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Shown in the top portion of the charts is the Dow's RSI or Relative Strength Index at 78.50 and the S&P 500's at 71.25.
"Between your moaning about early mornings and Dan Rookwood's RSI whingeing," notes Dave Holme, "anyone would think you had a tough job.
Especially since this year, the share's RSI is also right at 50.
Also both graphs show Bitcoin's RSI or Relative Strength Index (the top portion of both graphs) being in an oversold condition.
Exxon's RSI appears to be grounding out at 16, a severely oversold reading, and may be signaling the jump off point for an upward slope.
Trading at a relatively expensive P/E of 44, AMERCO's RSI above 80 and stochastics over 90 imply an overbought market price, and the stock is priced at a 9% premium to the 20-day exponential moving average (EMA).
A bullish investor could look at HNI's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
The investment is led by Tencent, the Chinese internet giant that led Practo's $90 million Series C in 2015, with participation from three new backers: Russia's Ru-Net, RSI Fund (from Japan-based Recruit) and New York's Thrive Capital.
Monday's selling saw RIMM's 2-period RSI close below 2, indicating an extremely oversold condition.
And then it also uses the value that's already in RSI.
Although closing higher, a failed intraday rally helped bring the stock's two-period RSI down into the single digits.
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