Materials Stock Sector Relative Strength Ratio (XLB/SPY) fell sharply and is now bearish again.

Financial Stock Sector Relative Strength Ratio (XLF/SPY) broke below 6-week lows and remains neutral.

Consumer Staples Stock Sector (XLP) absolute price broke down below 6-week lows and broke below its 50-day simple moving average. The price trend is now neutral.

Health Care Stock Sector (XLV) absolute price fell below 2-month lows and remains neutral relative to 50- and 200-day averages.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 14-month lows and remains bearish. Absolute price of EFA fell below the lows of the previous 4 weeks.

NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs and remains bullish.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above 17-month highs and remains bullish.

Gold rose above the highs of the previous 3 months, thereby giving a bullish signal for the intermediate-term trend. Longer term, Gold remains bullish.

Copper fell below the lows of the previous 4 weeks, thereby giving a bearish signal for the short-term trend. Copper entered a minor correction since peaking at 3.68 on 4/12/10. Longer term, Copper remains bullish.

U.S. Treasury Bond price jumped up to a 5-week high, in an obvious flight to safety.

The U.S. dollar nearest futures contract price jumped up above 11-month high, thereby showing renewed strength.

The S&P 500 (SPX) fell below 2-week lows, down 2.34%, its biggest drop since 2/4/10. Volume rose substantially to confirm the downturn. Breadth (advances-declines) was bearish.

Sentiment had been complacently bullish for weeks, as the market marched higher most days and investors’ spirits followed. All that was needed for a shakeout to the downside was a catalyst. Downgrades on the sovereign debt of Greece and Portugal supplied the missing catalyst.

Investors Intelligence survey of stock market newsletter advisors, Call/Put Volume Ratios, and implied option volatility have shown bullish complacency in recent weeks. Excessive bullish sentiment sometimes precedes a shakeout to the downside. Shakeouts in bull markets can amount to 5% to 10%.
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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
2.42% , MYY , Short 100% MidCap 400, MYY
5.32% , AVY , AVERY DENNISON
3.89% , DXD , Short 200% Dow 30 PS, DXD
5.09% , HMA , HEALTH MGMT STK A
4.69% , SDS , Short 200% S&P 500 PS, SDS
2.97% , CMI , CUMMINS
4.21% , QID , Short 200% QQQ PS, QID
4.99% , TLAB , TELLABS
4.77% , MZZ , Short 200% MidCap 400 PS, MZZ
1.66% , IAU , Gold COMEX iS, IAU
2.37% , SH , Short 100% S&P 500, SH
1.67% , GLD , Gold Shares S.T., GLD
1.88% , DOG , Short 100% Dow 30, DOG
1.41% , TLT , Bond, 20+ Years Treasury, TLT
2.14% , KSU , Kansas City Southern, KSU
1.67% , SWK , STANLEY WORKS
1.75% , HRB , H&R BLOCK
0.94% , IEF , Bond, 10 Year Treasury, IEF
1.19% , GRMN , GARMIN LTD
2.07% , PSQ , Short 100% QQQ, PSQ
0.33% , LXK , LEXMARK INTL STK A
0.33% , GVI , Bond Interm U.S. Gov, GVI
0.57% , STJ , ST JUDE MEDICAL
0.61% , MMM , 3M
0.57% , BSX , BOSTON SCIENT
0.19% , SHY , Bond, 1-3 Year Treasury, SHY
0.40% , WAT , WATERS
0.32% , AGG , Bond, Aggregate, AGG
0.13% , NEM , NEWMONT MINING
0.66% , GS , GOLDMAN SACHS
0.04% , CCE , COCA COLA ENTER
0.40% , LNCR , Lincare Holdings Inc
0.22% , XRAY , DENTSPLY International Inc
0.58% , TIP , Bond, TIPS, TIP

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-5.06% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-4.73% , PSTL , Steel Global PS ETF, PSTL
-21.12% , ODP , OFFICE DEPOT
-4.88% , EWK , Belgium Index, EWK
-20.26% , UIS , UNISYS
-5.85% , FEZ , Euro STOXX 50, FEZ
-2.38% , NYC , LargeCap Blend NYSE Composite iS, NYC
-4.45% , EWO , Austria Index, EWO
-7.85% , SNV , SYNOVUS
-3.29% , PIC , Insurance, PIC
-3.90% , ADRU , Europe 100 BLDRS, ADRU
-4.89% , BJS , BJ SERVICES
-2.28% , NY , Value LargeCap NYSE 100 iS, NY
-2.04% , JKK , Growth SmallCap iS M, JKK
-16.04% , AIG , AMER INTL GROUP
-3.74% , ADRE , Emerging 50 BLDRS, ADRE
-2.88% , JKG , MidCap Blend Core iS M, JKG
-3.72% , CVG , CONVERGYS
-13.22% , MAS , MASCO
-2.35% , JKH , MidCap Growth iS M, JKH
-5.11% , SWY , SAFEWAY
-3.22% , IYM , Basic Materials DJ US, IYM
-5.64% , EWI , Italy Index, EWI
-1.91% , IGN , Networking, IGN
-3.83% , FXI , China 25 iS, FXI
-1.94% , IAH , Internet Architecture H, IAH
-2.04% , IGM , Technology GS, IGM
-5.43% , EWQ , France Index, EWQ
-1.57% , KLD , LargeCap Blend Socially Responsible iS, KLD
-4.07% , EWU , United Kingdom Index, EWU
-7.95% , PCL , PLUM CREEK TIMB
-3.68% , EFG , Growth EAFE MSCI, EFG
-2.63% , JKF , Value LargeCap iS M, JKF
-6.15% , F , FORD MOTOR
-5.38% , EWW , Mexico Index, EWW
-3.69% , ACWX , Global ex US ACWI iS, ACWX
-3.42% , XLNX , XILINX
-4.31% , EWG , Germany Index, EWG
-2.36% , IJJ , Value MidCap S&P 400 B, IJJ
-7.28% , NYT , NY TIMES STK A

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) rose above 12-year highs on 4/26/10 and remains bullish. Absolute price of XLY rose above 2-year highs on 4/26/10 and remains bullish. Support 33.87, 33.15, 31.94, 31.66, 30.99, 29.90, 29.25, 28.66, 28.21 and 26.62. Resistance and 38.25 and 39.09.

Industrial (XLI) Bullish, Overweight. The Relative Strength Ratio (XLI/SPY) rose above 18-month highs on 4/26/10 and remains bullish. Absolute price of XLI moved above 18-month highs on 4/26/10 and remains bullish. Support 31.73, 31.27, 29.79, 29.60, and 28.15. Resistance 34.24, 34.50, and 35.00.

Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) rose above 3-month highs on 4/27/10 but still remains in the neutral zone. Absolute price moved up to a new 19-month high on 4/26/10 and remains bullish. Support 23.42, 23.07, 22.90, 22.66, 22.52, 21.30, 20.71, 20.46 and 20.09. Resistance 24.68 and 25.69.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell sharply on 4/27/10 and is now bearish again. Absolute price of XLB briefly moved above 18-month highs on 4/26/10 and remains bullish. Support 33.74, 33.40, 32.85, and 32.58. Resistance 35.16, 35.38 and 37.10.

Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) broke below 6-week lows on 4/27/10 and remains neutral. Support 15.81, 15.52, 15.37, and 15.12. Resistance 16.90, 17.12, 17.16, and 17.87.

Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below 17-month lows on 3/25/10 but since has recovered into the neutral zone. Absolute price of XLE broke out above 18-month highs on 4/23/10 and remains bullish. Support 59.52, 58.58, 58.27, 54.72, 52.67 and 51.34. Resistance 62.73, 69.95, and 78.10.

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) broke down below 19-month lows on 4/23/10 and remains bearish. Absolute price of XLP broke down below 6-week lows on 4/27/10 and broke below its 50-day simple moving average. The price trend is now neutral. Support 27.76, 27.23, 26.82, 26.49, 26.04, 25.93 and 25.71. Resistance 28.75, 29.29 and 30.29.

Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) fell below 18-month lows on 4/26/10 and remains bearish. Absolute price of XLV fell below 2-month lows on 4/27/10 and remains neutral relative to 50- and 200-day averages. Support 30.49, 30.27, and 29.55. Resistance 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 below 3-year lows on 4/15/10 and remains bearish. Absolute price of XLU rose above 3-month highs on 4/23/10 and remains bullish. Support 29.30, 28.45, and 28.10. Resistance 31.30, 31.64 and 32.08.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) has been underperforming since 10/14/09. EEM/SPY trend turned bearish on 4/16/10, according to strict moving average analysis. Absolute price of EEM fell below 2-week lows on 4/16/10.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 14-month lows on 4/27/10 and remains bearish. Absolute price of EFA fell below the lows of the previous 4 weeks on 4/27/10 and turned neutral relative to 50- and 200-day simple moving averages.

NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs on 4/27/10 and remains bullish. Absolute price of the NASDAQ closed above 22-month highs on 4/23/10 and remains bullish.

Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) fell to a 5-month low on 4/14/10. IWF/IWD remains below both 50- and 200-day simple moving averages. In contrast, absolute price of IWF rose above 18-month highs on 4/23/10 and remains bullish. When relative strength and absolute price trends are in conflict, it may be best to stand aside.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) rose above 6-month highs on 4/14/10 and is bullish. Absolute price of IWD rose above 18-month highs on 4/23/10 and is bullish.

The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above previous 6-year highs on 4/26/10 and remains bullish. Absolute price of RSP rose above 19-month highs on 4/23/10 and remains bullish.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 21 months on 4/26/10 and remains bearish. Absolute price of OEX remains bullish relative to its moving averages.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above 17-month highs on 4/27/10. Absolute price of IWM rose above 17-month highs on 4/26/10. Both remain in bullish position relative to key moving averages.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 4/26/10 and remains bullish. Absolute price of MDY rose above 21-month highs on 4/23/10 and remains bullish.

Crude Oil nearest futures contract price appears to have entered a correction since peaking at 87.09 on 4/6/10. Minor corrections are normal. Longer term, Oil remains bullish. Support 78.86, 77.05, 76.71, 72.60, 69.50, 68.59 and 65.05. Resistance 90.51, 98.65, and 102.84.

Gold nearest futures contract price rose above the highs of the previous 3 months on 4/27/10, thereby giving a bullish signal for the intermediate-term trend. Longer term, Gold remains bullish. Support 1084.8, 1045.2, 1026.9 and 989.3. Resistance 1170.7, 1196.8 and 1226.4.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) has turned neutral for the intermediate-term trend after stabilizing since making a low on 1/29/10. Longer term, the trend appears unfavorable, since gold mining stocks have underperformed gold bullion since 9/17/09.

Silver/Gold Ratio turned down since 4/5/10 and remains neutral.

Copper nearest futures contract price fell below the lows of the previous 4 weeks on 4/27/10, thereby giving a bearish signal for the short-term trend. Copper entered a minor correction since peaking at 3.68 on 4/12/10. Longer term, Copper remains bullish. Strength in Copper suggests renewed hope about prospects for the world economy, while weakness suggests doubts. Support 3.29, 3.1505, 3.034, and 2.811. Resistance 3.795 and 4.27.

U.S. Treasury Bond nearest futures contract price jumped up to a 5-week high on 4/27/10, in an obvious flight to safety. Support 115.15, 114.06. 113.04 and 112.15. Resistance 118.12, 119.18, 120.11 and 123.18.

Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) rose above 3-month highs on 4/15/10 and remains bullish. Absolute price of JNK rose above 3-month highs on 4/21/10 and remains bullish.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose to a 2-month high on 4/23/10 and remains bullish. This means investors prefer more inflation protection. Absolute price of TIP rose to a 10-week high on 4/21/10 and remains bullish.

The U.S. dollar nearest futures contract price jumped up above 11-month high on 4/27/10, thereby showing renewed strength after consolidating gains since peaking at 82.52 on 3/25/10. Longer term, USD remains bullish. Support 80.14, 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90. Resistance 82.52, 83.145 and 83.335.

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 53.3% Bulls versus 17.4% Bears as of 4/21/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 3.06, up from 2.70 the previous week. The current Bull/Bear ratio is approaching 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 a 33-month low of 15.23 on 4/12/10. A low and falling VIX suggests bullish complacency. VIX is down from a closing high of 80.86 set on 11/20/08. 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 a 31-month low of 15.53 on 4/14/10. A low and falling VXN suggests bullish complacency. VXN is down from a closing high of 80.64 set on 11/20/08. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

ISEE Call/Put Ratio rose to 1.85 on 4/15/10, a high level that indicates extreme bullish sentiment, which might be taken as a sign to be alert. 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 fell to 0.32 on 4/14/10, a low level that indicates extreme bullish sentiment, which might be taken as a sign to be alert. 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) absolute price rose above 18-month highs on 4/23/10, again confirming its bullish trend. Support 1175.12, and 1152.83, 1132.15, and 1111.46. Resistance 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

S&P 500 Cash Index Potential Support
1175.12, low of 4/9/2010
1152.83, Fibonacci 61.8% of 2010 range
1132.15, Gann 50.0% of 2010 range
1111.46, Fibonacci 61.8% of 2010 range
1086.02, low of 2/25/2010
1044.50, low of 2/5/2010
1089.29, Fibonacci 23.6% of 2009-2010 range
1081.54, Gann 25.0% of 2009-2010 range
1029.38, low of 11/2/2009
1019.95, low of 10/2/2009
991.97, low of 9/2/2009
978.51, low of 8/17/2009
1012.42, Gann 37.5% of 2009-2010 range
1008.55, Fibonacci 38.2% of 2009-2010 range
956.23, high of 6/11/2009
943.29, Gann 50.0% of 2009-2010 range
869.32, low of 7/8/2009
878.04, Fibonacci 61.8% 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

1.67% Gold Shares S.T., GLD
1.41% Bond, 20+ Years Treasury, TLT
0.94% Bond, 10 Year Treasury, IEF
0.58% Bond, TIPS, TIP
0.32% Bond, Aggregate, AGG
0.19% Bond, 1-3 Year Treasury, SHY
0.07% Bond, Corp, LQD
0.00% Bond Muni ATM-Free S&P iS, MUB
-0.28% Silver Trust iS, SLV
-0.70% Preferred Stock iS, PFF
-0.70% Bond EmrgMkt JPM iS, EMB
-0.87% Bond Ex-US Treas, BWX
-0.87% Financial Preferred, PGF
-1.16% Health Care SPDR, XLV
-1.26% Biotech SPDR, XBI
-1.26% Bond, High-Yield Corporate, HYG
-1.42% Agriculture DB PS, DBA
-1.52% Telecom DJ US, IYZ
-1.52% Commodity Tracking, DBC
-1.58% Malaysia Index, EWM
-1.60% Utilities VIPERs, VPU
-1.64% Dividend High Yield Equity PS, PEY
-1.66% Dividend SPDR, SDY
-1.70% Utilities SPDR, XLU
-1.75% Consumer Staples SPDR, XLP
-1.80% Japan Index, EWJ
-1.84% Dividend Appreciation Vipers, VIG
-1.89% Technology DJ US, IYW
-1.90% Growth SmallCap R 2000, IWO
-1.91% Networking, IGN
-1.93% Growth BARRA Small Cap 600, IJT
-1.95% Technology SPDR, XLK
-1.97% DIAMONDS (DJIA), DIA
-2.01% India PS, PIN
-2.08% Info Tech VIPERs, VGT
-2.10% India Earnings WTree, EPI
-2.12% Dividend DJ Select, DVY
-2.12% Growth LargeCap NASDAQ 100, QQQQ
-2.14% Taiwan Index, EWT
-2.18% LargeCap Blend S&P 100, OEF
-2.21% Microcap Russell, IWC
-2.24% Growth VIPERs, VUG
-2.24% LargeCap VIPERs, VV
-2.26% Growth MidCap 400 B, IJK
-2.27% Growth S&P 500/BARRA, IVW
-2.28% SmallCap S&P 600, IJR
-2.29% Singapore Index, EWS
-2.29% SmallCap Russell 2000, IWM
-2.29% Value LargeCap Dynamic PS, PWV
-2.30% Value SmallCap S&P 600 B, IJS
-2.31% Chile MSCI iS, ECH
-2.31% Transportation Av DJ, IYT
-2.32% Capital Markets KWB ST, KCE
-2.34% Growth 1000 Russell, IWF
-2.34% S&P 500 iS LargeCap Blend, IVV
-2.36% Value MidCap S&P 400 B, IJJ
-2.37% S&P 500 SPDRs LargeCap Blend, SPY
-2.38% Growth SmallCap VIPERs, VBK
-2.38% LargeCap 1000 R, IWB
-2.41% LargeCap Blend Russell 3000, IWV
-2.41% Blend Total Market VIPERs, VTI
-2.41% Industrial SPDR, XLI
-2.42% Small Cap VIPERs, VB
-2.43% Oil, Crude, U.S. Oil Fund, USO
-2.44% Water Resources, PHO
-2.45% MidCap S&P 400 iS, IJH
-2.45% Value VIPERs, VTV
-2.50% Growth MidCap Russell, IWP
-2.51% Value S&P 500 B, IVE
-2.51% MidCap S&P 400 SPDRs, MDY
-2.57% Value SmallCap VIPERS, VBR
-2.57% Pacific VIPERs, VPL
-2.60% Value SmallCap Russell 2000, IWN
-2.64% Thailand MSCI iS, THD
-2.64% Value 1000 Russell, IWD
-2.65% Hong Kong Index, EWH
-2.69% LargeCap Blend S&P=Weight R, RSP
-2.76% MidCap Russell, IWR
-2.81% Canada Index, EWC
-2.81% Energy Global, IXC
-2.83% Indonesia MV, IDX
-2.86% Energy DJ, IYE
-2.89% Energy VIPERs, VDE
-2.89% Consumer Discretionary SPDR, XLY
-2.93% Dividend International, PID
-2.94% Natural Resource iS GS, IGE
-2.95% China LargeCap Growth G D H USX PS, PGJ
-2.96% Value MidCap Russell, IWS
-2.98% WilderHill Clean Energy PS, PBW
-3.06% Financial Services DJ, IYG
-3.07% Energy SPDR, XLE
-3.14% Global 100, IOO
-3.15% REIT Wilshire, RWR
-3.16% Realty Cohen & Steers, ICF
-3.17% Real Estate US DJ, IYR
-3.17% Financial DJ US, IYF
-3.18% Financials VIPERs, VFH
-3.20% REIT VIPERs, VNQ
-3.22% Basic Materials DJ US, IYM
-3.23% Semiconductor iS GS, IGW
-3.38% Financial SPDR, XLF
-3.41% Semiconductor SPDR, XSD
-3.46% Value SmallCap S&P 600, RZV
-3.46% Pacific ex-Japan, EPP
-3.51% Small Cap EAFE MSCI iS, SCZ
-3.54% South Korea Index, EWY
-3.55% Emerging VIPERs, VWO
-3.59% Emerging Markets, EEM
-3.64% Materials SPDR, XLB
-3.67% Australia Index, EWA
-3.68% Growth EAFE MSCI, EFG
-3.69% Switzerland Index, EWL
-3.69% Global ex US ACWI iS, ACWX
-3.74% Emerging 50 BLDRS, ADRE
-3.81% South Africa Index, EZA
-3.83% China 25 iS, FXI
-4.01% Russia MV, RSX
-4.02% EAFE Index, EFA
-4.07% United Kingdom Index, EWU
-4.11% Latin Am 40, ILF
-4.20% Value EAFE MSCI, EFV
-4.21% Homebuilders SPDR, XHB
-4.31% Germany Index, EWG
-4.34% Metals & Mining SPDR, XME
-4.42% Netherlands Index, EWN
-4.45% Austria Index, EWO
-4.45% Europe 350 S&P Index, IEV
-4.69% Brazil Index, EWZ
-4.88% Belgium Index, EWK
-4.97% European VIPERs, VGK
-5.00% Sweden Index, EWD
-5.09% Turkey MSCI iS, TUR
-5.17% EMU Europe Index, EZU
-5.38% Mexico Index, EWW
-5.43% France Index, EWQ
-5.64% Italy Index, EWI
-6.10% Spain Index, EWP