Derek Bester

Stocks in U.S. make Breakaway Gaps

Bloomberg: Banks stocks rally by most in 18 months on Citi’s blowout quarter. Alibaba leads drop in China tech shares as regulatory fears grow. Starbucks weighs selling its UK operations, Times reports. MarketWatch: Dow jumps 650 points as stocks close sharply higher after stronger-than-expected-sales report, surge in Wall Street bank shares. BARRON’S: Don’t get your

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Lesson 11: Relative Strength Index taken to a Higher Level

The Relative Strength Index (RSI) is among the most popular technical indicators for identifying overbought or oversold stocks. Standard RSI Indicator The standard RSI system uses a 14 days period to calculate the indicator. Overbought (value>70) refers to a stock that has increased rapidly in a short period of time and may reverse lower. Conversely,

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