Nasdaq Dorsey Wright

With no changes to any of the Invesco models, we take a look at the Invesco S&P Equal Weight Utilities ETF (RSPU).

There are no changes to any of the Invesco models this week. While the market has been in risk-on mode over the last couple of weeks and domestic equities have regained the top spot in the DALI asset class rankings, we are still seeing relatively strength from some traditional defensive areas, like utilities. Utilities have been one of the best performing sectors in the S&P 500 this year and currently rank fourth in the DALI sector rankings.

Those looking to allocate towards this area of strength may wish to consider the Invesco S&P Equal Weight Utilities ETF (RSPU). After falling to a sell signal in April, RSPU rallied, returning to a buy signal in early May when it broke a triple top at $71. The fund has continued higher and reached a new all-time high in Friday’s trading. RSPU currently has a strong 5.63 fund score, which is 1.07 points better than the average for all utilities funds, and a positive 2.18 score direction. While it sits at an all-time high, RSPU remains in actionable territory on its 10-week trading band with weekly overbought/oversold (OBOS) reading of 51%. Year-to-date (through 5/16) RSPU has gained 10.13% on a price return basis, outperforming the S&P 500 by more than 8.5%. The fund also carries a 2.5% yield.

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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. PowerShares has arranged with Dorsey, Wright to provide this specialized ETF Point & Figure Analysis page on PowerShares sponsored products. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included herein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither Dorsey, Wright nor PowerShares through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations, and rules including NASD Rules 2090 and 2111. The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or PowerShares. If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the PowerShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.powershares.com.