U.S. Index and Style ETFs Currently Oversold
Bespoke Investment Group
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Below we highlight the U.S. Index and Style ETFs that are part of our daily ETF Trends report available to Bespoke Premium subscribers. As shown, all of the ETFs listed are currently oversold. An ETF is oversold when it becomes more than one standard deviation below its fifty-day moving average. The percentage oversold number highlighted is the distance the ETF is trading below the one standard deviation level.
As shown, small cap ETFs are the most oversold (IWC, IJR, IWM), followed by mid caps (MDY, IJH, IWR) and then large caps. Value ETFs are more oversold than growth ETFs, with small cap value ETFs at the most extreme levels. IJS and IWN are both oversold by more than four percent.
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This article has 1 comment:
- Kunst
- 586 Comments
Jan 16 02:10 AMJust because something is "oversold" doesn't mean it won't go down more.