Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we look at the Invesco KBW Bank ETF (KBWB).

There are no changes to any of the Invesco models this week. Despite strong earnings from the big banks, the Invesco KBW Bank ETF (KBWB) is down a little over 5.5% over the last 30 days. However, KBWB still shows a strong 5.27 fund score, which is 2.12 points better than the average for all bank ETFs, and a positive 3.22 score direction. KBWB is now in moderately oversold territory with a weekly overbought/oversold (OBOS) reading of -32% and sits against previous support at $74, making this a potential buy-on-pullback opportunity for those interested in adding banks exposure. Beyond the current support at $74, KBWB shows additional support at $71. Year-to-date (through 10/17) KBWB has gained 13.6% on a price return basis; the fund also carries a 2.1% 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.

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