S&P 500 Composite (SPX, 1,314.16) fell 10.30 points or 0.78% on Tuesday 4/12/11. SPX gapped lower on the open and fell further to a 10-day low at 10:57 a.m. ET. Stock prices recovered, but only slightly, by the close, which was below the closes of the previous 10 trading days and below the widely-followed 50-day simple moving average. Tuesday was the biggest down day in nearly 4 weeks. Trading volume on the NYSE rose 23%, suggesting increased selling pressure. Last week, the minor short-term trend became overbought and lost upside momentum, and now that short-term trend appears to have turned down.
Energy SPDR stock sector ETF Relative Strength Ratio (XLE/SPY) crossed below its 50-day simple moving average, thereby turning neutral. In addition, absolute price of XLE crossed below its 50-day simple moving average.
Consumer Staples SPDR stock sector ETF Relative Strength Ratio (XLP/SPY) rose above 3-month highs 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 above 12-year highs and remains bullish.
Health Care SPDR stock sector ETF Relative Strength Ratio (XLV/SPY) rose above 3-month highs but remains neutral based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA.
The U.S. dollar price fell below the lows of the previous 15 months, again reconfirming a long-term, major downtrend.
U.S. Treasury Bond price rose above previous 3-day highs, possibly suggesting a short-term bounce.
Crude Oil, Gold, Silver, and Copper fell below previous lows, possibly signaling pullbacks, downside corrections.
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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
4.63% , PPL , PPL
0.26% , PBJ , Food & Beverage, PBJ
3.07% , EIX , EDISON INTL
2.22% , LM , LEGG MASON
7.41% , TYC , TYCO INTL
2.87% , HGSI , Human Genome Sciences Inc
2.11% , AET , AETNA
1.00% , DOG , Short 100% Dow 30, DOG
0.93% , MYY , Short 100% MidCap 400, MYY
1.89% , CTB , COOPER TIRE
2.04% , MZZ , Short 200% MidCap 400 PS, MZZ
2.40% , TGT , TARGET
0.67% , BWX , Bond Ex-US Treas, BWX
1.14% , CL , COLGATE
1.77% , AZO , AUTOZONE
1.53% , CCL , CARNIVAL STK A
1.49% , NTAP , NETWK APPLIANCE
1.36% , ATI , ALLEGHENY TECH
0.47% , PMR , Retail, PMR
2.26% , COH , COACH
0.86% , SHLD , SEARS HOLDINGS
1.33% , WMT , WAL MART STORES
2.11% , VRSN , VeriSign Inc
0.56% , IEF , Bond, 10 Year Treasury, IEF
3.10% , MON , MONSANTO
1.20% , CPB , CAMPBELL SOUP
1.87% , DXD , Short 200% Dow 30 PS, DXD
1.03% , USB , US BANCORP
1.26% , R , RYDER SYSTEM
1.69% , RSH , RADIOSHACK
1.58% , SDS , Short 200% S&P 500 PS, SDS
0.78% , SH , Short 100% S&P 500, SH
0.80% , PEP , PEPSICO
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.07% , PSTL , Steel Global PS ETF, PSTL
-3.21% , IGT , INTL GAME TECH
-1.15% , EWN , Netherlands Index, EWN
-2.05% , ADRE , Emerging 50 BLDRS, ADRE
-2.00% , EWD , Sweden Index, EWD
-2.94% , VDE , Energy VIPERs, VDE
-0.80% , SDY , Dividend SPDR, SDY
-0.52% , FDV , Value 40 Large Low P/E FT DB, FDV
-2.26% , PXN , Nanotech Lux, PXN
-0.97% , IGM , Technology GS, IGM
-3.43% , PXJ , Oil & Gas, PXJ
-2.45% , BDH , Broadband H, BDH
-6.02% , AA , ALCOA
-2.88% , IGE , Energy & Nat Res iS GS, IGE
-1.45% , VAW , Materials VIPERs, VAW
-2.77% , ERIC.O , LM Ericsson Telephone Company
-4.38% , NE , NOBLE
-3.34% , PXE , Energy Exploration & Prod, PXE
-0.61% , DVY , Dividend DJ Select, DVY
-3.00% , RSX , Russia MV, RSX
-3.09% , XLE , Energy SPDR, XLE
-3.70% , NOV , NATIONAL OILWELL VARC0
-3.69% , COP , CONOCOPHILLIPS
-3.08% , BRCM , BROADCOM STK A
-3.34% , CVX , CHEVRONTEXACO
-5.04% , TER , TERADYNE
-2.85% , SUN , SUNOCO
-1.52% , DBA , Agriculture DB PS, DBA
-4.39% , FAST , Fastenal Company
-3.05% , EOG , EOG RESOURCES
-3.07% , MRO , MARATHON OIL
-2.28% , EWZ , Brazil Index, EWZ
-4.54% , APC , ANADARKO PETRO
9 major U.S. stock sectors ranked in order of long-term relative strength:
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) crossed below its 50-day simple moving average on 4/12/11, thereby turning neutral. In addition, absolute price of XLE crossed below its 50-day simple moving average on 4/12/11, thereby turning neutral. Support 72.85, 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) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose above 12-year highs on 4/4/11 and remains bullish. Absolute price rose above 2-year highs on 4/1/11 and remains bullish. Support 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 38.22, 39.02, and 39.97.
Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) appears to be in a 8-week trading range and remains neutral. Absolute price also remains neutral. Support 38.83, 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 39.79, 40.02, 40.13, and 40.70.
Materials (XLB) Bullish, Over Weight. The Relative Strength Ratio (XLB/SPY) rose above 2-year highs on 4/5/11 and remains bullish. Absolute price rose above 2-year highs on 4/5/11 and remains bullish. Support 38.78, 38.06, 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.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above 3-month highs on 4/12/11 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 above 12-year highs on 4/12/11 and remains bullish. Support 29.64, 28.71, 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) rose above 3-month highs on 4/12/11 but remains neutral based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price remains bullish. Support 33.23, 32.57, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 33.60 33.74, 34.15, 34.71, 36.61, and 37.89.
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 fell below 14-week lows on 3/16/11 and remains neutral. Support 24.87, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 26.24, 26.66, 27.09, 27.43, 27.63, and 28.60.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 3-month lows on 3/31/11 and remains bearish. Absolute price broke down below 10-week lows on 3/16/11 and remains neutral. Support 15.79, 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.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below the lows of the previous 7 weeks on 4/11/11 and remains bearish. Absolute price broke down below 3-month lows on 3/16/11 and remains neutral. Support 31.20, 30.74, 30.53, 29.66, 27.91, 27.44, and 25.76. Resistance 32.26, 32.89, 33.00, 34.89, and 36.24.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) remains neutral, with the 50-day SMA below the 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) remains neutral, with the 50-day SMA below the 200-day SMA.
NASDAQ Composite/S&P 500 Relative Strength Ratio remains neutral between its 50-day SMA and 200-day SMA. NASDAQ Composite has been moderately underperforming the S&P 500 since 1/18/11.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows on 4/5/11, again reconfirming its preexisting bearish major trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above all-time highs on 4/5/11, thereby reconfirming its preexisting bullish major trend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs on 4/5/11, thereby reconfirming its preexisting bullish major trend.
Crude Oil nearest futures contract price fell below the lows of the previous 7 trading days on 4/12/11, confirming a pullback, downside correction. Support 102.70, 97.02, 96.22, 95.14, 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 113.46, 120.42, 130.0, and 147.27.
Gold nearest futures contract price fell below the lows of the previous 4 trading days on 4/12/11, confirming a pullback, downside correction. Support 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: 1478.0.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) remains neutral, with the 50-day SMA below the 200-day SMA.
Silver nearest futures contract price fell below the lows of the previous trading day on 4/12/11, possibly signaling a pullback, downside correction. Support 39.12, 37.08, 36.43, 33.565, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 41.975 and 50.35.
Silver/Gold Ratio rose above 27-year highs on 4/8/11, again reconfirming its preexisting bullish major trend.
Copper nearest futures contract price fell below the lows of the previous 2 trading days on 4/12/11, confirming a pullback, downside correction. Copper appears to be in an intermediate-term consolidation since peaking at 4.6575 on 2/15/11. Strength in Copper suggests confidence in the economic outlook, while weakness suggests doubts. Support 4.212, 4.076, 3.9795, 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 rose above previous 3-day highs on 4/12/11, possibly suggesting a short-term bounce. The Bond tested and held Friday’s low of 117.28 on Monday, on 4/11/11, a mildly encouraging sign. But the bond broke down below the lows of the previous 6 weeks on 4/8/11, again confirming a downtrend for the larger 4-week trend. The 9-week trend appears uncertain. Support 117.28, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 120.31, 122.08, 123.22, 123.26, 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 peaking on 2/8/11.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose further above 2-year highs on 4/8/11. The Ratio has been in a rising trend since making a low on 8/24/10. This rising Relative Strength Ratio reflects fixed-income investors’ preference for inflation-protected TIPs over the unprotected 7-10 Year U.S. Treasury Note ETF (IEF) since 8/24/10.
The U.S. dollar nearest futures contract price fell below the lows of the previous 15 months on 4/12/11, again reconfirming a long-term, major downtrend. Support 74.27 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 now stands at 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.
VIX Fear Index fell below its 7-week range on 4/11/11, hitting 16.22 intraday, and again confirming a return to 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 4/4/11, 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. While other Dow Theorists were fooled by the big downside Secondary Reaction in May and June 2010 and called a “Bear Market”, my interpretation of the Dow Theory has been steadily Bullish on the Primary Tide Trend every day since 7/23/09.
The SPX and other large cap indexes failed to close above closing price highs of the previous 2-years and, therefore, did not confirm the recent 2-year highs (set on 4/4/11) for the Dow-Jones Industrials and Transports, both of which are now trading below their February highs, casting doubt on the validity of the recent upside range breakout.
Volume remained at low levels as price rebounded from its low of 3/16/11, possibly reflecting trader hesitation to chase prices higher.
Financial stocks have been underperforming over the past 3 months, suggesting possible trouble in that key sector.
Many stock price patterns from the low of 3/16/11 resemble Bearish Rising Wedges, which are unsustainable countertrend rallies against the larger trends.
The latest survey of Advisory Service Sentiment from Investors Intelligence shows bullish opinion at the upper extreme of its 20-year range, which is bearish according to the Art of Contrary Opinion. When the majority is already very bullish, we can assume that the majority is already fully invested in the market and there are relatively few potential buyers, so prices are likely to go down.
The short-term trend (which changes very frequently, every few days to every few weeks) had been up for 3 weeks from 3/16/11 to 4/6/11, driven by short covering, general expectations of rising corporate profits, and merger activity. This is typical late-cycle behavior. After two years of bull trend that has doubled stock prices from their 2009 lows, it is only prudent to focus on protecting your capital.
S&P 500 Composite (SPX, 1,314.16) fell 10.30 points or 0.78% on Tuesday 4/12/11. SPX gapped lower on the open and fell further to a 10-day low at 10:57 a.m. ET. Stock prices recovered, but only slightly, by the close, which was below the closes of the previous 10 trading days and below the widely-followed 50-day simple moving average. Tuesday was the biggest down day in nearly 4 weeks. Trading volume on the NYSE rose 23%, suggesting increased selling pressure. Last week, the minor short-term trend became overbought and lost upside momentum, and now that short-term trend appears to have turned down.
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
1366.59, high of 6/17/2008
1344.07, high of 2/18/11
1339.46, high of 4/8/11
1323.74, Fibonacci 78.6% of 2011 range
S&P 500 Cash Index Potential Support
1305.26, low of 3/29/11
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
1.08% Bond, 20+ Years Treasury, TLT
0.67% Bond Ex-US Treas, BWX
0.56% Bond, 10 Year Treasury, IEF
0.51% Bond, TIPS, TIP
0.48% Thailand MSCI iS, THD
0.44% Transportation Av DJ, IYT
0.41% Turkey MSCI iS, TUR
0.38% Bond, Aggregate, AGG
0.35% Bond, Corp, LQD
0.33% Consumer Staples SPDR, XLP
0.20% Japan Index, EWJ
0.17% Bond Muni ATM-Free S&P iS, MUB
0.17% Bond, 1-3 Year Treasury, SHY
0.04% Switzerland Index, EWL
0.03% Bond Treasury Short-Term iS, SHV
-0.03% Realty Cohen & Steers, ICF
-0.12% Health Care SPDR, XLV
-0.13% Consumer Discretionary SPDR, XLY
-0.13% Biotech SPDR, XBI
-0.15% Bond EmrgMkt JPM iS, EMB
-0.16% REIT Wilshire, RWR
-0.17% REIT VIPERs, VNQ
-0.21% Real Estate US DJ, IYR
-0.23% Preferred Stock iS, PFF
-0.25% Spain Index, EWP
-0.25% Utilities SPDR, XLU
-0.27% Financial Preferred, PGF
-0.30% Bond, High-Yield Junk, JNK
-0.31% Silver Trust iS, SLV
-0.32% Bond, High-Yield Corporate, HYG
-0.32% Financial Services DJ, IYG
-0.36% Financial SPDR, XLF
-0.38% Financials VIPERs, VFH
-0.42% Financial DJ US, IYF
-0.45% Value LargeCap Dynamic PS, PWV
-0.48% Belgium Index, EWK
-0.50% Singapore Index, EWS
-0.57% Utilities VIPERs, VPU
-0.58% Pacific VIPERs, VPL
-0.60% Homebuilders SPDR, XHB
-0.61% Dividend DJ Select, DVY
-0.63% India PS, PIN
-0.66% LargeCap Blend S&P=Weight R, RSP
-0.66% Capital Markets KWB ST, KCE
-0.67% Value EAFE MSCI, EFV
-0.69% QQQ Nasdaq 100 Trust, QQQ
-0.69% France Index, EWQ
-0.72% Growth S&P 500/BARRA, IVW
-0.72% Gold Shares S.T., GLD
-0.73% Growth MidCap Russell, IWP
-0.73% Growth VIPERs, VUG
-0.74% Value S&P 500 B, IVE
-0.75% S&P 500 SPDRs LargeCap Blend, SPY
-0.75% Industrial SPDR, XLI
-0.75% Telecom DJ US, IYZ
-0.75% EMU Europe Index, EZU
-0.76% Value 1000 Russell, IWD
-0.77% S&P 500 iS LargeCap Blend, IVV
-0.77% LargeCap 1000 R, IWB
-0.77% LargeCap VIPERs, VV
-0.78% Growth 1000 Russell, IWF
-0.78% Germany Index, EWG
-0.79% Dividend High Yield Equity PS, PEY
-0.80% Dividend SPDR, SDY
-0.80% LargeCap Blend Russell 3000, IWV
-0.81% LargeCap Blend S&P 100, OEF
-0.81% Technology SPDR, XLK
-0.82% MidCap Russell, IWR
-0.83% Value VIPERs, VTV
-0.84% Dividend Appreciation Vipers, VIG
-0.85% Blend Total Market VIPERs, VTI
-0.86% Technology DJ US, IYW
-0.86% Value MidCap Russell, IWS
-0.88% Growth MidCap 400 B, IJK
-0.93% Hong Kong Index, EWH
-0.93% Global 100, IOO
-0.93% EAFE Index, EFA
-0.95% Malaysia Index, EWM
-0.95% DIAMONDS (DJIA), DIA
-0.96% MidCap S&P 400 SPDRs, MDY
-0.96% MidCap S&P 400 iS, IJH
-0.97% Info Tech VIPERs, VGT
-0.97% Europe 350 S&P Index, IEV
-1.01% Water Resources, PHO
-1.01% India Earnings WTree, EPI
-1.02% Austria Index, EWO
-1.03% Growth EAFE MSCI, EFG
-1.03% Value SmallCap VIPERS, VBR
-1.08% Value MidCap S&P 400 B, IJJ
-1.09% Italy Index, EWI
-1.12% Small Cap EAFE MSCI iS, SCZ
-1.15% Netherlands Index, EWN
-1.16% China 25 iS, FXI
-1.20% SmallCap S&P 600, IJR
-1.20% Small Cap VIPERs, VB
-1.21% Value SmallCap Russell 2000, IWN
-1.21% European VIPERs, VGK
-1.22% Dividend International, PID
-1.24% Global ex US ACWI iS, ACWX
-1.25% Growth BARRA Small Cap 600, IJT
-1.28% Value SmallCap S&P 600 B, IJS
-1.28% Growth SmallCap R 2000, IWO
-1.31% SmallCap Russell 2000, IWM
-1.31% Growth SmallCap VIPERs, VBK
-1.36% Materials SPDR, XLB
-1.39% Indonesia MV, IDX
-1.50% Mexico Index, EWW
-1.52% Agriculture DB PS, DBA
-1.58% Pacific ex-Japan, EPP
-1.62% South Africa Index, EZA
-1.64% Networking, IGN
-1.64% Microcap Russell, IWC
-1.79% Emerging VIPERs, VWO
-1.82% South Korea Index, EWY
-1.85% WilderHill Clean Energy PS, PBW
-1.87% Frontier Markets Guggenheim , FRN
-1.88% Emerging Markets, EEM
-1.88% United Kingdom Index, EWU
-1.90% Canada Index, EWC
-1.90% Chile MSCI iS, ECH
-1.92% Australia Index, EWA
-1.96% China LargeCap Growth G D H USX PS, PGJ
-1.96% Latin Am 40, ILF
-1.96% Taiwan Index, EWT
-2.00% Sweden Index, EWD
-2.01% Basic Materials DJ US, IYM
-2.04% Commodity Tracking, DBC
-2.05% Emerging 50 BLDRS, ADRE
-2.08% Semiconductor SPDR, XSD
-2.12% Semiconductor iS IGW, SOXX
-2.18% Metals & Mining SPDR, XME
-2.28% Brazil Index, EWZ
-2.84% Energy Global, IXC
-2.88% Energy & Nat Res iS GS, IGE
-2.93% Energy DJ, IYE
-2.94% Energy VIPERs, VDE
-3.00% Russia MV, RSX
-3.05% Oil Fund PowerShares, DBO
-3.07% Oil, Crude, U.S. Oil Fund, USO
-3.09% Energy SPDR, XLE
-3.41% Silver Miners Global X, SIL
