Technology stock sector Relative Strength Ratio (XLK/SPY) rose above 8-month highs on 9/23/10. Still, the ratio remains neutral, with the 50-day SMA slightly below the 200-day SMA.

Financial stock sector Relative Strength Ratio (XLF/SPY) fell to a new 13-month low on 9/23/10 and remains bearish. Absolute price of XLF fell below its 50-day SMA on 9/23/10, giving a fresh bearish signal.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose to another new 7-year high on 9/23/10, again confirming a secular (major) bullish trend.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) is technically bearish. The ratio fell below both the 50-day SMA and the 200-day SMA on 9/23/10, and the 50-day SMA remains modestly below the 200-day SMA.

Copper nearest futures contract price rose further above 5-month highs on 9/23/10, again confirming its preexisting intermediate-term uptrend. Strength in Copper suggests confidence about prospects for the world economy.

U.S. Treasury Bond nearest futures contract price rose above 3-week highs on 9/23/10. Bonds had been looking oversold for the short term, so an oversold bounce comes as no surprise.

Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) turned technically bearish again on 9/22/10. The Ratio has been heading lower (underperforming) most of the time since the peak on 1/8/10.

On Monday 9/20/10, the Dow Theory registered a non-confirmation, where the Dow-Jones Industrial Average rose to a new 4-month closing price high but the Dow-Jones Transportation Average closed below its 4-month closing price highs. A non-confirmation sometimes proves to be a warning to be alert for a possible minor trend reversal to the downside.

S&P 500 Composite (SPX, 1,124.83) fell 9.45 points or 0.83% on 9/23/10. Stock indexes were up slightly in midsession but fell in the final 2 hours. Volume fell 2% on the NYSE and 11% on the Nasdaq, suggesting modestly diminished buying and selling pressures. On-Balance Volume for the SPY fell below 3-week lows and remains technically bearish, below both 50 & 200-day SMAs, and with the 50-day SMA below the 200-day SMA. Pure price momentum indicators also fell again, suggesting fatigue for the short term. Some momentum indicators show bearish divergence for the short term. Longer term, absolute price of SPX remains neutral, above the 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA. With probes into new 4-month high territory early in the week, substantial upside price follow-through with volume confirmation was needed to validate a trend change to the upside–but we got the opposite instead over the past 3 trading days. The major stock indexes appear unready to trend directionally and may be in need of further consolidation in a trading range.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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
9.03% , RHT , Red Hat Inc.
4.31% , WPO , Washington Post
0.60% , IAH , Internet Architecture H, IAH
2.33% , ODP , OFFICE DEPOT
4.92% , CECO , CAREER EDUCATION CORP
3.61% , OMX , OFFICEMAX INC., OMX
1.60% , FHN , FIRST TENNESSEE
3.57% , SIRI , Sirius Satellite
0.31% , PSI , Semiconductors, PSI
3.21% , BBBY , BED BATH BEYOND
1.61% , HAR , Harman International
1.81% , ESRX , EXPRESS SCRIPTS
2.80% , MHS , MEDCO HEALTH
2.24% , AMD , ADV MICRO DEV
1.67% , SNV , SYNOVUS
0.61% , IGW , Semiconductor iS GS, IGW
1.13% , CIEN.O , CIENA
0.72% , DOG , Short 100% Dow 30, DOG
0.67% , APOL , APOLLO GROUP
0.81% , SH , Short 100% S&P 500, SH
1.09% , MOT , MOTOROLA
2.02% , NVDA , NVIDIA
0.31% , ABK , AMBAC FINL GRP
0.91% , SMH , Semiconductor H, SMH
1.30% , TXN , TEXAS INSTRUMENT
0.89% , HAL , HALLIBURTON
0.86% , FE , FIRSTENERGY
1.54% , ASH , ASHLAND
0.47% , NKE , NIKE STK B
1.33% , DXD , Short 200% Dow 30 PS, DXD
0.86% , BBY , BEST BUY
1.06% , SPLS , STAPLES
0.59% , PPL , PPL
0.30% , PTEN , Patterson-UTI Energy Inc
0.81% , QCOM , QUALCOMM
1.16% , KR , KROGER
0.06% , PMR , Retail, PMR
1.25% , AYE , ALLEGHENY ENERGY
0.47% , NVLS , NOVELLUS SYS
0.41% , AAPL , APPLE COMPUTER

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.63% , PIC , Insurance, PIC
-2.20% , PZJ , SmallCap PS Zacks, PZJ
-1.02% , EFG , Growth EAFE MSCI, EFG
-1.15% , JKG , MidCap Blend Core iS M, JKG
-2.24% , MCK , MCKESSON CORP
-1.09% , ADRD , Developed 100 BLDRS, ADRD
-2.05% , IYJ , Industrial LargeCap Blend DJ US, IYJ
-1.31% , IWV , LargeCap Blend Russell 3000, IWV
-1.41% , PXN , Nanotech Lux, PXN
-1.64% , KCE , Capital Markets KWB ST, KCE
-2.07% , Q , QWEST COMMUNICAT
-2.38% , DYN , DYNEGY
-2.70% , ICF , Realty Cohen & Steers, ICF
-3.99% , CAR , Avis Budget Group, Inc. (CAR)
-1.33% , IYY , LargeCap Blend Total Market DJ, IYY
-2.04% , VIA , VIACOM INC. (New)
-4.53% , WYNN , Wynn Resorts L
-0.96% , JKD , LargeCap Blend Core iS M, JKD
-6.61% , NOVL , NOVELL
-2.98% , WFC , WELLS FARGO
-5.41% , RYAAY , Ryanair Holdings plc
-2.59% , TROW , T ROWE PRICE GP
-0.94% , PEJ , Leisure & Entertainment, PEJ
-1.62% , EWG , Germany Index, EWG
-3.95% , AM , AMER GREETINGS STK A
-2.56% , DIS , WALT DISNEY
-3.11% , USB , US BANCORP
-1.91% , TIF , TIFFANY
-0.92% , IWZ , Growth LargeCap Russell 3000, IWZ
-0.81% , IYH , Healthcare DJ, IYH
-1.26% , JKJ , SmallCap Core iS M, JKJ
-2.54% , NE , NOBLE
-1.66% , IWW , Value LargeCap Russell 3000, IWW
-2.95% , EWD , Sweden Index, EWD
-0.53% , IIH , Internet Infrastructure H, IIH
-0.81% , ISI , LargeCap Blend S&P 1500 iS, ISI
-1.26% , IWB , LargeCap 1000 R, IWB
-2.67% , RWR , REIT Wilshire, RWR
-0.69% , IXJ , Healthcare Global, IXJ
-2.92% , AFL , AFLAC

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

Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose to another new 3-month high on 9/20/10 and remains bullish. The Ratio remains above both SMAs and the 50-day SMA remains above the 200-day SMA. Absolute price rose to a new 4-month high on 9/20/10 and is very close to turning bullish again, with the rising 50-day SMA now only slightly below the 200-day SMA. Support 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 34.39, 36.13, 38.25 and 39.09.

Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose further above rising 50-day and 200-day SMAs on 9/21/10 and remains bullish. Absolute price remains bullish, with the 50-day SMA above the 200-day SMA. Support 30.22, 29.77, 27.67, 26.79 and 26.66. Resistance 32.41, 33.46, 34.24, 34.50, and 35.00.

Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) rose above 8-month highs on 9/23/10. Still, the ratio remains neutral, with the 50-day SMA slightly below the 200-day SMA. Absolute price of XLK rose to a new 4-month high on 9/20/10. Still, price remains neutral, with the 50-day SMA below the 200-day SMA. Support 21.60, 20.01, and 19.51. Resistance 23.27, 24.16, 24.68, and 25.69.

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) fell to a 4-week low on 9/13/10 and turned neutral by crossing below its 50-day SMA. Absolute price rose to a new 4-month high on 9/20/10 and is now bullish again, with the 50-day SMA above the 200-day SMA. Support 27.46, 26.34, 25.30, and 24.95. Resistance 27.95, 28.20, 28.75, 29.29 and 30.29.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell to a 6-week low on 9/21/10 and remains neutral. Absolute remains neutral, with the 50-day below the 200-day SMA. Support 32.36, 29.88, 29.43, and 27.67. Resistance 33.52, 35.47, and 37.56.

Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) fell to a 3-month low on 9/21/10 and remains neutral. Absolute price of XLU rose to a new 8-month high on 9/7/10 and remains bullish. Support 30.76, 30.15, 29.66, 27.91, 27.44, and 25.76. Resistance 31.74 and 32.08.

Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) has been bearish since peaking on 2/23/09. Absolute price of XLV has been bearish since peaking on 1/20/10. Support 29.87, 28.00, 27.49. Resistance 30.83, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.

Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) plunged below 3-month lows on 9/17/10 and remains bearish. Longer term, the ratio has been bearish most of the time since peaking more than 2 years ago on 7/1/08. Absolute price of XLE has been bearish most of the time since peaking at 62.30 on 4/26/10. Support 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 55.23, 56.70, 58.11, 59.84, 62.30, 62.73, 69.95, and 78.10.

Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell to a new 13-month low on 9/23/10 and remains bearish. Absolute price of XLF fell below its 50-day SMA on 9/23/10, giving a fresh bearish signal. XLF has been bearish most days after peaking at 17.12 on 4/15/10. The price 50-day SMA remains below the 200-day SMA. Support 13.29 and 13.08. Resistance 15.09, 15.67, 16.13, 16.90, 17.12, 17.16, and 17.87.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose to another new 7-year high on 9/23/10, again confirming a secular (major) bullish trend. Absolute price rose to a new 5-month high on 9/20/10, also confirming a bullish trend. Price of EEM turned bullish on 9/9/10 when the 50-day SMA crossed above the 200-day SMA.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) remains neutral, with the 50-day SMA below the 200-day SMA.

NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 13-week highs on 9/23/10 but remains technically neutral, with the 50-day SMA still slightly below the 200-day SMA.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) appears to be trending lower again in recent weeks, since 8/3/10. Big caps have been relatively out of favor for more than 10 years, since 3/29/2000.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) is technically bearish. The ratio fell below both the 50-day SMA and the 200-day SMA on 9/23/10, and the 50-day SMA remains modestly below the 200-day SMA.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose further above 7-week highs on 9/20/10 and remains bullish. Longer term, MDY/SPY has been bullish, trending upward since 4/7/99. Absolute price remains technically neutral, with the 50-day SMA slightly below the 200-day SMA.

Crude Oil nearest futures contract fell below 3-week lows on 9/22/10 to confirm a short-term downside correction. Intermediate term, Oil has been consolidating more or less sideways/neutral in a trading range since 5/3/10. Support 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 78.86, 83.40, 84.55, 87.15, 90.51, 98.65, and 102.84.

Gold nearest futures contract rose to another new all-time high on 9/22/10, again confirming its preexisting secular bullish trend. Support 1232.4, 1210.9, 1191.5, 1155.6, 1124.3, 1120.9, 1084.8, 1045.2, 1026.9, and 989.3. Resistance: maybe around 1300.0.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above 8-month highs on 9/22/10, signaling a bullish trend.

Silver/Gold Ratio rose further above 8-month highs on 9/22/10, again confirming a bullish trend. Silver has outperformed Gold since 8/20/10.

Copper nearest futures contract price rose further above 5-month highs on 9/23/10, again confirming its preexisting intermediate-term uptrend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.68, 3.795, 4.0825, and 4.27.

U.S. Treasury Bond nearest futures contract price rose above 3-week highs on 9/23/10. On 9/21/10, the Bond broke out above a 3-week downtrend line. Bonds had been looking oversold for the short term, so an oversold bounce comes as no surprise. The Bond rose to its highest level in 19-months on 8/25/10, again confirming that the major trend remained bullish. Support 129.05, 126.01, 125.07, 124.19, 123.03, 121.28, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 133.12, 135.19, 136.31, 137.31, and 142.31.

Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) turned technically bearish again on 9/22/10. The Ratio has been heading lower (underperforming) most of the time since the peak on 1/8/10.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has been RELATIVELY bearish most of the time since peaking on 1/8/10. This implies that investors have been choosing less inflation protection.

The U.S. dollar nearest futures contract price plunged below 6-month lows on 9/22/10. Both the short-term trend and the intermediate-term trend are clearly bearish. Long term, USD may be in a secular downtrend and merely consolidating losses since bottoming at 70.805 in March 2008. Support 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90, 74.27, and 70.805. Resistance 82.335, 83.315, 83.64, 83.96, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.

Advisory Service Sentiment: There were 41.4% Bulls versus 29.3% Bears as of 9/22/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 1.41, up from 0.78 on 9/1/10, which was the lowest level of bullish sentiment in 17 months, since 3/25/09. The ratio has fallen substantially from its peak at 3.36 set on 1/13/10, which was the highest bullish sentiment in 6 years. The 20-year range is 0.41 to 3.74, the median is 1.51, and the mean is 1.57.

VIX Fear Index has fallen this month to the low 20s, the lower end of its 4-month range. A low and falling VIX suggests increasing bullish complacency. 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 suggests a Primary Tide Bull Market, in my interpretation. The Dow Theory last confirmed a Bullish Major Trend on 4/26/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 18 months. The Dow Theory 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. That 7/23/09 bullish signal reversed the previous bearish signal: the two Averages signaled a Primary Tide Bear Market on 11/21/07, when both Averages closed below their closing price lows of August 2007.

S&P 500 Composite (SPX, 1,124.83) fell 9.45 points or 0.83% on 9/23/10. Stock indexes were up slightly in midsession but fell in the final 2 hours. Volume fell 2% on the NYSE and 11% on the Nasdaq, suggesting modestly diminished buying and selling pressures. On-Balance Volume for the SPY fell below 3-week lows and remains technically bearish, below both 50 & 200-day SMAs, and with the 50-day SMA below the 200-day SMA. Pure price momentum indicators also fell again, suggesting fatigue for the short term. Some momentum indicators show bearish divergence for the short term. Longer term, absolute price of SPX remains neutral, above the 50-day and 200-day SMAs, but with the 50-day SMA below the 200-day SMA. With probes into new 4-month high territory early in the week, substantial upside price follow-through with volume confirmation was needed to validate a trend change to the upside–but we got the opposite instead over the past 3 trading days. The major stock indexes appear unready to trend directionally and may be in need of further consolidation in a trading range.

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
1313.15, high of 8/11/2008
1274.42, high of 9/8/2008
1255.09, high of 9/12/2008
1238.81, Fibonacci 78.6% of 1,576.09 high
1228.74, Fibonacci 61.8% of 2007-2009 range
1220.03, high of 9/25/2008
1219.80, high of 4/26/2010
1173.57, high of 5/13/2010
1148.59, high of 9/21/2010

S&P 500 Cash Index Potential Support
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

1.06% Brazil Index, EWZ
0.70% Bond Ex-US Treas, BWX
0.61% Semiconductor iS GS, IGW
0.56% Semiconductor SPDR, XSD
0.29% Bond, 20+ Years Treasury, TLT
0.28% Oil, Crude, U.S. Oil Fund, USO
0.19% Thailand MSCI iS, THD
0.14% Latin Am 40, ILF
0.14% Bond, 10 Year Treasury, IEF
0.12% Biotech SPDR, XBI
0.11% Bond, Aggregate, AGG
0.10% Bond Muni ATM-Free S&P iS, MUB
0.09% Commodity Tracking, DBC
0.08% Bond EmrgMkt JPM iS, EMB
0.08% Gold Shares S.T., GLD
0.07% Bond, Corp, LQD
0.05% Financial Preferred, PGF
0.01% Bond, 1-3 Year Treasury, SHY
-0.04% Growth LargeCap NASDAQ 100, QQQQ
-0.05% Info Tech VIPERs, VGT
-0.07% Networking, IGN
-0.07% Bond, TIPS, TIP
-0.08% Taiwan Index, EWT
-0.10% Preferred Stock iS, PFF
-0.13% Chile MSCI iS, ECH
-0.13% Technology SPDR, XLK
-0.14% Emerging 50 BLDRS, ADRE
-0.16% Technology DJ US, IYW
-0.17% Mexico Index, EWW
-0.22% WilderHill Clean Energy PS, PBW
-0.25% Silver Trust iS, SLV
-0.26% Bond, High-Yield Corporate, HYG
-0.30% Indonesia MV, IDX
-0.35% China LargeCap Growth G D H USX PS, PGJ
-0.37% Energy Global, IXC
-0.41% Japan Index, EWJ
-0.48% Growth VIPERs, VUG
-0.50% Russia MV, RSX
-0.51% Hong Kong Index, EWH
-0.51% Consumer Discretionary SPDR, XLY
-0.53% Health Care SPDR, XLV
-0.54% Emerging VIPERs, VWO
-0.56% Growth S&P 500/BARRA, IVW
-0.58% Growth MidCap 400 B, IJK
-0.58% Agriculture DB PS, DBA
-0.62% Energy SPDR, XLE
-0.63% South Africa Index, EZA
-0.64% Emerging Markets, EEM
-0.65% Consumer Staples SPDR, XLP
-0.66% MidCap S&P 400 iS, IJH
-0.68% DIAMONDS (DJIA), DIA
-0.68% Energy VIPERs, VDE
-0.69% Singapore Index, EWS
-0.69% Canada Index, EWC
-0.69% Pacific VIPERs, VPL
-0.70% MidCap S&P 400 SPDRs, MDY
-0.72% India PS, PIN
-0.73% Pacific ex-Japan, EPP
-0.76% China 25 iS, FXI
-0.76% Dividend Appreciation Vipers, VIG
-0.77% LargeCap Blend S&P=Weight R, RSP
-0.77% India Earnings WTree, EPI
-0.78% Growth MidCap Russell, IWP
-0.80% Natural Resource iS GS, IGE
-0.81% Dividend SPDR, SDY
-0.81% S&P 500 SPDRs LargeCap Blend, SPY
-0.82% S&P 500 iS LargeCap Blend, IVV
-0.83% LargeCap VIPERs, VV
-0.83% Growth SmallCap VIPERs, VBK
-0.86% Blend Total Market VIPERs, VTI
-0.86% Growth 1000 Russell, IWF
-0.87% Growth BARRA Small Cap 600, IJT
-0.88% Value MidCap S&P 400 B, IJJ
-0.89% LargeCap Blend S&P 100, OEF
-0.92% Value LargeCap Dynamic PS, PWV
-0.92% Small Cap EAFE MSCI iS, SCZ
-0.93% Global ex US ACWI iS, ACWX
-0.94% Materials SPDR, XLB
-0.97% Dividend International, PID
-0.97% Dividend High Yield Equity PS, PEY
-0.98% Australia Index, EWA
-1.00% Turkey MSCI iS, TUR
-1.02% Growth EAFE MSCI, EFG
-1.04% Utilities VIPERs, VPU
-1.04% United Kingdom Index, EWU
-1.07% Telecom DJ US, IYZ
-1.07% Global 100, IOO
-1.08% Growth SmallCap R 2000, IWO
-1.08% EAFE Index, EFA
-1.08% Small Cap VIPERs, VB
-1.11% Water Resources, PHO
-1.11% Energy DJ, IYE
-1.12% Value S&P 500 B, IVE
-1.13% Value VIPERs, VTV
-1.14% SmallCap S&P 600, IJR
-1.15% Utilities SPDR, XLU
-1.15% Basic Materials DJ US, IYM
-1.16% South Korea Index, EWY
-1.18% Europe 350 S&P Index, IEV
-1.18% Microcap Russell, IWC
-1.22% Value EAFE MSCI, EFV
-1.22% Switzerland Index, EWL
-1.26% Metals & Mining SPDR, XME
-1.26% LargeCap 1000 R, IWB
-1.31% LargeCap Blend Russell 3000, IWV
-1.31% Belgium Index, EWK
-1.34% MidCap Russell, IWR
-1.35% Value SmallCap VIPERS, VBR
-1.46% SmallCap Russell 2000, IWM
-1.46% Value SmallCap S&P 600, RZV
-1.48% Value SmallCap S&P 600 B, IJS
-1.48% Industrial SPDR, XLI
-1.49% Homebuilders SPDR, XHB
-1.51% European VIPERs, VGK
-1.60% Value MidCap Russell, IWS
-1.62% Germany Index, EWG
-1.64% Value 1000 Russell, IWD
-1.64% EMU Europe Index, EZU
-1.64% Capital Markets KWB ST, KCE
-1.74% Malaysia Index, EWM
-1.75% Value SmallCap Russell 2000, IWN
-1.77% Austria Index, EWO
-1.79% Financial Services DJ, IYG
-1.80% Italy Index, EWI
-1.81% Spain Index, EWP
-1.84% Financials VIPERs, VFH
-1.90% Dividend DJ Select, DVY
-1.93% Financial SPDR, XLF
-2.04% Financial DJ US, IYF
-2.15% France Index, EWQ
-2.18% Netherlands Index, EWN
-2.25% Transportation Av DJ, IYT
-2.47% REIT VIPERs, VNQ
-2.67% REIT Wilshire, RWR
-2.70% Realty Cohen & Steers, ICF
-2.95% Sweden Index, EWD
-3.09% Real Estate US DJ, IYR