During our weekly technical review of more than 500 ETF charts, something became very apparent to us rather quickly; the number of improving-to-healthy looking charts is swelling.

The trend of Mid Cap stocks, especially growth, leading the way continues. From our perspective, the Mid Cap charts paint a picture that is a stock picker’s version of the Mona Lisa.

Any one of these Mid Cap ETFs should serve investors well in the weeks ahead:

S&P MidCap 400 Value Index (IJJ)
MorningStar Mid Cap Core (JKG)
Morning Mid Growth Index Fund (JKH)
PowerShares Dynamic Mid Cap Growth Portfolio (PWJ)

For more aggressive investors willing to accept additional risk for the extra reward, ProShares Ultra Mid Cap 400 (MVV) packs twice the punch of the Mid Cap 400 index.

Technology also continues to look strong, specifically semiconductor and networking stocks.

Semi ETFs:

ProShares Dynamic Semiconductor Shares (PSI)

For more POP, ProShares Ultra Semiconductors (USD) delivers twice the return of the Dow Jones Semiconductor index.

On the networking side, the ETF of our choice is PowerShares Dynamic Networking Portfolio (PXQ).

In the event you are looking for more diversification and wish not to be focused on just a couple of sectors, ProShares Dynamic Technology Portfolio (PTF) is based on the Dynamic Technology Intellidex. Aggressive investors desiring higher octane should consider ProShares Ultra Technology Index (ROM).

The Correct Call Calendar users will find a Hot Technology Sector Stock that we believe could return 15% or more in the next 3-to-6 months.

Internationally, MSCI Singapore Index Fund (EWS) has passed our technical screen. Although the Singapore economy has slowed a bit, it’s still expected to grow at a 4.4% clip annually and has record low unemployment. Investors can also benefit if the Dollar continues to fall versus the Singapore currency.

Disclosre: None