Homebuilder ETF Still Dominating

| About: SPDR Homebuilders (XHB)

Of the 200+ key ETFs that we track in our daily ETF trends report over at Bespoke Premium, the homebuilder ETF (NYSEARCA:XHB) remains as the most overbought. As shown in the table below, XHB is currently 13.22% above its 50-day moving average. Two other ETFs are more than 10% above their 50-days -- Building and Construction (NYSEARCA:PKB) and Banking (NYSEARCA:KBE). The clean energy ETF (NYSEARCA:PBW) ranks 4th at 8.82% above its 50-day, followed by Brazil (NYSEARCA:EWZ) at 8.18%.

24% of the ETFs that we track are currently more than 5% above their 50-days, which is a high reading. A few more days of gains for this market, and you'll start hearing lots of talk about how overbought we are.