Tech ETFs Forge Higher
Tech-focused ETFs led their peers
again Monday as the market followed through on Friday’s follow-through rally.
There was encouraging action in some of the rate-sensitive tradable funds as
well.
The Qubes
(
QQQ |
Quote |
Chart |
News |
PowerRating) jumped 9.4%, the day’s sharpest gain among the
funds. The Qubes track the Nasdaq 100 Index. Among the other
index shares, the Spyders
(
SPY |
Quote |
Chart |
News |
PowerRating), which follow the S&P 500, rose 3.5%.
The Diamonds
(
DIA |
Quote |
Chart |
News |
PowerRating), which track the Dow Jones industrial average, improved
3.0%, the Russell 2000 iShares
(
IWM |
Quote |
Chart |
News |
PowerRating) 4.6%.
The Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating)
advanced 8.5%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 7.1%, the B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
6.8%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 6.7%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating)
4.7%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 4.5%, the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 3.7%.
Among the rate-sensitive ETFs, the Dow
Jones Financial Services iShares
(
IYG |
Quote |
Chart |
News |
PowerRating) tacked on 2.9%, the Dow Jones Financial
iShares
(
IYF |
Quote |
Chart |
News |
PowerRating) 1.5%, the Regional Banking HOLDR
(
RKH |
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.
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