There are no changes to any of the Invesco models this week. Year-to-date (through 6/25) value is the best performing factor in our factor ETFs quilt; ranking second is buyback, which is represented by the Invesco Buyback Achievers ETF PKW. PKW tracks an index that is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months (Source: Invesco).

PKW currently has a strong 5.67 fund score, and a positive 0.56 score direction. On its default chart, the fund has given eight consecutive buy signals and reached a new all-time high earlier this month, before pulling back to the middle of its trading band. Year-to-date (through 6/25) the fund has returned 23.38% on a price return basis, outperforming the S&P 500 SPX, which has gained 13.97%, by more than 9%. PKW also carries a 1.1% yield.

A weekly overbought/oversold (OBOS) reading of 17% puts PKW well within actionable territory, so those interested in adding or increasing exposure can do so here. PKW has most recently found support at $87, with further support at $81.

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

16.49

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

9

* - 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.