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[About This Newsletter]
DECISION POINT
ETF TRACKER DAILY REPORT
Thursday, 5/31/2012

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The Decision Point ETF Tracker 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.
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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

                      05/31                              WTD     MTD     YTD
                      Close       $      %    Volume  %Price  %Price  %Price
Name             Sym  Price  Change Change    X 1000  Change  Change  Change
---------------- ---- ------ ------ ------ ---------  ------  ------  ------
DJIA              DIA 123.70  -0.29  -0.2%    7712.1   -0.5%   -5.8%     +3%
SP500 Large-Cap   SPY 131.47  -0.29  -0.2%  195148.4   -0.5%   -6.0%     +5%
SP500 Equal Wght  RSP  47.88  -0.16  -0.3%     659.7   -1.0%   -7.0%     +4%
Nasdaq 100        QQQ  62.06  -0.27  -0.4%   55193.3    0.0%   -7.0%    +11%
NDX Equal Weight QQEW  24.18  -0.23  -0.9%      13.6   -1.4%   -8.7%     +5%
SP100             OEF  60.08  -0.06  -0.1%     382.6   -0.1%   -5.6%     +6%
SP400 Mid-Cap     MDY 168.57  -0.44  -0.3%    2526.7   -1.0%   -6.5%     +6%
SP600 Small-Cap   IJR  70.56  -0.20  -0.3%    2792.7   -0.8%   -6.3%     +4%
Russell 2000      IWM  76.11  -0.10  -0.1%   59439.5   -0.6%   -6.6%     +4%
DJ Transports     IYT  91.24  +0.89  +1.0%     308.1   +0.2%   -2.1%     +2%
DJ Sel Dividend   DVY  54.90  +0.14  +0.3%    1011.0   -0.1%   -3.2%     +3%
InvesTop CrpB     LQD 116.97  +0.82  +0.7%    4623.0   +0.9%   +0.8%     +4%
Muni Bonds        MUB 111.13  +0.19  +0.2%     183.5   +0.3%   +1.2%     +4%
T-Bond 1-3 Yr     SHY  84.48  +0.03   0.0%    3737.5   +0.1%   +0.1%      0%
T-Bond 3-7 Yr     IEI 123.35  +0.19  +0.2%    1803.7   +0.5%   +0.8%     +1%
T-Bnd 7-10 Yr     IEF 108.55  +0.42  +0.4%    2994.3   +1.3%   +2.9%     +4%
T-Bond 20+ Yr     TLT 127.60  +1.46  +1.2%   31173.8   +3.4%   +9.0%     +6%
TIPS Bonds        TIP 121.31  +0.58  +0.5%    1411.2   +0.8%   +1.9%     +5%
High Yield Bond   JNK  38.11  -0.41  -1.1%   18425.9   -0.7%   -3.5%     +1%
Aerospace/Defenc  ITA  61.78  -0.24  -0.4%    8210.0   +0.1%   -7.6%     +1%
Airlines          FAA  31.07  +0.70  +2.3%      12.9   +3.3%   +4.0%    +18%
Agribusiness      MOO  46.80  -0.23  -0.5%    1929.4    0.0%  -10.2%     -1%
Bank Regional     KRE  26.63  +0.12  +0.5%    2689.8   -0.8%   -5.1%     +9%
Biotech           IBB 123.21  -1.19  -1.0%     952.8   -1.6%   -1.7%    +18%
Broker/Dealer     IAI  21.05  +0.03  +0.1%      38.2   -0.2%  -10.7%     +1%
Coal              KOL  24.77  -0.60  -2.4%     372.9   -2.0%  -21.4%    -23%
Commodity         GSG  30.23  -0.18  -0.6%     723.7   -3.2%  -12.8%     -8%
Consumer Discrec  XLY  43.10  -0.09  -0.2%    9867.7   -0.4%   -5.5%    +11%
Consumer Staples  XLP  33.78  -0.07  -0.2%    5125.3   -0.3%   -1.2%     +5%
Copper            JJC  42.82  -0.25  -0.6%     172.2   -2.6%  -12.8%     -3%
Crude Oil         USO  32.61  -0.41  -1.2%   10902.8   -4.7%  -17.8%    -14%
Energy            XLE  63.63  -0.56  -0.9%   26682.8   -2.3%  -10.7%     -8%
Financial         XLF  14.01  +0.12  +0.9%   89059.2   -0.1%   -9.2%     +8%
Gold              GLD 151.62  -0.29  -0.2%   10113.0   -0.7%   -6.3%      0%
Gold Miners       GDX  43.78  -0.46  -1.0%   15588.2   -2.5%   -5.6%    -15%
Health Care       XLV  36.15  -0.18  -0.5%    4766.3   -0.7%   -3.6%     +5%
Healthcare Provd  IHF  60.96  -0.46  -0.7%      16.5   -1.0%   -4.9%     +4%
Home Builders     XHB  20.71  -0.06  -0.3%   11099.8   -1.6%   -3.7%    +21%
Industrial        XLI  34.67  -0.13  -0.4%   17817.8   -0.7%   -6.3%     +3%
Insurance         KIE  39.59  +0.18  +0.5%     146.4   -0.3%   -5.9%     +7%
Internet          FDN  34.24  -0.11  -0.3%      54.8   -1.2%   -7.0%     +6%
Materials         XLB  33.82  -0.14  -0.4%    9935.9   -0.5%   -7.8%     +1%
Medical Devices   IHI  62.68  -0.39  -0.6%      18.5   -1.6%   -6.6%     +7%
Metals & Mining   XME  39.40  -1.04  -2.6%    3927.5   -3.6%  -18.7%    -19%
Natural Gas       UNG  16.79  -0.12  -0.7%   16325.1   -7.7%   +2.3%    -35%
Natural Resourcs  IGE  34.16  -0.36  -1.0%     286.1   -2.5%  -12.0%    -10%
Network           IGN  25.28  -0.02  -0.1%      16.9   -0.1%  -13.5%     -8%
Oil Service       XES  30.59  -0.60  -1.9%     594.2   -3.4%  -13.6%    -12%
Oil/Gas Explortn  IEO  55.41  -0.46  -0.8%     240.9   -2.1%  -14.1%    -10%
Palladium        PALL  60.31  +0.29  +0.5%      47.8   +3.5%  -10.5%     -7%
Pharmacutical     XPH  55.61  -0.36  -0.6%     108.6   -1.1%   -4.2%     +9%
Rare Earth Metal REMX  13.49  -0.06  -0.4%      88.6   +1.7%  -16.7%    -10%
Real Estate       IYR  61.22  +0.38  +0.6%    7651.0   -0.4%   -4.2%     +9%
Retail            XRT  58.41  -0.33  -0.6%    6631.4   -1.7%   -5.4%    +11%
Semiconductor    SOXX  50.22  -0.53  -1.0%     372.4   -0.3%  -10.5%     +2%
Silver            SLV  26.96  -0.16  -0.6%    9789.9   -2.4%  -10.5%      0%
Software          IGV  59.47  -0.35  -0.6%      54.2   -1.6%   -8.3%    +10%
Sugar             SGG  72.34  +0.04  +0.1%       3.4   -0.6%   -7.9%    -12%
Steel             SLX  41.95  -0.73  -1.7%     158.1   -2.1%  -18.9%    -12%
Technology        XLK  27.93  -0.13  -0.5%   11889.5   +0.2%   -6.3%    +10%
Telecom           IYZ  21.21  +0.11  +0.5%    1193.1   +0.5%   -3.2%     +1%
Uranium           URA   7.13  -0.07  -1.0%     132.8   -0.7%  -20.2%    -13%
Utilities         XLU  35.86  +0.19  +0.5%    6015.8   +0.2%   +0.6%     +1%
Australian Doll   FXA  97.73  +0.33  +0.3%     387.8   -0.1%   -6.2%     -3%
British Pound     FXB 152.68  -0.69  -0.4%      52.3   -1.6%   -5.1%     -1%
Canadian Dollar   FXC  96.27  -0.36  -0.4%     107.6   -0.3%   -4.4%     -1%
Chinese Yuan      CYB  25.11  -0.05  -0.2%     126.9   -0.4%   -1.0%      0%
Euro Currency     FXE 123.03  -0.03   0.0%    1421.1   -1.2%   -6.6%     -5%
Japanese Yen      FXY 125.43  +1.14  +0.9%     420.5   +1.7%   +1.8%     -2%
Swiss Franc       FXF 101.48  -0.05   0.0%      84.2   -1.2%   -6.6%     -3%
US Dollar Index   UUP  22.99  +0.01   0.0%    3406.6   +0.7%   +5.4%     +2%
Australia         EWA  20.76  +0.11  +0.5%    2518.1   +0.9%  -12.9%     -3%
Brazil            EWZ  52.04  +0.50  +1.0%   20340.8   -0.2%  -13.6%     -9%
China 25          FXI  33.49  +0.20  +0.6%   17260.2   +2.8%  -11.7%     -4%
Canada            EWC  25.32  +0.06  +0.2%    2854.9   -0.9%  -10.7%     -5%
EAFE Index        EFA  47.76  +0.20  +0.4%   38659.6   -0.7%  -11.1%     -4%
Emerging Markets  EEM  37.70  +0.16  +0.4%   66498.9   +1.5%  -10.7%     -1%
Emer Mk Asia/Pac  GMF  66.42  +0.10  +0.2%     199.9   +1.6%   -9.4%     +1%
Emer Mk Latin Am  GML  66.25  +0.41  +0.6%       8.4   -0.2%  -12.9%     -4%
Emer Mk Mid-East  GAF  64.87  +1.03  +1.6%      16.6   +0.3%   -8.9%     +3%
Emer Mk Sov Debt  PCY  27.70  +0.02  +0.1%     689.2   +0.3%   -2.3%     +4%
EMU               EZU  25.94  +0.09  +0.3%     300.4   -2.0%  -12.9%     -7%
France            EWQ  18.56  +0.15  +0.8%     642.0   -0.9%  -10.4%     -5%
Germany           EWG  19.49  -0.02  -0.1%    3403.6   -1.7%  -13.5%     +1%
HongKong          EWH  15.92  -0.02  -0.1%    3356.9   +1.0%   -9.3%     +3%
India             EPI  15.83  +0.04  +0.3%    3123.3   -1.1%  -13.6%     +2%
Indonesia         IDX  25.31  -0.32  -1.2%     593.8   +0.2%  -14.4%    -11%
Japan             EWJ   8.89  +0.09  +1.0%   10640.8   +0.9%   -8.7%     -2%
Malaysia          EWM  13.88  -0.01  -0.1%    2497.7   +1.5%   -4.3%     +4%
Mexico            EWW  54.48  -1.13  -2.0%    7433.8   -1.0%  -11.9%     +1%
Russia            RSX  23.93  -0.22  -0.9%    5925.0   -0.7%  -20.1%    -10%
Singapore         EWS  11.65   0.00   0.0%    2864.0   +0.1%  -10.4%     +8%
South Africa      EZA  62.27  +1.04  +1.7%     350.3   +0.5%   -9.2%     +2%
South Korea       EWY  52.62  +0.35  +0.7%    1690.8   +1.8%  -11.2%     +1%
Switzerland       EWL  22.25  -0.07  -0.3%     510.7   -1.1%  -10.4%     -2%
Taiwan            EWT  12.07  +0.07  +0.6%    7125.1   +2.4%   -5.7%     +3%
Thailand          THD  66.35  +0.43  +0.7%     281.3   +0.9%  -12.0%    +10%
Turkey            TUR  46.22  +0.45  +1.0%     553.9   +1.6%  -10.8%    +12%
United Kingdom    EWU  15.55  +0.06  +0.4%    1996.5   -1.5%  -11.4%     -4%

Average                              -0.1%             -0.5%   -7.6%      0%

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ETFs SORTED BY TODAY'S PERCENTAGE CHANGE

                      05/31                              WTD     MTD     YTD
                      Close       $      %    Volume  %Price  %Price  %Price
Name             Sym  Price  Change Change    X 1000  Change  Change  Change
---------------- ---- ------ ------ ------ ---------  ------  ------  ------
Airlines          FAA  31.07  +0.70  +2.3%      12.9   +3.3%   +4.0%    +18%
South Africa      EZA  62.27  +1.04  +1.7%     350.3   +0.5%   -9.2%     +2%
Emer Mk Mid-East  GAF  64.87  +1.03  +1.6%      16.6   +0.3%   -8.9%     +3%
T-Bond 20+ Yr     TLT 127.60  +1.46  +1.2%   31173.8   +3.4%   +9.0%     +6%
DJ Transports     IYT  91.24  +0.89  +1.0%     308.1   +0.2%   -2.1%     +2%
Brazil            EWZ  52.04  +0.50  +1.0%   20340.8   -0.2%  -13.6%     -9%
Japan             EWJ   8.89  +0.09  +1.0%   10640.8   +0.9%   -8.7%     -2%
Turkey            TUR  46.22  +0.45  +1.0%     553.9   +1.6%  -10.8%    +12%
Financial         XLF  14.01  +0.12  +0.9%   89059.2   -0.1%   -9.2%     +8%
Japanese Yen      FXY 125.43  +1.14  +0.9%     420.5   +1.7%   +1.8%     -2%
France            EWQ  18.56  +0.15  +0.8%     642.0   -0.9%  -10.4%     -5%
InvesTop CrpB     LQD 116.97  +0.82  +0.7%    4623.0   +0.9%   +0.8%     +4%
South Korea       EWY  52.62  +0.35  +0.7%    1690.8   +1.8%  -11.2%     +1%
Thailand          THD  66.35  +0.43  +0.7%     281.3   +0.9%  -12.0%    +10%
Real Estate       IYR  61.22  +0.38  +0.6%    7651.0   -0.4%   -4.2%     +9%
China 25          FXI  33.49  +0.20  +0.6%   17260.2   +2.8%  -11.7%     -4%
Emer Mk Latin Am  GML  66.25  +0.41  +0.6%       8.4   -0.2%  -12.9%     -4%
Taiwan            EWT  12.07  +0.07  +0.6%    7125.1   +2.4%   -5.7%     +3%
TIPS Bonds        TIP 121.31  +0.58  +0.5%    1411.2   +0.8%   +1.9%     +5%
Bank Regional     KRE  26.63  +0.12  +0.5%    2689.8   -0.8%   -5.1%     +9%
Insurance         KIE  39.59  +0.18  +0.5%     146.4   -0.3%   -5.9%     +7%
Palladium        PALL  60.31  +0.29  +0.5%      47.8   +3.5%  -10.5%     -7%
Telecom           IYZ  21.21  +0.11  +0.5%    1193.1   +0.5%   -3.2%     +1%
Utilities         XLU  35.86  +0.19  +0.5%    6015.8   +0.2%   +0.6%     +1%
Australia         EWA  20.76  +0.11  +0.5%    2518.1   +0.9%  -12.9%     -3%
T-Bnd 7-10 Yr     IEF 108.55  +0.42  +0.4%    2994.3   +1.3%   +2.9%     +4%
EAFE Index        EFA  47.76  +0.20  +0.4%   38659.6   -0.7%  -11.1%     -4%
Emerging Markets  EEM  37.70  +0.16  +0.4%   66498.9   +1.5%  -10.7%     -1%
United Kingdom    EWU  15.55  +0.06  +0.4%    1996.5   -1.5%  -11.4%     -4%
DJ Sel Dividend   DVY  54.90  +0.14  +0.3%    1011.0   -0.1%   -3.2%     +3%
Australian Doll   FXA  97.73  +0.33  +0.3%     387.8   -0.1%   -6.2%     -3%
EMU               EZU  25.94  +0.09  +0.3%     300.4   -2.0%  -12.9%     -7%
India             EPI  15.83  +0.04  +0.3%    3123.3   -1.1%  -13.6%     +2%
Muni Bonds        MUB 111.13  +0.19  +0.2%     183.5   +0.3%   +1.2%     +4%
T-Bond 3-7 Yr     IEI 123.35  +0.19  +0.2%    1803.7   +0.5%   +0.8%     +1%
Canada            EWC  25.32  +0.06  +0.2%    2854.9   -0.9%  -10.7%     -5%
Emer Mk Asia/Pac  GMF  66.42  +0.10  +0.2%     199.9   +1.6%   -9.4%     +1%
Broker/Dealer     IAI  21.05  +0.03  +0.1%      38.2   -0.2%  -10.7%     +1%
Sugar             SGG  72.34  +0.04  +0.1%       3.4   -0.6%   -7.9%    -12%
Emer Mk Sov Debt  PCY  27.70  +0.02  +0.1%     689.2   +0.3%   -2.3%     +4%
T-Bond 1-3 Yr     SHY  84.48  +0.03   0.0%    3737.5   +0.1%   +0.1%      0%
Euro Currency     FXE 123.03  -0.03   0.0%    1421.1   -1.2%   -6.6%     -5%
Swiss Franc       FXF 101.48  -0.05   0.0%      84.2   -1.2%   -6.6%     -3%
US Dollar Index   UUP  22.99  +0.01   0.0%    3406.6   +0.7%   +5.4%     +2%
Singapore         EWS  11.65   0.00   0.0%    2864.0   +0.1%  -10.4%     +8%
SP100             OEF  60.08  -0.06  -0.1%     382.6   -0.1%   -5.6%     +6%
Russell 2000      IWM  76.11  -0.10  -0.1%   59439.5   -0.6%   -6.6%     +4%
Network           IGN  25.28  -0.02  -0.1%      16.9   -0.1%  -13.5%     -8%
Germany           EWG  19.49  -0.02  -0.1%    3403.6   -1.7%  -13.5%     +1%
HongKong          EWH  15.92  -0.02  -0.1%    3356.9   +1.0%   -9.3%     +3%
Malaysia          EWM  13.88  -0.01  -0.1%    2497.7   +1.5%   -4.3%     +4%
DJIA              DIA 123.70  -0.29  -0.2%    7712.1   -0.5%   -5.8%     +3%
SP500 Large-Cap   SPY 131.47  -0.29  -0.2%  195148.4   -0.5%   -6.0%     +5%
Consumer Discrec  XLY  43.10  -0.09  -0.2%    9867.7   -0.4%   -5.5%    +11%
Consumer Staples  XLP  33.78  -0.07  -0.2%    5125.3   -0.3%   -1.2%     +5%
Gold              GLD 151.62  -0.29  -0.2%   10113.0   -0.7%   -6.3%      0%
Chinese Yuan      CYB  25.11  -0.05  -0.2%     126.9   -0.4%   -1.0%      0%
SP500 Equal Wght  RSP  47.88  -0.16  -0.3%     659.7   -1.0%   -7.0%     +4%
SP400 Mid-Cap     MDY 168.57  -0.44  -0.3%    2526.7   -1.0%   -6.5%     +6%
SP600 Small-Cap   IJR  70.56  -0.20  -0.3%    2792.7   -0.8%   -6.3%     +4%
Home Builders     XHB  20.71  -0.06  -0.3%   11099.8   -1.6%   -3.7%    +21%
Internet          FDN  34.24  -0.11  -0.3%      54.8   -1.2%   -7.0%     +6%
Switzerland       EWL  22.25  -0.07  -0.3%     510.7   -1.1%  -10.4%     -2%
Nasdaq 100        QQQ  62.06  -0.27  -0.4%   55193.3    0.0%   -7.0%    +11%
Aerospace/Defenc  ITA  61.78  -0.24  -0.4%    8210.0   +0.1%   -7.6%     +1%
Industrial        XLI  34.67  -0.13  -0.4%   17817.8   -0.7%   -6.3%     +3%
Materials         XLB  33.82  -0.14  -0.4%    9935.9   -0.5%   -7.8%     +1%
Rare Earth Metal REMX  13.49  -0.06  -0.4%      88.6   +1.7%  -16.7%    -10%
British Pound     FXB 152.68  -0.69  -0.4%      52.3   -1.6%   -5.1%     -1%
Canadian Dollar   FXC  96.27  -0.36  -0.4%     107.6   -0.3%   -4.4%     -1%
Agribusiness      MOO  46.80  -0.23  -0.5%    1929.4    0.0%  -10.2%     -1%
Health Care       XLV  36.15  -0.18  -0.5%    4766.3   -0.7%   -3.6%     +5%
Technology        XLK  27.93  -0.13  -0.5%   11889.5   +0.2%   -6.3%    +10%
Commodity         GSG  30.23  -0.18  -0.6%     723.7   -3.2%  -12.8%     -8%
Copper            JJC  42.82  -0.25  -0.6%     172.2   -2.6%  -12.8%     -3%
Medical Devices   IHI  62.68  -0.39  -0.6%      18.5   -1.6%   -6.6%     +7%
Pharmacutical     XPH  55.61  -0.36  -0.6%     108.6   -1.1%   -4.2%     +9%
Retail            XRT  58.41  -0.33  -0.6%    6631.4   -1.7%   -5.4%    +11%
Silver            SLV  26.96  -0.16  -0.6%    9789.9   -2.4%  -10.5%      0%
Software          IGV  59.47  -0.35  -0.6%      54.2   -1.6%   -8.3%    +10%
Healthcare Provd  IHF  60.96  -0.46  -0.7%      16.5   -1.0%   -4.9%     +4%
Natural Gas       UNG  16.79  -0.12  -0.7%   16325.1   -7.7%   +2.3%    -35%
Oil/Gas Explortn  IEO  55.41  -0.46  -0.8%     240.9   -2.1%  -14.1%    -10%
NDX Equal Weight QQEW  24.18  -0.23  -0.9%      13.6   -1.4%   -8.7%     +5%
Energy            XLE  63.63  -0.56  -0.9%   26682.8   -2.3%  -10.7%     -8%
Russia            RSX  23.93  -0.22  -0.9%    5925.0   -0.7%  -20.1%    -10%
Biotech           IBB 123.21  -1.19  -1.0%     952.8   -1.6%   -1.7%    +18%
Gold Miners       GDX  43.78  -0.46  -1.0%   15588.2   -2.5%   -5.6%    -15%
Natural Resourcs  IGE  34.16  -0.36  -1.0%     286.1   -2.5%  -12.0%    -10%
Semiconductor    SOXX  50.22  -0.53  -1.0%     372.4   -0.3%  -10.5%     +2%
Uranium           URA   7.13  -0.07  -1.0%     132.8   -0.7%  -20.2%    -13%
High Yield Bond   JNK  38.11  -0.41  -1.1%   18425.9   -0.7%   -3.5%     +1%
Crude Oil         USO  32.61  -0.41  -1.2%   10902.8   -4.7%  -17.8%    -14%
Indonesia         IDX  25.31  -0.32  -1.2%     593.8   +0.2%  -14.4%    -11%
Steel             SLX  41.95  -0.73  -1.7%     158.1   -2.1%  -18.9%    -12%
Oil Service       XES  30.59  -0.60  -1.9%     594.2   -3.4%  -13.6%    -12%
Mexico            EWW  54.48  -1.13  -2.0%    7433.8   -1.0%  -11.9%     +1%
Coal              KOL  24.77  -0.60  -2.4%     372.9   -2.0%  -21.4%    -23%
Metals & Mining   XME  39.40  -1.04  -2.6%    3927.5   -3.6%  -18.7%    -19%

Average                              -0.1%             -0.5%   -7.6%      0%

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

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   05/31   Day   Day   Blinkers Sgnl/Days
--------------------- ---  ---  ---   -----  ----  ---- |---------|---------
Natural Gas       UNG   1    0  +79   -0.7%  -14%   -4%  5 -- -+    SELL   0
T-Bond 20+ Yr     TLT   2    0   +3   +1.2%   +3%   +7%  1 ++ ++     BUY  57
US Dollar Index   UUP   3   +2  +45   +0.0%   +1%   +4%  1 ++ ++ +   BUY  24
T-Bnd 7-10 Yr     IEF   4   -1   +9   +0.4%   +1%   +2%  2 ++ ++ -   BUY  59
Airlines          FAA   5  +15   +1   +2.3%   +8%   +3%  1 ++ ++ +   BUY   2
Biotech           IBB   6   -2   -2   -1.0%    0%    0%  5 -- -+ -  SELL  14
Japanese Yen      FXY   7   +1  +12   +0.9%   +1%   +2%  1 ++ ++ +   BUY  66
Utilities         XLU   8   -2   +2   +0.5%   +1%   +1%  4 -+ ++ -  SELL  13
TIPS Bonds        TIP   9   -2  +12   +0.5%   +1%   +2%  2 ++ ++ -   BUY  51
Muni Bonds        MUB  10   -1  +10   +0.2%    0%    0%  4 -+ ++ -  SELL   6
T-Bond 3-7 Yr     IEI  11   -1  +16   +0.2%    0%   +1%  2 ++ ++ -   BUY   0
InvesTop CrpB     LQD  12   -1  +10   +0.7%   +1%    0%  4 -+ ++ -  SELL  14
Consumer Staples  XLP  13   -1   -2   -0.2%   +1%    0%  5 -- -+ -  SELL  52
Home Builders     XHB  14   +5  -11   -0.3%    0%   -3%  5 -- -+ +  SELL  21
T-Bond 1-3 Yr     SHY  15   -2  +23   +0.0%    0%    0%  4 -+ ++ -  SELL  16
Pharmacutical     XPH  16    0   -9   -0.6%    0%   -1%  5 -- -+    SELL  22
Chinese Yuan      CYB  17    0  +27   -0.2%   -1%   -1%  6 -- --    SELL  22
Real Estate       IYR  18   -4  -16   +0.6%    0%   -4%  6 -- -- -  SELL  17
Emer Mk Sov Debt  PCY  19   -4  -11   +0.1%    0%   -2%  6 -- -- -  SELL  17
DJ Sel Dividend   DVY  20   +3   -6   +0.3%    0%   -1%  5 -- -- +  SELL  23
Health Care       XLV  21   +1   -3   -0.5%    0%   -2%  5 -- -- +  SELL  27
High Yield Bond   JNK  22   -1   -7   -1.1%   -1%   -3%  6 -- -- -  SELL  16
British Pound     FXB  23   -5  -11   -0.5%   -2%   -5%  6 -- -- -  SELL  22
Retail            XRT  24   +2   -7   -0.6%   -1%   -2%  5 -- -- +  SELL  27
DJ Transports     IYT  25   +6   +5   +1.0%   +1%   -1%  4 -- +- +  SELL  23
Consumer Discrec  XLY  26   -1  -17   -0.2%    0%   -2%  6 -- -- -  SELL  24
Canadian Dollar   FXC  27   -3   +7   -0.4%   -1%   -3%  6 -- -- -  SELL  24
Bank Regional     KRE  28   +4   -4   +0.5%    0%   -3%  5 -- -- +  SELL  59
Telecom           IYZ  29   +8  +31   +0.5%   +1%   -1%  4 -- +- +  SELL  23
DJIA              DIA  30   -2   -2   -0.2%   -1%   -3%  6 -- -- -  SELL  24
Insurance         KIE  31   -1  -15   +0.5%    0%   -4%  6 -- -- -  SELL  24
SP100             OEF  32   +3   -1   -0.1%    0%   -3%  5 -- -- +  SELL  28
Medical Devices   IHI  33   -4   -8   -0.6%   -1%   -5%  6 -- -- -  SELL  23
Internet          FDN  34    0   -1   -0.3%   -3%   -4%  6 -- --    SELL  28
SP500 Large-Cap   SPY  35   +1    0   -0.2%   -1%   -3%  5 -- -- +  SELL  28
SP400 Mid-Cap     MDY  36   +3   +7   -0.3%   -1%   -4%  5 -- -- +  SELL  27
SP600 Small-Cap   IJR  37   +4  +16   -0.3%   -1%   -4%  5 -- -- +  SELL  27
Malaysia          EWM  37   +3   +2   -0.1%   +2%   -4%  4 -- +- +  SELL 106
Technology        XLK  39   -1   +1   -0.5%   -1%   -3%  6 -- -- -  SELL  63
Swiss Franc       FXF  40  -13  +10   -0.1%   -2%   -5%  6 -- -- -  SELL  27
Industrial        XLI  41   +5  +16   -0.4%   -2%   -3%  5 -- -- +  SELL  27
Euro Currency     FXE  42   -9  +13   -0.0%   -2%   -4%  6 -- -- -  SELL  27
Nasdaq 100        QQQ  43    0   -1   -0.4%   -1%   -4%  6 -- --    SELL  62
SP500 Equal Wght  RSP  44   +3   +5   -0.3%   -1%   -4%  5 -- -- +  SELL  27
Russell 2000      IWM  45   +3  +14   -0.1%    0%   -3%  5 -- -- +  SELL  27
Australian Doll   FXA  46   -4  +20   +0.3%    0%   -3%  6 -- -- -  SELL  27
Healthcare Provd  IHF  47   +6  +17   -0.8%   +1%   -2%  4 -- +- +  SELL  51
Gold              GLD  48   +1  +22   -0.2%    0%   -2%  4 -- +- +  SELL  23
Software          IGV  49   -5   -8   -0.6%   -3%   -5%  6 -- -- -  SELL  71
Aerospace/Defenc  ITA  50    0   +6   -0.4%   -1%   -4%  6 -- --    SELL  27
NDX Equal Weight QQEW  51   +1  +14   -0.9%   -2%   -4%  5 -- -- +  SELL  28
Materials         XLB  52  +12  +11   -0.4%    0%   -4%  4 -- +- +  SELL  27
Taiwan            EWT  53   +1  +15   +0.6%    0%   -5%  4 -- +- +  SELL  23
Emer Mk Mid-East  GAF  54   +1  -22   +1.6%    0%   -5%  4 -- +- +  SELL  22
South Africa      EZA  55   +5   -9   +1.7%    0%   -4%  4 -- +- +  SELL  22
Thailand          THD  56  -11  -55   +0.7%   +1%   -9%  6 -- -- -  SELL  22
Singapore         EWS  57   -6  -34    0.0%   -1%   -7%  6 -- -- -  SELL  24
Financial         XLF  58   +3  -29   +0.9%    0%   -6%  5 -- -- +  SELL  58
Gold Miners       GDX  59  +30  +40   -1.0%   -1%   +2%  2 ++ +- +   BUY   9
Switzerland       EWL  59   -3   -9   -0.3%   -2%   -6%  6 -- -- -  SELL  28
Energy            XLE  61   +5  +15   -0.9%   -3%   -6%  5 -- -- +  SELL  23
United Kingdom    EWU  62   -5  -26   +0.4%   -2%   -8%  6 -- -- -  SELL  23
Canada            EWC  63   +7   +8   +0.2%   -2%   -4%  5 -- -- +  SELL  27
HongKong          EWH  64   +1  -12   -0.1%    0%   -7%  5 -- -- +  SELL  23
Mexico            EWW  65   -2  -39   -2.0%   -1%   -9%  6 -- -- -  SELL  23
Copper            JJC  66   -4   -5   -0.6%   -2%   -8%  6 -- -- -  SELL  22
Palladium        PALL  67   +8   +7   +0.5%   +3%    0%  3 +- +- +   BUY   0
Japan             EWJ  68   +1   +7   +1.0%    0%   -5%  4 -- +- +  SELL  87
Agribusiness      MOO  69   +3  -11   -0.5%    0%   -7%  5 -- -- +  SELL  27
Turkey            TUR  70  -12  -33   +1.0%   -1%   -7%  6 -- -- -  SELL  57
Emer Mk Asia/Pac  GMF  71   +2   -2   +0.2%    0%   -6%  4 -- +- +  SELL  27
EAFE Index        EFA  72   -4   -5   +0.4%   -2%   -7%  6 -- -- -  SELL  27
Natural Resourcs  IGE  73   +9  +11   -1.0%   -3%   -6%  5 -- -- +  SELL  24
Australia         EWA  74   -7  -27   +0.5%   -1%   -7%  6 -- -- -  SELL  24
Semiconductor    SOXX  75   +4   +4   -1.0%   -1%   -6%  5 -- -- +  SELL  63
Commodity         GSG  76   -5   +2   -0.6%   -3%   -7%  6 -- -- -  SELL  28
France            EWQ  77   -1   +4   +0.8%   -2%   -6%  6 -- -- -  SELL  23
Germany           EWG  78   -4   -5   -0.1%   -3%   -8%  6 -- -- -  SELL  27
South Korea       EWY  79   -2  -25   +0.7%   +1%   -8%  4 -- +- -  SELL  27
Emerging Markets  EEM  80    0   -8   +0.4%    0%   -6%  4 -- +-    SELL  27
China 25          FXI  81   -3  -19   +0.6%   +1%   -7%  4 -- +- -  SELL  22
Oil Service       XES  82   +1   +3   -1.9%   -5%   -9%  5 -- -- +  SELL  24
Silver            SLV  83   +2   +8   -0.6%    0%   -5%  4 -- +- +  SELL  87
Indonesia         IDX  84  -25  -39   -1.3%   -7%  -12%  6 -- -- -  SELL  27
Broker/Dealer     IAI  85   +3   +2   +0.1%    0%   -6%  4 -- +- +  SELL  63
Oil/Gas Explortn  IEO  86    0   +2   -0.8%   -3%   -8%  6 -- --    SELL  23
EMU               EZU  87   -6   -4   +0.4%   -3%   -8%  6 -- -- -  SELL  27
Sugar             SGG  88   -1  +10   +0.1%    0%   -5%  6 -- -- -  SELL   9
Network           IGN  89   +1   +1   -0.1%   -2%   -8%  4 -- +- +  SELL  57
Crude Oil         USO  90   -6  -13   -1.2%   -4%  -11%  6 -- -- -  SELL  27
Emer Mk Latin Am  GML  91    0   -9   +0.6%   +1%   -8%  4 -- +-    SELL 106
India             EPI  92    0   +1   +0.3%   +1%   -6%  4 -- +-    SELL  94
Metals & Mining   XME  93    0   -4   -2.6%   -5%  -13%  6 -- --    SELL  27
Steel             SLX  94    0   -8   -1.7%   -4%  -13%  6 -- --    SELL  27
Brazil            EWZ  95   +2   +1   +1.0%   +2%   -8%  4 -- +- +  SELL 106
Rare Earth Metal REMX  96   +2   -1   -0.4%    0%   -7%  4 -- +- +  SELL 105
Russia            RSX  97   -1   -3   -0.9%   -2%  -10%  6 -- -- -  SELL  86
Coal              KOL  98   -3   -6   -2.4%   -6%  -16%  6 -- -- -  SELL  27
Uranium           URA  99    0   -2   -1.0%   +1%  -11%  4 -- +-    SELL  23

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

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...:     9     90
% of Total......:    9%    91%
Ave Days Elapsed:    30     34
Ave High Profit.:   +4%    +9%
Ave Profit......:   +4%    +8%

Percentage of PMOs Rising ..........:  35%
Percentage of PMOs Above Zero.......:  16%

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

                       05/31               Cal
                       Close      %       Days    High   Today   PMO
Name/Symbol            Price Change Signl Elap     P/L     P/L R/F Days
--------------------- ------ ------ ----- ---- ------- ------- --------
T-Bond 3-7 Yr     IEI 123.35  +0.2%   BUY    0    0.0%   -0.4%    R   1
Palladium        PALL  60.31  +0.5%   BUY    0    0.0%    1.7%    R   2
Airlines          FAA  31.07  +2.3%   BUY    2    1.8%    1.8%    R   7
Gold Miners       GDX  43.78  -1.0%   BUY    9    5.6%    2.9%    R  14
US Dollar Index   UUP  22.99   0.0%   BUY   24    4.3%    4.3%    R  29
TIPS Bonds        TIP 121.31  +0.5%   BUY   51    2.6%    2.6%    R   1
T-Bond 20+ Yr     TLT 127.60  +1.2%   BUY   57   14.1%   14.1%    R   1
T-Bnd 7-10 Yr     IEF 108.55  +0.4%   BUY   59    5.2%    5.2%    R   1
Japanese Yen      FXY 125.43  +0.9%   BUY   66    5.6%    5.6%    R   1
Natural Gas       UNG  16.79  -0.7%  SELL    0    0.0%   13.5%    F   6
Muni Bonds        MUB 111.13  +0.2%  SELL    6    0.0%   -0.3%    R   0
Sugar             SGG  72.34  +0.1%  SELL    9    1.8%    1.8%    F   9
Utilities         XLU  35.86  +0.5%  SELL   13    0.0%   -1.2%    R   0
InvesTop CrpB     LQD 116.97  +0.7%  SELL   14    0.5%   -0.9%    R   1
Biotech           IBB 123.21  -1.0%  SELL   14    1.6%   -0.7%    F   1
T-Bond 1-3 Yr     SHY  84.48   0.0%  SELL   16    0.1%    0.0%    R   1
High Yield Bond   JNK  38.11  -1.1%  SELL   16    2.4%    2.4%    F   1
Real Estate       IYR  61.22  +0.6%  SELL   17    5.4%    3.2%    F   1
Emer Mk Sov Debt  PCY  27.70  +0.1%  SELL   17    1.7%    1.5%    F  22
Home Builders     XHB  20.71  -0.3%  SELL   21    7.2%    2.6%    F   1
Copper            JJC  42.82  -0.6%  SELL   22    8.4%    8.4%    F  23
Pharmacutical     XPH  55.61  -0.6%  SELL   22    2.7%    0.9%    F   1
British Pound     FXB 152.68  -0.4%  SELL   22    4.5%    4.5%    F  28
Chinese Yuan      CYB  25.11  -0.2%  SELL   22    0.9%    0.9%    F   8
China 25          FXI  33.49  +0.6%  SELL   22    9.3%    6.8%    R   0
Emer Mk Mid-East  GAF  64.87  +1.6%  SELL   22    6.7%    4.9%    R   0
South Africa      EZA  62.27  +1.7%  SELL   22    5.9%    4.3%    R   0
Thailand          THD  66.35  +0.7%  SELL   22   10.4%    9.2%    F  27
DJ Transports     IYT  91.24  +1.0%  SELL   23    6.6%    2.3%    R   0
DJ Sel Dividend   DVY  54.90  +0.3%  SELL   23    3.5%    1.9%    F   1
Energy            XLE  63.63  -0.9%  SELL   23    6.3%    6.3%    F   1
Gold              GLD 151.62  -0.2%  SELL   23    4.2%    2.8%    R   1
Medical Devices   IHI  62.68  -0.6%  SELL   23    5.4%    5.3%    F   1
Oil/Gas Explortn  IEO  55.41  -0.8%  SELL   23    8.5%    8.1%    F   1
Telecom           IYZ  21.21  +0.5%  SELL   23    3.2%    1.7%    R   6
Uranium           URA   7.13  -1.0%  SELL   23   16.5%   13.3%    R   6
France            EWQ  18.56  +0.8%  SELL   23    8.3%    7.5%    F   1
HongKong          EWH  15.92  -0.1%  SELL   23    8.6%    7.7%    F   1
Mexico            EWW  54.48  -2.0%  SELL   23    9.6%    9.6%    F   1
Taiwan            EWT  12.07  +0.6%  SELL   23    7.5%    5.3%    R   0
United Kingdom    EWU  15.55  +0.4%  SELL   23    8.9%    8.6%    F  27
DJIA              DIA 123.70  -0.2%  SELL   24    4.7%    4.4%    F   1
Consumer Discrec  XLY  43.10  -0.2%  SELL   24    6.4%    4.0%    F   1
Insurance         KIE  39.59  +0.5%  SELL   24    6.1%    4.4%    F   1
Natural Resourcs  IGE  34.16  -1.0%  SELL   24    7.5%    7.1%    F   1
Oil Service       XES  30.59  -1.9%  SELL   24    9.0%    9.0%    F   1
Canadian Dollar   FXC  96.27  -0.4%  SELL   24    3.9%    3.9%    F  28
Australia         EWA  20.76  +0.5%  SELL   24   10.9%   10.1%    F   1
Singapore         EWS  11.65   0.0%  SELL   24    8.8%    8.8%    F  28
SP500 Equal Wght  RSP  47.88  -0.3%  SELL   27    6.4%    4.9%    F   1
SP400 Mid-Cap     MDY 168.57  -0.3%  SELL   27    6.3%    4.1%    F   1
SP600 Small-Cap   IJR  70.56  -0.3%  SELL   27    5.0%    3.9%    F   1
Russell 2000      IWM  76.11  -0.1%  SELL   27    5.6%    3.8%    F   1
Aerospace/Defenc  ITA  61.78  -0.4%  SELL   27    6.7%    5.5%    F   1
Agribusiness      MOO  46.80  -0.5%  SELL   27    9.9%    8.6%    F   1
Coal              KOL  24.77  -2.4%  SELL   27   17.9%   17.9%    F   1
Crude Oil         USO  32.61  -1.2%  SELL   27   12.6%   12.6%    F  28
Health Care       XLV  36.15  -0.5%  SELL   27    2.4%    2.2%    F  28
Industrial        XLI  34.67  -0.4%  SELL   27    6.0%    4.5%    F   1
Materials         XLB  33.82  -0.4%  SELL   27    8.2%    5.2%    R   8
Metals & Mining   XME  39.40  -2.6%  SELL   27   14.2%   14.2%    F   1
Retail            XRT  58.41  -0.6%  SELL   27    6.0%    3.7%    F   1
Steel             SLX  41.95  -1.7%  SELL   27   14.6%   14.6%    F   1
Australian Doll   FXA  97.73  +0.3%  SELL   27    4.4%    4.1%    F   1
Euro Currency     FXE 123.03   0.0%  SELL   27    5.5%    5.5%    F  29
Swiss Franc       FXF 101.48   0.0%  SELL   27    5.6%    5.6%    F  29
Canada            EWC  25.32  +0.2%  SELL   27    7.3%    6.6%    F   1
EAFE Index        EFA  47.76  +0.4%  SELL   27    9.0%    8.6%    F   1
Emerging Markets  EEM  37.70  +0.4%  SELL   27   10.2%    8.8%    R   0
Emer Mk Asia/Pac  GMF  66.42  +0.2%  SELL   27    9.5%    8.1%    R   0
EMU               EZU  25.94  +0.3%  SELL   27   10.1%    9.8%    F  28
Germany           EWG  19.49  -0.1%  SELL   27    9.5%    9.5%    F   1
Indonesia         IDX  25.31  -1.2%  SELL   27   14.3%   14.1%    F  28
South Korea       EWY  52.62  +0.7%  SELL   27   11.8%    9.8%    R   0
SP500 Large-Cap   SPY 131.47  -0.2%  SELL   28    6.8%    5.6%    F   1
NDX Equal Weight QQEW  24.18  -0.9%  SELL   28    8.3%    7.4%    F   1
SP100             OEF  60.08  -0.1%  SELL   28    6.4%    5.3%    F   1
Commodity         GSG  30.23  -0.6%  SELL   28   10.6%   10.6%    F  29
Internet          FDN  34.24  -0.3%  SELL   28    6.9%    6.0%    F   1
Switzerland       EWL  22.25  -0.3%  SELL   28    9.3%    9.3%    F  29
Healthcare Provd  IHF  60.96  -0.7%  SELL   51    7.9%    5.5%    R   7
Consumer Staples  XLP  33.78  -0.2%  SELL   52    0.9%   -0.1%    F   1
Network           IGN  25.28  -0.1%  SELL   57   17.5%   16.8%    R   0
Turkey            TUR  46.22  +1.0%  SELL   57   13.8%   12.1%    F  29
Financial         XLF  14.01  +0.9%  SELL   58   13.0%   11.5%    F   1
Bank Regional     KRE  26.63  +0.5%  SELL   59    8.7%    7.1%    F   1
Nasdaq 100        QQQ  62.06  -0.4%  SELL   62   10.0%    8.1%    F   1
Broker/Dealer     IAI  21.05  +0.1%  SELL   63   18.0%   16.7%    R   6
Semiconductor    SOXX  50.22  -1.0%  SELL   63   16.3%   15.2%    F   0
Technology        XLK  27.93  -0.5%  SELL   63    9.2%    7.7%    F   0
Software          IGV  59.47  -0.6%  SELL   71    9.3%    8.8%    F   1
Russia            RSX  23.93  -0.9%  SELL   86   23.3%   23.3%    F   1
Silver            SLV  26.96  -0.6%  SELL   87   20.2%   18.4%    R   7
Japan             EWJ   8.89  +1.0%  SELL   87   11.0%   10.1%    R   0
India             EPI  15.83  +0.3%  SELL   94   21.9%   21.2%    R   0
Rare Earth Metal REMX  13.49  -0.4%  SELL  105   26.8%   24.8%    R   2
Brazil            EWZ  52.04  +1.0%  SELL  106   24.1%   22.7%    R   6
Emer Mk Latin Am  GML  66.25  +0.6%  SELL  106   17.6%   16.5%    R   0
Malaysia          EWM  13.88  -0.1%  SELL  106    5.4%    3.3%    R   2

Average                       -0.1%         34    8.1%    7.3%        6

*****************************************************************************
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...:    37     62
% of Total......:   37%    63%
Ave Days Elapsed:   454     69
Ave High Profit.:  +17%   +10%
Ave Profit......:  +12%    +8%
Ave Rel to Stop.:   +6%   -11%

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.

                        05/31              Cal                        Price
                        Close      %      Days   High  Today         Rel to
Name/Symbol             Price Change Sgnl Elap    P/L    P/L   STOP    Stop
--------------------- ------- ------ ---- ---- ------ ------ ------ -------
Airlines          FAA   31.07  +2.3%  BUY    0   0.0%  -4.5%  27.96  +11.1%
T-Bond 20+ Yr     TLT  127.60  +1.2%  BUY   17   5.3%   5.3% 113.38  +12.5%
Telecom           IYZ   21.21  +0.5%  BUY  140   6.2%  -0.7%  20.42   +3.9%
Nasdaq 100        QQQ   62.06  -0.4%  BUY  142  17.8%   7.1%  60.93   +1.9%
SP500 Equal Wght  RSP   47.88  -0.3%  BUY  147  11.4%   1.9%  47.09   +1.7%
Medical Devices   IHI   62.68  -0.6%  BUY  149  15.0%   5.0%  61.80   +1.4%
Real Estate       IYR   61.22  +0.6%  BUY  163  16.2%  10.3%  58.02   +5.5%
Insurance         KIE   39.59  +0.5%  BUY  176  13.9%   6.5%  38.12   +3.8%
SP400 Mid-Cap     MDY  168.57  -0.3%  BUY  178  13.0%   4.2% 164.56   +2.4%
DJ Transports     IYT   91.24  +1.0%  BUY  178   7.0%   2.1%  86.08   +6.0%
Retail            XRT   58.41  -0.6%  BUY  178  18.5%  10.1%  55.84   +4.6%
Bank Regional     KRE   26.63  +0.5%  BUY  183  24.5%  13.9%  25.78   +3.3%
Home Builders     XHB   20.71  -0.3%  BUY  183  34.9%  25.8%  18.96   +9.2%
Malaysia          EWM   13.88  -0.1%  BUY  217   8.6%   1.7%  13.35   +4.0%
High Yield Bond   JNK   38.11  -1.1%  BUY  220   4.8%   0.7%  35.69   +6.8%
Australian Doll   FXA   97.73  +0.3%  BUY  220   4.0%  -5.3%  96.59   +1.2%
DJIA              DIA  123.70  -0.2%  BUY  223  13.9%   6.6% 118.87   +4.1%
Consumer Staples  XLP   33.78  -0.2%  BUY  224  12.5%  10.6%  30.92   +9.3%
SP500 Large-Cap   SPY  131.47  -0.2%  BUY  226  17.0%   8.4% 127.66   +3.0%
SP100             OEF   60.08  -0.1%  BUY  230  17.5%   9.3%  58.11   +3.4%
Consumer Discrec  XLY   43.10  -0.2%  BUY  234  23.9%  15.7%  41.38   +4.2%
Technology        XLK   27.93  -0.5%  BUY  258  23.0%  12.7%  27.35   +2.1%
Biotech           IBB  123.21  -1.0%  BUY  259  29.3%  26.0% 112.73   +9.3%
DJ Sel Dividend   DVY   54.90  +0.3%  BUY  276  15.5%  11.4%  51.20   +7.2%
Health Care       XLV   36.15  -0.5%  BUY  276  16.0%  11.1%  33.97   +6.4%
Pharmacutical     XPH   55.61  -0.6%  BUY  276  23.3%  18.0%  52.32   +6.3%
Utilities         XLU   35.86  +0.5%  BUY  281  10.2%  10.0%  32.34  +10.9%
British Pound     FXB  152.68  -0.4%  BUY  668   5.0%  -3.5% 149.39   +2.2%
T-Bnd 7-10 Yr     IEF  108.55  +0.4%  BUY  737  22.3%  22.3%  97.70  +11.1%
Japanese Yen      FXY  125.43  +0.9%  BUY  993  18.7%  14.4% 117.08   +7.1%
InvesTop CrpB     LQD  116.97  +0.7%  BUY 1094  36.3%  36.3% 105.27  +11.1%
Emer Mk Sov Debt  PCY   27.70  +0.1%  BUY 1169  57.7%  52.9%  25.72   +7.7%
Chinese Yuan      CYB   25.11  -0.2%  BUY 1186   3.7%   2.2%  22.91   +9.6%
TIPS Bonds        TIP  121.31  +0.5%  BUY 1261  32.6%  32.6% 109.18  +11.1%
Muni Bonds        MUB  111.13  +0.2%  BUY 1294  30.8%  28.6% 101.78   +9.2%
T-Bond 1-3 Yr     SHY   84.48   0.0%  BUY 1568   8.7%   8.7%  76.03  +11.1%
T-Bond 3-7 Yr     IEI  123.35  +0.2%  BUY 1568  25.5%  25.5% 111.02  +11.1%
Thailand          THD   66.35  +0.7% SELL    8   0.0%  -1.3%  72.03   -7.9%
SP600 Small-Cap   IJR   70.56  -0.3% SELL   13   0.0%  -1.1%  76.76   -8.1%
Aerospace/Defenc  ITA   61.78  -0.4% SELL   13   0.0%  -1.3%  67.10   -7.9%
Industrial        XLI   34.67  -0.4% SELL   13   0.0%  -1.6%  37.53   -7.6%
Internet          FDN   34.24  -0.3% SELL   13   0.0%  -0.9%  37.31   -8.2%
Singapore         EWS   11.65   0.0% SELL   13   0.3%   0.3%  12.80   -9.0%
NDX Equal Weight QQEW   24.18  -0.9% SELL   14   1.6%   0.6%  26.33   -8.2%
Russell 2000      IWM   76.11  -0.1% SELL   14   0.9%  -0.9%  82.16   -7.4%
Software          IGV   59.47  -0.6% SELL   14   1.3%   0.7%  65.02   -8.5%
United Kingdom    EWU   15.55  +0.4% SELL   14   2.0%   1.6%  17.04   -8.7%
Financial         XLF   14.01  +0.9% SELL   15   3.2%   1.5%  15.15   -7.5%
Healthcare Provd  IHF   60.96  -0.7% SELL   15   2.5%   0.0%  65.36   -6.7%
Materials         XLB   33.82  -0.4% SELL   15   2.6%  -0.5%  36.05   -6.2%
Australia         EWA   20.76  +0.5% SELL   15   4.6%   3.8%  22.78   -8.9%
Indonesia         IDX   25.31  -1.2% SELL   15   7.4%   7.2%  28.91  -12.4%
Switzerland       EWL   22.25  -0.3% SELL   15   2.4%   2.4%  24.48   -9.1%
Agribusiness      MOO   46.80  -0.5% SELL   16   4.2%   2.7%  50.73   -7.8%
Emer Mk Mid-East  GAF   64.87  +1.6% SELL   16   2.1%   0.2%  69.99   -7.3%
HongKong          EWH   15.92  -0.1% SELL   16   4.1%   3.2%  17.35   -8.2%
Mexico            EWW   54.48  -2.0% SELL   16   3.4%   3.4%  59.93   -9.1%
South Korea       EWY   52.62  +0.7% SELL   16   6.2%   4.0%  56.66   -7.1%
Copper            JJC   42.82  -0.6% SELL   17   4.6%   4.6%  48.00  -10.8%
Canada            EWC   25.32  +0.2% SELL   17   3.6%   2.8%  27.75   -8.7%
EAFE Index        EFA   47.76  +0.4% SELL   17   5.2%   4.8%  52.39   -8.8%
Emer Mk Asia/Pac  GMF   66.42  +0.2% SELL   17   4.7%   3.2%  72.41   -8.3%
Japan             EWJ    8.89  +1.0% SELL   17   3.9%   2.9%   9.68   -8.2%
South Africa      EZA   62.27  +1.7% SELL   17   2.7%   1.0%  67.35   -7.5%
Taiwan            EWT   12.07  +0.6% SELL   17   4.5%   2.2%  12.97   -6.9%
Turkey            TUR   46.22  +1.0% SELL   17   6.3%   4.5%  50.13   -7.8%
Emerging Markets  EEM   37.70  +0.4% SELL   20   7.1%   5.7%  41.40   -8.9%
Commodity         GSG   30.23  -0.6% SELL   23   7.8%   7.8%  33.78  -10.5%
Gold              GLD  151.62  -0.2% SELL   23   4.2%   2.8% 164.41   -7.8%
Emer Mk Latin Am  GML   66.25  +0.6% SELL   23  10.9%   9.7%  75.05  -11.7%
Germany           EWG   19.49  -0.1% SELL   23   8.5%   8.5%  21.69  -10.1%
Crude Oil         USO   32.61  -1.2% SELL   27  12.6%  12.6%  37.79  -13.7%
Semiconductor    SOXX   50.22  -1.0% SELL   37   8.0%   6.8%  54.49   -7.8%
Network           IGN   25.28  -0.1% SELL   38  11.4%  10.7%  29.02  -12.9%
Broker/Dealer     IAI   21.05  +0.1% SELL   43  12.2%  10.8%  23.28   -9.6%
Sugar             SGG   72.34  +0.1% SELL   45  13.4%  13.4%  84.22  -14.1%
Energy            XLE   63.63  -0.9% SELL   51   6.8%   6.8%  69.99   -9.1%
EMU               EZU   25.94  +0.3% SELL   51  10.6%  10.2%  30.14  -13.9%
France            EWQ   18.56  +0.8% SELL   51   8.5%   7.7%  21.10  -12.0%
Natural Resourcs  IGE   34.16  -1.0% SELL   52  10.4%  10.1%  38.74  -11.8%
Oil/Gas Explortn  IEO   55.41  -0.8% SELL   52  13.1%  12.8%  63.25  -12.4%
Brazil            EWZ   52.04  +1.0% SELL   52  19.0%  17.5%  62.25  -16.4%
Russia            RSX   23.93  -0.9% SELL   52  20.1%  20.1%  30.07  -20.4%
Oil Service       XES   30.59  -1.9% SELL   56  14.3%  14.3%  35.44  -13.7%
China 25          FXI   33.49  +0.6% SELL   63  10.2%   7.7%  37.35  -10.3%
Palladium        PALL   60.31  +0.5% SELL   64   9.4%   5.4%  65.86   -8.4%
Gold Miners       GDX   43.78  -1.0% SELL   78  21.5%  12.6%  51.70  -15.3%
Silver            SLV   26.96  -0.6% SELL   86  17.6%  15.8%  31.22  -13.7%
Steel             SLX   41.95  -1.7% SELL   86  18.4%  18.4%  52.49  -20.1%
India             EPI   15.83  +0.3% SELL   86  17.9%  17.2%  19.05  -16.9%
Metals & Mining   XME   39.40  -2.6% SELL   87  21.0%  21.0%  51.35  -23.3%
Euro Currency     FXE  123.03   0.0% SELL  241   6.4%   6.4% 135.33   -9.1%
Canadian Dollar   FXC   96.27  -0.4% SELL  244   0.6%  -1.5% 103.63   -7.1%
Swiss Franc       FXF  101.48   0.0% SELL  266  10.2%  10.2% 111.63   -9.1%
Uranium           URA    7.13  -1.0% SELL  283  31.5%  28.8%  10.04  -29.0%
Rare Earth Metal REMX   13.49  -0.4% SELL  293  38.8%  37.1%  17.55  -23.1%
Coal              KOL   24.77  -2.4% SELL  301  40.4%  40.4%  34.18  -27.5%
Natural Gas       UNG   16.79  -0.7% SELL  349  67.7%  62.0%  25.58  -34.4%
US Dollar Index   UUP   22.99   0.0% SELL  617   9.6%   0.6%  23.02   -0.1%

Average                        -0.1%       213  12.6%   9.7%          -4.7%

****************************************************************************
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...:        9     90                   37     62
% of Total......:       9%    91%                  37%    63%
Ave Days Elapsed:       30     34                  454     69
Ave High Profit.:      +4%    +9%                 +17%   +10%
Ave Profit......:      +4%    +8%                 +12%    +8%
Ave Rel to Stop.:                                  +6%   -11%

Percentage of PMOs Rising ..........:  35%
Percentage of PMOs Above Zero.......:  16%

                     |-- 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|
--------------- -----| ---- --- ------- ------- | ---- ---- ------- -------|
DJIA            Warn!  SELL  24   +4.7%   +4.4%    BUY  223  +13.9%   +6.6%
SP500 Large-Ca  Warn!  SELL  28   +6.8%   +5.6%    BUY  226  +17.0%   +8.4%
SP500 Equal Wg  Warn!  SELL  27   +6.4%   +4.9%    BUY  147  +11.4%   +1.9%
Nasdaq 100      Warn!  SELL  62  +10.0%   +8.1%    BUY  142  +17.8%   +7.1%
NDX Equal Weig         SELL  28   +8.3%   +7.4%   SELL   14   +1.6%   +0.6%
SP100           Warn!  SELL  28   +6.4%   +5.3%    BUY  230  +17.5%   +9.3%
SP400 Mid-Cap   Warn!  SELL  27   +6.3%   +4.1%    BUY  178  +13.1%   +4.2%
SP600 Small-Ca         SELL  27   +5.0%   +3.9%   SELL   13    0.0%   -1.1%
Russell 2000           SELL  27   +5.6%   +3.8%   SELL   14   +0.9%   -0.9%
DJ Transports   Warn!  SELL  23   +6.6%   +2.3%    BUY  178   +7.0%   +2.1%
DJ Sel Dividen  Warn!  SELL  23   +3.5%   +1.9%    BUY  276  +15.5%  +11.4%
InvesTop CrpB   Warn!  SELL  14   +0.5%   -0.9%    BUY 1094  +36.3%  +36.3%
Muni Bonds      Warn!  SELL   6    0.0%   -0.3%    BUY 1294  +30.9%  +28.6%
T-Bond 1-3 Yr   Warn!  SELL  16   +0.1%   -0.1%    BUY 1568   +8.7%   +8.7%
T-Bond 3-7 Yr    Buy? * BUY   0    0.0%   -0.5%    BUY 1568  +25.5%  +25.5%
T-Bnd 7-10 Yr           BUY  59   +5.2%   +5.2%    BUY  737  +22.3%  +22.3%
T-Bond 20+ Yr           BUY  57  +14.1%  +14.1%    BUY   17   +5.3%   +5.3%
TIPS Bonds              BUY  51   +2.7%   +2.7%    BUY 1261  +32.6%  +32.6%
High Yield Bon  Warn!  SELL  16   +2.4%   +2.4%    BUY  220   +4.8%   +0.7%
Aerospace/Defe         SELL  27   +6.7%   +5.5%   SELL   13    0.0%   -1.3%
Airlines                BUY   2   +1.8%   +1.8%  * BUY    0    0.0%   -4.5%
Agribusiness           SELL  27   +9.9%   +8.6%   SELL   16   +4.2%   +2.7%
Bank Regional   Warn!  SELL  59   +8.7%   +7.1%    BUY  183  +24.5%  +13.9%
Biotech         Warn!  SELL  14   +1.6%   -0.7%    BUY  259  +29.3%  +26.0%
Broker/Dealer          SELL  63  +18.0%  +16.7%   SELL   43  +12.2%  +10.8%
Coal                   SELL  27  +17.9%  +17.9%   SELL  301  +40.4%  +40.4%
Commodity              SELL  28  +10.6%  +10.6%   SELL   23   +7.8%   +7.8%
Consumer Discr  Warn!  SELL  24   +6.4%   +4.0%    BUY  234  +23.9%  +15.7%
Consumer Stapl  Warn!  SELL  52   +0.9%   -0.1%    BUY  224  +12.5%  +10.7%
Copper                 SELL  22   +8.5%   +8.5%   SELL   17   +4.6%   +4.6%
Crude Oil              SELL  27  +12.6%  +12.6%   SELL   27  +12.6%  +12.6%
Energy                 SELL  23   +6.3%   +6.3%   SELL   51   +6.8%   +6.8%
Financial              SELL  58  +13.0%  +11.5%   SELL   15   +3.2%   +1.5%
Gold                   SELL  23   +4.2%   +2.8%   SELL   23   +4.2%   +2.8%
Gold Miners     Warn!   BUY   9   +5.6%   +2.9%   SELL   78  +21.5%  +12.7%
Health Care     Warn!  SELL  27   +2.4%   +2.2%    BUY  276  +16.0%  +11.1%
Healthcare Pro         SELL  51   +7.9%   +5.5%   SELL   15   +2.5%   +0.0%
Home Builders   Warn!  SELL  21   +7.2%   +2.6%    BUY  183  +34.9%  +25.8%
Industrial             SELL  27   +6.0%   +4.5%   SELL   13    0.0%   -1.6%
Insurance       Warn!  SELL  24   +6.1%   +4.4%    BUY  176  +13.9%   +6.5%
Internet               SELL  28   +6.9%   +6.0%   SELL   13    0.0%   -0.9%
Materials              SELL  27   +8.2%   +5.2%   SELL   15   +2.6%   -0.5%
Medical Device  Warn!  SELL  23   +5.4%   +5.3%    BUY  149  +15.0%   +5.0%
Metals & Minin         SELL  27  +14.2%  +14.2%   SELL   87  +21.0%  +21.0%
Natural Gas     Sell? *SELL   0    0.0%  +13.5%   SELL  349  +67.7%  +62.0%
Natural Resour         SELL  24   +7.5%   +7.2%   SELL   52  +10.4%  +10.1%
Network                SELL  57  +17.5%  +16.8%   SELL   38  +11.5%  +10.7%
Oil Service            SELL  24   +9.0%   +9.0%   SELL   56  +14.3%  +14.3%
Oil/Gas Explor         SELL  23   +8.5%   +8.1%   SELL   52  +13.1%  +12.8%
Palladium       Warn! * BUY   0    0.0%   +1.7%   SELL   64   +9.4%   +5.4%
Pharmacutical   Warn!  SELL  22   +2.7%   +0.9%    BUY  276  +23.3%  +18.0%
Rare Earth Met         SELL 105  +26.8%  +24.8%   SELL  293  +38.8%  +37.1%
Real Estate     Warn!  SELL  17   +5.4%   +3.2%    BUY  163  +16.2%  +10.3%
Retail          Warn!  SELL  27   +6.0%   +3.7%    BUY  178  +18.5%  +10.2%
Semiconductor          SELL  63  +16.3%  +15.2%   SELL   37   +8.0%   +6.8%
Silver                 SELL  87  +20.2%  +18.4%   SELL   86  +17.6%  +15.8%
Software               SELL  71   +9.3%   +8.8%   SELL   14   +1.3%   +0.7%
Sugar                  SELL   9   +1.9%   +1.8%   SELL   45  +13.4%  +13.4%
Steel                  SELL  27  +14.6%  +14.6%   SELL   86  +18.4%  +18.4%
Technology      Warn!  SELL  63   +9.2%   +7.7%    BUY  258  +23.0%  +12.7%
Telecom         Warn!  SELL  23   +3.2%   +1.7%    BUY  140   +6.2%   -0.7%
Uranium                SELL  23  +16.6%  +13.3%   SELL  283  +31.5%  +28.8%
Utilities       Warn!  SELL  13    0.0%   -1.2%    BUY  281  +10.3%  +10.0%
Australian Dol  Warn!  SELL  27   +4.4%   +4.1%    BUY  220   +4.0%   -5.3%
British Pound   Warn!  SELL  22   +4.6%   +4.6%    BUY  668   +5.0%   -3.5%
Canadian Dolla         SELL  24   +3.9%   +3.9%   SELL  244   +0.6%   -1.5%
Chinese Yuan    Warn!  SELL  22   +0.9%   +0.9%    BUY 1186   +3.7%   +2.2%
Euro Currency          SELL  27   +5.5%   +5.5%   SELL  241   +6.4%   +6.4%
Japanese Yen            BUY  66   +5.6%   +5.6%    BUY  993  +18.7%  +14.4%
Swiss Franc            SELL  27   +5.6%   +5.6%   SELL  266  +10.2%  +10.2%
US Dollar Inde  Warn!   BUY  24   +4.3%   +4.3%   SELL  617   +9.6%   +0.7%
Australia              SELL  24  +10.9%  +10.1%   SELL   15   +4.6%   +3.8%
Brazil                 SELL 106  +24.1%  +22.7%   SELL   52  +19.0%  +17.5%
China 25               SELL  22   +9.3%   +6.8%   SELL   63  +10.3%   +7.7%
Canada                 SELL  27   +7.3%   +6.6%   SELL   17   +3.6%   +2.8%
EAFE Index             SELL  27   +9.0%   +8.6%   SELL   17   +5.2%   +4.8%
Emerging Marke         SELL  27  +10.2%   +8.9%   SELL   20   +7.1%   +5.7%
Emer Mk Asia/P         SELL  27   +9.5%   +8.1%   SELL   17   +4.7%   +3.2%
Emer Mk Latin          SELL 106  +17.6%  +16.5%   SELL   23  +10.9%   +9.7%
Emer Mk Mid-Ea         SELL  22   +6.7%   +4.9%   SELL   16   +2.1%   +0.2%
Emer Mk Sov De  Warn!  SELL  17   +1.7%   +1.5%    BUY 1169  +57.7%  +52.9%
EMU                    SELL  27  +10.1%   +9.8%   SELL   51  +10.6%  +10.2%
France                 SELL  23   +8.3%   +7.5%   SELL   51   +8.5%   +7.7%
Germany                SELL  27   +9.5%   +9.5%   SELL   23   +8.5%   +8.5%
HongKong               SELL  23   +8.6%   +7.7%   SELL   16   +4.1%   +3.2%
India                  SELL  94  +21.9%  +21.2%   SELL   86  +17.9%  +17.2%
Indonesia              SELL  27  +14.4%  +14.2%   SELL   15   +7.4%   +7.2%
Japan                  SELL  87  +11.0%  +10.1%   SELL   17   +3.9%   +3.0%
Malaysia        Warn!  SELL 106   +5.4%   +3.3%    BUY  217   +8.6%   +1.7%
Mexico                 SELL  23   +9.6%   +9.6%   SELL   16   +3.4%   +3.4%
Russia                 SELL  86  +23.3%  +23.3%   SELL   52  +20.1%  +20.1%
Singapore              SELL  24   +8.9%   +8.8%   SELL   13   +0.3%   +0.3%
South Africa           SELL  22   +5.9%   +4.3%   SELL   17   +2.7%   +1.0%
South Korea            SELL  27  +11.8%   +9.8%   SELL   16   +6.2%   +4.0%
Switzerland            SELL  28   +9.3%   +9.3%   SELL   15   +2.4%   +2.4%
Taiwan                 SELL  23   +7.5%   +5.3%   SELL   17   +4.5%   +2.2%
Thailand               SELL  22  +10.4%   +9.2%   SELL    8    0.0%   -1.3%
Turkey                 SELL  57  +13.8%  +12.1%   SELL   17   +6.4%   +4.5%
United Kingdom         SELL  23   +8.9%   +8.6%   SELL   14   +2.0%   +1.6%

Average                      34   +8.1%   +7.3%         213  +12.6%   +9.7%

*****************************************************************************
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 Thursday 5/31/2012

Copyright 2012 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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