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

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 |  Includes: DIA, IJH, IJR, ITOT, IVV, IWB, IWC, IWM, IWR, IYY, MDY, NYC, OEF, PRF, QQQ, SPY, THRK, VTI
by: Bespoke Investment Group

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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