Equities Overbought, Yen Massively Oversold

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 up for an interesting week of consolidating last week’s big gains.

Click chart to enlarge

WIR_Overbought

(click here if chart is not observable)

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3 Responses to Equities Overbought, Yen Massively Oversold

  1. The Wolf says:

    A reblogué ceci sur le blog a lupus…un regard hagard sur l'écocomics et ses finances…. and commented:
    Add your thoughts here… (optional)

  2. Pingback: Global Trend Indicators: Equities Overbought, Yen Oversold | The Big Picture

  3. Pingback: Monday links: relaxing market fears - Abnormal Returns | Abnormal Returns

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