3/17/2010

SPY

2-day RSI maxed at 100. 5-day above 97.

Posted: 9:04 am

3 Comments »

  1. Simply amazing that…Cooper says the market is in blow-off mode. Of course where she stops, nobody knows. Do you have any historical stats of these levels of RSI? Any post-pattern behaviors? It seems at this point that all the “smart traders” are dumbfounded at the strength. If that’s the case, who the heck is doing all this buying? I’d really like to know this…

    -Greg

    Comment by Greg — 3/17/2010 @ 9:39 am

  2. No, I don’t have the historical stats. But Bespoke did say this after yesterday’s close: “Make that 13 in a row! The S&P 500 tracking ETF (SPY) finished the day up 0.8% today, bringing its current streak of consecutive up days to 13. This is now SPY’s longest winning streak since the ETF started trading back in 1993.”

    Maybe Google can help with some 2-day RSI info.

    As they always say, overbought conditions aren’t a timing mechanism, since “overbought can become more overbought”.

    Comment by BMB — 3/17/2010 @ 10:06 am

  3. Here’s a little historical info on trading SPY RSI2 over the past 50-60 years.

    Comment by BMB — 3/17/2010 @ 10:14 am

RSS feed for comments on this post.

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  (Not required, not displayed)