Daily Stock Market Commentary – 7/30/2008

Stock Market: day to day movements can seem fairly random.

Another drop in the priceof crude oilcaught the attention of inter market analysts. Oil fell to a new 12-week low, again confirming a short-term correction phase.

The year’s worst performing stocks bounced the most. Bargain hunting is a time honored Wall Street pastime.

The Small Cap/Large Cap Relative Strength Ratio rose to a new 17-month high, confirming that main trend as Bullish.

Gold fell to a new 3-week low, confirming a short-term downtrend.

The U.S. dollar jumped sharply higher to a new 5-week high.

Day to day movements are not very predictable, but major trends tend to persist. There is no change in my general stock market interpretation: it appears to be a Primary Tide Bear Market. Such major trends can last longer and run further than most people imagine.

On Tuesday, major stock price indexes opened moderately higher and closed substantially higher in a Bullish trend day. A big drop in the price of crude oilwas a major positive inter market stimulant. The S&P 500 Index ETF (SPY) closed above the high and close of the previous trading day, way above the open, and far above the midpoint of the High-Low range. The S&P 500 cash index closed at 1,263.19, up 28.82 points or 2.33%. Total NYSE volume rose 26%, suggesting greater demand for stocks.

The breadth of the market improved. The Advance-Decline balance ((A-D) / (A+D)) was 53.57%, the Up-Down Volume balance ((Up-Dn) / (Up+Dn)) was 65.83%, and the New Highs-New Lows balance ((H-L) / ( H+L)) was -63.98% on the NYSE. The number of New Lows has exceeded the number of New Highs most days for more than a year, since July 2007, and that is one sign of a Bear Market. 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.

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
7.89% , MER , MERRILL LYNCH
14.06% , X , US STEEL CORP
1.45% , PWB , Lg Cap Growth PSD, PWB
3.86% , RFV , Value MidCap S&P 400, RFV
8.15% , CL , COLGATE
2.38% , HHH , Internet H, HHH
18.52% , VC , VISTEON
3.34% , VCR , Consumer D. VIPERs, VCR
21.26% , ABK , AMBAC FINL GRP
2.60% , JKJ , SmallCap Core iS M, JKJ
8.90% , PCL , PLUM CREEK TIMB
3.24% , EZA , South Africa Index, EZA
2.47% , ELV , Value Large Cap DJ, ELV
3.83% , PXN , Nanotech Lux, PXN
1.90% , VBK , Growth SmallCap VIPERs, VBK
3.69% , PKB , Building & Construction, PKB
8.03% , HIG , HARTFORD FINL
21.60% , MTG , MGIC INVESTMENT
2.62% , VB , Small Cap VIPERs, VB
10.94% , CTX , CENTEX
10.54% , JNS , JANUS CAPITAL
2.65% , MTK , Technology MS sT, MTK
14.83% , BAC , BANK OF AMERICA
6.88% , MHP , MCGRAW HILL
3.01% , PWY , Value SmallCap Dynamic PS, PWY
8.21% , BMS , BEMIS
2.92% , VIS , Industrials VIPERs, VIS
15.22% , MBI , MBIA
5.34% , WHR , WHIRLPOOL
4.70% , JBL , JABIL CIRCUIT
4.41% , THC , TENET HEALTHCARE
2.65% , PFM , Dividend Achievers PS, PFM
1.12% , KLD , LargeCap Blend Socially Responsible iS, KLD
8.24% , MAS , MASCO
8.18% , RKH , Bank Regional H, RKH
2.50% , XSD , Semiconductor SPDR, XSD
8.38% , XHB , Homebuilders SPDR, XHB
6.67% , FLEX , Flextronics International Ltd
4.65% , VNQ , REIT VIPERs, VNQ
3.94% , JKL , Value SmallCap iS M, JKL

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-15.96% , SIRI , Sirius Satellite
-2.29% , XL , XL CAPITAL STK A
-4.05% , CR , CRANE
-4.48% , PTEN , Patterson-UTI Energy Inc
-4.28% , XTO , XTO ENERGY INC
-1.44% , COH , COACH
-1.73% , BMY , BRISTOL MYERS
-1.35% , BCR , C R BARD
-1.96% , GRMN , GARMIN LTD
-4.34% , SDS , Short 200% S&P 500 PS, SDS
-4.30% , DXD , Short 200% Dow 30 PS, DXD
-1.17% , XRAY , DENTSPLY International Inc
-2.49% , USO , Oil, Crude, U.S. Oil Fund, USO
-1.00% , NCR , NCR
-1.14% , DBC , Commodity Tracking, DBC
-1.30% , PXJ , Oil & Gas, PXJ
-1.84% , EOG , EOG RESOURCES
-2.33% , SH , Short 100% S&P 500, SH
-2.60% , TEVA , Teva Pharmaceutical Industries Limited
-2.05% , BHI , BAKER HUGHES
-1.98% , DVN , DEVON ENERGY
-1.99% , PHJ , Dividend Growth PS, PHJ
-3.47% , APA , APACHE
-3.30% , APC , ANADARKO PETRO
-1.81% , PKI , PERKINELMER
-1.19% , IAU , Gold COMEX iS, IAU
-4.52% , NBR , NABORS
-2.30% , NEM , NEWMONT MINING
-1.24% , GLD , Gold Shares S.T., GLD
-1.01% , ZMH , ZIMMER HLDGS
-2.41% , COP , CONOCOPHILLIPS
-1.44% , SLB , SCHLUMBERGER
-3.02% , QID , Short 200% QQQ PS, QID
-3.86% , NE , NOBLE
-2.27% , MIL , MILLIPORE
-0.87% , DGX , QUEST DIAG
-0.44% , CI , CIGNA
-1.49% , MYY , Short 100% MidCap 400, MYY
-0.25% , CEPH , Cephalon Inc
-0.71% , D , DOMINION RSCS

Sectors: among the 9 major U.S. sectors, 8 rose and 1 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
8.09% Financial SPDR, XLF
3.77% Industrial SPDR, XLI
3.57% Consumer Discretionary SPDR, XLY
2.34% Consumer Staples SPDR, XLP
2.01% Technology SPDR, XLK
1.98% Materials SPDR, XLB
1.01% Health Care SPDR, XLV
0.13% Utilities SPDR, XLU
-1.19% 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.

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

Materials (XLB) Neutral, Market Weight. On 5/20/08, XLB absolute price and XLB/SPY Relative Strength Ratio both closed at new all-time highs, 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.

Energy (XLE) Neutral, Market Weight. On 7/23/08, XLE absolute price and XLE/SPY Relative Strength Ratio both broke down to new 11-week lows, confirming a short-term correction. On 7/1/08, XLE/SPY Relative Strength Ratio rose to another new all-time high, again confirming a long-term, Primary Tide Uptrend.

Industrial (XLI) Bearish, Underweight. On 7/2/08, XLI/SPY Relative Strength Ratio fell to its lowest levels in 25 weeks, again confirming a Bearish trend.

Utilities (XLU) Neutral, Market Weight. On 7/23/08, XLU absolute price and XLU/SPY Relative Strength Ratio both broke down to new 7-week lows, confirming a short-term correction. 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 7/22/08, XLK/SPY Relative Strength Ratio fell to its lowest levels in 12 weeks, again confirming a Bearish trend. 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.

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 Relative Strength Ratio has been in a falling trend since 5/23/08. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite Relative Strength Ratio has been in a rising trend since 3/3/08.

Growth Stock/Value Stock Relative Strength Ratio fell steeply to a new 7-week low on 7/23/08, confirming a short-term downward correction. Longer term, this ratio (IWF/IWD) has been in an uptrend since 8/8/06, and it rose to a new 4-year high on 7/15/08.

The Small Cap/Large Cap Relative Strength Ratio rose to a new 17-month high on 7/29/08. The main trend is confirmed Bullish.

Crude Oil September futures contract fell 2.54 to close at 122.19. On 7/29/08, oil fell to a new 12-week low, again confirming a short-term correction phase. 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 futures contract fell to a new 3-week low. Gold has been in a short-term downtrend since 7/15/08, in an intermediate-term uptrend since 5/2/08, and in a long-term uptrend since 8/25/1999.

Gold Mining stocks continue to underperform Gold futures.

U.S. Treasury Bond September futures contract eased slightly lower. 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 iBoxx $ Investment Grade Corporate Bond ETF (LQD) also eased lower. Absolute price broke down to another new 5-year low on 7/18/08, so the main trend is Bearish.

The U.S. dollar jumped sharply higher to a new 5-week high. The short-term trend is up, the intermediate-term trend is neutral sideways since March 2008, and the long-term trend remains 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 29.2% Bulls versus 49.4% Bears as of 7/23/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio rose to 0.59, up from 0.57 the previous week. That 0.57 was 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 22.03, indicates falling Fear since the peak at 28.48 on 7/14/08. Previously, 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 26.15, indicates falling Fear since the peak at 33.20 on 7/14/08. 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 0.66, which indicates Neutral 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 1.24, 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 Tide 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 (1,263.19):

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
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,292.17, high of 7/2/2008

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 (1,263.19):

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

10.00% Internet B2B H, BHH
8.38% Homebuilders SPDR, XHB
8.18% Bank Regional H, RKH
8.09% Financial SPDR, XLF
7.89%Financial ServicesDJ, IYG
6.83% Financials VIPERs, VFH
6.72% Financial DJ US, IYF
6.29% Capital Markets KWB ST, KCE
6.16% Dividend High Yield Equity PS, PEY
5.80% Realty Cohen & Steers, ICF
5.54% Emerging Markets, EEM
5.43% REIT Wilshire, RWR
5.03% WilderHill Clean Energy PS, PBW
5.01% Real Estate US DJ, IYR
4.66% Value SmallCap S&P 600, RZV
4.65% REIT VIPERs, VNQ
4.38% Ultra S&P500 Double, SSO
4.34% Transportation Av DJ, IYT
4.33% Dividend Leaders, FDL
4.18% Ultra MidCap400 Double, MVV
3.94% Value SmallCap iS M, JKL
3.93% Dividend SPDR, SDY
3.89% Ultra Dow30 Double, DDM
3.86% Value MidCap S&P 400, RFV
3.83% Nanotech Lux, PXN
3.77% Industrial SPDR, XLI
3.74% Software H, SWH
3.69% Building & Construction, PKB
3.61% Financials Global LargeCap Value, IXG
3.61% Retail H, RTH
3.57% Consumer Discretionary SPDR, XLY
3.51% Value S&P 500, RPV
3.44% Dividend DJ Select, DVY
3.34% Consumer D. VIPERs, VCR
3.27% Value SmallCap Russell 2000, IWN
3.24% South Africa Index, EZA
3.21% Broadband H, BDH
3.15% Value LargeCap iS M, JKF
3.10% Value S&P 500 B, IVE
3.01% Value SmallCap Dynamic PS, PWY
2.99% Ultra QQQ Double, QLD
2.96% China 25 iS, FXI
2.95% Metals & Mining SPDR, XME
2.94% Value SmallCap VIPERS, VBR
2.93% LargeCap Blend S&P=Weight R, RSP
2.93% Value SmallCap S&P 600 B, IJS
2.92% Industrials VIPERs, VIS
2.90% Consumer Cyclical DJ, IYC
2.84% Value MidCap Russell, IWS
2.84% Value LargeCap Fundamental RAFI 1000, PRF
2.81% Spain Index, EWP
2.77% Value MidCap S&P 400 B, IJJ
2.76% Value Small Cap DJ, DSV
2.70% Retail, PMR
2.70% Value LargeCap Russell 3000, IWW
2.69% China LargeCap Growth G D H USX PS, PGJ
2.65% Dividend Achievers PS, PFM
2.65% Technology MS sT, MTK
2.63% Semiconductors, PSI
2.63% Value 1000 Russell, IWD
2.63% Microcap Russell, IWC
2.62% Small Cap VIPERs, VB
2.61% Austria Index, EWO
2.60% SmallCap Core iS M, JKJ
2.59% Value VIPERs, VTV
2.57% Micro Cap Zachs, PZI
2.57% Semiconductor iS GS, IGW
2.56% Software, IGV
2.55% Mexico Index, EWW
2.55% Value MidCap iS M, JKI
2.53% Info Tech VIPERs, VGT
2.53% SmallCap S&P 600, IJR
2.50% Semiconductor SPDR, XSD
2.48% Value LargeCap Dynamic PS, PWV
2.47% Value Large Cap DJ, ELV
2.46% Leisure & Entertainment, PEJ
2.45% SmallCap Russell 2000, IWM
2.42% Growth LargeCap NASDAQ Fidelity, ONEQ
2.39% Industrial LargeCap Blend DJ US, IYJ
2.38% Internet H, HHH
2.35% Latin Am 40, ILF
2.34% Consumer Staples SPDR, XLP
2.29% LargeCap Blend S&P 1500 iS, ISI
2.29% Materials VIPERs, VAW
2.28% Extended Mkt VIPERs, VXF
2.28% LargeCap 1000 R, IWB
2.27% Networking, IGN
2.25% DIAMONDS (DJIA), DIA
2.23% LargeCap Blend Russell 3000, IWV
2.21% LargeCap Blend Total Market DJ, IYY
2.19% SmallCap PS Zacks, PZJ
2.17% Value Line Timeliness MidCap Gr, PIV
2.17% Internet Infrastructure H, IIH
2.17% Hong Kong Index, EWH
2.16% LargeCap Blend S&P 100, OEF
2.14% S&P 500 SPDRs LargeCap Blend, SPY
2.12% Growth BARRA Small Cap 600, IJT
2.12% Blend Total Market VIPERs, VTI
2.10% LargeCap Rydex Rus Top 50, XLG
2.10% S&P 500 iS LargeCap Blend, IVV
2.09% LargeCap VIPERs, VV
2.07% Growth LargeCap NASDAQ 100, QQQQ
2.07% MidCap S&P 400 SPDRs, MDY
2.07% MidCap S&P 400 iS, IJH
2.06% Emerging 50 BLDRS, ADRE
2.06% South Korea Index, EWY
2.06% Wilshire 5000 ST TM, TMW
2.04% Value LargeCap NYSE 100 iS, NY
2.04% Singapore Index, EWS
2.02% MidCap Russell, IWR
2.01% Technology SPDR, XLK
2.01% Aerospace & Defense, PPA
1.98% Materials SPDR, XLB
1.97% Growth SmallCap R 2000, IWO
1.97% Growth SmallCap Dynamic PS, PWT
1.97% MidCap Blend Core iS M, JKG
1.96% Networking, PXQ
1.95% Global Titans, DGT
1.94% Consumer Non-Cyclical, IYK
1.93% Growth Small Cap DJ, DSG
1.93% Technology GS, IGM
1.93% Growth MidCap Russell, IWP
1.92% LargeCap Blend Dynamic PS, PWC
1.92% MidCap Growth iS M, JKH
1.90% Growth SmallCap VIPERs, VBK
1.90% Dividend Appreciation Vipers, VIG
1.90% Basic Materials DJ US, IYM
1.89% Dividend International, PID
1.89% Technology DJ US, IYW
1.89% Consumer Staples VIPERs, VDC
1.89% LargeCap Blend NYSE Composite iS, NYC
1.89% MidCap VIPERs, VO
1.85% Asia 50 BLDRS, ADRA
1.83% Brazil Index, EWZ
1.82% Internet Architecture H, IAH
1.76% Growth SmallCap iS M, JKK
1.76% Semiconductor H, SMH
1.75% Growth Large Cap, ELG
1.74% Telecommunications & Wireless, PTE
1.71% Growth S&P 500, RPG
1.71% LargeCap Blend Core iS M, JKD
1.69% Growth LargeCap Russell 3000, IWZ
1.67% IPOs, First Tr IPOX-100, FPX
1.65% OTC Dynamic PS, PWO
1.64% Growth MidCap 400 B, IJK
1.62% Growth MidCap S&P 400, RFG
1.60% Europe 100 BLDRS, ADRU
1.56% Software, PSJ
1.51% Insurance, PIC
1.51% Technology Global, IXN
1.49% Growth Mid Cap Dynamic PS, PWJ
1.49% Growth LargeCap iS M, JKE
1.45% Lg Cap Growth PSD, PWB
1.44% Global 100, IOO
1.42% Pacific ex-Japan, EPP
1.41% Developed 100 BLDRS, ADRD
1.41% Value MidCap Dynamic PS, PWP
1.40% Telecommunications Global, IXP
1.39% Growth 1000 Russell, IWF
1.39% Malaysia Index, EWM
1.38% Growth VIPERs, VUG
1.38% Netherlands Index, EWN
1.34% Growth S&P 500/BARRA, IVW
1.34% Value LargeCap Euro STOXX 50 DJ, FEU
1.29% Germany Index, EWG
1.25% Switzerland Index, EWL
1.24% Growth EAFE MSCI, EFG
1.22% Euro STOXX 50, FEZ
1.18% Telecom DJ US, IYZ
1.17% Hardware & Electronics, PHW
1.13% United Kingdom Index, EWU
1.12% LargeCap Blend Socially Responsible iS, KLD
1.11% Europe 350 S&P Index, IEV
1.09% Food & Beverage, PBJ
1.07% Biotech SPDR, XBI
1.01% Health Care SPDR, XLV
1.00% Water Resources, PHO
0.99% Biotech H, BBH
0.99% EAFE Index, EFA
0.93% European VIPERs, VGK
0.90% EMU Europe Index, EZU
0.89% Australia Index, EWA
0.84% Sweden Index, EWD
0.80% France Index, EWQ
0.80% Biotech & Genome, PBE
0.78% Healthcare Global, IXJ
0.73% Telecom Services VIPERs, VOX
0.72% Utilities, PUI
0.68% Italy Index, EWI
0.60% Pacific VIPERs, VPL
0.59% Health Care VIPERs, VHT
0.58% Japan Index, EWJ
0.53% Value 40 Large Low P/E FT DB, FDV
0.53% Telecom H, TTH
0.50% Healthcare DJ, IYH
0.49% Japan LargeCap Blend TOPIX 150, ITF
0.45% Biotechnology, IBB
0.37% Utilities H, UTH
0.33% Value EAFE MSCI, EFV
0.33% Canada Index, EWC
0.30% Utilities DJ, IDU
0.28% Taiwan Index, EWT
0.28% Pharmaceuticals, PJP
0.23% Utilities VIPERs, VPU
0.13% Utilities SPDR, XLU
0.11% Belgium Index, EWK
0.04% Pharmaceutical H, PPH
-0.08% Bond, 1-3 Year Treasury, SHY
-0.12% Energy Global, IXC
-0.12% Bond, Aggregate, AGG
-0.18% Emerging VIPERs, VWO
-0.25% Bond, Corp, LQD
-0.29% Bond, 10 Year Treasury, IEF
-0.41% Bond, 20+ Years Treasury, TLT
-0.68% Bond, TIPS, TIP
-0.98% Silver Trust iS, SLV
-1.03% Energy DJ, IYE
-1.10% Energy VIPERs, VDE
-1.14% Commodity Tracking, DBC
-1.16% Natural Resource iS GS, IGE
-1.19% Energy SPDR, XLE
-1.24% Gold Shares S.T., GLD
-1.30% Oil & Gas, PXJ
-1.49% Short 100% MidCap 400, MYY
-1.63% Oil Services H, OIH
-1.97% Short 100% QQQ, PSQ
-1.99% Dividend Growth PS, PHJ
-2.25% Short 100% Dow 30, DOG
-2.33% Short 100% S&P 500, SH
-2.49% Oil, Crude, U.S. Oil Fund, USO
-2.85% Energy Exploration & Prod, PXE
-3.02% Short 200% QQQ PS, QID
-3.93% Short 200% MidCap 400 PS, MZZ
-4.30% Short 200% Dow 30 PS, DXD
-4.34% Short 200% S&P 500 PS, SDS