Dollar Cost Averaging (DCA)
DCA does not assure a profit and does not protect against loss in declining markets. Such a plan involves continuous investment in securities regardless of fluctuating price levels and an investor should consider their financial ability to continue their purchases through periods of low price levels.

Dow Jones Industrial Average (DJIA)
Covers 30 major NYSE industrial companies. The Dow represents about 25% of the NYSE market capitalization and less than 2% of NYSE issues.

Institute for Supply Management (ISM)
The Institute for Supply Management is a not-for-profit association for the benefit of the purchasing and supply management profession, particularly in the areas of education and research. It was established in 1915 as the National Association of Purchasing Management. In May 2001 the membership of NAPM voted to change the association's name to the Institute for Supply Management.

NASDAQ Composite
NASDAQ stands for the National Association of Security Dealers Automatic Quotation system, a quotation system for over-the-counter securities. It covers over 4,500 stocks traded over-the-counter and represents many small company stocks, but is heavily influenced by about 100 of the largest NASDAQ stocks.

Put/Call Ratio
The ratio of trading volume in put options to the trading volume in call options. The ratio provides a quantitative measure of the bullishness or bearishness of investors.

Russell 3000 Index
Composed of 3000 large US securities, as determined by total market capitalization. This index represents approximately 98% of the investable U.S. equity market.

S&P 500
The Standard and Poor's 500 is an unmanaged index comprised of 500 common stocks representing major U.S. industry sectors. Capitalization weighted benchmark that tracks broad-based changes in the U.S. stock market. The index is comprised of 400 industrial, 20 transportation, 40 utility, and 40 financial companies. The index is calculated on a total return basis with dividends reinvested.

VIX
An index designed to track market volatility as an independent entity. The Market Volatility Index is calculated based on option activity and is used as an indicator of investor sentiment, with high values implying pessimism and low values implying optimism.