Net ETFs Lead Tech Rally

  • October 31, 2000
  • Loren Fleckenstein

The Nets led the tradable techs
higher, while the high volume rally in equities lifted sectors, tech and
non-tech, across the board.

The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
rose 13.7%, the day’s
sharpest gain among the exchange-traded
funds. 

Among the basket’s largest components,
the BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating) rallied 13.1%, Exodus Communications
(
EXDS |
Quote |
Chart |
News |
PowerRating) 22.6%,
Verisign
(
VRSN |
Quote |
Chart |
News |
PowerRating) 11.9%.

The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
gained 11.0%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 10.5%, the Dow Jones Internet
iShares
(
IYB |
Quote |
Chart |
News |
PowerRating) 9.6%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 9.3%, the Nasdaq 100
Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 6.5%, the Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating) 6.2%,
the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 5.9%.

Old Economy and cyclical stocks and
their ETFs joined in upside. The Dow Jones Chemical iShares
(
IYD |
Quote |
Chart |
News |
PowerRating) moved
ahead 8.4%, the Cyclical-Transportation SPDR
(
XLY |
Quote |
Chart |
News |
PowerRating) 4.5%, the Industrial SPDR
(
XLI |
Quote |
Chart |
News |
PowerRating) 3.7%, the Dow Jones Consumer Cyclical iShares
(
IYC |
Quote |
Chart |
News |
PowerRating) 3.5%.

If you’re new to 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. 

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 href=”/.site/stocks/education/strategies/05262000-6129.cfm”>Moving
Average Crossovers. I also recommend newcomers read my tutorial, href=”/.site/stocks/education/strategies/06272000-6815.cfm”>Trading
HOLDRs: Unique Opportunity And Risk.