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The tech and Internet tradable funds led their peers Tuesday while money rotated out of defensive stocks, lowering the pharmaceutical and consumer staples exchange-traded funds.
The B2B Internet HOLDR (BHH | Quote | Chart | News | PowerRating) rose 8.6%, the day's sharpest gain among the exchange-traded funds. The Internet Architecture HOLDR (IAH | Quote | Chart | News | PowerRating) picked up 6.5%, the Internet Infrastructure HOLDR (IIH | Quote | Chart | News | PowerRating) 5.5%, the Semiconductor HOLDR (SMH | Quote | Chart | News | PowerRating) 5.5%, the Internet HOLDR (HHH | Quote | Chart | News | PowerRating) 5.3%, the Dow Jones Technology iShares (IYW | Quote | Chart | News | PowerRating) 4.6%, the Technology SPDR (XLK | Quote | Chart | News | PowerRating) 4.3%, the Nasdaq 100 Tracking Stock (QQQ | Quote | Chart | News | PowerRating) 4.1%.
The Software HOLDR (SWH | Quote | Chart | News | PowerRating) was the odd man out among the tech-focused ETFs. It lost 2.8%. The Dow Jones Healthcare iShares (IYH | Quote | Chart | News | PowerRating) gave up 2.2%, the Pharmaceutical HOLDR (PPH | Quote | Chart | News | PowerRating) 2.2%, the Consumer Staples SPDR (XLP | Quote | Chart | News | PowerRating), the Dow Jones Consumer Non-Cyclical iShares (IYK | Quote | Chart | News | PowerRating) 1.7%.
The top field of all charts in this commentary uses a logarithmic price scale and displays a 50-day price average in red. In the second field, a blue relative strength line represents the displayed security's price performance relative to the S&P 500. The third field displays vertical daily volume bars in black with a 50-day moving average in blue for volume.
If you're new exchange-traded funds, be sure to visit TradingMarkets' Knowledge Center, dedicated to explaining the basics of trading and active investing in ETFs and mutual funds. Just click on the Funds tab near the top of this page, then click on the Knowledge Center tab.
You also will find lessons on trading exchange-traded funds in the Stocks Education area of TradingMarkets.com. In particular, check out my three-part series on trading ETFs, starting with Moving Average Crossovers. I also recommend newcomers read my tutorial, Trading HOLDRs: Unique Opportunity And Risk.
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