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
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(click here [3] if chart is not observable)
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(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/
Click here to print.