On the economic data front, today the FOMC minutes from the last Fed meeting will be released. Also, the ICSC-UBS Chain Store Sales Index and the ABC Washington Post Consumer Comfort Index are reported.

As to deals, Molson Coors Brewing (TAP) and SABMiller (SAB.L) plan to combine their US and Puerto Rican operations, “creating a beer powerhouse with annual revenue of about $6.6 billion (Knobias)”. Also, AT&T (T) has agreed to pay $2.5 billion to purchase wireless spectrum from Aloha Partners LP.

European shares have edged higher and Asian markets closed up; the Nikkei gained +95 points (+0.56 pct), the DJ Shanghai index gained +0.46 pct, Hong Kong’s Hang Seng index jumped +458 points (+1.65 pct), and India’s Sensex BSE30 soared +857 (+4.9 pct) today.

---

International Economics Review

US Economic Calendar

---

The Cara Global 100 Stockwatch

Here are the Monday session Cara 100 gainers.

---

Here are Cara 100 losers from Monday.

---

Here are the Cara 100 stocks that hit 52-week intra-day highs or lows in the Monday session. The New Highs list is growing. Watch the Distribution Zone for Sell Alerts as otherwise strong stocks fall below 70 on the Daily and Weekly RSI-7.

Successful traders sell into strength (and buy into weakness), like any businessperson would do.

---

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

Only two were +25 pct or more above the average daily share volume.

---

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.

---

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

RSI > 70 (12 of 27)

RSI < 30 (1)

---

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”.

---

US Equity Markets Review

DJIA (interactive) chart

---

NASDAQ Composite (interactive) chart

---

International Equity Markets Review

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

A new record high close and intra-day high for the Bombay Sensex index.

Download Oct 8 Report on India by Deepak Lalwani.

Deepak Lalwani calls this market over-bought and frothy. I suspect that when the balloon pops of this one that the global equity market boom is over. But, as you know, I think the international markets are splitting into the have’s and the have-not’s. US, UK, Europe and Japan represents the have-not group, which I believe will continue the Bear the next time market prices start to slide (watch India for signs of that). But the have’s group (India, China, Hong Kong, Singapore, Russia, Brazil, Canada and Australia) will hold up for an extended primary cycle top (for one more cycle) – if HB&B doesn’t intervene and smash the commodity producers in the meantime. If they do, the whole world will go into a Bear.

---

Wrap-up

I must attend to other matters today, and so cut down this report a lot.

Have a good one.

---