Tagged: RSI

RSI declining – final warning sign 1

RSI declining – final warning sign

This is a very expensive and overbought market which few participants believe can decline meaningfully. That alone is dangerous, but now we see signs of technical exhaustion, such as the downtrend in RSI on...

Market Top Developing, December 2013 0

Top developing

An overbought market that has kept the vast majority of investors and traders in the bull camp for several weeks is to be viewed with suspicion. When prices also begin to lose their upward...

Relief rally coming? 0

Relief rally coming?

We’ve got a clear divergence on RSI now, as each impulse lower over this week has been weaker than the last. This is a sign to tighten up stops or close shorts. You could...

Silver 1

Silver

Hard to deny there’s a bearish pattern here: TD Ameritrade The precious metals have ambivalent correlations with stocks these days, so I’m not sure what the above means in the scheme of things, other...

Weakness developing in commodities 0

Weakness developing in commodities

Checking the 15-min bar chart, copper and oil are not looking too spirited. Here’s oil: – And copper, same scale: – And of course platinum and palladium are looking busted. Daily charts here. Platinum:...