There were 54.8% Bulls versus 25.8% Bears, according to the Investors Intelligence weekly survey of stock market newsletter advisors reported on 2/15/11. This is the highest level of bullish sentiment since the stock market top in May, 2011.

The Dow-Jones Transportation Average fell 2.01% to close below the low closing prices of the previous 4 weeks.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) fell below the lows of the previous 4 weeks, confirming a downtrend.

U.S. dollar ETF (UUP) rose above the highs of the previous 3 weeks.

Crude Oil, United States Oil ETF (USO) rose above its highs of the previous 5 weeks, suggesting a bullish trend.

Gold, SPDR Gold Shares ETF (GLD) rose above the highs of the previous 3 trading days. GLD may have completed a normal mild pullback.

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below the lows of the previous 3 years, thereby reconfirming a bearish major trend for the long term

The S&P 500 Composite (SPX: 1,343.23) fell 0.54% on Wednesday. SPX rose above its highs of the previous 7 months in the morning but reversed in the afternoon, possibly suggesting exhaustion. NYSE volume rose 5% to confirm the change in direction to the downside.

My Short-Term Price Momentum Oscillator based on SPX declined again, breaking down below its lows of the previous 8 weeks. It had been warning of bearish divergence: even as the SPX rose to a new high last week, the slowness of the grind higher indicated that the stock market already had lost most of its bullish momentum and could be vulnerable to a downside correction at any time. A correction appears to be even more probable now.

SPX appears to be forming a potential Bearish Rising Wedge chart pattern since December. In addition, that pattern is contained within a larger potential Bearish Rising Wedge chart pattern beginning at the October low. Break downs below the lower boundary lines shown on the chart would offer technical warning of a possible fast return to the lows.

Expect resistance near the 2011 highs, 1356.48 set on 7/7/12 and 1370.58 set on 5/2/2011, allowing plus or minus a few percentage points for Gann’s “lost motion”.

Up big from recent lows, and with very little room above before resistance, Potential Reward relative to potential Risk appears unattractive.

The latest sentiment data, detailed below, indicates alarming degrees of optimism and bullish complacency. When the majority of investors has been bullish for some time, we can assume that they are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout. The pendulum of emotion tends to swing too far in one direction, but market mood always reverts to the mean.
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Equity Mutual Funds lost 6% in 2011, according to Lipper Research Services.
Hedge funds lost 5%, according to COO Connect.
Hedge funds suffered their second-worst year on record in 2011, according to an index maintained by Eurekahedge, an independent research firm that specializes in hedge fund data. Some of the world’s largest and best-known hedge funds suffered huge losses, down 20% to 50%.

But not all money managers were down in 2011; see:
Robert W. Colby Asset Management, Inc. (click here).
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Stock Market Indicators

NASDAQ Composite/S&P 500 Relative Strength Ratio remains neutral. The Ratio rose above its 50-day SMA on 1/17/12 and rose above its 200-day SMA on 1/18/12, but the 50-day SMA has remained below the 200-day SMA every day since 12/30/11. Absolute price of the NASDAQ Composite gave a bullish signal on 2/3/12 when it rose above the highs of the previous 11 years and the 50-day SMA rose above the 200-day SMA.

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) rose above its 50-day SMA on 1/17/12, turning neutral. BKF/SPY remains bearishly below its 200-day SMA, and the 50-day SMA has remained bearishly below the 200-day SMA every day since 1/13/11.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose above its 50-day SMA on 1/18/12, turning neutral. EEM/SPY remains bearishly below its 200-day SMA, and the 50-day SMA has remained bearishly below the 200-day SMA every day since 2/3/11.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) whipsawed back above its 50-day SMA on 2/1/12, turning technically neutral again. EFA/SPY fell below the lows of the previous 7 years on 1/6/12, reconfirming the preexisting major bearish trend. EFA/SPY remains below its falling 200-day SMA, and the 50-day SMA has remained bearishly below the 200-day SMA every day since 1/14/11.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) whipsawed below its 50-day SMA on 1/31/12, turning technically neutral. OEX/SPX remains above its 200-day SMA, and the 50-day SMA has remained bullishly above the 200-day SMA every day since 8/25/11. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size. Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors prefer riskier and more volatile stocks.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) turned down since 2/3/12. The 50-day SMA has remained below the 200-day SMA consistently every day since 8/11/11.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) turned down last week after peaking on 2/3/12. The 50-day SMA has remained bearishly below the 200-day SMA consistently every day since 8/24/11.
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Sentiment for Contrary Thinking

Investors Intelligence Sentiment: There were 54.8% Bulls versus 25.8% Bears, according to the Investors Intelligence weekly survey of stock market newsletter advisors reported on 2/15/11. This is the highest level of bullish sentiment since the stock market top in May, 2011.

AAII Sentiment: There were 52% Bulls and 20% Bears, according to the AAII weekly survey reported on 2/9/12. That was an upswing in net bullish emotion from 44% Bulls and 25% Bears as of the 2/2/12 reading.

Investment Newsletters are 75% bullish, the highest since near the major top in year 2000, according to Hulbert Digest.

Short Selling ETFs are trading the lowest volume since the market top in April, 2011, according to Frank D. Gretz of Wellington Shields & Co.

Corporate insiders are now selling their companies’ stock at the heaviest rate since the market peak last July, according to Mark Hulbert at MarketWatch. Insiders sold 577 shares for each 100 shares they bought, according to Argus Research Vickers Weekly Insider Report. That is a big change in insider behavior from 81 shares sold for each 100 shares bought in November. Since corporate insiders (officers, directors, and largest shareholders) know so much more about their companies than the public can possibly know, it is bearish when insiders sell at such a heavy pace.

NYSE short interest collapsed from a high peak of 16 billion shares sold short last September, which coincided with the stock market lows, to 12.5 billion shares sold short in February. This is the lowest level since last April, at the market top. Short interest represents a pool of potential demand for stocks, since short sellers eventually must buy back the shares they borrowed. Currently, that pool of demand is depleted.

VIX Fear Index broke down below the lows of the previous 6 months on 2/3/12, hitting 16.10 intraday. That was down from a peak of 48.00 on 8/8/11. Such a large drop in VIX indicated a shift away from fear and toward bullish complacency, which may be bearish. 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 S&P 500 Composite 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
1376.55, Fibonacci 100.0% projection 10/11 range
1370.58, high of 5/2/11
1359.44, high of 5/10/11
1356.48, high of 7/7/11
1355.87, high of 2/15/2012

The S&P 500 Composite Potential Support
1337.35, low of 210/2012
1300.49, low of 1/30/2012
1277.58, low of 1/13/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1257.51, 200-day SMA
1257.46, low of 12/30/11
1257.58, Fibonacci 61.8% of 2011 range
1255.22, high of 12/22/2011
1248.64, low of 12/29/2011
1244.80, low of 12/7/2011
1239.73, low of 12/1/2011
1238.81, Fibonacci 78.6% of 1,576.09 high
1234.81, low of 11/3/11
1231.04, high of 12/16/11
1226.64, low of 11/9/2011
1222.68, Fibonacci 50% of 2011 range
1224.57, high of 12/19/11
1215.20, low of 12/16/11
1209.47, low of 12/14/2011
1209.43, low of 11/17/2011
1204.49, Fibonacci 23.6% of 2009-11 range
1202.37, low of 12/19/11
1187.77, Fibonacci 38.2% of 2011 range
1158.66, low of 11/25/2011
1144.38, Fibonacci 23.6% of 2011 range
1101.73, Fibonacci 38.2% of 2009-11 range
1074.77, low of 10/4/2011
1039.70, low of 8/27/10
1039.31, Fibonacci 23.6% of June-Aug. 2010 range
1010.91, low of 7/1/2010
1018.69, Fibonacci 50% of 2009-11 range
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
935.64, Fibonacci 61.8% of 2009-11 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
817.40, Fibonacci 78.6% of 2009-11 range
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
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Fixed-Income Investments

Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) fell below the lows of the previous 3 months on 2/9/12 but managed to recover most of the day’s loss by the close. TLT whipsawed back below its 50-day SMA on 2/1/12, turning technically neutral again. TLT remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA every day since 6/24/11, suggesting a persistently bullish major trend for the longer term. Support 114.62, 109.82, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance 120.91, 121.64, 121.76, 124.02 and 125.03.

Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) whipsawed back above its 50-day SMA on 2/10/12, turning technically bullish again. IEF remains above its 200-day SMA, and the 50-day SMA has remained bullishly above the 200-day SMA every day since 6/21/11, suggesting a persistently bullish major trend. Support 104.38, 104.00, 103.29, 102.32, 101.36, 101.11, 99.79, and 97.66. Resistance 106.49 and 106.66.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) fell below the lows of the previous 4 weeks on 2/15/12, confirming a downtrend. JNK/LQD whipsawed back below its 50-day SMA on 2/13/12 and remains below its falling 200-day SMA. The 50-day SMA has remained bearishly below the 200-day SMA every day since 6/20/11.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) remains neutral. The 50-day SMA has remained bearishly below the 200-day SMA every day since 7/15/11.
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Tangible Assets, Commodities

U.S. dollar ETF (UUP) rose above the highs of the previous 3 weeks on 12/15/12 but remains neutral below its 50-day SMA. UUP remains above its 200-day SMA. Longer term, the 50-day SMA has remained above the 200-day SMA every day since 10/26/11. Support 21.84, 21.58, 21.07, and 20.84. Resistance 22.41, 22.46, 22.85, 23.52, 25.84, 27.19, 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) remains neutral. DBA has been whipsawing up and down through its 50-day SMA for most of 2012. DBA remains below its 200-day SMA, and the 50-day SMA has remained below the 200-day SMA every day since 8/8/11.

Crude Oil, United States Oil ETF (USO) rose above its highs of the previous 5 weeks on 2/15/12. USO rose above its 50-day SMA and rose above a 6-week downtrend line on 2/13/12, suggesting a bullish trend. USO remains above its 200-day SMA, and the 50-day SMA remains above the 200-day SMA. Support 36.67, 35.73, 34.54, 32.52, 29.10, 26.28, and 22.74. Resistance 39.96, 40.74, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) rose above the highs of the previous 3 trading days on 2/15/12, possibly suggesting a minor bounce. GLD may have completed a normal mild pullback from a minor high of 171.23 on 2/2/12 to a minor low of 166.33 on 2/10/12. GLD rose above the highs of the previous 11 weeks on 2/2/12, thereby confirming a larger uptrend. GLD rose above its 50-day SMA on 1/23/12 and rose above its 200-day SMA on 1/10/12. Longer term, the 50-day SMA has remained bullishly above the 200-day SMA every day since 2/11/09. Support: 166.33, 160.29, 159.68, 158.01, 156.19, 154.55, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 171.23, 175.46, 177.40, and 185.85.

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below the lows of the previous 3 years on 2/15/12, thereby reconfirming a bearish major trend for the long term. GDX/GLD remains bearishly below its 50-day and 200-day SMAs. Longer term, the 50-day SMA has remained bearishly below the 200-day SMA every day since 2/22/11.

Silver, iShares Silver Trust ETF (SLV) remains neutral but may be tilting toward the downside. SLV fell below the lows of the previous 10 trading days intraday on 2/15/12, possibly suggesting a downside correction. SLV rose above the highs of the previous 12 weeks on 2/9/12 intraday but closed lower, disappointing the bulls. SLV remains above its 50-day SMA but below its falling 200-day SMA, and the 50-day SMA remains below the 200-day SMA. Support 32.02, 30.67, 28.63, 27.83, 25.65, and 24.44. Resistance: 33.47, 34.44, 34.51, 40.23, 41.49, 42.30, 42.78, 44.71 and 48.35.

Silver/Gold ETFs Ratio (SLV/GLD) remains neutral but may be tilting toward the downside. SLV fell below the lows of the previous 10 trading days intraday on 2/15/12, possibly suggesting a downside correction. SLV/GLD remains above its 50-day SMA but below its falling 200-day SMA. Longer term, SLV/GLD fell below the lows of the previous 14 months on 12/28/11, and the 50-day SMA has remained below the 200-day SMA every day since 8/30/11.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) whipsawed back below its 200-day SMA on 2/10/12, thereby suggesting a possible downside correction. Longer term, JJC’s 50-day SMA has remained bearishly below the 200-day SMA every day since 8/8/11.
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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
1.66% , ADRA , Asia 50 BLDRS, ADRA
1.61% , ITF , Japan LargeCap Blend TOPIX 150, ITF
7.17% , DVN , DEVON ENERGY
5.11% , K , KELLOGG
3.90% , TLAB , TELLABS
4.66% , CMCSA , COMCAST HOLDINGS STK A
2.12% , PCAR , PACCAR
3.60% , HES , AMERADA HESS
2.50% , COF , CAPITAL ONE FNCL
8.05% , SHLD , SEARS HOLDINGS
2.02% , DPS , Dr Pepper Snapple Group
3.49% , TEVA , Teva Pharmaceutical Industries Limited
2.32% , ININ , Interactive Intelligence ININ
1.85% , EPI , India Earnings WTree, EPI
2.30% , RF , REGIONS FINAN
1.22% , DISCA , Discovery Communications
2.51% , LIZ , LIZ CLAIRBORNE
1.14% , IGN , Networking, IGN
1.49% , QID , Short 200% QQQ PS, QID
0.68% , MZZ , Short 200% MidCap 400 PS, MZZ
1.58% , SNV , SYNOVUS
3.13% , NBR , NABORS
2.20% , PMCS , PMC SIERRA
1.80% , PTEN , Patterson-UTI Energy Inc
1.94% , NTAP , NETWK APPLIANCE
1.06% , EBAY , EBAY
1.13% , CNP , CENTERPNT ENERGY
2.33% , SEE , SEALED AIR
1.46% , SNDK , SanDisk Corporation
2.33% , CROX , CROCS Inc., CROX
1.50% , PIN , India PS, PIN
2.32% , HIG , HARTFORD FINL
0.56% , JKI , Value MidCap iS M, JKI

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-6.83% , DYN , DYNEGY
-0.22% , KCE , Capital Markets KWB ST, KCE
-0.55% , JKE , Growth LargeCap iS M, JKE
-5.36% , DE , DEERE & CO
-3.43% , NYT , NY TIMES STK A
-3.64% , NSC , NORFOLK SOUTHERN
-2.31% , AAPL , APPLE COMPUTER
-2.81% , PSTL , Steel Global PS ETF, PSTL
-3.84% , KSU , Kansas City Southern, KSU
-2.12% , KMX , CarMax
-0.63% , PWB , Lg Cap Growth PSD, PWB
-3.32% , UNP , UNION PACIFIC
-0.45% , RFV , Value MidCap S&P 400, RFV
-1.60% , SJM , J. M. Smucker
-0.54% , IWZ , Growth LargeCap Russell 3000, IWZ
-2.41% , UTX , UNITED TECH
-2.80% , HOT , STARWOOD HOTELS
-1.72% , LMT , LOCKHEED MARTIN
-2.84% , EXPD , Expeditors International WA
-3.24% , MDP , MEREDITH
-1.95% , LH , LAB CRP OF AMER
-2.89% , CSX , CSX
-0.70% , PWV , Value LargeCap Dynamic PS, PWV
-2.03% , FDO , FAMILY DLR STRS
-1.15% , ERIC.O , LM Ericsson Telephone Company
-0.56% , IGM , Technology GS, IGM
-2.98% , RFMD , RF Micro Devices Inc
-2.93% , DUK , DUKE ENERGY
-2.63% , PGN , PROGRESS ENERGY
-2.59% , SNA , SNAP ON
-1.44% , QLD , Ultra QQQ Double, QLD
-0.59% , XLG , LargeCap Rydex Rus Top 50, XLG
-0.53% , FEZ , Euro STOXX 50, FEZ
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.85% India Earnings WTree, EPI
1.65% Japan Index, EWJ
1.50% India PS, PIN
1.49% Hong Kong Index, EWH
1.17% Thailand MSCI iS, THD
1.14% Networking, IGN
1.07% China 25 iS, FXI
0.91% Taiwan Index, EWT
0.89% Pacific VIPERs, VPL
0.88% Oil, Crude, U.S. Oil Fund, USO
0.87% South Korea Index, EWY
0.71% China LargeCap Growth G D H USX PS, PGJ
0.68% Oil Fund PowerShares, DBO
0.61% Russia MV, RSX
0.60% Semiconductor SPDR, XSD
0.59% Gold Shares S.T., GLD
0.52% Semiconductor iS IGW, SOXX
0.51% Bear, Short S&P 500, SH
0.35% Commodity Tracking, DBC
0.35% Global ex US ACWI iS, ACWX
0.32% Sweden Index, EWD
0.28% Emerging Markets, EEM
0.28% Emerging VIPERs, VWO
0.21% Canada Index, EWC
0.19% Growth EAFE MSCI, EFG
0.19% Bond, TIPS, TIP
0.18% Preferred Stock iS, PFF
0.16% Pacific ex-Japan, EPP
0.13% Bond EmrgMkt JPM iS, EMB
0.11% EAFE Index, EFA
0.10% Agriculture DB PS, DBA
0.08% Materials SPDR, XLB
0.08% Singapore Index, EWS
0.08% Bond, 10 Year Treasury, IEF
0.04% Value EAFE MSCI, EFV
0.01% Bond, 1-3 Year Treasury, SHY
0.01% Bond Treasury Short-Term iS, SHV
0.00% Energy & Nat Res iS GS, IGE
0.00% Dividend International, PID
-0.03% Consumer Staples SPDR, XLP
-0.04% Bond, Aggregate, AGG
-0.04% Turkey MSCI iS, TUR
-0.06% Austria Index, EWO
-0.08% Chile MSCI iS, ECH
-0.08% Switzerland Index, EWL
-0.08% Energy VIPERs, VDE
-0.10% Basic Materials DJ US, IYM
-0.10% Small Cap EAFE MSCI iS, SCZ
-0.11% Netherlands Index, EWN
-0.14% Telecom DJ US, IYZ
-0.14% Bond, Corp, LQD
-0.15% Value MidCap Russell, IWS
-0.16% Bond Muni ATM-Free S&P iS, MUB
-0.16% Energy SPDR, XLE
-0.17% Energy Global, IXC
-0.17% United Kingdom Index, EWU
-0.18% Bond, 20+ Years Treasury, TLT
-0.18% Value MidCap S&P 400 B, IJJ
-0.19% Energy DJ, IYE
-0.19% Health Care SPDR, XLV
-0.19% Global 100, IOO
-0.20% Utilities SPDR, XLU
-0.21% Malaysia Index, EWM
-0.22% Capital Markets KWB ST, KCE
-0.23% Emerging 50 BLDRS, ADRE
-0.23% Bond Ex-US Treas, BWX
-0.24% MidCap Russell, IWR
-0.26% Growth MidCap Russell, IWP
-0.28% Silver Trust iS, SLV
-0.28% MidCap S&P 400 iS, IJH
-0.28% France Index, EWQ
-0.30% LargeCap Blend S&P=Weight R, RSP
-0.30% Australia Index, EWA
-0.30% Europe 350 S&P Index, IEV
-0.30% Biotech SPDR, XBI
-0.31% Dividend DJ Select, DVY
-0.31% MidCap S&P 400 SPDRs, MDY
-0.32% Bond, High-Yield Corporate, HYG
-0.33% European VIPERs, VGK
-0.33% REIT Wilshire, RWR
-0.38% Realty Cohen & Steers, ICF
-0.38% Utilities VIPERs, VPU
-0.39% Growth MidCap 400 B, IJK
-0.39% Dividend SPDR, SDY
-0.40% Financial Preferred, PGF
-0.40% Value S&P 500 B, IVE
-0.41% Value 1000 Russell, IWD
-0.43% Dividend High Yield Equity PS, PEY
-0.43% Blend Total Market VIPERs, VTI
-0.43% Bond, High-Yield Junk, JNK
-0.44% S&P 500 iS LargeCap Blend, IVV
-0.45% Consumer Discretionary SPDR, XLY
-0.45% Value VIPERs, VTV
-0.45% LargeCap VIPERs, VV
-0.47% S&P 500 SPDRs LargeCap Blend, SPY
-0.47% LargeCap 1000 R, IWB
-0.49% Info Tech VIPERs, VGT
-0.49% Real Estate US DJ, IYR
-0.50% Germany Index, EWG
-0.51% Dividend Appreciation Vipers, VIG
-0.53% Technology SPDR, XLK
-0.54% LargeCap Blend Russell 3000, IWV
-0.54% Technology DJ US, IYW
-0.55% Growth 1000 Russell, IWF
-0.58% South Africa Index, EZA
-0.58% Growth S&P 500/BARRA, IVW
-0.59% EMU Europe Index, EZU
-0.59% Growth VIPERs, VUG
-0.60% REIT VIPERs, VNQ
-0.60% Metals & Mining SPDR, XME
-0.60% LargeCap Blend S&P 100, OEF
-0.61% Financial DJ US, IYF
-0.61% Belgium Index, EWK
-0.62% Financials VIPERs, VFH
-0.62% Financial SPDR, XLF
-0.62% Financial Services DJ, IYG
-0.62% Small Cap VIPERs, VB
-0.62% Growth SmallCap VIPERs, VBK
-0.62% DIAMONDS (DJIA), DIA
-0.64% Frontier Markets Guggenheim , FRN
-0.64% Indonesia MV, IDX
-0.68% Italy Index, EWI
-0.68% Brazil Index, EWZ
-0.69% Value SmallCap VIPERS, VBR
-0.70% QQQ Nasdaq 100 Trust, QQQ
-0.70% Mexico Index, EWW
-0.70% Value LargeCap Dynamic PS, PWV
-0.73% Growth BARRA Small Cap 600, IJT
-0.76% Growth SmallCap R 2000, IWO
-0.82% Latin Am 40, ILF
-0.83% SmallCap Russell 2000, IWM
-0.84% SmallCap S&P 600, IJR
-0.90% Value SmallCap Russell 2000, IWN
-0.96% Value SmallCap S&P 600 B, IJS
-1.20% Water Resources, PHO
-1.23% Microcap Russell, IWC
-1.29% Spain Index, EWP
-1.29% Homebuilders SPDR, XHB
-1.31% Industrial SPDR, XLI
-1.32% WilderHill Clean Energy PS, PBW
-1.95% Transportation Av DJ, IYT