The PowerShares DWA Technical Leaders Portfolio (PDP) exchange traded fund (ETF) began trading on March 1st. This ETF tracks the performance of 100 U.S.-listed securities and is the first based on technical analysis in the Dorsey-Wright Technical Leaders Index. The index is modified equal-dollar weight and consists of 100 U.S. companies from a universe of large-cap and mid-cap stocks. David Hoffman of InvestmentNews.com reports they are based on the proprietary "Relative Strength" selection process of Dorsey-Wright & Associates Inc.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.