Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price whipsawed back below its 50-day SMA on 8/20/12, thereby turning systematically bearish again. Given that “Dr. Copper” is one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, this relative weakness may be suggesting rising doubts about prospects going forward.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its 50-day SMA on 8/20/12, thereby turning systematically bearish again.
The S&P 500 (SPX: 1,418.13) fell 0.03 points or 0.00% on Monday. Stocks overcame moderate morning weakness to close near their highest levels of the day.
Since 6/4/12, SPX has recovered nearly all of its April-June drop.
Stock price indexes appear “overbought” or “extended” at 2% to 3% above 20-day EMAs.
Momentum oscillators turned downward, and the shorter, faster ones still demonstrate bearish divergence.
The number of stocks making new highs is a fraction of July’s peak numbers.
NYSE volume fell 5% on Friday and was 29% below its 200-day SMA. Volume has been running near the lowest levels of the year since 8/8/12, possibly reflecting diminishing enthusiasm for stocks, as well as summer vacations. On-Balance Volume for the SPX remains in a downtrend with bearish divergence. NYSE Cumulative Volume of Advancing Stocks minus Volume of Declining Stocks remains weak relative to price. Volume has not been confirming the price up move.
It takes volume to push prices up. After the shorts have been forced to cover and the longs have had their fill of buying, in the absence of a fresh source of demand, stocks fall of their own weight.
With the stock price indexes far above their 4-year lows and very close to the top end of their 4-year price range, downside risk may exceed upside potential for the stock market. Choosing safety over risk appears to be the most reasonable approach for conservative traders and investors.
For extensive coverage of major global markets with illustrative charts, take a free trial for my weekly report —
click here.
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Hedge funds and equity mutual funds both lost money last year, 2011, and some are down again this year as well.
Meanwhile, one money manager made gains for 5 consecutive quarters; see:
Robert W. Colby Asset Management, Inc. (click here).
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Stock Market Indicators
The Dow Theory signaled a Primary Tide Bear Market on 5/17/12 when both Industrials and Transports closed below their closing price lows of the previous 4 months, including the critical lows of March and April, 2012. The Averages gave an early warning by diverging after 2/3/12, as the Transports turned corrective and failed to confirm higher highs by the Industrials. Again on 5/1/12, the Industrials rose to a higher closing price high while the Transports failed to rise to a higher closing price high, thereby indicating a non-confirmation and bearish divergence. Currently, the Industrials are very close to their highs of the year, but the Transports continue to lag well below their highs, thereby demonstrating a bearish divergence.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) rose above its 50-day SMA on 8/6/12, thereby turning systematically bullish again. QQQ/SPY remains above its 200-day SMA, and its 50-day SMA has been above its 200-day SMA since 8/5/11.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below its lows of the previous 3 years on 7/23/12, reconfirming its bearish trend. Short term, BKF/SPY turned systematically bearish again on 8/14/12, when it fell below its 50-day SMA. BKF/SPY remains below its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA every day since 1/13/11.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below its lows of the previous 3 years on 7/23/12, reconfirming its bearish trend. EEM/SPY turned systematically bearish again on 8/17/12, when it fell below its 50-day SMA. EEM/SPY remains below its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA every day since 2/3/11.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) reconfirmed a bearish major trend when it fell below its lows of the previous 9 years on 7/24/12. EFA/SPY turned systematically neutral 8/3/12 when it rose above its 50-day SMA. EFA/SPY remains below its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA every day since 1/14/11.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) rose above its highs of the previous 2 years on 7/31/12, thereby reconfirming its preexisting major bullish trend. OEF/SPY remains systematically bullish above its 50-day SMA, above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA consistently every day since 8/24/11. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size. On the other side of the coin, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors prefer riskier and more volatile stocks.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below its lows of the previous 10 months on 8/1/12, thereby confirming its major downtrend. Systematically, the IWM/SPY ratio remains bearish: below its 50-day SMA, below its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA consistently every day since 4/20/12.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 10 months on 8/1/12, thereby confirming its major downtrend. Short term, MDY/SPY fell below its 50-day SMA on 8/20/12, thereby turning systematically bearish again. MDY/SPY remains below its 200-day SMA, and its 50-day SMA has been below its 200-day SMA since 6/6/12.
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Sentiment for Contrary Thinking
Investor sentiment data indicated alarming degrees of optimism and bullish complacency at the February to May 2012 market highs. That was bearish because when the majority of investors has been bullish for some time, investors are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout. The pendulum of emotion tends to swing too far in one direction, but market mood always reverts to the mean, as it did during the April-June downside stock market correction.
AAII Sentiment shows that individual investors are bullish. As of 8/16/12, there were 36.84% Bulls and 28.07% Bears.
Investors Intelligence Sentiment shows that stock market newsletter advisors are bullish. As of 8/15/12, there were 43.6% Bulls and 26.6% Bears.
Hulbert Stock Newsletter Sentiment Index showed that the average recommended equity exposure among a subset of the shortest-term stock market timers jumped to 50.0% in August, up from previous peaks at 47.0% in July and 42.0% in May. “Watch out for a correction — or worse. The odds of a stock market correction are now quite elevated,” according to Mark Hulbert, writing for MarketWatch on 8/8/12.
Corporate Insiders Are Bearish. Insiders sold 5.5 shares for each share bought in July–up from 1.6-to-1 in May and up from a long-term average of 2.25-to-1. The data was reported by Vickers Weekly Insider Report, published by Argus Research, and Mark Hulbert.
NYSE Short Interest fell by more than 0.5 billion shares, the largest drop since January. This source of short-covering, potential demand for stocks has diminished.
The ICI reported $62.6 billion has been withdrawn from domestic equity mutual funds so far in 2012. This is another confirmation that supply is greater than demand for stocks.
VIX Fear Index fell to 13.30 intraday on 8/17/12, its lowest level in more than 5 years, since 6/20/07. VIX fell from an intraday peak of 27.73 on 6/4/12. This large drop suggests a shift from worried concern to bullish complacency. 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 S&P 500 Composite 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
1422.38, high of 4/2/2012
1418.71, high of 8/17/2012
The S&P 500 Composite Potential Support
1415.32, high of 5/1/2012
1391.04, low of 8/6/2012
1389.07, Fibonacci 78.6% of April-June 2012 range
1388.71, low of 5/3/2012
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
1363.08, 50-day SMA
1362.93, Fibonacci 61.8% of April-June 2012 range
1357.38, low of 4/10/2012
1355.70, low of 7/2/2012
1344.56, Fibonacci 50% of April-June 2012 range
1340.34, Fibonacci 23.6% of 2011-12 range
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1331.10, 200-day SMA
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1326.19, Fibonacci 38.2% of April-June 2012 range
1325.41, low of 7/12/2012
1306.62, low of 6/12/2012
1303.47, Fibonacci 23.6% of April-June 2012 range
1291.98, low of 5/18/2012
1289.59, Fibonacci 38.2% of 2011-12 range
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1257.58, Fibonacci 61.8% of 2011 range
1248.58, Fibonacci 50.0% of 2011-12 range
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
1207.56, Fibonacci 61.8% of 2011-12 range
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
1149.16, Fibonacci 78.6% R of 2011-12 range
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
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) fell below its 50-day SMA on 8/7/12 turning systematically neutral. TLT remains above its 200-day SMA, and its 50-day SMA has remained above its 200-day SMA every day since 6/24/11. TLT rose to a new high on 7/24/12, thereby confirming its preexisting major uptrend. Support 120.52, 117.44, 115.69, 114.82, 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 126.39, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) fell below its 50-day SMA on 8/7/12 turning systematically neutral. IEF remains above its 200-day SMA, and its 50-day SMA has remained above its 200-day SMA every day since 6/21/11. IEF rose to a new high on 7/24/12, thereby confirming its preexisting major uptrend. Support 106.43, 105.84, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 108.19, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) whipsawed back above its 50-day SMA on 8/7/12, thereby turning systematically neutral again. JNK/LQD remains below its 200-day SMA, and its 50-day SMA fell below its 200-day SMA on 6/1/12.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) rose above its 50-day SMA on 8/1/12, thereby turning systematically neutral. TIP/IEF remains below its 200-day SMA, and its 50-day SMA crossed below its 200-day SMA on 6/27/12.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) fell below its 50-day SMA on 8/3/12, turning systematically neutral. UUP remains above its 200-day SMA, and its 50-day SMA has stayed above its 200-day SMA every day since 10/26/11. Support 22.38, 22.14, 21.89, 21.74, 21.58, 21.07, and 20.84. Resistance 23.14, 23.52, 25.84, 27.19, 28.97.
CRB Commodity Price Index remains systematically neutral: above its 50-day SMA, above its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA every day since 8/18/11.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) looks to be consolidating short term, since peaking at 30.44 on 7/30/12. DBA is systematically bullish: above its 50-day SMA, above its 200-day SMA, and its 50-day SMA rose above its 200-day SMA on 8/13/12. High food prices could bring trouble for the general economy because more consumer spending for food means less consumer spending available for other goods and services.
Crude Oil, United States Oil ETF (USO) rose above its highs of the previous 3 months on 8/17/12. USO turned systematically neutral on 7/16/12, when price rose above its 50-day SMA. USO remains below its 200-day SMA, and its 50-day remains far below its 200-day SMA. Support 34.34, 32.45, 31.40, 29.02, 26.28, and 22.74. Resistance 36.97, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) rose above its 50-day SMA on 8/3/12, thereby turning systematically neutral. GLD remains below its 200-day SMA, and its 50-day SMA has stayed below its 200-day SMA every day since 4/17/12. Support: 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 159.20, 162.18, 163.20, 164.89, 166.57, 174.00, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) rose above its 50-day SMA on 8/16/12, thereby turning systematically neutral again. GDX/GLD remains below its 200-day SMA, and its 50-day SMA has remained bearishly below its 200-day SMA every day since 2/22/11.
Silver, iShares Silver Trust ETF (SLV) price whipsawed back above its 50-day SMA on 8/3/12, thereby turning systematically neutral again for the short term. SLV remains below its 200-day SMA, and its 50-day SMA has remained below the 200-day SMA every day since 10/27/11. Support 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 27.48, 27.60, 27.98, 28.26, 29.02, 30.52, 31.64, 32.34, 33.44, 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 20 months on 6/28/12, reconfirming its major downtrend. Short term, SLV/GLD turned systematically neutral again when it rose above its 50-day SMA on 8/17/12. SLV/GLD remains below its 200-day SMA, and the 50-day SMA has remained below the 200-day SMA every day since 8/30/11.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price whipsawed back below its 50-day SMA on 8/20/12, thereby turning systematically bearish again for the short term. Longer term, JJC fell to its lowest level in 8 months on 8/2/12, thereby confirming its major bearish trend. JJC price remains below its 200-day SMA, and its 50-day SMA has remained below its 200-day SMA every day since 5/31/12. In addition, JJC remains far below its 2011 high at 61.69 and has underperformed the stock market since 12/31/10. Given that “Dr. Copper” is one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, this relative weakness may be suggesting rising doubts about prospects going forward.
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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
5.63% , AET , AETNA
2.65% , KWT , Solar Energy MV, KWT
4.29% , UIS , UNISYS
0.37% , EPU , Peru MSCI iS, EPU
3.40% , LUV , SOUTHWEST AIRLS
2.91% , HRB , H&R BLOCK
3.18% , MPEL , Melco Crown Entertainment, MPEL
0.48% , RPV , Value S&P 500, RPV
1.68% , SIL , Silver Miners Global X, SIL
0.42% , IXN , Technology Global, IXN
2.64% , SLV , Silver Trust iS, SLV
3.30% , VLO , VALERO ENERGY
0.61% , PIC , Insurance, PIC
2.78% , DELL , DELL
2.32% , HIG , HARTFORD FINL
0.36% , PZI , Micro Cap Zachs, PZI
1.60% , GRMN , GARMIN LTD
1.92% , COL , ROCKWELL COLLINS
0.38% , EWY , South Korea Index, EWY
0.10% , IXG , Financials Global LargeCap Value, IXG
1.31% , LTD , LIMITED BRANDS
2.63% , AAPL , APPLE COMPUTER
1.96% , WPO , Washington Post
1.62% , GS , GOLDMAN SACHS
1.00% , SNV , SYNOVUS
0.65% , HUM , HUMANA
1.49% , MDT , MEDTRONIC
0.73% , BIG , BIG LOTS
2.92% , HPQ , HEWLETT PACKARD
0.21% , JKI , Value MidCap iS M, JKI
3.27% , C , CITIGROUP
0.30% , MYY , Short 100% MidCap 400, MYY
0.13% , KCE , Capital Markets KWB ST, KCE
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-10.41% , BBY , BEST BUY
-5.78% , LOW , LOWES
-0.61% , PWO , OTC Dynamic PS, PWO
-0.84% , VOX , Telecom Services VIPERs, VOX
-2.97% , WM , WASTE MANAGEMENT
-0.60% , ADRA , Asia 50 BLDRS, ADRA
-1.11% , IGN , Networking, IGN
-0.67% , SOXX , Semiconductor iS IGW, SOXX
-5.18% , GNTX , Gentex Corporation
-2.16% , VFC , VF
-3.42% , LVLT.K , LEVEL 3 COMMUNICATIONS
-1.15% , PXQ , Networking, PXQ
-8.25% , RSH , RADIOSHACK
-0.75% , PMR , Retail, PMR
-0.13% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-1.27% , VIA.O , VIACOM INC. (New)
-0.47% , JKJ , SmallCap Core iS M, JKJ
-0.31% , FRN , Frontier Markets Guggenheim , FRN
-0.57% , PHO , Water Resources, PHO
-0.57% , IWO , Growth SmallCap R 2000, IWO
-0.75% , XSD , Semiconductor SPDR, XSD
-0.45% , JKG , MidCap Blend Core iS M, JKG
-2.89% , ADSK , AUTODESK
-0.22% , MTK , Technology MS sT, MTK
-1.07% , PEG , PUBL SVC ENTER
-0.86% , NWSA , News Corporation, NWSA
-1.71% , SVU , SUPERVALU
-0.08% , BWX , Bond Ex-US Treas, BWX
-1.51% , TER , TERADYNE
-1.54% , S , SPRINT NEXTEL
-0.74% , VBK , Growth SmallCap VIPERs, VBK
-1.53% , PCAR , PACCAR
-0.20% , ADRU , Europe 100 BLDRS, ADRU
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.64% Silver Trust iS, SLV
1.08% Agriculture DB PS, DBA
0.95% Metals & Mining SPDR, XME
0.72% Australia Index, EWA
0.65% India PS, PIN
0.54% Dividend ex-U.S. DJ iS, IDV
0.50% Pacific ex-Japan, EPP
0.46% Commodity Tracking, DBC
0.38% South Korea Index, EWY
0.34% Gold Shares S.T., GLD
0.30% Financial Services DJ, IYG
0.29% India Earnings WTree, EPI
0.29% Hong Kong Index, EWH
0.28% Financials VIPERs, VFH
0.28% Bond, Long-Term Corp iBoxx iS, LQD
0.26% Financial SPDR, XLF
0.26% Technology DJ US, IYW
0.23% WilderHill Clean Energy PS, PBW
0.23% Singapore Index, EWS
0.21% Financial DJ US, IYF
0.21% Health Care SPDR, XLV
0.21% Bond, 20+ Years Treasury, TLT
0.19% Utilities SPDR, XLU
0.18% LargeCap Blend S&P 100, OEF
0.18% Value LargeCap Dynamic PS, PWV
0.18% Canada Index, EWC
0.18% Info Tech VIPERs, VGT
0.15% QQQ Nasdaq 100 Trust, QQQ
0.14% Malaysia Index, EWM
0.13% Basic Materials DJ US, IYM
0.13% Dividend International, PID
0.13% Capital Markets KWB ST, KCE
0.12% Bond, High Yield Corp iBoxx iS, HYG
0.11% Thailand MSCI iS, THD
0.11% Bond, Emerg Mkt JPM iS, EMB
0.10% Technology SPDR, XLK
0.09% South Africa Index, EZA
0.09% Value VIPERs, VTV
0.08% Chile MSCI iS, ECH
0.08% Utilities VIPERs, VPU
0.08% Bond, High-Yield Junk, JNK
0.06% LargeCap Value Russell 1000 iS, IWD
0.06% Bond, 10 Year Treasury, IEF
0.05% LargeCap Value S&P 500 iS, IVE
0.05% LargeCap VIPERs, VV
0.04% Oil Fund PowerShares, DBO
0.03% LargeCap Blend S&P 500 iS, IVV
0.03% SmallCap Blend EAFE MSCI iS, SCZ
0.02% Brazil Index, EWZ
0.01% SmallCap Value Russell 2000 iS, IWN
0.01% S&P 500 SPDRs LargeCap Blend, SPY
0.00% LargeCap Growth Russell 1000 iS, IWF
0.00% Growth EAFE MSCI, EFG
0.00% Germany Index, EWG
0.00% France Index, EWQ
0.00% Energy & Nat Res iS GS, IGE
0.00% Emerging VIPERs, VWO
0.00% Dividend High Yield Equity PS, PEY
0.00% Consumer Staples SPDR, XLP
0.00% China LargeCap Growth G D H USX PS, PGJ
0.00% Bond, 1-3 Year Treasury, SHY
-0.01% Bond Treasury Short-Term iS, SHV
-0.01% Transportation Av DJ, IYT
-0.01% LargeCap Blend Russell 1000 iS, IWB
-0.01% LargeCap Growth S&P 500 iS, IVW
-0.01% Blend Total Market VIPERs, VTI
-0.02% Emerging 50 BLDRS, ADRE
-0.02% Biotech SPDR, XBI
-0.03% Bear, Short S&P 500, SH
-0.03% DIAMONDS (DJIA), DIA
-0.04% Bond, Intermediate US Aggregate iS, AGG
-0.04% Pacific VIPERs, VPL
-0.04% Global LargeCap Blend MSCI iS, ACWI
-0.05% Latin Am 40, ILF
-0.05% Emerging Markets MSCI iS, EEM
-0.05% Bond, TIPS U.S. Treasury iS, TIP
-0.06% Bond, Muni S&P ATM-Free iS, MUB
-0.07% Global 100, IOO
-0.07% Growth VIPERs, VUG
-0.08% Real Estate US DJ iS, IYR
-0.08% Bond Ex-US Treas, BWX
-0.09% Dividend U.S. DJ iS, DVY
-0.10% LargeCap Blend S&P=Weight R, RSP
-0.10% Preferred Stock iS, PFF
-0.11% Foreign LargeCap EAFE MSCI iS, EFA
-0.12% China 25 iS, FXI
-0.12% Dividend SPDR, SDY
-0.13% Turkey MSCI iS, TUR
-0.13% LargeCap Blend Russell 3000 iS, IWV
-0.14% Microcap Russell, IWC
-0.14% Value MidCap Russell, IWS
-0.15% Financial Preferred, PGF
-0.15% Energy Global, IXC
-0.15% Global ex U.S. LargeCap Blend, ACWX
-0.16% Value SmallCap VIPERS, VBR
-0.19% Materials SPDR, XLB
-0.20% Value EAFE MSCI, EFV
-0.20% Dividend Appreciation Vipers, VIG
-0.21% Indonesia MV, IDX
-0.21% Japan Index, EWJ
-0.22% Industrial SPDR, XLI
-0.22% SmallCap Blend Russell 2000 iS, IWM
-0.22% European VIPERs, VGK
-0.22% Netherlands Index, EWN
-0.22% Europe 350 S&P Index, IEV
-0.24% MidCap Value S&P 400 iS, IJJ
-0.24% Belgium Index, EWK
-0.24% EMU Europe Index, EZU
-0.25% SmallCap Blend S&P 600 iS, IJR
-0.28% SmallCap Value S&P 600 iS, IJS
-0.29% REIT VIPERs, VNQ
-0.29% Switzerland Index, EWL
-0.30% MidCap S&P 400 SPDRs, MDY
-0.30% Energy VIPERs, VDE
-0.31% Frontier Markets Guggenheim , FRN
-0.31% MidCap Russell, IWR
-0.31% Taiwan Index, EWT
-0.32% MidCap Blend S&P 400 iS, IJH
-0.32% Small Cap VIPERs, VB
-0.33% Oil, Crude, U.S. Oil Fund, USO
-0.34% Energy SPDR, XLE
-0.35% United Kingdom Index, EWU
-0.36% Energy DJ, IYE
-0.37% REIT Wilshire, RWR
-0.42% Consumer Discretionary SPDR, XLY
-0.43% Realty Cohen & Steers, ICF
-0.43% Mexico Index, EWW
-0.49% MidCap Growth S&P 400 iS, IJK
-0.57% SmallCap Growth Russell 2000 iS, IWO
-0.57% Growth MidCap Russell, IWP
-0.57% Water Resources, PHO
-0.63% SmallCap Growth S&P 600 iS, IJT
-0.65% Spain Index, EWP
-0.67% Sweden Index, EWD
-0.67% Semiconductor iS IGW, SOXX
-0.69% Telecom DJ US, IYZ
-0.72% Russia MV, RSX
-0.74% Growth SmallCap VIPERs, VBK
-0.75% Semiconductor SPDR, XSD
-0.78% Italy Index, EWI
-1.11% Networking, IGN
