Weekly Feature | Nasdaq Dorsey Wright

There is a change to the Invesco Power 4 Model (POWER4) this week.

There is a change to the Invesco Sector 4 Model (POWER4) this week: sell the Invesco Nasdaq Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) and buy the Invesco Nasdaq Dorsey Wright Basic Materials Momentum ETF (PYZ). PEZ was sold because consumer cyclicals fell out of the top four in the model’s sector rankings. In its place, the model added PYZ as basic materials has moved into the top four in the rankings. PYZ currently has a favorable 4.11 fund score, which is 0.77 points better than the average for all materials funds, and a positive 3.49 score direction. On its default chart, PYZ has completed two consecutive buy signals and reached a new all-time high last month before pulling back to the middle of its trading band. Year-to-date (through 10/31) PYZ has gained 20.68% on a price return basis.

In addition to PYZ, POWER4 also has exposure financials, industrials, and technology. Year-to-date, POWER4 has gained 5.12% on a price return basis.

Back to report

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.