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[About This Newsletter]
DECISION POINT
ETF TRACKER DAILY REPORT
Friday, 5/30/2008

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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.
****************************************************************************
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

                      05/30                              WTD     MTD     YTD
                      Close       $      %    Volume  %Price  %Price  %Price
Name             Sym  Price  Change Change    X 1000  Change  Change  Change
---------------- ---- ------ ------ ------ ---------  ------  ------  ------
Diamonds          DIA 126.13  -0.10  -0.1%    8059.8   +1.2%   -1.4%     -4%
Nasdaq 100 Shrs  QQQQ  50.01  +0.32  +0.6%   93993.4   +3.8%   +5.9%     -2%
SP500 LgCap SPDR  SPY 140.35  +0.35  +0.2%  116691.2   +2.0%   +1.5%     -4%
SP100 iSh         OEF  64.11  -0.08  -0.1%    1093.4   +1.6%   -0.3%     -7%
SP500 LgCp Grwth  IVW  68.03  +0.19  +0.3%     437.5   +1.8%   +2.5%     -3%
SP500 LgCp Value  IVE  71.81  -0.19  -0.3%     467.5   +1.7%    0.0%     -6%
SP400 MidCp SPDR  MDY 160.62  +1.54  +1.0%    3434.2   +3.1%   +5.4%     +4%
SP400 MdCp Grwth  IJK  93.23  +0.80  +0.9%     458.3   +2.9%   +5.8%     +5%
SP400 MdCp Value  IJJ  81.41  +0.17  +0.2%      69.2   +2.1%   +4.5%     +2%
SP600 SmlCp iSh   IJR  65.18  +0.33  +0.5%    2089.5   +2.9%   +4.2%      0%
SP600 SmCp Grwth  IJT 135.43  +0.59  +0.4%     152.4   +3.1%   +4.4%      0%
SP600 SmCp Value  IJS  69.80  -0.01   0.0%     124.0   +2.6%   +3.9%      0%
Russell 2000 iSh  IWM  74.67  +0.26  +0.3%   41630.5   +3.4%   +4.6%     -2%
Rus2000 Grwth iS  IWO  80.86  +0.51  +0.6%    2759.8   +3.7%   +5.5%     -3%
Rus2000 Value iS  IWN  70.28  -0.10  -0.1%    1483.8   +2.5%   +3.1%      0%
SP500 Equal Wght  RSP  46.46  +0.10  +0.2%     186.4   +2.4%   +2.7%     -1%
NDX Equal Weight QQEW  21.66  +0.11  +0.5%      11.0   +4.0%   +5.5%     -2%
DJ Sel Dividend   DVY  58.25  -0.58  -1.0%     722.8   +0.1%   -1.9%    -10%
InvesTop CrpB iS  LQD 103.20  +0.41  +0.4%     171.4   -1.3%   -2.6%     -2%
T-Bond 1-3 Yr iS  SHY  82.91  +0.12  +0.1%    1970.0   -0.2%   -0.5%     +1%
T-Bnd 7-10 Yr iS  IEF  87.31  +0.29  +0.3%    2838.3   -1.4%   -2.1%      0%
T-Bond 20+ Yr iS  TLT  90.28  +0.59  +0.7%    2514.6   -1.6%   -2.7%     -3%
TIPS Bond iShrs   TIP 106.78  +0.42  +0.4%     959.6   -1.6%   -0.3%     +1%
Aerospace/Def iS  ITA  64.77  +1.04  +1.6%      18.9   +2.8%   +1.6%     -5%
Bank Regional HL  RKH 114.57  -1.21  -1.0%     763.8   -0.1%   -6.7%    -11%
Biotech iShares   IBB  79.50  +0.14  +0.2%     683.6   +3.0%   +2.4%     -2%
Broker/Dealer iS  IAI  39.79  -0.22  -0.5%     303.8   +1.9%   -3.3%    -22%
Broadband HLDRs   BDH  14.46  -0.04  -0.3%      11.7   +3.1%   +8.4%     +4%
Commodity iShare  GSG  67.90  +0.58  +0.9%     173.8   -2.9%   +8.5%    +29%
Consumer Disc SP  XLY  32.31  -0.25  -0.8%    2896.9   +1.9%   +2.7%     -1%
Consumer iShares  IYC  60.94  -0.34  -0.6%      75.2   +2.3%   +1.4%     -1%
Consumer Non-Cyc  IYK  60.70  +0.08  +0.1%      18.2   +0.9%   +0.6%     -5%
Consumer Stpl SP  XLP  28.49  +0.18  +0.6%    2311.0   +1.5%   +3.0%     -1%
Crude Oil ETF     USO 103.06  +0.80  +0.8%   10780.9   -3.6%  +11.4%    +36%
Energy SPDR       XLE  86.00  +0.88  +1.0%   26785.5   -0.3%   +5.2%     +9%
Financial SPDR    XLF  24.76  -0.32  -1.3%   64189.7   +0.4%   -7.0%    -14%
Gold              GLD  87.45  +0.94  +1.1%    4943.3   -4.1%   +0.9%     +6%
Gold Miners       GDX  46.02  +0.77  +1.7%    1099.9   -3.6%   +5.6%      0%
Health Care SPDR  XLV  32.08  -0.05  -0.2%    1456.8   +2.3%   +1.9%     -9%
Healthcare Prv    IHF  51.01  -0.18  -0.4%      44.3   +1.9%   +2.7%    -19%
Home Const iShrs  ITB  17.27  -0.21  -1.2%     182.0   +1.5%  -14.3%     -2%
Industrial SPDR   XLI  38.84  +0.24  +0.6%    4003.2   +2.8%   +0.9%      0%
Insurance iShare  IAK  42.84  -0.14  -0.3%       7.1   +1.0%   -3.0%    -14%
Internet HLDRs    HHH  57.54  -0.14  -0.2%      10.7    0.0%   +0.8%     -3%
Intnet Arch HLDR  IAH  51.69  +0.53  +1.0%       1.4   +5.0%   +7.0%     +2%
Materials SPDR    XLB  44.51  +0.05  +0.1%    8302.9   +1.5%   +5.2%     +7%
Medical Dev iShr  IHI  58.47  +0.11  +0.2%      29.9   +2.1%   +3.4%     -4%
Natural Gas       UNG  55.63  +1.47  +2.7%    1038.5   -1.4%   +6.4%    +53%
Natural Res iShr  IGE 150.12  +1.59  +1.1%     127.0   -0.8%   +7.6%    +12%
Network iShares   IGN  32.39  +0.35  +1.1%      21.7   +4.0%   +7.6%     -5%
Oil Svc HLDRs     OIH 211.40  +1.57  +0.7%    6894.5   +1.6%   +7.7%    +13%
Oil/Gas Expl iSh  IEO  81.34  +1.62  +2.0%     189.4   -0.4%   +8.4%    +22%
Pharmacutical HL  PPH  70.94  +0.47  +0.7%     270.6   +2.6%   +1.7%     -9%
Real Estate iShr  IYR  69.44  -0.28  -0.4%    4055.0   +2.5%   +0.8%     +6%
Retail Holders    RTH  96.62  -0.49  -0.5%    3631.8   +3.2%   +0.3%     +4%
Semiconductor iS  IGW  57.92  +0.84  +1.5%      79.3   +3.4%   +8.5%     -3%
Silver ETF        SLV 166.73  +1.95  +1.2%     508.2   -7.5%   -0.3%    +13%
Software iShares  IGV  51.73  +0.19  +0.4%      53.8   +4.4%   +9.7%      0%
Technology SPDR   XLK  25.35  +0.15  +0.6%    2739.3   +3.6%   +6.5%     -5%
Telecom iShares   IYZ  26.89  +0.02  +0.1%     476.2   +3.5%   +6.4%     -9%
Utilities SPDR    XLU  41.31  -0.28  -0.7%    3463.0   +1.0%   +3.6%     -2%
Wireless HLDRs    WMH  67.77  +0.76  +1.1%       5.7   +3.8%   +6.9%     -5%
Australia iShrs   EWA  29.27  +0.26  +0.9%    1089.0   +0.5%   +5.4%     +2%
Brazil iShares    EWZ  99.24  +1.66  +1.7%   10765.3   +1.8%   +9.9%    +23%
China 25 iShares  FXI 152.20  +0.15  +0.1%    2048.5   +1.7%   -4.2%    -11%
Canada iShares    EWC  35.01  +0.33  +1.0%     659.5   -0.3%   +7.9%     +9%
EAFE Index iShrs  EFA  76.71  +0.43  +0.6%    8463.1   +0.1%   +1.2%     -2%
Emerging Mkts iS  EEM 151.30  +0.52  +0.3%    9927.7   +1.8%   +3.2%     +1%
EMU iShares       EZU 114.48  +0.87  +0.8%     447.0   +0.1%   +1.2%     -4%
Euro Currency iS  FXE 156.07  +0.58  +0.4%     622.9   -1.3%   -0.3%     +7%
France iShares    EWQ  37.50  +0.30  +0.8%     139.2   +0.9%   +2.9%     -1%
Germany iShares   EWG  33.53  +0.19  +0.6%     337.7   +0.6%   +2.6%     -5%
HongKong iShares  EWH  19.41  +0.12  +0.6%    1711.9   +2.9%   -0.2%    -11%
India ETN         INP  68.20  +1.67  +2.5%     336.5   +3.6%   -7.8%    -30%
Japan iShares     EWJ  13.54  +0.18  +1.3%   24285.1   +1.7%   +2.0%     +2%
Malaysia iShares  EWM  11.63  +0.21  +1.8%    3493.6   +0.7%   -2.6%     -9%
Mexico iShares    EWW  62.98  +0.40  +0.6%    4070.3   +3.3%   +7.8%    +12%
Russia ETF        RSX  58.50  +0.96  +1.7%    1145.2   +3.3%  +17.6%    +15%
Singapore iShrs   EWS  13.74  +0.18  +1.3%    3211.4   +3.2%   +1.3%      0%
South Korea iShr  EWY  59.41  +0.75  +1.3%    1638.3   +4.6%   -1.2%     -8%
Switzerland iShr  EWL  25.91  +0.10  +0.4%     197.0   -0.7%   +0.3%      0%
Taiwan iShares    EWT  16.23  -0.05  -0.3%    8013.6   +0.2%   -2.0%     +8%
United Kgdm iShr  EWU  22.79  -0.05  -0.2%     264.5   -0.5%   -0.2%     -5%

Average                              +0.5%             +1.3%   +2.6%      0%

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

ETFs SORTED BY TODAY'S PERCENTAGE CHANGE

                      05/30                              WTD     MTD     YTD
                      Close       $      %    Volume  %Price  %Price  %Price
Name             Sym  Price  Change Change    X 1000  Change  Change  Change
---------------- ---- ------ ------ ------ ---------  ------  ------  ------
Natural Gas       UNG  55.63  +1.47  +2.7%    1038.5   -1.4%   +6.4%    +53%
India ETN         INP  68.20  +1.67  +2.5%     336.5   +3.6%   -7.8%    -30%
Oil/Gas Expl iSh  IEO  81.34  +1.62  +2.0%     189.4   -0.4%   +8.4%    +22%
Malaysia iShares  EWM  11.63  +0.21  +1.8%    3493.6   +0.7%   -2.6%     -9%
Gold Miners       GDX  46.02  +0.77  +1.7%    1099.9   -3.6%   +5.6%      0%
Brazil iShares    EWZ  99.24  +1.66  +1.7%   10765.3   +1.8%   +9.9%    +23%
Russia ETF        RSX  58.50  +0.96  +1.7%    1145.2   +3.3%  +17.6%    +15%
Aerospace/Def iS  ITA  64.77  +1.04  +1.6%      18.9   +2.8%   +1.6%     -5%
Semiconductor iS  IGW  57.92  +0.84  +1.5%      79.3   +3.4%   +8.5%     -3%
Japan iShares     EWJ  13.54  +0.18  +1.3%   24285.1   +1.7%   +2.0%     +2%
Singapore iShrs   EWS  13.74  +0.18  +1.3%    3211.4   +3.2%   +1.3%      0%
South Korea iShr  EWY  59.41  +0.75  +1.3%    1638.3   +4.6%   -1.2%     -8%
Silver ETF        SLV 166.73  +1.95  +1.2%     508.2   -7.5%   -0.3%    +13%
Gold              GLD  87.45  +0.94  +1.1%    4943.3   -4.1%   +0.9%     +6%
Natural Res iShr  IGE 150.12  +1.59  +1.1%     127.0   -0.8%   +7.6%    +12%
Network iShares   IGN  32.39  +0.35  +1.1%      21.7   +4.0%   +7.6%     -5%
Wireless HLDRs    WMH  67.77  +0.76  +1.1%       5.7   +3.8%   +6.9%     -5%
SP400 MidCp SPDR  MDY 160.62  +1.54  +1.0%    3434.2   +3.1%   +5.4%     +4%
Energy SPDR       XLE  86.00  +0.88  +1.0%   26785.5   -0.3%   +5.2%     +9%
Intnet Arch HLDR  IAH  51.69  +0.53  +1.0%       1.4   +5.0%   +7.0%     +2%
Canada iShares    EWC  35.01  +0.33  +1.0%     659.5   -0.3%   +7.9%     +9%
SP400 MdCp Grwth  IJK  93.23  +0.80  +0.9%     458.3   +2.9%   +5.8%     +5%
Commodity iShare  GSG  67.90  +0.58  +0.9%     173.8   -2.9%   +8.5%    +29%
Australia iShrs   EWA  29.27  +0.26  +0.9%    1089.0   +0.5%   +5.4%     +2%
Crude Oil ETF     USO 103.06  +0.80  +0.8%   10780.9   -3.6%  +11.4%    +36%
EMU iShares       EZU 114.48  +0.87  +0.8%     447.0   +0.1%   +1.2%     -4%
France iShares    EWQ  37.50  +0.30  +0.8%     139.2   +0.9%   +2.9%     -1%
T-Bond 20+ Yr iS  TLT  90.28  +0.59  +0.7%    2514.6   -1.6%   -2.7%     -3%
Oil Svc HLDRs     OIH 211.40  +1.57  +0.7%    6894.5   +1.6%   +7.7%    +13%
Pharmacutical HL  PPH  70.94  +0.47  +0.7%     270.6   +2.6%   +1.7%     -9%
Nasdaq 100 Shrs  QQQQ  50.01  +0.32  +0.6%   93993.4   +3.8%   +5.9%     -2%
Rus2000 Grwth iS  IWO  80.86  +0.51  +0.6%    2759.8   +3.7%   +5.5%     -3%
Consumer Stpl SP  XLP  28.49  +0.18  +0.6%    2311.0   +1.5%   +3.0%     -1%
Industrial SPDR   XLI  38.84  +0.24  +0.6%    4003.2   +2.8%   +0.9%      0%
Technology SPDR   XLK  25.35  +0.15  +0.6%    2739.3   +3.6%   +6.5%     -5%
EAFE Index iShrs  EFA  76.71  +0.43  +0.6%    8463.1   +0.1%   +1.2%     -2%
Germany iShares   EWG  33.53  +0.19  +0.6%     337.7   +0.6%   +2.6%     -5%
HongKong iShares  EWH  19.41  +0.12  +0.6%    1711.9   +2.9%   -0.2%    -11%
Mexico iShares    EWW  62.98  +0.40  +0.6%    4070.3   +3.3%   +7.8%    +12%
SP600 SmlCp iSh   IJR  65.18  +0.33  +0.5%    2089.5   +2.9%   +4.2%      0%
NDX Equal Weight QQEW  21.66  +0.11  +0.5%      11.0   +4.0%   +5.5%     -2%
SP600 SmCp Grwth  IJT 135.43  +0.59  +0.4%     152.4   +3.1%   +4.4%      0%
InvesTop CrpB iS  LQD 103.20  +0.41  +0.4%     171.4   -1.3%   -2.6%     -2%
TIPS Bond iShrs   TIP 106.78  +0.42  +0.4%     959.6   -1.6%   -0.3%     +1%
Software iShares  IGV  51.73  +0.19  +0.4%      53.8   +4.4%   +9.7%      0%
Euro Currency iS  FXE 156.07  +0.58  +0.4%     622.9   -1.3%   -0.3%     +7%
Switzerland iShr  EWL  25.91  +0.10  +0.4%     197.0   -0.7%   +0.3%      0%
SP500 LgCp Grwth  IVW  68.03  +0.19  +0.3%     437.5   +1.8%   +2.5%     -3%
Russell 2000 iSh  IWM  74.67  +0.26  +0.3%   41630.5   +3.4%   +4.6%     -2%
T-Bnd 7-10 Yr iS  IEF  87.31  +0.29  +0.3%    2838.3   -1.4%   -2.1%      0%
Emerging Mkts iS  EEM 151.30  +0.52  +0.3%    9927.7   +1.8%   +3.2%     +1%
SP500 LgCap SPDR  SPY 140.35  +0.35  +0.2%  116691.2   +2.0%   +1.5%     -4%
SP400 MdCp Value  IJJ  81.41  +0.17  +0.2%      69.2   +2.1%   +4.5%     +2%
SP500 Equal Wght  RSP  46.46  +0.10  +0.2%     186.4   +2.4%   +2.7%     -1%
Biotech iShares   IBB  79.50  +0.14  +0.2%     683.6   +3.0%   +2.4%     -2%
Medical Dev iShr  IHI  58.47  +0.11  +0.2%      29.9   +2.1%   +3.4%     -4%
T-Bond 1-3 Yr iS  SHY  82.91  +0.12  +0.1%    1970.0   -0.2%   -0.5%     +1%
Consumer Non-Cyc  IYK  60.70  +0.08  +0.1%      18.2   +0.9%   +0.6%     -5%
Materials SPDR    XLB  44.51  +0.05  +0.1%    8302.9   +1.5%   +5.2%     +7%
Telecom iShares   IYZ  26.89  +0.02  +0.1%     476.2   +3.5%   +6.4%     -9%
China 25 iShares  FXI 152.20  +0.15  +0.1%    2048.5   +1.7%   -4.2%    -11%
SP600 SmCp Value  IJS  69.80  -0.01   0.0%     124.0   +2.6%   +3.9%      0%
Diamonds          DIA 126.13  -0.10  -0.1%    8059.8   +1.2%   -1.4%     -4%
SP100 iSh         OEF  64.11  -0.08  -0.1%    1093.4   +1.6%   -0.3%     -7%
Rus2000 Value iS  IWN  70.28  -0.10  -0.1%    1483.8   +2.5%   +3.1%      0%
Health Care SPDR  XLV  32.08  -0.05  -0.2%    1456.8   +2.3%   +1.9%     -9%
Internet HLDRs    HHH  57.54  -0.14  -0.2%      10.7    0.0%   +0.8%     -3%
United Kgdm iShr  EWU  22.79  -0.05  -0.2%     264.5   -0.5%   -0.2%     -5%
SP500 LgCp Value  IVE  71.81  -0.19  -0.3%     467.5   +1.7%    0.0%     -6%
Broadband HLDRs   BDH  14.46  -0.04  -0.3%      11.7   +3.1%   +8.4%     +4%
Insurance iShare  IAK  42.84  -0.14  -0.3%       7.1   +1.0%   -3.0%    -14%
Taiwan iShares    EWT  16.23  -0.05  -0.3%    8013.6   +0.2%   -2.0%     +8%
Healthcare Prv    IHF  51.01  -0.18  -0.4%      44.3   +1.9%   +2.7%    -19%
Real Estate iShr  IYR  69.44  -0.28  -0.4%    4055.0   +2.5%   +0.8%     +6%
Broker/Dealer iS  IAI  39.79  -0.22  -0.5%     303.8   +1.9%   -3.3%    -22%
Retail Holders    RTH  96.62  -0.49  -0.5%    3631.8   +3.2%   +0.3%     +4%
Consumer iShares  IYC  60.94  -0.34  -0.6%      75.2   +2.3%   +1.4%     -1%
Utilities SPDR    XLU  41.31  -0.28  -0.7%    3463.0   +1.0%   +3.6%     -2%
Consumer Disc SP  XLY  32.31  -0.25  -0.8%    2896.9   +1.9%   +2.7%     -1%
DJ Sel Dividend   DVY  58.25  -0.58  -1.0%     722.8   +0.1%   -1.9%    -10%
Bank Regional HL  RKH 114.57  -1.21  -1.0%     763.8   -0.1%   -6.7%    -11%
Home Const iShrs  ITB  17.27  -0.21  -1.2%     182.0   +1.5%  -14.3%     -2%
Financial SPDR    XLF  24.76  -0.32  -1.3%   64189.7   +0.4%   -7.0%    -14%

Average                              +0.5%             +1.3%   +2.6%      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   05/30   Day   Day   Blinkers Sgnl/Days
--------------------- ---  ---  ---   -----  ----  ---- |---------|---------
Crude Oil ETF     USO   1    0    0   +0.8%   -2%   +2%  4 -+ -+    SELL   1
Brazil iShares    EWZ   2    0   +2   +1.7%   +2%   +7%  4 -+ -+    SELL   1
Russia ETF        RSX   3    0  +15   +1.7%   +3%   +8%  1 ++ ++     BUY  23
Natural Gas       UNG   4   +2   -2   +2.7%    0%   +3%  4 -+ -+ +  SELL  14
Oil Svc HLDRs     OIH   5   -1   -2   +0.8%    0%   +2%  4 -+ -+ -  SELL   7
Oil/Gas Expl iSh  IEO   6   -1    0   +2.0%   -2%   +1%  4 -+ -+ -  SELL   2
Commodity iShare  GSG   7   +1    0   +0.9%   -3%   +1%  4 -+ -+ +  SELL   1
Natural Res iShr  IGE   8   -1   +1   +1.1%   -2%   +2%  4 -+ -+ -  SELL   1
Broadband HLDRs   BDH   9   +6  +10   -0.3%   +5%   +7%  1 ++ ++ +   BUY  66
Network iShares   IGN  10   +1   +2   +1.1%   +4%   +6%  1 ++ ++ +   BUY  67
Energy SPDR       XLE  11   -2   -3   +1.0%   -2%   +1%  4 -+ -+ -  SELL   3
Canada iShares    EWC  12   -2  +14   +1.0%   -1%   +4%  4 -+ -+ -  SELL   1
Semiconductor iS  IGW  13    0    0   +1.5%   +3%   +4%  4 -+ ++    SELL   7
Telecom iShares   IYZ  14    0   +2   +0.1%   +2%   +4%  1 ++ ++     BUY   0
Software iShares  IGV  15   +6  +19   +0.4%   +4%   +6%  1 ++ ++ +   BUY  73
Australia iShrs   EWA  16   -4   +7   +0.9%   -1%   +2%  4 -+ -+ -  SELL   3
Nasdaq 100 Shrs  QQQQ  17   -1   -7   +0.6%   +3%   +3%  4 -+ ++ -  SELL   9
SP400 MdCp Grwth  IJK  18   -1   +3   +0.9%   +2%   +4%  4 -+ ++ -  SELL   7
SP400 MidCp SPDR  MDY  19   -1   +5   +1.0%   +2%   +4%  4 -+ ++ -  SELL   7
Wireless HLDRs    WMH  20    0  +12   +1.1%   +4%   +4%  4 -+ ++    SELL   7
Intnet Arch HLDR  IAH  21   +6   -7   +1.0%   +5%   +3%  1 ++ ++ +   BUY   0
Technology SPDR   XLK  22   +3   -5   +0.6%   +3%   +3%  4 -+ ++ +  SELL   8
SP400 MdCp Value  IJJ  23    0   +5   +0.2%   +1%   +3%  4 -+ -+    SELL   7
Emerging Mkts iS  EEM  24   -5   -9   +0.3%    0%   +2%  4 -+ -+ -  SELL   7
NDX Equal Weight QQEW  25   +1  +10   +0.5%   +3%   +4%  4 -+ ++ +  SELL   8
Materials SPDR    XLB  26   -4  +11   +0.1%    0%   +1%  4 -+ -+ -  SELL   7
Rus2000 Grwth iS  IWO  27   +3  +21   +0.6%   +3%   +5%  1 ++ ++ +   BUY   1
SP600 SmCp Grwth  IJT  28   +5  +19   +0.4%   +2%   +4%  1 ++ ++ +   BUY   1
Mexico iShares    EWW  29  +13  +31   +0.6%   +2%   +6%  1 ++ ++ +   BUY  14
Japan iShares     EWJ  30   -2   -5   +1.4%   +1%   +1%  4 -+ ++ -  SELL   9
France iShares    EWQ  31    0   +5   +0.8%    0%   +2%  4 -+ -+    SELL   7
Russell 2000 iSh  IWM  32   +6  +21   +0.4%   +2%   +4%  1 ++ ++ +   BUY   1
SP600 SmlCp iSh   IJR  33   +7  +22   +0.5%   +2%   +4%  1 ++ ++ +   BUY   1
Utilities SPDR    XLU  34   +9  +23   -0.7%   -1%   +4%  3 ++ -+ +   BUY  14
Germany iShares   EWG  35   -3   +7   +0.6%   -1%   +1%  4 -+ -+ -  SELL   3
SP500 LgCp Grwth  IVW  36   -1   +3   +0.3%   +1%   +1%  4 -+ -+ -  SELL   8
China 25 iShares  FXI  37  -13  -32   +0.1%   -1%   -2%  5 -- -+ -  SELL  18
Aerospace/Def iS  ITA  38   -9   -9   +1.6%   +2%    0%  4 -+ -+ -  SELL   9
EAFE Index iShrs  EFA  39   -5   -1   +0.6%   -1%    0%  4 -+ -+ -  SELL   8
SP600 SmCp Value  IJS  40  +11  +22   -0.0%   +1%   +4%  1 ++ ++ +   BUY   1
SP500 Equal Wght  RSP  41   -5   +2   +0.2%   +1%   +2%  4 -+ -+ -  SELL   8
Rus2000 Value iS  IWN  42  +11  +17   -0.1%   +2%   +3%  1 ++ ++ +  SELL   9
Internet HLDRs    HHH  43   +9  +21   -0.2%   -1%   +4%  4 -+ -+ +  SELL   1
EMU iShares       EZU  44   -5    0   +0.8%   -1%   +1%  4 -+ -+ -  SELL   9
Singapore iShrs   EWS  45   -4  -34   +1.3%   +2%   +2%  4 -+ ++ -  SELL  23
Real Estate iShr  IYR  46   -9  -26   -0.4%   +2%   +1%  4 -+ -+ -  SELL  23
Consumer iShares  IYC  47   +3   +8   -0.6%   +1%   +1%  4 -+ -+ +  SELL   9
HongKong iShares  EWH  48   -2  -26   +0.6%   +2%   -1%  4 -+ ++ -  SELL  10
Industrial SPDR   XLI  49   -4   +1   +0.6%   +1%   +1%  4 -+ ++ -  SELL   9
SP500 LgCap SPDR  SPY  50   -1   -1   +0.3%   +1%   +1%  4 -+ -+ -  SELL   9
United Kgdm iShr  EWU  51   -4  -10   -0.2%   -2%   -2%  5 -- -+ -  SELL   9
Retail Holders    RTH  52   +2  -12   -0.5%   +2%   +2%  4 -+ ++ +  SELL  22
Consumer Disc SP  XLY  53   -9   -2   -0.8%   +1%    0%  5 -- -+ -  SELL   8
Medical Dev iShr  IHI  54   +9  +19   +0.2%   +1%   +3%  1 ++ ++ +   BUY  29
Biotech iShares   IBB  55   +7   +8   +0.2%   +3%   +3%  1 ++ ++ +   BUY   0
Healthcare Prv    IHF  56  +15  +24   -0.4%    0%   +3%  1 ++ ++ +   BUY  59
Consumer Stpl SP  XLP  57   +4  +10   +0.6%   +1%   +2%  1 ++ ++ +   BUY   0
Switzerland iShr  EWL  58   +1   +8   +0.4%   -1%   +1%  5 -- -+ +  SELL   3
Taiwan iShares    EWT  59  -11  -28   -0.3%   -2%   -1%  5 -- -+ -  SELL  36
SP100 iSh         OEF  60   -5   -6   -0.1%    0%   -1%  5 -- -+ -  SELL   9
South Korea iShr  EWY  61   -1  -28   +1.3%   +3%   +1%  4 -+ ++ -  SELL  22
SP500 LgCp Value  IVE  62   -5   -1   -0.3%    0%   -1%  5 -- -+ -  SELL   9
Diamonds          DIA  63   -7  -11   -0.1%    0%   -1%  5 -- -+ -  SELL  10
Euro Currency iS  FXE  64    0   +7   +0.4%   -1%   +1%  3 +- -+     BUY   9
Health Care SPDR  XLV  65   +5  +10   -0.2%   +1%   +2%  1 ++ ++ +   BUY   1
Consumer Non-Cyc  IYK  66   +1   +6   +0.1%    0%   +1%  4 -+ +- +  SELL   8
Pharmacutical HL  PPH  67   +6   +9   +0.7%   +1%   +1%  2 ++ +- +   BUY   1
TIPS Bond iShrs   TIP  68   +4   +9   +0.4%   -1%   -1%  5 -- -- +  SELL   0
T-Bond 1-3 Yr iS  SHY  69   +5   +5   +0.1%    0%    0%  4 -- +- +  SELL   2
Broker/Dealer iS  IAI  70  -12  -24   -0.6%    0%   -3%  6 -- -- -  SELL   9
Silver ETF        SLV  71   +8  +11   +1.2%   -6%    0%  3 +- -- +   BUY  14
Gold              GLD  72   +5   +9   +1.1%   -4%    0%  3 +- -- +   BUY  14
InvesTop CrpB iS  LQD  73   -7   -3   +0.4%   -1%   -2%  6 -- -- -  SELL   8
DJ Sel Dividend   DVY  74   -9   -6   -1.0%   -2%   -2%  6 -- -- -  SELL   9
Gold Miners       GDX  75   +6   +8   +1.7%   -4%    0%  3 +- -- +   BUY  18
Insurance iShare  IAK  76   -1  -11   -0.3%    0%   -1%  6 -- -- -  SELL  21
T-Bnd 7-10 Yr iS  IEF  77   +5   +1   +0.3%   -1%   -2%  5 -- -- +  SELL   2
T-Bond 20+ Yr iS  TLT  78   +2   +1   +0.7%   -1%   -2%  5 -- -- +  SELL   2
Malaysia iShares  EWM  79   -1  -10   +1.8%    0%   -1%  4 -- +- -  SELL  21
Financial SPDR    XLF  80  -11  -35   -1.3%   -1%   -5%  6 -- -- -  SELL  18
India ETN         INP  81  -13  -54   +2.5%    0%   -4%  6 -- -- -  SELL  17
Bank Regional HL  RKH  82   -6  -24   -1.1%   -2%   -6%  6 -- -- -  SELL  16
Home Const iShrs  ITB  83    0  -53   -1.2%    0%  -10%  6 -- --    SELL  46

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

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...:    23     60
% of Total......:   28%    72%
Ave Days Elapsed:    18     10
Ave High Profit.:   +4%    +1%
Ave Profit......:   +2%     0%

Percentage of PMOs Rising ..........:  42%
Percentage of PMOs Above Zero.......:  78%

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

                       05/30               Cal
                       Close      %       Days    High   Today   PMO
Name/Symbol            Price Change Signl Elap     P/L     P/L R/F Days
--------------------- ------ ------ ----- ---- ------- ------- --------
Biotech iShares   IBB  79.50  +0.2%   BUY    0    0.0%   -2.7%    R   1
Consumer Stpl SP  XLP  28.49  +0.6%   BUY    0    0.0%   -1.0%    R   1
Intnet Arch HLDR  IAH  51.69  +1.0%   BUY    0    0.0%   -5.8%    R   2
Telecom iShares   IYZ  26.89  +0.1%   BUY    0    0.0%   -2.7%    R   1
SP600 SmlCp iSh   IJR  65.18  +0.5%   BUY    1    0.5%    0.5%    R   2
SP600 SmCp Grwth  IJT 135.43  +0.4%   BUY    1    0.4%    0.4%    R   2
SP600 SmCp Value  IJS  69.80   0.0%   BUY    1    0.0%    0.0%    R   2
Russell 2000 iSh  IWM  74.67  +0.3%   BUY    1    0.3%    0.3%    R   2
Rus2000 Grwth iS  IWO  80.86  +0.6%   BUY    1    0.6%    0.6%    R   2
Health Care SPDR  XLV  32.08  -0.2%   BUY    1    0.0%   -0.2%    R   1
Pharmacutical HL  PPH  70.94  +0.7%   BUY    1    0.7%    0.7%    R   1
Euro Currency iS  FXE 156.07  +0.4%   BUY    9    0.0%   -1.4%    F   1
Gold              GLD  87.45  +1.1%   BUY   14    3.2%   -1.9%    F   1
Silver ETF        SLV 166.73  +1.2%   BUY   14    7.6%   -0.5%    F   1
Utilities SPDR    XLU  41.31  -0.7%   BUY   14    1.7%    1.0%    F   0
Mexico iShares    EWW  62.98  +0.6%   BUY   14    1.7%    1.7%    R   3
Gold Miners       GDX  46.02  +1.7%   BUY   18    6.0%    0.1%    F   1
Russia ETF        RSX  58.50  +1.7%   BUY   23   12.8%   12.5%    R   0
Medical Dev iShr  IHI  58.47  +0.2%   BUY   29    1.5%    1.5%    R   3
Healthcare Prv    IHF  51.01  -0.4%   BUY   59    4.5%    4.1%    R  14
Broadband HLDRs   BDH  14.46  -0.3%   BUY   66   15.8%   15.5%    R   7
Network iShares   IGN  32.39  +1.1%   BUY   67   15.8%   15.8%    R   1
Software iShares  IGV  51.73  +0.4%   BUY   73   15.8%   15.8%    R   3
TIPS Bond iShrs   TIP 106.78  +0.4%  SELL    0    0.0%   -1.0%    F  16
Commodity iShare  GSG  67.90  +0.9%  SELL    1    0.0%   -0.9%    F   3
Crude Oil ETF     USO 103.06  +0.8%  SELL    1    0.0%   -0.8%    F   3
Internet HLDRs    HHH  57.54  -0.2%  SELL    1    0.2%    0.2%    F   7
Natural Res iShr  IGE 150.12  +1.1%  SELL    1    0.0%   -1.1%    F   7
Brazil iShares    EWZ  99.24  +1.7%  SELL    1    0.0%   -1.7%    F   1
Canada iShares    EWC  35.01  +1.0%  SELL    1    0.0%   -1.0%    F   7
T-Bond 1-3 Yr iS  SHY  82.91  +0.1%  SELL    2    0.0%   -0.1%    R   0
T-Bnd 7-10 Yr iS  IEF  87.31  +0.3%  SELL    2    0.5%    0.1%    F   3
T-Bond 20+ Yr iS  TLT  90.28  +0.7%  SELL    2    0.7%    0.1%    F   3
Oil/Gas Expl iSh  IEO  81.34  +2.0%  SELL    2    2.9%    0.9%    F   8
Energy SPDR       XLE  86.00  +1.0%  SELL    3    0.9%   -0.2%    F   8
Australia iShrs   EWA  29.27  +0.9%  SELL    3    0.9%    0.0%    F   9
Germany iShares   EWG  33.53  +0.6%  SELL    3    0.1%   -0.4%    F   7
Switzerland iShr  EWL  25.91  +0.4%  SELL    3    0.3%   -0.1%    F   7
SP400 MidCp SPDR  MDY 160.62  +1.0%  SELL    7    0.0%   -3.1%    R   0
SP400 MdCp Grwth  IJK  93.23  +0.9%  SELL    7    0.0%   -2.9%    R   0
SP400 MdCp Value  IJJ  81.41  +0.2%  SELL    7    0.0%   -2.1%    F   9
Materials SPDR    XLB  44.51  +0.1%  SELL    7    0.5%   -1.5%    F   9
Oil Svc HLDRs     OIH 211.40  +0.7%  SELL    7    0.0%   -1.6%    F   1
Semiconductor iS  IGW  57.92  +1.5%  SELL    7    0.0%   -3.4%    R   0
Wireless HLDRs    WMH  67.77  +1.1%  SELL    7    0.0%   -3.8%    R   1
Emerging Mkts iS  EEM 151.30  +0.3%  SELL    7    0.2%   -1.8%    F  10
France iShares    EWQ  37.50  +0.8%  SELL    7    0.1%   -0.9%    F   7
SP500 LgCp Grwth  IVW  68.03  +0.3%  SELL    8    1.1%   -0.7%    F   9
SP500 Equal Wght  RSP  46.46  +0.2%  SELL    8    1.3%   -1.0%    F  10
NDX Equal Weight QQEW  21.66  +0.5%  SELL    8    1.1%   -2.9%    R   1
InvesTop CrpB iS  LQD 103.20  +0.4%  SELL    8    1.3%    0.9%    F   9
Consumer Disc SP  XLY  32.31  -0.8%  SELL    8    1.7%   -0.2%    F  10
Consumer Non-Cyc  IYK  60.70  +0.1%  SELL    8    0.6%   -0.4%    R   1
Technology SPDR   XLK  25.35  +0.6%  SELL    8    0.4%   -3.1%    R   1
EAFE Index iShrs  EFA  76.71  +0.6%  SELL    8    1.6%    1.0%    F  10
Nasdaq 100 Shrs  QQQQ  50.01  +0.6%  SELL    9    0.0%   -3.8%    R   1
SP500 LgCap SPDR  SPY 140.35  +0.2%  SELL    9    1.3%   -0.6%    F  10
SP100 iSh         OEF  64.11  -0.1%  SELL    9    1.1%   -0.4%    F  10
SP500 LgCp Value  IVE  71.81  -0.3%  SELL    9    1.2%   -0.5%    F  10
Rus2000 Value iS  IWN  70.28  -0.1%  SELL    9    0.4%   -2.1%    R   2
DJ Sel Dividend   DVY  58.25  -1.0%  SELL    9    0.9%    0.7%    F  11
Aerospace/Def iS  ITA  64.77  +1.6%  SELL    9    1.0%   -1.7%    F  10
Broker/Dealer iS  IAI  39.79  -0.5%  SELL    9    1.3%   -0.5%    F  11
Consumer iShares  IYC  60.94  -0.6%  SELL    9    0.7%   -1.7%    F   0
Industrial SPDR   XLI  38.84  +0.6%  SELL    9    1.7%   -1.1%    R  10
EMU iShares       EZU 114.48  +0.8%  SELL    9    1.0%    0.2%    F   9
Japan iShares     EWJ  13.54  +1.3%  SELL    9    0.2%   -2.3%    R   0
United Kgdm iShr  EWU  22.79  -0.2%  SELL    9    0.4%    0.4%    F  10
Diamonds          DIA 126.13  -0.1%  SELL   10    3.0%    1.8%    F  10
HongKong iShares  EWH  19.41  +0.6%  SELL   10    1.0%   -1.9%    R   0
Natural Gas       UNG  55.63  +2.7%  SELL   14    1.6%   -4.5%    F   1
Bank Regional HL  RKH 114.57  -1.0%  SELL   16    6.6%    6.2%    F  14
India ETN         INP  68.20  +2.5%  SELL   17    5.5%    1.7%    F  14
Financial SPDR    XLF  24.76  -1.3%  SELL   18    6.3%    5.9%    F  23
China 25 iShares  FXI 152.20  +0.1%  SELL   18    2.1%    0.4%    F  23
Insurance iShare  IAK  42.84  -0.3%  SELL   21    1.1%   -0.2%    F   0
Malaysia iShares  EWM  11.63  +1.8%  SELL   21    2.6%    0.9%    R   0
Retail Holders    RTH  96.62  -0.5%  SELL   22    1.0%   -2.2%    R   1
South Korea iShr  EWY  59.41  +1.3%  SELL   22    3.3%   -1.2%    R   1
Real Estate iShr  IYR  69.44  -0.4%  SELL   23    1.7%   -0.8%    F  10
Singapore iShrs   EWS  13.74  +1.3%  SELL   23    2.1%   -1.0%    R   0
Taiwan iShares    EWT  16.23  -0.3%  SELL   36    4.3%    3.5%    F  10
Home Const iShrs  ITB  17.27  -1.2%  SELL   46   13.9%   12.6%    F  31

Average                       +0.5%         12    2.1%    0.3%        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...:    68     15
% of Total......:   82%    18%
Ave Days Elapsed:   207    174
Ave High Profit.:  +13%   +14%
Ave Profit......:  +10%    +8%
Ave Rel to Stop.:  +10%    -7%

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.

                        05/30              Cal                        Price
                        Close      %      Days   High  Today         Rel to
Name/Symbol             Price Change Sgnl Elap    P/L    P/L   STOP    Stop
--------------------- ------- ------ ---- ---- ------ ------ ------ -------
Utilities SPDR    XLU   41.31  -0.7%  BUY   11   0.8%   0.2%  37.43  +10.4%
Russell 2000 iSh  IWM   74.67  +0.3%  BUY   14   1.0%   1.0%  67.20  +11.1%
Gold Miners       GDX   46.02  +1.7%  BUY   14   3.0%  -2.7%  43.85   +5.0%
SP600 SmCp Value  IJS   69.80   0.0%  BUY   15   0.0%   0.0%  62.83  +11.1%
Broadband HLDRs   BDH   14.46  -0.3%  BUY   15   4.9%   4.6%  13.05  +10.8%
Consumer iShares  IYC   60.94  -0.6%  BUY   16   1.1%  -1.6%  56.37   +8.1%
Network iShares   IGN   32.39  +1.1%  BUY   16   3.6%   3.6%  29.15  +11.1%
Semiconductor iS  IGW   57.92  +1.5%  BUY   16   2.9%   1.4%  52.90   +9.5%
SP600 SmlCp iSh   IJR   65.18  +0.5%  BUY   17   1.6%   1.6%  58.66  +11.1%
Rus2000 Grwth iS  IWO   80.86  +0.6%  BUY   18   2.8%   2.8%  72.77  +11.1%
SP100 iSh         OEF   64.11  -0.1%  BUY   28   0.2%  -2.2%  59.08   +8.5%
Diamonds          DIA  126.13  -0.1%  BUY   29   0.6%  -2.7% 117.36   +7.5%
SP500 LgCap SPDR  SPY  140.35  +0.2%  BUY   29   1.4%  -0.5% 128.75   +9.0%
SP500 Equal Wght  RSP   46.46  +0.2%  BUY   29   2.0%   0.4%  42.45   +9.4%
NDX Equal Weight QQEW   21.66  +0.5%  BUY   29   3.1%   2.6%  19.59  +10.5%
Biotech iShares   IBB   79.50  +0.2%  BUY   29   0.2%   0.2%  71.55  +11.1%
Consumer Disc SP  XLY   32.31  -0.8%  BUY   29   0.4%  -3.7%  30.30   +6.6%
Wireless HLDRs    WMH   67.77  +1.1%  BUY   29   5.5%   5.1%  61.20  +10.7%
SP600 SmCp Grwth  IJT  135.43  +0.4%  BUY   32   3.5%   3.5% 121.89  +11.1%
Japan iShares     EWJ   13.54  +1.3%  BUY   32   2.1%   1.5%  12.26  +10.5%
SP400 MdCp Value  IJJ   81.41  +0.2%  BUY   35   4.7%   3.9%  73.81  +10.3%
Aerospace/Def iS  ITA   64.77  +1.6%  BUY   36   4.9%   2.5%  59.65   +8.6%
Software iShares  IGV   51.73  +0.4%  BUY   36   7.4%   7.4%  46.56  +11.1%
Technology SPDR   XLK   25.35  +0.6%  BUY   36   4.7%   4.1%  22.95  +10.5%
HongKong iShares  EWH   19.41  +0.6%  BUY   38   5.0%   1.4%  18.09   +7.3%
Nasdaq 100 Shrs  QQQQ   50.01  +0.6%  BUY   42   7.1%   7.1%  45.01  +11.1%
SP500 LgCp Grwth  IVW   68.03  +0.3%  BUY   42   3.0%   1.6%  62.06   +9.6%
United Kgdm iShr  EWU   22.79  -0.2%  BUY   42   2.3%  -1.0%  21.20   +7.5%
SP400 MidCp SPDR  MDY  160.62  +1.0%  BUY   44   7.0%   6.9% 144.63  +11.1%
Canada iShares    EWC   35.01  +1.0%  BUY   44   8.4%   6.2%  31.43  +11.4%
Germany iShares   EWG   33.53  +0.6%  BUY   44   4.6%   2.5%  30.79   +8.9%
Natural Res iShr  IGE  150.12  +1.1%  BUY   52  16.7%  11.2% 131.14  +14.5%
Energy SPDR       XLE   86.00  +1.0%  BUY   53  16.3%  10.7%  75.66  +13.7%
China 25 iShares  FXI  152.20  +0.1%  BUY   53   9.1%   1.5% 147.28   +3.3%
EAFE Index iShrs  EFA   76.71  +0.6%  BUY   53   4.3%   1.9%  70.67   +8.5%
South Korea iShr  EWY   59.41  +1.3%  BUY   53   2.8%  -0.4%  55.22   +7.6%
SP400 MdCp Grwth  IJK   93.23  +0.9%  BUY   56   9.0%   8.9%  83.93  +11.1%
Real Estate iShr  IYR   69.44  -0.4%  BUY   57   2.4%  -0.8%  64.49   +7.7%
Australia iShrs   EWA   29.27  +0.9%  BUY   57  11.2%   7.4%  27.29   +7.3%
Internet HLDRs    HHH   57.54  -0.2%  BUY   58   2.4%   0.4%  52.79   +9.0%
Industrial SPDR   XLI   38.84  +0.6%  BUY   59   3.8%   1.5%  35.75   +8.6%
Emerging Mkts iS  EEM  151.30  +0.3%  BUY   59  11.2%   8.4% 139.62   +8.4%
EMU iShares       EZU  114.48  +0.8%  BUY   59   4.4%   2.1% 105.33   +8.7%
France iShares    EWQ   37.50  +0.8%  BUY   59   4.8%   4.0%  34.00  +10.3%
Switzerland iShr  EWL   25.91  +0.4%  BUY   59   0.8%  -2.1%  24.00   +7.9%
Malaysia iShares  EWM   11.63  +1.8%  BUY   60   3.5%  -1.9%  11.04   +5.3%
Singapore iShrs   EWS   13.74  +1.3%  BUY   66   8.8%   6.4%  12.65   +8.7%
Intnet Arch HLDR  IAH   51.69  +1.0%  BUY   67   9.1%   9.1%  46.52  +11.1%
Retail Holders    RTH   96.62  -0.5%  BUY   67   3.0%   1.1%  88.64   +9.0%
Taiwan iShares    EWT   16.23  -0.3%  BUY   98  14.5%   7.8%  15.51   +4.7%
Oil Svc HLDRs     OIH  211.40  +0.7%  BUY  101  28.6%  24.5% 178.79  +18.2%
Natural Gas       UNG   55.63  +2.7%  BUY  106  33.3%  30.4%  45.08  +23.4%
Russia ETF        RSX   58.50  +1.7%  BUY  108  25.9%  25.6%  49.25  +18.8%
Oil/Gas Expl iSh  IEO   81.34  +2.0%  BUY  109  32.0%  25.4%  67.73  +20.1%
Materials SPDR    XLB   44.51  +0.1%  BUY  119  12.8%   9.1%  41.14   +8.2%
Mexico iShares    EWW   62.98  +0.6%  BUY  120  13.5%  13.5%  56.68  +11.1%
Silver ETF        SLV  166.73  +1.2%  BUY  256  62.3%  31.2% 159.66   +4.4%
Crude Oil ETF     USO  103.06  +0.8%  BUY  267  87.9%  78.8%  79.07  +30.3%
Brazil iShares    EWZ   99.24  +1.7%  BUY  282  77.4%  75.2%  78.91  +25.8%
Commodity iShare  GSG   67.90  +0.9%  BUY  399  67.9%  61.1%  55.81  +21.7%
Gold              GLD   87.45  +1.1%  BUY  574  59.2%  40.4%  83.66   +4.5%
T-Bond 20+ Yr iS  TLT   90.28  +0.7%  BUY  616  14.9%   7.2%  87.15   +3.6%
Euro Currency iS  FXE  156.07  +0.4%  BUY  751  25.1%  21.9% 144.09   +8.3%
TIPS Bond iShrs   TIP  106.78  +0.4%  BUY 1345  19.2%  14.1% 100.37   +6.4%
T-Bond 1-3 Yr iS  SHY   82.91  +0.1%  BUY 1592  16.2%  14.2%  75.90   +9.2%
Consumer Stpl SP  XLP   28.49  +0.6%  BUY 1607  41.7%  38.4%  26.26   +8.5%
InvesTop CrpB iS  LQD  103.20  +0.4%  BUY 1838  16.2%  11.5%  96.81   +6.6%
T-Bnd 7-10 Yr iS  IEF   87.31  +0.3%  BUY 1838  23.4%  16.4%  83.28   +4.8%
India ETN         INP   68.20  +2.5% SELL   17   5.5%   1.7%  73.80   -7.6%
Home Const iShrs  ITB   17.27  -1.2% SELL   46  13.9%  12.6%  21.46  -19.5%
Medical Dev iShr  IHI   58.47  +0.2% SELL   84   2.1%  -5.5%  59.71   -2.1%
Health Care SPDR  XLV   32.08  -0.2% SELL  126   7.1%   2.3%  33.55   -4.4%
Healthcare Prv    IHF   51.01  -0.4% SELL  126  19.9%  11.8%  54.49   -6.4%
Consumer Non-Cyc  IYK   60.70  +0.1% SELL  133   1.8%  -2.4%  64.02   -5.2%
Broker/Dealer iS  IAI   39.79  -0.5% SELL  147  27.7%  15.9%  45.32  -12.2%
SP500 LgCp Value  IVE   71.81  -0.3% SELL  191  10.1%   3.5%  74.12   -3.1%
Rus2000 Value iS  IWN   70.28  -0.1% SELL  205  14.3%   2.6%  70.57   -0.4%
Insurance iShare  IAK   42.84  -0.3% SELL  205  17.8%  12.6%  46.79   -8.4%
Bank Regional HL  RKH  114.57  -1.0% SELL  210  15.6%  13.7% 128.26  -10.7%
Financial SPDR    XLF   24.76  -1.3% SELL  211  26.3%  21.5%  28.42  -12.9%
Telecom iShares   IYZ   26.89  +0.1% SELL  289  29.2%  14.2%  27.25   -1.3%
DJ Sel Dividend   DVY   58.25  -1.0% SELL  308  16.3%  14.1%  63.12   -7.7%
Pharmacutical HL  PPH   70.94  +0.7% SELL  308   9.0%   5.6%  75.21   -5.7%

Average                        +0.5%       201  13.4%   9.6%          +7.1%

****************************************************************************
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...:       23     60                   68     15
% of Total......:      28%    72%                  82%    18%
Ave Days Elapsed:       18     10                  207    174
Ave High Profit.:      +4%    +1%                 +13%   +14%
Ave Profit......:      +2%     0%                 +10%    +8%
Ave Rel to Stop.:                                 +10%    -7%

Percentage of PMOs Rising ..........:  42%
Percentage of PMOs Above Zero.......:  78%

                     |-- 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!  SELL  10   +3.0%   +1.8%    BUY   29   +0.6%   -2.7%
Nasdaq 100 Shr  Warn!  SELL   9    0.0%   -3.8%    BUY   42   +7.1%   +7.1%
SP500 LgCap SP  Warn!  SELL   9   +1.3%   -0.6%    BUY   29   +1.4%   -0.5%
SP100 iSh       Warn!  SELL   9   +1.1%   -0.4%    BUY   28   +0.2%   -2.2%
SP500 LgCp Grw  Warn!  SELL   8   +1.1%   -0.7%    BUY   42   +3.0%   +1.6%
SP500 LgCp Val         SELL   9   +1.2%   -0.5%   SELL  191  +10.1%   +3.5%
SP400 MidCp SP  Warn!  SELL   7    0.0%   -3.1%    BUY   44   +7.0%   +6.9%
SP400 MdCp Grw  Warn!  SELL   7    0.0%   -2.9%    BUY   56   +9.0%   +8.9%
SP400 MdCp Val  Warn!  SELL   7    0.0%   -2.1%    BUY   35   +4.7%   +3.9%
SP600 SmlCp iS          BUY   1   +0.5%   +0.5%    BUY   17   +1.6%   +1.6%
SP600 SmCp Grw          BUY   1   +0.4%   +0.4%    BUY   32   +3.5%   +3.5%
SP600 SmCp Val          BUY   1    0.0%   -0.0%    BUY   15   +0.0%    0.0%
Russell 2000 i          BUY   1   +0.4%   +0.4%    BUY   14   +1.0%   +1.0%
Rus2000 Grwth           BUY   1   +0.6%   +0.6%    BUY   18   +2.8%   +2.8%
Rus2000 Value          SELL   9   +0.4%   -2.1%   SELL  205  +14.3%   +2.7%
SP500 Equal Wg  Warn!  SELL   8   +1.4%   -1.0%    BUY   29   +2.0%   +0.4%
NDX Equal Weig  Warn!  SELL   8   +1.1%   -2.9%    BUY   29   +3.1%   +2.6%
DJ Sel Dividen         SELL   9   +0.9%   +0.7%   SELL  308  +16.3%  +14.1%
InvesTop CrpB   Warn!  SELL   8   +1.3%   +0.9%    BUY 1838  +16.2%  +11.5%
T-Bond 1-3 Yr   Warn!  SELL   2   +0.0%   -0.1%    BUY 1592  +16.2%  +14.2%
T-Bnd 7-10 Yr   Warn!  SELL   2   +0.5%   +0.1%    BUY 1838  +23.4%  +16.4%
T-Bond 20+ Yr   Warn!  SELL   2   +0.7%   +0.1%    BUY  616  +15.0%   +7.2%
TIPS Bond iShr  Warn! *SELL   0    0.0%   -1.0%    BUY 1345  +19.2%  +14.1%
Aerospace/Def   Warn!  SELL   9   +1.0%   -1.7%    BUY   36   +4.9%   +2.5%
Bank Regional          SELL  16   +6.6%   +6.2%   SELL  210  +15.6%  +13.7%
Biotech iShare   Buy? * BUY   0    0.0%   -2.7%    BUY   29   +0.2%   +0.2%
Broker/Dealer          SELL   9   +1.3%   -0.5%   SELL  147  +27.7%  +16.0%
Broadband HLDR          BUY  66  +15.8%  +15.5%    BUY   15   +4.9%   +4.6%
Commodity iSha  Warn!  SELL   1    0.0%   -0.9%    BUY  399  +67.9%  +61.1%
Consumer Disc   Warn!  SELL   8   +1.7%   -0.2%    BUY   29   +0.4%   -3.7%
Consumer iShar  Warn!  SELL   9   +0.7%   -1.7%    BUY   16   +1.1%   -1.7%
Consumer Non-C         SELL   8   +0.6%   -0.4%   SELL  133   +1.8%   -2.4%
Consumer Stpl    Buy? * BUY   0    0.0%   -1.0%    BUY 1607  +41.7%  +38.4%
Crude Oil ETF   Warn!  SELL   1    0.0%   -0.8%    BUY  267  +87.9%  +78.8%
Energy SPDR     Warn!  SELL   3   +0.9%   -0.2%    BUY   53  +16.3%  +10.7%
Financial SPDR         SELL  18   +6.3%   +5.9%   SELL  211  +26.3%  +21.5%
Gold                    BUY  14   +3.2%   -1.9%    BUY  574  +59.2%  +40.4%
Gold Miners             BUY  18   +6.0%   +0.1%    BUY   14   +3.0%   -2.8%
Health Care SP  Warn!   BUY   1    0.0%   -0.2%   SELL  126   +7.1%   +2.3%
Healthcare Prv  Warn!   BUY  59   +4.5%   +4.1%   SELL  126  +19.9%  +11.8%
Home Const iSh         SELL  46  +13.9%  +12.6%   SELL   46  +13.9%  +12.6%
Industrial SPD  Warn!  SELL   9   +1.7%   -1.1%    BUY   59   +3.8%   +1.5%
Insurance iSha         SELL  21   +1.1%   -0.2%   SELL  205  +17.8%  +12.6%
Internet HLDRs  Warn!  SELL   1   +0.2%   +0.2%    BUY   58   +2.4%   +0.4%
Intnet Arch HL   Buy? * BUY   0    0.0%   -5.8%    BUY   67   +9.1%   +9.1%
Materials SPDR  Warn!  SELL   7   +0.5%   -1.5%    BUY  119  +12.9%   +9.1%
Medical Dev iS  Warn!   BUY  29   +1.5%   +1.5%   SELL   84   +2.1%   -5.5%
Natural Gas     Warn!  SELL  14   +1.6%   -4.5%    BUY  106  +33.3%  +30.4%
Natural Res iS  Warn!  SELL   1    0.0%   -1.1%    BUY   52  +16.7%  +11.2%
Network iShare          BUY  67  +15.8%  +15.8%    BUY   16   +3.6%   +3.6%
Oil Svc HLDRs   Warn!  SELL   7    0.0%   -1.6%    BUY  101  +28.6%  +24.5%
Oil/Gas Expl i  Warn!  SELL   2   +2.9%   +0.9%    BUY  109  +32.0%  +25.4%
Pharmacutical   Warn!   BUY   1   +0.7%   +0.7%   SELL  308   +9.0%   +5.6%
Real Estate iS  Warn!  SELL  23   +1.7%   -0.8%    BUY   57   +2.4%   -0.8%
Retail Holders  Warn!  SELL  22   +1.0%   -2.2%    BUY   67   +3.0%   +1.1%
Semiconductor   Warn!  SELL   7    0.0%   -3.4%    BUY   16   +2.9%   +1.4%
Silver ETF              BUY  14   +7.6%   -0.5%    BUY  256  +62.3%  +31.2%
Software iShar          BUY  73  +15.8%  +15.8%    BUY   36   +7.4%   +7.4%
Technology SPD  Warn!  SELL   8   +0.5%   -3.1%    BUY   36   +4.7%   +4.1%
Telecom iShare  Warn! * BUY   0    0.0%   -2.7%   SELL  289  +29.2%  +14.2%
Utilities SPDR          BUY  14   +1.7%   +1.0%    BUY   11   +0.9%   +0.2%
Wireless HLDRs  Warn!  SELL   7   +0.0%   -3.8%    BUY   29   +5.5%   +5.1%
Australia iShr  Warn!  SELL   3   +0.9%    0.0%    BUY   57  +11.2%   +7.4%
Brazil iShares  Warn!  SELL   1    0.0%   -1.7%    BUY  282  +77.4%  +75.2%
China 25 iShar  Warn!  SELL  18   +2.1%   +0.4%    BUY   53   +9.1%   +1.5%
Canada iShares  Warn!  SELL   1    0.0%   -1.0%    BUY   44   +8.4%   +6.2%
EAFE Index iSh  Warn!  SELL   8   +1.6%   +1.0%    BUY   53   +4.3%   +1.9%
Emerging Mkts   Warn!  SELL   7   +0.2%   -1.8%    BUY   59  +11.2%   +8.4%
EMU iShares     Warn!  SELL   9   +1.0%   +0.2%    BUY   59   +4.4%   +2.1%
Euro Currency           BUY   9    0.0%   -1.4%    BUY  751  +25.1%  +21.9%
France iShares  Warn!  SELL   7   +0.1%   -0.9%    BUY   59   +4.8%   +4.0%
Germany iShare  Warn!  SELL   3   +0.2%   -0.4%    BUY   44   +4.6%   +2.5%
HongKong iShar  Warn!  SELL  10   +1.0%   -1.9%    BUY   38   +5.0%   +1.4%
India ETN              SELL  17   +5.5%   +1.7%   SELL   17   +5.5%   +1.7%
Japan iShares   Warn!  SELL   9   +0.2%   -2.3%    BUY   32   +2.1%   +1.5%
Malaysia iShar  Warn!  SELL  21   +2.6%   +0.9%    BUY   60   +3.5%   -1.9%
Mexico iShares          BUY  14   +1.7%   +1.7%    BUY  120  +13.5%  +13.5%
Russia ETF              BUY  23  +12.8%  +12.5%    BUY  108  +25.9%  +25.6%
Singapore iShr  Warn!  SELL  23   +2.1%   -1.0%    BUY   66   +8.8%   +6.4%
South Korea iS  Warn!  SELL  22   +3.3%   -1.2%    BUY   53   +2.8%   -0.4%
Switzerland iS  Warn!  SELL   3   +0.3%   -0.1%    BUY   59   +0.8%   -2.1%
Taiwan iShares  Warn!  SELL  36   +4.3%   +3.5%    BUY   98  +14.5%   +7.8%
United Kgdm iS  Warn!  SELL   9   +0.4%   +0.4%    BUY   42   +2.3%   -1.0%

Average                      12   +2.1%   +0.4%         201  +13.4%   +9.6%

*****************************************************************************
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 Friday 5/30/2008

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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