CRB Commodity Price Index fell below its lows of the previous 8 weeks.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) fell below the lows of the previous 5 months, which is a bearish trend confirmation.

Energy, Materials, and Industrial stock sector ETFs Relative Strength Ratios fell below their lows of the previous several months and fell further below 50-day and 200-day SMAs, thereby reconfirming significant downtrends.

Foreign, Emerging Markets, and BRIC Stocks ETFs Relative Strength Ratios fell below their lows of the previous 2 months and fell further below 50-day and 200-day SMAs, thereby reconfirming significant downtrends.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) remains neutral but shows signs of weakening.

The S&P 500 Composite (SPX: 1,405.54) fell below the low of the previous day to close 0.49% lower on 3/28/12. NYSE volume increased by 11% to confirm an increase in selling pressure.

RSI(14) based on SPX fell to 62.12 from 69.42 on Monday, which was below the previous high of 75.38 set on 2/9/12. RSI has not been confirming higher highs in the SPX.

MACD based on SPX fell below its signal line on 3/28/12 and remains below its high set on 2/9/12, which appears to have been the momentum peak for the rally.

Neither the Dow-Jones Industrials nor the Dow-Jones Transports confirmed the higher high price close for the SPX on Monday 3/26/12. The Dow Theory may have given an early warning by diverging after 2/3/12, as the Transports turned corrective and failed to confirm higher highs by the Industrials.

It has been an exceptional year so far, with no downside pullbacks of as much as 3% in more than 3 months, since 12/19/12, based on SPX close prices. It is extremely unlikely that stocks can continue to go up like this much longer, however, without a significant downside correction. Odds are stocks will experience the usual ups and downs this year. After large price run ups, stocks become more vulnerable to sudden reversals. Therefore, Potential Reward relative to potential Risk appears unattractive for stocks.
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Equity Mutual Funds lost 6% in 2011, according to Lipper Research Services.
Hedge funds lost 5%, according to COO Connect.
Hedge funds suffered their second-worst year on record in 2011, according to an index maintained by Eurekahedge, an independent research firm that specializes in hedge fund data. Some of the world’s largest and best-known hedge funds suffered huge losses, down 20% to 50%.

But not all money managers were down in 2011; see:
Robert W. Colby Asset Management, Inc. (click here).
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Available by subscription only (click here).
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Stock Market Indicators

The Dow Theory may have given an early warning by diverging after 2/3/12, as the Transports turned corrective and failed to confirm higher highs by the Industrials. Neither the Dow-Jones Industrials nor the Dow-Jones Transports confirmed the higher high in the SPX on 3/26/12. . The Dow Theory may have given an early warning by diverging after 2/3/12, as the Transports turned corrective and failed to confirm higher highs by the Industrials.

NASDAQ Composite/S&P 500 Relative Strength Ratio rose above its highs of the previous 11-years on 3/27/12, confirming its rising trend since the low on 12/29/12. The Ratio remains above its 50-day and 200-day SMAs, and the 50-day SMA has remained bullishly above the 200-day SMA every day since 2/24/12. Absolute price of the NASDAQ Composite rose above its 11-year high of 3000.11 set on 2/29/12 and has continued to advance.

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below its lows of the previous 2 months on 3/28/12. BKF/SPY remains below its 50-day and 200-day SMAs. Longer term, the bias is bearish because the 50-day SMA has remained below the 200-day SMA every day since 1/13/11.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below its lows of the previous 2 months on 3/28/12. EEM/SPY remains below its 50-day and 200-day SMAs. Longer term, the bias is bearish because the 50-day SMA has remained below the 200-day SMA every day since 2/3/11.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its lows of the previous 2 months on 3/28/12. EFA/SPY fell below its 50-day SMA on 3/20/12, reconfirming a bearish major trend. EFA/SPY remains below its 200-day SMA, and the 50-day SMA has remained below the 200-day SMA consistently every day since 1/14/11.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) rose above its highs of the previous 22 months on 3/28/12, reconfirming its preexisting bullish trend. OEX/SPX remains above its 50-day and 200-day SMAs, and the 50-day SMA has remained bullishly above the 200-day SMA every day since 8/25/11. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size. On the other side of the coin, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors prefer riskier and more volatile stocks.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below the lows of the previous 9 weeks on 3/6/12, thereby confirming a relatively weak trend for the medium term. IWM/SPY is technically neutral, below its 50-day SMA, below its 200-day SMA, and with the 50-day SMA now slightly above the 200-day SMA.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 2 months on 3/22/12. MDY/SPY remains below its 50-day and 200-day SMAs.
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Sentiment for Contrary Thinking

Recent sentiment data, detailed below, indicates alarming degrees of optimism and bullish complacency. When the majority of investors has been bullish for some time, we can assume that they are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout. The pendulum of emotion tends to swing too far in one direction, but market mood always reverts to the mean.

ABC News reported on 2/21/12 that 10 out of 10 investment strategists at large firms were bullish. http://abcnews.go.com/watch/world-news-with-diane-sawyer/SH5585921/VD55173505/world-news-221-dow-jones-climbs-past-13000

The Commitment of Traders (COT) report showed that the Commercials (giant corporations with deep pockets) have been buying “risk off” defensive futures contracts, specifically, the U.S. dollar and the ten-year Treasury note. On the other side, trend-following Speculators have been buying “risk on” aggressively bullish contracts, setting a new all-time net-long record in the Nasdaq futures. The unusually large size of Speculators’ positions implies a weak-handed, top-heavy stock market.

AAII Sentiment: There were 51.64% Bulls and 20.19% Bears, according to the AAII weekly survey reported on 2/9/12. This was the highest level of bullish sentiment in more than a year, since 52.34% Bulls on 1/13/11.

Investors Intelligence Sentiment: There were 54.8% Bulls versus 25.8% Bears, according to the Investors Intelligence weekly survey of stock market newsletter advisors reported on 2/15/11. This was the highest level of bullish sentiment since the stock market top in May, 2011.

Investment Newsletters recently were 75% bullish, the highest since near the major top in year 2000, according to Hulbert Digest.

Market Vane’s Bullish Consensus among Advisors and Newsletters rose to 65% Bulls–the same extreme level of optimism recorded at the February 2011 top in the stock market.

Short Selling ETFs were trading the lowest volume since the market top in April, 2011, according to Frank D. Gretz of Wellington Shields & Co.

Corporate insiders have been selling their companies’ stock at the heaviest rate since the market peak in April 2011, according to Mark Hulbert at MarketWatch. Insiders sold 656 shares for each 100 shares they bought, according to Argus Research Vickers Weekly Insider Report. That was a big change in insider behavior from 81 shares sold for each 100 shares bought in November. Since corporate insiders (officers, directors, and largest shareholders) know so much more about their companies than the public can possibly know, it is bearish when insiders sell at such a heavy pace.

NYSE short interest collapsed from a high peak of 16.1 billion shares sold short last September, which coincided with the stock market lows, to 12.5 billion shares sold short in February, which was the lowest level since last April, at the market top. Short interest represents a pool of potential demand for stocks, since short sellers eventually must buy back the shares they borrowed. That pool of demand has been depleted.

VIX Fear Index broke down below the lows of the previous 4 years on 3/16/12, hitting 13.66 intraday, its lowest level since 6/20/07. VIX is down from a peak of 48.00 on 8/8/11: such a large drop indicated a shift away from fear and toward bullish complacency. 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
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
1419.15, high of 3/27/2012

The S&P 500 Composite Potential Support
1386.87, low of 3/23/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1378.04, high of 2/29/2012
1376.55, Fibonacci 100.0% projection 10/11 range
1370.58, high of 5/2/11
1340.03, low of 3/6/2012
1337.35, low of 2/10/2012
1300.49, low of 1/30/2012
1277.58, low of 1/13/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1265.78, 200-day SMA
1257.46, low of 12/30/11
1257.58, Fibonacci 61.8% of 2011 range
1255.22, high of 12/22/2011
1248.64, low of 12/29/2011
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 11/3/11
1231.04, high of 12/16/11
1226.64, low of 11/9/2011
1222.68, Fibonacci 50% of 2011 range
1224.57, high of 12/19/11
1215.20, low of 12/16/11
1209.47, low of 12/14/2011
1209.43, low of 11/17/2011
1204.49, Fibonacci 23.6% of 2009-11 range
1202.37, low of 12/19/11
1187.77, Fibonacci 38.2% of 2011 range
1158.66, low of 11/25/2011
1144.38, Fibonacci 23.6% of 2011 range
1101.73, Fibonacci 38.2% of 2009-11 range
1074.77, low of 10/4/2011
1039.70, low of 8/27/10
1039.31, Fibonacci 23.6% of June-Aug. 2010 range
1010.91, low of 7/1/2010
1018.69, Fibonacci 50% of 2009-11 range
1008.55, Fibonacci 38.2% of 2009-2010 range
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
943.29, Gann 50.0% of 2009-2010 range
935.64, Fibonacci 61.8% of 2009-11 range
878.04, Fibonacci 61.8% of 2009-2010 range
874.17, Gann 62.5% of 2009-2010 range
869.32, low of 7/8/2009
817.40, Fibonacci 78.6% of 2009-11 range
805.17, Gann 75.0% of 2009-2010 range
785.13, Fibonacci 78.6% of 2009-2010 range
666.79, intraday low of 3/6/2009
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Fixed-Income Investments

Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) fell below the lows of the previous 5 months on 3/19/12, which normally would seem to be bearish. Still, TLT is technically neutral according to the 50-day and 200-day simple moving averages: TLT remains below its 50-day SMA but above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA every day since 6/24/11. Support 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance 113.89, 119.14, 120.91, 121.64, 121.76, 124.02 and 125.03.

Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) fell below the lows of the previous 5 months on 3/20/12, which normally would seem to be bearish. Still, IEF is technically neutral according to the 50-day and 200-day simple moving averages: IEF remains below its 50-day SMA but above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA every day since 6/21/11. Support 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance 103.87, 105.80, 106.49 and 106.66.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) remains neutral but shows signs of weakening since 3/19/12. JNK/LQD fell below its 200-day SMA on 3/28/12. JNK/LQD remains above its 50-day SMA. The 50-day SMA has remained bearishly below the 200-day SMA every day since 6/20/11. That 50-200 SMA spread has been narrowing, however.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) turned bullish on 3/14/12 when the 50-day SMA rose above the 200-day SMA. TIP/IEF remains above both its 50-day and 200-day SMAs. The market recognizes that the Fed, ECB, and other global monetary authorities are willing to print as much money out of thin air as necessary in order to keep the broken financial system afloat a little while longer.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) fell further below its lows of the previous 3 weeks and fell further below its 50-day SMA on 3/26/12, which were bearish signals for the short-term. UUP remains above its 200-day SMA. Longer term, the 50-day SMA has remained consistently above the 200-day SMA every day since 10/26/11. Support 21.74, 21.58, 21.07, and 20.84. Resistance 22.20, 22.47, 22.85, 23.52, 25.84, 27.19, 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) fell below the lows of the previous 5 months on 3/28/12, which is a bearish trend confirmation. DBA remains technically bearish below both its 50-day SMA and 200-day SMAs, and with the 50-day SMA consistently below the 200-day SMA every day since 8/8/11.

Crude Oil, United States Oil ETF (USO) price appears to be in a trading range for the short term between 39.70 and 41.38. Longer term, USO remains technically bullish according to 50-day and 200-day SMAs, positioned above both SMAs, and with the 50-day SMA above the 200-day SMA consistently every day since 1/3/12. Support 39.70, 38.51, 36.67, 35.73, 34.54, 32.52, 29.10, 26.28, and 22.74. Resistance 41.38, 42.30, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) appears neutral. GLD has been correcting and consolidating since peaking at 185.85 on 9/6/11. Longer term, the 50-day SMA has remained bullishly above the 200-day SMA every day since 2/11/09. Support: 158.13, 156.19, 154.55, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 166.57, 174.00, 175.46, 177.40, and 185.85.

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below the lows of the previous 3 years on 3/28/12, thereby reconfirming a bearish major trend for the long term. The 50-day SMA has remained bearishly below the 200-day SMA every day since 2/22/11.

Silver, iShares Silver Trust ETF (SLV) fell below its lows of the previous 9-weeks and fell further below both its 50-day and 200-day SMAs on 3/22/12. The 50-day SMA has remained bearishly below the 200-day SMA every day since 10/27/11. Support 30.21, 28.63, 27.83, 25.65, and 24.44. Resistance: 32.18, 33.44, 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 7 weeks on 3/22/12. SLV/GLD crossed below its 50-day SMA on 3/22/12, remains below its 200-day SMA, and the 50-day SMA has remained bearishly below the 200-day SMA every day since 8/30/11.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) appears to be consolidating within its February trading range from 47.57 to 51.41. JJC remains far below its 2011 high at 61.69 and recently has been lagging the stock market since JJC peaked at 51.41 on 2/9/12. Given that “Dr. Copper” is one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, this underperformance may be suggesting rising doubts about prospects going forward.
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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
4.26% , TYC , TYCO INTL
3.20% , MHS , MEDCO HEALTH
7.72% , MBI , MBIA
1.28% , ESRX , EXPRESS SCRIPTS
2.29% , NVDA , NVIDIA
2.57% , BBT , BB&T
4.64% , PHM , PULTE HOMES
1.10% , KO , COCA COLA
1.43% , SNV , SYNOVUS
0.47% , IYG , Financial Services DJ, IYG
2.37% , WLP , WELLPOINT HEALTH
1.23% , PDCO , Patterson Dental Company
1.72% , WFM.O , Whole Foods Market Inc
1.00% , SDS , Short 200% S&P 500 PS, SDS
0.84% , XBI , Biotech SPDR, XBI
0.56% , PGR , PROGRESSIVE OHIO
1.58% , LUV , SOUTHWEST AIRLS
1.44% , AXP , AMERICAN EXPRESS
2.52% , PNC , PNC FINL SVC
1.17% , DXD , Short 200% Dow 30 PS, DXD
0.77% , QID , Short 200% QQQ PS, QID
1.51% , MTB , M&T BANK
1.63% , STI , SUNTRUST BANKS
0.94% , MZZ , Short 200% MidCap 400 PS, MZZ
0.21% , FDO , FAMILY DLR STRS
1.35% , GOOG , Google
0.71% , FITB , FIFTH THIRD BANC
0.58% , ROST , Ross Stores Inc
0.27% , IYF , Financial DJ US, IYF
0.53% , DOG , Short 100% Dow 30, DOG
0.65% , SNPS , Synopsys Inc
0.73% , ALL , ALLSTATE
0.48% , FHN , First Horizon National

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.23% , FMCN , Focus Media, FMCN
-2.80% , KWT , Solar Energy MV, KWT
-3.70% , CMI , CUMMINS
-2.32% , EWP , Spain Index, EWP
-1.45% , PKB , Building & Construction, PKB
-3.30% , MDP , MEREDITH
-1.28% , XSD , Semiconductor SPDR, XSD
-4.65% , SVU , SUPERVALU
-1.77% , PIN , India PS, PIN
-3.52% , CAT , CATERPILLAR
-3.59% , FCX , FREEPRT MCMORAN STK B
-0.96% , DBC , Commodity Tracking, DBC
-3.55% , SIL , Silver Miners Global X, SIL
-4.07% , THC , TENET HEALTHCARE
-3.22% , ODP , OFFICE DEPOT
-2.95% , SCHW.K , CHARLES SCHWAB, SCHW.O
-3.62% , OXY , OCCIDENTAL
-0.78% , PEJ , Leisure & Entertainment, PEJ
-2.77% , HGSI , Human Genome Sciences Inc
-2.92% , RSX , Russia MV, RSX
-1.84% , XME , Metals & Mining SPDR, XME
-0.70% , FDV , Value 40 Large Low P/E FT DB, FDV
-1.89% , CNP , CENTERPNT ENERGY
-1.39% , XLB , Materials SPDR, XLB
-2.35% , UNP , UNION PACIFIC
-2.29% , AA , ALCOA
-6.14% , SHLD , SEARS HOLDINGS
-0.98% , JKH , MidCap Growth iS M, JKH
-2.81% , AMAT , APPLIED MATERIAL
-0.89% , KLD , LargeCap Blend Socially Responsible iS, KLD
-1.16% , DGT , Global Titans, DGT
-1.37% , VDE , Energy VIPERs, VDE
-0.88% , EFV , Value EAFE MSCI, EFV
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
0.84% Biotech SPDR, XBI
0.53% Bear, Short S&P 500, SH
0.47% Financial Services DJ, IYG
0.27% Financial DJ US, IYF
0.25% Financial SPDR, XLF
0.25% Japan Index, EWJ
0.24% Financials VIPERs, VFH
0.23% Homebuilders SPDR, XHB
0.13% Australia Index, EWA
0.10% Bond Muni ATM-Free S&P iS, MUB
0.08% Preferred Stock iS, PFF
0.07% Taiwan Index, EWT
0.07% Bond EmrgMkt JPM iS, EMB
0.06% Pacific VIPERs, VPL
0.02% Bond Treasury Short-Term iS, SHV
0.00% Financial Preferred, PGF
0.00% Water Resources, PHO
-0.02% Bond, Aggregate, AGG
-0.02% Bond, 1-3 Year Treasury, SHY
-0.05% Bond Ex-US Treas, BWX
-0.07% Dividend SPDR, SDY
-0.08% Singapore Index, EWS
-0.13% Bond, TIPS, TIP
-0.14% Bond, 20+ Years Treasury, TLT
-0.16% REIT VIPERs, VNQ
-0.16% Switzerland Index, EWL
-0.17% Bond, 10 Year Treasury, IEF
-0.18% Value SmallCap Russell 2000, IWN
-0.19% Bond, Corp, LQD
-0.21% Health Care SPDR, XLV
-0.23% Real Estate US DJ, IYR
-0.23% Technology DJ US, IYW
-0.24% Consumer Staples SPDR, XLP
-0.28% Pacific ex-Japan, EPP
-0.28% REIT Wilshire, RWR
-0.30% Transportation Av DJ, IYT
-0.32% Realty Cohen & Steers, ICF
-0.32% Dividend High Yield Equity PS, PEY
-0.32% Info Tech VIPERs, VGT
-0.33% Bond, High-Yield Corporate, HYG
-0.35% Value SmallCap VIPERS, VBR
-0.36% Technology SPDR, XLK
-0.39% Value LargeCap Dynamic PS, PWV
-0.40% QQQ Nasdaq 100 Trust, QQQ
-0.40% Value SmallCap S&P 600 B, IJS
-0.41% Value MidCap S&P 400 B, IJJ
-0.41% Value 1000 Russell, IWD
-0.42% SmallCap S&P 600, IJR
-0.43% Dividend DJ Select, DVY
-0.45% LargeCap Blend S&P 100, OEF
-0.45% Small Cap VIPERs, VB
-0.45% Value MidCap Russell, IWS
-0.47% S&P 500 iS LargeCap Blend, IVV
-0.48% Growth S&P 500/BARRA, IVW
-0.48% LargeCap VIPERs, VV
-0.48% Microcap Russell, IWC
-0.49% Value S&P 500 B, IVE
-0.50% S&P 500 SPDRs LargeCap Blend, SPY
-0.50% Blend Total Market VIPERs, VTI
-0.50% LargeCap 1000 R, IWB
-0.50% Value VIPERs, VTV
-0.52% Dividend Appreciation Vipers, VIG
-0.52% Growth VIPERs, VUG
-0.52% DIAMONDS (DJIA), DIA
-0.53% LargeCap Blend Russell 3000, IWV
-0.53% MidCap S&P 400 SPDRs, MDY
-0.53% Growth BARRA Small Cap 600, IJT
-0.53% Thailand MSCI iS, THD
-0.54% MidCap S&P 400 iS, IJH
-0.54% Sweden Index, EWD
-0.56% Growth EAFE MSCI, EFG
-0.58% Indonesia MV, IDX
-0.58% Mexico Index, EWW
-0.58% Bond, High-Yield Junk, JNK
-0.58% SmallCap Russell 2000, IWM
-0.59% Growth 1000 Russell, IWF
-0.60% Small Cap EAFE MSCI iS, SCZ
-0.60% Growth SmallCap VIPERs, VBK
-0.62% Malaysia Index, EWM
-0.64% MidCap Russell, IWR
-0.67% Italy Index, EWI
-0.69% EAFE Index, EFA
-0.70% Growth MidCap 400 B, IJK
-0.70% Frontier Markets Guggenheim , FRN
-0.72% Global 100, IOO
-0.73% Global ex US ACWI iS, ACWX
-0.76% Utilities VIPERs, VPU
-0.77% Networking, IGN
-0.80% Telecom DJ US, IYZ
-0.81% Utilities SPDR, XLU
-0.82% LargeCap Blend S&P=Weight R, RSP
-0.84% Dividend International, PID
-0.84% Capital Markets KWB ST, KCE
-0.86% Consumer Discretionary SPDR, XLY
-0.87% Growth MidCap Russell, IWP
-0.88% Value EAFE MSCI, EFV
-0.89% South Korea Index, EWY
-0.89% Netherlands Index, EWN
-0.89% Growth SmallCap R 2000, IWO
-0.90% France Index, EWQ
-0.94% Canada Index, EWC
-0.95% Hong Kong Index, EWH
-0.96% Industrial SPDR, XLI
-0.96% Commodity Tracking, DBC
-0.97% Chile MSCI iS, ECH
-1.03% Belgium Index, EWK
-1.03% Austria Index, EWO
-1.03% EMU Europe Index, EZU
-1.06% European VIPERs, VGK
-1.06% Gold Shares S.T., GLD
-1.10% Energy Global, IXC
-1.11% Europe 350 S&P Index, IEV
-1.15% Semiconductor iS IGW, SOXX
-1.19% Germany Index, EWG
-1.25% Energy DJ, IYE
-1.25% Energy SPDR, XLE
-1.26% Oil Fund PowerShares, DBO
-1.28% Oil, Crude, U.S. Oil Fund, USO
-1.28% Semiconductor SPDR, XSD
-1.30% Turkey MSCI iS, TUR
-1.37% Energy VIPERs, VDE
-1.37% United Kingdom Index, EWU
-1.37% Agriculture DB PS, DBA
-1.38% Silver Trust iS, SLV
-1.39% Materials SPDR, XLB
-1.42% Emerging VIPERs, VWO
-1.48% China 25 iS, FXI
-1.56% Energy & Nat Res iS GS, IGE
-1.58% Basic Materials DJ US, IYM
-1.63% Latin Am 40, ILF
-1.68% Emerging Markets, EEM
-1.73% India Earnings WTree, EPI
-1.77% India PS, PIN
-1.82% Emerging 50 BLDRS, ADRE
-1.84% Metals & Mining SPDR, XME
-1.90% China LargeCap Growth G D H USX PS, PGJ
-2.11% WilderHill Clean Energy PS, PBW
-2.17% Brazil Index, EWZ
-2.21% South Africa Index, EZA
-2.32% Spain Index, EWP
-2.92% Russia MV, RSX