RobertWColby's Commentaries
Daily Stock Market Commentary
Stock Market: a moderate movement toward risk aversion is evident.
Cyclical stocks have been underperforming over the past two weeks.
Materials and Industrial Stock Sectors Relative Strength Ratios both fell below the lows of the previous 3 weeks on 9/25/09, indicating that the short-term trend is down. Their intermediate-term uptrends may resume once the current short-term downtrend runs its course, however.
Major stock price indexes broke down below the lows of the previous 8 trading days, continuing short-term price pullbacks.
Stock price momentum oscillators turned down after 9/16/09, and they are still falling and showing bearish divergences for the short term.
Stock price trends beyond the short term remain bullish, however.
Crude Oil broke down below 8-week lows on 9/25/09.
Gold broke down below the lows of the previous 10 trading days.
U.S. Treasury Bond price moved above the highs of the previous 9 trading days and remains bullish for the short term. In addition, the bond price made a new 4-month high on 9/11/09, thereby confirming the intermediate-term trend as bullish.
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
15.84% , BC , BRUNSWICK
6.36% , SLE , SARA LEE
5.28% , LSI , LSI LOGIC
5.15% , FMCN , Focus Media, FMCN
3.97% , SUN , SUNOCO
1.81% , PFF , Preferred Stock iS, PFF
1.36% , EZA , South Africa Index, EZA
4.04% , DISH , EchoStar Communications
1.81% , HANS , Hansen Natural, HANS
3.17% , ACE , ACE
0.95% , PGF , Financial Preferred, PGF
0.59% , RAI , RJR TOBACCO HLDS
0.69% , EPI , India Earnings WTree, EPI
3.41% , OXY , OCCIDENTAL
1.14% , GD , GENERAL DYNAMICS
1.67% , TER , TERADYNE
2.80% , VLO , VALERO ENERGY
1.51% , SWY , SAFEWAY
0.86% , PTV , PACTIV
1.24% , HRB , H&R BLOCK
0.66% , ACS , AFFILIATED COMPUTER
0.83% , FPL , FPL GROUP INC
1.48% , MCD , MCDONALDS
0.38% , KG , KING PHARM
3.44% , SBUX , STARBUCKS
0.77% , MRK , MERCK & CO
0.80% , AN , AUTONATION
1.09% , WFMI , Whole Foods Market Inc
0.22% , NI , NISOURCE
0.80% , CTL , CENTURYTEL
1.34% , CEPH , Cephalon Inc
1.55% , ZMH , ZIMMER HLDGS
0.79% , NOV , NATIONAL OILWELL VARC0
1.22% , LMT , LOCKHEED MARTIN
0.32% , HPQ , HEWLETT PACKARD
0.26% , MV , METAVANTE TECHNOLOGIES, MV
0.44% , RTN , RAYTHEON
0.05% , ADRD , Developed 100 BLDRS, ADRD
0.18% , SGP , SCHERING PLOUGH
0.55% , AEE , AMEREN
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-0.86% , SWH , Software H, SWH
-17.04% , RIMM , RESEARCH IN MOTION LTD
-7.26% , CVG , CONVERGYS
-8.52% , KBH , KB HOME
-2.74% , GR , GOODRICH CORP
-1.14% , IGM , Technology GS, IGM
-2.71% , PLL , PALL
-2.43% , WMT , WAL MART STORES
-7.33% , PWER , POWER ONE
-0.80% , RFV , Value MidCap S&P 400, RFV
-3.21% , MDP , MEREDITH
-2.64% , DLTR , Dollar Tree Stores Inc
-2.36% , ADM , ARCHER DANIELS
-0.45% , IEV , Europe 350 S&P Index, IEV
-2.00% , COST , COSTCO WHOLESAL
-2.85% , TGT , TARGET
-2.39% , SHW , SHERWIN WILLIAMS
-2.86% , LM , LEGG MASON
-1.70% , TMO , THERMO ELECTRON
-2.51% , TXT , TEXTRON
-0.77% , JKK , Growth SmallCap iS M, JKK
-2.42% , NSC , NORFOLK SOUTHERN
-5.27% , JBL , JABIL CIRCUIT
-0.56% , PSI , Semiconductors, PSI
-2.63% , BSX , BOSTON SCIENT
-1.79% , TIF , TIFFANY
-2.64% , MOT , MOTOROLA
-1.09% , MTB , M&T BANK
-2.73% , DELL , DELL
-0.64% , JKE , Growth LargeCap iS M, JKE
-1.06% , PWY , Value SmallCap Dynamic PS, PWY
-0.90% , COL , ROCKWELL COLLINS
-1.45% , CEG , CONSTELL ENERGY
-0.63% , DGT , Global Titans, DGT
-0.31% , EWK , Belgium Index, EWK
-0.48% , EWP , Spain Index, EWP
-1.21% , ESRX , EXPRESS SCRIPTS
-2.25% , HON , HONEYWELL INTL
-2.54% , TBT , 200% Short US T Bond, TBT
-1.87% , COF , CAPITAL ONE FNCL
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) moved above the highs of the previous 5 weeks on 9/18/09 but has eased lower since. Intermediate term, the relative trend appears neutral/sideways since peaking on 4/30/09. XLY was strong from 11/19/08 to 4/30/09, and that past strength accounts for XLY’s high ranking here. Long term, the XLY/SPY trend was clearly down from 1/5/05 to 11/19/08.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) failed to follow through after breaking down below previous 3-month lows on 9/17/09. The short-term trend appears neutral. The XLK/SPY ratio rose to its highest level in 7 years on 7/22/09, confirming a long-term uptrend in effect since 9/30/02.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below the lows of the previous 3 weeks on 9/25/09, turning the short-term trend down. XLB/SPY was in an intermediate-term uptrend from its low on 12/5/08 to its high on 8/5/09, and that trend still may resume once the short-term downtrend runs its course.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) turned down in recent days. XLF has outperformed since 3/6/09. Longer term, XLF/SPY may still be in a secular Bear trend since its major top on 3/23/04.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) fell below the lows of the previous 3 weeks on 9/25/09, turning the short-term trend down. XLI/SPY was in an intermediate-term uptrend from its low on 3/6/09 to its high on 9/17/09, and that trend still may resume once the short-term downtrend runs its course.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) turned upward since 9/23/09, but that may have only short-term significance. XLV/SPY has been relatively weak since 2/23/09.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) turned upward since 9/17/09, but that may have only short-term significance. Longer term, XLP/SPY has been in a relatively weak trend since 11/20/08, and that trend may resume.
Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) turned down since 9/16/09, and still appears bearish for the short term. Longer term, XLE/SPY fell to a 10-month low on 8/17/09, to confirm a Bearish cycle phase in force since XLE/SPY peaked on 7/1/08.
Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) broke down below the previous 23-month lows on 9/22/09. XLU/SPY continues to trend lower after breaking down below the lows of the previous 17 months on 9/9/09. XLU has underperformed since 11/21/08, as the appetite for risk recovered.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) turned down for the short term on 9/24/09. The longer-term trends remain bullish, however.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) has stalled out after breaking out above previous 13-month highs on 9/9/09. EFA outperformed from 10/27/08 to 9/9/09, and that trend could resume. EFA is the ETF representing the EAFE, the international developed country stock markets, excluding the U.S. and Canada.
NASDAQ Composite/S&P 500 Relative Strength Ratio broke out above 7-week highs on 9/21/09, confirming a preexisting Bullish trend for the short-term. In addition, the long-term trend remains Bullish.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) turned up after 9/16/09, indicating a short-term uptrend. IWF/IWD fell below the lows of the previous 4 months on 9/16/09, confirming an intermediate-term downtrend. Long term, IWF/IWD Ratio was in an uptrend from 8/8/06 to 3/5/09, and it still could be possible that uptrend could resume.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) turned down after 9/18/09. IWD/SPY broke out above the highs of the previous 8 months on 9/18/09. The intermediate-term trend remains Bullish. Long term, the IWD RS Ratio remains in a Bearish Major Trend, underperforming the SPY since 3/22/07.
The S&P 500 equally weighted index relative to the S&P 500 capitalization weighted index turned down moderately after 9/16/09 and remains in a short-term downtrend. Longer term, the trend remains bullish. The ratio has been in a strong uptrend since making a low on 11/19/08.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) turned up since 9/16/09 but remains in a longer-term bearish trend. OEX/SPX has been in a significant downtrend since its high on 11/20/08. The largest capitalization stocks may continue to underperform the broader market.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) turned down after 9/18/09 and has been trending moderately lower since. Looking longer- term, IWM/SPY rose above the highs of the previous 11 months on 9/18/09, confirming that the intermediate-term trend remain was bullish. IWM/SPY made a 21-year high on 9/19/08, confirming that the long-term trend was bullish.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) turned down moderately after 9/16/09 and remains in a short-term downtrend. Longer term, the trend remains bullish. The MDY/SPY ratio has been in a strong uptrend since making a low on 11/21/08.
Crude Oil nearest futures contract price broke down below 8-week lows on 9/25/09. The short term trend is bearish. Look for potential support at previous lows of 61.38 and 58.32. Look for potential resistance at previous pivot points of 67.05, 67.66, 73.58, and 75.00.
Gold nearest futures contract price broke down below the lows of the previous 10 trading days on 9/25/09, confirming the short-term trend bearish. The next supports might be found around previous lows at 982.2, 940.3, 931.5, 925.2 and 904.8, based on the nearest futures contract. Resistance might be found around the high at 1,024.7 set on 9/17/09 and around the all-time high at 1,033.9.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) broke down below the lows of the previous 14 trading days on 9/23/09, suggesting a minor pullback for the short term. The ratio moved above previous 13-month highs on 9/17/09, again confirming a preexisting longer-term uptrend in effect since 10/27/08. This main trend remains bullish for both Gold bullion and Gold Mining Stocks.
Silver/Gold Ratio turned down moderately after 9/16/09 and remains in a short-term downtrend. Longer term, the trend remains bullish. The ratio has been trending higher since making a low on 10/10/08, indicating rising confidence in world economic recovery.
Copper nearest futures contract price broke down below 4-week lows on 9/24/09, confirming the short-term trend as bearish.
U.S. Treasury Bond nearest futures contract price moved above the highs of the previous 9 trading days on 9/25/09. Bonds remain bullish for the short term. Bonds made a new 4-month high of 121.13 on 9/11/09, thereby confirming the intermediate-term trend as Bullish. The Bond found short-term support at the lows of 117.18 set on 9/9/09 and at 116.30 set on 8/24/09. On 8/7/09, Bonds found support at the upper end of the 112-115 zone of many previous reversal points (including both lows and highs).
Bond quality ratio (LQD/TLT) turned down moderately after 9/16/09 and remains in a short-term downtrend. Longer term, the trend had been up from 12/19/08 to 8/7/09, as the appetite for risk recovered, and that trend still could resume. 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 nearest futures contract price downtrend paused last week. The short-term trend appears uncertain, but longer-term trends remain bearish. It may take a period of base building and bottom testing to halt these downtrends. Watch he low of 76.045 set on 9/23/09 for potential support.
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.
Insiders are selling: According to Vickers Weekly Insider Report, insiders sold 6.31 shares for every share bought. That is Bearish. In contrast, the ratio was 0.34-to-1 at the March 2009 lows.
Advisory Service Sentiment: There were 46.7% Bulls versus 24.4% Bears as of 9/23/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.91, down from 1.96 the previous week. The ratio was 2.61 on 8/26/09, the highest reading since 10/17/07. 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 remains locked within its 2-month range. VIX has been fluctuating sideways, between 23 and 30 since 7/10/09. VIX is down from a peak of 80.86 set on 11/20/08. 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 remains locked within its 2-month range. VXN has been fluctuating sideways, mostly between 24 and 30 since 7/10/09. VXN is down from a peak of 80.64 set on 11/20/08. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.
ISEE Call/Put Ratio rose to 1.24 on 9/25/09, still indicating bearish sentiment. The ratio’s 5-year mean is 1.43, median is 1.38, and its range is 0.51 to 3.16.
CBOE Put/Call Ratio fell to 0.58 on 9/25/09, indicating mildly bullish 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. Since the stock market low on 3/9/09, massive monetary and fiscal stimulation appears to have had an increasingly Bullish impact on investor sentiment.
The Dow Theory signaled a Primary Tide Bull Market on 7/23/09 when both the Dow-Jones Industrial Average the Dow-Jones Transportation Average closed above their May-June 2009 closing price highs. This reverses the previous signal: the two Averages signaled a Primary Tide Bear Market on 11/21/07, when both Averages closed below their closing price lows of August, 2007.
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
1,098.14, gap from 10/3/08 to 10/6/08
1,080.15, high of 9/23/2009
S&P 500 Cash Index Potential Support
1,035.00, low of 9/14/2009
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1,007.78, Gann 37.5% of 2007-2009 drop
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
930.17, high of 5/8/2009
869.32, low of 7/8/2009
826.83, low of 4/21/2009
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
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
1.81% Short 200% QQQ PS, QID
1.81% Preferred Stock iS, PFF
1.36% South Africa Index, EZA
1.27% Bond, 20+ Years Treasury, TLT
1.15% Short 200% MidCap 400 PS, MZZ
0.99% Brazil Index, EWZ
0.96% Australia Index, EWA
0.96% Internet Infrastructure H, IIH
0.95% Financial Preferred, PGF
0.90% Short 200% S&P 500 PS, SDS
0.85% Short 100% QQQ, PSQ
0.76% South Korea Index, EWY
0.74% Emerging VIPERs, VWO
0.69% India Earnings WTree, EPI
0.65% Short 200% Dow 30 PS, DXD
0.62% Short 100% MidCap 400, MYY
0.61% Pacific ex-Japan, EPP
0.55% Italy Index, EWI
0.54% Mexico Index, EWW
0.48% Short 100% S&P 500, SH
0.42% Emerging Markets, EEM
0.41% Latin Am 40, ILF
0.41% Value SmallCap S&P 600, RZV
0.40% Bond, 10 Year Treasury, IEF
0.38% Bond, Corp, LQD
0.38% Singapore Index, EWS
0.37% Value LargeCap Euro STOXX 50 DJ, FEU
0.34% REIT Wilshire, RWR
0.33% Hong Kong Index, EWH
0.33% Short 100% Dow 30, DOG
0.32% REIT VIPERs, VNQ
0.32% Realty Cohen & Steers, ICF
0.30% Bond, Aggregate, AGG
0.29% Malaysia Index, EWM
0.24% Oil & Gas, PXJ
0.23% Pharmaceutical H, PPH
0.22% Food & Beverage, PBJ
0.16% Telecom DJ US, IYZ
0.15% Bond, TIPS, TIP
0.13% Internet Architecture H, IAH
0.13% Emerging 50 BLDRS, ADRE
0.09% Oil, Crude, U.S. Oil Fund, USO
0.08% Taiwan Index, EWT
0.07% China 25 iS, FXI
0.07% Health Care SPDR, XLV
0.05% Developed 100 BLDRS, ADRD
0.03% Energy Global, IXC
0.00% Consumer Staples SPDR, XLP
-0.04% Bond, 1-3 Year Treasury, SHY
-0.06% Energy DJ, IYE
-0.07% Utilities, PUI
-0.07% Real Estate US DJ, IYR
-0.09% Telecom Services VIPERs, VOX
-0.10% Semiconductor SPDR, XSD
-0.10% Energy VIPERs, VDE
-0.11% Biotech SPDR, XBI
-0.12% Pharmaceuticals, PJP
-0.13% Energy SPDR, XLE
-0.15% Dividend International, PID
-0.16% Internet H, HHH
-0.17% Netherlands Index, EWN
-0.17% Oil Services H, OIH
-0.18% Health Care VIPERs, VHT
-0.20% France Index, EWQ
-0.20% Value Line Timeliness MidCap Gr, PIV
-0.21% EMU Europe Index, EZU
-0.22% Euro STOXX 50, FEZ
-0.23% Energy Exploration & Prod, PXE
-0.24% Semiconductor H, SMH
-0.24% Biotech & Genome, PBE
-0.24% Telecommunications & Wireless, PTE
-0.26% Healthcare DJ, IYH
-0.26% DIAMONDS (DJIA), DIA
-0.26% European VIPERs, VGK
-0.27% Value Large Cap DJ, ELV
-0.27% LargeCap Blend NYSE Composite iS, NYC
-0.27% Semiconductor iS GS, IGW
-0.27% Utilities SPDR, XLU
-0.28% Germany Index, EWG
-0.28% WilderHill Clean Energy PS, PBW
-0.29% Consumer Non-Cyclical, IYK
-0.29% Utilities VIPERs, VPU
-0.30% Consumer Staples VIPERs, VDC
-0.31% Belgium Index, EWK
-0.31% Micro Cap Zachs, PZI
-0.31% Biotech H, BBH
-0.32% Pacific VIPERs, VPL
-0.33% Bond, High-Yield Corporate, HYG
-0.33% Asia 50 BLDRS, ADRA
-0.34% Value LargeCap NYSE 100 iS, NY
-0.34% Utilities DJ, IDU
-0.34% Dividend Appreciation Vipers, VIG
-0.34% Dividend DJ Select, DVY
-0.35% Software, IGV
-0.37% Wilshire 5000 ST TM, TMW
-0.37% Aerospace & Defense, PPA
-0.37% Growth EAFE MSCI, EFG
-0.38% Natural Resource iS GS, IGE
-0.38% Value 40 Large Low P/E FT DB, FDV
-0.40% Software, PSJ
-0.41% Value EAFE MSCI, EFV
-0.41% Utilities H, UTH
-0.41% Europe 100 BLDRS, ADRU
-0.42% LargeCap VIPERs, VV
-0.42% Dividend Leaders, FDL
-0.42% EAFE Index, EFA
-0.43% Value SmallCap S&P 600 B, IJS
-0.43% Microcap Russell, IWC
-0.44% S&P 500 iS LargeCap Blend, IVV
-0.44% SmallCap S&P 600, IJR
-0.44% Growth Mid Cap Dynamic PS, PWJ
-0.44% Value LargeCap Dynamic PS, PWV
-0.45% Europe 350 S&P Index, IEV
-0.45% Growth BARRA Small Cap 600, IJT
-0.46% Dividend SPDR, SDY
-0.46% Value MidCap Russell, IWS
-0.46% LargeCap Blend Core iS M, JKD
-0.46% Value Small Cap DJ, DSV
-0.47% SmallCap PS Zacks, PZJ
-0.47% Austria Index, EWO
-0.47% China LargeCap Growth G D H USX PS, PGJ
-0.48% Spain Index, EWP
-0.48% Growth S&P 500/BARRA, IVW
-0.49% LargeCap Blend Russell 3000, IWV
-0.49% Value 1000 Russell, IWD
-0.49% LargeCap Blend S&P 100, OEF
-0.49% OTC Dynamic PS, PWO
-0.50% MidCap S&P 400 iS, IJH
-0.50% LargeCap 1000 R, IWB
-0.50% Growth SmallCap Dynamic PS, PWT
-0.51% Telecommunications Global, IXP
-0.51% LargeCap Blend Socially Responsible iS, KLD
-0.51% Extended Mkt VIPERs, VXF
-0.52% Growth 1000 Russell, IWF
-0.53% Lg Cap Growth PSD, PWB
-0.53% S&P 500 SPDRs LargeCap Blend, SPY
-0.54% Financials Global LargeCap Value, IXG
-0.54% Healthcare Global, IXJ
-0.54% Technology DJ US, IYW
-0.54% LargeCap Rydex Rus Top 50, XLG
-0.55% Value VIPERs, VTV
-0.56% Semiconductors, PSI
-0.56% Gold Shares S.T., GLD
-0.57% Growth SmallCap R 2000, IWO
-0.57% Value LargeCap Russell 3000, IWW
-0.57% Value MidCap iS M, JKI
-0.57% Value MidCap Dynamic PS, PWP
-0.59% LargeCap Blend Dynamic PS, PWC
-0.59% MidCap S&P 400 SPDRs, MDY
-0.59% Consumer Discretionary SPDR, XLY
-0.59% Value S&P 500 B, IVE
-0.60% Value LargeCap iS M, JKF
-0.61% MidCap VIPERs, VO
-0.61% Value MidCap S&P 400 B, IJJ
-0.61% LargeCap Blend S&P 1500 iS, ISI
-0.61% SmallCap Russell 2000, IWM
-0.62% Telecom H, TTH
-0.62% MidCap Russell, IWR
-0.62% MidCap Growth iS M, JKH
-0.63% Technology SPDR, XLK
-0.63% Nanotech Lux, PXN
-0.63% Global Titans, DGT
-0.64% Leisure & Entertainment, PEJ
-0.64% Growth LargeCap Russell 3000, IWZ
-0.64% Growth LargeCap iS M, JKE
-0.64% Growth MidCap Russell, IWP
-0.64% Blend Total Market VIPERs, VTI
-0.65% United Kingdom Index, EWU
-0.65% Growth VIPERs, VUG
-0.66% Value SmallCap Russell 2000, IWN
-0.66% Global 100, IOO
-0.66% SmallCap Core iS M, JKJ
-0.66% Ultra Dow30 Double, DDM
-0.66% Insurance, PIC
-0.67% Dividend High Yield Equity PS, PEY
-0.67% LargeCap Blend Total Market DJ, IYY
-0.67% Consumer D. VIPERs, VCR
-0.67% Dividend Achievers PS, PFM
-0.69% Growth MidCap 400 B, IJK
-0.70% Value SmallCap iS M, JKL
-0.70% Info Tech VIPERs, VGT
-0.71% Small Cap VIPERs, VB
-0.71% Bank Regional H, RKH
-0.72% Consumer Cyclical DJ, IYC
-0.72% MidCap Blend Core iS M, JKG
-0.73% Value SmallCap VIPERS, VBR
-0.74% Growth SmallCap VIPERs, VBK
-0.76% LargeCap Blend S&P=Weight R, RSP
-0.77% Growth SmallCap iS M, JKK
-0.79% Growth Large Cap, ELG
-0.79% Commodity Tracking, DBC
-0.79% Japan Index, EWJ
-0.81% Technology Global, IXN
-0.84% Growth S&P 500, RPG
-0.84% Growth Small Cap DJ, DSG
-0.84% Industrials VIPERs, VIS
-0.85% Value S&P 500, RPV
-0.85% Japan LargeCap Blend TOPIX 150, ITF
-0.85% Sweden Index, EWD
-0.86% Retail, PMR
-0.86% Software H, SWH
-0.86% Value LargeCap Fundamental RAFI 1000, PRF
-0.86% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.88% Growth LargeCap NASDAQ 100, QQQQ
-0.90% Financial DJ US, IYF
-0.91% Growth MidCap S&P 400, RFG
-0.92% Short 200% Bond 7-10 Yr T, PST
-0.92% Financials VIPERs, VFH
-0.94% Ultra S&P500 Double, SSO
-0.95% Financial SPDR, XLF
-0.96% Water Resources, PHO
-0.97% Materials SPDR, XLB
-1.00% IPOs, First Tr IPOX-100, FPX
-1.00% Canada Index, EWC
-1.03% Industrial LargeCap Blend DJ US, IYJ
-1.06% Value SmallCap Dynamic PS, PWY
-1.06% Switzerland Index, EWL
-1.14% Technology GS, IGM
-1.15% Materials VIPERs, VAW
-1.16% Capital Markets KWB ST, KCE
-1.18% Ultra MidCap400 Double, MVV
-1.32% Building & Construction, PKB
-1.39% Transportation Av DJ, IYT
-1.40% Industrial SPDR, XLI
-1.43% Retail H, RTH
-1.45% Financial Services DJ, IYG
-1.46% Basic Materials DJ US, IYM
-1.47% Technology MS sT, MTK
-1.56% Silver Trust iS, SLV
-1.74% Ultra QQQ Double, QLD
-1.94% Networking, IGN
-2.10% Metals & Mining SPDR, XME
-2.30% Homebuilders SPDR, XHB
-2.54% Short 200% US T Bond, TBT
-4.35% Internet B2B H, BHH
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