I feel that, despite several trillion dollars of lost wealth in the equity market since October, the primary Bear is just half over. There are too many Bulls and too much hope for the condition referred to as capitulation to exist.

But, without any question, the combination of the Fed’s easing (double round of rate cuts in the past two weeks) and the US Government’s $150 billion stimulus plan will boost the domestic economy in the second half of 2008. The question is how much impact it will have on short and intermediate cycles and which industries are going to benefit most.

I have been scratching my head on this development wondering how somebody like Treasury Secretary Henry Paulson, with a razor sharp intellect, can look into the cameras and tell Mom & Pop “this deal is for you”. I know it’s his job and all, but how pathetic can the misrepresentations be before the man simply cannot sleep at night.

These financial aid packages are here to help the banks and corporate America, not the consumers. Knowing that the government is cutting $150 billion checks to the People, prices in the stores for consumer products have already gone up and the Retailer stocks ($RLX + 18.0 pct in less than three weeks) have already skyrocketed.

Why not? Traders know that when Jane goes down to JC Penny to buy that dress she’s wanted, does she care the price jumped from $60 to $90? Not when the govt handed her the money. And when Joe pops into Home Depot to buy that power drill, would he care that he could have purchased the same item in December for 30 pct less? Nope. The govt made him do it.

So inside a couple weeks, JCP rocketed +45 pct and HD soared +28 pct. And Jane and Joe did nothing more than buy inflation. Thank you, Henry Paulson.

I say it was Mr. Treasury Secretary because I hardly think the President gave this one much thought.

And when Mary and John, the brother and sister of Jane and Joe, get their new “found” money, they might even do the prudent thing, which would be to pay down their bank loans and credit card debt. So, traders who figured that one out have already popped the stocks of banks and credit card companies. The $BKS surged +28.5 pct and Master Card (MC) jumped +22.6 pct in three weeks.

So sub-prime Mary & John help clean up the problems of the financial companies at the same time the Fed cuts the bankers’ cost of borrowing. But do prime rates come down? Do credit card rates come down? Nope. This is all about serving the interests of bankers. In fact, ‘sub-prime’ Mom & Pop are now going to fill up the bank reserves to help those banks lend even more to their ‘prime’ Friends & Family.

And when banks and insurance companies are freshened up with new capital, they are going to spend it on computer hardware, software and communications gear and bandwidth. Why? Because they need automation to replace the human staff (Mom, Pop & their kids) they recently terminated. Besides, the branch offices they closed need to be replaced with more ATM machines. Didn’t you hear? The world is going electronic. Doesn’t need people.

So smart traders, people like Henry Paulson, had it figured out. Print money. Reflate. Keep the game going hopefully through the new Presidential and congressional elections this Fall.

Had the US authorities actually wanted to do good, they could have held the line on rates, fought inflation, let the stronger banks take over the weak ones, and spent the $150 billion with matching funds from industry to create new jobs in situations like alleviating traffic jams and providing cheaper computers to educational facilities. You know, stuff that actually creates wealth and not inflation or more bonuses to bankers.

But, the leaders of America don’t get it. They think they can rip off Mom & Pop forever, transferring wealth from the masses to the classes, ignoring the resultant increase in dysfunctional society.

Please note: that’s not a political statement because the process continues under the watch of both Parties. Both Parties have sunk in the public polls, for good reason.

I’ll say this: when people can get good jobs, they become happy. They start to buy cars and homes. It doesn’t take a rocket scientist to figure out that America is screwed up today.

Some people – not me – will tell you that the -125 basis point cut in a bank’s borrowing cost and the gift of $500 to every man, woman and child is going to fix the problems.

Dream on.

Now, I have been asked a lot about what to do with cash on the sidelines. The high yielding business & royalty income funds have really boomed in the past couple weeks, so that is no longer an option. But should these securities come back down in price in the next couple weeks then that is where I would recommend cash be put to work.

Some of these instruments have very good underlying cash flow yields that serve to protect their high distribution yields. Traders need to check the current price-to-cash flow ratios as well.

You need to do your due diligence in this area though because should a recession occur and get serious, the share prices might fall off as distributions could potentially get cut.

As you know, with income securities, it’s all about Total Performance (distributions plus price appreciation).

Still, I think if the share price is right, this area (income investing in trusts) is probably the best place to be for now. The Accumulation Zone and Buy Alerts still apply, so keep a watchful eye.

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Global Economics Review

Econoday International Report (Jan 25).

US Economic Calendar for next week.

It is important to review the following reports published this past week on the US economy that continues to worsen.

US Jobs Report for January.

The US New Home Sales report for December.

The US Durable Goods Orders report for December.

The Conference Board US Consumer Confidence Report for January.

The University of Michigan US Consumer Sentiment Survey for January.

The ISM Manufacturing Index and Report for January.

US Personal Income & Consumer Spending Report for January.

The US Advance GDP Report for Q4.

The economy slowed sharply in the final quarter of 2007 (from +4.9 pct annual growth rate in Q3 to +0.6 pct) and, in addition, inflation picked up significantly from +1.0 pct annual growth rate in Q3 to +2.6 pct.

The consensus had forecast that Q4 GDP would post a +1.2 percent annualized gain and that price inflation would pick up to an annualized rate of +2.5 pct. Consensus was too optimistic on both counts.

On Monday, the US Factory Orders data will be published.

The US Factory Orders data for December.

On Tuesday, the US Non-Manufacturing Business Activity data for January will be published.

The US Non-Manufacturing Business Activity data for January.

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Industry and Cara 100 “Impulse” Review

Applied weekly to major industry groups, the “impulse system”, based on the excellent work of Dr. Alex Elder, gives a sense of market internals.

“Jock” reports:

THIS WEEK closed with 3 GREEN industries and 4 RED, compared to last week’s 0 green, 25 Red. Chemicals and Mining rose straight from RED to GREEN, Transportation from neutral to GREEN. Staying RED were: Energy, Food&Beverage, Drugs, and Utilities. The rest were neutral. All 31 major industries rose in price (from 1.94% for computer software/services to 9.97% for specialty retail.)

33 Cara100’s were GREEN (Qualcomm) and 30 were RED. (Last week’s count was 1 to 69!)

Ticker	Name	Score -5wks	Score -4wks	Score -3wks	Score -2wks	Score -1wks	Score -0wks
ABB	ABB Ltd.	+2	+0	-2	-2	-2	+0
ABV	COMP DE BEBA AM ADS	+2	+2	+2	-2	-2	+2
ABX	Barrick Gold Corp.	+0	+2	+2	+0	+2	+2
ADBE	Adobe Systems Inc.	+0	-2	-2	-2	-2	-2
AET	Aetna Inc.	+2	+0	+2	+0	-2	-2
AMAT	Applied Materials Inc.	+0	-2	-2	+0	+0	+2
ATVI	Activision Inc.	+2	+0	+0	+0	+0	+0
BA	Boeing Co.	+0	+0	-2	-2	-2	+0
BBBY	Bed Bath & Beyond Inc.	-2	-2	-2	-2	+0	+2
BBD	Banco Bradesco S.A.	+2	-2	+0	-2	-2	-2
BC	Brunswick Corp.	+0	-2	-2	-2	+0	+2
BDK	Black & Decker Corp.	-2	-2	-2	-2	+0	+0
BHP	BHP Billiton Ltd.	-2	-2	-2	-2	-2	+2
BMY	Bristol-Myers Squibb Co.	-2	-2	+0	-2	-2	-2
CCJ	Cameco Corp.	+0	+2	+0	-2	-2	-2
CCL	Carnival Corp.	+2	-2	-2	-2	+0	+2
CEO	CNOOC Ltd.	+0	+0	+2	-2	-2	-2
CHA	China Telecom Corp. Ltd.	+0	+2	+2	+0	-2	-2
CHL	China Mobile Limited	+0	+0	+0	-2	-2	-2
CHRW	CH Robinson Worldwide Inc.	+2	+0	-2	-2	+0	+2
COST	Costco Wholesale Corp.	+2	+0	+0	-2	-2	+2
CSCO	Cisco Systems, Inc.	+0	-2	-2	-2	-2	+0
CTSH	Cognizant Technology Solutions Corp.	+2	+0	-2	-2	-2	+0
CVX	Chevron Corp.	+2	+2	+0	-2	-2	-2
DB	Deutsche Bank AG	+2	+2	-2	-2	-2	-2
DELL	Dell Inc.	+0	-2	-2	-2	-2	+0
DEO	Diageo plc	-2	-2	-2	-2	-2	+0
DIS	Walt Disney Co.	+2	-2	-2	-2	-2	+0
DOW	Dow Chemical Co.	+0	-2	-2	-2	+0	+2
DNA	Genentech Inc.	-2	-2	+0	+0	-2	+0
ECA	EnCana Corp.	+2	+2	+0	-2	-2	+2
ERJ	EMBRAER - Empresa Brasileira de Aeron�utica S.A.	+2	+2	+2	-2	-2	+0
ERTS	Electronic Arts Inc.	+2	-2	-2	-2	-2	-2
EXC	Exelon Corp.	+0	+0	+2	-2	-2	-2
GE	General Electric Co.	+0	+0	-2	-2	-2	+0
GFI	Gold Fields Ltd.	-2	+0	+2	+0	-2	-2
GG	Goldcorp Inc.	+2	+2	+2	+0	+2	+0
GGB	Gerdau S.A.	+2	+2	+2	-2	-2	+0
GOL	GOL Linhas A�reas Inteligentes S.A.	+2	-2	-2	-2	-2	+0
GOOG	Google Inc.	+2	+0	-2	-2	-2	-2
GRMN	Garmin Ltd.	+2	-2	-2	-2	-2	+0
GS	Goldman Sachs Group Inc.	+2	-2	-2	-2	-2	+2
GSK	Glaxosmithkline plc	-2	-2	+2	-2	-2	-2
HBC	HSBC HLDGS PLC ADS	+0	-2	-2	-2	-2	+0
HDB	HDFC Bank Ltd.	+0	+0	+0	-2	-2	-2
IBKR	Interactive Brokers Group, Inc.
IBN	ICICI Bank Ltd.	+2	+0	+2	+0	+0	+0
IMO	Imperial Oil Ltd.	+2	+2	+0	-2	-2	-2
INFY	Infosys Technologies Ltd.	+2	+0	+0	-2	-2	+2
INTC	Intel Corp.	+2	-2	-2	-2	-2	+0
JCP	J. C. Penney Company, Inc	+0	+0	-2	+0	+0	+2
JNJ	Johnson & Johnson	+0	-2	+0	+0	-2	-2
KB	Kookmin Bank	+2	-2	-2	-2	-2	+0
KO	Coca-Cola Co.	+0	+0	+2	+0	-2	-2
KSS	Kohl's Corp.	-2	-2	-2	-2	+0	+0
LEH	Lehman Brothers Holdings Inc.	+2	-2	-2	-2	-2	+2
LLTC	Linear Technology Corp.	+2	+0	-2	-2	-2	+0
MBT	Mobile Telesystems OJSC	+2	+2	+0	-2	-2	-2
MFC	Manulife Financial Corporation	-2	-2	-2	-2	-2	+0
MICC	Millicom International Cellular SA	+2	+0	-2	-2	-2	+2
NKE	Nike Inc.	+2	-2	-2	-2	-2	+2
NOK	Nokia Corp.	+0	+0	-2	-2	-2	+2
NTES	Netease.com Inc.	-2	-2	-2	-2	-2	-2
NUE	Nucor Corp.	+2	+0	-2	-2	+0	+2
ORCL	Oracle Corp.	+2	+2	+0	-2	-2	-2
OXPS	optionsXpress Holdings, Inc.	+2	+2	+0	-2	-2	-2
PAYX	Paychex Inc.	-2	-2	-2	-2	+0	+0
PBR	PETROLEO BRASILEIRO	+2	+2	+0	-2	+0	+2
PDA	Perdigao S.A.	+0	+0	+2	-2	-2	+0
PG	Procter & Gamble Co.	+0	+0	+0	-2	-2	-2
PTR	PetroChina Co. Ltd.	-2	-2	+0	-2	-2	-2
QCOM	QUALCOMM Inc.	+2	-2	-2	+0	+2	+2
RIO	COMPANHIA VALE ADS	+0	+0	-2	-2	-2	+2
RIMM	Research In Motion Ltd.	+2	+2	-2	-2	-2	-2
RY	Royal Bank of Canada	-2	-2	-2	-2	+0	+2
SBUX	Starbucks Corp.	+0	-2	+0	+0	+0	+0
SLW	Silver Wheaton Corp.	+2	+2	+0	-2	+0	-2
SNDK	SanDisk Corp.	+0	+0	-2	-2	-2	+0
STO	StatoilHydro ASA	-2	+2	-2	-2	-2	+0
SU	Suncor Energy Inc.	+2	+2	+0	-2	-2	-2
SWK	Stanley Works	+0	-2	+0	+0	+0	+2
TCK	Teck Cominco Ltd.	+0	+0	+0	-2	+0	+0
TEF	Telefonica SA	+0	+0	+2	-2	-2	-2
TGP	Teekay LNG Partners LP.	+0	+0	+2	+0	-2	+0
TGT	Target Corp.	-2	-2	+0	+0	+0	+2
TM	Toyota Motor Corp.	+0	-2	-2	-2	+0	+2
TOT	Total SA	+2	+2	+2	-2	-2	-2
TS	Tenaris SA	+0	+0	-2	-2	-2	+0
TT	Trane Inc	+2	+2	+0	+0	+0	+0
UBS	UBS AG	-2	+0	+0	-2	-2	+0
UTX	United Technologies Corp.	+2	+2	-2	-2	+0	+2
VCP	Votorantim Celulose e Papel S.A.	+0	+0	-2	-2	-2	+2
VIP	Vimpel-Communications	+2	+2	+0	-2	-2	+0
WAG	Walgreen Co.	+0	-2	-2	-2	+0	+0
WBK	Westpac Banking Corp.	-2	-2	-2	-2	-2	+2
WFMI	Whole Foods Market Inc.	+0	-2	-2	-2	+0	+2
WHR	Whirlpool Corp.	+0	+0	-2	-2	+0	+2
WMT	Wal-Mart Stores Inc.	+2	-2	+2	+0	+0	+2
XOM	Exxon Mobil Corp.	+2	+2	+0	-2	-2	-2
YHOO	Yahoo! Inc.	-2	-2	+0	-2	-2	+2
Summary:	(+2/-2/other)	45/19/35	24/42/33	18/51/30	0/80/19	3/69/27	33/31/35
Net:	(+2)-(-2)	+26	-18	-33	-80	-66	+2

­All the major US stock indices rose to neutral. Remaining RED’s are: the US$ index, Shanghai, and Hong Kong composites. The Bombay composite was neutral.

GOLD and SILVER stocks stayed neutral.

BOTTOM LINE: Last week (after the 1st rate cut) the “net green count” (green minus red) moved from -29 industries to -25. This week, after the 2nd cut, the “net green” count moved from -25 to -1 !!! Still, looking forward, the market confounds. The two “technical gurus” I follow have virtually opposite outlooks for the intermediate term.

A digression:

Alex Elder expects an imminent retest of recent lows, but is an intermediate bull based on the 1/22/08 down-spike in the new high/new low index. It was one of the 3 deepest in the last decade. You have to go back to the week after 9/11 to find a deeper one. These downspikes define intermediate-term bottoms. As to whether the 2003 bull market is over, Alex is agnostic. (Write jock at billcara.com if you’d like to see Alex’ high/low charts.)

The venerable Don Worden’s Friday report acknowledges short-term and sub-intermediate term upturns in the 4 major averages, but concludes we are in primary and intermediate downtrends in all 4, and that “the grizzly carnivore will snarl again, possibly sooner than I’ve had in mind…” Worden is one of the wise, salty old dogs of technical analysis, who began charting with pencil and paper.

I find comfort in my uncertainty from a 3rd guru, Dick Davis, whose new book advises: whenever you arrive at a judgment about a stock’s or market’s direction, force yourself to describe an opposite scenario. As you make your moves, prepare yourself to deal with either outcome. - Amen.

Jock
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NOTE: Alex Elder’s “impulse system” considers both the “inertia” in prices (where prices stand vs. their 26 wk. moving average) and their “momentum” (the rate their 13wk. and 26wk. moving averages are converging or diverging).

When both indicators (EMA and MACD-H) tick up, the reading is “green”; when both decline, it’s “red”. Applied weekly to major industry groups, indices, and their components, a sense of market internals emerges.

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US Equity Markets Review

DJIA ino.com chart

DJIA stockcharts.com chart

This week, for the Dow 30 stocks, 28 were up and 2 down (MSFT and MRK).

The Interventionists are pumping hard to put life back into a dead Bull. But, traders are nervous, and I still believe that the Bear lives. The big movers were the Financials (C up +11.5 pct W/W and +19.0 pct over 2 weeks!!) (JPM up +10.6 pct W/W and +20.5 pct over 2 weeks!!)

Even with all the help from their friends in Washington, these banks did not solve their problems.

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NASDAQ Composite ino.com chart

NASDAQ Composite stockcharts.com chart

Some of the moves this week were incredible (SNDK up +8.3 pct on Friday), and corresponded with our recent Buy Alerts. However, I think that the Semi-conductors had one good day – Friday.

Several weeks ago I wrote in this space, “Here is the list of the ten highest-weighted non-financial stocks in the Nasdaq Composite. Put them in a watchlist (see Google Finance Portfolio) and watch them like a hawk:
AAPL MSFT GOOG QCOM RIMM CSCO INTC ORCL GILD EBAY” I said that the Techs would lead the market one way or the other, and you know which way I was indicating.

Daily RSI-7 for the Nasdaq 100 Big-10

Weekly RSI-7 for the Nasdaq 100 Big-10

Monthly RSI-7 for the Nasdaq 100 Big-10

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The US equity market Sector ETF Summary

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

This week the scoreboard reads ten up and zero down.

The best performer was Financials (again) and the worst, Staples.

Volatility means traders must use prudence as in a Bear market, there are many confounding whip-saws. Still, if there is to be a rally, the AZ/BA is the place to look.

Sophisticated traders will wait for the Buy signals in Bear markets to sell positions into strength. All traders have to learn this tactic.

In any case, a technology feature I hope to implement will be a table that tracks the gains and losses of this simple RSI-7 system. It is an unsophisticated system that I can easily flesh out into something very valuable.

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
XLF	29.56	0.42	1.44%	8.76%	14.57%	4.90%	4.23%	-7.86%	-11.55%	-20.75%
SMH	30.24	2.09	7.42%	7.92%	9.84%	-1.85%	-3.57%	-11.24%	-20.25%	-11.32%
XLB	40.92	0.97	2.43%	6.45%	10.80%	-2.69%	-0.92%	-3.35%	3.65%	11.53%
IYZ	26.56	0.30	1.14%	6.33%	0.49%	-8.41%	-8.95%	-15.09%	-20.76%	-13.43%
XLY	32.80	0.22	0.68%	6.29%	10.59%	3.02%	1.86%	-8.25%	-11.35%	-17.17%
XLI	37.85	0.85	2.30%	5.73%	8.92%	-1.79%	-1.71%	-5.04%	-4.66%	4.99%
XLU	40.24	1.02	2.60%	5.40%	-0.96%	-4.26%	-4.40%	-3.25%	3.37%	9.02%
XLE	71.35	1.75	2.51%	3.86%	3.78%	-11.30%	-10.25%	-4.51%	3.63%	22.38%
IYH	67.88	0.88	1.31%	2.90%	-3.73%	-3.72%	-3.17%	-4.19%	0.68%	-1.55%
XLP	27.47	0.27	0.99%	2.88%	-0.29%	-2.73%	-3.24%	-1.36%	3.23%	2.69%

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.

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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)

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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:

The Energy sector ETF (XLE), pumped from 68.70 up +3.86 pct to 71.35. But on Friday, both XOM and CVX dropped. Crude Oil took a big hit (-1.93 pct W/W because it dropped -3.04 pct on Friday).

The 200-day Moving Average of $WTIC is up to 79.46, up from 78.81, up from 78.30, which continues to rise. But, the 50-day MA is now at 92.55 down from 92.69, down from 93.21, and falling.

A week ago, XOM on Friday dropped -2.40 pct. This Friday XOM dropped as well, and so did CVX. Yes, XLE was up +2.51 pct on Friday, but those Big Oil stocks dropped Friday. Warning.

PBR was up +8.1 pct this week, and +22.2 pct over 2 weeks, on news of a major discovery. The Cdns, ECA (+7.2 pct W/W and +10.0 pct over 2 weeks) and SU (+6.2 pct W/W) were winners.

Table 2: Senior oil & gas 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
PBR	113.06	2.10	1.89%	8.07%	22.15%	-3.17%	-4.84%	20.66%	77.24%	127.71%
ECA	67.78	1.72	2.60%	7.21%	9.98%	-4.84%	-2.63%	-4.12%	10.00%	39.98%
SU	94.88	0.94	1.00%	6.17%	6.01%	-15.98%	-13.96%	-10.62%	5.27%	27.07%
CEO	153.22	7.93	5.46%	5.31%	3.96%	-9.79%	-8.48%	-24.15%	33.50%	79.69%
STO	27.07	0.79	3.01%	5.04%	5.04%	-14.77%	-13.35%	-16.86%	-7.39%	0.71%
IMO	50.27	1.05	2.13%	2.91%	3.97%	-8.50%	-8.47%	-4.72%	7.32%	39.21%
XOM	85.95	-0.45	-0.52%	2.39%	2.43%	-8.40%	-8.08%	-2.88%	0.13%	14.48%
TOT	74.02	1.24	1.70%	1.79%	-4.13%	-13.02%	-11.12%	-4.31%	-6.03%	7.18%
CVX	82.49	-0.76	-0.91%	0.82%	-0.31%	-12.81%	-11.74%	-7.36%	-3.15%	10.77%

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Integrated Oil & Gas - Canada

Oil & Gas Exploration & Production -Canada

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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:

XLB (Basic Materials) was up +6.45 pct W/W from 38.44 to 40.92. There was a gain of +2.43 pct on Friday.

Over the past week, the winners were RTP +19.3 pct (+28.4 pct over 2 weeks), BHP +16.2 pct (+21.5 pct over 2 weeks), and RIO +14.2 pct.

These stocks are all in play for M&A. These trades are not based on operations data or financial results. Ultimately BHP will take over Rio Tinto (RTP), it appears, and CVRD (RIO) will buy Xstrata (whose shares trade in Europe).

Huge steelmaker Mittal (MT) did well, but most of the big golds were actually down, mostly due to the -14.50 sell-off Friday in $GOLD.

The Cara system gave Sells recently on Barrick, Goldcorp, Kinross, Goldfields, etc. I continue to believe the goldminers, like the oil producers, are headed south, along with the broad market. Rallies that take place over a day or two or even a week or two don’t impress me unless they are driven by factors other than Intervention and short-covering.

Still, there are some really impressive stock analysts and buy-side managers who believe this equity market is poised to run much, much higher from here, so I have to say that.

Table 3: Senior metals and steel 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
RTP	441.00	34.05	8.37%	19.29%	28.38%	2.97%	5.08%	22.26%	58.60%	102.43%
BHP	73.72	6.15	9.10%	16.24%	21.49%	2.03%	4.70%	-10.57%	17.99%	77.98%
RIO	31.63	1.62	5.40%	14.15%	11.81%	-4.41%	-3.30%	-13.18%	-34.77%	-7.24%
MT	71.45	5.06	7.62%	13.45%	16.79%	-5.81%	-6.48%	-5.13%	9.40%	47.62%
AA	34.28	1.19	3.60%	11.70%	19.07%	-5.28%	-5.12%	-9.55%	-9.67%	4.51%
NUE	59.58	1.74	3.01%	8.39%	18.45%	4.80%	2.78%	2.88%	17.77%	-8.08%
GGB	26.72	0.74	2.85%	8.31%	5.03%	-8.77%	-6.90%	-11.84%	5.65%	56.99%
TCK	35.18	2.49	7.62%	8.21%	15.69%	-3.35%	-2.92%	-26.68%	-19.16%	-53.06%
TS	40.94	0.97	2.43%	7.79%	11.98%	-8.72%	-7.77%	-20.75%	-14.83%	-14.53%
PKX	137.01	1.51	1.11%	4.17%	5.64%	-7.26%	-6.45%	-17.46%	-1.43%	49.72%

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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:

Table 4: Senior capital goods makers and transportation:

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
CAT	71.76	0.77	1.08%	8.84%	14.87%	1.96%	1.60%	-2.11%	-10.45%	10.42%
ERJ	44.60	1.20	2.76%	8.83%	5.26%	-4.41%	-1.17%	-6.48%	2.46%	8.57%
MMM	81.21	1.56	1.96%	7.55%	8.34%	-1.80%	-1.81%	-3.21%	-8.82%	9.76%
BA	82.76	-0.42	-0.50%	7.44%	4.07%	-4.85%	-4.46%	-14.33%	-20.83%	-9.10%
ABB	26.00	0.98	3.92%	7.22%	10.64%	-7.41%	-9.22%	-12.69%	9.24%	44.28%
GE	36.16	0.80	2.26%	6.35%	8.88%	-1.74%	-1.63%	-10.36%	-7.16%	-0.19%
FDX	93.42	0.10	0.11%	3.85%	12.85%	7.00%	8.43%	-7.70%	-15.94%	-16.51%
HON	60.21	1.14	1.93%	3.36%	8.35%	0.02%	0.52%	1.98%	5.35%	31.09%
UTX	74.12	0.85	1.16%	1.88%	8.86%	-2.83%	-1.45%	-0.80%	-0.71%	8.08%

XLI (Industrials) lifted +5.73 pct from 35.80 to 37.85.

The winners were CAT +8.8 pct and MMM (+7.6 pct), both of which are Dow 30 stocks. ERJ gained +8.8 pct. A week ago, the loser was ERJ (-3.3 pct W/W).

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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:

Consumer Discretionary (XLY) lifted +6.29 pct from 30.86 to 32.80. As I wrote two weeks ago in this space, right before the surge in prices of the Retailer stocks, “Traders must have been listening to the President’s $150 billion stimulus package speech. Besides oil prices are on the downswing.”

I wrote three weeks ago in the WIR, “I can’t see US shoppers returning to the stores and malls until the gasoline price drops at the fuel pump. Right now, they are tapped out according to the credit card companies.”

Then along came the President’s man and HB&B’s man Henry Paulson with his plan to give $500 to every man, woman and child in America, with checks going out in June I understand. Simply amazing. The People are up to their eyes in credit card debt, then give them enough for a few payments to tide them through to the Dem win in November. Then we can blame the recession on them.

That’s what it looks like to me. Clinton did the same to Bush, so it’s an eye for an eye.

Table 5: Senior consumer discretionary 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
JCP	48.50	1.15	2.43%	14.17%	24.30%	21.74%	16.45%	-10.04%	-29.42%	-42.79%
BC	19.28	0.36	1.90%	12.75%	29.66%	17.20%	13.95%	-12.04%	-31.68%	-44.31%
NKE	62.51	1.18	1.92%	11.62%	11.66%	-0.32%	-1.22%	-2.05%	9.86%	24.18%
WHR	85.72	0.43	0.50%	10.21%	22.81%	8.34%	7.31%	10.24%	-14.58%	-7.08%
CCL	44.78	0.38	0.86%	8.14%	17.44%	4.26%	2.57%	-4.32%	-0.04%	-14.13%
TM	109.80	1.48	1.37%	7.65%	11.36%	2.71%	3.14%	-4.06%	-7.86%	-17.62%
EBAY	28.81	1.92	7.14%	7.38%	2.45%	-12.27%	-11.33%	-17.69%	-12.11%	-10.39%
DIS	30.66	0.82	2.75%	6.90%	6.57%	-3.49%	-3.71%	-9.29%	-9.37%	-12.43%
SBUX	19.22	0.31	1.64%	-2.24%	0.89%	2.78%	-0.47%	-25.59%	-29.34%	-44.14%

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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

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
ABV	75.73	4.71	6.63%	13.16%	17.50%	1.54%	4.48%	-6.29%	12.04%	44.36%
WFMI	40.76	1.32	3.35%	8.55%	15.60%	3.19%	2.52%	-13.66%	3.14%	-7.30%
WMT	51.18	0.44	0.87%	6.43%	7.79%	10.35%	9.13%	16.24%	10.73%	7.12%
WAG	36.32	1.28	3.65%	5.95%	8.94%	3.59%	-2.73%	-6.94%	-18.80%	-20.59%
DEO	82.01	1.24	1.54%	4.01%	5.87%	-3.87%	-3.59%	-9.18%	0.22%	3.20%
MO	75.44	-0.35	-0.46%	2.01%	-1.77%	-0.25%	0.68%	4.95%	13.31%	14.91%
BUD	48.06	1.56	3.35%	1.71%	-3.40%	-8.65%	-6.91%	-4.66%	-3.51%	-6.50%
KO	59.26	0.26	0.44%	1.46%	-4.48%	-4.00%	-3.00%	-2.69%	11.24%	23.20%
PG	66.05	0.63	0.96%	1.13%	-2.97%	-8.66%	-8.66%	-3.70%	4.58%	1.09%
PEP	68.83	0.78	1.15%	-0.13%	-4.54%	-9.17%	-8.58%	-4.92%	3.61%	5.28%

XLP (consumer staples) gained +2.88 pct from 26.70 to 27.47 this beer-filled Super Bowl Week.

It’s been a great week (+13.2 pct) and two weeks (+17.5 pct) for the world’s biggest brewer, ABV. Pump, pump, pump… drink, drink, drink…

It’s only an American football game for Pete’s sake. You’d think it soccer or cricket!! (LOL)

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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

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
DNA	70.81	0.65	0.93%	4.45%	1.52%	5.51%	5.06%	-3.15%	-4.83%	-18.80%
PFE	23.59	0.23	0.98%	4.33%	2.74%	1.77%	2.97%	-1.50%	-0.17%	-11.38%
BMY	23.96	0.94	4.08%	4.31%	-3.62%	-8.23%	-8.30%	-17.83%	-16.43%	-16.81%
JNJ	63.36	0.10	0.16%	1.44%	-6.59%	-3.90%	-3.87%	-2.01%	3.94%	-5.45%
AET	53.22	-0.04	-0.08%	1.18%	-6.35%	-6.97%	-6.04%	-3.27%	8.90%	25.88%
NVS	50.43	-0.36	-0.71%	0.38%	-5.05%	-8.28%	-7.59%	-4.62%	-6.54%	-13.78%
BMET	45.99	0.06	0.13%	0.24%	0.31%	0.48%	10.90%	0.00%	0.46%	10.90%
UNH	50.10	-0.74	-1.46%	0.20%	-7.84%	-12.00%	-11.59%	3.19%	4.40%	-5.11%
GSK	47.01	-0.37	-0.78%	0.19%	-7.28%	-7.41%	-6.30%	-7.48%	-8.91%	-14.07%
AMGN	47.36	0.77	1.65%	-1.62%	-0.13%	3.66%	1.63%	-17.26%	-9.08%	-31.87%

IYH (healthcare) gained +2.90 pct this week, 65.97 to 67.88.

Big win for Clinton in California, and the voters know she won’t likely bring in an Obama-style Universal Health Plan. She’s already been paid off, don’t you think?

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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

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
LEH	66.00	1.95	3.04%	14.05%	20.75%	8.20%	6.13%	9.09%	8.52%	-22.33%
C	29.69	1.52	5.40%	11.45%	18.95%	2.63%	2.66%	-22.90%	-36.63%	-45.75%
JPM	48.25	0.85	1.79%	10.56%	20.50%	15.21%	14.42%	8.87%	8.72%	-5.78%
GS	207.78	8.23	4.12%	8.58%	8.80%	1.44%	0.09%	-13.50%	9.94%	-1.99%
CS	58.33	1.56	2.75%	8.12%	11.53%	-2.39%	-2.26%	-9.28%	-8.20%	-18.24%
MER	58.40	2.04	3.62%	6.26%	18.10%	12.33%	10.69%	-6.09%	-20.05%	-38.38%
DB	115.85	3.02	2.68%	3.97%	0.36%	-10.12%	-10.24%	-8.82%	-15.38%	-18.07%
HBC	77.17	1.86	2.47%	1.94%	4.57%	-6.37%	-6.39%	-19.21%	-17.00%	-16.41%
UBS	42.04	0.76	1.84%	1.01%	2.81%	-7.77%	-8.19%	-17.16%	-22.23%	-33.78%
MS	48.25	-1.09	-2.21%	-1.31%	6.63%	-5.28%	-5.30%	-22.70%	-25.05%	-42.46%

The Financials (XLF) boomed again this week, up +8.76 pct from 27.18 to 29.56, aided and abetted by the Fed and the Administration, as traders are now figuring out who really is going to get the biggest chunk of that $150 billion windfall?

I can just hear those friendly bankers getting ready to phone Mr & Mrs Sub-prime to call their loans, ie, up to, but not exceeding, the $150 billion. From the tax-payers to the banks via the Sub-prime families. Paulson’s Pride.

JPM +10.6 pct (and +20.5 pct over 2 weeks), C +11.5 pct (+19.0 pct over 2 weeks), and LEH +14.1 pct (yup, this week alone) (and +20.8 pct over 2 weeks)… all pumping the same shotgun.

Doesn’t mean to say I have any interest. I’d like to see all the skeletons in the closet before laying down good money.

I mean, Bank of America must be over the moon with Mozilo, with Countrywide (CFC) up +26.3 pct this week and +38.7 pct over 2 weeks.

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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

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
CTSH	29.84	1.94	6.95%	11.05%	10.19%	-8.89%	-7.42%	-24.72%	-26.14%	-29.95%
INFY	43.50	2.10	5.07%	10.83%	12.52%	-0.89%	-2.09%	-12.86%	-11.55%	-25.91%
INTC	21.77	0.67	3.17%	8.85%	12.62%	-11.76%	-14.12%	-17.85%	-8.53%	3.13%
SNDK	27.55	2.10	8.25%	7.53%	0.44%	-14.68%	-16.94%	-37.23%	-48.20%	-32.38%
QCOM	42.20	-0.22	-0.52%	5.50%	8.04%	11.35%	9.92%	2.20%	1.96%	12.80%
SAP	48.15	0.44	0.92%	5.20%	-1.49%	-4.82%	-5.09%	-8.81%	-11.49%	2.97%
CSCO	24.94	0.44	1.80%	3.06%	2.51%	-6.77%	-6.03%	-22.50%	-16.22%	-6.21%
ORCL	20.68	0.13	0.63%	1.97%	-3.41%	-10.51%	-8.05%	-4.96%	4.50%	21.29%
ADSK	41.96	0.81	1.97%	1.60%	2.62%	-12.29%	-13.02%	-12.22%	-3.96%	-5.20%
ADBE	34.48	-0.45	-1.29%	-1.03%	-3.01%	-17.49%	-17.33%	-26.51%	-12.89%	-11.04%

A week ago I reported, “The SMH (semi-conductor) actually gained a bit, from 27.91 to 28.02. Every little bit helps when there are days like Friday where INTC dropped -3.3 pct, SNDK -4.2 pct and CSCO -5.6 pct. That’s some pretty heavy hitting going on there.”

Then I opined, “Semi-conductors (SMH) have lost over -30 pct over the past six months, which means, you know, that when the Bull market does start, this group will be either number #1 or #2 on the leader board.”

Well, SMH zoomed into #2 performer spot this week, right behind Financials (XLF). But, you know, that W/W gain of +7.92 pct happened over the space of a couple hours Friday (+7.42 pct), and shucks, most of Europe and all of Asia-Pacific missed it. I guess they will just have to catch up on Monday morning. (LOL)

It’s been a long time since INTC had a week up +8.9 pct and be up +12.6 pct over two. Must be quite a few hurting short sellers out there. Well, you know who took your money, don’t you? Hmmm hmm, HB&B. Must have been Lehman, Citi and JP Morgan, the way those stocks were flying.

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Sector 50 (telecom: IYZ, VOX and IXP)

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Here’s the IYZ Monthly, Weekly and Daily data charts:

IYZ Monthly data:

IYZ Weekly data:

IYZ Daily data:

IYZ (telecommunications) lifted +6.33 pct from 24.98 to 26.56.

Could this be the revival of telecom, or maybe just the shorts in T being forced to cover. T jumped +8.6 pct this week. I didn’t think Ma could jump that high. Must have had a McDonald’s coffee spilled in her lap in the drive-thru. I see that MCD was only up +0.22 pct over the whole five days.

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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:

XLU (Utilities) lifted +5.40 pct from 38.18 to 40.24, including a gain of +2.60 pct on Friday.

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Bonds & Yields Review

Table 10: US Treasury Yields

US Treasury Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
3 Month	2.00	1.80	2.17	3.13
6 Month	2.05	1.97	2.27	3.17
2 Year	2.07	2.09	2.18	2.87
3 Year	2.04	2.05	2.14	2.81
5 Year	2.74	2.76	2.77	3.28
10 Year	3.59	3.59	3.56	3.90
30 Year	4.31	4.32	4.27	4.35

Municipal Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	2.31	2.28	2.19	2.98
2yr AAA	2.35	2.37	2.34	3.07
2yr A	2.47	2.44	2.70	3.37
5yr AAA	2.79	2.81	2.76	3.23
5yr AA	2.72	2.74	2.70	3.20
5yr A	3.08	3.10	3.04	3.51
10yr AAA	3.51	3.55	3.44	3.74
10yr AA	3.37	3.41	3.36	3.45
10yr A	3.73	3.78	3.67	3.96
20yr AAA	4.37	4.37	4.29	4.35
20yr AA	4.51	4.51	4.42	4.49
20yr A	4.48	4.48	4.43	4.30

Corporate Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	3.37	3.41	3.40	4.13
2yr A	3.43	3.48	3.52	4.35
5yr AAA	4.00	4.13	3.93	4.43
5yr AA	4.16	4.23	4.23	4.60
5yr A	4.25	4.26	4.16	4.68
10yr AAA	4.96	5.00	4.94	4.90
10yr AA	5.13	5.18	5.11	5.19
10yr A	5.26	5.29	5.28	5.50
20yr AAA	5.38	5.42	5.35	5.25
20yr AA	5.71	5.72	5.63	5.63
20yr A	5.94	6.03	5.94	5.99

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The booming bond market turned quiet this week.

There was not much movement other than a few sales out of the long end and into the short end. But that’s not new.

The 20-year TLT dropped -0.75 pct W/W, while the TIPS dropped -0.11 pct, including a loss of -0.46 pct on Friday. I suppose the bankers convinced a few people that inflation is dead and that they could take some added risk in stocks like LEH, C and JPM.

Slow motion.

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

Interest rates and bond yields.

Interactive Daily data charts:

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Interactive Chart of Interest rates and bond yields.

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Don’t you think “it’s time that central banks and HB&B told us what is happening there with respect to the repayment of these repo agreements”?

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US Bond Funds -- Interactive Monthly Data Charts

SHY Monthly data series chart:

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IEF Monthly data series chart:

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TLT Monthly data series chart:

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AGG Monthly data series chart:

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LQD Monthly data series chart:

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TIP Monthly data series chart:

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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:

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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:

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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
CFC	7.600	0.640	9.20%	26.25%	38.69%	-13.34%	-15.56%	-47.33%	-72.08%	-82.74%
FNM	35.40	1.62	4.80%	11.32%	1.14%	-1.45%	-5.50%	-35.05%	-40.21%	-38.06%
FRE	32.45	2.06	6.78%	9.70%	11.59%	0.78%	-0.89%	-34.35%	-42.97%	-50.54%
AGG	102.99	-0.52	-0.50%	-0.10%	-0.27%	1.05%	1.32%	2.54%	4.74%	3.73%
TIP	109.08	-0.50	-0.46%	-0.11%	0.63%	1.94%	2.29%	5.47%	9.15%	10.52%
SHY	83.38	-0.17	-0.20%	-0.14%	0.46%	1.10%	1.26%	2.55%	3.98%	4.51%
IEF	89.94	0.01	0.01%	-0.29%	0.22%	2.43%	2.64%	5.99%	9.55%	10.07%
TLT	95.23	0.24	0.25%	-0.75%	-0.96%	1.04%	0.90%	4.94%	9.25%	9.35%

About Countrywide Fiasco (CFC), and the down and dirty duo of Fanny and Freddie (FNM and FRE), I really have nothing to say except Red 3 wins this week… CFC pays off +26.3 pct… FNM +11.3 pct… FRE +9.7 pct.

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Consumer Finance -USA -- Interactive Weekly Data Charts

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Consumer Finance -USA -- Interactive Daily Data Charts

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Commodities Review

The $CRB lifted this week +0.75 pct from 361.64 to 364.34, but fell -1.39 pct on Friday as gold and silver had bad days, and the $USD was up +0.41 pct.

The 50-day Moving Average for $CRB is presently at 355.75, up from 354.00, up from 353.32 and the 200-day MA is now 330.48, up from 329.12, up from 328.11, and still rising.

The Administration and Fed are oblivious, apparently. I thought the $USD nonsense would stop at $CRB 320-something.

$CRB Index

Open Futures Contracts

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Interactive Chart of Weekly CRB Commodities Index:

Interactive Chart of Daily CRB Commodities Index:

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Oil Review

$WTIC (US Light Sweet Crude called West Texas Intermediate) fell from 89.80 to 88.96 this week.

The 50d MA for $WTIC is now at 92.55, down from 92.69, down from 93.21, whereas the 200d MA is 79.46, up from 78.81, up from 78.30.

As I wrote in this space three weeks ago, “The price probably peaked seven sessions ago at 100.09. I look for lower prices over the next several months.”

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

Interactive Chart of Weekly Crude Oil:

Interactive Chart of Daily Crude Oil:

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Gold & Precious Metals Review

A week ago, the $GOLD contract rocketed from 881.70 to 914.12 in the four-session week. This week, however, $GOLD flattened out at 913.50, and actually dropped -14.50 on Friday.

The 50-day MA for $GOLD is now 847.93, up from 834.69, up from 829.09, and the 200d MA is 738.94, up from 733.05, up from 728.68.

I feel that the sell-off action in the major miners is the sign of weakness.

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Spot gold chart for the week

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.

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Spot silver chart for the week

Interactive daily data

This week, $SILVER lifted +2.30 pct from 16.47 to 16.87. Just like gold, there was a loss on Friday as the $USD gained strength.

For $SILVER, the 50d MA is now 15.25, up from 15.02, up from 14.95, and the 200d MA is 13.78, up from 13.71, up from 13.66.

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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.

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$PLAT, which had been very strong, this week exploded to the upside with a new price record. At the close, $PLAT was 1757.50, up +4.61 pct from 1613, up from 1565.50. The gain on Friday was +1.89 pct, so $PLAT kept on chugging.

The 50d MA for $PLAT is 1539.30, up from 1505.71, up from 1487.62. The 200d MA is 1385.29, up from 1372.28, up from 1359.50.

I still think this $PLAT market hinges on the wealth effect in China.

Spot platinum chart for the week

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.

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This week, $PALL gained +1.54 pct W/W to 395.00 from 379.30. There was a loss of 0.78 pct on Friday.

The 50d MA is 370.90, up from 368.49, and the 200d MA is 367.40, up from 366.92.

Two weeks ago (at lower prices), I wrote, “I think the 50d and 200d technical support may not hold for palladium, but we will have to see on that score.” I think $PALL may be the first of the precious metals to show weakness, but I am not so sure of that.

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.

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This week, $COPPER gained +2.80 pct from 320.00 to 327.30, which follows a loss the previous week.

The 50d MA of $COPPER is 311.99, up from 310.61, but down from 328.81 just seven weeks ago, and the 200d MA is 337.57, down from 338.37, down from 339.05.

I still feel good about my comment of two weeks ago: “The $COPPER price could, in fact, easily burst down through support of the 50d-MA (310.77 at the time).”

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.

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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
BVN	65.57	-1.46	-2.18%	2.45%	8.09%	3.72%	7.70%	15.54%	66.25%	123.26%
AUY	15.89	-0.61	-3.70%	1.73%	7.36%	7.00%	14.56%	10.27%	46.99%	15.82%
MDG	35.50	-0.58	-1.61%	1.69%	1.46%	-0.87%	35.03%	11.60%	26.83%	35.03%
NEM	53.23	-1.02	-1.88%	-0.06%	0.64%	-1.08%	1.60%	7.51%	27.99%	17.90%
AEM	62.12	-0.96	-1.52%	-0.99%	16.03%	6.19%	9.91%	13.13%	48.75%	52.82%
KGC	21.96	-0.15	-0.68%	-0.99%	5.48%	5.53%	8.98%	12.85%	73.73%	67.38%
ABX	50.90	-0.54	-1.05%	-2.43%	9.42%	4.50%	10.60%	19.76%	55.66%	68.04%
GG	36.75	-0.48	-1.29%	-2.93%	8.31%	-3.01%	0.30%	8.41%	48.13%	30.78%
GFI	14.08	-0.92	-6.13%	-7.06%	-13.67%	-13.25%	-8.57%	-18.71%	-12.38%	-17.13%

This week, $XAU (the Philadelphia Exchange goldminer index) dropped -0.50 pct from 185.54 to 184.61. Not much, but the loss came on Friday, and was led by the Big Three.

Three weeks ago $XAU was at 193.55.

Recently I wrote, “The past few weeks have been much more explosive to the upside than I had expected, and I was looking for a pull back.” I am still looking for a pull-back, but the Fed and the Administration are keeping the full-court press on with their pump, pump, pumping action.

The 50d MA for $XAU is 177.18, up from 175.69, and the 200d MA is 158.31, up from 157.28, up from 156.51.

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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

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

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Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW MGN

Interactive Daily data
Interactive Weekly data

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Here are the Weekly and Daily Data charts of the indexes:

Weekly U.S. Goldminers Index:

Interactive Chart of Weekly U.S. Goldminers Index:

Interactive Chart of Daily U.S. Goldminers Index:

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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:

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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:

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Forex Review

The following data is a simulation of M3 as of the past week.

“US M3 (estimated) continues to grow at an excessive rate, as it does in Europe. Central bankers are constantly diluting all fiat money at extreme rates.”

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Here is the chart of the week’s trading.

This week the $USD dropped again from 76.37 to 75.99 to 75.48, because the
Admin and the Fed are up to reflation tricks. But on Friday the $USD did gain +0.41 pct.

The 50d MA of the $USD is 76.15, down from 76.20, and up from 76.16 two weeks ago, and down from where it was three weeks ago at 76.20. The 200d MA is 79.21, down from 79.37, down from 79.51 two weeks ago and from 79.68 three weeks ago.

At some point, I am expecting to see a rally – right around the time that HB&B cleans the Street of the small speculators in precious metals.

Interactive Chart of Weekly U.S. Dollar Index:

Interactive Chart of Daily U.S. U.S. Dollar Index:

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The Euro ($XEU) moved to 148.16 from 146.66, up from 146.25 two weeks ago.

The Euro 50d MA is 146.79, up from 146.61, and the 200d MA is 140.24, up from 139.92.

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

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

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The Pound moved down from 198.03 to 196.89. There was a loss of -1.01 pct on Friday as the $USD popped.

The 50d MA is now 200.41, down from 201.10, down from 202.08 two weeks ago, and from 203.30 three weeks ago, and the 200d MA is still 201.45-201.46 for three weeks.

Weekly British Pound Index:

Daily British Pound Index:

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Weekly Japanese Yen Index:

The Japanese Yen ($XJY) moved up to 93.98 from 93.43, and from 93.45 two weeks ago. There is a reversal of the Carry Trade underway.

The 50d MA of the Yen is 91.07, up from 90.74, up from 90.40 two weeks ago, and from 89.80 three weeks ago, and the 200d MA is 86.29, up from 86.05, up from 85.85 two weeks ago, and from 85.64 three weeks ago.

“As the Yen gains, the money flow is out of US and Japanese equities and back into the banks to repay loans… And vice versa.” Banks are getting reliquified on a Just In Time basis…

But you know that… :-)

Daily Japanese Yen Index:

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After a gain on Friday of +1.01 pct, the Loonie (Cdn Dollar) lifted from 98.09 to 100.61, just where Goldman Sach’s new man in the Bank of Canada presumably wants it. (LOL)

The Loonie’s 50d MA is 99.68, down from 99.93, down from 100.56 two weeks ago, and from 101.45 three weeks ago. The 200d MA is 97.09.

The current price of 100.61 is still a far northern Ontario wilderness cry from 110.17, just a few weeks ago. I suppose if and when gold passes the 1000 mark, it could get back up there.

Weekly Canadian Dollar Index:

Daily Canadian Dollar Index:

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International Equity Markets Review

The international markets were mixed this week. I don’t have much time, so I’ll comment only that the Toronto Exchange lifted from 12894.8 to 13318.4, up Friday +1.24 pct, largely on the strength of the US market.

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I have added another 16 country index charts from StockCharts.com (with their formal approval btw as long as I don’t publish too many) because I think it is important to be watching these markets move through a trend juncture together, and in relation to currency and commodity strength or weakness.

One of the improvements I plan to make in 2008 is to set up tables that include sector and industry indexes within various international markets so that you can observe and determine commonality of trends and cycles across different markets.

The world is now a very small one in capital markets and international business. No longer are corporations just American, British, French, German, Italian, Canadian or Japanese. Most do business internationally. We need to observe their businesses and capital market prices on a global basis.

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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.

Brazilian Bovespa stockcharts.com chart

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

Toronto 300 stockcharts.com chart

Toronto CDNX stockcharts.com chart

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Europe

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

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

FTSE 100 stockcharts.com chart

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Here is the latest session data for the German DAX.

DAX stockcharts.com chart

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

CAC 40 stockcharts.com chart

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

Italian Milan Index stockcharts.com chart

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

Swiss Market Index stockcharts.com chart

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Asia-Pacific

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.

Tokyo Nikkei 225 Index stockcharts.com chart

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Here is the latest chart for the Singapore index .

Singapore Straits Times Index stockcharts.com chart

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Here is the latest chart for the Shanghai Composite index .

Shanghai Composite Index stockcharts.com chart

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

Hong Kong Hang Seng stockcharts.com chart

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

Mumbai BSE 30 Sensex Index stockcharts.com chart

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

Sydney All Ordinaries Index stockcharts.com chart

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Russia (RTS) stockcharts.com chart

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Table 13: International equities via an ETF perspective (in $USD)

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
EWZ	77.95	1.46	1.91%	5.77%	11.76%	-3.30%	-3.71%	-6.29%	23.87%	62.43%
SPY	139.58	2.28	1.66%	4.92%	4.61%	-3.64%	-3.69%	-7.58%	-4.70%	-3.48%
IEV	105.90	1.62	1.55%	4.56%	1.65%	-7.29%	-7.13%	-12.89%	-7.16%	-1.03%
EWC	30.92	0.64	2.10%	4.30%	8.25%	-4.99%	-4.58%	-12.00%	4.48%	20.86%
QQQQ	45.59	0.46	1.02%	3.64%	0.40%	-9.94%	-9.63%	-15.57%	-4.82%	3.61%
TRF	62.77	1.77	2.90%	3.58%	5.99%	-13.44%	-14.59%	-12.33%	-4.89%	-18.03%
EWU	22.46	0.30	1.35%	3.45%	4.22%	-6.53%	-5.95%	-15.50%	-9.14%	-5.23%
EWJ	12.85	0.13	1.02%	3.05%	5.50%	-3.24%	-2.87%	-9.38%	-10.08%	-11.38%
FXI	150.90	6.83	4.74%	1.39%	1.26%	-9.53%	-10.15%	-27.47%	10.22%	44.62%
IFN	54.12	1.73	3.30%	0.88%	0.78%	-8.43%	-12.57%	-12.99%	18.30%	18.95%

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Japanese equity market ETF: EWJ

Here is the Japanese (EWJ) equity market ETF Monthly, Weekly and Daily data charts:

Interactive EWJ Monthly data:

Interactive EWJ Weekly data:

Interactive EWJ Daily data:

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U.K. equity market ETF

Here is the United Kingdom (EWU) equity market ETF Monthly, Weekly and Daily data charts:

Interactive EWU Monthly data:

Interactive EWU Weekly data:

Interactive EWU Daily data:

EWU Daily data:

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Canada’s equity market

Here is the Canadian (EWC) equity market ETF Monthly, Weekly and Daily data charts:

Interactive EWC Monthly data:

Interactive EWC Weekly data:

Interactive EWC Daily data:

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US Equity Markets Review

The S&P 500 lifted +1.22 pct on Friday. A lot of shorts were trapped. It was a great day for the Bulls in Semi-conductors as well as Utilities, Energy, Materials, and Industrials, but not that hot for the Consumer Discretionary and Staples that may have had their run.

A week ago, I wrote: “Where to from here? I think there is still some buying power to come regarding the interventionist action, but the rally is just about spent. The action on Friday showed that with a gap up at the open, followed by a steady sell off all day. The closing half hour action did not change any attitude. It remains negative.”

I still feel the same, but there are many who were taken aback by the force of the Interventionist move. Lots of shorts were taken out of the market. That’s actually good if you remain bullish.

I still (no change) “haven’t decided whether the rapid-fire selling (ie, drying up of liquidity as bids are pulled) that has characterized the equity market this year is going to take the indexes down south-east as in 2000-2002 or south as in 1987.”

But, there are times when I see how much the pumping action does that I feel there could be a long, slow slide happen, then a boom right before the election, particularly if Obama is looking good at that point. Do you think we could see Oprah as Secretary of State? A pleasant kind of Condi, I’d say.

I still believe we need to hear from central bankers if they have been extending those supposedly short-term loan agreements to HB&B.

Just remember, the smart money is always watching the price series data, and tuning out the noise.

A dozen NASDAQ stocks to watch.

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Here is the Monthly data chart of the Interactive Chart of Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.

Here is the Weekly data chart of the Interactive Chart of Nasdaq Composite, S&P 500, Dow30, and Russell 2000 (small cap) indexes.

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 Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
GM	28.98	0.77	2.73%	12.37%	26.88%	21.15%	18.72%	-22.20%	-11.46%	-12.26%
AA	34.28	1.19	3.60%	11.70%	19.07%	-5.28%	-5.12%	-9.55%	-9.67%	4.51%
C	29.69	1.52	5.40%	11.45%	18.95%	2.63%	2.66%	-22.90%	-36.63%	-45.75%
JPM	48.25	0.85	1.79%	10.56%	20.50%	15.21%	14.42%	8.87%	8.72%	-5.78%
AXP	49.60	0.47	0.96%	9.15%	16.24%	-1.61%	-2.82%	-15.05%	-16.82%	-14.59%
INTC	21.77	0.67	3.17%	8.85%	12.62%	-11.76%	-14.12%	-17.85%	-8.53%	3.13%
CAT	71.76	0.77	1.08%	8.84%	14.87%	1.96%	1.60%	-2.11%	-10.45%	10.42%
T	38.28	-0.21	-0.55%	8.56%	2.63%	-7.51%	-6.63%	-5.39%	-4.85%	1.40%
MMM	81.21	1.56	1.96%	7.55%	8.34%	-1.80%	-1.81%	-3.21%	-8.82%	9.76%
BA	82.76	-0.42	-0.50%	7.44%	4.07%	-4.85%	-4.46%	-14.33%	-20.83%	-9.10%
DIS	30.66	0.82	2.75%	6.90%	6.57%	-3.49%	-3.71%	-9.29%	-9.37%	-12.43%
HD	30.45	-0.19	-0.62%	6.73%	16.00%	17.93%	16.62%	-0.78%	-19.38%	-25.88%
WMT	51.18	0.44	0.87%	6.43%	7.79%	10.35%	9.13%	16.24%	10.73%	7.12%
GE	36.16	0.80	2.26%	6.35%	8.88%	-1.74%	-1.63%	-10.36%	-7.16%	-0.19%
AIG	55.73	0.76	1.38%	4.72%	2.69%	-1.28%	-1.01%	-6.00%	-13.69%	-19.13%
IBM	109.08	1.97	1.84%	4.36%	7.89%	3.98%	4.19%	-4.02%	-2.64%	10.18%
PFE	23.59	0.23	0.98%	4.33%	2.74%	1.77%	2.97%	-1.50%	-0.17%	-11.38%
HON	60.21	1.14	1.93%	3.36%	8.35%	0.02%	0.52%	1.98%	5.35%	31.09%
DD	45.95	0.77	1.70%	2.75%	7.36%	4.24%	5.05%	-4.15%	-2.92%	-9.15%
VZ	38.75	-0.08	-0.21%	2.62%	-5.28%	-10.73%	-10.32%	-13.39%	-10.38%	1.97%
XOM	85.95	-0.45	-0.52%	2.39%	2.43%	-8.40%	-8.08%	-2.88%	0.13%	14.48%
MO	75.44	-0.35	-0.46%	2.01%	-1.77%	-0.25%	0.68%	4.95%	13.31%	14.91%
UTX	74.12	0.85	1.16%	1.88%	8.86%	-2.83%	-1.45%	-0.80%	-0.71%	8.08%
HPQ	44.42	0.70	1.60%	1.55%	3.30%	-10.53%	-10.82%	-13.75%	-4.94%	4.86%
KO	59.26	0.26	0.44%	1.46%	-4.48%	-4.00%	-3.00%	-2.69%	11.24%	23.20%
JNJ	63.36	0.10	0.16%	1.44%	-6.59%	-3.90%	-3.87%	-2.01%	3.94%	-5.45%
PG	66.05	0.63	0.96%	1.13%	-2.97%	-8.66%	-8.66%	-3.70%	4.58%	1.09%
MCD	54.22	0.64	1.19%	0.22%	4.31%	-6.40%	-6.68%	-8.10%	12.33%	21.90%
MRK	45.98	-0.12	-0.26%	-3.79%	-16.20%	-19.78%	-19.85%	-19.84%	-9.88%	1.88%
MSFT	30.45	-2.15	-6.60%	-7.56%	-8.03%	-13.91%	-13.54%	-17.84%	3.92%	-0.33%

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)

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Value Line Report(s) this past Friday

This week, Value Line reported on Altria Group Inc [GICS 30, Dow 30]
and Coca Cola [GICS 30, Dow 30].

Altria Group Inc
(MO: Value Line Report Feb. 1: next one is due May 2)

I have no comment about Atria (Philip Morris) as I do not care to support an industry that admits to making lethal products. The stock may have appeal to income-oriented investors, but I believe there are better options available in markets.

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Coca Cola
(KO: Value Line Report Feb. 1: next one is due May 2)

This company is ranked highly by Value Line in terms of Timeliness (“1”), Safety (“1”), and Technical (“2”). However, the VL analyst has opined that there is “below-average price appreciation potential for the 2010-2012 pull.”

Recessions hit companies like Coca-Cola rather hard. I’m surprised that the VL analyst is looking for earnings growth for 2008 of the kind that the company routinely had during the past several years.

Given that the share buy-backs are minimal, and the $USD might be about to rally this year, which would hold down profits from abroad (74 pct of the total), the earnings projections may be on the high side.

I like the company products and marketing, I like the operating margins and return on equity performance. It’s just not a great time to be buying the stock, in my view. In fact, I think KO could under-perform the S&P 500 by -10 pct this year and maybe next.

Conclusion: I pass on KO for this year. Maybe next. I like the company.

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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 Oct. 19: next one is due Jan. 18)

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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 Nov. 2: next one is due Feb. 1)

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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 Nov. 23: next one is due Feb. 22)

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American Express [GICS 40, Dow 30]
(AXP: Yahoo Finance file)
(AXP: StockChart chart)
(AXP: Billcara2 chart)
(AXP: ADVFN Financial Data)
(AXP: Value Line Report Nov. 23: next one is due Feb. 22)

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AT&T [GICS 50, Dow 30]
(T: Yahoo Finance file)
(T: StockChart chart)
(T: Billcara2 chart)
(T: ADVFN Financial Data)
(T: Value Line Report Dec. 28: next one is due Mar. 28)

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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 Dec. 21: next one is due Mar. 21)

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Caterpillar [GICS 20, Dow 30]
(CAT: Yahoo Finance file)
(CAT: StockChart chart)
(CAT: Billcara2 chart)
(CAT: ADVFN Financial Data)
(CAT: Value Line Report Jan. 25: next one is due Apr. 25)

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Citigroup [GICS 40, Dow 30]
(C: Yahoo Finance file)
(C: StockChart chart)
(C: Billcara2 chart)
(C: ADVFN Financial Data)
(C: Value Line Report Nov. 23: next one is due Feb. 22)

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Coca Cola [GICS 30, Dow 30]
(KO: Yahoo Finance file)
(KO: StockChart chart)
(KO: Billcara2 chart)
(KO: ADVFN Financial Data)
(KO: Value Line Report Nov. 2: next one is due Feb. 1)

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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 Nov. 16: next one is due Feb. 15)

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Dupont [GICS 15, Dow 30]
(DD: Yahoo Finance file)
(DD: StockChart chart)
(DD: Billcara2 chart)
(DD: ADVFN Financial Data)
(DD: Value Line Report Oct. 19: next one is due Jan. 18)

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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 Dec. 14: next one is due Mar. 14)

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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 Jan. 11: next one is due Apr. 11)

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General Motors [GICS 25, Dow 30]
(GM: Yahoo Finance file)
(GM: StockChart chart)
(GM: Billcara2 chart)
(GM: ADVFN Financial Data)
(GM: Value Line Report Aug. 31: next one is due Feb. 29)

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Hewlett-Packard [GICS 45, Dow 30]
(HPQ: Yahoo Finance file)
(HPQ: StockChart chart)
(HPQ: Billcara2 chart)
(HPQ: ADVFN Financial Data)
(HPQ: Value Line Report Jan. 11: next one is due Apr. 11)

---

Home Depot [GICS 25, Dow 30]
(HD: Yahoo Finance file)
(HD: StockChart chart)
(HD: Billcara2 chart)
(HD: ADVFN Financial Data)
(HD: Value Line Report Jan. 4: next one is due Apr. 4)

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Honeywell [GICS 20, Dow 30]
(HON: Yahoo Finance file)
(HON: StockChart chart)
(HON: Billcara2 chart)
(HON: ADVFN Financial Data)
(HON: Value Line Report Jan. 11: next one is due Apr. 11)

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IBM [GICS 45, Dow 30]
(IBM: Yahoo Finance file)
(IBM: StockChart chart)
(IBM: Billcara2 chart)
(IBM: ADVFN Financial Data)
(IBM: Value Line Report Jan. 11: next one is due Apr. 11)

---

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 Jan. 11: next one is due Apr. 11)

---

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 Aug. 31: next one is due Feb. 29)

---

JP Morgan [GICS 40, Dow 30]
(JPM: Yahoo Finance file)
(JPM: StockChart chart)
(JPM: Billcara2 chart)
(JPM: ADVFN Financial Data)
(JPM: Value Line Report Nov. 23: next one is due Feb. 22)

---

McDonalds [GICS 30, Dow 30]
(MCD: Yahoo Finance file)
(MCD: StockChart chart)
(MCD: Billcara2 chart)
(MCD: ADVFN Financial Data)
(MCD: Value Line Report Dec. 7: next one is due Mar. 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 Nov. 16: next one is due Feb. 15)

---

Merck [GICS 35, Dow 30]
(MRK: Yahoo Finance file)
(MRK: StockChart chart)
(MRK: Billcara2 chart)
(MRK: ADVFN Financial Data)
(MRK: Value Line Report Oct. 19: next one is due Jan. 18)

---

Microsoft [GICS 45, Dow 30]
(MSFT: Yahoo Finance file)
(MSFT: StockChart chart)
(MSFT: Billcara2 chart)
(MSFT: ADVFN Financial Data)
(MSFT: Value Line Report Nov. 23: next one is due Feb. 22)

---

Pfizer [GICS 35, Dow 30]
(PFE: Yahoo Finance file)
(PFE: StockChart chart)
(PFE: Billcara2 chart)
(PFE: ADVFN Financial Data)
(PFE: Value Line Report Oct. 19: next one is due Jan. 18)

---

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 Jan. 4: next one is due Apr. 4)

---

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. 25: next one is due Apr. 25)

---

Verizon [GICS 50, Dow 30]
(VZ: Yahoo Finance file)
(VZ: StockChart chart)
(VZ: Billcara2 chart)
(VZ: ADVFN Financial Data)
(VZ: Value Line Report Dec. 28: next one is due Mar. 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 Nov 9: next one is due Feb 8)

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Wrap up:

“We are also sharing more here. Thank you. It’s quite inspiring to receive the mail I get. It’s a lot of mail, mind you, but every one of them is welcome.”

That’s what I wrote a week ago. In fact, I could write it every week now because your mail and contributions to the daily Discourse is quite inspiring.

On Tuesday, the National/Financial Post will be publishing an article that will cover my trading and blogging. Fingers crossed it turns out ok.

I have a lot going on, but I had to shorten this week because this is Super Bowl Sunday and I have family visiting.

Ciao. I have a football game to watch. Too bad I couldn’t make it to Cousey’s party at the Sunrise. But I’m sure his people were devastated by the Green Bay loss.

That’s the problem with life: we can’t all be winners.

btw, we had some computer problems with the charts. I was late to get to it, and then took longer than usual. MY apologies for the ton of typos I'm sure are here. But the truth is I just type and don't look back.

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