PowerShares will launch two new exchange traded funds (ETFs) following the Dorsey Wright point and figure charting and relative strength. Carl Delfeld for ETFXRAY reports that DWA tracks multiple technical market indicators through a state-of-the-art Point & Figure methodology that identifies technical  leaders within a marketplace. The ETFs should begin trading on December 28.

PowerShares DWA Developed Markets Technical Leaders Portfolio (PIZ) follows the Dorsey Wright Developed Markets Technical Leaders Index and is made up of 100 companies domiciled in developed countries. PowerShares DWA Emerging Markets Technical Leaders Portfolio (PIE) is based on the Dorsey Wright Emerging Markets Technical Leaders Index made up of 100 companies domiciled in emerging markets countries.

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.