Daily Stock Market Commentary – 9-9-08

Stock Market:disorderly market conditions caused by the news.

NASDAQ 100 Index absolute price broke down to a new 5-month low and Relative Strength broke down to a new 4-month low on 9/5/08, indicating substantial trend weakness.

Growth Stock/Value Stock Relative Strength Ratio fell to a new 5-month low.

Seasonal tendencies for the month of September are unfavorable.

Reward/Risk tradeoffs for equities in general still appear unattractive.

U.S. Treasury Bond price rose to another new 5-month closing price high.

The Corporate Bond/Treasury Bond Relative Strength Ratio broke down to another new multi-year low, again confirming a significant shift to safety. Bond investors are seriously concerned about the economic outlook.

The U.S. dollar rose to another new 11-month price high.

On Monday, stocks opened substantially higher, above the previous 2 days’ highs, on a big upside gap. Almost immediately, however, stocks reversed to the downside. Stocks fell to a low around 12:10 p.m., giving up most of the gain. Prices turned choppy going into the afternoon. In the final hour, prices recovered most of way back toward the open to close above the midpoint of the day’s range and well above the closing prices of the previous 2 days. The Standard & Poor’s 500 cash index (1,267.79) closed up 25.48 points, or 2.05%. Total NYSE volume rose 48%, indicating greater interest in trading stocks. The trend for the short term seems dependent on investors’ perception of the changes likely to occur as a result of the U.S. government’s bailout of Fannie Mae and Freddie Mac.

Looking beyond the current disorderly market conditions caused by the news, the established intermediate-term trend for the general stock market is clearly Bearish, technically speaking. Long-term, the S&P 500 has been in a Primary Tide Bear Market since the intraday high of 1,576.09 on 10/11/2007.

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
11.19% , ZION , ZIONS
11.25% , PHM , PULTE HOMES
12.16% , DHI , D.R. HORTON, DHI
14.22% , KBH , KB HOME
9.43% , PMTC.O , PARAMETRIC
10.37% , RF , REGIONS FINAN
2.75% , DSV , Value Small Cap DJ, DSV
1.08% , PWO , OTC Dynamic PS, PWO
13.37% , WB , WACHOVIA
12.13% , STI , SUNTRUST BANKS
3.65% , KCE , Capital Markets KWB ST, KCE
9.50% , XHB , Homebuilders SPDR, XHB
9.47% , BK , BANK OF NEW YORK
10.26% , CTX , CENTEX
6.78% , GNW , GENWORTH FINANCIAL(NYSE:GNW)
10.25% , LEN , Lennar Corp. (LEN)
9.11% , WHR , WHIRLPOOL
7.85% , PRU , PRUDENTIAL FINL
8.99% , COF , CAPITAL ONE FNCL
7.79% , DDS , DILLARD STK A
6.77% , PLD , PROLOGIS TRUST
2.73% , JKF , Value LargeCap iS M, JKF
4.00% , SDY , Dividend SPDR, SDY
2.96% , PHJ , Dividend Growth PS, PHJ
6.85% , NCC , NATIONAL CITY
5.25% , EFX , EQUIFAX
7.41% , FHN , FIRST TENNESSEE
0.83% , VBK , Growth SmallCap VIPERs, VBK
2.27% , VIG , Dividend Appreciation Vipers, VIG
7.76% , BAC , BANK OF AMERICA
7.08% , ODP , OFFICE DEPOT
2.08% , RSP , LargeCap Blend S&P=Weight R, RSP
6.55% , C , CITIGROUP
7.56% , WFC , WELLS FARGO
10.65% , CMA , COMERICA
7.27% , COH , COACH
4.97% , DIS , WALT DISNEY
7.68% , SNV , SYNOVUS
5.99% , HBAN , HUNTINGTON
5.35% , IXG , Financials Global LargeCap Value, IXG

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-89.63% , FNM , FANNIE MAE
-82.75% , FRE , FREDDIE MAC
-0.94% , XSD , Semiconductor SPDR, XSD
-12.65% , LEH , LEHMAN BROS HLDG
-0.97% , PHW , Hardware & Electronics, PHW
-3.51% , WM , WASHINGTON MUT
-6.63% , SOV , SOVEREIGN BANC
-2.54% , PXE , Energy Exploration & Prod, PXE
-5.47% , GOOG , Google
-4.04% , ORCL , ORACLE
-1.80% , PGR , PROGRESSIVE OHIO
-6.57% , HANS , Hansen Natural, HANS
-4.11% , NVDA , NVIDIA
-4.45% , MTG , MGIC INVESTMENT
-5.89% , XME , Metals & Mining SPDR, XME
-4.00% , RIMM , RESEARCH IN MOTION LTD
-1.51% , BSX , BOSTON SCIENT
-3.08% , SIRI , Sirius Satellite
-2.34% , NOVL , NOVELL
-3.74% , BHI , BAKER HUGHES
-3.72% , MZZ , Short 200% MidCap 400 PS, MZZ
-7.31% , FMCN , Focus Media, FMCN
-1.95% , PWER , POWER ONE
-0.87% , GT , GOODYEAR TIRE
-2.92% , QCOM , QUALCOMM
-0.96% , VDE , Energy VIPERs, VDE
-1.41% , RAI , RJR TOBACCO HLDS
-1.84% , IGE , Natural Resource iS GS, IGE
-3.24% , FLR , FLUOR
-0.56% , IXC , Energy Global, IXC
-0.95% , NIHD , NII Holdings, Inc.
-2.14% , EWZ , Brazil Index, EWZ
-2.54% , BJS , BJ SERVICES
-5.43% , STLD , Steel Dynamics, STLD
-3.64% , EOG , EOG RESOURCES
-1.41% , AAPL , APPLE COMPUTER
-3.71% , HAL , HALLIBURTON
-2.47% , MBI , MBIA
-2.43% , DOG , Short 100% Dow 30, DOG
-2.37% , BRCM , BROADCOM STK A

Sectors: among the 9 major U.S. sectors, 7 rose and 2 fell.
Major Sectors Ranked for the Day
% Price Change, Sector ETF, Symbol
4.52% Consumer Discretionary SPDR, XLY
4.32% Financial SPDR, XLF
2.51% Utilities SPDR, XLU
2.12% Consumer Staples SPDR, XLP
1.66% Health Care SPDR, XLV
1.60% Industrial SPDR, XLI
1.21% Technology SPDR, XLK
-0.19% Materials SPDR, XLB
-0.69% Energy SPDR, XLE

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):

Consumer Staples (XLP) Neutral, Market Weight. On 9/8/08, XLP /SPY Relative Strength Ratio rose to another new 5-year high, again confirming that the long-term trend is up. On 9/8/08, XLP absolute price rose to a new 8-month high, indicating significant price trend strength.

Health Care (XLV) Neutral, Market Weight. On 8/19/08, the XLV/SPY Relative Strength Ratio moved up to a new 7-month high, confirming an intermediate-term upside correction.

Consumer Discretionary (XLY) Bearish, Underweight. On 7/15/08, XLY absolute price fell to its lowest level in 5 years. Since 1/5/05, the XLY/SPY Relative Strength Ratio has underperformed substantially.

Industrial (XLI) Bearish, Underweight. On 9/5/08, the XLI absolute price fell to a new 7-week low, indicating intermediate-term trend weakness.

Utilities (XLU) Bearish, Underweight. On 9/5/08, the XLU absolute price fell to a new 23-month low, indicating significant trend weakness.

Technology (XLK) Bearish, Underweight. On 9/5/08, the XLK absolute price fell to a new 6-month low, indicating significant trend weakness.

Materials (XLB) Bearish, Underweight.On 9/5/08, the XLB absolute price fell to a new 7-month low, indicating significant trend weakness.

Energy (XLE) Bearish, Underweight. On 9/5/08, the XLE absolute price fell to a new 7-month low, indicating significant trend weakness.

Financial (XLF) Bearish, Underweight. On 7/15/08, the XLF absolute price and the XLF/SPY Relative Strength Ratio both fell to their lowest level in 8 years, again confirming a Bearish Primary Tide Trend. Since 3/23/04, the XLF/SPY Relative Strength Ratio has underperformed substantially.

Foreign stock index EFA Relative Strength Ratio fell to a new 34-month low on 9/5/08 and has been in a falling trend since 5/23/08. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite remains Bearish. On 9/5/08, absolute price broke down to a new 7-week low, indicating intermediate-term trend weakness. Relative Strength Ratio has been in a declining trend since 8/14/08.

NASDAQ 100 Index absolute price broke down to a new 5-month low and Relative Strength broke down to a new 4-month low on 9/5/08, indicating substantial trend weakness.

Growth Stock/Value Stock Relative Strength Ratio fell to a new 5-month low on 9/8/08. The short-term trend remains down. Longer term, this ratio (IWF/IWD) has been in an uptrend since 8/8/06, and it rose to a new 4-year high on 7/15/08.

The Small Cap/Large Cap Relative Strength Ratio has been consolidating since making a 2-year high on 8/14/08. The long-term trend has been Bullish most of the time since 4/8/99.

Crude Oil futures contract price stabilized after hitting a new 5-month low last week. The short-term and intermediate-term trends are Bearish, but the long-term trend still might be Bullish. 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 futures contract price consolidated losses with an Inside Day (lower high and higher low). Gold’s short-term trend remains Bearish. Gold has been in an intermediate-term downtrend since the peak of 1033.90 on 3/17/08. Gold has been in a long-term uptrend since 8/25/1999.

Gold Mining stocks continue to underperform Gold futures on a major trend basis.

U.S. Treasury Bond futures contract price rose to another new 5-month closing price high. The short-term trend remains Bullish. Bonds have been in an intermediate-term uptrend since 6/13/08. Long term, Bonds have been in a neutral sideways trend since June 2003.

iShares iBoxx $ InvestGrade Corp Bond (LQD) ETF fell again. On 9/8/08, LQD/TLT Relative Strength Ratio broke down to another new multi-year low, again confirming that the short-term, intermediate-term, and long-term trends all are Bearish. Bond investors are seriously concerned about the economic outlook.

iShares Lehman TIPS Bond (TIP) ETF fell again. On 9/4/08, TIP/TLT Relative Strength Ratio broke down to a new multi-year low, again confirming that the short-term, intermediate-term, and long-term trends all are Bearish. Bond investors are not concerned about the inflation outlook.

The U.S. dollar rose to another new 11-month price high. The short-term and intermediate-term trends remain Bullish, but the long-term trend still might be Bearish.

The Art of Contrary Thinking: Traders need to be extremely nimble to keep up with rapid changes in the mass mood. The business and financial news has flipped from fear to hope and back again this year, creating higher levels of volatility. Investors might be wise to focus on risk control.

Sentiment/Contrary Opinion: There were 37.8% Bulls versus 40.0% Bears as of 9/3/2008, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio fell to 0.95, down from 1.00 the previous week. The low of 0.57 on 7/16/08 was the lowest level of the ratio since 1994. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47.

VIX Fear Index, now at 22.64, still indicates relatively low Fear since the peak at 28.48 on 7/14/08. Previously, 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 27.42, still indicates relatively low Fear since the peak at 33.20 on 7/14/08. 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 0.78, 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 0.94, 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 3.16.

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 and seem likely to stay weak over the next several months.

The Dow Theory confirmed a Primary Tide 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.

The breadth of the market has been in a relatively Bearish trend long term since June 2007. The number of New Lows has exceeded the number of New Highs most days for more than a year, since July 2007, and that is one sign of a Bear Market. On 7/15/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 20-month lows, so major breadth trends remain Bearish.

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 (1,267.79):

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
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15 high of 8/11/2008

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 (1,267.79):

Potential Support
1,200.44, low of 7/15/2008
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
9.50% Homebuilders SPDR, XHB
6.47% Bank Regional H, RKH
6.30% South Korea Index, EWY
5.71% Dividend High Yield Equity PS, PEY
5.35% Financials Global LargeCap Value, IXG
4.89% Ultra Dow30 Double, DDM
4.86% Value S&P 500, RPV
4.71% Financial Services DJ, IYG
4.70% Dividend Leaders, FDL
4.68% Realty Cohen & Steers, ICF
4.52% Consumer Discretionary SPDR, XLY
4.34% Dividend DJ Select, DVY
4.33% REIT Wilshire, RWR
4.32% Financial SPDR, XLF
4.32% REIT VIPERs, VNQ
4.32% Real Estate US DJ, IYR
4.30% Financial DJ US, IYF
4.13% Ultra S&P500 Double, SSO
4.03% Financials VIPERs, VFH
4.00% Taiwan Index, EWT
4.00% Dividend SPDR, SDY
3.98% Retail H, RTH
3.77% Internet B2B H, BHH
3.73% Value SmallCap S&P 600, RZV
3.71% Australia Index, EWA
3.65% Capital Markets KWB ST, KCE
3.63% Pacific ex-Japan, EPP
3.59% Singapore Index, EWS
3.54% Consumer D. VIPERs, VCR
3.39% Retail, PMR
3.35% Ultra MidCap400 Double, MVV
3.33% Value SmallCap iS M, JKL
3.27% Leisure & Entertainment, PEJ
3.10% Consumer Cyclical DJ, IYC
3.07% Value S&P 500 B, IVE
3.04% Value SmallCap Russell 2000, IWN
2.96% Dividend Growth PS, PHJ
2.93% Value MidCap iS M, JKI
2.89% Belgium Index, EWK
2.87% Value 1000 Russell, IWD
2.80% Value SmallCap S&P 600 B, IJS
2.78% Value VIPERs, VTV
2.75% Value Small Cap DJ, DSV
2.73% Value LargeCap iS M, JKF
2.67% Japan LargeCap Blend TOPIX 150, ITF
2.65% Value MidCap S&P 400, RFV
2.61% Telecom DJ US, IYZ
2.60% Value SmallCap VIPERS, VBR
2.60% Value LargeCap Russell 3000, IWW
2.60% Pharmaceutical H, PPH
2.60% Value MidCap Russell, IWS
2.54% South Africa Index, EZA
2.51% Utilities SPDR, XLU
2.50% DIAMONDS (DJIA), DIA
2.48% United Kingdom Index, EWU
2.47% Japan Index, EWJ
2.42% Telecom H, TTH
2.41% LargeCap Blend S&P 100, OEF
2.40% SmallCap S&P 600, IJR
2.40% Dividend International, PID
2.39% Pacific VIPERs, VPL
2.39% Value SmallCap Dynamic PS, PWY
2.38% Telecommunications & Wireless, PTE
2.37% Value Large Cap DJ, ELV
2.34% Telecom Services VIPERs, VOX
2.32% Value EAFE MSCI, EFV
2.30% Asia 50 BLDRS, ADRA
2.28% Value LargeCap NYSE 100 iS, NY
2.27% Value LargeCap Dynamic PS, PWV
2.27% Dividend Appreciation Vipers, VIG
2.26% Nanotech Lux, PXN
2.24% EAFE Index, EFA
2.19% LargeCap Blend Core iS M, JKD
2.19% Value LargeCap Fundamental RAFI 1000, PRF
2.17% LargeCap Rydex Rus Top 50, XLG
2.15% Utilities H, UTH
2.15% Utilities VIPERs, VPU
2.15% Value MidCap Dynamic PS, PWP
2.15% Sweden Index, EWD
2.15% Dividend Achievers PS, PFM
2.12% Consumer Staples SPDR, XLP
2.09% Consumer Non-Cyclical, IYK
2.08% LargeCap Blend S&P=Weight R, RSP
2.08% Consumer Staples VIPERs, VDC
2.08% Utilities DJ, IDU
2.07% S&P 500 SPDRs LargeCap Blend, SPY
2.06% LargeCap VIPERs, VV
2.06% S&P 500 iS LargeCap Blend, IVV
2.04% Value MidCap S&P 400 B, IJJ
2.02% Utilities, PUI
1.99% Hong Kong Index, EWH
1.99% Pharmaceuticals, PJP
1.97% Micro Cap Zachs, PZI
1.96% Wilshire 5000 ST TM, TMW
1.96% Global 100, IOO
1.95% LargeCap Blend S&P 1500 iS, ISI
1.91% Food & Beverage, PBJ
1.90% Health Care VIPERs, VHT
1.89% Insurance, PIC
1.89% Healthcare DJ, IYH
1.88% LargeCap Blend Russell 3000, IWV
1.84% LargeCap 1000 R, IWB
1.80% Mexico Index, EWW
1.79% Microcap Russell, IWC
1.76% Industrial LargeCap Blend DJ US, IYJ
1.75% Small Cap VIPERs, VB
1.74% Blend Total Market VIPERs, VTI
1.73% MidCap S&P 400 SPDRs, MDY
1.72% Europe 350 S&P Index, IEV
1.71% Growth BARRA Small Cap 600, IJT
1.66% Health Care SPDR, XLV
1.66% Value LargeCap Euro STOXX 50 DJ, FEU
1.61% LargeCap Blend Total Market DJ, IYY
1.60% Spain Index, EWP
1.60% Industrial SPDR, XLI
1.56% LargeCap Blend NYSE Composite iS, NYC
1.56% Emerging VIPERs, VWO
1.54% Aerospace & Defense, PPA
1.51% European VIPERs, VGK
1.49% Internet Architecture H, IAH
1.49% SmallCap Core iS M, JKJ
1.49% Industrials VIPERs, VIS
1.49% SmallCap PS Zacks, PZJ
1.47% MidCap S&P 400 iS, IJH
1.45% France Index, EWQ
1.42% Developed 100 BLDRS, ADRD
1.38% Europe 100 BLDRS, ADRU
1.37% Emerging 50 BLDRS, ADRE
1.36% MidCap Russell, IWR
1.36% EMU Europe Index, EZU
1.34% MidCap Blend Core iS M, JKG
1.33% Global Titans, DGT
1.32% Italy Index, EWI
1.30% Growth SmallCap R 2000, IWO
1.27% Building & Construction, PKB
1.26% LargeCap Blend Dynamic PS, PWC
1.24% Emerging Markets, EEM
1.24% Growth SmallCap Dynamic PS, PWT
1.23% Growth S&P 500/BARRA, IVW
1.22% Euro STOXX 50, FEZ
1.21% Technology SPDR, XLK
1.21% Short 200% QQQ PS, QID
1.20% China 25 iS, FXI
1.20% Austria Index, EWO
1.18% Water Resources, PHO
1.17% SmallCap Russell 2000, IWM
1.17% LargeCap Blend Socially Responsible iS, KLD
1.12% MidCap VIPERs, VO
1.11% Extended Mkt VIPERs, VXF
1.08% OTC Dynamic PS, PWO
1.07% Growth VIPERs, VUG
1.07% Internet H, HHH
1.03% Transportation Av DJ, IYT
0.99% Growth S&P 500, RPG
0.96% Growth 1000 Russell, IWF
0.93% Growth EAFE MSCI, EFG
0.91% Telecommunications Global, IXP
0.89% Growth Small Cap DJ, DSG
0.83% Growth SmallCap VIPERs, VBK
0.82% Germany Index, EWG
0.81% Value 40 Large Low P/E FT DB, FDV
0.80% Growth LargeCap Russell 3000, IWZ
0.79% Growth SmallCap iS M, JKK
0.77% Networking, IGN
0.76% Growth Large Cap, ELG
0.75% Software, PSJ
0.71% Growth LargeCap NASDAQ Fidelity, ONEQ
0.70% Software, IGV
0.68% Growth MidCap Russell, IWP
0.67% Malaysia Index, EWM
0.66% Networking, PXQ
0.65% Growth MidCap 400 B, IJK
0.63% Bond, Aggregate, AGG
0.62% Short 100% QQQ, PSQ
0.62% Info Tech VIPERs, VGT
0.53% Healthcare Global, IXJ
0.51% Technology Global, IXN
0.45% Software H, SWH
0.45% Switzerland Index, EWL
0.42% Technology GS, IGM
0.42% Bond, 20+ Years Treasury, TLT
0.41% Technology DJ US, IYW
0.39% Bond, TIPS, TIP
0.38% Netherlands Index, EWN
0.38% Growth MidCap S&P 400, RFG
0.35% Growth LargeCap iS M, JKE
0.19% Semiconductor H, SMH
0.17% Bond, Corp, LQD
0.16% Value Line Timeliness MidCap Gr, PIV
0.13% Lg Cap Growth PSD, PWB
0.08% Technology MS sT, MTK
0.01% Bond, 10 Year Treasury, IEF
-0.05% Bond, 1-3 Year Treasury, SHY
-0.10% IPOs, First Tr IPOX-100, FPX
-0.12% MidCap Growth iS M, JKH
-0.15% Oil, Crude, U.S. Oil Fund, USO
-0.15% Gold Shares S.T., GLD
-0.19% Materials SPDR, XLB
-0.21% Biotech & Genome, PBE
-0.22% Commodity Tracking, DBC
-0.24% Biotechnology, IBB
-0.32% Growth LargeCap NASDAQ 100, QQQQ
-0.35% Latin Am 40, ILF
-0.35% Semiconductors, PSI
-0.42% Biotech SPDR, XBI
-0.56% Energy Global, IXC
-0.60% Semiconductor iS GS, IGW
-0.60% Energy DJ, IYE
-0.67% Silver Trust iS, SLV
-0.69% Energy SPDR, XLE
-0.69% Materials VIPERs, VAW
-0.70% Growth Mid Cap Dynamic PS, PWJ
-0.94% China LargeCap Growth G D H USX PS, PGJ
-0.94% Semiconductor SPDR, XSD
-0.96% Energy VIPERs, VDE
-0.97% Hardware & Electronics, PHW
-1.13% Ultra QQQ Double, QLD
-1.24% Short 100% MidCap 400, MYY
-1.27% Canada Index, EWC
-1.28% Biotech H, BBH
-1.72% Internet Infrastructure H, IIH
-1.81% Broadband H, BDH
-1.82% WilderHill Clean Energy PS, PBW
-1.84% Natural Resource iS GS, IGE
-1.87% Basic Materials DJ US, IYM
-2.14% Brazil Index, EWZ
-2.16% Short 100% S&P 500, SH
-2.38% Oil & Gas, PXJ
-2.39% Oil Services H, OIH
-2.43% Short 100% Dow 30, DOG
-2.54% Energy Exploration & Prod, PXE
-3.72% Short 200% MidCap 400 PS, MZZ
-4.31% Short 200% S&P 500 PS, SDS
-4.74% Short 200% Dow 30 PS, DXD
-5.89% Metals & Mining SPDR, XME