The recent 8-day stock price decline suggests normal profit-taking on news of generally strong earnings reports. Normal behavior in a bull market is for prices to run up before expected good news then sell off on the actual release of the news.
S&P 500 Composite (SPX) fell further below the lows of the previous 11 weeks. SPX fell 6.64% over the past 8 trading days, from a high close on 1/19/10 to the close on 1/29/10. Other major indexes suffered similar declines. It 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 its 50-day simple moving average on 1/22/10 (which is typical of minor corrections) but remains well above its more significant rising 200-day simple moving average now at 1013.05. Support 1066.83 and 1036.31. Resistance 1103.69, 1121.44, 1131.32 and 1150.45
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above 5-week highs, but absolute price of XLY fell below 7-week lows.
Health Care Stock Sector Relative Strength Ratio (XLV/SPY) rose above 6-month highs.
Industrial Stock Sector absolute price fell below 9-week lows.
Consumer Staples Stock Sector Relative Strength Ratio (XLP/SPY) rose above the highs of the previous 9 weeks.
Technology Stock Sector Relative Strength Ratio (XLK/SPY) fell below the lows of the previous 3 months. Absolute price of XLK fell below 12-week lows.
Materials Stock Sector Relative Strength Ratio (XLB/SPY) fell below the lows of the previous 6 months. Absolute price of XLB fell below the lows of the previous 12 weeks.
Energy Stock Sector Relative Strength Ratio (XLE/SPY) fell below the lows of the previous 6 weeks while absolute price fell below the lows of the previous 7 weeks.
Utilities Stock Sector absolute price fell below the lows of the previous 9 weeks.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 months while absolute price of EEM fell below the lows of the previous 12 weeks.
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.
U.S. Treasury Bond price rose above 5-week highs.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year absolute price rose above 2-month highs.
CRB Index of commodity prices fell further below 3-month lows and its 50-day simple moving average.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell below 9-month lows.
Copper fell below 8-week lows.
Falling commodity prices suggest doubts about global economic prospects.
The U.S. dollar rose further above 5-month highs.
Sentiment has quickly swung from extremely bullish to neutral.
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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
7.82% , BHH , Internet B2B H, BHH
7.36% , THC , TENET HEALTHCARE
2.97% , BCR , C R BARD
2.68% , MZZ , Short 200% MidCap 400 PS, MZZ
4.07% , LNCR , Lincare Holdings Inc
2.45% , PMCS , PMC SIERRA
1.10% , SNV , SYNOVUS
2.38% , PNC , PNC FINL SVC
1.80% , PSQ , Short 100% QQQ, PSQ
2.35% , CR , CRANE
1.63% , SYY , SYSCO
3.44% , URBN , Urban Outfitters Inc.
1.91% , DDS , DILLARD STK A
1.46% , LVLT , LEVEL 3 COMMUNICATIONS
2.13% , SLM , SLM CORP
3.51% , QID , Short 200% QQQ PS, QID
2.47% , C , CITIGROUP
0.36% , MDP , MEREDITH
1.56% , WMT , WAL MART STORES
1.34% , CMCSA , COMCAST HOLDINGS STK A
0.87% , TLT , Bond, 20+ Years Treasury, TLT
0.90% , ACE , ACE
1.38% , MYY , Short 100% MidCap 400, MYY
0.85% , DOV , DOVER
0.61% , CINF , CINCINNATI FIN
2.27% , PCAR , PACCAR
0.75% , CB , CHUBB
0.57% , DOG , Short 100% Dow 30, DOG
2.45% , HD , HOME DEPOT
0.90% , DD , DU PONT
1.10% , SH , Short 100% S&P 500, SH
0.48% , VIA.B , VIACOM STK B
0.51% , LBTYA , Liberty Global Inc. (LBTYA)
0.85% , EFX , EQUIFAX
2.21% , SDS , Short 200% S&P 500 PS, SDS
0.35% , PKI , PERKINELMER
3.11% , SIRI , Sirius Satellite
0.60% , CTAS , CINTAS
0.62% , SNPS , Synopsys Inc
1.35% , HSIC , Henry Schein Inc
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.54% , SWH , Software H, SWH
-14.67% , AVY , AVERY DENNISON
-7.82% , LEG , LEGGETT & PLATT
-10.83% , FMCN , Focus Media, FMCN
-11.67% , SNDK , SanDisk Corporation
-4.17% , FO , FORTUNE BRANDS
-4.44% , NWL , NEWELL RUBBER
-1.15% , JKL , Value SmallCap iS M, JKL
-1.25% , PWO , OTC Dynamic PS, PWO
-2.46% , FII , FED INVESTORS STK B
-2.38% , EPP , Pacific ex-Japan, EPP
-0.98% , JKD , LargeCap Blend Core iS M, JKD
-1.46% , DGT , Global Titans, DGT
-3.14% , HAS , HASBRO
-2.96% , HON , HONEYWELL INTL
-2.68% , EWA , Australia Index, EWA
-4.33% , AMP , Ameriprise Financial Inc.
-0.96% , PZI , Micro Cap Zachs, PZI
-3.62% , HOT , STARWOOD HOTELS
-4.81% , CECO , CAREER EDUCATION CORP
-1.75% , ADRA , Asia 50 BLDRS, ADRA
-2.49% , MVV , Ultra MidCap400 Double, MVV
-0.85% , PST , 200% Short Bond 7-10 Yr T, PST
-1.98% , EWL , Switzerland Index, EWL
-1.54% , JKE , Growth LargeCap iS M, JKE
-1.66% , IGV , Software, IGV
-5.78% , MRVL , MARVELL TECHNOLOGY
-1.03% , PWB , Lg Cap Growth PSD, PWB
-1.19% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
-1.26% , EWN , Netherlands Index, EWN
-2.57% , CPWR , COMPUWARE
-1.02% , ISI , LargeCap Blend S&P 1500 iS, ISI
-1.44% , PZJ , SmallCap PS Zacks, PZJ
-1.25% , PWP , Value MidCap Dynamic PS, PWP
-1.30% , JKI , Value MidCap iS M, JKI
-2.81% , AVP , AVON
-3.75% , RFMD , RF Micro Devices Inc
-3.36% , MSFT , MICROSOFT
-1.34% , JKH , MidCap Growth iS M, JKH
-2.60% , MTB , M&T BANK
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-week highs on 1/29/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY fell below 7-week lows on 1/29/10, is below its 50-day simple moving average, and remains above its 200-day simple moving average. Support 28.73 and 28.29. Resistance 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 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.
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 below 9-week lows on 1/29/10, is below its 50-day simple moving average, and remains above its 200-day simple moving average. Support 27.04 and 26.93. Resistance 28.25, 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 the lows of the previous 5 weeks on 1/26/10 but appears to be firming since. Support 26.16, 25.96 and 25.77. Resistance 27.04, 27.18 and 29.29.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell below the lows of the previous 3 months on 1/29/10. 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 12-week lows on 1/29/10. 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 22.05, 22.59, 22.87, and 23.05.
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 the lows of the previous 12 weeks on 1/29/10. Support 28.95 and 28.67. 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 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 7 weeks on 1/29/10. Support 54.17 and 53.46. Resistance 57.72, 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 remains below both its 50-day and 200-day simple moving averages. Absolute price of XLU fell below the lows of the previous 9 weeks on 1/29/10. 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 1/29/10. 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 1/29/10. 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 1/29/10 but remains above its rising 200-day simple moving average. EFA has underperformed the SPY since 9/9/09.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell back to test its rising 50-day simple moving average on 1/29/10 and remains above its rising 200-day simple moving average. 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 7-week lows on 1/29/10.
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 7-week lows on 1/29/10 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 fell below 7-week lows on 1/29/10.
CRB Index of commodity prices fell further below 3-month lows and its 50-day simple moving average on 1/29/10.
Crude Oil nearest futures contract price fell below 6-week lows on 1/29/10. Oil is below its 50-day simple moving average but above its rising 200-day simple moving average. Support 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 consolidated losses after breaking down below 3-month lows on 1/28/10. Gold is below its 50-day simple moving average but above its rising 200-day simple moving average. Support 1073.2, 1070.2 and 1026.9. 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 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 5-month lows on 1/28/10. It fell sharply 1/19/10 to 1/28/10, breaking below both 50- and 200-day simple moving averages. Weakness in this Ratio suggests new doubts about prospects for the world economy.
Copper nearest futures contract price fell below 8-week lows on 1/29/10. Falling copper prices suggest doubts about global economic prospects. Support 2.966 and 2.895. Resistance 3.267, 3.47, 3.544, 3.5625, 3.5625, and 3.79.
U.S. Treasury Bond nearest futures contract price rose above 5-week highs on 1/29/10, thereby confirming the short-term trend as bullish again. The Bond is above its 50-day simple moving average but is still a little below its 200-day simple moving average. Support 117.20, 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) is above its rising 50- and 200-day simple moving averages. Absolute price of JNK is testing its 50-day simple moving average and 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 rose further above 5-month highs on 1/29/10. 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 78.20, 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 further below the lows of the previous 11 weeks. SPX fell 6.64% over the past 8 trading days, from a high close on 1/19/10 to the close on 1/29/10. 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 its 50-day simple moving average on 1/22/10 (which is typical of minor corrections) but remains well above its more significant rising 200-day simple moving average now at 1013.05. Support 1066.83 and 1036.31. Resistance 1103.69, 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
1103.69, high of 1/26/2010
S&P 500 Cash Index Potential Support
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
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
7.82% Internet B2B H, BHH
3.51% Short 200% QQQ PS, QID
2.68% Short 200% MidCap 400 PS, MZZ
2.21% Short 200% S&P 500 PS, SDS
1.80% Short 100% QQQ, PSQ
1.38% Short 100% MidCap 400, MYY
1.29% Short 200% Dow 30 PS, DXD
1.10% Short 100% S&P 500, SH
0.87% Bond, 20+ Years Treasury, TLT
0.87% Biotech H, BBH
0.64% Bond, Corp, LQD
0.63% India Earnings WTree, EPI
0.57% Short 100% Dow 30, DOG
0.39% Bond, 10 Year Treasury, IEF
0.37% Bond, TIPS, TIP
0.30% Biotech & Genome, PBE
0.29% Retail H, RTH
0.23% Bond, Aggregate, AGG
0.19% Malaysia Index, EWM
0.18% Biotech SPDR, XBI
0.13% Sweden Index, EWD
0.10% Bond, 1-3 Year Treasury, SHY
0.07% Insurance, PIC
0.00% Building & Construction, PKB
-0.13% Silver Trust iS, SLV
-0.25% Consumer Staples VIPERs, VDC
-0.26% Homebuilders SPDR, XHB
-0.27% Pharmaceuticals, PJP
-0.30% Financial Preferred, PGF
-0.31% Consumer Cyclical DJ, IYC
-0.32% Preferred Stock iS, PFF
-0.33% Bank Regional H, RKH
-0.33% Health Care VIPERs, VHT
-0.33% Taiwan Index, EWT
-0.34% Hong Kong Index, EWH
-0.38% Consumer Staples SPDR, XLP
-0.39% Telecom H, TTH
-0.39% Healthcare DJ, IYH
-0.39% China 25 iS, FXI
-0.39% Retail, PMR
-0.42% Value LargeCap Euro STOXX 50 DJ, FEU
-0.49% Gold Shares S.T., GLD
-0.51% Bond, High-Yield Corporate, HYG
-0.53% Dividend Leaders, FDL
-0.55% Financials VIPERs, VFH
-0.55% Singapore Index, EWS
-0.56% Value LargeCap Dynamic PS, PWV
-0.56% IPOs, First Tr IPOX-100, FPX
-0.56% REIT VIPERs, VNQ
-0.58% Value LargeCap NYSE 100 iS, NY
-0.59% Financial DJ US, IYF
-0.60% Value 40 Large Low P/E FT DB, FDV
-0.61% Utilities SPDR, XLU
-0.62% Consumer Discretionary SPDR, XLY
-0.62% REIT Wilshire, RWR
-0.62% Realty Cohen & Steers, ICF
-0.63% Value S&P 500 B, IVE
-0.64% DIAMONDS (DJIA), DIA
-0.66% Real Estate US DJ, IYR
-0.67% Telecom Services VIPERs, VOX
-0.67% Food & Beverage, PBJ
-0.67% Growth Mid Cap Dynamic PS, PWJ
-0.70% Consumer D. VIPERs, VCR
-0.70% Utilities, PUI
-0.70% Health Care SPDR, XLV
-0.70% Financial SPDR, XLF
-0.70% Utilities VIPERs, VPU
-0.70% Value VIPERs, VTV
-0.71% Value LargeCap iS M, JKF
-0.72% LargeCap Rydex Rus Top 50, XLG
-0.73% Financial Services DJ, IYG
-0.73% Dividend Achievers PS, PFM
-0.74% Dividend Appreciation Vipers, VIG
-0.76% Pharmaceutical H, PPH
-0.79% South Africa Index, EZA
-0.79% Value Large Cap DJ, ELV
-0.80% Utilities H, UTH
-0.80% Internet H, HHH
-0.80% Value SmallCap S&P 600 B, IJS
-0.82% Utilities DJ, IDU
-0.85% Short 200% Bond 7-10 Yr T, PST
-0.86% EMU Europe Index, EZU
-0.87% Consumer Non-Cyclical, IYK
-0.87% Wilshire 5000 ST TM, TMW
-0.88% Value LargeCap Russell 3000, IWW
-0.89% Value Small Cap DJ, DSV
-0.90% Value SmallCap Russell 2000, IWN
-0.90% LargeCap Blend S&P 100, OEF
-0.91% Dividend DJ Select, DVY
-0.91% Growth SmallCap R 2000, IWO
-0.92% Growth Large Cap, ELG
-0.94% Software, PSJ
-0.94% Dividend SPDR, SDY
-0.95% Dividend International, PID
-0.96% Micro Cap Zachs, PZI
-0.96% Microcap Russell, IWC
-0.97% Telecommunications Global, IXP
-0.97% SmallCap S&P 600, IJR
-0.98% Telecom DJ US, IYZ
-0.98% LargeCap Blend Total Market DJ, IYY
-0.98% LargeCap Blend Core iS M, JKD
-0.99% LargeCap VIPERs, VV
-0.99% Value SmallCap VIPERS, VBR
-0.99% Growth LargeCap Russell 3000, IWZ
-1.00% Industrial LargeCap Blend DJ US, IYJ
-1.01% Spain Index, EWP
-1.01% Industrial SPDR, XLI
-1.01% Canada Index, EWC
-1.02% LargeCap Blend S&P 1500 iS, ISI
-1.02% Value S&P 500, RPV
-1.02% Value Line Timeliness MidCap Gr, PIV
-1.03% Value LargeCap Fundamental RAFI 1000, PRF
-1.03% Lg Cap Growth PSD, PWB
-1.03% Industrials VIPERs, VIS
-1.04% Emerging VIPERs, VWO
-1.06% Water Resources, PHO
-1.06% Value 1000 Russell, IWD
-1.09% Emerging Markets, EEM
-1.09% S&P 500 SPDRs LargeCap Blend, SPY
-1.09% Growth MidCap Russell, IWP
-1.10% SmallCap Russell 2000, IWM
-1.11% LargeCap Blend Socially Responsible iS, KLD
-1.12% Italy Index, EWI
-1.12% Growth BARRA Small Cap 600, IJT
-1.12% S&P 500 iS LargeCap Blend, IVV
-1.13% Commodity Tracking, DBC
-1.14% Small Cap VIPERs, VB
-1.15% Value SmallCap iS M, JKL
-1.15% European VIPERs, VGK
-1.15% LargeCap 1000 R, IWB
-1.16% LargeCap Blend Dynamic PS, PWC
-1.16% Euro STOXX 50, FEZ
-1.17% Germany Index, EWG
-1.18% Dividend High Yield Equity PS, PEY
-1.18% Blend Total Market VIPERs, VTI
-1.18% Value MidCap Russell, IWS
-1.18% Growth EAFE MSCI, EFG
-1.19% Growth LargeCap NASDAQ Fidelity, ONEQ
-1.19% Healthcare Global, IXJ
-1.19% Emerging 50 BLDRS, ADRE
-1.19% Europe 350 S&P Index, IEV
-1.19% LargeCap Blend Russell 3000, IWV
-1.21% China LargeCap Growth G D H USX PS, PGJ
-1.22% United Kingdom Index, EWU
-1.22% Value EAFE MSCI, EFV
-1.23% Transportation Av DJ, IYT
-1.23% Ultra Dow30 Double, DDM
-1.24% Growth SmallCap VIPERs, VBK
-1.24% LargeCap Blend S&P=Weight R, RSP
-1.24% Growth 1000 Russell, IWF
-1.25% OTC Dynamic PS, PWO
-1.25% Value MidCap Dynamic PS, PWP
-1.26% Belgium Index, EWK
-1.26% Netherlands Index, EWN
-1.28% Global 100, IOO
-1.28% France Index, EWQ
-1.30% Growth SmallCap Dynamic PS, PWT
-1.30% Aerospace & Defense, PPA
-1.30% Leisure & Entertainment, PEJ
-1.30% Value MidCap iS M, JKI
-1.31% Japan LargeCap Blend TOPIX 150, ITF
-1.32% Value MidCap S&P 400 B, IJJ
-1.33% Growth S&P 500/BARRA, IVW
-1.34% MidCap Growth iS M, JKH
-1.35% Value SmallCap Dynamic PS, PWY
-1.37% Energy DJ, IYE
-1.38% MidCap S&P 400 iS, IJH
-1.38% Financials Global LargeCap Value, IXG
-1.39% MidCap Russell, IWR
-1.40% Extended Mkt VIPERs, VXF
-1.40% Japan Index, EWJ
-1.42% Austria Index, EWO
-1.44% SmallCap PS Zacks, PZJ
-1.44% Oil, Crude, U.S. Oil Fund, USO
-1.44% Growth VIPERs, VUG
-1.44% Growth Small Cap DJ, DSG
-1.45% MidCap S&P 400 SPDRs, MDY
-1.45% EAFE Index, EFA
-1.45% Growth SmallCap iS M, JKK
-1.46% Global Titans, DGT
-1.47% Developed 100 BLDRS, ADRD
-1.48% Capital Markets KWB ST, KCE
-1.48% SmallCap Core iS M, JKJ
-1.49% Europe 100 BLDRS, ADRU
-1.50% Mexico Index, EWW
-1.51% Pacific VIPERs, VPL
-1.51% Short 200% US T Bond, TBT
-1.53% Growth MidCap 400 B, IJK
-1.53% Telecommunications & Wireless, PTE
-1.53% Growth S&P 500, RPG
-1.54% Growth LargeCap iS M, JKE
-1.54% Software H, SWH
-1.55% Oil Services H, OIH
-1.56% Internet Infrastructure H, IIH
-1.60% Materials VIPERs, VAW
-1.60% Materials SPDR, XLB
-1.60% MidCap VIPERs, VO
-1.60% Internet Architecture H, IAH
-1.64% LargeCap Blend NYSE Composite iS, NYC
-1.66% Software, IGV
-1.68% Growth MidCap S&P 400, RFG
-1.74% Technology SPDR, XLK
-1.75% Growth LargeCap NASDAQ 100, QQQQ
-1.75% Asia 50 BLDRS, ADRA
-1.79% MidCap Blend Core iS M, JKG
-1.79% Energy VIPERs, VDE
-1.79% South Korea Index, EWY
-1.80% Energy SPDR, XLE
-1.90% Energy Exploration & Prod, PXE
-1.95% Oil & Gas, PXJ
-1.95% Nanotech Lux, PXN
-1.97% Technology MS sT, MTK
-1.98% Switzerland Index, EWL
-2.04% Energy Global, IXC
-2.05% WilderHill Clean Energy PS, PBW
-2.05% Technology GS, IGM
-2.14% Latin Am 40, ILF
-2.17% Technology Global, IXN
-2.17% Natural Resource iS GS, IGE
-2.20% Value SmallCap S&P 600, RZV
-2.21% Ultra S&P500 Double, SSO
-2.25% Info Tech VIPERs, VGT
-2.38% Pacific ex-Japan, EPP
-2.43% Technology DJ US, IYW
-2.47% Networking, IGN
-2.49% Ultra MidCap400 Double, MVV
-2.52% Brazil Index, EWZ
-2.68% Australia Index, EWA
-2.72% Basic Materials DJ US, IYM
-3.05% Semiconductor H, SMH
-3.33% Semiconductor iS GS, IGW
-3.45% Semiconductors, PSI
-3.51% Semiconductor SPDR, XSD
-3.58% Ultra QQQ Double, QLD
-3.99% Metals & Mining SPDR, XME
