Nasdaq Dorsey Wright

There are no changes to any of the Invesco models this week.

There are no changes to any of the Invesco models this week. As we do each quarter, today we review the performance of the models covered in this report. US equities continued to advance in the third quarter as the S&P 500 (SPX) gained just under 8%. The NDW Sector Four Model (POWER4) and Invesco Sector Sevel Model (POWER7) were both up more than 6% for the quarter but trailed the benchmark. Small cap stocks outpaced their large cap counterparts as the S&P 600 Small Index (SPSML) gained more than 8.5%. The Invesco Small Cap Sector Model (POWERSMALL) outpaced the index by roughly 50 basis points, gaining 9.21% for the quarter.

International stocks also had a strong quarter as the iShares MSCI ACWI ETF (ACWI) gained more than 7.5%. The Invesco Special Opportunities Model (GUGGSO) and the DWA Global Technical Leaders Portfolio (TECHLEADERS4) outpaced ACWI, gaining 11.58% and 8.8%, respectively. The NDW Global Factor Model (GLOBALFACTOR) finished the quarter up 6.95% but lagged on a relative basis.

Commodities also had a strong quarter as precious metals continued to show strength. The Invesco Commodity Model (POWRSHARES) gained more than 10.5% for the quarter, outpacing its benchmark by almost 3.5%.

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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.