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Feb. 7, 2018
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Chart of The Day: Stocks Oversold Around the World
In recent days, everyone has been closely following the collapse of Bitcoin (Bitcoin) (which has begun to recover today). And the fall of the world stock indices went virtually unnoticed.
Menwhile, S&P 500 Index, MSCI Asia Pacific Index, MSCI World Index, Nikkei 225 Index, Stoxx Europe 600 Index and Russell 2000 Index have fallen too fast, according to their 14-day relative strength indexes. Typically, an index with an RSI below 30 is deemed oversold while above 70 is considered overbought.
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