Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 6 months on 3/15/13, again confirming a medium-term downtrend. EEM/SPY remains systematically neutral but appears to be rapidly heading toward a bearish cross of the 50-day SMA below the 200-day SMA. Price peaked at 45.34 on 1/2/13 and is systematically neutral.
U.S. major stock price indexes stalled on Friday, following “overbought” but unusually persistent uptrends. The S&P 500 (SPX: 1,560.70) finished down 0.16%, the Nasdaq Composite Index ended unchanged, the Dow Jones Industrial Average lost 0.17%, and the Dow Jones Transportation Average fell 0.14%. Breadth was mildly negative, with 1897 Advances and 2075 Declines. Volume on the NYSE rose 44% to a level 52% above its 200-day SMA, reflecting position adjustments due to quarterly expiration of options and futures on the third Friday of the month.
Although most major stock price indexes remain in obvious uptrends, many daily price momentum oscillators have been diverging bearishly, under the surface, while price indexes rose to new highs. Momentum oscillators have remained below their 2011-2012 highs and below their highs of late January. For example, RSI(14) based on the S&P 500 Index, now at 68.21, peaked at 74.46 on 1/29/13. MACD(12,26,9), now at 16.08, peaked at 17.88 on 1/29/13. Bearishly diverging momentum is a problem because momentum is a leading indicator of price.
Investors Intelligence Sentiment confirms that stock market newsletter advisors are extremely bullish. The percentage of Bulls rose to 54.7% as of 2/6/13, while the percentage of Bears plunged to 18.8% as of 3/13/13. That was the fewest Bears since 5/11/11, in the early days of the 19% correction into the S&P 500 low of 1074.77 low on 10/4/11. Advisors are more bullish than they were at the S&P 500 high of 1,474.51 on 9/14/2012, just before a 9% downside correction into the 1343.35 low of 11/16/2012.
VIX Fear Index fell to 11.05 on 3/14/13, its lowest level since 2007, the year of the major top before the bear market of 2008. VIX indicates no fear and may be telling us to be careful.
The Art of Contrary Thinking has been calling for questioning overwhelming bullish sentiment. Objective investor sentiment data clearly has demonstrated extremely high degrees of optimism and bullish complacency, matching or exceeding extremes at past market price tops. The pendulum of emotion tends to swing too far in one direction, but the market mood always reverts to the mean–eventually. Sentiment extremes are a leading indicator of price.
Our clients’ separately managed accounts made gains in 6 of the past 7 consecutive quarters; see:
Robert W. Colby Asset Management, Inc. (click here).
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) whipsawed back above its 50-day SMA on 3/4/13, thereby turning systematically bullish again. Longer term, although the XLF/SPY has moderately outperformed for nearly 4 years, since 3/6/09, it has substantially underperformed since 3/23/04, and the secular trend may be bearish still. Absolute price turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 2/21/12. Support: 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: 18.51, 20.70, 24.50, and 28.17.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) whipsawed back above its 50-day SMA on 2/27/13, thereby turning systematically bullish again. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/16/11. Support: 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.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) turned systematically bullish again on 1/24/13, when it whipsawed back above its 50-day SMA. XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically bullish on 1/2/13, when it rose above its 50-day SMA. Support: 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.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) has been systematically bullish most of the time since 12/26/12, when the 50-day SMA crossed above the 200-day SMA. Absolute price remains systematically bullish, with the 50-day SMA above the 200-day SMA since 8/24/12. Support: 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.
Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) whipsawed up above its 50-day SMA on 3/14/13, thereby turning systematically bullish again. Still, XLE has been lagging since 2/14/13. Absolute price turned systematically bullish on 12/31/12, when it rose above its 50-day SMA. Support: 75.46, 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: 80.97, 83.27, and 91.42.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) has been systematically neutral most of the time over the past year, with XLP performing about in line with the SPY, while absolute price has stayed mostly bullish. Support: 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.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below 5-month’s lows on 2/25/13, after falling below its 50-day SMA on 2/5/13 and thereby turning systematically neutral. XLB absolute price has been systematically bullish most of the time since 12/11/12. Support: 37.35, 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: 40.04, 40.20, 40.72, 41.28, 43.04, 45.21, and 46.54.
Utilities (XLU) Neutral, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below its lows of the previous 20 months on 1/17/13. Although currently slightly into the neutral zone above the 50-day SMA, XLU/SPY has stayed systematically bearish most of the time since 9/19/12 and could easily turn bearish again. Absolute price is systematically bullish. Support: 37.12, 36.78, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.54, 41.98, and 44.66.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below its lows of the previous 20 months on 3/13/13, again confirming its established systematically bearish major trend. XLK absolute price rose above its highs of the previous 4 months on 3/14/12 and is systematically bullish. Support: 29.21, 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: 30.51, 31.22, 31.74, 32.00, 34.85, 36.40, and 39.07.
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Stock Market Indicators
The Dow Theory confirmed a Primary Tide Bull Market on 2/19/13, when both Dow-Jones Industrial and Transportation Averages closed above their closing price highs of the previous 5 years.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY)fell below its lows of the previous 19 months on 3/14/13. QQQ/SPY turned systematically bearish on 11/7/12, when the 50-day SMA fell below the 200-day SMA.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 5 months on 3/13/13, again confirming a medium-term downtrend. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. BKF/SPY remains systematically neutral. Price peaked at 42.29 on 2/1/13 and is systematically neutral.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 6 months on 3/15/13, again confirming a medium-term downtrend. EEM/SPY remains systematically neutral but appears to be rapidly heading toward a bearish cross of the 50-day SMA below the 200-day SMA. Price peaked at 45.34 on 1/2/13 and is systematically neutral.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 4 months on 3/13/13, again confirming a medium-term downtrend. EFA/SPY remains systematically neutral.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) turned systematically neutral on 3/15/13 when it crossed above its 50-day SMA. 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. On the other hand, Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. Price rose to a new closing price high on 3/14/13, confirming its preexisting uptrend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. Price rose to a new closing price high on 3/14/13, confirming its preexisting uptrend.
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Sentiment for Contrary Thinking
Investor sentiment data indicates high degrees of optimism and bullish complacency, matching extremes in September, 2012, when many stock price indexes hit a peak and reversed to the downside. Elevated levels of optimism are bearish because when the majority is extremely bullish, investors are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout.
Investor sentiment is at extremes. BofA’s Bull & Bear Index shows that investors are more bullish than they were in 99% of periods since 2002. The BofA Merrill Lynch Short-term Sentiment Index has registered a sell signal.
The CFTC’s Commitments of Traders report for stock indexes showed smart professionals selling heavily to dumb speculators. Large commercial hedging firms enjoy an enormous inside informational advantage over speculators, who are usually wrong at major market turning points, according to Steve Briese, bullishreview.com. The current maximum bearish reading indicates that a major top is brewing and next move should be down big, possibly to SPX 1074.77, the low of 10/4/2011.
Large speculators held a record net-long position in futures and options contracts on the NASDAQ 100, according to the CFTC’s Commitment of Traders report. Large Speculators, which are mainly hedge funds, are trend-followers, and their aggregate position usually becomes extreme near market reversals.
Small traders just moved to their largest net-long position since the stock market highs in May, 2011, according to The Elliott Wave Financial Forecast.
Commercials hold their largest net-short position in 3.5 years, according to The Elliott Wave Financial Forecast.
SentimentTrader.com noted that 67% of the “dumb money” was bullish, compared to 29% of the “smart money”. At such readings in the past, the stock market suffered a 3% to 8% downside correction spread out over a few weeks.
Put/Call Ratios signal a bearish turning point. The CBOE Equity Put/Call Ratio (which includes only options traded on individual stocks, while excluding options on indexes) fell to 53 on 1/3/13. This matched the 53 reading at the S&P 500 peak on 9/14/12, which was immediately followed by a 9% downside shakeout.
Market Vane’s Bullish Consensus survey shows extreme optimism. The percentage of stock market bulls surged to 70% recently, the highest since June 2007.
AAII Sentiment shows that individual investors are extremely bullish. As of 1/24/13, there were 52.34% bulls, 23.39% neutral, and 24.27% bears. This is the highest percentage of bulls in more than 2 years, since 1/13/11.
Investors Intelligence Sentiment confirms that stock market newsletter advisors are extremely bullish. The percentage of Bulls rose to 54.7% as of 2/6/13, while the percentage of Bears plunged to 18.8% as of 3/13/13. That was the fewest Bears since 5/11/11, in the early days of the 19% correction into the S&P 500 low of 1074.77 low on 10/4/11. Advisors are more bullish than they were at the S&P 500 high of 1,474.51 on 9/14/2012, just before a 9% downside correction into the 1343.35 low of 11/16/2012.
Hulbert Nasdaq Sentiment at record extremes. The current reading of 87.5 is the highest levels in many years. It is up from a low of -39 in November, 2012.
Corporate insiders are extremely bearish, and history shows that insiders are usually right. Insiders sold 9.20 shares for each share bought in January 2013, the most since July 2011, just before a downside shakeout. That is up from 1.54-to-1 in November 2012 and up from a 20-year average of 3.41-to-1. This data is compiled by Vickers Weekly Insider Report, published by Argus Research.
NYSE Margin Debt rose 32% over the past year to $364 billion–the highest level since year 2007, when stocks topped out and began a major bear market. Net Free Credits at -$77.2 million indicate that cash balances in margin accounts are at levels that could trigger forced selling if stock prices turn down.
Short interest in stocks listed on NYSE and Nasdaq both fell 5%, to 12.9 billion and 7.2 billion, respectively, in December. A decline in short interest means less potential demand for stocks from short covering.
Investors are all in, fully invested. The current reading of 104% long is the most bullish sentiment since the beginning of the survey in 2006 by the National Association of Active Investment Managers. This beats the previous extreme at 83%, which was recorded at the October 2007 stock market top.
The Credit Suisse Fear Barometer indicates the most bullish sentiment in its 19-year history. This indicator compares the cost of S&P 500 3-month out-of-the-money calls relative to the cost of puts.
Government money-market fund assets fell to record lows.Investors are so confident in stock market uptrend that they see little need to keep cash in highly-liquid, government-guaranteed instruments.
Investors poured a record $77.4 billion into stocks in January 2013. TrimTabs reported that this amount exceeded the previous record of $53.7 billion invested in February, 2000, very near the major top that year.
VIX Fear Index fell to 11.05 on 3/14/13, its lowest level since 2007, the year of the major top before the bear market of 2008. VIX indicates no fear and may be telling us to be careful. 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 S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1565.15, highest close on 10/9/2007
1563.32, high of 3/14/2013
The S&P 500 Composite Potential Support
1556.77, high of 3/12/2013
1552.87, high of 3/27/2000
1552.76, high of 10/31/2007
1548.24, low of 3/12/2013
1507.70, 50-day SMA
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1463.76, low of 1/15/2013
1451.64, low on 1/8/13
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
1423.60, 200-day SMA
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
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
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
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 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
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT)price remains systematically bearish below the 50-day SMA and 200-day SMA. Various technical oscillators, such as RSI and MACD, show losses of downside momentum and bullish divergences since 2/1/13. Support 114.62, 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 119.67, 120.70, 123.71, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF)price remains systematically bearish below the 50-day SMA and 200-day SMA. IEF formed a technical base after hitting an “oversold” low at 105.56 on 2/1/13 and successfully testing that low 3 times. Various technical oscillators, such as RSI and MACD, show losses of downside momentum and bullish divergences since 2/1/13. Support 105.56, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 107.38, 108.07, 108.15, 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 3/5/13, thereby turning systematically bullish again. JNK/LQD has been neutral for most of the past 3 years, and it seems questionable whether this long-term trend is changing in any sustainable way.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) whipsawed back up above its 50-day SMA on 3/8/13, thereby turning systematically bullish again. Longer term, TIP/IEF has been neutral for most of the past 3 years. Absolute price of TIP peaked at 123.44 on 12/6/12 and currently is systematically neutral–although likely to turn bearish in days ahead.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price rose above its highs 6-months on 3/13/13, after closing above its 200-day SMA on 2/21/13. UUP turned systematically neutral on 2/7/13, when it rose above its 50-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.38, 22.15, 21.53, 21.07, and 20.84. Resistance 22.64, 22.78, 22.96, 23.14, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA)price fell below its lows of the previous 7 months on 3/6/13, again confirming its major bearish trend. Price turned systematically bearish on 1/11/13 when the 50-day SMA crossed down below the 200-day SMA.
Crude Oil, United States Oil ETF (USO) price turned systematically neutral on 2/21/13. Longer term, USO has been mostly bearish since peaking at 119.17 on 7/11/08. Support 32.16, 31.00, 29.02, 26.28, and 22.74. Resistance 33.75, 35.53, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 8 months on 2/20/13 and appears to be consolidating losses in more recent weeks. Price turned systematically bearish on 2/22/13, when the 50-day SMA fell below the 200-day SMA. Longer term, GLD has been mostly bearish since peaking at 185.85 on 9/6/11. Support: 150.84, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 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) turned systematically bearish again on 12/27/12, when the 50-day SMA crossed below the 200-day SMA. Longer term, GDX/GLD has remained mostly bearish for more than 6 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price fell below its lows of the previous 6 months on 2/20/13 and appears to be consolidating losses in more recent weeks. Price turned systematically bearish on 3/1/13, when the 50-day SMA fell below the 200-day SMA. Longer term, SLV has been mostly bearish since peaking at 48.35 on 4/28/11. Support 27.35, 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 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) fell below its lows of the previous 6 months on 2/28/13. SLV/GLD remains neutral below both its falling 50-day SMA and its falling 200-day SMA.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC)fell below its lows of the previous 3 months on 3/6/13, again confirming a medium-term downtrend. JJC remains systematically neutral, below the 50-day SMA and 200-day SMA. JJC has been consolidating losses between 38.99 and 51.41 since 10/5/11. Longer term, JJC has been mostly bearish since peaking at 61.69 on 2/14/11. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, so price weakness of Copper implies a weak economic outlook.
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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
7.19% , CNP , CENTERPNT ENERGY
4.42% , RSH , RADIOSHACK
3.80% , BAC , BANK OF AMERICA
3.34% , RFMD , RF Micro Devices Inc
2.65% , MNST , Monster Beverage, MNST
2.80% , EXC , EXELON CORP
3.33% , WFC , WELLS FARGO
2.17% , SWY , SAFEWAY
5.41% , ZEUS , Olympic Steel, ZEUS
2.69% , DISH , EchoStar Communications
1.87% , NOC , NORTHROP GRUMMAN
1.79% , LLL , L-3 COMMS HLDGS
1.60% , ITW , ILLINOIS TOOL
2.58% , AAPL , APPLE COMPUTER
1.13% , APOL , APOLLO GROUP
0.93% , TLAB , TELLABS
2.53% , NOV , NATIONAL OILWELL VARC0
1.03% , ITT , ITT INDS
2.50% , ETR , ENTERGY
4.25% , CECO , CAREER EDUCATION CORP
1.09% , AXP , AMERICAN EXPRESS
1.25% , COF , CAPITAL ONE FNCL
1.06% , RTN , RAYTHEON
1.08% , EWL , Switzerland Index, EWL
2.14% , BA , BOEING
1.47% , FITB , FIFTH THIRD BANC
1.57% , BHI , BAKER HUGHES
0.35% , DELL , DELL
0.43% , NIHD , NII Holdings, Inc.
0.52% , CTAS , CINTAS
0.89% , HOG , HARLEY DAVIDSON
1.10% , KEY , KEYCORP
1.14% , WPO , Washington Post
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.15% , KLAC , KLA TENCOR
-2.36% , BBT , BB&T
-2.40% , QCOM , QUALCOMM
-1.78% , DISCA , Discovery Communications
-2.71% , AMAT , APPLIED MATERIAL
-2.10% , ADI.O , ANALOG DEVICES
-1.33% , EWT , Taiwan Index, EWT
-2.58% , EL , Estee Lauder
-2.85% , ABT , ABBOTT LABS
-1.52% , RHI , ROBERT HALF
-1.67% , EWY , South Korea Index, EWY
-1.61% , YHOO , YAHOO
-1.15% , PXE , Energy Exploration & Prod, PXE
-1.92% , JPM , J P MORGAN CHASE
-3.25% , MU.O , MICRON TECH
-1.79% , LRCX , LAM RESEARCH CORP
-1.83% , LLTC , LINEAR TECH
-1.16% , NTRS , NORTHERN TRUST
-1.17% , TWX , TIME WARNER INC
-1.17% , T , AT&T Corp., T
-1.32% , SNPS , Synopsys Inc
-0.80% , MOLX , MOLEX
-0.98% , WMT , WAL MART STORES
-2.41% , CSC , COMPUTER SCIENCE
-2.38% , EA.O , ELECTRONIC ARTS
-0.71% , HSY , HERSHEY FOODS
-1.27% , SIRI , Sirius Satellite
-1.32% , SYK , STRYKER
-0.97% , GRMN , GARMIN LTD
-1.56% , ISIL , INTERSIL CORP
-0.46% , PEJ , Leisure & Entertainment, PEJ
-0.63% , RPG , Growth S&P 500, RPG
-3.31% , VIA.O , VIACOM INC. (New)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.58% , Australia Index, EWA
1.35% , Turkey MSCI iS, TUR
1.08% , Switzerland Index, EWL
1.05% , Thailand MSCI iS, THD
0.95% , Japan Index, EWJ
0.73% , Metals & Mining SPDR, XME
0.71% , Pacific VIPERs, VPL
0.70% , Utilities VIPERs, VPU
0.64% , Pacific ex-Japan, EPP
0.64% , Indonesia MV, IDX
0.58% , Oil Fund PowerShares, DBO
0.57% , Sweden Index, EWD
0.54% , Oil, Crude, U.S. Oil Fund, USO
0.52% , Financial Services DJ, IYG
0.52% , Bond Ex-US Treas, BWX
0.49% , Canada Index, EWC
0.47% , Bond, 20+ Years Treasury, TLT
0.43% , Water Resources, PHO
0.43% , Dividend ex-U.S. DJ iS, IDV
0.38% , Growth EAFE MSCI, EFG
0.37% , SmallCap Blend EAFE MSCI iS, SCZ
0.35% , Bond, 10 Year Treasury, IEF
0.34% , Financials VIPERs, VFH
0.27% , Belgium Index, EWK
0.24% , Dividend U.S. DJ iS, DVY
0.23% , REIT VIPERs, VNQ
0.22% , Commodity Tracking, DBC
0.21% , SmallCap Value S&P 600 iS, IJS
0.21% , Gold Shares S.T., GLD
0.20% , Foreign LargeCap EAFE MSCI iS, EFA
0.18% , Financial DJ US, IYF
0.16% , Germany Index, EWG
0.15% , SmallCap Value Russell 2000 iS, IWN
0.15% , Bond, Muni S&P ATM-Free iS, MUB
0.13% , Bond, Long-Term Corp iBoxx iS, LQD
0.13% , Bond, TIPS U.S. Treasury iS, TIP
0.13% , Bear, Short S&P 500, SH
0.10% , Russia MV, RSX
0.10% , Value SmallCap VIPERS, VBR
0.09% , Bond, Intermediate US Aggregate iS, AGG
0.08% , Bond, Emerging Mkt JPM iS, EMB
0.07% , Preferred Stock iS, PFF
0.07% , Bond, High-Yield Junk, JNK
0.07% , Basic Materials DJ US, IYM
0.05% , MidCap Value S&P 400 iS, IJJ
0.05% , Netherlands Index, EWN
0.04% , Real Estate US DJ iS, IYR
0.04% , Bond, 1-3 Year Treasury, SHY
0.02% , SmallCap Blend S&P 600 iS, IJR
0.00% , Bond Treasury Short-Term iS, SHV
0.00% , Energy & Nat Res iS GS, IGE
0.00% , Italy Index, EWI
0.00% , Silver Trust iS, SLV
-0.01% , Bond, High Yield Corp iBoxx iS, HYG
-0.02% , Value EAFE MSCI, EFV
-0.02% , Energy Global, IXC
-0.03% , Financial SPDR, XLF
-0.04% , LargeCap Value Russell 1000 iS, IWD
-0.04% , Global LargeCap Blend MSCI iS, ACWI
-0.05% , Value VIPERs, VTV
-0.05% , SmallCap Blend Russell 2000 iS, IWM
-0.07% , Global ex U.S. LargeCap Blend, ACWX
-0.07% , Energy VIPERs, VDE
-0.07% , Realty Cohen & Steers, ICF
-0.09% , Dividend International, PID
-0.10% , European VIPERs, VGK
-0.11% , Transportation Av DJ, IYT
-0.11% , Austria Index, EWO
-0.11% , Blend Total Market VIPERs, VTI
-0.11% , LargeCap Blend S&P 500 iS, IVV
-0.14% , LargeCap Blend Russell 1000 iS, IWB
-0.14% , Value MidCap Russell, IWS
-0.14% , Small Cap VIPERs, VB
-0.15% , EMU Europe Index, EZU
-0.15% , LargeCap Value S&P 500 iS, IVE
-0.16% , MidCap Blend S&P 400 iS, IJH
-0.17% , LargeCap Blend S&P 100, OEF
-0.17% , Microcap Russell, IWC
-0.17% , Europe 350 S&P Index, IEV
-0.18% , LargeCap VIPERs, VV
-0.19% , Dividend High Yield Equity PS, PEY
-0.20% , LargeCap Growth Russell 1000 iS, IWF
-0.20% , Technology DJ US, IYW
-0.20% , Utilities SPDR, XLU
-0.21% , LargeCap Growth S&P 500 iS, IVW
-0.21% , SmallCap Growth S&P 600 iS, IJT
-0.21% , LargeCap Blend Russell 3000 iS, IWV
-0.22% , Singapore Index, EWS
-0.22% , Energy DJ, IYE
-0.22% , WilderHill Clean Energy PS, PBW
-0.25% , Growth VIPERs, VUG
-0.26% , Spain Index, EWP
-0.28% , MidCap Russell, IWR
-0.28% , Frontier Markets Guggenheim , FRN
-0.31% , SmallCap Growth Russell 2000 iS, IWO
-0.31% , France Index, EWQ
-0.31% , Growth SmallCap VIPERs, VBK
-0.32% , India Earnings WTree, EPI
-0.32% , China LargeCap Growth G D H USX PS, PGJ
-0.33% , Materials SPDR, XLB
-0.33% , Value LargeCap Dynamic PS, PWV
-0.34% , Global 100, IOO
-0.34% , Homebuilders SPDR, XHB
-0.35% , DIAMONDS (DJIA), DIA
-0.36% , Info Tech VIPERs, VGT
-0.36% , Industrial SPDR, XLI
-0.36% , MidCap Growth S&P 400 iS, IJK
-0.37% , India PS, PIN
-0.41% , MidCap S&P 400 SPDRs, MDY
-0.43% , Dividend Appreciation Vipers, VIG
-0.47% , LargeCap Blend S&P=Weight R, RSP
-0.47% , Growth MidCap Russell, IWP
-0.48% , REIT Wilshire, RWR
-0.51% , QQQ Nasdaq 100 Trust, QQQ
-0.52% , Brazil Index, EWZ
-0.52% , Energy SPDR, XLE
-0.54% , Financial Preferred, PGF
-0.57% , S&P 500 SPDRs LargeCap Blend, SPY
-0.61% , Agriculture DB PS, DBA
-0.62% , Biotech SPDR, XBI
-0.62% , Capital Markets KWB ST, KCE
-0.63% , Networking, IGN
-0.63% , South Africa Index, EZA
-0.64% , Health Care SPDR, XLV
-0.68% , Consumer Discretionary SPDR, XLY
-0.70% , Telecom DJ US, IYZ
-0.71% , Emerging 50 BLDRS, ADRE
-0.73% , Dividend SPDR, SDY
-0.76% , United Kingdom Index, EWU
-0.80% , Technology SPDR, XLK
-0.83% , Latin Am 40, ILF
-0.83% , Emerging VIPERs, VWO
-0.83% , Malaysia Index, EWM
-0.85% , China 25 iS, FXI
-0.90% , Emerging Markets MSCI iS, EEM
-0.92% , Chile MSCI iS, ECH
-0.94% , Consumer Staples SPDR, XLP
-1.26% , Hong Kong Index, EWH
-1.33% , Taiwan Index, EWT
-1.52% , Mexico Index, EWW
-1.53% , Semiconductor SPDR, XSD
-1.63% , Semiconductor iS IGW, SOXX
-1.67% , South Korea Index, EWY
