Below is a snapshot of regional ETFs from our Trend Analyzer tool. We’re highlighting this snapshot this morning because every single ETF in this group has moved back above its 50-day moving average, indicating broad participation from equity markets around the world.
The Euro STOXX 50 ETF (FEU) is now the most overbought of the group at nearly two standard deviations above its 50-day moving average. The Global 100 ETF (IOO) is second-most overbought, followed by the Europe ETF (IEV).
Note that the snapshot below is pulled directly from the Tools section of our membership area. You can start using all of Bespoke’s helpful trading tools by starting a 2-month free trial to Bespoke Interactive today.