By Robert W. Colby, Senior Analyst TraderPlanet.com
Stocks stalling out.
The “reports” of the day were mixed.
Financial Stocks are still the weakest.
The Gold Miners ETF (GDX) Relative Strength versus Gold bullion fell to new lows.
High and rising Crude Oil prices threaten the economy.
Last Friday, the S&P 500 appeared to hit resistance near the 1,396.02 intraday high of 2/1/2008, which is the top of a 3-month trading range. Now, short-term stock price momentum appears to be rolling over, which could lead to a downside correction.
The “reports” of the day were mixed. On the plus side, Tupperware, Yum! Brands, Boeing, EMC, Philip Morris, and Broadcom rose, following better than expected earnings. On the minus side, Ambac Financial fell 43% to a new all-time low, following much worse than expected earnings.
The recent 3-month correction/consolidation phase may be a Secondary Reaction Continuation Pattern within the context of a Primary Bearish Trend. Preexisting Primary Trends tend to resume after such Secondary Reactions run their course. The main technical trend for the broad-based stock price indexes may still be down. From time to time, serious fundamental worries seem to be temporarily displaced by hopes that the worst of the credit crisis might be over, or hopes for some kind of a rescue, from the Fed, the government, or big investors. The Wall Street pendulum swings from hope to fear–just as it always has.
Earnings reports are yet another wild card in an already uncertain market. 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
45.79% , SAF , SAFECO
3.28% , XSD , Semiconductor SPDR, XSD
13.38% , RFMD , RF Micro Devices Inc
22.78% , LVLT , LEVEL 3 COMMUNICATIONS
15.21% , MOLX , MOLEX
8.84% , HMA , HEALTH MGMT STK A
1.57% , BDH , Broadband H, BDH
9.69% , TER , TERADYNE
16.31% , BRCM , BROADCOM STK A
6.68% , IVGN , Invitrogen Corporation
6.13% , THC , TENET HEALTHCARE
11.99% , TUP , TUPPERWARE
9.64% , PMTC.O , PARAMETRIC
0.98% , NI , NISOURCE
5.99% , FXI , China 25 iS, FXI
6.33% , NWL , NEWELL RUBBER
6.23% , PMCS , PMC SIERRA
3.83% , VC , VISTEON
3.91% , XLNX , XILINX
6.71% , AET , AETNA
7.69% , MRVL , MARVELL TECHNOLOGY
4.70% , YUM , YUM BRANDS
5.00% , CHRW.O , CH Robinson Worldwide Inc, CHRWD
6.59% , SGP , SCHERING PLOUGH
4.37% , MOT , MOTOROLA
4.49% , BA , BOEING
3.96% , PGJ , China LargeCap Growth G D H USX PS, PGJ
7.28% , WLP , WELLPOINT HEALTH
8.79% , S , SPRINT NEXTEL
1.25% , IGN , Networking, IGN
2.60% , MCO , MOODYS CORP
2.36% , LLTC , LINEAR TECH
3.20% , LH , LAB CRP OF AMER
4.34% , ADSK , AUTODESK
4.14% , NSM , NATL SEMICONDUCT
1.19% , VGT , Info Tech VIPERs, VGT
4.67% , ERIC.O , LM Ericsson Telephone Company
1.84% , BDX , BECTON DICKINSON
4.82% , NVDA , NVIDIA
5.44% , HUM , HUMANA
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-42.62% , ABK , AMBAC FINL GRP
-33.81% , MBI , MBIA
-9.12% , ROK , ROCKWELL AUTOMAT
-13.78% , MTG , MGIC INVESTMENT
-6.44% , AMP , Ameriprise Financial Inc.
-1.17% , DGT , Global Titans, DGT
-6.75% , SLM , SLM CORP
-5.83% , GCI , GANNETT
-3.58% , HIG , HARTFORD FINL
-2.84% , RHI , ROBERT HALF
-3.61% , VFC , VF
-3.13% , XL , XL CAPITAL STK A
-4.67% , SOV , SOVEREIGN BANC
-1.56% , RPV , Value S&P 500, RPV
-2.85% , IR , INGER RAND
-0.82% , PHJ , Dividend Growth PS, PHJ
-3.53% , CTX , CENTEX
-3.81% , APD , AIR PRODS & CHEM
-3.27% , SANM , SANMINA
-3.64% , ABC , AMERISOURCEBERGN
-2.45% , PEY , Dividend High Yield Equity PS, PEY
-3.42% , MER , MERRILL LYNCH
-2.34% , DHI , D.R. HORTON, DHI
-4.54% , KBH , KB HOME
-3.06% , FNM , FANNIE MAE
-1.97% , PXJ , Oil & Gas, PXJ
-0.82% , ETN , EATON
-2.69% , TIN , TEMPLE INLAND
-1.15% , BDK , BLACK & DECKER
-1.43% , VAW , Materials VIPERs, VAW
-3.19% , MAS , MASCO
-3.93% , NSC , NORFOLK SOUTHERN
-1.81% , ACE , ACE
-1.45% , LPX , LOUISIANA PAC
-4.91% , LEN , Lennar Corp. (LEN)
-3.35% , SNV , SYNOVUS
-1.58% , BF.B , BROWN FORMAN STK B
-3.04% , CBS , CBS CORP.
-1.76% , CBE , COOPER INDS STK A
-1.67% , PTV , PACTIV
Sectors: among the 9 major U.S. sectors, 5 rose and 4 fell.
Major Sectors Ranked for the Day
% Price Change Sector
0.65% Consumer Staples SPDR, XLP
0.63% Technology SPDR, XLK
0.32% Health Care SPDR, XLV
0.15% Utilities SPDR, XLU
0.05% Industrial SPDR, XLI
-0.03% Consumer Discretionary SPDR, XLY
-0.66% Financial SPDR, XLF
-0.78% Energy SPDR, XLE
-1.57% Materials SPDR, XLB
Energy (XLE) Neutral, Market Weight. On 4/22/08, both the XLE price close and the XLE/SPY Relative Strength Ratio rose to new all-time highs, again confirming a major uptrend.
Materials (XLB) Neutral, Market Weight. On 4/16/08, both the XLB price and the XLB/SPY Relative Strength Ratio rose to new all-time highs, confirming a major uptrend.
Consumer Staples (XLP) Neutral, Market Weight. On 4/18/08, the XLP/SPY Relative Strength Ratio fell to a new 7-week low, confirming a corrective intermediate-term trend.
Utilities (XLU) Neutral, Market Weight. The XLU/SPY Relative Strength Ratio has been in a moderately rising trend since 3/25/08, and so Utilities have improved somewhat in these rankings.
Industrial (XLI) Neutral, Market Weight. On 4/17/08, the XLI/SPY Relative Strength Ratio fell to a new 7-week low, confirming a corrective intermediate-term trend.
Technology (XLK) Neutral, Market Weight. On 4/23/08, the XLK/SPY Relative Strength Ratio rose to another new 3-month high, signaling an improving intermediate-term trend.
Health Care (XLV) Bearish, Underweight. On 4/22/08, the XLV/SPY Relative Strength Ratio fell to a new 6-year low, again confirming the existing Primary Bearish trend.
Consumer Discretionary (XLY) Bearish, Underweight. On 4/16/08, the XLY/SPY Relative Strength Ratio fell to a new 13-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 has been in an uptrend for the intermediate term, since 2/1/08. Long term, the Growth/Value ratio (IWF/IWD) has been in an uptrend since 8/8/06.
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 remain strong. All trends are obviously Bullish. 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 to new 2-week lows. The trend since 3/17/08 has been corrective. 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) Relative Strength versus Gold bullion fell to new lows. Longer-term, GDX significantly underperformed Gold since 10/31/07. Therefore, GDX trends are Bearish relative to Gold itself.
U.S. Treasury Bond prices eased indecisively lower. Bonds were oversold last week, and last week’s low may be a benchmark support. Bond prices benefit from fears of financial crisis, and they correct when financial crisis takes a back seat to some other news of the day. U.S. governments have been strong ,while corporate bonds have been weak since 6/12/07.
The U.S. dollar has been consolidating losses since its low on 3/17/08. The minor trend may appear uncertain, 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 37.8% Bulls versus 38.9% Bears as of 4/16/08, 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 20.26, is relatively low 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 25.06, is 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 0.70, which indicates relatively neutral 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 1.45, which indicates relatively neutral sentiment. The ratio’s 4-year simple moving average is 1.50, 4-year median is 1.47, and 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.
A Secondary Reaction was signaled on 4/18/28, when the Dow-Jones Industrials and Transports both closed at 3-month highs. But the Primary Tide Major Trend may still be Bearish. 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 (1,379.93):
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
Potential Support
1,324.35, low of 4/15/2008
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:
5.99% China 25 iS, FXI
3.96% China LargeCap Growth G D H USX PS, PGJ
3.28% Semiconductor SPDR, XSD
3.01% South Korea Index, EWY
2.91% Semiconductor iS GS, IGW
2.88% Semiconductors, PSI
2.76% Hong Kong Index, EWH
2.63% Networking, PXQ
2.36% Telecom Services VIPERs, VOX
2.30% Telecom DJ US, IYZ
2.06% Asia 50 BLDRS, ADRA
1.99% Software, PSJ
1.96% Retail, PMR
1.95% Technology MS sT, MTK
1.90% Australia Index, EWA
1.83% Semiconductor H, SMH
1.81% Pacific ex-Japan, EPP
1.78% Software H, SWH
1.73% Utilities, PUI
1.68% Telecom H, TTH
1.57% Broadband H, BDH
1.56% OTC Dynamic PS, PWO
1.54% Software, IGV
1.44% REIT Wilshire, RWR
1.44% Emerging Markets, EEM
1.43% Realty Cohen & Steers, ICF
1.37% Emerging 50 BLDRS, ADRE
1.29% Technology GS, IGM
1.28% Health Care VIPERs, VHT
1.25% Biotech & Genome, PBE
1.25% Technology DJ US, IYW
1.25% REIT VIPERs, VNQ
1.25% Networking, IGN
1.24% France Index, EWQ
1.23% Emerging VIPERs, VWO
1.19% Info Tech VIPERs, VGT
1.17% Leisure & Entertainment, PEJ
1.16% Healthcare DJ, IYH
1.16% Real Estate US DJ, IYR
1.14% Growth LargeCap NASDAQ Fidelity, ONEQ
1.13% Healthcare Global, IXJ
1.10% Growth LargeCap NASDAQ 100, QQQQ
1.09% Singapore Index, EWS
1.09% Japan Index, EWJ
1.07% Aerospace & Defense, PPA
1.07% Ultra QQQ Double, QLD
1.02% Biotechnology, IBB
1.00% Sweden Index, EWD
0.97% Growth SmallCap R 2000, IWO
0.97% MidCap Growth iS M, JKH
0.95% Hardware & Electronics, PHW
0.94% Pacific VIPERs, VPL
0.92% Capital Markets KWB ST, KCE
0.91% Malaysia Index, EWM
0.87% LargeCap Blend Dynamic PS, PWC
0.87% Technology Global, IXN
0.86% Germany Index, EWG
0.84% Growth EAFE MSCI, EFG
0.80% Consumer Staples VIPERs, VDC
0.78% Utilities H, UTH
0.77% Europe 100 BLDRS, ADRU
0.76% Retail H, RTH
0.76% Ultra MidCap400 Double, MVV
0.76% Japan LargeCap Blend TOPIX 150, ITF
0.74% Telecommunications Global, IXP
0.70% Growth Large Cap, ELG
0.69% SmallCap Core iS M, JKJ
0.69% Insurance, PIC
0.68% Growth Mid Cap Dynamic PS, PWJ
0.67% Growth SmallCap Dynamic PS, PWT
0.67% Austria Index, EWO
0.66% Utilities DJ, IDU
0.66% Growth S&P 500, RPG
0.65% Consumer Staples SPDR, XLP
0.63% Technology SPDR, XLK
0.62% Biotech SPDR, XBI
0.61% Internet Infrastructure H, IIH
0.61% Food & Beverage, PBJ
0.59% Consumer Non-Cyclical, IYK
0.59% Pharmaceuticals, PJP
0.58% Growth LargeCap Russell 3000, IWZ
0.58% Consumer Cyclical DJ, IYC
0.57% Developed 100 BLDRS, ADRD
0.57% Growth MidCap Russell, IWP
0.56% Growth SmallCap iS M, JKK
0.54% Internet Architecture H, IAH
0.54% Growth LargeCap iS M, JKE
0.52% EAFE Index, EFA
0.52% Growth Small Cap DJ, DSG
0.49% Water Resources, PHO
0.48% Value MidCap Dynamic PS, PWP
0.48% Taiwan Index, EWT
0.47% Growth BARRA Small Cap 600, IJT
0.46% Short 200% S&P 500 PS, SDS
0.46% Value MidCap S&P 400 B, IJJ
0.45% Utilities VIPERs, VPU
0.45% MidCap Russell, IWR
0.44% Growth SmallCap VIPERs, VBK
0.44% Growth S&P 500/BARRA, IVW
0.42% Growth VIPERs, VUG
0.40% Microcap Russell, IWC
0.39% Value 40 Large Low P/E FT DB, FDV
0.39% Growth MidCap S&P 400, RFG
0.39% SmallCap PS Zacks, PZJ
0.38% Global 100, IOO
0.37% MidCap S&P 400 iS, IJH
0.35% EMU Europe Index, EZU
0.35% Pharmaceutical H, PPH
0.34% Telecommunications & Wireless, PTE
0.33% LargeCap Rydex Rus Top 50, XLG
0.32% Growth MidCap 400 B, IJK
0.32% Health Care SPDR, XLV
0.31% Blend Total Market VIPERs, VTI
0.31% Bond, Corp, LQD
0.29% European VIPERs, VGK
0.29% LargeCap Blend S&P=Weight R, RSP
0.29% Euro STOXX 50, FEZ
0.28% Nanotech Lux, PXN
0.28% Growth 1000 Russell, IWF
0.26% Ultra Dow30 Double, DDM
0.25% LargeCap Blend Russell 3000, IWV
0.25% Small Cap VIPERs, VB
0.24% Short 100% S&P 500, SH
0.23% Short 200% MidCap 400 PS, MZZ
0.23% SmallCap S&P 600, IJR
0.22% Consumer D. VIPERs, VCR
0.21% Extended Mkt VIPERs, VXF
0.19% MidCap VIPERs, VO
0.19% MidCap Blend Core iS M, JKG
0.19% LargeCap 1000 R, IWB
0.18% LargeCap Blend Total Market DJ, IYY
0.18% LargeCap Blend NYSE Composite iS, NYC
0.18% Value EAFE MSCI, EFV
0.17% Lg Cap Growth PSD, PWB
0.15% Utilities SPDR, XLU
0.14% Dividend Achievers PS, PFM
0.13% S&P 500 iS LargeCap Blend, IVV
0.13% Europe 350 S&P Index, IEV
0.13% LargeCap Blend S&P 100, OEF
0.11% Oil, Crude, U.S. Oil Fund, USO
0.09% United Kingdom Index, EWU
0.08% Value S&P 500 B, IVE
0.07% Micro Cap Zachs, PZI
0.07% LargeCap Blend S&P 1500 iS, ISI
0.07% SmallCap Russell 2000, IWM
0.06% Value SmallCap VIPERS, VBR
0.05% Industrial SPDR, XLI
0.03% LargeCap Blend Socially Responsible iS, KLD
0.03% Internet H, HHH
0.03% Short 100% Dow 30, DOG
0.00% Wilshire 5000 ST TM, TMW
0.00% Value Large Cap DJ, ELV
0.00% Bond, 1-3 Year Treasury, SHY
-0.01% Value 1000 Russell, IWD
-0.02% Value LargeCap Euro STOXX 50 DJ, FEU
-0.03% Industrials VIPERs, VIS
-0.03% Internet B2B H, BHH
-0.03% Biotech H, BBH
-0.03% Consumer Discretionary SPDR, XLY
-0.06% DIAMONDS (DJIA), DIA
-0.06% Value LargeCap Fundamental RAFI 1000, PRF
-0.07% Value LargeCap Russell 3000, IWW
-0.07% Industrial LargeCap Blend DJ US, IYJ
-0.08% LargeCap Blend Core iS M, JKD
-0.08% LargeCap VIPERs, VV
-0.08% Netherlands Index, EWN
-0.09% Value LargeCap iS M, JKF
-0.10% Bond, Aggregate, AGG
-0.10% Bond, 10 Year Treasury, IEF
-0.10% Value MidCap S&P 400, RFV
-0.11% Value SmallCap S&P 600 B, IJS
-0.13% Value SmallCap Dynamic PS, PWY
-0.15% Dividend Appreciation Vipers, VIG
-0.15% Value LargeCap NYSE 100 iS, NY
-0.16% Value Small Cap DJ, DSV
-0.16% S&P 500 SPDRs LargeCap Blend, SPY
-0.16% Energy Global, IXC
-0.21% Value LargeCap Dynamic PS, PWV
-0.21% MidCap S&P 400 SPDRs, MDY
-0.23% Value SmallCap iS M, JKL
-0.25% Value MidCap Russell, IWS
-0.25% Value SmallCap Russell 2000, IWN
-0.26% Transportation Av DJ, IYT
-0.27% Value VIPERs, VTV
-0.31% Bond, TIPS, TIP
-0.31% Dividend Leaders, FDL
-0.32% Value MidCap iS M, JKI
-0.33% Spain Index, EWP
-0.33% Bond, 20+ Years Treasury, TLT
-0.35% Ultra S&P500 Double, SSO
-0.36% Short 100% MidCap 400, MYY
-0.38% South Africa Index, EZA
-0.38% Financial DJ US, IYF
-0.40% Building & Construction, PKB
-0.41% Value Line Timeliness MidCap Gr, PIV
-0.43% Dividend International, PID
-0.47% IPOs, First Tr IPOX-100, FPX
-0.50% Short 100% QQQ, PSQ
-0.51% Bank Regional H, RKH
-0.52% Belgium Index, EWK
-0.53% Financials VIPERs, VFH
-0.54% Italy Index, EWI
-0.57% Latin Am 40, ILF
-0.58% Mexico Index, EWW
-0.63% Brazil Index, EWZ
-0.63% Oil Services H, OIH
-0.66% Financial SPDR, XLF
-0.68% Dividend DJ Select, DVY
-0.73% Financials Global LargeCap Value, IXG
-0.74% Dividend SPDR, SDY
-0.75% Energy DJ, IYE
-0.76% Value SmallCap S&P 600, RZV
-0.78% Energy VIPERs, VDE
-0.78% Energy SPDR, XLE
-0.79% Financial Services DJ, IYG
-0.80% Short 200% Dow 30 PS, DXD
-0.82% Dividend Growth PS, PHJ
-0.89% Switzerland Index, EWL
-0.94% Commodity Tracking, DBC
-1.16% Gold Shares S.T., GLD
-1.17% Global Titans, DGT
-1.24% Short 200% QQQ PS, QID
-1.33% Energy Exploration & Prod, PXE
-1.37% Natural Resource iS GS, IGE
-1.38% WilderHill Clean Energy PS, PBW
-1.43% Materials VIPERs, VAW
-1.56% Value S&P 500, RPV
-1.57% Materials SPDR, XLB
-1.68% Basic Materials DJ US, IYM
-1.79% Metals & Mining SPDR, XME
-1.96% Homebuilders SPDR, XHB
-1.97% Oil & Gas, PXJ
-2.45% Dividend High Yield Equity PS, PEY
-2.72% Silver Trust iS, SLV
-2.75% Canada Index, EWC
