It took a few months, but global stock markets are mostly back to overbought levels. Below is a snapshot of regional ETFs from around the world using our Trend Analyzer Tool. You can see that every single one is up over the last 5 trading days, and only 4 of them remain below their 50-day moving averages.
Looking at the trading range section on the right side of the snapshot, all but 5 regional ETFs are trading in overbought territory, and just 1 is oversold (Latin America ILF).
Our Trend Analyzer Tool is one of many interactive features we’ve recently introduced to our premium research service. Other features include our Chart Scanner, Stock Seasonality Tool, Earnings Screener, Earnings Calendar, International Revenues Database, Economic Indicator Database, Earnings Triple Plays, and our Economic/Fed Monitor. As traders/investors ourselves, we’ve built all of these original tools to better serve our investment needs after years of learning and refining our approach. We use ALL of them every single trading day, and now our clients can use them as well! You can start using them now by joining Bespoke Premium or Bespoke Institutional!