Tag Archives: bespoke-investment-group

Global Rout To Start 2016

Below is a look at our trading range screen for the 30 largest country ETFs traded here in the U.S. As shown, just 3 of 30 are NOT in oversold territory after today’s sell-off. And three of the biggest countries – Germany (NYSEARCA: EWG ), Japan (NYSEARCA: EWJ ) and the US (NYSEARCA: SPY ) are the most oversold of the bunch. Nine countries are starting the year down more than 3%, and twenty-one are more than 5% below their 50-day moving averages. The three countries that aren’t oversold are Australia (NYSEARCA: EWA ), Colombia (NYSEARCA: GXG ) and India (NYSEARCA: PIN ).

From Overbought To Neutral: U.S. Index And Style ETFs

After two days of declines to start the week, just one of the U.S. equity index and style ETFs that we track in our daily ETF Trends report remains in overbought territory. One week ago, only one ETF was NOT overbought. You can see the “mean reversion” trade that has occurred in our trading range screen below. If you’ve never seen this screen from Bespoke before, please refer to the “Trading Range” description at the very bottom of this post. (click to enlarge)

Asset Class Performance During The First Week Of December

Below is a look at recent asset class performance using our key ETF matrix. Gains of roughly 2% were seen across the board in U.S. equities today, with the Nasdaq 100 (NASDAQ: QQQ ) leading the way at +2.34%. Today’s move higher left major indices back in the black for the month, but only by a small amount. On a sector basis, everything was higher today except for Energy (NYSEARCA: XLE ), which fell 0.63% and is now down nearly 5% on the month. Year-to-date, Energy is now down 18.27% – by far the most of any sector. On the positive side, Consumer Discretionary is up the most at 12.57% year-to-date. Have a look at the right side of the matrix for international equity performance, commodities and fixed income.