Stock Market: stirring up a witch’s cauldron of troubles.

Stocks appear vulnerable to renewed decline.

The stock price recovery and consolidation since the low of 11/21/08 appears to be taking the shape of a potential Bearish Rising Wedge Pattern.

The stock market is no longer oversold.

Crude Oil continues to deflate at 35.98, another new 3-year low. This is a big drag on the Energy Stock Sector, which fell 5.82%.

U.S. Treasury Bond price rose to another new all-time high. The bond Bull trend has accelerated since 11/3/08. Money has been fleeing to safety and away from risk.

The U.S. dollar remains in a significant Bearish trend.

Gold remains in a significant Bullish trend.

The choppy stock price action of the past 3 weeks probably is consolidation, which is usually followed by resumption of the prevailing major trend, which is Bearish.

Financial frauds come to light when normal capital flows disappear, as they have this year.

There is no change in my conclusion. The Bearish Primary Tide Trend dominates the stock market. With the business conditions outlook deteriorating alarmingly, with tight credit conditions, with the possibility of further financial risks, with probable unintended consequences of government bailouts, and with massive fund redemptions and liquidations likely, prudent investors may continue to focus on capital preservation.

On Thursday, major stock price indexes opened moderately higher but soon turned choppy/sideways. Prices peaked just past 11:00 a.m. and started to sag, mildly at first, then with gathering momentum after 1:15 p.m. A feeble late recovery attempt in the final 40 minutes could not save the day. Price indexes closed below the previous close, below the previous low, below the open, and below the midpoint of the day’s range. The Standard & Poor's 500 cash index (885.28) closed down 19.14 points, or 2.12%. Total NYSE volume rose 4%, suggesting somewhat greater selling pressure on stocks.

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 revealed to be deal stocks, sooner or later, or are the subject of some other extraordinary events, positive or negative.

Bullish Stocks: Rising Price and Rising Volume
% Price Change, Symbol, Name
12.33% , MTG , MGIC INVESTMENT
20.28% , MU , MICRON TECH
8.33% , CCE , COCA COLA ENTER
6.27% , FPL , FPL GROUP INC
10.39% , XL , XL CAPITAL STK A
6.90% , TIN , TEMPLE INLAND
6.49% , Q , QWEST COMMUNICAT
5.35% , PRU , PRUDENTIAL FINL
7.74% , PBG , PEPSI BOTTLING
1.69% , HGSI , Human Genome Sciences Inc
6.43% , MET , METLIFE
3.34% , EWM , Malaysia Index, EWM
4.04% , AEP , AM ELEC POWER
3.28% , CCL , CARNIVAL STK A
4.05% , NKE , NIKE STK B
6.09% , ASH , ASHLAND
3.26% , MZZ , Short 200% MidCap 400 PS, MZZ
2.80% , CL , COLGATE
4.72% , ACS , AFFILIATED COMPUTER
2.90% , MDT , MEDTRONIC
2.09% , SH , Short 100% S&P 500, SH

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-13.00% , RIG , TRANSOCEAN
-2.61% , RPV , Value S&P 500, RPV
-16.04% , FII , FED INVESTORS STK B
-9.39% , PXJ , Oil & Gas, PXJ
-7.14% , PSI , Semiconductors, PSI
-1.30% , RPG , Growth S&P 500, RPG
-2.01% , IYZ , Telecom DJ US, IYZ
-16.25% , GM , GENERAL MOTORS
-15.94% , NBR , NABORS
-11.45% , NE , NOBLE
-0.93% , RZV , Value SmallCap S&P 600, RZV
-9.55% , F , FORD MOTOR
-2.44% , ELG , Growth Large Cap, ELG
-8.26% , HAL , HALLIBURTON
-3.54% , VPL , Pacific VIPERs, VPL
-1.30% , PTE , Telecommunications & Wireless, PTE
-2.98% , ELV , Value Large Cap DJ, ELV
-11.11% , BHH , Internet B2B H, BHH
-4.85% , EWO , Austria Index, EWO
-8.96% , BHI , BAKER HUGHES
-9.00% , MWV , MEADWESTVACO
-13.31% , EQR , EQUITY RESIDENT BEN INT
-5.95% , VDE , Energy VIPERs, VDE
-3.23% , IEV , Europe 350 S&P Index, IEV
-10.59% , MBI , MBIA
-8.22% , GE , GENERAL ELECTRIC
-3.96% , HSP , HOSPIRA
-10.76% , OIH , Oil Services H, OIH
-10.39% , RDC , ROWAN COMPANIES
-2.98% , IXG , Financials Global LargeCap Value, IXG
-8.28% , BJS , BJ SERVICES
-4.65% , IR , INGER RAND
-6.34% , SMH , Semiconductor H, SMH
-4.49% , BDH , Broadband H, BDH
-2.24% , IAH , Internet Architecture H, IAH
-2.13% , PWJ , Growth Mid Cap Dynamic PS, PWJ
-7.43% , WY , WEYERHAEUSER
-4.21% , VAW , Materials VIPERs, VAW
-5.15% , ABK , AMBAC FINL GRP
-3.24% , ADRA , Asia 50 BLDRS, ADRA

9 Major U.S. Stock Sectors
Ranked on Latest One-Day Price Change
% Price Change, Sector ETF, Symbol
0.84% Utilities SPDR, XLU
0.73% Health Care SPDR, XLV
0.34% Consumer Staples SPDR, XLP
-2.81% Consumer Discretionary SPDR, XLY
-2.81% Technology SPDR, XLK
-2.89% Financial SPDR, XLF
-3.51% Industrial SPDR, XLI
-3.84% Materials SPDR, XLB
-5.82% Energy SPDR, XLE

Primary Tide Trends for the 9 major sectors can last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):

Consumer Staples (XLP) Neutral, Market Weight. On 11/20/08, XLP/SPY Relative Strength Ratio rose to a new 10-year high. All 9 sectors have lost in 2008, but XLP has lost least.

Health Care (XLV) Neutral, Market Weight. On 11/20/08, XLV/SPY Relative Strength Ratio rose to a new 4-year high.

Utilities (XLU) Neutral, Market Weight. On 11/21/08, the XLU/SPY Relative Strength Ratio rose to a new 10-year high.

Consumer Discretionary (XLY) Bearish, Underweight. On 11/21/08, XLY absolute price fell to its lowest level in 10 years. The Relative Strength Ratio (XLY/SPY) has been trending down since 1/5/05 and fell to a new 7-year low on 11/19/08.

Technology (XLK) Bearish, Underweight. On 11/21/08, the XLK absolute price fell to a new 5-year low.

Industrial (XLI) Bearish, Underweight. On 11/21/08, the XLI absolute price fell to a new 5-year low.

Energy (XLE) Bearish, Underweight. On 10/10/08, the XLE absolute price hit another new 18-month intraday low.

Materials (XLB) Bearish, Underweight. On 11/20/08, the XLB absolute price fell to a new 5-year low.

Financial (XLF) Bearish, Underweight. On 11/21/08, the XLF absolute price hit another new 10-year low. In addition, the XLF long-term trend of Relative Strength Ratio (XLF/SPY) has been trending down since 2/20/07 and fell to a new 10-year low on 11/21/08.

The relative performance measurements of the 9 major sectors have indicated for many months a clear preference for defensive stocks that are insulated to a degree from economic downturns.

Foreign stock index EFA Relative Strength Ratio has improved since 10/27/08 but still has underperformed the S&P 500 since 11/27/07. EFA absolute price fell to a new 5-year low on 11/20/08 and has been in a falling trend since 10/31/07. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite remains Bearish. Relative Strength has been underperforming the S&P 500 since 8/14/08. On 11/21/08, the absolute price made another new 5-year low, reconfirming absolute long-term trend weakness.

Growth Stock/Value Stock Relative Strength Ratio fell to a new 10-month low on 12/8/08. The ratio has been trending down since it peaked on 7/15/08.

The Small Cap/Large Cap Relative Strength Ratio has stabilized since making a low on 11/19/08. Still, it is in a downtrend since it peaked on 9/19/08.

Crude Oil January futures contract price broke down to another new 3-year low at 35.98. Oil remains Bearish for the short-term trend. Oil traded at 147.27 on July 11, 2008. The main trend remains Bearish. U.S. OIL FUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.

The Energy stock sector outperformed Crude Oil since 10/9/08.

Gold futures contract price consolidated with an Inside Day (lower high and higher low). On 12/17/08, Gold jumped up to another new 9-week high. Gold still looks Bullish for the short-term but remains in an intermediate-term downtrend since the peak of 1,033.90 on 3/17/08.

Gold Mining stocks have firmed since 10/27/08 but still have underperformed Gold futures on a major trend basis over the past year.

U.S. Treasury Bond futures contract price rose to another new all-time high price, confirming the major Bullish trend. Money has been fleeing to safety, and that trend has accelerated since 11/3/08.

iShares iBoxx $ Invest Grade Corp Bond (LQD) ETF relative to 20+ Years US Treasury Bonds (that is, the LQD/TLT Relative Strength Ratio) fell to multi-year new lows on 12/17/08. Bond investors appear to be seriously concerned about the economic outlook.

iShares Lehman TIPS Bond (TIP) ETF Relative Strength Ratio (TIP/TLT) signals deflation. On 11/24/08, the Ratio fell to a new 5-year low and has been in a persistent major downtrend since 7/3/08.

The U.S. dollar price recovered part of Wednesday’s steep loss but still looks Bearish. On 12/17/08, the dollar broke down below the lows of the previous 10 weeks, confirming a significant Bearish trend.

The Art of Contrary Thinking: Traders need to be extremely nimble to keep up with rapid changes in the mass mood. The business and financial news has flipped from fear to hope and back again this year, creating record high levels of volatility. Investors might be wise to focus on risk control.

Sentiment/Contrary Opinion: There were 26.9% Bulls versus 47.3% Bears as of 12/17/08, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 0.57, up from 0.55 the previous week. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47. Although the current reading still indicates pessimism, Contrary Opinion alone is not sufficient for successful market timing and must be tempered by means of more precise timing tools.

VIX Fear Index, now at 47.34, fell to a new 10-week low. Its 18-year high was 80.86 set on 11/20/08. Its 18-year low was 9.89 on 1/24/07. VIX is a market estimate of expected constant 30-day volatility, calculated by weighting S&P 500 Index CBOE option bid/ask quotes spanning a wide range of strike prices for the two nearest expiration dates.

VXN Fear Index, now at 46.03, fell to a new 11-week low. Its 7-year high was 80.64 set on 11/20/08. Its record high was 114.23 on 10/8/98. Its record low was 12.61 on 7/29/05. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio is 0.80, which indicates Bearish sentiment. Its 4-year mean and median are 0.62, and its 4-year range is 0.35 to 1.28.

ISEE Call/Put Ratio is 1.34, which indicates Bearish sentiment. The ratio’s 4-year mean is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.16.

Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and the net balance of positive earnings surprises. The unfolding fallout from the credit market crisis has derailed that engine. Economic statistics and corporate earnings have been weakening and seem likely to weaken further over the next several quarters.

The Dow Theory last reconfirmed a Primary Tide Bear Market on 11/20/08, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their previous lowest closing prices of 2005-2008. These two Averages originally signaled a Primary Tide Bear Market on 11/21/07, when both closed below their closing price lows of August, 2007.

The breadth of the market has been in a Bearish trend long term since June 2007. The number of New Lows has exceeded the number of New Highs most days for more than a year, since July 2007, and that is one sign of a Bear Market. On 11/20/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 2-year lows, reconfirming that the major breadth trends remain Bearish.

To discover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor's 500 cash index (885.28):

Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15, high of 8/11/2008
1,274.42, high of 9/8/2008
1,255.09, high of 9/12/2008
1,238.807, Fibonacci 78.6% of 1,576.09 high
1,220.03, high of 9/25/2008
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008
1,007.51, high of 11/4/2008
918.57, high of 12/8/2008

To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index (885.28):

Potential Support
851.35, low of 12/12/2008
741.02, low of 11/21/2008
602.07, Fibonacci 38.2% of 1,576.09 high

Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol

4.39% Short 200% Dow 30 PS, DXD
3.67% Short 200% S&P 500 PS, SDS
3.34% Malaysia Index, EWM
3.26% Short 200% MidCap 400 PS, MZZ
3.10% Short 200% QQQ PS, QID
2.42% Bond, Corp, LQD
2.30% Short 100% Dow 30, DOG
2.10% Bond, 20+ Years Treasury, TLT
2.09% Short 100% S&P 500, SH
1.71% Short 100% QQQ, PSQ
1.40% Short 100% MidCap 400, MYY
1.32% Insurance, PIC
1.10% India Earnings WTree, EPI
0.94% Health Care VIPERs, VHT
0.92% Biotech H, BBH
0.84% Utilities SPDR, XLU
0.79% Pharmaceutical H, PPH
0.73% Health Care SPDR, XLV
0.73% IPOs, First Tr IPOX-100, FPX
0.68% Bond, 10 Year Treasury, IEF
0.63% Bond, Aggregate, AGG
0.58% Pharmaceuticals, PJP
0.55% Bond, TIPS, TIP
0.47% Biotech SPDR, XBI
0.34% Consumer Staples SPDR, XLP
0.25% Healthcare DJ, IYH
0.22% Utilities DJ, IDU
0.22% Utilities VIPERs, VPU
0.17% Consumer Staples VIPERs, VDC
0.14% Utilities H, UTH
0.08% Food & Beverage, PBJ
0.05% Bond, 1-3 Year Treasury, SHY
-0.01% Value MidCap S&P 400, RFV
-0.16% Healthcare Global, IXJ
-0.21% Dividend Growth PS, PHJ
-0.22% Aerospace & Defense, PPA
-0.25% South Korea Index, EWY
-0.28% Consumer Non-Cyclical, IYK
-0.31% Value Line Timeliness MidCap Gr, PIV
-0.37% Biotech & Genome, PBE
-0.52% Retail H, RTH
-0.55% Value MidCap Dynamic PS, PWP
-0.62% Growth MidCap 400 B, IJK
-0.64% SmallCap Russell 2000, IWM
-0.66% Utilities, PUI
-0.81% Microcap Russell, IWC
-0.81% Dividend High Yield Equity PS, PEY
-0.91% China 25 iS, FXI
-0.93% Value SmallCap S&P 600, RZV
-0.96% Singapore Index, EWS
-0.96% Growth MidCap S&P 400, RFG
-0.97% Telecom Services VIPERs, VOX
-0.99% Growth SmallCap R 2000, IWO
-1.01% Dividend Leaders, FDL
-1.12% Dividend Appreciation Vipers, VIG
-1.12% MidCap S&P 400 SPDRs, MDY
-1.14% Value MidCap iS M, JKI
-1.19% South Africa Index, EZA
-1.20% Extended Mkt VIPERs, VXF
-1.26% Value LargeCap Dynamic PS, PWV
-1.26% Networking, PXQ
-1.29% Consumer Cyclical DJ, IYC
-1.29% Dividend DJ Select, DVY
-1.30% Telecommunications & Wireless, PTE
-1.30% China LargeCap Growth G D H USX PS, PGJ
-1.30% Growth S&P 500, RPG
-1.33% Growth SmallCap VIPERs, VBK
-1.35% Value SmallCap Russell 2000, IWN
-1.35% Homebuilders SPDR, XHB
-1.41% Value SmallCap iS M, JKL
-1.41% MidCap S&P 400 iS, IJH
-1.41% Growth SmallCap iS M, JKK
-1.43% Networking, IGN
-1.48% SmallCap S&P 600, IJR
-1.48% LargeCap Blend Socially Responsible iS, KLD
-1.49% Micro Cap Zachs, PZI
-1.49% SmallCap PS Zacks, PZJ
-1.49% Growth VIPERs, VUG
-1.51% Small Cap VIPERs, VB
-1.52% Leisure & Entertainment, PEJ
-1.53% Commodity Tracking, DBC
-1.53% MidCap Russell, IWR
-1.56% Growth BARRA Small Cap 600, IJT
-1.59% Growth Small Cap DJ, DSG
-1.63% Telecom H, TTH
-1.63% Hong Kong Index, EWH
-1.64% Dividend Achievers PS, PFM
-1.66% Lg Cap Growth PSD, PWB
-1.66% Value SmallCap VIPERS, VBR
-1.70% Growth 1000 Russell, IWF
-1.74% Blend Total Market VIPERs, VTI
-1.74% LargeCap Blend S&P 100, OEF
-1.74% Germany Index, EWG
-1.76% Growth LargeCap NASDAQ 100, QQQQ
-1.76% LargeCap Blend S&P=Weight R, RSP
-1.79% Retail, PMR
-1.80% LargeCap Blend S&P 1500 iS, ISI
-1.80% Taiwan Index, EWT
-1.80% Consumer D. VIPERs, VCR
-1.80% Building & Construction, PKB
-1.81% Value MidCap Russell, IWS
-1.82% Growth S&P 500/BARRA, IVW
-1.83% Gold Shares S.T., GLD
-1.83% S&P 500 iS LargeCap Blend, IVV
-1.86% Value SmallCap S&P 600 B, IJS
-1.87% Value S&P 500 B, IVE
-1.87% S&P 500 SPDRs LargeCap Blend, SPY
-1.90% LargeCap 1000 R, IWB
-1.91% LargeCap Blend Russell 3000, IWV
-1.91% Emerging VIPERs, VWO
-1.93% WilderHill Clean Energy PS, PBW
-1.93% Italy Index, EWI
-1.95% Growth LargeCap iS M, JKE
-1.97% LargeCap Blend Dynamic PS, PWC
-1.98% Capital Markets KWB ST, KCE
-1.99% Growth LargeCap NASDAQ Fidelity, ONEQ
-2.01% Mexico Index, EWW
-2.01% Telecom DJ US, IYZ
-2.02% Software H, SWH
-2.05% Dividend SPDR, SDY
-2.05% OTC Dynamic PS, PWO
-2.05% Telecommunications Global, IXP
-2.07% Value Small Cap DJ, DSV
-2.07% MidCap Growth iS M, JKH
-2.09% Wilshire 5000 ST TM, TMW
-2.09% Value MidCap S&P 400 B, IJJ
-2.10% LargeCap Rydex Rus Top 50, XLG
-2.10% Software, IGV
-2.13% Growth Mid Cap Dynamic PS, PWJ
-2.16% LargeCap VIPERs, VV
-2.17% MidCap VIPERs, VO
-2.20% Emerging Markets, EEM
-2.22% Technology DJ US, IYW
-2.24% Internet Architecture H, IAH
-2.25% Value 1000 Russell, IWD
-2.25% DIAMONDS (DJIA), DIA
-2.25% Growth LargeCap Russell 3000, IWZ
-2.26% Growth MidCap Russell, IWP
-2.28% LargeCap Blend Total Market DJ, IYY
-2.33% Netherlands Index, EWN
-2.36% Growth SmallCap Dynamic PS, PWT
-2.38% Value LargeCap Fundamental RAFI 1000, PRF
-2.44% LargeCap Blend NYSE Composite iS, NYC
-2.44% Growth Large Cap, ELG
-2.48% Technology Global, IXN
-2.55% Belgium Index, EWK
-2.55% Financial Services DJ, IYG
-2.56% Info Tech VIPERs, VGT
-2.57% LargeCap Blend Core iS M, JKD
-2.61% Value S&P 500, RPV
-2.61% Transportation Av DJ, IYT
-2.62% Financial DJ US, IYF
-2.62% Internet H, HHH
-2.71% Software, PSJ
-2.72% Financials VIPERs, VFH
-2.73% Technology MS sT, MTK
-2.74% MidCap Blend Core iS M, JKG
-2.74% Value VIPERs, VTV
-2.77% Value LargeCap NYSE 100 iS, NY
-2.77% Value LargeCap Russell 3000, IWW
-2.77% Canada Index, EWC
-2.81% Consumer Discretionary SPDR, XLY
-2.81% Technology SPDR, XLK
-2.84% Technology GS, IGM
-2.84% EMU Europe Index, EZU
-2.87% Industrials VIPERs, VIS
-2.89% Financial SPDR, XLF
-2.92% Euro STOXX 50, FEZ
-2.96% Pacific ex-Japan, EPP
-2.96% Hardware & Electronics, PHW
-2.98% Financials Global LargeCap Value, IXG
-2.98% Value Large Cap DJ, ELV
-2.99% Water Resources, PHO
-3.06% Latin Am 40, ILF
-3.06% EAFE Index, EFA
-3.09% Value LargeCap iS M, JKF
-3.09% Industrial LargeCap Blend DJ US, IYJ
-3.12% France Index, EWQ
-3.13% Bank Regional H, RKH
-3.20% Spain Index, EWP
-3.23% Europe 350 S&P Index, IEV
-3.23% Ultra QQQ Double, QLD
-3.24% Asia 50 BLDRS, ADRA
-3.25% Global Titans, DGT
-3.26% Sweden Index, EWD
-3.32% Growth EAFE MSCI, EFG
-3.40% Value EAFE MSCI, EFV
-3.47% Japan Index, EWJ
-3.48% SmallCap Core iS M, JKJ
-3.51% Industrial SPDR, XLI
-3.52% Emerging 50 BLDRS, ADRE
-3.54% Pacific VIPERs, VPL
-3.55% Dividend International, PID
-3.57% Switzerland Index, EWL
-3.58% Global 100, IOO
-3.62% Brazil Index, EWZ
-3.65% Ultra MidCap400 Double, MVV
-3.67% European VIPERs, VGK
-3.70% Japan LargeCap Blend TOPIX 150, ITF
-3.72% Ultra S&P500 Double, SSO
-3.72% Developed 100 BLDRS, ADRD
-3.79% Nanotech Lux, PXN
-3.84% Materials SPDR, XLB
-3.85% Value 40 Large Low P/E FT DB, FDV
-3.95% Europe 100 BLDRS, ADRU
-3.99% Silver Trust iS, SLV
-4.10% Value SmallCap Dynamic PS, PWY
-4.21% Materials VIPERs, VAW
-4.38% United Kingdom Index, EWU
-4.49% Broadband H, BDH
-4.61% Australia Index, EWA
-4.68% Ultra Dow30 Double, DDM
-4.75% Value LargeCap Euro STOXX 50 DJ, FEU
-4.85% Austria Index, EWO
-5.09% Energy Global, IXC
-5.33% Energy Exploration & Prod, PXE
-5.40% Basic Materials DJ US, IYM
-5.51% Internet Infrastructure H, IIH
-5.82% Energy SPDR, XLE
-5.87% Energy DJ, IYE
-5.95% Energy VIPERs, VDE
-5.98% Oil, Crude, U.S. Oil Fund, USO
-6.17% Semiconductor iS GS, IGW
-6.29% Natural Resource iS GS, IGE
-6.34% Semiconductor H, SMH
-6.82% Metals & Mining SPDR, XME
-7.14% Semiconductors, PSI
-7.46% Semiconductor SPDR, XSD
-7.65% REIT Wilshire, RWR
-7.89% Real Estate US DJ, IYR
-8.32% REIT VIPERs, VNQ
-8.32% Realty Cohen & Steers, ICF
-9.39% Oil & Gas, PXJ
-10.76% Oil Services H, OIH
-11.11% Internet B2B H, BHH