S&P 500 Composite (SPX, 1,343.60) rose 2.92 points or 0.22% on Thursday. Morning and afternoon rally attempts fizzled, and SPX closed below its open. NYSE volume fell 6%, revealing lack of following for upside rally attempts. Volume indicators have been bearish for months already. This week of options expiration is coming to a close, apparently on a whimper. Next week may reveal the true trend.
For all the bullish sentiment and bullish news stories (such as better-than-expected earnings and big deal M&A) over the past 3 months, SPX is only slightly higher than it was 3 months ago. Worse, a wide variety of momentum indicators are significantly lower than they were 3 months ago, thereby showing bearish divergence. This suggests exhaustion of the uptrend.
Furthermore, the absolute prices of the major stock price indexes show patterns of lower highs and lower lows since 5/2/11. “Lower highs and lower lows” is the classic definition of a bearish downtrend–still a short-term downtrend at this time.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows on 5/18/11, again reconfirming its preexisting bearish major trend.
Commodities, Oil, Gold, Silver, and Copper attempted but failed to extend their upside probes on Thursday. They remain in price downtrends.
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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 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
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
0.75% , BDH , Broadband H, BDH
7.58% , PETM , PETsMART Inc
1.88% , EWQ , France Index, EWQ
2.90% , DLTR , Dollar Tree Stores Inc
0.72% , PIC , Insurance, PIC
2.51% , BLK , BlackRock Inc.
1.91% , S , SPRINT NEXTEL
2.90% , LO , Lorillard, Inc. LO
2.62% , PMCS , PMC SIERRA
3.18% , TLAB , TELLABS
1.13% , EWI , Italy Index, EWI
0.15% , RZV , Value SmallCap S&P 600, RZV
4.21% , TMO , THERMO ELECTRON
0.33% , RFV , Value MidCap S&P 400, RFV
0.19% , IWW , Value LargeCap Russell 3000, IWW
1.53% , MDP , MEREDITH
2.98% , HOT , STARWOOD HOTELS
2.05% , UNM , UNUMPROVIDENT
0.72% , HHH , Internet H, HHH
0.33% , NYC , LargeCap Blend NYSE Composite iS, NYC
1.55% , ADBE , ADOBE SYS
2.44% , YHOO , YAHOO
1.02% , PEJ , Leisure & Entertainment, PEJ
3.09% , LIZ , LIZ CLAIRBORNE
0.65% , TBH , Telebras HOLDRS, TBH
2.98% , INTU , INTUIT
1.25% , KSU , Kansas City Southern, KSU
2.98% , MAS , MASCO
1.58% , XL , XL CAPITAL STK A
0.64% , JKJ , SmallCap Core iS M, JKJ
1.16% , XRAY , DENTSPLY International Inc
1.56% , RL , Polo Ralph Lauren
2.11% , RYAAY , Ryanair Holdings plc
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-10.52% , BIG , BIG LOTS
-0.33% , XSD , Semiconductor SPDR, XSD
-3.32% , SNPS , Synopsys Inc
-1.89% , AZO , AUTOZONE
-3.78% , KLAC , KLA TENCOR
-1.52% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-3.86% , LTD , LIMITED BRANDS
-0.84% , SOXX , Semiconductor iS IGW, SOXX
-2.62% , SHLD , SEARS HOLDINGS
-0.68% , ADRA , Asia 50 BLDRS, ADRA
-1.21% , LRCX , LAM RESEARCH CORP
-1.04% , LNCR , Lincare Holdings Inc
-0.59% , PPH , Pharmaceutical H, PPH
-0.50% , PSI , Semiconductors, PSI
-1.41% , MTG , MGIC INVESTMENT
-0.55% , XBI , Biotech SPDR, XBI
-0.36% , VPL , Pacific VIPERs, VPL
-1.42% , INTC , INTEL
-1.32% , ROST , Ross Stores Inc
-1.07% , GS , GOLDMAN SACHS
-0.29% , IYH , Healthcare DJ, IYH
-2.04% , NVLS , NOVELLUS SYS
-0.22% , XLV , Health Care SPDR, XLV
-1.46% , EWJ , Japan Index, EWJ
-0.67% , QID , Short 200% QQQ PS, QID
-1.10% , A , AGILENT TECH
-0.85% , ADM , ARCHER DANIELS
-1.03% , WPI , WATSON PHARM
-0.50% , VWO , Emerging VIPERs, VWO
-1.93% , BRCM , BROADCOM STK A
-0.37% , DOG , Short 100% Dow 30, DOG
-0.95% , XME , Metals & Mining SPDR, XME
-0.85% , SMH , Semiconductor H, SMH
9 major U.S. stock sectors ranked in order of long-term relative strength:
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) remains neutral but appears to be heading toward a possible bullish signal in days ahead, based on moving average relationships, with the 50-day SMA of the RS Ratio rising toward the 200-day SMA. Absolute price closed above 3-year highs on 5/12/11 and remains bullish. Support 32.57, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 36.67 and 37.89.
Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) has been consolidating previous gains since 11/26/10 and has added a moderate upward bias in recent weeks. Absolute price rose above 3-year highs on 4/28/11, which is bullish. Support 38.90, 38.46, 36.61, 36.13, 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 41.02.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) has been rising since 2/16/11 but remains neutral, based on moving average relationships, with the rising 50-day SMA of the RS Ratio still below the falling 200-day SMA. Absolute price remains bullish. Support 32.00, 29.64, 28.71, 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) has been falling since 3/30/11 but remains neutral based on moving average relationships. Absolute price has been falling since 3/31/11 but remains neutral based on moving average relationships. Support 72.28, 68.73, 67.49, 65.25, 65.03, 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 80.97, 83.27, and 91.42.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) has been eroding since 4/4/11 but remains neutral, based on moving average relationships. Absolute price fell below its 50-day SMA on 5/17/11 and is neutral. Support 36.24, 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 39.0 and 39.97.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) has been rising since 2/18/11 but remains neutral, based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price rose further above 2-year highs on 5/12/11 and remains bullish. Support 31.35, 31.20, 30.74, 30.53, 29.66, 27.91, 27.44, and 25.76. Resistance 34.89 and 36.24.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below 13-month lows on 4/5/11. The Ratio gave a clear bearish signal on 3/22/11 when the 50-day SMA of the RS Ratio crossed below the 200-day SMA. Absolute price of XLK peaked on 2/18/11 and remains neutral. Support 25.20, 24.87, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 27.09, 27.43, 27.63, and 28.60.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below 7-month lows on 5/17/11 and appears to be heading toward a possible bearish signal in days ahead, based on moving average relationships, with the 50-day SMA of the RS Ratio sliding toward the 200-day SMA. The RS Ratio remains neutral even though it has been falling since 4/5/11. Absolute price has declining since 4/6/11. Support 36.44, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 41.28, 43.04, 45.21, 45.21, and 46.54.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 2-year lows on 5/13/11 and remains bearish. Absolute price fell below 5-month lows on 5/16/11 but remains neutral based on moving average relationships. Support 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 16.75, 16.85, 17.20, and 17.87.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below 7-week lows on 5/13/11 and remains bearish. The Ratio gave a bearish signal on 5/3/11 by crossing below its 50-day SMA. The Ratio remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 5-week lows on 5/13/11. The Ratio gave a bearish signal on 5/11/11 by crossing below its 50-day SMA. The Ratio remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.
NASDAQ Composite/S&P 500 Relative Strength Ratio appears to have entered a downside correction since peaking on 1/18/11 and remains neutral. Absolute price appears to have entered a downside correction since peaking on 4/28/11.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows on 5/18/11, again reconfirming its preexisting bearish major trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) has been in a downside correction since 4/5/11 and remains neutral. The Ratio rose above all-time highs on 4/5/11.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) has been correcting and consolidating major gains since 4/5/11 and remains neutral. The Ratio rose above all-time highs on 4/5/11.
Crude Oil nearest futures contract price fell below the lows of the previous 10 weeks on 5/6/11 and remains in a price downtrend. Support 94.63, 87.09, 83.85, 83.55, 80.28, 80.06, 79.84, 79.25, 78.86, 73.52, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 114.83, 120.42, 130.0, and 147.27.
Gold nearest futures contract price rose fell below the lows of the previous 3 weeks on 5/5/11 and remains in a price downtrend. On 5/2/11, I wrote, ” Gold rose above all-time highs on 5/2/11, again reconfirming its major uptrend. Gold looks overextended, however, and could be due for a downside correction.” Support: 1462.5, 1445.0, 1411.5, 1380.7, 1419.5, 1351.4, 1309.1, 1307.7, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1526.8 and 1577.4.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell further below 15-month lows on 5/13/11, again reconfirming its bearish trend. The Ratio crossed below the 50-day SMA on 4/15/11, remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.
Silver nearest futures contract price fell below 11-week lows on 5/12/11 and remains in a price downtrend. Support 32.3, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 39.47, 49.845 and 50.35.
Silver/Gold Ratio broke down below the lows of the previous 12 weeks on 5/16/11, reconfirming the remarkable downtrend since the peak on 4/28/11.
Copper nearest futures contract price fell below the previous 6-month lows on 5/12/11 and remains in an intermediate-term correction, if not a bear market. Weakness in Copper suggests doubts about the economic outlook. Support 3.8535, 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.533, 4.554, 4.6495, and 4.6575.
U.S. Treasury Bond nearest futures contract price fell below the lows of the previous 3 days before rebounding to recover nearly all the early loss on 5/19/11. The downside probe failed to hold. The Bond rose above the highs of the previous 5 months on 5/17/11, confirming a significant uptrend. The Bond built a 5-month, intermediate-term bullish base since the low of 12/15/10. In its favor, nearly everyone has been talking bearish on Bonds this year, so the Bond is rising up off an extreme oversold condition. Support 120.20, 119.15, 117.28, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 128.00 129.14, 129.27, 132.26, 133.00, 135.12, 135.19, 136.31, 137.31, and 142.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) has been stuck in a neutral trading range most of the time since JNK price peaked at 41.32 on 11/4/10.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below 12-week lows on 5/16/11, again reconfirming a downtrend. TIP/IEF entered a downside correction phase after rising above 2-year highs on 4/8/11. The Ratio had been in a rising trend from 8/24/10 to 4/8/11, reflecting fixed-income investors’ preference for inflation-protected TIPs over the unprotected 7-10 Year U.S. Treasury Note ETF (IEF).
The U.S. dollar nearest futures contract price consolidated gains after rising above the highs of the previous 4 weeks on 5/13/11, again reconfirming a long-overdue oversold bounce. Support 74.945, 72.86 and 70.80. Resistance 76.87, 77.675, 78.98, 79.34, 81.635, 81.935, 82.02, 83.64, 84.73, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 57.3% Bulls versus 15.7% Bears as of 4/6/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear Ratio soared to 3.65, up from 2.23 the previous week. The Ratio rose its highest level in the 8 years since the 20-year high of 3.74 set on 6/18/03. Following that 2003 peak, the stock market turned sideways/choppy for 2 months and sentiment reverted toward the mean. The Ratio’s 20-year range is 0.41 to 3.74, the median is 1.56, and the mean is 1.63. According to Humphrey B. Neill, The Art of Contrary Thinking, when everybody thinks alike, everyone is likely to be wrong.
VIX Fear Index fell below its 3-year range on 4/20/11, hitting 14.30 intraday, and again confirming a preexisting trend toward bullish complacency. This follows a brief spike up to an intraday peak of 31.28 on 3/16/11. Fear was short-lived. 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.
The Dow Theory reconfirmed a Primary Tide Bull Market as of 4/28/11, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above closing price highs of the previous 2-years. The Dow Theory originally signaled the current Primary Tide Bull Market on 7/23/09, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 6 months.
Based on the daily SPX, momentum indicators have turned down and remained bearish. Momentum indicators gave bearish divergence warnings in April; that is, they never made it back to their February peaks when the price indexes rose to higher highs. These bearish divergence warnings are still in effect.
I previously pointed out that the major stock price indexes showed signs of exhaustion and reversal. Sentiment indicators had been suggesting for several weeks that the stock market was over loved and overbought. And in view of May’s dramatic collapse of commodity prices, the so-called “inflation trade” (where speculators buy stocks and sell fixed-income instruments based on expectations of rising price levels) has started to unwind. In addition, the U.S. stock market has entered its worst performing season, May through October.
S&P 500 Composite (SPX, 1,343.60) rose 2.92 points or 0.22% on Thursday 5/19/11.
S&P 500 Cash Index Potential Resistance
1576.09, high of 10/11/2007
1552.76, high of 10/31/2007
1523.57, high of 12/11/2007
1498.85, high of 12/26/2007
1440.24, high of 5/19/2008
1406.32, high of 5/29/2008
1381.50, Fibonacci 78.6% of 2007-2009 range
1370.50, high of 5/2/11
1359.44.50, high of 5/10/11
S&P 500 Cash Index Potential Support
1318.51, low of 5/17/11
1294.70, low of 4/18/11
1249.05, low of 3/16/11
1246.73, high of 12/13/10
1238.81, Fibonacci 78.6% of 1,576.09 high
1235.05, high of 12/7/10
1232.85, low of 12/16/10
1228.74, Fibonacci 61.8% of 2007-2009 range
1227.08, high of 11/5/10
1173.00, low of 11/16/10
1171.70, low of 10/27/10
1166.74, low of 10/20/10
1159.71, low of 10/19/10
1,151.41, low of 10/7/10
1,131.87, low of 10/4/10
1122.79, low of 9/23/2010
1114.63, low of 9/15/2010
1110.88, low of 9/10/2010
1091.15, low of 9/7/2010
1039.70, low of 8/27/10
1039.31, Fibonacci 23.6% of June-Aug. 2010 range
1010.91, low of 7/1/2010
1008.55, Fibonacci 38.2% of 2009-2010 range
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
943.29, Gann 50.0% of 2009-2010 range
878.04, Fibonacci 61.8% of 2009-2010 range
874.17, Gann 62.5% of 2009-2010 range
869.32, low of 7/8/2009
805.17, Gann 75.0% of 2009-2010 range
785.13, Fibonacci 78.6% of 2009-2010 range
666.79, intraday low of 3/6/2009
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.88% France Index, EWQ
1.45% EMU Europe Index, EZU
1.34% Sweden Index, EWD
1.29% Belgium Index, EWK
1.13% Italy Index, EWI
1.11% Netherlands Index, EWN
1.10% Transportation Av DJ, IYT
1.07% European VIPERs, VGK
1.05% Austria Index, EWO
1.00% Germany Index, EWG
0.92% Spain Index, EWP
0.90% Pacific ex-Japan, EPP
0.86% Australia Index, EWA
0.85% Singapore Index, EWS
0.84% Europe 350 S&P Index, IEV
0.73% Dividend International, PID
0.68% Hong Kong Index, EWH
0.67% Russia MV, RSX
0.66% United Kingdom Index, EWU
0.64% Industrial SPDR, XLI
0.58% Value EAFE MSCI, EFV
0.57% EAFE Index, EFA
0.56% Water Resources, PHO
0.56% Consumer Staples SPDR, XLP
0.53% Bond Ex-US Treas, BWX
0.48% Mexico Index, EWW
0.47% Switzerland Index, EWL
0.45% Realty Cohen & Steers, ICF
0.44% Dividend High Yield Equity PS, PEY
0.42% REIT VIPERs, VNQ
0.41% REIT Wilshire, RWR
0.41% Dividend DJ Select, DVY
0.41% Malaysia Index, EWM
0.40% Global ex US ACWI iS, ACWX
0.39% Global 100, IOO
0.39% Value MidCap Russell, IWS
0.38% Dividend SPDR, SDY
0.38% Growth EAFE MSCI, EFG
0.37% DIAMONDS (DJIA), DIA
0.36% Dividend Appreciation Vipers, VIG
0.36% Energy Global, IXC
0.35% South Africa Index, EZA
0.35% Value SmallCap VIPERS, VBR
0.35% Networking, IGN
0.32% Consumer Discretionary SPDR, XLY
0.29% QQQ Nasdaq 100 Trust, QQQ
0.28% Telecom DJ US, IYZ
0.28% LargeCap VIPERs, VV
0.28% Growth VIPERs, VUG
0.27% Value SmallCap S&P 600 B, IJS
0.26% MidCap Russell, IWR
0.26% Growth 1000 Russell, IWF
0.25% LargeCap Blend S&P=Weight R, RSP
0.25% Small Cap EAFE MSCI iS, SCZ
0.24% Blend Total Market VIPERs, VTI
0.24% Growth S&P 500/BARRA, IVW
0.24% S&P 500 SPDRs LargeCap Blend, SPY
0.23% Utilities SPDR, XLU
0.23% Energy DJ, IYE
0.23% Value MidCap S&P 400 B, IJJ
0.23% Utilities VIPERs, VPU
0.22% SmallCap Russell 2000, IWM
0.22% Canada Index, EWC
0.21% MidCap S&P 400 iS, IJH
0.21% Growth MidCap Russell, IWP
0.20% LargeCap 1000 R, IWB
0.20% LargeCap Blend Russell 3000, IWV
0.20% Value LargeCap Dynamic PS, PWV
0.20% Real Estate US DJ, IYR
0.19% S&P 500 iS LargeCap Blend, IVV
0.19% Technology SPDR, XLK
0.19% Indonesia MV, IDX
0.19% Value SmallCap Russell 2000, IWN
0.19% Value S&P 500 B, IVE
0.18% Financials VIPERs, VFH
0.18% Small Cap VIPERs, VB
0.17% Bond, Corp, LQD
0.17% Growth SmallCap R 2000, IWO
0.16% SmallCap S&P 600, IJR
0.16% Capital Markets KWB ST, KCE
0.15% Info Tech VIPERs, VGT
0.15% LargeCap Blend S&P 100, OEF
0.15% Technology DJ US, IYW
0.14% Financial DJ US, IYF
0.14% Energy VIPERs, VDE
0.14% Value VIPERs, VTV
0.13% Growth MidCap 400 B, IJK
0.13% MidCap S&P 400 SPDRs, MDY
0.12% Growth BARRA Small Cap 600, IJT
0.12% Microcap Russell, IWC
0.12% Energy & Nat Res iS GS, IGE
0.12% Value 1000 Russell, IWD
0.12% Growth SmallCap VIPERs, VBK
0.11% Homebuilders SPDR, XHB
0.10% Bond, 10 Year Treasury, IEF
0.09% Silver Trust iS, SLV
0.07% Preferred Stock iS, PFF
0.07% China LargeCap Growth G D H USX PS, PGJ
0.05% Financial Services DJ, IYG
0.03% Gold Shares S.T., GLD
0.01% Energy SPDR, XLE
0.01% Bond, 1-3 Year Treasury, SHY
0.00% Bond Treasury Short-Term iS, SHV
0.00% Financial Preferred, PGF
0.00% Financial SPDR, XLF
-0.03% Materials SPDR, XLB
-0.04% Bond, 20+ Years Treasury, TLT
-0.04% Bond, High-Yield Corporate, HYG
-0.05% China 25 iS, FXI
-0.07% Bond EmrgMkt JPM iS, EMB
-0.07% Bond, Aggregate, AGG
-0.10% Bond, High-Yield Junk, JNK
-0.13% Silver Miners Global X, SIL
-0.21% WilderHill Clean Energy PS, PBW
-0.22% Health Care SPDR, XLV
-0.24% Emerging 50 BLDRS, ADRE
-0.26% Bond, TIPS, TIP
-0.33% Basic Materials DJ US, IYM
-0.33% Semiconductor SPDR, XSD
-0.34% Bond Muni ATM-Free S&P iS, MUB
-0.36% Pacific VIPERs, VPL
-0.40% Frontier Markets Guggenheim , FRN
-0.47% Thailand MSCI iS, THD
-0.50% Emerging VIPERs, VWO
-0.53% Latin Am 40, ILF
-0.54% India PS, PIN
-0.55% Biotech SPDR, XBI
-0.56% Turkey MSCI iS, TUR
-0.56% India Earnings WTree, EPI
-0.64% Taiwan Index, EWT
-0.65% Emerging Markets, EEM
-0.70% Chile MSCI iS, ECH
-0.78% Commodity Tracking, DBC
-0.84% Semiconductor iS IGW, SOXX
-0.95% Metals & Mining SPDR, XME
-1.04% South Korea Index, EWY
-1.09% Oil, Crude, U.S. Oil Fund, USO
-1.15% Brazil Index, EWZ
-1.18% Agriculture DB PS, DBA
-1.30% Oil Fund PowerShares, DBO
-1.46% Japan Index, EWJ
