Nasdaq Dorsey Wright

With no changes to any of the iShares models this week, we look at the iShares Semiconductor ETF (SOXX).

There are no changes to any of the iShares models this week. Over the last week, the iShares Semiconductor ETF (SOXX) has pulled back with the broader tech sector, falling roughly 6% from the 52-week high it reached earlier this month. The fund now sits just above the middle of its trading band and most recent support at $235, offering a potential entry point for those interested in adding long exposure. SOXX shows a strong 5.04 fund score, which is 0.61 points better than the average for all technology and communications funds, and a positive 4.90 score direction.

On its trend chart, SOXX has given four consecutive buy signals, most recently breaking a double top at $255 earlier this month. Beyond $235, the next level of support on SOXX’s default chart sits at $200. However, the more sensitive $2-per-box chart, shows additional support at $222, a level from which the fund rallied twice in July. Year-to-date (through 8/20) SOXX has gained 13.11% on a price return basis.

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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.