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ETF Screener: Oil and Tech do Mix

 Feb 06, 2009 01:41 PM UTC
Symbol Sentiment Start Return Closed
EDV n/a
VAW n/a
RHM n/a
VDE n/a
PXI n/a
ADE n/a
IGV n/a
PXJ n/a
DIG n/a
JJC n/a
SMH n/a
IGW n/a
XOP n/a
OIH n/a
IGM n/a
TLH n/a
ROM n/a
IGN n/a
TLT n/a
USD n/a
PSI n/a
XES n/a
XLE n/a
FXN n/a
IEZ n/a
IEO n/a
UOY n/a
IHI n/a
IYE n/a
FCG n/a

Graphic_arrow1 Via The Correct Call:  

In this week’s ETF screener, we pick up on a trend we saw emerging two weeks ago. It sure looks like Energy and Technology ETFs want to head higher. In the Energy Sector, these ETFs all delivered a Positive MACD Crossover:




    First Trust Energy AlphaDEX (FXN)

    Energy Select Sector SPDR (XLE)

    Ultra Oil & Gas ProShares (DIG)

    First Trust ISE-Revere Natural Gas (FCG)

    iShares Dow Jones US Oil & Gas Ex Index (IEO)

    iShares Dow Jones US Oil Equipment Index (IEZ)

    iShares Dow Jones US Energy (IYE)

    Oil Services HOLDRs (OIH)

    PowerShares Dynamic Energy (PXI)

    PowerShares Dynamic Oil & Gas Services (PXJ)

    MacroShares $100 Oil Up (UOY)

    Vanguard Energy ETF (VDE)

    SPDR S&P Oil & Gas Equipment & Services (XES)

    SPDR S&P Oil & Gas Exploration & Prod (XOP)

When you see this many similar ETFs giving off the same signal, it is hard to ignore. Tech is showing some of the same strength.




    Shares S&P North Amer Technology (IGM)

    iShares S&P North Amer Tech-Multimd Ntwk (IGN)

    iShares S&P North Amer Tech-Software (IGV)

    iShares S&P North Amer Tech-Semicondctrs (IGW)

    Ultra Technology ProShares (ROM)

    PowerShares Dynamic Semiconductors (PSI)

    Rydex 2x S&P Select Sector Technology (RTG)

    Semiconductor HOLDRs (SMH)

    Ultra Semiconductor ProShares (USD)


Other sector based ETFs that posted a buy signal include:




    iShares Dow Jones US Medical Devices (IHI)

    Rydex 2x S&P Select Sector Health Care (RHM)

    Vanguard Materials ETF (VAW)

    iPath DJ AIG Copper TR Sub-Idx ETN (JJC)


A trend we believe is worth keeping an eye on is interest rates. For the first time in many months, we found some bond ETFs flashing sell signals. Do the following ETFs will the firstnegative MACD cross-unders mean interest rates are headed higher?




    Vanguard Extended Dur Tre Idx ETF (EDV)

    iShares Barclays 10-20 Year Treasury Bnd (TLH)

    iShares Barclays 20+ Year Treas Bond (TLT)


Finally, we found two currency ETFs that are showing signs of strength ELEMENTS Australian Dollar - AUD/USD ETN (ADE) and ELEMENTS Canadian Dollar - CAD/USD ETN (CUD).

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