As shown in our Trend Analyzer snapshot below of regional equity ETFs, all but two are trading in oversold territory, and all are solidly below their 50-day moving averages. But while US index ETFs have gotten more oversold over the last week (as indicated by the long tails to the right of each dot), we’ve actually seen some of the most oversold regional ETFs move higher within their trading ranges over the last week. The three emerging markets ETFs — IEMG, EEM, VWO — along with the MSCI All Country Asia ex Japan (AAXJ) were much more oversold last week at this time than they are now. At least it’s a start! Start a 2-week free trial to Bespoke Institutional for full access to our research and interactive tools.