The S&P 500 Composite (SPX, 1,173.97) fell 30.45 points or 2.53% on Friday, September 2, 2011. SPX, fell below the previous 4 days’ lows and remains long-term bearish, below falling 50- and 200-day SMAs. SPX is down 13.91% over the past 4 months since its peak of 1,363.61 set on 4/29/11.

On Wednesday night, I wrote, “After the bounce over the past 8 trading days, which has recovered a normal fraction (about half) of the July-August plunge, the stock market might be overbought on a short-term trading basis and, therefore, due for a setback.”

Minor price consolidations and corrections against the trend are normal and expected. Playing minor counter trend bounces is risky, however. The mood can switch from “risk on” to “risk off” overnight, leaving the too-clever trader suddenly holding the bag.

We keep in mind that the dominant trend remains persistently bearish. That is the bias. In a bear market, surprises come to the downside.

Typically, there is no safe place to hide in a Dow Theory Primary Tide Bear Market. Even those stocks that have held up relatively well through most of the Bear Market eventually succumb to the relentless tide of selling.
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Includes Top Ten ETFs and Major Trend Relative Strength Rankings.
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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
9.09% , LIZ , LIZ CLAIRBORNE
6.05% , DYN , DYNEGY
1.74% , TLH , Bond 10-20 Year US Treas, TLH
3.03% , IAU , Gold COMEX iS, IAU
0.26% , BDH , Broadband H, BDH
4.10% , SLV , Silver Trust iS, SLV
3.20% , NEM , NEWMONT MINING
4.25% , DXD , Short 200% Dow 30 PS, DXD
2.14% , DOG , Short 100% Dow 30, DOG
3.25% , TLT , Bond, 20+ Years Treasury, TLT
2.21% , EK , EASTMAN KODAK
3.02% , GLD , Gold Shares S.T., GLD
2.59% , SH , Short 100% S&P 500, SH
1.82% , SIL , Silver Miners Global X, SIL
2.33% , PSQ , Short 100% QQQ, PSQ
0.34% , EMB , Bond EmrgMkt JPM iS, EMB
0.21% , ED , CON ED
0.10% , SO , SOUTHERN
0.26% , MBI , MBIA

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-3.10% , DGT , Global Titans, DGT
-2.41% , IYC , Consumer Cyclical DJ, IYC
-11.66% , HRB , H&R BLOCK
-2.60% , NYC , LargeCap Blend NYSE Composite iS, NYC
-2.62% , IYY , LargeCap Blend Total Market DJ, IYY
-2.21% , IYH , Healthcare DJ, IYH
-2.85% , IAH , Internet Architecture H, IAH
-3.50% , JKJ , SmallCap Core iS M, JKJ
-3.93% , FEZ , Euro STOXX 50, FEZ
-2.60% , ISI , LargeCap Blend S&P 1500 iS, ISI
-2.83% , EIS , Israel MSCI iS, EIS
-4.23% , LNCR , Lincare Holdings Inc
-3.90% , PSTL , Steel Global PS ETF, PSTL
-1.49% , VDC , Consumer Staples VIPERs, VDC
-3.23% , JKK , Growth SmallCap iS M, JKK
-3.32% , PSJ , Software, PSJ
-6.46% , TBT , 200% Short US T Bond, TBT
-4.02% , RZV , Value SmallCap S&P 600, RZV
-4.54% , MON , MONSANTO
-2.42% , SWH , Software H, SWH
-2.19% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-2.68% , IWW , Value LargeCap Russell 3000, IWW
-4.93% , MOLX , MOLEX
-3.45% , IJT , Growth BARRA Small Cap 600, IJT
-6.62% , GCI , GANNETT
-3.43% , PDCO , Patterson Dental Company
-2.45% , VGK , European VIPERs, VGK
-4.78% , PHM , PULTE HOMES
-3.16% , ADRA , Asia 50 BLDRS, ADRA
-3.24% , MDY , MidCap S&P 400 SPDRs, MDY
-8.34% , BAC , BANK OF AMERICA
-3.34% , XLNX , XILINX
-4.72% , ZEUS , Olympic Steel, ZEUS
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
4.10% Silver Trust iS, SLV
3.25% Bond, 20+ Years Treasury, TLT
3.02% Gold Shares S.T., GLD
1.82% Silver Miners Global X, SIL
1.09% Bond, TIPS, TIP
0.92% Bond, 10 Year Treasury, IEF
0.62% Bond, Corp, LQD
0.59% Agriculture DB PS, DBA
0.34% Bond EmrgMkt JPM iS, EMB
0.30% Bond, Aggregate, AGG
0.07% Malaysia Index, EWM
-0.01% Bond Treasury Short-Term iS, SHV
-0.05% Bond, 1-3 Year Treasury, SHY
-0.19% Frontier Markets Guggenheim , FRN
-0.27% Bond Ex-US Treas, BWX
-0.39% Bond, High-Yield Junk, JNK
-0.47% Bond, High-Yield Corporate, HYG
-0.53% Preferred Stock iS, PFF
-0.53% Commodity Tracking, DBC
-0.63% Bond Muni ATM-Free S&P iS, MUB
-0.69% Financial Preferred, PGF
-0.74% Chile MSCI iS, ECH
-1.09% India PS, PIN
-1.11% India Earnings WTree, EPI
-1.13% Utilities SPDR, XLU
-1.25% Taiwan Index, EWT
-1.31% Utilities VIPERs, VPU
-1.40% Singapore Index, EWS
-1.43% Consumer Staples SPDR, XLP
-1.55% Small Cap EAFE MSCI iS, SCZ
-1.64% Japan Index, EWJ
-1.70% Thailand MSCI iS, THD
-1.70% Belgium Index, EWK
-1.72% Indonesia MV, IDX
-1.72% United Kingdom Index, EWU
-1.78% Canada Index, EWC
-1.92% Dividend International, PID
-1.99% Pacific VIPERs, VPL
-2.01% South Africa Index, EZA
-2.06% Growth EAFE MSCI, EFG
-2.09% Metals & Mining SPDR, XME
-2.10% Dividend DJ Select, DVY
-2.12% Biotech SPDR, XBI
-2.13% Emerging VIPERs, VWO
-2.14% Dividend SPDR, SDY
-2.15% Mexico Index, EWW
-2.17% China LargeCap Growth G D H USX PS, PGJ
-2.18% Switzerland Index, EWL
-2.18% Energy & Nat Res iS GS, IGE
-2.19% Basic Materials DJ US, IYM
-2.20% Health Care SPDR, XLV
-2.23% EAFE Index, EFA
-2.25% DIAMONDS (DJIA), DIA
-2.26% Telecom DJ US, IYZ
-2.26% Emerging Markets, EEM
-2.27% Dividend High Yield Equity PS, PEY
-2.28% Technology SPDR, XLK
-2.30% Dividend Appreciation Vipers, VIG
-2.35% QQQ Nasdaq 100 Trust, QQQ
-2.36% REIT VIPERs, VNQ
-2.36% Global ex US ACWI iS, ACWX
-2.37% Netherlands Index, EWN
-2.38% Semiconductor iS IGW, SOXX
-2.38% Value LargeCap Dynamic PS, PWV
-2.40% Hong Kong Index, EWH
-2.40% Oil Fund PowerShares, DBO
-2.41% Oil, Crude, U.S. Oil Fund, USO
-2.41% Growth S&P 500/BARRA, IVW
-2.42% Real Estate US DJ, IYR
-2.42% LargeCap Blend S&P 100, OEF
-2.42% Technology DJ US, IYW
-2.44% Global 100, IOO
-2.45% South Korea Index, EWY
-2.45% Growth 1000 Russell, IWF
-2.45% European VIPERs, VGK
-2.47% Realty Cohen & Steers, ICF
-2.50% Growth VIPERs, VUG
-2.50% Sweden Index, EWD
-2.51% Pacific ex-Japan, EPP
-2.53% Australia Index, EWA
-2.55% China 25 iS, FXI
-2.55% Info Tech VIPERs, VGT
-2.55% Materials SPDR, XLB
-2.55% Value EAFE MSCI, EFV
-2.55% Russia MV, RSX
-2.56% S&P 500 SPDRs LargeCap Blend, SPY
-2.58% REIT Wilshire, RWR
-2.60% LargeCap Blend Russell 3000, IWV
-2.60% LargeCap VIPERs, VV
-2.60% Value VIPERs, VTV
-2.61% S&P 500 iS LargeCap Blend, IVV
-2.64% Energy Global, IXC
-2.67% LargeCap 1000 R, IWB
-2.68% Energy DJ, IYE
-2.71% Europe 350 S&P Index, IEV
-2.71% Turkey MSCI iS, TUR
-2.72% Energy VIPERs, VDE
-2.73% MidCap Russell, IWR
-2.74% Blend Total Market VIPERs, VTI
-2.79% Energy SPDR, XLE
-2.83% Consumer Discretionary SPDR, XLY
-2.83% Value 1000 Russell, IWD
-2.83% Value S&P 500 B, IVE
-2.85% Emerging 50 BLDRS, ADRE
-2.86% Growth MidCap Russell, IWP
-2.89% Value MidCap Russell, IWS
-2.91% LargeCap Blend S&P=Weight R, RSP
-3.01% Austria Index, EWO
-3.04% Latin Am 40, ILF
-3.09% Networking, IGN
-3.11% Brazil Index, EWZ
-3.13% Semiconductor SPDR, XSD
-3.14% Growth MidCap 400 B, IJK
-3.16% MidCap S&P 400 iS, IJH
-3.16% Water Resources, PHO
-3.16% Spain Index, EWP
-3.19% Germany Index, EWG
-3.20% Industrial SPDR, XLI
-3.22% Transportation Av DJ, IYT
-3.24% MidCap S&P 400 SPDRs, MDY
-3.26% Value MidCap S&P 400 B, IJJ
-3.28% Microcap Russell, IWC
-3.31% Growth SmallCap VIPERs, VBK
-3.42% Value SmallCap VIPERS, VBR
-3.43% EMU Europe Index, EZU
-3.45% Growth BARRA Small Cap 600, IJT
-3.46% Growth SmallCap R 2000, IWO
-3.53% SmallCap S&P 600, IJR
-3.56% Small Cap VIPERs, VB
-3.67% Financial DJ US, IYF
-3.70% SmallCap Russell 2000, IWM
-3.72% Homebuilders SPDR, XHB
-3.74% Value SmallCap Russell 2000, IWN
-3.78% France Index, EWQ
-3.82% WilderHill Clean Energy PS, PBW
-3.83% Value SmallCap S&P 600 B, IJS
-3.84% Financials VIPERs, VFH
-3.99% Capital Markets KWB ST, KCE
-4.11% Italy Index, EWI
-4.13% Financial SPDR, XLF
-4.23% Financial Services DJ, IYG