By Robert W. Colby, Senior Analyst TraderPlanet.com
Consumer Discretionary Stock Sector Relative Strength Ratio fell to a new 11-week low, suggesting renewed weakness.
Crude Oil futures broke out to a new all-time high, confirming oil’s Major Uptrend.
Energy Stock Sector Relative Strength Ratio rose to new all-time high, confirming a Major Uptrend.
U.S. Treasury Bond prices surged sharply higher, breaking the highs of the previous 6 trading days.
The U.S. dollar appears to be turning more Bearish again.
Gold futures jumped up, breaking a 3-week downtrend line.
For this 16-day correction/consolidation phase, a Minor Ripple within a Major Bearish Trend, stock price momentum appears to be rolling over to the downside. Preexisting Major Trends tend to resume after such short-term correction/consolidation phases run their course.
The “reports” of the day were mostly downbeat. Citigroup might dump $12 billion in leveraged loans and bonds onto a group of private equity firms—at a discount. Lehman Brothers and Goldman Sachs are stuck with many tens of billions of illiquid assets that are vulnerable to write-downs. United Parcel Service now expects earnings more than 6% below consensus estimates. Crude Oil broke out to a new all-time high, which hurts the economy and puts upward pressure on inflation.
The main technical trend still appears to be 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
4.77% , BA , BOEING
1.01% , IGW , Semiconductor iS GS, IGW
2.58% , COL , ROCKWELL COLLINS
2.45% , SUN , SUNOCO
6.50% , SNDK , SanDisk Corporation
2.79% , LH , LAB CRP OF AMER
1.96% , USO , Oil, Crude, U.S. Oil Fund, USO
3.02% , RIG , TRANSOCEAN
2.99% , APA , APACHE
2.15% , GLD , Gold Shares S.T., GLD
2.46% , DGX , QUEST DIAG
2.98% , DYN , DYNEGY
1.04% , TLT , Bond, 20+ Years Treasury, TLT
1.74% , HES , AMERADA HESS
0.70% , IXC , Energy Global, IXC
3.97% , BRCM , BROADCOM STK A
1.83% , RDC , ROWAN COMPANIES
1.13% , ESRX , EXPRESS SCRIPTS
1.67% , DBC , Commodity Tracking, DBC
0.39% , EWI , Italy Index, EWI
2.15% , GR , GOODRICH CORP
0.98% , SVU , SUPERVALU
1.24% , SRCL , Stericycle, SRCL
0.36% , UTH , Utilities H, UTH
1.81% , IAU , Gold COMEX iS, IAU
0.90% , ADM , ARCHER DANIELS
2.67% , NOV , NATIONAL OILWELL VARC0
0.25% , PSI , Semiconductors, PSI
2.14% , QID , Short 200% QQQ PS, QID
2.16% , OXY , OCCIDENTAL
0.60% , IEF , Bond, 10 Year Treasury, IEF
2.90% , SLV , Silver Trust iS, SLV
1.61% , SDS , Short 200% S&P 500 PS, SDS
1.41% , XLNX , XILINX
0.75% , CVX , CHEVRONTEXACO
0.50% , IGE , Natural Resource iS GS, IGE
0.66% , TIP , Bond, TIPS, TIP
0.59% , XSD , Semiconductor SPDR, XSD
1.19% , HMA , HEALTH MGMT STK A
0.27% , TDC , Teradata Corporation, TDC
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-1.56% , BDH , Broadband H, BDH
-3.37% , RZV , Value SmallCap S&P 600, RZV
-1.51% , PXQ , Networking, PXQ
-11.58% , TBH , Telebras HOLDRS, TBH*
-3.56% , IYT , Transportation Av DJ, IYT
-10.36% , CIT , CIT GROUP
-5.06% , URBN , Urban Outfitters Inc.
-4.20% , XMSR , XM Satellite R
-4.56% , RFMD , RF Micro Devices Inc
-6.50% , FMCN , Focus Media, FMCN
-1.47% , HHH , Internet H, HHH
-2.57% , EWH , Hong Kong Index, EWH
-1.77% , CC , CIRCUIT CITY STR
-6.32% , GT , GOODYEAR TIRE
-2.48% , RWR , REIT Wilshire, RWR
-1.14% , EWL , Switzerland Index, EWL
-7.17% , LEH , LEHMAN BROS HLDG
-3.35% , CPWR , COMPUWARE
-3.71% , SNPS , Synopsys Inc
-7.85% , MBI , MBIA
-2.66% , RFV , Value MidCap S&P 400, RFV
-3.74% , UPS , UNITED PARCEL STK B
-5.51% , HGSI , Human Genome Sciences Inc
-3.86% , BDK , BLACK & DECKER
-5.38% , COF , CAPITAL ONE FNCL
-2.16% , RTH , Retail H, RTH
-4.57% , RYAAY , Ryanair Holdings plc
-1.63% , DELL , DELL
-2.00% , PWT , Growth SmallCap Dynamic PS, PWT
-3.27% , NSC , NORFOLK SOUTHERN
-1.44% , IJK , Growth MidCap 400 B, IJK
-2.34% , EPP , Pacific ex-Japan, EPP
-1.61% , IWC , Microcap Russell, IWC
-2.32% , RHT , Red Hat Inc.
-3.89% , PETM , PETsMART Inc
-1.98% , ROST , Ross Stores Inc
-2.97% , SIRI , Sirius Satellite
-3.42% , AN , AUTONATION
-2.56% , BNI , BURLINGTON NORTH
-1.91% , PKB , Building & Construction, PKB
Sectors: among the 9 major U.S. sectors, 1 rose and 9 fell.
Major Sectors Ranked for the Day
% Price Change Sector
0.19% Energy SPDR, XLE
-0.25% Utilities SPDR, XLU
-0.43% Technology SPDR, XLK
-0.47% Health Care SPDR, XLV
-0.97% Industrial SPDR, XLI
-0.99% Consumer Staples SPDR, XLP
-1.07% Materials SPDR, XLB
-1.68% Financial SPDR, XLF
-2.20% Consumer Discretionary SPDR, XLY
Energy (XLE) Neutral, Market Weight. On 4/9/08, 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 3/28/08, the XLP/SPY Relative Strength Ratio rose to new 5-year high.
Industrial (XLI) Neutral, Market Weight. On 3/31/08, the XLI/SPY Relative Strength Ratio rose to another new all-time high.
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.
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.
Health Care (XLV) Bearish, Underweight. On 4/3/08, the XLV/SPY Relative Strength Ratio made another new 8-month low.
Consumer Discretionary (XLY) Bearish, Underweight. On 4/9/08, the XLY/SPY Relative Strength Ratio fell to a new 11-week low, suggesting renewed 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 shown better relative strength short-term, since 3/24/08. 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 underperformed since 11/7/07. The minor Ripple trend has improved only slightly since 3/3/08 and appears questionable at best. 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 1/11/08. It has been trending down since 4/19/06. The main long-term trend is Relatively Bearish for Small Caps.
Crude Oil futures broke out to a new all-time high, confirming the Major Uptrend. The short-term sideways consolidation pattern over the previous 16 trading days is over. 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 futures jumped up in a big Outside Day Bullish Reversal. Gold also broke a 3-week downtrend line. The short-term trend may be turning up, and the long-term trend still could be Bullish.
Silver sharply underperformed Gold since 3/5/08. 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 surged sharply higher, breaking the highs of the previous 6 trading days. 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 bonds have been weak.
The U.S. dollar appears to be turning more Bearish within its sideways consolidation pattern over the past 16 trading days. The minor trend may seem questionable, but 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. The business and financial news has flipped from fear to hope and back again many times in recent weeks, creating an extremely choppy trading environment. 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, without warning, risk control becomes more important than aggressive profit seeking. Stay flexible.
Sentiment/Contrary Opinion: There were 37.4% Bulls versus 38.5% Bears as of 4/9/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio remained at 0.97, unchanged from 0.97 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 22.81, 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 26.61, 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 0.90, 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 1.05, 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 (1,354.49):
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
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:
3.00% Short 200% MidCap 400 PS, MZZ
2.90% Silver Trust iS, SLV
2.15% Gold Shares S.T., GLD
2.14% Short 200% QQQ PS, QID
1.96% Oil, Crude, U.S. Oil Fund, USO
1.67% Commodity Tracking, DBC
1.61% Short 200% S&P 500 PS, SDS
1.60% Short 100% MidCap 400, MYY
1.27% Oil Services H, OIH
1.15% Semiconductor H, SMH
1.04% Bond, 20+ Years Treasury, TLT
1.01% Semiconductor iS GS, IGW
0.77% Short 100% S&P 500, SH
0.70% Energy Global, IXC
0.70% Energy Exploration & Prod, PXE
0.66% Bond, TIPS, TIP
0.60% Bond, 10 Year Treasury, IEF
0.59% Semiconductor SPDR, XSD
0.54% Energy DJ, IYE
0.50% Natural Resource iS GS, IGE
0.44% Bond, Aggregate, AGG
0.40% Short 100% QQQ, PSQ
0.39% Italy Index, EWI
0.36% Utilities H, UTH
0.25% Semiconductors, PSI
0.24% Energy VIPERs, VDE
0.21% Oil & Gas, PXJ
0.19% Bond, 1-3 Year Treasury, SHY
0.19% Energy SPDR, XLE
0.19% Utilities DJ, IDU
0.15% Aerospace & Defense, PPA
0.13% Short 200% Dow 30 PS, DXD
0.11% Austria Index, EWO
0.00% Malaysia Index, EWM
0.00% Internet B2B H, BHH
-0.03% Europe 100 BLDRS, ADRU
-0.04% Utilities VIPERs, VPU
-0.05% Utilities, PUI
-0.06% Short 100% Dow 30, DOG
-0.09% United Kingdom Index, EWU
-0.15% Technology DJ US, IYW
-0.15% Software H, SWH
-0.20% Internet Architecture H, IAH
-0.24% Value LargeCap Euro STOXX 50 DJ, FEU
-0.25% Pharmaceutical H, PPH
-0.25% Utilities SPDR, XLU
-0.29% Sweden Index, EWD
-0.30% Bond, Corp, LQD
-0.32% Canada Index, EWC
-0.35% European VIPERs, VGK
-0.38% Developed 100 BLDRS, ADRD
-0.38% DIAMONDS (DJIA), DIA
-0.39% Europe 350 S&P Index, IEV
-0.39% Consumer Staples VIPERs, VDC
-0.43% Technology SPDR, XLK
-0.47% LargeCap Blend Dynamic PS, PWC
-0.47% Health Care SPDR, XLV
-0.47% France Index, EWQ
-0.49% Germany Index, EWG
-0.50% Taiwan Index, EWT
-0.51% Netherlands Index, EWN
-0.53% EMU Europe Index, EZU
-0.54% LargeCap Blend NYSE Composite iS, NYC
-0.54% Growth S&P 500/BARRA, IVW
-0.54% Internet Infrastructure H, IIH
-0.56% Euro STOXX 50, FEZ
-0.57% Technology Global, IXN
-0.58% Technology GS, IGM
-0.58% Growth LargeCap iS M, JKE
-0.58% Basic Materials DJ US, IYM
-0.58% LargeCap Blend S&P 100, OEF
-0.59% Lg Cap Growth PSD, PWB
-0.59% Info Tech VIPERs, VGT
-0.59% Global 100, IOO
-0.60% Ultra Dow30 Double, DDM
-0.60% Growth 1000 Russell, IWF
-0.62% Belgium Index, EWK
-0.62% Telecommunications Global, IXP
-0.62% South Africa Index, EZA
-0.65% Healthcare DJ, IYH
-0.66% Growth EAFE MSCI, EFG
-0.67% LargeCap Blend Socially Responsible iS, KLD
-0.72% S&P 500 SPDRs LargeCap Blend, SPY
-0.76% Spain Index, EWP
-0.77% Brazil Index, EWZ
-0.77% Value LargeCap NYSE 100 iS, NY
-0.78% Emerging VIPERs, VWO
-0.81% Insurance, PIC
-0.81% S&P 500 iS LargeCap Blend, IVV
-0.82% Health Care VIPERs, VHT
-0.82% Value VIPERs, VTV
-0.82% EAFE Index, EFA
-0.83% LargeCap 1000 R, IWB
-0.84% LargeCap Rydex Rus Top 50, XLG
-0.84% Value MidCap Dynamic PS, PWP
-0.85% Healthcare Global, IXJ
-0.85% South Korea Index, EWY
-0.87% Value LargeCap iS M, JKF
-0.88% Technology MS sT, MTK
-0.90% LargeCap Blend Total Market DJ, IYY
-0.90% Blend Total Market VIPERs, VTI
-0.90% LargeCap Blend Core iS M, JKD
-0.90% Food & Beverage, PBJ
-0.92% Growth LargeCap Russell 3000, IWZ
-0.92% Value 40 Large Low P/E FT DB, FDV
-0.94% Growth S&P 500, RPG
-0.94% Dividend International, PID
-0.95% Value 1000 Russell, IWD
-0.96% Growth VIPERs, VUG
-0.97% Latin Am 40, ILF
-0.97% LargeCap Blend S&P 1500 iS, ISI
-0.97% Industrial SPDR, XLI
-0.97% Value Line Timeliness MidCap Gr, PIV
-0.97% LargeCap VIPERs, VV
-0.98% Pharmaceuticals, PJP
-0.98% Materials VIPERs, VAW
-0.98% OTC Dynamic PS, PWO
-0.99% Value LargeCap Russell 3000, IWW
-0.99% Dividend Achievers PS, PFM
-0.99% Consumer Staples SPDR, XLP
-1.00% Value LargeCap Dynamic PS, PWV
-1.03% LargeCap Blend Russell 3000, IWV
-1.04% Software, IGV
-1.06% Consumer Non-Cyclical, IYK
-1.07% Materials SPDR, XLB
-1.10% Dividend Appreciation Vipers, VIG
-1.11% Growth Mid Cap Dynamic PS, PWJ
-1.11% Growth SmallCap iS M, JKK
-1.12% Growth LargeCap NASDAQ 100, QQQQ
-1.12% Growth MidCap Russell, IWP
-1.13% Value Large Cap DJ, ELV
-1.14% Switzerland Index, EWL
-1.14% Value MidCap Russell, IWS
-1.16% MidCap Growth iS M, JKH
-1.17% Software, PSJ
-1.17% Growth Large Cap, ELG
-1.18% Value EAFE MSCI, EFV
-1.21% MidCap Blend Core iS M, JKG
-1.21% MidCap Russell, IWR
-1.21% Biotech H, BBH
-1.23% LargeCap Blend S&P=Weight R, RSP
-1.23% Value S&P 500 B, IVE
-1.25% Industrial LargeCap Blend DJ US, IYJ
-1.25% MidCap VIPERs, VO
-1.27% Growth BARRA Small Cap 600, IJT
-1.27% Wilshire 5000 ST TM, TMW
-1.29% Value LargeCap Fundamental RAFI 1000, PRF
-1.30% Growth LargeCap NASDAQ Fidelity, ONEQ
-1.34% SmallCap Core iS M, JKJ
-1.35% Emerging 50 BLDRS, ADRE
-1.36% Industrials VIPERs, VIS
-1.37% Value MidCap iS M, JKI
-1.37% Dividend Growth PS, PHJ
-1.39% IPOs, First Tr IPOX-100, FPX
-1.41% Growth MidCap S&P 400, RFG
-1.41% Value MidCap S&P 400 B, IJJ
-1.41% Dividend SPDR, SDY
-1.44% Growth MidCap 400 B, IJK
-1.47% Internet H, HHH
-1.48% Global Titans, DGT
-1.50% Japan Index, EWJ
-1.51% Bank Regional H, RKH
-1.51% Networking, PXQ
-1.52% Dividend DJ Select, DVY
-1.53% SmallCap S&P 600, IJR
-1.55% Leisure & Entertainment, PEJ
-1.55% Biotech & Genome, PBE
-1.56% Emerging Markets, EEM
-1.56% Broadband H, BDH
-1.57% Ultra S&P500 Double, SSO
-1.58% Water Resources, PHO
-1.58% Financials VIPERs, VFH
-1.61% Consumer Cyclical DJ, IYC
-1.61% Microcap Russell, IWC
-1.61% Growth SmallCap VIPERs, VBK
-1.62% MidCap S&P 400 SPDRs, MDY
-1.64% Dividend Leaders, FDL
-1.66% Hardware & Electronics, PHW
-1.66% Extended Mkt VIPERs, VXF
-1.67% Biotechnology, IBB
-1.68% Financial SPDR, XLF
-1.68% Growth Small Cap DJ, DSG
-1.68% Japan LargeCap Blend TOPIX 150, ITF
-1.70% SmallCap Russell 2000, IWM
-1.71% Small Cap VIPERs, VB
-1.73% Networking, IGN
-1.73% MidCap S&P 400 iS, IJH
-1.78% Metals & Mining SPDR, XME
-1.78% Asia 50 BLDRS, ADRA
-1.78% Nanotech Lux, PXN
-1.80% Growth SmallCap R 2000, IWO
-1.84% Value SmallCap VIPERS, VBR
-1.84% Mexico Index, EWW
-1.85% Telecom H, TTH
-1.86% Value SmallCap Dynamic PS, PWY
-1.89% Singapore Index, EWS
-1.91% Building & Construction, PKB
-1.93% Financial DJ US, IYF
-1.94% Financials Global LargeCap Value, IXG
-1.96% Micro Cap Zachs, PZI
-1.97% Pacific VIPERs, VPL
-1.98% Value SmallCap S&P 600 B, IJS
-2.00% Value Small Cap DJ, DSV
-2.00% Growth SmallCap Dynamic PS, PWT
-2.02% Telecom DJ US, IYZ
-2.03% Real Estate US DJ, IYR
-2.06% Biotech SPDR, XBI
-2.06% Value SmallCap iS M, JKL
-2.08% Value SmallCap Russell 2000, IWN
-2.11% Consumer D. VIPERs, VCR
-2.12% SmallCap PS Zacks, PZJ
-2.16% Retail H, RTH
-2.18% Ultra QQQ Double, QLD
-2.20% Consumer Discretionary SPDR, XLY
-2.21% Financial Services DJ, IYG
-2.26% Telecom Services VIPERs, VOX
-2.28% Telecommunications & Wireless, PTE
-2.30% WilderHill Clean Energy PS, PBW
-2.31% Realty Cohen & Steers, ICF
-2.34% Pacific ex-Japan, EPP
-2.40% Australia Index, EWA
-2.46% Retail, PMR
-2.48% REIT Wilshire, RWR
-2.49% Value S&P 500, RPV
-2.51% REIT VIPERs, VNQ
-2.57% Hong Kong Index, EWH
-2.66% Value MidCap S&P 400, RFV
-2.80% Dividend High Yield Equity PS, PEY
-3.11% Capital Markets KWB ST, KCE
-3.32% Ultra MidCap400 Double, MVV
-3.37% Value SmallCap S&P 600, RZV
-3.50% China 25 iS, FXI
-3.56% Transportation Av DJ, IYT
-3.64% China LargeCap Growth G D H USX PS, PGJ
-4.26% Homebuilders SPDR, XHB
