“Markets were unsettled by comments from European Union and U.S. officials which indicated that they believe the crisis is worse than previously thought.” — http://www.marketwatch.com/story/japans-nuclear-crisis-persists-2011-03-16
News, comments, opinions, guesses, and disinformation lead to confusion. Here are the knowable actual facts.
Downside momentum accelerated on Wednesday. 5-day price momentum is the worst since 7/2/10. S&P 500 Composite (SPX, 1,256.88) closed down 24.99 points or 1.95%. For the third consecutive trading day, the price decline was confirmed by an increase in trading volume. SPX broke down below 12-week lows at 2:20 p.m. ET when it touched 1249.05, down 32.82 points or 2.56%. The market tried to bounce back for 35 minutes, but the attempt failed. SPX closed nearer its lowest levels of the day and further below its 50-day simple moving average.
Both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average fell below their closing price lows of the previous 10 weeks. This bearish confirmation raises the possibility of a more severe Secondary Reaction downside correction that could stretch out further in time and extend further downward in price.
Industrial SPDR stock sector ETF Relative Strength Ratio (XLI/SPY) whipsawed back under its 50-day SMA and is now neutral again.
Technology SPDR stock sector ETF Relative Strength Ratio (XLK/SPY) fell below 6-month lows. The 50-day SMA of the RS Ratio appears to be heading toward a cross below the 200-day SMA in days ahead, which could be a bearish signal.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 9-month lows, confirming its preexisting bearish trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above its 50-day SMA on 3/16/11, turning bullish. Long term, the ratio rose above 20-year highs on 12/21/10, which confirmed a bullish trend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs, thereby reconfirming its preexisting bullish major trend.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows, confirming a bearish major trend.
U.S. Treasury Bond nearest futures contract price rose further above 3-month highs on 3/16/11 on a continuing flight from risk.
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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
0.94% , TLH , Bond 10-20 Year US Treas, TLH
4.81% , QID , Short 200% QQQ PS, QID
1.59% , XLNX , XILINX
3.83% , SDS , Short 200% S&P 500 PS, SDS
1.18% , WFMI , Whole Foods Market Inc
1.66% , ALTR , ALTERA
1.87% , SH , Short 100% S&P 500, SH
1.66% , CIEN.O , CIENA
1.23% , MYY , Short 100% MidCap 400, MYY
1.13% , TLT , Bond, 20+ Years Treasury, TLT
3.97% , DXD , Short 200% Dow 30 PS, DXD
0.71% , TIP , Bond, TIPS, TIP
2.43% , PSQ , Short 100% QQQ, PSQ
0.91% , BIG , BIG LOTS
0.43% , PXN , Nanotech Lux, PXN
0.32% , MSI , Motorola Solutions, MSI
0.24% , FDO , FAMILY DLR STRS
0.18% , SHY , Bond, 1-3 Year Treasury, SHY
0.15% , PGR , PROGRESSIVE OHIO
0.23% , ACE , ACE
0.33% , BWX , Bond Ex-US Treas, BWX
1.93% , DOG , Short 100% Dow 30, DOG
0.56% , STT , STATE STREET
0.52% , DLTR , Dollar Tree Stores Inc
0.28% , AGG , Bond, Aggregate, AGG
0.25% , PH , PARKER HANNIFIN
0.44% , ABC , AMERISOURCEBERGN
0.60% , LQD , Bond, Corp, LQD
0.31% , GVI , Bond Interm U.S. Gov, GVI
0.40% , MCHP , Microchip Technology Incorporated
0.52% , CHD , Church & Dwight
0.25% , DDS , DILLARD STK A
0.60% , DBC , Commodity Tracking, DBC
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.55% , MTK , Technology MS sT, MTK
-1.40% , IGN , Networking, IGN
-3.96% , FEZ , Euro STOXX 50, FEZ
-3.93% , EWQ , France Index, EWQ
-2.10% , SOXX , Semiconductor iS IGW, SOXX
-1.43% , PEJ , Leisure & Entertainment, PEJ
-4.71% , MTG , MGIC INVESTMENT
-3.70% , EZU , EMU Europe Index, EZU
-2.04% , OEF , LargeCap Blend S&P 100, OEF
-3.48% , IAH , Internet Architecture H, IAH
-4.90% , MHS , MEDCO HEALTH
-1.82% , IVE , Value S&P 500 B, IVE
-2.10% , PPH , Pharmaceutical H, PPH
-3.45% , APA , APACHE
-2.96% , ADRU , Europe 100 BLDRS, ADRU
-4.23% , ATI , ALLEGHENY TECH
-3.79% , IBM , IBM
-0.92% , PMR , Retail, PMR
-3.15% , EMR , EMERSON ELECTRIC
-2.40% , XLG , LargeCap Rydex Rus Top 50, XLG
-1.92% , RKH , Bank Regional H, RKH
-2.30% , TBT , 200% Short US T Bond, TBT
-3.17% , JWN , NORDSTROM
-1.39% , VDC , Consumer Staples VIPERs, VDC
-4.46% , AAPL , APPLE COMPUTER
-3.14% , EWD , Sweden Index, EWD
-4.82% , QLD , Ultra QQQ Double, QLD
-2.23% , IXC , Energy Global, IXC
-1.65% , XSD , Semiconductor SPDR, XSD
-1.28% , IJS , Value SmallCap S&P 600 B, IJS
-0.63% , PWO , OTC Dynamic PS, PWO
-2.61% , PSI , Semiconductors, PSI
-1.83% , VTV , Value VIPERs, VTV
9 major U.S. stock sectors ranked in order of long-term relative strength:
Energy (XLE) Bullish, Over Weight. The Relative Strength Ratio (XLE/SPY) rose further above 15-month highs on 2/23/11, reconfirming its preexisting bullish major trend. Absolute price of XLE rose above 2-year closing price highs on 3/7/11, reconfirming its preexisting bullish major trend. Support 72.90, 72.85, 68.73, 67.49, 65.25, 65.03, 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 79.22, 83.27 and 91.42.
Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) whipsawed back under its 50-day SMA on 3/16/11 and is now neutral again. Absolute price broke down below 9-week lows on 3/16/11 and remains neutral. Support 35.08, 35.03, 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 38.09, 39.02, and 39.97.
Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose above the highs of the previous 10 weeks on 3/10/11 and remains bullish. Absolute price broke down below 6-week lows on 3/16/11 and remains neutral. Support 36.61, 36.13, 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 39.58, 40.02, 40.13, and 40.70.
Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) fell below 5-month lows on 3/10/11 and remains neutral. In addition, absolute price broke down below 14-week lows on 3/15/11 and remains neutral. Support 36.44, 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 40.83 and 41.06.
Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) fell below 6-month lows on 3/16/11. The 50-day SMA of the RS Ratio appears to be heading toward a cross below the 200-day SMA in days ahead, which could be a bearish signal. Absolute price of XLK fell below 14-week lows and remains neutral. Support 24.87, 23.87, 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 26.66, 27.09, 27.43, 27.63, and 28.60.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) broke down below 11-week lows on 3/4/11 and remains bearish. Absolute price broke down below 10-week lows on 3/16/11 and remains neutral. Support 15.39, 15.08, 14.36, 14.25, 14.20, 13.29, and 13.08. Resistance 16.85, 17.20, and 17.87.
Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) rose above the highs of the previous 6 weeks on 3/10/11 and is now neutral. Absolute price broke down below 3-month lows on 3/16/11 and remains neutral. Support 28.22, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 29.96 and 30.29.
Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) rose above the highs of the previous 7 weeks on 3/10/11 and is now neutral. Absolute price broke down below 2-month lows on 3/16/11 and remains neutral. Support 31.43, 30.14, 30.11, 29.87, 28.00, 27.49. Resistance 33.23, 33.37, and 33.74.
Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) ) rose above the highs of the previous 7 weeks on 3/10/11 and is now neutral. Absolute price broke down below 3-month lows on 3/16/11 and remains neutral. Support 30.51, 29.66, 27.91, 27.44, and 25.76. Resistance 32.89, 33.00, 34.89, and 36.24.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell further below 8-month lows on 2/22/11, again reconfirming its bearish trend. The ratio turned bearish from neutral on 2/4/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below 11-month lows on 3/16/11, confirming its preexisting bearish trend.
NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its 50-day SMA on 1/20/11, turning neutral for the short term. Long term, the ratio rose above 10-year highs on 1/18/11, confirming a bullish Primary Tide uptrend.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows on 3/16/11, confirming a bearish major trend.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above its 50-day SMA on 3/16/11, turning bullish. Long term, the ratio rose above 20-year highs on 12/21/10, which confirmed a bullish trend.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above all-time highs on 3/16/11, thereby reconfirming its preexisting bullish major trend. The ratio turned bullish from neutral on 2/7/11, based on the relationships of the ratio itself, its 50-day SMA, and its 200-day SMA.
Crude Oil nearest futures contract price fell below 10-day lows intraday on 3/16/11 but reversed to close higher. Could it signal an end to the 7-day downside shakeout? The larger trend remains bullish: Oil rose above 2-year highs on 3/7/11, thereby reconfirming its preexisting bullish major trend. Support 96.22, 95.14, 87.09, 83.85, 83.55, 80.28, 80.06, 79.84, 79.25, 78.86, 73.52, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 101.87, 106.95, 110.30, 111.34, 120.42, 130.0, and 147.27.
Gold nearest futures contract price consolidated losses after falling below 3-week lows on 3/15/11, which again confirmed a short-term, minor shakeout. The larger trend remains bullish: Gold rose above all-time highs on 3/7/11, thereby reconfirming its preexisting bullish major trend. Support 1351.4, 1309.1, 1307.7, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1445.7.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) crossed below its 200-day and 50-day simple moving averages on 3/7/11 and 3/8/11, thereby turning bearish.
Silver nearest futures contract price consolidated losses after falling below 2-week lows on 3/15/11, which again confirmed a short-term, minor shakeout. The larger trend remains bullish: Silver rose above previous 31-year highs on 3/7/11, again reconfirming its preexisting bullish major trend. Support 33.565, 31.695, 31.61, 30.265, 29.635, 26.30, 24.98, and 22.84. Resistance: 36.745 and 50.
Silver/Gold Ratio rose above 27-year highs on 3/11/11, again reconfirming its preexisting bullish major trend.
Copper nearest futures contract price consolidated losses after falling below 3-month lows on 3/15/11, which again confirmed a downside correction. Strength in Copper suggests confidence in the economic outlook, while weakness suggests doubts. Support 4.076, 3.9795, 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance: 4.245, 4.554, 4.6495, and 4.6575.
U.S. Treasury Bond nearest futures contract price rose further above 3-month highs on 3/16/11 on a continuing flight from risk. Still, the intermediate-term trend is technically bullish. Support, 119.24, 118.05, 117.04, 116.26, 115.15, 114.06, 113.04, and 112.15. Resistance 123.26, 128.00 129.14, 129.27, 132.26, 133.00, 135.12, 135.19, 136.31, 137.31, and 142.31.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) turned neutral on 3/10/11 by falling below 6-week lows and below its 50-day SMA. JNK absolute price also turned neutral by falling below 7-week lows and below its 50-day SMA.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has been in a rising trend since making a low on 8/24/10, even as absolute price of TIP has declined. A rising Relative Strength Ratio implies that fixed-income investors have been selling inflation protected TIPs at a relatively more subdued pace since 8/24/10, compared to the more severe price drop of the 7-10 Year U.S. Treasury Note ETF (IEF).
The U.S. dollar nearest futures contract price has hesitated just above its recent low of 76.405 set on 3/7/11 — a break of that level would confirm the preexisting bearish trend. USD fell below the lows of the previous 4 months on 3/7/11, again reconfirming its preexisting intermediate-term downtrend. Long term, USD fell below 11-month lows on 11/3/10, confirming a major downtrend. Support 76.405, 76.145, 75.235, 74.27, and 70.80. Resistance 77.675, 78.98, 79.34, 81.635, 81.935, 82.02, 83.64, 84.73, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 52.2% Bulls versus 22.3% Bears as of 3/16/11, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio fell to 2.34, down from 2.47 the previous week and down from 3.00 on 1/12/11. These numbers do not fully reflect probable change in sentiment since the tsunami severely damaged the nuclear power plant in Japan. The 20-year range is 0.41 to 3.74, the median is 1.56, and the mean is 1.63.
VIX Fear Index broke out above its 6 months trading range in the 16-24 zone on Tuesday and is now at 29.40, indicating an upsurge in fear among options players. 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 reconfirmed a Primary Tide Bull Market as of 2/17/11, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above closing price highs of the previous 2-years. The Dow Theory originally 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. While other Dow Theorists were fooled by the big downside Secondary Reaction in May and June 2010 and called a “Bear Market”, my interpretation of the Dow Theory has been steadily Bullish on the Primary Tide Trend every day since 7/23/09.
On 3/16/11, both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average fell below their closing price lows of the previous 10 weeks. This bearish confirmation raises the possibility of a more severe Secondary Reaction downside correction that could stretch out further in time and extend further downward in price.
S&P 500 Composite (SPX, 1,256.88) closed down 24.99 points or 1.95%. For the third consecutive trading day, the price decline was confirmed by an increase in trading volume. SPX broke down below 12-week lows at 2:20 p.m. ET when it touched 1249.05, down 32.82 points or 2.56%. The market tried to bounce back for 35 minutes, but the attempt failed. SPX closed nearer its lowest levels of the day and further below its 50-day simple moving average.
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
1344.07, high of 2/18/11
1332.28, high of 3/3/11
S&P 500 Cash Index Potential Support
1249.05, low of 3/16/11
1246.73, high of 12/13/10
1238.81, Fibonacci 78.6% of 1,576.09 high
1235.05, high of 12/7/10
1232.85, low of 12/16/10
1228.74, Fibonacci 61.8% of 2007-2009 range
1227.08, high of 11/5/10
1173.00, low of 11/16/10
1171.70, low of 10/27/10
1166.74, low of 10/20/10
1159.71, low of 10/19/10
1,151.41, low of 10/7/10
1,131.87, low of 10/4/10
1122.79, low of 9/23/2010
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
1.13% Bond, 20+ Years Treasury, TLT
0.85% Bond, 10 Year Treasury, IEF
0.84% Oil Fund PowerShares, DBO
0.73% Oil, Crude, U.S. Oil Fund, USO
0.71% Bond, TIPS, TIP
0.60% Bond, Corp, LQD
0.60% Commodity Tracking, DBC
0.36% Bond Muni ATM-Free S&P iS, MUB
0.33% Bond Ex-US Treas, BWX
0.28% Bond, Aggregate, AGG
0.18% Bond, 1-3 Year Treasury, SHY
0.16% Agriculture DB PS, DBA
-0.01% Bond Treasury Short-Term iS, SHV
-0.02% Gold Shares S.T., GLD
-0.25% Preferred Stock iS, PFF
-0.28% Financial Preferred, PGF
-0.43% Bond EmrgMkt JPM iS, EMB
-0.62% Bond, High-Yield Corporate, HYG
-0.71% Silver Trust iS, SLV
-0.73% Bond, High-Yield Junk, JNK
-0.90% Growth SmallCap R 2000, IWO
-0.91% Canada Index, EWC
-0.95% Growth MidCap 400 B, IJK
-0.97% Biotech SPDR, XBI
-1.00% SmallCap Russell 2000, IWM
-1.03% India PS, PIN
-1.04% Growth SmallCap VIPERs, VBK
-1.04% Value MidCap S&P 400 B, IJJ
-1.04% MidCap S&P 400 SPDRs, MDY
-1.05% MidCap S&P 400 iS, IJH
-1.05% Dividend High Yield Equity PS, PEY
-1.11% Telecom DJ US, IYZ
-1.13% Small Cap VIPERs, VB
-1.14% Malaysia Index, EWM
-1.16% Value SmallCap VIPERS, VBR
-1.16% India Earnings WTree, EPI
-1.17% SmallCap S&P 600, IJR
-1.17% Microcap Russell, IWC
-1.18% WilderHill Clean Energy PS, PBW
-1.19% Value SmallCap Russell 2000, IWN
-1.20% Growth BARRA Small Cap 600, IJT
-1.27% Growth MidCap Russell, IWP
-1.28% Value SmallCap S&P 600 B, IJS
-1.29% Chile MSCI iS, ECH
-1.31% Real Estate US DJ, IYR
-1.33% Dividend SPDR, SDY
-1.33% MidCap Russell, IWR
-1.33% Singapore Index, EWS
-1.35% Metals & Mining SPDR, XME
-1.37% Switzerland Index, EWL
-1.38% Realty Cohen & Steers, ICF
-1.40% Networking, IGN
-1.41% Dividend DJ Select, DVY
-1.42% Water Resources, PHO
-1.43% Consumer Staples SPDR, XLP
-1.43% Basic Materials DJ US, IYM
-1.47% Russia MV, RSX
-1.47% Value MidCap Russell, IWS
-1.47% REIT VIPERs, VNQ
-1.52% Utilities VIPERs, VPU
-1.53% Dividend Appreciation Vipers, VIG
-1.54% Transportation Av DJ, IYT
-1.57% Utilities SPDR, XLU
-1.59% REIT Wilshire, RWR
-1.60% Energy SPDR, XLE
-1.61% Energy VIPERs, VDE
-1.62% Energy & Nat Res iS GS, IGE
-1.65% Semiconductor SPDR, XSD
-1.66% LargeCap Blend S&P=Weight R, RSP
-1.67% Value 1000 Russell, IWD
-1.67% Financial DJ US, IYF
-1.68% Value LargeCap Dynamic PS, PWV
-1.70% Consumer Discretionary SPDR, XLY
-1.71% LargeCap Blend Russell 3000, IWV
-1.73% Blend Total Market VIPERs, VTI
-1.74% Health Care SPDR, XLV
-1.74% Financials VIPERs, VFH
-1.76% LargeCap 1000 R, IWB
-1.82% Value S&P 500 B, IVE
-1.82% LargeCap VIPERs, VV
-1.82% Growth VIPERs, VUG
-1.83% Value VIPERs, VTV
-1.85% Financial Services DJ, IYG
-1.85% Financial SPDR, XLF
-1.86% S&P 500 SPDRs LargeCap Blend, SPY
-1.86% Industrial SPDR, XLI
-1.87% S&P 500 iS LargeCap Blend, IVV
-1.89% South Korea Index, EWY
-1.89% Capital Markets KWB ST, KCE
-1.90% Growth 1000 Russell, IWF
-1.91% Energy DJ, IYE
-1.92% DIAMONDS (DJIA), DIA
-1.97% Growth S&P 500/BARRA, IVW
-1.98% Brazil Index, EWZ
-2.00% Austria Index, EWO
-2.01% Dividend International, PID
-2.01% Materials SPDR, XLB
-2.04% LargeCap Blend S&P 100, OEF
-2.04% Emerging Markets, EEM
-2.09% Emerging 50 BLDRS, ADRE
-2.10% Semiconductor iS IGW, SOXX
-2.16% Emerging VIPERs, VWO
-2.17% Mexico Index, EWW
-2.21% Small Cap EAFE MSCI iS, SCZ
-2.23% Energy Global, IXC
-2.23% Frontier Markets Guggenheim , FRN
-2.26% Pacific ex-Japan, EPP
-2.26% Homebuilders SPDR, XHB
-2.28% China LargeCap Growth G D H USX PS, PGJ
-2.29% Australia Index, EWA
-2.35% Latin Am 40, ILF
-2.41% Growth LargeCap NASDAQ 100, QQQQ
-2.43% Silver Miners Global X, SIL
-2.44% Technology SPDR, XLK
-2.47% China 25 iS, FXI
-2.49% Global 100, IOO
-2.52% Info Tech VIPERs, VGT
-2.52% Hong Kong Index, EWH
-2.53% Taiwan Index, EWT
-2.55% Technology DJ US, IYW
-2.69% South Africa Index, EZA
-2.71% Thailand MSCI iS, THD
-2.77% Global ex US ACWI iS, ACWX
-2.91% Growth EAFE MSCI, EFG
-2.97% Belgium Index, EWK
-2.98% Pacific VIPERs, VPL
-3.07% Netherlands Index, EWN
-3.07% Europe 350 S&P Index, IEV
-3.10% EAFE Index, EFA
-3.14% Sweden Index, EWD
-3.16% European VIPERs, VGK
-3.22% Value EAFE MSCI, EFV
-3.24% United Kingdom Index, EWU
-3.28% Indonesia MV, IDX
-3.57% Germany Index, EWG
-3.70% EMU Europe Index, EZU
-3.74% Japan Index, EWJ
-3.76% Turkey MSCI iS, TUR
-3.93% France Index, EWQ
-4.06% Spain Index, EWP
-4.35% Italy Index, EWI
