The RSI can be a tricky indicator. When it's below 30, it suggests an "oversold" condition, which, over the short-term, might suggest a bounce is due. And when it's above the "overbought" threshold of ...
There is often a downturn in the Nasdaq-100 index in mid-January. This probably has something to do with the fact that traders load up on NDX stocks in the early days of the new year, creating a ...