S&P Mid Cap 400 Has Turned Up

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its lows of the previous 10 years on 12/30/14, reconfirming its preexisting major downtrend.

Consumer Discretionary Select Sector SPDR ETF (XLY) Relative Strength Ratio (XLY/SPY) rose above its highs of the previous 9 months on 12/30/14, confirming a medium-term uptrend. Absolute price rose to an all-time high on 12/29/14.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose to its highest level in 3 months on 12/30/14 and is now systematically neutral, possibly heading toward bullish.

The S&P 500 Composite Index (SPX) closed below its closing prices of the previous 4 trading days, possibly suggesting a break in bullish short-term momentum. On 12/29/14, SPX closed above all previous closing prices, reconfirming its preexisting 5.8-year-old uptrend. Historically, seasonal tendencies have been bullish at the end of December, although that comes with no guarantees of repeating.

NYSE total volume rose 10% to a level 26% 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.

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.

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 12/30/14, 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 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 is now systematically neutral, possibly heading toward bullish.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose to its highest level in 3 months on 12/30/14 and is now systematically neutral, possibly heading toward bullish.
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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

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. The rising 50-day SMA crossed above the rising 200-day SMA on 8/20/14, thereby turning systematically bullish (from neutral). Support 23.20, 22.45, 21.66, 21.07, and 20.84. Resistance 24.22, 25.89, 27.19, and 28.97.

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.

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. Support 16.70, and 10.35. Resistance 24.73, 27.85, 30.17, 31.63, 35.62, 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 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
3.62% , SIL , Silver Miners Global X, SIL
2.74% , QLGC , QLOGIC
3.11% , SLV , Silver Trust iS, SLV
3.54% , GDX , GOLD MINERS MARKET VECTORS ETF
4.23% , CLF , CLIFFS NATURAL RESOURCES, CLF
0.38% , EWS , Singapore Index, EWS
0.14% , TLH , Bond, 10-20 Year US Treasury, TLH
1.44% , RFMD , RF Micro Devices Inc
0.09% , SWY , SAFEWAY
0.26% , LLL , L-3 COMMS HLDGS
0.07% , BND , Bond, TOTAL MARKET VANGUARD
0.08% , SHM , Bond, SHORT-TERM SPDR NUV BARC ETF
0.07% , CSJ , Bond, 1-3 YEAR CREDIT iS ETF
0.28% , VWO , Emerging VIPERs, VWO
0.14% , VCIT , Bond, Intermediate Corp Vanguard ETF
0.04% , MUB , Bond, Muni ATM-Free S&P iS, MUB
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-0.91% , EWO , Austria Index, EWO
-1.13% , PBW , WilderHill Clean Energy PS, PBW
-1.21% , LAMR , Lamar Advertising Company
-0.68% , SPHQ.K , S&P 500 High Quality PS, SPHQ
-0.86% , IXN , Technology Global, IXN
-0.97% , VPL , Pacific VIPERs, VPL
-1.71% , ZEUS , Olympic Steel, ZEUS
-0.96% , PXE , Energy Exploration & Prod, PXE
-0.32% , XSD , Semiconductor SPDR, XSD
-0.98% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-0.45% , ECH , Chile MSCI iS, ECH
-0.87% , PBE , Biotech & Genome, PBE
-0.57% , IJS , Value SmallCap S&P 600 B, IJS
-0.97% , IEV , Europe 350 S&P Index, IEV
-0.54% , IGE , Energy & Nat Res iS GS, IGE
-1.25% , EWG , Germany Index, EWG
-0.64% , VUG , Growth VIPERs, VUG
-0.32% , PWV , Value LargeCap Dynamic PS, PWV
-0.40% , PJP , Pharmaceuticals, PJP
-0.91% , EFV , Value EAFE MSCI, EFV
-0.71% , ACWX , Global ex US ACWI iS, ACWX
-0.28% , PST , Bond, 200% Short 7-10 Yr T, PST
-0.56% , EWL , Switzerland Index, EWL
-0.59% , DBA , Agriculture DB PS, DBA
-0.56% , SDY , Dividend SPDR, SDY
-3.21% , CMS , CMS ENERGY
-0.38% , RFG , Growth MidCap S&P 400, RFG
-0.58% , ADRE , Emerging 50 BLDRS, ADRE
-0.86% , VGK , European VIPERs, VGK
-0.27% , PNC , PNC FINL SVC
-0.28% , SCZ , Small Cap EAFE MSCI iS, SCZ
-0.49% , VTI , Blend Total Market VIPERs, VTI
-0.60% , VBK , Growth SmallCap VIPERs, VBK
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
6.37% , Russia MV, RSX
3.11% , Silver Trust iS, SLV
1.35% , Gold Shares S.T., GLD
0.71% , Metals & Mining SPDR, XME
0.67% , India PS, PIN
0.64% , India Earnings WTree, EPI
0.63% , Brazil Index, EWZ
0.62% , Thailand MSCI iS, THD
0.60% , Bond Ex-US Treas, BWX
0.54% , Indonesia MV, IDX
0.47% , Bear, Short S&P 500, SH
0.38% , Singapore Index, EWS
0.31% , Preferred Stock iS, PFF
0.28% , Emerging VIPERs, VWO
0.27% , Bond, Emerging Mkt JPM iS, EMB
0.27% , Bond, 20+ Years Treasury, TLT
0.22% , Malaysia Index, EWM
0.20% , Emerging Markets MSCI iS, EEM
0.20% , South Africa Index, EZA
0.19% , Turkey MSCI iS, TUR
0.17% , Financial Preferred, PGF
0.16% , Latin Am 40, ILF
0.16% , Sweden Index, EWD
0.13% , Taiwan Index, EWT
0.11% , Bond, 10 Year Treasury, IEF
0.11% , Bond, Intermediate US Aggregate iS, AGG
0.08% , Bond, Long-Term Corp iBoxx iS, LQD
0.04% , Bond, Muni S&P ATM-Free iS, MUB
0.04% , Bond, 1-3 Year Treasury, SHY
0.01% , Bond Treasury Short-Term iS, SHV
0.00% , Canada Index, EWC
-0.02% , Mexico Index, EWW
-0.03% , Bond, TIPS U.S. Treasury iS, TIP
-0.03% , Homebuilders SPDR, XHB
-0.03% , Oil, Crude, U.S. Oil Fund, USO
-0.06% , Dividend International, PID
-0.06% , Oil Fund PowerShares, DBO
-0.07% , REIT VIPERs, VNQ
-0.08% , Bond, High-Yield Junk, JNK
-0.10% , Real Estate US DJ iS, IYR
-0.11% , Commodity Tracking, DBC
-0.12% , REIT Wilshire, RWR
-0.12% , Financials VIPERs, VFH
-0.12% , Financial SPDR, XLF
-0.13% , Financial DJ US, IYF
-0.17% , Financial Services DJ, IYG
-0.18% , Capital Markets KWB ST, KCE
-0.18% , Basic Materials DJ US, IYM
-0.19% , Realty Cohen & Steers, ICF
-0.20% , Transportation Av DJ, IYT
-0.20% , Bond, High Yield Corp iBoxx iS, HYG
-0.27% , Networking, IGN
-0.28% , SmallCap Blend EAFE MSCI iS, SCZ
-0.29% , Frontier Markets Guggenheim , FRN
-0.32% , Value LargeCap Dynamic PS, PWV
-0.32% , Semiconductor SPDR, XSD
-0.34% , Microcap Russell, IWC
-0.34% , LargeCap Value S&P 500 iS, IVE
-0.34% , LargeCap Value Russell 1000 iS, IWD
-0.35% , Materials SPDR, XLB
-0.36% , DIAMONDS (DJIA), DIA
-0.37% , SmallCap Growth S&P 600 iS, IJT
-0.39% , MidCap Growth S&P 400 iS, IJK
-0.39% , Dividend Appreciation Vipers, VIG
-0.39% , Value SmallCap VIPERS, VBR
-0.39% , China LargeCap Growth G D H USX PS, PGJ
-0.40% , Value VIPERs, VTV
-0.40% , MidCap Value S&P 400 iS, IJJ
-0.40% , MidCap S&P 400 SPDRs, MDY
-0.42% , MidCap Blend S&P 400 iS, IJH
-0.43% , Health Care SPDR, XLV
-0.45% , Consumer Staples SPDR, XLP
-0.45% , Chile MSCI iS, ECH
-0.45% , Value MidCap Russell, IWS
-0.46% , LargeCap Blend S&P 100, OEF
-0.46% , SmallCap Blend S&P 600 iS, IJR
-0.47% , Consumer Discretionary SPDR, XLY
-0.47% , LargeCap VIPERs, VV
-0.48% , SmallCap Value Russell 2000 iS, IWN
-0.49% , LargeCap Blend Russell 1000 iS, IWB
-0.49% , Blend Total Market VIPERs, VTI
-0.50% , LargeCap Blend Russell 3000 iS, IWV
-0.52% , Small Cap VIPERs, VB
-0.53% , MidCap Russell, IWR
-0.54% , S&P 500 SPDRs LargeCap Blend, SPY
-0.54% , Energy & Nat Res iS GS, IGE
-0.56% , Switzerland Index, EWL
-0.56% , Dividend SPDR, SDY
-0.57% , SmallCap Value S&P 600 iS, IJS
-0.57% , LargeCap Blend S&P 500 iS, IVV
-0.57% , Water Resources, PHO
-0.58% , Australia Index, EWA
-0.58% , Emerging 50 BLDRS, ADRE
-0.59% , SmallCap Blend Russell 2000 iS, IWM
-0.59% , LargeCap Blend S&P=Weight R, RSP
-0.59% , Industrial SPDR, XLI
-0.59% , Agriculture DB PS, DBA
-0.60% , Growth SmallCap VIPERs, VBK
-0.61% , Growth MidCap Russell, IWP
-0.63% , Semiconductor iS IGW, SOXX
-0.63% , Info Tech VIPERs, VGT
-0.64% , LargeCap Growth Russell 1000 iS, IWF
-0.64% , SmallCap Growth Russell 2000 iS, IWO
-0.64% , Growth VIPERs, VUG
-0.65% , Pacific ex-Japan, EPP
-0.66% , Global LargeCap Blend MSCI iS, ACWI
-0.66% , United Kingdom Index, EWU
-0.67% , QQQ Nasdaq 100 Trust, QQQ
-0.69% , LargeCap Growth S&P 500 iS, IVW
-0.70% , Global 100, IOO
-0.70% , Energy VIPERs, VDE
-0.71% , Global ex U.S. LargeCap Blend, ACWX
-0.71% , Technology SPDR, XLK
-0.74% , Energy Global, IXC
-0.75% , Energy DJ, IYE
-0.78% , Technology DJ US, IYW
-0.80% , Italy Index, EWI
-0.80% , Energy SPDR, XLE
-0.80% , Dividend High Yield Equity PS, PEY
-0.81% , Telecom DJ US, IYZ
-0.81% , South Korea Index, EWY
-0.86% , European VIPERs, VGK
-0.90% , Growth EAFE MSCI, EFG
-0.90% , Dividend ex-U.S. DJ iS, IDV
-0.91% , Value EAFE MSCI, EFV
-0.91% , Austria Index, EWO
-0.91% , Belgium Index, EWK
-0.92% , Foreign LargeCap EAFE MSCI iS, EFA
-0.97% , Europe 350 S&P Index, IEV
-0.97% , Pacific VIPERs, VPL
-0.99% , Netherlands Index, EWN
-1.05% , Biotech SPDR, XBI
-1.08% , Dividend U.S. DJ iS, DVY
-1.11% , Hong Kong Index, EWH
-1.13% , WilderHill Clean Energy PS, PBW
-1.18% , Spain Index, EWP
-1.22% , Japan Index, EWJ
-1.25% , Germany Index, EWG
-1.26% , EMU Europe Index, EZU
-1.47% , France Index, EWQ
-1.54% , China 25 iS, FXI
-2.08% , Utilities SPDR, XLU
-2.09% , Utilities VIPERs, VPU
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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
2032.23, 50-day SMA
1972.56, low of 12/16/2014
1956.73, 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