Almost All U.S. Index ETFs Now in Oversold Territory

After large declines since the Fed stole the Christmas rally, the majority of US index-tracking ETFs have moved back into oversold territory (more than 1 standard deviation below its 50-day moving average). NYC, ISI, QQQQ, MDY, IJR, IWM and IWC are currently the most oversold. The only two that are not oversold are the mega-cap DIA (tracks the Dow 30) and OEF (tracks the S&P 100) ETFs.

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Comments

[dsassyt@aol...:]

Can you please explain the flag system. I am sure it is simple,but I can't seem to figure what is undervalued.

2007 Dec 18 06:45 PM

[Kunst:]

So anything 1 SD below its 50 day MA is oversold and due to rise? By that standard, I'll bet there were a ton of screaming good buys in late 2001. What goes down may go up, but not necessarily immediately. Sometimes what goes down keeps going down, for good reason..

2007 Dec 19 08:29 PM