This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
By using the shared indicator feature in SlopeCharts, I was able discover an interesting signal that just took place with the Russell 2000. Behold:
What the above chart displays is the valuable signal that the 233-day RSI provides. There are three short instances and one long instance. The most recent short instance is, well, right now, but in the prior three cases (again, 1 long, 2 short) they met with reasonable success.
I would also point out this new ratio chart I created, which is the IWM divided by the TLT (pretty spiffy, eh?) It suggests a continuation of my “lower stocks, higher bonds” disposition. Yer welcome.
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