FYI: Just last Wednesday we noted that stock markets around the world were trending lower and in many cases moving into oversold territory. Just six days later, it appears to be smooth sailing again as most countries have bounced back in a big way.
Below is our Country ETF Trading Range screen, which highlights where 30 of the largest country ETFs are trading relative to their historical range. For each country ETF, the dot represents where it’s currently trading, while the tail end represents where it was trading one week ago. The black, vertical “N” line represents each ETF’s 50-day moving average, and moves into the red or green zones are considered overbought or oversold.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/global-bounce/
