Tech, Utility ETFs Soften
Friday,
the
tech-focused exchange-traded funds pulled back, but the price moves
remain within normal volatility ranges.
The Internet
Infrastructure HOLDR (IIH)
gave up 3.7%, the day’s biggest loss among the exchange-traded funds.
The Broadband HOLDR (BDH)
lost 3.6%;
the Software HOLDR (SWH),
2.7%;
the
Dow Jones Internet iShare (IYV)
2.3%;
the Internet Architecture HOLDR (IAH)
2.3%;
the Internet HOLDR (HHH)
2.1%;
the Technology SPDR (XLK)
2.0%.
The Dow Jones
Utilities iShares (IDU)
fell 2.3%;
the
Utility HOLDR (UTH)
1.9%.
All stocks are
risky. In any new trade, reduce your risk by limiting your position
size and setting a protective price stop where you will sell your new
buy or cover your short in case the market turns against you. For an
introduction to combining price stops with position sizing, see my
lesson, Risky
Business.