Nasdaq Dorsey Wright

With no changes to any of the iShares models this week, we look at the iShares Dow Jones US Financial Services ETF (IYG).

There are no changes to any of the iShares models this week. After giving two consecutive sell signals and pulling back more than 20% from its peak, the iShares Dow Jones US Financial Services ETF (IYG) returned to a buy signal this week when it broke a triple top at $76. Despite the recent weakness in US equities, IYG has a favorable 4.87 fund score, which is 1.61 points better than the average for all financial services funds. The fund has outperformed the broad US equities market as the fund is down 3% year-to-date (through 4/23) while the S&P 500 (SPX) is down roughly 8.5%. Meanwhile, financials currently sit in second in the DALI sector rankings behind communication services.

While IYG has rebounded more than 10% from its April low, the fund remains in moderately oversold territory on its 10-week trading band, making it actionable at current levels; the fund has also established multiple levels of support in the mid $60s through low $70s.

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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.