Noncommittal ETFs
It was a mixed bag Tuesday. A few of
the tradable tech funds got an oversold bounce from their components, but the
market action broke or made little in the way of precedents.
The Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating)
rose 2.8%, the day’s biggest gain among the exchange-traded
funds. The security got a lift from bounces in Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating)
and Dell Computer
(
DELL |
Quote |
Chart |
News |
PowerRating).
The Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) rose 2.7%,
the Dow Jones Large-Cap Growth Fund
(
ELG |
Quote |
Chart |
News |
PowerRating) 2.3%, the Utility HOLDR
(
UTH |
Quote |
Chart |
News |
PowerRating)
2.1%, the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) 1.9%.
On the downside, the Regional Banking
HOLDR
(
RKH |
Quote |
Chart |
News |
PowerRating) lost 1.8%, the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating) 1.7%, the Dow Jones
Financial iShares
(
IYF |
Quote |
Chart |
News |
PowerRating) 1.6%, the Dow Jones Financial Services iShares
(
IYG |
Quote |
Chart |
News |
PowerRating)
1.5%.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. 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.