After the 4:00 p.m. stock market close, Fed Chairman Ben Bernanke said, “Highly accommodative monetary policy for the foreseeable future is what’s needed in the U.S. economy.” Fed watchers took this to mean that Bernanke wants to calm market anxieties about raising interest rates and intends to continue to buy bonds. The markets’ ability to capitalize on this good news in days ahead might be good tests of their underlying strength.
U.S. stock indexes remain in short-term, minor uptrends. Stock indexes opened higher again on Wednesday–and again most managed to close slightly higher than their opening prices, above their highest levels of the previous 14 trading days, and above their 50-day SMAs.
The S&P 500 Composite Index (SPX: 1,652.62) finished higher by 0.02%. On Monday, SPX closed above the Fibonacci 61.8% retracement resistance at 1,638.72, based on the May-June decline. The next Fibonacci ratio resistance is at SPX 1,660.03, the 78.6% retracement of the SPX May-June decline.
The Cumulative Up-Down Volume Line on the NYSE declined modestly on Wednesday but remained above its 50-day SMA.
The Cumulative Daily Advance-Decline Line on the NYSE rose further above its 50-day SMA to confirm the short-term, minor uptrends in the price indexes.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) is currently bullish. XLF/SPY rose above its 50-day SMA on 4/23/13, thereby turning systematically bullish. Longer term, although the XLF/SPY has moderately outperformed since the bottom on 3/6/09, it has substantially underperformed over the past 9 years, since 3/23/04, and the secular trend may be bearish still. Absolute price whipsawed back above the 50-day SMA on 6/26/13, thereby turning systematically bullish (from neutral). Support: 18.58, 18.48, 17.75, 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 20.35, 20.70, 24.50, and 28.17.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) is currently bullish. XLY/SPY turned systematically bullish (from neutral) on 6/13/13 when it whipsawed back above the 50-day SMA. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price whipsawed back above the 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral). Support: 53.96, 52.32, 51.95, 51.46, 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: none.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) is currently bullish. XLV/SPY whipsawed up and down through its 50-day SMA since 5/6/13, thereby going from systematically neutral to bullish repeatedly. In a broader context, however, XLV clearly has underperformed SPY since the XLV/SPY ratio peaked on 4/22/13. Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 46.45, 46.02, 44.22, 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: 49.13 and 50.40.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) is currently bullish. XLI/SPY whipsawed back up above its 50-day SMA on 5/17/13, thereby turning systematically bullish again (from neutral). Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 41.37, 40.90, 40.02, 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: 44.26 and 44.70.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) turned systematically bearish (from neutral) on 7/8/13, when the 50-day SMA fell below the 200-day SMA. Absolute price turned systematically bullish (from neutral) on 7/9/13, when it rose above its 50-day SMA. Support 38.87, 38.20, 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: 41.88 and 42.20.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) turned systematically bearish again (from neutral) on 7/10/13, when it fell back below its 50-day SMA. Long term, XLE/SPY has been trending down since the XLE/SPY ratio peaked on 3/30/11. Absolute price rose above its 50-day SMA on 7/8/13, thereby turning systematically bullish (from neutral). Support: 76.02, 73.51, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 81.90, 83.95, and 91.42.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) remains systematically bearish. XLKSPY has been trending down since it peaked on 4/10/12. Absolute price fell below its 50-day SMA on 6/20/13, thereby turning systematically neutral (from bullish). Support: 29.94, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 32.00, 32.31, 34.85, 36.40, and 39.07.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) remains systematically bearish. XLB/SPY fell to its lowest level in 6 years on 7/5/13, thereby confirming its long-term major downtrend. The XLB/SPY ratio has been trending down since it peaked on 6/23/2008. Absolute price fell below its 50-day SMA on 6/20/13, thereby turning systematically neutral (from bullish). Support: 37.78, 37.10, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 40.74, 41.10, 41.61, 43.04, 45.21, and 46.54.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) remains systematically bearish. XLU/SPY fell to its lowest level in 8 years on 7/5/13 and has been trending down since the XLU/SPY ratio peaked on 11/21/2008. Absolute price has been trending downward since it peaked on 4/30/13. Support: 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.45, 40.55, 41.44, 41.98, and 44.66.
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Stock Market Indicators
The Dow Theory confirmed a Secondary Reaction on 6/21/13, when the Dow-Jones Transportation Average and the Dow-Jones Industrial Average both closed below their price lows of the previous 7 weeks. Previously, on 5/28/13, the Dow Theory warned of a non-confirmation, bearish divergence when the Industrial Average rose to a higher high without confirmation by the Transportation Average, which made a lower high. A Secondary Reaction is often significant in extent and duration, possibly retracing a substantial fraction of the previous move over a period lasting several months.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) turned systematically neutral again (from bearish) on 7/10/13, when it crossed back up above its own 50-day SMA. Absolute price has been consolidating since peaking on 5/22/13.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its major downtrend. BKF/SPY turned systematically bearish on 3/27/13, when the 50-day SMA crossed below the 200-day SMA. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. Price peaked at 42.29 on 2/1/13 and fell to a 20-month low on 6/24/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its preexisting major downtrend. EEM/SPY turned systematically bearish on 3/20/13, when the 50-day SMA fell below the 200-day SMA. Price peaked at 45.34 on 1/2/13 and fell to a 19-month low on 6/24/13, confirming its bearish major trend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 10 years on 7/9/13, again reconfirming its preexisting major downtrend. The EFA/SPY 50-day SMA fell below the 200-day SMA on 5/24/13, thereby turning systematically bearish (from neutral).
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) remains systematically bearish. OEF/SPY has been in a down trend since 9/24/12. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other hand, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. IWM/SPY has been rising since 5/1/13. Absolute price crossed back above its 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral).
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. MDY/SPY crossed back above its 50-day SMA on 7/1/13. Absolute price crossed back above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral).
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price fell below its 50-day SMA on 5/10/13, thereby turning systematically bearish (from neutral). Long term, the 33-year trend is still indicating rising bond prices, however. An oversold bounce seems overdue after an unusually persistent selling wave since the first day of May. Support 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 114.77, 118.94, 121.32, 124.26, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) price turned systematically bearish (from neutral) on 6/24/13, when the 50-day SMA crossed below the 200-day SMA. Like the long bond, TLT, the 33-year trend is pointing upward for IEF price, and an oversold bounce seems overdue. Support 100.31, 99.79, and 97.66. Resistance: 107.62, 108.24, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) has been systematically bullish since 5/3/13, when the ratio crossed above its 50-day SMA. Absolute price of JNK turned bearish on 7/5/13, when the 50-day SMA crossed below the 200-day SMA.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) turned systematically bearish (from neutral) on 5/6/13, when the 50-day SMA crossed below the 200-day SMA. Absolute price of TIP peaked at 123.44 on 12/6/12 and turned systematically bearish on 5/3/13.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price fell steeply in afterhours trading on Wednesday. A test of the 50-day SMA appears to be near. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.82, 21.53, 21.07, and 20.84. Resistance 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the past 2 years on 7/5/13 and remains systematically bearish. Price has been trending down since peaking on 3/4/11.
Crude Oil, United States Oil ETF (USO) price broke out above its highs of the previous 14 months on 7/10/13, possibly suggesting a significant uptrend. Support 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price trend remains systematically bearish. Price fell below its lows of the previous 2 years on 6/28/13, thereby reconfirming its preexisting major bearish trend. GLD has been down trending since peaking at 185.85 on 9/6/11. Support: 113.08 and 102.28. Resistance: 137.62, 143.43, 149.44, 153.85, 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) has stayed systematically bearish most of the time since 12/27/12, when the 50-day SMA crossed below the 200-day SMA. Longer term, GDX/GLD has remained mostly bearish for more than 6 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price trend remains systematically bearish. Price fell below its lows of the previous 2 years on 6/27/13, again reconfirming its preexisting major bearish trend. The trend has been bearish since price peaked at 48.35 on 4/28/11. Support 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 22.65, 23.70, 25.34, 27.14, 27.35, 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 34.08, 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 2 years on 6/26/13, again reconfirming its major downtrend. SLV/GLD remains systematically bearish. SLV has underperformed GLD since SLV price peaked at 48.35 on 4/28/11.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) fell below its lows of the previous 2 years on 6/24/13, again reconfirming its major downtrend. The JJC price trend has been bearish since price peaked at 61.69 on 2/14/11. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, so price weakness in Copper implies a weak economic outlook.
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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 later revealed to be deal stocks 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
7.11% , FDO , FAMILY DLR STRS
14.33% , NIHD , NII Holdings, Inc.
4.72% , CTSH , Cognizant Technology Solutions
0.68% , EWQ , France Index, EWQ
5.03% , TER , TERADYNE
1.81% , HPQ , HEWLETT PACKARD
3.79% , AMGN , AMGEN
0.57% , BMC.O , BMC SOFTWARE
3.84% , MJN , Mead Johnson Nutrition
2.61% , SEE , SEALED AIR
1.22% , CR , CRANE
4.66% , WHR , WHIRLPOOL
0.42% , IGN , Networking, IGN
3.01% , WAG , WALGREEN
1.79% , USO , Oil, Crude, U.S. Oil Fund, USO
3.38% , LPX , LOUISIANA PAC
1.58% , PETM , PETsMART Inc
1.77% , CLF , CLIFFS NATURAL RESOURCES, CLF
1.52% , BF.B , BROWN FORMAN STK B
4.25% , LRCX , LAM RESEARCH CORP
1.60% , NOC , NORTHROP GRUMMAN
2.69% , DB , Deutsche Bank AG, DB
0.85% , CINF , CINCINNATI FIN
1.73% , GRMN , GARMIN LTD
1.28% , AEE , AMEREN
0.31% , DBC , Commodity Tracking, DBC
2.78% , DLTR , Dollar Tree Stores Inc
4.09% , AMAT , APPLIED MATERIAL
1.33% , CHKP , Check Point Software Technologies Ltd
2.95% , SHLD , SEARS HOLDINGS
1.39% , LNC , LINCOLN NATL
0.16% , SDY , Dividend SPDR, SDY
0.62% , SHW , SHERWIN WILLIAMS
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-7.21% , RSH , RADIOSHACK
-6.31% , NBR , NABORS
-2.82% , FAST , Fastenal Company
-4.24% , BBY , BEST BUY
-4.69% , MTG , MGIC INVESTMENT
-2.28% , SNV , SYNOVUS
-1.46% , PIN , India PS, PIN
-2.23% , HBAN , HUNTINGTON
-1.47% , LAMR , Lamar Advertising Company
-2.74% , EPU , Peru MSCI iS, EPU
-2.19% , PNC , PNC FINL SVC
-2.04% , NWSA , News Corporation, NWSA
-1.28% , XL , XL CAPITAL STK A
-1.90% , KSU , Kansas City Southern, KSU
-1.30% , DDS , DILLARD STK A
-2.14% , CMA , COMERICA
-0.97% , VWO , Emerging VIPERs, VWO
-1.31% , TROW , T ROWE PRICE GP
-0.81% , IYG , Financial Services DJ, IYG
-2.64% , MCO , MOODYS CORP
-0.75% , ROK , ROCKWELL AUTOMAT
-0.28% , IXC , Energy Global, IXC
-1.78% , BEN , FRANKLIN RSC
-0.87% , EWA , Australia Index, EWA
-1.71% , CB , CHUBB
-1.39% , APA , APACHE
-0.16% , MVV , Ultra MidCap400 Double, MVV
-0.59% , VDE , Energy VIPERs, VDE
-0.26% , KSS , KOHLS
-0.51% , TLH , Bond 10-20 Year US Treas, TLH
-1.41% , NUE , NUCOR
-1.30% , NSC , NORFOLK SOUTHERN
-0.27% , ADRE , Emerging 50 BLDRS, ADRE
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.79% , Oil, Crude, U.S. Oil Fund, USO
1.56% , Biotech SPDR, XBI
1.23% , China LargeCap Growth G D H USX PS, PGJ
1.12% , Netherlands Index, EWN
1.09% , Belgium Index, EWK
1.07% , Switzerland Index, EWL
1.03% , Semiconductor iS IGW, SOXX
0.89% , Germany Index, EWG
0.87% , Telecom DJ US, IYZ
0.72% , Sweden Index, EWD
0.71% , Europe 350 S&P Index, IEV
0.70% , Water Resources, PHO
0.70% , Semiconductor SPDR, XSD
0.70% , EMU Europe Index, EZU
0.69% , European VIPERs, VGK
0.68% , France Index, EWQ
0.67% , Health Care SPDR, XLV
0.59% , Metals & Mining SPDR, XME
0.58% , Italy Index, EWI
0.57% , QQQ Nasdaq 100 Trust, QQQ
0.56% , Microcap Russell, IWC
0.56% , Utilities SPDR, XLU
0.54% , WilderHill Clean Energy PS, PBW
0.53% , Utilities VIPERs, VPU
0.52% , Taiwan Index, EWT
0.51% , Bond, High-Yield Junk, JNK
0.48% , Technology DJ US, IYW
0.47% , Singapore Index, EWS
0.47% , Bond Ex-US Treas, BWX
0.46% , Info Tech VIPERs, VGT
0.44% , Preferred Stock iS, PFF
0.42% , Networking, IGN
0.40% , Bond, High Yield Corp iBoxx iS, HYG
0.34% , Growth SmallCap VIPERs, VBK
0.34% , Financial Preferred, PGF
0.32% , Technology SPDR, XLK
0.32% , Growth EAFE MSCI, EFG
0.31% , Commodity Tracking, DBC
0.30% , Indonesia MV, IDX
0.29% , Foreign LargeCap EAFE MSCI iS, EFA
0.28% , China 25 iS, FXI
0.28% , SmallCap Blend Russell 2000 iS, IWM
0.28% , United Kingdom Index, EWU
0.27% , Gold Shares S.T., GLD
0.27% , SmallCap Growth Russell 2000 iS, IWO
0.26% , Value EAFE MSCI, EFV
0.26% , SmallCap Value S&P 600 iS, IJS
0.23% , Growth MidCap Russell, IWP
0.23% , LargeCap Growth Russell 1000 iS, IWF
0.22% , Hong Kong Index, EWH
0.21% , Spain Index, EWP
0.20% , MidCap Russell, IWR
0.20% , SmallCap Value Russell 2000 iS, IWN
0.20% , Growth VIPERs, VUG
0.20% , Dividend U.S. DJ iS, DVY
0.17% , Global 100, IOO
0.17% , SmallCap Blend S&P 600 iS, IJR
0.16% , Small Cap VIPERs, VB
0.16% , Dividend SPDR, SDY
0.15% , LargeCap Growth S&P 500 iS, IVW
0.15% , Global ex U.S. LargeCap Blend, ACWX
0.14% , LargeCap Blend S&P=Weight R, RSP
0.12% , Consumer Staples SPDR, XLP
0.12% , Dividend International, PID
0.12% , Agriculture DB PS, DBA
0.11% , Oil Fund PowerShares, DBO
0.10% , Consumer Discretionary SPDR, XLY
0.10% , Homebuilders SPDR, XHB
0.10% , Global LargeCap Blend MSCI iS, ACWI
0.08% , Value MidCap Russell, IWS
0.08% , Canada Index, EWC
0.07% , LargeCap VIPERs, VV
0.07% , LargeCap Blend Russell 1000 iS, IWB
0.05% , LargeCap Blend Russell 3000 iS, IWV
0.05% , MidCap S&P 400 SPDRs, MDY
0.05% , Blend Total Market VIPERs, VTI
0.04% , REIT VIPERs, VNQ
0.04% , LargeCap Blend S&P 500 iS, IVV
0.04% , S&P 500 SPDRs LargeCap Blend, SPY
0.03% , SmallCap Growth S&P 600 iS, IJT
0.02% , MidCap Blend S&P 400 iS, IJH
0.01% , Dividend Appreciation Vipers, VIG
0.01% , MidCap Value S&P 400 iS, IJJ
0.00% , Bond Treasury Short-Term iS, SHV
0.00% , Bond, 1-3 Year Treasury, SHY
0.00% , Dividend ex-U.S. DJ iS, IDV
0.00% , Dividend High Yield Equity PS, PEY
0.00% , Real Estate US DJ iS, IYR
-0.02% , Industrial SPDR, XLI
-0.02% , SmallCap Blend EAFE MSCI iS, SCZ
-0.03% , Materials SPDR, XLB
-0.03% , Bear, Short S&P 500, SH
-0.04% , Value LargeCap Dynamic PS, PWV
-0.05% , DIAMONDS (DJIA), DIA
-0.05% , LargeCap Blend S&P 100, OEF
-0.06% , Austria Index, EWO
-0.06% , Malaysia Index, EWM
-0.07% , MidCap Growth S&P 400 iS, IJK
-0.07% , Value SmallCap VIPERS, VBR
-0.07% , Capital Markets KWB ST, KCE
-0.09% , REIT Wilshire, RWR
-0.11% , Realty Cohen & Steers, ICF
-0.11% , Value VIPERs, VTV
-0.13% , LargeCap Value S&P 500 iS, IVE
-0.14% , Bond, Muni S&P ATM-Free iS, MUB
-0.15% , LargeCap Value Russell 1000 iS, IWD
-0.26% , Bond, Intermediate US Aggregate iS, AGG
-0.27% , Emerging 50 BLDRS, ADRE
-0.28% , Energy Global, IXC
-0.29% , South Korea Index, EWY
-0.29% , Bond, Long-Term Corp iBoxx iS, LQD
-0.32% , Basic Materials DJ US, IYM
-0.34% , Bond, TIPS U.S. Treasury iS, TIP
-0.35% , Japan Index, EWJ
-0.36% , Bond, 10 Year Treasury, IEF
-0.40% , Energy & Nat Res iS GS, IGE
-0.44% , Pacific VIPERs, VPL
-0.48% , Silver Trust iS, SLV
-0.53% , Financials VIPERs, VFH
-0.55% , Financial DJ US, IYF
-0.56% , India Earnings WTree, EPI
-0.57% , Financial SPDR, XLF
-0.59% , Energy VIPERs, VDE
-0.60% , Energy DJ, IYE
-0.62% , Energy SPDR, XLE
-0.73% , Mexico Index, EWW
-0.73% , Pacific ex-Japan, EPP
-0.78% , Transportation Av DJ, IYT
-0.79% , Bond, 20+ Years Treasury, TLT
-0.81% , Financial Services DJ, IYG
-0.87% , Australia Index, EWA
-0.95% , Emerging Markets MSCI iS, EEM
-0.97% , Emerging VIPERs, VWO
-1.02% , Frontier Markets Guggenheim , FRN
-1.05% , Bond, Emerging Mkt JPM iS, EMB
-1.07% , Brazil Index, EWZ
-1.22% , Russia MV, RSX
-1.41% , Latin Am 40, ILF
-1.46% , India PS, PIN
-1.64% , Chile MSCI iS, ECH
-1.66% , South Africa Index, EZA
-1.88% , Thailand MSCI iS, THD
-3.20% , Turkey MSCI iS, TUR
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The S&P 500 Composite Potential Resistance
1687.18, high of 5/22/2013
1674.21, high of 5/28/2013
1660.03, Fib 78.6% of May-June 2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
The S&P 500 Composite Potential Support
1638.72, Fib 61.8% of May-June 2013
1629.43, 50-day SMA
1606.04, Fib 23.6% of Nov-May 2013
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1516.66, 200-day SMA
1515.27, Fib 50% of Nov-May 2013
1485.01, low of 2/26/2013
1474.69, Fib 61.8% of Nov-May 2013
1474.51, high of 9/14/2012
1468.82, Fib 78.6% of 2009-13 range
1451.64, low on 1/8/2013
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
1416.93, Fib 79.6% of Nov-May 2013
1415.32, high of 5/1/2012
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.58, low of 12/28/12
1398.11, low of 12/31/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1343.35, low of 11/16/2012
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1306.62, low of 6/12/2012
1297.39, Fib 61.8% of 2009-13 range
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
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 11/3/2011
1231.04, high of 12/16/2011
1228.74, Fibonacci 61.8% of 2007-2009 range
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1176.99, Fib 50% of 2009-13 range
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1056.58, Fib 38.2% of 2009-13 range
1074.77, low of 10/4/2011
1014.14, Fibonacci 38.2% of 2007-2009 range
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
907.60, Fib 23.6% of 2009-13 range
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
