by Robert W. Colby, Senior Analyst, TraderPlanet.com
Stock Market: S&P 500 broke out above previous 3-week highs. A respite from bad news.
Short-term price momentum turned up, but volume remains below average.
The weakest trending stocks had the biggest gains while the strongest lagged.
Dead-cat bounces are best viewed as selling opportunities when the Primary Tide Trend is Bearish, as it is now.
Investors focus on capital preservation.
On Tuesday, major stock price indexes gapped higher on the open but immediately reversed. Another rally started at about 10:00 a.m., broke out above the open, and ran until nearly noon. Prices turned choppy to lower in the afternoon. In the final hour, a strong rally lifted stocks to higher highs on the day. The Standard & Poor’s 500 cash index (1,005.75) closed up 39.45 points, or 4.08%, breaking out above previous 3-week highs. Total NYSE volume rose 23%, indicating greater demand for stocks.
Credit markets sentiment rose on news of declines in the Libor Interbank interest rate and the TED Spread. Equity Markets responded Bullishly to a report that the U.S. Treasury is considering investments in a broader range of financial companies, in addition to banks and insurers. For a more complete explanation of U.S. Treasury policies, see: http://www.youtube.com/watch?v=GhRu9yzlTRI
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
11.42% , EWO , Austria Index, EWO
36.06% , CIT , CIT GROUP
4.03% , MTK , Technology MS sT, MTK
9.45% , IIH , Internet Infrastructure H, IIH
19.32% , ETFC.O , E*TRADE FINANCIAL
15.25% , ADM , ARCHER DANIELS
15.79% , LVLT , LEVEL 3 COMMUNICATIONS
4.77% , FPX , IPOs, First Tr IPOX-100, FPX
9.32% , EWI , Italy Index, EWI
17.97% , EXPD , Expeditors International WA
3.72% , RPV , Value S&P 500, RPV
11.42% , HBAN , HUNTINGTON
4.64% , SWH , Software H, SWH
9.42% , ETN , EATON
10.02% , EZU , EMU Europe Index, EZU
6.94% , SANM , SANMINA
14.76% , RYAAY , Ryanair Holdings plc
4.89% , JKE , Growth LargeCap iS M, JKE
10.57% , AFL , AFLAC
9.85% , MRVL , MARVELL TECHNOLOGY
11.20% , SWK , STANLEY WORKS
3.92% , PRF , Value LargeCap Fundamental RAFI 1000, PRF
22.82% , PFG , PRINCIPAL FINL
9.11% , EZA , South Africa Index, EZA
8.75% , TDC , Teradata Corporation, TDC
2.08% , RFG , Growth MidCap S&P 400, RFG
11.55% , SLM , SLM CORP
4.34% , IWW , Value LargeCap Russell 3000, IWW
3.94% , RSP , LargeCap Blend S&P=Weight R, RSP
9.82% , EWZ , Brazil Index, EWZ
5.90% , ADRA , Asia 50 BLDRS, ADRA
4.30% , XSD , Semiconductor SPDR, XSD
8.12% , LRCX , LAM RESEARCH CORP
5.11% , HHH , Internet H, HHH
7.62% , GE , GENERAL ELECTRIC
4.05% , EWM , Malaysia Index, EWM
6.18% , IAU , Gold COMEX iS, IAU
3.15% , PSI , Semiconductors, PSI
3.15% , JKD , LargeCap Blend Core iS M, JKD
7.45% , VMC , VULCAN MATERIALS
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-36.65% , THC , TENET HEALTHCARE
-7.58% , PPL , PPL
-11.87% , LPX , LOUISIANA PAC
-3.51% , PETM , PETsMART Inc
-4.15% , SH , Short 100% S&P 500, SH
-5.74% , AET , AETNA
-7.24% , SDS , Short 200% S&P 500 PS, SDS
-6.50% , QID , Short 200% QQQ PS, QID
-6.63% , DXD , Short 200% Dow 30 PS, DXD
-3.23% , PSQ , Short 100% QQQ, PSQ
-2.85% , UNH , UNITEDHEALTH GRP
-2.11% , MYY , Short 100% MidCap 400, MYY
-5.59% , UIS , UNISYS
-3.29% , DOG , Short 100% Dow 30, DOG
-3.48% , JNY , JONES APPAREL
-6.62% , SSCC , Smurfit-Stone Container Corporation
-3.18% , DLX , DELUXE
-0.59% , HPC , HERCULES
-3.57% , LNCR , Lincare Holdings Inc
-1.56% , CPWR , COMPUWARE
-1.77% , AES , AES
-1.22% , HSIC , Henry Schein Inc
-1.66% , ADSK , AUTODESK
-0.84% , MDT , MEDTRONIC
-2.75% , RSH , RADIOSHACK
-2.12% , PMTC.O , PARAMETRIC
-4.18% , CECO , CAREER EDUCATION CORP
-0.72% , SBUX , STARBUCKS
-1.43% , BBBY , BED BATH BEYOND
-1.33% , LIZ , LIZ CLAIRBORNE
-0.61% , PNW , PINNACLE WEST
-0.51% , MCO , MOODYS CORP
-8.96% , VC , VISTEON
-0.96% , HPQ , HEWLETT PACKARD
-0.35% , GIS , GENERAL MILLS
-1.59% , AMGN , AMGEN
-0.46% , CB , CHUBB
-1.22% , HGSI , Human Genome Sciences Inc
-0.46% , RAI , RJR TOBACCO HLDS
-0.28% , TEVA , Teva Pharmaceutical Industries Limited
9 Major U.S. Stock Sectors
Ranked on Latest One-Day Price Change
% Price Change, Sector ETF, Symbol
6.44% Energy SPDR, XLE
5.63% Financial SPDR, XLF
4.69% Materials SPDR, XLB
4.36% Industrial SPDR, XLI
4.20% Technology SPDR, XLK
3.94% Consumer Discretionary SPDR, XLY
1.88% Utilities SPDR, XLU
1.47% Consumer Staples SPDR, XLP
1.31% Health Care SPDR, XLV
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.
Technology (XLK) Bearish, Underweight. On 10/24/08, the XLK absolute price fell to a new 5-year low.
Consumer Discretionary (XLY) Bearish, Underweight. On 10/24/08, XLY absolute price fell to its lowest level in 5 years.
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. Relative Strength underperforming S&P 500 since 8/14/08. On 10/24/08, the absolute price made another new 5-year low, reconfirming absolute long-term trend weakness.
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 jumped to a new 2-week high. The short-term trend appears to be attempting an oversold bounce, 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 rose sharply, breaking above the highs of the previous 2 trading days. The short-term trend appears to be turning Bullish. 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 out above the highs of the previous 3 trading days. Bonds appear to be attempting an oversold bounce for the short term, but they still appear 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 fell sharply, breaking below the lows of the previous 2 trading days. The short-term trend appears to be turning Bearish. 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 47.73, 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 51.25, 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 0.71, 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 1.08, 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 last 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 (1,005.75):
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
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 (1,005.75):
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
13.21% Developed 100 BLDRS, ADRD
11.42% Austria Index, EWO
10.49% Sweden Index, EWD
10.02% EMU Europe Index, EZU
10.00% Oil Services H, OIH
9.82% Brazil Index, EWZ
9.62% Latin Am 40, ILF
9.60% Euro STOXX 50, FEZ
9.45% Internet Infrastructure H, IIH
9.32% Italy Index, EWI
9.32% Oil, Crude, U.S. Oil Fund, USO
9.13% Emerging Markets, EEM
9.11% South Africa Index, EZA
8.97% Netherlands Index, EWN
8.87% France Index, EWQ
8.79% Germany Index, EWG
8.76% Emerging VIPERs, VWO
8.47% Energy Global, IXC
8.45% Natural Resource iS GS, IGE
8.38% Spain Index, EWP
8.23% Australia Index, EWA
8.01% European VIPERs, VGK
7.99% Emerging 50 BLDRS, ADRE
7.72% Canada Index, EWC
7.42% Oil & Gas, PXJ
7.28% United Kingdom Index, EWU
7.16% Value EAFE MSCI, EFV
6.97% Europe 350 S&P Index, IEV
6.92% India Earnings WTree, EPI
6.92% Financials Global LargeCap Value, IXG
6.92% China 25 iS, FXI
6.86% EAFE Index, EFA
6.84% Realty Cohen & Steers, ICF
6.78% Energy VIPERs, VDE
6.73% Energy DJ, IYE
6.49% Taiwan Index, EWT
6.49% Hong Kong Index, EWH
6.48% Mexico Index, EWW
6.44% Energy SPDR, XLE
6.39% South Korea Index, EWY
6.38% Energy Exploration & Prod, PXE
6.35% Value LargeCap Euro STOXX 50 DJ, FEU
6.30% Dividend International, PID
6.16% Gold Shares S.T., GLD
5.98% Europe 100 BLDRS, ADRU
5.90% Asia 50 BLDRS, ADRA
5.88% Growth EAFE MSCI, EFG
5.88% Metals & Mining SPDR, XME
5.88% Pacific ex-Japan, EPP
5.70% Ultra QQQ Double, QLD
5.67% REIT Wilshire, RWR
5.64% Telecom H, TTH
5.63% Financial SPDR, XLF
5.60% REIT VIPERs, VNQ
5.56% Real Estate US DJ, IYR
5.52% Japan Index, EWJ
5.51% Belgium Index, EWK
5.49% Capital Markets KWB ST, KCE
5.46% China LargeCap Growth G D H USX PS, PGJ
5.45% Ultra S&P500 Double, SSO
5.43% Basic Materials DJ US, IYM
5.32% Homebuilders SPDR, XHB
5.31% Financial Services DJ, IYG
5.25% Switzerland Index, EWL
5.22% Materials VIPERs, VAW
5.20% Silver Trust iS, SLV
5.16% Japan LargeCap Blend TOPIX 150, ITF
5.11% Internet H, HHH
5.08% Value 40 Large Low P/E FT DB, FDV
5.05% Telecommunications Global, IXP
5.02% Industrial LargeCap Blend DJ US, IYJ
5.00% Financial DJ US, IYF
4.98% Pacific VIPERs, VPL
4.96% Bank Regional H, RKH
4.89% Growth LargeCap iS M, JKE
4.87% Ultra Dow30 Double, DDM
4.86% Value LargeCap iS M, JKF
4.78% Industrials VIPERs, VIS
4.77% IPOs, First Tr IPOX-100, FPX
4.77% Financials VIPERs, VFH
4.71% Global 100, IOO
4.69% Materials SPDR, XLB
4.64% Software H, SWH
4.61% Telecom DJ US, IYZ
4.59% Technology Global, IXN
4.54% Commodity Tracking, DBC
4.42% LargeCap Blend NYSE Composite iS, NYC
4.41% Lg Cap Growth PSD, PWB
4.36% Industrial SPDR, XLI
4.34% Value LargeCap Russell 3000, IWW
4.30% Semiconductor SPDR, XSD
4.27% Building & Construction, PKB
4.21% Semiconductor H, SMH
4.20% Technology SPDR, XLK
4.19% WilderHill Clean Energy PS, PBW
4.16% Value VIPERs, VTV
4.13% Utilities H, UTH
4.10% Dividend Leaders, FDL
4.08% MidCap Growth iS M, JKH
4.08% Dividend Growth PS, PHJ
4.05% Malaysia Index, EWM
4.03% Technology MS sT, MTK
3.99% LargeCap Rydex Rus Top 50, XLG
3.99% Value S&P 500 B, IVE
3.96% LargeCap VIPERs, VV
3.94% Telecom Services VIPERs, VOX
3.94% Consumer Discretionary SPDR, XLY
3.94% LargeCap Blend S&P=Weight R, RSP
3.92% Value LargeCap Fundamental RAFI 1000, PRF
3.91% Growth S&P 500/BARRA, IVW
3.91% MidCap VIPERs, VO
3.91% MidCap Blend Core iS M, JKG
3.91% LargeCap Blend Total Market DJ, IYY
3.88% LargeCap 1000 R, IWB
3.87% LargeCap Blend S&P 1500 iS, ISI
3.86% Value LargeCap NYSE 100 iS, NY
3.84% Wilshire 5000 ST TM, TMW
3.83% Value Large Cap DJ, ELV
3.82% Transportation Av DJ, IYT
3.81% Growth Large Cap, ELG
3.76% S&P 500 iS LargeCap Blend, IVV
3.75% Growth VIPERs, VUG
3.72% Semiconductor iS GS, IGW
3.72% Value S&P 500, RPV
3.71% Growth MidCap Russell, IWP
3.69% Value 1000 Russell, IWD
3.65% LargeCap Blend Socially Responsible iS, KLD
3.61% Leisure & Entertainment, PEJ
3.60% Blend Total Market VIPERs, VTI
3.59% Technology GS, IGM
3.59% LargeCap Blend S&P 100, OEF
3.58% Growth Mid Cap Dynamic PS, PWJ
3.54% Value MidCap iS M, JKI
3.53% Value LargeCap Dynamic PS, PWV
3.53% Dividend Achievers PS, PFM
3.46% Value MidCap Russell, IWS
3.46% MidCap Russell, IWR
3.41% Growth 1000 Russell, IWF
3.40% S&P 500 SPDRs LargeCap Blend, SPY
3.39% Info Tech VIPERs, VGT
3.35% Dividend High Yield Equity PS, PEY
3.35% Growth LargeCap Russell 3000, IWZ
3.34% Global Titans, DGT
3.28% Dividend Appreciation Vipers, VIG
3.26% LargeCap Blend Russell 3000, IWV
3.23% Aerospace & Defense, PPA
3.21% Technology DJ US, IYW
3.19% Networking, IGN
3.15% Semiconductors, PSI
3.15% LargeCap Blend Core iS M, JKD
3.12% Pharmaceutical H, PPH
3.11% Consumer D. VIPERs, VCR
2.98% DIAMONDS (DJIA), DIA
2.94% Broadband H, BDH
2.93% Water Resources, PHO
2.89% Consumer Non-Cyclical, IYK
2.86% LargeCap Blend Dynamic PS, PWC
2.83% Growth LargeCap NASDAQ 100, QQQQ
2.80% Growth S&P 500, RPG
2.64% Dividend DJ Select, DVY
2.61% Ultra MidCap400 Double, MVV
2.61% Value MidCap Dynamic PS, PWP
2.48% Software, IGV
2.46% Utilities DJ, IDU
2.46% Dividend SPDR, SDY
2.45% Consumer Cyclical DJ, IYC
2.33% Growth LargeCap NASDAQ Fidelity, ONEQ
2.32% Growth SmallCap iS M, JKK
2.23% Extended Mkt VIPERs, VXF
2.17% Healthcare Global, IXJ
2.15% Insurance, PIC
2.08% Growth MidCap S&P 400, RFG
2.01% MidCap S&P 400 iS, IJH
1.99% Growth MidCap 400 B, IJK
1.97% Value MidCap S&P 400 B, IJJ
1.91% Consumer Staples VIPERs, VDC
1.91% Telecommunications & Wireless, PTE
1.91% Growth SmallCap Dynamic PS, PWT
1.88% Utilities SPDR, XLU
1.88% Growth SmallCap VIPERs, VBK
1.88% Bond, 20+ Years Treasury, TLT
1.85% Retail H, RTH
1.77% OTC Dynamic PS, PWO
1.74% MidCap S&P 400 SPDRs, MDY
1.73% Value MidCap S&P 400, RFV
1.67% Value Line Timeliness MidCap Gr, PIV
1.61% Growth Small Cap DJ, DSG
1.61% Bond, Aggregate, AGG
1.59% Utilities VIPERs, VPU
1.57% Hardware & Electronics, PHW
1.56% SmallCap S&P 600, IJR
1.56% Growth BARRA Small Cap 600, IJT
1.55% Small Cap VIPERs, VB
1.55% Bond, TIPS, TIP
1.54% Healthcare DJ, IYH
1.47% Consumer Staples SPDR, XLP
1.42% Growth SmallCap R 2000, IWO
1.41% Value Small Cap DJ, DSV
1.39% Value SmallCap VIPERS, VBR
1.31% Health Care SPDR, XLV
1.30% Value SmallCap iS M, JKL
1.29% SmallCap PS Zacks, PZJ
1.23% Utilities, PUI
1.20% Value SmallCap Russell 2000, IWN
1.20% Bond, 10 Year Treasury, IEF
1.19% Food & Beverage, PBJ
1.19% Health Care VIPERs, VHT
1.15% SmallCap Russell 2000, IWM
1.08% Software, PSJ
1.06% SmallCap Core iS M, JKJ
1.04% Value SmallCap S&P 600 B, IJS
1.02% Value SmallCap Dynamic PS, PWY
1.00% Biotech & Genome, PBE
0.94% Nanotech Lux, PXN
0.89% Biotech SPDR, XBI
0.70% Pharmaceuticals, PJP
0.68% Bond, Corp, LQD
0.68% Singapore Index, EWS
0.56% Internet B2B H, BHH
0.45% Internet Architecture H, IAH
0.28% Microcap Russell, IWC
0.25% Networking, PXQ
0.09% Value SmallCap S&P 600, RZV
0.08% Retail, PMR
-0.03% Bond, 1-3 Year Treasury, SHY
-0.40% Micro Cap Zachs, PZI
-0.63% Biotech H, BBH
-2.11% Short 100% MidCap 400, MYY
-3.23% Short 100% QQQ, PSQ
-3.29% Short 100% Dow 30, DOG
-4.15% Short 100% S&P 500, SH
-4.29% Short 200% MidCap 400 PS, MZZ
-6.50% Short 200% QQQ PS, QID
-6.63% Short 200% Dow 30 PS, DXD
-7.24% Short 200% S&P 500 PS, SDS
