Daily Stock Market Commentary – 6/13/2008

Stock Market: Oversold rally fizzled.
Bonds broke down.

SPY MACD and Histogram continued to decline further into negative territory.

Consumer Staples Stock Sector Relative Strength Ratio rose to another new 8-week high.

Health Care Stock Sector price tested its March 2008 low—seems unlikely to hold.

Foreign stock index EFA Relative Strength Ratio broke down to another new 11-week low, confirming a significant downside correction.

U.S. Treasury Bond September futures contract price broke down below previous7-month lows to confirm a major downtrend.

Crude Oil recovered from early morning profit taking to close higher—demonstrating Bullish resilience.

CRB commodity price index rose to another new all-time price high.

Gold broke down below previous 6-week lows to confirm an intermediate-term downtrend.

On Thursday, major stock price indexes gapped higher on the open and rallied significantly to a peak at 10:30 a.m. Prices stabilized in a choppy trading range for a couple of hours before beginning a steady slide after 12:40 p.m. that erased all the early gains and a bit more. Stocks turned up mildly in the final 30 minutes to finished with modest gains, but the fizzled oversold rally must have been a disappointment for the battered but ever-hopeful Bulls.

The S&P 500 closed at 1,339.87, up 4.38 points or 0.33%. The breadth of the market showed a few more advances than declines. Still, there were more than 4 times more New Lows than New Highs, on both the NYSE and the NASDAQ.

Total NYSE volume fell 2%, reinforcing the indecisive nature of the day’s trading.

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 since the rally top on 5/19/08. The short-term general market action has been subject to rapid and frequent change, 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
3.11% , BDH , Broadband H, BDH
5.30% , ABI , Applera Corp-Applied Biosystems Group (ABI)
20.51% , NCC , NATIONAL CITY
9.90% , CMI , CUMMINS
5.23% , BUD , ANHEUSER BUSCH
9.48% , MBI , MBIA
7.40% , SLM , SLM CORP
5.77% , QCOM , QUALCOMM
4.26% , FISV , FISERV
5.53% , AW , ALLIED WASTE IND
3.86% , WAT , WATERS
4.13% , MSFT , MICROSOFT
4.55% , JBL , JABIL CIRCUIT
5.35% , TROW , T ROWE PRICE GP
2.94% , CC , CIRCUIT CITY STR
1.26% , IGN , Networking, IGN
0.44% , VDC , Consumer Staples VIPERs, VDC
2.38% , TAP , ADOLPH COORS STK B, TAP
3.01% , JCI , JOHNSON CONTROLS
1.11% , EWM , Malaysia Index, EWM
2.05% , ACS , AFFILIATED COMPUTER
2.51% , HON , HONEYWELL INTL
0.38% , IWB , LargeCap 1000 R, IWB
3.54% , BIG , BIG LOTS
3.42% , TJX , TJX
5.12% , BEN , FRANKLIN RSC
3.31% , ETN , EATON
3.26% , MET , METLIFE
5.39% , ODP , OFFICE DEPOT
2.57% , LNCR , Lincare Holdings Inc
2.89% , MAR , MARRIOTT INTL STK A
0.27% , IYY , LargeCap Blend Total Market DJ, IYY
1.96% , NTAP , NETWK APPLIANCE
2.10% , FPL , FPL GROUP INC
0.40% , KLD , LargeCap Blend Socially Responsible iS, KLD
4.35% , JNS , JANUS CAPITAL
1.73% , DGX , QUEST DIAG
0.50% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
7.36% , THC , TENET HEALTHCARE
2.28% , TXT , TEXTRON

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-10.66% , IVGN , Invitrogen Corporation
-23.74% , KEY , KEYCORP
-16.36% , PWER , POWER ONE
-10.06% , YHOO , YAHOO
-10.09% , ADM , ARCHER DANIELS
-3.45% , BHH , Internet B2B H, BHH
-6.54% , CTL , CENTURYTEL
-0.36% , FPX , IPOs, First Tr IPOX-100, FPX
-0.42% , ADRU , Europe 100 BLDRS, ADRU
-2.96% , HANS , Hansen Natural, HANS
-4.38% , S , SPRINT NEXTEL
-3.94% , OXY , OCCIDENTAL
-0.25% , TTH , Telecom H, TTH
-4.42% , LEH , LEHMAN BROS HLDG
-1.71% , EWT , Taiwan Index, EWT
-3.50% , NOV , NATIONAL OILWELL VARC0
-1.64% , IXC , Energy Global, IXC
-4.18% , AAPL , APPLE COMPUTER
-0.27% , RFG , Growth MidCap S&P 400, RFG
-0.94% , PZJ , SmallCap PS Zacks, PZJ
-0.69% , EWY , South Korea Index, EWY
-0.31% , PWJ , Growth Mid Cap Dynamic PS, PWJ
-1.02% , HSIC , Henry Schein Inc
-2.61% , GE , GENERAL ELECTRIC
-4.05% , HBAN , HUNTINGTON
-0.87% , IEF , Bond, 10 Year Treasury, IEF
-1.21% , AEE , AMEREN
-2.94% , UNH , UNITEDHEALTH GRP
-2.23% , GM , GENERAL MOTORS
-1.00% , TLT , Bond, 20+ Years Treasury, TLT
-0.42% , DGT , Global Titans, DGT
-2.45% , SLB , SCHLUMBERGER
-1.58% , PCAR , PACCAR
-0.72% , NY , Value LargeCap NYSE 100 iS, NY
-1.37% , CSC , COMPUTER SCIENCE
-0.67% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-3.22% , IGT , INTL GAME TECH
-2.04% , WLP , WELLPOINT HEALTH
-1.55% , IAU , Gold COMEX iS, IAU
-0.71% , VRSN , VeriSign Inc

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

2.72% Financial SPDR, XLF
1.13% Technology SPDR, XLK
0.81% Consumer Discretionary SPDR, XLY
0.68% Consumer Staples SPDR, XLP
0.36% Industrial SPDR, XLI
-0.05% Materials SPDR, XLB
-0.41% Utilities SPDR, XLU
-0.85% Health Care SPDR, XLV
-1.52% Energy SPDR, XLE

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 6/10/08, 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 6/10/08. 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. On 6/10/08, XLP /SPY Relative Strength Ratio rose to another new 8-week high. For nearly 8 years, since 9/27/00, the XLP/SPY Relative Strength Ratio has outperformed, so the long-term trend is up.

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.

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.

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.

Financial (XLF) Bearish, Underweight. On 6/10/08, 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 index EFA Relative Strength Ratio broke down to another new 11-week low on 6/12/08, confirming a significant downside correction. 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 recovered from early morning profit taking to close higher—demonstrating Bullish resilience. Trends are still Bullish in all time frames, strictly speaking. 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 August futures contract price broke down below previous 6-week lows to confirm an intermediate-term downtrend.

U.S. Treasury Bond September futures contract price broke down below previous7-month lows to confirm a major downtrend. Trends in all time frames still appear vulnerable to further price decline.

The U.S. dollar probed resistance near past 3-month highs. The short-term trend still appears uncertain. 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 43.0% Bulls versus 32.6% Bears as of 6/11/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 1.32, down from 1.44 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 23.33. 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 27.40. 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 1.14, 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 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 Buy Signal because the Dow Theory requires both Averages to make new highs. 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 (1,339.87):

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 5/19/2008
1,406.32, high of 5/29/2008

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 (1,339.87):

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:

3.11% Broadband H, BDH
2.72% Financial SPDR, XLF
2.46% China 25 iS, FXI
1.99% Capital Markets KWB ST, KCE
1.81% Financials VIPERs, VFH
1.58% Financial Services DJ, IYG
1.57% Financial DJ US, IYF
1.48% Financials Global LargeCap Value, IXG
1.38% Mexico Index, EWW
1.36% Latin Am 40, ILF
1.31% Bank Regional H, RKH
1.26% Networking, IGN
1.17% China LargeCap Growth G D H USX PS, PGJ
1.13% Homebuilders SPDR, XHB
1.13% Technology SPDR, XLK
1.13% Retail, PMR
1.11% Malaysia Index, EWM
1.10% Realty Cohen & Steers, ICF
1.05% Transportation Av DJ, IYT
1.03% REIT VIPERs, VNQ
0.97% Value S&P 500, RPV
0.96% Spain Index, EWP
0.93% Value SmallCap iS M, JKL
0.92% Retail H, RTH
0.91% Brazil Index, EWZ
0.91% Ultra Dow30 Double, DDM
0.87% REIT Wilshire, RWR
0.85% Info Tech VIPERs, VGT
0.84% Emerging 50 BLDRS, ADRE
0.81% Consumer Discretionary SPDR, XLY
0.76% Technology Global, IXN
0.74% Ultra S&P500 Double, SSO
0.72% Consumer D. VIPERs, VCR
0.72% Austria Index, EWO
0.69% Biotech & Genome, PBE
0.68% Consumer Staples SPDR, XLP
0.68% Software, IGV
0.67% Value MidCap Russell, IWS
0.67% Technology DJ US, IYW
0.66% Aerospace & Defense, PPA
0.63% Emerging VIPERs, VWO
0.63% Singapore Index, EWS
0.62% Technology GS, IGM
0.62% Consumer Cyclical DJ, IYC
0.61% Real Estate US DJ, IYR
0.61% Software, PSJ
0.61% Software H, SWH
0.59% Value LargeCap Dynamic PS, PWV
0.58% Emerging Markets, EEM
0.56% Networking, PXQ
0.56% Value LargeCap Fundamental RAFI 1000, PRF
0.54% Growth LargeCap Russell 3000, IWZ
0.53% Growth SmallCap VIPERs, VBK
0.52% Dividend Leaders, FDL
0.50% Growth LargeCap NASDAQ Fidelity, ONEQ
0.49% Value S&P 500 B, IVE
0.49% Microcap Russell, IWC
0.49% S&P 500 iS LargeCap Blend, IVV
0.48% Wilshire 5000 ST TM, TMW
0.48% DIAMONDS (DJIA), DIA
0.48% SmallCap Core iS M, JKJ
0.47% Semiconductors, PSI
0.46% Water Resources, PHO
0.46% LargeCap Blend S&P=Weight R, RSP
0.45% Belgium Index, EWK
0.45% Growth LargeCap iS M, JKE
0.44% Hong Kong Index, EWH
0.44% Value VIPERs, VTV
0.44% Insurance, PIC
0.44% Consumer Staples VIPERs, VDC
0.43% Netherlands Index, EWN
0.42% Consumer Non-Cyclical, IYK
0.42% Nanotech Lux, PXN
0.41% Semiconductor iS GS, IGW
0.41% Dividend High Yield Equity PS, PEY
0.40% LargeCap Blend Socially Responsible iS, KLD
0.40% Value LargeCap iS M, JKF
0.40% Dividend Appreciation Vipers, VIG
0.39% Value SmallCap Dynamic PS, PWY
0.39% Growth SmallCap iS M, JKK
0.39% Asia 50 BLDRS, ADRA
0.38% Internet Architecture H, IAH
0.38% S&P 500 SPDRs LargeCap Blend, SPY
0.38% LargeCap 1000 R, IWB
0.38% Growth SmallCap Dynamic PS, PWT
0.38% LargeCap Rydex Rus Top 50, XLG
0.37% Dividend Achievers PS, PFM
0.37% Biotech SPDR, XBI
0.36% Health Care VIPERs, VHT
0.36% Industrial SPDR, XLI
0.36% Value SmallCap Russell 2000, IWN
0.34% MidCap Blend Core iS M, JKG
0.33% Growth SmallCap R 2000, IWO
0.33% Value SmallCap VIPERS, VBR
0.32% Telecom DJ US, IYZ
0.30% MidCap VIPERs, VO
0.30% Blend Total Market VIPERs, VTI
0.29% Small Cap VIPERs, VB
0.28% LargeCap Blend S&P 100, OEF
0.27% Healthcare DJ, IYH
0.27% Value SmallCap S&P 600 B, IJS
0.27% LargeCap Blend Total Market DJ, IYY
0.26% Industrial LargeCap Blend DJ US, IYJ
0.26% Growth 1000 Russell, IWF
0.26% LargeCap VIPERs, VV
0.25% Oil, Crude, U.S. Oil Fund, USO
0.25% Growth VIPERs, VUG
0.25% MidCap S&P 400 SPDRs, MDY
0.24% LargeCap Blend Russell 3000, IWV
0.23% Value SmallCap S&P 600, RZV
0.23% Growth Large Cap, ELG
0.22% LargeCap Blend S&P 1500 iS, ISI
0.21% SmallCap Russell 2000, IWM
0.21% Biotech H, BBH
0.20% Value LargeCap Russell 3000, IWW
0.20% Value MidCap S&P 400, RFV
0.19% Ultra QQQ Double, QLD
0.18% Value MidCap Dynamic PS, PWP
0.17% Healthcare Global, IXJ
0.17% Lg Cap Growth PSD, PWB
0.17% LargeCap Blend NYSE Composite iS, NYC
0.16% Semiconductor H, SMH
0.16% Dividend Growth PS, PHJ
0.14% SmallCap S&P 600, IJR
0.14% Growth S&P 500/BARRA, IVW
0.11% LargeCap Blend Dynamic PS, PWC
0.09% Technology MS sT, MTK
0.08% Growth LargeCap NASDAQ 100, QQQQ
0.08% Growth BARRA Small Cap 600, IJT
0.07% Micro Cap Zachs, PZI
0.07% LargeCap Blend Core iS M, JKD
0.06% Food & Beverage, PBJ
0.06% Pharmaceuticals, PJP
0.06% Industrials VIPERs, VIS
0.05% Biotechnology, IBB
0.05% United Kingdom Index, EWU
0.03% Telecommunications Global, IXP
0.03% Pharmaceutical H, PPH
0.02% Semiconductor SPDR, XSD
0.02% Growth Small Cap DJ, DSG
0.02% Value 40 Large Low P/E FT DB, FDV
0.00% Global 100, IOO
-0.01% MidCap S&P 400 iS, IJH
-0.02% Short 100% MidCap 400, MYY
-0.02% Commodity Tracking, DBC
-0.03% Sweden Index, EWD
-0.04% Short 200% MidCap 400 PS, MZZ
-0.05% Materials SPDR, XLB
-0.06% Extended Mkt VIPERs, VXF
-0.06% OTC Dynamic PS, PWO
-0.07% Value 1000 Russell, IWD
-0.08% Growth MidCap Russell, IWP
-0.09% Europe 350 S&P Index, IEV
-0.09% EMU Europe Index, EZU
-0.10% Short 200% QQQ PS, QID
-0.11% Value EAFE MSCI, EFV
-0.11% Building & Construction, PKB
-0.12% Short 100% S&P 500, SH
-0.12% Value MidCap iS M, JKI
-0.13% Value MidCap S&P 400 B, IJJ
-0.13% Euro STOXX 50, FEZ
-0.13% Value Small Cap DJ, DSV
-0.13% Dividend DJ Select, DVY
-0.14% Leisure & Entertainment, PEJ
-0.15% Ultra MidCap400 Double, MVV
-0.15% MidCap Growth iS M, JKH
-0.18% Developed 100 BLDRS, ADRD
-0.19% MidCap Russell, IWR
-0.19% European VIPERs, VGK
-0.20% Materials VIPERs, VAW
-0.21% Utilities VIPERs, VPU
-0.23% Japan Index, EWJ
-0.23% Value Line Timeliness MidCap Gr, PIV
-0.24% Value LargeCap Euro STOXX 50 DJ, FEU
-0.24% Dividend International, PID
-0.25% Telecom H, TTH
-0.26% Germany Index, EWG
-0.26% Telecom Services VIPERs, VOX
-0.26% Growth MidCap 400 B, IJK
-0.27% Growth MidCap S&P 400, RFG
-0.27% Utilities DJ, IDU
-0.28% Utilities H, UTH
-0.28% Switzerland Index, EWL
-0.31% Growth Mid Cap Dynamic PS, PWJ
-0.33% Growth EAFE MSCI, EFG
-0.34% Value Large Cap DJ, ELV
-0.35% EAFE Index, EFA
-0.36% IPOs, First Tr IPOX-100, FPX
-0.38% Short 100% QQQ, PSQ
-0.41% Utilities SPDR, XLU
-0.42% Global Titans, DGT
-0.42% Europe 100 BLDRS, ADRU
-0.46% Utilities, PUI
-0.47% Short 100% Dow 30, DOG
-0.49% Bond, 1-3 Year Treasury, SHY
-0.51% South Africa Index, EZA
-0.52% Telecommunications & Wireless, PTE
-0.56% Basic Materials DJ US, IYM
-0.57% Hardware & Electronics, PHW
-0.58% Pacific VIPERs, VPL
-0.62% Bond, Aggregate, AGG
-0.67% Japan LargeCap Blend TOPIX 150, ITF
-0.69% South Korea Index, EWY
-0.69% Dividend SPDR, SDY
-0.72% Value LargeCap NYSE 100 iS, NY
-0.83% France Index, EWQ
-0.85% Health Care SPDR, XLV
-0.85% Bond, Corp, LQD
-0.87% Short 200% Dow 30 PS, DXD
-0.87% Bond, 10 Year Treasury, IEF
-0.89% Pacific ex-Japan, EPP
-0.94% Bond, TIPS, TIP
-0.94% SmallCap PS Zacks, PZJ
-0.94% Short 200% S&P 500 PS, SDS
-0.99% Italy Index, EWI
-1.00% Bond, 20+ Years Treasury, TLT
-1.13% WilderHill Clean Energy PS, PBW
-1.33% Growth S&P 500, RPG
-1.46% Canada Index, EWC
-1.52% Energy SPDR, XLE
-1.57% Metals & Mining SPDR, XME
-1.59% Australia Index, EWA
-1.63% Gold Shares S.T., GLD
-1.64% Energy Global, IXC
-1.67% Energy DJ, IYE
-1.71% Taiwan Index, EWT
-1.71% Oil & Gas, PXJ
-1.79% Natural Resource iS GS, IGE
-1.80% Energy VIPERs, VDE
-1.93% Oil Services H, OIH
-1.95% Internet Infrastructure H, IIH
-2.10% Silver Trust iS, SLV
-2.33% Energy Exploration & Prod, PXE
-2.38% Internet H, HHH
-3.45% Internet B2B H, BHH