Crude Oil, United States Oil ETF (USO) price crossed below its 50-day SMA on 9/17/13, thereby turning systematically neutral again (from bullish).
On Tuesday, U.S. stock market price indexes started the day moving higher and continued to rise to their highs of the day at 2:05 p.m. Prices then sagged modestly until a small firming in the final 21 minutes brought prices back near the day’s highs at the close. Utilities and Consumer Staples stock sectors were relatively strong. Health Care lagged. Materials were the only sector to close lower.
The S&P 500 Composite Index (SPX: 1,704.76, up 0.40%) 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 fell 12% to a level 19% 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 on the NYSE and the Cumulative Daily Advance-Decline Line on the NYSE both rose again on Tuesday. Both remain systematically bullish above 50-day and 200-day SMAs.
Short-term, day-to-day price momentum has been rising for the past 14 trading days and may be getting overbought. For the medium term, SPX is below its high of 8/2/13, suggesting neutral/sideways price momentum. A large number of technical indicators agree that the stock market has lost upside momentum in recent months.
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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 closing price highs. Apart from the strict form of the Dow Theory, the Transportation Average whipsawed up above its 50-day SMA on 8/27/13 and the Industrial Average whipsawed up above its 50-day SMAs on 9/11/13, so both Averages are systematically bullish again.
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. This year, absolute price of EFA peaked at 64.14 on 5/22/13 and remains in a trading range below that high. Price whipsawed back up above its 50-day SMA on 9/3/13, thereby turning systematically bullish (from neutral).
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 whipsawed around its 50-day SMA since 8/19/13 and is currently systematically bullish above the 50-day SMA.
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 whipsawed around its 50-day SMA since 8/19/13 and is currently systematically bullish above the 50-day SMA.
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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 remains systematically 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: 100.97, 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 of JNK remains systematically bearish, however.
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 has been declining since TIP peaked at 123.44 on 12/6/12 and is currently systematically 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 21.82, 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 crossed below its 50-day SMA on 9/17/13, thereby turning systematically neutral again (from bullish). 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 down below its 50-day SMA on 9/12/13, thereby turning systematically bearish again (from neutral). Support: 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 trend turned systematically neutral (from bearish) on 8/12/13 when price rose above its 50-day SMA. Price has sagged back down near the 50-day SMA, so another drop like the one on 9/12/13 could turn the price trend systematically bearish again. Support 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 down below its 50-day SMA on 9/12/13, thereby turning systematically bearish again (from neutral). 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
9.74% , SWY , SAFEWAY
3.01% , GRMN , GARMIN LTD
4.19% , SVU , SUPERVALU
3.19% , UIS , UNISYS
2.62% , STLD , Steel Dynamics, STLD
2.20% , CHD , Church & Dwight
2.19% , KR , KROGER
3.84% , RYAAY , Ryanair Holdings plc
1.58% , PKI , PERKINELMER
2.30% , MJN , Mead Johnson Nutrition
1.10% , LO , Lorillard, Inc. LO
1.66% , TMO , THERMO ELECTRON
1.05% , SNPS , Synopsys Inc
2.60% , X , US STEEL CORP
0.60% , VPU , Utilities VIPERs, VPU
1.11% , SHLD , SEARS HOLDINGS
1.83% , EBAY , EBAY
1.98% , AA , ALCOA
1.95% , LBTYA , Liberty Global Inc. (LBTYA)
2.74% , AMZN , Amazoncom Inc
1.31% , GNTX , Gentex Corporation
0.97% , CCE , COCA COLA ENTER
1.35% , ALL , ALLSTATE
1.00% , MCK , MCKESSON CORP
1.93% , MCO , MOODYS CORP
2.37% , EA.O , ELECTRONIC ARTS
0.55% , IWP , Growth MidCap Russell, IWP
1.12% , ADM , ARCHER DANIELS
1.69% , XME , Metals & Mining SPDR, XME
0.92% , PPA , Aerospace & Defense, PPA
1.50% , INTC , INTEL
1.68% , BBT , BB&T
0.78% , PNC , PNC FINL SVC
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Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.99% , EPU , Peru MSCI iS, EPU
-3.04% , BMS , BEMIS
-3.77% , S , SPRINT NEXTEL
-4.71% , CTB , COOPER TIRE
-1.04% , DBC , Commodity Tracking, DBC
-0.20% , VAW , Materials VIPERs, VAW
-0.97% , FLEX , Flextronics International Ltd
-1.34% , APD , AIR PRODS & CHEM
-1.40% , AET , AETNA
-0.83% , DBO , Oil Fund PowerShares, DBO
-1.84% , SEE , SEALED AIR
-0.45% , EWY , South Korea Index, EWY
-1.68% , EXPD , Expeditors International WA
-1.03% , SHW , SHERWIN WILLIAMS
-1.41% , CMI , CUMMINS
-2.63% , IP , INTL PAPER
-0.70% , URBN , Urban Outfitters Inc.
-0.56% , K , KELLOGG
-0.87% , DBA , Agriculture DB PS, DBA
-0.75% , CAG , CONAGRA FOODS
-0.43% , EWJ , Japan Index, EWJ
-1.08% , UNH , UNITEDHEALTH GRP
-0.60% , ECL , ECOLAB
-0.14% , TMK , TORCHMARK
-0.37% , TDC , Teradata Corporation, TDC
-0.58% , ROK , ROCKWELL AUTOMAT
-0.90% , GNW , GENWORTH FINANCIAL
-0.37% , CL , COLGATE
-1.10% , NE , NOBLE
-0.43% , TLAB , TELLABS
-0.09% , FRN , Frontier Markets Guggenheim , FRN
-0.22% , AES , AES
-0.17% , HES , AMERADA HESS
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.69% , Metals & Mining SPDR, XME
1.26% , Brazil Index, EWZ
1.26% , Networking, IGN
1.18% , Microcap Russell, IWC
1.09% , Biotech SPDR, XBI
1.04% , SmallCap Growth Russell 2000 iS, IWO
0.99% , SmallCap Blend Russell 2000 iS, IWM
0.98% , Homebuilders SPDR, XHB
0.96% , Growth SmallCap VIPERs, VBK
0.95% , Australia Index, EWA
0.91% , Semiconductor SPDR, XSD
0.89% , Capital Markets KWB ST, KCE
0.88% , SmallCap Value Russell 2000 iS, IWN
0.87% , MidCap Growth S&P 400 iS, IJK
0.86% , Water Resources, PHO
0.83% , SmallCap Growth S&P 600 iS, IJT
0.83% , Bond, 20+ Years Treasury, TLT
0.83% , SmallCap Blend S&P 600 iS, IJR
0.79% , MidCap S&P 400 SPDRs, MDY
0.73% , Info Tech VIPERs, VGT
0.72% , Small Cap VIPERs, VB
0.71% , MidCap Blend S&P 400 iS, IJH
0.71% , SmallCap Value S&P 600 iS, IJS
0.71% , MidCap Value S&P 400 iS, IJJ
0.69% , Pacific ex-Japan, EPP
0.69% , Semiconductor iS IGW, SOXX
0.68% , Latin Am 40, ILF
0.67% , QQQ Nasdaq 100 Trust, QQQ
0.66% , Value SmallCap VIPERS, VBR
0.66% , Dividend U.S. DJ iS, DVY
0.66% , Financial Services DJ, IYG
0.65% , Italy Index, EWI
0.61% , Value MidCap Russell, IWS
0.60% , Utilities VIPERs, VPU
0.60% , Singapore Index, EWS
0.59% , Utilities SPDR, XLU
0.59% , MidCap Russell, IWR
0.58% , China LargeCap Growth G D H USX PS, PGJ
0.58% , Sweden Index, EWD
0.58% , Consumer Discretionary SPDR, XLY
0.56% , LargeCap Growth Russell 1000 iS, IWF
0.56% , LargeCap Blend Russell 3000 iS, IWV
0.56% , Energy VIPERs, VDE
0.55% , Dividend High Yield Equity PS, PEY
0.55% , Growth MidCap Russell, IWP
0.54% , Bond, Emerging Mkt JPM iS, EMB
0.53% , Growth VIPERs, VUG
0.53% , Blend Total Market VIPERs, VTI
0.53% , LargeCap Blend Russell 1000 iS, IWB
0.53% , Energy DJ, IYE
0.51% , LargeCap VIPERs, VV
0.51% , Technology DJ US, IYW
0.50% , Financials VIPERs, VFH
0.50% , Technology SPDR, XLK
0.49% , Financial DJ US, IYF
0.49% , South Africa Index, EZA
0.49% , LargeCap Growth S&P 500 iS, IVW
0.49% , Financial SPDR, XLF
0.48% , Energy & Nat Res iS GS, IGE
0.47% , Telecom DJ US, IYZ
0.47% , LargeCap Blend S&P=Weight R, RSP
0.46% , Netherlands Index, EWN
0.45% , Energy SPDR, XLE
0.45% , S&P 500 SPDRs LargeCap Blend, SPY
0.43% , Emerging 50 BLDRS, ADRE
0.43% , LargeCap Blend S&P 100, OEF
0.43% , EMU Europe Index, EZU
0.43% , Industrial SPDR, XLI
0.41% , LargeCap Value S&P 500 iS, IVE
0.40% , LargeCap Blend S&P 500 iS, IVV
0.39% , Value VIPERs, VTV
0.39% , Bond, TIPS U.S. Treasury iS, TIP
0.38% , Bond, Muni S&P ATM-Free iS, MUB
0.38% , Value LargeCap Dynamic PS, PWV
0.35% , Canada Index, EWC
0.34% , Consumer Staples SPDR, XLP
0.34% , France Index, EWQ
0.33% , LargeCap Value Russell 1000 iS, IWD
0.33% , Dividend SPDR, SDY
0.33% , Bond, High Yield Corp iBoxx iS, HYG
0.32% , Turkey MSCI iS, TUR
0.31% , Dividend Appreciation Vipers, VIG
0.31% , India PS, PIN
0.30% , Bond, High-Yield Junk, JNK
0.30% , Spain Index, EWP
0.27% , Dividend ex-U.S. DJ iS, IDV
0.27% , Bond, Long-Term Corp iBoxx iS, LQD
0.25% , Germany Index, EWG
0.24% , Global LargeCap Blend MSCI iS, ACWI
0.23% , DIAMONDS (DJIA), DIA
0.22% , Energy Global, IXC
0.20% , Bond, 10 Year Treasury, IEF
0.20% , Switzerland Index, EWL
0.15% , Value EAFE MSCI, EFV
0.14% , Transportation Av DJ, IYT
0.14% , Europe 350 S&P Index, IEV
0.13% , Preferred Stock iS, PFF
0.11% , Global ex U.S. LargeCap Blend, ACWX
0.10% , Silver Trust iS, SLV
0.09% , Bond, Intermediate US Aggregate iS, AGG
0.09% , Bond Ex-US Treas, BWX
0.07% , Basic Materials DJ US, IYM
0.06% , Foreign LargeCap EAFE MSCI iS, EFA
0.06% , Global 100, IOO
0.06% , Health Care SPDR, XLV
0.06% , Dividend International, PID
0.06% , European VIPERs, VGK
0.04% , Gold Shares S.T., GLD
0.04% , Bond, 1-3 Year Treasury, SHY
0.03% , Pacific VIPERs, VPL
0.00% , WilderHill Clean Energy PS, PBW
0.00% , Thailand MSCI iS, THD
0.00% , India Earnings WTree, EPI
0.00% , Belgium Index, EWK
0.00% , Bond Treasury Short-Term iS, SHV
-0.01% , Growth EAFE MSCI, EFG
-0.05% , Hong Kong Index, EWH
-0.05% , Austria Index, EWO
-0.06% , Financial Preferred, PGF
-0.06% , REIT VIPERs, VNQ
-0.07% , Emerging VIPERs, VWO
-0.08% , Realty Cohen & Steers, ICF
-0.08% , Real Estate US DJ iS, IYR
-0.08% , SmallCap Blend EAFE MSCI iS, SCZ
-0.09% , Frontier Markets Guggenheim , FRN
-0.10% , Russia MV, RSX
-0.11% , REIT Wilshire, RWR
-0.12% , Chile MSCI iS, ECH
-0.12% , Mexico Index, EWW
-0.22% , Emerging Markets MSCI iS, EEM
-0.28% , Materials SPDR, XLB
-0.35% , Taiwan Index, EWT
-0.40% , Bear, Short S&P 500, SH
-0.43% , Japan Index, EWJ
-0.45% , South Korea Index, EWY
-0.47% , China 25 iS, FXI
-0.50% , United Kingdom Index, EWU
-0.59% , Malaysia Index, EWM
-0.83% , Oil Fund PowerShares, DBO
-0.87% , Agriculture DB PS, DBA
-0.97% , Oil, Crude, U.S. Oil Fund, USO
-1.04% , Commodity Tracking, DBC
-1.84% , Indonesia MV, IDX
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The S&P 500 Composite Potential Resistance
1709.67, high of 8/2/2013
1705.52, high of 9/17/2013
The S&P 500 Composite Potential Support
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
1676.03, low of 7/26/2013
1675.16, 50-day SMA
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
1577.91, 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