RobertWColby's Commentaries

Jul 15 2009

Daily Stock Market Update

Stock Market: minor oversold bounce continues.

The S&P 500 cash index rose above the highs of the previous 5 trading days. The trend remains Bullish for the very short term.

Volume contracted and remains at relatively low levels. Low volume suggests absence of strong demand for stocks.

VIX Fear Index fell to a 10-month low of 25.02 on 7/14/09, indicating bullish complacency displacing fear.

Foreign stock index ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down to another new 8-week low on 7/14/06.


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

15.85% , ABK , AMBAC FINL GRP
1.00% , EWN , Netherlands Index, EWN
1.93% , RFV , Value MidCap S&P 400, RFV
0.93% , UTH , Utilities H, UTH
1.78% , PXN , Nanotech Lux, PXN
6.80% , TIF , TIFFANY
6.97% , AM , AMER GREETINGS STK A
1.17% , ADRA , Asia 50 BLDRS, ADRA
5.82% , IPG , INTERPUBLIC GRP
0.80% , PWJ , Growth Mid Cap Dynamic PS, PWJ
5.72% , COF , CAPITAL ONE FNCL
4.69% , WHR , WHIRLPOOL
1.38% , RFG , Growth MidCap S&P 400, RFG
0.71% , PSJ , Software, PSJ
3.79% , TUP , TUPPERWARE
2.69% , NWL , NEWELL RUBBER
7.40% , CTB , COOPER TIRE
2.68% , RZV , Value SmallCap S&P 600, RZV
3.15% , EPP , Pacific ex-Japan, EPP
0.56% , JKF , Value LargeCap iS M, JKF
6.95% , CSX , CSX
5.39% , IGT , INTL GAME TECH
1.60% , IGW , Semiconductor iS GS, IGW
3.72% , NSC , NORFOLK SOUTHERN
0.67% , ELG , Growth Large Cap, ELG
0.84% , FDV , Value 40 Large Low P/E FT DB, FDV
3.28% , TBT , 200% Short US T Bond, TBT
1.02% , IGN , Networking, IGN
2.99% , JBL , JABIL CIRCUIT
3.29% , LLL , L-3 COMMS HLDGS
3.91% , JNS , JANUS CAPITAL
5.14% , TER , TERADYNE
3.96% , UNP , UNION PACIFIC
3.06% , DRI , DARDEN REST
0.85% , FDL , Dividend Leaders, FDL
2.86% , MRVL , MARVELL TECHNOLOGY
3.42% , RRD , RR DONNELLEY SON
2.92% , TXT , TEXTRON
1.42% , PKB , Building & Construction, PKB
5.44% , THC , TENET HEALTHCARE

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name

-7.55% , HUM , HUMANA
-8.06% , DELL , DELL
-12.73% , MTG , MGIC INVESTMENT
-2.28% , FMCN , Focus Media, FMCN
-0.64% , TTH , Telecom H, TTH
-0.66% , IEF , Bond, 10 Year Treasury, IEF
-1.50% , DYN , DYNEGY
-1.66% , TLT , Bond, 20+ Years Treasury, TLT
-0.96% , UNH , UNITEDHEALTH GRP
-1.63% , TBH , Telebras HOLDRS, TBH*
-1.51% , CMI , CUMMINS
-0.98% , XRAY , DENTSPLY International Inc
-0.86% , MWV , MEADWESTVACO
-1.62% , RDC , ROWAN COMPANIES
-0.84% , QLGC , QLOGIC
-0.41% , IXP , Telecommunications Global, IXP
-0.66% , PCG , PG&E
-0.63% , VMC , VULCAN MATERIALS
-1.22% , SVU , SUPERVALU
-0.24% , IYZ , Telecom DJ US, IYZ
-0.30% , HOG , HARLEY DAVIDSON
-0.39% , LH , LAB CRP OF AMER
-0.90% , INTU , INTUIT
-0.84% , XL , XL CAPITAL STK A
-0.22% , PBW , WilderHill Clean Energy PS, PBW
-0.37% , ADI , ANALOG DEVICES
-0.30% , AGG , Bond, Aggregate, AGG
-0.17% , PEY , Dividend High Yield Equity PS, PEY
-1.72% , AIG , AMER INTL GROUP
-1.23% , PTV , PACTIV
-1.35% , T , AT&T Corp., T
-0.22% , LQD , Bond, Corp, LQD
-0.48% , BIIB , BIOGEN IDEC
-0.63% , R , RYDER SYSTEM
-0.82% , GRMN , GARMIN LTD
-0.08% , TIP , Bond, TIPS, TIP
-0.19% , TAP , ADOLPH COORS STK B, TAP
-3.27% , PNC , PNC FINL SVC
-0.78% , STJ , ST JUDE MEDICAL
-0.11% , KMB , KIMBERLY CLARK

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 7/10/09.

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.

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 7/13/09. 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 10-week low on 7/10/09, 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 another new 8-week low on 7/14/06. 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 on 7/8/09. 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 6-week lows on 7/9/09.

Crude Oil August futures contract price broke down below 8-week lows on 7/13/09. Oil remains Bearish for the intermediate term. 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 has underperformed Crude Oil since 2/18/09. The XLE to Crude Oil Ratio broke down to a new 7-month low on 7/7/09.

Gold August futures contract price rose above the highs of the previous 4 trading days on 7/14/09. But just last week, on 7/8/09, Gold broke down below 9-week lows. Gold remains 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 fell to a 2-month low on 7/10/09. That is Bearish for both GDX and Gold bullion.

U.S. Treasury Bond September futures contract price broke down below the lows of the previous 4 trading days on 7/14/09. But just last week, on 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 broke down below the lows of the previous 4 trading days on 7/9/09, which is Bearish for the short term.

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 10-month low of 25.02 on 7/14/09, 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 10-month low of 26.03 on 7/14/09, indicating bullish complacency displacing fear. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio fell to 0.69 on 7/13/9, indicating neutral sentiment. The ratio’s 5-year mean is 0.67, median is 0.65, and its range is 0.35 to 1.35.

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 the mass mood seems to be growing less positive since the peak of the S&P 500 on 6/11/09 as data point to an economy still going down.

The Dow Theory allows 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 has been holding up better than the major capitalization-weighted price indexes, such as the S&P 500. The A-D Line has offered 7 positive, bullish divergences relative to the S&P 500 since May, 2008. These bullish divergences have not proved to be reliable signals, however, since the S&P 500 is down substantially over this past 14-month period. As of the close on 7/8/09, the A-D Line held above its May-June, 2009, lows, while the S&P 500 broke down below its May-June lows, for a bullish divergence. Based on all the positive, bullish divergences since May, 2008, this latest bullish divergence seems unlikely to prove to be a useful signal. 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 confirmed the downtrend in July.

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
970.61, Fibonacci 161.8% of July 2009 range
956.23, high of 6/11/2009
948.95, Fibonacci 127.2% of July 2009 range
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
923.03, Fibonacci 61.8% of June-July 2009 range
918.52, Fibonacci 78.6% of July 2009 range
912.79, Fibonacci 50.0% of June-July 2009 range

S&P 500 Cash Index Potential Support
896.50, low of 7/14/2009
883.87, Gann 75.0% of 2009 range
875.32, low of 7/13/2009
872.81, low of 7/10/2009
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


3.53% Australia Index, EWA
3.28% 200% Short US T Bond, TBT
3.15% Pacific ex-Japan, EPP
2.87% Canada Index, EWC
2.71% Homebuilders SPDR, XHB
2.68% Value SmallCap S&P 600, RZV
2.29% Oil & Gas, PXJ
2.22% Value S&P 500, RPV
2.18% India Earnings WTree, EPI
2.02% Europe 100 BLDRS, ADRU
1.94% China 25 iS, FXI
1.83% Natural Resource iS GS, IGE
1.78% Nanotech Lux, PXN
1.77% Semiconductor H, SMH
1.74% Retail, PMR
1.69% Singapore Index, EWS
1.63% Ultra MidCap400 Double, MVV
1.62% Energy Exploration & Prod, PXE
1.61% MidCap Blend Core iS M, JKG
1.60% Semiconductor iS GS, IGW
1.58% Growth SmallCap Dynamic PS, PWT
1.57% Consumer D. VIPERs, VCR
1.56% Consumer Discretionary SPDR, XLY
1.55% Internet Infrastructure H, IIH
1.52% 200% Short Bond 7-10 Yr T, PST
1.51% Hong Kong Index, EWH
1.50% Oil Services H, OIH
1.49% Energy VIPERs, VDE
1.47% Austria Index, EWO
1.47% Metals & Mining SPDR, XME
1.46% Industrial SPDR, XLI
1.45% Micro Cap Zachs, PZI
1.44% Energy DJ, IYE
1.44% Leisure & Entertainment, PEJ
1.44% Dividend International, PID
1.42% Building & Construction, PKB
1.39% SmallCap Core iS M, JKJ
1.38% Growth MidCap S&P 400, RFG
1.37% South Africa Index, EZA
1.36% Industrial LargeCap Blend DJ US, IYJ
1.35% Energy SPDR, XLE
1.34% Mexico Index, EWW
1.34% Industrials VIPERs, VIS
1.28% Energy Global, IXC
1.25% Semiconductors, PSI
1.22% Transportation Av DJ, IYT
1.22% Preferred Stock iS, PFF
1.21% REIT VIPERs, VNQ
1.21% LargeCap Blend NYSE Composite iS, NYC
1.18% Aerospace & Defense, PPA
1.18% Growth Small Cap DJ, DSG
1.17% Asia 50 BLDRS, ADRA
1.16% Ultra S&P500 Double, SSO
1.16% Real Estate US DJ, IYR
1.13% Value SmallCap iS M, JKL
1.11% SmallCap PS Zacks, PZJ
1.10% Developed 100 BLDRS, ADRD
1.09% Emerging Markets, EEM
1.07% LargeCap Blend S&P=Weight R, RSP
1.06% Value Small Cap DJ, DSV
1.04% Value Line Timeliness MidCap Gr, PIV
1.02% Networking, IGN
1.02% Emerging 50 BLDRS, ADRE
1.02% United Kingdom Index, EWU
1.01% Internet H, HHH
1.01% Semiconductor SPDR, XSD
1.00% Netherlands Index, EWN
0.99% Utilities DJ, IDU
0.99% Consumer Cyclical DJ, IYC
0.98% Value SmallCap VIPERS, VBR
0.97% Emerging VIPERs, VWO
0.97% MidCap Growth iS M, JKH
0.97% Belgium Index, EWK
0.97% Growth MidCap Russell, IWP
0.96% Growth MidCap 400 B, IJK
0.96% Extended Mkt VIPERs, VXF
0.95% Value SmallCap S&P 600 B, IJS
0.95% Financials Global LargeCap Value, IXG
0.95% Small Cap VIPERs, VB
0.95% MidCap Russell, IWR
0.94% Retail H, RTH
0.93% Value EAFE MSCI, EFV
0.93% Utilities H, UTH
0.92% Malaysia Index, EWM
0.91% Food & Beverage, PBJ
0.89% REIT Wilshire, RWR
0.89% Growth SmallCap iS M, JKK
0.89% Growth SmallCap VIPERs, VBK
0.88% Growth BARRA Small Cap 600, IJT
0.88% MidCap VIPERs, VO
0.88% Lg Cap Growth PSD, PWB
0.87% Value LargeCap Russell 3000, IWW
0.85% Dividend Leaders, FDL
0.84% Value 40 Large Low P/E FT DB, FDV
0.82% Value MidCap Russell, IWS
0.81% Global 100, IOO
0.80% MidCap S&P 400 iS, IJH
0.80% Value LargeCap Fundamental RAFI 1000, PRF
0.80% Growth Mid Cap Dynamic PS, PWJ
0.80% OTC Dynamic PS, PWO
0.78% LargeCap Blend Russell 3000, IWV
0.78% South Korea Index, EWY
0.78% Materials VIPERs, VAW
0.77% Utilities SPDR, XLU
0.77% Consumer Non-Cyclical, IYK
0.76% SmallCap S&P 600, IJR
0.76% Materials SPDR, XLB
0.75% Value VIPERs, VTV
0.74% Basic Materials DJ US, IYM
0.74% MidCap S&P 400 SPDRs, MDY
0.74% Value LargeCap Euro STOXX 50 DJ, FEU
0.73% Pharmaceuticals, PJP
0.73% Pharmaceutical H, PPH
0.72% Utilities VIPERs, VPU
0.72% Value MidCap Dynamic PS, PWP
0.71% Software, PSJ
0.71% Ultra QQQ Double, QLD
0.71% Growth S&P 500, RPG
0.71% Value MidCap S&P 400 B, IJJ
0.71% Blend Total Market VIPERs, VTI
0.70% LargeCap Blend Total Market DJ, IYY
0.70% Growth SmallCap R 2000, IWO
0.69% Consumer Staples VIPERs, VDC
0.69% Gold Shares S.T., GLD
0.68% Value SmallCap Dynamic PS, PWY
0.67% Growth Large Cap, ELG
0.67% Realty Cohen & Steers, ICF
0.66% Dividend Appreciation Vipers, VIG
0.66% Microcap Russell, IWC
0.66% LargeCap VIPERs, VV
0.66% Utilities, PUI
0.63% S&P 500 iS LargeCap Blend, IVV
0.61% Financial Preferred, PGF
0.61% Growth LargeCap Russell 3000, IWZ
0.61% Biotech & Genome, PBE
0.61% Value 1000 Russell, IWD
0.61% LargeCap 1000 R, IWB
0.61% Value S&P 500 B, IVE
0.60% LargeCap Blend Core iS M, JKD
0.60% Value SmallCap Russell 2000, IWN
0.60% LargeCap Blend S&P 1500 iS, ISI
0.59% SmallCap Russell 2000, IWM
0.59% Dividend SPDR, SDY
0.58% Taiwan Index, EWT
0.58% Pacific VIPERs, VPL
0.58% Wilshire 5000 ST TM, TMW
0.57% Ultra Dow30 Double, DDM
0.57% Germany Index, EWG
0.56% S&P 500 SPDRs LargeCap Blend, SPY
0.56% Growth VIPERs, VUG
0.56% Value LargeCap iS M, JKF
0.55% China LargeCap Growth G D H USX PS, PGJ
0.54% Value MidCap iS M, JKI
0.54% EAFE Index, EFA
0.53% Growth S&P 500/BARRA, IVW
0.52% Health Care VIPERs, VHT
0.52% Euro STOXX 50, FEZ
0.52% LargeCap Blend S&P 100, OEF
0.51% European VIPERs, VGK
0.50% Global Titans, DGT
0.49% Growth EAFE MSCI, EFG
0.49% Dividend DJ Select, DVY
0.49% Value LargeCap NYSE 100 iS, NY
0.48% Dividend Achievers PS, PFM
0.47% Growth LargeCap iS M, JKE
0.47% Growth 1000 Russell, IWF
0.47% Insurance, PIC
0.47% LargeCap Blend Dynamic PS, PWC
0.46% Health Care SPDR, XLV
0.46% LargeCap Rydex Rus Top 50, XLG
0.46% Silver Trust iS, SLV
0.46% IPOs, First Tr IPOX-100, FPX
0.45% Info Tech VIPERs, VGT
0.44% Value Large Cap DJ, ELV
0.44% Technology GS, IGM
0.43% Growth LargeCap NASDAQ Fidelity, ONEQ
0.43% Software, IGV
0.42% DIAMONDS (DJIA), DIA
0.40% Value LargeCap Dynamic PS, PWV
0.40% France Index, EWQ
0.39% Bond High-Yield Corporate, HYG
0.39% Technology DJ US, IYW
0.37% Growth LargeCap NASDAQ 100, QQQQ
0.36% Telecommunications & Wireless, PTE
0.36% Healthcare DJ, IYH
0.36% LargeCap Blend Socially Responsible iS, KLD
0.32% Italy Index, EWI
0.30% Technology MS sT, MTK
0.30% Consumer Staples SPDR, XLP
0.26% Europe 350 S&P Index, IEV
0.24% EMU Europe Index, EZU
0.21% Water Resources, PHO
0.20% Internet Architecture H, IAH
0.20% Technology Global, IXN
0.11% Technology SPDR, XLK
0.08% Spain Index, EWP
0.03% Capital Markets KWB ST, KCE
0.03% Latin Am 40, ILF
0.02% Financial DJ US, IYF
0.00% Telecom Services VIPERs, VOX
0.00% Sweden Index, EWD
0.00% Japan Index, EWJ
0.00% Commodity Tracking, DBC
-0.04% Biotech SPDR, XBI
-0.06% Switzerland Index, EWL
-0.07% Healthcare Global, IXJ
-0.07% Bond, 1-3 Year Treasury, SHY
-0.08% Bond, TIPS, TIP
-0.12% Software H, SWH
-0.13% Financials VIPERs, VFH
-0.17% Dividend High Yield Equity PS, PEY
-0.20% Japan LargeCap Blend TOPIX 150, ITF
-0.22% Bond, Corp, LQD
-0.22% WilderHill Clean Energy PS, PBW
-0.24% Telecom DJ US, IYZ
-0.26% Short 100% QQQ, PSQ
-0.26% Financial Services DJ, IYG
-0.28% Biotech H, BBH
-0.30% Short 100% Dow 30, DOG
-0.30% Bond, Aggregate, AGG
-0.41% Telecommunications Global, IXP
-0.42% Financial SPDR, XLF
-0.46% Brazil Index, EWZ
-0.53% Bank Regional H, RKH
-0.64% Telecom H, TTH
-0.64% Short 100% S&P 500, SH
-0.66% Bond, 10 Year Treasury, IEF
-0.80% Oil, Crude, U.S. Oil Fund, USO
-0.81% Short 100% MidCap 400, MYY
-0.93% Short 200% QQQ PS, QID
-0.99% Short 200% Dow 30 PS, DXD
-1.27% Short 200% S&P 500 PS, SDS
-1.65% Short 200% MidCap 400 PS, MZZ
-1.66% Bond, 20+ Years Treasury, TLT
-5.88% Internet B2B H, BHH



Tags: stocks | s-p-500 | russell-1000 | nasdaq | etf
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