S&P 500 Composite (SPX, 1,305.14) fell 14.54 points or 1.10%, on Monday 4/18/11. It was the biggest single-day loss in more than a month. SPX fell below the lows of the previous 17 trading days and fell below the widely-followed 50-day simple moving average trading days on 4/18/11, confirming a downtrend for the short term. Trading volume on the NYSE rose 16% to confirm the price downtrend.
The intermediate-term stock market trend appears uncertain.
Consumer Discretionary, Consumer Staples, and Health Care SPDR stock sector ETF Rankings have improved–relative to the other sectors–indicating a shift toward defensive stocks less sensitive to economic cycles.
Financial SPDR stock sector ETF Relative Strength Ratio (XLF/SPY) fell below 4-month lows and remains bearish.
U.S. Treasury Bond rose above previous 3-week highs and remains above a 4-week downtrend line, indicating a short-term uptrend, at least. Furthermore, the Bond could be building an intermediate-term bullish base since the low of 2/9/10. In its favor, nearly everyone has been talking bearish this year, so the Bond could be oversold.
Silver and Gold rose to new highs, again reconfirming major uptrends.
Silver/Gold Ratio rose above 27-year highs, again reconfirming its preexisting bullish major trend.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) is bearish. It crossed below the 50-day SMA, remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.
Copper fell below the lows of the previous 4 weeks, confirming a short-term downtrend. Copper weakness suggests doubts about the economic outlook.
The U.S. dollar rose above 6-day highs, possibly suggesting a minor short-term bounce.
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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
3.99% , GCI , GANNETT
1.72% , GWW , WW GRAINGER
2.37% , DXD , Short 200% Dow 30 PS, DXD
1.15% , LNCR , Lincare Holdings Inc
1.70% , MYY , Short 100% MidCap 400, MYY
2.13% , SDS , Short 200% S&P 500 PS, SDS
0.27% , TLH , Bond 10-20 Year US Treas, TLH
2.29% , MAR , MARRIOTT INTL STK A
1.17% , DOG , Short 100% Dow 30, DOG
1.02% , NYT , NY TIMES STK A
1.09% , SH , Short 100% S&P 500, SH
1.32% , HOT , STARWOOD HOTELS
1.41% , QID , Short 200% QQQ PS, QID
2.68% , RIMM , RESEARCH IN MOTION LTD
1.34% , AAPL , APPLE COMPUTER
2.18% , MTB , M&T BANK
1.38% , SLV , Silver Trust iS, SLV
0.63% , IGT , INTL GAME TECH
1.21% , DHI , D.R. HORTON, DHI
0.68% , HAL , HALLIBURTON
3.48% , MZZ , Short 200% MidCap 400 PS, MZZ
0.66% , GT , GOODYEAR TIRE
0.30% , BBT , BB&T
0.67% , PSQ , Short 100% QQQ, PSQ
0.17% , AGG , Bond, Aggregate, AGG
0.26% , BA , BOEING
0.56% , SWY , SAFEWAY
0.33% , BHI , BAKER HUGHES
0.14% , GVI , Bond Interm U.S. Gov, GVI
0.26% , PHM , PULTE HOMES
0.24% , KMB , KIMBERLY CLARK
0.19% , OMC , OMNICOM
0.23% , TLT , Bond, 20+ Years Treasury, TLT
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.21% , SWH , Software H, SWH
-1.32% , PWO , OTC Dynamic PS, PWO
-1.78% , PBE , Biotech & Genome, PBE
-1.13% , PEY , Dividend High Yield Equity PS, PEY
-1.26% , IGN , Networking, IGN
-1.24% , RPV , Value S&P 500, RPV
-1.43% , JKJ , SmallCap Core iS M, JKJ
-1.75% , KCE , Capital Markets KWB ST, KCE
-3.09% , PSTL , Steel Global PS ETF, PSTL
-2.01% , ADRA , Asia 50 BLDRS, ADRA
-1.71% , MDY , MidCap S&P 400 SPDRs, MDY
-0.84% , IYC , Consumer Cyclical DJ, IYC
-1.45% , FPX , IPOs, First Tr IPOX-100, FPX
-1.69% , PSI , Semiconductors, PSI
-1.53% , JKH , MidCap Growth iS M, JKH
-1.32% , PID , Dividend International, PID
-3.09% , EZU , EMU Europe Index, EZU
-1.17% , PJP , Pharmaceuticals, PJP
-1.28% , JKG , MidCap Blend Core iS M, JKG
-1.72% , PWC , LargeCap Blend Dynamic PS, PWC
-1.38% , IYG , Financial Services DJ, IYG
-1.30% , EIS , Israel MSCI iS, EIS
-1.64% , XSD , Semiconductor SPDR, XSD
-1.16% , PWY , Value SmallCap Dynamic PS, PWY
-1.43% , IWC , Microcap Russell, IWC
-3.54% , KWT , Solar Energy MV, KWT
-1.08% , XLG , LargeCap Rydex Rus Top 50, XLG
-4.13% , TUR , Turkey MSCI iS, TUR
-1.70% , VOX , Telecom Services VIPERs, VOX
-1.80% , PMCS , PMC SIERRA
-1.62% , SCZ , Small Cap EAFE MSCI iS, SCZ
-3.09% , CAT , CATERPILLAR
-0.80% , ITF , Japan LargeCap Blend TOPIX 150, ITF
9 major U.S. stock sectors ranked in order of long-term relative strength:
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) crossed below its 50-day simple moving average on 4/12/11, thereby turning neutral. In addition, absolute price of XLE crossed below its 50-day simple moving average on 4/12/11, thereby turning 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 Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) rose above 5-week highs on 4/18/11 and appears relatively bullish based on moving averages. Absolute price, however, fell below 2-week lows on 4/18/11 and remains neutral. Support 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 39.79, 40.02, 40.13, and 40.70.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) crossed below its 50-day simple moving average on 4/14/11, thereby turning neutral. Absolute price crossed below its 50-day simple moving average on 4/13/11, thereby turning neutral. Support 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 38.22, 39.02, and 39.97.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) and absolute price have fallen steeply since its peaks on 4/5/11. 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.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above 3-month highs on 4/15/11 but remains neutral, based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price rose above 12-year highs on 4/14/11 and 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: 30.90.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) rose above 3-month highs on 4/15/11 but 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 33.23, 32.57, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 34.15, 34.71, 36.61, and 37.89.
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 fell below 14-week lows on 3/16/11 and remains neutral. Support 24.87, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 26.24, 26.66, 27.09, 27.43, 27.63, and 28.60.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 4-month lows on 4/18/11 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.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) rose above the highs of the previous 4 weeks and rose above is 50-day SMA on 4/15/11, turning neutral. Absolute price remains neutral. Support 31.20, 30.74, 30.53, 29.66, 27.91, 27.44, and 25.76. Resistance 32.26, 32.89, 33.00, 34.89, and 36.24.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) remains neutral, with the 50-day SMA 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 whipsawed above and below its 50-day SMA in recent weeks and is best classified as neutral.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows on 4/15/11, again reconfirming its preexisting bearish major trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above all-time highs on 4/5/11, thereby reconfirming its preexisting bullish major trend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs on 4/5/11, thereby reconfirming its preexisting bullish major trend.
Crude Oil nearest futures contract price fell below the previous day’s low on 4/18/11. Oil fell below the lows of the previous 7 trading days on 4/12/11. Call Oil uncertain for the short term, possibly toppy. Support 105.31, 102.70, 97.02, 96.22, 95.14, 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 113.46, 120.42, 130.0, and 147.27.
Gold nearest futures contract price rose above all-time highs on 4/18/11, again reconfirming its major uptrend. 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: none.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) is bearish. It 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 rose above 31-year highs on 4/18/11, again reconfirming a bullish major trend. Support 39.70, 39.12, 37.08, 36.43, 33.565, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 50.35.
Silver/Gold Ratio rose above 27-year highs on 4/18/11, again reconfirming its preexisting bullish major trend.
Copper nearest futures contract price fell below the lows of the previous 4 weeks on 4/18/11, confirming a short-term downtrend. Copper appears to be in an intermediate-term consolidation since peaking at 4.6575 on 2/15/11. Strength in Copper suggests confidence in the economic outlook, while weakness suggests doubts. Support 4.212, 4.076, 3.9795, 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 previous 3-week highs on 4/18/11 and remains above a 4-week downtrend line, indicating a short-term uptrend, at least. Furthermore, the Bond could be building an intermediate-term bullish base since the low of 2/9/10. In its favor, nearly everyone has been talking bearish this year, so the Bond could be oversold. Support 119.15, 117.28, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 122.08, 123.22, 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) has been stuck in a neutral trading range most of the time since peaking on 2/8/11.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose further above 2-year highs on 4/8/11. The Ratio has been in a rising trend since making a low on 8/24/10. This rising Relative Strength Ratio reflects fixed-income investors’ preference for inflation-protected TIPs over the unprotected 7-10 Year U.S. Treasury Note ETF (IEF) since 8/24/10.
The U.S. dollar nearest futures contract price rose above 6-day highs on 4/18/11, possibly suggesting a minor short-term bounce. But USD fell below the lows of the previous 15 months on 4/14/11, again reconfirming a long-term, major downtrend. Support 74.27 and 70.80. Resistance 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 now stands at 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 8-week range on 4/15/11, hitting 14.92 intraday, and again confirming a return to 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 4/4/11, 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.
The SPX and other large cap indexes failed to close above closing price highs of the previous 2-years and, therefore, did not confirm the recent 2-year highs (set on 4/4/11) for the Dow-Jones Industrials and Transports, both of which are now trading below their February highs, casting doubt on the validity of the recent upside range breakout.
Volume remained at low levels as price rebounded from its low of 3/16/11, possibly reflecting trader hesitation to chase prices higher.
Financial stocks have been underperforming over the past 3 months, suggesting possible trouble in that key sector.
Many stock price patterns from the low of 3/16/11 resemble Bearish Rising Wedges, which are unsustainable countertrend rallies against the larger trends.
The latest survey of Advisory Service Sentiment from Investors Intelligence shows bullish opinion at the upper extreme of its 20-year range, which is bearish according to The Art of Contrary Thinking. When the majority is already very bullish, we can assume that the majority is already fully invested in the market and there are relatively few potential buyers, so prices are likely to go down.
The short-term trend (which changes very frequently, every few days to every few weeks) had been up for 3 weeks from 3/16/11 to 4/6/11, driven by short covering, general expectations of rising corporate profits, and merger activity. This is typical late-cycle behavior. After two years of bull trend that has doubled stock prices from their 2009 lows, it is only prudent to focus on protecting your capital.
S&P 500 Composite (SPX, 1,305.14) fell 14.54 points or 1.10%, on Monday 4/18/11. It was the biggest single-day loss in more than a month. SPX fell below the lows of the previous 17 trading days and fell below the widely-followed 50-day simple moving average trading days, confirming a downtrend for the short 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
1339.46, high of 4/8/11
1323.74, Fibonacci 78.6% of 2011 range
S&P 500 Cash Index Potential Support
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
1.38% Silver Trust iS, SLV
0.61% Gold Shares S.T., GLD
0.30% Agriculture DB PS, DBA
0.25% Bond, 10 Year Treasury, IEF
0.23% Bond, 20+ Years Treasury, TLT
0.17% Bond, Aggregate, AGG
0.14% Bond Muni ATM-Free S&P iS, MUB
0.14% Bond, Corp, LQD
0.03% Bond, TIPS, TIP
0.02% Bond, 1-3 Year Treasury, SHY
0.01% Bond Treasury Short-Term iS, SHV
-0.13% Bond EmrgMkt JPM iS, EMB
-0.15% Preferred Stock iS, PFF
-0.30% Japan Index, EWJ
-0.33% Financial Preferred, PGF
-0.35% Bond, High-Yield Corporate, HYG
-0.41% Malaysia Index, EWM
-0.49% Bond, High-Yield Junk, JNK
-0.55% Consumer Staples SPDR, XLP
-0.58% Bond Ex-US Treas, BWX
-0.59% Homebuilders SPDR, XHB
-0.61% Commodity Tracking, DBC
-0.70% Thailand MSCI iS, THD
-0.71% QQQ Nasdaq 100 Trust, QQQ
-0.77% Technology DJ US, IYW
-0.86% Pacific VIPERs, VPL
-0.87% Utilities SPDR, XLU
-0.89% Consumer Discretionary SPDR, XLY
-0.89% Technology SPDR, XLK
-0.90% REIT VIPERs, VNQ
-0.92% Info Tech VIPERs, VGT
-0.92% Hong Kong Index, EWH
-0.94% China LargeCap Growth G D H USX PS, PGJ
-0.95% Utilities VIPERs, VPU
-0.95% Growth VIPERs, VUG
-0.96% Growth S&P 500/BARRA, IVW
-0.99% Real Estate US DJ, IYR
-1.00% Biotech SPDR, XBI
-1.00% Growth 1000 Russell, IWF
-1.00% Realty Cohen & Steers, ICF
-1.04% REIT Wilshire, RWR
-1.06% Canada Index, EWC
-1.10% LargeCap Blend S&P 100, OEF
-1.11% Dividend SPDR, SDY
-1.12% Health Care SPDR, XLV
-1.12% S&P 500 SPDRs LargeCap Blend, SPY
-1.12% LargeCap VIPERs, VV
-1.13% Dividend DJ Select, DVY
-1.13% Dividend High Yield Equity PS, PEY
-1.15% Dividend Appreciation Vipers, VIG
-1.16% LargeCap 1000 R, IWB
-1.17% Value LargeCap Dynamic PS, PWV
-1.18% S&P 500 iS LargeCap Blend, IVV
-1.18% DIAMONDS (DJIA), DIA
-1.18% LargeCap Blend Russell 3000, IWV
-1.20% Blend Total Market VIPERs, VTI
-1.22% Financials VIPERs, VFH
-1.25% Financial DJ US, IYF
-1.25% LargeCap Blend S&P=Weight R, RSP
-1.26% Networking, IGN
-1.29% Growth MidCap Russell, IWP
-1.30% Value S&P 500 B, IVE
-1.31% Value VIPERs, VTV
-1.31% MidCap Russell, IWR
-1.32% Value 1000 Russell, IWD
-1.32% Dividend International, PID
-1.32% Australia Index, EWA
-1.34% Frontier Markets Guggenheim , FRN
-1.36% Financial SPDR, XLF
-1.38% Financial Services DJ, IYG
-1.40% Materials SPDR, XLB
-1.40% Value MidCap Russell, IWS
-1.41% Transportation Av DJ, IYT
-1.43% Industrial SPDR, XLI
-1.43% Microcap Russell, IWC
-1.43% Growth BARRA Small Cap 600, IJT
-1.43% Basic Materials DJ US, IYM
-1.44% Value SmallCap VIPERS, VBR
-1.45% Value SmallCap Russell 2000, IWN
-1.45% Small Cap VIPERs, VB
-1.46% Value SmallCap S&P 600 B, IJS
-1.47% SmallCap S&P 600, IJR
-1.49% Energy SPDR, XLE
-1.52% Energy DJ, IYE
-1.53% Taiwan Index, EWT
-1.56% Energy & Nat Res iS GS, IGE
-1.59% Pacific ex-Japan, EPP
-1.60% Growth SmallCap VIPERs, VBK
-1.62% Small Cap EAFE MSCI iS, SCZ
-1.63% Growth EAFE MSCI, EFG
-1.64% Value MidCap S&P 400 B, IJJ
-1.64% Energy VIPERs, VDE
-1.64% Semiconductor SPDR, XSD
-1.65% SmallCap Russell 2000, IWM
-1.68% Growth MidCap 400 B, IJK
-1.69% Growth SmallCap R 2000, IWO
-1.70% MidCap S&P 400 iS, IJH
-1.70% Singapore Index, EWS
-1.71% MidCap S&P 400 SPDRs, MDY
-1.75% Capital Markets KWB ST, KCE
-1.77% Belgium Index, EWK
-1.77% Energy Global, IXC
-1.78% South Korea Index, EWY
-1.79% Semiconductor iS IGW, SOXX
-1.80% United Kingdom Index, EWU
-1.80% Global 100, IOO
-1.87% Telecom DJ US, IYZ
-1.90% Oil, Crude, U.S. Oil Fund, USO
-1.91% Switzerland Index, EWL
-1.93% Brazil Index, EWZ
-1.96% Oil Fund PowerShares, DBO
-1.97% China 25 iS, FXI
-1.97% Water Resources, PHO
-1.97% Metals & Mining SPDR, XME
-1.98% India PS, PIN
-1.98% Global ex US ACWI iS, ACWX
-1.99% Indonesia MV, IDX
-2.01% Chile MSCI iS, ECH
-2.05% EAFE Index, EFA
-2.06% Emerging 50 BLDRS, ADRE
-2.09% India Earnings WTree, EPI
-2.12% Latin Am 40, ILF
-2.14% Value EAFE MSCI, EFV
-2.28% WilderHill Clean Energy PS, PBW
-2.32% Emerging VIPERs, VWO
-2.42% Silver Miners Global X, SIL
-2.50% European VIPERs, VGK
-2.51% Emerging Markets, EEM
-2.52% Europe 350 S&P Index, IEV
-2.63% Mexico Index, EWW
-2.68% Netherlands Index, EWN
-2.84% Spain Index, EWP
-2.89% South Africa Index, EZA
-2.95% Austria Index, EWO
-3.09% EMU Europe Index, EZU
-3.11% Germany Index, EWG
-3.12% Sweden Index, EWD
-3.24% France Index, EWQ
-3.50% Italy Index, EWI
-4.02% Russia MV, RSX
-4.13% Turkey MSCI iS, TUR
