Tech ETFs Come Alive
The explosive rally in tech stocks
Tuesday launched a spate of the tech-focused tradable funds to double-digit
gains. Dovish comments from Alan Greenspan also made for robust moves in the
financial ETFs.
The B2B Internet HOLDR exploded 25.6%
on powerful volume, notching the day’s sharpest gain among the exchange-traded
funds. The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) did nearly as well,
jumping 23.7%,
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. In cases where the displayed security has traded long enough, the top field also
will exhibit a 200-day moving price average in black. In the second field, a
blue relative strength line represents the displayed security’s price
performance relative to the S&P 500. The third field displays vertical daily
volume bars in black with a 50-day moving average in blue for volume.
The Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
17.4%, the Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating) 12.8%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating)
12.4%, the Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 11.4%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating)
11.3%, the Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 11.0%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating)
10.0%, the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 9.4%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) 8.0%.
Among the rate sensitives, the Dow
Jones Financial iShares
(
IYF |
Quote |
Chart |
News |
PowerRating) moved ahead 5.3%, the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating)
5.0%, the Dow Jones Financial Services iShares
(
IYJ |
Quote |
Chart |
News |
PowerRating) 4.7%, the Regional
Banking HOLDR
(
RKH |
Quote |
Chart |
News |
PowerRating) 4.0%.
If you’re new exchange-traded funds,
be sure to visit TradingMarkets’ Knowledge Center,
dedicated to explaining the basics of trading and active investing in ETFs and
mutual funds. Just click on the Funds tab
near the top of this page, then click on the Knowledge
Center tab.Â
You also will find lessons on trading
exchange-traded funds in the Stocks Education area of TradingMarkets.com. In
particular, check out my three-part series on trading ETFs, starting with
Average Crossovers. I also recommend newcomers read my tutorial,
HOLDRs: Unique Opportunity And Risk.