Hickey and Walters (Bespoke) submit: Below we highlight an extensive list of US group ETFs and their recent trading trends. As shown, the Clean Energy ETF (PBW) is the only one that has registered gains over the past five trading days.
We also provide the percentage the ETF is currently trading from its 50-day moving average as well as the amount (if any) that the ETF is overbought or oversold by. Prior to last week, almost all ETFs were in overbought territory (indicated by red flags below). When this occurs, a caution signal flashes because they can't remain overbought forever. We like to look for ETFs that are trading in steady uptrends but are not overbought.