Stocks are incredibly overbought — why that’s not nearly as scary as it sounds
October 23, 2017 at 06:24 AM EDT
So where are we on the Dow in terms of RSI at the moment? A whopping 87.61, which is higher than 99.999% of all readings going back to 1900, according to Charlie Bilello, director of research at Pension Partners. In fact, only eight trading days since then (out of 30,914) have registered a higher reading on the blue-chip index.
