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Daily Stock Market Update


Stock Market: consolidating gains.

The S&P 500 made little progress on Tuesday and Wednesday, following its 13-month high at 1,113.69, intraday, on Monday, 11/16/2009. The index remains above 50- and 200-day simple moving averages, which continue to rise bullishly.

Advisory Service Bull/Bear ratio jumped to 2.16, up from 1.66 the previous week. This above the 39-year median and mean.

Consumer Discretionary Stock Sector Relative Strength Ratio rose to another new 6-month high on 11/18/09, again confirming the preexisting bullish trend for the intermediate term. XLY/SPY is above 50- and 200-day simple moving averages, which are rising bullishly. XLY has been at the top of my rankings for many months.

Utilities Relative Strength Ratio fell further below previous 24-month lows on 11/18/09, again confirming the preexisting downtrends in all time frames. XLU has underperformed since 11/21/08, as the appetite for risk recovered.


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

44.29% , ABK , AMBAC FINL GRP
0.68% , ADRU , Europe 100 BLDRS, ADRU
10.57% , AMD , ADV MICRO DEV
3.66% , CL , COLGATE
9.03% , ETFC.O , E*TRADE FINANCIAL
7.76% , MTG , MGIC INVESTMENT
7.27% , FRE , FREDDIE MAC
4.00% , FNM , FANNIE MAE
2.78% , PNW , PINNACLE WEST
7.07% , SLM , SLM CORP
4.70% , DE , DEERE & CO
2.44% , BHH , Internet B2B H, BHH
4.30% , MI , MARSHAL & ILSLEY
2.63% , FITB , FIFTH THIRD BANC
0.94% , PPH , Pharmaceutical H, PPH
10.09% , MBI , MBIA
3.30% , KEY , KEYCORP
3.68% , BAC , BANK OF AMERICA
4.71% , SPG , SIMON PROP GRP
4.05% , RF , REGIONS FINAN
6.76% , S , SPRINT NEXTEL
0.22% , IXJ , Healthcare Global, IXJ
3.43% , MON , MONSANTO
2.48% , MRK , MERCK & CO
4.58% , PHM , PULTE HOMES
0.81% , CLX , CLOROX
1.34% , PETM , PETsMART Inc
2.27% , AZO , AUTOZONE
1.33% , LTD , LIMITED BRANDS
2.37% , HIG , HARTFORD FINL
2.26% , ZMH , ZIMMER HLDGS
2.89% , HBAN , HUNTINGTON
2.17% , FDO , FAMILY DLR STRS
1.18% , C , CITIGROUP
0.72% , BBT , BB&T
0.58% , FAST , Fastenal Company
1.35% , BAX , BAXTER INTL
0.39% , ADI , ANALOG DEVICES
2.06% , PDCO , Patterson Dental Company
0.26% , VHT , Health Care VIPERs, VHT

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name

-10.37% , ADSK , AUTODESK
-4.34% , PMCS , PMC SIERRA
-0.85% , PXE , Energy Exploration & Prod, PXE
-4.76% , SNV , SYNOVUS
-3.14% , GWW , WW GRAINGER
-2.98% , PLL , PALL
-0.75% , PWT , Growth SmallCap Dynamic PS, PWT
-3.11% , MU , MICRON TECH
-3.51% , LM , LEGG MASON
-0.60% , PHO , Water Resources, PHO
-2.83% , LIZ , LIZ CLAIRBORNE
-2.05% , ALTR , ALTERA
-2.52% , TLAB , TELLABS
-3.14% , NYT , NY TIMES STK A
-2.53% , GNTX , Gentex Corporation
-1.27% , HANS , Hansen Natural, HANS
-0.55% , IAH , Internet Architecture H, IAH
-2.89% , WHR , WHIRLPOOL
-2.33% , XTO , XTO ENERGY INC
-1.28% , ITF , Japan LargeCap Blend TOPIX 150, ITF
-0.97% , IIH , Internet Infrastructure H, IIH
-0.91% , PXQ , Networking, PXQ
-1.50% , GILD , Gilead Sciences Inc
-1.62% , SNPS , Synopsys Inc
-0.90% , JKJ , SmallCap Core iS M, JKJ
-1.99% , SNDK , SanDisk Corporation
-0.73% , PSI , Semiconductors, PSI
-0.56% , EPP , Pacific ex-Japan, EPP
-1.97% , BHI , BAKER HUGHES
-2.00% , RIG , TRANSOCEAN
-0.26% , IXN , Technology Global, IXN
-1.43% , SIAL , SIGMA ALDRICH
-0.53% , PZJ , SmallCap PS Zacks, PZJ
-1.54% , VIA.B , VIACOM STK B
-0.84% , XBI , Biotech SPDR, XBI
-1.62% , EWZ , Brazil Index, EWZ
-1.22% , PPG , PPG INDUSTRIES
-1.37% , CAR , Avis Budget Group, Inc.
-0.74% , WAG , WALGREEN
-2.27% , 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 rose to another new 6-month high on 11/18/09, again confirming the preexisting bullish trend for the intermediate term. XLY/SPY is above 50- and 200-day simple moving averages, which are rising bullishly. XLY has been at the top of my rankings for many months.

Technology Neutral, Market Weight. The Relative Strength Ratio rose to another new 3-month high on 11/13/09, confirming the preexisting bullish trend for the intermediate term. XLK/SPY is above 50- and 200-day simple moving averages, which are rising bullishly. XLK/SPY rose to its highest level in 7 years on 7/22/09, confirming the preexisting bullish trend for the long term.

Materials Neutral, Market Weight. The Relative Strength Ratio rose above the highs of the previous 8 weeks on 11/17/09. XLB/SPY is in bullish relative trends for the short, intermediate, and long terms. XLB/SPY has moved above 50- and 200-day simple moving averages, which are now rising bullishly.

Industrial Neutral, Market Weight. The Relative Strength Ratio rose above the highs of the previous 7 weeks on 11/16/09, again confirming the preexisting short-term uptrend. XLI/SPY is above 50- and 200-day simple moving averages, which are rising bullishly.

Consumer Staples Neutral, Market Weight. The Relative Strength Ratio has been underperforming for nearly a year, since11/20/08. XLP/SPY is below its 200-day simple moving average, which is falling bearishly. This defensive sector underperforms when investors feel more confident and seek greater risk, and it outperforms when investors move away from risk.

Health Care Bearish, Underweight. The Relative Strength Ratio broke down below previous 8-day lows on 11/16/09. XLV/SPY broke down below previous 12-month lows on 10/22/09, which was a bearish signal for the longer term. XLV/SPY is below its 200-day simple moving average, which is falling bearishly.

Energy Neutral, Market Weight. The Relative Strength Ratio fell below the lows of the previous 5 weeks on 11/12/09, confirming a short-term downtrend. XLE/SPY is below its 200-day simple moving average, which is falling bearishly. 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 fell further below the lows of the previous 15 weeks on 11/17/09, again confirming the preexisting bearish trend for the intermediate-term--and probably for the long-term as well. XLF/SPY is below its 50-day simple moving average, which is falling bearishly.

Utilities Bearish, Underweight. The Relative Strength Ratio fell further below previous 24-month lows on 11/18/09, again confirming the preexisting downtrends in all time frames. XLU has underperformed since 11/21/08, as the appetite for risk recovered.

Emerging Markets Stocks ETF Relative Strength Ratio surged to a 4-week high on 11/16/09 and looks bullish for the short-term. Longer 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 below the lows of the previous 12 weeks on 11/18/09, again confirming a preexisting downside correction for the intermediate term. EFA/SPY remains below its 50-day simple moving average, which is falling bearishly.

NASDAQ Composite/S&P 500 Relative Strength Ratio has been underperforming since 7/23/09. The Ratio remains below its falling 50-day simple moving average.

Growth Stock/Value Stock Relative Strength Ratio rose further above the highs of the previous 13 weeks on 11/13/09, again confirming the preexisting bullish trend for the intermediate term. IWF/IWD was in a major long-term 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 fell below the lows of the previous 15 weeks on 11/17/09, again confirming the preexisting bearish trend. 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 has been in an intermediate-term downtrend since 9/16/09. The ratio had been in a strong uptrend from 11/19/08 to 9/16/09. That uptrend may resume once the current downside correction is over. The Ratio is below its 50-day simple moving average, which is falling bearishly, but it is above its rising 200-day simple moving average.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio has been trending down for nearly a year, since the peak on 11/20/08. OEX/SPX remains below its 200-day simple moving average, which is falling bearishly.

The Small Cap/Large Cap Relative Strength Ratio fell further below the lows of the previous 6 months on 11/12/09, again confirming the preexisting bearish trend. IWM/SPY remains below its 50- and 200-day simple moving averages.

The Mid Cap/Large Cap Relative Strength Ratio broke down to a new 13-week low on 11/2/09, indicating a downside correction. MDY/SPY is below its 50-day simple moving average, which is falling bearishly, but it is above its rising 200-day simple moving average. The major secular trend since 1999 remains bullish.

Crude Oil nearest futures contract price has recovered most of its mild loss over the past 4 weeks. Oil fell below the lows of the previous 4 weeks on 11/13/09, which should have been a bearish signal for the short term but might prove to be a false breakdown shakeout. Oil has been in a moderate downside correction since making a high of 82.00 on 10/21/09. Long term, Oil remains in a bullish major trend with upside objectives significantly above current levels. Potential support may be seen around the high of 75.00 set on 8/25/09. Oil made a 153% gain made from the low at 32.40 on 12/19/08 to the high of 82.00 on 10/21/09 and is considered relatively strong for the year.

Gold nearest futures contract price rose to another new all-time high of 1153.4 on 11/18/09, again confirming preexisting bullish trends in all time frames. Technical supports might be found around previous highs and lows at 1123.4, 1101.2, 1080.5, 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 upside resistance, and big upside objectives are readable on the charts. Gold has been outperforming the S&P 500 since 8/24/09.

Gold Mining Stocks ETF Relative Strength Ratio rose to its highest level in nearly 4 weeks on 11/16/09, which is a bullish signal for the short term. The Ratio is above 50- and 200-day simple moving averages. It remains below the 14-month high set on 9/17/09, but not far below. The trend from the low set on 10/27/08 to high set on 9/17/09 was bullish for both Gold bullion and Gold Mining Stocks.

Silver/Gold Ratio rose further above the highs of the previous 3 weeks on 11/18/09, again confirming the short-term trend as bullish. The Ratio is below its 50-day simple moving average, which is falling bearishly, but it is above its rising 200-day simple moving average. A rising trend of the Silver/Gold Ratio suggests growing confidence about global economic prospects, while a falling trend suggests doubts.

Copper nearest futures contract price broke out to a new 14-month high of 3.1720 on 11/18/09, confirming bullish trends in all time frames. Rising copper prices suggest growing confidence about global economic prospects, while falling copper prices suggest doubts.

U.S. Treasury Bond nearest futures contract price rose above the highs of the previous 5 weeks on 11/17/09, which should be bullish for the short term. The Bond found support around the previous lows of 117.10 set on 11/12/09 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 6 weeks on 11/16/09, again confirming the preexisting bearish trend for the short term. JNK/LQD has been in a downside corrective trend since 10/26/09. 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 another new 13-month high on 11/9/09, again confirming a bullish long-term trend. Bond investors may be growing increasingly concerned about the inflation outlook, despite assurances of tame inflation by economists.

The U.S. dollar nearest futures contract price fell below the lows of the previous 15 months on 11/16/09, again confirming the preexisting 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 46.1% Bulls versus 21.3% Bears as of 11/18/09, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 2.16, up from 1.66 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 collapsed to 21.60 on 11/11/09 from a 16-week high of 31.84 on 11/2/09, indicating plunging 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 collapsed to 22.01 on 11/18/09 from a 16-week high of 31.42 on 11/2/09, indicating plunging 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 1.51 on 11/11/09, a level 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 0.53 on 11/11/09, a level indicating bullish 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
1,113.69, high of 11/16/2009

S&P 500 Cash Index Potential Support
1,084.90, low of 11/12/2009
1,066.83, high of 10/29/2009
1,029.38, low of 11/2/2009
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


2.44% Internet B2B H, BHH
1.87% REIT Wilshire, RWR
1.86% Realty Cohen & Steers, ICF
1.82% REIT VIPERs, VNQ
1.65% Real Estate US DJ, IYR
1.28% Short 200% US T Bond, TBT
1.13% Austria Index, EWO
1.04% Short 200% QQQ PS, QID
0.96% Spain Index, EWP
0.96% Bank Regional H, RKH
0.94% Pharmaceutical H, PPH
0.85% Short 200% MidCap 400 PS, MZZ
0.81% Financial SPDR, XLF
0.77% Financials VIPERs, VFH
0.72% Financial Services DJ, IYG
0.70% Financial DJ US, IYF
0.68% Europe 100 BLDRS, ADRU
0.66% Germany Index, EWG
0.60% Short 100% QQQ, PSQ
0.59% Belgium Index, EWK
0.56% Health Care SPDR, XLV
0.55% Silver Trust iS, SLV
0.54% Telecommunications Global, IXP
0.47% Oil, Crude, U.S. Oil Fund, USO
0.43% EMU Europe Index, EZU
0.43% Value SmallCap iS M, JKL
0.42% Euro STOXX 50, FEZ
0.42% Telecom H, TTH
0.41% South Korea Index, EWY
0.40% Value LargeCap iS M, JKF
0.40% Switzerland Index, EWL
0.39% Short 100% MidCap 400, MYY
0.38% Financial Preferred, PGF
0.38% Value LargeCap Fundamental RAFI 1000, PRF
0.35% Value Large Cap DJ, ELV
0.33% Short 200% Bond 7-10 Yr T, PST
0.32% Healthcare DJ, IYH
0.29% WilderHill Clean Energy PS, PBW
0.26% Health Care VIPERs, VHT
0.26% Retail H, RTH
0.25% Gold Shares S.T., GLD
0.24% Value 1000 Russell, IWD
0.23% Telecommunications & Wireless, PTE
0.22% Healthcare Global, IXJ
0.20% Value LargeCap Russell 3000, IWW
0.20% Value SmallCap S&P 600 B, IJS
0.19% Value S&P 500 B, IVE
0.19% France Index, EWQ
0.19% Value VIPERs, VTV
0.16% Global 100, IOO
0.14% Netherlands Index, EWN
0.14% Value SmallCap Russell 2000, IWN
0.13% Short 200% Dow 30 PS, DXD
0.13% LargeCap Rydex Rus Top 50, XLG
0.13% Value Small Cap DJ, DSV
0.09% Preferred Stock iS, PFF
0.08% Short 200% S&P 500 PS, SDS
0.08% Commodity Tracking, DBC
0.08% Dividend Achievers PS, PFM
0.08% LargeCap Blend S&P 100, OEF
0.07% Europe 350 S&P Index, IEV
0.07% Homebuilders SPDR, XHB
0.06% Short 100% Dow 30, DOG
0.05% Value LargeCap NYSE 100 iS, NY
0.05% Value MidCap iS M, JKI
0.05% Consumer Non-Cyclical, IYK
0.05% Value 40 Large Low P/E FT DB, FDV
0.05% Italy Index, EWI
0.04% Short 100% S&P 500, SH
0.02% European VIPERs, VGK
0.00% Value S&P 500, RPV
0.00% Materials SPDR, XLB
0.00% Dividend Leaders, FDL
0.00% Dividend International, PID
0.00% Dividend High Yield Equity PS, PEY
0.00% Bond, 1-3 Year Treasury, SHY
-0.01% Consumer Staples VIPERs, VDC
-0.02% LargeCap Blend Socially Responsible iS, KLD
-0.02% Software H, SWH
-0.03% S&P 500 iS LargeCap Blend, IVV
-0.03% Bond, TIPS, TIP
-0.03% Materials VIPERs, VAW
-0.03% LargeCap Blend Core iS M, JKD
-0.04% Value SmallCap VIPERS, VBR
-0.04% DIAMONDS , DIA
-0.04% Sweden Index, EWD
-0.05% Telecom Services VIPERs, VOX
-0.05% Ultra S&P500 Double, SSO
-0.05% Telecom DJ US, IYZ
-0.06% Pharmaceuticals, PJP
-0.06% S&P 500 SPDRs LargeCap Blend, SPY
-0.07% Value SmallCap S&P 600, RZV
-0.07% LargeCap 1000 R, IWB
-0.07% Blend Total Market VIPERs, VTI
-0.07% LargeCap Blend Total Market DJ, IYY
-0.07% Consumer Staples SPDR, XLP
-0.08% LargeCap Blend Russell 3000, IWV
-0.08% LargeCap Blend S&P 1500 iS, ISI
-0.08% Dividend Appreciation Vipers, VIG
-0.09% Value EAFE MSCI, EFV
-0.09% Retail, PMR
-0.10% Financials Global LargeCap Value, IXG
-0.11% LargeCap Blend NYSE Composite iS, NYC
-0.11% Growth LargeCap iS M, JKE
-0.11% Value MidCap Russell, IWS
-0.12% LargeCap VIPERs, VV
-0.12% South Africa Index, EZA
-0.14% Wilshire 5000 ST TM, TMW
-0.16% Ultra Dow30 Double, DDM
-0.16% Growth EAFE MSCI, EFG
-0.16% Consumer Cyclical DJ, IYC
-0.17% SmallCap S&P 600, IJR
-0.17% Consumer D. VIPERs, VCR
-0.18% Value LargeCap Dynamic PS, PWV
-0.19% Microcap Russell, IWC
-0.19% Value MidCap S&P 400 B, IJJ
-0.20% SmallCap Russell 2000, IWM
-0.20% Growth LargeCap Russell 3000, IWZ
-0.21% Global Titans, DGT
-0.21% Bond, Aggregate, AGG
-0.21% Micro Cap Zachs, PZI
-0.23% Dividend SPDR, SDY
-0.23% Canada Index, EWC
-0.23% Leisure & Entertainment, PEJ
-0.23% India Earnings WTree, EPI
-0.23% Dividend DJ Select, DVY
-0.25% Bond, 10 Year Treasury, IEF
-0.26% Bond, High-Yield Corporate, HYG
-0.26% Growth S&P 500/BARRA, IVW
-0.26% Technology Global, IXN
-0.26% Metals & Mining SPDR, XME
-0.26% Extended Mkt VIPERs, VXF
-0.27% Growth VIPERs, VUG
-0.27% Malaysia Index, EWM
-0.27% Consumer Discretionary SPDR, XLY
-0.28% LargeCap Blend S&P=Weight R, RSP
-0.28% Growth 1000 Russell, IWF
-0.29% Small Cap VIPERs, VB
-0.29% Capital Markets KWB ST, KCE
-0.32% Taiwan Index, EWT
-0.32% EAFE Index, EFA
-0.32% Insurance, PIC
-0.33% Bond, Corp, LQD
-0.33% Growth Large Cap, ELG
-0.34% IPOs, First Tr IPOX-100, FPX
-0.35% Software, PSJ
-0.38% Semiconductor SPDR, XSD
-0.38% Internet H, HHH
-0.38% Industrials VIPERs, VIS
-0.39% Lg Cap Growth PSD, PWB
-0.39% Energy SPDR, XLE
-0.39% Utilities H, UTH
-0.40% MidCap Russell, IWR
-0.41% Utilities DJ, IDU
-0.41% MidCap Blend Core iS M, JKG
-0.41% MidCap S&P 400 iS, IJH
-0.41% Utilities, PUI
-0.42% Utilities VIPERs, VPU
-0.43% MidCap S&P 400 SPDRs, MDY
-0.44% Energy DJ, IYE
-0.44% Utilities SPDR, XLU
-0.45% MidCap VIPERs, VO
-0.45% Industrial LargeCap Blend DJ US, IYJ
-0.46% Australia Index, EWA
-0.46% Energy VIPERs, VDE
-0.47% Growth LargeCap NASDAQ Fidelity, ONEQ
-0.48% Basic Materials DJ US, IYM
-0.50% Value SmallCap Dynamic PS, PWY
-0.53% SmallCap PS Zacks, PZJ
-0.53% Industrial SPDR, XLI
-0.54% Technology SPDR, XLK
-0.54% Natural Resource iS GS, IGE
-0.54% Aerospace & Defense, PPA
-0.55% Technology GS, IGM
-0.55% Internet Architecture H, IAH
-0.55% Growth LargeCap NASDAQ 100, QQQQ
-0.56% Pacific ex-Japan, EPP
-0.56% LargeCap Blend Dynamic PS, PWC
-0.58% Growth SmallCap R 2000, IWO
-0.59% Bond, 20+ Years Treasury, TLT
-0.59% Technology DJ US, IYW
-0.59% Growth S&P 500, RPG
-0.60% Water Resources, PHO
-0.61% Growth Mid Cap Dynamic PS, PWJ
-0.61% Technology MS sT, MTK
-0.61% Value LargeCap Euro STOXX 50 DJ, FEU
-0.61% Biotech H, BBH
-0.63% Growth MidCap Russell, IWP
-0.64% Info Tech VIPERs, VGT
-0.64% Growth MidCap 400 B, IJK
-0.64% United Kingdom Index, EWU
-0.65% Growth MidCap S&P 400, RFG
-0.66% Growth SmallCap VIPERs, VBK
-0.66% Transportation Av DJ, IYT
-0.67% Building & Construction, PKB
-0.67% Energy Global, IXC
-0.70% Singapore Index, EWS
-0.70% Food & Beverage, PBJ
-0.71% Growth Small Cap DJ, DSG
-0.71% OTC Dynamic PS, PWO
-0.73% China LargeCap Growth G D H USX PS, PGJ
-0.73% Growth BARRA Small Cap 600, IJT
-0.73% Semiconductors, PSI
-0.73% Value MidCap Dynamic PS, PWP
-0.75% Asia 50 BLDRS, ADRA
-0.75% Growth SmallCap Dynamic PS, PWT
-0.76% Developed 100 BLDRS, ADRD
-0.79% Pacific VIPERs, VPL
-0.79% Emerging Markets, EEM
-0.80% Nanotech Lux, PXN
-0.80% Semiconductor iS GS, IGW
-0.80% Growth SmallCap iS M, JKK
-0.81% Value Line Timeliness MidCap Gr, PIV
-0.82% Emerging VIPERs, VWO
-0.82% Emerging 50 BLDRS, ADRE
-0.83% Oil Services H, OIH
-0.84% Biotech SPDR, XBI
-0.85% Energy Exploration & Prod, PXE
-0.88% Software, IGV
-0.89% MidCap Growth iS M, JKH
-0.90% SmallCap Core iS M, JKJ
-0.93% Ultra MidCap400 Double, MVV
-0.95% Semiconductor H, SMH
-0.97% Internet Infrastructure H, IIH
-1.01% Mexico Index, EWW
-1.03% Ultra QQQ Double, QLD
-1.05% Japan Index, EWJ
-1.17% Hong Kong Index, EWH
-1.25% Networking, IGN
-1.26% Oil & Gas, PXJ
-1.28% Japan LargeCap Blend TOPIX 150, ITF
-1.30% China 25 iS, FXI
-1.42% Latin Am 40, ILF
-1.46% Biotech & Genome, PBE
-1.62% Brazil Index, EWZ

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About the author


Robert W. Colby
Senior Analyst, TraderPlanet.com

Robert W. Colby is managing director of Colby Research in New York and the author of The Encyclopedia of Technical Market Indicators, Second Edition, which has become the standard reference work throughout the world for technical indicators and trading systems design.

Colby’s firm develops research methods and custom investment decision-making systems for institutional and private clients. Colby also writes daily technical market analysis and strategy comments for an experimental educational service exploring investment strategy ideas for professional investors and traders.

He previously was a proprietary trader at Schonfeld Securities with complete profit-and-loss responsibility for one of the firm’s equities trading accounts and was senior technical research analyst and vice president at Smith Barney in New York in the 1980s, writing daily and weekly reports and making thousands of presentations to institutional and individual investors. He created an objective technical and quantitative ranking system for stock selection across the full spectrum of industry groups, foreign and domestic stocks.

A graduate of Ohio State University with a BS in finance, Colby is a Chartered Market Technician (CMT) and a member of the Market Technicians Association since 1980.

He also has been a part-time professor at New York University and NewYork Institute of Finance, developing several new courses.

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