RobertWColby's Commentaries

Oct 5 2009

Daily Stock Market Commentary

Stock Market: reflecting doubts about global economic prospects.

Major price indexes fell further below 3-week lows on 10/2/09.

On Balance Volume for the SPY fell further below the lows of the previous 2 months. Volume remains weaker than price.

Stock price momentum oscillators are weak and still show bearish divergences compared with the major stock price indexes. Oscillators have room to fall further before they are oversold.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose above previous 8-week highs. 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 4 weeks.

Industrial Stock Sector Relative Strength Ratio (XLI/SPY) fell further below 4-week lows.

Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) rose above 4-week highs.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) broke out above 3-week highs as the market moved further toward a defensive posture.

The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) broke down below a 7-month uptrend line and broke down below 3-week lows.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) fell further down below the lows of the previous 3 weeks.

Silver/Gold Ratio broke down below 4-week lows.

Copper broke down below 2-month lows, possibly reflecting doubts about global economic prospects.


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

4.00% , TBH , Telebras HOLDRS, TBH
5.33% , AIG , AMER INTL GROUP
4.17% , PEP , PEPSICO
5.32% , PWER , POWER ONE
0.33% , ADRE , Emerging 50 BLDRS, ADRE
4.55% , S , SPRINT NEXTEL
1.92% , EWZ , Brazil Index, EWZ
3.14% , WYNN , Wynn Resorts L
1.26% , TIN , TEMPLE INLAND
1.82% , CHKP , Check Point Software Technologies Ltd
0.58% , IAH , Internet Architecture H, IAH
2.34% , LVLT , LEVEL 3 COMMUNICATIONS
1.08% , ILF , Latin Am 40, ILF
0.82% , ERIC.O , LM Ericsson Telephone Company
0.75% , SGP , SCHERING PLOUGH
1.51% , EMC , EMC
2.38% , ABT , ABBOTT LABS
0.25% , CECO , CAREER EDUCATION CORP
0.96% , MYY , Short 100% MidCap 400, MYY
0.78% , QLGC , QLOGIC
2.86% , COP , CONOCOPHILLIPS
1.51% , MRK , MERCK & CO
1.80% , RYAAY , Ryanair Holdings plc
1.18% , CAG , CONAGRA FOODS
10.38% , CIT , CIT GROUP
1.82% , HOLX , Hologic, Inc., HOLX
0.45% , SH , Short 100% S&P 500, SH
1.40% , COST , COSTCO WHOLESAL
0.41% , VDC , Consumer Staples VIPERs, VDC
1.28% , DYN , DYNEGY
0.84% , ACV , Alberto-Culver Co.
0.39% , ITW , ILLINOIS TOOL
2.23% , AAPL , APPLE COMPUTER
0.06% , PJP , Pharmaceuticals, PJP
1.23% , SWY , SAFEWAY
0.99% , VIA.B , VIACOM STK B
1.86% , ZION , ZIONS
0.16% , FE , FIRSTENERGY
0.95% , IBM , IBM
0.48% , HIG , HARTFORD FINL

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

-0.56% , EWG , Germany Index, EWG
-1.89% , IGN , Networking, IGN
-0.97% , PEJ , Leisure & Entertainment, PEJ
-1.03% , EWK , Belgium Index, EWK
-1.14% , RFV , Value MidCap S&P 400, RFV
-0.89% , ADRD , Developed 100 BLDRS, ADRD
-0.89% , ADRU , Europe 100 BLDRS, ADRU
-1.28% , EWN , Netherlands Index, EWN
-5.36% , GT , GOODYEAR TIRE
-1.24% , PWO , OTC Dynamic PS, PWO
-1.53% , PXJ , Oil & Gas, PXJ
-3.29% , ITT , ITT INDS
-4.05% , FRE , FREDDIE MAC
-3.53% , BC , BRUNSWICK
-0.43% , FPX , IPOs, First Tr IPOX-100, FPX
-2.20% , LIZ , LIZ CLAIRBORNE
-4.90% , ASH , ASHLAND
-1.63% , JKG , MidCap Blend Core iS M, JKG
-1.30% , JKL , Value SmallCap iS M, JKL
-0.91% , KLD , LargeCap Blend Socially Responsible iS, KLD
-0.61% , JKF , Value LargeCap iS M, JKF
-0.43% , FDV , Value 40 Large Low P/E FT DB, FDV
-3.12% , LTD , LIMITED BRANDS
-1.77% , AGN , ALLERGAN
-3.51% , HOT , STARWOOD HOTELS
-2.29% , CEG , CONSTELL ENERGY
-0.43% , PFM , Dividend Achievers PS, PFM
-1.01% , EWI , Italy Index, EWI
-1.53% , PMR , Retail, PMR
-1.31% , VCR , Consumer D. VIPERs, VCR
-1.88% , PPL , PPL
-3.65% , LXK , LEXMARK INTL STK A
-3.36% , HOG , HARLEY DAVIDSON
-4.30% , PNC , PNC FINL SVC
-1.25% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-3.12% , IPG , INTERPUBLIC GRP
-4.42% , JCI , JOHNSON CONTROLS
-3.16% , YHOO , YAHOO
-1.51% , PPA , Aerospace & Defense, PPA
-1.80% , PHO , Water Resources, PHO

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) appears choppy short term. 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. 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) has been firming moderately since making a short-term bottom on 9/17/09. On 7/22/09, XLK/SPY rose to its highest level in 7 years, thereby confirming a long-term uptrend in effect since 9/30/02.

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) turned upward since 9/17/09 and rose to a new 9-week high on 10/2/09. Still, longer term, XLP/SPY has been in a relatively weak trend since 11/20/08, as the appetite for risk recovered.

Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) broke down below 4-week lows on 10/1/09. Longer term, XLF/SPY may still be in a secular Bear trend since its major top on 3/23/04.

Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) has firmed up slightly short-term since 9/23/09. Longer term, XLV/SPY has been relatively weak since 2/23/09.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) peaked on 8/5/09 and remains in a short-term downtrend. XLB/SPY broke down below a 7-month uptrend line and below 2-month lows on 10/1/09. XLB/SPY was in an intermediate-term uptrend from its low on 12/5/08 to its high on 8/5/09.

Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) fell further below 4-week lows on 10/2/09. XLI/SPY was in an intermediate-term uptrend from its low on 3/6/09 to its high on 9/17/09.

Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) fell below the lows of the previous 4 weeks on 10/1/09, again 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 previous 23-month lows on 9/22/09. 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 10/2/09. 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 4 weeks on 10/2/09, confirming the preexisting short-term downtrend. EFA outperformed from 10/27/08 to 9/9/09. 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 down below 2-week lows on 10/2/09.

Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) rose above 4-week highs on 10/2/09, again confirming the trend as up for the short term. Longer term, IWF/IWD has been correcting and consolidating since the peak on 3/5/09. IWF/IWD was in an uptrend from 8/8/06 to 3/5/09, and it is quite possible that uptrend could resume.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) fell further down below the lows of the previous 3 weeks on 10/2/09, again confirming the preexisting short-term downtrend. 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 fell further below a 7-month uptrend line and below 3- week lows on 10/2/09. Longer term, the trend may still be 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) broke out above 3-week highs on 10/2/09, as the market moved further toward a defensive posture.

The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) broke down below a 7-month uptrend line and broke down below 3-week lows on 10/2/09. IWM/SPY made a 21-year high on 9/19/08, confirming that the secular trend was bullish.

The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) fell further below a 10-month uptrend line and below 3-week lows on 10/2/09. The secular trend since 1999 remains bullish.

Crude Oil nearest futures contract price may be in a neutral/sideways trading range since the high at 75.00 set on 8/25/09. 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 has been correcting and consolidating gains since making a high at 1024.7 on 9/17/09. The short-term trend looks choppy, but longer-term trends remain bullish. Technical 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) fell further down below the lows of the previous 4 weeks on 10/2/09, again confirming the trend as down for the short term. The ratio moved above previous 13-month highs on 9/17/09, 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 broke down below 4-week lows on 10/2/09. Although the short-term trend appears bearish, the ratio is still above uptrendlines drawn from the low on 10/10/08.

Copper nearest futures contract price broke down below 2-month lows on 10/2/09, possibly reflecting doubts about global economic prospects.

U.S. Treasury Bond December futures contract price rose further above the highs of the previous 5 months on 10/2/09 before profit taking set in. Bonds remain bullish for the short term and the intermediate term. Bonds 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) broke down below a 6-month uptrend line and also broke down below 11-week lows on 10/1/09, signaling a move away from risk and toward safety. 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 consolidated losses short term, since making a new 11-month low at 76.045 on 9/23/09. That low will be a critical number to watch on a test. The longer-term trend remains bearish, and it probably would take a long period of base building and bottom testing to turn this trend.

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 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 22 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 23 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 1.26 on 10/2/09, 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 rose to 0.84 on 10/2/09, indicating 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 a 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 range
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 range
1,220.03, high of 9/25/2008
1,158.76, EW ABC measured move target
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
1,041.17, low of 9/25/2009
1,035.00, low of 9/14/2009
1,028.48, Gann 87.5% of 2009 range

S&P 500 Cash Index Potential Support
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1,007.78, Gann 37.5% of 2007-2009 range
991.97, low of 9/2/2009
982.60, Fibonacci 23.6% of 2009 range
978.51, low of 8/17/2009
976.81, Gann 75% of 2009 range
956.23, high of 6/11/2009
922.25, Fibonacci 38.2% of 2009 range
930.17, high of 5/8/2009
873.47, Fibonacci 50% of 2009 range
869.32, low of 7/8/2009
826.83, low of 4/21/2009
824.69, Fibonacci 61.8% of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
770.13, Gann 25% of 2009 range
755.25, Fibonacci 78.6% of 2009 range
718.46, Gann 12.5% 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


1.92% Brazil Index, EWZ
1.89% Short 200% MidCap 400 PS, MZZ
1.43% Short 200% US T Bond, TBT
1.08% Latin Am 40, ILF
1.07% Mexico Index, EWW
0.96% Short 100% MidCap 400, MYY
0.85% Short 200% S&P 500 PS, SDS
0.58% Internet Architecture H, IAH
0.58% Short 200% QQQ PS, QID
0.49% Gold Shares S.T., GLD
0.45% Short 100% S&P 500, SH
0.44% Insurance, PIC
0.44% Short 200% Dow 30 PS, DXD
0.41% Consumer Staples VIPERs, VDC
0.33% Emerging 50 BLDRS, ADRE
0.32% Consumer Staples SPDR, XLP
0.30% Pharmaceutical H, PPH
0.24% Emerging VIPERs, VWO
0.21% South Africa Index, EZA
0.21% Short 100% Dow 30, DOG
0.20% Short 100% QQQ, PSQ
0.19% Software H, SWH
0.17% Short 200% Bond 7-10 Yr T, PST
0.16% Consumer Non-Cyclical, IYK
0.15% India Earnings WTree, EPI
0.13% Value LargeCap NYSE 100 iS, NY
0.07% Financial SPDR, XLF
0.06% Pharmaceuticals, PJP
0.04% Bond, High-Yield Corporate, HYG
0.04% Bond, 1-3 Year Treasury, SHY
0.03% Emerging Markets, EEM
0.00% Internet Infrastructure H, IIH
0.00% Technology SPDR, XLK
0.00% Software, PSJ
0.00% Internet B2B H, BHH
-0.04% Bond, 10 Year Treasury, IEF
-0.05% Bank Regional H, RKH
-0.06% Dividend Appreciation Vipers, VIG
-0.10% Malaysia Index, EWM
-0.13% Financial Services DJ, IYG
-0.14% Financial DJ US, IYF
-0.14% Technology DJ US, IYW
-0.15% Growth VIPERs, VUG
-0.17% Financials VIPERs, VFH
-0.19% Bond, Aggregate, AGG
-0.19% Bond, TIPS, TIP
-0.21% LargeCap Rydex Rus Top 50, XLG
-0.21% Growth S&P 500/BARRA, IVW
-0.21% Software, IGV
-0.25% LargeCap Blend S&P 100, OEF
-0.25% LargeCap Blend Core iS M, JKD
-0.27% DIAMONDS (DJIA), DIA
-0.27% Healthcare Global, IXJ
-0.28% Ultra Dow30 Double, DDM
-0.28% Value Large Cap DJ, ELV
-0.29% Growth 1000 Russell, IWF
-0.29% Growth LargeCap NASDAQ 100, QQQQ
-0.32% Health Care VIPERs, VHT
-0.36% China 25 iS, FXI
-0.36% Growth LargeCap iS M, JKE
-0.36% Biotech & Genome, PBE
-0.37% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.39% Health Care SPDR, XLV
-0.40% Materials SPDR, XLB
-0.41% SmallCap PS Zacks, PZJ
-0.41% Growth LargeCap Russell 3000, IWZ
-0.41% Healthcare DJ, IYH
-0.42% Transportation Av DJ, IYT
-0.42% Telecommunications Global, IXP
-0.43% Value 40 Large Low P/E FT DB, FDV
-0.43% Dividend Achievers PS, PFM
-0.43% IPOs, First Tr IPOX-100, FPX
-0.45% Growth SmallCap iS M, JKK
-0.45% Micro Cap Zachs, PZI
-0.45% MidCap Growth iS M, JKH
-0.45% S&P 500 iS LargeCap Blend, IVV
-0.46% Telecom H, TTH
-0.47% LargeCap Blend S&P 1500 iS, ISI
-0.47% Info Tech VIPERs, VGT
-0.48% Food & Beverage, PBJ
-0.48% LargeCap Blend Russell 3000, IWV
-0.48% Value LargeCap Fundamental RAFI 1000, PRF
-0.49% Telecom DJ US, IYZ
-0.50% S&P 500 SPDRs LargeCap Blend, SPY
-0.51% LargeCap Blend Total Market DJ, IYY
-0.51% LargeCap 1000 R, IWB
-0.51% Natural Resource iS GS, IGE
-0.52% Energy SPDR, XLE
-0.52% Growth SmallCap R 2000, IWO
-0.52% Global Titans, DGT
-0.54% Value LargeCap Dynamic PS, PWV
-0.54% Dividend High Yield Equity PS, PEY
-0.54% Technology GS, IGM
-0.55% Telecom Services VIPERs, VOX
-0.55% LargeCap Blend S&P=Weight R, RSP
-0.56% Germany Index, EWG
-0.56% Small Cap VIPERs, VB
-0.56% Value S&P 500 B, IVE
-0.57% Energy Global, IXC
-0.57% Canada Index, EWC
-0.58% LargeCap VIPERs, VV
-0.58% Value Line Timeliness MidCap Gr, PIV
-0.58% WilderHill Clean Energy PS, PBW
-0.59% Capital Markets KWB ST, KCE
-0.59% Blend Total Market VIPERs, VTI
-0.60% Spain Index, EWP
-0.60% Value VIPERs, VTV
-0.61% Value LargeCap iS M, JKF
-0.62% Dividend Leaders, FDL
-0.62% Lg Cap Growth PSD, PWB
-0.62% South Korea Index, EWY
-0.63% Sweden Index, EWD
-0.63% China LargeCap Growth G D H USX PS, PGJ
-0.64% Dividend DJ Select, DVY
-0.64% Preferred Stock iS, PFF
-0.65% Bond, Corp, LQD
-0.66% Biotech SPDR, XBI
-0.66% Value SmallCap VIPERS, VBR
-0.66% Value SmallCap Russell 2000, IWN
-0.67% Materials VIPERs, VAW
-0.67% Extended Mkt VIPERs, VXF
-0.68% Value SmallCap Dynamic PS, PWY
-0.68% LargeCap Blend NYSE Composite iS, NYC
-0.68% Growth SmallCap VIPERs, VBK
-0.69% Energy VIPERs, VDE
-0.69% Growth Large Cap, ELG
-0.69% Ultra QQQ Double, QLD
-0.69% Bond, 20+ Years Treasury, TLT
-0.69% Dividend SPDR, SDY
-0.70% Retail H, RTH
-0.70% Value 1000 Russell, IWD
-0.71% REIT VIPERs, VNQ
-0.71% Wilshire 5000 ST TM, TMW
-0.71% Energy DJ, IYE
-0.71% Metals & Mining SPDR, XME
-0.72% Value SmallCap S&P 600 B, IJS
-0.73% Semiconductor H, SMH
-0.74% Taiwan Index, EWT
-0.75% Value MidCap iS M, JKI
-0.75% SmallCap Russell 2000, IWM
-0.75% Technology MS sT, MTK
-0.76% Dividend International, PID
-0.78% Global 100, IOO
-0.78% Value LargeCap Russell 3000, IWW
-0.79% Nanotech Lux, PXN
-0.79% Hong Kong Index, EWH
-0.80% LargeCap Blend Dynamic PS, PWC
-0.80% Asia 50 BLDRS, ADRA
-0.81% European VIPERs, VGK
-0.82% Realty Cohen & Steers, ICF
-0.82% Growth MidCap Russell, IWP
-0.83% Financial Preferred, PGF
-0.83% Value Small Cap DJ, DSV
-0.83% Growth Mid Cap Dynamic PS, PWJ
-0.84% Microcap Russell, IWC
-0.84% Energy Exploration & Prod, PXE
-0.85% Utilities H, UTH
-0.85% Switzerland Index, EWL
-0.85% Value MidCap S&P 400 B, IJJ
-0.86% Utilities VIPERs, VPU
-0.86% Growth Small Cap DJ, DSG
-0.88% Basic Materials DJ US, IYM
-0.88% SmallCap Core iS M, JKJ
-0.88% Consumer Cyclical DJ, IYC
-0.89% Biotech H, BBH
-0.89% Developed 100 BLDRS, ADRD
-0.89% Europe 100 BLDRS, ADRU
-0.90% Growth BARRA Small Cap 600, IJT
-0.90% Homebuilders SPDR, XHB
-0.91% Utilities DJ, IDU
-0.91% LargeCap Blend Socially Responsible iS, KLD
-0.91% Europe 350 S&P Index, IEV
-0.91% MidCap Russell, IWR
-0.91% Ultra S&P500 Double, SSO
-0.91% Growth S&P 500, RPG
-0.92% Technology Global, IXN
-0.93% Semiconductors, PSI
-0.93% MidCap VIPERs, VO
-0.94% Value MidCap Russell, IWS
-0.94% SmallCap S&P 600, IJR
-0.96% MidCap S&P 400 iS, IJH
-0.96% Financials Global LargeCap Value, IXG
-0.96% Growth EAFE MSCI, EFG
-0.97% REIT Wilshire, RWR
-0.97% Leisure & Entertainment, PEJ
-0.97% Euro STOXX 50, FEZ
-0.98% Value S&P 500, RPV
-0.98% Real Estate US DJ, IYR
-0.99% Oil, Crude, U.S. Oil Fund, USO
-1.01% Italy Index, EWI
-1.01% Commodity Tracking, DBC
-1.01% Utilities, PUI
-1.03% Belgium Index, EWK
-1.03% Growth MidCap 400 B, IJK
-1.05% Singapore Index, EWS
-1.08% Utilities SPDR, XLU
-1.08% MidCap S&P 400 SPDRs, MDY
-1.10% Telecommunications & Wireless, PTE
-1.11% Growth MidCap S&P 400, RFG
-1.11% EAFE Index, EFA
-1.12% France Index, EWQ
-1.12% United Kingdom Index, EWU
-1.15% Semiconductor SPDR, XSD
-1.19% Building & Construction, PKB
-1.20% Semiconductor iS GS, IGW
-1.22% Growth SmallCap Dynamic PS, PWT
-1.24% OTC Dynamic PS, PWO
-1.25% Japan LargeCap Blend TOPIX 150, ITF
-1.25% EMU Europe Index, EZU
-1.27% Consumer Discretionary SPDR, XLY
-1.28% Pacific VIPERs, VPL
-1.28% Netherlands Index, EWN
-1.29% Industrial SPDR, XLI
-1.30% Value SmallCap iS M, JKL
-1.31% Value EAFE MSCI, EFV
-1.31% Consumer D. VIPERs, VCR
-1.34% Japan Index, EWJ
-1.38% Silver Trust iS, SLV
-1.47% Industrial LargeCap Blend DJ US, IYJ
-1.50% Value SmallCap S&P 600, RZV
-1.51% Value LargeCap Euro STOXX 50 DJ, FEU
-1.51% Aerospace & Defense, PPA
-1.53% Retail, PMR
-1.53% Oil & Gas, PXJ
-1.53% Pacific ex-Japan, EPP
-1.56% Industrials VIPERs, VIS
-1.56% Australia Index, EWA
-1.60% Value MidCap Dynamic PS, PWP
-1.63% MidCap Blend Core iS M, JKG
-1.64% Internet H, HHH
-1.68% Oil Services H, OIH
-1.80% Water Resources, PHO
-1.87% Ultra MidCap400 Double, MVV
-1.89% Networking, IGN
-2.36% Austria Index, EWO



Tags: stocks | dow-theory | fibonacci | s-p500
More Commentaries by this author

Help Us Rate This Content!


Overall Rating: Average rating is: 0 stars.

Comments

Sign in or Join now to leave aComment and/or rate this content!