RobertWColby's Commentaries
Daily Stock Market Update
Stock Market: Dow Theory again confirmed a Primary Tide Bull Market.
The Dow Theory again confirmed a Primary Tide Bull Market on 12/14/09, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 14 months.
The Dow-Jones Utility Average plays no part in Dow Theory. Nevertheless, it is nice to see that it also closed above its closing price highs of the previous 14 months.
The S&P 500 also closed above its closing price highs of the previous 14 months.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose further above the highs of the previous 31-months on 12/14/09. XLY/SPY remains above 50- and 200-day simple moving averages, which are rising bullishly.
Industrial Stock Sector Relative Strength Ratio (XLI/SPY) rose above the highs of the previous 11-months on 12/14/09. XLI/SPY is above 50- and 200-day simple moving averages, which are rising.
Materials Stock Sector Relative Strength Ratio (XLB/SPY) crossed back above its rising 50-day simple moving average on 12/14/09 and remains above its rising 200-day simple moving average.
Consumer Staples Stock Sector Relative Strength Ratio (XLP/SPY) fell below the lows of the previous 4 weeks on 12/14/09. XLP/SPY is below its falling 50- and 200-day day simple moving averages.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above the highs of the previous 7 weeks on 12/14/09. It moved further above its 50-day simple moving average, which is now rising. RSP/SPY remains above its rising 200-day simple moving average.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 7 weeks on 12/14/09. It has declined since peaking on 11/24/09. OEX/SPX fell below its falling 50-day simple moving average, and it remains below its falling 200-day simple moving average.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) moved up to a new 14-month closing price high and above its falling 50-day simple moving average on 12/14/09. It remains above its rising 200-day simple moving average
Junk/Quality Corporate Bonds Relative Strength Ratio (JNK/LQD) rose further above the highs of the previous 6 weeks on 12/14/09. JNK/LQD remains above its rising 50- and 200-day simple moving averages.
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
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
15.35% , XTO , XTO ENERGY INC
9.68% , APOL , APOLLO GROUP
1.28% , JKL , Value SmallCap iS M, JKL
1.04% , PXQ , Networking, PXQ
7.17% , TER , TERADYNE
5.04% , EOG , EOG RESOURCES
1.88% , RZV , Value SmallCap S&P 600, RZV
1.36% , IWP , Growth MidCap Russell, IWP
4.41% , UIS , UNISYS
4.55% , DVN , DEVON ENERGY
2.90% , ACS , AFFILIATED COMPUTER
0.86% , ADRU , Europe 100 BLDRS, ADRU
1.80% , PZJ , SmallCap PS Zacks, PZJ
1.47% , JKI , Value MidCap iS M, JKI
3.95% , RSH , RADIOSHACK
0.93% , PJP , Pharmaceuticals, PJP
3.66% , XRX , XEROX
14.29% , FRE , FREDDIE MAC
0.81% , PTE , Telecommunications & Wireless, PTE
8.65% , FNM , FANNIE MAE
4.36% , KSU , Kansas City Southern, KSU
4.43% , APC , ANADARKO PETRO
1.36% , PSJ , Software, PSJ
3.17% , ROST , Ross Stores Inc
1.01% , PEJ , Leisure & Entertainment, PEJ
3.92% , CCL , CARNIVAL STK A
0.94% , ADRD , Developed 100 BLDRS, ADRD
3.03% , XL , XL CAPITAL STK A
2.57% , CEG , CONSTELL ENERGY
3.12% , LXK , LEXMARK INTL STK A
4.79% , HOT , STARWOOD HOTELS
4.01% , IPG , INTERPUBLIC GRP
1.65% , DSG , Growth Small Cap DJ, DSG
2.80% , MVV , Ultra MidCap400 Double, MVV
1.27% , DSV , Value Small Cap DJ, DSV
4.29% , HBAN , HUNTINGTON
1.69% , IJR , SmallCap S&P 600, IJR
3.37% , AIV , APT INV MNGMT
3.09% , R , RYDER SYSTEM
1.78% , AZO , AUTOZONE
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.57% , DYN , DYNEGY
-4.31% , XOM , EXXON MOBIL
-6.33% , C , CITIGROUP
-7.63% , MBI , MBIA
-3.69% , SCHW.O , CHARLES SCHWAB
-3.62% , CVG , CONVERGYS
-2.92% , MOT , MOTOROLA
-1.43% , MYY , Short 100% MidCap 400, MYY
-1.74% , HOLX , Hologic, Inc., HOLX
-2.28% , SYY , SYSCO
-0.35% , TTH , Telecom H, TTH
-2.06% , AMZN , Amazoncom Inc
-0.73% , TAP , ADOLPH COORS STK B, TAP
-0.07% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-0.48% , AEP , AM ELEC POWER
-0.85% , ADM , ARCHER DANIELS
-1.06% , WMT , WAL MART STORES
-0.57% , BEN , FRANKLIN RSC
-0.62% , DUK , DUKE ENERGY
-0.38% , DISH , EchoStar Communications
-0.68% , TYC , TYCO INTL
-0.45% , EXC , EXELON CORP
-0.64% , CVX , CHEVRONTEXACO
-0.58% , PMCS , PMC SIERRA
-1.08% , DLTR , Dollar Tree Stores Inc
-0.49% , Q , QWEST COMMUNICAT
-0.40% , SHW , SHERWIN WILLIAMS
-1.55% , WAG , WALGREEN
-0.55% , FII , FED INVESTORS STK B
-0.40% , DRI , DARDEN REST
-0.53% , VZ , VERIZON COMMS
-0.60% , PGN , PROGRESS ENERGY
-0.64% , SH , Short 100% S&P 500, SH
-0.49% , LPX , LOUISIANA PAC
-0.55% , KR , KROGER
-0.07% , JKF , Value LargeCap iS M, JKF
-0.18% , CAG , CONAGRA FOODS
-0.04% , USB , US BANCORP
-0.13% , SEE , SEALED AIR
-0.24% , TROW , T ROWE PRICE GP
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Bullish, Overweight. The Relative Strength Ratio (XLY/SPY) rose further above the highs of the previous 31-months on 12/14/09. XLY/SPY remains above 50- and 200-day simple moving averages, which are rising bullishly.
Technology (XLK) Bullish, Overweight. The Relative Strength Ratio (XLK/SPY) rose further above the highs of the previous 4 months on 12/9/09. XLK/SPY remains above 50- and 200-day simple moving averages, which are rising bullishly.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) rose above its falling 200-day simple moving average on 12/10/09. XLV/SPY remains above its 50-day simple moving average, which has turned up in recent weeks.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) rose above the highs of the previous 11-months on 12/14/09. XLI/SPY is above 50- and 200-day simple moving averages, which are rising.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) crossed back above its rising 50-day simple moving average on 12/14/09 and remains above its rising 200-day simple moving average.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) fell below the lows of the previous 4 weeks on 12/14/09. XLP/SPY is below its falling 50- and 200-day day simple moving averages.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) rose further above the highs of the previous 3 months on 12/11/09. XLU/SPY is above its rising 50-day simple moving average but remains below its 200-day simple moving average, which is still falling. Absolute price of XLU moved further above its highs of the previous 14 months on 12/11/09.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell further below the lows of the previous 13 months on 12/9/09, again confirming its preexisting 7-week downtrend. XLE/SPY also remains below its 50- and 200-day simple moving averages, which are falling bearishly.
Financial (XLF) Bearish, Underweight. The Relative Strength Ratio (XLF/SPY) fell below the lows of the previous 4 months on 12/10/09, again confirming its preexisting 8-week downtrend. XLF/SPY remains below its 50-day simple moving average, which is falling bearishly, and it crossed below its rising 200-day simple moving average on 12/10/09.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) consolidated losses after falling below its rising 50-day simple moving average on 12/8/09. EEM/SPY remains above its rising 200-day simple moving average.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) crossed below its rising 200-day simple moving average and fell further below its falling 50-day simple moving average on 12/11/09.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose further above its falling 50-day simple moving average on 12/9/09 and remains above its rising 200-day simple moving average.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) rose further above the highs of the previous 4-months on 12/10/09, again confirming the preexisting bullish trend for the intermediate term. IWF/IWD remains above its rising 50- and 200-day simple moving averages, which is bullish.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) crossed above its falling 50-day simple moving average on 12/11/09. But IWD/SPY remains below its rising 200-day simple moving average. IWF/IWD has been in a downtrend since 9/18/09.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above the highs of the previous 7 weeks on 12/14/09. It moved further above its 50-day simple moving average, which is now rising. RSP/SPY remains above its rising 200-day simple moving average.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 7 weeks on 12/14/09. It has declined since peaking on 11/24/09. OEX/SPX fell below its falling 50-day simple moving average, and it remains below its falling 200-day simple moving average.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) has recovered modestly after falling below the lows of the previous 8 months on 11/27/09 and confirming its preexisting bearish trend. IWM/SPY remains below its 50- and 200-day simple moving averages.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) moved up to a new 14-month closing price high and above its falling 50-day simple moving average on 12/14/09. It remains above its rising 200-day simple moving average.
Crude Oil nearest futures contract price remains locked in a downside correction since making a high of 82.00 on 10/21/09. Crude Oil fell to 68.59 on 12/14/09, its lowest level in 9 weeks, again confirming its preexisting downtrend. Crude Oil now has negative momentum and may need to take some time to carve out a technical base in weeks ahead. Oil fell further below its falling 50-day simple moving average on 12/14/09 but remains above its rising 200-day simple moving average, which tends to be bullish for the longer time frames.
Gold nearest futures contract price appears to be stabilizing after falling to 1110.2 on 12/11/09, which was below the lows of the previous 3 weeks. Gold has had a significant price pullback in the short term. Long term, Gold rose to a new all-time high of 1227.5 on 12/3/09 to confirm a major bull trend. Technical supports might be found around previous highs and lows at 1101.2, 1080.5, 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. Gold remains above 50- and 200-day simple moving averages, which are rising bullishly.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) crossed below its rising 50-day simple moving average on 12/11/09. In addition, GDX/GLD fell further below its falling 200-day simple moving average.
Silver/Gold Ratio fell further below previous 3-month lows on 12/10/09. The Ratio remains below its falling 50-day simple moving average and above its rising 200-day simple moving average. A rising trend of the Silver/Gold Ratio suggests growing confidence about global economic prospects, while a falling trend suggests doubts. The current correction suggests mixed feelings in different time frames, short term and long term.
Copper nearest futures contract price firmed slightly after a normal pullback. Copper remains in a major bullish trend. Rising copper prices suggest growing confidence about global economic prospects, while falling copper prices suggest doubts.
U.S. Treasury Bond nearest futures contract price fell below 4-week lows on 12/11/09, again confirming a short-term downside correction. The Bond remains below 50- and 200-day simple moving averages. The Bond found resistance at the previous highs of 123.18-123.25. The Bond found support a little above 117 in November and again in December, and that level might be critical.
Junk/Quality Corporate Bonds Relative Strength Ratio (JNK/LQD) rose further above the highs of the previous 6 weeks on 12/14/09. JNK/LQD remains above its rising 50- and 200-day simple moving averages.
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. TIP/IEF remains above rising 50- and 200-day simple moving averages. 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 consolidated recent gains on 12/14/09. USD remains above its falling 50-day simple moving average but significantly below its falling 200-day simple moving average, which is bearish for the longer-term 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 48.4% Bulls versus 16.5% Bears as of 12/9/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.93, down slightly from 2.99 the previous week, which was the highest reading since 3.21 on 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 collapsed to 20.05 on 11/25/09 from a high of 31.84 on 11/2/09, indicating plunging levels of fear and 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 collapsed to 21.10 on 11/25/09 from a high of 31.42 on 11/2/09, indicating plunging levels of fear and 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 12/14/09, a level indicating near-normal 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 rose to 0.64 on 12/10/09, a level indicating normal 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 and 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
1,119.13, high of 12/4/2009
S&P 500 Cash Index Potential Support
1,083.74, low of 11/27/2009
1,066.83, high of 10/29/2009
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
3.48% Energy Exploration & Prod, PXE
2.80% Ultra MidCap400 Double, MVV
2.29% South Africa Index, EZA
2.18% Growth SmallCap Dynamic PS, PWT
2.18% Internet B2B H, BHH
2.17% Metals & Mining SPDR, XME
2.01% Oil & Gas, PXJ
1.94% Value S&P 500, RPV
1.94% Real Estate US DJ, IYR
1.88% Building & Construction, PKB
1.88% Value SmallCap S&P 600, RZV
1.84% Realty Cohen & Steers, ICF
1.83% Ultra QQQ Double, QLD
1.81% REIT VIPERs, VNQ
1.81% Micro Cap Zachs, PZI
1.80% SmallCap PS Zacks, PZJ
1.80% REIT Wilshire, RWR
1.80% WilderHill Clean Energy PS, PBW
1.79% Growth BARRA Small Cap 600, IJT
1.74% Natural Resource iS GS, IGE
1.73% Semiconductors, PSI
1.69% SmallCap S&P 600, IJR
1.67% MidCap Growth iS M, JKH
1.65% Growth Small Cap DJ, DSG
1.65% Extended Mkt VIPERs, VXF
1.64% Transportation Av DJ, IYT
1.62% IPOs, First Tr IPOX-100, FPX
1.61% Value SmallCap S&P 600 B, IJS
1.60% Nanotech Lux, PXN
1.58% Materials VIPERs, VAW
1.56% Canada Index, EWC
1.54% Growth S&P 500, RPG
1.52% MidCap Blend Core iS M, JKG
1.51% SmallCap Russell 2000, IWM
1.51% Insurance, PIC
1.50% Semiconductor iS GS, IGW
1.50% MidCap VIPERs, VO
1.49% Growth SmallCap R 2000, IWO
1.48% United Kingdom Index, EWU
1.48% Growth SmallCap VIPERs, VBK
1.47% Growth MidCap S&P 400, RFG
1.47% Value MidCap iS M, JKI
1.45% Small Cap VIPERs, VB
1.45% Value SmallCap VIPERS, VBR
1.45% Materials SPDR, XLB
1.45% SmallCap Core iS M, JKJ
1.45% Value SmallCap Dynamic PS, PWY
1.44% Value MidCap S&P 400 B, IJJ
1.44% Growth MidCap 400 B, IJK
1.44% Value SmallCap Russell 2000, IWN
1.44% Software, IGV
1.43% Value MidCap Russell, IWS
1.42% Semiconductor SPDR, XSD
1.39% Growth SmallCap iS M, JKK
1.38% Software H, SWH
1.38% Microcap Russell, IWC
1.37% MidCap Russell, IWR
1.36% Software, PSJ
1.36% Growth MidCap Russell, IWP
1.36% Biotech & Genome, PBE
1.36% MidCap S&P 400 iS, IJH
1.35% Industrial SPDR, XLI
1.35% Biotech SPDR, XBI
1.35% Semiconductor H, SMH
1.34% Value LargeCap Euro STOXX 50 DJ, FEU
1.33% Water Resources, PHO
1.33% MidCap S&P 400 SPDRs, MDY
1.32% Value Line Timeliness MidCap Gr, PIV
1.31% LargeCap Blend Dynamic PS, PWC
1.30% Ultra S&P500 Double, SSO
1.30% Oil Services H, OIH
1.28% Basic Materials DJ US, IYM
1.28% Value SmallCap iS M, JKL
1.27% China LargeCap Growth G D H USX PS, PGJ
1.27% Growth Mid Cap Dynamic PS, PWJ
1.27% Value Small Cap DJ, DSV
1.27% Value MidCap Dynamic PS, PWP
1.26% LargeCap Blend S&P=Weight R, RSP
1.24% Silver Trust iS, SLV
1.23% Aerospace & Defense, PPA
1.21% Mexico Index, EWW
1.20% Growth Large Cap, ELG
1.18% Industrials VIPERs, VIS
1.16% OTC Dynamic PS, PWO
1.14% EMU Europe Index, EZU
1.13% Europe 350 S&P Index, IEV
1.12% Austria Index, EWO
1.11% Industrial LargeCap Blend DJ US, IYJ
1.10% Biotech H, BBH
1.08% Growth LargeCap NASDAQ Fidelity, ONEQ
1.07% Retail, PMR
1.05% Consumer D. VIPERs, VCR
1.05% Technology DJ US, IYW
1.04% Info Tech VIPERs, VGT
1.03% Health Care VIPERs, VHT
1.03% Energy SPDR, XLE
1.01% Leisure & Entertainment, PEJ
1.01% Healthcare DJ, IYH
1.00% Sweden Index, EWD
1.00% Growth VIPERs, VUG
1.00% Dividend International, PID
0.98% Netherlands Index, EWN
0.98% Technology MS sT, MTK
0.97% EAFE Index, EFA
0.97% Italy Index, EWI
0.96% Growth LargeCap iS M, JKE
0.96% European VIPERs, VGK
0.95% Energy VIPERs, VDE
0.95% Growth LargeCap NASDAQ 100, QQQQ
0.94% Germany Index, EWG
0.94% Developed 100 BLDRS, ADRD
0.93% Pharmaceuticals, PJP
0.93% Health Care SPDR, XLV
0.92% Lg Cap Growth PSD, PWB
0.91% Australia Index, EWA
0.91% Growth 1000 Russell, IWF
0.90% Brazil Index, EWZ
0.90% LargeCap Blend Russell 3000, IWV
0.89% Internet Architecture H, IAH
0.88% Technology GS, IGM
0.87% Value 40 Large Low P/E FT DB, FDV
0.86% Europe 100 BLDRS, ADRU
0.85% LargeCap Blend Total Market DJ, IYY
0.85% Value S&P 500 B, IVE
0.85% LargeCap Blend Core iS M, JKD
0.84% Gold Shares S.T., GLD
0.84% Belgium Index, EWK
0.84% Wilshire 5000 ST TM, TMW
0.83% Financials Global LargeCap Value, IXG
0.83% Growth EAFE MSCI, EFG
0.83% Growth LargeCap Russell 3000, IWZ
0.82% Financial DJ US, IYF
0.81% Emerging 50 BLDRS, ADRE
0.81% France Index, EWQ
0.81% Telecommunications & Wireless, PTE
0.81% Technology SPDR, XLK
0.81% Bond, High-Yield Corporate, HYG
0.80% Consumer Non-Cyclical, IYK
0.80% LargeCap Blend S&P 1500 iS, ISI
0.79% LargeCap Blend NYSE Composite iS, NYC
0.79% Dividend High Yield Equity PS, PEY
0.77% Switzerland Index, EWL
0.77% Consumer Discretionary SPDR, XLY
0.77% LargeCap 1000 R, IWB
0.77% Pacific ex-Japan, EPP
0.77% Dividend DJ Select, DVY
0.76% Energy Global, IXC
0.75% Homebuilders SPDR, XHB
0.75% Blend Total Market VIPERs, VTI
0.75% Value 1000 Russell, IWD
0.73% Value LargeCap Russell 3000, IWW
0.72% Bank Regional H, RKH
0.71% Value LargeCap Dynamic PS, PWV
0.71% Value EAFE MSCI, EFV
0.71% Spain Index, EWP
0.70% Latin Am 40, ILF
0.69% LargeCap VIPERs, VV
0.69% Dividend Leaders, FDL
0.69% Financials VIPERs, VFH
0.68% S&P 500 SPDRs LargeCap Blend, SPY
0.68% S&P 500 iS LargeCap Blend, IVV
0.68% LargeCap Blend Socially Responsible iS, KLD
0.68% Emerging Markets, EEM
0.67% Consumer Cyclical DJ, IYC
0.65% Malaysia Index, EWM
0.65% Dividend SPDR, SDY
0.63% Pharmaceutical H, PPH
0.63% Technology Global, IXN
0.61% Energy DJ, IYE
0.61% Asia 50 BLDRS, ADRA
0.60% Euro STOXX 50, FEZ
0.57% South Korea Index, EWY
0.56% Financial SPDR, XLF
0.55% Bond, Corp, LQD
0.55% Commodity Tracking, DBC
0.52% Value VIPERs, VTV
0.52% Value LargeCap Fundamental RAFI 1000, PRF
0.51% Emerging VIPERs, VWO
0.51% Global 100, IOO
0.50% Financial Services DJ, IYG
0.50% Utilities DJ, IDU
0.48% Healthcare Global, IXJ
0.47% Utilities SPDR, XLU
0.47% Utilities VIPERs, VPU
0.45% Growth S&P 500/BARRA, IVW
0.43% Singapore Index, EWS
0.43% Ultra Dow30 Double, DDM
0.41% China 25 iS, FXI
0.41% India Earnings WTree, EPI
0.40% Value Large Cap DJ, ELV
0.37% Consumer Staples SPDR, XLP
0.37% Global Titans, DGT
0.36% Telecommunications Global, IXP
0.35% Bond, TIPS, TIP
0.33% Retail H, RTH
0.32% Value LargeCap NYSE 100 iS, NY
0.31% Consumer Staples VIPERs, VDC
0.28% Oil, Crude, U.S. Oil Fund, USO
0.28% Capital Markets KWB ST, KCE
0.28% Utilities H, UTH
0.27% DIAMONDS (DJIA), DIA
0.26% Utilities, PUI
0.25% LargeCap Blend S&P 100, OEF
0.24% Dividend Achievers PS, PFM
0.23% Dividend Appreciation Vipers, VIG
0.18% LargeCap Rydex Rus Top 50, XLG
0.14% Telecom Services VIPERs, VOX
0.13% Short 200% Bond 7-10 Yr T, PST
0.12% Financial Preferred, PGF
0.12% Bond, 20+ Years Treasury, TLT
0.11% Pacific VIPERs, VPL
0.11% Networking, IGN
0.11% Food & Beverage, PBJ
0.10% Japan Index, EWJ
0.06% Bond, Aggregate, AGG
0.05% Telecom DJ US, IYZ
0.00% Hong Kong Index, EWH
0.00% Bond, 10 Year Treasury, IEF
-0.07% Japan LargeCap Blend TOPIX 150, ITF
-0.07% Value LargeCap iS M, JKF
-0.08% Taiwan Index, EWT
-0.11% Bond, 1-3 Year Treasury, SHY
-0.14% Preferred Stock iS, PFF
-0.27% Short 200% US T Bond, TBT
-0.31% Short 100% Dow 30, DOG
-0.35% Telecom H, TTH
-0.40% Internet Infrastructure H, IIH
-0.44% Short 200% Dow 30 PS, DXD
-0.64% Short 100% S&P 500, SH
-0.65% Internet H, HHH
-0.99% Short 100% QQQ, PSQ
-1.32% Short 200% S&P 500 PS, SDS
-1.43% Short 100% MidCap 400, MYY
-1.84% Short 200% QQQ PS, QID
-2.69% Short 200% MidCap 400 PS, MZZ
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