Materials Stock Sector Relative Strength Ratio (XLB/SPY) whipsawed back down below its 50-day SMA on 10/25/12, thereby turning systematically bearish again.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) fell below its lows of the previous 7 weeks, confirming its preexisting bearish trend. “Dr. Copper” is one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, and so this bearish signal may be taken as a warning about economic conditions ahead.

The S&P 500 (SPX: 1,412.97) rose 0.30% on Thursday. SPX closed below its 50-day SMA for 5th consecutive trading day. SPX also fell below its lows of the previous 7 weeks in the morning, before a modest afternoon recovery.

NYSE trading volume rose 2% to a level 6% below the 200-day SMA.

The SPX clearly shows lower highs and lower lows since its peak at 1474.51 set on 9/14/12 (the day after the Fed’s QE3 generous gift to banks). That is the definition of a downtrend. Each rally attempt has been weaker than the previous one, and each decline has been weaker than the than the previous one. Failed rally attempts and lower lows may lead the bullish majority to question their assumptions.
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The technical condition of the stock market does not support the months-long excessive optimism of the bullish majority of stock investors and traders. Fed and ECB plans to buy bonds in unlimited quantities (with fiat currencies printed out of thin air and backed by nothing but a theory and a hope) do not guarantee that stock prices will continue to rise, especially now that the news is out. Typically, action is followed by reaction, and so a downside correction seems overdue. Choosing safety over risk still appears to be the most reasonable approach for conservative traders and investors.
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*For extensive coverage of major global markets with illustrative charts, take a free trial for my weekly report —
click here.
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Hedge funds and equity mutual funds both lost money last year, 2011, and some are down again this year as well.

Meanwhile, one money manager made gains for 6 consecutive quarters; see:
Robert W. Colby Asset Management, Inc. (click here).

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Stock Market Indicators

The Dow Theory signaled a Primary Tide Bear Market on 5/17/12 when both Industrials and Transports closed below their closing price lows of the previous 4 months, including the critical lows of March and April, 2012. The Dow-Jones Industrial Average rose above its closing price highs of the previous 4-years on 10/5/12, but the Dow-Jones Transportation Average remains relatively weak, substantially below its 2012 high, thereby demonstrating non confirmation and bearish divergence.

NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) fell below its lows of the previous 9 months on 10/19/12, thereby confirming a downside correction. QQQ/SPY fell below its 50-day SMA on 9/28/12, thereby turning systematically neutral again. QQQ/SPY fell below its 200-day SMA on 10/8/12. The QQQ/SPY 50-day SMA has remained above the 200-day SMA since 8/5/11.

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) turned systematically neutral on 9/13/12, when it rose above its 50-day SMA. BKF/SPY remains below its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA every day since 1/13/11.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) turned systematically neutral on 9/13/12, when it rose above its 50-day SMA. EEM/SPY has been whipsawing around its 200-day SMA. The 50-day SMA has remained below the 200-day SMA every day since 2/3/11.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) turned systematically neutral again on 10/10/12, when it whipsawed back up above its 50-day SMA. EFA/SPY crossed below its 200-day SMA on 10/23/12. The 50-day SMA has remained below the 200-day SMA every day since 1/14/11. EFA/SPY has been trending down for nearly 5 years, since 11/27/2007, and there is no convincing evidence of any significant change in that major long-term downtrend.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) turned systematically neutral again on 10/11/12, when it fell below its 50-day SMA. OEF/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA consistently every day since 8/24/11. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size. On the other side of the coin, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors prefer riskier and more volatile stocks.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) whipsawed back down below its 50-day SMA on 10/12/12, thereby turning systematically bearish again. IWM/SPY fell below its 200-day SMA on 9/24/12, and its 50-day SMA has remained below its 200-day SMA consistently every day since 4/20/12.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) whipsawed back up above its 50-day SMA on 10/23/12, thereby turning systematically neutral again. MDY/SPY remains below its 200-day SMA, and its 50-day SMA has been below its 200-day SMA since 6/6/12.
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Sentiment for Contrary Thinking

Investor sentiment data recently indicated alarming degrees of optimism and bullish complacency as the stock price indexes rose above their 2012 market highs. Elevated levels of optimism are bearish because when the majority is extremely bullish, investors are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout. The pendulum of emotion tends to swing too far in one direction, but market mood always reverts to the mean, as it did during the -10% April-June 2012 downside price correction for the stock market.

The CFTC’s Commitments of Traders report for stock indexes shows smart professionals selling heavily to dumb speculators. Large commercial hedging firms enjoy an enormous inside informational advantage over speculators, who are usually wrong at major market turning points, according to Steve Briese, bullishreview.com. The current maximum bearish reading indicates that a major top is brewing and next move should be down big, possibly to SPX 1074.77, the low of 10/4/2011.

Large speculators hold a record net-long position in futures and options contracts on the NASDAQ 100, according to the CFTC’s Commitment of Traders report. Large Speculators, which are mainly hedge funds, are trend-followers, and their aggregate position usually becomes extreme near market reversals.

SentimentTrader.com notes that 67% of the “dumb money” is bullish, compared to 29% of the “smart money”. At such readings in the past, the stock market suffered a 3% to 8% downside correction spread out over a few weeks.

Market Vane’s Bullish Consensus survey shows extreme optimism. The percentage of stock market bulls surged to 70%, the highest since June 2007.

AAII Sentiment shows that individual investors were recently extremely bullish. As of 8/23/12, there were 41.96% Bulls and 25.87% Bears. This was the most extreme optimism since 3/29/12, a few days before the SPX high close on 4/2/2012 and the beginning of a 10% downside correction.

Investors Intelligence Sentiment confirmed that stock market newsletter advisors were recently extremely bullish. As of 9/19/12, there were 54.2% Bulls and 24.5% Bears. That was the highest percentage of Bulls since 2/15/12 and the second highest since 54.9% Bulls on 5/4/11, just 2 days after the SPX peak for 2011 and the beginning of a 22% downside correction.

Hulbert Stock Newsletter Sentiment Index showed that the average recommended equity exposure among a subset of the shortest-term stock market timers jumped to 53.1% in August, up from previous peaks at 47.0% in July and 42.1% in May. “Watch out for a correction — or worse. The odds of a stock market correction are now quite elevated,” according to Mark Hulbert.

Corporate insiders are extremely bearish. Insiders sold 5.97 shares for each share bought in September–up from 1.6-to-1 in May 2012, up from a low of 1.04-to-1 in October 2011, and up from a long-term average of 2.25-to-1. For Nasdaq-listed stocks, insiders sold 6.17 shares for each share bought. This data is compiled by Vickers Weekly Insider Report, published by Argus Research. Reporting for MarketWatch.com, Mark Hulbert wrote, “To be sure, the stock market didn’t decline in September, notwithstanding the insiders’ selling. But, since historically the insiders have been more right than wrong, it seems risky to bet that the market will continue to escape the bearish implication of their behavior…. Note carefully that the insiders’ bearish behavior doesn’t necessarily mean the bull market is now over. However, to the extent the insiders turn out to be as right as they were on other recent occasions when their behavior was as lopsided on the sell side, we should be prepared for a notable market decline.” Separately, data provided by Bloomberg shows 40 sales for every buy by insiders of S&P 500 companies.

NYSE Short Interest fell by more than 884 million shares from June to August, a decline of 6%. This source of short-covering, potential demand for stocks has diminished.

The ICI reported $62.6 billion has been withdrawn from domestic equity mutual funds so far in 2012. This is another confirmation that supply is greater than demand for stocks.

VIX Fear Index has been fluctuating near 5-year lows from July into October, suggesting bullish complacency. VIX fell to 13.30 intraday on 8/17/12, its lowest level in more than 5 years, since 6/20/07. VIX fell from an intraday peak of 27.73 on 6/4/12. This large drop suggests a shift from worried concern to bullish complacency. 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.

The S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1552.76, high of 10/31/2007
1523.57, high of 12/11/2007
1498.85, high of 12/26/2007
1474.51, high of 9/14/2012
1464.02, high of 10/18/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1434.46, 50-day SMA
1430.53, low of 9/26/2012
1425.53, low of 10/12/2012
1425.48, Fibonacci 23.6% of June-Sept 2012 range
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1418.71, high of 8/17/2012
1415.32, high of 5/1/2012

The S&P 500 Composite Potential Support
1396.56, low of 9/4/2012
1395.14, Fibonacci 38.2% of June-Sept 2012 range
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1376.53, 200-day SMA
1374.81, high of 7/3/2012
1370.62, Fibonacci 50.0% of June-Sept 2012 range
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1355.70, low of 7/2/2012
1346.11, Fibonacci 61.8% of June-Sept 2012 range
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1311.20, Fibonacci 78.6% of June-Sept 2012 range
1306.62, low of 6/12/2012
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1257.58, Fibonacci 61.8% of 2011 range
1244.80, low of 12/7/2011
1239.73, low of 12/1/2011
1238.81, Fibonacci 78.6% of 1,576.09 high
1234.81, low of 11/3/2011
1231.04, high of 12/16/2011
1228.74, Fibonacci 61.8% of 2007-2009 range
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1074.77, low of 10/4/2011
1014.14, Fibonacci 38.2% of 2007-2009 range
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
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Fixed-Income Investments

Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) whipsawed back down below its 50-day SMA on 10/16/12, thereby turning systematically neutral again. TLT whipsawed back down below its 200-day SMA on 10/25/12. TLT’s 50-day SMA has remained above the 200-day SMA every day since 6/24/11. Support 119.87, 118.05, 117.44, 115.69, 114.82, 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 122.73, 124.78, 125.09, 127.72, 130.69, and 132.22.

Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) whipsawed back down below its 50-day SMA on 10/16/12, thereby turning systematically neutral again. IEF has remained above its 200-day SMA since 4/5/12, and the 50-day SMA has remained above the 200-day SMA every day since 6/21/11. Support 106.75, 106.42, 105.84, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 108.38, 108.70, 108.99, 109.32, and 109.89.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) fell below its 50-day SMA on 9/25/12, thereby turning systematically bearish again. JNK/LQD fell below its 200-day SMA on 9/20/12. JNK/LQD 50-day SMA has remained consistently below the 200-day SMA every day since 6/1/12.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) turned bullish on 10/10/12 when the TIP/IEF 50-day SMA rose above the 200-day SMA. TIP/IEF remains above both the 50-day SMA and 200-day SMA.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) 50-day SMA fell below the 200-day SMA on 10/2/12, thereby turning systematically bearish. UUP closed below its 50-day SMA on 8/3/12 and fell below its 200-day SMA on 8/31/12. Support 21.57, 21.07, and 20.84. Resistance 21.96, 22.36, 22.45, 23.14, 23.52, 25.84, 27.19, 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) fell below its lows of the previous 3 months on 10/15/12. DBA turned systematically neutral on 9/17/12 when price crossed below its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA remains well above the 200-day SMA.

Crude Oil, United States Oil ETF (USO) fell below its lows of the previous 15 weeks on 10/24/12, confirming its preexisting bearish trend. USO turned systematically bearish on 9/19/12, when price fell below its 50-day SMA. USO price fell below its 200-day SMA on 9/17/12, and the 50-day SMA remains below its 200-day SMA. Support 31.40, 29.02, 26.28, and 22.74. Resistance 34.70, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) fell below its lows of the previous 7 weeks on 10/24/12, confirming its preexisting corrective trend. GLD turned systematically neutral on 10/23/12, when price fell below its 50-day SMA. GLD price rose above its 200-day SMA on 8/22/12. GLD 50-day SMA rose above the 200-day SMA on 9/20/12. Support: 159.56, 154.83, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 174.07, 175.46, 177.40, and 185.85.

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) turned systematically bullish on 10/19/12, when the 50-day SMA rose above the 200-day SMA. GDX/GLD rose above its 50-day SMA on 8/16/12 and rose above its 200-day SMA on 9/13/12 .

Silver, iShares Silver Trust ETF (SLV) fell below its lows of the previous 7 weeks on 10/24/12, confirming its preexisting corrective trend. SLV fell below its 50-day SMA on 10/19/12, thereby turning systematically neutral again. SLV price 50-day SMA crossed above the 200-day SMA on 10/1/12, and SLV crossed above its 200-day SMA on 8/31/12. Support 29.28, 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 32.23, 33.23, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.

Silver/Gold ETFs Ratio (SLV/GLD) fell below its 50-day SMA on 10/19/12, thereby turning systematically neutral again. SLV/GLD crossed back above its 200-day SMA on 10/24/12. SLV/GLD 50-day SMA crossed above the 200-day SMA on 10/9/12.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) fell below its lows of the previous 7 weeks on 10/25/12, confirming its preexisting bearish trend. JJC price fell below its 50-day SMA on 10/22/12, thereby turning systematically bearish again. JJC fell below its 200-day SMA on 10/19/12, and the 50-day SMA has remained below the 200-day SMA every day since 5/31/12. “Dr. Copper” is one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, and so this bearish signal may be taken as a warning about economic conditions ahead.
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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 later revealed to be deal stocks or are the subject of some other extraordinary events, positive or negative.

Bullish Stocks: Rising Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
8.11% , PCAR , PACCAR
7.25% , WYNN , Wynn Resorts L
8.15% , TER , TERADYNE
7.31% , LSI , LSI LOGIC
6.67% , SYMC , SYMANTEC
3.34% , SIL , Silver Miners Global X, SIL
5.58% , DLX , DELUXE
6.19% , MPEL , Melco Crown Entertainment, MPEL
2.12% , MET , METLIFE
4.08% , MCK , MCKESSON CORP
3.77% , SVU , SUPERVALU
2.36% , CCL , CARNIVAL STK A
2.92% , PG , PROCTER & GAMBLE
11.25% , BC , BRUNSWICK
8.37% , ISIL , INTERSIL CORP
10.06% , MU.O , MICRON TECH
2.28% , OXY , OCCIDENTAL
1.03% , FE , FIRSTENERGY
0.43% , PXE , Energy Exploration & Prod, PXE
2.73% , ZMH , ZIMMER HLDGS
0.49% , IXC , Energy Global, IXC
3.38% , AMP , Ameriprise Financial Inc.
1.48% , CIEN.O , CIENA
3.78% , ERIC.O , LM Ericsson Telephone Company
0.58% , EWG , Germany Index, EWG
6.91% , SRCL , Stericycle, SRCL
1.14% , PFG , PRINCIPAL FINL
1.07% , INTC , INTEL
1.07% , EWZ , Brazil Index, EWZ
2.03% , ADSK , AUTODESK
0.44% , EWO , Austria Index, EWO
1.97% , BMS , BEMIS
0.33% , IJJ , Value MidCap S&P 400 B, IJJ

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-21.19% , CROX , CROCS Inc., CROX
-21.97% , NYT , NY TIMES STK A
-8.60% , MJN , Mead Johnson Nutrition
-6.33% , TLAB , TELLABS
-7.75% , SHW , SHERWIN WILLIAMS
-10.34% , BBY , BEST BUY
-10.52% , CLF , CLIFFS NATURAL RESOURCES, CLF
-4.75% , AN , AUTONATION
-3.63% , STJ , ST JUDE MEDICAL
-5.18% , GCI , GANNETT
-2.46% , NOV , NATIONAL OILWELL VARC0
-2.52% , PHM , PULTE HOMES
-2.50% , IPG , INTERPUBLIC GRP
-1.61% , TMK , TORCHMARK
-3.08% , IP , INTL PAPER
-1.49% , EMN , EASTMAN CHEM
-1.84% , CL , COLGATE
-3.31% , HOT , STARWOOD HOTELS
-0.95% , D , DOMINION RSCS
-2.44% , AMZN , Amazoncom Inc
-2.36% , RHT , Red Hat Inc.
-1.62% , BEN , FRANKLIN RSC
-1.54% , CTXS , CITRIX SYSTEMS
-1.60% , ALL , ALLSTATE
-1.12% , XHB , Homebuilders SPDR, XHB
-1.01% , CHD , Church & Dwight
-0.54% , PMTC.O , PARAMETRIC
-0.84% , NWL , NEWELL RUBBER
-0.94% , PWER , POWER ONE
-0.20% , IGV , Software, IGV
-1.52% , TJX , TJX
-1.31% , HD , HOME DEPOT
-0.61% , ASH , ASHLAND
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.19% South Korea Index, EWY
1.47% Semiconductor iS IGW, SOXX
1.34% Silver Trust iS, SLV
1.26% Energy & Nat Res iS GS, IGE
1.17% South Africa Index, EZA
1.07% Brazil Index, EWZ
1.05% India PS, PIN
1.02% Emerging Markets MSCI iS, EEM
1.01% Malaysia Index, EWM
1.00% Canada Index, EWC
0.99% Emerging VIPERs, VWO
0.99% Chile MSCI iS, ECH
0.98% United Kingdom Index, EWU
0.98% Singapore Index, EWS
0.96% Hong Kong Index, EWH
0.94% Energy SPDR, XLE
0.92% Dividend International, PID
0.89% China 25 iS, FXI
0.88% Energy VIPERs, VDE
0.87% India Earnings WTree, EPI
0.86% Indonesia MV, IDX
0.86% Energy DJ, IYE
0.85% Emerging 50 BLDRS, ADRE
0.83% Thailand MSCI iS, THD
0.81% Sweden Index, EWD
0.80% Capital Markets KWB ST, KCE
0.80% Health Care SPDR, XLV
0.80% Growth EAFE MSCI, EFG
0.79% Netherlands Index, EWN
0.78% Oil Fund PowerShares, DBO
0.77% Japan Index, EWJ
0.76% Global ex U.S. LargeCap Blend, ACWX
0.75% Pacific ex-Japan, EPP
0.74% Australia Index, EWA
0.71% Pacific VIPERs, VPL
0.71% Latin Am 40, ILF
0.70% Gold Shares S.T., GLD
0.67% SmallCap Blend EAFE MSCI iS, SCZ
0.65% Dividend ex-U.S. DJ iS, IDV
0.62% Europe 350 S&P Index, IEV
0.62% Consumer Staples SPDR, XLP
0.61% European VIPERs, VGK
0.60% Foreign LargeCap EAFE MSCI iS, EFA
0.58% Germany Index, EWG
0.57% Water Resources, PHO
0.55% Industrial SPDR, XLI
0.55% Transportation Av DJ, IYT
0.50% Russia MV, RSX
0.50% Global LargeCap Blend MSCI iS, ACWI
0.49% Utilities SPDR, XLU
0.49% Energy Global, IXC
0.49% Semiconductor SPDR, XSD
0.47% Oil, Crude, U.S. Oil Fund, USO
0.47% Turkey MSCI iS, TUR
0.46% Value EAFE MSCI, EFV
0.45% Metals & Mining SPDR, XME
0.45% Value VIPERs, VTV
0.44% Austria Index, EWO
0.43% Value MidCap Russell, IWS
0.43% LargeCap Value Russell 1000 iS, IWD
0.42% SmallCap Growth S&P 600 iS, IJT
0.41% SmallCap Blend Russell 2000 iS, IWM
0.40% Dividend U.S. DJ iS, DVY
0.40% LargeCap Value S&P 500 iS, IVE
0.39% LargeCap Blend S&P=Weight R, RSP
0.39% Global 100, IOO
0.37% SmallCap Value Russell 2000 iS, IWN
0.37% Value LargeCap Dynamic PS, PWV
0.35% Growth SmallCap VIPERs, VBK
0.35% SmallCap Growth Russell 2000 iS, IWO
0.33% SmallCap Blend S&P 600 iS, IJR
0.33% Utilities VIPERs, VPU
0.33% MidCap Value S&P 400 iS, IJJ
0.32% SmallCap Value S&P 600 iS, IJS
0.32% Small Cap VIPERs, VB
0.32% Financial Services DJ, IYG
0.32% Belgium Index, EWK
0.30% LargeCap Blend S&P 500 iS, IVV
0.30% Microcap Russell, IWC
0.29% S&P 500 SPDRs LargeCap Blend, SPY
0.28% MidCap Russell, IWR
0.28% Value SmallCap VIPERS, VBR
0.28% Blend Total Market VIPERs, VTI
0.26% Commodity Tracking, DBC
0.25% Financial SPDR, XLF
0.24% Dividend Appreciation Vipers, VIG
0.23% LargeCap VIPERs, VV
0.23% LargeCap Blend Russell 1000 iS, IWB
0.23% LargeCap Blend Russell 3000 iS, IWV
0.23% MidCap Blend S&P 400 iS, IJH
0.22% Financial DJ US, IYF
0.22% MidCap S&P 400 SPDRs, MDY
0.22% LargeCap Blend S&P 100, OEF
0.21% DIAMONDS (DJIA), DIA
0.21% Dividend High Yield Equity PS, PEY
0.19% Dividend SPDR, SDY
0.18% Financials VIPERs, VFH
0.17% LargeCap Growth S&P 500 iS, IVW
0.16% EMU Europe Index, EZU
0.16% Bond, High Yield Corp iBoxx iS, HYG
0.16% Taiwan Index, EWT
0.14% MidCap Growth S&P 400 iS, IJK
0.13% Growth MidCap Russell, IWP
0.12% Bond, High-Yield Junk, JNK
0.11% Spain Index, EWP
0.09% Growth VIPERs, VUG
0.08% Switzerland Index, EWL
0.05% LargeCap Growth Russell 1000 iS, IWF
0.04% Bond, Muni S&P ATM-Free iS, MUB
0.00% WilderHill Clean Energy PS, PBW
0.00% Bond Treasury Short-Term iS, SHV
0.00% Basic Materials DJ US, IYM
-0.01% QQQ Nasdaq 100 Trust, QQQ
-0.01% Biotech SPDR, XBI
-0.04% Bond, 1-3 Year Treasury, SHY
-0.05% Preferred Stock iS, PFF
-0.09% France Index, EWQ
-0.11% Financial Preferred, PGF
-0.16% China LargeCap Growth G D H USX PS, PGJ
-0.16% Info Tech VIPERs, VGT
-0.19% Bond, Emerg Mkt JPM iS, EMB
-0.20% Bond Ex-US Treas, BWX
-0.21% Technology SPDR, XLK
-0.21% Bond, Intermediate US Aggregate iS, AGG
-0.22% Materials SPDR, XLB
-0.24% Mexico Index, EWW
-0.24% Consumer Discretionary SPDR, XLY
-0.25% Frontier Markets Guggenheim , FRN
-0.28% REIT VIPERs, VNQ
-0.29% Bond, Long-Term Corp iBoxx iS, LQD
-0.30% Bond, TIPS U.S. Treasury iS, TIP
-0.31% Technology DJ US, IYW
-0.32% Bear, Short S&P 500, SH
-0.36% Realty Cohen & Steers, ICF
-0.36% Bond, 10 Year Treasury, IEF
-0.36% REIT Wilshire, RWR
-0.38% Agriculture DB PS, DBA
-0.44% Real Estate US DJ iS, IYR
-0.51% Bond, 20+ Years Treasury, TLT
-0.57% Telecom DJ US, IYZ
-0.64% Italy Index, EWI
-1.12% Homebuilders SPDR, XHB
-1.76% Networking, IGN