FYI: We mentioned yesterday that half of the major index ETFs were sitting at extremely oversold levels at the start of trading yesterday. Small gains helped to at least lift some of these ETFs off of these levels, but a sizeable gap lower at today's open brought them right back—if not to a greater degree—into oversold territory. While every major index ETF is sitting on a loss over the past week, small and mid-caps have been handily underperforming. These also are all the ones that are still extremely oversold. The Core S&P Small-Cap ETF (IJR) has seen the worst of these declines down 3.8%. This has also tanked gains for the year as it now has the lowest YTD gain of the group.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/trend-analyzer-5-31-19-oil-oversold-metals-move-higher
