After the market's recent pullback, most equity ETFs are trading below their 50-day moving averages. Below we highlight the key ETFs that are currently trading the furthest above and below their 50-days. As shown, the Financial Preferred ETF (PGF) is the furthest above its 50-day (+5.84%), followed by the Yen (FXY), Long-Term Bonds (BLV), and Biotech (BBH). The majority of ETFs trading above their 50-days are Fixed Income related, while the majority trading below are equity related. This is a much different picture from a few weeks ago when bonds were tanking and equities were rallying. The Natural Gas ETF (UNG) is trading the furthest below its 50-day at -16%. UNG is followed by Russia (RSX), Oil and Gas Exploration (XOP), and Emerging Markets Europe (GUR).