So in our quest to successfully manage capital, we study changing data like corporate operating results and stock price trends. We listen to stories. We take advice. Then we make decisions.

As time moves forward, we realize there is a flow to price motion, and that if we had decided to buy at a low point of the cycle and sell at a high point, we not only protected our capital, but we increased it, which, in combination, is our goal.

If we were to give this game a name, it would be called Point of Cycle, and the objective would be to determine where, at any point in time, a current price is in that cycle.

There are clues of course, as readers have been pointing out in your comments. Some of you have noted this week that screaming headlines on a magazine cover is usually consistent with a transitioning cycle point.

I pointed you to another as this week Merrill Lynch made a big deal in giving us a list of 17 over-priced stocks. In not also giving us a similar list of under-priced stocks, the Bull himself was waving a red flag. Message sent and received. Thank you.

Interesting game this is and a challenging one.

I don't for a second believe that Merrill Lynch has the answer, or Morgan Stanley or Goldman Sachs, or Bill Cara. What we have is perspective and opinions. Then we act.

It is a fact that all of us are failures some of the time. Dealing with that fact " not just accepting it, but learning from it " is what separates the winners from the losers.

For many of you, this was a tough week. The more years you spend at this game, the more tough weeks you will endure. In time, you will see that every winner is a survivor of failure. Multiple failures.

I learned a few things along the way, which I have been busy committing to a manuscript for a book. Maybe it should be a movie?

It is not an easy thing, you know, to recall so many disappointments, but there is a great satisfaction in knowing that surviving them is what shapes one's character and leads a person to success.

And with that introduction, I'll now start on this first of the new year WIR#01.

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Global Market Summary

International Equities: Extreme weakness. More to come.

U.S. Equities : Nasdaq biotechs, semi's and Internet stocks were hot on Wed/Thurs. The rest of the market was a dog's breakfast. Next week could prove interesting.

Dow 30 : There were 11 Dow stocks up and 17 down over five days. W/W, but on Friday it was only 3 up (GM, XOM and HPQ). That's three terrible Friday's in a row. Negative money flow out of stocks continues, and may be setting the broad market up for a long awaited pull-back.

U.S. Sector ETFs: There were 2 ETF's up and 8 down over 5 sessions and 3 up/7 down over the last three in this short short week. The following chart is for three days only.

First segment: most influenced by global commodities, forex and capex spending
10: Energy (XLE): #10 (-4.6 pct); $WTIC crashed until Fri. (XLE +0.7 pct)
15: Basic Materials (XLB): #9 (-2.0 pct); Metals awful, Fri. -0.7 pct
20: Industrials (XLI): #4 (+0.1 pct); Fri. -0.3 pct
Second segment: most influenced by U.S. consumer spending and economic growth
25: Cons. Discretionary (XLY): #5 (-0.3 pct); Fri. -0.7 pct
30: Cons. Staples (XLP): #3 (+0.1 pct); Fri. -0.7 pct
35: Healthcare (IYH): #1 (+0.5 pct); Fri. -0.9 pct; Sharp sell off MRK, JNJ
Third segment: most influenced by U.S. interest rates and general economic health
40: Financial (XLF): #6 (-0.5 pct); Fri. -0.7 pct; Sharp sell-off AXP
45: Tech (SMH chips): #2 (+0.5 pct); Fri. -1.0 pct. Bad.
50: Telecom Service (IYZ): #7 (-1.5 pct); Fri. -1.4 pct. Very Bad.
55: Utilities (XLU): #8 (-1.7 pct); Fri. -1.8 pct. Atrocious.

Bonds: U.S. Bonds had a good week this week as the yields on the 30-year, 10-year and 5-year Treasuries dropped -10, -8 and -10 basis points (bp) respectively. The 3-Month Treasury Bill yield was unchanged, leading to deeper inversion of the curve.

Commodities: $CRB plunged -5.3 pct to 291.11 because of extreme weakness in energy and copper. BEWARE THE INCORRECT DATA FROM STOCKCHARTS. ONCE AGAIN, THEY HAVE PUBLISHED ERRONEOUS DATA. SOME PEOPLE BELIEVE THAT IF IT'S FREE, YOU GET WHAT YOU PAY FOR. MAYBE I SHOULD BE CHARGING FOR MY TIME, AND BUYING HIGH-QUALITY DATA FOR DISCERNING READERS? I STARTED BLOGGING FOR THE FUN OF IT, BUT GARBAGE IN, GARBAGE OUT, UNFORTUNATELY, AND THAT IS NOT FUN.

Oil & Gas: $WTIC futures plunged -7.8 (-$4.74) to 56.31. U.S. truckers sitting idle. Warm weather in the East.

Gold: $GOLD, $SILVER, $PLAT and $PALL all had big losses -4.9 pct, -1.7 pct, -2.8 pct and -0.9 pct respectively. CHECK THE DATA CAREFULLY WITH A SERVICE OTHER THAN STOCKCHARTS.

Goldminers: $XAU, GDX and XGD (TSX) were down -6.5 pct, -6.7 pct, and -6.0 pct respectively W/W.

Forex: This week, the $USD lifted +1.2 pct and the Euro dropped -1.4 pct to 84.66 and 130.11 respectively.

Economic calendar for next week.

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Cara Stock Watch

The Cara 100 RSI Highs and Lows

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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Here are the Cara Watch List gainers on Friday.

Interactive chart of the top 12 Watch List gainers

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Here are the top Cara Watch List losers for Friday.

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

Note how in recent days there has been a big shift of the foreign stocks (China, Russia, Brazil) moving from the leading gainers to the leading losers. If there is now a cycle of international credit tightening, then I expect to see the impact felt quickest in the more speculative BRIC markets. Eventually all equity markets will decline from here, and then (and only then) the Fed will start to cut rates. But a key issue really is one of central bank credit extension to commercial banks and from that source to the individual, commercial and industrial customer where those funds have been used for portfolio investment. Do these central banks really want to prop up a failing equity market, by lowering rates and thereby risking a worsening inflation situation? I don't think so. I don't think the central banks will move to cut rates until the equity markets really tumble.

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Sector ETF Review

The tables I show are for five days whereas the U.S. equity markets this week were open just three days. Over five days, eight of the ten sector ETF's I follow here were down, and over the past three days this week, it was 7 of 10 down.

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
SMH	33.85	-0.34	-0.99%	0.27%	0.45%	-2.73%	0.83%	-0.99%	4.41%	-13.12%
IYH	66.77	-0.57	-0.85%	0.15%	-0.09%	1.14%	0.47%	1.12%	10.53%	4.00%
XLP	26.14	-0.19	-0.72%	-0.46%	0.31%	0.38%	-0.53%	2.87%	8.33%	11.71%
XLY	38.25	-0.26	-0.68%	-0.91%	-0.49%	-0.26%	-0.70%	6.43%	15.52%	15.70%
IYZ	29.20	-0.40	-1.35%	-1.12%	-0.61%	1.35%	-1.55%	5.00%	14.78%	25.48%
XLI	34.96	-0.12	-0.34%	-1.13%	-0.82%	-1.38%	-0.77%	1.86%	3.80%	10.42%
XLF	36.54	-0.26	-0.71%	-1.59%	-0.57%	1.11%	-1.03%	3.57%	12.74%	13.20%
XLU	36.11	-0.66	-1.79%	-2.27%	-1.98%	-2.67%	-1.93%	4.94%	11.31%	13.41%
XLB	34.22	-0.23	-0.67%	-2.59%	-2.98%	-3.28%	-1.13%	7.51%	6.64%	10.17%
XLE	55.92	0.37	0.67%	-5.78%	-7.20%	-8.13%	-1.17%	6.23%	-2.95%	7.17%

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 has been plunging for a couple weeks. This week (3 days), XLE dropped -4.6 pct to 55.92. That's a 5-day loss of -5.8 pct.

That's three straight weeks as worst performer too. Finally on Friday there was a respite as 9 other sector ETF's dropped, but XLE gained +0.67 pct on the day.

After $WTIC dropped -$1.36 a week ago, and -$1.68/bbl the week before that, this week there were opening gap sell-off's as $WTIC dropped another $4.74/bbl. The stories of $30 and even $20 oil are surfacing. I'm sure Malcolm Steve Forbes will be invited back to CNBC this week as grist for the mill.

Unbelievably warm weather in most of North America has affected energy demand and lowered prices. The energy Bulls are looking at weather charts for the north-east. Heading into mid-January, ski hills are shutting down and people are thinking golf. Just as hurricane season went missing this year, people in the east are wondering if this will be a winter without much snow.

Meanwhile $WTIC gained +1.3 pct on Friday, and some rather intelligent and forward thinking analysts like Tom McManus at Banc of America were recommending to buy the dips in XOM, CVX and COP.

Trader nervousness in the near term seems to be overdone with respect to oil and precious metals. The economy is in a slowdown state, but is not crashing, and there will be snow here sometime soon. Above 55 oil and 600 gold, these producing companies are raking in the profits, which is the point that should be top of mind with traders.

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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
CEO	88.40	-3.17	-3.46%	-2.90%	-1.01%	-0.67%	-6.23%	8.76%	9.77%	26.65%
ECA	44.87	0.71	1.61%	-3.71%	-6.66%	-15.32%	-1.04%	-2.37%	-14.83%	-0.77%
TOT	68.98	-0.34	-0.49%	-4.54%	-4.49%	-4.15%	-2.80%	5.96%	5.25%	-46.67%
CVX	70.55	0.27	0.38%	-4.71%	-5.29%	-4.60%	-0.59%	10.44%	10.44%	21.24%
XOM	73.24	0.52	0.72%	-4.83%	-4.87%	-6.17%	-1.17%	8.79%	17.09%	25.67%
PBR	95.41	-1.46	-1.51%	-6.16%	-1.88%	-1.85%	-4.26%	17.43%	8.82%	25.59%
STO	24.55	-0.14	-0.57%	-6.44%	-8.97%	-12.88%	-4.44%	6.37%	-14.70%	1.24%
SU	72.65	1.97	2.79%	-7.30%	-8.52%	-9.94%	-1.70%	6.34%	-13.69%	12.48%
IMO	33.58	-0.64	-1.87%	-7.49%	-8.77%	-12.78%	-5.83%	2.63%	-8.87%	-66.77%

With $WTIC plunging like it has, there is no surprise to see the past 5, 10 and 20 trading session losses in the quality oil stocks. Over five sessions, the losers are STO (-6.4 pct), PBR (-6.2 pct), XOM (-4.8 pct), CVX (-4.7 pct) and TOT (-4.5 pct). In Canada, the beating was more severe because cost inflation in the oil fields is severe. This past five sessions, IMO was down -7.5 pct and SU dropped -7.3 pct. Only ECA got off lightly (-3.7 pct), which was on account of its having already been beaten down (-15.3 pct over four weeks).

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Integrated Oil & Gas - Canada

Oil & Gas Exploration & Production -Canada

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

The Basic Materials ETF (XLB), led by the metals, also had a bad week, down 2.0 pct in three days closing Friday at 34.22. That's a loss of -2.6 pct over five days.

Copper futures were totally hammered, plunging -33.60 or -11.7 pct over five days to 253.50. Traders would be wise to separate the industrial metals from the base metals in their outlook, but just remember that many of the major gold producers, like Goldcorp (GG/G) are major copper producers.

The heap leach gold miners are quite different than the ones that sit on high-grade copper-gold porphery deposits. This week, with copper prices down much sharper than gold and certainly silver, some of these miners were hit much worse than others.

That's just one factor, of course.

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	54.73	-0.19	-0.35%	-1.72%	-4.83%	-13.89%	0.42%	5.29%	1.33%	56.51%
AA	28.76	-0.35	-1.20%	-4.20%	-5.64%	-6.74%	-1.94%	4.32%	-12.42%	-5.11%
MT	40.01	0.01	0.02%	-4.49%	-3.36%	-4.28%	-1.94%	12.58%	41.43%	49.57%
GGB	15.57	-0.56	-3.47%	-4.77%	-2.32%	-3.95%	-5.18%	12.26%	4.36%	-12.63%
TS	47.30	0.40	0.85%	-5.15%	-6.80%	1.09%	-2.51%	34.37%	20.94%	93.69%
BHP	37.16	-0.58	-1.54%	-6.16%	-6.68%	-11.52%	-4.40%	-1.48%	-12.28%	5.99%
PKX	78.53	-1.17	-1.47%	-6.51%	-5.36%	-1.91%	-1.13%	19.53%	20.74%	53.92%
RTP	193.60	-3.66	-1.86%	-9.02%	-11.41%	-13.76%	-5.14%	3.41%	-7.97%	3.81%
RIO	27.51	-0.96	-3.37%	-9.33%	-6.84%	-7.65%	-4.55%	23.64%	16.72%	23.97%
TCK	66.52	-0.34	-0.51%	-11.60%	-14.75%	-16.28%	-3.94%	5.00%	10.13%	0.00%

The steelmakers also had a bad week, but nothing compared to the base metal shares. The smart traders behind Teck-Cominco have been pulling out for a month now (-16.3 pct) and this past 5-session week has led the charge (-11.6 pct).

BHP dropped -6.2 pct, Rio Tinto (RTP) plunged -9.0 pct and CVRD (RIO) was down a sickening -9.3 pct.

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

The Industrials and Transport sector ETF (XLI), aka capital goods producers, was down -1.1 pct over 5 days, but only -0.14 pct over three sessions this week, closing at 34.96 (down a nickel).

Obviously the lower oil costs helped some of the transports, but I noted that while Fedex (FDX) was up after Wednesday and Thursday, as soon as the crude oil price lifted on Friday, FDX got hit hard (-0.9 pct on the day)

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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	89.15	-0.38	-0.42%	0.30%	-1.13%	-1.74%	-0.02%	6.61%	11.20%	26.76%
FDX	107.53	-0.95	-0.88%	-0.38%	-5.72%	-8.47%	-2.04%	-4.78%	-8.23%	3.62%
UTX	62.68	-0.19	-0.30%	-0.41%	0.32%	-3.15%	-0.21%	-4.80%	-1.83%	11.97%
GE	37.56	-0.19	-0.50%	-0.61%	-1.18%	6.49%	-1.08%	3.50%	12.76%	6.61%
MMM	77.42	-0.53	-0.68%	-1.34%	-0.88%	-3.90%	-1.07%	1.98%	-3.89%	-0.73%
HON	44.65	-0.43	-0.95%	-1.61%	0.68%	3.05%	-1.00%	4.40%	12.44%	19.74%
CAT	60.22	-0.78	-1.28%	-2.03%	-2.11%	-3.11%	-1.54%	-11.75%	-17.65%	1.60%
ERJ	39.79	-0.86	-2.12%	-3.47%	-6.00%	-6.55%	-2.43%	-3.02%	9.61%	-0.50%
ABB	16.93	-0.32	-1.86%	-5.42%	-3.31%	1.62%	-4.99%	25.31%	34.05%	60.47%

They all had big losses on Friday

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

The Consumer Discretionary sector ETF (XLY) was down -0.3 pct in three sessions to close at 38.25. The whole loss and then some was taken on Friday.

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
WHR	84.73	-0.02	-0.02%	1.57%	3.52%	-2.10%	0.08%	-1.84%	3.46%	1.86%
EBAY	30.78	-0.81	-2.56%	0.72%	-4.20%	-5.47%	2.02%	1.05%	8.53%	-32.91%
CCL	49.88	-0.99	-1.95%	-0.08%	3.72%	4.59%	-2.10%	3.34%	19.62%	-7.27%
TM	133.72	-4.05	-2.94%	-0.40%	5.54%	10.51%	-1.17%	15.91%	30.64%	26.06%
NKE	98.83	0.16	0.16%	-0.69%	2.74%	0.32%	1.19%	11.03%	23.46%	14.83%
DIS	34.19	-0.28	-0.81%	-1.01%	-1.89%	-0.03%	-0.03%	10.04%	13.70%	40.07%
SBUX	35.14	-0.14	-0.40%	-1.82%	-3.81%	-4.54%	-0.31%	-9.18%	-6.44%	11.17%
JCP	76.58	-0.24	-0.31%	-2.32%	-4.36%	-2.48%	-1.90%	8.75%	13.35%	38.21%
BC	31.31	-0.43	-1.35%	-2.88%	-1.23%	-3.60%	-1.91%	-1.70%	-3.18%	-22.79%

A week ago I remarked here: "Well, CEO's like Bob Nardelli just takes his leg up, so shoppers like Bill Cara get back theirs by shopping elsewhere. I'd go to IKEA or Cdn Tire 99 times before I went back to Home Depot. Anyway, next Friday Value Line is reporting on Home Depot, and they are likely to forecast an Annual Total Return on the stock at something like a nosebleed level. For whatever reason, the VL analyst is going to tell you that HD deserves a PE multiple up in the mid-20's. I don't get it. Under Nardelli, they'd rather use cash to buy back shares than pay down debt. Makes the metrics look better I suppose, but somehow I think Disney is doing a better job with its financial picture by not buying back shares. DIS, to me, deserves a higher PE multiple than HD."

This week Nardelli went down " along with a further $210 million of shareholder money. That makes a half billion in his six year tenure. Think about that for a moment. Here is a mortal human being, with no links to a company, be put in charge, and the company fortunes sag afterwards, but the man, one employee of 300,000 and not a founder or owner, who has personally created no notable wealth for the shareholders, gets to personally seize a half a billion dollars of shareholder capital. That is sick.

And Robert Nardelli was just doing what any other person in America would do if given the chance. He simply got his piece. It is the Board that has to go. All of them. It is a complete disgrace that those people can hang around and "get theirs" too.

Toyota Motor (TM), had a terrible day on Friday, down almost -3.0 pct. And Ebay (EBAY) gave back -2.6 pct on Friday as well.

The Tool Man Cara 100 BDK may or may not be a litmus test for how deeply the U.S. housing market crisis will affect related industries. It all depends on the direction the analyst's axe is being swung. Some analysts even suggest that Black and Decker's problems are of their own making. NOT!

The discretionary consumer spending analyst at BB&T Capital Markets thinks that the boating industry will not be so pleasurable in 2007, or so they say with a not positive report on Cara 100 Brunswick Corp. I'm still waiting for a Sea-Ray 56 Sedan Bridge to be floated to me at about half a mil. (LOL)

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

The Consumer Staples sector ETF (XLP) closed at 26.14, which is a gain of three cents, which makes it a gain of seven cents in seven sessions, closing at 26.14.

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
WMT	47.39	-0.39	-0.82%	2.66%	2.82%	1.96%	-0.34%	-2.11%	0.79%	3.77%
MO	87.15	-0.50	-0.57%	1.56%	1.43%	3.71%	0.74%	11.16%	18.85%	15.69%
PEP	62.95	-0.20	-0.32%	0.10%	-0.52%	-1.90%	0.37%	-2.82%	4.45%	6.01%
BUD	48.80	0.05	0.10%	-0.83%	1.88%	1.06%	-0.85%	3.32%	7.18%	13.15%
KO	48.26	-0.34	-0.70%	-0.88%	-1.05%	0.54%	-0.66%	7.65%	12.18%	17.65%
WFMI	46.63	-0.36	-0.77%	-0.89%	-3.56%	-4.82%	2.53%	-24.73%	-26.88%	-39.44%
WAG	45.50	-0.66	-1.43%	-1.39%	-0.35%	5.42%	-1.24%	4.86%	0.86%	4.41%
PG	63.50	-0.55	-0.86%	-1.43%	-1.38%	-0.02%	-1.61%	-0.03%	13.53%	8.18%
ABV	47.83	-1.26	-2.57%	-2.27%	-2.03%	1.16%	-2.59%	3.22%	15.98%	18.10%
DEO	77.28	-1.77	-2.24%	-2.94%	-0.88%	-0.26%	-2.83%	7.20%	15.02%	30.54%

A week ago I was telling you: "I got a nice Greg Norman Estates 2003 Limestone Coast Cabernet/Merlot, which tastes better than his Maxfli, and my wife told me her New Zealand Mother Clucker Chardonnay was also quite pleasant."

This week, Constellation Brands (and competitors like Diageo) got hammered as the CEO told us the glut of wine from Down Under is killing his European business. Good on you mates. I seem to be buying about a half dozen bottles a week myself. This week I have been enjoying a tasty Aussie Shiraz by the name of Little Penguin along with the "house" wine Yellow Tail. Even, on a newspaper tip, picked up a bottle of 20 Bees, a local product from Niagara.

Budweiser was the only stock that survived Friday's bashing " perhaps there were enough of us who thinking ahead to the weekend. But AmBev failed to sell out (-2.3 pct over five days).

WMT had another good week, but a lousy Friday (-0.8 pct). Seems they are going to try shift management tactics to put staff into stores at the same time customers typically arrive. Given that's what I figure they have always done that " as retailers tend to do " I couldn't get as exercised as old "tomsheepandgoats". Sorry Tom.

But as long as one employee like a Bob Nardelli or a Hank McKinnell can walk away with a half billion over the same time frame that the average Wal-Mart store employee can pull down maybe a solid $80,000, I figure there are bigger screw-ups in labor management practices today than shift management.

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

The IYH healthcare ETF gained 36 cents (+0.54 pct) this shortened week to close Friday at 66.77. Over 5 days, the gain was just +0.15 pct.

Friday, however, was tough on MRK, GSK, AET, and BMY. Blame it on the Democrats?

Actually, blame some of it on Lehman Bros. They downgraded the managed healthcare industry from Equal Weight (Positive) to Under Weight (Neutral, cough-cough), pointing to difficulties in the near-term for the Medicare Advantage program.

Cara 100 AET and former Cara 100 UNH were among the ones knocked down.

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
DNA	83.68	-0.35	-0.42%	4.60%	3.59%	0.19%	2.30%	-0.02%	0.08%	-11.20%
AMGN	71.50	0.16	0.22%	4.46%	1.71%	3.53%	4.53%	-4.32%	9.18%	-9.29%
NVS	59.25	0.27	0.46%	2.63%	0.89%	2.35%	1.91%	1.63%	9.60%	9.72%
GSK	53.96	-0.76	-1.39%	2.51%	2.94%	2.16%	0.28%	0.02%	-2.88%	3.87%
JNJ	66.62	-0.61	-0.91%	0.92%	-0.39%	0.68%	0.33%	2.32%	10.96%	6.90%
BMET	41.59	0.03	0.07%	0.82%	0.53%	7.14%	0.29%	22.87%	33.43%	13.29%
PFE	26.30	-0.08	-0.30%	0.57%	0.38%	5.96%	0.04%	-6.04%	11.06%	7.00%
BMY	26.18	-0.51	-1.91%	-0.42%	2.07%	3.52%	-0.76%	6.77%	3.81%	15.69%
UNH	52.55	-0.36	-0.68%	-1.55%	0.42%	7.51%	-0.04%	3.71%	16.49%	-14.82%
AET	41.40	-0.72	-1.71%	-5.28%	-3.68%	-2.04%	-3.45%	0.58%	6.40%	-11.39%

The biotech group led by DNA and AMGN had a great week. These have been losers, so maybe that was a last ditch attempt to goose them and sell them before the Bear returns.

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

The Financials ETF (XLF) lost -0.54 pct in the shortened week, and -1.6 pct over 5 sessions, closing at 36.54. Like the rest, there was a good sized loss on Friday.

On Tuesday when the U.S. stock market was closed, I noted that the Toronto banks also took a dip. By the end of the week though, it was two Swiss banks that managed to keep their head above water.

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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%
UBS	60.53	-0.55	-0.90%	0.58%	0.30%	0.28%	-1.40%	-0.72%	10.50%	19.96%
HBC	91.45	-0.82	-0.89%	-0.21%	-0.73%	-0.04%	-1.63%	-2.90%	4.75%	10.66%
DB	133.03	-2.37	-1.75%	-0.79%	-0.23%	1.72%	-1.71%	7.30%	19.79%	31.87%
MS	80.86	-1.05	-1.28%	-1.29%	-1.03%	3.69%	-0.93%	8.45%	27.04%	0.00%
GS	199.05	0.20	0.10%	-1.44%	-1.09%	-1.27%	-0.83%	13.42%	31.86%	56.68%
MER	92.00	-0.04	-0.04%	-1.63%	1.34%	3.37%	-1.72%	12.50%	29.76%	35.39%
JPM	47.79	-0.40	-0.83%	-2.37%	-0.99%	1.25%	-0.58%	0.80%	12.69%	20.26%
LEH	76.74	-0.10	-0.13%	-2.43%	0.71%	1.80%	-2.40%	1.25%	17.25%	19.31%
C	54.77	-0.29	-0.53%	-2.91%	-0.83%	8.43%	-0.87%	7.41%	11.75%	12.65%

Credit Suisse had a second solid week. The rest didn't fare too well. JP Morgan and Morgan Stanley got hit on Friday. And Deutsche Bank was down -1.8 pct on the day.

CNBC's Cramer picked NYSE Group (NYX) as his Number 1 Growth pick for 2007, saying that sophisticated technology will help the NYSE eliminate jobs, cut costs, and pretty soon replace all human traders on the NYSE floor. His 3-year forecast is $12 EPS and a Price Target of $240. This one could become a day trader's dream.

Cramer also picked the "Gold"man Sachs (GS) as his second choice for 2007 Value. He also picked Altria (MO) for top pick. For that choice, I guess he is thinking the value will come in a spin-off of Kraft Foods. He can't believe it is going to come in the Humungous Class Action lawsuits the company faces. As you know, the "Gold"man is a Cara 100, but I have zero interest in smoking or class-action lawsuits.

The "Gold"man and JP both cleaned up in the North American corporate finance sweeps 2006, btw.

No Wal-Mart shopping for those managing directors. Did you see the average bonus those people made " I gather it was over $10 million a head. That, my friends, is why you want to go to Wall Street. You bring in the deal, and you execute, and you get rewarded. Good on them.

McKinnell and Nardelli wouldn't be interested. They think money grows on trees, and that shareholders are second class citizens.

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

The semi-conductor ETF (SMH) had another good week, up +0.45 pct over three sessions. Friday, however, SMH went down -1.0 pct to close at 33.85.

Still, over 5 sessions, SMH retained #1 out of 10 sector ETF's.

SNDK had a great day Friday, apparently on the interest of a new flash chip for pc's and laptops. (See my note later on MU.)The Internet stocks picked up as well this week, and CSCO and INTC were solid.

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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
CSCO	28.47	0.02	0.07%	4.21%	3.04%	5.29%	2.63%	18.97%	45.26%	55.15%
INTC	21.10	-0.07	-0.33%	3.43%	2.13%	-0.09%	3.69%	1.64%	12.53%	-19.68%
ORCL	17.64	-0.04	-0.23%	3.16%	3.04%	-6.47%	0.74%	-3.50%	21.07%	37.92%
QCOM	38.69	-0.46	-1.17%	3.01%	0.52%	-0.13%	3.28%	6.70%	1.36%	-14.42%
ADSK	41.93	0.60	1.45%	2.82%	3.38%	0.10%	3.38%	19.25%	22.82%	0.14%
SNDK	43.30	1.09	2.58%	1.60%	-0.57%	-4.27%	3.79%	-22.09%	-10.68%	-37.27%
SAP	53.37	-0.24	-0.45%	1.04%	2.20%	2.18%	0.32%	4.98%	2.52%	11.33%
INFY	55.12	-0.28	-0.51%	0.73%	3.03%	-0.02%	-1.25%	14.76%	43.62%	37.05%
CTSH	77.11	-1.05	-1.34%	-0.76%	-2.12%	-5.22%	-0.84%	2.21%	15.82%	53.33%
ADBE	40.62	-0.20	-0.49%	-2.80%	-2.03%	3.89%	1.75%	6.39%	36.03%	6.70%

There are lots of analyst downgrades coming in the tech sector. I suspect the inventory cycle is leading up to a rash of write-downs, even though business does not appear to be so bad.

Business seems good at Apple (AAPL), and Cramer picked that one as well as Cisco (CSCO) for his 2007 Growth plays along with GS. I really like the Cisco business. With Internet TV and movies and all, the demand for bandwidth and for Cisco products will escalate. CSCO has been a Cara 100 for at least ten years. I'd like to see Cisco take control of Nortel.

As for Apple, there is no stock touted to me more than Apple, and while some of you may call me the teacher, I have no interest in receiving an apple with a worm in it. I'm just waiting for the day that spokespersons for Steve Jobs start pointing fingers at his bean counters for falsifying records of executive options. Look, we all know where the buck starts and stops at Apple " it's the iCon.

I see that American Technology doesn't care for Cara 100 GRMN, calling it a Top Sell Idea for 2007. Thankfully, they do like RIMM, YHOO and ATVI as Top Picks.

And, Nollenberger has initiated coverage on Activision, where they are rating ATVI a Buy with a Price Target of 21, with reasons given here in this link.

ATVI was a great Buy in July, but the run is coming to a conclusion. For a stock like this, you have to recognize the company as an excellent one, and then wait for the stock to come to you. Never chase these stocks on the basis of an analyst upgrade.

Actually, re Activision, despite it being a Cara 100 company, I had a brain cramp back in July when at the bottom of the cycle I listed about 20 tech stocks to buy, and I completely forgot ATVI.

Credit Suisse downgraded Cara 100 INTC to Underperform.

Motorola (MOT) was hammered by sellers after the company announced sales of mobile phones were going to be much lower than anticipated.

JP Morgan figures the same for Cara 100 DELL and downgraded the stock to Underperform.

Cara 100 Micron Tech's subsidiary Lexar has unveiled a newer and better flash drive technology called JumpDrive 360, so keep your eye on MU. Long-time readers know that every time this stock (and SanDisk SNDK) get beaten down, I think it's a great time to buy. I just watch the RSI-7 on the Weekly-Daily-Hourly data. When it gets below 30, write puts and buy say 3 units (say 300 or 3000 shares). Then when the RSI-7 on the Daily-Hourly gets over 70, sell one unit and write covered calls on the others. Ultimately you will get your cost base down, and you will get a sense of how pro traders are trading this stock. SNDK is another.

Long-time readers know how I urged people to consider buying Lexar (LEXR) in the 3's in March 2005. I even told them how to play it all the way to the Micron take-out of LEXR at about $9.50 just over a year later. You know, some of these ideas even work out.

Denver-based investment banker Janco Partners has upgraded Cara 100 ERTS from Market Perform to Buy.

Btw, Janco dropped the "Strong Buy" rating, and now says that "Buy" means a stock identified by the analyst as 20 pct or more undervalued (ie, current stock price is substantially under their valuation of the enterprise).

They rate "Accumulate" as being where the "Company possesses solid fundamentals, above average growth opportunities and/or is expected to outperform the market averages by 5-20% over the longer term. In addition, in the analyst's opinion, there is only a moderate risk of long-term capital loss even if there is potential for short-term trading volatility due to specific event risk."

"Market Perform", Janco says is where "This stock has relative performance potential in the -15% to +5% range with no evident catalyst to allow it to outperform the overall market. Risk in these shares is also perceived to be in line with the market averages."

"Sell" means: "Shares are meaningfully overvalued and are facing the prospect of a negative change in investor sentiment which will generate a relative decline in value of at least 15% over the next 6-12 months."

I am pointing this out because HB&B is failing the customer when they use vague and ill-defined ratings, "code" words, and "whisper" numbers and the like. The SEC ought to put the hammer down and DEMAND that the NASD formulate a precise rating system for required use by any and all members.

A financial service is not about the provider; it's about serving the customer right. But somehow, arrogance has gotten in the way and some of these firms figure they can get away with a wink, wink, nudge, nudge type of communication. The customer needs and expects better.

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Sector 50 (telecom: IYZ, VOX and IXP)

The U.S. telco sector ETF (IYZ) lost 45 cents (-1.5 pct this week) to close at 29.20. It was down -1.1 pct over the past five sessions.

AT&T (T) and Verizon (VZ) were no longer smoking. A week ago I asked: "When does the candle dim?" This past five sessions, T has been down -4.1 pct. On Friday T dropped -1.6 pct and VZ -1.7 pct.

Somebody once asked me why I would pick the People's Telephone Company, China Mobile (CHL), as a Cara 100. Comrades, let me tell you. The world's second largest Internet market is their oyster, and they have the foresight to deal with companies like Google.

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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 -1.7 pct in three sessions and -2.3 pct over five. XLU closed at 36.11.

A week ago I said: "I think excess money is driving the prices of the utilities higher, just like the telco services sector. I don't see a significant improvement in the operating or financial summary metrics to warrant such high market prices; But I have been saying that for some time!"

Yes, once the banks tighten credit, I believe that all these sectors will be looking lower for several weeks.

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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 was a good week for U.S. Treasury bonds as the yields dropped by -10 basis points (bp) on the 30-year and 5-year paper, and by -8 bp on the 10-year.

As the T-Bill yield stayed flat at 4.88 pct, the yield curve dipped gain.

A week ago, with bond prices down a lot, I warned: "Another factor, of course, is the year end distributions, which are knocking the prices down, so be careful not to overlook that when you see the prices rally in the first couple days of 2007."

This week coming may now see bond prices stay fairly flat until there is more economic data out that suggests a green or red flag at the Fed.

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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	4.88	4.87	4.84	4.83
6 Month	4.87	4.85	4.82	4.83
2 Year	4.72	4.67	4.78	4.56
3 Year	4.65	4.60	4.71	4.47
5 Year	4.62	4.57	4.65	4.43
10 Year	4.63	4.58	4.68	4.47
30 Year	4.72	4.69	4.79	4.58

Municipal Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	3.57	3.52	3.51	3.47
2yr AAA	3.50	3.53	3.58	3.40
2yr A	3.60	3.58	3.56	3.44
5yr AAA	3.57	3.57	3.62	3.45
5yr AA	3.55	3.56	3.64	3.40
5yr A	3.64	3.63	3.67	3.59
10yr AAA	3.63	3.65	3.89	3.56
10yr AA	3.61	3.64	3.71	3.63
10yr A	3.93	3.96	4.19	3.49
20yr AAA	4.16	4.18	4.24	4.13
20yr AA	4.04	4.07	4.33	3.98
20yr A	3.93	4.09	4.04	3.95

Corporate Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	5.04	4.98	5.11	4.86
2yr A	5.13	5.08	5.20	4.92
5yr AAA	5.06	5.03	5.11	5.19
5yr AA	5.13	5.09	5.17	4.93
5yr A	5.20	5.16	5.23	4.99
10yr AAA	5.18	5.07	5.30	5.08
10yr AA	5.32	5.33	5.42	5.19
10yr A	5.43	5.37	5.47	5.26
20yr AAA	5.68	5.71	5.76	5.06
20yr AA	5.76	5.79	5.84	5.68
20yr A	5.82	5.85	5.90	5.71

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Interactive Chart of Interest rates and bond yields.

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The TLT had a solid gain on Friday, but I don't think yields are going to drop again here in the next few days. There are too many cross-currents to call a move one way or the other for U.S. bonds or the Dollar.

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
TLT	89.22	-0.36	-0.40%	0.59%	-0.47%	-2.12%	0.17%	0.02%	7.18%	-2.94%
AGG	100.03	-0.09	-0.09%	0.19%	-0.41%	-0.86%	0.12%	0.13%	3.22%	-0.84%
TIP	99.11	-0.19	-0.19%	0.18%	-0.49%	-2.27%	-0.12%	-1.56%	0.69%	-3.54%
SHY	80.04	-0.08	-0.10%	0.06%	-0.17%	-0.32%	0.00%	-0.17%	0.89%	-0.36%
IEF	82.71	-0.24	-0.29%	0.05%	-0.55%	-1.32%	0.04%	-0.41%	3.80%	-1.62%
CFC	42.59	0.18	0.42%	-0.40%	4.06%	3.45%	1.14%	16.53%	12.14%	19.27%
FNM	59.57	-0.29	-0.48%	-1.13%	-0.87%	2.83%	-0.48%	3.74%	21.45%	12.02%
FRE	66.91	-1.02	-1.50%	-2.45%	-2.18%	-1.95%	-1.44%	-0.12%	15.50%	1.00%

Fannie (FNM) and Freddie (FRE) had a bad day Friday, along with the rest of the market in New York.

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

Speaking of bad, the Commodities Index plunged -16.15 (-5.3 pct) from 307.26 to 291.11. The drop on Wednesday and Thursday came with the plunging oil price, which is the heaviest weight in this index.

The index is now well below the 50-day Moving Average (309.96), and the more important 200-d MA (328.44).

A couple weeks ago 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."

A week ago I wrote: "This week the $CRB index lost a bit because of falling Crude Oil prices. That may continue to happen as supply outstrips demand, as the U.S. economy heads toward recession."

Interactive Chart of Weekly CRB Commodities Index:

Interactive Chart of Daily CRB Commodities Index:

Btw, there are now seven new commodities-based funds trading on the AMEX. The capital markets are getting better every day.

Really, there is no longer a need to buy mutual funds. Find yourself a trading advisor who will help you trade in securities, and forget those mutual fund products.

Although you may disagree, my late Dad taught me a lesson when he said rhetorically: "Why would anyone ever walk into a store and ask the salesman what he needed?"

Yes, we need to buy things, but we don't need them sold to us.

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Oil:

$WTIC has dropped -$6.78/bbl in three weeks. Copper too is plunging.

With the $WTIC two weeks ago at 62.41, I wrote: "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."

How time flies, and technical support levels fail to hold. On Friday, $WTIC closed at 56.31, down -4.7 pct over three days. And it was up +1.3 pct on Friday too! Is there another Amaranth lurking here?

The 50-Day Moving Average is now 60.71, while the 200-Day MA is 67.35.

Interactive Chart of Weekly Crude Oil:

Interactive Chart of Daily Crude Oil:

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Gold:

$GOLD dropped -31.10 (-4.87 pct) to $606.90. The 50d MA is at 628.74 and the more important 200d MA is at 620.81, which seems strange in these MA's gained while the gold price collapsed. But, I have no time to check calculations. I just report the numbers on the charts and keep manual records also.

It seems that gold was hammered, and it was, but compared to oil, the precious metals were absolutely aglitter.

When in trouble, you have to look for the silver lining.

Hopeful, this doesn't get worse.

The bad jokes AND the PM prices.

In any case, I think the $600 level held. But by midway through Friday morning, it was real bad. Then I saw something shining. It happened to be Crystallex, which is gold, and Silver Wheaton, which is, of course, silver.

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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 dropped -0.22 (-1.66 pct) to close at $12.72, which wasn't too bad. The highlight was Friday, which was only down -0.9 pct versus gold which dropped -3.1 pct on the day. There's that silver lining.

The 50-day MA $SILVER is now 13.07 and the 200-day MA is 12.20, which like Gold has MA calculations that have lifted even though the price dropped so much.

I'm going to watch SLW and PAAS. I like them both.

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 dropped -31.40 (-2.75 pct) to 1111.30.

The 50-Day MA for $PLAT is now 1142.96 and the 200-Day MA is 1175.06, so maybe somebody can check the calculations done by StockCharts.

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 had a losing week, down -3.02 (-0.89 pct) to close Friday at 335.53. But Friday itself, $PALL dropped -3.0 pct.

The 50-day and 200-day Moving Averages for $PALL are shown as 329.97 and 334.80 respectively.

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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In four weeks, $COPPER has plunged about -65.00 on the 2,000 lb contracts, including from a Friday close at 311.20 to 253.50 this Friday. Amaranth No. 2 coming up?

This week, $COPPER dropped -33.60 to 253.50.

This week, $COPPER eked out a gain of +1.70 (+0.60 pct W/W) to close at 287.10.

The 50-day MA is shown as 311.36, and the 200-Day MA is 327.84.

A month ago, 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; Yes, the writing has been on the wall. I don't see $COPPER returning to a bullish trend ie, above the 200-d MA until the U.S. economy (housing and durables manufacturing) gets healthy again."

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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

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
LIHRY	40.75	0.34	0.84%	0.02%	-10.54%	-7.20%	17.50%	0.59%	-13.85%	70.64%
ABX	29.50	-0.13	-0.44%	-3.56%	-3.94%	-4.68%	-1.11%	0.61%	-1.73%	0.85%
NEM	43.65	-0.35	-0.80%	-3.96%	-7.58%	-7.44%	-1.24%	4.35%	-20.77%	-22.96%
BVN	26.64	-0.69	-2.52%	-4.00%	-2.63%	-5.43%	-3.51%	6.35%	-3.48%	-11.11%
KGC	11.10	0.26	2.40%	-4.64%	-7.35%	-12.53%	-2.80%	-7.35%	1.00%	13.50%
GFI	17.34	-0.22	-1.25%	-8.11%	-6.37%	-8.50%	-5.40%	-3.93%	-25.10%	-7.07%
MDG	25.34	-0.23	-0.90%	-8.49%	-11.77%	-15.81%	-3.61%	4.88%	-18.23%	2.18%
GG	25.67	-0.77	-2.91%	-9.23%	-9.10%	-15.81%	-6.11%	16.21%	-17.25%	7.54%
AEM	37.44	-0.35	-0.93%	-9.30%	-11.34%	-16.22%	-3.80%	24.88%	10.38%	74.79%
AUY	11.65	-0.22	-1.85%	-9.69%	-10.59%	-12.21%	-5.52%	37.38%	16.62%	58.72%

This week, the group got knocked down, which reflects the loss of 31.10 this week. Remember, there had been an increase of 18.90 in $GOLD over the prior two weeks, so $GOLD is down but not out. A week ago Friday, I noted that "prices were mixed, as the $USD gained some strength. Yamana Gold and Goldcorp had solid moves".

And, as the $USD continued to strengthen this week, $GOLD plummeted. Yamana and Goldcorp dropped -9.7 pct and -9.2 pct respectively, and Agnico-Eagle was down -9.3 pct over the past five sessions.

Over four weeks, the table here shows the damage done to this group. I believe that pullback is now over, but the $USD must weaken here or else there will be another test of $600 gold, and another round of selling of the gold shares.

I also think there ought to be a law against the Fed selling off the nation's gold reserves without full disclosure. But you know that already, don't you?

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 RGLD GOLD CDE GRS
Interactive 15-minute data
Interactive 60-minute data
Interactive Daily data
Interactive Weekly data

CBJ SSRI SIL NG KRY UXG GRZ 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
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 were hammered this week, which is their fourth bad one in five. This week, these indexes got "creamed" as $XAU, GDX and (TSE's) XGD were down on the week -6.47 pct, -6.74 pct, and -6.02 pct respectively.

The $XAU index, currently at 133.04, is now BELOW both the 50d-MA (139.90) and 200d-MA (140.12). That's bearish.

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

The $USD closed at 84.66, a gain of +1.18 pct W/W. I suspect Fed intervention.

The following data requires your attention M3 update as of 1/05/2007. Please do not gloss over the information it contains.

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The $USD 50-Day MA is 84.29, and the 200-Day MA is 85.68, so the current price (84.66) is still technically long-term bearish.

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) lost a lot on the week -1.37 pct W/W, closing at 130.11. Now that the test of 130 support, which had been expected, is complete, I believe the Euro is going to test technical resistance at 132.18, which is the prior Daily price data cycle high (see stockcharts.com chart).

The British Pound was also weak, down -1.35 pct W/W to close at 193.05.

The JPY gained this week, after 15 session down days had dropped the Yen to 83.99. This week the Yen bounced up to 84.28 (+0.35 pct), which immediately took the bloom off the Toyota rose. The Japanese exporters and auto makers like Toyota (TM) need the support of a falling Yen. They also need more cash in the pockets of U.S. car buyers.

A week ago I forewarned: "I don't think the falling Yen or the rising Toyota share price is sustainable, at least nowhere near this rate." So as the Yen rallied on Friday (+0.41 pct), Toyota was painted red, losing -2.4 pct in New York on the day.

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:

The CAD dropped -0.73 pct W/W to close down at 85.18.

The CAD has been dropping mostly because the U.S.-sensitive economy suddenly hit the wall, close to recession numbers, because of econ problems in the U.S., hurting exporters, and damage to inbound tourism with this idiotic requirement to force elderly people to spend hundreds of dollars on a passport so they can enjoy a bus trip to Casino Niagara on the Ontario side. The ad weather has also hurt the Eastern Canada ski operators. So with a falling CAD, it won't be long before passport-laden Hollywood stars venture north to make movies again

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International Equities Review

There has been an unsettled picture in the international markets to start 2007. Most of the equity markets suffered a trouncing.

So, the BRIC seems to have hit the fan as it were.

This week, the Templeton Russia Fund (TRF), which a week ago was down -3.8 pct, was down -14.1 pct from 87.30 to 75.00. Friday's loss was -7.2 pct. No laughter there. Two weeks ago, TRF was 91.29.

The NYSE-listed closed end FXI fund for China dropped -5.7 pct on Friday alone as well. No laughter there either.

And the India Fund (IFN) dropped -7.85 pct in the past five sessions, including a loss of -2.61 pct on Friday. As "mSquare points out, the National Stock Exchange of India or the older Bombay Exchange did not decline on the week nearly to the extent of the IFN. "mSquare" recommends we follow INP, which is a recent ETF, the iPath MSCI India Index.

And the "B" in BRIC is Brazil, so that one too was smashed this week. The EWZ (Brazil ETF in New York) dropped -3.54 pct on Friday alone, and -4.67 pct in the past five sessions. Of course, in Brazil's case, maybe the Administration is sending mixed messages to the private sector?

So, yes, the BRIC did hit the fan, even worse than $GOLD and $SILVER as you can see, so please don't cry for me;.

A week ago, in referring to the BRIC, I wrote: "These extreme moves on the upside are unlikely to continue should there be any central bank tightening. If there are moves higher like that in the BRIC markets (Brazil, Russia, India and China), then Gold will soar."

So, I feel strongly about this; unless the global equity market is to crash at this point, which I doubt, the central banks will try to keep things afloat by printing a little more money, rather than a lot; but, at the first sign that the purse strings are loosened once again (which I think will be the case when the stock market looks like it will tank), I think precious metals will fly. And, yes, I think it will start to happen this quarter.

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
QQQQ	43.85	-0.21	-0.48%	1.20%	0.00%	-1.28%	1.41%	5.66%	14.94%	4.60%
IEV	103.45	-1.55	-1.48%	-1.10%	-3.06%	-1.34%	-2.04%	5.89%	14.18%	23.23%
SPY	140.54	-1.13	-0.80%	-1.38%	-1.18%	-0.96%	-0.59%	3.97%	10.60%	10.33%
EWJ	13.98	-0.37	-2.58%	-1.41%	-0.14%	-0.14%	-1.55%	0.87%	4.17%	0.00%
EWU	23.05	-0.45	-1.91%	-1.87%	-5.03%	-3.44%	-2.12%	4.02%	10.29%	19.62%
EWC	24.28	-0.04	-0.16%	-3.84%	-4.93%	-7.43%	-1.70%	2.36%	1.76%	8.39%
EWZ	44.47	-1.63	-3.54%	-4.67%	-3.62%	-3.45%	-4.78%	11.73%	15.60%	23.87%
FXI	105.95	-6.35	-5.65%	-5.38%	3.95%	7.89%	-8.98%	27.80%	39.52%	64.16%
IFN	42.99	-1.15	-2.61%	-7.85%	-5.14%	-10.44%	-5.18%	-2.63%	-5.08%	0.21%
TRF	75.00	-5.81	-7.19%	-12.03%	-11.55%	-6.25%	-15.30%	11.86%	8.15%	38.89%

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Japanese equity market ETF: EWJ

Japan's EWJ (which is a USD-denominated NYSE-traded ETF) lost -1.62 pct W/W to 13.98. The loss on Friday was -2.58 pct, so it was more than the BRIC that hit the fan.

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) had a loss of -1.54 pct W/W to close Friday at 23.05. The loss on Friday alone was -1.91 pct.

For all the ETF's, you can go to the Yahoo Finance site to look into the highest weighted component issues to see the stocks and sectors that moved the worst.

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 -4.11 pct in the past week to close at 24.28.

So there you have it: Canada, UK, Europe (S&P 350 for Europe [IEV] down -1.5 pct on Friday alone), Japan and the BRIC all smashed. And as you will see, the U.S. Russell 2000 Small Caps down -1.8 pct on Friday too.

So, welcome 2007. The Bears are glad to see you.

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).

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U.S. Equities Review

All the broad market indexes in the U.S. were down this very short week.

The S&P500, DJIA, and Russell 2000 small cap index were down -0.61 pct, -0.52 pct, and -1.50 pct respectively. The Nasdaq Composite actually gained +0.78 pct over the three days, but after Friday's loss (-0.78 pct), I'm wondering what's going to happen there next week.

A week ago I wrote: "Speaking for the private sector, 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." Well, except for an incredible pump job on the Semi's, Internet stocks and Biotechs on Wed and Thurs, which fizzled Friday, I think that plug was pulled.

The Cara mantra: Remember, we trade prices. Watch the tape. Watch the technical support.

Yes, we really have to watch them this week, especially overnight Sunday as the returns come in from Asia-Pacific markets and then from Europe. Oh, the Bulls and the Fed and the rest of the U.S. Administration will not go down without a fight.

We have to watch the U.S. Treasury yields to see if Bernanke's new head trader (that economist from the "Gold"man Sachs) is pulling an all-nighter. We'll know if those treasury yields plummet because that will mean the Fed is liquifying the system once again by buying the banker's bond portfolios and giving them cash to use at explosive fractional reserve rates to lend to market traders. And we'll know on Monday by the size of the institutional block size on the NYSE, which would be the People's money at work courtesy of Messrs Bernanke and Paulson.

By Thursday morning, we'll know the policy decisions of the Bank of England and the European Central Bank. Should either or both raise, that will put more pressure on the $USD.

At this point in the cycle, the economies should be in a healthier state. It could be that all these central banks decide to do nothing and let the free market take care of the next move. They would not have to tighten if the equity markets start to fold here. In fact they will be getting calls to loosen those purse strings.

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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
INTC	21.10	-0.07	-0.33%	3.43%	2.13%	-0.09%	3.69%	1.64%	12.53%	-19.68%
WMT	47.39	-0.39	-0.82%	2.66%	2.82%	1.96%	-0.34%	-2.11%	0.79%	3.77%
MRK	44.30	-0.81	-1.80%	2.14%	1.82%	-2.40%	0.64%	6.95%	20.74%	33.51%
MO	87.15	-0.50	-0.57%	1.56%	1.43%	3.71%	0.74%	11.16%	18.85%	15.69%
HPQ	42.20	0.52	1.25%	1.44%	4.38%	5.74%	1.39%	11.52%	28.78%	43.54%
JNJ	66.62	-0.61	-0.91%	0.92%	-0.39%	0.68%	0.33%	2.32%	10.96%	6.90%
VZ	37.38	-0.65	-1.71%	0.65%	1.96%	8.10%	-1.16%	1.27%	12.29%	18.18%
HD	39.79	-0.78	-1.92%	0.58%	0.38%	1.07%	-3.12%	6.79%	11.99%	-0.72%
PFE	26.30	-0.08	-0.30%	0.57%	0.38%	5.96%	0.04%	-6.04%	11.06%	7.00%
IBM	97.42	-0.89	-0.91%	0.33%	1.48%	3.11%	0.15%	17.49%	25.27%	18.08%
BA	89.15	-0.38	-0.42%	0.30%	-1.13%	-1.74%	-0.02%	6.61%	11.20%	26.76%
UTX	62.68	-0.19	-0.30%	-0.41%	0.32%	-3.15%	-0.21%	-4.80%	-1.83%	11.97%
GE	37.56	-0.19	-0.50%	-0.61%	-1.18%	6.49%	-1.08%	3.50%	12.76%	6.61%
KO	48.26	-0.34	-0.70%	-0.88%	-1.05%	0.54%	-0.66%	7.65%	12.18%	17.65%
DIS	34.19	-0.28	-0.81%	-1.01%	-1.89%	-0.03%	-0.03%	10.04%	13.70%	40.07%
GM	30.24	0.60	2.02%	-1.14%	3.28%	0.33%	2.68%	-8.72%	2.79%	47.37%
MSFT	29.64	-0.17	-0.57%	-1.27%	-1.17%	1.75%	-0.74%	6.08%	26.94%	9.82%
MMM	77.42	-0.53	-0.68%	-1.34%	-0.88%	-3.90%	-1.07%	1.98%	-3.89%	-0.73%
PG	63.50	-0.55	-0.86%	-1.43%	-1.38%	-0.02%	-1.61%	-0.03%	13.53%	8.18%
AIG	71.18	-0.33	-0.46%	-1.54%	-1.45%	1.25%	-1.34%	5.86%	19.95%	1.96%
HON	44.65	-0.43	-0.95%	-1.61%	0.68%	3.05%	-1.00%	4.40%	12.44%	19.74%
MCD	43.54	0.00	0.00%	-1.78%	-1.02%	1.85%	-0.75%	9.40%	28.97%	28.59%
CAT	60.22	-0.78	-1.28%	-2.03%	-2.11%	-3.11%	-1.54%	-11.75%	-17.65%	1.60%
DD	48.05	-0.64	-1.31%	-2.32%	-2.12%	2.21%	-2.02%	10.66%	15.59%	12.42%
JPM	47.79	-0.40	-0.83%	-2.37%	-0.99%	1.25%	-0.58%	0.80%	12.69%	20.26%
C	54.77	-0.29	-0.53%	-2.91%	-0.83%	8.43%	-0.87%	7.41%	11.75%	12.65%
AXP	59.13	-0.79	-1.32%	-3.96%	-3.93%	-1.20%	-2.04%	4.38%	12.63%	12.63%
T	33.96	-0.54	-1.57%	-4.12%	-2.94%	-2.08%	-2.83%	6.36%	21.72%	36.11%
AA	28.76	-0.35	-1.20%	-4.20%	-5.64%	-6.74%	-1.94%	4.32%	-12.42%	-5.11%
XOM	73.24	0.52	0.72%	-4.83%	-4.87%	-6.17%	-1.17%	8.79%	17.09%	25.67%

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 comments:

Value Line published reports this week on Home Depot and Procter & Gamble. Unfortunately the analyst's deadline missed the firing of HD Chairman and CEO Robert Nardelli, and his termination package that totalled an obscene $210 million.

(HD: Value Line Report Jan. 5)
(PG: Value Line Report Jan. 5)

HD has been in a race to increase EPS growth, and Dividends growth, so the company recently borrowed $5 billion to use for open market purchases of $3 billion in stock (~4 pct of the total) and a debt swap of $2 billion. The share total is already down over 16 pct since its peak in 2001, which has helped boost per share metrics.

Nevertheless, traders have not been fooled, and have switched to shares in Lowe's (LOW), which have far out-performed HD since Nardelli's hiring. But, interestingly, it was Nardelli's extreme compensation that made him the story at HD, not the disappointing operating performance, and that is why he was fired.

Nardelli was a proven operations manager at General Electric. On his arrival at HD, he was going to take from the Board what he could get. From what we know today, it was part of the corporate culture at the time he got there. It was in December 2006 that HD announced that they had an options back-dating problem dating back 19 years from 2000 to 1981.

As I see it, this latest crisis was a failure of the HD Board of Directors from the get-go.

I will now be replacing HD in the Cara 100 with Costco (NDQ: COST), and withholding further comment on the company at least until we see what Board and executive management changes are forthcoming.

The stock is a different matter.

From the Value Line paper, the EPS for the current quarter ending January is estimated at $0.52 and the next quarter is $0.76 est., for a 4 quarter total EPS of $2.91. But with Nardelli's termination package and the new CEO's hiring package factored in, there is likely to be a decline in EPS from the prior 4 quarters, which were $2.84. So to poke some fun, HD has been more floor-covering than garden center.

During the turmoil expected facing the uncertain future of this company in the midst of a broad-based Bear market, should that occur, and the possibility of inventory write-downs in a new regime wishing a fresh start, there is a possibility the HD shares ($39.79) could drop to say $30-$33. If so, that would probably be within an Accumulation Zone, and I'd be a buyer with a 12-month Price Target of $53 (ie, 16x$3.30e '07), which would be a gain of about +66 pct. The company is strong financially, and has a good business model (even if I don't like the presentation and service in the stores), so if I had to wait a couple years to get that kind of share performance, I'd be happy.

As you can see, I'm prepared to wait until the market comes to me. But, when HD's fortunes are pinned to a robust housing market, robust consuming spending for major home renovations, and product cost containment, all of which are under stress, why be in a rush to buy shares?

From Atlanta up Highway 75 to Cincinnati, a trip I've done at least 100 times, sits Proctor & Gamble, which is a true Cara 100. No nonsense here " just solid year over year over year growth in revenues, earnings, cash flow and dividends. Solid operating margins and profit margins. Very sound balance sheet. A CEO who is not a member of the CNBC stock promotion crowd. Brand names all of us buy every day, all around the world.

Like a new Duracell battery, PG is fully-charged. It is one of the easiest stocks to manage in your portfolio.

Periodically, PG shares will get over-bought and you can write covered calls. Then, when the shares get over-sold, you can write puts. You take those premiums plus the growing dividends into your account to help your performance. Then periodically, the market will take stock off your hands or put it to you at ridiculous prices at both extremes.

At the end of the day, which never comes by the way, you have a lowered adjusted cost base and a rising cash on cash return that beats commercial real estate, with much greater liquidity and (in my view) less risk.

For new players, let's say you could buy the stock ($63.50) at 58 or better in a broad market down draft. Your 12 month forward dividends would be say $1.30 (ie, at least +2.25 pct current yield), and your 12-month Price Target would be say 69 (ie, $3.14e x 22). That's a low risk gain of over +21 pct. In my books, that is a solid annualized return for a company like P&G.

Moreover, if you thumb through the annual highs and lows across the top of the chart on the Value Line report, you'll see plenty of opportunity each year to buy at low prices (or to write puts).

This past year has been a consolidation period for the Gillette acquisition. Per share earnings and cash flow were diluted, but margins improved. I believe that in 2007, P&G's operating margins will set a record high 24 pct, which is a very good thing.

Next Friday, the Dow tech stocks MSFT, IBM and HPQ will be reviewed by Value Line, as will GE.

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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 Dec. 29: next one is due Mar. 30)

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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 Jan. 5: next one is due Apr. 6)

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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 Jan. 5: next one is due Apr. 6)

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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 Dec. 29: next one is due Mar. 30)

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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:

Maybe 2007 will become a year of shareholder activism. The cases like Enron, WorldCom, Grasso, McKinnell, Nardelli; are mounting. Yes, I wrote a lot about Nardelli today, but I have right from early on when this transparency problem started to mushroom (Do you like the pun?).

Now it is up to the owners and managers of capital to put these Gnomes and their pimp Bankers in their rightful place.

Enough with the Old Boys Club. We need social equity. We have to get ours too.

Hopefully, we'll see some of that activism at work at the next Home Depot AGM. We might even get to refer to that one as a Special Meeting " the first time a Blue Chip Company fails to get a quorum to elect its Board.

Wouldn't that be something!

Enjoy your day. Wherever you are in the world, I have a feeling we are on the same page.

Oh btw, we poured that "20 Bees" down the sink! Rot-gut Ontario Red -- best used for cooking wine. Just goes to show that newspapers (like bloggers) don't always print the truth! (LOL)

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BCara@BillCara.com