As shown below, the Internet HOLDRs Trust (NYSE:HHH) that is made up of Internet stocks has moved into extreme oversold territory. It is currently trading more than two standard deviations below its 50-day moving average, which is a level it has only traded at one other time over the last year. Back in August it got this oversold and quickly bounced back.
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From our ETF Trends report, below is a list of the equity group ETFs that we regularly track. As shown, HHH is currently trading the farthest below its 50-day moving average out of all the ETFs listed at -9.49%. Clearly the Internet group has been dragging the overall market.
Below are the current stocks that make up HHH. For each stock, we provide its year-to-date change as well as its change since the market made its most recent high on 11/11/11. As shown, Amazon.com (NASDAQ:AMZN) has led the ETF lower since 11/11 with a decline of 11.52%. Priceline.com (NASDAQ:PCLN) ranks second with a decline of 9.80%, followed closely by Earthlink (NASDAQ:ELNK) at -9.74%. AOL, E*Trade (NASDAQ:ETFC), TD Ameritrade (NYSE:AMTD), and eBay (NASDAQ:EBAY) are all down more than 8% as well.