We did a very simple screen today and found only six equity ETFs working well at this time, and only from three categories: preferreds, biotech, and dividends.
- PFF (pfd stocks) 6.02% yield
- PGX (pfd stocks) 6.57% yield
- PGF (pfd stocks) 6.93% yield
- IBB (biotech stocks) 0.03% yield
- XBI (biotech stocks) 0.00% yield
- FDL (dividend stocks) 3.46% yield
Here is the screen using StockCharts.com:
- StockCharts technical rating >90 on scale of 100
- price > 21-day average
- 21-day average > 63-day average
- 63-day average > 126-day average
- 126-day average > 252-day average
- 252-day slope > 0
- yesterday dollar volume per minute > $10,000
- type = equity
Here are the weekly one-year charts expressed in percentage terms with the Russell 1000 ETF (IWB) as a control:
Disclosure: QVM has positions in PFF as of the creation date of this article (June 27, 2012).
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