by Robert W. Colby, Senior Analyst TraderPlanet.com

Stock Market: A Japanese Candlestick Spinning Top has shadows longer than its real body, and it suggests indecision, a standoff of bullish and bearish forces.

Energy StockSector absolute price (XLE) and XLE/SPY Relative Strength Ratio both broke down to new 2-month lows, signaling an intermediate-term Secondary Correction Wave.

CRB index of commodity prices broke down to a new 5-week price low.

Crude Oil contract fell down 5.31 to 129.29, breaking down below the lows of the previous 6 weeks and signaling a short-term correction.

Gold appears to have entered a short-term correction phase.

U.S.Treasury Bond

September futures contract fell below the lows of the previous 3 weeks, confirming a short-term correction.

iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) absolute price broke down to another new 5-year low.

On Thursday,

major stock price indexes opened higher and traded choppy most of the day. Another drop in the price of crude oil and reports that corporate earnings might not be as bad as previously feared contributed to stock price firmness. The S&P 500 Index ETF (SPY) ended the session above the previous close, very near the open, and very near the midpoint of the High-Low range, making a Spinning Top. The S&P 500 rose above the highs of the previous 5 trading days, closing at 1,260.32, up 14.96 points or 1.20%. Total NYSE volume rose 5%.

The breadth of the market confirmed the minor price uptrend. The Advance-Decline balance ((A-D) / (A+D)) was 50.49%, the Up-Down Volume balance ((Up-Dn) / (Up+Dn)) was 57.26%, and the New Highs-New Lows balance ((H-L) / ( H+L)) was -88.17% on the NYSE. On 7/15/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 20-month lows, so major breadth trends remain Bearish.

The S&P 500 has fallen 11.66% since its rally high close of 1,426.63 on 5/19/08 and 19.48 % since its all-time high close of 1,565.15 on 10/9/07. On 7/15/08 it fell to its lowest level since 11/2/05. Consistently, I have been assuming that the U.S. stock market is in a Bearish Primary Trend, which was clearly signaled here on 11/21/07, when both the Dow-Jones Industrial and Transportation Averages closed below their respective closing price lows of August, 2007. The Primary Tide Trend is the dominant force, and it tends to overwhelm smaller trends and cycles. Even while emphasizing the Primary Tide Trend, short-termtraders

 must be always on the lookout for changes in the minor trends, which can be sudden and violent. The action of the past 2 days appears to be nothing more than a minor, counter trend, short-covering reaction against the major trend, which appears to have been temporarily overdone on the downside.

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
20.39% , BHH , Internet B2B H, BHH
40.25% , HBAN , HUNTINGTON
39.02% , MTG , MGIC INVESTMENT
1.62% , TMW , Wilshire 5000 ST TM, TMW
27.51% , WB , WACHOVIA
1.36% , ADRD , Developed 100 BLDRS, ADRD
12.33% , SHW , SHERWIN WILLIAMS
12.78% , BBT , BB&T
14.81% , COF , CAPITAL ONE FNCL
4.19% , ACE , ACE
2.89% , EWN , Netherlands Index, EWN
0.91% , DGT , Global Titans, DGT
6.93% , XHB , Homebuilders SPDR, XHB
17.83% , ETFC.O , E*TRADE FINANCIAL
1.54% , RPG , Growth S&P 500, RPG
13.52% , JPM , J P MORGAN CHASE
4.87% , KCE , Capital Markets KWB ST, KCE
9.92% , BLL , BALL
6.29% , SWK , STANLEY WORKS
10.95% , XL , XL CAPITAL STK A
9.57% , DDS , DILLARD STK A
7.05% , HOG , HARLEY DAVIDSON
4.43% , SDY ,Dividend SPDR, SDY
4.95% , MYL , MYLAN LABS
17.47% , CMA , COMERICA
13.54% , PNC , PNC FINL SVC
4.33% , EWD , Sweden Index, EWD
6.23% , FAST , Fastenal Company
15.02% , SNV , SYNOVUS
3.02% , PXQ , Networking, PXQ
9.33% , MS , MORGAN STANLEY
8.21% , SLM , SLM CORP
3.69% , WPI , WATSON PHARM
0.85% , EWI , Italy Index, EWI
1.11% , FPX , IPOs, First Tr IPOX-100, FPX
16.86% , ZION , ZIONS
7.38% , VMC , VULCAN MATERIALS
21.96% , FRE , FREDDIE MAC
6.26% , PHM , PULTE HOMES
1.43% , ELV , Value Large Cap DJ, ELV

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-13.88% , EBAY , EBAY
-49.35% , FLR , FLUOR
-7.66% , IGT , INTL GAME TECH
-10.76% , SWY , SAFEWAY
-11.08% , NUE , NUCOR
-6.64% , YUM , YUM BRANDS
-3.82% , KO , COCA COLA
-7.28% , BK , BANK OF NEW YORK
-5.94% , TXT , TEXTRON
-6.15% , PTEN , Patterson-UTI Energy Inc
-2.96% , WAT , WATERS
-4.59% , BJS , BJ SERVICES
-5.73% , X , US STEEL CORP
-6.54% , XTO , XTO ENERGY INC
-2.64% , SVU , SUPERVALU
-4.66% , WMB , WILLIAMS
-2.14% , DYN , DYNEGY
-2.80% , GR , GOODRICH CORP
-3.21% , TEVA , Teva PharmaceuticalIndustries Limited
-2.84% , LLL , L-3 COMMS HLDGS
-4.28% , ETR , ENTERGY
-0.44% , TTH , Telecom H, TTH
-4.09% , NCC , NATIONAL CITY
-2.92% , APA , APACHE
-1.59% , XLU , Utilities SPDR, XLU
-0.75% , TDC , Teradata Corporation, TDC
-3.91% , NEM , NEWMONT MINING
-5.99% , STLD , Steel Dynamics, STLD
-2.82% , NOC , NORTHROP GRUMMAN
-1.62% , IDU , Utilities DJ, IDU
-3.49% , DXD , Short 200% Dow 30 PS, DXD
-4.76% , PXE , Energy Exploration & Prod, PXE
-1.17% , GD , GENERAL DYNAMICS
-2.35% , DBC , Commodity Tracking, DBC
-1.43% , VPU , Utilities VIPERs, VPU
-3.27% , APC , ANADARKO PETRO
-2.09% , CZN , CITIZENS COMMS STK B
-2.99% , AA , ALCOA
-0.85% , PEP , PEPSICO
-3.02% , QCOM , QUALCOMM

Sectors: among the 9 major U.S. sectors, 7 rose and 2 fell.

Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
4.33% Financial SPDR, XLF
2.76% Industrial SPDR, XLI
1.03% Technology SPDR, XLK
0.99% Health Care SPDR, XLV
0.63% Materials SPDR, XLB
0.47% Consumer Discretionary SPDR, XLY
0.18% Consumer Staples SPDR, XLP
-1.59% Utilities SPDR, XLU
-1.64% Energy SPDR, XLE

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):

Consumer Staples (XLP) Neutral, Market Weight.

On 7/15/08, XLP /SPY Relative Strength Ratio rose to another new 5-year high, again confirming that the long-term trend is up.

Energy (XLE) Neutral, Market Weight. On 7/17/08, XLE absolute price and XLE/SPY Relative Strength Ratio both broke down to new 2-month lows, signaling an intermediate-term Secondary Correction Wave. On 7/1/08, XLE/SPY Relative Strength Ratio rose to another new all-time high, again confirming a long-term, Primary Tide Uptrend.

Materials (XLB) Neutral, Market Weight. On 7/10/08, XLB/SPY Relative Strength Ratio rose to another new all-time high, thereby confirming a major uptrend. But on 7/8/08, absolute price and XLB/SPY Relative Strength Ratio both fell to new 9-week lows, thereby suggesting an intermediate-term downside correction.

Health Care (XLV) Neutral, Market Weight. On 7/15/08, the XLV/SPY Relative Strength Ratio moved up to a new 5-month high.

Utilities (XLU) Neutral, Market Weight. On 7/17/08, XLU absolute price broke down to a new 3-month low, signaling an intermediate-term Secondary Correction Wave. On 7/15/08, XLU/SPY Relative Strength Ratio rose to a new all-time high, a confirming a long-term, Primary Tide Uptrend.

Technology (XLK) Bearish, Underweight. On 7/3/08, the XLK absolute price and the XLK/SPY Relative Strength Ratio both fell to their lowest levels in 6 weeks, thereby signaling a deteriorating intermediate-term trend. The XLK/SPY Relative Strength Ratio has been deteriorating since 6/6/08.

Industrial (XLI) Bearish, Underweight. On 7/2/08, both the XLI absolute price and the XLI/SPY Relative Strength Ratio fell to their lowest levels in more than 5 months, again confirming a Bearish trend.

Consumer Discretionary (XLY) Bearish, Underweight. On 7/15/08, XLY absolute price fell to its lowest level in 5 years. On 7/11/08, the XLY/SPY Relative Strength Ratio fell to its lowest levels in 6 months. Since 1/5/05, the XLY/SPY Relative Strength Ratio has underperformed substantially.

Financial (XLF) Bearish, Underweight. On 7/15/08, the XLF absolute price and the XLF/SPY Relative Strength Ratio both fell to their lowest level in 8 years, again confirming a Bearish Primary Tide Trend. Since 3/23/04, the XLF/SPY Relative Strength Ratio has underperformed substantially.

Foreign stock index EFA absolute price fell to its lowest level in 24 months on 7/15/08. Relative Strength Ratio fell to its lowest level in 3 months on 7/8/08. 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 Relative Strength Ratio broke out to a new 8-month high on 7/16/08. Absolute price rebounded after testing and holding its low of 3/17/08.

Growth Stock/Value Stock Relative Strength Ratio rose to a new 4-year high on 7/15/08. This ratio (IWF/IWD) has been in an uptrend since 8/8/06.

The Small Cap/Large Cap Relative Strength Ratio rose since its low on 7/3/08. The longer-term trend appears neutral.

Crude Oil August futures contract fell again, down 5.31 to 129.29, breaking down below the lows of the previous 6 weeks. The short-term trend appears corrective, while the long-term trend remains Bullish. 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 appears to have entered a short-term correction phase. On 7/15/08, Gold rose to a new 4-month high, confirming that the intermediate-term Secondary Wave and the long-term Primary Tide Trend for Gold remain Bullish.

U.S. Treasury Bond September futures contract fell below the lows of the previous 3 weeks, confirming a short-term correction. Bonds have been in a short-term downtrend since 7/15/08, in an intermediate-term uptrend since 6/13/08, and in a neutral sideways trend long-term since June 2003.

iShares Lehman TIPS Bond ETF (TIP) Strength Ratio Relative to iShares Lehman 7-10 Year Treasury ETF (IEF) broke out to a new 18-month high on 7/3/08.

iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) absolute price broke down to another new 5-year low on 7/16/08.

The U.S. dollar rose above the highs of the previous 3 trading days. Minor upside corrections against the major downtrend are normal. On 7/15/08, the dollar fell to its lowest price in 12-weeks. The most relevant trends appear Bearish.

The Art of Contrary Thinking: Traders need to be extremely nimble to keep up with rapid changes in the mass mood. The business and financial news has flipped from fear to hope and back again this year, creating higher levels of volatility. Investors might be wise to focus on risk control.

Sentiment/Contrary Opinion: There were 27.8% Bulls versus 48.9% Bears as of 7/9/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 0.57, down from 0.58 the previous week. This is the lowest level of the ratio since 1994. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47. Sentiment indicators are often early, and so should not be used on a stand-alone basis for market timing.

VIX Fear Index, now at 25.01, indicates rising fear since 5/15/08. 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, now at 29.87, shows rising fear since 5/16/08. Previously, 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 0.75, which indicates moderately Bearish sentiment. Its 4-year mean and median are 0.62, and its 4-year range is 0.35 to 1.28.

ISEE Call/Put Ratio is 1.04, which indicates Bearish sentiment. The ratio’s 4-year mean is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.16.

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. Rising commodity prices push up inflation.

A new intermediate-term down wave was signaled on 6/11/08, when the Dow-Jones Industrials and Transports both closed at new 7-week lows. 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 (1,245.36):

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 (1,245.36):

Potential Support
1,200.44, low of 7/15/2008
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

20.39% Internet B2B H, BHH
7.36% Bank Regional H, RKH
7.25% Financial Services DJ, IYG
6.93% Homebuilders SPDR, XHB
6.09% Dividend High Yield Equity PS, PEY
5.33% Financial DJ US, IYF
5.27% Dividend DJ Select, DVY
4.87% Capital Markets KWB ST, KCE
4.71% Value S&P 500, RPV
4.43% Dividend SPDR, SDY
4.33% Sweden Index, EWD
4.33% Financial SPDR, XLF
4.30% Dividend Leaders, FDL
3.87% South Africa Index, EZA
3.86% Financials VIPERs, VFH
3.86% Ultra Dow30 Double, DDM
3.85% Financials Global LargeCap Value, IXG
3.79% Belgium Index, EWK
3.57% Value MidCap S&P 400, RFV
3.51% Value SmallCap S&P 600, RZV
3.15% Value SmallCap iS M, JKL
3.02% Networking, PXQ
2.94% Semiconductor H, SMH
2.89% Netherlands Index, EWN
2.77% Consumer D. VIPERs, VCR
2.76% Industrial SPDR, XLI
2.65% France Index, EWQ
2.64% Spain Index, EWP
2.60% Dividend Growth PS, PHJ
2.58% EMU Europe Index, EZU
2.54% Austria Index, EWO
2.37% European VIPERs, VGK
2.37% Value EAFE MSCI, EFV
2.35% Water Resources, PHO
2.34% Value SmallCap Dynamic PS, PWY
2.33% Value SmallCap Russell 2000, IWN
2.30% Euro STOXX 50, FEZ
2.29% Taiwan Index, EWT
2.27% Value LargeCap Euro STOXX 50 DJ, FEU
2.23% Europe 350 S&P Index, IEV
2.23% Value SmallCap S&P 600 B, IJS
2.22% Value SmallCap VIPERS, VBR
2.20% Building & Construction, PKB
2.17% Microcap Russell, IWC
2.15% Semiconductor iS GS, IGW
2.15% Value LargeCap iS M, JKF
2.12% Value LargeCap Fundamental RAFI 1000, PRF
2.10% Value MidCap iS M, JKI
2.09% Value Small Cap DJ, DSV
2.06% Ultra MidCap400 Double, MVV
2.05% LargeCap Blend S&P=Weight R, RSP
2.00% Value 1000 Russell, IWD
1.97% Dividend International, PID
1.94% Value MidCap Russell, IWS
1.93% Value MidCap S&P 400 B, IJJ
1.92% LargeCap Blend Socially Responsible iS, KLD
1.92% Germany Index, EWG
1.89% Semiconductors, PSI
1.88% Value S&P 500 B, IVE
1.81% Value LargeCap Russell 3000, IWW
1.80% United Kingdom Index, EWU
1.79% Emerging VIPERs, VWO
1.78% Realty Cohen & Steers, ICF
1.78% Industrial LargeCap Blend DJ US, IYJ
1.76% DIAMONDS (DJIA), DIA
1.75% Software, IGV
1.71% Semiconductor SPDR, XSD
1.70% Retail H, RTH
1.68% Software H, SWH
1.67% Leisure & Entertainment, PEJ
1.66% Transportation Av DJ, IYT
1.66% Info Tech VIPERs, VGT
1.64% Technology Global, IXN
1.63% Small Cap VIPERs, VB
1.63% Biotech H, BBH
1.62% Wilshire 5000 ST TM, TMW
1.61% Real Estate US DJ, IYR
1.59% Consumer Cyclical DJ, IYC
1.57% MidCap VIPERs, VO
1.57% Internet Architecture H, IAH
1.56% REIT Wilshire, RWR
1.54% Growth S&P 500, RPG
1.54% Technology DJ US, IYW
1.53% Value VIPERs, VTV
1.52% EAFE Index, EFA
1.52% MidCap Blend Core iS M, JKG
1.52% SmallCap S&P 600, IJR
1.50% Internet Infrastructure H, IIH
1.49% Industrials VIPERs, VIS
1.47% MidCap S&P 400 iS, IJH
1.43% SmallCap Core iS M, JKJ
1.43% Value Large Cap DJ, ELV
1.41% LargeCap Blend S&P 100, OEF
1.41% Global 100, IOO
1.39% Technology GS, IGM
1.38% LargeCap Blend S&P 1500 iS, ISI
1.38% Insurance, PIC
1.36% Developed 100 BLDRS, ADRD
1.35% LargeCap VIPERs, VV
1.35% Dividend Achievers PS, PFM
1.32% Biotech SPDR, XBI
1.32% Software, PSJ
1.31% Networking, IGN
1.30% Growth EAFE MSCI, EFG
1.29% Singapore Index, EWS
1.23% S&P 500 iS LargeCap Blend, IVV
1.22% Switzerland Index, EWL
1.21% Retail, PMR
1.21% Growth MidCap S&P 400, RFG
1.20% REIT VIPERs, VNQ
1.20% MidCap Russell, IWR
1.19% Europe 100 BLDRS, ADRU
1.19% Technology MS sT, MTK
1.13% Nanotech Lux, PXN
1.13% LargeCap 1000 R, IWB
1.12% Extended Mkt VIPERs, VXF
1.11% IPOs, First Tr IPOX-100, FPX
1.11% Growth MidCap 400 B, IJK
1.10% Value 40 Large Low P/E FT DB, FDV
1.08% Pharmaceuticals, PJP
1.07% Growth LargeCap NASDAQ Fidelity, ONEQ
1.06% LargeCap Blend Russell 3000, IWV
1.06% LargeCap Rydex Rus Top 50, XLG
1.05% Biotechnology, IBB
1.05% Blend Total Market VIPERs, VTI
1.05% MidCap S&P 400 SPDRs, MDY
1.04% LargeCap Blend Total Market DJ, IYY
1.04% Growth Mid Cap Dynamic PS, PWJ
1.03% Technology SPDR, XLK
1.00% S&P 500 SPDRs LargeCap Blend, SPY
0.99% Health Care SPDR, XLV
0.98% Value LargeCap Dynamic PS, PWV
0.96% China 25 iS, FXI
0.93% LargeCap Blend NYSE Composite iS, NYC
0.91% Global Titans, DGT
0.90% Hardware & Electronics, PHW
0.90% Ultra S&P500 Double, SSO
0.89% LargeCap Blend Core iS M, JKD
0.88% SmallCap PS Zacks, PZJ
0.85% Italy Index, EWI
0.83% Growth MidCap Russell, IWP
0.83% Growth BARRA Small Cap 600, IJT
0.82% Growth SmallCap R 2000, IWO
0.81% Healthcare DJ, IYH
0.81% Pharmaceutical H, PPH
0.77% Value MidCap Dynamic PS, PWP
0.76% Dividend Appreciation Vipers, VIG
0.76% Value LargeCap NYSE 100 iS, NY
0.74% Growth 1000 Russell, IWF
0.73% Growth Large Cap, ELG
0.69% Growth VIPERs, VUG
0.66% Growth LargeCap NASDAQ 100, QQQQ
0.66% Biotech & Genome, PBE
0.65% Health Care VIPERs, VHT
0.63% Materials SPDR, XLB
0.61% Telecommunications & Wireless, PTE
0.60% Growth SmallCap Dynamic PS, PWT
0.56% Aerospace & Defense, PPA
0.55% Hong Kong Index, EWH
0.47% Consumer Discretionary SPDR, XLY
0.47% Emerging Markets, EEM
0.43% OTC Dynamic PS, PWO
0.43% Growth Small Cap DJ, DSG
0.40% Mexico Index, EWW
0.39% Telecom DJ US, IYZ
0.36% Short 200% QQQ PS, QID
0.34% Growth S&P 500/BARRA, IVW
0.32% Growth LargeCap iS M, JKE
0.30% Growth LargeCap Russell 3000, IWZ
0.25% Growth SmallCap iS M, JKK
0.21% MidCap Growth iS M, JKH
0.20% Australia Index, EWA
0.18% Consumer Staples SPDR, XLP
0.17% Telecommunications Global, IXP
0.16% Asia 50 BLDRS, ADRA
0.15% SmallCap Russell 2000, IWM
0.14% Consumer Non-Cyclical, IYK
0.14% Growth SmallCap VIPERs, VBK
0.13% Healthcare Global, IXJ
0.11% Pacific ex-Japan, EPP
0.04% LargeCap Blend Dynamic PS, PWC
-0.04% China LargeCap Growth G D H USX PS, PGJ
-0.06% Food & Beverage, PBJ
-0.10% WilderHill Clean Energy PS, PBW
-0.12% Telecom Services VIPERs, VOX
-0.14% Bond, 1-3 Year Treasury, SHY
-0.23% Japan LargeCap Blend TOPIX 150, ITF
-0.23% Gold Shares S.T., GLD
-0.23% Micro Cap Zachs, PZI
-0.31% Consumer Staples VIPERs, VDC
-0.31% Materials VIPERs, VAW
-0.34% Bond, Corp, LQD
-0.42% Ultra QQQ Double, QLD
-0.44% Telecom H, TTH
-0.44% Bond, Aggregate, AGG
-0.48% Bond, 10 Year Treasury, IEF
-0.49% Japan Index, EWJ
-0.52% Bond, 20+ Years Treasury, TLT
-0.55% Broadband H, BDH
-0.63% Canada Index, EWC
-0.65% Bond, TIPS, TIP
-0.66% Pacific VIPERs, VPL
-0.73% Short 100% QQQ, PSQ
-0.75% Emerging 50 BLDRS, ADRE
-0.77% Short 100% S&P 500, SH
-0.79% Value Line Timeliness MidCap Gr, PIV
-0.92% South Korea Index, EWY
-0.99% Malaysia Index, EWM
-1.02% Lg Cap Growth PSD, PWB
-1.21% Silver Trust iS, SLV
-1.28% Latin Am 40, ILF
-1.30% Oil Services H, OIH
-1.34% Short 100% MidCap 400, MYY
-1.40% Utilities, PUI
-1.43% Utilities VIPERs, VPU
-1.44% Energy DJ, IYE
-1.59% Utilities SPDR, XLU
-1.62% Utilities DJ, IDU
-1.64% Energy SPDR, XLE
-1.68% Energy VIPERs, VDE
-1.92% Basic Materials DJ US, IYM
-1.97% Utilities H, UTH
-2.03% Short 200% MidCap 400 PS, MZZ
-2.09% Short 100% Dow 30, DOG
-2.22% Short 200% S&P 500 PS, SDS
-2.25% Energy Global, IXC
-2.25% Natural Resource iS GS, IGE
-2.27% Oil & Gas, PXJ
-2.35% Commodity Tracking, DBC
-3.06% Brazil Index, EWZ
-3.25% Internet H, HHH
-3.41% Oil, Crude, U.S. Oil Fund, USO
-3.49% Short 200% Dow 30 PS, DXD
-4.76% Energy Exploration & Prod, PXE
-6.13% Metals & Mining SPDR, XME