Top global ETFs for the week, what is overbought and what is oversold

We computed the relative strength values of all global ETFs in the market. These RSI values are very valuable in determining whether an ETF is oversold or overbought.

Here is the list, ordered by RSI daily, which is a short term indicator. The weekly (medium term), and monthly values are also shown.

The most oversold are PJO (Powershares Japan FTSE portfolio) and PEF (Powershares Japan FTSE portfolio)

There are no overbought ETFs. The two closest are are EWC (Canada) and GULF (Middle East).

You can see also that IDX (Indonesia) is the only overbought ETFs in the long term, with an RSI-M of over 80.