By Robert W. Colby, Senior Analyst TraderPlanet.com
Many wild cards will be dealt this week. Lots of news means lots of uncertainty.
Seasonal tendencies are Bullish for the current week.
But upside momentum appears to be grinding to a halt.
Gold Miners/Gold Bullion Relative Strength Ratio fell to new lows.
Crude Oil June futures rose to another new high.
For the current week, earnings reports, Q1 GDP, FOMC policy, and payrolls/employment reports are all wild cards to be dealt to 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.
The new 3-month highs could yet prove to be a Bull Trap. The recent correction/consolidation phase, which demonstrates an upward bias over the past 2 weeks, nevertheless 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.
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
23.15% , WWY , WM WRIGLEY JR
1.42% , IIH , Internet Infrastructure H, IIH
4.63% , HSY , HERSHEY FOODS
4.55% , VC , VISTEON
6.43% , HGSI , Human Genome Sciences Inc
7.77% , ABK , AMBAC FINL GRP
8.46% , SYY , SYSCO
5.72% , COF , CAPITAL ONE FNCL
1.42% , DSV , Value Small Cap DJ, DSV
3.14% , BUD , ANHEUSER BUSCH
2.76% , MAS , MASCO
3.34% , HUM , HUMANA
3.81% , BIG , BIG LOTS
3.13% , PETM , PETsMART Inc
3.50% , CMI , CUMMINS
3.92% , LAMR , Lamar Advertising Company
0.57% , XLI , Industrial SPDR, XLI
1.29% , ACS , AFFILIATED COMPUTER
1.73% , CPWR , COMPUWARE
2.86% , GRMN , GARMIN LTD
2.46% , VZ , VERIZON COMMS
3.87% , STI , SUNTRUST BANKS
1.18% , IXG , Financials Global LargeCap Value, IXG
3.24% , JCI , JOHNSON CONTROLS
1.02% , PBJ , Food & Beverage, PBJ
1.90% , VMC , VULCAN MATERIALS
0.60% , JKL , Value SmallCap iS M, JKL
0.44% , RZV , Value SmallCap S&P 600, RZV
2.23% , FHN , FIRST TENNESSEE
1.86% , MDT , MEDTRONIC
2.08% , VLO , VALERO ENERGY
1.82% , ITF , Japan LargeCap Blend TOPIX 150, ITF
1.83% , EWJ , Japan Index, EWJ
2.05% , GAS , NICOR
2.26% , PMTC.O , PARAMETRIC
0.76% , FDL , Dividend Leaders, FDL
1.80% , WOR , WORTHINGTON INDS
4.62% , HMA , HEALTH MGMT STK A
1.74% , KG , KING PHARM
2.49% , BF.B , BROWN FORMAN STK B
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-7.32% , ACV , Alberto-Culver Co.
-13.54% , RSH , RADIOSHACK
-7.09% , SSCC , Smurfit-Stone Container Corporation
-5.27% , LTR , LOEWS
-3.56% , SUN , SUNOCO
-3.27% , IP , INTL PAPER
-0.16% , XSD , Semiconductor SPDR, XSD
-3.90% , TLAB , TELLABS
-4.27% , CIEN.O , CIENA
-1.67% , MCHP , Microchip Technology Incorporated
-3.33% , AW , ALLIED WASTE IND
-0.49% , PXN , Nanotech Lux, PXN
-1.46% , URBN , Urban Outfitters Inc.
-4.32% , BRCM , BROADCOM STK A
-1.77% , HPC , HERCULES
-1.94% , ROH , ROHM & HAAS
-2.87% , JNY , JONES APPAREL
-1.01% , SWH , Software H, SWH
-1.19% , EMR , EMERSON ELECTRIC
-3.53% , PTV , PACTIV
-1.39% , UIS , UNISYS
-1.19% , WPI , WATSON PHARM
-2.49% , NOV , NATIONAL OILWELL VARC0
-0.22% , FDV , Value 40 Large Low P/E FT DB, FDV
-2.82% , PMCS , PMC SIERRA
-2.19% , PPG , PPG INDUSTRIES
-0.16% , EWM , Malaysia Index, EWM
-2.76% , A , AGILENT TECH
-0.97% , XLU , Utilities SPDR, XLU
-1.05% , SHW , SHERWIN WILLIAMS
-0.71% , IGW , Semiconductor iS GS, IGW
-0.51% , TXT , TEXTRON
-1.63% , UST , UST
-1.04% , KBH , KB HOME
-0.73% , T , AT&T Corp., T
-1.11% , BSC , BEAR STEARNS
-0.93% , GLW , CORNING
-2.46% , HES , AMERADA HESS
-1.73% , TUP , TUPPERWARE
-1.85% , DRI , DARDEN REST
Sectors: among the 9 major U.S. sectors, 5 rose and 3 fell.
Major Sectors Ranked for the Day
% Price Change Sector
0.61% Consumer Staples SPDR, XLP
0.60% Health Care SPDR, XLV
0.57% Industrial SPDR, XLI
0.26% Financial SPDR, XLF
0.17% Energy SPDR, XLE
0.00% Technology SPDR, XLK
-0.12% Consumer Discretionary SPDR, XLY
-0.57% Materials SPDR, XLB
-0.97% Utilities SPDR, XLU
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.
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.
Consumer Staples (XLP) Neutral, Market Weight. On 4/25/08, the XLP/SPY Relative Strength Ratio fell to a new 8-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.
Technology (XLK) Neutral, Market Weight. On 4/24/08, the XLK/SPY Relative Strength Ratio rose to a 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 in line relative strength in recent weeks. 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 June futures rose to another new high, confirming Bullish trends in all timeframes. 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 June futures stabilized within their 6-week corrective trend since 3/17/08. Longer term, the 7-year trend is still 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 on 4/28/08. Longer-term, GDX significantly underperformed Gold since 10/31/07. Therefore, GDX trends are Bearish relative to Gold itself.
U.S. Treasury Bond prices reversed to the upside after falling to new 7-week lows last week. Bonds could be in a Secondary Reaction, intermediate-term downside correction phase. Bond prices benefit from fears of financial crisis, and they correct to the downside when financial crisis takes a back seat to some other news of the day.
The U.S. dollar reversed to the downside after moving to the upper end of its 6-week trading range last week. 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 39.1% Bulls versus 35.6% Bears as of 4/23/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio rose to 1.10, up 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 19.64, is 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 23.65, 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 0.66, 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 1.17, 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 (1,396.37):
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
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:
2.44% Internet B2B H, BHH
1.83% Japan Index, EWJ
1.82% Japan LargeCap Blend TOPIX 150, ITF
1.53% Asia 50 BLDRS, ADRA
1.42% Internet Infrastructure H, IIH
1.42% Value Small Cap DJ, DSV
1.22% WilderHill Clean Energy PS, PBW
1.18% Financials Global LargeCap Value, IXG
1.17% Pacific VIPERs, VPL
1.13% Homebuilders SPDR, XHB
1.12% Biotech & Genome, PBE
1.11% Technology MS sT, MTK
1.05% Transportation Av DJ, IYT
1.02% Food & Beverage, PBJ
1.01% Taiwan Index, EWT
0.95% Growth SmallCap Dynamic PS, PWT
0.93% Silver Trust iS, SLV
0.88% Value SmallCap Dynamic PS, PWY
0.86% Biotech H, BBH
0.85% China LargeCap Growth G D H USX PS, PGJ
0.77% Value SmallCap Russell 2000, IWN
0.76% Building & Construction, PKB
0.76% Dividend Leaders, FDL
0.72% Austria Index, EWO
0.71% Value EAFE MSCI, EFV
0.68% Value SmallCap S&P 600 B, IJS
0.67% SmallCap Russell 2000, IWM
0.66% Value MidCap S&P 400, RFV
0.65% Belgium Index, EWK
0.63% SmallCap S&P 600, IJR
0.61% Microcap Russell, IWC
0.61% Consumer Staples SPDR, XLP
0.60% Value SmallCap iS M, JKL
0.60% Health Care SPDR, XLV
0.60% SmallCap Core iS M, JKJ
0.59% EAFE Index, EFA
0.57% Biotechnology, IBB
0.57% Industrial SPDR, XLI
0.56% Telecom DJ US, IYZ
0.55% Water Resources, PHO
0.55% IPOs, First Tr IPOX-100, FPX
0.54% Value SmallCap VIPERS, VBR
0.52% Small Cap VIPERs, VB
0.51% Dividend Achievers PS, PFM
0.51% Healthcare Global, IXJ
0.48% Gold Shares S.T., GLD
0.48% Bond, Corp, LQD
0.47% Ultra MidCap400 Double, MVV
0.47% Growth BARRA Small Cap 600, IJT
0.46% Telecommunications & Wireless, PTE
0.44% Health Care VIPERs, VHT
0.44% Value SmallCap S&P 600, RZV
0.40% Growth SmallCap R 2000, IWO
0.40% Dividend Growth PS, PHJ
0.40% SmallCap PS Zacks, PZJ
0.39% Growth SmallCap VIPERs, VBK
0.39% Growth Small Cap DJ, DSG
0.38% LargeCap Blend Socially Responsible iS, KLD
0.38% Broadband H, BDH
0.35% South Africa Index, EZA
0.35% Ultra QQQ Double, QLD
0.34% Healthcare DJ, IYH
0.33% Developed 100 BLDRS, ADRD
0.32% MidCap S&P 400 iS, IJH
0.32% MidCap Blend Core iS M, JKG
0.31% Utilities, PUI
0.31% Switzerland Index, EWL
0.31% Value MidCap S&P 400 B, IJJ
0.30% Bond, 20+ Years Treasury, TLT
0.30% Consumer Non-Cyclical, IYK
0.29% Pharmaceuticals, PJP
0.29% Growth SmallCap iS M, JKK
0.28% Value S&P 500, RPV
0.28% Telecom Services VIPERs, VOX
0.27% France Index, EWQ
0.27% Growth MidCap S&P 400, RFG
0.27% Dividend International, PID
0.27% Hardware & Electronics, PHW
0.27% Extended Mkt VIPERs, VXF
0.26% Financial SPDR, XLF
0.26% Dividend High Yield Equity PS, PEY
0.25% Bond, Aggregate, AGG
0.24% Netherlands Index, EWN
0.23% Commodity Tracking, DBC
0.23% Real Estate US DJ, IYR
0.22% Dividend Appreciation Vipers, VIG
0.19% Growth LargeCap NASDAQ 100, QQQQ
0.18% Latin Am 40, ILF
0.18% Industrials VIPERs, VIS
0.18% Bond, 10 Year Treasury, IEF
0.18% MidCap VIPERs, VO
0.17% Bond, TIPS, TIP
0.17% Energy SPDR, XLE
0.17% Industrial LargeCap Blend DJ US, IYJ
0.16% Capital Markets KWB ST, KCE
0.16% Growth MidCap 400 B, IJK
0.15% Germany Index, EWG
0.15% Dividend DJ Select, DVY
0.15% Global Titans, DGT
0.15% MidCap Russell, IWR
0.15% Dividend SPDR, SDY
0.15% Micro Cap Zachs, PZI
0.14% Short 100% S&P 500, SH
0.13% MidCap Growth iS M, JKH
0.13% Technology Global, IXN
0.13% LargeCap Blend NYSE Composite iS, NYC
0.12% MidCap S&P 400 SPDRs, MDY
0.12% Short 200% Dow 30 PS, DXD
0.12% Consumer D. VIPERs, VCR
0.12% LargeCap Blend S&P=Weight R, RSP
0.11% Bond, 1-3 Year Treasury, SHY
0.11% Biotech SPDR, XBI
0.10% Consumer Staples VIPERs, VDC
0.10% Growth MidCap Russell, IWP
0.10% Pharmaceutical H, PPH
0.09% Value MidCap Russell, IWS
0.09% LargeCap Blend S&P 1500 iS, ISI
0.09% Growth LargeCap Russell 3000, IWZ
0.08% Ultra S&P500 Double, SSO
0.07% Europe 350 S&P Index, IEV
0.07% Value LargeCap NYSE 100 iS, NY
0.07% Value MidCap iS M, JKI
0.06% Spain Index, EWP
0.06% Lg Cap Growth PSD, PWB
0.05% Utilities VIPERs, VPU
0.03% Consumer Cyclical DJ, IYC
0.03% Short 100% Dow 30, DOG
0.03% Oil, Crude, U.S. Oil Fund, USO
0.03% Wilshire 5000 ST TM, TMW
0.03% Growth S&P 500, RPG
0.03% REIT Wilshire, RWR
0.02% LargeCap Blend Russell 3000, IWV
0.02% S&P 500 SPDRs LargeCap Blend, SPY
0.02% Growth 1000 Russell, IWF
0.01% LargeCap Rydex Rus Top 50, XLG
0.01% Financial DJ US, IYF
0.01% Insurance, PIC
0.00% Technology SPDR, XLK
0.00% Leisure & Entertainment, PEJ
-0.01% DIAMONDS (DJIA), DIA
-0.01% Value LargeCap Russell 3000, IWW
-0.01% Financial Services DJ, IYG
-0.01% Metals & Mining SPDR, XME
-0.02% Value LargeCap Fundamental RAFI 1000, PRF
-0.03% LargeCap 1000 R, IWB
-0.03% Utilities DJ, IDU
-0.04% Short 200% S&P 500 PS, SDS
-0.04% Blend Total Market VIPERs, VTI
-0.05% Growth S&P 500/BARRA, IVW
-0.05% Euro STOXX 50, FEZ
-0.05% Growth EAFE MSCI, EFG
-0.06% Canada Index, EWC
-0.07% LargeCap Blend Total Market DJ, IYY
-0.08% Ultra Dow30 Double, DDM
-0.08% Financials VIPERs, VFH
-0.08% EMU Europe Index, EZU
-0.08% Growth VIPERs, VUG
-0.08% LargeCap Blend Core iS M, JKD
-0.09% OTC Dynamic PS, PWO
-0.09% Telecom H, TTH
-0.09% Global 100, IOO
-0.09% Aerospace & Defense, PPA
-0.10% S&P 500 iS LargeCap Blend, IVV
-0.12% LargeCap Blend Dynamic PS, PWC
-0.12% Consumer Discretionary SPDR, XLY
-0.13% Semiconductor H, SMH
-0.13% Emerging 50 BLDRS, ADRE
-0.13% REIT VIPERs, VNQ
-0.13% Europe 100 BLDRS, ADRU
-0.14% Value 1000 Russell, IWD
-0.14% Telecommunications Global, IXP
-0.15% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.15% Value LargeCap Euro STOXX 50 DJ, FEU
-0.16% Value LargeCap Dynamic PS, PWV
-0.16% Value LargeCap iS M, JKF
-0.16% Short 100% QQQ, PSQ
-0.16% Semiconductor SPDR, XSD
-0.16% Malaysia Index, EWM
-0.17% Realty Cohen & Steers, ICF
-0.17% LargeCap VIPERs, VV
-0.18% Energy VIPERs, VDE
-0.19% LargeCap Blend S&P 100, OEF
-0.19% Sweden Index, EWD
-0.19% Emerging Markets, EEM
-0.19% Value S&P 500 B, IVE
-0.20% Value Large Cap DJ, ELV
-0.20% Internet Architecture H, IAH
-0.21% South Korea Index, EWY
-0.22% Value 40 Large Low P/E FT DB, FDV
-0.22% United Kingdom Index, EWU
-0.22% Technology GS, IGM
-0.23% Pacific ex-Japan, EPP
-0.23% Short 100% MidCap 400, MYY
-0.23% Energy Global, IXC
-0.23% Value Line Timeliness MidCap Gr, PIV
-0.24% European VIPERs, VGK
-0.26% Energy Exploration & Prod, PXE
-0.26% Natural Resource iS GS, IGE
-0.27% Growth Large Cap, ELG
-0.29% Info Tech VIPERs, VGT
-0.29% Software, IGV
-0.30% Retail H, RTH
-0.30% Value VIPERs, VTV
-0.30% Bank Regional H, RKH
-0.31% Growth LargeCap iS M, JKE
-0.31% Energy DJ, IYE
-0.33% Oil & Gas, PXJ
-0.40% Growth Mid Cap Dynamic PS, PWJ
-0.44% Networking, IGN
-0.44% Technology DJ US, IYW
-0.47% Value MidCap Dynamic PS, PWP
-0.47% Internet H, HHH
-0.49% Nanotech Lux, PXN
-0.51% Singapore Index, EWS
-0.52% Utilities H, UTH
-0.54% Brazil Index, EWZ
-0.54% China 25 iS, FXI
-0.56% Short 200% MidCap 400 PS, MZZ
-0.57% Materials SPDR, XLB
-0.57% Australia Index, EWA
-0.61% Retail, PMR
-0.68% Short 200% QQQ PS, QID
-0.71% Semiconductor iS GS, IGW
-0.73% Software, PSJ
-0.78% Oil Services H, OIH
-0.79% Italy Index, EWI
-0.84% Semiconductors, PSI
-0.90% Emerging VIPERs, VWO
-0.91% Materials VIPERs, VAW
-0.97% Utilities SPDR, XLU
-0.98% Networking, PXQ
-0.99% Mexico Index, EWW
-1.01% Software H, SWH
-1.03% Basic Materials DJ US, IYM
-1.18% Hong Kong Index, EWH
