Tech ETF Watch: Select SPDR, NASDAQ 100, Dow U.S., S&P Global

December 29, 2009 (FinancialWire) — As of Monday’s close, four key technology ETFs all posted gains of about 5% to 8% in the last 50 trading days, led by the Technology Select Sector SPDR Fund (NYSE: XLK), which closed at $23.08 with an overall +$1.73 (+8.13%) 50-day increase. The First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ: QTEC) closed Monday at $21.33 with an overall +$1.64 (+7.98%) 50-day increase. The iShares Dow Jones U.S. Technology Sector Index Fund (NYSE: IYW) closed Monday at $57.95 with an overall +$4.22 (+7.86%) 50-day increase. The iShares S&P Global Technology Sector Index Fund (NYSE: IXN) closed Monday at $56.43 with an overall +$2.73 (+5.09%) 50-day increase.

FinancialWire(tm) contributor Frank Kollar has kept a strong focus on Apple, Inc. (NASDAQ: AAPL) stock, as a bellwether indicator for the technology sector. Last week, Kollar posted commentary at Fibtimer.com noting that “Apple has had two rallies since October with lower intra-day highs in the second one. The first reached $208.71 on Oct 21 and the second reached $208 on November 16. Draw a line through these highs and you have a declining trend resistance line. Apple is headed for the declining trend resistance line which is at about $206 as of Wednesday’s December 23 close.”

Today’s follow-up to Kollar’s commentary is posted at FinacialWire.net (http://www.financialwire.net/?s=apple+breaking).

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). Recently issued reports and filings include F & C Capital & Income Investment Trust PLC (LSE: FCI), Sarantel Group PLC (LSE: SLG), Pharmacyclics, Inc. (NASDAQ: PCYC), Niusule Biotech Corp. (OTCBB: NIUS), JPMorgan European Investment Trust PLC (LSE: JFF), Ecofin Water & Power Opportunities PLC (LSE: ECWO), Invesco Property Income Trust Ltd. (LSE: IPI), Hansa Trust PLC (LSE: HAN) (OTC: FSBTF), Perpetual Income & Growth Investment Trust PLC (LSE: PLI), New India Investment Trust PLC (LSE: NII), JPMorgan Fleming Smaller Japanese Companies Investment Trust PLC (LSE: JPS), Edinburgh Investment Trust PLC (LSE: EDIN) (OTC: EHITF), Armour Group PLC (LSE: AMR), Bravo Venture Group Inc. (TSX Venture: BVG), Bellway PLC (London Stock Exchange: BWY) (OTC: BLWYF), Chase Corporation (AMEX: CCF), Continental Materials Corp. (AMEX: CUO), Amcon Distributing Company (AMEX: DIT), Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), Majedie Investments PLC (London Stock Exchange: MAJE) (OTC: MJENF), Morgan Stanley Income Securities, Inc. (NYSE: ICB), Grainger PLC (London Stock Exchange: GRI) (OTC: GRTGF), Eaton Vance Insured Municipal Bond Fund (AMEX: EIM), PIMCO High Income Fund (NYSE: PHK) and Shaw Communications, Inc. (NYSE: SJR).

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