iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 3/21/13, suggesting a major downtrend. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. BKF/SPY remains systematically neutral but appears to be heading for a bearish 50/200 SMA crossover. Price peaked at 42.29 on 2/1/13 and fell to a 4-month low on 3/19/13.
The S&P 500 (SPX: 1,545.80) closed below its closing price lows of the previous 9 trading days, down 0. 83%, its largest daily loss in nearly 4 weeks, since 2/25/13. The Nasdaq Composite Index fell 0.97%, the Dow Jones Industrial Average lost 0.62%, and the Dow Jones Transportation Average fell 1.62%. Breadth was negative, with 1355 Advances and 2603 Declines. Volume on the NYSE fell 3% to a level near its 200-day SMA.
Daily price momentum oscillators have been diverging bearishly while price indexes rose to new highs in recent weeks. Momentum oscillators have remained below their 2011-2012 highs and below their highs of late January. For example, RSI(14) based on the S&P 500 Index, now at 56.04 peaked at 74.46 on 1/29/13. MACD(12,26,9), now at 13.05, peaked at 17.88 on 1/29/13. Bearishly diverging momentum is a problem because momentum is a leading indicator of price.
The Art of Contrary Thinking has been calling for questioning overwhelming bullish sentiment. Objective investor sentiment data clearly has demonstrated extremely high degrees of optimism and bullish complacency, matching or exceeding extremes at past market price tops. The pendulum of emotion tends to swing too far in one direction, but the market mood always reverts to the mean–eventually. Sentiment extremes are a leading indicator of price.
Our clients’ separately managed accounts made gains in 6 of the past 7 consecutive quarters; see:
Robert W. Colby Asset Management, Inc. (click here).
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) whipsawed back above its 50-day SMA on 3/4/13, thereby turning systematically bullish again. Longer term, although the XLF/SPY has moderately outperformed for nearly 4 years, since 3/6/09, it has substantially underperformed since 3/23/04, and the secular trend may be bearish still. Absolute price turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 2/21/12. Support: 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 18.48, 18.51, 20.70, 24.50, and 28.17.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) turned systematically bullish again on 1/24/13, when it whipsawed back above its 50-day SMA. XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically bullish on 1/2/13, when it rose above its 50-day SMA. Support: 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: 45.10.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) whipsawed back above its 50-day SMA on 2/27/13, thereby turning systematically bullish again. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/16/11. Support: 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: 53.01.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) has been systematically neutral most of the time over the past year, with XLP performing about in line with the SPY, while absolute price has stayed mostly bullish. Support: 38.20, 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) turned systematically neutral (from bullish) on 3/20/13 when it crossed below the 50-day SMA. Absolute price remains systematically bullish, with the 50-day SMA above the 200-day SMA since 8/24/12. Support: 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: 42.16.
Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) whipsawed below its 50-day SMA on 3/18/13, thereby turning systematically neutral again. Still, XLE has been lagging since 2/14/13. Absolute price turned systematically bullish on 12/31/12, when it rose above its 50-day SMA. Support: 75.46, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 80.14, 80.97, 83.27, and 91.42. Utilities (XLU) Neutral, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below its lows of the previous 20 months on 1/17/13. Although currently slightly into the neutral zone above the 50-day SMA, XLU/SPY has stayed systematically bearish most of the time since 9/19/12 and could easily turn bearish again. Absolute price is systematically bullish. Support: 37.12, 36.78, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.54, 41.98, and 44.66. br>
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below 5-month’s lows on 2/25/13, after falling below its 50-day SMA on 2/5/13 and thereby turning systematically neutral. XLB absolute price systematically neutral (from bullish) on 3/21/13 when it crossed below the 50-day SMA. Support: 37.35, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 40.04, 40.20, 40.72, 41.28, 43.04, 45.21, and 46.54.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below its lows of the previous 20 months on 3/13/13, again confirming its established systematically bearish major trend. XLK absolute price rose above its highs of the previous 4 months on 3/14/12 and is systematically bullish. Support: 29.21, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 330.51, 0.51, 31.22, 31.74, 32.00, 34.85, 36.40, and 39.07.
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Stock Market Indicators
The Dow Theory confirmed a Primary Tide Bull Market on 2/19/13, when both Dow-Jones Industrial and Transportation Averages closed above their closing price highs of the previous 5 years.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY)fell below its lows of the previous 19 months on 3/14/13. QQQ/SPY turned systematically bearish on 11/7/12, when the 50-day SMA fell below the 200-day SMA.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 3/21/13, suggesting a major downtrend. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. BKF/SPY remains systematically neutral but appears to be heading for a bearish 50/200 SMA crossover. Price peaked at 42.29 on 2/1/13 and fell to a 4-month low on 3/19/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 3/21/13, again confirming a major downtrend. EEM/SPY turned systematically bearish on 3/20/13 when the 50-day SMA fell below the 200-day SMA. Price peaked at 45.34 on 1/2/13 and fell to a 4-month low on 3/19/13.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 4 months on 3/13/13, again confirming a medium-term downtrend. EFA/SPY remains systematically neutral.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) turned systematically neutral on 3/15/13 when it crossed above its 50-day SMA. Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks. On the other hand, Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. Price rose to a new closing price high on 3/15/13, confirming its preexisting uptrend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. Price rose to a new high on 3/20/13, confirming its preexisting uptrend.
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Investors Intelligence Sentiment confirms that stock market newsletter advisors are extremely bullish. The percentage of Bulls rose to 54.7% as of 2/6/13, while the percentage of Bears plunged to 18.6% as of 3/20/13. That was the fewest Bears since 5/11/11, in the early days of the 19% correction into the S&P 500 low of 1074.77 low on 10/4/11. Advisors are more bullish than they were at the S&P 500 high of 1,474.51 on 9/14/2012, just before a 9% downside correction into the 1343.35 low of 11/16/2012.
The S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1565.15, highest close on 10/9/2007
1563.62, high of 3/15/2013
The S&P 500 Composite Potential Support
1538.57, low of 3/19/2013
1514.54, 50-day SMA
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1463.76, low of 1/15/2013
1451.64, low on 1/8/13
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1428.67, 200-day SMA
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
1415.32, high of 5/1/2012
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.58, low of 12/28/12
1398.11, low of 12/31/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1343.35, low of 11/16/2012
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
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
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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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price rose above its highs 6-months on 3/13/13, after closing above its 200-day SMA on 2/21/13. UUP turned systematically neutral on 2/7/13, when it rose above its 50-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.38, 22.15, 21.53, 21.07, and 20.84. Resistance 22.64, 22.78, 22.96, 23.14, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA)price fell below its lows of the previous 7 months on 3/6/13, again confirming its major bearish trend. Price turned systematically bearish on 1/11/13 when the 50-day SMA crossed down below the 200-day SMA.
Crude Oil, United States Oil ETF (USO) price turned systematically neutral on 2/21/13 and remains neutral. Longer term, USO has been mostly bearish since peaking at 119.17 on 7/11/08. Support 32.16, 31.00, 29.02, 26.28, and 22.74. Resistance 33.75, 35.53, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 8 months on 2/20/13 and appears to be consolidating losses in more recent weeks. Price turned systematically bearish on 2/22/13, when the 50-day SMA fell below the 200-day SMA. Longer term, GLD has been mostly bearish since peaking at 185.85 on 9/6/11. Support: 150.84, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) turned systematically bearish again on 12/27/12, when the 50-day SMA crossed below the 200-day SMA. Longer term, GDX/GLD has remained mostly bearish for more than 6 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price fell below its lows of the previous 6 months on 2/20/13 and appears to be consolidating losses in more recent weeks. Price turned systematically bearish on 3/1/13, when the 50-day SMA fell below the 200-day SMA. Longer term, SLV has been mostly bearish since peaking at 48.35 on 4/28/11. Support 27.35, 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 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 lows of the previous 6 months on 3/19/13, again confirming a medium-term downtrend. SLV/GLD remains neutral below both its 50-day SMA and its 200-day SMA.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC)fell below its lows of the previous 7 months on 3/19/13, again confirming a medium-term downtrend. JJC remains systematically neutral, below the 50-day SMA and 200-day SMA. JJC has been consolidating losses between 38.99 and 51.41 since 10/5/11. Longer term, JJC has been mostly bearish since peaking at 61.69 on 2/14/11. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, so price weakness of Copper implies a weak economic outlook.
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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
3.39% , BMC.O , BMC SOFTWARE
11.69% , SVU , SUPERVALU
2.46% , KBH , KB HOME
3.36% , ROST , Ross Stores Inc
1.30% , WOR , WORTHINGTON INDS
1.61% , DV , DeVry, Inc.
3.46% , YHOO , YAHOO
1.38% , CNP , CENTERPNT ENERGY
1.61% , MJN , Mead Johnson Nutrition
1.06% , COH , COACH
0.73% , GPC , GENUINE PARTS
0.61% , MDT , MEDTRONIC
1.23% , DXD , Short 200% Dow 30 PS, DXD
1.68% , SDS , Short 200% S&P 500 PS, SDS
0.30% , PMCS , PMC SIERRA
0.97% , CLF , CLIFFS NATURAL RESOURCES, CLF
0.49% , THC , TENET HEALTHCARE
0.67% , AFL , AFLAC
0.13% , LAMR , Lamar Advertising Company
0.42% , AET , AETNA
0.62% , DOG , Short 100% Dow 30, DOG
0.20% , INTU , INTUIT
0.50% , KO , COCA COLA
0.19% , FMCN , Focus Media, FMCN
0.83% , COP , CONOCOPHILLIPS
0.14% , PCL , PLUM CREEK TIMB
0.04% , GILD , Gilead Sciences Inc
0.03% , GVI , Bond Interm U.S. Gov, GVI
0.06% , CVG , CONVERGYS
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-9.69% , ORCL , ORACLE
-3.69% , EMN , EASTMAN CHEM
-4.52% , JBL , JABIL CIRCUIT
-0.86% , EWN , Netherlands Index, EWN
-3.83% , CSCO , CISCO SYSTEMS
-0.52% , EWA , Australia Index, EWA
-0.71% , IXJ , Healthcare Global, IXJ
-0.76% , IXG , Financials Global LargeCap Value, IXG
-2.87% , DOW , DOW CHEMICAL
-1.33% , DELL , DELL
-1.51% , SIAL , SIGMA ALDRICH
-3.98% , CIEN.O , CIENA
-1.32% , IGM , Technology GS, IGM
-0.75% , SPHQ.K , S&P 500 High Quality PS, SPHQ
-2.60% , FLEX , Flextronics International Ltd
-0.87% , IJR , SmallCap S&P 600, IJR
-0.75% , IXC , Energy Global, IXC
-1.85% , LTD , LIMITED BRANDS
-1.03% , RPG , Growth S&P 500, RPG
-1.40% , RFV , Value MidCap S&P 400, RFV
-2.97% , MRVL , MARVELL TECHNOLOGY
-2.24% , NKE , NIKE STK B
-3.11% , PH , PARKER HANNIFIN
-2.09% , PX , PRAXAIR
-0.87% , JKE , Growth LargeCap iS M, JKE
-1.77% , EPI , India Earnings WTree, EPI
-0.66% , LM , LEGG MASON
-2.12% , QLD , Ultra QQQ Double, QLD
-3.10% , TER , TERADYNE
-3.24% , MWV , MEADWESTVACO
-1.69% , LOW , LOWES
-2.41% , TIF , TIFFANY
-1.30% , IBM , IBM
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.33% , Silver Trust iS, SLV
0.96% , Bond, 20+ Years Treasury, TLT
0.84% , Bear, Short S&P 500, SH
0.58% , Frontier Markets Guggenheim , FRN
0.56% , Gold Shares S.T., GLD
0.34% , Bond Ex-US Treas, BWX
0.30% , Singapore Index, EWS
0.26% , Bond, 10 Year Treasury, IEF
0.15% , Metals & Mining SPDR, XME
0.10% , Bond, Long-Term Corp iBoxx iS, LQD
0.05% , Financial Preferred, PGF
0.05% , Bond, TIPS U.S. Treasury iS, TIP
0.04% , Agriculture DB PS, DBA
0.02% , Bond, Intermediate US Aggregate iS, AGG
0.01% , Bond, 1-3 Year Treasury, SHY
0.00% , Bond Treasury Short-Term iS, SHV
0.00% , Russia MV, RSX
0.00% , Japan Index, EWJ
-0.02% , Preferred Stock iS, PFF
-0.08% , Bond, Muni S&P ATM-Free iS, MUB
-0.12% , Bond, Emerging Mkt JPM iS, EMB
-0.13% , Dividend High Yield Equity PS, PEY
-0.15% , Bond, High-Yield Junk, JNK
-0.16% , Pacific VIPERs, VPL
-0.18% , Bond, High Yield Corp iBoxx iS, HYG
-0.21% , Mexico Index, EWW
-0.27% , South Africa Index, EZA
-0.30% , Dividend International, PID
-0.30% , REIT VIPERs, VNQ
-0.31% , Consumer Staples SPDR, XLP
-0.32% , China LargeCap Growth G D H USX PS, PGJ
-0.32% , SmallCap Blend EAFE MSCI iS, SCZ
-0.33% , Hong Kong Index, EWH
-0.33% , Real Estate US DJ iS, IYR
-0.34% , REIT Wilshire, RWR
-0.35% , Malaysia Index, EWM
-0.38% , Chile MSCI iS, ECH
-0.39% , Pacific ex-Japan, EPP
-0.40% , Realty Cohen & Steers, ICF
-0.41% , Turkey MSCI iS, TUR
-0.44% , Commodity Tracking, DBC
-0.44% , Utilities VIPERs, VPU
-0.46% , Dividend U.S. DJ iS, DVY
-0.47% , Energy & Nat Res iS GS, IGE
-0.49% , United Kingdom Index, EWU
-0.50% , Utilities SPDR, XLU
-0.51% , Energy SPDR, XLE
-0.52% , Australia Index, EWA
-0.53% , Canada Index, EWC
-0.56% , Health Care SPDR, XLV
-0.56% , Value LargeCap Dynamic PS, PWV
-0.58% , Telecom DJ US, IYZ
-0.58% , Microcap Russell, IWC
-0.59% , Energy VIPERs, VDE
-0.61% , Latin Am 40, ILF
-0.62% , Energy DJ, IYE
-0.64% , DIAMONDS (DJIA), DIA
-0.67% , Value VIPERs, VTV
-0.67% , Dividend SPDR, SDY
-0.69% , Dividend Appreciation Vipers, VIG
-0.69% , SmallCap Growth S&P 600 iS, IJT
-0.71% , Value SmallCap VIPERS, VBR
-0.72% , LargeCap Blend Russell 1000 iS, IWB
-0.75% , SmallCap Value Russell 2000 iS, IWN
-0.75% , Small Cap VIPERs, VB
-0.75% , Energy Global, IXC
-0.75% , Value EAFE MSCI, EFV
-0.76% , MidCap Value S&P 400 iS, IJJ
-0.76% , Taiwan Index, EWT
-0.78% , Dividend ex-U.S. DJ iS, IDV
-0.78% , Growth SmallCap VIPERs, VBK
-0.79% , LargeCap Value S&P 500 iS, IVE
-0.79% , Global ex U.S. LargeCap Blend, ACWX
-0.80% , Blend Total Market VIPERs, VTI
-0.81% , LargeCap VIPERs, VV
-0.81% , MidCap Blend S&P 400 iS, IJH
-0.82% , LargeCap Growth Russell 1000 iS, IWF
-0.82% , Water Resources, PHO
-0.82% , LargeCap Blend S&P 100, OEF
-0.83% , LargeCap Blend Russell 3000 iS, IWV
-0.83% , LargeCap Blend S&P 500 iS, IVV
-0.83% , Growth VIPERs, VUG
-0.84% , Consumer Discretionary SPDR, XLY
-0.85% , LargeCap Value Russell 1000 iS, IWD
-0.85% , MidCap Russell, IWR
-0.85% , S&P 500 SPDRs LargeCap Blend, SPY
-0.86% , Netherlands Index, EWN
-0.87% , SmallCap Blend S&P 600 iS, IJR
-0.87% , MidCap S&P 400 SPDRs, MDY
-0.88% , SmallCap Blend Russell 2000 iS, IWM
-0.88% , Value MidCap Russell, IWS
-0.88% , Global 100, IOO
-0.88% , SmallCap Value S&P 600 iS, IJS
-0.89% , Italy Index, EWI
-0.89% , Growth MidCap Russell, IWP
-0.89% , LargeCap Blend S&P=Weight R, RSP
-0.89% , WilderHill Clean Energy PS, PBW
-0.90% , SmallCap Growth Russell 2000 iS, IWO
-0.90% , Emerging VIPERs, VWO
-0.91% , Foreign LargeCap EAFE MSCI iS, EFA
-0.93% , LargeCap Growth S&P 500 iS, IVW
-0.94% , MidCap Growth S&P 400 iS, IJK
-0.95% , Growth EAFE MSCI, EFG
-0.96% , Financial DJ US, IYF
-1.00% , Austria Index, EWO
-1.01% , Industrial SPDR, XLI
-1.02% , Financials VIPERs, VFH
-1.02% , Emerging Markets MSCI iS, EEM
-1.03% , Biotech SPDR, XBI
-1.04% , Oil Fund PowerShares, DBO
-1.04% , Emerging 50 BLDRS, ADRE
-1.08% , Global LargeCap Blend MSCI iS, ACWI
-1.10% , China 25 iS, FXI
-1.13% , QQQ Nasdaq 100 Trust, QQQ
-1.14% , Technology SPDR, XLK
-1.17% , Europe 350 S&P Index, IEV
-1.20% , Oil, Crude, U.S. Oil Fund, USO
-1.20% , Financial SPDR, XLF
-1.22% , Spain Index, EWP
-1.25% , Belgium Index, EWK
-1.26% , Info Tech VIPERs, VGT
-1.28% , India PS, PIN
-1.30% , Basic Materials DJ US, IYM
-1.30% , Financial Services DJ, IYG
-1.32% , European VIPERs, VGK
-1.36% , Technology DJ US, IYW
-1.39% , Germany Index, EWG
-1.42% , EMU Europe Index, EZU
-1.46% , Capital Markets KWB ST, KCE
-1.50% , South Korea Index, EWY
-1.50% , Networking, IGN
-1.58% , Thailand MSCI iS, THD
-1.59% , Transportation Av DJ, IYT
-1.60% , Sweden Index, EWD
-1.62% , Semiconductor iS IGW, SOXX
-1.63% , Brazil Index, EWZ
-1.63% , France Index, EWQ
-1.71% , Materials SPDR, XLB
-1.72% , Switzerland Index, EWL
-1.77% , Semiconductor SPDR, XSD
-1.77% , India Earnings WTree, EPI
-1.93% , Homebuilders SPDR, XHB
-1.96% , Indonesia MV, IDX
