This is not a free and honest capital market. As I see it, this PPI crapola is not government by and for the people; it’s a bloody disgrace to the intelligence of people.

But, all I can think about now is the classic Tom Hanks line in the movie A League of Their Own, “There’s no crying in baseball.” So be it; we trade prices. Let the action begin.

Oh, let’s forget about yesterday’s market events. Nothing matters except the spin that’s about to start with the FOMC announcement at 2:15pm ET today.

Are you getting the feeling that this is all scripted anyway?

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International Economics Review

US Economic Calendar.

This is a very important week for the US economy and capital markets, with today’s FOMC decision and US PPI inflation report, Wednesday’s US CPI report, and the “quadruple witching” day on Friday.

The Cara Global 100 Stockwatch

Here are the Monday session Cara 100 gainers.

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Here are Cara 100 losers from Monday.

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Here are the Cara 100 stocks that hit 52-week intra-day highs or lows in the Monday session.

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Here are the Cara 100 stocks that had extreme volume changes.

It pays to watch the price and volume extremes, ie, Money Flow, especially when markets start trending.

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Key Stocks plus Cara 100 In Focus

There are various sources for up/down grades by broker-dealers. One is at Briefing.com. Traders ought to check everyday for ratings changes. That website is updated later in the morning.

I am appreciative to the folks at KNOBIAS, Inc for providing the Cara 100 summaries.

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Relative Strength Index (RSI) analysis of the Cara 100 company stocks .

RSI > 70 (12 of 13)

RSI < 30 (5)

Here are the Cara 100 stocks that traded Monday with the highest and lowest RSI-7, sorted by (i) daily and (ii) monthly values:

“Chris,” used BillCara2.com data that is unsmoothed, unlike the data from Worden used by “David”.

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US Equity Markets Review

DJIA (interactive) chart

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NASDAQ Composite (interactive) chart

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International Equity Markets Review

Asia-Pacific

The indexes across Asia-Pacific equity markets were mostly negative today except for India. Mostly concerns about bank solvency.

Here is the latest session data for the Asia-Pacific stock exchanges.

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Here is the latest chart for the Japanese Nikkei 225 index.

The Nikkei Dow dropped -325 points Tuesday to compensate for the 300 point gain before the holiday weekend. The index closed at 15801.8.

The N225 closed two weeks ago Friday at 16569, and was well over 18000 in July.

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Here is the latest chart for the Singapore index .

Today, the Singapore STI was flat.

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Here is the latest chart for the Shanghai Composite index .

The Shanghai Composite gained +2.06 pct to 5421.4, which is a fresh new closing record. Also the 5427.17 was a new intra-day record high.

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Here is the latest chart for the Hong Kong Heng Seng index .

The Hong Kong market was flat.

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Here is the latest chart for the India BSE 30 index .

Today, the Bombay Stock Exchange BSE 30 Sensex index rallied in the afternoon to move up +1.06 pct to 15669.

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Here is the latest chart for the Australian All Ordinaries index .

The All Ordinaries index of Australia lost -1.20 pct today to close at 6208.

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Europe>

Here is the latest session data for the bourses of Europe.

Sensing a set-up day with the US PPI and FOMC, there are solid green arrows today across Europe. The gains are significant.

Funny how traders in Europe forgot their concerns related to the risky state of the credit markets there. As I say, however, after Northern Rock PLC, what is the next shoe to drop?

Here is the latest chart for the UK FTSE 100 index.

The FTSE is up +1.3 pct at 6263.6 in the early part of the session (9:13am ET). Wasn’t that PPI data a lovely set up? Assist goes to the US Labor Dept. Bernanke goal to come.

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US Dollar Review

Here is the chart of the recent trading.

The trade-weighted USD is trading at 79.689 at shortly after the 8:30am ET US PPI report. How can anybody respect a phony dollar?

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Oil Review

Interactive Chart of Weekly Crude Oil:

Here is the e-miNY Oct-07 Crude Oil chart.

Crude Oil is presently (about 8:50am) at 80.75.

Wooden nickels will keep the OPEC producers asking for more of them.

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Gold & Precious Metals Review

Here is the Recent Spot Gold chart.

Spot gold is presently (about 9:18am) at 717.10.

I can just see gold zooming tomorrow.

Gold traders are looking for a weaker USD (say below 79.50) before rallying the bullion once again. That may happen today or tomorrow, “after the FOMC announcement plus a day or two of post-Fed intervention, but I think it will happen”.

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Here is the Recent Spot Silver chart.

Spot silver is stronger today (9:20am ET), presently at 12.80.

Recent Spot Silver chart.

I like the Kitco.com charts btw, but also need the ones at Yahoo Finance, StockCharts.com, BillCara2.com and ADVFN.com before making any opinion.

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Here is the The Goldminers stock index chart.

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Wrap-up

I’ll be attending a luncheon with Noront’s Dick Nemis today (TSX.V: NOT).

Have a good day.

Btw, I decided today that I will be inserting a “Tip Jar”. My costs of maintaining this site are going out of sight. I was going to put up advertising, and I still might, but haven’t found the right source. Anyway, your contributions will be appreciated.

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