At the close on Friday, the DJIA (+42.91 +0.33% to 12892) and S&P 500 (+9.02 +0.65% to 1398) were buoyed by the Basic Materials (XLB +2.86%, mostly chemicals) and Financials (XLF +1.89%), while the NASDAQ Composite (-5.99 -0.25% to 2423) sank on lower Microsoft earnings (-11% to $4.39 billion vs $4.93 billion a year earlier) and guidance going forward, which pulled down the Techs (XLK -1.19%).

On the worsening economic front, the final reading of the Reuters/University of Michigan consumer sentiment survey for April dropped to a 26-year low.

Also on the earnings front, American Express (AXP) earnings dropped -6% ($0.85 vs $0.87) but beat consensus on the Street of $0.81, while revenue increased +11% to $7.18 billion, as expected.

Interactive Brokers (IBKR) jumped +10.9% after earning $0.66/sh vs $0.31/sh a year ago and well up from a consensus $0.50/sh.

Research In Motion (RIMM/RIM) dropped -2.9% after news that the new 3G Blackberry for AT&T would be delayed.

Weakening currencies abroad (Euro -0.45% to 1.5618 and Yen -0.16% to 95.75) helped strengthen the $USD (+0.32% to 72.80).

Crude Oil ($WTIC) jumped up +$2.46/bbl to a high of 118.52, setting an intra-day high of 119.55/bbl. There were concerns over supply disruptions at a UK pipeline and in Nigeria, where Shell Oil was attacked by rebel forces again.

The US long bond dropped ($USB -0.44% to 115.59) while yields lifted across the board: 30-year $TYX +0.99% to 4.589; 10-year $TNX +1.02% to 3.866; 5-year $FVX +2.32% to 3.176; and T-Bill $IRX +5.33% to 1.285.

$GOLD stayed flat (+$0.30/oz to 889.70). On the precious metals spot market, gold, palladium, platinum and silver closed the week not very strongly at 885.15, 437.5, 1951, and 16.82, respectively.

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Comments & Outlook

As noted yesterday, I think there are more problems ahead within the Financial sector, despite all the cheerleading, and on relative basis the Tech sector would be favored, although I anticipate weakness there too this year. This will be a year where costs of corporations will continue to rise, while prices will come under pressure. With both ends squeezed, the bottom line has to suffer. Financial engineering, federal bail-outs and anticipated results from 1-800-HELP, which has supported high stock prices, can work only so long.

I will discuss more in the Sunday Week In Review.

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Links & Charts

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International Economics Review

US Economic Calendar.

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Knobias Cara100 Tables

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Cara 100 Daily RSI-7 Charts

At least one RSI value >70:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
SYT	61.69	88.25	66.66	50.91	Sell alert (trig. 3 days ago [on 2008-04-23 at $61.87, -0.29% chg], after a 5 day DZ)
ECA	81.92	81.47	63.59	50.14	Sell alert (trig. 4 days ago [on 2008-04-22 at $84.94, -3.56% chg], after a 5 day DZ)
WMT	57.65	81.15	81.21	80.74	Distribution Zone (for 4 days)
ABB	30.07	75.13	70.99	80.38	Distribution Zone (for 2 days)
RIO	37.92	73.34	65.01	54.21	Sell alert (trig. 2 days ago [on 2008-04-24 at $37.33, +1.58% chg], after a 2 day DZ)
GGB	37.13	72.68	70.18	51.33	Sell alert (trig. 2 days ago [on 2008-04-24 at $37.71, -1.54% chg], after a 2 day DZ)
NUE	75.73	72.03	74.71	66.86	Sell alert (trig. 2 days ago [on 2008-04-24 at $73.45, +3.10% chg], after a 1 day DZ)
COST	71.54	71.87	71.11	77.72	Distribution Zone (for 1 days)
EXC	86.39	71.74	69.14	64.14	Sell alert (trig. 5 days ago [on 2008-04-21 at $86.32, +0.08% chg], after a 2 day DZ)
TT	46.03	71.07	61.26	41.28
PBR	123.33	70.60	63.27	56.47	Sell alert (trig. 3 days ago [on 2008-04-23 at $126.18, -2.26% chg], after a 2 day DZ)
CHRW	62.32	69.55	76.16	67.30	Sell alert (trig. 1 days ago [on 2008-04-25 at $62.32, +0.00% chg], after a 2 day DZ)
BHP	84.50	68.84	72.70	67.50
STO	34.70	67.36	71.36	58.91
JNJ	67.31	63.34	71.08	75.69
WBK	117.31	61.87	58.58	71.45
HDB	114.88	61.69	61.69	78.92
LLTC	34.67	59.90	71.59	76.21
MICC	109.34	59.04	60.79	78.35
HBC	85.78	56.28	72.34	70.24
IBKR	30.92	54.79	55.32	75.77
DOW	40.86	53.96	68.89	76.12
GOOG	544.06	51.49	60.71	73.82
BBBY	33.43	51.12	63.02	72.44
DIS	32.36	50.20	58.48	73.37
PTR	149.50	49.84	57.04	78.27
GS	192.00	49.61	59.00	80.57
INFY	43.12	48.64	64.46	73.40
BA	84.84	48.31	62.90	82.62
IBN	47.20	47.17	51.57	77.74
KSS	50.65	44.29	65.49	87.15
GSK	45.12	37.74	52.99	70.62

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
SBUX	15.86	11.84	31.92	24.22	Buy alert (trig. 1 days ago [on 2008-04-25 at $15.86, +0.00% chg], after a 1 day AZ)
BC	16.35	13.79	45.66	58.84
DELL	19.11	21.86	39.26	49.83	Buy alert (trig. 8 days ago [on 2008-04-16 at $18.72, +2.08% chg], after a 2 day AZ)
GOL	15.00	23.63	26.09	44.85	Buy alert (trig. 2 days ago [on 2008-04-24 at $14.78, +1.49% chg], after a 1 day AZ)
BBD	22.14	26.75	17.01	10.41	Accumulation Zone (for 8 days)
WFMI	31.19	28.72	32.21	30.52
GRMN	46.09	31.95	23.11	49.16
DNA	71.97	43.53	36.39	28.19
ABX	39.67	49.36	33.86	28.18
YHOO	26.80	49.83	45.43	26.59
PG	66.55	50.72	39.08	21.74
SLW	14.59	52.78	37.12	24.98
GG	36.59	59.37	42.26	28.19

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International Equity Markets Review

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.

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Here is the latest session data for the German DAX.

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

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

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

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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.

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Here is the latest chart for the Singapore index .

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Here is the latest chart for the Shanghai Composite index .

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

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

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

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US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

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
BA	84.84	1.84	2.22%	7.86%	10.38%	15.48%	-2.05%	10.14%	-11.63%	-10.40%
GM	21.38	-0.73	-3.30%	6.21%	8.97%	14.52%	-12.41%	-17.10%	-43.27%	-31.19%
C	26.60	0.84	3.26%	5.93%	13.87%	27.70%	-8.02%	-0.15%	-35.48%	-50.56%
AXP	47.77	2.59	5.73%	4.92%	10.09%	10.71%	-6.41%	5.13%	-20.06%	-23.35%
JPM	47.79	0.82	1.75%	4.44%	12.37%	11.89%	13.33%	9.51%	3.78%	-9.52%
HD	29.78	0.86	2.97%	3.84%	5.72%	8.77%	14.06%	4.38%	-3.00%	-24.61%
DIS	32.36	0.42	1.31%	3.29%	7.22%	4.39%	1.63%	12.83%	-6.07%	-8.38%
T	38.58	-0.07	-0.18%	2.85%	3.43%	2.44%	-5.90%	9.42%	-5.90%	-1.43%
VZ	37.04	0.68	1.87%	2.80%	4.07%	3.32%	-14.28%	-1.91%	-17.52%	-1.62%
MRK	40.72	0.75	1.88%	2.41%	-1.02%	-8.51%	-29.02%	-14.79%	-28.64%	-22.28%
WMT	57.65	0.20	0.35%	2.38%	5.20%	10.61%	22.92%	19.88%	31.38%	18.11%
MCD	59.67	0.09	0.15%	2.35%	7.71%	7.55%	2.70%	10.30%	2.76%	22.70%
GE	33.33	0.52	1.58%	1.96%	3.99%	-8.96%	-9.33%	-1.97%	-17.01%	-5.87%
JNJ	67.31	-0.06	-0.09%	1.20%	1.98%	4.88%	2.12%	7.76%	5.25%	4.07%
UTX	72.68	-0.02	-0.03%	0.23%	4.53%	6.02%	-3.36%	-0.10%	-4.01%	6.82%
INTC	22.56	-0.13	-0.57%	0.04%	6.21%	8.51%	-11.01%	12.80%	-12.86%	1.35%
PFE	20.43	0.39	1.95%	-0.20%	-0.10%	-0.34%	-10.82%	-9.64%	-15.89%	-22.38%
CVX	92.69	0.29	0.31%	-0.53%	4.38%	9.69%	-0.82%	13.29%	1.60%	18.35%
MSFT	29.83	-1.97	-6.19%	-0.57%	5.48%	6.88%	-15.30%	-9.44%	-6.75%	2.90%
BAC	38.30	0.43	1.14%	-0.67%	3.68%	0.60%	-5.57%	-2.99%	-18.51%	-25.24%
PG	66.55	-0.28	-0.42%	-0.92%	-4.93%	-4.16%	-7.97%	1.90%	-6.73%	4.75%
IBM	123.08	-1.11	-0.89%	-1.06%	6.10%	7.43%	17.57%	17.76%	9.10%	21.31%
KO	59.33	-0.92	-1.53%	-1.30%	-1.59%	-2.64%	-2.88%	1.58%	-3.21%	14.67%
AIG	47.53	0.56	1.19%	-1.45%	7.90%	11.05%	-15.58%	-10.69%	-23.08%	-32.08%
AA	35.72	0.87	2.50%	-1.49%	1.62%	-1.08%	-1.13%	16.39%	-6.95%	-0.11%
HPQ	47.45	-0.90	-1.86%	-1.52%	4.35%	2.95%	-4.74%	8.48%	-7.67%	13.33%
XOM	92.46	-0.14	-0.15%	-1.64%	4.33%	8.50%	-1.12%	10.15%	0.97%	15.69%
CAT	82.25	0.43	0.53%	-3.55%	9.96%	6.69%	16.45%	24.75%	10.15%	12.32%
DD	49.88	0.19	0.38%	-4.11%	1.11%	7.41%	14.04%	11.54%	3.19%	-0.18%
MMM	77.82	-1.31	-1.66%	-6.13%	-0.83%	-0.17%	-5.91%	3.06%	-9.61%	1.10%

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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The Americas

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

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

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

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Sector ETF Summary for the US equity market

The tables I show in this section 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