XLF is the popular financials ETFs. Year-to-date is has returned -1.8%, which is really not such a large drop in spite of the recent news affecting banks. This would indicate that stocks remain overbought.
XLF's current RSI values are 25.93 (daily), 41.5 (weekly), and 49.59 (monthly). This indicates a short-term oversold condition, but not so in the long term, where it is actually neutral.
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