You may think this is a capitulation of sorts on my part, but it is not. A trader's level of concern may rise and fall, but that may not be a sufficient call to action. You see, we must trade prices, even when bankers manufacture them and manipulate them, and render them temporarily useless as a measure of economic value.

Regrettably, we are all now forced to be day-traders, and the new “Dow Theory Buy Signal” for many international markets, pointed out by Twiggs and I presume others, cannot be ignored. Smart traders take into consideration everything they can, and Dow Theory is one of the most important of the thousand points of light.

What does this introduction mean? It means simply that, due to the massive credit expansion that started with the JP Morgan take-over of Bear Stearns, followed by the continued efforts by the Fed to flood new money into the banks, and by the Treasury Secretary to pander to Joe Public with 1-800-HELP telephone lines and instant tax rebates or money giveaways, that I anticipate seeing share prices rise for a bit longer, and the bullish Dow Theory signal will bring more bids to the market. Traders should not ignore that evidence.

But that does not mean you should assume the underlying value of the equity is rising; it is not. In fact, every argument that says new wealth is being created by governments, banks and, for the most part, the service sector is flat-out wrong. Value creation through construction and manufacturing is clearly on a steep decline in America, and, to be frank, in too many other countries to ignore.

The sad reality is that all the free money being thrown around today is being done to save bankers from their own bankruptcy, a fact that will in time be recognized by your young children and their children.

The fact is that a price of a blue chip stock can be financially engineered just the same as a crooked stock promoter can do for a penny stock.

Do you recall the time I told you when a promoter from Vancouver came to see me when I was working for Canada’s 800-pound broker-dealer gorilla in the early 1980’s in Toronto? He was pushing penny stock and I was one of the few who worked for a white-shoes firm in the city who would listen. I did ok by that practice, but that’s another story.

Anyway, this young man had been a practicing physician in Ontario who had been captured by the lure of record high prices of gold in 1980-81, so he quit his practice and moved to Vancouver to apprentice for a man who later became a friend of mine, a real scoundrel in the eyes of securities regulators but a person who in running the promotion for a stable of about 100 public companies raised incredible capital for natural resources company exploration.

So this ex-practicing physician and newly minted stock promoter came into my office with a story he wanted me to hear. “My stock is $1.00 today, but it’s going to be $1.50 on Monday. You need to jump in now.” So why, I asked. “Oh, do you want it to be $1.75?” he said.

…Absolutely a true story. I have seen it all.

Bernanke to Paulson, “So, Hank, when do you need the Dow at 14000?”

I cannot say the latter is a true story, but only because I wasn’t in the room. However, I am not an idiot; I don’t have to be in the room. The market tells me what’s going on.

I can see the desperation in the eyes of the Talking Heads on Financial Entertainment Television. There is no soul behind the words. These people are hurting. They have families who are in tears having lost their homes in the Hamptons. They are being ordered, under pressure of dismissal, to smile for the cameras.

For all I care, these people can do whatever they have to do to make a living, as long as it’s legal. They have careers and families to take care of. I cannot sit in moral judgment.

But I also don’t take the advice of desperate people, particularly sales people who, if they were in real estate, would be offering me swampland for beachfront property, or expensive Miami Brickell Avenue condos for what is really the unstated need to take over condo management costs since many of the buildings are empty.

What goes around comes around, and it will in the equity market too, especially when in too many cases the equity in stocks (like banks for example) is implied and not real.

So here we are, ready to buy stock prices higher just because they are going higher. The game of musical chairs has begun, with one difference: when the music stops, the Humungous Bankers and Brokers (HB&B) will have been tipped in advance and their chairs will have been assured by Prof. Bernanke… paid for in advance by our children and our children’s children.

To be practical, if you want to join the rush into stocks, and I hope not because RSI and Stochastics are too high at this point, why not look at the recent Accumulation Zone stocks of the Cara 100. At least these have some upside potential because they have been recently oversold. Starbucks (SBUX) for one is not a broken company. Their offering is not a place for discretionary purchases of over-priced coffee; it’s a lifestyle-oriented Internet café, which in a high-pressure world is, in my eyes, a staple. If the $USD continues to rally, the cost of coffee beans is likely to come down, as will oil prices, and so the customers are more likely to have a couple extra bucks to pay for that $4 peach- or double-chocko flavored latte.

Just remember that, in my view, this “rush into stocks” is merely a Bear market rally, but one that (with good timing) maybe should not be missed on account of the central bankers of the world being ready, willing and able to work with a lame-duck Treasury Secretary who just might be intent to take the DJIA to 18,000, even if he has to bankrupt America to get it there.

If you do consider following a prices-chasing strategy, for whatever your reasoning, please don’t think your stop loss orders will help much. The reason is simple: your broker-dealer is part of the central bank-HB&B network. They know your orders, they know your financial resources; they know your trading style; and, sadly, they – your trusted advisors – trade against you. They continuously create bursts of volatility to shake out stop positions. They do it to take your money to put into their pockets.

Is this knowledge such a bad thing? Well, we have to deal with reality, so let’s start creating mental stops, or paper stops, followed by market orders when those levels have been violated. There is no reason to hand the time float to the enemy. That’s like going into battle with cap guns and baseball caps. Little Jane and Johnny will get obliterated, real quick. You have to smart – the enemy is using your Assets Under Administration/Management to finance the recruitment of the smartest financial minds in the world to work for them, not you. So deal with it.

The enemy does not like Market Orders – trust me – particularly if they get hit with many at once.

There are times – like this – where day trading and Market Orders are necessary. I wish it were not so.

One final point is that I have not yet recommended (for intermediate- or long-term oriented traders) buying gold because that is a USD hedge play, and the Fed needs the $USD to stay as strong as possible while they buy time (time is their enemy) while they feed short-term money to commercial and investment bankers, hoping to stave a major recession/depression while long-term credit market excesses are corrected.

The Fed needs foreign currencies to flow into the US to buy stocks and bonds, or else the Fed is in trouble. Prof. Bernanke doesn’t have much of a balance sheet left to deal with for monetary policy purposes, and the banks that own him are sick, having too much trouble these days recapitalizing their own balance sheets. But, if bond prices, stock prices and the $USD don’t move up here (as they are), then interest rates will soar because inflation is soaring, and that will force more damage in the housing market crisis, which will cause the credit markets to seize up again. As I say, the Fed is at the end of their rope. The commercial and investment banks need time to raise more capital before we get hit with the next round of the credit market fiasco.

So, as long as I see the $USD strong, and oil and other commodity prices falling, I must believe that the Fed and other central bankers will do what they can to knock down the price of gold. How long and how far they can is the issue. I suspect the answer has a lot to do with how high the bond market goes before supposedly smart long-term oriented fixed income (bond) investors decide to say “no mas, no mas!!” That point will be reached when Americans admit they cannot or will not take any more inflation, and pull out of the stores and shopping malls. So, the Consumer Discretionary sector (XLY) and in particular the US Retailer industry ($RLX) is going to be a bellwether.

Here’s my recommendation. Insert the following string of ticker symbols into a new portfolio monitor using Google Finance -- the best free stuff available to traders. It is an outstanding tool.

Here is the link to the Google Finance, followed by the string of symbols you need to insert into the window that facilitates setting up a new portfolio. For your information, I glance at this page every day.

Link to Google Finance Portfolio.

56 US-based Retailers:
AMZN,ANF,ANN,BBBY,BBY,BEBE,BJ,BKE,BKS,BONT,CACH,CC,COST,CVS,
CWTR,DBRN,DDS,DLTR,EBAY,ETH,FDO,FRED,GES,GPS,HD,HOTT,IBI,JCP,
JWN,KR,KSS,LOW,LTD,M,NDN,PIR,PSS,PSUN,RAD,ROST,RSH,SBUX,
SHLD,SKS,SWY,TGT,TIF,TJX,TLB,TWB,URBN,WAG,WFMI,WMAR,WMT,WSM

Enjoy.

At the point I think the “Trade of the Generation” is ready to enter – sometime in the next two quarters – I will advise you. That trade (when it comes) will be to sell US Treasury Bonds and to buy Gold in the spot and futures markets.

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Global Economics Review

The US economy is a worsening picture.

The fact that in 15 months, West Texas Intermediate Crude Oil has skyrocketed from $51 to $120, is clear indication the US economy is in deep trouble. Oil prices elsewhere in the world are as bad, which means that the global economy is also in deep trouble. Some traders are in denial. They mistakenly believe there can be a sustainable disconnect between capital markets and the economy.

(Last week’s WIR) The fact that Crude Oil prices ($WTIC) dropped -$2.20/bbl this week to 116.32 is nowhere close to the answer to the question: “When will the economy start to recover?” I suspect the seeds for that will be set if, as and when oil prices back down to south of 80, which will then be the new 51.

Here are the key US economic reports and the Econoday analysis from last week.

Conference Board reading US Consumer confidence for April. I wrote before the report: “It can’t be good if the U of Michigan reading was the lowest in 27 years.”

Econoday later opined, following the report: “The Conference Board issued today one of its most alarming reports on consumer confidence in 40 years of data, results certain to push stocks, the dollar and Treasury yields lower.”

US Govt advance reading of Q1 GDP. I wrote before the report: “Next month will be first adjustment, and the month following that will be the final adjustment. Along the line, the numbers are ridiculously biased estimates, and often quite different from the final figure, which is also an estimate. Unless the data is produced independently, it serves only as a talking point for cheerleaders of the Administration.”

After the report, Econoday opined: “The initial estimate for first quarter GDP is keeping the economy out of the technical definition of recession - but just barely - and gives the Fed a little flexibility over whether to cut the fed funds target rate this afternoon or not. While the markets are primarily betting on another small rate interest rate cut, continued high inflation certainly should give the Fed additional reason to pause. Real GDP came in at an annualized 0.6 percent, compared to the consensus expectation of a 0.3 percent gain and to the fourth quarter's 0.6 percent annualized increase. The first quarter GDP price index firmed to an annualized 2.6 percent boost from the prior quarter's 2.4 percent.”

My response is that without a substantial gain in inventory, the GDP would have been a negative number. The ex-head of the Dallas Fed opined the number would have been -0.2%. Let’s wait to see next month’s adjustment before saying the US economy is definitely not in recession.

US Fed central bank monetary policy decision

US Personal Income and Outlays report for March. I wrote before the report: “The widening gap between the wealthy and the rest in America, which skews these numbers, cannot hide the fact that consumers are becoming desperate, and more unhappy than at any time since 1982. This crisis is being met with the plan of the Administration and Congress to write free money to people in need, and for US retailers offering special discounts to those who spend their “found” money in these stores rather than pay down their debts, which would be the prudent thing to do.”

Econoday wrote after the report: “Spending was up but largely due to higher costs. Inflation was up but more at the headline level than at the core, leaving the consumer sector softer than headline numbers suggest.” I’ll agree.

US manufacturing firms on employment, production, new orders, supplier deliveries, and inventories for April. I wrote before the report: “The factory sector is contracting despite a falling USD that helps exporters like Boeing. Factory jobs in America continue to be eliminated and sent abroad in a master plan that US bankers are financing.”

Econoday wrote after the report: “…the main index was unchanged at 48.6 in April, just under the breakeven 50 level to indicate very slight month-to-month contraction in business conditions. New orders unfortunately are contracting at a steeper rate, unchanged at 46.5 in the month. Export orders remain the standout component in the report, up 1 point to 57.5 to indicate significant expansion…”

I’ll add: American manufacturing is in deep trouble if the $USD lifts… and guess what?... it’s lifting.

US Construction Spending for March. I opined: “…continues to fall because America is basically bankrupt.”

The result was a sharper-than-expected drop of -1.1% M/M. Wake up America...

US Jobs Report for April. I opined before the report: “Employment falls and unemployment builds. The money giveaway by the Administration and Congress is an attempt to get people working part-time into low-paid service jobs to give the appearance the jobs picture is improving. You know who will take credit (for something that does not exist).”

After the report, Econoday stated: “The April employment report was not nearly as bad as expected and wage pressures came in soft. Overall, the economy is flat rather than declining.” To that, I’ll say “Hogwash!” Take workers off the roles, and replace good jobs with minimum wage jobs (which the workers will do because families need to eat and they need healthcare)… Wake up America!

US Factory Orders for March. I wrote before the report: “When factory orders fell -1.3% in February, worse than the -0.6% estimate and showing a back-to-back decline with January which, together with five consecutive sub-50 reading for new orders in the ISM report, it can only be said that the US manufacturing sector is in dire straits, and spin-masters will do all they can to hide that fact.”

Econoday reported after the report: “The headline reading jumped +1.4 percent in March but reflects an inflation-related 2.6 percent spike in the nondurable goods component which includes fuels. The durable goods component, first released in last week's durable goods report, rose 0.1 percent in the month and is upwardly revised from last week's 0.3 percent decline -- which really represents the best news in the report.”

I can only say, “Wait til next month. Let’s see what happens after consumers don’t buy the inventory on the shelves. US manufacturing is in trouble, and now that the $USD is starting to lift, exports will be pulled down, and it will get worse…”

So much for last week, which was another bad one. Let’s look ahead. Here is next week’s economic calendar:

US Economic Calendar.

US ISM non-manufacturing survey for April. Just remember that 1-800-HELP doesn’t last forever.

US Productivity and Costs report for Q1 unadjusted. I say this report will be nonsense. Wait til next month and the month after to see the adjustments.

US Existing Home Sales Index for March. Watch for the spin here. Banks are in even more trouble if this report looks bad, so they’ll try hard to make it look good.

US International Trade Deficit for March. The February number was an utter disaster, growing “to $62.3 billion from a revised $59.0 billion shortfall in January and was wider than the consensus forecast for a $57.5 billion figure.” The problem is that Mom & Pop just don’t want to buy American…

The Bank of England and the European Central Bank report monetary policy decisions on Thursday. The talking points will be discussed beforehand with Prof Bernanke. Needless to say, all these economies are sinking, and central bankers will try to put whatever good spin on it they can. They know, however, that the taxpayer bears the burden of whatever decision they make.

The economic issues that Americans are struggling with are global in scope.

Weekly International Economic Report .

It’s amazing to me that central bankers can say they are putting the screws to inflation as Job #1, but in fact are doing just the opposite. These people need to be strapped to lie detector apparatus when they speak.

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US Equity Markets Review

DJIA ino.com chart

DJIA stockcharts.com chart

For this week, 23 of the Dow 30 stocks were up, 7 down.

Party hard my friends; Dow Theory may say otherwise, but this is still a Bear market.

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NASDAQ Composite ino.com chart

NASDAQ Composite stockcharts.com chart

Microsoft (MSFT) vs Yahoo (YHOO) will turn bitter this coming week. Do you think the middle fields of Oregon will serve as the next world war? I mean sunny California vs overcast and rainy Washington State… Seattle vs Silicon Valley… So what; it’s a diversion… I had $50 on Big Brown to win; now it’s on Microsoft.

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. If you want, add a couple like SNDK and ADBE:
AAPL MSFT GOOG QCOM RIMM CSCO INTC ORCL GILD EBAY

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

This week, there were 8 sectors up and 2 down. Turnaround from a week earlier and everybody seems to be saying the next Bull market has started.

Let’s wait a couple weeks.

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

SPY Monthly data:

SPY Weekly data:

SPY Daily data:

The tables I show are for eleven GICS Sector Index Funds (ETF’s), including two for Technology (XLK and SMH), for a total of ten GICS sectors. They cover the full spectrum of the US equity market.

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
IYZ	26.08	-0.17	-0.65%	4.78%	8.76%	8.08%	-10.59%	-1.81%	-17.47%	-18.96%
XLK	24.79	-0.03	-0.12%	3.29%	4.07%	6.67%	-5.09%	5.49%	-12.03%	0.49%
SMH	31.79	0.16	0.51%	2.68%	4.57%	4.43%	1.37%	5.13%	-7.18%	-14.34%
XLF	27.67	0.11	0.40%	2.60%	4.61%	4.97%	-2.43%	-6.39%	-13.15%	-25.70%
XLY	33.19	-0.07	-0.21%	2.56%	3.49%	3.56%	3.07%	1.19%	-7.00%	-15.95%
XLU	41.02	0.53	1.31%	1.69%	1.26%	4.72%	-2.54%	1.94%	-2.15%	-2.84%
XLI	38.90	0.15	0.39%	1.38%	1.51%	1.30%	1.01%	2.77%	-3.16%	3.27%
SPY	141.51	0.40	0.28%	1.37%	2.19%	3.37%	-2.36%	1.38%	-6.44%	-5.39%
IYH	64.51	0.07	0.11%	0.73%	1.29%	0.50%	-7.97%	-4.96%	-8.76%	-10.18%
XLP	28.11	-0.04	-0.13%	0.65%	0.54%	-0.91%	-0.98%	2.34%	0.36%	2.97%
XLE	81.47	1.51	1.89%	-1.70%	-2.69%	5.38%	2.48%	14.18%	7.74%	26.94%
XLB	42.57	0.56	1.33%	-3.14%	-4.04%	-0.79%	3.08%	4.03%	-0.14%	9.38%

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. SPY XLE XLB XLI XLY XLP IYH XLF XLK 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

I now use XLK for the Tech sector [and revert to a total of ten (10) sectors], but will also include Semiconductors (SMH), because it is my bellwether on the economy.

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:

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
STO	37.07	1.46	4.10%	6.83%	9.67%	19.23%	18.66%	36.94%	10.89%	28.23%
PTR	156.97	4.12	2.70%	5.00%	24.43%	15.78%	-9.61%	4.82%	-38.46%	36.77%
CVX	95.32	0.38	0.40%	2.84%	2.30%	8.26%	1.99%	15.55%	7.73%	21.21%
TOT	84.05	0.92	1.11%	2.25%	3.56%	10.22%	0.92%	13.55%	6.10%	11.90%
CEO	176.00	-3.94	-2.19%	1.60%	-1.30%	10.81%	5.12%	14.87%	-14.98%	100.46%
PBR	124.42	2.47	2.03%	0.88%	-0.85%	12.29%	4.72%	10.05%	33.35%	143.82%
RIG	151.92	6.16	4.23%	-1.82%	-4.27%	5.84%	4.09%	21.11%	22.09%	70.29%
SLB	99.63	1.28	1.30%	-3.03%	-2.18%	9.04%	-0.94%	27.27%	0.82%	34.71%
XOM	89.61	-0.09	-0.10%	-3.08%	-4.67%	0.98%	-4.17%	4.26%	1.91%	12.27%
SU	111.54	2.82	2.59%	-3.12%	-4.02%	9.30%	1.15%	17.56%	2.76%	36.14%
IMO	55.40	-1.76	-3.08%	-3.20%	-6.02%	4.55%	0.87%	10.20%	0.69%	44.99%
ECA	78.86	1.12	1.44%	-3.74%	-8.55%	2.83%	13.29%	16.35%	8.80%	46.44%

Big gain on Friday; bigger loss the rest of the week. Commodity prices are sinking, and I expect that to continue.

Statoil (STO +6.8%) and PetroChina (PTR +5.0%) were strong, but the Cdns (ECA -3.7%, IMO -3.2% and SU -3.1%) were not.

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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:

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
GGB	41.79	2.11	5.32%	12.55%	12.16%	15.60%	45.61%	56.40%	38.75%	105.86%
RIO	39.91	1.64	4.29%	5.25%	5.22%	8.84%	22.01%	26.18%	9.70%	-4.20%
TS	53.91	0.21	0.39%	3.51%	-0.72%	5.71%	21.45%	31.68%	4.66%	16.69%
VCP	31.49	-0.55	-1.72%	1.65%	0.25%	1.16%	6.03%	4.10%	0.03%	55.51%
AA	36.11	1.39	4.00%	1.09%	-0.41%	-7.41%	-0.06%	5.34%	-6.35%	3.53%
PKX	124.64	1.09	0.88%	0.63%	7.02%	-7.03%	-14.90%	-9.03%	-25.10%	16.50%
MT	89.15	1.55	1.77%	0.21%	0.39%	4.67%	16.69%	24.77%	17.74%	64.12%
DOW	40.79	0.39	0.97%	-0.17%	2.03%	4.99%	5.26%	2.26%	-7.23%	-7.88%
BHP	84.00	4.00	5.00%	-0.59%	3.75%	14.72%	19.30%	13.94%	0.32%	69.22%
NUE	74.30	0.48	0.65%	-1.89%	0.51%	5.33%	28.17%	24.71%	28.30%	14.89%
RTP	484.37	20.37	4.39%	-3.28%	-1.21%	6.57%	15.41%	9.83%	30.65%	95.32%
TCK	43.63	0.98	2.30%	-4.05%	-8.40%	-2.76%	20.39%	24.02%	-10.12%	-44.43%

Brazil and Argentina were hot, hot, hot: GGB +12.6%, RIO +5.3% and TS +3.5%. But Teck (TCK -4.1%) and Rio Tinto (RTP -3.3%) were not. BHP had a terrific Friday (+5%) after Prof Bernanke goosed the banks. What happens when he wants the money back?

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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
UTX	75.10	0.60	0.81%	3.33%	3.57%	4.70%	-0.15%	1.32%	-0.73%	9.80%
ABB	30.88	-0.16	-0.52%	2.69%	10.40%	12.74%	7.82%	18.77%	0.36%	51.89%
FDX	96.86	-1.79	-1.81%	2.54%	0.16%	-0.01%	12.42%	3.68%	-5.44%	-10.07%
BA	85.69	0.28	0.33%	1.00%	8.94%	13.27%	-1.07%	3.54%	-12.35%	-8.68%
TXT	62.00	0.27	0.44%	0.99%	1.69%	6.84%	-7.20%	8.28%	-10.78%	21.00%
MMM	78.55	0.71	0.91%	0.94%	-5.25%	-2.45%	-5.03%	-3.28%	-7.47%	-6.95%
UPS	73.28	-0.30	-0.41%	0.77%	0.12%	-1.52%	5.96%	-0.68%	-1.01%	3.59%
ERJ	42.08	-1.08	-2.50%	0.77%	-0.33%	1.50%	-6.76%	-5.65%	-12.11%	-13.22%
CAT	82.80	0.45	0.55%	0.67%	-2.91%	6.39%	17.23%	15.38%	10.75%	12.81%
HON	60.63	-0.04	-0.07%	0.23%	-0.59%	4.05%	1.22%	0.70%	2.16%	9.24%
GE	33.34	0.22	0.66%	0.03%	1.99%	-11.24%	-9.30%	-7.80%	-17.33%	-10.64%
FLR	152.82	1.96	1.30%	-5.36%	-4.55%	-0.05%	5.83%	21.12%	2.39%	57.37%

A very uncertain sector at this point; the lifting $USD cannot help lift these stocks, but I suppose State Street Bank can use Mom & Pop’s pension money for whatever…

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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:

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
GOL	17.16	-0.67	-3.76%	14.40%	12.89%	8.68%	-28.47%	-13.81%	-35.66%	-40.64%
CCL	41.94	0.39	0.94%	6.31%	-1.27%	0.67%	-3.94%	-6.34%	-9.02%	-14.23%
JCP	45.18	1.24	2.82%	4.58%	12.14%	12.44%	8.48%	-6.85%	-15.22%	-43.31%
DIS	33.49	0.19	0.57%	3.49%	6.89%	7.20%	5.18%	9.23%	-1.27%	-6.19%
TM	104.94	1.87	1.81%	2.82%	3.34%	7.03%	-1.43%	-4.43%	-7.13%	-12.78%
BC	16.81	-0.14	-0.83%	2.81%	4.74%	-3.45%	-0.65%	-12.81%	-24.04%	-49.06%
BDK	67.61	0.48	0.72%	0.04%	-1.05%	-4.36%	-3.32%	-7.50%	-21.90%	-26.27%
TGT	53.91	-0.33	-0.61%	-0.13%	-1.26%	2.35%	8.89%	-5.50%	-9.14%	-8.55%
EBAY	31.11	-0.67	-2.11%	-0.61%	-1.89%	-5.56%	-4.25%	7.98%	-11.17%	-7.74%
BBBY	33.10	-0.57	-1.69%	-0.99%	2.19%	4.75%	16.71%	2.22%	1.60%	-19.66%
WHR	75.60	0.62	0.83%	-1.05%	-7.82%	-17.11%	-5.36%	-11.81%	-4.46%	-33.18%
NKE	67.66	-0.15	-0.22%	-1.57%	-0.34%	-1.24%	6.92%	8.24%	5.93%	26.51%

Brazilian airline GOL had a flying week until Friday: +14.4%... then landed -3.8% on Friday after traders figured the earlier gains were a tad overstated. Lower fuel costs helped. Same for Carnival Cruiselines (CCL +6.3%) and even Disney (DIS +3.5%).

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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
WFMI	34.98	0.20	0.58%	12.15%	6.16%	3.22%	-12.02%	-14.18%	-28.48%	-23.36%
PDA	58.80	3.00	5.38%	11.53%	16.04%	17.81%	22.17%	26.72%	10.36%	89.68%
ABV	78.91	1.86	2.41%	7.14%	2.76%	-1.45%	8.87%	4.20%	-4.33%	30.99%
BUD	50.28	0.59	1.19%	6.64%	4.86%	3.69%	-2.61%	4.62%	-0.75%	0.78%
SBUX	16.46	-0.19	-1.14%	3.78%	-9.96%	-11.03%	-14.76%	-14.36%	-35.53%	-47.33%
KR	27.37	-0.45	-1.62%	3.71%	9.48%	8.61%	6.62%	5.35%	-3.39%	-8.06%
PEP	69.10	0.60	0.88%	2.19%	-2.12%	-3.40%	-8.22%	0.39%	-5.32%	3.10%
DEO	82.37	-0.43	-0.52%	0.54%	-0.89%	-4.21%	-3.16%	0.44%	-10.22%	-3.34%
PG	66.80	-0.23	-0.34%	0.38%	-0.55%	-5.38%	-7.62%	1.14%	-3.95%	7.10%
WMT	57.50	-0.57	-0.98%	-0.26%	2.11%	5.70%	22.60%	12.35%	30.12%	19.10%
WAG	35.28	-0.41	-1.15%	-0.59%	-1.89%	-6.91%	-5.52%	-2.86%	-9.79%	-20.86%
KO	58.77	-0.32	-0.54%	-0.94%	-2.23%	-2.46%	-3.80%	-0.83%	-2.88%	11.50%

Whole Foods… wow! … up +12.2% W/W. And speaking of pork… I josh… Brazil’s Perigao (PDA) was jumping too (+11.5%). So was their beer (ABV +7.1%). Well, so was America’s beer (BUD +6.6%). How about that Starbucks (SBUX +3.8%). Double double? I ask them that just to infuriate the wait staff. I’m from Canada, eh!

Why don’t those marketing geniuses from Starbucks just put a “Canuck double double” on the menu, and compete head on with Timmy?

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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
BMY	23.35	0.41	1.79%	5.42%	5.66%	5.23%	-10.64%	-2.55%	-19.15%	-18.64%
AMGN	42.93	-0.30	-0.69%	1.61%	-0.33%	3.37%	-7.88%	-9.35%	-24.18%	-34.02%
JNJ	68.26	0.45	0.66%	1.41%	2.63%	3.85%	3.57%	7.73%	5.37%	5.86%
NVS	51.19	0.77	1.53%	1.17%	7.11%	-1.78%	-6.19%	1.51%	-2.70%	-12.53%
PFE	20.61	0.17	0.83%	0.88%	0.68%	-3.47%	-10.04%	-12.63%	-12.93%	-22.52%
GSK	45.36	0.44	0.98%	0.53%	4.71%	0.07%	-9.59%	-3.51%	-10.74%	-21.36%
WLP	51.33	0.39	0.77%	0.51%	5.97%	11.10%	-41.00%	-34.96%	-34.45%	-36.70%
NVO	67.07	-1.64	-2.39%	0.03%	-5.80%	-4.34%	5.13%	7.54%	-45.27%	-36.23%
MDT	49.25	-0.61	-1.22%	-0.34%	-1.48%	-0.81%	-0.51%	2.93%	5.06%	-8.88%
UNH	33.47	0.57	1.73%	-1.53%	-10.15%	-8.30%	-40.94%	-33.19%	-31.61%	-37.78%
AET	42.99	-0.17	-0.39%	-2.10%	2.87%	2.19%	-24.10%	-19.22%	-20.95%	-10.94%
DNA	67.24	-1.11	-1.62%	-6.57%	-7.54%	-15.67%	-0.24%	-5.04%	-10.14%	-18.13%

Not much happening this week.

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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
BBD	24.60	0.19	0.78%	11.11%	13.47%	-17.75%	-19.16%	-7.66%	-24.98%	12.53%
MER	52.71	0.32	0.61%	6.18%	11.32%	13.97%	-0.09%	-9.74%	-7.98%	-42.20%
GS	200.27	1.22	0.61%	4.31%	11.30%	14.18%	-3.53%	-3.61%	-12.77%	-8.76%
HBC	87.67	0.12	0.14%	2.20%	3.32%	3.45%	6.34%	13.61%	-7.45%	-6.39%
JPM	48.66	-0.59	-1.20%	1.82%	6.34%	6.78%	15.39%	0.85%	12.77%	-7.40%
CS	55.49	0.38	0.69%	1.06%	3.82%	-0.96%	-7.02%	-4.87%	-11.93%	-29.57%
DB	120.98	-1.17	-0.96%	0.52%	-0.49%	2.75%	-6.26%	4.43%	-4.40%	-21.53%
LEH	47.02	0.09	0.19%	0.32%	3.34%	6.74%	-24.39%	-28.76%	-21.79%	-37.71%
IBN	46.90	1.15	2.51%	-0.64%	11.19%	20.47%	-24.54%	-24.67%	-31.98%	13.86%
MS	50.31	-0.02	-0.04%	-0.67%	5.32%	5.69%	-1.26%	4.27%	-14.58%	-40.36%
C	26.39	0.40	1.54%	-0.79%	5.10%	9.59%	-8.75%	-11.11%	-30.06%	-51.40%
UBS	34.80	0.11	0.32%	-3.33%	-1.47%	3.42%	-24.00%	-17.22%	-29.37%	-46.83%

From #2 to #4 strongest sector this week, but still pretty strong. Of course they have friends in Washington in Prof Bernanke and Sec. Paulson.

Brazil’s leading bank, wise guy Donny Bradesco (BBD) was up +11.1%. Goldman’s Merrill Lynch managed to pop +6.2%. I suppose John Thain was telling more stories… “We don’t need a rescue package… really we don’t!”

UBS has been truth-telling…and the stock sunk -3.3% this week. These people actually admitted their investment bankers are greedy %#*!

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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:

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

XLK Monthly data:

XLK Weekly data:

XLK 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
RIMM	131.92	3.92	3.06%	9.90%	7.06%	9.94%	16.01%	43.02%	3.92%	197.92%
ADBE	40.38	1.37	3.51%	9.46%	11.33%	9.22%	-3.19%	17.11%	-15.66%	-2.72%
SNDK	29.19	0.16	0.55%	8.76%	6.53%	12.96%	-12.00%	5.95%	-34.30%	-31.32%
AAPL	180.94	0.94	0.52%	6.60%	12.36%	18.20%	-7.13%	35.28%	-3.69%	80.24%
CTSH	33.06	0.84	2.61%	5.79%	6.78%	12.49%	2.58%	10.79%	-19.17%	-21.62%
INTC	23.58	0.29	1.25%	4.52%	4.57%	7.82%	-6.98%	8.31%	-12.01%	7.52%
CSCO	26.75	0.08	0.30%	4.49%	9.14%	9.68%	0.79%	7.26%	-17.72%	-3.32%
INFY	44.94	0.70	1.58%	4.22%	4.32%	21.95%	1.15%	3.31%	-11.22%	-16.33%
QCOM	44.33	-0.03	-0.07%	2.52%	4.18%	5.42%	15.47%	5.05%	7.23%	0.14%
ADSK	39.42	0.11	0.28%	0.10%	18.49%	16.52%	-18.28%	-6.05%	-19.24%	-5.99%
ORCL	21.51	-0.31	-1.42%	-0.37%	-1.33%	5.70%	-4.36%	4.01%	-2.36%	14.05%
SAP	50.01	-0.70	-1.38%	-3.55%	-3.73%	-4.29%	-1.42%	3.86%	-6.08%	4.17%

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Sector 50 (telecom: IYZ, VOX and IXP)

RIMM (+9.9%) and ADBE (+9.5%) were rising, but then the sun (JAVA) set.

The Bulls would like to think that SanDisk (SNDK +8.8%) and Intel (INTC +4.5%) were a chip off the old block. Flash in the pan I say.

But you never know; which is why I love this industry.

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

IYZ Monthly data:

IYZ Weekly data:

IYZ Daily data:

Telecom (IYZ +4.8% W/W) was #1 for two weeks in a row. Go Verizon (VZ +6.9%); go big T (+4.0%). Now they’re going to tell you the iPhone is the reason for the blue sky.

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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:

Big day Friday (+1.31%) helped eek out a nice W/W gain (+1.69%), moving this sector from #10 to #6.

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Bonds & Yields Review

Table 10: US Treasury Yields

US Treasury Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
3 Month	1.44	1.35	1.29	1.30
6 Month	1.63	1.56	1.65	1.51
2 Year	2.45	2.37	2.41	1.89
3 Year	2.37	2.29	2.33	1.77
5 Year	3.17	3.08	3.17	2.73
10 Year	3.86	3.77	3.87	3.60
30 Year	4.58	4.50	4.59	4.40

Municipal Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	2.39	2.77	2.47	2.52
2yr AAA	2.28	2.39	2.42	2.45
2yr A	2.74	2.67	2.79	2.88
5yr AAA	2.92	2.90	3.10	2.98
5yr AA	3.00	2.97	3.11	3.19
5yr A	3.49	3.48	3.35	3.26
10yr AAA	3.70	3.70	3.74	3.72
10yr AA	3.79	3.68	3.64	3.73
10yr A	3.79	3.87	4.03	4.19
20yr AAA	4.64	4.58	4.45	4.72
20yr AA	4.34	4.40	4.84	4.91
20yr A	4.50	4.63	4.66	4.88

Corporate Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	4.09	4.10	4.30	3.93
2yr A	3.75	3.74	3.97	3.87
5yr AAA	4.46	4.48	4.35	4.15
5yr AA	4.82	4.83	5.01	4.37
5yr A	4.88	4.99	5.02	5.12
10yr AAA	5.69	5.27	5.56	5.57
10yr AA	5.81	5.79	5.92	5.91
10yr A	5.46	5.42	5.55	5.50
20yr AAA	6.03	5.97	6.50	6.59
20yr AA	5.97	6.36	6.09	5.92
20yr A	6.28	6.23	6.37	6.46

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Almost zero happening here this week. I thought the action would pick up after Prof. Bernanke reported for work on Wednesday afternoon, but … nothing.

Well the T-Bill yields lifted from 1.29% to 1.44% as a scare that the economy is gaining strength and rates will be headed higher. Boy, am I scared.

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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The TLT lost -1.26% on Friday to close at 91.61 after having a good week.

The TIP lost -0.25% Friday, but just -0.09% W/W to close at 106.32.

Prof. Bernanke’s decision on Friday in the early morning (before the man rose from his slumber) to feed Switzerland and every other bank with their hand out, mega-billions, was painful to bond investors. This speaks to my point that even bond investors have to be bond traders. There is no such thing as “Buy, Hold and Get Wealthy” anymore.

In any case, when Capt. Bernanke is at the controls of his Bell Jet Ranger, you can see the yields lift off too.

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	5.980	-0.070	-1.16%	2.40%	5.28%	1.36%	-33.56%	-21.32%	-58.33%	-83.95%
DRE	25.75	1.09	4.42%	0.98%	7.34%	4.12%	0.51%	5.53%	-14.08%	-40.26%
AGG	101.93	-0.20	-0.20%	0.52%	-0.07%	-0.52%	0.28%	-1.03%	1.37%	1.88%
AVB	105.37	1.37	1.32%	0.47%	4.21%	1.31%	15.35%	6.22%	-6.06%	-12.33%
TIP	106.32	-0.27	-0.25%	-0.09%	-1.15%	-2.37%	-0.30%	-2.53%	2.24%	5.34%
TLT	91.61	-1.17	-1.26%	-0.23%	-1.25%	-3.77%	-2.93%	-3.80%	0.63%	3.58%
SHY	82.91	-0.14	-0.17%	-0.26%	-0.54%	-1.04%	0.69%	-0.56%	1.89%	3.47%
EQR	43.63	0.64	1.49%	-0.39%	2.93%	0.79%	19.76%	12.59%	11.56%	-5.87%
IEF	88.16	-0.66	-0.74%	-0.46%	-1.43%	-3.09%	0.60%	-1.98%	3.61%	6.40%
NLY	16.99	-0.34	-1.96%	-0.59%	0.18%	7.06%	-6.13%	-15.01%	0.30%	7.80%
FRE	27.09	0.32	1.20%	-3.04%	0.11%	-1.85%	-17.26%	-16.52%	-43.95%	-59.13%
FNM	29.50	-0.25	-0.84%	-4.62%	3.33%	-2.77%	-21.25%	-16.67%	-43.93%	-50.69%

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Consumer Finance -USA -- Interactive Weekly Data Charts

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Consumer Finance -USA -- Interactive Daily Data Charts

Fannie and Freddie were sour, but Countrywide had some jump.

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Commodities Review

The $CRB lost -2.31% W/W to close at 408.13. There would have been a bigger loss W/W except for a strong gain on Friday (+2.01%). Same thing happened a week earlier.

Every time CRB looks ready to plunge down through the 50d MA, Crude Oil picks up.

The stories come mostly from pipeline issues, rebel action, warship maneuvers, etc. This should be a Hollywood script.

$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) dropped -2.20/bbl this week but lifted strongly on Friday, closing at 116.32.

“How many remember $51/bbl in January 2007?”

The 50d MA for $WTIC is now at 108.00 (amazing!), and the 200d MA is 91.48.

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

$GOLD lost -25.50/oz (-2.79% W/W) to 889.70. Actually that was a week ago. This week the loss was -31.70/oz (-3.56%) to 858.00.

But the gold-bugs still talk of 1033 gold (or higher). They seem to be caught in a time warp.

(Last week’s WIR) “In mid-March, it was $1033.90. Sorry gold-bugs, but sometimes the price falls too. In fact, it does when the $USD rallies. But you knew that so why are you bloody defensive all the time?... Actually, you know the answer to that too.”

The 50-day MA for $GOLD is now 936.82, and the 200d MA is 823.73. So the current price is well below the 50-day MA, and zeroing in on the 200d MA.

As I opined in this space a week ago, “The price still looks weak, but then it’s all a matter of how much, if any, the FOMC cuts rates on Tuesday… I’ll say this: if there is no rate cut, then the $USD is likely to rally even more and the gold-bugs will be crying poor and back on the conspiracy bandwagon again… Yes, I believe in the conspiracy. But let’s just say I believe more in the trends and cycles of the price series data. That way I stay focused.”

The Fed cut -25 basis points, but the USD still lifted and gold dropped again. The goldbugs just can’t get a break.

… or keep their mouth shut and just wait for the buying opportunity. These are the most impatient traders in the market. You’d think that after Barrick (ABX) and Newmont (NEM) gave then zip, nada, zero for 20 years at least they could have learned the virtue of patience.

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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 lost -2.91% to close at 16.47, and that’s after a gain of +1.60% on Friday, just like a week ago.

“Let me remind you that $SILVER was $21.44 just a month ago.”

For $SILVER, the 50d MA is now 18.34, and the 200d MA is 15.34. The current price is well below the 50-day MA, and closing in on the 200d MA.

Do you recall me saying: As I said since a couple days after the peak, when the gold-bugs were all claiming that the Bear Stearns fiasco was just a brief blip on the radar screen (or do you forget that already): “If you are a Precious Metals Bull, let’s see if silver and gold can get above the 50-day MA before we start dancing. As far as I’m concerned, until that happens, the music has stopped.”

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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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This week $PLAT lost -56.30/oz (-2.86%) to close at 1911.70. A week earlier the loss was -103.30 (-4.99%) to $1968.00. That’s nine weeks of losses from a peak of $2299.00 in March, and the goldbugs won’t concede a thing.

How can you say you lost $157 an ounce in two weeks and not be serious? “This is real money.”

The 50-day MA is 2042.50 and the 200-day MA is 1610.80. Note that the current price is below the 50-day MA, like gold, silver and palladium.

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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$PALLADIUM lost -28.95 (-6.39% W/W) to 423.85. a week earlier the loss was -24.35/oz W/W to 452.80.

The 50-day MA is now 481.15 and the 200-day MA is 399.72. Note that the current price is now well barely above the 200-day MA, and there was a low of just 403.00 this week!

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 lost -9.05 (-2.31%) on the contracts to 382.15.

A week ago, I said “the price is stagnating. Only Friday’s move of +0.93% made a gain on the week”. This week, Friday had a loss of -2.34%, which was the whole loss on the week.

The 50-day MA for $COPPER is now 385.04 (the current price is now lower) and the 200-day MA is 346.98. I think the 50d MA is a battleground for traders.

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
AEM	62.53	1.48	2.42%	0.29%	-13.36%	-10.02%	10.63%	0.66%	8.94%	75.25%
EGO	6.600	-0.170	-2.51%	-0.15%	-11.17%	-7.82%	6.45%	2.80%	0.30%	13.79%
NEM	44.51	1.28	2.96%	-0.49%	-3.80%	-4.93%	-15.04%	-16.38%	-13.76%	6.56%
LIHR	28.17	0.28	1.00%	-0.67%	-5.91%	-13.14%	-15.07%	-13.88%	-29.70%	14.98%
GG	35.89	0.78	2.22%	-1.91%	-13.64%	-11.36%	-2.05%	-2.34%	0.48%	45.36%
KGC	19.00	0.38	2.04%	-2.36%	-20.24%	-18.66%	-5.71%	-13.48%	-6.82%	38.69%
HMY	11.53	0.07	0.61%	-3.03%	-3.84%	-0.95%	7.26%	18.01%	3.13%	-28.39%
AUY	12.89	-0.01	-0.08%	-3.73%	-11.04%	-13.66%	-7.07%	-18.88%	-13.95%	-7.33%
BVN	60.46	0.48	0.80%	-4.94%	-14.57%	-13.79%	-0.69%	-7.79%	4.67%	78.98%
ABX	37.56	0.20	0.54%	-5.32%	-14.17%	-13.97%	-18.38%	-26.21%	-17.67%	26.98%
GFI	13.11	0.01	0.08%	-5.41%	-8.45%	-4.38%	-14.87%	-6.89%	-26.18%	-28.44%
AU	33.85	0.42	1.26%	-5.92%	-8.91%	-4.32%	-26.19%	-16.91%	-21.17%	-25.31%

This week, the $XAU lost -7.01 (-3.98%) to close at 169.05. A week earlier the loss was -12.45 (-6.60% W/W), despite that Friday’s gain of +2.00%. And this Friday, the gain was +1.66%. Seems like a pattern.

The 50d MA for $XAU is 186.34, and the 200d MA is 172.51. Note that the current price is now below the important 200-day MA.

A week ago, I opined: “But, aha, look at the other goldminer indexes (AMEX and Toronto). In both cases, the losses (-9.07% and -8.31% W/W) have broken down below the 200day MA, and if you check the chart you will see the current index level is underwater since back in December 2007. Or maybe you’d like to close your eyes and blame JP Morgan. I don’t know about you, but when important indexes drop in a single week 7, 8, and 9%, I would not be happy being long. I wouldn’t be asking mining promoters or GATA members for the answer.” So this week, the loss was just -4%. Imagine; the goldbugs are screaming conspiracy.

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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 $USD gained +1.00% to 73.53 this week. I have been saying that for weeks now. Don’t stand in front of the US Dollar train. If Prof Bernanke needs it there, he’ll put it there. But next week, we have to wait til Thursday morning to see what his European colleagues think.

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) lost -1.19% W/W to close at 1.5432. Just like last week. Falling, falling, falling.

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 was soft (-0.66% W/W), closing at 1.9722.

The 50-day MA and 200-day MA are at 198.92 and 201.08 respectively.

Weekly British Pound Index:

Daily British Pound Index:

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Weekly Japanese Yen Index:

The Japanese Yen ($XJY) lost -0.88% W/W to 94.91. The week was flat until Friday’s loss of -0.83%.

The Japanese economy has hit the wall. Americans have no Yen to buy stuff other than the rich buying Lexus maybe.

The Yen’s 50-day MA is 97.65 and the 200-day MA is 90.81.

Daily Japanese Yen Index:

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The Loonie (Cdn Dollar) lost -0.47% this week to close Friday at 98.11.

The 50-day MA and 200-day MA is at 99.44 and 99.27 respectively, which means the current price (98.11) is below both.

Weekly Canadian Dollar Index:

Daily Canadian Dollar Index:

I ought to be tracking the China Yuan here (CNY). Maybe I’ll get a chance.

http://stockcharts.com/charts/gallery.html?cny

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International Equity Markets Review

International equities were rocking and rolling this week. Apparently they liked Prof. Bernanke’s giveaway plan.

A week ago I opined, “Traders seem to be waiting to see what central banks are ready to do in terms of more rate-cutting.”

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I added 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.

I also made some additions to the country-based ETF tables as I intend to focus more on ETF’s in 2008. In time, I will also set up tables and track the domestic market prices.

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	93.40	1.49	1.62%	6.57%	6.41%	11.59%	15.38%	19.82%	12.39%	74.29%
IFN	52.00	0.70	1.36%	4.23%	5.54%	12.46%	-15.99%	-3.92%	-17.92%	27.42%
EWH	20.04	0.24	1.21%	3.14%	6.99%	6.43%	-8.03%	-0.30%	-12.64%	19.78%
EWJ	13.37	-0.03	-0.22%	2.06%	2.06%	4.62%	1.06%	4.05%	-5.51%	-6.89%
EWS	13.95	0.20	1.45%	2.05%	2.12%	4.34%	3.41%	13.05%	-8.10%	6.41%
EWA	28.43	0.47	1.68%	1.79%	3.87%	3.04%	-1.22%	0.00%	-15.74%	2.78%
TRF	59.59	0.53	0.90%	1.67%	-3.18%	2.37%	-18.91%	-5.07%	-18.18%	-15.22%
EWC	32.91	0.55	1.70%	0.80%	-0.72%	4.08%	1.57%	6.44%	-8.35%	17.70%
EWU	23.18	0.18	0.78%	0.70%	0.70%	2.34%	-2.93%	3.21%	-13.60%	-7.17%
EWQ	36.75	-0.04	-0.11%	0.25%	0.27%	1.83%	-3.14%	6.18%	-6.63%	-3.47%
EWG	32.93	-0.22	-0.66%	0.21%	0.52%	1.92%	-6.95%	4.71%	-8.53%	4.37%

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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

Last week I wrote in this space, “The long-term (Monthly data series) charts of the US equity markets are showing rising technical indicators for RSI, but I am not sucked in, as you know. A couple weeks ago (when I did the last WIR), I said, “Sometimes, you just have to follow your nose.”.. Well, take a look at the Weekly and Daily Stochastics. They are at a peak. It will be hard for the Bulls to sustain a rally here unless the Fed drops rates on Tuesday by more than 25 basis points, and Larry Kudlow changes his spin from “the Fed needs to cut!” to “the Fed needs to raise!”.. It’s all nonsense folks, which is why I refer to clown suits.”

Well, a -25 basis point cut plus some incredibly busy fax machines at the Fed – “We’re not cutting anymore or else our noses will grow” – seemed to be enough to make everybody happy. What happens next?

At the end of the week, the DJIA, S&P 500, NASDAQ Composite and Russell 2000 small cap indexes were up +1.21%, +1.15%, +2.23% and +0.53% respectively. The NASDAQ and the Russell small caps were very weak on Friday though.

On Friday, the Oils were flying, which could mean future rate hikes, which would pull down Techs and small caps, I think.

Twenty-three Dow stocks gained, mostly because of the pump, pump, pump that started a week ago Friday.

You know I wrote in this space a week ago: “How much water is left in the well? I guess you’ll have to ask Bernanke, the man who will be telling us one thing on Tuesday and probably doing something quite different.” Well, on Wed afternoon, he opined that the rate cut needed to be only -25bp and may need to rise in future because the economy seems to have stabilized, and then – bingo – early Friday morning (to ensure another hot close to the week) – he pumps in mega billions.

Man, this is incredible. These banks must be having a Bernanke love-in.

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	23.20	0.01	0.04%	8.51%	15.25%	12.73%	-4.96%	-19.94%	-37.28%	-28.48%
VZ	39.59	0.27	0.69%	6.88%	9.88%	6.03%	-8.38%	2.17%	-10.79%	-0.03%
AXP	50.40	-0.93	-1.81%	5.51%	10.70%	9.30%	-1.25%	1.61%	-13.73%	-19.67%
INTC	23.58	0.29	1.25%	4.52%	4.57%	7.82%	-6.98%	8.31%	-12.01%	7.52%
T	40.13	0.19	0.48%	4.02%	6.98%	4.29%	-2.12%	4.83%	-0.72%	3.75%
BAC	39.79	0.40	1.02%	3.89%	3.19%	0.96%	-1.90%	-11.64%	-11.79%	-22.00%
DIS	33.49	0.19	0.57%	3.49%	6.89%	7.20%	5.18%	9.23%	-1.27%	-6.19%
UTX	75.10	0.60	0.81%	3.33%	3.57%	4.70%	-0.15%	1.32%	-0.73%	9.80%
AIG	49.04	0.89	1.85%	3.18%	1.68%	3.68%	-12.90%	-12.00%	-17.05%	-30.36%
CVX	95.32	0.38	0.40%	2.84%	2.30%	8.26%	1.99%	15.55%	7.73%	21.21%
MCD	60.95	0.03	0.05%	2.15%	4.55%	9.39%	4.91%	12.41%	3.27%	21.85%
HPQ	48.36	0.33	0.69%	1.92%	0.37%	4.22%	-2.91%	8.87%	-7.71%	12.65%
JPM	48.66	-0.59	-1.20%	1.82%	6.34%	6.78%	15.39%	0.85%	12.77%	-7.40%
JNJ	68.26	0.45	0.66%	1.41%	2.63%	3.85%	3.57%	7.73%	5.37%	5.86%
HD	30.12	0.25	0.84%	1.14%	5.02%	4.62%	15.36%	-1.08%	-0.92%	-22.27%
AA	36.11	1.39	4.00%	1.09%	-0.41%	-7.41%	-0.06%	5.34%	-6.35%	3.53%
BA	85.69	0.28	0.33%	1.00%	8.94%	13.27%	-1.07%	3.54%	-12.35%	-8.68%
MMM	78.55	0.71	0.91%	0.94%	-5.25%	-2.45%	-5.03%	-3.28%	-7.47%	-6.95%
PFE	20.61	0.17	0.83%	0.88%	0.68%	-3.47%	-10.04%	-12.63%	-12.93%	-22.52%
CAT	82.80	0.45	0.55%	0.67%	-2.91%	6.39%	17.23%	15.38%	10.75%	12.81%
PG	66.80	-0.23	-0.34%	0.38%	-0.55%	-5.38%	-7.62%	1.14%	-3.95%	7.10%
IBM	123.18	-0.43	-0.35%	0.08%	-0.98%	6.41%	17.66%	12.93%	7.50%	20.50%
GE	33.34	0.22	0.66%	0.03%	1.99%	-11.24%	-9.30%	-7.80%	-17.33%	-10.64%
DD	49.86	0.92	1.88%	-0.04%	-4.15%	0.73%	13.99%	8.51%	3.96%	-1.35%
WMT	57.50	-0.57	-0.98%	-0.26%	2.11%	5.70%	22.60%	12.35%	30.12%	19.10%
C	26.39	0.40	1.54%	-0.79%	5.10%	9.59%	-8.75%	-11.11%	-30.06%	-51.40%
KO	58.77	-0.32	-0.54%	-0.94%	-2.23%	-2.46%	-3.80%	-0.83%	-2.88%	11.50%
MSFT	29.24	-0.16	-0.54%	-1.98%	-2.53%	0.27%	-16.98%	-3.97%	-21.10%	-4.48%
XOM	89.61	-0.09	-0.10%	-3.08%	-4.67%	0.98%	-4.17%	4.26%	1.91%	12.27%
MRK	39.37	0.42	1.08%	-3.32%	-0.98%	-1.58%	-31.38%	-14.38%	-29.75%	-23.15%

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) (list two) (list three)

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Value Line Report(s) this past Friday

This week, Value Line reported on one Dow 30 company: Coca Cola [GICS 30, Dow 30]

(KO: Value Line Report May 2: next one is due Aug. 1)

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I won’t say a bad thing about Coke. I’ve been drinking it since it was 6 cents a bottle.

Same stuff – just 25 times more expensive.

Value Line loves the stock, rating it #1 for Timeliness and Safety, and a raise this month to #2 for Technical. Pretty close to a three one’s up. But then they conclude, “However, appreciation potential is limited for the 3- to 5-year time frame, as we believe the good news we expect is already priced into the stock.”

Isn’t that like saying the stock is a SELL?

The M-W-D RSI-7 at $58.77 on Friday is at 59.2/39.7/31.6, which is grinding it’s way lower. But the near-term actually doesn’t look bad.

I don’t know why though because Coke is a company where 77% of its profits come from outside North America, so it benefits when the $USD drops and if you have checked lately the Dollar has been lifting.

I like the company for its stability because it’s a diversified cash cow, but you have to be careful when you buy it or you won’t be helping your portfolio much.

Warren Buffett also likes it, owning some 8.6% of the stock. So, tell me, if the company has been growing its revenues by just +3.5% per year over the past 10 years, and earnings by +6.5%, how can Warren use this investment to get his annual +26% Y/Y gain?

Also, tell me how Value Line can forecast earnings growth by just +8.5% through 2011-13 when they project per share earnings of $2.57 to grow +26.5% (to $3.25) in two years through 2009.

In the past two years the assets have increased by +20% while the liabilities have grown +50%. But the financial strength is still rated A++, which I agree with. I’m just curious why the company’s financials are weakening when earnings and cash flow have been healthy and the capex growth is nothing to write home about?

As to Coke Zero, I haven’t had one. I don’t know why they’d name a product “Zero” though. Sounds like a nothing product.

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The Dow 30 Company links in chronological order of next reports

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 Feb 8: next one is due May 9)

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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 Feb. 15: next one is due May 16)

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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 Feb. 15: next one is due May 16)

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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 Feb 22: next one is due May 23)

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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 Feb 22: next one is due May 23)

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Bank of America [GICS 40, Dow 30]
(BAC: Yahoo Finance file)
(BAC: StockChart chart)
(BAC: Billcara2 chart)
(BAC: ADVFN Financial Data)
(BAC: Value Line Report Feb. 22: next one is due May 23)

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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 Feb 22: next one is due May 23)

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

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

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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 Feb. 29: next one is due May 30)

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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 Feb. 29: next one is due May 30)

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McDonalds [GICS 30, Dow 30]
(MCD: Yahoo Finance file)
(MCD: StockChart chart)
(MCD: Billcara2 chart)
(MCD: ADVFN Financial Data)
(MCD: Value Line Report Mar. 7: next one is due Jun. 6)

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Chevron Corp [GICS 10, Dow 30]
(CVX: Yahoo Finance file)
(CVX: StockChart chart)
(CVX: Billcara2 chart)
(CVX: ADVFN Financial Data)
(CVX: Value Line Report Mar. 14: next one is due Jun. 13)

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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 Mar. 14: next one is due Jun. 13)

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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 Mar. 21: next one is due Jun. 20)

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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 Mar. 28: next one is due Jun. 27)

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Verizon [GICS 50, Dow 30]
(VZ: Yahoo Finance file)
(VZ: StockChart chart)
(VZ: Billcara2 chart)
(VZ: ADVFN Financial Data)
(VZ: Value Line Report Mar. 28: next one is due Jun. 27)

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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)

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

---

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

---

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

---

Alcoa [GICS 15, Dow 30]
(AA: Yahoo Finance file)
(AA: StockChart chart)
(AA: Billcara2 chart)
(AA: ADVFN Financial Data)
(AA: Value Line Report Apr. 18: next one is due Jul. 18)

---

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

---

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

---

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

---

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 Apr. 25: next one is due Jul. 25)

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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 Apr. 25: next one is due Jul. 25)

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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 May 2: next one is due Aug. 1)

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Wrap up:

Last week in this space, I admitted that pressures have been building as time and money is wasting while I cannot seem to push forward on a couple fronts that are important to setting up a business. This week there was definite improvement. Today I am traveling and tomorrow ought to be another good day in moving things along.

My company is getting much closer now to being able to offer advisory services to retail persons (ie, any owner of capital, large or small) who own accounts with a locally registered broker or bank that has entered into a tri partite (three-party) agreement with Cara Trading Advisors.

We’ll announce it when we can. It may be of interest to people in many countries. The bottom line is that (i) you own the account (ii) your broker is the administrator (iii) I help you avoid risk and make profits.

For many reasons, not the least of which is my regard for the regulatory system of the many countries where members of the Cara Community reside – well over 100 countries -- I will keep the new Cara Trading Advisory website separate from the Cara Community website/free blog. As we convert our systems to new servers, there may be a small overlap, but this will be remedied in May.

Soon, the right sidebar will have a link to a Confidential Client Profile and Risk Tolerance Questionnaire. Any of you who wish to use it as a basis of personal and confidential discussions with me; I’ll read it and call you anywhere in the world, without obligation, on my dime as they say.

As to this WIR, I rushed it and didn’t edit most of it. I am off now for a day or more.

Have a good day.

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