RobertWColby's Commentaries

Oct 6 2009

Daily Stock Market Commentary

Stock Market: seemingly cheerful news all of a sudden?

Major price indexes reportedly bounced in response to seemingly cheerful news releases. But neither Goldman Sachs’ optimism about large-cap U.S. banks nor an ISM Services Index slightly above consensus estimates seem likely to provide lasting stimulus.

Trading volume fell considerably on Monday, thereby casting doubt on the sustainability of the price bounce.

Stock price momentum oscillators still show bearish divergences compared with the major stock price indexes.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke out above previous 6-year highs on 10/5/09. Trends in all time frames are bullish.

Gold broke out above the highs of the previous 8 trading days.


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

2.09% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
8.59% , PWER , POWER ONE
1.85% , PWP , Value MidCap Dynamic PS, PWP
1.98% , EWQ , France Index, EWQ
2.52% , PRF , Value LargeCap Fundamental RAFI 1000, PRF
1.60% , EWK , Belgium Index, EWK
7.63% , DDS , DILLARD STK A
9.53% , JWN , NORDSTROM
2.07% , IWW , Value LargeCap Russell 3000, IWW
1.96% , IJK , Growth MidCap 400 B, IJK
1.55% , EWO , Austria Index, EWO
1.63% , PEY , Dividend High Yield Equity PS, PEY
8.33% , HMA , HEALTH MGMT STK A
5.13% , YUM , YUM BRANDS
1.75% , PWJ , Growth Mid Cap Dynamic PS, PWJ
2.33% , KCE , Capital Markets KWB ST, KCE
2.65% , PNW , PINNACLE WEST
1.14% , NY , Value LargeCap NYSE 100 iS, NY
7.75% , LTD , LIMITED BRANDS
1.39% , RPG , Growth S&P 500, RPG
3.51% , NTAP , NETWK APPLIANCE
3.79% , PETM , PETsMART Inc
2.18% , VBR , Value SmallCap VIPERS, VBR
2.42% , RAI , RJR TOBACCO HLDS
1.68% , PZJ , SmallCap PS Zacks, PZJ
5.18% , RDC , ROWAN COMPANIES
3.27% , VLO , VALERO ENERGY
4.50% , WMB , WILLIAMS
1.31% , JKD , LargeCap Blend Core iS M, JKD
2.17% , JKI , Value MidCap iS M, JKI
8.26% , COF , CAPITAL ONE FNCL
1.69% , PXN , Nanotech Lux, PXN
4.66% , FMCN , Focus Media, FMCN
5.98% , OMX , OFFICEMAX INC., OMX
2.86% , LRCX , LAM RESEARCH CORP
2.63% , PLL , PALL
1.48% , DSV , Value Small Cap DJ, DSV
1.18% , JKK , Growth SmallCap iS M, JKK
1.78% , NYC , LargeCap Blend NYSE Composite iS, NYC
1.46% , PKB , Building & Construction, PKB

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

-4.88% , BHH , Internet B2B H, BHH
-0.43% , BDH , Broadband H, BDH
-3.34% , CIEN.O , CIENA
-6.40% , MBI , MBIA
-1.23% , CLX , CLOROX
-1.99% , KG , KING PHARM
-1.31% , AMZN , Amazoncom Inc
-0.70% , XBI , Biotech SPDR, XBI
-1.44% , SCHW.O , CHARLES SCHWAB
-3.05% , LVLT , LEVEL 3 COMMUNICATIONS
-1.30% , LUV , SOUTHWEST AIRLS
-1.28% , MSFT , MICROSOFT
-0.43% , BCR , C R BARD
-0.80% , HANS , Hansen Natural, HANS
-0.90% , KMB , KIMBERLY CLARK
-0.51% , NVDA , NVIDIA
-0.99% , UNH , UNITEDHEALTH GRP
-0.50% , LMT , LOCKHEED MARTIN
-0.46% , AMGN , AMGEN
-0.33% , CAG , CONAGRA FOODS
-0.62% , AZO , AUTOZONE
-0.22% , CPB , CAMPBELL SOUP
-0.09% , MKC , MCCORMICK
-0.03% , MDT , MEDTRONIC

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.

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.

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.

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.

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.

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) broke out above previous 6-year highs on 10/5/09. All trends are bullish, in all time frames.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell further below the lows of the previous 4 weeks on 10/5/09, 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 broke out above the highs of the previous 8 trading days on 10/5/09. This after correcting and consolidating gains for 12 trading days since making a high at 1,024.7 on 9/17/09. The short-term trend looks obviously has improved, and 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 set on 3/17/08.

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 fell to 1.05 on 10/5/09, 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 0.56 on 10/5/09, indicating 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 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
1,069.62, high of 9/29/2009
1,042.58, high of 10/5/2009
1,041.17, low of 9/25/2009

S&P 500 Cash Index Potential Support
1,035.00, low of 9/14/2009
1,028.48, Gann 87.5% of 2009 range
1,019.85, low of 10/2/2009
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


4.52% Value SmallCap S&P 600, RZV
4.35% Metals & Mining SPDR, XME
4.22% Ultra MidCap400 Double, MVV
3.80% Bank Regional H, RKH
3.80% Energy Exploration & Prod, PXE
3.54% Silver Trust iS, SLV
3.50% South Africa Index, EZA
3.23% Commodity Tracking, DBC
3.18% Value S&P 500, RPV
3.18% Financial Services DJ, IYG
3.15% Financial SPDR, XLF
3.08% Basic Materials DJ US, IYM
3.02% REIT Wilshire, RWR
2.96% Brazil Index, EWZ
2.90% Financials VIPERs, VFH
2.82% Ultra S&P500 Double, SSO
2.79% Networking, IGN
2.77% Financial DJ US, IYF
2.75% REIT VIPERs, VNQ
2.72% Spain Index, EWP
2.71% Realty Cohen & Steers, ICF
2.70% Natural Resource iS GS, IGE
2.69% Real Estate US DJ, IYR
2.68% Value SmallCap iS M, JKL
2.65% Latin Am 40, ILF
2.62% India Earnings WTree, EPI
2.52% Value LargeCap Fundamental RAFI 1000, PRF
2.49% Emerging 50 BLDRS, ADRE
2.48% Telecommunications Global, IXP
2.47% Financials Global LargeCap Value, IXG
2.47% Energy VIPERs, VDE
2.43% China 25 iS, FXI
2.38% Malaysia Index, EWM
2.35% Ultra Dow30 Double, DDM
2.34% Water Resources, PHO
2.33% Capital Markets KWB ST, KCE
2.32% Emerging Markets, EEM
2.31% MidCap VIPERs, VO
2.28% Growth MidCap S&P 400, RFG
2.27% Canada Index, EWC
2.26% China LargeCap Growth G D H USX PS, PGJ
2.24% Value MidCap Russell, IWS
2.23% Oil & Gas, PXJ
2.23% EMU Europe Index, EZU
2.21% Energy SPDR, XLE
2.21% Semiconductors, PSI
2.21% MidCap S&P 400 iS, IJH
2.20% Emerging VIPERs, VWO
2.19% Materials VIPERs, VAW
2.18% MidCap S&P 400 SPDRs, MDY
2.18% Value SmallCap VIPERS, VBR
2.18% MidCap Blend Core iS M, JKG
2.18% Mexico Index, EWW
2.17% Value MidCap S&P 400 B, IJJ
2.17% Value MidCap iS M, JKI
2.15% Energy DJ, IYE
2.11% Oil Services H, OIH
2.10% Pacific ex-Japan, EPP
2.09% Value LargeCap Euro STOXX 50 DJ, FEU
2.07% Value LargeCap Russell 3000, IWW
2.06% Growth Small Cap DJ, DSG
2.06% MidCap Russell, IWR
2.06% Dividend International, PID
2.05% Industrial SPDR, XLI
2.03% Value SmallCap Russell 2000, IWN
2.02% Value VIPERs, VTV
2.01% Australia Index, EWA
2.00% Consumer D. VIPERs, VCR
1.99% Euro STOXX 50, FEZ
1.98% Semiconductor SPDR, XSD
1.98% France Index, EWQ
1.98% Value 1000 Russell, IWD
1.98% Netherlands Index, EWN
1.96% Growth MidCap 400 B, IJK
1.96% Microcap Russell, IWC
1.95% Semiconductor iS GS, IGW
1.95% Value Line Timeliness MidCap Gr, PIV
1.94% Value S&P 500 B, IVE
1.94% Italy Index, EWI
1.94% Extended Mkt VIPERs, VXF
1.93% Growth MidCap Russell, IWP
1.91% Industrial LargeCap Blend DJ US, IYJ
1.90% SmallCap Core iS M, JKJ
1.87% Industrials VIPERs, VIS
1.86% Value LargeCap iS M, JKF
1.85% Value MidCap Dynamic PS, PWP
1.82% Growth BARRA Small Cap 600, IJT
1.82% Small Cap VIPERs, VB
1.81% SmallCap S&P 600, IJR
1.79% SmallCap Russell 2000, IWM
1.78% LargeCap Blend NYSE Composite iS, NYC
1.78% Value SmallCap S&P 600 B, IJS
1.78% Growth SmallCap R 2000, IWO
1.77% MidCap Growth iS M, JKH
1.76% Sweden Index, EWD
1.75% Growth Mid Cap Dynamic PS, PWJ
1.73% LargeCap Blend S&P=Weight R, RSP
1.70% European VIPERs, VGK
1.69% Growth SmallCap VIPERs, VBK
1.69% Materials SPDR, XLB
1.69% Nanotech Lux, PXN
1.68% Retail, PMR
1.68% Homebuilders SPDR, XHB
1.68% SmallCap PS Zacks, PZJ
1.66% Ultra QQQ Double, QLD
1.65% Growth SmallCap Dynamic PS, PWT
1.64% Micro Cap Zachs, PZI
1.64% South Korea Index, EWY
1.64% Energy Global, IXC
1.63% Dividend High Yield Equity PS, PEY
1.63% Value SmallCap Dynamic PS, PWY
1.63% LargeCap Blend S&P 1500 iS, ISI
1.62% Telecommunications & Wireless, PTE
1.62% Asia 50 BLDRS, ADRA
1.61% Value EAFE MSCI, EFV
1.60% Belgium Index, EWK
1.60% Value Large Cap DJ, ELV
1.55% Telecom Services VIPERs, VOX
1.55% Austria Index, EWO
1.55% Consumer Discretionary SPDR, XLY
1.54% Blend Total Market VIPERs, VTI
1.54% Leisure & Entertainment, PEJ
1.53% Developed 100 BLDRS, ADRD
1.51% Wilshire 5000 ST TM, TMW
1.51% LargeCap 1000 R, IWB
1.50% LargeCap VIPERs, VV
1.49% S&P 500 SPDRs LargeCap Blend, SPY
1.49% LargeCap Blend Total Market DJ, IYY
1.49% LargeCap Blend Dynamic PS, PWC
1.48% Transportation Av DJ, IYT
1.48% Value Small Cap DJ, DSV
1.47% Gold Shares S.T., GLD
1.46% WilderHill Clean Energy PS, PBW
1.46% S&P 500 iS LargeCap Blend, IVV
1.46% Europe 350 S&P Index, IEV
1.46% Building & Construction, PKB
1.45% Growth EAFE MSCI, EFG
1.45% LargeCap Blend Russell 3000, IWV
1.44% EAFE Index, EFA
1.41% Utilities, PUI
1.41% Aerospace & Defense, PPA
1.41% Germany Index, EWG
1.40% Dividend DJ Select, DVY
1.39% Growth S&P 500, RPG
1.39% LargeCap Blend S&P 100, OEF
1.35% Software, IGV
1.34% Bond, High-Yield Corporate, HYG
1.33% Utilities VIPERs, VPU
1.32% Utilities DJ, IDU
1.31% LargeCap Blend Core iS M, JKD
1.30% Global 100, IOO
1.29% Growth Large Cap, ELG
1.28% Software, PSJ
1.25% LargeCap Blend Socially Responsible iS, KLD
1.22% Financial Preferred, PGF
1.22% Dividend Appreciation Vipers, VIG
1.20% Dividend Achievers PS, PFM
1.18% Consumer Cyclical DJ, IYC
1.18% Growth SmallCap iS M, JKK
1.17% Pharmaceuticals, PJP
1.17% Technology MS sT, MTK
1.17% DIAMONDS (DJIA), DIA
1.16% Lg Cap Growth PSD, PWB
1.15% Europe 100 BLDRS, ADRU
1.14% Value LargeCap NYSE 100 iS, NY
1.13% Hong Kong Index, EWH
1.12% LargeCap Rydex Rus Top 50, XLG
1.12% Pacific VIPERs, VPL
1.11% Growth LargeCap Russell 3000, IWZ
1.11% Semiconductor H, SMH
1.10% Value LargeCap Dynamic PS, PWV
1.10% Telecom DJ US, IYZ
1.09% Switzerland Index, EWL
1.09% Biotech & Genome, PBE
1.09% OTC Dynamic PS, PWO
1.09% Utilities SPDR, XLU
1.08% Growth S&P 500/BARRA, IVW
1.03% Dividend SPDR, SDY
1.02% Global Titans, DGT
0.99% Growth LargeCap NASDAQ Fidelity, ONEQ
0.97% Info Tech VIPERs, VGT
0.97% Retail H, RTH
0.97% Technology GS, IGM
0.95% Technology DJ US, IYW
0.92% IPOs, First Tr IPOX-100, FPX
0.90% Value 40 Large Low P/E FT DB, FDV
0.90% Utilities H, UTH
0.90% Growth VIPERs, VUG
0.87% United Kingdom Index, EWU
0.86% Oil, Crude, U.S. Oil Fund, USO
0.86% Growth 1000 Russell, IWF
0.84% Technology SPDR, XLK
0.84% Japan Index, EWJ
0.83% Taiwan Index, EWT
0.81% Growth LargeCap NASDAQ 100, QQQQ
0.80% Healthcare Global, IXJ
0.78% Internet Infrastructure H, IIH
0.78% Preferred Stock iS, PFF
0.76% Technology Global, IXN
0.76% Telecom H, TTH
0.75% Internet Architecture H, IAH
0.70% Dividend Leaders, FDL
0.67% Singapore Index, EWS
0.64% Health Care SPDR, XLV
0.63% Consumer Non-Cyclical, IYK
0.59% Pharmaceutical H, PPH
0.55% Healthcare DJ, IYH
0.54% Health Care VIPERs, VHT
0.54% Growth LargeCap iS M, JKE
0.54% Bond, Corp, LQD
0.53% Software H, SWH
0.51% Food & Beverage, PBJ
0.39% Japan LargeCap Blend TOPIX 150, ITF
0.37% Biotech H, BBH
0.25% Consumer Staples VIPERs, VDC
0.24% Internet H, HHH
0.24% Consumer Staples SPDR, XLP
0.07% Bond, Aggregate, AGG
0.06% Bond, TIPS, TIP
0.01% Bond, 20+ Years Treasury, TLT
0.00% Insurance, PIC
0.00% Bond, 1-3 Year Treasury, SHY
-0.01% Bond, 10 Year Treasury, IEF
-0.14% Short 200% Bond 7-10 Yr T, PST
-0.28% Short 200% US T Bond, TBT
-0.70% Biotech SPDR, XBI
-0.73% Short 100% QQQ, PSQ
-1.20% Short 100% Dow 30, DOG
-1.50% Short 100% S&P 500, SH
-1.55% Short 200% QQQ PS, QID
-2.03% Short 100% MidCap 400, MYY
-2.47% Short 200% Dow 30 PS, DXD
-2.90% Short 200% S&P 500 PS, SDS
-4.22% Short 200% MidCap 400 PS, MZZ
-4.88% Internet B2B H, BHH



Tags: stocks | bonds | dow-theory | gold | silver | copper | dollar
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