Most Oversold ETFs

Yesterday's big decline pushed the majority of the key ETFs we track below their 50-day moving averages.  Below is a look at the ETFs that are currently the farthest below their 50-days.  As shown, natural gas (UNG) ranks first at -21.04%, followed by the gold miners (GDX), Spain (EWP), Italy (EWI), clean energy (PBW) and oil & gas (IEO).  As you can see, the majority of the most oversold ETFs are either international or energy/material related.