Weekly Feature | Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we look at the Invesco China Technology ETF (CQQQ).

There are no changes to any of the Invesco models this week. In last Thursday’s report, we discussed the strength of the Asia Pacific region, which currently accounts for four of the top seven groups in the Asset Class Group Scores, with China currently ranking third out of all 134 groups in the system. Those interested in adding exposure to China may wish to consider the Invesco China Technology ETF (CQQQ). CQQQ has a near-perfect 5.79 fund score, which is 0.60 points better than the average for all China-focused funds, and a positive 2.43 score direction.

On its default P&F chart, CQQQ has given four consecutive buy signals and reached a new multi-year high earlier this month. The fund has subsequently pulled back to support at $54, just below the middle of its trading band, offering an entry point for long exposure. Beyond the support at $54, CQQQ further support is afforded at $50. Year-to-date (through 10/25) CQQQ has gained 43.6% on a price return basis.

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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.