Only 10 ETFs Below Their 50-Day Average
Thursday, April 28, 2011 at 05:49PM At Bespoke we regularly track hundreds of ETFs on a daily basis for our ETF Trends report for Bespoke Premium subscribers. After going through our universe of ETFs today, there are currently only 10 ETFs in our universe trading below their 50-day moving averages (shown below). As shown, the majority of these ETFs are all in the Financial sector, which has been among the market's weakest sectors. On the upside, both DBS and SLV are currently more than 25% above their 50-day moving averages. There are also four different country ETFs that make the list of top ten furthest above their 50-day moving averages, but one notably absent country is the United States. While the US has been strong, it has been far from a leader in this rally.
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