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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 (NYSEARCA:BBH) and Utilities (NYSEARCA: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 (NYSEARCA:PGJ) is the most oversold at 12% below its 50-day, followed by Networking (NYSEARCA:IGN), Private Equity (NYSEARCA:PSP), and Clean Energy (NYSEARCA:PBW) stocks.

Source: Not Many ETFs Above Their 50-Days