Weekly Feature | Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we look at the Invesco Nasdaq Internet ETF (PNQI).

There are no changes to any of the Invesco models this week. Technology is currently the strongest area of the US equities market, leading the DALI sector rankings. The closely related communications services sector ranks a close second with a more than 30-signal lead over the third-place industrials sector. Those looking to add exposure to technology & communications may wish to consider a current opportunity in the Invesco Nasdaq Internet ETF (PNQI).

After forming a double top, PNQI gave a broke a double bottom at $54 and, in last week’s trading, reversed up into a column of Xs, entering the action phase of a shakeout pattern, which would be completed with a triple top break at $57. A move to $50 would nullify the potential shakeout pattern, so short-term investors could use this as a potential stop loss. Further support can be found at $48. PNQI currently has a strong 4.78 fund score, which is 1.25 points better than the average for all internet funds. Year-to-date (through 11/28) PNQI has gained 15.89% 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.