This switch wasn't just in the U.S., but around the world. The question everybody's asking is, "Is there some kind of conspiracy going on here, or is the market just reacting to a slowing economy?"

I'm going to tell Bear-oriented traders that they have to grin and bear it, hanging in with equities, including commodity-producers, until the broad market decides it's time to swoon.

"Swoon" time, though, is getting closer " perhaps the week of October 16 when there are heavy duty reports out on the 17th and 18th that will focus traders on Stagflation " at a time the 3Q06 Earnings Season is in full bloom. Calendar for Oct. 17-18

Despite fair to good earnings reports that are expected, any prevalence of guidance warnings " from home-builders, building supply companies, automakers and other durable goods makers and semi-conductor makers " and the broad indexes will likely turn downward.

The recent market action by the higher-beta, smaller cap stocks shows me that traders have a hair trigger. Check out how the Nasdaq and Russell 2000 started to drift down on Monday Oct. 2, before the large caps (an increasingly fewer number of them anyway) goosed the Bulls into action on Tuesday morning.

By Wednesday afternoon this week, there were some chart break-outs, as I pointed out at the top, but I still feel that traders are undecided as to whether this sudden Bull move (two 2-day surges in the past 11 trading sessions) is just a Bull trap.

For a Bull trap to be completed, technical analyst Colin Twiggs opines that the Dow (now at 11,850) would have to fall below 11,650. I concur, but also believe that a 200-point move could be swift.

As I begin today's research on the past week's trading markets, I'm anticipating writing a conclusion that the majority of you are not yet convinced of the Forbes headline article: "5 Peter Lynch Picks for the New Bull Market".

Actually I josh: that's just a marketing puff piece written by John P. Reese of Validea, for Forbes.

BTW, one of those 5 Peter Lynch "Picks" is Home Depot, about which Reese says: "This home-improvement retailing giant is a favorite of the Lynch strategy. Home Depot's P/E/G is a solid 0.60, its P/E is a low 12.16, and its EPS growth rate is a robust 20.2%. Plus, its equity is better than four times its debt, indicating that the company is financially strong."

Ah the power of marketing. (lol) I see it's not a "Peter Lynch" pick, but "the Lynch strategy" " based I suppose on Reese's interpretations of something Lynch wrote 20 years ago.

Then maybe Reese has all the answers; he says, and I quote: "In the three years I have been following the Lynch strategy, its portfolio has gained 123.7%, versus 27.8% for the S&P 500. Like all of the guru model portfolios I run, I do not deviate from the strategy, and I allow the particular methodology to always select the top-rated stocks. The Lynch model has been impressive, and I think the performance speaks for itself."

Well isn't that quite the understatement? Tell me; why didn't Amaranth hire this guy instead of paying Brian Hunter well in excess of $100 million a year to lose $6 billion for them? I mean this guy Reese sounds to me like he could be the next "real deal". (cough cough)

Value Line, which actually does some quality work, published a report on Friday (by Christopher Robertson) on Home Depot. He says: "The weakening housing market and high energy prices bode ill for Home Depot," and reduced some revenue and earnings estimates, and dropped Timeliness to a "2" " still not bad considering.

---

Home Depot [GICS 25, Dow 30]
(HD: Yahoo Finance file)
(HD: StockChart chart)
(HD: Investertech chart)
(HD: ADVFN Financial Data) (HD: ADVFN Financial Data)
(HD: Value Line Report Oct. 6: next one is due Jan. 5)

---

Let's see what happened this week to the housing market, energy prices and some other prices.

Global Market Summary

International Equities: International markets were not particularly strong this week. On Friday they were all down as money was moved into the U.S. to help protect against a week-ending stock and bond sell-off. But, man, that $USD sure did skyrocket on Friday. The Templeton Russia Fund was down -2.74 pct on the week.

U.S. Equities : Two weeks ago I said: "There is fight in the old Bull yet," and a week ago, I said: "This week the Bull roared. Well, Monday and Tuesday anyway." This week the Old Bull (capitalized Old) roared on Tues. and Wed, then faded.

Dow 30 : There were 22 Dow stocks up and 8 down, whereas a week earlier there were 27 up to 3 down. Four of the top five were Industrials (BA, HON, CAT and HON) and DuPont (DD), a near-industrial some might say, but clearly a Basic Materials producer, was the other.

U.S. Sector ETFs: There were 7 ETF's up and 3 down. A week earlier it was 8 up and 2 down. The big loser two weeks ago, SMH (Chip & Dip), rallied to #3 winner a week ago, but dipped again to #9 this week. With Semi-conductors crashing -1.0 pct on the week, Forbes was promoting "the new Bull market". Funny, but when Chips are #9 and Oil is #10 (-1.42 pct W/W) I figure Forbes must be wearing glasses with rose-colored lenses. He wouldn't happen to be a Republican would he?

First segment: most influenced by global commodities, forex and capex spending
10: Energy (XLE): #10 (-1.4 pct); Energy prices were down -5.0 pct W/W
15: Basic Materials (XLB): #4 (+1.1 pct); Chemicals going strong
20: Industrials (XLI): #1 (+2.7 pct); The gangs all here! BA, HON, CAT, UTX, GE
Second segment: most influenced by U.S. consumer spending and economic growth
25: Cons. Discretionary (XLY): #2 (+2.6 pct); Pigs don't fly; oh yes they do
30: Cons. Staples (XLP): #8 (-0.5 pct); Wal-Mart -2.0 pct; Walgreen -3.9 pct
35: Healthcare (IYH): #6 (+0.4 pct); bio pharma was very strong
Third segment: most influenced by U.S. interest rates and general economic health
40: Financial (XLF): #3 (+1.7 pct); Big banks ok, but time to watch the little ones
45: Tech (SMH chips): #9 (-0.9 pct); Sandisk and Cisco saved the week. Tick tock
50: Telecom Services (IYZ): #7 (+0.4 pct); AT&T -2.4 pct, Verizon -0.9 pct
55: Utilities (XLU): #5 (+0.7 pct); Friday was a big loser again.

Bonds: I told you a week ago that Bonds were over-bought. The yield on the 30-year U.S. Treasury jumped from 4.76 pct to 4.83 pct this week.

Commodities: After a respite a week ago, this week the oils and metals got creamed. Not knowing how many hedge funds are jammed, it's a tough call on whether or not the wave of selling is over.

Oil & Gas: $WTIC futures collapsed -5.0 pct W/W to 59.76. For some reason, OPEC is letting traders kick sand in their face. Maybe the real line in the sand is at 55?

Gold: $GOLD and $SILVER followed $WTIC into the bowels of the market from where the pols are saying the glitter will never return. The charts are weak, but hang in. The PM market will soon return to normal, and the $USD will resume its distribution.

Goldminers: The miners "sure did weaken quickly from mid-day Friday" was what I wrote a week ago. This week, the miners were down -3.3 pct, -3.6 pct or -5.2 pct " pick your index. The charts look weak; this is your lucky day, shoppers " the store is coming to you.

Forex: A week ago, the $USD gained +0.94 pct. This week, the gain was +0.66 pct " but did you see that it took all of Friday (+0.73 pct on the day) to make that happen. This will likely happen every Friday through the upcoming federal election.

---

Sector ETF:

This market is on fire, and traders have to respect that. Raise your stops. You'll need them.

As you know, I study the U.S. equity market from a top-down perspective, by sector. Seven of the ten sector ETF's I monitor were up this week, which was a tad softer than a week ago, when eight were up. It happens to be a strong performance, and has been from mid-July.

Although I'm generally Bearish, I did admit eight weeks ago that I saw this coming, particularly in the Tech sector. That rally, I feel, has pretty much run its course.

I the past three months, the U.S. equity market leaders have been (in order of performance): Telco, Healthcare, Financials, Consumer Cyclicals, Utilities and Tech. The only real loser has been Energy, while Basic Materials has been flat.

In the past four weeks, in addition to Energy, the Consumer Staples and Utilities have been losers, while the big winners have been Consumer Cyclicals and Industrials.

Isn't it interesting how Consumer Cyclicals have been bad-mouthed in the media, and by me, and yet have produced a monthly gain of +7.75 pct and a quarterly gain of +8.24 pct?

Obviously, as the cost to fuel up one's auto has dropped in North America, say by one-third, and bond yields dropped, making it easier to refinance mortgages, there has been broad-based improvement to personal spending and credit.That was sufficient reason for stocks of companies in the four recently out-performing sectors to rally.

Today, the important question, as always, is: "Where does the market go from here?"

I'm still Bearish because I believe that Crude Oil has fallen from 77 to 59 with just a small bit further (to 55) to go before turning around and returning to 60 or above, and that bond yields are likely to start moving higher (if only a tad). What I am saying is that the drivers of the latest rally in equity prices are running out of steam. Pretty soon, the focus will be on the slowing global economic growth and likely contraction in the U.S. economy in 2007.

Here is the weekly performance of my favorite ten Sector Index Funds (ETF's). The following table is sorted by price performance Week over Week (W/W), i.e. 1W%N.

Table 1: Cara ETF List

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
XLI	34.25	-0.07	-0.20%	2.73%	5.78%	6.40%	8.28%	1.42%	0.38%	15.94%
XLY	35.87	-0.07	-0.19%	2.63%	4.33%	7.75%	8.70%	8.24%	5.44%	13.26%
XLF	35.20	-0.08	-0.23%	1.68%	2.86%	5.20%	9.32%	8.27%	7.02%	21.21%
XLB	31.98	0.15	0.47%	1.07%	2.90%	0.72%	3.43%	-0.25%	-4.02%	21.46%
XLU	34.22	-0.19	-0.55%	0.68%	2.00%	-0.41%	6.94%	6.08%	10.00%	6.97%
IYH	65.79	-0.24	-0.36%	0.41%	1.17%	1.87%	3.39%	8.42%	4.51%	8.07%
IYZ	27.78	-0.03	-0.11%	0.36%	-0.11%	3.54%	20.94%	8.77%	6.93%	20.84%
XLP	25.26	-0.15	-0.59%	-0.47%	-0.79%	-1.10%	7.76%	3.57%	6.94%	10.50%
SMH	33.97	-0.22	-0.64%	-0.93%	1.86%	1.98%	-10.42%	5.11%	-9.89%	-3.71%
XLE	52.69	0.05	0.09%	-1.42%	2.65%	-2.34%	-0.02%	-8.32%	-6.66%	8.77%

You can do this table yourself by entering the following string into the Summary window at Investertech.com and then clicking on the link for Performance. XLE XLB XLI XLY XLP IYH XLF SMH IYZ XLU . You can also add more ETF's " up to 30 in total.

For a list of components to any ETF, simply go to the AMEX.com web site, and click on ETF's. I do that frequently.

Also, Yahoo Finance has an ETF info service in beta testing right now that looks interesting. At Yahoo Finance, key in the ETF ticker symbol of your choice and explore on the left nav bar all the stuff that's available today or coming, including the top ten holdings.

10 (energy: XLE)

15 (basic materials: XLB)

20 (industrial: XLI)

25 (consumer discretionary: XLY)

30 (consumer staples: XLP)

35 (healthcare: IYH)

40 (financial: XLF)

45 (technology, semiconductor: SMH)

50 (telecom: IYZ)

55 (utilities: XLU)

---

Sector 10 (energy: XLE, IYE, VDE, OIH, PBW and IXC)

This week, XLE dropped from top spot in my ETF's to last.

XLE was down -1.42 pct. The price of $WTIC (West Texas Intermediate Crude) closed Friday at 59.76 (down -5.01 pct W/W). I'd like to say there is a strong correction here, but this is Funny Season " I mean election campaign time " and Exxon Mobil (XOM) was up +0.63 pct this week.

Here's the XLE Monthly, Weekly, Daily and Hourly data charts:

XLE Monthly data:

XLE Weekly data:

XLE Daily data:

XLE Hourly data:

Table 2: Senior oil & gas equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
XOM	67.52	0.20	0.30%	0.63%	4.02%	1.06%	15.48%	6.38%	8.75%	15.28%
TOT	65.00	-0.10	-0.15%	-1.43%	1.48%	1.28%	-50.03%	-0.72%	-51.50%	-48.96%
CVX	63.66	-0.22	-0.34%	-1.85%	2.78%	-0.87%	7.75%	-0.50%	7.15%	6.10%
ECA	45.59	-0.37	-0.81%	-2.36%	1.76%	-7.95%	-2.38%	-12.58%	-5.06%	-7.81%
CEO	81.12	-0.16	-0.20%	-2.61%	-1.02%	-1.86%	17.24%	-1.07%	4.00%	23.77%
PBR	81.49	0.24	0.30%	-2.79%	6.29%	-2.70%	9.06%	-7.94%	-10.66%	32.81%
IMO	32.16	-0.56	-1.71%	-4.14%	-1.71%	-6.13%	-69.08%	-11.43%	-70.99%	-67.15%
STO	22.76	-0.32	-1.39%	-4.45%	-3.44%	-9.86%	-5.68%	-21.22%	-22.85%	0.00%
SU	68.18	-0.14	-0.20%	-5.37%	1.28%	-4.56%	4.04%	-17.97%	-16.76%	36.66%

A week ago I wrote: "Big Oil (Exxon Mobil and Chevron Texaco) were up +3.4 and +4.7 pct respectively, which is a good campaign fundraiser kick-off. And as long as fuel pump prices stay down this week, the voters will be happy campers too."

CVX actually lost -1.85 pct this week, while XOM fought through the negatives to gain +0.63 pct. I gather you can tell which company is in Texas.

Integrated Oil & Gas - Canada

Oil & Gas Exploration & Production -Canada

The high-cost Canadian oils are highly leveraged, and oil prices in the 50's are unkind to the Suncor's and Imperial Oil's. If, as and when Crude Oil hits 55, these stocks will be even better Buys.

---

Sector 15 (basic materials: IYM, XLB, IGE and VAW)

The Basic Materials ETF (XLB) gained +1.07 pct W/W to close at 31.98. Half the gain was Friday when XLE was flat and the other 8 were getting smashed. Silver and (especially) copper were strong on Friday, but I think the chemicals were this week's strong group in the Basic Materials sector.

Here's the XLB Monthly, Weekly, Daily and Hourly data charts:

XLB Monthly data:

XLB Weekly data:

XLB Daily data:

XLB Hourly data:

Table 3: Senior metals and steel equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
NUE	51.12	-0.86	-1.65%	3.29%	8.84%	2.92%	47.40%	-4.31%	-7.78%	85.55%
RIO	22.21	-0.04	-0.18%	3.01%	10.83%	2.49%	3.30%	-6.29%	-10.80%	16.83%
GGB	13.84	-0.03	-0.22%	2.14%	6.87%	-4.49%	-20.51%	-7.61%	-43.56%	4.77%
ACH	64.68	0.28	0.43%	1.51%	-0.40%	-5.30%	-18.54%	-14.31%	-40.99%	12.74%
PD	84.56	1.80	2.17%	-0.17%	2.25%	-7.17%	13.24%	3.51%	-2.47%	35.36%
PKX	64.79	-0.91	-1.39%	-0.22%	2.66%	4.77%	28.94%	-0.51%	1.39%	25.20%
N	76.00	0.01	0.01%	-0.35%	-0.22%	-0.84%	75.64%	12.71%	42.96%	75.97%
BHP	37.51	-0.21	-0.56%	-0.98%	2.15%	-6.85%	7.17%	-12.30%	-13.77%	20.30%
AA	27.74	0.17	0.62%	-1.07%	0.91%	-3.28%	-7.22%	-17.00%	-13.74%	21.08%
RTP	185.58	-1.64	-0.88%	-2.14%	2.01%	-5.91%	-1.71%	-10.81%	-16.02%	17.05%

Are traders still playing their "soft" landing card? I guess $59 oil helps.

Some of the steels did rather well. As I say, let's keep our eye on the global steel market. I see that Russia's Severstal, with hopes of being global #2 steelmaker, is planning a London-based IPO.

You don't think they fear George do you? I mean they are not into on-line gaming.

---

Sector 20 (industrial: IYJ, XLI, VIS, and IYT)

The Industrials and Transport sector ETF (XLI), aka capital goods producers, was up +2.73 pct W/W to 34.25, which puts XLI into the #1 slot of my ETF's.

But, the Dow Transport Index still isn't on fire, so I don't know what's going on here.

Can the 4550 index level hold and see this index test the May 10 cycle high (now technical resistance) of 5000?

---

I think we have to watch the Dow Transports picture, especially if Crude Oil gets back above 60.

The Dow Transports Average ETF is IYT. At the Amex.com website, you can see the list of holdings, as follows, which I recommend you pay closer attention to here. I expect that as the economy weakens further, the recent rally in these stocks is likely to falter.

---

---

Here's the XLI Monthly, Weekly, Daily and Hourly data charts:

XLI Monthly data:

XLI Weekly data:

XLI Daily data:

XLI Hourly data:

Table 4: Senior capital goods makers and transportation

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
BA	83.68	0.06	0.07%	6.13%	8.32%	14.95%	18.97%	3.55%	4.84%	23.19%
ERJ	41.35	0.32	0.78%	5.30%	4.23%	-1.03%	5.32%	13.82%	10.86%	12.39%
HON	42.31	-0.46	-1.08%	3.45%	5.14%	10.53%	12.95%	6.25%	-1.26%	16.27%
CAT	68.05	-0.19	-0.28%	3.42%	8.41%	1.08%	17.73%	-7.60%	-10.05%	23.30%
UTX	65.41	-0.43	-0.65%	3.25%	4.99%	3.27%	15.71%	2.44%	12.33%	31.37%
CBE	87.60	-0.24	-0.27%	2.79%	6.12%	7.95%	18.57%	-6.61%	1.90%	31.37%
GE	36.14	-0.15	-0.41%	2.38%	5.06%	6.26%	2.18%	7.88%	4.84%	7.59%
MMM	75.95	0.03	0.04%	2.06%	3.94%	6.21%	-3.99%	-6.68%	-6.67%	6.81%
TYC	27.93	-0.22	-0.78%	-0.21%	3.22%	6.56%	-5.77%	0.98%	5.32%	1.67%

The group was a clear winner across the board, and appears to be carrying the Dow on its back. I have to think that these are the stocks that will be the last ones to roll over.

---

Sector 25 (consumer discretionary: XLY, IYC and VCR)

The Consumer Discretionary sector ETF (XLY) was up +2.63 pct W/W to close at 35.87.

After losing ground to 34.38 two week's ago, I wrote the loss was "merely a rest stop on a long campaign trail." Last week, XLY was up +1.7 pct and this one a further +2.6 pct.

But my scepticism is showing.

A week ago I wrote: "I can't get too enthused about this sector until I see the Earnings/Guidance this month, as well as the econ data. I'm not anticipating improvements, but then again I'm not calculating and reporting the data."

It's the guidance from management we care about, although it's hardly likely that a major retailer CEO is likely to say something like: "I fear the Thanksgiving-Christmas shopping season is going to be a disaster this year."

Here's the XLY Monthly, Weekly, Daily and Hourly data charts:

XLY Monthly data:

XLY Weekly data:

XLY Daily data:

XLY Hourly data:

Table 5: Senior consumer discretionary equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
SBUX	38.37	-0.32	-0.83%	12.82%	12.82%	23.02%	24.30%	1.29%	2.46%	48.55%
TM	114.21	-1.16	-1.01%	4.88%	6.73%	7.38%	6.89%	10.59%	-0.64%	28.22%
JCP	71.08	0.66	0.94%	3.93%	6.74%	10.77%	25.92%	5.07%	17.49%	59.41%
EBAY	29.44	-1.02	-3.35%	3.81%	12.75%	3.26%	-33.78%	9.65%	-24.12%	-25.35%
CCL	48.37	0.10	0.21%	2.85%	8.21%	13.31%	-11.36%	15.36%	1.02%	0.19%
WHR	86.12	-0.20	-0.23%	2.39%	-1.86%	4.64%	4.17%	4.20%	-5.28%	17.51%
BC	31.90	0.05	0.16%	2.28%	3.87%	8.58%	-21.85%	-0.87%	-18.23%	-13.22%
DIS	31.34	0.27	0.87%	1.39%	4.19%	5.95%	28.44%	4.33%	13.22%	30.10%
NKE	88.15	-0.86	-0.97%	0.60%	2.07%	7.43%	2.56%	10.48%	3.88%	7.37%

JC Penny, Starbucks, Ebay and Carnival Cruise all had good weeks in the market. With a reported +4.0 pct growth in hourly wages this past year, I guess the voters, er the consumers have got tickee. Falling fuel pump prices really help the Big Spenders too.

I mean it's possible that the faltering housing market is not working itself through the economy, right?

---

Sector 30 (consumer staples: XLP, VDC, RTH and IYK)

This week the Consumer Staples sector ETF (XLP) lost -0.47 pct to close at 25.26. Once again, XLP was gaining on the week until Friday, then wham.

Does somebody have something against the Staples?

Here's the XLP Monthly, Weekly, Daily and Hourly data charts:

XLP Monthly data:

XLP Weekly data:

XLP Daily data:

XLP Hourly data:

Table 6: Senior consumer staples equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
WFMI	61.44	-0.51	-0.82%	3.38%	3.63%	15.58%	-20.31%	-3.94%	-7.26%	-4.57%
MO	78.62	0.22	0.28%	2.70%	-4.49%	-5.24%	4.85%	1.11%	11.58%	8.07%
PG	63.09	-0.43	-0.68%	1.79%	2.07%	3.19%	7.33%	11.76%	9.72%	12.22%
ABV	46.00	-0.34	-0.73%	1.37%	5.26%	3.37%	19.36%	10.29%	-0.35%	30.13%
DEO	71.96	-0.13	-0.18%	1.30%	0.47%	2.27%	20.82%	6.54%	13.47%	21.74%
KO	44.76	-0.07	-0.16%	0.18%	1.75%	0.36%	9.44%	3.30%	7.36%	4.80%
BUD	47.08	-0.15	-0.32%	-0.91%	-0.15%	-0.72%	7.81%	3.25%	9.67%	10.96%
PEP	64.42	-0.36	-0.56%	-1.29%	0.22%	-0.48%	7.80%	6.73%	11.03%	11.15%
WMT	48.32	-0.09	-0.19%	-2.03%	0.06%	3.42%	4.52%	3.42%	3.78%	9.99%
WAG	42.66	-0.73	-1.68%	-3.90%	-9.04%	-16.21%	-6.01%	-6.34%	-2.80%	-3.00%

"Many of this group had a tough day on Friday, especially the Wallies " WMT and WAG."

Regular readers know I wrote that a week ago, and sure thing, it happened again. Is somebody trying to tell us that there ain't no Bear in sight?

"Do you think maybe if the Wallies are going to outperform in a Bear market, you might want to sell the stocks and (at the lower prices) load up on long-dated call options? Do you think?"

---

Sector 35 (healthcare: IYH, XLV, VHT, IXJ, and IBB)

The healthcare ETF (IYH) was up +0.41 pct W/W to close at 65.79, which means this past month has been just about money sloshing around.

Wasn't that Cramer pushing the biopharm group again? Maybe I'll have to look harder at these stocks again because somebody told me we're all getting older, which is something I don't care to think about. All those Baby Boomers I gather are on the down slope hoping for drug discoveries. Ouch.

Here's the IYH Monthly, Weekly, Daily and Hourly data charts:

IYH Monthly data:

IYH Weekly data:

IYH Daily data:

IYH Hourly data:

Table 7: Senior healthcare equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
UNH	51.50	0.83	1.64%	4.67%	5.17%	1.18%	-16.57%	14.88%	-5.52%	-8.70%
BMET	33.40	-0.45	-1.33%	3.76%	3.66%	2.23%	-9.44%	5.23%	-13.38%	-1.82%
AMGN	74.09	-0.64	-0.86%	3.58%	4.51%	9.07%	-7.80%	12.38%	3.12%	-2.46%
GSK	54.31	0.36	0.67%	2.03%	0.59%	-1.40%	6.57%	-3.69%	4.70%	5.66%
AET	40.32	-0.84	-2.04%	1.95%	5.22%	10.47%	-14.27%	4.19%	-15.79%	-2.75%
DNA	83.20	-0.50	-0.60%	0.60%	6.03%	1.38%	-11.49%	-2.50%	4.93%	2.39%
JNJ	65.06	-0.05	-0.08%	0.18%	1.72%	2.31%	5.57%	7.50%	11.21%	5.67%
NVS	57.89	-0.41	-0.70%	-0.94%	-0.86%	3.08%	8.27%	6.06%	0.87%	12.58%
PFE	27.90	-0.09	-0.32%	-1.62%	-0.92%	1.12%	17.33%	17.82%	11.20%	13.18%
BMY	24.42	-0.10	-0.41%	-2.01%	-2.55%	5.35%	5.08%	-3.82%	-1.57%	5.35%

United Health (+4.7 pct) and Biomet (+3.8 pct), which are Cara 100 companies, had very good weeks in the market.

---

Sector 40 (financial: IYG, IYF, XLF, VFH, IXG, VNQ, RWR, IYR, and ICF)

The Financials ETF (XLF) gained +1.68 pct W/W to close at 35.20. Very impressive.

---

Here's the XLF Monthly, Weekly, Daily and Hourly data charts:

XLF Monthly data:

XLF Weekly data:

XLF Daily data:

XLF Hourly data:

Table 8: Senior financial company equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
MER	81.46	-0.32	-0.39%	4.14%	4.28%	12.03%	18.99%	14.04%	1.94%	32.87%
GS	175.65	0.15	0.09%	3.83%	4.85%	17.26%	36.30%	16.65%	8.40%	50.22%
C	51.05	0.06	0.12%	2.78%	3.13%	4.78%	3.57%	3.61%	6.69%	12.37%
CSR	59.15	-0.11	-0.19%	2.76%	6.25%	7.66%	10.87%	6.25%	1.01%	32.59%
UBS	60.72	-0.25	-0.41%	2.38%	3.00%	7.60%	23.04%	10.46%	6.94%	40.43%
HBC	93.68	-0.50	-0.53%	2.35%	3.14%	4.82%	14.69%	5.75%	9.82%	17.44%
DB	123.50	-0.48	-0.39%	2.32%	4.50%	9.66%	24.17%	9.37%	2.73%	32.52%
MS	74.41	-0.15	-0.20%	2.06%	3.66%	11.58%	27.31%	16.50%	15.36%	0.00%
LEH	74.66	-1.13	-1.49%	1.08%	5.35%	12.90%	14.97%	13.52%	-1.11%	31.91%
JPM	46.86	-0.55	-1.16%	-0.21%	0.09%	3.54%	16.60%	10.39%	10.81%	39.22%

Many of the Cara 100 financial services company stocks have been on a wild ride lately. This week, Goldman Sachs (+3.8 pct), Citigroup (+2.8 pct), UBS (+2.5 pct), HSBC (+2.4 pct) and Deutsche Bank (+2.3 pct) all had good weeks in the market. Non-Cara 100 Merrill Lynch (+4.1 pct) topped this list.

As you know, I have many banks in the Cara 100. I'm looking to add another one, maybe two, and I'm open for suggestions. They can be HB&B-types (ie, gargantuan) or specialty banks, U.S. or foreign headquartered. Stock price means nothing to me for this list: I am seeking peer leading financial strength and operating performance.

Please send in your notes. I am keen on banks that are strong in investment banking in the emerging markets.

Here are Cara 100 banks and financial services companies:

---

Banco Bradesco S.A. (ADR) [GICS 40, Cara 100]
(BBD: Yahoo Finance file)
(BBD: StockChart chart)
(BBD: Investertech chart)
(BBD: ADVFN Financial Data)
(BBD: ADVFN Financial Data)

---

Citigroup Inc [GICS 40, Cara 100]
(C: Yahoo Finance file)
(C: StockChart chart)
(C: Investertech chart)
(C: ADVFN Financial Data)
(C: ADVFN Financial Data)
(C: Value Line Report Aug. 25: next one is due Nov. 25)

---

Deutsche Bank AG (USA) [GICS 40, Cara 100]
(DB: Yahoo Finance file)
(DB: StockChart chart)
(DB: Investertech chart)
(DB: ADVFN Financial Data)
(DB: ADVFN Financial Data)

---

E*Trade Financial Corp [GICS 40, Cara 100]
(ET: Yahoo Finance file)
(ET: StockChart chart)
(ET: Investertech chart)
(ET: ADVFN Financial Data)
(ET: ADVFN Financial Data)

---

Fifth Third Bancorp [GICS 40, Cara 100]
(FITB: Yahoo Finance file)
(FITB: StockChart chart)
(FITB: Investertech chart)
(FITB: ADVFN Financial Data)
(FITB: ADVFN Financial Data)

---

Goldman Sachs Group Inc [GICS 40, Cara 100]
(GS: Yahoo Finance file)
(GS: StockChart chart)
(GS: Investertech chart)
(GS: ADVFN Financial Data)
(GS: ADVFN Financial Data)

---

HSBC Holdings plc (ADR) [GICS 40, Cara 100]
(HBC: Yahoo Finance file)
(HBC: StockChart chart)
(HBC: Investertech chart)
(HBC: ADVFN Financial Data)
(HBC: ADVFN Financial Data)

---

Kookmin Bank (ADR) [GICS 40, Cara 100]
(KB: Yahoo Finance file)
(KB: StockChart chart)
(KB: Investertech chart)
(KB: ADVFN Financial Data)
(KB: ADVFN Financial Data)

---

Lehman Brothers Holdings [GICS 40, Cara 100]
(LEH: Yahoo Finance file)
(LEH: StockChart chart)
(LEH: Investertech chart)
(LEH: ADVFN Financial Data)
(LEH: ADVFN Financial Data)

---

Manulife Financial Corp [GICS 40, Cara 100]
(MFC: Yahoo Finance file)
(MFC: StockChart chart)
(MFC: Investertech chart)
(MFC: ADVFN Financial Data)
(MFC: ADVFN Financial Data)

---

Royal Bank of Canada (USA) [GICS 40, Cara 100]
(RY: Yahoo Finance file)
(RY: StockChart chart)
(RY: Investertech chart)
(RY: ADVFN Financial Data)
(RY: ADVFN Financial Data)

---

UBS [GICS 40, Cara 100]
(UBS: Yahoo Finance file)
(UBS: StockChart chart)
(UBS: Investertech chart)
(UBS: ADVFN Financial Data)
(UBS: ADVFN Financial Data)

---

Westpac Banking Corp [GICS 40, Cara 100]
(WBK: Yahoo Finance file)
(WBK: StockChart chart)
(WBK: Investertech chart)
(WBK: ADVFN Financial Data)
(WBK: ADVFN Financial Data)

---

Sector 45 (technology: IGM, IGV, IGW, XLK, VGT, IYW, IGN, IXN, MTK and SMH)

The semi-conductor ETF (SMH) reverted to being a loser this week, going down -0.93 pct to $33.97.

A week ago, when chips were flying " to my disbelief -- I wrote, "I pay a lot of attention to the chip industry because I see it as a leading indicator of technology and in turn for the business cycle. When chips stop dipping, I take a serious view of the broad market Bull perspective."

I also uploaded a pdf research file from H&R Block Investment Management, which downgraded the chips, and opined "more dip to come". Actually, those are my words, but you get the point.

---

Here's the SMH Monthly, Weekly, Daily and Hourly data charts:

SMH Monthly data:

SMH Weekly data:

SMH Daily data:

SMH Hourly data:

Table 9: Senior technology equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
SNDK	57.50	1.92	3.45%	7.40%	3.83%	1.77%	-15.07%	17.90%	-9.19%	10.75%
CSCO	24.09	0.16	0.67%	4.74%	5.29%	10.76%	38.05%	22.72%	13.74%	35.87%
SAP	50.89	0.05	0.10%	2.81%	4.63%	9.96%	10.75%	-4.74%	-10.72%	19.80%
ORCL	18.18	-0.10	-0.55%	2.48%	3.65%	14.27%	44.29%	25.38%	31.74%	51.12%
ADBE	38.17	-0.01	-0.03%	1.92%	3.00%	19.99%	-0.91%	29.00%	5.73%	31.89%
ADSK	35.10	-0.06	-0.17%	0.92%	-2.74%	4.81%	-17.89%	5.03%	-15.03%	-19.37%
CTSH	74.71	-0.73	-0.97%	0.92%	2.85%	7.88%	47.39%	9.95%	27.17%	73.74%
INTC	20.65	-0.11	-0.53%	0.29%	8.29%	6.17%	-19.24%	9.55%	6.55%	-13.09%
QCOM	36.37	0.11	0.30%	0.06%	-3.94%	-0.47%	-17.34%	-5.46%	-29.73%	-17.62%
INFY	47.25	-0.78	-1.62%	-1.01%	2.52%	6.20%	-41.27%	-39.47%	-37.38%	-33.43%

While the chips were falling (lol), there were a few Cara 100 technology companies with happy faces in the market. SanDisk was up +7.4 pct, Cisco +4.7 pct, and SAP and Oracle up +2.8 pct and +2.5 pct respectively.

Still, the chips were dipping, and that's not likely in a "New Bull Market".

---

Sector 50 (telecom: IYZ, VOX and IXP)

The U.S. telco sector ETF (IYZ) eked out a small gain, going up +0.36 pct W/W to close at 27.78.

AT&T and Verizon were clear losers, especially AT&T (-2.40 pct) this week.

---

Here's the IYZ Monthly, Weekly, Daily and Hourly data charts:

IYZ Monthly data:

IYZ Weekly data:

IYZ Daily data:

IYZ Hourly data:

---

Sector 55 (utilities: IDU, XLU, and VPU)

The Utilities ETF (XLU) gained on the week +0.68 pct, but lost -0.55 pct on Friday, so the big gain earlier in the week was almost removed.

As I say, there are pro traders who think that as the U.S. GDP slows, so too will the price growth of XLU. In a recession, XLU is not a good place to be over-weighted.

I have been pointing readers to the new Yahoo Finance site for ETF's like XLU where you will discover lots of useful information.

Here's the XLU Monthly, Weekly, Daily and Hourly data charts:

XLU Monthly data:

XLU Weekly data:

XLU Daily data:

XLU Hourly data:

---

Bonds:

More money came off the table in all the Treasury's this week. Even the T-Bill's faded as yields moved up +5 basis points.

This week, the 30-year T-Bond yield lifted +7 basis points from 4.76 to 4.83 pct. The 10-year lifted the same from 4.62 to 4.69 pct. The 5-year lifted +4 bp from 4.59 to 4.63 pct. The yield on the 2-year was bumped +5 bp from 4.67 pct to 4.72 pct, and the 3-month T-Bill yield moved up +5 bp from 4.74 to 4.79 pct.

As I wrote last week: "With the Fed rate at 5.25 pct, there still is a problem for the tiny U.S. banks to make any serious money in their loan business. I have observed a huge number of local and regional U.S. banks be acquired in the past five years, and I think the process is going to start up again soon."

Two weeks ago, I started a review of the smaller bank stocks by region of the country. The results are inconclusive.

Interest rates and bond yields.

Weekly data charts:

Daily data charts:

Hourly data charts:

US Treasury Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
3 Month	4.79	4.78	4.74	4.81
6 Month	4.83	4.80	4.80	4.90
2 Year	4.72	4.64	4.67	4.81
3 Year	4.66	4.57	4.61	4.74
5 Year	4.63	4.54	4.59	4.74
10 Year	4.69	4.60	4.63	4.79
30 Year	4.83	4.75	4.76	4.94

Municipal Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	3.50	3.46	3.49	3.53
2yr AAA	3.48	3.47	3.48	3.53
2yr A	3.65	3.67	3.58	3.59
5yr AAA	3.53	3.50	3.53	3.60
5yr AA	3.55	3.51	3.55	3.61
5yr A	3.57	3.53	3.57	3.64
10yr AAA	3.67	3.65	3.66	3.76
10yr AA	3.67	3.63	3.64	3.74
10yr A	3.86	3.83	3.79	3.96
20yr AAA	4.07	4.05	4.06	4.14
20yr AA	4.06	4.05	4.05	4.14
20yr A	4.19	4.19	4.18	4.23

Corporate Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	5.14	5.06	5.09	5.23
2yr A	5.19	5.12	5.15	5.31
5yr AAA	5.23	5.02	5.20	5.30
5yr AA	5.22	5.13	5.18	5.34
5yr A	5.31	5.21	5.26	5.43
10yr AAA	5.62	5.36	5.44	5.71
10yr AA	5.48	5.39	5.43	5.58
10yr A	5.58	5.48	5.50	5.71
20yr AAA	5.91	5.73	5.81	5.96
20yr AA	6.05	6.00	6.01	6.10
20yr A	6.03	5.97	5.97	6.15

Interest rates and bond yields.

---

The Lehman TLT was off -1.25 pct to close Friday at 88.27. But Friday was a killer, dropping -1.04 pct on the day. Funny how the $USD was up so much on Friday, but the bonds got smashed.

The Fannie and Freddie stories continue to fly however.

Fannie Mae (FNM) and Freddie Mac (FRE) gained a further +3.1 pct and +1.5 pct W/W after gaining +4.5 pct and +3.4 pct the prior week. These two GSE's ought to be put entirely into the private sector, so that the govt Administration has no fingers pulling strings here too.

Countrywide Financial (CFC) was up +2.65 pct W/W.

At the Citigroup conference, it was stated that the housing mortgage business is holding up because of the appetite of foreign investors who still believe in America, despite the short-term worries in the housing market.

So, if foreigners are not going to be dissuaded from buying questionable mortgages because they can always seize properties and sell them a couple years later, maybe they'll show some concern over a falling $USD. At the end of the day, these investments might not work out for them. I guess time will tell.

---

US Bond Funds -- Monthly Data Charts

SHY Monthly data series chart:

IEF Monthly data series chart:

TLT Monthly data series chart:

AGG Monthly data series chart:

LQD Monthly data series chart:

TIP Monthly data series chart:

US Bond Funds -- Weekly Data Charts

SHY Weekly data series chart:

IEF Weekly data series chart:

TLT Weekly data series chart:

AGG Weekly data series chart:

LQD Weekly data series chart:

TIP Weekly data series chart:

US Bond Funds -- Daily Data Charts

SHY Daily data series chart:

IEF Daily data series chart:

TLT Daily data series chart:

AGG Daily data series chart:

LQD Daily data series chart:

TIP Daily data series chart:

US Bond Funds -- Hourly Data Charts

SHY Hourly data series chart:

IEF Hourly data series chart:

TLT Hourly data series chart:

AGG Hourly data series chart:

LQD Hourly data series chart:

TIP Hourly data series chart:

Table 11: Interest-sensitive securities

Sorted by 1-Week Price Performance.

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
FNM	57.63	0.21	0.37%	3.08%	7.70%	10.17%	18.24%	17.83%	7.16%	37.35%
CFC	35.97	-0.58	-1.59%	2.65%	2.62%	7.63%	2.89%	-5.96%	-3.93%	15.58%
FRE	67.30	0.31	0.46%	1.46%	4.88%	6.07%	3.06%	16.70%	11.24%	14.46%
SHY	80.08	-0.10	-0.12%	-0.32%	-0.27%	0.09%	-0.30%	0.87%	0.43%	-0.39%
IEF	82.60	-0.45	-0.54%	-0.58%	-0.79%	0.66%	-1.55%	3.34%	1.72%	-1.63%
AGG	99.53	-0.37	-0.37%	-0.63%	-0.53%	0.36%	-1.10%	2.61%	0.82%	-1.55%
TIP	100.39	-0.29	-0.29%	-0.75%	-0.62%	0.09%	-2.57%	1.64%	0.41%	-3.36%
TLT	88.27	-0.93	-1.04%	-1.25%	-1.50%	1.08%	-3.82%	5.40%	2.71%	-3.51%

As I say, Fannie and Freddie in the past 3 months are up +17.8 pct and +16.7 pct respectively. From that, you wouldn't know there was any problem in the U.S. housing market.

Consumer Finance -USA -- Weekly Data Charts

---

Consumer Finance -USA -- Daily Data Charts

Consumer Finance -USA -- Hourly Data Charts

---

Commodities:

The $CRB finally had one winning week after four consecutive losing ones, and then this week got smashed. The index was down -1.76 pct to close at 300.20. We are back to 2Q05 price levels although inflation has decidedly picked up since then.

The weakness this week was both oil and metals.

Weekly CRB Commodities Index:

Daily CRB Commodities Index:

This week, $WTIC (near oil futures) traded down as low as 57.75, closing at 59.76 on Friday, which was a loss of -5.01 pct W/W.

The previous week, OPEC reported a desire to lower production in order to maintain Crude Oil prices at about the $60 level. Perhaps nobody believes OPEC anymore?

I read comments here and elsewhere that U.S. energy inventories are at multi-year highs. As far as I am concerned, not one person who speaks to this issue knows what they are talking about. The Strategic Oil Reserve started to affect this market in the manner that politicos wanted when in April-May they cut off all purchases, sticking the oil companies with too much supply.

Is there not a supposedly free capital market these shameless people in government won't screw with? Energy, precious metals, bonds and rates, forex, mortgages; the list goes on folks. Yes, participation by government is clearly necessary, but I keep asking why we don't get audited reports filed with the SEC. Why are central bankers and government administrators any different than any other major player in the capital market.

And, why are people in politics constantly dicking us around in order to win their War On Re-election? I point out that both sides are guilty but this current bunch in Washington is the worst I have seen in 40 years.

What I find so amusing is that whenever "real" capitalists speak up, they are immediately slammed as "paranoid," the "grassy knoll group," "Michael Moore on steroids", etc. I say it's amusing because I'm sitting here on the north shore of Lake Ontario, and I don't even have a vote.

But, based on my reasons, I do have a concern. Despite elaborate risk management systems, increased sophistication, supposed hedging practices, an apparent structural decline in the VIX, there are moves in capital markets today that are breathtaking, and I think governments " active now in IPO's and mergers and acquisitions " are meaningful players.

Big Brother and 1986 all over again? Conspiracy theories I can't say because truly I don't know. But we all need to know what actions are being taken when they are taken so we can figure it out. My concern is about the lack of transparency.

In any event, in the Washington Post article this week "Conspiracy Theories Abound as Oil Prices Fluctuate" there are several such theories listed:

• A Favor To Bush?
• The Goldman Touch
• Tapping The Reserve
• The Big Oil Theory

I'm not going to comment further; the issue is too "political". (lol) But I did decide that following the U.S. elections in less than 4 weeks, I'll re-open the comments to every article.

Well, actually I cannot resist taking another shot.

$WTIC got smashed this week by -5.01 pct, but Exxon Mobil (XOM) jumped +0.63 pct, while Big Oil Brazil (PBR) got smashed -2.8 pct, Big Oil China (CEO) got smashed -2.6 pct, Big Oil Canada (SU and IMO) got smashed -5.4 pct and -4.1 pct, and Big Oil France (TOT) got smashed -4.5 pct.

I said it here a couple weeks ago; I guess there's nothing Texas oil people won't do for a fellow Texan in distress.

This isn't just an Energy thing. I have commented in the recent past where I see the same thing happening in the well-connected Industrial conglomerates, the HB&B's of Wall Street connected to the Fed, and even the Consumer Cyclicals.

You see, my paranoia is showing here (lol) in that I figure some pols need to show " right before an election -- that Americans have a lot of jobs, a healthy financial services system, and people with lots of coins in their jeans.

As it happens, this week " yes THIS WEEK " Boeing (BA) has flown +6.1 pct, Honeywell (HON) +3.5 pct, Caterpillar (CAT) +3.4 pct, United Technologies (UTX) +3.3 pct and General Electric (GE) +2.4 pct " all exporters who just love a very strong $USD (+0.73 pct on Friday alone). NOT. But how many voters do those Rangers cover; or voters does Starbux (SBUX) [+12.8 pct] serve.

Anyway, no letters please; I'm not a voter, and could care less. I'm just an independent observer who is trying to make clarity out of smoke and mirrors.

As for oil prices, I happen to be more a believer than not in the "Peak Oil" concept. But, I think there will be plenty of Crude Oil to fuel the global economy for many years to come -- the question is at what cost, and what are the alternatives?

I believe there is a new paradigm in the pricing of oil that will see an average of $55 Crude Oil. The cost to discover, produce, protect, transport, refine, market and deliver oil and oil-based products to consumers and clean up their effects on the environment is no longer anything near what it was in the past.

The issue is a supply issue and it is a cost inflation issue; but it is an issue we can no longer ignore. Moreover, I think Goldman Sachs in their forecasts of $75 oil and $100 oil are doing the world a great service because the message is that there is a problem here we need to deal with.

Weekly Crude Oil:

Daily Crude Oil:

---

Gold:

A week ago, I wrote:

"Today, the 200-day MA for $GOLD is 596.11, and the 50-day MA is at 616.64. So the current price ($598.93) is just slightly above the 200-day MA, but not clearly over the hump;

I continue to believe, however, that gold in the near-term will have one more test of the floor, which in my view is $540 (maybe $560), before moving into the mid-600's.

Personally, I don't see that as a problem (if it happens) because most of the top-quality gold miners can make good profits at that gold price.

But I also believe that the next Bull phase in the gold market will be on the back of a sliding $USD, and that $GOLD will move back over $700, and probably (as I see it) over $800. I also see that happening sooner than later " say within 12 months.

When I look into the future of these gold miners, I can see a lot of new but small mines coming on-stream, but the winding down of some major producers. The net effect will likely be a declining gold production over the next 5 to 8 years.

The U.S. reserves are still quite sufficient to sell off bullion to hold the price from escalating to the $2000, $4000 and $10000 price levels I have read that some people are forecasting, so I'm content to stick with the $800 range as a best guess on the peak level of the next spike.

Depending on how many years you'd care to plan, I see that gold will continue to do as well as or better than say land banking or average home values after netting out costs.

But the truth is I'm only interested in gold (and silver) right now (ie, at relatively modest CPI levels), as an alternative to a heavier weighting of cash " partly because I believe that the $USD will fall in value (and the Cdn $ not do that well either) and partly because I believe that following a Bear market in equities, there will be plenty of excellent places to put the bulk of that cash to work.

So the message I'm giving here is (i) I'm not a gold bug, (ii) I think gold prices will get a bit worse before taking off, and (iii) I hope the average person hangs in with their gold positions for the time being, and adds to them when $GOLD breaks out into the $615-625 range (which would be a momentum play), or breaks down into the $540 range (which would be a value play);

If $GOLD does pull back into the $540-560 range, I'd recommend listing to all or most of the webcasts from the Denver Gold Forum, which I organized for you here. There is a considerable difference in quality of these companies. The good ones will be thrown out by the fund managers along with the bad ones, and that will be the time to buy. Just be selective.

A week later, $GOLD is at $573.51 (-4.24 pct W/W), after hitting a low of $559.30. Did I call it or what?

I did the same at noon on Monday with $GOLD at $602, when asked by mining analysts and others who attended the Crystallex presentation at the AMEX and Toronto Stockbrokers Club.

On Tuesday and Wednesday, the precious metals took a swan dive " a swoon before the moon? I don't know about the moon, but $650 ... $700 ... $800 ... $950.. is in my crystal ball because the flip side is a soon-to-be-quite-ill $USD.

Ultimately, I do see Gold at about $950 or about 17.5 times the cost of a barrel of Crude Oil, which I believe is going to average about $55.

For the record, $GOLD hit a high of $607.30 just 7 trade days ago. The 50-Day Moving Average is 612.04 and the 200-Day MA is 597.99. All these numbers represent technical resistance on the way back up, given that there is a way back up.

I believe that central banks in Europe have sold many tons of gold -- in the spot and forward markets -- under an agreement with Washington. In fact a Barclay's trader has said as much.

To hear people talk, you'd think the $USD is a veritable powerhouse. I think I've heard that from Kudlow. (lol) I wonder what those people are going to say when they realize it's just paper and the world (excluding central bankers) would prefer to hold something a little harder and more precious.

Weekly Gold EOD Continuous Contract Index:

Daily Gold EOD Continuous Contract Index:

This interactive chart shows the recent trading for the Gold Bullion index.

---

$SILVER lost - 2.92 pct W/W this week " almost what it won a week earlier -- to close at 11.12. After hitting a low of 10.59, $SILVER moved up and even gained +0.15 pct on Friday.

The 200-day MA is 11.16 and the 50-day MA is 11.81. So the current price is now pretty much at the 200-day MA.

A week ago I wrote: "If the precious metals are going to break out to the upside, I'd expect to see $SILVER and $PALL lead the way. Unfortunately $PALL this Friday took a noser. So the blue sky might just turn red in the morning (to non-sailors, take warning)."

I hope you protected your silvery assets.

"MarkM" said it well in the comments section that I have seen many periods of extreme trading in precious metals markets in my career " but so have you. This year, in fact, the precious metals move from mid-May through mid-June was more severe than what we're going through right now.

Thinking about it now, do you think the President's message in April that the Strategic Energy Reserve would buy no more oil this year had an impact on energy and $USD markets in the Spring?

Weekly Silver EOD Continuous Contract Index:

Daily Silver EOD Continuous Contract Index:

This interactive chart shows the recent trading for the Silver Bullion index.

---

$PLAT dropped -5.82 pct W/W to 1080.30, which is "enough to talk about".

A week ago I wrote: "The price is sitting just above the 200-day MA, and below the 50-day MA, but not looking so hot to me." Kaboom.

From an early September high of 1288 to 1080 is a loss of over -16 pct. That's something to write home about if you were on the short side. Might even get you a job at Amaranth. Leveraged at 100 to 1, can you imagine the profits?

The 50-Day MA is now 1208.37 and the 200-Day MA is 1142.97.

Weekly Platinum EOD Continuous Contract Index:

Daily Platinum EOD Continuous Contract Index:

This interactive chart shows the recent trading for the Platinum metal index.

---

$PALL dropped -4.97 pct W/W to close at 300.71.

A week ago I wrote: "$PALL, as I said, had a weak week, actually a terrible Friday, losing -2.36 pct on Friday, to pull the week down -1.54 pct to close at $316.45. $PALL is now trading below both the 200-day and 50-day Moving Averages, which is not good if you are Bullish."

Sometimes I get it right.

The high for $PALL in early September was 360.83, and the price has fallen $60, which is -16.7 pct. Tough month. But do you know May-June was even worse, when $PALL crashed from 365.94 to 267.74, which was a -26.8 pct drop. Now that was quite a month!

Weekly Palladium EOD Continuous Contract Index:

Daily Palladium EOD Continuous Contract Index:

This interactive chart shows the recent trading for the Palladium metal index.

---

A week ago I wrote: "$COPPER has been all over the map as they say."

This week, $COPPER dropped -2.08 pct to close at 338.85, BUT on Friday $COPPER actually gained +2.68 pct.

The 50-day MA is 346.57, and the 200-Day MA is 297.41.

There are experts who are forecasting a -50 pct drop in $COPPER. The only "experts" I would listen to are the proprietary traders at the HB&B desks. They may be the only ones to really know.

---

Weekly Copper EOD Continuous Contract Index:

Daily Copper EOD Continuous Contract Index:

This interactive chart shows the recent trading for the Copper metal index.

---

Table 12: Senior gold equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
GFI	17.86	-0.19	-1.05%	0.11%	-0.06%	-8.88%	-7.32%	-24.42%	-23.97%	23.17%
LIHRY	40.75	0.34	0.84%	0.02%	-10.54%	-7.20%	17.50%	-8.22%	2.77%	58.07%
MDG	24.19	0.03	0.12%	-2.70%	-0.17%	-18.83%	0.96%	-23.52%	-21.64%	13.89%
NEM	41.53	-0.30	-0.72%	-2.85%	-5.14%	-13.82%	-27.32%	-24.60%	-23.16%	-11.47%
AEM	29.80	-0.18	-0.60%	-4.27%	-1.94%	-18.65%	35.21%	-13.35%	-7.57%	110.30%
ABX	29.16	-0.16	-0.55%	-5.08%	-0.44%	-7.04%	1.18%	-3.35%	-1.79%	4.52%
KGC	11.68	-0.30	-2.50%	-6.71%	-1.93%	-14.99%	18.10%	2.28%	5.04%	58.91%
GLG	36.42	-0.47	-1.27%	-7.63%	-3.65%	-19.48%	22.42%	-5.45%	1.36%	74.51%
GG	21.77	-0.32	-1.45%	-7.75%	-3.72%	-19.55%	-10.04%	-30.40%	-29.06%	12.10%
BVN	24.59	-0.46	-1.84%	-8.93%	-10.39%	-13.32%	-16.81%	-9.96%	-3.30%	-16.87%

A week ago I gave you the heads up: "Time to study the companies and wait for the good ones to come to you."

I hope you were waiting. Many of the good ones are down 18 to 20 pct in the past 4 weeks.

---

To watch the moves in precious metal miners, you will have to monitor the individual stock charts, preferably in real-time, as follows:

NEM ABX AU GFI GG HMY GLG KGC BVN
15-minute data
60-minute data
Daily data
Weekly data

MDG LIHRY AEM BGO IAG EGO PAAS GOLD CDE GRS
15-minute data
60-minute data
Daily data
Weekly data

CBJ SSRI RGLD SIL NG KRY HL TSE_HRG TSE_GUY TSE_AGI
15-minute data
60-minute data
Daily data
Weekly data

NXG GSS MNG DROOY MFN RNO RANGY MRB CLG GRZ
15-minute data
60-minute data
Daily data
Weekly data

Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW WTZ MGN

15-minute data
60-minute data
Daily data
Weekly data

---

Here are the Weekly and Daily Data charts of the indexes:

Weekly U.S. Goldminers Index:

Weekly U.S. Goldminers Index:

Daily U.S. Goldminers Index:

The U.S. goldminer share trust ETF trades under the ticker symbol GDX.

Here are the U.S. Goldminer ETF (GDX) index Weekly, Daily and Hourly data charts:

GDX Weekly data:

GDX Daily data:

GDX Hourly data:

The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD.

Here are the Weekly and Daily data charts for the TSX Goldshares (XGD) index:

XGD Weekly data:

XGD Daily data:

---

Forex:

The $USD had another good week, going up +0.66 pct to close at 86.54. The whole gain and then some was made on Friday (+0.73 pct).

The 50-Day MA is 85.38 and the 200-Day MA is 87.27. Right at the 200-Day MA is the recent cycle high of 87.33 that was set around July 19.

The $USD has come a long way from its 83.60 low in May, and now has broken through it's recent 85-86 trading range. Can it get up through the 87.30 level in the next month? I'll say no.

Then again, if these central banks want to sell all their gold holdings here, that 87.30 would be a blip on the radar screen on the Dollar's way to the mid-90's. But then think about the Buy on gold if there was no such further interference.

I was pleased to hear at the Citigroup conference I attended this week that currency is now accepted as an asset class. The risk profile is somewhere between bonds and equities, and closer to bonds according to Arnold Miyamoto, who is Citigroup's Head of North America Foreign Exchange Sales and Trading.

Weekly U.S. Dollar Index:

Daily U.S. U.S. Dollar Index:

The Euro (priced in USD) lost -0.59 pct W/W to close at 126.07, backing further away from that psychologically important 130 level, which, until the pas couple weeks, had been fast approaching.

As I say, I think it will get there sometime soon " maybe not in leaps and bounds.

Yes, a week ago I wrote: "I still see a little strength in the $USD and a little weakness in precious metals ahead before any break-out to the upside in the Euro, and break-down in the $USD." I was leaving these gems and nuggets all over the place " I hope you were observant.

The British Pound was flat (+0.03 pct) to close at 187.14.

Weekly Euro Dollar Index, priced in USD:

Daily Euro Dollar Index, priced in USD:

---

Weekly British Pound Index:

Daily British Pound Index:

---

Weekly Japanese Yen Index:

Daily Japanese Yen Index:

The Japanese Yen was hammered again. After gaining strength all week, Friday was a killer, where the Yen dropped -1.07 pct on the day taking it down -0.66 pct W/W to close at 84.12.

The old cycle lows of 84.56 (Sept 18) and 84.87 (Jul 19) were taken out.

Is the Japanese economy really that bad, or is the Bank of Japan just printing more Yen to convert to USD to buy mortgages on California? I mean, is this turning out to be a trade war a year before I forecast it would likely happen?

---

Weekly Canadian Dollar Index:

The Canadian Dollar was down -0.65 pct to close at 88.86.

The 50-Day MA is all the way up at 89.37, and the 200-day MA is at 88.25.

Daily Canadian Dollar Index:

---

International Equities:

Russia Templeton Fund (TRF) was again the big loser (-2.74 pct W/W).

The FXI of China was down almost one pct on Friday, which made its loss for the week. The India Fund (IFN) was also down -0.57 pct on Friday, and, surprise, the identical number for the week.

Table 13: International equities perspective

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
EWZ	39.76	-0.04	-0.10%	3.35%	9.96%	2.47%	14.15%	1.48%	-6.23%	34.10%
QQQQ	41.41	-0.09	-0.22%	1.87%	3.86%	6.95%	0.24%	8.66%	-3.09%	8.26%
EWJ	13.70	-0.16	-1.15%	1.18%	3.79%	0.00%	-1.79%	1.18%	-7.31%	17.90%
SPY	135.01	-0.17	-0.13%	1.07%	2.69%	3.63%	6.56%	5.94%	3.16%	13.26%
FXI	82.10	-0.80	-0.97%	0.92%	1.73%	3.66%	30.34%	5.30%	5.46%	36.86%
EWU	22.05	-0.11	-0.50%	0.73%	1.57%	2.32%	15.08%	4.80%	7.09%	18.48%
IEV	96.88	-0.82	-0.84%	0.30%	1.42%	3.47%	16.07%	5.82%	7.12%	21.94%
IFN	43.90	-0.25	-0.57%	-0.57%	3.78%	12.68%	6.37%	-4.46%	-16.57%	20.57%
EWC	23.57	-0.15	-0.63%	-1.79%	0.60%	-1.63%	4.99%	-0.92%	-3.44%	16.86%
TRF	66.05	-1.00	-1.49%	-2.74%	5.60%	-4.55%	22.31%	-5.66%	-15.32%	37.66%

---

Japanese equity market ETF: EWJ

The Japanese equity market ETF (EWJ, priced in USD), closed at 13.70, up +1.18 pct. Friday was the killer though, going down -1.15 pct on the day.

Here is the Japanese (EWJ) equity market ETF Monthly, Weekly, Daily and Hourly data charts:

EWJ Monthly data:

EWJ Weekly data:

EWJ Daily data:

EWJ Hourly data:

---

U.K. equity market ETF: EWU

EWU (priced in USD) was up +0.73 pct on the week " about the same as the previous week.

EWU is now at 22.05 after losing -0.50 pct on Friday.

Here is the United Kingdom (EWU) equity market ETF Monthly, Weekly, Daily and Hourly data charts:

EWU Monthly data:

EWU Weekly data:

EWU Daily data:

EWU Daily data:

EWU Hourly data:

---

Canadian equity market ETF: EWC

The EWC of Canada took a hammering on Tuesday and Wednesday as commodity prices were being sold down the Potomac.

EWC lost -1.79 pct this week to close at 23.57.

A week ago, I wrote: "Suncor (SU) jumped +7.0 pct, EnCana +4.2 pct and Imperial Oil +2.5 pct, so all in all it was a good week for the Prime Minister's home province."

This week it was SU down -5.4 pct and IMO down -4.1 pct. Maybe we need Condi's friend as PM? Do you think?

Here is the Canadian (EWC) equity market ETF Monthly, Weekly, Daily and Hourly data charts:

EWC Monthly data:

EWC Weekly data:

EWC Daily data:

EWC Hourly data:

(Japan, Taiwan, Hong Kong, Singapore)

(U.K., Germany, France, Italy)

(Canada, Mexico, Brazil, Australia).

---

U.S. Equities:

Traders who are successful are those who nimbly follow the tape. The rest are the ones who "Buy, Hold and (most frequently) Lose".

BTW, I see the "Buy, Hold and Prosper" guy has lost so much for his clients, he decided to remove himself as portfolio manager and CEO. But he gets to keep his $2.2 billion because that's the way these things go.

---

The broad markets gained more strength this week. The charts indeed show a break-out. But unlike mid-July, I am not so inclined to suggest that rising prices might be the case for many weeks.

Or did I say that already?

Now I remember, the mantra goes like this: "The main objective of the Bulls has been achieved by lower oil prices and lower bond yields. From this point, the sledding will get tougher as traders will be listening to corporate management guide forward; If corporate earnings are going to continue growing at a double digit clip, then oil prices and bond yields will have to come down even more. But the problem in that scenario is that the only way possible is for a continued economic slowing, which would sooner or later impact on personal savings and consumption, and that will ultimately hit share prices."

This week the Nasdaq Composite was up +1.84 pct to 2300, and the $RUT was up +1.96 pct to 739.81. The Dow 30 came in with a respectable gain of +1.03 pct W/W " I wonder that compounds to in a year? (I josh; I know that'll never happen!) And the S&P 500 was up +1.46 pct for another fine fine week in NYC.

Friday didn't send traders home so happy for Columbus Day weekend though, but that was just a small matter.

The bigger matter is the RSI-7 values for the Weekly and Daily for each of these major market indexes. They are, like, inflated.

$COMP Weekly RSI-7 (70.7) and Daily RSI-7 (69.8)
$SPX Weekly RSI-7 (73.6) and Daily RSI-7 (70.8)
$DJX Weekly RSI-7 (73.4) and Daily RSI-7 (77.0)
$RUT Weekly RSI-7 (62.2) and Daily RSI-7 (63.8)

I think you buy this market higher at your peril. If you are intent on buying try to find stocks that haven't much participated in the recent rally.

---

Here is the Monthly data chart of the Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.

Here is the Weekly data chart of the Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.

Here is the Daily data chart of the Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.

Here is the Hourly data chart of the Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.

Table 14: Dow 30 List

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
BA	83.68	0.06	0.07%	6.13%	8.32%	14.95%	18.97%	3.55%	4.84%	23.19%
DD	44.95	1.53	3.52%	4.93%	6.21%	12.38%	4.39%	9.53%	4.05%	18.82%
HON	42.31	-0.46	-1.08%	3.45%	5.14%	10.53%	12.95%	6.25%	-1.26%	16.27%
CAT	68.05	-0.19	-0.28%	3.42%	8.41%	1.08%	17.73%	-7.60%	-10.05%	23.30%
UTX	65.41	-0.43	-0.65%	3.25%	4.99%	3.27%	15.71%	2.44%	12.33%	31.37%
HPQ	37.72	-0.12	-0.32%	2.81%	7.43%	4.29%	31.11%	13.96%	10.62%	40.28%
C	51.05	0.06	0.12%	2.78%	3.13%	4.78%	3.57%	3.61%	6.69%	12.37%
MO	78.62	0.22	0.28%	2.70%	-4.49%	-5.24%	4.85%	1.11%	11.58%	8.07%
MCD	40.11	0.31	0.78%	2.53%	4.97%	6.96%	19.66%	19.06%	15.92%	22.55%
HD	37.14	-0.12	-0.32%	2.40%	3.28%	8.34%	-9.94%	4.71%	-11.87%	-2.06%
GE	36.14	-0.15	-0.41%	2.38%	5.06%	6.26%	2.18%	7.88%	4.84%	7.59%
MMM	75.95	0.03	0.04%	2.06%	3.94%	6.21%	-3.99%	-6.68%	-6.67%	6.81%
MSFT	27.88	-0.06	-0.21%	2.01%	4.58%	8.78%	3.87%	18.74%	1.16%	12.74%
PG	63.09	-0.43	-0.68%	1.79%	2.07%	3.19%	7.33%	11.76%	9.72%	12.22%
IBM	83.14	0.22	0.27%	1.46%	2.38%	3.07%	1.32%	6.47%	-0.80%	4.32%
DIS	31.34	0.27	0.87%	1.39%	4.19%	5.95%	28.44%	4.33%	13.22%	30.10%
AIG	67.02	-0.22	-0.33%	1.15%	3.03%	4.33%	-3.73%	12.71%	2.41%	8.71%
AXP	56.59	-0.06	-0.11%	0.91%	4.58%	7.54%	7.63%	7.71%	8.26%	13.02%
XOM	67.52	0.20	0.30%	0.63%	4.02%	1.06%	15.48%	6.38%	8.75%	15.28%
INTC	20.65	-0.11	-0.53%	0.29%	8.29%	6.17%	-19.24%	9.55%	6.55%	-13.09%
JNJ	65.06	-0.05	-0.08%	0.18%	1.72%	2.31%	5.57%	7.50%	11.21%	5.67%
KO	44.76	-0.07	-0.16%	0.18%	1.75%	0.36%	9.44%	3.30%	7.36%	4.80%
MRK	41.86	0.44	1.06%	-0.10%	-0.43%	1.95%	27.82%	14.18%	20.15%	56.02%
JPM	46.86	-0.55	-1.16%	-0.21%	0.09%	3.54%	16.60%	10.39%	10.81%	39.22%
VZ	36.80	-0.11	-0.30%	-0.89%	-0.81%	3.95%	21.13%	11.45%	9.26%	18.29%
AA	27.74	0.17	0.62%	-1.07%	0.91%	-3.28%	-7.22%	-17.00%	-13.74%	21.08%
PFE	27.90	-0.09	-0.32%	-1.62%	-0.92%	1.12%	17.33%	17.82%	11.20%	13.18%
WMT	48.32	-0.09	-0.19%	-2.03%	0.06%	3.42%	4.52%	3.42%	3.78%	9.99%
T	31.78	-0.15	-0.47%	-2.40%	-3.40%	1.37%	28.61%	14.90%	20.15%	37.64%
GM	31.05	-2.08	-6.28%	-6.64%	1.40%	-2.82%	64.29%	6.34%	58.82%	9.52%

You can do this table yourself by entering the following string into the Summaries window at www.investertech.com and then clicking on the link for Performance.

AA AIG AXP BA C CAT DD DIS GE GM HD HON HPQ IBM INTC JNJ JPM KO MCD MMM MO MRK MSFT PFE PG T UTX VZ WMT XOM

Here are the links to interactive Dow charts from Investertech.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)

---

Value Line (Charles Noh) also wrote up Cincinnati's favorite, Procter & Gamble, noting that things are great except maybe revenues, earnings and dividends are likely to slow their pace of growth in the next 5 years " which apparently is ok because "These high-quality shares are suitable for conservative accounts."

Suitable mainly because the price has run up in recent months by Nervous Nellie's like me who would prefer being caught in a rainstorm than say under Niagara Falls.

Aha, if my system is serving me right, you might say that Wed-Thurs of this week, PG's Relative Strength Index stars were aligned for a DISTRIBUTE. The Monthly-Weekly and Daily RSI-7 numbers closed the week at 70.9, 80.0 and 64.5 respectively. Speaking of respect, the Daily RSI on Wed was also up there in nose-bleed elevations over 70. Sayonara.

The price closed over $63, which set a new all-time high this week. One of the CNBC "personalities" said that PG was still safe because the PE is just 22, and before the last time the market crashed it had been 45.

I know the guy has a college degree, but I wonder if he teaches college courses. Do you think?

BTW, when I suggest it's a good time to distribute the stock of a Cara 100 like Procter & Gamble, it's not that I have anything against the company. In addition to the Red Sox, I guess Boston might, but that's a different story. Boston, you see lost Gillette, when P&G acquired it for more dollars than I guarantee any of us will ever see in a lifetime.

It's just that there is a time to buy and a time to sell " something I learned from Ecclesiastes. There is a cycle you know " even for stocks. I mean the moon and the oceans and women can't have all the fun. :-)

And when it's time to DISTRIBUTE, it's also usually time to ACCUMULATE (something else). I'm just waiting for Jock to tell you what that be, because, you know, I'm trying to get the readers involved here.

Speaking of involvement, I decided to get involved this week in the McEwen-Goldcorp Smackdown. Somebody told me if you want to gather an audience start a fight, and I figured that since my fighting days are over, the person in the middle might also become a winner. Here's hoping anyway.

So there you have it: in this corner I'm supporting the champ on the basis of raw aggression, and in the opposing corner I'm supporting the former champ, who is fighting on principle.

But, I've come to put principle before principal. Not always mind you " just since the mid-90's when I stopped fighting under the name Dream Merchant.

---

Dow 30 list:

Alcoa [GICS 15, Dow 30]
(AA: Yahoo Finance file)
(AA: StockChart chart)
(AA: Investertech chart)
(AA: ADVFN Financial Data)
(AA: ADVFN Financial Data)
(AA: Value Line Report Jul. 21: next one is due Oct. 20)

---

Altria Group Inc [GICS 30, Dow 30]
(MO: Yahoo Finance file)
(MO: StockChart chart)
(MO: Investertech chart)
(MO: ADVFN Financial Data)
(MO: ADVFN Financial Data)
(MO: Value Line Report Aug. 4: next one is due Nov. 3)

---

American International Group [GICS 40, Dow 30]
(AIG: Yahoo Finance file)
(AIG: StockChart chart)
(AIG: Investertech chart)
(AIG: ADVFN Financial Data)
(AIG: ADVFN Financial Data)
(AIG: Value Line Report Aug. 25: next one is due Nov. 24)

---

American Express [GICS 40, Dow 30]
(AXP: Yahoo Finance file)
(AXP: StockChart chart)
(AXP: Investertech chart)
(AXP: ADVFN Financial Data)(AXP: ADVFN Financial Data)
(AXP: Value Line Report Aug. 25: next one is due Nov. 24)

---

AT&T [GICS 50, Dow 30]
(T: Yahoo Finance file)
(T: StockChart chart)
(T: Investertech chart)
(T: ADVFN Financial Data)
(T: ADVFN Financial Data)
(T: Value Line Report Sep. 29: next one is due Dec. 29)

---

Boeing Co [GICS 20, Dow 30. Cara 100]
(BA: Yahoo Finance file)
(BA: StockChart chart)
(BA: Investertech chart)
(BA: ADVFN Financial Data)(BA: ADVFN Financial Data)
(BA: Value Line Report Sep. 22: next one is due Dec. 22)

---

Caterpillar [GICS 20, Dow 30]
(CAT: Yahoo Finance file)
(CAT: StockChart chart)
(CAT: Investertech chart)
(CAT: ADVFN Financial Data)(CAT: ADVFN Financial Data)
(CAT: Value Line Report Jul. 28: next one is due Oct. 27)

---

Citigroup [GICS 40, Dow 30, Cara 100]
(C: Yahoo Finance file)
(C: StockChart chart)
(C: Investertech chart)
(C: ADVFN Financial Data)(C: ADVFN Financial Data)
(C: Value Line Report Aug. 25: next one is due Nov. 24)

---

Coca Cola [GICS 30, Dow 30]
(KO: Yahoo Finance file)
(KO: StockChart chart)
(KO: Investertech chart)
(KO: ADVFN Financial Data)
(KO: ADVFN Financial Data)
(KO: Value Line Report Aug. 4: next one is due Nov. 3)

---

Disney [GICS 25, Dow 30, Cara 100]
(DIS: Yahoo Finance file)
(DIS: StockChart chart)
(DIS: Investertech chart)
(DIS: ADVFN Financial Data)(DIS: ADVFN Financial Data)
(DIS: Value Line Report May 19: next one is due Aug. 18)

---

Dupont [GICS 15, Dow 30]
(DD: Yahoo Finance file)
(DD: StockChart chart)
(DD: Investertech chart)
(DD: ADVFN Financial Data)(DD: ADVFN Financial Data)
(DD: Value Line Report Jul. 21: next one is due Oct. 20)

---

ExxonMobil [GICS 10, Dow 30, Cara 100]
(XOM: Yahoo Finance file)
(XOM: StockChart chart)
(XOM: Investertech chart)
(XOM: ADVFN Financial Data)
(XOM: ADVFN Financial Data)
(XOM: Value Line Report Sep. 15: next one is due Dec. 15)

---

General Electric [GICS 20, Dow 30, Cara 100]
(GE: Yahoo Finance file)
(GE: StockChart chart)
(GE: Investertech chart)
(GE: ADVFN Financial Data)(GE: ADVFN Financial Data)
(GE: Value Line Report Jul. 14: next one is due Oct. 13)

---

General Motors [GICS 25, Dow 30]
(GM: Yahoo Finance file)
(GM: StockChart chart)
(GM: Investertech chart)
(GM: ADVFN Financial Data)(GM: ADVFN Financial Data)
(GM: Value Line Report Sep. 1: next one is due Dec. 1)

---

Hewlett-Packard [GICS 45, Dow 30]
(HPQ: Yahoo Finance file)
(HPQ: StockChart chart)
(HPQ: Investertech chart)
(HPQ: ADVFN Financial Data)(HPQ: ADVFN Financial Data)
(HPQ: Value Line Report Jul. 14: next one is due Oct. 13)

---

Home Depot [GICS 25, Dow 30]
(HD: Yahoo Finance file)
(HD: StockChart chart)
(HD: Investertech chart)
(HD: ADVFN Financial Data) (HD: ADVFN Financial Data)
(HD: Value Line Report Oct. 6: next one is due Jan. 5)

---

Honeywell [GICS 20, Dow 30]
(HON: Yahoo Finance file)
(HON: StockChart chart)
(HON: Investertech chart)
(HON: ADVFN Financial Data)(HON: ADVFN Financial Data)
(HON: Value Line Report Jul. 28: next one is due Oct. 27)

---

IBM [GICS 45, Dow 30]
(IBM: Yahoo Finance file)
(IBM: StockChart chart)
(IBM: Investertech chart)
(IBM: ADVFN Financial Data)(IBM: ADVFN Financial Data)
(IBM: Value Line Report Jul. 14: next one is due Oct. 13)

---

Intel [GICS 45, Dow 30, Cara 100]
(INTC: Yahoo Finance file)
(INTC: StockChart chart)
(INTC: Investertech chart)
(INTC: ADVFN Financial Data)
(INTC: ADVFN Financial Data)
(INTC: Value Line Report Jul. 14: next one is due Oct. 13)

---

Johnson & Johnson [GICS 35, Dow 30, Cara 100]
(JNJ: Yahoo Finance file)
(JNJ: StockChart chart)
(JNJ: Investertech chart)
(JNJ: ADVFN Financial Data)
(JNJ: ADVFN Financial Data)
(JNJ: Value Line Report Sep. 1: next one is due Dec. 1)

---

JP Morgan [GICS 40, Dow 30]
(JPM: Yahoo Finance file)
(JPM: StockChart chart)
(JPM: Investertech chart)
(JPM: ADVFN Financial Data)
(JPM: ADVFN Financial Data)
(JPM: Value Line Report Aug. 25: next one is due Nov. 24)

---

McDonalds [GICS 30, Dow 30]
(MCD: Yahoo Finance file)
(MCD: StockChart chart)
(MCD: Investertech chart)
(MCD: ADVFN Financial Data)
(MCD: ADVFN Financial Data)
(MCD: Value Line Report Sep. 8: next one is due Dec. 8)

---

3M Company [GICS 20, Dow 30, Cara 250 June 25-06]
(MMM: Yahoo Finance file)
(MMM: StockChart chart)
(MMM: Investertech chart)
(MMM: ADVFN Financial Data)
(MMM: ADVFN Financial Data)
(MMM: Value Line Report May 19: next one is due Aug. 18)

---

Merck [GICS 35, Dow 30]
(MRK: Yahoo Finance file)
(MRK: StockChart chart)
(MRK: Investertech chart)
(MRK: ADVFN Financial Data)
(MRK: ADVFN Financial Data)
(MRK: Value Line Report Jul. 21: next one is due Oct. 20)

---

Microsoft [GICS 45, Dow 30]
(MSFT: Yahoo Finance file)
(MSFT: StockChart chart)
(MSFT: Investertech chart)
(MSFT: ADVFN Financial Data)
(MSFT: ADVFN Financial Data)
(MSFT: Value Line Report Aug. 25: next one is due Nov. 24) >

---

Pfizer [GICS 35, Dow 30]
(PFE: Yahoo Finance file)
(PFE: StockChart chart)
(PFE: Investertech chart)
(PFE: ADVFN Financial Data)
(PFE: ADVFN Financial Data)
(PFE: Value Line Report Jul. 21: next one is due Oct. 20)

---

Procter & Gamble Co. [GICS 30, Dow 30, Cara 100]
(PG: Yahoo Finance file)
(PG: StockChart chart)
(PG: Investertech chart)
(PG: ADVFN Financial Data)
(PG: ADVFN Financial Data)
(PG: Value Line Report Oct. 6: next one is due Jan. 5)

---

United Technologies [GICS 20, Dow 30, Cara 100]
(UTX: Yahoo Finance file)
(UTX: StockChart chart)
(UTX: Investertech chart)
(UTX: ADVFN Financial Data)
(UTX: ADVFN Financial Data)
(UTX: Value Line Report Jul. 28: next one is due Oct. 27)

---

Verizon [GICS 50, Dow 30]
(VZ: Yahoo Finance file)
(VZ: StockChart chart)
(VZ: Investertech chart)
(VZ: ADVFN Financial Data)
(VZ: ADVFN Financial Data)
(VZ: Value Line Report Sep. 29: next one is due Dec. 29)

---

Wal-Mart [GICS 30, Dow 30, Cara 100]
(WMT: Yahoo Finance file)
(WMT: StockChart chart)
(WMT: Investertech chart)
(WMT: ADVFN Financial Data)
(WMT: ADVFN Financial Data)
(WMT: Value Line Report Aug. 11: next one is due Nov. 10)

---

Wrap up:

You'll notice that I get nervous with heights. To this day I hate looking out a windowed elevator.

They say this market is all about psychology. I'll buy that. When I'm losing, I'm looking to get back into the game, and when I'm winning I'm looking behind my back to see the people who want to take me out of it.

It's called survival.

We're all animals, basically. Aren't we?

Have a great weekend " Thanksgiving in Canada, Columbus Day in the U.S. (and soon Mexico). I guess Columbus didn't get to Mexico for three more days, and never got to Canada, which is why we don't have a Columbus Day, and have to celebrate Thanksgiving six weeks early.

Anyway, thank you, thank you, thank you. Now pass the bread and wine, please.

I know I'm not supposed to bring my laptop to the dinner table.

ADDENDUM:

I will accept reader comments, but remember this is my blog. If you wish to object strongly to or disparage anything I say or anybody else says here, please contact me directly and we can try to work it out. Either that or find another blog -- perhaps yours -- to vent.

If you find your comments are banned, please take it personally that there are a group of respected readers here, other than myself, who didn't want you around. These people come from all walks of life, all parts of the political spectrum, who recognize there are many different views on the subjects I discuss.

---

BCara@BillCara.com