In terms of single stock impact, IYW notably has a greater than 20% weighting to AAPL followed by a >9.8% weighting to its second largest member MSFT, while XLK has a >17.7% weighting in AAPL and a >8.6% weighting to MSFT.
VGT likewise has a >15.2% weighting to AAPL followed by a>8.4% weighting to MSFT. Given the presence of upside call interest here, long levered ETFs like TECL (Direxion Daily Technology Bull 3X, Expense Ratio 0.95%), ROM (ProShares Ultra Technology, Expense Ratio 0.95%), QLD (ProShares Ultra QQQ, Expense Ratio 0.95%), and TQQQ (ProShares UltraPro QQQ, Expense Ratio 0.95%) should be in heavy focus as well.
Powershares QQQ
For more information on Street One ETF market commentary and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected]
Street One Financial is an educational/research firm utilizing the Broker Dealer services of Precision Securities, a FINRA registered Broker/Dealer.