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November 7, 2007

Cara's Daily Report and Commentary, Wed., Nov 7, 2007

Yesterday, the USD hit a new all-time low against the euro, and precious metals prices soared. The public is starting to take notice that America is presently leadership-challenged, and is pouring millions daily into the coffers of poll laggard Republican presidential hopeful Dr. Ron Paul who appears to be a Man for the Times.

The Dow (+117.54), S&P (+18.10), and Nasdaq (+30.00) rallied late in the face of surging commodity prices. Crude Oil December eMiNY contracts closed at $96.70, up +2.72/bbl (+2.89 pct) and $GOLD futures closed at $823.40, up 12.60 (+1.55 pct). The Canadian Dollar is no longer a Loonie; it’s almost a Toonie, closing at $1.0841 American (+1.21 pct).

The trade-weighted $USD closed at a record low of 76.04, while the Euro closed at a record high of 145.56 (+0.60 pct). The British Pound closed at a record high 208.70 (+0.32 pct), while the Yen dropped a little to close at 87.36.

On the earnings front, IndyMac Bancorp (IMB) posted a 3Q net loss of $202.7 million vs a net income of $86.2 million a year earlier, due to a $575 million pretax credit-related charge in addition to bad loans. Nortel Networks (NT) moved to a profit of $27 million vs a year-earlier net loss of $63 million, due to higher profit margins. Molson Coors Brewing (TAP) 3Q net income dropped -0.8 pct to $134.7 million from $135.8 million a year earlier, due to charges related to combining its US and Puerto Rican operations with those of SABMiller PLC. Archer Daniels Midland (ADM) reported 1Q net income rose +9.4 pct to $441 million vs $403 million a year earlier, on higher prices for sweeteners, starches and oilseed products. Lear Corp (LEA) moved to a 3Q net profit of $41 million from a net loss of $74 million a year ago, mostly due to lower costs. Tenet Healthcare (THC) 3Q net loss dropped to $59 million vs a net loss of $89 million a year earlier, as more insured patients were admitted.

Crude Oil prices closed back up over $96/bbl as traders priced in a likely draw in inventories in today's Department of Energy report. XLE, the major Energy sector EFT, jumped +3.34 pct on the day, closing at 77.75.

In second place was XLB, the Basic Materials sector ETF, which gained +2.34 pct to close at 43.21. The Philly Goldminers Index ($XAU) was the winning industry for the day, up +3.52 pct.

The sector laggard was Utilities (XLU), up just 4 cents (+0.09 pct) to close at 42.42. The Dow Utilities ($UTIL) dropped -0.07 pct). Airlines ($XAL) dropped -2.86 pct), although Transports ($TRANQ) closed up +1.78 pct.

US Treasury yields lifted from +2.8 to +3.9 basis points on the late day equity rally, and the 30-year Treasury Bond closed down -0.38 pct to 113.81, yielding 4.652 pct. The 10-year yield closed at +4.357 pct.

In foreign stock ETF’s trading in NY in USD, the winners on the day were BIG WINNERS. South Korea (EWY +5.48 pct), Hong Kong (EWH +5.42 pct) and Brazil (EWZ +4.36 pct) made stunning gains, apparently being used to hedge USD losses.

At almost 6:30am ET, the London FTSE 100 index is down -0.9 pct and european bourses looking weak. In Asia-Pacific markets, India and Tokyo were down almost -1.0 pct, while Shanghai, Hong Kong and Sydney were up a similar amount.

Today, traders will be looking at the Cisco (CSCO) report, and of course the $USD, oil and gold. A few minutes ago Dec Oil hit 98.60 and is presently 98.125. Spot gold hit a high of 845.60 and is presently at 843.3. The problem here is that the $USD has fallen to a low of 75.21, presently at 75.375. One year ago, it was 85.70.




International Economics Review


US Economic Calendar.


Cara 100 Daily RSI-7 Charts

RSI > 70 (12 of 16)


RSI < 30 (12 of 15)




International Equity Markets Review

Europe

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


Here is the latest session data for the London stock exchange FTSE.


Here is the latest session data for the German DAX.


Here is the latest session data for the French CAC 40.


Here is the latest session data for the Milan Italy stock exchange MIBTEL.


Here is the latest session data for the Swiss market index.


Asia-Pacific

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


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


Here is the latest chart for the Singapore index .


Here is the latest chart for the Shanghai Composite index .


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


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

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


US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart


Table: 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 27.49 0.65 2.42% 4.64% 2.57% 6.39% 35.09% 13.92% 25.53% 31.97%
HPQ 53.41 0.87 1.66% 3.53% 2.99% 1.81% 28.33% 10.21% 21.97% 37.90%
MSFT 36.41 -0.32 -0.87% 2.36% 17.83% 20.96% 21.94% 23.26% 19.14% 26.25%
PG 70.47 0.29 0.41% 2.20% -1.11% -0.86% 9.19% 8.42% 12.91% 10.87%
CAT 74.92 1.42 1.93% 1.99% 0.67% -9.20% 22.50% -7.51% 2.49% 25.18%
HON 60.99 1.08 1.80% 1.80% 3.90% -0.41% 35.23% 3.46% 8.68% 45.21%
UTX 76.62 0.51 0.67% 1.06% 0.79% -5.64% 21.99% 2.36% 12.68% 17.61%
MCD 59.74 0.07 0.12% 0.95% 4.86% 4.11% 36.18% 20.78% 19.67% 42.82%
BA 97.70 -0.27 -0.28% 0.38% 2.90% -3.70% 9.57% -6.36% 4.37% 21.40%
DD 48.38 0.69 1.45% 0.31% 3.35% -2.22% -1.35% 1.55% -5.58% 5.38%
MO 72.94 0.58 0.80% 0.25% 1.18% 4.30% 12.35% 5.74% 5.16% 19.57%
JNJ 64.61 0.12 0.19% -0.32% 0.09% -2.48% -2.70% 3.71% 0.20% -5.57%
MMM 85.45 0.40 0.47% -0.40% -0.56% -10.64% 9.19% -2.64% 1.47% 7.36%
DIS 34.08 0.20 0.59% -0.61% -2.32% -3.86% -0.35% -0.64% -4.94% 4.99%
GE 40.18 -0.02 -0.05% -0.74% -0.74% -4.38% 5.82% 2.76% 8.16% 13.92%
IBM 113.17 -0.23 -0.20% -0.83% -1.32% -4.34% 16.35% -0.63% 9.92% 22.21%
XOM 90.38 2.72 3.10% -0.83% -1.06% -2.47% 21.95% 8.19% 12.20% 23.96%
KO 61.01 0.67 1.11% -1.17% 2.11% 5.41% 25.59% 12.50% 14.66% 30.34%
AIG 62.05 2.52 4.23% -1.21% -3.45% -11.50% -14.00% -3.89% -12.42% -8.07%
AA 38.57 0.67 1.77% -2.03% 0.81% -2.90% 31.50% 8.13% 8.16% 33.83%
PFE 23.93 0.26 1.10% -2.13% -0.50% -6.30% -8.98% -0.75% -11.63% -11.34%
WMT 44.29 0.26 0.59% -2.38% 0.82% -2.03% -6.86% -5.81% -8.25% -6.74%
AXP 58.57 0.40 0.69% -2.87% -0.15% -6.32% -2.97% -2.76% -7.60% 0.70%
MRK 55.99 0.06 0.11% -3.23% -0.66% 4.40% 27.19% 9.04% 7.84% 22.22%
T 40.04 0.00 0.00% -3.31% -4.71% -4.62% 14.56% -0.55% 1.42% 16.73%
VZ 43.74 -0.08 -0.18% -3.57% -2.39% -4.12% 15.65% 0.74% 7.58% 18.28%
HD 30.06 0.26 0.87% -4.45% -2.78% -11.07% -26.81% -18.51% -22.72% -19.24%
JPM 44.11 1.34 3.13% -5.26% -3.98% -7.27% -8.24% -2.22% -16.19% -7.43%
GM 36.16 0.16 0.44% -5.39% -5.71% -5.66% 22.78% 11.43% 17.10% 4.21%
C 35.08 -0.82 -2.28% -16.69% -17.34% -26.33% -36.51% -27.45% -35.15% -30.15%

You 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)



The Americas

Here is the latest session data for the exchanges of the Americas.


Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.


Here is the latest session data for the Toronto Stock Exchange composite index.


The US equity market Sector ETF Summary

The tables I show in this section 2007_11_06 are for ten (GICS) Sector Index Funds (ETF’s) only, but they cover the full spectrum of the US equity market.

Table 1: Cara ETF List is sorted by price performance Week over Week (W/W), i.e. 1W%N.

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 77.75 2.51 3.34% 4.10% 4.22% 2.65% 37.42% 16.92% 20.26% 36.38%
XLB 43.21 0.99 2.34% 1.19% 2.71% -0.67% 24.85% 11.17% 9.67% 28.26%
XLI 40.68 0.63 1.57% 1.19% 0.89% -2.91% 15.47% 2.37% 7.11% 18.88%
XLU 42.42 0.04 0.09% 1.10% 5.94% 2.74% 15.21% 8.38% 0.78% 19.76%
SMH 34.41 0.36 1.06% 0.56% -2.88% -10.27% 2.50% -8.24% -8.29% 2.44%
XLP 28.26 0.19 0.68% 0.21% 0.93% 1.15% 7.53% 3.37% 3.14% 10.56%
IYH 70.94 0.37 0.52% -0.66% -0.34% -1.96% 6.74% 3.74% -1.91% 6.90%
IYZ 31.33 0.09 0.29% -2.19% -4.25% -7.74% 5.63% -4.80% -4.45% 8.82%
XLY 35.53 0.31 0.88% -2.74% -2.58% -6.43% -7.76% -3.84% -10.05% -4.10%
XLF 31.59 0.32 1.02% -5.48% -4.79% -11.51% -14.44% -6.26% -16.25% -11.06%

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, go to the AMEX.com web site, and click on ETF’s.


10 (energy: XLE)

ETF Chart for Energy:XLE

15 (basic materials: XLB)

ETF Chart for Basic Materials:XLB

20 (industrial: XLI)

ETF Chart for Industrial:XLI

25 (consumer discretionary: XLY)

ETF Chart for Energy:XLY

30 (consumer staples: XLP)

ETF Chart for Consumer Staples:XLP

35 (healthcare: IYH)

ETF Chart for Health Care:IYH

40 (financial: XLF)

ETF Chart for Financial:XLF

45 (technology, semiconductor: SMH)

ETF Chart for Technology, Semiconductor:SMH

50 (telecom: IYZ)

ETF Chart for Telecom:IYZ

55 (utilities: XLU)

ETF Chart for Utilities:XLU


Bonds & Yields Review

Table 10: US Treasury Yields

US Treasury Bonds
Maturity Yield Yesterday Last Week Last Month
3 Month 3.59 3.59 3.81 3.85
6 Month 3.74 3.76 3.88 4.02
2 Year 3.70 3.67 3.80 4.07
3 Year 3.68 3.65 3.79 4.11
5 Year 3.99 3.96 4.05 4.33
10 Year 4.37 4.34 4.38 4.64
30 Year 4.67 4.63 4.67 4.87
Municipal Bonds
Maturity Yield Yesterday Last Week Last Month
2yr AA 3.32 3.29 3.32 3.46
2yr AAA 3.31 3.28 3.34 3.39
2yr A 3.33 3.30 3.36 3.37
5yr AAA 3.41 3.40 3.44 3.50
5yr AA 3.41 3.43 3.40 3.45
5yr A 3.51 3.50 3.59 3.72
10yr AAA 3.80 3.78 3.77 3.76
10yr AA 3.70 3.75 3.72 3.74
10yr A 4.03 4.01 3.98 3.89
20yr AAA 4.44 4.43 4.38 4.29
20yr AA 4.63 4.63 4.57 4.48
20yr A 4.45 4.44 4.38 4.30
Corporate Bonds
Maturity Yield Yesterday Last Week Last Month
2yr AA 4.60 4.55 4.60 4.77
2yr A 4.76 4.75 4.71 4.88
5yr AAA 4.83 4.76 4.82 4.77
5yr AA 5.15 5.09 5.02 5.19
5yr A 5.08 5.03 5.00 5.24
10yr AAA 5.37 5.19 5.21 5.52
10yr AA 5.71 5.66 5.57 5.71
10yr A 5.89 5.79 5.66 5.80
20yr AAA 5.08 5.04 5.66 5.95
20yr AA 6.08 5.90 5.87 6.32
20yr A 6.11 6.06 6.00 6.28


Here is the $USB 30-year Treasury Bond chart.


Bond Yields Curve




US Bond Funds -- Interactive Daily Data Charts

SHY Daily data series chart:

US Bond Funds - Daily Data For SHY

IEF Daily data series chart:

US Bond Funds - Daily Data For IEF

TLT Daily data series chart:

US Bond Funds - Daily Data For TLT

AGG Daily data series chart:

US Bond Funds - Daily Data For AGG

LQD Daily data series chart:

US Bond Funds - Daily Data For LQD

TIP Daily data series chart:

US Bond Funds - Daily Data For TIP


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
TIP 104.06 0.01 0.01% 0.75% 1.27% 2.90% 4.87% 4.44% 3.31% 4.20%
SHY 81.35 -0.05 -0.06% -0.16% -0.04% 0.59% 1.64% 1.26% 1.55% 1.78%
IEF 84.85 -0.14 -0.16% -0.22% 0.14% 1.93% 2.62% 3.09% 2.25% 2.89%
TLT 90.56 -0.44 -0.48% -0.26% 0.30% 2.79% 1.67% 3.75% 2.21% 1.99%
AGG 100.33 -0.13 -0.13% -0.56% -0.34% 0.90% 0.42% 1.81% 0.26% 0.78%
FNM 55.39 3.39 6.52% -2.81% -4.94% -17.27% -7.47% -11.38% -9.48% -7.00%
FRE 49.39 2.05 4.33% -4.93% -7.23% -21.33% -27.25% -17.68% -25.52% -28.59%
CFC 15.02 0.24 1.62% -5.77% -0.20% -22.01% -64.33% -43.85% -60.47% -61.34%


Consumer Finance -USA -- Interactive Daily Data Charts


Consumer Finance -USA- Daily Data Charts CFC

Consumer Finance -USA- Daily Data Charts FNM

Consumer Finance -USA- Daily Data Charts FRE


Commodities Review

$CRB Index

Open Futures Contracts


Interactive Chart of Daily CRB Commodities Index:

CRB Commodities Index - Daily Chart

Interactive Chart of Weekly CRB Commodities Index:

CRB Commodities Index - Weekly Chart



Oil Review

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

Interactive Chart of Daily Crude Oil:

Crude Oil- Daily Chart


Interactive Chart of Weekly Crude Oil:


Crude Oil- Weekly Chart



Gold & Precious Metals Review

Spot gold chart for the week


Interactive Chart of Daily Gold EOD Continuous Contract Index:


GOLD EOD Continuous Contract Index- Daily Chart

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

GOLD EOD Continuous Contract Index - Weekly Chart


Spot silver chart for the week

Interactive daily data


Interactive Chart of Daily Silver EOD Continuous Contract Index:


SILVER EOD Continuous Contract Index- Daily Chart

Interactive chart of the Silver Bullion index.


Interactive Chart of Weekly Silver EOD Continuous Contract Index:


SILVER EOD Continuous Contract Index - Weekly Chart



Spot platinum chart for the past three days

Interactive Chart of Daily Platinum EOD Continuous Contract Index:


PLAT EOD Continuous Contract Index- Daily Chart


Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

PLAT EOD Continuous Contract Index - Weekly Chart


Interactive chart of the Platinum metal index.


Spot palladium chart for the week

Interactive Chart of Daily Palladium EOD Continuous Contract Index:


PALL EOD Continuous Contract Index- Daily Chart


Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

PALL EOD Continuous Contract Index - Weekly Chart


Interactive chart of the Palladium metal index.


Interactive Chart of Weekly Copper EOD Continuous Contract Index:


COPPER EOD Continuous Contract Index- Daily Chart


COPPER EOD Continuous Contract Index - Weekly Chart


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
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
NEM 54.50 2.16 4.13% 17.36% 19.05% 18.43% 23.30% 34.04% 29.92% 18.89%
ABX 46.98 0.94 2.04% 10.83% 12.50% 12.12% 57.49% 40.95% 54.08% 56.65%
GG 37.08 1.32 3.69% 9.80% 15.88% 20.04% 35.63% 51.53% 48.68% 41.74%
KGC 20.84 0.54 2.66% 9.80% 21.80% 36.57% 82.49% 65.79% 50.25% 73.52%
BVN 60.94 2.80 4.82% 9.31% 16.08% 22.59% 120.72% 61.90% 82.62% 129.96%
AEM 58.01 1.82 3.24% 5.68% 9.56% 8.45% 49.05% 39.92% 61.77% 51.78%
MDG 42.26 1.75 4.32% 5.52% 10.86% 24.22% 60.75% 60.50% 62.29% 60.99%
AUY 15.49 0.70 4.73% 4.73% 12.17% 27.70% 25.63% 49.95% 8.09% 37.69%
GFI 18.12 0.71 4.08% 2.20% 1.12% -0.49% -1.15% 18.74% 0.83% 2.84%


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 Daily U.S. Goldminers Index:

Daily U.S. Goldminers Index - Daily Chart

Weekly U.S. Goldminers Index:


Interactive Chart of Weekly U.S. Goldminers Index:


Weekly U.S. Goldminers Index - Weekly Chart



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 Daily data:


GDX Daily Data Chart


GDX Weekly data:


GDX Weekly Data Chart



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 Daily data:

XGD Daily Data Chart

Interactive Chart of XGD Weekly data:

XGD Weekly Data Chart



Forex Review

Here is the chart of the week’s trading in the $USD.

Interactive Chart of Daily U.S. Dollar Index:


Daily U.S. Dollar Index - Weekly Chart


Interactive Chart of Daily Euro Dollar Index, priced in USD:


Daily Euro Dollar Index - Priced in USD


Daily British Pound Index:


Daily British Pound Index - Daily Chart


Daily Japanese Yen Index:

Daily Japanese Yen Index - Daily Chart


Daily Canadian Dollar Index:

Daily Canadian Dollar Index - Daily Chart


International Equity Market USD-denominated ETF Review

Table 13: International equities via the USD-denominated ETF 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
EWC 36.42 0.77 2.16% 4.63% 7.82% 8.43% 47.45% 23.63% 28.38% 44.64%
EWZ 84.91 3.46 4.25% 2.09% 7.97% 7.07% 81.82% 38.97% 54.72% 93.51%
QQQQ 54.68 0.61 1.13% 0.77% 0.92% 2.44% 26.46% 13.99% 17.26% 28.54%
TRF 72.81 2.01 2.84% 0.43% 4.22% 2.88% -17.78% 11.16% 4.39% 5.52%
IEV 122.57 1.67 1.38% -0.30% 1.84% 1.09% 16.07% 7.92% 4.90% 20.75%
SPY 152.02 1.97 1.31% -0.68% 0.17% -2.83% 7.53% 3.97% 0.73% 10.10%
EWU 26.50 0.34 1.30% -1.23% 0.99% 0.15% 12.53% 7.77% 4.04% 14.32%
EWJ 14.06 0.16 1.15% -1.40% 0.36% -3.50% -0.99% -1.40% -2.56% 1.88%
IFN 60.80 0.01 0.02% -1.78% 5.37% 7.90% 34.10% 34.60% 45.98% 27.12%
FXI 198.25 8.44 4.45% -6.06% -5.61% 3.41% 70.32% 51.12% 79.90% 123.58%


Japanese equity market ETF: EWJ

Here is the Japanese (EWJ) equity market ETF Daily data charts:

Interactive EWJ Daily data:


Daily EWJ

Interactive EWJ Weekly data:


Weekly EWJ



U.K. equity market ETF

Here is the United Kingdom (EWU) equity market ETF Daily data charts:

Interactive EWU Daily data:

EWU Daily data:


Daily EWU Data

Interactive EWU Weekly data:


Weekly EWU Data


Canada’s equity market

Here is the Canadian (EWC) equity market ETF Daily data charts:

Interactive EWC Daily data:


Daily EWC Data

Interactive EWC Weekly data:


Weekly EWC Data



Wrap up:

Your willingness to share your time and your knowledge has been terrific. We as a community hold the key to our individual success in trading capital markets.

Have a great day, stay connected and hold that thought.


Posted by Posted by Bill Cara on November 7, 2007 06:32:25 AM | Category: Cara Today in the Market