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May 31, 2008

Daily Report for Sat, May 31, 2008

Markets Re-cap

There were too many mixed signals in the past few days for either bull or bear side to take hold.

On Friday, the DJIA (-7.90 -0.06% to 12,638.32), S&P 500 (+2.12 +0.15% to 1400.38), and NASDAQ Composite (+14.34 +0.57% to 2522.66) were mixed. Energy (XLE +1.0%) was strongest and Financials (XLF -1.3%) the weakest.

The Cara 100 winners on the day were: INFY +8.3%, DELL +5.7%, CTSH +5.3% and CHA +5.0%. The losers were: DB -6.1% and UBS -3.6%.

Goldminer stocks ($XAU +2.2%) (after the prior day’s loss of -4.1%) and Semi-conductors ($SOX +2.1%) were the strongest of the industry groups. Yesterday’s losers were Airlines ($XAL -1.4%) and Banks ($BKX -1.3%).

On the macro-economic front, April personal income in the US was relatively strong +0.2% as expected but spending at +0.2% was weaker than expected. The Reuters/University of Michigan Consumer sentiment index continued its southward journey, hitting a 28-year low.

On the corporate mergers and acquisitions front, United Airlines (UAL) said a deal with Continental Airlines (CAL) is near, ending talks with US Airways (LCC).

After an opening move to the downside, the Crude Oil price ($WTIC) closed up +$0.73/bbl to 127.35. $GOLD gained $9.80/oz to 891.50.


Comments & Outlook

The SEC has released the Proposed Rule on Interactive Data to Improve Financial Reporting. Please see my notes in the Community Chat, where I hope to see some Discourse on the topic.

Traders are slightly bullish in the equity market, but the last three days seems to have taken on a “contrived” appearance.

I’ll work on the Week In Review tomorrow, but the lifestyle/weather in the Bahamas is hindering my concentration.

Have a good day, and weekend.


Links & Charts


International Economics Review

US Economic Calendar.



Knobias Cara100 Tables

 Portfolio GAINERS
SYMB LAST CHG %C VOL
INFY 49.110 +3.750 +8.3 7.8M
DELL 23.060 +1.250 +5.7 78.4M
CTSH 35.280 +1.790 +5.3 8.1M
CHA 71.160 +3.360 +5 0K
TCK 49.550 +1.630 +3.4 814K
SLW 14.500 +0.440 +3.1 2.3M
TM 102.050 +2.840 +2.9 409.8K
ABX 40.290 +1.120 +2.9 5.4M
STO 39.150 +1.050 +2.8 1.5M
PDA 65.700 +1.750 +2.7 106.1K
CCL 40.060 +1.040 +2.7 5.5M
NUE 74.800 +1.900 +2.6 6.8M
MICC 115.860 +2.800 +2.5 352.8K
PTR 142.550 +3.400 +2.4 776.2K
GRMN 48.650 +1.070 +2.2 2.6M
HDB 99.750 +2.130 +2.2 301.5K
ERJ 37.520 +0.760 +2.1 1M
IMO 58.300 +1.140 +2 275.3K
CSCO 26.720 +0.510 +1.9 61.4M
BBD 24.010 +0.420 +1.8 8.9M
GG 40.140 +0.690 +1.7 4.4M
CCJ 40.950 +0.690 +1.7 2.3M
SNDK 28.310 +0.450 +1.6 5.2M
TS 61.300 +0.930 +1.5 3M
AET 47.160 +0.650 +1.4 3.4M

 Portfolio LOSERS
SYMB LAST CHG %C VOL
DB 106.470 -6.880 -6.1 726.2K
UBS 23.660 -0.880 -3.6 12.6M
BC 13.700 -0.450 -3.2 4M
JCP 40.240 -1.270 -3.1 5.3M
COST 71.320 -1.660 -2.3 5.9M
BHP 84.340 -1.410 -1.6 4M
EXC 88.000 -1.390 -1.6 4.6M
LEH 36.810 -0.560 -1.5 12.7M
VIP 35.270 -0.510 -1.4 3.1M
QCOM 48.540 -0.680 -1.4 20.2M
PAYX 34.550 -0.460 -1.3 3.4M
KSS 44.800 -0.530 -1.2 3.9M
YHOO 26.760 -0.310 -1.1 17.7M
KO 57.260 -0.610 -1.1 13.4M
KB 62.450 -0.650 -1 366.8K
ABV 68.670 -0.640 -0.9 1.3M
WHR 73.680 -0.660 -0.9 741.1K
MFC 38.670 -0.330 -0.8 712.5K
SBUX 18.190 -0.140 -0.8 11.9M
TGT 53.360 -0.390 -0.7 6.3M
SWK 48.580 -0.330 -0.7 665.5K
XOM 88.760 -0.590 -0.7 26.9M
BBBY 31.860 -0.210 -0.7 3M
CHL 73.790 -0.470 -0.6 2M
DIS 33.600 -0.210 -0.6 12.7M

 Portfolio 52-Wk HIGHS
SYMB DAY HIGH LAST CHG %CHG VOL
TS 62.280 61.300 +0.930 +1.54 3.00M
QCOM 49.500 48.540 -0.680 -1.38 20.20M

 Portfolio 52-Wk LOWS
SYMB DAY LOW LAST CHG %CHG VOL
BC 13.390 13.700 -0.450 -3.18 4.03M
GFI 12.750 12.930 +0.030 +0.23 4.78M

 Portfolio VOLUME
SYMB LAST %C VOL %ADSV
DELL 23.060 +5.7 78.4M +218
INFY 49.110 +8.3 7.8M +180
BC 13.700 -3.2 4M +155
UBS 23.660 -3.6 12.6M +133
CHRW 64.500 -0.4 3.2M +97
GGB 49.960 +0.7 4.7M +59
ERJ 37.520 +2.1 1M +47
DB 106.470 -6.1 726.2K +47
TS 61.300 +1.5 3M +46
CTSH 35.280 +5.3 8.1M +45
GSK 44.530 +1.3 1.8M +43
EXC 88.000 -1.6 4.6M +43
CCL 40.060 +2.7 5.5M +31
KO 57.260 -1.1 13.4M +29
IBN 37.730 +0.1 3.2M +27
ABV 68.670 -0.9 1.3M +24
COST 71.320 -2.3 5.9M +22
PAYX 34.550 -1.3 3.4M +20
BDK 64.700 +1.1 757.6K +19
NOK 28.400 +1.4 19.8M +18
CSCO 26.720 +1.9 61.4M +17
TT 46.420 +0 2.6M +16
UTX 71.040 +1.2 5.3M +16
JCP 40.240 -3.1 5.3M +14
QCOM 48.540 -1.4 20.2M +14

 Analysts UPGRADES
SYMB ANALYST OLD   NEW BEFORE   AFTER
DELL Merrill Lynch --- --- Neutral Buy
PBR Goldman Sachs --- --- Neutral Buy
• PREVIOUS SESSION
NONE FOUND.

 Analysts DOWNGRADES
SYMB ANALYST OLD   NEW BEFORE   AFTER
COST Piper Jaffray --- 77.00 Buy Neutral
• PREVIOUS SESSION
NONE FOUND.


Cara 100 Daily RSI-7 Charts


At least one RSI value >70:
rsi
TickerLastRSI-7MRSI-7WRSI-7DZone
SYT61.2993.8061.8452.82
ECA90.3786.0567.0146.36Sell alert (trig. 6 days ago [on 2008-05-22 at $94.31, -4.18% chg], after a 8 day DZ)
GGB49.9685.5291.0662.67Sell alert (trig. 2 days ago [on 2008-05-29 at $49.59, +0.75% chg], after a 1 day DZ)
WMT57.7485.3871.8163.49
ATVI33.7581.2282.6575.73Distribution Zone (for 2 days)
PDA65.7080.1584.1075.81Distribution Zone (for 3 days)
PBR70.5079.9571.9450.91Sell alert (trig. 6 days ago [on 2008-05-22 at $72.02, -2.11% chg], after a 5 day DZ)
RIMM138.8779.0669.1661.77
QCOM48.5477.7780.2166.69Sell alert (trig. 1 days ago [on 2008-05-30 at $48.54, +0.00% chg], after a 1 day DZ)
RIO39.7877.0660.6740.89Sell alert (trig. 7 days ago [on 2008-05-21 at $41.78, -4.79% chg], after a 3 day DZ)
ABB32.4876.3674.8355.77Sell alert (trig. 5 days ago [on 2008-05-23 at $32.76, -0.85% chg], after a 1 day DZ)
CHRW64.5075.4872.8553.97
SU68.3575.1771.1554.21Sell alert (trig. 4 days ago [on 2008-05-27 at $68.73, -0.55% chg], after a 12 day DZ)
TS61.3075.1485.6268.25Sell alert (trig. 4 days ago [on 2008-05-27 at $59.21, +3.53% chg], after a 6 day DZ)
STO39.1574.1169.2551.02Sell alert (trig. 4 days ago [on 2008-05-27 at $39.07, +0.20% chg], after a 7 day DZ)
EXC88.0073.4263.5151.85Sell alert (trig. 3 days ago [on 2008-05-28 at $88.82, -0.92% chg], after a 1 day DZ)
VCP33.6673.1961.2370.90
TT46.4271.9462.0753.06Sell alert (trig. 8 days ago [on 2008-05-20 at $46.53, -0.24% chg], after a 1 day DZ)
CVX99.1571.6069.2647.15Sell alert (trig. 5 days ago [on 2008-05-23 at $100.73, -1.57% chg], after a 6 day DZ)
COST71.3271.4059.9543.90
TOT87.2670.3872.0354.47Sell alert (trig. 4 days ago [on 2008-05-27 at $87.15, +0.13% chg], after a 6 day DZ)
BBD24.0170.1266.9068.40
NUE74.8070.0957.1945.17
LLTC36.7766.4780.0158.84
ORCL22.8465.5172.3569.56
ADBE44.0661.1077.8979.13
INFY49.1160.3770.8279.45
CTSH35.2852.6967.7679.08
DELL23.0647.9775.5683.59
AET47.1645.4660.4674.79
BMY22.7936.4154.4771.60
SBUX18.1929.5657.3375.77

At least one RSI value <30:
rsi
TickerLastRSI-7MRSI-7WRSI-7DZone
UBS23.6610.9920.269.67Accumulation Zone (for 4 days)
BC13.7013.9028.3011.97Accumulation Zone (for 2 days)
WFMI29.0021.4934.0043.86Buy alert (trig. 3 days ago [on 2008-05-28 at $28.69, +1.08% chg], after a 5 day AZ)
JCP40.2424.0042.1735.46
GOL15.3625.0341.7649.55
BDK64.7027.1238.3047.16
SBUX18.1929.5657.3375.77
GFI12.9330.6736.8329.41
DB106.4731.5828.8312.72
GE30.7234.3727.0029.64
IBN37.7336.4131.7620.28
ABV68.6749.1933.7116.92
CHL73.7951.4734.6623.65


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
HPQ 47.06 0.15 0.32% 4.81% 0.71% -2.02% -5.52% -1.49% -8.01% 3.04%
IBM 129.42 -0.29 -0.22% 3.79% 0.75% 4.70% 23.63% 13.67% 23.05% 21.04%
WMT 57.74 -0.20 -0.35% 3.02% 1.09% -0.57% 23.11% 16.43% 20.54% 22.54%
VZ 38.47 0.10 0.26% 2.67% -1.11% -2.16% -10.97% 5.92% -10.97% -12.21%
JNJ 66.74 0.32 0.48% 2.03% 0.09% -1.58% 1.26% 7.71% -1.48% 5.57%
T 39.90 -0.30 -0.75% 1.84% 0.10% -0.10% -2.68% 14.56% 4.42% -2.64%
HD 27.36 -0.35 -1.26% 1.67% -7.35% -8.40% 4.79% 3.05% -4.20% -29.30%
BA 82.77 0.66 0.80% 1.67% -3.25% -3.09% -4.44% -0.02% -10.56% -17.68%
MCD 59.32 -0.16 -0.27% 1.35% -2.53% -2.63% 2.10% 9.63% 1.45% 18.10%
MMM 77.56 -0.20 -0.26% 1.20% -0.39% -0.36% -6.23% -1.07% -6.85% -11.79%
C 21.89 -0.15 -0.68% 0.78% -7.75% -15.78% -24.31% -7.68% -34.26% -60.34%
PG 66.05 0.58 0.89% 0.66% -0.47% -1.46% -8.66% -0.20% -10.74% 3.45%
CAT 82.64 -0.14 -0.17% 0.51% -1.03% 0.35% 17.00% 14.25% 14.94% 5.30%
AXP 46.35 -0.40 -0.86% -0.02% -7.04% -9.70% -9.19% 9.57% -21.41% -28.69%
DIS 33.60 -0.21 -0.62% -0.03% -3.97% 0.90% 5.53% 3.67% 1.36% -6.43%
JPM 43.00 -0.57 -1.31% -0.12% -8.55% -12.69% 1.97% 5.78% -5.74% -17.40%
MRK 38.96 0.04 0.10% -0.18% -2.60% 0.03% -32.09% -12.05% -34.37% -26.09%
AA 40.59 0.25 0.62% -0.51% -5.03% 16.91% 12.34% 9.29% 11.60% -1.58%
MSFT 28.32 0.01 0.04% -0.53% -7.00% -3.67% -19.59% 4.12% -15.71% -8.97%
GE 30.72 0.08 0.26% -0.94% -5.10% -7.25% -16.43% -7.30% -19.77% -18.58%
DD 47.91 0.11 0.23% -1.07% -3.25% -2.10% 9.53% 3.21% 3.81% -7.37%
UTX 71.04 0.81 1.15% -1.11% -4.37% -4.64% -5.54% 0.75% -4.99% 2.32%
KO 57.26 -0.61 -1.05% -1.73% 0.44% -3.10% -6.27% -2.05% -7.79% 7.94%
BAC 34.01 -0.59 -1.71% -2.07% -7.35% -13.66% -16.15% -14.42% -26.27% -33.06%
PFE 19.36 -0.04 -0.21% -2.12% -3.59% -5.28% -15.50% -13.11% -18.52% -29.37%
CVX 99.15 0.29 0.29% -2.71% 0.67% 4.43% 6.09% 14.41% 12.97% 20.55%
INTC 23.18 0.04 0.17% -2.93% -7.17% -0.47% -8.56% 16.07% -11.12% 4.98%
AIG 36.28 0.94 2.66% -4.05% -8.31% -24.65% -35.56% -22.58% -37.59% -49.67%
XOM 88.76 -0.59 -0.66% -4.05% -2.78% -1.05% -5.08% 2.01% -0.45% 5.67%
GM 17.10 -0.28 -1.61% -7.22% -17.91% -26.26% -29.95% -26.55% -42.68% -43.15%

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) (