From Bespoke Investment Group:
Investors who expect a market pullback and want to find potential short candidates could start with a list of the most overbought ETFs at the moment.
Below is a list of key ETFs that are trading the furthest above their 50-day moving averages. As shown, the insurance ETF (KIE) is the furthest above its 50-day at 17.89%, followed by banking (KBE), Austria (EWO), homebuilders (XHB), and real estate (IYR).
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