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November 8, 2007

Cara's Daily Report and Commentary, Thurs., Nov 8, 2007

Bear with me as once again I find myself completely in the dark. Oh oh, call out the pun police.

As this report is late due to having no connectivity for well over 4 hours, I’ll skip the usual market recap other than to say that yesterday the USD hit a new all-time low against the Euro, British Pound and Canadian Loonie.

The Toronto Star headline today reads, “Loonie’s rise signals end of American era”.

Getting back to reality, the falling $USD index has caused precious metals prices to soar. But, arguably for the first time, the Equity Market Bulls have turned weak-kneed.

Credit market worries and speculation among commodity and equity traders, particularly in the Asia-Pacific and Emerging Market countries, are now at the forefront of our thinking.

This morning at 7:00am ET (1200 GMT) the Bank of England released their monetary policy decision. Forty-five minutes later, the European Central Bank did the same. Prof. Bernanke of the US Fed will be speaking today. The focus, then, continues to be on international interest rates and currency flows, and looking for signs of co-operation among G-7 central bankers to avert a global currency crisis.

I don’t agree with the “end of the empire” hyperbole (although I tend to use it myself sometimes), but clearly there is a crisis in global currency markets. As open-minded traders know, crisis equals opportunity.

The problem, as I see it, is that the vast majority of traders are not day traders, and the capital markets presently are working with inflamed emotions and hot money that is moving too swiftly for proper long-term decision-making.

So, the options are to get with the day trading program or go to cash.


International Economics Review

US Economic Calendar.


Cara 100 Daily RSI-7 Charts

RSI > 70 (6)

RSI < 30 (12 of 21)



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
HPQ 51.84 -1.57 -2.94% 0.31% 0.47% -0.78% 24.56% 6.93% 18.36% 33.95%
INTC 26.90 -0.59 -2.15% 0.00% 3.42% 3.94% 32.19% 11.48% 22.50% 29.26%
PG 69.42 -1.05 -1.49% -0.14% -2.75% -2.77% 7.56% 6.42% 11.64% 8.28%
MO 71.98 -0.96 -1.32% -1.30% -0.53% 2.83% 10.87% 3.99% 4.05% 19.39%
CAT 73.60 -1.32 -1.76% -1.35% -2.89% -9.31% 20.34% -8.50% 1.28% 22.83%
BA 96.89 -0.81 -0.83% -1.72% 2.79% -1.81% 8.66% -6.13% 2.46% 14.19%
JNJ 63.91 -0.70 -1.08% -1.93% -0.82% -2.92% -3.75% 2.95% -0.54% -6.99%
HON 59.04 -1.95 -3.20% -2.27% 0.54% -2.75% 30.91% 0.29% 6.71% 39.18%
MCD 58.38 -1.36 -2.28% -2.29% 2.15% 2.37% 33.07% 17.39% 17.94% 40.13%
UTX 74.46 -2.16 -2.82% -2.78% -2.65% -7.50% 18.55% 0.42% 7.83% 13.66%
WMT 43.93 -0.36 -0.81% -2.83% 0.14% -3.64% -7.61% -6.65% -9.63% -7.81%
KO 59.96 -1.05 -1.72% -2.91% -0.37% 3.61% 23.43% 10.10% 11.84% 27.79%
DIS 33.50 -0.58 -1.70% -3.26% -4.45% -5.05% -2.05% -3.04% -7.10% 1.98%
MSFT 35.52 -0.89 -2.44% -3.50% 13.66% 17.50% 18.96% 20.20% 15.66% 22.65%
MMM 83.27 -2.18 -2.55% -3.58% -3.29% -13.10% 6.40% -5.41% -1.95% 4.85%
IBM 111.08 -2.09 -1.85% -4.34% -1.66% -6.36% 14.20% -2.16% 7.68% 19.76%
DD 47.15 -1.23 -2.54% -4.77% -0.82% -3.80% -3.85% -0.53% -8.68% 3.04%
GE 39.08 -1.10 -2.74% -5.05% -2.86% -6.53% 2.92% -1.01% 4.94% 9.96%
XOM 87.20 -3.18 -3.52% -5.21% -5.35% -6.37% 17.66% 1.75% 7.88% 20.23%
PFE 23.32 -0.61 -2.55% -5.24% -2.75% -8.69% -11.30% -4.23% -14.83% -14.55%
AA 37.40 -1.17 -3.03% -5.53% -2.09% -3.43% 27.51% 2.16% -3.18% 29.59%
VZ 43.10 -0.64 -1.46% -6.45% -2.97% -5.54% 13.96% -0.02% 5.56% 16.90%
HD 29.34 -0.72 -2.40% -6.89% -4.99% -12.81% -28.56% -19.40% -24.46% -21.19%
MRK 54.20 -1.79 -3.20% -6.97% -3.56% 1.82% 23.13% 4.98% 4.17% 18.08%
T 38.66 -1.38 -3.45% -7.49% -6.96% -7.40% 10.62% -4.45% -2.37% 12.71%
AIG 57.90 -4.15 -6.69% -8.27% -9.30% -15.51% -19.75% -11.67% -19.13% -14.69%
AXP 55.37 -3.20 -5.46% -9.16% -6.06% -10.53% -8.27% -8.37% -12.49% -5.27%
JPM 42.24 -1.87 -4.24% -10.13% -8.71% -9.96% -12.13% -6.84% -19.89% -11.05%
GM 33.95 -2.21 -6.11% -13.37% -12.25% -10.96% 15.28% 1.40% 12.72% -1.94%
C 33.41 -1.67 -4.76% -20.26% -20.11% -29.13% -39.53% -31.24% -37.99% -33.82%

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_07 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
XLP 27.95 -0.31 -1.10% -1.38% 0.11% -0.53% 6.35% 2.38% 1.82% 9.18%
XLI 39.70 -0.98 -2.41% -2.10% -1.24% -4.20% 12.69% -0.10% 4.25% 14.71%
XLU 41.45 -0.97 -2.29% -2.36% 3.63% 1.15% 12.57% 4.02% -2.68% 17.49%
XLE 74.55 -3.20 -4.12% -2.61% -0.72% -2.97% 31.76% 9.25% 15.01% 31.78%
SMH 33.65 -0.76 -2.21% -2.80% -2.32% -11.66% 0.24% -10.12% -10.19% -0.88%
IYH 69.67 -1.27 -1.79% -3.25% -1.72% -3.69% 4.83% 1.44% -4.05% 4.39%
XLB 42.00 -1.21 -2.80% -4.04% -0.36% -2.87% 21.35% 7.39% 5.21% 25.07%
XLY 34.80 -0.73 -2.05% -5.28% -4.26% -7.94% -9.66% -6.35% -11.90% -6.33%
IYZ 30.14 -1.19 -3.80% -6.75% -6.72% -10.93% 1.62% -8.67% -8.08% 4.22%
XLF 30.06 -1.53 -4.84% -10.70% -8.72% -15.32% -18.58% -11.72% -20.41% -15.54%

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 3.29 3.59 3.77 3.85
6 Month 3.58 3.74 3.92 4.02
2 Year 3.55 3.70 3.94 4.07
3 Year 3.52 3.68 3.91 4.11
5 Year 3.88 3.99 4.16 4.33
10 Year 4.31 4.37 4.47 4.64
30 Year 4.65 4.67 4.74 4.87
Municipal Bonds
Maturity Yield Yesterday Last Week Last Month
2yr AA 3.32 3.32 3.36 3.46
2yr AAA 3.30 3.31 3.35 3.39
2yr A 3.32 3.33 3.37 3.37
5yr AAA 3.42 3.41 3.44 3.50
5yr AA 3.43 3.41 3.42 3.45
5yr A 3.53 3.51 3.61 3.72
10yr AAA 3.85 3.80 3.78 3.76
10yr AA 3.76 3.70 3.74 3.74
10yr A 4.08 4.03 4.01 3.89
20yr AAA 4.45 4.44 4.39 4.29
20yr AA 4.65 4.63 4.59 4.48
20yr A 4.46 4.45 4.40 4.30
Corporate Bonds
Maturity Yield Yesterday Last Week Last Month
2yr AA 4.53 4.60 4.73 4.77
2yr A 4.72 4.76 4.83 4.88
5yr AAA 4.77 4.83 4.91 4.77
5yr AA 5.11 5.15 5.13 5.19
5yr A 5.04 5.08 5.14 5.24
10yr AAA 5.34 5.37 5.34 5.52
10yr AA 5.80 5.71 5.63 5.71
10yr A 5.92 5.89 5.77 5.80
20yr AAA 5.10 5.08 5.76 5.95
20yr AA 6.07 6.08 5.94 6.32
20yr A 6.13 6.11 6.10 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 104.12 0.06 0.06% 1.27% 0.94% 2.89% 4.93% 4.49% 3.44% 3.88%
TLT 90.72 0.16 0.18% 0.82% -0.33% 2.88% 1.85% 4.20% 2.12% 1.70%
IEF 85.15 0.30 0.35% 0.81% -0.01% 2.23% 2.99% 3.61% 2.53% 2.90%
SHY 81.58 0.23 0.28% 0.28% 0.11% 0.85% 1.92% 1.64% 1.83% 1.94%
AGG 100.32 -0.01 -0.01% -0.29% -0.78% 0.75% 0.41% 1.87% 0.15% 0.50%
CFC 13.63 -1.39 -9.25% -12.18% -1.45% -27.50% -67.63% -50.16% -64.61% -64.73%
FNM 49.79 -5.60 -10.11% -12.71% -11.41% -25.02% -16.82% -22.72% -19.28% -16.88%
FRE 45.13 -4.26 -8.63% -13.59% -11.60% -27.27% -33.52% -26.78% -32.85% -35.40%

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 54.21 -0.29 -0.53% 6.50% 17.44% 17.29% 22.65% 32.45% 29.16% 18.65%
BVN 60.90 -0.04 -0.07% 6.08% 17.32% 20.59% 120.57% 58.59% 79.28% 125.56%
ABX 46.24 -0.74 -1.58% 4.78% 10.38% 9.91% 55.01% 37.33% 48.83% 53.32%
GG 36.26 -0.82 -2.21% 3.22% 12.78% 14.93% 32.63% 46.62% 44.64% 37.19%
KGC 20.01 -0.83 -3.98% 1.68% 15.33% 27.78% 75.22% 56.94% 44.06% 71.03%
GFI 18.10 -0.02 -0.11% 0.17% 0.84% -0.71% -1.25% 18.84% -0.39% 0.44%
AEM 56.38 -1.63 -2.81% -0.90% 8.67% 3.64% 44.86% 32.97% 56.44% 47.75%
MDG 40.35 -1.91 -4.52% -1.49% 4.53% 12.68% 53.48% 49.50% 55.13% 53.13%
AUY 14.65 -0.84 -5.42% -2.46% 4.64% 13.57% 18.82% 38.21% 1.81% 29.65%


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 35.55 -0.87 -2.39% -1.47% 5.12% 5.27% 43.93% 20.39% 23.74% 41.63%
QQQQ 53.35 -1.33 -2.43% -3.05% -0.78% -0.30% 23.38% 10.43% 14.41% 24.56%
IEV 120.63 -1.94 -1.58% -3.19% 0.36% -0.55% 14.23% 5.81% 3.23% 18.09%
EWJ 13.80 -0.26 -1.85% -3.83% -1.08% -4.83% -2.82% -3.02% -4.83% 0.15%
EWZ 81.87 -3.04 -3.58% -4.27% 4.29% 3.40% 75.31% 31.54% 49.67% 88.95%
SPY 147.91 -4.11 -2.70% -4.36% -2.36% -5.32% 4.63% 0.11% -2.01% 6.71%
EWU 25.73 -0.77 -2.91% -5.72% -1.49% -2.46% 9.26% 3.29% 1.06% 10.71%
TRF 70.21 -2.60 -3.57% -6.25% 0.30% -0.13% -20.71% 6.67% 0.39% 1.47%
IFN 57.92 -2.88 -4.74% -10.55% 1.67% 0.68% 27.75% 25.91% 41.16% 21.89%
FXI 188.80 -9.45 -4.77% -13.68% -8.57% -1.84% 62.20% 44.96% 69.80% 114.25%


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:

With over 250 responses in the Discourse section of the Community Chat in 24 hours, your enthusiasm for capital markets is palpable. And your sense of humor, during a day that can best be summed up as challenging for the Bulls, reminds me of the usual chatter on professional trading desks, although somewhat better mannered.

This development is encouraging to me because I think it means that you are now seeing all sides of the market, not just the usual retail account perma-bull perspective.

Again, your willingness to share your time and your knowledge has been terrific. We agree, I think, that participating in this community holds a key to our individual trading success.

Have a great day, stay connected (if your telecom utility permits it) and hold that thought.


Posted by Posted by Bill Cara on November 8, 2007 11:26:02 AM | Category: Cara Today in the Market