FYI: The snapshots below are pulled from our popular Trend Analyzer tool that allows investors to easily monitor baskets of stocks and ETFs for long-term trend shifts as well as overbought/oversold levels. In the first snapshot, we show US index ETFs. On the right side of the snapshot is our trading range section. The dot represents where each ETF sits within its long-term trading range. The tail end is where it was trading a week ago, while the black vertical line represents the ETF’s 50-day moving average. As shown, while all of these US index ETFs have bounced, none have gotten back above their 50-day moving averages.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/international-etfs-back-above-50-dmas/
