24.02.2012 - Foreign, commodity ETFs look overbought, Bespoke says
This is what stocks look like after a rally: Fully 94% of the exchange-traded funds tracked by Bespoke Investment Group are above their 50-day moving averages. The reach is greatest in foreign and commodity-tracking ETFs. The Barclays iPath MSCI India Index ETN (INP) is the farthest above the 50-day MA of any of the 200 funds Bespoke tracks, followed by the PowerShares Dynamic Energy Exploration & Production Portfolio (PXE) and the PowerShares DB Silver Fund (DBS)...............................................Full Article: Source
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