Friday, June 6, 2014

Bespoke: The World Is Overbought

From Bespoke Investment Group:
One look at our trading range screen of the 30 largest country ETFs tells you that world markets have gotten extended recently.  As shown below, 22 of the 30 countries highlighted are now overbought (more than one standard deviation above their 50-days), and more than a handful are at extreme levels (more than two standard deviations above their 50-days)....MORE