by Robert W. Colby, Senior Analyst TraderPlanet.com
Stock Market: all trends down…a flight to safety.
TheNYSE and Nasdaq A-D Lines both fell to their lowest levels in 4 weeks.
All 9 Sectors fell, down 1% to 4%.
U.S. Treasury Bond pricejumped up to a new 4-month high, indicating a flight to safety.
On Monday, the Standard & Poor’s 500 cash index (1,266.84) fell 25.36 points, or 1.96%. It closed below the closing prices of the previous 3 trading days, suggesting a short-term downtrend. The NYSE and Nasdaq A-D Lines both fell to their lowest levels in 4 weeks, confirming an intermediate-term downtrend. Total NYSE volume fell 9%, reflecting diminished demand for stocks.
Over the previous 3 trading days, the S&P 500 retraced a normal Fibonacci 0.618 fraction of its previous 7-days’ losses, suggesting a normal counter-trend bounce.
The S&P 500 remains below the 5-week uptrend line that formed the lower boundary line of a Bearish Rising Wedge that formed from the low of 1,200.44 set on 7/15/2008 to the high of 1313.15 set on 8/11/2008. Volume was in a declining trend during those weeks, and that is typical of the Bearish Rising Wedge pattern. A Bearish Rising Wedge is a typical pattern for a counter-trend oversold bounce in a Bear Market. The implication of such a Bearish Rising Wedge breakdown is that the S&P should waste little time before testing or breaking its low of 1,200.44 set on 7/15/2008.
Longer-term, the S&P 500 has been in a Bearish 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
8.45% , KG , KING PHARM
1.69% , PHJ ,Dividend Growth PS, PHJ
1.94% , RSP , LargeCap Blend S&P=Weight R, RSP
7.11% , PWER , POWER ONE
1.04% , XSD , Semiconductor SPDR, XSD
1.58% , IGV , Software, IGV
3.42% , VIA , VIACOM INC. (New)
2.40% , PMR , Retail, PMR
1.89% , VBR , Value SmallCap VIPERS, VBR
4.86% , ODP , OFFICE DEPOT
2.73% , JKL , Value SmallCap iS M, JKL
1.01% , JKG , MidCap Blend Core iS M, JKG
1.27% , JKK , Growth SmallCap iS M, JKK
4.66% , JNY , JONES APPAREL
8.93% , KEY , KEYCORP
1.34% , EWP , Spain Index, EWP
1.49% , PTE , Telecommunications & Wireless, PTE
1.27% , JKJ , SmallCap Core iS M, JKJ
5.03% , LEH , LEHMAN BROS HLDG
1.01% , JKF , Value LargeCap iS M, JKF
3.65% , WPI , WATSON PHARM
0.85% , FPX , IPOs, First Tr IPOX-100, FPX
1.16% , IXP , Telecommunications Global, IXP
5.22% , GT , GOODYEAR TIRE
3.71% , RWR , REIT Wilshire, RWR
1.35% , EWH , Hong Kong Index, EWH
1.36% , JKI , Value MidCap iS M, JKI
4.81% , AXP , AMERICAN EXPRESS
0.61% , PZJ , SmallCap PS Zacks, PZJ
3.36% , CB , CHUBB
2.08% , RFV , Value MidCap S&P 400, RFV
1.66% , IXG , Financials Global LargeCap Value, IXG
0.83% , JKE , Growth LargeCap iS M, JKE
1.71% , VB , Small Cap VIPERs, VB
4.58% , GPS , GAP
3.13% , TGT , TARGET
4.24% , USB , US BANCORP
2.10% , CPWR , COMPUWARE
1.56% , PGJ , China LargeCap Growth G D H USX PS, PGJ
5.24% , GM , GENERAL MOTORS
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-3.01% , RZV , Value SmallCap S&P 600, RZV
-6.38% , R , RYDER SYSTEM
-1.75% , ELV , Value Large Cap DJ, ELV
-2.28% , IJS , Value SmallCap S&P 600 B, IJS
-2.05% , TTH , Telecom H, TTH
-1.88% , PWT , Growth SmallCap Dynamic PS, PWT
-2.43% , VOX , Telecom Services VIPERs, VOX
-1.62% , SWH , Software H, SWH
-2.83% , PXN , Nanotech Lux, PXN
-2.88% , BDH , Broadband H, BDH
-3.60% , MVV , Ultra MidCap400 Double, MVV
-1.84% , IWZ , Growth LargeCap Russell 3000, IWZ
-2.60% , VAW , Materials VIPERs, VAW
-1.93% , IWV , LargeCap Blend Russell 3000, IWV
-2.01% , JKH , MidCap Growth iS M, JKH
-3.49% , BHH , Internet B2B H, BHH
-8.24% , STLD , Steel Dynamics, STLD
-2.00% , EZU , EMU Europe Index, EZU
-4.35% , EWM , Malaysia Index, EWM
-2.38% , KCE ,CapitalMarketsKWB ST, KCE
-1.89% , IWR , MidCap Russell, IWR
-1.30% , ADRD , Developed 100 BLDRS, ADRD
-1.31% , PFM , Dividend Achievers PS, PFM
-6.07% , LPX , LOUISIANA PAC
-7.11% , CTB , COOPER TIRE
-1.52% , RFG , Growth MidCap S&P 400, RFG
-4.68% , CTSH , Cognizant Technology Solutions
-5.58% , IGT , INTL GAME TECH
-2.46% , VO , MidCap VIPERs, VO
-1.87% , DSG , Growth Small Cap DJ, DSG
-1.77% , MTK , Technology MS sT, MTK
-1.83% , NYC , LargeCap Blend NYSE Composite iS, NYC
-2.80% , XLY , Consumer Discretionary SPDR, XLY
-1.06% , VPU , Utilities VIPERs, VPU
-1.66% , ELG , Growth Large Cap, ELG
-6.81% , COH , COACH
-1.66% , VGT , Info Tech VIPERs, VGT
-1.83% , WAT , WATERS
-1.66% , PBI , PITNEY BOWES
-1.88% , XLG , LargeCap Rydex Rus Top 50, XLG
Sectors: among the 9 major U.S. sectors, all 9 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
-1.06% Utilities SPDR, XLU
-1.29% Technology SPDR, XLK
-1.30% Energy SPDR, XLE
-1.56% Industrial SPDR, XLI
-1.60% Consumer Staples SPDR, XLP
-1.62% Health Care SPDR, XLV
-2.16% Materials SPDR, XLB
-2.80% Consumer Discretionary SPDR, XLY
-3.52% 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 8/19/08, the XLV/SPY Relative Strength Ratio moved up to a new 7-month high, confirming an intermediate-term upside correction.
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 some improvement in the short-term trend.
Technology (XLK) Neutral, Market Weight. XLK/SPY Relative Strength Ratio has performed about in line with the broader market over the past 6 years.
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 some improvement in the short-term trend.
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.
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.
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 price broke an uptrend line on 8/21/08. Relative Strength Ratio had been in a rising trend since 3/3/08 but has turned moderately lower since topping on 8/14/08.
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 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 stabilized following Friday’s loss. The short-term trend may have bottomed on 8/19/08, following oversold conditions. 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 moved moderately lower, perhaps broadening a potential bottoming pattern. The short-term trend could be in the process of turning 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 Bond futures contract price jumped up to a new 4-month high. The short-term trend is confirmed as Bullish. Bonds 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 tried to extend Friday’s rally but made little progress. The short-term trend appears to have topped out on 8/19/08, 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 20.97, 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 24.28, 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 0.67, 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 neutral 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 and seem likely to stay weak over the next several months.
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 (1,266.84):
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 (1,266.84):
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
3.87% Short 200% S&P 500 PS, SDS
3.78% Short 200% Dow 30 PS, DXD
3.67% Short 200% QQQ PS, QID
3.46% Short 200% MidCap 400 PS, MZZ
2.08% Value MidCap S&P 400, RFV
1.87% Short 100% Dow 30, DOG
1.82% Short 100% MidCap 400, MYY
1.80% Short 100% S&P 500, SH
1.77% Short 100% QQQ, PSQ
1.00% Bond, 20+ Years Treasury, TLT
0.66% Bond, 10 Year Treasury, IEF
0.65% Bond, Corp, LQD
0.61% Oil, Crude, U.S. Oil Fund, USO
0.53% Silver Trust iS, SLV
0.38% Bond, TIPS, TIP
0.31% Bond, Aggregate, AGG
0.17% Bond, 1-3 Year Treasury, SHY
-0.19% Gold Shares S.T., GLD
-0.50% Biotech H, BBH
-0.57% Commodity Tracking, DBC
-0.58% China LargeCap Growth G D H USX PS, PGJ
-0.70% Japan LargeCap Blend TOPIX 150, ITF
-0.76% Biotech & Genome, PBE
-0.79% Switzerland Index, EWL
-0.82% Austria Index, EWO
-0.84% United Kingdom Index, EWU
-0.84% Utilities DJ, IDU
-0.87% Pharmaceutical H, PPH
-0.89% Japan Index, EWJ
-0.89% Food & Beverage, PBJ
-0.90% Semiconductor SPDR, XSD
-0.95% Energy Exploration & Prod, PXE
-0.96% Oil Services H, OIH
-0.98% Leisure & Entertainment, PEJ
-1.00% Energy Global, IXC
-1.01% Utilities, PUI
-1.02% China 25 iS, FXI
-1.04% Utilities H, UTH
-1.06% Utilities SPDR, XLU
-1.06% Asia 50 BLDRS, ADRA
-1.06% Utilities VIPERs, VPU
-1.08% Health Care VIPERs, VHT
-1.11% Biotech SPDR, XBI
-1.11% Consumer Staples VIPERs, VDC
-1.14% Oil & Gas, PXJ
-1.15% Taiwan Index, EWT
-1.16% Energy DJ, IYE
-1.22% Biotechnology, IBB
-1.22% Healthcare Global, IXJ
-1.24% Value EAFE MSCI, EFV
-1.26% Pharmaceuticals, PJP
-1.27% Semiconductor H, SMH
-1.29% Technology SPDR, XLK
-1.29% Aerospace & Defense, PPA
-1.29% Hardware & Electronics, PHW
-1.30% Developed 100 BLDRS, ADRD
-1.30% Energy SPDR, XLE
-1.30% Value 40 Large Low P/E FT DB, FDV
-1.31% Natural Resource iS GS, IGE
-1.31% Dividend Achievers PS, PFM
-1.32% Euro STOXX 50, FEZ
-1.32% Internet Architecture H, IAH
-1.33% Value MidCap Dynamic PS, PWP
-1.35% Pacific VIPERs, VPL
-1.35% IPOs, First Tr IPOX-100, FPX
-1.37% Insurance, PIC
-1.39% Consumer Non-Cyclical, IYK
-1.40% Hong Kong Index, EWH
-1.40% Lg Cap Growth PSD, PWB
-1.42% Australia Index, EWA
-1.43% Healthcare DJ, IYH
-1.52% Growth EAFE MSCI, EFG
-1.52% Growth MidCap S&P 400, RFG
-1.53% Europe 100 BLDRS, ADRU
-1.53% Semiconductors, PSI
-1.54% Germany Index, EWG
-1.55% Italy Index, EWI
-1.55% Value MidCap iS M, JKI
-1.56% Industrial SPDR, XLI
-1.56% Technology Global, IXN
-1.57% Semiconductor iS GS, IGW
-1.57% EAFE Index, EFA
-1.58% LargeCap Blend Dynamic PS, PWC
-1.58% Global 100, IOO
-1.59% Canada Index, EWC
-1.60% Consumer Staples SPDR, XLP
-1.60% Value LargeCap Euro STOXX 50 DJ, FEU
-1.61% Dividend International, PID
-1.61% Growth 1000 Russell, IWF
-1.61% Telecommunications Global, IXP
-1.62% Health Care SPDR, XLV
-1.62% LargeCap Blend Socially Responsible iS, KLD
-1.62% Software H, SWH
-1.64% Financials Global LargeCap Value, IXG
-1.64% Europe 350 S&P Index, IEV
-1.65% Mexico Index, EWW
-1.66% Growth Large Cap, ELG
-1.66% Info Tech VIPERs, VGT
-1.68% LargeCap Blend Core iS M, JKD
-1.68% WilderHill Clean Energy PS, PBW
-1.69% Global Titans, DGT
-1.70% OTC Dynamic PS, PWO
-1.70% Technology DJ US, IYW
-1.71% Wilshire 5000 ST TM, TMW
-1.71% European VIPERs, VGK
-1.71% Technology GS, IGM
-1.73% Transportation Av DJ, IYT
-1.74% Value Small Cap DJ, DSV
-1.75% Growth S&P 500/BARRA, IVW
-1.75% Value Large Cap DJ, ELV
-1.77% Value LargeCap NYSE 100 iS, NY
-1.77% Technology MS sT, MTK
-1.77% Value LargeCap Dynamic PS, PWV
-1.79% Networking, PXQ
-1.80% Value S&P 500, RPV
-1.80% MidCap S&P 400 SPDRs, MDY
-1.81% LargeCap 1000 R, IWB
-1.81% SmallCap S&P 600, IJR
-1.82% Growth VIPERs, VUG
-1.83% Dividend SPDR, SDY
-1.83% LargeCap Blend NYSE Composite iS, NYC
-1.83% LargeCap Blend Total Market DJ, IYY
-1.83% Value Line Timeliness MidCap Gr, PIV
-1.84% Growth LargeCap Russell 3000, IWZ
-1.84% Growth S&P 500, RPG
-1.84% S&P 500 iS LargeCap Blend, IVV
-1.85% Dividend Appreciation Vipers, VIG
-1.85% France Index, EWQ
-1.87% Growth Small Cap DJ, DSG
-1.88% Software, IGV
-1.88% Belgium Index, EWK
-1.88% LargeCap Rydex Rus Top 50, XLG
-1.88% Industrial LargeCap Blend DJ US, IYJ
-1.88% Growth SmallCap Dynamic PS, PWT
-1.88% Growth LargeCap iS M, JKE
-1.89% Industrials VIPERs, VIS
-1.89% MidCap Russell, IWR
-1.89% MidCap S&P 400 iS, IJH
-1.90% Growth MidCap Russell, IWP
-1.90% Growth SmallCap iS M, JKK
-1.91% MidCap Blend Core iS M, JKG
-1.91% LargeCap Blend S&P 1500 iS, ISI
-1.92% Value LargeCap Russell 3000, IWW
-1.92% Energy VIPERs, VDE
-1.93% Growth LargeCap NASDAQ Fidelity, ONEQ
-1.93% LargeCap Blend Russell 3000, IWV
-1.94% Growth MidCap 400 B, IJK
-1.95% Growth BARRA Small Cap 600, IJT
-1.96% Value LargeCap iS M, JKF
-1.96% SmallCap Core iS M, JKJ
-1.96% Value VIPERs, VTV
-1.98% Netherlands Index, EWN
-1.98% Software, PSJ
-1.98% LargeCap Blend S&P 100, OEF
-1.99% Value 1000 Russell, IWD
-2.00% Value MidCap S&P 400 B, IJJ
-2.00% EMU Europe Index, EZU
-2.01% MidCap Growth iS M, JKH
-2.01% Value LargeCap Fundamental RAFI 1000, PRF
-2.01% LargeCap VIPERs, VV
-2.02% LargeCap Blend S&P=Weight R, RSP
-2.02% Pacific ex-Japan, EPP
-2.03% S&P 500 SPDRs LargeCap Blend, SPY
-2.03% Networking, IGN
-2.03% Value S&P 500 B, IVE
-2.05% Emerging 50 BLDRS, ADRE
-2.05% Telecom H, TTH
-2.05% Value SmallCap VIPERS, VBR
-2.06% Growth SmallCap R 2000, IWO
-2.06% Retail, PMR
-2.06% Extended Mkt VIPERs, VXF
-2.07% Emerging Markets, EEM
-2.07% South Africa Index, EZA
-2.08% Consumer Cyclical DJ, IYC
-2.08% Micro Cap Zachs, PZI
-2.10% Internet H, HHH
-2.10% Basic Materials DJ US, IYM
-2.10% Blend Total Market VIPERs, VTI
-2.10% Growth SmallCap VIPERs, VBK
-2.11% Growth LargeCap NASDAQ 100, QQQQ
-2.12% DIAMONDS (DJIA), DIA
-2.13% Dividend DJ Select, DVY
-2.15% Value SmallCap Dynamic PS, PWY
-2.15% Telecommunications & Wireless, PTE
-2.16% Materials SPDR, XLB
-2.18% Water Resources, PHO
-2.19% Small Cap VIPERs, VB
-2.20% Dividend Growth PS, PHJ
-2.20% SmallCap Russell 2000, IWM
-2.21% Real Estate US DJ, IYR
-2.22% Value SmallCap Russell 2000, IWN
-2.23% Growth Mid Cap Dynamic PS, PWJ
-2.26% Retail H, RTH
-2.27% Consumer D. VIPERs, VCR
-2.28% Dividend Leaders, FDL
-2.28% Value SmallCap S&P 600 B, IJS
-2.32% Microcap Russell, IWC
-2.32% Value SmallCap iS M, JKL
-2.34% SmallCap PS Zacks, PZJ
-2.34% Latin Am 40, ILF
-2.38% Building & Construction, PKB
-2.38% Capital Markets KWB ST, KCE
-2.39% Sweden Index, EWD
-2.43% Telecom Services VIPERs, VOX
-2.44% Metals & Mining SPDR, XME
-2.46% MidCap VIPERs, VO
-2.47% Spain Index, EWP
-2.56% Value MidCap Russell, IWS
-2.56% Financial DJ US, IYF
-2.60% Materials VIPERs, VAW
-2.61% Brazil Index, EWZ
-2.77% Telecom DJ US, IYZ
-2.80% Consumer Discretionary SPDR, XLY
-2.83% Nanotech Lux, PXN
-2.85% Financials VIPERs, VFH
-2.87% Dividend High Yield Equity PS, PEY
-2.88% Broadband H, BDH
-2.96% REIT Wilshire, RWR
-2.96% Financial Services DJ, IYG
-2.97% Internet Infrastructure H, IIH
-3.01% Value SmallCap S&P 600, RZV
-3.03% REIT VIPERs, VNQ
-3.06% Emerging VIPERs, VWO
-3.11% Realty Cohen & Steers, ICF
-3.21% Singapore Index, EWS
-3.31% Bank Regional H, RKH
-3.49% Internet B2B H, BHH
-3.52% Financial SPDR, XLF
-3.56% South Korea Index, EWY
-3.60% Ultra MidCap400 Double, MVV
-3.63% Ultra S&P500 Double, SSO
-3.72% Ultra QQQ Double, QLD
-3.90% Homebuilders SPDR, XHB
-3.94% Ultra Dow30 Double, DDM
-4.35% Malaysia Index, EWM
