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Global Trend Indicators: Equities Overbought, Yen Oversold

Posted By Global Macro Monitor On January 7, 2013 @ 12:30 pm In Markets,Think Tank | Comments Disabled

The Nikkei’s 14-day Relative Strength Index (RSI) [1] 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

WIR_Overbought [2]

(click here [3] if chart is not observable)



WIR_Global Trend [4]

WIR_Equity_MA [5]

(click here [6] if tables are not observable)

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/01/global-trend-indicators-equities-overbought-yen-oversold/

URLs in this post:

[1] Relative Strength Index (RSI): http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi

[2] Image: http://macromon.wordpress.com/2013/01/06/equities-overbought-yen-massively-oversold/wir_overbought-2/

[3] here: http://macromon.wordpress.com/2013/01/06/equities-overbought-yen-massively-oversold/

[4] Image: http://macromon.wordpress.com/2013/01/06/global-trend-indicators-84/wir_global-trend-53/

[5] Image: http://macromon.wordpress.com/2013/01/06/global-trend-indicators-84/wir_equity_ma-42/

[6] here: http://macromon.wordpress.com/2013/01/06/global-trend-indicators-84/

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