PowerShares Dynamic Energy Sector ETF
) - This exchange-traded fund (ETF) seeks results that correspond
to the price and yield performance, before fees and expenses, of
the Dynamic Energy Sector Intellidex Index. Its holdings include
companies that are engaged in the production and distribution of
energy products. This includes oil services, pipelines, and
solar, wind and other non-oil-based energy.
For more than six months, PXI has led a long list of other
energy-related ETFs. Since August, it has run from $28 to $37,
and if energy prices continue to move higher, it is likely that
PXI will follow suit.
Technically, PXI is in a powerful bull market. Note the recent
increase in volume. Because of the sharp angle of the current
advance, long-term buyers may want to buy a half position now and
add to it on a pullback to the bullish support line at $35.
If you have questions or comments for Sam Collins, please
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