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Last night we ran our trading range screen on the 10 S&P 500 sectors as well as the 30 Dow Jones Industrial Average stocks. Below we have run the 30 largest country ETFs through the same screen.

Interestingly, the U.S. is the most overbought country on the entire list, trading slightly more extended than Japan. Needless to say, we've had a nice run here in the U.S. over the last few weeks. There are also six countries that are trading in oversold territory at the moment. These include Chile, China, Columbia, Italy, Russia, and South Africa. It's not all gangbusters out there.

(click to enlarge)

Source: Global Trading Range Screen