NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) fell below its lows of the previous 19 months on 4/8/13. QQQ/SPY has remained systematically bearish most of the time since 11/7/12, when the 50-day SMA fell below the 200-day SMA.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 4/8/13, again confirming a major downtrend. EEM/SPY turned systematically bearish on 3/20/13 when the 50-day SMA fell below the 200-day SMA.
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Thanks to an afternoon rally, the S&P 500 Composite Index (SPX: 1,563.07) finished Monday higher by 0.63%, the Nasdaq Composite Index rose 0.57%, the Dow Jones Industrial Average advanced by 0.33%, and the Dow Jones Transportation Average bounced 0.90% higher.
Breadth was moderately bullish, with 2720 Advances and 1269 Declines. Advancing/Declining Volume was positive, with 2.4 Advancing Stock Volume to 0.8 Declining Stock Volume. Nevertheless, Cumulative NYSE Advancing-Declining Stock Volume topped out on 3/14/13 and has established a short-term downtrend, with a lower high and lower low. Total NYSE volume fell 10% on Monday.
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The diverging price action among the major sectors, with the defensive sectors relatively strong while the cyclical sectors underperform, already suggests a more cautious investor attitude toward the economic outlook.
Daily price momentum oscillators have been diverging bearishly for many weeks and months while price indexes rose to higher highs. Momentum oscillators have remained below their highs of January, 2013, and below their 2011-2012 highs. For example, RSI(14) based on the S&P 500 Index, now at 56.89, peaked at 74.46 on 1/29/13. MACD(12,26,9), now at 8.85, peaked at 17.88 on 1/29/13. Bearishly diverging momentum is a problem because momentum is a leading indicator of price.
The Art of Contrary Thinking has been calling for questioning overwhelming bullish sentiment. Objective investor sentiment data clearly have demonstrated extremely high degrees of optimism and bullish complacency, matching or exceeding extremes at past market price tops. The pendulum of emotion tends to swing too far in one direction, but the market mood always reverts to the mean–eventually. Sentiment extremes are a leading indicator of price.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) turned systematically bullish on 1/24/13, when it rose above its 50-day SMA. XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically bullish on 1/2/13, when it rose above its 50-day SMA. Support: 44.22, 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: none.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) rose above its 50-day SMA on 2/27/13, thereby turning systematically bullish again. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/16/11. Support: 51.46, 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: none.
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below its 50-day SMA on 3/27/13, thereby turning systematically neutral. Longer term, although the XLF/SPY has moderately outperformed since the bottom on 3/6/09, it has substantially underperformed over the past 9 years, since 3/23/04, and the secular trend may be bearish still. Absolute price turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 2/21/12. Support: 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 18.48, 18.51, 20.70, 24.50, and 28.17.
Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) has been systematically neutral most of the time over the past year, with XLP performing about in line with the SPY, while absolute price has stayed mostly bullish. Support: 38.20, 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.
Utilities (XLU) Neutral, Under Weight. The Relative Strength Ratio (XLU/SPY) remains systematically neutral, with the 50-day SMA still significantly below the 200-day SMA. Absolute price has been systematically bullish since 3/11/13, when the 50-day SMA crossed above the 200-day SMA. Support: 37.76, 37.69, 36.78, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 41.98, and 44.66.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) fell below its lows of the previous 4 months on 4/2/13. XLI/SPY turned systematically neutral (from bullish) on 3/20/13 when it crossed below the 50-day SMA. Absolute price is systematically bullish again: above the 200-day SMA, above the 200-day SMA, and with the 50-day SMA above the 200-day SMA. Support: 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: 42.16.
Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) has been lagging since 2/14/13 and remains systematically neutral. XLE/SPY fell below its lows of the previous 9 months on 4/3/13, fell below its 50-day SMA on 3/18/13, and fell below its 200-day SMA on 4/2/13. XLE. Absolute price is systematically neutral again: below the 50-day SMA, above the 200-day SMA, and with the 50-day SMA above the 200-day SMA. Support: 75.46, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 80.14, 80.97, 83.27, and 91.42.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) turned systematically bearish on 3/28/13, when the 50-day SMA crossed below the 200-day SMA. XLB absolute price turned systematically neutral again (from bullish) on 4/1/13 when it whipsawed back down below its 50-day SMA. Support: 37.35, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 40.04, 40.20, 40.72, 41.28, 43.04, 45.21, and 46.54.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below its lows of the previous 20 months on 4/5/13, again confirming its established systematically bearish major trend. XLK absolute price turned systematically neutral on 4/5/13 when it fell below its 50-day SMA. Support: 29.21, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 30.47, 30.51, 31.22, 31.74, 32.00, 34.85, 36.40, and 39.07.
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Stock Market Indicators
The Dow Theory last confirmed a Primary Tide Bull Market on 3/14/13, when both Dow-Jones Industrial and Transportation Averages closed at new price highs. The Dow-Jones Industrial Average closed at a higher highs from 3/26/13 to 4/2/13, while the Dow-Jones Transportation Average lagged and made a lower high and lower low–and that is a bearish divergence, at least for the short-term, “minor ripple” trend.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) fell below its lows of the previous 19 months on 4/8/13. QQQ/SPY has remained systematically bearish most of the time since 11/7/12, when the 50-day SMA fell below the 200-day SMA. Absolute price turned systematically neutral on 4/5/13 when it fell below the 50-day SMA.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 4/8/13, again confirming a major downtrend. BKF/SPY turned systematically bearish on 3/27/13, when the 50-day SMA crossed below the 200-day SMA. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. Price peaked at 42.29 on 2/1/13 and fell to another 4-month low on 4/5/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 4/8/13, again confirming a major downtrend. EEM/SPY turned systematically bearish on 3/20/13 when the 50-day SMA fell below the 200-day SMA. Price peaked at 45.34 on 1/2/13 and fell to a 4-month low on 4/4/13.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 5 months on 4/1/13, again confirming a medium-term downtrend. EFA/SPY remains systematically neutral but has been losing momentum since 12/28/12.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) fell below the lows of the previous 16 months on 3/28/13, again confirming a major downtrend. OEF/SPY has remained systematically bearish most of the time since 12/17/12, when the 50-day SMA crossed below 200-day SMA. Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks. On the other hand, Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) turned systematically neutral on 4/1/13 when it fell below the 50-day SMA.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) fell below the lows of the previous 2 months on 4/3/13, suggesting a short-term correction, at least. MDY/SPY turned systematically neutral on 4/1/13 when it fell below the 50-day SMA.
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price rose above its highs of the past 3 months on 4/5/13, thereby confirming a medium-term uptrend. Previously, price rose above its 50-day SMA on 3/22/13, thereby turning systematically neutral. Various technical oscillators, such as RSI and MACD, are now pointing upward after showing losses of downside momentum and bullish divergences since 2/1/13. Support 117.49, 114.62, 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 123.71, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) price rose above its highs of the past 3 months on 4/5/13, thereby confirming a medium-term uptrend. Previously, price rose above its 50-day SMA on 3/18/13, thereby turning systematically neutral. IEF formed a technical base after hitting an “oversold” low at 105.56 on 2/1/13 and successfully testing that low 3 times. Various technical oscillators, such as RSI and MACD, are now pointing upward after showing losses of downside momentum and bullish divergences since 2/1/13. Support 107.22, 106.56, 105.56, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) fell below its 50-day SMA on 4/3/13, thereby turning systematically neutral again. JNK/LQD has been neutral for most of the past 3 years, and neutral appears to be the long-term trend.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) whipsawed back down below its 50-day SMA on 3/18/13, thereby turning systematically neutral again. Longer term, TIP/IEF has been neutral for most of the past 3 years. Absolute price of TIP peaked at 123.44 on 12/6/12 and remains systematically neutral.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price rose above its highs of the past 7-months on 3/27/13 thereby confirming its medium-term uptrend. UUP turned systematically bullish (from neutral) on 4/3/13, when the 50-day SMA crossed above the 200-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.35, 22.15, 21.53, 21.07, and 20.84. Resistance 22.69, 22.78, 22.96, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the previous 2 years on 4/5/13, again confirming its major bearish trend. Price turned systematically bearish on 1/11/13 when the 50-day SMA crossed down below the 200-day SMA.
Crude Oil, United States Oil ETF (USO) price whipsawed back down below its 50-day SMA on 4/3/13, thereby turning systematically neutral again. Longer term, USO has been mostly bearish since peaking at 119.17 on 7/11/08. Support 32.87, 32.16, 31.00, 29.02, 26.28, and 22.74. Resistance 34.86, 35.53, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 10 months on 4/4/13, confirming its preexisting major bearish trend. Price turned systematically bearish on 2/22/13, when the 50-day SMA fell below the 200-day SMA. Longer term, GLD has been mostly bearish since peaking at 185.85 on 9/6/11. Support: 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) turned systematically bearish again on 12/27/12, when the 50-day SMA crossed below the 200-day SMA. Longer term, GDX/GLD has remained mostly bearish for more than 6 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price fell below its lows of the previous 9 months on 4/4/13, confirming its preexisting major bearish trend. Price turned systematically bearish on 3/1/13, when the 50-day SMA fell below the 200-day SMA. Longer term, SLV has been mostly bearish since peaking at 48.35 on 4/28/11. Support 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 27.35, 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) fell below its lows of the previous 7 months on 4/5/13, confirming a major downtrend. SLV/GLD is systematically bearish.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price fell below its lows of the previous 17 months on 4/4/13, confirming a major bearish trend. JJC is systematically bearish. JJC has been consolidating losses between 38.99 and 51.41 since 10/5/11. Longer term, JJC has been mostly bearish since peaking at 61.69 on 2/14/11. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, so price weakness in Copper implies a weak economic outlook.
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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 later revealed to be deal stocks 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
13.10% , AMD , ADV MICRO DEV
10.32% , MTG , MGIC INVESTMENT
7.09% , MBI , MBIA
1.33% , PXE , Energy Exploration & Prod, PXE
5.56% , DLX , DELUXE
15.51% , NIHD , NII Holdings, Inc.
0.62% , IWF , Growth 1000 Russell, IWF
4.69% , MNST , Monster Beverage, MNST
1.19% , PBW , WilderHill Clean Energy PS, PBW
1.13% , PXJ , Oil & Gas, PXJ
0.83% , VPU , Utilities VIPERs, VPU
1.95% , KO , COCA COLA
3.87% , VIAB.O , VIACOM STK B
0.72% , PHO , Water Resources, PHO
0.69% , VIS , Industrials VIPERs, VIS
1.80% , FLEX , Flextronics International Ltd
0.78% , FPX , IPOs, First Tr IPOX-100, FPX
2.24% , FAST , Fastenal Company
3.81% , AIG , AMER INTL GROUP
1.99% , BBBY , BED BATH BEYOND
1.02% , PGR , PROGRESSIVE OHIO
0.71% , IWO , Growth SmallCap R 2000, IWO
1.82% , AA , ALCOA
2.49% , KMX , CarMax
1.73% , AVP , AVON
1.66% , DOV , DOVER
0.84% , VBK , Growth SmallCap VIPERs, VBK
1.94% , DIS , WALT DISNEY
0.72% , IWW , Value LargeCap Russell 3000, IWW
1.36% , AMAT , APPLIED MATERIAL
0.99% , RWR , REIT Wilshire, RWR
0.33% , AM , AMER GREETINGS STK A
1.19% , SRE , SEMPRA ENERGY
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-3.51% , CECO , CAREER EDUCATION CORP
-1.13% , JNJ , JOHNSON&JOHNSON
-0.89% , OXY , OCCIDENTAL
-0.50% , EWS , Singapore Index, EWS
-0.71% , DOW , DOW CHEMICAL
-0.64% , SYY , SYSCO
-0.07% , EWP , Spain Index, EWP
-0.55% , BAX , BAXTER INTL
-0.64% , BSX , BOSTON SCIENT
-0.13% , EWM , Malaysia Index, EWM
-0.50% , KR , KROGER
-0.12% , GVI , Bond Interm U.S. Gov, GVI
-0.03% , PJP , Pharmaceuticals, PJP
-0.02% , CHD , Church & Dwight
-0.11% , MTB , M&T BANK
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.01% , Homebuilders SPDR, XHB
1.94% , Turkey MSCI iS, TUR
1.86% , South Africa Index, EZA
1.29% , Telecom DJ US, IYZ
1.22% , Semiconductor iS IGW, SOXX
1.19% , WilderHill Clean Energy PS, PBW
1.16% , Semiconductor SPDR, XSD
1.16% , Capital Markets KWB ST, KCE
1.14% , Consumer Discretionary SPDR, XLY
1.13% , Consumer Staples SPDR, XLP
1.10% , Chile MSCI iS, ECH
1.09% , Financial DJ US, IYF
1.00% , Japan Index, EWJ
1.00% , SmallCap Value S&P 600 iS, IJS
1.00% , Financial SPDR, XLF
0.99% , REIT Wilshire, RWR
0.97% , Realty Cohen & Steers, ICF
0.97% , SmallCap Value Russell 2000 iS, IWN
0.96% , Value MidCap Russell, IWS
0.95% , Financials VIPERs, VFH
0.93% , Transportation Av DJ, IYT
0.93% , Real Estate US DJ iS, IYR
0.92% , Frontier Markets Guggenheim , FRN
0.91% , MidCap Russell, IWR
0.91% , Value SmallCap VIPERS, VBR
0.90% , Networking, IGN
0.87% , China LargeCap Growth G D H USX PS, PGJ
0.87% , LargeCap Blend S&P=Weight R, RSP
0.87% , Small Cap VIPERs, VB
0.85% , Russia MV, RSX
0.85% , Financial Services DJ, IYG
0.84% , MidCap Value S&P 400 iS, IJJ
0.84% , Growth SmallCap VIPERs, VBK
0.83% , Australia Index, EWA
0.83% , Utilities VIPERs, VPU
0.83% , SmallCap Blend Russell 2000 iS, IWM
0.81% , SmallCap Blend S&P 600 iS, IJR
0.80% , REIT VIPERs, VNQ
0.79% , India PS, PIN
0.79% , SmallCap Growth S&P 600 iS, IJT
0.78% , MidCap Blend S&P 400 iS, IJH
0.77% , Growth MidCap Russell, IWP
0.77% , Growth VIPERs, VUG
0.77% , LargeCap Blend Russell 3000 iS, IWV
0.76% , MidCap S&P 400 SPDRs, MDY
0.76% , MidCap Growth S&P 400 iS, IJK
0.76% , Dividend High Yield Equity PS, PEY
0.76% , Utilities SPDR, XLU
0.73% , Energy DJ, IYE
0.72% , Water Resources, PHO
0.71% , SmallCap Growth Russell 2000 iS, IWO
0.70% , Dividend SPDR, SDY
0.68% , LargeCap Blend Russell 1000 iS, IWB
0.68% , S&P 500 SPDRs LargeCap Blend, SPY
0.67% , Energy SPDR, XLE
0.67% , SmallCap Blend EAFE MSCI iS, SCZ
0.66% , Dividend U.S. DJ iS, DVY
0.66% , LargeCap VIPERs, VV
0.66% , Energy VIPERs, VDE
0.66% , Pacific VIPERs, VPL
0.65% , Growth EAFE MSCI, EFG
0.64% , Belgium Index, EWK
0.63% , Dividend International, PID
0.63% , Oil, Crude, U.S. Oil Fund, USO
0.62% , LargeCap Growth Russell 1000 iS, IWF
0.62% , LargeCap Value Russell 1000 iS, IWD
0.62% , Oil Fund PowerShares, DBO
0.62% , LargeCap Blend S&P 500 iS, IVV
0.61% , LargeCap Growth S&P 500 iS, IVW
0.61% , Blend Total Market VIPERs, VTI
0.61% , Mexico Index, EWW
0.59% , Industrial SPDR, XLI
0.58% , Switzerland Index, EWL
0.57% , Pacific ex-Japan, EPP
0.57% , Value LargeCap Dynamic PS, PWV
0.57% , Dividend Appreciation Vipers, VIG
0.56% , Energy & Nat Res iS GS, IGE
0.56% , LargeCap Value S&P 500 iS, IVE
0.54% , Value VIPERs, VTV
0.53% , QQQ Nasdaq 100 Trust, QQQ
0.53% , LargeCap Blend S&P 100, OEF
0.51% , India Earnings WTree, EPI
0.47% , Microcap Russell, IWC
0.46% , Basic Materials DJ US, IYM
0.44% , DIAMONDS (DJIA), DIA
0.44% , Technology SPDR, XLK
0.43% , EMU Europe Index, EZU
0.42% , Global LargeCap Blend MSCI iS, ACWI
0.42% , Bond, Emerging Mkt JPM iS, EMB
0.41% , Technology DJ US, IYW
0.41% , Austria Index, EWO
0.39% , Foreign LargeCap EAFE MSCI iS, EFA
0.39% , Netherlands Index, EWN
0.34% , Info Tech VIPERs, VGT
0.33% , Global 100, IOO
0.31% , Materials SPDR, XLB
0.30% , Commodity Tracking, DBC
0.28% , Sweden Index, EWD
0.26% , Emerging VIPERs, VWO
0.22% , Biotech SPDR, XBI
0.22% , France Index, EWQ
0.21% , Dividend ex-U.S. DJ iS, IDV
0.21% , Germany Index, EWG
0.20% , European VIPERs, VGK
0.20% , Thailand MSCI iS, THD
0.18% , Energy Global, IXC
0.17% , Emerging Markets MSCI iS, EEM
0.16% , Value EAFE MSCI, EFV
0.14% , Global ex U.S. LargeCap Blend, ACWX
0.14% , Bond, Muni S&P ATM-Free iS, MUB
0.12% , Agriculture DB PS, DBA
0.12% , Latin Am 40, ILF
0.11% , Bond, High Yield Corp iBoxx iS, HYG
0.11% , Metals & Mining SPDR, XME
0.09% , Bond, Long-Term Corp iBoxx iS, LQD
0.09% , Health Care SPDR, XLV
0.08% , Europe 350 S&P Index, IEV
0.07% , Bond, High-Yield Junk, JNK
0.05% , Financial Preferred, PGF
0.01% , Bond Treasury Short-Term iS, SHV
0.00% , Canada Index, EWC
-0.02% , Bond, 1-3 Year Treasury, SHY
-0.03% , China 25 iS, FXI
-0.07% , Spain Index, EWP
-0.07% , Brazil Index, EWZ
-0.07% , Preferred Stock iS, PFF
-0.13% , Malaysia Index, EWM
-0.15% , Hong Kong Index, EWH
-0.17% , Bond, Intermediate US Aggregate iS, AGG
-0.22% , Indonesia MV, IDX
-0.24% , Emerging 50 BLDRS, ADRE
-0.27% , Silver Trust iS, SLV
-0.27% , United Kingdom Index, EWU
-0.32% , Bond, 10 Year Treasury, IEF
-0.34% , Italy Index, EWI
-0.37% , Bond Ex-US Treas, BWX
-0.43% , Gold Shares S.T., GLD
-0.44% , Bond, TIPS U.S. Treasury iS, TIP
-0.50% , Singapore Index, EWS
-0.52% , South Korea Index, EWY
-0.65% , Bear, Short S&P 500, SH
-0.77% , Bond, 20+ Years Treasury, TLT
-1.81% , Taiwan Index, EWT
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1573.66, high of 4/2/2013
The S&P 500 Composite Potential Support
1538.57, low of 3/19/2013
1532.48, 50-day SMA
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1463.76, low of 1/15/2013
1451.64, low on 1/8/13
1448.00, high of 12/19/2012
1442.08, 200-day SMA
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
1415.32, high of 5/1/2012
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.58, low of 12/28/12
1398.11, low of 12/31/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1391.04, low of 8/6/2012
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1343.35, low of 11/16/2012
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1306.62, low of 6/12/2012
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
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 11/3/2011
1231.04, high of 12/16/2011
1228.74, Fibonacci 61.8% of 2007-2009 range
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1074.77, low of 10/4/2011
1014.14, Fibonacci 38.2% of 2007-2009 range
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
