FYI: While the US is enjoying a stock market at new all-time highs, most countries around the world are still at oversold levels. Below is a look at our trading range screen for the 30 largest country ETFs traded on US exchanges. For each ETF, the dot represents where it is currently trading within its range, while the tail end represents where it was trading one week ago. The black vertical "N" line represents its 50-day moving average, and moves into the red or green zones are considered overbought or oversold. (Read more about the calculations for this screen at the bottom of this post.)
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/23/most-countries-still-oversold-china-and-us-overbought.html?printerFriendly=true
