S&P 500 Composite (SPX, 1,328.01) eased moderately lower on Tuesday. Price pullbacks have been brief and mild since 12/1/10.

Crude Oil fell further below the low end of its 2.5-month trading range, confirming a correction.

Gold rose above the highs of the previous 3 weeks, confirming a bullish trend for the short term.

Silver rose above the highs of the previous 6 weeks, confirming a bullish trend for the short term.
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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
6.87% , WYN , Wyndham Worldwide
6.10% , GPS , GAP
4.71% , MMC , MARSH & MCLENNAN
3.57% , LVLT , LEVEL 3 COMMUNICATIONS
5.53% , HRB , H&R BLOCK
3.53% , GENZ , GENZYME
3.44% , MBI , MBIA
2.00% , KSU , Kansas City Southern, KSU
0.23% , TLH , Bond 10-20 Year US Treas, TLH
1.93% , LBTYA , Liberty Global Inc. (LBTYA)
1.80% , OXY , OCCIDENTAL
3.25% , X , US STEEL CORP
1.84% , YHOO , YAHOO
2.12% , FDX , FEDEX
0.69% , IAU , Gold COMEX iS, IAU
1.63% , LOW , LOWES
0.63% , RYAAY , Ryanair Holdings plc
0.95% , DLTR , Dollar Tree Stores Inc
1.26% , HUM , HUMANA
1.76% , HGSI , Human Genome Sciences Inc
1.12% , MAR , MARRIOTT INTL STK A
1.61% , HSP , HOSPIRA
1.15% , SCHW.K , CHARLES SCHWAB, SCHW.O
1.67% , ABT , ABBOTT LABS
0.74% , STI , SUNTRUST BANKS
1.21% , CMCSA , COMCAST HOLDINGS STK A
0.87% , AEP , AM ELEC POWER
1.41% , GT , GOODYEAR TIRE
1.00% , PGR , PROGRESSIVE OHIO
0.93% , TNB , THOMAS & BETTS
0.30% , RTH , Retail H, RTH
1.29% , MKC , MCCORMICK
1.94% , GNW , GENWORTH FINANCIAL

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-9.23% , MAS , MASCO
-5.01% , MRVL , MARVELL TECHNOLOGY
-6.36% , LIZ , LIZ CLAIRBORNE
-7.92% , SIRI , Sirius Satellite
-4.78% , MON , MONSANTO
-4.78% , A , AGILENT TECH
-0.72% , JKJ , SmallCap Core iS M, JKJ
-3.06% , BK , BANK OF NEW YORK
-2.33% , ITW , ILLINOIS TOOL
-2.90% , CTL , CENTURYTEL
-0.59% , IWP , Growth MidCap Russell, IWP
-2.97% , Q , QWEST COMMUNICAT
-2.11% , ININ , Interactive Intelligence ININ
-3.64% , AVP , AVON
-1.81% , TER , TERADYNE
-1.74% , CTAS , CINTAS
-2.54% , APC , ANADARKO PETRO
-0.43% , FDV , Value 40 Large Low P/E FT DB, FDV
-0.74% , EWO , Austria Index, EWO
-0.41% , IVE , Value S&P 500 B, IVE
-1.50% , PBI , PITNEY BOWES
-2.16% , EMN , EASTMAN CHEM
-0.70% , EWW , Mexico Index, EWW
-1.07% , PSI , Semiconductors, PSI
-0.32% , TTH , Telecom H, TTH
-2.26% , OMC , OMNICOM
-1.29% , DBC , Commodity Tracking, DBC
-0.27% , PBW , WilderHill Clean Energy PS, PBW
-1.99% , INTU , INTUIT
-1.23% , DBA , Agriculture DB PS, DBA
-1.00% , THC , TENET HEALTHCARE
-1.41% , BDX , BECTON DICKINSON
-1.14% , CI , CIGNA

9 major U.S. stock sectors ranked in order of long-term relative strength:

Energy (XLE) Bullish, Over Weight. The Relative Strength Ratio (XLE/SPY) rose further above 15-month highs on 2/2/11, reconfirming its preexisting bullish major trend. Absolute price of XLE rose above 2-year highs on 2/14/11, reconfirming its preexisting bullish major trend. Support 68.73, 67.49, 65.25, 65.03, 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 78.10, 83.27, and 91.42.

Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose above 2-year highs on 2/11/11 and remains bullish. Absolute closed above 2-year closing price highs on 2/11/11 and remains bullish. Support 35.38, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 39.02 and 39.97.

Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose above the highs of the previous 6 weeks on 2/11/11 and turned bullish by rising above its 50-day SMA. Absolute price rose above 3-year highs on 2/11/11, which was a bullish confirmation for the longer-term trend. Support 36.61, 36.13, 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 40.13 and 40.70.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) crossed below its 50-day SMA on 2/9/11 thereby turning neutral again. Absolute price rose above 2-year highs on 2/14/11 and remains bullish. Support 37.24, 36.99, 36.54, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 40.15 and 41.06.

Technology (XLK) Bullish, Over Weight. The Relative Strength Ratio (XLK/SPY) crossed above its 50-day SMA on 1/25/11, thereby turning bullish again. This RS ratio rose above 8-year highs on 11/3/10, which was a bullish confirmation of the primary uptrend. Absolute price of XLK closed above 3-year closing price highs on 2/14/11 and remains bullish. Support 25.65, 25.53, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 27.43, 27.63, and 28.60.

Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) rose above its 50-day SMA on 12/8/10, thereby turning neutral. Absolute price of XLF rose above above 2-year highs on 2/14/11 and remains bullish. Support 16.19, 16.03, 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 17.16 and 17.87.

Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) fell below 2-year lows on 2/14/11 and remains bearish. Absolute price crossed above its 50-day SMA on 2/4/11, thereby turning bullish for the short term. Support 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 29.72 and 30.29.

Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below 2-year lows on 2/11/11 and remains bearish, as it has been most of the time since peaking on 2/23/09. Absolute price rose above 10-month highs on 2/11/11 and remains bullish. Support 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 32.69, 33.16, 33.37 and 33.74.

Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below 4-year lows on 2/14/11 and remains bearish. Absolute price of XLU rose above its 50-day SMA on 1/3/11 and is technically bullish. Support 31.23, 30.51, 29.66, 27.91, 27.44, and 25.76. Resistance 32.21 and 32.40.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell further below 8-month lows on 2/14/11, reconfirming its bearish trend. The ratio turned bearish from neutral on 2/4/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) turned bearish from neutral on 2/10/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

NASDAQ Composite/S&P 500 Relative Strength Ratio fell below 50-day SMA on 1/20/11, turning neutral for the short term. Long term, the ratio rose above 10-year highs on 1/18/11, confirming a bullish Primary Tide uptrend.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) turned bearish from neutral on 2/10/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA. Long term, the ratio fell below 28-year lows on 12/3/10, confirming a major bearish trend. Big caps had been relatively out of favor for more than 10 years, from 3/29/2000 to 12/3/10.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) crossed above its 50-day SMA on 2/14/11, turning bullish again. Long term, the ratio rose above 20-year highs on 12/21/10, which confirmed a bullish trend.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs on 2/14/11, thereby reconfirming its preexisting bullish major trend. The ratio turned bullish from neutral on 2/7/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.

CRB Index of commodity prices rose above 2-year highs on 2/2/11, thereby reconfirming its preexisting bullish major trend.

Crude Oil nearest futures contract price fell further below the low end of its 2.5-month trading range on 2/15/11, confirming a correction. Long term, Oil rose above 2-year highs on 1/3/11, thereby reconfirming its preexisting bullish major trend. Support 83.55, 80.28, 80.06, 79.84, 79.25, 78.86, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 92.57, 92.84, 93.46, 98.65, and 102.84.

Gold nearest futures contract price rose above the highs of the previous 3 weeks on 2/15/11, confirming a bullish trend for the short term. Long term, Gold rose above previous all-time highs on 12/7/10, confirming a bullish major trend. Support 1309.1, 1307.7, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1378.9, 1392.9, and 1432.5.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above 4-week highs on 2/8/11 but remains neutral, based on the relationship of the ratio itself, its 50-day SMA, and its 200-day SMA.

Silver nearest futures contract price rose above the highs of the previous 6 weeks on 2/15/11, confirming a bullish trend for the short term. Long term, Silver rose above previous 30-year highs on 1/3/11, confirming a bullish major trend. Support 26.30, 24.98, and 22.84. Resistance: 31.275.

Silver/Gold Ratio rose above 4-year highs on 2/14/11, confirming a bullish major trend.

Copper nearest futures contract price rose above all-time highs on 2/14/11, thereby reconfirming its preexisting bullish major trend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 4.208, 4.204, 4.08, 3.9795, 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.6495.

U.S. Treasury Bond nearest futures contract price consolidated losses since 2/9/11. The Bond fell further below 9-month lows on 2/9/11, confirming a bearish long-term major trend. Support, 115.15, 114.06, 113.04, and 112.15. Resistance 122.07, 123.26, 128.00 129.14, 129.27, 132.26, 133.00, 135.12, 135.19, 136.31, 137.31, and 142.31.

Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) remains bullish, above 50- and 200-day SMAs. JNK absolute price also remains bullish.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has been in a rising trend since making a low on 8/24/10, even as absolute price of TIP has declined. A rising Relative Strength Ratio implies that fixed-income investors have been selling inflation protected TIPs at a relatively more subdued pace, compared to the 7-10 Year U.S. Treasury Note ETF (IEF) since 8/24/10.

The U.S. dollar nearest futures contract price eased moderately lower on Tuesday. USD rose above 3-week highs, on 2/14/11, confirming a short-term uptrend. USD fell below the lows of the previous 11 weeks on 2/2/11, and that breakdown reconfirmed an intermediate-term downtrend. Long term, USD fell below 11-month lows on 11/3/10, confirming a downtrend. Support 77.00, 76.175, 75.23, 74.27, and 70.80. Resistance 79.34, 81.635, 81.935, 82.02, 83.64, 84.73, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.

Advisory Service Sentiment: There were 53.4% Bulls versus 23.3% Bears as of 2/9/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio stands at 2.29, down from 3.00 on 1/12/11, and nearly one standard deviation above the long-term, 20-year mean. The 20-year range is 0.41 to 3.74, the median is 1.55, and the mean is 1.63.

VIX Fear Index fell below 3-year lows to 14.86 on 2/8/11, reflecting bullish sentiment among options players. 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.

The Dow Theory reconfirmed a Primary Tide Bull Market as of 2/11/11, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above closing price highs of the previous 2-years. The Dow Theory originally 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. While other Dow Theorists were fooled by the big downside Secondary Reaction in May and June 2010 and called a “Bear Market”, my interpretation of the Dow Theory has been steadily Bullish on the Primary Tide Trend every day since 7/23/09.

S&P 500 Composite (SPX, 1,328.01) eased moderately lower on Tuesday. SPX rose above the highs of the previous 2-years on Monday 2/14/11, which reconfirmed its preexisting Bullish Primary Tide Trend.

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

S&P 500 Cash Index Potential Support
1311.74, low of 2/10/11
1294.83, low of 2/3/11
1275.10, low of 1/28/11
1271.26, low of 1/20/11
1261.70, low of 1/7/11
1251.48, low of 12/27/10
1246.73, high of 12/13/10
1238.81, Fibonacci 78.6% of 1,576.09 high
1235.05, high of 12/7/10
1232.85, low of 12/16/10
1228.74, Fibonacci 61.8% of 2007-2009 range
1227.08, high of 11/5/10
1173.00, low of 11/16/10
1171.70, low of 10/27/10
1166.74, low of 10/20/10
1159.71, low of 10/19/10
1,151.41, low of 10/7/10
1,131.87, low of 10/4/10
1122.79, low of 9/23/2010
1114.63, low of 9/15/2010
1110.88, low of 9/10/2010
1091.15, low of 9/7/2010
1039.70, low of 8/27/10
1039.31, Fibonacci 23.6% of June-Aug. 2010 range
1010.91, low of 7/1/2010
1008.55, Fibonacci 38.2% of 2009-2010 range
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
943.29, Gann 50.0% of 2009-2010 range
878.04, Fibonacci 61.8% of 2009-2010 range
874.17, Gann 62.5% of 2009-2010 range
869.32, low of 7/8/2009
805.17, Gann 75.0% of 2009-2010 range
785.13, Fibonacci 78.6% 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

1.25% Thailand MSCI iS, THD
0.77% Gold Shares S.T., GLD
0.57% India Earnings WTree, EPI
0.49% Turkey MSCI iS, TUR
0.45% India PS, PIN
0.45% Bond, 20+ Years Treasury, TLT
0.40% Switzerland Index, EWL
0.35% Latin Am 40, ILF
0.35% Transportation Av DJ, IYT
0.31% Utilities SPDR, XLU
0.31% Bond Ex-US Treas, BWX
0.25% Utilities VIPERs, VPU
0.23% Bond, 10 Year Treasury, IEF
0.22% Bond, Corp, LQD
0.20% Emerging Markets, EEM
0.20% Emerging VIPERs, VWO
0.19% Metals & Mining SPDR, XME
0.18% Frontier Markets Guggenheim , FRN
0.13% Taiwan Index, EWT
0.13% Silver Trust iS, SLV
0.13% Consumer Discretionary SPDR, XLY
0.12% Bond, Aggregate, AGG
0.12% Brazil Index, EWZ
0.12% Bond, TIPS, TIP
0.09% Emerging 50 BLDRS, ADRE
0.05% Hong Kong Index, EWH
0.05% Bond, 1-3 Year Treasury, SHY
0.02% Biotech SPDR, XBI
0.00% Malaysia Index, EWM
-0.02% Bond Treasury Short-Term iS, SHV
-0.03% Bond EmrgMkt JPM iS, EMB
-0.03% Consumer Staples SPDR, XLP
-0.04% France Index, EWQ
-0.05% Canada Index, EWC
-0.05% Preferred Stock iS, PFF
-0.07% South Korea Index, EWY
-0.10% Bond, High-Yield Junk, JNK
-0.11% Italy Index, EWI
-0.12% European VIPERs, VGK
-0.13% EMU Europe Index, EZU
-0.13% Financial SPDR, XLF
-0.14% Growth LargeCap NASDAQ 100, QQQQ
-0.14% Bond Muni ATM-Free S&P iS, MUB
-0.15% Global 100, IOO
-0.15% Indonesia MV, IDX
-0.17% Europe 350 S&P Index, IEV
-0.18% Global ex US ACWI iS, ACWX
-0.18% Dividend SPDR, SDY
-0.19% Spain Index, EWP
-0.20% Bond, High-Yield Corporate, HYG
-0.20% Value MidCap S&P 400 B, IJJ
-0.20% Value LargeCap Dynamic PS, PWV
-0.21% Financial DJ US, IYF
-0.22% Health Care SPDR, XLV
-0.22% United Kingdom Index, EWU
-0.22% Capital Markets KWB ST, KCE
-0.23% Value 1000 Russell, IWD
-0.23% LargeCap Blend S&P 100, OEF
-0.23% Dividend DJ Select, DVY
-0.25% Value MidCap Russell, IWS
-0.26% Dividend Appreciation Vipers, VIG
-0.26% Financial Services DJ, IYG
-0.26% Growth S&P 500/BARRA, IVW
-0.26% Growth VIPERs, VUG
-0.27% WilderHill Clean Energy PS, PBW
-0.29% China 25 iS, FXI
-0.30% EAFE Index, EFA
-0.30% Value EAFE MSCI, EFV
-0.31% S&P 500 iS LargeCap Blend, IVV
-0.31% Financials VIPERs, VFH
-0.31% S&P 500 SPDRs LargeCap Blend, SPY
-0.32% Blend Total Market VIPERs, VTI
-0.32% Belgium Index, EWK
-0.33% DIAMONDS (DJIA), DIA
-0.33% Telecom DJ US, IYZ
-0.34% Real Estate US DJ, IYR
-0.34% LargeCap VIPERs, VV
-0.35% MidCap S&P 400 SPDRs, MDY
-0.35% Value VIPERs, VTV
-0.35% LargeCap Blend Russell 3000, IWV
-0.36% LargeCap Blend S&P=Weight R, RSP
-0.36% MidCap S&P 400 iS, IJH
-0.37% Industrial SPDR, XLI
-0.37% Technology SPDR, XLK
-0.38% REIT VIPERs, VNQ
-0.38% Growth 1000 Russell, IWF
-0.38% LargeCap 1000 R, IWB
-0.38% Dividend International, PID
-0.40% MidCap Russell, IWR
-0.40% REIT Wilshire, RWR
-0.41% Netherlands Index, EWN
-0.41% Value S&P 500 B, IVE
-0.41% Realty Cohen & Steers, ICF
-0.42% Value SmallCap VIPERS, VBR
-0.42% Value SmallCap Russell 2000, IWN
-0.45% Dividend High Yield Equity PS, PEY
-0.46% Germany Index, EWG
-0.47% China LargeCap Growth G D H USX PS, PGJ
-0.49% Info Tech VIPERs, VGT
-0.49% Energy & Nat Res iS GS, IGE
-0.50% Technology DJ US, IYW
-0.51% Small Cap EAFE MSCI iS, SCZ
-0.56% Growth EAFE MSCI, EFG
-0.57% SmallCap Russell 2000, IWM
-0.59% Growth MidCap Russell, IWP
-0.60% Small Cap VIPERs, VB
-0.61% Microcap Russell, IWC
-0.61% Pacific VIPERs, VPL
-0.64% Energy Global, IXC
-0.65% Growth MidCap 400 B, IJK
-0.66% Basic Materials DJ US, IYM
-0.67% South Africa Index, EZA
-0.67% Singapore Index, EWS
-0.68% Pacific ex-Japan, EPP
-0.70% Japan Index, EWJ
-0.70% Mexico Index, EWW
-0.73% Growth SmallCap R 2000, IWO
-0.74% Austria Index, EWO
-0.76% Growth SmallCap VIPERs, VBK
-0.79% Sweden Index, EWD
-0.83% Financial Preferred, PGF
-0.85% Value SmallCap S&P 600 B, IJS
-0.91% Growth BARRA Small Cap 600, IJT
-0.92% Semiconductor SPDR, XSD
-0.92% Russia MV, RSX
-0.94% SmallCap S&P 600, IJR
-0.97% Energy DJ, IYE
-1.00% Australia Index, EWA
-1.02% Semiconductor iS IGW, SOXX
-1.04% Energy SPDR, XLE
-1.08% Energy VIPERs, VDE
-1.14% Materials SPDR, XLB
-1.23% Agriculture DB PS, DBA
-1.24% Water Resources, PHO
-1.25% Homebuilders SPDR, XHB
-1.29% Commodity Tracking, DBC
-1.37% Oil, Crude, U.S. Oil Fund, USO
-1.38% Networking, IGN
-1.52% Chile MSCI iS, ECH