Daily Stock Market Commentary – 6/19/2008

by Robert W. Colby, Senior Analyst TraderPlanet.com

Stock Market: DJIA broke down to a new 3-month low. Volume rose to confirm.

On Wednesday, major stock price indexes gapped lower on the open, broke down below the lows of the previous 3 trading days, tried a couple times to recover, but fell again in the final 40 minutes to end the day below the open and below the closes of the previous 4 trading days.

Total NYSE volume rose 18%, confirming the Bearish trend.

The S&P 500 closed at 1,337.81, down 13.12 points or 0.97%. The breadth of the market showed 2.53 to 1 declines over advances on the NYSE. There were 3.21 to 1 New Lows to New Highs on the NYSE, and more than that on the NASDAQ.

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
9.25% , LPX , LOUISIANA PAC
3.35% , JBL , JABIL CIRCUIT
3.15% , GIS , GENERAL MILLS
0.35% , PXE , Energy Exploration & Prod, PXE
1.26% , IAU , Gold COMEX iS, IAU
1.21% , DOG , Short 100% Dow 30, DOG
4.62% , UNP , UNION PACIFIC
1.06% , SH , Short 100% S&P 500, SH
1.33% , CSX , CSX
2.33% , XTO , XTO ENERGY INC
0.98% , EXC , EXELON CORP
0.73% , UNH , UNITEDHEALTH GRP
2.37% , SDS , Short 200% S&P 500 PS, SDS
1.61% , KSU , Kansas City Southern, KSU
0.99% , PSQ , Short 100% QQQ, PSQ
1.37% , MZZ , Short 200% MidCap 400 PS, MZZ
2.21% , DXD , Short 200% Dow 30 PS, DXD
1.70% , SLV , Silver Trust iS, SLV
0.74% , MYY , Short 100% MidCap 400, MYY
1.14% , ETR , ENTERGY
0.55% , THC , TENET HEALTHCARE
0.94% , FAST , Fastenal Company
1.18% , GLD , GoldShares S.T., GLD
1.40% , SLB , SCHLUMBERGER
2.41% , JNS , JANUS CAPITAL
0.63% , GAS , NICOR
1.14% , WAT , WATERS
1.17% , DHI , D.R. HORTON, DHI
1.05% , IP , INTL PAPER
0.84% , TLT , Bond, 20+ Years Treasury, TLT
1.16% , WEN , WENDYS INTL
2.21% , QID , Short 200% QQQ PS, QID
1.28% , DVN , DEVON ENERGY
0.97% , QCOM , QUALCOMM
0.28% , PFE , PFIZER
1.09% , XRX , XEROX
0.36% , BA , BOEING
1.29% , NTRS , NORTHERN TRUST
1.04% , WMI , WASTE MANAGEMENT
1.22% , FXI , China 25 iS, FXI

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-27.26% , FITB , FIFTH THIRD BANC
-0.86% , TTH , Telecom H, TTH
-0.73% , PIC , Insurance, PIC
-1.99% , PMR , Retail, PMR
-9.01% , STI , SUNTRUST BANKS
-49.56% , VWO , Emerging VIPERs, VWO
-1.49% , PXQ , Networking, PXQ
-10.45% , RF , REGIONS FINAN
-2.57% , IXG , Financials Global LargeCap Value, IXG
-1.31% , PHW , Hardware & Electronics, PHW
-6.51% , DISH , EchoStar Communications Corporation
-5.24% , SNA , SNAP ON
-0.63% , BDH , Broadband H, BDH
-5.33% , AN , AUTONATION
-7.42% , BBT , BB&T
-1.51% , FDV , Value 40 Large Low P/E FT DB, FDV
-5.88% , GM , GENERAL MOTORS
-4.14% , HOG , HARLEY DAVIDSON
-5.11% , MI , MARSHAL & ILSLEY
-1.19% , VIG , Dividend Appreciation Vipers, VIG
-4.99% , JCP , JC PENNEY
-6.25% , VC , VISTEON
-3.77% , MU , MICRON TECH
-4.50% , GCI , GANNETT
-5.31% , DDS , DILLARD STK A
-3.67% , NSM , NATL SEMICONDUCT
-3.17% , SRCL , Stericycle, SRCL
-2.67% , SDY , Dividend SPDR, SDY
-1.52% , FDL , Dividend Leaders, FDL
-1.45% , PFM , Dividend Achievers PS, PFM
-1.42% , PKB , Building & Construction, PKB
-3.18% , NCR , NCR
-3.99% , GT , GOODYEAR TIRE
-2.31% , LH , LAB CRP OF AMER
-3.64% , JCI , JOHNSON CONTROLS
-1.54% , EFX
-1.52% , NOC , NORTHROP GRUMMAN
-5.24% , CINF , CINCINNATI FIN
-4.09% , LSI , LSI LOGIC
-1.31% , JKL , Value SmallCap iS M, JKL

Sectors: among the 9 major U.S. sectors, 1 rose and 8 fell.
Major Sectors Ranked for the Day
% Price Change Sector

0.38% Energy SPDR, XLE
-0.39% Utilities SPDR, XLU
-0.67% Materials SPDR, XLB
-1.06% Technology SPDR, XLK
-1.12% Consumer Staples SPDR, XLP
-1.13% Health Care SPDR, XLV
-1.44% Industrial SPDR, XLI
-1.66% Financial SPDR, XLF
-2.20% Consumer Discretionary SPDR, XLY

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 6/18/08, 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 6/18/08, 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. On 6/18/08, XLU/SPY Relative Strength Ratio rose to a new 5-month high. 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 6/18/08. 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 6/18/08. The major trend appears to be turning to Small Caps.

Crude OilJulyfutures contractrose moderately. Oil appears to beconsolidating sideways over the past 8 trading days. 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 rose moderately. 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 recovered a normal fraction of its losses 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 5 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 36.3% Bulls versus 37.4% Bears as of 6/20/08, according to the weekly Investors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 0.97, down from 1.32 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 22.24. 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 25.80. 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 (1,337.81):

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 (1,337.81):

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:

2.55% Metals & Mining SPDR, XME
2.37% Short 200% S&P 500 PS, SDS
2.21% Short 200% QQQ PS, QID
2.21% Short 200% Dow 30 PS, DXD
2.03% Oil, Crude, U.S. Oil Fund, USO
1.70% Silver Trust iS, SLV
1.37% Short 200% MidCap 400 PS, MZZ
1.36% Commodity Tracking, DBC
1.22% China 25 iS, FXI
1.21% Short 100% Dow 30, DOG
1.18% Gold Shares S.T., GLD
1.06% Short 100% S&P 500, SH
0.99% Short 100% QQQ, PSQ
0.84% Bond, 20+ Years Treasury, TLT
0.74% Short 100% MidCap 400, MYY
0.71% Oil Services H, OIH
0.70% Capital Markets KWB ST, KCE
0.55% Singapore Index, EWS
0.55% Bond, 10 Year Treasury, IEF
0.54% Bond, TIPS, TIP
0.50% Bond, Corp, LQD
0.46% Natural Resource iS GS, IGE
0.42% Bond, Aggregate, AGG
0.41% Basic Materials DJ US, IYM
0.38% Energy SPDR, XLE
0.35% Energy Exploration & Prod, PXE
0.33% Oil & Gas, PXJ
0.24% Transportation Av DJ, IYT
0.20% Switzerland Index, EWL
0.10% Bond, 1-3 Year Treasury, SHY
0.07% China LargeCap Growth G D H USX PS, PGJ
0.05% Homebuilders SPDR, XHB
0.05% Energy VIPERs, VDE
0.00% Hong Kong Index, EWH
0.00% Internet B2B H, BHH
-0.04% South Korea Index, EWY
-0.04% Healthcare Global, IXJ
-0.09% Canada Index, EWC
-0.11% Value Line Timeliness MidCap Gr, PIV
-0.15% Energy DJ, IYE
-0.16% Utilities H, UTH
-0.20% Internet H, HHH
-0.26% Taiwan Index, EWT
-0.28% Pacific ex-Japan, EPP
-0.29% Utilities DJ, IDU
-0.29% Australia Index, EWA
-0.39% Utilities SPDR, XLU
-0.41% Biotech & Genome, PBE
-0.43% Biotech H, BBH
-0.45% Growth EAFE MSCI, EFG
-0.46% Utilities, PUI
-0.46% OTC Dynamic PS, PWO
-0.47% Biotechnology, IBB
-0.48% Value SmallCap Russell 2000, IWN
-0.48% Emerging Markets, EEM
-0.50% Utilities VIPERs, VPU
-0.51% Growth SmallCap R 2000, IWO
-0.53% Value LargeCap Dynamic PS, PWV
-0.54% Growth SmallCap VIPERs, VBK
-0.54% Software, PSJ
-0.54% SmallCap S&P 600, IJR
-0.55% Growth Mid Cap Dynamic PS, PWJ
-0.55% Aerospace & Defense, PPA
-0.57% Pharmaceutical H, PPH
-0.57% Value SmallCap S&P 600 B, IJS
-0.58% Growth LargeCap iS M, JKE
-0.59% Materials VIPERs, VAW
-0.60% Asia 50 BLDRS, ADRA
-0.62% Lg Cap Growth PSD, PWB
-0.62% Growth SmallCap Dynamic PS, PWT
-0.63% Broadband H, BDH
-0.64% Growth MidCap 400 B, IJK
-0.65% Micro Cap Zachs, PZI
-0.66% MidCap Growth iS M, JKH
-0.66% Telecommunications Global, IXP
-0.67% MidCap S&P 400 iS, IJH
-0.67% LargeCap Blend Dynamic PS, PWC
-0.67% Euro STOXX 50, FEZ
-0.67% Materials SPDR, XLB
-0.69% Pacific VIPERs, VPL
-0.69% Energy Global, IXC
-0.70% Europe 100 BLDRS, ADRU
-0.70% Value SmallCap Dynamic PS, PWY
-0.71% Growth MidCap Russell, IWP
-0.72% Germany Index, EWG
-0.72% Growth 1000 Russell, IWF
-0.73% Insurance, PIC
-0.74% Food & Beverage, PBJ
-0.77% Healthcare DJ, IYH
-0.77% Value LargeCap NYSE 100 iS, NY
-0.78% Small Cap VIPERs, VB
-0.78% Technology Global, IXN
-0.78% Growth Small Cap DJ, DSG
-0.80% Growth VIPERs, VUG
-0.80% SmallCap Russell 2000, IWM
-0.80% Pharmaceuticals, PJP
-0.81% LargeCap 1000 R, IWB
-0.81% Growth S&P 500/BARRA, IVW
-0.81% Software H, SWH
-0.81% S&P 500 iS LargeCap Blend, IVV
-0.82% Value MidCap S&P 400 B, IJJ
-0.82% Value Large Cap DJ, ELV
-0.82% EAFE Index, EFA
-0.84% LargeCap Blend S&P 100, OEF
-0.85% WilderHill Clean Energy PS, PBW
-0.86% Telecom H, TTH
-0.86% LargeCap Blend Socially Responsible iS, KLD
-0.86% Health Care VIPERs, VHT
-0.86% Global 100, IOO
-0.86% MidCap VIPERs, VO
-0.86% MidCap S&P 400 SPDRs, MDY
-0.87% MidCap Russell, IWR
-0.87% Developed 100 BLDRS, ADRD
-0.88% LargeCap Blend Russell 3000, IWV
-0.91% Growth LargeCap Russell 3000, IWZ
-0.91% LargeCap VIPERs, VV
-0.92% Value LargeCap Euro STOXX 50 DJ, FEU
-0.93% Growth SmallCap iS M, JKK
-0.94% Value LargeCap Russell 3000, IWW
-0.94% Biotech SPDR, XBI
-0.94% Value MidCap Russell, IWS
-0.95% Growth BARRA Small Cap 600, IJT
-0.96% Software, IGV
-0.96% Value S&P 500 B, IVE
-0.97% Growth MidCap S&P 400, RFG
-0.97% Industrial LargeCap Blend DJ US, IYJ
-0.97% Industrials VIPERs, VIS
-0.97% S&P 500 SPDRs LargeCap Blend, SPY
-0.98% Value 1000 Russell, IWD
-0.98% LargeCap Blend Total Market DJ, IYY
-0.98% IPOs, First Tr IPOX-100, FPX
-0.99% EMU Europe Index, EZU
-0.99% Financials VIPERs, VFH
-1.00% Growth Large Cap, ELG
-1.00% Emerging 50 BLDRS, ADRE
-1.00% LargeCap Blend NYSE Composite iS, NYC
-1.00% Value MidCap Dynamic PS, PWP
-1.00% Dividend International, PID
-1.01% Growth S&P 500, RPG
-1.03% LargeCap Blend S&P 1500 iS, ISI
-1.03% SmallCap Core iS M, JKJ
-1.04% Networking, IGN
-1.04% European VIPERs, VGK
-1.04% Latin Am 40, ILF
-1.05% LargeCap Blend S&P=Weight R, RSP
-1.06% Consumer Staples VIPERs, VDC
-1.06% Japan Index, EWJ
-1.06% Technology SPDR, XLK
-1.07% Growth LargeCap NASDAQ Fidelity, ONEQ
-1.07% Growth LargeCap NASDAQ 100, QQQQ
-1.07% Europe 350 S&P Index, IEV
-1.08% Value SmallCap VIPERS, VBR
-1.09% France Index, EWQ
-1.09% MidCap Blend Core iS M, JKG
-1.09% Value VIPERs, VTV
-1.09% United Kingdom Index, EWU
-1.09% LargeCap Rydex Rus Top 50, XLG
-1.10% Dividend Growth PS, PHJ
-1.11% Japan LargeCap Blend TOPIX 150, ITF
-1.11% Financial DJ US, IYF
-1.12% Microcap Russell, IWC
-1.12% Value Small Cap DJ, DSV
-1.12% Consumer Staples SPDR, XLP
-1.13% Consumer Non-Cyclical, IYK
-1.13% Financial Services DJ, IYG
-1.13% Value LargeCap iS M, JKF
-1.13% Health Care SPDR, XLV
-1.15% Austria Index, EWO
-1.16% Nanotech Lux, PXN
-1.16% Value LargeCap Fundamental RAFI 1000, PRF
-1.18% Technology GS, IGM
-1.18% Brazil Index, EWZ
-1.19% Dividend Appreciation Vipers, VIG
-1.19% LargeCap Blend Core iS M, JKD
-1.20% Italy Index, EWI
-1.20% Internet Architecture H, IAH
-1.25% Info Tech VIPERs, VGT
-1.27% South Africa Index, EZA
-1.30% Technology DJ US, IYW
-1.31% Value SmallCap iS M, JKL
-1.31% Hardware & Electronics, PHW
-1.31% DIAMONDS (DJIA), DIA
-1.32% Value MidCap iS M, JKI
-1.32% Global Titans, DGT
-1.33% Telecom Services VIPERs, VOX
-1.33% Value SmallCap S&P 600, RZV
-1.34% Realty Cohen & Steers, ICF
-1.36% Value EAFE MSCI, EFV
-1.37% Malaysia Index, EWM
-1.37% REIT Wilshire, RWR
-1.38% SmallCap PS Zacks, PZJ
-1.40% Value MidCap S&P 400, RFV
-1.42% Building & Construction, PKB
-1.44% Leisure & Entertainment, PEJ
-1.44% Industrial SPDR, XLI
-1.45% Dividend Achievers PS, PFM
-1.46% Internet Infrastructure H, IIH
-1.47% Netherlands Index, EWN
-1.47% Sweden Index, EWD
-1.47% REIT VIPERs, VNQ
-1.49% Networking, PXQ
-1.49% Real Estate US DJ, IYR
-1.49% Spain Index, EWP
-1.51% Value 40 Large Low P/E FT DB, FDV
-1.52% Dividend Leaders, FDL
-1.57% Telecom DJ US, IYZ
-1.62% Retail H, RTH
-1.64% Belgium Index, EWK
-1.66% Financial SPDR, XLF
-1.70% Ultra MidCap400 Double, MVV
-1.71% Technology MS sT, MTK
-1.78% Telecommunications & Wireless, PTE
-1.82% Semiconductors, PSI
-1.84% Wilshire 5000 ST TM, TMW
-1.88% Dividend DJ Select, DVY
-1.90% Consumer Cyclical DJ, IYC
-1.92% Semiconductor H, SMH
-1.93% Consumer D. VIPERs, VCR
-1.99% Retail, PMR
-1.99% Value S&P 500, RPV
-2.04% Ultra Dow30 Double, DDM
-2.08% Mexico Index, EWW
-2.20% Consumer Discretionary SPDR, XLY
-2.21% Ultra S&P500 Double, SSO
-2.21% Semiconductor iS GS, IGW
-2.21% Semiconductor SPDR, XSD
-2.21% Ultra QQQ Double, QLD
-2.25% Bank Regional H, RKH
-2.35% Water Resources, PHO
-2.57% Financials Global LargeCap Value, IXG
-2.67% Dividend SPDR, SDY
-2.71% Dividend High Yield Equity PS, PEY