RobertWColby's Commentaries
Daily Stock Market Commentary
Stock Market: S&P 500 broke down below 5-day lows on higher volume. Financials, Health Care, Cyclicals, and Small Caps look relatively weak. Energy and Foreign Stocks look relatively strong.
The volume of declining stocks was 2.7 times the volume of advancing stocks.
Price momentum oscillators continued to fall, after diverging bearishly for many days, but they are far from oversold.
Financial Stock sector Relative Strength Ratio (XLF/SPY) dropped sharply since making a peak on 10/14/09. XLF/SPY broke down to a new 11-week low on 10/21/09.
Health Care Stock sector Relative Strength Ratio (XLV/SPY) fell further below the lows of the previous 12 months on 10/21/09.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) fell further below previous 6-weeks lows on 10/21/09. The intermediate-term trend remains bearish.
The U.S. dollar fell further below the lows of the previous 14 months on 10/21/09.
Crude Oil rose to another new 12-month high of 82.00 on 10/21/09.
Energy Stock sector Relative Strength Ratio (XLE/SPY) rose to another a new 4-month high on 10/21/09, and absolute price confirmed. XLE/SPY has been in a strong uptrend short-term, in this month of October 2009. Longer term, it appears likely that XLE/SPY bottomed a year ago, on 10/16/08, and has been building a technical base over the past year.
Foreign Stocks Relative Strength Ratio (EFA/SPY) rose above previous 6-week highs on 10/21/09 and appears to be in position to resume its year-long 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
20.67% , SLM , SLM CORP
18.32% , GNTX , Gentex Corporation
8.07% , TUP , TUPPERWARE
4.80% , MS , MORGAN STANLEY
5.99% , SYK , STRYKER
9.54% , SNDK , SanDisk Corporation
3.47% , ERIC.O , LM Ericsson Telephone Company
4.54% , DE , DEERE & CO
4.75% , ADSK , AUTODESK
2.51% , ZMH , ZIMMER HLDGS
2.07% , ROK , ROCKWELL AUTOMAT
2.90% , NBR , NABORS
1.81% , PMTC.O , PARAMETRIC
1.79% , JCI , JOHNSON CONTROLS
2.65% , USB , US BANCORP
1.80% , MZZ , Short 200% MidCap 400 PS, MZZ
1.50% , TJX , TJX
2.90% , PLD , PROLOGIS TRUST
0.98% , MYY , Short 100% MidCap 400, MYY
2.28% , IGT , INTL GAME TECH
1.40% , PTEN , Patterson-UTI Energy Inc
2.17% , DYN , DYNEGY
1.47% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
1.39% , FCX , FREEPRT MCMORAN STK B
1.28% , GRMN , GARMIN LTD
2.19% , SYMC , SYMANTEC
1.96% , SWK , STANLEY WORKS
1.92% , SDS , Short 200% S&P 500 PS, SDS
1.58% , IFF , INTL FLAV & FRAG
1.16% , NYT , NY TIMES STK A
2.85% , YHOO , YAHOO
0.94% , ETR , ENTERGY
1.84% , DXD , Short 200% Dow 30 PS, DXD
0.78% , SRCL , Stericycle, SRCL
2.42% , ADM , ARCHER DANIELS
0.91% , F , FORD MOTOR
1.60% , SLE , SARA LEE
2.33% , USO , Oil, Crude, U.S. Oil Fund, USO
2.17% , AMGN , AMGEN
0.50% , QID , Short 200% QQQ PS, QID
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-6.33% , RHI , ROBERT HALF
-6.24% , GENZ , GENZYME GEN
-5.73% , NTRS , NORTHERN TRUST
-8.37% , ATI , ALLEGHENY TECH
-5.12% , WFC , WELLS FARGO
-4.92% , DOW , DOW CHEMICAL
-1.10% , VIS , Industrials VIPERs, VIS
-4.46% , CHRW.O , CH Robinson Worldwide Inc, CHRWD
-2.95% , LOW , LOWES
-8.24% , MI , MARSHAL & ILSLEY
-3.78% , QLGC , QLOGIC
-0.56% , IAH , Internet Architecture H, IAH
-2.21% , RTH , Retail H, RTH
-4.86% , MU , MICRON TECH
-4.43% , LUV , SOUTHWEST AIRLS
-1.36% , IJT , Growth BARRA Small Cap 600, IJT
-1.02% , ELV , Value Large Cap DJ, ELV
-2.19% , KCE , Capital Markets KWB ST, KCE
-1.83% , RZV , Value SmallCap S&P 600, RZV
-1.71% , GILD , Gilead Sciences Inc
-3.98% , KEY , KEYCORP
-2.83% , DLX , DELUXE
-1.36% , PIC , Insurance, PIC
-3.47% , KSS , KOHLS
-4.81% , OMC , OMNICOM
-3.20% , CCL , CARNIVAL STK A
-5.67% , LPX , LOUISIANA PAC
-3.35% , FHN , FIRST TENNESSEE
-0.81% , FDV , Value 40 Large Low P/E FT DB, FDV
-2.15% , EP , EL PASO
-4.48% , LLY , ELI LILLY
-2.41% , HD , HOME DEPOT
-2.69% , IYT , Transportation Av DJ, IYT
-1.45% , XSD , Semiconductor SPDR, XSD
-1.03% , IWW , Value LargeCap Russell 3000, IWW
-2.40% , PGR , PROGRESSIVE OHIO
-3.08% , GS , GOLDMAN SACHS
-3.28% , DISH , EchoStar Communications
-3.57% , JNY , JONES APPAREL
-0.92% , TMW , Wilshire 5000 ST TM, TMW
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) turned upward after 10/16/09. The XLK/SPY Ratio has been stuck in a moderate correction for the intermediate term, since peaking on 7/22/09. Long term, 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.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) rose to another a new 4-month high on 10/21/09, and absolute price confirmed. XLE/SPY has been in a strong uptrend short-term, in this month of October 2009. Longer term, it appears likely that XLE/SPY bottomed a year ago, on 10/16/08, and has been building a technical base over the past year.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) peaked on 8/5/09 and has been consolidating gains since. 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) has been in a moderate downtrend since peaking on 11/20/08, as the appetite for risk recovered.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) has stabilized since making a low on 10/7/09 but is still well below its high of 9/17/09. XLI/SPY was in an intermediate-term uptrend from its low on 3/6/09 to its high on 9/17/09.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) dropped sharply since making a peak on 10/14/09. XLF/SPY broke down to a new 11-week low on 10/21/09. XLF has dropped in this objective ranking.
Health Care (XLV) Bearish, Underweight. The Relative Strength Ratio (XLV/SPY) fell further below the lows of the previous 12 months on 10/21/09. XLV/SPY has been relatively weak since 2/23/09.
Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) fell below previous 24-month lows on 10/14/09. 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 10/14/09. Trends remain bullish in all time frames.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) rose above previous 6-week highs on 10/21/09 and appears to be in position to resume its year-long uptrend. The ratio 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 fell below previous 6-week lows on 10/15/09. The ratio peaked out on 7/23/09 and has been correcting and consolidating since.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) has been correcting and consolidating gains 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) has been correcting and consolidating gains in recent weeks. Intermediate term, IWD/SPY outperformed from 3/6/09 to 9/18/09. Long term, IWD/SPY remains in a Bearish Major Trend, underperforming since 3/22/07.
The S&P 500 equally weighted index relative to the S&P 500 capitalization weighted index has been consolidating gains since 9/16/09. The ratio had been in a strong uptrend from 11/19/08 to 9/16/09, and that trend could resume.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) broke down below 3-week lows on 10/19/09. It has been in a downtrend since 11/20/08 as the market shifted toward a more aggressive risk seeking posture.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) fell further below previous 6-weeks lows on 10/21/09. The intermediate-term trend remains bearish. IWM/SPY was in an uptrend from 3/9/09 to 9/18/09, but that uptrend now may be in question.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) has been consolidating gains since 9/16/09. The secular trend since 1999 remains bullish.
Crude Oil nearest futures contract price rose to another new 12-month high of 82.00 on 10/21/09. The main trend remains bullish. Potential support may be seen at the 77.64 low of 10/21/09 and at the high of 75.00 set on 8/25/09.
Gold nearest futures contract price has been consolidating gains since hitting 1072.0 on10/14/09. All trends remain bullish, and Gold appears to have substantial upside potential. Technical supports might be found around previous highs and lows at 1043.7, 1033.9, 1024.7, 982.2, 940.3, 931.5, 925.2 and 904.8, based on the nearest futures contract. Watch highs at 1069.0 and 1072.0 for potential resistance.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) turned down moderately after 10/13/09. The short-term trend appears uncertain. The ratio rose to a 14-month high 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 turned down after 10/9/09. The short-term trend has been choppy, suggesting some uncertainty about global economic prospects.
Copper nearest futures contract price broke out to a new 13-month high of 3.0575 on 10/21/09, confirming that the main trend remains bullish. Rising copper prices suggest growing confidence about global economic prospects.
U.S. Treasury Bond December futures contract price fell below the low of the previous trading day on 10/21/09. The short-term trend appears choppy and uncertain, but the 4-month trend still looks bullish. The Bond may find short-term support around the previous lows of 118.20 set on 10/15/09, 118.07 set on 9/23/09, 117.18 set on 9/9/09, and 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 Relative Strength Ratio (JNK/LQD) broke out to a new 12-month high on 10/21/09, indicating an appetite for risk.
The U.S. dollar nearest futures contract price fell further below the lows of the previous 14 months on 10/21/09. The major trend remains bearish.
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 49.5% Bulls versus 23.1% Bears as of 10/21/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.14, up from 1.79 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 touched a new 13-month low of 20.10 on 10/21/09, confirming declining fear. VIX is down from a closing high 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 touched a new 13-month low of 20.75 on 10/21/09. VXN is down from a closing high 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 1.82 on 10/14/09, indicating bullish 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 0.46 on 10/14/09, 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
1,101.36, high of 10/21/2009
S&P 500 Cash Index Potential Support
1,075.30, gap from 10/13/08 to 10/14/2009
1,066.71, low of 10/13/2009
1,060.55, high of 10/6/2009
1,042.58, high of 10/5/2009
1,041.17, low of 9/25/2009
1,035.00, low of 9/14/2009
1,042.3, 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
995.13, Fibonacci 23.6% of 2009 range
978.51, low of 8/17/2009
989.12, Gann 75% of 2009 range
956.23, high of 6/11/2009
932.39, Fibonacci 38.2% of 2009 range
930.17, high of 5/8/2009
881.68, Fibonacci 50% of 2009 range
869.32, low of 7/8/2009
826.83, low of 4/21/2009
830.96, 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
774.23, Gann 25% of 2009 range
758.61, Fibonacci 78.6% of 2009 range
720.51, 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
2.33% Oil, Crude, U.S. Oil Fund, USO
2.12% Commodity Tracking, DBC
1.92% Short 200% S&P 500 PS, SDS
1.84% Short 200% Dow 30 PS, DXD
1.80% Short 200% MidCap 400 PS, MZZ
1.60% Brazil Index, EWZ
1.56% SmallCap PS Zacks, PZJ
1.47% Value LargeCap Euro STOXX 50 DJ, FEU
1.15% Latin Am 40, ILF
1.00% Short 200% US T Bond, TBT
0.98% Short 100% MidCap 400, MYY
0.96% Short 100% S&P 500, SH
0.93% Silver Trust iS, SLV
0.87% Short 100% Dow 30, DOG
0.74% Sweden Index, EWD
0.59% Short 200% Bond 7-10 Yr T, PST
0.54% Switzerland Index, EWL
0.50% Short 200% QQQ PS, QID
0.43% United Kingdom Index, EWU
0.43% Spain Index, EWP
0.40% Mexico Index, EWW
0.35% Japan LargeCap Blend TOPIX 150, ITF
0.31% Gold Shares S.T., GLD
0.30% Emerging 50 BLDRS, ADRE
0.25% Hong Kong Index, EWH
0.17% Bond, High-Yield Corporate, HYG
0.15% Utilities H, UTH
0.13% Utilities SPDR, XLU
0.12% Telecommunications Global, IXP
0.06% Short 100% QQQ, PSQ
0.05% Technology SPDR, XLK
0.04% Telecom H, TTH
0.02% Utilities VIPERs, VPU
0.01% Europe 100 BLDRS, ADRU
0.00% Internet B2B H, BHH
-0.03% Utilities DJ, IDU
-0.05% Developed 100 BLDRS, ADRD
-0.05% Pacific ex-Japan, EPP
-0.05% Bond, 1-3 Year Treasury, SHY
-0.05% Software H, SWH
-0.05% Software, PSJ
-0.07% Bond, Aggregate, AGG
-0.07% Euro STOXX 50, FEZ
-0.08% Australia Index, EWA
-0.14% Global Titans, DGT
-0.15% European VIPERs, VGK
-0.16% Growth EAFE MSCI, EFG
-0.18% Leisure & Entertainment, PEJ
-0.19% Growth LargeCap NASDAQ 100, QQQQ
-0.19% Internet Infrastructure H, IIH
-0.20% Utilities, PUI
-0.23% Bond, 10 Year Treasury, IEF
-0.24% Software, IGV
-0.24% Growth S&P 500, RPG
-0.26% Preferred Stock iS, PFF
-0.26% Germany Index, EWG
-0.27% Energy SPDR, XLE
-0.27% Europe 350 S&P Index, IEV
-0.28% Pacific VIPERs, VPL
-0.28% Dividend International, PID
-0.29% Oil Services H, OIH
-0.29% Energy DJ, IYE
-0.29% Asia 50 BLDRS, ADRA
-0.29% Consumer Non-Cyclical, IYK
-0.30% Japan Index, EWJ
-0.31% Natural Resource iS GS, IGE
-0.34% EAFE Index, EFA
-0.34% Value EAFE MSCI, EFV
-0.34% Emerging VIPERs, VWO
-0.36% Taiwan Index, EWT
-0.37% Energy VIPERs, VDE
-0.38% Oil & Gas, PXJ
-0.39% Info Tech VIPERs, VGT
-0.39% Bond, TIPS, TIP
-0.39% Ultra QQQ Double, QLD
-0.41% Technology DJ US, IYW
-0.41% Technology Global, IXN
-0.41% Technology GS, IGM
-0.42% Bond, Corp, LQD
-0.45% Food & Beverage, PBJ
-0.45% Singapore Index, EWS
-0.46% Energy Exploration & Prod, PXE
-0.47% Growth LargeCap iS M, JKE
-0.48% Energy Global, IXC
-0.54% Metals & Mining SPDR, XME
-0.54% Emerging Markets, EEM
-0.56% Internet Architecture H, IAH
-0.56% Biotech H, BBH
-0.57% Global 100, IOO
-0.57% Growth S&P 500/BARRA, IVW
-0.57% Internet H, HHH
-0.58% LargeCap Blend NYSE Composite iS, NYC
-0.58% Lg Cap Growth PSD, PWB
-0.60% Bond, 20+ Years Treasury, TLT
-0.61% Healthcare Global, IXJ
-0.61% China 25 iS, FXI
-0.63% Growth Large Cap, ELG
-0.64% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.66% Telecom DJ US, IYZ
-0.68% Technology MS sT, MTK
-0.69% Canada Index, EWC
-0.70% Telecom Services VIPERs, VOX
-0.72% Industrial SPDR, XLI
-0.73% Water Resources, PHO
-0.73% Growth 1000 Russell, IWF
-0.73% WilderHill Clean Energy PS, PBW
-0.73% EMU Europe Index, EZU
-0.74% Growth VIPERs, VUG
-0.75% Dividend Leaders, FDL
-0.75% Netherlands Index, EWN
-0.75% LargeCap Rydex Rus Top 50, XLG
-0.76% Growth SmallCap iS M, JKK
-0.77% Consumer Staples SPDR, XLP
-0.78% MidCap Growth iS M, JKH
-0.78% Telecommunications & Wireless, PTE
-0.78% Real Estate US DJ, IYR
-0.79% China LargeCap Growth G D H USX PS, PGJ
-0.80% MidCap Blend Core iS M, JKG
-0.81% Value 40 Large Low P/E FT DB, FDV
-0.81% Value LargeCap iS M, JKF
-0.82% France Index, EWQ
-0.83% LargeCap Blend S&P 100, OEF
-0.84% Italy Index, EWI
-0.84% Consumer Staples VIPERs, VDC
-0.84% LargeCap Blend Socially Responsible iS, KLD
-0.85% Growth LargeCap Russell 3000, IWZ
-0.85% LargeCap Blend Total Market DJ, IYY
-0.85% Growth MidCap 400 B, IJK
-0.85% Value Small Cap DJ, DSV
-0.85% Nanotech Lux, PXN
-0.87% Growth MidCap Russell, IWP
-0.87% LargeCap 1000 R, IWB
-0.87% Value LargeCap NYSE 100 iS, NY
-0.87% Industrial LargeCap Blend DJ US, IYJ
-0.87% Belgium Index, EWK
-0.88% Basic Materials DJ US, IYM
-0.89% Financial Preferred, PGF
-0.90% S&P 500 SPDRs LargeCap Blend, SPY
-0.91% Growth MidCap S&P 400, RFG
-0.91% South Korea Index, EWY
-0.92% LargeCap Blend S&P 1500 iS, ISI
-0.92% Wilshire 5000 ST TM, TMW
-0.93% IPOs, First Tr IPOX-100, FPX
-0.93% Dividend Appreciation Vipers, VIG
-0.96% DIAMONDS (DJIA), DIA
-0.96% Biotech & Genome, PBE
-0.97% South Africa Index, EZA
-0.97% LargeCap VIPERs, VV
-0.97% MidCap Russell, IWR
-0.97% MidCap S&P 400 iS, IJH
-0.98% S&P 500 iS LargeCap Blend, IVV
-0.98% Blend Total Market VIPERs, VTI
-0.99% MidCap S&P 400 SPDRs, MDY
-1.00% LargeCap Blend Russell 3000, IWV
-1.02% Value Large Cap DJ, ELV
-1.02% Value Line Timeliness MidCap Gr, PIV
-1.02% MidCap VIPERs, VO
-1.03% Value LargeCap Russell 3000, IWW
-1.04% LargeCap Blend S&P=Weight R, RSP
-1.04% Financials Global LargeCap Value, IXG
-1.05% Dividend DJ Select, DVY
-1.09% OTC Dynamic PS, PWO
-1.09% Growth Mid Cap Dynamic PS, PWJ
-1.09% Value MidCap S&P 400 B, IJJ
-1.09% Value MidCap Dynamic PS, PWP
-1.10% Value 1000 Russell, IWD
-1.10% Industrials VIPERs, VIS
-1.11% Value LargeCap Dynamic PS, PWV
-1.14% Dividend Achievers PS, PFM
-1.15% Building & Construction, PKB
-1.16% Growth SmallCap Dynamic PS, PWT
-1.18% Value VIPERs, VTV
-1.18% Materials SPDR, XLB
-1.18% Malaysia Index, EWM
-1.19% LargeCap Blend Core iS M, JKD
-1.20% Aerospace & Defense, PPA
-1.21% Value MidCap Russell, IWS
-1.23% Value SmallCap Dynamic PS, PWY
-1.25% SmallCap Core iS M, JKJ
-1.25% Value LargeCap Fundamental RAFI 1000, PRF
-1.25% Dividend SPDR, SDY
-1.25% Value MidCap iS M, JKI
-1.25% Biotech SPDR, XBI
-1.26% Consumer D. VIPERs, VCR
-1.27% REIT VIPERs, VNQ
-1.29% REIT Wilshire, RWR
-1.30% Extended Mkt VIPERs, VXF
-1.30% Consumer Discretionary SPDR, XLY
-1.31% Growth SmallCap R 2000, IWO
-1.32% Health Care SPDR, XLV
-1.32% LargeCap Blend Dynamic PS, PWC
-1.32% Retail, PMR
-1.33% Value SmallCap S&P 600 B, IJS
-1.35% Healthcare DJ, IYH
-1.35% SmallCap Russell 2000, IWM
-1.35% Value S&P 500, RPV
-1.36% Insurance, PIC
-1.36% Value SmallCap Russell 2000, IWN
-1.36% Health Care VIPERs, VHT
-1.36% Growth BARRA Small Cap 600, IJT
-1.37% Value S&P 500 B, IVE
-1.38% Value SmallCap VIPERS, VBR
-1.39% Materials VIPERs, VAW
-1.39% Small Cap VIPERs, VB
-1.40% Growth Small Cap DJ, DSG
-1.42% SmallCap S&P 600, IJR
-1.42% Realty Cohen & Steers, ICF
-1.45% Semiconductor SPDR, XSD
-1.47% Growth SmallCap VIPERs, VBK
-1.49% Microcap Russell, IWC
-1.53% Micro Cap Zachs, PZI
-1.55% Dividend High Yield Equity PS, PEY
-1.57% Value SmallCap iS M, JKL
-1.58% Pharmaceuticals, PJP
-1.68% Networking, IGN
-1.72% Semiconductor iS GS, IGW
-1.75% Financials VIPERs, VFH
-1.78% Financial DJ US, IYF
-1.81% Consumer Cyclical DJ, IYC
-1.83% Value SmallCap S&P 600, RZV
-1.83% Ultra Dow30 Double, DDM
-1.88% Ultra S&P500 Double, SSO
-1.91% Financial SPDR, XLF
-1.95% Semiconductors, PSI
-1.96% Semiconductor H, SMH
-1.99% Financial Services DJ, IYG
-2.04% India Earnings WTree, EPI
-2.05% Austria Index, EWO
-2.07% Ultra MidCap400 Double, MVV
-2.19% Capital Markets KWB ST, KCE
-2.21% Retail H, RTH
-2.31% Homebuilders SPDR, XHB
-2.46% Bank Regional H, RKH
-2.69% Transportation Av DJ, IYT
-7.45% Pharmaceutical H, PPH
stocks, bonds, dow-theory, gold, silver, copper, dollar
