Nasdaq Dorsey Wright

There is a change to the First Trust Thematic Focus Five Model (Total Return) (FTTHEME5.TR) this week; sell RBLD, buy SKYY.

There is a change to the First Trust Thematic Focus Five Model (Total Return) (FTTHEME5.TR) this week.

The change this week involves the removal of the First Trust Alerian US NextGen Infrastructure (RBLD.TR), which fell below the sell threshold within the Model’s total return relative strength matrix. Prior to being removed on this evaluation, RBLD had been a holding since the Model’s inception in September 2023, adding 40% on a total return basis while a holding (9/13/2023 – 7/8/2025). In its place, the Model is adding the First Trust Cloud Computing ETF (SKYY)/(SKYY.TR).

On both the default pure price and total return price point and figure charts for the ETF, SKYY returned to a buy signal in April and has rallied to chart levels not seen since February. Positive near- and long-term market and peer relative strength places SKYY with a strong fund score of 5.61, outscoring the average score for a fund within the Technology (4.37) and US Large Cap Growth (4.29) groups.

With the change, the Thematic Focus Five Model (FTTHEME5.TR) will rebalance the five holdings to equally weighted at 20%. The Model now maintains exposure to themes from the Internet – both US and International – along with Cybersecurity, Streaming and Gaming, and Cloud Computing.

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