Value, Retail, Finance Lead Week
Value, retail and finance tradable
funds outperformed for the week, while the tech-focused exchange-traded funds
crumbled. The ETFs also pointed to small- and mid-cap as areas of strong
performance to the rest of the market.
Among the strategy focused exchange-traded
funds, the S&P SmallCap 600 Value iShares
(
IJS |
Quote |
Chart |
News |
PowerRating) gained 16.1%
for the week, the S&P MidCap 400/Barra Value iShares
(
IJJ |
Quote |
Chart |
News |
PowerRating) 14.9%, the
Dow Jones SmallCap Value iShares
(
DSV |
Quote |
Chart |
News |
PowerRating) 14.7%, the Russell 2000 Value iShares
(
IWN |
Quote |
Chart |
News |
PowerRating) 13.2%.
In the retail area, the Cyclicals-Transportation
(
XLY |
Quote |
Chart |
News |
PowerRating) SPDR gained 12.2% for the week, the Dow Jones Consumer Cyclical
iShares
(
IYC |
Quote |
Chart |
News |
PowerRating) 7.1%.
For more on the trading action in retail and finance stocks, see my chart work in Trading
The News.
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.Â
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.