by Robert W. Colby, Senior Analyst TraderPlanet.com
Stock Market: rally attempt fizzled, as the market rejected higher prices.
The Fed gave the market what it expected, but it was not good enough.
Defensive stocks have been outperforming cyclical stocks, implying a weak economic outlook.
Utilities Stock Sector Relative Strength Ratio rose to another new all-time high, confirming a major uptrend.
Consumer Staples Stock Sector Relative Strength Ratio rose to a new 12-week high, confirming an improving intermediate-term trend.
Industrial Stock Sector Relative Strength Ratio fell to its lowest level in 5 months, suggesting a deteriorating long-term outlook.
Foreign stock index EFA absolute price and Relative Strength Ratio both fell to their lowest levels in 3 months, confirming a weakening intermediate-term trend.
On Wednesday, majorstock priceindexes opened higher and rose further following news that the Fed left the fed funds rate unchanged. But the market soon rejected the higher price levels, and stocks reversed to the downside in the final hour, closing slightly above the open but well below the mean, median, and mode prices of the day. The S&P 500 closed at 1,321.97, up 7.68 points or 0.58%. Total NYSE volume rose 3%.
The breadth of the market improved. The Advance-Decline Balance ((A-D) / (A+D)) was 40.66%, the Up-Down Volume balance ((Up-Dn) / (Up+Dn)) was 36.93%, and the New Highs-New Lows balance ((H-L) / ( H+L)) was -73.63% on the NYSE.
The S&P 500 has fallen 7.34% since its rally high close of 1,426.63 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
15.63% , JBL , JABIL CIRCUIT
0.83% , IWZ , Growth LargeCap Russell 3000, IWZ
1.69% , XSD , Semiconductor SPDR, XSD
1.58% , VCR , Consumer D. VIPERs, VCR
2.34% , SWH , Software H, SWH
1.64% , IIH , Internet Infrastructure H, IIH
3.77% , RHT , Red Hat Inc.
1.06% , PZJ , SmallCap PS Zacks, PZJ
5.34% , TNB , THOMAS & BETTS
0.82% , JKL , Value SmallCap iS M, JKL
1.34% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
1.63% , IAH , Internet Architecture H, IAH
1.48% , VGT , Info Tech VIPERs, VGT
3.03% , MMC , MARSH & MCLENNAN
9.25% , ASH , ASHLAND
1.20% , IGN , Networking, IGN
1.13% , VDC , Consumer Staples VIPERs, VDC
1.89% , PSI , Semiconductors, PSI
5.43% , S , SPRINT NEXTEL
1.50% , IXN , Technology Global, IXN
1.11% , VOX , Telecom Services VIPERs, VOX
1.73% , BDH , Broadband H, BDH
0.50% , VPU , Utilities VIPERs, VPU
6.84% , DRI , DARDEN REST
5.32% , ZION , ZIONS
1.78% , JKI , Value MidCap iS M, JKI
2.25% , XLP , Consumer Staples SPDR, XLP
1.49% , DGT , Global Titans, DGT
2.55% , ADRE , Emerging 50 BLDRS, ADRE
7.73% , PWER , POWER ONE
6.61% , LVLT , LEVEL 3 COMMUNICATIONS
3.33% , Q , QWEST COMMUNICAT
1.15% , HHH , Internet H, HHH
2.99% , WPI , WATSON PHARM
0.67% , IJH , MidCap S&P 400 iS, IJH
1.11% , PJP , Pharmaceuticals, PJP
1.30% , IJR , SmallCap S&P 600, IJR
1.13% , PMTC.O , PARAMETRIC
3.25% , MDP , MEREDITH
1.44% , ORCL , ORACLE
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-12.30% , ROK , ROCKWELL AUTOMAT
-23.28% , AM , AMER GREETINGS STK A
-6.89% , BA , BOEING
-5.35% , HON , HONEYWELL INTL
-7.16% , APOL , APOLLO GROUP
-4.51% , TXT , TEXTRON
-0.93% , EFV , Value EAFE MSCI, EFV
-3.77% , XTO , XTO ENERGY INC
-0.28% , RPG , Growth S&P 500, RPG
-3.14% , UTX , UNITED TECH
-3.14% , MON , MONSANTO
-1.37% , PPA , Aerospace & Defense, PPA
-2.71% , COL , ROCKWELL COLLINS
-0.31% , VIS , Industrials VIPERs, VIS
-2.88% , GR , GOODRICH CORP
-2.26% , EWQ , France Index, EWQ
-2.69% , ETN , EATON
-2.76% , AXP , AMERICAN EXPRESS
-2.52% , EWG , Germany Index, EWG
-4.48% , WM , WASHINGTON MUT
-2.18% , PH , PARKER HANNIFIN
-1.69% , CIEN.O , CIENA
-0.64% , VDE , Energy VIPERs, VDE
-1.72% , CFC ,COUNTRYWIDEFNCL
-1.52% , TE , TECO ENERGY
-2.23% , APC , ANADARKO PETRO
-2.21% , USO , Oil, Crude, U.S. Oil Fund, USO
-1.93% , IGT , INTL GAME TECH
-0.86% , DOV , DOVER
-3.20% , APA , APACHE
-1.98% , DVN , DEVON ENERGY
-3.36% , CAG , CONAGRA FOODS
-1.88% , CEPH , Cephalon Inc
-1.39% , OXY , OCCIDENTAL
-0.80% , PMCS , PMC SIERRA
-2.01% , DYN , DYNEGY
-2.36% , DE , DEERE & CO
-2.43% , SHW , SHERWIN WILLIAMS
-2.47% , HAL , HALLIBURTON
-1.39% , IR , INGER RAND
Sectors: among the 9 major U.S. sectors, 6 rose and 3 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
2.25% Consumer Staples SPDR, XLP
1.18% Utilities SPDR, XLU
1.12% Health Care SPDR, XLV
0.85% Technology SPDR, XLK
0.74% Consumer Discretionary SPDR, XLY
0.30% Materials SPDR, XLB
-0.23% Financial SPDR, XLF
-0.38% Energy SPDR, XLE
-0.73% Industrial SPDR, XLI
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 6/25/08, 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 6/25/08, XLP /SPY Relative Strength Ratio rose to another new 12-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 6/25/08, the XLI/SPY Relative Strength Ratio fell to its lowest level in 5 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 and Relative Strength Ratio both fell to their lowest levels in 3 months on 6/25/08. Since 5/23/08, EFA has underperformed the U.S. stock market. 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 broke down below the lows of the previous 2 trading days. Oil appears to be consolidatingsideways within its 13-day tradingrange 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 broke down below the lows of the previous 6 trading days. 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 slightly lower. After a 5-day bounce, I expected that Bonds might attract profit taking.
The U.S. dollar broke down below the lows of the previous 11 trading days. The short-term trend is down. Intermediate-term, 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 33.7 % Bulls versus 39.3% Bears as of 6/25/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 0.86, down from 0.97 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 21.14. 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 26.39. 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 0.71, which indicates only slightly Bearish 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 1.61, which indicates neutral 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.
Todiscover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500 cash index (1,321.97):
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 (1,321.97):
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:
% Price Change, ETF Name,Symbol
3.39% Internet B2B H, BHH
2.86% Brazil Index, EWZ
2.84% Taiwan Index, EWT
2.81% Latin Am 40, ILF
2.55% Emerging 50 BLDRS, ADRE
2.47% Value S&P 500, RPV
2.34% Software H, SWH
2.25% Consumer Staples SPDR, XLP
2.23% China 25 iS, FXI
2.22% Leisure & Entertainment, PEJ
2.16% Ultra QQQ Double, QLD
1.97% Biotechnology, IBB
1.95% Homebuilders SPDR, XHB
1.89% Semiconductors, PSI
1.83% Retail, PMR
1.79% Emerging VIPERs, VWO
1.78% Value MidCap iS M, JKI
1.76% Retail H, RTH
1.75% Semiconductor iS GS, IGW
1.73% Broadband H, BDH
1.73% Value SmallCap S&P 600, RZV
1.72% Realty Cohen & Steers, ICF
1.69% Semiconductor SPDR, XSD
1.68% Software, PSJ
1.64% Technology MS sT, MTK
1.64% REIT VIPERs, VNQ
1.64% Internet Infrastructure H, IIH
1.63% Consumer Cyclical DJ, IYC
1.63% Internet Architecture H, IAH
1.62% Growth LargeCap NASDAQ 100, QQQQ
1.62% Financials Global LargeCap Value, IXG
1.58% Consumer D. VIPERs, VCR
1.58% Euro STOXX 50, FEZ
1.56% China LargeCap Growth G D H USX PS, PGJ
1.53% Value SmallCap Dynamic PS, PWY
1.52% Technology GS, IGM
1.51% Growth SmallCap R 2000, IWO
1.50% Technology Global, IXN
1.49% Global Titans, DGT
1.48% Info Tech VIPERs, VGT
1.46% Semiconductor H, SMH
1.46% Technology DJ US, IYW
1.45% Biotech & Genome, PBE
1.42% Growth LargeCap NASDAQ Fidelity, ONEQ
1.39% Wilshire 5000 ST TM, TMW
1.38% REIT Wilshire, RWR
1.37% Value Large Cap DJ, ELV
1.37% Telecommunications Global, IXP
1.34% Value LargeCap Euro STOXX 50 DJ, FEU
1.34% Europe 350 S&P Index, IEV
1.32% Pacific VIPERs, VPL
1.31% Software, IGV
1.31% Dividend High YieldEquity PS, PEY
1.30% SmallCap S&P 600, IJR
1.29% Networking, PXQ
1.28% Growth SmallCap Dynamic PS, PWT
1.27% Asia 50 BLDRS, ADRA
1.27% Japan LargeCap Blend TOPIX 150, ITF
1.24% Dividend International, PID
1.23% Value LargeCap NYSE 100 iS, NY
1.23% Value SmallCap Russell 2000, IWN
1.20% Networking, IGN
1.18% Utilities SPDR, XLU
1.17% Telecom H, TTH
1.17% Biotech SPDR, XBI
1.17% European VIPERs, VGK
1.15% Internet H, HHH
1.14% Value SmallCap S&P 600 B, IJS
1.14% Europe 100 BLDRS, ADRU
1.13% Growth SmallCap VIPERs, VBK
1.13% SmallCap Russell 2000, IWM
1.13% Consumer Staples VIPERs, VDC
1.12% Health Care SPDR, XLV
1.11% Telecom Services VIPERs, VOX
1.11% Pharmaceuticals, PJP
1.06% SmallCap PS Zacks, PZJ
1.03% Japan Index, EWJ
1.03% Value SmallCap VIPERS, VBR
1.03% Small Cap VIPERs, VB
1.02% Healthcare Global, IXJ
0.98% Value 40 Large Low P/E FT DB, FDV
0.98% Growth SmallCap iS M, JKK
0.97% Utilities, PUI
0.96% Ultra S&P500 Double, SSO
0.95% Growth Small Cap DJ, DSG
0.95% OTC Dynamic PS, PWO
0.94% Developed 100 BLDRS, ADRD
0.89% Health Care VIPERs, VHT
0.89% Microcap Russell, IWC
0.88% Singapore Index, EWS
0.87% Transportation Av DJ, IYT
0.87% Growth BARRA Small Cap 600, IJT
0.86% Value MidCap Russell, IWS
0.86% SmallCap Core iS M, JKJ
0.85% Technology SPDR, XLK
0.85% Emerging Markets, EEM
0.84% WilderHill Clean Energy PS, PBW
0.84% Value Small Cap DJ, DSV
0.84% Ultra MidCap400 Double, MVV
0.84% Extended Mkt VIPERs, VXF
0.83% Growth LargeCap Russell 3000, IWZ
0.82% Value SmallCap iS M, JKL
0.81% Silver Trust iS, SLV
0.80% Value MidCap Dynamic PS, PWP
0.79% Nanotech Lux, PXN
0.79% Dividend Achievers PS, PFM
0.79% LargeCap Blend S&P 100, OEF
0.79% LargeCap Rydex Rus Top 50, XLG
0.78% Value MidCap S&P 400, RFV
0.75% Australia Index, EWA
0.74% Consumer Discretionary SPDR, XLY
0.74% Real Estate US DJ, IYR
0.74% Capital Markets KWB ST, KCE
0.74% LargeCap Blend Russell 3000, IWV
0.74% Telecom DJ US, IYZ
0.73% Biotech H, BBH
0.73% Dividend Leaders, FDL
0.72% LargeCap Blend S&P=Weight R, RSP
0.72% Mexico Index, EWW
0.71% Hardware & Electronics, PHW
0.71% Blend Total Market VIPERs, VTI
0.71% Growth Mid Cap Dynamic PS, PWJ
0.71% Telecommunications & Wireless, PTE
0.71% Insurance, PIC
0.70% MidCap Russell, IWR
0.70% Value VIPERs, VTV
0.68% Consumer Non-Cyclical, IYK
0.68% Dividend Growth PS, PHJ
0.67% Dividend SPDR, SDY
0.67% Growth Large Cap, ELG
0.67% MidCap S&P 400 iS, IJH
0.66% Growth LargeCap iS M, JKE
0.64% Value LargeCap Fundamental RAFI 1000, PRF
0.63% LargeCap Blend NYSE Composite iS, NYC
0.63% LargeCap Blend Core iS M, JKD
0.62% Dividend Appreciation Vipers, VIG
0.62% LargeCap VIPERs, VV
0.62% MidCap Growth iS M, JKH
0.61% Micro Cap Zachs, PZI
0.61% Value S&P 500 B, IVE
0.61% MidCap Blend Core iS M, JKG
0.61% Growth MidCap Russell, IWP
0.60% Growth MidCap 400 B, IJK
0.60% MidCap VIPERs, VO
0.59% LargeCap 1000 R, IWB
0.59% S&P 500 iS LargeCap Blend, IVV
0.59% Growth VIPERs, VUG
0.58% Lg Cap Growth PSD, PWB
0.58% Value MidCap S&P 400 B, IJJ
0.56% Growth 1000 Russell, IWF
0.56% Pharmaceutical H, PPH
0.56% Value LargeCap iS M, JKF
0.54% Growth S&P 500/BARRA, IVW
0.53% MidCap S&P 400 SPDRs, MDY
0.50% Utilities VIPERs, VPU
0.49% Healthcare DJ, IYH
0.48% Value 1000 Russell, IWD
0.47% S&P 500 SPDRs LargeCap Blend, SPY
0.46% LargeCap Blend S&P 1500 iS, ISI
0.44% Financials VIPERs, VFH
0.44% Growth MidCap S&P 400, RFG
0.44% Utilities H, UTH
0.42% South Africa Index, EZA
0.39% Value LargeCap Russell 3000, IWW
0.38% IPOs, First Tr IPOX-100, FPX
0.38% Value LargeCap Dynamic PS, PWV
0.38% Pacific ex-Japan, EPP
0.34% Energy Global, IXC
0.32% South Korea Index, EWY
0.30% Materials SPDR, XLB
0.30% Global 100, IOO
0.30% LargeCap Blend Dynamic PS, PWC
0.29% Materials VIPERs, VAW
0.22% Food & Beverage, PBJ
0.17% Short 200% Dow 30 PS, DXD
0.15% Bank Regional H, RKH
0.15% LargeCap Blend Total Market DJ, IYY
0.14% LargeCap Blend Socially Responsible iS, KLD
0.08% Bond, Corp, LQD
0.08% Bond, TIPS, TIP
0.07% Bond, 1-3 Year Treasury, SHY
0.05% Bond, 20+ Years Treasury, TLT
0.05% Bond, Aggregate, AGG
0.05% Water Resources, PHO
0.03% Austria Index, EWO
0.00% Value Line Timeliness MidCap Gr, PIV
-0.01% Bond, 10 Year Treasury, IEF
-0.03% DIAMONDS (DJIA), DIA
-0.05% Utilities DJ, IDU
-0.05% Financial DJ US, IYF
-0.06% Short 100% Dow 30, DOG
-0.06% Gold Shares S.T., GLD
-0.19% Malaysia Index, EWM
-0.23% Ultra Dow30 Double, DDM
-0.23% Financial SPDR, XLF
-0.28% Growth S&P 500, RPG
-0.29% Spain Index, EWP
-0.31% Industrials VIPERs, VIS
-0.33% Metals & Mining SPDR, XME
-0.35% Building & Construction, PKB
-0.38% Energy SPDR, XLE
-0.38% Basic Materials DJ US, IYM
-0.38% Commodity Tracking, DBC
-0.42% Canada Index, EWC
-0.43% Industrial LargeCap Blend DJ US, IYJ
-0.47% Growth EAFE MSCI, EFG
-0.51% Hong Kong Index, EWH
-0.57% Short 100% S&P 500, SH
-0.62% Oil & Gas, PXJ
-0.64% Energy VIPERs, VDE
-0.65% Oil Services H, OIH
-0.65% Dividend DJ Select, DVY
-0.71% Financial Services DJ, IYG
-0.73% Industrial SPDR, XLI
-0.74% Energy DJ, IYE
-0.75% Switzerland Index, EWL
-0.78% Natural Resource iS GS, IGE
-0.82% EAFE Index, EFA
-0.93% Value EAFE MSCI, EFV
-1.11% Short 100% MidCap 400, MYY
-1.11% Short 200% S&P 500 PS, SDS
-1.19% Short 100% QQQ, PSQ
-1.37% Aerospace & Defense, PPA
-1.43% Short 200% MidCap 400 PS, MZZ
-1.60% United Kingdom Index, EWU
-1.68% Netherlands Index, EWN
-1.84% EMU Europe Index, EZU
-2.07% Energy Exploration & Prod, PXE
-2.14% Short 200% QQQ PS, QID
-2.19% Italy Index, EWI
-2.21% Oil, Crude, U.S. Oil Fund, USO
-2.26% France Index, EWQ
-2.52% Germany Index, EWG
-2.65% Sweden Index, EWD
-3.32% Belgium Index, EWK
