Technology stock sector ETF Relative Strength Ratio (XLK/SPY) turned systematically neutral (from bearish) on 8/13/13 when XLK/SPY crossed back up above its 50-day SMA. Absolute price confirmed a significant uptrend on 8/13/13 when it rose above its highs of the previous 12 years.
U.S. stock market price indexes turned choppy on Tuesday but managed to close moderately above the open, above the previous day’s high, and above the midpoint of the day’s high-low range. The S&P 500 Composite Index (SPX: 1,694.16) finished higher by 0.28%.
Although the bullish majority was still willing to buy the dip again on Tuesday, the SPX is nearly unchanged over the past 3 weeks, which suggests a loss of upside price momentum.
NYSE total volume rose 8% a level 11% below its 200-day SMA. Generally, rising volume confirms the direction (up or down) of a price move, but falling volume may indicate diminishing power behind a price trend, which can suggest a price reversal ahead.
The Cumulative Up-Down Volume Line and the Cumulative Daily Advance-Decline on the NYSE fell on Tuesday. In July and so far in August, both failed to rise above their May highs; the S&P 500 rose to a new high at 1,709.67 on 8/2/13, but Volume and Breadth did not rise to higher highs. Therefore, both Volume and Breadth remain bearishly divergent relative to the price indexes. In addition, the Net Number of New Highs-Lows remains far below its May high, thereby diverging bearishly as well.
Popular price momentum oscillators based on SPX, such as RSI(14) and MACD(12,26,9), failed to rise above their May highs in recent weeks to confirm new highs by the price indexes. So, both oscillators remain bearishly divergent.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) is systematically neutral. XLF/SPY fell below its 50-day SMA on 8/7/13, thereby turning systematically neutral (from bullish). 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 whipsawed back above the 50-day SMA on 6/26/13, thereby turning systematically bullish (from neutral). Support: 20.24, 19.34, 18.58, 18.48, 17.75, 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: 20.93, 24.50, and 28.17.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) remains systematically bullish. XLY/SPY turned systematically bullish (from neutral) on 6/13/13, when it whipsawed back above the 50-day SMA. 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 whipsawed back above the 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral). Support: 59.53, 58.94, 58.23, 56.50, 53.96, 52.32, 51.95, 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: 60.75.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) remains systematically bullish. XLV/SPY whipsawed back up above its 50-day SMA on 7/19/13, thereby turning systematically bullish again (from neutral). Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 50.20, 49.52, 47.18, 46.45, 46.02, 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: 51.50.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) remains systematically bullish. XLI/SPY whipsawed back up above its 50-day SMA on 7/18/13, thereby turning systematically bullish again (from neutral). Absolute price whipsawed up above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral). Support: 44.66, 42.63, 41.37, 40.90, 40.02, 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: 46.02.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) remains systematically bearish. XLP/SPY has been relatively weak since the XLP/SPY ratio peaked on 4/19/13. Long term, XLP/SPY underperformed since the XLP/SPY ratio peaked on 11/20/2008. Absolute price has drifted slightly lower after peaking at 42.20 on 5/15/13. Support 41.02, 38.87, 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: 41.88 and 42.20.
Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) remains systematically bearish. XLE/SPY whipsawed back down below its 50-day SMA on 7/26/13, thereby turning systematically bearish again (from neutral). Long term, XLE/SPY has been trending down since the XLE/SPY ratio peaked on 3/30/11. Absolute price has drifted slightly lower after peaking at 83.95 on 5/22/13. Support: 81.68, 80.82, 78.34, 76.02, 73.51, 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: 83.96 and 91.42.
Technology (XLK) Neutral, Under Weight. The Relative Strength Ratio (XLK/SPY) turned systematically neutral (from bearish) on 8/13/13 when XLK/SPY crossed back up above its 50-day SMA. Absolute price confirmed a significant uptrend on 8/13/13 when it rose above its highs of the previous 12 years. Support: 31.37, 31.07, 29.94, 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: 34.85, 36.40, and 39.07.
Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) fell to its lowest level in 6 years on 7/5/13 and has been trending down since it peaked on 6/23/2008. Absolute price remains systematically bullish. Support: 40.38, 39.96, 39.66, 37.78, 37.10, 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: 41.61, 43.04, 45.21, and 46.54.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell to its lowest level in 8 years on 7/5/13 and has been trending down since the XLU/SPY ratio peaked on 11/21/2008. Absolute price has drifted slightly lower after peaking at 41.44 on 4/30/13. Absolute price rose above its 50-day SMA on 7/11/13, thereby turning systematically bullish (from neutral). Support: 38.69, 38.00, 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 39.81, 40.55, 41.44, 41.98, and 44.66.
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Stock Market Indicators
The Dow Theory reconfirmed a Primary Tide Bull Market on 8/1/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new price highs.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) remains systematically neutral, although its trend appears to be changing in a more bullish direction. QQQ/SPY rose above its highest levels of the past 6 months on 8/13/13.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 4 years on 8/7/13, again reconfirming its 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. BKF/SPY has underperformed since the ratio peaked on 10/14/2010. Price peaked at 42.29 on 2/1/13 and fell to a 20-month low on 6/24/13.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 4 years on 7/10/13, again reconfirming its preexisting major downtrend. EEM/SPY turned systematically bearish on 3/20/13, when the 50-day SMA fell below the 200-day SMA. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. Absolute price peaked at 45.34 on 1/2/13 and fell to a 19-month low on 6/24/13, confirming its bearish major trend.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) crossed back above its 50-day SMA on 8/8/13, thereby turning systematically neutral (from bearish). For nearly 6 years, from 11/27/07 to 7/9/13, EFA/SPY underperformed. Absolute price has drifted slightly lower after peaking at 64.14 on 5/22/13.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) remains systematically bearish. OEF/SPY has been in a down trend since 9/24/12. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other hand, 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.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. IWM/SPY has been rising since 5/1/13. Absolute price crossed back above its 50-day SMA on 6/27/13, thereby turning systematically bullish (from neutral).
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. MDY/SPY has been rising since 6/21/13. Absolute price crossed back above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral).
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) whipsawed back down below its 50-day SMA on 7/16/13, thereby turning systematically neutral again (from bullish). UUP fell below its 200-day SMA on 8/2/13, and the 50-day SMA could be heading toward a possible bearish cross below the 200-day SMA in weeks ahead. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.82, 21.53, 21.07, and 20.84. Resistance 22.98, 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 past 3 years on 8/2/13 and has been trending down since peaking on 3/4/11.
Crude Oil, United States Oil ETF (USO) price remains in a systematically bullish trend above its 50-day SMA and 200-day SMA. In recent weeks, however, USO price has stalled out below its peak of 38.62 on 7/19/13. Support 36.35, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 38.62, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price trend turned systematically neutral (from bearish) on 8/12/13 when price whipsawed back up above its 50-day SMA. GLD may be consolidating losses within its longer term downtrend: price fell below its lows of the previous 2 years on 6/28/13, thereby reconfirming its preexisting major bearish trend. GLD price trend was bearish since price peaked at 185.85 on 9/6/11 until price fell below its lows of the previous 2 years on 6/28/13, and that down trend may not be finished. Support: 122.73, 114.68, 113.08 and 102.28. Resistance: 130.14, 137.62, 143.43, 149.44, 153.85, 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) has stayed systematically bearish most of the time since 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 trend turned systematically neutral (from bearish) on 8/12/13 when price whipsawed back up above its 50-day SMA. SLV may be consolidating losses within its longer term downtrend: SLV price trend was bearish since price peaked at 48.35 on 4/28/11 until price fell below its lows of the previous 2 years on 6/27/13, and that down trend may not be finished. Support 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 19.89, 20.53, 22.65, 23.70, 25.34, 27.14, 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) crossed back above its 50-day SMA on 8/9/13, thereby turning systematically neutral (from bearish). Longer term, SLV underperformed GLD for more than 2 years from 4/28/11 to 7/30/13, and that long-term down trend may not be over.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price crossed back above its 50-day SMA on 8/8/13, thereby turning systematically neutral (from bearish). Longer term, JJC price was in a persistent downtrend for more than 2 years from its peak of 61.69 on 2/14/11 to its low of 36.87 on 6/24/13, and that long-term down trend may not be over. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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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
8.24% , MU.O , MICRON TECH
3.65% , LVLT.K , LEVEL 3 COMMUNICATIONS
4.75% , AAPL , APPLE COMPUTER
1.31% , PIN , India PS, PIN
0.44% , EZU , EMU Europe Index, EZU
0.49% , EWO , Austria Index, EWO
5.27% , MRVL , MARVELL TECHNOLOGY
3.35% , XRX , XEROX
2.85% , TBT , 200% Short US T Bond, TBT
3.79% , TXT , TEXTRON
0.57% , EWD , Sweden Index, EWD
0.38% , PBJ , Food & Beverage, PBJ
0.85% , SLM.O , SLM CORP
2.09% , HPQ , HEWLETT PACKARD
1.33% , EWY , South Korea Index, EWY
1.62% , PGJ , China LargeCap Growth G D H USX PS, PGJ
0.87% , EWJ , Japan Index, EWJ
2.39% , SCHW.K , CHARLES SCHWAB, SCHW.O
1.01% , TIF , TIFFANY
2.45% , SLB , SCHLUMBERGER
1.60% , ODP , OFFICE DEPOT
1.14% , CAH , CARDINAL HEALTH
1.02% , EWH , Hong Kong Index, EWH
1.52% , HOG , HARLEY DAVIDSON
1.71% , C , CITIGROUP
0.39% , DDM , Ultra Dow30 Double, DDM
0.49% , NI , NISOURCE
0.76% , VGT , Info Tech VIPERs, VGT
0.21% , IYF , Financial DJ US, IYF
0.84% , BBT , BB&T
1.39% , BBRY , BlackBerry (BBRY)
2.37% , RHT , Red Hat Inc.
1.35% , MET , METLIFE
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-0.96% , VOX , Telecom Services VIPERs, VOX
-5.86% , CECO , CAREER EDUCATION CORP
-1.82% , LUV , SOUTHWEST AIRLS
-3.32% , MAS , MASCO
-2.80% , MTG , MGIC INVESTMENT
-1.55% , ZION , ZIONS
-2.01% , YUM , YUM BRANDS
-0.93% , FITB , FIFTH THIRD BANC
-0.30% , GVI , Bond Interm U.S. Gov, GVI
-0.84% , XHB , Homebuilders SPDR, XHB
-2.29% , PHM , PULTE HOMES
-1.17% , MBI , MBIA
-1.08% , QID , Short 200% QQQ PS, QID
-1.78% , PCL , PLUM CREEK TIMB
-0.99% , TLH , Bond 10-20 Year US Treas, TLH
-0.68% , AGN , ALLERGAN
-1.45% , TLT , Bond, 20+ Years Treasury, TLT
-3.72% , JCP , JC PENNEY
-0.94% , RDC , ROWAN COMPANIES
-1.27% , PCG , PG&E
-0.40% , PGF , Financial Preferred, PGF
-1.37% , VNQ , REIT VIPERs, VNQ
-1.37% , IYR , Real Estate US DJ, IYR
-0.90% , ABC , AMERISOURCEBERGN
-0.54% , XLU , Utilities SPDR, XLU
-0.61% , MCD , MCDONALDS
-0.84% , AES , AES
-1.21% , WY , WEYERHAEUSER
-1.19% , DDS , DILLARD STK A
-0.68% , SDS , Short 200% S&P 500 PS, SDS
-0.48% , BCR , C R BARD
-0.84% , MRO , MARATHON OIL
-0.75% , DTE , DTE ENERGY
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
2.05% , China 25 iS, FXI
1.62% , China LargeCap Growth G D H USX PS, PGJ
1.59% , Thailand MSCI iS, THD
1.40% , Italy Index, EWI
1.33% , South Korea Index, EWY
1.31% , India PS, PIN
1.28% , Taiwan Index, EWT
1.25% , Russia MV, RSX
1.18% , Semiconductor iS IGW, SOXX
1.02% , Hong Kong Index, EWH
0.96% , Pacific VIPERs, VPL
0.94% , Networking, IGN
0.89% , United Kingdom Index, EWU
0.87% , Japan Index, EWJ
0.86% , Technology DJ US, IYW
0.84% , Semiconductor SPDR, XSD
0.84% , Capital Markets KWB ST, KCE
0.79% , Australia Index, EWA
0.79% , Germany Index, EWG
0.79% , Value EAFE MSCI, EFV
0.78% , India Earnings WTree, EPI
0.76% , Info Tech VIPERs, VGT
0.74% , Pacific ex-Japan, EPP
0.69% , Financial Services DJ, IYG
0.68% , Technology SPDR, XLK
0.68% , Growth EAFE MSCI, EFG
0.67% , Global ex U.S. LargeCap Blend, ACWX
0.66% , Dividend ex-U.S. DJ iS, IDV
0.65% , Foreign LargeCap EAFE MSCI iS, EFA
0.62% , European VIPERs, VGK
0.62% , Emerging Markets MSCI iS, EEM
0.61% , Europe 350 S&P Index, IEV
0.58% , SmallCap Blend EAFE MSCI iS, SCZ
0.57% , Sweden Index, EWD
0.56% , QQQ Nasdaq 100 Trust, QQQ
0.56% , Emerging 50 BLDRS, ADRE
0.52% , Spain Index, EWP
0.51% , Global LargeCap Blend MSCI iS, ACWI
0.49% , Financial SPDR, XLF
0.49% , Austria Index, EWO
0.47% , Dividend International, PID
0.44% , EMU Europe Index, EZU
0.44% , Industrial SPDR, XLI
0.44% , Silver Trust iS, SLV
0.42% , LargeCap Growth S&P 500 iS, IVW
0.41% , Global 100, IOO
0.40% , Emerging VIPERs, VWO
0.38% , France Index, EWQ
0.38% , Netherlands Index, EWN
0.37% , Health Care SPDR, XLV
0.37% , Oil, Crude, U.S. Oil Fund, USO
0.36% , Materials SPDR, XLB
0.36% , LargeCap Blend S&P 500 iS, IVV
0.34% , LargeCap Blend S&P 100, OEF
0.34% , Growth VIPERs, VUG
0.30% , Value LargeCap Dynamic PS, PWV
0.30% , S&P 500 SPDRs LargeCap Blend, SPY
0.28% , Basic Materials DJ US, IYM
0.27% , DIAMONDS (DJIA), DIA
0.26% , Belgium Index, EWK
0.25% , LargeCap Blend Russell 1000 iS, IWB
0.25% , Energy Global, IXC
0.25% , LargeCap Growth Russell 1000 iS, IWF
0.24% , Financials VIPERs, VFH
0.23% , LargeCap Value S&P 500 iS, IVE
0.22% , LargeCap VIPERs, VV
0.22% , Blend Total Market VIPERs, VTI
0.21% , Financial DJ US, IYF
0.21% , Oil Fund PowerShares, DBO
0.19% , LargeCap Value Russell 1000 iS, IWD
0.18% , Energy SPDR, XLE
0.18% , Value VIPERs, VTV
0.17% , Energy DJ, IYE
0.17% , Energy VIPERs, VDE
0.15% , LargeCap Blend Russell 3000 iS, IWV
0.14% , Indonesia MV, IDX
0.14% , Canada Index, EWC
0.12% , LargeCap Blend S&P=Weight R, RSP
0.11% , Dividend Appreciation Vipers, VIG
0.10% , Growth MidCap Russell, IWP
0.09% , SmallCap Growth S&P 600 iS, IJT
0.07% , Consumer Staples SPDR, XLP
0.01% , MidCap Russell, IWR
0.01% , Water Resources, PHO
0.00% , Consumer Discretionary SPDR, XLY
0.00% , Bond, High Yield Corp iBoxx iS, HYG
0.00% , Bond Treasury Short-Term iS, SHV
-0.01% , SmallCap Growth Russell 2000 iS, IWO
-0.03% , SmallCap Blend S&P 600 iS, IJR
-0.03% , Switzerland Index, EWL
-0.04% , Commodity Tracking, DBC
-0.04% , Growth SmallCap VIPERs, VBK
-0.05% , Bond, 1-3 Year Treasury, SHY
-0.05% , Energy & Nat Res iS GS, IGE
-0.05% , MidCap Growth S&P 400 iS, IJK
-0.06% , Microcap Russell, IWC
-0.07% , MidCap Blend S&P 400 iS, IJH
-0.08% , SmallCap Value S&P 600 iS, IJS
-0.09% , Dividend SPDR, SDY
-0.09% , Dividend U.S. DJ iS, DVY
-0.09% , Dividend High Yield Equity PS, PEY
-0.09% , Small Cap VIPERs, VB
-0.10% , Value MidCap Russell, IWS
-0.11% , MidCap S&P 400 SPDRs, MDY
-0.13% , Bond, High-Yield Junk, JNK
-0.13% , Mexico Index, EWW
-0.13% , SmallCap Blend Russell 2000 iS, IWM
-0.14% , MidCap Value S&P 400 iS, IJJ
-0.22% , Singapore Index, EWS
-0.25% , Frontier Markets Guggenheim , FRN
-0.26% , Value SmallCap VIPERS, VBR
-0.26% , SmallCap Value Russell 2000 iS, IWN
-0.27% , Biotech SPDR, XBI
-0.30% , Latin Am 40, ILF
-0.33% , Malaysia Index, EWM
-0.34% , Turkey MSCI iS, TUR
-0.36% , Preferred Stock iS, PFF
-0.39% , Bear, Short S&P 500, SH
-0.40% , Financial Preferred, PGF
-0.40% , Bond, Intermediate US Aggregate iS, AGG
-0.54% , Telecom DJ US, IYZ
-0.54% , Utilities SPDR, XLU
-0.60% , Utilities VIPERs, VPU
-0.63% , Brazil Index, EWZ
-0.64% , Bond, Muni S&P ATM-Free iS, MUB
-0.67% , Transportation Av DJ, IYT
-0.71% , Bond, Long-Term Corp iBoxx iS, LQD
-0.72% , Agriculture DB PS, DBA
-0.82% , Bond, Emerging Mkt JPM iS, EMB
-0.84% , Homebuilders SPDR, XHB
-0.86% , WilderHill Clean Energy PS, PBW
-0.88% , Bond, TIPS U.S. Treasury iS, TIP
-0.88% , Bond Ex-US Treas, BWX
-0.90% , Bond, 10 Year Treasury, IEF
-0.97% , South Africa Index, EZA
-1.08% , Gold Shares S.T., GLD
-1.34% , REIT Wilshire, RWR
-1.37% , Real Estate US DJ iS, IYR
-1.37% , REIT VIPERs, VNQ
-1.42% , Realty Cohen & Steers, ICF
-1.45% , Bond, 20+ Years Treasury, TLT
-1.48% , Chile MSCI iS, ECH
-1.50% , Metals & Mining SPDR, XME
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The S&P 500 Composite Potential Resistance
1709.67, high of 8/2/2013
The S&P 500 Composite Potential Support
1676.03, low of 7/26/2013
1671.84, low of 7/16/2013
1660.03, Fib 78.6% of May-June 2013
1654.61, 50-day SMA
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1638.72, Fib 61.8% of May-June 2013
1606.04, Fib 23.6% of Nov-May 2013
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
1546.09, 200-day SMA
1536.03, low of 4/18/2013
1530.94, high of 2/19/2013
1515.27, Fib 50% of Nov-May 2013
1485.01, low of 2/26/2013
1474.69, Fib 61.8% of Nov-May 2013
1474.51, high of 9/14/2012
1468.82, Fib 78.6% of 2009-13 range
1451.64, low on 1/8/2013
1448.00, high of 12/19/2012
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
1416.93, Fib 79.6% of Nov-May 2013
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
1297.39, Fib 61.8% of 2009-13 range
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
1176.99, Fib 50% of 2009-13 range
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1056.58, Fib 38.2% of 2009-13 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
907.60, Fib 23.6% of 2009-13 range
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
