RobertWColby's Commentaries
Daily Stock Market Commentary
Stock Market: rising volume confirmed price weakness.
Major stock price indexes fell moderately both on Tuesday and on Wednesday.
Trading volume rose both days as prices fell, thereby confirming the new downtrend.
On Balance Volume for the SPY broke down below the lows of the previous 6 weeks on Wednesday. Volume is weaker than price.
Stock price momentum oscillators still lag the major stock price indexes.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) broke down below the lows of the previous 2 weeks on 9/30/09.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose above previous 8-week highs on 9/30/09. The short-term trend is bullish, and the longer-term trends remain bullish.
Technology Stock Sector Relative Strength Ratio (XLK/SPY) broke out above the highs of the previous 8 weeks on 9/30/09. The short-term trend now appears bullish. 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.
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
12.34% , AMP , Ameriprise Financial Inc.
4.53% , TBH , Telebras HOLDRS, TBH
9.20% , JBL , JABIL CIRCUIT
7.05% , HBAN , HUNTINGTON
7.67% , NKE , NIKE STK B
0.52% , IGN , Networking, IGN
2.99% , YUM , YUM BRANDS
5.48% , USO , Oil, Crude, U.S. Oil Fund, USO
1.65% , CHKP , Check Point Software Technologies Ltd
3.18% , VRSN , VeriSign Inc
1.48% , EWO , Austria Index, EWO
1.01% , EWK , Belgium Index, EWK
3.08% , SLV , Silver Trust iS, SLV
3.62% , ADM , ARCHER DANIELS
3.23% , NVDA , NVIDIA
1.16% , ILF , Latin Am 40, ILF
1.76% , LRCX , LAM RESEARCH CORP
2.36% , KMB , KIMBERLY CLARK
1.50% , IAU , Gold COMEX iS, IAU
0.47% , VWO , Emerging VIPERs, VWO
2.81% , SYMC , SYMANTEC
2.98% , C , CITIGROUP
1.81% , CCE , COCA COLA ENTER
3.89% , FLEX , Flextronics International Ltd
1.22% , GPC , GENUINE PARTS
1.55% , THC , TENET HEALTHCARE
2.80% , DBC , Commodity Tracking, DBC
1.79% , AMZN , Amazoncom Inc
1.87% , Q , QWEST COMMUNICAT
0.85% , MV , METAVANTE TECHNOLOGIES, MV
0.62% , EEM , Emerging Markets, EEM
2.96% , MOLX , MOLEX
1.46% , GLD , Gold Shares S.T., GLD
1.75% , SUN , SUNOCO
2.03% , NTAP , NETWK APPLIANCE
1.82% , ABC , AMERISOURCEBERGN
2.29% , EOG , EOG RESOURCES
1.59% , EWZ , Brazil Index, EWZ
2.14% , MOT , MOTOROLA
1.77% , JNPR , Juniper Networks Inc
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-45.00% , CIT , CIT GROUP
-12.25% , WOR , WORTHINGTON INDS
-5.59% , DRI , DARDEN REST
-1.51% , VBR , Value SmallCap VIPERS, VBR
-0.81% , UTH , Utilities H, UTH
-3.68% , OMX , OFFICEMAX INC., OMX
-1.90% , PZJ , SmallCap PS Zacks, PZJ
-1.39% , PZI , Micro Cap Zachs, PZI
-4.08% , MWV , MEADWESTVACO
-2.78% , ETFC.O , E*TRADE FINANCIAL
-5.01% , LIZ , LIZ CLAIRBORNE
-0.52% , PEY , Dividend High Yield Equity PS, PEY
-0.25% , VIG , Dividend Appreciation Vipers, VIG
-3.34% , PHM , PULTE HOMES
-5.66% , LPX , LOUISIANA PAC
-3.22% , F , FORD MOTOR
-1.84% , STJ , ST JUDE MEDICAL
-2.53% , OMC , OMNICOM
-3.88% , DHI , D.R. HORTON, DHI
-2.81% , CSX , CSX
-1.80% , PIC , Insurance, PIC
-3.94% , GNW , GENWORTH FINANCIAL
-2.54% , MI , MARSHAL & ILSLEY
-1.10% , IWO , Growth SmallCap R 2000, IWO
-1.96% , XHB , Homebuilders SPDR, XHB
-1.72% , DIS , WALT DISNEY
-1.95% , WY , WEYERHAEUSER
-3.22% , WYNN , Wynn Resorts L
-1.66% , IWN , Value SmallCap Russell 2000, IWN
-1.07% , JKL , Value SmallCap iS M, JKL
-2.36% , JPM , J P MORGAN CHASE
-1.47% , PWY , Value SmallCap Dynamic PS, PWY
-3.51% , MAS , MASCO
-1.04% , PPL , PPL
-2.63% , MTG , MGIC INVESTMENT
-1.35% , RAI , RJR TOBACCO HLDS
-1.65% , WMB , WILLIAMS
-2.76% , DDS , DILLARD STK A
-2.09% , AEE , AMEREN
-5.62% , ABK , AMBAC FINL GRP
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) broke out above the highs of the previous 8 weeks on 9/30/09. The short-term trend now appears bullish. 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 a 3-month uptrend line on 9/30/09 and fell below the lows of the previous 3 weeks on 9/25/09, confirming a short-term down trend. XLI/SPY was in an intermediate-term uptrend from its low on 3/6/09 to its high on 9/17/09.
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.
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.
Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) and fell below the lows of the previous 3 weeks on 9/30/09, confirming a short-term down trend. 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) rose above previous 8 week highs on 9/30/09. The short-term trend is bullish, and the longer-term trends remain bullish.
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 and has been mildly bearish for the short term. IWD/SPY broke out above the highs of the previous 8 months on 9/18/09, and that has been bullish for the intermediate-term. 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) remains in a longer-term bearish trend 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) broke down below the lows of the previous 2 weeks on 9/30/09. 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 rose above the highs of the previous 4 trading days on 9/30/09. Oil may be in a neutral/sideways trading range since June 2009. Look for potential support at previous lows of 65.05, 61.38, and 58.32. Look for potential resistance at previous highs around 72-75.
Gold nearest futures contract price rose above the highs of the previous 3 trading days on 9/30/09. The short-term uptrend could extend further. 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 may be 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 up on 9/30/09. Although the short-term trend appears uncertain, 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 rose above the highs of the previous 4 trading days on 9/30/09. The short-term trend could be turning more positive, but the intermediate-term trend appears uncertain.
U.S. Treasury Bond December futures contract price consolidated recent gains. The bond moved 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 broke down below previous 2-day lows on 9/30/09. Watch the previous low at 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 50.6% Bulls versus 23.6% Bears as of 9/30/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.14, up from 1.91 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 fell to 0.88 on 9/30/09, 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 rose to 0.73 on 9/29/09, indicating mildly bearish 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
5.48% Oil, Crude, U.S. Oil Fund, USO
3.08% Silver Trust iS, SLV
2.80% Commodity Tracking, DBC
2.16% Taiwan Index, EWT
1.59% Brazil Index, EWZ
1.55% India Earnings WTree, EPI
1.48% Austria Index, EWO
1.46% Gold Shares S.T., GLD
1.27% Canada Index, EWC
1.19% Short 200% MidCap 400 PS, MZZ
1.16% Latin Am 40, ILF
1.03% Emerging 50 BLDRS, ADRE
1.01% Belgium Index, EWK
0.86% Short 200% Dow 30 PS, DXD
0.83% Semiconductor iS GS, IGW
0.80% Pacific ex-Japan, EPP
0.70% Switzerland Index, EWL
0.67% Short 200% S&P 500 PS, SDS
0.62% Australia Index, EWA
0.62% Emerging Markets, EEM
0.61% Technology MS sT, MTK
0.58% Hong Kong Index, EWH
0.56% Singapore Index, EWS
0.54% Semiconductor SPDR, XSD
0.53% France Index, EWQ
0.53% South Korea Index, EWY
0.52% Networking, IGN
0.51% Japan Index, EWJ
0.50% Netherlands Index, EWN
0.49% Internet Infrastructure H, IIH
0.47% Emerging VIPERs, VWO
0.45% Short 100% MidCap 400, MYY
0.44% Internet Architecture H, IAH
0.39% Semiconductor H, SMH
0.39% Financials Global LargeCap Value, IXG
0.36% Bond, TIPS, TIP
0.35% Japan LargeCap Blend TOPIX 150, ITF
0.35% Short 100% Dow 30, DOG
0.33% Pacific VIPERs, VPL
0.32% Short 100% S&P 500, SH
0.32% Short 200% US T Bond, TBT
0.29% Food & Beverage, PBJ
0.29% Technology SPDR, XLK
0.22% European VIPERs, VGK
0.21% Consumer Non-Cyclical, IYK
0.20% Consumer Staples SPDR, XLP
0.18% Technology GS, IGM
0.18% Bond, Aggregate, AGG
0.17% Technology DJ US, IYW
0.16% Software, IGV
0.16% Europe 350 S&P Index, IEV
0.14% Internet H, HHH
0.14% Preferred Stock iS, PFF
0.14% Germany Index, EWG
0.12% Growth Mid Cap Dynamic PS, PWJ
0.11% Telecommunications Global, IXP
0.11% Bond, 1-3 Year Treasury, SHY
0.10% Software H, SWH
0.08% EMU Europe Index, EZU
0.08% Consumer Staples VIPERs, VDC
0.08% Bond, 10 Year Treasury, IEF
0.07% Growth LargeCap NASDAQ 100, QQQQ
0.06% Ultra QQQ Double, QLD
0.06% Asia 50 BLDRS, ADRA
0.05% Italy Index, EWI
0.04% EAFE Index, EFA
0.01% Technology Global, IXN
0.00% Value LargeCap Euro STOXX 50 DJ, FEU
0.00% Short 200% QQQ PS, QID
0.00% Info Tech VIPERs, VGT
0.00% Global Titans, DGT
0.00% Europe 100 BLDRS, ADRU
-0.02% Bond, High-Yield Corporate, HYG
-0.03% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.04% Growth LargeCap iS M, JKE
-0.04% Growth EAFE MSCI, EFG
-0.06% IPOs, First Tr IPOX-100, FPX
-0.06% United Kingdom Index, EWU
-0.08% Short 100% QQQ, PSQ
-0.08% Bond, Corp, LQD
-0.09% Bond, 20+ Years Treasury, TLT
-0.09% Lg Cap Growth PSD, PWB
-0.10% Short 200% Bond 7-10 Yr T, PST
-0.12% Healthcare Global, IXJ
-0.14% Value EAFE MSCI, EFV
-0.14% LargeCap Blend Core iS M, JKD
-0.15% MidCap Growth iS M, JKH
-0.16% Growth LargeCap Russell 3000, IWZ
-0.17% LargeCap Blend NYSE Composite iS, NYC
-0.20% Malaysia Index, EWM
-0.21% Global 100, IOO
-0.22% Dividend International, PID
-0.22% Growth S&P 500/BARRA, IVW
-0.22% Growth VIPERs, VUG
-0.23% Leisure & Entertainment, PEJ
-0.24% Growth 1000 Russell, IWF
-0.25% Dividend Appreciation Vipers, VIG
-0.25% Growth MidCap S&P 400, RFG
-0.26% Sweden Index, EWD
-0.27% Aerospace & Defense, PPA
-0.28% Natural Resource iS GS, IGE
-0.28% Developed 100 BLDRS, ADRD
-0.29% LargeCap Blend Socially Responsible iS, KLD
-0.29% South Africa Index, EZA
-0.29% S&P 500 iS LargeCap Blend, IVV
-0.30% MidCap VIPERs, VO
-0.30% Growth MidCap Russell, IWP
-0.31% Value 40 Large Low P/E FT DB, FDV
-0.32% LargeCap Blend S&P=Weight R, RSP
-0.33% Value MidCap Dynamic PS, PWP
-0.33% Health Care VIPERs, VHT
-0.34% Mexico Index, EWW
-0.35% Growth MidCap 400 B, IJK
-0.36% MidCap Blend Core iS M, JKG
-0.36% DIAMONDS (DJIA), DIA
-0.36% Growth Large Cap, ELG
-0.37% Telecom DJ US, IYZ
-0.37% Blend Total Market VIPERs, VTI
-0.38% LargeCap 1000 R, IWB
-0.38% Spain Index, EWP
-0.39% S&P 500 SPDRs LargeCap Blend, SPY
-0.39% Oil Services H, OIH
-0.40% Pharmaceuticals, PJP
-0.40% LargeCap Blend Russell 3000, IWV
-0.41% Healthcare DJ, IYH
-0.41% Consumer D. VIPERs, VCR
-0.41% LargeCap VIPERs, VV
-0.42% Dividend Achievers PS, PFM
-0.42% LargeCap Blend S&P 1500 iS, ISI
-0.42% Retail H, RTH
-0.45% Value MidCap iS M, JKI
-0.45% Telecom H, TTH
-0.46% LargeCap Blend Total Market DJ, IYY
-0.46% Wilshire 5000 ST TM, TMW
-0.46% Energy VIPERs, VDE
-0.46% Capital Markets KWB ST, KCE
-0.47% Financial SPDR, XLF
-0.47% Software, PSJ
-0.47% Value Line Timeliness MidCap Gr, PIV
-0.47% MidCap Russell, IWR
-0.47% Semiconductors, PSI
-0.48% Water Resources, PHO
-0.49% OTC Dynamic PS, PWO
-0.50% Energy Exploration & Prod, PXE
-0.50% Energy DJ, IYE
-0.51% Value S&P 500, RPV
-0.51% Consumer Cyclical DJ, IYC
-0.52% MidCap S&P 400 iS, IJH
-0.52% Retail, PMR
-0.52% Dividend High Yield Equity PS, PEY
-0.52% Dividend Leaders, FDL
-0.53% LargeCap Blend S&P 100, OEF
-0.54% Financial Services DJ, IYG
-0.54% Consumer Discretionary SPDR, XLY
-0.55% Growth S&P 500, RPG
-0.56% Financial Preferred, PGF
-0.57% Biotech H, BBH
-0.57% Realty Cohen & Steers, ICF
-0.57% Growth SmallCap iS M, JKK
-0.58% Pharmaceutical H, PPH
-0.58% Value S&P 500 B, IVE
-0.59% Value LargeCap Russell 3000, IWW
-0.59% Growth Small Cap DJ, DSG
-0.61% Ultra S&P500 Double, SSO
-0.61% Utilities SPDR, XLU
-0.61% Energy Global, IXC
-0.61% LargeCap Rydex Rus Top 50, XLG
-0.63% Value Large Cap DJ, ELV
-0.64% Value LargeCap NYSE 100 iS, NY
-0.64% Biotech & Genome, PBE
-0.64% Financial DJ US, IYF
-0.64% MidCap S&P 400 SPDRs, MDY
-0.64% Energy SPDR, XLE
-0.65% Value MidCap Russell, IWS
-0.65% Euro STOXX 50, FEZ
-0.66% Ultra Dow30 Double, DDM
-0.66% Nanotech Lux, PXN
-0.67% Basic Materials DJ US, IYM
-0.67% Materials SPDR, XLB
-0.68% Dividend SPDR, SDY
-0.69% Value VIPERs, VTV
-0.70% Real Estate US DJ, IYR
-0.70% Financials VIPERs, VFH
-0.70% Oil & Gas, PXJ
-0.71% Transportation Av DJ, IYT
-0.72% Value 1000 Russell, IWD
-0.72% Growth SmallCap Dynamic PS, PWT
-0.72% Telecommunications & Wireless, PTE
-0.73% Health Care SPDR, XLV
-0.75% SmallCap Core iS M, JKJ
-0.75% LargeCap Blend Dynamic PS, PWC
-0.75% Industrial LargeCap Blend DJ US, IYJ
-0.76% Metals & Mining SPDR, XME
-0.76% Materials VIPERs, VAW
-0.77% Value LargeCap Fundamental RAFI 1000, PRF
-0.77% Extended Mkt VIPERs, VXF
-0.78% Telecom Services VIPERs, VOX
-0.78% Value MidCap S&P 400 B, IJJ
-0.81% Utilities H, UTH
-0.82% China LargeCap Growth G D H USX PS, PGJ
-0.88% Value LargeCap Dynamic PS, PWV
-0.89% Bank Regional H, RKH
-0.90% Growth SmallCap VIPERs, VBK
-0.90% Utilities VIPERs, VPU
-0.91% WilderHill Clean Energy PS, PBW
-0.91% REIT Wilshire, RWR
-0.93% Building & Construction, PKB
-0.96% REIT VIPERs, VNQ
-0.96% Dividend DJ Select, DVY
-0.96% Utilities DJ, IDU
-0.99% Value LargeCap iS M, JKF
-1.01% Industrial SPDR, XLI
-1.05% Utilities, PUI
-1.05% Industrials VIPERs, VIS
-1.06% China 25 iS, FXI
-1.07% Value SmallCap iS M, JKL
-1.07% Biotech SPDR, XBI
-1.10% Growth SmallCap R 2000, IWO
-1.14% Ultra MidCap400 Double, MVV
-1.16% Value Small Cap DJ, DSV
-1.21% Growth BARRA Small Cap 600, IJT
-1.23% SmallCap Russell 2000, IWM
-1.26% SmallCap S&P 600, IJR
-1.28% Small Cap VIPERs, VB
-1.39% Micro Cap Zachs, PZI
-1.45% Microcap Russell, IWC
-1.47% Value SmallCap Dynamic PS, PWY
-1.51% Value SmallCap VIPERS, VBR
-1.66% Value SmallCap Russell 2000, IWN
-1.77% Value SmallCap S&P 600 B, IJS
-1.80% Insurance, PIC
-1.90% SmallCap PS Zacks, PZJ
-1.96% Homebuilders SPDR, XHB
-2.35% Internet B2B H, BHH
-2.73% Value SmallCap S&P 600, RZV
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