FYI: Below is an updated snapshot of our trading range screen run on the 30 largest country ETFs traded on US exchanges. A few weeks ago, pretty much all 30 ETFs were overbought and trending higher, but global equities have clearly taken a breather since then. For each ETF, the dot represents where it’s currently trading within its normal range, while the tail end represents where it was trading one week ago. The black vertical “N” line represents the ETF’s 50-day moving average, and moves into the red or green zone are considered overbought or oversold.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/stocks-take-a-breather-globally/
