By Robert W. Colby, Senior Analyst TraderPlanet.com
Stocks: “Inside Day” means Consolidation.
Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high.
Technology Stock Sector Relative Strength Ratio rose to another new 4-month high, confirming an improving intermediate-term trend.
Crude Oil, Gold, Silver, and the CRB broke down below their lows of the previous 3 trading days, thereby calling into question their trends for the day-to-day short-term.
MACD for the SPY continued to move lower, and the number of New Lows was greater than the number of New Highs on both the NYSE and NASDAQ.
Stock index price action on Monday 5/19/08 fit the definition of a Shooting Star: a Bearish Reversal Japanese Candlestick Signal that implies that the previous uptrend should reverse to the downside. Indeed, stocks fell sharply over the next 4 trading days. On Wednesday 5/21/08, momentum indicators turned Bearish: RSI (14) and Stochastic (14) broke down to their lowest level in more than a month, and MACD Histogram turned negative. The popular S&P DEP RECEIPTS (AMEX: SPY) broke down below an uptrend line rising from its 3/17/08 low. That uptrend line was the lower boundary line of a Bearish Rising Wedge pattern. That breakdown implies a test of the March low.
I have been assuming that the March-May rally was nothing more than a counter-trend rally and Secondary Reaction Continuation Pattern within the context of a Primary Bearish Trend. The sum total weight of the evidence for the stock market in general appeared to be taking on more of a Bearish bias last week. So, a cautious approach still seems prudent.
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
9.37% , HSY , HERSHEY FOODS
0.81% , TTH , Telecom H, TTH
0.56% , PIC , Insurance, PIC
2.07% , PSJ , Software, PSJ
2.24% , SWH , Software H, SWH
0.27% , IXP , Telecommunications Global, IXP
7.06% , PMTC.O , PARAMETRIC
5.75% , BHH , Internet B2B H, BHH
0.75% , KLD , LargeCap Blend Socially Responsible iS, KLD
4.42% , SGP , SCHERING PLOUGH
2.00% , PSI , Semiconductors, PSI
4.81% , CZN , CITIZENS COMMS STK B
1.12% , DSG , Growth Small Cap DJ, DSG
2.66% , NCR , NCR
3.83% , MTG , MGIC INVESTMENT
0.87% , IJJ , Value MidCap S&P 400 B, IJJ
2.77% , AW , ALLIED WASTE IND
1.70% , BIIB , BIOGEN IDEC
2.56% , FDO , FAMILY DLR STRS
2.44% , XLNX , XILINX
0.56% , PHJ , Dividend Growth PS, PHJ
3.54% , GAS , NICOR
1.93% , IAH , Internet Architecture H, IAH
3.68% , CTSH , Cognizant Technology Solutions
1.90% , NOVL , NOVELL
2.90% , AMZN , Amazoncom Inc
3.39% , KSU , Kansas City Southern, KSU
2.33% , FAST , Fastenal Company
2.33% , EXC , EXELON CORP
3.25% , APOL , APOLLO GROUP
2.77% , AN , AUTONATION
6.54% , LRCX , LAM RESEARCH CORP
3.09% , ORCL , ORACLE
1.75% , LBTYA , Liberty Global Inc. (LBTYA)
3.53% , XHB , Homebuilders SPDR, XHB
2.13% , FII , FED INVESTORS STK B
3.19% , NVLS , NOVELLUS SYS
1.21% , PWY , Value SmallCap Dynamic PS, PWY
2.51% , IBM , IBM
1.54% , XSD , Semiconductor SPDR, XSD
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-1.92% , SANM , SANMINA
-4.25% , SLV , Silver Trust iS, SLV
-2.08% , EZA , South Africa Index, EZA
-2.63% , RSH , RADIOSHACK
-1.60% , DBC , Commodity Tracking, DBC
-1.86% , BBT , BB&T
-3.84% , FNM , FANNIE MAE
-3.89% , FRE , FREDDIE MAC
-1.59% , MRVL , MARVELL TECHNOLOGY
-2.35% , VLO , VALERO ENERGY
-2.00% , IAU , Gold COMEX iS, IAU
-2.64% , HMA , HEALTH MGMT STK A
-1.67% , CTB , COOPER TIRE
-0.84% , EWO , Austria Index, EWO
-0.68% , EWN , Netherlands Index, EWN
-2.01% , LVLT , LEVEL 3 COMMUNICATIONS
-0.49% , EFV , Value EAFE MSCI, EFV
-1.77% , BC , BRUNSWICK
-2.20% , NEM , NEWMONT MINING
-1.10% , CIEN.O , CIENA
-0.48% , AM , AMER GREETINGS STK A
-2.83% , ADM , ARCHER DANIELS
-2.05% , GLD , Gold Shares S.T., GLD
-0.67% , SSCC , Smurfit-Stone Container Corporation
-0.84% , EWP , Spain Index, EWP
-1.15% , IGE , Natural Resource iS GS, IGE
-3.45% , FMCN , Focus Media, FMCN
-1.96% , MON , MONSANTO
-1.96% , EWC , Canada Index, EWC
-1.62% , MRO , MARATHON OIL
-0.40% , EIX , EDISON INTL
-0.75% , MWV , MEADWESTVACO
-2.77% , S , SPRINT NEXTEL
-0.37% , PWER , POWER ONE
-1.30% , FLR , FLUOR
-2.34% , STLD , Steel Dynamics, STLD
-0.31% , CBS , CBS CORP.
-0.41% , FEZ , Euro STOXX 50, FEZ
-0.56% , AGG , Bond, Aggregate, AGG
-0.31% , MRK , MERCK & CO
Sectors: among the 9 major U.S. sectors, 7 rose and 2 fell.
Major Sectors Ranked for the Day
% Price Change Sector
1.63% Technology SPDR, XLK
1.06% Industrial SPDR, XLI
0.76% Consumer Discretionary SPDR, XLY
0.53% Financial SPDR, XLF
0.51% Utilities SPDR, XLU
0.41% Health Care SPDR, XLV
0.28% Consumer Staples SPDR, XLP
-0.46% Materials SPDR, XLB
-0.65% Energy SPDR, XLE
Materials (XLB) Neutral, Market Weight. On 5/20/08, XLB/SPY Relative Strength Ratio rose to another new all-time high. On 5/16/08, XLB price rose to another new all-time high. On 4/16/08, both the XLB price and the XLB/SPY Relative Strength Ratio rose to new all-time highs, confirming the major uptrend.
Utilities (XLU) Neutral, Market Weight. The XLU/SPY Relative Strength Ratio rose to a new 4-month high on 5/22/08. Since 10/17/02, the XLU/SPY Relative Strength Ratio has outperformed substantially. Since 5/15/08, the XLU/SPY Relative Strength Ratio has been rising again. So, Utilities have outperformed the S&P 500 both long term and short term.
Consumer Staples (XLP) Neutral, Market Weight. Since 3/28/08, the XLP/SPY Relative Strength Ratio has underperformed moderately.
Technology (XLK) Neutral, Market Weight. On 5/27/08, the XLK/SPY Relative Strength Ratio rose to another new 4-month high, confirming an improving intermediate-term trend.
Industrial (XLI) Neutral, Market Weight. Since 3/31/08, the XLI/SPY Relative Strength Ratio has underperformed moderately.
Health Care (XLV) Bearish, Underweight. Since 10/9/02, the XLV/SPY Relative Strength Ratio has underperformed substantially. On 5/15/08, the XLV/SPY Relative Strength Ratio fell to another new 6-year low, again confirming the existing Primary Bearish trend.
Consumer Discretionary (XLY) Bearish, Underweight. Since 1/5/05, the XLY/SPY Relative Strength Ratio has underperformed substantially. 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 5/21/08, the XLF/SPY Relative Strength Ratio fell to its lowest level in more than 7 years. Since 3/23/04, the XLF/SPY Relative Strength Ratio has underperformed substantially. 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 Relative Strength Ratio rose to a new 5-month high on 5/23/08. EFA outperformed since 2/8/08 and, longer term, since the major bottom on 3/12/03. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.
NASDAQ Composite price outperformed since 3/3/08. Longer term, the relative trends in larger time frames are not encouraging, however. The NASDAQ underperformed from 11/7/07 to 3/3/08, when the Relative Strength Ratio fell to a new 9-month low, thereby confirming downtrends in larger time frames.
Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high. 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 outperformed since 3/10/08. The Relative Strength Ratio is still in a downtrend since the peak on 4/19/06, however, so the main long-term trend has NOT YET confirmed the improved intermediate-term trend for Small Caps.
Crude Oil July futures broke down below the lows of the previous 3 trading days. The trend might be questioned for the day-to-day short-term, but trends are still Bullish in longer time frames. 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 contract broke down below the lows of the previous 3 trading days. The trend might be questioned for the day-to-day short-term, but trends are still Bullish in longer time frames.
Silver is still lagging Gold. 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) / Gold Bullion Relative Strength Ratio underperformed Gold since 10/31/07. Longer-term, GDX significantly underperformed Gold since 10/31/07. Therefore, GDX trends are Bearish relative to Gold itself.
U.S. Treasury Bond prices retested the lower end of a 3-week trading range. The minor Ripple Trend has been and remains neutral/sideways. Bonds have traced out Secondary Reaction, intermediate-term downside correction phase since the price peak on 3/20/08. 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 broke out above the highs of the previous 3 trading days. The trend might be questioned for the day-to-day short-term, but trends are still Bearish in longer time frames.
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 months, 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 47.3% Bulls versus 30.8% Bears as of 5/21/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio held at 1.54, the same as 1.54 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 rising, following a 2 month downtrend. Fear had been decreasing but now is starting to rise again. Previously, VIX had been falling since its peak of 32.64 on 3/17/08 to a low of 16.30 on 5/15/08. The all-time high was 45.74 on 10/8/98. The all-time low was 9.89 on 1/24/07. 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 22.99, has been in a rising trend for more than a week, following a 2 month downtrend. Fear had been decreasing but now is starting to rise again. Previously, VXN has been falling since its peak of 35.63 on 1/22/08. The all-time high was 114.23 on 10/8/98. The all-time low was 12.61 on 7/29/05. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.
CBOE Put/Call Ratio is 0.66, which indicates normal 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 1.49, which indicates normal 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 still may be Bearish. On 5/19/08, the Transports tested their all-time high and failed to make a new high. Meanwhile, the Industrials languished far below their highs. Following such failure to advance, a downside test should follow. 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.
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
1,440.24, high of 5/19/08
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:
5.75% Internet B2B H, BHH
3.53% Homebuilders SPDR, XHB
3.38% Ultra QQQ Double, QLD
2.26% Networking, PXQ
2.24% Software H, SWH
2.18% Software, IGV
2.10% Transportation Av DJ, IYT
2.07% Software, PSJ
2.06% Broadband H, BDH
2.00% Semiconductors, PSI
1.99% Ultra MidCap400 Double, MVV
1.95% Water Resources, PHO
1.93% Internet Architecture H, IAH
1.90% Technology GS, IGM
1.82% Semiconductor iS GS, IGW
1.81% Info Tech VIPERs, VGT
1.79% Technology MS sT, MTK
1.77% Value SmallCap S&P 600, RZV
1.76% Growth LargeCap NASDAQ 100, QQQQ
1.74% South Korea Index, EWY
1.71% OTC Dynamic PS, PWO
1.68% Technology DJ US, IYW
1.66% Growth SmallCap R 2000, IWO
1.64% Value MidCap S&P 400, RFV
1.63% Technology SPDR, XLK
1.62% Technology Global, IXN
1.58% SmallCap PS Zacks, PZJ
1.56% Semiconductor H, SMH
1.54% Retail, PMR
1.54% Semiconductor SPDR, XSD
1.54% SmallCap Russell 2000, IWM
1.52% Growth LargeCap NASDAQ Fidelity, ONEQ
1.50% SmallCap Core iS M, JKJ
1.46% Telecommunications & Wireless, PTE
1.43% Real Estate US DJ, IYR
1.43% Hong Kong Index, EWH
1.42% Networking, IGN
1.39% Growth SmallCap Dynamic PS, PWT
1.37% REIT VIPERs, VNQ
1.36% REIT Wilshire, RWR
1.35% Ultra Dow30 Double, DDM
1.31% Value SmallCap S&P 600 B, IJS
1.29% SmallCap S&P 600, IJR
1.27% Growth BARRA Small Cap 600, IJT
1.23% Ultra S&P500 Double, SSO
1.23% Growth SmallCap VIPERs, VBK
1.22% Realty Cohen & Steers, ICF
1.22% Retail H, RTH
1.21% Value SmallCap Dynamic PS, PWY
1.20% Hardware & Electronics, PHW
1.19% Micro Cap Zachs, PZI
1.18% Growth SmallCap iS M, JKK
1.18% Value SmallCap Russell 2000, IWN
1.18% Capital Markets KWB ST, KCE
1.17% Building & Construction, PKB
1.16% Mexico Index, EWW
1.16% Internet Infrastructure H, IIH
1.16% Small Cap VIPERs, VB
1.15% Microcap Russell, IWC
1.12% Value Small Cap DJ, DSV
1.12% Growth Small Cap DJ, DSG
1.10% Biotech SPDR, XBI
1.08% Value SmallCap iS M, JKL
1.08% Extended Mkt VIPERs, VXF
1.06% Industrial SPDR, XLI
1.04% Value S&P 500, RPV
1.04% Nanotech Lux, PXN
1.04% Value SmallCap VIPERS, VBR
1.02% Consumer Cyclical DJ, IYC
1.02% Growth LargeCap Russell 3000, IWZ
1.01% Consumer D. VIPERs, VCR
1.01% Financials VIPERs, VFH
0.97% LargeCap Blend S&P=Weight R, RSP
0.97% Growth LargeCap iS M, JKE
0.93% Pharmaceuticals, PJP
0.92% Industrial LargeCap Blend DJ US, IYJ
0.91% Biotechnology, IBB
0.89% Leisure & Entertainment, PEJ
0.88% Growth 1000 Russell, IWF
0.87% Blend Total Market VIPERs, VTI
0.87% Growth Large Cap, ELG
0.87% Value MidCap S&P 400 B, IJJ
0.85% Growth VIPERs, VUG
0.85% MidCap S&P 400 iS, IJH
0.82% Growth MidCap S&P 400, RFG
0.82% MidCap S&P 400 SPDRs, MDY
0.81% Telecom H, TTH
0.81% Telecom DJ US, IYZ
0.81% Industrials VIPERs, VIS
0.80% Lg Cap Growth PSD, PWB
0.79% Dividend SPDR, SDY
0.79% Growth S&P 500, RPG
0.79% LargeCap Blend S&P 100, OEF
0.79% Financial Services DJ, IYG
0.78% Pacific ex-Japan, EPP
0.78% Telecom Services VIPERs, VOX
0.76% Consumer Discretionary SPDR, XLY
0.75% LargeCap Blend Socially Responsible iS, KLD
0.74% S&P 500 SPDRs LargeCap Blend, SPY
0.74% Value S&P 500 B, IVE
0.73% Financial DJ US, IYF
0.73% Utilities H, UTH
0.71% LargeCap Blend Russell 3000, IWV
0.70% MidCap VIPERs, VO
0.70% LargeCap 1000 R, IWB
0.70% Value MidCap iS M, JKI
0.69% MidCap Russell, IWR
0.68% LargeCap Blend S&P 1500 iS, ISI
0.68% Taiwan Index, EWT
0.68% Value MidCap Russell, IWS
0.68% LargeCap Blend Total Market DJ, IYY
0.67% Growth S&P 500/BARRA, IVW
0.67% Oil Services H, OIH
0.67% Food & Beverage, PBJ
0.66% LargeCap VIPERs, VV
0.66% S&P 500 iS LargeCap Blend, IVV
0.66% DIAMONDS (DJIA), DIA
0.65% Dividend High Yield Equity PS, PEY
0.65% IPOs, First Tr IPOX-100, FPX
0.65% LargeCap Blend Core iS M, JKD
0.65% Growth Mid Cap Dynamic PS, PWJ
0.64% Value 40 Large Low P/E FT DB, FDV
0.63% Growth MidCap 400 B, IJK
0.62% Aerospace & Defense, PPA
0.62% Biotech & Genome, PBE
0.60% Growth MidCap Russell, IWP
0.60% Health Care VIPERs, VHT
0.59% Value LargeCap Fundamental RAFI 1000, PRF
0.59% MidCap Blend Core iS M, JKG
0.57% Bank Regional H, RKH
0.56% Dividend Growth PS, PHJ
0.56% Insurance, PIC
0.54% LargeCap Rydex Rus Top 50, XLG
0.54% Utilities VIPERs, VPU
0.54% Consumer Staples VIPERs, VDC
0.53% LargeCap Blend Dynamic PS, PWC
0.53% Financial SPDR, XLF
0.53% Singapore Index, EWS
0.52% Dividend Leaders, FDL
0.51% Utilities SPDR, XLU
0.51% MidCap Growth iS M, JKH
0.49% Value VIPERs, VTV
0.48% Dividend Appreciation Vipers, VIG
0.48% Australia Index, EWA
0.48% Pharmaceutical H, PPH
0.47% Healthcare DJ, IYH
0.47% Utilities DJ, IDU
0.47% Value MidCap Dynamic PS, PWP
0.46% Dividend DJ Select, DVY
0.41% Value Line Timeliness MidCap Gr, PIV
0.41% Health Care SPDR, XLV
0.41% Value 1000 Russell, IWD
0.41% Value LargeCap Russell 3000, IWW
0.40% Internet H, HHH
0.39% China 25 iS, FXI
0.36% Asia 50 BLDRS, ADRA
0.36% Utilities, PUI
0.33% Emerging VIPERs, VWO
0.33% Wilshire 5000 ST TM, TMW
0.31% Value LargeCap Dynamic PS, PWV
0.31% Value LargeCap NYSE 100 iS, NY
0.30% Japan Index, EWJ
0.29% Value Large Cap DJ, ELV
0.29% Dividend Achievers PS, PFM
0.28% Consumer Staples SPDR, XLP
0.28% Consumer Non-Cyclical, IYK
0.28% Japan LargeCap Blend TOPIX 150, ITF
0.28% Healthcare Global, IXJ
0.27% Telecommunications Global, IXP
0.22% Pacific VIPERs, VPL
0.21% Biotech H, BBH
0.21% Financials Global LargeCap Value, IXG
0.17% Malaysia Index, EWM
0.15% Germany Index, EWG
0.12% Global Titans, DGT
0.03% Oil & Gas, PXJ
-0.03% Value LargeCap iS M, JKF
-0.05% WilderHill Clean Energy PS, PBW
-0.07% LargeCap Blend NYSE Composite iS, NYC
-0.08% France Index, EWQ
-0.11% Bond, 1-3 Year Treasury, SHY
-0.13% United Kingdom Index, EWU
-0.16% Emerging Markets, EEM
-0.20% EAFE Index, EFA
-0.21% China LargeCap Growth G D H USX PS, PGJ
-0.22% Global 100, IOO
-0.25% Growth EAFE MSCI, EFG
-0.28% European VIPERs, VGK
-0.34% Value LargeCap Euro STOXX 50 DJ, FEU
-0.38% Energy VIPERs, VDE
-0.39% Materials VIPERs, VAW
-0.39% Europe 350 S&P Index, IEV
-0.41% Euro STOXX 50, FEZ
-0.45% Short 100% Dow 30, DOG
-0.45% EMU Europe Index, EZU
-0.46% Materials SPDR, XLB
-0.49% Bond, 10 Year Treasury, IEF
-0.49% Dividend International, PID
-0.49% Value EAFE MSCI, EFV
-0.56% Sweden Index, EWD
-0.56% Bond, Aggregate, AGG
-0.56% Developed 100 BLDRS, ADRD
-0.60% Bond, Corp, LQD
-0.63% Belgium Index, EWK
-0.65% Energy SPDR, XLE
-0.66% Energy DJ, IYE
-0.68% Bond, 20+ Years Treasury, TLT
-0.68% Netherlands Index, EWN
-0.69% Bond, TIPS, TIP
-0.70% Short 100% MidCap 400, MYY
-0.70% Basic Materials DJ US, IYM
-0.73% Switzerland Index, EWL
-0.81% Short 100% S&P 500, SH
-0.84% Spain Index, EWP
-0.84% Austria Index, EWO
-0.90% Metals & Mining SPDR, XME
-0.93% Emerging 50 BLDRS, ADRE
-0.94% Short 200% Dow 30 PS, DXD
-0.97% Italy Index, EWI
-0.98% Europe 100 BLDRS, ADRU
-0.99% Energy Exploration & Prod, PXE
-1.15% Natural Resource iS GS, IGE
-1.44% Latin Am 40, ILF
-1.50% Energy Global, IXC
-1.60% Commodity Tracking, DBC
-1.72% Short 100% QQQ, PSQ
-1.73% Brazil Index, EWZ
-1.88% Short 200% MidCap 400 PS, MZZ
-1.88% Short 200% S&P 500 PS, SDS
-1.96% Canada Index, EWC
-2.05% Gold Shares S.T., GLD
-2.08% South Africa Index, EZA
-2.52% Oil, Crude, U.S. Oil Fund, USO
-3.35% Short 200% QQQ PS, QID
-4.25% Silver Trust iS, SLV
