by Robert W. Colby, Senior Analyst, TraderPlanet.com

Stock Market: Broad price indexes fell 4% to 5% to new 3-year lows. Financial Sector absolute price fell 9.60%.

Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 22-month lows, so major breadth trends remain Bearish.

Health Care Sector Relative Strength moved up to a new 3-year high, confirming a long-term uptrend.

Industrial, Technology, and Utilities Sectors: absolute price fell to new 2-year lows, indicating long-term trend weakness.

Stocks may appear oversold, but it is generally more important to realize that the trend is your friend.

At this point, much may depend on the news of the day, which itself seems most unpredictable.

VIX, VXN, and Put/Call ratios indicate high levels of Fear.

iShares iBoxx $ InvestGrade Corp Bond (LQD) ETF absolute price plunged to another new low. Bond investorsare fearful.

iShares Lehman TIPS Bond (TIP) ETF relative to TLT fell steeply again, perhaps reflecting expectations of deflation.

Gold jumped steeply upward in a flight to safety.

On Wednesday , stocks opened significantly lower and remained under pressure most of the day. Prices fell straight down in the final hour to close at their lowest levels of the day. The Standard & Poor’s 500 cash index (1,156.39) closed down 57.20 points, or 4.71%, to close at its lowest level in more than 3 years. Total NYSE volume was nearly unchanged from Tuesday’s heavy pace.

News and speculation about companies in the deeply troubled financial sector appear to be causing volatile, disorderly, unpredictable market behavior. Technically speaking, the trend for the short term remains Bearish, until proven otherwise.

The established intermediate-term trend remains clearly Bearish. Long-term, the S&P 500 has been in a Primary Tide Bear Market since the intraday high of 1,576.09 on 10/11/2007, as this daily update has consistently pointed out.

For the general stock market indexes, seasonal tendencies for the month of September are unfavorable. Reward/Risk tradeoffs still appear unattractive, so it still seems appropriate to focus on capital preservation.

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
39.10% , SNDK , SanDisk Corporation
11.29% , GLD , Gold Shares S.T., GLD
14.42% , SLV , Silver Trust iS, SLV
11.70% , IAU , Gold COMEX iS, IAU
9.36% , NEM , NEWMONT MINING
4.01% , FRE , FREDDIE MAC
5.67% , RFMD , RF Micro Devices Inc
1.74% , GIS , GENERAL MILLS
1.84% , R , RYDER SYSTEM
0.48% , SHY , Bond, 1-3 Year Treasury, SHY
2.19% , GRMN , GARMIN LTD
1.30% , GNTX , Gentex Corporation
1.99% , EOG , EOG RESOURCES
4.28% , NVDA , NVIDIA
0.52% , K , KELLOGG
1.47% , MYL , MYLAN LABS
0.70% , VMC , VULCAN MATERIALS
2.06% , XTO , XTO ENERGY INC
0.36% , TIP , Bond, TIPS, TIP
0.28% , SGP , SCHERING PLOUGH
0.90% , IEF , Bond, 10 Year Treasury, IEF
0.25% , AGG , Bond, Aggregate, AGG

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-3.72% , RZV , Value SmallCap S&P 600, RZV
-6.46% , RPV , Value S&P 500, RPV
-4.92% , PMR , Retail, PMR
-24.22% , MS , MORGAN STANLEY
-56.67% , LEH , LEHMAN BROS HLDG
-5.00% , HHH , Internet H, HHH
-3.96% , FPX , IPOs, First Tr IPOX-100, FPX
-14.77% , TUP , TUPPERWARE
-13.92% , GS , GOLDMAN SACHS
-3.49% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-3.30% , FEZ , Euro STOXX 50, FEZ
-3.96% , PSJ , Software, PSJ
-15.58% , SANM , SANMINA
-5.50% , PTE , Telecommunications & Wireless, PTE
-5.11% , UTH , Utilities H, UTH
-4.45% , PBJ , Food & Beverage, PBJ
-4.17% , DSG , Growth Small Cap DJ, DSG
-11.65% , SLM , SLM CORP
-12.22% , ODP , OFFICE DEPOT
-13.76% , NIHD , NII Holdings, Inc.
-10.60% , FNM , FANNIE MAE
-25.79% , GNW , GENWORTH FINANCIAL (NYSE:GNW)
-2.38% , PXE , Energy Exploration & Prod, PXE
-6.92% , NI , NISOURCE
-7.71% , FII , FED INVESTORS STK B
-4.46% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
-5.46% , PWB , Lg Cap Growth PSD, PWB
-4.50% , PKB , Building & Construction, PKB
-16.80% , SSCC , Smurfit-Stone Container Corporation
-4.34% , IWR , MidCap Russell, IWR
-10.06% , HOT , STARWOOD HOTELS
-3.76% , SWH , Software H, SWH
-14.65% , UIS , UNISYS
-12.29% , BK , BANK OF NEW YORK
-9.63% , OMX , OFFICEMAX INC., OMX
-7.65% , BA , BOEING
-7.52% , IXG , Financials Global LargeCap Value, IXG
-4.43% , EFV , Value EAFE MSCI, EFV
-6.35% , PBE , Biotech & Genome, PBE
-8.36% , PPL , PPL

Sectors: among the 9 major U.S. sectors, all 9 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
-1.59% Health Care SPDR, XLV
-1.87% Materials SPDR, XLB
-2.10% Energy SPDR, XLE
-3.38% Industrial SPDR, XLI
-3.58% Consumer Staples SPDR, XLP
-3.95% Consumer Discretionary SPDR, XLY
-4.84% Utilities SPDR, XLU
-5.55% Technology SPDR, XLK
-9.60% 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 9/15/08, XLP /SPY Relative Strength Ratio rose to another new 5-year high, again confirming that the long-term trend is up. On 9/8/08, XLP absolute price rose to a new 8-month high, indicating significant price trend strength.

Health Care (XLV) Neutral, Market Weight. On 9/17/08, the XLV/SPY Relative Strength Ratio moved up to a new 3-year high, confirming a long-term uptrend.

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.

Materials (XLB) Bearish, Underweight. On 9/16/08, the XLB absolute price fell to a new 8-month low, indicating significant trend weakness.

Industrial (XLI) Bearish, Underweight. On 9/17/08, the XLI absolute price fell to a new 2-year low, indicating long-term trend weakness.

Energy (XLE) Bearish, Underweight. On 9/16/08, the XLE absolute price fell to a new 8-month low, indicating significant trend weakness.

Technology (XLK) Bearish, Underweight. On 9/17/08, the XLK absolute price fell to a new 2-year low, indicating long-term trend weakness.

Utilities (XLU) Bearish, Underweight. On 9/17/08, the XLU absolute price fell to a new 2-year low, indicating long-term trend weakness.

Financial (XLF) Bearish, Underweight. On 9/16/08, the XLF absolute price fell to their lowest level in 2 months. 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 34-month low on 9/17/08 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 remains Bearish. On 9/17/08, absolute price broke down to another new 2-year low, indicating long-term trend weakness. Relative Strength Ratio has been in a declining trend since 8/14/08.

NASDAQ 100 Index absolute price broke down to a new 2-year low on 9/17/08.

Growth Stock/Value Stock Relative Strength Ratio fell to a new 5-month low on 9/8/08. The short-term trend appears uncertain. 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 has been consolidating since making a 2-year high on 8/14/08. The long-term trend has been Bullish most of the time since 4/8/99.

Crude oilfuturescontract price closed above the high of the previous day. The short-term and intermediate-term trends remain Bearish. 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 outperformed Crude Oil since 7/11/08.

Gold futures contract price jumped steeply upward in a flight to safety. Gold’s short-term is Bullish. Gold has been in an intermediate-term downtrend since the peak of 1033.90 on 3/17/08.

Gold Mining stocks continue to underperform Gold futures on a major trend basis.

U.S. Treasury Bond futures contract price rose to another new 5-year closing price high. Short term, Bonds are in an uptrend. 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 absolute price plunged to another new low. On 9/17/08, LQD/TLT Relative Strength Ratio broke down to another new multi-year low, again confirming that the short-term, intermediate-term, and long-term trends all are Bearish. Bond investors appear to be seriously concerned about the economic outlook.

iShares Lehman TIPS Bond (TIP) ETF remains relatively weak. On 9/17/08, TIP/TLT Relative Strength Ratio broke down to a new multi-year low, again confirming that the short-term, intermediate-term, and long-term trends all are Bearish. This implies that Bond investors may be anticipating deflation.

The U.S. dollar turned back down. On 9/17/08, the dollar broke down below the lows of the previous 2 weeks. The short-term appeared to have turned corrective to the downside.

The Art of Contrary Thinking: Tradersneed 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 37.9% Bulls versus 43.7% Bears as of 9/17/2008, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio fell to 0.87, down from 0.92 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 36.22, rose to the highest level of Fear since 10/11/02. 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 31.00, rose to the highest level of Fear since 4/14/03. 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 0.95, 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 1.03, 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 and seem likely to weaken further 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 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 9/17/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 22-month lows, so major breadth trends remain Bearish.

To discoverthe next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500 cash index (1,156.39):

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 (1,156.39):

Potential Support
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
14.42% Silver Trust iS, SLV
11.29% Gold Shares S.T., GLD
10.84% Short 200% MidCap 400 PS, MZZ
10.28% Short 200% QQQ PS, QID
8.73% Short 200% S&P 500 PS, SDS
8.03% Short 200% Dow 30 PS, DXD
4.94% Short 100% QQQ, PSQ
4.70% Short 100% S&P 500, SH
4.05% Short 100% Dow 30, DOG
3.91% Short 100% MidCap 400, MYY
3.35% Oil, Crude, U.S. Oil Fund, USO
3.01% Commodity Tracking, DBC
0.90% Bond, 10 Year Treasury, IEF
0.50% Bond, 20+ Years Treasury, TLT
0.48% Bond, 1-3 Year Treasury, SHY
0.36% Bond, TIPS, TIP
0.25% Bond, Aggregate, AGG
0.19% Internet B2B H, BHH
-0.13% Dividend Leaders, FDL
-1.58% Switzerland Index, EWL
-1.59% Health Care SPDR, XLV
-1.70% United Kingdom Index, EWU
-1.87% Materials SPDR, XLB
-1.97% Natural Resource iS GS, IGE
-2.10% Energy SPDR, XLE
-2.16% Energy Global, IXC
-2.17% Energy DJ, IYE
-2.18% Pharmaceutical H, PPH
-2.24% Germany Index, EWG
-2.38% Energy Exploration & Prod, PXE
-2.51% Growth EAFE MSCI, EFG
-2.55% Malaysia Index, EWM
-2.55% Metals & Mining SPDR, XME
-2.62% LargeCap Blend Socially Responsible iS, KLD
-2.81% EMU Europe Index, EZU
-2.81% Healthcare Global, IXJ
-2.87% Consumer Staples VIPERs, VDC
-2.88% Semiconductor SPDR, XSD
-2.88% Value 40 Large Low P/E FT DB, FDV
-2.99% Canada Index, EWC
-3.00% European VIPERs, VGK
-3.02% Japan LargeCap Blend TOPIX 150, ITF
-3.03% Semiconductors, PSI
-3.14% Internet Infrastructure H, IIH
-3.21% Dividend High Yield Equity PS, PEY
-3.21% Dividend Achievers PS, PFM
-3.22% Health Care VIPERs, VHT
-3.23% Dividend Appreciation Vipers, VIG
-3.24% SmallCap PS Zacks, PZJ
-3.26% South Korea Index, EWY
-3.29% Healthcare DJ, IYH
-3.30% Euro STOXX 50, FEZ
-3.30% Networking, PXQ
-3.34% Consumer Non-Cyclical, IYK
-3.35% Semiconductor iS GS, IGW
-3.38% Industrial SPDR, XLI
-3.44% Spain Index, EWP
-3.44% Growth BARRA Small Cap 600, IJT
-3.46% Leisure & Entertainment, PEJ
-3.47% Pharmaceuticals, PJP
-3.49% Value LargeCap Euro STOXX 50 DJ, FEU
-3.51% France Index, EWQ
-3.52% DIAMONDS (DJIA), DIA
-3.54% Energy VIPERs, VDE
-3.54% Europe 100 BLDRS, ADRU
-3.57% Japan Index, EWJ
-3.58% Consumer Staples SPDR, XLP
-3.58% Growth SmallCap Dynamic PS, PWT
-3.62% Basic Materials DJ US, IYM
-3.65% Global 100, IOO
-3.66% Dividend DJ Select, DVY
-3.66% Biotech H, BBH
-3.67% Transportation Av DJ, IYT
-3.68% Growth SmallCap VIPERs, VBK
-3.72% Value SmallCap S&P 600, RZV
-3.73% Value MidCap Dynamic PS, PWP
-3.75% Water Resources, PHO
-3.76% Software H, SWH
-3.79% Growth SmallCap iS M, JKK
-3.82% EAFE Index, EFA
-3.83% Dividend SPDR, SDY
-3.83% Growth Mid Cap Dynamic PS, PWJ
-3.84% LargeCap Blend NYSE Composite iS, NYC
-3.92% Growth Large Cap, ELG
-3.95% Consumer Discretionary SPDR, XLY
-3.96% IPOs, First Tr IPOX-100, FPX
-3.96% Software, PSJ
-3.98% Growth S&P 500/BARRA, IVW
-4.00% Oil & Gas, PXJ
-4.00% Oil Services H, OIH
-4.01% Growth MidCap S&P 400, RFG
-4.01% MidCap Growth iS M, JKH
-4.03% MidCap Blend Core iS M, JKG
-4.03% Wilshire 5000 ST TM, TMW
-4.07% OTC Dynamic PS, PWO
-4.11% Growth LargeCap Russell 3000, IWZ
-4.15% Materials VIPERs, VAW
-4.16% Value LargeCap Dynamic PS, PWV
-4.17% Growth Small Cap DJ, DSG
-4.19% Consumer Cyclical DJ, IYC
-4.19% Growth SmallCap R 2000, IWO
-4.20% SmallCap S&P 600, IJR
-4.23% LargeCap Blend Russell 3000, IWV
-4.24% MidCap S&P 400 iS, IJH
-4.24% Pacific VIPERs, VPL
-4.24% Developed 100 BLDRS, ADRD
-4.25% Growth 1000 Russell, IWF
-4.26% Belgium Index, EWK
-4.27% LargeCap Blend Dynamic PS, PWC
-4.29% Insurance, PIC
-4.30% Telecommunications Global, IXP
-4.32% Value MidCap S&P 400 B, IJJ
-4.34% SmallCap Core iS M, JKJ
-4.34% MidCap Russell, IWR
-4.36% LargeCap Blend Core iS M, JKD
-4.37% Utilities, PUI
-4.38% Growth MidCap Russell, IWP
-4.39% Industrials VIPERs, VIS
-4.39% LargeCap VIPERs, VV
-4.39% Software, IGV
-4.40% Italy Index, EWI
-4.40% Technology MS sT, MTK
-4.42% Technology DJ US, IYW
-4.43% Value EAFE MSCI, EFV
-4.43% Industrial LargeCap Blend DJ US, IYJ
-4.44% Micro Cap Zachs, PZI
-4.44% Semiconductor H, SMH
-4.45% Food & Beverage, PBJ
-4.46% Value LargeCap NYSE 100 iS, NY
-4.46% LargeCap Rydex Rus Top 50, XLG
-4.46% Hardware & Electronics, PHW
-4.46% Growth LargeCap NASDAQ Fidelity, ONEQ
-4.46% Value Small Cap DJ, DSV
-4.47% Blend Total Market VIPERs, VTI
-4.47% Growth MidCap 400 B, IJK
-4.48% Netherlands Index, EWN
-4.49% Value MidCap S&P 400, RFV
-4.50% Building & Construction, PKB
-4.50% S&P 500 SPDRs LargeCap Blend, SPY
-4.50% Info Tech VIPERs, VGT
-4.51% SmallCap Russell 2000, IWM
-4.54% Technology GS, IGM
-4.54% S&P 500 iS LargeCap Blend, IVV
-4.55% Growth VIPERs, VUG
-4.55% Growth LargeCap iS M, JKE
-4.55% Consumer D. VIPERs, VCR
-4.55% Internet Architecture H, IAH
-4.55% LargeCap Blend S&P=Weight R, RSP
-4.56% LargeCap Blend Total Market DJ, IYY
-4.56% LargeCap Blend S&P 1500 iS, ISI
-4.58% LargeCap 1000 R, IWB
-4.58% Bond, Corp, LQD
-4.59% MidCap VIPERs, VO
-4.60% Europe 350 S&P Index, IEV
-4.61% MidCap S&P 400 SPDRs, MDY
-4.63% Value SmallCap Dynamic PS, PWY
-4.64% Telecom H, TTH
-4.66% Real Estate US DJ, IYR
-4.66% Dividend International, PID
-4.67% Value SmallCap S&P 600 B, IJS
-4.76% Small Cap VIPERs, VB
-4.81% Value SmallCap VIPERS, VBR
-4.82% Value 1000 Russell, IWD
-4.84% Value SmallCap iS M, JKL
-4.84% Value MidCap iS M, JKI
-4.84% Utilities SPDR, XLU
-4.87% Value VIPERs, VTV
-4.88% Microcap Russell, IWC
-4.89% Growth S&P 500, RPG
-4.91% Value LargeCap Fundamental RAFI 1000, PRF
-4.92% Biotech SPDR, XBI
-4.92% LargeCap Blend S&P 100, OEF
-4.92% Retail, PMR
-4.96% Utilities DJ, IDU
-4.96% Value Large Cap DJ, ELV
-4.98% Value MidCap Russell, IWS
-5.00% Internet H, HHH
-5.02% Extended Mkt VIPERs, VXF
-5.06% Value LargeCap iS M, JKF
-5.07% Value LargeCap Russell 3000, IWW
-5.09% Biotechnology, IBB
-5.11% Utilities H, UTH
-5.12% Realty Cohen & Steers, ICF
-5.16% Value SmallCap Russell 2000, IWN
-5.19% Growth LargeCap NASDAQ 100, QQQQ
-5.22% Technology Global, IXN
-5.28% Utilities VIPERs, VPU
-5.33% Retail H, RTH
-5.39% Global Titans, DGT
-5.45% REIT Wilshire, RWR
-5.46% Lg Cap Growth PSD, PWB
-5.49% Value Line Timeliness MidCap Gr, PIV
-5.50% Telecommunications & Wireless, PTE
-5.51% Dividend Growth PS, PHJ
-5.55% Technology SPDR, XLK
-5.61% Sweden Index, EWD
-5.62% Telecom Services VIPERs, VOX
-5.66% Value S&P 500 B, IVE
-5.73% Australia Index, EWA
-5.75% REIT VIPERs, VNQ
-6.04% Asia 50 BLDRS, ADRA
-6.07% South Africa Index, EZA
-6.07% Telecom DJ US, IYZ
-6.09% Broadband H, BDH
-6.14% Aerospace & Defense, PPA
-6.16% Pacific ex-Japan, EPP
-6.28% Singapore Index, EWS
-6.35% Biotech & Genome, PBE
-6.46% Value S&P 500, RPV
-6.48% Austria Index, EWO
-6.51% China LargeCap Growth G D H USX PS, PGJ
-6.52% Taiwan Index, EWT
-6.60% Nanotech Lux, PXN
-6.62% Emerging VIPERs, VWO
-6.65% Emerging 50 BLDRS, ADRE
-6.73% WilderHill Clean Energy PS, PBW
-6.89% Networking, IGN
-7.10% Emerging Markets, EEM
-7.35% Mexico Index, EWW
-7.52% Financials Global LargeCap Value, IXG
-7.64% Hong Kong Index, EWH
-7.74% Homebuilders SPDR, XHB
-7.75% Financial DJ US, IYF
-7.85% Ultra Dow30 Double, DDM
-7.88% Bank Regional H, RKH
-8.20% Financials VIPERs, VFH
-8.49% Ultra S&P500 Double, SSO
-8.54% Latin Am 40, ILF
-8.85% Financial Services DJ, IYG
-8.85% Capital Markets KWB ST, KCE
-9.15% Brazil Index, EWZ
-9.60% Financial SPDR, XLF
-9.97% Ultra QQQ Double, QLD
-10.21% Ultra MidCap400 Double, MVV
-12.77% China 25 iS, FXI