U.S. dollar ETF (UUP) price fell below its lows of the previous 23 months on 10/22/13, thereby confirming a major downtrend.
Crude Oil, United States Oil ETF (USO) price fell below its lows of the previous 3 months on 10/22/13, thereby confirming a medium-term downtrend.
Silver, iShares Silver Trust ETF (SLV) price whipsawed back up above its 50-day SMA on 10/22/13, thereby turning systematically neutral (from bearish).
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price rose above its highs of the previous 3 months on 10/22/13, thereby confirming a medium-term uptrend.
Technology (XLK) stock sector ETF Relative Strength Ratio (XLK/SPY) turned systematically bearish (from neutral) on 10/22/13 by whipsawing back down below its 50-day SMA.
Financial (XLF) stock sector ETF Relative Strength Ratio (XLF/SPY) fell below its 50-day SMA on 10/22/13, thereby turning systematically neutral (from bullish).
The S&P 500 Composite Index (SPX: 1,754.67, up 0.57%) absolute price opened higher and added to overnight gains in the first 52 minutes on Tuesday morning. Prices turned choppy for the balance of the day but still managed to close above the open, above the midpoint of the day’s high-low range, and at a new all-time high.
Momentum oscillators RSI and MACD based on the S&P 500 remain divergent below previous highs for the year.
Although the Dow-Jones Transportation Average rose to a new high on 10/22/13, the Dow-Jones Industrial Average remained 1.33% below its high of 9/18/13. And so, the Industrial Average is diverging bearishly and not confirming the bullish trend of the Transportation Average.
NYSE total volume rose 24% to a level 4% above 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.
Both the Cumulative Up-Down Volume Line and the Cumulative Daily Advance-Decline Line on the NYSE rebounded on Tuesday and remain systematically bullish, above 50- and 200-day day SMAs. Although the Advance-Decline Line rose above previous highs to confirm the higher high for the S&P 500 Composite Stock Price Index, the Up-Down Volume Line failed to rise above its previous all-time price high, thereby signaling bearish divergence, which does not support probabilities of a sustainable stock market uptrend.
A new all-time closing price high clearly means that S&P 500 absolute price trends in all time frames were confirmed as bullish, strictly speaking. The SPX made similar higher highs in July, August, and September, however, only to slip back below the May high each time. So, a new high alone is not necessarily a signal for clear sailing ahead. Although absolute price is higher, the market has lost considerable upside momentum over the past few months, possibly due to concerns other than the obvious US political crisis that has dominated the news headlines. (Technical traders need not be concerned with excuses, explanations, and rationales as to why something may be happening, because we know that the full truth is often revealed only after prices already have made their move.) A new high quickly followed by another sharp downside reversal like September’s is something we watch out for because it might suggest trend exhaustion. Momentum divergences, low trading volume, excessive bullish sentiment, and prospects for continuing dysfunctional political games remain significant obstacles to a sustainable upside trend.
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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) remains systematically bullish, above its 50-day and 200-day SMAs since 9/10/13. The 50-day SMA has held consistently above the 200-day SMA since 12/16/11. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 58.45, 57.31, 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: none.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) is systematically neutral again. XLV/SPY whipsawed back down below its 50-day SMA on 10/21/13, thereby turning systematically neutral again (from bullish). Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 49.58, 48.82, 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) whipsawed back up above its 50-day SMA on 10/18/13, thereby turning systematically bullish (from neutral). Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 45.09, 43.93, 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.
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below its 50-day SMA on 10/22/13, 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 whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 19.48, 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.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) turned systematically neutral (from bearish) on 8/8/13 when XLB/SPY crossed back up above its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 41.08, 40.18, 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: 45.21 and 46.54.
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 up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 81.31, 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: 91.42.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) turned systematically bearish (from neutral) on 10/22/13 by whipsawing back down below its 50-day SMA. XLK/SPY remains below its 200-day SMA, and the 50 has remained below the 200 consistently since 11/6/12. XLK/SPY fell to its lowest level in 4 years on 7/23/13 and has been trending down since the XLK/SPY ratio peaked on 4/10/12. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 31.38, 31.29, 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: 33.57, 34.85, 36.40, and 39.07.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) remains systematically bearish. XLP/SPY has been relatively weak since it peaked on 4/19/13. Absolute price remains below its 2013 high at 42.20 set on 5/15/13 but is currently systematically bullish above its 50-day SMA and 200-day SMA. Support 39.56, 39.05, 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: 42.20.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) remains systematically bearish. XLU/SPY has been relatively weak since it peaked on 4/19/13. Absolute price remains below its high at 41.44 set on 4/30/13 and is currently systematically neutral with its 50-day SMA below the 200-day SMA. 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 a month ago, on 9/18/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new closing price highs. The day-to-day Minor Ripple trend has turned uncertain since then, however. Although the Dow-Jones Transportation Average rose to a new high on 10/22/13, the Dow-Jones Industrial Average remained 1.33% below its high of 9/18/13. And so, the Industrial Average is diverging bearishly and not confirming the bullish trend of the Transportation Average.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) rose to its highest level in 11 months on 10/21/13. QQQ/SPY turned systematically bullish on 8/26/13, when the 50-day SMA crossed above the 200-day SMA. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral).
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) whipsawed back up above its 50-day SMA on 8/30/13, thereby turning systematically neutral (from bearish). 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. Absolute price of BKF peaked at 42.29 on 2/1/13, fell to a 20-month low at 32.62 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish). 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 of EEM peaked at 45.34 on 1/2/13, fell to a 19-month low of 36.16 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) whipsawed back up above its 50-day SMA on 9/3/13, 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. Absolute price of EFA rose above its 50-day SMA on 9/3/13, thereby turning systematically bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) whipsawed back down below its 50-day SMA on 9/24/13, 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) turned systematically bullish (from neutral) on 9/3/13 and rose above its highs of the past 18 months on 10/1/13 to confirm its preexisting bullish trend. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral).
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) turned systematically bullish (from neutral) on 9/24/13 and rose above its highs of the past 27 months on 10/1/13 to confirm its preexisting bullish trend. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral).
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price rose above its highs of the previous 3 months on 10/22/13, thereby confirming a medium-term uptrend. TLT price turned systematically neutral (from bearish) on 10/16/13 when it whipsawed back above its 50-day SMA. Momentum indicators RSI and MACD based on the TLT price held above their June lows as price fell to lower lows in August, thereby indicating bullish momentum divergence compared to price itself. Long term, the 33-year trend is still indicating rising bond prices. Support 104.27, 102.11, 100.00, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 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 rose above its highs of the previous 3 months on 10/22/13, thereby confirming a medium-term uptrend. IEF price turned systematically neutral (from bearish) on 9/18/13 when it whipsawed back above its 50-day SMA. Momentum indicators RSI and MACD based on the IEF price held above their June lows as price fell to lower lows in August and September, thereby continuing to demonstrate bullish momentum divergence compared to price itself. Long term, the 33-year trend is still indicating rising prices. Support 98.60, 98.19, 97.66, 91.94, 91.07, 88.12, 87.70, 87.49, 86.59, and 85.80. 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) whipsawed back down below its 50-day SMA on 10/16/13, thereby turning systematically neutral (from bullish). Absolute price has remained systematically neutral most of the time since peaking at 41.95 on 5/8/13.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) has been whipsawing around the 50-day SMA since 7/16/13, going from bearish to neutral and back again. Currently, it is systematically bearish. Absolute price of TIP rose above its 50-day SMA on 9/18/13, thereby turning systematically neutral (from bearish).
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price fell below its lows of the previous 23 months on 10/22/13, thereby confirming a major downtrend. Price turned systematically bearish (from neutral) on 9/12/13 when its 50-day SMA crossed below its 200-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.07 and 20.84. Resistance 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price turned systematically neutral (from bearish) on 8/26/13, when it rose above its 50-day SMA. DBA price was in a cyclical bear market for 29 months from a peak at 35.58 on 3/4/11 to a low of 24.36 on 8/2/13.
Crude Oil, United States Oil ETF (USO) price fell below its lows of the previous 3 months on 10/22/13, thereby confirming a medium-term downtrend. Price whipsawed back down below its 50-day SMA on 9/20/13, thereby turning systematically neutral again (from bullish). Support 35.53, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 39.54, 39.64, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price whipsawed back down below its 50-day SMA on 9/20/13, thereby turning systematically bearish again (from neutral). 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 absolute price peaked at 66.98 on 9/9/11. Longer term, GDX/GLD has remained mostly bearish for more than 7 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price whipsawed back up above its 50-day SMA on 10/22/13, thereby turning systematically neutral (from bearish). Support 19.88, 18.71, 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 23.84, 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) whipsawed back up above its 50-day SMA on 10/21/13, 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 whipsawed back up above its 50-day SMA on 10/21/13, thereby turning systematically neutral (from bearish). 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
8.84% , AA , ALCOA
5.97% , RIG , TRANSOCEAN
5.03% , FRX , FOREST LABS STK A
1.71% , ECH , Chile MSCI iS, ECH
11.62% , WHR , WHIRLPOOL
1.27% , IYM , Basic Materials DJ US, IYM
7.68% , GNTX , Gentex Corporation
3.77% , FCX , FREEPRT MCMORAN STK B
1.47% , CS , Credit Suisse Group, CS
0.69% , IXG , Financials Global LargeCap Value, IXG
2.02% , EZA , South Africa Index, EZA
2.36% , XHB , Homebuilders SPDR, XHB
4.19% , KMB , KIMBERLY CLARK
1.68% , AON , AON
4.11% , MAS , MASCO
3.49% , NEM , NEWMONT MINING
1.80% , IAU , Gold COMEX iS, IAU
2.98% , EA.O , ELECTRONIC ARTS
2.21% , WMB , WILLIAMS
2.54% , OMC , OMNICOM
1.00% , DVY , Dividend DJ Select, DVY
1.51% , EWM , Malaysia Index, EWM
2.66% , DISCA , Discovery Communications
6.17% , LXK , LEXMARK INTL STK A
1.78% , RL , Polo Ralph Lauren
1.68% , CAT , CATERPILLAR
2.21% , CLX , CLOROX
1.28% , XLU , Utilities SPDR, XLU
1.66% , CVS , CVS
1.72% , GLW , CORNING
2.15% , SLV , Silver Trust iS, SLV
1.79% , FDX , FEDEX
4.21% , LEN , Lennar Corp. (LEN)
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.66% , ZION , ZIONS
-7.53% , COH , COACH
-9.15% , NFLX , Netflix, NFLX
-6.01% , WAT , WATERS
-3.25% , STT , STATE STREET
-4.75% , EMC , EMC
-3.59% , RF , REGIONS FINAN
-2.26% , NTAP , NETWK APPLIANCE
-1.47% , PGR , PROGRESSIVE OHIO
-5.64% , AMD , ADV MICRO DEV
-2.66% , ISIL , INTERSIL CORP
-3.30% , MPEL , Melco Crown Entertainment, MPEL
-1.81% , WYNN , Wynn Resorts L
-1.47% , USO , Oil, Crude, U.S. Oil Fund, USO
-1.38% , UTX , UNITED TECH
-1.19% , CAH , CARDINAL HEALTH
-1.87% , A , AGILENT TECH
-0.29% , IYW , Technology DJ US, IYW
-1.22% , CSCO , CISCO SYSTEMS
-0.29% , EWH , Hong Kong Index, EWH
-1.23% , MSI , Motorola Solutions, MSI
-2.18% , TBT , 200% Short US T Bond, TBT
-2.17% , X , US STEEL CORP
-17.90% , RSH , RADIOSHACK
-1.73% , TXN.O , TEXAS INSTRUMENT
-0.53% , HIG , HARTFORD FINL
-0.40% , QID , Short 200% QQQ PS, QID
-1.17% , MSFT , MICROSOFT
-0.71% , NTRS , NORTHERN TRUST
-0.53% , STJ , ST JUDE MEDICAL
-0.85% , JNS , JANUS CAPITAL
-0.50% , UNM , UNUMPROVIDENT
-0.30% , SNV , SYNOVUS
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.49% , Mexico Index, EWW
2.36% , Homebuilders SPDR, XHB
2.15% , Metals & Mining SPDR, XME
2.15% , Silver Trust iS, SLV
2.02% , South Africa Index, EZA
1.86% , Gold Shares S.T., GLD
1.75% , Switzerland Index, EWL
1.71% , Chile MSCI iS, ECH
1.67% , Germany Index, EWG
1.58% , Turkey MSCI iS, TUR
1.55% , Thailand MSCI iS, THD
1.55% , India PS, PIN
1.51% , Malaysia Index, EWM
1.46% , Singapore Index, EWS
1.45% , Materials SPDR, XLB
1.40% , Australia Index, EWA
1.39% , Biotech SPDR, XBI
1.34% , Utilities VIPERs, VPU
1.33% , Netherlands Index, EWN
1.28% , Utilities SPDR, XLU
1.27% , Basic Materials DJ US, IYM
1.26% , Europe 350 S&P Index, IEV
1.26% , Consumer Staples SPDR, XLP
1.19% , United Kingdom Index, EWU
1.17% , Growth EAFE MSCI, EFG
1.16% , Brazil Index, EWZ
1.12% , REIT Wilshire, RWR
1.12% , Bond, 20+ Years Treasury, TLT
1.11% , European VIPERs, VGK
1.10% , Realty Cohen & Steers, ICF
1.10% , India Earnings WTree, EPI
1.06% , Real Estate US DJ iS, IYR
1.06% , Pacific ex-Japan, EPP
1.05% , EMU Europe Index, EZU
1.03% , Taiwan Index, EWT
1.03% , WilderHill Clean Energy PS, PBW
1.00% , Dividend U.S. DJ iS, DVY
1.00% , Foreign LargeCap EAFE MSCI iS, EFA
0.99% , Latin Am 40, ILF
0.97% , Dividend High Yield Equity PS, PEY
0.96% , Emerging Markets MSCI iS, EEM
0.96% , Italy Index, EWI
0.94% , Health Care SPDR, XLV
0.93% , Value EAFE MSCI, EFV
0.93% , France Index, EWQ
0.93% , Emerging VIPERs, VWO
0.93% , Dividend SPDR, SDY
0.92% , REIT VIPERs, VNQ
0.88% , Global 100, IOO
0.88% , Global ex U.S. LargeCap Blend, ACWX
0.87% , Belgium Index, EWK
0.86% , Energy & Nat Res iS GS, IGE
0.85% , Sweden Index, EWD
0.84% , Transportation Av DJ, IYT
0.79% , Dividend International, PID
0.78% , Dividend Appreciation Vipers, VIG
0.78% , Bond Ex-US Treas, BWX
0.75% , Global LargeCap Blend MSCI iS, ACWI
0.71% , Dividend ex-U.S. DJ iS, IDV
0.70% , Pacific VIPERs, VPL
0.70% , LargeCap Blend S&P=Weight R, RSP
0.69% , Bond, 10 Year Treasury, IEF
0.69% , Value MidCap Russell, IWS
0.68% , Consumer Discretionary SPDR, XLY
0.67% , Industrial SPDR, XLI
0.67% , Canada Index, EWC
0.65% , Energy DJ, IYE
0.64% , LargeCap Value S&P 500 iS, IVE
0.64% , Energy Global, IXC
0.61% , Bond, Long-Term Corp iBoxx iS, LQD
0.60% , LargeCap VIPERs, VV
0.60% , South Korea Index, EWY
0.59% , Value LargeCap Dynamic PS, PWV
0.59% , LargeCap Growth Russell 1000 iS, IWF
0.59% , LargeCap Value Russell 1000 iS, IWD
0.58% , S&P 500 SPDRs LargeCap Blend, SPY
0.58% , Value VIPERs, VTV
0.58% , MidCap Value S&P 400 iS, IJJ
0.57% , LargeCap Blend Russell 1000 iS, IWB
0.57% , Blend Total Market VIPERs, VTI
0.57% , LargeCap Blend S&P 100, OEF
0.55% , Energy SPDR, XLE
0.55% , LargeCap Blend Russell 3000 iS, IWV
0.54% , Emerging 50 BLDRS, ADRE
0.54% , LargeCap Blend S&P 500 iS, IVV
0.54% , MidCap Blend S&P 400 iS, IJH
0.53% , SmallCap Blend EAFE MSCI iS, SCZ
0.53% , Russia MV, RSX
0.53% , Preferred Stock iS, PFF
0.52% , LargeCap Growth S&P 500 iS, IVW
0.51% , Value SmallCap VIPERS, VBR
0.51% , Bond, TIPS U.S. Treasury iS, TIP
0.50% , Small Cap VIPERs, VB
0.50% , MidCap S&P 400 SPDRs, MDY
0.48% , Energy VIPERs, VDE
0.47% , Bond, Muni S&P ATM-Free iS, MUB
0.47% , DIAMONDS (DJIA), DIA
0.46% , Financial Preferred, PGF
0.46% , Frontier Markets Guggenheim , FRN
0.46% , Growth VIPERs, VUG
0.45% , Japan Index, EWJ
0.44% , Growth SmallCap VIPERs, VBK
0.44% , Spain Index, EWP
0.41% , Telecom DJ US, IYZ
0.41% , Austria Index, EWO
0.41% , Growth MidCap Russell, IWP
0.40% , MidCap Russell, IWR
0.38% , MidCap Growth S&P 400 iS, IJK
0.36% , SmallCap Value Russell 2000 iS, IWN
0.35% , Bond, Intermediate US Aggregate iS, AGG
0.33% , SmallCap Value S&P 600 iS, IJS
0.30% , Financials VIPERs, VFH
0.30% , Bond, High Yield Corp iBoxx iS, HYG
0.27% , Financial DJ US, IYF
0.26% , SmallCap Blend Russell 2000 iS, IWM
0.25% , Bond, High-Yield Junk, JNK
0.23% , Agriculture DB PS, DBA
0.22% , SmallCap Blend S&P 600 iS, IJR
0.20% , Bond, Emerging Mkt JPM iS, EMB
0.19% , Financial SPDR, XLF
0.19% , SmallCap Growth S&P 600 iS, IJT
0.17% , Microcap Russell, IWC
0.15% , QQQ Nasdaq 100 Trust, QQQ
0.12% , SmallCap Growth Russell 2000 iS, IWO
0.08% , Bond, 1-3 Year Treasury, SHY
0.07% , Capital Markets KWB ST, KCE
-0.01% , Bond Treasury Short-Term iS, SHV
-0.01% , China 25 iS, FXI
-0.03% , Technology SPDR, XLK
-0.08% , Indonesia MV, IDX
-0.11% , Commodity Tracking, DBC
-0.14% , Financial Services DJ, IYG
-0.18% , Info Tech VIPERs, VGT
-0.20% , Networking, IGN
-0.21% , Water Resources, PHO
-0.23% , Semiconductor iS IGW, SOXX
-0.29% , Hong Kong Index, EWH
-0.29% , Technology DJ US, IYW
-0.32% , Semiconductor SPDR, XSD
-0.59% , Bear, Short S&P 500, SH
-0.72% , China LargeCap Growth G D H USX PS, PGJ
-0.76% , Oil Fund PowerShares, DBO
-1.47% , Oil, Crude, U.S. Oil Fund, USO
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1759.33, high of 10/22/2013
The S&P 500 Composite Potential Support
1729.86, high of 9/19/2013
1711.57, high of 10/15/2013
1709.67, high of 8/2/2013
1703.85, high of 9/26/2013
1700.18, high of 8/8/2013
1698.78, high of 7/23/2013
1696.81, high of 8/13/2013
1696.55, high of 10/1/2013
1695.93, low of 10/15/2013
1687.18, high of 5/22/2013
1687.11, low of 9/27/2013
1682.87, 50-day SMA
1676.03, low of 7/26/2013
1674.99, low of 9/30/2013
1672.40, high of 9/9/2013
1671.84, low of 7/16/2013
1670.36, low of 10/3/2013
1669.51, high of 8/26/2013
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
1646.47, low of 10/9/2013
1635.00, Fib 50.0% of Jun-Aug 2013
1629.05, low of 8/27/2013
1617.38, Fib 61.8% of Jun-Aug 2013
1612.20, 200-day SMA
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
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
