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Daily Stock Market Commentary
Stock Market: gold strong, U.S. dollar weak.
Major price indexes bounced again, helped by a weak U.S. dollar.
Trading volume rose, indicating better demand for stocks.
Stock price momentum oscillators still show bearish divergences compared with the major stock price indexes.
Gold broke out above previous all-time highs. All trends remain bullish.
The U.S. dollar fell below the lows of the previous 7 trading days. The short-term trend is bearish, and the longer-term trend remains bearish.
Health Care Stock Sector Relative Strength Ratio (XLV/SPY) broke down below the low of 9/28/09. The short-term trend is down.
Emerging Markets Stocks ETF Relative Strength Ratio (EEM/SPY) moved further above previous 6-year highs. Trends are bullish in all time frames.
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
2.45% , PMR , Retail, PMR
1.47% , FPX , IPOs, First Tr IPOX-100, FPX
1.34% , FDV , Value 40 Large Low P/E FT DB, FDV
8.59% , LIZ , LIZ CLAIRBORNE
1.48% , PIC , Insurance, PIC
7.89% , HIG , HARTFORD FINL
5.72% , FDO , FAMILY DLR STRS
2.10% , DGT , Global Titans, DGT
1.24% , ISI , LargeCap Blend S&P 1500 iS, ISI
6.97% , NEM , NEWMONT MINING
4.62% , TIF , TIFFANY
1.37% , EWD , Sweden Index, EWD
2.60% , BDH , Broadband H, BDH
2.00% , IGM , Technology GS, IGM
4.54% , EBAY , EBAY
1.36% , PEJ , Leisure & Entertainment, PEJ
4.27% , SLV , Silver Trust iS, SLV
2.46% , GLD , Gold Shares S.T., GLD
4.53% , GPS , GAP
1.26% , VOX , Telecom Services VIPERs, VOX
6.05% , APC , ANADARKO PETRO
1.98% , CAH , CARDINAL HEALTH
4.16% , PTV , PACTIV
2.45% , EZU , EMU Europe Index, EZU
4.45% , FMCN , Focus Media, FMCN
1.82% , IGV , Software, IGV
2.22% , RYAAY , Ryanair Holdings plc
1.43% , RPG , Growth S&P 500, RPG
1.46% , IWP , Growth MidCap Russell, IWP
4.31% , APA , APACHE
1.93% , RPV , Value S&P 500, RPV
4.87% , AIG , AMER INTL GROUP
3.57% , MTG , MGIC INVESTMENT
1.96% , IGW , Semiconductor iS GS, IGW
1.27% , PFM , Dividend Achievers PS, PFM
2.62% , GRMN , GARMIN LTD
2.45% , IXC , Energy Global, IXC
2.30% , IYE , Energy DJ, IYE
2.65% , EMC , EMC
4.04% , ROST , Ross Stores Inc
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-12.66% , STJ , ST JUDE MEDICAL
-7.90% , CIEN.O , CIENA
-3.02% , MI , MARSHAL & ILSLEY
-1.91% , ZMH , ZIMMER HLDGS
-4.01% , SIRI , Sirius Satellite
-2.77% , EXPD , Expeditors International WA
-0.71% , MDT , MEDTRONIC
-1.35% , AET , AETNA
-1.49% , SH , Short 100% S&P 500, SH
-2.96% , SDS , Short 200% S&P 500 PS, SDS
-1.30% , PGN , PROGRESS ENERGY
-4.80% , DYN , DYNEGY
-1.68% , BSX , BOSTON SCIENT
-2.59% , HBAN , HUNTINGTON
-0.95% , GR , GOODRICH CORP
-1.08% , UIS , UNISYS
-3.56% , QID , Short 200% QQQ PS, QID
-3.20% , PLD , PROLOGIS TRUST
-1.40% , DOG , Short 100% Dow 30, DOG
-1.21% , DBC , Commodity Tracking, DBC
-0.74% , DRI , DARDEN REST
-1.79% , PSQ , Short 100% QQQ, PSQ
-2.70% , DXD , Short 200% Dow 30 PS, DXD
-2.80% , MBI , MBIA
-1.01% , RF , REGIONS FINAN
-0.99% , TLT , Bond, 20+ Years Treasury, TLT
-0.54% , BLL , BALL
-1.11% , BBT , BB&T
-0.36% , XEL , XCEL ENERGY
-0.46% , STLD , Steel Dynamics, STLD
-0.37% , CVS , CVS
-0.99% , NWL , NEWELL RUBBER
-0.48% , WM , WASTE MANAGEMENT
-0.34% , HYG , Bond High-Yield Corporate, HYG
-0.71% , ACS , AFFILIATED COMPUTER
-1.10% , PNC , PNC FINL SVC
-0.67% , NOVL , NOVELL
-0.21% , LQD , Bond, Corp, LQD
-1.73% , WHR , WHIRLPOOL
-0.27% , VNQ , REIT VIPERs, VNQ
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.
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.
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.
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) broke down below the low of 9/28/09. The short-term trend is down. Longer term, XLV/SPY has been relatively weak since 2/23/09.
Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) has stabilized since falling to an 11-month low on 8/17/09, which confirmed 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) moved further above previous 6-year highs on 10/6/09. 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 previous all-time highs. Obviously now all trends remain bullish. Technical supports might be found around previous highs and lows at 1033.9, 1024.7, 982.2, 940.3, 931.5, 925.2 and 904.8, based on the nearest futures contract. There is no chart resistance.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) moved up above the highs of the previous 2 weeks on 10/6/09, 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 rose above the highs of the previous 8 trading days on 10/6/09. This is a reversal after it broke down below 4-week lows on 10/2/09. Although the short-term trend appears choppy, 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 fell below the lows of the previous 2 trading days on 10/6/09. The short-term minor trend may be turning corrective. The Bond moved above the highs of the previous 5 months on 10/2/09 before minor profit taking set in. Bonds remain bullish for the intermediate term. The Bond may find short-term support around 121 and 118, as well 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 fell below the lows of the previous 7 trading days on 10/6/09. The short-term trend is bearish. USD hit 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 1.25 on 10/6/09, 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 0.47 on 10/6/09, 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
1,060.55, high of 10/6/2009
S&P 500 Cash Index Potential Support
1,042.58, high of 10/5/2009
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
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
4.27% Silver Trust iS, SLV
3.76% Austria Index, EWO
3.47% Ultra QQQ Double, QLD
3.09% Energy Exploration & Prod, PXE
3.00% Belgium Index, EWK
2.93% Mexico Index, EWW
2.91% Natural Resource iS GS, IGE
2.89% Ultra S&P500 Double, SSO
2.84% Ultra MidCap400 Double, MVV
2.76% Ultra Dow30 Double, DDM
2.74% Internet H, HHH
2.68% Asia 50 BLDRS, ADRA
2.63% Oil Services H, OIH
2.62% China 25 iS, FXI
2.56% Internet B2B H, BHH
2.52% China LargeCap Growth G D H USX PS, PGJ
2.46% Gold Shares S.T., GLD
2.45% Retail, PMR
2.45% EMU Europe Index, EZU
2.45% Energy Global, IXC
2.44% Metals & Mining SPDR, XME
2.37% Energy SPDR, XLE
2.35% Euro STOXX 50, FEZ
2.32% Germany Index, EWG
2.31% Oil & Gas, PXJ
2.30% Energy DJ, IYE
2.27% Semiconductor H, SMH
2.25% Energy VIPERs, VDE
2.24% Australia Index, EWA
2.16% Netherlands Index, EWN
2.14% Taiwan Index, EWT
2.13% Canada Index, EWC
2.10% Global Titans, DGT
2.09% Materials SPDR, XLB
2.09% Basic Materials DJ US, IYM
2.08% Semiconductors, PSI
2.05% Growth SmallCap Dynamic PS, PWT
2.02% Value SmallCap Dynamic PS, PWY
2.02% WilderHill Clean Energy PS, PBW
2.01% Short 200% US T Bond, TBT
2.01% Europe 100 BLDRS, ADRU
2.00% Technology GS, IGM
2.00% Italy Index, EWI
1.98% SmallCap PS Zacks, PZJ
1.97% Info Tech VIPERs, VGT
1.97% Value EAFE MSCI, EFV
1.96% Semiconductor iS GS, IGW
1.95% Materials VIPERs, VAW
1.95% Technology DJ US, IYW
1.93% Growth SmallCap VIPERs, VBK
1.93% Value S&P 500, RPV
1.90% Spain Index, EWP
1.89% Europe 350 S&P Index, IEV
1.88% Growth BARRA Small Cap 600, IJT
1.88% European VIPERs, VGK
1.87% Value LargeCap Euro STOXX 50 DJ, FEU
1.86% SmallCap Russell 2000, IWM
1.84% Microcap Russell, IWC
1.84% Small Cap VIPERs, VB
1.82% Software, IGV
1.81% Technology MS sT, MTK
1.81% Technology SPDR, XLK
1.80% OTC Dynamic PS, PWO
1.80% Consumer D. VIPERs, VCR
1.79% Financials Global LargeCap Value, IXG
1.78% France Index, EWQ
1.77% Global 100, IOO
1.77% Growth LargeCap NASDAQ 100, QQQQ
1.77% Technology Global, IXN
1.76% Growth Small Cap DJ, DSG
1.74% Semiconductor SPDR, XSD
1.71% Growth MidCap S&P 400, RFG
1.70% SmallCap S&P 600, IJR
1.68% EAFE Index, EFA
1.68% Internet Architecture H, IAH
1.67% Telecommunications & Wireless, PTE
1.66% Value SmallCap Russell 2000, IWN
1.66% Growth MidCap 400 B, IJK
1.65% Bank Regional H, RKH
1.65% Emerging Markets, EEM
1.64% Value SmallCap VIPERS, VBR
1.64% Emerging VIPERs, VWO
1.64% Growth SmallCap R 2000, IWO
1.63% SmallCap Core iS M, JKJ
1.63% Singapore Index, EWS
1.62% Biotech & Genome, PBE
1.62% Building & Construction, PKB
1.62% Growth Large Cap, ELG
1.61% Dividend High Yield Equity PS, PEY
1.60% Developed 100 BLDRS, ADRD
1.59% Micro Cap Zachs, PZI
1.59% Latin Am 40, ILF
1.59% LargeCap Blend NYSE Composite iS, NYC
1.58% Growth LargeCap iS M, JKE
1.57% Growth Mid Cap Dynamic PS, PWJ
1.57% MidCap Growth iS M, JKH
1.56% Emerging 50 BLDRS, ADRE
1.54% Capital Markets KWB ST, KCE
1.54% South Africa Index, EZA
1.54% LargeCap Blend Russell 3000, IWV
1.53% Value SmallCap S&P 600 B, IJS
1.53% Growth VIPERs, VUG
1.52% Pacific ex-Japan, EPP
1.52% Consumer Discretionary SPDR, XLY
1.52% Pacific VIPERs, VPL
1.51% Value LargeCap iS M, JKF
1.51% Switzerland Index, EWL
1.50% Growth SmallCap iS M, JKK
1.50% LargeCap VIPERs, VV
1.50% Retail H, RTH
1.49% LargeCap Blend Dynamic PS, PWC
1.48% Blend Total Market VIPERs, VTI
1.48% Consumer Cyclical DJ, IYC
1.48% Insurance, PIC
1.47% MidCap VIPERs, VO
1.47% IPOs, First Tr IPOX-100, FPX
1.46% Growth MidCap Russell, IWP
1.46% Value SmallCap S&P 600, RZV
1.46% Value Small Cap DJ, DSV
1.46% Lg Cap Growth PSD, PWB
1.46% LargeCap Rydex Rus Top 50, XLG
1.46% Extended Mkt VIPERs, VXF
1.43% MidCap S&P 400 iS, IJH
1.43% Growth S&P 500, RPG
1.43% S&P 500 SPDRs LargeCap Blend, SPY
1.43% Growth S&P 500/BARRA, IVW
1.43% Wilshire 5000 ST TM, TMW
1.42% Growth LargeCap NASDAQ Fidelity, ONEQ
1.42% LargeCap Blend S&P=Weight R, RSP
1.42% MidCap Blend Core iS M, JKG
1.42% Dividend International, PID
1.42% LargeCap 1000 R, IWB
1.41% Growth EAFE MSCI, EFG
1.40% Growth 1000 Russell, IWF
1.39% Value 1000 Russell, IWD
1.39% S&P 500 iS LargeCap Blend, IVV
1.39% Industrials VIPERs, VIS
1.38% DIAMONDS (DJIA), DIA
1.37% Sweden Index, EWD
1.37% LargeCap Blend Total Market DJ, IYY
1.37% MidCap S&P 400 SPDRs, MDY
1.37% LargeCap Blend Socially Responsible iS, KLD
1.37% Value LargeCap Russell 3000, IWW
1.37% LargeCap Blend S&P 100, OEF
1.37% Value LargeCap Fundamental RAFI 1000, PRF
1.37% Nanotech Lux, PXN
1.36% Value VIPERs, VTV
1.36% Water Resources, PHO
1.36% Value MidCap Russell, IWS
1.36% Leisure & Entertainment, PEJ
1.35% Growth LargeCap Russell 3000, IWZ
1.34% Value 40 Large Low P/E FT DB, FDV
1.34% Telecom H, TTH
1.33% LargeCap Blend Core iS M, JKD
1.33% Aerospace & Defense, PPA
1.32% United Kingdom Index, EWU
1.31% Value LargeCap NYSE 100 iS, NY
1.31% Software, PSJ
1.31% Homebuilders SPDR, XHB
1.30% MidCap Russell, IWR
1.30% Software H, SWH
1.29% Financial SPDR, XLF
1.27% Dividend Achievers PS, PFM
1.26% Telecom Services VIPERs, VOX
1.25% Value S&P 500 B, IVE
1.25% Value MidCap S&P 400 B, IJJ
1.24% LargeCap Blend S&P 1500 iS, ISI
1.23% Dividend Appreciation Vipers, VIG
1.21% Japan LargeCap Blend TOPIX 150, ITF
1.20% Dividend SPDR, SDY
1.19% Financials VIPERs, VFH
1.18% Networking, IGN
1.17% Financial Services DJ, IYG
1.16% Industrial LargeCap Blend DJ US, IYJ
1.16% Dividend DJ Select, DVY
1.14% Japan Index, EWJ
1.14% Financial DJ US, IYF
1.12% Value MidCap iS M, JKI
1.09% Biotech H, BBH
1.08% Pharmaceutical H, PPH
1.07% Value LargeCap Dynamic PS, PWV
1.06% Dividend Leaders, FDL
1.05% Value Line Timeliness MidCap Gr, PIV
1.04% Pharmaceuticals, PJP
1.03% Telecom DJ US, IYZ
1.00% Value SmallCap iS M, JKL
1.00% Biotech SPDR, XBI
1.00% Oil, Crude, U.S. Oil Fund, USO
0.99% Health Care VIPERs, VHT
0.97% Consumer Staples VIPERs, VDC
0.97% Industrial SPDR, XLI
0.95% Financial Preferred, PGF
0.92% Hong Kong Index, EWH
0.91% Consumer Staples SPDR, XLP
0.89% Utilities H, UTH
0.88% Food & Beverage, PBJ
0.86% Value MidCap Dynamic PS, PWP
0.84% Consumer Non-Cyclical, IYK
0.81% Health Care SPDR, XLV
0.81% Healthcare DJ, IYH
0.77% Malaysia Index, EWM
0.76% Utilities, PUI
0.76% Utilities SPDR, XLU
0.74% Utilities VIPERs, VPU
0.73% Value Large Cap DJ, ELV
0.69% Transportation Av DJ, IYT
0.69% Utilities DJ, IDU
0.68% Brazil Index, EWZ
0.66% Short 200% Bond 7-10 Yr T, PST
0.63% Healthcare Global, IXJ
0.58% Telecommunications Global, IXP
0.33% India Earnings WTree, EPI
0.15% Preferred Stock iS, PFF
0.09% Internet Infrastructure H, IIH
0.02% Real Estate US DJ, IYR
0.00% Realty Cohen & Steers, ICF
-0.01% Bond, TIPS, TIP
-0.04% South Korea Index, EWY
-0.06% Bond, 1-3 Year Treasury, SHY
-0.07% REIT Wilshire, RWR
-0.14% Bond, Aggregate, AGG
-0.21% Bond, Corp, LQD
-0.27% REIT VIPERs, VNQ
-0.32% Bond, 10 Year Treasury, IEF
-0.34% Bond, High-Yield Corporate, HYG
-0.99% Bond, 20+ Years Treasury, TLT
-1.21% Commodity Tracking, DBC
-1.40% Short 100% Dow 30, DOG
-1.43% Short 100% MidCap 400, MYY
-1.49% Short 100% S&P 500, SH
-1.79% Short 100% QQQ, PSQ
-2.70% Short 200% Dow 30 PS, DXD
-2.81% Short 200% MidCap 400 PS, MZZ
-2.96% Short 200% S&P 500 PS, SDS
-3.56% Short 200% QQQ PS, QID
stocks, bonds, dow-theory, gold, silver, copper, dollar
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