Colby Global Markets Report

Prices and rankings as of the close on Friday, March 15, 2013

A Potential Broadening Top Bearish Reversal Pattern?

The Wilshire 5000 chart shows the stock market at an interesting juncture, technically. Note a Potential Broadening Top Bearish Reversal Pattern, marked by a series of three or more successively higher peaks and two or more successively lower bottoms. A line drawn through these higher peaks and another line drawn through these lower bottoms diverge in an ever widening megaphone pattern extending to the right, forward into the future. These lines are shown in blue on the chart. The Broadening Top is a well-established chart pattern that typically appears at the final speculative phase of a long Primary Bull Market. In addition, all of the dark red lines on the Wilshire 5000 chart are parallel Channel Lines. Note that the upmove of 2009-2013 is at the exact same angle, speed, or rate of change as the upmove of 2002-2007, and that the current index price is at the upper Channel Line. Chart patterns often show similarity to past chart patterns. "The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun."-- Ecclesiastes 1:9.

The S&P 500 (SPX: 1,560.70) rose to its highest level in more than 5 years on Thursday but remained below 1,565.15, its highest close set on 10/9/2007. That old top may be providing technical resistance. The S&P 500, which has a better history of more reliable indicator signals than the Dow-Jones Industrial Average, shows a non- confirmation, bearish divergence compared to the Dow-Jones Averages.

Although most major stock price indexes remain in obvious uptrends, many daily price momentum oscillators have been diverging bearishly, under the surface, while price indexes rose to new highs. Momentum oscillators have remained below their 2011-2012 highs and below their highs of late January. For example, RSI(14) based on the S&P 500 Index, now at 68.21, peaked at 74.46 on 1/29/13. MACD(12,26,9), now at 16.08, peaked at 17.88 on 1/29/13. Bearishly diverging momentum is a problem because momentum is a leading indicator of price.

The percentage of stocks in the S&P 500 trading above their 50-day SMAs (simple moving averages) turned down last week after failing to reach previous levels in January. This may be an early sign of developing momentum loss and trend change.

The percentage of stocks in the S&P 500 trading above their 200-day SMAs and the Bullish Percentage of stocks in the S&P 500 in Point-and-Figure Chart uptrends are near their maximum upside extremes but did not indicate any actual weakness last week.

The Number of Daily Net New Highs on the NYSE (New Highs minus New Lows) has not kept up with the stock price indexes, which rose to higher highs on Thursday. With price indexes making new price highs, the number of stocks making new price highs should be rising to higher highs to confirm broad market strength.

The Art of Contrary Thinking has been calling for questioning overwhelming bullish sentiment. Objective investor sentiment data clearly has demonstrated extremely high degrees of optimism and bullish complacency, matching or exceeding extremes at past market price tops. The pendulum of emotion tends to swing too far in one direction, but the market mood always reverts to the mean--eventually. Sentiment extremes are a leading indicator of price.

S&P 500 Composite Stock Price Index

1550 1450 1350 1250

1150

1050

… … … … … …

Date

8/2/2011 6/1/2012 6/2/2011 2/1/2012 4/2/2012 8/1/2012

12/19/20 10/20/20 11/30/20 12/20/20 10/19/20 11/29/20

11/9/2011 2/22/2012 9/11/2012 5/12/2011 6/22/2011 7/13/2011 8/22/2011 9/12/2011 9/30/2011 1/11/2012 3/13/2012 4/23/2012 5/11/2012 6/21/2012 7/12/2012 8/21/2012 10/1/2012 11/8/2012 1/10/2013 1/30/2013 2/19/2013 3/11/2013 Colby Economic Expectations Index 120 110 100 90 80 70 60 50 40 30

Jul

Jul Jul Jul

Jan Jan Jan

Jun Jun Jun

- - -

Oct Oct

Apr

Sep Feb

Sep Feb Sep Feb

Dec Dec Dec

Aug Aug Aug

- - -

Nov Nov Nov Nov

- - -

Mar Mar Mar

- -

- - - -

May

May May

- - -

- - 2 -

Date

- - - -

- - -

- -

2 1

12 29 19

3 1

1 8

25 15

17 12

17 11

28 14 20 21

27 14 11

10 16 30

23 19

21 22 11

Our Colby Economic Expectations Index jumped to 65, up from 60 the previous week. Consensus estimates of future performance of the U.S. economy have declined in recent months, making it easier for the actual reports to exceed expectations when these reports are released. The recent rise in this Economic Expectations Index from a low of 24 on 10/5/12 to the high of 65 on 3/15/13 resembles the rise from September 2011 to March 2012, which was followed by a collapse to lower lows from March to October, 2012. On the plus side last week, the following were stronger than the consensus of economists expected: Retail Sales, Retail Sales ex-auto, Initial Claims, Continuing Claims, Empire Manufacturing, Industrial Production, and Capacity Utilization.

On the minus side, the following were weaker than the consensus of economists expected: Business Inventories and The University of Michigan-Thomson Reuters Consumer Sentiment Index.

Each day, we compute our Expectations Index by comparing the actual reported economic data to the consensus estimates of economists. If the actual data is better than economists' estimates, our index rises. If the actual data is worse than economists' estimates, our index falls. Changes in the trend of our Index tends to lead changes in the trend of the stock market--much of the time. At other times, considerations such as news of massive monetary easing by the Fed, political developments, fiscal cliffs, corporate sales and earnings reports and forward guidance, foreign affairs, war, natural disasters, etc. dominate investor sentiment, as they have in recent months. It is not so simple to sort out exactly which considerations might excite investors' hopes and fears the most. In the final analysis, it seems clear enough that the markets are driven more by the emotions of the investing and trading masses than by objective facts. Investors' emotions are most clearly revealed by technical analysis of markets.

The University of Michigan-Thomson Reuters Consumer Sentiment Index fell to 71.8 as of 3/15/13. That was the lowest reading in 15 months, since December, 2011. It also is 18% below the 20-year average of 87.4. Now with a lower high and a lower low since November, 2012, the trend is clearly pointing down. This is significant because this Consumer Sentiment Index is a leading economic indicator that moves ahead of the economy. Who says downside risk is greater than potential reward for the U.S. stock market? U.S. economic growth would have to accelerate to “ridiculously strong levels” to justify any advance for the Standard & Poor’s 500 Index above 1,600, said Jim O’Neill, chairman of Goldman Sachs Asset Management, who recently announced that he plans to retire later this year. “In order to justify the S&P above 1,600, we’d have to see growth expectations go to something like 4 percent and beyond." [Growth could be less than half that for 2013, with U.S. government spending cuts and foreign recessions dragging down the U.S. economy.] O’Neill sees the S&P 500 trading in a range between 1,500 and 1,600, which implies that potential downside risk may be greater than potential upside reward from the current level of 1,560.70.

Fundamentally, stocks are richly valued by long-term historical standards. The S&P 500 were recently priced at 21 times average earnings for the past 10 years, which was 40% above the median of 15 times average earnings since 1900, according to Yale Finance Professor Robert Shiller. In addition, the dividend yield on the S&P 500 was only 2.4%, which was 41% below the long-term median of 4.1%.

Corporate earnings may have topped out and started to contract, after rising from lows in 2009 to highs late in 2012, according to a study by Whitney Broach. Corporate profit margins have been unusually high and may revert to the mean.

European financial crisis just took a sudden wrong turn into uncharted and risky territory. In a surprise move, a new and unprecedented mandatory wealthy "tax" on Cyprus bank deposits just announced this weekend is raising fears of panic and contagion across the Eurozone. Private analysts worry the new policy, intended to save failing Cyprus banks from collapse, amounts to effective confiscation of 9.9% of bank deposits. This desperate move could backfire on policymakers, leading to bank runs and capital flight across European borders or completely out of the Eurozone, as frightened depositors scramble to protect their assets from capricious confiscation forcibly imposed by government "authorities". This could be a very substantial blow to investor confidence in the already troubled Eurozone.

Stay safe. Thanks to decades of fiscal and monetary malpractice leading to excessive spending, speculation, and misallocation of economic resources, the global financial system has been loaded up with bad "assets" and hidden insolvency. Unelected "monetary authorities" at the Fed, the ECB, and other central banks around the world have been working overtime in concert to bailout the politically powerful, "too big to fail", special interests who own the financial establishment. Their massive money printing inevitably destroys the purchasing power of the currency over the long term, and that causes bigger problems down the road--not necessarily right away, because the unwinding of excessive debt plus excess production capacity are creating deflationary force on global economies. Longer-term, however, the risks of hyper inflation and financial collapse mushroom with reckless debasement of currencies by means of mushrooming "money" creation by central banks. The imbalances in the real global economy cannot be fixed by simply printing more and more fiat currency out of thin air.

Be prepared for Black Swan financial "accidents", including broker-dealer collapses, such as PFG Best (July, 2012), MF Global (October, 2011), and Lehman Brothers (September, 2008), both in the U.S. and abroad. If the eurozone collapses, which astute independent analysts still believe is a genuine risk, despite endless talk and promises of politicians, there could be many more collapses of broker-dealers and financial institutions, resulting in substantial losses to investors. Make sure that all your securities are held at U.S. SIPC insured brokerage firms only. Move cash to FDIC insured U.S. bank accounts or to money market funds that only hold securities fully backed by the U.S. government. This is no time to take any unnecessary risks.

Given the known serious and stubborn economic and financial troubles that defy solutions and create major risks for the outlook ahead, we have been implementing a risk-averse strategy for clients' accounts we manage. Our clients' separately managed accounts have been profitable 6 the past 7 quarters. At the same time, the S&P 500 stock price index fell 3 of these same 7 quarters.

If you agree that making money while staying safe is better than taking big risks and exposing your nest egg to potentially catastrophic losses, we would be happy to implement our safety-first strategy for you.

Now is the time to place your assets under our careful management-- before the next episode in the ongoing crisis hits most portfolios. Please contact Bill Anderson by phone: 646-652-6879 or by email: [email protected]

Stock Market Indicators

The Dow Theory confirmed a Primary Tide Bull Market on 2/19/13, when both Dow- Jones Industrial and Transportation Averages closed above their closing price highs of the previous 5 years.

NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) fell below its lows of the previous 19 months on 3/14/13. QQQ/SPY turned systematically bearish on 11/7/12, when the 50-day SMA fell below the 200-day SMA.

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) fell below the lows of the previous 5 months on 3/13/13, again confirming a medium-term downtrend. BKF/SPY fell below its 50-day SMA on 2/4/13 and fell below its 200-day SMA on 2/19/13. BKF/SPY remains systematically neutral. Price peaked at 42.29 on 2/1/13 and is systematically neutral.

Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) fell below the lows of the previous 6 months on 3/15/13, again confirming a medium-term downtrend. EEM/SPY remains systematically neutral but appears to be rapidly heading toward a bearish cross of the 50-day SMA below the 200-day SMA. Price peaked at 45.34 on 1/2/13 and is systematically neutral.

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) fell below the lows of the previous 4 months on 3/13/13, again confirming a medium-term downtrend. EFA/SPY remains systematically neutral.

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) turned systematically neutral on 3/15/13 when it crossed above its 50-day SMA. Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks. On the other hand, Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size.

The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) remains systematically bullish. Price rose to a new closing price high on 3/14/13, confirming its preexisting uptrend.

The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) remains systematically bullish. Price rose to a new closing price high on 3/14/13, confirming its preexisting uptrend. ` Sentiment for Contrary Thinking

Investor sentiment data indicates high degrees of optimism and bullish complacency, matching extremes in September, 2012, when many stock price indexes hit a peak and reversed to the downside. Elevated levels of optimism are bearish because when the majority is extremely bullish, investors are already fully invested in the market. Once everyone who is going to buy has already bought, stocks are vulnerable to a downside shakeout.

Investor sentiment is at extremes. BofA's Bull & Bear Index shows that investors are more bullish than they were in 99% of periods since 2002. The BofA Merrill Lynch Short-term Sentiment Index has registered a sell signal.

The CFTC’s Commitments of Traders report for stock indexes showed smart professionals selling heavily to dumb speculators. Large commercial hedging firms enjoy an enormous inside informational advantage over speculators, who are usually wrong at major market turning points, according to Steve Briese, bullishreview.com. The current maximum bearish reading indicates that a major top is brewing and next move should be down big, possibly to SPX 1074.77, the low of 10/4/2011.

Large speculators held a record net-long position in futures and options contracts on the NASDAQ 100, according to the CFTC’s Commitment of Traders report. Large Speculators, which are mainly hedge funds, are trend-followers, and their aggregate position usually becomes extreme near market reversals.

Small traders just moved to their largest net-long position since the stock market highs in May, 2011, according to The Elliott Wave Financial Forecast.

Commercials hold their largest net-short position in 3.5 years, according to The Elliott Wave Financial Forecast.

SentimentTrader.com noted that 67% of the "dumb money" was bullish, compared to 29% of the "smart money". At such readings in the past, the stock market suffered a 3% to 8% downside correction spread out over a few weeks.

Put/Call Ratios signal a bearish turning point. The CBOE Equity Put/Call Ratio (which includes only options traded on individual stocks, while excluding options on indexes) fell to 53 on 1/3/13. This matched the 53 reading at the S&P 500 peak on 9/14/12, which was immediately followed by a 9% downside shakeout.

Market Vane’s Bullish Consensus survey shows extreme optimism. The percentage of stock market bulls surged to 70% recently, the highest since June 2007.

AAII Sentiment shows that individual investors are extremely bullish. As of 1/24/13, there were 52.34% bulls, 23.39% neutral, and 24.27% bears. This is the highest percentage of bulls in more than 2 years, since 1/13/11.

Investors Intelligence Sentiment confirms that stock market newsletter advisors are extremely bullish. The percentage of Bulls rose to 54.7% as of 2/6/13, while the percentage of Bears plunged to 18.8% as of 3/13/13. That was the fewest Bears since 5/11/11, in the early days of the 19% correction into the S&P 500 low of 1074.77 low on 10/4/11. Advisors are more bullish than they were at the S&P 500 high of 1,474.51 on 9/14/2012, just before a 9% downside correction into the 1343.35 low of 11/16/2012.

Hulbert Nasdaq Sentiment at record extremes. The current reading of 87.5 is the highest levels in many years. It is up from a low of -39 in November, 2012.

Corporate insiders are extremely bearish, and history shows that insiders are usually right. Insiders sold 9.20 shares for each share bought in January 2013, the most since July 2011, just before a downside shakeout. That is up from 1.54-to-1 in November 2012 and up from a 20-year average of 3.41-to-1. This data is compiled by Vickers Weekly Insider Report, published by Argus Research.

NYSE Margin Debt rose 32% over the past year to $364 billion--the highest level since year 2007, when stocks topped out and began a major bear market. Net Free Credits at -$77.2 million indicate that cash balances in margin accounts are at levels that could trigger forced selling if stock prices turn down.

Short interest in stocks listed on NYSE and Nasdaq both fell 5%, to 12.9 billion and 7.2 billion, respectively, in December. A decline in short interest means less potential demand for stocks from short covering.

Investors are all in, fully invested. The current reading of 104% long is the most bullish sentiment since the beginning of the survey in 2006 by the National Association of Active Investment Managers. This beats the previous extreme at 83%, which was recorded at the October 2007 stock market top.

The Credit Suisse Fear Barometer indicates the most bullish sentiment in its 19- year history. This indicator compares the cost of S&P 500 3-month out-of-the-money calls relative to the cost of puts.

Government money-market fund assets fell to record lows. Investors are so confident in stock market uptrend that they see little need to keep cash in highly-liquid, government-guaranteed instruments.

Investors poured a record $77.4 billion into stocks in January 2013. TrimTabs reported that this amount exceeded the previous record of $53.7 billion invested in February, 2000, very near the major top that year.

VIX Fear Index fell to 11.05 on 3/14/13, its lowest level since 2007, the year of the major top before the bear market of 2008. VIX indicates no fear and may be telling us to be careful. 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.

The S&P 500 Composite Potential Resistance 1576.09, high of 10/11/2007 1565.15, highest close on 10/9/2007 1563.32, high of 3/14/2013

The S&P 500 Composite Potential Support 1556.77, high of 3/12/2013 1552.87, high of 3/27/2000 1552.76, high of 10/31/2007 1548.24, low of 3/12/2013 1507.70, 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 1434.27, high of 11/2/2012 1432.82, low of 12/20/2012 1430.53, low of 9/26/2012 1426.76, low of 12/12/2012 1425.53, low of 10/12/2012 1423.73, high of 12/3/2012 1423.60, 200-day SMA 1422.58, low of 12/21/2012 1422.38, high of 4/2/2012 1422.06, low of 10/22/2012 1421.12, high of 10/25/2012 1420.34, high of 12/7/2012 1419.70, high of 11/29/2012 1418.71, high of 8/17/2012 1415.32, high of 5/1/2012 1409.16, high of 11/23/2012 1403.28, low of 10/26/12 1401.58, low of 12/28/12 1398.11, low of 12/31/2012 1397.68, low of 11/26/2012 1396.56, low of 9/4/2012 1391.04, low of 8/6/2012 1388.71, low of 5/3/2012 1385.43, low of 11/28/2012 1381.50, Fibonacci 78.6% of 2007-2009 range 1380.39, high of 7/19/2012 1374.81, high of 7/3/2012 1370.58, high of 5/2/2011 1363.49, high of 6/19/2012 1357.38, low of 4/10/2012 1343.35, low of 11/16/2012 1340.03, low of 3/6/2012 1335.52, high of 6/11/2012 1334.93, high of 5/31/2012 1329.24, low of 7/24/2012 1329.05, high of 6/7/2012 1328.49, high of 5/22/2012 1325.41, low of 7/12/2012 1306.62, low of 6/12/2012 1291.98, low of 5/18/2012 1266.74, low of 6/4/2012 1265.26, low of 1/5/2012 1262.30, low of 12/27/2011 1244.80, low of 12/7/2011 1239.73, low of 12/1/2011 1238.81, Fibonacci 78.6% of 1,576.09 high 1234.81, low of 11/3/2011 1231.04, high of 12/16/2011 1228.74, Fibonacci 61.8% of 2007-2009 range 1226.64, low of 11/9/2011 1224.57, high of 12/19/2011 1215.20, low of 12/16/2011 1202.37, low of 12/19/2011 1158.66, low of 11/25/2011 1121.44, Fibonacci 50% of 2007-2009 range 1074.77, low of 10/4/2011 1014.14, Fibonacci 38.2% of 2007-2009 range 1010.91, low of 7/1/2010 991.97, low of 9/2/2009 978.51, low of 8/17/2009 956.23, high of 6/11/2009 881.38, Fibonacci 23.6% of 2007-2009 range 869.32, low of 7/8/2009 666.79, intraday low of 3/6/2009

Fixed-Income Investments

Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) price remains systematically bearish below the 50-day SMA and 200-day SMA. Various technical oscillators, such as RSI and MACD, show losses of downside momentum and bullish divergences since 2/1/13. Support 114.62, 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 119.67, 120.70, 123.71, 126.08, 127.19, 127.72, 130.69, and 132.22.

Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) price remains systematically bearish below the 50-day SMA and 200-day SMA. IEF formed a technical base after hitting an "oversold" low at 105.56 on 2/1/13 and successfully testing that low 3 times. Various technical oscillators, such as RSI and MACD, show losses of downside momentum and bullish divergences since 2/1/13. Support 105.56, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 107.38, 108.07, 108.15, 109.20, 109.32, and 109.89.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) whipsawed back up above its 50-day SMA on 3/5/13, thereby turning systematically bullish again. JNK/LQD has been neutral for most of the past 3 years, and it seems questionable whether this long-term trend is changing in any sustainable way.

U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) whipsawed back up above its 50-day SMA on 3/8/13, thereby turning systematically bullish again. Longer term, TIP/IEF has been neutral for most of the past 3 years. Absolute price of TIP peaked at 123.44 on 12/6/12 and currently is systematically neutral--although likely to turn bearish in days ahead.

Tangible Assets, Commodities

U.S. dollar ETF (UUP) price rose above its highs 6-months on 3/13/13, after closing above its 200-day SMA on 2/21/13. UUP turned systematically neutral on 2/7/13, when it rose above its 50-day SMA. Longer term, UUP has been consolidating secular trend losses since bottoming at 20.84 on 5/4/11. Support 22.38, 22.15, 21.53, 21.07, and 20.84. Resistance 22.64, 22.78, 22.96, 23.14, 23.52, 25.84, 27.19, 28.97.

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the previous 7 months on 3/6/13, again confirming its major bearish trend. Price turned systematically bearish on 1/11/13 when the 50-day SMA crossed down below the 200-day SMA.

Crude Oil, United States Oil ETF (USO) price turned systematically neutral on 2/21/13. Longer term, USO has been mostly bearish since peaking at 119.17 on 7/11/08. Support 32.16, 31.00, 29.02, 26.28, and 22.74. Resistance 33.75, 35.53, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.

Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 8 months on 2/20/13 and appears to be consolidating losses in more recent weeks. Price turned systematically bearish on 2/22/13, when the 50-day SMA fell below the 200-day SMA. Longer term, GLD has been mostly bearish since peaking at 185.85 on 9/6/11. Support: 150.84, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 156.80, 164.40, 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) turned systematically bearish again on 12/27/12, when the 50-day SMA crossed below the 200-day SMA. Longer term, GDX/GLD has remained mostly bearish for more than 6 years, since 9/5/06.

Silver, iShares Silver Trust ETF (SLV) price fell below its lows of the previous 6 months on 2/20/13 and appears to be consolidating losses in more recent weeks. Price turned systematically bearish on 3/1/13, when the 50-day SMA fell below the 200-day SMA. Longer term, SLV has been mostly bearish since peaking at 48.35 on 4/28/11. Support 27.35, 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 28.50, 28.61, 29.73, 31.41, 32.72, 33.31, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.

Silver/Gold ETFs Ratio (SLV/GLD) fell below its lows of the previous 6 months on 2/28/13. SLV/GLD remains neutral below both its falling 50-day SMA and its falling 200- day SMA.

Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) fell below its lows of the previous 3 months on 3/6/13, again confirming a medium-term downtrend. JJC remains systematically neutral, below the 50-day SMA and 200-day SMA. JJC has been consolidating losses between 38.99 and 51.41 since 10/5/11. Longer term, JJC has been mostly bearish since peaking at 61.69 on 2/14/11. "Dr. Copper" is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy, so price weakness of Copper implies a weak economic outlook.

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

Rank Rel.Strength Abs. Price Rating, Weighting 9 Major Stock Sectors Ranked, Symbol 1 Up Up Neutral, Under Weight Financial SPDR, XLF 2 Up Up Neutral, Under Weight Consumer Discretionary SPDR, XLY 3 Up Up Neutral, Under Weight Health Care SPDR, XLV 4 Up Up Neutral, Under Weight Industrial SPDR, XLI 5 Up Up Neutral, Under Weight Energy SPDR, XLE 6 Neutral Up Neutral, Under Weight Consumer Staples SPDR, XLP 7 Neutral Up Bearish, Under Weight Materials SPDR, XLB 8 Neutral Up Bearish, Under Weight Utilities SPDR, XLU 9 Down Up Bearish, Under Weight Technology SPDR, XLK

Note: ambitious investors seeking to maximize returns (as opposed to a more conservative, moderate-weighting approach) may choose to avoid investments rated "Neutral" and focus only on investments in clearly-defined trends.

Note that many traders also use the 20-day, 50-day, and 200-day SMAs (simple moving averages) as technical support and resistance levels.

9 Major Stock Sectors Ranked, Symbol CLOSE SMA 20 SMA 50 SMA 200 Financial SPDR, XLF 18.45 17.91 17.57 15.85 Consumer Discretionary SPDR, XLY 52.59 51.43 50.48 46.73 Health Care SPDR, XLV 44.73 44.01 43.04 40.06 Industrial SPDR, XLI 41.97 41.21 40.46 37.31 Energy SPDR, XLE 79.60 78.24 76.95 71.89 Consumer Staples SPDR, XLP 38.49 38.30 37.29 35.79 Materials SPDR, XLB 39.85 38.89 39.07 36.67 Utilities SPDR, XLU 38.13 37.56 36.66 36.41 Technology SPDR, XLK 30.20 29.91 29.69 29.43

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

Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) whipsawed back above its 50-day SMA on 3/4/13, thereby turning systematically bullish again. Longer term, although the XLF/SPY has moderately outperformed for nearly 4 years, since 3/6/09, it has substantially underperformed since 3/23/04, and the secular trend may be bearish still. Absolute price turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 2/21/12. Support: 17.16, 16.95, 16.09, 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 18.51, 20.70, 24.50, and 28.17.

Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) whipsawed back above its 50-day SMA on 2/27/13, thereby turning systematically bullish again. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50- day SMA has remained above the 200-day SMA since 12/16/11. Support: 49.40, 48.07, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: none.

Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) turned systematically bullish again on 1/24/13, when it whipsawed back above its 50- day SMA. XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically bullish on 1/2/13, when it rose above its 50-day SMA. Support: 42.71, 41.60, 40.38, 39.24, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: none.

Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) has been systematically bullish most of the time since 12/26/12, when the 50-day SMA crossed above the 200-day SMA. Absolute price remains systematically bullish, with the 50-day SMA above the 200-day SMA since 8/24/12. Support: 39.97, 38.51, 37.04, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: none.

Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) whipsawed up above its 50-day SMA on 3/14/13, thereby turning systematically bullish again. Still, XLE has been lagging since 2/14/13. Absolute price turned systematically bullish on 12/31/12, when it rose above its 50-day SMA. Support: 75.46, 69.57, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 80.97, 83.27, and 91.42.

Consumer Staples (XLP) Neutral, Under Weight. The Relative Strength Ratio (XLP/SPY) has been systematically neutral most of the time over the past year, with XLP performing about in line with the SPY, while absolute price has stayed mostly bullish. Support: 37.67, 37.36, 36.79, 35.41, 35.29, 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: none.

Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) fell below 5-month's lows on 2/25/13, after falling below its 50-day SMA on 2/5/13 and thereby turning systematically neutral. XLB absolute price has been systematically bullish most of the time since 12/11/12. Support: 37.35, 36.70, 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 40.04, 40.20, 40.72, 41.28, 43.04, 45.21, and 46.54.

Utilities (XLU) Neutral, Under Weight. The Relative Strength Ratio (XLU/SPY) fell below its lows of the previous 20 months on 1/17/13. Although currently slightly into the neutral zone above the 50-day SMA, XLU/SPY has stayed systematically bearish most of the time since 9/19/12 and could easily turn bearish again. Absolute price is systematically bullish. Support: 37.12, 36.78, 35.09, 34.22, 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 38.54, 41.98, and 44.66.

Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) fell below its lows of the previous 20 months on 3/13/13, again confirming its established systematically bearish major trend. XLK absolute price rose above its highs of the previous 4 months on 3/14/12 and is systematically bullish. Support: 29.21, 29.10, 28.25, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 30.51, 31.22, 31.74, 32.00, 34.85, 36.40, and 39.07. Top 10 ETFs Ranked by Major Trend Relative Strength

This list, updated each week, outperformed the S&P 500 by 104 percentage points since August, 2004, in simulation.

To arrive at my Top 10 ETF picks, I use a proprietary formula, somewhat similar conceptually to a six-month rate of price change filtered to dampen random noise. I rank all the ETFs in my universe from highest rate of change to lowest rate of change. Finally, I pick the highest ranked 10 ETFs each week. These Top 10 are the best performing ETFs, the ones with the strongest major trend price momentum. Please note that this is a high-volatility strategy: the stocks that go up the most when the stock market is in a Bullish trend often go down the most during market corrections to the downside. In addition, please note that this Top 10 list is a research study and is not investment advice. Your use of this report means that you have read, understood, and accepted my Disclaimer on the last 2 pages of this report.

Ranked: 143 Select Exchange Traded Funds (ETFs)

This list is filtered to exclude leveraged and inactive ETFs trading less than 90,000 shares a day on average. Ranks are based on my updated version of the Screening Method for Analysis of Relative Strength, using a proprietary formula, somewhat similar conceptually to a filtered six-month rate of price change. For details on Relative Strength, see my book, pages 604-609, or see my White Paper, "Introduction to the Screening Method for Analysis of Relative Strength", by Robert W. Colby, CMT, outlining some of the research behind my Relative Strength Ranking Method. Research studies suggest that ETFs ranked in the top decile (highest tenth) of the list (with a rank of 90 and higher) may have a greater probability of outperforming the market in the months ahead.

Weekly Rank, Name, Ticker Symbol 99 , Homebuilders SPDR, XHB 99 , Thailand MSCI iS, THD 98 , Turkey MSCI iS, TUR 97 , Capital Markets KWB ST, KCE 97 , Financial Services DJ, IYG 96 , Water Resources, PHO 95 , Sweden Index, EWD 94 , Switzerland Index, EWL 94 , Belgium Index, EWK 93 , Financial SPDR, XLF 92 , Transportation Av DJ, IYT 92 , Financial DJ US, IYF 91 , Financials VIPERs, VFH 90 , MidCap Value S&P 400 iS, IJJ 90 , Value MidCap Russell, IWS 89 , SmallCap Value S&P 600 iS, IJS 88 , Austria Index, EWO 88 , MidCap S&P 400 SPDRs, MDY 87 , MidCap Blend S&P 400 iS, IJH 86 , Biotech SPDR, XBI 86 , Consumer Discretionary SPDR, XLY 85 , Mexico Index, EWW 84 , SmallCap Value Russell 2000 iS, IWN 83 , Growth SmallCap VIPERs, VBK 83 , Value SmallCap VIPERS, VBR 82 , Health Care SPDR, XLV 81 , SmallCap Blend S&P 600 iS, IJR 81 , Small Cap VIPERs, VB 80 , MidCap Russell, IWR 79 , LargeCap Blend S&P=Weight R, RSP 79 , SmallCap Blend Russell 2000 iS, IWM 78 , Australia Index, EWA 77 , Germany Index, EWG 77 , LargeCap Value Russell 1000 iS, IWD 76 , SmallCap Growth Russell 2000 iS, IWO 75 , Microcap Russell, IWC 74 , MidCap Growth S&P 400 iS, IJK 74 , LargeCap Value S&P 500 iS, IVE 73 , SmallCap Growth S&P 600 iS, IJT 72 , Value LargeCap Dynamic PS, PWV 72 , Industrial SPDR, XLI 71 , Pacific ex-Japan, EPP 70 , Hong Kong Index, EWH 70 , SmallCap Blend EAFE MSCI iS, SCZ 69 , Netherlands Index, EWN 68 , France Index, EWQ 68 , Value VIPERs, VTV 67 , EMU Europe Index, EZU 66 , Dividend SPDR, SDY 66 , Growth MidCap Russell, IWP 65 , LargeCap Blend Russell 3000 iS, IWV 64 , Blend Total Market VIPERs, VTI 63 , LargeCap Blend Russell 1000 iS, IWB 63 , Europe 350 S&P Index, IEV 62 , Growth EAFE MSCI, EFG 61 , Foreign LargeCap EAFE MSCI iS, EFA 61 , Value EAFE MSCI, EFV 60 , LargeCap VIPERs, VV 59 , LargeCap Blend S&P 500 iS, IVV 59 , Dividend Appreciation Vipers, VIG 58 , European VIPERs, VGK 57 , S&P 500 SPDRs LargeCap Blend, SPY 57 , Pacific VIPERs, VPL 56 , Energy SPDR, XLE 55 , Semiconductor iS IGW, SOXX 54 , Global LargeCap Blend MSCI iS, ACWI 54 , Consumer Staples SPDR, XLP 53 , Spain Index, EWP 52 , Dividend ex-U.S. DJ iS, IDV 52 , Energy DJ, IYE 51 , Dividend International, PID 50 , Japan Index, EWJ 50 , Global 100, IOO 49 , Growth VIPERs, VUG 48 , Global ex U.S. LargeCap Blend, ACWX 48 , Networking, IGN 47 , DIAMONDS (DJIA), DIA 46 , LargeCap Blend S&P 100, OEF 46 , Dividend U.S. DJ iS, DVY 45 , Materials SPDR, XLB 44 , LargeCap Growth Russell 1000 iS, IWF 43 , REIT VIPERs, VNQ 43 , Dividend High Yield Equity PS, PEY 42 , Real Estate US DJ iS, IYR 41 , Indonesia MV, IDX 41 , Energy VIPERs, VDE 40 , LargeCap Growth S&P 500 iS, IVW 39 , REIT Wilshire, RWR 39 , China 25 iS, FXI 38 , Semiconductor SPDR, XSD 37 , Realty Cohen & Steers, ICF 37 , United Kingdom Index, EWU 36 , Singapore Index, EWS 35 , Emerging Markets MSCI iS, EEM 34 , Utilities VIPERs, VPU 34 , South Korea Index, EWY 33 , Emerging VIPERs, VWO 32 , Basic Materials DJ US, IYM 32 , Chile MSCI iS, ECH 31 , QQQ Nasdaq 100 Trust, QQQ 30 , Italy Index, EWI 30 , Energy & Nat Res iS GS, IGE 29 , Taiwan Index, EWT 28 , India Earnings WTree, EPI 28 , Telecom DJ US, IYZ 27 , Utilities SPDR, XLU 26 , Energy Global, IXC 26 , Info Tech VIPERs, VGT 25 , Technology SPDR, XLK 24 , India PS, PIN 23 , Canada Index, EWC 23 , Bond, High Yield Corp iBoxx iS, HYG 22 , Bond, High-Yield Junk, JNK 21 , Russia MV, RSX 21 , Preferred Stock iS, PFF 20 , Financial Preferred, PGF 19 , Technology DJ US, IYW 19 , Bond, Emerging Mkt JPM iS, EMB 18 , Latin Am 40, ILF 17 , Emerging 50 BLDRS, ADRE 17 , Bond, Long-Term Corp iBoxx iS, LQD 16 , South Africa Index, EZA 15 , Malaysia Index, EWM 14 , Bond, TIPS U.S. Treasury iS, TIP 14 , Bond, Muni S&P ATM-Free iS, MUB 13 , Bond Treasury Short-Term iS, SHV 12 , Bond, 1-3 Year Treasury, SHY 12 , Bond, 10 Year Treasury, IEF 11 , Commodity Tracking, DBC 10 , Brazil Index, EWZ 10 , Bond, Intermediate US Aggregate iS, AGG 9 , Oil Fund PowerShares, DBO 8 , Frontier Markets Guggenheim , FRN China LargeCap Growth G D H USX PS, 8 , PGJ 7 , Bond Ex-US Treas, BWX 6 , Oil, Crude, U.S. Oil Fund, USO 6 , Bond, 20+ Years Treasury, TLT 5 , WilderHill Clean Energy PS, PBW 4 , Gold Shares S.T., GLD 3 , Silver Trust iS, SLV 3 , Metals & Mining SPDR, XME 2 , Agriculture DB PS, DBA 1 , Bear, Short S&P 500, SH

1145 Exchange Traded Funds (ETFs) and Closed-End Listed Funds Ranked: (includes short, leveraged, and inactive funds trading less than 90,000 shares a day on average, so use great caution when trading).

Weekly Rank, Ticker Symbol, Name 99 , FAS , DXN DL FINBUL3X 99 , TNA , DXN DL SC BUL3X 99 , TTF , THAI ETF 99 , UVU , PROSHS ULTRA RUSS MIDCAP VALUE ETF 99 , UYG , ULTRA FINANCIALS ETF 99 , YCS , PS ULTRASHRT YEN 99 , ITB , ISHARES DOW JONES US HM CONS IDX ETF 99 , DZK , DXN DL DM BL 3X 99 , UXI , ULTRA INDUSTRIALS ETF 99 , FAA , CLYMR NYARC AIRL 99 , UVT , PROSHS ULTRA RUSSELL2000 VALUE ETF 99 , RXL , ULTRA HEALTH CARE PROSHARES ETF 98 , MVV , ULTRA MIDCAP400 PROSHARES ETF 98 , UCC , ULTRA CONSUMER SERVICES ETF 98 , UWM , PROSHARES TR ULTRA RUSSELL2000 ETF 98 , SAA , PROSHARES TR ULTRA SMALLCAP600 ETF 98 , UVG , PROSHS ULTRA RUSSELL1000 VALUE ETF 98 , PKB , POWERSHARES DYNAMIC BLDG CONSTRN ETF 98 , ERX , DXN DL EGBUL 3X 98 , UKK , PROSHS ULTRA RUSSELL2000 GROWTH ETF 98 , MXF , MEXICO ETF 98 , UGE , ULTRA CONSUMER GOODS ETF 98 , XHB , SPDR S&P HOMEBUILDERS ETF 97 , MXE , MEXICO EQUITY AND INCOME CF 97 , DXJ , WISDOMTREE JAPAN TOTAL DIVIDEND ETF 97 , THD , ISHR THAI IN MKT 97 , IRL , NEW IRELAND CF 97 , PXE , POWERSHARES DYNAMIC EXPLRTN PRDN ETF 97 , UKW , PROSHS ULTRA RUSS MIDCAP GROWTH ETF 97 , BBH , BIOTECH HOLDRS 97 , CAF , MS CHINA A SHARES ETF 97 , SSO , ULTRA S&P500 PROSHARES ETF 97 , RSU , RYDEX 2X S&P 500 ETF 97 , IAI , ISHARES DOW JONES US BRKR-DEALRS ETF 97 , CSD , CLAYMORE CLEAR SPIN OFF ETF 96 , TUR , ISHARES MSCI TURKEY INVBLE MRKT ETF 96 , RWW , REVENUE SHR FNCL 96 , CUT , CLAYMORE/CLEAR GLOBAL TIMBER IDX ETF 96 , FPX , FIRST TRUST IPOX 100 INDEX ETF 96 , RPV , RYDEX S&P 500 PURE VALUE ETF 96 , KCE , KBW CAPITAL MARKETS ETF 96 , DDM , ULTRA DOW30 PROSHARES ETF 96 , TF , THAI CAPITAL ETF 96 , URE , ULTRA REAL ESTATE ETF 96 , PXI , PWRSHRS DYNMIC ENRGY SEC ETF 96 , PSP , POWERSHARES LISTED PRIVATE EQTY ETF 96 , IYG , iSHARES DJ US FIN ETF 95 , FIW , FIRST TRUST ISE WATER INDEX ETF 95 , WOOD , ISHSP GBL TMBFOR 95 , VNM , Vietnam Market Vectors, VNM 95 , TKF , TURKISH INVESTMENT ETF 95 , PRN , PWRSHRS DYNMIC INDUSTRIALS SEC ETF 95 , RKH , ML REGIONL BNK HOLDRS ETF 95 , FBT , FIRST TRUST BIOTECH INDEX CF ETF 95 , GGT , GABELLI GLOBAL MULTIMEDIA CF 95 , PHO , POWERSHARES WATER RESC PORTFOLIO ETF 95 , RFV , RYDEX S&P MIDCAP 400 PURE VALUE ETF 95 , DIG , ULTRA OIL & GAS PROSHARES ETF 94 , KIE , KBW INSURANCE ETF 94 , PBS , PS DYN MEDIA PF 94 , FDN , FIRST TRUST INTERNET INDEX CF ETF 94 , RZV , RYDEX S&P SMALLCP 600 PURE VALUE ETF 94 , UKF , PROSHS ULTRA RUSSELL1000 GROWTH ETF 94 , EWD , iSHARES SWEDEN ETF 94 , RWK , REVENUESHARES MC 94 , EWL , WEBS SWITZERLAND ETF 94 , RYF , RYDEX S&P EQUAL WEIGHT FINANCIAL ETF 94 , EWK , iSHARES BELGIUM ETF 94 , XLF , Financial SPDR, XLF 94 , IXG , iSHARES S&P GLOB FIN ETF 93 , DFE , WISDOMTREE EUROPE SMLCP DIVIDEND ETF 93 , IYT , ISHARES DJ TRANSPTN AVG INDX ETF 93 , BTO , HANCOCK BK THR 93 , PEJ , PWRSHRS LEIS ETF 93 , TAO , CLMR ALPSH CH RL 93 , FXH , FIRST TRUST HEALTH CARE ALPHADEX ETF 93 , PXJ , POWERSHARES DYNM OIL SRVCS PRTFL ETF 93 , EZM , WISDOMTREE MIDCAP EARNINGS ETF 93 , IYF , iSHARES DJ US FNL ETF 93 , FXO , FIRST TRUST FINANCIALS ALPHADEX ETF 93 , RWJ , REVENUESHARES SC 92 , IPF , SPDR SP INT FIN 92 , ETO , EATON VANCE TAX ADVANTAGED OPP CF 92 , VFH , VANGUARD FINANCIALS ETF 92 , IAK , ISHARES DOW JONES US INSUR IDX ETF 92 , BTF , BOULDER TOTAL RETURN ETF 92 , JKI , ISHRS MID VALUE ETF 92 , PJP , PWRSHRS PHARM ETF 92 , IJJ , ISHARES S&P MIDCAP 400 VAL INDEX ETF 92 , PYZ , PWRSHRS DYNMIC BSC MATRLS SEC ETF 92 , IWS , iSHARES RUS MIDVAL ETF 92 , IBB.O , ISHR NASDAQ BIO 92 , LOR , LAZARD WORLD DIVIDEND & INCOME CF 91 , FXG , FIRST TR CONSUMR STAPLS ALPHADEX ETF 91 , JKL , iSHARES SML VALUE ETF 91 , PZI , PWRSHRS ZACKS MIC ETF 91 , TYY , TORTOISE ENERGY CAPITAL CF 91 , FXR , FIRST TR INDL PROD DRBL ALPHADEX ETF 91 , DLS , WISDOMTREE INTL SMALLCP DIVIDEND ETF 91 , GF , NEW GERMANY FUND 91 , RYH , RYDEX S&P EQUAL WEIGHT HLTH CARE ETF 91 , KBE , KBW BANK ETF 91 , RXI , ISHARES S&P GB CONS DSCRTRY SCTR ETF 91 , FAB , FIRST TR MULTI CP VALUE ALPHADEX ETF 90 , PWC , PWRSHRS MKT POR ETF 90 , FNX , FIRST TRUST MID CAP COR ALPHADEX ETF 90 , PIQ , PWRSHRS DYNMIC MAGNIQUANT ETF 90 , IJS , ISHARES S&P S CAP600 VAL FND ETF 90 , PRFZ , PWSHS TR FTSE RAFI US 1500 SMMD ETF 90 , XES , SPDR S&P OIL & GAS EQUIP & SERVS ETF 90 , JKG , iSHARES MID CORE ETF 90 , EWO , iSHARES AUSTRIA ETF 90 , IYJ , iSHARES DJ IND SEC ETF 90 , MDY , SPDR MIDCAP 400 ETF 90 , RCD , RYDEX S&P EQL WGT CNSMR DISCRTRY ETF 90 , IJH , iSHARES S&P MD 400 ETF 89 , FYX , FIRST TR SMALL CAP CORE ALPHADEX ETF 89 , XBI , SPDR S&P BIOTECH ETF 89 , BJK , MARKET VCTRS GMG 89 , XLY , CONSUMER DISCRE SPDR ETF 89 , RGI , RYDEX S&P EQUAL WGHT INDTRL ETF 89 , CZA , CLYMR ZACKS MID CAP CORE ETF 89 , EMM , SPDR DJ WILSHIRE MID CAP ETF 89 , VCR , VANGUARD CONSUMER DISCRETIONARY ETF 89 , EWW , iSHARES MEXICO ETF 89 , VIS , VANGUARD INDUSTRIALS ETF 89 , IFAS , ISHRS FTSE EPRA NAREIT ASIA IDX ETF 89 , IWN , iSHARES RUSS2000V ETF 88 , IYH , iSHARES DJ US HTH CRE ETF 88 , IPD , SPDR SP CON DIS 88 , JFC , JF CHINA REGION CF 88 , FXD , FIRST TR CONS DSCRTNRY ALPHADEX ETF 88 , IYC , iSHARES DJ US COM SER ETF 88 , JKJ , iSHARES SML CORE ETF 88 , VOE , VANGUARD MID-CAP VALUE ETF 88 , RWL , REVENUESHARES LC 88 , VXF , VANGUARD EXTENDED MARKET ETF 88 , VBK , VANGUARD SMALL-CAP GROWTH ETF 88 , RIT , LMP REAL ESTATE INCM CF 87 , VBR , VANGUARD SMALL-CAP VALUE ETF 87 , IXJ , iSHARES S&P GLOB HEALTH ETF 87 , XLV , HEALTH CARE SELC SPDR ETF 87 , IJR , iSHARES S&P SM 600 ETF 87 , HAO , CLAYMORE TR 2 CHINA SML CP INDX ETF 87 , RMT , ROYCE MICRO CAPITAL CF 87 , IEO , ISHARES DOW JONES US OIL&GAS EXP ETF 87 , FXN , FIRST TRUST ENERGY ALPHADEX ETF 87 , FTA , FIRST TR LRG CP VAL OPP ALPHADEX ETF 87 , VB , VANGUARD SMALL-CAP ETF 87 , IWR , iSHARES RUS MID ETF 87 , RSP , RYDEX S&P EQ ETF 86 , IWM , iSHARES RUSS 2000 ETF 86 , PRF , POWERSHARES FTSE RAFI ETF 86 , PTH , PWRSHRS DYNMIC HEATHCARE SEC ETF 86 , PFI , PWRSHRS DYNMIC FINANCIAL SECTOR ETF 86 , UGA , United States Gasoline Fund 86 , VHT , VANGUARD HEALTH CARE ETF 86 , HQH , H&Q HEALTHCARE INVESTORS CF 86 , FXZ , FIRST TRUST MATERIALS ALPHADEX ETF 86 , EWA , iSHARES AUSTRAL ETF 86 , EWG , iSHARES MSCI GER ETF 86 , IRY , SPDR SP INT HEL 85 , IWW , iSHARES RUSS3000V ETF 85 , FDV , FIRST TRUST DB STRTGC VALUE INDX ETF 85 , EES , WISDOMTREE SMALLCAP EARNINGS ETF 85 , IWD , iSHARES RU 1000 VA ETF 85 , IHI , ISHARES DOW JNS US MEDI DVCE IDX ETF 85 , RYJ , CLAYMORE RAYMONDS JAMES ETF 85 , XRT , SPDR SP RETAIL 85 , PZD , POWERSHARES CLEANTECH ETF 85 , IWO , ISHARES RUSSELL 2000 GROWTH INDX ETF 85 , PNQI , PS NASDAQ INTRNT 85 , JJT , IPATH DJAIG TIN 85 , IWC , iSHARES RUS MICRO CAP ETF 84 , IGR , ING CLARION GLOBAL REAL ESTATE ETF 84 , FDM , FIRST TRUST DJ SEL MICROCAP INDX ETF 84 , RHS , RYDEX S&P EQUAL WGT CONSMR STPLS ETF 84 , IJK , ISHARES S&P MIDCAP 400 GR FUND ETF 84 , IVE , ISHARES S&P 500 VALUE INDX FUND ETF 84 , FEX , FIRST TR LARGE CAP CORE ALPHADEX ETF 84 , IJT , ISHARES S&P S CAP600 GR FUND ETF 84 , PWV , PWRSHRS LARCAP ETF 84 , VO , VANGUARD MID-CAP ETF 84 , IHF , ISHARES DOW JONES US HLTH CRE IDX ET 84 , JEQ , JAPAN EQUITY CF 83 , XLI , INDUSTRIAL SELEC SPDR ETF 83 , QQXT , FT NASDAQ100 EX TCHNO SCTR INDX ETF 83 , TYG , TORTOISE ENERGY INFRASTRUCTURE ETF 83 , RYE , RYDEX S&P EQUAL WEIGHT ENERGY ETF 83 , VOT , VANGUARD MID-CAP GROWTH ETF 83 , DES , WISDOMTREE SMALLCAP DIVIDEND ETF 83 , SOR , SOURCE CAPITAL CF 83 , IPK , SPDR SP INT TEC 83 , EPP , iSHARES MSCI PAC ETF 83 , IFSM , ISHRS FTSE DEVELOPD SC EX NA IDX ETF 83 , EWH , iSHARES HONG KNG ETF 83 , RVT , ROYCE VALUE CF 82 , RPG , RYDEX S&P 500 PURE GROWTH ETF 82 , EXI , ISHARES S&P GBL INDTRLS SCTR IND ETF 82 , JKD , iSHRES LRG CORE ETF 82 , KRE , KBW REGIONAL BANKING ETF 82 , PKW , POWERSHARES BUYBACK ACHIEVERS ETF 82 , NFO , CLAYMORE/SABRIENT INSIDER ETF 82 , DIM , WISDOMTREE INTL MIDCAP DIVIDEND ETF 82 , JKK , iSHARES SML GRWTH ETF 82 , SCZ , ISHARES MSCI EAFE SMALL CAP IDX ETF 82 , ETG , EATON VANCE TAX ADVANTAGED GLOBAL CF 82 , DON , WISDOMTREE MIDCAP DIVIDEND ETF 82 , EWN , iSHARES NETHLND ETF 81 , EWQ , iSHARES FRANCE ETF 81 , PAF , PWSHS FTSE RAFI ASIA PCFC EX JPN ETF 81 , UPW , ULTRA UTILITIES PROSHARES ETF 81 , PPA , POWERSHARES AEROSPACE & DEFENSE ETF 81 , UTF , COHEN STEERS SELECT UTILITY CF 81 , RWV , REVSH NA OV A100 81 , BIF , BOULDER GROWTH & INCOME ETF 81 , VVR , VAN KAMPEN SENIOR INCOME ETF 81 , VTV , VANGUARD VALUE ETF 81 , EZU , iSHARES MSCI EMU ETF 81 , RZG , RYDEX S&P SMALLCP 600 PURE GRWTH ETF 80 , GAB , GABELLI EQUITY CF 80 , WPS , ISHS S&P WRLD EX US PROPERTY IDX ETF 80 , GDV , GABELLI DIVIDEND & INCOME CF 80 , CGW , CLAYMORE S&P GLOBAL WATER INDEX ETF 80 , FAD , FIRST TR MULTI CP GRWTH ALPHADEX ETF 80 , RFG , RYDEX S&P MIDCAP 400 PURE GROWTH ETF 80 , PUW , POWERSHARES WILDERHILL PROGRSS ETF 80 , GCH , GREATER CHINA FD 80 , IPS , SPDR SP CON STP 80 , SDY , SPDR S&P DIVIDEND ETF 80 , SCD , LMP CAPITAL & INCM CF 80 , IWP , iSHARES RUS MIDGRW ETF 79 , FTC , FIRST TR LRG CP GRW OPP ALPHADEX ETF 79 , QCLN , FT NASDAQ CLEAN EDGE US LQD INDX ETF 79 , JKH , iSHARES MID GRWTH ETF 79 , IYK , iSHARES DJ US CON GDS ETF 79 , EVT , EATON VANCE TAX ADVANTAGE DIVIDND CF 79 , RTM , RYDEX S&P EQUAL WEIGHT MATRLS ETF 79 , MGU , MACQUARIE GLBL INFRASTRUCTURE CF 79 , GFY , WESTERN ASST VARIABL RTE STRT CF 79 , ADRA , BLDRS ASIA50ADR ETF 79 , NRO , NEUBERGER BERMN REAL EST SEC INCM CF 79 , GEX , MARKET VECTORS GLBL ALTNTV ENRGY ETF 78 , SWZ , SWISS HELVETIA CF 78 , FLM , FT ISE GBL EN CO 78 , DSI , ISHARES KLD 400 SOCIAL INDEX ETF 78 , IPN , SPDR SP INT IND 78 , HQL , H&Q LIFE SCIENCES INVESTOR CF 78 , PBE , PWRSHRS BIOTEC ETF 78 , PDN , PWRSHRS DEV MKTS EX US SMALL MID ETF 78 , KYN , KAYNE AND MLP IN ETF 78 , EDC , DXN DL EM BUL3X 78 , IWV , iSHARES RUSS 3000 INDEX ETF 78 , RYT , RYDEX S&P EQUAL WEIGHT TECHNOLGY ETF 78 , VTI , VANGUARD TOTAL STOCK MARKET ETF 77 , IFGL , ISHS FTSE EPRA NREIT GLBL US IDX ETF 77 , APF , MORGAN STANLEY ASIA PACIFIC CF 77 , QQEW , FIRST TR NAS 100 EQL WEGHTD INDX ETF 77 , IWB , iSHARES RU 1000 ETF 77 , ITA , ISHARES DOW JONES US AERO&DF IDX ETF 77 , FVL , FIRST TRUST VALUE LINE 100 ETF 77 , IYY , iSHARES DJ US TOT ETF 77 , PDP , POWERSHARES DWA TECHNICL LEADERS ETF 77 , IEV , iSHARES S&P EUR350 ETF 77 , EFG , iSHARES MSCI EAFE GRWTH ETF 77 , EFA , iSHARES EAFE ETF 76 , TMW , SPDR DJ WILSHIRE TOTAL MARKET ETF 76 , NYC , iSHARES IND COM ETF 76 , NY , iSHARES NY 100 ETF 76 , DGS , WSDMTREE EMRG MKTS SMALLCAP DVD ETF 76 , IGA , ING GLOBAL ADVANTAGE PREMIUM OPP CF 76 , IEZ , ISHARES DJONES US OIL EQP & SER ETF 76 , FEZ , DJ EURO STOXX 50 ETF 76 , RNE , MORGAN STANLEY EASTERN EUROPE ETF 76 , PSL , PWRSHRS DYNMIC CNSUMR STAPLS SEC ETF 76 , PEZ , PWRSHRS DYNMIC CNSUMR DISC SCTR ETF 76 , PWB , PWRSHRS LARCAP GR ETF 76 , EFV , iSHARES MSCI EAFE VALUE ETF 75 , EXT , WISDOMTREE TOTAL EARNINGS ETF 75 , VV , RUSSELL 1000 VALUE 75 , KXI , ISHARES S&P GBL CONSU STPLS SCTR ETF 75 , ITF , iSHARES S&P/TOPX ETF 75 , RTL , ISHS FTSE NAREIT RETAIL INDEX ETF 75 , IVV , iSHARES S&P 500 ETF 75 , IGV , ISHARES S&P GSTI SOFTWARE INDEX ETF 75 , ELR , SPDR DJ WILSHIRE LARGE CAP ETF 75 , PBJ , PWRSHRS FODBEV ETF 75 , VIG , VANGUARD DIVIDEND APPRECIATION ETF 75 , XOP , SPDR S&P OIL & GAS EXPL & PROD ETF 75 , DWM , WISDOMTREE DEFA ETF 74 , PXF , PWRSHS FTSE RAFI DVPD MKT EX US ETF 74 , PSJ , PWRSHRS SFTWRE ETF 74 , IHE , ISHARES DOW JONES US PHARMA IDX ETF 74 , VGK , VANGUARD EUROPEAN ETF 74 , SPY , SPDR LARGCAP ETF 74 , VEA , VANGUARD EUROPE PACIFIC ETF 74 , EPS , WISDOMTREE EARNINGS 500 ETF 74 , DDF , DELAWARE INVSTMNTS DIV AND INCM ETF 74 , GWL , SPDR S&P WORLD EX US ETF 74 , VPL , VANGUARD PACIFIC ETF 74 , PIO , POWERSHARES GLOBAL WATER ETF 73 , XLE , ENERGY SELECT SECTOR SPDR ETF 73 , EVX , MARKET VECTORS ENVIRONMENTL INDX ETF 73 , BME , BLACKROCK HEALTH SCIENCES CF 73 , LGI , LAZARD GLOBAL TOTAL RETURN INCOME CF 73 , DGT , SPDR DJ GLOBAL TITANS ETF 73 , IAT , ISHARES DJONES US REGNL BNKS IDX ETF 73 , TYN , TORTOISE NA ENERGY CF 73 , FVD , FIRST TRUST VALUE DIVIDEND INDEX ETF 73 , EEA , EUROPEAN EQUITY CF 73 , FMO , FIDUCIARY/CLAYMORE MLP OPPORTUNTY CF 73 , JKF , iSHARES LRG VAL ETF 73 , VYM , VANGUARD HIGH DIVIDEND YIELD ETF 72 , MTK , MORGAN STANLEY TECHNOLOGY ETF 72 , KLD , iSHARES SEL SOC ETF 72 , ADRD , BLDRS DEVMKT100 ETF 72 , RTH , RETAIL HOLDRS 72 , JCE , NUVEEN CORE EQUITY ALPHA ETF 72 , GULF , WTR MID EAST DIV 72 , PPR , ING PRIME RATE ETF 72 , PTF , PWRSHRS DYNMIC TECHNOLOGY SEC ETF 72 , PPH , ML PHARMACEUTICAL HOLDRS 72 , RNP , COHEN STEERS REIT PREFER INCOME CF 72 , TY , TRI CONTINENTAL 71 , GWX , SPDR S&P INTERNATIONAL SMALL CAP ETF 71 , FEO , iSHARES MSCI SNG ETF 71 , FRA , BLACKROCK FLOAT RATE INC CF 71 , GLV , CLOUGH GLOBAL ALLOCATION CF 71 , DTH , WISDOMTREE DEFA HGHYIELDNG EQTY ETF 71 , TOK , ISHARES MSCI KOKUSAI INDEX ETF 71 , QLD , ULTRA QQQ PROSHARES ETF 71 , ACWI , ISHARES MSCI ACWI INDEX ETF 71 , FFR , FIRT FTSE EPRA GLB REAL EST INDX ETF 71 , RWX , SPDR DJ WILSHIRE INTL REAL ESTAT ETF 71 , VT , Vanguard Total World Stock Index ETF 71 , EMF , TEMPLETON EMERGING MARKETS CF 70 , AMJ , JPM ALERIAN MLP 70 , PFM , POWERSHARES DIVIDEND ACHIEVERS ETF 70 , XLP , CONSUMER STAPLES SPDR ETF 70 , LTL , PRSH ULTRA TELCM 70 , EWP , iSHARES SPAIN ETF 70 , IYE , iSHARES DJ ENR ETF 70 , DOL , WISDOMTREE INTL LARGECP DIVIDEND ETF 70 , JFR , NUVEEN FLOATING RATE INCOME CF 70 , PID , POWERSHARES INTL DVDND ACHVRS ETF 70 , UYM , ULTRA BASIC MATERIALS ETF 70 , EWJ , iSHARES MSCI JPN ETF 69 , FCHI , ISH FTSE CHINA 69 , IOO , iSHARES S&P GL100 ETF 69 , JQC , NUVEEN MULTI STRATEGY INC & GRT 2 CF 69 , VAW , VANGUARD MATERIALS ETF 69 , MSF , MORGAN STANLEY EMERGING MARKETS ETF 69 , VUG , VANGUARD GROWTH ETF 69 , DTN , WISDOMTREE DIVIDEND TOP 100 ETF 69 , ACWX , ISHARES MSCI ACWI EX US INDEX ETF 69 , IIF , MORGAN STANLEY INDIA INVESTMENT CF 69 , MDD , SPDR ID INL MID 69 , FVI , FIRST TRUST VALUE LINE EQU INDEX ETF 69 , IAF , ABERDEEN AUSTRALIA EQUITY CF 68 , IGN , ISHARES S&P GSTI NETWORKING INDX ETF 68 , DIA , DIAMOND ETF 68 , TZV , ISHR SP TR 2040 68 , OEF , iSHARES S&P100 ETF 68 , DTD , WISDOMTREE TOTAL DIVIDEND ETF 68 , JPP , SPDR RUSSELL NOMURA PRIME JAPAN ETF 68 , AOA , ISHR SP AGR ALC 68 , RWO , SPDR DOW GBL RES 68 , EWX , SPDR SP EMG SC 68 , FEU , EUROTOP 100 68 , GAM , GENERAL AMERICAN INVESTORS CF 67 , JRO , NUVEEN FLOATG RATE INCM OPPORTNTY CF 67 , FRI , FIRST TRUST S&P REIT INDEX ETF 67 , VSS , VANGRD FTSE WR SC 67 , CWI , SPDR MSCI ACWI EX US ETF 67 , FXL , FIRST TRUST TECHNOLOGY ALPHADEX ETF 67 , KED , KAYNE ANDERSON ENERGY ORD 67 , VDC , VANGUARD CONSUMER STAPLES ETF 67 , PCM , PCM FUND CF 67 , PTY , PIMCO CORPORATE OPPORTUNITY CF 67 , DEF , CLAYMORE SABRIENT DEFENDER ETF 67 , IWZ , iSHARES RUSS 3000GW ETF 67 , JTA , NUVEEN TAX-ADVANTAGED TOTAL RETN CF 66 , ADRU , BLDRS EUR100ADR ETF 66 , JOF , JAPAN SMALLER CAPITALIZATION CF 66 , DVY , iSHARES DJ SEL DIV ETF 66 , FCT , FIRST TRUSTFOUR CORNERS SENIOR II CF 66 , DRW , WISDMTREE INTNL REAL ESTATE SCTR ETF 66 , TZO , ISHR SP TR 2035 66 , SMH , SEMICONDUCTOR HOLDRS 66 , DLN , WISDOMTREE LARGECAP DIVIDEND ETF 66 , QTEC , FIRST TR NAS 100 TECH SECTR INDX ETF 66 , NSL , NUVEEN SENIOR INCOME CF 66 , XLB , MATERIALS SELEC SPDR ETF 66 , VEU , VANGUARD FTSE ALL WORLD EX US ETF 65 , XPH , SPDR S&P PHARMACEUTICALS ETF 65 , IWF , iSHARES RU 1000 GR ETF 65 , VNQ , VANGUARD REIT ETF 65 , PEY , PWRSHRS HGH YLD ETF 65 , PSR , PS AC US REAL EST 65 , PAGG , PS GBL AGRICULTURE 65 , IYR , iSHARES DJ US REAL ETF 65 , JPC , NUVEEN MULTI STRATEGY INC & GRWTH CF 65 , GXC , SPDR S&P CHINA ETF 65 , DHS , WISDOMTREE HIGH YIELDING EQUITY ETF 65 , IDX , MKT VCTR INDONESIA 64 , DCA , DIVIDEND CAPITAL RLTY INCM ALLC ETF 64 , FAN , FT GBL WND ENERGY 64 , VDE , VANGUARD ENERGY ETF 64 , IVW , ISHARES S&P 500 GROWTH INDEX ETF 64 , USA , LIBERTY ALL-STAR EQUITY CF 64 , TZL , ISHR SP TR 2030 64 , AAXJ , ISHR MSCI ASA JP 64 , OIH , ML OIL SERVICE HOLDRS 64 , TDN , TDAX INDEPENDENCE 2030 ETF 64 , BAL , iPath Dow Jones-AIG Cotton Total Return Sub-I 64 , DEW , WISDOMTREE EUROPE HGH YLDNG EQTY ETF 64 , APB , ASIA PACIFIC CF 63 , RQI , COHEN STEERS QUAL INCOME REALTY CF 63 , IFEU , ISHRS FTSE EPRA NAREIT EURP IDX ETF 63 , PMR , POWERSHARES DYNAMIC RETAIL PRTFL ETF 63 , FFA , FIRST TRUST ENHANCED EQUITY INCM ETF 63 , IFNA , ISHS FTSE EPRA NAREIT NA IDX ETF 63 , BWC , BLACKROCK WORLD INVESTMENT CF 63 , MOO , MARKET VECTORS AGRIBUSINESS ETF 63 , IGM , ISHARES S&P GSTI TECHNOLOGY INDX ETF 63 , CVY , CLAYMORE/ZACKS YIELD HOG ETF 63 , AIA , ISHARES S&P ASIA 50 INDEX ETF 63 , XLG , RYDEX RUSSELL TOP50 ETF 62 , REZ , ISHS FTSE NAREIT RESIDENTL IDX ETF 62 , ONEQ , FIDELITY NASDAQ COMPOSITE INDX ETF 62 , JSC , SPDR RUSSELL NOMURA SML CP JAPAN ETF 62 , JDD , NUVEEN DIVERSIFIED DIVIDEND INCM CF 62 , RWR , DJ WILSHIRE REIT ETF 62 , FXI , iSHARES FTSE CHNA ETF 62 , BGT , BLACKROCK GLBL FLOATING RATE INCM CF 62 , FTY , ISHS FTSE NAREIT RL ESTAE 50 IDX ETF 62 , TZI , ISHR SP TR 2025 62 , EZY , WISDOMTREE LOW P/E ETF 62 , EIS , ISHARES MSCI ISRAEL CAPED INVBLE ETF 62 , PFL , PIMCO FLOATING RATE INCOME CF 61 , DNL , WISDOMTREE JAPAN HGHYIELDNG EQTY ETF 61 , TDF , TEMPLETON DRAG 61 , FDL , FIRST TRUST MORNINGSTAR DIV LDRS ETF 61 , DBV , POWERSHARES DB G10 CURR HARVEST ETF 61 , LD , iPath Dow Jones-AIG Lead Total Return Sub-Ind 61 , PBD , POWERSHARES GLOBAL CLEAN ENERGY ETF 61 , GMF , SPDR S&P EMERGING ASIA PACIFIC ETF 61 , TSI , TCW STRATEGIC INCOME ETF 61 , INP , BARCLAYS IPATH MSCI INDIA RTRN INDX 61 , PWO , PWRSHRS OTC ETF 61 , MES , MRKT VCTR GULF ST 60 , CWB , SPDR BAR CAP BND 60 , RTR , REVENUE SHRS ADR 60 , XSD , SPDR S&P SEMICONDUCTOR ETF 60 , EFT , EATON VANCE SENIOR FLOATING RATE CF 60 , JKE , ISHR MGSTR LGTH 60 , EFR , EATON VANCE SENIOR FLOATING RATE CF 60 , ETY , EATON VANCE TAXMNGD DVFD EQ INCM ETF 60 , DFJ , WISDOMTREE JAPAN SMALCP DIVIDEND ETF 60 , GRI , ALPS COHN STERS 60 , RFI , COHEN STEERS 60 , EXG , EATON VCE TAX MGD GLBL DIVFD EQY ETF 60 , VMM , DELAWARE INVESTMENTS MINNESOTA II ET 59 , RYU , RYDEX S&P EQUAL WEIGHT UTILITIES ETF 59 , PXR , PS EMERGING INFRA 59 , LDF , LATIN AMERICAN DISCOVERY CF 59 , TZG , ISHR SP TR 2020 59 , AOR , ISHR SP GRW ALC 59 , JTP , NUVEEN QUALITY PREFERRED INCOME CF 59 , PCN , PIMCO CORP INCOME CF 59 , PXQ , PWRSHRS NETWRK ETF 59 , ASG , LIBERTY ALL STAR GROWTH FUND CF 59 , SGF , SINGAPORE FUND ETF 59 , ICF , ISHARES TRUST COHEN FD ETF 59 , TLI , LMP CORPORATE LOAN CF 58 , REM , ISHS FTSE NAREIT MRTGE REITS IDX ETF 58 , LBF , DWS GLOBAL HIGH INCOME CF 58 , PFO , FLAHERTY CRUMRIN PREF INCOM OPPO CF 58 , FFC , FLAHERTY & CRUMRINE CLAYMORE CF 58 , FNI , FIRST TRUST ISE CHINDIA INDEX ETF 58 , EVF , EATON VANCE SENIOR INCOME CF 58 , TDH , TDAX INDEPENDENCE 2020 ETF 58 , PUI , POWERSHARES DYNAMIC UTILTS PRTFL ETF 58 , KST , DWS STRATEGIC INCOME CF 58 , EWU , iSHARES UK ETF 58 , EWS , iSHARES MSCI SNG ETF 57 , TEI , TEMPLETON EMER 57 , BHY , BLACKROCK HIGH YIELD CF 57 , MSD , MORGAN STANLEY EMERGING MKT DEBT ETF 57 , FTF , FRANKLINTEMPLETON LIMITED INCOME CF 57 , FGD , FST TST DOW JNS GLBL SEL DVD IDX ETF 57 , EEM , iSHARES MSCI EMR ETF 57 , GMM , SPDR S&P EMERGING MARKETS ETF 57 , KYE , KAYNE ANDERSON ENERGY TOTAL RETRN CF 57 , HTD , JOHN HANCOCK TAX ADVANTAGED INCM CF 57 , JRS , NUVEEN R EST INM 57 , TZE , ISHR SP TR 2015 57 , DOO , WISDOMTREE INTL DIVIDEND TOP 100 ETF 56 , TDV , TDAX INDEPENDENCE 2040 ETF 56 , GUR , SPDR S&P EMERGING EUROPE ETF 56 , VPU , VANGUARD UTILITIES ETF 56 , BCV , BANCROFT CF 56 , FOF , COHEN & STEERS CLSD END OPPTY FD ETF 56 , DVM , COHEN & STEERS DIVIDEND MAJORS CF 56 , EOI , EATON VANCE ENHANCED EQTY INCOME CF 56 , EWY , ISHARES MSCI SOUTH KOREA ETF 56 , ECF , ELLSWORTH ETF 56 , EDD , MS EMERGING MARKTS DOMESTIC DEBT ETF 56 , IDU , iSHARES DJ US UTIL ETF 55 , VWO , VANGUARD EMERGING MARKETS ETF 55 , HSA , SWIRE PACIFIC LTD A 55 , MZA , BLACKROCK MUNIYIELD ARIZONA CF 55 , BLW , BLKRK LT DR INC 55 , DSU , BLACKROCK DEBT STRATEGIES CF 55 , JPG , NUVEEN EQUITY PREMIUM GROWTH CF 55 , PFN , PIMCO FLOATING RATE STRATEGY CF 55 , IYM , iSHARES DJ BASIC ETF 55 , ECH , ISHARES MSCI CHILE INDEX ETF 55 , QQQ.O , QQQ Nasdaq 100 Trust, QQQ.O 55 , SEA , CLYMR DEL GL SPG 55 , PSI , PS DYN SM CONDCTR 54 , BKF , ISHARES MSCI BRIC INDEX ETF 54 , HGI , CLAYMRE ZACKS INTL YLD HOG INDEX ETF 54 , PHD , PIONEER FL RT TR 54 , BRF , BLACKROCK FLORIDA INSURD MUNI2008 CF 54 , ARK , BLACKROCK SENIOR HIGH INCOME CF 54 , MFD , MACQUARIE FIRST GLBL INFR UTL DIV CF 54 , VFL , DELAWARE INV NAT MUNICIPL INCOME ETF 54 , EWI , WEBS ITALY ETF 54 , IGE , ISHARES S&P GSSI NATURAL RES IDX ETF 54 , IXN , iSHARES S&P GLOB TEC ETF 54 , VOX , VANGUARD TELECOMMUNICATION SERVC ETF 53 , ETB , EATON VANCE TAX MANAGED BUY WRITE CF 53 , COY , BLACKROCK CORPORATE HIGH YIELD CF 53 , DWX , SPDR SP INTERNATIONAL ETF 53 , ESD , WESTERN ASST EMER MKT DEBT CF 53 , PCQ , PIMCO CALIFORNIA MUNICIPAL INCOME CF 53 , BDJ , BLACKROCK ENHANCED DIV ACHIEVERS CF 53 , IFN , INDIA CF 53 , CEE , CENTRAL EUROPE AND RUSSIA ETF 53 , EWT , iSHARES MSCI TAI ETF 53 , EVV , EATON VANCE LIMITED DURATION INCM CF 53 , FXS , RYDEX CURR SHS SWEDISH KRONA ETF 53 , CEV , EATON VANCE CALIF MUNICIPAL INCM CF 52 , IGF , ISHARES S&P GLOBAL INFRSTCTR IDX ETF 52 , TDX , TDAX INDEPENDENCE IN TARGET ETF 52 , FT , FRANKLIN UNIV 52 , MEN , BLACKROCK MUNIENHANCED CF 52 , JPZ , NUVEEN EQUITY PREMIUM INCOME CF 52 , BHV , BLACKROCK VIRGINIA MUNICIPAL BOND CF 52 , NIE , NICHOLAS APPLE EQTY & CONV INC ETF 52 , PXH , PWRSHRS EMERGING MARKETS ETF 52 , PCK , PIMCO CALIFORNIA MUNICI INCOME II CF 52 , AOM , ISHR SP MOD ALC 52 , JPS , NUVEEN QUALITY PREFERRED INCOME 2 CF 52 , EIA , EATON VANCE INSURED CALIFORNIA II CF 51 , EPI , WISDOMTREE INDIA EARNINGS ETF 51 , GXG , GBL XI FTSE C020 51 , FXU , FIRST TRUST UTILITIES ALPHADEX ETF 51 , BHD , BLACKROCK STRATEGIC BOND CF 51 , DEM , WSDM TREE EMRG MKT HGH YLD EQTY ETF 51 , TDD , TDAX INDEPENDENCE 2010 ETF 51 , IYZ , iSHARES DJ US TEL ETF 51 , XLU , UTILITIES SELECT SPDR ETF 51 , MTS , MONTGOMERY STREET INCOME SECURIT CF 51 , TWN , TAIWAN FUND ETF 51 , FLC , FLAHERTY&CRUMRINE CLAYMORE TOTEL CF 50 , MAV , PIONEER MUNICIPAL HIGH INCOME ADV CF 50 , MVT , BLACKROCK MUNIVEST II CF 50 , MHI , PIONEER MUNICIPAL HIGH INCOME CF 50 , BSD , BLACKROCK STRATEGIC MUNICIPAL CF 50 , LVL , CLAYMORE BBD HIGH INCOME INDEX ETF 50 , BIK , SPDR S&P BRIC 40 ETF 50 , BGR , BLACKROCK GLOBAL ENRGY & RESOURCS CF 50 , JHP , NUVEEN QUALITY PREFERRED INCOME 3 CF 50 , VLT , VAN KAMPEN HIGH INCOME II ETF 50 , MXI , ISHARES S&P GBL MATERLS SCR IDX ETF 50 , MUH , BLACKROCK MUNIHOLDINGS II CF 50 , MCR , MFS CHARTER INCM 49 , GML , SPDR S&P EMERGING LATIN AMERICA ETF 49 , IXC , iSHARES S&P GLOB ENG ETF 49 , BTZ , BLACKROCK PREFERRED & EQUITY ADV ETF 49 , VGT , VANGUARD INFORMATION TECHNOLOGY ETF 49 , EU , WT DREYFUS EURO 49 , DPD , DOW 30 PREMIUM & DIVIDEND INCOME CF 49 , HAP , MRKT VCT RVE AST 49 , MSP , MSCI PAN EURO INDEX 49 , MXA , MINNESOTA MUNICIPAL INC PORTFOLIO ET 49 , HIS , BLACKROCK HIGH INCOME SHARES CF 49 , DZZ , PowerShares DB Gold Double Short ETN 48 , ZF , ZWEIG FUND INC 48 , BSP , AMERICAN STRATEGIC INCOME ETF 48 , XLK , TECHNOLOGY SELEC SPDR ETF 48 , NCO , NUVEEN CALIF MUNI MARKET OPPOR CF 48 , ERC , EVERGREEN MULTI SECTOR INCOME CF 48 , AFK , MKT VCTRS AFRICA 48 , PIN , POWERSHARES INDIA PORTFOLIO ETF 48 , MUA , BLACKROCK MUNIASSETS CF 48 , BSE , BLACKROCK NY INSURED MUNICPL INCM CF 48 , EHI , WESTERN ASST GLBAL HIGH INCOME CF 48 , PZC , PIMCO CALIFOR MUNI INCM III CF 48 , USD , ULTRA SEMICONDUCTORS ETF 47 , TGR , ISHR SP RT INC 47 , EVY , EATON VANCE NEW YORK MUNCIPL INCM CF 47 , MCN , MADISON/CLMR COV CALL & EQU STRT ETF 47 , EOS , EATON VANCE ENHANCED EQTY INCM II CF 47 , KF , KOREA CF 47 , BFZ , BLACKROCK CALIFORNIA MUNICPL INCM CF 47 , KMM , DWS MULTI MARKET INCOME CF 47 , NMZ , NUVEEN MUN HIGH 47 , HMH , MINI HANG SENG INDEX 47 , NCB , NUVEEN CAL MUN 2 47 , CYE , BLACKROCK CORPRTE HIGH YLD III CF 46 , PGP , PIMCO GLOBAL STOCKSPLUS INCOME CF 46 , GCV , GABELLI CONVERTBLE & INCM SECURTY CF 46 , JSN , NUVEEN EQUITY PREMIUM OPPORTUNITY CF 46 , HTR , HYPERION BROOKFIELD TOTAL RETURN ETF 46 , PNF , PIMCO NEW YORK MUNICIPAL INCOME CF 46 , SBW , WESTERN ASST WRLDWIDE INCM CF 46 , NMI , NUVEEN MUNICIPAL INCOME CF 46 , NPT , NUVEEN PREMIUM INCOME MUNICIPAL 4 CF 46 , EWC , iSHARES CANADA ETF 46 , HYV , BLACKROCK CORPORATE HIGH YIELD V CF 46 , HYD , MKT VC HYLD MUN 46 , NFZ , NUVEEN ARIZONA DIV ADVAN MUNI CF 45 , AOK , ISHR SP CON ALC 45 , HYT , BLACKROCK CORPORATE HIGH YIELD VI CF 45 , HYG , ISHS IBXX $ HGH YIELD CRPRTE BND ETF 45 , PNI , PIMCO NEW YORK MUNICI INCOME II CF 45 , JNK , SPDR BARC HY BND 45 , DBE , PowerShares Deutsche Bank Energy Fund 45 , JLA , NUVEEN EQUITY PREMIUM ADVANTAGE CF 45 , MCA , MUNIYIELD CALIFORNIA INSURED CF 45 , ETW , EATON VANCE TAX MANAGED GLOBAL CF 45 , GDF , WESTERN ASST GLBL PARTNRS INCOME CF 45 , NXE , NUVEEN ARIZONA DIV ADVAN MUNI 3 CF 45 , RSX , MARKET VECTORS RUSSIA ETF 44 , NAC , NUVEEN CALIFORNIA DIVIDEND ADV CF 44 , MMT , MFS MULTIMARKET INCOME CF 44 , PEO , PETROLEUM & RESOURCES CF 44 , NYV , NUVEEN NY MUN 2 44 , HPI , JOHN HANCOCK PREFERRED INCOME CF 44 , PFF , ISHS S&P U S PREFD STOCK INDX ETF 44 , JHS , JOHN HANCOCK INC 44 , NCU , NUVEEN CALIF PREMIUM INCM MUNI CF 44 , IRV , SPDR SP INT MAT 44 , MUC , BLACKROCK MUNIHLDG CALIFORNI INS ETF 44 , MUE , BLACKROCK MUNIHLDGS INSD II CF 43 , MHD , BLACKROCK MUNIHOLDINGS CF 43 , DGZ , PowerShares DB Gold Short ETN 43 , NAZ , NUVEEN ARIZONA 43 , ETV , EATON VANCE TAX MANAGED BUY WRITE CF 43 , UTG , REAVES UTILITY INCOME CF 43 , HIH , HELIOS HIGH INCM 43 , EMD , WESTERN ASST EMER MKT INCM CF 43 , GHI , GLOBAL HIGH INCOME FUND ETF 43 , GII , SPDR FTSE MACQUARIE GLBL INF 100 ETF 43 , PXN , POWERSHARES LUX NANOTECH PRTFLIO ETF 43 , FAM , FIRST TRUSTABERDEN GLOBL OPP INCM CF 43 , PCY , POWERSHARES EMRG MKTS SOVRGN DBT ETF 42 , PGF , POWERSHARES FINANCIAL PREFERRED ETF 42 , BQH , BLACKROCK NEW YORK MUNICIPAL BOND CF 42 , WIP , SPDR DB INT GOVT 42 , BKN , BLACKROCK INVESTMENT QLTY MUNICPL CF 42 , ULE , PS ULTRA EURO 42 , HAV , HELIOS ADV INCM 42 , RJN , ELEMENTS Rogers International Commodity Energ 42 , PYN , PIMCO NEW YORK MUN INCOME III CF 42 , PHB , PWRSHS HGH YIELD CORPORATE BOND ETF 42 , PML , PIMCO MUNICIPAL INCOME II CF 42 , BQY , BLACKROCK S&P QLTY RANKGS GLBL EQ CF 41 , MYD , BLACKROCK MUNIYIELD CF 41 , MYN , BLACKROCK MUNIYLD NEWYORK INSD CF 41 , IAE , ING ASIA PAC HIGH DIVID EQY INCM ETF 41 , PGM , iPath Dow Jones-AIG Platinum Total Return Sub 41 , PDT , JH PATR PREM II 41 , MMU , WESTERN ASST MNGD MUNCPLS CF 41 , ZTR , ZWEIG TOTAL RETURN CF 41 , KTF , DWS MUNICIPAL INCOME CF 41 , NXC , NUVEEN CALIF SELECT TAX-FREE INCM CF 41 , EVN , EATON VANCE MUNICIPAL INCOME CF 41 , MYF , BLACKROCK MUNIYIELD FLORIDA CF 41 , CIF , MFS INTERMEDIATE HIGH INCOME CF 40 , NUC , NUVEEN CALIF QUALITY INCM MUNI CF 40 , NVC , NUVEEN CALIF SEL 40 , NVX , NUVEEN CALIF DIV ADVAN MUNI 2 CF 40 , FDD , FIRST DJ STOXX SLECT DIV 30 INDX ETF 40 , MNE , BLACKROCK MUNI NEWYORK INTERM DUR CF 40 , CEW , WT DRYFS EMG CUR 40 , PMF , PIMCO MUNI INCM 40 , PGX , POWERSHARES PREFERRED PORTFOLIO ETF 40 , WIA , WESTERN CLYMR INFLTN SEC & INCM ETF 40 , EMI , EATON VANCE MICHIGAN MUNI INCOME CF 40 , KSM , DWS STRATEGIC MUNICIPAL INCOME CF 39 , HPS , JOHN HANCOCK PREFERRED INCOME III CF 39 , IYW , ISHARES DJ US TECHNOLGY SCTR IDX ETF 39 , PMM , PUTNAM MANAGED MUNICIPAL INCOME ETF 39 , NKR , NUVEEN ARIZONA DIV ADVAN MUNI 2 CF 39 , MYC , BLACKROCK MUNIYIELD CALIFORNIA CF 39 , FHY , FIRST TR STR FD 39 , MFV , MFS SPECIAL VAL 39 , DBU , WISDMTREE INTL UTILITIES SEC ETF 39 , BFK , BLACKROCK MUNICIPAL INCOME CF 39 , ICI , IPATH OPT CUR CA 39 , EMB , iShares JPMorgan USD Emerg Markets Bond 39 , NIO , NUVEEN INS MUNI 38 , ROM , ULTRA TECHNOLOGY PROSHARES ETF 38 , ILF , iSHARES S&P LAT ETF 38 , EVG , EATON VANCE SHORT DURATION INCOME CF 38 , NAD , NUVEEN DIVIDEND ADVANTAGE MNCPL CF 38 , GLU , GABELLI GLOBAL UTILITY & INCOME CF 38 , NPN , NUVEEN PN MUN VL 38 , FXE , CURRENCYSHARES EURO ETF 38 , VTN , VAN KAMPEN NEW YORK MUNICIPALS ETF 38 , NPY , NUVEEN INSURED PENNSYL PREM INCM CF 38 , MYI , BLACKROCK MUNIYIELD INSD CF 38 , NCP , NUVEEN CALIF PERFORMANC PLUS MUNI CF 38 , HPF , JOHN HANCOCK PREFERRED INCOME II CF 37 , MVF , BLACKROCK MUNIVEST CF 37 , EIO , EATON VANCE INSURED OHIO MUNI BND CF 37 , NCA , NUVEEN CALIFORNIA MUNICIPAL VALUE CF 37 , NCV , NICHOLAS APPLEGATE CONVER & INCM CF 37 , PFD , FLAHERTY CRUMRINE PREF INCOME CF 37 , GLL , MORGAN STANLEY ILB 37 , BKK , BLACKROCK MUNICIPAL 2020 TERM CF 37 , CMF , ISHARES S&P CALIFORNIA MUNICIPAL ETF 37 , CCA , MFS CALIFORNIA INSURED MUNICIPAL CF 37 , BBF , BLACKROCK FLORIDA MUNICIPAL INCM CF 37 , MFM , MFS MUNICIPAL INCOME CF 36 , BIE , BLACKROCK FLORIDA MUNICIPAL BOND CF 36 , BNY , BLACKROCK NY MUNICIPAL INCM TRUST CF 36 , CXE , MFS HIGH INCOME MUNICIPAL CF 36 , BLE , BLACKROCK MUNICIPAL INCOME II CF 36 , MLN , MARKT VCTRS LB AMT FREE LG MNCPL IDX 36 , NCZ , NICHOLAS APPLEGATE CONV & INCM II CF 36 , BFY , BLACKROCK NY MUNICIPAL INCOME II CF 36 , PWZ , PS INS CAL MUNIC 36 , TYD , DXN 10YR TRBUL3X 36 , MHN , BLACKROCK MUNIHLDG NEW YORK INSRD CF 36 , IXP , iSHARES S&P GLOB TEL ETF 36 , LEO , DREYFUS STRATEGIC MUNICIPALS CF 35 , FAX , ABERDEEN ASIA PACIFIC PRIME INCM CF 35 , HIF , WESTERN ASST HIGH INCOME CF 35 , NQI , NUVEEN INSURED QUALITY MUNICIPAL CF 35 , CNY , MORGAN STANLEY MRKT VCTORS RMB ETN 35 , NUV , NUVEEN MUNICIPAL VALUE CF 35 , JGT , NUVEN MULT CUR SHRT TERM GVT INC ETF 35 , TRF , TEMPLETON RUSSIA EAST EUROPEAN CF 35 , PZA , POWERSHARES INSR NATL MNCPL BOND ETF 35 , ADRE , BLDRS EMERMKT50 ETF 35 , WIW , WESTRN CLYMR INFLTN OPPRT & INCM ETF 35 , CYB , WT DRYFS CHN YN 34 , NVN , NUVEEN NY SELECT QUALITY INCM CF 34 , CSI , Cutwater Select Income 34 , INR , MORGAN STANLEY MRKT VCTORS INR ETN 34 , EIM , EATON VANCE INSURED MUNICIPAL BND CF 34 , NNP , NUVEEN NY PERFORMANCE PLUS MUNI CF 34 , IST , SPDR SP INT TEL 34 , ERH , EVERGREEN UTILITIES AND HIGH INCM CF 34 , NQC , NUVEEN CALIF INVMNT QUALITY MUNI CF 34 , AYT , BCLYS GEMS ASIA8 34 , ITR , SPDR BAR CITC BD 34 , OIA , MORGAN STANLEY MUNI INCOME OPPOR CF 34 , BHK , BLACKROCK CORE BOND CF 33 , NUJ , NUVEEN NEW JERSEY DIV ADV MUNI 2 CF 33 , DSM , DREYFUS STRAT 33 , MQT , BLACKROCK MUNIYLD QUALITY FUND II CF 33 , LQD , ISHARES IBOXX INVESTMENT GRADE ETF 33 , CET , CENTRAL SECURITY 33 , CIU , ISHARES INTERMEDIATE CREDIT ETF 33 , NAN , NUVEEN NY DIV ADVNTAGE MUNCPL ETF 33 , MUJ , BLACKROCK MUNIHLDG NEWJERSEY INSD CF 33 , MFT , BLACKROCK MUNIYIELD FLORIDA INSRD CF 33 , NPP , NUVEEN PERFORM 33 , QAI , IQ HED ML ST TRK 32 , EZA , iSHARES SOUT AFR ETF 32 , CSP , AMERICAN STRATGC INCOME III ETF 32 , NMO , NUV MUN MKT OPP 32 , IGD , ING GLOBAL EQUITY DIVDEND OPP CF 32 , NQM , NUVEEN INVESTMENT QUALITY MUNI CF 32 , NYF , ISHARES S&P NEW YORK MUNICIPAL ETF 32 , EWM , iSHARES MSCI MAL ETF 32 , PMX , PIMCO MUNICIPAL INCOME III CF 32 , GAF , SPDR S&P EMRG MIDDLE EAST AFRICA ETF 32 , CMK , MFS INTERMARKET INCOME I CF 32 , HIO , WESTRN ASST HIGH INCM OPPORTUNITY CF 32 , VCF , DELAWARE INVSMNT COL MUNPL INCM ETF 31 , BPS , BLACKROCK PENNSYLVNA STRATGC MUNI CF 31 , ITM , MKT VECT LHN BRS AMT FREE INTMDT ETF 31 , SBI , WESTERN ASSET INTERMEDIATE MUNI CF 31 , ENX , EATON VANCE INSURED NEW YORK MUNI CF 31 , PIM , PUTNAM MSTR INTR 31 , MFL , BLACKROCK MUNIHLDGS FLORIDA INSD CF 31 , BBK , BLACKROCK MUNICIPAL BOND TRUST CF 31 , NXN , NUVEEN NY SEL 31 , BNA , BLACKROCK NORTH AMERICN GOVT INCM CF 31 , MYM , BLACKROCK MUNIYLD MICHIGAN INSD CF 31 , IPE , SPDR BARCLAYS CAPITAL TIPS ETF 31 , RJI , ELEMENTS Rogers International Commodity Index 30 , SGL , STRATEGIC GLOBAL INCOME ETF 30 , TIP , ISHARES TRUST ETF 30 , IMF , WESTERN ASST INFLATION MGMT CF 30 , KHI , DWS HIGH INCOME CF 30 , CSJ , ISHARES LEHMAN 1-3 YEAR CREDIT ETF 30 , CMU , MFS HIGH YIELD MUNICIPAL CF 30 , UHN , United States Heating Oil Fund 30 , ICN , WT DR INDIAN RUP 30 , NMT , NUVEEN MA PREM 30 , MUB , ISHARES S&P NATIONAL MNCPAL BND ETF 30 , PHF , PACHOLDER HIGH YIELD ETF 29 , DHG , DWS DREMAN VALUE INCOME EDGE FD ETF 29 , NXQ , NUV SL TX FREE 2 29 , EGF , BLACKROCK ENHANCED GOVERNMENT CF 29 , BTA , BLACKROCK LONG TERM MUNICIPL ADV CF 29 , MIY , BLACKROCK MUNIYLD MICHIGAN INSRD CF 29 , BPK , BLACKROCK MUNICIPAL 2018 TERM CF 29 , CFT , ISHARES LEHMAN CREDIT BOND ETF 29 , MUS , BLACKROCK MUNIHOLDINGS INSURED CF 29 , RCS , PIMCO STRAT GLOBAL GOVERNMNT ETF 29 , CMD , ProShares UltraShort DJ-AIG Commodity ETF 29 , NXR , NUV SL TX FREE 3 29 , DMF , DREYFUS MUNI 28 , PZT , PS INS NY MUNIC 28 , HYI , HIGH YIELD INCOME CF 28 , IEI , ISHARES LEHMAN 3-7 YEAR TREASURY ETF 28 , NZH , NUVEEN CALIF DIV ADVAN MUNI 3 CF 28 , BAF , BLACKROCK FLA INSURED MUNICI INCM CF 28 , UUP , POWERSHRS DB US DLR INDX BULLISH ETF 28 , PTM , E-TRACS CMCI Long Platinum ETN 28 , PMNA , PWSHR MENA FRT 28 , CII , BLACKROCK ENHCD CAPITL AND INCOME CF 28 , EVM , EATON VANCE INSURE CLIFORNIA MUNI CF 28 , MCI , MASSMUTUAL CORPORATE INVESTOR ETF 27 , NQN , NUVEEN NY INV 27 , GIM , TEMPLETON GLOBAL INCOME CF 27 , NBJ , NUVEEN OHIO DIVIDEND ADV MNCPL 2 CF 27 , JGG , NUVEEN GLOBAL GOVT ENHNCD INCM ETF 27 , BFO , BLACKROCK FLORIDA MUNICIPAL 2020 CF 27 , INY , SPDR LEHMAN NY 27 , NXI , NUVEEN OHIO DIVIDEND ADVAN MUNI CF 27 , SMB , MARKET VETRS LEHMAN BROS MUNIPAL ETF 27 , MQY , BLACKROCK MUNIYLD QUALITY FUND CF 27 , GSG , iShares GSCI Commodity-Indexed Trust ETF 27 , JXI , ISHARES S&P GBL UTILITS SCTR IDX ETF 27 , SHV , ISHARES LEHMAN SHORT TREASURY ETF 26 , SHY , ISHARES LEHMN 1-3 YR TRSRY BND ETF 26 , PCF , PUTNAM HIGH INCOME SECURITIES ETF 26 , GSP , Goldman Sachs Commodity Index (GSCI) Total Re 26 , NUN , NUVEEN NEW YORK QUALITY INCM MUNI CF 26 , MHY , WESTERN ASST MANGD HGH INCM CF 26 , PVI , POWERSHARES VRDO TAX FREE WEEKLY ETF 26 , BIL , SPDR LEHMAN 1-3 MONTH T BILL ETF 26 , FPT , FEDERATED PREMIER INTERMIDAT MUNI CF 26 , BNJ , BLACKROCK NEW JERSEY MUNICPL INCM CF 26 , GVI , ISHARES INTERMEDIATE GOVT/CREDIT ETF 26 , SUB , ISHR ST NAT MUN 25 , FXA , RYDEX CURR SHS AUSTR DOLLAR TRST ETF 25 , NXK , NUVEEN NEW YORK DIV ADVAN MUNI CF 25 , NTC , NUVEEN CONNECTICUT PREM INCM MUNI CF 25 , AGZ , ISHR BRCLY AG BD 25 , NMB , NUVEEN MASS DIVIDEND ADVAN MUNI CF 25 , FXF , RYDEX CUR SHS SWISS FRANC ETF 25 , SHM , SPDR LEHMAN ST 25 , BOE , BLACKROCK GLOBAL OPPORTUNITIES EQ CF 25 , BYM , BLACKROCK INSURED MUNICIPAL INCM CF 25 , FCO , ABERDEEN GLOBAL INCOME CF 25 , IEF , ISHARES LEHMN 7-10 YR TRSRY BND ETF 25 , NUM , NUVEEN MICHIGAN QUALITY INCM 2 CF 24 , IGOV , ISH TI SP C IT 24 , NPI , NUVEEN PREMIUM INCOME MUNICIPAL CF 24 , NKO , NUVEEN INSURED NY DIV ADV MUNI CF 24 , BSV , VANGUARD SHORT TERM BOND ETF 24 , NBH , NEUBERGER BERMAN INTERMED MNCPL CF 24 , NXM , NUVEEN PENNSYLVANIA DIV ADV MUNI CF 24 , NNJ , NUVEEN NJ PREM 24 , BLJ , BLACKROCK NEW JERSEY MUNICIPAL BD CF 24 , MHE , MASS HEALTH EDU 24 , NPX , NUVEEN INS PREM 24 , NQJ , NUVEEN NEW JERSEY INVMNT QUALITY CF 24 , NFJ , NFJ DIV INTEREST & PREM STRATEGY CF 23 , NVJ , NUVEEN OHIO DIVIDEND ADVAN MUNI 3 CF 23 , MYJ , BLACKROCK MUNIYIELD NEWJERSEY CF 23 , NRK , NUVEEN INSURED NY TAX FREE ADV CF 23 , MIN , MFS INTERMEDIATE INCOME CF 23 , HYF , MANAGED HIGH YIELD PLUS CF 23 , TFI , SPDR LEHMAN MUNICIPAL BOND ETF 23 , NPM , NUVEEN PREMIUM INCOME MUNICIPAL 2 CF 23 , PPT , PUTNAM PREM INCM 23 , VPV , VAN KAMPEN PENNSYLVANIA VALUE ETF 23 , CH , CHILE CF 23 , DBC , PowerShares DB Commodity Index Tracking Fund 22 , NXZ , NUVEEN DIVIDEND ADVATAGE MUNI 2 CF 22 , PRB , MRKT VT PR RF MU 22 , GBF , ISHR BARC GOV CR 22 , LAG , SPDR LEHMAN AGGREGATE BOND ETF 22 , MZF , MBIA CAPITAL/CLAYMORE DURATION CF 22 , NKG , NUVEEN GEORGIA DIV ADVAN MUNI 2 CF 22 , LWC , SPDR BCLY CAP LT 22 , RJZ , ELEMENTS Rogers International Commodity Metal 22 , MBB , ISHARES LEHMAN MBS FIXED RT BND ETF 22 , MPA , BLACKROCK MUNIYLD PENNSYLVANIA CF 22 , NKX , NUVEEN INSURED CALIF TAX FREE ADV CF 22 , IPW , SPDR SP INT ENG 21 , NPF , NUV PRM MUN INC 21 , NMA , NUVEEN MUNICIPAL ADVANTAGE CF 21 , CXA , SPDR LEHMAN CA 21 , NNY , NUVEEN NEW YORK MUNICIPAL VALUE CF 21 , EWZ , iSHARES BRAZIL ETF 21 , AGG , ISHARES LEHMAN AGGREGATE BOND ETF 21 , EAD , EVERGREEN INCOME ADVANTAGE CF 21 , CCX , WisdomTree Dreyfus Commodity Currency 21 , NQU , NUVEEN QUALITY INCOME MUNICIPAL CF 21 , BZF , WT DRYFS BRAZ RL 21 , ICB , MORGAN STANLEY INCOME SECURITIES CF 20 , ITE , SPDR LHMN INTERMDTE TERM TREASRY ETF 20 , JHI , JOHN HANCOCK INVESTORS CF 20 , VCV , VAN KAMPEN CALIF VALUE MUNICIPAL ETF 20 , NOM , NUVEEN MISSOURI PREMIUM INCM MUNI CF 20 , HIX , WESTERN ASST HIGH INCM II CF 20 , DHF , DREYFUS HIGH YIELD STRATEGIES CF 20 , NVY , NUVEEN PENNSYL DIV ADV MUNI 2 CF 20 , PMO , PUTNAM MUNI 20 , UCI , E-TRACS BBERG 20 , HYB , NEW AMERICA HIGH INCOME CF 20 , NYH , EATON VANCE INSURED NY MUNI BD II CF 20 , BND , VANGUARD TOTAL BOND MARKET ETF 19 , DTF , DTF TAX FREE INCOME CF 19 , ADZ , DB AGRI SHORT 19 , DBO , PowerShares DB Oil Fund 19 , BJZ , BLACKROCK CALIFORNIA MUNICPL 2018 CF 19 , EVJ , EATON VANCE NEW JERSEY MUNI INCM CF 19 , MNP , WESTERN ASST MUNCPL PARNRS CF 19 , PAI , WESTERN ASSET INCOME CF 19 , OLO , PowerShares DB Crude Oil Long ETN 19 , NXJ , NUVEEN NEW JERSEY DIV ADVAN MUNI CF 19 , NUCL , ISHR SP GBL NCL ENG 19 , UDN , POWERSHRS DB US DLR INDX BEARISH ETF 18 , TLH , ISHARES LEHMAN 10-20 YR TREASURY ETF 18 , DUC , DUFF & PHELPS 18 , MJI , BLACKROCK MUNIYLD NEW JERSEY INSD CF 18 , FRN , CMR BNY MLN FNTR 18 , FMN , FEDERATED PREMIER MUNICIPL INCOME CF 18 , BZM , BLACKROCK MARYLAND MUNICIPAL BOND CF 18 , BIV , VANGUARD INTERMEDIATE TERM BOND ETF 18 , NIM , NUVEEN SELECT MATURITY MUNICIPAL CF 18 , SZO , PowerShares DB Crude Oil Short ETN 18 , GDL , GABELLI GLOBAL DEAL ETF 18 , VKI , VAN KAMPEN ADVANTAGE MUNICIPAL ETF 18 , NEA , NUVEEN INSURED TX FREE ADVAN MUNI CF 17 , UBM , E-TRACS BB IN MT 17 , EEB , CLAYMORE/BNY BRIC ETF 17 , NXP , NUVEEN SELECT TAX-FREE INCOME CF 17 , NQP , NUVEEN PENNSYL INVMNT QUALITY CF 17 , BWZ , SPDR BCLY CAP ST 17 , WEA , WESTERN ASSET PREMIER BOND CF 17 , IPU , SPDR SP INT UTL 17 , SLX , MARKET VECTORS STEEL INDEX ETF 17 , VGM , VAN KAMPEN TR INVSTMNT GRADE MUNI ET 17 , NUO , NUVEEN OHIO QUALITY INCM MUNI CF 17 , FXC , RYDEX CURR SHS CANADIAN DOLLAR ETF 16 , MHF , WESTERN ASST MUNCPL HGH INCM CF 16 , NVG , NUVEEN INSURED DIV ADVAN MUNI CF 16 , USL , United States 12 Month Oil Fund 16 , MBG , SPDR BCLY CP MRT 16 , PLW , POWERSHARES 1 30 LADDERED TRSURY ETF 16 , NZF , NUVEEN DIVIDEND ADVANTAGE MUNI 3 CF 16 , JJC , Dow Jones-AIG Copper Total Return ETN 16 , NJV , NUVEEN NJ MUN VL 16 , PGJ , PWRSHRS GLD DRAG ETF 16 , DNP , DNP SELECT INCOME ETF 16 , FCG , FIRST TR ISE REVERE NTRL GAS IDX ETF 16 , BLH , BLACKROCK NEW YORK MUNICIPAL 2018 CF 15 , NBW , NEUBERGER BERMAN CALIF INTERM MNC CF 15 , EVP , EATON VANCE PENSYLVANIA MUNI INCM CF 15 , EMJ , EATON VANCE INSURE NEWJERSEY MUNI CF 15 , BWX , SPDR LEHMAN INTRNATIONL TREASURY ETF 15 , NIF , S&P NIFTY 15 , JGV , NUVEEN GLOBAL VALUE ETF 15 , NNF , NUVEEN NEW YORK PREMIUM INCM MUNI CF 15 , MUI , BLACKROCK MUNI INTERM DUR CF 15 , ISHG , ISH TI SP C 1-3 15 , BOS , PowerShares DB Base Metals Short ETN 15 , NQS , NUVEEN SELECT QUALITY MUNICIPAL CF 15 , IIM , MORGAN STANLEY MUNICIPAL INCOME CF 14 , PHT , PIONEER HIGH INCOME CF 14 , RJA , ELEMENTS Rogers International Commodity Agric 14 , MAB , EATON VANCE INSURD MASSACHUS MUNI CF 14 , EQS , EQUUS TOTAL RETURN ETF 14 , EVO , EATON VANCE OHIO MUNICIPAL INCOME CF 14 , DBB , PowerShares DB Base Metals Fund 14 , MPV , MASSMUTUAL PARTICIPATION INVESTR ETF 14 , MMV , EATON VANCE MASSACHUSETTS MNCPL CF 14 , VKQ , VAN KAMPEN MUNICIPAL ETF 14 , CXH , MFS INVESTMENT GRADE MUNICIPAL CF 14 , NMY , NUVEEN MD PREM 13 , BLV , VANGUARD LONG TERM BOND ETF 13 , USO , United States Oil Fund 13 , JJG , Dow Jones-AIG Grains Total Return ETN 13 , JJM , Dow Jones-AIG Industrial Metals Total Return 13 , TLO , SPDR LEHMAN LNG TRM TREASURY ETF 13 , TBT , PRS ULT SRT20PLUS YR 13 , NBO , NEUBERGER BERMAN NY INTERM MNCPL CF 13 , GRU , ELEMENTS MLCX Grains Index ETN 13 , OIL , Goldman Sachs Crude Oil Total Return ETN 13 , EIV , EATON VANCE INSURED MUNI BOND II CF 13 , NAI , NICHOLAS-APPLEGATE INTL & PREMIUM CF 13 , IQI , MORGAN STANLEY QUALITY MUNICIPAL CF 12 , JJN , Dow Jones-AIG Nickel Total Return ETN 12 , EOD , EVERGREEN GLBL DIVID OPPORTUNITY ETF 12 , FDI , FORT DEARBORN INCOME SECURITIES CF 12 , VMO , VAN KAMPEN MUNICIPAL OPPORTUNITY ETF 12 , TLT , ISHARES TRUST LEHMN 20 ETF 12 , DPU , PowerShares DB Commodity Long ETN 12 , CHN , CHINA ETF 12 , EIP , EATON VANCE INSURED PENNSYLVANIA CF 12 , NNC , NUVEEN NC PREMIUM INCOME MUNI CF 12 , PBW , PWRSHRS WILDHLL ETF 12 , VBF , VAN KAMPEN BOND ETF 11 , PST , PS UL SRT 7 10 YR 11 , TAI , TRANSAMERICA INCOME SHARES CF 11 , FXB , RYDEX CUR SHS BRIT POUND STER ETF 11 , DJP , Dow Jones-AIG Commodity Index Total Return ET 11 , IAU , iShares COMEX Gold Trust ETF 11 , NTX , NUVEEN TEXAS QUALITY INCM MUNI CF 11 , GLD , streetTRACKS Gold Shares ETF 11 , NGX , MA TX FREE ADVTG 11 , UAG , E-TRACS BB AGRIC 11 , IF , INDONESIA CF 11 , GCC , GreenHaven Continuous Commodity Index Fund 11 , UBG , E-TRACS BB GOLD 10 , NPV , NUVEEN VA PREM 10 , BKT , BLACKROCK INCOME CF 10 , DGL , PowerShares DB Gold Fund 10 , BOM , PowerShares DB Base Metals Double Short ETN 10 , MIW , EATON VANCE INSRD MICH MNCPL BOND CF 10 , FUD , E-TRACS CMCI Food ETN 10 , MGF , MFS GOVERNMENT MARKETS INCOME CF 10 , BCF , BLACKROCK REAL ASSET EQUITY ETF 10 , DBP , PowerShares DB Precious Metals Fund 10 , JJA , Dow Jones-AIG Agriculture Total Return ETN 10 , JJU , iPath Dow Jones-AIG Aluminum Total Return Sub 9 , JJP , IPTH DJAIG PR MT 9 , DRR , MV DBL SHRT EURO 9 , EUO , PS ULTRASHRT EURO 9 , DEE , DB CMDTY DBL SRT 9 , ICLN , ISH SP GBLCL ENG 9 , DYY , PowerShares DB Commodity Double Long ETN 9 , DTO , PowerShares DB Crude Oil Double Short ETN 9 , AGF , PowerShares DB Agriculture Long ETN 9 , GTU , CENTRAL GOLD UNT 9 , KEF , KOREA EQUITY CF 9 , COW , Dow Jones-AIG Livestock Total Return ETN 9 , PHK , PIMCO HIGH INCOME CF 8 , UBC , E-TRACS BB LVSTK 8 , SLV , iShares Silver Trust ETF 8 , ENY , CLYMR SWM CANADIAN ENGY INCM IDX ETF 8 , NLR , MARKET VECTORS NUCLEAR ENERGY ETF 8 , USV , E-TRACS CMCI Silver ETN 8 , DBS , PowerShares DB Silver Fund 8 , CLM , CORNERSTONE STRATEGIC VALUE CF 8 , CEF , CENTRAL FUND CDA ETF 8 , CRF , CORNERSTONE TOTAL RETURN CF 8 , XME , SPDR S&P METALS & MINING ETF 8 , TYO , DXN 10YR TRBR3X 8 , SCO , ProShares UltraShort DJ-AIG Crude Oil ETF 7 , GRR , ASIA TIGERS CF 7 , AGA , PowerShares DB Agriculture Double Short ETN 7 , DBA , PowerShares DB Agriculture Fund 7 , BDD , PowerShares DB Base Metals Double Long ETN 7 , LSC , ELEMENTS S&P Commodity Trends Indicator ETN 7 , PSQ , SHORT QQQ PROSHARES ETF 7 , EDV , VANGUARD EXTENDED DURATION ETF 7 , UCD , ProShares Ultra DJ-AIG Commodity ETF 7 , TMV , DXN 30YR TRBR3X 7 , DGP , PowerShares DB Gold Double Long ETN 7 , EUM , SHORT MSCI EMERGING MARKETS ETF 6 , GUT , GABELLI UTILITY CF 6 , DDP , DB COMMODITY SHRT 6 , TMF , DXN 30YR TRBUL3X 6 , UGL , ProShares Ultra Gold ETF 6 , UCO , ProShares Ultra DJ-AIG Crude Oil ETF 6 , UNG , United States Natural Gas Fund 6 , FMY , FIRST TRUST/FIDAC MORTGAGE INCOME CF 6 , NIB , iPath Dow Jones-AIG Cocoa Total Return Sub-In 6 , DOG , SHORT DOW30 PROSHARES ETF 6 , KOL , MARKET VECTORS COAL ETF 6 , CAK , ML ACC NT CN STP 6 , DDG , PROSHARES OIL GAS 5 , REW , ULTRASHORT TECHNOLOGY PROSHARES ETF 5 , SIL , Silver Miners Global X, SIL 5 , KWT , MKVCTR SOLAR ENERGY 5 , SH , SHORT S&P500 PROSHARES ETF 5 , JJS , iPath Dow Jones-AIG Softs Total Return Sub-In 5 , JYN , BARCLAYS IPATH JPY USD EXCH RATE ETN 5 , DAG , PowerShares DB Agriculture Double Long ETN 5 , SGG , iPath Dow Jones-AIG Sugar Total Return Sub-In 5 , EFZ , PROSHARES SHORT MSCI EAFE ETF 5 , FXY , CURRENCYSHARES JAPANESE YEN TR ETF 5 , ZSL , PS ULTRASHRT SILVER 4 , SBB , PROSHARES TR SHORT SMALLCAP600 ETF 4 , MYY , SHORT MIDCAP400 PROSHARES ETF 4 , SDP , ULTRASHORT UTILITIES PROSHARES ETF 4 , RWM , PROSHARES TR SHRT RUSSELL2000 ETF 4 , SSG , PRSH US SEMI COND 4 , PSAU , PS GBL GOLD AND PRECS 4 , TAN , CLAYMORE MAC GLOBAL SOLAR ENERGY ETF 4 , TLL , PRSH ULTRASHT TL 4 , ASA , ASA ETF 4 , SEF , PROSHRS FINANCIAL 4 , QID , ULTRASHORT QQQ PROSHARES ETF 4 , AGQ , ProShares Ultra Silver ETF 3 , GDX , MARKET VECTORS GOLD MINERS ETF 3 , EEV , ULTRASHORT MSCI EMERGING MARKETS ETF 3 , SMN , ULTRASHORT BASIC MATERIALS ETF 3 , SFK , PROSHS ULTRASHORT RUSS1000 GROW ETF 3 , DXD , ULTRASHORT DOW30 PROSHARES ETF 3 , EWV , ULTRASHORT MSCI JAPAN ETF 3 , SDS , ULTRASHORT S&P500 PROSHARES ETF 3 , RSW , RYDEX INVERSE 2X S&P 500 ETF 3 , SZK , ULTRASHORT CONSUMER GOODS ETF 3 , JO , iPath Dow Jones-AIG Coffee Total Return Sub-I 3 , DUG , ULTRASHORT OIL & GAS PROSHARES ETF 2 , SRS , PSHR US RL EST 2 , SDK , PROSHS ULTSHOT RUSS MIDCAP GROW ETF 2 , YCL , PS ULTRA YEN 2 , FXP , ULTRASHORT FTSE XINHUA CHINA 25 ETF 2 , GAZ , Dow Jones-AIG Natural Gas Total Return ETN 2 , EFU , PROSHARES ULTRASHORT MSCI EAFE ETF 2 , RXD , ULTRASHORT HEALTH CARE PROSHARES ETF 2 , SCC , ULTRASHORT CONSUMER SERVICES ETF 2 , SKK , PROSHS ULTRASHORT RUSS2000 GROWTH ET 2 , MZZ , ULTRASHORT MIDCAP400 PROSHARES ETF 2 , SDD , PROSHARES TR ULTRASHRT SMLCP600 ETF 2 , SIJ , ULTRASHORT INDUSTRIALS PROSHARES ETF 1 , TWM , PROSHARES TR ULTRASHRT RUSEL2000 ETF 1 , SJH , PROSHS ULTRASHORT RUSS2000 VAL ETF 1 , EDZ , DXN DLYEMK BR3X 1 , SKF , ULTRASHORT FINANCIALS PROSHARES ETF 1 , ERY , DXN DL EGBR 3X 1 , DPK , DXN DL DM BR 3X 1 , VXZ , BCL IPTSP500 MT 1 , TZA , DXN DL SC BR3X 1 , GRN , IPATH GLBL CARBN 1 , FAZ , DXN DL FN BR 3X 1 , VXX , BCL IPTSP500 ST

Simulated weekly performance of top 10 ETFs: As shown below, my Top10 ETFs, ranked each week by their relative strength, gained substantially more than the S&P 500 since August, 2004, in weekly simulated trading. The numbers in the table are also graphed; see below the table. Both start at 100 on 8/20/04. Changes to my Top10 ETFs list are made at the end of each week. This computer simulation excludes fees, transactions costs, dividends, and taxes. According to CFTC Rule 4.41, hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. This is a research study, and it is not investment advice.

Date , S&P 500 , Top 10 , Top 10 Advantage 8/20/04 , 100.00 , 100.00 , 0.00 8/27/04 , 100.86 , 101.91 , 1.05 9/3/04 , 101.39 , 101.90 , 0.50 9/10/04 , 102.33 , 103.88 , 1.56 9/17/04 , 102.75 , 104.31 , 1.56 9/24/04 , 101.07 , 106.78 , 5.71 10/1/04 , 103.02 , 106.69 , 3.68 10/8/04 , 102.17 , 110.18 , 8.01 10/15/04 , 100.90 , 111.75 , 10.85 10/22/04 , 99.76 , 109.37 , 9.60 10/29/04 , 102.90 , 110.15 , 7.25 11/5/04 , 106.17 , 111.23 , 5.06 11/12/04 , 107.81 , 114.52 , 6.70 11/19/04 , 106.55 , 117.46 , 10.91 11/26/04 , 107.68 , 116.81 , 9.14 12/3/04 , 108.45 , 120.65 , 12.20 12/10/04 , 108.16 , 122.30 , 14.14 12/17/04 , 108.73 , 118.70 , 9.98 12/24/04 , 110.18 , 120.94 , 10.76 12/31/04 , 110.34 , 122.56 , 12.22 1/7/05 , 108.00 , 124.27 , 16.28 1/14/05 , 107.85 , 117.64 , 9.80 1/22/05 , 106.33 , 118.28 , 11.95 1/28/05 , 106.65 , 115.88 , 9.23 2/4/05 , 109.53 , 118.24 , 8.71 2/11/05 , 109.74 , 122.17 , 12.44 2/18/05 , 109.40 , 124.41 , 15.01 2/26/05 , 110.29 , 127.46 , 17.17 3/4/05 , 111.27 , 132.68 , 21.41 3/11/05 , 109.26 , 134.14 , 24.88 3/18/05 , 108.31 , 129.62 , 21.31 3/25/05 , 106.65 , 127.85 , 21.20 4/1/05 , 106.79 , 122.68 , 15.89 4/8/05 , 107.54 , 125.70 , 18.16 4/15/05 , 104.03 , 125.41 , 21.38 4/22/05 , 104.90 , 118.40 , 13.50 4/29/05 , 105.33 , 121.41 , 16.09 5/6/05 , 106.65 , 119.85 , 13.20 5/13/05 , 105.07 , 121.51 , 16.44 5/20/05 , 108.28 , 116.64 , 8.36 5/27/05 , 109.14 , 120.80 , 11.66 6/4/05 , 108.89 , 121.63 , 12.74 6/10/05 , 109.08 , 122.76 , 13.68 6/17/05 , 110.80 , 123.09 , 12.29 6/24/05 , 108.49 , 128.50 , 20.01 7/1/05 , 108.75 , 125.38 , 16.63 7/9/05 , 110.33 , 127.64 , 17.31 7/15/05 , 111.80 , 129.40 , 17.60 7/22/05 , 112.32 , 129.44 , 17.11 7/29/05 , 112.37 , 133.01 , 20.64 8/5/05 , 111.66 , 134.40 , 22.74 8/12/05 , 112.02 , 135.66 , 23.64 8/19/05 , 111.05 , 138.84 , 27.79 8/26/05 , 109.72 , 134.34 , 24.62 9/2/05 , 110.90 , 134.72 , 23.82 9/10/05 , 113.03 , 142.25 , 29.22 9/16/05 , 112.71 , 145.58 , 32.88 9/23/05 , 110.65 , 145.65 , 35.01 9/30/05 , 111.88 , 146.84 , 34.96 10/7/05 , 108.88 , 150.57 , 41.69 10/14/05 , 108.03 , 141.26 , 33.22 10/21/05 , 107.40 , 137.12 , 29.72 10/28/05 , 109.11 , 134.34 , 25.23 11/4/05 , 111.09 , 136.69 , 25.61 11/11/05 , 112.42 , 142.53 , 30.11 11/18/05 , 113.65 , 143.84 , 30.19 11/25/05 , 115.47 , 145.81 , 30.34 12/2/05 , 115.18 , 149.02 , 33.84 12/9/05 , 114.66 , 150.54 , 35.88 12/16/05 , 115.38 , 151.02 , 35.64 12/23/05 , 115.51 , 149.72 , 34.21 12/31/05 , 113.65 , 152.29 , 38.63 1/7/06 , 117.03 , 151.09 , 34.06 1/13/06 , 117.23 , 161.86 , 44.63 1/21/06 , 114.85 , 162.81 , 47.96 1/27/06 , 116.88 , 161.57 , 44.69 2/3/06 , 115.08 , 166.78 , 51.69 2/10/06 , 115.35 , 162.81 , 47.45 2/17/06 , 117.20 , 160.41 , 43.21 2/25/06 , 117.40 , 162.62 , 45.22 3/3/06 , 117.20 , 163.95 , 46.75 3/10/06 , 116.67 , 163.37 , 46.70 3/17/06 , 119.02 , 154.31 , 35.30 3/24/06 , 118.63 , 161.00 , 42.37 3/31/06 , 117.89 , 160.19 , 42.29 4/7/06 , 117.95 , 161.40 , 43.45 4/14/06 , 117.37 , 164.56 , 47.19 4/21/06 , 119.39 , 164.21 , 44.82 4/28/06 , 119.33 , 173.62 , 54.29 5/5/06 , 120.70 , 172.42 , 51.72 5/12/06 , 117.56 , 180.23 , 62.67 5/19/06 , 115.36 , 174.52 , 59.16 5/26/06 , 116.55 , 162.11 , 45.56 6/2/06 , 117.29 , 159.42 , 42.13 6/9/06 , 114.02 , 159.68 , 45.66 6/16/06 , 113.95 , 148.42 , 34.47 6/23/06 , 113.31 , 145.56 , 32.25 6/30/06 , 115.65 , 146.29 , 30.65 7/7/06 , 115.22 , 153.11 , 37.90 7/14/06 , 112.55 , 152.15 , 39.59 7/21/06 , 112.92 , 150.84 , 37.92 7/28/06 , 116.41 , 154.93 , 38.53 8/4/06 , 116.48 , 157.29 , 40.81 8/11/06 , 115.33 , 154.55 , 39.22 8/18/06 , 118.57 , 154.44 , 35.87 8/25/06 , 117.91 , 152.05 , 34.14 9/1/06 , 119.36 , 154.35 , 34.99 9/9/06 , 118.26 , 150.73 , 32.47 9/15/06 , 120.15 , 153.02 , 32.87 9/22/06 , 119.71 , 153.19 , 33.48 9/29/06 , 121.62 , 154.84 , 33.21 10/6/06 , 122.87 , 156.44 , 33.57 10/13/06 , 124.33 , 159.77 , 35.44 10/20/06 , 124.61 , 159.84 , 35.24 10/27/06 , 125.40 , 161.04 , 35.63 11/3/06 , 124.21 , 159.49 , 35.28 11/10/06 , 125.72 , 163.29 , 37.56 11/17/06 , 127.57 , 165.07 , 37.50 11/24/06 , 127.55 , 167.50 , 39.95 12/1/06 , 127.16 , 166.09 , 38.93 12/8/06 , 128.36 , 168.66 , 40.30 12/15/06 , 129.93 , 170.28 , 40.35 12/22/06 , 128.44 , 165.79 , 37.34 12/29/06 , 129.13 , 171.22 , 42.09 1/5/07 , 128.35 , 166.88 , 38.53 1/12/07 , 130.26 , 168.24 , 37.98 1/19/07 , 130.24 , 168.95 , 38.71 1/26/07 , 129.48 , 169.36 , 39.88 2/2/07 , 131.87 , 172.69 , 40.82 2/9/07 , 130.93 , 174.36 , 43.43 2/16/07 , 132.52 , 176.28 , 43.76 2/23/07 , 132.12 , 175.58 , 43.45 3/2/07 , 126.30 , 159.04 , 32.75 3/9/07 , 127.67 , 162.61 , 34.94 3/16/07 , 126.28 , 160.79 , 34.51 3/23/07 , 130.75 , 169.15 , 38.40 3/30/07 , 129.36 , 169.59 , 40.22 4/6/07 , 131.45 , 176.16 , 44.71 4/13/07 , 132.28 , 179.67 , 47.39 4/20/07 , 135.14 , 182.01 , 46.87 4/27/07 , 136.03 , 181.21 , 45.18 5/4/07 , 137.08 , 184.23 , 47.15 5/11/07 , 137.10 , 184.71 , 47.60 5/18/07 , 138.64 , 187.36 , 48.72 5/25/07 , 138.00 , 186.33 , 48.33 6/1/07 , 139.88 , 192.19 , 52.31 6/8/07 , 137.27 , 185.55 , 48.29 6/15/07 , 139.56 , 192.92 , 53.36 6/22/07 , 136.80 , 192.29 , 55.49 6/29/07 , 136.87 , 190.20 , 53.32 7/6/07 , 139.34 , 199.72 , 60.38 7/13/07 , 141.35 , 205.39 , 64.04 7/20/07 , 139.67 , 203.16 , 63.49 7/27/07 , 132.83 , 189.93 , 57.10 8/3/07 , 130.47 , 184.58 , 54.10 8/10/07 , 132.35 , 182.79 , 50.44 8/17/07 , 131.65 , 172.13 , 40.49 8/24/07 , 134.69 , 182.28 , 47.59 8/31/07 , 134.20 , 185.84 , 51.64 9/7/07 , 132.34 , 182.92 , 50.58 9/14/07 , 135.13 , 189.73 , 54.60 9/21/07 , 138.91 , 201.08 , 62.17 9/28/07 , 139.00 , 207.07 , 68.07 10/5/07 , 141.81 , 217.06 , 75.25 10/12/07 , 142.20 , 222.48 , 80.28 10/19/07 , 136.63 , 213.36 , 76.73 10/26/07 , 139.78 , 227.40 , 87.61 11/2/07 , 137.45 , 226.57 , 89.13 11/9/07 , 132.35 , 212.38 , 80.03 11/16/07 , 132.81 , 209.55 , 76.74 11/23/07 , 131.17 , 202.27 , 71.10 11/30/07 , 134.85 , 206.12 , 71.27 12/7/07 , 136.99 , 211.39 , 74.40 12/14/07 , 133.65 , 200.62 , 66.97 12/21/07 , 135.15 , 205.20 , 70.04 12/28/07 , 134.61 , 205.02 , 70.41 1/4/08 , 128.52 , 198.75 , 70.23 1/11/08 , 127.56 , 200.50 , 72.94 1/18/08 , 120.65 , 188.83 , 68.18 1/25/08 , 121.15 , 187.64 , 66.49 2/1/08 , 127.05 , 181.90 , 54.86 2/8/08 , 121.21 , 181.09 , 59.88 2/15/08 , 122.91 , 181.77 , 58.86 2/22/08 , 124.11 , 188.08 , 63.97 2/29/08 , 121.15 , 192.12 , 70.97 3/7/08 , 117.76 , 193.50 , 75.74 3/14/08 , 117.28 , 195.18 , 77.90 3/20/08 , 121.05 , 180.69 , 59.65 3/28/08 , 119.75 , 182.06 , 62.32 4/4/08 , 124.77 , 181.64 , 56.87 4/11/08 , 121.35 , 182.30 , 60.95 4/18/08 , 126.58 , 191.34 , 64.75 4/25/08 , 127.27 , 189.58 , 62.31 5/2/08 , 128.73 , 187.80 , 59.07 5/9/08 , 126.40 , 193.58 , 67.18 5/16/08 , 129.77 , 201.96 , 72.19 5/23/08 , 125.27 , 200.26 , 74.98 5/30/08 , 127.50 , 202.73 , 75.23 6/6/08 , 123.88 , 205.04 , 81.15 6/13/08 , 123.82 , 203.44 , 79.61 6/20/08 , 119.99 , 204.08 , 84.09 6/27/08 , 116.39 , 204.55 , 88.16 7/3/08 , 114.98 , 198.71 , 83.73 7/11/08 , 112.85 , 198.77 , 85.92 7/18/08 , 114.78 , 189.17 , 74.39 7/25/08 , 114.51 , 188.02 , 73.51 8/1/08 , 114.75 , 192.91 , 78.16 8/8/08 , 118.02 , 184.91 , 66.89 8/15/08 , 118.20 , 186.17 , 67.98 8/22/08 , 117.65 , 182.27 , 64.63 8/29/08 , 116.80 , 179.79 , 62.99 9/5/08 , 113.11 , 176.60 , 63.49 9/12/08 , 113.96 , 174.92 , 60.96 9/19/08 , 114.27 , 174.93 , 60.66 9/26/08 , 110.46 , 172.47 , 62.01 10/3/08 , 100.08 , 190.50 , 90.42 10/10/08 , 81.87 , 232.70 , 150.83 10/17/08 , 85.63 , 217.04 , 131.41 10/24/08 , 79.83 , 237.28 , 157.46 10/31/08 , 88.20 , 203.12 , 114.92 11/7/08 , 84.76 , 211.90 , 127.14 11/14/08 , 79.51 , 226.64 , 147.13 11/21/08 , 72.84 , 249.02 , 176.18 11/28/08 , 81.60 , 217.64 , 136.05 12/5/08 , 79.76 , 220.06 , 140.30 12/12/08 , 80.10 , 216.07 , 135.97 12/19/08 , 80.84 , 215.21 , 134.37 12/26/08 , 79.46 , 218.49 , 139.02 1/2/09 , 84.84 , 200.77 , 115.93 1/9/09 , 81.06 , 204.82 , 123.76 1/16/09 , 77.40 , 213.16 , 135.76 1/23/09 , 75.75 , 216.12 , 140.38 1/30/09 , 75.19 , 215.69 , 140.49 2/6/09 , 79.08 , 200.81 , 121.73 2/13/09 , 75.28 , 212.89 , 137.61 2/20/09 , 70.11 , 231.70 , 161.59 2/27/09 , 66.93 , 239.07 , 172.14 3/6/09 , 62.22 , 258.45 , 196.23 3/13/09 , 68.88 , 227.97 , 159.09 3/20/09 , 69.97 , 225.01 , 155.04 3/27/09 , 74.29 , 205.49 , 131.20 4/3/09 , 76.71 , 197.61 , 120.91 4/10/09 , 77.99 , 196.66 , 118.68 4/17/09 , 79.17 , 195.55 , 116.37 4/24/09 , 78.87 , 195.64 , 116.78 5/1/09 , 79.89 , 193.41 , 113.51 5/8/09 , 84.60 , 196.64 , 112.04 5/15/09 , 80.38 , 185.68 , 105.30 5/22/09 , 80.76 , 186.97 , 106.21 5/29/09 , 83.68 , 195.85 , 112.17 6/5/09 , 85.59 , 197.89 , 112.30 6/12/09 , 86.15 , 196.71 , 110.56 6/19/09 , 83.87 , 187.50 , 103.63 6/26/09 , 83.66 , 188.93 , 105.27 7/3/09 , 81.62 , 185.32 , 103.70 7/10/09 , 80.04 , 179.40 , 99.36 7/17/09 , 85.62 , 193.37 , 107.75 7/24/09 , 89.16 , 204.04 , 114.89 7/31/09 , 89.91 , 204.36 , 114.46 8/7/09 , 92.00 , 206.18 , 114.18 8/14/09 , 91.42 , 204.49 , 113.07 8/21/09 , 93.42 , 205.40 , 111.98 8/28/09 , 93.68 , 205.62 , 111.94 9/4/09 , 92.54 , 202.80 , 110.26 9/11/09 , 94.94 , 209.05 , 114.11 9/18/09 , 97.26 , 215.33 , 118.06 9/25/09 , 95.09 , 209.01 , 113.92 10/2/09 , 93.34 , 202.00 , 108.66 10/9/09 , 97.55 , 215.16 , 117.60 10/16/09 , 99.03 , 218.66 , 119.63 10/23/09 , 98.29 , 215.23 , 116.93 10/30/09 , 94.34 , 198.32 , 103.98 11/6/09 , 97.36 , 207.43 , 110.07 11/13/09 , 99.56 , 213.90 , 114.34 11/20/09 , 99.37 , 210.53 , 111.17 11/27/09 , 99.38 , 210.24 , 110.86 12/4/09 , 100.69 , 214.97 , 114.28 12/11/09 , 100.73 , 210.86 , 110.13 12/18/09 , 100.38 , 207.62 , 107.24 12/24/09 , 102.56 , 214.83 , 112.27 12/31/09 , 101.53 , 212.11 , 110.58 1/8/10 , 104.25 , 219.35 , 115.10 1/15/10 , 103.43 , 213.49 , 110.06 1/22/10 , 99.40 , 201.27 , 101.87 1/29/10 , 97.77 , 195.18 , 97.41 2/5/10 , 97.07 , 189.12 , 92.05 2/12/10 , 97.92 , 195.11 , 97.19 2/19/10 , 100.99 , 202.11 , 101.13 2/26/10 , 100.56 , 201.77 , 101.21 3/5/10 , 103.67 , 212.78 , 109.11 3/12/10 , 104.70 , 217.95 , 113.25 3/19/10 , 105.60 , 216.72 , 111.12 3/26/10 , 106.21 , 218.54 , 112.33 4/2/10 , 107.26 , 221.41 , 114.15 4/9/10 , 108.74 , 226.29 , 117.54 4/16/10 , 108.54 , 221.56 , 113.02 4/23/10 , 110.83 , 227.97 , 117.14 4/30/10 , 108.04 , 220.60 , 112.55 5/7/10 , 101.14 , 200.18 , 99.04 5/14/10 , 103.40 , 207.57 , 104.17 5/21/10 , 99.03 , 194.24 , 95.21 5/28/10 , 99.19 , 198.39 , 99.20 6/4/10 , 96.95 , 189.53 , 92.58 6/11/10 , 99.39 , 198.22 , 98.83 6/18/10 , 101.74 , 204.88 , 103.14 6/25/10 , 98.03 , 200.18 , 102.14 7/2/10 , 93.10 , 191.66 , 98.56 7/9/10 , 98.14 , 196.67 , 98.53 7/16/10 , 96.95 , 193.62 , 96.67 7/23/10 , 100.39 , 200.03 , 99.63 7/30/10 , 100.30 , 203.07 , 102.78 8/6/10 , 102.12 , 205.67 , 103.55 8/13/10 , 98.26 , 199.30 , 101.04 8/20/10 , 97.57 , 202.81 , 105.24 8/27/10 , 96.93 , 203.20 , 106.28 9/3/10 , 100.56 , 209.21 , 108.65 9/10/10 , 101.02 , 208.86 , 107.84 9/17/10 , 102.48 , 213.36 , 110.88 9/24/10 , 104.58 , 217.65 , 113.07 10/1/10 , 104.36 , 223.19 , 118.83 10/8/10 , 106.08 , 226.22 , 120.13 10/15/10 , 107.09 , 229.40 , 122.31 10/22/10 , 107.71 , 227.62 , 119.90 10/29/10 , 107.73 , 227.75 , 120.02 11/5/10 , 111.61 , 239.24 , 127.63 11/12/10 , 109.18 , 231.09 , 121.91 11/19/10 , 109.23 , 232.80 , 123.57 11/26/10 , 108.29 , 225.87 , 117.58 12/3/10 , 111.50 , 236.59 , 125.08 12/10/10 , 112.93 , 236.79 , 123.86 12/17/10 , 113.25 , 236.39 , 123.14 12/24/10 , 114.42 , 236.51 , 122.09 12/31/10 , 114.50 , 237.96 , 123.45 1/7/11 , 115.76 , 232.37 , 116.61 1/14/11 , 117.74 , 237.13 , 119.39 1/21/11 , 116.84 , 227.91 , 111.07 1/28/11 , 116.21 , 231.01 , 114.80 2/4/11 , 119.35 , 239.79 , 120.44 2/11/11 , 121.01 , 242.73 , 121.72 2/18/11 , 122.28 , 250.91 , 128.64 2/25/11 , 120.17 , 250.04 , 129.87 3/4/11 , 120.28 , 255.93 , 135.65 3/11/11 , 118.75 , 245.10 , 126.35 3/18/11 , 116.47 , 243.54 , 127.08 3/25/11 , 119.62 , 255.41 , 135.79 4/1/11 , 121.31 , 260.22 , 138.91 4/8/11 , 120.92 , 264.69 , 143.77 4/15/11 , 120.15 , 258.72 , 138.57 4/22/11 , 121.76 , 266.10 , 144.34 4/29/11 , 124.15 , 268.62 , 144.47 5/6/11 , 122.02 , 244.58 , 122.56 5/13/11 , 121.80 , 244.21 , 122.41 5/20/11 , 121.39 , 243.32 , 121.93 5/27/11 , 121.19 , 246.94 , 125.75 6/3/11 , 118.37 , 241.12 , 122.74 6/10/11 , 115.72 , 234.09 , 118.37 6/17/11 , 115.76 , 231.74 , 115.98 6/24/11 , 115.49 , 228.23 , 112.74 7/1/11 , 121.97 , 237.37 , 115.40 7/8/11 , 122.35 , 242.19 , 119.85 7/15/11 , 119.83 , 238.98 , 119.15 7/22/11 , 122.46 , 244.55 , 122.09 7/29/11 , 117.66 , 238.55 , 120.90 8/5/11 , 109.20 , 221.59 , 112.39 8/12/11 , 107.33 , 225.90 , 118.57 8/19/11 , 102.29 , 231.88 , 129.58 8/26/11 , 107.14 , 230.49 , 123.34 9/2/11 , 106.88 , 235.57 , 128.68 9/9/11 , 105.09 , 232.44 , 127.35 9/16/11 , 110.71 , 227.47 , 116.75 9/23/11 , 103.47 , 214.72 , 111.26 9/30/11 , 103.01 , 214.24 , 111.23 10/7/11 , 105.20 , 212.76 , 107.56 10/14/11 , 111.49 , 213.59 , 102.10 10/21/11 , 112.74 , 212.78 , 100.04 10/28/11 , 117.00 , 215.86 , 98.86 11/4/11 , 114.10 , 214.48 , 100.38 11/11/11 , 115.07 , 215.14 , 100.07 11/18/11 , 110.68 , 208.51 , 97.83 11/25/11 , 105.49 , 204.82 , 99.33 12/2/11 , 113.29 , 206.35 , 93.06 12/9/11 , 114.28 , 206.03 , 91.75 12/16/11 , 111.04 , 200.66 , 89.62 12/23/11 , 115.20 , 203.66 , 88.46 12/30/11 , 114.50 , 203.90 , 89.40 1/6/12 , 116.34 , 203.53 , 87.19 1/13/12 , 117.37 , 205.03 , 87.67 1/20/12 , 119.76 , 207.08 , 87.32 1/27/12 , 119.85 , 209.86 , 90.01 2/3/12 , 122.45 , 215.95 , 93.50 2/10/12 , 122.24 , 211.46 , 89.22 2/17/12 , 123.93 , 214.62 , 90.68 2/24/12 , 124.34 , 215.28 , 90.94 3/2/12 , 124.70 , 214.02 , 89.32 3/9/12 , 124.81 , 215.31 , 90.50 3/16/12 , 127.84 , 220.00 , 92.15 3/23/12 , 127.20 , 220.27 , 93.07 3/30/12 , 128.24 , 221.83 , 93.59 4/6/12 , 127.29 , 220.83 , 93.54 4/13/12 , 124.76 , 215.70 , 90.95 4/20/12 , 125.51 , 215.05 , 89.54 4/27/12 , 127.77 , 221.58 , 93.81 5/4/12 , 124.65 , 216.41 , 91.76 5/11/12 , 123.22 , 216.43 , 93.21 5/18/12 , 117.92 , 205.05 , 87.13 5/25/12 , 119.98 , 208.96 , 88.98 6/1/12 , 116.36 , 204.06 , 87.70 6/8/12 , 120.70 , 206.20 , 85.50 6/15/12 , 122.26 , 207.12 , 84.86 6/22/12 , 121.55 , 206.01 , 84.47 6/29/12 , 124.02 , 210.46 , 86.44 7/6/12 , 123.34 , 212.87 , 89.53 7/13/12 , 123.53 , 213.98 , 90.45 7/20/12 , 124.06 , 213.44 , 89.38 7/27/12 , 126.19 , 215.44 , 89.25 8/3/12 , 126.64 , 213.50 , 86.86 8/10/12 , 128.00 , 211.61 , 83.61 8/17/12 , 129.12 , 214.47 , 85.35 8/24/12 , 128.48 , 213.81 , 85.33 8/31/12 , 128.06 , 213.72 , 85.66 9/7/12 , 130.92 , 217.70 , 86.78 9/14/12 , 133.45 , 222.03 , 88.57 9/21/12 , 132.94 , 222.40 , 89.46 9/28/12 , 131.17 , 218.05 , 86.89 10/5/12 , 133.01 , 221.92 , 88.91 10/12/12 , 130.07 , 216.30 , 86.23 10/19/12 , 130.49 , 218.22 , 87.74 10/26/12 , 128.55 , 220.17 , 91.62 11/2/12 , 128.76 , 222.53 , 93.77 11/9/12 , 125.63 , 217.56 , 91.94 11/16/12 , 123.81 , 214.43 , 90.62 11/23/12 , 128.30 , 219.12 , 90.82 11/30/12 , 128.94 , 220.55 , 91.61 12/7/12 , 129.11 , 221.82 , 92.71 12/14/12 , 128.70 , 224.71 , 96.01 12/21/12 , 130.21 , 226.35 , 96.14 12/28/12 , 127.69 , 224.88 , 97.19 1/4/13 , 133.52 , 232.32 , 98.81 1/11/13 , 134.02 , 234.19 , 100.17 1/18/13 , 135.29 , 237.08 , 101.79 1/25/13 , 136.84 , 240.77 , 103.94 2/1/13 , 137.77 , 241.70 , 103.93 2/8/13 , 138.20 , 236.86 , 98.66 2/15/13 , 138.37 , 239.33 , 100.96 2/22/13 , 137.99 , 237.70 , 99.71 3/1/13 , 138.23 , 237.07 , 98.84 3/8/13 , 141.23 , 243.97 , 102.74 3/15/13 , 142.09 , 245.89 , 103.79 ----- , ----- , ----- , ----- Date , S&P 500 , Top 10 , Advantage ETFs Top 10 ETFs

Major Trend Relative Strength Rankings: A Highly Effective Strategy for Stock Selection

We rank more than 600 of the most important U.S. stocks according to their Major Trend Relative Strength. We use our own proprietary formula, which is similar to but not the same as the 50-day SMA minus the 200-day SMA spread. Our ranking is a version of the Screening Method for Analysis of Relative Strength. For details on this method, please see Robert W. Colby's book, The Encyclopedia of Technical Market Indicators, Second Edition (2003), pages 604-609.

Our rankings, shown below, are always updated as of the latest daily price close. Because our rankings are based on stocks’ Long-Term Major Trends, they usually do not change much week to week, unless a stock makes an unusually large move.

Research studies show that stocks highly ranked according to Relative Strength generally outperform going forward. Conversely, low ranked stocks generally underperform.

A Relative Strength stock selection strategy ranked near the top out of 50 diverse investment strategies tracked over 21 years by Merrill Lynch Quantitative Strategy. Performance was measured using a universe of 1600 common stocks.

Rank, Interpretation 100 to 90, Buy 89 to 70, Hold 69 to 50, Neutral, Market Perform 49 to 30, Avoid 29 to 0, Sell

Rank Symbol Close Name 100 LPX 21.69 LOUISIANA PAC 100 THC 44.22 TENET HEALTHCARE 100 NFLX 184.85 Netflix, NFLX 99 PHM 20.75 PULTE HOMES 99 KBH 20.29 KB HOME 99 VLO 44.18 VALERO ENERGY 99 FNP 18.80 Fifth & Pacific Cos., FNP 99 MPEL 20.55 Melco Crown Entertainment, MPEL 99 OMX 11.77 OFFICEMAX INC., OMX 99 GILD 45.17 Gilead Sciences Inc 98 BC 34.35 BRUNSWICK 98 HRB 27.51 H&R BLOCK 98 WHR 115.20 WHIRLPOOL 98 ODP 4.01 OFFICE DEPOT 98 DLX 40.19 DELUXE 98 CSC 48.58 COMPUTER SCIENCE 97 LEN 41.77 Lennar Corp. (LEN) 97 DISCA 77.32 Discovery Communications 97 KSU 107.98 Kansas City Southern, KSU 97 MAS 19.96 MASCO 97 ININ 43.89 Interactive Intelligence ININ 97 HMA 12.26 HEALTH MGMT STK A 97 S 5.81 SPRINT NEXTEL 96 LAMR 47.97 Lamar Advertising Company 96 WOR 29.01 WORTHINGTON INDS 96 CBS 46.76 CBS CORP. 96 SIRI 3.11 Sirius Satellite 96 CTB 26.94 COOPER TIRE 96 EMN 72.60 EASTMAN CHEM 96 DHI 24.34 D.R. HORTON, DHI 95 NWSA 30.36 News Corporation, NWSA 95 TWX 56.65 TIME WARNER INC 95 SHW 168.68 SHERWIN WILLIAMS 95 GCI 21.76 GANNETT 95 LOW 38.81 LOWES 95 LBTYA 69.12 Liberty Global Inc. (LBTYA) 94 IP 45.66 INTL PAPER 94 PKB 20.11 Building & Construction, PKB 94 HD 69.05 HOME DEPOT 94 PPG 141.30 PPG INDUSTRIES 94 XHB 29.70 Homebuilders SPDR, XHB 94 SYMC 24.55 SYMANTEC 94 MVV 92.46 Ultra MidCap400 Double, MVV 93 YHOO 22.07 YAHOO 93 ALL 47.98 ALLSTATE 93 WY 30.55 WEYERHAEUSER 93 GNW 10.49 GENWORTH FINANCIAL 93 EBAY 50.41 EBAY 93 STT 60.03 STATE STREET 93 TMO 77.15 THERMO ELECTRON 92 BAC 12.57 BANK OF AMERICA 92 TUP 78.48 TUPPERWARE 92 NWL 25.51 NEWELL RUBBER 92 WYN 62.97 Wyndham Worldwide 92 CMCSA 40.71 COMCAST HOLDINGS STK A 92 BLK 256.74 BlackRock Inc. 91 ITT 28.43 ITT INDS 91 C 47.26 CITIGROUP 91 ETN 62.57 EATON 91 LEG 32.22 LEGGETT & PLATT 91 XL 30.40 XL CAPITAL STK A 91 BIIB 176.78 BIOGEN IDEC 91 GS 154.84 GOLDMAN SACHS 90 KMX 41.66 CarMax 90 DDS 80.23 DILLARD STK A 90 LNC 33.44 LINCOLN NATL 90 NCR 27.27 NCR 90 PKI 35.25 PERKINELMER 90 CI 62.63 CIGNA 90 CAG 34.97 CONAGRA FOODS 89 MS 23.59 MORGAN STANLEY 89 THD 93.76 Thailand MSCI iS, THD 89 URBN 40.65 Urban Outfitters Inc. 89 AMP 74.33 Ameriprise Financial Inc. 89 VMC 54.56 VULCAN MATERIALS 89 AVY 43.27 AVERY DENNISON 89 EFX 56.43 EQUIFAX 88 PTEN 25.38 Patterson-UTI Energy Inc 88 MCO 51.61 MOODYS CORP 88 MSI 62.07 Motorola Solutions, MSI 88 SSO 72.43 Ultra S&P500 Double, SSO 88 LLY 55.13 ELI LILLY 88 HNZ 72.50 HJ HEINZ 87 SNV 2.84 SYNOVUS 87 PXE 31.81 Energy Exploration & Prod, PXE 87 CPWR 12.05 COMPUWARE 87 CINF 46.98 CINCINNATI FIN 87 IR 55.39 INGER RAND 87 MON 104.24 MONSANTO 87 LUV 12.38 SOUTHWEST AIRLS 86 GOOG 814.30 Google 86 RHI 35.75 ROBERT HALF 86 SNA 81.23 SNAP ON 86 HP 66.26 Helmerich & Payne HP 86 CR 56.10 CRANE 86 FPX 34.59 IPOs, First Tr IPOX-100, FPX 86 MWV 37.70 MEADWESTVACO 85 R 61.00 RYDER SYSTEM 85 JPM 50.02 J P MORGAN CHASE 85 DDM 87.16 Ultra Dow30 Double, DDM 85 RYAAY 39.65 Ryanair Holdings plc 85 IFF 76.14 INTL FLAV & FRAG 85 KR 31.62 KROGER 84 HSY 83.90 HERSHEY FOODS 84 VIAB.O 63.14 VIACOM STK B 84 ERIC.O 13.28 LM Ericsson Telephone Company 84 TUR 69.15 Turkey MSCI iS, TUR 84 MU.O 9.37 MICRON TECH 84 CCE 36.16 COCA COLA ENTER 84 RF 8.36 REGIONS FINAN 83 ADBE 41.38 ADOBE SYS 83 RPV 38.96 Value S&P 500, RPV 83 DIS 57.58 WALT DISNEY 83 SCHW.K 17.86 CHARLES SCHWAB, SCHW.O 83 GPS 36.39 GAP 83 BSX 7.39 BOSTON SCIENT 83 MCK 110.48 MCKESSON CORP 82 HON 73.46 HONEYWELL INTL 82 HIG 26.30 HARTFORD FINL 82 SRE 79.02 SEMPRA ENERGY 82 ABC 48.89 AMERISOURCEBERGN 82 DOV 74.08 DOVER 82 TYC 31.62 TYCO INTL 81 SLM.O 19.92 SLM CORP 81 AGN 108.98 ALLERGAN 81 AMGN 91.81 AMGEN 81 ECL 79.64 ECOLAB 81 AMZN 261.82 Amazoncom Inc 81 PJP 38.39 Pharmaceuticals, PJP 81 PFE 28.02 PFIZER 80 ZION 25.56 ZIONS 80 ASH 81.02 ASHLAND 80 HOG 55.41 HARLEY DAVIDSON 80 ROK 88.54 ROCKWELL AUTOMAT 80 UNP 141.69 UNION PACIFIC 80 FISV 85.45 FISERV 80 BEN 149.90 FRANKLIN RSC 79 IYG 67.41 Financial Services DJ, IYG 79 PEJ 26.19 Leisure & Entertainment, PEJ 79 FAST 50.80 Fastenal Company 79 CHD 61.17 Church & Dwight 79 PHO 23.19 Water Resources, PHO 79 EOG 130.42 EOG RESOURCES 79 ZMH 73.97 ZIMMER HLDGS 78 RZV 48.12 Value SmallCap S&P 600, RZV 78 XBI 99.91 Biotech SPDR, XBI 78 RFV 42.62 Value MidCap S&P 400, RFV 78 HES 72.51 AMERADA HESS 78 KCE 40.18 Capital Markets KWB ST, KCE 78 VIA.O 64.25 VIACOM INC. (New) 77 TXT 31.05 TEXTRON 77 MKC 70.75 MCCORMICK 77 PCL 49.77 PLUM CREEK TIMB 77 BK 28.85 BANK OF NEW YORK 77 SNDK 55.11 SanDisk Corporation 77 HSIC 89.88 Henry Schein Inc 77 SEE 24.27 SEALED AIR 76 TROW 75.56 T ROWE PRICE GP 76 PLL 68.59 PALL 76 TMK 59.36 TORCHMARK 76 BAX 69.41 BAXTER INTL 76 CVS 53.58 CVS 76 MTB 104.35 M&T BANK 76 SYK 65.93 STRYKER 75 EWL 29.84 Switzerland Index, EWL 75 AET 50.87 AETNA 75 MRO 35.07 MARATHON OIL 75 SJM 97.40 J. M. Smucker 75 ACE 88.26 ACE 75 DISH 35.15 EchoStar Communications 74 AIG 38.97 AMER INTL GROUP 74 CVG 17.18 CONVERGYS 74 IPG 13.31 INTERPUBLIC GRP 74 XLF 18.45 Financial SPDR, XLF 74 FDX 109.07 FEDEX 74 MDP 36.11 MEREDITH 74 CB 85.52 CHUBB 73 PLD 38.79 PROLOGIS TRUST 73 SWY 24.91 SAFEWAY 73 AN 44.14 AUTONATION 73 XLY 52.59 Consumer Discretionary SPDR, XLY 73 BMS 39.02 BEMIS 73 IYF 68.48 Financial DJ US, IYF 73 AON 59.90 AON 72 IYC 96.13 Consumer Cyclical DJ, IYC 72 VCR 84.10 Consumer D. VIPERs, VCR 72 SNI 64.30 Scripps Networks Interactive 72 DHR 62.65 DANAHER 72 KEY 10.11 KEYCORP 72 PFG 34.09 PRINCIPAL FINL 71 OMC 60.05 OMNICOM 71 GWW 225.06 WW GRAINGER 71 ADI.O 45.53 ANALOG DEVICES 71 IWS 57.05 Value MidCap Russell, IWS 71 IJJ 100.29 Value MidCap S&P 400 B, IJJ 71 EWD 33.31 Sweden Index, EWD 71 IYH 93.95 Healthcare DJ, IYH 70 EWW 71.19 Mexico Index, EWW 70 SBUX 57.66 STARBUCKS 70 VFH 38.52 Financials VIPERs, VFH 70 EWK 14.61 Belgium Index, EWK 70 CMS 27.44 CMS ENERGY 70 JKL 103.50 Value SmallCap iS M, JKL 70 GPC 75.86 GENUINE PARTS 69 JKI 94.30 Value MidCap iS M, JKI 69 KMB 93.26 KIMBERLY CLARK 69 IXG 49.58 Financials Global LargeCap Value, IXG 69 WAG 42.58 WALGREEN 69 XLV 44.73 Health Care SPDR, XLV 69 IYT 111.86 Transportation Av DJ, IYT 69 JKG 111.01 MidCap Blend Core iS M, JKG 68 HAL 41.90 HALLIBURTON 68 VHT 80.75 Health Care VIPERs, VHT 68 PWC 54.99 LargeCap Blend Dynamic PS, PWC 68 WMB 35.43 WILLIAMS 68 IJS 90.56 Value SmallCap S&P 600 B, IJS 68 LLTC 37.72 LINEAR TECH 67 IXJ 71.90 Healthcare Global, IXJ 67 CPB 41.61 CAMPBELL SOUP 67 CTAS 44.72 CINTAS 67 FITB 16.61 FIFTH THIRD BANC 67 ORCL 36.34 ORACLE 67 TJX 44.92 TJX 67 PZI 13.48 Micro Cap Zachs, PZI 66 MDY 207.64 MidCap S&P 400 SPDRs, MDY 66 IYJ 82.14 Industrial LargeCap Blend DJ US, IYJ 66 FHN 11.18 First Horizon National 66 IJH 114.22 MidCap S&P 400 iS, IJH 66 F 13.45 FORD MOTOR 66 PH 96.72 PARKER HANNIFIN 66 ABT 34.14 ABBOTT LABS 65 UNM 27.73 UNUMPROVIDENT 65 CMI 117.36 CUMMINS 65 VBK 99.90 Growth SmallCap VIPERs, VBK 65 CTSH 78.36 Cognizant Technology Solutions 65 MMM 106.40 3M 65 GE 23.44 GENERAL ELECTRIC 64 IJR 87.46 SmallCap S&P 600, IJR 64 STI 29.06 SUNTRUST BANKS 64 VXF 67.93 Extended Mkt VIPERs, VXF 64 VIS 80.14 Industrials VIPERs, VIS 64 VB 90.90 Small Cap VIPERs, VB 64 NI 28.28 NISOURCE 64 VBR 82.01 Value SmallCap VIPERS, VBR 63 NTRS 54.55 NORTHERN TRUST 63 RSP 59.40 LargeCap Blend S&P=Weight R, RSP 63 PRF 69.81 Value LargeCap Fundamental RAFI 1000, PRF 63 CLX 83.72 CLOROX 63 IWR 126.85 MidCap Russell, IWR 63 PGR 25.13 PROGRESSIVE OHIO 63 SNPS 35.26 Synopsys Inc 62 IWN 84.46 Value SmallCap Russell 2000, IWN 62 AXP 66.09 AMERICAN EXPRESS 62 IWW 106.68 Value LargeCap Russell 3000, IWW 62 DTE 66.36 DTE ENERGY 62 IWD 81.47 Value 1000 Russell, IWD 62 PWV 24.34 Value LargeCap Dynamic PS, PWV 61 K 62.20 KELLOGG 61 JKJ 108.23 SmallCap Core iS M, JKJ 61 MDT 45.42 MEDTRONIC 61 IWM 94.75 SmallCap Russell 2000, IWM 61 UTX 93.28 UNITED TECH 61 IJT 93.90 Growth BARRA Small Cap 600, IJT 61 NUE 46.60 NUCOR 60 IJK 126.83 Growth MidCap 400 B, IJK 60 PXJ 24.02 Oil & Gas, PXJ 60 IVE 74.05 Value S&P 500 B, IVE 60 JKD 91.47 LargeCap Blend Core iS M, JKD 60 NYT 9.96 NY TIMES STK A 60 IWO 107.72 Growth SmallCap R 2000, IWO 60 FDV 28.05 Value 40 Large Low P/E FT DB, FDV 59 QLD 60.73 Ultra QQQ Double, QLD 59 IWC 58.69 Microcap Russell, IWC 59 RL 171.30 Polo Ralph Lauren 59 CSCO 21.93 CISCO SYSTEMS 59 VO 92.13 MidCap VIPERs, VO 59 STLD 15.47 Steel Dynamics, STLD 59 BF.B 68.85 BROWN FORMAN STK B 58 AIV 30.74 APT INV MNGMT 58 HOLX 22.32 Hologic, Inc., HOLX 58 RPG 55.03 Growth S&P 500, RPG 58 GIS 46.24 GENERAL MILLS 58 PG 76.34 PROCTER & GAMBLE 58 JNJ 79.19 JOHNSON&JOHNSON 57 XLI 41.97 Industrial SPDR, XLI 57 HOT 63.32 STARWOOD HOTELS 57 KLAC 52.65 KLA TENCOR 57 JKK 105.24 Growth SmallCap iS M, JKK 57 TXN.O 35.08 TEXAS INSTRUMENT 57 RFG 99.93 Growth MidCap S&P 400, RFG 57 EMR 57.59 EMERSON ELECTRIC 56 HBAN 7.51 HUNTINGTON 56 EWH 19.58 Hong Kong Index, EWH 56 PCAR 50.96 PACCAR 56 INTU 65.43 INTUIT 56 EWA 27.69 Australia Index, EWA 56 EWG 25.55 Germany Index, EWG 56 BMY 38.96 BRISTOL MYERS 55 FLR 64.48 FLUOR 55 BDX 92.30 BECTON DICKINSON 55 COST 101.75 COSTCO WHOLESAL 55 CMA 36.77 COMERICA 55 EL 63.34 Estee Lauder 55 VTV 65.70 Value VIPERs, VTV 54 IYK 83.41 Consumer Non-Cyclical, IYK 54 AEP 47.90 AM ELEC POWER 54 PPA 22.95 Aerospace & Defense, PPA 54 CL 112.08 COLGATE 54 NEE 74.47 NextEra Energy Resources LLC 54 VFC 165.26 VF 54 FII 24.39 FED INVESTORS STK B 53 SDY 65.02 Dividend SPDR, SDY 53 EPP 50.21 Pacific ex-Japan, EPP 53 PBE 25.98 Biotech & Genome, PBE 53 IWP 69.36 Growth MidCap Russell, IWP 53 PWB 20.57 Lg Cap Growth PSD, PWB 53 PMTC.O 26.01 PARAMETRIC 53 TER 16.83 TERADYNE 52 WAT 94.82 WATERS 52 IWV 93.26 LargeCap Blend Russell 3000, IWV 52 AMAT 13.31 APPLIED MATERIAL 52 VTI 80.87 Blend Total Market VIPERs, VTI 52 JKH 118.03 MidCap Growth iS M, JKH 52 SPHQ.K 17.21 S&P 500 High Quality PS, SPHQ 51 MMC 37.09 MARSH & MCLENNAN 51 APC 85.35 ANADARKO PETRO 51 IWB 87.16 LargeCap 1000 R, IWB 51 IYY 78.96 LargeCap Blend Total Market DJ, IYY 51 WFC 38.20 WELLS FARGO 51 TMW 117.10 Wilshire 5000 ST TM, TMW 51 SPG 159.60 SIMON PROP GRP 50 SWK 81.17 Stanley Black & Decker 50 EIX 50.94 EDISON INTL 50 VV 71.69 LargeCap VIPERs, VV 50 ADSK 40.14 AUTODESK 50 XLNX 38.45 XILINX 50 BLL 46.01 BALL 50 IVV 157.37 S&P 500 iS LargeCap Blend, IVV 49 VRSN 45.65 VeriSign Inc 49 DE 92.24 DEERE & CO 49 PNW 56.98 PINNACLE WEST 49 ITW 62.23 ILLINOIS TOOL 49 SPY 155.83 S&P 500 SPDRs LargeCap Blend, SPY 49 NKE 54.78 NIKE STK B 49 VIG 65.38 Dividend Appreciation Vipers, VIG 48 SCZ 43.83 Small Cap EAFE MSCI iS, SCZ 48 EWN 21.07 Netherlands Index, EWN 48 XRAY 42.33 DENTSPLY International Inc 48 PSJ 30.08 Software, PSJ 48 EWO 18.28 Austria Index, EWO 48 VZ 48.02 VERIZON COMMS 47 XLP 38.49 Consumer Staples SPDR, XLP 47 NYC 83.45 LargeCap Blend NYSE Composite iS, NYC 47 IGV 70.05 Software, IGV 47 UIS 24.04 UNISYS 47 VUG 77.18 Growth VIPERs, VUG 47 JNS 9.71 JANUS CAPITAL 47 PFM 17.72 Dividend Achievers PS, PFM 46 PBJ 22.66 Food & Beverage, PBJ 46 UPS 85.47 UNITED PARCEL STK B 46 MTG 4.91 MGIC INVESTMENT 46 VDC 97.52 Consumer Staples VIPERs, VDC 46 JKF 71.04 Value LargeCap iS M, JKF 46 SIAL 78.95 SIGMA ALDRICH 46 OEF 70.53 LargeCap Blend S&P 100, OEF 45 QCOM 64.98 QUALCOMM 45 PMR 27.37 Retail, PMR 45 SRCL 102.04 Stericycle, SRCL 45 MAR 40.35 MARRIOTT INTL STK A 45 EWQ 24.23 France Index, EWQ 45 KLD 66.21 LargeCap Blend Socially Responsible iS, KLD 44 USB 34.22 US BANCORP 44 MTK 73.61 Technology MS sT, MTK 44 CAH 46.58 CARDINAL HEALTH 44 COL 63.41 ROCKWELL COLLINS 44 XLE 79.60 Energy SPDR, XLE 44 EFG 64.00 Growth EAFE MSCI, EFG 44 PDCO 37.21 Patterson Dental Company 43 IWZ 58.03 Growth LargeCap Russell 3000, IWZ 43 VNQ 70.44 REIT VIPERs, VNQ 43 IEV 40.77 Europe 350 S&P Index, IEV 43 DIA 144.82 DIAMONDS (DJIA), DIA 43 EZU 34.24 EMU Europe Index, EZU 43 EFA 59.87 EAFE Index, EFA 43 IYR 69.26 Real Estate US DJ, IYR 42 DVY 62.87 Dividend DJ Select, DVY 42 IWF 70.92 Growth 1000 Russell, IWF 42 ADRA 27.43 Asia 50 BLDRS, ADRA 42 MOLX 28.68 MOLEX 42 IVW 81.99 Growth S&P 500/BARRA, IVW 42 VAW 89.87 Materials VIPERs, VAW 41 CVX 119.68 CHEVRONTEXACO 41 LLL 81.13 L-3 COMMS HLDGS 41 PM 91.37 Philip Morris, PM 41 XLG 111.00 LargeCap Rydex Rus Top 50, XLG 41 TGT 66.80 TARGET 41 WPO 444.70 Washington Post 41 RWR 76.97 REIT Wilshire, RWR 40 IYE 45.45 Energy DJ, IYE 40 EFV 50.69 Value EAFE MSCI, EFV 40 VGK 50.73 European VIPERs, VGK 40 ONEQ 127.50 Growth LargeCap NASDAQ Fidelity, ONEQ 40 PEP 77.04 PEPSICO 40 CS 28.40 Credit Suisse Group, CS 40 SYY 33.86 SYSCO 39 BA 86.43 BOEING 39 IOO 68.36 Global 100, IOO 39 AFL 51.08 AFLAC 39 ADRD 22.10 Developed 100 BLDRS, ADRD 39 FDL 20.36 Dividend Leaders, FDL 39 JKE 81.41 Growth LargeCap iS M, JKE 39 DGT 59.58 Global Titans, DGT 38 PEY 10.42 Dividend High Yield Equity PS, PEY 38 PID 16.79 Dividend International, PID 38 IGT 17.02 INTL GAME TECH 38 PETM 62.59 PETsMART Inc 38 IGM 72.73 Technology GS, IGM 38 EA.O 18.88 ELECTRONIC ARTS 37 VPL 57.81 Pacific VIPERs, VPL 37 FEZ 34.84 Euro STOXX 50, FEZ 37 A 43.01 AGILENT TECH 37 DB 44.63 Deutsche Bank AG, DB 37 SOXX 59.03 Semiconductor iS IGW, SOXX 37 WMT 72.50 WAL MART STORES 37 FRX 38.04 FOREST LABS STK A 36 MO 33.68 ALTRIA, MO 36 XLB 39.85 Materials SPDR, XLB 36 DUK 69.95 DUKE ENERGY 36 ITF 46.21 Japan LargeCap Blend TOPIX 150, ITF 36 ACWX 43.39 Global ex US ACWI iS, ACWX 36 ICF 82.28 Realty Cohen & Steers, ICF 36 ADRU 21.61 Europe 100 BLDRS, ADRU 35 FEU 34.59 Value LargeCap Euro STOXX 50 DJ, FEU 35 L 44.60 LOEWS 35 VDE 113.69 Energy VIPERs, VDE 35 AZO 391.89 AUTOZONE 35 LRCX 41.66 LAM RESEARCH CORP 35 D 56.79 DOMINION RSCS 34 WM 37.52 WASTE MANAGEMENT 34 CNP 23.41 CENTERPNT ENERGY 34 QQQ.O 68.51 QQQ Nasdaq 100 Trust, QQQ 34 IBM 214.92 IBM 34 IDX 31.51 Indonesia MV, IDX 34 ADM 33.00 ARCHER DANIELS 34 T 36.43 AT&T Corp., T 33 ETFC 10.66 E*TRADE FINANCIAL 33 SLB 79.40 SCHLUMBERGER 33 JCI 34.97 JOHNSON CONTROLS 33 LM 31.95 LEGG MASON 33 MBI 11.97 MBIA 33 EWJ 10.64 Japan Index, EWJ 33 PUI 18.33 Utilities, PUI 32 MET 40.20 METLIFE 32 PWO 53.60 OTC Dynamic PS, PWO 32 FMCN 26.10 Focus Media, FMCN 32 EWS 13.68 Singapore Index, EWS 32 VOX 73.31 Telecom Services VIPERs, VOX 32 IGN 29.99 Networking, IGN 31 ZEUS 24.55 Olympic Steel, ZEUS 31 IXN 69.95 Technology Global, IXN 31 EWU 18.30 United Kingdom Index, EWU 31 MRK 44.09 MERCK & CO 31 TIF 69.42 TIFFANY 31 MCD 99.67 MCDONALDS 31 VPU 83.45 Utilities VIPERs, VPU 30 WFM.O 87.06 Whole Foods Market Inc 30 PNC 66.80 PNC FINL SVC 30 DPS 44.07 Dr Pepper Snapple Group 30 TAP 48.46 ADOLPH COORS STK B, TAP 30 IDU 95.39 Utilities DJ, IDU 30 PPL 30.49 PPL 30 PX 113.54 PRAXAIR 29 EWY 58.79 South Korea Index, EWY 29 FXI 37.44 China 25 iS, FXI 29 NOC 68.80 NORTHROP GRUMMAN 29 MCHP 36.28 Microchip Technology Incorporated 29 RIG 53.56 TRANSOCEAN 29 RTN 57.93 RAYTHEON 29 PRU 60.41 PRUDENTIAL FINL 28 COP 59.07 CONOCOPHILLIPS 28 CIEN.O 16.99 CIENA 28 IYZ 24.28 Telecom DJ US, IYZ 28 XLK 30.20 Technology SPDR, XLK 28 PXQ 27.19 Networking, PXQ 28 PAYX 33.99 PAYCHEX 27 VGT 72.87 Info Tech VIPERs, VGT 27 EPU 43.92 Peru MSCI iS, EPU 27 XEL 29.14 XCEL ENERGY 27 JWN 53.99 NORDSTROM 27 KO 38.83 COCA COLA 27 XOM 89.37 EXXON MOBIL 27 RAI 43.07 Reynolds American 26 NSC 75.62 NORFOLK SOUTHERN 26 EEM 42.77 Emerging Markets, EEM 26 BBT 30.98 BB&T 26 WYNN 119.97 Wynn Resorts L 26 YUM 70.20 YUM BRANDS 26 DOW 33.81 DOW CHEMICAL 26 XLU 38.13 Utilities SPDR, XLU 25 HAR 45.72 Harman International 25 VWO 43.21 Emerging VIPERs, VWO 25 AEE 34.39 AMEREN 25 APD 90.17 AIR PRODS & CHEM 25 IYM 71.96 Basic Materials DJ US, IYM 25 LMT 92.74 LOCKHEED MARTIN 24 CCL 34.95 CARNIVAL STK A 24 UNH 54.73 UNITEDHEALTH GRP 24 CSX 24.02 CSX 24 IGE 40.85 Energy & Nat Res iS GS, IGE 24 COF 55.19 CAPITAL ONE FNCL 24 XSD 49.48 Semiconductor SPDR, XSD 24 ROST 56.28 Ross Stores Inc 23 EWT 13.35 Taiwan Index, EWT 23 ESRX 59.77 EXPRESS SCRIPTS 23 ECH 64.44 Chile MSCI iS, ECH 23 EWP 31.27 Spain Index, EWP 23 XRX 8.71 XEROX 23 PSI 15.50 Semiconductors, PSI 23 NE 37.82 NOBLE 22 MHP 48.90 MCGRAW HILL 22 IXC 40.40 Energy Global, IXC 22 EMB 118.04 Bond EmrgMkt JPM iS, EMB 22 EIS 44.90 Israel MSCI iS, EIS 22 STJ 42.24 ST JUDE MEDICAL 22 IYW 73.88 Technology DJ US, IYW 21 HYG 94.38 Bond High-Yield Corporate, HYG 21 PGF 18.47 Financial Preferred, PGF 21 RDC 35.78 ROWAN COMPANIES 21 RHT 50.44 Red Hat Inc. 21 PFF 40.40 Preferred Stock iS, PFF 21 JNK 41.08 Bond, High-Yield Junk, JNK 21 BCR 101.88 C R BARD 20 PMCS 6.74 PMC SIERRA 20 DELL 14.31 DELL 20 FLEX 6.83 Flextronics International Ltd 20 BMC.O 44.12 BMC SOFTWARE 20 JNY 12.65 JONES APPAREL 20 EWC 28.67 Canada Index, EWC 20 VRTX 52.31 Vertex Pharmaceuticals, VRTX 19 MJN 73.35 Mead Johnson Nutrition 19 LTD 45.21 LIMITED BRANDS 19 RFMD 4.98 RF Micro Devices Inc 19 LQD 119.20 Bond, Corp, LQD 19 GD 69.91 GENERAL DYNAMICS 19 EWM 14.40 Malaysia Index, EWM 19 TIP 120.56 Bond, TIPS, TIP 18 LH 89.19 LAB CRP OF AMER 18 EPI 18.95 India Earnings WTree, EPI 18 EWI 12.58 Italy Index, EWI 18 IXP 59.23 Telecommunications Global, IXP 18 MUB 109.79 Bond Muni ATM-Free S&P iS, MUB 18 EZA 64.29 South Africa Index, EZA 17 CTXS 73.79 CITRIX SYSTEMS 17 IEF 106.30 Bond, 10 Year Treasury, IEF 17 SO 45.52 SOUTHERN 17 PEG 33.28 PUBL SVC ENTER 17 CAT 88.83 CATERPILLAR 17 PIN 18.69 India PS, PIN 17 TLH 131.78 Bond 10-20 Year US Treas, TLH 16 LO 39.39 Lorillard, Inc. LO 16 GVI 111.93 Bond Interm U.S. Gov, GVI 16 AVP 20.10 AVON 16 RSX 28.88 Russia MV, RSX 16 AM 16.27 AMER GREETINGS STK A 16 SHY 84.44 Bond, 1-3 Year Treasury, SHY 16 SHV 110.23 Bond Treasury Short-Term iS, SHV 15 ILF 43.24 Latin Am 40, ILF 15 AGG 110.21 Bond, Aggregate, AGG 15 CHKP 50.10 Check Point Software Technologies Ltd 15 DBC 27.40 Commodity Tracking, DBC 15 WLP 64.98 WELLPOINT HEALTH 15 ED 59.17 CON ED 14 ADRE 38.95 Emerging 50 BLDRS, ADRE 14 ALTR 35.16 ALTERA 14 TLT 115.76 Bond, 20+ Years Treasury, TLT 14 DLTR 44.24 Dollar Tree Stores Inc 14 EXPD 38.44 Expeditors International WA 14 BRCM 34.65 BROADCOM STK A 14 AES 12.50 AES 13 PCG 43.56 PG&E 13 DD 49.90 DU PONT 13 NBR 17.24 NABORS 13 DGX 56.22 QUEST DIAG 13 BWX 58.35 Bond Ex-US Treas, BWX 13 IAU 15.48 Gold COMEX iS, IAU 13 GLD 154.00 Gold Shares S.T., GLD 12 LVLT.K 21.00 LEVEL 3 COMMUNICATIONS 12 FRN 19.25 Frontier Markets Guggenheim , FRN 12 TE 17.44 TECO ENERGY 12 DBO 26.12 Oil Fund PowerShares, DBO 12 EQR 56.09 EQUITY RESIDENT BEN INT 12 TDC 57.73 Teradata Corporation, TDC 11 PXN 6.65 Nanotech Lux, PXN 11 EMC 25.35 EMC 11 NOV 70.53 NATIONAL OILWELL VARC0 11 MSFT 28.04 MICROSOFT 11 BBBY 60.93 BED BATH BEYOND 11 BHI 47.96 BAKER HUGHES 11 FDO 59.42 FAMILY DLR STRS 10 NTAP 34.56 NETWK APPLIANCE 10 EWZ 55.73 Brazil Index, EWZ 10 HUM 69.79 HUMANA 10 CHRW.O 59.34 CH Robinson Worldwide Inc, CHRWD 10 USO 33.60 Oil, Crude, U.S. Oil Fund, USO 10 OXY 83.67 OCCIDENTAL 10 JBL 19.25 JABIL CIRCUIT 9 SLV 27.80 Silver Trust iS, SLV 9 DRI 49.37 DARDEN REST 9 BIG 35.67 BIG LOTS 9 PGJ 18.66 China LargeCap Growth G D H USX PS, PGJ 9 GRMN 34.56 GARMIN LTD 9 KSS 49.32 KOHLS 9 ETR 65.23 ENTERGY 8 CTL 34.37 CENTURYTEL 8 SPLS 13.40 STAPLES 8 GLW 12.92 CORNING 8 DBA 26.20 Agriculture DB PS, DBA 8 FE 42.10 FIRSTENERGY 8 MNST 48.38 Monster Beverage, MNST 7 NVDA 12.64 NVIDIA 7 PST 27.92 200% Short Bond 7-10 Yr T, PST 7 DV 30.49 DeVry, Inc. 7 DVN 58.06 DEVON ENERGY 7 SHLD 51.82 SEARS HOLDINGS 7 CROX 16.06 CROCS Inc., CROX 7 SIL 18.11 Silver Miners Global X, SIL 6 XME 41.20 Metals & Mining SPDR, XME 6 INTC 21.38 INTEL 6 GNTX 20.06 Gentex Corporation 6 AA 8.63 ALCOA 6 AAPL 443.66 APPLE COMPUTER 6 LXK 24.62 LEXMARK INTL STK A 6 FCX 33.80 FREEPRT MCMORAN STK B 5 HSP 32.25 HOSPIRA 5 PSQ 24.12 Short 100% QQQ, PSQ 5 DOG 30.80 Short 100% Dow 30, DOG 5 ISIL 8.84 INTERSIL CORP 5 TBT 68.29 200% Short US T Bond, TBT 5 APA 75.68 APACHE 4 QLGC 12.12 QLOGIC 4 SH 30.82 Short 100% S&P 500, SH 4 COH 50.41 COACH 4 PBW 4.54 WilderHill Clean Energy PS, PBW 4 PBI 15.24 PITNEY BOWES 4 EXC 33.39 EXELON CORP 4 ATI 32.23 ALLEGHENY TECH 3 BBRY 14.99 BlackBerry (BBRY) 3 PWER 4.34 POWER ONE 3 HPQ 22.18 HEWLETT PACKARD 3 X 20.21 US STEEL CORP 3 MYY 22.48 Short 100% MidCap 400, MYY 3 BBY 21.45 BEST BUY 3 BIDU 85.08 Baidu, Inc., BIDU 2 MRVL 10.70 MARVELL TECHNOLOGY 2 NEM 39.68 NEWMONT MINING 2 SVU 4.40 SUPERVALU 2 QID 26.31 Short 200% QQQ PS, QID 2 DXD 38.29 Short 200% Dow 30 PS, DXD 2 SDS 44.49 Short 200% S&P 500 PS, SDS 1 JCP 15.48 JC PENNEY 1 KWT 40.02 Solar Energy MV, KWT 1 MZZ 19.90 Short 200% MidCap 400 PS, MZZ 1 TLAB 2.17 TELLABS 1 CLF 22.09 CLIFFS NATURAL RESOURCES, CLF 1 APOL 16.94 APOLLO GROUP 1 AMD 2.60 ADV MICRO DEV 0 RSH 3.54 RADIOSHACK 0 CECO 2.70 CAREER EDUCATION CORP 0 NIHD 4.62 NII Holdings, Inc.

This weekly report is intended to add value to my Top 10 ETF research study with additional research intended to give you a more complete strategy that you can apply with greater confidence. I know how important it is to you to preserve and grow your capital. The best way do this is to participate fully in market uptrends and to cut risk decisively in significant market downtrends. It is even better if you can anticipate in advance changes in trend, and I'll try my best to help you with that by carefully calculating and weighing Reward versus Risk probabilities in this report each week. Updates between weekly reports also will be emailed to you when changing conditions warrant. Note, however, that written reports cannot substitute for full-time professional investment management. The information in this report is intended for sophisticated traders and investors who understand the risks of trading in the financial markets. The information and data herein are based on sources available to the public. The contents are not investment advice. No representation is made that this information is reliable, accurate, complete or current. No representation is made that any regulatory authority has passed on the merits, adequacy or accuracy of this information. Nothing herein should be interpreted as any kind of offer, solicitation, commitment, promise, warranty, or guarantee whatsoever relating to any of the contents of these pages. INFORMATION PROVIDED IN THIS DOCUMENT IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED. The author of this report, as well as affiliated persons and companies, are not responsible for any investment decision and accept no liability for any loss arising from the use of information contained in this report. The reader assumes the entire risk of any use whatsoever of this information. Robert W. Colby Asset Management, Inc. (Colby) hereby certifies that the views expressed in this research report accurately reflect the personal views of the Company’s Chief Investment Officer, Robert W. Colby, CMT, and/or other trained members of Colby, about any and all of the subject markets or securities, and further certifies that no part of the compensation of Colby was, is, or will be directly or indirectly related to the recommendations or views in this report. Colby is engaged in investment management as well as the conduct and publication of professional-quality, independent technical analysis research and, as a matter of policy, always makes best efforts to be as objective and unbiased as possible. Any and all statements referring to Robert W. Colby Asset Management, Inc., performance are intended to be accurate and complete and to disclose all material facts necessary to avoid any unwarranted inference. Any and all investment performance data shown reflect all accounts in our recommended investment program. (Some clients, at their own choosing, may hold securities that are not included in our recommended investment program, or they may choose to deviate from our program in some other way; therefore, their performance results may deviate from our recommended investment program, for better or worse, and are not included in our performance data.) Our performance data reflects the deduction of advisory fees, brokerage or other commissions and fees, and any other expenses that accounts have actually paid. Our performance data reflects the reinvestment of dividends, interest, and other earnings. Our investment strategies and all fees are explained on our website and in our disclosure documents and also are available on request. The industry standard benchmark for performance comparison is generally the S&P 500 Index, although that and all other price indexes have certain limitations in that they differ from our recommended investment program in volatility, asset mix, diversification/concentration, dividends, interest, trading costs, fees, and other factors. Unlike the S&P 500 Index, which passively reflects the price performance of 500 large- capitalization stocks, our recommended investment program is concentrated in relatively few securities and actively aims first for capital preservation and second for capital appreciation. We work continuously to achieve these goals. We try to anticipate and adapt to change. Regulators point out that there can never be any guarantees in investing; there is always risk and the possibility of loss; changing market conditions are beyond anyone's control; and past performance is not a guide to future performance. Colby’s technical analysis is prepared using widely-available public data that is generally accepted as reasonably reliable, although Colby cannot guarantee accuracy or completeness of data and analysis and no representation is made to that effect. Colby’s technical analysis is based primarily on analysis of the current price and volume performance of a security relative to other securities and in the context of its historical patterns of performance, in accordance with the Body of Knowledge and Code of Ethics endorsed by the Market Technicians Association, the globally-recognized, professional regulatory organization for technical analysts established in 1973. (See: mta.org.) Past Performance is not a guide to future performance. Investments discussed in this report are not suitable for all investors. This report does not take into account the investment objectives, financial situation or specific needs of any particular investor. Every investor should consider whether any suggestion or recommendation is appropriate given his particular circumstances. Technical analysis alone should not be relied upon as the sole basis for making investment decisions. All publicly available information regarding the security in question should be reviewed, including the fundamentals of the security and other information provided in any filings with the Securities and Exchange Commission (SEC). Although persons and companies associated with Colby may from time to time hold positions in securities mentioned in these research reports, Colby's policy proscribes any employee activity that would conflict with client interests. The information provided herein is protected by copyright and intellectual property laws. You may not reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the information to anyone in any form whatsoever, without the express written consent of the publisher. Copyright © 2013 by Robert W. Colby Asset Management, Inc. All rights reserved.

Robert W. Colby Asset Management, Inc. 40 Wall Street, 28th Floor, New York, NY 10005 phone: 646-652-6879 email: [email protected]