S&P 500 Composite (SPX, 1,304.28) closed 0.71% higher on Friday after falling to its lowest level in more than 5 weeks intraday. SPX closed above its 50-day simple moving average on Friday after closing below it on Thursday. The main trend is bullish, according to my objective system based on the current price and the 50-day and 200-day moving averages.
Friday’s upside reversal price action may be encouraging to the bulls, especially in light of the global news background. Market resilience in the face of catastrophic news suggests underlying support. If the stock market can rebound in the face of this news, then it already may have flushed out weak hands and reestablished a wall of worry to climb.
The magnitude and duration of the correction since the SPX peak price on 2/18/11 has been moderate and in keeping with other brief minor shakeouts in this bull market; it appears similar to, but less severe than, the correction last November 2010. It seems possible that a minor ABC correction already could be complete.
On 3/10/11, the Dow-Jones Industrial Average fell below its February closing price low but the Dow-Jones Transportation Average held well above its February closing price low. This divergence or non-confirmation suggests that the market may not be ready for a deeper or more prolonged downside correction.
Industrial SPDR stock sector ETF Relative Strength Ratio (XLI/SPY) rose above the highs of the previous 3 weeks and is now bullish again.
Technology SPDR stock sector ETF Relative Strength Ratio (XLK/SPY) fell below 6-month lows. The 50-day SMA of the RS Ratio appears to be heading toward a cross below the 200-day SMA in weeks ahead, which could be a bearish signal. Absolute price of XLK fell below 6-week lows and remains neutral.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 2-month lows, confirming its preexisting bearish trend.
Silver fell down below 5-day lows before reversing to close sharply higher. The short-term, minor shakeout could be over, although it seems too early to be sure.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) turned neutral last week 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.
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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
0.84% , IWW , Value LargeCap Russell 3000, IWW
6.23% , WY , WEYERHAEUSER
0.85% , TMW , Wilshire 5000 ST TM, TMW
0.43% , PKB , Building & Construction, PKB
1.31% , RPV , Value S&P 500, RPV
3.81% , CEG , CONSTELL ENERGY
6.62% , GT , GOODYEAR TIRE
6.20% , PLL , PALL
2.62% , BIG , BIG LOTS
0.43% , EWQ , France Index, EWQ
2.38% , AIG , AMER INTL GROUP
3.26% , AMGN , AMGEN
3.66% , MMC , MARSH & MCLENNAN
2.01% , EZA , South Africa Index, EZA
5.09% , ATI , ALLEGHENY TECH
2.32% , LAMR , Lamar Advertising Company
3.09% , GNW , GENWORTH FINANCIAL
0.61% , JKK , Growth SmallCap iS M, JKK
1.22% , FDO , FAMILY DLR STRS
4.23% , CTB , COOPER TIRE
2.27% , LPX , LOUISIANA PAC
1.61% , AN , AUTONATION
0.72% , PRF , Value LargeCap Fundamental RAFI 1000, PRF
1.02% , PWC , LargeCap Blend Dynamic PS, PWC
0.81% , PPA , Aerospace & Defense, PPA
0.53% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
2.42% , PCL , PLUM CREEK TIMB
3.81% , NSM , NATL SEMICONDUCT
1.33% , PWT , Growth SmallCap Dynamic PS, PWT
2.34% , JCP , JC PENNEY
0.83% , HHH , Internet H, HHH
2.43% , NSC , NORFOLK SOUTHERN
2.33% , MSI , Motorola Solutions, MSI
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.67% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-6.91% , PWER , POWER ONE
-1.74% , BHH , Internet B2B H, BHH
-1.66% , EWJ , Japan Index, EWJ
-2.07% , THC , TENET HEALTHCARE
-1.76% , HANS , Hansen Natural, HANS
-0.57% , ADRA , Asia 50 BLDRS, ADRA
-0.06% , PBJ , Food & Beverage, PBJ
-0.67% , TTH , Telecom H, TTH
-1.15% , NKE , NIKE STK B
-1.42% , MDT , MEDTRONIC
-1.26% , CCL , CARNIVAL STK A
-1.69% , SVU , SUPERVALU
-2.30% , MO , ALTRIA, MO
-0.57% , DOG , Short 100% Dow 30, DOG
-1.39% , ABC , AMERISOURCEBERGN
-0.54% , XL , XL CAPITAL STK A
-1.00% , APD , AIR PRODS & CHEM
-1.31% , MZZ , Short 200% MidCap 400 PS, MZZ
-0.88% , MAR , MARRIOTT INTL STK A
-0.71% , SH , Short 100% S&P 500, SH
-0.97% , ERIC.O , LM Ericsson Telephone Company
-0.67% , RYAAY , Ryanair Holdings plc
-0.27% , AFL , AFLAC
-0.29% , VOX , Telecom Services VIPERs, VOX
-1.51% , VZ , VERIZON COMMS
-0.83% , VIA.B , VIACOM STK B
-0.33% , D , DOMINION RSCS
-0.16% , TIP , Bond, TIPS, TIP
-0.08% , EWD , Sweden Index, EWD
-0.17% , PGF , Financial Preferred, PGF
-0.62% , AVP , AVON
-1.08% , MRVL , MARVELL TECHNOLOGY
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 15-month highs on 2/23/11, reconfirming its preexisting bullish major trend. Absolute price of XLE rose above 2-year closing price highs on 3/1/11, reconfirming its preexisting bullish major trend. Support 73.03, 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.
Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose above the highs of the previous 10 weeks on 3/10/11 and is now bullish. Absolute price rose above 3-year highs on 2/18/11, which was a bullish confirmation for the longer-term trend. Support 39.21, 38.10, 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 40.02, 40.13, and 40.70.
Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose above the highs of the previous 3 weeks on 3/11/11 and is now bullish again. Absolute price closed above 2-year closing price highs on 2/18/11 and remains bullish for the longer-term trend. Support 35.91, 35.87, 35.38, 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) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below 5-month lows on 3/10/11 and remains neutral again. In addition, absolute price broke down below 11-week lows on 3/4/11 and remains neutral. Support 37.06, 36.99, 36.54, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 40.83 and 41.06.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell below 6-month lows on 3/11/11. The 50-day SMA of the RS Ratio appears to be heading toward a cross below the 200-day SMA in weeks ahead, which could be a bearish signal. Absolute price of XLK fell below 6-week lows and remains neutral. Support 25.56, 25.53, 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) broke down below 11-week lows on 3/4/11 and remains bearish, according to my objective system based on 50-day and 200-day moving averages. (Subjectively, I would rather rate XLF neutral, based on XLF holding support at 16.33.) Absolute price of XLF appears to be stuck in a trading range in recent weeks. Support 16.33, 16.19, 16.03, 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 16.85, 17.20, and 17.87.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) rose above the highs of the previous 7 weeks on 3/10/11 and is now neutral. Absolute price rose above 2-year highs on 3/3/11 and remains bullish. Support 31.79, 31.56, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 33.23, 33.37, and 33.74.
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 rose above 2-year highs on 3/9/11 and remains bullish. Support 29.27, 28.80, 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 29.96 and 30.29.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) ) rose above the highs of the previous 7 weeks on 3/10/11 and is now neutral. Absolute price rose above 2-year highs on 3/9/11 and remains bullish. Support 32.34, 31.77, 31.49, 31.23, 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) fell further below 8-month lows on 2/22/11, again reconfirming its bearish trend. The ratio turned bearish from neutral on 2/4/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 2-month lows on 3/11/11, confirming its preexisting bearish trend.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its 50-day SMA on 1/20/11, turning neutral for the short term. Long term, the ratio rose above 10-year highs on 1/18/11, confirming a bullish Primary Tide uptrend.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) turned bearish from neutral on 2/10/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA. Long term, the ratio fell below 28-year lows on 12/3/10, confirming a major bearish trend. Big caps had been relatively out of favor for more than 10 years, from 3/29/2000 to 12/3/10.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below its 50-day SMA on 3/10/11, turning neutral. 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 3/4/11, 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 fell down below 7-day lows on 3/11/11, confirming a short-term, minor shakeout following recent sharp gains. Oil rose above 2-year highs on 3/7/11, thereby reconfirming its preexisting bullish major trend. Support 9.01, 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 fell below 8-day lows on Thursday but retraced most of its loss on Friday 3/11/11. The short-term, minor shakeout could be over, although it seems too early to be sure. Gold rose above all-time highs on 3/7/11, thereby reconfirming its preexisting bullish major trend. Support 1403.0, 1392.2, 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) crossed below its 200-day and 50-day simple moving averages on 3/7/11 and 3/8/11, thereby turning bearish.
Silver nearest futures contract price fell down below 5-day lows on 3/11/11 before reversing to close sharply higher. The short-term, minor shakeout could be over, although it seems too early to be sure. Silver rose above previous 31-year highs on 3/7/11, again reconfirming its preexisting bullish major trend. Support 34.03, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 36.745 and 50.
Silver/Gold Ratio rose above 27-year highs on 3/11/11, again reconfirming its preexisting bullish major trend.
Copper nearest futures contract price fell further below 3-month lows intraday on 3/11/11 but reversed to close slightly higher. The downside correction could be over, although it seems too early to be sure. Weakness in Copper suggests doubts about the economic outlook. Support 4.086, 4.0835, 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-month highs intraday but surrendered its gain by the close on Friday. The Bond had been in a trading range since 12/15/10, and it is not clear whether or not it is ready to trend. The Bond is still rated neutral. Support, 118.05, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 120.26, 122.08, 122.20, 123.21, 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 last week 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 surrendered most of its gains for the week on Friday, casting doubt on prospects for any further possible minor upside correction. USD fell below the lows of the previous 4 months on 3/7/11, again reconfirming its preexisting intermediate-term downtrend. Long term, USD fell below 11-month lows on 11/3/10, confirming a major downtrend. Support 76.405, 76.145, 75.235, 74.27, and 70.80. Resistance 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 52.2% Bulls versus 21.1% Bears as of 3/9/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio stands at an above-average 2.47, down from 2.59 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 1.55, and the mean is 1.63.
VIX Fear Index has spent most of the past 5 months in the 16-22 zone, which is moderately below average. This suggests a mildly complacent attitude among options players. 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 3/10/11, the Dow-Jones Industrial Average fell below its February closing price low but the Dow-Jones Transportation Average held well above its February closing price low. This divergence or non-confirmation suggests that the market may not be ready for a deeper or more prolonged downside correction.
S&P 500 Composite (SPX, 1,304.28) closed 0.71% higher on Friday after falling to its lowest level in more than 5 weeks intraday. SPX closed above its 50-day simple moving average on Friday after closing below it on Thursday. The main trend is bullish, according to my objective system based on the current price and the 50-day and 200-day moving averages.
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
S&P 500 Cash Index Potential Support
1291.99, low of 3/11/11
1275.10, low of 1/28/11
1271.26, low of 1/20/11
1261.70, low of 1/7/11
1251.48, low of 12/27/10
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
2.64% Metals & Mining SPDR, XME
2.46% Silver Miners Global X, SIL
2.42% Turkey MSCI iS, TUR
2.01% South Africa Index, EZA
1.95% Silver Trust iS, SLV
1.73% Energy SPDR, XLE
1.72% Energy VIPERs, VDE
1.66% Energy & Nat Res iS GS, IGE
1.65% Energy DJ, IYE
1.63% India PS, PIN
1.49% Materials SPDR, XLB
1.46% Basic Materials DJ US, IYM
1.31% Realty Cohen & Steers, ICF
1.25% Networking, IGN
1.18% Australia Index, EWA
1.17% Industrial SPDR, XLI
1.17% Spain Index, EWP
1.14% Semiconductor SPDR, XSD
1.13% Semiconductor iS IGW, SOXX
1.13% Real Estate US DJ, IYR
1.10% Energy Global, IXC
1.09% Mexico Index, EWW
1.03% Emerging Markets, EEM
1.03% Latin Am 40, ILF
1.01% REIT Wilshire, RWR
1.01% REIT VIPERs, VNQ
0.98% Transportation Av DJ, IYT
0.96% India Earnings WTree, EPI
0.96% Emerging 50 BLDRS, ADRE
0.94% LargeCap Blend S&P=Weight R, RSP
0.91% Austria Index, EWO
0.90% Bond Ex-US Treas, BWX
0.90% Pacific ex-Japan, EPP
0.88% Value MidCap Russell, IWS
0.83% Brazil Index, EWZ
0.82% MidCap Russell, IWR
0.80% Growth MidCap Russell, IWP
0.75% S&P 500 iS LargeCap Blend, IVV
0.74% Canada Index, EWC
0.73% Water Resources, PHO
0.73% Growth S&P 500/BARRA, IVW
0.72% Emerging VIPERs, VWO
0.70% Value 1000 Russell, IWD
0.69% Growth 1000 Russell, IWF
0.69% S&P 500 SPDRs LargeCap Blend, SPY
0.69% Growth MidCap 400 B, IJK
0.68% LargeCap Blend Russell 3000, IWV
0.68% Homebuilders SPDR, XHB
0.68% LargeCap VIPERs, VV
0.67% Value S&P 500 B, IVE
0.67% Growth VIPERs, VUG
0.67% European VIPERs, VGK
0.67% Blend Total Market VIPERs, VTI
0.67% Financial SPDR, XLF
0.66% Italy Index, EWI
0.66% MidCap S&P 400 SPDRs, MDY
0.66% Financial Services DJ, IYG
0.65% LargeCap 1000 R, IWB
0.65% Value VIPERs, VTV
0.64% MidCap S&P 400 iS, IJH
0.63% Financial DJ US, IYF
0.62% Technology DJ US, IYW
0.62% Growth LargeCap NASDAQ 100, QQQQ
0.62% Consumer Discretionary SPDR, XLY
0.62% LargeCap Blend S&P 100, OEF
0.61% Info Tech VIPERs, VGT
0.59% Financials VIPERs, VFH
0.59% Frontier Markets Guggenheim , FRN
0.58% DIAMONDS (DJIA), DIA
0.57% Biotech SPDR, XBI
0.55% Dividend Appreciation Vipers, VIG
0.54% Value MidCap S&P 400 B, IJJ
0.52% Thailand MSCI iS, THD
0.52% China LargeCap Growth G D H USX PS, PGJ
0.51% Belgium Index, EWK
0.50% Growth SmallCap VIPERs, VBK
0.48% EMU Europe Index, EZU
0.46% Indonesia MV, IDX
0.44% Capital Markets KWB ST, KCE
0.43% France Index, EWQ
0.41% Value LargeCap Dynamic PS, PWV
0.41% Taiwan Index, EWT
0.41% Netherlands Index, EWN
0.39% Europe 350 S&P Index, IEV
0.39% Technology SPDR, XLK
0.38% Growth SmallCap R 2000, IWO
0.36% Germany Index, EWG
0.35% Small Cap VIPERs, VB
0.34% Global 100, IOO
0.33% Dividend DJ Select, DVY
0.33% Utilities VIPERs, VPU
0.33% Health Care SPDR, XLV
0.33% Gold Shares S.T., GLD
0.30% Singapore Index, EWS
0.29% South Korea Index, EWY
0.29% Global ex US ACWI iS, ACWX
0.27% United Kingdom Index, EWU
0.26% SmallCap Russell 2000, IWM
0.26% Dividend SPDR, SDY
0.25% Value SmallCap VIPERS, VBR
0.22% Utilities SPDR, XLU
0.19% Value SmallCap Russell 2000, IWN
0.15% Value EAFE MSCI, EFV
0.15% Preferred Stock iS, PFF
0.13% Telecom DJ US, IYZ
0.13% Bond, High-Yield Junk, JNK
0.12% Chile MSCI iS, ECH
0.11% Growth BARRA Small Cap 600, IJT
0.10% SmallCap S&P 600, IJR
0.08% Value SmallCap S&P 600 B, IJS
0.07% Consumer Staples SPDR, XLP
0.06% Dividend International, PID
0.06% Bond EmrgMkt JPM iS, EMB
0.03% Russia MV, RSX
0.02% Bond, Aggregate, AGG
0.02% Bond, 1-3 Year Treasury, SHY
0.00% EAFE Index, EFA
0.00% Dividend High Yield Equity PS, PEY
-0.01% Bond Treasury Short-Term iS, SHV
-0.02% Bond, High-Yield Corporate, HYG
-0.05% Microcap Russell, IWC
-0.05% Malaysia Index, EWM
-0.06% Growth EAFE MSCI, EFG
-0.08% Sweden Index, EWD
-0.09% Bond, Corp, LQD
-0.13% Bond Muni ATM-Free S&P iS, MUB
-0.13% Small Cap EAFE MSCI iS, SCZ
-0.16% Hong Kong Index, EWH
-0.16% Bond, TIPS, TIP
-0.17% Financial Preferred, PGF
-0.23% Bond, 10 Year Treasury, IEF
-0.24% Switzerland Index, EWL
-0.25% China 25 iS, FXI
-0.53% Agriculture DB PS, DBA
-0.57% Bond, 20+ Years Treasury, TLT
-0.57% Commodity Tracking, DBC
-0.76% Pacific VIPERs, VPL
-0.80% WilderHill Clean Energy PS, PBW
-1.66% Oil Fund PowerShares, DBO
-1.66% Japan Index, EWJ
-1.72% Oil, Crude, U.S. Oil Fund, USO

