FYI: Below is a snapshot of the most overbought country stock markets right now using our Trend Analyzer tool.
As shown, there are seven countries whose markets are now in extreme overbought territory, meaning they're more than two standard deviations above their 50-day moving averages. The Singapore equity market ETF (EWS) is the most overbought country right now as it's three standard deviations above its 50-DMA. Other countries trading at extreme levels include Taiwan (EWT), Japan Hedged (DXJ), Sweden (EWD), Belgium (EWK), Hong Kong (EWH), and China (MCHI).
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/singapore-equity-etf-ews-on-fire
