March 8 Week in Review: Overbought/Oversold Markets

The Relative Strength Index (RSI) 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
(click here if chart is not observable)

 

WIR_Key Levels
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WIR_Equity_Week
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WIR_Bond_Week
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WIR_Equity_YTD
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WIR_Bond_YTD
(click here if charts are not observable)

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