Nasdaq Dorsey Wright

Though US Equities have rebounded since the beginning of May, International Equity indices have managed to outpace.

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

Though US Equities have rebounded since the beginning of May, international equity indices have managed to outpace the US, with emerging markets leading developed in the short term. Developed market funds, especially within Europe, generally maintain higher scores than their emerging market counterparts, and as a broader barometer for the space, today’s piece will look at the First Trust Developed Markets Ex-US AlphaDEX Fund FDT.

FDT is up roughly 1.7% since the beginning of May, leading the trend chart to return to a buy signal upon the double top break at $62, a 52-week high. The breakout also marks a return to a positive trend leading to an uptick in fund score to 4.74, which is stronger than the average score for a Non-US Equity fund (3.92).

Those seeking developed market exposure could consider FDT here on the breakout or on a pullback toward the middle of the 10-week trading band at $58. Support on the default chart lies at $51 and $52, the bullish support line, while additional support may be found closer to current prices on the more sensitive 0.50 point per box chart at $54.50.

Year to date, FDT is up over 14%, and the fund maintains a current yield north of 3%.

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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.