Composite fell 15.90 points or 1.19%) on Monday. SPX closed below its 50-day simple moving average, below the lows of the previous 4 weeks, and below a 9-month uptrendline. Most other indexes and indicators confirmed the downtrend.
Financial SPDR stock sector ETF Relative Strength Ratio fell below 2-year lows and remains bearish. Absolute price fell below 5-month lows.
Emerging Markets Stocks ETF Relative Strength Ratio fell below 11-week lows and remains bearish.
Foreign Stocks ETF Relative Strength Ratio fell below 8-week lows. The Ratio gave a bearish signal on 5/11/11.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year Relative Strength Ratio fell below 13-week lows, again reconfirming a medium-term downtrend. TIP/IEF entered a downtrend after peaking on 4/8/11. This downtrend means that fixed-income investors now prefer the unprotected 7-10 Year U.S. Treasury Note ETF over the inflation-protected TIPs. Inflation expectations are dying.
The U.S. dollar rose above highs of the previous 7 weeks, reconfirming an uptrend.
According to Alistair Barr, reporting for MarketWatch.com, some of the world's largest hedge-fund firms suffered losses so far in May: Paulson Advantage Fund -3.93%, FX Concepts GCP Fund -4.13%, Bridgewater Associates -2.09%, Armajaro's Commodities fund -4.32%, Tudor Momentum Fund Limited -5.6%, Lynx Fund -5.77%, Caxton's Hawk Fund -3.54%, Aspect Diversified -5.6%, and Winton Capital Management Fund -3.34%.
But not all money managers are down in May; see:
The Colby Global Markets Report .
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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
3.15% , MZZ , Short 200% MidCap 400 PS, MZZ
1.43% , MYY , Short 100% MidCap 400, MYY
1.07% , DOG , Short 100% Dow 30, DOG
0.99% , NOC , NORTHROP GRUMMAN
2.11% , DXD , Short 200% Dow 30 PS, DXD
1.46% , PSQ , Short 100% QQQ, PSQ
1.13% , SH , Short 100% S&P 500, SH
1.19% , FDO , FAMILY DLR STRS
0.33% , NSM , NATL SEMICONDUCT
2.88% , QID , Short 200% QQQ PS, QID
0.92% , MBI , MBIA
1.51% , MON , MONSANTO
0.27% , MUB , Bond Muni ATM-Free S&P iS, MUB
2.08% , SPLS , STAPLES
2.34% , SDS , Short 200% S&P 500 PS, SDS
0.55% , ECL , ECOLAB
0.54% , MTG , MGIC INVESTMENT
0.30% , EFX , EQUIFAX
0.40% , MO , ALTRIA, MO
0.21% , MCD , MCDONALDS
0.35% , NEM , NEWMONT MINING
0.48% , TLT , Bond, 20+ Years Treasury, TLT
0.29% , WAG , WALGREEN
0.14% , IEF , Bond, 10 Year Treasury, IEF
0.30% , TLH , Bond 10-20 Year US Treas, TLH
0.10% , SLE , SARA LEE
0.03% , SHV , Bond Treasury Short-Term iS, SHV
0.07% , AZO , AUTOZONE
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-50.69% , FAST , Fastenal Company
-4.11% , KWT , Solar Energy MV, KWT
-2.15% , ADRU , Europe 100 BLDRS, ADRU
-1.64% , IAH , Internet Architecture H, IAH
-1.24% , PWP , Value MidCap Dynamic PS, PWP
-1.46% , ISI , LargeCap Blend S&P 1500 iS, ISI
-1.46% , JKD , LargeCap Blend Core iS M, JKD
-3.17% , PGJ , China LargeCap Growth G D H USX PS, PGJ
-2.35% , ADRD , Developed 100 BLDRS, ADRD
-1.39% , JKE , Growth LargeCap iS M, JKE
-2.01% , ADRA , Asia 50 BLDRS, ADRA
-2.41% , IEV , Europe 350 S&P Index, IEV
-4.97% , FMCN , Focus Media, FMCN
-3.42% , BHH , Internet B2B H, BHH
-2.64% , EIS , Israel MSCI iS, EIS
-1.51% , BDH , Broadband H, BDH
-1.64% , JKG , MidCap Blend Core iS M, JKG
-1.76% , HHH , Internet H, HHH
-1.11% , TMW , Wilshire 5000 ST TM, TMW
-1.88% , JKL , Value SmallCap iS M, JKL
-1.86% , JKI , Value MidCap iS M, JKI
-0.86% , UTH , Utilities H, UTH
-3.15% , IDX , Indonesia MV, IDX
-1.48% , ONEQ , Growth LargeCap NASDAQ Fidelity, ONEQ
-3.96% , CPWR , COMPUWARE
-2.11% , XSD , Semiconductor SPDR, XSD
-2.41% , CVG , CONVERGYS
-2.04% , ACWX , Global ex US ACWI iS, ACWX
-0.96% , PUI , Utilities, PUI
-2.95% , EPP , Pacific ex-Japan, EPP
-1.11% , PEY , Dividend High Yield Equity PS, PEY
-1.79% , PHO , Water Resources, PHO
-1.65% , VBR , Value SmallCap VIPERS, VBR
9 major U.S. stock sectors ranked in order of long-term relative strength:
Now available by subscription:
The Colby Global Markets Report .
Read more: http://www.benzinga.com/11/05/1107760/stock-indicators-confirmed-the-downtrend#ixzz1NHGSFNsL |
