RobertWColby's Commentaries
Daily Stock Market Update
Stock Market: A confluence of cycles over the days ahead could bring trend change.
U.S. markets will be closed on Friday, 7/3/09, the day before Independence Day.
Historical seasonal tendencies are Bullish for the last few days of June and first few days of July.
Once end/beginning of the month Bullish seasonal tendencies expire and a confluence cycle dates hit, it might be a likely time for a trend change.
Since the stock market’s directional bias has been Bullish for nearly 120 days, a trend change seems likely to be to the downside.
A confluence of cycles over the days ahead could bring trend change:
On 7/1/09, the S&P 500 had risen 6 trading days after previously falling for 8 trading days; 6/8 = 3/4, a Gann natural proportion.
On 7/1/09, Uranus turned retrograde.
On 7/2/09, a Gann number cycle hits: 90 weeks (90 is 1/4 of a 360 degree cycle) from the 10/11/07 top.
On 7/2/09, a Fibonacci cycle hits: 55 days from the 5/8/09 high.
On 7/2/09, Venus squares Neptune, Mercury trines Neptune, Venus squares Jupiter, Mercury trines Jupiter, Mercury squares Uranus.
On 7/4/09, a Gann number cycle hits: 120 days (1/3 of a 360 degree cycle) from the 3/6/09 low.
On 7/4/09, Mercury opposes Pluto.
On 7/5/09, a Fibonacci number cycle hits: from the all-time high on 10/11/2007 to the low on 3/6/2009, the S&P 500 fell for 512 days. (512 is the 9th doubling of 1.) Applying a Fibonacci ratio of 0.236 times 512 equals 121, and 121 days from the 3/6/2009 low is 7/5/09. 121 is also the square of 11.
On 7/6/09, Mars squares Neptune.
On 7/7/09, Mars sextiles Uranus, the planet of action aspects the planet of change.
On 7/7/09, a Full Moon with a Lunar Eclipse.
Volume is falling as prices rise, and volume is rising as prices fall, which is Bearish.
The U.S. dollar price broke down below 2-week lows on 7/1/09, confirming a downtrend, short term.
On Wednesday, the S&P 500 ETF (SPY) opened higher and worked higher still for an hour, until 10:30 a.m., which proved to be the high of the day. SPY sank steadily during the rest of the day but still managed to hold above Tuesday’s close. The S&P 500 ETF (SPY) finished 0.41% higher on the day but slightly below its open and well below the midpoint of the day’s high-low range. Volume fell, suggesting little conviction behind higher prices.
Longer-term trends are still a problem, based mainly on Bearish long-term price 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
7.91% , BHH , Internet B2B H, BHH
1.97% , PEJ , Leisure & Entertainment, PEJ
23.84% , UIS , UNISYS
2.27% , IJS , Value SmallCap S&P 600 B, IJS
6.98% , SIRI , Sirius Satellite
1.90% , IJT , Growth BARRA Small Cap 600, IJT
0.91% , DGT , Global Titans, DGT
1.01% , IXP , Telecommunications Global, IXP
1.40% , IJJ , Value MidCap S&P 400 B, IJJ
1.68% , FEZ , Euro STOXX 50, FEZ
6.98% , XL , XL CAPITAL STK A
1.92% , EWO , Austria Index, EWO
0.65% , TTH , Telecom H, TTH
2.85% , ADRU , Europe 100 BLDRS, ADRU
0.51% , IWZ , Growth LargeCap Russell 3000, IWZ
4.43% , NVLS , NOVELLUS SYS
1.81% , EWN , Netherlands Index, EWN
3.86% , GIS , GENERAL MILLS
5.96% , BLL , BALL
1.66% , XSD , Semiconductor SPDR, XSD
5.24% , WHR , WHIRLPOOL
5.70% , JNS , JANUS CAPITAL
0.67% , IJK , Growth MidCap 400 B, IJK
2.11% , EWG , Germany Index, EWG
0.90% , RPV , Value S&P 500, RPV
0.89% , IGN , Networking, IGN
3.23% , KSU , Kansas City Southern, KSU
2.75% , ALL , ALLSTATE
2.55% , BC , BRUNSWICK
3.37% , JBL , JABIL CIRCUIT
0.81% , ITF , Japan LargeCap Blend TOPIX 150, ITF
2.45% , CEG , CONSTELL ENERGY
1.40% , VBK , Growth SmallCap VIPERs, VBK
0.66% , VGT , Info Tech VIPERs, VGT
2.01% , VB , Small Cap VIPERs, VB
0.61% , IXN , Technology Global, IXN
2.67% , LTD , LIMITED BRANDS
1.56% , DVY , Dividend DJ Select, DVY
0.64% , PKB , Building & Construction, PKB
1.70% , XLP , Consumer Staples SPDR, XLP
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-22.07% , AIG , AMER INTL GROUP
-1.68% , HHH , Internet H, HHH
-0.52% , BDH , Broadband H, BDH
-4.03% , MAR , MARRIOTT INTL STK A
-4.16% , S , SPRINT NEXTEL
-2.99% , GLW , CORNING
-0.60% , IAH , Internet Architecture H, IAH
-1.07% , CHKP , Check Point Software Technologies Ltd
-2.32% , HOLX , Hologic, Inc., HOLX
-2.70% , KBH , KB HOME
-1.69% , ADSK , AUTODESK
-1.28% , XBI , Biotech SPDR, XBI
-0.26% , IYH , Healthcare DJ, IYH
-0.58% , LQD , Bond, Corp, LQD
-1.29% , GNTX , Gentex Corporation
-2.48% , DELL , DELL
-1.62% , FLR , FLUOR
-0.66% , HYG , Bond High-Yield Corporate, HYG
-2.12% , BK , BANK OF NEW YORK
-0.21% , PBE , Biotech & Genome, PBE
-2.66% , X , US STEEL CORP
-1.47% , WMB , WILLIAMS
-1.07% , RKH , Bank Regional H, RKH
-0.97% , CVG , CONVERGYS
-1.58% , LEG , LEGGETT & PLATT
-2.64% , F , FORD MOTOR
-1.98% , TGT , TARGET
-0.67% , BNI , BURLINGTON NORTH
-1.57% , IGT , INTL GAME TECH
-1.19% , HES , AMERADA HESS
-1.24% , USO , Oil, Crude, U.S. Oil Fund, USO
-4.01% , HOT , STARWOOD HOTELS
-0.39% , SWY , SAFEWAY
-0.41% , SWK , STANLEY WORKS
-0.59% , NCR , NCR
-1.19% , HSP , HOSPIRA
-0.93% , TMO , THERMO ELECTRON
-1.71% , ZMH , ZIMMER HLDGS
-0.99% , ESRX , EXPRESS SCRIPTS
-0.62% , PTEN , Patterson-UTI Energy Inc
9 Major U.S. Stock Sectors
Ranked on Latest One-Day Price Change
% Price Change, Sector ETF, Symbol
1.70% Consumer Staples SPDR, XLP
1.29% Utilities SPDR, XLU
0.65% Consumer Discretionary SPDR, XLY
0.44% Technology SPDR, XLK
0.41% Industrial SPDR, XLI
0.27% Health Care SPDR, XLV
0.23% Materials SPDR, XLB
0.08% Energy SPDR, XLE
-0.59% Financial SPDR, XLF
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.
Consumer Discretionary (XLY) Bearish, Underweight. The Relative Strength Ratio (XLY/SPY) broke down below 12-week lows on 6/24/09 but turned up since.
Consumer Staples (XLP) Bearish, Underweight. The Relative Strength Ratio (XLP/SPY) has stabilized since making a low on 5/6/09.
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.
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 10-week low on 7/1/09. 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 became more evident in June.
Foreign stock index ETF (EFA) Relative Strength Ratio (EFA/SPY) continued down after breaking down to a new 6-week low on 6/29/06. 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 broke down to an 8-day low on 6/29/09, after making a 3-month high on 6/26/06. This may be simply a slowing of intermediate-term upside relative momentum.
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 is moderately higher for 2009 but has lost some momentum short term, since 6/5/09.
Crude Oil July futures contract price sank more slowly after reversing to the downside on 6/30/09. Oil appears uncertain 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 the XLE/ Crude Oil Ratio broke down to a new 6-month low on 6/29/09.
Gold August futures contract price reversed to the upside and recovered its losses of the previous 2 trading days. From 6/3/09 to 6/23/09, Gold corrected a Fibonacci 61.8% retracement of its rise from 865 on 4/17/09 to 990.30 on 6/3/09, which is sufficient for a short-term correction. 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 fell below the lows of the previous 3 trading days. Despite an obvious loss of upside momentum, bonds may still be 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 2-week lows on 7/1/09, confirming a downtrend, short term.
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 41.4% Bulls versus 29.9% Bears as of 7/1/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.38, down from 1.52 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 25.35 on 6/29/09, 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 26.49 on 6/29/09, 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.
The Cumulative Daily Advance-Decline Line: Most of the time since 2000, the A-D Line has outperformed the price indexes. This relatively strong trend is continuing in 2009. But note that the A-D Line substantially underperformed the price indexes from 1956 to 2000, which was mostly a bullish period for the price indexes, as the stock market came to be increasingly dominated by large institutional investors who favor the large capitalization stocks for their liquidity and their well-established positions in their businesses. The A-D Line is more representative of smaller capitalization stocks, in contrast to the price indexes, most of which are much more representative of the very largest capitalization stocks. So, most of the time, relative strength of the A-D Line coincides with strength in smaller capitalization stocks relative to the largest capitalization stocks. The Small Cap/Large Cap Relative Strength Ratio is moderately higher for 2009 but has lost some momentum short term, since 6/5/09.
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
931.92, high of 7/1/2009
930.20, Fibonacci 61.8% of June 2009 range
930.17, high of 5/8/2009
930.01, high of 6/30/2009
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
919.32, low of 6/30/2009
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
7.91% Internet B2B H, BHH
3.34% Sweden Index, EWD
3.22% South Korea Index, EWY
2.89% Value SmallCap S&P 600, RZV
2.85% Europe 100 BLDRS, ADRU
2.60% Nanotech Lux, PXN
2.29% Value SmallCap Dynamic PS, PWY
2.28% Taiwan Index, EWT
2.27% Value SmallCap S&P 600 B, IJS
2.23% Food & Beverage, PBJ
2.20% France Index, EWQ
2.12% Ultra MidCap400 Double, MVV
2.12% Developed 100 BLDRS, ADRD
2.11% Germany Index, EWG
2.11% Emerging VIPERs, VWO
2.09% Value SmallCap VIPERS, VBR
2.08% Belgium Index, EWK
2.07% Value SmallCap iS M, JKL
2.01% Small Cap VIPERs, VB
2.01% Microcap Russell, IWC
2.00% Value SmallCap Russell 2000, IWN
1.99% European VIPERs, VGK
1.99% Micro Cap Zachs, PZI
1.97% Leisure & Entertainment, PEJ
1.92% Austria Index, EWO
1.90% Growth SmallCap Dynamic PS, PWT
1.90% Value Small Cap DJ, DSV
1.90% Growth BARRA Small Cap 600, IJT
1.86% Value LargeCap Euro STOXX 50 DJ, FEU
1.85% SmallCap Core iS M, JKJ
1.84% India Earnings WTree, EPI
1.83% Emerging Markets, EEM
1.81% Netherlands Index, EWN
1.74% REIT VIPERs, VNQ
1.73% SmallCap S&P 600, IJR
1.72% Utilities, PUI
1.72% EMU Europe Index, EZU
1.70% Consumer Staples SPDR, XLP
1.68% Euro STOXX 50, FEZ
1.66% Singapore Index, EWS
1.66% EAFE Index, EFA
1.66% Semiconductor SPDR, XSD
1.64% Growth SmallCap R 2000, IWO
1.64% Insurance, PIC
1.63% Consumer Non-Cyclical, IYK
1.61% Semiconductor iS GS, IGW
1.61% Consumer Staples VIPERs, VDC
1.56% Semiconductors, PSI
1.56% Utilities DJ, IDU
1.56% Dividend DJ Select, DVY
1.55% SmallCap Russell 2000, IWM
1.53% Europe 350 S&P Index, IEV
1.51% Value MidCap Dynamic PS, PWP
1.50% Emerging 50 BLDRS, ADRE
1.49% Dividend Leaders, FDL
1.48% Italy Index, EWI
1.46% SmallCap PS Zacks, PZJ
1.45% Canada Index, EWC
1.45% Semiconductor H, SMH
1.43% Water Resources, PHO
1.42% Extended Mkt VIPERs, VXF
1.40% Value MidCap S&P 400 B, IJJ
1.40% Growth SmallCap VIPERs, VBK
1.35% Value EAFE MSCI, EFV
1.33% Gold Shares S.T., GLD
1.32% Growth Small Cap DJ, DSG
1.29% Utilities SPDR, XLU
1.27% Silver Trust iS, SLV
1.25% Utilities VIPERs, VPU
1.24% Switzerland Index, EWL
1.24% Dividend SPDR, SDY
1.23% Brazil Index, EWZ
1.22% Growth SmallCap iS M, JKK
1.22% Ultra Dow30 Double, DDM
1.21% Growth EAFE MSCI, EFG
1.20% Software, PSJ
1.18% REIT Wilshire, RWR
1.17% Japan Index, EWJ
1.13% Value MidCap iS M, JKI
1.12% South Africa Index, EZA
1.12% Global 100, IOO
1.11% Telecommunications & Wireless, PTE
1.09% Retail, PMR
1.05% Asia 50 BLDRS, ADRA
1.01% Telecommunications Global, IXP
1.00% Growth MidCap S&P 400, RFG
0.99% Spain Index, EWP
0.99% Dividend High Yield Equity PS, PEY
0.99% Real Estate US DJ, IYR
0.98% Latin Am 40, ILF
0.95% IPOs, First Tr IPOX-100, FPX
0.93% Value MidCap Russell, IWS
0.93% Value Line Timeliness MidCap Gr, PIV
0.92% Utilities H, UTH
0.92% MidCap S&P 400 iS, IJH
0.91% China 25 iS, FXI
0.91% United Kingdom Index, EWU
0.91% Global Titans, DGT
0.91% LargeCap Blend NYSE Composite iS, NYC
0.90% Value S&P 500, RPV
0.90% Malaysia Index, EWM
0.90% Mexico Index, EWW
0.89% Networking, IGN
0.87% Dividend International, PID
0.84% Pharmaceuticals, PJP
0.83% MidCap S&P 400 SPDRs, MDY
0.82% Industrial LargeCap Blend DJ US, IYJ
0.81% Japan LargeCap Blend TOPIX 150, ITF
0.80% Consumer D. VIPERs, VCR
0.77% Value LargeCap Dynamic PS, PWV
0.76% OTC Dynamic PS, PWO
0.75% MidCap VIPERs, VO
0.73% Industrials VIPERs, VIS
0.73% LargeCap Blend Dynamic PS, PWC
0.72% Aerospace & Defense, PPA
0.70% Software, IGV
0.69% Pacific VIPERs, VPL
0.67% Technology DJ US, IYW
0.67% Growth MidCap 400 B, IJK
0.67% Transportation Av DJ, IYT
0.66% Info Tech VIPERs, VGT
0.66% Hong Kong Index, EWH
0.65% Telecom H, TTH
0.65% Consumer Discretionary SPDR, XLY
0.65% LargeCap Blend S&P=Weight R, RSP
0.64% MidCap Russell, IWR
0.64% Building & Construction, PKB
0.63% Dividend Appreciation Vipers, VIG
0.62% LargeCap Blend Core iS M, JKD
0.61% Growth 1000 Russell, IWF
0.61% Technology Global, IXN
0.60% WilderHill Clean Energy PS, PBW
0.59% Financials Global LargeCap Value, IXG
0.59% Value LargeCap NYSE 100 iS, NY
0.59% Oil & Gas, PXJ
0.58% Energy Exploration & Prod, PXE
0.58% Blend Total Market VIPERs, VTI
0.58% LargeCap Blend Socially Responsible iS, KLD
0.56% Dividend Achievers PS, PFM
0.55% Value S&P 500 B, IVE
0.54% MidCap Blend Core iS M, JKG
0.54% Pacific ex-Japan, EPP
0.53% LargeCap Blend S&P 1500 iS, ISI
0.51% Growth LargeCap Russell 3000, IWZ
0.50% Ultra S&P500 Double, SSO
0.50% Value Large Cap DJ, ELV
0.49% Growth MidCap Russell, IWP
0.49% Internet Infrastructure H, IIH
0.49% Wilshire 5000 ST TM, TMW
0.48% Growth S&P 500/BARRA, IVW
0.46% Growth LargeCap NASDAQ Fidelity, ONEQ
0.45% LargeCap 1000 R, IWB
0.45% LargeCap Blend Russell 3000, IWV
0.44% Technology SPDR, XLK
0.44% DIAMONDS (DJIA), DIA
0.44% Value LargeCap Russell 3000, IWW
0.42% Realty Cohen & Steers, ICF
0.42% Australia Index, EWA
0.41% S&P 500 SPDRs LargeCap Blend, SPY
0.41% Financial Preferred, PGF
0.41% Industrial SPDR, XLI
0.41% LargeCap VIPERs, VV
0.41% Software H, SWH
0.40% Value VIPERs, VTV
0.40% Technology GS, IGM
0.38% Consumer Cyclical DJ, IYC
0.37% LargeCap Blend S&P 100, OEF
0.35% LargeCap Blend Total Market DJ, IYY
0.34% LargeCap Rydex Rus Top 50, XLG
0.33% Technology MS sT, MTK
0.32% Value 1000 Russell, IWD
0.30% S&P 500 iS LargeCap Blend, IVV
0.30% Value LargeCap Fundamental RAFI 1000, PRF
0.28% Growth Mid Cap Dynamic PS, PWJ
0.28% Telecom DJ US, IYZ
0.28% Growth VIPERs, VUG
0.27% 200% Short US T Bond, TBT
0.27% Health Care SPDR, XLV
0.26% Value LargeCap iS M, JKF
0.26% Lg Cap Growth PSD, PWB
0.25% Materials VIPERs, VAW
0.23% Materials SPDR, XLB
0.19% Preferred Stock iS, PFF
0.18% Natural Resource iS GS, IGE
0.17% Energy DJ, IYE
0.17% Homebuilders SPDR, XHB
0.16% Ultra QQQ Double, QLD
0.15% Growth S&P 500, RPG
0.13% Growth Large Cap, ELG
0.12% 200% Short Bond 7-10 Yr T, PST
0.12% Capital Markets KWB ST, KCE
0.11% Energy VIPERs, VDE
0.08% Growth LargeCap iS M, JKE
0.08% Energy SPDR, XLE
0.08% Biotech H, BBH
0.06% Telecom Services VIPERs, VOX
0.06% Energy Global, IXC
0.06% Growth LargeCap NASDAQ 100, QQQQ
0.05% Healthcare Global, IXJ
0.05% Basic Materials DJ US, IYM
0.00% MidCap Growth iS M, JKH
0.00% Value 40 Large Low P/E FT DB, FDV
0.00% Metals & Mining SPDR, XME
0.00% China LargeCap Growth G D H USX PS, PGJ
-0.01% Health Care VIPERs, VHT
-0.02% Financials VIPERs, VFH
-0.04% Bond, 1-3 Year Treasury, SHY
-0.12% Short 100% QQQ, PSQ
-0.20% Pharmaceutical H, PPH
-0.21% Biotech & Genome, PBE
-0.22% Retail H, RTH
-0.26% Healthcare DJ, IYH
-0.33% Oil Services H, OIH
-0.34% Bond, 10 Year Treasury, IEF
-0.37% Bond, Aggregate, AGG
-0.38% Financial DJ US, IYF
-0.40% Commodity Tracking, DBC
-0.42% Short 100% Dow 30, DOG
-0.44% Short 200% QQQ PS, QID
-0.44% Short 100% S&P 500, SH
-0.52% Bond, 20+ Years Treasury, TLT
-0.57% Financial Services DJ, IYG
-0.58% Bond, Corp, LQD
-0.59% Financial SPDR, XLF
-0.59% Bond, TIPS, TIP
-0.60% Internet Architecture H, IAH
-0.66% Bond High-Yield Corporate, HYG
-0.87% Short 200% S&P 500 PS, SDS
-0.94% Short 200% Dow 30 PS, DXD
-1.07% Bank Regional H, RKH
-1.09% Short 100% MidCap 400, MYY
-1.24% Oil, Crude, U.S. Oil Fund, USO
-1.28% Biotech SPDR, XBI
-1.68% Internet H, HHH
-1.95% Short 200% MidCap 400 PS, MZZ
stocks, s-p-500, russell-1000, nasdaq, etf
