Tech ETFs Retreat For Week
The tradable techs sagged anew Friday
as stronger-than-expected job growth touched off a round of profit-taking,
extending their losses for the week and ceding the winner’s circle to the Old
Economy.
The Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) lost
12.3% for the week, the sharpest loss for the period among the exchange-traded
funds. The Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) slid 10.2%, the
Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 10.0%, the B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
6.4%, the Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating) 6.3%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating)
6.0%.
On the upside for the week, the Dow
Jones Chemical iShares
(
IYD |
Quote |
Chart |
News |
PowerRating) gained 5.4%, the Dow Jones Basic Materials iShares
(
IYM |
Quote |
Chart |
News |
PowerRating)
5.0%, the Basic Industries SPDR
(
XLB |
Quote |
Chart |
News |
PowerRating) 4.4%, the Cyclicals-Transportation
SPDR
(
XLP |
Quote |
Chart |
News |
PowerRating) 3.5%.
Among the broad-based ETFs, the Nasdaq
100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) lost 6.2% for the week. The Dow Jones Diamonds
(
DIA |
Quote |
Chart |
News |
PowerRating)
gained 1.9%.
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.
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.
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.