Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we look at the Invesco S&P 500 Momentum ETF (SPMO).

There are no changes to any of the Invesco models this week. Momentum strategies struggled earlier in the year, but the Invesco S&P 500 Momentum ETF (SPMO) has found its footing recently, outpacing the market during the rebound from the April sell-off. While the S&P 500 remains about 2% below the all-time high it reached earlier this year, SPMO set a new high watermark last month. SPMO currently has a near-perfect 5.85 fund score, which is 1.54 points better than the average for all S&P 500 funds, and a positive 1.45 score direction.

On its default chart, SPMO returned to a buy signal in late April and has continued higher in a single of column Xs. As a result, it now sits more than 20% from its nearest level of support. However, on its more sensitive $0.50-per-box chart, SPMO has recently found multiple levels of support in the $102 to $105.50 range. SPMO remains in actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 63% but is verging on heavily overbought territory. Year-to-date (through 6/6) SPMO has gained 12.54% on a price return basis, outperforming the S&P 500 by more than 10%.

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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.