by Robert W. Colby, Senior Analyst TraderPlanet.com
Stock Market: Prices recovered from gap-down opens, but volume fell again.
Falling volume indicates waning demand for stocks.
Industrial Stock Sector Relative Strength Ratio fell to its lowest level in 4 months.
Growth Stock/Value Stock Relative Strength Ratio rose to another new 3-year high.
Crude Oil made a new high intraday but it was rejected by the market…could be vulnerable for the short-term.
On Monday, major stock price indexes gapped lower on the open but quickly reversed and rallied to the plus side within the first hour. Prices probed the upside further after 1:00 p.m. but gave up most of the gain in the final hour. Stocks finished mixed to slightly higher. The high-low range was relatively narrow.
The S&P 500 closed at S&P 500 1,360.14, up 0.11 points or 0.01%. The breadth of the market showed 1.60 to 1 advances over declines on the NYSE. Still, there were more New Lows than New Highs, on both the NYSE and the NASDAQ.
Total NYSE volume fell 9%, indicating waning demand for stocks.
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
1.79% , PSJ , Software, PSJ
5.11% , HRB , H&R BLOCK
1.59% , EWD , Sweden Index, EWD
5.42% , RSH , RADIOSHACK
5.25% , TEVA , Teva Pharmaceutical Industries Limited
10.04% , HANS , Hansen Natural, HANS
6.93% , RFMD , RF Micro Devices Inc
3.96% , XMSR , XM Satellite R
1.69% , BHH , Internet B2B H, BHH
1.14% , IJS , Value SmallCap S&P 600 B, IJS
0.46% , EWU , United Kingdom Index, EWU
1.76% , RPV , Value S&P 500, RPV
3.15% , SIRI , Sirius Satellite
3.24% , LRCX , LAM RESEARCH CORP
4.71% , LSI , LSI LOGIC
0.86% , EWI , Italy Index, EWI
1.13% , JKK , Growth SmallCap iS M, JKK
6.03% , RIMM , RESEARCH IN MOTION LTD
2.71% , ROK , ROCKWELL AUTOMAT
0.97% , IGN , Networking, IGN
3.56% , SLM , SLM CORP
3.22% , HGSI , Human Genome Sciences Inc
1.59% , PWO , OTC Dynamic PS, PWO
3.22% , NCR , NCR
6.40% , MTG , MGIC INVESTMENT
3.10% , HOT , STARWOOD HOTELS
3.25% , PMTC.O , PARAMETRIC
1.64% , ROST , Ross Stores Inc
2.41% , WYNN , Wynn Resorts L
0.33% , TBH , Telebras HOLDRS, TBH*
1.17% , XBI , Biotech SPDR, XBI
0.99% , IXN , Technology Global, IXN
2.15% , AIV , APT INV MNGMT
1.81% , PMCS , PMC SIERRA
3.79% , SLV , Silver Trust iS, SLV
2.17% , KSU , Kansas City Southern, KSU
6.35% , ZION , ZIONS
1.06% , PKB , Building & Construction, PKB
1.28% , IAU , Gold COMEX iS, IAU
1.20% , RZV , Value SmallCap S&P 600, RZV
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-6.46% , TXT , TEXTRON
-6.42% , HSY , HERSHEY FOODS
-3.88% , BMS , BEMIS
-1.40% , TTH , Telecom H, TTH
-4.79% , PBG , PEPSI BOTTLING
-4.31% , SUN , SUNOCO
-3.98% , CCE , COCA COLA ENTER
-3.69% , PTV , PACTIV
-3.18% , NWL , NEWELL RUBBER
-2.08% , CCL , CARNIVAL STK A
-1.89% , PBJ , Food & Beverage, PBJ
-2.92% , VZ , VERIZON COMMS
-3.98% , OMX , OFFICEMAX INC., OMX
-0.62% , MYY , Short 100% MidCap 400, MYY
-1.23% , HSP , HOSPIRA
-1.52% , SHLD , SEARS HOLDINGS
-0.98% , K , KELLOGG
-1.54% , MNST , MONSTER WORLDWID
-1.90% , GIS , GENERAL MILLS
-1.13% , ACV , Alberto-Culver Co.
-1.01% , KMB , KIMBERLY CLARK
-0.35% , IYZ , Telecom DJ US, IYZ
-2.21% , RAI , RJR TOBACCO HLDS
-0.96% , EFX , EQUIFAX
-2.19% , XRX , XEROX
-0.80% , CR , CRANE
-1.15% , ACE , ACE
-1.46% , MRK , MERCK & CO
-0.76% , PSQ , Short 100% QQQ, PSQ
-0.98% , MON , MONSANTO
-2.22% , PEP , PEPSICO
-1.39% , T , AT&T Corp., T
-1.07% , XLP , Consumer Staples SPDR, XLP
-0.28% , BDH , Broadband H, BDH
-0.56% , VOX , Telecom Services VIPERs, VOX
-1.31% , DGX , QUEST DIAG
-2.10% , LUV , SOUTHWEST AIRLS
-1.29% , NTAP , NETWK APPLIANCE
-0.85% , EWA , Australia Index, EWA
-1.61% , VLO , VALERO ENERGY
Sectors: among the 9 major U.S. sectors, 5 rose and 4 fell.
Major Sectors Ranked for the Day
% Price Change Sector
0.94% Financial SPDR, XLF
0.36% Energy SPDR, XLE
0.32% Health Care SPDR, XLV
0.25% Technology SPDR, XLK
0.10% Utilities SPDR, XLU
-0.09% Materials SPDR, XLB
-0.32% Consumer Discretionary SPDR, XLY
-0.54% Industrial SPDR, XLI
-1.07% Consumer Staples SPDR, XLP
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 6/16/08, the XLI/SPY Relative Strength Ratio fell to its lowest level in 4 months. 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 6/13/08, 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 6/16/08. 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 made a new high intraday but reversed to close lower. The new high was rejected by the market. It was an Outside Day Reversal. Oil could be vulnerable for the short-term. 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 August futures contract price closed above previous 3-day highs. Gold has been in a choppy downside correction since 3/17/08. On 6/12/08, gold broke down below previous 6-week lows to confirm an intermediate-term downtrend.
U.S. Treasury Bond September futures contract price consolidated recent losses after falling below previous7-month lows last week. Trends in all time frames still appear vulnerable to further price decline.
The U.S. dollar reversed to close below Friday’s low. This looks like a minor setback for the Bulls. Last week, the dollar rose above previous 4-month highs, turning short- and intermediate-term trends Bullish. 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 20.95. 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 25.02. 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 0.81, 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 1.39, which indicates moderately 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 (1,360.14):
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 (1,360.14):
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:
3.79% Silver Trust iS, SLV
2.13% WilderHill Clean Energy PS, PBW
2.00% Semiconductor iS GS, IGW
2.00% Semiconductor SPDR, XSD
1.83% Malaysia Index, EWM
1.79% Software, PSJ
1.79% Semiconductors, PSI
1.76% Value S&P 500, RPV
1.73% Austria Index, EWO
1.69% Internet B2B H, BHH
1.65% Canada Index, EWC
1.59% Sweden Index, EWD
1.59% OTC Dynamic PS, PWO
1.58% Energy Exploration & Prod, PXE
1.56% Dividend High Yield Equity PS, PEY
1.53% Capital Markets KWB ST, KCE
1.53% Value Small Cap DJ, DSV
1.44% Networking, PXQ
1.44% Ultra QQQ Double, QLD
1.43% Real Estate US DJ, IYR
1.38% MidCap Growth iS M, JKH
1.37% Gold Shares S.T., GLD
1.36% Ultra MidCap400 Double, MVV
1.36% Financial Services DJ, IYG
1.36% REIT Wilshire, RWR
1.33% REIT VIPERs, VNQ
1.30% Internet Infrastructure H, IIH
1.30% Japan LargeCap Blend TOPIX 150, ITF
1.24% Growth Small Cap DJ, DSG
1.23% Growth MidCap S&P 400, RFG
1.21% Realty Cohen & Steers, ICF
1.20% Value SmallCap S&P 600, RZV
1.20% Internet H, HHH
1.18% Growth SmallCap R 2000, IWO
1.17% Biotech SPDR, XBI
1.15% Value SmallCap Dynamic PS, PWY
1.14% Value SmallCap S&P 600 B, IJS
1.13% Hardware & Electronics, PHW
1.13% Growth SmallCap iS M, JKK
1.11% Growth SmallCap Dynamic PS, PWT
1.10% Growth BARRA Small Cap 600, IJT
1.09% Financial DJ US, IYF
1.06% Building & Construction, PKB
1.04% Brazil Index, EWZ
1.03% Financials VIPERs, VFH
1.02% SmallCap S&P 600, IJR
0.99% Technology Global, IXN
0.98% Leisure & Entertainment, PEJ
0.97% Networking, IGN
0.96% IPOs, First Tr IPOX-100, FPX
0.95% Growth MidCap 400 B, IJK
0.95% Extended Mkt VIPERs, VXF
0.95% Micro Cap Zachs, PZI
0.94% Financial SPDR, XLF
0.93% Oil Services H, OIH
0.93% Value SmallCap Russell 2000, IWN
0.92% Japan Index, EWJ
0.92% Biotech & Genome, PBE
0.90% Dividend Leaders, FDL
0.89% Insurance, PIC
0.89% Growth LargeCap NASDAQ 100, QQQQ
0.87% Emerging VIPERs, VWO
0.86% Italy Index, EWI
0.86% Value Line Timeliness MidCap Gr, PIV
0.85% Bank Regional H, RKH
0.85% SmallCap PS Zacks, PZJ
0.84% Biotechnology, IBB
0.83% Info Tech VIPERs, VGT
0.82% China 25 iS, FXI
0.82% Growth LargeCap NASDAQ Fidelity, ONEQ
0.80% Asia 50 BLDRS, ADRA
0.79% Singapore Index, EWS
0.78% Growth Mid Cap Dynamic PS, PWJ
0.78% Technology MS sT, MTK
0.77% Europe 100 BLDRS, ADRU
0.77% Growth SmallCap VIPERs, VBK
0.77% MidCap VIPERs, VO
0.76% MidCap S&P 400 iS, IJH
0.75% Netherlands Index, EWN
0.73% Germany Index, EWG
0.72% Semiconductor H, SMH
0.71% Technology GS, IGM
0.70% Retail, PMR
0.70% Microcap Russell, IWC
0.69% Natural Resource iS GS, IGE
0.69% Dividend International, PID
0.68% Small Cap VIPERs, VB
0.67% Telecommunications & Wireless, PTE
0.67% Value MidCap S&P 400 B, IJJ
0.65% Value SmallCap iS M, JKL
0.63% Metals & Mining SPDR, XME
0.63% SmallCap Russell 2000, IWM
0.62% Water Resources, PHO
0.61% Growth EAFE MSCI, EFG
0.61% Dividend SPDR, SDY
0.60% China LargeCap Growth G D H USX PS, PGJ
0.60% France Index, EWQ
0.59% SmallCap Core iS M, JKJ
0.59% Value EAFE MSCI, EFV
0.58% Financials Global LargeCap Value, IXG
0.58% Value SmallCap VIPERS, VBR
0.55% Europe 350 S&P Index, IEV
0.55% Nanotech Lux, PXN
0.54% Software H, SWH
0.54% Software, IGV
0.54% MidCap Blend Core iS M, JKG
0.52% South Africa Index, EZA
0.51% EAFE Index, EFA
0.50% Growth MidCap Russell, IWP
0.50% European VIPERs, VGK
0.49% MidCap S&P 400 SPDRs, MDY
0.49% Energy Global, IXC
0.49% Pacific VIPERs, VPL
0.48% Value MidCap S&P 400, RFV
0.48% Energy VIPERs, VDE
0.48% Value LargeCap NYSE 100 iS, NY
0.47% Short 200% Dow 30 PS, DXD
0.46% Technology DJ US, IYW
0.46% United Kingdom Index, EWU
0.46% Emerging 50 BLDRS, ADRE
0.45% Belgium Index, EWK
0.44% Biotech H, BBH
0.44% EMU Europe Index, EZU
0.43% Value LargeCap Euro STOXX 50 DJ, FEU
0.41% MidCap Russell, IWR
0.41% Oil & Gas, PXJ
0.40% Energy DJ, IYE
0.39% Dividend DJ Select, DVY
0.38% LargeCap Blend Dynamic PS, PWC
0.37% Value MidCap Russell, IWS
0.36% Energy SPDR, XLE
0.36% Internet Architecture H, IAH
0.36% Bond, Corp, LQD
0.35% Growth S&P 500, RPG
0.35% Utilities, PUI
0.35% Value LargeCap iS M, JKF
0.35% Developed 100 BLDRS, ADRD
0.34% Emerging Markets, EEM
0.34% LargeCap Blend S&P 1500 iS, ISI
0.33% Growth LargeCap iS M, JKE
0.32% Health Care SPDR, XLV
0.29% Industrial LargeCap Blend DJ US, IYJ
0.29% LargeCap Blend NYSE Composite iS, NYC
0.29% Dividend Growth PS, PHJ
0.28% Switzerland Index, EWL
0.28% LargeCap Blend Socially Responsible iS, KLD
0.26% Dividend Achievers PS, PFM
0.26% LargeCap VIPERs, VV
0.25% Bond, TIPS, TIP
0.25% Growth Large Cap, ELG
0.25% Technology SPDR, XLK
0.24% Growth 1000 Russell, IWF
0.23% Consumer Cyclical DJ, IYC
0.23% Growth LargeCap Russell 3000, IWZ
0.22% Growth VIPERs, VUG
0.22% Hong Kong Index, EWH
0.20% Value MidCap iS M, JKI
0.18% Basic Materials DJ US, IYM
0.17% Latin Am 40, ILF
0.17% Blend Total Market VIPERs, VTI
0.16% LargeCap Blend Russell 3000, IWV
0.16% LargeCap Blend Total Market DJ, IYY
0.16% Ultra S&P500 Double, SSO
0.16% LargeCap Blend S&P=Weight R, RSP
0.15% Materials VIPERs, VAW
0.14% Short 100% Dow 30, DOG
0.14% Value LargeCap Russell 3000, IWW
0.13% Value VIPERs, VTV
0.12% Consumer D. VIPERs, VCR
0.11% Retail H, RTH
0.11% Bond, Aggregate, AGG
0.11% South Korea Index, EWY
0.11% LargeCap 1000 R, IWB
0.10% Utilities SPDR, XLU
0.09% Transportation Av DJ, IYT
0.08% Value LargeCap Fundamental RAFI 1000, PRF
0.07% Lg Cap Growth PSD, PWB
0.06% Bond, 1-3 Year Treasury, SHY
0.06% Utilities H, UTH
0.06% S&P 500 SPDRs LargeCap Blend, SPY
0.06% Industrials VIPERs, VIS
0.04% LargeCap Blend Core iS M, JKD
0.04% Utilities DJ, IDU
0.03% Short 100% S&P 500, SH
0.03% Value 1000 Russell, IWD
0.02% Bond, 20+ Years Treasury, TLT
0.01% Value S&P 500 B, IVE
0.01% Bond, 10 Year Treasury, IEF
0.00% Utilities VIPERs, VPU
0.00% Value MidCap Dynamic PS, PWP
-0.01% Global 100, IOO
-0.01% Growth S&P 500/BARRA, IVW
-0.02% S&P 500 iS LargeCap Blend, IVV
-0.06% Wilshire 5000 ST TM, TMW
-0.07% Taiwan Index, EWT
-0.07% Value Large Cap DJ, ELV
-0.07% LargeCap Rydex Rus Top 50, XLG
-0.07% Euro STOXX 50, FEZ
-0.09% Materials SPDR, XLB
-0.09% Commodity Tracking, DBC
-0.13% Healthcare Global, IXJ
-0.15% Mexico Index, EWW
-0.16% Value 40 Large Low P/E FT DB, FDV
-0.18% Pharmaceuticals, PJP
-0.19% Dividend Appreciation Vipers, VIG
-0.19% Oil, Crude, U.S. Oil Fund, USO
-0.21% Value LargeCap Dynamic PS, PWV
-0.22% Healthcare DJ, IYH
-0.22% LargeCap Blend S&P 100, OEF
-0.24% Pacific ex-Japan, EPP
-0.27% Short 200% S&P 500 PS, SDS
-0.28% Broadband H, BDH
-0.28% Health Care VIPERs, VHT
-0.32% Consumer Discretionary SPDR, XLY
-0.32% Spain Index, EWP
-0.35% Telecom DJ US, IYZ
-0.36% DIAMONDS (DJIA), DIA
-0.38% Homebuilders SPDR, XHB
-0.45% Aerospace & Defense, PPA
-0.46% Telecommunications Global, IXP
-0.54% Industrial SPDR, XLI
-0.56% Telecom Services VIPERs, VOX
-0.62% Short 100% MidCap 400, MYY
-0.64% Global Titans, DGT
-0.71% Consumer Staples VIPERs, VDC
-0.76% Short 100% QQQ, PSQ
-0.78% Ultra Dow30 Double, DDM
-0.81% Pharmaceutical H, PPH
-0.85% Australia Index, EWA
-0.91% Consumer Non-Cyclical, IYK
-1.07% Consumer Staples SPDR, XLP
-1.13% Short 200% MidCap 400 PS, MZZ
-1.40% Telecom H, TTH
-1.53% Short 200% QQQ PS, QID
-1.89% Food & Beverage, PBJ
