Stock Market: Day 2 of Spinning Tops and Minor Downside Reversals.

An 8-week upside breakout requires follow-through for confirmation. But now, follow-through is lackluster at best, with reversals, choppy action, and volume that is only at modest levels.

For the second consecutive day, the S&P 500 and the Nasdaq Composite briefly broke out to new 8-week price highs intraday, but the market rejected the higher prices and the indexes closed well below their highs of the day.

For the second consecutive day, stock indexes formed Spinning Tops, Japanese Candlestick Chart patterns with shadows longer than their real bodies. This indicates indecision, a standoff of bullish and bearish forces. Two Spinning Tops in a row are more significant than one.

Short-term Minor Ripple movements are most unpredictable.

Every Primary Tide Trend contains within it counter-trend Secondary Reactions and many counter-trend Minor Ripples.

Counter-trend movements are difficult to play profitably. They are far more unpredictable than Primary Tide Trends, which dominate markets and can last for years.

There is no change in my conclusion. The Bearish Primary Tide Trend dominates the stock market. Financial risks remain elevated. Prudent investors may continue to focus on capital preservation.

On Tuesday, major stock price indexes gapped up on the open and extended the rise until 10:00 a.m., which proved to be the high of the day. For the second consecutive day, indexes broke out to new 8-week price highs, but the market rejected the higher prices. Prices fell away rapidly after 10:00 a.m., quickly closing the opening gap. Prices bottomed at 11:08 a.m., then spent the rest of the day churning up and down within the early range. Stocks ended the day below the open, below the midpoint of the day’s range, but above the previous close. The Standard & Poor's 500 cash index (934.70) closed up 7.25 points, or 0.78%. Total NYSE volume rose 10%, reflecting better attendance after the holidays.

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
1.36% , FPX , IPOs, First Tr IPOX-100, FPX
3.85% , MTK , Technology MS sT, MTK
18.64% , CIEN.O , CIENA
5.61% , RPV , Value S&P 500, RPV
20.00% , CAR , Avis Budget Group, Inc. (CAR)
2.71% , RFG , Growth MidCap S&P 400, RFG
2.42% , ADRA , Asia 50 BLDRS, ADRA
11.14% , ERTS , ELECTRONIC ARTS
4.12% , PSI , Semiconductors, PSI
11.17% , LPX , LOUISIANA PAC
14.85% , PRU , PRUDENTIAL FINL
8.37% , RFV , Value MidCap S&P 400, RFV
7.61% , NOVL , NOVELL
1.02% , EWK , Belgium Index, EWK
12.01% , GNW , GENWORTH FINANCIAL (NYSE:GNW)
3.60% , IAH , Internet Architecture H, IAH
10.96% , RHT , Red Hat Inc.
8.20% , HPQ , HEWLETT PACKARD
3.49% , HHH , Internet H, HHH
3.89% , BDH , Broadband H, BDH
10.84% , LVLT , LEVEL 3 COMMUNICATIONS
9.49% , CVG , CONVERGYS
1.56% , PWT , Growth SmallCap Dynamic PS, PWT
2.18% , DSG , Growth Small Cap DJ, DSG
14.00% , PLD , PROLOGIS TRUST
7.60% , LM , LEGG MASON
7.63% , KLAC , KLA TENCOR
13.85% , DYN , DYNEGY
11.12% , MS , MORGAN STANLEY
14.67% , LNC , LINCOLN NATL
14.22% , HIG , HARTFORD FINL
8.53% , AMAT , APPLIED MATERIAL
7.98% , A , AGILENT TECH
6.77% , BRCM , BROADCOM STK A
5.38% , MOLX , MOLEX
13.87% , BC , BRUNSWICK
11.17% , ASH , ASHLAND
1.89% , VOX , Telecom Services VIPERs, VOX
25.71% , VC , VISTEON
10.80% , SLM , SLM CORP

Bearish Stocks: Falling Price and Rising Volume
% Price Change, Symbol, Name
-17.17% , BHH , Internet B2B H, BHH
-6.49% , LH , LAB CRP OF AMER
-5.50% , RAI , RJR TOBACCO HLDS
-5.88% , DGX , QUEST DIAG
-4.93% , SYK , STRYKER
-3.57% , ROH , ROHM & HAAS
-6.78% , LIZ , LIZ CLAIRBORNE
-4.91% , KR , KROGER
-5.14% , DLTR , Dollar Tree Stores Inc
-3.27% , ABT , ABBOTT LABS
-2.77% , PM , Philip Morris, PM
-1.28% , PMR , Retail, PMR
-4.66% , SWY , SAFEWAY
-3.80% , FDO , FAMILY DLR STRS
-4.14% , GRMN , GARMIN LTD
-2.30% , ACS , AFFILIATED COMPUTER
-2.49% , ACE , ACE
-5.59% , TAP , ADOLPH COORS STK B, TAP
-0.51% , IYK , Consumer Non-Cyclical, IYK
-2.20% , CEG , CONSTELL ENERGY
-2.11% , GIS , GENERAL MILLS
-0.77% , UTH , Utilities H, UTH
-2.66% , XRAY , DENTSPLY International Inc
-2.72% , ADM , ARCHER DANIELS
-0.52% , PBJ , Food & Beverage, PBJ
-1.90% , MZZ , Short 200% MidCap 400 PS, MZZ
-2.23% , GENZ , GENZYME GEN
-1.12% , EWO , Austria Index, EWO
-0.99% , MYY , Short 100% MidCap 400, MYY
-1.32% , HNZ , HJ HEINZ
-1.24% , MON , MONSANTO
-3.17% , FRX , FOREST LABS STK A

9 Major U.S. Stock Sectors
Ranked on Latest One-Day Price Change
% Price Change, Sector ETF, Symbol
2.32% Technology SPDR, XLK
2.24% Materials SPDR, XLB
2.20% Industrial SPDR, XLI
1.69% Consumer Discretionary SPDR, XLY
1.61% Financial SPDR, XLF
1.09% Energy SPDR, XLE
-1.43% Utilities SPDR, XLU
-1.48% Consumer Staples SPDR, XLP
-1.63% Health Care SPDR, XLV

Primary Tide Trends for the 9 major sectors can last for years. Here are my up-to-date Relative Strength Rankings, as measured with emphasis on these long-term Primary Tide Trends (listed in order of long-term relative strength):

Consumer Staples (XLP) Neutral, Market Weight. On 11/20/08, XLP/SPY Relative Strength Ratio rose to a new 10-year high. All 9 sectors have lost in 2008, but XLP has lost least.

Health Care (XLV) Neutral, Market Weight. On 11/20/08, XLV/SPY Relative Strength Ratio rose to a new 4-year high.

Utilities (XLU) Neutral, Market Weight. On 11/21/08, the XLU/SPY Relative Strength Ratio rose to a new 10-year high.

Consumer Discretionary (XLY) Bearish, Underweight. On 11/21/08, XLY absolute price fell to its lowest level in 10 years. The Relative Strength Ratio (XLY/SPY) has been trending down since 1/5/05 and fell to a new 7-year low on 11/19/08.

Energy (XLE) Bearish, Underweight. On 10/10/08, the XLE absolute price hit another new 18-month intraday low.

Technology (XLK) Bearish, Underweight. On 11/21/08, the XLK absolute price fell to a new 5-year low.

Industrial (XLI) Bearish, Underweight. On 11/21/08, the XLI absolute price fell to a new 5-year low.

Materials (XLB) Bearish, Underweight. On 11/20/08, the XLB absolute price fell to a new 5-year low.

Financial (XLF) Bearish, Underweight. On 11/21/08, the XLF absolute price hit another new 10-year low. In addition, the XLF long-term trend of Relative Strength Ratio (XLF/SPY) has been trending down since 2/20/07 and fell to a new 10-year low on 11/21/08.

The relative performance measurements of the 9 major sectors have indicated for many months a clear preference for defensive stocks that are insulated to a degree from economic downturns.

Foreign stock index EFA Relative Strength Ratio has improved since 10/27/08 but still has underperformed the S&P 500 since 11/27/07. EFA absolute price fell to a new 5-year low on 11/20/08 and has been in a falling trend since 10/31/07. EFA is the ETF representing the EAFE, the international developed country stock markets, ex the U.S. and Canada.

NASDAQ Composite remains Bearish. Relative Strength has been underperforming the S&P 500 since 8/14/08. On 11/21/08, the absolute price made another new 5-year low, reconfirming absolute long-term trend weakness.

Growth Stock/Value Stock Relative Strength Ratio fell to a new 10-month low on 12/8/08. The ratio has been trending down since it peaked on 7/15/08.

The Small Cap/Large Cap Relative Strength Ratio has stabilized since making a low on 11/19/08. Still, it is in a downtrend since it peaked on 9/19/08.

Crude Oil February futures contract price rose above the highs of the previous 3 weeks but reversed to close lower. Oil’s short-term Minor Ripple trend now appears uncertain, but its longer-term main trend remains Bearish. On 12/24/08, oil broke down to another new 4-year low at 35.13. Oil traded at 147.27 on July 11, 2008. U.S. OIL FUND ETF (AMEX: USO) is not a pure play on Crude Oil, although it generally moves in the same direction.

The Energy stock sector outperformed Crude Oil since 10/9/08. Still, crude oil price weakness has been a drag on Energy stocks, which have underperformed the Standard & Poor's 500 since 7/1/08.

Gold February futures contract recovered a normal fraction of Monday’s steeper loss. On 1/5/09, Gold price broke down below the lows of the previous 4 trading days, turning the short-term trend Bearish. Gold remains in an intermediate-term Bullish trend. On 12/29/08, Gold jumped up to a new 2-month price high. Longer term, Gold has been in a downtrend since the peak of 1,033.90 on 3/17/08.

Gold Mining stocks have firmed since 10/27/08 but still have underperformed Gold futures on a major trend basis over the past year.

U.S. Treasury Bond March futures contract price broke down below the lows of the previous 5 weeks. Bonds’ short-term Minor Ripple trend remains down. On 12/18/08, the long Bond rose to another new all-time high price, confirming the major Bullish trend.

Bond quality spreads are Bearish. LQD/TLT Relative Strength Ratio fell to multi-year new lows on 12/19/08. This implies that Bond investors are seriously concerned about the economic outlook. LQD/TLT is iShares iBoxx $ Invest Grade Corp Bond ETF (LQD) price divided by 20+ Years US Treasury Bond ETF price (TLT).

The Bond market expects deflation. The TIP/TLT Ratio fell to a new 5-year low on 11/24/08. TIP/TLT is the iShares Lehman TIPS Bond ETF price (TIP) divided by 20+ Years US Treasury Bond ETF price (TLT).

The U.S. dollar price rose again to another new 3 week high. The day-to-day minor Ripple trend remains Bullish. The longer-term trend might still be Bearish, however. On 12/17/08, the dollar broke down below the lows of the previous 10 weeks, confirming a significant Bearish trend.

The Art of Contrary Thinking: It is important to recognize that although surveys indicated significant Bearish sentiment nearly all year in 2008, that did not keep the stock market from suffering one of its biggest yearly declines on record. Contrary Thinking alone is not sufficient. It must be tempered by means of more precise market timing tools.

Advisory Service Sentiment: There were 38.5% Bulls versus 38.5% Bears as of 12/31/08, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio was 1.00, up from 0.91 the previous week. The ratio’s 38-year range is 0.28 to 17.51, and the median is 1.47.

VIX Fear Index, now at 38.56, fell to a new 3-month low and remains in a 6-week downtrend. Its 18-year high was 80.86 set on 11/20/08. Its 18-year low was 9.89 on 1/24/07. 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, now at 39.71, recovered slightly, just a day after falling to a new 3-month low. VXN remains in a 6-week downtrend. Its 7-year high was 80.64 set on 11/20/08. Its record high was 114.23 on 10/8/98. Its record low was 12.61 on 7/29/05. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

CBOE Put/Call Ratio is 0.73, which indicates moderately Bearish sentiment. Its 4-year mean and median are 0.62, and its 4-year range is 0.35 to 1.28.

ISEE Call/Put Ratio is 1.07, which indicates Bearish sentiment. On 12/29/08, the ratio popped up to 2.06, indicating Bullish sentiment. The ratio’s 4-year mean is 1.50, 4-year median is 1.47, and 4-year range is 0.51 to 3.16.

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. Famous value investors, who buy stocks when they are “cheap” based on “solid fundamentals”, badly underestimated the depth of the business downturn. They substantially underperformed a very weak stock market in 2008. Economic statistics and corporate earnings were much worse than expected in 2008 and could continue to surprise on the downside during 2009.

The Dow Theory last reconfirmed a Primary Tide Bear Market on 11/20/08, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed below their previous lowest closing prices of 2005-2008. These two Averages originally signaled a Primary Tide Bear Market on 11/21/07, when both closed below their closing price lows of August, 2007.

The breadth of the market has been in a Bearish trend long term since June 2007. The number of New Lows has exceeded the number of New Highs most days for 17 months, since July 2007, and that is one sign of a Bear Market. On 11/20/08, the Cumulative Daily Advance-Decline Lines for the NYSE and for the NASDAQ both fell to new 2-year lows, reconfirming that the major breadth trends remain Bearish.

To discover the next Resistance, traders probably will be watching how the market acts at the following levels for the Standard & Poor's 500 cash index (934.70):

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
1,366.59, 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
1,220.03, high of 9/25/2008
1,077.08, Fibonacci 61.8% of 2002-2007 upmove
1,044.31, high of 10/14/2008
1,007.51, high of 11/4/2008

To discover the next Support, traders probably will be watching how the market acts at the following levels for the S&P 500 cash index (934.70):

Potential Support
851.35, low of 12/12/2008
741.02, low of 11/21/2008
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

8.37% Value MidCap S&P 400, RFV
6.52% Value SmallCap S&P 600, RZV
5.95% Semiconductor SPDR, XSD
5.80% Hardware & Electronics, PHW
5.70% Brazil Index, EWZ
5.61% Value S&P 500, RPV
5.60% Realty Cohen & Steers, ICF
5.58% REIT Wilshire, RWR
5.39% Semiconductor iS GS, IGW
5.00% REIT VIPERs, VNQ
4.96% Real Estate US DJ, IYR
4.81% Semiconductor H, SMH
4.81% Oil Services H, OIH
4.77% Oil & Gas, PXJ
4.68% Networking, IGN
4.38% Networking, PXQ
4.18% Latin Am 40, ILF
4.12% Semiconductors, PSI
3.89% Broadband H, BDH
3.85% Technology MS sT, MTK
3.66% Nanotech Lux, PXN
3.63% Technology Global, IXN
3.60% Internet Architecture H, IAH
3.57% Metals & Mining SPDR, XME
3.49% Internet H, HHH
3.24% Technology GS, IGM
3.23% Value SmallCap Dynamic PS, PWY
3.22% Homebuilders SPDR, XHB
3.15% Australia Index, EWA
3.14% Basic Materials DJ US, IYM
3.13% Info Tech VIPERs, VGT
3.13% SmallCap PS Zacks, PZJ
3.12% Value SmallCap iS M, JKL
2.90% Emerging 50 BLDRS, ADRE
2.81% Capital Markets KWB ST, KCE
2.73% Technology DJ US, IYW
2.71% Growth MidCap S&P 400, RFG
2.64% Leisure & Entertainment, PEJ
2.63% Software H, SWH
2.62% Commodity Tracking, DBC
2.56% Transportation Av DJ, IYT
2.50% Canada Index, EWC
2.50% SmallCap Core iS M, JKJ
2.46% United Kingdom Index, EWU
2.45% Micro Cap Zachs, PZI
2.45% Ultra MidCap400 Double, MVV
2.43% Value 40 Large Low P/E FT DB, FDV
2.42% Asia 50 BLDRS, ADRA
2.34% South Korea Index, EWY
2.33% LargeCap Blend S&P=Weight R, RSP
2.32% Value MidCap iS M, JKI
2.32% Technology SPDR, XLK
2.26% Emerging Markets, EEM
2.24% Materials SPDR, XLB
2.22% Building & Construction, PKB
2.20% Industrial SPDR, XLI
2.19% Financials Global LargeCap Value, IXG
2.19% South Africa Index, EZA
2.18% Growth Small Cap DJ, DSG
2.17% Natural Resource iS GS, IGE
2.16% Value SmallCap VIPERS, VBR
2.13% Pacific ex-Japan, EPP
2.08% Small Cap VIPERs, VB
2.07% Silver Trust iS, SLV
2.07% Growth LargeCap NASDAQ Fidelity, ONEQ
2.04% Hong Kong Index, EWH
2.04% Ultra QQQ Double, QLD
2.04% Extended Mkt VIPERs, VXF
2.02% Microcap Russell, IWC
2.01% Growth SmallCap iS M, JKK
1.97% Materials VIPERs, VAW
1.96% Telecom DJ US, IYZ
1.95% WilderHill Clean Energy PS, PBW
1.94% Dividend International, PID
1.92% Software, IGV
1.91% Industrial LargeCap Blend DJ US, IYJ
1.89% Telecom Services VIPERs, VOX
1.88% Financials VIPERs, VFH
1.87% Telecommunications & Wireless, PTE
1.81% European VIPERs, VGK
1.80% Growth SmallCap VIPERs, VBK
1.79% Financial DJ US, IYF
1.78% Emerging VIPERs, VWO
1.77% Sweden Index, EWD
1.77% MidCap Blend Core iS M, JKG
1.77% Software, PSJ
1.74% Energy Exploration & Prod, PXE
1.74% Industrials VIPERs, VIS
1.69% SmallCap Russell 2000, IWM
1.69% Consumer Discretionary SPDR, XLY
1.68% Value SmallCap Russell 2000, IWN
1.65% MidCap VIPERs, VO
1.65% Value SmallCap S&P 600 B, IJS
1.62% Ultra S&P500 Double, SSO
1.61% Financial SPDR, XLF
1.61% Consumer D. VIPERs, VCR
1.57% Value MidCap S&P 400 B, IJJ
1.56% Growth SmallCap Dynamic PS, PWT
1.56% MidCap Russell, IWR
1.55% Value MidCap Russell, IWS
1.52% Growth MidCap Russell, IWP
1.48% Value Small Cap DJ, DSV
1.46% Growth 1000 Russell, IWF
1.45% Internet Infrastructure H, IIH
1.44% Value EAFE MSCI, EFV
1.44% Energy VIPERs, VDE
1.40% Financial Services DJ, IYG
1.38% Growth SmallCap R 2000, IWO
1.36% IPOs, First Tr IPOX-100, FPX
1.34% MidCap S&P 400 SPDRs, MDY
1.32% Developed 100 BLDRS, ADRD
1.25% Growth LargeCap Russell 3000, IWZ
1.23% Aerospace & Defense, PPA
1.22% Europe 350 S&P Index, IEV
1.20% MidCap Growth iS M, JKH
1.20% MidCap S&P 400 iS, IJH
1.20% Global Titans, DGT
1.19% OTC Dynamic PS, PWO
1.14% SmallCap S&P 600, IJR
1.14% Growth MidCap 400 B, IJK
1.13% LargeCap Blend NYSE Composite iS, NYC
1.12% Growth BARRA Small Cap 600, IJT
1.12% Wilshire 5000 ST TM, TMW
1.11% Value MidCap Dynamic PS, PWP
1.09% Energy SPDR, XLE
1.07% EAFE Index, EFA
1.06% Netherlands Index, EWN
1.06% Energy DJ, IYE
1.05% Growth Large Cap, ELG
1.04% LargeCap Blend S&P 1500 iS, ISI
1.03% Taiwan Index, EWT
1.03% LargeCap Blend Russell 3000, IWV
1.02% Ultra Dow30 Double, DDM
1.02% Belgium Index, EWK
1.00% Growth LargeCap NASDAQ 100, QQQQ
1.00% Value LargeCap Euro STOXX 50 DJ, FEU
0.98% EMU Europe Index, EZU
0.98% Europe 100 BLDRS, ADRU
0.98% Growth VIPERs, VUG
0.97% LargeCap Blend Total Market DJ, IYY
0.97% Water Resources, PHO
0.97% LargeCap Blend Socially Responsible iS, KLD
0.96% Consumer Cyclical DJ, IYC
0.95% Growth Mid Cap Dynamic PS, PWJ
0.95% Dividend SPDR, SDY
0.93% Growth EAFE MSCI, EFG
0.92% India Earnings WTree, EPI
0.92% Italy Index, EWI
0.89% Value S&P 500 B, IVE
0.87% Mexico Index, EWW
0.85% Euro STOXX 50, FEZ
0.83% Blend Total Market VIPERs, VTI
0.81% China LargeCap Growth G D H USX PS, PGJ
0.81% Value VIPERs, VTV
0.80% Value LargeCap Fundamental RAFI 1000, PRF
0.79% LargeCap VIPERs, VV
0.77% Gold Shares S.T., GLD
0.75% Growth LargeCap iS M, JKE
0.75% Value LargeCap Russell 3000, IWW
0.74% Bond, TIPS, TIP
0.72% Lg Cap Growth PSD, PWB
0.71% Growth S&P 500/BARRA, IVW
0.69% LargeCap Blend Core iS M, JKD
0.67% S&P 500 SPDRs LargeCap Blend, SPY
0.63% S&P 500 iS LargeCap Blend, IVV
0.62% Energy Global, IXC
0.60% LargeCap 1000 R, IWB
0.55% Spain Index, EWP
0.55% Global 100, IOO
0.55% Value Large Cap DJ, ELV
0.54% Dividend Growth PS, PHJ
0.52% Dividend High Yield Equity PS, PEY
0.50% DIAMONDS (DJIA), DIA
0.45% Value LargeCap NYSE 100 iS, NY
0.39% LargeCap Blend Dynamic PS, PWC
0.39% Switzerland Index, EWL
0.38% France Index, EWQ
0.34% Japan LargeCap Blend TOPIX 150, ITF
0.34% Value 1000 Russell, IWD
0.33% Growth S&P 500, RPG
0.33% Insurance, PIC
0.33% Bank Regional H, RKH
0.32% Germany Index, EWG
0.32% China 25 iS, FXI
0.27% Value LargeCap Dynamic PS, PWV
0.26% Dividend DJ Select, DVY
0.18% LargeCap Rydex Rus Top 50, XLG
0.17% Dividend Achievers PS, PFM
0.17% Bond, Corp, LQD
0.14% LargeCap Blend S&P 100, OEF
0.05% Retail H, RTH
0.05% Bond, 1-3 Year Treasury, SHY
-0.05% Dividend Appreciation Vipers, VIG
-0.06% Bond, 10 Year Treasury, IEF
-0.08% Value LargeCap iS M, JKF
-0.13% Oil, Crude, U.S. Oil Fund, USO
-0.14% Pacific VIPERs, VPL
-0.20% Value Line Timeliness MidCap Gr, PIV
-0.38% Dividend Leaders, FDL
-0.39% Malaysia Index, EWM
-0.40% Singapore Index, EWS
-0.47% Telecommunications Global, IXP
-0.51% Consumer Non-Cyclical, IYK
-0.52% Food & Beverage, PBJ
-0.56% Bond, Aggregate, AGG
-0.57% Utilities DJ, IDU
-0.63% Biotech H, BBH
-0.64% Biotech & Genome, PBE
-0.67% Short 100% Dow 30, DOG
-0.68% Short 100% S&P 500, SH
-0.77% Utilities H, UTH
-0.81% Telecom H, TTH
-0.88% Consumer Staples VIPERs, VDC
-0.89% Healthcare Global, IXJ
-0.96% Japan Index, EWJ
-0.96% Biotech SPDR, XBI
-0.99% Short 100% MidCap 400, MYY
-1.00% Short 100% QQQ, PSQ
-1.01% Bond, 20+ Years Treasury, TLT
-1.05% Utilities VIPERs, VPU
-1.07% Pharmaceutical H, PPH
-1.12% Austria Index, EWO
-1.18% Short 200% Dow 30 PS, DXD
-1.22% Short 200% S&P 500 PS, SDS
-1.24% Health Care VIPERs, VHT
-1.28% Retail, PMR
-1.35% Healthcare DJ, IYH
-1.43% Utilities SPDR, XLU
-1.48% Consumer Staples SPDR, XLP
-1.54% Utilities, PUI
-1.63% Health Care SPDR, XLV
-1.70% Pharmaceuticals, PJP
-1.89% Short 200% QQQ PS, QID
-1.90% Short 200% MidCap 400 PS, MZZ
-17.17% Internet B2B H, BHH