# of Equities in Industry Name ERLANGER SECTOR _ INDUSTRY WEEKLY OVERVIEW As Of 03/11/2010 Sectors - Industries Sorted By Power ing Within Sector Weekly 3/11/10 3/4/10 2/25/10 2/18/10 2/11/10 2/4/10 1/28/10 1/21/10 1/14/10 1/7/10 12/31/09 12/24/09 12/17/09 12/10/09 12/3/09 11/25/09 Consumer Durables/Apparel 0 1 1 1 2 2 1 2 15 11 10 16 14 17 17 16 16 23 Leisure Products 8 1 9 10 6 4 23 39 68 96 104 103 92 118 103 88 113 15 Home Furnishings 2 2 4 21 13 31 21 22 62 68 69 85 42 98 105 121 133 5 Textiles (3) 8 5 4 1 3 2 4 106 31 1 11 1 8 3 6 5 39 Apparel Accessories 2 10 12 20 32 58 85 85 92 84 79 100 101 61 63 63 52 14 Footwear 36 11 47 16 3 11 20 8 72 49 35 38 54 55 64 97 100 13 Housewares/Specialties 16 23 39 84 132 111 122 114 122 105 123 43 68 79 123 56 75 10 Consumer Electronics 15 50 65 42 22 40 6 3 7 3 101 92 75 74 54 66 61 19 Homebuilding 55 68 123 97 10 6 11 59 113 46 60 135 121 143 150 142 134 1 Photographic Products (100) 101 1 3 2 1 1 1 139 16 22 152 150 152 139 140 136 7 Household Appliances (103) 134 31 67 90 81 30 46 64 52 28 25 19 37 29 28 31 Retailing 0 2 2 2 6 4 5 20 19 15 8 10 10 8 11 17 7 7 Homefurnishing Retail 3 3 6 7 5 7 126 117 119 67 5 4 8 7 7 36 24 44 Apparel Retail 2 5 7 19 36 27 40 101 112 97 98 98 111 96 122 126 93 6 Catalog Retail 1 7 8 1 7 8 31 13 63 72 42 33 23 77 9 13 15 9 Department Stores (1) 12 11 24 83 91 63 116 115 79 16 16 12 9 14 9 3 9 General Merchandise (11) 14 3 5 12 14 7 44 52 89 88 138 140 135 149 153 144 17 Internet Retail 61 22 83 77 94 29 102 100 90 103 92 45 37 32 26 26 18 31 Specialty Stores 15 47 62 55 60 47 24 47 41 66 47 48 45 67 50 110 72 8 Computer & Electronics Retail 41 54 95 120 52 56 45 12 30 112 48 80 97 66 22 16 8 9 Distributors (31) 86 55 54 56 116 58 108 77 118 102 34 55 46 30 61 87 4 Home Improvement Retail 0 115 115 101 125 73 26 93 136 146 147 106 48 13 18 8 11 17 Automotive Retail (3) 123 120 121 124 117 127 136 110 111 46 108 88 115 137 146 147 Technology: Semiconductors 0 3 3 3 1 1 15 13 3 2 2 1 1 1 1 3 11 99 Semiconductors (23) 40 17 30 14 19 70 62 31 32 36 18 26 27 35 41 81 46 Semiconductor Equipment 27 71 98 79 17 33 99 99 39 27 29 5 13 18 16 19 67 Transportation 9 4 13 11 18 17 23 19 9 8 13 8 6 5 3 5 6 3 Marine Services 9 13 22 12 101 34 118 9 11 8 8 47 2 5 1 2 2 13 Air Freight & Logistics 10 18 28 35 128 136 123 89 55 86 149 115 93 92 47 90 132 25 Trucking 43 31 74 64 117 98 121 103 109 90 129 37 57 73 86 113 140 22 Airlines 43 43 86 52 15 15 82 35 5 12 14 7 11 6 4 4 20 24 Marine 17 77 94 131 130 135 134 119 100 59 86 128 138 136 120 67 22 5 Airport Services 22 78 100 68 37 5 46 92 18 9 3 49 9 1 6 3 39 10 Railroads 1 106 107 74 86 30 71 90 111 121 127 86 50 33 25 27 19 Consumer Services 4 5 9 5 5 5 7 11 6 16 20 21 19 21 22 22 23 25 Education Services (6) 20 14 13 41 64 73 81 71 101 91 109 125 129 112 141 129 27 Hotels & Cruise Lines 5 25 30 23 38 25 95 83 43 35 56 67 82 58 57 60 71 2010 Phil Erlanger Research Co., Inc. Page 1
# of Equities in Industry Name ERLANGER SECTOR _ INDUSTRY WEEKLY OVERVIEW As Of 03/11/2010 Sectors - Industries Sorted By Power ing Within Sector Weekly 3/11/10 3/4/10 2/25/10 2/18/10 2/11/10 2/4/10 1/28/10 1/21/10 1/14/10 1/7/10 12/31/09 12/24/09 12/17/09 12/10/09 12/3/09 11/25/09 56 Restaurants 11 34 45 33 21 20 12 25 58 116 143 112 79 122 136 127 141 9 Leisure Facilities (5) 58 53 57 20 18 27 33 20 50 97 101 49 38 106 119 86 18 Specialized Consumer Serv 11 59 70 14 31 55 17 42 51 87 70 50 69 51 51 52 33 26 Casinos & Gaming 11 133 144 143 148 138 140 133 116 132 136 146 146 148 141 149 139 Diversified Financials 4 6 10 13 21 21 22 18 11 13 14 19 20 18 20 20 17 62 Asset Mmt/Custody Banks 11 21 32 48 88 90 92 41 38 58 54 71 91 89 95 116 103 25 Specialized Finance (9) 24 15 22 29 23 50 95 86 70 65 53 85 75 48 77 83 22 Consumer Finance 23 61 84 104 92 99 78 17 6 13 66 76 67 53 59 18 14 4 Multi-Sector Holdings (89) 113 24 49 120 118 133 145 146 131 84 120 115 93 124 112 116 32 Investment Banking/Brokerage 8 118 126 130 141 134 135 112 126 136 122 136 132 133 140 128 127 5 Diversified Capital Markets 16 127 143 147 151 148 143 151 149 151 152 149 143 142 151 137 114 5 Other Diversified Financial Services 0 145 145 145 149 152 147 148 153 133 126 151 152 153 153 151 153 Real Estate 5 7 12 6 10 23 17 15 14 18 17 18 7 11 16 8 20 9 Industrial REITs 7 6 13 43 75 125 41 15 24 62 63 51 20 35 68 83 117 25 Retail REITs 0 16 16 11 23 110 101 54 61 73 71 65 56 88 119 94 131 16 Residential REITs 51 29 80 17 27 97 55 60 108 139 109 19 21 47 55 25 82 33 Specialized REITs 60 32 92 40 30 70 66 40 19 41 61 40 28 25 37 29 43 15 Diversified REITs 41 36 77 34 71 122 75 29 17 80 105 113 80 78 90 80 108 20 Office REITs 76 45 121 78 115 144 124 97 59 98 107 52 27 20 107 35 84 10 Real Estate Services (28) 89 61 26 19 13 14 107 138 147 94 126 63 91 97 20 97 34 Mortgage REITs 1 109 110 99 138 133 61 84 132 140 135 145 139 134 131 125 138 5 Real Estate Mgt (14) 110 96 118 25 101 74 124 140 149 142 131 129 128 128 150 150 6 Real Estate Dev (1) 129 128 129 143 132 132 141 142 125 125 117 130 132 104 124 126 12 Real Estate Operating Companies (49) 142 93 111 76 106 110 137 102 124 115 133 103 104 74 71 38 Media 0 8 8 15 17 16 13 7 17 17 9 12 12 6 2 10 4 26 Movies & Entertainment (5) 26 21 25 51 65 79 69 99 115 80 77 99 70 39 64 55 17 Cable & Satellite 28 38 66 128 126 115 116 110 105 78 81 99 108 50 41 54 35 27 Broadcasting 5 44 49 92 67 67 35 31 75 123 77 68 73 59 28 51 40 27 Publishing (36) 93 57 62 65 44 49 32 32 64 44 64 46 26 32 111 42 20 Advertising 6 126 132 134 139 114 88 76 118 110 39 41 36 30 42 47 25 Automobiles & Components (5) 9 4 18 14 20 9 17 1 1 3 4 3 2 4 2 1 2 Motorcycle Mfg 108 4 112 96 110 137 141 143 15 39 13 60 61 10 2 1 1 32 Auto Parts & Equipment (27) 53 26 56 61 82 42 65 10 4 26 31 38 22 31 39 29 6 Automobile Mfg (6) 117 111 142 142 119 64 52 23 56 106 90 96 23 96 33 95 2 Tires & Rubber (3) 152 149 153 131 153 150 153 152 128 124 123 118 95 102 118 112 Insurance (3) 10 7 7 7 11 18 21 24 24 23 24 22 22 23 23 22 26 Life & Health Insurance 45 19 64 123 118 142 137 134 124 119 133 144 141 141 142 147 142 2010 Phil Erlanger Research Co., Inc. Page 2
# of Equities in Industry Name ERLANGER SECTOR _ INDUSTRY WEEKLY OVERVIEW As Of 03/11/2010 Sectors - Industries Sorted By Power ing Within Sector Weekly 3/11/10 3/4/10 2/25/10 2/18/10 2/11/10 2/4/10 1/28/10 1/21/10 1/14/10 1/7/10 12/31/09 12/24/09 12/17/09 12/10/09 12/3/09 11/25/09 10 Insurance Brokers (10) 39 29 31 66 17 13 105 135 143 139 142 149 151 152 152 151 69 Property & Casualty Insurance (27) 64 37 28 28 39 54 74 117 137 141 118 122 119 117 129 120 14 Multi-line Insurance 22 87 109 116 69 86 117 98 101 130 85 129 131 123 135 120 66 16 Reinsurance (18) 140 122 29 102 78 98 73 133 148 150 124 112 108 85 99 60 Technology: Software/Serv 0 11 11 14 8 7 11 10 7 12 12 6 8 15 15 14 15 98 Application Software 8 52 60 63 63 61 76 55 42 42 37 26 35 62 67 57 54 95 Internet Software/Serv 5 63 68 76 48 45 65 79 83 94 90 62 70 105 94 102 107 49 IT Consulting (23) 65 42 60 87 52 93 80 57 74 116 66 53 87 89 78 78 40 Systems Software (9) 80 71 86 58 75 51 37 54 47 57 73 72 90 92 107 109 17 Home Entertainment Software 17 99 116 112 116 37 53 128 121 109 137 148 145 150 144 132 143 39 Data Processing Services 22 105 127 135 106 72 59 30 69 91 111 63 62 83 72 62 69 Technology: Computers/Equip (7) 12 5 9 3 3 4 3 4 6 5 3 5 14 13 15 12 14 Computer Hardware 10 30 40 46 11 9 8 28 33 28 51 55 47 56 93 87 46 103 Communications Equipment (15) 35 20 27 34 36 57 58 47 65 52 70 81 94 69 98 88 34 Electronic Mfg Services (17) 75 58 39 24 16 28 19 9 18 18 9 24 80 53 72 45 4 Office Electronics 4 81 85 6 4 2 3 2 2 19 30 6 4 2 8 23 34 40 Computer Peripherals 17 84 101 100 55 48 48 24 8 17 23 20 32 34 49 44 37 22 Electronic Components 6 91 97 94 46 38 111 68 36 7 24 21 18 36 58 69 122 21 Technology Distributors 16 103 119 81 98 105 120 123 98 134 134 89 98 97 129 108 119 50 Electronic Equipment Mfg (23) 112 89 83 68 57 19 38 66 85 58 57 110 111 110 109 96 Banks 2 13 15 8 19 8 6 1 12 20 22 23 23 24 24 24 24 381 Regional Banks 7 60 67 32 84 42 38 18 49 102 132 130 133 138 133 139 137 125 Thrifts/Mortgage 0 76 76 59 109 68 69 75 120 141 140 132 136 140 145 145 148 40 Diversified Banks 8 131 139 144 144 141 139 135 137 127 119 122 142 139 109 89 48 Capital Goods 0 14 14 19 13 18 21 23 18 7 6 13 13 10 12 12 10 37 Construction/Farm Machinery 2 17 19 85 44 54 108 102 53 11 33 97 59 71 87 38 36 29 Trading Cos & Distributors (3) 28 25 37 33 66 60 48 25 23 38 59 58 48 66 68 90 65 Aerospace & Defense 6 37 43 61 82 60 72 61 67 37 87 107 107 84 79 85 65 16 Industrial Conglomerates 21 69 90 109 54 74 52 43 76 55 83 84 84 65 83 73 99 90 Industrial Machinery (5) 92 87 105 91 96 113 129 91 63 49 83 66 72 76 81 74 79 Electrical Components/Equip 8 97 105 102 93 89 107 127 97 57 32 35 52 45 34 49 44 21 Building Products 29 100 129 137 123 88 106 113 144 138 68 110 71 107 130 133 121 32 Construction & Engineering 9 122 131 106 112 123 129 132 129 114 96 127 113 126 138 144 146 8 Heavy Electrical Equipment (3) 128 125 125 111 143 136 138 125 43 11 13 7 3 5 7 10 Pharmaceuticals 6 15 21 21 15 10 10 14 8 9 16 20 18 19 19 13 19 84 Pharmaceuticals 21 70 91 103 105 71 56 50 45 44 73 78 76 85 61 42 58 41 Life Sciences Tools/Serv (10) 73 63 69 59 43 33 71 44 54 112 91 94 114 114 115 104 2010 Phil Erlanger Research Co., Inc. Page 3
# of Equities in Industry Name ERLANGER SECTOR _ INDUSTRY WEEKLY OVERVIEW As Of 03/11/2010 Sectors - Industries Sorted By Power ing Within Sector Weekly 3/11/10 3/4/10 2/25/10 2/18/10 2/11/10 2/4/10 1/28/10 1/21/10 1/14/10 1/7/10 12/31/09 12/24/09 12/17/09 12/10/09 12/3/09 11/25/09 137 Biotechnology 39 79 118 119 85 63 84 86 80 76 117 125 119 116 121 101 118 Health Care Equip & Serv (10) 16 6 10 4 6 3 5 5 4 11 5 9 7 8 9 8 30 Health Care Facilities (15) 48 33 91 42 50 36 87 74 38 100 96 60 63 126 131 130 18 Managed Health Care (21) 57 36 36 70 28 15 10 4 2 6 8 5 4 12 34 12 38 Health Care Supplies (6) 62 56 65 53 76 105 82 85 93 118 46 64 76 77 86 76 110 Health Care Equipment (31) 72 41 44 40 26 25 23 22 33 64 39 65 81 46 53 56 58 Health Care Services 4 104 108 107 72 80 91 94 79 61 108 79 78 82 82 55 68 20 Health Care Technology (40) 119 79 53 50 77 68 67 40 75 50 56 86 86 44 40 30 15 Health Care Distributors (19) 121 102 82 81 35 22 56 37 69 99 102 117 68 91 117 111 Commercial Services 0 17 17 12 12 14 8 9 10 10 7 7 11 16 10 19 21 20 Human Resource & Employment Services 25 9 34 45 16 12 9 45 48 34 19 30 44 41 21 93 80 14 Commercial Printing (23) 33 10 8 8 83 86 36 27 29 43 36 17 43 52 58 49 17 Office Serv & Supplies (19) 67 48 115 104 104 18 11 26 22 41 12 14 69 56 75 94 6 Security & Alarm Services 46 90 136 133 80 103 83 118 93 95 74 82 124 113 80 104 62 32 Environmental Services (25) 98 73 89 97 93 104 96 73 71 67 105 102 112 81 96 124 21 Diversified Support Services 2 102 104 73 121 69 80 88 88 88 82 74 109 100 98 122 128 28 Research & Consulting Services (3) 144 141 117 127 109 89 57 89 107 103 88 106 120 99 123 125 Energy 2 18 20 20 11 13 16 4 2 3 1 2 2 4 14 11 5 22 Oil & Gas Refining/Mkting 24 27 51 70 77 62 34 49 13 36 15 75 105 109 100 65 51 21 Coal & Consumable Fuels (15) 42 27 38 39 59 96 26 14 1 2 1 3 11 23 21 9 60 Oil & Gas Equip & Serv (13) 51 38 90 57 49 87 66 34 21 12 44 43 42 108 100 73 131 Oil & Gas Explor/Prod 11 88 99 93 45 46 62 63 50 48 17 29 31 28 73 74 50 66 Oil & Gas Storage/Trans (2) 116 114 88 89 100 67 6 3 25 25 24 30 15 43 46 27 27 Integrated Oil & Gas 4 138 142 140 137 129 128 130 130 104 95 104 120 131 127 92 41 19 Oil & Gas Drilling (1) 141 140 141 135 126 130 111 29 14 45 121 89 60 116 134 102 Materials (3) 19 16 22 20 24 24 24 21 5 4 11 4 12 6 4 3 4 Forest Products (13) 15 2 9 79 79 16 53 1 10 7 17 6 44 75 59 106 25 Diversified Metals/Mining 31 41 72 114 95 120 138 126 103 5 10 23 29 21 33 12 6 40 Specialty Chemicals (28) 46 18 47 43 108 103 106 16 24 40 69 40 52 70 76 53 14 Diversified Chemicals (26) 49 23 15 9 24 47 27 70 30 27 28 41 40 62 17 26 33 Steel 4 55 59 72 64 95 131 125 65 20 9 15 16 39 38 30 32 17 Paper Products 15 66 81 122 107 124 94 78 82 51 20 10 10 16 11 15 16 10 Paper Packaging (28) 74 46 50 100 127 115 122 95 106 89 32 25 14 19 43 47 18 Commodity Chemicals (33) 83 50 108 96 121 90 115 78 53 72 111 87 117 84 84 85 15 Fertilizers & Agri Chemicals (42) 96 54 95 99 87 119 121 123 108 53 119 114 102 10 11 13 12 Metal/Glass Containers 10 120 130 124 140 139 125 131 141 142 130 139 137 130 134 138 135 4 Industrial Gases 1 132 133 136 146 146 153 146 150 153 153 153 153 137 88 105 98 2010 Phil Erlanger Research Co., Inc. Page 4
# of Equities in Industry Name ERLANGER SECTOR _ INDUSTRY WEEKLY OVERVIEW As Of 03/11/2010 Sectors - Industries Sorted By Power ing Within Sector Weekly 3/11/10 3/4/10 2/25/10 2/18/10 2/11/10 2/4/10 1/28/10 1/21/10 1/14/10 1/7/10 12/31/09 12/24/09 12/17/09 12/10/09 12/3/09 11/25/09 5 Aluminum 5 146 151 152 134 131 146 147 145 26 4 2 15 24 111 103 110 14 Construction Materials 0 147 147 146 150 149 149 139 143 99 144 137 135 146 148 148 145 20 Gold (11) 148 137 150 145 147 151 152 151 120 55 140 134 144 101 5 7 12 Precious Metals & Minerals (1) 151 150 148 136 128 144 142 94 6 21 72 104 103 15 10 4 Household & Personal Products (1) 20 19 16 16 9 2 6 23 22 19 15 17 9 7 1 2 32 Personal Products 12 94 106 98 74 53 29 34 114 126 76 58 83 49 45 22 21 12 Household Products (59) 137 78 51 119 84 77 109 107 100 145 134 126 110 118 91 101 Telecommunication Serv 2 21 23 24 23 19 20 22 22 21 15 9 16 13 9 7 9 10 Alternative Carriers (21) 56 35 41 18 32 39 21 56 15 31 3 22 31 65 79 105 32 Wireless Telecom Serv 22 95 117 113 78 51 97 77 96 122 121 81 95 57 71 70 70 51 Integrated Telecom Serv (1) 136 135 138 133 130 112 120 127 135 110 87 100 101 60 50 64 Food Beverage & Tobacco 0 22 22 17 9 15 14 16 16 14 18 14 21 20 18 18 18 14 Soft Drinks (56) 108 52 80 62 94 109 51 60 45 62 14 39 17 13 37 63 70 Packaged Foods & Meats (8) 111 103 87 49 41 43 72 81 92 120 95 116 125 115 106 115 8 Distillers & Vintners 32 114 146 127 73 85 37 16 35 77 114 116 128 124 113 48 23 8 Tobacco (55) 130 75 18 35 21 10 7 46 60 59 93 74 64 27 32 28 11 Agricultural Products (5) 139 134 126 129 145 142 140 128 113 34 61 123 121 125 114 91 6 Brewers (1) 149 148 139 147 151 148 149 134 144 148 141 148 127 147 136 152 Food & Staples Retailing (5) 23 18 4 22 12 12 12 20 23 24 22 24 23 21 21 13 8 Food Distributors (38) 82 44 2 47 22 4 5 12 40 93 22 34 54 24 31 17 5 Hypermarkets/Super Centers 39 85 124 58 26 10 5 70 84 83 75 27 77 106 40 95 77 17 Food Retail (66) 135 69 66 114 113 100 104 104 150 151 147 147 145 143 135 123 4 Drug Retail 2 150 152 149 153 140 152 150 147 145 146 143 151 149 132 130 79 Utilities 0 24 24 23 24 22 19 8 13 19 21 17 15 3 5 6 14 17 Water Utilities (19) 107 88 71 108 102 81 64 131 129 138 114 127 99 78 82 92 29 Gas Utilities (42) 124 82 75 113 112 44 14 21 82 78 42 51 19 36 45 89 26 Multi-Utilities (12) 125 113 110 103 92 32 20 28 81 131 54 33 12 17 14 57 42 Electric Utilities (5) 143 138 132 122 107 114 91 87 117 128 94 90 29 20 24 59 12 Independent Power 0 153 153 151 152 150 145 144 148 152 113 150 144 147 146 143 149 2010 Phil Erlanger Research Co., Inc. Page 5
PER Sector Sector 1wk 1mos Sector Avg Tech 1wk 1mos Sector Avg SECTOR - Data Erlanger Date of Report: 03/11/2010 Sector 1mos Avg 3mos Sector Squeeze Potential Sector Type 1 Pct Sector Long Squeeze Potential Sector Type 4 Pct Sector Avg Option Sector Avg Option (1wk ) Consumer Durables/Apparel 1 0 1 70.00 3.7 8.7 48.47 0.4 6.6 11.0 23.8% 21.0% 12.6% 1.4% 49.9 (4.9) (13.7) Retailing 2 0 2 68.54 2.9 13.1 45.79 (0.8) 3.0 4.0 29.5% 26.3% 16.0% 5.8% 47.0 (2.6) (11.4) Technology: Semiconductors 3 0 (2) 58.55 (1.6) 0.1 50.97 0.5 1.9 4.8 26.1% 17.6% 16.2% 6.3% 64.1 9.7 0.3 Transportation 4 9 13 61.57 4.3 12.5 45.11 3.9 3.5 1.7 28.0% 19.0% 19.0% 8.0% 46.6 (4.7) (19.1) Consumer Services 5 4 0 59.56 3.9 5.2 48.90 0.1 5.5 5.0 27.7% 18.7% 10.3% 4.5% 48.3 (0.1) (6.7) Diversified Financials 6 4 15 57.23 1.7 14.4 50.41 0.5 2.9 6.8 33.3% 24.7% 12.0% 6.7% 46.2 (4.9) (20.0) Real Estate 7 5 16 60.17 5.9 15.8 45.52 (0.5) 6.4 11.3 16.9% 12.4% 12.4% 4.5% 52.0 (7.3) (13.7) Media 8 0 8 61.07 1.9 9.9 40.37 (0.1) 1.9 7.4 19.3% 14.7% 21.1% 6.4% 53.4 (0.8) (9.6) Automobiles & Components 9 (5) 11 58.05 (1.0) 9.2 44.48 (0.1) 3.3 11.6 27.5% 15.0% 15.0% 5.0% 53.0 (10.1) (17.9) Insurance 10 (3) 1 54.44 (0.5) 6.4 51.99 2.4 5.9 12.0 19.7% 14.4% 14.4% 6.1% 47.2 (3.4) (12.1) Technology: Software/Serv 11 0 (4) 54.76 2.5 5.4 52.06 (0.4) 2.9 8.4 25.8% 16.1% 10.0% 6.7% 62.3 3.3 (7.1) Technology: Computers/Equip 12 (7) (9) 56.04 (0.5) 0.7 49.23 (0.3) 4.2 6.6 22.3% 17.0% 12.1% 5.7% 61.5 3.1 (5.5) Banks 13 2 (5) 50.81 0.1 (1.3) 50.47 1.9 7.3 10.7 19.9% 14.4% 13.5% 7.7% 51.2 (0.9) (12.6) Capital Goods 14 0 4 54.52 2.0 7.5 51.69 1.4 6.7 9.5 31.2% 21.3% 11.9% 5.2% 56.3 (0.8) (10.9) Pharmaceuticals 15 6 (5) 57.32 6.5 5.6 45.37 0.5 3.0 6.9 23.9% 16.1% 11.4% 5.5% 66.1 4.3 (0.3) Health Care Equip & Serv 16 (10) (10) 51.76 (2.6) (1.0) 53.42 1.8 4.1 10.3 26.8% 14.9% 10.5% 4.3% 60.4 0.7 (10.0) Commercial Services 17 0 (3) 52.79 1.4 6.3 52.81 (1.4) 1.8 10.5 31.0% 17.8% 10.1% 6.2% 65.0 0.2 (3.4) Energy 18 2 (5) 53.64 1.9 3.2 46.45 1.6 4.5 5.1 22.9% 12.6% 16.9% 9.3% 52.8 (4.1) (17.3) Materials 19 (3) 5 51.55 (1.5) 7.0 47.30 0.5 7.5 7.7 18.1% 10.6% 13.7% 7.9% 56.5 (5.4) (14.7) Household & Personal Products 20 (1) (11) 50.00 (3.2) (8.0) 40.44 1.3 3.8 (1.2) 17.1% 12.2% 12.2% 7.3% 52.9 (12.9) (3.5) Telecommunication Serv 21 2 (2) 45.53 3.0 (0.6) 46.02 1.1 5.2 3.9 20.0% 5.6% 17.8% 13.3% 58.5 (3.3) (11.8) Food Beverage & Tobacco 22 0 (7) 47.59 (2.6) (5.3) 45.18 0.2 2.7 6.8 17.7% 9.7% 16.8% 10.6% 61.3 (2.3) (8.4) Food & Staples Retailing 23 (5) (11) 39.71 (9.4) (9.1) 56.82 4.5 9.6 13.9 36.4% 3.0% 12.1% 9.1% 61.9 3.1 (2.4) Utilities 24 0 (2) 40.24 (3.8) (2.3) 45.67 0.5 3.5 2.5 17.1% 5.7% 16.3% 14.6% 60.5 (3.0) (11.9) Sector Avg Option (1mos ) 2010 Phil Erlanger Research Co., Inc. Page 1
PER Sector Daily Advance (%ofsector) Daily Decline (%ofsector) Issues above 50dma (%) (1w) % (1m) % SECTOR - Data Breadth Date of Report: 03/11/2010 (1w) % Issues above 200dma (%) (1mos) % Issues 1 Mos Highs (%) (1w) % (1mos) % Issues 1 Mos Lows (%) (1w) % Insurance 67% 30% 81% 5% 51% 80% 4% 20% 41% 3% 34% 1% (2%) (2%) Real Estate 54% 45% 76% 18% 55% 69% 3% 7% 32% 8% 28% 0% (1%) (12%) Retailing 57% 40% 76% 6% 35% 65% 1% 8% 28% (11%) 18% 1% 1% (3%) Consumer Durables/Apparel 45% 51% 73% 5% 33% 63% 3% 9% 20% (3%) 8% 1% 0% (1%) Technology: Semiconductors 37% 56% 69% 14% 34% 66% 4% 14% 17% (1%) 5% 1% (1%) (2%) Diversified Financials 65% 29% 68% 9% 40% 62% 7% 19% 32% (2%) 24% 1% 0% (4%) Transportation 56% 41% 68% 5% 37% 66% 4% 17% 30% 8% 19% 2% 0% 1% Consumer Services 58% 33% 64% 6% 22% 58% 4% 10% 28% 8% 16% 2% (2%) (4%) Banks 58% 33% 63% 5% 21% 51% 3% 16% 28% 9% 20% 2% (1%) (3%) Food & Staples Retailing 50% 44% 62% (3%) 29% 62% (3%) 11% 8% (16%) (5%) 0% 0% 0% Capital Goods 53% 42% 61% 9% 37% 57% 4% 12% 26% 2% 22% 1% 0% (1%) Food Beverage & Tobacco 56% 40% 60% 11% 25% 63% 4% 4% 21% (4%) 10% 2% 0% 0% Utilities 63% 33% 58% 13% 47% 64% 4% 15% 21% 4% 19% 1% (1%) (2%) Media 57% 38% 58% 6% 32% 49% 3% 11% 24% 1% 21% 1% (2%) (5%) Technology: Computers/Equip 51% 45% 54% 8% 20% 48% 4% 8% 21% 5% 13% 2% 0% (3%) Automobiles & Components 60% 36% 53% 6% 25% 52% 3% 8% 10% (17%) 7% 0% (3%) (2%) Telecommunication Serv 60% 35% 52% 20% 33% 46% 4% 9% 27% 15% 24% 2% 1% (1%) Energy 51% 44% 52% 8% 26% 55% 5% 9% 20% 9% 18% 1% 0% (1%) Technology: Software/Serv 49% 45% 51% 10% 27% 47% 4% 8% 21% (1%) 16% 1% 0% (3%) Materials 56% 41% 50% 8% 32% 46% 1% 11% 18% (3%) 15% 1% 1% (2%) Commercial Services 57% 36% 49% 7% 25% 45% 4% 9% 20% 2% 17% 1% (3%) (3%) Health Care Equip & Serv 55% 37% 49% 3% 18% 50% 0% 4% 19% 4% 13% 3% 2% (1%) Pharmaceuticals 58% 35% 43% 10% 19% 34% 4% 8% 20% 10% 17% 1% (1%) (2%) Household & Personal Products 50% 43% 42% (1%) 13% 46% 1% 3% 14% (2%) 4% 2% (2%) (2%) (1mos) % 2010 Phil Erlanger Research Co., Inc. Page 1
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Leisure Products Consumer Durables/Apparel 1959045.57 (1.3) 1 8 3 83.91 10.0 8.2 50.64 1.2 6.7 13.6 40.9% 40.9% Home Furnishings Consumer Durables/Apparel 14958.22 0.7 2 2 29 91.33 4.5 27.3 33.60 0.1 5.0 4.0 20.0% 20.0% Homefurnishing Retail Retailing 11083.75 (1.8) 3 3 4 85.71 2.4 10.7 40.14 (0.4) 8.3 11.7 14.3% 14.3% Motorcycle Mfg Automobiles & Components 193.14 0.3 4 108 133 70.00 35.0 45.0 71.50 (0.5) 11.0 18.0 50.0% 50.0% Apparel Retail Retailing 42607.30 0.3 5 2 22 79.30 1.9 22.1 49.63 0.4 2.7 8.5 39.5% 39.5% Industrial REITs Real Estate 2228.64 0.2 6 7 119 75.00 7.5 41.3 56.13 0.8 3.8 23.3 37.5% 37.5% Catalog Retail Retailing 1135.76 (0.6) 7 1 1 71.67 0.0 9.7 52.17 (16.0) (4.6) 9.0 50.0% 33.3% Textiles Consumer Durables/Apparel 9676.56 1.9 8 (3) (5) 70.00 (1.7) (12.0) 52.80 0.6 21.2 36.1 20.0% 20.0% Human Resource & Employment Services Commercial Services 99122.77 0.5 9 25 3 71.05 10.5 11.1 51.47 0.0 (3.2) 9.9 36.8% 36.8% Apparel Accessories Consumer Durables/Apparel 85599.28 (0.3) 10 2 48 66.92 (1.0) 18.0 57.08 0.1 8.5 13.4 33.3% 30.8% Avg 1mos 3mos Squeeze Potential Footwear Consumer Durables/Apparel 6234.14 0.6 11 36 0 72.14 13.6 7.8 46.43 (2.6) (1.0) 7.6 7.1% 7.1% Department Stores Retailing 13351.23 0.0 12 (1) 79 76.67 0.0 31.1 36.89 (3.3) (6.1) (23.0) 22.2% 22.2% Marine Services Transportation 257.45 (1.5) 13 9 21 50.00 3.3 0.0 89.00 8.5 7.5 7.3 66.7% 33.3% General Merchandise Retailing 12593.15 (0.2) 14 (11) 0 70.00 (12.5) 6.3 48.63 3.1 2.4 13.1 12.5% 12.5% Forest Products Materials 381.83 1.4 15 (13) 64 60.00 (10.0) 22.5 67.25 (3.3) 3.3 16.3 25.0% 25.0% Retail REITs Real Estate 4848.67 0.0 16 0 94 68.40 1.9 24.8 49.96 0.1 8.1 11.2 16.0% 12.0% Construction/Farm Machinery Capital Goods 17536.89 0.1 17 2 37 67.84 2.2 15.6 50.32 1.5 6.4 6.5 29.7% 29.7% Air Freight & Logistics Transportation 8996.45 0.7 18 10 118 70.77 6.9 33.8 43.77 (0.5) 6.2 7.5 38.5% 23.1% Life & Health Insurance Insurance 262174.27 0.9 19 45 123 70.80 11.6 37.2 42.40 5.5 6.9 12.4 20.0% 20.0% Education Services Consumer Services 3313004.38 0.7 20 (6) 44 67.08 (1.7) 22.7 55.00 (5.4) (1.3) 4.0 41.7% 37.5% Asset Mmt/Custody Banks Diversified Financials 831497.45 0.6 21 11 69 65.25 4.3 21.1 53.47 0.6 2.6 8.1 41.7% 36.7% Internet Retail Retailing 15090.84 1.5 22 61 7 64.38 13.7 7.5 53.88 1.4 8.1 6.9 43.8% 31.3% Housewares/Specialties Consumer Durables/Apparel 25762.27 0.5 23 16 88 65.38 4.5 17.0 51.42 4.8 15.2 19.1 8.3% 0.0% Specialized Finance Diversified Financials 778.25 0.8 24 (9) (1) 59.60 (4.2) (0.8) 55.52 1.9 11.2 14.4 39.1% 30.4% Hotels & Cruise Lines Consumer Services 11639.07 0.0 25 5 0 61.20 1.6 4.1 55.08 3.1 7.0 6.7 33.3% 25.0% Movies & Entertainment Media 160397.63 (0.4) 26 (5) 39 68.00 6.8 19.2 45.04 (2.2) 0.3 9.8 33.3% 29.2% Oil & Gas Refining/Mkting Energy 36816.63 0.5 27 24 35 60.91 6.8 10.9 54.19 0.5 5.7 1.6 23.8% 23.8% Trading Cos & Distributors Capital Goods 68144.36 0.9 28 (3) 38 67.59 4.8 20.7 57.03 0.7 2.7 0.9 41.4% 31.0% Residential REITs Real Estate 5062.95 0.1 29 51 68 63.75 10.0 16.3 52.13 4.4 14.6 22.3 12.5% 12.5% Computer Hardware Technology: Computers/Equip 26149.71 0.5 30 10 (21) 62.86 5.7 (0.7) 54.07 0.5 2.2 1.1 21.4% 14.3% Trucking Transportation 21499.59 0.7 31 43 67 68.40 8.4 20.8 42.52 6.4 5.2 3.4 20.0% 16.0% Specialized REITs Real Estate 694.93 0.2 32 60 38 65.16 13.6 13.9 47.87 0.9 7.8 12.4 29.0% 29.0% Commercial Printing Commercial Services 75307.40 0.1 33 (23) 50 62.86 (8.6) 14.3 46.85 (2.4) (2.5) 9.3 30.8% 23.1% Restaurants Consumer Services 248861.14 1.2 34 11 (14) 66.61 6.8 1.6 42.28 (3.5) 1.9 3.5 25.9% 16.7% Communications Equipment Technology: Computers/Equip 1105427.19 0.1 35 (15) 1 61.57 (1.4) 7.7 52.16 (1.4) 4.8 8.1 24.0% 21.0% Diversified REITs Real Estate 4543.42 0.1 36 41 86 63.33 9.3 16.7 48.13 0.2 7.1 12.2 13.3% 13.3% 2010 Phil Erlanger Research Co., Inc. Page 1 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Aerospace & Defense Capital Goods 97412.45 1.2 37 6 23 61.72 3.0 8.8 51.39 0.7 9.8 12.4 35.5% 30.6% Cable & Satellite Media 4361.17 0.3 38 28 77 65.00 5.6 20.0 44.31 3.9 7.6 13.8 31.3% 31.3% Insurance Brokers Insurance 1980.52 (0.1) 39 (10) (22) 61.00 1.0 (4.0) 51.30 (1.6) 5.5 23.0 20.0% 20.0% Semiconductors Technology: Semiconductors 197393.37 (0.3) 40 (23) (21) 60.71 (5.5) (0.7) 49.96 1.1 2.4 1.7 22.9% 17.7% Avg 1mos 3mos Squeeze Potential Diversified Metals/Mining Materials 263288.82 0.0 41 31 79 60.40 3.3 13.0 48.27 5.3 9.8 4.6 9.1% 9.1% Coal & Consumable Fuels Energy 14041.68 (0.3) 42 (15) 17 71.43 3.8 15.4 42.37 3.9 6.5 (5.3) 26.3% 15.8% Airlines Transportation 67028.58 (0.1) 43 43 (28) 65.91 9.2 (0.9) 39.50 0.1 0.0 (6.0) 36.4% 22.7% Broadcasting Media 3473.78 0.7 44 5 23 71.54 3.8 11.9 32.27 0.5 0.4 9.0 7.7% 7.7% Office REITs Real Estate 2789.43 0.7 45 76 99 64.74 16.4 34.7 41.37 0.1 3.2 13.3 5.3% 5.3% Specialty Chemicals Materials 30236.77 0.6 46 (28) 62 57.18 (4.9) 16.9 53.97 (0.7) 4.3 11.2 31.6% 21.1% Specialty Stores Retailing 10856.88 0.5 47 15 0 64.00 7.2 9.0 42.20 (4.4) 2.0 0.0 23.3% 20.0% Health Care Facilities Health Care Equip & Serv 209837.99 0.5 48 (15) 2 54.67 1.2 8.0 60.63 0.8 2.8 15.5 30.0% 20.0% Diversified Chemicals Materials 4423.59 0.8 49 (26) (25) 62.86 (2.8) 0.7 49.46 (0.7) 9.7 16.7 15.4% 15.4% Consumer Electronics Consumer Durables/Apparel 3977.56 (1.2) 50 15 (10) 67.00 7.0 10.3 35.50 (3.7) (4.3) (1.4) 20.0% 10.0% Oil & Gas Equip & Serv Energy 27599.23 (0.2) 51 (13) (2) 57.21 0.1 6.7 55.52 2.2 6.9 13.8 40.0% 23.3% Application Software Technology: Software/Serv 421751.33 0.1 52 8 9 57.27 3.7 10.3 53.41 (1.8) 1.3 8.7 22.5% 16.3% Auto Parts & Equipment Automobiles & Components 40202.06 0.2 53 (27) 29 60.97 (2.5) 9.5 43.60 (1.6) (0.8) 9.7 26.7% 13.3% Computer & Electronics Retail Retailing 134272.30 1.0 54 41 2 62.50 8.8 12.5 42.63 0.6 (4.0) (6.6) 25.0% 12.5% Steel Materials 18777.24 (0.5) 55 4 40 60.30 3.0 12.1 52.19 2.8 6.8 2.5 18.8% 15.6% Alternative Carriers Telecommunication Serv 6079.38 0.4 56 (21) (24) 56.00 (2.0) 6.0 52.70 (0.2) (4.5) 7.5 40.0% 20.0% Managed Health Care Health Care Equip & Serv 21117.44 1.3 57 (21) (29) 61.11 (2.2) 3.3 42.33 (0.1) (1.8) 2.4 16.7% 11.1% Leisure Facilities Consumer Services 33934.32 (0.6) 58 (5) (40) 58.89 (1.1) (6.7) 47.11 3.3 13.7 3.1 33.3% 22.2% Specialized Consumer Serv Consumer Services 70892.97 0.3 59 11 (4) 51.11 0.0 1.7 61.67 6.3 11.0 5.6 22.2% 16.7% Regional Banks Banks 75308.97 0.6 60 7 (18) 51.24 0.3 (2.4) 52.14 1.6 6.5 10.9 21.3% 15.7% Consumer Finance Diversified Financials 17055.98 0.9 61 23 38 63.18 4.9 15.1 37.41 (0.7) (0.2) 3.3 13.6% 13.6% Health Care Supplies Health Care Equip & Serv 348634.12 0.7 62 (6) 14 51.94 (2.8) 2.9 57.69 2.5 2.7 15.4 28.1% 12.5% Internet Software/Serv Technology: Software/Serv 4071558.89 (0.4) 63 5 (18) 55.38 1.7 3.0 51.03 (0.3) 1.6 8.5 26.1% 18.2% Property & Casualty Insurance Insurance 41712.26 (0.3) 64 (27) (25) 51.01 (3.8) 1.3 59.62 2.5 4.8 11.2 23.5% 16.2% IT Consulting Technology: Software/Serv 270522.31 0.0 65 (23) (13) 56.53 1.3 6.3 55.02 (0.1) 8.7 12.0 25.0% 14.6% Paper Products Materials 6324.19 1.1 66 15 58 57.50 4.8 5.0 51.44 (3.4) 12.8 21.0 18.8% 12.5% Office Serv & Supplies Commercial Services 41593.37 1.3 67 (19) 37 55.29 (1.8) 15.3 52.06 0.4 (0.8) 4.1 29.4% 17.6% Homebuilding Consumer Durables/Apparel 11098.80 (0.5) 68 55 (62) 57.37 12.1 (10.6) 47.11 0.8 1.0 5.4 15.8% 15.8% Industrial Conglomerates Capital Goods 10299.20 0.1 69 21 5 56.88 5.0 9.4 47.94 0.3 1.4 8.5 37.5% 31.3% Pharmaceuticals Pharmaceuticals 146015.41 0.9 70 21 1 56.79 6.9 7.5 45.96 (2.6) 1.0 5.5 23.5% 14.8% Semiconductor Equipment Technology: Semiconductors 135711.12 0.8 71 27 (38) 53.91 6.7 1.8 53.09 (0.8) 0.7 11.4 32.6% 17.4% Health Care Equipment Health Care Equip & Serv 139867.98 0.7 72 (31) (46) 54.00 (3.8) (4.7) 53.07 2.0 5.1 5.9 31.8% 19.6% 2010 Phil Erlanger Research Co., Inc. Page 2 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Life Sciences Tools/Serv Pharmaceuticals 173315.63 0.3 73 (10) (30) 57.44 1.0 2.8 47.31 1.5 5.2 9.3 26.2% 16.7% Avg 1mos 3mos Squeeze Potential Paper Packaging Materials 10420.73 (0.8) 74 (28) 53 60.00 (1.0) 17.0 38.60 (5.6) 7.1 12.1 10.0% 0.0% Electronic Mfg Services Technology: Computers/Equip 3542.73 (0.1) 75 (17) (59) 51.18 (2.4) (8.2) 59.03 1.9 7.0 10.0 39.4% 21.2% Thrifts/Mortgage Banks 42553.21 0.7 76 0 (8) 50.95 (1.7) (0.9) 50.60 1.5 8.9 11.6 20.0% 14.8% Marine Transportation 626156.84 0.1 77 17 58 51.25 (0.6) 22.1 50.96 3.5 (0.1) 5.3 21.7% 17.4% Airport Services Transportation 208.00 (1.0) 78 22 (73) 66.00 0.0 (12.0) 21.75 (5.8) (11.5) (15.0) 0.0% 0.0% Biotechnology Pharmaceuticals 3020270.37 0.9 79 39 (16) 57.61 7.8 5.1 44.39 2.0 3.5 7.0 23.5% 16.7% Systems Software Technology: Software/Serv 41071.54 0.2 80 (9) (5) 53.85 0.0 5.6 48.38 (0.6) 3.2 3.3 25.6% 15.4% Office Electronics Technology: Computers/Equip 1656.36 1.3 81 4 (79) 57.50 12.5 (2.5) 36.00 (17.0) (40.3) (42.0) 0.0% 0.0% Food Distributors Food & Staples Retailing 3756.68 (0.4) 82 (38) (60) 46.25 (6.6) (12.3) 62.75 1.6 12.9 18.6 25.0% 0.0% Commodity Chemicals Materials 97794.06 (0.3) 83 (33) 38 52.35 (3.3) 11.8 50.38 (5.6) (2.3) 2.5 18.8% 6.3% Computer Peripherals Technology: Computers/Equip 119065.69 0.4 84 17 (36) 52.75 3.8 1.0 49.08 (1.2) 2.9 5.0 22.5% 15.0% Hypermarkets/Super Centers Food & Staples Retailing 6032.84 0.3 85 39 (75) 44.00 4.0 (20.0) 66.60 9.4 16.6 16.0 80.0% 20.0% Distributors Retailing 357849.80 0.0 86 (31) 30 54.44 0.4 13.2 53.63 1.4 13.1 21.1 25.0% 25.0% Multi-line Insurance Insurance 76402.09 0.4 87 22 (1) 61.54 4.6 6.9 29.92 (1.0) 4.6 (0.5) 0.0% 0.0% Oil & Gas Explor/Prod Energy 1468071.39 0.6 88 11 (42) 53.23 1.9 (2.3) 48.09 1.4 6.7 5.5 22.1% 10.7% Real Estate Services Real Estate 1291.85 (0.7) 89 (28) (76) 62.22 2.2 (6.1) 32.11 (8.2) 0.3 2.3 11.1% 11.1% Security & Alarm Services Commercial Services 4958.68 1.7 90 46 13 53.33 16.7 6.7 45.33 0.8 8.0 7.8 16.7% 0.0% Electronic Components Technology: Computers/Equip 135195.75 (0.3) 91 6 (53) 54.09 0.0 (3.6) 43.05 2.5 5.4 5.0 22.7% 18.2% Industrial Machinery Capital Goods 48381.74 (0.5) 92 (5) 4 51.46 (1.8) 3.9 50.42 1.8 7.0 9.2 28.2% 18.8% Publishing Media 23068.95 0.1 93 (36) (49) 52.00 (6.0) (2.0) 46.80 0.8 4.1 4.4 24.0% 8.0% Personal Products Household & Personal Products 1701778.01 (0.3) 94 12 (41) 54.24 0.5 (3.2) 38.40 2.5 2.4 (2.4) 13.3% 13.3% Wireless Telecom Serv Telecommunication Serv 10538.87 0.4 95 22 (44) 53.13 5.3 (1.3) 42.48 (0.3) 2.8 2.3 3.2% 3.2% Fertilizers & Agri Chemicals Materials 3788.31 (0.8) 96 (42) (9) 46.67 (9.2) (6.5) 56.13 0.5 16.2 10.5 13.3% 0.0% Electrical Components/Equip Capital Goods 400909.58 0.3 97 8 (8) 49.74 3.1 4.8 52.20 0.5 7.0 10.3 28.4% 13.5% Environmental Services Commercial Services 178350.12 (0.5) 98 (25) (5) 47.50 (3.5) 4.6 59.03 (0.1) 6.6 17.3 27.6% 10.3% Home Entertainment Software Technology: Software/Serv 20.38 0.9 99 17 (62) 53.53 5.3 (3.4) 41.06 (2.6) (0.2) 8.1 29.4% 23.5% Building Products Capital Goods 479791.49 1.2 100 29 (12) 49.05 8.6 3.6 46.85 0.6 1.2 6.0 20.0% 10.0% Photographic Products Consumer Durables/Apparel 1508.36 (0.2) 101 (100) (100) 60.00 (30.0) (40.0) 28.00 (12.0) 4.0 (24.0) 0.0% 0.0% Diversified Support Services Commercial Services 37382.05 0.9 102 2 (33) 47.00 0.8 1.2 58.74 0.7 7.7 14.7 36.8% 15.8% Technology Distributors Technology: Computers/Equip 110275.01 (0.6) 103 16 2 53.81 2.9 1.9 43.95 (2.9) 3.6 13.0 21.1% 21.1% Health Care Services Health Care Equip & Serv 454509.85 0.7 104 4 (24) 47.09 (0.5) 0.3 51.82 2.5 5.4 14.0 20.0% 9.1% Data Processing Services Technology: Software/Serv 52013.35 0.1 105 22 (33) 46.15 3.8 0.6 55.79 3.4 3.4 8.4 33.3% 10.3% Railroads Transportation 28870.21 0.9 106 1 (76) 49.00 (4.3) (12.0) 48.40 11.2 11.5 2.6 30.0% 20.0% Water Utilities Utilities 40326.21 0.5 107 (19) (5) 42.35 (2.9) 0.6 59.53 (2.0) 6.8 8.3 41.2% 17.6% Soft Drinks Food Beverage & Tobacco 42013.29 1.1 108 (56) (14) 54.00 (8.9) 9.3 37.47 (2.4) (4.1) (9.9) 6.7% 6.7% 2010 Phil Erlanger Research Co., Inc. Page 3 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Avg 1mos 3mos Squeeze Potential Mortgage REITs Real Estate 9961.33 (0.3) 109 1 24 50.00 2.9 10.4 44.53 (1.8) 7.1 1.3 18.8% 3.1% Real Estate Mgt Real Estate 29106.51 (0.3) 110 (14) (9) 48.00 (2.0) 4.0 47.60 (1.2) (3.9) 8.2 20.0% 0.0% Packaged Foods & Meats Food Beverage & Tobacco 82825.06 0.0 111 (8) (70) 48.82 (4.0) (10.9) 49.22 1.5 4.3 11.8 21.5% 12.3% Electronic Equipment Mfg Technology: Computers/Equip 330188.45 (0.4) 112 (23) (55) 50.59 (4.7) (5.7) 41.35 0.9 5.1 5.8 9.8% 7.8% Multi-Sector Holdings Diversified Financials 19052.42 0.6 113 (89) 5 50.00 (17.5) 5.0 42.25 2.3 6.0 12.6 25.0% 25.0% Distillers & Vintners Food Beverage & Tobacco 5003.67 1.0 114 32 (29) 50.00 18.8 1.3 41.75 (0.3) 1.5 3.9 12.5% 0.0% Home Improvement Retail Retailing 4114.07 1.3 115 0 (42) 55.00 (2.5) (7.5) 32.50 6.5 15.3 4.3 0.0% 0.0% Oil & Gas Storage/Trans Energy 18650.13 0.3 116 (2) (16) 54.46 (0.3) 7.1 32.78 1.1 (3.9) (5.3) 10.8% 7.7% Automobile Mfg Automobiles & Components 6514.02 0.3 117 (6) 2 46.67 (5.0) (3.3) 48.00 8.3 22.0 22.2 33.3% 16.7% Investment Banking/Brokerage Diversified Financials 576444.53 0.4 118 8 16 42.12 2.8 13.4 55.31 0.9 0.4 2.1 31.3% 12.5% Health Care Technology Health Care Equip & Serv 16726.81 (0.1) 119 (40) (42) 43.00 (6.5) (1.5) 53.95 0.8 2.1 18.2 35.0% 15.0% Metal/Glass Containers Materials 8067.04 0.7 120 10 19 46.36 3.6 11.8 44.91 0.7 4.6 17.2 18.2% 9.1% Health Care Distributors Health Care Equip & Serv 33951.39 0.2 121 (19) (86) 46.67 (4.7) (10.0) 50.57 2.1 6.7 3.7 7.1% 0.0% Construction & Engineering Capital Goods 83466.86 0.5 122 9 1 40.63 0.3 1.3 55.03 6.0 10.1 19.5 31.3% 9.4% Automotive Retail Retailing 291249.16 (0.3) 123 (3) (6) 53.53 (2.9) 2.9 39.18 1.8 2.5 (1.1) 23.5% 23.5% Gas Utilities Utilities 3780.59 (0.4) 124 (42) (12) 40.69 (11.5) (0.8) 51.61 1.7 5.4 6.8 21.4% 0.0% Multi-Utilities Utilities 819.86 0.4 125 (12) (33) 43.85 (5.8) (1.5) 44.54 1.4 0.9 0.8 15.4% 11.5% Advertising Media 27847.99 0.6 126 6 (12) 47.00 0.7 2.3 33.39 (1.2) (1.7) 1.9 0.0% 0.0% Diversified Capital Markets Diversified Financials 190.06 0.1 127 16 21 44.00 10.0 16.0 42.60 1.4 5.8 1.8 40.0% 0.0% Heavy Electrical Equipment Capital Goods 1733.99 2.4 128 (3) 15 33.75 (2.5) 8.8 56.71 1.8 1.4 (3.6) 42.9% 28.6% Real Estate Dev Real Estate 64626.04 (0.4) 129 (1) 3 45.00 1.0 6.4 39.83 0.7 (2.8) 12.3 0.0% 0.0% Tobacco Food Beverage & Tobacco 2662.85 (0.2) 130 (55) (109) 38.75 (8.8) (16.3) 51.88 (9.5) (6.4) (2.8) 37.5% 12.5% Diversified Banks Banks 5933.17 0.7 131 8 10 46.25 3.6 6.5 36.92 6.0 8.4 6.1 7.9% 2.6% Industrial Gases Materials 572581524.71 (0.5) 132 1 14 35.00 (2.5) 0.0 40.67 8.7 32.0 18.0 33.3% 0.0% Casinos & Gaming Consumer Services 499095.36 (0.6) 133 11 5 41.92 10.3 3.4 43.08 4.4 10.1 7.4 15.4% 0.0% Household Appliances Consumer Durables/Apparel 24229.38 0.7 134 (103) (53) 40.00 (28.8) (21.3) 46.33 2.3 16.5 20.7 16.7% 0.0% Food Retail Food & Staples Retailing 7151.04 (0.1) 135 (66) (22) 37.65 (16.5) (0.6) 56.59 1.2 4.3 9.9 35.3% 0.0% Integrated Telecom Serv Telecommunication Serv 12849.27 0.2 136 (1) (6) 38.85 2.5 (1.4) 46.90 2.2 8.7 4.2 26.5% 4.1% Household Products Household & Personal Products 17756.82 0.5 137 (59) (53) 38.33 (13.3) (20.9) 46.00 (2.5) 7.8 2.3 27.3% 9.1% Integrated Oil & Gas Energy 7335.87 0.0 138 4 (9) 38.08 7.3 1.7 47.31 (1.6) 3.0 16.8 15.4% 3.8% Agricultural Products Food Beverage & Tobacco 16979.65 (1.0) 139 (5) 6 40.91 0.9 10.0 41.27 0.3 7.0 7.5 9.1% 9.1% Reinsurance Insurance 534.01 0.0 140 (18) (62) 33.75 (10.0) (13.6) 52.94 2.6 8.3 15.7 18.8% 6.3% Oil & Gas Drilling Energy 31863.14 (0.6) 141 (1) (15) 35.26 0.0 (4.7) 48.47 5.8 9.6 8.1 21.1% 5.3% Real Estate Operating Companies Real Estate 153777.41 (0.4) 142 (49) (36) 43.33 (15.2) (10.3) 32.33 (4.6) 8.2 10.5 8.3% 0.0% Electric Utilities Utilities 1236.37 0.3 143 (5) (36) 39.29 (0.2) (6.8) 40.90 0.7 3.4 0.5 9.5% 2.4% Research & Consulting Services Commercial Services 145081.86 (0.1) 144 (3) (35) 43.93 4.6 (0.1) 47.73 (6.6) (1.9) 5.4 30.8% 15.4% 2010 Phil Erlanger Research Co., Inc. Page 4 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Avg 1mos 3mos Squeeze Potential Other Diversified Financial Services Diversified Financials 5301.50 2.3 145 0 7 40.00 (8.0) 16.0 25.25 (9.8) (10.3) (3.8) 0.0% 0.0% Aluminum Materials 1206.75 (0.8) 146 5 (15) 38.00 10.0 (2.0) 36.40 3.4 2.0 (3.2) 40.0% 0.0% Construction Materials Materials 130599.76 0.4 147 0 2 28.57 (1.4) (0.7) 45.45 (0.2) 9.1 17.4 27.3% 9.1% Gold Materials 48626.24 1.0 148 (11) (1) 35.00 (10.5) (3.0) 33.37 3.7 7.3 (2.2) 5.3% 5.3% Brewers Food Beverage & Tobacco 1653.10 0.3 149 (1) 2 38.33 1.7 (1.7) 23.50 3.3 10.0 8.5 0.0% 0.0% Drug Retail Food & Staples Retailing 1719.84 0.0 150 2 (10) 30.00 (2.5) (26.0) 26.00 20.0 18.7 3.8 0.0% 0.0% Precious Metals & Minerals Materials 17213.89 1.4 151 (1) (23) 35.00 (0.8) (16.7) 21.08 1.9 7.3 (13.4) 0.0% 0.0% Tires & Rubber Automobiles & Components 810.02 0.6 152 (3) 1 35.00 0.0 10.0 20.00 (1.5) 2.5 3.5 0.0% 0.0% Independent Power Utilities 15134.44 0.7 153 0 (3) 31.67 6.2 5.3 28.40 (1.9) 0.2 (8.3) 0.0% 0.0% Type 1 % 2010 Phil Erlanger Research Co., Inc. Page 5
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Motorcycle Mfg Automobiles & Components 193.14 0.3 4 108 133 70.00 35.0 45.0 71.50 (0.5) 11.0 18.0 50.0% 50.0% Avg 1mos 3mos Squeeze Potential Office REITs Real Estate 2789.43 0.7 45 76 99 64.74 16.4 34.7 41.37 0.1 3.2 13.3 5.3% 5.3% Internet Retail Retailing 15090.84 1.5 22 61 7 64.38 13.7 7.5 53.88 1.4 8.1 6.9 43.8% 31.3% Specialized REITs Real Estate 694.93 0.2 32 60 38 65.16 13.6 13.9 47.87 0.9 7.8 12.4 29.0% 29.0% Homebuilding Consumer Durables/Apparel 11098.80 (0.5) 68 55 (62) 57.37 12.1 (10.6) 47.11 0.8 1.0 5.4 15.8% 15.8% Residential REITs Real Estate 5062.95 0.1 29 51 68 63.75 10.0 16.3 52.13 4.4 14.6 22.3 12.5% 12.5% Security & Alarm Services Commercial Services 4958.68 1.7 90 46 13 53.33 16.7 6.7 45.33 0.8 8.0 7.8 16.7% 0.0% Life & Health Insurance Insurance 262174.27 0.9 19 45 123 70.80 11.6 37.2 42.40 5.5 6.9 12.4 20.0% 20.0% Trucking Transportation 21499.59 0.7 31 43 67 68.40 8.4 20.8 42.52 6.4 5.2 3.4 20.0% 16.0% Airlines Transportation 67028.58 (0.1) 43 43 (28) 65.91 9.2 (0.9) 39.50 0.1 0.0 (6.0) 36.4% 22.7% Computer & Electronics Retail Retailing 134272.30 1.0 54 41 2 62.50 8.8 12.5 42.63 0.6 (4.0) (6.6) 25.0% 12.5% Diversified REITs Real Estate 4543.42 0.1 36 41 86 63.33 9.3 16.7 48.13 0.2 7.1 12.2 13.3% 13.3% Biotechnology Pharmaceuticals 3020270.37 0.9 79 39 (16) 57.61 7.8 5.1 44.39 2.0 3.5 7.0 23.5% 16.7% Hypermarkets/Super Centers Food & Staples Retailing 6032.84 0.3 85 39 (75) 44.00 4.0 (20.0) 66.60 9.4 16.6 16.0 80.0% 20.0% Footwear Consumer Durables/Apparel 6234.14 0.6 11 36 0 72.14 13.6 7.8 46.43 (2.6) (1.0) 7.6 7.1% 7.1% Distillers & Vintners Food Beverage & Tobacco 5003.67 1.0 114 32 (29) 50.00 18.8 1.3 41.75 (0.3) 1.5 3.9 12.5% 0.0% Diversified Metals/Mining Materials 263288.82 0.0 41 31 79 60.40 3.3 13.0 48.27 5.3 9.8 4.6 9.1% 9.1% Building Products Capital Goods 479791.49 1.2 100 29 (12) 49.05 8.6 3.6 46.85 0.6 1.2 6.0 20.0% 10.0% Cable & Satellite Media 4361.17 0.3 38 28 77 65.00 5.6 20.0 44.31 3.9 7.6 13.8 31.3% 31.3% Semiconductor Equipment Technology: Semiconductors 135711.12 0.8 71 27 (38) 53.91 6.7 1.8 53.09 (0.8) 0.7 11.4 32.6% 17.4% Human Resource & Employment Services Commercial Services 99122.77 0.5 9 25 3 71.05 10.5 11.1 51.47 0.0 (3.2) 9.9 36.8% 36.8% Oil & Gas Refining/Mkting Energy 36816.63 0.5 27 24 35 60.91 6.8 10.9 54.19 0.5 5.7 1.6 23.8% 23.8% Consumer Finance Diversified Financials 17055.98 0.9 61 23 38 63.18 4.9 15.1 37.41 (0.7) (0.2) 3.3 13.6% 13.6% Wireless Telecom Serv Telecommunication Serv 10538.87 0.4 95 22 (44) 53.13 5.3 (1.3) 42.48 (0.3) 2.8 2.3 3.2% 3.2% Multi-line Insurance Insurance 76402.09 0.4 87 22 (1) 61.54 4.6 6.9 29.92 (1.0) 4.6 (0.5) 0.0% 0.0% Data Processing Services Technology: Software/Serv 52013.35 0.1 105 22 (33) 46.15 3.8 0.6 55.79 3.4 3.4 8.4 33.3% 10.3% Airport Services Transportation 208.00 (1.0) 78 22 (73) 66.00 0.0 (12.0) 21.75 (5.8) (11.5) (15.0) 0.0% 0.0% Industrial Conglomerates Capital Goods 10299.20 0.1 69 21 5 56.88 5.0 9.4 47.94 0.3 1.4 8.5 37.5% 31.3% Pharmaceuticals Pharmaceuticals 146015.41 0.9 70 21 1 56.79 6.9 7.5 45.96 (2.6) 1.0 5.5 23.5% 14.8% Computer Peripherals Technology: Computers/Equip 119065.69 0.4 84 17 (36) 52.75 3.8 1.0 49.08 (1.2) 2.9 5.0 22.5% 15.0% Marine Transportation 626156.84 0.1 77 17 58 51.25 (0.6) 22.1 50.96 3.5 (0.1) 5.3 21.7% 17.4% Home Entertainment Software Technology: Software/Serv 20.38 0.9 99 17 (62) 53.53 5.3 (3.4) 41.06 (2.6) (0.2) 8.1 29.4% 23.5% Diversified Capital Markets Diversified Financials 190.06 0.1 127 16 21 44.00 10.0 16.0 42.60 1.4 5.8 1.8 40.0% 0.0% Housewares/Specialties Consumer Durables/Apparel 25762.27 0.5 23 16 88 65.38 4.5 17.0 51.42 4.8 15.2 19.1 8.3% 0.0% Technology Distributors Technology: Computers/Equip 110275.01 (0.6) 103 16 2 53.81 2.9 1.9 43.95 (2.9) 3.6 13.0 21.1% 21.1% Specialty Stores Retailing 10856.88 0.5 47 15 0 64.00 7.2 9.0 42.20 (4.4) 2.0 0.0 23.3% 20.0% 2010 Phil Erlanger Research Co., Inc. Page 1 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Paper Products Materials 6324.19 1.1 66 15 58 57.50 4.8 5.0 51.44 (3.4) 12.8 21.0 18.8% 12.5% Consumer Electronics Consumer Durables/Apparel 3977.56 (1.2) 50 15 (10) 67.00 7.0 10.3 35.50 (3.7) (4.3) (1.4) 20.0% 10.0% Personal Products Household & Personal Products 1701778.01 (0.3) 94 12 (41) 54.24 0.5 (3.2) 38.40 2.5 2.4 (2.4) 13.3% 13.3% Restaurants Consumer Services 248861.14 1.2 34 11 (14) 66.61 6.8 1.6 42.28 (3.5) 1.9 3.5 25.9% 16.7% Asset Mmt/Custody Banks Diversified Financials 831497.45 0.6 21 11 69 65.25 4.3 21.1 53.47 0.6 2.6 8.1 41.7% 36.7% Avg 1mos 3mos Squeeze Potential Casinos & Gaming Consumer Services 499095.36 (0.6) 133 11 5 41.92 10.3 3.4 43.08 4.4 10.1 7.4 15.4% 0.0% Specialized Consumer Serv Consumer Services 70892.97 0.3 59 11 (4) 51.11 0.0 1.7 61.67 6.3 11.0 5.6 22.2% 16.7% Oil & Gas Explor/Prod Energy 1468071.39 0.6 88 11 (42) 53.23 1.9 (2.3) 48.09 1.4 6.7 5.5 22.1% 10.7% Metal/Glass Containers Materials 8067.04 0.7 120 10 19 46.36 3.6 11.8 44.91 0.7 4.6 17.2 18.2% 9.1% Air Freight & Logistics Transportation 8996.45 0.7 18 10 118 70.77 6.9 33.8 43.77 (0.5) 6.2 7.5 38.5% 23.1% Computer Hardware Technology: Computers/Equip 26149.71 0.5 30 10 (21) 62.86 5.7 (0.7) 54.07 0.5 2.2 1.1 21.4% 14.3% Construction & Engineering Capital Goods 83466.86 0.5 122 9 1 40.63 0.3 1.3 55.03 6.0 10.1 19.5 31.3% 9.4% Marine Services Transportation 257.45 (1.5) 13 9 21 50.00 3.3 0.0 89.00 8.5 7.5 7.3 66.7% 33.3% Diversified Banks Banks 5933.17 0.7 131 8 10 46.25 3.6 6.5 36.92 6.0 8.4 6.1 7.9% 2.6% Electrical Components/Equip Capital Goods 400909.58 0.3 97 8 (8) 49.74 3.1 4.8 52.20 0.5 7.0 10.3 28.4% 13.5% Investment Banking/Brokerage Diversified Financials 576444.53 0.4 118 8 16 42.12 2.8 13.4 55.31 0.9 0.4 2.1 31.3% 12.5% Application Software Technology: Software/Serv 421751.33 0.1 52 8 9 57.27 3.7 10.3 53.41 (1.8) 1.3 8.7 22.5% 16.3% Leisure Products Consumer Durables/Apparel 1959045.57 (1.3) 1 8 3 83.91 10.0 8.2 50.64 1.2 6.7 13.6 40.9% 40.9% Regional Banks Banks 75308.97 0.6 60 7 (18) 51.24 0.3 (2.4) 52.14 1.6 6.5 10.9 21.3% 15.7% Industrial REITs Real Estate 2228.64 0.2 6 7 119 75.00 7.5 41.3 56.13 0.8 3.8 23.3 37.5% 37.5% Aerospace & Defense Capital Goods 97412.45 1.2 37 6 23 61.72 3.0 8.8 51.39 0.7 9.8 12.4 35.5% 30.6% Advertising Media 27847.99 0.6 126 6 (12) 47.00 0.7 2.3 33.39 (1.2) (1.7) 1.9 0.0% 0.0% Electronic Components Technology: Computers/Equip 135195.75 (0.3) 91 6 (53) 54.09 0.0 (3.6) 43.05 2.5 5.4 5.0 22.7% 18.2% Aluminum Materials 1206.75 (0.8) 146 5 (15) 38.00 10.0 (2.0) 36.40 3.4 2.0 (3.2) 40.0% 0.0% Broadcasting Media 3473.78 0.7 44 5 23 71.54 3.8 11.9 32.27 0.5 0.4 9.0 7.7% 7.7% Hotels & Cruise Lines Consumer Services 11639.07 0.0 25 5 0 61.20 1.6 4.1 55.08 3.1 7.0 6.7 33.3% 25.0% Internet Software/Serv Technology: Software/Serv 4071558.89 (0.4) 63 5 (18) 55.38 1.7 3.0 51.03 (0.3) 1.6 8.5 26.1% 18.2% Steel Materials 18777.24 (0.5) 55 4 40 60.30 3.0 12.1 52.19 2.8 6.8 2.5 18.8% 15.6% Integrated Oil & Gas Energy 7335.87 0.0 138 4 (9) 38.08 7.3 1.7 47.31 (1.6) 3.0 16.8 15.4% 3.8% Office Electronics Technology: Computers/Equip 1656.36 1.3 81 4 (79) 57.50 12.5 (2.5) 36.00 (17.0) (40.3) (42.0) 0.0% 0.0% Health Care Services Health Care Equip & Serv 454509.85 0.7 104 4 (24) 47.09 (0.5) 0.3 51.82 2.5 5.4 14.0 20.0% 9.1% Homefurnishing Retail Retailing 11083.75 (1.8) 3 3 4 85.71 2.4 10.7 40.14 (0.4) 8.3 11.7 14.3% 14.3% Diversified Support Services Commercial Services 37382.05 0.9 102 2 (33) 47.00 0.8 1.2 58.74 0.7 7.7 14.7 36.8% 15.8% Apparel Retail Retailing 42607.30 0.3 5 2 22 79.30 1.9 22.1 49.63 0.4 2.7 8.5 39.5% 39.5% Drug Retail Food & Staples Retailing 1719.84 0.0 150 2 (10) 30.00 (2.5) (26.0) 26.00 20.0 18.7 3.8 0.0% 0.0% Construction/Farm Machinery Capital Goods 17536.89 0.1 17 2 37 67.84 2.2 15.6 50.32 1.5 6.4 6.5 29.7% 29.7% 2010 Phil Erlanger Research Co., Inc. Page 2 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Home Furnishings Consumer Durables/Apparel 14958.22 0.7 2 2 29 91.33 4.5 27.3 33.60 0.1 5.0 4.0 20.0% 20.0% Apparel Accessories Consumer Durables/Apparel 85599.28 (0.3) 10 2 48 66.92 (1.0) 18.0 57.08 0.1 8.5 13.4 33.3% 30.8% Railroads Transportation 28870.21 0.9 106 1 (76) 49.00 (4.3) (12.0) 48.40 11.2 11.5 2.6 30.0% 20.0% Catalog Retail Retailing 1135.76 (0.6) 7 1 1 71.67 0.0 9.7 52.17 (16.0) (4.6) 9.0 50.0% 33.3% Avg 1mos 3mos Squeeze Potential Mortgage REITs Real Estate 9961.33 (0.3) 109 1 24 50.00 2.9 10.4 44.53 (1.8) 7.1 1.3 18.8% 3.1% Industrial Gases Materials 572581524.71 (0.5) 132 1 14 35.00 (2.5) 0.0 40.67 8.7 32.0 18.0 33.3% 0.0% Construction Materials Materials 130599.76 0.4 147 0 2 28.57 (1.4) (0.7) 45.45 (0.2) 9.1 17.4 27.3% 9.1% Other Diversified Financial Services Diversified Financials 5301.50 2.3 145 0 7 40.00 (8.0) 16.0 25.25 (9.8) (10.3) (3.8) 0.0% 0.0% Home Improvement Retail Retailing 4114.07 1.3 115 0 (42) 55.00 (2.5) (7.5) 32.50 6.5 15.3 4.3 0.0% 0.0% Independent Power Utilities 15134.44 0.7 153 0 (3) 31.67 6.2 5.3 28.40 (1.9) 0.2 (8.3) 0.0% 0.0% Thrifts/Mortgage Banks 42553.21 0.7 76 0 (8) 50.95 (1.7) (0.9) 50.60 1.5 8.9 11.6 20.0% 14.8% Retail REITs Real Estate 4848.67 0.0 16 0 94 68.40 1.9 24.8 49.96 0.1 8.1 11.2 16.0% 12.0% Precious Metals & Minerals Materials 17213.89 1.4 151 (1) (23) 35.00 (0.8) (16.7) 21.08 1.9 7.3 (13.4) 0.0% 0.0% Brewers Food Beverage & Tobacco 1653.10 0.3 149 (1) 2 38.33 1.7 (1.7) 23.50 3.3 10.0 8.5 0.0% 0.0% Department Stores Retailing 13351.23 0.0 12 (1) 79 76.67 0.0 31.1 36.89 (3.3) (6.1) (23.0) 22.2% 22.2% Oil & Gas Drilling Energy 31863.14 (0.6) 141 (1) (15) 35.26 0.0 (4.7) 48.47 5.8 9.6 8.1 21.1% 5.3% Integrated Telecom Serv Telecommunication Serv 12849.27 0.2 136 (1) (6) 38.85 2.5 (1.4) 46.90 2.2 8.7 4.2 26.5% 4.1% Real Estate Dev Real Estate 64626.04 (0.4) 129 (1) 3 45.00 1.0 6.4 39.83 0.7 (2.8) 12.3 0.0% 0.0% Oil & Gas Storage/Trans Energy 18650.13 0.3 116 (2) (16) 54.46 (0.3) 7.1 32.78 1.1 (3.9) (5.3) 10.8% 7.7% Automotive Retail Retailing 291249.16 (0.3) 123 (3) (6) 53.53 (2.9) 2.9 39.18 1.8 2.5 (1.1) 23.5% 23.5% Heavy Electrical Equipment Capital Goods 1733.99 2.4 128 (3) 15 33.75 (2.5) 8.8 56.71 1.8 1.4 (3.6) 42.9% 28.6% Textiles Consumer Durables/Apparel 9676.56 1.9 8 (3) (5) 70.00 (1.7) (12.0) 52.80 0.6 21.2 36.1 20.0% 20.0% Research & Consulting Services Commercial Services 145081.86 (0.1) 144 (3) (35) 43.93 4.6 (0.1) 47.73 (6.6) (1.9) 5.4 30.8% 15.4% Trading Cos & Distributors Capital Goods 68144.36 0.9 28 (3) 38 67.59 4.8 20.7 57.03 0.7 2.7 0.9 41.4% 31.0% Tires & Rubber Automobiles & Components 810.02 0.6 152 (3) 1 35.00 0.0 10.0 20.00 (1.5) 2.5 3.5 0.0% 0.0% Leisure Facilities Consumer Services 33934.32 (0.6) 58 (5) (40) 58.89 (1.1) (6.7) 47.11 3.3 13.7 3.1 33.3% 22.2% Agricultural Products Food Beverage & Tobacco 16979.65 (1.0) 139 (5) 6 40.91 0.9 10.0 41.27 0.3 7.0 7.5 9.1% 9.1% Movies & Entertainment Media 160397.63 (0.4) 26 (5) 39 68.00 6.8 19.2 45.04 (2.2) 0.3 9.8 33.3% 29.2% Industrial Machinery Capital Goods 48381.74 (0.5) 92 (5) 4 51.46 (1.8) 3.9 50.42 1.8 7.0 9.2 28.2% 18.8% Electric Utilities Utilities 1236.37 0.3 143 (5) (36) 39.29 (0.2) (6.8) 40.90 0.7 3.4 0.5 9.5% 2.4% Education Services Consumer Services 3313004.38 0.7 20 (6) 44 67.08 (1.7) 22.7 55.00 (5.4) (1.3) 4.0 41.7% 37.5% Automobile Mfg Automobiles & Components 6514.02 0.3 117 (6) 2 46.67 (5.0) (3.3) 48.00 8.3 22.0 22.2 33.3% 16.7% Health Care Supplies Health Care Equip & Serv 348634.12 0.7 62 (6) 14 51.94 (2.8) 2.9 57.69 2.5 2.7 15.4 28.1% 12.5% Packaged Foods & Meats Food Beverage & Tobacco 82825.06 0.0 111 (8) (70) 48.82 (4.0) (10.9) 49.22 1.5 4.3 11.8 21.5% 12.3% Specialized Finance Diversified Financials 778.25 0.8 24 (9) (1) 59.60 (4.2) (0.8) 55.52 1.9 11.2 14.4 39.1% 30.4% Systems Software Technology: Software/Serv 41071.54 0.2 80 (9) (5) 53.85 0.0 5.6 48.38 (0.6) 3.2 3.3 25.6% 15.4% 2010 Phil Erlanger Research Co., Inc. Page 3 Type 1 %
PER PER Sector Delta Pct Avg INDUSTRY GROUP - Data Erlanger Date of Report: 03/11/2010 1wk Delta Pct Daily 1mos Avg Tech 1wk 1mos Avg Life Sciences Tools/Serv Pharmaceuticals 173315.63 0.3 73 (10) (30) 57.44 1.0 2.8 47.31 1.5 5.2 9.3 26.2% 16.7% Insurance Brokers Insurance 1980.52 (0.1) 39 (10) (22) 61.00 1.0 (4.0) 51.30 (1.6) 5.5 23.0 20.0% 20.0% Avg 1mos 3mos Squeeze Potential Gold Materials 48626.24 1.0 148 (11) (1) 35.00 (10.5) (3.0) 33.37 3.7 7.3 (2.2) 5.3% 5.3% General Merchandise Retailing 12593.15 (0.2) 14 (11) 0 70.00 (12.5) 6.3 48.63 3.1 2.4 13.1 12.5% 12.5% Multi-Utilities Utilities 819.86 0.4 125 (12) (33) 43.85 (5.8) (1.5) 44.54 1.4 0.9 0.8 15.4% 11.5% Forest Products Materials 381.83 1.4 15 (13) 64 60.00 (10.0) 22.5 67.25 (3.3) 3.3 16.3 25.0% 25.0% Oil & Gas Equip & Serv Energy 27599.23 (0.2) 51 (13) (2) 57.21 0.1 6.7 55.52 2.2 6.9 13.8 40.0% 23.3% Real Estate Mgt Real Estate 29106.51 (0.3) 110 (14) (9) 48.00 (2.0) 4.0 47.60 (1.2) (3.9) 8.2 20.0% 0.0% Coal & Consumable Fuels Energy 14041.68 (0.3) 42 (15) 17 71.43 3.8 15.4 42.37 3.9 6.5 (5.3) 26.3% 15.8% Health Care Facilities Health Care Equip & Serv 209837.99 0.5 48 (15) 2 54.67 1.2 8.0 60.63 0.8 2.8 15.5 30.0% 20.0% Communications Equipment Technology: Computers/Equip 1105427.19 0.1 35 (15) 1 61.57 (1.4) 7.7 52.16 (1.4) 4.8 8.1 24.0% 21.0% Electronic Mfg Services Technology: Computers/Equip 3542.73 (0.1) 75 (17) (59) 51.18 (2.4) (8.2) 59.03 1.9 7.0 10.0 39.4% 21.2% Reinsurance Insurance 534.01 0.0 140 (18) (62) 33.75 (10.0) (13.6) 52.94 2.6 8.3 15.7 18.8% 6.3% Health Care Distributors Health Care Equip & Serv 33951.39 0.2 121 (19) (86) 46.67 (4.7) (10.0) 50.57 2.1 6.7 3.7 7.1% 0.0% Office Serv & Supplies Commercial Services 41593.37 1.3 67 (19) 37 55.29 (1.8) 15.3 52.06 0.4 (0.8) 4.1 29.4% 17.6% Water Utilities Utilities 40326.21 0.5 107 (19) (5) 42.35 (2.9) 0.6 59.53 (2.0) 6.8 8.3 41.2% 17.6% Alternative Carriers Telecommunication Serv 6079.38 0.4 56 (21) (24) 56.00 (2.0) 6.0 52.70 (0.2) (4.5) 7.5 40.0% 20.0% Managed Health Care Health Care Equip & Serv 21117.44 1.3 57 (21) (29) 61.11 (2.2) 3.3 42.33 (0.1) (1.8) 2.4 16.7% 11.1% IT Consulting Technology: Software/Serv 270522.31 0.0 65 (23) (13) 56.53 1.3 6.3 55.02 (0.1) 8.7 12.0 25.0% 14.6% Semiconductors Technology: Semiconductors 197393.37 (0.3) 40 (23) (21) 60.71 (5.5) (0.7) 49.96 1.1 2.4 1.7 22.9% 17.7% Electronic Equipment Mfg Technology: Computers/Equip 330188.45 (0.4) 112 (23) (55) 50.59 (4.7) (5.7) 41.35 0.9 5.1 5.8 9.8% 7.8% Commercial Printing Commercial Services 75307.40 0.1 33 (23) 50 62.86 (8.6) 14.3 46.85 (2.4) (2.5) 9.3 30.8% 23.1% Environmental Services Commercial Services 178350.12 (0.5) 98 (25) (5) 47.50 (3.5) 4.6 59.03 (0.1) 6.6 17.3 27.6% 10.3% Diversified Chemicals Materials 4423.59 0.8 49 (26) (25) 62.86 (2.8) 0.7 49.46 (0.7) 9.7 16.7 15.4% 15.4% Property & Casualty Insurance Insurance 41712.26 (0.3) 64 (27) (25) 51.01 (3.8) 1.3 59.62 2.5 4.8 11.2 23.5% 16.2% Auto Parts & Equipment Automobiles & Components 40202.06 0.2 53 (27) 29 60.97 (2.5) 9.5 43.60 (1.6) (0.8) 9.7 26.7% 13.3% Specialty Chemicals Materials 30236.77 0.6 46 (28) 62 57.18 (4.9) 16.9 53.97 (0.7) 4.3 11.2 31.6% 21.1% Paper Packaging Materials 10420.73 (0.8) 74 (28) 53 60.00 (1.0) 17.0 38.60 (5.6) 7.1 12.1 10.0% 0.0% Real Estate Services Real Estate 1291.85 (0.7) 89 (28) (76) 62.22 2.2 (6.1) 32.11 (8.2) 0.3 2.3 11.1% 11.1% Distributors Retailing 357849.80 0.0 86 (31) 30 54.44 0.4 13.2 53.63 1.4 13.1 21.1 25.0% 25.0% Health Care Equipment Health Care Equip & Serv 139867.98 0.7 72 (31) (46) 54.00 (3.8) (4.7) 53.07 2.0 5.1 5.9 31.8% 19.6% Commodity Chemicals Materials 97794.06 (0.3) 83 (33) 38 52.35 (3.3) 11.8 50.38 (5.6) (2.3) 2.5 18.8% 6.3% Publishing Media 23068.95 0.1 93 (36) (49) 52.00 (6.0) (2.0) 46.80 0.8 4.1 4.4 24.0% 8.0% Food Distributors Food & Staples Retailing 3756.68 (0.4) 82 (38) (60) 46.25 (6.6) (12.3) 62.75 1.6 12.9 18.6 25.0% 0.0% Health Care Technology Health Care Equip & Serv 16726.81 (0.1) 119 (40) (42) 43.00 (6.5) (1.5) 53.95 0.8 2.1 18.2 35.0% 15.0% Fertilizers & Agri Chemicals Materials 3788.31 (0.8) 96 (42) (9) 46.67 (9.2) (6.5) 56.13 0.5 16.2 10.5 13.3% 0.0% 2010 Phil Erlanger Research Co., Inc. Page 4 Type 1 %