The intraday price for S&P Intl Mid Cap ETF has moved below its 200 period 30 minute moving average of 27.61. MDD is around 27.38 bucks now. Going below the moving average deepens the negative trend.

The price is already below support of $27.82.

Other stocks to watch – these have a positive correlation with S&P Intl Mid Cap ETF:

Proper Power & Energ (PPWE) with a correlation of 91.72%

(RBS1J) with a correlation of 93.05%

Randgold Res Ltd (RGORF) with a correlation of 92.17%

Staar Smaller Company Stock Fund (SITSX) with a correlation of 93.66%

XAU / EUR (XAUEUR) with a correlation of 91.7%

For the math geeks and quants – the most recent Slope: -0.22 Intercept: 27.82 close: 27.38