The S&P 500 Composite (SPX: 1,374.09) bounced back on Thursday. NYSE volume fell 13%, however, thereby denying confirmation of the day’s price strength. On days when stock prices rise, volume languishes at extremely low levels, suggesting weak demand for stocks. The 50-day SMA of NYSE Volume fell to its lowest level in 12 years on 2/28/12.
SPX remains within a potential Bearish Rising Wedge chart pattern, which has forming 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 would offer technical warning of a possible fast return to the lows.
Popular Price Momentum indicators, such as RSI(14), turned upward but failed to confirm higher price highs over the past 14 trading days, thereby warning of bearish divergence.
My Sensitive Short-Term Price Momentum Oscillator based on SPX turned up but is below Tuesday’s high, indicating a bearish divergence compared to the close price of the SPX. In recent weeks, the slowness of the grind higher indicated that the stock market already had lost most of its bullish momentum.
Expect resistance near the 2011 highs, around the intraday peak on the SPX at 1370.58 set on 5/2/2011, allowing plus or minus a few percentage points for Gann’s “lost motion”.
Overbought, up big from the October low, and with very little room above before encountering resistance, Potential Reward relative to potential Risk appears unattractive for stocks.
Recent 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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9 major U.S. stock sectors ranked in order of long-term relative strength:
Available by subscription only (click here).
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Stock Market Indicators
The Dow Theory gave a bullish signal on 12/23/11, when both Dow-Jones Industrial and Transportation Averages closed above their closing price highs of the previous 5 months. These two Averages diverged after 2/3/12, however, as Industrials struggled higher while Transports failed to confirm. The Industrials rose above their highs of the previous 3 years on 2/28/12, but the Transports were 3.79% below their high closing price set on 2/3/12.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose from 12/29/12 to 2/16/12 but stalled since. Still, the Ratio remains above its 50-day and 200-day SMAs. Absolute price of the NASDAQ Composite rose to an 11-year high intraday on 2/29/12 but reversed to close lower.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) remains neutral. BKF/SPY remains above its 50-day SMA but 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) remains technically neutral. EEM/SPY remains above its 50-day SMA but 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) remains neutral. EFA/SPY remains above its 50-day SMA but below its 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) rose above its 50-day SMA on 2/28/12, thereby turning bullish again. 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) fell below the lows of the previous 6 weeks on 2/29/12, which is a bearish signal for the short term. Longer-term, IWM/SPY appears neutral.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below the lows of the previous 4 weeks on 2/29/12, which is a bearish signal for the short term. Longer-term, the 50-day SMA has remained below the 200-day SMA consistently every day since 8/24/11.
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Sentiment for Contrary Thinking
ABC News reported on 2/21/12 that 10 out of 10 investment strategists at large firms were bullish. http://abcnews.go.com/watch/world-news-with-diane-sawyer/SH5585921/VD55173505/world-news-221-dow-jones-climbs-past-13000
The Commitment of Traders (COT) report shows that the Commercials (giant corporations with deep pockets) have been buying “risk off” defensive futures contracts, specifically, the U.S. dollar and the ten-year Treasury note. On the other side, trend-following Speculators have been buying “risk on” aggressively bullish contracts, setting a new all-time net-long record in the Nasdaq futures. The unusually large size of Speculators’ positions implies a weak-handed, top-heavy stock market.
AAII Sentiment: There were 51.64% Bulls and 20.19% Bears, according to the AAII weekly survey reported on 2/9/12. This was the highest level of bullish sentiment in more than a year, since 52.34% Bulls on 1/13/11.
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 was the highest level of bullish sentiment since the stock market top in May, 2011.
Investment Newsletters were 75% bullish, the highest since near the major top in year 2000, according to Hulbert Digest.
Market Vane’s Bullish Consensus among Advisors and Newsletters rose to 66% Bulls this month, in the same 64% to 69% range of Bulls from February to July 2011 at the highs.
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 have been 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 16.1 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
1378.04, high of 2/29/2012
1376.55, Fibonacci 100.0% projection 10/11 range
1370.58, high of 5/2/11
The S&P 500 Composite Potential Support
1352.28, low of 2/23/2012
1337.35, low of 2/10/2012
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
1258.46, 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) turned neutral on 2/25/12 when price fell below its 50-day SMA. TLT remains above its 200-day SMA. 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 114.95, 114.62, 109.82, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance 119.14, 120.91, 121.64, 121.76, 124.02 and 125.03.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) turned neutral on 2/29/12 when price fell below its 50-day SMA. IEF remains above its 200-day SMA. The 50-day SMA has remained above the 200-day SMA every day since 6/21/11, suggesting a persistently bullish major trend for the longer term. Support 104.34, 104.00, 103.29, 102.32, 101.36, 101.11, 99.79, and 97.66. Resistance 105.80, 106.49 and 106.66.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) remains neutral. JNK/LQD remains below its 200-day SMA but above its 50-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 long term but has gained strength since 12/30/11 as it became clear that the world’s monetary authorities are inflating fiat currencies. TIP/IEF has remained bullishly above both its 50-day and 200-day SMAs since 2/15/12. 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) fell below the lows of the previous 3 months intraday on 2/29/12 before reversing to close above the closing prices of the previous 3 trading days. UUP remains neutral below its 50-day SMA but above its 200-day SMA since 2/6/12. The 50-day SMA has remained above the 200-day SMA every day since 10/26/11. Support 21.74, 21.58, 21.07, and 20.84. Resistance 22.30, 22.41, 22.46, 22.85, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) remains neutral but appears to be picking up some strength in recent days. DBA has remained above its 50-day SMA but below its 200-day SMA since 2/14/12, 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 9 months on 2/24/12, which was a clear sign of major trend strength. USO rose above its 50-day SMA and rose above a 6-week downtrend line on 2/13/12, has remained above its 200-day SMA since 12/20/11, and the 50-day SMA has remained above the 200-day SMA every day since 1/3/12. Support 40.35, 39.96, 38.51, 36.67, 35.73, 34.54, 32.52, 29.10, 26.28, and 22.74. Resistance 42.30 and 45.60.
Gold, SPDR Gold Shares ETF (GLD) fell below the lows of the previous 5 weeks on 2/29/12 but remains in bullish position above its 50-day and 200-day SMAs. Longer term, the 50-day SMA has remained bullishly above the 200-day SMA every day since 2/11/09. Support: 166.17, 160.29, 159.68, 158.01, 156.19, 154.55, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 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. The 50-day SMA has remained bearishly below the 200-day SMA every day since 2/22/11.
Silver, iShares Silver Trust ETF (SLV) fell below the lows of the previous 6 trading days on 2/29/12. SLV remains above its 50-day SMA but below its 200-day SMA. The 50-day SMA remains below the 200-day SMA. Support 32.90, 31.82, 30.67, 28.63, 27.83, 25.65, and 24.44. Resistance: 36.44, 40.23, 41.49, 42.30, 42.78, 44.71 and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) rose above its highs of the previous 5 months on 2/28/12 but remains below its falling 200-day SMA. Longer term, 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) has turned choppy since peaking at 51.41 on 2/9/12. JJC is above its 50-day and 200-day SMAs, but the 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
0.51% , PBJ , Food & Beverage, PBJ
1.13% , KCE , Capital Markets KWB ST, KCE
7.23% , GPS , GAP
1.03% , RPV , Value S&P 500, RPV
1.10% , PMR , Retail, PMR
13.50% , LIZ , LIZ CLAIRBORNE
1.18% , IXC , Energy Global, IXC
0.18% , PZI , Micro Cap Zachs, PZI
0.60% , IGM , Technology GS, IGM
1.52% , IYG , Financial Services DJ, IYG
4.94% , VLO , VALERO ENERGY
0.53% , IYC , Consumer Cyclical DJ, IYC
5.20% , GS , GOLDMAN SACHS
0.37% , JKI , Value MidCap iS M, JKI
2.17% , EIX , EDISON INTL
1.32% , PXJ , Oil & Gas, PXJ
0.94% , EFV , Value EAFE MSCI, EFV
0.66% , DGT , Global Titans, DGT
0.34% , IXN , Technology Global, IXN
3.45% , JNY , JONES APPAREL
0.47% , IYJ , Industrial LargeCap Blend DJ US, IYJ
0.65% , EWD , Sweden Index, EWD
1.65% , MVV , Ultra MidCap400 Double, MVV
2.73% , KR , KROGER
1.83% , DBO , Oil Fund PowerShares, DBO
3.51% , MS , MORGAN STANLEY
0.35% , IYK , Consumer Non-Cyclical, IYK
1.58% , FRN , Frontier Markets Guggenheim , FRN
0.72% , VXF , Extended Mkt VIPERs, VXF
3.01% , MPEL , Melco Crown Entertainment, MPEL
0.50% , XLG , LargeCap Rydex Rus Top 50, XLG
2.39% , JCI , JOHNSON CONTROLS
3.38% , LNC , LINCOLN NATL
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-5.06% , BC , BRUNSWICK
-0.84% , TLH , Bond 10-20 Year US Treas, TLH
-3.62% , MBI , MBIA
-1.91% , PSTL , Steel Global PS ETF, PSTL
-1.30% , DISH , EchoStar Communications
-4.13% , RIMM , RESEARCH IN MOTION LTD
-1.93% , AVY , AVERY DENNISON
-0.42% , PSI , Semiconductors, PSI
-1.91% , DLX , DELUXE
-1.74% , MZZ , Short 200% MidCap 400 PS, MZZ
-1.54% , PDCO , Patterson Dental Company
-0.52% , PETM , PETsMART Inc
-0.87% , CTL , CENTURYTEL
-0.25% , XSD , Semiconductor SPDR, XSD
-1.15% , LEG , LEGGETT & PLATT
-1.20% , NCR , NCR
-0.94% , VMC , VULCAN MATERIALS
-1.18% , WAG , WALGREEN
-1.17% , AIV , APT INV MNGMT
-0.78% , PSQ , Short 100% QQQ, PSQ
-1.40% , ERIC.O , LM Ericsson Telephone Company
-0.49% , IEF , Bond, 10 Year Treasury, IEF
-0.93% , SYK , STRYKER
-3.12% , HMA , HEALTH MGMT STK A
-0.92% , LH , LAB CRP OF AMER
-0.35% , MUB , Bond Muni ATM-Free S&P iS, MUB
-1.16% , DDS , DILLARD STK A
-1.00% , MRK , MERCK & CO
-0.44% , WMT , WAL MART STORES
-0.58% , LQD , Bond, Corp, LQD
-0.31% , HSP , HOSPIRA
-0.37% , GIS , GENERAL MILLS
-1.11% , LUV , SOUTHWEST AIRLS
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
3.29% Italy Index, EWI
2.65% Silver Trust iS, SLV
2.35% South Africa Index, EZA
2.03% Oil, Crude, U.S. Oil Fund, USO
1.83% Oil Fund PowerShares, DBO
1.79% Brazil Index, EWZ
1.77% Latin Am 40, ILF
1.71% EMU Europe Index, EZU
1.67% Mexico Index, EWW
1.62% Taiwan Index, EWT
1.58% Frontier Markets Guggenheim , FRN
1.57% Commodity Tracking, DBC
1.52% Financial Services DJ, IYG
1.43% United Kingdom Index, EWU
1.41% Gold Shares S.T., GLD
1.38% Austria Index, EWO
1.36% Europe 350 S&P Index, IEV
1.34% Transportation Av DJ, IYT
1.32% European VIPERs, VGK
1.27% France Index, EWQ
1.26% Emerging 50 BLDRS, ADRE
1.22% Metals & Mining SPDR, XME
1.20% Turkey MSCI iS, TUR
1.20% Thailand MSCI iS, THD
1.18% Russia MV, RSX
1.18% Energy Global, IXC
1.18% Germany Index, EWG
1.17% Energy & Nat Res iS GS, IGE
1.15% Global ex US ACWI iS, ACWX
1.14% Financial DJ US, IYF
1.13% EAFE Index, EFA
1.13% Capital Markets KWB ST, KCE
1.12% Netherlands Index, EWN
1.11% Materials SPDR, XLB
1.10% Growth EAFE MSCI, EFG
1.10% Dividend International, PID
1.08% Financial SPDR, XLF
1.06% Energy VIPERs, VDE
1.03% Canada Index, EWC
1.03% Emerging VIPERs, VWO
1.01% Biotech SPDR, XBI
0.99% Spain Index, EWP
0.97% Financials VIPERs, VFH
0.97% Value 1000 Russell, IWD
0.96% Energy SPDR, XLE
0.95% Energy DJ, IYE
0.95% Emerging Markets, EEM
0.95% MidCap S&P 400 SPDRs, MDY
0.94% Value EAFE MSCI, EFV
0.89% LargeCap VIPERs, VV
0.88% MidCap S&P 400 iS, IJH
0.86% Growth MidCap Russell, IWP
0.86% Growth MidCap 400 B, IJK
0.86% Basic Materials DJ US, IYM
0.85% Singapore Index, EWS
0.85% Growth SmallCap VIPERs, VBK
0.84% Value S&P 500 B, IVE
0.83% Consumer Discretionary SPDR, XLY
0.82% Agriculture DB PS, DBA
0.80% Global 100, IOO
0.79% QQQ Nasdaq 100 Trust, QQQ
0.79% Pacific ex-Japan, EPP
0.79% Value MidCap S&P 400 B, IJJ
0.77% MidCap Russell, IWR
0.77% Blend Total Market VIPERs, VTI
0.76% Growth VIPERs, VUG
0.74% South Korea Index, EWY
0.74% Switzerland Index, EWL
0.72% Growth BARRA Small Cap 600, IJT
0.72% Growth SmallCap R 2000, IWO
0.71% India PS, PIN
0.71% Chile MSCI iS, ECH
0.70% LargeCap 1000 R, IWB
0.69% Info Tech VIPERs, VGT
0.69% Technology DJ US, IYW
0.69% India Earnings WTree, EPI
0.68% Malaysia Index, EWM
0.68% Value MidCap Russell, IWS
0.67% Value LargeCap Dynamic PS, PWV
0.66% Small Cap VIPERs, VB
0.65% Small Cap EAFE MSCI iS, SCZ
0.65% LargeCap Blend Russell 3000, IWV
0.65% S&P 500 iS LargeCap Blend, IVV
0.65% Sweden Index, EWD
0.64% Realty Cohen & Steers, ICF
0.63% SmallCap S&P 600, IJR
0.63% Australia Index, EWA
0.62% REIT Wilshire, RWR
0.61% LargeCap Blend S&P 100, OEF
0.61% LargeCap Blend S&P=Weight R, RSP
0.61% REIT VIPERs, VNQ
0.60% Technology SPDR, XLK
0.60% Value VIPERs, VTV
0.59% Growth 1000 Russell, IWF
0.59% Belgium Index, EWK
0.55% Japan Index, EWJ
0.55% Pacific VIPERs, VPL
0.55% Growth S&P 500/BARRA, IVW
0.53% Real Estate US DJ, IYR
0.53% China LargeCap Growth G D H USX PS, PGJ
0.53% Health Care SPDR, XLV
0.52% SmallCap Russell 2000, IWM
0.52% S&P 500 SPDRs LargeCap Blend, SPY
0.50% Value SmallCap S&P 600 B, IJS
0.47% Value SmallCap VIPERS, VBR
0.39% Value SmallCap Russell 2000, IWN
0.37% Water Resources, PHO
0.35% Industrial SPDR, XLI
0.34% Microcap Russell, IWC
0.30% Hong Kong Index, EWH
0.26% Utilities SPDR, XLU
0.25% Utilities VIPERs, VPU
0.23% Networking, IGN
0.22% DIAMONDS (DJIA), DIA
0.21% Dividend SPDR, SDY
0.21% Dividend Appreciation Vipers, VIG
0.20% Indonesia MV, IDX
0.18% Dividend DJ Select, DVY
0.11% Dividend High Yield Equity PS, PEY
0.09% Telecom DJ US, IYZ
0.09% China 25 iS, FXI
0.07% Semiconductor iS IGW, SOXX
0.06% Financial Preferred, PGF
-0.02% Bond Treasury Short-Term iS, SHV
-0.05% Bond Ex-US Treas, BWX
-0.06% Bond, 1-3 Year Treasury, SHY
-0.15% Consumer Staples SPDR, XLP
-0.16% Bond EmrgMkt JPM iS, EMB
-0.24% Bond, TIPS, TIP
-0.25% Semiconductor SPDR, XSD
-0.27% Homebuilders SPDR, XHB
-0.28% Preferred Stock iS, PFF
-0.35% Bond Muni ATM-Free S&P iS, MUB
-0.41% Bond, High-Yield Corporate, HYG
-0.45% Bond, Aggregate, AGG
-0.49% Bond, 10 Year Treasury, IEF
-0.52% Bond, High-Yield Junk, JNK
-0.58% Bond, Corp, LQD
-0.73% Bear, Short S&P 500, SH
-1.04% WilderHill Clean Energy PS, PBW
-1.17% Bond, 20+ Years Treasury, TLT