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


Stock Market: Dow Theory Primary Tide Bear Trend confirmed again on Friday.

Both the Dow-Jones Industrials and Transports closed below their previous lowest closing prices of 2006-2008.

The Primary Tide Trend is a powerful force that deserves our respect.

VIX and VXN jumped to new highs, indicating very substantial and intensifying fear.

Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 2-year lows, reconfirming that the major breadth trends remain Bearish.

Focus on capital preservation.

On Friday, major stock price indexes gapped down significantly lower on the open but soon turned up. By 3:00 p.m., stocks had recovered most of that early loss. Prices turned down in the final hour but still closed above the open, about mid range for the day, and significantly lower for the day. The Standard & Poor’s 500 cash index (876.77) closed down 31.34 points, or 3.45%, at a new 5-year closing price low. Total NYSE volume fell 9%, suggesting less interest in trading.

CATS remains out, on the sidelines. CATS covered short but did not buy long on Wednesday’s open. CATS Simulated Cumulative Equity soared by 81% to new all-time highs from 9/8/08 to 10/22/08, assuming 50% margin and zero transaction costs. CATS is the Colby Algorithmic Timing System. (Click here for a graph of simulated performance.)

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

5.35% , IIH , Internet Infrastructure H, IIH
3.52% , PNC , PNC FINL SVC
9.05% , ABK , AMBAC FINL GRP
16.21% , HIG , HARTFORD FINL
6.45% , CIEN.O , CIENA
3.73% , VIA.B , VIACOM STK B
6.19% , PRU , PRUDENTIAL FINL
6.75% , BBT , BB&T
2.69% , MYY , Short 100% MidCap 400, MYY
2.67% , JNS , JANUS CAPITAL
11.26% , GNW , GENWORTH FINANCIAL (NYSE:GNW)
4.47% , CB , CHUBB
4.36% , VIA , VIACOM INC. (New)
5.37% , PFG , PRINCIPAL FINL
2.09% , LNC , LINCOLN NATL
2.21% , GLD , Gold Shares S.T., GLD
2.77% , NSM , NATL SEMICONDUCT
2.41% , FLEX , Flextronics International Ltd
1.51% , IAU , Gold COMEX iS, IAU
5.53% , EMC , EMC
0.85% , PHJ , Dividend Growth PS, PHJ
2.37% , FDO , FAMILY DLR STRS
3.38% , PSQ , Short 100% QQQ, PSQ
0.77% , FO , FORTUNE BRANDS
0.40% , LQD , Bond, Corp, LQD
1.43% , HUM , HUMANA
4.00% , MCHP , Microchip Technology Incorporated
3.87% , DOG , Short 100% Dow 30, DOG
2.58% , ZION , ZIONS
1.65% , TROW , T ROWE PRICE GP
4.36% , SH , Short 100% S&P 500, SH
0.46% , RYAAY , Ryanair Holdings plc
0.64% , PCG , PG&E
1.26% , MAR , MARRIOTT INTL STK A
0.08% , SHY , Bond, 1-3 Year Treasury, SHY
1.24% , SIAL , SIGMA ALDRICH
7.09% , DXD , Short 200% Dow 30 PS, DXD
0.04% , LNCR , Lincare Holdings Inc

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

-24.73% , NCC , NATIONAL CITY
-16.67% , BHH , Internet B2B H, BHH
-28.71% , FITB , FIFTH THIRD BANC
-3.34% , PPA , Aerospace & Defense, PPA
-19.05% , AIG , AMER INTL GROUP
-21.11% , HPC , HERCULES
-5.05% , EWN , Netherlands Index, EWN
-17.79% , FHN , FIRST TENNESSEE
-2.85% , PXE , Energy Exploration & Prod, PXE
-6.31% , DGT , Global Titans, DGT
-5.23% , IXG , Financials Global LargeCap Value, IXG
-12.53% , WY , WEYERHAEUSER
-9.38% , EWA , Australia Index, EWA
-5.93% , CAR , Avis Budget Group, Inc. (CAR)
-4.89% , IOO , Global 100, IOO
-3.39% , RPG , Growth S&P 500, RPG
-4.59% , EWK , Belgium Index, EWK
-9.34% , EPI , India Earnings WTree, EPI
-4.33% , RZV , Value SmallCap S&P 600, RZV
-4.71% , TIF , TIFFANY
-3.45% , PXN , Nanotech Lux, PXN
-13.22% , ETFC.O , E*TRADE FINANCIAL
-13.98% , AN , AUTONATION
-5.08% , CTL , CENTURYTEL
-13.66% , WYNN , Wynn Resorts L
-12.92% , XL , XL CAPITAL STK A
-1.88% , PBJ , Food & Beverage, PBJ
-14.19% , DYN , DYNEGY
-6.14% , EFG , Growth EAFE MSCI, EFG
-2.38% , JKF , Value LargeCap iS M, JKF
-8.54% , EPP , Pacific ex-Japan, EPP
-4.87% , IYZ , Telecom DJ US, IYZ
-9.20% , S , SPRINT NEXTEL
-9.10% , EWS , Singapore Index, EWS
-8.16% , ASH , ASHLAND
-2.46% , GM , GENERAL MOTORS
-1.60% , JKI , Value MidCap iS M, JKI
-6.98% , PBW , WilderHill Clean Energy PS, PBW
-0.42% , IEF , Bond, 10 Year Treasury, IEF
-6.53% , EWO , Austria Index, EWO

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

-0.35% Health Care SPDR, XLV
-2.66% Utilities SPDR, XLU
-4.30% Materials SPDR, XLB
-4.68% Technology SPDR, XLK
-5.00% Consumer Staples SPDR, XLP
-5.73% Consumer Discretionary SPDR, XLY
-5.76% Industrial SPDR, XLI
-6.23% Energy SPDR, XLE
-6.49% 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 10/10/08, XLP/SPY Relative Strength Ratio rose to another new 5-year high, but XLP absolute price fell to a new 2-year low. XLP is the best of a bad lot.

Health Care (XLV) Neutral, Market Weight. On 10/24/08, XLV/SPY Relative Strength Ratio rose to another new 4-year high. But on 10/10/08, XLV absolute price fell to a new 5-year low.

Utilities (XLU) Bearish, Underweight. On 10/10/08, the XLU absolute price fell to another new 2-year low.

Technology (XLK) Bearish, Underweight. On 10/24/08, the XLK absolute price fell to another new 41-month low.

Industrial (XLI) Bearish, Underweight. On 10/24/08, the XLI absolute price hit another new 58-month low.

Consumer Discretionary (XLY) Bearish, Underweight. On 10/24/08, XLY absolute price fell to its lowest level in 5 years.

Energy (XLE) Bearish, Underweight. On 10/10/08, the XLE absolute price hit another new 18-month intraday low.

Materials (XLB) Bearish, Underweight. On 10/24/08, the XLB absolute price made another new 26-month intraday low.

Financial (XLF) Bearish, Underweight. On 10/10/08, the XLF absolute price hit another new 10-year low. The XLF long-term trend of relative strength has been trending down since 2/20/07.

Foreign stock index EFA Relative Strength Ratio has sharply underperformed the S&P 500 since 11/27/07. EFA absolute price fell to a new 4-year low on 10/24/08 and has been in a falling trend since 10/31/07. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite remains Bearish. On 10/24/08, the absolute price made another new 5-year low, reconfirming long-term trend weakness.

NASDAQ 100 Index the intraday price hit a new 5-year low on 10/24/08.

Growth Stock/Value Stock Relative Strength Ratio has been trending down since it peaked on 7/15/08.

The Small Cap/Large Cap Relative Strength Ratio has been trending down since it peaked on 9/19/08.

Crude Oil futures December contract price fell to a new 16-month low, confirming its downtrend. On 10/24/08, oil fell to a new low of 62.65 intraday. 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 underperformed Crude Oil since 5/30/07.

Gold futures contract price broke down below previous 13-month lows but reversed to close higher. Gold appears uncertain short-term but remains 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 reversed to the downside. Suddenly, Bonds appear uncertain both for the short term and possibly the intermediate-term. Long term, Bonds have been in a neutral sideways trend since June 2003.

iShares iBoxx $ Invest Grade Corp Bond (LQD) ETF absolute price and LQD/TLT Relative Strength Ratio both fell to multi-year new lows on 10/10/08. Bond investors appear to be seriously concerned about the economic outlook.

iShares Lehman TIPS Bond (TIP) ETF Relative Strength suggests deflation. The TIP/TLT Relative Strength ratio has been in a persistent downtrend since 7/3/08.

The U.S. dollar is still in an uptrend. It made another new 24-month high on 10/24/08. Most trends remain Bullish, except perhaps for the secular, which is more than one major cycle.

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 record high levels of volatility. Investors might be wise to focus on risk control.

Sentiment/Contrary Opinion: There were 22.2% Bulls versus 54.4% Bears as of 10/22/2008, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 0.41, down from 0.42 the previous week. This is an extreme level of pessimism. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47. Contrary Opinion must be tempered with other timing tools, of course.

VIX Fear Index, now at 79.13, jumped up to a new 18-year high. The 18-year 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 78.82, jumped up to a new 7-year high. The record high was 114.23 on 10/8/98. The record 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 0.97, 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 1.14, 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 reconfirmed a Primary Tide Bear Market on 10/24/08, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their previous lowest closing prices of 2006-2008. These two Averages originally confirmed a Primary Tide Bear Market on 11/21/07, when both closed below their closing price lows of August, 2007.

Shock and Fear. There is nothing new under the sun. The Dow Theory described this type of market many decades ago. From my book, The Encyclopedia of Technical Market Indicators , Second Edition : “The second Bear phase is marked by a sudden mood change, from optimism and hope to shock and fear. One day, the public wakes up and sees, much to its surprise, that “the emperor has no clothes”. Actual fundamental business conditions are not panning out to be as positive as previously hoped. In fact, there may be a little problem. The smart money is long gone, and there is no one left to buy when the public wants out. Stock prices drop steeply in a vacuum. Fear quickly replaces greed. Repeated waves of panic may sweep the market. Transactional volume swells as the unsophisticated investor screams, “Get me out at any price!” Sharp professional traders are willing to bid way down in price for stocks when prices drop too far too fast. The best that can be expected, however, is a dead-cat bounce that recovers only a fraction of the steep loss.”

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 10/24/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 2-year lows, reconfirming that the 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 (876.77):

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
1,274.42, high of 9/8/2008
1,255.09, high of 9/12/2008
1,220.03, high of 9/25/2008
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.91, high of 10/14/2008
985.44, high of 10/20/2008
970.50, Gann 75.0% of 2002-2007 upmove
941.43, Fibonacci 78.6% of 2002-2007 upmove

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 (876.77):

Potential Support
839.80, low of 10/10/2008
768.63, low of 10/10/2002

Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol

8.29% Short 200% QQQ PS, QID
7.41% Short 200% S&P 500 PS, SDS
7.09% Short 200% Dow 30 PS, DXD
5.83% Short 200% MidCap 400 PS, MZZ
5.35% Internet Infrastructure H, IIH
4.36% Short 100% S&P 500, SH
3.87% Short 100% Dow 30, DOG
3.38% Short 100% QQQ, PSQ
2.69% Short 100% MidCap 400, MYY
2.33% Networking, PXQ
2.21% Gold Shares S.T., GLD
1.79% Insurance, PIC
1.53% Hardware & Electronics, PHW
1.47% Value Large Cap DJ, ELV
1.45% Growth SmallCap Dynamic PS, PWT
1.15% Semiconductor SPDR, XSD
0.85% Dividend Growth PS, PHJ
0.40% Bond, Corp, LQD
0.28% Semiconductors, PSI
0.08% Bond, 1-3 Year Treasury, SHY
0.00% Semiconductor H, SMH
-0.10% Semiconductor iS GS, IGW
-0.20% Dividend Leaders, FDL
-0.35% Technology MS sT, MTK
-0.35% Health Care SPDR, XLV
-0.40% Software, PSJ
-0.42% Bond, 10 Year Treasury, IEF
-0.65% Japan LargeCap Blend TOPIX 150, ITF
-0.67% Dividend International, PID
-0.68% Utilities, PUI
-0.80% Broadband H, BDH
-0.84% Bond, Aggregate, AGG
-1.00% Dividend High Yield Equity PS, PEY
-1.06% Bond, 20+ Years Treasury, TLT
-1.07% Building & Construction, PKB
-1.14% Value SmallCap Dynamic PS, PWY
-1.15% OTC Dynamic PS, PWO
-1.28% LargeCap Blend Socially Responsible iS, KLD
-1.31% Value LargeCap NYSE 100 iS, NY
-1.43% Value MidCap Dynamic PS, PWP
-1.52% LargeCap Blend Core iS M, JKD
-1.60% Value MidCap iS M, JKI
-1.63% Value S&P 500, RPV
-1.71% Technology GS, IGM
-1.80% Value Small Cap DJ, DSV
-1.88% Food & Beverage, PBJ
-1.92% Internet Architecture H, IAH
-1.93% Dividend Achievers PS, PFM
-1.98% Retail, PMR
-2.01% Biotech H, BBH
-2.06% SmallCap PS Zacks, PZJ
-2.11% Software H, SWH
-2.15% Growth MidCap 400 B, IJK
-2.17% Value Line Timeliness MidCap Gr, PIV
-2.18% Value MidCap S&P 400, RFV
-2.22% LargeCap Blend Total Market DJ, IYY
-2.29% Dividend SPDR, SDY
-2.30% Healthcare Global, IXJ
-2.38% Value LargeCap iS M, JKF
-2.39% Bond, TIPS, TIP
-2.42% Healthcare DJ, IYH
-2.43% Pharmaceuticals, PJP
-2.44% Utilities H, UTH
-2.45% Value MidCap S&P 400 B, IJJ
-2.45% Growth LargeCap Russell 3000, IWZ
-2.46% Growth Mid Cap Dynamic PS, PWJ
-2.48% Retail H, RTH
-2.50% Growth LargeCap NASDAQ Fidelity, ONEQ
-2.63% Value SmallCap iS M, JKL
-2.65% LargeCap Blend Dynamic PS, PWC
-2.66% Utilities SPDR, XLU
-2.66% Canada Index, EWC
-2.66% Health Care VIPERs, VHT
-2.67% Silver Trust iS, SLV
-2.68% Value 40 Large Low P/E FT DB, FDV
-2.69% Value LargeCap Fundamental RAFI 1000, PRF
-2.74% Leisure & Entertainment, PEJ
-2.75% Technology DJ US, IYW
-2.79% Networking, IGN
-2.79% Internet H, HHH
-2.80% SmallCap Core iS M, JKJ
-2.80% MidCap S&P 400 iS, IJH
-2.85% Energy Exploration & Prod, PXE
-2.87% Info Tech VIPERs, VGT
-2.88% LargeCap Rydex Rus Top 50, XLG
-2.92% Dividend Appreciation Vipers, VIG
-2.95% Value LargeCap Russell 3000, IWW
-2.97% Utilities DJ, IDU
-2.97% MidCap Blend Core iS M, JKG
-2.98% IPOs, First Tr IPOX-100, FPX
-2.99% Homebuilders SPDR, XHB
-2.99% Dividend DJ Select, DVY
-3.01% Pharmaceutical H, PPH
-3.02% Biotech SPDR, XBI
-3.03% MidCap Growth iS M, JKH
-3.05% Energy DJ, IYE
-3.06% Value LargeCap Dynamic PS, PWV
-3.14% Growth LargeCap iS M, JKE
-3.18% Telecom H, TTH
-3.19% Wilshire 5000 ST TM, TMW
-3.21% Utilities VIPERs, VPU
-3.21% Growth LargeCap NASDAQ 100, QQQQ
-3.22% Biotech & Genome, PBE
-3.24% Growth S&P 500/BARRA, IVW
-3.26% Small Cap VIPERs, VB
-3.27% Growth 1000 Russell, IWF
-3.28% Bank Regional H, RKH
-3.28% Software, IGV
-3.29% MidCap Russell, IWR
-3.29% Transportation Av DJ, IYT
-3.30% Growth SmallCap VIPERs, VBK
-3.34% Aerospace & Defense, PPA
-3.37% Growth VIPERs, VUG
-3.39% Growth S&P 500, RPG
-3.42% Telecommunications & Wireless, PTE
-3.44% Switzerland Index, EWL
-3.45% Nanotech Lux, PXN
-3.46% Growth SmallCap R 2000, IWO
-3.47% Value VIPERs, VTV
-3.47% Basic Materials DJ US, IYM
-3.48% Value SmallCap VIPERS, VBR
-3.48% LargeCap VIPERs, VV
-3.49% Extended Mkt VIPERs, VXF
-3.50% Growth SmallCap iS M, JKK
-3.51% MidCap VIPERs, VO
-3.54% Lg Cap Growth PSD, PWB
-3.54% LargeCap Blend S&P 100, OEF
-3.58% Growth MidCap Russell, IWP
-3.59% Value 1000 Russell, IWD
-3.60% LargeCap Blend S&P 1500 iS, ISI
-3.62% South Africa Index, EZA
-3.65% Materials VIPERs, VAW
-3.65% Micro Cap Zachs, PZI
-3.67% Growth Small Cap DJ, DSG
-3.68% LargeCap Blend Russell 3000, IWV
-3.70% Consumer Staples VIPERs, VDC
-3.72% SmallCap Russell 2000, IWM
-3.81% S&P 500 iS LargeCap Blend, IVV
-3.82% Natural Resource iS GS, IGE
-3.84% Value SmallCap Russell 2000, IWN
-3.86% Growth BARRA Small Cap 600, IJT
-3.86% Industrial LargeCap Blend DJ US, IYJ
-3.90% Value MidCap Russell, IWS
-3.93% LargeCap Blend NYSE Composite iS, NYC
-3.96% Consumer Cyclical DJ, IYC
-3.97% Financial DJ US, IYF
-3.99% Value S&P 500 B, IVE
-4.00% Commodity Tracking, DBC
-4.01% LargeCap Blend S&P=Weight R, RSP
-4.03% Financials VIPERs, VFH
-4.05% Telecommunications Global, IXP
-4.07% Industrials VIPERs, VIS
-4.15% Growth MidCap S&P 400, RFG
-4.16% Telecom Services VIPERs, VOX
-4.17% Energy VIPERs, VDE
-4.29% Consumer D. VIPERs, VCR
-4.30% Materials SPDR, XLB
-4.31% Value SmallCap S&P 600 B, IJS
-4.33% Value SmallCap S&P 600, RZV
-4.35% Microcap Russell, IWC
-4.37% France Index, EWQ
-4.37% MidCap S&P 400 SPDRs, MDY
-4.42% Consumer Non-Cyclical, IYK
-4.48% Technology Global, IXN
-4.59% Belgium Index, EWK
-4.60% SmallCap S&P 600, IJR
-4.68% Technology SPDR, XLK
-4.73% LargeCap 1000 R, IWB
-4.80% Blend Total Market VIPERs, VTI
-4.83% Energy Global, IXC
-4.86% Europe 100 BLDRS, ADRU
-4.87% Telecom DJ US, IYZ
-4.89% Global 100, IOO
-4.90% Financial Services DJ, IYG
-4.90% Malaysia Index, EWM
-4.94% Europe 350 S&P Index, IEV
-5.00% Consumer Staples SPDR, XLP
-5.05% Netherlands Index, EWN
-5.07% S&P 500 SPDRs LargeCap Blend, SPY
-5.12% Developed 100 BLDRS, ADRD
-5.21% EMU Europe Index, EZU
-5.23% Financials Global LargeCap Value, IXG
-5.31% Growth Large Cap, ELG
-5.57% DIAMONDS (DJIA), DIA
-5.58% Euro STOXX 50, FEZ
-5.63% Spain Index, EWP
-5.68% REIT VIPERs, VNQ
-5.68% Value LargeCap Euro STOXX 50 DJ, FEU
-5.73% Consumer Discretionary SPDR, XLY
-5.76% Industrial SPDR, XLI
-5.77% Ultra QQQ Double, QLD
-5.80% Mexico Index, EWW
-5.89% European VIPERs, VGK
-5.90% Water Resources, PHO
-5.92% Ultra MidCap400 Double, MVV
-6.00% Japan Index, EWJ
-6.07% Oil Services H, OIH
-6.08% Oil & Gas, PXJ
-6.10% United Kingdom Index, EWU
-6.13% Asia 50 BLDRS, ADRA
-6.14% Growth EAFE MSCI, EFG
-6.16% Hong Kong Index, EWH
-6.23% Energy SPDR, XLE
-6.31% Global Titans, DGT
-6.31% Germany Index, EWG
-6.36% Oil, Crude, U.S. Oil Fund, USO
-6.38% Pacific VIPERs, VPL
-6.41% Real Estate US DJ, IYR
-6.46% Realty Cohen & Steers, ICF
-6.47% EAFE Index, EFA
-6.49% Financial SPDR, XLF
-6.53% Austria Index, EWO
-6.54% Capital Markets KWB ST, KCE
-6.62% Sweden Index, EWD
-6.62% Value EAFE MSCI, EFV
-6.91% Metals & Mining SPDR, XME
-6.98% WilderHill Clean Energy PS, PBW
-7.15% Italy Index, EWI
-7.21% Ultra S&P500 Double, SSO
-7.31% REIT Wilshire, RWR
-8.08% China LargeCap Growth G D H USX PS, PGJ
-8.38% Latin Am 40, ILF
-8.54% Pacific ex-Japan, EPP
-8.91% Emerging VIPERs, VWO
-8.97% Brazil Index, EWZ
-9.03% Emerging 50 BLDRS, ADRE
-9.10% Singapore Index, EWS
-9.34% India Earnings WTree, EPI
-9.38% Australia Index, EWA
-9.74% Taiwan Index, EWT
-9.98% China 25 iS, FXI
-10.12% Ultra Dow30 Double, DDM
-10.32% Emerging Markets, EEM
-11.30% South Korea Index, EWY
-16.67% Internet B2B H, BHH