by Robert W. Colby, Senior Analyst TraderPlanet.com

Stock Market: indexes recovered a normal fraction of the previous 7-days’ losses…and there may not be much more left before the downtrend resumes.

Declines outnumbered advances and volume fell 12%, calling into question the viability of the recovery attempt.

Energy stocksjumped up 2.51%.

Financial stocks fell 1.82%.

Commodities, Oil, Gold, and Inflationturned upward, and that should be Bearish for most stocks.

Tuesday’s Bearish Rising Wedge breakdown casts a dark cloud over any rally attempt.

On Thursday, the Standard & Poor’s 500 cash index (1,277.72) rose 3.18 points or 0.25%, thereby retracing a normal fraction of the previous 7-days’ losses. Still, it remains below the 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 fell 12%, calling into question the viability of the recovery attempt. Previously, from 7/15/2008 to 8/18/2008, volume was in a declining trend, 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 screenI 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

12.85% , LTD , LIMITED BRANDS
0.57% , FPX , IPOs, First Tr IPOX-100, FPX
3.89% , RX , IMS HEALTH
4.89% , HES , AMERADA HESS
6.24% , DHI , D.R. HORTON, DHI
5.81% , LEN , Lennar Corp. (LEN)
1.42% , EWO , Austria Index, EWO
0.68% , FDV , Value 40 Large Low P/E FT DB, FDV
0.79% , WEN , WENDYS INTL
7.54% , CTX , CENTEX
3.06% , DYN , DYNEGY
3.47% , EXC , EXELON CORP
0.90% , EWU , United Kingdom Index, EWU
2.77% , XHB , Homebuilders SPDR, XHB
3.39% , CEG , CONSTELL ENERGY
5.19% , COP , CONOCOPHILLIPS
1.97% , EIX , EDISON INTL
2.49% , PXE , Energy Exploration & Prod, PXE
2.97% , EWC , Canada Index, EWC
0.58% , DSG , Growth Small Cap DJ, DSG
2.45% , SANM , SANMINA
4.25% , KBH , KB HOME
4.50% , USO , Oil, Crude, U.S. Oil Fund
, USO
2.18% , ETR , ENTERGY
3.49% , SLB , SCHLUMBERGER
1.78% , ACE , ACE
0.87% , TAP , ADOLPH COORS STK B, TAP
0.31% , FEZ , Euro STOXX 50, FEZ
0.65% , PKB , Building & Construction, PKB
0.32% , ELG , Growth Large Cap, ELG
2.52% , BNI , BURLINGTON NORTH
0.18% , EFV , Value EAFE MSCI
, EFV
0.64% , ITF , Japan LargeCap Blend TOPIX
150, ITF
2.30% , AET , AETNA
2.29% , BCR , C R BARD
0.82% , NY , Value LargeCap NYSE 100 iS, NY
1.80% , IXC , Energy Global, IXC
0.27% , TMW , Wilshire 5000 ST TM, TMW
3.81% , MHS , MEDCO HEALTH
1.41% , UTH , Utilities H, UTH

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

-0.55% , BDH , Broadband H, BDH
-11.68% , SNPS , Synopsys Inc
-6.30% , SVU , SUPERVALU
-5.81% , SOV , SOVEREIGN BANC
-3.22% , PDCO , Patterson Dental Company
-2.47% , EWY , South Korea Index, EWY
-3.85% , PLD , PROLOGIS TRUST
-3.21% , SWY , SAFEWAY
-1.84% , HAS , HASBRO
-0.34% , PXQ , Networking, PXQ
-0.40% , IACI , IAC/INTERACTIVCORP
-4.90% ,AIG
, AMER INTL GROUP
-2.09% , SLE , SARA LEE
-3.14% , BK , BANK OF NEW YORK
-0.40% , PSI , Semiconductors, PSI
-2.31% , PWER , POWER ONE
-4.12% , F , FORD MOTOR
-1.43% , S , SPRINT NEXTEL
-1.48% , PPG , PPG INDUSTRIES

-0.39% , VXF , Extended Mkt VIPERs, VXF
-1.20% , ABI , Applera Corp-Applied Biosystems Group (ABI)
-0.91% , IBB , Biotechnology, IBB
-0.85% , PXN , Nanotech Lux, PXN
-2.52% , EQR , EQUITY
RESIDENT BEN INT
-1.51% , TUP , TUPPERWARE
-1.16% , GS , GOLDMAN SACHS

-1.09% , WAT , WATERS
-0.51% , VDC , Consumer Staples VIPERs, VDC
-0.73% , PEJ , Leisure & Entertainment, PEJ
-0.54% , ROH , ROHM & HAAS
-2.04% , TDC , Teradata Corporation, TDC
-3.80% , HGSI , Human Genome Sciences Inc
-0.83% , MTK , Technology MS sT, MTK
-0.12% , HHH , Internet H, HHH
-0.50% , PJP , Pharmaceuticals, PJP
-0.16% , VOX , Telecom Services VIPERs, VOX
-1.85% , CCE , COCA COLA ENTER
-1.03% , PSJ , Software, PSJ
-4.06% , SSCC , Smurfit-Stone Container Corporation
-0.43% , PBJ , Food & Beverage, PBJ

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

2.51% Energy SPDR, XLE
0.96% Utilities SPDR, XLU
0.86% Materials SPDR, XLB
0.81% Consumer Discretionary SPDR, XLY
0.23% Industrial SPDR, XLI
-0.39% Technology SPDR, XLK
-0.64% Health Care SPDR, XLV
-1.09% Consumer Staples SPDR, XLP
-1.82%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.

Energy (XLE) Neutral, Market Weight. On 8/21/08, both the XLE absolute price and the XLE/SPY Relative Strength Ratio rose to new 3-week highs, thereby suggesting at least a short-term rally.

Health Care (XLV) Neutral, Market Weight. On 8/19/08, the XLV/SPY Relative Strength Ratio moved up to a new 7-month high, confirming an intermediate-term upside correction.

Materials (XLB) Neutral, Market Weight. On 8/21/08, both the XLB absolute price and the XLB/SPY Relative Strength Ratio rose to new 3-week highs, thereby suggesting at least a short-term rally.

Technology (XLK) Bearish, Underweight. XLK/SPY Relative Strength Ratio turned down from a recent peak on 8/14/08. Relative Strength has underperformed since 11/5/07.

Utilities (XLU) Bearish, Underweight. On 8/21/08, both the XLU absolute price and the XLU /SPY Relative Strength Ratio rose to new 3-week highs, thereby suggesting at least a short-term rally. On 8/15/08, XLU/SPY Relative Strength Ratio broke down to a new 4-month low, confirming an intermediate-term downside correction.

Industrial (XLI) Bearish, Underweight. On 8/20/08, XLI/SPY Relative Strength Ratio broke down to a new 3-week low. On 7/2/08, XLI/SPY Relative Strength broke down to a new 5-month low.

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 CompositeRelative Strength Ratio has been in a rising trend since 3/3/08.

Growth Stock/Value StockRelative 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 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 contractrose sharply, moving above the highs of the previous 12 trading days and breaking above a 5-week downtrend line. The short-term trend turned up. The intermediate-term trend appears uncertain. 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 rose sharply, moving above the highs of the previous 7 trading days and breaking above a 5-week downtrend line. The short-term trend turned up. 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 Bondfutures contract may have rolled over to the downside. The short-term trend appears uncertain.Bonds touched a new 4-month high on 8/20/08 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 fell sharply. The short-term trend direction has turned to the downside following overbought conditions. 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 40.7% Bulls versus 38.4% Bears as of 8/20/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio rose to 1.06, up from 0.70 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 19.82, 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 23.15, 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 NASDAQVolatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio is 0.61, 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 1.34, which indicates mildly 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 Marketwas 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 subprimecredit 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.

Todiscover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500cash index (1,277.72):

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 (1,277.72):

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

4.50% Oil, Crude, U.S. Oil Fund, USO
4.29% Commodity Tracking, DBC
3.87% Silver Trust iS, SLV
3.44% South Africa Index, EZA
2.97% Canada Index, EWC
2.80% Gold Shares S.T., GLD
2.78% Natural Resource iS GS, IGE
2.77% Homebuilders SPDR, XHB
2.51% Energy SPDR, XLE
2.49% Energy Exploration & Prod, PXE
2.48% Metals & Mining SPDR, XME
2.42% Energy DJ, IYE
2.07% Energy VIPERs, VDE
2.00% Oil & Gas, PXJ
1.91% Oil Services H, OIH
1.90% Brazil Index, EWZ
1.80% Energy Global, IXC
1.78% Internet Infrastructure H, IIH
1.68% Latin Am 40, ILF
1.51% Sweden Index, EWD
1.42% Austria Index, EWO
1.41% Utilities H, UTH
1.36% Basic Materials DJ US, IYM
1.13% Materials VIPERs, VAW
1.03% Short 200% QQQ PS, QID
0.96% Utilities SPDR, XLU
0.96% Growth EAFE MSCI, EFG
0.92% Retail H, RTH
0.90% Dividend Growth PS, PHJ
0.90% United Kingdom Index, EWU
0.88% Value LargeCap Euro STOXX 50 DJ, FEU
0.86% Materials SPDR, XLB
0.83% Value LargeCap iS M, JKF
0.82% Value LargeCapNYSE 100 iS, NY
0.81% Consumer Discretionary SPDR, XLY
0.78% Utilities VIPERs, VPU
0.75% Utilities DJ, IDU
0.72% Netherlands Index, EWN
0.71% Europe 100 BLDRS, ADRU
0.70% Global Titans, DGT
0.68% Value 40 Large Low P/E FT DB, FDV
0.65% Building & Construction, PKB
0.64% Japan LargeCap Blend TOPIX 150, ITF
0.63% Growth S&P 500, RPG
0.62% Japan Index, EWJ
0.60% Dividend International, PID
0.59% European VIPERs, VGK
0.58% Growth Small Cap DJ, DSG
0.57% IPOs, First Tr IPOX-100, FPX
0.54% Utilities, PUI
0.54% Internet Architecture H, IAH
0.54% France Index, EWQ
0.52% Germany Index, EWG
0.52% Pacific VIPERs, VPL
0.52% Europe 350 S&P Index, IEV
0.48% Developed 100 BLDRS, ADRD
0.48% Belgium Index, EWK
0.47% LargeCap Blend NYSE Composite iS, NYC
0.44% Value Line Timeliness MidCap Gr, PIV
0.42% Emerging 50 BLDRS, ADRE
0.42% Growth LargeCap iS M, JKE
0.42% Value LargeCap Russell 3000, IWW
0.40% EAFE Index, EFA
0.35% LargeCap Blend S&P 1500 iS, ISI
0.33% Growth MidCap S&P 400, RFG
0.33% Growth S&P 500/BARRA, IVW
0.33% LargeCap Blend Socially Responsible iS, KLD
0.32% LargeCap Blend Dynamic PS, PWC
0.32% Global 100, IOO
0.32% Growth Large Cap, ELG
0.31% Euro STOXX 50, FEZ
0.28% Short 100% QQQ, PSQ
0.28% Ultra S&P500 Double, SSO
0.27% Wilshire 5000 ST TM, TMW
0.27% Blend Total Market VIPERs, VTI
0.26% Growth 1000 Russell, IWF
0.24% Growth VIPERs, VUG
0.23% Consumer D. VIPERs, VCR
0.23% Industrial SPDR, XLI
0.22% Spain Index, EWP
0.22% Short 200% Dow 30 PS, DXD
0.22% EMU Europe Index, EZU
0.22% Growth MidCap 400 B, IJK
0.21% Technology Global, IXN
0.20% S&P 500 iS LargeCap Blend, IVV
0.20% Healthcare Global, IXJ
0.18% LargeCap Rydex Rus Top 50, XLG
0.18% Value VIPERs, VTV
0.18% Value EAFE MSCI, EFV
0.18% Lg Cap Growth PSD, PWB
0.18% Growth MidCap Russell, IWP
0.18% LargeCap Blend Core iS M, JKD
0.17% LargeCap VIPERs, VV
0.17% S&P 500 SPDRs LargeCap Blend, SPY
0.17% Bond, TIPS, TIP
0.16% Short 200% MidCap 400 PS, MZZ
0.13% OTC Dynamic PS, PWO
0.12% LargeCap Blend S&P 100, OEF
0.12% Dividend Appreciation Vipers, VIG
0.11% Ultra Dow30 Double, DDM
0.10% Health Care VIPERs, VHT
0.10% Value 1000 Russell, IWD
0.10% LargeCap 1000 R, IWB
0.09% LargeCap Blend Russell 3000, IWV
0.07% Pharmaceutical H, PPH
0.07% Dividend Leaders, FDL
0.07% Telecommunications Global, IXP
0.06% LargeCap Blend Total Market DJ, IYY
0.06% MidCap S&P 400 iS, IJH
0.06% Value LargeCap Dynamic PS, PWV
0.05% Consumer Cyclical DJ, IYC
0.05% WilderHill Clean Energy PS, PBW
0.04% Growth LargeCap Russell 3000, IWZ
0.04% Australia Index, EWA
0.04% Italy Index, EWI
0.03% Insurance, PIC
0.03% Short 100% Dow 30, DOG
0.02% Bond, Aggregate, AGG
0.01% Aerospace & Defense, PPA
0.01% DIAMONDS (DJIA), DIA
0.00% MidCap Growth iS M, JKH
0.00% Value MidCap S&P 400, RFV
0.00% Semiconductor SPDR, XSD
0.00% MidCap Blend Core iS M, JKG
0.00% Industrials VIPERs, VIS
-0.02% Internet B2B H, BHH
-0.03% Value Large Cap DJ, ELV
-0.03% Industrial LargeCap Blend DJ US, IYJ
-0.04% Technology DJ US, IYW
-0.04% Telecom DJ US, IYZ
-0.04% Value MidCap iS M, JKI
-0.05% Value S&P 500 B, IVE
-0.06% Value LargeCap Fundamental RAFI 1000, PRF
-0.07% Dividend Achievers PS, PFM
-0.08% Bond, 1-3 Year Treasury, SHY
-0.12% Internet H, HHH
-0.12% Healthcare DJ, IYH
-0.13% Telecommunications & Wireless, PTE
-0.13% Switzerland Index, EWL
-0.14% Transportation Av DJ, IYT
-0.15% Emerging Markets, EEM
-0.15% MidCap Russell, IWR
-0.15% Ultra MidCap400 Double, MVV
-0.16% Telecom Services VIPERs, VOX
-0.18% Short 100% S&P 500, SH
-0.18% Bond, 20+ Years Treasury, TLT
-0.19% Mexico Index, EWW
-0.19% Value S&P 500, RPV
-0.19% Growth Mid Cap Dynamic PS, PWJ
-0.20% Value MidCap S&P 400 B, IJJ
-0.21% Bond, 10 Year Treasury, IEF
-0.22% Technology GS, IGM
-0.24% Value MidCap Russell, IWS
-0.24% ValueSmall Cap
DJ, DSV
-0.25% Asia 50 BLDRS, ADRA
-0.25% MidCap VIPERs, VO
-0.25% MidCap S&P 400 SPDRs, MDY
-0.30% Micro Cap Zachs, PZI
-0.30% Short 200% S&P 500 PS, SDS
-0.31% SmallCap PS Zacks, PZJ
-0.32% Dividend SPDR, SDY
-0.32% Retail, PMR
-0.34% Networking, PXQ
-0.35% Info Tech VIPERs, VGT
-0.37% Value MidCap Dynamic PS, PWP
-0.38% Growth SmallCap Dynamic PS, PWT
-0.39% Extended Mkt VIPERs, VXF
-0.39% Technology SPDR, XLK
-0.40% Semiconductors, PSI
-0.42% SmallCap Core iS M, JKJ
-0.43% Food & Beverage, PBJ
-0.44% Networking, IGN
-0.45% Consumer Non-Cyclical, IYK
-0.46% Small Cap VIPERs, VB
-0.47% Growth LargeCap NASDAQ 100, QQQQ
-0.48% LargeCap Blend S&P=Weight R, RSP
-0.48% Emerging VIPERs, VWO
-0.48% Dividend DJ Select, DVY
-0.49% Growth SmallCap VIPERs, VBK
-0.49% Pacific ex-Japan, EPP
-0.50% Pharmaceuticals, PJP
-0.50% Value SmallCap S&P 600, RZV
-0.51% Consumer Staples VIPERs, VDC
-0.52% Singapore Index, EWS
-0.53% Growth SmallCap iS M, JKK
-0.54% Biotech H, BBH
-0.54% Malaysia Index, EWM
-0.55% Broadband H, BDH
-0.56% Semiconductor iS GS, IGW
-0.57% Short 100% MidCap 400, MYY
-0.59% Bond, Corp, LQD
-0.63% Telecom H, TTH
-0.63% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.64% Health Care SPDR, XLV
-0.64% Water Resources, PHO
-0.65% Growth BARRA Small Cap 600, IJT
-0.73% Leisure & Entertainment, PEJ
-0.75% Dividend High Yield Equity PS, PEY
-0.76% China LargeCap Growth G D H USX PS, PGJ
-0.78% Capital Markets KWB ST, KCE
-0.79% SmallCap S&P 600, IJR
-0.82% Financials Global LargeCap Value, IXG
-0.83% Technology MS sT, MTK
-0.85% Nanotech Lux, PXN
-0.85% Value SmallCap Dynamic PS, PWY
-0.91% Biotechnology, IBB
-0.92% Value SmallCap VIPERS, VBR
-0.93% Semiconductor H, SMH
-0.95% Financials VIPERs, VFH
-1.02% Value SmallCap iS M, JKL
-1.03% Software, PSJ
-1.03% Hardware & Electronics, PHW
-1.05% Growth SmallCap R 2000, IWO
-1.06% Software, IGV
-1.07% Financial DJ US, IYF
-1.09% Consumer Staples SPDR, XLP
-1.15% Value SmallCap Russell 2000, IWN
-1.15% SmallCap Russell 2000, IWM
-1.19% Ultra QQQ Double, QLD
-1.24% Microcap Russell, IWC
-1.27% Biotech & Genome, PBE
-1.29% Financial Services DJ, IYG
-1.29% Value SmallCap S&P 600 B, IJS
-1.36% Taiwan Index, EWT
-1.37% Real Estate US DJ, IYR
-1.39% Biotech SPDR, XBI
-1.43% Software H, SWH
-1.47% Realty Cohen & Steers, ICF
-1.52% Hong Kong Index, EWH
-1.54% Bank Regional H, RKH
-1.71% China 25 iS, FXI
-1.78% REIT VIPERs, VNQ
-1.82% Financial SPDR, XLF
-1.85% REIT Wilshire, RWR
-2.47% South Korea Index, EWY