Global ETF Trading Range Screen

04-Jun-2013

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







From Bespoke Invest site,

Below we have run the 30 largest country ETFs through our trading range screen, which measures where a stock or ETF is trading within its “normal” trading range.  The black vertical line represents the 50-day moving average, while the red and green areas represent overbought and oversold territory.  For a more detailed description of how to read the chart, please go to the bottom of this post.

Last week at this time (the tail end for each ETF), 16 of the 30 ETFs shown were in overbought territory.  As of today (the dot for each ETF), only 7 of the 30 are overbought.  One of these 7 overbought countries is the US, which is now the best performing G7 country in 2013 in dollar terms.  The Netherlands (EWN) is the most overbought country shown, while France (EWQ) and Germany (EWG) are not far behind.  Vietnam (VNM), Italy (EWI) and Sweden (EWD) are the three other countries that are overbought.

Last week, only 4 countries were in oversold territory, but that number has doubled to 8 this week.  A few notable countries in oversold territory are Australia (EWA), Brazil (EWZ), Mexico (EWW) and South Africa (EZA).  If you’re looking to buy oversold countries, Mexico (EWW) is at least moving in the right direction again.

http://www.bespokeinvest.com/thinkbig/2013/5/30/global-etf-trading-range-screen.html


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