U.S. stock market price indexes remain in obvious uptrends. On Monday, the S&P 500 Composite Index (SPX: 1,695.53) rose 0.20% to another new all-time closing price high. Simple trend following has enjoyed an unusual winning streak.
NYSE total volume fell 16% to a level 20% below its 200-day SMA. Volume is also substantially below levels on the same date (that is, July 22nd) for each of the past 3 years, so the current unusually low level cannot be explained by seasonal patterns, such as summer vacations. Rising volume on a price move confirms the direction (up or down) of that price move, but falling volume may indicate diminishing power behind that move, which can suggest a price reversal ahead.
The Cumulative Up-Down Volume Line and the Cumulative Daily Advance-Decline on the NYSE both rose again but remain below their May highs, thereby diverging bearishly. In addition, the Net Number of New Highs-Lows remains far below its May high, thereby diverging bearishly.
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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) is currently bullish. XLF/SPY rose above its 50-day SMA on 4/23/13, thereby turning systematically bullish. Longer term, although the XLF/SPY has moderately outperformed since the bottom on 3/6/09, it has substantially underperformed over the past 9 years, since 3/23/04, and the secular trend may be bearish still. Absolute price whipsawed back above the 50-day SMA on 6/26/13, thereby turning systematically bullish (from neutral). Support: 20.27, 19.34, 18.58, 18.48, 17.75, 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: 24.50 and 28.17.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) is currently bullish. XLY/SPY turned systematically bullish (from neutral) on 6/13/13, when it whipsawed back above the 50-day SMA. 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 whipsawed back above the 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral). Support: 59.03, 58.23, 56.50, 53.96, 52.32, 51.95, 51.46, 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: 59.90.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) is currently bullish. XLV/SPY whipsawed back up above its 50-day SMA on 7/19/13, thereby turning systematically bullish again (from neutral). In a broader context, XLV clearly has underperformed SPY since the XLV/SPY ratio peaked on 4/22/13. Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 49.52, 47.18, 46.45, 46.02, 44.22, 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: none.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) is currently bullish. XLI/SPY whipsawed back up above its 50-day SMA on 7/18/13, thereby turning systematically bullish again (from neutral). Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 44.66, 42.63, 41.37, 40.90, 40.02, 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: none.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) remains systematically bearish. XLP/SPY has been relatively weak since the XLP/SPY ratio peaked on 4/19/13. Long term, XLP/SPY underperformed since the XLP/SPY ratio peaked on 11/20/2008. Absolute price turned systematically bullish (from neutral) on 7/9/13, when it rose above its 50-day SMA. Support 41.13, 38.87, 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: 41.88 and 42.20.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) is currently systematically neutral. XLE/SPY whipsawed back up above its 50-day SMA on 7/19/13, thereby turning systematically neutral again (from bearish). Long term, XLE/SPY has been trending down since the XLE/SPY ratio peaked on 3/30/11. Absolute price rose above its 50-day SMA on 7/8/13, thereby turning systematically bullish (from neutral). Support: 80.82, 78.34, 76.02, 73.51, 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: 83.95 and 91.42.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) remains systematically bearish. XLK/SPY has been trending down since it peaked on 4/10/12. Absolute price has been systematically neutral most of the time in recent weeks, after peaking at 32.21 on 5/20/13. Support: 31.07, 29.94, 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: 32.31, 34.85, 36.40, and 39.07.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) remains systematically bearish. XLB/SPY fell to its lowest level in 6 years on 7/5/13, thereby confirming its long-term major downtrend. The XLB/SPY ratio has been trending down since it peaked on 6/23/2008. Absolute price whipsawed back up above its 50-day SMA on 7/17/13, thereby turning systematically bullish again (from neutral). Support: 39.66, 37.78, 37.10, 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: 40.74, 41.10, 41.61, 43.04, 45.21, and 46.54.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) remains systematically bearish. XLU/SPY fell to its lowest level in 8 years on 7/5/13 and has been trending down since the XLU/SPY ratio peaked on 11/21/2008. Absolute price rose above its 50-day SMA on 7/11/13, thereby turning systematically bullish (from neutral). Support: 38.86, 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 40.55, 41.44, 41.98, and 44.66.
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Stock Market Indicators
The Dow Theory reconfirmed a Primary Tide Bull Market on 7/18/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new price highs.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) turned systematically bearish again (from neutral) on 7/19/13, when it crossed back down below its own 50-day SMA. QQQ/SPY has underperformed since it peaked on 4/10/12.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its major downtrend. BKF/SPY turned systematically bearish on 3/27/13, when the 50-day SMA crossed below the 200-day SMA. 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 has underperformed since the ratio peaked on 10/14/2010. Price peaked at 42.29 on 2/1/13 and fell to a 20-month low on 6/24/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its preexisting major downtrend. EEM/SPY turned systematically bearish on 3/20/13, when the 50-day SMA fell below the 200-day SMA. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. Price peaked at 45.34 on 1/2/13 and fell to a 19-month low on 6/24/13, confirming its bearish major trend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 10 years on 7/9/13, again reconfirming its preexisting major downtrend. EFA/SPY has underperformed since the ratio peaked on 11/27/2007.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) remains systematically bearish. OEF/SPY has been in a down trend since 9/24/12. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other hand, 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.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. IWM/SPY has been rising since 5/1/13. Longer term, IWM/SPY has underperformed since the ratio peaked on 4/5/11. Absolute price crossed back above its 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral).
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. MDY/SPY has been rising since 6/21/13. Longer term, MDY/SPY has underperformed slightly since the ratio peaked on 4/5/11. Absolute price crossed back above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral).
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price remains systematically bearish but may be turning upward. Momentum indicators RSI and MACD based on the TLT price now are rising and show bullish divergence compared to price itself. An oversold bounce seems overdue after an unusually persistent selling wave from 5/1/13 to 7/5/13. Long term, the 33-year trend is still indicating rising bond prices. Support 106.17, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 110.80, 114.77, 118.94, 121.32, 124.26, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) price remains systematically bearish but may be turning upward. Momentum indicators RSI and MACD based on the IEF price now are rising and show bullish divergence compared to price itself. An oversold bounce seems overdue after an unusually persistent selling wave from 5/1/13 to 7/5/13. Long term, the 33-year trend is still indicating rising prices. Support 100.45, 100.31, 99.79, and 97.66. Resistance: 107.62, 108.24, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) has been systematically bullish since 5/3/13, when the ratio crossed above its 50-day SMA. Absolute price of JNK has been in a rising trend since 6/24/13.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) turned systematically neutral (from bearish) on 7/16/13, when it crossed above the 50-day SMA. Absolute price of TIP peaked at 123.44 on 12/6/12 and remains systematically bearish.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) whipsawed back down below its 50-day SMA on 7/16/13, thereby turning systematically neutral again (from bullish). Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.38, 21.82, 21.53, 21.07, and 20.84. Resistance 22.98, 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 past 2 years on 7/5/13 and remains systematically bearish. Price has been trending down since peaking on 3/4/11.
Crude Oil, United States Oil ETF (USO) price remains in a bullish trend. Support 36.88, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price trend remains systematically bearish. Price fell below its lows of the previous 2 years on 6/28/13, thereby reconfirming its preexisting major bearish trend. GLD has been down trending since peaking at 185.85 on 9/6/11. Support: 114.68, 113.08 and 102.28. Resistance: 137.62, 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) has stayed systematically bearish most of the time since 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 trend remains systematically bearish. Price fell below its lows of the previous 2 years on 6/27/13, again reconfirming its preexisting major bearish trend. The trend has been bearish since price peaked at 48.35 on 4/28/11. Support 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 20.53, 22.65, 23.70, 25.34, 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 7/19/13, again reconfirming its major downtrend. SLV/GLD remains systematically bearish. SLV has underperformed GLD since SLV price peaked at 48.35 on 4/28/11.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) fell below its lows of the previous 2 years on 6/24/13, again reconfirming its major downtrend. The JJC price trend has been bearish since price peaked 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
0.47% , IYH , Healthcare DJ, IYH
4.16% , JNY , JONES APPAREL
4.71% , SLV , Silver Trust iS, SLV
6.02% , SIL , Silver Miners Global X, SIL
1.75% , THD , Thailand MSCI iS, THD
3.91% , LXK , LEXMARK INTL STK A
0.24% , IWW , Value LargeCap Russell 3000, IWW
3.62% , BSX , BOSTON SCIENT
1.32% , ADRE , Emerging 50 BLDRS, ADRE
0.96% , EPP , Pacific ex-Japan, EPP
2.34% , GRMN , GARMIN LTD
1.79% , EZA , South Africa Index, EZA
1.99% , DB , Deutsche Bank AG, DB
0.36% , IYW , Technology DJ US, IYW
0.64% , IYF , Financial DJ US, IYF
0.78% , RZV , Value SmallCap S&P 600, RZV
1.29% , PMCS , PMC SIERRA
0.92% , APD , AIR PRODS & CHEM
0.34% , VOX , Telecom Services VIPERs, VOX
2.07% , FCX , FREEPRT MCMORAN STK B
0.10% , IYJ , Industrial LargeCap Blend DJ US, IYJ
1.96% , MNST , Monster Beverage, MNST
1.86% , RF , REGIONS FINAN
1.08% , BLL , BALL
0.64% , WAT , WATERS
0.61% , VFH , Financials VIPERs, VFH
0.58% , SJM , J. M. Smucker
0.49% , PBE , Biotech & Genome, PBE
0.47% , VHT , Health Care VIPERs, VHT
0.48% , EWU , United Kingdom Index, EWU
0.71% , RL , Polo Ralph Lauren
2.48% , EMR , EMERSON ELECTRIC
0.49% , VGK , European VIPERs, VGK
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.68% , MCD , MCDONALDS
-4.29% , YHOO , YAHOO
-4.56% , RSH , RADIOSHACK
-0.31% , IYE , Energy DJ, IYE
-0.15% , EMB , Bond EmrgMkt JPM iS, EMB
-0.99% , NFLX , Netflix, NFLX
-2.34% , CHKP , Check Point Software Technologies Ltd
-1.86% , GCI , GANNETT
-1.86% , RAI , Reynolds American
-1.35% , JCP , JC PENNEY
-1.48% , MTG , MGIC INVESTMENT
-0.71% , CTB , COOPER TIRE
-0.83% , SRE , SEMPRA ENERGY
-2.48% , NE , NOBLE
-1.64% , HAL , HALLIBURTON
-1.82% , KMB , KIMBERLY CLARK
-0.87% , AVY , AVERY DENNISON
-1.56% , RHI , ROBERT HALF
-0.01% , SHV , Bond Treasury Short-Term iS, SHV
-0.08% , MCK , MCKESSON CORP
-0.57% , SIAL , SIGMA ALDRICH
-0.36% , AEE , AMEREN
-0.91% , DELL , DELL
-0.28% , RIG , TRANSOCEAN
-0.96% , BIDU , Baidu, Inc., BIDU
-0.01% , VCR , Consumer D. VIPERs, VCR
-0.05% , DOV , DOVER
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
4.71% , Silver Trust iS, SLV
2.98% , Gold Shares S.T., GLD
1.85% , Brazil Index, EWZ
1.79% , South Africa Index, EZA
1.76% , Latin Am 40, ILF
1.75% , Thailand MSCI iS, THD
1.63% , Metals & Mining SPDR, XME
1.41% , Taiwan Index, EWT
1.37% , Singapore Index, EWS
1.37% , WilderHill Clean Energy PS, PBW
1.32% , Emerging 50 BLDRS, ADRE
1.14% , Malaysia Index, EWM
1.11% , Italy Index, EWI
1.06% , Emerging VIPERs, VWO
1.01% , Emerging Markets MSCI iS, EEM
0.96% , Pacific ex-Japan, EPP
0.90% , Spain Index, EWP
0.89% , Indonesia MV, IDX
0.86% , Mexico Index, EWW
0.85% , Hong Kong Index, EWH
0.84% , Capital Markets KWB ST, KCE
0.80% , Financial Services DJ, IYG
0.76% , Australia Index, EWA
0.75% , Canada Index, EWC
0.73% , France Index, EWQ
0.72% , India Earnings WTree, EPI
0.70% , Bond Ex-US Treas, BWX
0.68% , Financial SPDR, XLF
0.64% , Financial DJ US, IYF
0.63% , Microcap Russell, IWC
0.63% , Dividend ex-U.S. DJ iS, IDV
0.62% , Netherlands Index, EWN
0.61% , Financials VIPERs, VFH
0.61% , Global ex U.S. LargeCap Blend, ACWX
0.60% , SmallCap Blend EAFE MSCI iS, SCZ
0.56% , South Korea Index, EWY
0.56% , Value EAFE MSCI, EFV
0.56% , Foreign LargeCap EAFE MSCI iS, EFA
0.54% , Switzerland Index, EWL
0.49% , Health Care SPDR, XLV
0.49% , Telecom DJ US, IYZ
0.49% , SmallCap Value Russell 2000 iS, IWN
0.49% , European VIPERs, VGK
0.48% , Europe 350 S&P Index, IEV
0.48% , United Kingdom Index, EWU
0.46% , EMU Europe Index, EZU
0.46% , Water Resources, PHO
0.46% , India PS, PIN
0.46% , Pacific VIPERs, VPL
0.43% , REIT Wilshire, RWR
0.42% , MidCap Growth S&P 400 iS, IJK
0.41% , Value LargeCap Dynamic PS, PWV
0.40% , Realty Cohen & Steers, ICF
0.40% , Frontier Markets Guggenheim , FRN
0.37% , Basic Materials DJ US, IYM
0.37% , SmallCap Value S&P 600 iS, IJS
0.37% , MidCap Blend S&P 400 iS, IJH
0.36% , Global LargeCap Blend MSCI iS, ACWI
0.36% , Technology DJ US, IYW
0.34% , Global 100, IOO
0.34% , MidCap S&P 400 SPDRs, MDY
0.33% , MidCap Value S&P 400 iS, IJJ
0.33% , Value MidCap Russell, IWS
0.32% , Energy Global, IXC
0.32% , LargeCap Blend S&P 100, OEF
0.31% , Info Tech VIPERs, VGT
0.31% , Growth EAFE MSCI, EFG
0.30% , REIT VIPERs, VNQ
0.30% , Technology SPDR, XLK
0.29% , QQQ Nasdaq 100 Trust, QQQ
0.29% , Real Estate US DJ iS, IYR
0.28% , MidCap Russell, IWR
0.28% , Value VIPERs, VTV
0.28% , Agriculture DB PS, DBA
0.27% , Value SmallCap VIPERS, VBR
0.27% , Energy & Nat Res iS GS, IGE
0.27% , Dividend High Yield Equity PS, PEY
0.27% , LargeCap Blend Russell 1000 iS, IWB
0.26% , Small Cap VIPERs, VB
0.25% , Japan Index, EWJ
0.24% , LargeCap Value Russell 1000 iS, IWD
0.24% , LargeCap Blend Russell 3000 iS, IWV
0.24% , SmallCap Blend S&P 600 iS, IJR
0.24% , Growth SmallCap VIPERs, VBK
0.23% , Dividend International, PID
0.23% , Bond, Long-Term Corp iBoxx iS, LQD
0.22% , Bond, High-Yield Junk, JNK
0.22% , China LargeCap Growth G D H USX PS, PGJ
0.22% , Blend Total Market VIPERs, VTI
0.22% , LargeCap Blend S&P=Weight R, RSP
0.21% , LargeCap Value S&P 500 iS, IVE
0.21% , SmallCap Blend Russell 2000 iS, IWM
0.21% , Growth MidCap Russell, IWP
0.21% , Biotech SPDR, XBI
0.20% , SmallCap Growth S&P 600 iS, IJT
0.20% , S&P 500 SPDRs LargeCap Blend, SPY
0.18% , LargeCap Growth Russell 1000 iS, IWF
0.18% , SmallCap Growth Russell 2000 iS, IWO
0.18% , LargeCap Growth S&P 500 iS, IVW
0.17% , LargeCap VIPERs, VV
0.16% , LargeCap Blend S&P 500 iS, IVV
0.15% , Bond, 20+ Years Treasury, TLT
0.14% , Chile MSCI iS, ECH
0.13% , Bond, Intermediate US Aggregate iS, AGG
0.12% , Sweden Index, EWD
0.12% , China 25 iS, FXI
0.11% , Germany Index, EWG
0.11% , Russia MV, RSX
0.10% , Materials SPDR, XLB
0.10% , Growth VIPERs, VUG
0.09% , Dividend U.S. DJ iS, DVY
0.09% , Semiconductor SPDR, XSD
0.09% , Dividend SPDR, SDY
0.07% , Bond, High Yield Corp iBoxx iS, HYG
0.07% , Industrial SPDR, XLI
0.04% , Dividend Appreciation Vipers, VIG
0.03% , Networking, IGN
0.00% , Bond, 1-3 Year Treasury, SHY
-0.01% , DIAMONDS (DJIA), DIA
-0.01% , Bond Treasury Short-Term iS, SHV
-0.01% , Bond, 10 Year Treasury, IEF
-0.01% , Utilities VIPERs, VPU
-0.04% , Bond, TIPS U.S. Treasury iS, TIP
-0.06% , Austria Index, EWO
-0.07% , Consumer Discretionary SPDR, XLY
-0.07% , Turkey MSCI iS, TUR
-0.08% , Commodity Tracking, DBC
-0.08% , Transportation Av DJ, IYT
-0.10% , Utilities SPDR, XLU
-0.14% , Bear, Short S&P 500, SH
-0.15% , Bond, Emerging Mkt JPM iS, EMB
-0.20% , Semiconductor iS IGW, SOXX
-0.21% , Energy VIPERs, VDE
-0.22% , Consumer Staples SPDR, XLP
-0.22% , Oil Fund PowerShares, DBO
-0.29% , Homebuilders SPDR, XHB
-0.31% , Energy DJ, IYE
-0.32% , Energy SPDR, XLE
-0.36% , Preferred Stock iS, PFF
-0.39% , Financial Preferred, PGF
-0.42% , Belgium Index, EWK
-0.66% , Bond, Muni S&P ATM-Free iS, MUB
-1.38% , Oil, Crude, U.S. Oil Fund, USO
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The S&P 500 Composite Potential Resistance
1697.61, high of 7/22/2013
The S&P 500 Composite Potential Support
1687.18, high of 5/22/2013
1671.84, low of 7/16/2013
1660.03, Fib 78.6% of May-June 2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1638.72, Fib 61.8% of May-June 2013
1640.96, 50-day SMA
1606.04, Fib 23.6% of Nov-May 2013
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1526.10, 200-day SMA
1515.27, Fib 50% of Nov-May 2013
1485.01, low of 2/26/2013
1474.69, Fib 61.8% of Nov-May 2013
1474.51, high of 9/14/2012
1468.82, Fib 78.6% of 2009-13 range
1451.64, low on 1/8/2013
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
1416.93, Fib 79.6% of Nov-May 2013
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
1297.39, Fib 61.8% of 2009-13 range
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
1176.99, Fib 50% of 2009-13 range
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1056.58, Fib 38.2% of 2009-13 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
907.60, Fib 23.6% of 2009-13 range
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
