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%

Market Summary 12-18-07

Index	Last	Chg	% Chg
DJ Industrials	13232.47	65.27	0.50%
Nasdaq Comp	2596.03	21.57	0.84%
S&P 500	1454.98	9.08	0.63%
DJ Wilshire 5K	14651.16	96.08	0.66%
Russell 2000	754.06	15	2.03%
Nasdaq 100	2029.49	8.69	0.43%

Issues	NYSE	Nasdaq	Amex
Advancing	2,068	1,823	690
Declining	1,234	1,202	570
Unchanged	75	113	105
Total	3,377	3,138	1,365
New 52 Wk High	20	14	14
New 52 Wk Low	372	278	102
Total	1,489,914,900	1,985,172,020	39,574,523
Advancing	970,863,680	1,338,228,080	22,561,175
Declining	496,899,240	614,975,661	14,721,348
Unchanged	22,151,980	31,968,279	2,292,000

Futures	Last	Change
Crude Oil	90.41	0.33
Natural Gas, Mar	7.37	0.05
Gold, Feb	806.2	-1.2

From Briefing.com

Moving the Market		Sector Watch
European Central Bank is injecting $500 bln into the banking system in attempt to improve liquidity Adobe, Best Buy and Goldman Sachs top earnings expectations Housing starts and building permits fall, but are in line with expectations Bargain hunting bid with S&P down 5.8% at its low from the intraday high it hit just a week ago		Strong: specialty consumer services; thrifts & mortgages; office REITs; industrial gases; environmental services; IT consulting & services; residential REITs; health care facilities; gold; multiline insurance Weak: investment banks & brokerages; industrial REITs; apparel & accessories; education services; other div. finl. services

It was a seesaw trade on Tuesday as the market traded down in the morning and then traded up in the afternoon. If anything, that was the opposite of what market watchers might have expected when taking stock of the positive developments before the open and the market's propensity of late to close trading sessions on a weak note. Despite the negative trend in the first half of the day, it should be noted that the market did start the session on a higher note. The positive move followed a favorable trade in the futures market, which was driven by news of a whopping $500 billion cash injection into the banking system by the European Central Bank, better than expected earnings reports from Goldman Sachs (GS 201.51, -7.12), Best Buy (BBY 51.62, +0.48) and Adobe Systems (ADBE 42.03, +1.13), and a Housing Starts report for November that wasn't as bad as feared. Those good vibes quickly disappeared, however, when the stocks of both Goldman Sachs and Best Buy rolled over amid concerns about the companies' near-term outlook. The sight of those stocks giving up early gains sparked a disappointment trade that carried the indices well into negative territory. At their lows for the day, which were reached around 12:00 ET, the Dow, Nasdaq and S&P were down 75, 20 and 10 points, respectively. For the S&P its low marked a 5.8% decline from the intraday high it reached just a week ago. Sensing that the market had gotten oversold on a short-term basis, buyers returned to the action and drove the indices back into positive territory with broad-based buying interest that favored small-cap stocks. The financial sector (+0.1%) helped lead the turn, although it trailed the broader market as the weak showing from Goldman Sachs and the investment banks weighed on its performance. Best Buy managed to get things turned around in the afternoon rally to finish with a modest gain for the day. Its positive showing contributed to a solid 1.4% gain in the S&P Retailing Index which, in turn, underpinned the gain seen in the consumer discretionary sector (+0.9%). News that General Motors (GM 26.93, +0.54) and the UAW reached agreement on the first phase of an employee buyout plan that will reduce GM's compensation expense also contributed to the sector's outperformance. All 10 economic sectors closed higher today with the income-oriented utilities sector (+1.5%) leading the pack. The energy sector (+1.4%) followed close behind, having garnered a bargain hunting bid with the sector down 4.2% at its low today from the intraday high it reached last Thursday. Separately, the Housing Starts report showed a 3.7% decline in starts to an annualized rate of 1.187 million units (consensus 1.176 mln) and a 1.5% decline in building permits to an annualized rate of 1.15 million (consensus 1.15 mln). The data reflected a continued weak housing market, but because they were largely in line with expectations, they didn't have much bearing on today's proceedings.

ETFs >1M and Gainers/Losers

Sorted by price % chg.

Fund Name	Ticker	Volume	Vol 3M Avg	Vol % Chg	Price % Chg
UltraShort FTSE/Xinhua China 25	FXP	1,599,909	1,284,880	25%	11.54%
UltraShort Real Estate ProShares	SRS	1,474,984	763,137	93%	4.98%
UltraShort QQQ ProShares	QID	24,568,533	29,986,900	-18%	4.42%
UltraShort Russell2000 ProShares	TWM	5,887,411	4,614,980	28%	3.31%
UltraShort MidCap400 ProShares	MZZ	1,105,710	615,737	80%	3.19%
UltraShort S&P500 ProShares	SDS	11,985,459	16,926,400	-29%	2.94%
UltraShort Dow30 ProShares	DXD	2,803,947	3,219,760	-13%	2.42%
UltraShort Financials ProShares	SKF	2,912,531	1,812,250	61%	1.79%
iShares Lehman 20+ Year Treas Bond	TLT	2,046,198	1,760,920	16%	0.89%
SPDR S&P Homebuilders	XHB	3,102,113	4,941,780	-37%	0.31%
Retail HOLDRs	RTH	6,385,700	5,425,820	18%	-0.45%
streetTRACKS Gold Shares	GLD	6,495,430	8,282,920	-22%	-0.50%
United States Oil	USO	1,999,900	3,269,900	-39%	-0.51%
Consumer Staples Select Sector SPDR	XLP	2,978,233	3,088,970	-4%	-0.69%
KBW Regional Banking ETF	KRE	1,430,153	1,830,140	-22%	-0.75%
SPDR S&P Retail	XRT	2,434,007	2,947,830	-17%	-0.77%
KBW Bank ETF	KBE	1,929,913	1,501,960	28%	-0.92%
Utilities Select Sector SPDR	XLU	4,169,910	5,118,530	-19%	-0.93%
Consumer Discretionary SPDR	XLY	2,381,622	3,945,430	-40%	-0.93%
Financial Select Sector SPDR	XLF	69,628,250	79,942,300	-13%	-1.06%
Health Care Select Sector SPDR	XLV	1,637,737	2,120,850	-23%	-1.06%
iShares Russell 2000 Value Index	IWN	4,313,421	2,676,360	61%	-1.13%
DIAMONDS Trust, Series 1	DIA	10,828,329	14,677,000	-26%	-1.14%
iShares S&P 100 Index	OEF	1,212,124	1,453,620	-17%	-1.31%
iShares S&P 500 Index	IVV	1,895,153	2,795,600	-32%	-1.34%
iShares Russell 1000 Value Index	IWD	3,378,649	1,847,160	83%	-1.36%
MidCap SPDRs	MDY	4,236,157	5,472,730	-23%	-1.37%
SPDRs	SPY	177,003,811	197,391,000	-10%	-1.43%
iShares Russell 2000 Index	IWM	71,634,868	88,012,100	-19%	-1.53%
Semiconductor HOLDRs	SMH	7,516,800	9,104,850	-17%	-1.56%
iShares Russell 1000 Index	IWB	1,548,899	607,577	155%	-1.61%
iShares Russell 1000 Growth Index	IWF	4,170,609	3,194,040	31%	-1.62%
KBW Capital Markets ETF	KCE	1,410,700	880,586	60%	-1.62%
iShares MSCI Japan Index	EWJ	15,266,860	18,082,600	-16%	-1.73%
Energy Select Sector SPDR	XLE	27,182,168	20,844,200	30%	-1.79%
Industrial Select Sector SPDR	XLI	5,244,152	4,861,250	8%	-1.80%
iShares Dow Jones US Real Estate	IYR	8,475,796	6,164,050	38%	-1.81%
Technology Select Sector SPDR	XLK	1,958,315	3,966,150	-51%	-1.91%
iShares MSCI EAFE Index	EFA	21,841,753	8,683,200	152%	-2.13%
iShares Russell 2000 Growth Index	IWO	4,961,800	4,799,130	3%	-2.19%
iShares Nasdaq Biotechnology	IBB	1,889,783	1,265,340	49%	-2.20%
iShares MSCI Malaysia Index	EWM	2,202,315	2,869,640	-23%	-2.29%
iShares Cohen & Steers Realty Majors	ICF	1,409,048	944,469	49%	-2.31%
PowerShares QQQ	QQQQ	134,104,605	158,638,000	-15%	-2.43%
Oil Services HOLDRs	OIH	6,029,200	7,713,320	-22%	-2.54%
Ultra S&P500 ProShares	SSO	2,498,012	1,560,510	60%	-3.19%
Materials Select Sector SPDR	XLB	8,553,199	9,255,580	-8%	-3.55%
iShares MSCI Singapore Index	EWS	5,037,800	4,316,150	17%	-3.67%
iShares MSCI Australia Index	EWA	2,999,502	2,342,380	28%	-3.69%
iShares MSCI Mexico Index	EWW	2,977,900	3,744,460	-20%	-3.91%
Market Vectors Gold Miners ETF	GDX	1,613,311	2,233,920	-28%	-3.97%
iShares MSCI Emerging Markets Index	EEM	20,377,510	17,042,100	20%	-4.26%
iShares MSCI South Korea Index	EWY	2,273,013	2,604,970	-13%	-4.41%
Ultra QQQ ProShares	QLD	5,399,872	3,382,870	60%	-4.58%
PowerShares WilderHill Clean Energy	PBW	1,229,366	788,502	56%	-4.64%
iShares MSCI Hong Kong Index	EWH	5,876,438	7,706,500	-24%	-4.74%
PowerShares Gldn Dragon China	PGJ	1,119,384	1,574,210	-29%	-5.49%
iShares MSCI Brazil Index	EWZ	18,485,111	14,513,700	27%	-5.55%
iShares MSCI Taiwan Index	EWT	9,486,409	8,282,110	15%	-5.59%
Claymore/BNY BRIC	EEB	1,306,450	669,723	95%	-5.78%
iShares FTSE/Xinhua China 25 Index	FXI	7,799,362	6,008,270	30%	-5.98%
iPath MSCI India Index ETN	INP	1,489,179	821,177	81%	-13.18%