S&P 500 Composite (SPX) fell 3.11% for its biggest one-day drop in 10 months.
Various short-term momentum oscillators, such as RSI 14, also fell steeply but still held above last week’s low, showing bullish divergence compared to price.
The stock market appears to be in a typical, 5% to 10% short-term correction within a long-term uptrend.
The U.S. dollar broke out above 5-month highs.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose further above the highs of the previous 34 months.
Financial Stock Sector absolute price fell below the lows of the previous 21 weeks.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 months, while absolute price fell below the lows of the previous 13 weeks. EEM has underperformed the SPY since 10/14/09.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 8 months, while absolute price of EFA fell below the lows of the previous 4 months. EFA has underperformed the SPY since 9/9/09.
CRB Index of commodity prices fell further below 3-month lows.
Crude Oil fell below the lows of the previous 6 weeks.
Gold fell below 3-month lows.
Silver/Gold Ratio fell below 5-month lows, while Copper fell below 3-month lows. Weakness in industrial metals suggests renewed doubts about prospects for the world economy.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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
3.18% , MYY , Short 100% MidCap 400, MYY
8.70% , UIS , UNISYS
6.20% , MZZ , Short 200% MidCap 400 PS, MZZ
4.98% , DXD , Short 200% Dow 30 PS, DXD
6.17% , SDS , Short 200% S&P 500 PS, SDS
3.72% , NCR , NCR
2.51% , DOG , Short 100% Dow 30, DOG
3.07% , SH , Short 100% S&P 500, SH
2.89% , PSQ , Short 100% QQQ, PSQ
5.77% , QID , Short 200% QQQ PS, QID
2.42% , GPS , GAP
1.54% , BIG , BIG LOTS
1.08% , EQR , EQUITY RESIDENT BEN INT
0.60% , RX , IMS HEALTH
1.09% , AGN , ALLERGAN
3.24% , SNV , SYNOVUS
0.22% , TEVA , Teva Pharmaceutical Industries Limited
1.58% , TLT , Bond, 20+ Years Treasury, TLT
0.39% , CSCO , CISCO SYSTEMS
0.82% , IEF , Bond, 10 Year Treasury, IEF
0.17% , COST , COSTCO WHOLESAL
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-5.15% , EWQ , France Index, EWQ
-4.43% , EWK , Belgium Index, EWK
-4.64% , PXE , Energy Exploration & Prod, PXE
-4.62% , EWN , Netherlands Index, EWN
-3.19% , IGN , Networking, IGN
-3.14% , ELV , Value Large Cap DJ, ELV
-8.22% , AES , AES
-3.50% , ADRA , Asia 50 BLDRS, ADRA
-3.51% , JKJ , SmallCap Core iS M, JKJ
-7.64% , EWP , Spain Index, EWP
-4.29% , ADRD , Developed 100 BLDRS, ADRD
-3.44% , ELG , Growth Large Cap, ELG
-4.55% , IEV , Europe 350 S&P Index, IEV
-3.29% , FPX , IPOs, First Tr IPOX-100, FPX
-2.29% , PIC , Insurance, PIC
-4.38% , EWO , Austria Index, EWO
-3.07% , VOX , Telecom Services VIPERs, VOX
-3.87% , PXN , Nanotech Lux, PXN
-5.89% , SNA , SNAP ON
-3.93% , IAU , Gold COMEX iS, IAU
-2.31% , FDV , Value 40 Large Low P/E FT DB, FDV
-6.41% , SLV , Silver Trust iS, SLV
-9.82% , ODP , OFFICE DEPOT
-5.40% , PMCS , PMC SIERRA
-6.34% , LM , LEGG MASON
-5.27% , EWD , Sweden Index, EWD
-7.94% , AMD , ADV MICRO DEV
-11.42% , EK , EASTMAN KODAK
-5.37% , EWI , Italy Index, EWI
-3.72% , PRF , Value LargeCap Fundamental RAFI 1000, PRF
-5.49% , YUM , YUM BRANDS
-6.15% , HGSI , Human Genome Sciences Inc
-5.26% , IXG , Financials Global LargeCap Value, IXG
-3.02% , IYZ , Telecom DJ US, IYZ
-7.06% , AVP , AVON
-2.25% , PFM , Dividend Achievers PS, PFM
-3.96% , ADRU , Europe 100 BLDRS, ADRU
-3.98% , GLD , Gold Shares S.T., GLD
-6.11% , SSO , Ultra S&P500 Double, SSO
-3.38% , DGT , Global Titans, DGT
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 further above the highs of the previous 34 months on 2/4/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY fell below the lows of the previous 8 weeks on 2/4/10, however, and price remains below its 50-day simple moving average. XLY price remains above its 200-day simple moving average. Support 28.73 and 28.29. Resistance 29.78, 30.38, 30.54, 31.95 and 33.76.
Health Care (XLV) Bullish, Overweight. The Relative Strength Ratio (XLV/SPY) rose above 6-month highs on 1/29/10. XLV/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLV fell below the lows of the previous 8 weeks on 2/4/10, however, and price remains below its 50-day simple moving average. XLV price remains above its 200-day simple moving average. Support 30.65 and 30.35. Resistance 32.12, 33.16, 33.37 and 33.74.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) has moderately outperformed since the market bottom on 3/6/09. XLI/SPY remains moderately above rising 50-day and 200-day simple moving averages. Absolute price of XLI fell back below its 50-day simple moving average on 2/3/10. XLI remains above its 200-day simple moving average. Support 27.31, 27.04 and 26.93. Resistance 28.41, 29.61, 30.56 and 32.00.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above the highs of the previous 9 weeks on 1/29/10 and above its 50-day simple moving average on 1/22/10. XLP/SPY is only slightly below its falling 200-day simple moving average. Absolute price of XLP fell below 7-week lows on 2/4/10. XLP remains below its 50-day but above its 200-day simple moving average. Support 25.96 and 25.77. Resistance 26.81, 27.04, 27.18 and 29.29.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell further below the lows of the previous 3 months on 2/2/10. XLK/SPY fell below its 50-day simple moving average on 1/11/10 and fell below its 200-day simple moving average on 1/28/10. Absolute price of XLK fell below 13-week lows on 2/4/10. Price broke down below its 50-day simple moving average on 1/22/10 but remains above its rising 200-day simple moving average. Support 20.46 and 20.09. Resistance 21.51, 22.05, 22.59, 22.87, and 23.05.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below the lows of the previous 6 weeks on 1/29/10. XLE/SPY fell below its 50-day and 200-day simple moving averages on 1/26/10. Absolute price of XLE fell below the lows of the previous 8 weeks on 2/4/10. Support 54.17 and 53.46. Resistance 57.36, 57.72, 58.52 and 59.90.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY ) fell below the lows of the previous 6 months on 1/29/10. XLB/SPY fell below both 50- and 200-day simple moving averages on 1/21/10 and has continued to decline. Absolute price of XLB fell below 13-week lows on 2/4/10, is below its 50-day simple moving average, but remains slightly above its rising 200-day simple moving average. Support 28.95 and 28.67. Resistance 31.62, 32.57, 33.73 and 34.52.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) may be attempting to stabilize since probing 2-year lows on 11/18/09. XLU/SPY remains below both its 50-day and 200-day simple moving averages. Absolute price of XLU fell below the lows of the previous 13 weeks on 2/4/10. Support 29.35 and 28.10. Resistance 31.30, 31.64 and 32.08.
Financial (XLF) Bearish, Underweight. The Relative Strength Ratio (XLF/SPY) has been in a downward correction since 10/14/09. XLF/SPY is in a weak position, below both 50- and 200-day simple moving averages. Absolute price of XLF fell below the lows of the previous 21 weeks on 2/4/10. Support 13.74, 13.62, and 13.08. Resistance 14.60, 14.68, 15.40 and 15.76.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 months on 2/4/10. Absolute price of EEM fell below the lows of the previous 13 weeks on 2/4/10. EEM has underperformed the SPY since 10/14/09.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 8 months on 2/4/10. EFA /SPY is below both its 50-day simple moving average and its 200-day simple moving average. Absolute price of EFA fell below the lows of the previous 4 months on 2/4/10. EFA has underperformed the SPY since 9/9/09.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its rising 50-day simple moving average on 2/1/10 but remains above its rising 200-day simple moving average. Absolute price fell below 10-week lows on 2/4/10, below its 50-day simple moving average on 1/22/10, but remains above its rising 200-day simple moving average.
Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) has been performing sideways/neutral for most of the past 11 months, since March 2009. Longer term, IWF/IWD has been bullish since 8/8/06.
Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) has been performing sideways/neutral for most of the past 8 months, since May 2009. Longer term, IWD/SPY has been bearish since 3/22/07, and we assume that major trends continue–until proved otherwise.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above previous 6-year highs on 2/2/10. RSP/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of RSP rose to a new 15-month closing price high on 1/8/10 and is above its rising 200-day simple moving average.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below the lows of the previous 3 months on 12/22/09. OEX/SPX remains below its falling 50- and 200-day simple moving averages.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) fell below its 200-day simple moving average on 2/4/10, and absolute price of IWM fell below 8-week lows.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) rose above the highs of the previous 4 months on 1/22/10. MDY/SPY remains above its 50- and 200-day simple moving averages. Absolute price of MDY fell below the 50- but remains above its 200-day simple moving average.
CRB Index of commodity prices fell further below 3-month lows on 2/4/10.
Crude Oil nearest futures contract price fell below the lows of the previous 6 weeks on 2/4/10, signaling a short-term downtrend. Oil its 50-day but remains above 200-day simple moving average, which still might be bullish for the long-term trend. Support 68.59 and 65.05. Resistance 78.04, 79.47, 80.36, 83.95, 85.82 and 98.65.
Gold nearest futures contract price fell below 3-month lows on 2/4/10. Gold remains below its 50-day simple moving average but above its rising 200-day simple moving average. Support 1026.9 and 989.3. Resistance 1126.4, 1163.0, 1170.2, 1196.8 and 1226.4.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell below 7-month lows on 1/29/10 after falling below both 50- and 200-day simple moving averages on 1/15/10. The gold mining stocks have underperformed gold bullion since 9/17/09.
Silver/Gold Ratio fell below 6-month lows on 2/4/10. It fell sharply from 1/19/10 to 2/4/10, breaking below both 50- and 200-day simple moving averages. The Silver/Gold Ratio has been trending lower since its peak on 9/16/09, following 11 months of rising trend. Weakness in this Ratio suggests renewed doubts about prospects for the world economy.
Copper nearest futures contract price broke down further below 3-month lows on 2/4/10. Weakness in Copper suggests renewed doubts about prospects for the world economy. Support 2.64 and 2.4575. Resistance 3.267, 3.47, 3.544, 3.5625, 3.5625, and 3.79.
U.S. Treasury Bond nearest futures contract price rose sharply to fully recover the losses of the previous 2 trading days on 2/4/10. The short-term trend now appears uncertain. The Bond rose above its 50-day simple moving average but remains below its 200-day simple moving average, which is bearish for the larger trend. Support 117.08, 116.22, 115.24, 114.16, 113.04 and 112.15. Resistance 119.08 and 120.08.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) fell below 8-week lows and below its 50-day simple moving average on 2/4/10. JNK/LQD remains above its 200-day simple moving average. Absolute price of JNK is below its 50-day simple moving average but remains above its rising 200-day simple moving average.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose to another new 15-month high on 1/7/10, again confirming a bullish long-term trend. TIP/IEF remains above rising 50- and 200-day simple moving averages. Absolute price of TIP rose above 2-month highs 1/29/10.
The U.S. dollar nearest futures contract price broke out above 5-month highs on 2/4/10, thereby confirming a significant uptrend. USD crossed above its rising 50-day simple moving average on 12/8/09 and crossed above its falling 200-day simple moving average on 1/27/10. Support 78.83, 78.20, 76.74 and 75.90. Resistance 81.165 and 81.795.
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 38.9% Bulls versus 22.2% Bears as of 2/3/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio collapsed to a neutral 1.75, down from 3.36 on 1/13/10, which was the highest ratio of bullish sentiment in 6 years. The 20-year range of the ratio is 0.41 to 3.74, the median is 1.50, and the mean is 1.57.
VIX Fear Index jumped to 27.31 on 1/22/10, up from 17.55 on 1/11/10, which was its lowest level in 26 months. 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 jumped to 28.37 on 1/22/10, up from 17.73 on 1/14/10, which was its lowest level in 26 months. 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 fell to 0.67 on 1/26/10, down from 1.68 on 1/11/10, indicating a shift to pessimism from optimism. The ratio’s 6-year mean is 1.41, its median is 1.36, and its range is 0.51 to 3.16.
CBOE Put/Call Ratio rose to 0.79 on 2/4/10, up from 0.49 on 1/8/10, indicating a shift to moderate pessimism from optimism. The ratio’s 6-year mean is 0.66, its median is 0.64, and its range is 0.35 to 1.35.
The Dow Theory last confirmed a Bullish Major Trend on 1/11/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 14 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 signal reversed the previous 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) fell 3.11% on 2/4/10 for its biggest one-day drop in 10 months. SPX closed at its lowest level in 3 months. Various short-term momentum oscillators, such as RSI 14, fell steeply but still held above last week’s low, showing bullish divergence compared to price. The stock market appears to be in a typical short-term correction within a long-term uptrend. SPX fell 7.57% over the past 12 trading days, from a high close on 1/19/10 to the close on 2/4/10. This is the largest decline and the 4th decline in the 5% to 10% range since the bottom on 3/9/09 (based on closing prices only). Price pullbacks lasting a few days to a few weeks and declining less than 10% are common in Bull Markets. For example, there were 9 declines more than 5% but less than 10% from the low in March 2003 to the bull market top in October 2007. There were no pullbacks of as much as 10%, and no pullback lasted as long as 3 months. SPX closed below its 50-day simple moving average every day since 1/22/10 (which is typical of minor corrections) but remains well above its more significant rising 200-day simple moving average now at 1017.76. Support 1036.31 and 1029.54. Resistance 1114.81, 1121.44, 1131.32 and 1150.45.
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
1158.76, EW ABC measured move target
1150.45, high of 1/19/2010
1131.32, low of 1/7/2010
1121.44, Gann 50.0% of 2007-2009 range
1114.81, low of 12/31/2009
1104.73, high of 2/2/2010
S&P 500 Cash Index Potential Support
1036.31, Fibonacci 23.6% of 2009-2010 range
1029.54, 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
969.08, Gann 37.5% of 2009-2010 range
965.69, Fibonacci 38.2% of 2009-2010 range
956.23, high of 6/11/2009
908.62, Gann 50.0% of 2009-2010 range
869.32, low of 7/8/2009
851.55, 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
6.20% Short 200% MidCap 400 PS, MZZ
6.17% Short 200% S&P 500 PS, SDS
5.77% Short 200% QQQ PS, QID
4.98% Short 200% Dow 30 PS, DXD
3.18% Short 100% MidCap 400, MYY
3.07% Short 100% S&P 500, SH
2.89% Short 100% QQQ, PSQ
2.51% Short 100% Dow 30, DOG
1.58% Bond, 20+ Years Treasury, TLT
0.82% Bond, 10 Year Treasury, IEF
0.27% Bond, TIPS, TIP
0.24% Bond, Aggregate, AGG
0.14% Bond, 1-3 Year Treasury, SHY
-0.01% Bond, Corp, LQD
-1.09% Preferred Stock iS, PFF
-1.35% Retail, PMR
-1.42% Bond, High-Yield Corporate, HYG
-1.47% Dividend High Yield Equity PS, PEY
-1.67% Short 200% Bond 7-10 Yr T, PST
-1.85% Financial Preferred, PGF
-1.89% Japan Index, EWJ
-2.03% Consumer Staples SPDR, XLP
-2.05% Dividend SPDR, SDY
-2.09% Telecom H, TTH
-2.16% Retail H, RTH
-2.22% Dividend Leaders, FDL
-2.25% Dividend Achievers PS, PFM
-2.27% Internet Architecture H, IAH
-2.29% Insurance, PIC
-2.31% Value 40 Large Low P/E FT DB, FDV
-2.31% Internet Infrastructure H, IIH
-2.33% Dividend DJ Select, DVY
-2.35% Consumer Staples VIPERs, VDC
-2.35% Pharmaceutical H, PPH
-2.35% Software H, SWH
-2.45% Malaysia Index, EWM
-2.50% Utilities H, UTH
-2.52% DIAMONDS (DJIA), DIA
-2.52% Value SmallCap Dynamic PS, PWY
-2.53% Health Care SPDR, XLV
-2.53% Japan LargeCap Blend TOPIX 150, ITF
-2.56% Telecommunications Global, IXP
-2.57% Healthcare Global, IXJ
-2.58% Utilities, PUI
-2.58% Utilities DJ, IDU
-2.59% Dividend Appreciation Vipers, VIG
-2.59% Biotech H, BBH
-2.60% Internet H, HHH
-2.62% Utilities SPDR, XLU
-2.67% Leisure & Entertainment, PEJ
-2.68% Utilities VIPERs, VPU
-2.70% Consumer Non-Cyclical, IYK
-2.72% Healthcare DJ, IYH
-2.74% Aerospace & Defense, PPA
-2.75% Telecommunications & Wireless, PTE
-2.77% Value LargeCap NYSE 100 iS, NY
-2.80% Technology SPDR, XLK
-2.80% OTC Dynamic PS, PWO
-2.81% Health Care VIPERs, VHT
-2.82% Pacific VIPERs, VPL
-2.83% Wilshire 5000 ST TM, TMW
-2.83% Value LargeCap Dynamic PS, PWV
-2.83% Taiwan Index, EWT
-2.83% Technology DJ US, IYW
-2.84% Technology GS, IGM
-2.84% Consumer Cyclical DJ, IYC
-2.85% Growth 1000 Russell, IWF
-2.86% Value SmallCap S&P 600 B, IJS
-2.87% LargeCap Rydex Rus Top 50, XLG
-2.88% Growth LargeCap Russell 3000, IWZ
-2.88% Value MidCap S&P 400 B, IJJ
-2.89% Growth LargeCap NASDAQ 100, QQQQ
-2.89% Consumer Discretionary SPDR, XLY
-2.90% Lg Cap Growth PSD, PWB
-2.90% Technology Global, IXN
-2.92% Technology MS sT, MTK
-2.94% Info Tech VIPERs, VGT
-2.95% Industrial SPDR, XLI
-2.97% Growth LargeCap NASDAQ Fidelity, ONEQ
-2.98% LargeCap Blend S&P 100, OEF
-3.00% LargeCap Blend Socially Responsible iS, KLD
-3.00% Software, IGV
-3.01% Value Small Cap DJ, DSV
-3.02% Telecom DJ US, IYZ
-3.02% SmallCap S&P 600, IJR
-3.03% Canada Index, EWC
-3.03% Pharmaceuticals, PJP
-3.05% Growth LargeCap iS M, JKE
-3.06% S&P 500 iS LargeCap Blend, IVV
-3.06% LargeCap Blend S&P 1500 iS, ISI
-3.07% Telecom Services VIPERs, VOX
-3.07% Consumer D. VIPERs, VCR
-3.08% LargeCap 1000 R, IWB
-3.09% S&P 500 SPDRs LargeCap Blend, SPY
-3.09% Growth S&P 500/BARRA, IVW
-3.10% Transportation Av DJ, IYT
-3.11% Value MidCap iS M, JKI
-3.11% LargeCap VIPERs, VV
-3.11% Blend Total Market VIPERs, VTI
-3.11% LargeCap Blend Total Market DJ, IYY
-3.13% Homebuilders SPDR, XHB
-3.13% LargeCap Blend Core iS M, JKD
-3.14% Value Large Cap DJ, ELV
-3.15% Industrial LargeCap Blend DJ US, IYJ
-3.15% Microcap Russell, IWC
-3.16% Growth VIPERs, VUG
-3.17% LargeCap Blend Russell 3000, IWV
-3.17% Value VIPERs, VTV
-3.19% Networking, IGN
-3.19% Value MidCap Dynamic PS, PWP
-3.20% Industrials VIPERs, VIS
-3.20% Short 200% US T Bond, TBT
-3.21% Value S&P 500 B, IVE
-3.22% LargeCap Blend Dynamic PS, PWC
-3.23% Food & Beverage, PBJ
-3.24% Growth BARRA Small Cap 600, IJT
-3.25% Value Line Timeliness MidCap Gr, PIV
-3.25% Value LargeCap iS M, JKF
-3.26% MidCap S&P 400 iS, IJH
-3.28% MidCap S&P 400 SPDRs, MDY
-3.28% Growth SmallCap R 2000, IWO
-3.29% IPOs, First Tr IPOX-100, FPX
-3.29% Water Resources, PHO
-3.29% Biotech & Genome, PBE
-3.29% Singapore Index, EWS
-3.29% Value SmallCap VIPERS, VBR
-3.30% Hong Kong Index, EWH
-3.32% Value MidCap Russell, IWS
-3.33% Commodity Tracking, DBC
-3.34% SmallCap Russell 2000, IWM
-3.34% Value SmallCap Russell 2000, IWN
-3.34% LargeCap Blend S&P=Weight R, RSP
-3.36% Dividend International, PID
-3.38% Value SmallCap S&P 600, RZV
-3.38% Global Titans, DGT
-3.38% Extended Mkt VIPERs, VXF
-3.38% Value LargeCap Russell 3000, IWW
-3.39% Growth Mid Cap Dynamic PS, PWJ
-3.42% Value 1000 Russell, IWD
-3.43% Small Cap VIPERs, VB
-3.44% Growth Large Cap, ELG
-3.45% MidCap Russell, IWR
-3.47% Value S&P 500, RPV
-3.47% MidCap Blend Core iS M, JKG
-3.49% Growth MidCap Russell, IWP
-3.50% Asia 50 BLDRS, ADRA
-3.51% Value SmallCap iS M, JKL
-3.51% Semiconductors, PSI
-3.51% Growth SmallCap iS M, JKK
-3.51% SmallCap PS Zacks, PZJ
-3.51% SmallCap Core iS M, JKJ
-3.57% South Korea Index, EWY
-3.57% Growth MidCap 400 B, IJK
-3.64% MidCap Growth iS M, JKH
-3.64% Growth SmallCap Dynamic PS, PWT
-3.65% Financials VIPERs, VFH
-3.66% MidCap VIPERs, VO
-3.67% Software, PSJ
-3.67% REIT Wilshire, RWR
-3.69% Micro Cap Zachs, PZI
-3.70% REIT VIPERs, VNQ
-3.72% Value LargeCap Fundamental RAFI 1000, PRF
-3.73% LargeCap Blend NYSE Composite iS, NYC
-3.73% Materials SPDR, XLB
-3.74% Real Estate US DJ, IYR
-3.75% Mexico Index, EWW
-3.75% Growth Small Cap DJ, DSG
-3.76% Realty Cohen & Steers, ICF
-3.80% Growth S&P 500, RPG
-3.83% Growth SmallCap VIPERs, VBK
-3.87% Nanotech Lux, PXN
-3.88% Semiconductor H, SMH
-3.88% Financial DJ US, IYF
-3.89% United Kingdom Index, EWU
-3.96% Energy DJ, IYE
-3.96% Europe 100 BLDRS, ADRU
-3.98% Gold Shares S.T., GLD
-3.99% Global 100, IOO
-4.01% Switzerland Index, EWL
-4.04% Materials VIPERs, VAW
-4.07% EAFE Index, EFA
-4.08% Germany Index, EWG
-4.10% Growth MidCap S&P 400, RFG
-4.10% Energy SPDR, XLE
-4.12% Financial Services DJ, IYG
-4.21% Building & Construction, PKB
-4.21% Energy VIPERs, VDE
-4.21% Value EAFE MSCI, EFV
-4.22% Growth EAFE MSCI, EFG
-4.25% Bank Regional H, RKH
-4.25% Pacific ex-Japan, EPP
-4.27% Natural Resource iS GS, IGE
-4.29% Developed 100 BLDRS, ADRD
-4.31% Financial SPDR, XLF
-4.32% Semiconductor iS GS, IGW
-4.32% Energy Global, IXC
-4.33% India Earnings WTree, EPI
-4.38% Austria Index, EWO
-4.43% Belgium Index, EWK
-4.44% Basic Materials DJ US, IYM
-4.49% Capital Markets KWB ST, KCE
-4.52% Emerging Markets, EEM
-4.55% Europe 350 S&P Index, IEV
-4.57% Emerging VIPERs, VWO
-4.57% China 25 iS, FXI
-4.60% Biotech SPDR, XBI
-4.62% Netherlands Index, EWN
-4.64% Value LargeCap Euro STOXX 50 DJ, FEU
-4.64% Energy Exploration & Prod, PXE
-4.75% Australia Index, EWA
-4.77% Semiconductor SPDR, XSD
-4.79% Oil Services H, OIH
-4.81% China LargeCap Growth G D H USX PS, PGJ
-4.90% European VIPERs, VGK
-4.91% Oil, Crude, U.S. Oil Fund, USO
-4.92% South Africa Index, EZA
-5.01% Ultra Dow30 Double, DDM
-5.04% Oil & Gas, PXJ
-5.06% Emerging 50 BLDRS, ADRE
-5.15% France Index, EWQ
-5.23% EMU Europe Index, EZU
-5.26% Financials Global LargeCap Value, IXG
-5.27% Sweden Index, EWD
-5.34% Latin Am 40, ILF
-5.37% Italy Index, EWI
-5.68% Ultra QQQ Double, QLD
-5.93% Euro STOXX 50, FEZ
-5.96% Brazil Index, EWZ
-6.11% Ultra S&P500 Double, SSO
-6.32% Ultra MidCap400 Double, MVV
-6.37% WilderHill Clean Energy PS, PBW
-6.41% Silver Trust iS, SLV
-6.88% Metals & Mining SPDR, XME
-7.64% Spain Index, EWP
-10.73% Internet B2B H, BHH
