Bearish signals for Technology and Utilities.

Technology (XLK) stock sector ETF Relative Strength Ratio (XLK/SPY) turned systematically bearish on 10/4/13 by falling below both 50- and 200-day SMAs.

Utilities (XLU) stock sector ETF absolute price 50-day SMA crossed below its 200-day SMAs on 10/4/13, thereby turning systematically bearish (from neutral).

The S&P 500 Composite Index (SPX: 1,690.50, up 0.71%) absolute price recovered most of Thursday’s loss on Friday. Prices made their lows for the day just minutes after the open, rose to a high at 3:13 pm, then spent the final 47 minutes consolidating gains. SPX closed above the open, above the midpoint of the day’s high-low range, and slightly above its widely-watched 50-day SMA.

SPX is systematically bullish, strictly speaking, above both 50- and 200-day SMAs and with the 50 above the 200. Momentum divergences, lagging volume, excessive bullish sentiment, and politics are major obstacles to a sustainable upside trend, however. Subjectively, the SPX trend looks uncertain for the short-term, day-to-day trend. The SPX trend looks neutral for the medium term, since its May high.

NYSE total volume fell 10% to a level 21% below its 200-day SMA. Generally, rising volume confirms the direction (up or down) of a price move, but falling volume may indicate diminishing power behind a price trend, which can suggest a price reversal ahead.

The Cumulative Up-Down Volume Line on the NYSE and the Cumulative Daily Advance-Decline Line on the NYSE both turned upward on Friday. The Cumulative Up-Down Volume Line fell below its 50-day SMA on 9/23/13, thereby turning systematically neutral (from bullish), while the Advance-Decline Line has remained bullish above its 50-day SMA and above its 200-day SMA since 9/13/13.
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Stock Market Indicators

The Dow Theory reconfirmed a Primary Tide Bull Market on 9/18/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new closing price highs. The day-to-day Minor Ripple trend has turned corrective since.

NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) rose to its highest level in 11 months on 10/1/13. QQQ/SPY turned systematically bullish on 8/26/13, when the 50-day SMA crossed above the 200-day SMA. Absolute price of QQQ rose above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Absolute price of the NASDAQ 100 ETF (QQQ) rose above its highs of the past 12 years on 10/1/13 to confirm its preexisting bullish trend.

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) whipsawed back up above its 50-day SMA on 8/30/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains far below the 200-day SMA, and BKF/SPY fell below the lows of the previous 4 years on 8/7/13. BKF/SPY has underperformed since it peaked on 10/14/2010. Absolute price of BKF peaked at 42.29 on 2/1/13, fell to a 20-month low at 32.62 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains far below the 200-day SMA, and EEM/SPY fell below the lows of the previous 4 years on 7/10/13. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. This year, absolute price of EEM peaked at 45.34 on 1/2/13, fell to a 19-month low of 36.16 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains below the 200-day SMA. For nearly 6 years, from 11/27/07 to 7/9/13, EFA/SPY underperformed. Absolute price of EFA rose above its 4-year high of 64.14 on 9/18/13 and remains systematically bullish.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) whipsawed back down below its 50-day SMA on 9/24/13, thereby turning systematically bearish (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) turned systematically bullish (from neutral) on 9/3/13 and rose above its highs of the past 18 months on 10/1/13 to confirm its preexisting bullish trend. Absolute price turned systematically bullish (from neutral) on 9/9/13 and rose to new highs on 10/1/13 to confirm its preexisting bullish trend.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) turned systematically bullish (from neutral) on 9/24/13 and rose above its highs of the past 27 months on 10/1/13 to confirm its preexisting bullish trend. Absolute price turned systematically bullish (from neutral) on 9/9/13 and rose to new highs on 10/1/13 to confirm its preexisting bullish trend.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) price fell below its lows of the previous 23 months on 10/3/13. Price turned systematically bearish (from neutral) on 9/12/13 when its 50-day SMA crossed below its 200-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.07 and 20.84. Resistance 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price turned systematically neutral on 8/26/13, when it rose above its 50-day SMA. Longer term, DBA price has been in a cyclical bear market since peaking at 35.58 on 3/4/11. In addition, DBA has been in a secular bear market since peaking at 43.50 on 2/27/2008.

Crude Oil, United States Oil ETF (USO) price whipsawed back down below its 50-day SMA on 9/20/13, thereby turning systematically neutral again (from bullish). Support 36.82, 36.35, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 39.54, 39.64, 40.29, 41.38, 42.30, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) price whipsawed back down below its 50-day SMA on 9/20/13, thereby turning systematically bearish again (from neutral). Support: 125.15, 123.55, 122.73, 114.68, 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 absolute price peaked at 66.98 on 9/9/11. Longer term, GDX/GLD has remained mostly bearish for more than 7 years, since 9/5/06.

Silver, iShares Silver Trust ETF (SLV) price fell below its 50-day SMA on 9/23/13, thereby turning systematically bearish (from neutral). Support 20.45, 18.71, 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 23.84, 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) crossed back above its 50-day SMA on 8/9/13, thereby turning systematically neutral (from bearish). SLV underperformed GLD for more than 2 years from 4/28/11 to 7/30/13.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price whipsawed back up above its 50-day SMA on 9/18/13, thereby turning systematically neutral again (from bearish). Longer term, JJC price was in a persistent downtrend for more than 2 years from its peak of 61.69 on 2/14/11 to its low of 36.87 on 6/24/13. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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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
1.24% , IGV , Software, IGV
6.10% , CIEN.O , CIENA
1.40% , PXJ , Oil & Gas, PXJ
2.63% , STJ , ST JUDE MEDICAL
3.68% , PTEN , Patterson-UTI Energy Inc
3.44% , AET , AETNA
0.73% , EPP , Pacific ex-Japan, EPP
0.17% , VPU , Utilities VIPERs, VPU
0.96% , PWB , Lg Cap Growth PSD, PWB
2.35% , SYMC , SYMANTEC
2.94% , XRAY , DENTSPLY International Inc
2.04% , HRB , H&R BLOCK
0.65% , IWD , Value 1000 Russell, IWD
0.26% , EZU , EMU Europe Index, EZU
1.95% , SHW , SHERWIN WILLIAMS
0.94% , GNW , GENWORTH FINANCIAL
2.53% , EWM , Malaysia Index, EWM
2.55% , CBS , CBS CORP.
0.74% , VFH , Financials VIPERs, VFH
1.30% , EWI , Italy Index, EWI
0.68% , VGT , Info Tech VIPERs, VGT
2.24% , COF , CAPITAL ONE FNCL
0.14% , VOX , Telecom Services VIPERs, VOX
1.04% , PBE , Biotech & Genome, PBE
1.87% , SNDK , SanDisk Corporation
2.38% , HSP , HOSPIRA
0.78% , EL , Estee Lauder
0.70% , IWV , LargeCap Blend Russell 3000, IWV
1.07% , EMC , EMC
2.65% , PPG , PPG INDUSTRIES
2.87% , ALL , ALLSTATE
0.33% , T , AT&T Corp., T
1.62% , EOG , EOG RESOURCES
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-5.63% , CTB , COOPER TIRE
-5.84% , KBH , KB HOME
-1.51% , RYAAY , Ryanair Holdings plc
-6.54% , JCP , JC PENNEY
-0.95% , UNP , UNION PACIFIC
-0.72% , EWO , Austria Index, EWO
-0.21% , IDX , Indonesia MV, IDX
-1.12% , DGX , QUEST DIAG
-0.42% , EWL , Switzerland Index, EWL
-0.56% , XHB , Homebuilders SPDR, XHB
-0.89% , PBI , PITNEY BOWES
-0.43% , CSX , CSX
-0.89% , RTN , RAYTHEON
-0.28% , MCHP , Microchip Technology Incorporated
-0.72% , TXN.O , TEXAS INSTRUMENT
-0.06% , VGK , European VIPERs, VGK
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.53% , Malaysia Index, EWM
2.08% , Networking, IGN
2.01% , Turkey MSCI iS, TUR
1.95% , India Earnings WTree, EPI
1.80% , China LargeCap Growth G D H USX PS, PGJ
1.76% , India PS, PIN
1.72% , South Africa Index, EZA
1.58% , Spain Index, EWP
1.56% , Thailand MSCI iS, THD
1.45% , Materials SPDR, XLB
1.43% , Basic Materials DJ US, IYM
1.34% , Emerging VIPERs, VWO
1.33% , China 25 iS, FXI
1.30% , Italy Index, EWI
1.30% , Emerging Markets MSCI iS, EEM
1.23% , Russia MV, RSX
1.12% , Health Care SPDR, XLV
1.05% , Oil Fund PowerShares, DBO
1.02% , Capital Markets KWB ST, KCE
1.01% , Energy SPDR, XLE
0.99% , Mexico Index, EWW
0.98% , Metals & Mining SPDR, XME
0.96% , Semiconductor SPDR, XSD
0.94% , Consumer Discretionary SPDR, XLY
0.91% , Energy VIPERs, VDE
0.91% , Growth MidCap Russell, IWP
0.90% , Taiwan Index, EWT
0.89% , Energy & Nat Res iS GS, IGE
0.89% , Energy DJ, IYE
0.88% , Financial Services DJ, IYG
0.88% , Chile MSCI iS, ECH
0.87% , Australia Index, EWA
0.86% , QQQ Nasdaq 100 Trust, QQQ
0.85% , Latin Am 40, ILF
0.83% , LargeCap Blend Russell 1000 iS, IWB
0.82% , Financial DJ US, IYF
0.81% , Financial SPDR, XLF
0.79% , LargeCap Growth Russell 1000 iS, IWF
0.79% , Growth VIPERs, VUG
0.79% , MidCap Russell, IWR
0.79% , Value MidCap Russell, IWS
0.78% , Growth SmallCap VIPERs, VBK
0.78% , LargeCap Blend S&P=Weight R, RSP
0.77% , WilderHill Clean Energy PS, PBW
0.76% , Semiconductor iS IGW, SOXX
0.76% , S&P 500 SPDRs LargeCap Blend, SPY
0.76% , Energy Global, IXC
0.74% , Financials VIPERs, VFH
0.74% , LargeCap Blend S&P 500 iS, IVV
0.73% , Value LargeCap Dynamic PS, PWV
0.73% , Blend Total Market VIPERs, VTI
0.73% , Pacific ex-Japan, EPP
0.73% , LargeCap Growth S&P 500 iS, IVW
0.70% , LargeCap Blend Russell 3000 iS, IWV
0.70% , LargeCap VIPERs, VV
0.69% , SmallCap Growth Russell 2000 iS, IWO
0.69% , LargeCap Value S&P 500 iS, IVE
0.69% , Emerging 50 BLDRS, ADRE
0.69% , Hong Kong Index, EWH
0.68% , Info Tech VIPERs, VGT
0.67% , Value VIPERs, VTV
0.67% , SmallCap Blend Russell 2000 iS, IWM
0.66% , SmallCap Blend S&P 600 iS, IJR
0.65% , Frontier Markets Guggenheim , FRN
0.65% , Industrial SPDR, XLI
0.65% , LargeCap Value Russell 1000 iS, IWD
0.65% , Technology DJ US, IYW
0.65% , Microcap Russell, IWC
0.64% , SmallCap Value S&P 600 iS, IJS
0.62% , Small Cap VIPERs, VB
0.59% , MidCap Blend S&P 400 iS, IJH
0.59% , Agriculture DB PS, DBA
0.58% , MidCap S&P 400 SPDRs, MDY
0.56% , MidCap Growth S&P 400 iS, IJK
0.55% , SmallCap Value Russell 2000 iS, IWN
0.55% , SmallCap Growth S&P 600 iS, IJT
0.54% , Global LargeCap Blend MSCI iS, ACWI
0.54% , LargeCap Blend S&P 100, OEF
0.53% , Transportation Av DJ, IYT
0.52% , Value SmallCap VIPERS, VBR
0.51% , MidCap Value S&P 400 iS, IJJ
0.51% , DIAMONDS (DJIA), DIA
0.51% , Biotech SPDR, XBI
0.50% , Canada Index, EWC
0.49% , Dividend Appreciation Vipers, VIG
0.49% , France Index, EWQ
0.47% , Dividend ex-U.S. DJ iS, IDV
0.46% , Pacific VIPERs, VPL
0.46% , Oil, Crude, U.S. Oil Fund, USO
0.44% , Value EAFE MSCI, EFV
0.41% , Dividend SPDR, SDY
0.41% , Technology SPDR, XLK
0.39% , Global 100, IOO
0.38% , Global ex U.S. LargeCap Blend, ACWX
0.38% , Singapore Index, EWS
0.31% , Commodity Tracking, DBC
0.30% , Bond, High-Yield Junk, JNK
0.30% , Water Resources, PHO
0.29% , Dividend International, PID
0.29% , Dividend U.S. DJ iS, DVY
0.27% , Brazil Index, EWZ
0.26% , EMU Europe Index, EZU
0.26% , Bond, Emerging Mkt JPM iS, EMB
0.26% , South Korea Index, EWY
0.25% , Telecom DJ US, IYZ
0.24% , Foreign LargeCap EAFE MSCI iS, EFA
0.21% , Japan Index, EWJ
0.19% , Belgium Index, EWK
0.19% , Utilities SPDR, XLU
0.18% , Dividend High Yield Equity PS, PEY
0.18% , Financial Preferred, PGF
0.17% , Bond, High Yield Corp iBoxx iS, HYG
0.17% , Utilities VIPERs, VPU
0.16% , Preferred Stock iS, PFF
0.15% , Consumer Staples SPDR, XLP
0.14% , Germany Index, EWG
0.08% , Netherlands Index, EWN
0.08% , SmallCap Blend EAFE MSCI iS, SCZ
0.05% , Silver Trust iS, SLV
0.01% , Bond Treasury Short-Term iS, SHV
0.00% , Europe 350 S&P Index, IEV
-0.04% , Bond, 1-3 Year Treasury, SHY
-0.06% , European VIPERs, VGK
-0.06% , Growth EAFE MSCI, EFG
-0.08% , Bond, 20+ Years Treasury, TLT
-0.08% , Bond, Intermediate US Aggregate iS, AGG
-0.10% , Bond, Long-Term Corp iBoxx iS, LQD
-0.11% , Bond, Muni S&P ATM-Free iS, MUB
-0.12% , REIT Wilshire, RWR
-0.14% , Realty Cohen & Steers, ICF
-0.20% , REIT VIPERs, VNQ
-0.20% , United Kingdom Index, EWU
-0.21% , Indonesia MV, IDX
-0.22% , Bond, TIPS U.S. Treasury iS, TIP
-0.27% , Bond, 10 Year Treasury, IEF
-0.36% , Real Estate US DJ iS, IYR
-0.41% , Bond Ex-US Treas, BWX
-0.42% , Switzerland Index, EWL
-0.51% , Gold Shares S.T., GLD
-0.56% , Homebuilders SPDR, XHB
-0.72% , Austria Index, EWO
-0.75% , Bear, Short S&P 500, SH
-1.19% , Sweden Index, EWD
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The S&P 500 Composite Potential Resistance
1729.86, high of 9/19/2013
1709.67, high of 8/2/2013
1703.85, high of 9/26/2013
1700.18, high of 8/8/2013
1698.78, high of 7/23/2013
1696.81, high of 8/13/2013
1696.55, high of 10/1/2013

The S&P 500 Composite Potential Support
1687.18, high of 5/22/2013
1687.11, low of 9/27/2013
1679.84, 50-day SMA
1676.03, low of 7/26/2013
1674.99, low of 9/30/2013
1672.40, high of 9/9/2013
1671.84, low of 7/16/2013
1670.36, low of 10/3/2013
1669.51, high of 8/26/2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1652.62, Fib 38.2% of Jun-Aug 2013
1652.61, low of 8/16/2013
1635.00, Fib 50.0% of Jun-Aug 2013
1627.47, low of 08/28/2013
1617.38, Fib 61.8% of Jun-Aug 2013
1606.04, Fib 23.6% of Nov-May 2013
1596.02, 200-day SMA
1592.29, Fib 78.6% of Jun-Aug 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
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