Materials stock sector Relative Strength Ratio (XLB/SPY) fell to a 6-week low on 9/21/10 and remains neutral.
Gold rose to another new all-time high on 9/21/10, again confirming its preexisting secular bullish trend.
Silver/Gold Ratio rose further above 8-month highs on 9/21/10, again confirming a bullish trend. Silver has outperformed Gold since 8/20/10.
U.S. Treasury Bond futures contract price rose above the previous week’s high and broke out above a 3-week downtrend line on 9/21/10, thereby signaling a short-term uptrend.
The U.S. dollar price broke down below 6-week lows on 9/21/10, again confirming that the short-term trend remains bearish.
VIX Fear Index has fallen this month to the low 20s, the lower end of its 4-month range. 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.
S&P 500 Composite (SPX, 1,139.78) fell 2.93 points or 0.26% on 9/21/10. Stock indexes tried to extend their 4-week rally, encouraged by the Fed announcement at 2:15 p.m. The FOMC policy statement indicated that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period, and that the Fed is prepared to provide additional accommodation if needed.
The SPX rally attempt faded in late trading and most stocks closed down on the day, with 1.8 declining stocks for every advancing stock on the NYSE. Volume rose to confirm the new downside direction, rising 10% on the NYSE and 7% on the Nasdaq. The volume of declining stocks was 2.22 times the volume of advancing stocks. Upside volume on rallies has been relatively low for months, suggesting a lack of confidence. In contrast, some of the most active volume days have been down days, suggesting substantial selling pressure. On-Balance Volume for the SPY remains bearish, below both SMAs and with the 50-day SMA below the 200-day SMA.
Pure price momentum indicators based on the SPX turned down, suggesting fatigue for the short term. Longer term, absolute price of SPX remains neutral, above the 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA. Following probes into new 4-month high territory, substantial upside price follow-through with volume confirmation was needed to validate a trend change to the upside–but we got the opposite instead.
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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
5.42% , NVDA , NVIDIA
3.63% , BAX , BAXTER INTL
2.54% , NBR , NABORS
1.25% , EWD , Sweden Index, EWD
0.78% , EWK , Belgium Index, EWK
0.76% , PTE , Telecommunications & Wireless, PTE
0.77% , EWQ , France Index, EWQ
3.14% , VMC , VULCAN MATERIALS
2.26% , LXK , LEXMARK INTL STK A
2.93% , KBH , KB HOME
0.62% , EPU , Peru MSCI iS, EPU
1.39% , TLT , Bond, 20+ Years Treasury, TLT
0.90% , BSX , BOSTON SCIENT
2.24% , PRU , PRUDENTIAL FINL
0.31% , VOX , Telecom Services VIPERs, VOX
2.33% , KLAC , KLA TENCOR
2.19% , CAT , CATERPILLAR
2.10% , UIS , UNISYS
1.36% , NEM , NEWMONT MINING
1.85% , NOV , NATIONAL OILWELL VARC0
0.91% , GLD , Gold Shares S.T., GLD
0.83% , IYT , Transportation Av DJ, IYT
0.61% , FEZ , Euro STOXX 50, FEZ
2.14% , LIZ , LIZ CLAIRBORNE
0.93% , IEF , Bond, 10 Year Treasury, IEF
0.44% , SYY , SYSCO
0.58% , EIX , EDISON INTL
1.68% , R , RYDER SYSTEM
1.74% , CI , CIGNA
1.47% , MHP , MCGRAW HILL
0.72% , EWP , Spain Index, EWP
0.88% , IAU , Gold COMEX iS, IAU
0.51% , EWN , Netherlands Index, EWN
1.70% , AET , AETNA
1.47% , WYN , Wyndham Worldwide
1.76% , TEVA , Teva Pharmaceutical Industries Limited
0.76% , LQD , Bond, Corp, LQD
1.11% , INTC , INTEL
1.48% , SLV , Silver Trust iS, SLV
0.87% , FDX , FEDEX
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-3.58% , CAG , CONAGRA FOODS
-0.80% , PEJ , Leisure & Entertainment, PEJ
-6.06% , SNDK , SanDisk Corporation
-0.66% , JKG , MidCap Blend Core iS M, JKG
-0.98% , PMR , Retail, PMR
-3.31% , STLD , Steel Dynamics, STLD
-1.75% , PST , 200% Short Bond 7-10 Yr T, PST
-3.64% , LLTC , LINEAR TECH
-5.57% , NYT , NY TIMES STK A
-1.78% , NUE , NUCOR
-2.72% , TBT , 200% Short US T Bond, TBT
-2.49% , HRB , H&R BLOCK
-4.63% , ASH , ASHLAND
-2.96% , NTAP , NETWK APPLIANCE
-0.33% , MTK , Technology MS sT, MTK
-1.78% , QLGC , QLOGIC
-0.82% , PCG , PG&E
-3.38% , HMA , HEALTH MGMT STK A
-2.44% , ORCL , ORACLE
-1.62% , COL , ROCKWELL COLLINS
-1.85% , AA , ALCOA
-0.34% , PKB , Building & Construction, PKB
-1.60% , CPWR , COMPUWARE
-2.24% , DRI , DARDEN REST
-0.52% , VAW , Materials VIPERs, VAW
-1.35% , KCE , Capital Markets KWB ST, KCE
-2.65% , PNC , PNC FINL SVC
-2.35% , WFMI , Whole Foods Market Inc
-0.92% , SNA , SNAP ON
-2.80% , ATI , ALLEGHENY TECH
-1.46% , VNQ , REIT VIPERs, VNQ
-1.58% , RWR , REIT Wilshire, RWR
-0.43% , VCR , Consumer D. VIPERs, VCR
-0.71% , IGV , Software, IGV
-0.74% , PXE , Energy Exploration & Prod, PXE
-1.32% , CLX , CLOROX
-0.95% , VFH , Financials VIPERs, VFH
-0.38% , JKH , MidCap Growth iS M, JKH
-1.20% , DTE , DTE ENERGY
-0.39% , PIC , Insurance, PIC
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 to another new 3-month high on 9/20/10 and remains bullish. The Ratio remains above both SMAs and the 50-day SMA remains above the 200-day SMA. Absolute price rose to a new 4-month high on 9/20/10 and is very close to turning bullish again, with the rising 50-day SMA now only slightly below the 200-day SMA. Support 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 34.39, 36.13, 38.25 and 39.09.
Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose further above rising 50-day and 200-day SMAs on 9/21/10 and remains bullish. Absolute price remains bullish, with the 50-day SMA above the 200-day SMA. Support 30.22, 29.77, 27.67, 26.79 and 26.66. Resistance 32.41, 33.46, 34.24, 34.50, and 35.00.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) rose above 7-week highs on 9/17/10. Still, the ratio remains neutral, with the 50-day SMA slightly below the 200-day SMA. Absolute price of XLK rose to a new 4-month high on 9/20/10. Still, price remains neutral, with the 50-day SMA below the 200-day SMA. Support 21.60, 20.01, and 19.51. Resistance 23.27, 24.16, 24.68, and 25.69.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) fell to a 4-week low on 9/13/10 and turned neutral by crossing below its 50-day SMA. Absolute price rose to a new 4-month high on 9/20/10 and is now bullish again, with the 50-day SMA above the 200-day SMA. Support 27.46, 26.34, 25.30, and 24.95. Resistance 27.95, 28.20, 28.75, 29.29 and 30.29.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell to a 6-week low on 9/21/10 and remains neutral. Absolute remains neutral, with the 50-day below the 200-day SMA. Support 32.36, 29.88, 29.43, and 27.67. Resistance 33.52, 35.47, and 37.56.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) fell to a 3-month low on 9/21/10 and remains neutral. Absolute price of XLU rose to a new 8-month high on 9/7/10 and remains bullish. Support 30.76, 30.15, 29.66, 27.91, 27.44, and 25.76. Resistance 31.74 and 32.08.
Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) has been bearish since peaking on 2/23/09. Absolute price of XLV has been bearish since peaking on 1/20/10. Support 29.87, 28.00, 27.49. Resistance 30.83, 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 to a new 9-month low on 8/30/10 and remains bearish. Absolute price of XLF has been bearish most days after peaking at 17.12 on 4/15/10. The price 50-day SMA remains below the 200-day SMA. Support 13.29 and 13.08. Resistance 15.09, 15.67, 16.13, 16.90, 17.12, 17.16, and 17.87.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) plunged below 3-month lows on 9/17/10 and remains bearish. Longer term, the ratio has been bearish most of the time since peaking more than 2 years ago on 7/1/08. Absolute price of XLE has been bearish most of the time since peaking at 62.30 on 4/26/10. Support 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 55.23, 56.70, 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 to another new 7-year high on 9/14/10, again confirming a secular (major) bullish trend. Absolute price rose to a new 5-month high on 9/20/10, also confirming a bullish trend. Price of EEM turned bullish on 9/9/10 when the 50-day SMA crossed above the 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) remains neutral, with the 50-day SMA below the 200-day SMA.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 12-week highs on 9/20/10 but remains neutral, with the 50-day SMA slightly below the 200-day SMA.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) appears to be trending lower again in recent weeks, since 8/3/10. 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) has firmed up since 8/23/10 but technically remains neutral, with the 50-day SMA modestly below the 200-day SMA.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose further above 7-week highs on 9/20/10 and remains bullish. Longer term, MDY/SPY has been bullish, trending upward since 4/7/99. Absolute price remains technically neutral, with the 50-day SMA slightly below the 200-day SMA.
Crude Oil nearest futures contract fell below 2-week lows on 9/17/10 to confirm a short-term price pullback. Intermediate term, Oil has been consolidating more or less sideways/neutral in a trading range since 5/3/10. Support 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 78.86, 83.40, 84.55, 87.15, 90.51, 98.65, and 102.84.
Gold nearest futures contract rose to another new all-time high on 9/21/10, again confirming its preexisting secular bullish trend. Support 1232.4, 1210.9, 1191.5, 1155.6, 1124.3, 1120.9, 1084.8, 1045.2, 1026.9, and 989.3. Resistance: maybe around 1300.0.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) has been whipsawing sideways through moving averages in recent months. Best stand aside until a clear trend emerges.
Silver/Gold Ratio rose further above 8-month highs on 9/21/10, again confirming a bullish trend. Silver has outperformed Gold since 8/20/10.
Copper nearest futures contract price rose above 5-month highs on 9/20/10, again confirming its preexisting intermediate-term Secondary Uptrend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.68, 3.795, 4.0825, and 4.27.
U.S. Treasury Bond nearest futures contract price rose above the previous week’s high and broke out above a 3-week downtrend line on 9/21/10, thereby signaling a short-term uptrend. Bonds had been looking oversold for the short term. The Bond rose to its highest level in 19-months on 8/25/10, again confirming that the major trend remained bullish. Support 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 133.12, 135.19, 136.31, 137.31, and 142.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) has recovered modestly since falling below 3-month lows on 8/26/10. The Ratio had been heading lower (underperforming) most of the time since the peak on 1/8/10.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has been RELATIVELY bearish most of the time since peaking on 1/8/10. This implies that investors have been choosing less inflation protection.
The U.S. dollar nearest futures contract price broke down below 6-week lows on 9/21/10, again confirming that the short-term trend remains bearish. The Secondary, intermediate-term trend appears probably bearish. Long term, USD may be in a secular downtrend and merely consolidating losses since bottoming at 70.805 in March 2008. Support 80.745, 80.14, 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90, 74.27, and 70.805. Resistance 83.315, 83.64, 83.96, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 36.7% Bulls versus 31.1% Bears as of 9/15/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 1.18, up from .078 on 9/1/10, which was the lowest level of bullish sentiment in 17 months, since 3/25/09. The 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 has fallen this month to the low 20s, the lower end of its 4-month range. 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.
S&P 500 Composite (SPX, 1,139.78) fell 2.93 points or 0.26% on 9/21/10. Stock indexes tried to extend their 4-week rally, encouraged by the Fed announcement at 2:15 p.m. The FOMC policy statement indicated that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period, and that the Fed is prepared to provide additional accommodation if needed.
The rally attempt faded in late trading and most stocks closed down on the day. Volume rose to confirm the new downside direction, rising 10% on the NYSE and 7% on the Nasdaq. The volume of declining stocks was 2.22 times the volume of advancing stocks. Upside volume on rallies has been relatively low for months, suggesting a lack of confidence. In contrast, some of the most active volume days have been down days, suggesting substantial selling pressure. On-Balance Volume for the SPY remains bearish, below both SMAs and with the 50-day SMA below the 200-day SMA.
Pure price momentum indicators turned down, suggesting fatigue for the short term. Longer term, absolute price of SPX remains neutral, above the 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA. Following probes into new 4-month high territory, substantial upside price follow-through with volume confirmation was needed to validate a trend change to the upside–but we got the opposite instead.
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
1173.57, high of 5/13/2010
1148.59, high of 9/21/2010
S&P 500 Cash Index Potential Support
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
1.48% Silver Trust iS, SLV
1.39% Bond, 20+ Years Treasury, TLT
1.28% Bond, TIPS, TIP
1.25% Sweden Index, EWD
1.22% Austria Index, EWO
1.11% Thailand MSCI iS, THD
1.03% Bond Ex-US Treas, BWX
0.94% Germany Index, EWG
0.93% Bond, 10 Year Treasury, IEF
0.91% Gold Shares S.T., GLD
0.83% Transportation Av DJ, IYT
0.78% Belgium Index, EWK
0.77% France Index, EWQ
0.76% Bond, Corp, LQD
0.72% Spain Index, EWP
0.68% EMU Europe Index, EZU
0.67% Italy Index, EWI
0.65% Mexico Index, EWW
0.58% Brazil Index, EWZ
0.51% Malaysia Index, EWM
0.51% Netherlands Index, EWN
0.45% Homebuilders SPDR, XHB
0.43% Bond, Aggregate, AGG
0.41% Semiconductor SPDR, XSD
0.27% Europe 350 S&P Index, IEV
0.26% South Africa Index, EZA
0.23% Singapore Index, EWS
0.23% South Korea Index, EWY
0.22% Semiconductor iS GS, IGW
0.21% Small Cap EAFE MSCI iS, SCZ
0.19% Industrial SPDR, XLI
0.18% Telecom DJ US, IYZ
0.17% European VIPERs, VGK
0.13% Switzerland Index, EWL
0.12% Bond EmrgMkt JPM iS, EMB
0.12% China LargeCap Growth G D H USX PS, PGJ
0.09% DIAMONDS (DJIA), DIA
0.07% Health Care SPDR, XLV
0.07% Energy SPDR, XLE
0.07% Bond, 1-3 Year Treasury, SHY
0.06% Bond Muni ATM-Free S&P iS, MUB
0.00% India PS, PIN
0.00% Energy Global, IXC
-0.02% EAFE Index, EFA
-0.02% Growth LargeCap NASDAQ 100, QQQQ
-0.03% Russia MV, RSX
-0.06% Value EAFE MSCI, EFV
-0.06% Energy DJ, IYE
-0.07% Emerging VIPERs, VWO
-0.07% Dividend International, PID
-0.07% China 25 iS, FXI
-0.09% Global 100, IOO
-0.09% Dividend Appreciation Vipers, VIG
-0.10% Global ex US ACWI iS, ACWX
-0.11% Growth EAFE MSCI, EFG
-0.11% Energy VIPERs, VDE
-0.12% Growth 1000 Russell, IWF
-0.12% Natural Resource iS GS, IGE
-0.15% Growth VIPERs, VUG
-0.15% LargeCap Blend S&P 100, OEF
-0.16% Technology DJ US, IYW
-0.16% Turkey MSCI iS, TUR
-0.17% Bond, High-Yield Corporate, HYG
-0.18% Technology SPDR, XLK
-0.18% Consumer Staples SPDR, XLP
-0.20% S&P 500 SPDRs LargeCap Blend, SPY
-0.20% Growth S&P 500/BARRA, IVW
-0.21% Latin Am 40, ILF
-0.22% Info Tech VIPERs, VGT
-0.23% Preferred Stock iS, PFF
-0.23% Emerging 50 BLDRS, ADRE
-0.23% LargeCap VIPERs, VV
-0.24% Blend Total Market VIPERs, VTI
-0.24% S&P 500 iS LargeCap Blend, IVV
-0.25% Metals & Mining SPDR, XME
-0.25% Pacific ex-Japan, EPP
-0.25% LargeCap Blend Russell 3000, IWV
-0.25% Canada Index, EWC
-0.27% Financial Preferred, PGF
-0.27% Networking, IGN
-0.29% Value LargeCap Dynamic PS, PWV
-0.29% Value VIPERs, VTV
-0.30% Emerging Markets, EEM
-0.30% Taiwan Index, EWT
-0.30% Dividend SPDR, SDY
-0.31% Value S&P 500 B, IVE
-0.32% LargeCap 1000 R, IWB
-0.32% WilderHill Clean Energy PS, PBW
-0.34% Dividend DJ Select, DVY
-0.34% Hong Kong Index, EWH
-0.36% Basic Materials DJ US, IYM
-0.36% Biotech SPDR, XBI
-0.36% Agriculture DB PS, DBA
-0.37% Water Resources, PHO
-0.40% Growth MidCap Russell, IWP
-0.42% Value 1000 Russell, IWD
-0.42% Consumer Discretionary SPDR, XLY
-0.42% Australia Index, EWA
-0.45% MidCap S&P 400 iS, IJH
-0.45% MidCap Russell, IWR
-0.46% Materials SPDR, XLB
-0.46% Growth SmallCap VIPERs, VBK
-0.46% India Earnings WTree, EPI
-0.47% Utilities VIPERs, VPU
-0.48% Dividend High Yield Equity PS, PEY
-0.49% Small Cap VIPERs, VB
-0.49% United Kingdom Index, EWU
-0.51% Microcap Russell, IWC
-0.51% Utilities SPDR, XLU
-0.51% Growth SmallCap R 2000, IWO
-0.52% LargeCap Blend S&P=Weight R, RSP
-0.53% Growth MidCap 400 B, IJK
-0.55% Growth BARRA Small Cap 600, IJT
-0.55% MidCap S&P 400 SPDRs, MDY
-0.57% Value SmallCap Russell 2000, IWN
-0.58% Value MidCap S&P 400 B, IJJ
-0.59% SmallCap Russell 2000, IWM
-0.59% Value MidCap Russell, IWS
-0.61% SmallCap S&P 600, IJR
-0.72% Value SmallCap VIPERS, VBR
-0.75% Pacific VIPERs, VPL
-0.76% Value SmallCap S&P 600 B, IJS
-0.83% Value SmallCap S&P 600, RZV
-0.91% Financial SPDR, XLF
-0.91% Financial DJ US, IYF
-0.95% Financials VIPERs, VFH
-1.06% Commodity Tracking, DBC
-1.11% Japan Index, EWJ
-1.16% Financial Services DJ, IYG
-1.35% Capital Markets KWB ST, KCE
-1.40% Chile MSCI iS, ECH
-1.43% Indonesia MV, IDX
-1.46% REIT VIPERs, VNQ
-1.58% REIT Wilshire, RWR
-1.58% Real Estate US DJ, IYR
-1.63% Realty Cohen & Steers, ICF
-1.71% Oil, Crude, U.S. Oil Fund, USO
