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Give ETFs Some Consideration

|Includes:Guggenheim China Technology ETF (CQQQ), DSI, IGM, ONEQ, 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)

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)

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)

 

  • 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)

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)

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