NEW YORK ( ETF Digest) -- Currently there are nearly three dozen ETFs oriented to the technology sector with more on the way. The following analysis features a fair representation of ETFs available. We believe from these investors may choose an appropriate ETF to satisfy the best index-based offerings individuals and financial advisors may utilize. We're not ranking these ETFs favoring one over another so don't let the listing order mislead you. Although we may use some of these in ETF Digest portfolios it's not our intention to recommend one over another. ETFs are based on indexes tied to well-known index providers including Russell, S&P, Barclays, MSCI, Dow Jones and so forth. Also included are some so-called "enhanced" indexes that attempt to achieve better performance through more active management of the index. Previously we had avoided using HOLDRS but now Van Eck has just assumed most of these including previously popular SMH (ML Semiconductor HOLDRS) which bears the same ticker SMH but has kept many of the components and intact so as to not disrupt previous investors too much. These weightings and constituents will change over time. Further, remember that many of these ETF indexes are "weighted" making constituents like Apple (AAPL) and International Business Machines (IBM) even more of a factor than perhaps investors might suspect. We rank the top 10 ETF by our proprietary stars system as outlined below. However, given that we're sorting these by both short and intermediate issues we have split the rankings as we move from one classification to another. Strong established linked index Excellent consistent performance and index tracking Low fee structure Strong portfolio suitability Excellent liquidity Established linked index even if "enhanced" Good performance or more volatile if "enhanced" index Average to higher fee structure Good portfolio suitability or more active management if "enhanced" index Decent liquidity Enhanced or seasoned index Less consistent performance and more volatile Fees higher than average Portfolio suitability would need more active trading Average to below average liquidity Index is new Issue is new and needs seasoning Fees are high Portfolio suitability also needs seasoning Liquidity below averageWe feature a technical view of conditions from monthly chart views. Simplistically, we recommend longer-term investors stay on the right side of the 12 month simple moving average. When prices are above the moving average, stay long, and when below remain in cash or short. Some more interested in a fundamental approach may not care so much about technical issues preferring instead to buy when prices are perceived as low and sell for other reasons when high; but, this is not our approach. Premium members to the ETF Digest receive added signals when markets become extended such as DeMark triggers to exit overbought/oversold conditions. For sophisticated traders and investors wishing to hedge or speculate leveraged long/short and inverse issues are available from ProShares and DirexionShares.Technology and innovations in the sector remain a primary focus for investors. Clearly this sector will remain the leading source of innovation and economic growth in the U.S. and globally as well. As the sector expands overseas we'll no doubt offer a review for these issues in another profile. Further new ETFs in social media will be entering the scene for good or bad. Already with the much-hyped Facebook IPO the new Global X Social Media ETF (SOCL) may be much in view.