There are no changes to any of the Invesco models this week. In trading earlier this month, the Invesco Dynamic Building & Construction Portfolio PKB gave a fourth consecutive buy signal when it completed a bullish catapult at $41.50, also marking a new all-time high for the fund. PKB currently has a favorable 4.63 fund score, which is 0.95 points better than the average for all infrastructure funds. PKB tracks an index that is comprised of securities of 30 US building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports (Source: Invesco). Year-to-date (through 12/24) PKB has gained 25.86% on a price return basis, outpacing the S&P SPX which is up 14.62% over the same period.

Despite sitting at an all-time high on its default chart, PKB remains in actionable territory with a weekly overbought/oversold (OBOS) reading of 44%, so those interested in adding exposure may be do so here. PKB has most recently found support at $39.50, with multiple additional levels of support in the $30s.

The distribution curve places each ETF on a bell curve according to their respective degrees of overbought or oversold status using a 10-week distribution. ETFs that are statistically oversold will appear on the left-hand side of the bell curve, while those that have become statistically overbought will appear on the right-hand side of the bell curve. Perhaps the most useful attribute of this feature is that it displays the entire universe on the curve at one time to give us a general picture of whether the Invesco ETF universe is generally overbought on a near-term basis, or generally oversold. Our best opportunities are to buy strong relative strength ETFs that have regressed back toward mean conditions based on market weakness, or have become oversold based upon extreme market weakness. Weekly Distribution is a short-term gauge that is most helpful in timing entry and exit points, while the longer-term information of trend and relative strength is a more controlling factor in the decision of whether to buy or sell.

Average Level

58.15

									PDP
									phb
									eny
									PSL
									pxi
									RCD
									picb
									ryf
									PPA
									pxj
									PJP
									pzt
									pcy
									dbe
									PRN
									dbo
								kbwy	KBWD
								pey	PSI
								PWB	PFI
							rhs	pkb	RYT
							PFM	pgx	cvy
							pgj	RPV	dba
							PNQI	pbj	pid	csd
							DEF	piz	pxh	pza
							adre	RGI	PTH	pxf	PBW
							pgf	PHO	DBB	PKW	pin
							pbp	rye	PTF	rfv	PRFZ
							DBV	rtm	pyz	TAN	pzd
							RYH	pwz	pez	pdn	PBS
						DGL	XLG	rzv	cut	RFG	RYJ
						psr	pio	RSP	pie	PSJ	PXQ
						gsy	DBS	RPG	dbc	EWMC	ewsc
					plw	cqqq	CZA	UDN	PEJ	pbe	RZG
		UUP	ryu	pui	pvi	DBP	CGW	PRF	psp	PWC	PBD
<--100	-100--80	-80--60	-60--40	-40--20	-20-0	0-20	20-40	40-60	60-80	80-100	100->

Legend:

• UPPERCASE indicates that the RS chart is on a buy signal.
• lowercase indicates that the RS chart is in a sell signal.
• GREEN lettering indicates the ETFs trend chart is on a buy signal.
• RED lettering indicates the ETF is on a sell signal.
• Box Color indicates the Sector Status Rating. Green = Favored, Yellow = Average, and Red = Unfavored.

The table below is a review of important technical data on a select group of Invesco ETFs. Significant changes within the past week are highlighted in Green if positive or Red if negative. This portfolio is designed to be used as a "radar" screen to bring your attention to potentially important technical changes that may require your attention and potential action. Below this week's featured portfolio is the ability to see other Invesco portfolios including Market, Sector, International, Dynamic family, and RAFI family. 

* - Dates prior to 1/24/2011, which is when the Invesco Sector Seven ETF Model Portfolio became available in the Invesco Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 6/1/10, which is when the Invesco Small Cap Sector Model ETF Portfolio became available in the Invesco Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 6/7/13, which is when the DWA Global Technical Leaders Portfolio became available in the Invesco Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 8/31/15, which is when the Invesco Multi Factor Global Equity Model became available in the Invesco Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 10/14/08, which is when the Invesco Special Opportunities Model ETF Portfolio became available in the Invesco Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 8/15/2017, which is when the Invesco Dynamic Equal Weight Sector Model became available in the Invesco Weekly ETF Report, are representative of when the position was added to the backtested model.