3 hottest ETFs - 12/16

Hot ETFs are not like hot stocks they move much slower because they are baskets.  On Barchart I use the new high list then sort for frequency.  Lastly use the flipchart feature so you can see for yourself how consistent the current momentum is.  Take a peek at these 3 and put them on your watch lists.

ISE Water Index - (FIW)  --The First Trust ISE Water Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the ISE Water Index. The ISE Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry. The Index selects the top 36 stocks in the industry by market capitalization. The Index is rebalanced on the application of the above model on a semi-annual basis.

• 96% Barchart technical buy signal
• 16 new highs in the last month
• Up 9.58% in the last month
• Realative Strength Index 72.22% and rising
• Trading around 22.16 which is above its 50 day moving average of 20.70

PJG - Dynamic Mid-Cap -- The PowerSahres Dynamic Mid Cap Portfolio seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Dynamic Mid Cap Intellidex Index (the "Underlying Intellidex"). The Underlying Intellidex is comprised of stocks of 150 U.S. mid capitalization companies. Stocks are selected principally on the basis of their capital appreciation potential as identified by NYSE Arca pursuant to a proprietary Intellidex methodology. The Fund will normally invest at least 80% of its total assets in common stocks of mid capitalization companies.

• 96% Barchart technical buy signal
• 14 new highs in the last month
• Up 7.52% in the last month
• Relative Strength Index 67.84% and rising
• Trading around 24.95 which is above its 50 day moving average of 23.69

XLVS - S&P Small-Cap Health Care -- The PowerShares S&P SmallCap Health Care Portfolio ("the Fund") seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the index called the S&P SmallCap 600 Capped HealthCare Index (the "Underlying Index"). The Underlying Index is comprised of common stocks of U.S. healthcare companies. These are companies that are principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities. The Fund will normally invest at least 80% of its total assets in common stocks of small capitalization healthcare companies.

• 100% Barchart technical buy signal
• 15 new highs in the last month
• Up 10.13% in the last month
• Relative Strength Index 75.61% and rising
• Trading around 27.84 which is above its 50 day moving average of 26.03

Remember these are hot only because of recent positive and consistent price momentum.  Do more research before pressing the buy button.

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.