Each day in our ETF Trends report available to Bespoke Premium members, we provide overbought/oversold statistics for more than 200 ETFs. Below we highlight the key ETFs that are currently trading the furthest above and below their 50-day moving averages. When ETFs get significantly above their 50-days, the risk/reward tradeoff for bulls starts to lean towards the risk side. As shown, Energy and Energy stock ETFs currently dominate the overbought list. The Oil&Gas Exploration ETF, XOP, is the furthest above its 50-day at 12.45%, followed closely by UNG at 12.28%.
On the oversold list, the Banking ETF (KBE) is at the top at -16.1%. KBE is followed by the Regional Bank ETF (RKH), the India ETN (INP), and the Homebuilders ETF (XHB). Other notables on the list include XLF, FXI and EEB.
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