U.S. dollar ETF (UUP) absolute price rose to its highest closing price level in more than 4 years on 12/29/14, reconfirming its preexisting major uptrend.
Crude Oil, United States Oil ETF (USO) absolute price fell further below its lows of the previous 12 years on 12/29/14, reconfirming its preexisting major downtrend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its lows of the previous 10 years on 12/29/14, reconfirming its preexisting major downtrend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose to its highest level in 3 months on 12/29/14 and now looks more bullish.
Utilities (XLU) Relative Strength Ratio (XLU/SPY) rose above its highs of the previous 17 months on 12/29/14, reconfirming a major uptrend. Absolute price rose to an all-time high.
The Dow Theory reconfirmed a Primary Tide Bull Market on 12/29/14 when the Dow-Jones Transportation Average rose to new all-time closing price high to confirm the new high for the Dow-Jones Industrial Average set on 12/26/14.
The S&P 500 Composite Index (SPX) closed above all previous closing prices on 12/29/14, reconfirming its preexisting 5.8-year-old uptrend. Seasonal tendencies are bullish for the last half of December.
NYSE total volume rose 29% to a level 33% below its 200-day SMA, reflecting seasonal tendencies for late December. 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. Volume can provide insights that are not available from the majority of indicators, which are based on price.
NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio (QQQ/SPY) began a minor downtrend after rising above its highs of the previous 14 years on 11/28/14.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below its lows of the previous 7 years on 12/18/14, reconfirming its preexisting major downtrend. Longer term, BKF/SPY has been systematically bearish most of the time over the past 4 years.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below its lows of the previous 9 years on 12/18/14, reconfirming its preexisting major downtrend. Longer term, EEM/SPY has been systematically bearish most of the time since making a high on 10/14/10.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its lows of the previous 10 years on 12/29/14, reconfirming its preexisting major downtrend. EFA/SPY has remained systematically bearish most of the time over the past 6 years.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) has been trending downward since peaking 10/13/14 and is now systematically bearish. 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 S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 2 years on 10/10/14 but has stabilized since, turning more neutral.
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) rose to a new high closing price on 12/16/14, reconfirming its preexisting major uptrend. Support 120.13, 118.21, 112.73, 110.34, 109.61, 107.17, 105.60, 101.17, 100.00, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) rose to a new high closing price on 12/16/14, reconfirming its preexisting major uptrend. Support 104.93, 104.45, 102.45, 102.20, 101.52, 100.86, 99.18, 98.60, 98.19, 97.66, 91.94, 91.07, 88.12, 87.70, 87.49, 86.59, and 85.80. Resistance: 108.88, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) fell below its lows of the previous 5 years on 12/16/14, reconfirming its preexisting major downtrend. Absolute price of JNK fell below 3-years lows on 12/16/14 and remains systematically bearish.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) fell below its lows of the previous 5 years on 12/15/14, reconfirming its preexisting major downtrend. Absolute price remains systematically bearish.
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Tangible Assets, Commodities
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) absolute price broke down below its lows of the previous 10 months on 12/17/14, reconfirming its preexisting major downtrend. The 50-day SMA fell below the 200-day SMA on 8/29/14, thereby giving a systematically bearish signal.
Gold, SPDR Gold Shares ETF (GLD) absolute price fell below its lows of the previous 4 years on 11/5/14, reconfirming its preexisting major downtrend. Support: 102.28 and 84.92. Resistance: 120.50, 129.21, 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) fell below its lows of the previous 8 years on 12/16/14, reconfirming its preexisting major downtrend. Absolute price of GDX fell below its lows of the previous 5 years on 10/31/14.
Silver, iShares Silver Trust ETF (SLV) absolute price fell below its lows of the previous 4 years on 11/5/14, reconfirming its preexisting major downtrend. Support 14.37, 12.27, 11.64, and 8.45. Resistance: 17.09, 17.74, 20.64, 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 5 years on 12/16/14, reconfirming its preexisting major downtrend. The trend of SLV/GLD has pointed down most of the time since it peaked on 4/28/11, and Silver continues to underperform Gold.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) absolute price broke down below its lows of the previous 5 years on 12/26/14, reconfirming its preexisting major downtrend. JJC has been in a major downtrend since topping 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.
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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
1.41% , IDU , Utilities DJ, IDU
0.34% , IYF , Financial DJ US, IYF
1.46% , VPU , Utilities VIPERs, VPU
3.24% , AVP , AVON
0.74% , VCR , Consumer D. VIPERs, VCR
0.44% , VFH , Financials VIPERs, VFH
0.50% , PMR , Retail, PMR
2.71% , WFM.O , Whole Foods Market Inc
2.48% , MPEL , Melco Crown Entertainment, MPEL
0.34% , PXJ , Oil & Gas, PXJ
1.17% , LEN , Lennar Corp. (LEN)
0.44% , FRN , Frontier Markets Guggenheim , FRN
3.11% , DDS , DILLARD STK A
0.51% , IJR , SmallCap S&P 600, IJR
0.89% , PNW , PINNACLE WEST
1.83% , XEL , XCEL ENERGY
0.13% , PBJ , Food & Beverage, PBJ
0.47% , VB , Small Cap VIPERs, VB
0.75% , KSS , KOHLS
0.43% , VXF , Extended Mkt VIPERs, VXF
3.74% , GILD , Gilead Sciences Inc
0.91% , CMS , CMS ENERGY
0.86% , PEG , PUBL SVC ENTER
1.19% , DUK , DUKE ENERGY
1.08% , EIX , EDISON INTL
0.37% , CCL , CARNIVAL STK A
0.76% , XLY , Consumer Discretionary SPDR, XLY
0.15% , TIP , Bond, TIPS, TIP
0.23% , VO , MidCap VIPERs, VO
0.57% , VBR , Value SmallCap VIPERS, VBR
0.17% , IWV , LargeCap Blend Russell 3000, IWV
0.22% , PGF , Financial Preferred, PGF
0.96% , DTE , DTE ENERGY
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-8.80% , RSX , Russia MV, RSX
-0.87% , EWU , United Kingdom Index, EWU
-0.52% , IYW , Technology DJ US, IYW
-1.02% , SGOL.K , Gold, ETFS Physical Swiss Gold, SGOL
-0.80% , EZU , EMU Europe Index, EZU
-1.74% , EWP , Spain Index, EWP
-0.78% , IXP , Telecommunications Global, IXP
-0.77% , EWL , Switzerland Index, EWL
-0.95% , IAU , Gold COMEX iS, IAU
-1.01% , GLD , Gold Shares S.T., GLD
-0.74% , BWX , Bond, Ex-US Treasury, BWX
-0.26% , VDC , Consumer Staples VIPERs, VDC
-0.60% , SNI , Scripps Networks Interactive
-0.84% , FII , FED INVESTORS STK B
-0.54% , VGT , Info Tech VIPERs, VGT
-0.65% , EFG , Growth EAFE MSCI, EFG
-0.30% , XLP , Consumer Staples SPDR, XLP
-0.36% , COL , ROCKWELL COLLINS
-0.02% , SHV , Bond, Treasury Short-Term iS, SHV
-1.64% , TBT , Bond, 200% Short US T Bond, TBT
-0.69% , GOOG , Google
-0.21% , MOO , AGRIBUSINESS MARKET VECTORS ETF
-0.96% , DBC , Commodity Tracking, DBC
-0.70% , EWN , Netherlands Index, EWN
-0.73% , PID , Dividend International, PID
-0.84% , CAH , CARDINAL HEALTH
-0.39% , ADRE , Emerging 50 BLDRS, ADRE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.53% , Australia Index, EWA
1.46% , India PS, PIN
1.46% , Utilities VIPERs, VPU
1.15% , Utilities SPDR, XLU
0.98% , Chile MSCI iS, ECH
0.97% , India Earnings WTree, EPI
0.95% , Pacific ex-Japan, EPP
0.95% , Homebuilders SPDR, XHB
0.81% , Dividend High Yield Equity PS, PEY
0.76% , Consumer Discretionary SPDR, XLY
0.75% , Bond, 20+ Years Treasury, TLT
0.71% , Dividend U.S. DJ iS, DVY
0.64% , MidCap Value S&P 400 iS, IJJ
0.63% , SmallCap Value Russell 2000 iS, IWN
0.59% , SmallCap Value S&P 600 iS, IJS
0.59% , South Africa Index, EZA
0.57% , Value SmallCap VIPERS, VBR
0.55% , REIT VIPERs, VNQ
0.53% , Taiwan Index, EWT
0.53% , REIT Wilshire, RWR
0.51% , SmallCap Blend S&P 600 iS, IJR
0.50% , Water Resources, PHO
0.47% , Value MidCap Russell, IWS
0.47% , Realty Cohen & Steers, ICF
0.47% , Small Cap VIPERs, VB
0.47% , MidCap S&P 400 SPDRs, MDY
0.46% , MidCap Blend S&P 400 iS, IJH
0.45% , Dividend SPDR, SDY
0.44% , Financials VIPERs, VFH
0.44% , Real Estate US DJ iS, IYR
0.44% , Frontier Markets Guggenheim , FRN
0.42% , SmallCap Blend Russell 2000 iS, IWM
0.40% , Energy DJ, IYE
0.36% , Biotech SPDR, XBI
0.36% , Growth SmallCap VIPERs, VBK
0.36% , Energy SPDR, XLE
0.36% , Financial SPDR, XLF
0.36% , Financial Services DJ, IYG
0.35% , Health Care SPDR, XLV
0.35% , Latin Am 40, ILF
0.34% , Bond, 10 Year Treasury, IEF
0.34% , Financial DJ US, IYF
0.34% , MidCap Russell, IWR
0.33% , Metals & Mining SPDR, XME
0.27% , Energy VIPERs, VDE
0.27% , LargeCap Blend S&P=Weight R, RSP
0.24% , MidCap Growth S&P 400 iS, IJK
0.23% , SmallCap Growth S&P 600 iS, IJT
0.23% , Transportation Av DJ, IYT
0.23% , Bond, Muni S&P ATM-Free iS, MUB
0.22% , Financial Preferred, PGF
0.21% , Blend Total Market VIPERs, VTI
0.21% , Bond, Intermediate US Aggregate iS, AGG
0.21% , Energy & Nat Res iS GS, IGE
0.20% , Preferred Stock iS, PFF
0.20% , SmallCap Growth Russell 2000 iS, IWO
0.20% , Growth VIPERs, VUG
0.19% , Microcap Russell, IWC
0.19% , Bond, Long-Term Corp iBoxx iS, LQD
0.19% , LargeCap Blend Russell 1000 iS, IWB
0.18% , LargeCap Value Russell 1000 iS, IWD
0.17% , LargeCap Blend S&P 500 iS, IVV
0.17% , LargeCap Blend Russell 3000 iS, IWV
0.16% , Industrial SPDR, XLI
0.15% , Bond, TIPS U.S. Treasury iS, TIP
0.14% , LargeCap Value S&P 500 iS, IVE
0.13% , S&P 500 SPDRs LargeCap Blend, SPY
0.13% , LargeCap Growth S&P 500 iS, IVW
0.12% , Growth MidCap Russell, IWP
0.11% , Brazil Index, EWZ
0.10% , LargeCap Growth Russell 1000 iS, IWF
0.10% , Hong Kong Index, EWH
0.09% , Bond, 1-3 Year Treasury, SHY
0.09% , Value VIPERs, VTV
0.08% , Energy Global, IXC
0.08% , Agriculture DB PS, DBA
0.07% , LargeCap VIPERs, VV
0.07% , Mexico Index, EWW
0.06% , Bond, High Yield Corp iBoxx iS, HYG
0.00% , Singapore Index, EWS
0.00% , Materials SPDR, XLB
-0.01% , LargeCap Blend S&P 100, OEF
-0.01% , Dividend Appreciation Vipers, VIG
-0.02% , Bond Treasury Short-Term iS, SHV
-0.02% , QQQ Nasdaq 100 Trust, QQQ
-0.04% , DIAMONDS (DJIA), DIA
-0.07% , Canada Index, EWC
-0.09% , Bear, Short S&P 500, SH
-0.09% , Value LargeCap Dynamic PS, PWV
-0.10% , Basic Materials DJ US, IYM
-0.12% , Sweden Index, EWD
-0.13% , Telecom DJ US, IYZ
-0.15% , Malaysia Index, EWM
-0.22% , Capital Markets KWB ST, KCE
-0.22% , China 25 iS, FXI
-0.22% , Global LargeCap Blend MSCI iS, ACWI
-0.29% , Semiconductor iS IGW, SOXX
-0.30% , Consumer Staples SPDR, XLP
-0.32% , Emerging VIPERs, VWO
-0.33% , Pacific VIPERs, VPL
-0.36% , Bond, High-Yield Junk, JNK
-0.37% , Global 100, IOO
-0.38% , South Korea Index, EWY
-0.39% , Emerging 50 BLDRS, ADRE
-0.40% , Networking, IGN
-0.43% , Global ex U.S. LargeCap Blend, ACWX
-0.44% , Dividend ex-U.S. DJ iS, IDV
-0.45% , Austria Index, EWO
-0.46% , Semiconductor SPDR, XSD
-0.49% , Bond, Emerging Mkt JPM iS, EMB
-0.50% , Technology SPDR, XLK
-0.52% , Technology DJ US, IYW
-0.54% , Info Tech VIPERs, VGT
-0.56% , WilderHill Clean Energy PS, PBW
-0.60% , Germany Index, EWG
-0.61% , Emerging Markets MSCI iS, EEM
-0.65% , Growth EAFE MSCI, EFG
-0.66% , Belgium Index, EWK
-0.70% , Netherlands Index, EWN
-0.70% , SmallCap Blend EAFE MSCI iS, SCZ
-0.72% , Foreign LargeCap EAFE MSCI iS, EFA
-0.73% , Dividend International, PID
-0.74% , Bond Ex-US Treas, BWX
-0.75% , Value EAFE MSCI, EFV
-0.77% , Switzerland Index, EWL
-0.78% , Indonesia MV, IDX
-0.80% , EMU Europe Index, EZU
-0.80% , Europe 350 S&P Index, IEV
-0.83% , France Index, EWQ
-0.86% , European VIPERs, VGK
-0.87% , United Kingdom Index, EWU
-0.96% , Commodity Tracking, DBC
-1.01% , Gold Shares S.T., GLD
-1.04% , Japan Index, EWJ
-1.05% , Turkey MSCI iS, TUR
-1.12% , Thailand MSCI iS, THD
-1.24% , China LargeCap Growth G D H USX PS, PGJ
-1.56% , Silver Trust iS, SLV
-1.71% , Italy Index, EWI
-1.74% , Spain Index, EWP
-2.31% , Oil, Crude, U.S. Oil Fund, USO
-2.49% , Oil Fund PowerShares, DBO
-8.80% , Russia MV, RSX
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The S&P 500 Composite Potential Resistance
2093.55, high of 12/29/2014
The S&P 500 Composite Potential Support
2028.35, 50-day SMA
1972.56, low of 12/16/2014
1955.63, 200-day SMA
1904.78, low of 8/7/2014
1859.79, low of 5/7/2014
1850.61, low of 4/28/2014
1820.66, low of 10/15/2014
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
