By Robert W. Colby, Senior Analyst TraderPlanet.com
Financial Stock Sector Relative Strength Ratio fell to its lowest level in more than 7 years.
Technology Stock Sector Relative Strength Ratio rose to another new 4-month high.
Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high.
Commodities, oil, gold: consolidation or correction would come as no surprise given overbought conditions.
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
1.36% , RPG , Growth S&P 500, RPG
8.50% , CFC , COUNTRYWIDE FNCL
6.24% , LPX , LOUISIANA PAC
4.76% , PWER , POWER ONE
4.50% , ETN , EATON
7.46% , DLTR , Dollar Tree Stores Inc
0.91% , FDV , Value 40 Large Low P/E FT DB, FDV
0.56% , ELG , Growth Large Cap, ELG
9.61% , SSCC , Smurfit-Stone Container Corporation
5.11% , ATI , ALLEGHENY TECH
0.38% , NY , Value LargeCap NYSE 100 iS, NY
5.50% , TBH , Telebras HOLDRS, TBH*
2.76% , ILF , Latin Am 40, ILF
3.48% , PLL , PALL
1.98% , MVV , Ultra MidCap400 Double, MVV
5.17% , ASH , ASHLAND
3.82% , BIG , BIG LOTS
2.61% , SANM , SANMINA
1.82% , BHH , Internet B2B H, BHH
3.45% , MAS , MASCO
4.31% , EMN , EASTMAN CHEM
0.60% , IGN , Networking, IGN
0.61% , PWO , OTC Dynamic PS, PWO
3.61% , WY , WEYERHAEUSER
1.27% , PKB , Building & Construction, PKB
1.90% , IP , INTL PAPER
1.72% , HGSI , Human Genome Sciences Inc
1.88% , VFC , VF
2.82% , IGT , INTL GAME TECH
0.96% , IXC , Energy Global, IXC
2.80% , APD , AIR PRODS & CHEM
2.76% , WFMI , Whole Foods Market Inc
2.35% , LTR , LOEWS
2.95% , AA , ALCOA
0.48% , IGM , Technology GS, IGM
1.87% , MWV , MEADWESTVACO
2.57% , LEG , LEGGETT & PLATT
3.85% , TIN , TEMPLE INLAND
4.05% , THC , TENET HEALTHCARE
3.41% , DE , DEERE & CO
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-0.70% , BDH , Broadband H, BDH
-51.26% , IVGN , Invitrogen Corporation
-10.43% , KEY , KEYCORP
-4.31% , VIA , VIACOM INC. (New)
-4.98% , ADM , ARCHER DANIELS
-8.98% , ABK , AMBAC FINL GRP
-4.73% , VIA.B , VIACOM STK B
-4.90% , SNV , SYNOVUS
-5.04% , RF , REGIONS FINAN
-2.67% , WAT , WATERS
-5.98% , CIT , CIT GROUP
-3.92% , WB , WACHOVIA
-3.46% , MTB , M&T BANK
-5.21% , CCE , COCA COLA ENTER
-4.67% , AIG , AMER INTL GROUP
-2.51% , XL , XL CAPITAL STK A
-1.18% , SDY , Dividend SPDR, SDY
-4.30% , MI , MARSHAL & ILSLEY
-0.53% , FDL , Dividend Leaders, FDL
-3.27% , PBG , PEPSI BOTTLING
-0.64% , KCE , Capital Markets KWB ST, KCE
-1.82% , ZION , ZIONS
-3.58% , FITB , FIFTH THIRD BANC
-2.36% , BC , BRUNSWICK
-3.80% , CMA , COMERICA
-2.44% , GENZ , GENZYME GEN
-0.53% , WWY , WM WRIGLEY JR
-0.85% , BSC , BEAR STEARNS
-1.43% , CTB , COOPER TIRE
-1.96% , KO , COCA COLA
-1.80% , PKI , PERKINELMER
-1.58% , PEY , Dividend High Yield Equity PS, PEY
-1.20% , RKH , Bank Regional H, RKH
-1.06% , PBI , PITNEY BOWES
-4.04% , STI , SUNTRUST BANKS
-2.26% , UNH , UNITEDHEALTH GRP
-0.78% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-0.76% , TNB , THOMAS & BETTS
-4.94% , HBAN , HUNTINGTON
-1.77% , MZZ , Short 200% MidCap 400 PS, MZZ
Sectors: among the 9 major U.S. sectors, 6 rose and 2 fell.
Major Sectors Ranked for the Day
% Price Change Sector
2.50% Materials SPDR, XLB
2.11% Energy SPDR, XLE
0.68% Industrial SPDR, XLI
0.56% Technology SPDR, XLK
0.14% Consumer Staples SPDR, XLP
0.07% Utilities SPDR, XLU
0.00% Consumer Discretionary SPDR, XLY
-0.10% Health Care SPDR, XLV
-0.57% Financial SPDR, XLF
Energy (XLE) Neutral, Market Weight. On 5/20/08, 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 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.
Technology (XLK) Neutral, Market Weight. On 5/28/08, the XLK/SPY Relative Strength Ratio rose to another new 4-month high, confirming an improving intermediate-term trend.
Consumer Staples (XLP) Neutral, Market Weight. Since 3/28/08, the XLP/SPY Relative Strength Ratio has underperformed moderately.
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 5/28/08, 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 recovered most of Tuesday’s loss. But still, the trend might be questioned, especially for the short-term, day-to-day. Crude oil has been quite overbought, so a consolidation or correction would come as no surprise. Technically, 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 6 trading days. Gold’s trend might be questioned for both short-term and intermediate-term 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 broke down to a new 7-month price low. This indicates a significant Bearish trend change. Traders in all timeframes ought to consider selling bonds at this time.
The U.S. dollar broke out above the highs of the previous 5 trading days. The day-to-day trend appears to have improved for the very 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 37.9% Bulls versus 32.2% Bears as of 5/28/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 1.18, down from 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” is now at 19.07 and falling, indicating decreasing Fear. VIX fell from a 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” is now at 22.24 and falling, indicating decreasing Fear. VXN fell from a peak of 35.63 on 1/22/08 to a low of 20.00 on 5/16/08. 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 0.62, 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 1.19, which indicates Bearish 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 weakened.
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:
4.21% Metals & Mining SPDR, XME
3.60% Brazil Index, EWZ
3.08% Basic Materials DJ US, IYM
2.83% Materials VIPERs, VAW
2.80% Oil Services H, OIH
2.76% Latin Am 40, ILF
2.50% Materials SPDR, XLB
2.11% Energy SPDR, XLE
1.98% Ultra MidCap400 Double, MVV
1.82% Internet B2B H, BHH
1.68% Natural Resource iS GS, IGE
1.63% Emerging 50 BLDRS, ADRE
1.61% Oil & Gas, PXJ
1.59% Oil, Crude, U.S. Oil Fund, USO
1.54% Canada Index, EWC
1.46% Internet Infrastructure H, IIH
1.43% Leisure & Entertainment, PEJ
1.43% China LargeCap Growth G D H USX PS, PGJ
1.40% Growth MidCap 400 B, IJK
1.37% Energy DJ, IYE
1.36% Value Line Timeliness MidCap Gr, PIV
1.36% Growth S&P 500, RPG
1.35% Emerging Markets, EEM
1.32% Energy VIPERs, VDE
1.32% Water Resources, PHO
1.28% Telecom H, TTH
1.27% Building & Construction, PKB
1.24% MidCap S&P 400 SPDRs, MDY
1.22% Growth MidCap Russell, IWP
1.20% Internet Architecture H, IAH
1.19% MidCap Growth iS M, JKH
1.18% Ultra S&P500 Double, SSO
1.17% Energy Exploration & Prod, PXE
1.16% Ultra QQQ Double, QLD
1.16% MidCap Blend Core iS M, JKG
1.13% WilderHill Clean Energy PS, PBW
1.06% Telecom Services VIPERs, VOX
1.05% Growth SmallCap VIPERs, VBK
1.03% Telecom DJ US, IYZ
1.01% Transportation Av DJ, IYT
0.99% MidCap VIPERs, VO
0.97% Industrials VIPERs, VIS
0.96% Energy Global, IXC
0.91% Value 40 Large Low P/E FT DB, FDV
0.89% Industrial LargeCap Blend DJ US, IYJ
0.89% Netherlands Index, EWN
0.87% Extended Mkt VIPERs, VXF
0.87% Software H, SWH
0.87% MidCap Russell, IWR
0.86% Mexico Index, EWW
0.85% Retail H, RTH
0.82% Growth SmallCap iS M, JKK
0.81% Value MidCap Dynamic PS, PWP
0.77% Austria Index, EWO
0.77% Growth Mid Cap Dynamic PS, PWJ
0.75% Growth VIPERs, VUG
0.75% Growth SmallCap Dynamic PS, PWT
0.70% LargeCap Blend Dynamic PS, PWC
0.70% Retail, PMR
0.69% MidCap S&P 400 iS, IJH
0.68% Growth S&P 500/BARRA, IVW
0.68% Growth 1000 Russell, IWF
0.68% Industrial SPDR, XLI
0.67% Singapore Index, EWS
0.65% Consumer D. VIPERs, VCR
0.64% Small Cap VIPERs, VB
0.63% LargeCap Blend S&P=Weight R, RSP
0.63% Commodity Tracking, DBC
0.63% Growth Small Cap DJ, DSG
0.62% SmallCap Core iS M, JKJ
0.62% Lg Cap Growth PSD, PWB
0.61% OTC Dynamic PS, PWO
0.61% Aerospace & Defense, PPA
0.61% EMU Europe Index, EZU
0.61% Growth MidCap S&P 400, RFG
0.60% Networking, IGN
0.60% Blend Total Market VIPERs, VTI
0.59% Ultra Dow30 Double, DDM
0.58% Growth BARRA Small Cap 600, IJT
0.58% Euro STOXX 50, FEZ
0.57% France Index, EWQ
0.57% Consumer Cyclical DJ, IYC
0.56% Technology SPDR, XLK
0.56% Growth Large Cap, ELG
0.55% European VIPERs, VGK
0.55% Info Tech VIPERs, VGT
0.54% LargeCap 1000 R, IWB
0.54% Networking, PXQ
0.53% LargeCap Blend NYSE Composite iS, NYC
0.53% Technology DJ US, IYW
0.53% Growth LargeCap Russell 3000, IWZ
0.53% Wilshire 5000 ST TM, TMW
0.52% Technology MS sT, MTK
0.51% SmallCap S&P 600, IJR
0.51% Growth LargeCap iS M, JKE
0.50% Value SmallCap Russell 2000, IWN
0.49% Growth SmallCap R 2000, IWO
0.49% S&P 500 iS LargeCap Blend, IVV
0.48% Technology GS, IGM
0.46% Value SmallCap S&P 600 B, IJS
0.46% SmallCap Russell 2000, IWM
0.46% LargeCap VIPERs, VV
0.46% SmallCap PS Zacks, PZJ
0.46% S&P 500 SPDRs LargeCap Blend, SPY
0.46% Value MidCap S&P 400 B, IJJ
0.46% Emerging VIPERs, VWO
0.45% Value Small Cap DJ, DSV
0.44% Value SmallCap S&P 600, RZV
0.44% United Kingdom Index, EWU
0.43% Microcap Russell, IWC
0.42% LargeCap Blend Russell 3000, IWV
0.41% Growth LargeCap NASDAQ 100, QQQQ
0.41% Real Estate US DJ, IYR
0.41% IPOs, First Tr IPOX-100, FPX
0.40% Value SmallCap VIPERS, VBR
0.39% LargeCap Blend Core iS M, JKD
0.39% LargeCap Blend S&P 100, OEF
0.39% Germany Index, EWG
0.39% Switzerland Index, EWL
0.39% Semiconductor iS GS, IGW
0.38% Europe 350 S&P Index, IEV
0.38% Value LargeCap NYSE 100 iS, NY
0.37% LargeCap Blend Total Market DJ, IYY
0.36% Value LargeCap Dynamic PS, PWV
0.36% LargeCap Blend S&P 1500 iS, ISI
0.35% Homebuilders SPDR, XHB
0.34% Sweden Index, EWD
0.33% Value MidCap iS M, JKI
0.33% DIAMONDS (DJIA), DIA
0.32% Realty Cohen & Steers, ICF
0.32% Software, IGV
0.32% Value SmallCap iS M, JKL
0.32% Value MidCap Russell, IWS
0.31% Dividend International, PID
0.31% Semiconductor H, SMH
0.30% Value S&P 500 B, IVE
0.27% Value LargeCap Russell 3000, IWW
0.26% Developed 100 BLDRS, ADRD
0.26% Growth EAFE MSCI, EFG
0.24% LargeCap Blend Socially Responsible iS, KLD
0.24% Food & Beverage, PBJ
0.24% Dividend Appreciation Vipers, VIG
0.24% Technology Global, IXN
0.24% Biotech H, BBH
0.23% Europe 100 BLDRS, ADRU
0.23% Pharmaceutical H, PPH
0.23% Value LargeCap iS M, JKF
0.22% Value 1000 Russell, IWD
0.19% Value VIPERs, VTV
0.19% Biotech SPDR, XBI
0.19% Value SmallCap Dynamic PS, PWY
0.18% Value LargeCap Fundamental RAFI 1000, PRF
0.18% Global Titans, DGT
0.17% Growth LargeCap NASDAQ Fidelity, ONEQ
0.17% REIT VIPERs, VNQ
0.16% Value Large Cap DJ, ELV
0.15% Utilities, PUI
0.14% Consumer Staples SPDR, XLP
0.14% Nanotech Lux, PXN
0.13% Telecommunications Global, IXP
0.13% Belgium Index, EWK
0.12% REIT Wilshire, RWR
0.11% Utilities DJ, IDU
0.11% Software, PSJ
0.11% Utilities VIPERs, VPU
0.10% Value LargeCap Euro STOXX 50 DJ, FEU
0.10% Telecommunications & Wireless, PTE
0.09% Global 100, IOO
0.07% Utilities SPDR, XLU
0.07% Value S&P 500, RPV
0.06% LargeCap Rydex Rus Top 50, XLG
0.05% Hong Kong Index, EWH
0.05% Silver Trust iS, SLV
0.05% Semiconductors, PSI
0.03% Spain Index, EWP
0.03% South Africa Index, EZA
0.02% Healthcare DJ, IYH
0.00% Consumer Discretionary SPDR, XLY
0.00% Dividend Achievers PS, PFM
0.00% Insurance, PIC
-0.01% EAFE Index, EFA
-0.02% Pacific ex-Japan, EPP
-0.04% Semiconductor SPDR, XSD
-0.04% Utilities H, UTH
-0.06% Financials Global LargeCap Value, IXG
-0.06% Pharmaceuticals, PJP
-0.07% Health Care VIPERs, VHT
-0.09% Value EAFE MSCI, EFV
-0.10% Health Care SPDR, XLV
-0.15% China 25 iS, FXI
-0.18% Bond, 1-3 Year Treasury, SHY
-0.21% Biotechnology, IBB
-0.22% Italy Index, EWI
-0.25% Consumer Staples VIPERs, VDC
-0.25% Gold Shares S.T., GLD
-0.26% Short 100% QQQ, PSQ
-0.26% South Korea Index, EWY
-0.29% Hardware & Electronics, PHW
-0.30% Short 100% S&P 500, SH
-0.31% Healthcare Global, IXJ
-0.33% Dividend Growth PS, PHJ
-0.42% Short 100% Dow 30, DOG
-0.43% Value MidCap S&P 400, RFV
-0.43% Malaysia Index, EWM
-0.46% Bond, Aggregate, AGG
-0.46% Consumer Non-Cyclical, IYK
-0.48% Australia Index, EWA
-0.53% Dividend Leaders, FDL
-0.57% Financial SPDR, XLF
-0.57% Financial DJ US, IYF
-0.61% Financials VIPERs, VFH
-0.64% Capital Markets KWB ST, KCE
-0.64% Bond, Corp, LQD
-0.64% Pacific VIPERs, VPL
-0.66% Asia 50 BLDRS, ADRA
-0.67% Biotech & Genome, PBE
-0.68% Dividend DJ Select, DVY
-0.70% Broadband H, BDH
-0.72% Financial Services DJ, IYG
-0.75% Bond, 10 Year Treasury, IEF
-0.76% Short 200% S&P 500 PS, SDS
-0.78% Internet H, HHH
-0.78% Japan LargeCap Blend TOPIX 150, ITF
-0.89% Bond, 20+ Years Treasury, TLT
-0.89% Short 100% MidCap 400, MYY
-0.90% Bond, TIPS, TIP
-0.92% Taiwan Index, EWT
-1.03% Micro Cap Zachs, PZI
-1.12% Japan Index, EWJ
-1.17% Short 200% Dow 30 PS, DXD
-1.18% Dividend SPDR, SDY
-1.20% Bank Regional H, RKH
-1.21% Short 200% QQQ PS, QID
-1.58% Dividend High Yield Equity PS, PEY
-1.77% Short 200% MidCap 400 PS, MZZ
