Nasdaq Dorsey Wright

First Trust Feature

Published: August 6, 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.

With the first month of Q3 wrapping up last week, investors may have been surprised to see Utilities as the best performing broad sector.

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

With the first month of Q3 wrapping up last week, investors may have been surprised to see Utilities as the best performing broad sector, outpacing rallies within Industrials and Technology. Within the First Trust ETF lineup, the First Trust Utilities AlphaDEX Fund (FXU) gained 4.9% and outperformed the S&P 500 Index (SPX) by more than 2.5% during July. The fund has maintained a buy signal since the latter part of April, completing a second buy signal by breaking a double top at $43.50 during July. Action at the beginning of August brought the fund to a new all-time chart high at $45.50.

FXU maintains a fund score of 4.61, which is higher than the average score for the Utilities group (4.35), and the ETF has sustained a fund score above 4 for more than 12 months. Recent action has brought the chart of FXU into overbought territory, so those seeking exposure to the fund will look for a pullback to the lower $44 to upper $43 range before adding. Initial support can be found on the default chart at $41.50, while additional support can be found at $39.50 and $38, the bullish support line.

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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.