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July 7, 2007
Week in Review #27 (2007-07-07)
2007-07-07 08:08:08 Commander's Log:
Our Starship Enterprise is ready for departure from Toronto on a course heading direct to Starfleet Presidio (Nassau Bahamas).
I had been looking forward to using the time to restore ch'i, but in fact the Federation Starfleet now requires my permanent presence at Presidio to successfully defend Romulan forces (Bush, Bernanke and Paulson) from entering our Beta Quadrant (aka the Golden Way).
I hope you understand the seriousness of this mission.
Moreover, I seem to be moving too fast for electronic charts and tables to be uploaded to the system. They only travel at the speed of light. Hopefully Steve can make them catch up to me this morning.
Global Market Summary
International Equities: Strong.
U.S. Equities : The broad US market indexes were strong this week.
Dow 30 : The DJIA was strong.
International Economics Review
Econoday Weekly International Report
US Economic Calendar for next week
Monday’s report from the ISM re the US Manufacturing Index for June
US Equity Markets Review
The Dow Jones Industrial Average (DJIA) closed the week at 13611.68, up from 13408.6.
There is a lot of technical support in the 12750-12800 area (May-June-07 trading). There is even more support down at about the 12050 level of March-07.
NASDAQ Composite (interactive) chart
Sector ETF Summary
The tables I show are for ten (GICS) Sector Index Funds (ETF’s) only.
Five of the ten sector ETF’s I follow here were up or down this week – depending on whether you see the glass half full or empty.
Table 1 is sorted by price performance Week over Week (W/W), i.e. 1W%N.
Table 1: Cara ETF List
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
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.
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)

Individual Sector ETF Review
Sector 10 (energy: XLE, IYE, VDE, OIH, PBW and IXC)
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
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Oil & Gas Exploration & Production -Canada
Sector 15 (basic materials: IYM, XLB, IGE and VAW)
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:
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 20 (industrial: IYJ, XLI, VIS, and IYT)
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:
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 25 (consumer discretionary: XLY, IYC and VCR)
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
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 30 (consumer staples: XLP, VDC, RTH and IYK)
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
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 35 (healthcare: IYH, XLV, VHT, IXJ, and IBB)
Here’s the IYH Monthly, Weekly and Daily data charts:
IYH Monthly data:

IYH Weekly data:

IYH Daily data:

Table 7: Senior healthcare equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 40 (financial: IYG, IYF, XLF, VFH, IXG, VNQ, RWR, IYR, and ICF)
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
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 45 (technology: IGM, IGV, IGW, XLK, VGT, IYW, IGN, IXN, MTK and SMH)
Here’s the SMH Monthly, Weekly and Daily data charts:
SMH Monthly data:

SMH Weekly data:

SMH Daily data:

Table 9: Senior technology equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Sector 50 (telecom: IYZ, VOX and IXP)
Here’s the IYZ Monthly, Weekly and Daily data charts:
IYZ Monthly data:

IYZ Weekly data:

IYZ Daily data:

Sector 55 (utilities: IDU, XLU, and VPU)
Here’s the XLU Monthly, Weekly and Daily data charts:
XLU Monthly data:

XLU Weekly data:

XLU Daily data:

Bonds & Yields Review
Here is the $USB 30-year Treasury Bond chart.

Interest rates and bond yields.


Interactive Daily data charts:


| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 3 Month | 4.77 | 4.78 | 4.65 | 4.64 |
| 6 Month | 4.78 | 4.80 | 4.71 | 4.72 |
| 2 Year | 4.96 | 4.95 | 4.85 | 4.93 |
| 3 Year | 4.99 | 4.97 | 4.87 | 4.91 |
| 5 Year | 5.07 | 5.03 | 4.91 | 4.91 |
| 10 Year | 5.16 | 5.12 | 5.01 | 4.95 |
| 30 Year | 5.25 | 5.21 | 5.10 | 5.06 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 3.76 | 3.73 | 3.75 | 3.73 |
| 2yr AAA | 3.73 | 3.76 | 3.71 | 3.65 |
| 2yr A | 3.74 | 3.70 | 3.72 | 3.68 |
| 5yr AAA | 3.82 | 3.79 | 3.82 | 3.77 |
| 5yr AA | 3.90 | 3.87 | 3.87 | 3.80 |
| 5yr A | 3.94 | 3.91 | 2.13 | 3.79 |
| 10yr AAA | 4.04 | 4.00 | 4.04 | 3.93 |
| 10yr AA | 4.05 | 4.01 | 4.11 | 3.98 |
| 10yr A | 4.27 | 4.25 | 4.25 | 4.20 |
| 20yr AAA | 4.65 | 4.57 | 4.63 | 4.56 |
| 20yr AA | 4.52 | 4.47 | 4.51 | 4.50 |
| 20yr A | 4.66 | 4.64 | 4.66 | 4.58 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 5.36 | 5.35 | 5.22 | 5.30 |
| 2yr A | 5.43 | 5.42 | 5.32 | 5.36 |
| 5yr AAA | 5.61 | 5.58 | 5.46 | 5.42 |
| 5yr AA | 5.70 | 5.65 | 5.55 | 5.51 |
| 5yr A | 5.75 | 5.72 | 5.60 | 5.56 |
| 10yr AAA | 5.95 | 5.91 | 5.81 | 5.71 |
| 10yr AA | 6.09 | 5.98 | 5.86 | 5.71 |
| 10yr A | 6.09 | 6.05 | 5.95 | 5.77 |
| 20yr AAA | 6.32 | 6.30 | 6.18 | 6.03 |
| 20yr AA | 6.34 | 6.25 | 6.15 | 6.00 |
| 20yr A | 6.46 | 6.44 | 6.32 | 6.17 |
Interactive Chart of Interest rates and bond yields.
US Bond Funds -- Interactive Monthly Data Charts
SHY Monthly data series chart:
IEF Monthly data series chart:
TLT Monthly data series chart:
AGG Monthly data series chart:
LQD Monthly data series chart:
TIP Monthly data series chart:
US Bond Funds -- 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:
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:
Table 11: Interest-sensitive securities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Consumer Finance -USA -- Interactive Weekly Data Charts
Consumer Finance -USA -- Interactive Daily Data Charts
Commodities Review
$CRB closed at 320.86. That is a powerful move on the week.
A week ago, I wrote, “I still think the stage is set for rising commodity prices, and a weaker dollar that will be blamed on (who else!) China. End of story.”
Interactive Chart of Weekly CRB Commodities Index:

Interactive Chart of Daily CRB Commodities Index:

Oil Review
Here is the e-miNY Aug-07 Crude Oil chart.

The $WTIC price is now $72.81, up +3.0 pct from last week, which is up from 70.68 the week before that, and from 69.14, up from 68.54, which was up from 64.76 a week before that. Do you see a trend here? And did you notice that Talking Heads have stopped worrying about $70 oil as being an economy killer?
The $WTIC 50-Day Moving Average (from StockCharts) is now 66.33 and the 200-Day MA is 61.87. Hence the current price (72.81) is well above technical support.
For several weeks I have alerted you to how $WTIC is “possibly pulling up the trading range from 55-65 to 65-75.”
Interactive Chart of Weekly Crude Oil:

Interactive Chart of Daily Crude Oil:

Gold & Precious Metals Review
This week, $GOLD gained +3.90/oz to close at 654.80. A week ago it lost -6.10/oz to close at 650.90. On my June 9 WIR, I reported $GOLD was 650.30, so we’re making headway.
The 50-day MA is now 664.90 and the 200-day MA is 645.05, so the (i) the important 200-day MA technical support held, and (ii) the current price (654.80) is still somewhere between short-term bearish and long-term bullish, but apparently poised to break to the upside.
“I still believe that this Summer the 698.00 cycle high on the Weekly data is the next to go, and after that the 730.40 cycle high of May 2006 will be next.”
“Like a coiled spring”, I say, “Watch it snap one day”.
One final point: I did say that risk averse, long-term oriented traders prefer to hold the bullion over the shares. That was not a timing discussion. When precious metal prices are flourishing, it is the equities that lead because of the operating leverage of the mining companies and the speculative enthusiasm for the exploration plays.
But in times of great stress, possible world war ahead, a US Admin and Congress that seems poised to take ridiculous steps “to protect America” – which could mean a return of the law to seal all safety deposit boxes in banks (ie, wherever physical bullion bars and coins are stored) – I am hearing there is a move afoot to store the physical in Switzerland.
Why not Bahamas?
Yes, that is a service I plan to start within a year. The Cara Bullion Vault. (LOL) Actually, this is a very serious matter. I will have little trouble financing it.
At 5:00pm ET Friday, he closing Spot (cash) price was $655.45/oz. Thursday’s plunge was made back on Friday.
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.
$SILVER had a recovery week, moving +0.29/oz from 12.47 to 12.76. The Thursday plunge was more than made up by Friday’s rally.
Here is what I wrote a week ago:
This week, $SILVER had a terrible week, dropping -0.55/0z (-4.2 pct) to close at 12.47. And now the skeptics are pointing to a Point & Figure Chart break-down! Well I do admit that the P&F can be a meaningful indicator, but today there are precious metal ETF’s (the securitization of real wealth, except this time backed by debt that can be called in a heartbeat by vested interests who want the price to plunge like a waterfall, particularly at times when technical support levels are at hand). So I am not so quick to jump off that cliff with the waterfall these days. Now I want to stop for a moment to listen to my common sense, which in this case is telling me that if inflation was a problem a week ago it probably is today. Otherwise, why would the majority of the world’s central banks be raising their rates? And what will happen when they continue to raise those rates, and the Fed (being strung up by a worsening debt crisis) cannot? Of course, the precious metals will lift. It’s just a matter of time. Sure, we have to protect our capital today, but we don’t have to be stupid about it.”The 50-day MA for $SILVER is 13.17 and the 200-day MA at 13.05, so the current price at 12.47 is technically bearish both short-term and long-term. As I said a week ago, “We have to respect that, but we can also have our finger poised to hit the Buy button too.”
I added, “I still think the 14.22 previous cycle high price of the Daily data series will be taken out, but maybe not in June, and then the Feb cycle high of 14.885 is next, probably July-August.” You heard that from me when gold and silver were under siege the past three weeks… (Two weeks ago) I added, “I do admit that for Silver, I have concerns. Silver usually leads… This week turned out to be a tough one, as I had figured. But $SILVER can turn on a Dime. Get it?”
Savvy traders were watching the upside break-out in all the silver miners BEFORE the metal price started to move. That was a very bullish sign.
Spot silver chart for the week
![]()
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.
$PLAT futures gained +25.60/oz this week to close at 1312.10.The 50-day MA is 1304.93 and the 200-day MA is 1210.00, so the current 1312.10 price is short-term and long-term bullish.
As you know, “I think the 1354.20 cycle high price for Platinum that was set in early May will be taken out before August. The PM Bull is still running, I believe.”
Then I wrote, “Although hammered this week for silver, platinum and palladium (but not so much for gold, and not for copper at all) there is no change to my outlook.” I hope you held the fort.
Spot platinum chart for the week
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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.
$PALL has been bullish since early October (290.88). It had been a little soft, but regained some color two weeks ago. Then a week ago, got hammered (-3.44 pct).This week, $PALL gained +0.22 pct to close at 369.35. The 50-day MA is 372.62 and the 200-day MA is 347.84.
Three weekends ago I wrote, “The 50-day MA support did not hold recently. As you know, “Based on my PM group analysis, I still anticipate prices ahead, but I have to be cautious at this point.” A week ago added, “Let’s face it; it’s been a tough two weeks. As for $PALL I have written, “I think the 390.45 cycle high of April will be taken out, maybe not in June, but in July. Possibly the 410.89 cycle high of May 2006 will be surpassed in August. Yes, I continue to believe the PM Bull is running.”
Spot palladium chart for the week
![]()
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.
$COPPER gained +14.40 (+4.17 pct W/W) to close at 359.45. A week ago, it was up +2.0 pct. That is a big move over two weeks.
The 50-day MA for $COPPER is 345.27 and the 200-day MA is 315.76, so there is now both short-term and long-term technical support at this level.
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.
Table 12: Senior gold equities
Sorted by 1-Week Price Performance Symbol Close 1Day
Change1Day
%Change1W
%Change2W
%Change4W
%ChangeYTD
%Change3M
%Change6M
%Change12M
%Change
This week, $XAU began what I believe will be a monster rally. It is a fine send-off to my travels… the Yellow Brick Road I told you I believed was coming.$XAU gained +9.05 (+6.66 pct) to close at 145.00. Yessiree! The gain on Friday (as I was packing) was +3.34 pct.
Do you know how to spell relief? G-O-L-D R-A-L-L-Y
The 50-day MA (138.28) and 200-day MA (137.33) are now finally behind us, and will represent technical support.
As I say, “Let’s keep it simple. Gold production is falling. Inflation, though possibly mild, is growing constantly. Fiat money is growing much more rapidly than real (enonomic) wealth, ie, where effective rates of return are obtained based on the risk involved. Unless central banks sell their gold holdings, the price is going higher. Why make it more complicated than that?”
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 Daily data
Interactive Weekly data
MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
Interactive Daily data
Interactive Weekly data
CBJ SSRI SIL NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
Interactive Daily data
Interactive Weekly data
NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
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 Daily data
Interactive Weekly data
Here are the Weekly and Daily Data charts of the indexes:
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 and Daily data charts:
GDX Weekly data:
GDX Daily data:
The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD. Yes, just like GDX on the AMEX, you can trade XGD on Toronto.
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:
Forex Review
Two weeks ago (summer’s first week), the $USD closed at 82.35, a loss of 50 cents (-0.61 pct W/W). One week ago, it dropped -043 (-0.52 pct) to close at 81.92. I asked, “Can anyone say 70 cent Dollars? Soon.”
The $USD closed this week at 81.44, down -0.58 pct. The 50-Day MA is now 82.18, and the 200-Day MA is 83.81, so the current price (81.44) is now bearish both short-term and long-term.
Here is the chart of the end of the week trading.
![]()
The following data requires your attention: M3 update as of the past week.
M3 continues to grow at an excessive rate. Like a Banana Republic, someone wrote.
I am not interested in whether it slows or quickens its pace over a week or two. The trend my friend is UP and UGLY. Money printing is excessive because there is a war going on, and Humungous Private Equity Corp is telling HB&B who in turn tells the Fed that they can still take on more debt (and pass it along later to suckers) in order to wage their own war via M&A. The Admin certainly likes what’s going down here. They even contributed ex-T-Man John Snow to the cause. John btw is now CEO of one of the HPEC leaders, Cerberus.
Interactive Chart of Weekly U.S. Dollar Index:
Interactive Chart of Daily U.S. U.S. Dollar Index:
The Euro (priced in USD) had a fourth straight winning week, which usually means a winner for the PM group. The latter finally kicked in. You can only hold a good man down so long.
$XEU gained +0.67 pct W/W, closing Friday at 136.21.
The $XEU 50-Day MA is 134.91, and the 200-Day MA is 131.53, so the current price (136.21) is technically bullish, short-term and long.As I wrote in this space three weeks ago, “I think there will be some short-term bullishness ahead.” Last weekend I added, “If I could only get the PM thing down, I’d be a happier camper. Give me time.”
Well, you can say I got the job done before heading off on a voyage.
Interactive Chart of Weekly Euro Dollar Index, priced in USD:
Interactive Chart of Daily Euro Dollar Index, priced in USD:
The British Pound gained +0.20 pct W/W to close at 201.09.The $XBP 50-Day MA is 198.82, and the 200-Day MA is 195.07, so the current price (201.09) is quite bullish.
The Bank of England even strengthened the Pound this week by raising its benchmark lending rate to 5.75 pct.
Weekly British Pound Index:
Daily British Pound Index:
The Japanese Yen $XJY had another losing week. A week ago there was a small and infrequent gain. This week, the Yen contracts traded down to 81.07, which was a loss of -0.17 pct W/W.
The Yen 50-Day MA is 82.22, and the 200-Day MA is 83.86, so the current price (81.07) is quite bearish.
Weekly Japanese Yen Index:
Daily Japanese Yen Index:
Weekly Canadian Dollar Index:
Daily Canadian Dollar Index:
The Canadian Dollar $CDW had yet another gain this week, going up +1.12 pct W/W to close at 95.31.The $CDW 50-Day MA is 92.56, and the 200-Day MA is 88.33, so the current price (95.31) is a “red hot” one.
Oil and metals prices as well as the influx of foreign capital to buy or invest in the bountiful natural resources of the Great White North is impressive. But, the Loonie strength is killing in-bound tourism and helping out-bound tourism. It is also negatively impacting the manufacturing bas of Eastern Canada.
International Equity Markets Review
Here is the latest session data for the Asia-Paciic stock exchanges.
![]()
Here is the latest chart for the Japanese Nikkei 225 index.
![]()
The Nikkei Dow hit the cycle high on Thursday, at 18300. Very impressive.The Mar-07 16600 support level is the critical one to watch this summer.
You should know that I set a mental stop no lower than -8 pct from the cycle high. If violated, I’m out. I wouldn’t be around to see 16600 if that were to happen.
Here is the latest chart for the Shanghai Composite index .
![]()
Shanghai Surprise is what the composite index ought to be called! I wrote that two weeks ago. Once again, this week it was up and down like a see-saw.Yes, maybe we should be seeking answers from the more stable Hong Kong market instead. The Hang Seng, at 22531, set a new record high on Friday. I wrote the exact same words a week ago, when it hit 22052 intra-day (21999.9 close).
Does anybody recall the April 2003 low of 8331? I think there is support at 21000, 18700 and ultimately 17300 (the May-06 global scare). But, that is almost -25 pct lower than today! ...At the very least, profits should be protected with -8 pct stops.
This week the Hang Seng hit an intra-day 52-week high close to the closing bell, at 22565.4.
Here is the latest chart for the India BSE 30 index .
![]()
Two weeks ago I wrote, “The Indian economy is flourishing. The major IPO’s are being rolled out. At a close Friday of 14467, the Bombay 30 Sensex index is not far off the intra-day record 14723.9 (week of Feb 5-07). But the index has been struggling for five weeks to challenge that Feb high.”This week, the BSE 30 closed at 14964. The intra-day high on Friday was 15007.22. NEW RECORD!
As I say, Ghandi would be smiling down on India today. What a remarkable accomplishment. And, it’s only going to get better as capital markets there become more sophisticated, and less prone to a gambling mentality.
Yes, there will be a pull-back, a serious one, when the Japanese Carry Trade winds down and loans are repaid, but, for now, it’s ‘two thumbs up’ for India.
Here is the latest session data for the bourses of Europe.
Here is the latest chart for the UK FTSE 100 index.
![]()
The Footsie closed at 6690.1, which was Friday’s high, and almost hit a 52-week high of 6751.Two weeks ago I wrote, “The 6567.4 Friday close seems to be supported technically in the 6400-6500 April and June levels. However, the real underpinning of the FTSE appears to be the 6000 level of March-07.”
Here is the latest session data for the exchanges of the Americas.
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All markets were up on Friday.
Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.
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Like equity markets around the globe, there was a cycle peak reached at the close on Friday at the Sao Paulo Bovespa. Wow!
Here is the latest session data for the Toronto Stock Exchange composite index.
![]()
The Toronto Exchange closed at 14118.7, off the 52-week intra-day high of 14216.2 by about half of one pct.
Table 13: International equities perspective
Sorted by 1-Week Price Performance Symbol Close 1Day
Change1Day
%Change1W
%Change2W
%Change4W
%ChangeYTD
%Change3M
%Change6M
%Change12M
%Change
Japanese equity market ETF: EWJ
Japan’s EWJ (which is a USD-denominated NYSE-traded ETF) gained +0.83 pct W/W to close at 14.63. The big move happened Monday and Tuesday, after last Friday’s move of +1.25 pct!
Remember what I wrote a week ago after that big day in NY, “That means NY is forecasting a huge up move in the Nikkei Dow on Monday.” Yessiree.
Here is the Japanese (EWJ) equity market ETF Monthly, Weekly and Daily data charts:
U.K. equity market ETF
The EWU (UK market ETF trading in the US in USD) gained +1.64pct W/W to close at 25.97. That’s a gain of +3.0 pct in two weeks.But, since Oct-05 (16.65), the gains are astounding.
Here is the United Kingdom (EWU) equity market ETF Monthly, Weekly and Daily data charts:
EWU Daily data:
Canada’s equity market
The Canadian ETF that trades in the US as EWC (priced in USD) gained +3.28 pct on the week, to close at 30.84. That’s certainly the Wow factor.
But, be careful the strength of the Cdn Dollar (Loonie). Should it fall down, so too would the equity market, and vice versa.
Here is the Canadian (EWC) equity market ETF Monthly, Weekly and Daily data charts:
US Equity Markets Review
For a four day week, the DJIA, S&P 500, NASDAQ Composite, and Russell 2000 small cap index did a solid month’s work.
A dozen NYSE DJIA stocks to watch.
NASDAQ Composite (interactive) chart
A dozen NASDAQ stocks to watch.
Industry “Impulse” Review
The “impulse system” considers price “inertia” versus a moving average, and price “momentum” via the rate at which shorter moving averages are converging or diverging. Applied weekly to major industry groups, this gives a sense of market internals. When both indicators (EMA and MACD-H) tick up for the week, the reading is green; when both decline, it’s red.
“Jock” reports:
This week, the count of major industries rose from “net green” (green-red) 2 to 28 ! Two of last week’s “reds” (banking and specialty retail flipped all the way to green! The market snapped back to strength not seen since the first of June. It’s almost as if Wall Street wanted to put on a great show for Bill’s departure for Bahamas!The Cara 100 components were 52 green and 19 red. The Dow 65 (industrials, transports, & utilities) were 27 green to 16 red; the S&P 100 components were 45 green and 27 red.
Bill – Have a great trip … /Jock
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Cara 100 “Greens”
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Cara 100 “Reds”
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Here is the current Relative Strength Index (RSI) analysis of the Cara 100 company stocks
Here, from “Chris”, are the interactive charts of up to a dozen stocks with (unsmoothed) RSI-7 above 70 and below 30:
Using data from “Chris” – which he takes from BillCara2.com, which is not smoothed like David’s data, which he takes from Worden, the Cara 100 Company stocks that are below 30 on the Daily RSI-7 are as follows:
Here is the Monthly data chart of the Interactive Chart of Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.
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Here is the Weekly data chart of the Interactive Chart of Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.
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Here is the Daily data chart of the Interactive Chart of Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.
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Table 14: Dow 30 List
Sorted by 1-Week Price Performance Symbol Close 1Day
Change1Day
%Change1W
%Change2W
%Change4W
%ChangeYTD
%Change3M
%Change6M
%Change12M
%ChangeYou can do this table yourself by entering the following string into the Summaries window at www.billcara2.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 Billcara2.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)
Value Line Report(s) this past Friday
The reports from Value Line this week are on Procter & Gamble (PG) and Home Depot (HD)
(PG: Value Line Report Jul. 6: next one is due Oct. 6)
(HD: Value Line Report Jul. 6: next one is due Oct. 6)
Procter & Gamble Co. [GICS 30, Dow 30, Cara 100]
(PG: Yahoo Finance file)
(PG: StockChart chart)
(PG: Billcara2 chart)
(PG: ADVFN Financial Data)
(PG: Value Line Report Jul. 6: next one is due Oct. 6)
Chart of PG:
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Home Depot [GICS 25, Dow 30]
(HD: Yahoo Finance file)
(HD: StockChart chart)
(HD: Billcara2 chart)
(HD: ADVFN Financial Data)
(HD: Value Line Report Jul. 6: next one is due Oct. 6)
Chart of HD:
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The Dow 30 Company links
Alcoa [GICS 15, Dow 30]
(AA: Yahoo Finance file)
(AA: StockChart chart)
(AA: Billcara2 chart)
(AA: ADVFN Financial Data)
(AA: Value Line Report Apr. 20: next one is due Jul. 20)
Altria Group Inc [GICS 30, Dow 30]
(MO: Yahoo Finance file)
(MO: StockChart chart)
(MO: Billcara2 chart)
(MO: ADVFN Financial Data)
(MO: Value Line Report May. 4: next one is due Aug. 3)
American International Group [GICS 40, Dow 30]
(AIG: Yahoo Finance file)
(AIG: StockChart chart)
(AIG: Billcara2 chart)
(AIG: ADVFN Financial Data)
(AIG: Value Line Report May 25: next one is due Aug. 24)
American Express [GICS 40, Dow 30]
(AXP: Yahoo Finance file)
(AXP: StockChart chart)
(AXP: Billcara2 chart)
(AXP: ADVFN Financial Data)
(AXP: Value Line Report May 25: next one is due Aug. 24)
AT&T [GICS 50, Dow 30]
(T: Yahoo Finance file)
(T: StockChart chart)
(T: Billcara2 chart)
(T: ADVFN Financial Data)
(T: Value Line Report Jun. 29: next one is due Sep. 28)
Boeing Co [GICS 20, Dow 30. Cara 100]
(BA: Yahoo Finance file)
(BA: StockChart chart)
(BA: Billcara2 chart)
(BA: ADVFN Financial Data)
(BA: Value Line Report Jun. 22: next one is due Sep. 21)
Caterpillar [GICS 20, Dow 30]
(CAT: Yahoo Finance file)
(CAT: StockChart chart)
(CAT: Billcara2 chart)
(CAT: ADVFN Financial Data)
(CAT: Value Line Report Jan. 26: next one is due Apr. 27)
Citigroup [GICS 40, Dow 30, Cara 100]
(C: Yahoo Finance file)
(C: StockChart chart)
(C: Billcara2 chart)
(C: ADVFN Financial Data)
(C: Value Line Report May 25: next one is due Aug. 24)
Coca Cola [GICS 30, Dow 30]
(KO: Yahoo Finance file)
(KO: StockChart chart)
(KO: Billcara2 chart)
(KO: ADVFN Financial Data)
(KO: Value Line Report May. 4: next one is due Aug. 3)
Disney [GICS 25, Dow 30, Cara 100]
(DIS: Yahoo Finance file)
(DIS: StockChart chart)
(DIS: Billcara2 chart)
(DIS: ADVFN Financial Data)
(DIS: Value Line Report May 18: next one is due Aug. 17)
Dupont [GICS 15, Dow 30]
(DD: Yahoo Finance file)
(DD: StockChart chart)
(DD: Billcara2 chart)
(DD: ADVFN Financial Data)
(DD: Value Line Report Apr. 20: next one is due Jul. 20)
ExxonMobil [GICS 10, Dow 30, Cara 100]
(XOM: Yahoo Finance file)
(XOM: StockChart chart)
(XOM: Billcara2 chart)
(XOM: ADVFN Financial Data)
(XOM: Value Line Report Jun. 15: next one is due Sep. 14)
General Electric [GICS 20, Dow 30, Cara 100]
(GE: Yahoo Finance file)
(GE: StockChart chart)
(GE: Billcara2 chart)
(GE: ADVFN Financial Data)
(GE: Value Line Report Apr. 13: next one is due Jul. 13)
General Motors [GICS 25, Dow 30]
(GM: Yahoo Finance file)
(GM: StockChart chart)
(GM: Billcara2 chart)
(GM: ADVFN Financial Data)
(GM: Value Line Report Jun. 1: next one is due Aug. 31)
Hewlett-Packard [GICS 45, Dow 30]
(HPQ: Yahoo Finance file)
(HPQ: StockChart chart)
(HPQ: Billcara2 chart)
(HPQ: ADVFN Financial Data)
(HPQ: Value Line Report Apr. 13: next one is due Jul. 13)
Home Depot [GICS 25, Dow 30]
(HD: Yahoo Finance file)
(HD: StockChart chart)
(HD: Billcara2 chart)
(HD: ADVFN Financial Data)
(HD: Value Line Report Jul. 6: next one is due Oct. 6)
Honeywell [GICS 20, Dow 30]
(HON: Yahoo Finance file)
(HON: StockChart chart)
(HON: Billcara2 chart)
(HON: ADVFN Financial Data)
(HON: Value Line Report Jan. 26: next one is due Apr. 27)
IBM [GICS 45, Dow 30]
(IBM: Yahoo Finance file)
(IBM: StockChart chart)
(IBM: Billcara2 chart)
(IBM: ADVFN Financial Data)
(IBM: Value Line Report Apr. 13: next one is due Jul. 13)
Intel [GICS 45, Dow 30, Cara 100]
(INTC: Yahoo Finance file)
(INTC: StockChart chart)
(INTC: Billcara2 chart)
(INTC: ADVFN Financial Data)
(INTC: Value Line Report Apr. 13: next one is due Jul. 13)
Johnson & Johnson [GICS 35, Dow 30, Cara 100]
(JNJ: Yahoo Finance file)
(JNJ: StockChart chart)
(JNJ: Billcara2 chart)
(JNJ: ADVFN Financial Data)
(JNJ: Value Line Report Jun. 1: next one is due Aug. 31)
JP Morgan [GICS 40, Dow 30]
(JPM: Yahoo Finance file)
(JPM: StockChart chart)
(JPM: Billcara2 chart)
(JPM: ADVFN Financial Data)
(JPM: Value Line Report May 25: next one is due Aug. 24)
McDonalds [GICS 30, Dow 30]
(MCD: Yahoo Finance file)
(MCD: StockChart chart)
(MCD: Billcara2 chart)
(MCD: ADVFN Financial Data)
(MCD: Value Line Report Jun. 8: next one is due Sep. 7)
3M Company [GICS 20, Dow 30, Cara US 100 June 25-06]
(MMM: Yahoo Finance file)
(MMM: StockChart chart)
(MMM: Billcara2 chart)
(MMM: ADVFN Financial Data)
(MMM: Value Line Report May 18: next one is due Aug. 17)
Merck [GICS 35, Dow 30]
(MRK: Yahoo Finance file)
(MRK: StockChart chart)
(MRK: Billcara2 chart)
(MRK: ADVFN Financial Data)
(MRK: Value Line Report Apr. 20: next one is due Jul. 20)
Microsoft [GICS 45, Dow 30]
(MSFT: Yahoo Finance file)
(MSFT: StockChart chart)
(MSFT: Billcara2 chart)
(MSFT: ADVFN Financial Data)
(MSFT: Value Line Report May 25: next one is due Aug. 24)
Pfizer [GICS 35, Dow 30]
(PFE: Yahoo Finance file)
(PFE: StockChart chart)
(PFE: Billcara2 chart)
(PFE: ADVFN Financial Data)
(PFE: Value Line Report Apr. 20: next one is due Jul. 20)
Procter & Gamble Co. [GICS 30, Dow 30, Cara 100]
(PG: Yahoo Finance file)
(PG: StockChart chart)
(PG: Billcara2 chart)
(PG: ADVFN Financial Data)
(PG: Value Line Report Jul. 6: next one is due Oct. 6)
United Technologies [GICS 20, Dow 30, Cara 100]
(UTX: Yahoo Finance file)
(UTX: StockChart chart)
(UTX: Billcara2 chart)
(UTX: ADVFN Financial Data)
(UTX: Value Line Report Jan. 26: next one is due Apr. 27)
Verizon [GICS 50, Dow 30]
(VZ: Yahoo Finance file)
(VZ: StockChart chart)
(VZ: Billcara2 chart)
(VZ: ADVFN Financial Data)
(VZ: Value Line Report Jun. 29: next one is due Sep. 28)
Wal-Mart [GICS 30, Dow 30, Cara 100]
(WMT: Yahoo Finance file)
(WMT: StockChart chart)
(WMT: Billcara2 chart)
(WMT: ADVFN Financial Data)
(WMT: Value Line Report May 11: next one is due Aug 10)
Wrap up:
Well Canada, it’s been a slice. However, Federation Starfleet is anxiously awaiting my arrival at Presidio (Nassau Bahamas).
I’d prefer to travel at my usual warp speed today, but 3 hours is not bad either.
By now, you know that wherever we are in the world, we connect somehow. It’s a small Web.
Actually, I have been seeking the help of William Shatner, who moved from Montreal (with a B-school degree) to success in Hollywood. I'm not interested in Hollywood, although being entertaining is ok by me; it's learning the tricks of warp speed. I took this ten-hour report and put it out in three, awaking at 5:00am this morning to put the pedal to the metal.
But this is too much like work. I need Scottie to beam me up.
Ps, excuse the typos.
Posted by Posted by Bill Cara on July 7, 2007 07:17:20 AM | Category: Cara Week in Review , Saturday Report


















































Cara 100 “Reds”



