There are over 800 ETFs in the U.S. We computed the relative strength values of all of them and then sorted by the monthly value. This provides a very good indication of what is oversold and overbought.
The average of all three time periods is also shows (RSIA).
Top 25 Most Oversold:
The top oversold are ZSL (ultra short silver, meaning silver itself as commodity is overbought) and DPK, a "Developed Markets Bear 3x Shares". A 3X ETF is something to stay away from, specially for any long term period (as it longer than a couple of hours!).
Top 25 Most Overbought:
The top two overbought are PVI and BIL.
PVI is the Tax-Free Weekly Portfolio (the Fund) is based on the Thomson Municipal Market Data VRDO Index (the Index). The Index is designed to track the performance of a pool of short-term, tax-exempt, variable-rate demand obligations (VRDOs) issued by municipalities in the United States.
BIL is Capital 1-3 Month T-Bill ETF (please see our post earlier today on the Treasuries auction).
These are the ETF names:


No comments:
Post a Comment