Sign inRobertWColby's Commentaries
Daily Stock Market Update
Stock Market: an indecisive day ended an indecisive week. Momentum has ground to a halt.
The S&P 500 ended the week lower, but only slightly lower.
Growth Stock/Value Stock Relative Strength Ratio rose above 3-month highs. Longer term, the ratio has been in a Bullish Major Trend since 8/8/06.
NASDAQ Composite Relative Strength versus the S&P 500 moved up to an 8-year high.
Energy Stock Sector Relative Strength Ratio (XLE/SPY) broke down to another new 9-week low.
The Energy stock sector underperformed Crude Oil since 2/18/09, and broke down to a new 6-month low on 6/16/09
Crude Oil price reversed to the downside after recovering about a Fibonacci 61.8% of its June decline--61.8% is normal for a countertrend rally. Oil is probably still Bearish short term.
U.S. Treasury Bond September futures contract price rose again after breaking out above resistance at 117.30 on 6/25/09. Bonds look Bullish for the short term.
Bond quality ratios (LQD/TLT) turned down since 6/10/09, suggesting a diminished appetite for risk.
On Friday, the S&P 500 ETF (SPY) opened moderately lower and worked a little further lower during the first 93 minutes. SPY firmed during midsession then tried to rally in the final 2 hours. A sell-off in the closing 15 minutes knocked the SPY back down into the red. The Cumulative Daily Advance-Decline Line, which has been strong since the March low, rose for the 3rd consecutive session and looks relatively strong versus price. The S&P 500 ETF (SPY) fell 0.24% but still ended the day above its open and midpoint of the day’s high-low range.
Longer-term trends are still a problem, based mainly on Bearish long-term momentum indicators. The entire bounce from the March low to the June high still could be a Dow Theory Secondary Reaction, an intermediate-term correction that interrupts and moves in an opposite direction against the Bearish Primary Tide—and fools many into thinking a new Bull Market has started.
A pure chartist might say the market needs bottom testing, base building, and time before it can free itself from the Bear.
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
14.34% , EK , EASTMAN KODAK
13.99% , PWER , POWER ONE
7.56% , MTG , MGIC INVESTMENT
7.01% , OMX , OFFICEMAX INC., OMX
6.52% , UIS , UNISYS
4.73% , Q , QWEST COMMUNICAT
4.61% , LIZ , LIZ CLAIRBORNE
5.64% , CVG , CONVERGYS
1.54% , PZJ , SmallCap PS Zacks, PZJ
4.73% , CAR , Avis Budget Group, Inc. (CAR)
3.70% , LVLT , LEVEL 3 COMMUNICATIONS
3.63% , NYT , NY TIMES STK A
2.42% , CR , CRANE
0.49% , MTK , Technology MS sT, MTK
0.76% , VBK , Growth SmallCap VIPERs, VBK
2.75% , PTEN , Patterson-UTI Energy Inc
2.49% , BF.B , BROWN FORMAN STK B
1.69% , AMGN , AMGEN
2.93% , LLTC , LINEAR TECH
0.12% , PWB , Lg Cap Growth PSD, PWB
1.49% , RFV , Value MidCap S&P 400, RFV
6.62% , S , SPRINT NEXTEL
2.67% , CSX , CSX
0.94% , JNY , JONES APPAREL
2.05% , PDCO , Patterson Dental Company
1.57% , DDS , DILLARD STK A
1.69% , PBG , PEPSI BOTTLING
1.64% , WFMI , Whole Foods Market Inc
1.71% , BLL , BALL
2.36% , PHO , Water Resources, PHO
0.20% , PWO , OTC Dynamic PS, PWO
5.50% , BHH , Internet B2B H, BHH
1.03% , CEG , CONSTELL ENERGY
4.96% , IGT , INTL GAME TECH
2.64% , X , US STEEL CORP
1.72% , ROK , ROCKWELL AUTOMAT
1.23% , EBAY , EBAY
3.01% , BJS , BJ SERVICES
1.86% , PWY , Value SmallCap Dynamic PS, PWY
1.69% , DHR , DANAHER
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-22.06% , FRE , FREDDIE MAC
-18.18% , SANM , SANMINA
-19.05% , FNM , FANNIE MAE
-7.08% , PMCS , PMC SIERRA
-20.88% , SIRI , Sirius Satellite
-0.30% , JKH , MidCap Growth iS M, JKH
-9.14% , KBH , KB HOME
-3.01% , TBH , Telebras HOLDRS, TBH*
-2.51% , IR , INGER RAND
-4.38% , TLAB , TELLABS
-1.71% , PTV , PACTIV
-2.05% , ECL , ECOLAB
-3.61% , TXT , TEXTRON
-2.79% , ATI , ALLEGHENY TECH
-0.62% , EWO , Austria Index, EWO
-1.62% , NTRS , NORTHERN TRUST
-1.77% , OXY , OCCIDENTAL
-0.19% , ISI , LargeCap Blend S&P 1500 iS, ISI
-0.68% , LLL , L-3 COMMS HLDGS
-2.15% , PFG , PRINCIPAL FINL
-1.94% , CBS , CBS CORP.
-0.99% , MAT , MATTEL
-1.86% , WMB , WILLIAMS
-0.85% , TE , TECO ENERGY
-0.99% , CAH , CARDINAL HEALTH
-2.67% , IPG , INTERPUBLIC GRP
-2.28% , RRD , RR DONNELLEY SON
-2.86% , XL , XL CAPITAL STK A
-1.32% , BCR , C R BARD
-0.87% , CTB , COOPER TIRE
-2.14% , PCAR , PACCAR
-1.49% , OMC , OMNICOM
-0.92% , UTX , UNITED TECH
-0.83% , WOR , WORTHINGTON INDS
-2.15% , ASH , ASHLAND
-1.57% , SLB , SCHLUMBERGER
-1.56% , EOG , EOG RESOURCES
-0.53% , SNPS , Synopsys Inc
-0.67% , ACS , AFFILIATED COMPUTER
-0.55% , AMAT , APPLIED MATERIAL
9 Major U.S. Stock Sectors
Ranked on Latest One-Day Price Change
% Price Change, Sector ETF, Symbol
0.51% Financial SPDR, XLF
0.00% Health Care SPDR, XLV
-0.15% Materials SPDR, XLB
-0.16% Technology SPDR, XLK
-0.35% Consumer Staples SPDR, XLP
-0.36% Utilities SPDR, XLU
-0.41% Industrial SPDR, XLI
-0.66% Energy SPDR, XLE
-0.69% Consumer Discretionary SPDR, XLY
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):
Technology (XLK) Bearish, Underweight. The Relative Strength Ratio (XLK/SPY) rose to its highest level in 7 years on 6/24/09.
Health Care (XLV) Bearish, Underweight. The Relative Strength Ratio (XLV/SPY) rose sharply since 6/15/09, and so Health Care rose in this ranking.
Consumer Discretionary (XLY) Bearish, Underweight. The Relative Strength Ratio (XLY/SPY) broke down below 12-week lows on 6/24/09.
Consumer Staples (XLP) Bearish, Underweight. The Relative Strength Ratio (XLP/SPY) has stabilized since making a low on 5/6/09.
Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) rose to a new 2-month high on 6/18/09, resulting in a move up in this long-term RS ranking.
Materials (XLB) Bearish, Underweight. The Relative Strength Ratio (XLB/SPY) broke down to a new 8-week low on 6/19/09.
Industrial (XLI) Bearish, Underweight. The Relative Strength Ratio (XLI/SPY) broke down to a new 11-week low on 6/24/09.
Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) broke down to a new 9-week low on 6/26/09. XLE performance continues to lag relative to the price of the commodity, crude oil.
Financial (XLF) Bearish, Underweight. The Relative Strength Ratio (XLF/SPY) broke down to a new 7-week low on 6/17/09, showing renewed weakness.
The relative performance measurements of the 9 major sectors are hinting at a shift in leadership. The sectors reflected a growing investor appetite for risk in March and April, but that started to change in May and is becoming more evident in June.
Foreign stock index ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down to a new 5-week low on 6/25/06. EFA is the ETF representing the EAFE, the international developed country stock markets, excluding the U.S. and Canada.
NASDAQ Composite Relative Strength versus the S&P 500 moved up to an 8-year high on 6/26/09.
Growth Stock/Value Stock Relative Strength Ratio rose above 3-month highs on 6/26/06 and, longer term, has been in a Bullish Major Trend since 8/8/06.
Russell 1000 Value ETF (IWD) remains in a Bearish Major Trend, underperforming the SPY since 3/22/07. Long term, the IWD closing price broke down below its 9-year closing price lows on 3/9/09. In addition, the IWD Relative Strength Ratio (IWD/SPY) broke down to a new 6-year low on 3/6/09.
The Small Cap/Large Cap Ratio appears to be trending down moderately short-term, since 6/5/09.
Crude Oil July futures contract price reversed to the downside after recovering about a Fibonacci 61.8% of its June decline--61.8% is normal for a countertrend rally. Oil is probably still Bearish short term. On 6/19/06, oil broke down below the lows of the previous 11 trading days. The big price run-up since February left oil overbought, and now oil could correct that overbought condition. 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 underperformed Crude Oil since 2/18/09, and broke down to a new 6-month low on 6/16/09.
Gold August futures contract price bounced above the closes of the previous 9 trading days and remains above its June downtrend line. Over the past 3 weeks, Gold corrected a Fibonacci 61.8% retracement of its rise from 865 on 4/17/09 to 990.30 on 6/3/09. Longer term, Gold has been in a correction for more than a year, since the peak of 1,033.90 on 3/17/08.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) turned upward since 6/22/09, and that is Bullish for GDX.
U.S. Treasury Bond September futures contract price rose again after breaking out above resistance at 117.30 on 6/25/09. Bonds look Bullish for the short term.
Bond quality ratios (LQD/TLT) turned down since 6/10/09, suggesting a diminished appetite for risk. LQD/TLT is iShares iBoxx $ Invest Grade Corp Bond ETF (LQD) price divided by 20+ Years US Treasury Bond ETF price (TLT).
The U.S. dollar price broke down below the lows of the previous 6 trading days on 6/23/09 and appears to be testing the low made that day. USD appears more Bearish than Bullish, short term. On 6/2/09, USD fell to another new 8-month low, confirming a major Bearish downtrend.
The Art of Contrary Thinking: It is important to recognize that although surveys indicated significant Bearish sentiment nearly all year in 2008, that did not keep the stock market from suffering one of its biggest yearly declines on record. Contrary Thinking alone is not sufficient. It must be tempered by means of more precise market timing tools.
Advisory Service Sentiment: There were 43.6% Bulls versus 28.7% Bears as of 6/24/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.52, down from 1.70 the previous week. The ratio’s 39-year range is 0.28 to 17.51, the median is 1.43, and the mean is 1.73.
VIX Fear Index fell to a 9-month low of 25.93 on 6/26/09, indicating bullish complacency displacing fear. 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 fell to a 9-month low of 26.53 on 6/26/09, indicating bullish complacency displacing fear. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.
CBOE Put/Call Ratio fell to 0.54 on 5/4/09, indicating bullish sentiment near the top of the March-May bounce. The ratio’s 5-year mean is 0.67, median is 0.65, and its range is 0.35 to 1.35.
ISEE Call/Put Ratio rose to 1.75 on 5/29/09, indicating bullish sentiment. The ratio’s 5-year mean is 1.43, median is 1.38, and its 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 a net balance of positive earnings surprises. The unfolding fallout from the credit market crisis derailed that engine. Since the stock market low on since 3/9/09, unprecedented and massive monetary and fiscal stimulation appear to have had an impact on investor sentiment.
The Dow Theory allows for a Secondary Reaction to the upside. A Secondary Reaction typically lasts several months and retraces a fraction of the previous Bear Market decline. The Dow-Jones Industrial Average rose to a new 5-momth closing price high in June but the Dow-Jones Transportation Average failed to close above its high of 5/6/09, thereby signaling a non-confirmation and calling into question the longevity of the Secondary Reaction. The two Averages originally signaled a Primary Tide Bear Market on 11/21/07, when both closed below their closing price lows of August, 2007.
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:
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
1,381.50, Fibonacci 78.6% of 2007-2009 drop
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
1,228.74, Fibonacci 61.8% of 2007-2009 drop
1,220.03, high of 9/25/2008
1,121.44, Fibonacci 50.0% of 2007-2009 drop
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1007.78, Gann 37.5% of 2007-2009 drop
1,007.51, high of 11/4/2008
956.23, high of 6/11/2009
943.85, high of 1/6/2009
941.81, Fibonacci 78.6% of June 2009 range
935.66, low of 6/12/2009
930.20, Fibonacci 61.8% of June 2009 range
930.17, high of 5/8/2009
927.09, high of 6/19/2009
922.55, Fibonacci 50% of June 2009 range
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:
Potential Support
888.86, low of 6/23/2009
883.87, Gann 75.0% of 2009 range
881.46, low of 5/26/2009
879.61, low of 5/21/2009
878.94, low of 5/15/2009
877.86, high of 1/28/2009
877.52, close of 5/1/2009
875.63, high of 4/17/2009
875.01, high of 2/9/2009
871.80, high of 4/24/2009
866.10, low of 5/1/2009
847.69, Gann 62.5% of 2009 range
847.12, low of 4/28/2009
845.56, Fibonacci 61.8% of 2009 range
826.83, low of 4/21/2009
811.51, Fibonacci 50.0% of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
777.36, Fibonacci 38.2% of 2009 range
775.33, Gann 37.5% of 2009 range
666.79, intraday low of 3/6/2009
665.23, Fibonacci 61.8% of 2002-2007 upmove
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
5.50% Internet B2B H, BHH
3.60% Nanotech Lux, PXN
3.32% India Earnings WTree, EPI
2.60% Value SmallCap S&P 600, RZV
2.46% Developed 100 BLDRS, ADRD
2.40% Natural Resource iS GS, IGE
2.36% Water Resources, PHO
2.25% Sweden Index, EWD
2.13% Microcap Russell, IWC
1.86% Value SmallCap Dynamic PS, PWY
1.80% China LargeCap Growth G D H USX PS, PGJ
1.80% Micro Cap Zachs, PZI
1.75% Growth SmallCap Dynamic PS, PWT
1.54% SmallCap PS Zacks, PZJ
1.52% Biotech & Genome, PBE
1.40% Value Small Cap DJ, DSV
1.39% Capital Markets KWB ST, KCE
1.33% SmallCap Core iS M, JKJ
1.30% Hong Kong Index, EWH
1.26% Switzerland Index, EWL
1.20% Value SmallCap S&P 600 B, IJS
1.16% Internet H, HHH
1.15% Short 200% Dow 30 PS, DXD
1.14% SmallCap S&P 600, IJR
1.12% South Africa Index, EZA
1.11% Networking, IGN
1.10% Growth Small Cap DJ, DSG
1.08% REIT Wilshire, RWR
1.05% China 25 iS, FXI
0.96% Realty Cohen & Steers, ICF
0.93% Europe 100 BLDRS, ADRU
0.93% Latin Am 40, ILF
0.91% Financial Preferred, PGF
0.91% Leisure & Entertainment, PEJ
0.89% Growth BARRA Small Cap 600, IJT
0.88% Real Estate US DJ, IYR
0.88% Dividend International, PID
0.87% Telecommunications & Wireless, PTE
0.86% Financial Services DJ, IYG
0.86% Pacific ex-Japan, EPP
0.85% REIT VIPERs, VNQ
0.84% Australia Index, EWA
0.80% Value SmallCap iS M, JKL
0.78% Emerging 50 BLDRS, ADRE
0.76% Growth SmallCap VIPERs, VBK
0.76% Growth LargeCap NASDAQ Fidelity, ONEQ
0.74% Software, PSJ
0.74% Insurance, PIC
0.73% Brazil Index, EWZ
0.72% Growth SmallCap iS M, JKK
0.67% Value MidCap Dynamic PS, PWP
0.66% Value SmallCap VIPERS, VBR
0.65% Biotech SPDR, XBI
0.65% Silver Trust iS, SLV
0.63% Mexico Index, EWW
0.62% Financial DJ US, IYF
0.61% Extended Mkt VIPERs, VXF
0.58% Spain Index, EWP
0.56% Growth S&P 500, RPG
0.55% Building & Construction, PKB
0.53% Emerging VIPERs, VWO
0.53% Emerging Markets, EEM
0.51% Japan LargeCap Blend TOPIX 150, ITF
0.51% Value S&P 500, RPV
0.51% Financial SPDR, XLF
0.49% Technology MS sT, MTK
0.49% WilderHill Clean Energy PS, PBW
0.49% Internet Infrastructure H, IIH
0.49% Telecommunications Global, IXP
0.48% Small Cap VIPERs, VB
0.44% Short 200% S&P 500 PS, SDS
0.43% Utilities, PUI
0.43% Pacific VIPERs, VPL
0.42% Semiconductors, PSI
0.42% Short 100% Dow 30, DOG
0.41% Value LargeCap Fundamental RAFI 1000, PRF
0.40% LargeCap Blend Dynamic PS, PWC
0.39% Food & Beverage, PBJ
0.38% LargeCap Blend Socially Responsible iS, KLD
0.37% Ultra QQQ Double, QLD
0.35% Financials Global LargeCap Value, IXG
0.35% SmallCap Russell 2000, IWM
0.35% Preferred Stock iS, PFF
0.33% Biotech H, BBH
0.33% Pharmaceuticals, PJP
0.32% Japan Index, EWJ
0.29% Bond, Aggregate, AGG
0.29% Value MidCap S&P 400 B, IJJ
0.29% Bank Regional H, RKH
0.26% Short 100% S&P 500, SH
0.25% Ultra MidCap400 Double, MVV
0.24% Dividend SPDR, SDY
0.22% Energy Exploration & Prod, PXE
0.22% Growth LargeCap NASDAQ 100, QQQQ
0.22% Oil & Gas, PXJ
0.20% Health Care VIPERs, VHT
0.20% OTC Dynamic PS, PWO
0.20% Growth EAFE MSCI, EFG
0.19% Semiconductor H, SMH
0.17% Bond, 20+ Years Treasury, TLT
0.16% Value LargeCap NYSE 100 iS, NY
0.14% Info Tech VIPERs, VGT
0.14% Value LargeCap Euro STOXX 50 DJ, FEU
0.13% Growth MidCap S&P 400, RFG
0.13% Bond, 10 Year Treasury, IEF
0.12% Lg Cap Growth PSD, PWB
0.10% Short 200% MidCap 400 PS, MZZ
0.10% MidCap S&P 400 iS, IJH
0.10% Value MidCap Russell, IWS
0.10% Asia 50 BLDRS, ADRA
0.10% Growth 1000 Russell, IWF
0.09% Global Titans, DGT
0.09% Consumer Non-Cyclical, IYK
0.06% Healthcare DJ, IYH
0.05% Bond, Corp, LQD
0.05% Bond, 1-3 Year Treasury, SHY
0.04% Value LargeCap iS M, JKF
0.04% Financials VIPERs, VFH
0.04% LargeCap Blend NYSE Composite iS, NYC
0.03% Materials VIPERs, VAW
0.00% Netherlands Index, EWN
0.00% MidCap S&P 400 SPDRs, MDY
0.00% Health Care SPDR, XLV
0.00% Dividend Appreciation Vipers, VIG
0.00% Bond, TIPS, TIP
-0.02% Gold Shares S.T., GLD
-0.02% Technology Global, IXN
-0.03% Growth Large Cap, ELG
-0.03% Bond High-Yield Corporate, HYG
-0.03% Wilshire 5000 ST TM, TMW
-0.03% Transportation Av DJ, IYT
-0.04% LargeCap Blend Total Market DJ, IYY
-0.05% Industrial LargeCap Blend DJ US, IYJ
-0.05% Value LargeCap Russell 3000, IWW
-0.06% Telecom DJ US, IYZ
-0.06% Value MidCap iS M, JKI
-0.06% Value Large Cap DJ, ELV
-0.07% Value 40 Large Low P/E FT DB, FDV
-0.07% Growth SmallCap R 2000, IWO
-0.07% Retail, PMR
-0.09% Short 100% MidCap 400, MYY
-0.09% Canada Index, EWC
-0.10% Dividend Leaders, FDL
-0.10% Consumer Staples VIPERs, VDC
-0.11% Singapore Index, EWS
-0.11% Dividend DJ Select, DVY
-0.11% Value S&P 500 B, IVE
-0.12% Pharmaceutical H, PPH
-0.12% Semiconductor SPDR, XSD
-0.12% Technology GS, IGM
-0.13% Growth LargeCap iS M, JKE
-0.13% Growth MidCap 400 B, IJK
-0.13% Value SmallCap Russell 2000, IWN
-0.14% Healthcare Global, IXJ
-0.14% LargeCap VIPERs, VV
-0.15% Internet Architecture H, IAH
-0.15% Materials SPDR, XLB
-0.16% Technology DJ US, IYW
-0.16% Semiconductor iS GS, IGW
-0.16% Technology SPDR, XLK
-0.17% Growth MidCap Russell, IWP
-0.17% Value EAFE MSCI, EFV
-0.18% Growth LargeCap Russell 3000, IWZ
-0.18% Oil Services H, OIH
-0.18% MidCap Russell, IWR
-0.19% MidCap VIPERs, VO
-0.19% LargeCap Blend S&P 1500 iS, ISI
-0.19% Blend Total Market VIPERs, VTI
-0.20% EAFE Index, EFA
-0.20% Belgium Index, EWK
-0.20% Growth Mid Cap Dynamic PS, PWJ
-0.20% Value VIPERs, VTV
-0.21% Basic Materials DJ US, IYM
-0.21% Value Line Timeliness MidCap Gr, PIV
-0.21% Short 100% QQQ, PSQ
-0.22% Telecom H, TTH
-0.22% Industrials VIPERs, VIS
-0.23% Growth VIPERs, VUG
-0.23% Consumer D. VIPERs, VCR
-0.25% LargeCap Rydex Rus Top 50, XLG
-0.26% LargeCap Blend S&P 100, OEF
-0.26% South Korea Index, EWY
-0.26% S&P 500 SPDRs LargeCap Blend, SPY
-0.27% European VIPERs, VGK
-0.28% Value LargeCap Dynamic PS, PWV
-0.29% Aerospace & Defense, PPA
-0.30% MidCap Growth iS M, JKH
-0.30% 200% Short Bond 7-10 Yr T, PST
-0.31% Italy Index, EWI
-0.32% LargeCap 1000 R, IWB
-0.32% LargeCap Blend Core iS M, JKD
-0.32% Europe 350 S&P Index, IEV
-0.33% S&P 500 iS LargeCap Blend, IVV
-0.33% Germany Index, EWG
-0.35% Consumer Staples SPDR, XLP
-0.36% LargeCap Blend S&P=Weight R, RSP
-0.36% Value 1000 Russell, IWD
-0.36% Utilities SPDR, XLU
-0.37% 200% Short US T Bond, TBT
-0.38% Dividend Achievers PS, PFM
-0.39% Dividend High Yield Equity PS, PEY
-0.39% LargeCap Blend Russell 3000, IWV
-0.40% IPOs, First Tr IPOX-100, FPX
-0.41% Industrial SPDR, XLI
-0.41% MidCap Blend Core iS M, JKG
-0.41% Utilities VIPERs, VPU
-0.44% Growth S&P 500/BARRA, IVW
-0.45% Consumer Cyclical DJ, IYC
-0.45% Utilities DJ, IDU
-0.46% United Kingdom Index, EWU
-0.46% Ultra S&P500 Double, SSO
-0.47% Retail H, RTH
-0.53% DIAMONDS (DJIA), DIA
-0.54% Telecom Services VIPERs, VOX
-0.54% Software, IGV
-0.61% Global 100, IOO
-0.62% Austria Index, EWO
-0.63% EMU Europe Index, EZU
-0.64% Software H, SWH
-0.66% Energy SPDR, XLE
-0.69% Consumer Discretionary SPDR, XLY
-0.70% Short 200% QQQ PS, QID
-0.76% Utilities H, UTH
-0.79% Malaysia Index, EWM
-0.79% Taiwan Index, EWT
-0.80% Energy VIPERs, VDE
-0.83% Commodity Tracking, DBC
-0.88% France Index, EWQ
-0.89% Metals & Mining SPDR, XME
-0.94% Ultra Dow30 Double, DDM
-0.97% Energy DJ, IYE
-1.08% Energy Global, IXC
-1.11% Euro STOXX 50, FEZ
-1.26% Homebuilders SPDR, XHB
-1.42% Oil, Crude, U.S. Oil Fund, USO
stocks, s-p-500, russell-1000, nasdaq, etf
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