by Robert W. Colby, Senior Analyst TraderPlanet.com
Stock Market: indexes broke down from a Bearish Rising Wedge.
Financial and Consumer Discretionary stocks were the downside leaders.
On Tuesday , the Standard & Poor’s 500 cash index (1,266.69) fell 11.91 points or 0.93% to finish below the closes of the previous 7 trading days and below a 5-week uptrend line that formed the lower boundary line of a Bearish Rising Wedge. The S&P should waste little time before testing or breaking its low of 1,200.44 set on 7/15/2008.
Total NYSE volume rose 9% to confirm the price breakdown. Previously, volume had been slowing since the rally started following the low on 7/15/2008, which is typical of the now completed Bearish Rising Wedge pattern on the price chart.
The S&P had been in an irregular firming trend from the intraday low of 1,200.44 on 7/15/2008 to the intraday high at 1,313.15 on 8/11/2008. I had been assuming that upmove was nothing more than a normal oversold bounce in a Bear Market, and now that assumption appears more probably correct. The S&P has been in a long-term downtrend since the intraday high of 1,576.09 on 10/11/2007.
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
4.23% , FII , FED INVESTORS STK B
4.03% , PXE , Energy Exploration & Prod, PXE
5.00% , SIRI , Sirius Satellite
3.78% , WMB , WILLIAMS
5.43% , EOG , EOG RESOURCES
1.72% , SGP , SCHERING PLOUGH
2.97% , XTO , XTO ENERGY INC
1.55% , DBC , Commodity Tracking, DBC
3.59% , XLE , Energy SPDR, XLE
2.63% , IYE , Energy DJ, IYE
3.69% , HMA , HEALTH MGMT STK A
1.95% , MDT , MEDTRONIC
4.69% , NBR , NABORS
2.35% , RDC , ROWAN COMPANIES
1.94% , STLD , Steel Dynamics, STLD
0.73% , SH , Short 100% S&P 500, SH
1.87% , IXC , Energy Global, IXC
2.17% , NUE , NUCOR
2.96% , PTEN , Patterson-UTI Energy Inc
0.92% , MYY , Short 100% MidCap 400, MYY
2.51% , XME , Metals & Mining SPDR, XME
4.65% , APA , APACHE
2.15% , SDS , Short 200% S&P 500 PS, SDS
1.62% , USO , Oil, Crude, U.S. Oil Fund, USO
1.24% , SLV , Silver Trust iS, SLV
2.34% , EP , EL PASO
2.92% , COP , CONOCOPHILLIPS
3.56% , X , US STEEL CORP
1.89% , EWZ , Brazil Index, EWZ
1.31% , TE , TECO ENERGY
2.72% , IGE , Natural Resource iS GS, IGE
2.21% , MZZ , Short 200% MidCap 400 PS, MZZ
1.49% , ILF , Latin Am 40, ILF
0.61% , CBE , COOPER INDS STK A
2.07% , GLD , Gold Shares S.T., GLD
2.70% , DXD , Short 200% Dow 30 PS, DXD
2.49% , HAL , HALLIBURTON
1.08% , PSQ , Short 100% QQQ, PSQ
1.85% , NEM , NEWMONT MINING
4.58% , DVN , DEVON ENERGY
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-15.97% , SLM , SLM CORP
-1.28% , ELV , Value Large Cap DJ, ELV
-1.36% , PJP , Pharmaceuticals, PJP
-13.04% , LEH , LEHMAN BROS HLDG
-1.49% , PMR , Retail, PMR
-4.19% , SPLS , STAPLES
-0.74% , RPG , Growth S&P 500, RPG
-0.91% , IYK , Consumer Non-Cyclical, IYK
-1.62% , HHH , Internet H, HHH
-2.85% , PEY , Dividend High Yield Equity PS, PEY
-4.32% , WYNN , Wynn Resorts L
-1.49% , ADRU , Europe 100 BLDRS, ADRU
-2.29% , IXG , Financials Global LargeCap Value, IXG
-1.38% , PWY , Value SmallCap Dynamic PS, PWY
-3.62% , TYC , TYCO INTL
-5.93% , AIG , AMER INTL GROUP
-3.27% , ACE , ACE
-5.61% , BBT , BB&T
-4.53% , NSM , NATL SEMICONDUCT
-4.26% , FITB , FIFTH THIRD BANC
-1.03% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-3.32% , NIHD , NII Holdings, Inc.
-3.50% , FDX , FEDEX
-3.72% , ERIC.O , LM Ericsson Telephone Company
-2.37% , XSD , Semiconductor SPDR, XSD
-1.23% , IJJ , Value MidCap S&P 400 B, IJJ
-7.38% , AN , AUTONATION
-7.91% , SANM , SANMINA
-1.55% , PZI , Micro Cap Zachs, PZI
-11.49% , MTG , MGIC INVESTMENT
-2.05% , RWR , REIT Wilshire, RWR
-1.33% , EZA , South Africa Index, EZA
-5.60% , DRI , DARDEN REST
-3.12% , HAS , HASBRO
-2.29% , VOX , Telecom Services VIPERs, VOX
-2.49% , ADP , AUTOMATIC DATA
-2.84% , AET , AETNA
-3.52% , TXT , TEXTRON
-2.00% , PHJ , Dividend Growth PS, PHJ
-3.15% , CMI , CUMMINS
Sectors: among the 9 major U.S. sectors, 2 rose and 7 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
3.59% Energy SPDR, XLE
0.54% Utilities SPDR, XLU
-0.45% Health Care SPDR, XLV
-0.62% Materials SPDR, XLB
-1.25% Industrial SPDR, XLI
-1.35% Consumer Staples SPDR, XLP
-1.75% Technology SPDR, XLK
-1.86% Consumer Discretionary SPDR, XLY
-2.92% 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):
Consumer Staples (XLP) Neutral, Market Weight. On 8/12/08, 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 8/13/08, the XLV/SPY Relative Strength Ratio moved up to a new 7-month high, confirming an intermediate-term upside correction.
Technology (XLK) Neutral, Market Weight. Since making a 10-month low on 2/25/08, XLK/SPY Relative Strength Ratio has firmed up, producing a rise in this ranking.
Energy (XLE) Bearish, Underweight. On 8/11/08, both the XLE absolute price and the XLE/SPY Relative Strength Ratio fell to new 5-month lows, thereby suggesting an intermediate-term downside correction.
Materials (XLB) Bearish, Underweight. On 8/4/08, both the XLB absolute price and the XLB/SPY Relative Strength Ratio fell to new 3-month lows, thereby suggesting an intermediate-term downside correction.
Industrial (XLI) Bearish, Underweight. Since making a 5-month low on 7/2/08, XLI/SPY Relative Strength Ratio has firmed up, producing a rise in this ranking.
Utilities (XLU) Bearish, Underweight. On 8/15/08, XLU/SPY Relative Strength Ratio broke down to a new 4-month low, confirming an intermediate-term downside correction.
Consumer Discretionary (XLY) Bearish, Underweight. On 7/15/08, XLY absolute price fell to its lowest level in 5 years. 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 fell to a new 26-month low on 8/19/08 and 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 stabilized since making a new 7-week low on 7/23/08. The short-term trend is neutral. 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 turned down moderately after making a new 27-month high on 8/14/08. The long-term trend has been Bullish most of the time since 4/8/99.
Crude Oil futures contract reversed to the upside, moving above the highs of the previous 2 trading days. The short-term trend appears uncertain. The intermediate-term trend remains down. 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 futures contract reversed to the upside, moving above the highs of the previous 2 trading days. The short-term trend appears uncertain. Gold has been in an intermediate-term downtrend since the peak of 1033.90 on 3/17/08. Gold has been in a long-term uptrend since 8/25/1999.
Gold Mining stocks continue to underperform Gold futures.
U.S. Treasury Bond futures contract eased moderately lower but the short-term trend remains up. Bonds made a new 4-month high on 8/15/08 and have been in an intermediate-term uptrend since 6/13/08. Long term, Bonds have been in a neutral sideways trend since June 2003.
The U.S. dollar trend reversed direction and could correct to the downside in the short-term. The intermediate-term trend direction remains up. 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 31.8% Bulls versus 45.5% Bears as of 8/13/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 0.70, down from 0.78 the previous week. The low of 0.57 on 7/16/08 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.
VIX Fear Index, now at 21.28, 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 24.21, 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 0.85, which indicates 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 1.18, 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.
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.
The breadth of the market has been in a relatively Bearish trend long term since June 2007. 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.
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 (1,266.69):
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
1,313.15 high of 8/11/2008
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 (1,266.69):
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
4.03% Energy Exploration & Prod, PXE
3.59% Energy SPDR, XLE
3.36% Oil Services H, OIH
2.72% Natural Resource iS GS, IGE
2.70% Short 200% Dow 30 PS, DXD
2.65% Energy VIPERs, VDE
2.63% Energy DJ, IYE
2.51% Metals & Mining SPDR, XME
2.32% Short 200% QQQ PS, QID
2.21% Short 200% MidCap 400 PS, MZZ
2.15% Short 200% S&P 500 PS, SDS
2.07% Gold Shares S.T., GLD
2.03% Oil & Gas, PXJ
1.89% Brazil Index, EWZ
1.87% Energy Global, IXC
1.62% Oil, Crude, U.S. Oil Fund, USO
1.55% Commodity Tracking, DBC
1.49% Latin Am 40, ILF
1.24% Silver Trust iS, SLV
1.17% Short 100% Dow 30, DOG
1.08% Short 100% QQQ, PSQ
0.92% Short 100% MidCap 400, MYY
0.73% Short 100% S&P 500, SH
0.54% Utilities SPDR, XLU
0.51% Basic Materials DJ US, IYM
0.28% Emerging 50 BLDRS, ADRE
0.18% Utilities H, UTH
0.16% Utilities DJ, IDU
0.09% Mexico Index, EWW
0.07% Bond, 1-3 Year Treasury, SHY
0.00% Canada Index, EWC
-0.03% Utilities VIPERs, VPU
-0.08% Bond, Aggregate, AGG
-0.10% Bond, TIPS, TIP
-0.11% Utilities, PUI
-0.12% Software H, SWH
-0.15% Bond, 10 Year Treasury, IEF
-0.16% Bond, Corp, LQD
-0.23% Value Line Timeliness MidCap Gr, PIV
-0.25% Healthcare Global, IXJ
-0.30% Growth LargeCap iS M, JKE
-0.32% Pharmaceutical H, PPH
-0.35% Growth S&P 500/BARRA, IVW
-0.39% Bond, 20+ Years Treasury, TLT
-0.39% Materials VIPERs, VAW
-0.45% Health Care SPDR, XLV
-0.57% MidCap Growth iS M, JKH
-0.59% Value LargeCap NYSE 100 iS, NY
-0.59% Lg Cap Growth PSD, PWB
-0.62% Materials SPDR, XLB
-0.63% Internet Infrastructure H, IIH
-0.66% LargeCap Blend Dynamic PS, PWC
-0.67% OTC Dynamic PS, PWO
-0.68% Value VIPERs, VTV
-0.69% Biotech H, BBH
-0.70% Switzerland Index, EWL
-0.74% Growth S&P 500, RPG
-0.74% Growth MidCap 400 B, IJK
-0.77% WilderHill Clean Energy PS, PBW
-0.77% Growth Large Cap, ELG
-0.77% Germany Index, EWG
-0.78% Healthcare DJ, IYH
-0.79% Telecommunications Global, IXP
-0.81% Growth Mid Cap Dynamic PS, PWJ
-0.81% Value LargeCap iS M, JKF
-0.84% Emerging Markets, EEM
-0.84% Italy Index, EWI
-0.85% Growth LargeCap Russell 3000, IWZ
-0.85% IPOs, First Tr IPOX-100, FPX
-0.86% Growth EAFE MSCI, EFG
-0.86% EMU Europe Index, EZU
-0.88% LargeCap Blend NYSE Composite iS, NYC
-0.90% MidCap VIPERs, VO
-0.91% Consumer Staples VIPERs, VDC
-0.91% LargeCap Rydex Rus Top 50, XLG
-0.91% Consumer Non-Cyclical, IYK
-0.91% Dividend Appreciation Vipers, VIG
-0.92% LargeCap Blend Socially Responsible iS, KLD
-0.92% LargeCap Blend Total Market DJ, IYY
-0.93% LargeCap 1000 R, IWB
-0.93% Growth 1000 Russell, IWF
-0.94% Emerging VIPERs, VWO
-0.94% Growth MidCap S&P 400, RFG
-0.95% LargeCap VIPERs, VV
-0.97% Info Tech VIPERs, VGT
-0.99% Technology MS sT, MTK
-1.00% S&P 500 iS LargeCap Blend, IVV
-1.01% LargeCap Blend Russell 3000, IWV
-1.03% Aerospace & Defense, PPA
-1.03% Value LargeCap Euro STOXX 50 DJ, FEU
-1.03% MidCap S&P 400 SPDRs, MDY
-1.04% MidCap S&P 400 iS, IJH
-1.04% European VIPERs, VGK
-1.04% LargeCap Blend S&P 100, OEF
-1.04% Growth VIPERs, VUG
-1.05% Blend Total Market VIPERs, VTI
-1.06% Singapore Index, EWS
-1.07% Developed 100 BLDRS, ADRD
-1.08% Insurance, PIC
-1.08% Taiwan Index, EWT
-1.09% S&P 500 SPDRs LargeCap Blend, SPY
-1.09% Hardware & Electronics, PHW
-1.10% France Index, EWQ
-1.10% Food & Beverage, PBJ
-1.10% Value Small Cap DJ, DSV
-1.11% Health Care VIPERs, VHT
-1.11% LargeCap Blend S&P 1500 iS, ISI
-1.12% China LargeCap Growth G D H USX PS, PGJ
-1.13% EAFE Index, EFA
-1.13% Growth MidCap Russell, IWP
-1.14% Growth SmallCap R 2000, IWO
-1.15% Global Titans, DGT
-1.16% Biotech SPDR, XBI
-1.16% LargeCap Blend Core iS M, JKD
-1.17% Global 100, IOO
-1.17% Pacific ex-Japan, EPP
-1.19% DIAMONDS (DJIA), DIA
-1.19% Software, IGV
-1.20% Technology Global, IXN
-1.21% United Kingdom Index, EWU
-1.22% Australia Index, EWA
-1.22% MidCap Russell, IWR
-1.22% Europe 350 S&P Index, IEV
-1.23% Value MidCap S&P 400 B, IJJ
-1.23% Technology GS, IGM
-1.23% Value LargeCap Russell 3000, IWW
-1.24% Growth LargeCap NASDAQ 100, QQQQ
-1.25% Industrial SPDR, XLI
-1.25% SmallCap PS Zacks, PZJ
-1.26% Extended Mkt VIPERs, VXF
-1.27% Nanotech Lux, PXN
-1.27% Euro STOXX 50, FEZ
-1.28% Value Large Cap DJ, ELV
-1.28% Growth LargeCap NASDAQ Fidelity, ONEQ
-1.29% Value MidCap Dynamic PS, PWP
-1.31% Wilshire 5000 ST TM, TMW
-1.33% Internet Architecture H, IAH
-1.33% South Africa Index, EZA
-1.33% Networking, IGN
-1.33% Software, PSJ
-1.34% Value LargeCap Dynamic PS, PWV
-1.34% Value 40 Large Low P/E FT DB, FDV
-1.35% Consumer Staples SPDR, XLP
-1.35% Water Resources, PHO
-1.36% Pharmaceuticals, PJP
-1.36% Growth Small Cap DJ, DSG
-1.37% Dividend Achievers PS, PFM
-1.38% Value SmallCap Dynamic PS, PWY
-1.39% Growth SmallCap iS M, JKK
-1.39% Value LargeCap Fundamental RAFI 1000, PRF
-1.40% Biotech & Genome, PBE
-1.42% Small Cap VIPERs, VB
-1.43% China 25 iS, FXI
-1.43% MidCap Blend Core iS M, JKG
-1.45% Belgium Index, EWK
-1.46% Japan LargeCap Blend TOPIX 150, ITF
-1.47% Value 1000 Russell, IWD
-1.47% Growth BARRA Small Cap 600, IJT
-1.47% Spain Index, EWP
-1.49% Retail, PMR
-1.49% Europe 100 BLDRS, ADRU
-1.49% Technology DJ US, IYW
-1.51% Semiconductors, PSI
-1.51% Pacific VIPERs, VPL
-1.51% Biotechnology, IBB
-1.51% Value MidCap Russell, IWS
-1.51% Value EAFE MSCI, EFV
-1.53% Dividend DJ Select, DVY
-1.53% LargeCap Blend S&P=Weight R, RSP
-1.53% Netherlands Index, EWN
-1.54% Growth SmallCap VIPERs, VBK
-1.55% Micro Cap Zachs, PZI
-1.55% Asia 50 BLDRS, ADRA
-1.56% Value MidCap iS M, JKI
-1.58% SmallCap Core iS M, JKJ
-1.58% Japan Index, EWJ
-1.62% Internet H, HHH
-1.63% SmallCap S&P 600, IJR
-1.65% Value S&P 500 B, IVE
-1.66% Austria Index, EWO
-1.66% SmallCap Russell 2000, IWM
-1.66% Networking, PXQ
-1.68% Value SmallCap Russell 2000, IWN
-1.68% Microcap Russell, IWC
-1.68% Telecommunications & Wireless, PTE
-1.70% Value SmallCap VIPERS, VBR
-1.72% Value SmallCap S&P 600 B, IJS
-1.74% Industrial LargeCap Blend DJ US, IYJ
-1.74% Growth SmallCap Dynamic PS, PWT
-1.75% Broadband H, BDH
-1.75% Technology SPDR, XLK
-1.81% Telecom H, TTH
-1.82% Industrials VIPERs, VIS
-1.86% Consumer Discretionary SPDR, XLY
-1.86% Building & Construction, PKB
-1.87% Semiconductor iS GS, IGW
-1.90% Dividend International, PID
-1.92% Value MidCap S&P 400, RFV
-1.98% Retail H, RTH
-1.98% Dividend SPDR, SDY
-2.00% Dividend Growth PS, PHJ
-2.01% Value S&P 500, RPV
-2.05% REIT Wilshire, RWR
-2.06% Real Estate US DJ, IYR
-2.10% Consumer Cyclical DJ, IYC
-2.11% South Korea Index, EWY
-2.11% Telecom DJ US, IYZ
-2.15% Ultra S&P500 Double, SSO
-2.16% Malaysia Index, EWM
-2.18% Ultra MidCap400 Double, MVV
-2.21% Transportation Av DJ, IYT
-2.21% Value SmallCap iS M, JKL
-2.24% Consumer D. VIPERs, VCR
-2.29% Telecom Services VIPERs, VOX
-2.29% Financials Global LargeCap Value, IXG
-2.32% Ultra Dow30 Double, DDM
-2.33% Semiconductor H, SMH
-2.33% Realty Cohen & Steers, ICF
-2.37% Semiconductor SPDR, XSD
-2.47% REIT VIPERs, VNQ
-2.49% Leisure & Entertainment, PEJ
-2.50% Ultra QQQ Double, QLD
-2.51% Dividend Leaders, FDL
-2.64% Capital Markets KWB ST, KCE
-2.65% Financial DJ US, IYF
-2.77% Financials VIPERs, VFH
-2.85% Dividend High Yield Equity PS, PEY
-2.92% Financial SPDR, XLF
-3.05% Hong Kong Index, EWH
-3.06% Sweden Index, EWD
-3.14% Financial Services DJ, IYG
-3.19% Bank Regional H, RKH
-3.29% Value SmallCap S&P 600, RZV
-3.57% Homebuilders SPDR, XHB
-4.02% Internet B2B H, BHH
