Industrial Stock Sector Relative Strength Ratio (XLI/SPY) rose above 4-week highs on 2/11/10. XLI/SPY has moderately outperformed since the market bottom on 3/6/09. XLI/SPY rose further above rising 50-day and 200-day simple moving averages.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) rose further above its 50-day and 200-day simple moving averages on 2/11/10, which is relatively bullish.
Commodity, oil, gold, and copper prices rose above the highs of the previous 4 trading days.
Utilities Stock Sector Relative Strength Ratio (XLU/SPY) fell below the lows of the previous 2 months on 2/11/10. XLU/SPY remains below both its 50-day and 200-day simple moving averages.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) fell further below 10-week lows on 2/11/10.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) turned down after 1/8/10 and sagged below its 50-day simple moving average. TIP/IEF remains above its rising 200-day simple moving average. Investors appear less concerned about inflation since 1/8/10.
S&P 500 Composite (SPX) rose above the highs of the previous 5 trading days. Volume of trading rose on Thursday, thereby confirming the significance of the price upturn. Various short-term momentum oscillators, such as RSI 14, also rose above the highs of the previous 5 trading days, after showing bullish divergence compared to price. SPX remains well above its rising 200-day simple moving average now at 1023.08.
The stock market appears to have gone through a typical short-term correction within a long-term uptrend.
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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
12.04% , AYE , ALLEGHENY ENERGY
1.31% , ADRU , Europe 100 BLDRS, ADRU
8.84% , LEN , Lennar Corp. (LEN)
6.72% , CVG , CONVERGYS
1.79% , PZJ , SmallCap PS Zacks, PZJ
4.89% , KSU , Kansas City Southern, KSU
5.80% , WYNN , Wynn Resorts L
1.57% , PWT , Growth SmallCap Dynamic PS, PWT
3.97% , PM , Philip Morris, PM
4.60% , CSX , CSX
5.64% , CAT , CATERPILLAR
1.79% , DSG , Growth Small Cap DJ, DSG
1.06% , NYC , LargeCap Blend NYSE Composite iS, NYC
3.95% , LIZ , LIZ CLAIRBORNE
3.75% , Q , QWEST COMMUNICAT
1.60% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
5.54% , CMI , CUMMINS
1.27% , PWP , Value MidCap Dynamic PS, PWP
3.67% , XRX , XEROX
3.92% , CTB , COOPER TIRE
0.58% , IIH , Internet Infrastructure H, IIH
1.65% , XBI , Biotech SPDR, XBI
3.09% , RHT , Red Hat Inc.
3.69% , ASH , ASHLAND
2.64% , VFC , VF
4.54% , DE , DEERE & CO
3.29% , TBH , Telebras HOLDRS, TBH
4.71% , MRVL , MARVELL TECHNOLOGY
2.10% , MMM , 3M
2.67% , ADRE , Emerging 50 BLDRS, ADRE
2.53% , TEVA , Teva Pharmaceutical Industries Limited
2.19% , BBBY , BED BATH BEYOND
2.50% , R , RYDER SYSTEM
1.86% , PXQ , Networking, PXQ
3.21% , LRCX , LAM RESEARCH CORP
0.88% , VDC , Consumer Staples VIPERs, VDC
4.03% , XME , Metals & Mining SPDR, XME
2.32% , CEG , CONSTELL ENERGY
2.13% , XLNX , XILINX
3.97% , WOR , WORTHINGTON INDS
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-9.89% , BSX , BOSTON SCIENT
-4.51% , FE , FIRSTENERGY
-5.03% , MAS , MASCO
-5.60% , ECL , ECOLAB
-4.68% , PLD , PROLOGIS TRUST
-1.55% , MYY , Short 100% MidCap 400, MYY
-2.96% , AN , AUTONATION
-4.91% , MBI , MBIA
-2.31% , XRAY , DENTSPLY International Inc
-0.91% , TDC , Teradata Corporation, TDC
-1.95% , APOL , APOLLO GROUP
-3.85% , FNM , FANNIE MAE
-2.22% , STI , SUNTRUST BANKS
-0.77% , VIA.B , VIACOM STK B
-0.73% , VIA , VIACOM INC. (New)
-0.37% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-1.31% , EXC , EXELON CORP
-0.59% , PRU , PRUDENTIAL FINL
-1.42% , MS , MORGAN STANLEY
-1.89% , ZION , ZIONS
-0.45% , EXPD , Expeditors International WA
-3.06% , QID , Short 200% QQQ PS, QID
-0.33% , SNPS , Synopsys Inc
-0.61% , UPS , UNITED PARCEL STK B
-0.60% , AMGN , AMGEN
-2.13% , SDS , Short 200% S&P 500 PS, SDS
-0.80% , URBN , Urban Outfitters Inc.
-0.41% , FEZ , Euro STOXX 50, FEZ
-0.79% , PGN , PROGRESS ENERGY
-2.05% , DXD , Short 200% Dow 30 PS, DXD
-0.21% , BAX , BAXTER INTL
-0.30% , WMT , WAL MART STORES
-0.52% , KSS , KOHLS
-2.32% , MZZ , Short 200% MidCap 400 PS, MZZ
-0.10% , EWG , Germany Index, EWG
-0.10% , EWI , Italy Index, EWI
-0.24% , TJX , TJX
-0.17% , AGG , Bond, Aggregate, AGG
-0.18% , IP , INTL PAPER
-0.37% , ADBE , ADOBE SYS
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 6 months on 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 28.21 and 26.62. 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 6 months on 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 30.27, 30.65 and 29.55. Resistance 32.12, 33.16, 33.37 and 33.74.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) rose above 4-week highs on 2/11/10. XLI/SPY has moderately outperformed since the market bottom on 3/6/09. XLI/SPY rose further above rising 50-day and 200-day simple moving averages. Absolute price of XLI fell below 3-month lows on 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 26.66 and 25.20. Resistance 28.41, 29.61, 30.56 and 32.00.
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 3-month lows on 2/5/10. 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 20.71, 20.46 and 20.09. Resistance 21.51, 22.05, 22.59, 22.87, and 23.05.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above the highs of the previous 10 weeks and above its 200-day simple moving average on 2/8/10. XLP/SPY remains above its 50-day simple moving average. Absolute price of XLP fell below 2 month lows on 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 26.05, 25.96 and 25.77. Resistance 26.81, 27.04, 27.18 and 29.29.
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 until 1/29/10. Absolute price of XLB fell below 13-week lows on 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 29.48, 28.95 and 28.67. Resistance 31.62, 32.57, 33.73 and 34.52.
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 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 52.67 and 51.34. Resistance 57.36, 57.72, 58.52 and 59.90.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) fell below the lows of the previous 2 months on 2/11/10. 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 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 28.45 and 28.10. Resistance 29.98, 31.30, 31.64 and 32.08.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) was in a downward correction from 10/14/09 to 12/17/09 after outperforming from 3/6/09 to 10/14/09. XLF/SPY appears to be attempting to stabilize in recent weeks but remains below its 50- and 200-day simple moving averages. Absolute price of XLF fell below the lows of the previous 6 months on 2/5/10. Price remains below its 50-day but above its 200-day simple moving average. Support 13.51 and 13.08. Resistance 14.60, 14.68, 15.40 and 15.76.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 5 months on 2/8/10. In addition, absolute price of EEM fell below the lows of the previous 5 months on 2/5/10. EEM/SPY remains below both its 50-day and 200-day simple moving averages. Absolute price remains below its 50-day but above its 200-day simple moving average. 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 10 months on 2/8/10. EFA /SPY is below its 50-day and 200-day simple moving averages. Absolute price of EFA fell below the lows of the previous 5 months on 2/5/10 and is below its 50-day but above its 200-day simple moving average. EFA has underperformed the SPY since 9/9/09.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above its rising 50-day simple moving average on 2/5/10 and remains above its rising 200-day simple moving average. Absolute price fell below 3-month lows on 2/5/10. Price remains below its 50-day but above its 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) fell below 5-week lows and below its 50-day simple moving average on 2/8/10. IWD/SPY remains below its 200-day simple moving average. 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. Price remains below its 50-day but above its 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. Absolute price remains below its 50-day but above its 200-day simple moving average.
The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) rose further above its 50-day and 200-day simple moving averages on 2/11/10, which is relatively bullish. Absolute price remains below its 50-day but above its 200-day simple moving average.
The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) rose further above its rising 50- and 200-day simple moving averages on 2/11/10, which is relatively bullish. Absolute price of MDY remains below its 50-day but above its 200-day simple moving average.
CRB Index of commodity prices rose above the highs of the previous 4 trading days and a 1-month downtrend line on 2/11/10.
Crude Oil nearest futures contract price rose above the highs of the previous 4 trading days on 2/11/10. Oil remains below its 50-day but above 200-day simple moving average. Support 69.50, 68.59 and 65.05. Resistance 78.04, 79.47, 80.36, 83.95, 85.82 and 98.65.
Gold nearest futures contract price rose above the highs of the previous 4 trading days on 2/11/10. It appears possible that Gold may have just completed a normal correction in a bull market. Gold price 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) remains below both 50- and 200-day simple moving averages. The gold mining stocks have underperformed gold bullion since 9/17/09. Absolute price of GDX fell below the lows of the previous 5 months on 2/5/10 and remains below its 50-day simple moving average.
Silver/Gold Ratio firmed slightly in recent days. The Ratio fell sharply from 1/19/10 to 2/8/10, breaking below both 50- and 200-day simple moving averages. It has been trending lower since its peak on 9/16/09, following 11 months of rising trend. Weakness in the Silver/Gold Ratio suggested doubts about prospects for the world economy.
Copper nearest futures contract price rose above the highs of the previous 8 trading days on 2/11/10. Strength in Copper suggests renewed hope about prospects for the world economy. Support 2.811, 2.64 and 2.4575. Resistance 3.144, 3.267, 3.47, 3.544, 3.5625, 3.5625, and 3.79.
U.S. Treasury Bond nearest futures contract price broke down 3-week lows on 2/11/10. The Bond price fell back below both its falling 50-day and 200-day simple moving averages on 2/10/10, thereby signaling a weak technical position. Support 116.22, 115.24, 114.16, 113.04 and 112.15. Resistance 119.18, 120.11 and 123.18.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) fell further below 10-week lows on 2/11/10. JNK/LQD remains below its 50-day but above its rising 200-day simple moving average. Absolute price of JNK also remains below its 50-day but above its rising 200-day simple moving average.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) turned down after 1/8/10 and sagged below its 50-day simple moving average. TIP/IEF remains above its rising 200-day simple moving average. Investors appear less concerned about inflation since 1/8/10.
The U.S. dollar nearest futures contract price broke out above 7-month highs on 2/5/10, again 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 79.65, 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 34.1% Bulls versus 26.1% Bears as of 2/10/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio collapsed to a below-average 1.31, 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 1.51, and the mean is 1.57.
VIX Fear Index jumped to a 3-month high at 29.22 on 2/5/10, 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 rose to 28.64 on 2/5/10, 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) rose above the highs of the previous 5 trading days on 2/11/10. Various short-term momentum oscillators, such as RSI 14, rose above the highs of the previous 5 trading days, after showing bullish divergence compared to price. The stock market appears to have gone through a typical short-term correction within a long-term uptrend. SPX fell 8.13% over 14 trading days, from a high close on 1/19/10 to the low close on 2/8/10. This was 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 much more significant rising 200-day simple moving average now at 1023.08. Support 1044.50, 1036.31 and 1029.54. Resistance 1104.73, 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
1083.74, low of 11/27/2009
S&P 500 Cash Index Potential Support
1044.50, low of 2/5/2010
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
4.03% Metals & Mining SPDR, XME
3.58% South Africa Index, EZA
3.49% Australia Index, EWA
2.97% Latin Am 40, ILF
2.93% Ultra QQQ Double, QLD
2.81% Silver Trust iS, SLV
2.80% Pacific ex-Japan, EPP
2.72% China 25 iS, FXI
2.67% Emerging 50 BLDRS, ADRE
2.66% Internet B2B H, BHH
2.65% Ultra MidCap400 Double, MVV
2.64% Emerging Markets, EEM
2.62% China LargeCap Growth G D H USX PS, PGJ
2.46% Emerging VIPERs, VWO
2.45% Brazil Index, EWZ
2.43% Oil Services H, OIH
2.42% India Earnings WTree, EPI
2.40% Homebuilders SPDR, XHB
2.39% Sweden Index, EWD
2.39% Micro Cap Zachs, PZI
2.35% South Korea Index, EWY
2.33% Energy Global, IXC
2.29% Basic Materials DJ US, IYM
2.29% Canada Index, EWC
2.27% Value SmallCap S&P 600, RZV
2.27% Natural Resource iS GS, IGE
2.25% WilderHill Clean Energy PS, PBW
2.22% Building & Construction, PKB
2.14% Networking, IGN
2.13% Semiconductor SPDR, XSD
2.07% Energy Exploration & Prod, PXE
2.07% Semiconductor iS GS, IGW
2.06% Ultra Dow30 Double, DDM
2.05% Mexico Index, EWW
2.05% Ultra S&P500 Double, SSO
2.05% Microcap Russell, IWC
2.04% Growth MidCap S&P 400, RFG
1.91% Gold Shares S.T., GLD
1.88% Internet H, HHH
1.87% Oil & Gas, PXJ
1.85% Asia 50 BLDRS, ADRA
1.81% Hong Kong Index, EWH
1.80% Growth SmallCap iS M, JKK
1.80% Growth SmallCap VIPERs, VBK
1.79% SmallCap PS Zacks, PZJ
1.79% Growth Small Cap DJ, DSG
1.78% Semiconductor H, SMH
1.74% Growth SmallCap R 2000, IWO
1.74% Energy VIPERs, VDE
1.73% Value Line Timeliness MidCap Gr, PIV
1.73% United Kingdom Index, EWU
1.73% Nanotech Lux, PXN
1.70% Materials SPDR, XLB
1.70% Energy SPDR, XLE
1.69% Transportation Av DJ, IYT
1.67% Extended Mkt VIPERs, VXF
1.65% Biotech SPDR, XBI
1.65% Small Cap VIPERs, VB
1.63% Industrials VIPERs, VIS
1.63% Value SmallCap iS M, JKL
1.63% Value SmallCap S&P 600 B, IJS
1.62% Growth Large Cap, ELG
1.62% Technology MS sT, MTK
1.60% Water Resources, PHO
1.60% Growth LargeCap NASDAQ Fidelity, ONEQ
1.60% Growth MidCap 400 B, IJK
1.59% SmallCap Russell 2000, IWM
1.57% Austria Index, EWO
1.57% Growth SmallCap Dynamic PS, PWT
1.57% Energy DJ, IYE
1.56% Growth MidCap Russell, IWP
1.53% Value SmallCap VIPERS, VBR
1.53% Materials VIPERs, VAW
1.51% Growth LargeCap NASDAQ 100, QQQQ
1.50% Industrial SPDR, XLI
1.48% MidCap Growth iS M, JKH
1.46% Industrial LargeCap Blend DJ US, IYJ
1.45% Semiconductors, PSI
1.45% MidCap VIPERs, VO
1.44% Value SmallCap Russell 2000, IWN
1.43% Growth S&P 500, RPG
1.43% Switzerland Index, EWL
1.40% MidCap Russell, IWR
1.39% SmallCap Core iS M, JKJ
1.38% MidCap S&P 400 SPDRs, MDY
1.37% SmallCap S&P 600, IJR
1.37% Value MidCap Russell, IWS
1.36% Growth Mid Cap Dynamic PS, PWJ
1.36% Growth BARRA Small Cap 600, IJT
1.36% Biotech & Genome, PBE
1.36% Technology Global, IXN
1.35% Technology DJ US, IYW
1.34% MidCap S&P 400 iS, IJH
1.34% Leisure & Entertainment, PEJ
1.34% Growth VIPERs, VUG
1.32% Info Tech VIPERs, VGT
1.31% Europe 100 BLDRS, ADRU
1.30% Retail, PMR
1.30% Technology GS, IGM
1.29% OTC Dynamic PS, PWO
1.27% Value MidCap Dynamic PS, PWP
1.26% Software, PSJ
1.26% Pharmaceuticals, PJP
1.25% IPOs, First Tr IPOX-100, FPX
1.25% Growth S&P 500/BARRA, IVW
1.23% Telecommunications & Wireless, PTE
1.23% Value MidCap S&P 400 B, IJJ
1.23% Internet Architecture H, IAH
1.22% Software, IGV
1.21% Consumer D. VIPERs, VCR
1.20% Singapore Index, EWS
1.19% MidCap Blend Core iS M, JKG
1.18% Commodity Tracking, DBC
1.18% Consumer Discretionary SPDR, XLY
1.16% Healthcare Global, IXJ
1.14% Value SmallCap Dynamic PS, PWY
1.13% Pacific VIPERs, VPL
1.13% Value LargeCap Fundamental RAFI 1000, PRF
1.12% Value 1000 Russell, IWD
1.11% LargeCap Blend Core iS M, JKD
1.11% Short 200% US T Bond, TBT
1.11% LargeCap Blend S&P=Weight R, RSP
1.11% Telecom Services VIPERs, VOX
1.10% LargeCap 1000 R, IWB
1.10% Consumer Non-Cyclical, IYK
1.10% Value Small Cap DJ, DSV
1.09% Biotech H, BBH
1.09% Growth LargeCap iS M, JKE
1.08% Growth EAFE MSCI, EFG
1.07% Blend Total Market VIPERs, VTI
1.07% Global 100, IOO
1.07% LargeCap Blend Socially Responsible iS, KLD
1.06% LargeCap Blend Total Market DJ, IYY
1.06% LargeCap Blend NYSE Composite iS, NYC
1.05% DIAMONDS (DJIA), DIA
1.05% Belgium Index, EWK
1.05% LargeCap Blend S&P 100, OEF
1.05% Dividend International, PID
1.05% LargeCap VIPERs, VV
1.05% S&P 500 SPDRs LargeCap Blend, SPY
1.04% Technology SPDR, XLK
1.04% LargeCap Blend Dynamic PS, PWC
1.03% Growth LargeCap Russell 3000, IWZ
1.02% S&P 500 iS LargeCap Blend, IVV
1.02% Taiwan Index, EWT
1.01% Developed 100 BLDRS, ADRD
1.01% Wilshire 5000 ST TM, TMW
1.00% LargeCap Blend Russell 3000, IWV
1.00% Food & Beverage, PBJ
0.98% Value LargeCap Russell 3000, IWW
0.97% Dividend Appreciation Vipers, VIG
0.97% Dividend DJ Select, DVY
0.96% Value MidCap iS M, JKI
0.96% Japan LargeCap Blend TOPIX 150, ITF
0.96% Growth 1000 Russell, IWF
0.95% Dividend SPDR, SDY
0.94% REIT VIPERs, VNQ
0.93% REIT Wilshire, RWR
0.93% LargeCap Blend S&P 1500 iS, ISI
0.93% Lg Cap Growth PSD, PWB
0.93% EAFE Index, EFA
0.93% Consumer Cyclical DJ, IYC
0.90% Aerospace & Defense, PPA
0.90% Value S&P 500, RPV
0.89% Retail H, RTH
0.88% Consumer Staples VIPERs, VDC
0.87% Real Estate US DJ, IYR
0.86% Value LargeCap Dynamic PS, PWV
0.85% European VIPERs, VGK
0.84% Value VIPERs, VTV
0.82% Dividend Achievers PS, PFM
0.81% Dividend High Yield Equity PS, PEY
0.81% Value EAFE MSCI, EFV
0.80% Consumer Staples SPDR, XLP
0.80% Global Titans, DGT
0.78% Value LargeCap NYSE 100 iS, NY
0.77% Telecom DJ US, IYZ
0.76% Value S&P 500 B, IVE
0.76% Value 40 Large Low P/E FT DB, FDV
0.74% Utilities VIPERs, VPU
0.74% Oil, Crude, U.S. Oil Fund, USO
0.73% Healthcare DJ, IYH
0.73% Pharmaceutical H, PPH
0.73% Europe 350 S&P Index, IEV
0.71% Health Care VIPERs, VHT
0.69% Utilities DJ, IDU
0.69% LargeCap Rydex Rus Top 50, XLG
0.68% Health Care SPDR, XLV
0.67% Malaysia Index, EWM
0.67% Value Large Cap DJ, ELV
0.65% Utilities, PUI
0.60% Realty Cohen & Steers, ICF
0.59% Utilities SPDR, XLU
0.58% Internet Infrastructure H, IIH
0.55% Value LargeCap iS M, JKF
0.55% Netherlands Index, EWN
0.51% Dividend Leaders, FDL
0.51% Japan Index, EWJ
0.43% Financials VIPERs, VFH
0.41% Capital Markets KWB ST, KCE
0.40% Bond, High-Yield Corporate, HYG
0.36% Financial Preferred, PGF
0.34% Financial DJ US, IYF
0.32% Preferred Stock iS, PFF
0.31% Telecom H, TTH
0.31% Software H, SWH
0.30% Insurance, PIC
0.29% Utilities H, UTH
0.26% Financials Global LargeCap Value, IXG
0.25% Short 200% Bond 7-10 Yr T, PST
0.24% Telecommunications Global, IXP
0.23% Bond, Corp, LQD
0.22% Financial SPDR, XLF
0.10% Financial Services DJ, IYG
0.04% Bond, 1-3 Year Treasury, SHY
-0.09% France Index, EWQ
-0.10% Germany Index, EWG
-0.10% Italy Index, EWI
-0.12% Bank Regional H, RKH
-0.12% Bond, 10 Year Treasury, IEF
-0.17% Bond, Aggregate, AGG
-0.18% EMU Europe Index, EZU
-0.24% Bond, TIPS, TIP
-0.37% Value LargeCap Euro STOXX 50 DJ, FEU
-0.41% Euro STOXX 50, FEZ
-0.54% Bond, 20+ Years Treasury, TLT
-0.92% Spain Index, EWP
-1.01% Short 100% S&P 500, SH
-1.09% Short 100% Dow 30, DOG
-1.45% Short 100% QQQ, PSQ
-1.55% Short 100% MidCap 400, MYY
-2.05% Short 200% Dow 30 PS, DXD
-2.13% Short 200% S&P 500 PS, SDS
-2.32% Short 200% MidCap 400 PS, MZZ
-3.06% Short 200% QQQ PS, QID