Industrial Stock Sector absolute price fell below its rising 200-day SMA on 6/24/10.
Technology Stock Sector absolute price fell further below its rising 200-day SMA on 6/24/10.
Energy Stock Sector absolute price fell below 10-day lows on 6/24/10 and remains bearishly below 50- and 200-day SMAs.
NASDAQ Composite absolute price fell below its 200-day SMA on 6/24/10.
The S&P 500 Composite (SPX) broke below 9-day lows and closed further below its 200-day SMA on 6/24/10.
The S&P 500 Equally Weighted ETF absolute price of RSP closed below its 200 SMA on 6/24/10.
The Small Cap Russell 2000 Index absolute price closed below its 200 SMA on 6/24/10.
The S&P MidCap 400 Index absolute price closed below its 200 SMA on 6/24/10.
U.S. Treasury Bond nearest futures contract price rose to 4-week highs on 6/24/10 but found resistance and closed lower, thereby raising doubts about the short term trend.
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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
4.23% , HAS , HASBRO
1.28% , CMS , CMS ENERGY
1.15% , HANS , Hansen Natural, HANS
2.34% , MI , MARSHAL & ILSLEY
1.64% , PSQ , Short 100% QQQ, PSQ
2.73% , MTG , MGIC INVESTMENT
0.91% , DBA , Agriculture DB PS, DBA
1.24% , HMA , HEALTH MGMT STK A
1.58% , PNW , PINNACLE WEST
0.30% , WYNN , Wynn Resorts L
0.31% , NCR , NCR
0.35% , DISH , EchoStar Communications
0.11% , PTV , PACTIV
0.38% , SRE , SEMPRA ENERGY
0.61% , JNJ , JOHNSON&JOHNSON
3.46% , MZZ , Short 200% MidCap 400 PS, MZZ
0.74% , STJ , ST JUDE MEDICAL
1.05% , DHI , D.R. HORTON, DHI
0.46% , LBTYA , Liberty Global Inc. (LBTYA)
0.54% , MRK , MERCK & CO
0.38% , Q , QWEST COMMUNICAT
0.43% , PGN , PROGRESS ENERGY
0.44% , BMY , BRISTOL MYERS
0.15% , CNP , CENTERPNT ENERGY
0.05% , AYE , ALLEGHENY ENERGY
0.05% , DLTR , Dollar Tree Stores Inc
0.12% , HSY , HERSHEY FOODS
0.05% , PFF , Preferred Stock iS, PFF
1.66% , SH , Short 100% S&P 500, SH
0.17% , BF.B , BROWN FORMAN STK B
0.23% , DBC , Commodity Tracking, DBC
0.34% , XEL , XCEL ENERGY
0.40% , FRX , FOREST LABS STK A
0.02% , DTE , DTE ENERGY
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.29% , JKK , Growth SmallCap iS M, JKK
-0.99% , PZJ , SmallCap PS Zacks, PZJ
-3.15% , PSI , Semiconductors, PSI
-2.10% , PXE , Energy Exploration & Prod, PXE
-2.83% , PMR , Retail, PMR
-2.31% , RFV , Value MidCap S&P 400, RFV
-2.37% , HHH , Internet H, HHH
-6.44% , DELL , DELL
-3.64% , PKI , PERKINELMER
-4.80% , UIS , UNISYS
-3.99% , NKE , NIKE STK B
-1.38% , PPA , Aerospace & Defense, PPA
-1.77% , RPV , Value S&P 500, RPV
-2.75% , IYM , Basic Materials DJ US, IYM
-1.95% , EWN , Netherlands Index, EWN
-1.83% , PWY , Value SmallCap Dynamic PS, PWY
-1.91% , IWP , Growth MidCap Russell, IWP
-5.82% , DRI , DARDEN REST
-2.94% , VIA , VIACOM INC. (New)
-2.05% , EIS , Israel MSCI iS, EIS
-5.64% , BBBY , BED BATH BEYOND
-1.60% , IGV , Software, IGV
-6.01% , ASH , ASHLAND
-2.52% , THD , Thailand MSCI iS, THD
-1.45% , JKL , Value SmallCap iS M, JKL
-0.63% , PBJ , Food & Beverage, PBJ
-2.09% , CAR , Avis Budget Group, Inc. (CAR)
-5.76% , JCP , JC PENNEY
-2.22% , RPG , Growth S&P 500, RPG
-3.35% , VIA.B , VIACOM STK B
-3.78% , A , AGILENT TECH
-2.27% , RFG , Growth MidCap S&P 400, RFG
-2.46% , PEJ , Leisure & Entertainment, PEJ
-3.42% , TROW , T ROWE PRICE GP
-2.98% , TYC , TYCO INTL
-4.71% , ODP , OFFICE DEPOT
-0.73% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-1.58% , ELV , Value Large Cap DJ, ELV
-2.64% , TMO , THERMO ELECTRON
-3.68% , TGT , TARGET
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Bullish, Overweight. The Relative Strength Ratio (XLY/SPY) fell below its 50-day SMA on 6/17/10, thereby turning neutral, even though it remains well above its 200-day SMA. Absolute price of XLY has remained above its 200-day SMA consistently since 2/23/09. Support 30.34. Resistance 34.39, 36.13, 38.25 and 39.09.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) is stuck between 50- and 200-day SMAs and remains neutral. Absolute price fell below its rising 200-day SMA on 6/24/10 and remains neutral. Support 27.40. Resistance 33.12, 33.46, 34.24, 34.50, and 35.00. Support 27.40. Resistance 33.12, 33.46, 34.24, 34.50, and 35.00.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) rose further above 5-month highs on 6/23/10. In contrast, absolute price fell further below its rising 200-day SMA on 6/24/10. Support 20.64. Resistance 23.27, 24.16, 24.68, and 25.69.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) has performed about in-line with the broader market for the past 7-months and remains neutral. Absolute price of XLP fell below its rising 200-day SMA on 6/18/10 and remains neutral. Support 25.78 and 24.95. Resistance 27.83, 27.95, 28.20, 28.75, 29.29 and 30.29.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) remains neutral. Absolute price of XLV reversed to the downside on 6/21/10 and remains technically bearish because price is below both SMAs and the 50 is below the 200 SMA. Support 27.96. Resistance 29.93, 30.83, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) fell further below its falling 200-day SMA on 6/23/10 but remains above its 50-day SMA. The 50-day is still below the 200-day SMA. The RS Ratio remains neutral. Absolute price of XLU fell further below both 50- and 200-day SMAs on 6/24/10, and the 50 remains below the 200 SMA, so the XLU price trend is bearish. Support 27.44, 25.76. Resistance 30.59, 30.91, 31.64 and 32.08.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) has underperformed since 10/14/09. Absolute price of XLF peaked on 4/15/10. Both remain neutral. Support 13.70 and 13.51. Resistance 15.67, 16.13, 16.90, 17.12, 17.16, and 17.87.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below 14-month lows on 6/7/10 and remains bearish. Absolute price of XLB remains bearish with the 50-day SMA below the 200-day SMA of price since 6/18/10. Support 28.55. Resistance 31.80, 33.06, 35.47, and 37.56.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) fell further below its 50-day SMA on 6/24/10 and remains bearish. Absolute price of XLE fell below 10-day lows on 6/24/10 and remains bearishly below 50- and 200-day SMAs. Support 50.15 Resistance 58.11, 59.84, 62.30, 62.73, 69.95, and 78.10.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose above 50- and 200-day SMAs on 6/21/10 and so turned neutral. The 50-day SMA remains below the 200-day SMA. Absolute price fell below both 50- and 200-day SMAs on 6/22/10, and the 50- is below the 200-day SMA, so price is bearish.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) rose above its 50-day SMA on 6/21/10 and so turned neutral. Absolute price of EFA fell below 10-month lows on 5/25/10 and remains bearish.
NASDAQ 100/S&P 500 Relative Strength Ratio moved further above 50- and 200-day SMAs on 6/15/10 and remains bullish. The RS Ratio rose above 9-year highs on 6/4/10, giving a major bullish signal.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its 50-day SMA on 6/21/10, turning neutral again. Absolute price of the NASDAQ fell below its 200-day SMA on 6/24/10 and remains neutral.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) turned neutral on 6/22/10 by falling below its 50-day SMA. Absolute price of IWD fell below its 200-day SMA on 6/22/10 and remains neutral.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) remains neutral. Absolute price of IWF fell below its 200-day SMA on 6/22/10 and remains neutral.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above 7-year highs on 6/15/10 and remains bullish. Absolute price of RSP closed below its 200 SMA on 6/24/10 and remains neutral.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 30 years on 6/15/10 and remains bearish. Big caps have been out of favor for more than 10 years, since 3/29/2000.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains neutral, between SMAs. Absolute price of IWM closed below its 200 SMA on 6/24/10 and remains neutral.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell slightly below its 50-day SMA on 6/18/10 and so turned neutral. Absolute price of MDY closed below its 200 SMA on 6/24/10 and remains neutral.
Crude Oil nearest futures contract price consolidated recent losses on 6/24/10. The downside reversal on 6/21/10 signaled upside exhaustion for the very short term. Oil’s Ascending Triangle bottom still allows an objective above 80, but probably not right away. Support 74.74, 69.51, 67.15, 65.05, and 64.24. Resistance 81.29, 87.15, 90.51, 98.65, and 102.84.
Gold nearest futures contract has been consolidating gains since peaking at 1264.8 on 6/21/10. The main trend remains bullish. Support 1216.2, 1196.9, 1168.0, 1156.2, 1124.3, 1084.8, 1045.2, 1026.9 and 989.3. Resistance: 1264.8.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) remains neutral, with the 50-day SMA still below the 200 SMA.
Silver/Gold Ratio turned bearish on 5/17/10 when it crossed below both 50- and 200-day SMAs, with the 50-day SMA below the 200-day SMA.
Copper nearest futures price consolidated losses over the past 2 weeks. Copper broke down to a new 7-month low of 2.72 on 6/7/10, indicating a significant downtrend. Weakness in Copper suggests doubts about prospects for the world economy. Support 2.72. Resistance 3.049, 3.187, 3.2675, 3.3225, 3.795 and 4.27.
U.S. Treasury Bond nearest futures contract price rose to 4-week highs on 6/24/10 but found resistance and closed lower, thereby raising doubts about the short term trend. Support 122.15, 121.06, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 126.05, 126.15, and 130.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) fell sharply on 6/22/10 and is now bearish, with the 50- below the 200-day SMA.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below 6-month lows on 5/20/10 but still remains neutral for the intermediate-term trend. This implies that investors are choosing somewhat less inflation protection. Absolute price of TIP remains bullish.
The U.S. dollar nearest futures contract price sagged slightly on 6/24/10. The USD chart “needs work” in order to confirm an end the recent 2-week downside correction. Support 85.325, 83.07, 81.74, 80.14, 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90. Resistance 89.22, 89.71, and 92.53.
The Art of Contrary Thinking: The various surveys of investor sentiment are best considered as background factors. The majority of investors can be right for a long time before a major trend finally changes course. The Art of Contrary Thinking is best used together with more precise market timing tools.
Advisory Service Sentiment: There were 41.1% Bulls versus 31.1% Bears as of 6/25/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 1.32, up from 1.14 the previous week. The current Bull/Bear ratio has fallen substantially from its peak at 3.36 set on 1/13/10, which was the highest bullish sentiment in 6 years. The 20-year range is 0.41 to 3.74, the median is 1.51, and the mean is 1.57.
VIX Fear Index fell to 22.87 on 6/21/10 but has been rising since. VIX peaked at 48.20 on 5/21/10. A rising VIX suggests increasing bearish sentiment. 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.
VXN Fear Index fell to 23.12 on 6/18/10 but has been rising since. VXN peaked at 48.89 on 5/21/10. A rising VXN suggests increasing bearish sentiment. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.
ISEE Call/Put Ratio fell to .059 on 5/7/10, a low level that indicates bearish sentiment. Its 2-year mean is 1.20, and its typical range is 0.69 to 1.71, which represents two standard deviations from the mean.
CBOE Put/Call Ratio rose to 0.96 on 5/20/10, its highest level of the year. A high level indicates bearish sentiment. The 2-year mean is 0.70, and the typical range is 0.44 to 0.96, which represents two standard deviations from the mean.
The Dow Theory again confirmed a Bullish Major Trend on 4/26/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 18 months. The Dow Theory 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. That 7/23/09 bullish signal reversed the previous bearish signal: the two Averages signaled a Primary Tide Bear Market on 11/21/07, when both Averages closed below their closing price lows of August 2007.
S&P 500 Composite (SPX) broke below 9-day lows and closed further below its 200-day SMA on 6/24/10, again confirming a correction. The recent Double Bottom at 1040.78 still allows an upside projection above 1160. On 5/25/10 and again on 6/18/10, SPX reached down into deeply oversold territory and previous support, testing and holding the year 2010 extreme intraday low at 1040.78. I expected an oversold rally, but not without normal corrections and consolidations. Support 1040.78, 1029.38, 1019.95, 1012.42, and 1008.55. Resistance 1086.01, 1075.33, 1096.68, 1130.29, 1151.41, 1173.57, 1181.49, 1219.80, 1220.03, and 1228.74.
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
1335.63, high of 6/25/2008
1313.15, high of 8/11/2008
1274.42, high of 9/8/2008
1255.09, high of 9/12/2008
1238.81, Fibonacci 78.6% of 1,576.09 high
1228.74, Fibonacci 61.8% of 2007-2009 range
1220.03, high of 9/25/2008
1219.80, high of 4/26/2010
1181.49, Fibonacci 78.6% of 2010 range
1173.57, high of 5/13/2010
1151.41, Fibonacci 61.8% of 2010 range
1131.23, high of 6/21/2010
1130.29, Gann 50.0% of 2010 range
1096.68, Fibonacci 38.2% of May-June bounce
1086.01, Gann 50.0% of May-June bounce
1075.33, Fibonacci 61.8% of May-June bounce
S&P 500 Cash Index Potential Support
1040.78, low of 5/25/2010
1029.38, low of 11/2/2009
1019.95, low of 10/2/2009
1012.42, Gann 37.5% of 2009-2010 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
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
0.91% Agriculture DB PS, DBA
0.44% Silver Trust iS, SLV
0.44% Oil, Crude, U.S. Oil Fund, USO
0.29% Gold Shares S.T., GLD
0.23% Commodity Tracking, DBC
0.05% Preferred Stock iS, PFF
0.02% Bond, 1-3 Year Treasury, SHY
0.00% Bond Muni ATM-Free S&P iS, MUB
-0.06% Financial Preferred, PGF
-0.08% Bond, Aggregate, AGG
-0.08% Bond, 10 Year Treasury, IEF
-0.28% Bond, TIPS, TIP
-0.31% Bond EmrgMkt JPM iS, EMB
-0.31% Japan Index, EWJ
-0.33% Hong Kong Index, EWH
-0.40% Bond, Corp, LQD
-0.54% Bond Ex-US Treas, BWX
-0.55% Utilities SPDR, XLU
-0.59% Bond, 20+ Years Treasury, TLT
-0.60% Taiwan Index, EWT
-0.62% Chile MSCI iS, ECH
-0.67% South Korea Index, EWY
-0.69% Bond, High-Yield Corporate, HYG
-0.72% Health Care SPDR, XLV
-0.77% Malaysia Index, EWM
-0.92% Switzerland Index, EWL
-1.04% Biotech SPDR, XBI
-1.09% Dividend SPDR, SDY
-1.10% Pacific VIPERs, VPL
-1.11% Germany Index, EWG
-1.13% India Earnings WTree, EPI
-1.14% Dividend High Yield Equity PS, PEY
-1.16% India PS, PIN
-1.19% China 25 iS, FXI
-1.20% Indonesia MV, IDX
-1.21% Consumer Staples SPDR, XLP
-1.35% Growth EAFE MSCI, EFG
-1.38% Microcap Russell, IWC
-1.39% DIAMONDS (DJIA), DIA
-1.39% Singapore Index, EWS
-1.40% Utilities VIPERs, VPU
-1.41% Growth 1000 Russell, IWF
-1.43% SmallCap S&P 600, IJR
-1.45% Value SmallCap S&P 600 B, IJS
-1.49% Emerging VIPERs, VWO
-1.52% Growth LargeCap NASDAQ 100, QQQQ
-1.53% Growth SmallCap R 2000, IWO
-1.54% LargeCap Blend S&P 100, OEF
-1.57% Growth S&P 500/BARRA, IVW
-1.57% Value LargeCap Dynamic PS, PWV
-1.59% S&P 500 iS LargeCap Blend, IVV
-1.60% SmallCap Russell 2000, IWM
-1.61% Growth BARRA Small Cap 600, IJT
-1.63% Water Resources, PHO
-1.63% Small Cap EAFE MSCI iS, SCZ
-1.63% Dividend International, PID
-1.65% LargeCap 1000 R, IWB
-1.65% Global ex US ACWI iS, ACWX
-1.66% MidCap S&P 400 iS, IJH
-1.66% S&P 500 SPDRs LargeCap Blend, SPY
-1.66% Mexico Index, EWW
-1.69% Value SmallCap Russell 2000, IWN
-1.69% Canada Index, EWC
-1.70% Value S&P 500 B, IVE
-1.70% Global 100, IOO
-1.70% Small Cap VIPERs, VB
-1.71% LargeCap Blend Russell 3000, IWV
-1.73% MidCap S&P 400 SPDRs, MDY
-1.73% United Kingdom Index, EWU
-1.73% Belgium Index, EWK
-1.74% Brazil Index, EWZ
-1.74% EAFE Index, EFA
-1.75% Industrial SPDR, XLI
-1.75% Emerging 50 BLDRS, ADRE
-1.76% Emerging Markets, EEM
-1.77% Transportation Av DJ, IYT
-1.78% Value MidCap S&P 400 B, IJJ
-1.78% Value EAFE MSCI, EFV
-1.79% Financial SPDR, XLF
-1.79% Europe 350 S&P Index, IEV
-1.79% Turkey MSCI iS, TUR
-1.80% China LargeCap Growth G D H USX PS, PGJ
-1.82% Value 1000 Russell, IWD
-1.82% Pacific ex-Japan, EPP
-1.83% Latin Am 40, ILF
-1.83% Growth SmallCap VIPERs, VBK
-1.86% Value SmallCap VIPERS, VBR
-1.86% LargeCap Blend S&P=Weight R, RSP
-1.86% Info Tech VIPERs, VGT
-1.88% MidCap Russell, IWR
-1.90% Growth MidCap 400 B, IJK
-1.91% Growth MidCap Russell, IWP
-1.95% Homebuilders SPDR, XHB
-1.95% Netherlands Index, EWN
-1.97% Dividend Appreciation Vipers, VIG
-1.98% Technology DJ US, IYW
-2.00% Growth VIPERs, VUG
-2.00% Energy Global, IXC
-2.01% Technology SPDR, XLK
-2.02% Value MidCap Russell, IWS
-2.03% Australia Index, EWA
-2.06% Blend Total Market VIPERs, VTI
-2.09% Dividend DJ Select, DVY
-2.10% Energy SPDR, XLE
-2.10% Financial DJ US, IYF
-2.10% LargeCap VIPERs, VV
-2.11% European VIPERs, VGK
-2.14% Capital Markets KWB ST, KCE
-2.15% Energy VIPERs, VDE
-2.21% Natural Resource iS GS, IGE
-2.25% Financials VIPERs, VFH
-2.26% Value VIPERs, VTV
-2.27% Financial Services DJ, IYG
-2.30% Value SmallCap S&P 600, RZV
-2.31% EMU Europe Index, EZU
-2.34% Austria Index, EWO
-2.38% Consumer Discretionary SPDR, XLY
-2.41% REIT Wilshire, RWR
-2.44% Networking, IGN
-2.52% Thailand MSCI iS, THD
-2.53% Materials SPDR, XLB
-2.55% Realty Cohen & Steers, ICF
-2.55% France Index, EWQ
-2.65% Semiconductor iS GS, IGW
-2.68% Telecom DJ US, IYZ
-2.69% Semiconductor SPDR, XSD
-2.71% Metals & Mining SPDR, XME
-2.75% Energy DJ, IYE
-2.75% Basic Materials DJ US, IYM
-2.83% WilderHill Clean Energy PS, PBW
-2.84% South Africa Index, EZA
-2.90% Real Estate US DJ, IYR
-2.91% Sweden Index, EWD
-2.94% Italy Index, EWI
-3.03% REIT VIPERs, VNQ
-3.06% Spain Index, EWP
-3.20% Russia MV, RSX