First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: March 18, 2026

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.

Today, we highlight the First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID).

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

Among the First Trust funds with notable performance to kick off 2026 is the First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID), which has gained 10% through Tuesday’s (3/17) close and outperforming the S&P 500 Index (SPX) by roughly 11%. On the default trend chart, GRID has maintained a buy signal and positive trend since April 2025. Action starting 2026 brought about a second buy signal as the fund rallied to an all-time chart high at $178 in February. March kicked off with a reversal down into Os before action last week brought the chart back into a column of Xs to $170. GRID has maintained near and long-term positive relative strength versus the market since May of last year, which along with the positive trend picture, brings the ETF’s fund score to a near perfect 5.72 (out of 6), which is stronger than the average score for a fund within the Infrastructure (4.22) group. Okay to consider here on the recent reversal up to the mid $170s. Initial support lies at $162, while additional can be found at $146. GRID has been a part of the First Trust Thematic Focus Five Model (FT5THEME.TR) since February of this year.

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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.