by Robert W. Colby, Senior Analyst TraderPlanet.com
Stock Market: Bearish Key Reversal Day was confirmed by higher volume.
The Small Cap/Large Cap Relative Strength Ratio rose to a new 11-month high.
Energy Stock Sector Relative Strength Ratio rose to another new all-time high, again confirming a major uptrend.
Materials Stock Sector Relative Strength Ratio rose to another new all-time high, again confirming a major uptrend.
The U.S. dollar broke below the lows of the previous 2 trading days, suggesting the possibility that last week’s 4-month new high might have been a false breakout.
On Tuesday, major stock price indexes gapped higher on the open, above the highs of the previous four trading days, but quickly reversed to the downside. Prices spent most of the day declining, broke below Monday’s low, and closed near their lowest levels of the day.
Total NYSE volume rose 3%, confirming the Bearish price reversal.
The S&P 500 closed at 1,350.93, down 9.21, or 0.68%. The breadth of the market showed 1.40 to 1 declines over advances on the NYSE. Again, there were more New Lows than New Highs, on both the NYSE and the NASDAQ. MACD, a price momentum indicator, fell to a new 3-month 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 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
4.83% , WYE , WYETH
7.07% , WOR , WORTHINGTON INDS
3.05% , PXE , Energy Exploration & Prod, PXE
0.48% , RFV , Value MidCap S&P 400, RFV
1.56% , IXC , Energy Global, IXC
4.86% , ATVI , Activision Inc.
0.40% , RFG , Growth MidCap S&P 400, RFG
0.74% , EPP , Pacific ex-Japan, EPP
3.33% , BHH , Internet B2B H, BHH
1.79% , TBH , Telebras HOLDRS, TBH*
1.71% , DISCA , Discovery Holding Co.
3.07% , MRO , MARATHON OIL
4.98% , MON , MONSANTO
1.79% , ILF , Latin Am 40, ILF
3.89% , KG , KING PHARM
2.10% , OIH , Oil Services H, OIH
1.21% , EK , EASTMAN KODAK
0.36% , DGT , Global Titans, DGT
1.39% , EWC , Canada Index, EWC
2.76% , RDC , ROWAN COMPANIES
3.24% , HAL , HALLIBURTON
1.18% , PBW , WilderHill Clean Energy PS, PBW
1.37% , RIG , TRANSOCEAN
2.72% , PHM , PULTE HOMES
0.32% , MVV , Ultra MidCap400 Double, MVV
1.25% , RTN , RAYTHEON
3.32% , NE , NOBLE
1.93% , DYN , DYNEGY
0.55% , VAW , Materials VIPERs, VAW
1.55% , AMZN , Amazoncom Inc
0.80% , EWY , South Korea Index, EWY
2.79% , APA , APACHE
2.58% , SLB , SCHLUMBERGER
1.25% , PMTC.O , PARAMETRIC
0.88% , PEG , PUBL SVC ENTER
1.35% , R , RYDER SYSTEM
1.48% , LXK , LEXMARK INTL STK A
1.19% , TNB , THOMAS & BETTS
3.70% , DVN , DEVON ENERGY
0.70% , IYM , Basic Materials DJ US, IYM
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-1.48% , PEJ , Leisure & Entertainment, PEJ
-5.60% , CTXS , CITRIX SYSTEMS
-8.84% , STI , SUNTRUST BANKS
-8.55% , HBAN , HUNTINGTON
-10.20% , ZION , ZIONS
-5.27% , BBY , BEST BUY
-5.49% , CINF , CINCINNATI FIN
-4.43% , CIEN.O , CIENA
-7.85% , WM , WASHINGTON MUT
-2.76% , KR , KROGER
-5.21% , MI , MARSHAL & ILSLEY
-3.32% , HUM , HUMANA
-5.91% , NCC , NATIONAL CITY
-2.60% , ROH , ROHM & HAAS
-1.43% , MOT , MOTOROLA
-3.50% , GR , GOODRICH CORP
-0.51% , IWV , LargeCap Blend Russell 3000, IWV
-0.54% , JKG , MidCap Blend Core iS M, JKG
-1.84% , PEY , Dividend High YieldEquity PS, PEY
-0.67% , DSV , Value Small Cap DJ, DSV
-0.33% , IXP , Telecommunications Global, IXP
-1.19% , VCR , Consumer D. VIPERs, VCR
-1.54% , RPV , Value S&P 500, RPV
-2.15% , VMC , VULCAN MATERIALS
-3.63% , COL , ROCKWELL COLLINS
-5.19% , CAR , Avis Budget Group, Inc. (CAR)
-6.94% , SNV , SYNOVUS
-1.44% , EWM , Malaysia Index, EWM
-3.34% , RKH , Bank Regional H, RKH
-3.07% , MAT , MATTEL
-2.70% , TLAB , TELLABS
-1.14% , PWY , Value SmallCap Dynamic PS, PWY
-0.83% , VBR , Value SmallCap VIPERS, VBR
-1.96% , MV , METAVANTE TECHNOLOGIES, MV
-0.85% , PPA , Aerospace & Defense, PPA
-4.02% , MS , MORGAN STANLEY
-1.85% , CTX , CENTEX
-1.99% , BDK , BLACK & DECKER
-0.79% , NY , Value LargeCap NYSE 100 iS, NY
-1.88% , KCE ,Capital marketsKWB ST, KCE
Sectors: among the 9 major U.S. sectors, 3 rose and 6 fell.
Major Sectors Ranked for the Day
% Price Change Sector
1.66% Energy SPDR, XLE
0.56% Utilities SPDR, XLU
0.54% Materials SPDR, XLB
-0.22% Industrial SPDR, XLI
-0.26% Health Care SPDR, XLV
-0.32% Consumer Staples SPDR, XLP
-0.41% Technology SPDR, XLK
-1.01% Consumer Discretionary SPDR, XLY
-2.92%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 6/17/08, 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 6/17/08, 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.
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 6/10/08, 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 11-month high on 6/17/08. The major trend appears to be turning to Small Caps.
Crude Oil July futures contract eased slightly lower. On Monday, a 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 stalled out. 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 priceconsolidated 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 broke below the lows of the previous 2 trading days. Last week, the dollar rose above previous 4-month highs, but lack of upside follow-through raises the possibility of a false breakout. 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 21.13. 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 24.70. 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 0.75, 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 1.10, 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 (1,350.93):
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 (1,350.93):
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:
3.33% Internet B2B H, BHH
3.05% Energy Exploration & Prod, PXE
2.44% Brazil Index, EWZ
2.10% Oil Services H, OIH
1.99% Oil & Gas, PXJ
1.94% Energy VIPERs, VDE
1.84% Energy DJ, IYE
1.83% Natural Resource iS GS, IGE
1.79% Latin Am 40, ILF
1.75% Australia Index, EWA
1.66% Energy SPDR, XLE
1.58% Short 200% Dow 30 PS, DXD
1.56% Energy Global, IXC
1.39% Canada Index, EWC
1.18% WilderHill Clean Energy PS, PBW
1.01% Commodity Tracking, DBC
0.97% Emerging 50 BLDRS, ADRE
0.81% Short 100% Dow 30, DOG
0.80% South Korea Index, EWY
0.77% Short 200% S&P 500 PS, SDS
0.74% Pacific ex-Japan, EPP
0.73% Pacific VIPERs, VPL
0.70% Basic Materials DJ US, IYM
0.69% United Kingdom Index, EWU
0.69% Japan Index, EWJ
0.67% Austria Index, EWO
0.63% Germany Index, EWG
0.62% Japan LargeCap Blend TOPIX 150, ITF
0.60% Short 100% S&P 500, SH
0.56% Utilities SPDR, XLU
0.56% Developed 100 BLDRS, ADRD
0.55% Materials VIPERs, VAW
0.54% Materials SPDR, XLB
0.52% Europe 100 BLDRS, ADRU
0.51% Short 200% QQQ PS, QID
0.49% Value EAFE MSCI, EFV
0.48% Value MidCap S&P 400, RFV
0.46% SmallCap PS Zacks, PZJ
0.46% Asia 50 BLDRS, ADRA
0.45% Short 100% QQQ, PSQ
0.45% Growth EAFE MSCI, EFG
0.43% Growth MidCap 400 B, IJK
0.42% Emerging Markets, EEM
0.41% Utilities VIPERs, VPU
0.40% Growth MidCap S&P 400, RFG
0.40% Value Line Timeliness MidCap Gr, PIV
0.39% Value LargeCap Euro STOXX 50 DJ, FEU
0.36% Global Titans, DGT
0.34% Bond, Aggregate, AGG
0.34% Bond, 10 Year Treasury, IEF
0.33% Metals & Mining SPDR, XME
0.33% MidCap S&P 400 SPDRs, MDY
0.33% Bond, Corp, LQD
0.32% Ultra MidCap400 Double, MVV
0.31% Utilities DJ, IDU
0.30% EAFE Index, EFA
0.29% Value 40 Large Low P/E FT DB, FDV
0.29% Bond, TIPS, TIP
0.28% Growth SmallCap iS M, JKK
0.28% Gold Shares S.T., GLD
0.26% European VIPERs, VGK
0.25% Euro STOXX 50, FEZ
0.24% Italy Index, EWI
0.22% Belgium Index, EWK
0.21% Utilities, PUI
0.20% Nanotech Lux, PXN
0.20% Bond, 20+ Years Treasury, TLT
0.20% France Index, EWQ
0.19% Bond, 1-3 Year Treasury, SHY
0.16% Growth Mid Cap Dynamic PS, PWJ
0.12% Europe 350 S&P Index, IEV
0.11% Dividend International, PID
0.08% Short 200% MidCap 400 PS, MZZ
0.07% Growth SmallCap VIPERs, VBK
0.07% MidCap Growth iS M, JKH
0.05% Spain Index, EWP
0.05% LargeCap Blend NYSE Composite iS, NYC
0.04% EMU Europe Index, EZU
0.04% China LargeCap Growth G D H USX PS, PGJ
0.03% MidCap S&P 400 iS, IJH
0.03% Sweden Index, EWD
0.00% Growth Small Cap DJ, DSG
-0.02% Technology MS sT, MTK
-0.04% Wilshire 5000 ST TM, TMW
-0.04% Water Resources, PHO
-0.05% Short 100% MidCap 400, MYY
-0.05% Growth BARRA Small Cap 600, IJT
-0.06% Extended Mkt VIPERs, VXF
-0.06% Financials Global LargeCap Value, IXG
-0.06% Pharmaceutical H, PPH
-0.07% Growth Large Cap, ELG
-0.07% Internet H, HHH
-0.08% SmallCap Russell 2000, IWM
-0.08% Global 100, IOO
-0.11% Utilities H, UTH
-0.12% Telecom DJ US, IYZ
-0.12% Growth SmallCap R 2000, IWO
-0.13% Lg Cap Growth PSD, PWB
-0.15% Telecom Services VIPERs, VOX
-0.20% Switzerland Index, EWL
-0.22% Growth LargeCap iS M, JKE
-0.22% Industrial SPDR, XLI
-0.25% Hardware & Electronics, PHW
-0.25% Growth MidCap Russell, IWP
-0.25% Growth LargeCap Russell 3000, IWZ
-0.26% Health Care SPDR, XLV
-0.27% Growth S&P 500/BARRA, IVW
-0.28% Silver Trust iS, SLV
-0.28% Oil, Crude, U.S. Oil Fund, USO
-0.29% Software, PSJ
-0.31% Consumer Non-Cyclical, IYK
-0.31% Biotech SPDR, XBI
-0.32% Consumer Staples SPDR, XLP
-0.32% MidCap Russell, IWR
-0.33% Taiwan Index, EWT
-0.33% Telecommunications Global, IXP
-0.33% Growth VIPERs, VUG
-0.34% Software, IGV
-0.36% Netherlands Index, EWN
-0.36% Biotech H, BBH
-0.37% Pharmaceuticals, PJP
-0.37% Food & Beverage, PBJ
-0.39% SmallCap Core iS M, JKJ
-0.40% Healthcare DJ, IYH
-0.41% Growth S&P 500, RPG
-0.41% Technology SPDR, XLK
-0.41% Consumer Staples VIPERs, VDC
-0.41% Value MidCap S&P 400 B, IJJ
-0.42% Internet Architecture H, IAH
-0.42% MidCap VIPERs, VO
-0.44% Technology Global, IXN
-0.44% Telecommunications & Wireless, PTE
-0.45% Small Cap VIPERs, VB
-0.47% Singapore Index, EWS
-0.48% S&P 500 SPDRs LargeCap Blend, SPY
-0.49% LargeCap Blend S&P 1500 iS, ISI
-0.49% Homebuilders SPDR, XHB
-0.49% Ultra QQQ Double, QLD
-0.50% Health Care VIPERs, VHT
-0.50% China 25 iS, FXI
-0.50% LargeCap Blend Total Market DJ, IYY
-0.51% Info Tech VIPERs, VGT
-0.51% Microcap Russell, IWC
-0.51% LargeCap Blend Russell 3000, IWV
-0.52% LargeCap Blend Dynamic PS, PWC
-0.53% SmallCap S&P 600, IJR
-0.53% Growth LargeCap NASDAQ 100, QQQQ
-0.53% LargeCap Rydex Rus Top 50, XLG
-0.54% MidCap Blend Core iS M, JKG
-0.54% Value MidCap Russell, IWS
-0.55% LargeCap VIPERs, VV
-0.55% Technology GS, IGM
-0.57% Value 1000 Russell, IWD
-0.57% LargeCap Blend Socially Responsible iS, KLD
-0.58% IPOs, First Tr IPOX-100, FPX
-0.58% Micro Cap Zachs, PZI
-0.59% Value MidCap Dynamic PS, PWP
-0.60% DIAMONDS (DJIA), DIA
-0.60% Technology DJ US, IYW
-0.60% Growth 1000 Russell, IWF
-0.60% LargeCap 1000 R, IWB
-0.61% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.61% Building & Construction, PKB
-0.62% Growth SmallCap Dynamic PS, PWT
-0.63% Telecom H, TTH
-0.66% OTC Dynamic PS, PWO
-0.66% LargeCap Blend S&P 100, OEF
-0.67% Value Small Cap DJ, DSV
-0.68% Value MidCap iS M, JKI
-0.69% Healthcare Global, IXJ
-0.72% Blend Total Market VIPERs, VTI
-0.72% S&P 500 iS LargeCap Blend, IVV
-0.72% Value Large Cap DJ, ELV
-0.73% Industrials VIPERs, VIS
-0.73% Emerging VIPERs, VWO
-0.74% Value LargeCap Dynamic PS, PWV
-0.75% Value LargeCap Russell 3000, IWW
-0.76% Retail, PMR
-0.78% Industrial LargeCap Blend DJ US, IYJ
-0.79% Transportation Av DJ, IYT
-0.79% Value LargeCap NYSE 100 iS, NY
-0.80% Dividend Appreciation Vipers, VIG
-0.82% Value VIPERs, VTV
-0.83% Value SmallCap VIPERS, VBR
-0.84% Value SmallCap iS M, JKL
-0.85% Aerospace & Defense, PPA
-0.85% LargeCap Blend Core iS M, JKD
-0.87% Value LargeCap iS M, JKF
-0.87% Value SmallCap S&P 600 B, IJS
-0.90% Networking, IGN
-0.92% Value LargeCap Fundamental RAFI 1000, PRF
-0.93% Hong Kong Index, EWH
-0.94% Value SmallCap Russell 2000, IWN
-0.94% Semiconductor H, SMH
-0.98% LargeCap Blend S&P=Weight R, RSP
-1.01% Consumer Discretionary SPDR, XLY
-1.05% Biotechnology, IBB
-1.08% Consumer Cyclical DJ, IYC
-1.09% Biotech & Genome, PBE
-1.14% Ultra S&P500 Double, SSO
-1.14% Value SmallCap Dynamic PS, PWY
-1.17% Insurance, PIC
-1.17% Software H, SWH
-1.19% Consumer D. VIPERs, VCR
-1.23% Value S&P 500 B, IVE
-1.27% South Africa Index, EZA
-1.28% Value SmallCap S&P 600, RZV
-1.28% Dividend Achievers PS, PFM
-1.36% Semiconductor iS GS, IGW
-1.38% Dividend SPDR, SDY
-1.41% Dividend Growth PS, PHJ
-1.44% Malaysia Index, EWM
-1.48% Leisure & Entertainment, PEJ
-1.52% Dividend DJ Select, DVY
-1.53% Broadband H, BDH
-1.53% Networking, PXQ
-1.54% Value S&P 500, RPV
-1.56% Semiconductors, PSI
-1.58% Mexico Index, EWW
-1.59% Retail H, RTH
-1.67% Semiconductor SPDR, XSD
-1.81% Ultra Dow30 Double, DDM
-1.84% Dividend High Yield Equity PS, PEY
-1.88% Capital Markets KWB ST, KCE
-2.05% Dividend Leaders, FDL
-2.15% Internet Infrastructure H, IIH
-2.81% Financial DJ US, IYF
-2.83% Financials VIPERs, VFH
-2.83% REIT VIPERs, VNQ
-2.85% Financial Services DJ, IYG
-2.92% Financial SPDR, XLF
-2.95% Real Estate US DJ, IYR
-3.07% REIT Wilshire, RWR
-3.25% Realty Cohen & Steers, ICF
-3.34% Bank Regional H, RKH
