Relative Strength Delta
The tech-focused took a deserved
pullback Friday following this week’s gains, which decidedly rearranged the
short- and intermediate-term relative strength picture.
The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
advanced 27.2% for the week, the week’s biggest gain among the exchange-traded
funds. That shifted its one-week relative strength on the TradingMarkets FundScanner to 97 vs. a three-month RS of 5 and six-month RS of 2. The FundScanner universe
consists of exchange-traded and mutual funds.
Its components include
Akamai Technologies
(
AKAM |
Quote |
Chart |
News |
PowerRating), BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating), Exodus Communications
(
EXDS |
Quote |
Chart |
News |
PowerRating), Real Networks
(
RNWK |
Quote |
Chart |
News |
PowerRating) and Verisign
(
VRSN |
Quote |
Chart |
News |
PowerRating).
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The Internet Architecture
HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating) rose 17.8% for the week, giving it a one-month RS of 95 vs. a
three-month RS of 15 and a six-month RS of 14. The Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating)
gained 16.9% the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) 16.6%, the Dow Jones Technology
iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 15.6%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 15.2%, the Dow Jones
Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 14.9%, the Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 13.1%,
the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 13.1%.
