Consumer Discretionary stock sector Relative Strength Ratio (XLY/SPY) rose above 12-year highs and remains bullish. XLY has been at the top of my sector rankings for more than a year and has outperformed substantially.
Technology stock sector Relative Strength Ratio (XLK/SPY) rose above its 50-day SMA and turned bullish again.
Financial stock sector Relative Strength Ratio (XLF/SPY) fell below 18-month lows and remains bearish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows. 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) rose above 6-month highs and remains bullish.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 11/22/10 and remains bullish. Absolute price rose above 2-year highs on 11/5/10 and remains bullish.
Silver/Gold Ratio rose further above 2-year highs, again confirming a bullish trend. Silver has outperformed Gold substantially since 8/20/10.
S&P 500 Composite (SPX, 1,197.84) fell 1.89 points or 0.16% on Monday. SPX fell below Friday’s low before reversing to upward and gaining back nearly all of the early loss. This demonstrates bullish resilience. Previously, I wrote: “SPX rose above a 7-day down trend line on Thursday, perhaps ending a typical minor pullback in a bullish larger trend. Longer term, SPX rose above 2-year highs on 11/5/10, again reconfirming a bullish major 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
6.62% , NOVL , NOVELL
1.85% , PWO , OTC Dynamic PS, PWO
3.91% , NYT , NY TIMES STK A
5.65% , TER , TERADYNE
8.70% , TIN , TEMPLE INLAND
4.85% , CIEN.O , CIENA
0.14% , PTE , Telecommunications & Wireless, PTE
1.62% , RFG , Growth MidCap S&P 400, RFG
6.48% , SNDK , SanDisk Corporation
1.14% , IJK , Growth MidCap 400 B, IJK
0.51% , VXF , Extended Mkt VIPERs, VXF
1.01% , PGR , PROGRESSIVE OHIO
2.05% , TIF , TIFFANY
1.46% , PXQ , Networking, PXQ
1.64% , VRSN , VeriSign Inc
1.02% , IAU , Gold COMEX iS, IAU
0.76% , BHH , Internet B2B H, BHH
2.25% , MWV , MEADWESTVACO
0.56% , TLH , Bond 10-20 Year US Treas, TLH
2.22% , ADI , ANALOG DEVICES
3.26% , HGSI , Human Genome Sciences Inc
0.87% , EPU , Peru MSCI iS, EPU
3.03% , BBY , BEST BUY
4.12% , HUM , HUMANA
0.11% , RPV , Value S&P 500, RPV
3.38% , AMZN , Amazoncom Inc
1.35% , PWJ , Growth Mid Cap Dynamic PS, PWJ
2.17% , FMCN , Focus Media, FMCN
1.79% , HPQ , HEWLETT PACKARD
1.85% , SHW , SHERWIN WILLIAMS
1.22% , SMH , Semiconductor H, SMH
0.66% , PXE , Energy Exploration & Prod, PXE
1.93% , KMX , CarMax
1.01% , IJT , Growth BARRA Small Cap 600, IJT
1.49% , DOV , DOVER
0.59% , DYN , DYNEGY
0.33% , IDU , Utilities DJ, IDU
0.20% , PBW , WilderHill Clean Energy PS, PBW
0.54% , VO , MidCap VIPERs, VO
0.29% , ELG , Growth Large Cap, ELG
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.56% , EWI , Italy Index, EWI
-1.47% , KCE , Capital Markets KWB ST, KCE
-3.52% , EWP , Spain Index, EWP
-0.87% , EFG , Growth EAFE MSCI, EFG
-3.37% , GS , GOLDMAN SACHS
-1.99% , FEZ , Euro STOXX 50, FEZ
-1.31% , EWK , Belgium Index, EWK
-0.95% , EWO , Austria Index, EWO
-3.09% , BAC , BANK OF AMERICA
-2.07% , EP , EL PASO
-0.72% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-1.79% , IYG , Financial Services DJ, IYG
-0.86% , PSQ , Short 100% QQQ, PSQ
-0.77% , PIC , Insurance, PIC
-0.95% , ADRU , Europe 100 BLDRS, ADRU
-0.83% , PGF , Financial Preferred, PGF
-1.64% , MZZ , Short 200% MidCap 400 PS, MZZ
-2.61% , TUR , Turkey MSCI iS, TUR
-1.50% , VGK , European VIPERs, VGK
-1.44% , XLF , Financial SPDR, XLF
-2.38% , OMX , OFFICEMAX INC., OMX
-1.47% , EWQ , France Index, EWQ
-2.19% , MS , MORGAN STANLEY
-1.73% , GNW , GENWORTH FINANCIAL
-1.59% , RKH , Bank Regional H, RKH
-1.55% , NOC , NORTHROP GRUMMAN
-1.66% , QID , Short 200% QQQ PS, QID
-1.07% , EFA , EAFE Index, EFA
-2.24% , MTG , MGIC INVESTMENT
-1.22% , EWU , United Kingdom Index, EWU
-4.63% , MI , MARSHAL & ILSLEY
-1.17% , VFH , Financials VIPERs, VFH
-1.07% , ODP , OFFICE DEPOT
-0.71% , ACWX , Global ex US ACWI iS, ACWX
-1.19% , HAS , HASBRO
-1.04% , SYMC , SYMANTEC
-2.18% , LEN , Lennar Corp. (LEN)
-1.05% , TBT , 200% Short US T Bond, TBT
-1.34% , PMCS , PMC SIERRA
-0.84% , LBTYA , Liberty Global Inc. (LBTYA)
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 12-year highs on 11/22/10 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 above 3-year highs on 11/5/10 and remains bullish. Support 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 38.25 and 39.09.
Energy (XLE) Bullish, Over Weight. The Relative Strength Ratio (XLE/SPY) rose above 10-month highs on 11/19/10 and remains bullish. Absolute price rose above 2-year highs on 11/11/10 and remains bullish. Support 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 63.89, 69.95 and 78.10.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below 2-week lows on 11/16/10 and turned neutral. Absolute price rose above rose above 2-year highs on 11/5/10 and remains bullish. Support 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 36.71, 37.56, and 39.00.
Technology (XLK) Bullish, Over Weight. The Relative Strength Ratio (XLK/SPY) rose above its 50-day SMA on 11/22/10 and turned bullish again. Absolute price of XLK rose above 2-year highs on 11/4/10 and remains bullish. Support 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 25.28 and 25.69.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) fell below 10-week lows on 11/11/10 and remains neutral. Absolute price rose above 2-year highs on 11/5/10 and remains bullish. Support 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 33.53, 35.00, and 36.16.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) fell below 5-month lows on 11/10/10 and remains bearish. Absolute price rose above 2-year highs on 11/4/10 and remains bullish. Support 28.31, 28.28, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 29.27, 29.29 and 30.29.
Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below 6-month lows on 11/10/10 and remains bearish, as it has been most of the time since peaking on 2/23/09. Absolute price of XLV rose above 6-month highs on 11/4/10 and is now bullish. Support 30.40, 30.11, 29.87, 28.00, 27.49. Resistance 31.73, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below 5-month lows on 11/19/10. Absolute price of XLU peaked on 10/20/10 and appears neutral. Support 30.90, 30.76, 30.15, 29.66, 27.91, 27.44, and 25.76. Resistance 32.11 and 32.40.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 18-month lows on 11/22/10 and remains bearish. Absolute price of XLF rose above 5-month highs on 11/5/10 and remains neutral, with the 50-day SMA below the 200-day SMA. Support 14.62, 14.25, 13.29, and 13.08. Resistance 15.68, 16.13, 16.90, 17.12, 17.16, and 17.87.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) emerged above its previous 3-day range and is approaching a repeat bullish signal.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) rose above its previous 8-day range and is approaching a repeat bullish signal.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs on 11/2/10 and remains bullish for the long term. Absolute price rose above 2-year highs on 11/8/10 and remains bullish.
iShares Russell 1000 Growth/S&P 500 Relative Strength Ratio (IWF/SPY) rose above 19-month highs again on 11/2/10 and remains bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows on 11/22/10. 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) rose above 6-month highs on 11/22/10 and remains bullish.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 11/22/10 and remains bullish. Absolute price rose above 2-year highs on 11/5/10 and remains bullish.
Crude Oil nearest futures contract price stabilized and consolidated losses over the past 3 trading days while holding above support at 80.58. Longer term, Oil rose above 2-year highs on 11/11/10, again reconfirming a bullish major trend. Support 80.58, 79.84, 79.25, 78.86, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 88.63, 90.51, 98.65, and 102.84.
Gold nearest futures contract price rose above 4-day highs 11/22/10, confirming that minor selling pressure may have abated for the short term. Longer term, Gold rose above previous all-time highs on 11/9/10, again confirming the bullish major trend. Support 1329.0, 1315.6, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1424.3.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above 11-month highs on 11/22/10 and remains bullish.
Silver nearest futures contract price rose above 7-day highs 11/22/10, confirming a reversal of the previous minor price pullback for the short term. Silver rose above previous 30-year highs on 11/9/10, confirming a bullish major trend.
Silver/Gold Ratio rose further above 2-year highs on 11/22/10, again confirming a bullish trend. Silver has outperformed Gold substantially since 8/20/10.
Copper nearest futures contract price moved above the 3-day ranges on 11/19/10, again suggesting that the pressure is off for the short term. A further oversold bounce seems possible. Longer term, Copper rose above previous 2-year highs on 11/11/10, again confirming the bullish major trend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.90, 4.0825, and 4.27.
U.S. Treasury Bond nearest futures contract price rose above 5-day highs 11/22/10, and that could signal a short-term rally attempt. The bond fell below the lows of the previous 4 months on 11/15/10, confirming the preexisting bearish trend for the intermediate-term trend. Support 127.29, 125.15, 125.07, 124.19, 123.03, 121.28, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 129.27, 133.00, 135.12, 135.19, 136.31, 137.31, and 142.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) rose above 6-month highs on 11/15/10 and appears to be heading toward a “Golden Cross” (when the 50-day SMA crosses above the 200-day SMA). Absolute price is bullish already.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) sagged lower since 10/26/10, which implies that fixed-income investors actually have been choosing less inflation protection, contrary to those voices warning of inflation recently.
The U.S. dollar nearest futures contract price fell below the previous 4-day lows before reversing to close higher on 11/22/10. The short-term trend seems uncertain. Longer term, USD fell below 11-month lows on 11/3/10, thereby confirming a bearish long-term price trend. Support 75.235, 74.27, and 70.80. Resistance 79.585, 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 56.2% Bulls versus 20.2% Bears as of 11/17/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio stands at 2.78, which is between one and two standard deviations above the long-term mean. This is not overly excessive bullish sentiment in the second year of a bull market. The 20-year range is 0.41 to 3.74, the median is 1.54, and the mean is 1.61.
VIX Fear Index fell to 17.76 on 11/19/10 from 23.07 on 11/16/10. A relatively low and falling VIX indicates increasing bullish confidence and decreasing concern and hesitancy by options players to chase price strength. 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 11/3/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 25 months. 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. Many other analysts were fooled into calling “Bear Market” by the big downside Secondary Reaction in May and June 2010, but my interpretation has been steadily Bullish on the Primary Trend.
S&P 500 Composite (SPX, 1,197.84) fell 1.89 points or 0.16% on Monday. SPX fell below Friday’s low before reversing to upward and gaining back nearly all of the early loss. This demonstrates some bullish resilience. Previously, I wrote: “SPX rose above a 7-day down trend line on Thursday, perhaps ending a typical minor pullback in a bullish larger trend. Longer term, SPX rose above 2-year highs on 11/5/10, again reconfirming a bullish major trend.”
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
1227.08, high of 11/5/10
S&P 500 Cash Index Potential Support
1184.58, low of 11/22/10
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
1.61% Silver Trust iS, SLV
1.41% India PS, PIN
1.28% Semiconductor iS IGW, SOXX
1.15% Metals & Mining SPDR, XME
1.14% Growth MidCap 400 B, IJK
1.01% Growth BARRA Small Cap 600, IJT
0.99% Networking, IGN
0.97% Gold Shares S.T., GLD
0.88% Growth MidCap Russell, IWP
0.87% Chile MSCI iS, ECH
0.87% Growth SmallCap R 2000, IWO
0.86% Semiconductor SPDR, XSD
0.86% Growth SmallCap VIPERs, VBK
0.84% Growth LargeCap NASDAQ 100, QQQQ
0.83% Technology DJ US, IYW
0.81% MidCap S&P 400 SPDRs, MDY
0.81% Thailand MSCI iS, THD
0.79% MidCap S&P 400 iS, IJH
0.71% Taiwan Index, EWT
0.66% Info Tech VIPERs, VGT
0.64% Biotech SPDR, XBI
0.58% Technology SPDR, XLK
0.57% Small Cap VIPERs, VB
0.55% Bond, Corp, LQD
0.55% SmallCap S&P 600, IJR
0.54% Bond, 10 Year Treasury, IEF
0.50% India Earnings WTree, EPI
0.49% SmallCap Russell 2000, IWM
0.47% Consumer Discretionary SPDR, XLY
0.46% Bond EmrgMkt JPM iS, EMB
0.44% Bond Muni ATM-Free S&P iS, MUB
0.42% Bond, 20+ Years Treasury, TLT
0.42% MidCap Russell, IWR
0.42% Value MidCap S&P 400 B, IJJ
0.41% Dividend SPDR, SDY
0.37% Bond Ex-US Treas, BWX
0.35% Bond, TIPS, TIP
0.33% Growth 1000 Russell, IWF
0.32% Commodity Tracking, DBC
0.30% Value SmallCap VIPERS, VBR
0.29% Utilities SPDR, XLU
0.29% Growth VIPERs, VUG
0.26% REIT VIPERs, VNQ
0.26% Microcap Russell, IWC
0.26% Homebuilders SPDR, XHB
0.25% Materials SPDR, XLB
0.24% Bond, Aggregate, AGG
0.24% Utilities VIPERs, VPU
0.24% Basic Materials DJ US, IYM
0.24% Growth S&P 500/BARRA, IVW
0.21% Realty Cohen & Steers, ICF
0.21% REIT Wilshire, RWR
0.20% Real Estate US DJ, IYR
0.20% WilderHill Clean Energy PS, PBW
0.17% Dividend DJ Select, DVY
0.16% Value MidCap Russell, IWS
0.16% LargeCap Blend S&P=Weight R, RSP
0.14% Value SmallCap S&P 600 B, IJS
0.12% Dividend High Yield Equity PS, PEY
0.11% Water Resources, PHO
0.10% Bond, 1-3 Year Treasury, SHY
0.09% South Korea Index, EWY
0.07% Malaysia Index, EWM
0.07% Pacific VIPERs, VPL
0.07% Agriculture DB PS, DBA
0.07% Mexico Index, EWW
0.06% Value SmallCap Russell 2000, IWN
0.04% LargeCap Blend Russell 3000, IWV
0.04% Health Care SPDR, XLV
0.03% LargeCap 1000 R, IWB
0.02% Blend Total Market VIPERs, VTI
0.01% Bond Treasury Short-Term iS, SHV
0.00% Canada Index, EWC
0.00% China LargeCap Growth G D H USX PS, PGJ
0.00% Consumer Staples SPDR, XLP
-0.05% Natural Resource iS GS, IGE
-0.05% Indonesia MV, IDX
-0.06% Value SmallCap S&P 600, RZV
-0.06% Dividend Appreciation Vipers, VIG
-0.06% LargeCap VIPERs, VV
-0.07% S&P 500 iS LargeCap Blend, IVV
-0.08% S&P 500 SPDRs LargeCap Blend, SPY
-0.11% Emerging 50 BLDRS, ADRE
-0.12% Australia Index, EWA
-0.17% DIAMONDS (DJIA), DIA
-0.17% Russia MV, RSX
-0.21% Emerging VIPERs, VWO
-0.21% Industrial SPDR, XLI
-0.22% Singapore Index, EWS
-0.22% Telecom DJ US, IYZ
-0.23% Transportation Av DJ, IYT
-0.23% Energy VIPERs, VDE
-0.29% Japan Index, EWJ
-0.30% Emerging Markets, EEM
-0.31% Energy SPDR, XLE
-0.31% LargeCap Blend S&P 100, OEF
-0.32% Small Cap EAFE MSCI iS, SCZ
-0.33% Energy DJ, IYE
-0.33% Value LargeCap Dynamic PS, PWV
-0.36% Value 1000 Russell, IWD
-0.39% Pacific ex-Japan, EPP
-0.40% China 25 iS, FXI
-0.43% Value VIPERs, VTV
-0.48% Oil, Crude, U.S. Oil Fund, USO
-0.50% Value S&P 500 B, IVE
-0.52% Dividend International, PID
-0.54% Germany Index, EWG
-0.54% Energy Global, IXC
-0.54% Bond, High-Yield Junk, JNK
-0.57% Latin Am 40, ILF
-0.58% Preferred Stock iS, PFF
-0.70% Bond, High-Yield Corporate, HYG
-0.71% Global ex US ACWI iS, ACWX
-0.72% Sweden Index, EWD
-0.76% Global 100, IOO
-0.78% South Africa Index, EZA
-0.79% Switzerland Index, EWL
-0.83% Financial Preferred, PGF
-0.87% Growth EAFE MSCI, EFG
-0.95% Austria Index, EWO
-0.95% Netherlands Index, EWN
-1.07% EAFE Index, EFA
-1.17% Financial DJ US, IYF
-1.17% Financials VIPERs, VFH
-1.22% United Kingdom Index, EWU
-1.22% Hong Kong Index, EWH
-1.23% Brazil Index, EWZ
-1.31% Belgium Index, EWK
-1.33% Value EAFE MSCI, EFV
-1.44% Europe 350 S&P Index, IEV
-1.44% Financial SPDR, XLF
-1.47% Capital Markets KWB ST, KCE
-1.47% France Index, EWQ
-1.50% European VIPERs, VGK
-1.62% EMU Europe Index, EZU
-1.79% Financial Services DJ, IYG
-2.56% Italy Index, EWI
-2.61% Turkey MSCI iS, TUR
-3.52% Spain Index, EWP
