by Robert W. Colby, Senior Analyst TraderPlanet.com
Stocksrebounded. Trends within the various sub groups appear mixed: some Bullish, some Bearish.
Energy and Materials Sectors sprung back the most.
The Small Cap/Large Cap Relative Strength Ratio rose to a new 9-month high.
NASDAQ Composite rose to a new 5-month closing price high.
Industrial Stock Sector Relative Strength Ratio lagged, falling to its lowest level in 5 weeks. Downgrade to Underweight.
Financial Stock Sector Relative Strength Ratio again fell to its lowest level in more than 7 years, continuing a major Bearish trend.
On Thursday, majorstock priceindexes opened modestly higher and managed to maintain an upward direction most of the day, overcoming a couple of bouts of profit taking along the way. The S&P 500 closed above the highs of the previous 3 trading days, ending at the high of the day, at 1,404.05, up an impressive 26.85 points or 1.95%.
Total NYSE volume fell 1%, thereby failing to confirm the price upturn. The volume of advancing stocks minus the volume of declining stocks was net +70% of the volume of changed stocks.
Trends within the various sub groups of stocks appear mixed: some Bullish, some Bearish. In addition, the short-term action has been subject to rapid and frequent change. A cautious approach 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
1.91% , PZJ , SmallCap PS Zacks, PZJ
1.39% , XBI , Biotech SPDR, XBI
2.49% , IWC , Microcap Russell, IWC
13.33% , LVLT , LEVEL 3 COMMUNICATIONS
8.87% , BF.B , BROWN FORMAN STK B
8.63% , NUE , NUCOR
1.35% , PIC , Insurance, PIC
6.68% , PTEN , Patterson-UTI Energy Inc
1.46% , MTK , Technology MS sT, MTK
3.68% , WMT , WAL MART STORES
1.93% , IWB , LargeCap 1000 R, IWB
3.39% , BHH , Internet B2B H, BHH
5.57% , TROW , T ROWE PRICE GP
2.56% , PIV , Value Line Timeliness MidCap Gr, PIV
4.48% , APD , AIR PRODS & CHEM
2.25% , NTAP , NETWK APPLIANCE
1.87% , PWC , LargeCap Blend Dynamic PS, PWC
5.35% , VZ , VERIZON COMMS
2.10% , IBB , Biotechnology, IBB
1.94% , RZV , Value SmallCap S&P 600, RZV
5.22% , AW , ALLIED WASTE IND
6.70% , RYAAY , Ryanair Holdings plc
3.73% , BIIB , BIOGEN IDEC
5.73% , X , US STEEL CORP
1.20% , PSI , Semiconductors, PSI
4.77% , MVV , Ultra MidCap400 Double, MVV
1.67% , VPU , Utilities VIPERs, VPU
3.63% , HPQ , HEWLETT PACKARD
2.00% , EWI , Italy Index, EWI
2.36% , RTH , Retail H, RTH
5.25% , MON , MONSANTO
3.80% , DBC , Commodity Tracking, DBC
2.18% , PWB , Lg Cap Growth PSD, PWB
1.79% , EWQ , France Index, EWQ
7.47% , VC , VISTEON
5.95% , FRE , FREDDIE MAC
4.03% , ROST , Ross Stores Inc
3.35% , PCL , PLUM CREEK TIMB
7.67% , SLM , SLM CORP
2.62% , FMCN , Focus Media, FMCN
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol , Name
-7.85% , CIEN.O , CIENA
-4.64% , HPC , HERCULES
-1.65% , CR , CRANE
-4.60% , MZZ , Short 200% MidCap 400 PS, MZZ
-0.68% , IIH , Internet Infrastructure H, IIH
-2.64% , PH , PARKER HANNIFIN
-2.12% , MYY , Short 100% MidCap 400, MYY
-1.41% , ATI , ALLEGHENY TECH
-1.45% , CVG , CONVERGYS
-2.12% , GNTX , Gentex Corporation
-0.52% , IEF , Bond, 10 Year Treasury, IEF
-2.53% , TER , TERADYNE
-0.81% , ADBE , ADOBE SYS
-1.38% , KLAC , KLA TENCOR
-0.76% , LMT , LOCKHEED MARTIN
-0.57% , MDP , MEREDITH
-0.69% , PFE , PFIZER
-0.14% , NOVL , NOVELL
-0.55% , EK , EASTMAN KODAK
-0.23% , GLD , Gold Shares S.T., GLD
-0.67% , MI , MARSHAL & ILSLEY
-0.45% , SHLD , SEARS HOLDINGS
-0.52% , CZN , CITIZENS COMMS STK B
-1.03% , LEN , Lennar Corp. (LEN)
-2.03% , SH , Short 100% S&P 500, SH
-1.39% , LLL , L-3 COMMS HLDGS
-0.31% , TIP , Bond, TIPS, TIP
-1.05% , MAS , MASCO
-1.24% , PCAR , PACCAR
-1.04% , MCHP , Microchip Technology Incorporated
-0.36% , SNV , SYNOVUS
-0.24% , HBAN , HUNTINGTON
-0.89% , CTX , CENTEX
-2.50% , PHM , PULTE HOMES
-0.16% , DHI , D.R. HORTON, DHI
-0.44% , CMI , CUMMINS
-0.37% , LTD , LIMITED BRANDS
-0.33% , CPB , CAMPBELL SOUP
-0.04% , ERIC.O , LM Ericsson Telephone Company
-0.03% , HSY , HERSHEY FOODS
Sectors: among the 9 major U.S. sectors, all 9 rose.
Major Sectors Ranked for the Day
% Price Change Sector
5.22% Energy SPDR, XLE
3.36% Materials SPDR, XLB
2.05% Technology SPDR, XLK
1.99% Financial SPDR, XLF
1.30% Consumer Discretionary SPDR, XLY
1.19% Utilities SPDR, XLU
1.02% Consumer Staples SPDR, XLP
0.88% Health Care SPDR, XLV
0.73% Industrial SPDR, XLI
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 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 5/20/08, 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 6/4/08. 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.
Technology (XLK) Neutral, Market Weight. On 5/30/08, the XLK/SPY Relative Strength Ratio rose to a new 5-month high, confirming an improving intermediate-term trend.
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.
Industrial (XLI) Bearish, Underweight. The XLI/SPY Relative Strength Ratio fell to its lowest level in 5 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 6/4/08, 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 rose to a new 5-month high on 5/23/08. EFA outperformed since 2/8/08 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 6/4/08. 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. The major trend appears to be turning to Small Caps.
Crude Oil July futures contract bounced sharply higher, recovering all the loss of the previous 2 days. On 5/28/08, I noted that Crude Oil has been quite overbought, so aconsolidation or correction would come as no surprise. 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 fell to a new 3-week low. On 5/29/08, I noted that Gold broke down below the lows of the previous 8 trading days, and that Gold’s trend turned Bearish, for both short-term and intermediate-term time frames.
U.S. Treasury Bond September futures contract price broke down below the lows of the previous 3 days. On 6/4/08, I wrote “the bounce could be over.” On 5/28/08, I noted that Bonds broke down below previous 7-month price lows. That marked a significant Bearish trend change for Bonds. So, I suggested thattraders in all timeframes ought to consider selling bonds.
The U.S. dollar reversed to the downside. Intraday, the price rose to a new 3 week high, but that new high was rejected by the market and the dollar closed below the previous day’s low and at the low of the day. This may be taken as a warning for the short-term. 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 choppytrading 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 18.63. 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 24.01. 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 0.64, which indicates neutral 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 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 (1,404.05):
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
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 (1,404.05):
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:
5.22% Energy Exploration & Prod, PXE
5.22% Energy SPDR, XLE
5.02% Oil, Crude, U.S. Oil Fund, USO
4.77% Oil Services H, OIH
4.77% Ultra MidCap400 Double, MVV
4.74% Metals & Mining SPDR, XME
4.56% Oil & Gas, PXJ
4.53% Energy DJ, IYE
4.53% Brazil Index, EWZ
4.48% Energy VIPERs, VDE
4.34% Latin Am 40, ILF
4.28% Natural Resource iS GS, IGE
4.11% Ultra S&P500 Double, SSO
3.80% Commodity Tracking, DBC
3.78% Ultra QQQ Double, QLD
3.69% Basic Materials DJ US, IYM
3.59% Capital Markets KWB ST, KCE
3.58% Energy Global, IXC
3.56% Emerging 50 BLDRS, ADRE
3.48% Ultra Dow30 Double, DDM
3.44% Materials VIPERs, VAW
3.39% Internet B2B H, BHH
3.37% Taiwan Index, EWT
3.36% Materials SPDR, XLB
3.28% China 25 iS, FXI
3.27% Belgium Index, EWK
3.18% Emerging Markets, EEM
3.16% Telecom DJ US, IYZ
2.99% Telecom H, TTH
2.98% China LargeCap Growth G D H USX PS, PGJ
2.97% WilderHill Clean Energy PS, PBW
2.96% Emerging VIPERs, VWO
2.81% Telecom Services VIPERs, VOX
2.68% Growth SmallCap R 2000, IWO
2.63% Austria Index, EWO
2.62% Realty Cohen & Steers, ICF
2.61% Growth Small Cap DJ, DSG
2.60% MidCap Growth iS M, JKH
2.60% Growth SmallCap VIPERs, VBK
2.59% Water Resources, PHO
2.59% SmallCap S&P 600, IJR
2.57% Growth SmallCap iS M, JKK
2.57% Growth MidCap 400 B, IJK
2.56% Value Line Timeliness MidCap Gr, PIV
2.56% SmallCap Russell 2000, IWM
2.51% Real Estate US DJ, IYR
2.51% Growth SmallCap Dynamic PS, PWT
2.49% Microcap Russell, IWC
2.47% Hong Kong Index, EWH
2.40% Value SmallCap Russell 2000, IWN
2.37% Extended Mkt VIPERs, VXF
2.37% MidCap S&P 400 SPDRs, MDY
2.36% Retail H, RTH
2.35% Value LargeCap iS M, JKF
2.34% Growth MidCap S&P 400, RFG
2.33% Netherlands Index, EWN
2.33% SmallCap Core iS M, JKJ
2.31% Growth BARRA Small Cap 600, IJT
2.30% IPOs, First Tr IPOX-100, FPX
2.29% MidCap S&P 400 iS, IJH
2.29% REIT VIPERs, VNQ
2.29% REIT Wilshire, RWR
2.26% Telecommunications Global, IXP
2.23% South Africa Index, EZA
2.23% LargeCap VIPERs, VV
2.21% Micro Cap Zachs, PZI
2.19% MidCap VIPERs, VO
2.19% Value LargeCap NYSE 100 iS, NY
2.18% Value SmallCap S&P 600 B, IJS
2.18% Lg Cap Growth PSD, PWB
2.18% Growth LargeCap iS M, JKE
2.18% Internet Architecture H, IAH
2.17% Canada Index, EWC
2.14% Sweden Index, EWD
2.13% Small Cap VIPERs, VB
2.13% Growth S&P 500/BARRA, IVW
2.10% Biotechnology, IBB
2.09% Hardware & Electronics, PHW
2.09% LargeCap Blend NYSE Composite iS, NYC
2.08% Europe 100 BLDRS, ADRU
2.07% Growth Large Cap, ELG
2.07% Value LargeCap Russell 3000, IWW
2.06% Value 1000 Russell, IWD
2.06% LargeCap Blend Total Market DJ, IYY
2.05% Technology SPDR, XLK
2.05% Global Titans, DGT
2.03% Growth LargeCap Russell 3000, IWZ
2.03% Growth MidCap Russell, IWP
2.01% Value MidCap S&P 400, RFV
2.00% S&P 500 SPDRs LargeCap Blend, SPY
2.00% Value SmallCap Dynamic PS, PWY
2.00% Italy Index, EWI
1.99% Financial DJ US, IYF
1.99% Financial Services DJ, IYG
1.99% Silver Trust iS, SLV
1.99% Financial SPDR, XLF
1.98% European VIPERs, VGK
1.97% LargeCap Blend Russell 3000, IWV
1.95% Dividend International, PID
1.95% MidCap Blend Core iS M, JKG
1.95% Blend Total Market VIPERs, VTI
1.94% Value SmallCap S&P 600, RZV
1.94% MidCap Russell, IWR
1.93% Value LargeCap Dynamic PS, PWV
1.93% Developed 100 BLDRS, ADRD
1.93% Europe 350 S&P Index, IEV
1.93% Value VIPERs, VTV
1.93% LargeCap 1000 R, IWB
1.92% Growth VIPERs, VUG
1.92% Growth 1000 Russell, IWF
1.91% SmallCap PS Zacks, PZJ
1.91% LargeCap Blend S&P 1500 iS, ISI
1.91% Value MidCap S&P 400 B, IJJ
1.90% Semiconductor SPDR, XSD
1.89% Australia Index, EWA
1.89% Value SmallCap VIPERS, VBR
1.88% Wilshire 5000 ST TM, TMW
1.88% Switzerland Index, EWL
1.88% OTC Dynamic PS, PWO
1.88% LargeCap Rydex Rus Top 50, XLG
1.88% Dividend Growth PS, PHJ
1.88% Value LargeCap Euro STOXX 50 DJ, FEU
1.87% Transportation Av DJ, IYT
1.87% Building & Construction, PKB
1.87% LargeCap Blend Dynamic PS, PWC
1.86% Value EAFE MSCI, EFV
1.85% LargeCap Blend S&P 100, OEF
1.84% Growth Mid Cap Dynamic PS, PWJ
1.83% Retail, PMR
1.83% EMU Europe Index, EZU
1.82% Value Large Cap DJ, ELV
1.81% S&P 500 iS LargeCap Blend, IVV
1.81% United Kingdom Index, EWU
1.81% Growth LargeCap NASDAQ Fidelity, ONEQ
1.81% Networking, PXQ
1.81% Technology GS, IGM
1.80% Value Small Cap DJ, DSV
1.79% Value 40 Large Low P/E FT DB, FDV
1.79% France Index, EWQ
1.77% Info Tech VIPERs, VGT
1.77% Financials VIPERs, VFH
1.76% Value SmallCap iS M, JKL
1.76% Broadband H, BDH
1.76% Financials Global LargeCap Value, IXG
1.75% Germany Index, EWG
1.74% Value LargeCap Fundamental RAFI 1000, PRF
1.73% LargeCap Blend S&P=Weight R, RSP
1.73% Value MidCap Russell, IWS
1.72% Dividend Appreciation Vipers, VIG
1.71% Consumer Cyclical DJ, IYC
1.71% DIAMONDS (DJIA), DIA
1.67% Utilities VIPERs, VPU
1.66% EAFE Index, EFA
1.65% Technology DJ US, IYW
1.63% Mexico Index, EWW
1.62% Value S&P 500 B, IVE
1.60% Networking, IGN
1.59% Growth LargeCap NASDAQ 100, QQQQ
1.58% Nanotech Lux, PXN
1.57% Healthcare Global, IXJ
1.56% Asia 50 BLDRS, ADRA
1.56% LargeCap Blend Core iS M, JKD
1.53% LargeCap Blend Socially Responsible iS, KLD
1.49% Food & Beverage, PBJ
1.49% Telecommunications & Wireless, PTE
1.49% Software, PSJ
1.48% Industrials VIPERs, VIS
1.48% Global 100, IOO
1.46% Euro STOXX 50, FEZ
1.46% Biotech & Genome, PBE
1.46% Technology MS sT, MTK
1.46% South Korea Index, EWY
1.45% Value MidCap iS M, JKI
1.44% Dividend Leaders, FDL
1.39% Biotech SPDR, XBI
1.37% Spain Index, EWP
1.37% Industrial LargeCap Blend DJ US, IYJ
1.35% Internet H, HHH
1.35% Singapore Index, EWS
1.35% Utilities DJ, IDU
1.35% Insurance, PIC
1.34% Value MidCap Dynamic PS, PWP
1.30% Consumer Discretionary SPDR, XLY
1.30% Consumer D. VIPERs, VCR
1.29% Semiconductor iS GS, IGW
1.29% Dividend Achievers PS, PFM
1.29% Pacific ex-Japan, EPP
1.21% Leisure & Entertainment, PEJ
1.20% Semiconductors, PSI
1.19% Utilities SPDR, XLU
1.18% Bank Regional H, RKH
1.17% Dividend DJ Select, DVY
1.16% Utilities H, UTH
1.11% Dividend SPDR, SDY
1.11% Software, IGV
1.10% Pharmaceuticals, PJP
1.08% Value S&P 500, RPV
1.06% Technology Global, IXN
1.05% Growth S&P 500, RPG
1.05% Consumer Staples VIPERs, VDC
1.02% Consumer Staples SPDR, XLP
0.99% Biotech H, BBH
0.99% Health Care VIPERs, VHT
0.96% Software H, SWH
0.96% Dividend High Yield Equity PS, PEY
0.92% Growth EAFE MSCI, EFG
0.90% Utilities, PUI
0.88% Health Care SPDR, XLV
0.88% Japan LargeCap Blend TOPIX 150, ITF
0.87% Healthcare DJ, IYH
0.80% Japan Index, EWJ
0.73% Industrial SPDR, XLI
0.62% Pacific VIPERs, VPL
0.60% Consumer Non-Cyclical, IYK
0.57% Pharmaceutical H, PPH
0.36% Malaysia Index, EWM
0.30% Semiconductor H, SMH
0.19% Aerospace & Defense, PPA
0.05% Homebuilders SPDR, XHB
-0.13% Bond, 1-3 Year Treasury, SHY
-0.23% Gold Shares S.T., GLD
-0.31% Bond, TIPS, TIP
-0.37% Bond, Aggregate, AGG
-0.52% Bond, 10 Year Treasury, IEF
-0.53% Bond, Corp, LQD
-0.60% Bond, 20+ Years Treasury, TLT
-0.68% Internet Infrastructure H, IIH
-1.83% Short 100% QQQ, PSQ
-1.85% Short 100% Dow 30, DOG
-2.03% Short 100% S&P 500, SH
-2.12% Short 100% MidCap 400, MYY
-3.38% Short 200% Dow 30 PS, DXD
-3.67% Short 200% QQQ PS, QID
-3.96% Short 200% S&P 500 PS, SDS
-4.60% Short 200% MidCap 400 PS, MZZ
