The favorable period for Hi-Tech is coming to a close. We started these trades in mid-March and the exit signal is triggered for one ETF at the close of May 13th.

• Exit FDN – First Trust Dow Jones Internet Index – at or around 54.84, the close on May 13th

This year has not been too good for these trades. FDN produced a loss of -12.2%. This is the first losing trade for FDN in seven years. Overall, it has produced an average gain of 13.2%.