U.S. stock market price indexes opened lower and continued to decline until 11:00 a.m. ET. Prices recovered modestly after that intraday low but still closed lower than the open and lower than the midpoint of the day’s high-low range. The S&P 500 Composite Index (SPX: 1,697.37) fell 0.57% and broke down below a 6-week uptrend line rising from the low 1,560.33 on 6/24/13.
NYSE total volume jumped 31% to its lowest level since 7/3/13, a level 7% 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 and the Cumulative Daily Advance-Decline on the NYSE fell again. In July and so far in August, both failed to rise above their May highs; therefore, both remain bearishly divergent relative to the price indexes. In addition, the Net Number of New Highs-Lows remains far below its May high, thereby diverging bearishly as well.
Popular price momentum oscillators based on SPX, such as RSI(14) and MACD(12,26,9), failed to rise above their May highs in recent weeks to confirm new highs by the price indexes. So, both oscillators remain bearishly divergent.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) is currently bullish. XLF/SPY rose above its 50-day SMA on 4/23/13, thereby turning systematically bullish. Longer term, although the XLF/SPY has moderately outperformed since the bottom on 3/6/09, it has substantially underperformed over the past 9 years, since 3/23/04, and the secular trend may be bearish still. Absolute price whipsawed back above the 50-day SMA on 6/26/13, thereby turning systematically bullish (from neutral). Support: 20.27, 19.34, 18.58, 18.48, 17.75, 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 20.93, 24.50, and 28.17.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) is currently bullish. XLY/SPY turned systematically bullish (from neutral) on 6/13/13, when it whipsawed back above the 50-day SMA. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price whipsawed back above the 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral). Support: 58.94, 58.23, 56.50, 53.96, 52.32, 51.95, 51.46, 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: none.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) is currently bullish. XLV/SPY whipsawed back up above its 50-day SMA on 7/19/13, thereby turning systematically bullish again (from neutral). In a broader context, XLV clearly has underperformed SPY since the XLV/SPY ratio peaked on 4/22/13. Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 50.20, 49.52, 47.18, 46.45, 46.02, 44.22, 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: none.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) is currently bullish. XLI/SPY whipsawed back up above its 50-day SMA on 7/18/13, thereby turning systematically bullish again (from neutral). Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 44.66, 42.63, 41.37, 40.90, 40.02, 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: none.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) remains systematically bearish. XLP/SPY has been relatively weak since the XLP/SPY ratio peaked on 4/19/13. Long term, XLP/SPY underperformed since the XLP/SPY ratio peaked on 11/20/2008. Absolute price turned systematically bullish (from neutral) on 7/9/13, when it rose above its 50-day SMA. Support 41.02, 38.87, 38.20, 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: 41.88 and 42.20.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) is currently systematically bearish. XLE/SPY whipsawed back down below its 50-day SMA on 7/26/13, thereby turning systematically bearish again (from neutral). Long term, XLE/SPY has been trending down since the XLE/SPY ratio peaked on 3/30/11. Absolute price rose above its 50-day SMA on 7/8/13, thereby turning systematically bullish (from neutral). Support: 81.68, 80.82, 78.34, 76.02, 73.51, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 83.96 and 91.42.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) remains systematically bearish. XLK/SPY has been trending down since it peaked on 4/10/12. Absolute price has been systematically neutral most of the time in recent weeks, after peaking at 32.21 on 5/20/13. Support: 31.37, 31.07, 29.94, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 32.32, 34.85, 36.40, and 39.07.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) remains systematically bearish. XLB/SPY fell to its lowest level in 6 years on 7/5/13, thereby confirming its long-term major downtrend. The XLB/SPY ratio has been trending down since it peaked on 6/23/2008. Absolute price whipsawed back up above its 50-day SMA on 7/17/13, thereby turning systematically bullish again (from neutral). Support: 39.66, 37.78, 37.10, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 41.10, 41.61, 43.04, 45.21, and 46.54.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell to its lowest level in 8 years on 7/5/13 and has been trending down since the XLU/SPY ratio peaked on 11/21/2008. Absolute price rose above its 50-day SMA on 7/11/13, thereby turning systematically bullish (from neutral). Support: 38.69, 38.00, 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 39.81, 40.55, 41.44, 41.98, and 44.66.
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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 price highs.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) remains systematically neutral, although its trend appears to be changing in a more bullish direction. QQQ/SPY rose above its highest levels of the past 6 months on 8/5/13.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its major downtrend. BKF/SPY turned systematically bearish on 3/27/13, when the 50-day SMA crossed below the 200-day SMA. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. BKF/SPY has underperformed since the ratio peaked on 10/14/2010. Price peaked at 42.29 on 2/1/13 and fell to a 20-month low on 6/24/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its preexisting major downtrend. EEM/SPY turned systematically bearish on 3/20/13, when the 50-day SMA fell below the 200-day SMA. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. Absolute price peaked at 45.34 on 1/2/13 and fell to a 19-month low on 6/24/13, confirming its bearish major trend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 10 years on 7/9/13, again reconfirming its preexisting major downtrend. EFA/SPY has underperformed since the ratio peaked on 11/27/2007. Absolute price peaked at 64.14 on 5/22/13 and fell to a 6-month low on 6/24/13, confirming a significant downtrend.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) remains systematically bearish. OEF/SPY has been in a down trend since 9/24/12. 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) remains systematically bullish. IWM/SPY has been rising since 5/1/13. Absolute price crossed back above its 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral).
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. MDY/SPY has been rising since 6/21/13. Absolute price crossed back above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral).
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price remains systematically bearish. Momentum indicators RSI and MACD based on the TLT price are oversold and show bullish divergence compared to price itself. Long term, the 33-year trend is still indicating rising bond prices. Support 105.00, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 109.69, 110.80, 114.77, 118.94, 121.32, 124.26, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) price remains systematically bearish. Momentum indicators RSI and MACD based on the IEF price are oversold and show bullish divergence compared to price itself. Long term, the 33-year trend is still indicating rising prices. Support 100.86, 100.45, 100.31, 99.79, and 97.66. Resistance: 102.86, 107.62, 108.24, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) has been systematically bullish since 5/3/13, when the ratio crossed above its 50-day SMA. Absolute price of JNK has been in a rising trend since 6/24/13 but remains below its high of 41.95 set on 5/8/13.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) turned systematically neutral (from bearish) on 7/16/13, when it crossed above the 50-day SMA. Absolute price of TIP peaked at 123.44 on 12/6/12 and remains systematically bearish.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) whipsawed back down below its 50-day SMA on 7/16/13, thereby turning systematically neutral again (from bullish). UUP rose above its 200-day SMA on 8/1/13. 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 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the past 3 years on 8/2/13 and remains systematically bearish. Price has been trending down since peaking on 3/4/11.
Crude Oil, United States Oil ETF (USO) price remains in a systematically bullish trend above its 50-day SMA and 200-day SMA. Support 36.22, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price trend turned systematically bearish (from neutral) on 7/30/13 when price whipsawed back down below its 50-day SMA. Price fell below its lows of the previous 2 years on 6/28/13, thereby reconfirming its preexisting major bearish trend. GLD has been trending down since peaking at 185.85 on 9/6/11. Support: 122.73, 114.68, 113.08 and 102.28. Resistance: 130.14, 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 12/27/12, when the 50-day SMA crossed below the 200-day SMA. 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 remains systematically bearish. Price fell below its lows of the previous 2 years on 6/27/13, again reconfirming its preexisting major bearish trend. The trend has been bearish since price peaked at 48.35 on 4/28/11. Support 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 19.89, 20.53, 22.65, 23.70, 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) fell below its lows of the previous 3 years on 7/30/13, again reconfirming its major downtrend. SLV/GLD remains systematically bearish. SLV has underperformed GLD since SLV price peaked at 48.35 on 4/28/11.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) fell below its lows of the previous 2 years on 6/24/13, again reconfirming its major downtrend. The JJC price trend has been bearish since price peaked at 61.69 on 2/14/11. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, so price weakness in Copper implies a weak economic outlook.
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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
14.29% , ININ , Interactive Intelligence ININ
6.35% , TAP , ADOLPH COORS STK B, TAP
3.99% , VLO , VALERO ENERGY
1.19% , MYY , Short 100% MidCap 400, MYY
4.27% , WPO , Washington Post
2.50% , MCO , MOODYS CORP
2.62% , FE , FIRSTENERGY
1.68% , NYT , NY TIMES STK A
2.16% , EXPD , Expeditors International WA
0.82% , CTSH , Cognizant Technology Solutions
1.56% , DIS , WALT DISNEY
1.19% , DXD , Short 200% Dow 30 PS, DXD
1.12% , MKC , MCCORMICK
0.95% , K , KELLOGG
1.34% , RDC , ROWAN COMPANIES
0.37% , TIF , TIFFANY
0.49% , HOLX , Hologic, Inc., HOLX
0.13% , CS , Credit Suisse Group, CS
0.49% , HD , HOME DEPOT
0.64% , RL , Polo Ralph Lauren
0.48% , FCX , FREEPRT MCMORAN STK B
1.13% , FLEX , Flextronics International Ltd
0.46% , BCR , C R BARD
0.19% , SHW , SHERWIN WILLIAMS
1.28% , BAX , BAXTER INTL
0.29% , MOLX , MOLEX
0.21% , BF.B , BROWN FORMAN STK B
0.45% , PLD , PROLOGIS TRUST
0.45% , DISH , EchoStar Communications
0.13% , PLL , PALL
0.18% , LPX , LOUISIANA PAC
0.56% , IFF , INTL FLAV & FRAG
0.14% , SYY , SYSCO
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.98% , SIL , Silver Miners Global X, SIL
-3.64% , JWN , NORDSTROM
-2.75% , URBN , Urban Outfitters Inc.
-2.40% , XME , Metals & Mining SPDR, XME
-6.50% , NEM , NEWMONT MINING
-3.82% , WHR , WHIRLPOOL
-3.87% , MTG , MGIC INVESTMENT
-2.82% , KSS , KOHLS
-2.60% , IGT , INTL GAME TECH
-4.42% , UNM , UNUMPROVIDENT
-0.95% , IWN , Value SmallCap Russell 2000, IWN
-2.24% , RSX , Russia MV, RSX
-3.76% , THC , TENET HEALTHCARE
-0.61% , SOXX , Semiconductor iS IGW, SOXX
-1.98% , SVU , SUPERVALU
-3.27% , PH , PARKER HANNIFIN
-3.48% , VMC , VULCAN MATERIALS
-2.97% , DDS , DILLARD STK A
-2.70% , PKB , Building & Construction, PKB
-3.91% , JCP , JC PENNEY
-2.83% , R , RYDER SYSTEM
-0.93% , IWO , Growth SmallCap R 2000, IWO
-2.31% , IBM , IBM
-1.54% , ROST , Ross Stores Inc
-5.30% , SHLD , SEARS HOLDINGS
-2.29% , MON , MONSANTO
-1.43% , RFG , Growth MidCap S&P 400, RFG
-2.21% , BLL , BALL
-1.52% , NE , NOBLE
-2.81% , CVS , CVS
-1.72% , FLR , FLUOR
-2.16% , HES , AMERADA HESS
-2.06% , AMGN , AMGEN
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
0.58% , Bear, Short S&P 500, SH
0.53% , Switzerland Index, EWL
0.30% , Australia Index, EWA
0.29% , Bond, 20+ Years Treasury, TLT
0.24% , Bond, TIPS U.S. Treasury iS, TIP
0.19% , Bond Ex-US Treas, BWX
0.13% , Mexico Index, EWW
0.11% , Austria Index, EWO
0.09% , Growth EAFE MSCI, EFG
0.09% , Netherlands Index, EWN
0.09% , Japan Index, EWJ
0.06% , Bond, Long-Term Corp iBoxx iS, LQD
0.04% , Agriculture DB PS, DBA
0.03% , Bond, 10 Year Treasury, IEF
0.03% , Bond, Emerging Mkt JPM iS, EMB
0.00% , Bond Treasury Short-Term iS, SHV
0.00% , Belgium Index, EWK
-0.01% , Bond, 1-3 Year Treasury, SHY
-0.05% , Bond, High-Yield Junk, JNK
-0.07% , Pacific VIPERs, VPL
-0.09% , Turkey MSCI iS, TUR
-0.09% , Dividend ex-U.S. DJ iS, IDV
-0.10% , Bond, High Yield Corp iBoxx iS, HYG
-0.10% , Bond, Intermediate US Aggregate iS, AGG
-0.12% , Consumer Staples SPDR, XLP
-0.13% , SmallCap Blend EAFE MSCI iS, SCZ
-0.15% , Bond, Muni S&P ATM-Free iS, MUB
-0.15% , Foreign LargeCap EAFE MSCI iS, EFA
-0.17% , Europe 350 S&P Index, IEV
-0.18% , Sweden Index, EWD
-0.19% , Spain Index, EWP
-0.23% , Financial Preferred, PGF
-0.23% , France Index, EWQ
-0.24% , Pacific ex-Japan, EPP
-0.30% , European VIPERs, VGK
-0.31% , Realty Cohen & Steers, ICF
-0.32% , United Kingdom Index, EWU
-0.32% , Global ex U.S. LargeCap Blend, ACWX
-0.34% , REIT Wilshire, RWR
-0.35% , Real Estate US DJ iS, IYR
-0.35% , REIT VIPERs, VNQ
-0.35% , Dividend International, PID
-0.36% , Preferred Stock iS, PFF
-0.40% , Dividend SPDR, SDY
-0.40% , Value EAFE MSCI, EFV
-0.41% , Consumer Discretionary SPDR, XLY
-0.42% , LargeCap Growth S&P 500 iS, IVW
-0.42% , Dividend U.S. DJ iS, DVY
-0.45% , Italy Index, EWI
-0.47% , Health Care SPDR, XLV
-0.47% , Energy Global, IXC
-0.48% , Global 100, IOO
-0.51% , Utilities SPDR, XLU
-0.52% , Dividend High Yield Equity PS, PEY
-0.53% , Technology SPDR, XLK
-0.53% , LargeCap Growth Russell 1000 iS, IWF
-0.53% , LargeCap Blend S&P 500 iS, IVV
-0.55% , LargeCap Blend S&P 100, OEF
-0.55% , Dividend Appreciation Vipers, VIG
-0.56% , China LargeCap Growth G D H USX PS, PGJ
-0.57% , S&P 500 SPDRs LargeCap Blend, SPY
-0.58% , Energy VIPERs, VDE
-0.58% , Global LargeCap Blend MSCI iS, ACWI
-0.60% , QQQ Nasdaq 100 Trust, QQQ
-0.60% , Value VIPERs, VTV
-0.60% , Thailand MSCI iS, THD
-0.60% , LargeCap VIPERs, VV
-0.60% , DIAMONDS (DJIA), DIA
-0.61% , LargeCap Value S&P 500 iS, IVE
-0.61% , Growth VIPERs, VUG
-0.61% , Semiconductor iS IGW, SOXX
-0.61% , EMU Europe Index, EZU
-0.61% , Energy SPDR, XLE
-0.61% , Energy DJ, IYE
-0.62% , LargeCap Blend Russell 1000 iS, IWB
-0.62% , LargeCap Blend S&P=Weight R, RSP
-0.63% , LargeCap Blend Russell 3000 iS, IWV
-0.64% , Utilities VIPERs, VPU
-0.65% , Blend Total Market VIPERs, VTI
-0.66% , Frontier Markets Guggenheim , FRN
-0.66% , LargeCap Value Russell 1000 iS, IWD
-0.67% , Info Tech VIPERs, VGT
-0.67% , Singapore Index, EWS
-0.69% , Canada Index, EWC
-0.69% , China 25 iS, FXI
-0.73% , Oil Fund PowerShares, DBO
-0.73% , Growth MidCap Russell, IWP
-0.74% , Value LargeCap Dynamic PS, PWV
-0.75% , Networking, IGN
-0.75% , Financial DJ US, IYF
-0.75% , Industrial SPDR, XLI
-0.77% , SmallCap Growth S&P 600 iS, IJT
-0.77% , Water Resources, PHO
-0.79% , Technology DJ US, IYW
-0.79% , MidCap Russell, IWR
-0.80% , South Korea Index, EWY
-0.82% , Commodity Tracking, DBC
-0.85% , Telecom DJ US, IYZ
-0.85% , Financials VIPERs, VFH
-0.89% , SmallCap Blend S&P 600 iS, IJR
-0.89% , Financial SPDR, XLF
-0.90% , Financial Services DJ, IYG
-0.91% , Malaysia Index, EWM
-0.92% , Materials SPDR, XLB
-0.93% , Value MidCap Russell, IWS
-0.93% , SmallCap Growth Russell 2000 iS, IWO
-0.94% , Microcap Russell, IWC
-0.94% , Silver Trust iS, SLV
-0.95% , SmallCap Value Russell 2000 iS, IWN
-0.95% , SmallCap Value S&P 600 iS, IJS
-0.95% , Energy & Nat Res iS GS, IGE
-0.96% , Emerging 50 BLDRS, ADRE
-0.98% , Oil, Crude, U.S. Oil Fund, USO
-0.99% , MidCap Value S&P 400 iS, IJJ
-1.00% , Value SmallCap VIPERS, VBR
-1.00% , SmallCap Blend Russell 2000 iS, IWM
-1.01% , Germany Index, EWG
-1.03% , MidCap Blend S&P 400 iS, IJH
-1.03% , Basic Materials DJ US, IYM
-1.07% , MidCap S&P 400 SPDRs, MDY
-1.07% , Small Cap VIPERs, VB
-1.09% , Capital Markets KWB ST, KCE
-1.09% , MidCap Growth S&P 400 iS, IJK
-1.10% , Latin Am 40, ILF
-1.10% , Growth SmallCap VIPERs, VBK
-1.13% , Semiconductor SPDR, XSD
-1.18% , WilderHill Clean Energy PS, PBW
-1.18% , Brazil Index, EWZ
-1.23% , Hong Kong Index, EWH
-1.24% , Emerging VIPERs, VWO
-1.26% , South Africa Index, EZA
-1.27% , Emerging Markets MSCI iS, EEM
-1.27% , Indonesia MV, IDX
-1.28% , Transportation Av DJ, IYT
-1.38% , Gold Shares S.T., GLD
-1.90% , Taiwan Index, EWT
-1.96% , Chile MSCI iS, ECH
-2.00% , India PS, PIN
-2.24% , Russia MV, RSX
-2.29% , Homebuilders SPDR, XHB
-2.40% , Metals & Mining SPDR, XME
-2.41% , India Earnings WTree, EPI
-2.41% , Biotech SPDR, XBI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1709.67, high of 8/2/2013
The S&P 500 Composite Potential Support
1676.03, low of 7/26/2013
1671.84, low of 7/16/2013
1660.03, Fib 78.6% of May-June 2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1650.02, 50-day SMA
1638.72, Fib 61.8% of May-June 2013
1606.04, Fib 23.6% of Nov-May 2013
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
1539.76, 200-day SMA
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
