Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) fell below the lows of the previous 4 months on 3/13/12, which is a bearish sign.
Gold, SPDR Gold Shares ETF (GLD) fell below 7-weeks’ lows and fell below both its 50-day and 200-day SMAs on 3/13/12.
Technology, Consumer Discretionary, Industrial, Financial, Health Care, and Consumer Staples sectors rose above previous price highs.
The S&P 500 Composite (SPX: 1,395.95) rose 1.81% to its highest level in more than 3 years. NYSE trading volume surged 42%.
Most of the gains in price and volume occurred after news of the JPMorgan Chase 20% increase in its dividend and stock buyback. But experience shows that market tops are made on good headline news–just as bottoms are made on bad headline news.
It has been an exceptional few months, but stocks do not normally to go straight up for very long. Odds are stocks will experience the usual ups and downs yet this year. Up big already from the October low, Potential Reward relative to potential Risk appears unattractive for stocks.
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Equity Mutual Funds lost 6% in 2011, according to Lipper Research Services.
Hedge funds lost 5%, according to COO Connect.
Hedge funds suffered their second-worst year on record in 2011, according to an index maintained by Eurekahedge, an independent research firm that specializes in hedge fund data. Some of the world’s largest and best-known hedge funds suffered huge losses, down 20% to 50%.
But not all money managers were down in 2011; 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:
Available by subscription only (click here).
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Stock Market Indicators
The Dow Theory appears to have signaled a Secondary Reaction, or at least a Minor Ripple downside correction, as of 3/6/12, when the Dow-Jones Industrial Average closed below its closing price lows of the previous 4 weeks while the Dow-Jones Transportation Average closed below its closing price lows of the previous 9 weeks. These two Averages previously gave an early warning by diverging after 2/3/12, as the Transports turned weak and failed to confirm higher highs by the Industrials.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above its highs of the previous 5-months on 3/9/12, confirming its rising trend since the low on 12/29/12. The Ratio remains above its 50-day and 200-day SMAs, and the 50-day SMA has remained bullishly above the 200-day SMA every day since 2/24/12. Absolute price of the NASDAQ Composite broke out above its 11-year intraday high of 3000.11 set on 2/29/12.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) whipsawed back above its 50-day SMA on 3/13/12 turning neural again. BKF/SPY remains below its 200-day SMA. Longer term, the bias is bearish because the 50-day SMA has remained below the 200-day SMA every day since 1/13/11.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) whipsawed back above its 50-day SMA on 3/13/12 turning neural again. EEM/SPY remains below its 200-day SMA. Longer term, the bias is bearish because the 50-day SMA has remained below the 200-day SMA every day since 2/3/11.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below its 50-day SMA on 3/9/12. EFA/SPY is bearish below both its 50-day and 200-day SMAs, and with the 50-day SMA below the 200-day SMA consistently every day since 1/14/11.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) rose above its highs of the previous 8 weeks on 3/6/12, reconfirming its preexisting bullish trend. OEX/SPX remains above its 50-day and 200-day SMAs, and the 50-day SMA has remained bullishly above the 200-day SMA every day since 8/25/11. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size. On the other side of the coin, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors prefer riskier and more volatile stocks.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below the lows of the previous 9 weeks on 3/6/12, thereby confirming a relatively weak trend for the medium term. IWM/SPY is technically neutral, below its 50-day SMA and 200-day SMA, but with the 50-day SMA now slightly above the 200-day SMA.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) is neutral, above its 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA every day since 8/24/11.
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Sentiment for Contrary Thinking
Recent sentiment data, detailed below, indicates alarming degrees of optimism and bullish complacency. When the majority of investors has been bullish for some time, we can assume that they are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout. The pendulum of emotion tends to swing too far in one direction, but market mood always reverts to the mean.
ABC News reported on 2/21/12 that 10 out of 10 investment strategists at large firms were bullish. http://abcnews.go.com/watch/world-news-with-diane-sawyer/SH5585921/VD55173505/world-news-221-dow-jones-climbs-past-13000
The Commitment of Traders (COT) report showed that the Commercials (giant corporations with deep pockets) have been buying “risk off” defensive futures contracts, specifically, the U.S. dollar and the ten-year Treasury note. On the other side, trend-following Speculators have been buying “risk on” aggressively bullish contracts, setting a new all-time net-long record in the Nasdaq futures. The unusually large size of Speculators’ positions implies a weak-handed, top-heavy stock market.
AAII Sentiment: There were 51.64% Bulls and 20.19% Bears, according to the AAII weekly survey reported on 2/9/12. This was the highest level of bullish sentiment in more than a year, since 52.34% Bulls on 1/13/11.
Investors Intelligence Sentiment: There were 54.8% Bulls versus 25.8% Bears, according to the Investors Intelligence weekly survey of stock market newsletter advisors reported on 2/15/11. This was the highest level of bullish sentiment since the stock market top in May, 2011.
Investment Newsletters recently were 75% bullish, the highest since near the major top in year 2000, according to Hulbert Digest.
Market Vane’s Bullish Consensus among Advisors and Newsletters rose to 65% Bulls–the same extreme level of optimism recorded at the February 2011 top in the stock market.
Short Selling ETFs were trading the lowest volume since the market top in April, 2011, according to Frank D. Gretz of Wellington Shields & Co.
Corporate insiders have been selling their companies’ stock at the heaviest rate since the market peak in April 2011, according to Mark Hulbert at MarketWatch. Insiders sold 656 shares for each 100 shares they bought, according to Argus Research Vickers Weekly Insider Report. That was a big change in insider behavior from 81 shares sold for each 100 shares bought in November. Since corporate insiders (officers, directors, and largest shareholders) know so much more about their companies than the public can possibly know, it is bearish when insiders sell at such a heavy pace.
NYSE short interest collapsed from a high peak of 16.1 billion shares sold short last September, which coincided with the stock market lows, to 12.5 billion shares sold short in February, which was the lowest level since last April, at the market top. Short interest represents a pool of potential demand for stocks, since short sellers eventually must buy back the shares they borrowed. That pool of demand has been depleted.
VIX Fear Index broke down below the lows of the previous 4 years on 3/13/12, hitting 13.99 intraday, its lowest level since 6/20/07. VIX is down from a peak of 48.00 on 8/8/11: such a large drop indicated a shift away from fear and toward bullish complacency. 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
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
The S&P 500 Composite Potential Support
1381.50, Fibonacci 78.6% of 2007-2009 range
1378.04, high of 2/29/2012
1376.55, Fibonacci 100.0% projection 10/11 range
1370.58, high of 5/2/11
1340.03, low of 3/6/2012
1337.35, low of 2/10/2012
1300.49, low of 1/30/2012
1277.58, low of 1/13/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1260.00, 200-day SMA
1257.46, low of 12/30/11
1257.58, Fibonacci 61.8% of 2011 range
1255.22, high of 12/22/2011
1248.64, low of 12/29/2011
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 11/3/11
1231.04, high of 12/16/11
1226.64, low of 11/9/2011
1222.68, Fibonacci 50% of 2011 range
1224.57, high of 12/19/11
1215.20, low of 12/16/11
1209.47, low of 12/14/2011
1209.43, low of 11/17/2011
1204.49, Fibonacci 23.6% of 2009-11 range
1202.37, low of 12/19/11
1187.77, Fibonacci 38.2% of 2011 range
1158.66, low of 11/25/2011
1144.38, Fibonacci 23.6% of 2011 range
1101.73, Fibonacci 38.2% of 2009-11 range
1074.77, low of 10/4/2011
1039.70, low of 8/27/10
1039.31, Fibonacci 23.6% of June-Aug. 2010 range
1010.91, low of 7/1/2010
1018.69, Fibonacci 50% of 2009-11 range
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
935.64, Fibonacci 61.8% of 2009-11 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
817.40, Fibonacci 78.6% of 2009-11 range
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
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) fell below the lows of the previous 4 months on 3/13/12, which is a bearish sign. TLT remains below its 50-day SMA and above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA every day since 6/24/11. Support 109.82, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance 119.14, 120.91, 121.64, 121.76, 124.02 and 125.03.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) fell below the lows of the previous 3 months on 3/13/12, which is a bearish sign. IEF remains below its 50-day SMA and above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA every day since 6/21/11. Support 103.29, 102.32, 101.36, 101.11, 99.79, and 97.66. Resistance 105.80, 106.49 and 106.66.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) is neutral. JNK/LQD is above its 50-day and 200-day SMAs, but the 50-day SMA has remained bearishly below the 200-day SMA every day since 6/20/11.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) is neutral, above both its 50-day and 200-day SMAs, and with the 50-day SMA rising and close to crossing the 200-day SMA.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) rose above the highs of the previous 7 weeks on 3/13/12. UUP is above both its 50-day and 200-day SMAs. Longer term, the bias is bullish because the 50-day SMA has remained consistently above the 200-day SMA every day since 10/26/11. Support 22.21, 22.01, 21.74, 21.58, 21.07, and 20.84. Resistance 22.34, 22.41, 22.46, 22.85, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) remains technically bearish below both its 50-day SMA and 200-day SMAs, and with the 50-day SMA consistently below the 200-day SMA every day since 8/8/11.
Crude Oil, United States Oil ETF (USO) remains technically bullish above both its 50-day and 200-day SMAs, and with the 50-day SMA above the 200-day SMA consistently every day since 1/3/12. USO has lost much of its upside momentum, however, since hitting its high at 42.30 on 3/1/12, and that could be a warning of potential trend change that bears watching. A breakdown below support at 39.91 would imply risk of a greater downside correction. Support 39.91, 38.51, 36.67, 35.73, 34.54, 32.52, 29.10, 26.28, and 22.74. Resistance 42.30 and 45.60.
Gold, SPDR Gold Shares ETF (GLD) fell below 7-weeks’ lows and fell below both its 50-day and 200-day SMAs on 3/13/12. Longer term, the 50-day SMA has remained bullishly above the 200-day SMA every day since 2/11/09. But beware of any downside reversal that might break down below the low at 161.43 set on 3/13/12, since that could change Gold’s technical position significantly. Support: 161.43, 160.29, 159.68, 158.01, 156.19, 154.55, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 174.00, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below the lows of the previous 3 years on 3/12/12, thereby reconfirming a bearish major trend for the long term. The 50-day SMA has remained bearishly below the 200-day SMA every day since 2/22/11.
Silver, iShares Silver Trust ETF (SLV) fell below the lows of the previous 5 weeks on 3/6/12 in what looks like it could be a minor ABC, 3-wave pullback within a larger uptrend. SLV remains neutral, above its 50-day SMA, below its 200-day SMA, and with the 50-day below the 200-day SMA every day since 10/27/11. Support 31.54, 31.82, 30.67, 28.63, 27.83, 25.65, and 24.44. Resistance: 36.44, 40.23, 41.49, 42.30, 42.78, 44.71 and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) remains neutral, above its 50-day SMA, below its 200-day SMA, and with the 50-day SMA below the 200-day SMA every day since 8/30/11. The 50-200 SMA spread has been narrowing since 1/24/12, however, indicating some loss of bearish momentum. From 12/28/11 to 3/1/12, SLV/GLD rose above its highs of the previous 5 months in what still could become a more extended recovery following an 8-month collapse.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) remains neutral, above both its 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA every day since 8/8/11. JJC remains far below its 2011 high at 61.69 and recently has been lagging the stock market since JJC peaked at 51.41 on 2/9/12. Given that “Dr. Copper” is one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, this underperformance may be suggesting rising doubts about prospects going forward.
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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
3.88% , IXG , Financials Global LargeCap Value, IXG
1.93% , IWW , Value LargeCap Russell 3000, IWW
1.87% , IGN , Networking, IGN
1.63% , PXJ , Oil & Gas, PXJ
4.41% , IYG , Financial Services DJ, IYG
2.99% , CEG , CONSTELL ENERGY
3.10% , PKB , Building & Construction, PKB
1.94% , XLG , LargeCap Rydex Rus Top 50, XLG
2.10% , PEJ , Leisure & Entertainment, PEJ
6.00% , SNI , Scripps Networks Interactive
1.61% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
6.84% , IGT , INTL GAME TECH
1.73% , VBK , Growth SmallCap VIPERs, VBK
2.85% , RZV , Value SmallCap S&P 600, RZV
6.45% , GS , GOLDMAN SACHS
1.36% , PWC , LargeCap Blend Dynamic PS, PWC
5.45% , ADSK , AUTODESK
7.03% , JPM , J P MORGAN CHASE
7.05% , MAS , MASCO
4.48% , USB , US BANCORP
2.21% , RFV , Value MidCap S&P 400, RFV
3.17% , MHS , MEDCO HEALTH
5.78% , WFC , WELLS FARGO
7.34% , CIEN.O , CIENA
3.84% , XLF , Financial SPDR, XLF
4.38% , ZION , ZIONS
1.77% , IWP , Growth MidCap Russell, IWP
6.26% , BAC , BANK OF AMERICA
1.65% , ECH , Chile MSCI iS, ECH
4.42% , STJ , ST JUDE MEDICAL
3.15% , RFMD , RF Micro Devices Inc
3.89% , CTSH , Cognizant Technology Solutions
2.03% , EWU , United Kingdom Index, EWU
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-5.29% , URBN , Urban Outfitters Inc.
-3.52% , DXD , Short 200% Dow 30 PS, DXD
-3.71% , QID , Short 200% QQQ PS, QID
-3.88% , MZZ , Short 200% MidCap 400 PS, MZZ
-3.64% , SDS , Short 200% S&P 500 PS, SDS
-1.69% , IAU , Gold COMEX iS, IAU
-1.68% , GLD , Gold Shares S.T., GLD
-1.76% , TLT , Bond, 20+ Years Treasury, TLT
-1.77% , SH , Short 100% S&P 500, SH
-1.91% , PSQ , Short 100% QQQ, PSQ
-1.32% , APC , ANADARKO PETRO
-1.15% , SLV , Silver Trust iS, SLV
-1.74% , DOG , Short 100% Dow 30, DOG
-1.06% , TLH , Bond 10-20 Year US Treas, TLH
-1.60% , NEM , NEWMONT MINING
-0.67% , TEVA , Teva Pharmaceutical Industries Limited
-1.29% , SIRI , Sirius Satellite
-0.66% , KR , KROGER
-0.24% , COL , ROCKWELL COLLINS
-0.29% , CVS , CVS
-0.26% , MUB , Bond Muni ATM-Free S&P iS, MUB
-0.32% , AZO , AUTOZONE
-0.24% , TIP , Bond, TIPS, TIP
-0.30% , AET , AETNA
-0.46% , PLL , PALL
-1.13% , WAG , WALGREEN
-0.72% , IEF , Bond, 10 Year Treasury, IEF
-0.16% , SVU , SUPERVALU
-0.46% , PPL , PPL
-0.34% , AGG , Bond, Aggregate, AGG
-0.05% , TJX , TJX
-0.07% , PSTL , Steel Global PS ETF, PSTL
-0.06% , SHY , Bond, 1-3 Year Treasury, SHY
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
4.41% Financial Services DJ, IYG
3.84% Financial SPDR, XLF
3.49% Financials VIPERs, VFH
3.42% Capital Markets KWB ST, KCE
3.40% Financial DJ US, IYF
3.24% WilderHill Clean Energy PS, PBW
3.23% Homebuilders SPDR, XHB
3.22% India PS, PIN
3.12% South Korea Index, EWY
2.93% Taiwan Index, EWT
2.91% China 25 iS, FXI
2.87% Emerging 50 BLDRS, ADRE
2.85% Brazil Index, EWZ
2.83% India Earnings WTree, EPI
2.80% Metals & Mining SPDR, XME
2.77% Latin Am 40, ILF
2.72% Emerging Markets, EEM
2.66% Spain Index, EWP
2.56% Emerging VIPERs, VWO
2.41% Hong Kong Index, EWH
2.37% Pacific ex-Japan, EPP
2.36% Value SmallCap S&P 600 B, IJS
2.32% Semiconductor SPDR, XSD
2.25% China LargeCap Growth G D H USX PS, PGJ
2.22% Singapore Index, EWS
2.19% Value SmallCap VIPERS, VBR
2.19% Value S&P 500 B, IVE
2.18% Value SmallCap Russell 2000, IWN
2.18% Semiconductor iS IGW, SOXX
2.18% Realty Cohen & Steers, ICF
2.16% Mexico Index, EWW
2.15% SmallCap S&P 600, IJR
2.15% Sweden Index, EWD
2.14% Value MidCap S&P 400 B, IJJ
2.13% Australia Index, EWA
2.10% Technology DJ US, IYW
2.10% REIT Wilshire, RWR
2.09% Russia MV, RSX
2.08% Industrial SPDR, XLI
2.07% Transportation Av DJ, IYT
2.06% Italy Index, EWI
2.03% United Kingdom Index, EWU
2.02% REIT VIPERs, VNQ
2.02% Info Tech VIPERs, VGT
2.01% Small Cap VIPERs, VB
1.99% Value 1000 Russell, IWD
1.99% SmallCap Russell 2000, IWM
1.98% Technology SPDR, XLK
1.98% Basic Materials DJ US, IYM
1.96% Value VIPERs, VTV
1.95% MidCap S&P 400 SPDRs, MDY
1.94% MidCap S&P 400 iS, IJH
1.92% Microcap Russell, IWC
1.89% LargeCap Blend S&P 100, OEF
1.88% LargeCap Blend S&P=Weight R, RSP
1.87% Value MidCap Russell, IWS
1.87% Networking, IGN
1.86% LargeCap 1000 R, IWB
1.86% QQQ Nasdaq 100 Trust, QQQ
1.85% MidCap Russell, IWR
1.85% Blend Total Market VIPERs, VTI
1.84% LargeCap Blend Russell 3000, IWV
1.84% LargeCap VIPERs, VV
1.84% Growth BARRA Small Cap 600, IJT
1.83% Growth SmallCap R 2000, IWO
1.80% S&P 500 SPDRs LargeCap Blend, SPY
1.80% S&P 500 iS LargeCap Blend, IVV
1.79% Real Estate US DJ, IYR
1.78% Europe 350 S&P Index, IEV
1.78% European VIPERs, VGK
1.77% Growth MidCap 400 B, IJK
1.77% Growth MidCap Russell, IWP
1.76% Global 100, IOO
1.75% Austria Index, EWO
1.74% Value EAFE MSCI, EFV
1.74% Growth VIPERs, VUG
1.73% Growth SmallCap VIPERs, VBK
1.71% DIAMONDS (DJIA), DIA
1.71% Growth 1000 Russell, IWF
1.71% Water Resources, PHO
1.70% Global ex US ACWI iS, ACWX
1.65% Chile MSCI iS, ECH
1.65% Thailand MSCI iS, THD
1.65% Materials SPDR, XLB
1.63% Dividend International, PID
1.62% EAFE Index, EFA
1.61% Small Cap EAFE MSCI iS, SCZ
1.59% Canada Index, EWC
1.57% Biotech SPDR, XBI
1.56% EMU Europe Index, EZU
1.55% Consumer Discretionary SPDR, XLY
1.55% Netherlands Index, EWN
1.48% Growth S&P 500/BARRA, IVW
1.44% France Index, EWQ
1.43% Health Care SPDR, XLV
1.42% Growth EAFE MSCI, EFG
1.42% Dividend Appreciation Vipers, VIG
1.36% Energy DJ, IYE
1.36% Energy VIPERs, VDE
1.34% Turkey MSCI iS, TUR
1.34% Indonesia MV, IDX
1.33% Dividend SPDR, SDY
1.30% Value LargeCap Dynamic PS, PWV
1.28% Energy Global, IXC
1.26% Belgium Index, EWK
1.23% Energy & Nat Res iS GS, IGE
1.22% Germany Index, EWG
1.21% South Africa Index, EZA
1.21% Energy SPDR, XLE
1.20% Dividend High Yield Equity PS, PEY
1.19% Pacific VIPERs, VPL
1.09% Dividend DJ Select, DVY
1.07% Frontier Markets Guggenheim , FRN
0.94% Switzerland Index, EWL
0.90% Japan Index, EWJ
0.85% Telecom DJ US, IYZ
0.81% Bond, High-Yield Junk, JNK
0.74% Consumer Staples SPDR, XLP
0.73% Bond, High-Yield Corporate, HYG
0.69% Malaysia Index, EWM
0.44% Commodity Tracking, DBC
0.34% Utilities SPDR, XLU
0.33% Financial Preferred, PGF
0.33% Preferred Stock iS, PFF
0.32% Agriculture DB PS, DBA
0.30% Oil Fund PowerShares, DBO
0.29% Utilities VIPERs, VPU
0.25% Bond EmrgMkt JPM iS, EMB
0.00% Bond Treasury Short-Term iS, SHV
-0.06% Bond, 1-3 Year Treasury, SHY
-0.24% Bond, TIPS, TIP
-0.26% Bond Muni ATM-Free S&P iS, MUB
-0.28% Bond, Corp, LQD
-0.34% Bond, Aggregate, AGG
-0.40% Bond Ex-US Treas, BWX
-0.72% Bond, 10 Year Treasury, IEF
-0.95% Oil, Crude, U.S. Oil Fund, USO
-1.15% Silver Trust iS, SLV
-1.68% Gold Shares S.T., GLD
-1.76% Bond, 20+ Years Treasury, TLT
-1.77% Bear, Short S&P 500, SH
