Monday, May 14, 2012

Watching the NDX RSI(2)

Have you traded using the RSI(2)? $$ The RSI(2) on the QQQ is .47. Oversold!

The average returns of stocks with a 2-period RSI reading below 1 significantly outperformed the benchmark
1-day (+0.30), 2-days (+0.62%), and 1-week later (+0.84%).

Chart from Stockcharts

blog comments powered by Disqus