10/31/08
Stock Market: rally attempts losing steam. Hanging Man, loss of momentum, on lower volume.
The hanging man’s small real body implies the previous uptrend is losing momentum.
Rising prices on lower volume suggest diminishing buying power.
Dead-cat bounces may be viewed as selling opportunities when the Primary Tide Trend is Bearish.
Investors focus on capital preservation.
On Thursday, major stock price indexes opened substantially higher but turned down after the first 20 minutes. Stocks gave up all their gains but halted their decline just before noon. For the next 3.5 hours, stocks struggled to recover their early gains in a choppy fashion. A wave of buying in final 15 minutes carried stocks back to their highs of the session. Prices closed moderately above the open. It was an indecisive Inside Day of consolidation, characterized by a lower high and a higher low, compared to Wednesday’s action. The Standard & Poor’s 500 cash index (954.09) closed up 24.00 points, or 2.58%. Total NYSE volume fell 13%, calling into question the late-day upside price recovery.
Thursday’s action was also a Hanging Man, in Japanese Candlestick Chart pattern interpretation. The Hanging Man is a bearish reversal pattern characterized by a small real body (white or black) at or near the high. It has little or no upper shadow. The color of the real body is not critical. Also, it has a long lower shadow, like legs dangling down from the real body. The Hanging Man’s small real body implies the previous uptrend is losing momentum. The next period’s action would confirm the bearish implications of the hanging man if there is a downward window (gap) or a long black candle.
CATS remains Short. 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
46.07% , OMX , OFFICEMAX INC., OMX
4.63% , VXF , Extended Mkt VIPERs, VXF
2.99% , IOO , Global 100, IOO
13.33% , PDCO , Patterson Dental Company
7.08% , PWB , Lg Cap Growth PSD, PWB
3.84% , VAW , Materials VIPERs, VAW
4.04% , VO , MidCap VIPERs, VO
15.56% , THC , TENET HEALTHCARE
4.29% , IXG , Financials Global LargeCap Value, IXG
17.03% , VIA.B , VIACOM STK B
14.14% , NWS.A , NEWS CORP STK A
8.15% , CIEN.O , CIENA
6.67% , ADRA , Asia 50 BLDRS, ADRA
3.04% , EWO , Austria Index, EWO
48.57% , ODP , OFFICE DEPOT
4.15% , IWZ , Growth LargeCap Russell 3000, IWZ
3.36% , PIV , Value Line Timeliness MidCap Gr, PIV
1.82% , PEJ , Leisure & Entertainment, PEJ
12.86% , FMCN , Focus Media, FMCN
1.59% , PUI , Utilities, PUI
7.75% , ISIL , INTERSIL CORP
3.59% , IWV , LargeCap Blend Russell 3000, IWV
9.04% , EMC , EMC
7.24% , NOVL , NOVELL
2.70% , RFV , Value MidCap S&P 400, RFV
16.99% , AW , ALLIED WASTE IND
6.24% , BMC , BMC SOFTWARE
19.46% , AMD , ADV MICRO DEV
14.05% , FXI , China 25 iS, FXI
10.14% , ADRE , Emerging 50 BLDRS, ADRE
3.53% , PPA , Aerospace & Defense, PPA
6.21% , VDE , Energy VIPERs, VDE
3.70% , IYC , Consumer Cyclical DJ, IYC
6.04% , RX , IMS HEALTH
1.80% , RFG , Growth MidCap S&P 400, RFG
4.59% , NSM , NATL SEMICONDUCT
7.19% , UPS , UNITED PARCEL STK B
4.94% , VPU , Utilities VIPERs, VPU
12.67% , XL , XL CAPITAL STK A
8.23% , INTC , INTEL
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-51.56% , HIG , HARTFORD FINL
-15.37% , AVP , AVON
-18.10% , PRU , PRUDENTIAL FINL
-21.51% , CI , CIGNA
-17.65% , SYMC , SYMANTEC
-10.06% , TE , TECO ENERGY
-18.86% , MTG , MGIC INVESTMENT
-12.80% , AMP , Ameriprise Financial Inc.
-5.37% , CTL , CENTURYTEL
-7.84% , EK , EASTMAN KODAK
-4.27% , ASH , ASHLAND
-9.77% , MZZ , Short 200% MidCap 400 PS, MZZ
-4.03% , CECO , CAREER EDUCATION CORP
-6.95% , IFF , INTL FLAV & FRAG
-5.73% , URBN , Urban Outfitters Inc.
-3.91% , BIIB , BIOGEN IDEC
-3.60% , PFG , PRINCIPAL FINL
-1.98% , HAS , HASBRO
-2.40% , HUM , HUMANA
-3.36% , UNM , UNUMPROVIDENT
-2.15% , NWL , NEWELL RUBBER
-13.61% , LNC , LINCOLN NATL
-5.31% , MOT , MOTOROLA
-0.77% , IEF , Bond, 10 Year Treasury, IEF
-6.71% , GS , GOLDMAN SACHS
-3.13% , MAT , MATTEL
-5.70% , DDS , DILLARD STK A
-2.65% , PTV , PACTIV
-1.25% , PIC , Insurance, PIC
-1.57% , ADSK , AUTODESK
-0.09% , PXQ , Networking, PXQ
-0.87% , CAG , CONAGRA FOODS
-1.83% , ROST , Ross Stores Inc
-0.28% , JKI , Value MidCap iS M, JKI
-4.42% , IP , INTL PAPER
-2.27% , IAU , Gold COMEX iS, IAU
-1.80% , ELV , Value Large Cap DJ, ELV
-0.94% , WFMI , Whole Foods Market Inc
-0.56% , TIP , Bond, TIPS, TIP
-0.91% , EMR , EMERSON ELECTRIC
Sectors: among the 9 major U.S. sectors, all 9 rose.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
5.58% Utilities SPDR, XLU
4.61% Energy SPDR, XLE
4.21% Consumer Staples SPDR, XLP
3.72% Technology SPDR, XLK
3.61% Industrial SPDR, XLI
3.49% Financial SPDR, XLF
3.14% Materials SPDR, XLB
3.03% Consumer Discretionary SPDR, XLY
2.35% Health Care SPDR, XLV
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.
Energy (XLE) Bearish, Underweight. On 10/10/08, the XLE absolute price hit another new 18-month intraday low.
Industrial (XLI) Bearish, Underweight. On 10/24/08, the XLI absolute price fell to a new 5-year 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 reversed to the downside. On 10/27/08, oil fell to a new low of 61.30 intraday. The short-term trend now appears to be turning down again, 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 reversed to the downside with a Bearish Outside Day Reversal (higher high, lower low, and weak close). Gold appears Bearish 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 6 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 6 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 62.90, fell further 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 63.19, fell further 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 0.69, 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 (954.09):
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
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 (954.09):
Potential Support
941.43, Fibonacci 78.6% of 2002-2007 upmove
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
22.07% South Korea Index, EWY
14.05% China 25 iS, FXI
13.50% Emerging Markets, EEM
10.25% Emerging VIPERs, VWO
10.14% Emerging 50 BLDRS, ADRE
9.90% Brazil Index, EWZ
9.83% Oil & Gas, PXJ
9.49% Taiwan Index, EWT
9.02% Singapore Index, EWS
8.99% India Earnings WTree, EPI
8.95% Ultra MidCap400 Double, MVV
8.43% Hong Kong Index, EWH
8.14% China LargeCap Growth G D H USX PS, PGJ
7.98% Oil Services H, OIH
7.74% WilderHill Clean Energy PS, PBW
7.50% Sweden Index, EWD
7.39% Latin Am 40, ILF
7.38% Mexico Index, EWW
7.08% Lg Cap Growth PSD, PWB
6.79% MidCap S&P 400 SPDRs, MDY
6.74% Energy Exploration & Prod, PXE
6.67% Asia 50 BLDRS, ADRA
6.59% Water Resources, PHO
6.53% Natural Resource iS GS, IGE
6.53% Growth Mid Cap Dynamic PS, PWJ
6.21% Energy VIPERs, VDE
6.20% Australia Index, EWA
6.19% Micro Cap Zachs, PZI
6.18% Canada Index, EWC
6.12% United Kingdom Index, EWU
5.82% Pacific VIPERs, VPL
5.79% Malaysia Index, EWM
5.65% Semiconductor H, SMH
5.61% SmallCap Russell 2000, IWM
5.58% Utilities SPDR, XLU
5.54% Energy DJ, IYE
5.39% Value SmallCap Russell 2000, IWN
5.38% Japan Index, EWJ
5.35% Growth SmallCap R 2000, IWO
5.35% REIT VIPERs, VNQ
5.22% REIT Wilshire, RWR
5.22% Ultra Dow30 Double, DDM
5.20% Ultra QQQ Double, QLD
5.12% Value SmallCap S&P 600, RZV
5.09% Pacific ex-Japan, EPP
5.09% Growth SmallCap VIPERs, VBK
5.02% MidCap S&P 400 iS, IJH
4.98% Value LargeCap Dynamic PS, PWV
4.98% Utilities H, UTH
4.94% Utilities VIPERs, VPU
4.88% Microcap Russell, IWC
4.85% Real Estate US DJ, IYR
4.75% Growth BARRA Small Cap 600, IJT
4.74% Semiconductor SPDR, XSD
4.73% Small Cap VIPERs, VB
4.72% Growth Small Cap DJ, DSG
4.68% Ultra S&P500 Double, SSO
4.64% Growth MidCap Russell, IWP
4.64% South Africa Index, EZA
4.63% Extended Mkt VIPERs, VXF
4.63% Value SmallCap S&P 600 B, IJS
4.62% Italy Index, EWI
4.61% Energy SPDR, XLE
4.49% Japan LargeCap Blend TOPIX 150, ITF
4.46% Capital Markets KWB ST, KCE
4.44% SmallCap S&P 600, IJR
4.42% Utilities DJ, IDU
4.39% Value MidCap S&P 400 B, IJJ
4.37% Value Small Cap DJ, DSV
4.37% Value SmallCap VIPERS, VBR
4.36% Technology Global, IXN
4.34% Semiconductor iS GS, IGW
4.29% Financials Global LargeCap Value, IXG
4.21% Consumer Staples SPDR, XLP
4.15% Growth LargeCap Russell 3000, IWZ
4.15% LargeCap Blend NYSE Composite iS, NYC
4.12% Growth VIPERs, VUG
4.10% Realty Cohen & Steers, ICF
4.06% MidCap Growth iS M, JKH
4.04% MidCap VIPERs, VO
4.03% Value 40 Large Low P/E FT DB, FDV
4.01% Growth MidCap 400 B, IJK
3.98% Value MidCap Russell, IWS
3.85% Value LargeCap NYSE 100 iS, NY
3.84% Materials VIPERs, VAW
3.76% DIAMONDS (DJIA), DIA
3.75% LargeCap Blend S&P 1500 iS, ISI
3.74% Industrials VIPERs, VIS
3.73% Metals & Mining SPDR, XME
3.73% Pharmaceuticals, PJP
3.72% Value MidCap Dynamic PS, PWP
3.72% Technology SPDR, XLK
3.71% Value EAFE MSCI, EFV
3.70% Consumer Cyclical DJ, IYC
3.69% Growth Large Cap, ELG
3.68% Value SmallCap Dynamic PS, PWY
3.68% LargeCap Blend Total Market DJ, IYY
3.66% S&P 500 iS LargeCap Blend, IVV
3.63% LargeCap VIPERs, VV
3.61% Industrial SPDR, XLI
3.61% Growth 1000 Russell, IWF
3.59% LargeCap Blend Russell 3000, IWV
3.58% MidCap Russell, IWR
3.58% Biotech SPDR, XBI
3.53% Value S&P 500 B, IVE
3.53% Aerospace & Defense, PPA
3.51% EAFE Index, EFA
3.49% Financial SPDR, XLF
3.49% Consumer Non-Cyclical, IYK
3.47% LargeCap 1000 R, IWB
3.46% S&P 500 SPDRs LargeCap Blend, SPY
3.45% Value LargeCap Russell 3000, IWW
3.43% Spain Index, EWP
3.41% Growth S&P 500/BARRA, IVW
3.38% Energy Global, IXC
3.38% Blend Total Market VIPERs, VTI
3.37% Consumer Staples VIPERs, VDC
3.36% Value Line Timeliness MidCap Gr, PIV
3.34% Growth LargeCap NASDAQ 100, QQQQ
3.33% Biotech & Genome, PBE
3.33% Growth LargeCap iS M, JKE
3.33% Industrial LargeCap Blend DJ US, IYJ
3.31% Basic Materials DJ US, IYM
3.30% Transportation Av DJ, IYT
3.29% LargeCap Blend S&P=Weight R, RSP
3.27% Telecom DJ US, IYZ
3.23% Belgium Index, EWK
3.21% LargeCap Blend S&P 100, OEF
3.18% Value 1000 Russell, IWD
3.15% Telecom Services VIPERs, VOX
3.14% IPOs, First Tr IPOX-100, FPX
3.14% Growth SmallCap Dynamic PS, PWT
3.14% Materials SPDR, XLB
3.13% Technology DJ US, IYW
3.11% Growth S&P 500, RPG
3.10% Growth EAFE MSCI, EFG
3.06% LargeCap Rydex Rus Top 50, XLG
3.04% Value LargeCap Fundamental RAFI 1000, PRF
3.04% Austria Index, EWO
3.03% Consumer Discretionary SPDR, XLY
3.00% Value SmallCap iS M, JKL
2.99% Global 100, IOO
2.90% SmallCap Core iS M, JKJ
2.90% LargeCap Blend Core iS M, JKD
2.89% Europe 350 S&P Index, IEV
2.85% Homebuilders SPDR, XHB
2.82% Technology MS sT, MTK
2.81% OTC Dynamic PS, PWO
2.80% Developed 100 BLDRS, ADRD
2.75% Dividend Appreciation Vipers, VIG
2.74% Dividend DJ Select, DVY
2.73% Health Care VIPERs, VHT
2.72% Technology GS, IGM
2.71% EMU Europe Index, EZU
2.70% Value MidCap S&P 400, RFV
2.63% Value VIPERs, VTV
2.61% Financial Services DJ, IYG
2.60% LargeCap Blend Dynamic PS, PWC
2.56% Telecommunications Global, IXP
2.51% Biotech H, BBH
2.49% Financial DJ US, IYF
2.49% Financials VIPERs, VFH
2.45% Building & Construction, PKB
2.43% Germany Index, EWG
2.39% Dividend High Yield Equity PS, PEY
2.37% Healthcare Global, IXJ
2.35% Health Care SPDR, XLV
2.30% Consumer D. VIPERs, VCR
2.27% Dividend International, PID
2.20% Value LargeCap Euro STOXX 50 DJ, FEU
2.19% Dividend SPDR, SDY
2.16% European VIPERs, VGK
2.12% Networking, IGN
2.12% MidCap Blend Core iS M, JKG
2.11% Healthcare DJ, IYH
2.10% Internet H, HHH
2.09% Dividend Achievers PS, PFM
2.08% Info Tech VIPERs, VGT
1.93% Euro STOXX 50, FEZ
1.92% Pharmaceutical H, PPH
1.82% Leisure & Entertainment, PEJ
1.80% Growth MidCap S&P 400, RFG
1.78% SmallCap PS Zacks, PZJ
1.59% Utilities, PUI
1.55% Retail H, RTH
1.55% Bank Regional H, RKH
1.52% Value LargeCap iS M, JKF
1.44% France Index, EWQ
1.39% Value S&P 500, RPV
1.38% Food & Beverage, PBJ
1.38% LargeCap Blend Socially Responsible iS, KLD
1.27% Internet Architecture H, IAH
1.25% Growth LargeCap NASDAQ Fidelity, ONEQ
1.11% Retail, PMR
0.99% Semiconductors, PSI
0.99% Dividend Leaders, FDL
0.97% Netherlands Index, EWN
0.83% Hardware & Electronics, PHW
0.76% Software, PSJ
0.63% Internet B2B H, BHH
0.56% Software H, SWH
0.53% Software, IGV
0.49% Internet Infrastructure H, IIH
0.42% Growth SmallCap iS M, JKK
0.18% Telecommunications & Wireless, PTE
0.10% Silver Trust iS, SLV
0.08% Bond, 1-3 Year Treasury, SHY
-0.02% Global Titans, DGT
-0.09% Networking, PXQ
-0.12% Bond, Aggregate, AGG
-0.17% Europe 100 BLDRS, ADRU
-0.28% Value MidCap iS M, JKI
-0.44% Switzerland Index, EWL
-0.56% Bond, TIPS, TIP
-0.66% Nanotech Lux, PXN
-0.74% Bond, Corp, LQD
-0.77% Bond, 10 Year Treasury, IEF
-0.91% Bond, 20+ Years Treasury, TLT
-0.91% Wilshire 5000 ST TM, TMW
-1.06% Broadband H, BDH
-1.12% Dividend Growth PS, PHJ
-1.25% Insurance, PIC
-1.74% Gold Shares S.T., GLD
-1.80% Value Large Cap DJ, ELV
-2.12% Telecom H, TTH
-2.61% Short 100% S&P 500, SH
-2.67% Short 100% QQQ, PSQ
-2.86% Short 100% MidCap 400, MYY
-2.91% Short 100% Dow 30, DOG
-3.02% Oil, Crude, U.S. Oil Fund, USO
-4.12% Commodity Tracking, DBC
-5.24% Short 200% QQQ PS, QID
-6.38% Short 200% Dow 30 PS, DXD
-6.84% Short 200% S&P 500 PS, SDS
-9.77% Short 200 % MidCap 400 PS, MZZ
