DMAC - No Trades Today!!

After a major move the market usually settles down or "consolidates" before making its next move. As such, today was a very weak, hard to trade market. There was lots of chop as could be expected with very few strong trending windows.

If anything, you could have bought QLD at 9:31am and held until the opening gap down was closed and caught a small move ($632 on 400 shares).

ETFs Volume >1M and Gainers/Losers

Sorted by price % chg

Fund Name	Ticker	Volume	Vol 3M Avg	Vol % Chg	Price % Chg
Oil Services HOLDRs	OIH	7,213,400	8,134,030	-11%	2.13%
PowerShares Gldn Dragon China	PGJ	1,197,386	1,498,660	-20%	1.75%
UltraShort Russell2000 ProShares	TWM	4,992,951	4,368,760	14%	1.49%
Energy Select Sector SPDR	XLE	19,748,364	21,306,300	-7%	1.10%
Materials Select Sector SPDR	XLB	11,894,690	9,180,930	30%	1.00%
UltraShort Financials ProShares	SKF	3,153,480	1,315,560	140%	0.96%
iShares Lehman 20+ Year Treas Bond	TLT	1,595,418	1,849,980	-14%	0.86%
iShares Dow Jones US Real Estate	IYR	6,979,179	5,707,420	22%	0.80%
Ultra QQQ ProShares	QLD	4,503,616	3,029,570	49%	0.76%
iShares MSCI Mexico Index	EWW	3,736,130	3,674,960	2%	0.71%
Health Care Select Sector SPDR	XLV	5,502,179	1,979,600	178%	0.61%
Consumer Staples Select Sector SPDR	XLP	2,780,805	3,018,130	-8%	0.52%
Technology Select Sector SPDR	XLK	4,674,688	4,042,450	16%	0.49%
iShares Russell 1000 Growth Index	IWF	3,618,964	3,011,530	20%	0.49%
iShares Dow Jones US Telecom	IYZ	1,732,001	454,292	281%	0.45%
PowerShares QQQ	QQQQ	172,087,257	155,658,000	11%	0.43%
iShares MSCI Japan Index	EWJ	18,211,022	18,314,900	-1%	0.36%
iShares MSCI Hong Kong Index	EWH	8,338,953	7,340,310	14%	0.36%
Ultra S&P500 ProShares	SSO	1,535,271	1,402,440	9%	0.34%
UltraShort S&P500 ProShares	SDS	22,959,079	16,585,200	38%	0.31%
iShares Lehman Aggregate Bond	AGG	1,496,733	528,540	183%	0.29%
DIAMONDS Trust, Series 1	DIA	15,940,389	14,505,000	10%	0.26%
iShares S&P 500 Index	IVV	2,124,769	2,751,970	-23%	0.05%
SPDRs	SPY	199,411,087	194,599,000	2%	0.03%
SPDR S&P Retail	XRT	3,331,185	2,663,120	25%	0.00%
Industrial Select Sector SPDR	XLI	3,274,457	4,852,690	-33%	0.00%
iShares Russell 2000 Growth Index	IWO	2,528,364	4,482,570	-44%	-0.01%
iShares MSCI Brazil Index	EWZ	16,362,126	14,088,200	16%	-0.06%
MidCap SPDRs	MDY	4,373,052	5,550,720	-21%	-0.14%
iShares S&P 100 Index	OEF	2,556,000	1,404,260	82%	-0.14%
United States Natural Gas	UNG	1,577,145	1,689,840	-7%	-0.19%
iShares Russell 1000 Value Index	IWD	2,656,702	1,609,450	65%	-0.21%
United States Oil	USO	4,117,178	3,018,720	36%	-0.22%
iShares MSCI Taiwan Index	EWT	7,287,797	8,251,380	-12%	-0.51%
UltraShort QQQ ProShares	QID	38,754,615	30,063,100	29%	-0.52%
Regional Bank HOLDRs	RKH	1,167,200	815,218	43%	-0.54%
Utilities Select Sector SPDR	XLU	3,671,927	4,997,990	-27%	-0.68%
iShares Russell 2000 Index	IWM	57,418,464	86,885,400	-34%	-0.70%
iShares MSCI EAFE Index	EFA	8,475,914	7,442,180	14%	-0.82%
iShares Russell 2000 Value Index	IWN	2,048,000	2,629,040	-22%	-0.82%
Vanguard Emerging Markets Stock ETF	VWO	1,032,004	713,238	45%	-0.83%
Retail HOLDRs	RTH	4,101,200	5,922,190	-31%	-0.87%
Financial Select Sector SPDR	XLF	87,001,542	71,766,200	21%	-0.88%
iShares MSCI Australia Index	EWA	2,177,747	2,204,290	-1%	-0.92%
iShares MSCI Singapore Index	EWS	4,924,424	3,906,780	26%	-0.98%
Consumer Discretionary SPDR	XLY	3,003,485	3,999,410	-25%	-0.99%
Semiconductor HOLDRs	SMH	7,646,400	9,632,780	-21%	-1.06%
iShares FTSE/Xinhua China 25 Index	FXI	6,531,510	5,652,280	16%	-1.07%
UltraShort Dow30 ProShares	DXD	2,783,071	3,336,200	-17%	-1.22%
iShares MSCI Emerging Markets Index	EEM	20,810,293	16,044,800	30%	-1.23%
iShares MSCI South Korea Index	EWY	1,510,410	2,623,640	-42%	-1.48%
KBW Regional Banking ETF	KRE	1,414,860	1,701,010	-17%	-1.53%
iShares Dow Jones US Broker-Dealers	IAI	1,869,000	1,511,580	24%	-1.59%
streetTRACKS Gold Shares	GLD	9,309,200	8,281,380	12%	-1.62%
Market Vectors Gold Miners ETF	GDX	1,668,718	2,177,090	-23%	-1.76%
KBW Bank ETF	KBE	3,195,600	1,344,220	138%	-1.82%
SPDR S&P Homebuilders	XHB	3,589,133	4,487,070	-20%	-1.98%
iShares MSCI Malaysia Index	EWM	2,226,916	2,461,750	-10%	-2.96%

Market Summary 11-29-07 "Rally Day 3"

Index	Last	Change	% Chg
DJ Industrials	13311.73	22.28	0.17%
Nasdaq Comp	2668.13	5.22	0.20%
S&P 500	1469.72	0.7	0.05%
DJ Wilshire 5K	14823.01	6.19	0.04%
Russell 2000	766.06	-3.98	-0.52%
Nasdaq 100	2102.42	7.03	0.34%

Comments: Markets eked out a small gain (except the Russell) on the 3rd day of its rally move. Tomorrow will be interesting as its the end of the week, end of the month and fiscal year end for investment banks. Also, the market will get to react to Bernanke's speech (he hints of cutting rates). My guess is that the market responds positively and there is another small gain tomorrow. Nasdaq 100 is sitting on a weekto-date comeback of 3.62% at close today. The other market indexes are firmly in the 2%+ range. Russell is the laggard, but positive on the week.

Issues	NYSE	Nasdaq	Amex
Advancing	1,500	1,372	622
Declining	1,786	1,634	591
Unchanged	89	111	83
Total	3,375	3,117	1,296
New 52 WkHigh	53	47	29
New 52 WkLow	94	95	80
Total	1,328,282,470	2,113,484,651	23,638,414
Advancing	603,546,660	1,047,699,830	8,620,874
Declining	684,858,510	1,048,972,188	14,105,740
Unchanged	39,877,300	16,812,633	911,800

Futures	Last	Change
Crude Oil	91.05	0.04
Natural Gas	7.55	0.098
Gold, Feb	805	2.7

From Briefing.com:

Moving the Market		Sector Watch
E*Trade annouces it is getting a $2.55 bln cash infusion from Citadel Sears reports a 99% drop in Q3 profit October New Home Sales up, but only after sharp downward revision to previous month Weekly jobless claims rise		Strong: health care facilities; wireless services; diversified metals & minerals; steel; tobacco; oil & gas equipment; electronic manufacturers; oil & gas refineries; healthcare services; food distribution Weak: real estate management; drug retail; dept. stores; airlines; distillers vintners; apparel & accessories; IT consulting & services; environmental services; motorcycle manufacturers; trucking

In the wake of the massive two-day rally, the major indices showed a striking resilience to profit-taking efforts as they finished slightly higher on Thursday after being down in early-trading. This is an encouraging sign to market bulls considering gains were made in the face of some weak economic data and a few disappointing earnings reports. The S&P 500 Retailing Index (-0.7%) was under pressure today as several retailers failed to live up to earnings expectations. Notably, Sears Holding (SHLD 104.09, -12.25) posted a third quarter profit of $0.01 per share, marking a whopping 99% drop in earnings compared to a year-ago. Shares plummeted 10%. E*Trade (ETFC 4.82, -0.46) gained more than 10% in early trading following news of a $2.5 billion capital infusion from Citadel Investment Group. The stock, however, failed to build on the opening gains and actually ended the day noticeably lower. Presumably, the lack of follow through on early buying efforts prompted momentum accounts, which had bought the stock on speculation about a possible deal, to lock in profits. Of the four sectors that traded lower, the financial sector (-0.7%) was the main laggard. A bit of a pullback, though, was expected considering financials were up roughly 8% in the last two sessions. The telecom sector (+1.1%) managed to post the highest gain. The energy sector (+1.0%) also provided leadership, although it finished well off its session high as crude oil was unable to hold its gains. January crude oil ( +$0.44 to $91.05) traded in a volatile manner following word overnight that an explosion cut Canadian oil shipments through four pipelines in Minnesota that supply crude to the Midwest. After spiking more than $4.00 per barrel, prices pulled back on news that two pipelines were reopened and the remaining pipelines will be reopened within a few days. There were several economic reports released, although the market's response was mostly muted. Initial jobless claims for the week ended Nov. 24 rose to 352,000 from 329,000 the week before. This is just one week of data in what can be a volatile series, but it bears watching to see if an uptrend develops. Third quarter real GDP was revised upward to a very strong 4.9% annual growth rate from a previously reported 3.9%. This was in-line with expectations. On a related note, Dow Jones reports the White House raised its 2007 U.S. GDP forecast to 2.7% versus 2.3% and cut its 2008 U.S. GDP forecast to 2.7% versus 3.1%. New home sales for October rose 1.5%, but only because the September level was revised sharply lower. At an annual rate of 728,000, sales were below expectations of about 750,000. The median price of a new home sold dropped a very steep 13%. The housing industry remains in a deep slump that will continue for a while.

Today's DMAC Results: QQQQ and QLD

There were 5 trades generated today using the Dual Moving Average Crossover (DMAC) system for a total profit potential of $2,208 using a 400 share size position of QLD for each trade. Total commissions would have been $20, so the net profit would have been $2,188.

Trade	Profit
1	$1,048
2	$368
3	$448
4	$344
Total	$2,208

Click on the charts below to see the specific entry, exit and timing of each trade

ETFs Volume >1M and Gainers/Losers

Sorted by price % chg

Fund Name	Ticker	Volume	Vol 3M Avg	Vol % Chg	Price % Chg
iShares MSCI Brazil Index	EWZ	18,294,515	14,078,300	30%	7.27%
PowerShares Gldn Dragon China	PGJ	3,194,939	1,490,850	114%	7.08%
KBW Bank ETF	KBE	5,243,750	1,334,820	293%	6.06%
Ultra QQQ ProShares	QLD	4,903,735	3,003,100	63%	6.00%
Financial Select Sector SPDR	XLF	166,726,161	71,386,300	134%	5.97%
iShares FTSE/Xinhua China 25 Index	FXI	9,217,248	5,635,660	64%	5.97%
SPDR S&P Homebuilders	XHB	3,326,666	4,528,670	-27%	5.95%
KBW Regional Banking ETF	KRE	2,195,557	1,693,040	30%	5.88%
Ultra S&P500 ProShares	SSO	2,407,109	1,400,860	72%	5.72%
KBW Capital Markets ETF	KCE	1,018,700	846,849	20%	5.63%
iShares MSCI Emerging Markets Index	EEM	33,644,043	16,016,800	110%	5.48%
iShares MSCI Hong Kong Index	EWH	11,953,962	7,299,820	64%	5.39%
Regional Bank HOLDRs	RKH	1,584,300	809,860	96%	4.91%
Materials Select Sector SPDR	XLB	16,412,499	9,144,730	79%	4.74%
iShares Dow Jones US Real Estate	IYR	8,215,449	5,683,710	45%	4.68%
Semiconductor HOLDRs	SMH	14,625,200	9,708,220	51%	4.50%
iShares MSCI Mexico Index	EWW	4,303,950	3,663,300	17%	4.50%
iShares MSCI Austria Index	EWO	2,245,905	204,703	997%	4.44%
iShares Russell 2000 Value Index	IWN	2,444,304	2,639,730	-7%	4.14%
Consumer Discretionary SPDR	XLY	3,969,408	3,993,660	-1%	3.89%
iShares Russell 2000 Index	IWM	112,702,202	87,329,700	29%	3.79%
iShares S&P SmallCap 600 Index	IJR	1,701,142	2,001,790	-15%	3.75%
SPDR S&P Retail	XRT	5,259,300	2,624,070	100%	3.57%
iShares Cohen & Steers Realty Majors	ICF	1,429,132	854,717	67%	3.55%
iShares Russell 2000 Growth Index	IWO	2,601,680	4,483,200	-42%	3.52%
Retail HOLDRs	RTH	11,632,900	5,947,610	96%	3.48%
iShares MSCI Australia Index	EWA	5,480,400	2,185,840	151%	3.26%
SPDRs	SPY	259,096,930	194,916,000	33%	3.20%
DJ Euro STOXX 50 ETF	FEZ	1,344,200	172,398	680%	3.18%
iShares Russell 1000 Value Index	IWD	2,336,684	1,585,670	47%	3.11%
iShares MSCI Singapore Index	EWS	5,276,642	3,875,550	36%	3.09%
iShares S&P 100 Index	OEF	2,889,800	1,380,540	109%	3.09%
iShares S&P 500 Index	IVV	2,159,467	2,760,170	-22%	3.09%
iShares MSCI Germany Index	EWG	1,291,600	1,199,370	8%	3.09%
iShares Russell 1000 Growth Index	IWF	3,535,965	2,981,520	19%	3.08%
PowerShares QQQ	QQQQ	216,868,008	154,614,000	40%	3.04%
MidCap SPDRs	MDY	5,000,068	5,587,040	-11%	3.01%
Technology Select Sector SPDR	XLK	4,242,261	4,013,600	6%	2.94%
iShares Nasdaq Biotechnology	IBB	2,426,950	1,324,980	83%	2.91%
Rydex S&P Equal Weight	RSP	1,685,600	830,892	103%	2.86%
iShares MSCI EAFE Index	EFA	12,647,885	7,438,890	70%	2.84%
iShares MSCI Canada Index	EWC	1,888,295	1,275,070	48%	2.80%
iShares MSCI Malaysia Index	EWM	1,847,960	2,448,110	-25%	2.80%
iShares MSCI South Korea Index	EWY	3,247,951	2,647,420	23%	2.79%
First Trust Value Line Dividend Index	FVD	1,522,400	54,880	2674%	2.74%
DIAMONDS Trust, Series 1	DIA	17,995,713	14,460,600	24%	2.71%
Market Vectors Gold Miners ETF	GDX	3,893,110	2,166,230	80%	2.68%
Energy Select Sector SPDR	XLE	22,973,247	21,304,700	8%	2.48%
Industrial Select Sector SPDR	XLI	5,381,200	4,878,960	10%	2.43%
Health Care Select Sector SPDR	XLV	1,808,885	1,917,230	-6%	2.38%
Pharmaceutical HOLDRs	PPH	2,169,400	740,772	193%	2.22%
Utilities Select Sector SPDR	XLU	4,881,946	5,118,330	-5%	1.74%
iShares MSCI Taiwan Index	EWT	12,567,333	8,309,520	51%	1.63%
Consumer Staples Select Sector SPDR	XLP	4,534,105	3,007,640	51%	1.58%
Oil Services HOLDRs	OIH	7,563,500	8,124,960	-7%	1.16%
iShares MSCI Japan Index	EWJ	34,579,371	18,287,500	89%	0.94%
streetTRACKS Gold Shares	GLD	9,707,900	8,191,640	19%	-0.66%
iShares Lehman 20+ Year Treas Bond	TLT	2,088,003	1,845,430	13%	-0.68%
UltraShort Oil & Gas ProShares	DUG	1,381,676	690,389	100%	-2.33%
United States Oil	USO	5,160,600	2,984,920	73%	-3.36%
United States Natural Gas	UNG	1,929,908	1,707,290	13%	-4.18%
UltraShort Dow30 ProShares	DXD	3,760,826	3,347,800	12%	-4.82%
UltraShort MidCap400 ProShares	MZZ	1,037,507	567,240	83%	-5.94%
UltraShort S&P500 ProShares	SDS	24,457,708	16,445,400	49%	-6.36%
UltraShort QQQ ProShares	QID	34,710,202	29,825,700	16%	-6.54%
UltraShort Russell2000 ProShares	TWM	8,276,204	4,335,950	91%	-6.99%
UltraShort Real Estate ProShares	SRS	1,685,577	695,834	142%	-8.76%
UltraShort Financials ProShares	SKF	4,538,845	1,278,840	255%	-9.59%

Market Summary 11-28-07 "Rally Time"

Index	Last	Chg	% Chg
DJ Industrials	13289.45	331.01	2.55%
Nasdaq Comp	2662.91	82.11	3.18%
S&P 500	1469.02	40.79	2.86%
DJ Wilshire 5K	14816.83	417.31	2.90%
Russell 2000	770.04	26.77	3.60%
Nasdaq 100	2095.39	61.63	3.03%

Comments: A two-rally is now in force. Can it hold? With expectations of a Fed rate cut baked in the cake on Dec. 11 and some month end dressing, the markets might have a leg up for awhile. Tomorrow night's Bernanke speech should shore up today's Vice Chair comments. A drop in oil prices helps not to mention the yen-euro cross being supportive. If the Yen strengthens, watch for the market drop.

Issues	NYSE	Nasdaq	Amex
Advancing	2,900	2,381	911
Declining	439	647	368
Unchanged	56	105	76
Total	3,395	3,133	1,355
New 52 Wk Hi	55	38	11
New 52 Wk Lo	97	108	67
Total	1,747,493,770	2,481,813,903	46,471,291
Advancing	1,663,615,450	2,184,437,148	35,923,211
Declining	79,481,800	290,665,054	9,664,280
Unchanged	4,396,520	6,711,701	883,800

Futures	Last	Chg
Crude Oil	91.77	1.15
Natural Gas, Jan	7.588	0.037
Gold, Feb	817	3.5

From Briefing.com:

Moving the Market		Sector Watch
Fed Vice Chairman Kohn said the Fed must be "flexible and pragmatic" in policy, suggesting he may favor a rate cut in Dec. Durable Orders fall in October; not good news, but not recessionary either Wells Fargo announces special Q4 provision of $1.4 bln due to credit losses; Freddie Mac cuts Q4 dividend by 50%		Strong: health care facilities; real estate management & dev; thrifts & mortgages; tires & rubber; investment banks & brokerages; computer storage & peripherals; IT consulting; coal & consumable fuels; fertilizer & agriculture chemicals; semiconductors Weak: leisure products

It took most of the month but the S&P 500 finally managed to put together back-to-back winning sessions and it did so in striking fashion, scoring a two-day gain of 4.4% that was driven by a resurgent financial sector which is up 7.8% from Monday's close. The rally on Wednesday was notable for a number of reasons, not the least of which was the understanding that it came in the face of weak economic data and a warning from Wells Fargo (WFC 30.72, +0.89) that it will be recording a special fourth quarter loss provision of $1.4 billion due largely to losses in its home equity loan portfolio. The Wells Fargo news was an early weight on the futures market, but sentiment turned when it became apparent that Wells Fargo was indicated to start the session little changed. The futures market, though, got a bigger jolt from a speech given by Fed Vice Chairman Donald Kohn that noted increased turbulence in the financial markets of late has partly reversed some of the improvement seen in September and October. Kohn's comment was interpreted as a dovish signal that the FOMC will be open to the idea of cutting interest rates again at its December 11 meeting. That view was underpinned by a lackluster Durable Orders report for October, another decline in existing home sales (-1.2% in October), and a Beige Book report that made reference to an economy expanding at a slower pace. The major indices spent the majority of Wednesday's session trading higher as the resilience of the financial sector (+5.0%) to seemingly bad news sparked a bargain hunting trade that, in turn, provoked short covering activity. Freddie Mac (FRE 29.42, +3.69) was a standout in Wednesday's trading and representative of the bargain hunting bid that took hold as it rallied 14% after announcing a 50% cut in its fourth quarter dividend and plans to issue $6 billion in non-cumulative preferred stock. A little more than a week ago, shares of FRE plummeted 29% after the company said it would be pursuing efforts to raise capital in the near-term. Today's response speaks to the quick shift in sentiment. Strength was broad-based with all ten economic sectors making considerable headway. The "laggard" of the bunch was the utilities sector which gained "only" 1.2%. Another sharp decline in oil prices (-4.0% to $90.62) also played favorably for today's participants who put a healthy bid under the beaten-down consumer discretionary sector (+3.2%). Once again, the stock market rally took the wind out of the Treasury market's sails. The 10-year note dropped 21 ticks bringing its yield up to 4.03%.

Today's DMAC Results: QQQQ & QID

There were 5 trades generated today using the Dual Moving Average Crossover (DMAC) system for a total profit potential of $3,060 using a 1,000 share size position of QID for each trade. Total commissions would have been $50, so the net profit would have been $3,010.

Trade	Profit
1	$770
2	$1,160
3	$240
4	$260
5	$630
Total	$3,060

Today was a tough market to navigate (for me at least). Personally, I took a beating. I got caught in some of the trading noise and missed the key signals today. Once, I stepped away from my computer for a minute and wham, I had missed a big move. So I ended up chasing and making MANY trading mistakes (I should know better). I entered late on several trades and ended up getting caught in the reversal and not stopping out early enough cost me some serious dough (my worst day trading in 6 months). Very demoralizing to say the least!

Click on the charts below to see the specific entry, exit and timing of each trade

ETFs Volume >1M and Gainers/Losers

Sorted by price % chg

Fund Name	Ticker	Volume	Vol 3M Avg	Vol % Chg	Price % Chg
iShares FTSE/Xinhua China 25 Index	FXI	8,422,000	5,592,370	51%	5.17%
iShares MSCI South Korea Index	EWY	3,674,507	2,620,330	40%	3.86%
iShares MSCI Emerging Markets Index	EEM	25,033,200	15,644,000	60%	3.83%
iShares MSCI Singapore Index	EWS	12,325,026	3,854,040	220%	3.80%
iShares MSCI Hong Kong Index	EWH	8,436,241	7,218,250	17%	3.62%
iShares MSCI Malaysia Index	EWM	1,651,050	2,441,740	-32%	3.22%
Ultra QQQ ProShares	QLD	5,646,068	2,945,180	92%	3.09%
PowerShares Gldn Dragon China	PGJ	1,250,503	1,460,370	-14%	3.06%
iShares MSCI Brazil Index	EWZ	21,997,343	13,947,300	58%	2.48%
Ultra S&P500 ProShares	SSO	2,277,456	1,378,490	65%	2.39%
KBW Bank ETF	KBE	2,329,100	1,257,750	85%	2.32%
KBW Capital Markets ETF	KCE	1,192,100	837,631	42%	2.09%
KBW Regional Banking ETF	KRE	3,763,050	1,687,330	123%	2.01%
PowerShares QQQ	QQQQ	211,369,293	152,427,000	39%	2.00%
Industrial Select Sector SPDR	XLI	6,404,246	4,849,170	32%	2.00%
iShares Dow Jones US Broker-Dealers	IAI	1,696,400	1,499,650	13%	1.97%
iShares MSCI Mexico Index	EWW	4,033,235	3,620,080	11%	1.93%
iShares MSCI Australia Index	EWA	5,144,510	2,108,500	144%	1.83%
iShares Nasdaq Biotechnology	IBB	1,250,647	1,302,240	-4%	1.83%
Financial Select Sector SPDR	XLF	99,819,595	69,123,900	44%	1.80%
UltraShort Oil & Gas ProShares	DUG	1,519,663	670,451	127%	1.80%
iShares Cohen & Steers Realty Majors	ICF	2,026,118	838,065	142%	1.72%
iShares Dow Jones Transportation Average	IYT	1,113,400	746,672	49%	1.66%
iShares Dow Jones Select Dividend Index	DVY	1,144,843	717,169	60%	1.62%
iShares MSCI Japan Index	EWJ	22,103,790	17,996,400	23%	1.61%
iShares MSCI Taiwan Index	EWT	13,488,219	8,226,500	64%	1.59%
Retail HOLDRs	RTH	4,654,100	5,814,710	-20%	1.59%
Consumer Discretionary SPDR	XLY	3,635,542	3,960,740	-8%	1.59%
Semiconductor HOLDRs	SMH	11,349,200	9,593,370	18%	1.54%
Rydex S&P Equal Weight	RSP	1,601,607	810,329	98%	1.52%
iShares S&P 100 Index	OEF	3,421,852	1,347,970	154%	1.48%
DIAMONDS Trust, Series 1	DIA	23,080,987	14,314,800	61%	1.46%
iShares MSCI EAFE Index	EFA	10,679,752	7,362,640	45%	1.35%
iShares S&P 500 Index	IVV	2,121,463	2,751,340	-23%	1.33%
iShares S&P SmallCap 600 Index	IJR	1,363,726	1,992,180	-32%	1.31%
Health Care Select Sector SPDR	XLV	2,117,071	1,900,810	11%	1.29%
iShares Russell 2000 Index	IWM	80,871,867	86,524,800	-7%	1.27%
iShares MSCI Germany Index	EWG	1,614,900	1,189,990	36%	1.26%
SPDRs	SPY	293,900,195	192,676,000	53%	1.15%
iShares Russell 2000 Value Index	IWN	2,745,600	2,620,150	5%	1.12%
Technology Select Sector SPDR	XLK	3,370,423	3,970,930	-15%	1.11%
iShares Russell 1000 Value Index	IWD	2,174,071	1,564,740	39%	1.07%
Consumer Staples Select Sector SPDR	XLP	2,612,327	2,957,290	-12%	1.06%
MidCap SPDRs	MDY	6,292,843	5,549,460	13%	1.05%
iShares Russell 2000 Growth Index	IWO	4,139,021	4,469,320	-7%	1.04%
iShares S&P 500 Growth Index	IVW	2,474,400	693,875	257%	1.01%
SPDR S&P Retail	XRT	2,070,576	2,554,530	-19%	0.86%
Materials Select Sector SPDR	XLB	10,899,870	8,970,890	22%	0.80%
iShares Dow Jones US Real Estate	IYR	8,787,267	5,641,360	56%	0.74%
iShares Russell 1000 Growth Index	IWF	3,588,339	2,956,410	21%	0.56%
Utilities Select Sector SPDR	XLU	6,249,992	5,461,780	14%	0.38%
SPDR S&P Homebuilders	XHB	2,977,606	4,540,340	-34%	-0.35%
iShares Lehman 20+ Year Treas Bond	TLT	3,100,232	1,837,700	69%	-0.95%
Market Vectors Gold Miners ETF	GDX	2,329,617	2,128,680	9%	-0.96%
Energy Select Sector SPDR	XLE	28,765,132	21,115,700	36%	-1.11%
Oil Services HOLDRs	OIH	9,416,800	8,090,720	16%	-1.44%
streetTRACKS Gold Shares	GLD	7,230,300	8,071,010	-10%	-1.48%
iShares MSCI Canada Index	EWC	1,711,777	1,250,270	37%	-1.60%
United States Oil	USO	4,188,067	2,928,710	43%	-2.56%
UltraShort Russell2000 ProShares	TWM	7,190,472	4,235,610	70%	-2.70%
UltraShort S&P500 ProShares	SDS	32,786,932	16,200,400	102%	-2.85%
UltraShort MidCap400 ProShares	MZZ	1,719,954	555,428	210%	-2.87%
UltraShort Dow30 ProShares	DXD	4,461,424	3,321,820	34%	-3.04%
UltraShort QQQ ProShares	QID	35,839,862	29,515,300	21%	-3.16%
UltraShort Real Estate ProShares	SRS	1,043,685	676,122	54%	-3.31%
UltraShort Financials ProShares	SKF	3,664,105	1,213,780	202%	-4.94%
UltraShort China 25 ProShares	FXP	2,431,583	N/A	N/A	-10.05%