Give ETFs Some Consideration

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