ETFs Furthest from Their 50-Day Moving Averages

Yesterday we highlighted the stocks in the Russell 1,000 that were trading the furthest above their 50-day moving averages. Below we highlight the ETFs that are trading the furthest above and below their 50-days.

From our daily ETF Trends reports at Bespoke Premium, we gathered more than 200 actively traded US ETFs to find the ones most overbought and oversold. As shown below, the Homebuilders ETF (XHB) is currently the most overbought at 12.44% above its 50-day. Steel (SLX) ranks second at 11.51%, followed by OIL, DBO and Spain (EWP).

DCR is the ETF trading the furthest below its 50-day moving average. It represents the inverse of Oil, and with the commodity approaching all-time highs once again, DCR has struggled in recent days (more on DCR later). The Health Care Providers ETF (IHF) ranks second worst at -10% below, followed by India (INP), Malaysia (EWM) and Financial Preferreds (PGF).

Comments

[ETF Investor:]

Well it is obvious that Bespoke Investment Group is a con-artist firm that just wants to confuse people and throw useless statistics out there.

2008 Apr 08 03:01 PM

[User 171371:]

They have a future in politics.

2008 Apr 08 06:29 PM

[proseadvocate:]

What is wrong with you people? You sound like sheep that want to see only articles that tell you what to do, without any ability to draw your own conclusions. The article is good since it shows oversold and overbought statistical info, that most people understand as the irrational human behavior element that is most definitely fundamental to all markets.

2008 Apr 08 10:52 PM

[ETF Investor:]

If you can go trade/invest on this or even use it in even the smallest way in your investing strategy for the long term, then I feel sorry for your performance numbers at the end of every month.

2008 Apr 09 09:38 AM

[tudelson:]

i find it remarkable that such an innocent and informative post has evoked such ire. too many people preoccupied with this election let them watch american idol or start spring cleanup. i would like to know how they make use of this info in their day-to-day portfolio managment.
Bespoke out of your documented experience which timing decisions or indicators have yielded the most success?

2008 Apr 09 10:39 AM

[ETF Investor:]

Tom- Don't worry, we will let this post off the hook because it is definitely not as useless as that poster who puts up ETF charts and tells us which way it will go just off the candlesticks...

2008 Apr 09 12:47 PM

[jimsep:]

This article has useful information, true to its title. If you don't like the subject, don't read it. There is no need to abuse the author or the editor

2008 Apr 09 01:50 PM

[Kunst:]

Interesting to me. What it means for your investing actions requires your own thought. This is just data.

2008 Apr 09 06:43 PM

[Urbane Gori...:]

For those that don't seem to want to understand what he article may provide... How about 'oversold' and 'undersold' ... If the article offends you... Go somewhere else... Personally, I like having a concept laid out for me... It saves all the unnecessary digging ... I'll look at the extremes for possibilities... And, I'll check my similar holdings against this list as well... Beats watching TV...

Thx jegan ;-D

2008 Apr 09 08:16 PM