On Monday, the patron saint of that perspective, Nobel Prize-winning economist Paul Krugman, weighed in on Canada's G20 summit. Mr. Krugman called the results “deeply discouraging,” arguing that an embrace of austerity exacerbated the Great Depression and that current policy makers have likely condemned the world to a similar fate.

“We are now, I fear, in the early stages of a third depression,” Mr. Krugman wrote in his New York Times column. “It will probably look more like the Long Depression than the much more severe Great Depression. But the cost – to the world economy and, above all, to the millions of lives blighted by the absence of jobs – will nonetheless be immense.”

till, Mr. Krugman’s is a hard voice to ignore. All three of those economists said they agreed with the Nobel Prize winner’s larger point: that policy makers represent one of the biggest risks to the recovery.

“This the wrong time to be pulling the plug on fiscal stimulus,” said Carl Weinberg, chief economist with High Frequency Economics in Valhalla, N.Y.

Can Gold Continue to Grind Higher?

Can Gold Continue to Grind Higher?

Gold futures could not sustain an early rally toward record highs, due to a stronger US Dollar and commodity weakness. Despite the down day, Gold traders did get a bit of bullish news early, when the ETFS Gold Bullion Securities and ETFS Physical Gold ETFs indicated that their physical holdings climbed to a record $10 between the two funds. Given the jitters surrounding the EU, it is not surprising to see investors heading to higher ground. This indicates that European investors continue to worry that their investments could face currency risk and are looking to invest in physical assets instead of stocks, bonds and other paper investments. The effect on the Dollar-based gold market, however, remains unclear. A weaker Euro could very well help propel the greenback versus other currencies. A stronger US Dollar could mean diminished demand for commodities and weaken speculator demand for the yellow metal. The Commitment of Traders Report (COT) showed the speculative long position rose by 10,120 contracts, 8,219 of which were non-commercial reportable positions. This could be a sign that the market may be heading toward overbought levels. Many of these trades may have been placed with the expectation of friction at the G20 summit which never materialized. The focus now shifts back to the global economy and growth prospects.

Technical Notes

The August Gold chart shows prices heading toward record highs set last week, only to sell-off when the US market opened. The 20-day moving average has been the support line for the market for the past couple of weeks. A close below the average, along with the inability to make new highs, could trigger further selling and possibly signal a near-term top. Solid closes below the 1230 level could send prices down to their lowest levels in over a month. New contract highs, on the other hand, could trigger further technical buying.

Robert Kurzatkowski, Trading Specialist

Support/Resistance & Oscillators
	S2	S1	Pivot	R1	R2
Aug Gold Pivot	1218.90	1228.60	1245.90	1255.60	1272.90
Aug Gold Chart		1224.80		1265.70

14-day RSI

52.6

Today's Highlights and Economic Data
Economic Report	9:00 AM ET Case-Schiller 20-city Index 10:00 AM ET Consumer Confidence

a turning point for stocks?

The S&P 500 Composite (SPX) reversed early weakness on Friday 6/25/10 to close higher, following 4 consecutive down closes.

The SPX turned upward from an oversold position.

Price momentum oscillators showed bullish divergences.

Sentiment had turned bearish.

Cyclically, the turn came at a natural Gann cycle time: 2 months from the high on 4/26/2010 and 1 month from the low on 5/25/2010.

None of this guarantees an oversold bounce, but it does make a bounce more likely.

Industrial Stock Sector absolute price rose above its rising 200-day SMA on 6/25/10 and remains neutral.

Financial Stock Sector Relative Strength Ratio (XLF/SPY) jumped sharply above both SMAs on 6/25/10, suddenly turning bullish. Absolute price of XLF rose above 2-day highs and remains neutral.

Energy Stock Sector Relative Strength Ratio (XLE/SPY) fell further below its 50-day SMA on 6/25/10 and remains bearish. Absolute price of XLE fell below 10-day lows on 6/25/10 and remains bearishly below 50- and 200-day SMAs.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) turned bullish on 6/25/10 by rising above its 50-day SMA.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains neutral but is very close to a bullish signal. Absolute price of IWM closed above its 200 SMA on 6/25/10 and remains neutral.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains neutral but is very close to a bullish signal. Absolute price of MDY closed above its 200 SMA on 6/25/10 and remains neutral.

Crude Oil rose above 6-week highs on 6/25/10, based on closing prices only. Could be ready for another leg up. Watch for resistance at 79.74, which was the intraday high on 6/21/10.

Gold rose above 3-day highs on 6/25/10 and could be ready to test the high of 1264.8 set on 6/21/10. The main trend remains bullish.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) has been gaining strength in recent weeks, although it remains technically neutral.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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
1.54% , DSG , Growth Small Cap DJ, DSG
4.48% , TUP , TUPPERWARE
8.14% , PWER , POWER ONE
6.84% , MCO , MOODYS CORP
3.94% , HRB , H&R BLOCK
1.87% , SIRI , Sirius Satellite
4.96% , EOG , EOG RESOURCES
2.30% , ROK , ROCKWELL AUTOMAT
3.92% , AXP , AMERICAN EXPRESS
4.48% , HAL , HALLIBURTON
3.70% , LVLT , LEVEL 3 COMMUNICATIONS
2.40% , NYT , NY TIMES STK A
1.89% , SLB , SCHLUMBERGER
2.49% , HOT , STARWOOD HOTELS
1.00% , PSJ , Software, PSJ
1.41% , PWT , Growth SmallCap Dynamic PS, PWT
0.94% , CR , CRANE
3.69% , TMK , TORCHMARK
4.26% , ALL , ALLSTATE
1.62% , DLX , DELUXE
3.87% , VLO , VALERO ENERGY
0.78% , ACE , ACE
4.51% , CLF , CLIFFS NATURAL RESOURCES, CLF
2.13% , PFG , PRINCIPAL FINL
3.67% , IP , INTL PAPER
2.66% , DE , DEERE & CO
0.65% , FEU , Value LargeCap Euro STOXX 50 DJ, FEU
1.92% , IJR , SmallCap S&P 600, IJR
2.93% , ATI , ALLEGHENY TECH
1.70% , CTSH , Cognizant Technology Solutions
3.12% , IDX , Indonesia MV, IDX
3.69% , USO , Oil, Crude, U.S. Oil Fund, USO
1.55% , NIHD , NII Holdings, Inc.
3.16% , EMC , EMC
3.33% , HOG , HARLEY DAVIDSON
3.79% , ZION , ZIONS
0.91% , PXN , Nanotech Lux, PXN
3.87% , TXT , TEXTRON
5.26% , SNV , SYNOVUS
2.99% , BHI , BAKER HUGHES

Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-0.99% , PZJ , SmallCap PS Zacks, PZJ
-5.79% , BHH , Internet B2B H, BHH
-10.84% , RIMM , RESEARCH IN MOTION LTD
-9.00% , KBH , KB HOME
-2.61% , PEP , PEPSICO
-3.14% , IPG , INTERPUBLIC GRP
-2.97% , KO , COCA COLA
-1.77% , PG , PROCTER & GAMBLE
-2.46% , WMT , WAL MART STORES
-0.69% , ETFCD , E*TRADE FINANCIAL
-1.61% , XOM , EXXON MOBIL
-2.27% , TJX , TJX
-0.65% , IR , INGER RAND
-1.81% , GT , GOODYEAR TIRE
-1.97% , BF.B , BROWN FORMAN STK B
-1.27% , DYN , DYNEGY
-0.76% , BDH , Broadband H, BDH
-1.37% , CIEN.O , CIENA
-1.08% , TNB , THOMAS & BETTS
-2.06% , HSY , HERSHEY FOODS
-0.58% , CBE , COOPER INDS STK A
-1.24% , NBR , NABORS
-1.51% , JNJ , JOHNSON&JOHNSON
-1.45% , HNZ , HJ HEINZ
-0.75% , EFX , EQUIFAX
-1.88% , XTO , XTO ENERGY INC
-2.04% , GLW , CORNING
-1.61% , CL , COLGATE
-1.18% , WLP , WELLPOINT HEALTH
-0.64% , PWO , OTC Dynamic PS, PWO
-1.63% , CCE , COCA COLA ENTER
-1.03% , XLP , Consumer Staples SPDR, XLP
-4.11% , S , SPRINT NEXTEL
-1.29% , SLE , SARA LEE
-0.83% , RTN , RAYTHEON
-0.81% , EK , EASTMAN KODAK
-0.72% , COL , ROCKWELL COLLINS
-2.39% , WAG , WALGREEN
-3.47% , FRE , FREDDIE MAC
-1.04% , T , AT&T Corp., T

9 major U.S. stock sectors ranked in order of long-term relative strength:

Consumer Discretionary (XLY) Bullish, Overweight. The Relative Strength Ratio (XLY/SPY) fell below its 50-day SMA on 6/17/10, thereby turning neutral, even though it remains well above its 200-day SMA. Absolute price of XLY has remained above its 200-day SMA consistently since 2/23/09. Support 30.34. Resistance 34.39, 36.13, 38.25 and 39.09.

Industrial (XLI) Neutral, Market Weight. The Relative Strength Ratio (XLI/SPY) is stuck between 50- and 200-day SMAs and remains neutral. Absolute price rose above its rising 200-day SMA on 6/25/10 and remains neutral. Support 27.40. Resistance 33.12, 33.46, 34.24, 34.50, and 35.00.

Technology (XLK) Neutral, Market Weight. The Relative Strength Ratio (XLK/SPY) rose further above 5-month highs on 6/23/10. In contrast, absolute price fell further below its rising 200-day SMA on 6/25/10. Support 20.64. Resistance 23.27, 24.16, 24.68, and 25.69.

Consumer Staples (XLP) Neutral, Market Weight. The Relative Strength Ratio (XLP/SPY) has performed about in-line with the broader market for the past 7-months and remains neutral. Absolute price of XLP fell below its rising 200-day SMA on 6/18/10 and remains neutral. Support 25.78 and 24.95. Resistance 27.83, 27.95, 28.20, 28.75, 29.29 and 30.29.

Financial (XLF) Neutral, Market Weight. The Relative Strength Ratio (XLF/SPY) jumped sharply above both SMAs on 6/25/10, suddenly turning bullish. Absolute price of XLF rose above 2-day highs and remains neutral. Support 13.70 and 13.51. Resistance 15.05, 15.67, 16.13, 16.90, 17.12, 17.16, and 17.87.

Health Care (XLV) Neutral, Market Weight. The Relative Strength Ratio (XLV/SPY) has been consolidating in May and June and remains neutral. Absolute price of XLV remains technically bearish because price is below both SMAs and the 50 is below the 200 SMA. Support 27.96. Resistance 29.93, 30.83, 32.05, 32.18, 32.42, 32.69, 33.16, 33.37 and 33.74.

Utilities (XLU) Neutral, Market Weight. The Relative Strength Ratio (XLU/SPY) remains neutral. XLU/SPY is very near its falling 200-day SMA and above its rising 50-day SMA. The RS Ratio’s 50-day is still below the 200-day SMA. The Ratio remains neutral. Absolute price of XLU fell further below both 50- and 200-day SMAs on 6/24/10, and the 50 remains below the 200 SMA, so the XLU price trend is bearish. Support 27.44, 25.76. Resistance 30.59, 30.91, 31.64 and 32.08.

Materials (XLB) Bearish, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below 14-month lows on 6/7/10 and remains bearish. Absolute price of XLB remains bearish with the 50-day SMA below the 200-day SMA of price since 6/18/10. Support 28.55. Resistance 31.80, 33.06, 35.47, and 37.56.

Energy (XLE) Bearish, Under Weight. The Relative Strength Ratio (XLE/SPY) fell further below its 50-day SMA on 6/25/10 and remains bearish. Absolute price of XLE fell below 10-day lows on 6/25/10 and remains bearishly below 50- and 200-day SMAs. Support 50.15 Resistance 58.11, 59.84, 62.30, 62.73, 69.95, and 78.10.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) rose above 50- and 200-day SMAs on 6/21/10 and so turned neutral. The 50-day SMA remains below the 200-day SMA. Absolute price fell below both 50- and 200-day SMAs on 6/22/10, and the 50- is below the 200-day SMA, so price is bearish.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) rose above its 50-day SMA on 6/21/10 and so turned neutral. Absolute price of EFA fell below 10-month lows on 5/25/10 and remains bearish.

NASDAQ 100/S&P 500 Relative Strength Ratio moved further above 50- and 200-day SMAs on 6/15/10 and remains bullish. The RS Ratio rose above 9-year highs on 6/4/10, giving a major bullish signal.

NASDAQ Composite/S&P 500 Relative Strength Ratio fell below its 50-day SMA on 6/21/10, turning neutral again. Absolute price of the NASDAQ fell below its 200-day SMA on 6/24/10 and remains neutral.

Russell 1000 Value ETF Relative Strength Ratio (IWD/SPY) turned bullish on 6/25/10 by rising above its 50-day SMA. Absolute price of IWD fell below its 200-day SMA on 6/22/10 and remains neutral.

Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) remains neutral. Absolute price of IWF fell below its 200-day SMA on 6/22/10 and remains neutral.

The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above 7-year highs on 6/15/10 and remains bullish. Absolute price of RSP closed below its 200 SMA on 6/24/10 and remains neutral.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) fell below the lows of the previous 30 years on 6/15/10 and remains bearish. Big caps have been 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) remains neutral but is very close to a bullish signal. Absolute price of IWM closed above its 200 SMA on 6/25/10 and remains neutral.

The S&P MidCap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains neutral but is very close to a bullish signal. Absolute price of MDY closed above its 200 SMA on 6/25/10 and remains neutral.

Crude Oil nearest futures contract rose above 6-week highs on 6/25/10, based on closing prices only. Could be ready for another leg up. Watch for resistance at 79.74, which was the intraday high on 6/21/10. Oil’s Ascending Triangle bottom still allows an objective above 80, but probably not right away. Support 74.74, 69.51, 67.15, 65.05, and 64.24. Resistance 79.74, 81.29, 87.15, 90.51, 98.65, and 102.84.

Gold nearest futures contract rose above 3-day highs on 6/25/10 and could be ready to test the high of 1264.8 set on 6/21/10. The main trend remains bullish. Support 1216.2, 1196.9, 1168.0, 1156.2, 1124.3, 1084.8, 1045.2, 1026.9 and 989.3. Resistance: 1264.8.

Gold Mining Stocks ETF (GDX) Relative Strength Ratio (relative to the Gold bullion ETF, GDX/GLD) has been gaining strength in recent weeks, although it remains technically neutral, with the 50-day SMA still below the 200 SMA.

Silver/Gold Ratio turned bearish on 5/17/10 when it crossed below both 50- and 200-day SMAs, with the 50-day SMA below the 200-day SMA.

Copper nearest futures price rose above 3-week highs on 6/25/10, signaling a new short-tem uptrend. Strength in Copper suggests confidence about prospects for the world economy. Support 2.8445 and 2.72. Resistance 3.187, 3.2675, 3.3225, 3.795 and 4.27.

U.S. Treasury Bond nearest futures contract price rose to 4-week highs on 6/24/10 but found resistance and closed lower, thereby raising doubts about the short term trend. Support 122.15, 121.06, 119.26, 118.24, 118.12, 115.15, 114.06. 113.04, and 112.15. Resistance 126.05, 126.15, and 130.31.

Junk/Investment-Grade Corporate Bonds Relative Strength Ratio (JNK/LQD) fell sharply on 6/22/10 and is now bearish, with the 50- below the 200-day SMA.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio (TIP/IEF) fell below 8-month lows on 6/24/10 and is RELATIVELY bearish. This implies that investors are choosing less inflation protection. Absolute price of TIP remains bullish.

The U.S. dollar nearest futures contract price sagged toward a test of its 6/21/10 low of 85.36. The USD chart “needs work” in order to confirm an end the recent 3-week downside correction. Support 85.36, 85.325, 83.07, 81.74, 80.14, 79.73, 79.61, 78.83, 78.20, 76.74 and 75.90. Resistance 89.22, 89.71, and 92.53.

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. The Art of Contrary Thinking is best used together with more precise market timing tools.

Advisory Service Sentiment: There were 41.1% Bulls versus 31.1% Bears as of 6/25/10, according to the weekly Investors Intelligence survey of stock market newsletter advisors. The Bull/Bear ratio rose to 1.32, up from 1.14 the previous week. The current Bull/Bear ratio has fallen substantially from its peak at 3.36 set on 1/13/10, which was the highest bullish sentiment in 6 years. The 20-year range is 0.41 to 3.74, the median is 1.51, and the mean is 1.57.

VIX Fear Index fell to 22.87 on 6/21/10 but has been rising since. VIX peaked at 48.20 on 5/21/10. A rising VIX suggests increasing bearish sentiment. 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 fell to 23.12 on 6/18/10 but has been rising since. VXN peaked at 48.89 on 5/21/10. A rising VXN suggests increasing bearish sentiment. VXN measures NASDAQ Volatility using a method comparable to that used for VIX.

ISEE Call/Put Ratio fell to .059 on 5/7/10, a low level that indicates bearish sentiment. Its 2-year mean is 1.20, and its typical range is 0.69 to 1.71, which represents two standard deviations from the mean.

CBOE Put/Call Ratio rose to 0.96 on 5/20/10, its highest level of the year. A high level indicates bearish sentiment. The 2-year mean is 0.70, and the typical range is 0.44 to 0.96, which represents two standard deviations from the mean.

The Dow Theory again confirmed a Bullish Major Trend on 4/26/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 18 months. The Dow Theory 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. That 7/23/09 bullish signal reversed the previous bearish 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 Composite (SPX) reversed early weakness on Friday 6/25/10 to close higher following 4 consecutive down closes. The SPX turned upward from an oversold position. Price momentum oscillators showed bullish divergences. Sentiment had turned bearish. Cyclically, the turn came at a natural Gann cycle time: 2 months from the high on 4/26/2010 and 1 month from the low on 5/25/2010. None of this guarantees an oversold bounce, but it does make a bounce more likely. The May-June bottom still allows an upside projection above 1160. Support 1040.78, 1029.38, 1019.95, 1012.42, and 1008.55. Resistance 1086.01, 1075.33, 1096.68, 1130.29, 1151.41, 1173.57, 1181.49, 1219.80, 1220.03, and 1228.74.

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
1220.03, high of 9/25/2008
1219.80, high of 4/26/2010
1181.49, Fibonacci 78.6% of 2010 range
1173.57, high of 5/13/2010
1151.41, Fibonacci 61.8% of 2010 range
1131.23, high of 6/21/2010
1130.29, Gann 50.0% of 2010 range
1096.68, Fibonacci 38.2% of May-June bounce
1086.01, Gann 50.0% of May-June bounce
1075.33, Fibonacci 61.8% of May-June bounce

S&P 500 Cash Index Potential Support
1067.89, low of 6/25/2010
1040.78, low of 5/25/2010
1029.38, low of 11/2/2009
1019.95, low of 10/2/2009
1012.42, Gann 37.5% of 2009-2010 range
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

3.69% Oil, Crude, U.S. Oil Fund, USO
3.12% Indonesia MV, IDX
2.77% Realty Cohen & Steers, ICF
2.70% Financial SPDR, XLF
2.69% REIT Wilshire, RWR
2.67% Metals & Mining SPDR, XME
2.63% India PS, PIN
2.61% Financials VIPERs, VFH
2.60% Value SmallCap S&P 600, RZV
2.59% Financial Services DJ, IYG
2.55% Real Estate US DJ, IYR
2.52% REIT VIPERs, VNQ
2.34% Financial DJ US, IYF
2.25% Silver Trust iS, SLV
2.19% Microcap Russell, IWC
2.16% India Earnings WTree, EPI
2.09% Brazil Index, EWZ
2.05% Biotech SPDR, XBI
1.98% Value SmallCap Russell 2000, IWN
1.92% SmallCap S&P 600, IJR
1.91% Value SmallCap S&P 600 B, IJS
1.82% Commodity Tracking, DBC
1.79% Turkey MSCI iS, TUR
1.79% Capital Markets KWB ST, KCE
1.78% Value SmallCap VIPERS, VBR
1.77% Mexico Index, EWW
1.72% SmallCap Russell 2000, IWM
1.70% Russia MV, RSX
1.64% Growth SmallCap R 2000, IWO
1.63% WilderHill Clean Energy PS, PBW
1.58% Growth SmallCap VIPERs, VBK
1.53% South Africa Index, EZA
1.51% Small Cap VIPERs, VB
1.50% Basic Materials DJ US, IYM
1.48% Materials SPDR, XLB
1.45% Latin Am 40, ILF
1.41% Singapore Index, EWS
1.40% Growth BARRA Small Cap 600, IJT
1.38% Italy Index, EWI
1.35% Value MidCap Russell, IWS
1.28% Dividend High Yield Equity PS, PEY
1.26% Thailand MSCI iS, THD
1.21% Emerging 50 BLDRS, ADRE
1.21% Value MidCap S&P 400 B, IJJ
1.20% Gold Shares S.T., GLD
1.20% MidCap S&P 400 iS, IJH
1.18% Emerging Markets, EEM
1.18% Natural Resource iS GS, IGE
1.15% China LargeCap Growth G D H USX PS, PGJ
1.14% MidCap S&P 400 SPDRs, MDY
1.11% Chile MSCI iS, ECH
1.11% Emerging VIPERs, VWO
1.07% Growth MidCap 400 B, IJK
1.05% MidCap Russell, IWR
1.01% Spain Index, EWP
1.01% China 25 iS, FXI
0.97% Dividend International, PID
0.95% Pacific VIPERs, VPL
0.95% Small Cap EAFE MSCI iS, SCZ
0.92% Austria Index, EWO
0.88% Canada Index, EWC
0.85% Pacific ex-Japan, EPP
0.81% Global ex US ACWI iS, ACWX
0.79% Belgium Index, EWK
0.79% Value EAFE MSCI, EFV
0.77% Industrial SPDR, XLI
0.76% Water Resources, PHO
0.75% Transportation Av DJ, IYT
0.75% Bond Ex-US Treas, BWX
0.72% Hong Kong Index, EWH
0.71% Value 1000 Russell, IWD
0.61% Growth MidCap Russell, IWP
0.61% Value VIPERs, VTV
0.60% Malaysia Index, EWM
0.59% Australia Index, EWA
0.59% Switzerland Index, EWL
0.58% LargeCap Blend S&P=Weight R, RSP
0.58% EAFE Index, EFA
0.57% Dividend DJ Select, DVY
0.57% Utilities VIPERs, VPU
0.56% Value S&P 500 B, IVE
0.52% LargeCap Blend Russell 3000, IWV
0.51% LargeCap VIPERs, VV
0.51% Blend Total Market VIPERs, VTI
0.51% Sweden Index, EWD
0.50% Dividend SPDR, SDY
0.47% LargeCap 1000 R, IWB
0.46% Bond, High-Yield Corporate, HYG
0.46% Growth EAFE MSCI, EFG
0.45% Utilities SPDR, XLU
0.45% Health Care SPDR, XLV
0.43% Preferred Stock iS, PFF
0.43% European VIPERs, VGK
0.42% Japan Index, EWJ
0.42% Energy VIPERs, VDE
0.42% S&P 500 SPDRs LargeCap Blend, SPY
0.41% Bond, 20+ Years Treasury, TLT
0.40% S&P 500 iS LargeCap Blend, IVV
0.37% Energy DJ, IYE
0.37% EMU Europe Index, EZU
0.35% Bond, TIPS, TIP
0.34% Semiconductor SPDR, XSD
0.31% Growth VIPERs, VUG
0.29% Consumer Discretionary SPDR, XLY
0.29% Energy SPDR, XLE
0.28% Semiconductor iS GS, IGW
0.26% Homebuilders SPDR, XHB
0.25% Financial Preferred, PGF
0.24% Growth S&P 500/BARRA, IVW
0.23% Global 100, IOO
0.21% Europe 350 S&P Index, IEV
0.21% LargeCap Blend S&P 100, OEF
0.17% Bond, Corp, LQD
0.17% Netherlands Index, EWN
0.16% Bond, 10 Year Treasury, IEF
0.16% DIAMONDS (DJIA), DIA
0.14% Bond, Aggregate, AGG
0.10% Info Tech VIPERs, VGT
0.08% Bond Muni ATM-Free S&P iS, MUB
0.05% France Index, EWQ
0.04% Bond, 1-3 Year Treasury, SHY
0.02% South Korea Index, EWY
-0.03% Bond EmrgMkt JPM iS, EMB
-0.06% Value LargeCap Dynamic PS, PWV
-0.06% Growth 1000 Russell, IWF
-0.10% Telecom DJ US, IYZ
-0.11% Dividend Appreciation Vipers, VIG
-0.12% Technology SPDR, XLK
-0.13% Energy Global, IXC
-0.15% Technology DJ US, IYW
-0.15% Germany Index, EWG
-0.18% Growth LargeCap NASDAQ 100, QQQQ
-0.26% Taiwan Index, EWT
-0.28% United Kingdom Index, EWU
-0.33% Agriculture DB PS, DBA
-0.58% Networking, IGN
-1.03% Consumer Staples SPDR, XLP