By Robert W. Colby, Senior Analyst TraderPlanet.com
Standoff…Lost momentum…Vulnerable to a reversal?
The “reports” of the day seemed mostly Bearish for stocks.
Nevertheless, stocks held up well, showing resilience.
Materials and Energy Stock Sectors were relatively strong.
Consumer Discretionary and Financial Stock Sectors were relatively weak.
Another drop in volume suggested reluctance to chase prices higher.
Stock sentiment has rapidly reverted toward the mean.
Commodities, Oil, and Gold reversed to the upside, somewhat tentatively.
On Tuesday, major stock price indexes opened higher, chopped down and up in a relatively narrow range, and finally closed about where they opened. NYSE volume fell by 7%, suggesting some reluctance to chase prices higher after a 5-day rally. Still, the volume of advancing stocks was 58% greater than the volume of declining stocks, indicating net buying pressure on balance.
Tuesday’s price action fit the definition of a Doji, a Japanese Candlestick Chart pattern that indicates indecision. A doji has no real body, that is, the open and the close are equal. A doji indicates no net price movement from the first price to the last price recorded during the predefined time interval that formed the candlestick–in this case, one day. A doji indicates a lack of progress, a standoff, and an equal balance between the forces of supply and demand. A doji also implies uncertainty about the trend. The bulls and bears are said to be in a “tug of war” that has reached a standstill. The implication is that whatever trend that existed before the doji now has lost momentum and is vulnerable to correction or reversal.
The “reports” of the day seemed to be mostly Bearish. The Consumer Confidence Index for March fell below expectations and hit a new 5-year low at 64.5. The S&P/Case-Shiller Home Price Index fell 10.7%. Merrill Lynch research analysts downgraded banking stocks. The U.S. dollar fell while the CRB Index, Oil, and Gold rose, suggesting inflation.
The main technical trend is still down for the broad-based stock price indexes. But some days, the fundamental worries are temporarily displaced by hopes for some kind of a rescue, from the Fed, the government, or big investors. Day to day, the stock market has been quite reactive to the news, rumors, and “reports” of the day, which certainly have been plentiful, although not always accurate. These “reports” strike at any unpredictable moment, like bolts out of the blue, disrupting trends and making short-term trading risky. In such a shifty market, be nimble, be quick, and control your risk.
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
0.77% , RFG , Growth MidCap S&P 400, RFG
1.33% , PXQ , Networking, PXQ
3.62% , ASH , ASHLAND
11.73% , SANM , SANMINA
6.87% , BJS , BJ SERVICES
9.86% , MON , MONSANTO
1.23% , JKH , MidCap Growth iS M, JKH
4.31% , NBR , NABORS
3.21% , RPG , Growth S&P 500, RPG
7.33% , PWER , POWER ONE
5.40% , PMTC.O , PARAMETRIC
2.41% , EWD , Sweden Index, EWD
1.17% , EWK , Belgium Index, EWK
4.40% , YHOO , YAHOO
1.57% , PBE , Biotech & Genome, PBE
0.66% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
0.41% , PSJ , Software, PSJ
2.36% , EWI , Italy Index, EWI
3.53% , NSC , NORFOLK SOUTHERN
1.58% , TMO , THERMO ELECTRON
4.31% , KSU , Kansas City Southern, KSU
1.40% , BBH , Biotech H, BBH
2.45% , VAW , Materials VIPERs, VAW
2.98% , NOVL , NOVELL
1.53% , EWQ , France Index, EWQ
3.39% , MLNM , Millennium Pharmaceuticals Inc
2.52% , ABI , Applera Corp-Applied Biosystems Group (ABI)
2.28% , CFC , COUNTRYWIDE FNCL
0.78% , VIS , Industrials VIPERs, VIS
4.11% , FCX , FREEPRT MCMORAN STK B
1.37% , PHO , Water Resources, PHO
1.14% , EWO , Austria Index, EWO
3.10% , FII , FED INVESTORS STK B
1.38% , FPX , IPOs, First Tr IPOX-100, FPX
1.03% , ITF , Japan LargeCap Blend TOPIX 150, ITF
1.22% , EWP , Spain Index, EWP
2.96% , SEE , SEALED AIR
2.65% , BLL , BALL
2.43% , OIH , Oil Services H, OIH
3.98% , XTO , XTO ENERGY INC
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-7.89% , MTG , MGIC INVESTMENT
-5.49% , CCU , CLEAR CHANNEL
-3.95% , VLO , VALERO ENERGY
-3.53% , GRMN , GARMIN LTD
-3.48% , MCK , MCKESSON CORP
-3.74% , SGP , SCHERING PLOUGH
-3.12% , GCI , GANNETT
-3.41% , MDP , MEREDITH
-0.22% , ISI , LargeCap Blend S&P 1500 iS, ISI
-2.87% , CTB , COOPER TIRE
-0.36% , JKD , LargeCap Blend Core iS M, JKD
-1.42% , COP , CONOCOPHILLIPS
-4.50% , SUN , SUNOCO
-2.69% , CZN , CITIZENS COMMS STK B
-0.87% , OEF , LargeCap Blend S&P 100, OEF
-2.43% , S , SPRINT NEXTEL
-1.17% , DUK , DUKE ENERGY
-1.20% , GR , GOODRICH CORP
-2.88% , STI , SUNTRUST BANKS
-1.97% , PAYX , PAYCHEX
-0.51% , VNQ , REIT VIPERs, VNQ
-1.98% , KG , KING PHARM
-1.32% , AGN , ALLERGAN
-2.52% , MV , METAVANTE TECHNOLOGIES, MV
-1.20% , UNH , UNITEDHEALTH GRP
-1.75% , RTH , Retail H, RTH
-1.25% , IPG , INTERPUBLIC GRP
-0.89% , XEL , XCEL ENERGY
-1.19% , EXC , EXELON CORP
-0.21% , IVV , S&P 500 iS LargeCap Blend, IVV
-0.21% , IAH , Internet Architecture H, IAH
-0.18% , UTH , Utilities H, UTH
-0.67% , ED , CON ED
-1.28% , ACE , ACE
-1.05% , VTV , Value VIPERs, VTV
-2.26% , IACI , IAC/INTERACTIVCORP
-0.40% , EFX , EQUIFAX
-0.41% , DTE , DTE ENERGY
-0.47% , D , DOMINION RSCS
-0.86% , MU , MICRON TECH
Sectors: among the 9 major U.S. sectors, 6 rose and 3 fell.
Major Sectors Ranked for the Day
% Price Change Sector
3.00% Materials SPDR, XLB
1.00% Energy SPDR, XLE
0.61% Industrial SPDR, XLI
0.25% Consumer Staples SPDR, XLP
0.19% Health Care SPDR, XLV
0.09% Technology SPDR, XLK
-0.29% Utilities SPDR, XLU
-0.30% Financial SPDR, XLF
-0.81% Consumer Discretionary SPDR, XLY
Looking beyond the daily fluctuation to the major trends (listed in order of long-term relative strength):
Energy (XLE) Neutral, Market Weight. On 3/6/08, the XLE/SPY Relative Strength Ratio rose to new all-time high, confirming a major uptrend.
Materials (XLB) Neutral, Market Weight. On 3/6/08, the XLB/SPY Relative Strength Ratio rose to a new all-time high, confirming a major uptrend.
Consumer Staples (XLP) Neutral, Market Weight. On 3/19/08, the XLP/SPY Relative Strength Ratio rose to new 5-year high.
Industrial (XLI) Neutral, Market Weight. On 3/18/08, the XLI/SPY Relative Strength Ratio rose to another new all-time high.
Technology (XLK) Bearish, Underweight. On 2/25/08, the XLK/SPY Relative Strength Ratio fell to a new 10-month low, confirming a significant downtrend.
Utilities (XLU) Neutral, Market Weight. The XLU/SPY Relative Strength Ratio has eroded significantly since its all-time high on 1/9/08, and so Utilities have been slipping in these rankings.
Health Care (XLV) Bearish, Underweight. On 3/20/08, the XLV/SPY Relative Strength Ratio made a new 4-month low.
Consumer Discretionary (XLY) Bearish, Underweight. On 2/21/08, the XLY/SPY Relative Strength Ratio fell to a new 3-week low, suggesting short-term weakness. On 1/11/08, the XLY/SPY Relative Strength Ratio fell to a new 6-year low, confirming a major downtrend.
Financial (XLF) Bearish, Underweight. On 3/17/08, both absolute price and the XLF/SPY Relative Strength Ratio fell to their lowest levels in nearly 5-years, again confirming a major Bearish trend.
Foreign stock indexes have turned relatively weak since 3/12/08. In addition, intermediate term, the EFA (the EAFE, international developed country stock markets,(ex the U.S. and Canada) has underperformed since 11/27/07.
NASDAQ Composite price turned upward since 3/17/18. The minor Ripple trend appears to be improving in recent days. But longer term, on 3/3/08, Relative Strength fell to a new 9-month low, confirming a significant downtrend.
Growth Stock/Value Stock Relative Strength Ratio turned down since 3/6/08 and underperformed since the peak on 11/7/07. The Growth/Value ratio (IWF/IWD) appears to be in an intermediate-term correction phase.
The Small Cap/Large Cap Relative Strength Ratio broke down to a new 2.5-year low on 1/11/07. It has been trending down since 4/19/06. The main long-term trend is Relatively Bearish for Small Caps.
Crude Oil (April futures contract) rose slightly after holding above last week’s low. The short-term trend appears to be losing downside momentum. Oil may have found some support in the 98-100 area. The long-term trend still appears to be up. The 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 underperformed Crude Oil since 12/10/07.
Gold (April futures contract) rebounded after losing downside momentum. The short-term trend may be turning up after finding support above 900. The long-term trend still appears to be up.
Silver sharply underperformed Gold since 3/5/07. In addition, iShares Silver Trust (AMEX: SLV) has been relatively weak compared to Gold longer term, since 12/7/06. Finally, for the past 28 years, since 1/2/80, Silver has underperformed Gold.
The Gold Miners ETF (GDX) fell hard since 3/14/08. Longer-term, GDX significantly underperformed Gold since 10/31/07. Therefore, GDX trends have been Bearish relative to Gold itself.
U.S. Treasury Bond prices recovered a modest fraction of Monday’s steep loss. Short-term momentum now looks uncertain. Bond prices benefit from fears of financial crisis, and they correct when crisis takes a back seat to some other news of the day. U.S. governments have been strong ,while corporate have been weak. U.S. Treasury Bond prices generally have been reactive to news about the credit crisis: the worse the credit crisis, the higher the Bond prices; the better the credit crisis, the lower the Bond prices.
The U.S. dollar reversed to the downside after losing upside momentum. No trend is a straight line, but the counter-trend corrections are hard to catch, and they pale in comparison to the major trend movements. The major trend of the dollar is down.
The Art of Contrary Thinking: Traders need to be extremely nimble to keep up with rapid changes in the mass mood of late. Beyond the day-to-day swings, sentiment never really reached levels associated with extreme pessimism. So, crowd psychology could get more Bearish before it is over. The business and financial news has flipped from fear to hope and back again every few days. Investors’ moods and stock volatility have jumped up and down abruptly with the latest “reports”. When mass psychology shifts so dramatically and unpredictably from hope to fear from one day to the next, risk control becomes more important than aggressive profit seeking. Stay flexible.
Sentiment/Contrary Opinion: There are more Bears than Bulls for the first time in years. According to the weekly Investors Intelligence newsletter survey as of 3/19/08, there were 30.9% Bulls and 44.7% Bears. The ratio of Bullish advisors to Bearish advisors fell to 0.69, the lowest level in more than 5 years, and down from 0.71 the previous week. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47.
VIX “Fear Index”, now at 25.72, is relatively normal by Bear Market standards (around 20 to 40) but relatively high by Bull Market standards (around 10 to 20). Longer term, VIX has been in a rising trend since it hit a 13-year low of 9.89 on 1/24/07. The all-time high was 45.74 on 10/8/98. 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 29.07, is relatively low by Bear Market standards (around 35 to 80) but relatively high by Bull Market standards (around 12 to 26). Longer term, VXN has been in a rising trend since it hit its all-time low of 12.61 on 7/29/05. The all-time high was 114.23 on 10/8/98. VXN measures Nasdaq Volatility using a method comparable to that used for VIX.
CBOE Put/Call Ratio is 0.76, which indicates moderately Bearish sentiment. Its 4-year simple moving average and median are 0.62, and its 4- year range is 0.35 to 1.28.
ISEE Call/Put Ratio is 1.34, which indicates moderately Bearish sentiment. It is below its 4-year simple moving average at 1.50 and its 4-year median at 1.47. That means customers opened fewer long call options and more long put options than normal. Its 4-year range is 0.51 to 3.04.
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 been weakening.
The Primary Tide Major Trend turned Bearish, and that is a strong force. The Dow Theory confirmed a Primary Bear Market on 11/21/07 when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their respective closing price lows of August, 2007. On 11/7/07, the Transports closed below their 8/16/07 closing price low of 4,671.88. Then on 11/21/07, the Dow-Jones Industrial Average closed below its 8/16/07 closing price low of 12,845.78, thereby turning the Primary Tide 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 (1,352.99):
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
1,403.45, low of 1/7/2008
1,396.02, high of 2/1/2008
1,388.34, high of 2/27/2008
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 (1,352.99):
Potential Support
1,256.98, low of 3/17/2008
1,224.54, low of 7/18/2006
1,219.29, low of 6/14/2006
1,214.45, low of 11/4/2005
1,201.07, low of 11/2/2005
1,168.20, low of 10/13/2005
1,163.23, high of 3/5/2004
1,159.86, low of 5/17/2005
1,153.64, low of 5/16/2005
1,146.18, low of 5/13/2005
1,139.14, low of 4/29/2005
1,136.37, low of 4/20/2005
Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
5.89% Silver Trust iS, SLV
4.94% China 25 iS, FXI
4.26% China LargeCap Growth G D H USX PS, PGJ
3.62% Brazil Index, EWZ
3.21% Growth S&P 500, RPG
3.00% Materials SPDR, XLB
2.98% Latin Am 40, ILF
2.92% Gold Shares S.T., GLD
2.90% Oil & Gas, PXJ
2.56% Metals & Mining SPDR, XME
2.53% Basic Materials DJ US, IYM
2.49% Canada Index, EWC
2.46% Singapore Index, EWS
2.45% Broadband H, BDH
2.45% Materials VIPERs, VAW
2.43% Oil Services H, OIH
2.41% Sweden Index, EWD
2.36% Italy Index, EWI
2.33% Emerging 50 BLDRS, ADRE
2.24% Energy Exploration & Prod, PXE
2.13% Hong Kong Index, EWH
1.95% Euro STOXX 50, FEZ
1.87% Europe 100 BLDRS, ADRU
1.86% EMU Europe Index, EZU
1.79% Growth EAFE MSCI, EFG
1.78% Asia 50 BLDRS, ADRA
1.78% Europe 350 S&P Index, IEV
1.76% Value EAFE MSCI, EFV
1.75% Natural Resource iS GS, IGE
1.72% Value LargeCap Euro STOXX 50 DJ, FEU
1.70% European VIPERs, VGK
1.64% United Kingdom Index, EWU
1.63% Developed 100 BLDRS, ADRD
1.63% Dividend International, PID
1.57% Malaysia Index, EWM
1.57% Biotech & Genome, PBE
1.54% Emerging Markets, EEM
1.53% France Index, EWQ
1.51% Oil, Crude, U.S. Oil Fund, USO
1.46% WilderHill Clean Energy PS, PBW
1.46% EAFE Index, EFA
1.43% Building & Construction, PKB
1.40% Biotech H, BBH
1.39% Networking, IGN
1.38% IPOs, First Tr IPOX-100, FPX
1.38% South Africa Index, EZA
1.37% Water Resources, PHO
1.35% Value Line Timeliness MidCap Gr, PIV
1.33% Networking, PXQ
1.30% Semiconductor SPDR, XSD
1.28% Nanotech Lux, PXN
1.27% Switzerland Index, EWL
1.24% Capital Markets KWB ST, KCE
1.23% MidCap Growth iS M, JKH
1.22% Spain Index, EWP
1.22% Pacific ex-Japan, EPP
1.18% Micro Cap Zachs, PZI
1.17% Belgium Index, EWK
1.17% Growth Mid Cap Dynamic PS, PWJ
1.14% Austria Index, EWO
1.14% Realty Cohen & Steers, ICF
1.14% Pacific VIPERs, VPL
1.09% Emerging VIPERs, VWO
1.07% Energy Global, IXC
1.06% Ultra MidCap400 Double, MVV
1.05% Japan Index, EWJ
1.04% Food & Beverage, PBJ
1.03% Energy VIPERs, VDE
1.03% Japan LargeCap Blend TOPIX 150, ITF
1.02% Value MidCap S&P 400, RFV
1.01% Commodity Tracking, DBC
1.00% Energy SPDR, XLE
0.97% Software H, SWH
0.95% South Korea Index, EWY
0.92% Telecommunications Global, IXP
0.91% Growth LargeCap iS M, JKE
0.90% Mexico Index, EWW
0.90% Lg Cap Growth PSD, PWB
0.88% Growth MidCap Russell, IWP
0.87% Technology MS sT, MTK
0.87% Netherlands Index, EWN
0.87% Growth SmallCap Dynamic PS, PWT
0.85% Growth MidCap 400 B, IJK
0.85% Technology Global, IXN
0.85% LargeCap Blend NYSE Composite iS, NYC
0.85% Growth SmallCap R 2000, IWO
0.84% MidCap Blend Core iS M, JKG
0.80% Biotech SPDR, XBI
0.78% Industrials VIPERs, VIS
0.77% Financials Global LargeCap Value, IXG
0.77% Growth MidCap S&P 400, RFG
0.76% Energy DJ, IYE
0.75% MidCap VIPERs, VO
0.75% Ultra QQQ Double, QLD
0.75% Value MidCap S&P 400 B, IJJ
0.74% Growth SmallCap VIPERs, VBK
0.72% Biotechnology, IBB
0.69% Extended Mkt VIPERs, VXF
0.67% Value MidCap Russell, IWS
0.67% Software, IGV
0.67% OTC Dynamic PS, PWO
0.66% MidCap S&P 400 iS, IJH
0.66% Growth LargeCap NASDAQ Fidelity, ONEQ
0.66% MidCap Russell, IWR
0.63% Internet H, HHH
0.61% Industrial SPDR, XLI
0.59% MidCap S&P 400 SPDRs, MDY
0.58% Microcap Russell, IWC
0.58% Value SmallCap Dynamic PS, PWY
0.58% Growth LargeCap Russell 3000, IWZ
0.56% Growth LargeCap NASDAQ 100, QQQQ
0.56% Value Small Cap DJ, DSV
0.56% Growth 1000 Russell, IWF
0.51% Aerospace & Defense, PPA
0.50% Growth Small Cap DJ, DSG
0.49% Growth BARRA Small Cap 600, IJT
0.48% LargeCap Blend S&P=Weight R, RSP
0.47% REIT Wilshire, RWR
0.45% Bond, Corp, LQD
0.45% Transportation Av DJ, IYT
0.43% Wilshire 5000 ST TM, TMW
0.42% Bond, 20+ Years Treasury, TLT
0.41% Software, PSJ
0.41% SmallCap S&P 600, IJR
0.40% Growth SmallCap iS M, JKK
0.39% Growth Large Cap, ELG
0.38% Semiconductors, PSI
0.38% Insurance, PIC
0.37% Telecom Services VIPERs, VOX
0.36% Industrial LargeCap Blend DJ US, IYJ
0.36% Germany Index, EWG
0.35% Bond, 10 Year Treasury, IEF
0.35% Small Cap VIPERs, VB
0.35% LargeCap Blend Russell 3000, IWV
0.33% Leisure & Entertainment, PEJ
0.33% SmallCap Russell 2000, IWM
0.33% LargeCap 1000 R, IWB
0.33% Value SmallCap Russell 2000, IWN
0.30% Value MidCap Dynamic PS, PWP
0.30% Value SmallCap S&P 600, RZV
0.29% SmallCap PS Zacks, PZJ
0.29% Semiconductor iS GS, IGW
0.28% Value LargeCap Fundamental RAFI 1000, PRF
0.27% Value 1000 Russell, IWD
0.25% Value SmallCap S&P 600 B, IJS
0.25% Consumer Staples SPDR, XLP
0.25% Technology DJ US, IYW
0.23% LargeCap Blend Dynamic PS, PWC
0.23% Consumer Staples VIPERs, VDC
0.23% Info Tech VIPERs, VGT
0.22% Value 40 Large Low P/E FT DB, FDV
0.21% Technology GS, IGM
0.20% Semiconductor H, SMH
0.19% Value SmallCap VIPERS, VBR
0.19% Health Care SPDR, XLV
0.19% Value MidCap iS M, JKI
0.19% Growth VIPERs, VUG
0.19% Bond, Aggregate, AGG
0.18% Value LargeCap Russell 3000, IWW
0.11% Value LargeCap NYSE 100 iS, NY
0.11% Short 200% Dow 30 PS, DXD
0.11% Global 100, IOO
0.10% Value Large Cap DJ, ELV
0.10% SmallCap Core iS M, JKJ
0.10% S&P 500 SPDRs LargeCap Blend, SPY
0.09% Technology SPDR, XLK
0.07% Bond, 1-3 Year Treasury, SHY
0.06% Utilities, PUI
0.05% Short 100% QQQ, PSQ
0.04% Healthcare Global, IXJ
0.02% Health Care VIPERs, VHT
0.00% Value SmallCap iS M, JKL
0.00% Pharmaceuticals, PJP
0.00% Australia Index, EWA
-0.03% Dividend Growth PS, PHJ
-0.03% Growth S&P 500/BARRA, IVW
-0.05% Value LargeCap Dynamic PS, PWV
-0.06% LargeCap Blend Total Market DJ, IYY
-0.08% Healthcare DJ, IYH
-0.12% LargeCap Blend Socially Responsible iS, KLD
-0.17% Bond, TIPS, TIP
-0.17% DIAMONDS (DJIA), DIA
-0.18% Internet Infrastructure H, IIH
-0.18% Utilities H, UTH
-0.21% S&P 500 iS LargeCap Blend, IVV
-0.21% LargeCap Rydex Rus Top 50, XLG
-0.21% Internet Architecture H, IAH
-0.22% LargeCap Blend S&P 1500 iS, ISI
-0.22% Homebuilders SPDR, XHB
-0.23% Consumer Non-Cyclical, IYK
-0.23% Ultra S&P500 Double, SSO
-0.25% Dividend Achievers PS, PFM
-0.26% Dividend SPDR, SDY
-0.27% Consumer D. VIPERs, VCR
-0.29% Short 100% S&P 500, SH
-0.29% Utilities SPDR, XLU
-0.30% Financial SPDR, XLF
-0.31% Pharmaceutical H, PPH
-0.31% Dividend High Yield Equity PS, PEY
-0.32% Blend Total Market VIPERs, VTI
-0.32% Real Estate US DJ, IYR
-0.35% Dividend Appreciation Vipers, VIG
-0.36% LargeCap Blend Core iS M, JKD
-0.37% Dividend Leaders, FDL
-0.45% Financial DJ US, IYF
-0.46% Telecom H, TTH
-0.47% Utilities DJ, IDU
-0.48% LargeCap VIPERs, VV
-0.50% Short 100% Dow 30, DOG
-0.51% REIT VIPERs, VNQ
-0.55% Telecom DJ US, IYZ
-0.56% Bank Regional H, RKH
-0.58% Value S&P 500, RPV
-0.62% Consumer Cyclical DJ, IYC
-0.65% Financials VIPERs, VFH
-0.75% Retail, PMR
-0.76% Short 200% S&P 500 PS, SDS
-0.77% Utilities VIPERs, VPU
-0.79% Value S&P 500 B, IVE
-0.81% Consumer Discretionary SPDR, XLY
-0.85% Ultra Dow30 Double, DDM
-0.87% LargeCap Blend S&P 100, OEF
-0.92% Global Titans, DGT
-0.96% Financial Services DJ, IYG
-0.97% Hardware & Electronics, PHW
-0.97% Dividend DJ Select, DVY
-1.05% Value VIPERs, VTV
-1.12% Value LargeCap iS M, JKF
-1.20% Short 200% QQQ PS, QID
-1.54% Short 100% MidCap 400, MYY
-1.65% Telecommunications & Wireless, PTE
-1.75% Retail H, RTH
-1.77% Short 200% MidCap 400 PS, MZZ
-2.03% Taiwan Index, EWT
-5.41% Internet B2B H, BHH
