Nasdaq Dorsey Wright

With no changes to any of the iShares models this week, we look at the iShares North American Tech-Software ETF (IGV).

There are no changes to any of the iShares models this week. Within the last week, domestic equities have reclaimed the top spot in the DALI asset class rankings and technology has moved up to fourth place in the DALI sector rankings. Since the beginning of June, technology added 23 buy signals to its tally in the DALI rankings, making it the most improved sector over that period. Those looking to add exposure to the sector may wish to consider the iShares North American Tech-Software ETF (IGV).

IGV currently has a near-perfect 5.71 fund score, which is 1.39 points better than the average for all technology & communications funds, and a positive 2.73 score direction. On its default chart, the fund has completed two consecutive buy signals and now sits one box below the all-time it reached in late 2024. IGV’s five largest holdings are Oracle Corp (ORCL), Microsoft Corp (MSFT), Palantir Technologies (PLTR), Salesforce Inc (CRM), and Intuit Inc (INTU). Combined, those account for more than 40% of the fund and four of the five (excluding CRM) have a 5 for 5 technical attribute rating.

While IGV is now closing in on its all-time high, the fund remains in actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 55%. Year-to-date (through 7/2) IGV has gained 8.68% on a price return basis, while the S&P 500 (SPX) is up 5.88%.

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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.