Weekly Feature
Published: December 10, 2020
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 no changes to any of the iShares models this week, we take a look at the iShares US Basic Materials ETF (IYM).

There are no changes to any of the iShares models this week. Last week, the basic materials sector moved into the top four spots in the DALI domestic equity rankings. Those looking to take advantage of the strength of this sector should consider the iShares US Basic Materials ETF IYM. IYM currently has a favorable 4.15 fund score, 0.18 points better than the average for all materials sector funds. On its default chart. IYM has given four consecutive buy signals and sits one box away from giving a fifth with a double top breakout at $114. Which would also mark a new all-time high for the fund. Year-to-date (through 12/9) the fund gas generated a price return of 14.63%. With weekly overbought/oversold reading of 69%, IYM is verging on heavily-overbought territory, so those interested in adding exposure should may be best served to do so on a slight pullback. IYM has most recently found support at $106, with additional support found at $95.  

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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. 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.