Weekly Feature | Nasdaq Dorsey Wright

There is a change to the Invesco Sector Seven Model (POWER7) this week.

There is a change to the Invesco Sector Seven Model (POWER7) this week: buy the Invesco Next Gen Connectivity ETF (KNCT) and sell the Invesco Nasdaq Dorsey Wright Industrials Momentum ETF (PRN). PRN was sold because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the portfolio. In its place, the model added KNCT as it was the highest-ranking fund in the matrix that was not already a holding in the model.

KNCT currently has a strong 5.67 fund score, which is 1.84 points better than the average for all technology and communications funds, and a positive 2.28 score direction. On its default chart, the fund has completed two consecutive buy signals and reached an all-time high in last month’s trading. Year-to-date, (through 11/24) KNCT has gained 20.17% on a price return basis.

In addition to KNCT, POWER7 also has exposure to aerospace & defense, clean energy, internet, media & gaming, and semiconductors. Year-to-date, POWER7 has gained 4.69%.

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DISCLOSURE

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