The S&P 500 Composite (SPX) fell 5.08% over the past 3 trading days. 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 6-week closes.
The DJIA closed below 11-week closes.
The DJ Transports closed below 7-week closes.
The DJ Utilities closed below 7-week closes.
The NASDAQ Composite closed below 5-week closes.
Although all these stock price indexes closed below their 50-day simple moving averages, all are well above their rising 200-day simple moving averages, which is generally considered as bullish for the intermediate-term trend.
Health Care Stock Sector 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 31.60, 31.07 and 30.88. Resistance 33.16, 33.37 and 33.74.
Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above 9-day highs on 1/22/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY fell below 6-week lows on 1/22/10, however, and broke down below its 50-day simple moving average. Support 28.73 and 28.29. Resistance 30.38, 30.54, 31.95 and 33.76.
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 1/22/10. EFA has underperformed the SPY since 9/9/09.
Commodities (CRB, Oil, Gold) broke down below 4-week lows on 1/22/10, confirming minor corrections. They are below 50-day simple moving averages but well above rising 200-day simple moving averages.
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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
0.53% , TBH , Telebras HOLDRS, TBH
2.13% , MYY , Short 100% MidCap 400, MYY
2.92% , PSQ , Short 100% QQQ, PSQ
2.18% , IGT , INTL GAME TECH
2.18% , JCI , JOHNSON CONTROLS
1.68% , K , KELLOGG
2.16% , SH , Short 100% S&P 500, SH
5.74% , QID , Short 200% QQQ PS, QID
3.86% , DXD , Short 200% Dow 30 PS, DXD
0.72% , ERIC.O , LM Ericsson Telephone Company
2.02% , DOG , Short 100% Dow 30, DOG
2.07% , CL , COLGATE
4.41% , SDS , Short 200% S&P 500 PS, SDS
0.56% , GE , GENERAL ELECTRIC
0.76% , CBS , CBS CORP.
4.18% , MZZ , Short 200% MidCap 400 PS, MZZ
0.79% , PG , PROCTER & GAMBLE
0.30% , MCD , MCDONALDS
0.32% , TGT , TARGET
0.42% , WAT , WATERS
0.49% , CPB , CAMPBELL SOUP
4.17% , LVLT , LEVEL 3 COMMUNICATIONS
0.12% , OXY , OCCIDENTAL
0.19% , TBT , 200% Short US T Bond, TBT
0.30% , ABC , AMERISOURCEBERGN
0.08% , STI , SUNTRUST BANKS
0.04% , WMT , WAL MART STORES
0.05% , MMC , MARSH & MCLENNAN
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.72% , BDH , Broadband H, BDH
-1.82% , PMR , Retail, PMR
-3.31% , PSJ , Software, PSJ
-3.28% , PXQ , Networking, PXQ
-10.69% , FRE , FREDDIE MAC
-7.78% , HOG , HARLEY DAVIDSON
-2.93% , PWO , OTC Dynamic PS, PWO
-12.11% , COF , CAPITAL ONE FNCL
-12.35% , AMD , ADV MICRO DEV
-2.31% , RFG , Growth MidCap S&P 400, RFG
-4.60% , ED , CON ED
-3.68% , IGM , Technology GS, IGM
-8.09% , PTEN , Patterson-UTI Energy Inc
-6.06% , KLAC , KLA TENCOR
-7.48% , FNM , FANNIE MAE
-7.00% , AMAT , APPLIED MATERIAL
-5.16% , RFMD , RF Micro Devices Inc
-3.48% , XLK , Technology SPDR, XLK
-3.02% , PTE , Telecommunications & Wireless, PTE
-3.12% , LH , LAB CRP OF AMER
-5.24% , NVLS , NOVELLUS SYS
-1.76% , DGT , Global Titans, DGT
-8.47% , AXP , AMERICAN EXPRESS
-2.35% , NYC , LargeCap Blend NYSE Composite iS, NYC
-5.75% , ETFC.O , E*TRADE FINANCIAL
-4.26% , XSD , Semiconductor SPDR, XSD
-2.38% , RPV , Value S&P 500, RPV
-2.83% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
-3.89% , IYW , Technology DJ US, IYW
-4.77% , THC , TENET HEALTHCARE
-2.35% , JKJ , SmallCap Core iS M, JKJ
-1.84% , XHB , Homebuilders SPDR, XHB
-6.03% , LRCX , LAM RESEARCH CORP
-3.89% , FRX , FOREST LABS STK A
-6.18% , MRVL , MARVELL TECHNOLOGY
-2.27% , JKG , MidCap Blend Core iS M, JKG
-3.75% , VGT , Info Tech VIPERs, VGT
-3.46% , NVDA , NVIDIA
-4.46% , INTC , INTEL
-4.96% , SMH , Semiconductor H, SMH
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 31.60, 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 9-day highs on 1/22/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY fell below 6-week lows on 1/22/10, however, and broke down 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 27.67 and 27.46. Resistance 29.61, 30.56 and 32.00.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) ) plunged below the lows of the previous 10 weeks on 1/21/10, confirming a price correction. XLB/SPY fell below both 50- and 200-day simple moving averages. Absolute price of XLB also fell below the lows of the previous 10 weeks on 1/22/10. Support 31.00 and 28.95. Resistance 33.73 and 34.52.
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 1/22/10. Support 25.96 and 25.77. Resistance 27.04, 27.18 and 29.29.
Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below the lows of the previous 3 weeks on 1/22/10. XLE/SPY fell below its 50- day simple moving average but remains above its rising 200-day simple moving average. Absolute price of XLE fell below the lows of the previous 5 weeks on 1/22/10. Support 55.88 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 remains moderately below its 50- and 200-day simple moving averages. Absolute price of XLU fell below the lows of the previous 7 weeks on 1/22/10. 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 1/22/10. 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 14.01 and 13.78. Resistance 14.98, 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 weeks on 1/21/10. EEM/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 EEM fell below the lows of the previous 8 weeks on 1/22/10. 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 1/22/10. 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.
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 1/22/10.
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 4-week lows on 1/22/10 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 5-week lows on 1/22/10.
Crude Oil nearest futures contract price broke down below 4-week lows on 1/22/10, confirming a minor correction. Oil is below its 50-day simple moving average but well above its rising 200-day simple moving average. Support 73.52, 72.72, 72.45, 68.59, and 65.05. Resistance 77.06, 79.47, 80.36, 83.95, 85.82 and 98.65.
Gold nearest futures contract price broke down below 4-week lows on 1/22/10, confirming a minor correction. 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 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 5-month low on 1/21/10 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 its 50-day simple moving average, suggesting new doubts about the world economy.
Copper nearest futures contract price broke down below 4-week on 1/21/10, signaling a downside correction. Falling copper prices suggest doubts about global economic prospects. Support 3.2475, 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 rose further above 5-week highs on 1/22/10, confirming the short-term trend as bullish. The Bond rose above its 50-day simple moving average but is still below its 200-day simple moving average. Support 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 fell below its 50- day simple moving average but 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 but remains above its rising 200-day simple moving average.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) rose to another new 15-month high on 1/7/10, again confirming a bullish long-term trend. TIP/IEF remains above rising 50- and 200-day simple moving averages. 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 3-month highs on 1/21/10. USD has been holding above its rising 50-day simple moving average and now is only slightly below its falling 200-day simple moving average. Support 76.74 and 75.90. Resistance 79.00 and 79.695.
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 52.2% Bulls versus 18.9% Bears as of 1/20/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio fell to 2.76, 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 0.98, down from 1.68 on 1/11/10, a level indicating above-normal 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, up from 0.49 on 1/8/10, a level indicating above-normal 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) closed below 6-week closes and below its 50-day simple moving average, thereby confirming a minor downside correction. SPX appears to have entered a minor correction. More importantly for investors, SPX remains well above its rising 200-day simple moving average. Support 1089.99, 1083.74, 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
1089.99, Gann 12.5% of 2009-2010 range
1083.74, low of 11/27/2009
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
5.74% Short 200% QQQ PS, QID
4.41% Short 200% S&P 500 PS, SDS
4.18% Short 200% MidCap 400 PS, MZZ
3.86% Short 200% Dow 30 PS, DXD
2.92% Short 100% QQQ, PSQ
2.16% Short 100% S&P 500, SH
2.13% Short 100% MidCap 400, MYY
2.02% Short 100% Dow 30, DOG
0.19% Short 200% US T Bond, TBT
0.09% Bond, 10 Year Treasury, IEF
0.08% Bond, 1-3 Year Treasury, SHY
0.06% Bond, Aggregate, AGG
-0.09% Bond, TIPS, TIP
-0.13% Biotech H, BBH
-0.15% Bond, Corp, LQD
-0.17% Bond, 20+ Years Treasury, TLT
-0.18% Biotech SPDR, XBI
-0.19% Gold Shares S.T., GLD
-0.21% Short 200% Bond 7-10 Yr T, PST
-0.23% Consumer Staples SPDR, XLP
-0.38% Consumer Staples VIPERs, VDC
-0.57% Food & Beverage, PBJ
-0.78% Financial Preferred, PGF
-0.89% Japan LargeCap Blend TOPIX 150, ITF
-0.90% Consumer Non-Cyclical, IYK
-0.94% Biotech & Genome, PBE
-0.95% Bond, High-Yield Corporate, HYG
-0.98% Mexico Index, EWW
-1.01% Preferred Stock iS, PFF
-1.05% Commodity Tracking, DBC
-1.07% Japan Index, EWJ
-1.09% Health Care SPDR, XLV
-1.14% Pacific VIPERs, VPL
-1.18% Telecom H, TTH
-1.20% Retail H, RTH
-1.22% Healthcare DJ, IYH
-1.26% Health Care VIPERs, VHT
-1.29% Dividend Achievers PS, PFM
-1.34% Consumer Cyclical DJ, IYC
-1.36% China 25 iS, FXI
-1.38% Latin Am 40, ILF
-1.43% Singapore Index, EWS
-1.43% Belgium Index, EWK
-1.43% Dividend International, PID
-1.45% Dividend Appreciation Vipers, VIG
-1.45% Healthcare Global, IXJ
-1.49% Dividend High Yield Equity PS, PEY
-1.51% India Earnings WTree, EPI
-1.52% Industrial SPDR, XLI
-1.53% Hong Kong Index, EWH
-1.54% Pharmaceuticals, PJP
-1.54% Telecommunications Global, IXP
-1.55% Malaysia Index, EWM
-1.56% Dividend SPDR, SDY
-1.56% Pacific ex-Japan, EPP
-1.56% Asia 50 BLDRS, ADRA
-1.58% Euro STOXX 50, FEZ
-1.61% Value 40 Large Low P/E FT DB, FDV
-1.62% Microcap Russell, IWC
-1.66% Dividend DJ Select, DVY
-1.66% Telecom Services VIPERs, VOX
-1.68% Brazil Index, EWZ
-1.69% Dividend Leaders, FDL
-1.70% Silver Trust iS, SLV
-1.70% South Africa Index, EZA
-1.71% Austria Index, EWO
-1.72% Sweden Index, EWD
-1.74% Aerospace & Defense, PPA
-1.74% SmallCap PS Zacks, PZJ
-1.74% Netherlands Index, EWN
-1.75% Value LargeCap Dynamic PS, PWV
-1.76% Global Titans, DGT
-1.76% Growth SmallCap R 2000, IWO
-1.76% Utilities, PUI
-1.77% Value SmallCap S&P 600 B, IJS
-1.79% Industrial LargeCap Blend DJ US, IYJ
-1.79% SmallCap Russell 2000, IWM
-1.79% Developed 100 BLDRS, ADRD
-1.80% LargeCap Blend Core iS M, JKD
-1.81% Insurance, PIC
-1.82% Retail, PMR
-1.84% Germany Index, EWG
-1.84% Telecom DJ US, IYZ
-1.84% Homebuilders SPDR, XHB
-1.84% Energy Exploration & Prod, PXE
-1.85% Industrials VIPERs, VIS
-1.86% Pharmaceutical H, PPH
-1.88% Value LargeCap NYSE 100 iS, NY
-1.89% Value Line Timeliness MidCap Gr, PIV
-1.91% Consumer D. VIPERs, VCR
-1.92% Growth BARRA Small Cap 600, IJT
-1.92% EMU Europe Index, EZU
-1.92% Value SmallCap Russell 2000, IWN
-1.93% Consumer Discretionary SPDR, XLY
-1.93% Value SmallCap Dynamic PS, PWY
-1.93% Spain Index, EWP
-1.93% Emerging 50 BLDRS, ADRE
-1.93% Value SmallCap S&P 600, RZV
-1.94% Micro Cap Zachs, PZI
-1.94% Value MidCap S&P 400 B, IJJ
-1.95% EAFE Index, EFA
-1.95% Leisure & Entertainment, PEJ
-1.96% Building & Construction, PKB
-1.97% Utilities H, UTH
-1.97% SmallCap S&P 600, IJR
-1.98% Value VIPERs, VTV
-1.98% Value S&P 500 B, IVE
-1.98% Materials SPDR, XLB
-1.99% IPOs, First Tr IPOX-100, FPX
-2.00% Value Large Cap DJ, ELV
-2.00% Utilities DJ, IDU
-2.01% DIAMONDS (DJIA), DIA
-2.01% Growth MidCap Russell, IWP
-2.01% Value SmallCap VIPERS, VBR
-2.03% Growth LargeCap Russell 3000, IWZ
-2.03% Canada Index, EWC
-2.04% Utilities VIPERs, VPU
-2.04% Australia Index, EWA
-2.06% Growth EAFE MSCI, EFG
-2.06% Growth Small Cap DJ, DSG
-2.07% Value 1000 Russell, IWD
-2.08% Nanotech Lux, PXN
-2.08% Value LargeCap Euro STOXX 50 DJ, FEU
-2.09% Small Cap VIPERs, VB
-2.10% MidCap S&P 400 SPDRs, MDY
-2.10% Transportation Av DJ, IYT
-2.12% LargeCap Rydex Rus Top 50, XLG
-2.13% MidCap Russell, IWR
-2.13% Growth MidCap 400 B, IJK
-2.13% MidCap S&P 400 iS, IJH
-2.14% Water Resources, PHO
-2.15% Growth 1000 Russell, IWF
-2.15% Global 100, IOO
-2.16% S&P 500 iS LargeCap Blend, IVV
-2.16% Growth SmallCap iS M, JKK
-2.16% Value EAFE MSCI, EFV
-2.17% Growth SmallCap VIPERs, VBK
-2.17% LargeCap Blend S&P 1500 iS, ISI
-2.17% European VIPERs, VGK
-2.17% Natural Resource iS GS, IGE
-2.18% Value LargeCap Russell 3000, IWW
-2.18% Value MidCap Russell, IWS
-2.20% LargeCap Blend S&P 100, OEF
-2.20% Value LargeCap iS M, JKF
-2.20% Utilities SPDR, XLU
-2.20% LargeCap Blend Russell 3000, IWV
-2.21% Blend Total Market VIPERs, VTI
-2.21% LargeCap 1000 R, IWB
-2.22% Emerging Markets, EEM
-2.22% Growth Mid Cap Dynamic PS, PWJ
-2.23% S&P 500 SPDRs LargeCap Blend, SPY
-2.24% Emerging VIPERs, VWO
-2.24% LargeCap VIPERs, VV
-2.24% Basic Materials DJ US, IYM
-2.25% LargeCap Blend Total Market DJ, IYY
-2.25% Value Small Cap DJ, DSV
-2.26% Internet Infrastructure H, IIH
-2.26% Extended Mkt VIPERs, VXF
-2.27% MidCap Blend Core iS M, JKG
-2.27% Internet B2B H, BHH
-2.27% Growth SmallCap Dynamic PS, PWT
-2.29% China LargeCap Growth G D H USX PS, PGJ
-2.30% Real Estate US DJ, IYR
-2.30% Materials VIPERs, VAW
-2.31% Growth MidCap S&P 400, RFG
-2.31% Realty Cohen & Steers, ICF
-2.32% Wilshire 5000 ST TM, TMW
-2.33% Growth S&P 500/BARRA, IVW
-2.34% Energy Global, IXC
-2.34% Europe 350 S&P Index, IEV
-2.35% France Index, EWQ
-2.35% SmallCap Core iS M, JKJ
-2.35% LargeCap Blend NYSE Composite iS, NYC
-2.36% LargeCap Blend Dynamic PS, PWC
-2.36% Value MidCap Dynamic PS, PWP
-2.38% Energy SPDR, XLE
-2.38% REIT Wilshire, RWR
-2.38% Value S&P 500, RPV
-2.38% MidCap VIPERs, VO
-2.41% Energy VIPERs, VDE
-2.42% Value LargeCap Fundamental RAFI 1000, PRF
-2.42% Energy DJ, IYE
-2.42% Oil, Crude, U.S. Oil Fund, USO
-2.42% MidCap Growth iS M, JKH
-2.43% LargeCap Blend S&P=Weight R, RSP
-2.46% Value MidCap iS M, JKI
-2.49% Value SmallCap iS M, JKL
-2.52% REIT VIPERs, VNQ
-2.53% Europe 100 BLDRS, ADRU
-2.54% LargeCap Blend Socially Responsible iS, KLD
-2.54% Growth VIPERs, VUG
-2.65% Italy Index, EWI
-2.71% Growth S&P 500, RPG
-2.72% Internet H, HHH
-2.75% Growth LargeCap iS M, JKE
-2.77% Financials Global LargeCap Value, IXG
-2.80% Software, IGV
-2.81% Software H, SWH
-2.83% Growth LargeCap NASDAQ Fidelity, ONEQ
-2.84% South Korea Index, EWY
-2.85% United Kingdom Index, EWU
-2.91% Taiwan Index, EWT
-2.92% Growth LargeCap NASDAQ 100, QQQQ
-2.93% OTC Dynamic PS, PWO
-2.97% Bank Regional H, RKH
-2.99% Growth Large Cap, ELG
-3.00% Lg Cap Growth PSD, PWB
-3.00% Financial DJ US, IYF
-3.02% Telecommunications & Wireless, PTE
-3.03% Metals & Mining SPDR, XME
-3.09% Technology MS sT, MTK
-3.14% Switzerland Index, EWL
-3.18% Networking, IGN
-3.21% Financials VIPERs, VFH
-3.26% Financial SPDR, XLF
-3.28% Capital Markets KWB ST, KCE
-3.31% Software, PSJ
-3.45% Financial Services DJ, IYG
-3.48% Technology SPDR, XLK
-3.61% Internet Architecture H, IAH
-3.68% Technology Global, IXN
-3.68% Technology GS, IGM
-3.75% Info Tech VIPERs, VGT
-3.79% Oil & Gas, PXJ
-3.89% Technology DJ US, IYW
-3.93% Oil Services H, OIH
-4.11% Ultra MidCap400 Double, MVV
-4.12% Ultra Dow30 Double, DDM
-4.26% Semiconductor SPDR, XSD
-4.31% WilderHill Clean Energy PS, PBW
-4.36% Ultra S&P500 Double, SSO
-4.42% Semiconductors, PSI
-4.70% Semiconductor iS GS, IGW
-4.96% Semiconductor H, SMH
-5.75% Ultra QQQ Double, QLD
