9th occurrence in 34 years

The weekly Relative Strength Index (RSI) for the Nasdaq 100 Index has just registered a reading of 33 or less, for only the 9th time in 34 years.

I’m watching for an extension of the March swoon before initiating some new equity investments and adding to some existing ones.

But under the heading of conditioning for lower and perhaps ‘normal’ returns, don’t expect a moonshot rebound, while I’ll also keep in mind that nobody ‘deserves the bottom’.

March 13, 2022

by Rob Zdravevski

rob@karriasset.com.au