Nasdaq Dorsey Wright

First Trust Feature

Published: April 30, 2025

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.

Among the higher scoring ETF within the Aerospace Airline industry is the First Trust Indxx Aerospace & Defense ETF [MISL].

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

Currently the only NDW Sector/Industry Group (among 40) that sees both its bullish percent (BP) above 50% and positive trend (PT) in a column of Xs is the Aerospace Airline industry. Among the higher scoring ETFs within the industry is the First Trust Indxx Aerospace & Defense ETF MISL which possesses a strong 5.32 fund score and outpaces funds within the broader cyclical sector (2.97) and all US listed funds (2.93). The ETF’s fund score increased earlier this month after moving into a column of Xs on its market RS chart against the S&P 500 Equal Weight Index (SPXEWI), suggesting a near-term trend of outperformance. Action this week on the trend chart saw MISL return to a buy signal by breaking a double top at $31.50, completing a bearish signal reversal pattern, and moving above major moving averages.

Those seeking exposure to the Aerospace industry could consider MISL here on the breakout or on a pullback to the middle of the 10-week trading band at $30. Note that resistance lies at $32.50 and $34, the funds all-time chart high from November last year. Initial support on the default chart can be found at $26.50, the bullish support line and April chart low. Support close to current prices can be found on the more sensitive 0.25 point per box chart at $29.25 and $27.50.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. First Trust has arranged with Dorsey, Wright to provide this specialized ETF page on the First Trust ETFs. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included therein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including First Trust ETF shares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither First Trust nor Dorsey Wright through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations and rules, including NASD Rules 2090 and 2111 (Know Your Customer). The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or First Trust. If you are not familiar with Point & Figure methodology, we suggest you read “Point & Figure Charting, 4th Edition” by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the First Trust ETF product, or Exchange Traded Funds (ETFs), we suggest you visit www.ftportfolios.com.