U.S. stocks ended the first day of the second quarter mostly in the red. The S&P 500 (SPX: 1,562.17) finished lower by 0.45%, Nasdaq Composite Index declined 0.87%, the Dow Jones Industrial Average eased lower by just 0.04%, and the Dow Jones Transportation Average fell 1.49%. Breadth was more than 2 to 1 negative, with 1280 Advances and 2712 Declines. Volume was nearly 3 to 1 Declining over Advancing stocks.
Cyclical stock sectors, including Materials, Industrials, Consumer Discretionary, and Technology suffered the biggest declines in recent days. Semiconductors, Home Builders, and Transportation industry groups also have been relatively week.
Meanwhile, Health Care, Consumer Staples, Energy, and Utilities have held up much better.
The diverging price action among the major sectors suggests a more cautions investor attitude toward the economic outlook.
The S&P 500 Composite Index set new record high close price last week when it closed above 1,565.15, which was its record high close set on 10/9/2007. One has to wonder if that might have been a Bull Trap, similar to the higher high in October 2007, just before the 50% wipe out of 2008-9.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
|
0.56% |
Turkey MSCI iS, TUR |
|
0.54% |
Bond, 20+ Years Treasury, TLT |
|
0.35% |
Realty Cohen & Steers, ICF |
|
0.32% |
Real Estate US DJ, IYR |
|
0.30% |
REIT VIPERs, VNQ |
|
0.29% |
REIT Wilshire, RWR |
|
0.13% |
Health Care SPDR, XLV |
|
0.13% |
Bond, 10 Year Treasury, IEF |
|
0.13% |
Gold Shares S.T., GLD |
|
0.02% |
DIAMONDS (DJIA), DIA |
|
0.02% |
Bond Ex-US Treas, BWX |
|
0.00% |
Commodity Tracking, DBC |
|
0.00% |
Financial Preferred, PGF |
|
0.00% |
Value LargeCap Dynamic PS, PWV |
|
-0.01% |
Bond Muni ATM-Free S&P iS, MUB |
|
-0.01% |
Bond Treasury Short-Term iS, SHV |
|
-0.01% |
Bond, 1-3 Year Treasury, SHY |
|
-0.02% |
Bond, TIPS, TIP |
|
-0.05% |
Consumer Staples SPDR, XLP |
|
-0.11% |
Energy DJ, IYE |
|
-0.12% |
Telecom DJ US, IYZ |
|
-0.13% |
Energy Global, IXC |
|
-0.14% |
Bond, Aggregate, AGG |
|
-0.15% |
Taiwan Index, EWT |
|
-0.15% |
Value VIPERs, VTV |
|
-0.15% |
Agriculture DB PS, DBA |
|
-0.20% |
Oil, Crude, U.S. Oil Fund, USO |
|
-0.20% |
Energy SPDR, XLE |
|
-0.20% |
Energy VIPERs, VDE |
|
-0.23% |
Utilities SPDR, XLU |
|
-0.24% |
LargeCap Blend S&P 100, OEF |
|
-0.24% |
Value S&P 500 B, IVE |
|
-0.26% |
Value 1000 Russell, IWD |
|
-0.27% |
Utilities VIPERs, VPU |
|
-0.29% |
Bond EmrgMkt JPM iS, EMB |
|
-0.30% |
Dividend International, PID |
|
-0.32% |
Dividend Appreciation Vipers, VIG |
|
-0.33% |
S&P 500 iS LargeCap Blend, IVV |
|
-0.33% |
LargeCap VIPERs, VV |
|
-0.34% |
Bond, High-Yield Corporate, HYG |
|
-0.34% |
Pacific ex-Japan, EPP |
|
-0.35% |
Canada Index, EWC |
|
-0.35% |
Global 100, IOO |
|
-0.37% |
Growth LargeCap NASDAQ 100, QQQQ |
|
-0.37% |
LargeCap 1000 R, IWB |
|
-0.39% |
Bond, High-Yield Junk, JNK |
|
-0.39% |
Dividend DJ Select, DVY |
|
-0.40% |
S&P 500 SPDRs LargeCap Blend, SPY |
|
-0.41% |
Australia Index, EWA |
|
-0.41% |
Switzerland Index, EWL |
|
-0.45% |
Growth S&P 500/BARRA, IVW |
|
-0.45% |
Bond, Corp, LQD |
|
-0.45% |
Dividend SPDR, SDY |
|
-0.46% |
Sweden Index, EWD |
|
-0.47% |
Financials VIPERs, VFH |
|
-0.47% |
India Earnings WTree, EPI |
|
-0.49% |
Financial DJ US, IYF |
|
-0.49% |
Financial SPDR, XLF |
|
-0.49% |
Germany Index, EWG |
|
-0.51% |
Value MidCap Russell, IWS |
|
-0.52% |
Preferred Stock iS, PFF |
|
-0.52% |
LargeCap Blend S&P=Weight R, RSP |
|
-0.53% |
Europe 350 S&P Index, IEV |
|
-0.53% |
Blend Total Market VIPERs, VTI |
|
-0.55% |
EMU Europe Index, EZU |
|
-0.55% |
India PS, PIN |
|
-0.57% |
Dividend High Yield Equity PS, PEY |
|
-0.57% |
European VIPERs, VGK |
|
-0.58% |
LargeCap Blend Russell 3000, IWV |
|
-0.58% |
Growth VIPERs, VUG |
|
-0.60% |
United Kingdom Index, EWU |
|
-0.60% |
Growth 1000 Russell, IWF |
|
-0.60% |
France Index, EWQ |
|
-0.62% |
Energy & Nat Res iS GS, IGE |
|
-0.63% |
Belgium Index, EWK |
|
-0.66% |
Technology SPDR, XLK |
|
-0.68% |
Mexico Index, EWW |
|
-0.70% |
Austria Index, EWO |
|
-0.72% |
Thailand MSCI iS, THD |
|
-0.74% |
South Africa Index, EZA |
|
-0.75% |
Consumer Discretionary SPDR, XLY |
|
-0.77% |
Financial Services DJ, IYG |
|
-0.78% |
Netherlands Index, EWN |
|
-0.79% |
MidCap Russell, IWR |
|
-0.80% |
Emerging 50 BLDRS, ADRE |
|
-0.87% |
Materials SPDR, XLB |
|
-0.87% |
Emerging VIPERs, VWO |
|
-0.88% |
Chile MSCI iS, ECH |
|
-0.90% |
Growth MidCap Russell, IWP |
|
-0.91% |
Hong Kong Index, EWH |
|
-0.91% |
Value SmallCap VIPERS, VBR |
|
-0.92% |
Latin Am 40, ILF |
|
-0.93% |
Singapore Index, EWS |
|
-0.94% |
Brazil Index, EWZ |
|
-0.96% |
Value MidCap S&P 400 B, IJJ |
|
-0.97% |
Small Cap VIPERs, VB |
|
-0.98% |
MidCap S&P 400 iS, IJH |
|
-1.00% |
MidCap S&P 400 SPDRs, MDY |
|
-1.00% |
Value SmallCap S&P 600 B, IJS |
|
-1.03% |
Global ex US ACWI iS, ACWX |
|
-1.04% |
South Korea Index, EWY |
|
-1.05% |
Frontier Markets Guggenheim , FRN |
|
-1.06% |
Info Tech VIPERs, VGT |
|
-1.06% |
SmallCap S&P 600, IJR |
|
-1.06% |
Value SmallCap Russell 2000, IWN |
|
-1.07% |
Malaysia Index, EWM |
|
-1.07% |
Growth EAFE MSCI, EFG |
|
-1.08% |
Emerging Markets, EEM |
|
-1.10% |
China LargeCap Growth G D H USX PS, PGJ |
|
-1.12% |
Growth MidCap 400 B, IJK |
|
-1.12% |
Growth SmallCap VIPERs, VBK |
|
-1.15% |
Technology DJ US, IYW |
|
-1.19% |
Networking, IGN |
|
-1.21% |
Microcap Russell, IWC |
|
-1.22% |
China 25 iS, FXI |
|
-1.22% |
Industrial SPDR, XLI |
|
-1.23% |
Russia MV, RSX |
|
-1.24% |
Silver Trust iS, SLV |
|
-1.27% |
Growth BARRA Small Cap 600, IJT |
|
-1.27% |
Indonesia MV, IDX |
|
-1.32% |
Value EAFE MSCI, EFV |
|
-1.33% |
Growth SmallCap R 2000, IWO |
|
-1.34% |
Spain Index, EWP |
|
-1.34% |
SmallCap Russell 2000, IWM |
|
-1.36% |
Biotech SPDR, XBI |
|
-1.37% |
EAFE Index, EFA |
|
-1.44% |
Basic Materials DJ US, IYM |
|
-1.44% |
Italy Index, EWI |
|
-1.46% |
Transportation Av DJ, IYT |
|
-1.53% |
Capital Markets KWB ST, KCE |
|
-1.57% |
Water Resources, PHO |
|
-1.70% |
Homebuilders SPDR, XHB |
|
-1.82% |
Silver Miners Global X, SIL |
|
-1.84% |
WilderHill Clean Energy PS, PBW |
|
-1.98% |
Small Cap EAFE MSCI iS, SCZ |
|
-2.04% |
Semiconductor iS IGW, SOXX |
|
-2.15% |
Pacific VIPERs, VPL |
|
-2.45% |
Metals & Mining SPDR, XME |
|
-2.54% |
Semiconductor SPDR, XSD |
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1570.57, high of 4/1/2013
The S&P 500 Composite Potential Support
1538.57, low of 3/19/2013
1525.46, 50-day SMA
1485.01, low of 2/26/2013
1474.51, high of 9/14/2012
1463.76, low of 1/15/2013
1451.64, low on 1/8/13
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1436.36, 200-day SMA
