Below is a snapshot from our Trend Analyzer tool of the six major US index ETFs. As you can see in the “Trading Range” section to the right, all six ETFs are currently trading below their 50-day moving averages as we get set for a lower open to start the new trading week. (For each ETF, the dot represents where it’s currently trading within its normal range, while the black, vertical line represents each ETF’s 50-day moving average.)
The small-cap Russell 2,000 (IWM) is trading the furthest below its 50-day moving average and has just moved into “oversold” territory, which means it’s more than one standard deviation below its 50-DMA. The Dow 30 (DIA) is the next closest to oversold territory at -1.19% below its 50-DMA. The Nasdaq 100 (QQQ), S&P 500 (SPY), and Total Stock Market (VTI) ETFs are all just barely below their 50-DMAs. Start a two-week free trial to Bespoke Institutional to access our interactive equity market tools and much more.
Below is a snapshot of the six US index ETFs from our Chart Scanner tool so you can see how each one has been trending lately a little more closely.