Stocks recovered from relatively steep morning losses to close moderately higher.
Trading volume rose to confirm the upturn.
Cumulative Daily Advance-Decline Lines for both the NYSE and NASDAQ rose above 18-month highs.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs and remains bullish. Absolute price of the NASDAQ closed above 22-month highs and remains bullish.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above 12-year highs and remains bullish. Absolute price of XLY rose above 2-year highs and remains bullish.
Industrial Stock Sector Relative Strength Ratio (XLI/SPY) rose above 18-month highs and remains bullish. Absolute price of XLI moved above 18-month highs and remains bullish.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above previous 6-year highs and remains bullish. Absolute price of RSP rose above 19-month highs and remains bullish.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above 17-month highs. Absolute price of IWM rose above 17-month highs. Both remain in bullish position relative to key moving averages.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs and remains bullish. Absolute price of MDY rose above 21-month highs and remains bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 21 months and remains bearish.
Health Care Stock Sector Relative Strength Ratio (XLV/SPY) fell below 18-month lows and remains bearish. Absolute price of XLV fell below 2-month lows and remains neutral relative to 50- and 200-day averages.
Foreign Stocks Relative Strength Ratio (EFA/SPY) fell below 12-month lows. EFA/SPY has been bearish since peaking on 9/9/09.
Investors Intelligence survey of stock market newsletter advisors, Call/Put Volume Ratios, and implied option volatility have shown bullish complacency in recent weeks. Excessive bullish sentiment sometimes precedes a shakeout to the downside.
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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
1.29% , EPU , Peru MSCI iS, EPU
11.86% , DLX , DELUXE
1.67% , IIH , Internet Infrastructure H, IIH
2.48% , Q , QWEST COMMUNICAT
7.33% , HOT , STARWOOD HOTELS
12.18% , TXT , TEXTRON
7.91% , AM , AMER GREETINGS STK A
7.23% , HSY , HERSHEY FOODS
1.45% , JKG , MidCap Blend Core iS M, JKG
7.23% , TER , TERADYNE
12.32% , SNDK , SanDisk Corporation
6.76% , SHW , SHERWIN WILLIAMS
5.53% , GR , GOODRICH CORP
7.33% , SBUX , STARBUCKS
3.98% , NCR , NCR
6.20% , MAR , MARRIOTT INTL STK A
6.03% , PHM , PULTE HOMES
1.18% , RPV , Value S&P 500, RPV
5.50% , LRCX , LAM RESEARCH CORP
1.24% , RFV , Value MidCap S&P 400, RFV
0.97% , TMW , Wilshire 5000 ST TM, TMW
4.89% , URBN , Urban Outfitters Inc.
6.31% , KBH , KB HOME
2.99% , VFC , VF
3.79% , NVLS , NOVELLUS SYS
5.47% , DHI , D.R. HORTON, DHI
2.52% , PEJ , Leisure & Entertainment, PEJ
2.80% , COL , ROCKWELL COLLINS
1.70% , PZI , Micro Cap Zachs, PZI
5.39% , PNC , PNC FINL SVC
3.76% , XHB , Homebuilders SPDR, XHB
6.06% , WFMI , Whole Foods Market Inc
3.67% , ADSK , AUTODESK
3.33% , PETM , PETsMART Inc
6.59% , LEN , Lennar Corp. (LEN)
4.19% , SHLD , SEARS HOLDINGS
5.74% , DYN , DYNEGY
3.41% , CCL , CARNIVAL STK A
3.58% , DHR , DANAHER
1.13% , JKI , Value MidCap iS M, JKI
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-13.27% , BAX , BAXTER INTL
-3.29% , CTL , CENTURYTEL
-1.55% , EWO , Austria Index, EWO
-6.79% , JNS , JANUS CAPITAL
-7.74% , QCOM , QUALCOMM
-5.75% , ZEUS , Olympic Steell, ZEUS
-3.54% , MOT , MOTOROLA
-0.49% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-5.74% , EBAY , EBAY
-1.86% , EWP , Spain Index, EWP
-1.47% , PJP , Pharmaceuticals, PJP
-1.23% , ADRU , Europe 100 BLDRS, ADRU
-3.07% , CTXS , CITRIX SYSTEMS
-2.27% , MZZ , Short 200% MidCap 400 PS, MZZ
-4.18% , ISIL , INTERSIL CORP
-2.80% , KG , KING PHARM
-1.52% , FEZ , Euro STOXX 50, FEZ
-3.49% , MHP , MCGRAW HILL
-0.71% , VPL , Pacific VIPERs, VPL
-1.76% , AVP , AVON
-1.01% , UNP , UNION PACIFIC
-0.24% , SCZ , Small Cap EAFE MSCI iS, SCZ
-2.36% , RFMD , RF Micro Devices Inc
-1.44% , EWQ , France Index, EWQ
-2.19% , BBT , BB&T
-2.63% , BMY , BRISTOL MYERS
-0.86% , FII , FED INVESTORS STK B
-1.85% , PEP , PEPSICO
-1.08% , IEV , Europe 350 S&P Index, IEV
-0.90% , EWU , United Kingdom Index, EWU
-0.72% , EFG , Growth EAFE MSCI, EFG
-1.96% , TEVA , Teva Pharmaceutical Industries Limited
-1.44% , PM , Philip Morris, PM
-1.40% , L , LOEWS
-1.32% , PPH , Pharmaceutical H, PPH
-1.64% , BDX , BECTON DICKINSON
-0.63% , LVLT , LEVEL 3 COMMUNICATIONS
-0.78% , RTN , RAYTHEON
-1.24% , IYH , Healthcare DJ, IYH
-0.81% , BWX , Bond Ex-US Treas, BWX
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 above 12-year highs on 4/22/10 and remains bullish. Absolute price of XLY rose above 2-year highs on 4/22/10 and remains bullish. Support 33.87, 33.15, 31.94, 31.66, 30.99, 29.90, 29.25, 28.66, 28.21 and 26.62. Resistance and 38.25 and 39.09.
Industrial (XLI) Bullish, Overweight. The Relative Strength Ratio (XLI/SPY) rose above 18-month highs on 4/22/10 and remains bullish. Absolute price of XLI moved above 18-month highs on 4/22/10 and remains bullish. Support 31.73, 31.27, 29.79, 29.60, and 28.15. Resistance 34.24, 34.50, and 35.00.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) rose above 2-month highs on 4/16/10. Absolute price moved up to a new 19-month high on 4/15/10 and remains bullish. Support 23.42, 23.07, 22.90, 22.66, 22.52, 21.30, 20.71, 20.46 and 20.09. Resistance 24.68 and 25.69.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) and absolute price both broke sharply below 2-week lows on 4/16/10. XLF remains neutral. Support 15.52, 15.37, and 15.12. Resistance 17.12, 17.16, and 17.87.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below 7-week lows on 4/21/10. XLB/SPY remains bearish. Absolute price of XLB also fell below 2-week lows on 4/16/10. Support 33.40, 32.85, and 32.58. Resistance 35.16, 35.38 and 37.10.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below 17-month lows on 3/25/10 and remains bearish. Absolute price of XLE broke out above 3-month highs on 4/20/10 and remains bullish. Support 58.58, 58.27, 54.72, 52.67 and 51.34. Resistance 60.93, and 62.73.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) broke down below 19-month lows on 4/15/10 and remains bearish. Absolute price of XLP stalled since its high on 4/5/10 but remains bullish. Support 27.76, 27.23, 26.82, 26.49, 26.04, 25.93 and 25.71. Resistance 28.75, 29.29 and 30.29.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) fell below 18-month lows on 4/22/10 and remains bearish. Absolute price of XLV fell below 2-month lows on 4/22/10 and remains neutral relative to 50- and 200-day averages. Support 31.00, 30.27, 30.65 and 29.55. Resistance 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) fell below 3-year lows on 4/15/10 and remains bearish. Absolute price of XLU has been neutral most of the time since the peak on 12/14/09. Support 29.30, 28.45, and 28.10. Resistance 30.40, 30.50, 31.30, 31.64 and 32.08.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) has been underperforming since 10/14/09. EEM/SPY trend turned bearish on 4/16/10, according to strict moving average analysis. Absolute price of EEM fell below 2-week lows on 4/16/10.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 12-month lows on 4/22/10. EFA/SPY has been bearish since peaking on 9/9/09. In contrast, absolute price of EFA rose above its highs of the previous 18 months on 4/14/10 and remains bullish. With RS and price trends in conflict, stand aside.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs on 4/22/10 and remains bullish. Absolute price of the NASDAQ closed above 22-month highs on 4/22/10 and remains bullish.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) fell to a 5-month low on 4/14/10. IWF/IWD remains below both 50- and 200-day simple moving averages. In contrast, absolute price of IWF rose above 18-month highs on 4/15/10 and remains bullish. When relative strength and absolute price trends are in conflict, it may be best to stand aside.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) rose above 6-month highs on 4/14/10 and is bullish. Absolute price of IWD rose above 17-month highs on 4/14/10 and is bullish.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above previous 6-year highs on 4/22/10 and remains bullish. Absolute price of RSP rose above 19-month highs on 4/22/10 and remains bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 21 months on 4/22/10 and remains bearish. Absolute price of OEX remains bullish relative to its moving averages.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above 17-month highs on 4/22/10. Absolute price of IWM rose further above 17-month highs on 4/22/10. Both remain in bullish position relative to key moving averages.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 4/22/10 and remains bullish. Absolute price of MDY rose above 21-month highs on 4/22/10 and remains bullish.
Crude Oil nearest futures contract price appears to have entered a correction since peaking at 87.09 on 4/6/10. Minor corrections are normal. Longer term, Oil remains bullish. Support 78.86, 77.05, 76.71, 72.60, 69.50, 68.59 and 65.05. Resistance 90.51, 98.65, and 102.84.
Gold nearest futures contract price appears to have entered a correction since peaking at 1170.7 on 4/12/10. Minor corrections are normal. Longer term, Gold remains bullish. Support 1084.8, 1045.2, 1026.9 and 989.3. Resistance 1170.7, 1196.8 and 1226.4.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) has turned neutral for the intermediate-term trend after stabilizing since making a low on 1/29/10. Longer term, the trend appears unfavorable, since gold mining stocks have underperformed gold bullion since 9/17/09.
Silver/Gold Ratio has partially recovered since making a low on 2/8/10 and has improved from bearish to neutral.
Copper nearest futures contract price appears to have entered a correction since peaking at 3.68 on 4/12/10. Minor corrections are normal. Longer term, Copper remains bullish. Strength in Copper suggests renewed hope about prospects for the world economy, while weakness suggests doubts. Support 3.29, 3.1505, 3.034, and 2.811. Resistance 3.795 and 4.27.
U.S. Treasury Bond nearest futures contract price recovered modestly over the past 2 weeks but remains bearish over the longer term. Support 115.15, 114.06. 113.04 and 112.15. Resistance 118.12, 119.18, 120.11 and 123.18.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) rose above 3-month highs on 4/15/10 and remains bullish. Absolute price of JNK rose above 3-month highs on 4/21/10 and remains bullish.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose to a 2-month high on 4/15/10 and remains bullish. This means investors prefer more inflation protection. Absolute price of TIP rose to a 10-week high on 4/21/10 and remains bullish.
The U.S. dollar nearest futures contract price appears to have entered a correction since peaking at 82.52 on 3/25/10. Minor corrections are normal. Longer term, USD remains bullish. Support 80.14, 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90. Resistance 82.52, 83.145 and 83.335.
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. The Art of Contrary Thinking is best used together with more precise market timing tools.
Advisory Service Sentiment: There were 53.3% Bulls versus 17.4% Bears as of 4/21/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 3.06, up from 2.70 the previous week. The current Bull/Bear ratio is approaching its peak at 3.36 set on 1/13/10, which was the highest bullish sentiment in 6 years. The 20-year range is 0.41 to 3.74, the median is 1.51, and the mean is 1.57.
VIX Fear Index fell to a 33-month low of 15.23 on 4/12/10. A low and falling VIX suggests 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 fell to a 31-month low of 15.53 on 4/14/10. A low and falling VXN suggests 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 rose to 1.85 on 4/15/10, a high level that indicates extreme bullish sentiment, which might be taken as a sign to be alert. Its 2-year mean is 1.20, and its typical range is 0.69 to 1.71, which represents two standard deviations from the mean.
CBOE Put/Call Ratio fell to 0.32 on 4/14/10, a low level that indicates extreme bullish sentiment, which might be taken as a sign to be alert. The 2-year mean is 0.70, and the typical range is 0.44 to 0.96, which represents two standard deviations from the mean.
The Dow Theory again confirmed a Bullish Major Trend on 4/15/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 18 months. The Dow Theory signaled the current Primary Tide Bull Market on 7/23/09, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 6 months. That 7/23/09 bullish signal reversed the previous bearish 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 Composite (SPX) absolute price rose above 18-month highs on 4/15/10, again confirming its bullish trend. Support 1175.12, 1141.45, 1116.11, 1086.02, 1078.46, 1069.97, 1044.50, 1036.31 and 1029.54. Resistance 1213.92, 1220.03 and 1228.74.
S&P 500 Cash Index Potential Resistance
1576.09, high of 10/11/2007
1552.76, high of 10/31/2007
1523.57, high of 12/11/2007
1498.85, high of 12/26/2007
1440.24, high of 5/19/2008
1406.32, high of 5/29/2008
1381.50, Fibonacci 78.6% of 2007-2009 range
1366.59, high of 6/17/2008
1335.63, high of 6/25/2008
1313.15, high of 8/11/2008
1274.42, high of 9/8/2008
1255.09, high of 9/12/2008
1238.81, Fibonacci 78.6% of 1,576.09 high
1228.74, Fibonacci 61.8% of 2007-2009 range
1220.03, high of 9/25/2008
1213.92, high of 4/16/2010
S&P 500 Cash Index Potential Support
1175.12, low of 4/9/2010
1141.45, low of 3/15/2010
1116.11, high of 3/1/2010
1086.95, Fibonacci 38.2% of 2/5-2/19/10 range
1086.02, low of 2/25/2010
1078.46, Fibonacci 50.0% of 2/5-2/19/10 range
1069.97, Fibonacci 61.8% of 2/5-2/19/10 range
1044.50, low of 2/5/2010
1036.31, Fibonacci 23.6% of 2009-2010 range
1029.54, Gann 25.0% of 2009-2010 range
1029.38, low of 11/2/2009
1019.95, low of 10/2/2009
991.97, low of 9/2/2009
978.51, low of 8/17/2009
969.08, Gann 37.5% of 2009-2010 range
965.69, Fibonacci 38.2% of 2009-2010 range
956.23, high of 6/11/2009
908.62, Gann 50.0% of 2009-2010 range
869.32, low of 7/8/2009
851.55, Fibonacci 61.8% of 2009-2010 range
666.79, intraday low of 3/6/2009
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
3.76% Homebuilders SPDR, XHB
1.84% Realty Cohen & Steers, ICF
1.80% Consumer Discretionary SPDR, XLY
1.72% REIT Wilshire, RWR
1.54% REIT VIPERs, VNQ
1.46% Real Estate US DJ, IYR
1.43% Value SmallCap S&P 600, RZV
1.41% Value SmallCap S&P 600 B, IJS
1.39% Semiconductor iS GS, IGW
1.34% Value SmallCap Russell 2000, IWN
1.32% Water Resources, PHO
1.26% Microcap Russell, IWC
1.23% India Earnings WTree, EPI
1.23% India PS, PIN
1.19% MidCap S&P 400 SPDRs, MDY
1.19% SmallCap S&P 600, IJR
1.18% Growth MidCap 400 B, IJK
1.13% MidCap S&P 400 iS, IJH
1.11% Value SmallCap VIPERS, VBR
1.11% MidCap Russell, IWR
1.11% Growth MidCap Russell, IWP
1.08% Small Cap VIPERs, VB
1.06% SmallCap Russell 2000, IWM
1.04% Value MidCap Russell, IWS
1.02% Growth SmallCap VIPERs, VBK
0.99% Value MidCap S&P 400 B, IJJ
0.99% Materials SPDR, XLB
0.98% Growth BARRA Small Cap 600, IJT
0.96% Latin Am 40, ILF
0.92% Industrial SPDR, XLI
0.88% WilderHill Clean Energy PS, PBW
0.83% Turkey MSCI iS, TUR
0.81% LargeCap Blend S&P=Weight R, RSP
0.81% Transportation Av DJ, IYT
0.79% Growth SmallCap R 2000, IWO
0.75% Financial DJ US, IYF
0.71% Basic Materials DJ US, IYM
0.70% Dividend High Yield Equity PS, PEY
0.70% Chile MSCI iS, ECH
0.69% Brazil Index, EWZ
0.68% Financials VIPERs, VFH
0.68% Emerging 50 BLDRS, ADRE
0.66% Financial Services DJ, IYG
0.64% Capital Markets KWB ST, KCE
0.62% Utilities VIPERs, VPU
0.56% Growth LargeCap NASDAQ 100, QQQQ
0.55% Taiwan Index, EWT
0.55% Semiconductor SPDR, XSD
0.54% Financial SPDR, XLF
0.50% Malaysia Index, EWM
0.50% Singapore Index, EWS
0.49% Blend Total Market VIPERs, VTI
0.45% China 25 iS, FXI
0.45% Emerging VIPERs, VWO
0.44% China LargeCap Growth G D H USX PS, PGJ
0.42% Mexico Index, EWW
0.42% Emerging Markets, EEM
0.42% LargeCap 1000 R, IWB
0.41% Technology DJ US, IYW
0.38% Sweden Index, EWD
0.37% Dividend SPDR, SDY
0.37% Info Tech VIPERs, VGT
0.36% Agriculture DB PS, DBA
0.36% Natural Resource iS GS, IGE
0.36% Growth 1000 Russell, IWF
0.36% Dividend DJ Select, DVY
0.35% Metals & Mining SPDR, XME
0.35% Value 1000 Russell, IWD
0.34% Indonesia MV, IDX
0.34% LargeCap Blend Russell 3000, IWV
0.33% Utilities SPDR, XLU
0.31% LargeCap VIPERs, VV
0.31% Growth VIPERs, VUG
0.31% Value S&P 500 B, IVE
0.30% S&P 500 SPDRs LargeCap Blend, SPY
0.28% Canada Index, EWC
0.28% Growth S&P 500/BARRA, IVW
0.26% Preferred Stock iS, PFF
0.26% S&P 500 iS LargeCap Blend, IVV
0.25% Technology SPDR, XLK
0.25% Energy SPDR, XLE
0.25% Commodity Tracking, DBC
0.24% Telecom DJ US, IYZ
0.23% Energy DJ, IYE
0.22% Dividend Appreciation Vipers, VIG
0.21% Value VIPERs, VTV
0.21% South Korea Index, EWY
0.17% DIAMONDS (DJIA), DIA
0.16% Energy VIPERs, VDE
0.07% Oil, Crude, U.S. Oil Fund, USO
0.06% Financial Preferred, PGF
0.05% Value LargeCap Dynamic PS, PWV
0.00% Networking, IGN
0.00% Consumer Staples SPDR, XLP
0.00% Bond Muni ATM-Free S&P iS, MUB
-0.07% Dividend International, PID
-0.07% Bond, 1-3 Year Treasury, SHY
-0.08% Energy Global, IXC
-0.09% LargeCap Blend S&P 100, OEF
-0.14% Netherlands Index, EWN
-0.20% Bond, Aggregate, AGG
-0.23% Bond, Corp, LQD
-0.23% Bond, 10 Year Treasury, IEF
-0.24% Small Cap EAFE MSCI iS, SCZ
-0.25% Hong Kong Index, EWH
-0.27% Pacific ex-Japan, EPP
-0.28% Bond EmrgMkt JPM iS, EMB
-0.29% Bond, TIPS, TIP
-0.29% Bond, High-Yield Corporate, HYG
-0.30% Bond, 20+ Years Treasury, TLT
-0.39% Thailand MSCI iS, THD
-0.42% Gold Shares S.T., GLD
-0.52% Global ex US ACWI iS, ACWX
-0.69% Australia Index, EWA
-0.71% Pacific VIPERs, VPL
-0.72% Growth EAFE MSCI, EFG
-0.73% Silver Trust iS, SLV
-0.77% Biotech SPDR, XBI
-0.78% South Africa Index, EZA
-0.81% Bond Ex-US Treas, BWX
-0.81% Global 100, IOO
-0.86% Japan Index, EWJ
-0.90% United Kingdom Index, EWU
-0.90% EAFE Index, EFA
-0.90% Germany Index, EWG
-1.07% Value EAFE MSCI, EFV
-1.07% European VIPERs, VGK
-1.07% Belgium Index, EWK
-1.08% Europe 350 S&P Index, IEV
-1.11% Russia MV, RSX
-1.15% Health Care SPDR, XLV
-1.26% Switzerland Index, EWL
-1.39% EMU Europe Index, EZU
-1.44% France Index, EWQ
-1.55% Austria Index, EWO
-1.80% Italy Index, EWI
-1.86% Spain Index, EWP
