U.S. dollar ETF (UUP) absolute price rose above its highs of the previous 5 months on 8/5/14. UUP is currently systematically neutral, but the 50-day SMA is rising up toward the 200-day SMA, such that a bullish crossover may be possible in weeks ahead if price rises further.

Silver, iShares Silver Trust ETF (SLV) absolute price fell below its lows of the previous 6 weeks.

NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio (QQQ/SPY) rose above its highs of the previous 13 years on 8/5/14 and remains systematically bullish.

Health Care stock sector ETF (XLV) absolute price fell below its 50-day SMA on 8/5/14, thereby turning systematically neutral (from bullish).

Utilities stock sector ETF (XLU) Relative Strength Ratio (XLU/SPY) broke down below its lows of the previous 4 months on 8/5/14 and has been trending down since 4/28/14.

The S&P 500 Composite Index (SPX: 1,920.21, down 0.97%) absolute price opened lower, turned choppy, fell below the morning lows just before 2:00 pm ET, then turned choppy again in the late afternoon. SPX closed below the open, below midpoint of the day’s high-low range, and below both its closing prices and intraday lows of the previous 9 weeks.

NYSE total volume rose 13% to a level 5% 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 Number of Daily Net New Highs on the NYSE (New Highs minus New Lows), now at -9, has been running below its peaks above +800 recorded in 2012 and 2013, when the S&P 500 was lower than it is now. So, this indicator still is diverging bearishly relative to last year’s levels.

Stock market sentiment indicators have been at excessive, multiyear high levels of bullishness (which is bearish), bearish momentum divergences have been accumulating, and there is a tendency for low trading volume on up days and rising trading volume on down days (generally, not always), suggesting distribution. These are challenges to a sustainable upside trend that the stock market has been ignoring for months.
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Stock Market Indicators

The Dow Theory reconfirmed a Primary Tide Bull Market on 7/16/14 when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average rose to new all-time closing price highs. Although not part of the Dow Theory, all 3 Dow-Jones Averages (Industrial, Transportation, and Utility) crossed below their 50-day SMAs on 7/31/14, thereby objectively demonstrating short-term price weakness, at least.

NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio (QQQ/SPY) rose above its highs of the previous 13 years on 8/5/14 and remains systematically bullish. The absolute price of QQQ rose to a 13-year closing price high on 7/23/14. The price 50-day SMA crossed above the 200-day SMA on 1/28/13, thereby turning systematically bullish (from neutral).

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) rose to its highest level in 8 months on 8/4/14 and the rising 50-day SMA crossed above the falling 200-day SMA, thereby turning systematically bullish (from neutral).

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose to its highest level in 8 months on 8/4/14. The EEM /SPY 50-day SMA crossed above the 200-day SMA on 7/29/13, thereby turning systematically bullish (from neutral).

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down below its lows of the previous 4 months on 8/5/14 and remains systematically bearish. EFA/SPY fell below its lows of the previous 11 years on 3/20/14. 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) rose above its highs of the previous 6 months on 7/29/14 but remains systematically neutral, with 50-day SMA still below the 200-day SMA. 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) fell below its lows of the previous 20 months on 7/28/14, thereby reconfirming its preexisting bearish trend. IWM/SPY 50-day SMA crossed below the 200-day SMA on 4/29/14, thereby turning systematically bearish (from neutral). Absolute price has turned weak since it peaked at 120.97 on 7/1/14.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 19 months on 7/29/14, thereby reconfirming its preexisting bearish trend. MDY/SPY 50-day SMA crossed below the 200-day SMA on 5/9/14, thereby turning systematically bearish (from neutral). Absolute price has turned weak since it peaked at 264 on 7/1/14.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) absolute price rose above its highs of the previous 5 months on 8/5/14. UUP is currently systematically neutral, but the 50-day SMA is rising up toward the 200-day SMA, such that a bullish crossover may be possible in weeks ahead if price rises further. Support 21.07 and 20.84. Resistance 21.96, 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) absolute price broke down below its lows of the previous 5 months on 7/11/14. DBA crossed below its 50-day SMA on 5/9/14, thereby turning systematically neutral (from bullish).

Crude Oil, United States Oil ETF (USO) absolute price fell to its lowest price level in nearly 3 months on 8/1/14, suggesting a downside correction. Price remains systematically neutral: below its 50-day SMA, above it above the 200-day SMA, and with the 50-day SMA above the 200-day SMA. Support 35.96, 35.63, 34.97, 34.00, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 36.58, 38.30, 39.54, 39.64, 40.29, 41.38, 42.30, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) absolute price appears to be base building since hitting a bottom at 114.46 on 12/31/13. GLD appears to be systematically neutral, with the GLD price crisscrossing the 50-day and 200-day SMAs recently. Support: 119.42, 114.46, 113.08, and 102.28. Resistance: 133.69, 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) rose above its highs of the previous 11 months on 7/28/14 and remains systematically bullish. Absolute price rose above its highs of the previous 4 months on 7/9/14 and remains systematically bullish.

Silver, iShares Silver Trust ETF (SLV) absolute price fell below its lows of the previous 6 weeks and fell below its 50-day and 200-day SMAs on 8/4/14, thereby turning systematically bearish (from neutral). Support 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 21.30, 22.23, 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) fell below its lows of the previous 6 weeks on 8/4/14, thereby confirming a downside correction. The 50-200 SMA remains negative, with 50Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) remains systematically neutral, with the 50-day SMA still below the 200-day SMA. “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
17.42% , RSH , RADIOSHACK
2.01% , FDO , FAMILY DLR STRS
4.34% , COH , COACH
3.43% , ADM , ARCHER DANIELS
1.37% , WFM.O , Whole Foods Market Inc
2.87% , THC , TENET HEALTHCARE
2.80% , FE , FIRSTENERGY
2.47% , X , US STEEL CORP
1.53% , SYMC , SYMANTEC
1.68% , QLGC , QLOGIC
0.88% , DOG , Short 100% Dow 30, DOG
1.52% , UIS , UNISYS
1.72% , DXD , Short 200% Dow 30 PS, DXD
1.03% , NYT , NY TIMES STK A
1.94% , SDS , Short 200% S&P 500 PS, SDS
0.80% , TXT , TEXTRON
0.46% , BMS , BEMIS
0.98% , SH , Short 100% S&P 500, SH
1.58% , QID , Short 200% QQQ PS, QID
1.12% , BA , BOEING
0.32% , TLT , Bond, 20+ Years Treasury, TLT
0.17% , RL , Polo Ralph Lauren
0.55% , BSX , BOSTON SCIENT
0.78% , MDP , MEREDITH
0.16% , PBW , WilderHill Clean Energy PS, PBW
0.09% , HSP , HOSPIRA
0.11% , URBN , Urban Outfitters Inc.
0.09% , SRCL , Stericycle, SRCL
0.29% , ADBE , ADOBE SYS
0.10% , LQD , Bond, Corp, LQD
0.02% , DE , DEERE & CO
0.02% , STJ , ST JUDE MEDICAL
0.13% , PPA , Aerospace & Defense, PPA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.40% , TGT , TARGET
-4.15% , WAG , WALGREEN
-5.35% , IFF , INTL FLAV & FRAG
-5.52% , EXPD , Expeditors International WA
-1.22% , VPU , Utilities VIPERs, VPU
-0.69% , VCR , Consumer D. VIPERs, VCR
-0.88% , IGM , Technology GS, IGM
-6.22% , LPX , LOUISIANA PAC
-1.97% , APD , AIR PRODS & CHEM
-0.65% , EIS , Israel MSCI iS, EIS
-1.01% , PRF , Value LargeCap Fundamental RAFI 1000, PRF
-3.37% , RSX , Russia MV, RSX
-3.15% , AGN , ALLERGAN
-1.95% , MRVL , MARVELL TECHNOLOGY
-1.80% , SLV , Silver Trust iS, SLV
-0.97% , IYF , Financial DJ US, IYF
-1.20% , EPP , Pacific ex-Japan, EPP
-3.61% , INTC , INTEL
-1.75% , FAST , Fastenal Company
-1.58% , EWJ , Japan Index, EWJ
-1.27% , PGJ , China LargeCap Growth G D H USX PS, PGJ
-1.38% , EFV , Value EAFE MSCI, EFV
-2.42% , RDC , ROWAN COMPANIES
-2.16% , DLTR , Dollar Tree Stores Inc
-2.18% , MPEL , Melco Crown Entertainment, MPEL
-2.84% , EOG , EOG RESOURCES
-1.80% , FEZ , Euro STOXX 50, FEZ
-1.06% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-1.31% , GCI , GANNETT
-0.79% , PSI , Semiconductors, PSI
-1.90% , LM , LEGG MASON
-2.63% , NBR , NABORS
-1.80% , EMR , EMERSON ELECTRIC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
0.98% , Bear, Short S&P 500, SH
0.71% , Biotech SPDR, XBI
0.56% , Telecom DJ US, IYZ
0.32% , Bond, 20+ Years Treasury, TLT
0.20% , Water Resources, PHO
0.16% , WilderHill Clean Energy PS, PBW
0.11% , Bond, TIPS U.S. Treasury iS, TIP
0.10% , Bond, Long-Term Corp iBoxx iS, LQD
0.05% , Bond, 10 Year Treasury, IEF
0.00% , Bond, 1-3 Year Treasury, SHY
0.00% , Bond, Intermediate US Aggregate iS, AGG
-0.01% , Bond Treasury Short-Term iS, SHV
-0.03% , SmallCap Growth S&P 600 iS, IJT
-0.05% , Metals & Mining SPDR, XME
-0.06% , Financial Preferred, PGF
-0.07% , Bond, Muni S&P ATM-Free iS, MUB
-0.09% , India Earnings WTree, EPI
-0.10% , Gold Shares S.T., GLD
-0.12% , SmallCap Growth Russell 2000 iS, IWO
-0.12% , Bond, Emerging Mkt JPM iS, EMB
-0.13% , Preferred Stock iS, PFF
-0.14% , SmallCap Blend S&P 600 iS, IJR
-0.14% , Microcap Russell, IWC
-0.17% , Semiconductor SPDR, XSD
-0.17% , Bond, High-Yield Junk, JNK
-0.19% , Bond, High Yield Corp iBoxx iS, HYG
-0.25% , SmallCap Blend Russell 2000 iS, IWM
-0.32% , SmallCap Value S&P 600 iS, IJS
-0.35% , Homebuilders SPDR, XHB
-0.37% , SmallCap Value Russell 2000 iS, IWN
-0.37% , Thailand MSCI iS, THD
-0.38% , Value SmallCap VIPERS, VBR
-0.38% , Networking, IGN
-0.40% , Bond Ex-US Treas, BWX
-0.44% , Consumer Staples SPDR, XLP
-0.45% , Agriculture DB PS, DBA
-0.45% , MidCap Growth S&P 400 iS, IJK
-0.46% , Small Cap VIPERs, VB
-0.46% , Growth SmallCap VIPERs, VBK
-0.47% , Commodity Tracking, DBC
-0.48% , MidCap S&P 400 SPDRs, MDY
-0.48% , Oil Fund PowerShares, DBO
-0.50% , MidCap Blend S&P 400 iS, IJH
-0.50% , Singapore Index, EWS
-0.50% , MidCap Value S&P 400 iS, IJJ
-0.56% , Malaysia Index, EWM
-0.57% , Dividend High Yield Equity PS, PEY
-0.58% , Switzerland Index, EWL
-0.60% , Industrial SPDR, XLI
-0.62% , MidCap Russell, IWR
-0.67% , Netherlands Index, EWN
-0.69% , Growth MidCap Russell, IWP
-0.69% , India PS, PIN
-0.69% , Consumer Discretionary SPDR, XLY
-0.72% , Dividend SPDR, SDY
-0.74% , Info Tech VIPERs, VGT
-0.77% , QQQ Nasdaq 100 Trust, QQQ
-0.78% , Value MidCap Russell, IWS
-0.79% , United Kingdom Index, EWU
-0.79% , LargeCap Growth Russell 1000 iS, IWF
-0.79% , Sweden Index, EWD
-0.80% , Dividend U.S. DJ iS, DVY
-0.81% , Financials VIPERs, VFH
-0.82% , Mexico Index, EWW
-0.82% , Growth VIPERs, VUG
-0.82% , LargeCap Growth S&P 500 iS, IVW
-0.84% , Dividend International, PID
-0.85% , Capital Markets KWB ST, KCE
-0.85% , Technology DJ US, IYW
-0.85% , LargeCap Blend Russell 3000 iS, IWV
-0.85% , DIAMONDS (DJIA), DIA
-0.88% , Oil, Crude, U.S. Oil Fund, USO
-0.88% , Blend Total Market VIPERs, VTI
-0.89% , Real Estate US DJ iS, IYR
-0.91% , Dividend Appreciation Vipers, VIG
-0.92% , LargeCap Blend S&P=Weight R, RSP
-0.92% , Financial Services DJ, IYG
-0.93% , Technology SPDR, XLK
-0.95% , LargeCap Blend S&P 100, OEF
-0.95% , LargeCap Blend Russell 1000 iS, IWB
-0.96% , Health Care SPDR, XLV
-0.97% , Financial DJ US, IYF
-0.97% , LargeCap Value Russell 1000 iS, IWD
-0.97% , S&P 500 SPDRs LargeCap Blend, SPY
-0.97% , Basic Materials DJ US, IYM
-0.98% , LargeCap Blend S&P 500 iS, IVV
-0.98% , Frontier Markets Guggenheim , FRN
-1.02% , LargeCap VIPERs, VV
-1.02% , REIT VIPERs, VNQ
-1.03% , Financial SPDR, XLF
-1.03% , Realty Cohen & Steers, ICF
-1.04% , Materials SPDR, XLB
-1.06% , Semiconductor iS IGW, SOXX
-1.06% , Value VIPERs, VTV
-1.08% , Belgium Index, EWK
-1.09% , REIT Wilshire, RWR
-1.09% , Australia Index, EWA
-1.11% , LargeCap Value S&P 500 iS, IVE
-1.11% , Growth EAFE MSCI, EFG
-1.14% , Global 100, IOO
-1.16% , Latin Am 40, ILF
-1.16% , Europe 350 S&P Index, IEV
-1.16% , Transportation Av DJ, IYT
-1.18% , Global LargeCap Blend MSCI iS, ACWI
-1.19% , Value LargeCap Dynamic PS, PWV
-1.20% , Utilities SPDR, XLU
-1.20% , Pacific ex-Japan, EPP
-1.22% , Canada Index, EWC
-1.22% , Utilities VIPERs, VPU
-1.27% , China LargeCap Growth G D H USX PS, PGJ
-1.28% , European VIPERs, VGK
-1.28% , Foreign LargeCap EAFE MSCI iS, EFA
-1.29% , Global ex U.S. LargeCap Blend, ACWX
-1.32% , France Index, EWQ
-1.35% , Emerging 50 BLDRS, ADRE
-1.38% , Value EAFE MSCI, EFV
-1.43% , Brazil Index, EWZ
-1.46% , China 25 iS, FXI
-1.48% , Pacific VIPERs, VPL
-1.50% , Emerging VIPERs, VWO
-1.50% , Hong Kong Index, EWH
-1.50% , South Korea Index, EWY
-1.50% , Dividend ex-U.S. DJ iS, IDV
-1.51% , Chile MSCI iS, ECH
-1.53% , Emerging Markets MSCI iS, EEM
-1.53% , SmallCap Blend EAFE MSCI iS, SCZ
-1.58% , Japan Index, EWJ
-1.60% , Germany Index, EWG
-1.73% , Energy Global, IXC
-1.78% , Indonesia MV, IDX
-1.80% , Silver Trust iS, SLV
-1.92% , EMU Europe Index, EZU
-1.92% , Energy & Nat Res iS GS, IGE
-2.16% , Energy VIPERs, VDE
-2.19% , Energy SPDR, XLE
-2.21% , Austria Index, EWO
-2.24% , Energy DJ, IYE
-2.37% , South Africa Index, EZA
-2.63% , Taiwan Index, EWT
-3.22% , Spain Index, EWP
-3.26% , Turkey MSCI iS, TUR
-3.37% , Russia MV, RSX
-4.20% , Italy Index, EWI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The S&P 500 Composite Potential Resistance
1991.39, high of 7/24/2014
1954.93, 50-day SMA
1952.86, low of 7/10/2014

The S&P 500 Composite Potential Support
1902.17, high of 5/13/2014
1897.28, high of 4/4/2014
1860.17, 200-day SMA
1859.79, low of 5/7/2014
1850.61, low of 4/28/2014
1813.55, high of 11/29/2013
1737.92, low of 2/5/2014
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
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
1652.61, low of 8/16/2013
1646.47, low of 10/9/2013
1629.05, low of 8/27/2013
1560.33, low of 6/24/2013
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
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
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
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
1234.81, low of 11/3/2011
1231.04, high of 12/16/2011
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
1074.77, low of 10/4/2011
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
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009