The sleeping bull awakes--refreshed.
Consumer Discretionary stock sector absolute price rose above 3-year highs and remains bullish.
Energy stock sector Relative Strength Ratio (XLE/SPY) rose above 12-month highs and remains bullish. Absolute price rose above 2-year highs and remains bullish.
Materials stock sector Relative Strength Ratio (XLB/SPY) rose above 11-month highs and remains bullish.
Health Care stock sector Relative Strength Ratio (XLV/SPY) fell below 2-year lows and remains bearish, as it has been most of the time since peaking on 2/23/09.
Utilities stock sector Relative Strength Ratio (XLU/SPY) fell below 7-month lows and remains bearish.
Crude Oil moved above 11-day highs, again confirming a bullish trend for the short term. Longer term, Oil rose above 2-year highs on 11/11/10, again reconfirming a bullish major trend.
Gold rose further above the previous 2-weeks’ highs, confirming a short-term uptrend. Longer term, Gold rose above previous all-time highs on 11/9/10, again confirming the bullish major trend.
Silver rose further above the previous 3-weeks’ highs, confirming a short-term uptrend. Longer term, Silver rose above previous 30-year highs on 11/9/10, confirming a bullish major trend.
Silver/Gold Ratio rose further above 2-year highs, again confirming a bullish trend. Silver has outperformed Gold substantially since 8/20/10.
Copper rose above the previous 2-weeks’ highs, signaling a short-term uptrend. Longer term, Copper rose above previous 2-year highs on 11/11/10, again confirming the bullish major trend. Strength in Copper suggests confidence about prospects for the world economy.
U.S. Treasury Bond fell below 7-day lows, signaling a short-term downtrend.
The U.S. dollar fell below the previous day’s range. This could be a sign of exhaustion after a big run up since the low on 11/3/10. USD may have found resistance near its 200-day SMA, which stands just below chart resistance at 82.02.
S&P 500 Composite (SPX, 1,206.07) rose 19.47 points or 1.64% on Wednesday for its biggest daily gain in 3 months. SPX rose above previous 11-day highs on 12/1/10, signaling a new short-term uptrend. Overnight, ECB President Trichet expressed resolve and confidence in the financial stability of the Euro-zone, leading speculators to expect strong ECB measures to control the debt crisis. Stocks gapped up at the open and added further to gains through the morning before stabilizing near the highest levels of the day in the afternoon. In recent weeks, SPX held above 1173.00, the low of 11/16/10, and above key Simple Moving Averages: the 50-day SMA, now at 1179.39 and rising, and the 200-day SMA, now at 1134.26 and rising. Longer term, SPX rose above 2-year highs on 11/5/10, again reconfirming a bullish major trend.
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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
4.04% , EWI , Italy Index, EWI
2.64% , TBH , Telebras HOLDRS, TBH
6.02% , EWP , Spain Index, EWP
2.17% , PWT , Growth SmallCap Dynamic PS, PWT
1.86% , IYK , Consumer Non-Cyclical, IYK
2.09% , DGT , Global Titans, DGT
2.66% , PWO , OTC Dynamic PS, PWO
1.91% , PTE , Telecommunications & Wireless, PTE
3.20% , EWQ , France Index, EWQ
1.71% , PIV , Value Line Timeliness MidCap Gr, PIV
2.90% , ADRD , Developed 100 BLDRS, ADRD
2.01% , JKL , Value SmallCap iS M, JKL
3.40% , PSTL , Steel Global PS ETF, PSTL
1.66% , IXP , Telecommunications Global, IXP
2.44% , PPA , Aerospace & Defense, PPA
3.61% , EWK , Belgium Index, EWK
3.80% , EZU , EMU Europe Index, EZU
2.24% , IWP , Growth MidCap Russell, IWP
3.59% , PMCS , PMC SIERRA
5.99% , HAR , Harman International
2.36% , PXQ , Networking, PXQ
2.29% , PWJ , Growth Mid Cap Dynamic PS, PWJ
2.93% , PZJ , SmallCap PS Zacks, PZJ
4.09% , PIN , India PS, PIN
2.61% , BDH , Broadband H, BDH
4.21% , LH , LAB CRP OF AMER
5.00% , HOLX , Hologic, Inc., HOLX
4.50% , MOT , MOTOROLA
2.67% , KCE , Capital Markets KWB ST, KCE
3.22% , PSI , Semiconductors, PSI
2.13% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
6.28% , RHT , Red Hat Inc.
4.77% , MRVL , MARVELL TECHNOLOGY
2.42% , ERIC.O , LM Ericsson Telephone Company
5.81% , GNTX , Gentex Corporation
3.69% , LEN , Lennar Corp. (LEN)
7.06% , MAS , MASCO
3.65% , WYNN , Wynn Resorts L
3.69% , JNY , JONES APPAREL
3.97% , CMCSA , COMCAST HOLDINGS STK A
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.01% , MYY , Short 100% MidCap 400, MYY
-1.94% , TLH , Bond 10-20 Year US Treas, TLH
-4.54% , DXD , Short 200% Dow 30 PS, DXD
-4.27% , MZZ , Short 200% MidCap 400 PS, MZZ
-1.56% , IEF , Bond, 10 Year Treasury, IEF
-2.00% , MBI , MBIA
-2.15% , SH , Short 100% S&P 500, SH
-2.24% , DOG , Short 100% Dow 30, DOG
-2.56% , TLT , Bond, 20+ Years Treasury, TLT
-1.03% , AGG , Bond, Aggregate, AGG
-1.33% , HANS , Hansen Natural, HANS
-0.71% , KSS , KOHLS
-0.82% , MUB , Bond Muni ATM-Free S&P iS, MUB
-4.23% , SDS , Short 200% S&P 500 PS, SDS
-0.44% , DV , DeVry, Inc.
-0.10% , TEVA , Teva Pharmaceutical Industries Limited
-0.61% , LQD , Bond, Corp, LQD
-0.81% , TIP , Bond, TIPS, TIP
-0.23% , SHY , Bond, 1-3 Year Treasury, SHY
-0.03% , SHV , Bond Treasury Short-Term iS, SHV
-0.11% , GENZ , GENZYME
-0.04% , TJX , TJX
-0.20% , HSP , HOSPIRA
-0.26% , FMCN , Focus Media, FMCN
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose above 12-year highs on 11/26/10 and remains bullish. XLY has been at the top of my sector rankings for more than a year and has outperformed substantially. Absolute price rose above 3-year highs on 12/1/10 and remains bullish. Support 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 38.25 and 39.09.
Energy (XLE) Bullish, Over Weight. The Relative Strength Ratio (XLE/SPY) rose above 12-month highs on 12/1/10 and remains bullish. Absolute price rose above 2-year highs on 12/1/10 and remains bullish. Support 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 63.89, 69.95 and 78.10.
Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose above 6-week highs on 11/26/10, thereby turning bullish following a normal correction. Absolute price rose above 2-year highs on 11/5/10 and remains bullish. Support 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 33.53, 35.00, and 36.16.
Materials (XLB) Bullish, Over Weight. The Relative Strength Ratio (XLB/SPY) rose above 11-month highs on 12/1/10 and remains bullish. Absolute price successfully tested its rising 50-day SMA again on 11/29/10 and remains bullish. Support 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 36.71, 37.56, and 39.00.
Technology (XLK) Bullish, Over Weight. The Relative Strength Ratio (XLK/SPY) rose above its 50-day SMA on 11/22/10 and turned bullish again. Absolute price of XLK rose above 2-year highs on 11/4/10 and remains bullish. Support 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 25.28 and 25.69.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) fell below 5-month lows on 11/10/10 and remains bearish. Absolute price fell below its 50-day SMA on 11/29/10 thereby turning neutral. Support 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 28.85, 29.27, 29.29 and 30.29.
Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below 2-year lows on 12/1/10 and remains bearish, as it has been most of the time since peaking on 2/23/09. Absolute price of XLV fell below 8-week lows on 11/29/10. Support 30.11, 29.87, 28.00, 27.49. Resistance 31.04, 31.73, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below 7-month lows on 12/1/10 and remains bearish. Absolute price of XLU fell below 13-week lows on 11/29/10. Support 29.66, 27.91, 27.44, and 25.76. Resistance 32.11 and 32.40.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 18-month lows on 11/26/10 and remains bearish. Absolute price of XLF fell below 9-week lows on 11/23/10, and the 50-day SMA remains below the 200-day SMA. Support 14.25, 14.20, 13.29, and 13.08. Resistance 14.96, 15.68, 16.13, 16.90, 17.12, 17.16, and 17.87.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke down below 3-month lows on 11/26/10 and remains neutral.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down below 5-month lows on 11/30/10 and remains neutral.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs on 11/26/10 and remains bullish for the long term. This RS Ratio has been in an uptrend for nearly 2 years, since 12/2/08. Absolute price rose above 2-year highs on 11/8/10 and remains bullish.
iShares Russell 1000 Growth/S&P 500 Relative Strength Ratio (IWF/SPY) rose above 19-month highs again on 11/26/10 and remains bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows on 11/26/10. This RS Ratio has been trending lower since 8/3/10. Longer term, big caps have been relatively 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) rose above 20-year highs on 11/26/10 and remains bullish.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 11/26/10 and remains bullish. Absolute price rose above 2-year highs on 11/24/10 and remains bullish.
Crude Oil nearest futures contract price moved above 11-day highs on 12/1/10, again confirming a bullish trend for the short term. Longer term, Oil rose above 2-year highs on 11/11/10, again reconfirming a bullish major trend. Support 80.28, 79.84, 79.25, 78.86, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 88.63, 89.10, 90.51, 98.65, and 102.84.
Gold nearest futures contract price rose further above the previous 2-weeks’ highs on 12/1/10, confirming a short-term uptrend. Longer term, Gold rose above previous all-time highs on 11/9/10, again confirming the bullish major trend. Support 1350.1, 1329.0, 1315.6, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1424.3.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above 11-month highs on 11/22/10 and remains bullish.
Silver nearest futures contract price rose further above the previous 3-weeks’ highs on 12/1/10, confirming a short-term uptrend. Longer term, Silver rose above previous 30-year highs on 11/9/10, confirming a bullish major trend.
Silver/Gold Ratio rose further above 2-year highs on 12/1/10, again confirming a bullish trend. Silver has outperformed Gold substantially since 8/20/10.
Copper nearest futures contract price rose above the previous 2-weeks’ highs on 12/1/10, signaling a short-term uptrend. Longer term, Copper rose above previous 2-year highs on 11/11/10, again confirming the bullish major trend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.90, 4.0825, and 4.27.
U.S. Treasury Bond nearest futures contract price fell below 7-day lows on 12/1/10, signaling a short-term downtrend. The bond fell below the lows of the previous 4 months on 11/15/10, confirming the preexisting bearish trend for the intermediate-term trend. Support 125.15, 125.07, 124.19, 123.03, 121.28, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 129.03, 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) fell below 5-week lows on 11/23/10 and remains neutral. Absolute price fell below 8-week lows on 11/23/10 and is now neutral.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has firmed up moderately since making a low on 8/24/10, which implies that fixed-income investors have been choosing somewhat greater inflation protection over the past 3 months.
The U.S. dollar nearest futures contract price fell below the previous day’s range on 12/1/10. This could be a sign of exhaustion after a big run up since the low on 11/3/10. USD may have found resistance near its 200-day SMA, which stands just below chart resistance at 82.02. Longer term, USD fell below 11-month lows on 11/3/10, thereby confirming a bearish long-term price trend. Support 78.01, 75.23, 74.27, and 70.80. Resistance 82.02, 83.64, 84.73, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 55.4% Bulls versus 21.8% Bears as of 12/1/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio stands at 2.54, which is between one and two standard deviations above the long-term mean. This is not overly excessive bullish sentiment in the second year of a bull market. The 20-year range is 0.41 to 3.74, the median is 1.54, and the mean is 1.61.
VIX Fear Index rose from 17.76 on 11/19/10 to 23.84 intraday on 11/29/10. A relatively high and rising VIX indicates increasing anxiety, worry, and fear for market prospects on the part of 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 11/3/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 25 months. 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. Many other analysts were fooled into calling “Bear Market” by the big downside Secondary Reaction in May and June 2010, but my interpretation has been steadily Bullish on the Primary Trend.
S&P 500 Composite (SPX, 1,206.07) rose 19.47 points or 1.64% on Wednesday for its biggest daily gain in 3 months. SPX rose above previous 11-day highs on 12/1/10, signaling a new short-term uptrend. Overnight, ECB President Trichet expressed resolve and confidence in the financial stability of the Euro-zone, leading speculators to expect strong ECB measures to control the debt crisis. Stocks gapped up at the open and added further to gains through the morning before stabilizing near the highest levels of the day in the afternoon. In recent weeks, SPX held above 1173.00, the low of 11/16/10, and above key Simple Moving Averages: the 50-day SMA, now at 1179.39 and rising, and the 200-day SMA, now at 1134.26 and rising. Longer term, SPX rose above 2-year highs on 11/5/10, again reconfirming a bullish major trend.
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
1227.08, high of 11/5/10
S&P 500 Cash Index Potential Support
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
6.02% Spain Index, EWP
4.85% Austria Index, EWO
4.60% Indonesia MV, IDX
4.09% India PS, PIN
4.04% Italy Index, EWI
3.92% Netherlands Index, EWN
3.86% Germany Index, EWG
3.86% India Earnings WTree, EPI
3.80% EMU Europe Index, EZU
3.61% Belgium Index, EWK
3.58% Homebuilders SPDR, XHB
3.44% Thailand MSCI iS, THD
3.42% Sweden Index, EWD
3.38% European VIPERs, VGK
3.34% Semiconductor SPDR, XSD
3.27% Value EAFE MSCI, EFV
3.22% Oil, Crude, U.S. Oil Fund, USO
3.22% Europe 350 S&P Index, IEV
3.20% France Index, EWQ
3.19% Metals & Mining SPDR, XME
3.11% Turkey MSCI iS, TUR
3.08% South Korea Index, EWY
3.02% Semiconductor iS IGW, SOXX
3.01% Emerging VIPERs, VWO
2.97% Energy SPDR, XLE
2.95% Commodity Tracking, DBC
2.87% Natural Resource iS GS, IGE
2.87% Emerging Markets, EEM
2.86% Hong Kong Index, EWH
2.85% Russia MV, RSX
2.84% Singapore Index, EWS
2.84% Taiwan Index, EWT
2.84% EAFE Index, EFA
2.84% Energy DJ, IYE
2.79% Global ex US ACWI iS, ACWX
2.76% Pacific ex-Japan, EPP
2.76% Australia Index, EWA
2.73% Energy VIPERs, VDE
2.73% Materials SPDR, XLB
2.72% Basic Materials DJ US, IYM
2.67% Capital Markets KWB ST, KCE
2.66% United Kingdom Index, EWU
2.63% Small Cap EAFE MSCI iS, SCZ
2.63% Energy Global, IXC
2.58% Industrial SPDR, XLI
2.57% Growth EAFE MSCI, EFG
2.56% China 25 iS, FXI
2.54% Global 100, IOO
2.42% Canada Index, EWC
2.38% Transportation Av DJ, IYT
2.38% Emerging 50 BLDRS, ADRE
2.33% Growth SmallCap R 2000, IWO
2.33% Financial Services DJ, IYG
2.28% Brazil Index, EWZ
2.28% Value SmallCap S&P 600 B, IJS
2.27% DIAMONDS (DJIA), DIA
2.26% Water Resources, PHO
2.26% LargeCap Blend Russell 3000, IWV
2.25% Info Tech VIPERs, VGT
2.24% Growth MidCap Russell, IWP
2.24% SmallCap Russell 2000, IWM
2.24% Growth S&P 500/BARRA, IVW
2.24% LargeCap Blend S&P=Weight R, RSP
2.22% LargeCap 1000 R, IWB
2.22% South Africa Index, EZA
2.20% Technology DJ US, IYW
2.18% S&P 500 iS LargeCap Blend, IVV
2.17% Value VIPERs, VTV
2.17% Value S&P 500 B, IVE
2.17% Agriculture DB PS, DBA
2.16% Small Cap VIPERs, VB
2.15% Growth BARRA Small Cap 600, IJT
2.15% Blend Total Market VIPERs, VTI
2.14% Growth SmallCap VIPERs, VBK
2.13% Value 1000 Russell, IWD
2.13% Consumer Discretionary SPDR, XLY
2.13% Technology SPDR, XLK
2.13% Value MidCap S&P 400 B, IJJ
2.12% S&P 500 SPDRs LargeCap Blend, SPY
2.12% Growth LargeCap NASDAQ 100, QQQQ
2.12% LargeCap VIPERs, VV
2.12% Value SmallCap Russell 2000, IWN
2.12% Value SmallCap VIPERS, VBR
2.12% Pacific VIPERs, VPL
2.11% MidCap Russell, IWR
2.11% Growth 1000 Russell, IWF
2.11% Dividend Appreciation Vipers, VIG
2.11% Growth VIPERs, VUG
2.10% LargeCap Blend S&P 100, OEF
2.10% MidCap S&P 400 SPDRs, MDY
2.08% WilderHill Clean Energy PS, PBW
2.06% SmallCap S&P 600, IJR
2.06% Financial DJ US, IYF
2.05% Networking, IGN
2.04% Japan Index, EWJ
2.04% Financials VIPERs, VFH
2.02% Financial SPDR, XLF
2.00% MidCap S&P 400 iS, IJH
1.98% Dividend International, PID
1.98% Switzerland Index, EWL
1.97% Value MidCap Russell, IWS
1.93% Growth MidCap 400 B, IJK
1.92% Value LargeCap Dynamic PS, PWV
1.92% Latin Am 40, ILF
1.92% Health Care SPDR, XLV
1.88% Telecom DJ US, IYZ
1.84% Dividend DJ Select, DVY
1.79% Value SmallCap S&P 600, RZV
1.69% Malaysia Index, EWM
1.68% Microcap Russell, IWC
1.62% Consumer Staples SPDR, XLP
1.62% Dividend SPDR, SDY
1.58% China LargeCap Growth G D H USX PS, PGJ
1.53% Dividend High Yield Equity PS, PEY
1.47% Mexico Index, EWW
1.35% Biotech SPDR, XBI
1.35% Silver Trust iS, SLV
1.17% Utilities SPDR, XLU
1.14% Utilities VIPERs, VPU
0.89% Realty Cohen & Steers, ICF
0.76% Real Estate US DJ, IYR
0.74% Chile MSCI iS, ECH
0.68% REIT Wilshire, RWR
0.62% Financial Preferred, PGF
0.58% REIT VIPERs, VNQ
0.26% Bond, High-Yield Corporate, HYG
0.18% Bond Ex-US Treas, BWX
0.05% Bond, High-Yield Junk, JNK
-0.02% Bond EmrgMkt JPM iS, EMB
-0.03% Bond Treasury Short-Term iS, SHV
-0.03% Gold Shares S.T., GLD
-0.23% Bond, 1-3 Year Treasury, SHY
-0.33% Preferred Stock iS, PFF
-0.61% Bond, Corp, LQD
-0.81% Bond, TIPS, TIP
-0.82% Bond Muni ATM-Free S&P iS, MUB
-1.03% Bond, Aggregate, AGG
-1.56% Bond, 10 Year Treasury, IEF
-2.56% Bond, 20+ Years Treasury, TLT
Consumer Discretionary stock sector absolute price rose above 3-year highs and remains bullish.
Energy stock sector Relative Strength Ratio (XLE/SPY) rose above 12-month highs and remains bullish. Absolute price rose above 2-year highs and remains bullish.
Materials stock sector Relative Strength Ratio (XLB/SPY) rose above 11-month highs and remains bullish.
Health Care stock sector Relative Strength Ratio (XLV/SPY) fell below 2-year lows and remains bearish, as it has been most of the time since peaking on 2/23/09.
Utilities stock sector Relative Strength Ratio (XLU/SPY) fell below 7-month lows and remains bearish.
Crude Oil moved above 11-day highs, again confirming a bullish trend for the short term. Longer term, Oil rose above 2-year highs on 11/11/10, again reconfirming a bullish major trend.
Gold rose further above the previous 2-weeks’ highs, confirming a short-term uptrend. Longer term, Gold rose above previous all-time highs on 11/9/10, again confirming the bullish major trend.
Silver rose further above the previous 3-weeks’ highs, confirming a short-term uptrend. Longer term, Silver rose above previous 30-year highs on 11/9/10, confirming a bullish major trend.
Silver/Gold Ratio rose further above 2-year highs, again confirming a bullish trend. Silver has outperformed Gold substantially since 8/20/10.
Copper rose above the previous 2-weeks’ highs, signaling a short-term uptrend. Longer term, Copper rose above previous 2-year highs on 11/11/10, again confirming the bullish major trend. Strength in Copper suggests confidence about prospects for the world economy.
U.S. Treasury Bond fell below 7-day lows, signaling a short-term downtrend.
The U.S. dollar fell below the previous day’s range. This could be a sign of exhaustion after a big run up since the low on 11/3/10. USD may have found resistance near its 200-day SMA, which stands just below chart resistance at 82.02.
S&P 500 Composite (SPX, 1,206.07) rose 19.47 points or 1.64% on Wednesday for its biggest daily gain in 3 months. SPX rose above previous 11-day highs on 12/1/10, signaling a new short-term uptrend. Overnight, ECB President Trichet expressed resolve and confidence in the financial stability of the Euro-zone, leading speculators to expect strong ECB measures to control the debt crisis. Stocks gapped up at the open and added further to gains through the morning before stabilizing near the highest levels of the day in the afternoon. In recent weeks, SPX held above 1173.00, the low of 11/16/10, and above key Simple Moving Averages: the 50-day SMA, now at 1179.39 and rising, and the 200-day SMA, now at 1134.26 and rising. Longer term, SPX rose above 2-year highs on 11/5/10, again reconfirming a bullish major trend.
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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
4.04% , EWI , Italy Index, EWI
2.64% , TBH , Telebras HOLDRS, TBH
6.02% , EWP , Spain Index, EWP
2.17% , PWT , Growth SmallCap Dynamic PS, PWT
1.86% , IYK , Consumer Non-Cyclical, IYK
2.09% , DGT , Global Titans, DGT
2.66% , PWO , OTC Dynamic PS, PWO
1.91% , PTE , Telecommunications & Wireless, PTE
3.20% , EWQ , France Index, EWQ
1.71% , PIV , Value Line Timeliness MidCap Gr, PIV
2.90% , ADRD , Developed 100 BLDRS, ADRD
2.01% , JKL , Value SmallCap iS M, JKL
3.40% , PSTL , Steel Global PS ETF, PSTL
1.66% , IXP , Telecommunications Global, IXP
2.44% , PPA , Aerospace & Defense, PPA
3.61% , EWK , Belgium Index, EWK
3.80% , EZU , EMU Europe Index, EZU
2.24% , IWP , Growth MidCap Russell, IWP
3.59% , PMCS , PMC SIERRA
5.99% , HAR , Harman International
2.36% , PXQ , Networking, PXQ
2.29% , PWJ , Growth Mid Cap Dynamic PS, PWJ
2.93% , PZJ , SmallCap PS Zacks, PZJ
4.09% , PIN , India PS, PIN
2.61% , BDH , Broadband H, BDH
4.21% , LH , LAB CRP OF AMER
5.00% , HOLX , Hologic, Inc., HOLX
4.50% , MOT , MOTOROLA
2.67% , KCE , Capital Markets KWB ST, KCE
3.22% , PSI , Semiconductors, PSI
2.13% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
6.28% , RHT , Red Hat Inc.
4.77% , MRVL , MARVELL TECHNOLOGY
2.42% , ERIC.O , LM Ericsson Telephone Company
5.81% , GNTX , Gentex Corporation
3.69% , LEN , Lennar Corp. (LEN)
7.06% , MAS , MASCO
3.65% , WYNN , Wynn Resorts L
3.69% , JNY , JONES APPAREL
3.97% , CMCSA , COMCAST HOLDINGS STK A
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-2.01% , MYY , Short 100% MidCap 400, MYY
-1.94% , TLH , Bond 10-20 Year US Treas, TLH
-4.54% , DXD , Short 200% Dow 30 PS, DXD
-4.27% , MZZ , Short 200% MidCap 400 PS, MZZ
-1.56% , IEF , Bond, 10 Year Treasury, IEF
-2.00% , MBI , MBIA
-2.15% , SH , Short 100% S&P 500, SH
-2.24% , DOG , Short 100% Dow 30, DOG
-2.56% , TLT , Bond, 20+ Years Treasury, TLT
-1.03% , AGG , Bond, Aggregate, AGG
-1.33% , HANS , Hansen Natural, HANS
-0.71% , KSS , KOHLS
-0.82% , MUB , Bond Muni ATM-Free S&P iS, MUB
-4.23% , SDS , Short 200% S&P 500 PS, SDS
-0.44% , DV , DeVry, Inc.
-0.10% , TEVA , Teva Pharmaceutical Industries Limited
-0.61% , LQD , Bond, Corp, LQD
-0.81% , TIP , Bond, TIPS, TIP
-0.23% , SHY , Bond, 1-3 Year Treasury, SHY
-0.03% , SHV , Bond Treasury Short-Term iS, SHV
-0.11% , GENZ , GENZYME
-0.04% , TJX , TJX
-0.20% , HSP , HOSPIRA
-0.26% , FMCN , Focus Media, FMCN
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary (XLY) Bullish, Over Weight. The Relative Strength Ratio (XLY/SPY) rose above 12-year highs on 11/26/10 and remains bullish. XLY has been at the top of my sector rankings for more than a year and has outperformed substantially. Absolute price rose above 3-year highs on 12/1/10 and remains bullish. Support 35.32, 35.02, 34.78, 33.94, 33.11, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance 38.25 and 39.09.
Energy (XLE) Bullish, Over Weight. The Relative Strength Ratio (XLE/SPY) rose above 12-month highs on 12/1/10 and remains bullish. Absolute price rose above 2-year highs on 12/1/10 and remains bullish. Support 60.96, 60.21, 57.70, 55.68, 53.22, 50.33, 48.56, 46.16, and 43.66. Resistance 63.89, 69.95 and 78.10.
Industrial (XLI) Bullish, Over Weight. The Relative Strength Ratio (XLI/SPY) rose above 6-week highs on 11/26/10, thereby turning bullish following a normal correction. Absolute price rose above 2-year highs on 11/5/10 and remains bullish. Support 31.82, 31.58, 30.79, 30.51, 30.32, 29.77, and 27.67. Resistance 33.53, 35.00, and 36.16.
Materials (XLB) Bullish, Over Weight. The Relative Strength Ratio (XLB/SPY) rose above 11-month highs on 12/1/10 and remains bullish. Absolute price successfully tested its rising 50-day SMA again on 11/29/10 and remains bullish. Support 34.20, 33.70, 32.36, 29.88, 29.43, and 27.67. Resistance 36.71, 37.56, and 39.00.
Technology (XLK) Bullish, Over Weight. The Relative Strength Ratio (XLK/SPY) rose above its 50-day SMA on 11/22/10 and turned bullish again. Absolute price of XLK rose above 2-year highs on 11/4/10 and remains bullish. Support 23.74, 23.64, 23.56, 22.68, 22.53, 21.60, 20.01, and 19.51. Resistance 25.28 and 25.69.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) fell below 5-month lows on 11/10/10 and remains bearish. Absolute price fell below its 50-day SMA on 11/29/10 thereby turning neutral. Support 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance 28.85, 29.27, 29.29 and 30.29.
Health Care (XLV) Bearish, Under Weight. The Relative Strength Ratio (XLV/SPY) fell below 2-year lows on 12/1/10 and remains bearish, as it has been most of the time since peaking on 2/23/09. Absolute price of XLV fell below 8-week lows on 11/29/10. Support 30.11, 29.87, 28.00, 27.49. Resistance 31.04, 31.73, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below 7-month lows on 12/1/10 and remains bearish. Absolute price of XLU fell below 13-week lows on 11/29/10. Support 29.66, 27.91, 27.44, and 25.76. Resistance 32.11 and 32.40.
Financial (XLF) Bearish, Under Weight. The Relative Strength Ratio (XLF/SPY) fell below 18-month lows on 11/26/10 and remains bearish. Absolute price of XLF fell below 9-week lows on 11/23/10, and the 50-day SMA remains below the 200-day SMA. Support 14.25, 14.20, 13.29, and 13.08. Resistance 14.96, 15.68, 16.13, 16.90, 17.12, 17.16, and 17.87.
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Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke down below 3-month lows on 11/26/10 and remains neutral.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down below 5-month lows on 11/30/10 and remains neutral.
NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs on 11/26/10 and remains bullish for the long term. This RS Ratio has been in an uptrend for nearly 2 years, since 12/2/08. Absolute price rose above 2-year highs on 11/8/10 and remains bullish.
iShares Russell 1000 Growth/S&P 500 Relative Strength Ratio (IWF/SPY) rose above 19-month highs again on 11/26/10 and remains bullish.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below 28-year lows on 11/26/10. This RS Ratio has been trending lower since 8/3/10. Longer term, big caps have been relatively 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) rose above 20-year highs on 11/26/10 and remains bullish.
The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) rose above 15-year highs on 11/26/10 and remains bullish. Absolute price rose above 2-year highs on 11/24/10 and remains bullish.
Crude Oil nearest futures contract price moved above 11-day highs on 12/1/10, again confirming a bullish trend for the short term. Longer term, Oil rose above 2-year highs on 11/11/10, again reconfirming a bullish major trend. Support 80.28, 79.84, 79.25, 78.86, 72.63, 70.76, 70.35, 69.51, 68.59, 67.15, 65.05, and 64.24. Resistance 88.63, 89.10, 90.51, 98.65, and 102.84.
Gold nearest futures contract price rose further above the previous 2-weeks’ highs on 12/1/10, confirming a short-term uptrend. Longer term, Gold rose above previous all-time highs on 11/9/10, again confirming the bullish major trend. Support 1350.1, 1329.0, 1315.6, 1297.0, 1274.8, 1270.5, 1232.4, 1210.9, 1191.5, and 1155.6. Resistance: 1424.3.
Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) rose above 11-month highs on 11/22/10 and remains bullish.
Silver nearest futures contract price rose further above the previous 3-weeks’ highs on 12/1/10, confirming a short-term uptrend. Longer term, Silver rose above previous 30-year highs on 11/9/10, confirming a bullish major trend.
Silver/Gold Ratio rose further above 2-year highs on 12/1/10, again confirming a bullish trend. Silver has outperformed Gold substantially since 8/20/10.
Copper nearest futures contract price rose above the previous 2-weeks’ highs on 12/1/10, signaling a short-term uptrend. Longer term, Copper rose above previous 2-year highs on 11/11/10, again confirming the bullish major trend. Strength in Copper suggests confidence about prospects for the world economy, while weakness in Copper suggests doubts. Support 3.6065, 3.3930, 3.1775, 2.9285, 2.8555, 2.8445, and 2.72. Resistance 3.90, 4.0825, and 4.27.
U.S. Treasury Bond nearest futures contract price fell below 7-day lows on 12/1/10, signaling a short-term downtrend. The bond fell below the lows of the previous 4 months on 11/15/10, confirming the preexisting bearish trend for the intermediate-term trend. Support 125.15, 125.07, 124.19, 123.03, 121.28, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 129.03, 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) fell below 5-week lows on 11/23/10 and remains neutral. Absolute price fell below 8-week lows on 11/23/10 and is now neutral.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) has firmed up moderately since making a low on 8/24/10, which implies that fixed-income investors have been choosing somewhat greater inflation protection over the past 3 months.
The U.S. dollar nearest futures contract price fell below the previous day’s range on 12/1/10. This could be a sign of exhaustion after a big run up since the low on 11/3/10. USD may have found resistance near its 200-day SMA, which stands just below chart resistance at 82.02. Longer term, USD fell below 11-month lows on 11/3/10, thereby confirming a bearish long-term price trend. Support 78.01, 75.23, 74.27, and 70.80. Resistance 82.02, 83.64, 84.73, 85.36, 86.71, 88.80, 89.22, 89.71, and 92.53.
Advisory Service Sentiment: There were 55.4% Bulls versus 21.8% Bears as of 12/1/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio stands at 2.54, which is between one and two standard deviations above the long-term mean. This is not overly excessive bullish sentiment in the second year of a bull market. The 20-year range is 0.41 to 3.74, the median is 1.54, and the mean is 1.61.
VIX Fear Index rose from 17.76 on 11/19/10 to 23.84 intraday on 11/29/10. A relatively high and rising VIX indicates increasing anxiety, worry, and fear for market prospects on the part of 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 11/3/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 25 months. 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. Many other analysts were fooled into calling “Bear Market” by the big downside Secondary Reaction in May and June 2010, but my interpretation has been steadily Bullish on the Primary Trend.
S&P 500 Composite (SPX, 1,206.07) rose 19.47 points or 1.64% on Wednesday for its biggest daily gain in 3 months. SPX rose above previous 11-day highs on 12/1/10, signaling a new short-term uptrend. Overnight, ECB President Trichet expressed resolve and confidence in the financial stability of the Euro-zone, leading speculators to expect strong ECB measures to control the debt crisis. Stocks gapped up at the open and added further to gains through the morning before stabilizing near the highest levels of the day in the afternoon. In recent weeks, SPX held above 1173.00, the low of 11/16/10, and above key Simple Moving Averages: the 50-day SMA, now at 1179.39 and rising, and the 200-day SMA, now at 1134.26 and rising. Longer term, SPX rose above 2-year highs on 11/5/10, again reconfirming a bullish major trend.
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
1227.08, high of 11/5/10
S&P 500 Cash Index Potential Support
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
6.02% Spain Index, EWP
4.85% Austria Index, EWO
4.60% Indonesia MV, IDX
4.09% India PS, PIN
4.04% Italy Index, EWI
3.92% Netherlands Index, EWN
3.86% Germany Index, EWG
3.86% India Earnings WTree, EPI
3.80% EMU Europe Index, EZU
3.61% Belgium Index, EWK
3.58% Homebuilders SPDR, XHB
3.44% Thailand MSCI iS, THD
3.42% Sweden Index, EWD
3.38% European VIPERs, VGK
3.34% Semiconductor SPDR, XSD
3.27% Value EAFE MSCI, EFV
3.22% Oil, Crude, U.S. Oil Fund, USO
3.22% Europe 350 S&P Index, IEV
3.20% France Index, EWQ
3.19% Metals & Mining SPDR, XME
3.11% Turkey MSCI iS, TUR
3.08% South Korea Index, EWY
3.02% Semiconductor iS IGW, SOXX
3.01% Emerging VIPERs, VWO
2.97% Energy SPDR, XLE
2.95% Commodity Tracking, DBC
2.87% Natural Resource iS GS, IGE
2.87% Emerging Markets, EEM
2.86% Hong Kong Index, EWH
2.85% Russia MV, RSX
2.84% Singapore Index, EWS
2.84% Taiwan Index, EWT
2.84% EAFE Index, EFA
2.84% Energy DJ, IYE
2.79% Global ex US ACWI iS, ACWX
2.76% Pacific ex-Japan, EPP
2.76% Australia Index, EWA
2.73% Energy VIPERs, VDE
2.73% Materials SPDR, XLB
2.72% Basic Materials DJ US, IYM
2.67% Capital Markets KWB ST, KCE
2.66% United Kingdom Index, EWU
2.63% Small Cap EAFE MSCI iS, SCZ
2.63% Energy Global, IXC
2.58% Industrial SPDR, XLI
2.57% Growth EAFE MSCI, EFG
2.56% China 25 iS, FXI
2.54% Global 100, IOO
2.42% Canada Index, EWC
2.38% Transportation Av DJ, IYT
2.38% Emerging 50 BLDRS, ADRE
2.33% Growth SmallCap R 2000, IWO
2.33% Financial Services DJ, IYG
2.28% Brazil Index, EWZ
2.28% Value SmallCap S&P 600 B, IJS
2.27% DIAMONDS (DJIA), DIA
2.26% Water Resources, PHO
2.26% LargeCap Blend Russell 3000, IWV
2.25% Info Tech VIPERs, VGT
2.24% Growth MidCap Russell, IWP
2.24% SmallCap Russell 2000, IWM
2.24% Growth S&P 500/BARRA, IVW
2.24% LargeCap Blend S&P=Weight R, RSP
2.22% LargeCap 1000 R, IWB
2.22% South Africa Index, EZA
2.20% Technology DJ US, IYW
2.18% S&P 500 iS LargeCap Blend, IVV
2.17% Value VIPERs, VTV
2.17% Value S&P 500 B, IVE
2.17% Agriculture DB PS, DBA
2.16% Small Cap VIPERs, VB
2.15% Growth BARRA Small Cap 600, IJT
2.15% Blend Total Market VIPERs, VTI
2.14% Growth SmallCap VIPERs, VBK
2.13% Value 1000 Russell, IWD
2.13% Consumer Discretionary SPDR, XLY
2.13% Technology SPDR, XLK
2.13% Value MidCap S&P 400 B, IJJ
2.12% S&P 500 SPDRs LargeCap Blend, SPY
2.12% Growth LargeCap NASDAQ 100, QQQQ
2.12% LargeCap VIPERs, VV
2.12% Value SmallCap Russell 2000, IWN
2.12% Value SmallCap VIPERS, VBR
2.12% Pacific VIPERs, VPL
2.11% MidCap Russell, IWR
2.11% Growth 1000 Russell, IWF
2.11% Dividend Appreciation Vipers, VIG
2.11% Growth VIPERs, VUG
2.10% LargeCap Blend S&P 100, OEF
2.10% MidCap S&P 400 SPDRs, MDY
2.08% WilderHill Clean Energy PS, PBW
2.06% SmallCap S&P 600, IJR
2.06% Financial DJ US, IYF
2.05% Networking, IGN
2.04% Japan Index, EWJ
2.04% Financials VIPERs, VFH
2.02% Financial SPDR, XLF
2.00% MidCap S&P 400 iS, IJH
1.98% Dividend International, PID
1.98% Switzerland Index, EWL
1.97% Value MidCap Russell, IWS
1.93% Growth MidCap 400 B, IJK
1.92% Value LargeCap Dynamic PS, PWV
1.92% Latin Am 40, ILF
1.92% Health Care SPDR, XLV
1.88% Telecom DJ US, IYZ
1.84% Dividend DJ Select, DVY
1.79% Value SmallCap S&P 600, RZV
1.69% Malaysia Index, EWM
1.68% Microcap Russell, IWC
1.62% Consumer Staples SPDR, XLP
1.62% Dividend SPDR, SDY
1.58% China LargeCap Growth G D H USX PS, PGJ
1.53% Dividend High Yield Equity PS, PEY
1.47% Mexico Index, EWW
1.35% Biotech SPDR, XBI
1.35% Silver Trust iS, SLV
1.17% Utilities SPDR, XLU
1.14% Utilities VIPERs, VPU
0.89% Realty Cohen & Steers, ICF
0.76% Real Estate US DJ, IYR
0.74% Chile MSCI iS, ECH
0.68% REIT Wilshire, RWR
0.62% Financial Preferred, PGF
0.58% REIT VIPERs, VNQ
0.26% Bond, High-Yield Corporate, HYG
0.18% Bond Ex-US Treas, BWX
0.05% Bond, High-Yield Junk, JNK
-0.02% Bond EmrgMkt JPM iS, EMB
-0.03% Bond Treasury Short-Term iS, SHV
-0.03% Gold Shares S.T., GLD
-0.23% Bond, 1-3 Year Treasury, SHY
-0.33% Preferred Stock iS, PFF
-0.61% Bond, Corp, LQD
-0.81% Bond, TIPS, TIP
-0.82% Bond Muni ATM-Free S&P iS, MUB
-1.03% Bond, Aggregate, AGG
-1.56% Bond, 10 Year Treasury, IEF
-2.56% Bond, 20+ Years Treasury, TLT
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