There are changes to two Invesco models this week.

There are changes to two Invesco models this week. The NDW Sector 4 Model (POWER4) sold the Invesco NDW Basic Materials Momentum ETF (PYZ) and bought the Invesco NDW Technology Momentum ETF (PTF). PYZ was sold because materials dropped out of the top four in the model’s relative strength sector rankings. In its place, the model PTF as technology has moved into the top four in the rankings. PTF currently has a near-perfect 5.92 fund score, which is 1.89 points better than the average for all technology and communications funds, and a positive 3.94 score direction. On its default chart PTF returned to a buy signal and a positive trend in early April. The fund currently trades near its all-time high and sits one box away from giving a second consecutive buy signal with a double top break at $112. Year-to-date (through 5/1), PTF has gained 48.94% on a price return basis. In addition to PTF, POWER4 also has exposure to energy, industrials and utilities. Year-to-date, POWER4 has gained 20.90%.

The Invesco Dynamic Equal Weight Sector Model (GUGGEWSECT) sold the Invesco S&P Equal Weight Utilities ETF (RSPU) and bought the Invesco S&P Equal Weight Technology ETF (RSPT). RSPU was sold because utilities fell out of the top three in the model’s relative strength sector rankings. In its place, the model added RSPT as technology has moved into the top three in the rankings. RSPT currently has a near-perfect 5.80 fund score and a positive 0.98 score direction. On its default chart, RSPT returned to a buy signal and a positive trend in early April when it broke a quintuple top at $47.50. Year-to-date, RSPT has gained 19.23% on a price return basis. In addition to RSPT, GUGGEWSECT also has exposure to energy and industrials. Year-to-date, the model has gained 7.80%.