Nasdaq Dorsey Wright

There are two changes to the iShares Tactical Model (ISHRTACTICAL) this week.

There are two changes to the iShares Tactical Model (ISHRTACTICAL) this week: sell the iShares US Regional Banks ETF (IAT) and buy the iShares COMEX Gold Trust (IAU) and sell the iShares US Core Bond ETF (AGG).

AGG was sold because the S&P 500 (SPX) reversed up against AGG on its 3.25% relative chart, showing short-term relative strength for US equities over fixed income. AGG had a 30% weighting in the portfolio, with its removal the portfolio will be absorbed by the remaining holdings, which be rebalanced to equal weighting.

IAT was sold because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the model. In its place, the model added IAU as it was the highest-ranking fund in the matrix that was not already in the portfolio. IAU currently has a favorable 4.92 fund score, which is 0.58 points better than the average for all precious metals funds. On its default chart, IAU has completed seven consecutive buy signals and sits one box away from reaching a fresh all-time high. Year-to-date (through 5/7) IAU has gained 28.49%. In addition to IAU, the model also has exposure to software, the S&P 500, aerospace & defense, broker dealers & securities exchanges, industrials, insurance, and consumer discretionary. Year-to-date (through 5/7) ISHRTACTICAL is down -1.68% on a price return basis, while SPX is down -4.26%.

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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.