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[About This Newsletter]
DECISION POINT
ETF TRACKER DAILY REPORT
Monday, 3/31/2008

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The Decision Point Spider Web Report is a daily publication specializing in
exchange traded funds (ETFs). It provides momentum analysis, strength
ranking and BUY and SELL Signals. This newsletter is included as part of a
DecisionPoint.com PRIME web site subscription.
****************************************************************************
INFORMATION CONTAINED HEREIN IS TO ASSIST FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL ANY SECURITY. PAST
PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
****************************************************************************
DISTRIBUTIONS: None today.

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TODAY'S RESULTS AND PRICE CHANGE ANALYSIS

                      03/31                              WTD     MTD     YTD
                      Close       $      %    Volume  %Price  %Price  %Price
Name             Sym  Price  Change Change    X 1000  Change  Change  Change
---------------- ---- ------ ------ ------ ---------  ------  ------  ------
Diamonds          DIA 122.40  +0.17  +0.1%   11653.4   +0.1%   -0.3%     -7%
Nasdaq 100 Shrs  QQQQ  43.72  +0.23  +0.5%  113121.9   +0.5%   +1.8%    -15%
SP500 LgCap SPDR  SPY 131.97  +0.46  +0.3%  165794.8   +0.4%   -0.9%     -9%
SP100 iSh         OEF  61.35  +0.23  +0.4%    4635.3   +0.4%   -0.7%    -11%
SP500 LgCp Grwth  IVW  62.70  +0.30  +0.5%    1078.0   +0.5%   -0.7%    -10%
SP500 LgCp Value  IVE  69.24  +0.40  +0.6%     526.2   +0.6%   -1.4%     -9%
SP400 MidCp SPDR  MDY 141.16  +0.42  +0.3%    4515.7   +0.3%   -1.9%     -9%
SP400 MdCp Grwth  IJK  81.51  +0.73  +0.9%      69.9   +0.9%   -1.5%     -9%
SP400 MdCp Value  IJJ  73.03  +1.08  +1.5%      53.5   +1.5%   -0.3%     -8%
SP600 SmlCp iSh   IJR  59.93  +0.23  +0.4%    2690.2   +0.4%   -0.2%     -8%
SP600 SmCp Grwth  IJT 123.64  +1.36  +1.1%     150.1   +1.1%   -0.1%     -8%
SP600 SmCp Value  IJS  65.44  +0.65  +1.0%     125.7   +1.0%   +0.8%     -7%
Russell 2000 iSh  IWM  68.29  +0.10  +0.1%   64187.2   +0.1%   -0.8%    -10%
Rus2000 Grwth iS  IWO  72.45  -1.03  -1.4%    2030.6   -1.4%   -1.1%    -13%
Rus2000 Value iS  IWN  65.57  +0.14  +0.2%    1218.8   +0.2%   -0.1%     -7%
SP500 Equal Wght  RSP  42.81  +0.08  +0.2%    1305.2   +0.2%   -1.9%     -9%
NDX Equal Weight QQEW  19.23  +0.18  +0.9%       2.0   +0.9%   -0.9%    -13%
DJ Sel Dividend   DVY  57.87  +0.20  +0.3%    1077.6   +0.3%   -2.2%    -10%
InvesTop CrpB iS  LQD 105.20  +0.28  +0.3%     435.1   +0.3%   -1.0%      0%
T-Bond 1-3 Yr iS  SHY  84.24  +0.02   0.0%     474.3    0.0%   +0.1%     +2%
T-Bnd 7-10 Yr iS  IEF  91.69  +0.16  +0.2%     431.0   +0.2%   +1.0%     +5%
T-Bond 20+ Yr iS  TLT  95.89  +0.34  +0.4%    2546.3   +0.4%   +1.8%     +3%
TIPS Bond iShrs   TIP 109.90  +0.26  +0.2%    1296.4   +0.2%   -0.6%     +4%
Aerospace/Def iS  ITA  59.07  +0.10  +0.2%      76.0   +0.2%   -2.0%    -13%
Bank Regional HL  RKH 118.01  -0.15  -0.1%     752.0   -0.1%   -2.0%     -8%
Biotech iShares   IBB  75.78  +1.25  +1.7%    1180.8   +1.7%   -0.6%     -7%
Broker/Dealer iS  IAI  37.26  +0.33  +0.9%    1432.4   +0.9%  -10.9%    -27%
Broadband HLDRs   BDH  12.33  +0.17  +1.4%      80.8   +1.4%   -3.1%    -11%
Commodity iShare  GSG  57.86  -1.40  -2.4%     174.6   -2.4%   -0.9%    +10%
Consumer Disc SP  XLY  30.72  +0.19  +0.6%    5190.8   +0.6%   -1.8%     -6%
Consumer iShares  IYC  57.54  +0.65  +1.1%      74.3   +1.1%   -1.3%     -7%
Consumer Non-Cyc  IYK  60.58  +0.20  +0.3%      17.7   +0.3%   +1.6%     -5%
Consumer Stpl SP  XLP  27.86  -0.02  -0.1%    2037.8   -0.1%   +3.2%     -3%
Crude Oil ETF     USO  81.36  -3.01  -3.6%    7804.0   -3.6%   +1.2%     +7%
Energy SPDR       XLE  74.06  +0.66  +0.9%   21926.1   +0.9%   -2.3%     -6%
Financial SPDR    XLF  24.87  +0.22  +0.9%   87802.4   +0.9%   -2.9%    -13%
Gold              GLD  90.41  -1.47  -1.6%   11154.5   -1.6%   -6.0%    +10%
Gold Miners       GDX  47.70  -1.38  -2.8%    2756.2   -2.8%  -10.2%     +4%
Health Care SPDR  XLV  31.17  -0.16  -0.5%    3496.8   -0.5%   -4.5%    -11%
Healthcare Prv    IHF  47.06  +0.03  +0.1%      34.7   +0.1%  -14.2%    -26%
Home Const iShrs  ITB  20.09  +0.66  +3.4%     881.1   +3.4%   +8.6%    +14%
Industrial SPDR   XLI  37.40  +0.56  +1.5%    4198.9   +1.5%   +3.6%     -4%
Insurance iShare  IAK  42.47  +0.49  +1.2%       2.7   +1.2%   -1.6%    -14%
Internet HLDRs    HHH  55.09  +0.30  +0.5%     286.9   +0.5%   +5.2%     -7%
Intnet Arch HLDR  IAH  45.85  +0.19  +0.4%       9.9   +0.4%   +0.1%    -10%
Intnet Infra HLD  IIH   5.36  -0.01  -0.2%      12.1   -0.2%   -5.1%     -3%
Materials SPDR    XLB  40.17  -0.05  -0.1%   12262.0   -0.1%   -1.4%     -3%
Medical Dev iShr  IHI  56.80  +0.26  +0.5%      13.7   +0.5%   -1.1%     -6%
Natural Gas       UNG  48.50  +1.01  +2.1%    1433.6   +2.1%   +6.4%    +34%
Natural Res iShr  IGE 127.72  +0.19  +0.1%      87.3   +0.1%   -3.7%     -5%
Network iShares   IGN  27.24  +0.08  +0.3%      59.9   +0.3%   -3.4%    -20%
Oil Svc HLDRs     OIH 176.80  +2.64  +1.5%    8106.7   +1.5%   +0.3%     -6%
Oil/Gas Expl iSh  IEO  68.95  +0.49  +0.7%      28.1   +0.7%   -1.8%     +4%
Pharmacutical HL  PPH  69.74  -1.37  -1.9%     982.0   -1.9%   -3.8%    -11%
Real Estate iShr  IYR  65.10  +0.43  +0.7%    6473.9   +0.7%   +3.3%     -1%
Retail Holders    RTH  91.65  +0.75  +0.8%    4557.8   +0.8%   +2.4%     -1%
Semiconductor iS  IGW  49.56  +0.53  +1.1%     159.9   +1.1%   -1.3%    -17%
Silver ETF        SLV 170.41  -7.09  -4.0%    1595.2   -4.0%  -13.4%    +16%
Software iShares  IGV  44.82  +0.01   0.0%     200.8    0.0%   +0.5%    -13%
Technology SPDR   XLK  22.40  -0.03  -0.1%    5812.0   -0.1%   +1.2%    -16%
Telecom iShares   IYZ  23.37  +0.30  +1.3%     192.5   +1.3%   -1.0%    -21%
Utilities SPDR    XLU  37.94  +0.31  +0.8%    3925.2   +0.8%   +1.6%    -10%
Wireless HLDRs    WMH  60.20  +0.07  +0.1%    3000.0   +0.1%   -3.1%    -17%
Australia iShrs   EWA  25.76  -0.02  -0.1%    1307.1   -0.1%   -2.9%    -11%
Brazil iShares    EWZ  77.03  +0.16  +0.2%    9703.5   +0.2%   -7.8%     -5%
China 25 iShares  FXI 135.14  -1.75  -1.3%    4412.5   -1.3%   -6.9%    -21%
Canada iShares    EWC  30.31  +0.05  +0.2%    1227.9   +0.2%   -5.3%     -6%
EAFE Index iShrs  EFA  71.90  +0.26  +0.4%   15065.4   +0.4%   +0.4%     -8%
Emerging Mkts iS  EEM 134.38  +0.79  +0.6%   17069.2   +0.6%   -3.8%    -11%
EMU iShares       EZU 108.80  +0.83  +0.8%     348.5   +0.8%   +2.5%     -9%
Euro Currency iS  FXE 158.29  -0.21  -0.1%     635.0   -0.1%   +3.9%     +8%
France iShares    EWQ  34.94  +0.44  +1.3%     256.3   +1.3%   +3.0%     -8%
Germany iShares   EWG  31.51  +0.19  +0.6%    1117.4   +0.6%   +1.7%    -11%
HongKong iShares  EWH  17.95  -0.07  -0.4%    3746.2   -0.4%   -2.8%    -18%
Japan iShares     EWJ  12.37  -0.09  -0.7%   13822.3   -0.7%   -1.3%     -7%
Malaysia iShares  EWM  11.85  +0.18  +1.5%    2156.1   +1.5%   -5.4%     -7%
Mexico iShares    EWW  59.10  +1.46  +2.5%    3172.5   +2.5%   +6.3%     +6%
Singapore iShrs   EWS  12.77   0.00   0.0%    3723.1    0.0%   +5.1%     -7%
South Korea iShr  EWY  55.79  +0.65  +1.2%    2949.3   +1.2%   -2.0%    -14%
Switzerland iShr  EWL  25.88  +0.28  +1.1%     109.2   +1.1%   +1.8%      0%
Taiwan iShares    EWT  15.85  -0.04  -0.3%   15001.5   -0.3%   +2.7%     +5%
United Kgdm iShr  EWU  21.56  +0.11  +0.5%     593.2   +0.5%   -1.6%    -10%

Average                              +0.3%             +0.3%   -1.1%     -6%

****************************************************************************

ETFs SORTED BY TODAY'S PERCENTAGE CHANGE

                      03/31                              WTD     MTD     YTD
                      Close       $      %    Volume  %Price  %Price  %Price
Name             Sym  Price  Change Change    X 1000  Change  Change  Change
---------------- ---- ------ ------ ------ ---------  ------  ------  ------
Home Const iShrs  ITB  20.09  +0.66  +3.4%     881.1   +3.4%   +8.6%    +14%
Mexico iShares    EWW  59.10  +1.46  +2.5%    3172.5   +2.5%   +6.3%     +6%
Natural Gas       UNG  48.50  +1.01  +2.1%    1433.6   +2.1%   +6.4%    +34%
Biotech iShares   IBB  75.78  +1.25  +1.7%    1180.8   +1.7%   -0.6%     -7%
SP400 MdCp Value  IJJ  73.03  +1.08  +1.5%      53.5   +1.5%   -0.3%     -8%
Industrial SPDR   XLI  37.40  +0.56  +1.5%    4198.9   +1.5%   +3.6%     -4%
Oil Svc HLDRs     OIH 176.80  +2.64  +1.5%    8106.7   +1.5%   +0.3%     -6%
Malaysia iShares  EWM  11.85  +0.18  +1.5%    2156.1   +1.5%   -5.4%     -7%
Broadband HLDRs   BDH  12.33  +0.17  +1.4%      80.8   +1.4%   -3.1%    -11%
Telecom iShares   IYZ  23.37  +0.30  +1.3%     192.5   +1.3%   -1.0%    -21%
France iShares    EWQ  34.94  +0.44  +1.3%     256.3   +1.3%   +3.0%     -8%
Insurance iShare  IAK  42.47  +0.49  +1.2%       2.7   +1.2%   -1.6%    -14%
South Korea iShr  EWY  55.79  +0.65  +1.2%    2949.3   +1.2%   -2.0%    -14%
SP600 SmCp Grwth  IJT 123.64  +1.36  +1.1%     150.1   +1.1%   -0.1%     -8%
Consumer iShares  IYC  57.54  +0.65  +1.1%      74.3   +1.1%   -1.3%     -7%
Semiconductor iS  IGW  49.56  +0.53  +1.1%     159.9   +1.1%   -1.3%    -17%
Switzerland iShr  EWL  25.88  +0.28  +1.1%     109.2   +1.1%   +1.8%      0%
SP600 SmCp Value  IJS  65.44  +0.65  +1.0%     125.7   +1.0%   +0.8%     -7%
SP400 MdCp Grwth  IJK  81.51  +0.73  +0.9%      69.9   +0.9%   -1.5%     -9%
NDX Equal Weight QQEW  19.23  +0.18  +0.9%       2.0   +0.9%   -0.9%    -13%
Broker/Dealer iS  IAI  37.26  +0.33  +0.9%    1432.4   +0.9%  -10.9%    -27%
Energy SPDR       XLE  74.06  +0.66  +0.9%   21926.1   +0.9%   -2.3%     -6%
Financial SPDR    XLF  24.87  +0.22  +0.9%   87802.4   +0.9%   -2.9%    -13%
Retail Holders    RTH  91.65  +0.75  +0.8%    4557.8   +0.8%   +2.4%     -1%
Utilities SPDR    XLU  37.94  +0.31  +0.8%    3925.2   +0.8%   +1.6%    -10%
EMU iShares       EZU 108.80  +0.83  +0.8%     348.5   +0.8%   +2.5%     -9%
Oil/Gas Expl iSh  IEO  68.95  +0.49  +0.7%      28.1   +0.7%   -1.8%     +4%
Real Estate iShr  IYR  65.10  +0.43  +0.7%    6473.9   +0.7%   +3.3%     -1%
SP500 LgCp Value  IVE  69.24  +0.40  +0.6%     526.2   +0.6%   -1.4%     -9%
Consumer Disc SP  XLY  30.72  +0.19  +0.6%    5190.8   +0.6%   -1.8%     -6%
Emerging Mkts iS  EEM 134.38  +0.79  +0.6%   17069.2   +0.6%   -3.8%    -11%
Germany iShares   EWG  31.51  +0.19  +0.6%    1117.4   +0.6%   +1.7%    -11%
Nasdaq 100 Shrs  QQQQ  43.72  +0.23  +0.5%  113121.9   +0.5%   +1.8%    -15%
SP500 LgCp Grwth  IVW  62.70  +0.30  +0.5%    1078.0   +0.5%   -0.7%    -10%
Internet HLDRs    HHH  55.09  +0.30  +0.5%     286.9   +0.5%   +5.2%     -7%
Medical Dev iShr  IHI  56.80  +0.26  +0.5%      13.7   +0.5%   -1.1%     -6%
United Kgdm iShr  EWU  21.56  +0.11  +0.5%     593.2   +0.5%   -1.6%    -10%
SP100 iSh         OEF  61.35  +0.23  +0.4%    4635.3   +0.4%   -0.7%    -11%
SP600 SmlCp iSh   IJR  59.93  +0.23  +0.4%    2690.2   +0.4%   -0.2%     -8%
T-Bond 20+ Yr iS  TLT  95.89  +0.34  +0.4%    2546.3   +0.4%   +1.8%     +3%
Intnet Arch HLDR  IAH  45.85  +0.19  +0.4%       9.9   +0.4%   +0.1%    -10%
EAFE Index iShrs  EFA  71.90  +0.26  +0.4%   15065.4   +0.4%   +0.4%     -8%
SP500 LgCap SPDR  SPY 131.97  +0.46  +0.3%  165794.8   +0.4%   -0.9%     -9%
SP400 MidCp SPDR  MDY 141.16  +0.42  +0.3%    4515.7   +0.3%   -1.9%     -9%
DJ Sel Dividend   DVY  57.87  +0.20  +0.3%    1077.6   +0.3%   -2.2%    -10%
InvesTop CrpB iS  LQD 105.20  +0.28  +0.3%     435.1   +0.3%   -1.0%      0%
Consumer Non-Cyc  IYK  60.58  +0.20  +0.3%      17.7   +0.3%   +1.6%     -5%
Network iShares   IGN  27.24  +0.08  +0.3%      59.9   +0.3%   -3.4%    -20%
Rus2000 Value iS  IWN  65.57  +0.14  +0.2%    1218.8   +0.2%   -0.1%     -7%
SP500 Equal Wght  RSP  42.81  +0.08  +0.2%    1305.2   +0.2%   -1.9%     -9%
T-Bnd 7-10 Yr iS  IEF  91.69  +0.16  +0.2%     431.0   +0.2%   +1.0%     +5%
TIPS Bond iShrs   TIP 109.90  +0.26  +0.2%    1296.4   +0.2%   -0.6%     +4%
Aerospace/Def iS  ITA  59.07  +0.10  +0.2%      76.0   +0.2%   -2.0%    -13%
Brazil iShares    EWZ  77.03  +0.16  +0.2%    9703.5   +0.2%   -7.8%     -5%
Canada iShares    EWC  30.31  +0.05  +0.2%    1227.9   +0.2%   -5.3%     -6%
Diamonds          DIA 122.40  +0.17  +0.1%   11653.4   +0.1%   -0.3%     -7%
Russell 2000 iSh  IWM  68.29  +0.10  +0.1%   64187.2   +0.1%   -0.8%    -10%
Healthcare Prv    IHF  47.06  +0.03  +0.1%      34.7   +0.1%  -14.2%    -26%
Natural Res iShr  IGE 127.72  +0.19  +0.1%      87.3   +0.1%   -3.7%     -5%
Wireless HLDRs    WMH  60.20  +0.07  +0.1%    3000.0   +0.1%   -3.1%    -17%
T-Bond 1-3 Yr iS  SHY  84.24  +0.02   0.0%     474.3    0.0%   +0.1%     +2%
Software iShares  IGV  44.82  +0.01   0.0%     200.8    0.0%   +0.5%    -13%
Singapore iShrs   EWS  12.77   0.00   0.0%    3723.1    0.0%   +5.1%     -7%
Bank Regional HL  RKH 118.01  -0.15  -0.1%     752.0   -0.1%   -2.0%     -8%
Consumer Stpl SP  XLP  27.86  -0.02  -0.1%    2037.8   -0.1%   +3.2%     -3%
Materials SPDR    XLB  40.17  -0.05  -0.1%   12262.0   -0.1%   -1.4%     -3%
Technology SPDR   XLK  22.40  -0.03  -0.1%    5812.0   -0.1%   +1.2%    -16%
Australia iShrs   EWA  25.76  -0.02  -0.1%    1307.1   -0.1%   -2.9%    -11%
Euro Currency iS  FXE 158.29  -0.21  -0.1%     635.0   -0.1%   +3.9%     +8%
Intnet Infra HLD  IIH   5.36  -0.01  -0.2%      12.1   -0.2%   -5.1%     -3%
Taiwan iShares    EWT  15.85  -0.04  -0.3%   15001.5   -0.3%   +2.7%     +5%
HongKong iShares  EWH  17.95  -0.07  -0.4%    3746.2   -0.4%   -2.8%    -18%
Health Care SPDR  XLV  31.17  -0.16  -0.5%    3496.8   -0.5%   -4.5%    -11%
Japan iShares     EWJ  12.37  -0.09  -0.7%   13822.3   -0.7%   -1.3%     -7%
China 25 iShares  FXI 135.14  -1.75  -1.3%    4412.5   -1.3%   -6.9%    -21%
Rus2000 Grwth iS  IWO  72.45  -1.03  -1.4%    2030.6   -1.4%   -1.1%    -13%
Gold              GLD  90.41  -1.47  -1.6%   11154.5   -1.6%   -6.0%    +10%
Pharmacutical HL  PPH  69.74  -1.37  -1.9%     982.0   -1.9%   -3.8%    -11%
Commodity iShare  GSG  57.86  -1.40  -2.4%     174.6   -2.4%   -0.9%    +10%
Gold Miners       GDX  47.70  -1.38  -2.8%    2756.2   -2.8%  -10.2%     +4%
Crude Oil ETF     USO  81.36  -3.01  -3.6%    7804.0   -3.6%   +1.2%     +7%
Silver ETF        SLV 170.41  -7.09  -4.0%    1595.2   -4.0%  -13.4%    +16%

Average                              +0.3%             +0.3%   -1.1%     -6%

****************************************************************************

ETFs SORTED BY PRICE MOMENTUM OSCILLATOR (PMO) RANK

This section ranks the securities based on Decision Point's proprietary
PMO, a measure of internal and relative strength.

                          |-RankChg| |--% Price Change-|  Hot/Cold       PMO
                      PMO    5   15      On     5    15    Group &     Xover
Name/Symbol          Rank  Day  Day   03/31   Day   Day   Blinkers Sgnl/Days
--------------------- ---  ---  ---   -----  ----  ---- |---------|---------
Natural Gas       UNG   1    0   +1   +2.1%   +6%   +2%  4 -+ ++    SELL  13
Home Const iShrs  ITB   2   +4  +10   +3.4%   -4%  +20%  1 ++ ++ +   BUY  11
Taiwan iShares    EWT   3   +1   +5   -0.3%   -8%    0%  3 ++ -+ +   BUY   7
Crude Oil ETF     USO   4   -2    0   -3.6%   +1%   -3%  5 -- -+ -  SELL  11
Commodity iShare  GSG   5    0   -2   -2.4%   +2%   -3%  5 -- -+    SELL  12
Euro Currency iS  FXE   6   +2   +9   -0.1%   +2%   +3%  1 ++ ++ +   BUY  39
Silver ETF        SLV   7   -4   -6   -4.0%   +2%  -15%  5 -- -+ -  SELL  13
Oil/Gas Expl iSh  IEO   8   +1   -1   +0.7%   +4%   +1%  4 -+ ++ +  SELL  17
Mexico iShares    EWW   9   +4   +9   +2.5%   +3%   +9%  1 ++ ++ +   BUY   6
Real Estate iShr  IYR  10   +6  +26   +0.7%   -4%   +8%  1 ++ ++ +   BUY  13
Gold              GLD  11   -4   -5   -1.6%    0%   -6%  5 -- -+ -  SELL  13
T-Bnd 7-10 Yr iS  IEF  12   -1   +8   +0.2%   +1%   +1%  3 ++ -+ -   BUY  28
Switzerland iShr  EWL  13   +5   +9   +1.1%   +3%   +4%  1 ++ ++ +   BUY  40
T-Bond 20+ Yr iS  TLT  14   -2  +10   +0.4%   +1%   +4%  2 ++ ++ -   BUY  21
Oil Svc HLDRs     OIH  15   +6   -1   +1.5%   +6%   +2%  1 ++ ++ +   BUY   3
Intnet Arch HLDR  IAH  16   -1   +9   +0.4%   -3%   +1%  3 +- -+ -   BUY  48
Singapore iShrs   EWS  17  +21  +36    0.0%   +1%   +8%  1 ++ ++ +   BUY  11
Consumer Stpl SP  XLP  18   +6   +9   -0.1%    0%   +3%  1 ++ ++ +   BUY  12
Retail Holders    RTH  19   +7   +9   +0.8%   -4%   +4%  1 ++ ++ +   BUY  11
TIPS Bond iShrs   TIP  20   -6   -1   +0.2%   +1%   -1%  4 -+ ++ -  SELL  11
Industrial SPDR   XLI  21   +6   +8   +1.5%    0%   +5%  1 ++ ++ +   BUY  13
T-Bond 1-3 Yr iS  SHY  22   -5   -1   +0.0%    0%    0%  4 -+ -+ -  SELL  12
Internet HLDRs    HHH  22  +11  +27   +0.6%   -1%   +6%  1 ++ ++ +   BUY  11
Energy SPDR       XLE  24   -4  -13   +0.9%   +3%   +1%  4 -+ ++ -  SELL  17
Materials SPDR    XLB  25    0   -8   -0.1%   +1%   +2%  5 -- -+    SELL  24
Natural Res iShr  IGE  26   -7  -16   +0.2%   +3%   -2%  5 -- -+ -  SELL  14
France iShares    EWQ  27   +8  +16   +1.3%   +3%   +5%  1 ++ ++ +   BUY  45
Intnet Infra HLD  IIH  28   -5  -15   -0.2%   -4%   -3%  5 -- -+ -  SELL  26
Gold Miners       GDX  29  -19  -24   -2.8%   +2%  -11%  5 -- -+ -  SELL  12
Consumer Non-Cyc  IYK  30   -2   +3   +0.3%   -1%   +3%  2 ++ +- -   BUY  12
EMU iShares       EZU  31   +8  +19   +0.8%   +3%   +5%  2 ++ +- +   BUY  46
SP600 SmCp Value  IJS  32    0   +6   +1.0%   -3%   +4%  2 ++ +-     BUY  11
Rus2000 Value iS  IWN  33   +1  +18   +0.2%   -3%   +4%  3 +- +- +   BUY  11
InvesTop CrpB iS  LQD  34   -5  -11   +0.3%   +1%   +1%  2 ++ +- -   BUY   7
Diamonds          DIA  35   -4   +4   +0.1%   -2%   +3%  3 +- +- -   BUY  13
Brazil iShares    EWZ  36  -14  -27   +0.2%   +2%   -5%  6 -- -- -  SELL  21
Japan iShares     EWJ  37   +9    0   -0.7%    0%   +3%  2 ++ +- +   BUY   7
SP600 SmlCp iSh   IJR  38   +3   +7   +0.4%   -3%   +3%  3 +- +- +   BUY   7
EAFE Index iShrs  EFA  39   +4   +3   +0.4%   +2%   +3%  2 ++ +- +   BUY   7
Germany iShares   EWG  40   +9  +16   +0.6%   +2%   +4%  2 ++ +- +   BUY   7
Canada iShares    EWC  41  -11  -25   +0.2%   +2%   -2%  6 -- -- -  SELL  21
Consumer Disc SP  XLY  42   -6  -12   +0.6%   -5%   +2%  3 +- -- -   BUY   7
SP600 SmCp Grwth  IJT  43  +12   +5   +1.1%   -1%   +3%  2 ++ +- +   BUY   7
Medical Dev iShr  IHI  44   +3  -12   +0.5%    0%   +2%  2 ++ +- +   BUY   6
SP500 LgCp Grwth  IVW  45   -5   +2   +0.5%   -2%   +2%  3 +- +- -   BUY  11
Russell 2000 iSh  IWM  46  +13  +14   +0.2%   -2%   +4%  3 +- +- +   BUY  11
Bank Regional HL  RKH  47  -10  +19   -0.1%   -8%   +3%  3 +- -- -   BUY  11
SP400 MdCp Grwth  IJK  48   +2  -17   +0.9%   -1%   +2%  2 ++ +- +   BUY   6
Nasdaq 100 Shrs  QQQQ  49  +14  +25   +0.5%   -2%   +4%  2 ++ +- +   BUY  20
SP500 LgCap SPDR  SPY  49   -4   +3   +0.4%   -2%   +2%  3 +- +- -   BUY  11
Consumer iShares  IYC  51   -9  -17   +1.1%   -4%   +2%  3 +- +- -   BUY   7
SP400 MidCp SPDR  MDY  52    0  -17   +0.3%   -1%   +2%  3 +- +-     BUY   6
SP400 MdCp Value  IJJ  53    0   -7   +1.5%   -1%   +3%  2 ++ +-     BUY   7
Technology SPDR   XLK  54   +3  +19   -0.1%   -3%   +2%  3 +- +- +   BUY  47
SP500 Equal Wght  RSP  55   -7  -14   +0.2%   -3%   +1%  3 +- +- -   BUY   7
SP100 iSh         OEF  56  -12   +5   +0.4%   -3%   +2%  3 +- +- -   BUY  13
Software iShares  IGV  57   -1  +11   +0.0%   -3%   +2%  3 +- +- -   BUY  13
United Kgdm iShr  EWU  58    0  -18   +0.5%   +1%    0%  2 ++ +-     BUY   5
Rus2000 Grwth iS  IWO  59   +7  +10   -1.4%   -2%   +3%  3 +- +- +   BUY   7
SP500 LgCp Value  IVE  60   -6   -2   +0.6%   -4%   +2%  3 +- +- -   BUY  11
Semiconductor iS  IGW  61  -10   +3   +1.1%   -4%   +1%  3 +- -- -   BUY  19
Emerging Mkts iS  EEM  62   -1  -36   +0.6%   +1%   +1%  3 +- +- -   BUY   3
NDX Equal Weight QQEW  63   +1   +2   +0.9%   -3%   +1%  3 +- +- +   BUY   7
Biotech iShares   IBB  64   +7   +3   +1.7%   +1%   +4%  2 ++ +- +   BUY   7
Utilities SPDR    XLU  65   -3   -2   +0.8%   +1%   +1%  2 ++ +- -   BUY  13
DJ Sel Dividend   DVY  66   -6   +4   +0.4%   -5%   +1%  3 +- -- -   BUY  11
Australia iShrs   EWA  67   +1  -23   -0.1%   +1%   +2%  3 +- +- +   BUY   5
Aerospace/Def iS  ITA  68   -1   -9   +0.2%   -1%    0%  3 +- +- -   BUY   6
Financial SPDR    XLF  69    0   +9   +0.9%   -7%   +3%  3 +- +-     BUY  11
Pharmacutical HL  PPH  70   -5   +1   -1.9%   -3%    0%  3 +- -- -   BUY  12
Insurance iShare  IAK  71   -1   +4   +1.2%   -2%   +3%  3 +- +- -   BUY  11
Broadband HLDRs   BDH  72   +1  -15   +1.4%   +1%   +1%  2 ++ +- +   BUY   6
South Korea iShr  EWY  73   +2  -18   +1.2%   +2%   +1%  2 ++ +- +   BUY   5
Wireless HLDRs    WMH  74   +2   -2   +0.1%   +2%   +2%  2 ++ +- +   BUY   6
Network iShares   IGN  75   -1   +2   +0.3%   -3%   +1%  3 +- +- -   BUY   7
Health Care SPDR  XLV  76   -4  -14   -0.5%   -1%   -1%  3 +- +- -   BUY   6
Malaysia iShares  EWM  77   +1  -23   +1.5%   +3%   -1%  2 ++ +- +   BUY   4
HongKong iShares  EWH  78   -1   +2   -0.4%   +3%   +3%  2 ++ +- -   BUY   6
Telecom iShares   IYZ  79    0   +3   +1.3%   -2%   +1%  2 ++ +-     BUY  11
China 25 iShares  FXI  80    0   -4   -1.3%   +5%   -1%  3 +- +-     BUY   3
Broker/Dealer iS  IAI  81    0    0   +0.9%   -7%   -6%  3 +- --     BUY   6
Healthcare Prv    IHF  82    0   -3   +0.1%   -1%  -11%  4 -- +-    SELL  32

****************************************************************************

PMO (PRICE MOMENTUM OSCILLATOR) CROSSOVER SIGNALS

The PMO generates a BUY or SELL Signals when it crosses up or down through
its 10-DMA. These signals tend to be short-term in duration, but they can
last for several weeks. Do not take them at face value because they can
whipsaw quite a bit. They should be used to alert you to possible trading
opportunities not used as a mechanical trading model. Always check our daily
stock charts to verify the price pattern and the configuration of the PMO.
Signals are best when price appears extended, is near support or resistance,
and the PMO is very overbought or oversold. These signals may also be used to
manage positions based on our ETF Top 5 signals or the longer-term
Price Momentum Model signals.

SUMMARY OF PMO CROSSOVER SIGNALS

                    ETF    ETF
                    BUY   SELL

Total Signals...:    66     16
% of Total......:   80%    20%
Ave Days Elapsed:    13     17
Ave High Profit.:   +2%    +6%
Ave Profit......:    0%    +2%

Percentage of PMOs Rising ..........:  76%
Percentage of PMOs Above Zero.......:  35%

THIS IS A LIST OF CANDIDATES FOR FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL THE LISTED SECURITIES.

                       03/31               Cal
                       Close      %       Days    High   Today   PMO
Name/Symbol            Price Change Signl Elap     P/L     P/L R/F Days
--------------------- ------ ------ ----- ---- ------- ------- --------
Oil Svc HLDRs     OIH 176.80  +1.5%   BUY    3    1.5%    1.5%    R   6
China 25 iShares  FXI 135.14  -1.3%   BUY    3    0.0%   -1.3%    R   6
Emerging Mkts iS  EEM 134.38  +0.6%   BUY    3    0.6%    0.6%    R   7
Malaysia iShares  EWM  11.85  +1.5%   BUY    4    1.5%    1.5%    R  11
Australia iShrs   EWA  25.76  -0.1%   BUY    5    0.0%   -1.0%    R   7
South Korea iShr  EWY  55.79  +1.2%   BUY    5    1.1%    1.1%    R  11
United Kgdm iShr  EWU  21.56  +0.5%   BUY    5    0.0%   -0.3%    R   7
SP400 MidCp SPDR  MDY 141.16  +0.3%   BUY    6    0.0%   -2.0%    R  11
SP400 MdCp Grwth  IJK  81.51  +0.9%   BUY    6    0.0%   -1.7%    R  11
Aerospace/Def iS  ITA  59.07  +0.2%   BUY    6    0.0%   -1.2%    R  11
Broker/Dealer iS  IAI  37.26  +0.9%   BUY    6    0.0%   -7.5%    F   3
Broadband HLDRs   BDH  12.33  +1.4%   BUY    6    0.0%   -1.8%    R   7
Health Care SPDR  XLV  31.17  -0.5%   BUY    6    0.0%   -1.2%    R  13
Medical Dev iShr  IHI  56.80  +0.5%   BUY    6    0.0%   -0.5%    R  11
Wireless HLDRs    WMH  60.20  +0.1%   BUY    6    0.2%   -0.9%    R   7
HongKong iShares  EWH  17.95  -0.4%   BUY    6    1.4%    1.0%    R   7
Mexico iShares    EWW  59.10  +2.5%   BUY    6    1.9%    1.9%    R   7
SP400 MdCp Value  IJJ  73.03  +1.5%   BUY    7    0.7%   -1.1%    R   0
SP600 SmlCp iSh   IJR  59.93  +0.4%   BUY    7    0.4%   -2.6%    R  11
SP600 SmCp Grwth  IJT 123.64  +1.1%   BUY    7    0.5%   -1.3%    R  11
Rus2000 Grwth iS  IWO  72.45  -1.4%   BUY    7    0.8%   -2.3%    R  13
SP500 Equal Wght  RSP  42.81  +0.2%   BUY    7    0.5%   -2.9%    R   0
NDX Equal Weight QQEW  19.23  +0.9%   BUY    7    0.4%   -2.9%    R   0
InvesTop CrpB iS  LQD 105.20  +0.3%   BUY    7    0.8%    0.8%    R  12
Biotech iShares   IBB  75.78  +1.7%   BUY    7    0.9%    0.9%    R  13
Consumer Disc SP  XLY  30.72  +0.6%   BUY    7    0.0%   -4.9%    F   3
Consumer iShares  IYC  57.54  +1.1%   BUY    7    0.0%   -4.2%    R   0
Network iShares   IGN  27.24  +0.3%   BUY    7    1.4%   -2.6%    R  11
EAFE Index iShrs  EFA  71.90  +0.4%   BUY    7    1.7%    1.7%    R   7
Germany iShares   EWG  31.51  +0.6%   BUY    7    1.8%    1.8%    R   7
Japan iShares     EWJ  12.37  -0.7%   BUY    7    1.0%   -0.4%    R  11
Taiwan iShares    EWT  15.85  -0.3%   BUY    7    0.0%   -8.0%    F   4
SP500 LgCap SPDR  SPY 131.97  +0.3%   BUY   11    2.1%   -0.1%    R  11
SP500 LgCp Grwth  IVW  62.70  +0.5%   BUY   11    2.0%    0.4%    R   0
SP500 LgCp Value  IVE  69.24  +0.6%   BUY   11    1.4%   -2.3%    R   0
SP600 SmCp Value  IJS  65.44  +1.0%   BUY   11    2.9%   -0.1%    R   0
Russell 2000 iSh  IWM  68.29  +0.1%   BUY   11    4.1%    1.2%    R  11
Rus2000 Value iS  IWN  65.57  +0.2%   BUY   11    2.9%   -0.6%    R   0
DJ Sel Dividend   DVY  57.87  +0.3%   BUY   11    1.0%   -4.3%    F   4
Bank Regional HL  RKH 118.01  -0.1%   BUY   11    0.0%   -8.8%    F   4
Financial SPDR    XLF  24.87  +0.9%   BUY   11    1.3%   -5.5%    R   0
Home Const iShrs  ITB  20.09  +3.4%   BUY   11    5.8%    1.1%    R  13
Insurance iShare  IAK  42.47  +1.2%   BUY   11    0.9%   -1.5%    R  13
Internet HLDRs    HHH  55.09  +0.5%   BUY   11    3.4%    1.5%    R  13
Retail Holders    RTH  91.65  +0.8%   BUY   11    2.5%   -1.9%    R   0
Telecom iShares   IYZ  23.37  +1.3%   BUY   11    3.3%    1.4%    R  13
Singapore iShrs   EWS  12.77   0.0%   BUY   11    6.4%    5.3%    R  11
Consumer Non-Cyc  IYK  60.58  +0.3%   BUY   12    3.0%    1.8%    R  13
Consumer Stpl SP  XLP  27.86  -0.1%   BUY   12    2.6%    2.1%    R  13
Pharmacutical HL  PPH  69.74  -1.9%   BUY   12    0.6%   -2.0%    F   0
Diamonds          DIA 122.40  +0.1%   BUY   13    1.3%   -1.1%    R   0
SP100 iSh         OEF  61.35  +0.4%   BUY   13    1.7%   -1.5%    R   0
Industrial SPDR   XLI  37.40  +1.5%   BUY   13    0.2%   -0.6%    R  13
Real Estate iShr  IYR  65.10  +0.7%   BUY   13    4.8%    0.4%    R   0
Software iShares  IGV  44.82   0.0%   BUY   13    3.9%    0.3%    R  13
Utilities SPDR    XLU  37.94  +0.8%   BUY   13    0.0%   -1.0%    R   7
Semiconductor iS  IGW  49.56  +1.1%   BUY   19    3.6%   -0.5%    F   4
Nasdaq 100 Shrs  QQQQ  43.72  +0.5%   BUY   20    4.7%    2.1%    R  13
T-Bond 20+ Yr iS  TLT  95.89  +0.4%   BUY   21    3.8%    2.5%    R   3
T-Bnd 7-10 Yr iS  IEF  91.69  +0.2%   BUY   28    2.5%    1.6%    F   7
Euro Currency iS  FXE 158.29  -0.1%   BUY   39    6.9%    6.6%    R   6
Switzerland iShr  EWL  25.88  +1.1%   BUY   40    8.2%    8.2%    R   7
France iShares    EWQ  34.94  +1.3%   BUY   45    6.8%    5.8%    R   7
EMU iShares       EZU 108.80  +0.8%   BUY   46    5.2%    4.1%    R   7
Technology SPDR   XLK  22.40  -0.1%   BUY   47    0.0%   -3.7%    R  13
Intnet Arch HLDR  IAH  45.85  +0.4%   BUY   48    9.4%    5.7%    F   4
TIPS Bond iShrs   TIP 109.90  +0.2%  SELL   11    1.9%    0.5%    R   0
Crude Oil ETF     USO  81.36  -3.6%  SELL   11    1.3%   -0.1%    F   3
T-Bond 1-3 Yr iS  SHY  84.24   0.0%  SELL   12    0.5%    0.1%    F  13
Commodity iShare  GSG  57.86  -2.4%  SELL   12    0.0%   -3.1%    F   3
Gold Miners       GDX  47.70  -2.8%  SELL   12    4.9%    3.4%    F  13
Gold              GLD  90.41  -1.6%  SELL   13    6.8%    6.3%    F  13
Natural Gas       UNG  48.50  +2.1%  SELL   13    5.1%   -5.0%    R   0
Silver ETF        SLV 170.41  -4.0%  SELL   13   13.8%   12.1%    F  14
Natural Res iShr  IGE 127.72  +0.1%  SELL   14    3.5%   -0.8%    F   4
Energy SPDR       XLE  74.06  +0.9%  SELL   17    5.4%    0.7%    R   0
Oil/Gas Expl iSh  IEO  68.95  +0.7%  SELL   17    6.9%    0.8%    R   0
Brazil iShares    EWZ  77.03  +0.2%  SELL   21    4.2%    1.4%    F   4
Canada iShares    EWC  30.31  +0.2%  SELL   21    4.1%   -0.2%    F   3
Materials SPDR    XLB  40.17  -0.1%  SELL   24    3.0%   -1.8%    F   0
Intnet Infra HLD  IIH   5.36  -0.2%  SELL   26   13.1%    5.1%    F   4
Healthcare Prv    IHF  47.06  +0.1%  SELL   32   18.1%   16.8%    R   6

Average                       +0.3%         13    2.7%    0.2%        7

*****************************************************************************
PRICE MOMENTUM MODEL SIGNALS

The SWENLIN PRICE MOMENTUM MODEL is intended to catch long-term price moves.
Model Signals are mechanically generated by a 200-day exponential moving
average crossover in conjunction with a 10% price move in the opposite
direction of the current signal extreme. For example, assume that the current
signal is a BUY. If the price drops 10% from the signal high, and also drops
below the 200 DMA, a SELL Signal will be generated automatically. The
MOMENTUM MODEL SIGNALS work best when prices are trending and changing
direction smoothly. When prices are volatile, particularly in a 10% range,
results will be extremely poor. By design, these signals will always miss at
least the first 10% of a move. Rather than wait for a signal reversal, it is
best to use trend analysis and other indicators to decide when to exit a
position. New signals should alert you to the possibility that a change in
direction is taking place. Once alerted, watch price movement and other
indicators to determine an optimum entry point, if any.

SUMMARY OF PRICE MOMENTUM MODEL SIGNALS

                    ETF    ETF
                    BUY   SELL

Total Signals...:    24     58
% of Total......:   29%    71%
Ave Days Elapsed:   464    119
Ave High Profit.:  +22%   +13%
Ave Profit......:  +15%    +8%
Ave Rel to Stop.:  +10%    -8%

PRICE MOMENTUM MODEL SIGNALS

This is a list of PRICE MOMENTUM MODEL SIGNALS for the ETFs we follow.
The newest signals give notice that the trend may be in the process of
making a long-term change of direction.

THIS IS A LIST OF CANDIDATES FOR FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL THE LISTED SECURITIES.

                        03/31              Cal                        Price
                        Close      %      Days   High  Today         Rel to
Name/Symbol             Price Change Sgnl Elap    P/L    P/L   STOP    Stop
--------------------- ------- ------ ---- ---- ------ ------ ------ -------
Malaysia iShares  EWM   11.85  +1.5%  BUY    0   0.0% -12.1%  10.67  +11.1%
Singapore iShrs   EWS   12.77   0.0%  BUY    6   0.0%  -1.1%  11.62   +9.9%
Intnet Arch HLDR  IAH   45.85  +0.4%  BUY    7   0.0%  -3.4%  42.71   +7.4%
Retail Holders    RTH   91.65  +0.8%  BUY    7   0.0%  -4.3%  86.21   +6.3%
Intnet Infra HLD  IIH    5.36  -0.2%  BUY   13   2.7%  -1.8%   5.05   +6.2%
Taiwan iShares    EWT   15.85  -0.3%  BUY   38  14.5%   5.3%  15.02   +5.5%
Oil Svc HLDRs     OIH  176.80  +1.5%  BUY   41   6.2%   2.8% 164.31   +7.6%
Natural Gas       UNG   48.50  +2.1%  BUY   46  17.5%  13.7%  41.19  +17.8%
Oil/Gas Expl iSh  IEO   68.95  +0.7%  BUY   49  11.3%   6.3%  62.18  +10.9%
Materials SPDR    XLB   40.17  -0.1%  BUY   59   3.8%  -1.5%  38.11   +5.4%
Mexico iShares    EWW   59.10  +2.5%  BUY   60   7.0%   6.5%  53.44  +10.6%
Gold Miners       GDX   47.70  -2.8%  BUY   94  21.0%   2.3%  46.09   +3.5%
Silver ETF        SLV  170.41  -4.0%  BUY  196  62.3%  34.1% 153.61  +10.9%
Crude Oil ETF     USO   81.36  -3.6%  BUY  207  51.3%  41.2%  69.68  +16.8%
Brazil iShares    EWZ   77.03  +0.2%  BUY  222  55.7%  36.0%  72.25   +6.6%
Commodity iShare  GSG   57.86  -2.4%  BUY  339  47.1%  37.3%  50.85  +13.8%
Gold              GLD   90.41  -1.6%  BUY  514  59.2%  45.1%  80.94  +11.7%
T-Bond 20+ Yr iS  TLT   95.89  +0.4%  BUY  556  14.9%  13.4%  87.46   +9.6%
Euro Currency iS  FXE  158.29  -0.1%  BUY  691  24.0%  23.7% 142.85  +10.8%
TIPS Bond iShrs   TIP  109.90  +0.2%  BUY 1285  19.2%  17.5% 100.37   +9.5%
Consumer Stpl SP  XLP   27.86  -0.1%  BUY 1547  41.7%  35.3%  26.26   +6.1%
T-Bond 1-3 Yr iS  SHY   84.24   0.0%  BUY 1592  17.8%  17.5%  76.06  +10.8%
InvesTop CrpB iS  LQD  105.20  +0.3%  BUY 1778  16.2%  13.7%  96.81   +8.7%
T-Bnd 7-10 Yr iS  IEF   91.69  +0.2%  BUY 1778  23.4%  22.3%  83.28  +10.1%
Energy SPDR       XLE   74.06  +0.9% SELL   12   0.0%  -5.0%  77.55   -4.5%
Natural Res iShr  IGE  127.72  +0.1% SELL   12   0.3%  -4.2% 134.48   -5.0%
Canada iShares    EWC   30.31  +0.2% SELL   12   0.0%  -4.4%  31.92   -5.0%
Emerging Mkts iS  EEM  134.38  +0.6% SELL   21   3.5%  -2.6% 139.12   -3.4%
Medical Dev iShr  IHI   56.80  +0.5% SELL   24   2.1%  -2.5%  59.71   -4.9%
Australia iShrs   EWA   25.76  -0.1% SELL   24   2.0%  -2.1%  27.18   -5.2%
China 25 iShares  FXI  135.14  -1.3% SELL   25   9.4%   1.0% 149.28   -9.5%
Health Care SPDR  XLV   31.17  -0.5% SELL   66   7.1%   5.1%  33.93   -8.1%
Healthcare Prv    IHF   47.06  +0.1% SELL   66  19.9%  18.7%  57.28  -17.8%
Biotech iShares   IBB   75.78  +1.7% SELL   69  11.2%   3.5%  79.15   -4.3%
Utilities SPDR    XLU   37.94  +0.8% SELL   69   2.7%   1.1%  41.07   -7.6%
Consumer Non-Cyc  IYK   60.58  +0.3% SELL   73   1.8%  -2.2%  64.02   -5.4%
Germany iShares   EWG   31.51  +0.6% SELL   74   8.4%   2.6%  32.58   -3.3%
HongKong iShares  EWH   17.95  -0.4% SELL   74  12.8%   6.9%  19.03   -5.7%
Switzerland iShr  EWL   25.88  +1.1% SELL   74   3.2%  -6.3%  25.93   -0.2%
EMU iShares       EZU  108.80  +0.8% SELL   75   8.7%   1.6% 111.06   -2.0%
France iShares    EWQ   34.94  +1.3% SELL   75  10.1%   1.3%  35.61   -1.9%
SP500 LgCp Grwth  IVW   62.70  +0.5% SELL   76   7.0%   4.2%  66.91   -6.3%
EAFE Index iShrs  EFA   71.90  +0.4% SELL   80   9.1%   4.3%  75.17   -4.4%
Diamonds          DIA  122.40  +0.1% SELL   83   6.1%   2.3% 129.46   -5.5%
SP500 LgCap SPDR  SPY  131.97  +0.3% SELL   83   7.9%   4.5% 140.23   -5.9%
SP100 iSh         OEF   61.35  +0.4% SELL   83   9.0%   6.1%  65.98   -7.0%
SP400 MdCp Grwth  IJK   81.51  +0.9% SELL   83   6.9%   2.4%  85.50   -4.7%
Aerospace/Def iS  ITA   59.07  +0.2% SELL   83   8.4%   5.7%  63.17   -6.5%
Software iShares  IGV   44.82   0.0% SELL   83   9.4%   6.4%  47.75   -6.1%
Nasdaq 100 Shrs  QQQQ   43.72  +0.5% SELL   87  14.8%   9.7%  46.76   -6.5%
Broker/Dealer iS  IAI   37.26  +0.9% SELL   87  27.7%  21.3%  47.83  -22.1%
Wireless HLDRs    WMH   60.20  +0.1% SELL   87  17.3%  11.8%  65.69   -8.4%
South Korea iShr  EWY   55.79  +1.2% SELL  105  18.9%   9.1%  59.58   -6.4%
Technology SPDR   XLK   22.40  -0.1% SELL  126  13.3%  10.8%  24.39   -8.2%
SP500 LgCp Value  IVE   69.24  +0.6% SELL  131  10.1%   6.9%  75.32   -8.1%
SP400 MidCp SPDR  MDY  141.16  +0.3% SELL  131   9.1%   5.1% 149.98   -5.9%
SP400 MdCp Value  IJJ   73.03  +1.5% SELL  131   9.9%   5.7%  78.41   -6.9%
Industrial SPDR   XLI   37.40  +1.5% SELL  131   7.5%  -0.2%  37.98   -1.5%
Russell 2000 iSh  IWM   68.29  +0.1% SELL  133  13.6%   8.5%  74.43   -8.2%
Rus2000 Grwth iS  IWO   72.45  -1.4% SELL  133  15.6%  10.5%  79.33   -8.7%
United Kgdm iShr  EWU   21.56  +0.5% SELL  133  12.1%   8.1%  23.06   -6.5%
SP600 SmlCp iSh   IJR   59.93  +0.4% SELL  140  12.8%   8.1%  64.45   -7.0%
SP600 SmCp Grwth  IJT  123.64  +1.1% SELL  140  12.9%   8.0% 131.44   -5.9%
SP600 SmCp Value  IJS   65.44  +1.0% SELL  140  12.9%   7.4%  70.32   -6.9%
NDX Equal Weight QQEW   19.23  +0.9% SELL  140  14.9%  11.6%  21.05   -8.7%
Network iShares   IGN   27.24  +0.3% SELL  140  23.2%  19.4%  31.89  -14.6%
Broadband HLDRs   BDH   12.33  +1.4% SELL  143  16.4%  11.9%  14.02  -12.1%
Internet HLDRs    HHH   55.09  +0.5% SELL  144  17.0%   7.4%  57.20   -3.7%
Rus2000 Value iS  IWN   65.57  +0.2% SELL  145  14.3%   9.2%  71.57   -8.4%
Insurance iShare  IAK   42.47  +1.2% SELL  145  17.8%  13.4%  48.48  -12.4%
Real Estate iShr  IYR   65.10  +0.7% SELL  147  17.8%   9.3%  69.88   -6.8%
Bank Regional HL  RKH  118.01  -0.1% SELL  150  15.6%  11.6% 133.26  -11.4%
Financial SPDR    XLF   24.87  +0.9% SELL  151  26.3%  21.1%  29.73  -16.3%
Japan iShares     EWJ   12.37  -0.7% SELL  227  14.3%   8.1%  13.20   -6.3%
SP500 Equal Wght  RSP   42.81  +0.2% SELL  229  11.4%   8.2%  46.39   -7.7%
Semiconductor iS  IGW   49.56  +1.1% SELL  229  22.8%  21.1%  57.70  -14.1%
Telecom iShares   IYZ   23.37  +1.3% SELL  229  29.2%  25.5%  28.28  -17.4%
Consumer iShares  IYC   57.54  +1.1% SELL  230  14.6%  11.2%  62.78   -8.3%
Consumer Disc SP  XLY   30.72  +0.6% SELL  234  18.1%  14.6%  33.81   -9.1%
DJ Sel Dividend   DVY   57.87  +0.3% SELL  248  16.3%  14.6%  65.07  -11.1%
Pharmacutical HL  PPH   69.74  -1.9% SELL  248   9.0%   7.8%  76.42   -8.7%
Home Const iShrs  ITB   20.09  +3.4% SELL  398  64.5%  49.1%  22.39  -10.3%

Average                        +0.3%       220  15.3%   9.8%          -2.6%

****************************************************************************
SHORT-TERM (PMO) and LONG-TERM (PMM) SIGNAL COMPARISONS

The Price Momentum Model (PMM) signal provides guidance regarding the
longer-term trend, and the Price Momentum Oscillator (PMO) signals identify
the shorter-term trend. A logical trading methodology is to open positions
on new PMO signals when they are compatable with the PMM signals. Positions
may be closed or hedged when the PMM and PMO signals are in conflict.

This section compares the PMM and PMO signals side by side and provides
some mechanical analysis. A "Warn!" flag is an alert that the PMO signal is
in conflict with the PMM -- closing or hedging the PMM position may be
considered. A "Buy?" or "Sell?" flag is an alert that the PMO signal has
just changed and is the same as the PMM signal -- opening new PMM positions
may be considered.

SUMMARY OF SHORT-TERM AND LONG-TERM SIGNALS FOR ETF

                       SHORT-TERM                   LONG-TERM
                       PMO    PMO                  PMM    PMM
                       BUY   SELL                  BUY   SELL

Total Signals...:       66     16                   24     58
% of Total......:      80%    20%                  29%    71%
Ave Days Elapsed:       13     17                  464    119
Ave High Profit.:      +2%    +6%                 +22%   +13%
Ave Profit......:       0%    +2%                 +15%    +8%
Ave Rel to Stop.:                                 +10%    -8%

Percentage of PMOs Rising ..........:  76%
Percentage of PMOs Above Zero.......:  35%

                     |-- PMO Crossover Model ---|-- Price Momentum Model --|
                     |  PMO        High   Today |  PMM         High   Today|
Name             Flag| Sgnl Day     P/L     P/L | Sgnl Days     P/L     P/L|
--------------- -----| ---- --- ------- ------- | ---- ---- ------- -------|
Diamonds        Warn!   BUY  13   +1.3%   -1.1%   SELL   83   +6.1%   +2.3%
Nasdaq 100 Shr  Warn!   BUY  20   +4.7%   +2.1%   SELL   87  +14.8%   +9.7%
SP500 LgCap SP  Warn!   BUY  11   +2.1%   -0.1%   SELL   83   +7.9%   +4.5%
SP100 iSh       Warn!   BUY  13   +1.7%   -1.5%   SELL   83   +9.0%   +6.1%
SP500 LgCp Grw  Warn!   BUY  11   +2.0%   +0.4%   SELL   76   +7.0%   +4.2%
SP500 LgCp Val  Warn!   BUY  11   +1.4%   -2.3%   SELL  131  +10.1%   +6.9%
SP400 MidCp SP  Warn!   BUY   6    0.0%   -2.0%   SELL  131   +9.1%   +5.1%
SP400 MdCp Grw  Warn!   BUY   6    0.0%   -1.8%   SELL   83   +6.9%   +2.4%
SP400 MdCp Val  Warn!   BUY   7   +0.8%   -1.1%   SELL  131   +9.9%   +5.7%
SP600 SmlCp iS  Warn!   BUY   7   +0.4%   -2.6%   SELL  140  +12.8%   +8.1%
SP600 SmCp Grw  Warn!   BUY   7   +0.5%   -1.3%   SELL  140  +12.9%   +8.0%
SP600 SmCp Val  Warn!   BUY  11   +2.9%   -0.1%   SELL  140  +12.9%   +7.4%
Russell 2000 i  Warn!   BUY  11   +4.1%   +1.2%   SELL  133  +13.6%   +8.5%
Rus2000 Grwth   Warn!   BUY   7   +0.9%   -2.4%   SELL  133  +15.6%  +10.5%
Rus2000 Value   Warn!   BUY  11   +2.9%   -0.6%   SELL  145  +14.3%   +9.2%
SP500 Equal Wg  Warn!   BUY   7   +0.5%   -2.9%   SELL  229  +11.4%   +8.2%
NDX Equal Weig  Warn!   BUY   7   +0.4%   -2.9%   SELL  140  +14.9%  +11.6%
DJ Sel Dividen  Warn!   BUY  11   +1.0%   -4.3%   SELL  248  +16.3%  +14.7%
InvesTop CrpB           BUY   7   +0.8%   +0.8%    BUY 1778  +16.2%  +13.7%
T-Bond 1-3 Yr   Warn!  SELL  12   +0.5%   +0.1%    BUY 1592  +17.9%  +17.5%
T-Bnd 7-10 Yr           BUY  28   +2.5%   +1.6%    BUY 1778  +23.4%  +22.3%
T-Bond 20+ Yr           BUY  21   +3.8%   +2.5%    BUY  556  +14.9%  +13.4%
TIPS Bond iShr  Warn!  SELL  11   +1.9%   +0.5%    BUY 1285  +19.2%  +17.5%
Aerospace/Def   Warn!   BUY   6    0.0%   -1.2%   SELL   83   +8.4%   +5.7%
Bank Regional   Warn!   BUY  11    0.0%   -8.8%   SELL  150  +15.6%  +11.6%
Biotech iShare  Warn!   BUY   7   +0.9%   +0.9%   SELL   69  +11.2%   +3.5%
Broker/Dealer   Warn!   BUY   6    0.0%   -7.5%   SELL   87  +27.7%  +21.3%
Broadband HLDR  Warn!   BUY   6    0.0%   -1.8%   SELL  143  +16.4%  +11.9%
Commodity iSha  Warn!  SELL  12    0.0%   -3.1%    BUY  339  +47.1%  +37.3%
Consumer Disc   Warn!   BUY   7    0.0%   -4.9%   SELL  234  +18.1%  +14.6%
Consumer iShar  Warn!   BUY   7    0.0%   -4.2%   SELL  230  +14.6%  +11.2%
Consumer Non-C  Warn!   BUY  12   +3.0%   +1.9%   SELL   73   +1.8%   -2.2%
Consumer Stpl           BUY  12   +2.6%   +2.1%    BUY 1547  +41.7%  +35.3%
Crude Oil ETF   Warn!  SELL  11   +1.3%   -0.1%    BUY  207  +51.3%  +41.2%
Energy SPDR            SELL  17   +5.4%   +0.7%   SELL   12    0.0%   -5.1%
Financial SPDR  Warn!   BUY  11   +1.3%   -5.5%   SELL  151  +26.3%  +21.2%
Gold            Warn!  SELL  13   +6.8%   +6.3%    BUY  514  +59.2%  +45.1%
Gold Miners     Warn!  SELL  12   +4.9%   +3.4%    BUY   94  +21.0%   +2.3%
Health Care SP  Warn!   BUY   6    0.0%   -1.2%   SELL   66   +7.1%   +5.1%
Healthcare Prv         SELL  32  +18.1%  +16.8%   SELL   66  +19.9%  +18.7%
Home Const iSh  Warn!   BUY  11   +5.8%   +1.1%   SELL  398  +64.5%  +49.1%
Industrial SPD  Warn!   BUY  13   +0.2%   -0.6%   SELL  131   +7.5%   -0.2%
Insurance iSha  Warn!   BUY  11   +0.9%   -1.5%   SELL  145  +17.8%  +13.4%
Internet HLDRs  Warn!   BUY  11   +3.4%   +1.5%   SELL  144  +17.0%   +7.4%
Intnet Arch HL          BUY  48   +9.4%   +5.7%    BUY    7    0.0%   -3.4%
Intnet Infra H  Warn!  SELL  26  +13.1%   +5.1%    BUY   13   +2.8%   -1.8%
Materials SPDR  Warn!  SELL  24   +3.0%   -1.8%    BUY   59   +3.8%   -1.5%
Medical Dev iS  Warn!   BUY   6    0.0%   -0.5%   SELL   24   +2.1%   -2.5%
Natural Gas     Warn!  SELL  13   +5.1%   -5.0%    BUY   46  +17.5%  +13.7%
Natural Res iS         SELL  14   +3.5%   -0.8%   SELL   12   +0.3%   -4.2%
Network iShare  Warn!   BUY   7   +1.4%   -2.6%   SELL  140  +23.3%  +19.4%
Oil Svc HLDRs           BUY   3   +1.5%   +1.5%    BUY   41   +6.2%   +2.8%
Oil/Gas Expl i  Warn!  SELL  17   +6.9%   +0.8%    BUY   49  +11.3%   +6.3%
Pharmacutical   Warn!   BUY  12   +0.6%   -2.0%   SELL  248   +9.0%   +7.8%
Real Estate iS  Warn!   BUY  13   +4.8%   +0.4%   SELL  147  +17.8%   +9.3%
Retail Holders          BUY  11   +2.5%   -1.9%    BUY    7    0.0%   -4.3%
Semiconductor   Warn!   BUY  19   +3.6%   -0.5%   SELL  229  +22.8%  +21.1%
Silver ETF      Warn!  SELL  13  +13.8%  +12.1%    BUY  196  +62.3%  +34.1%
Software iShar  Warn!   BUY  13   +3.9%   +0.3%   SELL   83   +9.4%   +6.4%
Technology SPD  Warn!   BUY  47    0.0%   -3.7%   SELL  126  +13.3%  +10.8%
Telecom iShare  Warn!   BUY  11   +3.3%   +1.4%   SELL  229  +29.2%  +25.5%
Utilities SPDR  Warn!   BUY  13    0.0%   -1.0%   SELL   69   +2.7%   +1.1%
Wireless HLDRs  Warn!   BUY   6   +0.2%   -0.9%   SELL   87  +17.3%  +11.8%
Australia iShr  Warn!   BUY   5    0.0%   -1.0%   SELL   24   +2.0%   -2.1%
Brazil iShares  Warn!  SELL  21   +4.2%   +1.4%    BUY  222  +55.8%  +36.0%
China 25 iShar  Warn!   BUY   3    0.0%   -1.3%   SELL   25   +9.4%   +1.0%
Canada iShares         SELL  21   +4.1%   -0.2%   SELL   12    0.0%   -4.5%
EAFE Index iSh  Warn!   BUY   7   +1.7%   +1.7%   SELL   80   +9.1%   +4.3%
Emerging Mkts   Warn!   BUY   3   +0.6%   +0.6%   SELL   21   +3.5%   -2.6%
EMU iShares     Warn!   BUY  46   +5.2%   +4.1%   SELL   75   +8.7%   +1.6%
Euro Currency           BUY  39   +6.9%   +6.6%    BUY  691  +24.0%  +23.7%
France iShares  Warn!   BUY  45   +6.8%   +5.8%   SELL   75  +10.1%   +1.3%
Germany iShare  Warn!   BUY   7   +1.8%   +1.8%   SELL   74   +8.4%   +2.6%
HongKong iShar  Warn!   BUY   6   +1.4%   +1.0%   SELL   74  +12.8%   +6.9%
Japan iShares   Warn!   BUY   7   +1.1%   -0.4%   SELL  227  +14.3%   +8.1%
Malaysia iShar          BUY   4   +1.5%   +1.5%  * BUY    0    0.0%  -12.1%
Mexico iShares          BUY   6   +1.9%   +1.9%    BUY   60   +7.1%   +6.5%
Singapore iShr          BUY  11   +6.4%   +5.3%    BUY    6    0.0%   -1.1%
South Korea iS  Warn!   BUY   5   +1.1%   +1.1%   SELL  105  +18.9%   +9.1%
Switzerland iS  Warn!   BUY  40   +8.2%   +8.2%   SELL   74   +3.2%   -6.3%
Taiwan iShares          BUY   7    0.0%   -8.0%    BUY   38  +14.5%   +5.3%
United Kgdm iS  Warn!   BUY   5    0.0%   -0.3%   SELL  133  +12.1%   +8.1%

Average                      13   +2.7%   +0.2%         220  +15.3%   +9.8%

*****************************************************************************
EXPLANATION OF TABLE HEADINGS

Close Price: The last price at which the security traded today.

% Change: Percentage that price has changed from prior day's close.

PMO Rank: Shows the rank of the PMO in relation to the other securities
in the list.

5 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 5 days.

15 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 15 days.

YTD Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) since the beginning of the year.

Signl: The signal designations of BUY and SELL indicate the current
direction of momentum and are not an indication that continuous buying or
selling should take place. Signals that are a few days or weeks old give the
best indication that profitable action MIGHT be taken.

Signal Flag: When the PMO signal disagrees with the PMM signal, the flag
will be "Warn!" On the day the PMO signal changes back into agreement
with the PMM signal, the flag will remind that new positions may be
considered by indicating "Buy?" or "Sell?"

Cal Days Elap: Indicates the number of calendar days that have elapsed since
the current signal was initiated.

High P/L: Highest profit or least loss experienced since the current signal
was initiated.  On the first day of a new signal the P/L displayed is the
closing P/L for the prior signal.

Today P/L: Profit or loss for the signal since it was initiated. On the
first day of a new signal the P/L displayed is the closing P/L for the prior
signal.

STOP: The price at which the mechanical PMM signal will reverse.

Price Rel to Stop: This column shows the relationship of the current price
to the price at which the signal will change. (i.e. +5.3% means the current
price is 5.3% above the signal change price.

PMO R/F Days: The direction of the PMO (rising/falling) and number of
calendar days trend has been effect.

The Hot/Cold grouping ranks securities/indexes into six (6) groups ranging
from 1 (Hot) to 6 (Cold) according to price strength, internal strength,
and relative strength. We can quickly assess the condition of these
elements by the group number and "blinker" fields. Moving from left to
right: The first blinker tells us if the PMO is above (+) or below (-) its
10-day exponential moving average (EMA). The second blinker indicates if
the closing price is above (+) or below (-) it's 20-DMA. The third and
fourth blinkers tell us if the PMO is rising (+) or falling (-), and if it
is above (+) or below (-) zero. The fifth blinker tells us if the 5-day PMO
rank change is positive (+), negative (-), or no change ( ). Groups 1-3
should be considered as buy candidates, 4-6 as sell candidates.


CAVEAT

We make every effort to insure the accuracy of this information, but we
cannot guarantee it. It is always possible that errors will creep in. If it
doesn't make sense, let us know about it. Also, we make every effort to upload
this data each market day, but circumstances may be such that it is not
possible due to circumstances beyond our control.

End of Daily ETF Tracker Report for Monday 3/31/2008

Copyright 2008 Decision Point. This publication is not to be summarized,
reproduced, or rebroadcast in any fashion without our written permission.
Nothing herein should be construed as an offer or solicitation to buy or
sell any security. Past performance does not guarantee or imply future
results.
 
   
   
   
   
 

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