The most overbought global stocks so far this year (Greece is the word)

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Bank of America lists the global stock markets that are the most overbough through the end of August.

In its weekly Flow Show note, Bofa ranks markets based on the deviation from their 200-day moving averages.

* Greece Equities: 34.6% (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK])
* Spain Equities: 22.8% (NYSEARCA:EWP [https://seekingalpha.com/symbol/EWP])
* Korea Equities: 20.7% (NYSEARCA:EWY [https://seekingalpha.com/symbol/EWY])
* Italy Equities: 19.6% (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI])
* S. Africa Equities: 18.5% (NYSEARCA:EZA [https://seekingalpha.com/symbol/EZA])
* Hong Kong Equities: 18.5% (NYSEARCA:EWH [https://seekingalpha.com/symbol/EWH])
* Portugal Equities: 17.8%
* Singapore Equities: 16.6% (NYSEARCA:EWS [https://seekingalpha.com/symbol/EWS])
* China Equities: 15.9% (NASDAQ:MCHI [https://seekingalpha.com/symbol/MCHI])
* Taiwan Equities: 15.5% (NYSEARCA:EWT [https://seekingalpha.com/symbol/EWT])
* Mexico Equities: 14.7% (NYSEARCA:EWW [https://seekingalpha.com/symbol/EWW])
* Canada Equities: 12.9% (NYSEARCA:EWC [https://seekingalpha.com/symbol/EWC])
* Brazil Equities: 12.8% (NYSEARCA:EWZ [https://seekingalpha.com/symbol/EWZ])
* UK Equities: 12.5% (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU])
* Germany Equities: 11.7% (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG])
* Japan Equities: 11.6% (NYSEARCA:EWJ [https://seekingalpha.com/symbol/EWJ])
* US Equities: 9.4% (NYSEARCA:SPY [https://seekingalpha.com/symbol/SPY]) (NASDAQ:QQQ [https://seekingalpha.com/symbol/QQQ]) (NYSEARCA:IWM [https://seekingalpha.com/symbol/IWM]) (NYSEARCA:IJH [https://seekingalpha.com/symbol/IJH])
* Switzerland Equities: 8.6% (NYSEARCA:EWL [https://seekingalpha.com/symbol/EWL])
* Australia Equities: 8.6% (NYSEARCA:EWA [https://seekingalpha.com/symbol/EWA])
* France Equities: 7.5% (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ])
* Turkey Equities: 7.2% (NASDAQ:TUR [https://seekingalpha.com/symbol/TUR])
* India Equities: 1.3% (BATS:INDA [https://seekingalpha.com/symbol/INDA])

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