Then despite a good week in the market that week, I took readers through a downer. This week wasn't a very good one in the North American or U.K. and European stock markets, with more of that to come, so in this Week In Review, being Christmas and all, I'm going to show my kind and gentle side.

Yes, not even a cease and desist order on the blog is going to spoil my holidays. My manuscript is coming along well at 127,000 words, which is two books in one, and as "joec002" quoted from Epictetus: "The greater the difficulty, the more glory in surmounting it. Skillful pilots gain their reputation from storms and tempests."

Could be my epithet epitaph. :-)

If you want to do something bad enough, your goal will be accomplished.

With that out of the way, let's see how the week went.

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Global Market Summary

International Equities: Russia and China were very strong equity markets AGAIN this week. But the diverging Money Flow indicators may finally be catching up to some of these markets.

U.S. Equities : All of the four major market indexes (SP500 -1.1 pct; DJIA -0.8 pct; Nasdaq -2.3 pct; and Russell 2000 -1.5 pct) lost ground this week. Except for consumer spending " must be those Wall Street bonuses " the economic data has been universally weak. U.S. economy is growing at an annual rate of about +1 pct.

Dow 30 : There were 20 Dow stocks down and 10 up W/W, but on Friday my eyesight was 30/30 (ie, all were down). The Dow index (at 12343) pulled back another 100 points from its bullish target of 12500. Negative money flow out of stocks and mutual funds may be setting the broad market up for a post-holiday, maybe post year-end, pull-back.

U.S. Sector ETFs: There were 9 ETF's down and 1 up (XLP +0.04 pct W/W), which is a penny. So there were really no winners, and Friday was a bad day all around.

First segment: most influenced by global commodities, forex and capex spending
10: Energy (XLE): #10 (-4.0 pct); $WTIC dropped -2.6 pct
15: Basic Materials (XLB): #8 (-2.5 pct); Copper was crushed
20: Industrials (XLI): #4 (-0.5 pct); Friday was -0.6 pct. BA hit
Second segment: most influenced by U.S. consumer spending and economic growth
25: Cons. Discretionary (XLY): #5 (-0.6 pct); Flat over 2 weeks
30: Cons. Staples (XLP): # (+0.0 pct); Only winner W/W was flat
35: Healthcare (IYH): #3 (-0.3 pct); Friday was -0.6 pct
Third segment: most influenced by U.S. interest rates and general economic health
40: Financial (XLF): #2 (-0.2 pct); Friday was -0.4 pct
45: Tech (SMH chips): #9 (-2.8 pct); CTSH, ADBE, QCOM, ADSK, INTC bad
50: Telecom Service (IYZ): #7 (-1.8 pct); T (-1.9 pct), VZ (+0.2 pct)
55: Utilities (XLU): #6 (-1.0 pct); economy is slowing

Bonds: U.S. Bonds had very little action this week. Inversion of the yield curve worsened a bit as the 3-Month Treasury Bill rallied +5 basis points (bp) whereas the yield through the 10-year was flat W/W and the yield on the 30-year T-Bond also lifted +1 bp.

Commodities: $CRB dropped -1.4 pct W/W to 308.16 because of weakness in oil and copper. I think the bigger picture here for six months now is that the U.S. economy started to come unglued with the peaking and softening of the housing industry, which expanded through the economy " first in narrow pockets, but now growing nationally. This is not a time to expect commodity prices to rally.

Oil & Gas: $WTIC futures were down sharply -2.6 pct (+$1.68) to 62.41. That reversed the week earlier gains of +$2.06/bbl and +3.3 pct.

Gold: $GOLD, $PLAT and $PALL had relatively small gains, offsetting a small loss in $USD. Despite a strong gain Friday (+1.2 pct on the day), $SILVER could move higher on the week (losing -2.7 pct and $0.34) because of losses the prior five days.

Goldminers: $XAU, GDX and XGD (TSX) were down -3.1 pct, -2.9 pct, and -2.6 pct respectively W/W, for a third straight losing week despite the $USD finally taking a break from earlier gains. Traders are probably linking the slowing U.S. economy to all commodities, but I wouldn't. Longer-term, the hard money PM complex ought to rally as and when the $USD starts to slide again.

Forex: This week, the $USD lost -0.3 pct and the Euro gained +0.3 pct to 83.80 and 131.17 respectively. Friday's moves went against the net flow of the week. With central banker holidays, the forex may quiet down.

Economic calendar for next week

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Cara Stock Watch

Interactive link to Recent Wall Street upgrades
Here is the Upgrade Summary for Friday.

Interactive link to Recent Wall Street downgrades
Here is a summary for Friday.

Here are the top 25 gainers on Friday.

Interactive chart of the top 12 Watch List gainers

Interactive chart of the next 12 Watch List gainers

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Here are the top losers for Friday.

Interactive chart of the top 12 Watch List losers (Interactive link)

Interactive chart of the next 12 Watch List losers (Interactive link)

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Cara 100 RSI Highs and Lows c/o "David"

Interactive link to Friday RSI Highs in Cara 100 (no smoothing)

Interactive link to Friday RSI Lows in Cara 100 (no smoothing)

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Sector ETF Review

Only one of the ten sector ETF's I follow here was up this week, and only by 1 penny.

To repeat last week's comment: "; enough individual stocks are being sold into broad market strength that technical resistance is quickly forming."

For the U.S. equity market, as you know, I study it top down by sector. 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
XLP	26.07	-0.02	-0.08%	0.04%	0.00%	1.32%	11.22%	2.40%	9.03%	9.95%
XLF	36.55	-0.16	-0.44%	-0.16%	0.94%	1.30%	13.51%	6.81%	14.83%	13.69%
IYH	66.24	-0.40	-0.60%	-0.32%	0.02%	0.90%	4.10%	1.86%	11.09%	3.34%
XLI	35.01	-0.22	-0.62%	-0.54%	-0.85%	-1.30%	10.69%	8.12%	5.61%	10.16%
XLY	38.23	-0.03	-0.08%	-0.57%	0.03%	0.74%	15.85%	11.20%	16.17%	15.88%
XLU	36.57	-0.13	-0.35%	-1.00%	-0.54%	1.02%	14.28%	9.00%	15.65%	15.07%
IYZ	29.08	-0.15	-0.51%	-1.82%	0.17%	2.68%	26.60%	4.57%	17.07%	25.56%
XLB	34.49	-0.14	-0.40%	-2.49%	-2.98%	-1.68%	11.55%	10.97%	12.42%	13.34%
SMH	33.29	-0.09	-0.27%	-2.83%	-2.63%	-5.88%	-12.21%	-0.18%	1.31%	-11.70%
XLE	58.59	-0.57	-0.96%	-3.97%	-2.79%	1.82%	11.18%	14.14%	12.20%	14.01%

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.

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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)

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

XLE plungd -3.97 pct W/W to close Friday at 59.59 taking the price level back to November. A week ago XLE was the number two best performer.

A week ago, with $WTIC moving over the $64 mark, most of these oils strengthened, and this week with the Crude Light contracts dropping $1.68/bbl, the previously over-bought oil stocks sagged. Friday they were off -1.0 pct on the day.

Traders seem nervous, and I think rightly so. The slowing U.S. econ is clearly showing in the data. Canada's economy is now believed to have outright contracted in September and stayed unchanged in October.

The only thing exciting in the Alberta oilfields, other than the cost of electricians and housing and so forth, which is through the roof, is the take-over speculation. There are many Cdn energy trusts with high yields that have been basically a return OF capital, so without a tax sweetener to help harvest cash from unwitting share buyers, many of these companies may have to merge. This is an area that needs managing by you if you hold these trusts. BMO, RBC and a few other broker-dealers have pretty good research.

Speaking of b-d research I have been providing, I decided to seek an industry solution before I antagonize the players. In one case where I believed I had been authorized, apparently there was an internal kerfuffle and the head legal guy sent me a demand for an explanation or a demand to remove a related series of reports I had uploaded.

No problem, mon. I'll be in Bahamas soon anyway, where they'll have to put on their scuba gear to find me. I josh of course.

I'll be disappointed for society at large if I can't manage to pull together a few of the top financial services firms who can see the obvious public service merit in my running a very few of the many reports these firms happen to issue. I have pushed the envelope here. If they want to make a Supreme Court case, so be it; however, let's first understand all sides of the issues.

"MarkM" says: "Looks like a review of the Fair Use doctrine is in order by your "legal team". Certainly I see copyright marks and language on these documents so a good understanding of legal rights and responsibilities in this area seems very prudent; Here is a link to a short, balanced discussion of the Doctrine. The 4-part test seems reasonable to me."

As I see it (and I'm obviously biased), the four-part test can be answered (superficially) as follows:

(1) The use was clearly intended and widely understood to be for non-profit educational purposes.
(2) The copyrighted work (i) is often desired by analysts and in some cases by the firms themselves to be widely distributed (ii) is often dated "news" or "facts" and contains "opinions" that are already widely disseminated to the public, (iii) are known and accepted by the authors to be widely circulated inside the financial community and outside the firm's clientele, and (iv) has no sales price attached to it like a book or a movie or piece of music.
(3) A single copyrighted item represents but a small part of an entire research system of the firms involved and it is the value of the research system that the authors would argue is potentially compromised. In fact, the whole of a single copyrighted piece is required to be made available by me because there are necessary legal disclosures that the authors and myself (being very experienced as a high level ex-registrant in this industry), know to be crucially important industry foundation structures.
(4) The value of the public's holding the copyrighted reports I used is clearly intended and widely understood to be highly complementary and in no way demeaning to the author. It could even be argued by industry professionals that its dissemination helps bring more of the public into the capital markets.

At the end of the day, it is the industry's call. Some firms will allow me to proceed and others will deny me the opportunity. Now that they all have seen what I would like to do, and what the public wants, they have to make a decision.

To sum up, regardless of how the law might play out here, I have already stated that I will remove every report of any firm that asks me to do it. I am trying to advocate social equity here, not venture into legal waters or antagonize in any way the companies involved.

I am hopeful that some of the major firms agree to a pre-agreed program of releasing to me a couple reports each month that I can compile in an overall program of education, information and facilitation that is free to the public. This should be a win-win for the industry and for society.

If you happen to be a decision maker in your financial services firm who reads this, or is sent this item by one of your staff, please contact me and let me know your views, and help me take this to the next level " one way or another.
BCara@BillCara.com

Now, let's get back to the WIR sans industry research:

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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
PBR	98.13	-0.09	-0.09%	0.50%	-0.09%	8.43%	31.33%	27.99%	22.95%	40.63%
CEO	88.01	-0.58	-0.65%	-2.05%	-0.71%	0.18%	27.20%	7.38%	16.82%	27.37%
XOM	75.41	-0.46	-0.61%	-2.45%	-0.12%	4.19%	28.97%	16.18%	30.08%	32.07%
TOT	70.46	-1.42	-1.98%	-2.84%	-1.14%	-0.13%	-45.83%	10.01%	14.66%	-44.97%
CVX	72.73	-0.50	-0.68%	-3.52%	-0.14%	5.65%	23.10%	17.42%	23.99%	27.35%
SU	77.91	-0.76	-0.97%	-3.70%	-1.69%	1.64%	18.89%	15.73%	9.13%	23.28%
STO	26.27	0.32	1.23%	-4.92%	-3.42%	-0.94%	8.87%	11.46%	2.42%	16.03%
IMO	35.69	-0.36	-1.00%	-5.23%	-7.30%	-2.78%	-65.68%	9.08%	7.44%	-64.66%
ECA	46.88	-0.69	-1.45%	-6.26%	-11.21%	-8.67%	0.39%	4.64%	-4.25%	1.89%

Of the ten oil stocks I monitor, all except Petro Brazil were down on the week. Call it an ugly week.

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Integrated Oil & Gas - Canada

Oil & Gas Exploration & Production -Canada

A week ago I wrote: "Neither IMO ("2.2 pct) nor ECA (-4.5 pct) had a good day Friday in the face of the broker downgrades. That ruined their week. Chief complaint is that cost inflation in Alberta is going to hurt future value. That seems like a long-term concern and the price drop was rather immediate " to ECA and IMO, but not to SU, which is also a major Alberta player. AG Edwards apparently still considers ECA a Buy (with a 12-month US$59 PT) although they did note that EnCana lowered its production growth and budget to generate free cash flow."

This week, ECA plunged a further -6.3 pct, IMO -5.2 pct and SU -3.7 pct. Ouch!

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

The Basic Materials ETF (XLB) dropped -2.5 pct W/W to end up #8 performer of 10, closing Friday at 34.49. Copper futures dropped -5.4 pct. That's a sign of further econ weakness as $COPPER has been dropping for six months or more. Technicians have noted the lower cycle highs and lower lows.

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
MT	41.69	-0.21	-0.50%	-0.41%	-1.79%	0.00%	55.39%	25.12%	32.56%	59.37%
PKX	82.60	-1.24	-1.48%	-1.55%	4.77%	7.27%	64.38%	30.88%	37.32%	63.21%
GGB	15.86	0.18	1.15%	-1.98%	-3.06%	1.93%	-8.90%	22.47%	18.89%	-4.17%
TS	49.87	-0.53	-1.05%	-2.25%	7.06%	8.25%	101.82%	40.08%	41.00%	111.58%
RIO	29.22	0.04	0.14%	-2.34%	-0.14%	7.62%	35.91%	45.81%	30.74%	41.91%
BHP	38.77	-0.22	-0.56%	-3.99%	-4.58%	-4.84%	10.77%	5.58%	-5.02%	17.70%
AA	29.24	-0.06	-0.20%	-5.80%	-6.01%	-4.79%	-2.21%	6.37%	-2.50%	-0.31%
RTP	206.72	-0.97	-0.47%	-6.19%	-4.03%	-1.87%	9.49%	13.63%	0.90%	13.63%
NUE	55.17	-0.48	-0.86%	-6.79%	-15.84%	-6.22%	59.08%	17.46%	10.94%	64.10%
TCK	72.01	-0.69	-0.95%	-8.48%	-4.97%	-5.50%	20.50%	18.83%	0.00%	0.00%

Ten of 10 metals and steel stocks and 8 of 10 gold stocks were down this week. The worst were Teck Cominco (-8.5 pct W/W), Nucor Steel (-6.8 pct) and Rio Tinto (-6.2 pct). That is a significant bashing. Alcoa was down -5.8 pct on the week so I guess they won't be buying a hometown hockey team or ice rink for Sidney Crosby.

Cameco (CCJ) had some good news.

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

The Industrials and Transport sector ETF (XLI), aka capital goods producers, was a loser this week, down -0.5 pct W/W to 35.01.

The Dow Transports (DJT) this week caved in. The great American hope Fedex plunged -6.6 pct W/W, so now FDX is down -5.3 pct over 6 months and up just +3.1 pct over 12 months.

What happened to those TH's who put their faith in FDX in flying higher. That's not Tom Hanks " he knows better. I recall Tom was a Fedex cast away.

Anyway, you can say the U.S. economy is the greatest story never told, which may fool some of the people some of the time, but if there is no freight to carry, you won't fool them long.

This Friday, DJT closed at 4510.50. The Transports are sputtering.

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The Dow Transports Average ETF is IYT. That's an ETF chart you have to watch because it gives you insights to the status of the U.S. economy. When the economy is moving, goods are moving and the transports are carrying them.

Houston, seems we have a problem.

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
ABB	17.45	-0.14	-0.80%	2.47%	2.83%	8.32%	71.25%	32.50%	43.15%	87.63%
HON	44.63	-0.13	-0.29%	2.32%	5.06%	4.37%	19.14%	10.91%	14.14%	16.50%
GE	37.57	-0.20	-0.53%	0.56%	6.52%	5.27%	6.22%	9.22%	13.03%	6.07%
UTX	62.56	-0.20	-0.32%	0.18%	-3.34%	-5.20%	10.67%	0.42%	1.08%	8.14%
MMM	78.35	-0.46	-0.58%	0.05%	-0.27%	-3.45%	-0.96%	7.23%	-1.56%	-0.37%
CAT	60.59	-0.22	-0.36%	-1.99%	-4.43%	-3.63%	4.83%	-3.47%	-16.17%	3.66%
BA	88.76	-1.18	-1.31%	-2.14%	-1.52%	-1.13%	26.19%	14.90%	5.59%	24.45%
FDX	107.47	-1.07	-0.99%	-6.60%	-6.79%	-8.43%	4.02%	1.36%	-5.30%	3.07%
ERJ	40.50	-0.10	-0.25%	-6.81%	-2.34%	-4.59%	3.16%	2.09%	16.08%	2.04%

In addition to Fedex taking a noser, Brazil's Embraer as well as Boeing were down -6.8 pct and -2.1 pct W/W respectively. Seems like nothing was flying even if the aircraft avoided Denver.

But in addition to some cruise ship lines I know are meeting their challenges, it seems that sales and profits are growing rapidly at (Cara 100) sea shipper Teekay LNG Partners (Bahamas). So too are acquisitions.

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

The Consumer Discretionary sector ETF (XLY) was down -0.60 pct W/W to close at 38.23, back where it was two weeks ago.

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
TM	131.91	1.84	1.41%	4.89%	8.13%	11.21%	23.45%	23.27%	30.79%	28.35%
NKE	99.94	-0.35	-0.35%	4.05%	2.99%	3.32%	16.28%	15.72%	19.16%	15.89%
CCL	48.87	-0.19	-0.39%	2.47%	3.34%	-3.25%	-10.45%	9.33%	19.34%	-9.28%
JCP	79.57	1.21	1.54%	0.05%	3.43%	-1.53%	40.96%	19.49%	17.57%	45.60%
DIS	34.16	-0.38	-1.10%	-0.41%	-0.67%	3.80%	40.00%	13.56%	16.67%	41.22%
WHR	81.71	-0.09	-0.11%	-0.70%	-4.81%	-4.71%	-1.16%	-6.88%	1.72%	-2.92%
SBUX	35.83	-0.56	-1.54%	-1.62%	-1.62%	-1.32%	16.07%	5.35%	-0.72%	16.41%
BC	31.59	-0.05	-0.16%	-2.17%	-2.95%	-3.54%	-22.61%	2.87%	-6.32%	-21.61%
EBAY	30.22	-0.66	-2.14%	-8.20%	-4.82%	-9.41%	-32.03%	15.74%	0.70%	-31.75%

Seems nothing is running these days except Lexus/Toyota and Nike. TM and NKE were up on the week +4.9 pct and +4.1 pct. And Mickey A's Carnival (CCL) was cruising (+2.5 pct W/W).

Sure hope a sleigh and some reindeer get through.

Did you see a poll where something like 20 pct of adults believe in Santa? I didn't know CNBC had that many viewers. (lol) I thought they were kinda on the outs. Nice new website though.

Tell me, why do they call it a blog? I don't call mine a dummied down TV broadcaster hype site.

Anyway, the Cruise Lines known as Carnival (CCL) and Royal Caribbean (RCL) are back in the good books at Banc of America Securities.

But Europe is where it's happening for CCL.

In spite of being new top dog, Toyota says the company and the industry will see some dog days in 2007.

Management so-called 'pigs at the trough' at firms like Pfizer and Home Depot are finding increasing shareholder hostility. Home Depot's Bob Nardelli certainly didn't impress a cadre of analysts and buy-siders at this year's AGM.

This debate will certainly balloon in 2007 if managers can be terminated for non-performance and yet be sent packing with compensation worth $200 million, like Pfizer's Hank McKinnell.

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

The Consumer Staples sector ETF (XLP) closed flat, just like last week. Only last week XLP was down a penny (-0.04 pct), and this week up a penny (+0.04) to close at 26.07.

Penny up. Penny down. Such awe-inspiring action!

But the old folks are going to party at Christmas; WAG as up +4.9 pct W/W.

But they're not buying their party food at Whole Foods Markets (-2.8 pct W/W).

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
WAG	46.68	0.72	1.57%	4.90%	6.99%	14.81%	2.84%	-0.47%	7.06%	3.53%
BUD	48.90	-0.05	-0.10%	0.95%	2.30%	5.66%	11.98%	3.71%	7.47%	11.52%
ABV	48.78	0.16	0.33%	0.45%	2.63%	4.63%	26.57%	11.62%	26.37%	29.63%
DEO	78.35	0.79	1.02%	0.41%	1.16%	2.22%	31.55%	9.40%	16.54%	33.61%
PEP	63.10	-0.29	-0.46%	0.37%	-0.27%	1.22%	5.59%	-1.84%	5.13%	6.55%
PG	63.80	-0.25	-0.39%	-0.48%	-0.14%	0.42%	8.54%	3.22%	14.23%	8.54%
MO	84.78	-0.94	-1.10%	-0.50%	-0.06%	1.23%	13.07%	2.99%	17.39%	10.33%
KO	48.38	-0.28	-0.58%	-1.12%	-1.08%	3.11%	18.29%	9.98%	12.85%	17.20%
WMT	45.54	-0.17	-0.37%	-1.96%	-1.75%	-4.93%	-1.49%	-5.69%	-6.06%	-6.30%
WFMI	47.68	-0.46	-0.96%	-2.81%	-2.45%	-3.03%	-38.16%	-19.58%	-23.25%	-37.88%

Last week I wrote: "Walgreens and AmBev scored well for a second straight week. Pills and beer. I wonder."

This week it was Walgreens, Ambev and Budweiser leading the Staples. More retailing of pills and beer. Hmm.

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

The IYH healthcare ETF lost 21 cents (-0.32 pct W/W) to close Friday at 66.24. A week earlier, the gain was 23 cents. Once again the whole week's loss was Friday.

Maybe the institutions empty or fill up on the weekend? Do you think?

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	53.45	-0.48	-0.89%	6.71%	7.09%	14.43%	-13.41%	9.15%	20.30%	-16.16%
BMY	26.00	-0.05	-0.19%	1.52%	2.56%	6.25%	11.88%	3.75%	1.44%	13.69%
PFE	25.97	-0.10	-0.38%	1.29%	3.18%	-3.42%	9.21%	-7.78%	14.66%	7.94%
GSK	52.39	0.25	0.48%	0.81%	-0.25%	1.43%	2.81%	-2.96%	-3.69%	2.79%
AET	43.27	-0.23	-0.53%	0.16%	2.10%	4.37%	-7.99%	12.92%	7.50%	-10.34%
DNA	80.35	-0.12	-0.15%	-0.54%	-3.65%	-0.30%	-14.52%	2.40%	4.49%	-14.88%
JNJ	65.65	-0.35	-0.53%	-0.97%	-0.45%	-0.30%	6.52%	2.64%	7.31%	7.06%
NVS	57.69	-0.17	-0.29%	-1.55%	0.00%	-1.79%	7.89%	-1.20%	10.33%	10.92%
AMGN	68.71	-0.48	-0.69%	-2.15%	-1.73%	-5.27%	-14.50%	-3.08%	5.76%	-15.27%
BMET	40.97	-0.09	-0.22%	-2.45%	2.68%	8.41%	11.09%	27.16%	16.43%	12.25%

United Health was more than healthy " lifting +6.7 pct on the week. But Amgen and Biomet were down over -2 pct.

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

The Financials ETF (XLF) lost -0.2 pct this week to close at 36.55, but the loss on Friday (-0.44 pct) carried the week.

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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
CSR	59.15	-0.11	-0.19%	2.76%	6.25%	7.66%	10.87%	15.73%	-1.00%	40.13%
LEH	76.86	-0.45	-0.58%	1.00%	-0.22%	0.37%	18.36%	8.45%	21.52%	19.51%
C	54.55	-0.21	-0.38%	0.89%	5.21%	8.43%	10.67%	10.20%	13.24%	10.90%
MS	79.70	-1.09	-1.35%	0.56%	1.39%	0.95%	36.36%	11.03%	32.81%	0.00%
HBC	90.90	-0.07	-0.08%	-0.56%	0.78%	-3.28%	11.29%	0.08%	4.88%	11.66%
DB	131.93	-1.44	-1.08%	-0.73%	0.78%	0.63%	32.65%	11.63%	23.55%	34.51%
MER	90.88	-0.13	-0.14%	-0.74%	0.35%	-1.85%	32.75%	16.33%	33.86%	31.67%
GS	198.09	-0.01	-0.01%	-0.88%	-3.42%	-1.74%	53.71%	18.25%	33.56%	54.77%
JPM	47.87	-0.78	-1.60%	-0.89%	2.37%	1.27%	19.11%	2.24%	16.56%	19.53%
UBS	59.10	-0.99	-1.65%	-2.70%	-1.48%	-3.51%	19.76%	0.25%	11.61%	23.23%

The Credit Suisse was up +2.8 pct but the UBS Suisse stumbled -2.7 pct W/W. Maybe the latter were watching Rocky Balboa and wondered: could it be? (inside joke)

Two of my favorite banks on the slopes of the Alps headed in different directions.

UBS shares were down, but they say that investors are down-right confident.

Citi and Lehman, two more favorites, up +0.9 pct and +1.0 pct, whereas JP and the "Gold"man slipped -0.9 pct.

I see that Citi is banking on a new deal in Chile.

Wealth management and M&A are great businesses. Maybe they should buy the Web; they seem to own everything else. I'll sell them my public service blog for a Dollar. I'm sure they could flip it for a Buck. (lol)

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

The semi-conductor ETF (SMH) had a bad week, dropping -2.83 pct W/W to close Friday at 33.29.

Not enough electronic smarts under the tree I guess. Actually, probably too many in the family. People seem to be saving, not spending this year.

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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
SAP	52.17	-0.45	-0.86%	1.05%	1.54%	-0.63%	13.54%	7.26%	1.70%	13.76%
SNDK	42.03	-0.42	-0.99%	-1.13%	-4.67%	-12.03%	-37.92%	-24.11%	-19.47%	-32.00%
CSCO	26.93	-0.36	-1.32%	-2.29%	-0.19%	0.34%	54.33%	17.70%	36.77%	55.75%
ORCL	17.11	0.01	0.06%	-3.22%	-3.88%	-12.70%	35.79%	-2.45%	19.40%	38.88%
INFY	52.93	-0.59	-1.10%	-3.31%	-3.73%	-1.18%	31.60%	14.84%	47.73%	28.28%
INTC	20.08	-0.29	-1.42%	-4.11%	-2.90%	-6.99%	-21.47%	5.30%	10.03%	-22.68%
ADSK	40.04	-0.35	-0.87%	-4.23%	-4.71%	-3.70%	-6.34%	10.94%	14.63%	-11.28%
QCOM	37.81	-0.74	-1.92%	-4.28%	-4.38%	0.61%	-14.07%	-0.13%	-8.63%	-14.82%
ADBE	40.75	-0.61	-1.47%	-4.81%	4.76%	-1.90%	5.79%	9.96%	32.35%	8.81%
CTSH	76.06	-1.39	-1.79%	-5.45%	-5.77%	-4.63%	50.05%	4.71%	17.36%	45.57%

Only SAP had any strength this week. Go figure.

There were as many knockdowns in the tech sector this week as in the latest Rocky Balboa movie: CTSH, ADBE, QCOM, ADSK and INTC " all good fighters " were put down over -4 pct this week by somebody new called Money Flow.

RIMM ($130.00) dropped -3.70 pct W/W after reporting fine profits and guiding higher. But the S&P analyst must have lost his Pearl. S&P hammered the stock.

RBC Capital upped the Target Price (+3.6 pct) to US$145 and says they are keeping their faith in RIMM.

Here is the Upgrade Summary for Friday.">Micron Tech shares showed an ability to rally.

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Sector 50 (telecom: IYZ, VOX and IXP)

The U.S. telco sector ETF (IYZ) lost -1.82 pct W/W to close at 29.08. That's ok because the prior couple of weeks, this sector really moved up strongly.

AT&T (T) was down this week -1.91 pct, and Verizon (VZ) was up +0.19 pct.

Good dividend payers, but the thing about Total Return (TR) is that there is a price component. Now that VZ and T are up in 12 months by over +19 pct and +42 pct respectively, how does TR keep working?

These companies could raise the dividend another +2 pct a year and these stocks could still end up 2007 with a negative TR.

I love the Long Base pattern of T, but the stock has enjoyed a big run this year and the Monthly RSI-7 is up near 90.

Caroling, caroling now we go ; Alarm bells ringing. Caroling, caroling thru the snow ; Alarm bells ringing... ding dong, ding dong; the telco bells are ringing; Following, following yonder star;

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

IYZ Monthly data:

IYZ Weekly data:

IYZ Daily data:

IYZ Hourly data:

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

The Utilities ETF (XLU) were down -1.00 pct to close at 36.57. A little technical resistance on the Money Flow is showing up here. But my favorite Exelon (EXC) has had quite a run over 3 years.

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

XLU Monthly data:

XLU Weekly data:

XLU Daily data:

XLU Hourly data:

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Bond & Interest Rate Review

This week the U.S. Treasury yield curve sagged again as the 3-month T-Bills lifted in yields by +5 basis points while the rest of the curve was largely unmoved.

Bonds were quiet. So was Forex. Traders are on vacation. They will be next week as well.

Me, I stuck around to finish a manuscript, and the WIR.

Btw, the TIP's have taken quit a tumble this month, with a loss of a further -0.50 pct this week to move to 99.35. With an economy in the U.S. headed rapidly toward recession, inflation is not much of a worry.

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Interest rates and bond yields.

Weekly data charts:

Interactive Daily data charts:

Interactive Hourly data charts:

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US Treasury Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
3 Month	4.82	4.79	4.79	4.93
6 Month	4.87	4.87	4.84	4.93
2 Year	4.71	4.71	4.60	4.76
3 Year	4.61	4.61	4.49	4.66
5 Year	4.56	4.55	4.44	4.59
10 Year	4.59	4.58	4.48	4.60
30 Year	4.72	4.70	4.60	4.68

Municipal Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	3.53	3.52	3.52	3.53
2yr AAA	3.52	3.50	3.50	3.52
2yr A	3.50	3.51	3.51	3.50
5yr AAA	3.57	3.55	3.54	3.56
5yr AA	3.58	3.57	3.56	3.56
5yr A	3.61	3.61	3.60	3.60
10yr AAA	3.67	3.67	3.72	3.67
10yr AA	3.66	3.64	3.74	3.64
10yr A	3.79	3.79	3.85	3.67
20yr AAA	4.09	4.09	4.18	4.07
20yr AA	4.07	4.06	4.08	4.09
20yr A	4.08	4.08	4.08	4.09

Corporate Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	5.03	5.03	4.94	5.10
2yr A	5.13	5.13	5.02	5.15
5yr AAA	5.08	5.12	5.02	5.19
5yr AA	5.08	5.07	4.97	5.15
5yr A	5.17	5.17	5.05	5.21
10yr AAA	5.42	5.50	5.39	5.58
10yr AA	5.35	5.34	5.26	5.36
10yr A	5.41	5.38	5.28	5.42
20yr AAA	5.77	5.75	5.71	5.81
20yr AA	6.02	6.01	5.95	5.99
20yr A	5.91	5.89	5.79	5.87

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Interactive Chart of Interest rates and bond yields.

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US Bond Funds -- Interactive Monthly Data Charts

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SHY Monthly data series chart:

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IEF Monthly data series chart:

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TLT Monthly data series chart:

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AGG Monthly data series chart:

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LQD Monthly data series chart:

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TIP Monthly data series chart:

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Notes:

1. The Lehman Brothers US Aggregate Index covers the total fixed-rate, nonconvertible US investment-grade bond market, excluding municipals. It is market-cap weighted and includes over 6,500 issues. The Treasury components of this index are broken down into several sub-indexes including the 1-3 Year Treasury, 7-10 Year Treasury and 20+ Year Treasury Indexes.

2. The Lehman Brothers US Treasury Inflation Notes Index is not included in the Aggregate Index. The indexes rebalance monthly to help maintain maturity range targets.

3. The data used in these inserts is as of Sept 30.

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US Bond Funds -- Interactive 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:

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US Bond Funds -- Interactive 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:

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US Bond Funds -- Interactive 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:

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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
AGG	100.51	-0.09	-0.09%	0.22%	-0.01%	-0.22%	-0.13%	0.45%	3.44%	-0.11%
SHY	80.28	0.00	0.00%	0.14%	0.14%	0.02%	-0.05%	-0.02%	1.01%	-0.15%
IEF	83.11	-0.33	-0.40%	-0.05%	-0.20%	-0.44%	-0.94%	-0.18%	4.04%	-0.74%
TLT	89.39	-0.69	-0.77%	-0.38%	-0.94%	-1.36%	-2.60%	-0.25%	6.93%	-2.03%
TIP	99.35	-0.41	-0.41%	-0.50%	-1.25%	-1.00%	-3.58%	-1.65%	0.62%	-3.28%
CFC	41.36	0.26	0.63%	-0.84%	3.76%	1.52%	18.31%	18.00%	11.57%	16.28%
FNM	59.68	-0.68	-1.13%	-1.03%	0.15%	3.99%	22.45%	11.53%	26.79%	24.20%
FRE	67.99	-0.39	-0.57%	-1.45%	-0.85%	1.06%	4.12%	5.95%	18.80%	1.57%

Consumer Finance -USA -- Interactive Weekly Data Charts

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Consumer Finance -USA -- Interactive Daily Data Charts

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Consumer Finance -USA -- Interactive Hourly Data Charts

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Commodities Review

The $CRB index dropped -1.43 pct W/W to close at 308.16, which is a loss of -4.48.

The current price is now below the 50-day Moving Average (310.69), and well below the more important 200-d MA (329.32).

Last week I noted, "As long as the current price is below the 200d MA, I think the Fed will not tighten " they'll just use their bully pulpit to talk you into worrying about inflation."

Now with the $CRB below the 50-d MA, there are calls for a loosening. Wouldn't bother me because that would help $GOLD.

This index lost because of falling Copper and Crude Oil prices this week. That tends to happen with a U.S. economy headed toward recession.

Interactive Chart of Weekly CRB Commodities Index:

Interactive Chart of Daily CRB Commodities Index:

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Oil:

$WTIC had a loss of -$1.68/bbl (-2.6 pct W/W) to close at $62.41.

The new 50-Day Moving Average is 60.84, while the 200-Day MA is 67.52.
It appears the current price will soon test the support at 60.84.

Interactive Chart of Weekly Crude Oil:

Interactive Chart of Daily Crude Oil:

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Gold:

$GOLD lifted slightly by +3.20 (+0.52 pct W/W) to $622.30. The 50d MA is at 622.94, so that represents technical resistance. The more important 200d MA is at 617.74, which is support.

I don't have a view right now because the markets are quiet, including the $USD.

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Interactive Chart of Weekly Gold EOD Continuous Contract Index:

Interactive Chart of Daily Gold EOD Continuous Contract Index:

Interactive chart of recent trading for the Gold Bullion index.

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$SILVER had another bad week, losing $0.34 (-2.66 pct W/W) to close at $12.64.

The 50-day MA $SILVER is now 12.91 and the 200-day MA is 12.09, so the current price (12.64) is now below the 50-day MA, which is a technical negative.

Interactive 60-minute data

Interactive Chart of Weekly Silver EOD Continuous Contract Index:

Interactive Chart of Daily Silver EOD Continuous Contract Index:

Interactive chart of the Silver Bullion index.

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$PLAT gained +$19.60 (+1.77 pct W/W) to 1127.80.

The 50-Day MA for $PLAT is now 1136.84 and the 200-Day MA is 1171.52, so the current price (1127.80), although improved on the week, is still below both the 50-day and 200-day MA.

Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

Interactive Chart of Daily Platinum EOD Continuous Contract Index:

Interactive chart of the Platinum metal index.

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$PALL recovered a bit this week, but not enough. $PALL gained +2.17 (+0.67 pct W/W) to close Friday at 325.96. But a week ago it lost -9.19.

The 50-day and 200-day Moving Averages for $PALL are 328.63 and 333.55 respectively, so $PALL (325.96) is still BELOW both the 50-day MA and 200-day MA.

Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

Interactive Chart of Daily Palladium EOD Continuous Contract Index:

Interactive chart of the Palladium metal index.

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$COPPER plunged -16.25 (that's on the 2,000 lb contracts) (or -5.39 pct W/W) to close at 285.40. The contracts have dropped -$31.80 in three weeks.

The 50-day MA is 321.43, and the 200-Day MA is 326.16, so $COPPER (285.40) is technically quite bearish.

Earlier in the month I pointed out: "Point & Figure charts have been indicating a bearish objective at $268.00, after a Dec 6 chart breakdown occurred. From a Dow Theory perspective, there has been a series of lower highs and lower lows in the copper price cycle for six months." So, the writing has been on the wall.

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Interactive Chart of Weekly Copper EOD Continuous Contract Index:

Interactive Chart of Daily Copper EOD Continuous Contract Index:

Interactive chart of the Copper metal index.

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Table 12: Senior gold equities

This week, only Gold Fields had any pop (+1.3 pct W/W). The group had many losers.

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	18.50	0.09	0.49%	1.26%	2.55%	6.14%	-4.00%	3.53%	-9.09%	8.19%
LIHRY	40.75	0.34	0.84%	0.02%	-10.54%	-7.20%	17.50%	0.59%	-13.85%	70.64%
AUY	12.54	0.26	2.12%	-0.87%	-2.03%	7.73%	75.38%	37.20%	37.35%	106.59%
AEM	40.12	0.19	0.48%	-1.59%	-3.60%	-3.00%	82.03%	32.02%	34.50%	107.88%
ABX	29.90	-0.11	-0.37%	-1.81%	-0.70%	0.50%	3.75%	2.08%	7.25%	10.25%
BVN	26.95	0.19	0.71%	-2.14%	-4.36%	-3.06%	-8.83%	-1.79%	2.71%	-4.94%
GG	27.16	0.20	0.74%	-3.03%	-7.05%	-3.65%	12.23%	20.12%	-0.33%	31.08%
MDG	27.11	0.18	0.67%	-3.39%	-8.20%	-9.51%	13.15%	11.89%	-7.13%	26.74%
KGC	11.37	-0.13	-1.13%	-3.81%	-7.56%	-4.05%	14.96%	-4.53%	16.62%	28.77%
NEM	45.02	-0.15	-0.33%	-5.20%	-4.03%	-1.16%	-21.21%	2.83%	-9.07%	-13.36%

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 AUY KGC BVN
Interactive 15-minute data
Interactive 60-minute data
Interactive Daily data
Interactive Weekly data

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

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

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

Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW MGN

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

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The goldminer indexes and ETF's all took losses this week, and we're creamed once again. Last week I wrote: "I think this is end of the week short covering in the $USD, but maybe not." Well, $USD actually lost ground, and gold gained a bit, but that didn't help the gold miner stocks.

$XAU, GDX and (TSE's) XGD were down on the week -3.11 pct, -2.86 pct, and -2.55 pct respectively. That's a string of three bad weeks.

The $XAU index, currently at 138.49, is now below the 50d-MA (138.61) and 200d-MA (139.84). That's a negative.

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

Weekly U.S. Goldminers Index:

Interactive Chart of Weekly U.S. Goldminers Index:

Interactive Chart of 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:

Interactive Chart of XGD Weekly data:

Interactive Chart of XGD Daily data:

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Forex Review

Two weeks ago, the previous $USD plunge was arrested and $USD closed that week at 83.32, which was a gain of +0.85 (+1.03 pct). Then a week ago, $USD closed at 84.05, a gain of +0.73 (+0.88 pct). So I wrote that "Dollar Bull traders are getting a little cocky. They are openly saying that Hank Paulson has zero chance of convincing the Chinese to liberate the Yuan (which would push the $USD down). We'll see. But, I think the USD issues are so much bigger than the Yuan."

Nobody knows how currencies are going to play out, but I happen to be a Dollar Bear because I believe:

(i) the U.S. economy is presently weakening faster than Europe, Japan, BRIC (Brazil, Russia, India & China), and Southeast Asia, which happen to total more than half the world's population,

(ii) U.S. consumers that are increasingly falling below the poverty line, hence more likely to buy less expensive foreign made goods, which is having an increasing burden on the U.S. economy,

(iii) long-term investment capital is rapidly flowing from the U.S. into BRIC, which is the reason for relatively faster economic growth there in the past, present and future,

(iv) the Muslim world is flowing its long-term investment capital into UAE and Dubai in particular,

(v) global commodities, like oil and iron ore, are increasingly being transacted not in USD, causing a general shift out of USD, and

(vi) a health and social cost burden of the U.S. that threatens to overwhelm the economy with money demands, requiring in future an enormous printing of money that if it doesn't happen will lead to civil strife.

Money is currently being printed at an excessive rate in the U.S., but for the wrong reasons. Money growth needs to create wealth faster, otherwise the economy has problems.

Here is a note sent in by "Seamus": M3 update as of 12/22/2006. "M3 continues to RISE. I think Bernanke will need new printing presses (and helicopter) for 2007."

These pressures will not abate until the U.S. Administration decides to direct the resources of its military-industrial complex inward for matters like homeland security, renewable energy, space science, education of its own citizens, highways, bridges, ports, Internet, and so forth.

In the immediate term, the $USD 50-Day MA is 84.73, and the 200-Day MA is 85.91, so the current price (83.80) is technically bearish. I believe there is a small measure of technical support at 82.35, and more in the 80-81 range.

Should there be a $USD breakdown into the 70's in the next six months, there would be upward pressure on gold taking it into new cycle highs, eg, the 750 level or higher. I expect to see that as the U.S. Democrats begin, after Congress returns following the holidays, to address the social and healthcare issues facing the nation. If there are no new taxes levied, then I see the $USD breaking down in the 1H07.

Interactive Chart of Weekly U.S. Dollar Index:

Interactive Chart of Daily U.S. U.S. Dollar Index:

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The Euro (priced in USD) gained on the week +0.33 pct W/W, closing at 131.17. The test of 130, which had been expected, is now, I believe, complete. I think the Euro will be headed back up, soon to test technical resistance at 132.18, which is the prior Daily price data cycle high (see stockcharts.com chart).

The British Pound gained +0.28 pct W/W to close at 195.66, which, like the moves in the USD and Euro, was not much. But this is a quiet holiday market.

The JPY had another terrible week, which at 11 session days and counting has dropped the Yen to 84.07. The decline in the Yen is really helping the Japanese exporters and auto makers like Toyota (TM). During the Yen plunge, TM is up +4.89 pct this week, +11.21 pct over 4 weeks and +23.45 pct over 13 weeks (ie, 3 months or one quarter). I don't think the falling Yen or the rising Toyota share price is sustainable, at least nowhere near this rate.

The CAD dropped a bit -0.06 pct W/W to close down a nickel at 86.33 (a very positive number for the Chinese, signifying health, wealth and long-life). The CAD has been dropping mostly because the economy has suddenly hit the wall, close to recession numbers, because of the earlier run-up well past 90, which, along with econ problems in the U.S., damaged inbound tourism and export manufacturing, especially in Ontario.

Interactive Chart of Weekly Euro Dollar Index, priced in USD:

Interactive Chart of Daily Euro Dollar Index, priced in USD:

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Weekly British Pound Index:

Daily British Pound Index:

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Weekly Japanese Yen Index:

Daily Japanese Yen Index:

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Weekly Canadian Dollar Index:

Daily Canadian Dollar Index:

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International Equities Review

This week, there was a totally bifurcated market and I don't quite understand why. Canada and U.K. equity markets were hammered, down -3.0 pct and -4.0 pct respectively. But the NYSE-listed closed end FXI fund for China and the Templeton Russia Fund (TRF) were up +2.8 pct and +9.9 pct respectively. The India Fund (IFN) dropped -0.5 pct W/W, but zoomed +2.3 pct on Friday.

Asia-Pacific indices (Interactive link)
European indices (Interactive link)

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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
TRF	91.29	0.52	0.57%	9.86%	15.32%	17.93%	69.06%	45.95%	47.43%	58.52%
FXI	103.79	1.26	1.23%	2.76%	7.17%	7.96%	64.77%	28.61%	45.06%	63.47%
EWJ	14.13	0.05	0.36%	-0.14%	0.64%	6.96%	1.29%	7.05%	8.69%	3.29%
IFN	47.00	1.05	2.29%	-0.51%	-1.36%	-5.30%	13.88%	11.11%	5.55%	8.29%
SPY	140.75	-0.87	-0.61%	-1.12%	-0.47%	0.29%	11.09%	7.06%	13.09%	11.10%
EWZ	45.44	0.10	0.22%	-2.47%	-1.43%	2.81%	30.46%	25.66%	27.60%	34.20%
IEV	103.40	-0.67	-0.64%	-2.55%	-1.08%	0.16%	23.88%	8.25%	18.31%	24.68%
EWC	25.03	-0.08	-0.32%	-2.98%	-3.58%	-3.25%	11.49%	6.83%	10.85%	13.93%
QQQQ	42.93	-0.45	-1.04%	-3.38%	-2.21%	-3.85%	3.92%	7.67%	12.41%	3.70%
EWU	23.12	-0.05	-0.22%	-3.99%	-3.38%	-0.47%	20.67%	6.49%	13.89%	19.85%

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Japanese equity market ETF: EWJ

Japan's EWJ (a USD-denominated NYSE-traded ETF) lost -0.14 W/W to 14.13, which is just two cents. There was a gain of +0.36 pct on Friday.

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

Interactive EWJ Monthly data:

Interactive EWJ Weekly data:

Interactive EWJ Daily data:

Interactive EWJ Hourly data:

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U.K. equity market ETF: EWU

EWU (priced in USD) fell hard -3.99 pct on the week to 23.12. But the FTSE 100 dropped -70 points (-1.1 pct W/W), so maybe there was an ex-dividend date this week as "occam_razor" states in his comment. Thank you, kindly.

If any ETF you hold rises or drops sharply in price, I recommend you go to the Yahoo Finance site to look into the highest weighted component issues to see the stocks and sectors that were moved the most.

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

Interactive EWU Monthly data:

Interactive EWU Weekly data:

Interactive EWU Daily data:

EWU Daily data:

Interactive EWU Hourly data:

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Canadian equity market ETF: EWC

The EWC of Canada lost -2.98 pct to close at 25.03. The TSE Composite dropped -148 points W/W (-1.2 pct), so perhaps the difference is due to an ex-dividend date this week.

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

Interactive EWC Monthly data:

Interactive EWC Weekly data:

Interactive EWC Daily data:

Interactive EWC Hourly data:

(Japan, Taiwan, Hong Kong, Singapore)

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

(Canada, Mexico, Brazil, Australia).

---

U.S. Equities Review

For a couple weeks, I have been alerting readers to the continuous distribution that has been taking place in the U.S. equity markets.

A divergence between Money Flow and Price direction does not always result in price reversals, but when you have looked through hundreds of thousands of charts like me over the 30 years that computers have made this easy you do pick up some experience.

Mine is saying that Money Flow divergences (with positive or negative price trends) usually result in a trend reversal. When I see those divergences showing up simultaneously in different markets, in different sectors, in key stocks, then I feel there is a change about to occur.

This was a technically bearish weak as all four major U.S. equity indexes were down. The S&P500, DJIA, NASDAQ Composite, and Russell 2000 small cap index were down (-1.14 pct, -0.83 pct, -2.28 pct and -1.50 pct respectively). On Friday, the losses in the S&P and Dow were approximately that of the Nasdaq (-0.61 pct), so the selling was across all sectors and sub-sectors on Friday.

There was a warning because a week ago I stated: "The U.S. indexes had a winning week, but they clearly ran into signs of resistance and distribution. Once again, there was a huge opening hour rally on Monday, followed by large volume on falling prices through mid-day Tuesday. Then there was a massive opening gap to the upside on both Thursday and Friday (on almost no volume), and then a sell-off the rest of both days. Yes, that's called distribution. It happened the previous week too."

The losses on Friday were mostly due to pro day traders clearing their net long positions in the final ten minutes of the day as the following chart shows. These same traders will likely hop right back into those stocks after the holiday. Note that these traders don't get too involved with the small caps (see the Russell 2000 did not get impacted much in the final ten minutes while the action was occurring in the heavy volume mid and big caps.

I continue to believe that: "Big money is sending sell orders into the market. The timing for when the plug (ie, the supporting bids) gets pulled is pretty soon. And just before that happens there will be an avalanche of put option purchases and the VIX will start to go a little nuts."

Here are charts of the VIX (NYSE) and VXN (Nasdaq) indicators. The distribution started heavily along with put buying activity on Friday Dec 15. These are charts that bear watching. (pun not intended, but not a bad one)

VIX

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VXN

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The Cara mantra: Remember, we trade prices. Watch the tape. Watch the technical support. You have to do that in addition to watching the economic news and changes to the corporate fundamental and quantitative pictures. Then, you have to put it all together. At times when market trends might be in a stage of reversal, you really do have to look closer at the technical indicators and trading patterns.

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

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

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

Here is the Hourly data chart of the Interactive Chart of 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
HON	44.63	-0.13	-0.29%	2.32%	5.06%	4.37%	19.14%	10.91%	14.14%	16.50%
HPQ	40.63	-0.17	-0.42%	1.70%	2.50%	2.70%	41.22%	15.72%	23.23%	40.59%
PFE	25.97	-0.10	-0.38%	1.29%	3.18%	-3.42%	9.21%	-7.78%	14.66%	7.94%
C	54.55	-0.21	-0.38%	0.89%	5.21%	8.43%	10.67%	10.20%	13.24%	10.90%
GE	37.57	-0.20	-0.53%	0.56%	6.52%	5.27%	6.22%	9.22%	13.03%	6.07%
GM	29.42	-0.13	-0.44%	0.55%	-0.54%	-5.80%	55.66%	-3.92%	7.88%	57.83%
MCD	43.57	-0.30	-0.68%	0.37%	-0.43%	4.04%	29.98%	14.03%	33.86%	26.00%
VZ	36.55	-0.13	-0.35%	0.19%	3.51%	5.18%	20.31%	-1.48%	11.64%	19.09%
UTX	62.56	-0.20	-0.32%	0.18%	-3.34%	-5.20%	10.67%	0.42%	1.08%	8.14%
MMM	78.35	-0.46	-0.58%	0.05%	-0.27%	-3.45%	-0.96%	7.23%	-1.56%	-0.37%
IBM	95.25	-0.66	-0.69%	-0.01%	1.48%	2.04%	16.07%	17.29%	23.40%	14.46%
DD	48.57	-0.41	-0.84%	-0.37%	3.56%	0.29%	12.80%	14.77%	16.31%	13.24%
DIS	34.16	-0.38	-1.10%	-0.41%	-0.67%	3.80%	40.00%	13.56%	16.67%	41.22%
PG	63.80	-0.25	-0.39%	-0.48%	-0.14%	0.42%	8.54%	3.22%	14.23%	8.54%
MO	84.78	-0.94	-1.10%	-0.50%	-0.06%	1.23%	13.07%	2.99%	17.39%	10.33%
AIG	71.67	-0.28	-0.39%	-0.64%	1.88%	0.66%	2.94%	10.18%	20.72%	5.55%
JPM	47.87	-0.78	-1.60%	-0.89%	2.37%	1.27%	19.11%	2.24%	16.56%	19.53%
JNJ	65.65	-0.35	-0.53%	-0.97%	-0.45%	-0.30%	6.52%	2.64%	7.31%	7.06%
KO	48.38	-0.28	-0.58%	-1.12%	-1.08%	3.11%	18.29%	9.98%	12.85%	17.20%
AXP	60.85	-0.01	-0.02%	-1.28%	1.70%	1.59%	15.73%	12.46%	15.36%	16.35%
MSFT	29.64	-0.34	-1.13%	-1.82%	0.82%	-0.40%	10.43%	11.18%	29.55%	11.47%
T	34.98	-0.19	-0.54%	-1.91%	0.03%	7.07%	41.56%	6.32%	28.18%	42.31%
WMT	45.54	-0.17	-0.37%	-1.96%	-1.75%	-4.93%	-1.49%	-5.69%	-6.06%	-6.30%
CAT	60.59	-0.22	-0.36%	-1.99%	-4.43%	-3.63%	4.83%	-3.47%	-16.17%	3.66%
BA	88.76	-1.18	-1.31%	-2.14%	-1.52%	-1.13%	26.19%	14.90%	5.59%	24.45%
XOM	75.41	-0.46	-0.61%	-2.45%	-0.12%	4.19%	28.97%	16.18%	30.08%	32.07%
HD	38.89	-0.02	-0.05%	-2.48%	0.23%	3.10%	-5.70%	8.15%	6.61%	-6.13%
MRK	42.83	-0.44	-1.02%	-2.75%	-2.50%	-3.06%	30.78%	1.88%	21.50%	33.80%
INTC	20.08	-0.29	-1.42%	-4.11%	-2.90%	-6.99%	-21.47%	5.30%	10.03%	-22.68%
AA	29.24	-0.06	-0.20%	-5.80%	-6.01%	-4.79%	-2.21%	6.37%	-2.50%	-0.31%

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)

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Dow 30 list:

I took note that the S&P analyst who covers Boeing (BA) has downgraded the technical rating to a "4" on Friday, knocking BA in price from 90 to 88.50, closing 88.76.

Unless the stock price drops a lot more from here, there is not much Total Return (TR) potential with BA for the next several years.

Here is the snapshot of the Daily-Weekly-Monthly price data charts with RSI-7 indicators. I don't think the same sign of good fortune will be there say in six months. Clearly the S&P analyst thinks the stock is fully priced here.

(BA: Value Line Report Dec. 22)

The shares of the Dow 30 issues in the American military-industrial conglomerates (BA, GE, HON, UTX) are typically laggards in the four-year stock cycle, and now even S&P has sounded the alert.

But being Christmas, I have to think that the Boeing Dreamliner 787 is a wonderful gift for under the tree. It's going to be a long time before anybody sees one in the sky; (oh, stop that, it's Christmas in a preciousss few hours!)

"Jerry" sent me a note to say I really ought to be considering the newly FAA-certified Eclipse Aviation private twin-jet "beaut".

Yes, if I was 30 years younger AND didn't suffer very serious color-blindness, I might be interested. Buyers interest plus a relatively small $1.5 mil gets the next open production slot for Nov 2008 delivery.

I can't think of a finer way of traveling the many out islands of the beautiful Bahamas.

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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 Oct. 20: next one is due Jan. 19)

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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 Nov. 3: next one is due Feb. 2)

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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 Nov. 24: next one is due Feb. 23)

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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 Nov. 24: next one is due Feb. 23)

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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)

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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 Dec. 22: next one is due Mar. 23)

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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 Oct. 27: next one is due Jan. 26)

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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 Nov. 24: next one is due Feb. 23)

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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 Nov. 3: next one is due Feb. 2)

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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 Nov 17: next one is due Feb. 16)

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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 Oct. 20: next one is due Jan. 19)

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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 Dec. 15: next one is due Mar. 16)

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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 Oct. 13: next one is due Jan. 12)

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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 Dec. 1: next one is due Mar. 2)

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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 Oct. 13: next one is due Jan. 12)

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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)

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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 Oct. 27: next one is due Jan. 26)

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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 Oct. 13: next one is due Jan. 12)

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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 Oct. 13: next one is due Jan. 12)

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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 Dec. 1: next one is due Mar. 2)

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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 Nov. 24: next one is due Feb. 23)

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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 Dec. 8: next one is due Mar. 9)

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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 Nov 17: next one is due Feb. 16)

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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 Oct. 20: next one is due Jan. 19)

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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 Nov. 24: next one is due Feb. 23)

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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 Oct. 20: next one is due Jan. 19)

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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)

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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 Oct. 27: next one is due Jan. 26)

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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)

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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 Nov. 10: next one is due Feb. 9)

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Wrap up:

A few of us got rich in 2006; hopefully 2007 is heaven, ie, a year of happiness.

That would be nice!

To my readers in 140 countries, may peace, joy, prosperity and love be yours throughout this holiday season.

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Beannachtai na Nollag agus na hAthbhliana (Gaelic)

Boas Festas E Feliz Ano Novo (Or) Feliz Natal E Um Prospero Ano Novo. (Portuguese)

Boldog Karacsonyl es Ujevl Unnepeket (Hungarian)

Buone Feste Natalizie Buon Natale e Felice Anno Nuovo (Italian)

Cestitamo Bozic (Yugoslavian)

Chung Mung Giang Sinh (Vietnamese)

Felices Pasquas Y felices ano Nuevo (Argentine)

Feliz Navidad y prospero Ano Nuevo (Spanish)

Frohliche Weihnachten und ein Glueckliches Neues Jahr (German)

Gajan Kristnaskon (Esperanto)

Gezuar Krishtlindjet! (Albanian)

Glædelig Jul Gledlig jol og Nyar (Icelandic, Danish)

God Jul and (Och) Ett Gott Nytt Ã…r (Swedish)

Gun Tso Sun Tan'Gung Haw Sun (Catonese)

Happy Hanukkah (Hanukkah/Channukah)

Harambee (A Kwanzaa Greeting "Let's all pull together")

Hauskaa Joulua (Finnish)

Hristos se rodi (Serbian)

Hyvaa Joulua (Finnish)

Hyvää Joulua ja Onnellista Uutta Vuotta! (or God Jul och) (Finnish)

I'D MIILAD SAID OUA SANA SAIDA (Arabic)

Idah Saidan Wa Sanah Jadidah (Iraqi)

Il - Milied Ferriehi, u is - Sena it - Tajba. (Malta)

Joyeux Noel et heureuse année (French)

Kala Christouyenna! Kala Khristougena kai Eftikhes to Neon Ethos (Greek)

Kellemes Karacsonyi unnepeket (Hungarian)

Kung His Hsin Nien bing Chu Shen Tan (Mandarin)

La Maunia Le Kilisimasi Ma Le Tausaga Fou (Samoan)

Linksmu sventu Kaledu (and) Laimingu Naauju Metu (Lithuanian)

Maligayang Pasko (Filipino - Tagalog)

Maligayang Pasko At Manigong Bagon Taon (Philippines)

Mata-Ki-Te-Rangi. Te-Pito-O-Te-Henua (Rapa-Nui - Easter Island)

Mele Kalikimake me ka Hauloi Makahiki hou (Hawaiian)

Merry Christmas (English)

Mitho Makosi Kesikansi (Cree)

Mo'adim Lesimkha. Chena tova (Hebrew)

Nadelik looan na looan blethen noweth (Cornish)

Nadolic Llawen. Blwyddn Newdd Dda (Welsh)

Nathaal Vaalthukal (Tamil)

Nolag mhaith Dhuit Agus Bliain Nua Fe Mhaise (Gaelic - Irish)

Nollaig Chridheil agus Bliadhna Mhath Ur (Gaelic - Scot)

Nathaal Vaalthukal (Tamil)

Naya Saal Mubarak (Urdu and Hindi)

Noeliniz Ve Yeni Yiliniz Kutlu Olsun (Turkish)

Nollaig Chridheil agus Bliadhna Mhath Ur! (Scottish Gaelic)

Nollaig chridheil huibh (Scots Gaelic)

Nollaig Shona Dhuit (Irish)

Ojenyunyat Sungwiyadeson honungradon nagwutut.Ojenyunyat osrasay (Iroquois)

Ollick Ghennal Erriu as Blein Feer Die. Seihil as Slaynt Da'n Slane Loght Thie (Manx)

Pozdravlyayu s prazdnikom Rozhdestva i s Novim Godom (Russian)

Prejeme Vam Vesele Vanoce a stastny Novy Rok (Czech)

Roomsaid Joulupuhi Roomsaid Joulu Phui ja Uut Aastat (Estonian)

Sarbatori vesele Sarbatori Fericite. La Multi Ani (Rumanian)

Sawadee Pee Mai (Thai)

Seasons Greetings (English)

Selamat Tahun Baru, dan, Selamat Hari Krismas (Malaysia - Bahasa Malayu)

Shana Tova (Hebrew)

Shenoraavor Nor Dari yev Pari Gaghand (Armenian)

Shinnen omedeto. Kurisumasu Omedeto (Japanese)

Shub Naya Baras (Hindi)

Shubha Naba Barsha (Bangla)

Solstice Blessings (Pagan, Wicca)

Sretan Bozic Vesela Nova Godina (Croatian)

Srozhdestvom Kristovym (Ukrainian)

Sung Tan Chuk Ha (Korean)

ubha nath thalak Vewa. Subha Aluth Awrudhak Vewa (Singhalese - Ceylon/Sri Lanka)

Tchestita Koleda; Tchestito Rojdestvo Hristovo (Bulgarian)

Tezze Iliniz Yahsi Olsun (Azeri - Azerbaijan)

Vitaiu iz svyatom Rizdva ta Novim Rokom (Ukrainian)

Vesele Bozicne. Screcno Novo Leto (Slovene)

Veseleh Sviat i scaslivoho Novoho Roku (Ukrainian)

Vesele Vianoce. A stastlivy Novy Rok (Slovak)

Vrolijk Kerstfeest en een Gelukkig Nieuwjaar! Zalig Kerstfeest en een Gelukkig Nieukjaar (Dutch)

Wesolych Swiat Bozego Narodzenia (Polish)

Yeni Yilnizi Kutar, saadetler dilerim (Turkish)

Zorionak eta Urte Berri On! (Basque)

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BCara@BillCara.com