Of the more than 200 key ETFs that we track across all asset classes, just 24 are currently trading above their 50-day moving averages. Just 2 of these 24 ETFs trading above their 50-days are equity related -- the Biotech (BBH) and Utilities (XLU) ETFs. Nearly all of the other 22 ETFs that are above their 50-days are fixed income related.
While just 24 of the ETFs we track are currently above their 50-days, 56 are more than 5% below their 50-days. Below are the ones trading the farthest below their 50-days. As shown, a China ETF (PGJ) is the most oversold at 12% below its 50-day, followed by Networking (IGN), Private Equity (PSP), and Clean Energy (PBW) stocks.