First Trust (Wed.)
Published: Jun 23, 2021
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

There were no changes to any of the First Trust Models this week.

With Tuesday’s action, the First Trust NASDAQ Cybersecurity ETF CIBR rallied above $47 to achieve a new all-time high and rally above resistance that dates to February of this year. The tracking index for CIBR seeks to invest in the cybersecurity segment of the broader technology and industrials sector. The chart has been in a column of X’s since mid-May and has added 6.00% during the month of June (5/28/2021 to 6/22/2021), which is much of the ETF’s gain on a year-to-date basis at 6.26%. Overall, CIBR possesses a fund score of 4.38 and a score direction of 1.69, which speaks to the fund’s recent improvement. Additionally, CIBR’s fund score is higher than that of the average score for funds within the Technology-Communications space at 4.09. Okay to consider CIBR on a pullback to $45.50 from this recent high, as the fund is entering overbought territory. Initial support lies in the $41 to $41.50 range, while the bullish support line would be violated with a move to $39.50.

 

This weekly overview is designed to be used as a "radar" screen to bring your attention to potentially important technical changes that may require your attention and potential action. When evaluating the Fund Score, the strongest issues have scores of 4 or higher while those ETFs with scores below a 3 are no longer considered solid citizens.

The ETFs with the most relative strength buy signals (suggesting outperformance) versus the others in the group are listed at the top. These ETFs should be overweighted in the portfolio. Those ETFs with the least amount of relative strength buy signals versus the others in the group are listed at the bottom. These ETFs should be underweighted in the portfolio.

First Trust Market Matrix Summary

Ticker Name Buys Xs Tech
Attribute/
Score
FYX First Trust Small Cap Core AlphaDEX Fund 17 8 4.52
FNX First Trust Mid Cap Core AlphaDEX Fund 14 16 4.53
FAB First Trust Multi Cap Value AlphaDEX Fund 14 11 5.19
BICK First Trust BICK Index Fund 12 7 4.81
FNI First Trust Chindia ETF 12 0 3.54
FDM First Trust Dow Jones Select MicroCap IndexSM Fund 10 4 4.49
TUSA First Trust Total US Market AlphaDex ETF 9 13 4.36
QQEW First Trust NASDAQ-100 Equal Weighted IndexSMFund 9 7 4.29
FDD First Trust STOXX European Select Dividend Index Fund 8 13 4.42
FTA First Trust Large Cap Value Opportunities AlphaDEX Fund 8 9 3.17
FEX First Trust Large Cap Core AlphaDEX Fund 7 10 3.61
FGD First Trust Dow Jones Global Select Dividend Index Fund 6 10 3.31
FPX First Trust US Equity Opportunities ETF 6 9 3.05
FVD First Trust Value Line Dividend Index Fund 4 9 2.89
FTCS First Trust Capital Strength ETF 4 7 4.00
FTC First Trust Large Cap Growth Opportunities AlphaDEX Fund 4 7 4.61
FDL First Trust Morningstar Dividend LeadersSM Index Fund 4 4 2.71
FAD First Trust Multi Cap Growth AlphaDEX Fund 3 10 4.72

First Trust  Sector Matrix Summary

Ticker Name Buys Xs Tech
Attribute/
Score
FCG First Trust Natural Gas ETF 29 25 5.94
FTXN First Trust Nasdaq Oil & Gas ETF 26 26 5.75
CARZ First Trust NASDAQ Global Auto Index Fund 25 21 4.77
FTXR First Trust Nasdaq Transportation ETF 25 18 5.51
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 25 12 4.30
FXZ First Trust Materials AlphaDEX Fund 23 10 4.48
FXN First Trust Energy AlphaDEX Fund 22 25 5.67
FXO First Trust Financials AlphaDEX Fund 22 14 5.36
FXD First Trust Consumer Discretionary AlphaDEX Fund 22 9 5.09
FAN First Trust Global Wind Energy ETF 17 3 3.92
QABA First Trust NASDAQ ABA Community Bank Index Fund 17 3 3.54
QTEC First Trust NASDAQ-100-Technology Sector IndexSMFund 16 16 5.03
FIW First Trust Water ETF 16 12 5.35
FTXO First Trust Nasdaq Bank ETF 15 5 4.12
FXL First Trust Technology AlphaDEX Fund 13 18 4.60
FTXD First Trust Nasdaq Retail ETF 13 17 3.83
FLM First Trust Global Engineering and Construction ETF 13 8 2.86
SKYY First Trust Cloud Computing ETF 12 19 4.41
FRI First Trust S&P REIT Index Fund 11 25 4.29
QQXT First Trust NASDAQ-100 Ex-Technology Sector IndexSMFund 11 12 4.13
FXH First Trust Health Care AlphaDEX Fund 9 14 3.17
FFR First Trust FTSE EPRA/NAREIT Developed Mkts Real Estate Index 8 24 3.39
FDN First Trust Dow Jones Internet IndexSM Fund 8 19 4.37
FTXL First Trust Nasdaq Semiconductor ETF 7 16 3.77
FXG First Trust Consumer Staples AlphaDEX Fund 7 9 2.73
FTXG First Trust Nasdaq Food & Beverage ETF 7 5 2.74
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund 6 23 3.35
FBT First Trust NYSE Arca Biotechnology Index Fund 4 20 3.31
FTXH First Trust Nasdaq Pharmaceuticals ETF 4 4 2.47
FXU First Trust Utilities AlphaDEX Fund 3 6 2.67

**This matrix is a relative strength ranking of the First Trust Sector ETFs. It is not used in the evaluation of the First Trust Focus Five Model or Index.

 

 

The First Trust ETF Portfolios are designed to identify major sector themes in the market place through the use of the Point & Figure relative strength tools. For more information on the portfolio construction and back testing, see the model info file on the models page.  To enter a portfolio amount and see shares to be purchased as well as modify the portfolio to your specifications, click here. (Note: The First Trust ETF Portfolios will be updated Wednesday mornings by 9:30 am EST) 

Weekly Changes:   There were no changes to any of the First Trust ETF Models this week. 

First Trust Sector Model FTRUST

ETF Name Symbol DWA Suggested Weighting Yield Date Added
First Trust Dow Jones Internet IndexSM Fund FDN 6.667% 0.0000 02/25/2009
First Trust Energy AlphaDEX Fund FXN 6.667% 3.0861 11/24/2020
First Trust Water ETF FIW 6.667% 0.4695 11/15/2016
First Trust Natural Gas ETF FCG 6.667% 2.1711 11/17/2020
First Trust Technology AlphaDEX Fund FXL 6.667% 0.0165 06/02/2015
First Trust Materials AlphaDEX Fund FXZ 6.667% 1.1495 12/01/2020
First Trust Consumer Discretionary AlphaDEX Fund FXD 6.667% 0.2172 06/02/2020
First Trust Financials AlphaDEX Fund FXO 6.667% 1.8796 01/12/2021
First Trust Industrials/Producer Durables AlphaDEX Fund FXR 6.667% 0.6342 01/12/2021
First Trust NASDAQ-100-Technology Sector IndexSMFund QTEC 6.667% 0.2981 03/11/2009
First Trust NASDAQ-100 Ex-Technology Sector IndexSMFund QQXT 6.667% 0.3183 08/09/2007
First Trust NASDAQ ABA Community Bank Index Fund QABA 6.667% 1.8304 11/10/2020
First Trust Nasdaq Transportation ETF FTXR 6.667% 0.1664 08/25/2020
First Trust Nasdaq Bank ETF FTXO 6.667% 1.7949 11/10/2020
First Trust Nasdaq Oil & Gas ETF FTXN 6.667% 1.1828 11/24/2020

* - Dates prior to 1/9/2008, which is when the First Trust Sector ETF Model Portfolio became available in the First Trust Weekly ETF Report, are representative of when the position was added to the backtested model.

First Trust Focus Five Model FTRUST5

ETF Name Symbol DWA Suggested Weighting Yield Date Added
First Trust Technology AlphaDEX Fund FXL 20.000% 0.0165 11/07/2017
First Trust Consumer Discretionary AlphaDEX Fund FXD 20.000% 0.2172 06/09/2020
First Trust Industrials/Producer Durables AlphaDEX Fund FXR 20.000% 0.6342 01/19/2021
First Trust NASDAQ-100-Technology Sector IndexSMFund QTEC 20.000% 0.2981 11/08/2016
First Trust Nasdaq Transportation ETF FTXR 20.000% 0.1664 09/08/2020

* - The next evaluation date for the Focus Five Model is Wednesday, July 7th, 2021. Dates prior to 10/20/2009, which is when the First Trust Focus Five ETF Model Portfolio became available in the First Trust Weekly ETF Report, are representative of when the position was added to the backtested model.

First Trust International Model FTRUSTINTL

ETF Name Symbol DWA Suggested Weighting Yield Date Added
First Trust Chindia ETF FNI 20.000% 0.2569 03/17/2020
First Trust BICK Index Fund BICK 20.000% 0.4060 05/16/2017
First Trust Germany AlphaDEX Fund FGM 20.000% 1.1595 05/22/2012
First Trust Switzerland AlphaDEX Fund FSZ 20.000% 1.6660 06/06/2011
First Trust India Nifty 50 Equal Weight ETF NFTY 20.000% 0.6085 04/13/2021

* - The next evaluation date for the International Focus Five Model is Wednesday, June 30th, 2021. Dates prior to 2/22/2012, which is when the First Trust International Focus Five ETF Model Portfolio became available in the First Trust Weekly ETF Report, are representative of when the position was added to the backtested model.

First Trust Size and Style Model FTSIZESTYLE

ETF Name Symbol DWA Suggested Weighting Yield Date Added
First Trust Small Cap Core AlphaDEX Fund FYX 33.333% 0.6348 01/19/2021
First Trust Small Cap Growth AlphaDEX Fund FYC 33.333% 0.1013 10/20/2020
First Trust Small Cap Value AlphaDEX Fund FYT 33.333% 0.9237 03/23/2021

First Trust Income Model FTINCOME

ETF Name Symbol DWA Suggested Weighting Yield Date Added
First Trust Large Cap Value Opportunities AlphaDEX Fund FTA 20.000% 1.5848 05/05/2020
First Trust STOXX European Select Dividend Index Fund FDD 20.000% 3.2982 12/01/2020
First Trust NASDAQ Technology Dividend Index Fund TDIV 20.000% 1.7364 05/14/2019
First Trust Dorsey Wright Momentum & Dividend ETF DDIV 20.000% 1.8990 12/22/2020
First Trust Rising Dividend Achievers ETF RDVY 20.000% 1.2729 11/12/2019

First Trust Fixed Income Model (TR) FTFIXINC.TR

ETF Name Symbol DWA Suggested Weighting Yield Date Added
First Trust Tactical High Yield ETF TR HYLS.TR 25.000% 5.3554 08/25/2020
First Trust Senior Loan Fund TR FTSL.TR 25.000% 3.1293 03/23/2021
First Trust Preferred Securities and Income ETF TR FPE.TR 25.000% 4.6909 04/21/2020
First Trust Managed Municipal ETF TR FMB.TR 25.000% 2.0965 04/20/2021

Am I better off owning the managed mutual fund or the unmanaged ETF? The table below will help you answer that question. For each of the nine major asset classes and sectors, see the Top 20 mutual funds in NAV compared to the First Trust Universe of ETFs. The results are ordered by Fund Score, from highest to lowest. The Fund Score is a snapshot of the overall health of the fund based upon relative strength versus the broad market, relative strength versus its peers, and other trend measures. Those ETFs and Funds with a score above 3 are considered solid citizens with those having scores of 4 and above ideal candidates for purchase. Those ETFs and Funds with a score below 3 should be examined closer from a technical basis as they are not holding their ground versus the market and their peer group.
 

First Trust ETF vs. Mutual Fund Analysis
Large Cap Value Large Cap Blend Large Cap Growth
Mid Cap Value Mid Cap Blend Mid Cap Growth
Small Cap Value Small Cap Blend Small Cap Growth
Sectors

 

(Click any link above to see the Fund Score of the First Trust ETFs and the funds with the largest Net Assets in that category)

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