Stock Market: further confirmation of a Bearish intermediate-term trend.

Despite a bounce in the final 86 minutes of the day, most stocks closed lower. The S&P 500 cash index broke down to its lowest level in 8 weeks and closed below 879.61, the intraday low of 5/21/2009.

The Cumulative Daily Volume of Advancing Stocks-Volume of Declining Stocks Line broke down below its May-June lows. Volume is confirming the breakdown in the S&P 500.

The number of New Lows outnumbered the number of New Highs by 13 to 5 on the NYSE, for the greatest number of net new lows since 5/13/09. New Lows greater than New Highs is a Bearish signal.

Russell 1000 Value ETF (IWD) fell to a new 4-month low relative to SPY, which is Bearish for Value for the intermediate term.

Growth Stock/Value Stock Relative Strength Ratio soared to a 4-month high, which is relatively Bullish for Growth.

The Small Cap/Large Cap Ratio broke down below 5-week lows, which is relatively Bearish for Small Caps for the intermediate term.

Consumer Staples and Health Care Stock Sectors Relative Strength Ratios jumped up to new 3-month highs, indicating a defensive tone to the stock market.

Financial Stock Sector Relative Strength Ratio (XLF/SPY) broke down to a new 9-week low, showing renewed weakness.

U.S. Treasury Bond September futures contract price rose above 7-week highs, which is Bullish for the intermediate term.

Bond quality ratios (LQD/TLT) broke down below 5-week lows, suggesting a diminished appetite for risk.

Crude Oil price broke down below 7-week lows, which is Bearish for the intermediate term.

Gold August futures contract price broke down below 9-week lows, which is Bearish for the intermediate term.

CRB commodity price index broke down below 9-week lows, which is Bearish for the intermediate term.

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
3.03% , BHH , Internet B2B H, BHH
13.92% , AMGN , AMGEN
12.36% , FDO , FAMILY DLR STRS
8.96% , WFMI , Whole Foods Market Inc
5.11% , BBH , Biotech H, BBH
9.81% , CAR , Avis Budget Group, Inc. (CAR)
7.96% , DLTR , Dollar Tree Stores Inc
2.66% , PMR , Retail, PMR
6.64% , THC , TENET HEALTHCARE
7.07% , TIF , TIFFANY
0.87% , IYC , Consumer Cyclical DJ, IYC
1.04% , IXJ , Healthcare Global, IXJ
0.76% , HHH , Internet H, HHH
1.85% , TLT , Bond, 20+ Years Treasury, TLT
2.39% , APD , AIR PRODS & CHEM
2.74% , BBY , BEST BUY
3.32% , COST , COSTCO WHOLESAL
3.33% , MHP , MCGRAW HILL
3.06% , MHS , MEDCO HEALTH
2.70% , NBR , NABORS
2.94% , AN , AUTONATION
0.43% , SWH , Software H, SWH
4.30% , ROST , Ross Stores Inc
3.61% , JCP , JC PENNEY
2.44% , KR , KROGER
3.29% , BHI , BAKER HUGHES
3.18% , PTEN , Patterson-UTI Energy Inc
1.18% , LOW , LOWES
2.06% , YUM , YUM BRANDS
0.34% , IWZ , Growth LargeCap Russell 3000, IWZ
0.64% , PIV , Value Line Timeliness MidCap Gr, PIV
2.01% , LUV , SOUTHWEST AIRLS
1.38% , NTRS , NORTHERN TRUST
1.84% , RDC , ROWAN COMPANIES
3.05% , AZO , AUTOZONE
2.50% , BBBY , BED BATH BEYOND
1.93% , ORCL , ORACLE
1.24% , SEE , SEALED AIR
1.82% , SNV , SYNOVUS
2.48% , KSS , KOHLS

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-0.80% , PWO , OTC Dynamic PS, PWO
-12.21% , GNW , GENWORTH FINANCIAL (NYSE:GNW)
-3.04% , FPX , IPOs, First Tr IPOX-100, FPX
-1.73% , IXG , Financials Global LargeCap Value, IXG
-1.11% , IGN , Networking, IGN
-0.90% , DSV , Value Small Cap DJ, DSV
-0.95% , DGT , Global Titans, DGT
-1.46% , RPV , Value S&P 500, RPV
-9.33% , HBAN , HUNTINGTON
-2.72% , ADRU , Europe 100 BLDRS, ADRU
-0.51% , EWK , Belgium Index, EWK
-2.62% , RFV , Value MidCap S&P 400, RFV
-5.65% , HIG , HARTFORD FINL
-3.67% , TBT , 200% Short US T Bond, TBT
-0.71% , IAH , Internet Architecture H, IAH
-3.38% , FITB , FIFTH THIRD BANC
-2.12% , PST , 200% Short Bond 7-10 Yr T, PST
-1.18% , PXQ , Networking, PXQ
-0.83% , XSD , Semiconductor SPDR, XSD
-7.36% , HGSI , Human Genome Sciences Inc
-8.04% , LPX , LOUISIANA PAC
-5.21% , HOT , STARWOOD HOTELS
-1.63% , TNB , THOMAS & BETTS
-1.25% , RZV , Value SmallCap S&P 600, RZV
-5.94% , LNC , LINCOLN NATL
-3.84% , ADSK , AUTODESK
-5.01% , MTG , MGIC INVESTMENT
-2.31% , GT , GOODYEAR TIRE
-1.74% , EWO , Austria Index, EWO
-2.53% , STI , SUNTRUST BANKS
-1.77% , SNDK , SanDisk Corporation
-3.63% , LEN , Lennar Corp. (LEN)
-5.00% , CECO , CAREER EDUCATION CORP
-5.48% , JNS , JANUS CAPITAL
-1.59% , GLD , Gold Shares S.T., GLD
-2.80% , GS , GOLDMAN SACHS
-3.40% , EPI , India Earnings WTree, EPI
-0.73% , VXF , Extended Mkt VIPERs, VXF
-0.53% , RFG , Growth MidCap S&P 400, RFG
-2.55% , BAC , BANK OF AMERICA

9 major U.S. stock sectors ranked in order of long-term relative strength:

Consumer Staples (XLP) Bearish, Underweight. The Relative Strength Ratio (XLP/SPY) jumped up to another new 3-month high on 7/8/09, indicating a defensive tone to the stock market.

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) jumped up to a new 3-month high on 7/8/09, indicating a defensive tone to the stock market.

Consumer Discretionary (XLY) Bearish, Underweight. The Relative Strength Ratio (XLY/SPY) broke down to a new 3-month low on 7/7/09, indicating weakness for cyclicals.

Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) jumped up to a new 3-month high on 7/6/09, indicating a more defensive tone to the stock market.

Materials (XLB) Bearish, Underweight. The Relative Strength Ratio (XLB/SPY) broke down to a new 3-month low on 7/7/09, indicating weakness for cyclicals.

Industrial (XLI) Bearish, Underweight. The Relative Strength Ratio (XLI/SPY) broke down to a new 3-month low on 7/8/09, indicating weakness for cyclicals.

Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) broke down to another new 8-month low on 7/7/09. 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 9-week low on 7/8/09, 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 and July.

Foreign stock index ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down to a new 6-week low on 6/30/06. 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 broke down below 2-week lows on 7/7/09. But on 7/2/09, the ratio moved up to an 8-year high. So, trends differ in different time frames.

Growth Stock/Value Stock Relative Strength Ratio soared to a 4-month high on 7/8/06, which is relatively Bullish for Growth.

Russell 1000 Value ETF (IWD) fell to a new 4-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 broke down below 5-week lows on 7/8/09.

Crude Oil August futures contract price broke down below 7-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 broke down below 9-week lows on 7/8/09, which is Bearish for the intermediate term. 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 down on 6/2/09, and that is Bearish for both GDX and Gold bullion.

U.S. Treasury Bond September futures contract price rose to a 7-week high on 7/8/09. Bonds remain Bullish for the short term.

Bond quality ratios (LQD/TLT) turned down since 6/10/09 and broke down to below 5-week lows on 7/8/09, 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 continues to consolidate losses since its low on 6/2/09.

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 42.7% Bulls versus 30.3% Bears as of 7/8/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.41, up from 1.38 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 the peak of the S&P 500 on 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: The A-D Line is showing positive, bullish divergence, holding up better than the major capitalization-weighted price indexes, such as the S&P 500. Specifically, the A-D Line is holding above its May-June lows, while the S&P 500 broke down below its May-June lows. Most of the time since year 2000, the A-D Line has outperformed the price indexes. Note that the A-D Line substantially underperformed the price indexes from 1956 to 2000, 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 mid- and small-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 mid- and small-capitalization stocks have outperformed the large capitalization stocks since the S&P 500 closing price low on 3/9/09, but they have lost momentum since early June.

The Cumulative Daily Volume of Advancing Stocks-Volume of Declining Stocks Line: The AV-DV Line broke down below its May-June lows, thereby confirming a similar breakdown in the S&P 500. In addition, at the June higher highs in the S&P 500, the AV-DV Line made lower highs, thereby offering negative, bearish divergence. Volume failed to confirm the uptrend in June, and volume is confirming the downtrend now.

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
883.87, Gann 75.0% of 2009 range

S&P 500 Cash Index Potential Support
879.56, close of 7/8/2009
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
869.32, low of 7/8/2009
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

5.11% Biotech H, BBH
3.03% Internet B2B H, BHH
2.66% Retail, PMR
1.90% Retail H, RTH
1.85% Bond, 20+ Years Treasury, TLT
1.19% Oil Services H, OIH
1.15% Bond, 10 Year Treasury, IEF
1.06% Pharmaceutical H, PPH
1.04% Healthcare Global, IXJ
0.93% Health Care SPDR, XLV
0.91% Bond, Corp, LQD
0.89% Ultra QQQ Double, QLD
0.87% Consumer Cyclical DJ, IYC
0.86% Ultra Dow30 Double, DDM
0.83% Consumer Discretionary SPDR, XLY
0.81% Short 200% MidCap 400 PS, MZZ
0.76% Internet H, HHH
0.68% Healthcare DJ, IYH
0.67% Growth Mid Cap Dynamic PS, PWJ
0.64% Value Line Timeliness MidCap Gr, PIV
0.63% Health Care VIPERs, VHT
0.61% Bond High-Yield Corporate, HYG
0.56% Consumer D. VIPERs, VCR
0.55% Bond, Aggregate, AGG
0.55% Short 100% MidCap 400, MYY
0.52% Growth LargeCap NASDAQ 100, QQQQ
0.48% Oil & Gas, PXJ
0.47% Pharmaceuticals, PJP
0.47% DIAMONDS (DJIA), DIA
0.46% Growth LargeCap iS M, JKE
0.45% Lg Cap Growth PSD, PWB
0.43% Consumer Staples SPDR, XLP
0.43% Growth VIPERs, VUG
0.43% Software H, SWH
0.39% Growth S&P 500/BARRA, IVW
0.36% Bond, TIPS, TIP
0.35% LargeCap Blend Core iS M, JKD
0.34% Growth LargeCap Russell 3000, IWZ
0.33% Consumer Staples VIPERs, VDC
0.29% Taiwan Index, EWT
0.28% Growth 1000 Russell, IWF
0.27% Technology GS, IGM
0.27% Short 200% S&P 500 PS, SDS
0.26% Growth Large Cap, ELG
0.26% LargeCap Rydex Rus Top 50, XLG
0.25% Value 40 Large Low P/E FT DB, FDV
0.23% Aerospace & Defense, PPA
0.21% Technology MS sT, MTK
0.18% Dividend Appreciation Vipers, VIG
0.17% Sweden Index, EWD
0.16% Bond, 1-3 Year Treasury, SHY
0.13% Growth LargeCap NASDAQ Fidelity, ONEQ
0.12% Short 100% S&P 500, SH
0.10% Growth S&P 500, RPG
0.09% Technology DJ US, IYW
0.08% Materials SPDR, XLB
0.06% Technology SPDR, XLK
0.05% Transportation Av DJ, IYT
0.02% Info Tech VIPERs, VGT
0.02% Energy SPDR, XLE
0.00% Switzerland Index, EWL
0.00% Malaysia Index, EWM
0.00% LargeCap VIPERs, VV
0.00% Japan Index, EWJ
-0.03% LargeCap Blend S&P 1500 iS, ISI
-0.03% LargeCap Blend Socially Responsible iS, KLD
-0.04% Consumer Non-Cyclical, IYK
-0.05% S&P 500 iS LargeCap Blend, IVV
-0.05% LargeCap Blend S&P 100, OEF
-0.06% South Korea Index, EWY
-0.07% S&P 500 SPDRs LargeCap Blend, SPY
-0.07% LargeCap Blend Total Market DJ, IYY
-0.10% Value SmallCap Dynamic PS, PWY
-0.11% Software, IGV
-0.11% LargeCap Blend Dynamic PS, PWC
-0.12% Growth MidCap Russell, IWP
-0.12% Germany Index, EWG
-0.12% Technology Global, IXN
-0.13% Ultra S&P500 Double, SSO
-0.14% Blend Total Market VIPERs, VTI
-0.14% Wilshire 5000 ST TM, TMW
-0.15% LargeCap 1000 R, IWB
-0.15% Dividend DJ Select, DVY
-0.16% Growth EAFE MSCI, EFG
-0.19% Dividend Achievers PS, PFM
-0.21% Utilities VIPERs, VPU
-0.23% Developed 100 BLDRS, ADRD
-0.24% Utilities DJ, IDU
-0.25% Energy VIPERs, VDE
-0.25% Utilities H, UTH
-0.25% Value LargeCap Dynamic PS, PWV
-0.25% Industrial LargeCap Blend DJ US, IYJ
-0.26% Energy DJ, IYE
-0.29% LargeCap Blend NYSE Composite iS, NYC
-0.29% MidCap S&P 400 SPDRs, MDY
-0.30% Value Large Cap DJ, ELV
-0.31% LargeCap Blend Russell 3000, IWV
-0.33% Dividend SPDR, SDY
-0.33% Asia 50 BLDRS, ADRA
-0.33% Pacific VIPERs, VPL
-0.33% MidCap Growth iS M, JKH
-0.34% Biotech SPDR, XBI
-0.35% MidCap S&P 400 iS, IJH
-0.35% Basic Materials DJ US, IYM
-0.38% LargeCap Blend S&P=Weight R, RSP
-0.38% EMU Europe Index, EZU
-0.39% Industrial SPDR, XLI
-0.39% MidCap Russell, IWR
-0.41% EAFE Index, EFA
-0.42% Value VIPERs, VTV
-0.43% Emerging 50 BLDRS, ADRE
-0.43% Short 100% Dow 30, DOG
-0.44% Growth MidCap 400 B, IJK
-0.44% Utilities SPDR, XLU
-0.45% MidCap VIPERs, VO
-0.46% Value SmallCap S&P 600 B, IJS
-0.48% Value S&P 500 B, IVE
-0.49% Building & Construction, PKB
-0.49% Short 100% QQQ, PSQ
-0.49% SmallCap S&P 600, IJR
-0.50% Micro Cap Zachs, PZI
-0.50% Value MidCap S&P 400 B, IJJ
-0.51% Global 100, IOO
-0.51% Belgium Index, EWK
-0.52% Industrials VIPERs, VIS
-0.52% Food & Beverage, PBJ
-0.53% Growth MidCap S&P 400, RFG
-0.53% Materials VIPERs, VAW
-0.54% Pacific ex-Japan, EPP
-0.54% Value SmallCap Russell 2000, IWN
-0.54% Preferred Stock iS, PFF
-0.59% Value MidCap Russell, IWS
-0.63% Natural Resource iS GS, IGE
-0.64% Growth SmallCap iS M, JKK
-0.64% Australia Index, EWA
-0.65% Small Cap VIPERs, VB
-0.65% MidCap Blend Core iS M, JKG
-0.67% Europe 350 S&P Index, IEV
-0.67% European VIPERs, VGK
-0.68% SmallCap Russell 2000, IWM
-0.68% Value LargeCap iS M, JKF
-0.69% Singapore Index, EWS
-0.70% Growth BARRA Small Cap 600, IJT
-0.70% Value LargeCap Russell 3000, IWW
-0.70% Telecommunications & Wireless, PTE
-0.70% Value SmallCap iS M, JKL
-0.70% Ultra MidCap400 Double, MVV
-0.71% Internet Architecture H, IAH
-0.71% Energy Exploration & Prod, PXE
-0.72% Value EAFE MSCI, EFV
-0.73% Extended Mkt VIPERs, VXF
-0.74% Value 1000 Russell, IWD
-0.74% Energy Global, IXC
-0.76% SmallCap Core iS M, JKJ
-0.77% Japan LargeCap Blend TOPIX 150, ITF
-0.79% China 25 iS, FXI
-0.80% Value LargeCap Fundamental RAFI 1000, PRF
-0.80% OTC Dynamic PS, PWO
-0.81% Software, PSJ
-0.81% Netherlands Index, EWN
-0.81% Growth SmallCap VIPERs, VBK
-0.82% Euro STOXX 50, FEZ
-0.82% Telecommunications Global, IXP
-0.82% Dividend Leaders, FDL
-0.82% Dividend International, PID
-0.83% Semiconductor SPDR, XSD
-0.85% Value SmallCap VIPERS, VBR
-0.85% Semiconductors, PSI
-0.87% Growth SmallCap R 2000, IWO
-0.88% Insurance, PIC
-0.88% Value MidCap Dynamic PS, PWP
-0.90% Value Small Cap DJ, DSV
-0.90% Semiconductor iS GS, IGW
-0.92% France Index, EWQ
-0.93% Value LargeCap Euro STOXX 50 DJ, FEU
-0.95% Global Titans, DGT
-0.95% REIT VIPERs, VNQ
-0.95% Utilities, PUI
-0.95% Value MidCap iS M, JKI
-0.98% Real Estate US DJ, IYR
-0.99% Growth Small Cap DJ, DSG
-1.02% Water Resources, PHO
-1.03% Dividend High Yield Equity PS, PEY
-1.04% Internet Infrastructure H, IIH
-1.05% Short 200% Dow 30 PS, DXD
-1.06% Hong Kong Index, EWH
-1.06% Realty Cohen & Steers, ICF
-1.09% REIT Wilshire, RWR
-1.10% Latin Am 40, ILF
-1.11% Financial Preferred, PGF
-1.11% Networking, IGN
-1.13% Emerging VIPERs, VWO
-1.16% Emerging Markets, EEM
-1.20% Homebuilders SPDR, XHB
-1.20% Telecom Services VIPERs, VOX
-1.23% Brazil Index, EWZ
-1.24% Commodity Tracking, DBC
-1.25% Value SmallCap S&P 600, RZV
-1.26% Spain Index, EWP
-1.26% United Kingdom Index, EWU
-1.29% Growth SmallCap Dynamic PS, PWT
-1.30% Italy Index, EWI
-1.31% Financials VIPERs, VFH
-1.33% Leisure & Entertainment, PEJ
-1.33% Short 200% QQQ PS, QID
-1.34% Bank Regional H, RKH
-1.36% Value LargeCap NYSE 100 iS, NY
-1.41% Metals & Mining SPDR, XME
-1.43% Microcap Russell, IWC
-1.46% Value S&P 500, RPV
-1.55% Silver Trust iS, SLV
-1.59% Gold Shares S.T., GLD
-1.61% Financial DJ US, IYF
-1.63% Semiconductor H, SMH
-1.65% Telecom DJ US, IYZ
-1.66% Biotech & Genome, PBE
-1.68% Financial SPDR, XLF
-1.69% Financial Services DJ, IYG
-1.73% Financials Global LargeCap Value, IXG
-1.74% Austria Index, EWO
-1.77% Mexico Index, EWW
-1.82% China LargeCap Growth G D H USX PS, PGJ
-2.12% Canada Index, EWC
-2.12% 200% Short Bond 7-10 Yr T, PST
-2.14% Nanotech Lux, PXN
-2.21% Capital Markets KWB ST, KCE
-2.52% SmallCap PS Zacks, PZJ
-2.68% South Africa Index, EZA
-2.72% Europe 100 BLDRS, ADRU
-2.73% Telecom H, TTH
-2.82% WilderHill Clean Energy PS, PBW
-3.04% IPOs, First Tr IPOX-100, FPX
-3.40% India Earnings WTree, EPI
-3.67% 200% Short US T Bond, TBT
-3.67% Oil, Crude, U.S. Oil Fund, USO