Weekly Feature | Nasdaq Dorsey Wright

Weekly Feature

Published: June 1, 2026

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

With no changes to any of the Invesco models this week, we look at the Invesco Semiconductors ETF (PSI).

There are no changes to any of the Invesco models this week. Technology moved into the number one spot in the DALI sector rankings last week, overtaking energy. Meanwhile, semiconductors rank first out of the 41 constituents in the NDW group matrix. Investors looking to increase their semiconductors exposure considering this relative strength should consider the Invesco Semiconductors ETF (PSI).

PSI currently has a near-perfect 5.95 fund score, which is 1.48 points better than the average for all technology & communications funds, and a positive 1.45 score direction. After briefly falling to a sell signal last month, PSI returned to a buy signal with a double top break at $156 and continued higher, notching a new all-time high at $164. The fund has subsequently pulled back to mid-$150s.

Even with the recent pullback, PSI remains heavily overbought with a weekly overbought/oversold (OBOS) reading of 82%; however, the fund is less overbought than the market at large as the S&P 500 (SPX) currently has a weekly OBOS reading of 92%. Year-to-date, (through 5/29) PSI has gained 97% 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.