by Robert W. Colby, Senior Analyst, TraderPlanet.com
Stock Market: a last minute rally saved a plus day…but recovery attempts still appear to be losing steam.
Dead-cat bounces may be viewed as selling opportunities when the Primary Tide Trend is Bearish.
Investors focus on capital preservation.
On Friday, major stock price indexes chopped up and down in another volatile trading session but finished on the plus side. Stocks were lower most of the morning but were higher most of the afternoon. Stocks flirted with minus numbers until a late rally in the final 10 minutes saved the day for the Bulls. The Standard & Poor’s 500 cash index (968.75) closed up 14.66 points, or 1.54%. Total NYSE volume rose 3%, indicating slightly greater interest in trading stocks.
CATS remains Short. CATS Sold Short at the Open on Wednesday, 10/29/08. CATS Simulated Cumulative Equity rose to a another new all-time high on Wednesday. From 9/8/08 to 10/29/08, CATS Simulated Cumulative Equity soared by more than 81% to new all-time highs, assuming 50% margin and zero transaction costs. CATS is the Colby Algorithmic Timing System. (Click here for a graph of simulated performance.)
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
% Price Change, Symbol, Name
2.94% , IIH , Internet Infrastructure H, IIH
4.53% , JKJ , SmallCap Core iS M, JKJ
2.20% , PHW , Hardware & Electronics, PHW
4.91% , RZV , Value SmallCap S&P 600, RZV
20.54% , CTB , COOPER TIRE
12.50% , NCC , NATIONAL CITY
11.02% , AOC , AON
10.64% , MNST , MONSTER WORLDWID
17.80% , DYN , DYNEGY
3.76% , VBR , Value SmallCap VIPERS, VBR
6.44% , VNQ , REIT VIPERs, VNQ
3.20% , PKB , Building & Construction, PKB
29.89% , WYNN , Wynn Resorts L
4.62% , CI , CIGNA
2.91% , FPX , IPOs, First Tr IPOX-100, FPX
1.62% , RPG , Growth S&P 500, RPG
1.10% , DGT , Global Titans, DGT
11.11% , TXT , TEXTRON
9.21% , SNDK , SanDisk Corporation
6.25% , NVLS , NOVELLUS SYS
11.31% , JCP , JC PENNEY
4.35% , PMR , Retail, PMR
9.65% , JPM , J P MORGAN CHASE
4.15% , VB , Small Cap VIPERs, VB
2.19% , TBH , Telebras HOLDRS, TBH*
3.06% , CEPH , Cephalon Inc
9.22% , BBY , BEST BUY
5.82% , CINF , CINCINNATI FIN
12.82% , JWN , NORDSTROM
2.22% , FDL , Dividend Leaders, FDL
8.60% , WMB , WILLIAMS
8.95% , KLAC , KLA TENCOR
2.71% , PXQ , Networking, PXQ
3.15% , JKF , Value LargeCap iS M, JKF
6.10% , BAC , BANK OF AMERICA
7.17% , RHT , Red Hat Inc.
6.56% , DGX , QUEST DIAG
2.20% , PXN , Nanotech Lux, PXN
8.51% , TER , TERADYNE
1.99% , VIG , Dividend Appreciation Vipers, VIG
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-17.85% , ERTS , ELECTRONIC ARTS
-11.53% , CCL , CARNIVAL STK A
-17.46% , CMI , CUMMINS
-13.33% , CC , CIRCUIT CITY STR
-10.32% , S , SPRINT NEXTEL
-10.40% , TE , TECO ENERGY
-4.98% , HMA , HEALTH MGMT STK A
-4.12% , AET , AETNA
-1.27% , PWP , Value MidCap Dynamic PS, PWP
-8.03% , ADM , ARCHER DANIELS
-3.21% , ETN , EATON
-5.38% , PFG , PRINCIPAL FINL
-0.31% , XSD , Semiconductor SPDR, XSD
-1.33% , TTH , Telecom H, TTH
-3.47% , DTE , DTE ENERGY
-4.33% , TAP , ADOLPH COORS STK B, TAP
-1.52% , NI , NISOURCE
-3.42% , TLAB , TELLABS
-5.63% , PEG , PUBL SVC ENTER
-2.78% , UTH , Utilities H, UTH
-4.83% , FE , FIRSTENERGY
-1.44% , IXP , Telecommunications Global, IXP
-2.96% , ADSK , AUTODESK
-1.51% , A , AGILENT TECH
-3.69% , PGN , PROGRESS ENERGY
-1.72% , TDC , Teradata Corporation, TDC
-0.78% , EWD , Sweden Index, EWD
-1.30% , TLT , Bond, 20+ Years Treasury, TLT
-5.50% , HBAN , HUNTINGTON
-1.95% , AYE , ALLEGHENY ENERGY
-2.72% , VZ , VERIZON COMMS
-3.22% , JBL , JABIL CIRCUIT
-3.68% , QCOM , QUALCOMM
-2.61% , SO , SOUTHERN
-2.48% , EWU , United Kingdom Index, EWU
-2.79% , RDC , ROWAN COMPANIES
-2.67% , DUK , DUKE ENERGY
-4.34% , XL , XL CAPITAL STK A
-4.75% , BJS , BJ SERVICES
-0.62% , XLP , Consumer Staples SPDR, XLP
Sectors: among the 9 major U.S. sectors, 6 rose and 3 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
4.86% Financial SPDR, XLF
4.08% Consumer Discretionary SPDR, XLY
3.32% Industrial SPDR, XLI
2.09% Energy SPDR, XLE
1.13% Materials SPDR, XLB
0.08% Health Care SPDR, XLV
-0.60% Technology SPDR, XLK
-0.62% Consumer Staples SPDR, XLP
-2.66% Utilities SPDR, XLU
Primary Tide Trends for the 9 major sectors last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):
Consumer Staples (XLP) Neutral, Market Weight. On 10/10/08, XLP/SPY Relative Strength Ratio rose to another new 5-year high, but XLP absolute price fell to a new 2-year low. All 9 sectors have lost in 2008, but XLP has lost least.
Health Care (XLV) Neutral, Market Weight. On 10/24/08, XLV/SPY Relative Strength Ratio rose to another new 4-year high. But on 10/10/08, XLV absolute price fell to a new 5-year low.
Utilities (XLU) Bearish, Underweight. On 10/10/08, the XLU absolute price fell to another new 2-year low.
Consumer Discretionary (XLY) Bearish, Underweight. On 10/24/08, XLY absolute price fell to its lowest level in 5 years.
Technology (XLK) Bearish, Underweight. On 10/24/08, the XLK absolute price fell to a new 5-year low.
Industrial (XLI) Bearish, Underweight. On 10/24/08, the XLI absolute price fell to a new 5-year low.
Energy (XLE) Bearish, Underweight. On 10/10/08, the XLE absolute price hit another new 18-month intraday low.
Materials (XLB) Bearish, Underweight. On 10/27/08, the XLB absolute price fell to a new 5-year low.
Financial (XLF) Bearish, Underweight. On 10/10/08, the XLF absolute price hit another new 10-year low. The XLF long-term trend of relative strength has been trending down since 2/20/07.
Foreign stock index EFA Relative Strength Ratio has sharply underperformed the S&P 500 since 11/27/07. EFA absolute price fell to a new 5-year low on 10/27/08 and has been in a falling trend since 10/31/07. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.
NASDAQ Composite remains Bearish. On 10/24/08, the absolute price made another new 5-year low, reconfirming long-term trend weakness.
NASDAQ 100 Index the intraday price hit a new 5-year low on 10/24/08.
Growth Stock/Value Stock Relative Strength Ratio has been trending down since it peaked on 7/15/08.
The Small Cap/Large Cap Relative Strength Ratio has been trending down since it peaked on 9/19/08.
Crude Oil futures December contract price closed slightly higher but still looks weak. On 10/27/08, oil fell to a new low of 61.30 intraday. The short-term trend appears doubtful, while the intermediate-term trend remains clearly Bearish. U.S. OIL FUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.
The Energy stock sector has outperformed Crude Oil since 10/9/08.
Gold futures contract price broke down below the lows of the previous 3 trading days. Gold still appears Bearish for the short-term. Gold remains in an intermediate-term downtrend since the peak of 1033.90 on 3/17/08.
Gold Mining stocks continue to underperform Gold futures on a major trend basis.
U.S. Treasury Bond futures contract price broke down below the lows of the previous 8 trading days. Bonds appear Bearish for the short term and uncertain for the intermediate-term. Long term, Bonds have been in a neutral sideways trend since June 2003.
iShares iBoxx $ Invest Grade Corp Bond (LQD) ETF absolute price and LQD/TLT Relative Strength Ratio both fell to multi-year new lows on 10/10/08. Bond investors appear to be seriously concerned about the economic outlook.
iShares Lehman TIPS Bond (TIP) ETF Relative Strength suggests deflation. The TIP/TLT Relative Strength ratio has been in a persistent downtrend since 7/3/08.
The U.S. dollar broke above the high of the previous day. The short-term trend still appears uncertain. The dollar just made a new 24-month high on 10/27/08, so the longer-term trend is still Bullish.
The Art of Contrary Thinking: Traders need to be extremely nimble to keep up with rapid changes in the mass mood. The business and financial news has flipped from fear to hope and back again this year, creating record high levels of volatility. Investors might be wise to focus on risk control.
Sentiment/Contrary Opinion: There were 23.1% Bulls versus 52.9% Bears as of 10/29/2008, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 0.44, up from 0.41 the previous week. This is still an extreme level of pessimism. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47. Contrary Opinion must be tempered with other timing tools, of course.
VIX Fear Index, now at 59.89, fell further below its 18-year high of 80.06, set on 10/27/08. The 18-year low was 9.89 on 1/24/07. 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.
VXN Fear Index, now at 60.30, fell further below its 7-year high of 79.16 set on 10/27/08. The record high was 114.23 on 10/8/98. The record low was 12.61 on 7/29/05. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.
CBOE Put/Call Ratio is 0.75, which indicates Bearish sentiment. Its 4-year mean and median are 0.62, and its 4-year range is 0.35 to 1.28.
ISEE Call/Put Ratio is 1.21, which indicates Bearish sentiment. The ratio’s 4-year mean is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.16.
Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and the net balance of positive earnings surprises. The unfolding fallout from the subprime credit market crisis has derailed that engine. Economic statistics and corporate earnings have weakened and seem likely to weaken further over the next several months.
The Dow Theory reconfirmed a Primary Tide Bear Market on 10/27/08, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their previous lowest closing prices of 2006-2008. These two Averages originally signaled a Primary Tide Bear Market on 11/21/07, when both closed below their closing price lows of August, 2007.
Shock and Fear. There is nothing new under the sun. The Dow Theory described this type of market many decades ago. From my book, The Encyclopedia of Technical Market Indicators , Second Edition : “The second Bear phase is marked by a sudden mood change, from optimism and hope to shock and fear. One day, the public wakes up and sees, much to its surprise, that “the emperor has no clothes”. Actual fundamental business conditions are not panning out to be as positive as previously hoped. In fact, there may be a little problem. The smart money is long gone, and there is no one left to buy when the public wants out. Stock prices drop steeply in a vacuum. Fear quickly replaces greed. Repeated waves of panic may sweep the market. Transactional volume swells as the unsophisticated investor screams, “Get me out at any price!” Sharp professional traders are willing to bid way down in price for stocks when prices drop too far too fast. The best that can be expected, however, is a dead-cat bounce that recovers only a fraction of the steep loss.”
The breadth of the market has been in a Bearish trend long term since June 2007. The number of New Lows has exceeded the number of New Highs most days for more than a year, since July 2007, and that is one sign of a Bear Market. On 10/27/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 2-year lows, reconfirming that the major breadth trends remain Bearish.
To discover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500 cash index (968.75):
Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15, high of 8/11/2008
1,274.42, high of 9/8/2008
1,255.09, high of 9/12/2008
1238.807, Fibonacci 78.6% of 1,576.09 high
1,220.03, high of 9/25/2008
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008
985.44, high of 10/20/2008
984.38, high of 10/31/2008
To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index (968.75):
Potential Support
941.43, Fibonacci 78.6% of 2002-2007 upmove
839.80, low of 10/10/2008
788.05, Fibonacci 50.0% of 1,576.09 high
768.63, low of 10/10/2002
602.07, Fibonacci 38.2% of 1,576.09 high
Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
8.57% Internet B2B H, BHH
7.66% Realty Cohen & Steers, ICF
7.17% REIT Wilshire, RWR
6.44% REIT VIPERs, VNQ
6.30% Real Estate US DJ, IYR
5.85% Insurance, PIC
5.68% Ultra MidCap400 Double, MVV
5.34% Microcap Russell, IWC
5.12% Bank Regional H, RKH
5.09% Value SmallCap S&P 600 B, IJS
5.06% Financials VIPERs, VFH
5.01% Homebuilders SPDR, XHB
4.91% Value SmallCap S&P 600, RZV
4.86% Financial SPDR, XLF
4.86% Financial Services DJ, IYG
4.81% Financial DJ US, IYF
4.79% SmallCap PS Zacks, PZJ
4.71% SmallCap S&P 600, IJR
4.53% SmallCap Core iS M, JKJ
4.52% Value SmallCap Russell 2000, IWN
4.51% SmallCap Russell 2000, IWM
4.39% Value SmallCap iS M, JKL
4.35% Retail, PMR
4.33% WilderHill Clean Energy PS, PBW
4.24% Capital Markets KWB ST, KCE
4.23% Growth SmallCap R 2000, IWO
4.16% Transportation Av DJ, IYT
4.15% Small Cap VIPERs, VB
4.08% Growth BARRA Small Cap 600, IJT
4.08% Consumer Discretionary SPDR, XLY
4.02% Growth MidCap S&P 400, RFG
3.95% Leisure & Entertainment, PEJ
3.89% Ultra S&P500 Double, SSO
3.85% Growth SmallCap VIPERs, VBK
3.76% Value SmallCap VIPERS, VBR
3.74% MidCap Blend Core iS M, JKG
3.72% Value Small Cap DJ, DSV
3.71% Micro Cap Zachs, PZI
3.56% Ultra Dow30 Double, DDM
3.49% Extended Mkt VIPERs, VXF
3.47% Value SmallCap Dynamic PS, PWY
3.41% Telecommunications & Wireless, PTE
3.40% Consumer D. VIPERs, VCR
3.40% Austria Index, EWO
3.32% Industrial SPDR, XLI
3.32% Biotech & Genome, PBE
3.30% Value MidCap S&P 400, RFV
3.26% OTC Dynamic PS, PWO
3.24% Software, PSJ
3.23% Dividend High Yield Equity PS, PEY
3.20% Building & Construction, PKB
3.16% Taiwan Index, EWT
3.15% Value LargeCap iS M, JKF
3.10% MidCap S&P 400 iS, IJH
3.05% Dividend SPDR, SDY
3.02% Spain Index, EWP
3.01% Growth SmallCap iS M, JKK
2.94% Oil, Crude, U.S. Oil Fund, USO
2.94% Internet Infrastructure H, IIH
2.92% Retail H, RTH
2.91% IPOs, First Tr IPOX-100, FPX
2.84% Industrials VIPERs, VIS
2.79% Telecom Services VIPERs, VOX
2.75% Semiconductors, PSI
2.71% Networking, PXQ
2.66% Telecom DJ US, IYZ
2.63% Growth MidCap 400 B, IJK
2.61% Value MidCap S&P 400 B, IJJ
2.57% Biotech SPDR, XBI
2.56% MidCap Russell, IWR
2.55% Value MidCap iS M, JKI
2.51% Value LargeCap Fundamental RAFI 1000, PRF
2.47% Aerospace & Defense, PPA
2.46% LargeCap Blend Core iS M, JKD
2.44% Dividend Growth PS, PHJ
2.39% Dividend DJ Select, DVY
2.38% Water Resources, PHO
2.35% Belgium Index, EWK
2.34% Value S&P 500, RPV
2.33% Value VIPERs, VTV
2.31% Growth 1000 Russell, IWF
2.30% Industrial LargeCap Blend DJ US, IYJ
2.23% Financials Global LargeCap Value, IXG
2.23% MidCap VIPERs, VO
2.23% Switzerland Index, EWL
2.23% Metals & Mining SPDR, XME
2.22% Dividend Leaders, FDL
2.21% Blend Total Market VIPERs, VTI
2.20% Euro STOXX 50, FEZ
2.20% Hardware & Electronics, PHW
2.20% Nanotech Lux, PXN
2.15% Wilshire 5000 ST TM, TMW
2.13% Consumer Cyclical DJ, IYC
2.12% LargeCap Blend S&P=Weight R, RSP
2.12% Value S&P 500 B, IVE
2.11% Netherlands Index, EWN
2.10% Value 1000 Russell, IWD
2.09% Energy SPDR, XLE
2.08% Value LargeCap Euro STOXX 50 DJ, FEU
2.05% LargeCap 1000 R, IWB
2.04% Germany Index, EWG
2.03% Pharmaceutical H, PPH
2.03% Internet Architecture H, IAH
1.99% Dividend Appreciation Vipers, VIG
1.97% LargeCap Blend Russell 3000, IWV
1.91% Health Care VIPERs, VHT
1.85% Growth EAFE MSCI, EFG
1.82% Semiconductor H, SMH
1.80% S&P 500 iS LargeCap Blend, IVV
1.79% Energy Exploration & Prod, PXE
1.73% LargeCap Blend Total Market DJ, IYY
1.73% Growth LargeCap Russell 3000, IWZ
1.70% Growth Small Cap DJ, DSG
1.64% Growth LargeCap NASDAQ Fidelity, ONEQ
1.63% Value LargeCap Russell 3000, IWW
1.62% Growth S&P 500, RPG
1.62% South Africa Index, EZA
1.58% LargeCap VIPERs, VV
1.57% Growth SmallCap Dynamic PS, PWT
1.56% Growth VIPERs, VUG
1.56% LargeCap Blend Dynamic PS, PWC
1.54% Growth S&P 500/BARRA, IVW
1.54% Value Line Timeliness MidCap Gr, PIV
1.53% European VIPERs, VGK
1.51% Healthcare DJ, IYH
1.49% MidCap S&P 400 SPDRs, MDY
1.49% EMU Europe Index, EZU
1.46% MidCap Growth iS M, JKH
1.44% Basic Materials DJ US, IYM
1.41% Growth Large Cap, ELG
1.40% Value LargeCap NYSE 100 iS, NY
1.40% Consumer Staples VIPERs, VDC
1.39% Technology Global, IXN
1.38% Internet H, HHH
1.37% Energy Global, IXC
1.37% Healthcare Global, IXJ
1.37% Oil & Gas, PXJ
1.33% Europe 100 BLDRS, ADRU
1.29% Value 40 Large Low P/E FT DB, FDV
1.28% LargeCap Blend S&P 100, OEF
1.28% Value MidCap Russell, IWS
1.27% Semiconductor iS GS, IGW
1.26% Materials VIPERs, VAW
1.26% Europe 350 S&P Index, IEV
1.26% Growth MidCap Russell, IWP
1.22% Food & Beverage, PBJ
1.15% Global 100, IOO
1.13% Materials SPDR, XLB
1.13% LargeCap Blend S&P 1500 iS, ISI
1.12% Commodity Tracking, DBC
1.10% Global Titans, DGT
1.10% Energy DJ, IYE
1.08% DIAMONDS (DJIA), DIA
0.98% Pharmaceuticals, PJP
0.98% Italy Index, EWI
0.91% LargeCap Blend NYSE Composite iS, NYC
0.90% Info Tech VIPERs, VGT
0.83% Energy VIPERs, VDE
0.81% LargeCap Rydex Rus Top 50, XLG
0.79% Technology DJ US, IYW
0.78% Technology GS, IGM
0.70% Dividend International, PID
0.66% Software H, SWH
0.65% EAFE Index, EFA
0.55% S&P 500 SPDRs LargeCap Blend, SPY
0.55% Value EAFE MSCI, EFV
0.52% Value Large Cap DJ, ELV
0.52% Ultra QQQ Double, QLD
0.46% Natural Resource iS GS, IGE
0.44% France Index, EWQ
0.42% Malaysia Index, EWM
0.39% LargeCap Blend Socially Responsible iS, KLD
0.37% Short 200% QQQ PS, QID
0.18% Software, IGV
0.15% Growth LargeCap NASDAQ 100, QQQQ
0.13% Biotech H, BBH
0.12% Emerging VIPERs, VWO
0.08% Health Care SPDR, XLV
0.05% Bond, 1-3 Year Treasury, SHY
0.04% Value LargeCap Dynamic PS, PWV
0.02% Growth LargeCap iS M, JKE
-0.05% Developed 100 BLDRS, ADRD
-0.07% China LargeCap Growth G D H USX PS, PGJ
-0.08% Oil Services H, OIH
-0.08% Consumer Non-Cyclical, IYK
-0.11% Japan Index, EWJ
-0.15% Pacific ex-Japan, EPP
-0.20% Short 100% QQQ, PSQ
-0.20% Bond, 10 Year Treasury, IEF
-0.24% Technology MS sT, MTK
-0.31% Semiconductor SPDR, XSD
-0.31% Bond, Aggregate, AGG
-0.36% Canada Index, EWC
-0.41% Bond, Corp, LQD
-0.55% Bond, TIPS, TIP
-0.58% Short 100% Dow 30, DOG
-0.60% Technology SPDR, XLK
-0.62% Consumer Staples SPDR, XLP
-0.64% Networking, IGN
-0.65% Dividend Achievers PS, PFM
-0.77% Japan LargeCap Blend TOPIX 150, ITF
-0.78% Sweden Index, EWD
-0.86% Emerging Markets, EEM
-0.91% Emerging 50 BLDRS, ADRE
-0.95% Asia 50 BLDRS, ADRA
-1.03% Silver Trust iS, SLV
-1.04% Utilities, PUI
-1.07% Broadband H, BDH
-1.08% Latin Am 40, ILF
-1.10% Utilities DJ, IDU
-1.27% Value MidCap Dynamic PS, PWP
-1.29% Short 100% S&P 500, SH
-1.30% Bond, 20+ Years Treasury, TLT
-1.33% Telecom H, TTH
-1.33% Pacific VIPERs, VPL
-1.34% Utilities VIPERs, VPU
-1.44% Telecommunications Global, IXP
-1.60% Short 100% MidCap 400, MYY
-1.64% Australia Index, EWA
-1.86% Growth Mid Cap Dynamic PS, PWJ
-1.88% Gold Shares S.T., GLD
-1.91% China 25 iS, FXI
-2.04% India Earnings WTree, EPI
-2.07% Lg Cap Growth PSD, PWB
-2.09% Mexico Index, EWW
-2.43% Hong Kong Index, EWH
-2.48% United Kingdom Index, EWU
-2.66% Utilities SPDR, XLU
-2.78% Utilities H, UTH
-3.03% Singapore Index, EWS
-3.15% Short 200% Dow 30 PS, DXD
-3.45% Short 200% S&P 500 PS, SDS
-3.66% Brazil Index, EWZ
-5.08% South Korea Index, EWY
-6.17% Short 200% MidCap 400 PS, MZZ
