By Robert W. Colby, Senior Analyst TraderPlanet.com

Rising volume, indicating strong buying, is lacking.

Stocks might be getting overbought: RSI (14) at 64.29 is higher than it has been anytime since the October top, as calculated based on the S&P 500.

Volume is failing. Volume should rise on rallies, but volume has remained low during the April-May rally.

Crude Oil reversed sharply to the upside, rising above the highs of the past 2 days.

The main Bullish force: the Fed is easy, providing massive liquidity on ever more liberal terms.

On Friday, the S&P 500 gapped up sharply higher on the open in reaction to reports of favorable employment data and a substantial enhancement of the Fed’s Term Auction Facility, designed to provide massive liquidity to a needy, troubled financial system. Stocks quickly reversed to the downside, however. By the time of the mixed close, stock price indexes had given back most of their early gains. Total NYSE volume fell 11%, hinting at reluctance to chase stocks higher.

The recent 7-week upward tilting stock price correction has been more persistent than any rally since the one that ended on 10/11/07. The current rally still may prove to be nothing more than a Secondary Reaction Continuation Pattern within the context of a Primary Bearish Trend. It is not clear that the Bear has gone into hibernation. The conflict between the short-term trend and the longer-term trend seems to be unresolved, in my judgment. More time will tell.

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
0.93% , ADRD , Developed 100 BLDRS, ADRD
1.78% , PGJ , China LargeCap Growth G D H USX PS, PGJ
3.09% , AEE , AMEREN
8.66% , JNY , JONES APPAREL
1.12% , IDU , Utilities DJ, IDU
3.60% , MNST , MONSTER WORLDWID
1.41% , ADRA , Asia 50 BLDRS, ADRA
0.99% , IXC , Energy Global, IXC
6.92% , YHOO , YAHOO
2.45% , MAR , MARRIOTT INTL STK A
5.58% , PTEN , Patterson-UTI Energy Inc
6.35% , RYAAY , Ryanair Holdings plc
3.38% , SRE , SEMPRA ENERGY
0.36% , IWR , MidCap Russell, IWR
3.05% , D , DOMINION RSCS
8.86% , SLM , SLM CORP
2.69% , NCC , NATIONAL CITY
1.49% , EQR , EQUITY RESIDENT BEN INT
4.10% , FAST , Fastenal Company
0.51% , PWV , Value LargeCap Dynamic PS, PWV
3.01% , FE , FIRSTENERGY
1.14% , PUI , Utilities, PUI
3.08% , XL , XL CAPITAL STK A
0.90% , HHH , Internet H, HHH
1.85% , AIG , AMER INTL GROUP
1.49% , CCU , CLEAR CHANNEL
7.67% , CIT , CIT GROUP
1.37% , BHH , Internet B2B H, BHH
2.59% , JWN , NORDSTROM
0.30% , TMW , Wilshire 5000 ST TM, TMW
0.50% , KLD , LargeCap Blend Socially Responsible iS, KLD
3.51% , ADBE , ADOBE SYS
0.36% , PEJ , Leisure & Entertainment, PEJ
2.04% , PX , PRAXAIR
2.89% , CTAS , CINTAS
2.54% , RHI , ROBERT HALF
1.89% , PCG , PG&E
1.98% , AES , AES
0.44% , VOX , Telecom Services VIPERs, VOX
1.97% , SPLS , STAPLES

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-0.63% , IXJ , Healthcare Global, IXJ
-4.39% , CEPH , Cephalon Inc
-3.08% , SYK , STRYKER
-5.30% , AGN , ALLERGAN
-2.08% , PHW , Hardware & Electronics, PHW
-7.96% , QLGC , QLOGIC
-0.46% , PKB , Building & Construction, PKB
-1.10% , VIA , VIACOM INC. (New)
-1.95% , ZMH , ZIMMER HLDGS
-4.69% , ADP , AUTOMATIC DATA
-3.19% , JCI , JOHNSON CONTROLS
-2.07% , NI , NISOURCE
-0.20% , RWR , REIT Wilshire, RWR
-2.11% , MKC , MCCORMICK
-2.64% , TJX , TJX
-0.09% , JKI , Value MidCap iS M, JKI
-2.62% , SIAL , SIGMA ALDRICH
-1.74% , SLE , SARA LEE
-2.11% , EBAY , EBAY
-3.04% , TUP , TUPPERWARE
-1.23% , VIA.B , VIACOM STK B
-0.51% , PWB , Lg Cap Growth PSD, PWB
-1.55% , KG , KING PHARM
-3.11% , LNCR , Lincare Holdings Inc
-1.30% , GR , GOODRICH CORP
-0.22% , JKL , Value SmallCap iS M, JKL
-1.79% , GPS , GAP
-1.49% , WY , WEYERHAEUSER
-1.80% , CAG , CONAGRA FOODS
-0.52% , IIH , Internet Infrastructure H, IIH
-1.41% , EFX , EQUIFAX
-1.06% , COF , CAPITAL ONE FNCL
-0.31% , SDY , Dividend SPDR, SDY
-1.88% , NIHD , NII Holdings, Inc.
-0.31% , DSV , Value Small Cap DJ, DSV
-1.16% , CFC , COUNTRYWIDE FNCL
-1.79% , IP , INTL PAPER
-2.48% , F , FORD MOTOR
-1.53% , LTD , LIMITED BRANDS
-0.49% , ROST , Ross Stores Inc

Sectors: among the 9 major U.S. sectors, 6 rose and 3 fell.
Major Sectors Ranked for the Day
% Price Change Sector

1.89% Energy SPDR, XLE
1.66% Utilities SPDR, XLU
1.02% Materials SPDR, XLB
0.69% Financial SPDR, XLF
0.39% Industrial SPDR, XLI
0.03% Health Care SPDR, XLV
-0.04% Technology SPDR, XLK
-0.14% Consumer Staples SPDR, XLP
-0.21% Consumer Discretionary SPDR, XLY

Looking beyond the daily fluctuation to the major trends (listed in order of long-term relative strength):

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 5/1/08, the XLI/SPY Relative Strength Ratio rose to a new 3-month high, confirming an improving intermediate-term trend.

Consumer Staples (XLP) Neutral, Market Weight. On 5/2/08, the XLP/SPY Relative Strength Ratio fell to a new 3-month low, confirming a corrective intermediate-term trend.

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.

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.

Consumer Discretionary (XLY) Bearish, Underweight. On 4/30/08, the XLY/SPY Relative Strength Ratio fell to a new 3-month 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.

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.

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 underperformed short-term, over the past 2 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 reversed sharply to the upside, rising above the highs of the past 2 days. The short-term trend has improved, and the longer-term trends are 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 June futures recovered slightly, a day after falling to a new 4-month low. Gold has been in a Secondary Reaction downside correction 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) / Gold Bullion Relative Strength Ratio fell to another new low on 4/29/08. Longer-term, GDX significantly underperformed Gold since 10/31/07. Therefore, GDX trends are Bearish relative to Gold itself.

U.S. Treasury Bond prices fell more steeply. Bonds still 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 has been rising since its low on 4/22/08. It moved above the top end of its 8-week trading range, which may be interpreted as a Bullish sign for the minor trend. The major trend of the dollar remains down, however.

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 40.9% Bulls versus 31.8% Bears as of 4/30/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio rose to 1.29, up from 1.10 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 18.18, is very 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 21.39, is very 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 0.63, 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 1.24, 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 still may 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.

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 (1,409.34):

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
1,435.65, low of 12/18/2007
1,430.28, high of 1/8/08

To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index (1,409.34):

Potential Support
1,383.07, low of 5/1/2008
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:

3.34% Oil, Crude, U.S. Oil Fund, USO
3.29% Metals & Mining SPDR, XME
2.54% Commodity Tracking, DBC
2.42% Oil Services H, OIH
2.33% Oil & Gas, PXJ
1.89% Energy SPDR, XLE
1.78% China LargeCap Growth G D H USX PS, PGJ
1.73% Natural Resource iS GS, IGE
1.72% Brazil Index, EWZ
1.70% Canada Index, EWC
1.68% Energy Exploration & Prod, PXE
1.68% Australia Index, EWA
1.66% Utilities SPDR, XLU
1.64% Silver Trust iS, SLV
1.59% Basic Materials DJ US, IYM
1.49% Latin Am 40, ILF
1.49% Energy VIPERs, VDE
1.45% Singapore Index, EWS
1.41% Asia 50 BLDRS, ADRA
1.37% Internet B2B H, BHH
1.34% Energy DJ, IYE
1.33% Pacific ex-Japan, EPP
1.27% Dividend International, PID
1.26% Mexico Index, EWW
1.24% Emerging 50 BLDRS, ADRE
1.21% Hong Kong Index, EWH
1.14% Utilities, PUI
1.12% Utilities DJ, IDU
1.09% Ultra QQQ Double, QLD
1.02% Materials SPDR, XLB
0.99% Energy Global, IXC
0.96% Emerging Markets, EEM
0.93% Developed 100 BLDRS, ADRD
0.91% China 25 iS, FXI
0.91% Pacific VIPERs, VPL
0.90% Internet H, HHH
0.90% Utilities H, UTH
0.87% South Africa Index, EZA
0.80% Materials VIPERs, VAW
0.79% Capital Markets KWB ST, KCE
0.79% Ultra Dow30 Double, DDM
0.78% United Kingdom Index, EWU
0.75% LargeCap Blend NYSE Composite iS, NYC
0.72% Utilities VIPERs, VPU
0.70% Gold Shares S.T., GLD
0.69% Financial SPDR, XLF
0.69% Europe 100 BLDRS, ADRU
0.68% Emerging VIPERs, VWO
0.67% MidCap Growth iS M, JKH
0.61% South Korea Index, EWY
0.59% DIAMONDS (DJIA), DIA
0.51% Telecommunications Global, IXP
0.51% Value LargeCap Dynamic PS, PWV
0.51% Ultra S&P500 Double, SSO
0.51% Semiconductor H, SMH
0.50% Industrials VIPERs, VIS
0.50% LargeCap Blend Socially Responsible iS, KLD
0.49% Value MidCap Russell, IWS
0.48% Financials Global LargeCap Value, IXG
0.48% LargeCap Rydex Rus Top 50, XLG
0.46% Telecom H, TTH
0.45% MidCap Blend Core iS M, JKG
0.45% Pharmaceutical H, PPH
0.44% Telecom Services VIPERs, VOX
0.44% Growth Small Cap DJ, DSG
0.43% WilderHill Clean Energy PS, PBW
0.39% Industrial SPDR, XLI
0.38% Value LargeCap Russell 3000, IWW
0.37% Value LargeCap iS M, JKF
0.37% Ultra MidCap400 Double, MVV
0.37% Value 1000 Russell, IWD
0.37% Dividend Leaders, FDL
0.36% Leisure & Entertainment, PEJ
0.36% Growth 1000 Russell, IWF
0.36% MidCap Russell, IWR
0.35% Value EAFE MSCI, EFV
0.34% Value LargeCap NYSE 100 iS, NY
0.33% Industrial LargeCap Blend DJ US, IYJ
0.33% Growth MidCap Russell, IWP
0.32% Growth MidCap S&P 400, RFG
0.32% LargeCap Blend Total Market DJ, IYY
0.31% Financial DJ US, IYF
0.30% S&P 500 iS LargeCap Blend, IVV
0.30% Wilshire 5000 ST TM, TMW
0.30% LargeCap Blend Core iS M, JKD
0.30% Value Line Timeliness MidCap Gr, PIV
0.29% Blend Total Market VIPERs, VTI
0.29% MidCap VIPERs, VO
0.28% Value LargeCap Fundamental RAFI 1000, PRF
0.28% LargeCap Blend S&P=Weight R, RSP
0.28% S&P 500 SPDRs LargeCap Blend, SPY
0.28% EAFE Index, EFA
0.27% LargeCap VIPERs, VV
0.27% Growth MidCap 400 B, IJK
0.27% Value VIPERs, VTV
0.26% LargeCap Blend Russell 3000, IWV
0.26% Technology MS sT, MTK
0.24% Value Large Cap DJ, ELV
0.24% Financials VIPERs, VFH
0.24% Growth S&P 500/BARRA, IVW
0.24% Dividend Achievers PS, PFM
0.23% Growth S&P 500, RPG
0.23% Global 100, IOO
0.22% Growth VIPERs, VUG
0.22% LargeCap 1000 R, IWB
0.21% Value 40 Large Low P/E FT DB, FDV
0.20% Value S&P 500 B, IVE
0.20% LargeCap Blend S&P 100, OEF
0.17% MidCap S&P 400 SPDRs, MDY
0.17% Real Estate US DJ, IYR
0.17% LargeCap Blend S&P 1500 iS, ISI
0.16% Value MidCap S&P 400 B, IJJ
0.16% Growth LargeCap iS M, JKE
0.15% Europe 350 S&P Index, IEV
0.14% Growth LargeCap NASDAQ 100, QQQQ
0.13% Growth LargeCap Russell 3000, IWZ
0.12% Value MidCap Dynamic PS, PWP
0.11% Financial Services DJ, IYG
0.11% Healthcare DJ, IYH
0.10% Italy Index, EWI
0.09% Growth Mid Cap Dynamic PS, PWJ
0.09% Growth SmallCap VIPERs, VBK
0.07% Biotech SPDR, XBI
0.06% Insurance, PIC
0.05% Semiconductor iS GS, IGW
0.05% Extended Mkt VIPERs, VXF
0.04% European VIPERs, VGK
0.04% Growth EAFE MSCI, EFG
0.03% Health Care SPDR, XLV
0.02% Dividend Appreciation Vipers, VIG
0.02% Consumer Non-Cyclical, IYK
0.02% Small Cap VIPERs, VB
0.00% Value SmallCap Dynamic PS, PWY
-0.02% SmallCap S&P 600, IJR
-0.02% Dividend DJ Select, DVY
-0.02% Technology DJ US, IYW
-0.02% Spain Index, EWP
-0.03% Japan LargeCap Blend TOPIX 150, ITF
-0.03% Value LargeCap Euro STOXX 50 DJ, FEU
-0.04% MidCap S&P 400 iS, IJH
-0.04% Consumer D. VIPERs, VCR
-0.04% Technology SPDR, XLK
-0.04% Software, IGV
-0.05% Aerospace & Defense, PPA
-0.05% Water Resources, PHO
-0.06% Semiconductors, PSI
-0.06% Value SmallCap S&P 600 B, IJS
-0.07% Networking, IGN
-0.07% Realty Cohen & Steers, ICF
-0.07% Technology GS, IGM
-0.08% Technology Global, IXN
-0.08% Internet Architecture H, IAH
-0.09% Growth Large Cap, ELG
-0.09% REIT VIPERs, VNQ
-0.09% Value MidCap iS M, JKI
-0.09% Value SmallCap VIPERS, VBR
-0.10% Software H, SWH
-0.10% Netherlands Index, EWN
-0.11% France Index, EWQ
-0.11% Telecommunications & Wireless, PTE
-0.11% OTC Dynamic PS, PWO
-0.12% IPOs, First Tr IPOX-100, FPX
-0.12% Euro STOXX 50, FEZ
-0.13% Bond, 1-3 Year Treasury, SHY
-0.14% Consumer Staples SPDR, XLP
-0.14% Dividend Growth PS, PHJ
-0.14% Health Care VIPERs, VHT
-0.15% Broadband H, BDH
-0.16% Growth BARRA Small Cap 600, IJT
-0.16% Growth SmallCap iS M, JKK
-0.16% Consumer Cyclical DJ, IYC
-0.17% Bond, Aggregate, AGG
-0.18% Taiwan Index, EWT
-0.18% Food & Beverage, PBJ
-0.19% Growth SmallCap R 2000, IWO
-0.19% Short 100% MidCap 400, MYY
-0.20% REIT Wilshire, RWR
-0.21% Short 100% S&P 500, SH
-0.21% Consumer Discretionary SPDR, XLY
-0.21% Biotechnology, IBB
-0.22% Consumer Staples VIPERs, VDC
-0.22% Value SmallCap iS M, JKL
-0.22% Semiconductor SPDR, XSD
-0.22% Japan Index, EWJ
-0.24% EMU Europe Index, EZU
-0.25% Bond, TIPS, TIP
-0.25% Short 100% QQQ, PSQ
-0.27% Value S&P 500, RPV
-0.29% Microcap Russell, IWC
-0.29% SmallCap PS Zacks, PZJ
-0.31% Value Small Cap DJ, DSV
-0.31% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.31% Dividend SPDR, SDY
-0.32% SmallCap Russell 2000, IWM
-0.35% Value SmallCap Russell 2000, IWN
-0.35% Switzerland Index, EWL
-0.35% LargeCap Blend Dynamic PS, PWC
-0.35% SmallCap Core iS M, JKJ
-0.35% Bank Regional H, RKH
-0.36% Micro Cap Zachs, PZI
-0.38% Short 200% MidCap 400 PS, MZZ
-0.38% Sweden Index, EWD
-0.39% Info Tech VIPERs, VGT
-0.40% Pharmaceuticals, PJP
-0.42% Dividend High Yield Equity PS, PEY
-0.45% Austria Index, EWO
-0.46% Building & Construction, PKB
-0.48% Growth SmallCap Dynamic PS, PWT
-0.51% Lg Cap Growth PSD, PWB
-0.52% Internet Infrastructure H, IIH
-0.57% Belgium Index, EWK
-0.58% Bond, Corp, LQD
-0.63% Healthcare Global, IXJ
-0.64% Short 100% Dow 30, DOG
-0.65% Telecom DJ US, IYZ
-0.65% Transportation Av DJ, IYT
-0.66% Retail H, RTH
-0.66% Germany Index, EWG
-0.70% Short 200% S&P 500 PS, SDS
-0.74% Value SmallCap S&P 600, RZV
-0.75% Global Titans, DGT
-0.79% Value MidCap S&P 400, RFV
-0.81% Bond, 10 Year Treasury, IEF
-0.84% Short 200% Dow 30 PS, DXD
-0.85% Nanotech Lux, PXN
-0.94% Biotech & Genome, PBE
-1.01% Short 200% QQQ PS, QID
-1.01% Software, PSJ
-1.12% Retail, PMR
-1.26% Homebuilders SPDR, XHB
-1.26% Bond, 20+ Years Treasury, TLT
-1.33% Biotech H, BBH
-1.40% Malaysia Index, EWM
-2.08% Hardware & Electronics, PHW
-2.31% Networking, PXQ