On Wednesday, U.S. stock market price indexes started the day slightly lower and continued mildly lower to their lows of the day at 12:21 p.m. Prices then drifted slightly higher until 2:00 p.m., when the Fed surprised the markets with no tapering. Prices jumped up to their highs at 3:03 p.m. and then drifted slightly lower into the close.
The S&P 500 Composite Index (SPX: 1,725.52, up 1.22%) closed above the open, above the midpoint of the day’s high-low range, and above its widely-watched 50-day and 200-day SMAs.
NYSE total volume rose 50% to a level 21% above 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 on the NYSE and the Cumulative Daily Advance-Decline Line on the NYSE both rose for the 4th consecutive trading day on Wednesday. Both remain systematically bullish above 50-day and 200-day SMAs.
Short-term, day-to-day price momentum has been rising for the past 15 trading days and accelerated to the upside on Wednesday. For the medium term and long term, SPX rose above all previous highs, suggesting bullish price momentum in all time frames.
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) is systematically bullish. XLY/SPY whipsawed back up above its 50-day SMA on 9/10/13, thereby turning systematically bullish (from neutral). 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 up above its 50-day SMA on 9/6/13, thereby turning systematically bullish (from neutral). Support: 57.76, 57.31, 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: 61.74.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) is systematically bullish. XLV/SPY whipsawed back up above its 50-day SMA on 8/19/13, thereby turning systematically bullish (from neutral). Absolute price whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically bullish (from neutral). Support: 48.82, 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: 52.12.
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 up above its 50-day SMA on 9/16/13, thereby turning systematically bullish (from neutral). Support: 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.
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 back up above its 50-day SMA on 9/4/13, thereby turning systematically bullish (from neutral). Support: 43.93, 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: 47.70.
Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) turned systematically neutral (from bearish) on 8/23/13 when XLE/SPY whipsawed back up above its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 8/28/13, thereby turning systematically bullish (from neutral). Support: 79.83, 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: 85.68 and 91.42.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) turned systematically neutral (from bearish) on 8/8/13 when XLB/SPY crossed back up above its 50-day SMA. Absolute price remains systematically bullish. Support: 40.18, 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: 43.55, 45.21, and 46.54.
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 whipsawed back up above its 50-day SMA on 9/16/13, thereby turning systematically bullish (from neutral). Support 39.05, 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.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) turned systematically bearish (from neutral) on 9/16/13 when XLK/SPY crossed back down below its 50-day SMA. Absolute price whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically bullish (from neutral). Support: 31.29, 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: 32.82, 34.85, 36.40, and 39.07.
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 whipsawed back up above its 50-day SMA and 200-day SMAs on 9/18/13, thereby turning systematically bullish (from neutral). Support: 36.51, 35.80, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.81, 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 9/18/13, when the Dow-Jones Industrial Average and the Dow-Jones Transportation Average both closed at new closing price highs.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) turned systematically bullish on 8/26/13, when the 50-day SMA crossed above the 200-day SMA, but Relative Strength has turned lower since then. Absolute price of QQQ rose above its 50-day SMA on 7/5/13, thereby turning systematically bullish (from neutral).
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) whipsawed back up above its 50-day SMA on 8/30/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains far below the 200-day SMA, and BKF/SPY fell below the lows of the previous 4 years on 8/7/13. BKF/SPY has underperformed since it peaked on 10/14/2010. Absolute price of BKF peaked at 42.29 on 2/1/13, fell to a 20-month low at 32.62 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains far below the 200-day SMA, and EEM/SPY fell below the lows of the previous 4 years on 7/10/13. EEM/SPY has underperformed since the ratio peaked on 10/14/2010. This year, absolute price of EEM peaked at 45.34 on 1/2/13, fell to a 19-month low of 36.16 on 6/24/13, and whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically neutral (from bearish).
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically neutral (from bearish). The 50-day SMA remains below the 200-day SMA. For nearly 6 years, from 11/27/07 to 7/9/13, EFA/SPY underperformed. Absolute price of EFA rose above its 5-year high of 64.14 on 9/18/13 and remains systematically bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) whipsawed back down below its 50-day SMA on 8/20/13, thereby turning systematically bearish (from neutral). 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) is systematically bullish. IWM/SPY whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically bullish (from neutral). Absolute price remains systematically bullish.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) is systematically bullish. MDY /SPY whipsawed back up above its 50-day SMA on 9/17/13, thereby turning systematically bullish (from neutral). Absolute price remains systematically bullish.
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price remains systematically bearish. Momentum indicators RSI and MACD based on the TLT price held above their June lows as price fell to lower lows in August, thereby indicating bullish momentum divergence compared to price itself. Long term, the 33-year trend is still indicating rising bond prices. Support 102.11, 100.00, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 106.68, 107.63, 109.69, 110.80, 114.77, 118.94, 121.32, 124.26, 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 50-day SMA on 9/18/13, thereby turning systematically neutral (from bearish). Momentum indicators RSI and MACD based on the IEF price held above their June lows as price fell to lower lows, thereby continuing to demonstrate bullish momentum divergence compared to price itself. Long term, the 33-year trend is still indicating rising prices. Support 98.60, 98.19, 97.66, 91.94, 91.07, 88.12, 87.70, 87.49, 86.59, and 85.80. Resistance: 101.88, 102.27, 102.86, 107.62, 108.24, 109.17, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) whipsawed back up above its 50-day SMA on 9/4/13, thereby turning systematically bullish (from neutral). Absolute price remains systematically neutral.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) has been whipsawing around the 50-day SMA since 7/16/13, going from bearish to neutral and back again. Currently, it is systematically neutral, but it could easily turn bearish again. Absolute price of TIP rose above its 50-day SMA on 9/18/13, thereby turning systematically neutral (from bearish).
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) price turned systematically bearish (from neutral) on 9/12/13 when its 50-day SMA crossed below its 200-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 21.53, 21.07, and 20.84. Resistance 22.34, 22.98, 23.14, 23.52, 25.84, 27.19, and 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price turned systematically bearish (from neutral) on 1/11/13 when its 50-day SMA crossed below its 200-day SMA. Price is currently slightly above its 50-day SMA, which is neutral. Price could easily slip back below its 50-day SMA, which would make it systematically bearish again., 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 whipsawed back up above its 50-day SMA on 9/18/13, thereby turning systematically bullish again (from neutral). Support 36.99, 36.35, 32.53, 32.12, 30.79, 29.02, 26.28, and 22.74. Resistance 39.54, 39.64, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price whipsawed back up above its 50-day SMA on 9/18/13, thereby turning systematically neutral again (from bearish). Support: 125.15, 123.55, 122.73, 114.68, 113.08 and 102.28. Resistance: 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 absolute price peaked at 66.98 on 9/9/11. Longer term, GDX/GLD has remained mostly bearish for more than 7 years, since 9/5/06.
Silver, iShares Silver Trust ETF (SLV) price crossed back above its 50-day SMA on 8/9/13, thereby turning systematically neutral (from bearish). Support 20.45, 18.71, 17.75, 16.73, 14.37, 12.27, 11.64, and 8.45. Resistance: 23.84, 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). SLV underperformed GLD for more than 2 years from 4/28/11 to 7/30/13.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price whipsawed back up above its 50-day SMA on 9/18/13, thereby turning systematically neutral again (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. “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
11.05% , SIL , Silver Miners Global X, SIL
1.00% , JKF , Value LargeCap iS M, JKF
6.44% , SLV , Silver Trust iS, SLV
5.00% , EPI , India Earnings WTree, EPI
5.58% , PIN , India PS, PIN
5.61% , TUR , Turkey MSCI iS, TUR
1.39% , VUG , Growth VIPERs, VUG
5.71% , THD , Thailand MSCI iS, THD
3.88% , EWP , Spain Index, EWP
2.37% , EMB , Bond EmrgMkt JPM iS, EMB
6.54% , LEN , Lennar Corp. (LEN)
6.92% , DHI , D.R. HORTON, DHI
8.24% , NEM , NEWMONT MINING
4.39% , IAU , Gold COMEX iS, IAU
3.49% , IYR , Real Estate US DJ, IYR
9.22% , ADBE , ADOBE SYS
3.56% , DLTR , Dollar Tree Stores Inc
5.63% , AON , AON
8.22% , KBH , KB HOME
4.36% , GLD , Gold Shares S.T., GLD
5.07% , EWZ , Brazil Index, EWZ
5.47% , PHM , PULTE HOMES
4.63% , EWM , Malaysia Index, EWM
4.77% , ILF , Latin Am 40, ILF
5.03% , FDX , FEDEX
4.61% , EZA , South Africa Index, EZA
4.53% , AIV , APT INV MNGMT
4.29% , PLD , PROLOGIS TRUST
2.93% , EWQ , France Index, EWQ
2.98% , XLU , Utilities SPDR, XLU
4.20% , EEM , Emerging Markets, EEM
1.47% , LQD , Bond, Corp, LQD
2.52% , VGK , European VIPERs, VGK
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-4.64% , ESRX , EXPRESS SCRIPTS
-4.40% , WLP , WELLPOINT HEALTH
-2.95% , CI , CIGNA
-2.40% , PST , 200% Short Bond 7-10 Yr T, PST
-2.31% , ZION , ZIONS
-2.01% , MZZ , Short 200% MidCap 400 PS, MZZ
-5.65% , SCHW.K , CHARLES SCHWAB, SCHW.O
-2.52% , QID , Short 200% QQQ PS, QID
-2.86% , ETFC , E*TRADE FINANCIAL
-2.35% , SDS , Short 200% S&P 500 PS, SDS
-2.49% , TBT , 200% Short US T Bond, TBT
-2.51% , MET , METLIFE
-2.47% , LNC , LINCOLN NATL
-1.19% , SH , Short 100% S&P 500, SH
-2.66% , HUM , HUMANA
-1.94% , DXD , Short 200% Dow 30 PS, DXD
-1.70% , PRU , PRUDENTIAL FINL
-0.96% , DOG , Short 100% Dow 30, DOG
-1.75% , HOLX , Hologic, Inc., HOLX
-1.45% , FII , FED INVESTORS STK B
-0.64% , FNP , Fifth & Pacific Cos., FNP
-1.60% , CMA , COMERICA
-0.87% , LH , LAB CRP OF AMER
-1.08% , HIG , HARTFORD FINL
-0.74% , CVS , CVS
-0.68% , COL , ROCKWELL COLLINS
-1.71% , UNH , UNITEDHEALTH GRP
-2.11% , RYAAY , Ryanair Holdings plc
-1.73% , DLX , DELUXE
-0.26% , JWN , NORDSTROM
-0.48% , WPO , Washington Post
-2.68% , EA.O , ELECTRONIC ARTS
-1.15% , HBAN , HUNTINGTON
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
8.60% , Indonesia MV, IDX
6.44% , Silver Trust iS, SLV
5.71% , Thailand MSCI iS, THD
5.61% , Turkey MSCI iS, TUR
5.58% , India PS, PIN
5.31% , Chile MSCI iS, ECH
5.07% , Brazil Index, EWZ
5.00% , India Earnings WTree, EPI
4.77% , Latin Am 40, ILF
4.63% , Malaysia Index, EWM
4.61% , South Africa Index, EZA
4.36% , Gold Shares S.T., GLD
4.20% , Emerging Markets MSCI iS, EEM
4.09% , Russia MV, RSX
4.09% , South Korea Index, EWY
4.04% , Emerging VIPERs, VWO
4.02% , Metals & Mining SPDR, XME
4.00% , Mexico Index, EWW
3.88% , Spain Index, EWP
3.68% , Realty Cohen & Steers, ICF
3.51% , REIT Wilshire, RWR
3.49% , Real Estate US DJ iS, IYR
3.39% , REIT VIPERs, VNQ
3.35% , Italy Index, EWI
3.14% , Homebuilders SPDR, XHB
3.08% , Frontier Markets Guggenheim , FRN
3.07% , Japan Index, EWJ
3.07% , Emerging 50 BLDRS, ADRE
2.98% , Utilities SPDR, XLU
2.95% , Utilities VIPERs, VPU
2.93% , France Index, EWQ
2.89% , Sweden Index, EWD
2.88% , Singapore Index, EWS
2.82% , Pacific VIPERs, VPL
2.77% , EMU Europe Index, EZU
2.76% , Belgium Index, EWK
2.74% , Growth EAFE MSCI, EFG
2.72% , Global ex U.S. LargeCap Blend, ACWX
2.72% , Hong Kong Index, EWH
2.71% , Switzerland Index, EWL
2.67% , Foreign LargeCap EAFE MSCI iS, EFA
2.65% , Pacific ex-Japan, EPP
2.65% , Value EAFE MSCI, EFV
2.62% , Australia Index, EWA
2.58% , Germany Index, EWG
2.53% , Europe 350 S&P Index, IEV
2.52% , European VIPERs, VGK
2.50% , Austria Index, EWO
2.49% , Oil, Crude, U.S. Oil Fund, USO
2.43% , SmallCap Blend EAFE MSCI iS, SCZ
2.41% , Dividend ex-U.S. DJ iS, IDV
2.37% , Bond, Emerging Mkt JPM iS, EMB
2.31% , Materials SPDR, XLB
2.21% , Netherlands Index, EWN
2.18% , Commodity Tracking, DBC
2.10% , Basic Materials DJ US, IYM
2.10% , China LargeCap Growth G D H USX PS, PGJ
2.03% , Global LargeCap Blend MSCI iS, ACWI
2.01% , Taiwan Index, EWT
1.95% , China 25 iS, FXI
1.91% , Water Resources, PHO
1.90% , United Kingdom Index, EWU
1.81% , Global 100, IOO
1.74% , Energy & Nat Res iS GS, IGE
1.71% , Oil Fund PowerShares, DBO
1.69% , WilderHill Clean Energy PS, PBW
1.61% , Dividend International, PID
1.51% , Transportation Av DJ, IYT
1.47% , Bond, Long-Term Corp iBoxx iS, LQD
1.45% , Energy Global, IXC
1.45% , Dividend U.S. DJ iS, DVY
1.44% , Canada Index, EWC
1.43% , Dividend SPDR, SDY
1.39% , Bond Ex-US Treas, BWX
1.39% , Growth VIPERs, VUG
1.38% , Value MidCap Russell, IWS
1.38% , Technology DJ US, IYW
1.35% , LargeCap Growth S&P 500 iS, IVW
1.34% , Dividend Appreciation Vipers, VIG
1.33% , Bond, TIPS U.S. Treasury iS, TIP
1.30% , Financial Preferred, PGF
1.28% , Dividend High Yield Equity PS, PEY
1.26% , Technology SPDR, XLK
1.26% , Industrial SPDR, XLI
1.25% , Info Tech VIPERs, VGT
1.24% , Bond, 10 Year Treasury, IEF
1.23% , Bond, 20+ Years Treasury, TLT
1.22% , LargeCap Blend S&P=Weight R, RSP
1.22% , LargeCap Growth Russell 1000 iS, IWF
1.21% , Energy SPDR, XLE
1.20% , QQQ Nasdaq 100 Trust, QQQ
1.19% , LargeCap Blend S&P 100, OEF
1.19% , Consumer Staples SPDR, XLP
1.19% , SmallCap Value S&P 600 iS, IJS
1.18% , LargeCap VIPERs, VV
1.17% , LargeCap Blend S&P 500 iS, IVV
1.17% , LargeCap Blend Russell 3000 iS, IWV
1.17% , Blend Total Market VIPERs, VTI
1.16% , MidCap Russell, IWR
1.16% , S&P 500 SPDRs LargeCap Blend, SPY
1.15% , Consumer Discretionary SPDR, XLY
1.13% , SmallCap Value Russell 2000 iS, IWN
1.12% , Financials VIPERs, VFH
1.12% , LargeCap Blend Russell 1000 iS, IWB
1.11% , LargeCap Value Russell 1000 iS, IWD
1.11% , Energy DJ, IYE
1.10% , Financial DJ US, IYF
1.09% , LargeCap Value S&P 500 iS, IVE
1.08% , Energy VIPERs, VDE
1.08% , Preferred Stock iS, PFF
1.07% , Value SmallCap VIPERS, VBR
1.04% , MidCap Blend S&P 400 iS, IJH
1.03% , MidCap Growth S&P 400 iS, IJK
1.02% , Value VIPERs, VTV
1.00% , Growth MidCap Russell, IWP
0.99% , Bond, Muni S&P ATM-Free iS, MUB
0.98% , Small Cap VIPERs, VB
0.97% , MidCap Value S&P 400 iS, IJJ
0.97% , SmallCap Growth S&P 600 iS, IJT
0.97% , Growth SmallCap VIPERs, VBK
0.96% , SmallCap Blend S&P 600 iS, IJR
0.96% , Bond, High Yield Corp iBoxx iS, HYG
0.95% , SmallCap Blend Russell 2000 iS, IWM
0.94% , Telecom DJ US, IYZ
0.92% , Agriculture DB PS, DBA
0.91% , Networking, IGN
0.91% , SmallCap Growth Russell 2000 iS, IWO
0.91% , MidCap S&P 400 SPDRs, MDY
0.90% , Bond, High-Yield Junk, JNK
0.90% , DIAMONDS (DJIA), DIA
0.89% , Semiconductor iS IGW, SOXX
0.88% , Financial SPDR, XLF
0.84% , Bond, Intermediate US Aggregate iS, AGG
0.83% , Microcap Russell, IWC
0.71% , Semiconductor SPDR, XSD
0.66% , Biotech SPDR, XBI
0.64% , Value LargeCap Dynamic PS, PWV
0.62% , Health Care SPDR, XLV
0.61% , Financial Services DJ, IYG
0.14% , Capital Markets KWB ST, KCE
0.13% , Bond, 1-3 Year Treasury, SHY
0.01% , Bond Treasury Short-Term iS, SHV
-1.19% , Bear, Short S&P 500, SH
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1729.44, high of 9/18/2013
The S&P 500 Composite Potential Support
1709.67, high of 8/2/2013
1700.18, high of 8/8/2013
1698.78, high of 7/23/2013
1696.81, high of 8/13/2013
1691.70, low of 9/16/2013
1689.97, high of 9/12/2013
1687.18, high of 5/22/2013
1676.62, 50-day SMA
1676.03, low of 7/26/2013
1672.40, high of 9/9/2013
1671.84, low of 7/16/2013
1669.51, high of 8/26/2013
1654.19, high of 6/18/2013
1654.18, high of 7/9/2013
1652.62, Fib 38.2% of Jun-Aug 2013
1652.61, low of 8/16/2013
1635.00, Fib 50.0% of Jun-Aug 2013
1629.05, low of 08/27/2013
1617.38, Fib 61.8% of Jun-Aug 2013
1606.04, Fib 23.6% of Nov-May 2013
1592.29, Fib 78.6% of Jun-Aug 2013
1579.46, 200-day SMA
1560.33, low of 6/24/2013
1556.24, Equal Waves Projection
1555.84, Fib 38.2% of Nov-May 2013
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
