S&P 500 Composite (SPX, 1,340.20) rose 5.10 points or 0.38% on Friday. Trading volume fell 10% on the NYSE, the slowest of the latest 4 trading days, suggesting relatively weak participation and lack of confidence. SPX opened higher on better than expected employment news but gave up most of the early gains after 11:19 a.m. ET as analysts questioned the actual significance of the employment numbers. MACD continued to decline and crossed below its signal line, turning negative. Other momentum indicators (such as RSI and Stochastics) barely budged from their downtrends. Momentum indicators gave bearish divergence warnings in April; that is, they never made it back to their February peaks when the price indexes rose to higher highs.
I previously pointed out that the major stock price indexes showed signs of exhaustion and reversal. Sentiment indicators have been suggesting that the stock market may be over loved and overbought. And in view of the sharp reversals in commodities, the so-called “inflation trade”, when speculators buy stocks and sell fixed-income instruments based on expectations of rising price levels, appears to be unwinding. In addition, the U.S. stock market is entering its worst performing season, May through October.
The CRB Index of commodity prices fell further below 7-week lows.
Crude Oil price fell below the lows of the previous 10 weeks, again confirming a sharp short-term price pullback.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell further below 15-month lows on 5/6/11, again reconfirming its bearish trend.
Silver fell below the lows of the previous 7 weeks, again reconfirming a short-term price downtrend, which appears to be dampening inflation expectations.
Copper fell below the lows of the previous 6 months. Copper appears to be in an intermediate-term correction since peaking at 4.6575 on 2/15/11.
U.S. Treasury Bond nearest futures contract price rose above the highs of the previous 6-weeks. The Bond may have been building an intermediate-term bullish base.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell steeply in May, confirming a short-term downtrend. TIP/IEF entered a downside correction phase after rising above 2-year highs on 4/8/11.
The U.S. dollar rose above the highs of the previous 2 weeks, confirming a long-overdue oversold bounce. Momentum and volume were strong. The rally is probably counter trend, however.
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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
9.33% , PWER , POWER ONE
7.89% , FLR , FLUOR
0.62% , SWH , Software H, SWH
6.53% , EPU , Peru MSCI iS, EPU
4.52% , HANS , Hansen Natural, HANS
0.57% , PWP , Value MidCap Dynamic PS, PWP
1.00% , PSI , Semiconductors, PSI
3.77% , LVLT , LEVEL 3 COMMUNICATIONS
1.09% , XSD , Semiconductor SPDR, XSD
4.72% , SIRI , Sirius Satellite
3.50% , NTAP , NETWK APPLIANCE
2.57% , SUN , SUNOCO
3.54% , NVDA , NVIDIA
0.25% , IXG , Financials Global LargeCap Value, IXG
0.35% , ACWX , Global ex US ACWI iS, ACWX
2.25% , LRCX , LAM RESEARCH CORP
2.20% , MAR , MARRIOTT INTL STK A
1.46% , PBE , Biotech & Genome, PBE
0.67% , TMW , Wilshire 5000 ST TM, TMW
2.14% , HOG , HARLEY DAVIDSON
0.78% , PEG , PUBL SVC ENTER
2.23% , BLK , BlackRock Inc.
0.49% , ISI , LargeCap Blend S&P 1500 iS, ISI
0.34% , IGM , Technology GS, IGM
4.36% , MBI , MBIA
0.74% , IYH , Healthcare DJ, IYH
0.57% , ITF , Japan LargeCap Blend TOPIX 150, ITF
1.90% , AMP , Ameriprise Financial Inc.
0.47% , PWO , OTC Dynamic PS, PWO
0.74% , VIS , Industrials VIPERs, VIS
0.50% , PWV , Value LargeCap Dynamic PS, PWV
0.89% , C , CITIGROUP
2.64% , TUP , TUPPERWARE
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.03% , KMX , CarMax
-4.70% , WPO , Washington Post
-3.78% , CHD , Church & Dwight
-1.55% , EWO , Austria Index, EWO
-1.02% , FEZ , Euro STOXX 50, FEZ
-1.32% , EWI , Italy Index, EWI
-2.11% , TUR , Turkey MSCI iS, TUR
-0.94% , EWK , Belgium Index, EWK
-3.67% , QLGC , QLOGIC
-1.74% , EWP , Spain Index, EWP
-0.76% , EWQ , France Index, EWQ
-1.52% , STLD , Steel Dynamics, STLD
-0.49% , EIS , Israel MSCI iS, EIS
-1.10% , NUE , NUCOR
-0.82% , EWN , Netherlands Index, EWN
-0.46% , MZZ , Short 200% MidCap 400 PS, MZZ
-0.81% , PLL , PALL
-0.29% , EWL , Switzerland Index, EWL
-2.75% , RIMM , RESEARCH IN MOTION LTD
-1.38% , GNW , GENWORTH FINANCIAL
-0.49% , SYY , SYSCO
-1.31% , PLD , PROLOGIS TRUST
-0.85% , EWD , Sweden Index, EWD
-0.39% , KLD , LargeCap Blend Socially Responsible iS, KLD
-0.26% , MI , MARSHAL & ILSLEY
-0.75% , OMC , OMNICOM
-0.22% , EWG , Germany Index, EWG
-0.93% , PCL , PLUM CREEK TIMB
-0.54% , IYR , Real Estate US DJ, IYR
-1.05% , EQR , EQUITY RESIDENT BEN INT
-0.67% , LXK , LEXMARK INTL STK A
-0.88% , THD , Thailand MSCI iS, THD
-0.87% , NBR , NABORS
9 major U.S. stock sectors ranked in order of long-term relative strength:
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) has been consolidating gains since 4/4/11 and remains neutral. Absolute price rose above previous 2-year highs on 4/29/11. Support 37.39, 36.24, 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 39.0 and 39.97.
Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) has been consolidating previous gains since 11/26/10. Absolute price rose above 3-year highs on 4/28/11, which is bullish. Support 38.90, 38.46, 36.61, 36.13, 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 40.72.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) remains neutral based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price remains bullish. Support 32.57, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 36.67 and 37.89.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell steeply since 4/29/11 but remains neutral based on moving average relationships. Absolute price has been falling steeply since 5/2/11 but remains neutral. Support 72.85, 68.73, 67.49, 65.25, 65.03, 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 80.97, 83.27, and 91.42.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) remains neutral, based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price remains bullish. Support 29.64, 28.71, 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) ) has been correcting since 4/5/11 and remains neutral. Absolute price has been consolidating gains since 4/6/11. Support 38.44, 38.06, 36.44, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 41.28, 43.04, 45.21, 45.21, and 46.54.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below 13-month lows on 4/5/11. The Ratio gave a clear bearish signal on 3/22/11 when the 50-day SMA of the RS Ratio crossed below the 200-day SMA. Absolute price of XLK peaked on 2/18/11 and remains neutral. Support 25.20, 24.87, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 27.09, 27.43, 27.63, and 28.60.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) remains neutral, based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price rose further above 2-year highs on 5/3/11 and remains bullish. Support 31.35, 31.20, 30.74, 30.53, 29.66, 27.91, 27.44, and 25.76. Resistance 34.89 and 36.24.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 2-year lows on 5/2/11 and remains bearish. Absolute price fell below 3-week lows on 4/18/11 and remains neutral. Support 15.79, 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 16.75, 16.85, 17.20, and 17.87.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) gave a bearish signal on 5/3/11 by crossing below its 50-day SMA. The Ratio remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) remains neutral, with the 50-day SMA below the 200-day SMA.
NASDAQ Composite/S&P 500 Relative Strength Ratio has been consolidating previous gains since 1/18/11 and remains neutral. Absolute price rose above 10-year highs on 4/28/11, reconfirming a bullish major price trend.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows on 4/21/11, again reconfirming its preexisting bearish major trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below its 50-day SMA on 5/3/11 and is now neutral. The Ratio lost upside momentum since 4/5/11, when it rose above all-time highs.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its 50-day SMA on 5/3/11 and is now neutral. The Ratio lost upside momentum since 4/5/11, when it rose above all-time highs.
Crude Oil nearest futures contract price fell below the lows of the previous 10 weeks on 5/6/11, again confirming a sharp short-term price pullback. Support 87.09, 83.85, 83.55, 80.28, 80.06, 79.84, 79.25, 78.86, 73.52, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 114.83, 120.42, 130.0, and 147.27.
Gold nearest futures contract price fell below the lows of the previous 3 weeks on 5/5/11, again confirming a short-term price pullback. On 5/2/11, I wrote, ” Gold rose above all-time highs on 5/2/11, again reconfirming its major uptrend. Gold looks overextended, however, and could be due for a downside correction.” That correction appears to have started. Support: 1445.0, 1411.5, 1380.7, 1419.5, 1351.4, 1309.1, 1307.7, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1577.4.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell further below 15-month lows on 5/6/11, again reconfirming its bearish trend. The Ratio crossed below the 50-day SMA on 4/15/11, remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.
Silver nearest futures contract price fell below the lows of the previous 7 weeks on 5/6/11, again reconfirming a short-term price downtrend, which appears to be dampening inflation expectations. Support 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 49.82 and 50.35.
Silver/Gold Ratio broke sharply below the lows of the previous 10 weeks on 5/5/11, reconfirming the remarkable downtrend since the peak on 4/28/11.
Copper nearest futures contract price fell below the lows of the previous 6 months on 5/6/11. Copper appears to be in an intermediate-term correction since peaking at 4.6575 on 2/15/11. Strength in Copper suggests confidence in the economic outlook, while weakness suggests doubts. Support 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.533, 4.554, 4.6495, and 4.6575.
U.S. Treasury Bond nearest futures contract price rose above the highs of the previous 6-weeks on 5/6/11, again reconfirming that the short-term trend is still up. In addition, the Bond may have been building an intermediate-term bullish base since the low of 12/15/10. In its favor, nearly everyone has been talking bearish on Bonds this year, so the Bond could be oversold. Support 120.20, 119.15, 117.28, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 125.06, 128.00 129.14, 129.27, 132.26, 133.00, 135.12, 135.19, 136.31, 137.31, and 142.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) has been stuck in a neutral trading range most of the time since JNK price peaked at 41.32 on 11/4/10.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell steeply in May, confirming a short-term downtrend. TIP/IEF entered a downside correction phase after rising above 2-year highs on 4/8/11. The Ratio had been in a rising trend from 8/24/10 to 4/8/11, reflecting fixed-income investors’ preference for inflation-protected TIPs over the unprotected 7-10 Year U.S. Treasury Note ETF (IEF).
The U.S. dollar nearest futures contract price rose above the highs of the previous 2 weeks on 5/6/11, confirming a long-overdue oversold bounce. Momentum and volume were strong. The rally is probably counter trend, however, since USD fell below the lows of the previous 16 months on 5/4/11, again reconfirming a long-term, major downtrend. Support 72.86 and 70.80. Resistance 76.055, 76.87, 77.675, 78.98, 79.34, 81.635, 81.935, 82.02, 83.64, 84.73, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 57.3% Bulls versus 15.7% Bears as of 4/6/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear Ratio soared to 3.65, up from 2.23 the previous week. The Ratio rose its highest level in the 8 years since the 20-year high of 3.74 set on 6/18/03. Following that 2003 peak, the stock market turned sideways/choppy for 2 months and sentiment reverted toward the mean. The Ratio’s 20-year range is 0.41 to 3.74, the median is 1.56, and the mean is 1.63. According to Humphrey B. Neill, The Art of Contrary Thinking, when everybody thinks alike, everyone is likely to be wrong.
VIX Fear Index fell below its 3-year range on 4/20/11, hitting 14.30 intraday, and again confirming a preexisting trend toward bullish complacency. This follows a brief spike up to an intraday peak of 31.28 on 3/16/11. Fear was short-lived. 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 Dow Theory reconfirmed a Primary Tide Bull Market as of 4/28/11, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above closing price highs of the previous 2-years. The Dow Theory originally signaled the current Primary Tide Bull Market on 7/23/09, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 6 months.
S&P 500 Composite (SPX, 1,340.20) rose 5.10 points or 0.38% on Friday. Trading volume fell 10% on the NYSE, the slowest of the latest 4 trading days, suggesting relatively weak participation and lack of confidence.
S&P 500 Cash Index 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
1406.32, high of 5/29/2008
1381.50, Fibonacci 78.6% of 2007-2009 range
1370.50, high of 5/2/11
S&P 500 Cash Index Potential Support
1294.70, low of 4/18/11
1249.05, low of 3/16/11
1246.73, high of 12/13/10
1238.81, Fibonacci 78.6% of 1,576.09 high
1235.05, high of 12/7/10
1232.85, low of 12/16/10
1228.74, Fibonacci 61.8% of 2007-2009 range
1227.08, high of 11/5/10
1173.00, low of 11/16/10
1171.70, low of 10/27/10
1166.74, low of 10/20/10
1159.71, low of 10/19/10
1,151.41, low of 10/7/10
1,131.87, low of 10/4/10
1122.79, low of 9/23/2010
1114.63, low of 9/15/2010
1110.88, low of 9/10/2010
1091.15, low of 9/7/2010
1039.70, low of 8/27/10
1039.31, Fibonacci 23.6% of June-Aug. 2010 range
1010.91, low of 7/1/2010
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
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
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
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.49% Silver Miners Global X, SIL
2.25% Silver Trust iS, SLV
1.82% India PS, PIN
1.80% India Earnings WTree, EPI
1.78% Australia Index, EWA
1.77% Biotech SPDR, XBI
1.77% Russia MV, RSX
1.67% Pacific ex-Japan, EPP
1.61% Brazil Index, EWZ
1.44% Chile MSCI iS, ECH
1.35% Emerging VIPERs, VWO
1.34% South Africa Index, EZA
1.30% Emerging Markets, EEM
1.28% Gold Shares S.T., GLD
1.23% Latin Am 40, ILF
1.22% China LargeCap Growth G D H USX PS, PGJ
1.09% Semiconductor SPDR, XSD
1.05% Pacific VIPERs, VPL
0.99% China 25 iS, FXI
0.97% Emerging 50 BLDRS, ADRE
0.96% Taiwan Index, EWT
0.95% Singapore Index, EWS
0.92% WilderHill Clean Energy PS, PBW
0.89% Malaysia Index, EWM
0.87% Indonesia MV, IDX
0.87% Industrial SPDR, XLI
0.82% Materials SPDR, XLB
0.80% Growth SmallCap R 2000, IWO
0.79% Hong Kong Index, EWH
0.79% Semiconductor iS IGW, SOXX
0.75% Canada Index, EWC
0.73% Basic Materials DJ US, IYM
0.73% South Korea Index, EWY
0.71% Health Care SPDR, XLV
0.68% Growth SmallCap VIPERs, VBK
0.62% Utilities VIPERs, VPU
0.61% Telecom DJ US, IYZ
0.61% Capital Markets KWB ST, KCE
0.60% Metals & Mining SPDR, XME
0.58% Microcap Russell, IWC
0.58% Dividend DJ Select, DVY
0.57% Utilities SPDR, XLU
0.57% Japan Index, EWJ
0.57% Bond, High-Yield Junk, JNK
0.57% Growth MidCap Russell, IWP
0.55% Growth BARRA Small Cap 600, IJT
0.54% Mexico Index, EWW
0.53% SmallCap Russell 2000, IWM
0.53% Energy & Nat Res iS GS, IGE
0.51% Bond, High-Yield Corporate, HYG
0.50% DIAMONDS (DJIA), DIA
0.50% Financial SPDR, XLF
0.50% Small Cap VIPERs, VB
0.50% Value LargeCap Dynamic PS, PWV
0.48% Value MidCap Russell, IWS
0.48% Growth VIPERs, VUG
0.47% Value S&P 500 B, IVE
0.46% MidCap Russell, IWR
0.46% Water Resources, PHO
0.44% Energy SPDR, XLE
0.44% S&P 500 SPDRs LargeCap Blend, SPY
0.43% Blend Total Market VIPERs, VTI
0.43% Info Tech VIPERs, VGT
0.43% Growth S&P 500/BARRA, IVW
0.43% SmallCap S&P 600, IJR
0.42% Value 1000 Russell, IWD
0.41% LargeCap Blend Russell 3000, IWV
0.41% LargeCap Blend S&P=Weight R, RSP
0.41% LargeCap VIPERs, VV
0.39% Dividend Appreciation Vipers, VIG
0.39% Growth 1000 Russell, IWF
0.39% Energy VIPERs, VDE
0.38% Value SmallCap S&P 600 B, IJS
0.37% Technology DJ US, IYW
0.36% LargeCap 1000 R, IWB
0.36% S&P 500 iS LargeCap Blend, IVV
0.35% LargeCap Blend S&P 100, OEF
0.35% Value VIPERs, VTV
0.35% Global ex US ACWI iS, ACWX
0.33% Transportation Av DJ, IYT
0.33% Financial Services DJ, IYG
0.33% QQQ Nasdaq 100 Trust, QQQ
0.33% Dividend SPDR, SDY
0.31% Energy DJ, IYE
0.29% Energy Global, IXC
0.27% Financials VIPERs, VFH
0.27% Value MidCap S&P 400 B, IJJ
0.27% Growth EAFE MSCI, EFG
0.26% Consumer Staples SPDR, XLP
0.24% Growth MidCap 400 B, IJK
0.24% MidCap S&P 400 SPDRs, MDY
0.23% MidCap S&P 400 iS, IJH
0.22% Dividend High Yield Equity PS, PEY
0.22% Financial DJ US, IYF
0.19% Technology SPDR, XLK
0.16% United Kingdom Index, EWU
0.16% Value SmallCap Russell 2000, IWN
0.16% Small Cap EAFE MSCI iS, SCZ
0.13% Preferred Stock iS, PFF
0.12% Agriculture DB PS, DBA
0.11% Homebuilders SPDR, XHB
0.09% Networking, IGN
0.09% Frontier Markets Guggenheim , FRN
0.07% Consumer Discretionary SPDR, XLY
0.07% Value EAFE MSCI, EFV
0.06% Dividend International, PID
0.05% Bond, 10 Year Treasury, IEF
0.05% EAFE Index, EFA
0.05% Bond EmrgMkt JPM iS, EMB
0.04% Bond, TIPS, TIP
0.03% Value SmallCap VIPERS, VBR
0.01% Bond, 1-3 Year Treasury, SHY
0.01% Bond Treasury Short-Term iS, SHV
0.00% Bond, Corp, LQD
-0.01% Financial Preferred, PGF
-0.01% Bond, Aggregate, AGG
-0.01% Bond Muni ATM-Free S&P iS, MUB
-0.07% Global 100, IOO
-0.22% Germany Index, EWG
-0.29% Switzerland Index, EWL
-0.31% Commodity Tracking, DBC
-0.44% Bond, 20+ Years Treasury, TLT
-0.46% European VIPERs, VGK
-0.48% Europe 350 S&P Index, IEV
-0.52% Bond Ex-US Treas, BWX
-0.54% Real Estate US DJ, IYR
-0.76% France Index, EWQ
-0.79% Realty Cohen & Steers, ICF
-0.82% Netherlands Index, EWN
-0.82% EMU Europe Index, EZU
-0.84% Oil Fund PowerShares, DBO
-0.85% Sweden Index, EWD
-0.87% REIT Wilshire, RWR
-0.88% Thailand MSCI iS, THD
-0.89% REIT VIPERs, VNQ
-0.94% Belgium Index, EWK
-1.14% Oil, Crude, U.S. Oil Fund, USO
-1.32% Italy Index, EWI
-1.55% Austria Index, EWO
-1.74% Spain Index, EWP
-2.11% Turkey MSCI iS, TUR
