Stocks finished mixed to slightly higher on Wednesday. The correction or consolidation since the peak on Thursday 4/15/10 may have further running time left on the clock.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) and absolute price both rose above previous highs and remain bullish. XLY has been my strongest ranked sector for many months.
Industrial Stock Sector Relative Strength Ratio (XLI/SPY) rose above 16-month highs and remains bullish.
Materials Stock Sector Relative Strength Ratio (XLB/SPY) fell below 7-week lows and remains bearish.
Health Care Stock Sector Relative Strength Ratio (XLV/SPY) fell below 18-month lows and the 50-day crossed below the 200-day simple moving average, which is bearish. Absolute price of XLV fell below 7-week lows and is neutral relative to 50- and 200-day averages.
Foreign Stocks Relative Strength Ratio (EFA/SPY) fell below 12-month lows. EFA/SPY has been bearish since peaking on 9/9/09.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above 17-month highs. Absolute price of IWM rose above 17-month highs. Both remain in bullish position relative to key moving averages.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above previous 6-year highs and remains bullish.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs and remains bullish.
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.
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.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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
11.50% , TUP , TUPPERWARE
13.04% , HBAN , HUNTINGTON
6.38% , CTB , COOPER TIRE
6.75% , ATI , ALLEGHENY TECH
6.02% , AN , AUTONATION
4.84% , R , RYDER SYSTEM
4.30% , BC , BRUNSWICK
3.85% , BA , BOEING
1.87% , CHRW.O , CH Robinson Worldwide Inc, CHRWD
4.20% , KEY , KEYCORP
2.82% , ETFC.O , E*TRADE FINANCIAL
2.79% , CMA , COMERICA
3.68% , UTX , UNITED TECH
5.92% , LIZ , LIZ CLAIRBORNE
1.62% , GENZ , GENZYME
2.36% , FITB , FIFTH THIRD BANC
1.57% , PPA , Aerospace & Defense, PPA
1.85% , UIS , UNISYS
1.72% , MTG , MGIC INVESTMENT
1.72% , FPX , IPOs, First Tr IPOX-100, FPX
5.65% , CECO , CAREER EDUCATION CORP
2.21% , LEG , LEGGETT & PLATT
2.32% , MWV , MEADWESTVACO
1.58% , BHH , Internet B2B H, BHH
3.56% , ZEUS , Olympic Steell, ZEUS
2.27% , EMC , EMC
4.04% , MS , MORGAN STANLEY
5.98% , AAPL , APPLE COMPUTER
3.50% , HP , Helmerich & Payne HP
6.77% , MI , MARSHAL & ILSLEY
2.21% , EQR , EQUITY RESIDENT BEN INT
1.73% , JNY , JONES APPAREL
1.11% , RHI , ROBERT HALF
0.95% , LH , LAB CRP OF AMER
2.12% , WOR , WORTHINGTON INDS
1.87% , IYR , Real Estate US DJ, IYR
2.70% , EXPD , Expeditors International WA
2.12% , COL , ROCKWELL COLLINS
1.51% , GNTX , Gentex Corporation
1.28% , EWY , South Korea Index, EWY
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-9.56% , GILD , Gilead Sciences Inc
-9.42% , SNV , SYNOVUS
-0.74% , TTH , Telecom H, TTH
-3.66% , MRK , MERCK & CO
-0.61% , IYZ , Telecom DJ US, IYZ
-4.36% , TNB , THOMAS & BETTS
-1.45% , IXJ , Healthcare Global, IXJ
-3.77% , BBH , Biotech H, BBH
-0.68% , FDV , Value 40 Large Low P/E FT DB, FDV
-5.27% , MCO , MOODYS CORP
-2.96% , FCX , FREEPRT MCMORAN STK B
-2.63% , DGX , QUEST DIAG
-5.06% , YHOO , YAHOO
-1.68% , IYH , Healthcare DJ, IYH
-0.40% , MYY , Short 100% MidCap 400, MYY
-2.28% , ALTR , ALTERA
-0.99% , EIS , Israel MSCI iS, EIS
-2.61% , NSM , NATL SEMICONDUCT
-1.11% , EWQ , France Index, EWQ
-2.09% , CEPH , Cephalon Inc
-1.68% , XBI , Biotech SPDR, XBI
-1.75% , XLV , Health Care SPDR, XLV
-1.05% , BDH , Broadband H, BDH
-2.44% , EWP , Spain Index, EWP
-0.43% , EWL , Switzerland Index, EWL
-2.41% , ABT , ABBOTT LABS
-2.44% , AMGN , AMGEN
-2.02% , WFC , WELLS FARGO
-0.61% , PID , Dividend International, PID
-1.62% , TBT , 200% Short US T Bond, TBT
-0.73% , PST , 200% Short Bond 7-10 Yr T, PST
-2.12% , PGR , PROGRESSIVE OHIO
-1.71% , PPH , Pharmaceutical H, PPH
-1.52% , QCOM , QUALCOMM
-1.47% , PMCS , PMC SIERRA
-0.73% , IFF , INTL FLAV & FRAG
-1.03% , RKH , Bank Regional H, RKH
-2.15% , HRB , H&R BLOCK
-1.62% , BAX , BAXTER INTL
-0.87% , EWI , Italy Index, EWI
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 5-year highs on 4/21/10 and remains bullish. Absolute price of XLY closed above 2-year highs on 4/21/10 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 35.14 and 38.25.
Industrial (XLI) Bullish, Overweight. The Relative Strength Ratio (XLI/SPY) rose above 16-month highs on 4/21/10 and remains bullish. Absolute price of XLI moved above 17-month highs on 4/15/10 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 2-month highs on 4/16/10. Absolute price moved up to a new 19-month high on 4/15/10 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.
Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) and absolute price both broke sharply below 2-week lows on 4/16/10. XLF remains neutral. Support 15.52, 15.37, and 15.12. Resistance 17.12, 17.16, and 17.87.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below 7-week lows on 4/21/10. XLB/SPY remains bearish. Absolute price of XLB also fell below 2-week lows on 4/16/10. Support 33.40, 32.85, and 32.58. Resistance 35.16, 35.38 and 37.10.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below 17-month lows on 3/25/10 and remains bearish. Absolute price of XLE broke out above 3-month highs on 4/20/10 and remains bullish. Support 58.58, 58.27, 54.72, 52.67 and 51.34. Resistance 60.93, and 62.73.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) broke down below 19-month lows on 4/15/10 and remains bearish. Absolute price of XLP stalled since its high on 4/5/10 but remains bullish. 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 4/21/10 and the 50-day crossed below the 200-day simple moving average, which is bearish. Absolute price of XLV fell below 7-week lows on 4/21/10 and remains neutral relative to 50- and 200-day averages. Support 31.00, 30.27, 30.65 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 has been neutral most of the time since the peak on 12/14/09. Support 29.30, 28.45, and 28.10. Resistance 30.40, 30.50, 31.30, 31.64 and 32.08.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 12-month lows on 4/21/10. EFA/SPY has been bearish since peaking on 9/9/09. In contrast, absolute price of EFA rose above its highs of the previous 18 months on 4/14/10 and remains bullish. With RS and price trends in conflict, stand aside.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs on 4/16/10 and remains bullish. Absolute price of the NASDAQ closed above 18-month highs on 4/15/10 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 4/15/10 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 17-month highs on 4/14/10 and is bullish.
The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above previous 6-year highs on 4/21/10 and remains bullish. Absolute price of RSP rose above 18-month highs on 4/15/10 and remains bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) broke down below the lows of the previous 21 months on 4/6/10. OEX/SPX remains bearish below its falling 50- and 200-day simple moving averages, and the 50 is below the 200. Conflicting with this bearish Relative Strength trend, 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 4/21/10. Absolute price of IWM rose further above 17-month highs on 4/21/10. 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 4/21/10 and remains bullish. Absolute price of MDY rose above 17-month highs on 4/14/10 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 appears to have entered a correction since peaking at 1170.7 on 4/12/10. Minor corrections are normal. 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 has partially recovered since making a low on 2/8/10 and has improved from bearish to neutral.
Copper nearest futures contract price appears to have entered a correction since peaking at 3.68 on 4/12/10. Minor corrections are normal. 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 recovered modestly over the past 2 weeks but remains bearish over the longer term. 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 4/15/10 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 appears to have entered a correction since peaking at 82.52 on 3/25/10. Minor corrections are normal. 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 4/15/10, 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 4/15/10, again confirming its bullish trend. Support 1175.12, 1141.45, 1116.11, 1086.02, 1078.46, 1069.97, 1044.50, 1036.31 and 1029.54. Resistance 1213.92, 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
1213.92, high of 4/16/2010
S&P 500 Cash Index Potential Support
1175.12, low of 4/9/2010
1141.45, low of 3/15/2010
1116.11, high of 3/1/2010
1086.95, Fibonacci 38.2% of 2/5-2/19/10 range
1086.02, low of 2/25/2010
1078.46, Fibonacci 50.0% of 2/5-2/19/10 range
1069.97, Fibonacci 61.8% of 2/5-2/19/10 range
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
2.42% Homebuilders SPDR, XHB
1.87% Real Estate US DJ, IYR
1.85% Realty Cohen & Steers, ICF
1.75% REIT VIPERs, VNQ
1.73% REIT Wilshire, RWR
1.66% Silver Trust iS, SLV
1.28% South Korea Index, EWY
0.85% Value SmallCap S&P 600 B, IJS
0.84% Value SmallCap S&P 600, RZV
0.83% Water Resources, PHO
0.82% Bond, 20+ Years Treasury, TLT
0.81% Value SmallCap VIPERS, VBR
0.81% Agriculture DB PS, DBA
0.79% Value SmallCap Russell 2000, IWN
0.76% Gold Shares S.T., GLD
0.76% SmallCap S&P 600, IJR
0.71% Microcap Russell, IWC
0.69% SmallCap Russell 2000, IWM
0.68% Industrial SPDR, XLI
0.68% Growth BARRA Small Cap 600, IJT
0.61% Small Cap VIPERs, VB
0.56% Growth LargeCap NASDAQ 100, QQQQ
0.53% Value MidCap S&P 400 B, IJJ
0.50% Commodity Tracking, DBC
0.48% Growth SmallCap R 2000, IWO
0.47% Dividend High Yield Equity PS, PEY
0.46% Consumer Discretionary SPDR, XLY
0.41% Bond Muni ATM-Free S&P iS, MUB
0.39% Technology DJ US, IYW
0.39% Taiwan Index, EWT
0.39% Info Tech VIPERs, VGT
0.39% Small Cap EAFE MSCI iS, SCZ
0.39% MidCap S&P 400 iS, IJH
0.38% Japan Index, EWJ
0.38% Dividend DJ Select, DVY
0.37% Metals & Mining SPDR, XME
0.35% Value MidCap Russell, IWS
0.35% Bond, Corp, LQD
0.33% Chile MSCI iS, ECH
0.32% Bond, 10 Year Treasury, IEF
0.31% MidCap S&P 400 SPDRs, MDY
0.31% Preferred Stock iS, PFF
0.31% Bond, TIPS, TIP
0.29% Growth MidCap 400 B, IJK
0.29% Growth SmallCap VIPERs, VBK
0.29% Transportation Av DJ, IYT
0.22% Dividend SPDR, SDY
0.21% Technology SPDR, XLK
0.20% LargeCap Blend S&P=Weight R, RSP
0.19% MidCap Russell, IWR
0.17% Bond, Aggregate, AGG
0.10% Utilities SPDR, XLU
0.08% Dividend Appreciation Vipers, VIG
0.08% Growth MidCap Russell, IWP
0.08% Capital Markets KWB ST, KCE
0.05% DIAMONDS (DJIA), DIA
0.03% Growth S&P 500/BARRA, IVW
0.01% Bond, 1-3 Year Treasury, SHY
0.01% Bond, High-Yield Corporate, HYG
0.00% Consumer Staples SPDR, XLP
0.00% Utilities VIPERs, VPU
0.00% Growth VIPERs, VUG
-0.01% LargeCap Blend Russell 3000, IWV
-0.02% South Africa Index, EZA
-0.07% Oil, Crude, U.S. Oil Fund, USO
-0.08% Blend Total Market VIPERs, VTI
-0.10% Energy SPDR, XLE
-0.11% Basic Materials DJ US, IYM
-0.11% Indonesia MV, IDX
-0.11% Pacific VIPERs, VPL
-0.11% Bond EmrgMkt JPM iS, EMB
-0.11% LargeCap VIPERs, VV
-0.16% LargeCap 1000 R, IWB
-0.17% Growth 1000 Russell, IWF
-0.17% Energy VIPERs, VDE
-0.18% S&P 500 iS LargeCap Blend, IVV
-0.18% S&P 500 SPDRs LargeCap Blend, SPY
-0.19% Natural Resource iS GS, IGE
-0.22% LargeCap Blend S&P 100, OEF
-0.24% Value 1000 Russell, IWD
-0.24% Canada Index, EWC
-0.25% Bond Ex-US Treas, BWX
-0.25% India Earnings WTree, EPI
-0.26% Materials SPDR, XLB
-0.28% Russia MV, RSX
-0.29% Value VIPERs, VTV
-0.29% Financials VIPERs, VFH
-0.33% Emerging Markets, EEM
-0.33% Financial DJ US, IYF
-0.34% Value S&P 500 B, IVE
-0.35% Financial Preferred, PGF
-0.36% Value LargeCap Dynamic PS, PWV
-0.37% Growth EAFE MSCI, EFG
-0.39% WilderHill Clean Energy PS, PBW
-0.40% Emerging VIPERs, VWO
-0.40% Mexico Index, EWW
-0.43% Energy DJ, IYE
-0.43% Netherlands Index, EWN
-0.43% Hong Kong Index, EWH
-0.43% Switzerland Index, EWL
-0.44% India PS, PIN
-0.46% Financial Services DJ, IYG
-0.49% Australia Index, EWA
-0.50% Malaysia Index, EWM
-0.51% China LargeCap Growth G D H USX PS, PGJ
-0.53% Belgium Index, EWK
-0.57% Networking, IGN
-0.57% Energy Global, IXC
-0.58% Austria Index, EWO
-0.60% Financial SPDR, XLF
-0.61% Telecom DJ US, IYZ
-0.61% Pacific ex-Japan, EPP
-0.61% Dividend International, PID
-0.64% Global ex US ACWI iS, ACWX
-0.65% EAFE Index, EFA
-0.67% Germany Index, EWG
-0.69% Emerging 50 BLDRS, ADRE
-0.69% Value EAFE MSCI, EFV
-0.73% Global 100, IOO
-0.78% Latin Am 40, ILF
-0.82% Europe 350 S&P Index, IEV
-0.82% Singapore Index, EWS
-0.83% United Kingdom Index, EWU
-0.86% Thailand MSCI iS, THD
-0.87% Italy Index, EWI
-0.95% Brazil Index, EWZ
-1.08% European VIPERs, VGK
-1.11% France Index, EWQ
-1.16% Semiconductor SPDR, XSD
-1.18% EMU Europe Index, EZU
-1.30% Semiconductor iS GS, IGW
-1.41% China 25 iS, FXI
-1.46% Turkey MSCI iS, TUR
-1.68% Biotech SPDR, XBI
-1.75% Health Care SPDR, XLV
-2.12% Sweden Index, EWD
-2.44% Spain Index, EWP