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The Market Ear with the latest on broken stocks.
Oversold is gone
On August 20 (here) we pointed out just how oversold the market was. Fast forward to today, and the RSI has moved sharply higher. The question is whether or not we see overbought again?
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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