Don't Ignore This Chart!

Techs and Large-Caps Take the Lead in April


The performance pecking order changed in April as large-caps and techs moved from under performers to out performers. Even though small-caps and mid-caps are underperforming so far in April, they are still outperforming on a longer timeframe (since early February). The PerfChart below shows month-to-date performance for nine major index ETFs. The Nasdaq 100 Equal-Weight ETF (QQEW) and Nasdaq 100 ETF (QQQ) are the top performers with gains just above 2%. The S&P 100 ETF (OEF) is third with a gain of 1.93%. The S&P SmallCap iShares (IJR) and S&P MidCap SPDR (MDY) are the laggards with gains less than 1%. 

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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