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JimVanMeerten (62.86)

Give ETFs a Chance

Recs

1

May 20, 2013 – Comments (1) | RELATED TICKERS: CQQQ , IGM , ONEQ

I've gotten some questions about using the Barchart New High List to find Exchange Traded Funds (ETFs) that have as good a momentum as stocks.  Today I used the ETF column in the New High List and then sorted them for frequency.  Then I used to Flipchart feature to go through the sorted list to find charts I think reflect consistent momentum.  The list includes China Technology ETF (CQQQ), S & P Technology North America IShares (IGM), Fidelity NASDAQ Composite Tracking ETF (ONEQ), KLDS 400 Social Index IShares (DSI) and Vanguard Growth ETF(VUG):

China Technology ETF (CQQQ)


Barchart technical indicators:

88% Barchart technical buy signalsTrend Spotter buy signalAbove it's 20, 50 and 100 day moving averages20 new highs and up 19.48% in the last monthRelative Strength Index 84.70%Barchart computes a technical support level at 26.01Recently traded at 26.93 with a 50 day moving average of 23.61

S & P Technology North American IShares (IGM)

Barchart technical indicators:

96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages19 new highs and up 11.11% in the last monthRelative Strength Index 74.73%Barchart computes a technical support level at 76.15Recently traded at 77.11 with a 50 day moving average of 72.72

Fidelity NASDAQ Composite Tracking ETF (ONEQ)

96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages19 new highs and up 9.51% in the last monthRelative Strength Index 76.00%Barchart computes a technical support level at 136.78Recently traded at 137.99 with a 50 day moving average of 129.72

KLDS 400 Social Index IShares (DSI)

Barchart technical indicators:

96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages19 new highs and up 7.45% in the last monthRelative Strength Index 79.08%Barchart computes a technical support level at 61.85Recently traded at 62.33 with a  50 day moving average of 58.86

Vanguard Growth ETF (VUG)

Barchart technical indicators:

96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages18 new highs and up 7.76% in the last monthRelative Strength Index 70.46%Barchart computes a technical support level at 81.65Recently traded at 82.26 with a 50 day moving average of 78.23

1 Comments – Post Your Own

#1) On May 21, 2013 at 3:10 AM, MuhammadTariqMug (< 20) wrote:

This is true that ETFs have good momentum as stocks. One should opt for ETF for better returns. Now-a-days, it has become a good option for investment plannings. 

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