Country Trading Ranges: Australia, Brazil, Hong Kong, South Africa, Taiwan Currently Oversold

We recently created trading range charts for 22 countries that have trackable ETFs, just as we do with U.S. Sectors.

When the price of the index moves into or above the red zone, it is considered overbought. When the price moves into or below the green zone, it is considered oversold.

Currently, Australia, Brazil, Hong Kong, South Africa and Taiwan are trading at or below the bottom of the green zone, indicating extreme oversold conditions.

The only countries that have held up relatively well over the last week are India, Russia and Malaysia.

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