102130341
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Nasdaq Composite rose for eight consecutive days, with Microsoft standing out, surging 15% to a record high. Microsoft's share price outperformance was largely driven by recent strong quarterly earnings report. However, Microsoft's 14-day RSI reached 72, which is approaching extreme overbought status, indicating potential short-term risk signals.
How to interpret the RSI?
In terms of market analysis and trading signals, it is con...
How to interpret the RSI?
In terms of market analysis and trading signals, it is con...
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102130341
commented on
Stocks have surged in recent months as the US economy has proved resilient, but another threat to this year's rally has emerged in the form of rising interest rates.
The yield on 10-year government-bond settled at 4.339% on Monday, the highest since late 2007. This has put a damper on what was a 20% rally for the $S&P 500 Index(.SPX.US$ from January to the end of July. So far in August, the benchmark index is d...
The yield on 10-year government-bond settled at 4.339% on Monday, the highest since late 2007. This has put a damper on what was a 20% rally for the $S&P 500 Index(.SPX.US$ from January to the end of July. So far in August, the benchmark index is d...
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