Stocks Confirm the Possibility of More Severe Downside Risk

Major stock price indexes closed below previous 3-week closing price lows: 1,335.10 for the S&P 500 and 12,584.20 for the Dow-Jones Industrials. This confirms the possibility of more severe downside risk. The short-term downtrend that started on 5/2/11 has resumed.

S&P 500 Composite (SPX, 1,329.47) fell 8.30 points or 0.62% on Monday. SPX, as well as other major indexes, now show patterns of lower highs and lower lows over recent weeks. “Lower highs and lower lows” is the classic definition of a downtrend. This is a bearish signal, for the short term at least.

The Largest Cap S&P 100 absolute price fell below 3-week lows and closed below its 20-day and 50-day SMAs. The S&P 100 /S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows, again reconfirming its preexisting bearish major trend.

NYSE Composite Stock Price Index fell further below 3-week lows and closed below its 20-day and 50-day SMAs.

Financial SPDR stock sector (XLF) absolute price fell below 5-month lows.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below 12-week lows, again reconfirming a downtrend.

Silver/Gold Ratio broke down below the lows of the previous 12 weeks, reconfirming the remarkable downtrend since the peak on 4/28/11.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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
1.72% , PSQ , Short 100% QQQ, PSQ
3.14% , SNDK , SanDisk Corporation
0.58% , TBH , Telebras HOLDRS, TBH
3.04% , WOR , WORTHINGTON INDS
4.59% , FE , FIRSTENERGY
0.66% , MO , ALTRIA, MO
1.80% , MZZ , Short 200% MidCap 400 PS, MZZ
3.02% , DYN , DYNEGY
0.13% , GVI , Bond Interm U.S. Gov, GVI
2.18% , COF , CAPITAL ONE FNCL
0.24% , PPH , Pharmaceutical H, PPH
0.96% , EZA , South Africa Index, EZA
0.74% , AEE , AMEREN
1.01% , BMS , BEMIS
1.43% , AGN , ALLERGAN
0.95% , LLL , L-3 COMMS HLDGS
0.94% , LMT , LOCKHEED MARTIN
0.73% , STI , SUNTRUST BANKS
1.00% , WY , WEYERHAEUSER
1.10% , SYY , SYSCO
0.98% , INTC , INTEL
1.44% , MU.O , MICRON TECH
0.41% , EWK , Belgium Index, EWK
0.59% , MRK , MERCK & CO
0.61% , WMT , WAL MART STORES
0.64% , MKC , MCCORMICK
0.64% , FRX , FOREST LABS STK A
0.31% , DISH , EchoStar Communications
0.46% , FDO , FAMILY DLR STRS
0.58% , LUV , SOUTHWEST AIRLS
1.87% , CLF , CLIFFS NATURAL RESOURCES, CLF
1.04% , FLR , FLUOR
0.23% , PH , PARKER HANNIFIN

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-0.64% , IYY , LargeCap Blend Total Market DJ, IYY
-2.75% , IIH , Internet Infrastructure H, IIH
-1.82% , SWH , Software H, SWH
-0.75% , PBJ , Food & Beverage, PBJ
-4.17% , BHH , Internet B2B H, BHH
-6.00% , ININ , Interactive Intelligence ININ
-3.20% , JCP , JC PENNEY
-1.41% , SOXX , Semiconductor iS IGW, SOXX
-0.99% , BDH , Broadband H, BDH
-4.96% , AMZN , Amazoncom Inc
-1.20% , KCE , Capital Markets KWB ST, KCE
-3.57% , LOW , LOWES
-2.29% , IGV , Software, IGV
-0.30% , IWW , Value LargeCap Russell 3000, IWW
-1.99% , IWC , Microcap Russell, IWC
-2.66% , BC , BRUNSWICK
-3.78% , HGSI , Human Genome Sciences Inc
-3.56% , CTSH , Cognizant Technology Solutions
-3.92% , WYNN , Wynn Resorts L
-1.36% , IXN , Technology Global, IXN
-1.66% , IYW , Technology DJ US, IYW
-1.65% , JKK , Growth SmallCap iS M, JKK
-3.37% , ISIL , INTERSIL CORP
-1.43% , PXJ , Oil & Gas, PXJ
-2.00% , IGN , Networking, IGN
-2.26% , HOLX , Hologic, Inc., HOLX
-1.12% , JKH , MidCap Growth iS M, JKH
-0.84% , JKL , Value SmallCap iS M, JKL
-1.32% , IYC , Consumer Cyclical DJ, IYC
-1.97% , PAYX , PAYCHEX
-3.56% , CIEN.O , CIENA
-1.27% , IJS , Value SmallCap S&P 600 B, IJS
-0.69% , RFV , Value MidCap S&P 400, RFV

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

Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) remains neutral but appears to be heading toward a possible bullish signal in weeks ahead, based on moving average relationships, with the 50-day SMA of the RS Ratio rising toward the 200-day SMA. Absolute price closed above 3-year highs on 5/12/11 and remains bullish. Support 32.57, 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 36.67 and 37.89.

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) has been rising since 2/16/11 but remains neutral, based on moving average relationships, with the rising 50-day SMA of the RS Ratio still below the falling 200-day SMA. Absolute price remains bullish. Support 29.64, 28.71, 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.

Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) has been consolidating previous gains since 11/26/10 and has added a moderate upward bias in recent weeks. Absolute price rose above 3-year highs on 4/28/11, which is bullish. Support 38.90, 38.46, 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 41.02.

Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) has been consolidating gains since 4/4/11 and remains neutral. Absolute price rose above previous 2-year highs on 4/29/11. Support 37.39, 36.24, 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 39.0 and 39.97

Energy (XLE) Neutral, Market Weight. The Relative Strength Ratio (XLE/SPY) fell below 3-month lows on 5/12/11. The Ratio has fallen steeply since 4/29/11 but remains neutral based on moving average relationships. Absolute price has been falling steeply since 5/2/11 but remains neutral based on moving average relationships. Support 72.78, 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 80.97, 83.27, and 91.42.

Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) has been rising since 2/18/11 but remains neutral, based on moving average relationships, with the 50-day SMA of the RS Ratio below the 200-day SMA. Absolute price rose further above 2-year highs on 5/12/11 and remains bullish. Support 31.35, 31.20, 30.74, 30.53, 29.66, 27.91, 27.44, and 25.76. Resistance 34.89 and 36.24.

Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below 13-month lows on 4/5/11. The Ratio gave a clear bearish signal on 3/22/11 when the 50-day SMA of the RS Ratio crossed below the 200-day SMA. Absolute price of XLK peaked on 2/18/11 and remains neutral. Support 25.20, 24.87, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 27.09, 27.43, 27.63, and 28.60.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) ) fell further below 7-week lows on 5/13/11 and appears to be heading toward a possible bearish signal in weeks ahead, based on moving average relationships, with the 50-day SMA of the RS Ratio sliding toward the 200-day SMA. The RS Ratio remains neutral even though it has been falling since 4/5/11. Absolute price has declining since 4/6/11. Support 36.44, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 41.28, 43.04, 45.21, 45.21, and 46.54.

Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 2-year lows on 5/13/11 and remains bearish. Absolute price fell below 5-month lows on 5/16/11 but remains neutral based on moving average relationships. Support 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 16.75, 16.85, 17.20, and 17.87.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below 7-week lows on 5/13/11 and remains bearish. The Ratio gave a bearish signal on 5/3/11 by crossing below its 50-day SMA. The Ratio remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 5-week lows on 5/13/11. The Ratio gave a bearish signal on 5/11/11 by crossing below its 50-day SMA. The Ratio remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.

NASDAQ Composite/S&P 500 Relative Strength Ratio appears to have entered a downside correction since peaking on 1/18/11 and remains neutral. Absolute price appears to have entered a downside correction since peaking on 4/28/11.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell further below 28-year lows on 5/16/11, again reconfirming its preexisting bearish major trend.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) has in a downside correction since 4/5/11 and remains neutral. The Ratio rose above all-time highs on 4/5/11.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) has been correcting and consolidating major gains since 4/5/11 and remains neutral. The Ratio rose above all-time highs on 4/5/11.

Crude Oil nearest futures contract price fell below the lows of the previous 10 weeks on 5/6/11 and remains in a price downtrend. Support 94.63, 87.09, 83.85, 83.55, 80.28, 80.06, 79.84, 79.25, 78.86, 73.52, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 114.83, 120.42, 130.0, and 147.27.

Gold nearest futures contract price fell below the lows of the previous 3 weeks on 5/5/11 and remains in a price downtrend. On 5/2/11, I wrote, ” Gold rose above all-time highs on 5/2/11, again reconfirming its major uptrend. Gold looks overextended, however, and could be due for a downside correction.” Support: 1462.5, 1445.0, 1411.5, 1380.7, 1419.5, 1351.4, 1309.1, 1307.7, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1577.4.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) fell further below 15-month lows on 5/13/11, again reconfirming its bearish trend. The Ratio crossed below the 50-day SMA on 4/15/11, remains below the 200-day SMA, and the 50-day SMA remains below the 200-day SMA.

Silver nearest futures contract price fell below 11-week lows on 5/12/11 and remains in a price downtrend. Support 32.3, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 39.47, 49.845 and 50.35.

Silver/Gold Ratio broke down below the lows of the previous 12 weeks on 5/16/11, reconfirming the remarkable downtrend since the peak on 4/28/11.

Copper nearest futures contract price fell below 6-month lows on 5/12/11, confirming at least an intermediate-term correction, if not a bear market. Weakness in Copper suggests doubts about the economic outlook. Support 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.533, 4.554, 4.6495, and 4.6575.

U.S. Treasury Bond nearest futures contract price rose above the highs of the previous 7 weeks on 5/13/11 weeks, confirming an uptrend. In addition, the Bond may have been building a 5-month, intermediate-term bullish base since the low of 12/15/10. In its favor, nearly everyone has been talking bearish on Bonds this year, so the Bond is rising up off an oversold condition. Support 120.20, 119.15, 117.28, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 125.06, 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) has been stuck in a neutral trading range most of the time since JNK price peaked at 41.32 on 11/4/10.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below 12-week lows on 5/16/11, again reconfirming a downtrend. TIP/IEF entered a downside correction phase after rising above 2-year highs on 4/8/11. The Ratio had been in a rising trend from 8/24/10 to 4/8/11, reflecting fixed-income investors’ preference for inflation-protected TIPs over the unprotected 7-10 Year U.S. Treasury Note ETF (IEF).

The U.S. dollar nearest futures contract price rose above the highs of the previous 4 weeks on 5/13/11, again reconfirming a long-overdue oversold bounce. Support 72.86 and 70.80. Resistance 76.87, 77.675, 78.98, 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 57.3% Bulls versus 15.7% Bears as of 4/6/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear Ratio soared to 3.65, up from 2.23 the previous week. The Ratio rose its highest level in the 8 years since the 20-year high of 3.74 set on 6/18/03. Following that 2003 peak, the stock market turned sideways/choppy for 2 months and sentiment reverted toward the mean. The Ratio’s 20-year range is 0.41 to 3.74, the median is 1.56, and the mean is 1.63. According to Humphrey B. Neill, The Art of Contrary Thinking, when everybody thinks alike, everyone is likely to be wrong.

VIX Fear Index fell below its 3-year range on 4/20/11, hitting 14.30 intraday, and again confirming a preexisting trend toward bullish complacency. This follows a brief spike up to an intraday peak of 31.28 on 3/16/11. Fear was short-lived. 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 4/28/11, 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.

Based on the daily SPX, momentum indicators have turned down and remained bearish. Momentum indicators gave bearish divergence warnings in April; that is, they never made it back to their February peaks when the price indexes rose to higher highs. These bearish divergence warnings are still in effect.

I previously pointed out that the major stock price indexes showed signs of exhaustion and reversal. Sentiment indicators have been suggesting for several weeks that the stock market may be over loved and overbought. And in view of last week’s dramatic collapse of commodity prices, the so-called “inflation trade” (where speculators buy stocks and sell fixed-income instruments based on expectations of rising price levels) appears to be unwinding. In addition, the U.S. stock market has entered its worst performing season, May through October.

S&P 500 Composite (SPX, 1,329.47) fell 8.30 points or 0.62% on Monday. SPX, as well as other major indexes, now show patterns of lower highs and lower lows over recent weeks. “Lower highs and lower lows” is the classic definition of a downtrend. This is a bearish signal, for the short term at least.

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
1370.50, high of 5/2/11

S&P 500 Cash Index Potential Support
1329.17, low of 5/5/11
1294.70, low of 4/18/11
1249.05, low of 3/16/11
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

1.34% Turkey MSCI iS, TUR
1.15% Sweden Index, EWD
0.96% South Africa Index, EZA
0.56% Bond, 20+ Years Treasury, TLT
0.55% Switzerland Index, EWL
0.41% Belgium Index, EWK
0.38% Bond Ex-US Treas, BWX
0.30% Realty Cohen & Steers, ICF
0.29% Bond, Corp, LQD
0.27% REIT Wilshire, RWR
0.24% Bond, 10 Year Treasury, IEF
0.23% Real Estate US DJ, IYR
0.22% Bond, Aggregate, AGG
0.20% Bond, High-Yield Corporate, HYG
0.17% Health Care SPDR, XLV
0.15% REIT VIPERs, VNQ
0.15% Bond, High-Yield Junk, JNK
0.13% Austria Index, EWO
0.12% Utilities SPDR, XLU
0.10% Financial Preferred, PGF
0.10% Mexico Index, EWW
0.07% Spain Index, EWP
0.05% Bond, 1-3 Year Treasury, SHY
0.03% Consumer Staples SPDR, XLP
0.03% Bond, TIPS, TIP
0.01% Bond EmrgMkt JPM iS, EMB
-0.02% Emerging VIPERs, VWO
-0.03% EMU Europe Index, EZU
-0.03% Brazil Index, EWZ
-0.03% Canada Index, EWC
-0.04% European VIPERs, VGK
-0.04% Australia Index, EWA
-0.05% Bond Treasury Short-Term iS, SHV
-0.05% Europe 350 S&P Index, IEV
-0.05% Growth EAFE MSCI, EFG
-0.05% Value LargeCap Dynamic PS, PWV
-0.07% Bond Muni ATM-Free S&P iS, MUB
-0.07% Utilities VIPERs, VPU
-0.09% Financial DJ US, IYF
-0.10% Pacific ex-Japan, EPP
-0.11% Global 100, IOO
-0.12% Financials VIPERs, VFH
-0.13% Financial SPDR, XLF
-0.14% Preferred Stock iS, PFF
-0.15% Emerging Markets, EEM
-0.16% Latin Am 40, ILF
-0.18% Gold Shares S.T., GLD
-0.18% EAFE Index, EFA
-0.19% Germany Index, EWG
-0.23% China 25 iS, FXI
-0.24% Dividend DJ Select, DVY
-0.25% Dividend SPDR, SDY
-0.27% Italy Index, EWI
-0.27% Small Cap EAFE MSCI iS, SCZ
-0.30% Dividend Appreciation Vipers, VIG
-0.31% Transportation Av DJ, IYT
-0.31% Global ex US ACWI iS, ACWX
-0.31% Agriculture DB PS, DBA
-0.34% Financial Services DJ, IYG
-0.35% Value VIPERs, VTV
-0.35% Dividend High Yield Equity PS, PEY
-0.35% Value MidCap Russell, IWS
-0.35% Emerging 50 BLDRS, ADRE
-0.35% Russia MV, RSX
-0.36% Value EAFE MSCI, EFV
-0.36% Materials SPDR, XLB
-0.37% Hong Kong Index, EWH
-0.37% Industrial SPDR, XLI
-0.38% Value S&P 500 B, IVE
-0.38% Thailand MSCI iS, THD
-0.39% United Kingdom Index, EWU
-0.39% South Korea Index, EWY
-0.39% DIAMONDS (DJIA), DIA
-0.42% Value 1000 Russell, IWD
-0.42% Indonesia MV, IDX
-0.44% France Index, EWQ
-0.49% Dividend International, PID
-0.50% Basic Materials DJ US, IYM
-0.51% India Earnings WTree, EPI
-0.54% Pacific VIPERs, VPL
-0.57% Metals & Mining SPDR, XME
-0.57% India PS, PIN
-0.58% LargeCap Blend S&P=Weight R, RSP
-0.59% Japan Index, EWJ
-0.61% Energy & Nat Res iS GS, IGE
-0.61% Malaysia Index, EWM
-0.63% LargeCap VIPERs, VV
-0.63% S&P 500 SPDRs LargeCap Blend, SPY
-0.64% S&P 500 iS LargeCap Blend, IVV
-0.64% LargeCap 1000 R, IWB
-0.65% LargeCap Blend S&P 100, OEF
-0.66% Water Resources, PHO
-0.66% Frontier Markets Guggenheim , FRN
-0.68% MidCap Russell, IWR
-0.69% Value MidCap S&P 400 B, IJJ
-0.69% Blend Total Market VIPERs, VTI
-0.70% LargeCap Blend Russell 3000, IWV
-0.75% Netherlands Index, EWN
-0.76% Energy SPDR, XLE
-0.77% Taiwan Index, EWT
-0.81% Growth S&P 500/BARRA, IVW
-0.86% Growth 1000 Russell, IWF
-0.88% Telecom DJ US, IYZ
-0.90% Energy VIPERs, VDE
-0.90% Energy DJ, IYE
-0.91% MidCap S&P 400 iS, IJH
-0.91% MidCap S&P 400 SPDRs, MDY
-0.92% Growth VIPERs, VUG
-0.93% Value SmallCap VIPERS, VBR
-0.94% Growth MidCap Russell, IWP
-1.02% Energy Global, IXC
-1.08% Homebuilders SPDR, XHB
-1.13% Value SmallCap Russell 2000, IWN
-1.14% Singapore Index, EWS
-1.18% Chile MSCI iS, ECH
-1.20% Capital Markets KWB ST, KCE
-1.21% China LargeCap Growth G D H USX PS, PGJ
-1.22% Growth MidCap 400 B, IJK
-1.27% Value SmallCap S&P 600 B, IJS
-1.31% Commodity Tracking, DBC
-1.32% Small Cap VIPERs, VB
-1.33% Growth BARRA Small Cap 600, IJT
-1.33% Consumer Discretionary SPDR, XLY
-1.36% SmallCap S&P 600, IJR
-1.38% Biotech SPDR, XBI
-1.41% Semiconductor iS IGW, SOXX
-1.44% Technology SPDR, XLK
-1.46% SmallCap Russell 2000, IWM
-1.48% Silver Miners Global X, SIL
-1.61% Info Tech VIPERs, VGT
-1.66% Technology DJ US, IYW
-1.73% QQQ Nasdaq 100 Trust, QQQ
-1.74% Growth SmallCap VIPERs, VBK
-1.84% Growth SmallCap R 2000, IWO
-1.87% WilderHill Clean Energy PS, PBW
-1.99% Microcap Russell, IWC
-2.00% Networking, IGN
-2.07% Semiconductor SPDR, XSD
-2.36% Oil, Crude, U.S. Oil Fund, USO
-2.51% Oil Fund PowerShares, DBO
-4.48% Silver Trust iS, SLV