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March 8 Week in Review: Overbought/Oversold Markets

Posted By Global Macro Monitor On March 10, 2013 @ 8:30 am In Markets,Think Tank | Comments Disabled

The Relative Strength Index (RSI) [1] 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 the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.

 

Click chart to enlarge.
WIR_Overbought [2]
(click here [3] if chart is not observable)

 

WIR_Key Levels [4]
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WIR_Equity_Week [5]
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WIR_Bond_Week [6]
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WIR_Equity_YTD [7]
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WIR_Bond_YTD [8]
(click here [9] if charts are not observable)


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

URL to article: http://www.ritholtz.com/blog/2013/03/week-in-review-overbought-oversold-markets-march-8/

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/2013/03/09/overbought-and-oversold-markets-march-8/wir_overbought-12/

[3] here: https://macromon.wordpress.com/2013/03/09/overbought-and-oversold-markets-march-8/

[4] Image: http://macromon.wordpress.com/2013/03/09/week-in-review-62/wir_key-levels-82/

[5] Image: http://macromon.wordpress.com/2013/03/09/week-in-review-62/wir_equity_week-82/

[6] Image: http://macromon.wordpress.com/2013/03/09/week-in-review-62/wir_bond_week-88/

[7] Image: http://macromon.wordpress.com/2013/03/09/week-in-review-62/wir_equity_ytd-77/

[8] Image: http://macromon.wordpress.com/2013/03/09/week-in-review-62/wir_bond_ytd-87/

[9] here: https://macromon.wordpress.com/2013/03/09/week-in-review-62/

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