Weekly Feature | Nasdaq Dorsey Wright

There are no changes to any of the iShares models this week.

There are no changes to any of the iShares models this week. As discussed in Tuesday’s report, We have recently seen strength in emerging markets as the iShares Emerging Markets ETF EEM has outperformed the S&P 500 SPX over the last month and the average score of the emerging markets group has moved above 4.0. From a geographical perspective, Asian pacific countries have been one of the major drivers of the recent strength of emerging markets.

In trading earlier this month, the iShares MSCI South Korea ETF EWY gave a fifth consecutive buy signal when it broke a triple top at $68, marking a new 52-week high for the fund and a recent flip to positive weekly momentum is a positive sign of its potential for additional upside. EWY has a near-perfect 5.79 fund score, 2.46 points better than the average for all non-US equity funds, and a positive 3.66 fund score direction. Year-to-date (through 10/28) EWY has gained 6.18% on a price return basis. The fund also carries a 1.98% yield.

Despite sitting at a 52-week high, EWY remains well within actionable territory with a weekly overbought/oversold reading of 10%, so those interested in adding exposure may do so here. EWY has most recently found support at $63, with additional support found at $62.

Back to report

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. BlackRock sponsors the Dorsey Wright iShares ETF Models. However, analysis, models and recommendations are created and provided solely by Dorsey, Wright & Associates (Dorsey Wright). Neither BlackRock, BlackRock Advisors and its affiliates, nor SEI Investments Distribution Co. or its affiliates (SEI) are affiliated with Dorsey Wright. Neither BlackRock nor SEI provides investment advice or recommendations regarding any security, fund or market. Analysis, models and recommendations should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including iShares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. No individual risk management tools are used in maintaining this model. This model may not be suitable for all investors. As the investment professional making the final decision with respect to allocations, remember to adhere to NASD Rules 2090 and 2111 (formerly NYSE Rule 405, Know Your Customer). The percentage of the portfolio devoted to any iShares strategy, as well as final individual weightings are at the sole discretion of the financial advisor and not Dorsey, Wright & Associates, BlackRock or SEI Investments Distribution Co. or its affiliates (SEI) . If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey or visit the PnF University at www.dorseywright.com. If you are not familiar with the iShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.ishares.com for more information.