S&P 500 Composite (SPX, 1,297.54) rose 3.77 points or 0.29% on Wednesday, recovering nearly all of its loss on Tuesday. Stock prices opened lower, broke down below 2-day lows in the first 43 minutes, but then spent most of the rest of the day rising until settling back down moderately in the final 37 minutes. Trading volume rose modestly on Wednesday after declining on both Monday and Tuesday.
It remains to be seen whether or not the bulls can capitalize on this one-day reversal. Traders might be skeptical, understandably, given the obvious headline risk and overabundance of unpredictable news. SPX already has completed a typical countertrend bounce: SPX retraced a little more than one-half of its 7.07% intraday decline from its 1,344.07 peak set on 2/18/11 to last week’s low of 1249.05 set on 3/16/11. Charles Dow and his followers considered one-third to two-thirds retracements to be normal within a countertrend move–in this case, a minor bounce within a larger intermediate-term downtrend. A week ago, on 3/16/11, SPX broke down below 12-week lows, confirmed by the great majority of indexes and indicators. SPX remains below both its 20-day and 50-day simple moving averages, and the 20 just crossed below the 50 on 3/22/11. The market now may be in a Secondary Reaction, an intermediate-term downside correction that can last for several months and retrace one-third to two-thirds of the leg up since last July.
Materials SPDR Relative Strength Ratio (XLB/SPY) rose above its 50-day SMA, turning bullish again. In addition, absolute price rose above its 50-day SMA.
Financial SPDR Relative Strength Ratio (XLF/SPY) fell below 2-week lows and remains bearish.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) has been rising since making a low on 2/22/11. The trend is technically neutral, with the Ratio between 50- and 200-day SMAs.
Crude Oil rose above 8-day highs, again confirming a short-term uptrend. Watch for resistance near the 106.95 high.
Gold rose above 2-week highs, confirming a short-term uptrend. Gold is in position to challenge its all-time high at 1445.7.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above its 50-day SMA and, therefore, is upgraded from bearish to neutral.
Silver rose above its 31-year high, reconfirming its preexisting bullish major trend.
Silver/Gold Ratio rose above 27-year highs, again reconfirming its preexisting bullish major trend.
Copper rose above 2-week highs, confirming a short-term uptrend. Strength in Copper suggests confidence in the economic outlook.
U.S. Treasury Bond price rose above 3-day highs but reversed to close lower. The Bond appears to be in a minor consolidation pattern.
The U.S. dollar rose above 2-day highs, possibly suggesting a minor break in its persistent intermediate-term downtrend.
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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
1.55% , PWT , Growth SmallCap Dynamic PS, PWT
10.88% , JBL , JABIL CIRCUIT
5.72% , CTAS , CINTAS
2.47% , TBH , Telebras HOLDRS, TBH
2.16% , PIN , India PS, PIN
3.64% , PHM , PULTE HOMES
4.48% , LVLT , LEVEL 3 COMMUNICATIONS
0.99% , IGN , Networking, IGN
4.98% , SBUX , STARBUCKS
0.75% , IGM , Technology GS, IGM
4.97% , FCX , FREEPRT MCMORAN STK B
0.15% , EWQ , France Index, EWQ
2.18% , GILD , Gilead Sciences Inc
4.17% , TXT , TEXTRON
3.04% , AA , ALCOA
4.41% , LSI , LSI LOGIC
1.16% , HHH , Internet H, HHH
2.60% , VLO , VALERO ENERGY
0.22% , PWY , Value SmallCap Dynamic PS, PWY
2.62% , SLV , Silver Trust iS, SLV
1.77% , HSP , HOSPIRA
1.21% , EWH , Hong Kong Index, EWH
1.59% , MMM , 3M
2.36% , IDX , Indonesia MV, IDX
2.50% , DELL , DELL
0.96% , SOXX , Semiconductor iS IGW, SOXX
1.93% , DIS , WALT DISNEY
1.03% , EPP , Pacific ex-Japan, EPP
1.49% , ERTS , ELECTRONIC ARTS
0.86% , IAU , Gold COMEX iS, IAU
2.26% , STLD , Steel Dynamics, STLD
2.05% , ETFC , E*TRADE FINANCIAL
1.69% , MCHP , Microchip Technology Incorporated
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.79% , EK , EASTMAN KODAK
-0.60% , PWO , OTC Dynamic PS, PWO
-2.11% , SIRI , Sirius Satellite
-1.86% , ISIL , INTERSIL CORP
-1.66% , BAC , BANK OF AMERICA
-1.82% , GIS , GENERAL MILLS
-3.65% , ADBE , ADOBE SYS
-1.24% , PGR , PROGRESSIVE OHIO
-1.37% , TNB , THOMAS & BETTS
-1.49% , OMX , OFFICEMAX INC., OMX
-1.12% , ICF , Realty Cohen & Steers, ICF
-0.63% , CHKP , Check Point Software Technologies Ltd
-1.17% , DXD , Short 200% Dow 30 PS, DXD
-1.02% , AIV , APT INV MNGMT
-0.94% , HSIC , Henry Schein Inc
-1.75% , HES , AMERADA HESS
-0.65% , SRE , SEMPRA ENERGY
-0.25% , TLH , Bond 10-20 Year US Treas, TLH
-0.75% , IYR , Real Estate US DJ, IYR
-0.28% , EWG , Germany Index, EWG
-0.99% , FO , FORTUNE BRANDS
-0.59% , IPG , INTERPUBLIC GRP
-1.86% , CAH , CARDINAL HEALTH
-2.05% , LIZ , LIZ CLAIRBORNE
-0.69% , PFG , PRINCIPAL FINL
-1.07% , ZMH , ZIMMER HLDGS
-1.07% , FHN , First Horizon National
-0.36% , VFH , Financials VIPERs, VFH
-0.51% , DHI , D.R. HORTON, DHI
-0.69% , WMT , WAL MART STORES
-0.68% , MS , MORGAN STANLEY
-0.63% , TYC , TYCO INTL
-0.85% , TMO , THERMO ELECTRON
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 2-year highs on 3/22/11, again reconfirming its preexisting bullish major trend. Absolute price of XLE rose above 2-year closing price highs on 3/7/11, reconfirming its preexisting bullish major trend. Support 72.90, 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 79.22, 83.27 and 91.42.
Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose above 5-week highs on 3/21/11 and remains bullish. Absolute price fell below its 50-day SMA on 3/22/11 and is neutral. Support 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 38.09, 39.02, and 39.97.
Materials (XLB) Bullish, Over Weight. The Relative Strength Ratio (XLB/SPY) rose above its 50-day SMA on 3/23/11, turning bullish again. In addition, absolute price rose above its 50-day SMA. Support 38.06, 36.44, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 39.64, 40.83 and 41.06.
Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) fell below 6-week lows and on 3/22/11 and remains neutral. Absolute price broke down below 6-week lows on 3/16/11 and remains neutral. Support 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 39.58, 40.02, 40.13, and 40.70.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) just 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 26.66, 27.09, 27.43, 27.63, and 28.60.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 2-week lows on 3/23/11 and remains bearish. The Ratio broke down below 11-week lows on 3/4/11. Absolute price broke down below 10-week lows on 3/16/11 and remains neutral. Support 15.79, 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 16.46, 16.85, 17.20, and 17.87.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above the highs of the previous 6 weeks on 3/10/11 and is now neutral. Absolute price broke down below 3-month lows on 3/16/11 and remains neutral. Support 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 29.96 and 30.29.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) fell below the lows of the previous 2 weeks on 3/21/11 and is now very close to turning bearish again. Absolute price broke down below 2-month lows on 3/16/11 and remains neutral. Support 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 33.23, 33.37, and 33.74.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) crossed below its 50-day SMA on 3/17/11, turning bearish again. Absolute price broke down below 3-month lows on 3/16/11 and remains neutral. Support 30.51, 29.66, 27.91, 27.44, and 25.76. Resistance 32.89, 33.00, 34.89, and 36.24.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) has been rising since making a low on 2/22/11. The trend is technically neutral, with the Ratio between 50- and 200-day SMAs.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 11-month lows on 3/16/11, confirming its preexisting bearish trend.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below 5-month lows on 3/18/11. The ratio is below both its 50-day SMA and 200-day SMA. The trend since the peak on 1/18/11 is clearly bearish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows on 3/16/11, confirming a bearish major trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above 11-week highs on 3/21/11 and remains bullish. Long term, the ratio rose above 20-year highs on 12/21/10, which confirmed a bullish trend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs on 3/21/11, 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 8-day highs on 3/23/11, again confirming a short-term uptrend. Watch for resistance near the 106.95 high. The larger trend remains bullish: Oil rose above 2-year highs on 3/7/11, thereby reconfirming its preexisting bullish major trend. Support 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 106.95, 110.30, 111.34, 120.42, 130.0, and 147.27.
Gold nearest futures contract price rose above 2-week highs on 3/23/11, confirming a short-term uptrend. Gold is in position to challenge its all-time high at 1445.7. Gold made that high on 3/7/11, and it reconfirmed its preexisting bullish major trend. Support 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: 1445.7.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above its 50-day SMA on 3/23/11 and, therefore, is upgraded from bearish to neutral.
Silver nearest futures contract price rose above its 31-year high on 3/23/11, reconfirming its preexisting bullish major trend. Support 33.565, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 50.
Silver/Gold Ratio rose above 27-year highs on 3/23/11, again reconfirming its preexisting bullish major trend.
Copper nearest futures contract price rose above 2-week highs on 3/23/11, confirming a short-term uptrend. Strength in Copper suggests confidence in the economic outlook, while weakness suggests doubts. Support 4.2665, 4.076, 3.9795, 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.554, 4.6495, and 4.6575.
U.S. Treasury Bond nearest futures contract price rose above 3-day highs on 3/23/11 but reversed to close lower. The Bond appears to be in a minor consolidation pattern. The 6-week trend may still be bullish. The intermediate-term trend remains bullish. Support 120.23, 119.24, 118.05, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 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) turned neutral on 3/10/11 by falling below 6-week lows and below its 50-day SMA. JNK absolute price also turned neutral by falling below 7-week lows and below its 50-day SMA.
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 rose above 2-day highs on 3/23/11, possibly suggesting a minor break in its persistent intermediate-term downtrend. Long term, USD fell below 11-month lows on 11/3/10, confirming a major downtrend. Support 75.505, 74.27, and 70.80. Resistance 76.405, 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 50.6% Bulls versus 22.4% Bears as of 3/23/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio fell to 2.26, down from 2.34 the previous week and down from 3.00 on 1/12/11. The 20-year range is 0.41 to 3.74, the median is 1.56, and the mean is 1.63.
VIX Fear Index fell further below its 200-day SMA on 3/23/11, confirming a return to bullish complacency, following 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 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.
On 3/16/11, both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average fell below their closing price lows of the previous 10 weeks. This bearish confirmation raises the possibility of a more severe Secondary Reaction downside correction that could stretch out further in time and extend further downward in price.
S&P 500 Composite (SPX, 1,297.54) rose 3.77 points or 0.29% on Wednesday, recovering nearly all of its loss on Tuesday. The market now may be in a Secondary Reaction, an intermediate-term downside correction that can last for several months and retrace one-third to two-thirds of the leg up since last July.
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
1332.28, high of 3/3/11
1300.58, high of 3/21/11
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
4.92% Silver Miners Global X, SIL
2.62% Silver Trust iS, SLV
2.36% Indonesia MV, IDX
2.22% Metals & Mining SPDR, XME
2.16% India PS, PIN
1.85% Russia MV, RSX
1.83% India Earnings WTree, EPI
1.71% Mexico Index, EWW
1.57% China LargeCap Growth G D H USX PS, PGJ
1.53% South Africa Index, EZA
1.50% Basic Materials DJ US, IYM
1.45% Materials SPDR, XLB
1.39% Taiwan Index, EWT
1.32% Emerging Markets, EEM
1.30% Emerging VIPERs, VWO
1.21% Hong Kong Index, EWH
1.15% Singapore Index, EWS
1.15% Emerging 50 BLDRS, ADRE
1.13% Chile MSCI iS, ECH
1.07% Semiconductor SPDR, XSD
1.05% Malaysia Index, EWM
1.03% Pacific ex-Japan, EPP
0.99% Networking, IGN
0.96% Semiconductor iS IGW, SOXX
0.95% Latin Am 40, ILF
0.93% Gold Shares S.T., GLD
0.87% Consumer Discretionary SPDR, XLY
0.84% China 25 iS, FXI
0.80% Australia Index, EWA
0.78% Thailand MSCI iS, THD
0.70% Brazil Index, EWZ
0.66% Telecom DJ US, IYZ
0.59% Info Tech VIPERs, VGT
0.59% DIAMONDS (DJIA), DIA
0.58% Microcap Russell, IWC
0.56% Homebuilders SPDR, XHB
0.55% Technology SPDR, XLK
0.51% Technology DJ US, IYW
0.48% Growth S&P 500/BARRA, IVW
0.47% Growth SmallCap R 2000, IWO
0.47% Sweden Index, EWD
0.46% Growth VIPERs, VUG
0.45% Netherlands Index, EWN
0.44% Dividend Appreciation Vipers, VIG
0.43% Oil, Crude, U.S. Oil Fund, USO
0.42% Growth 1000 Russell, IWF
0.42% Energy & Nat Res iS GS, IGE
0.40% Growth BARRA Small Cap 600, IJT
0.39% Growth MidCap Russell, IWP
0.39% LargeCap Blend S&P=Weight R, RSP
0.36% Growth SmallCap VIPERs, VBK
0.34% LargeCap Blend S&P 100, OEF
0.34% Industrial SPDR, XLI
0.31% Value LargeCap Dynamic PS, PWV
0.31% SmallCap Russell 2000, IWM
0.30% LargeCap VIPERs, VV
0.30% Canada Index, EWC
0.29% Capital Markets KWB ST, KCE
0.29% S&P 500 SPDRs LargeCap Blend, SPY
0.28% LargeCap Blend Russell 3000, IWV
0.28% Growth EAFE MSCI, EFG
0.28% S&P 500 iS LargeCap Blend, IVV
0.26% LargeCap 1000 R, IWB
0.26% Energy SPDR, XLE
0.25% Oil Fund PowerShares, DBO
0.25% Global 100, IOO
0.25% Global ex US ACWI iS, ACWX
0.24% Blend Total Market VIPERs, VTI
0.22% Austria Index, EWO
0.22% Italy Index, EWI
0.20% Commodity Tracking, DBC
0.18% Small Cap VIPERs, VB
0.17% Consumer Staples SPDR, XLP
0.17% United Kingdom Index, EWU
0.16% SmallCap S&P 600, IJR
0.15% France Index, EWQ
0.15% MidCap Russell, IWR
0.14% Value S&P 500 B, IVE
0.14% Bond Muni ATM-Free S&P iS, MUB
0.14% European VIPERs, VGK
0.13% Dividend International, PID
0.12% Energy VIPERs, VDE
0.12% Bond EmrgMkt JPM iS, EMB
0.12% EAFE Index, EFA
0.11% Preferred Stock iS, PFF
0.11% Spain Index, EWP
0.09% Frontier Markets Guggenheim , FRN
0.09% Energy DJ, IYE
0.09% Value MidCap Russell, IWS
0.08% Financial Preferred, PGF
0.07% Value 1000 Russell, IWD
0.07% Europe 350 S&P Index, IEV
0.07% Dividend DJ Select, DVY
0.06% Value EAFE MSCI, EFV
0.05% Value VIPERs, VTV
0.03% South Korea Index, EWY
0.03% Bond Treasury Short-Term iS, SHV
0.02% Energy Global, IXC
0.01% Bond, 1-3 Year Treasury, SHY
0.01% Growth MidCap 400 B, IJK
0.00% Belgium Index, EWK
0.00% WilderHill Clean Energy PS, PBW
-0.02% Bond Ex-US Treas, BWX
-0.02% Dividend SPDR, SDY
-0.02% Transportation Av DJ, IYT
-0.03% Biotech SPDR, XBI
-0.05% Bond, Aggregate, AGG
-0.05% Utilities SPDR, XLU
-0.06% Health Care SPDR, XLV
-0.06% Bond, Corp, LQD
-0.07% Value SmallCap Russell 2000, IWN
-0.07% Pacific VIPERs, VPL
-0.08% Value SmallCap S&P 600 B, IJS
-0.09% Utilities VIPERs, VPU
-0.09% Small Cap EAFE MSCI iS, SCZ
-0.12% Switzerland Index, EWL
-0.12% Bond, High-Yield Corporate, HYG
-0.13% Bond, 10 Year Treasury, IEF
-0.13% Bond, 20+ Years Treasury, TLT
-0.13% EMU Europe Index, EZU
-0.15% MidCap S&P 400 iS, IJH
-0.15% Water Resources, PHO
-0.16% Value SmallCap VIPERS, VBR
-0.16% Bond, TIPS, TIP
-0.17% Financial Services DJ, IYG
-0.17% Bond, High-Yield Junk, JNK
-0.18% MidCap S&P 400 SPDRs, MDY
-0.19% Growth LargeCap NASDAQ 100, QQQQ
-0.21% Turkey MSCI iS, TUR
-0.23% Dividend High Yield Equity PS, PEY
-0.26% Value MidCap S&P 400 B, IJJ
-0.27% Financial SPDR, XLF
-0.28% Germany Index, EWG
-0.31% Financial DJ US, IYF
-0.36% Financials VIPERs, VFH
-0.56% Japan Index, EWJ
-0.75% Real Estate US DJ, IYR
-1.03% Agriculture DB PS, DBA
-1.10% REIT VIPERs, VNQ
-1.12% Realty Cohen & Steers, ICF
-1.15% REIT Wilshire, RWR
