The Dow Theory reconfirmed a Primary Tide Bull Market on 11/13/13 when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new closing price highs.
Utilities (XLU) stock sector ETF Relative Strength Ratio (XLU/SPY) broke down below its lows of the previous 9 years on 11/13/13, thereby reconfirming a major downtrend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its lowest levels of the previous 2 months on 11/13/13, thereby confirming its preexisting downtrend.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the previous 2 months on 11/13/13, thereby confirming its preexisting bearish trend.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price fell below its lows of the previous 2 months on 11/13/13, thereby confirming its preexisting bearish trend.
The S&P 500 Composite Index (SPX: 1,782.00, up 0.81%) absolute price opened lower but immediately turned upward and continued to rise most of the day. SPX closed at a new high on Wednesday.
The Cumulative Daily Advance-Decline Line on the NYSE turned up moderately on Wednesday after falling to its lowest level in more than 3 weeks on Tuesday, and thereby signaling a bearish divergence compared to the major price indexes. The Cumulative Up-Down Volume Line also rose. Although both Lines remain systematically bullish above 50- and 200-day day SMAs, both remain well below their recent highs, thereby signaling bearish divergence compared to the major price indexes, which are making higher highs.
Momentum oscillators RSI and MACD based on the S&P 500 turned upward moderately on Wednesday after relatively weak trends over recent weeks. Still, they remain stubbornly and bearishly divergent below previous highs for the year as the S&P 500 rose to higher highs.
Momentum divergences, persistently low trading volume, excessive bullish sentiment, and prospects for continuing dysfunctional political games remain challenges to a sustainable upside trend. The Bull case rests on massive money printing out of thin air and backed by nothing (Fed QE)–forever without end. New stock market price highs mean that the Bull case is winning.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) whipsawed back up above its 50-day SMA on 11/11/13, thereby turning systematically bullish (from neutral).The 50-day SMA has held consistently above the 200-day SMA since 12/16/11. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 62.01, 58.45, 57.31, 56.50, 53.96, 52.32, 51.95, 51.46, 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: none.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) whipsawed back up above its 50-day SMA on 10/18/13, thereby turning systematically bullish (from neutral). Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 48.42, 45.09, 43.93, 42.63, 41.37, 40.90, 40.02, 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: none.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below its lows of the previous 2 months on 11/6/13. XLV/SPY whipsawed back down below its 50-day SMA on 11/4/13, thereby turning systematically neutral again (from bullish). Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 52.14, 49.58, 48.82, 47.18, 46.45, 46.02, 44.22, 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: none.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) 50-day SMA fell below 200-day SMA on 11/8/13, thereby turning systematically bearish (from neutral). Longer term, although the XLF/SPY moderately outperformed from 11/29/11 to 7/22/13, it has substantially underperformed over the past 9 years, since 3/23/04, and the secular trend may be bearish still. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 20.22, 19.48, 19.34, 18.58, 18.48, 17.75, 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 21.04, 24.50, and 28.17.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below its lowest levels of the previous 2 months on 11/5/13. XLB/SPY turned systematically neutral (from bullish) on 10/29/13, when it crossed down below its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 42.34, 41.08, 40.18, 39.96, 39.66, 37.78, 37.10, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 44.36, 45.21, and 46.54.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) broke down below its lows of the previous 2 months on 11/12/13, thereby reconfirming a medium-term downtrend. XLE/SPY turned systematically bearish (from neutral) on 10/23/13 when XLE/SPY whipsawed back down below its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 81.31, 79.83, 78.34, 76.02, 73.51, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 87.62 and 91.42.
Technology (XLK) Neutral, Under Weight. The Relative Strength Ratio (XLK/SPY) turned systematically neutral (from bearish) on 10/29/13 by whipsawing back up above its 50-day SMA. XLK/SPY remains below its 200-day SMA, and the 50 has remained below the 200 consistently since 11/6/12. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral). Support: 33.51, 33.10, 31.38, 31.29, 29.94, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 34.85, 36.40, and 39.07.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) turned systematically neutral (from bearish) on 10/28/13 by whipsawing back up above its 50-day SMA. XLP/SPY has been relatively weak since it peaked on 4/19/13. Absolute price turned systematically bullish (from neutral) on 10/15/13 when it whipsawed back up above its 50-day SMA. Support 42.13, 41.79, 39.56, 39.05, 38.87, 38.20, 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Utilities (XLU) Neutral, Under Weight. The Relative Strength Ratio (XLU/SPY) broke down below its lows of the previous 9 years on 11/13/13, thereby reconfirming a major downtrend. XLU/SPY turned systematically bearish (from neutral) on 11/8/13 by whipsawing back down its 50-day SMA. XLU/SPY has been relatively weak since it peaked on 4/19/13. Absolute price remains below its high at 41.44 set on 4/30/13 and is currently systematically neutral with its 50-day SMA below the 200-day SMA. Support: 38.18, 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 39.61, 39.81, 40.55, 41.44, 41.98, and 44.66.
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Stock Market Indicators
The Dow Theory reconfirmed a Primary Tide Bull Market on 11/13/13 when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new closing price highs.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) rose above its 50-day SMA on 11/12/13, thereby turning systematically bullish (from neutral). Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral).
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below its lows of the previous 2 months on 11/13/13, thereby confirming its preexisting long-term downtrend. BKF/SPY turned systematically bearish (from neutral) on 10/31/13 by whipsawing back down below its 50-day SMA. The 50-day SMA remains below the 200-day SMA. BKF/SPY has underperformed since it peaked on 10/14/2010. Absolute price of BKF also fell below its lows of the previous 2 months on 11/13/13, thereby confirming its preexisting short-term downtrend. Price peaked at 42.29 on 2/1/13, fell to a 20-month low at 32.62 on 6/24/13, and remains stuck in that trading range.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below its lows of the previous 2 months 11/13/13, thereby confirming its preexisting long-term downtrend. EEM/SPY turned systematically bearish (from neutral) on 10/31/13 by whipsawing back down below its 50-day SMA. Long term, the 50-day SMA remains far below the 200-day SMA, and EEM/SPY has underperformed since the ratio peaked on 10/14/2010. This year, absolute price of EEM peaked at 45.34 on 1/2/13, fell to a 19-month low of 36.16 on 6/24/13, and remains stuck in that trading range.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its lowest levels of the previous 2 months on 11/13/13, thereby confirming its preexisting downtrend. For nearly 6 years, from 11/27/07 to 7/9/13, EFA/SPY substantially underperformed, and that secular trend may still be in effect.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) turned systematically neutral (from bearish) on 11/6/13 by rising back up above its 50-day SMA. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other hand, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below its lows of the previous 2 months on 11/7/13, thereby confirming a medium-term downtrend. IWM/SPY turned systematically neutral (from bullish) on 10/30/13 by falling below its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral).
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 6 weeks on 11/7/13, thereby confirming a medium-term downtrend. MDY/SPY turned systematically neutral (from bullish) on 11/5/13 by falling below its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 10/10/13, thereby turning systematically bullish (from neutral).
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price turned systematically bearish (from neutral) on 11/8/13 when it whipsawed back down below its 50-day SMA. Support 104.27, 102.11, 100.00, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 108.73, 109.69, 110.80, 114.77, 118.94, 121.32, 124.26, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) price turned systematically bearish (from neutral) on 11/8/13 when it whipsawed back down below its 50-day SMA. Support 101.00, 98.60, 98.19, 97.66, 91.94, 91.07, 88.12, 87.70, 87.49, 86.59, and 85.80. Resistance: 107.62, 108.24, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) whipsawed back up above its 50-day SMA on 11/1/13, thereby turning systematically bullish (from neutral). Absolute price has been consolidating in a trading range since peaking at 41.95 on 5/8/13.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) has been whipsawing around the 50-day SMA since 7/16/13, going from bearish to neutral and back again. Currently, it is systematically bearish. Absolute price of TIP fell below its 50-day SMA again on 11/8/13, thereby turning systematically bearish (from neutral).
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price whipsawed back up above its 50-day SMA on 11/7/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains in a weak position below its 200- day SMA. UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.07 and 20.84. Resistance 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the previous 2 months on 11/13/13, thereby confirming its preexisting bearish trend. DBA turned systematically bearish (from neutral) on 10/29/13, when it fell below its 50-day SMA. DBA price was in a cyclical bear market for 29 months from a peak at 35.58 on 3/4/11 to a low of 24.36 on 8/2/13.
Crude Oil, United States Oil ETF (USO) price fell below its lows of the previous 4 months on 11/12/13, thereby reconfirming a medium-term downtrend. Price fell below its 50-day SMA on 9/20/13, thereby turning systematically neutral again (from bullish). Support 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 35.61, 37.59, 39.54, 39.64, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price whipsawed back down below its 50-day SMA on 10/31/13, thereby turning systematically bearish again (from neutral). Support: 121.72, 114.68, 113.08 and 102.28. Resistance: 137.62, 143.43, 149.44, 153.85, 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) has stayed systematically bearish most of the time since absolute price peaked at 66.98 on 9/9/11. Longer term, GDX/GLD has remained mostly bearish for more than 7 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price whipsawed back down below its 50-day SMA on 10/31/13, thereby turning systematically bearish again (from neutral). Support 19.83, 18.71, 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 23.84, 25.34, 27.14, 27.35, 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) whipsawed back down below its 50-day SMA on 10/31/13, thereby turning systematically bearish again (from neutral). SLV underperformed GLD substantially for more than 2 years from 4/28/11 to 7/30/13.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price fell below its lows of the previous 2 months on 11/13/13, thereby confirming its preexisting bearish trend. Price whipsawed back down below its 50-day SMA on 11/4/13, thereby turning systematically bearish again (from neutral). Longer term, JJC price was in a persistent downtrend for more than 2 years from its peak of 61.69 on 2/14/11 to its low of 36.87 on 6/24/13. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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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 later revealed to be deal stocks or are the subject of some other extraordinary events, positive or negative.
Bullish Stocks: Rising Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
9.76% , CROX , CROCS Inc., CROX
5.67% , HMA , HEALTH MGMT STK A
3.97% , RHT , Red Hat Inc.
3.38% , AGN , ALLERGAN
3.32% , EL , Estee Lauder
1.05% , PMR , Retail, PMR
6.61% , DDS , DILLARD STK A
0.79% , IXN , Technology Global, IXN
0.26% , GVI , Bond Interm U.S. Gov, GVI
0.71% , IWD , Value 1000 Russell, IWD
1.15% , KSS , KOHLS
2.45% , CBS , CBS CORP.
1.74% , NI , NISOURCE
5.57% , MBI , MBIA
0.97% , IWZ , Growth LargeCap Russell 3000, IWZ
0.57% , VAW , Materials VIPERs, VAW
1.79% , FITB , FIFTH THIRD BANC
2.23% , BAC , BANK OF AMERICA
0.69% , IYE , Energy DJ, IYE
2.33% , ADBE , ADOBE SYS
2.19% , TGT , TARGET
1.07% , IWP , Growth MidCap Russell, IWP
2.28% , BBBY , BED BATH BEYOND
2.16% , HOG , HARLEY DAVIDSON
2.15% , X , US STEEL CORP
1.15% , TMO , THERMO ELECTRON
0.76% , INTU , INTUIT
0.82% , VDC , Consumer Staples VIPERs, VDC
0.57% , ICF , Realty Cohen & Steers, ICF
2.52% , JWN , NORDSTROM
1.56% , SNA , SNAP ON
1.99% , WY , WEYERHAEUSER
1.28% , AET , AETNA
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.81% , CTXS , CITRIX SYSTEMS
-7.32% , NIHD , NII Holdings, Inc.
-1.06% , EPU , Peru MSCI iS, EPU
-2.58% , NUE , NUCOR
-2.49% , RYAAY , Ryanair Holdings plc
-1.21% , GWW , WW GRAINGER
-1.29% , BMY , BRISTOL MYERS
-2.38% , QID , Short 200% QQQ PS, QID
-1.09% , FAST , Fastenal Company
-1.79% , DD , DU PONT
-1.59% , SDS , Short 200% S&P 500 PS, SDS
-0.82% , BDX , BECTON DICKINSON
-0.62% , PNW , PINNACLE WEST
-0.31% , OMC , OMNICOM
-0.52% , WMB , WILLIAMS
-0.34% , IR , INGER RAND
-0.69% , DGX , QUEST DIAG
-0.19% , DTE , DTE ENERGY
-0.33% , EIX , EDISON INTL
-0.10% , ECH , Chile MSCI iS, ECH
-0.16% , ADSK , AUTODESK
-0.15% , MWV , MEADWESTVACO
-0.24% , JNJ , JOHNSON&JOHNSON
-0.14% , RSX , Russia MV, RSX
-0.04% , NOC , NORTHROP GRUMMAN
-0.19% , DHR , DANAHER
-0.15% , MCHP , Microchip Technology Incorporated
-0.77% , EWY , South Korea Index, EWY
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
3.73% , China LargeCap Growth G D H USX PS, PGJ
2.31% , India PS, PIN
2.13% , WilderHill Clean Energy PS, PBW
2.09% , Turkey MSCI iS, TUR
1.82% , India Earnings WTree, EPI
1.58% , Consumer Discretionary SPDR, XLY
1.32% , Homebuilders SPDR, XHB
1.30% , Semiconductor SPDR, XSD
1.25% , Brazil Index, EWZ
1.21% , QQQ Nasdaq 100 Trust, QQQ
1.20% , Mexico Index, EWW
1.13% , Technology DJ US, IYW
1.12% , Growth SmallCap VIPERs, VBK
1.10% , Small Cap VIPERs, VB
1.10% , Info Tech VIPERs, VGT
1.09% , SmallCap Growth Russell 2000 iS, IWO
1.07% , MidCap Growth S&P 400 iS, IJK
1.07% , Growth MidCap Russell, IWP
1.06% , Capital Markets KWB ST, KCE
1.06% , MidCap Blend S&P 400 iS, IJH
1.05% , Oil Fund PowerShares, DBO
1.04% , Thailand MSCI iS, THD
1.00% , MidCap S&P 400 SPDRs, MDY
0.99% , Value SmallCap VIPERS, VBR
0.98% , LargeCap Growth Russell 1000 iS, IWF
0.98% , Growth VIPERs, VUG
0.98% , Indonesia MV, IDX
0.97% , MidCap Value S&P 400 iS, IJJ
0.96% , LargeCap Blend S&P=Weight R, RSP
0.96% , SmallCap Blend Russell 2000 iS, IWM
0.93% , LargeCap Blend Russell 3000 iS, IWV
0.91% , SmallCap Blend S&P 600 iS, IJR
0.90% , MidCap Russell, IWR
0.89% , Energy & Nat Res iS GS, IGE
0.89% , Biotech SPDR, XBI
0.87% , Energy SPDR, XLE
0.86% , Networking, IGN
0.86% , LargeCap VIPERs, VV
0.85% , Technology SPDR, XLK
0.85% , Blend Total Market VIPERs, VTI
0.85% , Financial Services DJ, IYG
0.85% , Financial SPDR, XLF
0.85% , Value LargeCap Dynamic PS, PWV
0.84% , Consumer Staples SPDR, XLP
0.84% , SmallCap Growth S&P 600 iS, IJT
0.84% , Financial DJ US, IYF
0.83% , Metals & Mining SPDR, XME
0.83% , Financials VIPERs, VFH
0.81% , LargeCap Blend Russell 1000 iS, IWB
0.81% , LargeCap Growth S&P 500 iS, IVW
0.80% , Semiconductor iS IGW, SOXX
0.80% , S&P 500 SPDRs LargeCap Blend, SPY
0.80% , Latin Am 40, ILF
0.78% , SmallCap Value Russell 2000 iS, IWN
0.78% , Dividend Appreciation Vipers, VIG
0.78% , LargeCap Blend S&P 500 iS, IVV
0.77% , Oil, Crude, U.S. Oil Fund, USO
0.77% , Value MidCap Russell, IWS
0.76% , Japan Index, EWJ
0.76% , LargeCap Blend S&P 100, OEF
0.73% , Value VIPERs, VTV
0.73% , SmallCap Value S&P 600 iS, IJS
0.72% , Dividend SPDR, SDY
0.72% , REIT Wilshire, RWR
0.71% , Energy VIPERs, VDE
0.71% , Real Estate US DJ iS, IYR
0.71% , LargeCap Value Russell 1000 iS, IWD
0.70% , LargeCap Value S&P 500 iS, IVE
0.70% , Dividend U.S. DJ iS, DVY
0.69% , Dividend High Yield Equity PS, PEY
0.69% , Energy DJ, IYE
0.69% , Netherlands Index, EWN
0.69% , Canada Index, EWC
0.65% , REIT VIPERs, VNQ
0.64% , Water Resources, PHO
0.64% , Energy Global, IXC
0.62% , Basic Materials DJ US, IYM
0.61% , Global LargeCap Blend MSCI iS, ACWI
0.59% , Industrial SPDR, XLI
0.57% , Realty Cohen & Steers, ICF
0.57% , Microcap Russell, IWC
0.56% , Health Care SPDR, XLV
0.55% , Bond Ex-US Treas, BWX
0.55% , Materials SPDR, XLB
0.55% , Global 100, IOO
0.54% , Spain Index, EWP
0.52% , Transportation Av DJ, IYT
0.52% , Emerging 50 BLDRS, ADRE
0.49% , Utilities SPDR, XLU
0.48% , Germany Index, EWG
0.44% , Europe 350 S&P Index, IEV
0.44% , DIAMONDS (DJIA), DIA
0.44% , Commodity Tracking, DBC
0.43% , European VIPERs, VGK
0.42% , Bond, 10 Year Treasury, IEF
0.40% , Utilities VIPERs, VPU
0.40% , Emerging VIPERs, VWO
0.40% , Dividend International, PID
0.39% , Bond, Emerging Mkt JPM iS, EMB
0.38% , EMU Europe Index, EZU
0.38% , Bond, High Yield Corp iBoxx iS, HYG
0.38% , Value EAFE MSCI, EFV
0.37% , Bond, 20+ Years Treasury, TLT
0.36% , SmallCap Blend EAFE MSCI iS, SCZ
0.36% , Pacific VIPERs, VPL
0.35% , South Africa Index, EZA
0.35% , Global ex U.S. LargeCap Blend, ACWX
0.35% , Bond, High-Yield Junk, JNK
0.33% , France Index, EWQ
0.33% , Gold Shares S.T., GLD
0.32% , Foreign LargeCap EAFE MSCI iS, EFA
0.32% , Malaysia Index, EWM
0.31% , Switzerland Index, EWL
0.28% , Growth EAFE MSCI, EFG
0.27% , Dividend ex-U.S. DJ iS, IDV
0.26% , Bond, Intermediate US Aggregate iS, AGG
0.23% , Bond, Long-Term Corp iBoxx iS, LQD
0.20% , Austria Index, EWO
0.20% , Italy Index, EWI
0.19% , Belgium Index, EWK
0.19% , Preferred Stock iS, PFF
0.17% , Sweden Index, EWD
0.17% , Emerging Markets MSCI iS, EEM
0.17% , Bond, TIPS U.S. Treasury iS, TIP
0.10% , Telecom DJ US, IYZ
0.10% , Bond, Muni S&P ATM-Free iS, MUB
0.07% , Singapore Index, EWS
0.05% , Frontier Markets Guggenheim , FRN
0.05% , Hong Kong Index, EWH
0.00% , United Kingdom Index, EWU
0.00% , Financial Preferred, PGF
0.00% , Bond, 1-3 Year Treasury, SHY
0.00% , Bond Treasury Short-Term iS, SHV
-0.10% , Chile MSCI iS, ECH
-0.14% , Russia MV, RSX
-0.20% , Agriculture DB PS, DBA
-0.25% , Pacific ex-Japan, EPP
-0.50% , Taiwan Index, EWT
-0.57% , Australia Index, EWA
-0.77% , South Korea Index, EWY
-0.79% , Bear, Short S&P 500, SH
-1.10% , Silver Trust iS, SLV
-1.11% , China 25 iS, FXI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
none
The S&P 500 Composite Potential Support
1760.64, low of 11/13/2013
1746.20, low of 11/7/2013
1740.50, low of 10/23/2013
1729.86, high of 9/19/2013
1718.27, 50-day SMA
1711.57, high of 10/15/2013
1709.67, high of 8/2/2013
1703.85, high of 9/26/2013
1700.18, high of 8/8/2013
1698.78, high of 7/23/2013
1696.81, high of 8/13/2013
1696.55, high of 10/1/2013
1695.93, low of 10/15/2013
1687.18, high of 5/22/2013
1687.11, low of 9/27/2013
1676.03, low of 7/26/2013
1674.99, low of 9/30/2013
1672.40, high of 9/9/2013
1671.84, low of 7/16/2013
1670.36, low of 10/3/2013
1669.51, high of 8/26/2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1652.62, Fib 38.2% of Jun-Aug 2013
1652.61, low of 8/16/2013
1646.47, low of 10/9/2013
1635.00, Fib 50.0% of Jun-Aug 2013
1634.58, 200-day SMA
1629.05, low of 8/27/2013
1617.38, Fib 61.8% of Jun-Aug 2013
1606.04, Fib 23.6% of Nov-May 2013
1592.29, Fib 78.6% of Jun-Aug 2013
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1515.27, Fib 50% of Nov-May 2013
1485.01, low of 2/26/2013
1474.69, Fib 61.8% of Nov-May 2013
1474.51, high of 9/14/2012
1468.82, Fib 78.6% of 2009-13 range
1451.64, low on 1/8/2013
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
1416.93, Fib 79.6% of Nov-May 2013
1415.32, high of 5/1/2012
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.58, low of 12/28/12
1398.11, low of 12/31/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1343.35, low of 11/16/2012
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1306.62, low of 6/12/2012
1297.39, Fib 61.8% of 2009-13 range
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1244.80, low of 12/7/2011
1239.73, low of 12/1/2011
1238.81, Fibonacci 78.6% of 1,576.09 high
1234.81, low of 11/3/2011
1231.04, high of 12/16/2011
1228.74, Fibonacci 61.8% of 2007-2009 range
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1176.99, Fib 50% of 2009-13 range
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1056.58, Fib 38.2% of 2009-13 range
1074.77, low of 10/4/2011
1014.14, Fibonacci 38.2% of 2007-2009 range
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
907.60, Fib 23.6% of 2009-13 range
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
