Daily Stock Market Commentary – 8/29/2008

Stock Market: S&P 500 rose above 8-day highs.

News of better-than-expected GDP and a downturn in the price of crude oil provided the stimulus for an end-of-month rally.

Volume rose but remained relatively low, again calling into question the significance of the price recovery.

Reward/Risk tradeoffs for equities in general still do not appear attractive.

Investment Grade Corporate Bonds underperformed U.S. Treasuries again, suggesting quality concerns and, possibly, recession expectations.

On Wednesday, the Standard & Poor’s 500 cash index (1,300.68) jumped 19.02 points, or 1.48%. The index closed above the highs of the previous 8 trading days, which is normally a positive sign for the short-term trend. In a Primary Tide Bear Market, however, such signals are not trustworthy.

Total NYSE volume rose 9%, reflecting greater demand for stocks. Still, volume remains stuck at relatively low summer vacation season levels.

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 test or break 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
41.60% , ABK , AMBAC FINL GRP
34.81% , MBI , MBIA
4.20% , KCE , Capital Markets KWB ST, KCE
3.48% , PTE , Telecommunications & Wireless, PTE
9.21% , PCL , PLUM CREEK TIMB
0.70% , RPG , Growth S&P 500, RPG
1.15% , SWH , Software H, SWH
10.70% , TIF , TIFFANY
1.39% , PMR , Retail, PMR
13.37% , MTG , MGIC INVESTMENT
14.47% , CC , CIRCUIT CITY STR
6.21% , WY , WEYERHAEUSER
9.04% , DDS , DILLARD STK A
1.51% , EWG , Germany Index, EWG
1.55% , IYY , LargeCap Blend Total Market DJ, IYY
4.18% , SHLD , SEARS HOLDINGS
8.90% , MER , MERRILL LYNCH
1.44% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
2.26% , SIRI , Sirius Satellite
2.77% , XL , XL CAPITAL STK A
2.12% , DSV , Value Small Cap DJ, DSV
5.19% , MWV , MEADWESTVACO
3.05% , JKL , Value SmallCap iS M, JKL
3.66% , HOG , HARLEY DAVIDSON
4.49% , DE , DEERE & CO
2.14% , PBG , PEPSI BOTTLING
8.95% , SOV , SOVEREIGN BANC
1.30% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
6.00% , BAC , BANK OF AMERICA
2.46% , TE , TECO ENERGY
3.36% , RWR , REIT Wilshire, RWR
3.64% , COF , CAPITAL ONE FNCL
4.28% , CCL , CARNIVAL STK A
3.08% , ZION , ZIONS
2.57% , PPG , PPG INDUSTRIES
6.39% , LM , LEGG MASON
1.90% , JKI , Value MidCap iS M, JKI
2.34% , HSP , HOSPIRA
3.41% , USB , US BANCORP
1.50% , VO , MidCap VIPERs, VO

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-1.55% , MYY , Short 100% MidCap 400, MYY
-3.70% , BF.B , BROWN FORMAN STK B
-4.28% , OXY , OCCIDENTAL
-1.64% , DELL , DELL
-1.44% , SH , Short 100% S&P 500, SH
-1.71% , AN , AUTONATION
-0.76% , EWY , South Korea Index, EWY
-2.75% , HAL , HALLIBURTON
-4.02% , DXD , Short 200% Dow 30 PS, DXD
-3.51% , EOG , EOG RESOURCES
-1.03% , PGJ , China LargeCap Growth G D H USX PS, PGJ
-1.93% , DOG , Short 100% Dow 30, DOG
-1.50% , HES , AMERADA HESS
-1.25% , KO , COCA COLA
-1.83% , SVU , SUPERVALU
-3.08% , PTEN , Patterson-UTI Energy Inc
-1.00% , GLW , CORNING
-2.40% , SDS , Short 200% S&P 500 PS, SDS
-2.02% , EP , EL PASO
-1.66% , OIH , Oil Services H, OIH
-3.01% , NBR , NABORS
-2.46% , APA , APACHE
-0.76% , HANS , Hansen Natural, HANS
-1.78% , BJS , BJ SERVICES
-1.44% , MYL , MYLAN LABS
-0.93% , IYE , Energy DJ, IYE
-1.76% , XLE , Energy SPDR, XLE
-1.22% , RIMM , RESEARCH IN MOTION LTD
-0.37% , PSQ , Short 100% QQQ, PSQ
-3.39% , DVN , DEVON ENERGY
-0.99% , NOV , NATIONAL OILWELL VARC0
-1.00% , GILD , Gilead Sciences Inc
-2.08% , RDC , ROWAN COMPANIES
-0.51% , FCX , FREEPRT MCMORAN STK B
-0.31% , TIP , Bond, TIPS, TIP
-2.37% , USO , Oil, Crude, U.S. Oil Fund, USO
-0.22% , CVS , CVS
-0.31% , MOT , MOTOROLA
-0.11% , BDX , BECTON DICKINSON
-1.12% , LSI , LSI LOGIC

Sectors: among the 9 major U.S. sectors, 8 rose and 1 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
4.04%Financial SPDR, XLF
2.32% Consumer Discretionary SPDR, XLY
2.24% Industrial SPDR, XLI
1.42% Materials SPDR, XLB
0.64% Consumer Staples SPDR, XLP
0.61% Technology SPDR, XLK
0.58% Health Care SPDR, XLV
0.16% Utilities SPDR, XLU
-1.76% 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 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.

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.

Technology (XLK) Neutral, Market Weight. XLK/SPY Relative Strength Ratio has underperformed since 8/18/08, and it performed about in line with the broader market over the past 6 years.

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. But 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 price fell back into its base. Nevertheless, 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 closed higher 3 days in a row. Gold’s 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 on a major trend basis.

U.S. Treasury Bond futures contract price consolidatedrecent gains. On 8/25/08, price jumped up to a new 4-month high, and the short-term trend was 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.

iShares iBoxx $ Invest Grade Corp Bond (LQD) ETF fell again. On 8/27/08, LQD/TLT Relative Strength Ratio broke down to another new 5-month low, again confirming short-and intermediate-term Bearish trends. The long-term trend is also Bearish.

The U.S. dollar moved slightly higher, this 2 days after scoring a new 8-month price high. The short-term trend is up, and 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 39.3% Bulls versus 39.3% Bears as of 8/29/2008, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio fell to 1.00, down from 1.06 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 19.43, 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 NASDAQ Volatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio is 0.72, 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 1.63, 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 (1,300.68):

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 (1,300.68):

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

5.01% Homebuilders SPDR, XHB
4.40%Financial ServicesDJ, IYG
4.37% Bank Regional H, RKH
4.20% Capital Markets KWB ST, KCE
4.04% Financial SPDR, XLF
3.91% Financial DJ US, IYF
3.86% Financials VIPERs, VFH
3.72% Ultra Dow30 Double, DDM
3.48% Telecommunications & Wireless, PTE
3.36% REIT Wilshire, RWR
3.32% Real Estate US DJ, IYR
3.31% Ultra MidCap400 Double, MVV
3.29% Realty Cohen & Steers, ICF
3.28%Dividend Leaders, FDL
3.26% Value S&P 500, RPV
3.10% Dividend High Yield Equity PS, PEY
3.05% Value SmallCap iS M, JKL
2.78% Financials Global LargeCap Value, IXG
2.66% Australia Index, EWA
2.59% South Africa Index, EZA
2.55% Dividend Growth PS, PHJ
2.54% REIT VIPERs, VNQ
2.54% Leisure & Entertainment, PEJ
2.53% Dividend DJ Select, DVY
2.52% Ultra S&P500 Double, SSO
2.44% Transportation Av DJ, IYT
2.41% Telecom H, TTH
2.36% Value MidCap S&P 400, RFV
2.33% Industrials VIPERs, VIS
2.32% Consumer Discretionary SPDR, XLY
2.31% Consumer D. VIPERs, VCR
2.28% Dividend SPDR, SDY
2.27% Value SmallCap Russell 2000, IWN
2.27% Dividend International, PID
2.25% Telecom DJ US, IYZ
2.24% Industrial SPDR, XLI
2.22% Telecom Services VIPERs, VOX
2.20% Value MidCap Russell, IWS
2.14% Industrial LargeCap Blend DJ US, IYJ
2.13% Value LargeCap iS M, JKF
2.12% Value Small Cap DJ, DSV
2.12% SmallCap PS Zacks, PZJ
2.11% Biotech & Genome, PBE
2.11% Value S&P 500 B, IVE
2.10% Building & Construction, PKB
2.09% Italy Index, EWI
2.03% Aerospace & Defense, PPA
2.03% SmallCap Russell 2000, IWM
2.02% Consumer Cyclical DJ, IYC
1.95% Value LargeCap Dynamic PS, PWV
1.94% Value MidCap S&P 400 B, IJJ
1.92% MidCap Russell, IWR
1.92% Pacific ex-Japan, EPP
1.92% Internet H, HHH
1.91% Value SmallCap S&P 600 B, IJS
1.90% Value SmallCap VIPERS, VBR
1.90% Value MidCap iS M, JKI
1.89% Value LargeCap Russell 3000, IWW
1.89% Value VIPERs, VTV
1.89% Value EAFE MSCI, EFV
1.88% Small Cap VIPERs, VB
1.87% Microcap Russell, IWC
1.87% Software, PSJ
1.85% DIAMONDS (DJIA), DIA
1.82% LargeCap Blend S&P=Weight R, RSP
1.82% Value 1000 Russell, IWD
1.81% Dividend Achievers PS, PFM
1.80% Global Titans, DGT
1.80% Water Resources, PHO
1.80% Euro STOXX 50, FEZ
1.78% Growth SmallCap R 2000, IWO
1.76% France Index, EWQ
1.74% LargeCap VIPERs, VV
1.72% SmallCap Core iS M, JKJ
1.69% Extended Mkt VIPERs, VXF
1.68% Value MidCap Dynamic PS, PWP
1.65% Belgium Index, EWK
1.63% Blend Total Market VIPERs, VTI
1.62% Software, IGV
1.59% MidCap S&P 400 iS, IJH
1.59% LargeCap Blend Core iS M, JKD
1.58% Dividend Appreciation Vipers, VIG
1.57% Spain Index, EWP
1.57% SmallCap S&P 600, IJR
1.57% Growth SmallCap iS M, JKK
1.57% Networking, PXQ
1.56% Internet Infrastructure H, IIH
1.55% Sweden Index, EWD
1.55% LargeCap Blend Total Market DJ, IYY
1.54% Growth BARRA Small Cap 600, IJT
1.54% Retail H, RTH
1.54% LargeCap 1000 R, IWB
1.54% Materials VIPERs, VAW
1.53% EMU Europe Index, EZU
1.53% Growth Mid Cap Dynamic PS, PWJ
1.53% Insurance, PIC
1.52% MidCap Blend Core iS M, JKG
1.52% LargeCap Blend S&P 100, OEF
1.51% Germany Index, EWG
1.51% Growth SmallCap Dynamic PS, PWT
1.50% MidCap VIPERs, VO
1.50% Value SmallCap S&P 600, RZV
1.50% Silver Trust iS, SLV
1.50% Netherlands Index, EWN
1.49% Value LargeCap Fundamental RAFI 1000, PRF
1.49% OTC Dynamic PS, PWO
1.48% Micro Cap Zachs, PZI
1.48% Biotech SPDR, XBI
1.45% European VIPERs, VGK
1.44% Growth Small Cap DJ, DSG
1.44% Value LargeCap Euro STOXX 50 DJ, FEU
1.44% Value Large Cap DJ, ELV
1.43% Growth MidCap S&P 400, RFG
1.42% S&P 500 iS LargeCap Blend, IVV
1.42% Materials SPDR, XLB
1.42% Networking, IGN
1.42% Europe 350 S&P Index, IEV
1.39% Growth MidCap 400 B, IJK
1.39% Retail, PMR
1.39% Growth MidCap Russell, IWP
1.38% Food & Beverage, PBJ
1.37% MidCap S&P 400 SPDRs, MDY
1.37% Wilshire 5000 ST TM, TMW
1.37% LargeCap Blend Russell 3000, IWV
1.37% Developed 100 BLDRS, ADRD
1.37% Europe 100 BLDRS, ADRU
1.36% Growth SmallCap VIPERs, VBK
1.36% United Kingdom Index, EWU
1.35% Semiconductor SPDR, XSD
1.32% Switzerland Index, EWL
1.32% Malaysia Index, EWM
1.32% Telecommunications Global, IXP
1.30% Growth LargeCap NASDAQ Fidelity, ONEQ
1.30% Value 40 Large Low P/E FT DB, FDV
1.29% EAFE Index, EFA
1.27% Value LargeCap NYSE 100 iS, NY
1.26% MidCap Growth iS M, JKH
1.25% Semiconductor H, SMH
1.24% IPOs, First Tr IPOX-100, FPX
1.23% LargeCap Blend S&P 1500 iS, ISI
1.23% LargeCap Blend NYSE Composite iS, NYC
1.22% Global 100, IOO
1.21% S&P 500 SPDRs LargeCap Blend, SPY
1.19% Pacific VIPERs, VPL
1.17% LargeCap Blend Socially Responsible iS, KLD
1.15% Software H, SWH
1.15% Value SmallCap Dynamic PS, PWY
1.11% Biotechnology, IBB
1.09% Canada Index, EWC
1.07% Growth Large Cap, ELG
1.07% LargeCap Blend Dynamic PS, PWC
1.02% Utilities, PUI
1.01% WilderHill Clean Energy PS, PBW
1.01% Technology DJ US, IYW
1.01% Gold Shares S.T., GLD
0.98% Hardware & Electronics, PHW
0.98% Brazil Index, EWZ
0.96% LargeCap Rydex Rus Top 50, XLG
0.95% Growth EAFE MSCI, EFG
0.95% Semiconductor iS GS, IGW
0.94% Pharmaceuticals, PJP
0.94% Growth LargeCap Russell 3000, IWZ
0.94% Pharmaceutical H, PPH
0.93% Technology MS sT, MTK
0.93% Growth VIPERs, VUG
0.93% Growth 1000 Russell, IWF
0.90% Healthcare DJ, IYH
0.87% Technology GS, IGM
0.85% Growth S&P 500/BARRA, IVW
0.83% Consumer Non-Cyclical, IYK
0.83% Healthcare Global, IXJ
0.81% Growth LargeCap NASDAQ 100, QQQQ
0.80% Japan Index, EWJ
0.79% Growth LargeCap iS M, JKE
0.78% Basic Materials DJ US, IYM
0.77% Internet Architecture H, IAH
0.77% Lg Cap Growth PSD, PWB
0.77% Metals & Mining SPDR, XME
0.70% Growth S&P 500, RPG
0.70% Emerging Markets, EEM
0.68% Latin Am 40, ILF
0.64% Consumer Staples SPDR, XLP
0.61% Utilities VIPERs, VPU
0.61% Technology SPDR, XLK
0.58% Semiconductors, PSI
0.58% Health Care SPDR, XLV
0.56% Utilities DJ, IDU
0.54% Ultra QQQ Double, QLD
0.53% Health Care VIPERs, VHT
0.50% Mexico Index, EWW
0.43% Nanotech Lux, PXN
0.37% Value Line Timeliness MidCap Gr, PIV
0.32% Consumer Staples VIPERs, VDC
0.30% Energy Global, IXC
0.27% Utilities H, UTH
0.25% Asia 50 BLDRS, ADRA
0.18% Japan LargeCap Blend TOPIX 150, ITF
0.16% Utilities SPDR, XLU
0.14% Technology Global, IXN
0.14% Biotech H, BBH
0.11% Info Tech VIPERs, VGT
0.10% Emerging VIPERs, VWO
0.09% Bond, Aggregate, AGG
0.09% Singapore Index, EWS
0.06% Hong Kong Index, EWH
0.01% Bond, 20+ Years Treasury, TLT
-0.02% Bond, Corp, LQD
-0.05% Bond, 1-3 Year Treasury, SHY
-0.07% Broadband H, BDH
-0.09% Emerging 50 BLDRS, ADRE
-0.14% Austria Index, EWO
-0.15% Bond, 10 Year Treasury, IEF
-0.15% Taiwan Index, EWT
-0.31% Bond, TIPS, TIP
-0.37% Short 100% QQQ, PSQ
-0.76% South Korea Index, EWY
-0.77% Short 200% QQQ PS, QID
-0.80% Oil & Gas, PXJ
-0.89% Natural Resource iS GS, IGE
-0.93% Energy DJ, IYE
-1.03% China LargeCap Growth G D H USX PS, PGJ
-1.09% Energy VIPERs, VDE
-1.44% Short 100% S&P 500, SH
-1.48% Energy Exploration & Prod, PXE
-1.55% Short 100% MidCap 400, MYY
-1.66% Oil Services H, OIH
-1.72% Internet B2B H, BHH
-1.73% China 25 iS, FXI
-1.76% Energy SPDR, XLE
-1.93% Short 100% Dow 30, DOG
-1.97% Commodity Tracking, DBC
-2.37% Oil, Crude, U.S. Oil Fund, USO
-2.40% Short 200% S&P 500 PS, SDS
-3.32% Short 200% MidCap 400 PS, MZZ
-4.02% Short 200% Dow 30 PS, DXD