Below is a list of active ETFs run through our overbought/oversold screen. Please check out the key first to understand what everything means.
The purpose of the screen is to be able to quickly tell where indices, sectors, asset classes, etc... are currently trading based off of their normal trading ranges.
As shown, fixed income ETFs are currently overbought and are approaching the most overbought they have been in the last year and a half. Staples, health care, dividend stocks, and the SPYDERs remain overbought, while transports and oils are at the bottom of their ranges. Internet stocks and semis have also made a nice comeback in recent sessions as well.