U.S. dollar ETF (UUP) fell below the lows of the previous 6 trading days on 3/19/12. UUP shows considerable downside momentum for the short term.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below the lows of the previous 3 years on 3/19/12, thereby reconfirming a bearish major trend for the long term.
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) broke down below the lows of the previous 7 months on 3/19/12, which is bearish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) rose above its highs of the previous 2 months on 3/19/12, reconfirming its preexisting bullish trend. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size.
Major stock market indexes ended mostly higher, with the S&P 500 Composite (SPX: 1,409.75) up 0.40%, DJIA up 0.05%, NASDAQ Composite up 0.75%, and more advancing than declining stocks by a ratio of 174 to 100. Still, the A-D Line did not confirm higher price highs since it peaked on Tuesday, 3/13/12.
It has been an exceptional year so far, with no downside pullbacks of as much as 3% 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.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above its highs of the previous 6-months on 3/19/12, 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 broke out 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) whipsawed back below its 50-day SMA on 3/14/12 turning bearish again. BKF/SPY remains below its 200-day SMA. 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) whipsawed back below its 50-day SMA on 3/14/12 turning bearish again. EEM/SPY remains below its 200-day SMA. 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) has been trading around its 50-day SMA for several weeks, giving several false crossover signals. EFA/SPY remains bearishly below both its 200-day SMA, and the 50-day SMA has remained bearishly 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 2 months on 3/19/12, 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 and 200-day SMA, but 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) has turned neutral. MDY/SPY has been trading sideways around its 50-day and 200-day SMAs in recent days and has been giving misleading crossover signals.
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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
The S&P 500 Composite Potential Support
1406.32, high of 5/29/2008
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
1261.53, 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) broke down below the lows of the previous 7 months on 3/19/12, which is bearish. Still, TLT is technically neutral according to the 50-day and 200-day simple moving averages: TLT was below its 50-day and 200-day SMAs on 3/19/12, but the 50-day SMA has remained above the 200-day SMA every day since 6/24/11. Support 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance 119.14, 120.91, 121.64, 121.76, 124.02 and 125.03.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) broke down below the lows of the previous 5 months on 3/19/12, which is bearish. Still, IEF is technically neutral according to the 50-day and 200-day simple moving averages: IEF fell below its 50-day and 200-day SMAs on 3/19/12, but the 50-day SMA has remained above the 200-day SMA every day since 6/21/11. Support 101.36, 101.11, 99.79, and 97.66. Resistance 105.80, 106.49 and 106.66.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) is neutral. JNK/LQD is above its 50-day and 200-day SMAs, but 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 money out of thin air as necessary in order to support the financial system.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) fell below the lows of the previous 6 trading days on 3/19/12. UUP shows considerable downside momentum for the short term. UUP fell below its 50-day SMA on 3/16/12 but 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 22.01, 21.74, 21.58, 21.07, and 20.84. Resistance 22.47, 22.85, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (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) remains technically bullish for the medium term, positioned above both its 50-day and 200-day SMAs, and with the 50-day SMA above the 200-day SMA consistently every day since 1/3/12. Shorter term, USO rose above the highs of the previous 11 trading days on 3/19/12, confirming a minor uptrend. 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) fell below its lows of the previous 8-weeks and fell further below both its 50-day and 200-day SMAs on 3/14/12. 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: 158.80, 158.01, 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 3/19/12, 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 the lows of the previous 7 weeks and fell below its 50-day SMA on 3/14/12, thereby turning technically bearish. SLV remains below its 200-day SMA, and the 50-day SMA has been below the 200-day SMA every day since 10/27/11. Support 30.73, 30.67, 28.63, 27.83, 25.65, and 24.44. Resistance: 33.44, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71 and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) remains neutral, above its 50-day SMA, below its 200-day SMA, and with the 50-day SMA below the 200-day SMA every day since 8/30/11. The 50-200 SMA spread has been narrowing since 1/24/12, however, indicating some loss of bearish momentum.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) remains neutral, above its 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA every day since 8/8/11. 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
0.59% , XLG , LargeCap Rydex Rus Top 50, XLG
1.31% , EWK , Belgium Index, EWK
1.45% , EWI , Italy Index, EWI
0.59% , PMR , Retail, PMR
6.35% , X , US STEEL CORP
3.44% , UPS , UNITED PARCEL STK B
0.82% , RFV , Value MidCap S&P 400, RFV
0.52% , ADRD , Developed 100 BLDRS, ADRD
1.95% , EWP , Spain Index, EWP
0.51% , VAW , Materials VIPERs, VAW
0.86% , XBI , Biotech SPDR, XBI
1.07% , IJS , Value SmallCap S&P 600 B, IJS
0.88% , PEJ , Leisure & Entertainment, PEJ
2.84% , MPEL , Melco Crown Entertainment, MPEL
0.82% , JKL , Value SmallCap iS M, JKL
1.01% , JKE , Growth LargeCap iS M, JKE
0.22% , JKG , MidCap Blend Core iS M, JKG
2.72% , GPS , GAP
0.63% , EIS , Israel MSCI iS, EIS
0.34% , PWV , Value LargeCap Dynamic PS, PWV
2.15% , FMCN , Focus Media, FMCN
0.29% , IGV , Software, IGV
0.36% , MTK , Technology MS sT, MTK
0.79% , IYW , Technology DJ US, IYW
1.63% , ETFC , E*TRADE FINANCIAL
0.43% , JKJ , SmallCap Core iS M, JKJ
0.63% , VB , Small Cap VIPERs, VB
0.36% , PSJ , Software, PSJ
0.92% , IWN , Value SmallCap Russell 2000, IWN
0.75% , IXC , Energy Global, IXC
0.91% , IJR , SmallCap S&P 600, IJR
0.75% , VBK , Growth SmallCap VIPERs, VBK
0.76% , KCE , Capital Markets KWB ST, KCE
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.82% , KBH , KB HOME
-4.50% , S , SPRINT NEXTEL
-2.04% , FXI , China 25 iS, FXI
-3.28% , KSS , KOHLS
-0.48% , VPU , Utilities VIPERs, VPU
-2.06% , ESRX , EXPRESS SCRIPTS
-1.93% , MHS , MEDCO HEALTH
-1.53% , QID , Short 200% QQQ PS, QID
-0.61% , IEF , Bond, 10 Year Treasury, IEF
-2.76% , BAC , BANK OF AMERICA
-0.69% , XLU , Utilities SPDR, XLU
-0.26% , EMB , Bond EmrgMkt JPM iS, EMB
-2.30% , SWY , SAFEWAY
-0.52% , MZZ , Short 200% MidCap 400 PS, MZZ
-2.38% , KWT , Solar Energy MV, KWT
-0.07% , TNB , THOMAS & BETTS
-0.98% , BMS , BEMIS
-0.62% , LM , LEGG MASON
-0.98% , LIZ , LIZ CLAIRBORNE
-0.94% , PIN , India PS, PIN
-0.83% , SDS , Short 200% S&P 500 PS, SDS
-0.63% , PH , PARKER HANNIFIN
-0.21% , GVI , Bond Interm U.S. Gov, GVI
-0.29% , MUB , Bond Muni ATM-Free S&P iS, MUB
-0.17% , PGF , Financial Preferred, PGF
-0.32% , AGG , Bond, Aggregate, AGG
-0.36% , SH , Short 100% S&P 500, SH
-0.79% , SEE , SEALED AIR
-0.89% , SRE , SEMPRA ENERGY
-0.92% , NWL , NEWELL RUBBER
-1.19% , TLT , Bond, 20+ Years Treasury, TLT
-0.31% , JCI , JOHNSON CONTROLS
-0.41% , MCK , MCKESSON CORP
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.95% Spain Index, EWP
1.67% Metals & Mining SPDR, XME
1.45% Italy Index, EWI
1.44% Microcap Russell, IWC
1.31% Belgium Index, EWK
1.23% Silver Trust iS, SLV
1.16% Chile MSCI iS, ECH
1.07% Value SmallCap S&P 600 B, IJS
1.02% Austria Index, EWO
0.93% Frontier Markets Guggenheim , FRN
0.92% Value SmallCap Russell 2000, IWN
0.91% SmallCap S&P 600, IJR
0.86% Biotech SPDR, XBI
0.85% Networking, IGN
0.85% Thailand MSCI iS, THD
0.84% SmallCap Russell 2000, IWM
0.82% Growth SmallCap R 2000, IWO
0.79% Technology DJ US, IYW
0.79% Growth BARRA Small Cap 600, IJT
0.79% Realty Cohen & Steers, ICF
0.76% Semiconductor SPDR, XSD
0.76% REIT Wilshire, RWR
0.76% Capital Markets KWB ST, KCE
0.75% Energy Global, IXC
0.75% Growth SmallCap VIPERs, VBK
0.74% Technology SPDR, XLK
0.71% Info Tech VIPERs, VGT
0.71% Semiconductor iS IGW, SOXX
0.71% QQQ Nasdaq 100 Trust, QQQ
0.70% REIT VIPERs, VNQ
0.69% Value SmallCap VIPERS, VBR
0.68% Switzerland Index, EWL
0.68% EMU Europe Index, EZU
0.67% Financial Services DJ, IYG
0.65% Financial DJ US, IYF
0.64% Energy VIPERs, VDE
0.64% Financials VIPERs, VFH
0.63% Small Cap VIPERs, VB
0.63% Oil, Crude, U.S. Oil Fund, USO
0.62% Materials SPDR, XLB
0.59% Real Estate US DJ, IYR
0.59% Bond Ex-US Treas, BWX
0.59% Value EAFE MSCI, EFV
0.56% LargeCap Blend S&P 100, OEF
0.56% Energy & Nat Res iS GS, IGE
0.53% Telecom DJ US, IYZ
0.52% Growth VIPERs, VUG
0.52% EAFE Index, EFA
0.52% Consumer Discretionary SPDR, XLY
0.51% Financial SPDR, XLF
0.51% Indonesia MV, IDX
0.48% Energy DJ, IYE
0.48% Growth S&P 500/BARRA, IVW
0.47% Europe 350 S&P Index, IEV
0.47% Growth 1000 Russell, IWF
0.47% Australia Index, EWA
0.46% South Korea Index, EWY
0.45% Energy SPDR, XLE
0.45% Oil Fund PowerShares, DBO
0.45% European VIPERs, VGK
0.44% Sweden Index, EWD
0.43% LargeCap Blend Russell 3000, IWV
0.41% S&P 500 iS LargeCap Blend, IVV
0.39% Basic Materials DJ US, IYM
0.39% S&P 500 SPDRs LargeCap Blend, SPY
0.38% Bond, High-Yield Corporate, HYG
0.38% Global 100, IOO
0.37% Blend Total Market VIPERs, VTI
0.37% LargeCap VIPERs, VV
0.36% Netherlands Index, EWN
0.36% LargeCap 1000 R, IWB
0.36% Growth EAFE MSCI, EFG
0.35% Japan Index, EWJ
0.34% Value LargeCap Dynamic PS, PWV
0.34% Germany Index, EWG
0.34% MidCap S&P 400 SPDRs, MDY
0.32% Dividend International, PID
0.32% Growth MidCap 400 B, IJK
0.32% Dividend High Yield Equity PS, PEY
0.31% Global ex US ACWI iS, ACWX
0.31% MidCap S&P 400 iS, IJH
0.31% Value S&P 500 B, IVE
0.29% Growth MidCap Russell, IWP
0.28% Bond, High-Yield Junk, JNK
0.28% Malaysia Index, EWM
0.27% Small Cap EAFE MSCI iS, SCZ
0.27% MidCap Russell, IWR
0.27% LargeCap Blend S&P=Weight R, RSP
0.26% France Index, EWQ
0.26% Value 1000 Russell, IWD
0.25% Value MidCap S&P 400 B, IJJ
0.25% Dividend SPDR, SDY
0.25% Value MidCap Russell, IWS
0.23% Transportation Av DJ, IYT
0.23% United Kingdom Index, EWU
0.22% Value VIPERs, VTV
0.21% Mexico Index, EWW
0.18% Gold Shares S.T., GLD
0.14% Homebuilders SPDR, XHB
0.14% Canada Index, EWC
0.11% Pacific VIPERs, VPL
0.09% Pacific ex-Japan, EPP
0.09% Dividend Appreciation Vipers, VIG
0.08% Turkey MSCI iS, TUR
0.07% Dividend DJ Select, DVY
0.06% Consumer Staples SPDR, XLP
0.02% DIAMONDS (DJIA), DIA
0.01% Preferred Stock iS, PFF
0.00% Water Resources, PHO
0.00% South Africa Index, EZA
0.00% Latin Am 40, ILF
0.00% Industrial SPDR, XLI
0.00% Bond Treasury Short-Term iS, SHV
-0.03% Health Care SPDR, XLV
-0.07% Bond, 1-3 Year Treasury, SHY
-0.07% Taiwan Index, EWT
-0.10% Brazil Index, EWZ
-0.14% Bond, Corp, LQD
-0.14% Agriculture DB PS, DBA
-0.17% Financial Preferred, PGF
-0.17% Commodity Tracking, DBC
-0.17% WilderHill Clean Energy PS, PBW
-0.19% Emerging 50 BLDRS, ADRE
-0.26% Bond, TIPS, TIP
-0.26% Bond EmrgMkt JPM iS, EMB
-0.27% China LargeCap Growth G D H USX PS, PGJ
-0.29% Bond Muni ATM-Free S&P iS, MUB
-0.32% Bond, Aggregate, AGG
-0.36% Bear, Short S&P 500, SH
-0.39% Emerging Markets, EEM
-0.48% Utilities VIPERs, VPU
-0.54% Singapore Index, EWS
-0.56% Emerging VIPERs, VWO
-0.61% Bond, 10 Year Treasury, IEF
-0.64% Russia MV, RSX
-0.66% Hong Kong Index, EWH
-0.69% Utilities SPDR, XLU
-0.94% India PS, PIN
-1.19% Bond, 20+ Years Treasury, TLT
-1.28% India Earnings WTree, EPI
-2.04% China 25 iS, FXI
