health care still oversold but starting to stabilize. semis overbought for days now
ok so ran the daily S&P scan and health care is still showing up but different today
MCK RSI moved from 16 to 22, looks like its starting to recover. LDOS still there around 131, HII too. whole defensive sector still beaten up but stabilizing
new name today is EPAM at RSI 20, IT consulting getting hit hard
semis still overbought for days now. AMD at 76, STX at 81, MCHP at 79. starting to look like distribution at these levels
also interesting INVH showing up on overbought side, single family residential REITs at RSI 73. not something you see every day
not buying anything yet just watching the health care situation
not financial advice.
Posted May 8, 2026, 3:52 PM UTC
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