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May 2, 2008

Daily Report for Fri, May 02, 2008

Markets Re-cap

As the commodity trade has been unwinding this week, the $USD has firmed. Yesterday, Consumer Discretionary (XLY +5.8%), Tech (XLK +4.2%) and Financials (XLF +3.4%) helped push the broad market indexes higher in New York.

The DJIA (+189.87 +1.48% to 13010), S&P 500 (+23.75 +1.71% to 1409), and NASDAQ Composite (+67.91 +2.81% to 2480) enjoyed a Bear market rally.

Ignored was the jobless claims data where workers filing unemployment claims grew by +35000 last week.

On the earnings front, Exxon (XOM -3.6%) reported $10.89 billion in earnings last quarter, but missed analyst estimates.

Other key commodity stocks to get hurt were EnCana (ECA -3.8%) and Suncor (SU -3.5%) of the Canadian oil patch, and goldminer Barrick (ABX -3.3%). Goldcorp (GG/G) was off -1.7% to 35.11.

Crude Oil ($WTIC) dropped -$0.94/bbl to 112.51, down from 120 in a week.

$GOLD plunged a further -14.20 to 850.90.

The Semi-conductor industry ($SOX) gained +3.9%, with Intel (INTC), AMD (AMD) and Applied Materials (AMAT) up about +4.5% each on a Semiconductor Industry Association report that said sales rose +3.4% M/M for March.

All was clear blue skies yesterday in Tech, but “red skies in the morning; sailors take warning”.

The Sun (JAVA) dropped -15% in after-hours trading after reporting a breakeven quarter and a slight Y/Y sales decline to $3.266 billion. Analysts had been expecting a strong profit and a +3% revenue growth.

Sun's results should worry traders who have lifted share prices in recent weeks hoping for an economic recovery, but reports like the one from SUN suggest the downturn hasn’t happened. SUN slashed a further 2500 jobs.

Today, the US Dept of Labor issues its April employment report. Analysts believe there has been the loss of another 75,000 jobs.

Microsoft (MSFT) rose +3% and Yahoo (YHOO) dropped -2% after a Microsoft board meeting failed to bring a higher offer for Yahoo. This fight is likely to turn nasty today.

The 30-year US bond ($USB) gained +0.21% to 117.14 as yields came off a bit, recognizing the lower commodity prices and the affect that will have on inflation.

Yesterday the $USD jumped +0.93% to 73.27 and the Euro plunged -1.03% to 1.5466. Early this morning there was a multi-year low in the Yen to the US Dollar.

With the USD strength, precious metals remained under pressure: spot gold, palladium, platinum and silver at 7:45am ET: 852.20, 406, 1853, and 16.18.

The early futures are showing 1.5426 for the Euro, and 113.17 for Crude Oil, both a little softer in past minutes, and 13021 for the DJIA, a tad stronger.


Comments & Outlook

In my view, the Web has two terrific services for traders: Yahoo Finance and Google Finance. I must admit that I have always until quite recently enjoyed the Yahoo version better. But, no longer. Today, I am a believer in the excellent product put out by Google in this area.

Unfortunately, it’s Friday, the end of the trading week. Have a good day. Enjoy your jobs if you still have one. I suspect unemployment will get worse for the next two years, with growth in the part-time and less skilled jobs taking over in the US, and the higher paid jobs going abroad where employers can reduce their payrolls.

Don't get run over from all the US Jobs Report hype being laid down today.


Links & Charts


International Economics Review

US Economic Calendar.



Knobias Cara100 Tables

 Portfolio GAINERS
SYMB LAST CHG %C VOL
GOL 17.830 +1.580 +9.7 2.7M
BBD 24.410 +1.830 +8.1 19.4M
MICC 116.150 +8.140 +7.5 1.8M
SNDK 29.030 +1.940 +7.2 9.6M
WFMI 34.780 +2.140 +6.6 4.3M
LEH 46.930 +2.690 +6.1 21.4M
GRMN 43.120 +2.220 +5.4 7M
RIMM 128.000 +6.370 +5.2 20.5M
ABV 77.050 +3.750 +5.1 1M
CHRW 65.610 +2.930 +4.7 2.9M
ORCL 21.820 +0.970 +4.7 35.8M
INTC 23.290 +1.030 +4.6 71.5M
ADBE 39.010 +1.720 +4.6 7.2M
AMAT 19.510 +0.850 +4.6 19.8M
HDB 117.910 +5.110 +4.5 608.7K
BMY 22.940 +0.970 +4.4 16.9M
OXPS 22.340 +0.870 +4.1 1.1M
CSCO 26.670 +1.030 +4 71.5M
GS 199.050 +7.680 +4 9.5M
BBBY 33.670 +1.170 +3.6 5.7M
ERJ 43.160 +1.480 +3.6 611.9K
NTES 23.100 +0.780 +3.5 1.2M
CCL 41.550 +1.380 +3.4 4.1M
JCP 43.940 +1.440 +3.4 5.8M
ERTS 53.190 +1.720 +3.3 2.9M

 Portfolio LOSERS
SYMB LAST CHG %C VOL
ECA 77.740 -3.070 -3.8 3.6M
XOM 89.700 -3.370 -3.6 43.7M
SU 108.720 -3.970 -3.5 3.2M
ABX 37.360 -1.260 -3.3 14.1M
GFI 13.100 -0.400 -3 8.3M
IMO 57.110 -1.430 -2.4 348.8K
TCK 42.650 -1.020 -2.3 1.3M
NUE 73.820 -1.680 -2.2 4.7M
SLW 12.980 -0.290 -2.2 6M
YHOO 26.815 -0.595 -2.2 52M
RIO 38.270 -0.810 -2.1 23.9M
GG 35.110 -0.610 -1.7 10.8M
MBT 76.360 -1.220 -1.6 1.1M
STO 35.610 -0.560 -1.5 1.8M
CVX 94.940 -1.210 -1.3 15.3M
TOT 83.130 -0.870 -1 1.8M
AET 43.160 -0.440 -1 5.6M
CCJ 34.640 -0.350 -1 2.1M
BHP 80.000 -0.660 -0.8 5.5M
MFC 39.090 -0.070 -0.2 981.9K
CTSH 32.220 -0.030 -0.1 5M
PG 67.030 -0.020 -0 13.5M

 Portfolio 52-Wk HIGHS
SYMB DAY HIGH LAST CHG %CHG VOL
BBD 24.520 24.410 +1.830 +8.10 19.41M
CHRW 65.730 65.610 +2.930 +4.67 2.89M
GGB 40.200 39.680 +0.950 +2.45 3.11M
COST 72.930 72.000 +0.750 +1.05 4.66M
WMT 59.090 58.070 +0.090 +0.16 18.65M

 Portfolio 52-Wk LOWS
SYMB DAY LOW LAST CHG %CHG VOL
GFI 12.820 13.100 -0.400 -2.96 8.31M

 Portfolio VOLUME
SYMB LAST %C VOL %ADSV
GOL 17.830 +9.7 2.7M +292
BBD 24.410 +8.1 19.4M +137
YHOO 26.815 -2.2 52M +114
MICC 116.150 +7.5 1.8M +110
XOM 89.700 -3.6 43.7M +101
WFMI 34.780 +6.6 4.3M +79
NTES 23.100 +3.5 1.2M +78
SLW 12.980 -2.2 6M +75
TS 53.700 +1.3 2.9M +75
ABX 37.360 -3.3 14.1M +65
OXPS 22.340 +4.1 1.1M +61
ABV 77.050 +5.1 1M +59
GG 35.110 -1.7 10.8M +57
KSS 48.980 +0.3 8.1M +46
CSCO 26.670 +4 71.5M +46
CHRW 65.610 +4.7 2.9M +45
BMY 22.940 +4.4 16.9M +44
GFI 13.100 -3 8.3M +43
CVX 94.940 -1.3 15.3M +42
PBR 121.950 +0.4 14.8M +42
AET 43.160 -1 5.6M +41
CEO 179.940 +1.3 626.4K +39
SBUX 16.650 +2.6 21.1M +39
JCP 43.940 +3.4 5.8M +38
DB 122.150 +2.3 604.6K +34

 Analysts UPGRADES
SYMB ANALYST OLD   NEW BEFORE   AFTER
NONE FOUND.
• PREVIOUS SESSION
SLW CIBC --- --- Sector Underperform Sector Perform

 Analysts DOWNGRADES
SYMB ANALYST OLD   NEW BEFORE   AFTER
XOM JP Morgan --- --- Overweight Neutral
GRMN JMP Sec --- --- Mkt Outperform Mkt Perform
GRMN Merrill Lynch --- --- Buy Neutral
• PREVIOUS SESSION
NONE FOUND.


Cara 100 Daily RSI-7 Charts


At least one RSI value >70:
rsi
TickerLastRSI-7MRSI-7WRSI-7DZone
SYT58.7691.0356.2435.45Sell alert (trig. 7 days ago [on 2008-04-23 at $61.87, -5.03% chg], after a 5 day DZ)
WMT58.0781.7484.7068.54Sell alert (trig. 2 days ago [on 2008-04-30 at $57.98, +0.16% chg], after a 6 day DZ)
ECA77.7481.2255.8636.25Sell alert (trig. 8 days ago [on 2008-04-22 at $84.94, -8.48% chg], after a 5 day DZ)
PBR121.9578.4560.9852.18Sell alert (trig. 7 days ago [on 2008-04-23 at $126.18, -3.35% chg], after a 2 day DZ)
GGB39.6878.4079.3867.32Sell alert (trig. 6 days ago [on 2008-04-24 at $37.71, +5.22% chg], after a 2 day DZ)
RIO38.2777.5366.2454.25Sell alert (trig. 6 days ago [on 2008-04-24 at $37.33, +2.52% chg], after a 2 day DZ)
NKE67.8176.0367.8152.48
RIMM128.0075.9172.5162.82
ABB31.0475.7174.5181.05Distribution Zone (for 6 days)
EXC86.9175.6770.8663.71
NUE73.8274.1078.2148.86Sell alert (trig. 3 days ago [on 2008-04-29 at $75.08, -1.68% chg], after a 1 day DZ)
TT46.5473.9867.1961.42
PDA55.8073.1771.4967.75
COST72.0072.7274.4975.48Distribution Zone (for 2 days)
CHRW65.6172.5689.6281.48Distribution Zone (for 1 days)
VCP32.0471.4757.6461.74
BBD24.4169.4275.3578.77
CVX94.9468.1471.1064.37
STO35.6167.0475.5860.25
NTES23.1066.4369.9990.87
TS53.7064.5172.3857.92
TOT83.1364.4170.3862.46
MICC116.1564.0767.8478.64
QCOM44.3663.8766.3170.75
JNJ67.8163.7773.6178.21
LLTC35.9063.4983.2384.37
HDB117.9162.5762.5576.97
IBKR32.1560.0561.0780.49
UTX74.5058.5064.6470.36
HBC87.5557.2575.2081.12
GOOG593.0856.8270.6986.44
DIS33.3055.4667.6277.06
PAYX37.2152.5771.5378.98
ERTS53.1952.3167.7972.76
GS199.0551.3267.7280.71
PTR152.8550.7458.2776.75
INFY44.2450.0665.9172.40
ADBE39.0149.7364.2772.55
CSCO26.6749.5266.6077.54
BA85.4147.3664.8278.65
KB71.2645.8163.2971.90
OXPS22.3440.3947.3077.10
BMY22.9437.6854.5971.39
SNDK29.0336.3460.7570.29
GOL17.8334.3953.6282.19Buy alert (trig. 6 days ago [on 2008-04-24 at $14.78, +20.64% chg], after a 1 day AZ)
WFMI34.7832.9950.6871.60

At least one RSI value <30:
rsi
TickerLastRSI-7MRSI-7WRSI-7DZone
SBUX16.6517.3934.6046.63Buy alert (trig. 5 days ago [on 2008-04-25 at $15.86, +4.98% chg], after a 1 day AZ)
DELL19.0824.1936.0652.18
UBS34.6924.7948.8051.91
BC16.9526.8852.0667.71
GRMN43.1227.9124.4240.46Buy alert (trig. 1 days ago [on 2008-05-01 at $43.12, +0.00% chg], after a 1 day AZ)
JCP43.9429.8455.7867.48
GFI13.1031.5435.7327.35
DNA68.3538.1129.1525.02
ABX37.3644.8126.1927.01
SLW12.9844.9328.4123.07


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 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
AXP 51.33 3.31 6.89% 13.61% 14.83% 9.96% 0.57% 3.49% -12.09% -16.29%
VZ 39.32 0.84 2.18% 8.14% 9.68% 3.28% -9.00% 1.47% -12.11% 2.10%
GM 23.19 -0.01 -0.04% 4.88% 17.18% 7.41% -5.00% -19.98% -37.74% -25.91%
JPM 49.25 1.60 3.36% 4.85% 9.15% 6.42% 16.79% 2.07% 11.12% -5.76%
DIS 33.30 0.87 2.68% 4.26% 8.19% 5.61% 4.59% 8.61% -1.48% -6.12%
BAC 39.39 1.85 4.93% 4.01% 5.12% -2.43% -2.88% -12.52% -13.83% -22.66%
T 39.94 1.23 3.18% 3.34% 6.31% 2.38% -2.59% 4.34% -1.29% 2.83%
HD 29.87 1.07 3.72% 3.28% 6.22% 2.22% 14.40% -1.90% -2.67% -22.27%
BA 85.41 0.55 0.65% 2.90% 11.05% 12.17% -1.40% 3.20% -11.58% -8.39%
CVX 94.94 -1.21 -1.26% 2.75% 3.21% 8.23% 1.58% 15.09% 6.63% 21.17%
INTC 23.29 1.03 4.63% 2.64% 5.34% 6.20% -8.13% 6.98% -12.11% 6.83%
AIG 48.15 1.95 4.22% 2.51% 4.29% 2.47% -14.48% -13.60% -18.79% -31.24%
UTX 74.50 2.03 2.80% 2.48% 5.24% 5.29% -0.94% 0.51% -0.29% 10.00%
MCD 60.92 1.34 2.25% 2.25% 6.26% 8.32% 4.85% 12.36% 3.25% 23.97%
PFE 20.44 0.33 1.64% 2.00% 0.20% -4.22% -10.78% -13.35% -14.66% -23.13%
WMT 58.07 0.09 0.16% 1.08% 2.47% 5.72% 23.82% 13.46% 31.89% 20.15%
GE 33.12 0.42 1.28% 0.94% 3.44% -12.47% -9.90% -8.41% -17.90% -10.73%
C 25.99 0.72 2.85% 0.89% 8.16% 6.69% -10.13% -12.46% -32.51% -52.05%
JNJ 67.81 0.72 1.07% 0.65% 3.12% 3.89% 2.88% 7.02% 4.87% 5.03%
CAT 82.35 0.47 0.57% 0.65% 4.78% 6.85% 16.59% 14.76% 12.33% 12.44%
PG 67.03 -0.02 -0.03% 0.30% -0.78% -4.88% -7.30% 1.48% -2.27% 6.46%
AA 34.72 -0.06 -0.17% -0.37% -2.39% -9.91% -3.90% 1.28% -8.39% -0.12%
IBM 123.61 2.91 2.41% -0.47% 0.43% 6.54% 18.07% 13.32% 8.76% 19.81%
HPQ 48.03 1.68 3.62% -0.66% 1.52% 2.28% -3.57% 8.13% -6.74% 11.91%
DD 48.94 0.03 0.06% -1.51% -4.43% -0.29% 11.89% 6.51% 2.09% -0.85%
MMM 77.84 0.94 1.22% -1.63% -3.48% -2.91% -5.89% -4.15% -7.22% -6.90%
KO 59.09 0.22 0.37% -1.93% -2.62% -2.43% -3.27% -0.29% -2.97% 12.27%
MRK 38.95 0.91 2.39% -2.55% -0.69% 1.54% -32.11% -15.29% -32.10%