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This week's most overbought stocks on the TSX Add to ...

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I’d love to write about technically oversold Canadian stocks today, but, according to Relative Strength Index , there aren’t any.

The S&P/TSX Composite climbed 3.0 per cent for the week and is now firmly in positive territory for the year at 1.4 per cent. The strong week of performance, ending with Thursday’s close, has the domestic equity benchmark bumping up against overbought territory which would make it vulnerable to a pullback. The RSI reading of 63.3 is not far away from the RSI sell signal of 70.

Follow Scott Barlow on Twitter @SBarlow_ROB.

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