In our weekly ETF round up, we see the evolution of emerging trends turning into sustained momentum for growth stocks, especially Mid Cap and Small Cap. We would advise our readers to avoid initiating any new positions in Large Cap Value stocks.

It’s clear to The Correct Call which of these two charts we would rather own.

Which Chart Looks Healthier to You?

Large Cap Value

Mid Cap Growth

We would particularly concentrate on Technology Stocks and Tech based ETFs. TCC would recommend our readers steer clear of Biotech and Pharma for now.

Some of the ETF charts that stood out to us include:

Mid Cap: IJH, IJJ, IJK, IWR, JKG, JKH and for 2 times the POP, MVV & UWK.

Technology:

Technology (IYW) for double the tech index (ROM)
Software (IGV) (PSJ)
S&P IT (IYN)
Semiconductors (PSI) for 2x the performance of semis (USD)
Networking (PXQ)

International:

We like the charts for:

EPP (Pacific Rim)
PAF (Asia Pacific)
EWA (Australia)
EZA (South Africa)

The Correct Call would suggest taking profits in earlier Correct Call buy recommendations in:

EWK (Belgium) & EWN (Netherlands)

Disclosure: none