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Friday
Oct242008

Trading in Key ETFs

DateFriday, October 24, 2008 at 11:08AM

Of the 200+ ETFs that we track in our daily ETF Trends report, only 7 are currently trading above their 50-day moving averages, and they're all currency or fixed income related.  About 60% of the ETFs are trading more than 25% below their 50-days.  The steel ETF (SLX) is trading the furthest below at a whopping -52%, followed by metals and mining (XME) and Brazil (EWZ).  It has now been a long time since many of these securities have even sniffed an uptrend, and unfortunately with how oversold they are, it's still going to take a long time as well.


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Reader Comments (5)

Really interesting. You included a lot. thank youInvest
October 26, 2008 | Unregistered CommenterRose
Really interesting. You included a lot. thank youInvest
October 26, 2008 | Unregistered CommenterRose
Really interesting. You included a lot. thank youInvest
October 26, 2008 | Unregistered CommenterRose
Really interesting. You included a lot. thank youInvest
October 26, 2008 | Unregistered CommenterRose
Really interesting. You included a lot. thank youInvest
October 26, 2008 | Unregistered CommenterRose

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