The Total Technical Ranking or “TER” is the sum (ranging from 0-1500) of all 30 US Index and Sector ETFS individual objective Technical Rankings that range from 0-50 that we track each week in the ETF Study The “TER” acts as a confirmation / non-confirmation and breadth indicator. The “TER” has not confirmed last week’s record weekly closing high, again. An explanation of the ETF Studies and my technical ranking system can be found in an interview in Technical Analysis of Stocks and Commodities Magazine May Issue at