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Currently, gold is the most overbought global asset, up 15.8% from its 200-day moving average in U.S. dollar terms.
Here is the full list, according to a BofA Securities global research note:
Most overbought
Gold – Up 15.8% from its 200-day moving average.
(NYSEARCA:GLD), (IAU), (SGOL), (OUNZ), (BAR), (GDX), (GDXJ), (NUGT), (RING), (DUST)
U.S. equities – Up 9.1% from its 200-day moving average.
(SPY), (IVV), (VOO), (QQQ), (QLD), (SP500), (SP600), (SP400), (DIA)
Emerging markets equities – Up 8.2% from its 200-day moving average.
(EEM), (VWO), (IEMG), (EWX), (SPEM), (SCHE), (AVEM)
Asia Pacific, excluding Japan – Up 8.1% from its 200-day moving average.
(EPP), (BBAX)
United Kingdom equities – Up 4.7% from its 200-day moving average.
(UKX), (EWU), (EWUS), (FLGB)
Industrial metals – Up 4.6% from its 200-day moving average.
(BCIM), (OTC:JJMTF), (JJMC), (XME), (PICK), (REMX)
High Yield bonds – Up 4.1% from its 200-day moving average.
(HYG), (JNK), (PHB)
Emerging markets sovereign bonds – Up 3.2% from its 200-day moving average.
(PCY), (JPMB)
Investment grade bonds – Up 2.3% from its 200-day moving average.
(PFIG), (LQD), (IGSB)
Europe equities – Up 2.2% from its 200-day moving average.
(VGK), (HEDJ), (IEV), (IEUR), (STOXX), (FEZ), (ESG)
Government bonds – Up 0.7% from its 200-day moving average.
(GOVI), (SPTL), (TIP), (SPTI), (BIL)
U.S. dollar – Up 0.6% from its 200-day moving average.
(UUP), (USDU)
Most oversold
Japan Equities – Down 2.2% from its 200-day moving average.
(EWJ), (DXJ)
Oil – Down 8.7% from its 200-day moving average.
(USO), (BNO), (XOP), (OIH), (GUSH)
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