Stock Market: the Dow Theory again confirmed a Bull Market.
Both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed at new 11- month highs, which is another bullish trend confirmation.
Other major price indexes confirmed the Dow Theory, but price momentum oscillators still lag, showing bearish divergences compared to these price indexes.
Volume rose on Wednesday , indicating stronger demand for stocks. But Cumulative On-Balance Volume and Candlestick Volume continue to lag behind price, diverging bearishly.
Financial Stock Sector Relative Strength Ratio broke out to a new 10-month high. Absolute price confirmed by making a new 11-month high.
Health Care Stock Sector Relative Strength Ratio fell below the lows of the previous 12 months. XLV/SPY has been relatively weak since 2/23/09.
Utilities Stock Sector Relative Strength Ratio fell below previous 24-month lows. XLU has underperformed since 11/21/08, as the appetite for risk recovered.
The U.S. dollar fell below the lows of the previous 14 months. Obviously, the major trend remains bearish, and it probably would take a long period of base building and bottom testing to turn this trend.
U.S. Treasury Bond broke down below the lows of the previous 3 weeks in what looks like a short-term shakeout.
Gold rose further above previous all-time highs. All trends remain bullish, and Gold appears to have substantial upside potential.
Crude Oil broke out above 12-month highs, which is bullish.
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
3.34% , RPV , Value S&P 500, RPV
13.85% , MTG , MGIC INVESTMENT
11.53% , LIZ , LIZ CLAIRBORNE
8.14% , SLM , SLM CORP
1.72% , PWJ , Growth Mid Cap Dynamic PS, PWJ
9.60% , LM , LEGG MASON
1.94% , PXQ , Networking, PXQ
2.67% , ADRD , Developed 100 BLDRS, ADRD
1.62% , IAH , Internet Architecture H, IAH
6.57% , HOG , HARLEY DAVIDSON
5.96% , KSU , Kansas City Southern, KSU
3.05% , CBS , CBS CORP.
1.69% , PWB , Lg Cap Growth PSD, PWB
1.24% , HHH , Internet H, HHH
6.78% , AN , AUTONATION
4.80% , LUV , SOUTHWEST AIRLS
1.56% , SDY , Dividend SPDR, SDY
6.28% , CSX , CSX
5.97% , PFG , PRINCIPAL FINL
3.14% , EWS , Singapore Index, EWS
2.17% , JKI , Value MidCap iS M, JKI
7.13% , CIEN.O , CIENA
1.90% , JKG , MidCap Blend Core iS M, JKG
2.16% , PIC , Insurance, PIC
4.73% , FRE , FREDDIE MAC
5.69% , NSC , NORFOLK SOUTHERN
7.61% , JNS , JANUS CAPITAL
1.79% , WYE , WYETH
2.49% , VIS , Industrials VIPERs, VIS
4.59% , URBN , Urban Outfitters Inc.
5.04% , XL , XL CAPITAL STK A
3.86% , HOT , STARWOOD HOTELS
1.58% , BBH , Biotech H, BBH
2.71% , RFV , Value MidCap S&P 400, RFV
4.26% , PKI , PERKINELMER
4.07% , HGSI , Human Genome Sciences Inc
3.42% , FII , FED INVESTORS STK B
1.83% , PMCS , PMC SIERRA
2.64% , ISIL , INTERSIL CORP
3.62% , KCE , Capital Markets KWB ST, KCE
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-2.31% , ACV , Alberto-Culver Co.
-1.72% , SH , Short 100% S&P 500, SH
-1.86% , CAG , CONAGRA FOODS
-3.62% , MZZ , Short 200% MidCap 400 PS, MZZ
-2.18% , LLTC , LINEAR TECH
-1.12% , GWW , WW GRAINGER
-2.81% , DXD , Short 200% Dow 30 PS, DXD
-1.59% , DISH , EchoStar Communications
-1.21% , BAX , BAXTER INTL
-1.48% , TLT , Bond, 20+ Years Treasury, TLT
-1.79% , NOVL , NOVELL
-1.43% , DOG , Short 100% Dow 30, DOG
-1.31% , PSQ , Short 100% QQQ, PSQ
-0.88% , LXK , LEXMARK INTL STK A
-2.29% , NCR , NCR
-1.91% , MYY , Short 100% MidCap 400, MYY
-0.74% , PEG , PUBL SVC ENTER
-0.84% , STJ , ST JUDE MEDICAL
-1.93% , VLO , VALERO ENERGY
-0.43% , IPG , INTERPUBLIC GRP
-1.31% , CTXS , CITRIX SYSTEMS
-0.64% , NI , NISOURCE
-3.47% , SDS , Short 200% S&P 500 PS, SDS
-2.79% , QID , Short 200% QQQ PS, QID
-0.52% , AZO , AUTOZONE
-0.81% , KLAC , KLA TENCOR
-0.53% , CLX , CLOROX
-0.73% , SUN , SUNOCO
-0.33% , NVLS , NOVELLUS SYS
-0.48% , LQD , Bond, Corp, LQD
-0.37% , VMC , VULCAN MATERIALS
-0.24% , TAP , ADOLPH COORS STK B, TAP
-0.70% , DRI , DARDEN REST
-0.36% , ZMH , ZIMMER HLDGS
-0.43% , TIP , Bond, TIPS, TIP
-0.54% , HD , HOME DEPOT
-0.14% , NVDA , NVIDIA
-0.24% , FRX , FOREST LABS STK A
-0.26% , COP , CONOCOPHILLIPS
-0.23% , AVP , AVON
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary Neutral, Market Weight. The Relative Strength Ratio appears choppy short term. Intermediate term, the relative trend appears neutral/sideways since peaking on 4/30/09. XLY was strong from 11/19/08 to 4/30/09, and that past strength accounts for XLY’s high ranking here. The XLY/SPY trend was clearly down from 1/5/05 to 11/19/08.
Financial Neutral, Market Weight. The Relative Strength Ratio broke out to a new 10-month high on 10/14/09. Absolute price confirmed by making a new 11-month high.
Technology Neutral, Market Weight. The Relative Strength Ratio appears choppy short term. It turned down after 9/30/09 and has sagged moderately below 2-week lows. Long term, on 7/22/09, XLK/SPY rose to its highest level in 7 years, thereby confirming a long-term uptrend in effect since 9/30/02.
Materials Neutral, Market Weight. The Relative Strength Ratio peaked on 8/5/09 and has been consolidating gains since. XLB/SPY was in an intermediate-term uptrend from its low on 12/5/08 to its high on 8/5/09.
Industrial Neutral, Market Weight. The Relative Strength Ratio turned up in recent days but is still well below its high of 9/17/09. XLI/SPY was in an intermediate-term uptrend from its low on 3/6/09 to its high on 9/17/09.
Energy Bearish, Underweight. The Relative Strength Ratio has partially recovered since falling to an 11-month low on 8/17/09. XLE underperformed SPY from 7/1/08 to 10/16/08.
Consumer Staples Neutral, Market Weight. The Relative Strength Ratio has been in a moderate downtrend since peaking on 11/20/08, as the appetite for risk recovered.
Health Care Bearish, Underweight. The Relative Strength Ratio fell below the lows of the previous 12 months on 10/14/09. XLV/SPY has been relatively weak since 2/23/09.
Utilities Bearish, Underweight. The Relative Strength Ratio fell below previous 24-month lows on 10/14/09. XLU has underperformed since 11/21/08, as the appetite for risk recovered.
Emerging Markets Stocks ETF Relative Strength Ratio moved further above previous 6-year highs on 10/14/09. Trends remain bullish in all time frames.
Foreign Stocks ETF Relative Strength Ratio peaked on 9/9/09 and has been lagging short term, after outperforming from 10/27/08 to 9/9/09. EFA is the ETF representing the EAFE, the international developed country stock markets, excluding the U.S. and Canada.
NASDAQ Composite/S&P 500 Relative Strength Ratio peaked out on 7/23/09 and has been correcting and consolidating since.
Growth Stock/Value Stock Relative Strength Ratio has been correcting and consolidating gains since the peak on 3/5/09. IWF/IWD was in an uptrend from 8/8/06 to 3/5/09, and it is quite possible that uptrend could resume.
Russell 1000 Value ETF Relative Strength Ratio jumped up to a 3-week high but still has underperformed since 9/18/09. Long term, IWD/SPY remains in a Bearish Major Trend, underperforming the SPY since 3/22/07.
The S&P 500 equally weighted index relative to the S&P 500 capitalization weighted index has been consolidating gains since 9/16/09. The ratio had been in a strong uptrend from 11/19/08 to 9/16/09, and that trend could resume.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio has been in a downtrend since 11/20/08 as the market shifted toward a more aggressive risk seeking posture.
The Small Cap/Large Cap Relative Strength Ratio been consolidating gains since 9/18/09. IWM/SPY was in an uptrend for more than 6 months this year, from 3/9/09 to 9/18/09, and that uptrend could resume.
The Mid Cap/Large Cap Relative Strength Ratio has been consolidating gains since 9/16/09. The secular trend since 1999 remains bullish.
Crude Oil nearest futures contract price broke out above 12-month highs on 10/14/09. The first potential support may be seen at the previous high at 75.00 set on 8/25/09. Look for further potential support at previous lows of 65.05, 61.38, and 58.32. Look for potential resistance at previous highs around 74-75.
Gold nearest futures contract price rose further above previous all-time highs on 10/14/09. All trends remain bullish, and Gold appears to have substantial upside potential. Technical supports might be found around previous highs and lows at 1033.9, 1024.7, 982.2, 940.3, 931.5, 925.2 and 904.8, based on the nearest futures contract. There is no chart resistance.
Gold Mining Stocks ETF Relative Strength Ratio moved above the highs of the previous 3 weeks on 10/13/09. The short-term trend remains bullish. The ratio moved above previous 13-month highs on 9/17/09, confirming a preexisting longer-term uptrend in effect since 10/27/08. This main trend remains bullish for both Gold bullion and Gold Mining Stocks.
Silver/Gold Ratio rose further above the highs of the previous 2 weeks on 10/9/09. Although the short-term trend has been choppy, the ratio is still above uptrendlines drawn from the low on 10/10/08.
Copper nearest futures contract price has been correcting and consolidating gains since peaking at 29660 on 8/28/09. Copper appears confused about global economic prospects.
U.S. Treasury Bond December futures contract price broke down below the lows of the previous 3 weeks on 10/14/09 in what looks like a short-term shakeout. The 4-month trend still looks bullish. The Bond may find short-term support around the previous lows of 118.07 set on 9/23/09, 117.18 set on 9/9/09, and 116.30 set on 8/24/09. On 8/7/09, Bonds found support at the upper end of the 112-115 zone of many previous reversal points .
Bond quality ratio partially recovered in recent days. It broke down below a 6-month uptrend line and broke down below 11-week lows on 10/1/09, presumably signaling a move away from risk and toward safety. The trend had been up from 12/19/08 to 8/7/09, as the appetite for risk recovered, but that trend appears to have ended. LQD/TLT is iShares iBoxx $ Invest Grade Corp Bond ETF price divided by 20+ Years US Treasury Bond ETF price .
The U.S. dollar nearest futures contract price fell below the lows of the previous 14 months on 10/14/09. Obviously, the major trend remains bearish, and it probably would take a long period of base building and bottom testing to turn this trend.
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 47.2% Bulls versus 26.4% Bears as of 10/14/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.79, down from 2.00 the previous week. The ratio was 2.61 on 8/26/09, the highest reading since 10/17/07. 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 touched a new 13-month low of 21.55 on 10/14/09. VIX is down 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 touched a new 13-month low of 22.62 on 10/14/09. VIX is down from a peak of 80.86 set on 11/20/08. VXN is down 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 1.82 on 10/14/09, indicating more bullish 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 fell to 0.46 on 10/14/09, still indicating very 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 a 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 range
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 range
1,220.03, high of 9/25/2008
1,158.76, EW ABC measured move target
1,121.44, Fibonacci 50.0% of 2007-2009 drop
1,098.14, gap from 10/3/08 to 10/6/08
S&P 500 Cash Index Potential Support
1,075.30, gap from 10/13/08 to 10/14/2009
1,066.71, low of 10/13/2009
1,060.55, high of 10/6/2009
1,042.58, high of 10/5/2009
1,041.17, low of 9/25/2009
1,035.00, low of 9/14/2009
1,028.48, Gann 87.5% of 2009 range
1,019.85, low of 10/2/2009
1,014.14, Fibonacci 38.2% of 2007-2009 drop
1,007.78, Gann 37.5% of 2007-2009 range
991.97, low of 9/2/2009
982.60, Fibonacci 23.6% of 2009 range
978.51, low of 8/17/2009
976.81, Gann 75% of 2009 range
956.23, high of 6/11/2009
922.25, Fibonacci 38.2% of 2009 range
930.17, high of 5/8/2009
873.47, Fibonacci 50% of 2009 range
869.32, low of 7/8/2009
826.83, low of 4/21/2009
824.69, Fibonacci 61.8% of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
770.13, Gann 25% of 2009 range
755.25, Fibonacci 78.6% of 2009 range
718.46, Gann 12.5% of 2009 range
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
4.09% REIT Wilshire, RWR
4.05% Brazil Index, EWZ
3.87% Realty Cohen & Steers, ICF
3.83% Transportation Av DJ, IYT
3.72% Ultra MidCap400 Double, MVV
3.67% Real Estate US DJ, IYR
3.66% REIT VIPERs, VNQ
3.62% Capital Markets KWB ST, KCE
3.58% India Earnings WTree, EPI
3.55% China 25 iS, FXI
3.45% South Korea Index, EWY
3.42% Financial SPDR, XLF
3.39% Bank Regional H, RKH
3.35% Euro STOXX 50, FEZ
3.34% Value S&P 500, RPV
3.32% Ultra S&P500 Double, SSO
3.28% Financials Global LargeCap Value, IXG
3.26% Sweden Index, EWD
3.23% Emerging Markets, EEM
3.19% Emerging VIPERs, VWO
3.19% Financial Services DJ, IYG
3.19% Emerging 50 BLDRS, ADRE
3.18% Latin Am 40, ILF
3.17% Financial DJ US, IYF
3.17% Financials VIPERs, VFH
3.14% China LargeCap Growth G D H USX PS, PGJ
3.14% Singapore Index, EWS
3.08% Pacific ex-Japan, EPP
3.07% Australia Index, EWA
3.01% EMU Europe Index, EZU
2.99% Belgium Index, EWK
2.90% Industrial SPDR, XLI
2.89% Ultra Dow30 Double, DDM
2.86% Short 200% US T Bond, TBT
2.81% Value LargeCap Euro STOXX 50 DJ, FEU
2.81% Value SmallCap S&P 600, RZV
2.79% Spain Index, EWP
2.75% Ultra QQQ Double, QLD
2.70% European VIPERs, VGK
2.67% Developed 100 BLDRS, ADRD
2.64% Germany Index, EWG
2.60% Taiwan Index, EWT
2.60% Europe 100 BLDRS, ADRU
2.58% Internet B2B H, BHH
2.58% Switzerland Index, EWL
2.55% Industrial LargeCap Blend DJ US, IYJ
2.53% Metals & Mining SPDR, XME
2.49% Industrials VIPERs, VIS
2.48% Internet Infrastructure H, IIH
2.43% Value LargeCap Fundamental RAFI 1000, PRF
2.43% France Index, EWQ
2.42% Growth MidCap S&P 400, RFG
2.40% EAFE Index, EFA
2.40% United Kingdom Index, EWU
2.38% SmallCap Core iS M, JKJ
2.37% Italy Index, EWI
2.36% Asia 50 BLDRS, ADRA
2.34% Nanotech Lux, PXN
2.31% Value EAFE MSCI, EFV
2.27% Austria Index, EWO
2.18% Energy Global, IXC
2.18% Basic Materials DJ US, IYM
2.18% Europe 350 S&P Index, IEV
2.17% Value MidCap iS M, JKI
2.16% Malaysia Index, EWM
2.16% Value SmallCap VIPERS, VBR
2.16% LargeCap Blend NYSE Composite iS, NYC
2.16% Insurance, PIC
2.14% Materials SPDR, XLB
2.14% Growth EAFE MSCI, EFG
2.14% Value Small Cap DJ, DSV
2.13% South Africa Index, EZA
2.12% Value SmallCap iS M, JKL
2.11% Oil Services H, OIH
2.10% Growth Small Cap DJ, DSG
2.07% Value VIPERs, VTV
2.06% Networking, IGN
2.05% Value 1000 Russell, IWD
2.05% Value LargeCap iS M, JKF
2.05% Micro Cap Zachs, PZI
2.04% Hong Kong Index, EWH
2.03% Value LargeCap Russell 3000, IWW
2.02% Homebuilders SPDR, XHB
2.01% Microcap Russell, IWC
2.01% Semiconductor SPDR, XSD
2.00% Netherlands Index, EWN
1.99% Materials VIPERs, VAW
1.99% Growth SmallCap Dynamic PS, PWT
1.98% Canada Index, EWC
1.96% Value S&P 500 B, IVE
1.95% Energy Exploration & Prod, PXE
1.95% Extended Mkt VIPERs, VXF
1.95% Value MidCap Russell, IWS
1.94% MidCap VIPERs, VO
1.93% Oil & Gas, PXJ
1.93% Dividend International, PID
1.92% Growth S&P 500, RPG
1.92% Value Large Cap DJ, ELV
1.91% SmallCap Russell 2000, IWM
1.90% Biotech & Genome, PBE
1.90% Value SmallCap Russell 2000, IWN
1.90% MidCap Blend Core iS M, JKG
1.89% SmallCap S&P 600, IJR
1.88% Growth BARRA Small Cap 600, IJT
1.88% Global 100, IOO
1.88% Water Resources, PHO
1.87% Value SmallCap Dynamic PS, PWY
1.86% Growth MidCap 400 B, IJK
1.86% Aerospace & Defense, PPA
1.86% Growth SmallCap iS M, JKK
1.85% LargeCap Blend S&P=Weight R, RSP
1.84% Small Cap VIPERs, VB
1.83% MidCap S&P 400 iS, IJH
1.83% MidCap S&P 400 SPDRs, MDY
1.83% MidCap Russell, IWR
1.82% Dividend High Yield Equity PS, PEY
1.82% Value SmallCap S&P 600 B, IJS
1.81% Value MidCap S&P 400 B, IJJ
1.81% Growth SmallCap R 2000, IWO
1.80% Pacific VIPERs, VPL
1.78% LargeCap 1000 R, IWB
1.78% Blend Total Market VIPERs, VTI
1.74% Growth SmallCap VIPERs, VBK
1.73% S&P 500 iS LargeCap Blend, IVV
1.73% Growth MidCap Russell, IWP
1.73% LargeCap Blend S&P 1500 iS, ISI
1.73% Global Titans, DGT
1.73% MidCap Growth iS M, JKH
1.72% LargeCap Blend Total Market DJ, IYY
1.72% S&P 500 SPDRs LargeCap Blend, SPY
1.72% Energy VIPERs, VDE
1.72% Healthcare Global, IXJ
1.72% Mexico Index, EWW
1.72% Growth Mid Cap Dynamic PS, PWJ
1.71% Wilshire 5000 ST TM, TMW
1.69% LargeCap Blend S&P 100, OEF
1.69% Lg Cap Growth PSD, PWB
1.69% Consumer D. VIPERs, VCR
1.67% Energy SPDR, XLE
1.67% LargeCap Blend Russell 3000, IWV
1.66% SmallCap PS Zacks, PZJ
1.66% LargeCap VIPERs, VV
1.66% LargeCap Blend Dynamic PS, PWC
1.65% Pharmaceuticals, PJP
1.65% Natural Resource iS GS, IGE
1.65% Growth LargeCap NASDAQ Fidelity, ONEQ
1.62% Internet Architecture H, IAH
1.61% LargeCap Rydex Rus Top 50, XLG
1.59% Growth LargeCap Russell 3000, IWZ
1.58% Semiconductors, PSI
1.58% Energy DJ, IYE
1.58% Biotech H, BBH
1.57% Technology MS sT, MTK
1.57% Technology Global, IXN
1.56% Semiconductor iS GS, IGW
1.56% Dividend SPDR, SDY
1.56% Dividend Achievers PS, PFM
1.56% Growth Large Cap, ELG
1.55% Info Tech VIPERs, VGT
1.54% LargeCap Blend Socially Responsible iS, KLD
1.53% Health Care SPDR, XLV
1.52% Dividend Appreciation Vipers, VIG
1.51% Value LargeCap NYSE 100 iS, NY
1.50% Telecommunications Global, IXP
1.49% Growth 1000 Russell, IWF
1.48% Technology GS, IGM
1.45% Semiconductor H, SMH
1.44% Technology DJ US, IYW
1.43% Retail, PMR
1.43% Software, PSJ
1.42% LargeCap Blend Core iS M, JKD
1.42% DIAMONDS , DIA
1.40% Growth LargeCap iS M, JKE
1.40% Value Line Timeliness MidCap Gr, PIV
1.38% Health Care VIPERs, VHT
1.38% Growth S&P 500/BARRA, IVW
1.37% Pharmaceutical H, PPH
1.36% Growth LargeCap NASDAQ 100, QQQQ
1.34% Healthcare DJ, IYH
1.34% Consumer Cyclical DJ, IYC
1.34% Growth VIPERs, VUG
1.33% Building & Construction, PKB
1.31% Dividend DJ Select, DVY
1.31% Japan LargeCap Blend TOPIX 150, ITF
1.30% Short 200% Bond 7-10 Yr T, PST
1.30% IPOs, First Tr IPOX-100, FPX
1.25% Consumer Discretionary SPDR, XLY
1.24% Internet H, HHH
1.23% Biotech SPDR, XBI
1.21% Software H, SWH
1.21% Oil, Crude, U.S. Oil Fund, USO
1.18% Technology SPDR, XLK
1.18% Value 40 Large Low P/E FT DB, FDV
1.18% Telecommunications & Wireless, PTE
1.17% Retail H, RTH
1.11% Japan Index, EWJ
1.10% Value MidCap Dynamic PS, PWP
1.07% Value LargeCap Dynamic PS, PWV
0.97% OTC Dynamic PS, PWO
0.93% Leisure & Entertainment, PEJ
0.91% WilderHill Clean Energy PS, PBW
0.91% Telecom Services VIPERs, VOX
0.83% Dividend Leaders, FDL
0.77% Commodity Tracking, DBC
0.76% Software, IGV
0.73% Consumer Non-Cyclical, IYK
0.63% Financial Preferred, PGF
0.52% Consumer Staples VIPERs, VDC
0.49% Telecom DJ US, IYZ
0.46% Silver Trust iS, SLV
0.40% Bond, High-Yield Corporate, HYG
0.39% Utilities DJ, IDU
0.35% Consumer Staples SPDR, XLP
0.34% Utilities, PUI
0.34% Utilities VIPERs, VPU
0.31% Preferred Stock iS, PFF
0.17% Utilities H, UTH
0.07% Utilities SPDR, XLU
0.04% Telecom H, TTH
0.04% Food & Beverage, PBJ
-0.08% Gold Shares S.T., GLD
-0.13% Bond, 1-3 Year Treasury, SHY
-0.24% Bond, Aggregate, AGG
-0.43% Bond, TIPS, TIP
-0.48% Bond, Corp, LQD
-0.68% Bond, 10 Year Treasury, IEF
-1.31% Short 100% QQQ, PSQ
-1.43% Short 100% Dow 30, DOG
-1.48% Bond, 20+ Years Treasury, TLT
-1.72% Short 100% S&P 500, SH
-1.91% Short 100% MidCap 400, MYY
-2.79% Short 200% QQQ PS, QID
-2.81% Short 200% Dow 30 PS, DXD
-3.47% Short 200% S&P 500 PS, SDS
-3.62% Short 200% MidCap 400 PS, MZZ









