Consumer Discretionary stock sector Relative Strength Ratio (XLY/SPY) rose above 4-month highs on 10/22/10 and remains bullish. XLY has been at the top of my sector rankings for more than a year and has outperformed substantially.
Materials stock sector Relative Strength Ratio (XLB/SPY) crossed below its 50-day SMA on 10/22/10, thereby turning neutral. This RS Ratio has been declining since 10/13/10.
The U.S. dollar stabilized last week, following a steep 5-month price collapse into what might appear to be an oversold technical position. This short-term loss of downside momentum may have reflected cautious short covering ahead of the weekend’s Group of 20 nations’ summit in South Korea, which appears to have ended as expected, in diplomatic “agreement” but without specific guidelines or any means of enforcement. Behind the soothing official statements, the G-20 may have practical difficulty solving the fundamental currency problem, since some individual nations appear to want their currencies to be relatively cheap for competitive trade advantage, to stimulate exports and domestic economic growth, no matter if it comes at the expense of other nations. In the words of US Treasury Secretary Timothy F. Geithner, “Some countries are still limiting the appreciation of their currency. And that’s unfair.” The relatively overvalued USD is stimulating cheap imports of goods and services into the US and thereby stimulating exporting economies overseas. Meanwhile, the overvalued USD and cheap imports are drags against US exports, domestic employment, and economic recovery at home. Although the official “policy of the United States is to support a strong dollar,” the USD seems likely to resume its bearish trend over the long term. Technically, the short-term trend appears uncertain.
S&P 500 Composite (SPX, 1,183.26) rose 2.82 points or 0.24% on Friday 10/22/10, placing it within 0.14% of its 5-month closing price high set on Monday, 10/18/10. The price action on both Thursday and Friday qualify as Spinning Top Candlesticks, with relatively tiny real bodies and longer shadows. The Spinning Top Candlestick suggests indecision, and two in a row suggest double indecision—and some risk of trend change. This indecision may reflect trader caution ahead of the weekend G-20 Summit, which may have been feared to carry risk of news that could move markets but which appeared to actually produce nothing of any real substance. Technically, the intermediate-term trend is bullish, but the short-term trend appears to be losing upside momentum.
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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
12.47% , CPWR , COMPUWARE
1.76% , SWH , Software H, SWH
2.42% , PEJ , Leisure & Entertainment, PEJ
6.59% , ERIC.O , LM Ericsson Telephone Company
3.57% , PXQ , Networking, PXQ
0.93% , PWP , Value MidCap Dynamic PS, PWP
6.33% , APC , ANADARKO PETRO
4.40% , SBUX , STARBUCKS
5.21% , DRI , DARDEN REST
2.76% , HANS , Hansen Natural, HANS
2.48% , SNA , SNAP ON
5.30% , PWER , POWER ONE
6.56% , PMCS , PMC SIERRA
1.89% , DSG , Growth Small Cap DJ, DSG
1.33% , PWT , Growth SmallCap Dynamic PS, PWT
2.56% , NVLS , NOVELLUS SYS
4.15% , WFMI , Whole Foods Market Inc
4.07% , CTXS , CITRIX SYSTEMS
5.38% , SLB , SCHLUMBERGER
0.44% , ELG , Growth Large Cap, ELG
0.39% , PWB , Lg Cap Growth PSD, PWB
2.08% , VRSN , VeriSign Inc
6.40% , NVDA , NVIDIA
4.16% , TROW , T ROWE PRICE GP
0.45% , KLD , LargeCap Blend Socially Responsible iS, KLD
2.92% , IGT , INTL GAME TECH
3.86% , RHT , Red Hat Inc.
0.83% , JKH , MidCap Growth iS M, JKH
0.68% , GENZ , GENZYME
0.22% , PPA , Aerospace & Defense, PPA
3.08% , HOT , STARWOOD HOTELS
2.33% , NBR , NABORS
0.36% , EWU , United Kingdom Index, EWU
2.52% , AMZN , Amazoncom Inc
1.93% , AMAT , APPLIED MATERIAL
0.83% , PMR , Retail, PMR
3.26% , BHI , BAKER HUGHES
0.63% , VXF , Extended Mkt VIPERs, VXF
0.42% , PWY , Value SmallCap Dynamic PS, PWY
0.59% , NYC , LargeCap Blend NYSE Composite iS, NYC
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.64% , TBH , Telebras HOLDRS, TBH
-8.61% , LEG , LEGGETT & PLATT
-4.60% , FE , FIRSTENERGY
-0.44% , PSTL , Steel Global PS ETF, PSTL
-2.94% , DOV , DOVER
-4.89% , AYE , ALLEGHENY ENERGY
-2.50% , BCR , C R BARD
-3.49% , EXC , EXELON CORP
-3.00% , PRU , PRUDENTIAL FINL
-0.43% , PUI , Utilities, PUI
-3.08% , AXP , AMERICAN EXPRESS
-0.87% , NCR , NCR
-1.01% , BF.B , BROWN FORMAN STK B
-1.32% , EQR , EQUITY RESIDENT BEN INT
-1.62% , APA , APACHE
-0.52% , VPU , Utilities VIPERs, VPU
-0.35% , CVG , CONVERGYS
-0.12% , PIC , Insurance, PIC
-1.32% , IPG , INTERPUBLIC GRP
-1.97% , PPL , PPL
-0.74% , APOL , APOLLO GROUP
-0.27% , FDL , Dividend Leaders, FDL
-0.94% , TWX , TIME WARNER INC
-0.67% , VIA , VIACOM INC. (New)
-0.87% , UTH , Utilities H, UTH
-1.22% , BLL , BALL
-0.44% , HAR , Harman International
-0.48% , KEY , KEYCORP
-0.17% , EWC , Canada Index, EWC
-1.23% , CEG , CONSTELL ENERGY
-0.82% , FII , FED INVESTORS STK B
-0.54% , AEP , AM ELEC POWER
-0.74% , ITW , ILLINOIS TOOL
-0.19% , ADRD , Developed 100 BLDRS, ADRD
-0.38% , MCK , MCKESSON CORP
-0.40% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-0.21% , DYN , DYNEGY
-0.20% , PBE , Biotech & Genome, PBE
-0.46% , HP , Helmerich & Payne HP
-0.32% , PXN , Nanotech Lux, PXN
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose above 4-month highs on 10/22/10 and remains bullish. XLY has been at the top of my sector rankings for more than a year and has outperformed substantially. Absolute price rose further above 5-month highs on 10/21/10 and remains bullish, with the rising 50-day SMA above the rising 200-day SMA. Support 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 36.13, 38.25 and 39.09.
Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) crossed above its 50-day SMA on 10/20/10, thereby turning bullish again. Absolute price rose further above 5-month highs on 10/13/10 and remains bullish. Support 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 32.78, 33.04, 35.00, and 36.16.
Technology (XLK) Bullish, Over Weight. The Relative Strength Ratio (XLK/SPY) rose sharply above 10-month highs on 10/15/10 and remains bullish. Absolute price of XLK rose above 2-year highs on 10/18/10 and turned bullish: the 50-day SMA crossed above the 200-day SMA. Support 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 24.68 and 25.69.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) crossed below its 50-day SMA on 10/22/10, thereby turning neutral. This RS Ratio has been declining since 10/13/10. Absolute price also peaked on 10/13/10 but remains bullish relative to its 50-day and 200-day SMAs. Support 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 34.95, 35.47, and 37.56.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) remains neutral, consolidating gains between its 50-day and 200-day SMAs. Absolute price rose further above 2-year highs on 10/21/10 and remains bullish. Support 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 28.87, 29.29 and 30.29.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) rose above 5-month highs on 10/14/10 but remains technically neutral. Absolute price rose further above 5-month highs on 10/13/10 but remains technically neutral. On both charts, the 50-day SMAs are below the 200-day SMAs. Price peaked at 62.30 on 4/26/10. Support 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 59.81, 59.84, 62.30, 62.73, 69.95, and 78.10.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) fell below 3-month lows on 10/22/10 and remains neutral, below the falling 50-day SMA. Absolute price of XLU remains bullish, with the rising 50-day SMA above the rising 200-day SMA. Support 31.58, 31.27, 30.76, 30.15, 29.66, 27.91, 27.44, and 25.76. Resistance 32.40.
Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below 5-week lows on 10/12/10 and remains bearish, as it has been most of the time since peaking on 2/23/09. Absolute price of XLV remains neutral. Price peaked at 33.16 on 1/20/10. Support 31.13, 30.11, 29.87, 28.00, 27.49. Resistance 31.45, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell further below 17-month lows on 10/15/10 and remains bearish. Absolute price of XLF bounced up into the neutral zone on 10/18/10 when it crossed above its 50-day SMA. XLF price remains below its 200-day SMA, and the 50-day SMA remains below the 200-day SMA. XLF has been bearish most days after peaking at 17.12 on 4/15/10. Support 14.25, 13.29, and 13.08. Resistance 15.00, 15.09, 15.67, 16.13, 16.90, 17.12, 17.16, and 17.87.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose further above 7-year highs on 10/4/10, again confirming a secular (major) bullish trend. Absolute price rose above 2-year highs to confirm RS.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) rose above 8-month highs on 10/14/10 and remains bullish, with the rising 50-day SMA above the falling 200-day SMA. Absolute price rose above 6-month closing price highs on 10/14/10 and remains bullish, with the rising 50-day SMA above the rising 200-day SMA.
NASDAQ Composite/S&P 500 Relative Strength Ratio leaped up above 9-year highs on 10/15/10 and has been in a rising trend since 12/2/08. The 50-day SMA crossed above the 200-day SMA on 10/20/10, thereby turning bullish. SMAs on absolute price are also bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 3-month lows on 9/30/10. The ratio has been trending lower since 8/3/10. Longer term, big caps have been relatively 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 technically neutral, with the rising 50-day SMA moderately below the rising 200-day SMA.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 9/30/10 and remains bullish. Absolute price rose above 5-month highs on 10/13/10 and remains bullish, with the rising 50-day SMA above the rising 200-day SMA.
Crude Oil nearest futures contract price has consolidated losses since breaking down below 2-week lows on 10/19/10. Oil looks more bearish than bullish for the short term. For the intermediate term, Oil has been consolidating more or less sideways/neutral in a choppy trading range since topping at 87.15 on 5/3/10. Support 78.86, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 84.43, 84.55, 87.15, 90.51, 98.65, and 102.84.
Gold nearest futures contract price fell further below 2-week lows on 10/22/10, confirming a minor downside correction for the short term. Gold rose above previous all-time highs on 10/14/10, confirming a bullish major trend. Support 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1388.1, the high on 10/14/10.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell below 8-week lows on 10/19/10, thereby giving a bearish signal for the Secondary, intermediate-term trend. The RS Ratio crossed below both its 50-day SMA and 200-day SMA. GDX has been underperforming GLD since 9/22/10.
Silver/Gold Ratio rose further above 2-year highs on 10/14/10, again confirming a bullish trend. Silver has outperformed Gold significantly since 8/20/10.
Copper nearest futures contract price has been consolidating since peaking at 3.88 on 10/18/10. Call it neutral for the short term. Copper rose above 2-year highs on 10/14/10, confirming a major uptrend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 3.6445, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.88, 4.0825 and 4.27.
U.S. Treasury Bond nearest futures contract price broke down below 2-day lows on 10/22/10. Bonds look more bearish than bullish on the short-term daily chart. It appears possible that Bonds and Notes could be topping, although further price weakness would be necessary to confirm that. Support 130.25, 129.05, 126.01, 125.07, 124.19, 123.03, 121.28, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 135.12, 135.19, 136.31, 137.31, and 142.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) rose above 4-month highs on 10/22/10 and are in a rising trend. Absolute price rose above 2-year highs on 10/22/10 and remains bullish.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose above 8-month highs on 10/14/10 and has been rising since 8/24/10. This implies that fixed-income investors have been choosing more inflation protection since 8/24/10.
The U.S. dollar nearest futures contract price stabilized last week, following a steep 5-month price collapse into what might appear to be an oversold technical position. This short-term loss of downside momentum may have reflected cautious short covering ahead of the weekend’s Group of 20 nations’ summit in South Korea, which appears to have ended as expected, in diplomatic “agreement” but without specific guidelines or any means of enforcement. Behind the soothing official statements, the G-20 may have practical difficulty solving the fundamental currency problem, since some individual nations appear to want their currencies to be relatively cheap for competitive trade advantage, to stimulate exports and domestic economic growth, no matter if it comes at the expense of other nations. In the words of US Treasury Secretary Timothy F. Geithner, “Some countries are still limiting the appreciation of their currency. And that’s unfair.” The relatively overvalued USD is stimulating cheap imports of goods and services into the US and thereby stimulating exporting economies overseas. Meanwhile, the overvalued USD and cheap imports are drags against US exports, domestic employment, and economic recovery at home. Although the official “policy of the United States is to support a strong dollar,” the USD seems likely to resume its bearish trend over the long term. Technically, the short-term trend appears uncertain. Support 76.335, 78.61, 76.33, 75.90, 74.27, and 70.80. Resistance 80.505, 82.335, 83.315, 83.64, 83.96, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 45.1% Bulls versus 22.0% Bears as of 10/22/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 2.05, up from 0.78 on 9/1/10. That 0.78 was the lowest level of bullish sentiment in 17 months, since 3/25/09. Previously, the ratio had 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 1.53, and the mean is 1.60.
VIX Fear Index plunged below 5-month lows, breaking 18 on 10/13/10, down from 48 in May. A low and falling VIX suggests increasing 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 Dow Theory suggests a Primary Tide Bull Market, in my interpretation. The Dow Theory last 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. On Friday 9/24/10, the Dow-Jones Industrial Average rose to a new 4-month closing price high and on Tuesday 9/28/10 the Dow-Jones Transportation Average confirmed by making a new 4-month closing price high. This signals an intermediate-term Secondary uptrend, according to The Dow Theory.
S&P 500 Composite (SPX, 1,183.26) rose 2.82 points or 0.24% on Friday 10/22/10, placing it within 0.14% of its 5-month closing price high set on Monday, 10/18/10. The price action on both Thursday and Friday qualify as Spinning Top Candlesticks, with relatively tiny real bodies and longer shadows. The Spinning Top Candlestick suggests indecision, and two in a row suggest double indecision—and some risk of trend change. This indecision may reflect trader caution ahead of the weekend G-20 Summit, which may have been feared to carry risk of news that could move markets but which appeared to actually produce nothing of any real substance. Technically, the intermediate-term trend is bullish, but the short-term trend appears to be losing upside momentum.
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
1189.43, high of 10/21/10
S&P 500 Cash Index Potential Support
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
2.47% Semiconductor SPDR, XSD
2.06% Networking, IGN
1.94% Semiconductor iS IGW, SOXX
1.84% Oil, Crude, U.S. Oil Fund, USO
1.49% Turkey MSCI iS, TUR
1.33% South Korea Index, EWY
1.15% Growth SmallCap VIPERs, VBK
1.03% Growth MidCap 400 B, IJK
1.01% Growth SmallCap R 2000, IWO
0.91% Spain Index, EWP
0.89% Financial Preferred, PGF
0.87% Growth BARRA Small Cap 600, IJT
0.83% Commodity Tracking, DBC
0.81% Growth MidCap Russell, IWP
0.80% Technology DJ US, IYW
0.75% Silver Trust iS, SLV
0.74% Japan Index, EWJ
0.74% Info Tech VIPERs, VGT
0.70% Sweden Index, EWD
0.70% Indonesia MV, IDX
0.70% MidCap S&P 400 iS, IJH
0.69% MidCap S&P 400 SPDRs, MDY
0.68% Growth LargeCap NASDAQ 100, QQQQ
0.68% Microcap Russell, IWC
0.68% Bond, 20+ Years Treasury, TLT
0.66% Energy SPDR, XLE
0.64% SmallCap Russell 2000, IWM
0.62% Mexico Index, EWW
0.62% Energy DJ, IYE
0.62% SmallCap S&P 600, IJR
0.61% Natural Resource iS GS, IGE
0.61% Small Cap VIPERs, VB
0.59% MidCap Russell, IWR
0.59% Biotech SPDR, XBI
0.58% Australia Index, EWA
0.58% Energy VIPERs, VDE
0.55% Pacific ex-Japan, EPP
0.55% Consumer Discretionary SPDR, XLY
0.52% Taiwan Index, EWT
0.52% Thailand MSCI iS, THD
0.50% WilderHill Clean Energy PS, PBW
0.50% Russia MV, RSX
0.49% EMU Europe Index, EZU
0.48% Small Cap EAFE MSCI iS, SCZ
0.47% Latin Am 40, ILF
0.46% Bond, High-Yield Corporate, HYG
0.44% Growth VIPERs, VUG
0.42% Austria Index, EWO
0.41% Value MidCap Russell, IWS
0.40% Water Resources, PHO
0.39% Growth S&P 500/BARRA, IVW
0.38% Growth 1000 Russell, IWF
0.38% Preferred Stock iS, PFF
0.38% Pacific VIPERs, VPL
0.38% Value SmallCap S&P 600, RZV
0.37% Transportation Av DJ, IYT
0.37% Bond, High-Yield Junk, JNK
0.36% Singapore Index, EWS
0.36% United Kingdom Index, EWU
0.36% LargeCap Blend S&P=Weight R, RSP
0.35% Consumer Staples SPDR, XLP
0.35% Capital Markets KWB ST, KCE
0.33% LargeCap Blend Russell 3000, IWV
0.33% Global ex US ACWI iS, ACWX
0.32% Value SmallCap VIPERS, VBR
0.31% Energy Global, IXC
0.31% France Index, EWQ
0.31% LargeCap 1000 R, IWB
0.30% Blend Total Market VIPERs, VTI
0.30% Telecom DJ US, IYZ
0.29% Germany Index, EWG
0.29% European VIPERs, VGK
0.29% Technology SPDR, XLK
0.29% Value MidCap S&P 400 B, IJJ
0.28% Belgium Index, EWK
0.26% EAFE Index, EFA
0.25% Emerging VIPERs, VWO
0.24% LargeCap VIPERs, VV
0.24% Value EAFE MSCI, EFV
0.23% Value SmallCap S&P 600 B, IJS
0.22% S&P 500 iS LargeCap Blend, IVV
0.22% Malaysia Index, EWM
0.21% Bond Ex-US Treas, BWX
0.20% Value SmallCap Russell 2000, IWN
0.20% Gold Shares S.T., GLD
0.18% S&P 500 SPDRs LargeCap Blend, SPY
0.18% Bond EmrgMkt JPM iS, EMB
0.14% Netherlands Index, EWN
0.14% Growth EAFE MSCI, EFG
0.13% South Africa Index, EZA
0.13% Bond, Corp, LQD
0.11% LargeCap Blend S&P 100, OEF
0.11% Emerging Markets, EEM
0.11% Hong Kong Index, EWH
0.10% Agriculture DB PS, DBA
0.10% Financials VIPERs, VFH
0.10% Value 1000 Russell, IWD
0.09% Value S&P 500 B, IVE
0.08% Italy Index, EWI
0.08% Financial Services DJ, IYG
0.08% Europe 350 S&P Index, IEV
0.08% Financial DJ US, IYF
0.08% Dividend High Yield Equity PS, PEY
0.07% Global 100, IOO
0.07% REIT Wilshire, RWR
0.06% Bond Muni ATM-Free S&P iS, MUB
0.06% Value LargeCap Dynamic PS, PWV
0.05% REIT VIPERs, VNQ
0.05% Bond, Aggregate, AGG
0.04% China LargeCap Growth G D H USX PS, PGJ
0.03% Health Care SPDR, XLV
0.03% Bond, 10 Year Treasury, IEF
0.03% Bond, TIPS, TIP
0.02% Value VIPERs, VTV
0.02% Bond Treasury Short-Term iS, SHV
0.02% Real Estate US DJ, IYR
0.01% Dividend Appreciation Vipers, VIG
-0.02% Bond, 1-3 Year Treasury, SHY
-0.03% Chile MSCI iS, ECH
-0.03% Financial SPDR, XLF
-0.03% Industrial SPDR, XLI
-0.05% Realty Cohen & Steers, ICF
-0.06% Dividend DJ Select, DVY
-0.09% Emerging 50 BLDRS, ADRE
-0.13% Dividend International, PID
-0.15% Dividend SPDR, SDY
-0.16% DIAMONDS (DJIA), DIA
-0.17% Canada Index, EWC
-0.25% Homebuilders SPDR, XHB
-0.26% India Earnings WTree, EPI
-0.27% India PS, PIN
-0.31% Metals & Mining SPDR, XME
-0.52% Utilities VIPERs, VPU
-0.60% Basic Materials DJ US, IYM
-0.65% Utilities SPDR, XLU
-0.72% Materials SPDR, XLB
-0.75% Brazil Index, EWZ
-1.02% China 25 iS, FXI
-1.17% Switzerland Index, EWL