by Robert W. Colby, Senior Analyst TraderPlanet.com

Stock Market: consolidating losses.

Weak Stock Sector: Financial absolute price fell to its lowest level in more than 5 years, while the XLF/SPY Relative Strength Ratio fell to its lowest level in 8 years.

Strong Stock Sectors: Energy, Materials, and Utilities Relative Strength Ratios rose to new all-time highs.

Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high.

Gold price broke sharply lower.

On Monday, major stock price indexes opened modestly higher but gave up opening gains in the first hour. Prices turned choppy around the unchanged mark most of the day. Stocks closed mixed to lower, with Energy strong and Financials weak, again. The S&P 500 closed at 1,318.00, up 0.07 points or 0.01%. Total NYSE volume fell 22%, suggesting hesitation and lack of confidence.

The breadth of the market was Bearish again. The Advance-Decline Balance ((A-D) / (A+D)) was -32.23%, the Up-Down Volume balance ((Up-Dn) / (Up+Dn)) was -30.32%, and the New Highs-New Lows balance ((H-L) / ( H+L)) was -65.67%. The Cumulative Daily A-D Line for the Nasdaq fell to a new multi-year low.

The S&P 500 has fallen 7.6% since its rally high on 5/19/08. Consistently I have been assuming that the March-May rally was nothing more than a counter-trend rally and Secondary Reaction Continuation Pattern within the context of a Primary Bearish Trend. The sum total weight of the evidence for the stock market in general appears to be taking on a more Bearish tilt again since the rally top on 5/19/08. The short-term general market action has been subject to rapid and frequent change, so a cautious approach still seems prudent.

Spotlight on event stocks: Here is a stock screen I designed to pick out potential “event” stocks, both Bullish and Bearish. Sometimes, stocks with large changes in price and volume are revealed to be deal stocks, sooner or later, or are the subject of some other extraordinary events, positive or negative.

Bullish Stocks: Rising Price and Rising Volume
% Price Change, Symbol , Name

3.45% , PXJ , Oil & Gas, PXJ
8.36% , NOV , NATIONAL OILWELL VARC0
5.62% , NBR , NABORS
4.13% , CMI , CUMMINS
2.99% , FLR , FLUOR
5.96% , HAL , HALLIBURTON
4.10% , EP , EL PASO
0.73% , PUI , Utilities, PUI
0.69% , VPU , Utilities VIPERs, VPU
0.72% , VAW , Materials VIPERs, VAW
3.04% , VDE , Energy VIPERs, VDE
4.15% , SLB , SCHLUMBERGER
3.55% , SUN , SUNOCO
0.38% , EWU , United Kingdom Index, EWU
3.92% , IVGN , Invitrogen Corporation
4.83% , OIH , Oil Services H, OIH
2.10% , IXC , Energy Global, IXC
4.53% , XTO , XTO ENERGY INC
1.60% , TAP , ADOLPH COORS STK B, TAP
2.11% , VFC , VF
3.94% , GAS , NICOR
2.33% , PX , PRAXAIR
0.73% , WMI , WASTE MANAGEMENT
4.14% , BJS , BJ SERVICES
0.11% , ADRU , Europe 100 BLDRS, ADRU
3.93% , RIG , TRANSOCEAN
1.42% , IYM , Basic Materials DJ US, IYM
2.57% , WMB , WILLIAMS
3.51% , MRO , MARATHON OIL
1.46% , ABI , Applera Corp-Applied Biosystems Group (ABI)
2.99% , IGE , Natural Resource iS GS, IGE
3.69% , IYE , Energy DJ, IYE
0.38% , EWA , Australia Index, EWA
0.19% , VHT , Health Care VIPERs, VHT
1.27% , JCP , JC PENNEY
0.38% , PPH , Pharmaceutical H, PPH
0.35% , JKH , MidCap Growth iS M, JKH
0.80% , EPP , Pacific ex-Japan, EPP
0.58% , WWY , WM WRIGLEY JR
2.54% , ADM , ARCHER DANIELS

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name

-4.67% , VIA , VIACOM INC. (New)
-0.86% , PXQ , Networking, PXQ
-2.25% , PHW , Hardware & Electronics, PHW
-1.05% , PHJ , Dividend Growth PS, PHJ
-1.12% , DSV , Value Small Cap DJ, DSV
-3.29% , SLV , Silver Trust iS, SLV
-0.86% , FDV , Value 40 Large Low P/E FT DB, FDV
-9.03% , XL , XL CAPITAL STK A
-5.86% , PFG , PRINCIPAL FINL
-1.17% , HHH , Internet H, HHH
-1.67% , BHH , Internet B2B H, BHH
-6.08% , PHM , PULTE HOMES
-1.99% , AW , ALLIED WASTE IND
-8.84% , SOV , SOVEREIGN BANC
-5.40% , SBUX , STARBUCKS
-8.63% , RFMD , RF Micro Devices Inc
-6.30% , MOT , MOTOROLA
-13.77% , MBI , MBIA
-6.29% , AMD , ADV MICRO DEV
-2.86% , AGN , ALLERGAN
-5.00% , GNW , GENWORTH FINANCIAL (NYSE:GNW)
-1.14% , EWN , Netherlands Index, EWN
-0.90% , PIC , Insurance, PIC
-2.99% , ERIC.O , LM Ericsson Telephone Company
-1.91% , PMR , Retail, PMR
-2.56% , PEY , Dividend High Yield Equity PS, PEY
-3.74% , HOT , STARWOOD HOTELS
-3.57% , XRX , XEROX
-4.53% , HD , HOME DEPOT
-6.38% , GM , GENERAL MOTORS
-4.60% , LOW , LOWES
-16.09% , MTG , MGIC INVESTMENT
-0.56% , JKK , Growth SmallCap iS M, JKK
-0.61% , IGV , Software, IGV
-0.39% , PWO , OTC Dynamic PS, PWO
-2.94% , XHB , Homebuilders SPDR, XHB
-0.49% , EZU , EMU Europe Index, EZU
-3.63% , IXG , Financials Global LargeCap Value, IXG
-3.37% , SLM , SLM CORP
-1.31% , EWD , Sweden Index, EWD

Sectors: among the 9 major U.S. sectors, 5 rose and 4 fell.
Major Sectors Ranked for the Day
% Price Change Sector

3.95% Energy SPDR, XLE
1.20% Utilities SPDR, XLU
0.73% Health Care SPDR, XLV
0.64% Materials SPDR, XLB
0.20% Industrial SPDR, XLI
-0.37% Consumer Staples SPDR, XLP
-0.93% Technology SPDR, XLK
-1.73% Consumer Discretionary SPDR, XLY
-3.16% Financial SPDR, XLF

Primary Tide Trends for the 9 major sectors last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):

Energy (XLE) Neutral, Market Weight. On 6/23/08, XLE/SPY Relative Strength Ratio rose to another new all-time high, again confirming a major uptrend.

Materials (XLB) Neutral, Market Weight. On 6/23/08, XLB/SPY Relative Strength Ratio rose to another new all-time high, again confirming a major uptrend.

Utilities (XLU) Neutral, Market Weight. On 6/23/08, XLU/SPY Relative Strength Ratio rose to a new all-time high, confirming a major uptrend. Since 10/17/02, the XLU/SPY Relative Strength Ratio has outperformed substantially.

Consumer Staples (XLP) Neutral, Market Weight. On 6/10/08, XLP /SPY Relative Strength Ratio rose to another new 8-week high. For nearly 8 years, since 9/27/00, the XLP/SPY Relative Strength Ratio has outperformed, so the long-term trend is up.

Technology (XLK) Neutral, Market Weight. On 6/6/08, the XLK/SPY Relative Strength Ratio rose to a new 5-month high, confirming an improving intermediate-term trend.

Industrial (XLI) Bearish, Underweight. On 6/16/08, the XLI/SPY Relative Strength Ratio fell to its lowest level in 4 months. Since 3/31/08, the XLI/SPY Relative Strength Ratio has underperformed.

Health Care (XLV) Bearish, Underweight. On 6/20/08, the XLV absolute price fell to its lowest level in nearly 2 years, since 7/18/06. Since 10/9/02, the XLV/SPY Relative Strength Ratio has underperformed substantially. On 5/15/08, the XLV/SPY Relative Strength Ratio fell to another new 6-year low, again confirming the existing Primary Bearish trend.

Consumer Discretionary (XLY) Bearish, Underweight. Since 1/5/05, the XLY/SPY Relative Strength Ratio has underperformed substantially. On 1/11/08, the XLY/SPY Relative Strength Ratio fell to a new 6-year low, confirming a major downtrend.

Financial (XLF) Bearish, Underweight. On 6/23/08, the XLF absolute price fell to its lowest level in more than 5 years, while the XLF/SPY Relative Strength Ratio fell to its lowest level in 8 years. Since 3/23/04, the XLF/SPY Relative Strength Ratio has underperformed substantially.

Foreign stock index EFA absolute price on 6/20/08 fell to its lowest level in nearly 3 months, since 3/24/08. EFA Relative Strength Ratio broke down to another new 11-week low on 6/13/08. Since 5/23/08, EFA has underperformed the U.S. stock market. Previously, EFA outperformed from 2/8/08 to 5/23/08 and, longer term, since the major bottom on 3/12/03. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite has been outperforming the S&P 500 since 3/3/08. On 6/19/08, NASDAQ Composite Relative Strength Ratio rose to a new 8-month high.

Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high on 6/23/08. Long term, the Growth/Value ratio (IWF/IWD) has been in an uptrend since 8/8/06.

The Small Cap/Large Cap Relative Strength Ratio rose to a new 11-month high on 6/20/08. The major trend appears to be turning to Small Caps.

Crude Oil July futures contract rose moderately but remains in an 11-day trading range. Oil appears to be consolidating sideways for the short term, but trends are still Bullish in longer time frames. U.S. OIL FUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.

The Energy stock sector has underperformed Crude Oil since 12/10/07.

Gold August futures contract price broke sharply lower. Last week, I noted here that Gold might be getting a bit overbought on a short-term trading basis. Gold has been in a choppy downside correction since 3/17/08. On 6/12/08, gold broke down below previous 6-week lows to confirm an intermediate-term downtrend.

U.S. Treasury Bond September futures contract eased modestly lower. Trends in all time frames appear vulnerable to further price decline.

The U.S. dollar recovered most of Friday’s steep loss. The dollar has been in a choppy sideways trading range since its low on 3/17/08. The long-term Primary Tide trend is still Bearish.

The Art of Contrary Thinking: Traders need to be extremely nimble to keep up with rapid changes in the mass mood of late. The business and financial news has flipped from fear to hope and back again many times in recent months, creating an extremely choppy trading environment. Investors’ moods and stock volatility have jumped up and down abruptly with the latest “reports”. When mass psychology shifts so dramatically and unpredictably from hope to fear, without warning, risk control becomes more important than aggressive profit seeking. Stay flexible.

Sentiment/Contrary Opinion: There were 36.3% Bulls versus 37.4% Bears as of 6/20/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 0.97, down from 1.32 the previous week. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47.

VIX “Fear Index” is now at 22.64. VIX fell from a peak of 32.64 on 3/17/08 to a low of 16.30 on 5/15/08, indicating decreasing Fear. The all-time high was 45.74 on 10/8/98. The all-time low was 9.89 on 1/24/07. VIX is a market estimate of expected constant 30-day volatility, calculated by weighting S&P 500 Index CBOE option bid/ask quotes spanning a wide range of strike prices for the two nearest expiration dates.

VXN “Fear Index” is now at 27.53. VXN fell from a peak of 35.63 on 1/22/08 to a low of 20.00 on 5/16/08, indicating decreasing Fear. The all-time high was 114.23 on 10/8/98. The all-time low was 12.61 on 7/29/05. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio is 0.66, which indicates neutral sentiment. Its 4-year simple moving average and median are 0.62, and its 4-year range is 0.35 to 1.28.

ISEE Call/Put Ratio is 0.97, which indicates Bearish sentiment. The ratio’s 4-year simple moving average is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.04.

Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and the net balance of positive earnings surprises. The unfolding fallout from the subprime credit market crisis has derailed that engine. Economic statistics and corporate earnings have weakened.

A Secondary Reaction was signaled on 4/18/28, when the Dow-Jones Industrials and Transports both closed at 3-month highs. But the Primary Tide Major Trend still may be Bearish. On 6/5/08, the Transportation Average closed above its previous all-time closing high, while the Industrial Average languished far below its all-time closing high of 14,164.50 set on 10/9/07. Such a non-confirmation and divergence means that the companies that produce the goods are not keeping pace with the companies that deliver the goods, the market is out of balance, and there is no Buy Signal because the Dow Theory requires both Averages to make new highs. The Dow Theory confirmed a Primary Bear Market on 11/21/07 when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their respective closing price lows of August, 2007.

To discover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500 cash index (1,318.00):

Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008

To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index (1,318.00):

Potential Support
1,256.98, low of 3/17/2008
1,224.54, low of 7/18/2006
1,219.29, low of 6/14/2006
1,214.45, low of 11/4/2005
1,201.07, low of 11/2/2005
1,168.20, low of 10/13/2005
1,163.23, high of 3/5/2004
1,159.86, low of 5/17/2005
1,153.64, low of 5/16/2005
1,146.18, low of 5/13/2005
1,139.14, low of 4/29/2005
1,136.37, low of 4/20/2005

Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:

4.83% Oil Services H, OIH
3.95% Energy SPDR, XLE
3.69% Energy DJ, IYE
3.45% Oil & Gas, PXJ
3.19% Energy Exploration & Prod, PXE
3.04% Energy VIPERs, VDE
2.99% Natural Resource iS GS, IGE
2.17% Short 200% QQQ PS, QID
2.10% Energy Global, IXC
1.63% Oil, Crude, U.S. Oil Fund, USO
1.62% Metals & Mining SPDR, XME
1.42% Basic Materials DJ US, IYM
1.20% Utilities SPDR, XLU
1.06% Utilities H, UTH
0.97% Short 100% QQQ, PSQ
0.86% Utilities DJ, IDU
0.82% Value Line Timeliness MidCap Gr, PIV
0.82% Telecom H, TTH
0.80% Pacific ex-Japan, EPP
0.80% Singapore Index, EWS
0.74% Canada Index, EWC
0.73% Health Care SPDR, XLV
0.73% Utilities, PUI
0.72% Materials VIPERs, VAW
0.72% Japan Index, EWJ
0.71% Commodity Tracking, DBC
0.69% Utilities VIPERs, VPU
0.65% Short 200% MidCap 400 PS, MZZ
0.64% Materials SPDR, XLB
0.59% Emerging 50 BLDRS, ADRE
0.52% Growth S&P 500/BARRA, IVW
0.46% Pharmaceuticals, PJP
0.46% China 25 iS, FXI
0.41% Taiwan Index, EWT
0.40% Growth Mid Cap Dynamic PS, PWJ
0.38% Asia 50 BLDRS, ADRA
0.38% Australia Index, EWA
0.38% Pharmaceutical H, PPH
0.38% United Kingdom Index, EWU
0.36% Short 200% S&P 500 PS, SDS
0.35% MidCap Growth iS M, JKH
0.32% WilderHill Clean Energy PS, PBW
0.30% Short 200% Dow 30 PS, DXD
0.29% Emerging Markets, EEM
0.28% Hong Kong Index, EWH
0.25% Growth MidCap 400 B, IJK
0.25% Pacific VIPERs, VPL
0.24% Short 100% MidCap 400, MYY
0.24% Aerospace & Defense, PPA
0.23% Growth MidCap Russell, IWP
0.22% Value LargeCap Dynamic PS, PWV
0.21% Emerging VIPERs, VWO
0.21% Growth VIPERs, VUG
0.21% Bond, 20+ Years Treasury, TLT
0.20% LargeCap Blend NYSE Composite iS, NYC
0.20% Industrial SPDR, XLI
0.19% Growth LargeCap iS M, JKE
0.19% Health Care VIPERs, VHT
0.19% Malaysia Index, EWM
0.18% Healthcare DJ, IYH
0.17% Short 100% Dow 30, DOG
0.15% IPOs, First Tr IPOX-100, FPX
0.14% Growth 1000 Russell, IWF
0.12% LargeCap VIPERs, VV
0.11% Europe 100 BLDRS, ADRU
0.09% LargeCap Blend Dynamic PS, PWC
0.08% DIAMONDS (DJIA), DIA
0.06% Brazil Index, EWZ
0.06% Growth S&P 500, RPG
0.06% LargeCap 1000 R, IWB
0.05% LargeCap Blend S&P 100, OEF
0.04% Industrial LargeCap Blend DJ US, IYJ
0.04% Growth LargeCap Russell 3000, IWZ
0.04% MidCap VIPERs, VO
0.03% Industrials VIPERs, VIS
0.03% Software, PSJ
0.03% LargeCap Blend Core iS M, JKD
0.02% Lg Cap Growth PSD, PWB
0.02% LargeCap Rydex Rus Top 50, XLG
0.02% LargeCap Blend S&P 1500 iS, ISI
0.02% Short 100% S&P 500, SH
0.01% MidCap S&P 400 iS, IJH
0.00% Software H, SWH
0.00% Bond, TIPS, TIP
-0.01% LargeCap Blend Russell 3000, IWV
-0.01% EAFE Index, EFA
-0.02% S&P 500 iS LargeCap Blend, IVV
-0.02% MidCap Russell, IWR
-0.03% Biotech H, BBH
-0.03% Germany Index, EWG
-0.04% MidCap Blend Core iS M, JKG
-0.04% Bond, Corp, LQD
-0.05% Value LargeCap NYSE 100 iS, NY
-0.05% Bond, 10 Year Treasury, IEF
-0.05% Developed 100 BLDRS, ADRD
-0.06% Dividend Appreciation Vipers, VIG
-0.06% LargeCap Blend Total Market DJ, IYY
-0.07% LargeCap Blend Socially Responsible iS, KLD
-0.08% Internet Architecture H, IAH
-0.09% Value LargeCap Euro STOXX 50 DJ, FEU
-0.10% S&P 500 SPDRs LargeCap Blend, SPY
-0.11% Bond, 1-3 Year Treasury, SHY
-0.11% Dividend International, PID
-0.13% Growth Large Cap, ELG
-0.14% Bond, Aggregate, AGG
-0.14% Growth MidCap S&P 400, RFG
-0.14% Italy Index, EWI
-0.14% Value LargeCap iS M, JKF
-0.15% Value 1000 Russell, IWD
-0.16% Info Tech VIPERs, VGT
-0.16% Global Titans, DGT
-0.18% Wilshire 5000 ST TM, TMW
-0.19% Growth EAFE MSCI, EFG
-0.21% France Index, EWQ
-0.21% Ultra Dow30 Double, DDM
-0.25% Telecom DJ US, IYZ
-0.25% Value EAFE MSCI, EFV
-0.28% Value VIPERs, VTV
-0.28% Building & Construction, PKB
-0.29% Biotech & Genome, PBE
-0.30% Blend Total Market VIPERs, VTI
-0.31% Value MidCap Dynamic PS, PWP
-0.32% Ultra MidCap400 Double, MVV
-0.32% Ultra S&P500 Double, SSO
-0.34% Value Large Cap DJ, ELV
-0.35% MidCap S&P 400 SPDRs, MDY
-0.37% Consumer Staples SPDR, XLP
-0.38% Dividend Achievers PS, PFM
-0.39% OTC Dynamic PS, PWO
-0.40% Value MidCap S&P 400 B, IJJ
-0.40% SmallCap PS Zacks, PZJ
-0.41% Spain Index, EWP
-0.42% European VIPERs, VGK
-0.43% China LargeCap Growth G D H USX PS, PGJ
-0.44% Growth Small Cap DJ, DSG
-0.49% EMU Europe Index, EZU
-0.50% Japan LargeCap Blend TOPIX 150, ITF
-0.52% Value MidCap Russell, IWS
-0.54% Value LargeCap Russell 3000, IWW
-0.54% Growth BARRA Small Cap 600, IJT
-0.56% South Africa Index, EZA
-0.56% Growth SmallCap Dynamic PS, PWT
-0.56% Growth SmallCap iS M, JKK
-0.57% Extended Mkt VIPERs, VXF
-0.57% Consumer Staples VIPERs, VDC
-0.59% Semiconductor SPDR, XSD
-0.61% Software, IGV
-0.61% Consumer Non-Cyclical, IYK
-0.62% Value S&P 500 B, IVE
-0.64% Latin Am 40, ILF
-0.65% LargeCap Blend S&P=Weight R, RSP
-0.65% Biotechnology, IBB
-0.65% Water Resources, PHO
-0.65% Technology DJ US, IYW
-0.69% Telecom Services VIPERs, VOX
-0.70% Austria Index, EWO
-0.73% Value LargeCap Fundamental RAFI 1000, PRF
-0.77% Nanotech Lux, PXN
-0.78% Growth LargeCap NASDAQ 100, QQQQ
-0.79% SmallCap S&P 600, IJR
-0.80% Technology GS, IGM
-0.80% Internet Infrastructure H, IIH
-0.83% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.84% Euro STOXX 50, FEZ
-0.84% Technology MS sT, MTK
-0.86% Networking, PXQ
-0.86% Value 40 Large Low P/E FT DB, FDV
-0.88% Food & Beverage, PBJ
-0.89% Mexico Index, EWW
-0.90% Healthcare Global, IXJ
-0.90% Insurance, PIC
-0.93% Technology SPDR, XLK
-0.93% South Korea Index, EWY
-0.94% SmallCap Russell 2000, IWM
-0.96% SmallCap Core iS M, JKJ
-0.96% Growth SmallCap VIPERs, VBK
-0.99% Microcap Russell, IWC
-1.00% Small Cap VIPERs, VB
-1.05% Dividend Growth PS, PHJ
-1.06% Growth SmallCap R 2000, IWO
-1.08% Value MidCap iS M, JKI
-1.11% Dividend SPDR, SDY
-1.11% Micro Cap Zachs, PZI
-1.12% Value Small Cap DJ, DSV
-1.14% Netherlands Index, EWN
-1.17% Dividend DJ Select, DVY
-1.17% Biotech SPDR, XBI
-1.17% Internet H, HHH
-1.27% Belgium Index, EWK
-1.30% Value SmallCap Russell 2000, IWN
-1.30% Technology Global, IXN
-1.31% Sweden Index, EWD
-1.45% Semiconductor H, SMH
-1.45% Value SmallCap S&P 600 B, IJS
-1.47% Value SmallCap VIPERS, VBR
-1.50% Consumer Cyclical DJ, IYC
-1.52% Broadband H, BDH
-1.56% Value SmallCap Dynamic PS, PWY
-1.59% Consumer D. VIPERs, VCR
-1.59% Semiconductor iS GS, IGW
-1.60% Switzerland Index, EWL
-1.63% Value SmallCap S&P 600, RZV
-1.67% Internet B2B H, BHH
-1.73% Telecommunications Global, IXP
-1.73% Networking, IGN
-1.73% Consumer Discretionary SPDR, XLY
-1.77% Retail H, RTH
-1.85% Transportation Av DJ, IYT
-1.91% Retail, PMR
-1.92% Semiconductors, PSI
-1.98% Value MidCap S&P 400, RFV
-2.01% Global 100, IOO
-2.02% REIT Wilshire, RWR
-2.02% Value SmallCap iS M, JKL
-2.07% Real Estate US DJ, IYR
-2.09% Gold Shares S.T., GLD
-2.11% Value S&P 500, RPV
-2.14% Realty Cohen & Steers, ICF
-2.23% Ultra QQQ Double, QLD
-2.25% Hardware & Electronics, PHW
-2.30% Telecommunications & Wireless, PTE
-2.31% Leisure & Entertainment, PEJ
-2.32% Bank Regional H, RKH
-2.43% Financial DJ US, IYF
-2.45% Capital Markets KWB ST, KCE
-2.48% REIT VIPERs, VNQ
-2.55% Financials VIPERs, VFH
-2.55% Dividend Leaders, FDL
-2.56% Dividend High Yield Equity PS, PEY
-2.70% Financial Services DJ, IYG
-2.94% Homebuilders SPDR, XHB
-2.96% Europe 350 S&P Index, IEV
-3.16% Financial SPDR, XLF
-3.29% Silver Trust iS, SLV
-3.63% Financials Global LargeCap Value, IXG