by Robert W. Colby, Senior Analyst TraderPlanet.com

Stock Market: established sector trends continue.
Energy, Materials, and Utilities were strong,
while Financials were weak.

Energy Stock Sector Relative Strength Ratio rose to another new all-time high.

Materials Stock Sector Relative Strength Ratio rose to another new all-time high.

Utilities Stock Sector Relative Strength Ratio rose to a new 4-month high

Financial Stock Sector Relative Strength Ratio again fell to its lowest level in more than 7 years, continuing a major Bearish trend.

On Monday, major stock price indexes had their typical ups and downs and finished mixed. The S&P 500 closed at 1,361.76, up 1.08 points or 0.08%. The breadth of the market showed more declines than advances, however.

Total NYSE volume fell 8%, thereby indicating reluctance to play for a bounce after last Friday’s severe rout.

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 appears to be taking on a more Bearish tilt again this past week. The short-term general market action has been subject to rapid and frequent change, and 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

7.52% , AA , ALCOA
1.29% , UTH , Utilities H, UTH
3.06% , TBH , Telebras HOLDRS, TBH*
3.16% , CIT , CIT GROUP
4.14% , MCD , MCDONALDS
2.25% , WOR , WORTHINGTON INDS
1.02% , DBC , Commodity Tracking, DBC
0.30% , VIG , Dividend Appreciation Vipers, VIG
2.12% , CBE , COOPER INDS STK A
2.06% , RIMM , RESEARCH IN MOTION LTD
1.62% , EXPD , Expeditors International WA
1.99% , IGE , Natural Resource iS GS, IGE
0.12% , VDC , Consumer Staples VIPERs, VDC
1.76% , TUP , TUPPERWARE
1.33% , WMI , WASTE MANAGEMENT
2.30% , ETN , EATON
2.74% , AES , AES
3.34% , BNI , BURLINGTON NORTH
1.33% , SRCL , Stericycle, SRCL
1.36% , PNW , PINNACLE WEST
0.13% , PSQ , Short 100% QQQ, PSQ
0.28% , LTD , LIMITED BRANDS
0.29% , KR , KROGER
0.77% , LLTC , LINEAR TECH
0.15% , MVV , Ultra MidCap400 Double, MVV
0.37% , DOV , DOVER
1.15% , MCHP , Microchip Technology Incorporated
1.34% , TIF , TIFFANY
0.36% , XLP , Consumer Staples SPDR, XLP
0.24% , FITB , FIFTH THIRD BANC
0.96% , NKE , NIKE STK B
0.08% , IGV , Software, IGV
1.12% , A , AGILENT TECH
0.28% , PBI , PITNEY BOWES
0.36% , SWH , Software H, SWH
0.67% , XRX , XEROX
0.19% , DLTR , Dollar Tree Stores Inc
0.06% , IWR , MidCap Russell, IWR
0.08% , IWB , LargeCap 1000 R, IWB
0.08% , VTI , Blend Total Market VIPERs, VTI

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name

-8.70% , LEH , LEHMAN BROS HLDG
-7.31% , IR , INGER RAND
-1.11% , EWN , Netherlands Index, EWN
-5.01% , SNV , SYNOVUS
-1.70% , KCE , Capital Markets KWB ST, KCE
-6.44% , JPM , J P MORGAN CHASE
-0.91% , DGT , Global Titans, DGT
-0.84% , IWC , Microcap Russell, IWC
-17.00% , WM , WASHINGTON MUT
-5.88% , FRE , FREDDIE MAC
-10.21% , ABK , AMBAC FINL GRP
-1.53% , XBI , Biotech SPDR, XBI
-4.16% , LAMR , Lamar Advertising Company
-5.16% , SANM , SANMINA
-4.71% , HBAN , HUNTINGTON
-3.56% , BBT , BB&T
-7.18% , RF , REGIONS FINAN
-1.10% , VOX , Telecom Services VIPERs, VOX
-4.27% , ETFC.O , E*TRADE FINANCIAL
-1.12% , PZJ , SmallCap PS Zacks, PZJ
-2.17% , AAPL , APPLE COMPUTER
-1.24% , EWO , Austria Index, EWO
-5.55% , SSCC , Smurfit-Stone Container Corporation
-0.92% , JKK , Growth SmallCap iS M, JKK
-3.83% , Q , QWEST COMMUNICAT
-3.26% , MU , MICRON TECH
-0.94% , HOLX , Hologic, Inc., HOLX
-0.95% , MTK , Technology MS sT, MTK
-3.17% , PMCS , PMC SIERRA
-1.11% , JKL , Value SmallCap iS M, JKL
-5.38% , ZION , ZIONS
-0.57% , IGN , Networking, IGN
-2.22% , CC , CIRCUIT CITY STR
-1.55% , TTH , Telecom H, TTH
-2.41% , RRD , RR DONNELLEY SON
-6.16% , WB , WACHOVIA
-0.55% , JKJ , SmallCap Core iS M, JKJ
-3.30% , RTN , RAYTHEON
-4.03% , AIV , APT INV MNGMT
-3.14% , WY , WEYERHAEUSER

Sectors: among the 9 major U.S. sectors, 5 rose and 4 fell.
Major Sectors Ranked for the Day
% Price Change Sector

2.94% Energy SPDR, XLE
1.55% Utilities SPDR, XLU
1.52% Materials SPDR, XLB
1.03% Industrial SPDR, XLI
0.36% Consumer Staples SPDR, XLP
-0.06% Consumer Discretionary SPDR, XLY
-0.20% Technology SPDR, XLK
-0.54% Health Care SPDR, XLV
-1.37% Financial SPDR, XLF

Primary Tide Trends for the 9 major sectors last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):

Energy (XLE) Neutral, Market Weight. On 6/9/08, XLE/SPY Relative Strength Ratio rose to another new all-time high. 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. Energy underperformed since 5/21/08.

Materials (XLB) Neutral, Market Weight. On 6/9/08, 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 6/9/08. 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 5/6/07, the XLP/SPY Relative Strength Ratio has outperformed. In addition, since 6/19/07, the XLP/SPY Relative Strength Ratio has outperformed.

Technology (XLK) Neutral, Market Weight. On 6/6/08, the XLK/SPY Relative Strength Ratio rose to a new 5-month high, confirming an improving intermediate-term trend.

Industrial (XLI) Bearish, Underweight. On 6/6/08, both price and the XLI/SPY Relative Strength Ratio fell to their lowest levels in 7 weeks. Since 3/31/08, the XLI/SPY Relative Strength Ratio has underperformed.

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 6/9/08, 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 has turned neutral. Since 5/23/08, EFA has underperformed the U.S. stock market. Previously, EFA outperformed from 2/8/08 to 5/23/08 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 rose to a new 5-month closing price high on 6/5/08. It has been outperforming the S&P 500 since 3/3/08.

Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high on 6/6/08. 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 rose to a new 9-month high on 6/6/08. The major trend appears to be turning to Small Caps.

Crude Oil July futures contract retraced a moderate 3/8 fraction of Friday’s steep gain. Trends remain Bullish in all 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 eased lower after Friday’s new 5-day high. The very short-term trend still appears Bullish, although the intermediate-term trend appears no better than neutral.

U.S. Treasury Bond September futures contract price eased lower. Bonds seemed to be over Friday’s “flight to safety” rally.

The U.S. dollar retraced a fraction of Friday’s loss. But still, the short-term trend is down, and the long-term Primary Tide trend is still Bearish.

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 44.8% Bulls versus 31.1% Bears as of 6/4/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio rose to 1.44, up from 1.18 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 23.12. VIX fell from a peak of 32.64 on 3/17/08 to a low of 16.30 on 5/15/08, indicating decreasing Fear. 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 26.70. VXN fell from a peak of 35.63 on 1/22/08 to a low of 20.00 on 5/16/08, indicating decreasing Fear. 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 0.78, which indicates moderately Bearish 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 1.12, 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 both 6/5/08, the Transportation Average closed above its previous all-time closing high, while the Industrial Average languished far below its all-time closing high of 14,164.50 set on 10/9/07. Such a non-confirmation and divergence means that the companies that produce the goods are not keeping pace with the companies that deliver the goods, the market is out of balance, and there is no Dow Theory Signal. 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 (1,361.76):

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
1,406.32, high of 5/29/08

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 (1,361.76):

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:

2.94% Energy SPDR, XLE
2.63% Energy Exploration & Prod, PXE
2.56% Oil Services H, OIH
2.51% Metals & Mining SPDR, XME
2.33% Energy DJ, IYE
2.29% Energy VIPERs, VDE
2.12% Oil & Gas, PXJ
1.99% Natural Resource iS GS, IGE
1.75% Energy Global, IXC
1.73% Basic Materials DJ US, IYM
1.55% Utilities SPDR, XLU
1.52% Materials SPDR, XLB
1.38% Utilities, PUI
1.37% Utilities VIPERs, VPU
1.31% Utilities DJ, IDU
1.29% Utilities H, UTH
1.23% Transportation Av DJ, IYT
1.11% Ultra Dow30 Double, DDM
1.03% Industrial SPDR, XLI
1.02% Commodity Tracking, DBC
0.95% Materials VIPERs, VAW
0.72% Short 200% QQQ PS, QID
0.69% DIAMONDS (DJIA), DIA
0.62% Ultra S&P500 Double, SSO
0.61% Growth S&P 500/BARRA, IVW
0.56% China 25 iS, FXI
0.53% LargeCap Rydex Rus Top 50, XLG
0.52% Short 100% MidCap 400, MYY
0.48% LargeCap Blend Core iS M, JKD
0.46% Growth MidCap 400 B, IJK
0.42% Lg Cap Growth PSD, PWB
0.36% Consumer Staples SPDR, XLP
0.36% Software H, SWH
0.34% Germany Index, EWG
0.30% Dividend Appreciation Vipers, VIG
0.29% Growth VIPERs, VUG
0.29% Industrial LargeCap Blend DJ US, IYJ
0.27% Industrials VIPERs, VIS
0.26% Malaysia Index, EWM
0.24% S&P 500 SPDRs LargeCap Blend, SPY
0.23% Value LargeCap NYSE 100 iS, NY
0.23% United Kingdom Index, EWU
0.19% S&P 500 iS LargeCap Blend, IVV
0.17% Value Line Timeliness MidCap Gr, PIV
0.15% Ultra MidCap400 Double, MVV
0.15% Japan Index, EWJ
0.15% MidCap VIPERs, VO
0.14% LargeCap Blend S&P 100, OEF
0.13% Growth LargeCap iS M, JKE
0.13% Short 100% QQQ, PSQ
0.12% Consumer Staples VIPERs, VDC
0.11% Latin Am 40, ILF
0.11% LargeCap VIPERs, VV
0.08% Global 100, IOO
0.08% Blend Total Market VIPERs, VTI
0.08% LargeCap 1000 R, IWB
0.08% Software, IGV
0.07% Growth MidCap Russell, IWP
0.06% MidCap Russell, IWR
0.06% MidCap S&P 400 SPDRs, MDY
0.05% Value LargeCap Russell 3000, IWW
0.03% Value 1000 Russell, IWD
0.02% LargeCap Blend S&P=Weight R, RSP
0.02% LargeCap Blend S&P 1500 iS, ISI
0.01% Growth Mid Cap Dynamic PS, PWJ
0.00% Bond, 20+ Years Treasury, TLT
0.00% Value MidCap Dynamic PS, PWP
-0.02% Euro STOXX 50, FEZ
-0.03% Sweden Index, EWD
-0.04% LargeCap Blend Total Market DJ, IYY
-0.04% LargeCap Blend Russell 3000, IWV
-0.05% MidCap S&P 400 iS, IJH
-0.06% France Index, EWQ
-0.06% Growth BARRA Small Cap 600, IJT
-0.06% Consumer Discretionary SPDR, XLY
-0.07% Software, PSJ
-0.07% Value Large Cap DJ, ELV
-0.07% Value MidCap Russell, IWS
-0.07% Growth LargeCap Russell 3000, IWZ
-0.08% SmallCap S&P 600, IJR
-0.08% LargeCap Blend NYSE Composite iS, NYC
-0.09% Bond, Corp, LQD
-0.09% LargeCap Blend Socially Responsible iS, KLD
-0.10% Value VIPERs, VTV
-0.10% MidCap Growth iS M, JKH
-0.10% Food & Beverage, PBJ
-0.10% Europe 350 S&P Index, IEV
-0.12% Canada Index, EWC
-0.12% Mexico Index, EWW
-0.12% Japan LargeCap Blend TOPIX 150, ITF
-0.13% Brazil Index, EWZ
-0.14% Consumer Non-Cyclical, IYK
-0.14% EAFE Index, EFA
-0.15% Value LargeCap Dynamic PS, PWV
-0.15% Value EAFE MSCI, EFV
-0.15% Growth Large Cap, ELG
-0.16% Pharmaceutical H, PPH
-0.16% Wilshire 5000 ST TM, TMW
-0.17% European VIPERs, VGK
-0.19% Semiconductor H, SMH
-0.19% Growth 1000 Russell, IWF
-0.19% Value LargeCap Euro STOXX 50 DJ, FEU
-0.20% Ultra QQQ Double, QLD
-0.20% Technology SPDR, XLK
-0.20% MidCap Blend Core iS M, JKG
-0.21% Hong Kong Index, EWH
-0.22% Value LargeCap iS M, JKF
-0.23% Extended Mkt VIPERs, VXF
-0.25% Consumer Cyclical DJ, IYC
-0.26% Emerging Markets, EEM
-0.26% Technology Global, IXN
-0.28% Growth EAFE MSCI, EFG
-0.28% South Korea Index, EWY
-0.28% IPOs, First Tr IPOX-100, FPX
-0.30% Italy Index, EWI
-0.30% Asia 50 BLDRS, ADRA
-0.31% Retail H, RTH
-0.32% Emerging VIPERs, VWO
-0.32% Short 100% S&P 500, SH
-0.32% SmallCap Russell 2000, IWM
-0.34% Short 200% MidCap 400 PS, MZZ
-0.34% Technology DJ US, IYW
-0.34% Developed 100 BLDRS, ADRD
-0.34% Value 40 Large Low P/E FT DB, FDV
-0.35% Info Tech VIPERs, VGT
-0.35% Technology GS, IGM
-0.36% Value LargeCap Fundamental RAFI 1000, PRF
-0.36% Broadband H, BDH
-0.37% Biotech H, BBH
-0.38% Dividend Achievers PS, PFM
-0.39% Value SmallCap Russell 2000, IWN
-0.39% Pacific VIPERs, VPL
-0.40% Insurance, PIC
-0.40% EMU Europe Index, EZU
-0.41% Growth SmallCap R 2000, IWO
-0.41% Leisure & Entertainment, PEJ
-0.41% Healthcare Global, IXJ
-0.43% Value S&P 500 B, IVE
-0.44% Value MidCap iS M, JKI
-0.44% Building & Construction, PKB
-0.44% Aerospace & Defense, PPA
-0.45% Water Resources, PHO
-0.46% Emerging 50 BLDRS, ADRE
-0.46% Healthcare DJ, IYH
-0.47% Growth SmallCap VIPERs, VBK
-0.47% Growth Small Cap DJ, DSG
-0.48% LargeCap Blend Dynamic PS, PWC
-0.50% Taiwan Index, EWT
-0.51% Bond, Aggregate, AGG
-0.51% Bond, 1-3 Year Treasury, SHY
-0.51% Value MidCap S&P 400 B, IJJ
-0.51% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.52% Bond, TIPS, TIP
-0.53% Growth LargeCap NASDAQ 100, QQQQ
-0.54% Health Care SPDR, XLV
-0.55% SmallCap Core iS M, JKJ
-0.57% Networking, IGN
-0.57% Consumer D. VIPERs, VCR
-0.60% Growth SmallCap Dynamic PS, PWT
-0.64% Small Cap VIPERs, VB
-0.64% Semiconductor SPDR, XSD
-0.65% Pacific ex-Japan, EPP
-0.66% Health Care VIPERs, VHT
-0.67% Value SmallCap S&P 600 B, IJS
-0.68% Short 100% Dow 30, DOG
-0.71% Dividend Growth PS, PHJ
-0.72% Europe 100 BLDRS, ADRU
-0.72% Bond, 10 Year Treasury, IEF
-0.72% Dividend International, PID
-0.74% Short 200% S&P 500 PS, SDS
-0.77% Retail, PMR
-0.78% Growth MidCap S&P 400, RFG
-0.78% Value Small Cap DJ, DSV
-0.79% Internet H, HHH
-0.82% Internet Architecture H, IAH
-0.84% Microcap Russell, IWC
-0.86% Spain Index, EWP
-0.87% Semiconductors, PSI
-0.89% Value SmallCap VIPERS, VBR
-0.91% Biotechnology, IBB
-0.91% Global Titans, DGT
-0.92% Growth SmallCap iS M, JKK
-0.93% Switzerland Index, EWL
-0.95% Value SmallCap Dynamic PS, PWY
-0.95% Technology MS sT, MTK
-0.96% OTC Dynamic PS, PWO
-1.00% Growth S&P 500, RPG
-1.04% Dividend DJ Select, DVY
-1.07% Telecommunications Global, IXP
-1.10% Telecom Services VIPERs, VOX
-1.11% Value SmallCap iS M, JKL
-1.11% Netherlands Index, EWN
-1.12% SmallCap PS Zacks, PZJ
-1.13% China LargeCap Growth G D H USX PS, PGJ
-1.14% Australia Index, EWA
-1.14% Micro Cap Zachs, PZI
-1.16% Telecom DJ US, IYZ
-1.18% Dividend SPDR, SDY
-1.20% Gold Shares S.T., GLD
-1.22% Homebuilders SPDR, XHB
-1.24% Austria Index, EWO
-1.33% Short 200% Dow 30 PS, DXD
-1.35% South Africa Index, EZA
-1.36% Biotech & Genome, PBE
-1.37% Financial SPDR, XLF
-1.37% Singapore Index, EWS
-1.41% Financials Global LargeCap Value, IXG
-1.41% Telecommunications & Wireless, PTE
-1.44% Financials VIPERs, VFH
-1.45% Dividend Leaders, FDL
-1.47% Networking, PXQ
-1.47% Value MidCap S&P 400, RFV
-1.51% Pharmaceuticals, PJP
-1.53% Biotech SPDR, XBI
-1.55% Telecom H, TTH
-1.58% Nanotech Lux, PXN
-1.63% Belgium Index, EWK
-1.70% Hardware & Electronics, PHW
-1.70% Capital Markets KWB ST, KCE
-1.78% Value SmallCap S&P 600, RZV
-1.78% Value S&P 500, RPV
-1.88% Dividend High Yield Equity PS, PEY
-1.89% Financial DJ US, IYF
-1.96% WilderHill Clean Energy PS, PBW
-1.98% REIT VIPERs, VNQ
-2.07% Semiconductor iS GS, IGW
-2.08% REIT Wilshire, RWR
-2.10% Realty Cohen & Steers, ICF
-2.31% Real Estate US DJ, IYR
-2.47% Financial Services DJ, IYG
-2.62% Silver Trust iS, SLV
-2.78% Oil, Crude, U.S. Oil Fund, USO
-3.06% Internet Infrastructure H, IIH
-3.19% Bank Regional H, RKH
-3.39% Internet B2B H, BHH