Stock Market Commentary

Stock Market: after 4 days up, a little hesitation or pullback is normal.

NASDAQ Composite Relative Strength Ratio compared to the S&P 500 has turned down since 7/23/09 and broke down below the lows of the previous 10 weeks on 8/24/09.

Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) broke down below the lows of the previous 5 weeks on 8/24/07.

Crude price continued its uptrend.

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
% Price Change, Symbol, Name
41.67% , FNM , FANNIE MAE
4.00% , TBH , Telebras HOLDRS, TBH
18.50% , FRE , FREDDIE MAC
2.27% , ADRU , Europe 100 BLDRS, ADRU
0.33% , IAH , Internet Architecture H, IAH
7.96% , ABK , AMBAC FINL GRP
8.11% , AMD , ADV MICRO DEV
0.96% , EWI , Italy Index, EWI
5.16% , SLM , SLM CORP
5.25% , LPX , LOUISIANA PAC
3.29% , HMA , HEALTH MGMT STK A
5.78% , UIS , UNISYS
3.51% , MHP , MCGRAW HILL
2.47% , EP , EL PASO
0.27% , UTH , Utilities H, UTH
2.44% , HUM , HUMANA
2.66% , UNH , UNITEDHEALTH GRP
1.14% , NVLS , NOVELLUS SYS
4.44% , HGSI , Human Genome Sciences Inc
2.62% , HON , HONEYWELL INTL
0.92% , BIG , BIG LOTS
3.16% , EWO , Austria Index, EWO
1.17% , PXN , Nanotech Lux, PXN
0.39% , EFV , Value EAFE MSCI, EFV
2.92% , LAMR , Lamar Advertising Company
1.34% , RAI , RJR TOBACCO HLDS
1.20% , EWT , Taiwan Index, EWT
0.34% , EWK , Belgium Index, EWK
2.38% , HIG , HARTFORD FINL
1.32% , TEVA , Teva Pharmaceutical Industries Limited
2.47% , ASH , ASHLAND
2.00% , DELL , DELL
1.12% , AES , AES
1.30% , VDE , Energy VIPERs, VDE
1.80% , RFMD , RF Micro Devices Inc
0.81% , COL , ROCKWELL COLLINS
3.68% , XL , XL CAPITAL STK A
2.51% , CBS , CBS CORP.
2.75% , BA , BOEING
1.12% , TNB , THOMAS & BETTS

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-3.46% , KSU , Kansas City Southern, KSU
-2.38% , BHH , Internet B2B H, BHH
-0.22% , JKI , Value MidCap iS M, JKI
-4.26% , F , FORD MOTOR
-1.80% , RKH , Bank Regional H, RKH
-0.56% , JKL , Value SmallCap iS M, JKL
-0.44% , DGT , Global Titans, DGT
-4.08% , PNC , PNC FINL SVC
-4.48% , BBY , BEST BUY
-0.89% , XSD , Semiconductor SPDR, XSD
-3.75% , STI , SUNTRUST BANKS
-2.98% , GNTX , Gentex Corporation
-0.86% , VAW , Materials VIPERs, VAW
-4.39% , MI , MARSHAL & ILSLEY
-5.24% , SNV , SYNOVUS
-2.50% , COH , COACH
-2.25% , MRVL , MARVELL TECHNOLOGY
-3.57% , FITB , FIFTH THIRD BANC
-1.89% , AMAT , APPLIED MATERIAL
-0.48% , IXP , Telecommunications Global, IXP
-0.16% , DSG , Growth Small Cap DJ, DSG
-1.79% , S , SPRINT NEXTEL
-1.43% , IAU , Gold COMEX iS, IAU
-0.29% , JKG , MidCap Blend Core iS M, JKG
-1.21% , ISIL , INTERSIL CORP
-3.15% , SHLD , SEARS HOLDINGS
-0.25% , PKB , Building & Construction, PKB
-1.24% , CSX , CSX
-0.20% , PZJ , SmallCap PS Zacks, PZJ
-1.30% , PST , 200% Short Bond 7-10 Yr T, PST
-2.90% , CIT , CIT GROUP
-1.33% , SPLS , STAPLES
-0.49% , RZV , Value SmallCap S&P 600, RZV
-1.70% , KO , COCA COLA
-2.38% , SBUX , STARBUCKS
-0.98% , ADM , ARCHER DANIELS
-3.47% , RYAAY , Ryanair Holdings plc
-0.41% , IJK , Growth MidCap 400 B, IJK
-5.23% , GT , GOODYEAR TIRE
-0.82% , IYF , Financial DJ US, IYF

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

Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) turned down after 7/22/09. XLK was so strong from 12/31/08 to 7/22/09 that it still ranks high in this long-term relative strength ranking. XLK/SPY rose to its highest level in 7 years on 7/22/09, confirming a long-term uptrend in effect since 9/30/02.

Consumer Discretionary (XLY) Neutral, Market Weight. The Relative Strength Ratio (XLY/SPY) broke down below the lows of the previous 5 weeks on 8/24/07. The ratio turned down after 8/7/09, suggesting a more defensive tone to the market. Long term, XLY/SPY has trended downward since 1/5/05. XLY was strong from 11/19/08 to 4/30/09, and that past strength accounts for XLY’s high ranking here.

Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) has flattened out in recent months. Long term, XLV/SPY has trended upward for 15 months, since 5/15/08.

Materials (XLB) Neutral, Market Weight. The Relative Strength Ratio (XLB/SPY) turned down moderately after 8/5/09 for a mild short-term correction. Long term, XLB/SPY has been in a secular Bull trend since 9/27/00.

Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) has flattened out in recent weeks. It outperformed from 3/6/09 to 8/7/09. Long term, XLF/SPY has been in a secular Bear trend since 3/23/04.

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) underperformed moderately since 11/20/08. Long term, XLP/SPY was in a secular Bull trend from 3/27/00 to 11/20/08.

Industrial (XLI) Bearish, Underweight. The Relative Strength Ratio (XLI/SPY) in recent months appears to be consolidating previous massive losses. XLI/SPY fell long and hard from 3/31/08 to 3/6/09.

Utilities (XLU) Bearish, Underweight. The Relative Strength Ratio (XLU/SPY) has stabilized and has been about flat since 6/9/09. XLU/SPY underperformed from 11/21/08 to 6/9/09.

Energy (XLE) Bearish, Underweight. The Relative Strength Ratio (XLE/SPY) recovered to a 3-week high on 8/24/09, which may seem bullish for the short term. The problem is that it just made a new 10-month low on 8/17/09, to confirm a Bearish cycle phase. XLE/SPY has trended down since 7/1/08.

The relative performance ratios of the 9 major sectors appear to be shifting back again toward avoidance of risk. The sectors reflected a growing investor appetite for risk in March and April 2009, shifted away from risk from May into early July, then shifted toward risk from 7/13/09 to early August.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) has been trending down since making a peak on 8/3/09 and broke 4-week lows on 8/17/09. Still, the EEM/SPY Ratio may be in a rising trend from the low on 10/24/08. In addition, absolute price has been in a rising trend since 11/20/08.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) peaked on 8/3/09 and has eased lower since. EFA/SPY is still up YTD, but only very slightly. Long term, EFA underperformed since 11/27/07. EFA is the ETF representing the EAFE, the international developed country stock markets, excluding the U.S. and Canada.

NASDAQ Composite Relative Strength Ratio compared to the versus the S&P 500 has turned down since 7/23/09 and broke down below the lows of the previous 10 weeks on 8/24/09.

Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) appears to be turning choppy/neutral/sideways in recent months. Long term, the RS Ratio has been in an uptrend since 8/8/06, indicating major trend strength.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) appears to be turning choppy/neutral/sideways in recent months. Long term, the IWD RS Ratio remains in a Bearish Major Trend, underperforming the SPY since 3/22/07.

The S&P 500 equally weighted index rose a new high relative to the S&P 500 capitalization weighted index on 8/13/09, confirming a major uptrend.

The Largest Cap S&P 100 / S&P 500 Relative Strength Ratio (OEX/SPX) has stabilized since making a low on 8/7/09. The ratio had been in a downtrend from 11/20/08 to 8/7/09, indicating that the largest capitalization stocks were lagging the broader market.

The Small Cap/Large Cap Relative Strength Ratio (IWM/SPY) has firmed modestly since 8/17/09. The ratio made a 9-month high on 8/4/09, which indicated a relative uptrend for the longer term for Small Cap stocks.


The Mid Cap/Large Cap Relative Strength Ratio (MDY/SPY) broke down below 2-week lows on 8/17/09, confirming a downtrend for the short term.

Crude Oil nearest futures contract price continued its uptrend. Oil broke out above its previous high at 73.38 set on 6/30/09. Oil now appears to have further upside potential, possibly to the 85-90 zone.

The Energy stock sector has underperformed Crude Oil since 2/18/09. The XLE to Crude Oil Ratio broke down to a new 7-month low on 6/29/09.

Gold nearest futures contract price gave back most of Friday’s gain. Gold appears to have some resistance at previous highs of 957.6 and 960.1. For support, watch previous lows at 931.5, 927.2, 925.2 and 904.8, based on the nearest futures contract. Intermediate term, Gold appears to be in a triangle consolidation since 2/16/09. Longer term, Gold has been consolidating since making a peak at 1,033.9 on 3/17/08.


Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to Gold bullion) broke previous 4-week lows on 8/17/09, which may be Bearish for both GDX and Gold bullion.

Silver/Gold ratio peaked on 6/2/09 and has entered a short-term downtrend since 8/13/09, suggesting waning confidence in world economic recovery.

Copper nearest futures contract price broke out above the highs of the previous 3 trading days, suggesting a minor turn back toward confidence in world economic recovery.

U.S. Treasury Bond nearest futures contract price broke down below the lows of the previous 4 trading days on 8/21/09. The minor trend has been Bullish but now appears to be correcting. Intermediate term, Bonds appear to be consolidating in a neutral trading range. On 8/7/09, Bonds found support at the upper end of the 112-115 zone of many previous reversal points (including both lows and highs).

Bond quality ratio (LQD/TLT) turned down again. LQD/TLT is iShares iBoxx $ Invest Grade Corp Bond ETF (LQD) price divided by 20+ Years US Treasury Bond ETF price (TLT).

The U.S. dollar nearest futures contract price fell below the lows of the previous 10 trading days on 8/21/09, which was a bearish confirmation of the preexisting short-term downtrend. Intermediate term, USD may be merely consolidating losses within a Bearish trend. Longer term, USD fell below 10-month lows on 8/5/09 and remains in a Bearish trend since its peak set on 3/4/09.

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. So, Contrary Thinking should be used with more precise market timing tools.

Advisory Service Sentiment: There were 48.3% Bulls versus 23.1% Bears as of 8/19/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.09, down from 2.32 the previous week. That 2.32 was the highest reading since 12/26/07. The ratio’s 39-year range is 0.28 to 17.51, the median is 1.43, and the mean is 1.73.

VIX Fear Index has been fluctuating sideways between 23 and 28 since 7/24/09, after falling from a peak of 80.86 set on 11/20/08. 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 has been fluctuating sideways between 24 and 28 since 7/17/09, after falling from a peak of 80.64 set on 11/20/08. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

ISEE Call/Put Ratio rose to 1.19 on 8/24/09, still indicating bearish sentiment. The ratio’s 5-year mean is 1.43, median is 1.38, and its range is 0.51 to 3.16.

CBOE Put/Call Ratio rose to 0.54 on 8/24/09, indicating bullish sentiment. The ratio’s 5-year mean is 0.67, median is 0.65, and its range is 0.35 to 1.35.

Fundamentals: The 2003-2007 Bull Market was fed by abundant global liquidly, M&A, leveraged buyouts, corporate stock buybacks, and a net balance of positive earnings surprises. The unfolding fallout from the credit market crisis derailed that engine. Since the stock market low on 3/9/09, massive monetary and fiscal stimulation appears to have had an increasingly Bullish impact on investor sentiment.

The Dow Theory signaled a Primary Tide Bull Market on 7/23/09 when both the Dow-Jones Industrial Average the Dow-Jones Transportation Average closed above their May-June 2009 closing price highs. This reverses the previous 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.

S&P 500 Cash Index Potential Resistance
1,576.09, high of 10/11/2007
1,552.76, high of 10/31/2007
1,523.57, high of 12/11/2007
1,498.85, high of 12/26/2007
1,440.24, high of 5/19/2008
1,406.32, high of 5/29/2008
1,381.50, Fibonacci 78.6% of 2007-2009 drop
1,366.59, high of 6/17/2008
1,335.63, high of 6/25/2008
1,313.15, high of 8/11/2008
1,274.42, high of 9/8/2008
1,255.09, high of 9/12/2008
1,238.807, Fibonacci 78.6% of 1,576.09 high
1,228.74, Fibonacci 61.8% of 2007-2009 drop
1,220.03, high of 9/25/2008
1,121.44, Fibonacci 50.0% of 2007-2009 drop
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008

S&P 500 Cash Index Potential Support
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1009.06, low of 8/21/2009
1,007.78, Gann 37.5% of 2007-2009 drop
978.51, low of 8/17/2009
956.23, high of 6/11/2009
930.17, high of 5/8/2009
869.32, low of 7/8/2009
826.83, low of 4/21/2009
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
666.79, intraday low of 3/6/2009
665.23, Fibonacci 61.8% of 2002-2007 upmove
602.07, Fibonacci 38.2% of 1,576.09 high

Daily Rankings of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol

3.16% Austria Index, EWO
2.27% Europe 100 BLDRS, ADRU
2.15% Australia Index, EWA
1.81% Bond, 20+ Years Treasury, TLT
1.60% Pacific ex-Japan, EPP
1.30% Energy VIPERs, VDE
1.28% Energy SPDR, XLE
1.28% Singapore Index, EWS
1.23% Energy DJ, IYE
1.21% Oil & Gas, PXJ
1.20% Taiwan Index, EWT
1.17% Nanotech Lux, PXN
1.07% Oil Services H, OIH
0.96% Italy Index, EWI
0.78% Short 200% MidCap 400 PS, MZZ
0.72% Euro STOXX 50, FEZ
0.70% Health Care SPDR, XLV
0.66% South Korea Index, EWY
0.66% Financial Preferred, PGF
0.62% Bond, 10 Year Treasury, IEF
0.58% Value LargeCap Dynamic PS, PWV
0.55% Energy Exploration & Prod, PXE
0.54% Pharmaceutical H, PPH
0.52% Aerospace & Defense, PPA
0.51% Bond, Corp, LQD
0.44% Emerging Markets, EEM
0.44% IPOs, First Tr IPOX-100, FPX
0.42% Telecom H, TTH
0.42% Health Care VIPERs, VHT
0.41% Bond, Aggregate, AGG
0.40% Short 100% MidCap 400, MYY
0.39% Energy Global, IXC
0.39% Value EAFE MSCI, EFV
0.38% Healthcare DJ, IYH
0.37% Internet H, HHH
0.36% Pharmaceuticals, PJP
0.35% Bond, TIPS, TIP
0.34% Belgium Index, EWK
0.33% Internet Architecture H, IAH
0.33% Value 40 Large Low P/E FT DB, FDV
0.32% Natural Resource iS GS, IGE
0.31% Metals & Mining SPDR, XME
0.31% Growth S&P 500/BARRA, IVW
0.27% Utilities H, UTH
0.26% LargeCap Rydex Rus Top 50, XLG
0.26% Growth S&P 500, RPG
0.25% MidCap Russell, IWR
0.25% Value LargeCap NYSE 100 iS, NY
0.25% Value SmallCap Dynamic PS, PWY
0.25% Value LargeCap iS M, JKF
0.25% Ultra S&P500 Double, SSO
0.24% Switzerland Index, EWL
0.23% Short 200% QQQ PS, QID
0.22% Utilities VIPERs, VPU
0.22% Ultra Dow30 Double, DDM
0.20% Malaysia Index, EWM
0.20% Industrial SPDR, XLI
0.19% Emerging VIPERs, VWO
0.19% Healthcare Global, IXJ
0.19% LargeCap Blend S&P 100, OEF
0.18% Oil, Crude, U.S. Oil Fund, USO
0.18% Growth SmallCap R 2000, IWO
0.17% Commodity Tracking, DBC
0.17% Utilities SPDR, XLU
0.17% Growth SmallCap VIPERs, VBK
0.16% Software H, SWH
0.15% Global 100, IOO
0.14% Technology Global, IXN
0.14% Utilities DJ, IDU
0.14% Pacific VIPERs, VPL
0.14% South Africa Index, EZA
0.13% Blend Total Market VIPERs, VTI
0.13% France Index, EWQ
0.13% Industrial LargeCap Blend DJ US, IYJ
0.12% Biotech & Genome, PBE
0.12% Bond, 1-3 Year Treasury, SHY
0.12% Short 100% QQQ, PSQ
0.11% Value VIPERs, VTV
0.11% India Earnings WTree, EPI
0.11% DIAMONDS (DJIA), DIA
0.10% Dividend Leaders, FDL
0.09% Dividend Achievers PS, PFM
0.09% Industrials VIPERs, VIS
0.08% Canada Index, EWC
0.08% Telecom Services VIPERs, VOX
0.07% Growth LargeCap NASDAQ Fidelity, ONEQ
0.06% Spain Index, EWP
0.06% LargeCap Blend Total Market DJ, IYY
0.06% Growth BARRA Small Cap 600, IJT
0.05% Microcap Russell, IWC
0.04% Consumer Staples SPDR, XLP
0.03% Value LargeCap Russell 3000, IWW
0.03% EMU Europe Index, EZU
0.02% LargeCap VIPERs, VV
0.00% Value 1000 Russell, IWD
0.00% Netherlands Index, EWN
0.00% Lg Cap Growth PSD, PWB
0.00% LargeCap 1000 R, IWB
0.00% Growth Large Cap, ELG
0.00% Germany Index, EWG
0.00% Dividend International, PID
0.00% Developed 100 BLDRS, ADRD
-0.01% S&P 500 iS LargeCap Blend, IVV
-0.01% S&P 500 SPDRs LargeCap Blend, SPY
-0.02% LargeCap Blend Dynamic PS, PWC
-0.02% EAFE Index, EFA
-0.02% Growth LargeCap iS M, JKE
-0.03% Wilshire 5000 ST TM, TMW
-0.03% Emerging 50 BLDRS, ADRE
-0.03% Preferred Stock iS, PFF
-0.03% Value LargeCap Euro STOXX 50 DJ, FEU
-0.03% SmallCap Russell 2000, IWM
-0.05% Short 200% S&P 500 PS, SDS
-0.05% Consumer Staples VIPERs, VDC
-0.05% LargeCap Blend Russell 3000, IWV
-0.05% Software, PSJ
-0.05% Growth LargeCap Russell 3000, IWZ
-0.06% Growth VIPERs, VUG
-0.07% Growth 1000 Russell, IWF
-0.07% Software, IGV
-0.07% Food & Beverage, PBJ
-0.07% Value Large Cap DJ, ELV
-0.08% Asia 50 BLDRS, ADRA
-0.08% Growth SmallCap Dynamic PS, PWT
-0.10% LargeCap Blend NYSE Composite iS, NYC
-0.10% Growth LargeCap NASDAQ 100, QQQQ
-0.10% LargeCap Blend Core iS M, JKD
-0.10% Short 100% S&P 500, SH
-0.11% SmallCap Core iS M, JKJ
-0.11% Value SmallCap S&P 600 B, IJS
-0.11% Telecom DJ US, IYZ
-0.11% LargeCap Blend S&P 1500 iS, ISI
-0.11% Value Small Cap DJ, DSV
-0.12% Telecommunications & Wireless, PTE
-0.13% Info Tech VIPERs, VGT
-0.13% Hong Kong Index, EWH
-0.14% Utilities, PUI
-0.14% Europe 350 S&P Index, IEV
-0.14% SmallCap S&P 600, IJR
-0.14% Silver Trust iS, SLV
-0.15% Value SmallCap Russell 2000, IWN
-0.15% Ultra QQQ Double, QLD
-0.16% Growth EAFE MSCI, EFG
-0.16% Growth Small Cap DJ, DSG
-0.17% Short 100% Dow 30, DOG
-0.18% Extended Mkt VIPERs, VXF
-0.19% Dividend SPDR, SDY
-0.20% SmallCap PS Zacks, PZJ
-0.20% Value SmallCap VIPERS, VBR
-0.20% Japan Index, EWJ
-0.20% Technology DJ US, IYW
-0.21% LargeCap Blend Socially Responsible iS, KLD
-0.21% Technology GS, IGM
-0.21% Sweden Index, EWD
-0.22% Short 200% Dow 30 PS, DXD
-0.22% Value MidCap iS M, JKI
-0.22% OTC Dynamic PS, PWO
-0.23% MidCap S&P 400 iS, IJH
-0.24% Value MidCap Russell, IWS
-0.24% Value S&P 500, RPV
-0.24% Financials Global LargeCap Value, IXG
-0.25% Small Cap VIPERs, VB
-0.25% Biotech H, BBH
-0.25% Value MidCap S&P 400 B, IJJ
-0.25% Building & Construction, PKB
-0.25% Micro Cap Zachs, PZI
-0.25% Dividend Appreciation Vipers, VIG
-0.25% European VIPERs, VGK
-0.26% Brazil Index, EWZ
-0.26% Growth Mid Cap Dynamic PS, PWJ
-0.27% MidCap S&P 400 SPDRs, MDY
-0.27% Value S&P 500 B, IVE
-0.27% Growth MidCap Russell, IWP
-0.27% Japan LargeCap Blend TOPIX 150, ITF
-0.28% Dividend High Yield Equity PS, PEY
-0.28% LargeCap Blend S&P=Weight R, RSP
-0.29% Value LargeCap Fundamental RAFI 1000, PRF
-0.29% MidCap Blend Core iS M, JKG
-0.30% Dividend DJ Select, DVY
-0.30% Technology SPDR, XLK
-0.32% Consumer Cyclical DJ, IYC
-0.32% Growth SmallCap iS M, JKK
-0.33% Homebuilders SPDR, XHB
-0.33% United Kingdom Index, EWU
-0.33% Consumer Non-Cyclical, IYK
-0.34% REIT VIPERs, VNQ
-0.37% Growth MidCap S&P 400, RFG
-0.38% Value Line Timeliness MidCap Gr, PIV
-0.41% Biotech SPDR, XBI
-0.41% Growth MidCap 400 B, IJK
-0.44% Global Titans, DGT
-0.44% China LargeCap Growth G D H USX PS, PGJ
-0.44% Insurance, PIC
-0.46% Value MidCap Dynamic PS, PWP
-0.47% Latin Am 40, ILF
-0.48% Telecommunications Global, IXP
-0.49% Water Resources, PHO
-0.49% Value SmallCap S&P 600, RZV
-0.50% MidCap Growth iS M, JKH
-0.50% Transportation Av DJ, IYT
-0.52% Bond High-Yield Corporate, HYG
-0.54% MidCap VIPERs, VO
-0.56% Value SmallCap iS M, JKL
-0.57% Real Estate US DJ, IYR
-0.57% Retail H, RTH
-0.62% Realty Cohen & Steers, ICF
-0.63% Basic Materials DJ US, IYM
-0.66% Ultra MidCap400 Double, MVV
-0.70% Technology MS sT, MTK
-0.71% REIT Wilshire, RWR
-0.72% Consumer Discretionary SPDR, XLY
-0.74% Capital Markets KWB ST, KCE
-0.75% Financials VIPERs, VFH
-0.77% Financial SPDR, XLF
-0.79% WilderHill Clean Energy PS, PBW
-0.79% Materials SPDR, XLB
-0.82% Consumer D. VIPERs, VCR
-0.82% Financial DJ US, IYF
-0.84% Semiconductor H, SMH
-0.86% Materials VIPERs, VAW
-0.89% Semiconductor SPDR, XSD
-0.90% Leisure & Entertainment, PEJ
-0.93% China 25 iS, FXI
-0.96% Semiconductor iS GS, IGW
-0.98% Semiconductors, PSI
-1.06% Networking, IGN
-1.10% Financial Services DJ, IYG
-1.11% Retail, PMR
-1.22% Mexico Index, EWW
-1.30% 200% Short Bond 7-10 Yr T, PST
-1.40% Gold Shares S.T., GLD
-1.80% Bank Regional H, RKH
-1.90% Internet Infrastructure H, IIH
-2.38% Internet B2B H, BHH
-3.29% 200% Short US T Bond, TBT