Below is a snapshot of U.S. equity index and style ETFs that we track in our daily ETF Trends report available to Bespoke Premium and Bespoke Institutional members.  A few key columns that only subscribers can see have been removed, but this snapshot still gives you a good idea of where the market stands.

In the trading range section below, the black vertical “N” line represents each ETF’s 50-day moving average.  As you can see, nearly every ETF is currently in neutral territory, with most just a notch below their 50-day moving averages.  If we get a decent up day today, though, the large majority will end up breaking back above their 50-days for the first time in weeks.  We wouldn’t get too giddy just yet, but this kind of move is what bulls are looking for if the longer-term downtrends in place are going to be broken.


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