Equities Overbought, Yen Massively Oversold

The Nikkei’s 14-day Relative Strength Index (RSI) exceeds 80 and we can’t recall ever seeing anything as short-term oversold — in a hard currency market — as the yen/dollar with its RSI of 10.   The Russell 2000 is the most overbought of the U.S. equity indices with an RSI of 73.   Should set up for an interesting week of consolidating last week’s big gains.

Click chart to enlarge


(click here if chart is not observable)

This entry was posted in Relative Strength Index, RSIs and tagged , , , . Bookmark the permalink.

3 Responses to Equities Overbought, Yen Massively Oversold

  1. The Wolf says:

    A reblogué ceci sur le blog a lupus…un regard hagard sur l'écocomics et ses finances…. and commented:
    Add your thoughts here… (optional)

  2. Pingback: Global Trend Indicators: Equities Overbought, Yen Oversold | The Big Picture

  3. Pingback: Monday links: relaxing market fears - Abnormal Returns | Abnormal Returns

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.