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Global Market Summary

International Equities: A week ago, amid widespread concerns a new Bear phase had started, I wrote here, “Traders are concerned that a ‘sea change’ might be underway. That depends on your timeframe. I think global traders still have many weeks yet before walking the plank.” This week, at least, the int’l equity markets were strong. Shanghai, in fact, lifted +5.62 pct!

U.S. Equities : The broad US market indexes turned very strong led by the commodity-price sensitive market segment plus Utilities and Technology. The Consumers, Telcos and Financials lagged. Traders were aggressively buying stocks higher at the end of the week.

Dow 30 : The DJIA moved from 13424 back to 13639, close to the level it had been two weeks ago (13,668). A week ago there were 25 Dow components down. This week there were 22 up.

U.S. Sector ETFs: A week ago ten of 10 US sector ETF’s were down. This week only Cons. Staples (XLP) dropped, but only by two cents (-0.07 pct). It was almost like two weeks ago when 10 of 10 gained. Quite a see-saw, but rotation has clearly been favoring the Energy, Materials an Industrials segment.

First segment: most influenced by global commodities, forex and capex spending
10: Energy (XLE): #1 (+4.5 pct); Charge led by +5.8 pct higher $WTIC
15: Basic Materials (XLB): #5 (+1.7 pct); Copper was red hot metal
20: Industrials (XLI): #4 (+2.0 pct); Strong US industrial-military complex
Second segment: most influenced by U.S. consumer spending and economic growth
25: Cons. Discretionary (XLY): #6 (+1.2 pct); Whirlpool up; JCPenny down
30: Cons. Staples (XLP): #10 (-0.1 pct); Beer (ABV) & booze (DEO) held up
35: Healthcare (IYH): #7 (+0.9 pct); BristolMyers (BMY), Amgen (AMGN) up
Third segment: most influenced by U.S. interest rates and general economic health
40: Financial (XLF): #8 (+0.7 pct); Lehman (LEH) up +6.6 pct; GS quiet
45: Tech (SMH chips): #2 (+4.1 pct); Up +2.1 pct Fri, led by Intel INTC
50: Telecom Service (IYZ): #9 (+0.0 pct); T & VZ not helping again
55: Utilities (XLU): #3 (+3.0 pct); a recovery rally or dead cat bounce?

Bonds: US Bonds rallied Friday. Unfortunately, they were smashed again the rest of the week. Traders are now being told by spin doctors that falling bond prices do not have to stop equity prices rising. The only way that can happen is (i) economic growth kicks into high gear, aiding the Industrials, and (ii) commodity price-sensitive beneficiaries (Energy, Materials, Gold) rally faster than the interest rate-sensitive stocks (lending banks, bond-heavy insurance, and debt-laden utilities) fall. Such conditions are usually referred to as the speculative (and bull cycle closing) phase of the equity market.

Commodities: A week ago I wrote here, “$CRB may have crashed in price this week thanks to an inside heist by HB&B, but the values are still there, and I believe the selling was overdone. $CRB dropped -2.04 pct on Friday to pull the week down -2.10 pct.” This week, $CRB jumped +11.79 (+3.83 pct) to 319.30. Do you recall me saying there was no way that commodity prices dropped over 2.0 pct in a single day? That was a set up for a sling-shot rally to kick-start the summer buying.

Oil & Gas: A week ago, I noted that the media was screaming that Crude oil had dropped from 65.08 to 64.76. I wrote “No big deal”. This week, $WTIC jumped +3.78/bbl (+5.8 pct). I am now wondering if a new inflation reality will lift it to a 65-75 range, which would be consistent with the $USD that I believe is ready to fall.

Gold: A week ago, I wrote, “$GOLD was hammered -26.60 (-3.9 pct) and the goldminers index ($XAU) was down -4.9 pct. Mostly this happened in one day – Friday --. Next week will be different.” Voila, $GOLD gained +4.83/oz and $XAU was up +4.0 pct.

Goldminers: I warned a week ago, “The $XAU hasn’t moved much over two weeks, but scared traders are agog over Friday.” This week, Tuesday at 1:30pm to be exact, there was a change in equity markets as the rally in Energy, Tech, Industrials and Materials began. Now you can call this a CAPEX inspiration, but I think it was the Paulson Pride thing. As long as it goes, traders will be able to ride the goldminers and the penny stocks higher.

Forex: The $USD did even less this week, but, once again, it did strengthen. This week, however, the Yen and the Canadian Dollar weakened (the Yen actually plunged), and the Euro and Pound strengthened. I think that next week we’ll see the $USD start to weaken and the Canadian Loonie join the Euro higher. I’m not so sure about the Pound.

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International Economics Review

US Economic Calendar for next week

Econoday Weekly International Report

Econoday report on the US Consumer Price Index CPI

Econoday report on US Producer Price Index PPI

Econoday report on US Industrial Production for May 2007

Econoday report on U of Michigan Consumer Sentiment index

Econoday report on Treasury Int’l Capital’s report of US international capital flow

Econoday report on 1Q07 net US int’l trade balance and capital flow

Econoday report on US retail sales for May 2007

Econoday report on US business inventories for April 2007

Econoday report on US imported goods prices for May 2007

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Sector ETF Summary

The tables I show are for ten (GICS) Sector Index Funds (ETF’s) only.

Nine of the ten sector ETF’s I follow here were UP this week. Two weeks ago, all ten were up, but a week ago, all ten dropped and traders became scared that maybe a new Bear phase had started.

It is important to me that I repeat the following.

After a trashing a week ago, I wrote, “But, a trading week usually has five days. And along came Friday and all ten of my sector ETF’s were UP. So where are we? Where we are is that some traders are saying, “We can’t time markets,” and that is a pile of rubbish. Would you rather just turn your capital over to the Sell-side, and let them have their way with you? I suggest that people who talk silliness either do not yet understand capital markets or they don’t have a grip on themselves. For that reason, and thinking ahead fearing I would hear such talk, I decided to step up to the plate and, once again, try to use the market as a laboratory where I can teach and some people can learn. On Friday morning, following three solidly down days, and with no signs of a reversal in sight, I wrote, “Is there a sea change in capital markets underway today? Yes, but not in the way most people think when they look at red arrows popping up all over computer monitors. That is a temporary, and fleeting phenomenon, which will be shortly resolved by even higher prices of stocks and bonds… I am writing this today because I believe the equity and debt markets will soon recover this recent piece of nastiness that followed a crack in the Shanghai stock market to begin the week, just like what happened a couple months ago… I sat back and looked at what’s happened to put the stock market into the position it’s in today…And sure enough, later on Friday, traders started to get a grip. Crude oil dropped -3.24 pct, Gold dropped -2.24 pct and the Commodities Index dropped -2.04 pct IN A SINGLE DAY. And the US broad market moved up like it was being elevated by some Supreme Being. Now I don’t want to get into religion or politics here, but when traders in a thoroughly agitated market see the four major market indexes of the US (NASDAQ, S&P500, DJIA and Russell 2000) move up +1.27 pct, +1.14 pct, +1.18 pct, and +1.21 pct in a day – how conveniently consistent – they figure the books are being cooked. And they are, which is what I have been saying for years. Markets move when the Gnomes and HB&B want them to move, for reasons they have agreed to in quiet boardrooms and secure phones. There is no transparency in capital markets when the biggest players, including the Treasury Secretary and the Fed Chairman, are pulling the strings without disclosing their intent or their rationale. Does this mean that We The People cannot use the capital markets to our advantage in protecting and building our wealth? Not at all. In fact, because we individually have so relatively little wealth, we do not have the problem that movers and shakers have. We can counter every move that large capital pools make. But, first we have to stop listening to their Talking Heads and stick to prices. It is a simple theorem in markets that prices revert to the mean. So, when price motion becomes extreme in one direction of another, we can use tools like Relative Strength Index (RSI) and Moving Average Departure Analysis (my words for MACD) to tell us when the price cycles are reaching maximum amplitude, statistically speaking. All then we need to understand is that, because traders are statistically segmented along the risk scale from very conservative to high risk-taking, there are different cycles at work, which we can track by using monthly, weekly and daily price series in our numerical analysis. And that is all I try to say. Market timing is, like my color blindness, a matter of degree… You don’t have to be 100 pct accurate in your market timing to adequately manage your wealth. In fact, statistically speaking, you will never be 100 pct accurate. If you can be just 60 pct or 66 pct accurate and manage to keep your average losses smaller than your average gains, you will outperform (an educated guess) probably 95 pct to 98 pct of all professional capital managers. Has nobody ever explained this to you or do you just not believe it? If it is the latter, I’ll give you proof… Pick good quality companies and buy their shares only at the cycle bottoms and sell only at the cycle tops; avoid debt, which often forces you to sell at a disadvantage; and trade within you emotional and financial resources and needs. It is that simple… No amount of spin by Talking Heads, or manipulation by movers and shakers, or exogenous events like weather, should ever take you off your wealth management plan. As I say, from Tuesday to Thursday this past week was nothing but a blip on the radar screen. We had another one a couple months ago. Maybe we’ll have another one in a month or two. And, if you follow my traders Rule #1, which says if you ever feel uncomfortable with capital at risk, you close the position, you will avoid financial loss and heartache. You may miss the top 5 or 6 pct of a cycle – at tops and bottoms – but you will consistently outperform the large majority of people who call themselves wealth management experts.”

This week, with the exception of a two-cent loss in Consumer Staples (XLP), all US equity sector ETF’s were up: XLE (Energy) jumped +4.5 pct; SMH (Semi-conductors) +4.1 pct; Utilities +3.0 pct; Industrials +2.0 pct; Materials +1.7 pct, Consumer Discretionary +1.2 pct…

I rest my case.

But, you do need to get onto the market’s wavelength. You have to feel the motion. That takes dedication and hours of intellectual work. If it was easy, everybody would stop the physical work and turn to trading for a living.

Table 1 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
XLE	70.98	0.87	1.24%	4.51%	2.99%	6.34%	25.45%	24.11%	16.34%	32.82%
SMH	38.24	0.79	2.11%	4.14%	3.41%	3.07%	13.91%	11.36%	11.62%	14.83%
XLU	40.44	0.26	0.65%	2.95%	-2.81%	-5.07%	9.83%	4.31%	9.47%	24.81%
XLI	39.42	0.11	0.28%	1.99%	0.36%	2.71%	11.89%	11.83%	11.99%	18.20%
XLB	41.10	0.30	0.74%	1.73%	-0.48%	2.42%	18.75%	9.75%	16.20%	32.67%
XLY	39.83	0.13	0.33%	1.19%	-1.24%	1.19%	3.40%	6.16%	3.59%	19.65%
IYH	71.43	0.43	0.61%	0.89%	-1.53%	-0.40%	7.48%	8.28%	7.49%	17.70%
XLF	37.45	-0.07	-0.19%	0.67%	-1.50%	-0.64%	1.44%	6.09%	2.29%	16.27%
IYZ	34.12	0.00	0.00%	0.03%	-1.22%	2.55%	15.04%	12.76%	15.19%	35.50%
XLP	27.49	-0.11	-0.40%	-0.07%	-1.47%	0.00%	4.60%	5.20%	5.49%	15.26%

You can do this table yourself by entering the following string into the Summary window at Billcara2.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 because the list of ETF’s growing incredibly fast.

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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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Individual Sector ETF Review

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

A week ago, Crude Oil on the NYMEX (WTI) dropped -2.04 pct on Friday and -2.10 pct W/W, closing at 64.76/bbl, down. That got the rally started in XLE. Yes, a week ago, XLE had a terrific Friday (+2.89 pct). This week, XLE led all my sector ETF’s (+4.51 pct W/W) to close at 70.98.

What did I write a week ago in this space? “So, when the Gnomes and HB&B wanted some market relief they pulled down the oil price on Friday. No big deal. They had their Talking Heads say that fighting in the Middle East and Nigeria appeared to be calmer, the weather somewhat better, fewer hurricanes likely to make landfall, shorter driving trips planned this Summer, bigger inventor builds than anticipated, yada, yada. It’s all nonsense folks. It’s just their perverted way of selling the deal. I learned a long time ago that every con artist needs an element of truth in the pitch to hold some credibility in order to hold the audience for the eventual sting.”

That sting is that a rally was needed to take $WTIC into the 65-75 range, so that Americans will get stuck buying gas at the pump at prices no lower than $2.50/gallon. The new established target seems to be $2.50-$3.50.

That is sad, and it’s all the plan of the Admin, Treasury and Fed to reflate prices so that you feel better, and that your debts don’t pull you under. If you sink, the taxes of the Admin will suffer. But this is a slippery slope that Bernanke and Paulson have taken the nation. Either way, the $USD is going lower, and if only central banks would stop selling gold (we can only presume it’s not naked shorting because they won’t give us an independent physical audit), then gold prices would soar. Crude oil would have a limit of course because it is a consumable, something used to sustain and grow the economy, which occasionally slows or weakens, and where alternative energy sources, cleaner ones even, are available at a price.

It is not likely that XLE can continue to lift at a +4.5 pct W/W pace. But, if it should just stay even, then I believe that gold will be the next to lift.

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

XLE Monthly data:

XLE Weekly data:

XLE Daily 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	121.46	3.12	2.64%	10.88%	9.22%	13.90%	21.87%	38.72%	24.40%	54.79%
TOT	78.75	1.17	1.51%	5.79%	3.54%	6.26%	10.96%	20.97%	8.59%	27.74%
STO	29.08	0.90	3.19%	5.78%	3.19%	6.79%	13.20%	16.32%	5.25%	7.54%
ECA	65.70	0.76	1.17%	4.58%	5.34%	6.48%	44.91%	39.85%	31.37%	34.00%
SU	91.46	1.33	1.48%	4.57%	3.16%	6.23%	23.75%	32.70%	13.05%	23.49%
CEO	109.53	1.97	1.83%	4.35%	13.31%	20.67%	16.19%	34.77%	21.90%	44.40%
XOM	85.94	1.17	1.38%	3.94%	2.04%	5.06%	15.96%	21.57%	11.18%	45.37%
CVX	83.17	0.84	1.02%	3.07%	1.14%	2.10%	17.19%	20.76%	10.33%	39.95%
IMO	47.20	-0.38	-0.80%	1.55%	-0.72%	6.55%	32.36%	38.34%	25.33%	38.82%

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Integrated Oil & Gas - Canada

Oil & Gas Exploration & Production -Canada

Petro Brazil rocketed north +10.9 pct W/W. I find that amazing. But the story is also Brazil. Embraer (ERJ), the major manufacturer of commercial aircraft, was up +8.2 pct this week. AmBev (ABV), the huge beer maker, was up +9.5 pct, also W/W.

Here is my Brazil stock monitor. Some of these price moves on Friday alone were stunning. Banco Bradesco up +4.2 pct. Gerdau Steel (GGB) up +2.9 pct, for example.

All the aforementioned companies are Cara 100. Yes, Brazil is quite a place – as I have been saying for three years.

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

The Basic Materials ETF (XLB) gained +1.73 pct W/W to 41.10. On the previous Friday, it had gained +1.92 pct. So that’s a six-day gain of +3.7 pct.

In last week’s WIR I wrote, “A week ago, I wrote about XLB, “This week gold moved up +2.34 pct and silver +5.69 pct. The big moves in the mid/large cap golds were AEM +11.7 pct, AUY +10.0 pct and GG +9.3 pct. The biggest movers were the steelers and base metals. GGB +14.2 pct, RIO +11.6 pct, TCK +10.4 pct, BHP +8.8 pct, PKX +8.7 pct, NUE +8.4 pct… well, you get the point.” Let’s run the same numbers this week, to get an idea of the real damage. AEM -6.0 pct, AUY -6.9 pct, GG -2.7 pct, GGB -2.4 pct, RIO -5.5 pct, TCK +0.3 pct, BHP +3.4 pct, PKX +1.6 pct, and NUE -3.8 pct. Big disappointment, right? Not actually. Over two weeks, the data reads: AEM +5.0 pct, AUY +2.4 pct, GG +6.4 pct, GGB +11.4 pct, RIO +5.4 pct, TCK +10.7 pct, BHP +12.5 pct, PKX +10.4 pct, and NUE +4.2 pct. That is a pretty spectacular two-week move. In two years holding US govt bonds, you can’t earn that. My point however is that traders cannot focus on a three-day period like Tuesday-Thursday of this week. You have to average prices out. That’s precisely why we use RSI and MACD. It helps keep our sanity when interventionists are determined to pull our chain. Now when market trends change from positive to negative or vice versa, the analysis of RSI and MACD and technical indicators helps us make that assessment. More than any other task, it’s Job One to stay on the right side of trend. That one step will help us make 60 pct to 66 pct or more of winning trades, and also help us to make our average winners bigger than our average losers. So use the trend and cycle analysis of the price series, and buy only the shares of these good quality companies, and you will soon lose interest in what the Talking Heads and media personalities are frothing at the mouth about.”

I continue to hammer away at the same information because it is valuable. Maybe nobody taught you this stuff before?

This week, my favorites, GGB, RIO, TCK, BHP, and PKX, were up +8.2 pct, +5.7 pct, +8.5 pct, +3.8 pct, and +4.0 pct respectively, just like two weeks ago, and again last week.

But Nucor (NUE) dropped a second straight week (-5.4 pct W/W and -9.0 pct over two weeks). The stock was removed from Goldman’s Conviction Buy list.

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

XLB Monthly data:

XLB Weekly data:

XLB Daily 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
RTP	308.41	5.66	1.87%	9.51%	4.07%	10.92%	51.11%	46.30%	39.96%	50.49%
TCK	46.49	0.67	1.46%	8.52%	8.88%	14.82%	-32.87%	-30.11%	-40.91%	0.00%
GGB	25.22	0.72	2.94%	8.24%	5.66%	14.22%	53.59%	51.56%	55.87%	89.06%
RIO	46.95	1.18	2.58%	5.70%	-0.15%	4.43%	62.91%	30.71%	56.92%	110.82%
AA	41.60	0.44	1.07%	4.89%	0.34%	6.26%	41.83%	22.79%	34.02%	37.48%
MT	64.27	-0.27	-0.42%	4.17%	1.42%	11.48%	57.52%	27.65%	53.54%	96.24%
PKX	129.60	1.90	1.49%	4.04%	5.71%	15.82%	63.16%	25.83%	54.47%	113.05%
BHP	57.87	0.17	0.29%	3.75%	7.29%	14.30%	48.88%	31.34%	43.31%	43.17%
TS	48.70	0.54	1.12%	3.62%	-2.31%	6.54%	0.37%	16.45%	-4.55%	37.53%
NUE	63.02	0.45	0.72%	-5.39%	-9.00%	-4.15%	15.63%	-0.51%	6.47%	23.71%

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

Industrials (XLI) gained +1.99 pct this week to close at 39.42, after being up +1.55 pct on the previous Friday.

Five of the top nine Dow 30 movers this week are the ones in this sector: CAT, HON, UTX, GE and MMM were up +3.3 pct, +2.6 pct, +2.5 pct, +2.1 pct and +2.0 pct W/W respectively. GE and MMM are still the laggards, but this group has been very strong this month.

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

XLI Monthly data:

XLI Weekly data:

XLI Daily data:

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
ERJ	51.43	0.97	1.92%	8.21%	6.30%	9.40%	26.12%	14.16%	18.34%	46.27%
ABB	22.25	0.14	0.63%	4.76%	2.35%	10.70%	24.86%	32.84%	30.65%	86.82%
CAT	81.11	0.38	0.47%	3.30%	3.80%	8.38%	32.62%	27.81%	31.20%	14.48%
HON	58.87	0.63	1.08%	2.60%	0.12%	1.12%	30.53%	25.31%	34.96%	51.22%
UTX	72.01	0.73	1.02%	2.53%	1.74%	3.81%	14.65%	11.82%	15.31%	18.42%
GE	38.12	0.32	0.85%	2.14%	1.79%	4.35%	0.40%	10.43%	2.03%	11.76%
MMM	87.67	0.25	0.29%	2.01%	-0.86%	1.15%	12.02%	15.37%	11.95%	8.37%
FDX	111.37	0.59	0.53%	1.80%	0.07%	3.86%	1.46%	-0.46%	-3.21%	1.71%
BA	98.15	-0.82	-0.83%	-0.04%	-1.68%	1.41%	10.07%	7.81%	8.21%	15.73%

Even Fedex (FDX) gained on the week (+1.8 pct).

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

The Consumer Discretionary sector ETF (XLY) gained +1.19 pct W/W to close at 39.83.

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

XLY Monthly data:

XLY Weekly data:

XLY Daily 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	114.70	2.52	2.25%	3.49%	2.97%	1.38%	35.48%	35.72%	39.39%	39.95%
EBAY	32.04	0.43	1.36%	1.97%	-0.71%	-2.85%	6.20%	0.79%	-2.67%	4.23%
CCL	49.71	-0.07	-0.14%	1.45%	-1.64%	4.74%	-2.43%	8.99%	4.24%	30.23%
NKE	53.42	-0.26	-0.48%	0.87%	-5.77%	0.89%	9.40%	1.12%	11.22%	27.86%
TM	125.45	1.73	1.40%	0.80%	2.04%	3.25%	-7.28%	-4.05%	-0.25%	24.47%
DIS	34.40	0.61	1.81%	0.58%	-2.38%	-4.42%	0.58%	1.81%	0.29%	17.85%
SBUX	27.77	0.16	0.58%	0.36%	-4.67%	-2.46%	-21.22%	-6.21%	-23.75%	-24.52%
BC	33.80	-0.06	-0.18%	0.30%	-2.87%	-0.21%	5.89%	6.96%	4.68%	-0.94%
JCP	75.68	-0.34	-0.45%	-3.35%	-7.70%	-5.09%	-3.05%	-5.08%	-4.84%	14.95%

A week ago, I wrote, “Toyota Lexus (TM) was up +1.1 pct on Friday, taking the stock to a gain of +1.2 pct over 1 week, +3.4 pct over 2 weeks, and +6.6 pct over 4 weeks. But, if you check, you’ll see the $USD was rallying over this time. If, as and when you see the $USD dip again (and gold rise), you can guess that the wealthy are selling dollars and their Lexus in order to buy precious metals. Not always true, but it is a good pairs trade.”

This week, the $USD lifted (+0.23 pct) and TM was up +0.80 pct. But, on Friday, the $USD dropped -0.31 pct and TM actually GAINED +1.40 pct on the day, so I was wrong on this one.

Then again Gold was down on Friday too, so I was only half wrong. Anyway, it is an interesting relationship. I keep hundreds of these little relationships in the back of my head, and when they start going offside, I try to look a little deeper.

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

The Consumer Staples sector ETF (XLP) was down -0.07 pct W/W to close at $27.49 – al because of Friday’s loss (-0.40 pct).

Wal-Mart (WMT) was down on the week, and Pepsi (PEP) sold off on Friday.

A week ago I wrote, “Companhia de Bebidas Das Americas (AMBEV) (ABV) lost -3.4 pct this week, but is still up +5.1 pct over 2 weeks, +11.7 pct over 4 weeks, and +39.0 pct YTD. Party time in Brazil was interrupted this week. We’ll have to keep an eye on it.”

Well ABV was the big story this week, rocketing up +9.5 pct. So, Party On! This stock is up +52.22 pct YTD and we’re still in the first half. Nothing else in this sector – on my Watchlist – is up over +10 pct YTD.

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

XLP Monthly data:

XLP Weekly data:

XLP Daily 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
ABV	74.74	1.69	2.31%	9.49%	5.70%	13.64%	52.22%	42.82%	53.91%	99.63%
DEO	85.77	0.76	0.89%	3.51%	-0.29%	1.86%	7.85%	12.96%	9.92%	26.64%
WFMI	39.66	0.36	0.92%	0.86%	-4.82%	0.33%	-12.80%	-10.84%	-19.16%	-36.84%
BUD	52.89	0.03	0.06%	0.55%	-2.07%	6.46%	7.46%	5.99%	9.19%	16.45%
MO	70.67	0.20	0.28%	0.53%	-1.60%	1.39%	8.86%	11.12%	10.51%	33.42%
PEP	66.68	-0.21	-0.31%	0.11%	-2.94%	-2.64%	6.31%	5.86%	6.06%	12.86%
WAG	44.26	0.41	0.94%	-0.11%	-1.93%	-2.38%	-3.93%	-3.19%	-0.54%	2.01%
KO	51.58	0.27	0.53%	-0.17%	-2.31%	-1.19%	6.18%	9.56%	5.42%	19.84%
PG	62.57	0.15	0.24%	-0.79%	-1.43%	-1.26%	-3.05%	1.07%	-2.40%	14.01%
WMT	49.34	0.06	0.12%	-1.48%	-0.26%	4.73%	3.76%	7.26%	6.22%	1.40%

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

The IYH healthcare ETF was up +0.89 W/W to close at 71.43. It helped that Friday’s gain was +0.61 pct, largely because BristolMyers (BMY +3.1 pct) and Amgen (DNA +1.4 pct) had a terrific Friday.

IYH has been up for seven consecutive Fridays. The drugmakers and healthcare providers must be happy seeing those legislators go home for the weekends.

How many times have I written that anyway?

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

IYH Monthly data:

IYH Weekly data:

IYH Daily 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
BMY	30.76	0.93	3.12%	5.09%	0.92%	1.82%	16.60%	13.42%	20.11%	21.73%
AMGN	59.03	0.80	1.37%	2.89%	3.67%	9.97%	-13.70%	-1.67%	-15.94%	-12.47%
GSK	52.75	0.61	1.17%	2.29%	2.87%	-8.02%	-1.97%	-3.60%	1.50%	-3.37%
NVS	55.96	1.00	1.82%	1.58%	-0.64%	-2.12%	-3.75%	-0.71%	-4.51%	6.61%
JNJ	62.77	0.32	0.51%	1.03%	-1.01%	0.05%	-5.47%	3.70%	-5.31%	2.11%
BMET	45.54	-0.01	-0.02%	0.11%	3.66%	4.81%	9.81%	7.97%	8.43%	28.28%
DNA	77.00	0.75	0.98%	0.04%	-3.14%	-0.59%	-5.87%	-4.71%	-4.69%	-1.57%
PFE	26.47	0.08	0.30%	-0.19%	-4.37%	-3.25%	0.68%	5.92%	3.24%	12.49%
UNH	52.90	-0.05	-0.09%	-1.43%	-4.18%	-1.40%	0.63%	-2.13%	5.61%	18.21%
AET	50.23	-0.36	-0.71%	-3.87%	-5.71%	-4.43%	17.14%	17.72%	16.27%	27.07%

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

The Financials ETF (XLF) gained +0.67 pct W/W to close at 37.45. Friday was a little soft.

Nothing earth-shattering here.

Lehman Bros (LEH +6.6 pct) and Deutsche Bank (DB +4.0 pct) enjoyed a good week. DB on a dead cat bounce and LEH as part of a solid month. I haven’t kept up with the news.

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

XLF Monthly data:

XLF Weekly data:

XLF Daily 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
LEH	79.07	0.27	0.34%	6.58%	5.10%	8.40%	0.56%	8.27%	3.90%	24.09%
DB	149.35	2.74	1.87%	3.97%	-1.96%	-4.24%	10.35%	20.91%	12.38%	39.96%
CS	73.77	0.42	0.57%	2.15%	-3.69%	-2.30%	5.22%	6.24%	7.19%	0.00%
MER	90.23	0.10	0.11%	1.63%	-3.29%	-2.14%	-3.61%	12.58%	-1.45%	32.98%
MS	88.48	-0.82	-0.92%	1.58%	2.80%	5.12%	8.40%	18.15%	11.63%	54.33%
UBS	62.47	0.90	1.46%	1.48%	-3.95%	-1.54%	1.76%	9.85%