The DJIA (-20.11), S&P 500 (-1.47), and NASDAQ (+1.47) closed with little change.

Shares of Ford Motor (F +9.5% to $8.21) revved up on news of Kirk Kerkorian's 20 million share purchase decision (at $8.50/share). But Continental (CAL -1.5%) was grounded after nixing plans for a potential United Air merger. The Airlines ($XAL), however, gain +2.2% on the day.

Papers (-2.6%), Chemicals (-1.8%) and Goldminers ($XAU -1.3%) in the Basic Materials (XLB -0.57%) were the weakest industries, while Utilities (XLU -0.97%) was the weakest sector.

The strongest stock of the Cara 100 is Netease.com (NTES +5.6%), the consumer electronic games company in China. The Chinese Internet stocks also performed in bullish fashion yesterday. The Cara 100 losers were the Indian banks (IBN -3.9% and HDB -2.9%) and Silver Wheaton (SLW -2.5%).

After the close, Visa (V +0.7%) reported Q2 net income of $314 million ($0.52/share), which beat consensus estimates.

Crude Oil futures ($WTIC +0.24/bbl to 118.76) remained at extreme over-bought levels due to supply disruptions caused by strikes and violence in the North Sea and Nigeria.

$GOLD gained +$2.69/oz to 892.39, as the $USD lost -0.32% to 72.57 as currency traders flattened positions ahead of the FOMC meeting. The Euro gained a bit (+0.13%) to 1.5638.

The long bond (30-year $USB) gained +0.38% to 116.03. The T-Bill yield lifted +3.5% to 1.33 percent.

In the spot precious metals market at 7:26am ET today, gold, palladium, platinum and silver are down (886.12, 427, 1945 and 16.75 respectively) as the $USD is stronger. The Euro futures are down -0.47% to 1.5539.

Crude futures have dropped -0.86/bbl to 117.89 and the DJIA futures are down -45 to 12845.

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Comments & Outlook

Things are quiet in capital markets early this week. But the $USD is pushing gold to a significant support position, where if the line doesn’t hold at around 875, I think the prospects are for a drop to about 800, possibly down to the 870 level that I have previously opined would be the cycle bottom of the short-term bear phase.

But this is a Bull market for precious metals, longer-term. A primary Bull it is called.

One of the delights for the goldbugs is what JP Morgan discussed early today in that there seems to be a prospect that the People’s Bank of China could do a one-off upwards revaluation of the Yuan (to counter the high inflation there), but until it happens nobody knows. These stories seem to come out always when the technical support and resistance lines are nearby and threatening.

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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	61.26	86.01	63.35	47.18	Sell alert (trig. 4 days ago [on 2008-04-23 at $61.87, -0.99% chg], after a 5 day DZ)
WMT	57.35	82.99	84.46	71.47	Distribution Zone (for 5 days)
ECA	82.43	81.37	64.83	52.66	Sell alert (trig. 5 days ago [on 2008-04-22 at $84.94, -2.96% chg], after a 5 day DZ)
COST	70.83	74.16	68.68	69.04	Sell alert (trig. 1 days ago [on 2008-04-28 at $70.83, +0.00% chg], after a 1 day DZ)
ABB	30.55	74.02	74.50	83.01	Distribution Zone (for 3 days)
EXC	85.17	72.26	66.21	50.29	Sell alert (trig. 6 days ago [on 2008-04-21 at $86.32, -1.33% chg], after a 2 day DZ)
TT	46.14	71.67	63.87	46.74
RIMM	122.39	71.54	65.05	55.61
NUE	77.00	70.98	73.71	71.46	Distribution Zone (for 1 days)
GGB	37.79	70.65	67.71	57.81	Sell alert (trig. 3 days ago [on 2008-04-24 at $37.71, +0.21% chg], after a 2 day DZ)
RIO	38.02	70.22	63.56	55.37	Sell alert (trig. 3 days ago [on 2008-04-24 at $37.33, +1.85% chg], after a 2 day DZ)
PBR	122.76	70.03	61.59	54.16	Sell alert (trig. 4 days ago [on 2008-04-23 at $126.18, -2.71% chg], after a 2 day DZ)
STO	35.76	68.04	79.03	67.01
BHP	82.53	66.79	70.04	57.13
JNJ	67.32	63.90	71.28	76.00
NTES	21.49	62.98	63.49	82.64
CVX	92.50	62.39	70.58	57.69
LLTC	35.01	60.22	73.87	79.02
WBK	118.34	60.20	60.55	73.86
MICC	111.39	60.10	61.19	80.73
HBC	85.85	56.79	71.19	71.03
IBKR	31.14	55.01	56.72	76.87
GOOG	552.12	52.50	60.29	76.55
DIS	32.43	51.06	58.53	74.30
GS	190.24	48.71	57.53	74.71
BA	84.98	48.56	65.03	82.93
KSS	49.92	43.95	66.16	77.74
JCP	43.54	36.14	53.41	71.52

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
SBUX	15.66	12.17	30.29	22.66	Buy alert (trig. 2 days ago [on 2008-04-25 at $15.86, -1.26% chg], after a 1 day AZ)
BC	16.38	15.54	47.58	59.46
DELL	18.87	20.92	38.58	42.02
GOL	15.03	24.78	33.15	45.82	Buy alert (trig. 3 days ago [on 2008-04-24 at $14.78, +1.69% chg], after a 1 day AZ)
WFMI	31.76	29.58	36.36	41.59
ABX	39.04	48.16	31.56	25.71
YHOO	26.43	48.92	45.57	23.02
SLW	14.23	49.59	36.34	21.73
PG	66.21	50.07	36.48	19.20
GG	36.10	58.20	41.14	26.28
KO	58.98	61.91	43.33	28.44

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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	84.98	0.14	0.17%	7.45%	10.05%	14.27%	-1.89%	9.51%	-11.50%	-9.61%
C	26.81	0.21	0.79%	7.11%	19.10%	25.16%	-7.30%	-3.04%	-37.11%	-49.77%
VZ	37.95	0.91	2.46%	5.53%	7.39%	4.12%	-12.17%	-0.42%	-16.78%	0.16%
AXP	47.89	0.12	0.25%	4.79%	12.10%	9.54%	-6.17%	1.03%	-21.06%	-22.93%
JPM	47.34	-0.45	-0.94%	4.67%	14.07%	10.22%	12.26%	3.88%	0.04%	-9.91%
MRK	41.44	0.72	1.77%	4.57%	0.10%	9.20%	-27.77%	-15.86%	-28.03%	-20.09%
GM	21.94	0.56	2.62%	3.15%	15.47%	15.17%	-10.12%	-17.30%	-41.91%	-30.48%
DIS	32.43	0.07	0.22%	3.08%	7.96%	3.35%	1.85%	10.42%	-5.67%	-7.29%
HD	29.73	-0.05	-0.17%	2.59%	6.52%	6.29%	13.86%	2.02%	-5.17%	-22.72%
GE	33.17	-0.16	-0.48%	2.19%	4.47%	-10.38%	-9.77%	-4.46%	-17.86%	-9.96%
T	38.30	-0.28	-0.73%	1.89%	2.96%	0.00%	-6.59%	5.22%	-7.62%	-0.88%
WMT	57.35	-0.30	-0.52%	1.72%	3.99%	8.86%	22.28%	17.74%	28.47%	18.64%
MCD	59.59	-0.08	-0.13%	1.57%	7.29%	6.85%	2.56%	16.68%	1.92%	21.74%
BAC	38.18	-0.12	-0.31%	1.52%	7.31%	0.71%	-5.87%	-7.33%	-20.51%	-24.80%
JNJ	67.32	0.01	0.01%	1.51%	2.40%	3.78%	2.14%	6.74%	4.70%	4.91%
UTX	73.04	0.36	0.50%	1.32%	4.36%	6.13%	-2.89%	-0.94%	-3.18%	7.90%
INTC	22.71	0.15	0.66%	1.11%	9.76%	7.22%	-10.41%	11.93%	-12.45%	3.84%
AIG	47.04	-0.49	-1.03%	1.07%	8.66%	8.76%	-16.45%	-14.08%	-24.31%	-32.93%
PFE	20.23	-0.20	-0.98%	0.15%	-1.61%	-3.34%	-11.70%	-12.01%	-16.78%	-23.98%
CVX	92.50	-0.19	-0.20%	-0.22%	3.58%	8.36%	-1.03%	11.63%	0.93%	18.47%
CAT	83.03	0.78	0.95%	-0.36%	9.92%	6.05%	17.56%	21.73%	10.65%	12.57%
AA	35.74	0.02	0.06%	-1.41%	5.33%	-0.89%	-1.08%	13.57%	-9.17%	-0.69%
HPQ	47.59	0.14	0.30%	-1.78%	3.86%	4.23%	-4.46%	8.65%	-9.30%	12.53%
XOM	92.45	-0.01	-0.01%	-1.92%	3.07%	9.30%	-1.13%	8.60%	0.26%	15.04%
IBM	121.69	-1.39	-1.13%	-2.14%	3.76%	5.69%	16.24%	15.92%	7.00%	20.28%
KO	58.98	-0.35	-0.59%	-2.27%	-3.31%	-3.10%	-3.45%	-0.72%	-4.21%	13.29%
PG	66.21	-0.34	-0.51%	-2.35%	-5.58%	-5.51%	-8.44%	1.41%	-7.72%	5.13%
MSFT	28.99	-0.84	-2.82%	-4.70%	3.31%	2.15%	-17.69%	-11.40%	-17.24%	-3.75%
DD	49.18	-0.70	-1.40%	-5.88%	0.78%	5.18%	12.44%	9.68%	1.67%	-1.03%
MMM	77.13	-0.69	-0.89%	-6.33%	-1.44%	-2.55%	-6.75%	-0.40%	-10.45%	-5.42%

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

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
IYZ	25.03	0.14	0.56%	4.34%	7.70%	7.10%	-14.19%	-2.23%	-22.77%	-21.63%
XLF	26.93	-0.04	-0.15%	3.34%	9.87%	8.28%	-5.04%	-4.33%	-20.07%	-27.80%
IYH	64.26	0.22	0.34%	1.32%	1.20%	2.62%	-8.33%	-3.86%	-9.89%	-10.34%
XLI	38.59	0.22	0.57%	1.26%	5.87%	3.18%	0.21%	6.10%	-4.24%	2.52%
XLY	32.37	0.01	0.03%	0.94%	5.47%	5.37%	0.53%	3.25%	-11.17%	-17.91%
SPY	139.63	0.03	0.02%	0.78%	5.04%	5.80%	-3.66%	3.25%	-9.11%	-6.62%
XLP	28.04	0.11	0.39%	0.07%	0.94%	0.65%	-1.23%	4.20%