10/30/08

Stock Market: no upside follow through implies that the main trend is still down.

The market remains oversold, but that is not sufficient for a sustainable rally.

Dead-cat bounces may be viewed as selling opportunities when the Primary Tide Trend is Bearish.

Investors focus on capital preservation.

On Wednesday, major stock price indexes opened flat then turned choppy. Stocks were moderately higher before the widely-anticipated Fed interest rate cut at 2:15 p.m. but sold off on the news. Another rally from 2:30 to 3:20 p.m. broke out above the highs of the day. A steep selloff on rising volume from 3:45 to the 4:00 p.m. closing bell knocked the DJIA and S&P down to their lows of the session and below their previous closes. The Standard & Poor’s 500 cash index (930.09) closed down 10.42 points, or 1.11%. Total NYSE volume rose 2%, reflecting the late-day rise in selling pressure.

CATS Sold Short at the Open on Wednesday, 10/29/08. CATS Simulated Cumulative Equity rose to a another new all-time high on Wednesday. From 9/8/08 to 10/29/08, CATS Simulated Cumulative Equity soared by more than 81% to new all-time highs, 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

2.19% , VCR , Consumer D. VIPERs, VCR
14.52% , ACE , ACE
39.44% , MTG , MGIC INVESTMENT
21.00% , OMX , OFFICEMAX INC., OMX
3.55% , PSJ , Software, PSJ
5.56% , PWER , POWER ONE
18.09% , FRE , FREDDIE MAC
7.84% , PKB , Building & Construction, PKB
10.43% , APOL , APOLLO GROUP
2.95% , DGT , Global Titans, DGT
19.68% , CIT , CIT GROUP
3.95% , RPG , Growth S&P 500, RPG
3.97% , PBE , Biotech & Genome, PBE
2.73% , FPX , IPOs, First Tr IPOX-100, FPX
13.92% , FNM , FANNIE MAE
18.16% , MBI , MBIA
3.98% , JKH , MidCap Growth iS M, JKH
11.11% , ODP , OFFICE DEPOT
7.49% , ABK , AMBAC FINL GRP
30.35% , LM , LEGG MASON
8.16% , GM , GENERAL MOTORS
11.22% , LVLT , LEVEL 3 COMMUNICATIONS
16.04% , AN , AUTONATION
1.11% , TTH , Telecom H, TTH
3.89% , RPV , Value S&P 500, RPV
4.17% , PBJ , Food & Beverage, PBJ
10.88% , WY , WEYERHAEUSER
19.01% , CTX , CENTEX
15.50% , DHI , D.R. HORTON, DHI
2.46% , PTE , Telecommunications & Wireless, PTE
1.27% , PWC , LargeCap Blend Dynamic PS, PWC
6.81% , PXJ , Oil & Gas, PXJ
4.91% , RZV , Value SmallCap S&P 600, RZV
6.88% , SLM , SLM CORP
7.42% , DE , DEERE & CO
10.53% , HOG , HARLEY DAVIDSON
11.54% , IGT , INTL GAME TECH
8.04% , FAST , Fastenal Company
2.78% , IJK , Growth MidCap 400 B, IJK
16.03% , LAMR , Lamar Advertising Company

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

-2.56% , VFH , Financials VIPERs, VFH
-22.13% , SEE , SEALED AIR
-7.97% , GLW , CORNING
-8.09% , AET , AETNA
-2.00% , IXJ , Healthcare Global, IXJ
-7.23% , CSC , COMPUTER SCIENCE
-7.73% , WB , WACHOVIA
-1.31% , IWW , Value LargeCap Russell 3000, IWW
-10.79% , CI , CIGNA
-7.69% , Q , QWEST COMMUNICAT
-7.04% , ABC , AMERISOURCEBERGN
-6.51% , MOLX , MOLEX
-7.07% , JBL , JABIL CIRCUIT
-9.07% , FISV , FISERV
-2.46% , XLG , LargeCap Rydex Rus Top 50, XLG
-4.19% , RWR , REIT Wilshire, RWR
-2.00% , PMTC.O , PARAMETRIC
-4.52% , ICF , Realty Cohen & Steers, ICF
-2.89% , JKD , LargeCap Blend Core iS M, JKD
-11.65% , GNW , GENWORTH FINANCIAL (NYSE:GNW)
-3.03% , IYG , Financial Services DJ, IYG
-8.33% , WLP , WELLPOINT HEALTH
-1.13% , PRF , Value LargeCap Fundamental RAFI 1000, PRF
-3.87% , XLK , Technology SPDR, XLK
-4.94% , VC , VISTEON
-10.75% , MCK , MCKESSON CORP
-9.91% , CMCSA , COMCAST HOLDINGS STK A
-6.51% , MOT , MOTOROLA
-1.20% , IYK , Consumer Non-Cyclical, IYK
-5.03% , UNH , UNITEDHEALTH GRP
-4.47% , RKH , Bank Regional H, RKH
-2.21% , ACS , AFFILIATED COMPUTER
-3.21% , MYY , Short 100% MidCap 400, MYY
-7.36% , MWV , MEADWESTVACO
-2.66% , OEF , LargeCap Blend S&P 100, OEF
-7.00% , TER , TERADYNE
-1.94% , XLP , Consumer Staples SPDR, XLP
-1.25% , CBS , CBS CORP.
-7.76% , DELL , DELL
-8.45% , HBAN , HUNTINGTON

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

4.11% Materials SPDR, XLB
2.21% Energy SPDR, XLE
2.05% Consumer Discretionary SPDR, XLY
0.43% Industrial SPDR, XLI
-0.69% Health Care SPDR, XLV
-1.94% Consumer Staples SPDR, XLP
-3.20% Utilities SPDR, XLU
-3.87% Technology SPDR, XLK
-6.16% 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 a new 5-year low.

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

Industrial (XLI) Bearish, Underweight. On 10/24/08, the XLI absolute price fell to a new 5-year low.

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

Materials (XLB) Bearish, Underweight. On 10/27/08, the XLB absolute price fell to a new 5-year 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 5-year low on 10/27/08 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 broke out above the highs of the previous 2 trading days. On 10/27/08, oil fell to a new low of 61.30 intraday. The short-term trend now appears uncertain, while the intermediate-term trend remains 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 has underperformed Crude Oil since 5/30/07.

Gold futures contract price rose modestly but the upmove looks doubtful. Gold appears uncertain at best for the short-term. Gold 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 broke down below the lows of the previous 4 trading days. Bonds appear Bearish for the short term and uncertain for 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 broke down below the lows of the previous 5 trading days. The short-term trend now appears uncertain. The dollar just made a new 24-month high on 10/27/08, so the longer-term trend is still Bullish.

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 23.1% Bulls versus 52.9% Bears as of 10/29/2008, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 0.44, up from 0.41 the previous week. This is still 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 69.96, rose modestly but remains below its 18-year high of 80.06, set on 10/27/08. 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 69.13, rose modestly but remains below its 7-year high of 79.16 set on 10/27/08. 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 0.65, 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 0.96, 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 10/27/08, 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 signaled 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 10/27/08, 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 (930.09):

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
1238.807, Fibonacci 78.6% of 1,576.09 high
1,220.03, high of 9/25/2008
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008
985.44, high of 10/20/2008
974.02, Fibonacci 61.8% of 1,576.09 high
970.50, Gann 75.0% of 2002-2007 upmove
969.97, high of 10/29/2008
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 (930.09):

Potential Support
839.80, low of 10/10/2008
788.05, Fibonacci 50.0% of 1,576.09 high
768.63, low of 10/10/2002
602.07, Fibonacci 38.2% of 1,576.09 high

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

12.19% Internet B2B H, BHH
10.06% Dividend Growth PS, PHJ
9.60% Europe 100 BLDRS, ADRU
8.94% Hardware & Electronics, PHW
8.31% Metals & Mining SPDR, XME
7.84% Building & Construction, PKB
7.34% Leisure & Entertainment, PEJ
6.98% Oil Services H, OIH
6.97% Growth SmallCap Dynamic PS, PWT
6.85% Silver Trust iS, SLV
6.81% Oil & Gas, PXJ
6.71% Growth SmallCap iS M, JKK
6.41% Networking, PXQ
6.23% Internet Architecture H, IAH
5.94% Developed 100 BLDRS, ADRD
5.93% Brazil Index, EWZ
5.90% Commodity Tracking, DBC
5.77% Energy Exploration & Prod, PXE
5.68% Retail, PMR
5.47% Canada Index, EWC
5.27% SmallCap PS Zacks, PZJ
5.12% Latin Am 40, ILF
5.06% Value MidCap S&P 400, RFV
4.91% Value SmallCap S&P 600, RZV
4.78% Energy Global, IXC
4.63% Basic Materials DJ US, IYM
4.62% Oil, Crude, U.S. Oil Fund, USO
4.17% Food & Beverage, PBJ
4.13% Value MidCap iS M, JKI
4.12% Natural Resource iS GS, IGE
4.11% Materials SPDR, XLB
4.06% Materials VIPERs, VAW
4.00% Homebuilders SPDR, XHB
3.98% MidCap Growth iS M, JKH
3.97% Biotech & Genome, PBE
3.95% Growth S&P 500, RPG
3.89% Value S&P 500, RPV
3.85% Nanotech Lux, PXN
3.83% Value SmallCap Dynamic PS, PWY
3.77% Short 200% S&P 500 PS, SDS
3.72% Netherlands Index, EWN
3.68% Dividend International, PID
3.66% Ultra MidCap400 Double, MVV
3.58% Wilshire 5000 ST TM, TMW
3.56% Growth MidCap S&P 400, RFG
3.55% Software, PSJ
3.50% Switzerland Index, EWL
3.46% Value SmallCap iS M, JKL
3.43% Value EAFE MSCI, EFV
3.43% Value 40 Large Low P/E FT DB, FDV
3.39% Insurance, PIC
3.35% Value Small Cap DJ, DSV
3.33% China LargeCap Growth G D H USX PS, PGJ
3.26% Spain Index, EWP
3.23% Mexico Index, EWW
3.21% Value Line Timeliness MidCap Gr, PIV
3.14% Short 200% Dow 30 PS, DXD
3.10% Belgium Index, EWK
3.09% SmallCap Core iS M, JKJ
3.05% Value Large Cap DJ, ELV
2.97% Growth Small Cap DJ, DSG
2.95% Global Titans, DGT
2.94% Water Resources, PHO
2.92% European VIPERs, VGK
2.85% Dividend Achievers PS, PFM
2.78% Growth MidCap 400 B, IJK
2.73% IPOs, First Tr IPOX-100, FPX
2.62% Value LargeCap Euro STOXX 50 DJ, FEU
2.61% Energy VIPERs, VDE
2.57% Italy Index, EWI
2.53% Internet Infrastructure H, IIH
2.53% Financials Global LargeCap Value, IXG
2.50% France Index, EWQ
2.46% Telecommunications & Wireless, PTE
2.42% Biotech SPDR, XBI
2.37% Growth SmallCap VIPERs, VBK
2.37% Growth MidCap Russell, IWP
2.34% Semiconductor SPDR, XSD
2.33% Dividend High Yield Equity PS, PEY
2.29% Extended Mkt VIPERs, VXF
2.21% Growth SmallCap R 2000, IWO
2.21% Energy SPDR, XLE
2.19% Consumer D. VIPERs, VCR
2.17% OTC Dynamic PS, PWO
2.09% South Africa Index, EZA
2.05% Consumer Discretionary SPDR, XLY
2.03% SmallCap S&P 600, IJR
2.00% Sweden Index, EWD
1.97% WilderHill Clean Energy PS, PBW
1.96% Small Cap VIPERs, VB
1.95% Micro Cap Zachs, PZI
1.94% Value SmallCap S&P 600 B, IJS
1.90% Bond, Aggregate, AGG
1.88% LargeCap Blend Socially Responsible iS, KLD
1.79% Growth BARRA Small Cap 600, IJT
1.78% Energy DJ, IYE
1.72% Broadband H, BDH
1.69% Asia 50 BLDRS, ADRA
1.69% Bond, Corp, LQD
1.61% Software H, SWH
1.60% Aerospace & Defense, PPA
1.60% Growth LargeCap NASDAQ Fidelity, ONEQ
1.57% Short 100% Dow 30, DOG
1.50% Transportation Av DJ, IYT
1.49% Growth Mid Cap Dynamic PS, PWJ
1.48% Europe 350 S&P Index, IEV
1.31% Austria Index, EWO
1.30% Value SmallCap VIPERS, VBR
1.29% MidCap Blend Core iS M, JKG
1.27% LargeCap Blend Dynamic PS, PWC
1.22% Telecommunications Global, IXP
1.22% Lg Cap Growth PSD, PWB
1.18% United Kingdom Index, EWU
1.16% Value MidCap Dynamic PS, PWP
1.15% Euro STOXX 50, FEZ
1.13% Emerging 50 BLDRS, ADRE
1.11% Telecom H, TTH
1.08% Ultra QQQ Double, QLD
1.05% MidCap Russell, IWR
1.03% Value SmallCap Russell 2000, IWN
1.01% Growth LargeCap iS M, JKE
1.00% Semiconductors, PSI
0.99% Short 100% S&P 500, SH
0.96% Growth Large Cap, ELG
0.93% Biotech H, BBH
0.90% Industrials VIPERs, VIS
0.75% MidCap S&P 400 iS, IJH
0.74% EMU Europe Index, EZU
0.73% Value MidCap S&P 400 B, IJJ
0.72% Utilities, PUI
0.71% Networking, IGN
0.66% Bond, TIPS, TIP
0.65% Industrial LargeCap Blend DJ US, IYJ
0.59% LargeCap Blend NYSE Composite iS, NYC
0.53% MidCap VIPERs, VO
0.52% SmallCap Russell 2000, IWM
0.43% Industrial SPDR, XLI
0.28% Gold Shares S.T., GLD
0.28% Technology MS sT, MTK
0.27% Pharmaceuticals, PJP
0.24% Growth LargeCap Russell 3000, IWZ
0.23% EAFE Index, EFA
0.21% MidCap S&P 400 SPDRs, MDY
0.18% Capital Markets KWB ST, KCE
0.15% Bond, 10 Year Treasury, IEF
0.12% Global 100, IOO
0.06% Bond, 1-3 Year Treasury, SHY
-0.05% Retail H, RTH
-0.10% Value LargeCap iS M, JKF
-0.14% Value MidCap Russell, IWS
-0.21% Software, IGV
-0.21% Short 100% QQQ, PSQ
-0.21% Info Tech VIPERs, VGT
-0.25% Growth LargeCap NASDAQ 100, QQQQ
-0.29% Consumer Cyclical DJ, IYC
-0.32% Pacific ex-Japan, EPP
-0.33% Telecom Services VIPERs, VOX
-0.35% Australia Index, EWA
-0.37% Growth 1000 Russell, IWF
-0.39% LargeCap Blend S&P=Weight R, RSP
-0.39% Growth EAFE MSCI, EFG
-0.42% Growth VIPERs, VUG
-0.44% Microcap Russell, IWC
-0.46% Short 200% MidCap 400 PS, MZZ
-0.49% Japan LargeCap Blend TOPIX 150, ITF
-0.50% Bond, 20+ Years Treasury, TLT
-0.57% Pacific VIPERs, VPL
-0.65% Value LargeCap NYSE 100 iS, NY
-0.69% Dividend DJ Select, DVY
-0.69% Health Care SPDR, XLV
-0.69% LargeCap Blend Russell 3000, IWV
-0.73% S&P 500 SPDRs LargeCap Blend, SPY
-0.75% Growth S&P 500/BARRA, IVW
-0.99% LargeCap 1000 R, IWB
-1.00% Emerging VIPERs, VWO
-1.00% Blend Total Market VIPERs, VTI
-1.04% Technology GS, IGM
-1.05% LargeCap Blend S&P 1500 iS, ISI
-1.13% Value LargeCap Fundamental RAFI 1000, PRF
-1.15% LargeCap Blend Total Market DJ, IYY
-1.18% Healthcare DJ, IYH
-1.20% Consumer Non-Cyclical, IYK
-1.21% India Earnings WTree, EPI
-1.23% Short 200% QQQ PS, QID
-1.31% Value LargeCap Russell 3000, IWW
-1.31% Dividend Appreciation Vipers, VIG
-1.33% LargeCap VIPERs, VV
-1.40% Technology DJ US, IYW
-1.49% Utilities DJ, IDU
-1.56% Technology Global, IXN
-1.57% Dividend SPDR, SDY
-1.65% Semiconductor iS GS, IGW
-1.81% Dividend Leaders, FDL
-1.94% Consumer Staples SPDR, XLP
-2.00% Healthcare Global, IXJ
-2.02% S&P 500 iS LargeCap Blend, IVV
-2.05% Telecom DJ US, IYZ
-2.08% Value VIPERs, VTV
-2.13% Consumer Staples VIPERs, VDC
-2.15% Internet H, HHH
-2.16% Utilities VIPERs, VPU
-2.18% DIAMONDS (DJIA), DIA
-2.19% Health Care VIPERs, VHT
-2.29% Japan Index, EWJ
-2.31% Value S&P 500 B, IVE
-2.39% Value LargeCap Dynamic PS, PWV
-2.45% Ultra S&P500 Double, SSO
-2.46% LargeCap Rydex Rus Top 50, XLG
-2.55% Value 1000 Russell, IWD
-2.56% Financials VIPERs, VFH
-2.66% Financial DJ US, IYF
-2.66% LargeCap Blend S&P 100, OEF
-2.69% Ultra Dow30 Double, DDM
-2.69% Utilities H, UTH
-2.89% LargeCap Blend Core iS M, JKD
-2.89% South Korea Index, EWY
-2.96% Germany Index, EWG
-2.96% Pharmaceutical H, PPH
-3.03% Financial Services DJ, IYG
-3.17% Emerging Markets, EEM
-3.20% Utilities SPDR, XLU
-3.21% Short 100% MidCap 400, MYY
-3.34% Hong Kong Index, EWH
-3.44% Malaysia Index, EWM
-3.52% China 25 iS, FXI
-3.54% REIT VIPERs, VNQ
-3.87% Technology SPDR, XLK
-3.97% Real Estate US DJ, IYR
-4.19% REIT Wilshire, RWR
-4.47% Bank Regional H, RKH
-4.52% Realty Cohen & Steers, ICF
-4.60% Semiconductor H, SMH
-5.11% Taiwan Index, EWT
-5.54% Singapore Index, EWS
-6.16% Financial SPDR, XL F