RobertWColby's Commentaries
Daily Stock Market Commentary
Stock Market: upside momentum stalled out.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) broke out to a new 6-month high on 11/10/09, confirming a preexisting bullish trend. XLY has been at the top of my Sector Rankings for many months.
VIX Fear Index has collapsed to 22.84 from a 16-week high of 31.84 on 11/2/09, indicating plunging levels of fear.
Trading volume, already low, declined for the 4th consecutive session, suggesting that buying power is weak.
DJIA 30 blue-chip stocks made another new 13-month high, but broader-based price indexes declined, for a bearish divergence.
Breadth was bearish, and A-D lines for the NYSE and Nasdaq are far from their yearly highs.
Momentum oscillators are far from their yearly highs.
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
1.92% , HHH , Internet H, HHH
5.23% , MON , MONSANTO
6.46% , HMA , HEALTH MGMT STK A
3.90% , AIG , AMER INTL GROUP
7.89% , PWER , POWER ONE
0.38% , IXJ , Healthcare Global, IXJ
0.30% , PWP , Value MidCap Dynamic PS, PWP
0.26% , IAH , Internet Architecture H, IAH
3.36% , TXT , TEXTRON
2.94% , HOLX , Hologic, Inc., HOLX
0.93% , DGT , Global Titans, DGT
0.31% , EWD , Sweden Index, EWD
1.71% , TXN , TEXAS INSTRUMENT
2.64% , THC , TENET HEALTHCARE
0.48% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
2.11% , BAX , BAXTER INTL
1.28% , BMS , BEMIS
2.14% , ADI , ANALOG DEVICES
0.41% , NY , Value LargeCap NYSE 100 iS, NY
2.23% , ABC , AMERISOURCEBERGN
2.75% , AMZN , Amazoncom Inc
1.99% , PLD , PROLOGIS TRUST
1.34% , PCG , PG&E
1.08% , TE , TECO ENERGY
1.48% , BC , BRUNSWICK
1.44% , MRVL , MARVELL TECHNOLOGY
1.38% , COP , CONOCOPHILLIPS
0.45% , PUI , Utilities, PUI
0.88% , NSM , NATL SEMICONDUCT
3.43% , RIMM , RESEARCH IN MOTION LTD
0.67% , TBT , 200% Short US T Bond, TBT
1.35% , OXY , OCCIDENTAL
1.49% , DISH , EchoStar Communications
0.99% , DYN , DYNEGY
0.92% , TNB , THOMAS & BETTS
1.26% , BMY , BRISTOL MYERS
1.03% , BCR , C R BARD
1.65% , BAC , BANK OF AMERICA
2.17% , CECO , CAREER EDUCATION CORP
0.44% , NI , NISOURCE
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-33.05% , ABK , AMBAC FINL GRP
-26.67% , MBI , MBIA
-7.56% , FLR , FLUOR
-10.71% , SNV , SYNOVUS
-8.23% , MTG , MGIC INVESTMENT
-7.60% , ZION , ZIONS
-0.63% , EWO , Austria Index, EWO
-6.35% , ERTS , ELECTRONIC ARTS
-3.33% , MCO , MOODYS CORP
-3.24% , TLAB , TELLABS
-3.80% , ETFC.O , E*TRADE FINANCIAL
-0.66% , PZI , Micro Cap Zachs, PZI
-2.68% , DLX , DELUXE
-0.80% , DUK , DUKE ENERGY
-0.39% , PWT , Growth SmallCap Dynamic PS, PWT
-0.92% , EZU , EMU Europe Index, EZU
-2.07% , EMN , EASTMAN CHEM
-0.75% , PXJ , Oil & Gas, PXJ
-1.22% , BJS , BJ SERVICES
-0.46% , JKI , Value MidCap iS M, JKI
-0.71% , CTL , CENTURYTEL
-0.33% , JKL , Value SmallCap iS M, JKL
-1.56% , PMCS , PMC SIERRA
-1.24% , EWG , Germany Index, EWG
-1.83% , AN , AUTONATION
-1.80% , PBI , PITNEY BOWES
-1.81% , CBS , CBS CORP.
-1.76% , PKB , Building & Construction, PKB
-0.99% , RZV , Value SmallCap S&P 600, RZV
-1.07% , IWC , Microcap Russell, IWC
-0.38% , EWQ , France Index, EWQ
-1.48% , AMGN , AMGEN
-0.56% , JKJ , SmallCap Core iS M, JKJ
-1.96% , EPI , India Earnings WTree, EPI
-1.53% , TYC , TYCO INTL
-0.15% , PIC , Insurance, PIC
-2.08% , NE , NOBLE
-1.19% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-2.46% , DD , DU PONT
-1.41% , SRCL , Stericycle, SRCL
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) broke out to a new 6-month high on 11/10/09, confirming a bullish trend. XLY has been at the top of my rankings for many months.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell below the lows of the previous 7 trading days on 11/3/09, which appeared to signal nothing more than a short-term pullback. XLK/SPY rose to a new 13-week high on 10/30/09. Intermediate term, the relative trend is bullish. 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.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) rose above the highs of the previous 6 weeks on 11/9/09, again confirming a short-term uptrend. XLP/SPY broke down to a new 8-week low on 10/30/09, signaling a bearish relative trend for the intermediate term. The long-term trend peaked on 3/31/08 and has been in a downtrend since.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) rose above the highs of the previous 10 trading days on 11/9/09, confirming a short-term uptrend. XLB/SPY broke down to a new 14-week low on 10/28/09, signaling a bearish relative trend for the intermediate term. Long term, XLB/SPY has underperformed for 16 months since 6/23/08.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose to another new 13-week highs on 11/20/09, but has drifted lower since. This defensive sector underperforms when investors feel more confident and seek greater risk, and it outperforms when investors move away from risk.
Health Care (XLV) Bearish, Underweight. The Relative Strength Ratio (XLV/SPY) moved up to a new 5-week high on 11/10/09. Trends are bullish. to be losing upside momentum for the short term. XLV/SPY fell below the lows of the previous 12 months on 10/22/09, which was bearish for the longer term.
Financial (XLF) Bearish, Underweight. The Relative Strength Ratio (XLF/SPY) broke down below the lows of the previous 13 weeks on 11/4/09, confirming the preexisting bearish trend. The XLF/SPY trend looks bearish for the short term, the intermediate-term, and probably the long-term as well.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) broke down below the lows of the previous 3 weeks on 11/9/09, again confirming a short-term downtrend. 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.
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) has been rising again short term, since 100/28/09. Longer term, EEM/SPY moved above previous 6-year highs on 10/14/09, confirming a major bull market trend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 8 weeks on 11/3/09, confirming a downside correction for the intermediate term. The ratio outperformed for 10 months, from 10/27/08 to 9/9/09, and that uptrend could resume eventually. 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 5-month lows on 11/4/09, thereby indicating bearish trends for the short term and intermediate term.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) broke out above the highs of the previous 13 weeks on 11/4/09, confirming the preexisting bullish trend for the intermediate term. IWF/IWD was in a major long-term uptrend from 8/8/06 to 3/5/09, and it seems quite possible that uptrend could resume.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) broke down below the lows of the previous 13 weeks on 11/6/09, confirming the preexisting bearish trend. IWD/SPY has underperformed since 9/18/09. Long term, IWD/SPY remains in a bearish trend, underperforming since 3/22/07.
The S&P 500 equally weighted index relative to the S&P 500 capitalization weighted index has been in an intermediate-term downtrend since 9/16/09. The ratio had been in a strong uptrend from 11/19/08 to 9/16/09. That uptrend may or may not resume once the current downside correction is over.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) peaked on 10/28/09 and turned down, as the market shifted back again toward risk seeking.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) fell below the lows of the previous 6 months on 11/4/09, again confirming the preexisting bearish trend.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) broke down to a new 13-week low on 11/2/09, indicating a significant downside correction. The major secular trend since 1999 remains bullish, however.
Crude Oil nearest futures contract price appears to be in a trading range since making a high of 82.00 on 10/21/09. Oil may be consolidating its large 153% gain made from the low at 32.40 on 12/19/08 to the high of 82.00 on 10/21/09. Long term, Oil remains in a bullish major trend. Potential support may be seen around the low of 76.55 set on 11/03/09 and around the high of 75.00 set on 8/25/09.
Gold nearest futures contract price hit another new all-time high o f 1111.7 on 11/9/09. Gold remains bullish in all time frames. Technical supports might be found around previous highs and lows at 1072.0, 1070.2, 1069.0, 1047.5, 1026.9, 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) rose every day since making a low on Monday 11/2/09. The 7-week trend had been corrective to the downside until 11/2/09. 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 peaked out on 9/16/09 and has been in an irregular falling trend since. A rising trend of the Silver/Gold Ratio suggests growing confidence about global economic prospects, while a falling trend suggests doubts.
Copper nearest futures contract price has turned choppy and uncertain short term, since breaking out to a new 13-month high of 3.0690 on 10/26/09. Rising copper prices suggest growing confidence about global economic prospects, while falling copper prices suggest doubts.
U.S. Treasury Bond December futures contract price fell below the lows of the previous 11 weeks on 11/6/09. The Bond may find short-term support around the previous lows of 117.22 set on 11/6/09, 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) has been in a downside corrective trend since 10/26/09. When JNK/LQD is weak, that indicates risk aversion. Long term, JNK/LQD rose to a new 12-month high on 10/23/09, indicating an increasing appetite for risk.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose to another new 13-month high on 11/9/09, again confirming a bullish long-term trend. Bond investors may be growing increasingly concerned about the inflation outlook, despite assurances of tame inflation by economists.
The U.S. dollar nearest futures contract price closed below the lows of the previous 15 months on 11/9/09, again confirming a bearish major 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 48.3% Bulls versus 24.7% Bears as of 11/4/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.96, down from 2.15 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 has collapsed to 22.84 from a 16-week high of 31.84 on 11/2/09, indicating plunging levels of fear. VIX fell to a 13-month low of 20.10 on 10/21/09, indicating bullish complacency. 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 has collapsed to 23.39 from a 16-week high of 31.42 on 11/2/09, indicating plunging levels of fear. VXN fell to a 13-month low of 20.75 on 10/21/09, indicating bullish complacency. 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 fell to 1.44 on 11/9/09, a level indicating neutral sentiment. The ratio’s 6-year mean is 1.41, its median is 1.36, and its range is 0.51 to 3.16.
CBOE Put/Call Ratio fell to 0.58 on 11/9/09, a level indicating bullish sentiment. The ratio’s 6-year mean is 0.66, its median is 0.64, 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
1,238.81, 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
1,029.38, low of 11/2/2009
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
998.80, Fibonacci 23.6% Retrace of 2009 range
991.97, low of 9/2/2009
992.72, Gann 25% Retrace of 2009 range
978.51, low of 8/17/2009
956.50, Dow 33.3% Retrace of 2009 range
956.23, high of 6/11/2009
935.35, Fibonacci 38.2% Retrace of 2009 range
930.17, high of 5/8/2009
884.08, Fibonacci 50% of 2009 range
869.32, low of 7/8/2009
826.83, low of 4/21/2009
832.80, Fibonacci 61.8% Retrace of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
775.43, Gann 75% Retrace of 2009 range
759.79, Fibonacci 78.6% Retrace of 2009 range
721.11, Gann 87.5% Retrace of 2009 range
666.79, intraday low of 3/6/2009
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% Internet H, HHH
1.21% Leisure & Entertainment, PEJ
0.93% Global Titans, DGT
0.83% Semiconductor H, SMH
0.75% Pharmaceutical H, PPH
0.73% Growth Mid Cap Dynamic PS, PWJ
0.71% IPOs, First Tr IPOX-100, FPX
0.67% Health Care SPDR, XLV
0.67% Short 200% US T Bond, TBT
0.62% Ultra Dow30 Double, DDM
0.57% Dividend Leaders, FDL
0.53% Health Care VIPERs, VHT
0.51% Healthcare DJ, IYH
0.48% Value LargeCap Euro STOXX 50 DJ, FEU
0.48% Utilities SPDR, XLU
0.47% Utilities VIPERs, VPU
0.46% Value Line Timeliness MidCap Gr, PIV
0.46% Financial Preferred, PGF
0.45% Utilities, PUI
0.41% Value LargeCap NYSE 100 iS, NY
0.40% Value 40 Large Low P/E FT DB, FDV
0.38% Utilities DJ, IDU
0.38% Healthcare Global, IXJ
0.36% Food & Beverage, PBJ
0.35% Consumer Discretionary SPDR, XLY
0.32% Ultra QQQ Double, QLD
0.31% Sweden Index, EWD
0.30% Value MidCap Dynamic PS, PWP
0.29% Australia Index, EWA
0.28% Biotech SPDR, XBI
0.26% DIAMONDS (DJIA), DIA
0.26% Internet Architecture H, IAH
0.25% Growth LargeCap NASDAQ 100, QQQQ
0.24% Internet B2B H, BHH
0.22% Consumer Non-Cyclical, IYK
0.22% LargeCap Rydex Rus Top 50, XLG
0.19% Semiconductor iS GS, IGW
0.18% Gold Shares S.T., GLD
0.17% Value Large Cap DJ, ELV
0.17% Pharmaceuticals, PJP
0.16% Value SmallCap Dynamic PS, PWY
0.15% Consumer Staples VIPERs, VDC
0.14% Lg Cap Growth PSD, PWB
0.14% Short 100% MidCap 400, MYY
0.13% Consumer D. VIPERs, VCR
0.13% Energy VIPERs, VDE
0.13% Utilities H, UTH
0.13% Mexico Index, EWW
0.13% Materials SPDR, XLB
0.11% Value LargeCap iS M, JKF
0.11% LargeCap Blend Core iS M, JKD
0.11% Value LargeCap Fundamental RAFI 1000, PRF
0.10% LargeCap Blend S&P 100, OEF
0.10% MidCap Growth iS M, JKH
0.09% Materials VIPERs, VAW
0.09% South Africa Index, EZA
0.08% LargeCap Blend Dynamic PS, PWC
0.08% LargeCap Blend Russell 3000, IWV
0.08% Bond, 10 Year Treasury, IEF
0.08% Growth LargeCap Russell 3000, IWZ
0.07% Energy SPDR, XLE
0.06% Value LargeCap Dynamic PS, PWV
0.05% Dividend DJ Select, DVY
0.04% Growth 1000 Russell, IWF
0.04% Growth VIPERs, VUG
0.04% Consumer Cyclical DJ, IYC
0.04% Blend Total Market VIPERs, VTI
0.04% Growth S&P 500/BARRA, IVW
0.03% Energy DJ, IYE
0.03% Bond, Aggregate, AGG
0.02% Growth MidCap Russell, IWP
0.02% LargeCap Blend S&P 1500 iS, ISI
0.02% LargeCap VIPERs, VV
0.02% Technology GS, IGM
0.02% Short 100% S&P 500, SH
0.02% LargeCap Blend Total Market DJ, IYY
0.02% S&P 500 SPDRs LargeCap Blend, SPY
0.02% Growth MidCap S&P 400, RFG
0.02% LargeCap Blend Socially Responsible iS, KLD
0.01% Dividend Achievers PS, PFM
0.01% Short 200% MidCap 400 PS, MZZ
0.00% Value S&P 500 B, IVE
0.00% Ultra S&P500 Double, SSO
0.00% Growth LargeCap iS M, JKE
-0.01% Retail, PMR
-0.01% Retail H, RTH
-0.02% LargeCap 1000 R, IWB
-0.02% Info Tech VIPERs, VGT
-0.02% Value VIPERs, VTV
-0.02% Dividend Appreciation Vipers, VIG
-0.02% Bond, 1-3 Year Treasury, SHY
-0.03% S&P 500 iS LargeCap Blend, IVV
-0.03% Technology MS sT, MTK
-0.03% Technology DJ US, IYW
-0.03% Bond, High-Yield Corporate, HYG
-0.04% Wilshire 5000 ST TM, TMW
-0.04% Consumer Staples SPDR, XLP
-0.04% Latin Am 40, ILF
-0.04% Transportation Av DJ, IYT
-0.04% Value S&P 500, RPV
-0.05% Technology SPDR, XLK
-0.05% Dividend SPDR, SDY
-0.06% Telecom DJ US, IYZ
-0.06% Natural Resource iS GS, IGE
-0.06% Capital Markets KWB ST, KCE
-0.06% Europe 100 BLDRS, ADRU
-0.07% Bond, Corp, LQD
-0.08% Canada Index, EWC
-0.08% Global 100, IOO
-0.08% LargeCap Blend NYSE Composite iS, NYC
-0.09% Malaysia Index, EWM
-0.09% Growth S&P 500, RPG
-0.10% Short 200% Bond 7-10 Yr T, PST
-0.10% Italy Index, EWI
-0.10% MidCap VIPERs, VO
-0.11% Growth MidCap 400 B, IJK
-0.11% Short 200% S&P 500 PS, SDS
-0.11% Energy Global, IXC
-0.12% MidCap S&P 400 SPDRs, MDY
-0.13% MidCap Russell, IWR
-0.13% Ultra MidCap400 Double, MVV
-0.14% Value LargeCap Russell 3000, IWW
-0.14% Basic Materials DJ US, IYM
-0.14% Value 1000 Russell, IWD
-0.15% Insurance, PIC
-0.17% Technology Global, IXN
-0.17% Value MidCap Russell, IWS
-0.17% Growth Large Cap, ELG
-0.17% Bond, TIPS, TIP
-0.17% Software H, SWH
-0.18% Switzerland Index, EWL
-0.18% Bond, 20+ Years Treasury, TLT
-0.20% Semiconductor SPDR, XSD
-0.21% Value MidCap S&P 400 B, IJJ
-0.22% Oil, Crude, U.S. Oil Fund, USO
-0.23% MidCap S&P 400 iS, IJH
-0.24% Energy Exploration & Prod, PXE
-0.25% Telecom H, TTH
-0.26% Short 100% QQQ, PSQ
-0.27% Financials Global LargeCap Value, IXG
-0.27% Europe 350 S&P Index, IEV
-0.27% OTC Dynamic PS, PWO
-0.28% Pacific ex-Japan, EPP
-0.28% Euro STOXX 50, FEZ
-0.29% Value EAFE MSCI, EFV
-0.29% Realty Cohen & Steers, ICF
-0.29% Extended Mkt VIPERs, VXF
-0.29% Telecommunications Global, IXP
-0.29% Growth SmallCap iS M, JKK
-0.29% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.31% Industrial LargeCap Blend DJ US, IYJ
-0.32% Preferred Stock iS, PFF
-0.32% Biotech H, BBH
-0.32% Taiwan Index, EWT
-0.33% Financial Services DJ, IYG
-0.33% Value SmallCap iS M, JKL
-0.34% MidCap Blend Core iS M, JKG
-0.34% Financial SPDR, XLF
-0.35% Short 100% Dow 30, DOG
-0.37% European VIPERs, VGK
-0.38% Growth EAFE MSCI, EFG
-0.38% France Index, EWQ
-0.39% Growth SmallCap Dynamic PS, PWT
-0.39% LargeCap Blend S&P=Weight R, RSP
-0.40% Semiconductors, PSI
-0.40% Telecommunications & Wireless, PTE
-0.40% Small Cap VIPERs, VB
-0.40% Developed 100 BLDRS, ADRD
-0.41% Emerging 50 BLDRS, ADRE
-0.41% Spain Index, EWP
-0.41% Growth BARRA Small Cap 600, IJT
-0.42% Oil Services H, OIH
-0.42% Telecom Services VIPERs, VOX
-0.42% Financial DJ US, IYF
-0.42% Biotech & Genome, PBE
-0.43% Dividend International, PID
-0.44% Software, IGV
-0.45% Brazil Index, EWZ
-0.46% Emerging Markets, EEM
-0.46% Value MidCap iS M, JKI
-0.47% Financials VIPERs, VFH
-0.48% United Kingdom Index, EWU
-0.48% SmallCap S&P 600, IJR
-0.49% Metals & Mining SPDR, XME
-0.49% Aerospace & Defense, PPA
-0.49% Growth SmallCap VIPERs, VBK
-0.50% Real Estate US DJ, IYR
-0.50% Commodity Tracking, DBC
-0.50% Growth Small Cap DJ, DSG
-0.53% EAFE Index, EFA
-0.55% Industrials VIPERs, VIS
-0.55% Software, PSJ
-0.55% Short 200% QQQ PS, QID
-0.56% SmallCap Core iS M, JKJ
-0.58% Short 200% Dow 30 PS, DXD
-0.58% Industrial SPDR, XLI
-0.59% Value SmallCap VIPERS, VBR
-0.59% Netherlands Index, EWN
-0.61% Pacific VIPERs, VPL
-0.62% SmallCap Russell 2000, IWM
-0.63% Austria Index, EWO
-0.63% Growth SmallCap R 2000, IWO
-0.65% Value SmallCap S&P 600 B, IJS
-0.66% Micro Cap Zachs, PZI
-0.66% Dividend High Yield Equity PS, PEY
-0.66% China LargeCap Growth G D H USX PS, PGJ
-0.67% Homebuilders SPDR, XHB
-0.70% REIT Wilshire, RWR
-0.71% Emerging VIPERs, VWO
-0.71% Singapore Index, EWS
-0.72% Japan Index, EWJ
-0.73% Water Resources, PHO
-0.74% Bank Regional H, RKH
-0.74% Value Small Cap DJ, DSV
-0.75% REIT VIPERs, VNQ
-0.75% Oil & Gas, PXJ
-0.77% China 25 iS, FXI
-0.78% Value SmallCap Russell 2000, IWN
-0.79% Asia 50 BLDRS, ADRA
-0.83% Networking, IGN
-0.92% EMU Europe Index, EZU
-0.92% Hong Kong Index, EWH
-0.99% Value SmallCap S&P 600, RZV
-1.07% Microcap Russell, IWC
-1.08% WilderHill Clean Energy PS, PBW
-1.12% Belgium Index, EWK
-1.14% SmallCap PS Zacks, PZJ
-1.15% South Korea Index, EWY
-1.19% Japan LargeCap Blend TOPIX 150, ITF
-1.24% Germany Index, EWG
-1.49% Silver Trust iS, SLV
-1.76% Building & Construction, PKB
-1.89% Nanotech Lux, PXN
-1.96% India Earnings WTree, EPI
-2.82% Internet Infrastructure H, IIH
stocks, djia, momentum, technology, health-care
