Tech, Net ETFs Advance, Defensives Weaken
The tech and Internet tradable funds
led their peers Tuesday while money rotated out of defensive stocks, lowering the
pharmaceutical and consumer staples exchange-traded funds.
The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) rose
8.6%, the day’s sharpest gain among the exchange-traded
funds. The Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating) picked up 6.5%, the
Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 5.5%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating)
5.5%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 5.3%, the Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating)
4.6%, the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 4.3%, the Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating)
4.1%.
The Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) was the
odd man out among the tech-focused ETFs. It lost 2.8%. The Dow Jones Healthcare
iShares
(
IYH |
Quote |
Chart |
News |
PowerRating) gave up 2.2%, the Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating) 2.2%, the
Consumer Staples SPDR
(
XLP |
Quote |
Chart |
News |
PowerRating), the Dow Jones Consumer Non-Cyclical iShares
(
IYK |
Quote |
Chart |
News |
PowerRating)
1.7%.
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.