Global Trend Indicators: Equities Overbought, Yen Oversold
From The Big Picture
January 7, 2013 - 12:30pm
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 [...]
January 7, 2013 - 12:30pm
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