RobertWColby's Commentaries
Daily Stock Market Commentary
Stock Market: consolidating gains.
Major stock price indexes turned down moderately on Tuesday, following large price rebounds on Monday.
Trading volume rose on Tuesday’s stock market decline. Clearly, that is not a confirmation of strength.
Stock price momentum oscillators turned back down, and still they lag the major stock price indexes.
Wednesday marks the final day for end of the quarter portfolio adjustments.
Foreign Stocks Relative Strength Ratio (EFA/SPY) broke down below the lows of the previous 3 weeks on 9/29/09, signaling a new short-term downtrend.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) moved above the highs of the previous 7 weeks on 9/29/09, confirming a short-term uptrend.
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
31.74% , CIT , CIT GROUP
17.64% , GCI , GANNETT
9.24% , WAG , WALGREEN
6.64% , LAMR , Lamar Advertising Company
6.00% , TNB , THOMAS & BETTS
10.87% , MCO , MOODYS CORP
5.01% , NYT , NY TIMES STK A
7.32% , MHP , MCGRAW HILL
6.69% , DYN , DYNEGY
3.97% , IPG , INTERPUBLIC GRP
0.39% , PMR , Retail, PMR
2.06% , MAR , MARRIOTT INTL STK A
3.04% , NBR , NABORS
3.39% , GT , GOODYEAR TIRE
2.62% , JCP , JC PENNEY
4.76% , HBAN , HUNTINGTON
1.66% , BIIB , BIOGEN IDEC
1.85% , NKE , NIKE STK B
2.70% , KSS , KOHLS
3.09% , PNC , PNC FINL SVC
1.88% , EOG , EOG RESOURCES
0.38% , FPX , IPOs, First Tr IPOX-100, FPX
0.44% , PXE , Energy Exploration & Prod, PXE
2.64% , RSH , RADIOSHACK
2.46% , PTEN , Patterson-UTI Energy Inc
2.23% , VFC , VF
1.16% , WYE , WYETH
0.55% , PPA , Aerospace & Defense, PPA
0.35% , JKI , Value MidCap iS M, JKI
0.77% , CEG , CONSTELL ENERGY
2.28% , AES , AES
2.25% , AZO , AUTOZONE
2.88% , LM , LEGG MASON
3.41% , CVS , CVS
2.84% , C , CITIGROUP
0.52% , ADRE , Emerging 50 BLDRS, ADRE
1.21% , PFE , PFIZER
2.00% , CMCSA , COMCAST HOLDINGS STK A
2.92% , BA , BOEING
1.83% , NOC , NORTHROP GRUMMAN
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-4.36% , SNV , SYNOVUS
-3.19% , AET , AETNA
-0.26% , SWH , Software H, SWH
-0.90% , IXP , Telecommunications Global, IXP
-3.19% , DELL , DELL
-2.45% , NSM , NATL SEMICONDUCT
-2.98% , TER , TERADYNE
-3.14% , FRE , FREDDIE MAC
-1.64% , XSD , Semiconductor SPDR, XSD
-2.64% , ADI , ANALOG DEVICES
-1.54% , WLP , WELLPOINT HEALTH
-1.97% , GPS , GAP
-1.52% , NOVL , NOVELL
-3.36% , LSI , LSI LOGIC
-0.33% , NY , Value LargeCap NYSE 100 iS, NY
-1.37% , ERIC.O , LM Ericsson Telephone Company
-1.72% , MCHP , Microchip Technology Incorporated
-1.88% , ISIL , INTERSIL CORP
-3.58% , LBTYA , Liberty Global Inc. (LBTYA)
-1.58% , HD , HOME DEPOT
-2.69% , AMD , ADV MICRO DEV
-4.74% , MBI , MBIA
-1.55% , AGN , ALLERGAN
-1.47% , SMH , Semiconductor H, SMH
-2.08% , EWJ , Japan Index, EWJ
-1.52% , CI , CIGNA
-0.11% , IGV , Software, IGV
-0.55% , MTK , Technology MS sT, MTK
-0.91% , VRSN , VeriSign Inc
-0.49% , IWC , Microcap Russell, IWC
-1.91% , UNP , UNION PACIFIC
-1.40% , IGW , Semiconductor iS GS, IGW
-1.98% , RF , REGIONS FINAN
-1.14% , LH , LAB CRP OF AMER
-0.65% , BDH , Broadband H, BDH
-1.93% , RYAAY , Ryanair Holdings plc
-1.20% , RHI , ROBERT HALF
-0.81% , JBL , JABIL CIRCUIT
-0.87% , IFF , INTL FLAV & FRAG
-0.71% , PBG , PEPSI BOTTLING
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 7 weeks on 9/29/09, confirming a short-term uptrend. 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.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) has been consolidating neutral sideways since 8/31/09.Still, 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.
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.
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) broke down below the lows of the previous 3 weeks on 9/29/09, signaling a new short-term downtrend. EFA/SPY broke out above previous 13-month highs on 9/9/09, signaling an intermediate-term uptrend. EFA outperformed from 10/27/08 to 9/9/09. So, trends conflict in different time frames. 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. But 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 consolidated losses after falling to new 10-week lows on 9/25/09. The short-term trend remains bearish. Look for potential support at previous lows of 65.05, 61.38, and 58.32. Look for potential resistance at previous pivot points of 67.66, 73.58, and 75.00.
Gold nearest futures contract price bounced after falling below the lows of the previous 3 weeks on 9/28/09, and confirming a short-term trend bearish. But longer-term trends remain bullish. 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) recovered partially after breaking down below the lows of the previous 3 weeks on 9/28/09. The trend is still down 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. This weakness metal may reflect doubts about the strength of the global economic recovery. 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 consolidated losses after falling below 5-week lows on 9/28/09, again confirming the short-term trend as bearish. This weakness in an important industrial metal may reflect doubts about the strength of the global economic recovery.
U.S. Treasury Bond December futures contract price rose further after moving above the highs of the previous 5 months on 9/28/09. Bonds remain bullish for the short term and the intermediate term. Watch for a test of the high of 122.24, based on the expired September futures contract. 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 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, but even that trend could be stalling out. 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 firmed up modestly since falling to a low of 76.045 on 9/23/09. The longer-term trends remain bearish. It may take a period of base building and bottom testing to halt these downtrends. Watch that 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 1.30 on 9/29/09, indicating mildly 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 rose to 0.61 on 9/29/09, 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
1,041.17, low of 9/25/2009
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
1.79% Homebuilders SPDR, XHB
1.17% Taiwan Index, EWT
0.87% Short 200% Dow 30 PS, DXD
0.82% Telecommunications & Wireless, PTE
0.80% Growth MidCap S&P 400, RFG
0.79% Short 200% QQQ PS, QID
0.71% Consumer Cyclical DJ, IYC
0.71% Oil & Gas, PXJ
0.60% Insurance, PIC
0.57% Mexico Index, EWW
0.55% Aerospace & Defense, PPA
0.55% Value MidCap Dynamic PS, PWP
0.55% Short 200% S&P 500 PS, SDS
0.52% Ultra MidCap400 Double, MVV
0.52% Emerging 50 BLDRS, ADRE
0.52% Consumer Staples VIPERs, VDC
0.51% Austria Index, EWO
0.48% Retail H, RTH
0.48% Value S&P 500, RPV
0.47% Consumer Staples SPDR, XLP
0.47% Consumer Discretionary SPDR, XLY
0.46% SmallCap Core iS M, JKJ
0.45% Latin Am 40, ILF
0.45% Australia Index, EWA
0.44% Canada Index, EWC
0.44% Energy Exploration & Prod, PXE
0.43% Growth MidCap 400 B, IJK
0.42% Short 100% Dow 30, DOG
0.42% Utilities DJ, IDU
0.42% MidCap Blend Core iS M, JKG
0.42% Oil Services H, OIH
0.41% Pharmaceutical H, PPH
0.41% Consumer D. VIPERs, VCR
0.39% Retail, PMR
0.39% Gold Shares S.T., GLD
0.39% Hong Kong Index, EWH
0.38% IPOs, First Tr IPOX-100, FPX
0.36% Dividend SPDR, SDY
0.36% Short 100% QQQ, PSQ
0.35% Value MidCap iS M, JKI
0.35% Utilities VIPERs, VPU
0.34% Dividend DJ Select, DVY
0.33% MidCap S&P 400 SPDRs, MDY
0.32% United Kingdom Index, EWU
0.32% Telecom DJ US, IYZ
0.32% MidCap Growth iS M, JKH
0.29% Telecom Services VIPERs, VOX
0.28% Value SmallCap iS M, JKL
0.28% Natural Resource iS GS, IGE
0.27% MidCap S&P 400 iS, IJH
0.27% Consumer Non-Cyclical, IYK
0.26% Dividend High Yield Equity PS, PEY
0.26% Capital Markets KWB ST, KCE
0.25% Growth Mid Cap Dynamic PS, PWJ
0.24% Extended Mkt VIPERs, VXF
0.23% Short 100% S&P 500, SH
0.23% Emerging Markets, EEM
0.22% Value MidCap Russell, IWS
0.22% Growth S&P 500, RPG
0.21% Utilities H, UTH
0.21% Growth MidCap Russell, IWP
0.20% MidCap Russell, IWR
0.20% Utilities SPDR, XLU
0.20% Materials VIPERs, VAW
0.20% Pacific ex-Japan, EPP
0.19% Singapore Index, EWS
0.18% Brazil Index, EWZ
0.17% Short 200% Bond 7-10 Yr T, PST
0.16% Small Cap VIPERs, VB
0.16% Value Small Cap DJ, DSV
0.15% Italy Index, EWI
0.14% Health Care SPDR, XLV
0.13% Value LargeCap Fundamental RAFI 1000, PRF
0.13% South Korea Index, EWY
0.12% Food & Beverage, PBJ
0.11% Value SmallCap S&P 600, RZV
0.11% Basic Materials DJ US, IYM
0.11% Growth 1000 Russell, IWF
0.10% Materials SPDR, XLB
0.09% Value Line Timeliness MidCap Gr, PIV
0.09% MidCap VIPERs, VO
0.09% LargeCap Blend Dynamic PS, PWC
0.09% China LargeCap Growth G D H USX PS, PGJ
0.08% Building & Construction, PKB
0.08% Value SmallCap Dynamic PS, PWY
0.08% LargeCap Blend S&P=Weight R, RSP
0.08% Internet H, HHH
0.08% Value MidCap S&P 400 B, IJJ
0.07% Value SmallCap VIPERS, VBR
0.07% Dividend International, PID
0.07% Dividend Leaders, FDL
0.06% Value LargeCap Dynamic PS, PWV
0.06% Pharmaceuticals, PJP
0.04% Metals & Mining SPDR, XME
0.03% Biotech & Genome, PBE
0.03% Utilities, PUI
0.00% WilderHill Clean Energy PS, PBW
0.00% Leisure & Entertainment, PEJ
0.00% Health Care VIPERs, VHT
0.00% Growth Large Cap, ELG
0.00% Energy Global, IXC
0.00% Industrials VIPERs, VIS
-0.01% Bond, 1-3 Year Treasury, SHY
-0.02% Industrial LargeCap Blend DJ US, IYJ
-0.02% China 25 iS, FXI
-0.03% Growth SmallCap VIPERs, VBK
-0.04% Growth BARRA Small Cap 600, IJT
-0.04% Bond, TIPS, TIP
-0.04% Bond, 10 Year Treasury, IEF
-0.05% Short 200% US T Bond, TBT
-0.05% Bond, Aggregate, AGG
-0.05% Netherlands Index, EWN
-0.05% Healthcare DJ, IYH
-0.06% Value LargeCap iS M, JKF
-0.06% Growth VIPERs, VUG
-0.06% Healthcare Global, IXJ
-0.06% SmallCap PS Zacks, PZJ
-0.07% LargeCap VIPERs, VV
-0.07% Growth LargeCap iS M, JKE
-0.08% LargeCap Blend NYSE Composite iS, NYC
-0.08% LargeCap Blend Russell 3000, IWV
-0.09% Value 40 Large Low P/E FT DB, FDV
-0.09% Value 1000 Russell, IWD
-0.09% Bond, 20+ Years Treasury, TLT
-0.09% Switzerland Index, EWL
-0.10% Value S&P 500 B, IVE
-0.10% Growth Small Cap DJ, DSG
-0.11% Value Large Cap DJ, ELV
-0.11% Software, IGV
-0.12% Bond, High-Yield Corporate, HYG
-0.12% Growth SmallCap Dynamic PS, PWT
-0.13% Silver Trust iS, SLV
-0.13% Emerging VIPERs, VWO
-0.13% Growth LargeCap Russell 3000, IWZ
-0.15% LargeCap Blend S&P 1500 iS, ISI
-0.15% Value VIPERs, VTV
-0.15% LargeCap 1000 R, IWB
-0.16% Europe 350 S&P Index, IEV
-0.17% Dividend Achievers PS, PFM
-0.17% Blend Total Market VIPERs, VTI
-0.17% SmallCap S&P 600, IJR
-0.18% Wilshire 5000 ST TM, TMW
-0.18% Europe 100 BLDRS, ADRU
-0.18% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.19% Growth SmallCap iS M, JKK
-0.20% Dividend Appreciation Vipers, VIG
-0.21% Global 100, IOO
-0.21% Lg Cap Growth PSD, PWB
-0.23% Industrial SPDR, XLI
-0.23% Growth SmallCap R 2000, IWO
-0.23% LargeCap Blend Total Market DJ, IYY
-0.23% Value LargeCap Euro STOXX 50 DJ, FEU
-0.23% Belgium Index, EWK
-0.24% Water Resources, PHO
-0.25% Value LargeCap Russell 3000, IWW
-0.25% Telecom H, TTH
-0.25% Financial Preferred, PGF
-0.25% Short 100% MidCap 400, MYY
-0.26% Software H, SWH
-0.26% Energy VIPERs, VDE
-0.28% Energy SPDR, XLE
-0.28% S&P 500 iS LargeCap Blend, IVV
-0.29% Financials Global LargeCap Value, IXG
-0.30% S&P 500 SPDRs LargeCap Blend, SPY
-0.30% Biotech H, BBH
-0.31% LargeCap Rydex Rus Top 50, XLG
-0.31% Germany Index, EWG
-0.32% Financial Services DJ, IYG
-0.33% Value SmallCap Russell 2000, IWN
-0.33% Financials VIPERs, VFH
-0.33% Growth S&P 500/BARRA, IVW
-0.33% Value LargeCap NYSE 100 iS, NY
-0.34% Energy DJ, IYE
-0.36% European VIPERs, VGK
-0.37% LargeCap Blend S&P 100, OEF
-0.37% Commodity Tracking, DBC
-0.38% Spain Index, EWP
-0.38% LargeCap Blend Socially Responsible iS, KLD
-0.39% OTC Dynamic PS, PWO
-0.39% Bond, Corp, LQD
-0.39% EMU Europe Index, EZU
-0.41% Micro Cap Zachs, PZI
-0.41% DIAMONDS (DJIA), DIA
-0.42% France Index, EWQ
-0.42% Biotech SPDR, XBI
-0.43% India Earnings WTree, EPI
-0.44% SmallCap Russell 2000, IWM
-0.45% Value EAFE MSCI, EFV
-0.45% Growth LargeCap NASDAQ 100, QQQQ
-0.45% LargeCap Blend Core iS M, JKD
-0.45% Financial DJ US, IYF
-0.46% Financial SPDR, XLF
-0.48% Technology Global, IXN
-0.49% Value SmallCap S&P 600 B, IJS
-0.49% Microcap Russell, IWC
-0.50% Internet Architecture H, IAH
-0.52% Developed 100 BLDRS, ADRD
-0.53% Technology SPDR, XLK
-0.55% Technology MS sT, MTK
-0.55% Software, PSJ
-0.55% Preferred Stock iS, PFF
-0.58% Ultra S&P500 Double, SSO
-0.58% Oil, Crude, U.S. Oil Fund, USO
-0.60% EAFE Index, EFA
-0.62% Euro STOXX 50, FEZ
-0.67% Internet Infrastructure H, IIH
-0.68% Bank Regional H, RKH
-0.70% Networking, IGN
-0.71% Growth EAFE MSCI, EFG
-0.71% Technology GS, IGM
-0.75% Short 200% MidCap 400 PS, MZZ
-0.78% Technology DJ US, IYW
-0.79% Transportation Av DJ, IYT
-0.79% South Africa Index, EZA
-0.84% Ultra QQQ Double, QLD
-0.85% Info Tech VIPERs, VGT
-0.86% Global Titans, DGT
-0.89% Asia 50 BLDRS, ADRA
-0.90% Telecommunications Global, IXP
-0.91% Ultra Dow30 Double, DDM
-0.97% Pacific VIPERs, VPL
-0.97% Malaysia Index, EWM
-1.02% Nanotech Lux, PXN
-1.15% Sweden Index, EWD
-1.40% Semiconductor iS GS, IGW
-1.47% Semiconductor H, SMH
-1.48% Semiconductors, PSI
-1.52% REIT Wilshire, RWR
-1.62% REIT VIPERs, VNQ
-1.64% Semiconductor SPDR, XSD
-1.67% Real Estate US DJ, IYR
-1.79% Realty Cohen & Steers, ICF
-1.80% Japan LargeCap Blend TOPIX 150, ITF
-2.08% Japan Index, EWJ
-8.49% Internet B2B H, BHH
Tags: stocks | dow-theory | fibonacci | s-p500