Technology stock sector turned systematically bearish.

Technology stock sector ETF Relative Strength Ratio (XLK/SPY) turned systematically bearish (from neutral) on 9/16/13 when XLK/SPY crossed back down below its 50-day SMA.

On Monday, U.S. stock market price indexes gapped open strongly to the upside, making their highs of the day, but quickly reversed. Prices sagged in the afternoon but still closed mostly higher. NASDAQ computer and technology stocks closed lower, however.

The S&P 500 Composite Index (SPX: 1,697.60, up 0.57%) closed below the open, below the midpoint of the day’s high-low range, but above its widely-watched 50-day and 200-day SMAs.

NYSE total volume rose 14% to a level 8% below its 200-day SMA. Generally, rising volume confirms the direction (up or down) of a price move, but falling volume may indicate diminishing power behind a price trend, which can suggest a price reversal ahead.

The Cumulative Up-Down Volume Line on the NYSE and the Cumulative Daily Advance-Decline Line on the NYSE both rose on Monday. Both remain systematically bullish above 50-day and 200-day SMAs.

Short-term, day-to-day price momentum has been rising for the past 13 trading days and may be getting overbought. For the medium term, SPX is below its highs of July and August, suggesting neutral/sideways price momentum. A large number of technical indicators agree that the stock market has lost upside momentum in recent months.
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Stock Market Indicators

The Dow Theory reconfirmed a Primary Tide Bull Market on 8/1/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new closing price highs. Apart from the strict form of the Dow Theory, the Transportation Average whipsawed up above its 50-day SMA on 8/27/13 and the Industrial Average whipsawed up above its 50-day SMAs on 9/11/13, so both Averages are systematically bullish again.

NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) turned systematically bullish on 8/26/13, when the 50-day SMA crossed above the 200-day SMA. QQQ/SPY rose above its highest levels of the past 9 months on 9/9/13. Absolute price of QQQ rose above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral).

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) whipsawed back up above its 50-day SMA on 8/30/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains far below the 200-day SMA, and BKF/SPY fell below the lows of the previous 4 years on 8/7/13. BKF/SPY has underperformed since it peaked on 10/14/2010. Absolute price of BKF peaked at 42.29 on 2/1/13, fell to a 20-month low at 32.62 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains far below the 200-day SMA, and EEM/SPY fell below the lows of the previous 4 years on 7/10/13. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. This year, absolute price of EEM peaked at 45.34 on 1/2/13, fell to a 19-month low of 36.16 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains below the 200-day SMA. For nearly 6 years, from 11/27/07 to 7/9/13, EFA/SPY underperformed. This year, absolute price of EFA peaked at 64.14 on 5/22/13 and remains in a trading range below that high. Price whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically bullish (from neutral).

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) whipsawed back down below its 50-day SMA on 8/20/13, thereby turning systematically bearish (from neutral). Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other hand, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) is systematically bullish. IWM/SPY whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically bullish (from neutral). Absolute price whipsawed around its 50-day SMA since 8/19/13 and is currently systematically bullish above the 50-day SMA.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) is systematically neutral. MDY /SPY whipsawed back down below its 50-day SMA on 9/11/13, thereby turning systematically neutral (from bullish). Absolute price whipsawed around its 50-day SMA since 8/19/13 and is currently systematically bullish above the 50-day SMA.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) price turned systematically bearish (from neutral) on 9/12/13 when its 50-day SMA crossed below its 200-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.82, 21.53, 21.07, and 20.84. Resistance 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price rose above its highs of the previous 12 weeks on 9/12/13 but remains systematically neutral. Longer term, however, DBA fell below its lows of the past 3 years on 8/2/13 and has been trending down since peaking on 3/4/11.

Crude Oil, United States Oil ETF (USO) price rose further above its highs of the previous 15 months on 9/6/13, again confirming its preexisting systematically bullish trend. Support 38.03, 36.99, 36.35, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 39.64, 40.29, 41.38, 42.30, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) price whipsawed back down below its 50-day SMA on 9/12/13, thereby turning systematically bearish again (from neutral). Support: 123.55, 122.73, 114.68, 113.08 and 102.28. Resistance: 137.62, 143.43, 149.44, 153.85, 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) has stayed systematically bearish most of the time since absolute price peaked at 66.98 on 9/9/11. Longer term, GDX/GLD has remained mostly bearish for more than 6 years, since 9/5/06.

Silver, iShares Silver Trust ETF (SLV) price trend turned systematically neutral (from bearish) on 8/12/13 when price rose above its 50-day SMA. Price has sagged back down near the 50-day SMA, so another drop like the one on 9/12/13 could turn the price trend systematically bearish again. Support 18.71, 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 23.84, 25.34, 27.14, 27.35, 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.

Silver/Gold ETFs Ratio (SLV/GLD) crossed back above its 50-day SMA on 8/9/13, thereby turning systematically neutral (from bearish). SLV underperformed GLD for more than 2 years from 4/28/11 to 7/30/13.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price whipsawed back down below its 50-day SMA on 9/12/13, thereby turning systematically bearish again (from neutral). Longer term, JJC price was in a persistent downtrend for more than 2 years from its peak of 61.69 on 2/14/11 to its low of 36.87 on 6/24/13. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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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 later revealed to be deal stocks 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
8.10% , ATI , ALLEGHENY TECH
1.18% , IYJ , Industrial LargeCap Blend DJ US, IYJ
0.98% , IYH , Healthcare DJ, IYH
1.00% , IYM , Basic Materials DJ US, IYM
5.32% , LPX , LOUISIANA PAC
3.75% , PHM , PULTE HOMES
0.90% , IYG , Financial Services DJ, IYG
0.70% , RSP , LargeCap Blend S&P=Weight R, RSP
2.41% , DB , Deutsche Bank AG, DB
3.90% , BA , BOEING
3.63% , BMY , BRISTOL MYERS
2.13% , MS , MORGAN STANLEY
2.29% , PMCS , PMC SIERRA
1.48% , SHW , SHERWIN WILLIAMS
0.06% , IDU , Utilities DJ, IDU
3.03% , BLK , BlackRock Inc.
1.80% , DLTR , Dollar Tree Stores Inc
2.71% , DDS , DILLARD STK A
3.10% , BRCM , BROADCOM STK A
3.09% , WHR , WHIRLPOOL
3.66% , DHI , D.R. HORTON, DHI
1.03% , IYF , Financial DJ US, IYF
2.33% , ADSK , AUTODESK
1.37% , TBT , 200% Short US T Bond, TBT
1.29% , EWD , Sweden Index, EWD
3.15% , IGT , INTL GAME TECH
0.53% , IYY , LargeCap Blend Total Market DJ, IYY
1.64% , AEE , AMEREN
1.19% , MCHP , Microchip Technology Incorporated
3.38% , BEN , FRANKLIN RSC
1.73% , APD , AIR PRODS & CHEM
1.17% , PCL , PLUM CREEK TIMB
0.45% , OEF , LargeCap Blend S&P 100, OEF
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.89% , CTB , COOPER TIRE
-2.12% , ALTR , ALTERA
-1.60% , AN , AUTONATION
-3.18% , AAPL , APPLE COMPUTER
-0.34% , IYW , Technology DJ US, IYW
-1.59% , DXD , Short 200% Dow 30 PS, DXD
-0.67% , FII , FED INVESTORS STK B
-0.43% , IYZ , Telecom DJ US, IYZ
-1.24% , SDS , Short 200% S&P 500 PS, SDS
-1.63% , DISH , EchoStar Communications
-0.61% , SH , Short 100% S&P 500, SH
-0.84% , DOG , Short 100% Dow 30, DOG
-0.42% , PST , 200% Short Bond 7-10 Yr T, PST
-0.87% , XEL , XCEL ENERGY
-1.41% , OMX , OFFICEMAX INC., OMX
-1.83% , SNV , SYNOVUS
-0.92% , AZO , AUTOZONE
-0.23% , LAMR , Lamar Advertising Company
-0.80% , GILD , Gilead Sciences Inc
-1.02% , GLW , CORNING
-0.36% , ISIL , INTERSIL CORP
-0.26% , EMN , EASTMAN CHEM
-0.18% , MDP , MEREDITH
-0.13% , IGN , Networking, IGN
-0.43% , SNPS , Synopsys Inc
-0.52% , MPEL , Melco Crown Entertainment, MPEL
-0.09% , IGM , Technology GS, IGM
-1.17% , ODP , OFFICE DEPOT
-0.31% , KMX , CarMax
-0.20% , FPX , IPOs, First Tr IPOX-100, FPX
-0.44% , SBUX , STARBUCKS
-0.18% , TE , TECO ENERGY
-0.42% , VMC , VULCAN MATERIALS
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
4.73% , Turkey MSCI iS, TUR
3.82% , Indonesia MV, IDX
2.77% , Thailand MSCI iS, THD
2.23% , Singapore Index, EWS
1.62% , Chile MSCI iS, ECH
1.60% , Russia MV, RSX
1.53% , Malaysia Index, EWM
1.37% , Germany Index, EWG
1.30% , Industrial SPDR, XLI
1.29% , Sweden Index, EWD
1.29% , Japan Index, EWJ
1.28% , Realty Cohen & Steers, ICF
1.22% , Pacific VIPERs, VPL
1.17% , Hong Kong Index, EWH
1.13% , Emerging Markets MSCI iS, EEM
1.13% , Belgium Index, EWK
1.13% , Pacific ex-Japan, EPP
1.12% , REIT Wilshire, RWR
1.11% , Materials SPDR, XLB
1.11% , Financial SPDR, XLF
1.11% , Emerging VIPERs, VWO
1.04% , Bond, Emerging Mkt JPM iS, EMB
1.03% , South Africa Index, EZA
1.03% , Financial DJ US, IYF
1.01% , Transportation Av DJ, IYT
1.01% , China 25 iS, FXI
1.00% , Basic Materials DJ US, IYM
1.00% , Canada Index, EWC
1.00% , Taiwan Index, EWT
0.99% , REIT VIPERs, VNQ
0.99% , Mexico Index, EWW
0.98% , Real Estate US DJ iS, IYR
0.95% , Financials VIPERs, VFH
0.94% , South Korea Index, EWY
0.94% , Growth EAFE MSCI, EFG
0.93% , Capital Markets KWB ST, KCE
0.91% , Consumer Staples SPDR, XLP
0.90% , Financial Services DJ, IYG
0.90% , Health Care SPDR, XLV
0.89% , Netherlands Index, EWN
0.84% , EMU Europe Index, EZU
0.84% , Dividend SPDR, SDY
0.83% , Global ex U.S. LargeCap Blend, ACWX
0.81% , DIAMONDS (DJIA), DIA
0.80% , France Index, EWQ
0.80% , Italy Index, EWI
0.80% , SmallCap Blend EAFE MSCI iS, SCZ
0.78% , Foreign LargeCap EAFE MSCI iS, EFA
0.78% , Homebuilders SPDR, XHB
0.76% , Australia Index, EWA
0.75% , Value VIPERs, VTV
0.74% , LargeCap Value S&P 500 iS, IVE
0.74% , European VIPERs, VGK
0.73% , Dividend Appreciation Vipers, VIG
0.71% , Value EAFE MSCI, EFV
0.71% , Global LargeCap Blend MSCI iS, ACWI
0.70% , LargeCap Blend S&P=Weight R, RSP
0.70% , Austria Index, EWO
0.68% , Global 100, IOO
0.68% , MidCap Russell, IWR
0.66% , Dividend ex-U.S. DJ iS, IDV
0.66% , Spain Index, EWP
0.66% , LargeCap Blend S&P 500 iS, IVV
0.65% , Value LargeCap Dynamic PS, PWV
0.64% , LargeCap Value Russell 1000 iS, IWD
0.64% , Dividend International, PID
0.63% , Frontier Markets Guggenheim , FRN
0.63% , Bond Ex-US Treas, BWX
0.63% , Growth MidCap Russell, IWP
0.61% , United Kingdom Index, EWU
0.61% , Value MidCap Russell, IWS
0.60% , Europe 350 S&P Index, IEV
0.59% , Dividend U.S. DJ iS, DVY
0.58% , Latin Am 40, ILF
0.58% , Blend Total Market VIPERs, VTI
0.58% , S&P 500 SPDRs LargeCap Blend, SPY
0.57% , LargeCap VIPERs, VV
0.56% , MidCap S&P 400 SPDRs, MDY
0.56% , Emerging 50 BLDRS, ADRE
0.55% , Small Cap VIPERs, VB
0.55% , Bond, High Yield Corp iBoxx iS, HYG
0.54% , MidCap Growth S&P 400 iS, IJK
0.53% , MidCap Value S&P 400 iS, IJJ
0.53% , LargeCap Blend Russell 1000 iS, IWB
0.51% , LargeCap Blend Russell 3000 iS, IWV
0.51% , MidCap Blend S&P 400 iS, IJH
0.51% , WilderHill Clean Energy PS, PBW
0.51% , Value SmallCap VIPERS, VBR
0.48% , Bond, High-Yield Junk, JNK
0.47% , Water Resources, PHO
0.47% , Bond, Muni S&P ATM-Free iS, MUB
0.45% , Consumer Discretionary SPDR, XLY
0.45% , LargeCap Blend S&P 100, OEF
0.44% , LargeCap Growth S&P 500 iS, IVW
0.44% , LargeCap Growth Russell 1000 iS, IWF
0.38% , SmallCap Value Russell 2000 iS, IWN
0.35% , Metals & Mining SPDR, XME
0.34% , Growth SmallCap VIPERs, VBK
0.33% , Semiconductor iS IGW, SOXX
0.30% , Dividend High Yield Equity PS, PEY
0.29% , Energy Global, IXC
0.28% , Growth VIPERs, VUG
0.28% , SmallCap Value S&P 600 iS, IJS
0.28% , Semiconductor SPDR, XSD
0.27% , Bond, TIPS U.S. Treasury iS, TIP
0.27% , Utilities SPDR, XLU
0.22% , Bond, 10 Year Treasury, IEF
0.22% , SmallCap Blend Russell 2000 iS, IWM
0.21% , Bond, Intermediate US Aggregate iS, AGG
0.18% , China LargeCap Growth G D H USX PS, PGJ
0.16% , Switzerland Index, EWL
0.14% , SmallCap Blend S&P 600 iS, IJR
0.14% , SmallCap Growth Russell 2000 iS, IWO
0.13% , Brazil Index, EWZ
0.12% , Bond, Long-Term Corp iBoxx iS, LQD
0.11% , Utilities VIPERs, VPU
0.08% , SmallCap Growth S&P 600 iS, IJT
0.07% , Bond, 1-3 Year Treasury, SHY
0.03% , Preferred Stock iS, PFF
0.02% , Energy DJ, IYE
0.00% , Energy VIPERs, VDE
0.00% , Energy & Nat Res iS GS, IGE
-0.01% , Bond Treasury Short-Term iS, SHV
-0.02% , Energy SPDR, XLE
-0.06% , Financial Preferred, PGF
-0.12% , Microcap Russell, IWC
-0.12% , Biotech SPDR, XBI
-0.13% , Networking, IGN
-0.14% , Technology SPDR, XLK
-0.25% , India Earnings WTree, EPI
-0.27% , QQQ Nasdaq 100 Trust, QQQ
-0.34% , Technology DJ US, IYW
-0.41% , Info Tech VIPERs, VGT
-0.43% , Telecom DJ US, IYZ
-0.59% , Agriculture DB PS, DBA
-0.61% , Bear, Short S&P 500, SH
-0.61% , India PS, PIN
-0.67% , Bond, 20+ Years Treasury, TLT
-0.89% , Oil Fund PowerShares, DBO
-1.07% , Gold Shares S.T., GLD
-1.25% , Commodity Tracking, DBC
-1.90% , Oil, Crude, U.S. Oil Fund, USO
-2.24% , Silver Trust iS, SLV
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The S&P 500 Composite Potential Resistance
1709.67, high of 8/2/2013
1704.95, high of 9/16/2013
1700.18, high of 8/8/2013
1698.78, high of 7/23/2013

The S&P 500 Composite Potential Support
1696.81, high of 8/13/2013
1691.70, low of 9/16/2013
1689.97, high of 9/12/2013
1687.18, high of 5/22/2013
1676.03, low of 7/26/2013
1673.87, 50-day SMA
1672.40, high of 9/9/2013
1671.84, low of 7/16/2013
1669.51, high of 8/26/2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1652.62, Fib 38.2% of Jun-Aug 2013
1652.61, low of 8/16/2013
1635.00, Fib 50.0% of Jun-Aug 2013
1629.05, low of 08/27/2013
1617.38, Fib 61.8% of Jun-Aug 2013
1606.04, Fib 23.6% of Nov-May 2013
1592.29, Fib 78.6% of Jun-Aug 2013
1576.47, 200-day SMA
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1515.27, Fib 50% of Nov-May 2013
1485.01, low of 2/26/2013
1474.69, Fib 61.8% of Nov-May 2013
1474.51, high of 9/14/2012
1468.82, Fib 78.6% of 2009-13 range
1451.64, low on 1/8/2013
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
1416.93, Fib 79.6% of Nov-May 2013
1415.32, high of 5/1/2012
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.58, low of 12/28/12
1398.11, low of 12/31/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1343.35, low of 11/16/2012
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1306.62, low of 6/12/2012
1297.39, Fib 61.8% of 2009-13 range
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1244.80, low of 12/7/2011
1239.73, low of 12/1/2011
1238.81, Fibonacci 78.6% of 1,576.09 high
1234.81, low of 11/3/2011
1231.04, high of 12/16/2011
1228.74, Fibonacci 61.8% of 2007-2009 range
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1176.99, Fib 50% of 2009-13 range
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1056.58, Fib 38.2% of 2009-13 range
1074.77, low of 10/4/2011
1014.14, Fibonacci 38.2% of 2007-2009 range
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
907.60, Fib 23.6% of 2009-13 range
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009