The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below its lows of the previous 22 months on 9/16/14, thereby reconfirming its preexisting bearish trend.
The S&P 500 Composite Index (SPX: 1,998.98, up 0.75%) absolute price opened lower but immediately reversed to the upside. SPX peaked at 1:37 pm ET and eased slightly lower into the close. SPX closed above the (true) open and above the midpoint of the day’s high-low range. SPX also closed above the closing price lows of the previous 5 trading days.
NYSE total volume rose 14% to a level 2% below its 200-day SMA. Generally, rising volume confirms the direction (up or down) of a price move, but falling volume may indicate diminishing power behind a price trend, which can suggest a price reversal ahead. Volume can provide insights that are not available from the majority of indicators, which are based on price.
Price momentum turned down on 9/8/14, following months-long bearish divergences. On 9/5/14, short-term momentum oscillators RSI and MACD failed to rise above their 2014 highs to confirm the new closing price high for the S&P 500 Index on which these oscillators are based. On 8/7/14, RSI and MACD broke down to their lowest levels in more than 6 months, thereby confirming their preexisting downtrends. RSI and MACD turned down on 7/7/14, after failing to rise to their highs of 6/10/14–despite higher highs for the S&P 500. Furthermore, these same momentum oscillators consistently have remained below their highs of 2012 and 2013, despite much higher highs for the S&P 500 itself in 2014. Therefore, for many months both oscillators have continued to demonstrate bearish divergence compared to the price of the underlying index, the S&P 500.
The Number of Daily Net New Highs on the NYSE (New Highs minus New Lows), now at +23, has been running below its peaks above +800 recorded in 2012 and 2013, when the S&P 500 was lower than it is now. So, this indicator still is diverging bearishly relative to last year’s levels.
The S&P 500 rose 3.77% in August. It has closed higher 6 of the past 7 months. Over the past 26 months, it has closed lower on the month only 5 times, or 19% of the time, and it did not close lower 2 or more consecutive months. Clearly, the bullish majority has been eager to buy on price dips. Looking ahead, September and October have been the seasonally weakest months of the year for more than a century–but of course past performance is not a guide to future performance.
Stock market sentiment indicators have been at excessive, multiyear high levels of bullishness (which is bearish), bearish momentum divergences have been accumulating, and there is a tendency for low trading volume on up days and rising trading volume on down days (generally, not always), suggesting distribution. These are challenges to a sustainable upside trend that the stock market has been ignoring for months.
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9 major U.S. stock sectors ranked in order of Relative Strength:
Health Care stock sector ETF (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) rose above its highs of the previous 5 years on 9/10/14 and remains systematically bullish. Absolute price rose to a new high on 9/16/14 and remains systematically bullish. Support: 63.15, 59.42, 57.68, 55.39, 54.65, 53.40, 52.36, 49.58, 48.82, 47.18, 46.45, 46.02, 44.22, 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: none.
Technology stock sector ETF (XLK) Neutral, Under Weight. The Relative Strength Ratio (XLK/SPY) rose above its highs of the previous 16 months on 7/31/14 but has been consolidating since. Nevertheless, XLK/SPY remains systematically bullish. Absolute price rose above its highs of the previous 13 years on 8/25/14, thereby reconfirming its preexisting uptrend. Support: 38.22, 37.79, 37.54, 36.30, 35.13, 33.86, 33.51, 33.10, 31.38, 31.29, 29.94, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 40.54, 44.66, 46.13,51.88, 57.75, 60.75, and 65.44.
Financial stock sector ETF (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) rose above its highs of the previous 4 months on 9/15/14 but remains systematically neutral, with the 50-day SMA still below the 200-day SMA. Absolute price rose above its highs of the previous 5 years on 9/4/14, confirming a systematically bullish trend. Support: 23.16, 22.44, 21.51, 21.19, 20.50, 20.38, 20.22, 19.48, 19.34, 18.58, 18.48, 17.75, 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 23.58, 24.50, 28.17, 29.23, 35.97, and 38.15.
Consumer Discretionary stock sector ETF (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) remains systematically neutral. Absolute turned down after making a new high at 69.33on 9/4/14. Support: 66.65, 65.16, 64.09, 61.84, 61.03, 58.45, 57.31, 56.50, 53.96, 52.32, 51.95, 51.46, 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: 69.33.
Consumer Staples stock sector ETF (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) broke down below its lows of the previous 3 years on 7/30/14 and remains systematically bearish. The 50-day SMA crossed below the 200-day SMA on 7/8/13, thereby turning systematically bearish (from neutral). Absolute price weakened significantly after peaking at 45.71 on 6/19/14. Support 42.97, 42.69, 42.38, 41.35, 39.83, 39.56, 39.05, 38.87, 38.20, 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Materials stock sector ETF (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below its lows of the previous 6 months on 9/11/14, thereby signaling significant trend weakness. XLB/SPY remains systematically neutral but is trending toward bearish. Absolute turned down after making a high at 50.76 on 9/4/14 and on 9/12/14 crossed below the 50-day SMA, thereby turning systematically neutral (from bullish). Support: 48.38, 47.36, 46.61, 45.91, 45.91, 42.77, 42.34, 41.08, 40.18, 39.96, 39.66, 37.78, 37.10, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 50.76.
Industrial stock sector ETF (XLI) Bearish, Under Weight. The Relative Strength Ratio (XLI/SPY) fell below its lows of the previous 9 months on 8/6/14, reconfirming its preexisting systematically bearish trend. Absolute price weakened significantly after peaking at 55.82 on 6/9/14. Support: 51.20, 50.74, 48.38, 45.09, 43.93, 42.63, 41.37, 40.90, 40.02, 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: 54.81, and 55.82.
Utilities stock sector ETF (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) broke down below its lows of the previous 6 months on 8/6/14 and has been trending down since 4/28/14. Absolute price weakened significantly after peaking at 44.36 on 6/30/14. Support: 40.04, 39.51, 38.26, 37.11, 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 44.36 and 44.66.
Energy stock sector ETF (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) fell below its lows of the previous 5 months on 9/12/14, thereby reconfirming its preexisting downtrend. XLE/SPY has been declining since 6/23/14. Absolute price fell below its lows of the previous 3 months on 9/12/14, suggesting significant trend weakness after peaking at 101.52 on 6/23/14. Support: 92.61, 88.22, 85.96, 81.77, 81.31, 79.83, 78.34, 76.02, 73.51, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 98.87 and 101.52.
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Stock Market Indicators
The Dow Theory last confirmed a bullish Primary Trend on 7/16/14, when both the Dow-Jones Industrial and Transportation Averages rose to all-time closing price highs. After 7/16/14, the Averages failed to rise to joint closing price highs for both Averages and entered into an ongoing corrective Secondary Reaction. Since the joint closing price lows for both Averages on 8/7/14, the Industrial Average failed to rise to a new high to match the new high for the Transportation Average on 9/5/14, for a Dow Theory non-confirmation and divergence. That means the Averages have had upswings of significant time duration (more than 3 weeks) without confirming the Bullish Primary Trend. Next, if both Averages close below their lows of 8/7/14, then a Bearish Dow Theory Primary Trend would be signaled: the critical lows to watch for are the closing price lows of 8/7/14: for the Industrial Average 16,368.27, and for the Transportation Average 7,992.08. If both Averages close below those levels, then the Primary Trend would be Bearish. On the other hand, to confirm a Bullish Primary Trend, both Averages would have to close above their July closing price highs: the Transportation Average already closed above its July high on 9/5/14 but the Industrial Average demonstrated a Dow Theory non-confirmation by failing to close above its 17,138.20 closing price high of 7/16/14.
NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio (QQQ/SPY) rose above its highs of the previous 13 years on 9/10/14 and remains systematically bullish. The absolute price of QQQ rose above its highs of the previous 13 years 9/2/14 and remains systematically bullish.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) broke down below its lows of the previous 7 weeks on 9/15/14. BKF/SPY crossed below its 50-day SMA on 9/10/14, thereby turning systematically neutral (from bullish).
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke down below its lows of the previous 4 months on 9/15/14. EEM/SPY has been systematically neutral most of the time since making a low on 3/13/14.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down below its lows of the previous 9 years on 9/16/14. EFA/SPY has remained systematically bearish most of the time over the past 6 years.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) rose above its highs of the previous 8 months on 9/15/14 and is now systematically bullish. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other hand, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) fell below its lows of the previous 22 months on 9/16/14, thereby reconfirming its preexisting bearish trend. IWM/SPY 50-day SMA crossed below the 200-day SMA on 4/29/14, thereby turning systematically bearish (from neutral). Absolute price has been weak since it peaked at 120.97 on 7/1/14.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below its lows of the previous 19 months on 7/29/14, thereby reconfirming its preexisting bearish trend. MDY/SPY 50-day SMA crossed below the 200-day SMA on 5/9/14, thereby turning systematically bearish (from neutral). Absolute price has been in a corrective mode since it peaked at 264 on 7/1/14.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) absolute price rose to its highest level in 12 months on 9/7/14, thereby reconfirming its preexisting uptrend. The rising 50-day SMA crossed above the rising 200-day SMA on 8/20/14, thereby turning systematically bullish (from neutral). Support 21.66, 21.07, and 20.84. Resistance 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) absolute price broke down below its lows of the previous 6 months on 9/15/14, thereby reconfirming a significant downtrend. The 50-day SMA fell below the 200-day SMA on 8/29/14, thereby giving a systematically bearish signal.
Crude Oil, United States Oil ETF (USO) absolute price fell to its lowest price level in 7 months on 9/10/14, thereby reconfirming its preexisting downtrend. Long term, USO has been in a neutral/sideways trend since bottoming at 22.74 on 2/19/09. Support 34.00, 32.68, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 36.58, 38.30, 39.54, 39.64, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) absolute price fell below its lows of the previous 9 months on 9/12/14, thereby reconfirming its medium-term downtrend that started on 7/10/14. Longer term, GLD appears to be base building in neutral trading range since hitting a bottom at 114.46 on 12/31/13. GLD price has been crisscrossing its 50-day and 200-day SMAs this year, resulting in misleading signals, typical of a range-bound market. Support: 114.46, 113.08, and 102.28. Resistance: 129.21, 133.69, 137.62, 143.43, 149.44, 153.85, 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below its lows of the previous 3 months on 9/11/14, thereby confirming a short-term downtrend that started on 8/12/14. GDX/GLD has been systematically neutral most of the time since it bottomed on 12/6/13.
Silver, iShares Silver Trust ETF (SLV) absolute price fell below its lows of the previous 14 months on 9/12/14, thereby reconfirming its medium-term downtrend that started on 7/10/14. Longer term, SLV could be attempting to form a base, or bottom, since bottoming at 17.75 on 4/27/13. Support 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 20.64, 21.30, 22.23, 23.84, 25.34, 27.14, 27.35, 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) fell below its lows of the previous 12 weeks on 8/19/14, thereby reconfirming its medium-term downtrend that started on 7/14/14. The trend of SLV/GLD has pointed down most of the time since it peaked on 4/28/11, and Silver continues to underperform Gold.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) absolute price fell below its lows of the previous 2 months on 9/15/14, thereby reconfirming its preexisting downtrend. Long term, JJC has been in a major downtrend since topping at 61.69 on 2/14/11. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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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 later revealed to be deal stocks 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
0.43% , IYC , Consumer Cyclical DJ, IYC
1.14% , MVV , Ultra MidCap400 Double, MVV
0.55% , IJH , MidCap S&P 400 iS, IJH
3.69% , HUM , HUMANA
4.41% , X , US STEEL CORP
2.72% , KSU , Kansas City Southern, KSU
2.79% , PEG , PUBL SVC ENTER
2.68% , LVLT.K , LEVEL 3 COMMUNICATIONS
2.99% , XLNX , XILINX
1.74% , SOXX , Semiconductor iS IGW, SOXX
2.85% , TUR , Turkey MSCI iS, TUR
0.87% , XLG , LargeCap Rydex Rus Top 50, XLG
0.91% , PWV , Value LargeCap Dynamic PS, PWV
2.63% , PPL , PPL
2.25% , DVN , DEVON ENERGY
1.48% , HSY , HERSHEY FOODS
1.23% , FRN , Frontier Markets Guggenheim , FRN
0.50% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
1.81% , EZA , South Africa Index, EZA
1.70% , SVU , SUPERVALU
2.40% , BMY , BRISTOL MYERS
2.28% , TER , TERADYNE
0.77% , IVV , S&P 500 iS LargeCap Blend, IVV
1.54% , SSO , Ultra S&P500 Double, SSO
1.72% , EPU , Peru MSCI iS, EPU
1.66% , FCX , FREEPRT MCMORAN STK B
2.98% , EWZ , Brazil Index, EWZ
2.68% , PTEN , Patterson-UTI Energy Inc
0.58% , HSIC , Henry Schein Inc
2.72% , LRCX , LAM RESEARCH CORP
3.36% , ALTR , ALTERA
1.15% , EWY , South Korea Index, EWY
1.91% , MDT , MEDTRONIC
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-9.40% , SHLD , SEARS HOLDINGS
-2.62% , MPEL , Melco Crown Entertainment, MPEL
-1.50% , AFL , AFLAC
-2.56% , AMD , ADV MICRO DEV
-0.82% , PCG , PG&E
-1.40% , AA , ALCOA
-0.91% , PKI , PERKINELMER
-0.70% , EWO , Austria Index, EWO
-1.23% , EPI , India Earnings WTree, EPI
-1.33% , HOG , HARLEY DAVIDSON
-1.55% , CECO , CAREER EDUCATION CORP
-0.70% , MYY , Short 100% MidCap 400, MYY
-0.47% , WYNN , Wynn Resorts L
-0.57% , PCAR , PACCAR
-1.51% , SDS , Short 200% S&P 500 PS, SDS
-0.03% , IEF , Bond, 10 Year Treasury, IEF
-0.57% , CVG , CONVERGYS
-1.78% , ININ , Interactive Intelligence ININ
-0.48% , APOL , APOLLO GROUP
-0.26% , FII , FED INVESTORS STK B
-0.33% , CMI , CUMMINS
-1.45% , IP , INTL PAPER
-0.44% , PBW , WilderHill Clean Energy PS, PBW
-0.50% , PAYX , PAYCHEX
-2.45% , S , SPRINT NEXTEL
-0.37% , CROX , CROCS Inc., CROX
-0.48% , KBH , KB HOME
-1.01% , SNV , SYNOVUS
-0.41% , TLT , Bond, 20+ Years Treasury, TLT
-0.90% , CMA , COMERICA
-1.78% , QID , Short 200% QQQ PS, QID
-0.47% , AVY , AVERY DENNISON
-0.50% , CHKP , Check Point Software Technologies Ltd
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.98% , Brazil Index, EWZ
2.85% , Turkey MSCI iS, TUR
2.32% , Latin Am 40, ILF
2.23% , Indonesia MV, IDX
2.00% , Oil, Crude, U.S. Oil Fund, USO
1.86% , Oil Fund PowerShares, DBO
1.81% , South Africa Index, EZA
1.74% , Semiconductor iS IGW, SOXX
1.53% , Russia MV, RSX
1.37% , Energy Global, IXC
1.37% , Health Care SPDR, XLV
1.35% , Emerging 50 BLDRS, ADRE
1.34% , Semiconductor SPDR, XSD
1.31% , Emerging Markets MSCI iS, EEM
1.27% , Utilities SPDR, XLU
1.27% , Emerging VIPERs, VWO
1.23% , Energy DJ, IYE
1.23% , Frontier Markets Guggenheim , FRN
1.21% , Energy SPDR, XLE
1.20% , Utilities VIPERs, VPU
1.18% , Energy VIPERs, VDE
1.15% , South Korea Index, EWY
1.09% , Energy & Nat Res iS GS, IGE
1.00% , Chile MSCI iS, ECH
1.00% , Metals & Mining SPDR, XME
0.98% , REIT VIPERs, VNQ
0.96% , Canada Index, EWC
0.96% , REIT Wilshire, RWR
0.92% , Commodity Tracking, DBC
0.91% , Value LargeCap Dynamic PS, PWV
0.87% , QQQ Nasdaq 100 Trust, QQQ
0.86% , Realty Cohen & Steers, ICF
0.85% , LargeCap Growth Russell 1000 iS, IWF
0.83% , Malaysia Index, EWM
0.83% , Mexico Index, EWW
0.83% , Growth VIPERs, VUG
0.81% , LargeCap Growth S&P 500 iS, IVW
0.78% , MidCap Russell, IWR
0.78% , Growth MidCap Russell, IWP
0.77% , LargeCap Blend S&P 500 iS, IVV
0.77% , Networking, IGN
0.75% , LargeCap VIPERs, VV
0.75% , S&P 500 SPDRs LargeCap Blend, SPY
0.75% , Consumer Staples SPDR, XLP
0.75% , Technology SPDR, XLK
0.75% , Real Estate US DJ iS, IYR
0.74% , Australia Index, EWA
0.74% , Technology DJ US, IYW
0.73% , LargeCap Blend Russell 3000 iS, IWV
0.73% , LargeCap Blend S&P 100, OEF
0.72% , LargeCap Value S&P 500 iS, IVE
0.71% , Basic Materials DJ US, IYM
0.71% , Blend Total Market VIPERs, VTI
0.71% , LargeCap Value Russell 1000 iS, IWD
0.71% , Info Tech VIPERs, VGT
0.70% , Value VIPERs, VTV
0.70% , Value MidCap Russell, IWS
0.69% , Switzerland Index, EWL
0.69% , LargeCap Blend S&P=Weight R, RSP
0.69% , Pacific VIPERs, VPL
0.68% , LargeCap Blend Russell 1000 iS, IWB
0.68% , Dividend Appreciation Vipers, VIG
0.65% , Pacific ex-Japan, EPP
0.64% , China 25 iS, FXI
0.63% , Global LargeCap Blend MSCI iS, ACWI
0.63% , Sweden Index, EWD
0.62% , Growth SmallCap VIPERs, VBK
0.62% , DIAMONDS (DJIA), DIA
0.62% , Global ex U.S. LargeCap Blend, ACWX
0.61% , Dividend U.S. DJ iS, DVY
0.61% , MidCap Value S&P 400 iS, IJJ
0.58% , MidCap Growth S&P 400 iS, IJK
0.57% , Global 100, IOO
0.56% , Small Cap VIPERs, VB
0.56% , MidCap S&P 400 SPDRs, MDY
0.56% , Industrial SPDR, XLI
0.55% , MidCap Blend S&P 400 iS, IJH
0.54% , Biotech SPDR, XBI
0.52% , Dividend SPDR, SDY
0.52% , Value EAFE MSCI, EFV
0.52% , Homebuilders SPDR, XHB
0.51% , Consumer Discretionary SPDR, XLY
0.51% , Hong Kong Index, EWH
0.50% , Transportation Av DJ, IYT
0.49% , Value SmallCap VIPERS, VBR
0.49% , Thailand MSCI iS, THD
0.48% , Dividend High Yield Equity PS, PEY
0.46% , Materials SPDR, XLB
0.46% , Telecom DJ US, IYZ
0.43% , Financial SPDR, XLF
0.43% , Foreign LargeCap EAFE MSCI iS, EFA
0.42% , SmallCap Value S&P 600 iS, IJS
0.41% , Dividend International, PID
0.41% , China LargeCap Growth G D H USX PS, PGJ
0.40% , SmallCap Growth Russell 2000 iS, IWO
0.40% , SmallCap Growth S&P 600 iS, IJT
0.39% , Financial DJ US, IYF
0.37% , Dividend ex-U.S. DJ iS, IDV
0.37% , European VIPERs, VGK
0.37% , Europe 350 S&P Index, IEV
0.35% , Capital Markets KWB ST, KCE
0.34% , Financials VIPERs, VFH
0.34% , Financial Services DJ, IYG
0.31% , Growth EAFE MSCI, EFG
0.31% , SmallCap Blend S&P 600 iS, IJR
0.31% , Germany Index, EWG
0.30% , Microcap Russell, IWC
0.28% , SmallCap Blend Russell 2000 iS, IWM
0.28% , Water Resources, PHO
0.25% , EMU Europe Index, EZU
0.25% , Spain Index, EWP
0.25% , United Kingdom Index, EWU
0.25% , Italy Index, EWI
0.24% , SmallCap Blend EAFE MSCI iS, SCZ
0.22% , SmallCap Value Russell 2000 iS, IWN
0.21% , Bond, High Yield Corp iBoxx iS, HYG
0.20% , Netherlands Index, EWN
0.20% , Agriculture DB PS, DBA
0.19% , Taiwan Index, EWT
0.17% , Japan Index, EWJ
0.17% , Silver Trust iS, SLV
0.16% , Gold Shares S.T., GLD
0.15% , Bond Ex-US Treas, BWX
0.12% , Bond, Emerging Mkt JPM iS, EMB
0.11% , France Index, EWQ
0.07% , Singapore Index, EWS
0.06% , Bond, 1-3 Year Treasury, SHY
0.05% , Bond, High-Yield Junk, JNK
0.00% , Bond, Intermediate US Aggregate iS, AGG
0.00% , Bond Treasury Short-Term iS, SHV
0.00% , Belgium Index, EWK
-0.02% , Bond, Long-Term Corp iBoxx iS, LQD
-0.03% , Bond, TIPS U.S. Treasury iS, TIP
-0.03% , Bond, 10 Year Treasury, IEF
-0.06% , Financial Preferred, PGF
-0.08% , Preferred Stock iS, PFF
-0.08% , Bond, Muni S&P ATM-Free iS, MUB
-0.41% , Bond, 20+ Years Treasury, TLT
-0.44% , WilderHill Clean Energy PS, PBW
-0.68% , India PS, PIN
-0.70% , Bear, Short S&P 500, SH
-0.70% , Austria Index, EWO
-1.23% , India Earnings WTree, EPI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
2011.17, high of 9/4/2014
The S&P 500 Composite Potential Support
1972.99, 50-day SMA
1904.78, low of 8/7/2014
1902.17, high of 5/13/2014
1897.28, high of 4/4/2014
1889.90, 200-day SMA
1859.79, low of 5/7/2014
1850.61, low of 4/28/2014
1813.55, high of 11/29/2013
1737.92, low of 2/5/2014
1729.86, high of 9/19/2013
1711.57, high of 10/15/2013
1709.67, high of 8/2/2013
1703.85, high of 9/26/2013
1700.18, high of 8/8/2013
1698.78, high of 7/23/2013
1696.81, high of 8/13/2013
1696.55, high of 10/1/2013
1695.93, low of 10/15/2013
1687.18, high of 5/22/2013
1687.11, low of 9/27/2013
1676.03, low of 7/26/2013
1674.99, low of 9/30/2013
1672.40, high of 9/9/2013
1671.84, low of 7/16/2013
1670.36, low of 10/3/2013
1669.51, high of 8/26/2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1652.61, low of 8/16/2013
1646.47, low of 10/9/2013
1629.05, low of 8/27/2013
1560.33, low of 6/24/2013
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1451.64, low on 1/8/2013
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
1415.32, high of 5/1/2012
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.58, low of 12/28/12
1398.11, low of 12/31/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1343.35, low of 11/16/2012
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1306.62, low of 6/12/2012
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1244.80, low of 12/7/2011
1239.73, low of 12/1/2011
1234.81, low of 11/3/2011
1231.04, high of 12/16/2011
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1158.66, low of 11/25/2011
1074.77, low of 10/4/2011
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
