Nasdaq Dorsey Wright

This week, there is a change in the GUGGSECT Model as RYH has been removed.

This week, we have a change in the Guggenheim Equal Weight Sector Model GUGGSECT. The Guggenheim S&P Equal Weight Health Care ETF RYH has been removed from the Model. This Model is designed to target exposure to the Guggenheim Equal Weight Sector ETFs that are demonstrating positive Relative Strength versus the Model benchmark, the Guggenheim S&P 500 Equal Weight ETF RSP. Each week we monitor 10 Relative Strength charts for each ETF in the Model's universe versus the RSP. As a result of the most recent market action, RYH reversed into O's versus the RSP, warranting its removal from the Model.

RYH had been a holding in the GUGGSECT Model since 2/19/2014. Over that timeframe, RYH posted a gain of 24.99% while the S&P 500 Index SPX was up 23.42% (through 12/12/2016). Looking at the trend chart of the RYH below, we find that after coming within just 2.5% of its all-time high in August, the chart pulled back significantly, breaking a double bottom at $142 in November. Additionally, it has seen considerable deterioration in its fund score which is now 1.45, down from 5.65 on 2/19/2014. As a result of this change, the GUGGSECT Model has five holdings equally weighted at 20% each. The Model maintains exposure to the following sectors: Consumer Discretionary, Energy, Technology, Utilities, and Real Estate.

The performance numbers above a price return is not inclusive of dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss.

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**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. Guggenheim Investments has arranged with Dorsey, Wright to provide this specialized ETF page on Guggenheim Investments sponsored products. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included herein (the "ETF Data"), are created and provided solely by Dorsey, Wright & Associates. Such ETF Data should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security. ETF Data and other materials appearing on this Site are believed by Guggenheim Investments to be obtained from reliable sources, but Guggenheim Investments cannot guarantee and is not responsible for their accuracy, timeliness, completeness, or suitability for use. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither Dorsey, Wright nor Guggenheim Investments through this ETF page provide investment, legal or tax 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). You alone will bear the sole responsibility of evaluating the merits and risks associated with the use of ETF Data before making any decisions based on the ETF Data. You agree not to hold Guggenheim Investments or Dorsey, Wright liable for any possible claim for damages arising from any decision you make based on the ETF Data. 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 Guggenheim Investments. If you are not familiar with the 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 Guggenheim Investments products, or Exchange Traded Funds (ETFs), we suggest you visit www.GuggenheimInvestments.com.