Every week, the analysts here at DWA organize and write approximately 11 feature stories focusing within the inventories of multiple ETF providers. These articles can be found within the weekly ETF reports we conduct for those ETF families with which we provide guided model-based solutions.
Every week, the analysts here at DWA organize and write approximately 11 feature stories focusing within the inventories of multiple ETF providers. These articles can be found within the weekly ETF reports we conduct for those ETF families with which we provide guided model-based solutions. The weekly reports can be accessed from the Research Menu, but as of this week we will also compile a handful of those stories, which we feel are particularly relevant. We hope that this will serve as an "in case you missed it..." sort of section, where you can quickly access timely ETF features in a comprehensive fashion each week. We will include a link to the report along with a brief abstract summarizing our discussion within the respective features. This week's compilation is below.
First Trust Size and Style Change:
There is a change to the First Trust Size and Style Model FTSIZESTYLE this month. This month the First Trust Mid Cap Growth AlphaDEX Fund FNY will be removed and the First Trust Small Cap Growth AlphaDEX Fund FYC will be added. Recall that the First Trust Size and Style Model is evaluated on a monthly basis and the strategy is driven by the DALI Size and Style rankings. The Model seeks to hold the top three Size and Style groups and changes are made when there is a change to... (Read More)
Guggenheim Equal Weight Sector Model Change:
This week, we have a change in the Guggenheim Equal Weight Sector Model GUGGSECT. The Guggenheim S&P Equal Weight Health Care ETF RYH has been removed from the Model. This Model is designed to target exposure to the Guggenheim Equal Weight Sector ETFs that are demonstrating positive Relative Strength versus the Model benchmark, the Guggenheim S&P 500 Equal Weight ETF RSP. Each week we monitor 10 Relative Strength charts for each ETF in the Model's universe versus the RSP. As a result of the most recent market action, RYH reversed into O's versus the RSP, warranting its... (Read More)
iShares Sector Rotation Change:
Today there is a change within the iShares Sector Rotation Model. The buy and sell decisions within this portfolio are determined based on individual RS charts for each of the members in the potential universe versus the iShares Dow Jones US ETF IYY. Over the course of the past week, there has been enough of a price dispersion between the iShares U.S. Healthcare ETF IYH and the IYY to cause a reversal down in to O's on the RS chart. This reversal tells us that IYH is weakening relative to the broad market and as a result, we have sold the... (Read More)
State Street Sector Model Change:
For the fifth consecutive week, there has been a change in the State Street Sector Model SSTREET. This week, the SPDR S&P Oil & Gas Equipment & Services ETF XES has been added to the Model. Recall that in order for an ETF to earn a spot within the State Street Sector Model SSTREET, it must be in a column of X's versus the S&P 500 Index SPX on a 6.5% relative strength chart. Over the past week of trading, the RS chart of XES vs SPX reversed up into X’s, warranting its addition to the SSTREET holdings. This Model remains fully-invested through sector-based ETFs within the broader... (Read More)
