Stock Market: consolidating losses, with signs of relatively weak demand.
The S&P 500 rose 0.24% on Tuesday
Volume of trading declined.
Modest recovery attempts have not been confirmed by rising volume.
There appears to be little buying interest, even on good news.
Gold closed above previous all-time highs on 11/3/09, thereby confirming bullish trends in all time frames.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio rose to a new 13-month high on 11/3/09, indicating a bullish long-term trend. Bond investors may be growing increasingly concerned about the inflation outlook.
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
27.51% , BNI , BURLINGTON NORTH
30.97% , BDK , BLACK & DECKER
10.06% , SWK , STANLEY WORKS
7.90% , UNP , UNION PACIFIC
5.40% , NSC , NORFOLK SOUTHERN
0.63% , PWT , Growth SmallCap Dynamic PS, PWT
7.31% , CSX , CSX
14.31% , AIG , AMER INTL GROUP
7.10% , KSU , Kansas City Southern, KSU
8.17% , CTSH , Cognizant Technology Solutions
5.20% , SLV , Silver Trust iS, SLV
11.48% , CAR , Avis Budget Group, Inc.
11.65% , FNM , FANNIE MAE
5.37% , IYT , Transportation Av DJ, IYT
0.99% , PWY , Value SmallCap Dynamic PS, PWY
0.66% , NY , Value LargeCap NYSE 100 iS, NY
4.55% , ADM , ARCHER DANIELS
2.49% , IAU , Gold COMEX iS, IAU
4.60% , SNA , SNAP ON
2.41% , GLD , Gold Shares S.T., GLD
1.05% , PXN , Nanotech Lux, PXN
1.72% , DSG , Growth Small Cap DJ, DSG
7.99% , GCI , GANNETT
3.10% , PH , PARKER HANNIFIN
0.80% , PXQ , Networking, PXQ
2.19% , RFV , Value MidCap S&P 400, RFV
6.68% , NEM , NEWMONT MINING
1.42% , PZI , Micro Cap Zachs, PZI
6.25% , RDC , ROWAN COMPANIES
2.13% , TBT , 200% Short US T Bond, TBT
3.39% , IR , INGER RAND
1.69% , PXE , Energy Exploration & Prod, PXE
3.13% , CEPH , Cephalon Inc
4.53% , SEE , SEALED AIR
1.98% , RIG , TRANSOCEAN
2.65% , GILD , Gilead Sciences Inc
3.07% , ABC , AMERISOURCEBERGN
2.45% , ETN , EATON
0.38% , PID , Dividend International, PID
1.25% , PMR , Retail, PMR
Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-3.67% , PGF , Financial Preferred, PGF
-1.89% , MRK , MERCK & CO
-5.15% , NVLS , NOVELLUS SYS
-3.33% , AMAT , APPLIED MATERIAL
-3.53% , KLAC , KLA TENCOR
-0.88% , SGP , SCHERING PLOUGH
-3.03% , COL , ROCKWELL COLLINS
-2.68% , INTC , INTEL
-1.42% , HSY , HERSHEY FOODS
-2.90% , EXPD , Expeditors International WA
-1.62% , LIZ , LIZ CLAIRBORNE
-4.37% , VMC , VULCAN MATERIALS
-1.77% , KSS , KOHLS
-2.68% , BSX , BOSTON SCIENT
-0.79% , EWK , Belgium Index, EWK
-2.64% , SNDK , SanDisk Corporation
-0.76% , IEV , Europe 350 S&P Index, IEV
-0.65% , XLP , Consumer Staples SPDR, XLP
-1.12% , SMH , Semiconductor H, SMH
-0.71% , EZU , EMU Europe Index, EZU
-1.00% , IXP , Telecommunications Global, IXP
-2.73% , LSI , LSI LOGIC
-1.35% , PFF , Preferred Stock iS, PFF
-0.78% , TMO , THERMO ELECTRON
-0.94% , JNJ , JOHNSON&JOHNSON
-1.48% , BRCM , BROADCOM STK A
-1.33% , ERTS , ELECTRONIC ARTS
-0.44% , VDC , Consumer Staples VIPERs, VDC
-0.52% , PPH , Pharmaceutical H, PPH
-0.54% , PSI , Semiconductors, PSI
-1.00% , TLT , Bond, 20+ Years Treasury, TLT
-0.23% , FDL , Dividend Leaders, FDL
-0.85% , NOC , NORTHROP GRUMMAN
-0.58% , CCL , CARNIVAL STK A
-0.82% , EK , EASTMAN KODAK
-1.03% , DISH , EchoStar Communications
-0.66% , LOW , LOWES
-0.50% , NVDA , NVIDIA
-1.56% , ALTR , ALTERA
-1.37% , TEVA , Teva Pharmaceutical Industries Limited
9 major U.S. stock sectors ranked in order of long-term relative strength:
Consumer Discretionary Neutral, Market Weight. The Relative Strength Ratio broke down to a new 8-week low on 10/28/09, turning the short-term relative trend bearish. Long term, XLY was relatively strong from 11/19/08 to 4/30/09, but that trend is now in question.
Technology Neutral, Market Weight. The Relative Strength Ratio fell below the lows of the previous 7 trading days on 11/3/09, which appeared to signal nothing more than a short-term pullback. XLK/SPY rose to a new 13-week high on 10/30/09. Intermediate term, the relative trend is bullish. 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.
Consumer Staples Neutral, Market Weight. The Relative Strength Ratio rose to another new 13-week highs on 10/30/09. This defensive sector outperforms when investors move away from risk.
Industrial Neutral, Market Weight. The Relative Strength Ratio rose above the highs of the previous 8 trading days on 11/3/09, which appeared to signal nothing more than a short-term bounce. XLP/SPY broke down to a new 8-week low on 10/30/09, signaling a bearish relative trend for the intermediate term. The long-term trend peaked on 3/31/08 and has been in a downtrend since.
Materials Neutral, Market Weight. The Relative Strength Ratio rose above the highs of the previous 4 trading days on 11/3/09, which appeared to signal nothing more than a short-term bounce. XLB/SPY broke down to a new 14-week low on 10/28/09, signaling a bearish relative trend for the intermediate term. Long term, XLB/SPY has underperformed for 16 months since 6/23/08.
Energy Neutral, Market Weight. The Relative Strength Ratio broke down below previous 11-day lows on 10/30/09, which should have been bearish for the short term. Longer term, it appears likely that XLE/SPY bottomed a year ago, on 10/16/08, and has been building a technical base over the past year.
Financial Bearish, Underweight. The Relative Strength Ratio broke down to a new 11-week low on 10/28/09. The XLF/SPY trend looks bearish for the intermediate-term and probably the long-term as well.
Health Care Bearish, Underweight. The Relative Strength Ratio broke out above previous 3-week highs on 10/30/09, which could have been bullish for the short term but does not seem to be having any effect. XLV/SPY fell below the lows of the previous 12 months on 10/22/09, which was bearish for the long term.
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 fell below the lows of the previous 5 weeks on 10/28/09, confirming a downside correction for the short term. EEM/SPY moved above previous 6-year highs on 10/14/09, confirming a major bull market trend.
Foreign Stocks ETF Relative Strength Ratio fell further below the lows of the previous 8 weeks on 11/3/09, confirming a downside correction for the intermediate term. The ratio outperformed for 10 months, from 10/27/08 to 9/9/09, and that uptrend could resume eventually. 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 broke down below 4-month lows on 11/2/09, indicating bearish trends for the short term and intermediate term.
Growth Stock/Value Stock Relative Strength Ratio broke out above highs of the previous 12 weeks on 11/2/09. IWF/IWD was in an uptrend from 8/8/06 to 3/5/09, and it seems quite possible that uptrend could resume.
Russell 1000 Value ETF Relative Strength Ratio broke down below the lows of the previous 12 weeks on 11/2/09. IWD/SPY has underperformed since 9/18/09. Long term, IWD/SPY remains in a bearish trend, underperforming since 3/22/07.
The S&P 500 equally weighted index relative to the S&P 500 capitalization weighted index broke down to a new 8-week low on 10/28/09, confirming a significant downside correction. The ratio had been in a strong uptrend from 11/19/08 to 9/16/09, and that trend could resume when this correction is over.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio peaked on 10/28/09 and turned down, as the market shifted back again toward risk seeking.
The Small Cap/Large Cap Relative Strength Ratio fell below the lows of the previous 5 months on 11/2/09, confirming again the preexisting bearish trend.
The Mid Cap/Large Cap Relative Strength Ratio broke down to a new 13-week low on 11/2/09, indicating a significant downside correction. The major secular trend since 1999 remains bullish, however.
Crude Oil nearest futures contract price bounced to the upper third of its week-long price range on 11/03/09. Short term, Oil appears to be consolidating large gains since the low at 32.40 last December 2008. Long term, Oil made a new 12-month high of 82.00 on 10/21/09, confirming a bullish major trend. Potential support may be seen around the low of 76.55 set on 11/03/09 and around the high of 75.00 set on 8/25/09.
Gold nearest futures contract price closed above previous all-time highs on 11/3/09, thereby confirming bullish trends in all time frames. Technical supports might be found around previous highs and lows at 1072.0, 1070.2, 1069.0, 1047.5, 1026.9, 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 reversed strongly to the upside on 11/3/09 after breaking down below the lows of the previous 9 weeks on 10/30/09. The 7-week trend has been corrective to the downside. The ratio rose to a 14-month high 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 fell to another new 9-week low on 11/2/09, indicating a significant downside correction. A downtrend suggests doubts about global economic prospects.
Copper nearest futures contract price has turned choppy and uncertain for the very short term over the past few days. Longer term, Copper broke out to a new 13-month high of 3.0690 on 10/26/09, thereby clearly confirming that the main trend remains bullish. Rising copper prices suggest growing confidence about global economic prospects, while falling copper prices suggest doubts.
U.S. Treasury Bond December futures contract price has turned choppy and uncertain for the short term. Intermediate term, the Bond has been in a mild rising trend since making a low on 6/11/09. The Bond may find short-term support around the previous lows of 117.25 set on 10/26/09, 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 Relative Strength Ratio fell below the lows of the previous 3 weeks on 11/2/09, confirming a preexisting downside correction for the short term. When JNK/LQD is weak, that indicates risk aversion. Long term, JNK/LQD rose to a new 12-month high on 10/23/09, indicating an increasing appetite for risk.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio rose to a new 13-month high on 11/3/09, indicating a bullish long-term trend. Bond investors may be growing increasingly concerned about the inflation outlook.
The U.S. dollar nearest futures contract price jumped to a new 4-week high on 11/03/09 but surrendered nearly all if its gain by the close. USD has turned choppy and erratic for the short term. Long term, the dominant trend remains bearish. USD fell below the lows of the previous 14 months on 10/21/09, confirming a bearish major 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 48.3% Bulls versus 22.5% Bears as of 10/28/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.15, up from 2.14 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 jumped to a 16-week high of 31.84 on 11/2/09, indicating rising levels of fear. VIX fell to a 13-month low of 20.10 on 10/21/09, indicating bullish complacency. VIX is down from a closing high 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 jumped to a 16-week high of 31.42 on 11/2/09, indicating rising levels of fear. VXN fell to a 13-month low of 20.75 on 10/21/09, indicating bullish complacency. VXN is down from a closing high 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 1.54 on 11/3/09, indicating bullish sentiment. The ratio’s 6-year mean is 1.41, its median is 1.36, and its range is 0.51 to 3.16.
CBOE Put/Call Ratio fell to 0.69 on 10/30/09, indicating slightly bearish sentiment. The ratio’s 6-year mean is 0.66, its median is 0.64, 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
1,238.81, 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
1,101.36, high of 10/21/2009
1,066.83, high of 10/29/2009
1,047.03, Gann 12.5% Retrace of 2009 range
1,041.17, low of 9/25/2009
S&P 500 Cash Index Potential Support
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
998.80, Fibonacci 23.6% Retrace of 2009 range
991.97, low of 9/2/2009
992.72, Gann 25% Retrace of 2009 range
978.51, low of 8/17/2009
956.50, Dow 33.3% Retrace of 2009 range
956.23, high of 6/11/2009
935.35, Fibonacci 38.2% Retrace of 2009 range
930.17, high of 5/8/2009
884.08, Fibonacci 50% of 2009 range
869.32, low of 7/8/2009
826.83, low of 4/21/2009
832.80, Fibonacci 61.8% Retrace of 2009 range
814.53, low of 4/7/2009
813.62, high of 4/1/2009
779.81, low of 3/30/2009
775.43, Gann 75% Retrace of 2009 range
759.79, Fibonacci 78.6% Retrace of 2009 range
721.11, Gann 87.5% Retrace of 2009 range
666.79, intraday low of 3/6/2009
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
5.37% Transportation Av DJ, IYT
5.20% Silver Trust iS, SLV
3.34% Metals & Mining SPDR, XME
2.94% Biotech SPDR, XBI
2.61% Oil & Gas, PXJ
2.55% Oil Services H, OIH
2.41% Gold Shares S.T., GLD
2.39% Value SmallCap iS M, JKL
2.30% Ultra MidCap400 Double, MVV
2.13% Short 200% US T Bond, TBT
2.13% Canada Index, EWC
2.09% Natural Resource iS GS, IGE
2.04% Brazil Index, EWZ
1.99% Biotech & Genome, PBE
1.93% Homebuilders SPDR, XHB
1.88% WilderHill Clean Energy PS, PBW
1.88% Basic Materials DJ US, IYM
1.76% Value Line Timeliness MidCap Gr, PIV
1.76% Leisure & Entertainment, PEJ
1.72% Industrial SPDR, XLI
1.72% Growth Small Cap DJ, DSG
1.70% Latin Am 40, ILF
1.70% Growth SmallCap VIPERs, VBK
1.69% Energy Exploration & Prod, PXE
1.69% Value SmallCap S&P 600, RZV
1.68% Value S&P 500, RPV
1.66% Industrials VIPERs, VIS
1.65% Small Cap VIPERs, VB
1.65% Networking, IGN
1.63% Oil, Crude, U.S. Oil Fund, USO
1.57% Growth SmallCap R 2000, IWO
1.56% Telecommunications & Wireless, PTE
1.56% Growth MidCap S&P 400, RFG
1.55% Biotech H, BBH
1.53% South Africa Index, EZA
1.53% Industrial LargeCap Blend DJ US, IYJ
1.52% Value SmallCap VIPERS, VBR
1.51% SmallCap Russell 2000, IWM
1.49% REIT Wilshire, RWR
1.49% Extended Mkt VIPERs, VXF
1.47% REIT VIPERs, VNQ
1.46% Water Resources, PHO
1.45% Energy VIPERs, VDE
1.43% Real Estate US DJ, IYR
1.43% Growth SmallCap iS M, JKK
1.42% Realty Cohen & Steers, ICF
1.42% Micro Cap Zachs, PZI
1.42% Materials VIPERs, VAW
1.42% Commodity Tracking, DBC
1.41% Microcap Russell, IWC
1.40% Growth BARRA Small Cap 600, IJT
1.32% Energy DJ, IYE
1.30% Energy SPDR, XLE
1.28% Value SmallCap S&P 600 B, IJS
1.27% Value MidCap iS M, JKI
1.25% Retail, PMR
1.24% SmallCap S&P 600, IJR
1.21% MidCap S&P 400 SPDRs, MDY
1.21% Value MidCap Russell, IWS
1.20% Value SmallCap Russell 2000, IWN
1.17% China LargeCap Growth G D H USX PS, PGJ
1.14% Value MidCap S&P 400 B, IJJ
1.14% OTC Dynamic PS, PWO
1.14% MidCap Growth iS M, JKH
1.13% MidCap S&P 400 iS, IJH
1.10% Growth MidCap 400 B, IJK
1.10% Building & Construction, PKB
1.08% MidCap VIPERs, VO
1.06% MidCap Russell, IWR
1.05% Nanotech Lux, PXN
1.04% Value Small Cap DJ, DSV
1.01% Materials SPDR, XLB
0.99% Value SmallCap Dynamic PS, PWY
0.97% Value LargeCap Fundamental RAFI 1000, PRF
0.90% Growth MidCap Russell, IWP
0.90% Software, PSJ
0.90% Growth Mid Cap Dynamic PS, PWJ
0.89% LargeCap Blend S&P=Weight R, RSP
0.87% Growth S&P 500, RPG
0.83% United Kingdom Index, EWU
0.80% MidCap Blend Core iS M, JKG
0.78% Short 200% Bond 7-10 Yr T, PST
0.78% Value MidCap Dynamic PS, PWP
0.77% Telecom Services VIPERs, VOX
0.75% Emerging 50 BLDRS, ADRE
0.73% Software H, SWH
0.72% SmallCap PS Zacks, PZJ
0.71% SmallCap Core iS M, JKJ
0.69% Ultra QQQ Double, QLD
0.66% Value LargeCap NYSE 100 iS, NY
0.65% LargeCap Blend Dynamic PS, PWC
0.64% Telecom DJ US, IYZ
0.63% Growth SmallCap Dynamic PS, PWT
0.61% Wilshire 5000 ST TM, TMW
0.60% Energy Global, IXC
0.57% Value LargeCap Russell 3000, IWW
0.56% Utilities, PUI
0.56% Value 1000 Russell, IWD
0.55% Growth Large Cap, ELG
0.54% Technology MS sT, MTK
0.53% LargeCap Blend Socially Responsible iS, KLD
0.52% Aerospace & Defense, PPA
0.51% Ultra S&P500 Double, SSO
0.47% Growth LargeCap iS M, JKE
0.47% Consumer D. VIPERs, VCR
0.46% Blend Total Market VIPERs, VTI
0.46% LargeCap 1000 R, IWB
0.44% LargeCap Blend Total Market DJ, IYY
0.41% Dividend High Yield Equity PS, PEY
0.40% Value S&P 500 B, IVE
0.39% Dividend DJ Select, DVY
0.39% Financials VIPERs, VFH
0.38% LargeCap VIPERs, VV
0.38% LargeCap Blend Russell 3000, IWV
0.38% Financial DJ US, IYF
0.38% Value VIPERs, VTV
0.38% Dividend International, PID
0.36% Pharmaceuticals, PJP
0.35% LargeCap Blend NYSE Composite iS, NYC
0.33% S&P 500 iS LargeCap Blend, IVV
0.32% Growth LargeCap NASDAQ Fidelity, ONEQ
0.32% S&P 500 SPDRs LargeCap Blend, SPY
0.32% Growth LargeCap NASDAQ 100, QQQQ
0.28% Malaysia Index, EWM
0.27% Financial SPDR, XLF
0.26% Growth S&P 500/BARRA, IVW
0.24% Growth VIPERs, VUG
0.24% LargeCap Blend S&P 1500 iS, ISI
0.23% Short 200% Dow 30 PS, DXD
0.23% Value 40 Large Low P/E FT DB, FDV
0.23% Dividend SPDR, SDY
0.22% Bond, High-Yield Corporate, HYG
0.20% Technology Global, IXN
0.19% Consumer Cyclical DJ, IYC
0.19% Hong Kong Index, EWH
0.19% Singapore Index, EWS
0.18% Food & Beverage, PBJ
0.17% Growth 1000 Russell, IWF
0.16% Health Care VIPERs, VHT
0.16% Emerging Markets, EEM
0.14% Value LargeCap Dynamic PS, PWV
0.14% Short 100% Dow 30, DOG
0.14% Growth LargeCap Russell 3000, IWZ
0.14% Asia 50 BLDRS, ADRA
0.14% Software, IGV
0.11% IPOs, First Tr IPOX-100, FPX
0.09% Financial Services DJ, IYG
0.09% Healthcare DJ, IYH
0.08% Lg Cap Growth PSD, PWB
0.07% Consumer Discretionary SPDR, XLY
0.05% Netherlands Index, EWN
0.04% Health Care SPDR, XLV
0.02% LargeCap Blend Core iS M, JKD
0.00% Capital Markets KWB ST, KCE
0.00% Value Large Cap DJ, ELV
-0.01% Bond, 1-3 Year Treasury, SHY
-0.02% Info Tech VIPERs, VGT
-0.02% LargeCap Blend S&P 100, OEF
-0.02% Developed 100 BLDRS, ADRD
-0.05% DIAMONDS , DIA
-0.05% Semiconductor SPDR, XSD
-0.07% Dividend Appreciation Vipers, VIG
-0.08% Technology GS, IGM
-0.08% Dividend Achievers PS, PFM
-0.10% Utilities VIPERs, VPU
-0.10% Utilities DJ, IDU
-0.10% Japan Index, EWJ
-0.11% Internet Architecture H, IAH
-0.12% Technology DJ US, IYW
-0.12% Value LargeCap iS M, JKF
-0.13% Bond, Aggregate, AGG
-0.20% Financials Global LargeCap Value, IXG
-0.20% Bond, TIPS, TIP
-0.21% Internet H, HHH
-0.21% Utilities SPDR, XLU
-0.23% Dividend Leaders, FDL
-0.23% Bond, 10 Year Treasury, IEF
-0.25% Internet Infrastructure H, IIH
-0.29% Europe 100 BLDRS, ADRU
-0.30% Growth EAFE MSCI, EFG
-0.31% Utilities H, UTH
-0.31% Ultra Dow30 Double, DDM
-0.32% Consumer Non-Cyclical, IYK
-0.33% Switzerland Index, EWL
-0.34% Bank Regional H, RKH
-0.34% LargeCap Rydex Rus Top 50, XLG
-0.36% Mexico Index, EWW
-0.37% Short 100% QQQ, PSQ
-0.37% Short 100% S&P 500, SH
-0.39% Technology SPDR, XLK
-0.39% EAFE Index, EFA
-0.39% Pacific VIPERs, VPL
-0.44% Consumer Staples VIPERs, VDC
-0.44% China 25 iS, FXI
-0.46% Japan LargeCap Blend TOPIX 150, ITF
-0.46% Bond, Corp, LQD
-0.47% Retail H, RTH
-0.49% South Korea Index, EWY
-0.50% Healthcare Global, IXJ
-0.52% Germany Index, EWG
-0.52% Pharmaceutical H, PPH
-0.54% Semiconductors, PSI
-0.56% France Index, EWQ
-0.57% Pacific ex-Japan, EPP
-0.59% Value EAFE MSCI, EFV
-0.59% Global Titans, DGT
-0.61% European VIPERs, VGK
-0.63% Short 200% QQQ PS, QID
-0.64% Global 100, IOO
-0.65% Consumer Staples SPDR, XLP
-0.65% Telecom H, TTH
-0.66% Short 200% S&P 500 PS, SDS
-0.67% Australia Index, EWA
-0.70% Internet B2B H, BHH
-0.71% EMU Europe Index, EZU
-0.72% Sweden Index, EWD
-0.73% Euro STOXX 50, FEZ
-0.74% Value LargeCap Euro STOXX 50 DJ, FEU
-0.76% Europe 350 S&P Index, IEV
-0.76% Taiwan Index, EWT
-0.77% Italy Index, EWI
-0.78% Spain Index, EWP
-0.79% Belgium Index, EWK
-0.99% Semiconductor iS GS, IGW
-0.99% Emerging VIPERs, VWO
-1.00% Telecommunications Global, IXP
-1.00% Bond, 20+ Years Treasury, TLT
-1.08% India Earnings WTree, EPI
-1.12% Semiconductor H, SMH
-1.13% Insurance, PIC
-1.22% Short 100% MidCap 400, MYY
-1.35% Preferred Stock iS, PFF
-2.01% Austria Index, EWO
-2.25% Short 200% MidCap 400 PS, MZZ
-3.67% Financial Preferred, PGF









