by Robert W. Colby, Senior Analyst TraderPlanet.com
Stock Market: S&P 500 broke down to its lowest level in more than 23 months.
Consumer StaplesStock Sector Relative Strength Ratio (XLP/SPY) rose to a new 5-year high. The market has been moving to “defensive” businesses that are not overly sensitive to economic slumps.
Growth Stock/Value StockRelative Strength Ratio rose to a new 3-year high.
Financial Stock Sector Relative Strength Ratio (XLF/SPY) fell to its lowest level in 8 years, and the XLF absolute price fell to its lowest level in more than 5 years, again confirming a major downtrend.
On Monday, majorstock priceindexes gapped higher on the open but finished broadly lower, in the lower third of the day’s High-Low range. Total NYSEvolume rose 62% to confirm the Bearish trend.
The S&P 500 closed at 1,252.31, its lowest level in more than 23 months, down 10.59 points or 0.84% on the day. It violated critical support at 1,256.98, the intraday low of 3/17/2008. Next, the U.S. equity markets could be vulnerable to a downside capitulation wave of selling.
The breadth of the market was Bearish–again. The Advance-Decline balance ((A-D) / (A+D)) was -40.29%, the Up-Down Volume balance ((Up-Dn) / (Up+Dn)) was -38.86%, and the New Highs-New Lows balance ((H-L) / ( H+L)) was -95.91% on the NYSE. The Cumulative Daily Advance-Decline Line for theNYSE fell to another new 18-month low, while the A-D Line for theNASDAQ fell to another new multi-year low.
The S&P 500 has fallen 12.22% since its rally high close of 1,426.63 on 5/19/08. Consistently, 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, which was clearly signaled here on 11/21/07, when both the Dow-Jones Industrial and Transportation Averages closed below their respective closing price lows of August, 2007. The Primary Trend is the dominant force, and it tends to overwhelm smaller trends and cycles. Nevertheless, even while emphasizing the Primary Trend, tradersmay want to keep in mind that shorter-term trends can change violently and rapidly.
Spotlight on event stocks: Here is astock screenI 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
14.11% , SSCC , Smurfit-Stone Container Corporation
11.99% , YHOO , YAHOO
2.75% , HHH , Internet H, HHH
1.26% , XSD , Semiconductor SPDR, XSD
8.58% , TIN , TEMPLE INLAND
5.52% , NTAP , NETWK APPLIANCE
4.31% , HRB , H&R BLOCK
4.53% , PMCS , PMC SIERRA
3.32% , ROST , Ross Stores Inc
7.13% , BRCM , BROADCOM STK A
4.03% , AM , AMER GREETINGS STK A
4.89% , RSH , RADIOSHACK
6.51% , IGT , INTL GAME TECH
3.72% , HGSI , Human Genome Sciences Inc
2.31% , DLX , DELUXE
2.18% , R , RYDER SYSTEM
3.78% , CMI , CUMMINS
1.37% , CVG , CONVERGYS
0.91% , TTH , Telecom H, TTH
1.26% , WYE , WYETH
3.13% , SIRI , Sirius Satellite
2.17% , NSM , NATL SEMICONDUCT
1.96% , PGJ , China LargeCap Growth G D H USX PS, PGJ
0.47% , LQD , Bond, Corp, LQD
2.79% , ETFC.O , E*TRADE FINANCIAL
0.55% , BDH , Broadband H, BDH
0.81% , BHH , Internet B2B H, BHH
1.71% , NCC , NATIONAL CITY
1.62% , IAH , Internet Architecture H, IAH
2.18% , FDO , FAMILY DLR STRS
5.64% , NUE , NUCOR
1.04% , WEN , WENDYS INTL
0.98% , NCR , NCR
2.03% , SYY , SYSCO
1.64% , SUN , SUNOCO
12.99% , HANS , Hansen Natural, HANS
1.29% , EWH , Hong Kong Index, EWH
2.12% , FAST , Fastenal Company
1.05% , MMC , MARSH & MCLENNAN
2.96% , AAPL , APPLE COMPUTER
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-16.19% , FNM
-17.86% , FRE
-9.50% , VRSN , VeriSign Inc
-0.70% , FPX , IPOs, First Tr IPOX-100, FPX
-8.52% , TEVA , Teva Pharmaceutical Industries Limited
-6.78% , SLM
-11.60% , MI , MARSHAL & ILSLEY
-17.73% , MTG , MGIC
-9.11% , STI , SUNTRUST BANKS
-0.95% , RFG , Growth MidCap S&P 400, RFG
-1.14% , PXQ , Networking, PXQ
-2.49% , VIA , VIACOM INC. (New)
-11.32% , FHN , FIRST TENNESSEE
-4.68% , KEY , KEYCORP
-4.57% , XHB , Homebuilders SPDR, XHB
-5.19% , STT , STATE STREET
-0.73% , DSG , Growth Small Cap DJ, DSG
-6.65% , WB
-3.84% , IIH , Internet Infrastructure H, IIH
-4.81% , MRK , MERCK & CO
-7.30% , XL , XL CAPITAL STK A
-3.11% , VFH , FinancialsVIPERs, VFH
-3.59% , GPS , GAP
-3.66% , HMA , HEALTH MGMT STK A
-1.56% , JKF , Value LargeCap iS M, JKF
-7.43% , KBH , KB HOME
-5.07% , GS
-0.45% , PKB , Building & Construction, PKB
-4.34% , GNW , GENWORTH (NYSE:GNW)
-3.52% , NKE , NIKE STK B
-5.81% , DVN , DEVON ENERGY
-3.92% , SOV , SOVEREIGN BANC
-2.48% , EFX
-5.03% , PWER , POWER ONE
-0.97% , IJJ , Value MidCap S&P 400 B, IJJ
-0.14% , PFM ,Dividend Achievers PS, PFM
-3.25% , KCE , Capital Markets KWB ST, KCE
-1.19% , RZV , Value Small CapS&P 600, RZV
-5.53% , BBT , BB&T
-1.36% , IWW , Value LargeCap Russell 3000, IWW
Sectors: among the 9 major U.S. sectors, 3 rose and 6 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
1.12% Technology SPDR, XLK
1.01% Consumer Staples SPDR, XLP
0.51% Materials SPDR, XLB
-0.12% Industrial SPDR, XLI
-0.66% Health Care SPDR, XLV
-0.99% Utilities SPDR, XLU
-1.14% Consumer Discretionary SPDR, XLY
-2.51% Energy SPDR, XLE
-3.31%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 7/1/08, XLE/SPY Relative Strength Ratio rose to another new all-time high, again confirming a major uptrend.
Utilities (XLU) Neutral, Market Weight. On 7/2/08, XLU/SPY Relative Strength Ratio rose to a new all-time high, again confirming a major uptrend. Since 10/17/02, the XLU/SPY Relative Strength Ratio has outperformed substantially.
Consumer Staples (XLP) Neutral, Market Weight. On 7/7/08, XLP /SPY Relative Strength Ratio rose to a new 5-year high. For nearly 8 years, since 9/27/00, the XLP/SPY Relative Strength Ratio has outperformed, so the long-term trend is up.
Materials (XLB) Neutral, Market Weight. On 6/23/08, XLB/SPY Relative Strength Ratio rose to another new all-time high, thereby confirming a major uptrend.
Technology (XLK) Bearish, Underweight. On 7/3/08, the XLK absolute price and the XLK/SPY Relative Strength Ratio both fell to their lowest levels in 6 weeks, thereby signaling a deteriorating intermediate-term trend. The XLK/SPY Relative Strength Ratio has been deteriorating since 6/6/08.
Health Care (XLV) Bearish, Underweight. On 7/2/08, the XLV/SPY Relative Strength Ratio moved up to a new 3- month high. But on 6/20/08, the XLV absolute price fell to its lowest level in nearly 2 years, since 7/18/06. 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.
Industrial (XLI) Bearish, Underweight. On 7/2/08, both the XLI absolute price and the XLI/SPY Relative Strength Ratio fell to their lowest levels in more than 5 months, again confirming a Bearish trend.
Consumer Discretionary (XLY) Bearish, Underweight. On 7/1/08, the XLY absolute price and the XLY/SPY Relative Strength Ratio both fell to their lowest levels in more than 5 months. Since 1/5/05, the XLY/SPY Relative Strength Ratio has underperformed substantially.
Financial (XLF) Bearish, Underweight. On 7/7/08, the XLF/SPY Relative Strength Ratio fell to its lowest level in 8 years, and the XLF absolute price fell to its lowest level in more than 5 years. Since 3/23/04, the XLF/SPY Relative Strength Ratio has underperformed substantially.
Foreign stock index EFA absolute price fell to its lowest levels in more than 5 months on 7/2/08. Since 5/23/08, EFA has underperformed the U.S. stock market. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.
NASDAQ CompositeRelative Strength Ratio and absolute price both fell to their lowest levels in 6 weeks on 7/3/08, thereby signaling a deteriorating intermediate-term trend. NASDAQ Composite has underperformed the S&P 500 since 6/19/08.
Growth Stock/Value Stock Relative Strength Ratio rose to a new 3-year high on 7/7/08. This ratio (IWF/IWD) has been in an uptrend since 8/8/06.
The Small Cap/Large Cap Relative Strength Ratio has fallen significantly since its peak on 6/20/08. The minor Ripple Trend (at least) has turned away from Small Caps and toward Large Caps.
Crude OilAugustfutures contractbroke the lows of the previous 3trading days. This appears to be nothing more than a minor short-term price pullback. Trends remain Bullish in longer time frames. U.S. OILFUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.
The Energy stocksector has underperformed Crude Oil since 12/10/07.
Gold August futures contract broke the lows of the previous 4 trading days. This appears to be nothing more than a minor short-term price pullback. Trends remain Bullish in longer time frames.
U.S.Treasury BondSeptember futures contract moved up to a new 4-month high. The theme seems to be capital flight to safety, and away from stocks. That appears to be the path of least resistance.
iShares Lehman TIPS Bond ETF (TIP) Strength Ratio Relative to iShares Lehman 7-10 Year Treasury ETF (IEF) broke out to a new 18-month high on 7/3/08.
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) absolute price broke down to another new 5-year low on 7/3/08.
The U.S. dollar bounce fizzled. The short-term trend appears treacherous. Intermediate term, the dollar has been in a choppy sideways trading range since its low on 3/17/08. Long-term, the 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 31.9 % Bulls versus 44.7% Bears as of 7/2/08, according to the weeklyInvestors Intelligence survey of newsletter advisors. The Bull/Bear ratio fell to 0.71, down from 0.86 the previous week. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47.
VIX “Fear Index”, now at 25.78, indicates rising fear since 5/15/08. 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”, now at 30.38, shows rising fear since 5/16/08. Previously, 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 0.89, which indicates Bearish sentiment. Its 4-year mean and median are 0.62, and its 4-year range is 0.35 to 1.28.
ISEE Call/Put Ratio is 0.91, which indicates Bearish sentiment.. The ratio’s 4-year mean is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.04.
Fundamentals: The 2003-2007Bull Marketwas 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. Risingcommodity pricespush up inflation.
A new intermediate-term down wave was signaled on 6/11/08, when the Dow-Jones Industrials and Transports both closed at new 7-week lows. The Dow Theory confirmed a PrimaryBear Marketon 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.
Todiscover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor’s 500cash index (1,252.31):
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 (1,252.31):
Potential Support
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:
% Price Change, ETF Name, Symbol
2.75% Internet H, HHH
2.21% China 25 iS, FXI
2.20% Short 200% S&P 500 PS, SDS
1.96% China LargeCap Growth G D H USX PS, PGJ
1.80% Technology MS sT, MTK
1.66% Short 200% Dow 30 PS, DXD
1.62% Internet Architecture H, IAH
1.52% UltraQQQ Double, QLD
1.48% Short 200% MidCap 400 PS, MZZ
1.32% Singapore Index, EWS
1.29% Hong Kong Index, EWH
1.26% Semiconductor SPDR, XSD
1.12% Technology SPDR, XLK
1.01% Consumer Staples SPDR, XLP
0.95% Short 100% S&P 500, SH
0.91% Telecom H, TTH
0.81% Internet B2B H, BHH
0.80% Leisure & Entertainment, PEJ
0.79% Global Titans, DGT
0.72% Semiconductors, PSI
0.70% Short 100% Dow 30, DOG
0.61% Technology DJ US, IYW
0.61% Software H, SWH
0.61% Food & Beverage, PBJ
0.61% Growth LargeCap NASDAQ 100, QQQQ
0.60% Technology GS, IGM
0.60% Semiconductor iS GS, IGW
0.57% Japan LargeCap Blend TOPIX 150, ITF
0.55% Broadband H, BDH
0.51% Retail H, RTH
0.51% Materials SPDR, XLB
0.50% Short 100% MidCap 400, MYY
0.49% Retail, PMR
0.47% Bond, 10 Year Treasury, IEF
0.47% Bond, Corp, LQD
0.46% Bond, 20+ Years Treasury, TLT
0.44% Info Tech VIPERs, VGT
0.43% Hardware & Electronics, PHW
0.35% Bond, Aggregate, AGG
0.34% Growth SmallCap Dynamic PS, PWT
0.25% Technology Global, IXN
0.23% Asia 50 BLDRS, ADRA
0.23% Consumer Staples VIPERs, VDC
0.20% South Africa Index, EZA
0.18% Transportation Av DJ, IYT
0.10%Dividend Appreciation Vipers, VIG
0.08% Industrial LargeCap Blend DJ US, IYJ
0.06% Software, IGV
0.06% Bond, 1-3 Year Treasury, SHY
0.05% Telecommunications Global, IXP
0.04% Pacific VIPERs, VPL
0.04% Basic Materials DJ US, IYM
0.00% Telecommunications & Wireless, PTE
0.00% Japan Index, EWJ
0.00% Industrials VIPERs, VIS
0.00%Dividend International, PID
-0.05% Bond, TIPS, TIP
-0.09% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.12% Industrial SPDR, XLI
-0.13% Latin Am 40, ILF
-0.14% Germany Index, EWG
-0.14% Dividend Achievers PS, PFM
-0.16% Aerospace & Defense, PPA
-0.17% Telecom DJ US, IYZ
-0.17% Semiconductor H, SMH
-0.18% Pacific ex-Japan, EPP
-0.18% OTC Dynamic PS, PWO
-0.19% Value Line Timeliness MidCap Gr, PIV
-0.20% Materials VIPERs, VAW
-0.21% Growth VIPERs, VUG
-0.21% Networking, IGN
-0.26% Consumer Cyclical DJ, IYC
-0.30%Financials Global LargeCap Value, IXG
-0.31% Malaysia Index, EWM
-0.31% Growth LargeCap iS M, JKE
-0.32% Growth EAFE MSCI, EFG
-0.32% Consumer Non-Cyclical, IYK
-0.35% Telecom Services VIPERs, VOX
-0.36% Emerging Markets, EEM
-0.39% Nanotech Lux, PXN
-0.41% Value Large Cap DJ, ELV
-0.43% Growth Mid Cap Dynamic PS, PWJ
-0.43% Pharmaceuticals, PJP
-0.45% Growth 1000 Russell, IWF
-0.45% HealthcareDJ, IYH
-0.45% Building & Construction, PKB
-0.46% Growth LargeCap Russell 3000, IWZ
-0.46% SmallCap Core iS M, JKJ
-0.46% LargeCap Blend Core iS M, JKD
-0.48% Emerging 50 BLDRS, ADRE
-0.50% Growth MidCap 400 B, IJK
-0.50% Short 100% QQQ, PSQ
-0.51% Value 40 Large Low P/E FT DB, FDV
-0.55% Mexico Index, EWW
-0.55% Metals & Mining SPDR, XME
-0.58% Value MidCap Dynamic PS, PWP
-0.58% Utilities, PUI
-0.60% MidCap Blend Core iS M, JKG
-0.60% Lg Cap Growth PSD, PWB
-0.63% Sweden Index, EWD
-0.64% Health Care VIPERs, VHT
-0.65% Pharmaceutical H, PPH
-0.66% Health Care SPDR, XLV
-0.67% Software, PSJ
-0.67% Growth S&P 500, RPG
-0.68% Growth SmallCap iS M, JKK
-0.68% Consumer D. VIPERs, VCR
-0.69% LargeCap Blend S&P=Weight R, RSP
-0.69% SmallCap S&P 600, IJR
-0.70% Emerging VIPERs, VWO
-0.70% IPOs, First Tr IPOX-100, FPX
-0.71% Growth Large Cap, ELG
-0.71% Value MidCap S&P 400, RFV
-0.72% MidCap Growth iS M, JKH
-0.72% Taiwan Index, EWT
-0.73% Growth Small Cap DJ, DSG
-0.74% Growth MidCap Russell, IWP
-0.74% MidCap S&P 400 iS, IJH
-0.74% LargeCap Blend Total Market DJ, IYY
-0.74% DIAMONDS (DJIA), DIA
-0.75% Growth S&P 500/BARRA, IVW
-0.75% Growth SmallCap VIPERs, VBK
-0.78% Value SmallCap VIPERS, VBR
-0.82% MidCap Russell, IWR
-0.82% S&P 500 iS LargeCap Blend, IVV
-0.83% LargeCap Blend Dynamic PS, PWC
-0.83% LargeCap Blend S&P 1500 iS, ISI
-0.86% Global 100, IOO
-0.86% MidCap S&P 400 SPDRs, MDY
-0.86% EAFE Index, EFA
-0.88% Growth BARRA Small Cap 600, IJT
-0.89% LargeCap Blend Socially Responsible iS, KLD
-0.90% Australia Index, EWA
-0.90% Gold SharesS.T., GLD
-0.90% Switzerland Index, EWL
-0.90% Utilities VIPERs, VPU
-0.91% Utilities H, UTH
-0.91% Value LargeCapNYSE 100 iS, NY
-0.92% Healthcare Global, IXJ
-0.93% Value MidCap iS M, JKI
-0.93% LargeCap Blend Russell 3000, IWV
-0.93% LargeCap VIPERs, VV
-0.94% Value EAFE MSCI, EFV
-0.94% LargeCap Blend S&P 100, OEF
-0.94% Europe 100 BLDRS, ADRU
-0.95% SmallCap Russell 2000, IWM
-0.95% Growth MidCap S&P 400, RFG
-0.97% Blend Total Market VIPERs, VTI
-0.97% Biotech SPDR, XBI
-0.97% Value MidCap S&P 400 B, IJJ
-0.98% Small Cap VIPERs, VB
-0.98% Biotech H, BBH
-0.98% LargeCap Rydex Rus Top 50, XLG
-0.99% Utilities SPDR, XLU
-1.00% LargeCap 1000 R, IWB
-1.02% S&P 500 SPDRs LargeCap Blend, SPY
-1.03% LargeCap BlendNYSE Composite iS, NYC
-1.04% Euro STOXX 50, FEZ
-1.04% Growth SmallCap R 2000, IWO
-1.05% Utilities DJ, IDU
-1.06% Value SmallCap Dynamic PS, PWY
-1.07% Developed 100 BLDRS, ADRD
-1.09% Netherlands Index, EWN
-1.10%Micro CapZachs, PZI
-1.11% Value LargeCap Fundamental RAFI 1000, PRF
-1.11% Value Small Cap DJ, DSV
-1.13% Value MidCap Russell, IWS
-1.14% Networking, PXQ
-1.14% Consumer Discretionary SPDR, XLY
-1.14% Wilshire 5000 ST TM, TMW
-1.15% EMU Europe Index, EZU
-1.16% Value SmallCap Russell 2000, IWN
-1.18% Extended Mkt VIPERs, VXF
-1.19% Value LargeCap Dynamic PS, PWV
-1.19% Value SmallCap S&P 600, RZV
-1.19% Europe 350 S&P Index, IEV
-1.21% Value S&P 500 B, IVE
-1.23% MidCap VIPERs, VO
-1.23% France Index, EWQ
-1.24% Oil & Gas, PXJ
-1.24% United Kingdom Index, EWU
-1.26% Microcap Russell, IWC
-1.27% Value VIPERs, VTV
-1.33% Value LargeCap Euro STOXX 50 DJ, FEU
-1.34%Dividend Growth PS, PHJ
-1.35% Biotechnology, IBB
-1.36% Value LargeCap Russell 3000, IWW
-1.36% Commodity Tracking, DBC
-1.41% Value SmallCap S&P 600 B, IJS
-1.42% SmallCap PS Zacks, PZJ
-1.43% Ultra Dow30 Double, DDM
-1.46% Brazil Index, EWZ
-1.48% South Korea Index, EWY
-1.49% Canada Index, EWC
-1.51% Value 1000 Russell, IWD
-1.53% Spain Index, EWP
-1.54% Biotech & Genome, PBE
-1.55% Value SmallCap iS M, JKL
-1.56% Value LargeCap iS M, JKF
-1.60% Oil, Crude, U.S. Oil Fund, USO
-1.67% Value S&P 500, RPV
-1.67% European VIPERs, VGK
-1.68% Dividend SPDR, SDY
-1.72% WilderHill Clean Energy PS, PBW
-1.73% Energy Global, IXC
-1.75% Short 200% QQQ PS, QID
-1.78% Water Resources, PHO
-1.78% Ultra MidCap400 Double, MVV
-1.82% Italy Index, EWI
-1.83% Insurance, PIC
-1.89% Dividend DJ Select, DVY
-2.00% Austria Index, EWO
-2.05% Real Estate US DJ, IYR
-2.09% Ultra S&P500 Double, SSO
-2.15% Dividend Leaders, FDL
-2.21% Energy VIPERs, VDE
-2.21% Belgium Index, EWK
-2.23% Silver Trust iS, SLV
-2.24% REIT VIPERs, VNQ
-2.33% Oil Services H, OIH
-2.34% REIT Wilshire, RWR
-2.38% Natural Resource iS GS, IGE
-2.40% Realty Cohen & Steers, ICF
-2.50% Energy DJ, IYE
-2.51% Energy SPDR, XLE
-2.72% Dividend High Yield Equity PS, PEY
-2.91% Financial DJ US, IYF
-3.00% Energy Exploration & Prod, PXE
-3.11% Financials VIPERs, VFH
-3.25%Capital MarketsKWB ST, KCE
-3.31% Financial SPDR, XLF
-3.73% Financial Services DJ, IYG
-3.84% Internet Infrastructure H, IIH
-3.92% Bank Regional H, RKH
-4.57% Homebuilders SPDR, XHB