Below is a look at our trading range screen for the 30 largest country ETFs traded here in the U.S.  As shown, just 3 of 30 are NOT in oversold territory after today’s sell-off.  And three of the biggest countries — Germany (EWG), Japan (EWJ) and the US (SPY) are the most oversold of the bunch.  Nine countries are starting the year down more than 3%, and twenty-one are more than 5% below their 50-day moving averages.  The three countries that aren’t oversold are Australia (EWA), Colombia (GXG) and India (PIN).

countryetfs2016

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