Of the 200+ ETFs that we track in our daily ETF Trends report, only 7 are currently trading above their 50-day moving averages, and they're all currency or fixed income related. About 60% of the ETFs are trading more than 25% below their 50-days. The steel ETF (SLX) is trading the furthest below at a whopping -52%, followed by metals and mining (XME) and Brazil (EWZ). It has now been a long time since many of these securities have even sniffed an uptrend, and unfortunately with how oversold they are, it's still going to take a long time as well.
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Really interesting. You included a lot. thank you
Invest
Posted by: Rose | October 26, 2008 at 11:48 PM
Really interesting. You included a lot. thank you
Invest
Posted by: Rose | October 26, 2008 at 11:48 PM
Really interesting. You included a lot. thank you
Invest
Posted by: Rose | October 26, 2008 at 11:48 PM
Really interesting. You included a lot. thank you
Invest
Posted by: Rose | October 26, 2008 at 11:49 PM
Really interesting. You included a lot. thank you
Invest
Posted by: Rose | October 26, 2008 at 11:49 PM