Industrial stock sector ETF Relative Strength Ratio (XLI/SPY) whipsawed back below its 50-day SMA, thereby turning systematically neutral again.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) fell below its lows of the previous 19 months.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 6 months, again confirming a medium-term downtrend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 4 months, again confirming a medium-term downtrend.
U.S. major stock price indexes finished mostly modestly lower on Tuesday. The S&P 500 (SPX: 1,552.48) finished down 0.24%, the Nasdaq Composite Index fell 0.32%, the Dow Jones Industrial Average gained 0.02%, and the Dow Jones Transportation Average declined by 0.30%. Breadth was moderately negative, with 1651Advances and 2323 Declines.
Volume on the NYSE rose 8% to a level 1% above its 200-day SMA. Previously, I have noted here that on many days volume has been lower on price rallies and higher on price declines, which is not a good sign, technically.
Although most major stock price indexes remain in obvious uptrends, many daily price momentum oscillators have been diverging bearishly, under the surface, while price indexes rose to new highs. Momentum oscillators have remained below their 2011-2012 highs and below their highs of late January. For example, RSI(14) based on the S&P 500 Index, now at 66.53, peaked at 74.46 on 1/29/13. MACD(12,26,9), now at 14.57, peaked at 17.88 on 1/29/13. Bearishly diverging momentum is a problem because momentum is a leading indicator of price.
The Art of Contrary Thinking has been calling for questioning overwhelming bullish sentiment. Objective investor sentiment data clearly has demonstrated extremely high degrees of optimism and bullish complacency, matching or exceeding extremes at past market price tops. The pendulum of emotion tends to swing too far in one direction, but the market mood always reverts to the mean–eventually. Sentiment extremes are a leading indicator of price.
Our clients’ separately managed accounts made gains in 6 of the past 7 consecutive quarters; see:
Robert W. Colby Asset Management, Inc. (click here).
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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) whipsawed back above its 50-day SMA on 3/4/13, thereby turning systematically bullish again. Longer term, although the XLF/SPY has moderately outperformed for nearly 4 years, since 3/6/09, it has substantially underperformed since 3/23/04, and the secular trend may be bearish still. Absolute price turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 2/21/12. Support: 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: 18.51, 20.70, 24.50, and 28.17.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) whipsawed back above its 50-day SMA on 2/27/13, thereby turning systematically bullish again. 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 turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/16/11. Support: 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) turned systematically bullish again on 1/24/13, when it whipsawed back above its 50-day SMA. XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically bullish on 1/2/13, when it rose above its 50-day SMA. Support: 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) whipsawed back below its 50-day SMA on 3/12/13, thereby turning systematically neutral again. Absolute price remains systematically bullish, with the 50-day SMA above the 200-day SMA since 8/24/12. Support: 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: 41.99.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) has been systematically neutral most of the time over the past year, with XLP performing about in line with the SPY, while absolute price has been mostly bullish. Support: 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: none.
Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) fell below its 50-day SMA on 3/4/13, thereby turning systematically neutral again. Absolute price turned systematically bullish on 12/31/12, when it rose above its 50-day SMA. Support: 75.46, 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: 79.51, 79.97, 80.97, 83.27, and 91.42.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below 5-month’s lows on 2/25/13, after falling below its 50-day SMA on 2/5/13 and thereby turning systematically neutral. XLB absolute price peaked at 39.87 on 1/25/13 and remains below it. Support: 37.35, 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: 40.04, 40.20, 40.72, 41.28, 43.04, 45.21, and 46.54.
Utilities (XLU) Neutral, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below its lows of the previous 20 months on 1/17/13. Although currently slightly into the neutral zone above the 50-day SMA, XLU/SPY has stayed systematically bearish most of the time since 9/19/12, when the 50-day SMA crossed below the 200-day SMA. Absolute price is systematically bullish. Support: 37.12, 36.78, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.54, 41.98, and 44.66.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below its lows of the previous 20 months on 3/11/13, again confirming its established systematically bearish major trend. XLK absolute price rose above its highs of the previous 3 months on 3/5/12 and is systematically bullish. Support: 29.21, 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: 30.51, 31.22, 31.74, 32.00, 34.85, 36.40, and 39.07.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Stock Market Indicators
The Dow Theory confirmed a Primary Tide Bull Market on 2/19/13, when both Dow-Jones Industrial and Transportation Averages closed above their closing price highs of the previous 5 years.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY)fell below its lows of the previous 19 months on 3/12/13. QQQ/SPY turned systematically bearish on 11/7/12, when the 50-day SMA fell below the 200-day SMA.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 5 months on 3/5/13, again confirming a medium-term downtrend. 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 remains systematically neutral. Price peaked at 42.29 on 2/1/13 and is systematically neutral.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 6 months on 3/12/13, again confirming a medium-term downtrend. EEM/SPY remains systematically neutral. Price peaked at 45.34 on 1/2/13 and is systematically neutral.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 4 months on 3/12/13, again confirming a medium-term downtrend. EFA/SPY remains systematically neutral. Price peaked at 59.59 on 2/1/13.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) fell below the lows of the previous 16 months on 3/12/13, again confirming a 6-month downtrend. OEF/SPY turned systematically bearish on 12/17/12, when the 50-day SMA fell below the 200-day SMA. 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. On the other hand, Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. Price rose to a new high on 3/8/13, confirming its preexisting uptrend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) whipsawed back above its 50-day SMA on 3/7/13, thereby turning systematically bullish again. Price rose to a new high on 3/11/13, confirming its preexisting uptrend.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
VIX Fear Index fell to 11.50 on 3/11/13, its lowest level since 2007, the year of the major top before the bear market of 2008. VIX indicates no fear and may be telling us to be careful. 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.
The S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1565.15, highest close on 10/9/2007
The S&P 500 Composite Potential Support
1552.76, high of 10/31/2007
1499.59, 50-day SMA
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1463.76, low of 1/15/2013
1451.64, low on 1/8/13
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
1425.48, Fibonacci 23.6% of June-Sept ’12 range
1424.41, Fibonacci 61.8% of Sept-Nov ’12 range
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
1420.21, 200-day SMA
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
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
1395.14, Fibonacci 38.2% of June-Sept 2012 range
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
1370.62, Fibonacci 50.0% of June-Sept 2012 range
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1355.70, low of 7/2/2012
1346.11, Fibonacci 61.8% of June-Sept 2012 range
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
1311.20, Fibonacci 78.6% of June-Sept 2012 range
1306.62, low of 6/12/2012
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
1257.58, Fibonacci 61.8% of 2011 range
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
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 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
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT)price whipsawed back down below its 50-day SMA on 3/5/13, thereby turning systematically bearish again. In the face of obvious price weakness, technical momentum oscillators, such as RSI and MACD, are sill indicating diminished downside momentum and bullish divergences. Support 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 119.67, 120.70, 123.71, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF)price whipsawed back down below its 50-day SMA on 3/7/13, thereby turning systematically bearish again. IEF formed a technical base after hitting an “oversold” low at 105.56 on 2/1/13 and successfully testing that low 3 times. Various technical oscillators, such as RSI and MACD, show losses of downside momentum and bullish divergences. Support 105.56, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 107.38, 108.07, 108.15, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) whipsawed back up above its 50-day SMA on 3/5/13, thereby turning systematically bullish again. JNK/LQD has been neutral for most of the past 3 years, and it seems doubtful that this long-term trend is changing in any sustainable way.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) whipsawed back up above its 50-day SMA on 3/8/13, thereby turning systematically bullish again. Longer term, TIP/IEF has been neutral for most of the past 3 years. Absolute price of TIP peaked at 123.44 on 12/6/12 and is systematically bearish.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tangible Assets, Commodities
U.S. dollar ETF (UUP) price rose above its highs 6-months on 3/8/13, after closing above its 200-day SMA on 2/21/13. UUP turned systematically neutral on 2/7/13, when it rose above its 50-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.38, 22.15, 21.53, 21.07, and 20.84. Resistance 22.78, 22.96, 23.14, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA)price fell below its lows of the previous 7 months on 3/6/13, again confirming its major bearish trend. Price turned systematically bearish on 1/11/13 when the 50-day SMA crossed down below the 200-day SMA.
Crude Oil, United States Oil ETF (USO) price fell to its lowest level in 10 weeks on 3/4/13, again confirming a downtrend for the medium term. Longer term, USO has been mostly bearish since peaking at 119.17 on 7/11/08. Support 32.16, 31.00, 29.02, 26.28, and 22.74. Resistance 33.75, 35.53, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 8 months on 2/20/13. Price turned systematically bearish on 2/22/13, when the 50-day SMA fell below the 200-day SMA. Longer term, GLD has been mostly bearish since peaking at 185.85 on 9/6/11. Support: 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 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) turned systematically bearish again on 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 fell below its lows of the previous 6 months on 2/20/13. Price turned systematically bearish on 3/1/13, when the 50-day SMA fell below the 200-day SMA. Longer term, SLV has been mostly bearish since peaking at 48.35 on 4/28/11. Support 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 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 6 months on 2/28/13. SLV/GLD remains neutral below both its falling 50-day SMA and its falling 200-day SMA.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC)fell below its lows of the previous 3 months on 3/6/13, again confirming a medium-term downtrend. JJC remains systematically neutral, below the 50-day SMA and 200-day SMA. JJC has been consolidating losses between 38.99 and 51.41 since 10/5/11. Longer term, JJC has been mostly bearish since peaking 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 of Copper implies a weak economic outlook.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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
3.99% , JCP , JC PENNEY
3.87% , ISIL , INTERSIL CORP
2.87% , BRCM , BROADCOM STK A
0.44% , PBW , WilderHill Clean Energy PS, PBW
1.26% , HOLX , Hologic, Inc., HOLX
2.14% , SIL , Silver Miners Global X, SIL
2.17% , SNDK , SanDisk Corporation
3.02% , PBI , PITNEY BOWES
3.16% , MRK , MERCK & CO
1.31% , YUM , YUM BRANDS
1.28% , COST , COSTCO WHOLESAL
1.87% , BMY , BRISTOL MYERS
1.10% , BIIB , BIOGEN IDEC
1.01% , ERIC.O , LM Ericsson Telephone Company
1.07% , AMZN , Amazoncom Inc
1.62% , CI , CIGNA
0.80% , ACE , ACE
0.91% , JCI , JOHNSON CONTROLS
1.02% , S , SPRINT NEXTEL
0.63% , BLK , BlackRock Inc.
0.72% , NYT , NY TIMES STK A
1.47% , BA , BOEING
0.72% , TLT , Bond, 20+ Years Treasury, TLT
2.40% , SWY , SAFEWAY
0.42% , SOXX , Semiconductor iS IGW, SOXX
0.36% , IR , INGER RAND
0.38% , EBAY , EBAY
0.31% , EQR , EQUITY RESIDENT BEN INT
0.75% , URBN , Urban Outfitters Inc.
0.52% , GILD , Gilead Sciences Inc
0.01% , SHV , Bond Treasury Short-Term iS, SHV
0.61% , CHRW.O , CH Robinson Worldwide Inc, CHRWD
0.98% , BHI , BAKER HUGHES
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.78% , RHT , Red Hat Inc.
-1.46% , NEE , NextEra Energy Resources LLC
-2.54% , BC , BRUNSWICK
-1.51% , RHI , ROBERT HALF
-1.97% , ITW , ILLINOIS TOOL
-0.55% , ACWX , Global ex US ACWI iS, ACWX
-1.91% , NKE , NIKE STK B
-2.07% , GWW , WW GRAINGER
-0.99% , BAX , BAXTER INTL
-1.91% , EZA , South Africa Index, EZA
-0.73% , NWSA , News Corporation, NWSA
-1.88% , BIDU , Baidu, Inc., BIDU
-0.51% , IXG , Financials Global LargeCap Value, IXG
-2.17% , RF , REGIONS FINAN
-0.34% , EPU , Peru MSCI iS, EPU
-1.28% , NIHD , NII Holdings, Inc.
-1.58% , CAT , CATERPILLAR
-0.22% , IWN , Value SmallCap Russell 2000, IWN
-1.69% , ROK , ROCKWELL AUTOMAT
-0.57% , XLI , Industrial SPDR, XLI
-1.25% , EWY , South Korea Index, EWY
-0.51% , NCR , NCR
-1.05% , CVS , CVS
-0.28% , EPP , Pacific ex-Japan, EPP
-1.25% , ORCL , ORACLE
-0.94% , TIF , TIFFANY
-0.25% , VV , LargeCap VIPERs, VV
-1.50% , PETM , PETsMART Inc
-1.20% , STLD , Steel Dynamics, STLD
-1.01% , NE , NOBLE
-0.73% , IXN , Technology Global, IXN
-0.31% , RWR , REIT Wilshire, RWR
-0.19% , IYK , Consumer Non-Cyclical, IYK
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
0.78% Gold Shares S.T., GLD
0.72% Bond, 20+ Years Treasury, TLT
0.67% Oil, Crude, U.S. Oil Fund, USO
0.64% Silver Trust iS, SLV
0.59% Mexico Index, EWW
0.45% Telecom DJ US, IYZ
0.45% Health Care SPDR, XLV
0.45% Semiconductor SPDR, XSD
0.44% Singapore Index, EWS
0.44% WilderHill Clean Energy PS, PBW
0.43% Oil Fund PowerShares, DBO
0.42% Semiconductor iS IGW, SOXX
0.42% Energy & Nat Res iS GS, IGE
0.37% Biotech SPDR, XBI
0.34% Switzerland Index, EWL
0.27% Bond, 10 Year Treasury, IEF
0.26% Bond Ex-US Treas, BWX
0.25% Value LargeCap Dynamic PS, PWV
0.24% Basic Materials DJ US, IYM
0.23% Bear, Short S&P 500, SH
0.22% Commodity Tracking, DBC
0.21% Bond, Emerging Mkt JPM iS, EMB
0.20% Bond, Long-Term Corp iBoxx iS, LQD
0.18% Bond, TIPS U.S. Treasury iS, TIP
0.18% Bond, Intermediate US Aggregate iS, AGG
0.18% Canada Index, EWC
0.14% Dividend U.S. DJ iS, DVY
0.14% Netherlands Index, EWN
0.13% Energy DJ, IYE
0.13% Energy VIPERs, VDE
0.11% Energy SPDR, XLE
0.10% Frontier Markets Guggenheim , FRN
0.10% Metals & Mining SPDR, XME
0.08% Bond, Muni S&P ATM-Free iS, MUB
0.08% Agriculture DB PS, DBA
0.08% Materials SPDR, XLB
0.05% Energy Global, IXC
0.03% DIAMONDS (DJIA), DIA
0.02% Bond, 1-3 Year Treasury, SHY
0.01% Bond Treasury Short-Term iS, SHV
0.00% MidCap Value S&P 400 iS, IJJ
-0.01% Bond, High-Yield Junk, JNK
-0.02% LargeCap Blend S&P=Weight R, RSP
-0.02% Preferred Stock iS, PFF
-0.03% MidCap S&P 400 SPDRs, MDY
-0.04% Value MidCap Russell, IWS
-0.04% Bond, High Yield Corp iBoxx iS, HYG
-0.05% Financial Preferred, PGF
-0.07% Australia Index, EWA
-0.08% Value VIPERs, VTV
-0.08% Dividend SPDR, SDY
-0.10% MidCap Growth S&P 400 iS, IJK
-0.10% Dividend High Yield Equity PS, PEY
-0.10% MidCap Blend S&P 400 iS, IJH
-0.10% Consumer Staples SPDR, XLP
-0.12% Dividend International, PID
-0.14% MidCap Russell, IWR
-0.16% LargeCap Value Russell 1000 iS, IWD
-0.17% Blend Total Market VIPERs, VTI
-0.18% LargeCap Value S&P 500 iS, IVE
-0.18% Dividend Appreciation Vipers, VIG
-0.19% LargeCap Blend Russell 3000 iS, IWV
-0.20% SmallCap Growth Russell 2000 iS, IWO
-0.20% Small Cap VIPERs, VB
-0.20% SmallCap Blend Russell 2000 iS, IWM
-0.22% SmallCap Value Russell 2000 iS, IWN
-0.22% S&P 500 SPDRs LargeCap Blend, SPY
-0.23% Growth MidCap Russell, IWP
-0.24% LargeCap Blend S&P 500 iS, IVV
-0.24% LargeCap Blend S&P 100, OEF
-0.24% LargeCap Blend Russell 1000 iS, IWB
-0.25% France Index, EWQ
-0.25% LargeCap VIPERs, VV
-0.26% Utilities SPDR, XLU
-0.27% Europe 350 S&P Index, IEV
-0.27% Growth SmallCap VIPERs, VBK
-0.28% Germany Index, EWG
-0.28% Pacific ex-Japan, EPP
-0.28% Value SmallCap VIPERS, VBR
-0.28% Realty Cohen & Steers, ICF
-0.28% Consumer Discretionary SPDR, XLY
-0.29% Dividend ex-U.S. DJ iS, IDV
-0.30% European VIPERs, VGK
-0.30% Growth VIPERs, VUG
-0.30% Transportation Av DJ, IYT
-0.31% LargeCap Growth S&P 500 iS, IVW
-0.31% Global 100, IOO
-0.31% LargeCap Growth Russell 1000 iS, IWF
-0.31% REIT Wilshire, RWR
-0.31% Thailand MSCI iS, THD
-0.32% SmallCap Growth S&P 600 iS, IJT
-0.33% SmallCap Value S&P 600 iS, IJS
-0.33% Growth EAFE MSCI, EFG
-0.34% Malaysia Index, EWM
-0.36% Real Estate US DJ iS, IYR
-0.36% Technology SPDR, XLK
-0.36% QQQ Nasdaq 100 Trust, QQQ
-0.36% Utilities VIPERs, VPU
-0.37% REIT VIPERs, VNQ
-0.38% Brazil Index, EWZ
-0.40% Latin Am 40, ILF
-0.42% SmallCap Blend S&P 600 iS, IJR
-0.44% EMU Europe Index, EZU
-0.45% Networking, IGN
-0.45% Info Tech VIPERs, VGT
-0.46% Microcap Russell, IWC
-0.47% Global LargeCap Blend MSCI iS, ACWI
-0.49% Value EAFE MSCI, EFV
-0.50% United Kingdom Index, EWU
-0.50% Financials VIPERs, VFH
-0.50% Foreign LargeCap EAFE MSCI iS, EFA
-0.54% Sweden Index, EWD
-0.54% Financial SPDR, XLF
-0.55% Capital Markets KWB ST, KCE
-0.55% Belgium Index, EWK
-0.55% Global ex U.S. LargeCap Blend, ACWX
-0.56% Turkey MSCI iS, TUR
-0.57% Technology DJ US, IYW
-0.57% Industrial SPDR, XLI
-0.58% SmallCap Blend EAFE MSCI iS, SCZ
-0.58% Emerging 50 BLDRS, ADRE
-0.59% Financial DJ US, IYF
-0.59% Chile MSCI iS, ECH
-0.69% India PS, PIN
-0.70% Financial Services DJ, IYG
-0.71% Italy Index, EWI
-0.77% Spain Index, EWP
-0.78% Water Resources, PHO
-0.80% Pacific VIPERs, VPL
-0.89% India Earnings WTree, EPI
-0.91% Hong Kong Index, EWH
-0.92% Austria Index, EWO
-0.98% Homebuilders SPDR, XHB
-0.99% China LargeCap Growth G D H USX PS, PGJ
-1.02% Emerging VIPERs, VWO
-1.02% Taiwan Index, EWT
-1.09% Japan Index, EWJ
-1.14% Emerging Markets MSCI iS, EEM
-1.20% Russia MV, RSX
-1.21% Indonesia MV, IDX
-1.25% South Korea Index, EWY
-1.68% China 25 iS, FXI
-1.91% South Africa Index, EZA
