Federal Reserve Chairman Ben Bernanke told the Senate on Wednesday that the economic outlook is “unusually uncertain,” and the stock market promptly took a nose dive.

I’m not sure that made sense. It seems quite possible that the stock market’s steep decline from the April peak already may reflect that economic uncertainty, since the stock market is a leading economic indicator.

On Wednesday, S&P 500 Composite (SPX) fell 1.28%, destroying more than it created on Tuesday. As I noted previously, many technical indicators appear uncertain for the short term. SPX remains below its 50-day SMA, below its 200-day SMA, and the 50 is below the 200, all of which together is technically bearish. Short-term volatility is normal and expected, but the downside damage may prove to be limited, given the degree of the recent oversold condition and the depth of bearish sentiment.

The Dow-Jones Industrial Average whipsawed back below its 50-day SMA, turning bearish.

The Dow-Jones Transportation Average whipsawed back below its 200-day SMA and remains neutral.

Consumer Staples stock sector absolute price crossed below the 200-day SMA on 7/21/10 but remains neutral above the 50-day SMA. The 50-day SMA is below the 200-day SMA.

Technology stock sector absolute price crossed below its 50-day SMA on 7/21/10 and turned bearish again. The 50-day SMA remains below the 200-day SMA.

Energy stock sector absolute price turned bearish on 7/21/10 as it crossed below the 50-day SMA. The 50-day SMA remains below the 200-day SMA.

Crude Oil rose above 3-week highs on 7/21/10 before reversing to close lower, and raising a caution flag for the short term. Oil has been in a trading range since making a low at 64.24 on 5/25/10.

Gold moved above 2-day highs on 7/21/10 but reversed to close lower. Gold has been in a correction within a major bullish trend since 6/21/10, and that correction may continue.

Copper rose above 3-week highs on 7/21/10, indicating a minor uptrend for the short-tem. Strength in Copper suggests confidence about prospects for the world economy, contradicting Ben Bernanke.
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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
8.68% , TXT , TEXTRON
6.26% , MS , MORGAN STANLEY
5.91% , ETN , EATON
3.62% , GT , GOODYEAR TIRE
4.35% , LIZ , LIZ CLAIRBORNE
2.55% , ABT , ABBOTT LABS
1.44% , KSU , Kansas City Southern, KSU
2.01% , ECH , Chile MSCI iS, ECH
1.92% , SWK , STANLEY WORKS
1.58% , KO , COCA COLA
2.86% , MZZ , Short 200% MidCap 400 PS, MZZ
2.71% , FCX , FREEPRT MCMORAN STK B
1.69% , TLT , Bond, 20+ Years Treasury, TLT
3.13% , EMN , EASTMAN CHEM
0.98% , TLH , Bond 10-20 Year US Treas, TLH
0.91% , CEPH , Cephalon Inc
0.69% , GENZ , GENZYME
1.10% , PTV , PACTIV
1.42% , DOV , DOVER
1.24% , SLE , SARA LEE
1.76% , BIIB , BIOGEN IDEC
1.25% , CR , CRANE
0.83% , FMCN , Focus Media, FMCN
0.54% , QLGC , QLOGIC
2.92% , CBE , COOPER INDS STK A
1.76% , DE , DEERE & CO
0.85% , PCAR , PACCAR
0.23% , FII , FED INVESTORS STK B
0.27% , PTEN , Patterson-UTI Energy Inc
2.65% , QID , Short 200% QQQ PS, QID
0.58% , WFC , WELLS FARGO
0.84% , CMI , CUMMINS
0.79% , EMR , EMERSON ELECTRIC
0.38% , EMB , Bond EmrgMkt JPM iS, EMB
0.55% , PH , PARKER HANNIFIN
0.60% , PGF , Financial Preferred, PGF
2.38% , PWER , POWER ONE
0.55% , DYN , DYNEGY
1.89% , CLF , CLIFFS NATURAL RESOURCES, CLF
0.49% , LEG , LEGGETT & PLATT

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-11.32% , SLM , SLM CORP
-6.51% , DGX , QUEST DIAG
-1.79% , IYC , Consumer Cyclical DJ, IYC
-8.85% , SYK , STRYKER
-8.49% , YHOO , YAHOO
-0.88% , PFM , Dividend Achievers PS, PFM
-4.78% , BSX , BOSTON SCIENT
-2.15% , EWQ , France Index, EWQ
-2.14% , EPP , Pacific ex-Japan, EPP
-1.28% , IYY , LargeCap Blend Total Market DJ, IYY
-0.94% , IXP , Telecommunications Global, IXP
-5.26% , HMA , HEALTH MGMT STK A
-1.97% , RZV , Value SmallCap S&P 600, RZV
-3.39% , CAR , Avis Budget Group, Inc. (CAR)
-5.49% , RF , REGIONS FINAN
-6.52% , THC , TENET HEALTHCARE
-3.27% , TBT , 200% Short US T Bond, TBT
-1.29% , PXN , Nanotech Lux, PXN
-3.95% , ZMH , ZIMMER HLDGS
-3.21% , MDT , MEDTRONIC
-1.19% , EWK , Belgium Index, EWK
-1.45% , SWH , Software H, SWH
-5.34% , CECO , CAREER EDUCATION CORP
-2.54% , NCR , NCR
-1.95% , VGK , European VIPERs, VGK
-1.13% , RFV , Value MidCap S&P 400, RFV
-1.43% , ADRD , Developed 100 BLDRS, ADRD
-1.27% , PST , 200% Short Bond 7-10 Yr T, PST
-2.80% , MVV , Ultra MidCap400 Double, MVV
-2.07% , IXJ , Healthcare Global, IXJ
-2.86% , STJ , ST JUDE MEDICAL
-1.25% , VTI , Blend Total Market VIPERs, VTI
-2.90% , SRCL , Stericycle, SRCL
-3.76% , HES , AMERADA HESS
-1.11% , LH , LAB CRP OF AMER
-1.63% , JKL , Value SmallCap iS M, JKL
-1.98% , IGN , Networking, IGN
-2.72% , ALTR , ALTERA
-3.86% , MAS , MASCO
-1.05% , PBJ , Food & Beverage, PBJ

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

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) turned bullish on 7/6/10 when the 50-day SMA crossed above the 200-day SMA. Absolute price of XLP crossed below the 200-day SMA on 7/21/10 but remains neutral above the 50-day SMA. The 50-day SMA is below the 200-day SMA. Support 25.30 and 24.95. Resistance 26.99, 27.83, 27.95, 28.20, 28.75, 29.29 and 30.29.

Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) is between 50- and 200-day SMAs, so XLY/SPY is to neutral. Absolute price of XLY remains neutral with the 50-day SMA above the 200-day SMA. Support 28.64, 28.21, and 26.62. Resistance 31.34, 33.12, 34.39, 36.13, 38.25 and 39.09.

Utilities (XLU) Bullish, Over Weight. The Relative Strength Ratio (XLU/SPY) remains bullish above 50-day and 200-day SMAs, and with the 50 above the 200. Absolute price of XLU crossed above its 200-day SMA on 7/19/10 but remains neutral with the 50-day SMA below the 200-day SMA. Support 29.66, 27.91, 27.44, and 25.76. Resistance 30.59, 30.91, 31.64 and 32.08.

Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) is stuck between 50- and 200-day SMAs and remains neutral. Absolute price of XLI is below 50-day and 200-day SMAs but is neutral, with the 50 above the 200. Support 26.79 and 26.66. Resistance 29.23, 33.12, 33.46, 34.24, 34.50, and 35.00.

Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) turned bullish on 7/12/10 when the 50-day SMA crossed above the 200-day SMA. Absolute price of XLK crossed below its 50-day SMA on 7/21/10 and turned bearish again. The 50-day SMA remains below the 200-day SMA. Support 20.01 and 19.51. Resistance 22.07, 22.62, 23.27, 24.16, 24.68, and 25.69.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) crossed above its 50 SMA on 7/9/10 but is only neutral because the 50-day SMA remains below the 200-day SMA. Absolute price of XLB crossed above its 50 SMA on 7/20/10 but is only neutral because the 50-day SMA remains below the 200-day SMA. Support 27.67. Resistance 31.80, 33.06, 35.47, and 37.56.

Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) turned bearish again on 7/20/10, as it whipsawed back below its 50-day SMA. Absolute price of XLV remains bearish below both SMAs and with the 50-day SMA below the 200-day SMA. Support 27.49. Resistance 29.38, 29.93, 30.83, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.

Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) remains bearish below both SMAs and with the 50-day SMA below the 200-day SMA. Absolute price of XLF also remains bearish below both SMAs and with the 50-day SMA below the 200-day SMA. Support 13.34 and 13.08. Resistance 15.05, 15.67, 16.13, 16.90, 17.12, 17.16, and 17.87.

Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) turned neutral on 7/20/10 as it crossed above the 50-day SMA. The 50-day SMA remains below the 200-day SMA. Absolute price of XLE turned bearish on 7/21/10 as it crossed below the 50-day SMA. The 50-day SMA remains below the 200-day SMA. Support 48.56, 46.16, and 43.66. Resistance 53.59, 56.70, 58.11, 59.84, 62.30, 62.73, 69.95, and 78.10.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) has been rising since its low on 5/20/10 but remains neutral, with the 50-day below the 200-day SMA. Absolute price of EEM crossed above its 50-day SMA on 7/19/10, thereby turning neutral again.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) has been rising since its low on 5/26/10 but remains neutral, with the 50-day below the 200-day SMA. Absolute price of EFA crossed above its 50-day SMA on 7/8/10 thereby turning neutral.

NASDAQ Composite/S&P 500 Relative Strength Ratio is neutral between 50- and 200-day SMAs. Absolute price fell below 7-month lows on 7/1/10 and is bearishly below 50- and 200-day SMAs.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) fell below its 200-day SMA on 7/16/10, turning bearish again.

Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) rose above its 200-day SMA on 7/16/10 but remains neutral with the 50-day below the 200-day SMA.

The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) turned neural when it fell below its 50-day SMA on 6/29/10.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) is neutral, having stabilized since making a 30-year low on 6/15/10. Big caps have been 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) fell below its 200-day SMA on 7/20/10 but remains neutral with the 50-day above the 200-day SMA.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains neutral between 50-day and 200-day SMAs. Absolute price of MDY also remains neutral with the 50- modestly above the 200-day SMA.

Crude Oil nearest futures contract rose above 3-week highs on 7/21/10 before reversing to close lower, and raising a caution flag for the short term. Oil has been in a trading range since making a low at 64.24 on 5/25/10. Support 74.25, 71.09, 70.93, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 79.38, 79.94, 81.29, 87.15, 90.51, 98.65, and 102.84.

Gold nearest futures contract moved above 2-day highs on 7/21/10 but reversed to close lower. Gold has been in a correction within a major bullish trend since 6/21/10, and that correction may continue. Support 1168.0, 1156.2, 1124.3, 1084.8, 1045.2, 1026.9 and 989.3. Resistance: 1218.8, 1264.8, 1263.7, and 1266.5.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) has been whipsawing sideways through moving averages in recent months. Best stand aside until a clear trend emerges.

Silver/Gold Ratio turned bearish on 7/16/10 when it crossed below its 50-day SMA, and with the 50-day SMA below the 200-day SMA.

Copper nearest futures price contract rose above 3-week highs on 7/21/10, indicating a minor uptrend for the short-tem. Strength suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.123, 3.187, 3.2675, 3.3225, 3.795 and 4.27.

U.S. Treasury Bond nearest futures contract price rose above 16-month highs on 7/21/10, confirming renewed upside momentum following a short-term consolidation. From 7/1/10 to 7/14/10, the Bond had a minor correction within a major uptrend that resembled a Bullish Flag, and now that minor correction appears to have ended. Support 125.07, 124.19, 123.03, 121.28, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 130.31, 133.20, 137.31, and 142.31.

Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) whipsawed back below its 50-day SMA on 7/21/10, turning bearish again. The 50-day remains below the 200-day SMA.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below 9-month lows on 7/2/10 and remains RELATIVELY bearish. This implies that investors are choosing less inflation protection. Absolute price of TIP turned from bullish to neutral as of 7/2/10.

The U.S. dollar nearest futures contract price rose above 4-day highs on 7/16/10 but remains in a downtrend that started on 6/7/10. USD fell below 2-month lows on 7/16/10. Support 80.14, 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90. Resistance 85.36, 86.71, 89.22, 89.71, and 92.53.

The Art of Contrary Thinking: The various surveys of investor sentiment are best considered as background factors. The majority of investors can be right for a long time before a major trend finally changes course. The Art of Contrary Thinking is best used together with more precise market timing tools.

Advisory Service Sentiment: There were 35.6% Bulls versus 35.6% Bears as of 7/21/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 1.00, up from 0.94 the previous week. That 0.94 Bull/Bear ratio was the lowest since 0.82 on 4/1/09. 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 jumped up to 37.58 on 7/1/10, up from 22.87 on 6/21/10. A high and strongly rising VIX suggests increasing bearish sentiment. 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.

VXN Fear Index jumped up to 38.29 on 7/1/10, up from 23.12 on 6/18/10. A high and strongly rising VXN suggests increasing bearish sentiment. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

ISEE Call/Put Ratio fell to .059 on 5/7/10, a low level that indicates bearish sentiment. Its 2-year mean is 1.20, and its typical range is 0.69 to 1.71, which represents two standard deviations from the mean.

CBOE Put/Call Ratio rose to 0.96 on 5/20/10, its highest level of the year. A high level indicates bearish sentiment. The 2-year mean is 0.70, and the typical range is 0.44 to 0.96, which represents two standard deviations from the mean.

The Dow Theory suggests completion of a significant Secondary Reaction within a Primary Tide Bull Market since the 4/26/10 high, in my interpretation. (There is room for interpretation, and so different students of Dow’s Theory may have different interpretations.) 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.

On Wednesday, S&P 500 Composite (SPX) S&P 500 Composite (SPX) fell 1.28%, destroying more than it created on Tuesday. As I noted previously, many technical indicators appear uncertain for the short term. SPX remains below its 50-day SMA, below its 200-day SMA, and the 50 is below the 200, all of which together is technically bearish. Short-term volatility is normal and expected, but the downside damage may prove to be limited, given the degree of the recent oversold condition and the depth of bearish sentiment. Support 1055.19, 1044.74, 1008.55, 991.97, 978.51, 956.23, and 943.29. Resistance 1099.46, 1131.23, 1173.57, and 1219.80.

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
1131.23, high of 6/21/2010
1099.46, high of 7/13/2010

S&P 500 Cash Index Potential Support
1055.19, 50.0% of July 2010 range
1044.74, Fibonacci 61.8% of July 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

2.01% Chile MSCI iS, ECH
1.69% Bond, 20+ Years Treasury, TLT
0.64% Bond, 10 Year Treasury, IEF
0.60% Financial Preferred, PGF
0.52% Bond, TIPS, TIP
0.49% Bond, Corp, LQD
0.44% Bond, Aggregate, AGG
0.38% Bond EmrgMkt JPM iS, EMB
0.32% Agriculture DB PS, DBA
0.16% Preferred Stock iS, PFF
0.15% Bond Muni ATM-Free S&P iS, MUB
0.05% Bond, 1-3 Year Treasury, SHY
-0.04% Latin Am 40, ILF
-0.05% Bond, High-Yield Corporate, HYG
-0.12% Silver Trust iS, SLV
-0.13% Bond Ex-US Treas, BWX
-0.23% South Africa Index, EZA
-0.24% Industrial SPDR, XLI
-0.27% Commodity Tracking, DBC
-0.30% Basic Materials DJ US, IYM
-0.30% China 25 iS, FXI
-0.33% Materials SPDR, XLB
-0.43% Russia MV, RSX
-0.45% Brazil Index, EWZ
-0.52% Metals & Mining SPDR, XME
-0.62% Mexico Index, EWW
-0.67% Malaysia Index, EWM
-0.69% Gold Shares S.T., GLD
-0.73% China LargeCap Growth G D H USX PS, PGJ
-0.75% Sweden Index, EWD
-0.75% Emerging 50 BLDRS, ADRE
-0.75% South Korea Index, EWY
-0.77% Telecom DJ US, IYZ
-0.82% Turkey MSCI iS, TUR
-0.84% Water Resources, PHO
-0.86% Biotech SPDR, XBI
-0.88% United Kingdom Index, EWU
-0.89% Emerging VIPERs, VWO
-0.96% Switzerland Index, EWL
-0.96% Dividend DJ Select, DVY
-0.97% Value LargeCap Dynamic PS, PWV
-0.98% Dividend SPDR, SDY
-1.02% Emerging Markets, EEM
-1.04% Hong Kong Index, EWH
-1.08% DIAMONDS (DJIA), DIA
-1.08% Capital Markets KWB ST, KCE
-1.08% Consumer Staples SPDR, XLP
-1.10% India Earnings WTree, EPI
-1.10% Dividend Appreciation Vipers, VIG
-1.12% WilderHill Clean Energy PS, PBW
-1.14% LargeCap Blend S&P 100, OEF
-1.18% Small Cap EAFE MSCI iS, SCZ
-1.19% Belgium Index, EWK
-1.20% Technology SPDR, XLK
-1.20% Growth 1000 Russell, IWF
-1.23% Netherlands Index, EWN
-1.24% LargeCap VIPERs, VV
-1.25% Blend Total Market VIPERs, VTI
-1.25% Growth S&P 500/BARRA, IVW
-1.25% LargeCap 1000 R, IWB
-1.25% LargeCap Blend Russell 3000, IWV
-1.26% S&P 500 iS LargeCap Blend, IVV
-1.26% Natural Resource iS GS, IGE
-1.28% Dividend International, PID
-1.29% Value MidCap Russell, IWS
-1.29% Value 1000 Russell, IWD
-1.30% S&P 500 SPDRs LargeCap Blend, SPY
-1.31% Value VIPERs, VTV
-1.34% Value S&P 500 B, IVE
-1.36% Growth VIPERs, VUG
-1.36% Technology DJ US, IYW
-1.37% Energy VIPERs, VDE
-1.37% Growth LargeCap NASDAQ 100, QQQQ
-1.37% Energy DJ, IYE
-1.38% MidCap Russell, IWR
-1.43% MidCap S&P 400 iS, IJH
-1.43% Global 100, IOO
-1.44% Growth MidCap Russell, IWP
-1.48% Utilities VIPERs, VPU
-1.49% Homebuilders SPDR, XHB
-1.50% Dividend High Yield Equity PS, PEY
-1.50% MidCap S&P 400 SPDRs, MDY
-1.50% Value MidCap S&P 400 B, IJJ
-1.50% Transportation Av DJ, IYT
-1.51% Growth MidCap 400 B, IJK
-1.53% LargeCap Blend S&P=Weight R, RSP
-1.53% Info Tech VIPERs, VGT
-1.54% Global ex US ACWI iS, ACWX
-1.55% Utilities SPDR, XLU
-1.55% Small Cap VIPERs, VB
-1.56% Growth SmallCap VIPERs, VBK
-1.57% Canada Index, EWC
-1.59% Growth SmallCap R 2000, IWO
-1.60% Value SmallCap VIPERS, VBR
-1.61% Thailand MSCI iS, THD
-1.61% Growth EAFE MSCI, EFG
-1.62% Financial SPDR, XLF
-1.62% Growth BARRA Small Cap 600, IJT
-1.63% Energy SPDR, XLE
-1.64% Health Care SPDR, XLV
-1.68% Financial DJ US, IYF
-1.69% SmallCap S&P 600, IJR
-1.72% Europe 350 S&P Index, IEV
-1.74% India PS, PIN
-1.74% Energy Global, IXC
-1.76% Financial Services DJ, IYG
-1.78% Oil, Crude, U.S. Oil Fund, USO
-1.79% Consumer Discretionary SPDR, XLY
-1.79% Taiwan Index, EWT
-1.80% SmallCap Russell 2000, IWM
-1.80% Japan Index, EWJ
-1.81% EAFE Index, EFA
-1.81% Financials VIPERs, VFH
-1.84% Microcap Russell, IWC
-1.85% Germany Index, EWG
-1.93% Real Estate US DJ, IYR
-1.95% European VIPERs, VGK
-1.96% Value SmallCap Russell 2000, IWN
-1.96% Value EAFE MSCI, EFV
-1.97% Value SmallCap S&P 600, RZV
-1.98% Networking, IGN
-2.00% Pacific VIPERs, VPL
-2.01% Austria Index, EWO
-2.01% Value SmallCap S&P 600 B, IJS
-2.02% Semiconductor iS GS, IGW
-2.08% REIT VIPERs, VNQ
-2.14% Pacific ex-Japan, EPP
-2.15% Semiconductor SPDR, XSD
-2.15% France Index, EWQ
-2.25% EMU Europe Index, EZU
-2.26% Australia Index, EWA
-2.26% REIT Wilshire, RWR
-2.30% Realty Cohen & Steers, ICF
-2.34% Indonesia MV, IDX
-2.45% Italy Index, EWI
-2.65% Singapore Index, EWS
-3.87% Spain Index, EWP