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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy capital management
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Barchart Portfolio Blogs
  • Give ETFs Some Consideration 0 comments
    May 20, 2013 5:13 PM | about stocks: CQQQ, IGM, ONEQ, DSI, VUG

    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 (NYSEARCA:CQQQ), S & P Technology North America IShares (NYSEARCA:IGM), Fidelity NASDAQ Composite Tracking ETF (NASDAQ:ONEQ), KLDS 400 Social Index IShares (NYSEARCA:DSI) and Vanguard Growth ETF(NYSEARCA:VUG):

    China Technology ETF (CQQQ)

    (click to enlarge)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above it's 20, 50 and 100 day moving averages
    • 20 new highs and up 19.48% in the last month
    • Relative Strength Index 84.70%
    • Barchart computes a technical support level at 26.01
    • Recently traded at 26.93 with a 50 day moving average of 23.61


    S & P Technology North American IShares (IGM)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 19 new highs and up 11.11% in the last month
    • Relative Strength Index 74.73%
    • Barchart computes a technical support level at 76.15
    • Recently traded at 77.11 with a 50 day moving average of 72.72


    Fidelity NASDAQ Composite Tracking ETF (ONEQ)

    (click to enlarge)

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 19 new highs and up 9.51% in the last month
    • Relative Strength Index 76.00%
    • Barchart computes a technical support level at 136.78
    • Recently traded at 137.99 with a 50 day moving average of 129.72


    KLDS 400 Social Index IShares (DSI)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 19 new highs and up 7.45% in the last month
    • Relative Strength Index 79.08%
    • Barchart computes a technical support level at 61.85
    • Recently traded at 62.33 with a 50 day moving average of 58.86


    Vanguard Growth ETF (VUG)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 18 new highs and up 7.76% in the last month
    • Relative Strength Index 70.46%
    • Barchart computes a technical support level at 81.65
    • Recently traded at 82.26 with a 50 day moving average of 78.23
    Stocks: CQQQ, IGM, ONEQ, DSI, VUG
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