Short term, downside momentum appears to be broken. The market already may have worked off considerable amount of the high level of bullish sentiment registered earlier this month. Some market indicators got oversold enough to support a bounce to the upside.
Advisory Service Sentiment: there were 40.0% Bulls versus 23.3% Bears as of 1/27/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio collapsed to a neutral 1.72, 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.
Materials Stock Sector Relative Strength Ratio (XLB/SPY) ) plunged below the lows of the previous 12 weeks on 1/27/10, and absolute price of XLB also fell below the lows of the previous 11 weeks on 1/27/10.
Energy Stock Sector Relative Strength Ratio (XLE/SPY) fell below the lows of the previous 5 weeks on 1/27/10. Absolute price of XLE fell below the lows of the previous 5 weeks on 1/27/10.
Utilities Stock Sector absolute price fell below the lows of the previous 8 weeks on 1/27/10.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 months on 1/27/10, and absolute price fell below the lows of the previous 12 weeks.
Foreign Stocks ETF (EFA) absolute price fell below the lows of the previous 11 weeks on 1/27/10.
CRB Index of commodity prices fell below 7-week lows on 1/27/10.
Crude Oil fell below 6-week lows.
Silver/Gold Ratio fell sharply since 1/19/10, breaking below both 50- and 200-day simple moving averages, suggesting new doubts about prospects for the world economy.
Copper nearest futures contract price broke down below 4-week lows.
The U.S. dollar price rose above 5-month highs.
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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
10.14% , ROK , ROCKWELL AUTOMAT
5.91% , PMTC.O , PARAMETRIC
0.51% , IAH , Internet Architecture H, IAH
7.31% , BA , BOEING
7.06% , GILD , Gilead Sciences Inc
4.53% , LSI , LSI LOGIC
5.80% , ALTR , ALTERA
5.37% , GT , GOODYEAR TIRE
0.33% , IGV , Software, IGV
8.26% , MCO , MOODYS CORP
2.60% , ISIL , INTERSIL CORP
0.87% , JKL , Value SmallCap iS M, JKL
4.37% , PRU , PRUDENTIAL FINL
0.67% , IXG , Financials Global LargeCap Value, IXG
1.35% , XSD , Semiconductor SPDR, XSD
4.07% , PTV , PACTIV
0.86% , PTE , Telecommunications & Wireless, PTE
3.00% , BBH , Biotech H, BBH
1.54% , JNS , JANUS CAPITAL
1.00% , PPA , Aerospace & Defense, PPA
3.56% , FII , FED INVESTORS STK B
3.78% , LEN , Lennar Corp. (LEN)
2.09% , AIG , AMER INTL GROUP
8.07% , FLEX , Flextronics International Ltd
2.33% , ERTS , ELECTRONIC ARTS
4.32% , MHP , MCGRAW HILL
0.89% , BDH , Broadband H, BDH
2.43% , XLF , Financial SPDR, XLF
2.92% , MOT , MOTOROLA
0.87% , EWL , Switzerland Index, EWL
3.39% , BEN , FRANKLIN RSC
2.74% , AMZN , Amazoncom Inc
3.01% , BC , BRUNSWICK
3.70% , KBH , KB HOME
3.06% , NTRS , NORTHERN TRUST
1.71% , APC , ANADARKO PETRO
2.54% , IYG , Financial Services DJ, IYG
4.17% , CBE , COOPER INDS STK A
0.55% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
0.76% , ICF , Realty Cohen & Steers, ICF
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-0.44% , PIC , Insurance, PIC
-2.27% , IIH , Internet Infrastructure H, IIH
-4.54% , MCK , MCKESSON CORP
-3.98% , RFMD , RF Micro Devices Inc
-2.40% , PX , PRAXAIR
-4.32% , CAT , CATERPILLAR
-1.89% , ADRA , Asia 50 BLDRS, ADRA
-4.51% , IGT , INTL GAME TECH
-5.68% , MWV , MEADWESTVACO
-1.19% , EWP , Spain Index, EWP
-1.30% , EWM , Malaysia Index, EWM
-0.15% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
-3.33% , CAH , CARDINAL HEALTH
-2.66% , ITW , ILLINOIS TOOL
-2.85% , IPG , INTERPUBLIC GRP
-3.02% , SYK , STRYKER
-1.24% , ADRD , Developed 100 BLDRS, ADRD
-1.45% , AES , AES
-2.36% , ADBE , ADOBE SYS
-1.59% , PCG , PG&E
-1.91% , DE , DEERE & CO
-1.86% , PPL , PPL
-1.66% , BDK , BLACK & DECKER
-1.58% , SWK , STANLEY WORKS
-2.92% , HOT , STARWOOD HOTELS
-2.41% , IP , INTL PAPER
-1.12% , HSIC , Henry Schein Inc
-2.21% , UIS , UNISYS
-2.53% , IR , INGER RAND
-2.26% , CVG , CONVERGYS
-3.50% , LVLT , LEVEL 3 COMMUNICATIONS
-1.49% , EPI , India Earnings WTree, EPI
-3.86% , QLGC , QLOGIC
-0.97% , PNW , PINNACLE WEST
-2.43% , NI , NISOURCE
-1.48% , LAMR , Lamar Advertising Company
-0.95% , IAU , Gold COMEX iS, IAU
-2.17% , GD , GENERAL DYNAMICS
-6.07% , X , US STEEL CORP
-0.97% , LNCR , Lincare Holdings Inc
9 major U.S. stock sectors ranked in order of long-term relative strength:
Health Care (XLV) Bullish, Overweight. The Relative Strength Ratio (XLV/SPY) rose above 6-month highs on 1/22/10. XLV/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLV traded above its highs of the previous 15 months on 1/20/10. Support 31.07 and 30.88. Resistance 33.16, 33.37 and 33.74.
Consumer Discretionary (XLY) Bullish, Overweight. The Relative Strength Ratio (XLY/SPY) rose above 16-day highs on 1/26/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY fell below 6-week lows on 1/25/10 and remains below its 50-day simple moving average. Support 28.73 and 28.29. Resistance 30.38, 30.54, 31.95 and 33.76.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell below the lows of the previous 7 weeks on 1/22/10, signaling a downside correction. XLK /SPY fell below its 50-day simple moving average but remains above its rising 200-day simple moving average. Absolute price of XLK fell below 8-week lows and broke down below its 50-day simple moving average but remains above its rising 200-day simple moving average. Support 21.46 and 20.46. Resistance 22.59, 22.87, and 23.05.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) and the absolute price both fell below the lows of the previous 8 days on 1/21/10. XLI/SPY remains above rising 50-day and 200-day simple moving averages. Support 27.52 and 27.46. Resistance 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 5 weeks and above its 50-day simple moving average on 1/22/10. XLP/SPY remains below its falling 200-day simple moving average. Absolute price of XLP fell below the lows of the previous 5 weeks on 1/26/10. Support 25.96 and 25.77. Resistance 27.04, 27.18 and 29.29.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) ) plunged below the lows of the previous 12 weeks on 1/27/10, confirming a price correction. 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 also fell below the lows of the previous 11 weeks on 1/27/10. Support 30.65 and 28.95. Resistance 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 5 weeks on 1/27/10. 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 5 weeks on 1/27/10. Support 55.18 and 54.17. Resistance 58.52 and 59.90.
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 is below both its 50-day and 200-day simple moving averages. Absolute price of XLU fell below the lows of the previous 8 weeks on 1/27/10. Support 29.37 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 and fell below the lows of the previous 3 weeks on 1/26/10. XLF/SPY is in a weak position, below both 50- and 200-day simple moving averages. Absolute price of XLF has been in a correction/consolidation phase since 10/14/09 and fell below the lows of the previous 5 weeks on 1/22/10. Support 13.78 and 13.62. Resistance 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 4 months on 1/27/10. EEM/SPY is below both its 50-day and 200-day simple moving averages. Absolute price of EEM fell below the lows of the previous 12 weeks on 1/27/10. 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 4 weeks on 1/21/10. EFA /SPY fell below its 50-day simple moving average on 1/21/10 but remains above its rising 200-day simple moving average. Absolute price of EFA fell below the lows of the previous 11 weeks on 1/27/10. EFA has underperformed the SPY since 9/9/09.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above its highs of the previous 8-years on 1/4/10 and remains above its rising 50- and 200-day simple moving averages. Absolute price fell 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 10 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 further above previous 6-year highs on 1/8/10. 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, then broke down below 5-week lows on 1/26/10.
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) rose to a new 3-month high on 1/22/10 and remains above both its 50- and 200-day simple moving averages. Absolute price of IWM fell below 5-week lows on 1/27/10 after rising above 15-month highs on 1/8/10, indicating a short-term correction within a long-term uptrend.
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 rose above 15-month highs on 1/11/10, then broke down below 6-week lows on 1/27/10.
CRB Index of commodity prices fell below 7-week lows on 1/27/10.
Crude Oil nearest futures contract price fell below 6-week lows on 1/27/10. Oil is below its 50-day simple moving average but well above its rising 200-day simple moving average. Support 72.45, 68.59, and 65.05. Resistance 75.52, 77.06, 79.47, 80.36, 83.95, 85.82 and 98.65.
Gold nearest futures contract price has consolidated losses after down below 4-week lows on 1/22/10. Gold is below its 50-day simple moving average but well above its rising 200-day simple moving average. Support 1075.2 and 1028.0. Resistance 1104.0, 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 to a 6-month low on 1/26/10 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 sharply since 1/19/10, breaking below both 50- and 200-day simple moving averages, suggesting new doubts about prospects for the world economy.
Copper nearest futures contract price broke down below 4-week lows on 1/27/10. Falling copper prices suggest doubts about global economic prospects. Support 3.06 and 2.966. Resistance 3.47, 3.544, 3.5625, 3.5625, and 3.79.
U.S. Treasury Bond nearest futures contract price consolidated gains after rising above 5-week highs on 1/26/10 and thereby confirming the short-term trend as bullish. The Bond is above its 50-day simple moving average but is still a little below its 200-day simple moving average. Support 118.02, 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 the lows of the previous 6 weeks on 1/22/10, signaling a downside correction. JNK/LQD has been testing its 50- day simple moving average and remains above its rising 200-day simple moving average. Absolute price of JNK fell below 6-week lows and broke down below its 50-day simple moving average on 1/22/10 but quickly popped back above it. JNK price 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. Bond investors may be growing increasingly concerned about the inflation outlook, despite assurances of tame inflation by economists.
The U.S. dollar nearest futures contract price rose above 5-month highs on 1/27/10. USD has been holding above its rising 50-day simple moving average and crossed above its falling 200-day simple moving average on 1/27/10. Support 78.20, 76.74 and 75.90. Resistance 79.695 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 40.0% Bulls versus 23.3% Bears as of 1/27/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio collapsed to a neutral 1.72, 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 0.75 on 1/22/10, 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 5.08% over 3 trading days from a peak on 1/19/10 to a low on 1/22/10. That was the 4th decline in the 5% to 10% range since the bottom on 3/9/09 (based on closing prices only). The largest decline was 7.09% over 28 calendar days from 6/12/09 to 7/10/09. 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 6-week closes and below its 50-day simple moving average on 1/22/10, thereby confirming a minor downside correction. SPX remained well above its rising 200-day simple moving average. Support 1083.11, 1080.15, and 1066.83. Resistance 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
S&P 500 Cash Index Potential Support
1083.11, low of 1/27/2010
1080.15, high of 9/23/2009
1066.83, high of 10/29/2009
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
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
3.07% Bank Regional H, RKH
3.00% Biotech H, BBH
2.54% Financial Services DJ, IYG
2.43% Financial SPDR, XLF
2.11% Financials VIPERs, VFH
2.02% Financial DJ US, IYF
1.96% Sweden Index, EWD
1.76% Capital Markets KWB ST, KCE
1.49% Ultra QQQ Double, QLD
1.43% Semiconductor H, SMH
1.40% Semiconductor iS GS, IGW
1.37% Biotech SPDR, XBI
1.35% Semiconductor SPDR, XSD
1.13% Biotech & Genome, PBE
1.12% Building & Construction, PKB
1.12% Microcap Russell, IWC
1.09% Value SmallCap S&P 600 B, IJS
1.08% Internet H, HHH
1.06% SmallCap Russell 2000, IWM
1.04% SmallCap S&P 600, IJR
1.04% Value SmallCap S&P 600, RZV
1.03% Belgium Index, EWK
1.02% Pharmaceuticals, PJP
1.01% OTC Dynamic PS, PWO
1.00% Aerospace & Defense, PPA
1.00% Growth BARRA Small Cap 600, IJT
0.97% REIT Wilshire, RWR
0.96% Value SmallCap Russell 2000, IWN
0.95% Ultra S&P500 Double, SSO
0.95% Value SmallCap Dynamic PS, PWY
0.92% Dividend High Yield Equity PS, PEY
0.91% Real Estate US DJ, IYR
0.90% Ultra Dow30 Double, DDM
0.89% REIT VIPERs, VNQ
0.87% Value SmallCap iS M, JKL
0.87% Switzerland Index, EWL
0.87% Micro Cap Zachs, PZI
0.86% Telecommunications & Wireless, PTE
0.83% Technology SPDR, XLK
0.82% Value SmallCap VIPERS, VBR
0.79% Value LargeCap Fundamental RAFI 1000, PRF
0.79% Growth LargeCap NASDAQ 100, QQQQ
0.76% Realty Cohen & Steers, ICF
0.75% United Kingdom Index, EWU
0.75% Growth SmallCap R 2000, IWO
0.75% Value LargeCap iS M, JKF
0.74% Small Cap VIPERs, VB
0.73% Netherlands Index, EWN
0.71% Food & Beverage, PBJ
0.70% Health Care SPDR, XLV
0.69% Software, PSJ
0.68% Growth SmallCap VIPERs, VBK
0.68% Lg Cap Growth PSD, PWB
0.67% Financials Global LargeCap Value, IXG
0.65% Technology GS, IGM
0.64% Networking, IGN
0.62% Technology DJ US, IYW
0.62% Pharmaceutical H, PPH
0.61% Technology Global, IXN
0.60% Telecom H, TTH
0.59% Info Tech VIPERs, VGT
0.58% LargeCap Blend S&P 100, OEF
0.56% LargeCap Blend Socially Responsible iS, KLD
0.55% Value S&P 500 B, IVE
0.55% Growth LargeCap NASDAQ Fidelity, ONEQ
0.54% LargeCap VIPERs, VV
0.54% LargeCap Rydex Rus Top 50, XLG
0.51% S&P 500 iS LargeCap Blend, IVV
0.51% Internet Architecture H, IAH
0.51% Europe 350 S&P Index, IEV
0.51% Growth LargeCap Russell 3000, IWZ
0.50% Value LargeCap Russell 3000, IWW
0.50% LargeCap Blend Russell 3000, IWV
0.50% LargeCap 1000 R, IWB
0.49% Value 1000 Russell, IWD
0.49% Blend Total Market VIPERs, VTI
0.48% Growth Large Cap, ELG
0.48% S&P 500 SPDRs LargeCap Blend, SPY
0.47% Health Care VIPERs, VHT
0.46% Healthcare DJ, IYH
0.46% Growth VIPERs, VUG
0.46% Growth LargeCap iS M, JKE
0.43% Growth 1000 Russell, IWF
0.42% Extended Mkt VIPERs, VXF
0.41% LargeCap Blend Total Market DJ, IYY
0.41% DIAMONDS (DJIA), DIA
0.41% Growth S&P 500/BARRA, IVW
0.40% European VIPERs, VGK
0.40% Value VIPERs, VTV
0.37% Growth EAFE MSCI, EFG
0.37% MidCap Growth iS M, JKH
0.35% Ultra MidCap400 Double, MVV
0.35% Retail, PMR
0.35% Transportation Av DJ, IYT
0.34% Consumer Non-Cyclical, IYK
0.34% Growth Small Cap DJ, DSG
0.33% Software, IGV
0.33% Homebuilders SPDR, XHB
0.33% Consumer D. VIPERs, VCR
0.32% Semiconductors, PSI
0.32% Value LargeCap NYSE 100 iS, NY
0.31% Short 200% Bond 7-10 Yr T, PST
0.30% LargeCap Blend Core iS M, JKD
0.30% Growth SmallCap iS M, JKK
0.29% LargeCap Blend Dynamic PS, PWC
0.29% Growth MidCap Russell, IWP
0.29% Industrial SPDR, XLI
0.29% MidCap VIPERs, VO
0.28% LargeCap Blend S&P=Weight R, RSP
0.25% Retail H, RTH
0.25% Industrial LargeCap Blend DJ US, IYJ
0.25% Dividend Achievers PS, PFM
0.24% Global 100, IOO
0.24% Value MidCap iS M, JKI
0.23% MidCap Russell, IWR
0.23% Consumer Staples SPDR, XLP
0.22% LargeCap Blend S&P 1500 iS, ISI
0.21% Consumer Staples VIPERs, VDC
0.20% Technology MS sT, MTK
0.20% Value Large Cap DJ, ELV
0.20% Value 40 Large Low P/E FT DB, FDV
0.19% Healthcare Global, IXJ
0.19% Telecom Services VIPERs, VOX
0.17% Emerging 50 BLDRS, ADRE
0.17% Dividend Appreciation Vipers, VIG
0.17% Consumer Discretionary SPDR, XLY
0.16% Dividend SPDR, SDY
0.16% Value MidCap Russell, IWS
0.15% Austria Index, EWO
0.15% SmallCap PS Zacks, PZJ
0.15% MidCap S&P 400 SPDRs, MDY
0.14% MidCap S&P 400 iS, IJH
0.12% Value LargeCap Dynamic PS, PWV
0.12% Oil & Gas, PXJ
0.10% Telecommunications Global, IXP
0.08% Value MidCap S&P 400 B, IJJ
0.07% Dividend Leaders, FDL
0.06% Growth S&P 500, RPG
0.06% IPOs, First Tr IPOX-100, FPX
0.06% Industrials VIPERs, VIS
0.05% Growth MidCap 400 B, IJK
0.05% Dividend DJ Select, DVY
0.04% Short 200% US T Bond, TBT
0.04% Value S&P 500, RPV
0.04% Nanotech Lux, PXN
0.04% Growth MidCap S&P 400, RFG
0.03% Bond, High-Yield Corporate, HYG
0.02% Software H, SWH
0.00% Taiwan Index, EWT
0.00% Internet B2B H, BHH
0.00% Growth Mid Cap Dynamic PS, PWJ
0.00% France Index, EWQ
0.00% Consumer Cyclical DJ, IYC
-0.01% Preferred Stock iS, PFF
-0.01% Value Small Cap DJ, DSV
-0.03% Wilshire 5000 ST TM, TMW
-0.04% Bond, 1-3 Year Treasury, SHY
-0.05% Bond, 20+ Years Treasury, TLT
-0.06% Water Resources, PHO
-0.08% Bond, Aggregate, AGG
-0.10% Value EAFE MSCI, EFV
-0.11% EAFE Index, EFA
-0.13% Oil Services H, OIH
-0.15% Value LargeCap Euro STOXX 50 DJ, FEU
-0.15% Value Line Timeliness MidCap Gr, PIV
-0.16% Telecom DJ US, IYZ
-0.16% Global Titans, DGT
-0.16% SmallCap Core iS M, JKJ
-0.17% Growth SmallCap Dynamic PS, PWT
-0.18% Financial Preferred, PGF
-0.19% Germany Index, EWG
-0.20% LargeCap Blend NYSE Composite iS, NYC
-0.20% Short 100% MidCap 400, MYY
-0.21% Euro STOXX 50, FEZ
-0.23% Bond, 10 Year Treasury, IEF
-0.26% Emerging Markets, EEM
-0.27% Bond, TIPS, TIP
-0.27% Short 200% MidCap 400 PS, MZZ
-0.28% EMU Europe Index, EZU
-0.28% Emerging VIPERs, VWO
-0.29% Value MidCap Dynamic PS, PWP
-0.30% South Africa Index, EZA
-0.36% Bond, Corp, LQD
-0.39% Energy SPDR, XLE
-0.39% Natural Resource iS GS, IGE
-0.39% Short 100% Dow 30, DOG
-0.41% Japan LargeCap Blend TOPIX 150, ITF
-0.43% Brazil Index, EWZ
-0.43% Energy Global, IXC
-0.44% China LargeCap Growth G D H USX PS, PGJ
-0.44% Insurance, PIC
-0.46% Australia Index, EWA
-0.47% Hong Kong Index, EWH
-0.48% Canada Index, EWC
-0.48% Utilities, PUI
-0.49% Short 100% S&P 500, SH
-0.52% Energy DJ, IYE
-0.53% Utilities H, UTH
-0.54% Pacific VIPERs, VPL
-0.54% Materials VIPERs, VAW
-0.57% China 25 iS, FXI
-0.57% Utilities DJ, IDU
-0.58% Utilities VIPERs, VPU
-0.59% Japan Index, EWJ
-0.59% Leisure & Entertainment, PEJ
-0.59% Energy VIPERs, VDE
-0.59% WilderHill Clean Energy PS, PBW
-0.60% Pacific ex-Japan, EPP
-0.64% Singapore Index, EWS
-0.66% Utilities SPDR, XLU
-0.70% South Korea Index, EWY
-0.72% Dividend International, PID
-0.76% Basic Materials DJ US, IYM
-0.78% Short 100% QQQ, PSQ
-0.79% MidCap Blend Core iS M, JKG
-0.85% Short 200% Dow 30 PS, DXD
-0.86% Materials SPDR, XLB
-0.92% Italy Index, EWI
-0.93% Metals & Mining SPDR, XME
-0.96% Gold Shares S.T., GLD
-0.96% Energy Exploration & Prod, PXE
-0.97% Mexico Index, EWW
-1.00% Latin Am 40, ILF
-1.03% Silver Trust iS, SLV
-1.05% Short 200% S&P 500 PS, SDS
-1.15% Oil, Crude, U.S. Oil Fund, USO
-1.19% Spain Index, EWP
-1.24% Developed 100 BLDRS, ADRD
-1.30% Malaysia Index, EWM
-1.45% Commodity Tracking, DBC
-1.49% Short 200% QQQ PS, QID
-1.49% India Earnings WTree, EPI
-1.56% Europe 100 BLDRS, ADRU
-1.89% Asia 50 BLDRS, ADRA
-2.27% Internet Infrastructure H, IIH
