ETFs Volume >1M and Gainers/Losers

Sorted by price % chg

Fund Name	Ticker	Volume	Vol 3M Avg	Vol % Chg	Price % Chg
Ultra QQQ ProShares	QLD	5,126,771	3,589,880	43%	4.14%
PowerShares QQQ	QQQQ	167,342,283	160,646,000	4%	2.04%
Materials Select Sector SPDR	XLB	5,563,031	9,055,540	-39%	1.84%
iShares Russell 2000 Growth Index	IWO	4,281,100	4,780,570	-10%	1.82%
Oil Services HOLDRs	OIH	4,579,700	7,546,420	-39%	1.81%
iShares Russell 2000 Value Index	IWN	3,722,339	2,770,080	34%	1.66%
iShares Russell 2000 Index	IWM	121,971,161	88,400,900	38%	1.60%
MidCap SPDRs	MDY	4,825,932	5,400,110	-11%	1.50%
Technology Select Sector SPDR	XLK	1,928,017	3,964,460	-51%	1.44%
Semiconductor HOLDRs	SMH	6,422,400	9,082,420	-29%	1.42%
iShares S&P SmallCap 600 Index	IJR	1,315,031	1,939,450	-32%	1.42%
iShares FTSE/Xinhua China 25 Index	FXI	5,212,599	6,210,930	-16%	1.30%
Energy Select Sector SPDR	XLE	13,011,200	21,034,600	-38%	1.27%
iShares Nasdaq Biotechnology	IBB	1,220,169	1,288,440	-5%	1.19%
UltraShort Financials ProShares	SKF	2,360,157	1,939,690	22%	1.10%
iShares Russell 1000 Growth Index	IWF	4,604,015	3,258,470	41%	1.08%
iShares MSCI Brazil Index	EWZ	14,387,384	14,733,400	-2%	1.05%
iShares MSCI Mexico Index	EWW	2,962,500	3,693,230	-20%	1.02%
iShares Russell 1000 Index	IWB	1,446,742	645,806	124%	1.00%
Ultra S&P500 ProShares	SSO	2,126,451	1,671,910	27%	0.97%
iShares Dow Jones US Broker-Dealers	IAI	1,019,200	1,270,850	-20%	0.90%
Industrial Select Sector SPDR	XLI	3,717,476	4,936,880	-25%	0.83%
iShares S&P 500 Growth Index	IVW	1,257,287	806,594	56%	0.78%
iShares MSCI EAFE Index	EFA	13,827,569	9,292,350	49%	0.71%
iShares S&P 500 Index	IVV	2,795,150	2,805,200	0%	0.71%
SPDR S&P Retail	XRT	3,508,600	3,023,110	16%	0.67%
iShares MSCI Hong Kong Index	EWH	4,682,875	7,594,820	-38%	0.65%
iShares Russell 1000 Value Index	IWD	4,933,557	1,994,760	147%	0.64%
SPDRs	SPY	214,813,762	199,655,000	8%	0.63%
Health Care Select Sector SPDR	XLV	2,094,560	2,116,370	-1%	0.59%
iShares MSCI Emerging Markets Index	EEM	15,173,502	17,363,000	-13%	0.55%
iShares MSCI Singapore Index	EWS	4,125,233	4,428,140	-7%	0.53%
Consumer Discretionary SPDR	XLY	2,352,319	3,897,480	-40%	0.49%
iShares S&P 100 Index	OEF	1,602,520	1,488,450	8%	0.45%
Utilities Select Sector SPDR	XLU	4,282,956	5,073,330	-16%	0.44%
iShares MSCI Japan Index	EWJ	12,597,857	17,834,600	-29%	0.38%
iShares Dow Jones US Real Estate	IYR	6,199,127	6,249,770	-1%	0.38%
DIAMONDS Trust, Series 1	DIA	12,707,857	14,685,800	-13%	0.33%
iShares MSCI Malaysia Index	EWM	1,905,500	2,832,780	-33%	0.25%
iShares MSCI Australia Index	EWA	3,205,500	2,470,770	30%	0.11%
iShares Lehman 1-3 Year Treasury Bond	SHY	1,304,600	946,198	38%	0.07%
SPDR S&P Homebuilders	XHB	4,927,820	4,693,650	5%	0.00%
iShares Cohen & Steers Realty Majors	ICF	1,192,445	990,875	20%	0.00%
United States Oil	USO	1,539,900	3,208,600	-52%	-0.07%
Retail HOLDRs	RTH	3,659,000	5,353,560	-32%	-0.11%
iShares Lehman 20+ Year Treas Bond	TLT	1,659,361	1,726,230	-4%	-0.21%
Pharmaceutical HOLDRs	PPH	1,065,400	720,111	48%	-0.40%
Market Vectors Gold Miners ETF	GDX	1,279,606	2,177,700	-41%	-0.42%
Consumer Staples Select Sector SPDR	XLP	1,720,704	3,120,770	-45%	-0.45%
KBW Regional Banking ETF	KRE	1,808,101	1,818,600	-1%	-0.48%
Regional Bank HOLDRs	RKH	1,021,100	905,618	13%	-0.48%
KBW Bank ETF	KBE	1,722,750	1,522,840	13%	-0.54%
Financial Select Sector SPDR	XLF	98,255,288	81,129,500	21%	-0.72%
streetTRACKS Gold Shares	GLD	6,345,630	8,049,930	-21%	-0.72%
UltraShort Dow30 ProShares	DXD	1,588,499	3,168,610	-50%	-0.95%
iShares MSCI South Korea Index	EWY	3,206,578	2,616,490	23%	-1.23%
iShares MSCI Taiwan Index	EWT	5,988,951	8,259,080	-27%	-1.29%
UltraShort S&P500 ProShares	SDS	11,582,538	16,820,900	-31%	-1.63%
UltraShort Russell2000 ProShares	TWM	5,344,315	4,771,880	12%	-3.18%
UltraShort MidCap400 ProShares	MZZ	1,012,400	646,620	57%	-3.43%
UltraShort QQQ ProShares	QID	16,930,599	29,919,200	-43%	-4.16%

Market Summary 12-20-07

Index	Last	Chg	% Chg
DJ Industrials	13245.64	38.37	0.29%
Nasdaq Comp	2640.86	39.85	1.53%
S&P 500	1460.12	7.12	0.49%
DJ Wilshire 5K	14735.57	90.93	0.62%
Russell 2000	767.54	11.41	1.51%
Nasdaq 100	2069.68	38.68	1.90%

Issues	NYSE	Nasdaq	Amex
Advancing	1,846	1,899	681
Declining	1,446	1,119	544
Unchanged	86	192	111
Total	3,378	3,143	1,336
Issues at
New 52 Wk High	45	42	19
New 52 Wk Low	320	238	90
Share Volume
Total	1,356,823,280	1,969,412,354	36,750,038
Advancing	741,783,900	1,452,054,903	18,115,100
Declining	588,871,280	465,913,029	15,425,338
Unchanged	26,168,100	51,444,422	3,209,600

Futures	Last	Chg
Crude Oil	91.4	0.34
Natural Gas, Mar	7.273	0
Gold, Feb	804.6	1.4

From Briefing.com:

Moving the Market		Sector Watch
Oracle, Nike and Accenture top earnings expectations FedEx reports earnings that beat expectations, but issues future Q3 earnings guidance below estimates Bear Stearns significantly misses earnings expectations Bond insurer MBIA says it has $30.6 bln in CDO and Mortgage exposure		Strong: fertilizer & agriculture chemicals; IT consulting services; agriculture products; footwear; semiconductors; systems software; constructions & farm machinery; aluminum; electronic equipment; office electronics Weak: home furnishings; real estate management & development; industrial REITs; consumer finance; general merchandise stores; education services; thrifts & mortgages; property & casualty insurance; residential REITs; dept. stores

It was another roller coaster day of trading on Thursday. The S&P and Dow closed with modest gains after spending much of the day in the red, while the Nasdaq finished the day significantly higher, buoyed by a strong earnings report from Oracle (ORC 22.10, +1.34). The financial sector prevented the market from making further gains,though, as bond insurers once again came under scrutiny. Shares of bond insurer MBIA (MBI 20.00, -7.02) plummeted 26% after the company said it has $30.6 billion in collateralized debt obligation exposure, much larger than many analysts previously thought. Yesterday, Standard & Poor's affirmed MBIA's AAA credit rating, and today said the company's CDO exposure was factored into that decision. S&P's announcement, though, did little to help the stock, as some investors felt blindsided that the exposure was not previously disclosed. Adding to the company's woes, Fitch Ratings put MBIA on Rating Watch Negative because of the CDO exposure. A number of companies reported earnings on Thursday, most of them better than expected. Oracle played a pivotal role in the Nasdaq's outperformance after reporting stronger than expected earnings. Oracle earnings came in at $0.31 per share, topping estimates by $0.04. Meanwhile, Nike (NKE 66.01, +2.21), Herman Miller (MLHR 32.05, +3.63), and Accenture (ACN 37.24, +2.28) all came in ahead of estimates. It was just about a month ago that FedEx (FDX 93.63, -1.00) warned of an earnings shortfall for its second quarter and fiscal year. So, although FedEx beat the second quarter consensus estimate of $1.50 by four cents, the qualifier should be added that it beat the lowered consensus estimate. Also, the company issued futures earnings guidance below expectations, which helped send its shares lower. Bear Stearns (BSC 91.42, +0.82) reported a huge loss of $6.90 per share due to mortgage-related losses, much higher than the $1.79 per share loss most analysts expected. It was Bear's first quarterly loss ever, according to reports. After some choppy trading, the market shrugged off the negative report, sending shares of the company higher. Of the nine sectors that traded high, tech (+1.6%) provided leadership, thanks to strength in Oracle and Apple (AAPL 187.21, +4.09). Only the financial sector (-0.7%) finished lower. There were several economic reports, although none had much of an impact on the stock market. Third quarter real GDP was unchanged at a 4.9% annual growth rate. Core PCE rose 2.0% (consensus +1.8%) quarter over quarter and the GDP Price Index rose 1.0% (consensus +0.9%). The report was just the final revision, so it did not have much of an impact on the market. The weekly initial jobless claims for the week ended Dec. 15 rose to 346,000 from 335,000 the week before. The reading is not high enough to signal significant weakness in the labor market, just a modest worsening. Leading Indicators dropped by 0.4%, slightly more than the expectation of a 0.3% drop. This report typically garners little market interest, as many of the indicators that make up the report have been previously released. Lastly, the regional Fed survey for December manufacturing was a very disappointing -5.7. A reading below zero suggests a contraction in manufacturing. The New York survey released earlier this week had a more optimistic reading of 10.3. These are just regional surveys, and not too much emphasis should be placed on them, but a poor reading here raises red flags.

ETFs Volume >1M and Gainers/Losers

Sorted by price % chg

Fund Name	Ticker	Volume	Vol 3M Avg	Vol % Chg	Price % Chg
iShares MSCI Taiwan Index	EWT	10,259,063	8,314,300	23%	3.21%
iShares Cohen & Steers Realty Majors	ICF	1,674,129	983,645	70%	1.76%
United States Oil	USO	2,304,600	3,244,610	-29%	1.46%
iShares MSCI South Korea Index	EWY	3,413,466	2,619,970	30%	1.40%
iShares Lehman 20+ Year Treas Bond	TLT	2,252,350	1,760,000	28%	1.33%
iShares MSCI Hong Kong Index	EWH	5,211,702	7,649,160	-32%	1.08%
KBW Capital Markets ETF	KCE	1,147,844	882,528	30%	1.05%
Energy Select Sector SPDR	XLE	16,833,160	21,132,500	-20%	0.96%
Ultra QQQ ProShares	QLD	5,152,145	3,547,390	45%	0.92%
Consumer Staples Select Sector SPDR	XLP	1,922,635	3,152,580	-39%	0.84%
iShares Dow Jones US Real Estate	IYR	6,107,080	6,282,140	-3%	0.83%
iShares Russell 2000 Growth Index	IWO	2,689,519	4,795,470	-44%	0.68%
iShares MSCI Emerging Markets Index	EEM	18,830,498	17,452,700	8%	0.65%
Technology Select Sector SPDR	XLK	1,908,296	3,966,680	-52%	0.65%
iShares Russell 2000 Index	IWM	85,850,026	88,289,600	-3%	0.61%
Financial Select Sector SPDR	XLF	110,182,855	80,768,500	36%	0.58%
iShares MSCI Canada Index	EWC	1,285,800	1,523,240	-16%	0.55%
iShares S&P SmallCap 600 Index	IJR	2,262,871	1,990,940	14%	0.46%
UltraShort S&P500 ProShares	SDS	14,721,526	16,896,700	-13%	0.38%
iShares Russell 2000 Value Index	IWN	3,895,989	2,768,000	41%	0.37%
UltraShort Dow30 ProShares	DXD	2,145,744	3,191,060	-33%	0.35%
iShares MSCI Brazil Index	EWZ	12,892,205	14,733,200	-12%	0.33%
MidCap SPDRs	MDY	4,864,730	5,439,380	-11%	0.33%
Oil Services HOLDRs	OIH	4,961,400	7,658,610	-35%	0.25%
Semiconductor HOLDRs	SMH	6,324,700	9,124,020	-31%	0.19%
Ultra S&P500 ProShares	SSO	3,504,575	1,654,740	112%	0.15%
iShares FTSE/Xinhua China 25 Index	FXI	7,348,044	6,208,300	18%	0.07%
SPDRs	SPY	198,917,144	199,332,000	0%	0.00%
streetTRACKS Gold Shares	GLD	5,639,700	8,120,580	-31%	-0.01%
PowerShares QQQ	QQQQ	137,971,798	160,030,000	-14%	-0.02%
iShares Russell 1000 Value Index	IWD	2,929,574	1,938,750	51%	-0.04%
Health Care Select Sector SPDR	XLV	1,663,013	2,109,120	-21%	-0.06%
iShares S&P 500 Index	IVV	2,947,002	2,802,480	5%	-0.12%
Materials Select Sector SPDR	XLB	5,628,304	9,192,850	-39%	-0.15%
iShares Nasdaq Biotechnology	IBB	1,826,020	1,288,840	42%	-0.15%
DIAMONDS Trust, Series 1	DIA	14,342,764	14,697,300	-2%	-0.21%
Utilities Select Sector SPDR	XLU	3,438,402	5,115,280	-33%	-0.25%
iShares S&P 100 Index	OEF	2,159,092	1,505,110	43%	-0.26%
Industrial Select Sector SPDR	XLI	3,489,583	4,929,900	-29%	-0.33%
UltraShort Financials ProShares	SKF	2,993,410	1,923,340	56%	-0.35%
iShares Russell 1000 Growth Index	IWF	3,146,093	3,248,280	-3%	-0.40%
iShares MSCI Mexico Index	EWW	2,701,506	3,718,640	-27%	-0.46%
SPDR S&P Homebuilders	XHB	4,243,841	4,820,640	-12%	-0.47%
iShares MSCI Australia Index	EWA	1,996,770	2,437,850	-18%	-0.48%
KBW Regional Banking ETF	KRE	1,335,898	1,852,960	-28%	-0.53%
Pharmaceutical HOLDRs	PPH	1,354,600	731,798	85%	-0.54%
iShares MSCI Singapore Index	EWS	5,229,472	4,406,520	19%	-0.66%
iShares MSCI Japan Index	EWJ	17,249,601	17,905,500	-4%	-0.68%
iShares MSCI Malaysia Index	EWM	1,439,608	2,844,930	-49%	-0.72%
UltraShort QQQ ProShares	QID	25,224,241	30,038,000	-16%	-0.76%
iShares MSCI EAFE Index	EFA	13,308,641	9,184,940	45%	-0.82%
Market Vectors Gold Miners ETF	GDX	1,084,772	2,200,770	-51%	-0.85%
Consumer Discretionary SPDR	XLY	3,131,665	3,945,540	-21%	-0.90%
KBW Bank ETF	KBE	1,253,013	1,520,360	-18%	-0.96%
Retail HOLDRs	RTH	3,125,100	5,406,140	-42%	-0.98%
UltraShort Russell2000 ProShares	TWM	6,220,707	4,749,580	31%	-1.10%
SPDR S&P Retail	XRT	1,521,200	3,008,450	-49%	-1.10%
UltraShort FTSE/Xinhua China 25	FXP	1,974,712	1,339,670	47%	-1.49%
UltraShort Real Estate ProShares	SRS	1,036,561	792,685	31%	-2.00%
iShares MSCI South Africa Index	EZA	1,386,528	254,555	445%	-2.07%

Market Summary 12-19-07

Index	Last	Chg	% Chg
DJ Industrials	13207.27	-25.2	-0.19%
Nasdaq Comp	2601.01	4.98	0.19%
S&P 500	1453	-1.98	-0.14%
DJ Wilshire 5K	14644.64	-6.52	-0.04%
Russell 2000	756.13	2.07	0.27%
Nasdaq 100	2031	1.51	0.07%

Issues	NYSE	Nasdaq	Amex
Advancing	1,451	1,490	582
Declining	1,836	1,512	640
Unchanged	86	130	116
Total	3,373	3,132	1,338
Issues at
New 52 Wk High	25	24	16
New 52 Wk Low	273	179	90
Share Volume
Total	1,350,019,600	1,844,097,119	38,134,635
Advancing	580,900,700	1,021,432,991	18,524,400
Declining	752,558,100	790,756,574	15,757,935
Unchanged	16,560,800	31,907,554	3,852,300

Futures	Last	Change
Crude Oil	91.52	0.28
Natural Gas, Mar	7.34	0
Gold, Feb	804.7	-0.7

From Briefing.com

Moving the Market		Sector Watch
Morgan Stanley reports a much larger than expected loss, but mitigates some disappointment after selling a $5 bln stake in itself General Mills tops earnings expectations; 2008 forecast fails to meet analysts' expectations Standard & Poors lowers outlook on bond insurers Fed's $20 billion auction draws a yield of 4.65%; 93 financial institutions put in bids		Strong: real estate management & development; tires & rubber; agriculture products; residential REITs; home entertainment software; industrial REITs; office REITs; coal & consumable fuels; human resources & employment services; fertilizer & agriculture chemi Weak: diversified ; dept. stores; general merchandise stores; restaurants; consumer finance; railroads; environmental services; trucking; paper packaging; home furnishings

It was another whipsaw day of trading for the stock market on Wednesday, with several sizable gains and declines during the session. By the end of the trading day, the major indices were mixed with the Nasdaq closing slightly higher, and the S&P and Dow finishing slightly lower. There were no economic reports, but there was plenty of corporate and Federal Reserve news to keep the market occupied. Yesterday, Goldman Sachs (GS 204.16, +2.65) topped its earnings expectations, but its stock still finished 3.4% lower. Today, fellow Wall Street firm Morgan Stanley (MS 50.08, +2.01) significantly missed earnings expectations, but its stock finished 4% higher. Morgan Stanley reported a loss of $3.61 per share for its fiscal fourth quarter, well short of analysts' expectations that called for a loss of $0.39 per share. The larger than expected loss was due to $5.7 billion in additional mortgage-related write-downs, bringing the company's total fourth quarter write-down to approximately $9.4 billion. Investor disappointment was mitigated, however, after the investment bank said it sold a $5 billion stake to China Investment Corp. to further strengthen its capital position amid ongoing credit market turmoil and weakness in the financial sector. While market participants were able to find an upside in Morgan Stanley's earnings report, the same cannot be said for earnings reports from General Mills (GIS 57.99, -1.08), homebuilder Hovnanian (HOV -0.96, 11.43%) and, Olive Garden operator Darden Restaurants (DRI 28.60, -7.74). Standard & Poor's added to today's volatility after lowering its outlook on several bond insurers, which caused a steep decline in the indices around 11:30 ET. S&P affirmed its AAA rating on MBIA (MBI 27.02, -0.68) and Ambac (ABK 27.46, +0.48), but changed their outlook to negative. On Monday, Moody's also affirmed its highest rating on MBIA and Ambac, but stated Ambac's outlook was stable, while MBIA's was negative. Also, Standard & Poor's cut its rating on ACA Capital to CCC from A. Before the rating change, The New York Times reported that several banks were talking about a possible bailout plan for ACA Capital. Meanwhile, shares of student loan provider SLM Corp. (SLM 22.89, -5.98), known as Sallie Mae, got pummeled. During the company's shareholder meeting call, management seemed combative, and indicated that it may cut its dividend. A failed buyout of SLM earlier this year has taken a toll on its stock, which is down 60% since July. Four sectors traded higher, with energy (+0.4%) leading the way for the second straight session. Financials (+0.1%) were providing leadership in morning trade, but managed to finish with only a slight gain following the headlines regarding the Standard and Poor's outlook on bond insurers. Telecom (-1.2%) was the main laggard. Separately, the Federal Reserve released a press release regarding its Dec. 17 $20 billion 28-day credit auction results. The auction drew 93 financial institution, totaling $61.5 billion in bids. The Fed will lend the money at 4.65%, well above the 4.17% minimum bid set by the Fed and below the 4.75% discount rate. This auction is the first of four, which the Fed enacted in hopes to improve liquidity. In commodities trading, crude oil (+$1.23 to $91.34) closed higher today after the Dept. of Energy said in its weekly report that inventories fell by a larger amount than most analysts expected.

ETFs >1M Volume 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	7,764,170	6,084,760	28%	5.66%
PowerShares WilderHill Clean Energy	PBW	1,281,060	805,658	59%	3.79%
iShares MSCI Taiwan Index	EWT	10,266,090	8,303,240	24%	3.47%
iShares MSCI Brazil Index	EWZ	16,237,765	14,651,200	11%	3.41%
PowerShares Gldn Dragon Halter China	PGJ	1,187,290	1,585,760	-25%	3.28%
iShares MSCI Hong Kong Index	EWH	4,932,553	7,688,460	-36%	2.90%
iShares MSCI South Korea Index	EWY	3,170,473	2,609,810	21%	2.83%
iShares MSCI Emerging Markets Index	EEM	23,278,684	17,271,600	35%	2.75%
Vanguard Emerging Markets Stock ETF	VWO	1,033,375	777,391	33%	2.63%
KBW Regional Banking ETF	KRE	2,537,887	1,823,620	39%	2.56%
iShares MSCI Singapore Index	EWS	3,299,108	4,370,710	-25%	2.54%
Market Vectors Gold Miners ETF	GDX	2,247,881	2,221,980	1%	2.04%
iShares Russell 2000 Value Index	IWN	4,495,201	2,712,880	66%	1.85%
iShares Russell 2000 Growth Index	IWO	4,426,000	4,825,040	-8%	1.83%
iShares Russell 2000 Index	IWM	114,500,436	88,163,000	30%	1.79%
iShares MSCI Japan Index	EWJ	19,774,422	18,040,700	10%	1.77%
iShares MSCI Germany Index	EWG	1,846,200	1,179,160	57%	1.63%
SPDR S&P Retail	XRT	4,305,100	2,973,390	45%	1.54%
streetTRACKS Gold Shares	GLD	6,757,605	8,263,880	-18%	1.43%
iShares MSCI Malaysia Index	EWM	1,265,000	2,894,220	-56%	1.37%
iShares S&P SmallCap 600 Index	IJR	1,714,800	1,983,200	-14%	1.36%
iShares Dow Jones US Real Estate	IYR	8,549,007	6,225,590	37%	1.29%
Ultra S&P500 ProShares	SSO	2,859,854	1,590,000	80%	1.27%
iShares MSCI EAFE Index	EFA	18,381,924	8,938,620	106%	1.25%
Materials Select Sector SPDR	XLB	8,879,136	9,318,260	-5%	1.11%
Retail HOLDRs	RTH	5,318,000	5,465,490	-3%	1.03%
iShares Nasdaq Biotechnology	IBB	2,248,643	1,286,470	75%	0.99%
Energy Select Sector SPDR	XLE	20,871,379	21,046,600	-1%	0.96%
Consumer Discretionary SPDR	XLY	3,889,603	3,920,640	-1%	0.94%
Utilities Select Sector SPDR	XLU	4,001,526	5,122,840	-22%	0.89%
KBW Bank ETF	KBE	1,395,545	1,511,220	-8%	0.79%
Oil Services HOLDRs	OIH	4,348,600	7,742,670	-44%	0.77%
Health Care Select Sector SPDR	XLV	2,168,414	2,128,510	2%	0.76%
iShares Russell 1000 Growth Index	IWF	3,249,098	3,215,700	1%	0.75%
SPDR S&P Metals & Mining	XME	1,514,125	451,386	235%	0.70%
iPath MSCI India Index ETN	INP	1,256,173	838,146	50%	0.69%
iShares Dow Jones Select Dividend Index	DVY	1,002,599	746,032	34%	0.69%
iShares S&P 500 Value Index	IVE	1,297,100	442,411	193%	0.67%
iShares S&P 100 Index	OEF	2,918,928	1,451,160	101%	0.65%
iShares Lehman 20+ Year Treas Bond	TLT	1,417,079	1,771,520	-20%	0.65%
iShares MSCI Mexico Index	EWW	3,508,200	3,747,940	-6%	0.63%
iShares S&P 500 Index	IVV	2,648,849	2,788,870	-5%	0.63%
iShares Russell 1000 Value Index	IWD	3,889,420	1,880,650	107%	0.62%
iShares S&P 500 Growth Index	IVW	1,014,302	793,748	28%	0.61%
SPDRs	SPY	245,547,458	198,239,000	24%	0.56%
iShares Russell 1000 Index	IWB	1,008,336	615,845	64%	0.53%
iShares Cohen & Steers Realty Majors	ICF	1,818,045	954,060	91%	0.50%
iShares MSCI Australia Index	EWA	4,267,800	2,373,310	80%	0.48%
DIAMONDS Trust, Series 1	DIA	13,719,014	14,684,600	-7%	0.47%
Semiconductor HOLDRs	SMH	7,296,300	9,127,210	-20%	0.44%
MidCap SPDRs	MDY	5,960,321	5,479,270	9%	0.37%
PowerShares QQQ	QQQQ	154,212,125	159,169,000	-3%	0.32%
Industrial Select Sector SPDR	XLI	5,743,615	4,904,600	17%	0.28%
Ultra QQQ ProShares	QLD	5,660,169	3,445,050	64%	0.18%
Financial Select Sector SPDR	XLF	84,071,454	80,546,900	4%	0.07%
UltraShort QQQ ProShares	QID	30,137,046	30,016,400	0%	0.07%
UltraShort Financials ProShares	SKF	3,943,702	1,850,710	113%	0.05%
Technology Select Sector SPDR	XLK	3,387,313	3,951,720	-14%	0.00%
iShares MSCI Canada Index	EWC	7,515,325	1,407,560	434%	-0.10%
Regional Bank HOLDRs	RKH	1,111,300	923,351	20%	-0.34%
UltraShort Dow30 ProShares	DXD	2,551,505	3,226,470	-21%	-0.41%
Consumer Staples Select Sector SPDR	XLP	4,009,879	3,098,720	29%	-0.45%
Ultra Financials ProShares	UYG	1,021,854	266,135	284%	-0.49%
KBW Capital Markets ETF	KCE	1,443,300	886,740	63%	-0.81%
iShares Dow Jones US Broker-Dealers	IAI	1,331,878	1,381,080	-4%	-0.85%
United States Oil	USO	2,779,900	3,245,790	-14%	-1.08%
UltraShort S&P500 ProShares	SDS	14,940,486	16,919,500	-12%	-1.14%
SPDR S&P Homebuilders	XHB	3,089,511	4,935,560	-37%	-1.14%
UltraShort MidCap400 ProShares	MZZ	1,106,278	627,660	76%	-1.29%
UltraShort Real Estate ProShares	SRS	1,515,836	777,769	95%	-1.89%
UltraShort Russell2000 ProShares	TWM	7,589,788	4,665,100	63%	-3.86%
UltraShort FTSE/Xinhua China 25	FXP	1,866,662	1,296,590	44%	-9.43%