Tag Archives: RSI

Overbought and Oversold Markets – January 25

Posted on January 26, 2013 by macromon

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note … Continue reading →

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Overbought and Oversold Markets – January 18

Posted on January 19, 2013 by macromon

(click here if chart is not observable)

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Most Overbought and Oversold Markets

Posted on January 13, 2013 by macromon

Asia x/Japan equities began to to work off overbought conditions. Japan’s Nikkei continues to reprice higher on weaker yen. Italy’s MIB and Spain’s IBEX experiencing the “positive contagion”  from Eurozone sovereign spread compression and now approaching an 80 RSI. Profit … Continue reading →

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Equities Overbought, Yen Massively Oversold

Posted on January 6, 2013 by macromon

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 … Continue reading →

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Global Trend Indicators

Posted on January 6, 2013 by macromon

(click here if tables are not observable)

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How oversold is the S&P500?

Posted on May 20, 2012 by macromon

The S&P500 has given up almost all of its gains for the year, is down 7.9 percent since May 1st, and has fallen 11 of the 13 trading days during the month.  The S&P500’s Relative Strength Index (RSI), which is … Continue reading →

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