Weekly Feature | Nasdaq Dorsey Wright

With no changes to any of the Invesco models, we look at the Invesco Wilderhill Clean Energy ETF (PBW).

There are no changes to any of the Invesco models this week. While the energy sector remains in underweight territory in the DALI sector rankings, we continue to see relative strength from clean energy. After giving two consecutive sell signals, the Invesco Wilderhill Clean Energy ETF (PBW) returned to a buy signal late last month with a double top break at $31. The fund also recently reversed into a column of Xs on relative strength chart versus the S&P 500 Equal Weight Index (SPXEWI), once again demonstrating short-term relative strength versus the market.

PBW currently has a strong 5.64 fund score, which is 1.99 points better than the average for all energy and natural resources funds, and a positive 3.44 score direction. While PBW is up almost 15% off its November low, the fund remains well within actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of -6.75%. Year-to-date (through 12/12) PBW has gained 58.32% on a price return basis. The fund is also a current holding in the Invesco Sector Seven Model (POWER7) after being added in November.

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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.