On February 13th, we outlined our seasonal strategy for Hi-Tech sector during March-May timeframe. As of close on March 13th, the ETFs in this sector have generated entry signals. Our trade alerts are going long for:
- FDN – First Trust Dow Jones Internet Index – at or near 62.43, the close on Mar 13th
- IGM – iShares North American Tech – at or around 91.02
- IYW – iShares US Technology – at or around 89.96
- PNQI – PowerShares NASDAQ Internet – at or near 70.66
- QLD – ProShares Ultra QQQ – at or around 102.85
The favorable period for theses trades last till May. We will send out trade alerts to our members when the exit signals are generated.
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