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Bespoke: Trend Analyzer – 9/26/18 – Back To Where We Were

TedTed
in The Bullpen
FYI: With many indices falling on yesterday’s close from shakey investor reactions to political news, more US Index ETFs are below where they were mid-week last week. Eight ETFs are still overbought while six are now neutral. Although—once again similar to last week—the ones that are currently overbought are not at extreme levels. Smaller and Mid-cap funds have taken these recent hits the worst. Core S&P Small-Cap (IJR) continues to lead the charge downward, with S&P MidCap 400 (MDY) and Russell Mid-Cap (IWR) not far behind. Fortunately, IJR is still the only ETF that has moved below its 50-DMA at this point.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/trend-analyzer-92618-back-to-where-we-were/
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