Silver/Gold ETFs Ratio (SLV/GLD) fell below its lows of the previous 2 years on 5/28/13, again reconfirming its major downtrend. SLV/GLD remains systematically bearish.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 5/28/13, reconfirming its preexisting major downtrend.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 7 months on 5/28/13. EFA/SPY remains systematically bearish.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) whipsawed back up above its 50-day SMA on 5/28/13, thereby turning systematically bullish again (from neutral).

Energy (XLE) stock sector ETF Relative Strength Ratio (XLE/SPY) whipsawed back above its 50-day SMA on 5/28/13, thereby turning systematically neutral again (from bearish).

U.S. stocks opened higher and continued rising to a peak at 10:24 a.m. ET. Stocks spent most of the balance of the day giving back most of the early gains. Indexes closed below their opening prices but above closing prices of the previous trading day.

The Bullish Majority argues (or hopes) that the stock market will remain bullishly resilient because bullish momentum feeds on itself and the “Buy-the-Dip” mentality won’t quit until the Fed quits its “highly accommodative monetary policy”, which will be many, many months off into the future. (It is usually not that simple.)

The S&P 500 Composite Index (SPX: 1,660.06) finished up 0.63%, the Nasdaq Composite Index rose 0.86%, the Dow Jones Industrial Average advanced by 0.69%, and the Dow Jones Transportation Average rose 0.03%. Breadth was positive, with 2,374 Advances and 1,727 Declines, and with 2,311 million shares Advancing Stock Volume compared to 1,428 million Declining Stock Volume.

NYSE total volume rose 25% to a level 6% above its 200-day SMA. Rising volume on a price decline confirms that price decline, while falling volume on a decline rise may indicate diminishing selling pressure behind that decline.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) price rose above its highs of the previous 9 months on 5/17/13, again reconfirming its major uptrend. UUP price turned systematically bullish (from neutral) on 5/9/13, when it rose above the 50-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.67, 22.12, 21.53, 21.07, and 20.84. Resistance 22.96, 22.69, 23.14, 23.52, 25.84, 27.19, and 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the previous 2 years on 5/20/13, again reconfirming its preexisting major bearish trend. Price whipsawed back down below its 50-day SMA on 5/10/13, thereby turning systematically bearish (from neutral) again.

Crude Oil, United States Oil ETF (USO) price turned systematically bearish (from neutral) on 5/24/13 when price fell below the 50-day SMA. Longer term, USO has been mostly bearish since peaking at 119.17 on 7/11/08. Support 32.76, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 34.59, 34.86, 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 2 years on 4/15/13, thereby reconfirming its preexisting major bearish trend. 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: 130.51. Resistance: 143.43, 149.44, 153.85, 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 2 years on 5/17/13, again reconfirming its preexisting major bearish trend. 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 20.73, and 19.44. Resistance: 23.70, 27.14, 27.35, 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 2 years on 5/28/13, again reconfirming its major downtrend. SLV/GLD remains systematically bearish.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price whipsawed back down below its 50-day SMA on 5/23/13, thereby turning systematically bearish again (from neutral). 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 in 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
6.88% , HMA , HEALTH MGMT STK A
2.32% , PST , 200% Short Bond 7-10 Yr T, PST
7.13% , MTG , MGIC INVESTMENT
3.95% , TIF , TIFFANY
5.00% , TBT , 200% Short US T Bond, TBT
1.94% , PEJ , Leisure & Entertainment, PEJ
1.00% , IXG , Financials Global LargeCap Value, IXG
3.98% , ETFC , E*TRADE FINANCIAL
0.92% , EWG , Germany Index, EWG
3.47% , CROX , CROCS Inc., CROX
3.31% , F , FORD MOTOR
3.64% , WOR , WORTHINGTON INDS
1.89% , XBI , Biotech SPDR, XBI
3.15% , SRE , SEMPRA ENERGY
1.84% , AN , AUTONATION
2.06% , DISH , EchoStar Communications
1.41% , IYG , Financial Services DJ, IYG
1.49% , PXJ , Oil & Gas, PXJ
4.12% , STT , STATE STREET
2.67% , NTRS , NORTHERN TRUST
3.50% , FHN , First Horizon National
3.46% , NTAP , NETWK APPLIANCE
2.23% , ERIC.O , LM Ericsson Telephone Company
3.18% , SCHW.K , CHARLES SCHWAB, SCHW.O
0.64% , IXJ , Healthcare Global, IXJ
2.12% , AMZN , Amazoncom Inc
1.13% , IGV , Software, IGV
1.84% , A , AGILENT TECH
2.69% , BBY , BEST BUY
1.76% , SNI , Scripps Networks Interactive
2.06% , NUE , NUCOR
2.39% , BIIB , BIOGEN IDEC
2.30% , PXN , Nanotech Lux, PXN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-7.53% , EXC , EXELON CORP
-6.48% , FE , FIRSTENERGY
-6.36% , NFLX , Netflix, NFLX
-2.95% , TE , TECO ENERGY
-0.80% , VOX , Telecom Services VIPERs, VOX
-2.41% , AEP , AM ELEC POWER
-2.54% , TLT , Bond, 20+ Years Treasury, TLT
-1.90% , AES , AES
-1.17% , IEF , Bond, 10 Year Treasury, IEF
-1.64% , DUK , DUKE ENERGY
-1.48% , STJ , ST JUDE MEDICAL
-1.16% , XLU , Utilities SPDR, XLU
-1.55% , T , AT&T Corp., T
-0.98% , MUB , Bond Muni ATM-Free S&P iS, MUB
-0.81% , IYZ , Telecom DJ US, IYZ
-1.68% , RFMD , RF Micro Devices Inc
-0.94% , VPU , Utilities VIPERs, VPU
-1.12% , ICF , Realty Cohen & Steers, ICF
-2.06% , PCL , PLUM CREEK TIMB
-0.78% , CSX , CSX
-0.85% , MCK , MCKESSON CORP
-1.08% , FLEX , Flextronics International Ltd
-1.46% , DXD , Short 200% Dow 30 PS, DXD
-1.22% , GNTX , Gentex Corporation
-1.39% , BRCM , BROADCOM STK A
-1.32% , FDX , FEDEX
-0.33% , FDL , Dividend Leaders, FDL
-1.23% , AIV , APT INV MNGMT
-1.73% , PPL , PPL
-1.11% , VZ , VERIZON COMMS
-0.85% , DTE , DTE ENERGY
-0.91% , TIP , Bond, TIPS, TIP
-1.36% , LEN , Lennar Corp. (LEN)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.46% , India PS, PIN
2.21% , Capital Markets KWB ST, KCE
1.89% , Biotech SPDR, XBI
1.64% , China 25 iS, FXI
1.64% , WilderHill Clean Energy PS, PBW
1.61% , SmallCap Growth S&P 600 iS, IJT
1.58% , Italy Index, EWI
1.57% , Microcap Russell, IWC
1.51% , SmallCap Growth Russell 2000 iS, IWO
1.49% , India Earnings WTree, EPI
1.41% , Financial Services DJ, IYG
1.38% , SmallCap Blend S&P 600 iS, IJR
1.37% , China LargeCap Growth G D H USX PS, PGJ
1.37% , SmallCap Value S&P 600 iS, IJS
1.35% , Spain Index, EWP
1.30% , SmallCap Blend Russell 2000 iS, IWM
1.28% , Growth SmallCap VIPERs, VBK
1.26% , Oil, Crude, U.S. Oil Fund, USO
1.22% , Networking, IGN
1.20% , Water Resources, PHO
1.19% , Oil Fund PowerShares, DBO
1.19% , SmallCap Value Russell 2000 iS, IWN
1.16% , Small Cap VIPERs, VB
1.14% , Hong Kong Index, EWH
1.11% , France Index, EWQ
1.06% , Energy VIPERs, VDE
1.05% , Energy SPDR, XLE
1.03% , Energy DJ, IYE
1.03% , South Korea Index, EWY
1.03% , Basic Materials DJ US, IYM
1.02% , Financial SPDR, XLF
1.02% , Health Care SPDR, XLV
1.02% , Taiwan Index, EWT
0.97% , Consumer Discretionary SPDR, XLY
0.96% , Netherlands Index, EWN
0.95% , Metals & Mining SPDR, XME
0.94% , EMU Europe Index, EZU
0.92% , Commodity Tracking, DBC
0.92% , Value SmallCap VIPERS, VBR
0.92% , Germany Index, EWG
0.92% , Energy & Nat Res iS GS, IGE
0.91% , Materials SPDR, XLB
0.91% , Semiconductor iS IGW, SOXX
0.87% , Indonesia MV, IDX
0.85% , Value LargeCap Dynamic PS, PWV
0.82% , Growth MidCap Russell, IWP
0.80% , MidCap Growth S&P 400 iS, IJK
0.79% , Financials VIPERs, VFH
0.77% , Financial DJ US, IYF
0.76% , MidCap Blend S&P 400 iS, IJH
0.75% , Info Tech VIPERs, VGT
0.74% , MidCap Value S&P 400 iS, IJJ
0.74% , Malaysia Index, EWM
0.73% , DIAMONDS (DJIA), DIA
0.72% , Semiconductor SPDR, XSD
0.70% , LargeCap Blend Russell 3000 iS, IWV
0.70% , LargeCap Blend S&P=Weight R, RSP
0.70% , Technology DJ US, IYW
0.69% , Energy Global, IXC
0.68% , Global 100, IOO
0.67% , LargeCap VIPERs, VV
0.67% , LargeCap Value S&P 500 iS, IVE
0.66% , LargeCap Blend Russell 1000 iS, IWB
0.66% , Homebuilders SPDR, XHB
0.65% , Dividend Appreciation Vipers, VIG
0.65% , QQQ Nasdaq 100 Trust, QQQ
0.65% , Value VIPERs, VTV
0.65% , Blend Total Market VIPERs, VTI
0.63% , MidCap S&P 400 SPDRs, MDY
0.63% , Growth VIPERs, VUG
0.62% , MidCap Russell, IWR
0.62% , LargeCap Blend S&P 100, OEF
0.61% , LargeCap Blend S&P 500 iS, IVV
0.61% , Value MidCap Russell, IWS
0.60% , S&P 500 SPDRs LargeCap Blend, SPY
0.59% , LargeCap Growth S&P 500 iS, IVW
0.58% , European VIPERs, VGK
0.58% , Value EAFE MSCI, EFV
0.57% , LargeCap Growth Russell 1000 iS, IWF
0.56% , Emerging Markets MSCI iS, EEM
0.53% , Industrial SPDR, XLI
0.50% , LargeCap Value Russell 1000 iS, IWD
0.50% , Emerging VIPERs, VWO
0.50% , Europe 350 S&P Index, IEV
0.47% , Technology SPDR, XLK
0.44% , Thailand MSCI iS, THD
0.40% , Agriculture DB PS, DBA
0.39% , Sweden Index, EWD
0.37% , Dividend SPDR, SDY
0.30% , Global LargeCap Blend MSCI iS, ACWI
0.27% , Global ex U.S. LargeCap Blend, ACWX
0.27% , Belgium Index, EWK
0.26% , United Kingdom Index, EWU
0.26% , Foreign LargeCap EAFE MSCI iS, EFA
0.25% , Pacific ex-Japan, EPP
0.19% , Dividend High Yield Equity PS, PEY
0.18% , Dividend U.S. DJ iS, DVY
0.17% , Consumer Staples SPDR, XLP
0.13% , Emerging 50 BLDRS, ADRE
0.09% , Dividend ex-U.S. DJ iS, IDV
0.08% , Australia Index, EWA
0.08% , Growth EAFE MSCI, EFG
0.07% , Canada Index, EWC
0.06% , Dividend International, PID
0.00% , Transportation Av DJ, IYT
0.00% , South Africa Index, EZA
0.00% , SmallCap Blend EAFE MSCI iS, SCZ
0.00% , Financial Preferred, PGF
-0.01% , Bond Treasury Short-Term iS, SHV
-0.03% , Mexico Index, EWW
-0.07% , Bond, 1-3 Year Treasury, SHY
-0.07% , Singapore Index, EWS
-0.12% , Preferred Stock iS, PFF
-0.14% , Pacific VIPERs, VPL
-0.20% , Gold Shares S.T., GLD
-0.22% , Bond, High-Yield Junk, JNK
-0.28% , Austria Index, EWO
-0.37% , Bond, High Yield Corp iBoxx iS, HYG
-0.37% , Silver Trust iS, SLV
-0.45% , Latin Am 40, ILF
-0.49% , Brazil Index, EWZ
-0.57% , Japan Index, EWJ
-0.59% , Russia MV, RSX
-0.62% , Bond, Intermediate US Aggregate iS, AGG
-0.62% , Bear, Short S&P 500, SH
-0.69% , Bond, Emerging Mkt JPM iS, EMB
-0.74% , Frontier Markets Guggenheim , FRN
-0.81% , Telecom DJ US, IYZ
-0.83% , REIT Wilshire, RWR
-0.86% , REIT VIPERs, VNQ
-0.91% , Bond, TIPS U.S. Treasury iS, TIP
-0.94% , Utilities VIPERs, VPU
-0.95% , Bond Ex-US Treas, BWX
-0.96% , Bond, Long-Term Corp iBoxx iS, LQD
-0.98% , Bond, Muni S&P ATM-Free iS, MUB
-1.00% , Real Estate US DJ iS, IYR
-1.05% , Switzerland Index, EWL
-1.12% , Realty Cohen & Steers, ICF
-1.16% , Utilities SPDR, XLU
-1.17% , Bond, 10 Year Treasury, IEF
-1.76% , Chile MSCI iS, ECH
-2.45% , Turkey MSCI iS, TUR
-2.54% , Bond, 20+ Years Treasury, TLT
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The S&P 500 Composite Potential Resistance
1687.18, intraday high of 5/22/2013

The S&P 500 Composite Potential Support
1635.53, intraday low of 5/23/2013
1622.70, intraday low of 5/8/2013
1594.16, 50-day SMA
1536.03, low of 4/18/2013
1485.01, low of 2/26/2013
1486.20, 200-day SMA
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
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