Interactive links

There appears to be more interest presently in Palladium than Platinum for industrial uses in automobile catalytic (emission control) converters because Platinum prices have risen due to investment/jewellery demand, particularly from China.

Here are the Cara 100 End of the Week RSI-7 values prepared by "David" using Welles Wilder smoothing. I decided to put them into Monthly-Weekly-Daily order because the Monthly values are the most important to long-term oriented traders. I also had them sorted by both Monthly and Daily highest and lowest values.

Except for the precarious state of the broad market, I believe WFMI is in the Accumulation Zone with smoothed RSI-7 values of (M) 29.23 " (W) 20.96 " (D) 17.90. For the long-term oriented trader, this stock ought to be purchased on all down spikes while in the AZ.

With the exception of the Cara Fab 4 Telcos (Russia's Vimpel Communications and Mobile Telesystems and China Telecom and China Mobile), plus India's Infosys, which I' sure would make most readers nervous holding (despite the phenomenal price moves of the past couple years), the other five Cara 100 companies with stocks that presently have the highest Monthly RSI-7 values represent the best in core portfolio values: Diageo, Goldman Sachs, Deutsche Bank, Disney, and Toyota Motor. However, as these RSI values cycle through a toppy Distribution Zone, I am a seller. I am more interested in booking gains and avoiding capital risk than any other consideration.

Daily RSI > 70 in Cara 100 (7) With one click, these charts can be changed to Monthly or Weekly values.

Daily RSI < 30 in Cara 100 (7) With one click, these charts can be changed to Monthly or Weekly values.

Yesterday's portfolio movers from the Cara Watch List:

Here are the top gainers from Friday from the Cara 100.

Interactive charts of the top 12 Watch List gainers (Interactive link)

Stanley Works (SWK) was up +5.1 pct on Friday after Baird raised the rating from Neutral to Outperform. Earlier JP Morgan had raised the rating on Brunswick Corp (BC) from Neutral to Outperform, and the stock was up +1.4 pct on Friday.

Brunswick, which makes big ticket SeaRay boats (among others), seems to have reached an operational bottom or close to it. Let's look at the comparative prices of BC (black/red?) and TOL (blue) and HOV (green).
I believe that at the long-term cycle bottom (Accumulation Zone), all three of these stocks will bottom simultaneously. I believe the July bottom was an intermediate cycle bottom only, which extended the 2002-2006 (May top) into an additional intermediate cycle that is topping out now.

Here are the top gainers from Friday from the Cara 100.

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

Interactive charts of the 52-week Intra-Day Highs or Lows in Cara 100

Stanley Works was the only stock in the Cara 100 Global Best Companies to have a 12-month intra-day high, and Whole Foods Markets was the only one with a 12-month low.

Wall Street upgrades

Wall Street downgrades

This morning AG Edwards upgraded Home Depot and Lowes. I think when Home Depot recently borrowed $5 billion and fired CEO Robt Nardelli, there were signs that maybe private equity was snifing around, and I think that may be the real reason for the Edwards upgrade.

I also think these stocks are topping out.

Econoday Weekly International Report