Crude Oil, United States Oil ETF (USO) price broke out above its highs of the previous 15 years on 8/27/13.
U.S. stock market price indexes gapped down on the open on Tuesday and stair-stepped ever lower all day long into a weak close. The S&P 500 Composite Index (SPX: 1,630.48, down 1.59%) closed below the open, below the midpoint of the day’s high-low range, below the previous day’s close, below the previous 7 weeks’ closes, and further below its widely-watched 50-day SMA.
Popular short-term daily price momentum oscillators based on SPX, such as RSI(14) and MACD(12,26,9), turned down on Monday, fell harder on Tuesday, and currently appear to offer little encouragement of an upturn.
For the medium term, SPX is below its highs of May, June, July, and August, suggesting neutral/sideways price momentum at best.
NYSE total volume rose 36% to a level 1% below its 200-day SMA. Generally, rising volume confirms the direction (up or down) of a price move, but falling volume may indicate diminishing power behind a price trend, which can suggest a price reversal ahead.
The Cumulative Up-Down Volume Line fell below its lowest levels of the previous 7 weeks on Tuesday 8/27/13. The Cumulative Daily Advance-Decline on the NYSE fell mildly on Monday and more decisively on Tuesday. Previously, both Volume and Breadth lines failed to rise above their May highs when the S&P 500 rose to a new high at 1,709.67 on 8/2/13. Therefore, both Volume and Breadth warned of bearish divergence ahead of the downturn of the price indexes.
The Net Number of New Highs-Lows turned bearish again on Tuesday, that is, there were fewer New Highs than New Lows. Previously, the Net Number remained far below its May high at the August highs for the price indexes, thereby warning of bearish divergence ahead of the downturn of the price indexes.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) is systematically neutral. XLY/SPY whipsawed back down below its 50-day SMA on 8/23/13, thereby turning systematically neutral (from bullish). 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 down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish). Support: 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: 58.92 and 60.75.
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) is systematically neutral. XLF/SPY fell below its 50-day SMA on 8/7/13, thereby turning systematically neutral (from 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 fell below its 50-day SMA on 8/15/13, thereby turning systematically neutral (from bullish). Support: 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: 20.93, 24.50, and 28.17.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) is systematically bullish. XLV/SPY whipsawed back up above its 50-day SMA on 8/19/13, thereby turning systematically neutral (from bullish). Absolute price whipsawed back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish). Support: 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: 51.50.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) remains systematically 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 back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish). Support: 44.46, 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: 45.40 and 46.02.
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 fell below its 50-day SMA on 8/15/13, thereby turning systematically neutral (from bullish). Support 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) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) turned systematically neutral (from bearish) on 8/23/13 when XLE/SPY whipsawed back up above its 50-day SMA. Absolute price whipsawed back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish). Price peaked at 83.95 on 5/22/13. Support: 79.83, 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: 83.00, 83.96, and 91.42.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) rose above its highest levels of the previous 11 weeks on 8/23/13 and is systematically neutral. Absolute price remains systematically bullish. Support: 40.29, 39.96, 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: 41.68, 43.04, 45.21, and 46.54.
Technology (XLK) Neutral, Under Weight. The Relative Strength Ratio (XLK/SPY) turned systematically neutral (from bearish) on 8/13/13 when XLK/SPY crossed back up above its 50-day SMA. Absolute price whipsawed back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish). 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: 32.47, 34.85, 36.40, and 39.07.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (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 fell below its 50-day SMA on 8/15/13, thereby turning systematically neutral (from bullish). Price fell below its 200-day SMA on 8/16/13. Support: 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 39.81, 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 8/1/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new price highs. The action since then looks like a developing Secondary Reaction to the downside, however. On 8/27/13, both Averages fell below their lows of the previous 7 weeks, and the Transportation Average whipsawed back down below its 50-day SMAs again to confirm the Industrial Average, which has remained below its 50-day SMA every day since 8/15/13.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) turned systematically bullish on 8/26/13, when the 50-day SMA crossed above the 200-day SMA. QQQ/SPY rose above its highest levels of the past 6 months on 8/26/13.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) whipsawed back down below its 50-day SMA on 8/26/13, thereby turning systematically bearish (from neutral). The 50-day SMA remains below the 200-day SMA, and BKF/SPY fell below the lows of the previous 4 years on 8/7/13. BKF/SPY has underperformed since it peaked on 10/14/2010. This year, absolute 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) whipsawed back down below its 50-day SMA on 8/19/13, thereby turning systematically bearish (from neutral). The 50-day SMA remains far below the 200-day SMA, and EEM/SPY fell below the lows of the previous 4 years on 7/10/13. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. This year, absolute 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) crossed back above its 50-day SMA on 8/8/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains below the 200-day SMA. For nearly 6 years, from 11/27/07 to 7/9/13, EFA/SPY underperformed.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) whipsawed back down below its 50-day SMA on 8/20/13, thereby turning systematically bearish (from neutral). 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. Absolute price whipsawed back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish).
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. Absolute price whipsawed back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish).
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price remains systematically bearish. Momentum indicators RSI and MACD based on the TLT price are now pointing higher after plunging to extremely oversold levels at the June low. These indicators held above their June lows as price probed lower in July and August, thereby indicating bullish momentum divergence compared to price itself. Long term, the 33-year trend is still indicating rising bond prices. Support 102.11, 100.00, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 106.47, 107.63, 109.69, 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. Momentum indicators RSI and MACD based on the IEF price continue to show bullish momentum divergence compared to price itself. Long term, the 33-year trend is still indicating rising prices. Support 99.33, 98.19, 97.66, 91.94, 91.07, 88.12, 87.70, 87.49, 86.59, and 85.80. Resistance: 101.88, 102.27, 102.86, 107.62, 108.24, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) whipsawed back down below its 50-day SMA on 8/27/13, thereby turning systematically neutral (from bullish). Absolute price of JNK has been bearish most of the time since 7/16/13, when the 50-day SMA crossed below the 200-day SMA.
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 has been bearish most of the time since 2/22/13, when the 50-day SMA crossed below the 200-day SMA.
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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). UUP fell below its 200-day SMA on 8/2/13, and the 50-day SMA could be heading toward a possible bearish cross below the 200-day SMA in weeks ahead. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 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 rose above its highs of the previous 9 weeks and whipsawed above its 50-day SMA on 8/26/13, thereby turning systematically neutral (from bearish). Longer term, however, DBA fell below its lows of the past 3 years on 8/2/13 and has been trending down since peaking on 3/4/11.
Crude Oil, United States Oil ETF (USO) price broke out above its highs of the previous 15 months on 8/27/13, there by confirming its preexisting systematically bullish trend. Support 36.99, 36.35, 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 rose above its highs of the previous 11 weeks on 8/27/13. The GLD price trend turned systematically neutral (from bearish) on 8/12/13 when price rose above its 50-day SMA. The 50-day SMA remains well below the 200-day SMA. Support: 131.51, 123.55, 122.73, 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 rose above its highs of the previous 16 weeks on 8/27/13. SLV price trend turned systematically neutral (from bearish) on 8/12/13 when price rose above its 50-day SMA. The 50-day SMA remains well below the 200-day SMA. Support 22.02, 18.71, 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 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) rose above its highs of the previous 19 weeks on 8/26/13. SLV/GLD crossed back above its 50-day SMA on 8/9/13, thereby turning systematically neutral (from bearish). SLV underperformed GLD for more than 2 years from 4/28/11 to 7/30/13.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price crossed back above its 50-day SMA on 8/8/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains well below the 200-day SMA. Longer term, JJC price was in a persistent downtrend for more than 2 years from its peak of 61.69 on 2/14/11 to its low of 36.87 on 6/24/13. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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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
1.22% DBO Oil Fund PowerShares, DBO
2.20% MYY Short 100% MidCap 400, MYY
3.19% SDS Short 200% S&P 500 PS, SDS
2.40% USO Oil, Crude, U.S. Oil Fund, USO
2.31% DXD Short 200% Dow 30 PS, DXD
3.88% QID Short 200% QQQ PS, QID
1.88% PSQ Short 100% QQQ, PSQ
0.95% IAU Gold COMEX iS, IAU
1.61% SH Short 100% S&P 500, SH
1.26% TLT Bond, 20+ Years Treasury, TLT
1.16% DOG Short 100% Dow 30, DOG
0.66% NEE NextEra Energy Resources LLC
0.97% DBC Commodity Tracking, DBC
0.96% GLD Gold Shares S.T., GLD
0.43% LQD Bond, Corp, LQD
0.39% PPL PPL
0.56% BWX Bond Ex-US Treas, BWX
0.18% MRO MARATHON OIL
0.28% AEP AM ELEC POWER
0.87% CMCSA COMCAST HOLDINGS STK A
0.10% NI NISOURCE
0.24% DTE DTE ENERGY
0.55% SLV Silver Trust iS, SLV
0.09% DPS Dr Pepper Snapple Group
0.08% KO COCA COLA
0.01% SHV Bond Treasury Short-Term iS, SHV
0.02% PCG PG&E
0.02% VZ VERIZON COMMS
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.34% TUR Turkey MSCI iS, TUR
-5.66% EPI India Earnings WTree, EPI
-2.59% EZU EMU Europe Index, EZU
-4.95% THD Thailand MSCI iS, THD
-5.57% CIEN.O CIENA
-2.46% SOXX Semiconductor iS IGW, SOXX
-2.02% IGM Technology GS, IGM
-1.35% JCP JC PENNEY
-7.60% IDX Indonesia MV, IDX
-4.52% ISIL INTERSIL CORP
-3.59% HOT STARWOOD HOTELS
-5.71% PIN India PS, PIN
-3.36% JBL JABIL CIRCUIT
-2.23% IYF Financial DJ US, IYF
-5.31% AMD ADV MICRO DEV
-4.20% PRU PRUDENTIAL FINL
-2.94% EWM Malaysia Index, EWM
-4.36% MU.O MICRON TECH
-5.31% LXK LEXMARK INTL STK A
-3.44% PMTC.O PARAMETRIC
-2.50% EWQ France Index, EWQ
-2.59% VWO Emerging VIPERs, VWO
-2.88% HIG HARTFORD FINL
-3.28% SSO Ultra S&P500 Double, SSO
-3.30% XRX XEROX
-1.68% IYY LargeCap Blend Total Market DJ, IYY
-3.75% DB Deutsche Bank AG, DB
-1.55% EWT Taiwan Index, EWT
-3.13% LRCX LAM RESEARCH CORP
-3.70% QLGC QLOGIC
-1.66% IWF Growth 1000 Russell, IWF
-2.79% UNM UNUMPROVIDENT
-2.64% XLNX XILINX
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.40% Oil, Crude, U.S. Oil Fund, USO
1.61% Bear, Short S&P 500, SH
1.26% Bond, 20+ Years Treasury, TLT
1.22% Oil Fund PowerShares, DBO
0.97% Commodity Tracking, DBC
0.96% Gold Shares S.T., GLD
0.61% Bond, TIPS U.S. Treasury iS, TIP
0.57% Bond, 10 Year Treasury, IEF
0.56% Bond Ex-US Treas, BWX
0.55% Silver Trust iS, SLV
0.43% Bond, Long-Term Corp iBoxx iS, LQD
0.26% Bond, Intermediate US Aggregate iS, AGG
0.05% Bond, 1-3 Year Treasury, SHY
0.01% Bond Treasury Short-Term iS, SHV
0.00% Financial Preferred, PGF
0.00% Bond, Muni S&P ATM-Free iS, MUB
-0.05% Utilities VIPERs, VPU
-0.05% Utilities SPDR, XLU
-0.13% Preferred Stock iS, PFF
-0.30% Real Estate US DJ iS, IYR
-0.32% Energy Global, IXC
-0.33% Realty Cohen & Steers, ICF
-0.40% REIT Wilshire, RWR
-0.41% Bond, Emerging Mkt JPM iS, EMB
-0.48% Bond, High-Yield Junk, JNK
-0.49% REIT VIPERs, VNQ
-0.53% Consumer Staples SPDR, XLP
-0.61% Energy DJ, IYE
-0.62% Energy SPDR, XLE
-0.65% Bond, High Yield Corp iBoxx iS, HYG
-0.66% Energy VIPERs, VDE
-0.87% Agriculture DB PS, DBA
-0.95% Energy & Nat Res iS GS, IGE
-1.01% Australia Index, EWA
-1.07% Japan Index, EWJ
-1.07% Dividend International, PID
-1.12% Canada Index, EWC
-1.12% Pacific VIPERs, VPL
-1.14% Telecom DJ US, IYZ
-1.15% DIAMONDS (DJIA), DIA
-1.16% Pacific ex-Japan, EPP
-1.19% Dividend U.S. DJ iS, DVY
-1.19% Dividend High Yield Equity PS, PEY
-1.20% South Korea Index, EWY
-1.22% Hong Kong Index, EWH
-1.25% Brazil Index, EWZ
-1.28% Dividend Appreciation Vipers, VIG
-1.35% Dividend SPDR, SDY
-1.38% Dividend ex-U.S. DJ iS, IDV
-1.52% Russia MV, RSX
-1.53% LargeCap Blend S&P 100, OEF
-1.55% Taiwan Index, EWT
-1.57% Switzerland Index, EWL
-1.57% LargeCap Growth S&P 500 iS, IVW
-1.58% Global 100, IOO
-1.61% S&P 500 SPDRs LargeCap Blend, SPY
-1.61% LargeCap Blend S&P 500 iS, IVV
-1.62% Growth EAFE MSCI, EFG
-1.62% LargeCap Value S&P 500 iS, IVE
-1.62% Growth VIPERs, VUG
-1.62% LargeCap Value Russell 1000 iS, IWD
-1.62% Value VIPERs, VTV
-1.62% Health Care SPDR, XLV
-1.63% LargeCap VIPERs, VV
-1.63% Consumer Discretionary SPDR, XLY
-1.66% LargeCap Growth Russell 1000 iS, IWF
-1.67% Global LargeCap Blend MSCI iS, ACWI
-1.68% United Kingdom Index, EWU
-1.69% China 25 iS, FXI
-1.70% Value EAFE MSCI, EFV
-1.70% Foreign LargeCap EAFE MSCI iS, EFA
-1.70% Global ex U.S. LargeCap Blend, ACWX
-1.71% Emerging 50 BLDRS, ADRE
-1.73% LargeCap Blend Russell 1000 iS, IWB
-1.74% Value LargeCap Dynamic PS, PWV
-1.75% Technology SPDR, XLK
-1.76% LargeCap Blend Russell 3000 iS, IWV
-1.76% Materials SPDR, XLB
-1.77% Sweden Index, EWD
-1.77% Latin Am 40, ILF
-1.77% Blend Total Market VIPERs, VTI
-1.79% Mexico Index, EWW
-1.82% Growth MidCap Russell, IWP
-1.85% MidCap Russell, IWR
-1.87% Value MidCap Russell, IWS
-1.87% LargeCap Blend S&P=Weight R, RSP
-1.89% Water Resources, PHO
-1.95% Europe 350 S&P Index, IEV
-1.96% Basic Materials DJ US, IYM
-1.98% SmallCap Blend EAFE MSCI iS, SCZ
-2.00% MidCap Value S&P 400 iS, IJJ
-2.02% Frontier Markets Guggenheim , FRN
-2.02% Industrial SPDR, XLI
-2.05% QQQ Nasdaq 100 Trust, QQQ
-2.07% Singapore Index, EWS
-2.09% MidCap Blend S&P 400 iS, IJH
-2.11% SmallCap Value Russell 2000 iS, IWN
-2.12% MidCap S&P 400 SPDRs, MDY
-2.12% SmallCap Blend S&P 600 iS, IJR
-2.14% European VIPERs, VGK
-2.14% Value SmallCap VIPERS, VBR
-2.15% Info Tech VIPERs, VGT
-2.15% Small Cap VIPERs, VB
-2.16% MidCap Growth S&P 400 iS, IJK
-2.17% Technology DJ US, IYW
-2.22% Homebuilders SPDR, XHB
-2.23% Financial DJ US, IYF
-2.24% SmallCap Value S&P 600 iS, IJS
-2.25% Financials VIPERs, VFH
-2.25% South Africa Index, EZA
-2.26% Growth SmallCap VIPERs, VBK
-2.29% Emerging Markets MSCI iS, EEM
-2.29% SmallCap Growth S&P 600 iS, IJT
-2.30% Germany Index, EWG
-2.35% SmallCap Blend Russell 2000 iS, IWM
-2.39% Microcap Russell, IWC
-2.43% Financial SPDR, XLF
-2.46% Italy Index, EWI
-2.46% Semiconductor iS IGW, SOXX
-2.50% Networking, IGN
-2.50% France Index, EWQ
-2.52% Austria Index, EWO
-2.56% SmallCap Growth Russell 2000 iS, IWO
-2.56% China LargeCap Growth G D H USX PS, PGJ
-2.59% EMU Europe Index, EZU
-2.59% Emerging VIPERs, VWO
-2.60% Netherlands Index, EWN
-2.68% Financial Services DJ, IYG
-2.73% Transportation Av DJ, IYT
-2.77% Belgium Index, EWK
-2.93% Chile MSCI iS, ECH
-2.93% Metals & Mining SPDR, XME
-2.94% Malaysia Index, EWM
-2.96% Capital Markets KWB ST, KCE
-2.97% Semiconductor SPDR, XSD
-3.54% Spain Index, EWP
-3.68% WilderHill Clean Energy PS, PBW
-3.83% Biotech SPDR, XBI
-4.95% Thailand MSCI iS, THD
-5.66% India Earnings WTree, EPI
-5.71% India PS, PIN
-6.34% Turkey MSCI iS, TUR
-7.60% Indonesia MV, IDX
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1709.67, high of 8/2/2013
1696.81, high of 8/13/2013
1676.03, low of 7/26/2013
1671.84, low of 7/16/2013
1659.84, 50-day SMA
1658.59, low of 8/15/2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1652.62, Fib 38.2% of Jun-Aug 2013
1652.61, low of 8/16/2013
1639.43, low of 8/21/2013
1638.72, Fib 61.8% of May-June 2013
1635.00, Fib 50.0% of Jun-Aug 2013
The S&P 500 Composite Potential Support
1617.38, Fib 61.8% of Jun-Aug 2013
1606.04, Fib 23.6% of Nov-May 2013
1592.29, Fib 78.6% of Jun-Aug 2013
1560.33, low of 6/24/2013
1558.32, 200-day SMA
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
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
