iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) and Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) both fell below their lows of the previous 4 years on 6/14/13, reconfirming their preexisting major downtrends.
U.S. stocks tried to rally early on Friday but reversed to the downside after the first half hour. Prices closed below Thursday’s close, below Friday’s open, and near their lowest levels of the day.
The S&P 500 Composite Index (SPX: 1,626.73) finished down 0.59% but continues to hold support around its widely-followed 50-day SMAs, now at 1613.15. The Cumulative Daily Advance-Decline Line on the NYSE fell moderately and remains relatively weak below its 50-day SMA, however, thereby demonstrating bearish divergence compared to the S&P 500.
NYSE Volume fell 14% from the previous trading day and now stands at its lowest level since 5/24/13, possibly indicating doubts about a market price trend that appears to have stalled out and sagged lower in recent weeks.
There has been considerable technical damage to the bullish trend, damage that appears to be limiting upside potential for the stock market. A wide variety of technical oscillators have lost substantial upside momentum.
The S&P 500 fell 3.6% from 5/21/13 to 6/5/13, based on closing prices. That was the largest down wave since last September-November. It also was the longest in time, lasting 10 trading days. The magnitude and duration of that price decline might be telling us that this time is different from all previous minor price corrections since last November.
Despite months of technical divergences and a clear loss of upside momentum in recent weeks, the great majority of investors remain bullishly complacent. The Bullish Majority has been assuming (hoping) that the stock market will again find its old bullish resilience, that bullish momentum will again “feed on itself”, and the “Buy-the-Dip” mentality won’t quit until the Fed quits its “highly accommodative monetary policy”. The longer stock prices flounder around without making upside progress, or even sag lower, the less patience investors might have for holding stocks that have already had big price run-ups and may be beginning to give up some of those gains.
Following a persistent trend, investors typically overestimate the market’s ability to continue in that same trend direction, while underestimating risks of trend reversal and the natural tendency of all markets to move both up and down, going from overbought to oversold, just as they always have.
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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) whipsawed back above its 50-day SMA on 4/23/13, thereby turning systematically bullish again. 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 has remained systematically bullish the great majority of the time since 6/29/12: above its 50-day SMA, above its 200-day SMA, and with the 50-day SMA above the 200-day SMA. Support: 19.22, 19.11, 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.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) whipsawed back down below its 50-day SMA on 5/29/13, thereby turning systematically neutral again (from bullish). XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically bullish (from neutral) on 6/6/13, when it whipsawed back up above its 50-day SMA. Support: 47.16, 46.76, 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: 50.40.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (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 turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/16/11. Support: 54.92, 54.26, 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: 58.09.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) whipsawed back up above its 50-day SMA on 5/17/13, thereby turning systematically bullish again (from neutral). Absolute price turned systematically bullish (from neutral) on 4/25/13, when it rose above the 50-day SMA. Support: 42.55, 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: 44.70.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) turned systematically neutral (from bullish) on 5/6/13 when it crossed below the 50-day SMA. Absolute price turned systematically neutral (from bullish) on 5/31/13, when it fell below its 50-day SMA. Support 39.68, 39.50, 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) whipsawed back down below its 50-day SMA on 6/10/13, thereby turning systematically bearish again (from neutral). XLE/SPY has whipsawed up and down through its 50-day SMA since 5/20/13, thereby going from systematically bearish to neutral and back to bearish repeatedly. XLE absolute price turned systematically bullish (from neutral) on 5/2/13 when it whipsawed back above the 50-day SMA. Price remains above the 200-day SMA, and the 50-day SMA remains above the 200-day SMA. Support: 79.10, 76.96, 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: 81.68, 83.95, and 91.42.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) whipsawed up and down through its 50-day SMA since 5/2/13, thereby going from systematically bearish to neutral repeatedly. Longer term, XLK/SPY has been systematically bearish the great majority of the time since 11/6/2012. XLK absolute price turned systematically bullish (from neutral) on 4/25/13, when it rose above the 50-day SMA. Price remains above the 200-day SMA, and the 50-day SMA remains above the 200-day SMA. Support: 31.11, 30.67, 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: 31.93, 32.31, 34.85, 36.40, and 39.07.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) whipsawed back down below its 50-day SMA on 6/5/13, thereby turning systematically bearish (from neutral). XLB absolute price turned systematically bullish again (from neutral) on 6/13/13, when it whipsawed back above the 50-day SMA. Subjectively, however, price still looks neutral. Support: 39.36, 38.67, 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: 40.53, 41.61, 43.04, 45.21, and 46.54.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below its lows of the previous 2 years on 5/29/13, thereby confirming its preexisting major downtrend. XLU/SPY turned systematically bearish on 5/6/13, when it crossed below both its 50-day SMA and 200-day SMA. Absolute price fell below its 50-day SMA on 5/22/13, thereby turning systematically neutral (from bullish). Support: 37.20, 36.78, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.21, 40.55, 41.44, 41.98, and 44.66.
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Stock Market Indicators
The Dow Theory confirmed a Primary Tide Bull Market most recently on 5/17/13, when the Dow-Jones Transportation Average and the Dow-Jones Industrial Average both closed at new price highs. On 5/28/13, however, the Industrial Average rose to a higher high without confirmation by the Transportation Average, which made a lower high.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) fell back down below its 50-day SMA on 6/13/13, thereby turning systematically bearish (from neutral) again. Longer term, QQQ has underperformed SPY since 4/10/12, and so I previously warned “that Relative Strength downtrend will probably resume.”
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 6/14/13, 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 6-month low on 6/12/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 6/14/13, 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 7-month low on 6/12/13, confirming its bearish major trend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 9 months on 6/11/13. 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) whipsawed back down below its 50-day SMA on 6/14/13, thereby turning systematically bearish again (from neutral). 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) whipsawed back up above its 50-day SMA on 5/28/13, thereby turning systematically bullish again (from neutral). Absolute price has stalled out since peaking on 5/22/13.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 5 months on 6/12/13–an obvious sign of weakness. MDY/SPY has been systematically neutral since it broke down below its 50-day SMA on 6/3/13. Absolute price has stalled out since peaking on 5/22/13.
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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. Support 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 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 neutral (from bullish) on 5/17/13, when it whipsawed back down below the 50-day SMA. Support 104.22, 103.90, 102.51, 101.77, 101.36, 101.11, 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) whipsawed back above its 50-day SMA on 5/3/13, thereby turning systematically bullish (from neutral). JNK/LQD has been neutral for most of the past 3 years.
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 below its lows of the previous 3 months on 6/13/13, confirming its preexisting downside correction. Price turned systematically neutral (from bullish) on 6/3/13, when it fell below the 50-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.53, 21.07, and 20.84. Resistance 22.96, 22.69, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price whipsawed back down below its 50-day SMA on 6/10/13, thereby turning systematically bearish (from neutral).
Crude Oil, United States Oil ETF (USO) price has been consolidating losses in a choppy, sideways trend for 4 years, whipsawing around both the 50-day SMA and 200-day SMA. The 50-day SMA has remained below the 200-day SMA consistently every day since 4/18/13. Support 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 34.86, 35.53, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 2 years on 4/15/13, thereby reconfirming its preexisting major bearish trend. Price turned systematically bearish on 2/22/13, when the 50-day SMA fell below the 200-day SMA. Longer term, GLD has been mostly bearish since peaking at 185.85 on 9/6/11. Support: 130.51. Resistance: 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 fell below its lows of the previous 2 years on 6/11/13, again reconfirming its preexisting major bearish trend. Price turned systematically bearish on 3/1/13, when the 50-day SMA fell below the 200-day SMA. Longer term, SLV has been mostly bearish since peaking at 48.35 on 4/28/11. Support 20.73, and 19.44. Resistance: 22.65, 23.70, 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 6/7/13, again reconfirming its major downtrend. SLV/GLD remains systematically bearish.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) is systematically bearish. Price has stayed systematically bearish most of the time since 4/4/13, when the 50-day SMA crossed below the 200-day SMA. Longer term, JJC has been mostly bearish since peaking 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
1.19% , USO , Oil, Crude, U.S. Oil Fund, USO
2.23% , SPLS , STAPLES
1.58% , BCR , C R BARD
1.06% , APD , AIR PRODS & CHEM
0.83% , FDO , FAMILY DLR STRS
0.44% , PETM , PETsMART Inc
0.22% , GVI , Bond Interm U.S. Gov, GVI
1.37% , DXD , Short 200% Dow 30 PS, DXD
1.05% , PX , PRAXAIR
0.67% , PCG , PG&E
0.76% , NEE , NextEra Energy Resources LLC
0.39% , MCK , MCKESSON CORP
0.42% , DISCA , Discovery Communications
0.62% , CL , COLGATE
0.40% , PNW , PINNACLE WEST
0.57% , EMB , Bond EmrgMkt JPM iS, EMB
0.19% , SNA , SNAP ON
1.18% , JNY , JONES APPAREL
1.04% , NI , NISOURCE
1.11% , WHR , WHIRLPOOL
0.75% , BRCM , BROADCOM STK A
0.97% , DHI , D.R. HORTON, DHI
0.38% , TUR , Turkey MSCI iS, TUR
1.98% , THD , Thailand MSCI iS, THD
0.08% , ERIC.O , LM Ericsson Telephone Company
0.15% , EWS , Singapore Index, EWS
0.45% , ED , CON ED
0.03% , PFE , PFIZER
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.24% , JCP , JC PENNEY
-3.92% , BC , BRUNSWICK
-0.85% , IJT , Growth BARRA Small Cap 600, IJT
-1.03% , IJS , Value SmallCap S&P 600 B, IJS
-4.42% , MNST , Monster Beverage, MNST
-5.13% , CLF , CLIFFS NATURAL RESOURCES, CLF
-0.64% , IGM , Technology GS, IGM
-3.09% , CECO , CAREER EDUCATION CORP
-0.87% , EWN , Netherlands Index, EWN
-1.19% , ACWX , Global ex US ACWI iS, ACWX
-1.36% , AMP , Ameriprise Financial Inc.
-0.77% , PGJ , China LargeCap Growth G D H USX PS, PGJ
-0.68% , VBR , Value SmallCap VIPERS, VBR
-2.01% , DB , Deutsche Bank AG, DB
-1.02% , EWP , Spain Index, EWP
-0.54% , IWV , LargeCap Blend Russell 3000, IWV
-0.83% , VGK , European VIPERs, VGK
-2.98% , AXP , AMERICAN EXPRESS
-0.36% , VBK , Growth SmallCap VIPERs, VBK
-0.50% , PBJ , Food & Beverage, PBJ
-0.66% , VTV , Value VIPERs, VTV
-0.39% , LTD , LIMITED BRANDS
-0.74% , IEV , Europe 350 S&P Index, IEV
-1.11% , KCE , Capital Markets KWB ST, KCE
-2.75% , FXI , China 25 iS, FXI
-1.44% , VWO , Emerging VIPERs, VWO
-1.63% , EWT , Taiwan Index, EWT
-2.53% , KEY , KEYCORP
-0.57% , IYT , Transportation Av DJ, IYT
-0.49% , VB , Small Cap VIPERs, VB
-0.77% , IVE , Value S&P 500 B, IVE
-1.72% , AET , AETNA
-0.89% , AEP , AM ELEC POWER
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.98% , Thailand MSCI iS, THD
1.38% , Silver Trust iS, SLV
1.19% , Oil, Crude, U.S. Oil Fund, USO
0.87% , Oil Fund PowerShares, DBO
0.82% , Preferred Stock iS, PFF
0.69% , Indonesia MV, IDX
0.62% , Bear, Short S&P 500, SH
0.57% , Bond, Emerging Mkt JPM iS, EMB
0.52% , Gold Shares S.T., GLD
0.44% , Bond Ex-US Treas, BWX
0.42% , Commodity Tracking, DBC
0.38% , REIT Wilshire, RWR
0.38% , Turkey MSCI iS, TUR
0.37% , REIT VIPERs, VNQ
0.37% , Sweden Index, EWD
0.32% , Realty Cohen & Steers, ICF
0.28% , Russia MV, RSX
0.25% , Real Estate US DJ iS, IYR
0.22% , Financial Preferred, PGF
0.15% , Singapore Index, EWS
0.14% , Utilities SPDR, XLU
0.13% , Bond, 10 Year Treasury, IEF
0.12% , Utilities VIPERs, VPU
0.12% , Bond, High Yield Corp iBoxx iS, HYG
0.07% , Bond, 1-3 Year Treasury, SHY
0.07% , Bond, Muni S&P ATM-Free iS, MUB
0.06% , India PS, PIN
0.03% , Bond, Intermediate US Aggregate iS, AGG
0.01% , Bond Treasury Short-Term iS, SHV
0.00% , Homebuilders SPDR, XHB
-0.07% , Bond, Long-Term Corp iBoxx iS, LQD
-0.09% , Bond, TIPS U.S. Treasury iS, TIP
-0.12% , India Earnings WTree, EPI
-0.16% , Health Care SPDR, XLV
-0.22% , Dividend SPDR, SDY
-0.22% , Bond, High-Yield Junk, JNK
-0.23% , Telecom DJ US, IYZ
-0.24% , Bond, 20+ Years Treasury, TLT
-0.25% , Consumer Staples SPDR, XLP
-0.25% , Australia Index, EWA
-0.27% , Belgium Index, EWK
-0.30% , Semiconductor SPDR, XSD
-0.32% , Consumer Discretionary SPDR, XLY
-0.32% , Dividend U.S. DJ iS, DVY
-0.33% , Switzerland Index, EWL
-0.35% , Dividend International, PID
-0.36% , Dividend ex-U.S. DJ iS, IDV
-0.36% , Growth SmallCap VIPERs, VBK
-0.36% , Frontier Markets Guggenheim , FRN
-0.37% , MidCap Blend S&P 400 iS, IJH
-0.39% , Austria Index, EWO
-0.40% , MidCap Value S&P 400 iS, IJJ
-0.40% , MidCap Growth S&P 400 iS, IJK
-0.41% , MidCap S&P 400 SPDRs, MDY
-0.41% , Semiconductor iS IGW, SOXX
-0.41% , Dividend Appreciation Vipers, VIG
-0.41% , Growth MidCap Russell, IWP
-0.42% , LargeCap Growth Russell 1000 iS, IWF
-0.43% , MidCap Russell, IWR
-0.48% , Value MidCap Russell, IWS
-0.48% , Pacific ex-Japan, EPP
-0.49% , Small Cap VIPERs, VB
-0.50% , LargeCap Growth S&P 500 iS, IVW
-0.50% , Malaysia Index, EWM
-0.51% , Growth VIPERs, VUG
-0.53% , LargeCap Blend S&P=Weight R, RSP
-0.53% , Water Resources, PHO
-0.54% , LargeCap Blend Russell 3000 iS, IWV
-0.55% , Agriculture DB PS, DBA
-0.56% , WilderHill Clean Energy PS, PBW
-0.57% , Blend Total Market VIPERs, VTI
-0.57% , Transportation Av DJ, IYT
-0.57% , Chile MSCI iS, ECH
-0.59% , LargeCap Blend Russell 1000 iS, IWB
-0.63% , LargeCap VIPERs, VV
-0.63% , S&P 500 SPDRs LargeCap Blend, SPY
-0.64% , LargeCap Blend S&P 500 iS, IVV
-0.66% , QQQ Nasdaq 100 Trust, QQQ
-0.66% , Value VIPERs, VTV
-0.67% , Industrial SPDR, XLI
-0.67% , Info Tech VIPERs, VGT
-0.68% , Value SmallCap VIPERS, VBR
-0.69% , United Kingdom Index, EWU
-0.69% , LargeCap Value Russell 1000 iS, IWD
-0.70% , Latin Am 40, ILF
-0.72% , Materials SPDR, XLB
-0.72% , SmallCap Growth Russell 2000 iS, IWO
-0.72% , DIAMONDS (DJIA), DIA
-0.74% , Europe 350 S&P Index, IEV
-0.74% , Technology SPDR, XLK
-0.76% , Microcap Russell, IWC
-0.77% , LargeCap Blend S&P 100, OEF
-0.77% , LargeCap Value S&P 500 iS, IVE
-0.77% , China LargeCap Growth G D H USX PS, PGJ
-0.78% , SmallCap Blend Russell 2000 iS, IWM
-0.79% , SmallCap Blend S&P 600 iS, IJR
-0.80% , SmallCap Blend EAFE MSCI iS, SCZ
-0.80% , Basic Materials DJ US, IYM
-0.81% , Networking, IGN
-0.81% , SmallCap Value Russell 2000 iS, IWN
-0.81% , Technology DJ US, IYW
-0.83% , European VIPERs, VGK
-0.84% , South Africa Index, EZA
-0.85% , SmallCap Growth S&P 600 iS, IJT
-0.87% , Netherlands Index, EWN
-0.89% , Value LargeCap Dynamic PS, PWV
-0.89% , Energy DJ, IYE
-0.90% , Canada Index, EWC
-0.90% , Global LargeCap Blend MSCI iS, ACWI
-0.91% , EMU Europe Index, EZU
-0.93% , Energy VIPERs, VDE
-0.93% , Dividend High Yield Equity PS, PEY
-0.95% , France Index, EWQ
-0.97% , Energy SPDR, XLE
-0.98% , Energy & Nat Res iS GS, IGE
-0.99% , Financials VIPERs, VFH
-1.00% , Global 100, IOO
-1.02% , Spain Index, EWP
-1.03% , SmallCap Value S&P 600 iS, IJS
-1.05% , Hong Kong Index, EWH
-1.05% , Mexico Index, EWW
-1.06% , Germany Index, EWG
-1.09% , Emerging 50 BLDRS, ADRE
-1.09% , Foreign LargeCap EAFE MSCI iS, EFA
-1.11% , Capital Markets KWB ST, KCE
-1.12% , Financial DJ US, IYF
-1.16% , Growth EAFE MSCI, EFG
-1.17% , Energy Global, IXC
-1.19% , Value EAFE MSCI, EFV
-1.19% , Global ex U.S. LargeCap Blend, ACWX
-1.20% , Biotech SPDR, XBI
-1.29% , Financial SPDR, XLF
-1.33% , Brazil Index, EWZ
-1.38% , South Korea Index, EWY
-1.44% , Emerging VIPERs, VWO
-1.45% , Financial Services DJ, IYG
-1.58% , Emerging Markets MSCI iS, EEM
-1.63% , Taiwan Index, EWT
-1.78% , Metals & Mining SPDR, XME
-1.90% , Pacific VIPERs, VPL
-2.22% , Italy Index, EWI
-2.75% , China 25 iS, FXI
-3.12% , Japan Index, EWJ
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1687.18, intraday high of 5/22/2013
1674.21, intraday high of 5/28/2013
1648.69, intraday high of 6/10/2013
The S&P 500 Composite Potential Support
1613.15, 50-day SMA
1598.23, low of 6/6/2013
1536.03, low of 4/18/2013
1500.74, 200-day SMA
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1463.76, low of 1/15/2013
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
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
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
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 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
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
