FYI: The action in global stocks over the last few days has left 25 of the 30 largest country ETFs in oversold territory. Below is our trading range screen highlighting the trend. For each ETF in the screen below, the black vertical "N" line represents its 50-day moving average. Moves into the red zone are considered "overbought", while moves into the green zone are considered "oversold". Throughout this bull market, oversold levels have generally offered up good buying opportunities, but there's always the risk that the "buy the dip" trade will finally fail to pan out.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/1/7/most-countries-still-oversold.html?printerFriendly=true
