Various short-term momentum oscillators, such as RSI 14, rebounded to their highest levels in 6 trading days and now show bullish divergence compared to price.
Given that the market was nearly as oversold as in July 2009, a further upside bounce seems due for days ahead.
The stock market appears to have endured a typical short-term correction within a long-term uptrend.
Stocks that were the biggest losers in recent weeks rebounded the most—Materials and Energy sectors had the largest bounces, up more than 3%. This is typical when the market changes direction.
All sectors rose, although the defensive sectors (Health Care, Utilities, and Consumer Staples) rose the least, up less than 1%. Lagging of defensives is typical when the market trend reverses from down to up.
I expect more of the same sector performance in days ahead, as long as the bounce continues.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its rising 50-day simple moving average on 2/1/10 but remains above its rising 200-day simple moving average. Absolute price fell below its 50-day simple moving average on 1/22/10 but remains above its rising 200-day simple moving average.
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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
1.15% , PWT , Growth SmallCap Dynamic PS, PWT
10.06% , LIZ , LIZ CLAIRBORNE
1.71% , DSG , Growth Small Cap DJ, DSG
0.84% , PUI , Utilities, PUI
1.67% , PPA , Aerospace & Defense, PPA
5.16% , RYAAY , Ryanair Holdings plc
1.47% , IXG , Financials Global LargeCap Value, IXG
1.14% , IYC , Consumer Cyclical DJ, IYC
5.11% , CEG , CONSTELL ENERGY
6.98% , ASH , ASHLAND
1.81% , PEJ , Leisure & Entertainment, PEJ
7.29% , FNM , FANNIE MAE
0.52% , PKB , Building & Construction, PKB
0.86% , ITF , Japan LargeCap Blend TOPIX 150, ITF
2.21% , RPG , Growth S&P 500, RPG
3.40% , IGW , Semiconductor iS GS, IGW
2.03% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
1.20% , VIG , Dividend Appreciation Vipers, VIG
4.38% , EFX , EQUIFAX
1.27% , ELV , Value Large Cap DJ, ELV
4.21% , NI , NISOURCE
5.55% , OMX , OFFICEMAX INC., OMX
4.08% , RHT , Red Hat Inc.
2.30% , IXC , Energy Global, IXC
1.12% , PWY , Value SmallCap Dynamic PS, PWY
2.95% , IYE , Energy DJ, IYE
0.52% , UTH , Utilities H, UTH
3.86% , GD , GENERAL DYNAMICS
5.11% , ETN , EATON
1.88% , EWL , Switzerland Index, EWL
3.31% , PXE , Energy Exploration & Prod, PXE
1.42% , IJJ , Value MidCap S&P 400 B, IJJ
1.49% , VPL , Pacific VIPERs, VPL
6.25% , NEM , NEWMONT MINING
0.77% , PIV , Value Line Timeliness MidCap Gr, PIV
0.78% , IXN , Technology Global, IXN
7.67% , NVDA , NVIDIA
1.70% , RFV , Value MidCap S&P 400, RFV
7.25% , ABK , AMBAC FINL GRP
1.43% , IWW , Value LargeCap Russell 3000, IWW
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.43% , BSX , BOSTON SCIENT
-7.00% , GCI , GANNETT
-1.36% , MYY , Short 100% MidCap 400, MYY
-3.28% , ACV , Alberto-Culver Co.
-5.21% , AMZN , Amazoncom Inc
-3.33% , NYT , NY TIMES STK A
-1.59% , HHH , Internet H, HHH
-0.67% , IEF , Bond, 10 Year Treasury, IEF
-0.67% , AET , AETNA
-0.26% , RSH , RADIOSHACK
-1.39% , FHN , FIRST TENNESSEE
-0.14% , AEP , AM ELEC POWER
-0.39% , GIS , GENERAL MILLS
-4.46% , NBR , NABORS
-0.43% , MI , MARSHAL & ILSLEY
-0.23% , AEE , AMEREN
-0.19% , BBH , Biotech H, BBH
-0.14% , SHY , Bond, 1-3 Year Treasury, SHY
-0.12% , PMTC.O , PARAMETRIC
-0.06% , HSP , HOSPIRA
-0.11% , CL , COLGATE
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 5-week highs on 1/29/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY fell below 7-week lows on 1/29/10, is below its 50-day simple moving average, and remains above its 200-day simple moving average. Support 28.73 and 28.29. Resistance 30.38, 30.54, 31.95 and 33.76.
Health Care (XLV) Bullish, Overweight. The Relative Strength Ratio (XLV/SPY) rose above 6-month highs on 1/29/10. XLV/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLV traded above its highs of the previous 15 months on 1/20/10. Support 31.07 and 30.88. Resistance 33.16, 33.37 and 33.74.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) has moderately outperformed since the market bottom on 3/6/09. XLI/SPY remains moderately above rising 50-day and 200-day simple moving averages. Absolute price of XLI fell below 9-week lows on 1/29/10, is below its 50-day simple moving average, and remains above its 200-day simple moving average. Support 27.04 and 26.93. Resistance 28.25, 29.61, 30.56 and 32.00.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell below the lows of the previous 3 months on 2/1/10. XLK /SPY fell below its 50-day simple moving average on 1/11/10 and fell below its 200-day simple moving average on 1/28/10. Absolute price of XLK fell below 12-week lows on 1/29/10. Price broke down below its 50-day simple moving average on 1/22/10 but remains above its rising 200-day simple moving average. Support 20.46 and 20.09. Resistance 22.05, 22.59, 22.87, and 23.05.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above the highs of the previous 9 weeks on 1/29/10 and above its 50-day simple moving average on 1/22/10. XLP/SPY is only slightly below its falling 200-day simple moving average. Absolute price of XLP fell below the lows of the previous 5 weeks on 1/26/10 but appears to be firming since. Support 26.16, 25.96 and 25.77. Resistance 27.04, 27.18 and 29.29.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY ) fell below the lows of the previous 6 months on 1/29/10. XLB/SPY fell below both 50- and 200-day simple moving averages on 1/21/10 and has continued to decline. Absolute price of XLB fell below the lows of the previous 12 weeks on 1/29/10. Support 28.95 and 28.67. Resistance 32.57, 33.73 and 34.52.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below the lows of the previous 6 weeks on 1/29/10. XLE/SPY fell below its 50-day and 200-day simple moving averages on 1/26/10. Absolute price of XLE fell below the lows of the previous 7 weeks on 1/29/10. Support 54.17 and 53.46. Resistance 57.72, 58.52 and 59.90.
Financial (XLF) Bearish, Underweight. The Relative Strength Ratio (XLF/SPY) has been in a downward correction since 10/14/09 and fell below the lows of the previous 3 weeks on 1/26/10. XLF/SPY is in a weak position, below both 50- and 200-day simple moving averages. Absolute price of XLF has been in a correction/consolidation phase since 10/14/09 and fell below the lows of the previous 5 weeks on 1/22/10. Support 13.78 and 13.62. Resistance 14.68, 15.40 and 15.76.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) may be attempting to stabilize since probing 2-year lows on 11/18/09. XLU/SPY remains below both its 50-day and 200-day simple moving averages. Absolute price of XLU fell below the lows of the previous 9 weeks on 1/29/10. Support 29.35 and 28.10. Resistance 31.30, 31.64 and 32.08.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 months on 1/27/10. Absolute price of EEM fell below the lows of the previous 12 weeks on 1/29/10. EEM has underperformed the SPY since 10/14/09.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 8 months on 1/29/10. EFA /SPY is below both its 50-day simple moving average and its 200-day simple moving average. Absolute price of EFA fell below the lows of the previous 4 months on 1/29/10. EFA has underperformed the SPY since 9/9/09.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its rising 50-day simple moving average on 2/1/10 but remains above its rising 200-day simple moving average. Absolute price fell below its 50-day simple moving average on 1/22/10 but remains above its rising 200-day simple moving average.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) has been performing sideways/neutral for most of the past 10 months, since March 2009. Longer term, IWF/IWD has been bullish since 8/8/06.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) has been performing sideways/neutral for most of the past 8 months, since May 2009. Longer term, IWD/SPY has been bearish since 3/22/07, and we assume that major trends continue–until proved otherwise.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose further above previous 6-year highs on 1/8/10. RSP/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of RSP rose to a new 15-month closing price high on 1/8/10, then broke down below 7-week lows on 1/29/10.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below the lows of the previous 3 months on 12/22/09. OEX/SPX remains below its falling 50- and 200-day simple moving averages.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) rose to a new 3-month high on 1/22/10 and remains above both its 50- and 200-day simple moving averages. Absolute price of IWM fell below 7-week lows on 1/29/10 after rising above 15-month highs on 1/8/10, indicating a short-term correction within a long-term uptrend.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) rose above the highs of the previous 4 months on 1/22/10. MDY/SPY remains above its 50- and 200-day simple moving averages. Absolute price of MDY fell below 7-week lows on 1/29/10 but remains above its 200-day simple moving average.
CRB Index of commodity prices fell further below 3-month lows on 1/29/10.
Crude Oil nearest futures contract price had a relatively large bounce on 2/1/10 after falling below 6-week lows on 1/29/10. Oil is below its 50-day simple moving average but above its rising 200-day simple moving average. Support 68.59, and 65.05. Resistance 75.52, 77.06, 79.47, 80.36, 83.95, 85.82 and 98.65.
Gold nearest futures contract price jumped above 6-day highs on 2/1/10 after breaking down below 3-month lows on 1/28/10. Gold is below its 50-day simple moving average but above its rising 200-day simple moving average. Support 1073.2, 1070.2 and 1026.9. Resistance 1118.5, 1163.0, 1170.2, 1196.8 and 1226.4.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell below 7-month lows on 1/29/10 after falling below both 50- and 200-day simple moving averages on 1/15/10. The gold mining stocks have underperformed gold bullion since 9/17/09.
Silver/Gold Ratio fell below 5-month lows on 1/28/10. It fell sharply from 1/19/10 to 1/28/10, breaking below both 50- and 200-day simple moving averages. The Silver/Gold Ratio has been trending lower since its peak on 9/16/09, following 11 months of rising trend. Weakness in this Ratio suggests renewed doubts about prospects for the world economy.
Copper nearest futures contract price fell below 11-week lows on 2/1/10 before reversing to close higher on the day. Falling copper prices suggest doubts about global economic prospects. Support 2.966 and 2.895. Resistance 3.267, 3.47, 3.544, 3.5625, 3.5625, and 3.79.
U.S. Treasury Bond nearest futures contract price eased modestly lower on 2/1/10 after rising above 5-week highs on 1/29/10. The Bond is below its 50-day simple moving average and below its 200-day simple moving average. Support 117.20, 116.22, 115.24, 114.16, 113.04 and 112.15. Resistance 119.08 and 120.08.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) is above its rising 50- and 200-day simple moving averages. Absolute price of JNK is below its 50-day simple moving average but remains above its rising 200-day simple moving average.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose to another new 15-month high on 1/7/10, again confirming a bullish long-term trend. TIP/IEF remains above rising 50- and 200-day simple moving averages. Absolute price of TIP rose above 2-month highs 1/29/10.
The U.S. dollar nearest futures contract price rose further above 5-month highs on 2/1/10 before pulling back to close modestly lower. USD crossed above its rising 50-day simple moving average on 12/8/09 and crossed above its falling 200-day simple moving average on 1/27/10. Support 78.20, 76.74 and 75.90. Resistance 79.695 and 81.795.
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 40.0% Bulls versus 23.3% Bears as of 1/27/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio collapsed to a neutral 1.72, down from 3.36 on 1/13/10, which was the highest ratio of bullish sentiment in 6 years. The 20-year range of the ratio is 0.41 to 3.74, the median is 1.50, and the mean is 1.57.
VIX Fear Index jumped to 27.31 on 1/22/10, up from 17.55 on 1/11/10, which was its lowest level in 26 months. 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 jumped to 28.37 on 1/22/10, up from 17.73 on 1/14/10, which was its lowest level in 26 months. 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 0.67 on 1/26/10, down from 1.68 on 1/11/10, indicating a shift to pessimism from optimism. 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 0.75 on 1/22/10, up from 0.49 on 1/8/10, indicating a shift to moderate pessimism from optimism. The ratio’s 6-year mean is 0.66, its median is 0.64, and its range is 0.35 to 1.35.
The Dow Theory last confirmed a Bullish Major Trend on 1/11/10, 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 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 signal reversed 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 Composite (SPX) bounced up 1.43%, for the best gain in 4 weeks. Various short-term momentum oscillators, such as RSI 14, rebounded to their highest levels in 6 trading days and now show bullish divergence compared to price. The stock market has endured a typical short-term correction within a long-term uptrend. Given that the market was nearly as oversold as in July 2009, a further upside bounce seems due for days ahead. SPX closed below its 50-day simple moving average on 1/22/10 (which is typical of minor corrections) but remains well above its more significant rising 200-day simple moving average now at 1014.20. Support 1071.59, 1066.83 and 1036.31. Resistance 1103.69, 1121.44, 1131.32 and 1150.45.
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
1158.76, EW ABC measured move target
1150.45, high of 1/19/2010
1131.32, low of 1/7/2010
1121.44, Gann 50.0% of 2007-2009 range
1103.69, high of 1/26/2010
S&P 500 Cash Index Potential Support
1071.59, low of 1/29/2010
1066.83, high of 10/29/2009
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
5.91% Metals & Mining SPDR, XME
4.64% Basic Materials DJ US, IYM
4.50% Brazil Index, EWZ
4.31% Sweden Index, EWD
4.00% Natural Resource iS GS, IGE
3.98% Materials SPDR, XLB
3.83% Oil Services H, OIH
3.68% Semiconductor SPDR, XSD
3.59% Latin Am 40, ILF
3.57% Semiconductors, PSI
3.40% Semiconductor iS GS, IGW
3.34% Materials VIPERs, VAW
3.31% Energy Exploration & Prod, PXE
3.30% Energy SPDR, XLE
3.13% China 25 iS, FXI
3.05% Ultra S&P500 Double, SSO
3.03% Oil, Crude, U.S. Oil Fund, USO
3.02% Energy VIPERs, VDE
2.95% Energy DJ, IYE
2.93% South Africa Index, EZA
2.89% Silver Trust iS, SLV
2.87% Emerging VIPERs, VWO
2.85% Oil & Gas, PXJ
2.78% Internet Infrastructure H, IIH
2.72% WilderHill Clean Energy PS, PBW
2.71% Belgium Index, EWK
2.69% Emerging Markets, EEM
2.68% Ultra MidCap400 Double, MVV
2.62% China LargeCap Growth G D H USX PS, PGJ
2.60% Hong Kong Index, EWH
2.59% Euro STOXX 50, FEZ
2.57% Emerging 50 BLDRS, ADRE
2.51% European VIPERs, VGK
2.50% Austria Index, EWO
2.49% India Earnings WTree, EPI
2.47% Ultra Dow30 Double, DDM
2.43% Italy Index, EWI
2.42% Commodity Tracking, DBC
2.42% Australia Index, EWA
2.40% South Korea Index, EWY
2.37% Mexico Index, EWW
2.35% Netherlands Index, EWN
2.35% Asia 50 BLDRS, ADRA
2.30% Energy Global, IXC
2.26% Gold Shares S.T., GLD
2.23% Pacific ex-Japan, EPP
2.22% France Index, EWQ
2.21% Growth S&P 500, RPG
2.18% Semiconductor H, SMH
2.09% Ultra QQQ Double, QLD
2.04% Spain Index, EWP
2.03% Value LargeCap Euro STOXX 50 DJ, FEU
2.01% Realty Cohen & Steers, ICF
2.01% Europe 350 S&P Index, IEV
2.00% Value S&P 500, RPV
1.97% EMU Europe Index, EZU
1.96% REIT Wilshire, RWR
1.94% Value EAFE MSCI, EFV
1.92% MidCap VIPERs, VO
1.90% LargeCap Blend NYSE Composite iS, NYC
1.89% Developed 100 BLDRS, ADRD
1.88% Canada Index, EWC
1.88% Switzerland Index, EWL
1.87% MidCap Growth iS M, JKH
1.83% EAFE Index, EFA
1.82% REIT VIPERs, VNQ
1.82% MidCap Russell, IWR
1.82% Real Estate US DJ, IYR
1.82% MidCap Blend Core iS M, JKG
1.81% Leisure & Entertainment, PEJ
1.77% Germany Index, EWG
1.77% Technology MS sT, MTK
1.75% Value LargeCap Fundamental RAFI 1000, PRF
1.75% Growth EAFE MSCI, EFG
1.74% Value 1000 Russell, IWD
1.71% Growth Small Cap DJ, DSG
1.70% LargeCap Blend S&P=Weight R, RSP
1.70% Growth MidCap Russell, IWP
1.70% Value MidCap Russell, IWS
1.69% Financial SPDR, XLF
1.69% Growth MidCap S&P 400, RFG
1.67% Aerospace & Defense, PPA
1.67% Transportation Av DJ, IYT
1.64% Value MidCap Dynamic PS, PWP
1.62% Europe 100 BLDRS, ADRU
1.61% Info Tech VIPERs, VGT
1.61% LargeCap Blend Russell 3000, IWV
1.60% Global 100, IOO
1.59% Networking, IGN
1.58% Growth S&P 500/BARRA, IVW
1.58% Technology DJ US, IYW
1.58% S&P 500 iS LargeCap Blend, IVV
1.57% Growth SmallCap VIPERs, VBK
1.56% Growth VIPERs, VUG
1.56% S&P 500 SPDRs LargeCap Blend, SPY
1.53% Blend Total Market VIPERs, VTI
1.53% Value SmallCap iS M, JKL
1.52% Small Cap VIPERs, VB
1.51% Growth MidCap 400 B, IJK
1.50% Industrial SPDR, XLI
1.49% MidCap S&P 400 SPDRs, MDY
1.49% LargeCap 1000 R, IWB
1.49% Pacific VIPERs, VPL
1.49% Short 200% US T Bond, TBT
1.48% MidCap S&P 400 iS, IJH
1.48% Singapore Index, EWS
1.48% Value SmallCap S&P 600, RZV
1.47% Financials Global LargeCap Value, IXG
1.47% Extended Mkt VIPERs, VXF
1.43% Technology GS, IGM
1.43% Value LargeCap Russell 3000, IWW
1.42% Value MidCap S&P 400 B, IJJ
1.42% Growth LargeCap iS M, JKE
1.41% Financial Services DJ, IYG
1.41% LargeCap VIPERs, VV
1.41% Dividend International, PID
1.39% Industrial LargeCap Blend DJ US, IYJ
1.39% Global Titans, DGT
1.39% LargeCap Blend Dynamic PS, PWC
1.39% Value S&P 500 B, IVE
1.39% Value MidCap iS M, JKI
1.39% Growth 1000 Russell, IWF
1.36% Capital Markets KWB ST, KCE
1.34% Industrials VIPERs, VIS
1.33% Financial DJ US, IYF
1.33% LargeCap Blend Socially Responsible iS, KLD
1.33% Value VIPERs, VTV
1.32% LargeCap Blend S&P 1500 iS, ISI
1.32% Value LargeCap iS M, JKF
1.31% SmallCap Core iS M, JKJ
1.31% LargeCap Blend Total Market DJ, IYY
1.29% Financials VIPERs, VFH
1.28% DIAMONDS (DJIA), DIA
1.28% Consumer Discretionary SPDR, XLY
1.27% LargeCap Blend S&P 100, OEF
1.27% Value Large Cap DJ, ELV
1.26% Bank Regional H, RKH
1.25% Wilshire 5000 ST TM, TMW
1.20% Nanotech Lux, PXN
1.20% Dividend Appreciation Vipers, VIG
1.19% Dividend DJ Select, DVY
1.19% LargeCap Blend Core iS M, JKD
1.18% SmallCap Russell 2000, IWM
1.17% Telecommunications & Wireless, PTE
1.15% Technology SPDR, XLK
1.15% Growth SmallCap Dynamic PS, PWT
1.14% Dividend Achievers PS, PFM
1.14% Consumer Cyclical DJ, IYC
1.14% Value SmallCap VIPERS, VBR
1.13% Growth BARRA Small Cap 600, IJT
1.12% Value SmallCap Dynamic PS, PWY
1.12% Value SmallCap Russell 2000, IWN
1.12% Growth Mid Cap Dynamic PS, PWJ
1.10% Growth LargeCap NASDAQ 100, QQQQ
1.10% Telecom DJ US, IYZ
1.10% Consumer D. VIPERs, VCR
1.10% Software, IGV
1.08% Telecommunications Global, IXP
1.07% Growth SmallCap iS M, JKK
1.06% Growth SmallCap R 2000, IWO
1.06% Value LargeCap NYSE 100 iS, NY
1.05% Biotech SPDR, XBI
1.04% Financial Preferred, PGF
1.03% Growth Large Cap, ELG
1.02% Japan Index, EWJ
1.01% LargeCap Rydex Rus Top 50, XLG
1.00% Food & Beverage, PBJ
0.99% Value LargeCap Dynamic PS, PWV
0.98% Software H, SWH
0.98% Growth LargeCap Russell 3000, IWZ
0.97% Micro Cap Zachs, PZI
0.96% SmallCap S&P 600, IJR
0.96% OTC Dynamic PS, PWO
0.95% Value Small Cap DJ, DSV
0.89% Dividend SPDR, SDY
0.88% Telecom Services VIPERs, VOX
0.87% Growth LargeCap NASDAQ Fidelity, ONEQ
0.86% IPOs, First Tr IPOX-100, FPX
0.86% Japan LargeCap Blend TOPIX 150, ITF
0.85% Value 40 Large Low P/E FT DB, FDV
0.84% Utilities, PUI
0.81% Value SmallCap S&P 600 B, IJS
0.80% Short 200% Bond 7-10 Yr T, PST
0.80% Consumer Staples VIPERs, VDC
0.80% Utilities DJ, IDU
0.78% Technology Global, IXN
0.77% Value Line Timeliness MidCap Gr, PIV
0.77% Consumer Non-Cyclical, IYK
0.76% Consumer Staples SPDR, XLP
0.75% Lg Cap Growth PSD, PWB
0.72% Retail, PMR
0.70% Healthcare Global, IXJ
0.66% Dividend High Yield Equity PS, PEY
0.66% Malaysia Index, EWM
0.65% Biotech & Genome, PBE
0.65% Software, PSJ
0.64% Utilities SPDR, XLU
0.63% Water Resources, PHO
0.62% Pharmaceutical H, PPH
0.58% Dividend Leaders, FDL
0.58% Microcap Russell, IWC
0.58% Health Care SPDR, XLV
0.56% Utilities VIPERs, VPU
0.52% Utilities H, UTH
0.52% Building & Construction, PKB
0.52% United Kingdom Index, EWU
0.41% Healthcare DJ, IYH
0.38% Preferred Stock iS, PFF
0.35% Health Care VIPERs, VHT
0.33% Homebuilders SPDR, XHB
0.33% Pharmaceuticals, PJP
0.15% Internet Architecture H, IAH
0.15% Insurance, PIC
0.09% Telecom H, TTH
-0.01% Retail H, RTH
-0.06% SmallCap PS Zacks, PZJ
-0.14% Bond, 1-3 Year Treasury, SHY
-0.19% Biotech H, BBH
-0.24% Bond, TIPS, TIP
-0.25% Taiwan Index, EWT
-0.29% Bond, High-Yield Corporate, HYG
-0.45% Bond, Aggregate, AGG
-0.67% Bond, 10 Year Treasury, IEF
-0.87% Bond, Corp, LQD
-0.99% Short 100% QQQ, PSQ
-1.21% Short 100% Dow 30, DOG
-1.26% Bond, 20+ Years Treasury, TLT
-1.36% Short 100% MidCap 400, MYY
-1.52% Short 100% S&P 500, SH
-1.59% Internet H, HHH
-2.14% Short 200% QQQ PS, QID
-2.48% Short 200% Dow 30 PS, DXD
-2.91% Short 200% MidCap 400 PS, MZZ
-3.03% Short 200% S&P 500 PS, SDS
-6.06% Internet B2B H, BHH