By Robert W. Colby, Senior Analyst TraderPlanet.com
Short-term stock market momentum turned Bearish.
The SPY ETF broke down from a Bearish Rising Wedge chart pattern.
Look for a likely test of the lows or new lows.
Energy and Materials Sectors’ Relative Strength Ratios rose to new all-time highs, confirming major uptrends.
Industrial Sector Relative Strength Ratio broke sharply lower to a new 6-week low.
The recent 17-day correction/consolidation phase, a Minor Ripple within a Major Bearish Trend, appears to have ended. Preexisting Major Trends tend to resume after such short-term correction/consolidation phases run their course.
The “reports” of the day were depressing. General Electric’s earnings fell 8% and management offered a disappointing outlook. The University of Michigan confidence survey fell 9% to 63.2, the lowest level in 46 years, since March 1982. Frontier Airlines filed for Chapter 11 bankruptcy protection.
The main technical trend still appears to be down for the broad-based stock price indexes. From 3/17/08 to 4/3/08, the fundamental worries were temporarily displaced by hopes for some kind of a rescue, from the Fed, the government, or big investors. That hopeful feeling would be dampened by continuing bad fundamental news, which seems likely.
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, short-term traders need to be nimble, be quick, and control risk. Investors need to be cautious and risk averse.
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
1.52% , MYY , Short 100% MidCap 400, MYY
4.06% , FAST , Fastenal Company
1.82% , SH , Short 100% S&P 500, SH
2.12% , DOG , Short 100% Dow 30, DOG
3.66% , MZZ , Short 200% MidCap 400 PS, MZZ
3.37% , DXD , Short 200% Dow 30 PS, DXD
1.34% , TEVA , Teva Pharmaceutical Industries Limited
1.90% , CCU , CLEAR CHANNEL
1.11% , AES , AES
0.43% , IEF , Bond, 10 Year Treasury, IEF
2.39% , SAF , SAFECO
1.26% , WEN , WENDYS INTL
2.17% , ACV , Alberto-Culver Co.
0.28% , ACS , AFFILIATED COMPUTER
0.64% , EP , EL PASO
0.48% , KSU , Kansas City Southern, KSU
1.81% , UST , UST
1.31% , SLM , SLM CORP
0.71% , MON , MONSANTO
0.44% , XEL , XCEL ENERGY
0.17% , SHY , Bond, 1-3 Year Treasury, SHY
0.33% , VMC , VULCAN MATERIALS
0.23% , WMB , WILLIAMS
0.26% , ATVI , Activision Inc.
0.64% , EWJ , Japan Index, EWJ
0.75% , TIP , Bond, TIPS, TIP
0.13% , IPG , INTERPUBLIC GRP
0.67% , TLT , Bond, 20+ Years Treasury, TLT
1.18% , SGP , SCHERING PLOUGH
0.05% , ITF , Japan LargeCap Blend TOPIX 150, ITF
3.32% , SDS , Short 200% S&P 500 PS, SDS
0.10% , LQD , Bond, Corp, LQD
0.19% , LMT , LOCKHEED MARTIN
0.30% , AZO , AUTOZONE
0.18% , CPB , CAMPBELL SOUP
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-1.96% , VCR , Consumer D. VIPERs, VCR
-12.79% , GE , GENERAL ELECTRIC
-1.80% , RFG , Growth MidCap S&P 400, RFG
-2.62% , VGT , Info Tech VIPERs, VGT
-15.66% , PWER , POWER ONE
-1.78% , PWV , Value LargeCap Dynamic PS, PWV
-2.33% , PTE , Telecommunications & Wireless, PTE
-6.41% , HSY , HERSHEY FOODS
-2.82% , DSG , Growth Small Cap DJ, DSG
-2.27% , PXQ , Networking, PXQ
-1.86% , TMW , Wilshire 5000 ST TM, TMW
-1.21% , PBJ , Food & Beverage, PBJ
-1.93% , PHJ , Dividend Growth PS, PHJ
-2.14% , NY , Value LargeCap NYSE 100 iS, NY
-2.74% , IJS , Value SmallCap S&P 600 B, IJS
-1.81% , VFH , Financials VIPERs, VFH
-2.79% , IWC , Microcap Russell, IWC
-4.27% , VIS , Industrials VIPERs, VIS
-2.34% , BDH , Broadband H, BDH
-4.51% , CTAS , CINTAS
-3.95% , PSI , Semiconductors, PSI
-3.88% , IYJ , Industrial LargeCap Blend DJ US, IYJ
-2.93% , PSJ , Software, PSJ
-2.66% , PHW , Hardware & Electronics, PHW
-2.13% , JKL , Value SmallCap iS M, JKL
-3.10% , RZV , Value SmallCap S&P 600, RZV
-6.24% , HBAN , HUNTINGTON
-1.95% , ISI , LargeCap Blend S&P 1500 iS, ISI
-2.67% , XLK , Technology SPDR, XLK
-4.70% , JCI , JOHNSON CONTROLS
-3.93% , XLI , Industrial SPDR, XLI
-1.80% , IIH , Internet Infrastructure H, IIH
-3.00% , PXN , Nanotech Lux, PXN
-1.80% , VGK , European VIPERs, VGK
-1.28% , IXG , Financials Global LargeCap Value, IXG
-2.93% , TDC , Teradata Corporation, TDC
-2.66% , PWT , Growth SmallCap Dynamic PS, PWT
-3.36% , PBI , PITNEY BOWES
-1.94% , PWB , Lg Cap Growth PSD, PWB
-7.72% , CFC , COUNTRYWIDE FNCL
Sectors: among the 9 major U.S. sectors, all 9 fell.
Major Sectors Ranked for the Day
% Price Change Sector
-0.03% Utilities SPDR, XLU
-0.64% Consumer Staples SPDR, XLP
-1.29% Materials SPDR, XLB
-1.31% Health Care SPDR, XLV
-1.40% Energy SPDR, XLE
-1.84% Consumer Discretionary SPDR, XLY
-1.91% Financial SPDR, XLF
-2.67% Technology SPDR, XLK
-3.93% Industrial SPDR, XLI
Energy (XLE) Neutral, Market Weight. On 4/11/08, the XLE/SPY Relative Strength Ratio rose to new all-time high, confirming a major uptrend.
Materials (XLB) Neutral, Market Weight. On 4/11/08, 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.
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.
Industrial (XLI) Bearish, Underweight. On 4/11/08, the XLI/SPY Relative Strength Ratio broke sharply lower to a new 6-week low.
Health Care (XLV) Bearish, Underweight. On 4/3/08, the XLV/SPY Relative Strength Ratio made another new 8-month low.
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.
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 eased lower a day after making a new 12-week high. The Growth/Value ratio (IWF/IWD) may have ended an intermediate-term correction phase, but needs upside follow-through for confirmation.
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 rose slightly. The short-term trend is still up. 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 fell again, and the 8-day trend seems questionable. Long term, the 7-year trend is 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 above the previous 8-days’ highs. Bonds’ 8-day trend is up. 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 turned weaker within its sideways consolidation pattern over the past 17 trading days. The minor trend is deteriorating, and 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 23.46, 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 25.54, 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 0.89, 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 0.93, 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 (1,332.83):
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:
5.74% Short 200% QQQ PS, QID
3.66% Short 200% MidCap 400 PS, MZZ
3.37% Short 200% Dow 30 PS, DXD
3.32% Short 200% S&P 500 PS, SDS
2.67% Short 100% QQQ, PSQ
2.12% Short 100% Dow 30, DOG
1.82% Short 100% S&P 500, SH
1.52% Short 100% MidCap 400, MYY
0.84% Value MidCap S&P 400, RFV
0.75% Bond, TIPS, TIP
0.67% Bond, 20+ Years Treasury, TLT
0.64% Japan Index, EWJ
0.43% Bond, 10 Year Treasury, IEF
0.34% Oil, Crude, U.S. Oil Fund, USO
0.21% Bond, Aggregate, AGG
0.17% Bond, 1-3 Year Treasury, SHY
0.10% Bond, Corp, LQD
0.05% Japan LargeCap Blend TOPIX 150, ITF
-0.02% Utilities H, UTH
-0.03% Utilities SPDR, XLU
-0.07% Utilities VIPERs, VPU
-0.12% Taiwan Index, EWT
-0.15% Utilities, PUI
-0.15% Utilities DJ, IDU
-0.15% Singapore Index, EWS
-0.18% Pacific VIPERs, VPL
-0.31% Insurance, PIC
-0.36% Real Estate US DJ, IYR
-0.39% Commodity Tracking, DBC
-0.51% Gold Shares S.T., GLD
-0.64% Consumer Staples SPDR, XLP
-0.67% Austria Index, EWO
-0.82% South Africa Index, EZA
-0.85% Consumer Staples VIPERs, VDC
-0.87% Global Titans, DGT
-0.88% Asia 50 BLDRS, ADRA
-0.89% Switzerland Index, EWL
-0.93% Malaysia Index, EWM
-0.95% Consumer Non-Cyclical, IYK
-0.97% Transportation Av DJ, IYT
-1.00% South Korea Index, EWY
-1.05% Biotech SPDR, XBI
-1.21% Dividend International, PID
-1.21% Food & Beverage, PBJ
-1.22% Pacific ex-Japan, EPP
-1.22% Basic Materials DJ US, IYM
-1.23% REIT VIPERs, VNQ
-1.23% Realty Cohen & Steers, ICF
-1.26% Value MidCap Dynamic PS, PWP
-1.27% Energy VIPERs, VDE
-1.27% Belgium Index, EWK
-1.28% Financials Global LargeCap Value, IXG
-1.28% Value LargeCap iS M, JKF
-1.29% Materials SPDR, XLB
-1.29% Pharmaceutical H, PPH
-1.31% Health Care SPDR, XLV
-1.31% Silver Trust iS, SLV
-1.32% Dividend DJ Select, DVY
-1.34% EAFE Index, EFA
-1.35% Materials VIPERs, VAW
-1.35% Telecom DJ US, IYZ
-1.35% Value MidCap iS M, JKI
-1.35% Europe 100 BLDRS, ADRU
-1.38% Growth EAFE MSCI, EFG
-1.40% Energy SPDR, XLE
-1.41% IPOs, First Tr IPOX-100, FPX
-1.41% Value MidCap Russell, IWS
-1.41% Hong Kong Index, EWH
-1.41% Developed 100 BLDRS, ADRD
-1.44% Bank Regional H, RKH
-1.44% Dividend Leaders, FDL
-1.44% Value EAFE MSCI, EFV
-1.45% Value MidCap S&P 400 B, IJJ
-1.48% EMU Europe Index, EZU
-1.48% Energy DJ, IYE
-1.49% Healthcare DJ, IYH
-1.53% China LargeCap Growth G D H USX PS, PGJ
-1.55% Value Small Cap DJ, DSV
-1.57% LargeCap Blend Socially Responsible iS, KLD
-1.58% MidCap Blend Core iS M, JKG
-1.58% Natural Resource iS GS, IGE
-1.59% Latin Am 40, ILF
-1.61% MidCap Russell, IWR
-1.62% Oil Services H, OIH
-1.63% Health Care VIPERs, VHT
-1.63% Europe 350 S&P Index, IEV
-1.63% Emerging Markets, EEM
-1.63% Australia Index, EWA
-1.64% Italy Index, EWI
-1.67% Financial DJ US, IYF
-1.67% LargeCap Blend Dynamic PS, PWC
-1.68% REIT Wilshire, RWR
-1.69% Value S&P 500, RPV
-1.69% Mexico Index, EWW
-1.69% Brazil Index, EWZ
-1.69% Retail H, RTH
-1.69% LargeCap Blend S&P=Weight R, RSP
-1.70% Energy Exploration & Prod, PXE
-1.70% LargeCap Blend NYSE Composite iS, NYC
-1.71% MidCap VIPERs, VO
-1.72% Emerging 50 BLDRS, ADRE
-1.73% Energy Global, IXC
-1.74% Dividend SPDR, SDY
-1.74% Consumer Cyclical DJ, IYC
-1.75% Value 40 Large Low P/E FT DB, FDV
-1.76% Netherlands Index, EWN
-1.76% MidCap S&P 400 SPDRs, MDY
-1.77% Growth S&P 500/BARRA, IVW
-1.77% Value Large Cap DJ, ELV
-1.77% Growth Large Cap, ELG
-1.77% Leisure & Entertainment, PEJ
-1.78% Value LargeCap Dynamic PS, PWV
-1.78% Homebuilders SPDR, XHB
-1.79% Dividend Appreciation Vipers, VIG
-1.80% MidCap S&P 400 iS, IJH
-1.80% Growth MidCap S&P 400, RFG
-1.80% European VIPERs, VGK
-1.80% Internet Infrastructure H, IIH
-1.81% Financials VIPERs, VFH
-1.81% Value 1000 Russell, IWD
-1.81% Growth S&P 500, RPG
-1.82% Euro STOXX 50, FEZ
-1.84% Germany Index, EWG
-1.84% Emerging VIPERs, VWO
-1.84% Consumer Discretionary SPDR, XLY
-1.86% Value LargeCap Fundamental RAFI 1000, PRF
-1.86% LargeCap 1000 R, IWB
-1.86% Wilshire 5000 ST TM, TMW
-1.87% Dividend Achievers PS, PFM
-1.88% Aerospace & Defense, PPA
-1.89% Growth MidCap 400 B, IJK
-1.89% Blend Total Market VIPERs, VTI
-1.89% China 25 iS, FXI
-1.90% LargeCap Blend Total Market DJ, IYY
-1.91% Oil & Gas, PXJ
-1.91% Financial SPDR, XLF
-1.91% Growth VIPERs, VUG
-1.92% France Index, EWQ
-1.93% Biotechnology, IBB
-1.93% Dividend Growth PS, PHJ
-1.93% Financial Services DJ, IYG
-1.94% S&P 500 iS LargeCap Blend, IVV
-1.94% Lg Cap Growth PSD, PWB
-1.94% S&P 500 SPDRs LargeCap Blend, SPY
-1.94% Growth MidCap Russell, IWP
-1.94% LargeCap Blend Russell 3000, IWV
-1.94% Capital Markets KWB ST, KCE
-1.95% LargeCap Blend S&P 1500 iS, ISI
-1.96% LargeCap VIPERs, VV
-1.96% Consumer D. VIPERs, VCR
-1.97% Telecom Services VIPERs, VOX
-2.00% LargeCap Blend S&P 100, OEF
-2.01% Spain Index, EWP
-2.01% Growth LargeCap iS M, JKE
-2.01% Growth LargeCap Russell 3000, IWZ
-2.01% Healthcare Global, IXJ
-2.02% Value LargeCap Russell 3000, IWW
-2.02% Pharmaceuticals, PJP
-2.03% Value LargeCap Euro STOXX 50 DJ, FEU
-2.04% WilderHill Clean Energy PS, PBW
-2.04% Telecom H, TTH
-2.06% Extended Mkt VIPERs, VXF
-2.06% Value VIPERs, VTV
-2.07% Global 100, IOO
-2.07% DIAMONDS (DJIA), DIA
-2.07% Value SmallCap Russell 2000, IWN
-2.10% Canada Index, EWC
-2.12% Value S&P 500 B, IVE
-2.13% Growth Mid Cap Dynamic PS, PWJ
-2.13% Value SmallCap iS M, JKL
-2.14% Value LargeCap NYSE 100 iS, NY
-2.15% Internet H, HHH
-2.15% Value SmallCap VIPERS, VBR
-2.17% Sweden Index, EWD
-2.17% MidCap Growth iS M, JKH
-2.20% Dividend High Yield Equity PS, PEY
-2.26% SmallCap S&P 600, IJR
-2.27% Networking, PXQ
-2.27% Small Cap VIPERs, VB
-2.28% Growth 1000 Russell, IWF
-2.30% Biotech H, BBH
-2.31% Telecommunications Global, IXP
-2.32% United Kingdom Index, EWU
-2.33% Telecommunications & Wireless, PTE
-2.33% Growth BARRA Small Cap 600, IJT
-2.34% Broadband H, BDH
-2.37% SmallCap Core iS M, JKJ
-2.38% LargeCap Blend Core iS M, JKD
-2.39% Value SmallCap Dynamic PS, PWY
-2.44% LargeCap Rydex Rus Top 50, XLG
-2.45% Biotech & Genome, PBE
-2.45% SmallCap Russell 2000, IWM
-2.49% Value Line Timeliness MidCap Gr, PIV
-2.51% Growth SmallCap VIPERs, VBK
-2.53% Internet Architecture H, IAH
-2.55% Metals & Mining SPDR, XME
-2.56% Building & Construction, PKB
-2.57% Technology Global, IXN
-2.61% Growth LargeCap NASDAQ Fidelity, ONEQ
-2.62% Info Tech VIPERs, VGT
-2.63% Technology DJ US, IYW
-2.66% Growth SmallCap Dynamic PS, PWT
-2.66% Hardware & Electronics, PHW
-2.67% Technology SPDR, XLK
-2.70% OTC Dynamic PS, PWO
-2.71% Micro Cap Zachs, PZI
-2.73% Networking, IGN
-2.74% Value SmallCap S&P 600 B, IJS
-2.77% Software, IGV
-2.77% Growth LargeCap NASDAQ 100, QQQQ
-2.78% Internet B2B H, BHH
-2.79% Microcap Russell, IWC
-2.80% Technology GS, IGM
-2.82% Growth SmallCap R 2000, IWO
-2.82% Growth Small Cap DJ, DSG
-2.84% Retail, PMR
-2.86% SmallCap PS Zacks, PZJ
-2.88% Water Resources, PHO
-2.93% Technology MS sT, MTK
-2.93% Software, PSJ
-2.97% Growth SmallCap iS M, JKK
-2.98% Software H, SWH
-3.00% Nanotech Lux, PXN
-3.08% Semiconductor H, SMH
-3.10% Value SmallCap S&P 600, RZV
-3.38% Ultra MidCap400 Double, MVV
-3.45% Semiconductor SPDR, XSD
-3.66% Semiconductor iS GS, IGW
-3.88% Industrial LargeCap Blend DJ US, IYJ
-3.89% Ultra S&P500 Double, SSO
-3.93% Industrial SPDR, XLI
-3.95% Semiconductors, PSI
-4.04% Ultra Dow30 Double, DDM
-4.27% Industrials VIPERs, VIS
-5.37% Ultra QQQ Double, QLD
