In browsing through our Trend Analyzer tool as we do each day, we noticed that US index ETFs are in a surprisingly neutral state of mind. After all of the volatility over the past few months, every single one of the index ETFs that we track in our Trend Analyzer are trading in neutral territory, which means they’re all within one standard deviation above or below their 50-day moving averages.
You can see the index ETFs in the snapshot of our Trend Analyzer below. (You can view it for yourself at our Trend Analyzer tool as well.) In the “trading range” section on the right side of the tool, the dots represent where the different ETFs are currently trading relative to their 50-day moving averages. As shown, none of the ETFs are trading in overbought or oversold territory, and last week at this time, only one ETF was in overbought territory.
At this point, the large-cap index ETFs are below their 50-day moving averages, while the mid-cap and small-cap ETFs are mostly above their 50-DMAs.
Proceed to our Trend Analyzer now for a further explanation of the tool and how we like to use it. The “US Indices” tab is available to the public, but to access the rest of the tool and set up custom portfolios, you’ll need to start a two-week free trial to Bespoke Premium.