FYI; After two days of declines to start the week, just one of the U.S. equity index and style ETFs that we track in our daily ETF Trends report (available to Premium and Institutional subscribers) remains in overbought territory. One week ago, only one ETF was NOT overbought. You can see the “mean reversion” trade that has occurred in our trading range screen below. If you’ve never seen this screen from Bespoke before, please refer to the “Trading Range” description at the very bottom of this post.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/from-overbought-to-neutral-us-index-and-style-etfs/
