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JimVanMeerten (63.19)

3 ETF's for 12/2

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December 02, 2010 – Comments (0) | RELATED TICKERS: PXJ , PXI , IEZ

Let's look at 3 ETFs that came up on my Barchart new high screener:

PXJ - The PowerShares Dynamic Oil & Services Portfolio seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Dynamic Oil Services Intellidex Index (the "Underlying Intellidex"). The Underlying Intellidex is comprised of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. Stocks are selected principally on the basis of their capital appreciation potential as identified by NYSE Arca pursuant to a proprietary Intellidex methodology. The Fund will normally invest at least 80% of its total assets in common stocks of companies that assist in the production, processing and distribution of oil and gas.

1 - 100% Barchart technical buy signal

2 - 13 new highs in the last month

3 - 14.24% price appreciation in the last month

4 - Relative Strength Index 68.74% and rising

PXI - The PowerShares Dynamic Energy Sector Portfolio ("the Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Dynamic Energy Sector Intellidex Index (the "Underlying Intellidex"). The Underlying Intellidex is comprised of stocks of 60 U.S. energy companies. These are companies that are principally engaged in the business of producing, distributing or servicing energy- related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil based energy. The Fund will normally invest at least 80% of its total assets in common stocks of energy companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Underlying Intellidex

1 - .96% Barchart technical buy signal

2 - 13 new highs in the last month

3 - 11.89% price appreciation in the last month

4 - Relative Strength Index 68.39% and rising

IEZ - DJ US Oil Equipment Index ETF - The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Oil Equipment & Services Index (the "Underlying Index"). The Underlying Index measures the performance of the oil equipment and services sector of the U.S. equity market. The Underlying Index includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.

1 - 100% Barchart technical buy signal

2 - 13 new highs in the last month

3 - 14.07% price appreciation in the last month

4 - Relative Strength Index 70.03% and rising

Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog. 

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