Nasdaq Dorsey Wright

First Trust Feature

Published: June 11, 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.

Continuing the international equity theme over recent weeks, this week narrows the focus to examine the First Trust China AlphaDEX Fund (FCA).

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

Continuing the international equity theme over recent weeks, this week narrows the focus to examine the First Trust China AlphaDEX Fund (FCA). Last week’s trading saw FCA rally above the $23 level, returning the fund to a buy signal and flipping the trend back to positive. Along with the trending improvement, FCA reversed back into a column of Xs on its market RS chart against the S&P 500 Equal Weight Index (SPXEWI), suggesting near-term outperformance by the country fund. Coupled with market and peer RS buy signals that have been in place since October last year, FCA maintains a strong technical picture as is exhibited by the ETF’s 5.39 fund score.

The recent rally places the ETF in overbought territory near the top of the 10-week trading band and well above support on the default trend chart in the $17 range. Those seeking exposure to FCA may be best served by looking for chart consolidation and development of support closer to current prices in the lower $20s before considering. Near-term support may be found on the very sensitive 0.10 point per box chart in the $21 to $22 range.

Year-to-date, FCA is up more than 17% and outperforming the MSCI Emerging Markets Index by more than 6%.

FCA has been a holding within the First Trust International Focus Five Model (FTRUSTINTL) since early December 2024.

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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.