Almost All U.S. Index ETFs Now in Oversold Territory

by: Bespoke Investment Group December 18, 2007 | about stocks: DIA / IJH / IJR / ISI / IVV / IWB / IWC / IWM / IWR / IYY / MDY / NYC / OEF / PRF / QQQQ / SPY / TMW / VTI

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After large declines since the Fed stole the Christmas rally, the majority of US index-tracking ETFs have moved back into oversold territory (more than 1 standard deviation below its 50-day moving average). NYC, ISI, QQQQ, MDY, IJR, IWM and IWC are currently the most oversold. The only two that are not oversold are the mega-cap DIA (tracks the Dow 30) and OEF (tracks the S&P 100) ETFs.

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Related Stocks:

DIA, IJH, IJR, ISI, IVV, IWB, IWC, IWM, IWR, IYY, MDY, NYC, OEF, PRF, QQQQ, SPY, TMW, VTI

This article has 2 comments:

Dec 18 06:45 PM
Can you please explain the flag system. I am sure it is simple,but I can't seem to figure what is undervalued.
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Dec 19 08:29 PM
So anything 1 SD below its 50 day MA is oversold and due to rise? By that standard, I'll bet there were a ton of screaming good buys in late 2001. What goes down may go up, but not necessarily immediately. Sometimes what goes down keeps going down, for good reason..
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Almost All U.S. Index ETFs Now in Oversold Territory

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