RobertWColby's Commentaries
Daily Stock Market Update
Stock Market: A confluence of cycles might be bringing trend change.
Investor psychology may be shifting toward questioning “green shoots”.
The S&P 500 broke down below 5-day lows on Thursday.
Volume is falling as prices rise, and volume is rising as prices fall. That is Bearish.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) fell steeply. XLY dropped in my long-term rankings.
Energy (XLE) Stock Sector Relative Strength Ratio (XLE/SPY) broke down to a new 6-month low. XLE has been underperforming relative to the price of the commodity, crude oil.
Crude Oil August futures contract price broke down below 4-week lows.
NASDAQ Composite Relative Strength versus the S&P 500 moved up to an 8-year high.
Growth Stock/Value Stock Relative Strength Ratio soared to a 4-month high.
Russell 1000 Value ETF (IWD) plunged to a new 3-month low relative to SPY.
U.S. Treasury Bond September futures contract price rose to a 6-week high.
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
3.86% , MTB , M&T BANK
2.74% , SH , Short 100% S&P 500, SH
3.91% , LPX , LOUISIANA PAC
2.40% , DOG , Short 100% Dow 30, DOG
0.49% , IIH , Internet Infrastructure H, IIH
2.11% , PSQ , Short 100% QQQ, PSQ
0.15% , XLNX , XILINX
2.28% , LRCX , LAM RESEARCH CORP
5.74% , MZZ , Short 200% MidCap 400 PS, MZZ
0.78% , BAX , BAXTER INTL
4.55% , QID , Short 200% QQQ PS, QID
4.87% , DXD , Short 200% Dow 30 PS, DXD
5.45% , SDS , Short 200% S&P 500 PS, SDS
0.94% , LLTC , LINEAR TECH
0.09% , GT , GOODYEAR TIRE
0.22% , MCHP , Microchip Technology Incorporated
0.58% , VMC , VULCAN MATERIALS
0.20% , BRCM , BROADCOM STK A
0.45% , SYMC , SYMANTEC
0.24% , AGG , Bond, Aggregate, AGG
0.33% , IEF , Bond, 10 Year Treasury, IEF
0.15% , MKC , MCCORMICK
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-2.56% , PWC , LargeCap Blend Dynamic PS, PWC
-3.37% , DSV , Value Small Cap DJ, DSV
-3.03% , EWI , Italy Index, EWI
-5.37% , RZV , Value SmallCap S&P 600, RZV
-2.87% , RFV , Value MidCap S&P 400, RFV
-2.11% , ADRA , Asia 50 BLDRS, ADRA
-4.23% , RPV , Value S&P 500, RPV
-2.85% , PWV , Value LargeCap Dynamic PS, PWV
-2.48% , BBH , Biotech H, BBH
-2.25% , PFM , Dividend Achievers PS, PFM
-2.74% , RPG , Growth S&P 500, RPG
-2.96% , PJP , Pharmaceuticals, PJP
-1.99% , PSI , Semiconductors, PSI
-2.76% , JKF , Value LargeCap iS M, JKF
-2.41% , EWP , Spain Index, EWP
-6.51% , CIT , CIT GROUP
-4.91% , EXC , EXELON CORP
-1.58% , IYK , Consumer Non-Cyclical, IYK
-6.70% , R , RYDER SYSTEM
-3.92% , PZI , Micro Cap Zachs, PZI
-2.72% , PWO , OTC Dynamic PS, PWO
-6.01% , AIV , APT INV MNGMT
-6.38% , HAL , HALLIBURTON
-3.56% , JKJ , SmallCap Core iS M, JKJ
-2.50% , PWB , Lg Cap Growth PSD, PWB
-7.34% , RDC , ROWAN COMPANIES
-5.04% , CBS , CBS CORP.
-4.23% , KR , KROGER
-4.23% , ACE , ACE
-3.08% , PWY , Value SmallCap Dynamic PS, PWY
-3.42% , IGE , Natural Resource iS GS, IGE
-5.83% , VIA.B , VIACOM STK B
-5.79% , HOG , HARLEY DAVIDSON
-3.85% , ADRU , Europe 100 BLDRS, ADRU
-5.96% , EQR , EQUITY RESIDENT BEN INT
-4.56% , LOW , LOWES
-9.48% , BC , BRUNSWICK
-5.53% , RX , IMS HEALTH
-4.97% , UNH , UNITEDHEALTH GRP
-5.65% , BBY , BEST BUY
9 major U.S. stock sectors ranked 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 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.
Consumer Discretionary (XLY) Bearish, Underweight. The Relative Strength Ratio (XLY/SPY) fell steeply on 7/2/09 and broke down below 12-week lows on 6/24/09.
Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) rose to a new 2-month high on 6/22/09, 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 6/22/09.
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 6-month low on 7/2/09. Since 2/18/09, XLE has been underperforming 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 have been 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 7/2/09.
Growth Stock/Value Stock Relative Strength Ratio soared to a 4-month high on 7/2/06, which is Bullish.
Russell 1000 Value ETF (IWD) plunged to a new 3-month low relative to SPY. 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 August futures contract price broke down below 4-week lows. The big price run-up since February left oil overbought, and now oil is correcting 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 might be trying to bottom out since hitting a low at 913.2 on 6/23/09. From 6/3/09 to 6/23/09, Gold corrected a typical Fibonacci 61.8% retracement of its rise from 865.0 on 4/17/09 to 990.3 on 6/3/09. Longer term, Gold has been correcting and consolidating since making a peak at 1,033.9 on 3/17/08.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) turned upward on 10/27/08, and such an uptrend is Bullish for both GDX and Gold bullion.
U.S. Treasury Bond September futures contract price rose to a 6-week high of 119-095 on 07/02/09. Bonds are obviously 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 appears choppy, with a modest downside bias.
The Art of Contrary Thinking: The various surveys of investor sentiment are best considered as background factors. The majority of investors can be right for a long time before a major trend finally changes course. So, Contrary Thinking should be used with 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. From the stock market low on 3/9/09 to the high on 6/11/09, massive monetary and fiscal stimulation appeared to have had a positive impact on investor sentiment, but sentiment seems to be growing less positive since 6/11/09.
The Dow Theoryallows for a Secondary Reaction to the upside. 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 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-month 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.
A confluence of cycles in early July appears to be bringing trend change:
On 7/1/09, Uranus turned retrograde.
On 7/2/09, a Gann number cycle hit: 90 weeks (90 is 1/4 of a 360 degree cycle) from the 10/11/07 top.
On 7/2/09, a Fibonacci cycle hit: 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.
S&P 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
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
5.74% Short 200% MidCap 400 PS, MZZ
5.45% Short 200% S&P 500 PS, SDS
4.87% Short 200% Dow 30 PS, DXD
4.55% Short 200% QQQ PS, QID
3.02% Short 100% MidCap 400, MYY
2.74% Short 100% S&P 500, SH
2.40% Short 100% Dow 30, DOG
2.11% Short 100% QQQ, PSQ
0.49% Internet Infrastructure H, IIH
0.33% Bond, 10 Year Treasury, IEF
0.24% Bond, Aggregate, AGG
0.23% Bond, 20+ Years Treasury, TLT
0.11% Bond, 1-3 Year Treasury, SHY
0.01% Bond, Corp, LQD
-0.25% Bond, TIPS, TIP
-0.39% WilderHill Clean Energy PS, PBW
-0.55% Financial Preferred, PGF
-0.65% 200% Short US T Bond, TBT
-0.87% Taiwan Index, EWT
-0.87% Semiconductor H, SMH
-0.94% Semiconductor iS GS, IGW
-0.99% 200% Short Bond 7-10 Yr T, PST
-1.00% Malaysia Index, EWM
-1.21% Preferred Stock iS, PFF
-1.23% Gold Shares S.T., GLD
-1.46% Belgium Index, EWK
-1.49% Nanotech Lux, PXN
-1.51% Semiconductor SPDR, XSD
-1.58% Consumer Non-Cyclical, IYK
-1.71% Consumer Staples VIPERs, VDC
-1.74% Bond High-Yield Corporate, HYG
-1.99% Semiconductors, PSI
-2.03% Technology GS, IGM
-2.06% Insurance, PIC
-2.06% Healthcare Global, IXJ
-2.06% Internet Architecture H, IAH
-2.07% China LargeCap Growth G D H USX PS, PGJ
-2.10% Consumer Staples SPDR, XLP
-2.11% Asia 50 BLDRS, ADRA
-2.12% Technology DJ US, IYW
-2.13% Austria Index, EWO
-2.15% Telecom H, TTH
-2.16% Canada Index, EWC
-2.19% Software, IGV
-2.20% Growth LargeCap NASDAQ 100, QQQQ
-2.20% Japan Index, EWJ
-2.22% Info Tech VIPERs, VGT
-2.22% Commodity Tracking, DBC
-2.23% Switzerland Index, EWL
-2.24% Pharmaceutical H, PPH
-2.24% Technology Global, IXN
-2.25% Dividend Achievers PS, PFM
-2.25% Value Line Timeliness MidCap Gr, PIV
-2.25% Software H, SWH
-2.26% LargeCap Rydex Rus Top 50, XLG
-2.28% Materials VIPERs, VAW
-2.30% Healthcare DJ, IYH
-2.32% India Earnings WTree, EPI
-2.33% Technology MS sT, MTK
-2.36% Dividend Appreciation Vipers, VIG
-2.37% Growth VIPERs, VUG
-2.37% Telecommunications Global, IXP
-2.37% Software, PSJ
-2.39% Health Care SPDR, XLV
-2.40% IPOs, First Tr IPOX-100, FPX
-2.40% DIAMONDS (DJIA), DIA
-2.40% United Kingdom Index, EWU
-2.40% Growth Large Cap, ELG
-2.41% Spain Index, EWP
-2.41% Telecom Services VIPERs, VOX
-2.42% Growth LargeCap iS M, JKE
-2.43% Value Large Cap DJ, ELV
-2.43% Utilities, PUI
-2.44% Basic Materials DJ US, IYM
-2.44% Health Care VIPERs, VHT
-2.45% Dividend SPDR, SDY
-2.45% Global Titans, DGT
-2.48% Biotech H, BBH
-2.48% Wilshire 5000 ST TM, TMW
-2.49% MidCap Blend Core iS M, JKG
-2.50% LargeCap Blend S&P 100, OEF
-2.50% Lg Cap Growth PSD, PWB
-2.51% Dividend International, PID
-2.51% Networking, IGN
-2.52% Technology SPDR, XLK
-2.52% Growth LargeCap NASDAQ Fidelity, ONEQ
-2.54% Growth Mid Cap Dynamic PS, PWJ
-2.56% LargeCap Blend Dynamic PS, PWC
-2.57% Growth EAFE MSCI, EFG
-2.59% Internet H, HHH
-2.59% Growth 1000 Russell, IWF
-2.60% LargeCap Blend Core iS M, JKD
-2.61% LargeCap Blend Total Market DJ, IYY
-2.61% Dividend Leaders, FDL
-2.61% Japan LargeCap Blend TOPIX 150, ITF
-2.62% Food & Beverage, PBJ
-2.62% Blend Total Market VIPERs, VTI
-2.64% Growth MidCap 400 B, IJK
-2.65% Growth S&P 500/BARRA, IVW
-2.65% Brazil Index, EWZ
-2.66% Pacific VIPERs, VPL
-2.70% Metals & Mining SPDR, XME
-2.72% Mexico Index, EWW
-2.72% OTC Dynamic PS, PWO
-2.72% LargeCap VIPERs, VV
-2.73% S&P 500 SPDRs LargeCap Blend, SPY
-2.74% Emerging Markets, EEM
-2.74% Growth S&P 500, RPG
-2.74% MidCap Growth iS M, JKH
-2.75% Materials SPDR, XLB
-2.75% Global 100, IOO
-2.76% Value LargeCap iS M, JKF
-2.76% Netherlands Index, EWN
-2.76% S&P 500 iS LargeCap Blend, IVV
-2.77% LargeCap Blend Socially Responsible iS, KLD
-2.77% Value MidCap Dynamic PS, PWP
-2.78% Capital Markets KWB ST, KCE
-2.81% Value LargeCap NYSE 100 iS, NY
-2.83% Growth LargeCap Russell 3000, IWZ
-2.84% MidCap S&P 400 SPDRs, MDY
-2.84% Value LargeCap Fundamental RAFI 1000, PRF
-2.84% Utilities DJ, IDU
-2.85% LargeCap Blend S&P 1500 iS, ISI
-2.85% Aerospace & Defense, PPA
-2.85% Value S&P 500 B, IVE
-2.85% Value LargeCap Dynamic PS, PWV
-2.86% Emerging VIPERs, VWO
-2.87% Utilities SPDR, XLU
-2.88% EAFE Index, EFA
-2.88% Silver Trust iS, SLV
-2.89% Utilities VIPERs, VPU
-2.90% MidCap S&P 400 iS, IJH
-2.91% Telecom DJ US, IYZ
-2.92% European VIPERs, VGK
-2.94% Latin Am 40, ILF
-2.94% Biotech SPDR, XBI
-2.94% Growth SmallCap iS M, JKK
-2.95% Retail H, RTH
-2.96% Pharmaceuticals, PJP
-2.97% LargeCap Blend NYSE Composite iS, NYC
-2.98% Dividend DJ Select, DVY
-2.99% Telecommunications & Wireless, PTE
-2.99% Leisure & Entertainment, PEJ
-3.00% Value VIPERs, VTV
-3.00% Industrial LargeCap Blend DJ US, IYJ
-3.00% Growth MidCap Russell, IWP
-3.01% Utilities H, UTH
-3.01% Value MidCap iS M, JKI
-3.03% Italy Index, EWI
-3.03% Value MidCap S&P 400 B, IJJ
-3.04% Industrials VIPERs, VIS
-3.06% Financial Services DJ, IYG
-3.07% Value EAFE MSCI, EFV
-3.07% MidCap VIPERs, VO
-3.08% Value SmallCap Dynamic PS, PWY
-3.09% LargeCap Blend Russell 3000, IWV
-3.09% South Korea Index, EWY
-3.10% Dividend High Yield Equity PS, PEY
-3.11% Emerging 50 BLDRS, ADRE
-3.11% Europe 350 S&P Index, IEV
-3.12% Energy Global, IXC
-3.13% Industrial SPDR, XLI
-3.14% South Africa Index, EZA
-3.15% Consumer Cyclical DJ, IYC
-3.15% France Index, EWQ
-3.17% Financials Global LargeCap Value, IXG
-3.17% Small Cap VIPERs, VB
-3.18% Value 40 Large Low P/E FT DB, FDV
-3.19% Growth SmallCap R 2000, IWO
-3.20% LargeCap Blend S&P=Weight R, RSP
-3.20% Extended Mkt VIPERs, VXF
-3.24% EMU Europe Index, EZU
-3.25% Growth SmallCap VIPERs, VBK
-3.28% Euro STOXX 50, FEZ
-3.30% Biotech & Genome, PBE
-3.31% China 25 iS, FXI
-3.32% Financial DJ US, IYF
-3.32% LargeCap 1000 R, IWB
-3.34% SmallCap S&P 600, IJR
-3.35% Growth Small Cap DJ, DSG
-3.35% Bank Regional H, RKH
-3.35% MidCap Russell, IWR
-3.37% Growth BARRA Small Cap 600, IJT
-3.37% Value Small Cap DJ, DSV
-3.38% Singapore Index, EWS
-3.39% Value SmallCap iS M, JKL
-3.41% Financials VIPERs, VFH
-3.42% Natural Resource iS GS, IGE
-3.45% Financial SPDR, XLF
-3.45% Building & Construction, PKB
-3.46% Microcap Russell, IWC
-3.46% Transportation Av DJ, IYT
-3.48% Homebuilders SPDR, XHB
-3.52% Value SmallCap VIPERS, VBR
-3.54% Hong Kong Index, EWH
-3.54% Value LargeCap Euro STOXX 50 DJ, FEU
-3.56% SmallCap Core iS M, JKJ
-3.59% Value SmallCap S&P 600 B, IJS
-3.64% Pacific ex-Japan, EPP
-3.65% Growth SmallCap Dynamic PS, PWT
-3.71% Consumer D. VIPERs, VCR
-3.76% Oil, Crude, U.S. Oil Fund, USO
-3.78% SmallCap Russell 2000, IWM
-3.82% Value LargeCap Russell 3000, IWW
-3.83% Value SmallCap Russell 2000, IWN
-3.84% Growth MidCap S&P 400, RFG
-3.85% SmallCap PS Zacks, PZJ
-3.85% Europe 100 BLDRS, ADRU
-3.85% Australia Index, EWA
-3.87% Retail, PMR
-3.87% Energy DJ, IYE
-3.90% Value 1000 Russell, IWD
-3.90% Value MidCap Russell, IWS
-3.92% Micro Cap Zachs, PZI
-3.92% Germany Index, EWG
-3.92% Energy Exploration & Prod, PXE
-4.00% Energy VIPERs, VDE
-4.01% Energy SPDR, XLE
-4.02% Water Resources, PHO
-4.05% Consumer Discretionary SPDR, XLY
-4.23% Value S&P 500, RPV
-4.24% Realty Cohen & Steers, ICF
-4.30% Ultra QQQ Double, QLD
-4.38% Developed 100 BLDRS, ADRD
-4.55% Real Estate US DJ, IYR
-4.67% Oil & Gas, PXJ
-4.78% Ultra Dow30 Double, DDM
-4.87% Oil Services H, OIH
-4.98% REIT Wilshire, RWR
-5.22% Sweden Index, EWD
-5.29% REIT VIPERs, VNQ
-5.37% Ultra S&P500 Double, SSO
-5.37% Value SmallCap S&P 600, RZV
-5.56% Internet B2B H, BHH
-5.68% Ultra MidCap400 Double, MVV
stocks, s-p-500, russell-1000, nasdaq, etf
