One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol

Energy SPDR, XLE
Energy VIPERs, VDE
Energy DJ, IYE
Energy & Nat Res iS GS, IGE
Energy Global, IXC
Commodity Tracking, DBC
Canada Index, EWC

S&P 500 Composite (SPX, 1,319.88) bounced up 1.06% to close above 2-day highs, suggesting relief from selling pressure following a 3-day shakeout. The broader market was significantly stronger: Small Caps, Mid Caps, and Nasdaq were up more than the Large Caps that dominate the SPX. Advances led declines 4 to 1 on both the NYSE and Nasdaq. I’ll stay with my conclusion after the close on Thursday: “The loss of downside momentum and the failure of bearish forces to keep the market down despite worrisome international news suggests downside exhaustion and the possibility of a bounce back in days ahead. The major trend is still bullish: last Friday, 2/18/11, SPX rose above the highs of the previous 2-years, which reconfirmed its preexisting Bullish Primary Tide Trend for the long term.”

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) crossed back above its 50-day SMA, turning bullish again. Long term, the ratio rose above 20-year highs on 12/21/10, which confirmed a bullish trend.

Materials and Utilities SPDR stock sector ETFs absolute prices whipsawed back above their 50-day SMAs, thereby turning bullish again.
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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
2.62% , PWT , Growth SmallCap Dynamic PS, PWT
7.88% , HANS , Hansen Natural, HANS
0.66% , EWK , Belgium Index, EWK
2.41% , PZI , Micro Cap Zachs, PZI
1.09% , SWH , Software H, SWH
1.53% , EIS , Israel MSCI iS, EIS
1.11% , EZU , EMU Europe Index, EZU
1.09% , ADRU , Europe 100 BLDRS, ADRU
2.59% , SOXX , Semiconductor iS IGW, SOXX
8.18% , IPG , INTERPUBLIC GRP
1.07% , PUI , Utilities, PUI
2.58% , JKJ , SmallCap Core iS M, JKJ
1.16% , ISI , LargeCap Blend S&P 1500 iS, ISI
6.58% , RDC , ROWAN COMPANIES
2.02% , RFV , Value MidCap S&P 400, RFV
1.04% , JKD , LargeCap Blend Core iS M, JKD
4.97% , MCO , MOODYS CORP
2.11% , IGV , Software, IGV
1.53% , JKL , Value SmallCap iS M, JKL
1.19% , EWP , Spain Index, EWP
2.02% , PSTL , Steel Global PS ETF, PSTL
1.52% , BDH , Broadband H, BDH
0.99% , PWP , Value MidCap Dynamic PS, PWP
0.73% , PWV , Value LargeCap Dynamic PS, PWV
2.44% , LBTYA , Liberty Global Inc. (LBTYA)
0.48% , PFM , Dividend Achievers PS, PFM
3.59% , NSM , NATL SEMICONDUCT
3.81% , SIRI , Sirius Satellite
1.43% , THC , TENET HEALTHCARE
1.17% , IAH , Internet Architecture H, IAH
1.26% , PKB , Building & Construction, PKB
4.54% , ALTR , ALTERA
5.46% , FMCN , Focus Media, FMCN

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.67% , AIG , AMER INTL GROUP
-6.54% , JCP , JC PENNEY
-4.67% , EK , EASTMAN KODAK
-0.75% , AYE , ALLEGHENY ENERGY
-1.58% , AET , AETNA
-1.07% , FE , FIRSTENERGY
-0.25% , NOVL , NOVELL
-0.70% , GLW , CORNING
-0.44% , PWER , POWER ONE
-1.26% , COF , CAPITAL ONE FNCL
-0.11% , EPU , Peru MSCI iS, EPU
-0.14% , LMT , LOCKHEED MARTIN
-0.27% , UTH , Utilities H, UTH
-0.19% , HUM , HUMANA
-0.24% , PPL , PPL
-0.16% , HD , HOME DEPOT
-1.01% , JNJ , JOHNSON&JOHNSON
-0.06% , LLY , ELI LILLY

9 major U.S. stock sectors ranked in order of long-term relative strength:

Energy (XLE) Bullish, Over Weight. The Relative Strength Ratio (XLE/SPY) rose further above 15-month highs on 2/13/11, reconfirming its preexisting bullish major trend. Absolute price of XLE rose above 2-year closing price highs on 2/25/11, reconfirming its preexisting bullish major trend. Support 76.25, 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 83.27 and 91.42.

Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) fell below its 50-day SMA on 2/23/11, thereby turning neutral for the short term. The ratio rose above 2-year highs on 2/17/11, which confirmed a bullish long-term trend. Absolute closed above 2-year closing price highs on 2/18/11 and remains bullish. Support 35.91, 35.87, 35.38, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 39.02 and 39.97.

Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) fell below its 50-day SMA on 2/23/11, thereby turning neutral for the short term. Absolute price rose above 3-year highs on 2/18/11, which was a bullish confirmation for the longer-term trend. Support 38.10, 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 40.13 and 40.70.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) whipsawed back below its 50-day SMA on 2/18/11 thereby turning neutral again. Absolute price whipsawed back above its 50-day SMA on 2/25/11 thereby turning bullish again. Support 37.94, 37.24, 36.99, 36.54, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 40.83 and 41.06.

Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) crossed below its 200-day SMA on 2/22/11, thereby reconfirming its preexisting neutral trend. This RS ratio rose above 8-year highs on 11/3/10, which was a bullish confirmation of the primary uptrend. Absolute price of XLK closed above 3-year closing price highs on 2/17/11and remains bullish. Support 25.82, 25.65, 25.53, 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.

Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) crossed below its 200-day SMA on 2/22/11, thereby reconfirming its preexisting neutral trend. Absolute price of XLF rose above 2-year highs on 2/18/11 and remains bullish. Support 16.34, 16.19, 16.03, 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 17.20 and 17.87.

Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) fell below 2-year lows on 2/14/11 and remains bearish. Absolute price crossed above its 50-day SMA on 2/4/11, thereby turning bullish for the short term. Support 29.27, 28.80, 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 29.82 and 30.29.

Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below 2-year lows on 2/11/11 and remains bearish, as it has been most of the time since peaking on 2/23/09. Absolute price rose above 13-month highs on 2/18/11 and remains bullish. Support 31.87, 31.56, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 32.85, 33.16, 33.37 and 33.74.

Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below 4-year lows on 2/18/11 and remains bearish. Absolute price whipsawed back above its 50-day SMA on 2/25/11 thereby turning bullish again. Support 31.49, 31.23, 30.51, 29.66, 27.91, 27.44, and 25.76. Resistance 32.21 and 32.40.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell further below 8-month lows on 2/22/11,again reconfirming its bearish trend. The ratio turned bearish from neutral on 2/4/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) turned bearish from neutral on 2/10/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

NASDAQ Composite/S&P 500 Relative Strength Ratio fell below 50-day SMA on 1/20/11, turning neutral for the short term. Long term, the ratio rose above 10-year highs on 1/18/11, confirming a bullish Primary Tide uptrend.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) turned bearish from neutral on 2/10/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA. Long term, the ratio fell below 28-year lows on 12/3/10, confirming a major bearish trend. Big caps had been relatively out of favor for more than 10 years, from 3/29/2000 to 12/3/10.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) crossed back above its 50-day SMA on 2/25/11, turning bullish again. Long term, the ratio rose above 20-year highs on 12/21/10, which confirmed a bullish trend.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs on 2/17/11, thereby reconfirming its preexisting bullish major trend. The ratio turned bullish from neutral on 2/7/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

Crude Oil nearest futures contract price rose above 2-year highs on 2/24/11, thereby reconfirming its preexisting bullish major trend. Support 95.14, 87.09, 83.85, 83.55, 80.28, 80.06, 79.84, 79.25, 78.86, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 103.41.

Gold nearest futures contract price rose further above the highs of the previous 6 weeks on 2/24/11, again reconfirming a bullish trend for the short term. Long term, Gold rose above previous all-time highs on 12/7/10, confirming a bullish major trend. Support 1309.1, 1307.7, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1431.1.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) crossed below its 50-day and 200-day SMAs on 2/24/11. The ratio is now bearish, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

Silver nearest futures contract price rose above previous 30-year highs on 2/22/11, again reconfirming a bullish major trend. Support 31.61, 30.265, 26.30, 24.98, and 22.84. Resistance: 34.32.

Silver/Gold Ratio rose above 4-year highs on 2/23/11, confirming a bullish major trend.

Copper nearest futures contract price rose above previous 2-day highs on 2/25/11, suggesting an oversold bounce for the short term. Copper fell below 3-week lows intraday on 2/24/11 before reversing to close higher, setting up a challenge to the 7-day downside price pullback for the short term. Copper rose above all-time highs on 2/14/11, thereby reconfirming its preexisting bullish major trend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 4.208, 4.204, 4.08, 3.9795, 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.6495.

U.S. Treasury Bond nearest futures contract price rose above 6-week highs on 2/25/11, reconfirming a “flight to safety” bounce for the short term. But the Bond fell further below 9-month lows on 2/9/11, confirming a bearish long-term major trend. Support, 115.15, 114.06, 113.04, and 112.15. Resistance 122.07, 123.26, 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) remains bullish, above 50- and 200-day SMAs. JNK absolute price also remains bullish.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has been in a rising trend since making a low on 8/24/10, even as absolute price of TIP has declined. A rising Relative Strength Ratio implies that fixed-income investors have been selling inflation protected TIPs at a relatively more subdued pace since 8/24/10, compared to the more severe price drop of the 7-10 Year U.S. Treasury Note ETF (IEF).

The U.S. dollar nearest futures contract price fell below the lows of the previous 3 months on 2/24/11, reconfirming an intermediate-term downtrend. Long term, USD fell below 11-month lows on 11/3/10, confirming a major downtrend. Support 75.235, 74.27, and 70.80. Resistance 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 53.3% Bulls versus 18.9% Bears as of 2/23/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio stands at 2.82, nearly 1.5 standard deviations above the 20-year mean. The 20-year range is 0.41 to 3.74, the median is 1.55, and the mean is 1.63.

VIX Fear Index rose further above the highs of the previous 2 months to 23.22 on 2/23/11, reflecting a shift toward fear or bearish sentiment among options players. 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 2/17/11, 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. While other Dow Theorists were fooled by the big downside Secondary Reaction in May and June 2010 and called a “Bear Market”, my interpretation of the Dow Theory has been steadily Bullish on the Primary Tide Trend every day since 7/23/09.

S&P 500 Composite (SPX, 1,319.88) bounced up 1.06% to close above 2-day highs, suggesting relief from selling pressure following a 3-day shakeout.The broader market was significantly stronger: Small Caps, Mid Caps, and Nasdaq were up more than the Large Caps that dominate the SPX. Advances led declines 4 to 1 on both the NYSE and Nasdaq. I’ll stay with my conclusion on Thursday: “The loss of downside momentum and the failure of bearish forces to keep the market down despite worrisome international news suggests downside exhaustion and the possibility of a bounce back in days ahead. The major trend is still bullish: last Friday, 2/18/11, SPX rose above the highs of the previous 2-years, which reconfirmed its preexisting Bullish Primary Tide Trend for the long term.”

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
1366.59, high of 6/17/2008
1344.07, high of 2/18/11

S&P 500 Cash Index Potential Support
1294.26, low of 2/24/11
1275.10, low of 1/28/11
1271.26, low of 1/20/11
1261.70, low of 1/7/11
1251.48, low of 12/27/10
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

4.38% Silver Trust iS, SLV
2.68% Russia MV, RSX
2.59% Semiconductor iS IGW, SOXX
2.41% Microcap Russell, IWC
2.32% SmallCap Russell 2000, IWM
2.30% Semiconductor SPDR, XSD
2.30% Value SmallCap Russell 2000, IWN
2.27% SmallCap S&P 600, IJR
2.26% Growth SmallCap R 2000, IWO
2.25% Value SmallCap S&P 600 B, IJS
2.24% Growth SmallCap VIPERs, VBK
2.20% Commodity Tracking, DBC
2.19% Small Cap VIPERs, VB
2.19% Pacific ex-Japan, EPP
2.18% Growth BARRA Small Cap 600, IJT
2.17% Singapore Index, EWS
2.15% Hong Kong Index, EWH
2.11% Realty Cohen & Steers, ICF
2.07% MidCap S&P 400 SPDRs, MDY
2.07% Value SmallCap VIPERS, VBR
2.06% Agriculture DB PS, DBA
2.02% MidCap S&P 400 iS, IJH
2.01% Value MidCap S&P 400 B, IJJ
1.99% REIT Wilshire, RWR
1.99% Growth MidCap 400 B, IJK
1.96% Australia Index, EWA
1.96% REIT VIPERs, VNQ
1.92% South Africa Index, EZA
1.91% Energy & Nat Res iS GS, IGE
1.88% Homebuilders SPDR, XHB
1.83% Growth MidCap Russell, IWP
1.82% Oil, Crude, U.S. Oil Fund, USO
1.78% Real Estate US DJ, IYR
1.78% MidCap Russell, IWR
1.77% Capital Markets KWB ST, KCE
1.76% Networking, IGN
1.75% Canada Index, EWC
1.75% Metals & Mining SPDR, XME
1.73% China LargeCap Growth G D H USX PS, PGJ
1.72% Value MidCap Russell, IWS
1.67% United Kingdom Index, EWU
1.65% China 25 iS, FXI
1.65% Energy VIPERs, VDE
1.63% Small Cap EAFE MSCI iS, SCZ
1.62% Basic Materials DJ US, IYM
1.61% Growth EAFE MSCI, EFG
1.59% Energy SPDR, XLE
1.55% Pacific VIPERs, VPL
1.55% Italy Index, EWI
1.54% Frontier Markets Guggenheim , FRN
1.53% France Index, EWQ
1.52% Financial DJ US, IYF
1.50% Financial Services DJ, IYG
1.49% Biotech SPDR, XBI
1.49% Financials VIPERs, VFH
1.48% Materials SPDR, XLB
1.48% Energy DJ, IYE
1.47% Technology DJ US, IYW
1.47% Energy Global, IXC
1.46% Info Tech VIPERs, VGT
1.45% Telecom DJ US, IYZ
1.44% Water Resources, PHO
1.44% Thailand MSCI iS, THD
1.40% Chile MSCI iS, ECH
1.40% LargeCap Blend S&P=Weight R, RSP
1.40% Growth LargeCap NASDAQ 100, QQQQ
1.40% Turkey MSCI iS, TUR
1.40% Financial SPDR, XLF
1.39% Taiwan Index, EWT
1.37% Emerging VIPERs, VWO
1.30% Growth VIPERs, VUG
1.29% Japan Index, EWJ
1.27% Global ex US ACWI iS, ACWX
1.26% Technology SPDR, XLK
1.26% Blend Total Market VIPERs, VTI
1.21% Growth S&P 500/BARRA, IVW
1.21% European VIPERs, VGK
1.20% Emerging Markets, EEM
1.19% EAFE Index, EFA
1.19% South Korea Index, EWY
1.19% LargeCap Blend Russell 3000, IWV
1.19% Spain Index, EWP
1.15% Mexico Index, EWW
1.15% Dividend High Yield Equity PS, PEY
1.14% Value 1000 Russell, IWD
1.14% LargeCap 1000 R, IWB
1.12% LargeCap VIPERs, VV
1.12% Value EAFE MSCI, EFV
1.11% EMU Europe Index, EZU
1.11% Growth 1000 Russell, IWF
1.08% Dividend International, PID
1.07% S&P 500 SPDRs LargeCap Blend, SPY
1.06% Emerging 50 BLDRS, ADRE
1.04% Consumer Discretionary SPDR, XLY
1.02% S&P 500 iS LargeCap Blend, IVV
1.01% Latin Am 40, ILF
0.99% Europe 350 S&P Index, IEV
0.98% Dividend SPDR, SDY
0.98% Value VIPERs, VTV
0.98% Transportation Av DJ, IYT
0.90% Industrial SPDR, XLI
0.90% India Earnings WTree, EPI
0.88% LargeCap Blend S&P 100, OEF
0.88% Value S&P 500 B, IVE
0.87% Sweden Index, EWD
0.84% Dividend DJ Select, DVY
0.82% Global 100, IOO
0.77% Utilities VIPERs, VPU
0.74% WilderHill Clean Energy PS, PBW
0.74% India PS, PIN
0.73% Value LargeCap Dynamic PS, PWV
0.72% Netherlands Index, EWN
0.69% Dividend Appreciation Vipers, VIG
0.67% Germany Index, EWG
0.66% Belgium Index, EWK
0.66% Gold Shares S.T., GLD
0.64% Malaysia Index, EWM
0.62% Health Care SPDR, XLV
0.60% DIAMONDS (DJIA), DIA
0.59% Bond, 20+ Years Treasury, TLT
0.56% Utilities SPDR, XLU
0.54% Bond EmrgMkt JPM iS, EMB
0.51% Switzerland Index, EWL
0.51% Consumer Staples SPDR, XLP
0.48% Indonesia MV, IDX
0.47% Bond, Corp, LQD
0.43% Bond, High-Yield Junk, JNK
0.36% Austria Index, EWO
0.33% Bond, TIPS, TIP
0.32% Bond, 10 Year Treasury, IEF
0.31% Bond, High-Yield Corporate, HYG
0.27% Bond, Aggregate, AGG
0.22% Financial Preferred, PGF
0.20% Preferred Stock iS, PFF
0.16% Bond Muni ATM-Free S&P iS, MUB
0.14% Bond Ex-US Treas, BWX
0.12% Brazil Index, EWZ
0.02% Bond, 1-3 Year Treasury, SHY
0.02% Bond Treasury Short-Term iS, SHV