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Friday, May 11, 2018 4:37:08 PM
Global Stock Markets Back to Overbought
By: Bespoke | May 11, 2018
It took a few months, but global stock markets are mostly back to overbought levels. Below is a snapshot of regional ETFs from around the world using our Trend Analyzer Tool. You can see that every single one is up over the last 5 trading days, and only 4 of them remain below their 50-day moving averages.
Looking at the trading range section on the right side of the snapshot, all but 5 regional ETFs are trading in overbought territory, and just 1 is oversold (Latin America ILF).
https://www.bespokepremium.com/think-big-blog/global-stock-markets-back-to-overbought/
• DiscoverGold
By: Bespoke | May 11, 2018
It took a few months, but global stock markets are mostly back to overbought levels. Below is a snapshot of regional ETFs from around the world using our Trend Analyzer Tool. You can see that every single one is up over the last 5 trading days, and only 4 of them remain below their 50-day moving averages.
Looking at the trading range section on the right side of the snapshot, all but 5 regional ETFs are trading in overbought territory, and just 1 is oversold (Latin America ILF).
https://www.bespokepremium.com/think-big-blog/global-stock-markets-back-to-overbought/
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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