Basic materials (XLB) and consumer discretionary (XLY) sectors led the way north with gains of +2.49%. By the end of the session, the DJIA (+165.77 +1.37% to 12307.35), S&P 500 (+20.16 +1.50% to 1360.03) and NASDAQ Composite (+50.15 +2.09% to 2454.5) all closed quite strong.

The US Dollar, which has been firming up all week, strengthened substantially after Ireland voted against the European Union's Lisbon Treaty. Subsequently, the price of Crude Oil ($WTIC) dropped -$1.91/bbl to 135.47. $GOLD managed to stay up though (+$1.10/oz) to 873.10.

The 30-year US Treasury Bond ($USB) continued to fall, from $115.11 a week ago to $112.55 at the close Friday, down -0.35% on the day.

The yield on the 10-year Treasury is now up to 4.261 while the T-Bill yield dropped a bit to 1.93.

Consumer Staples were quiet Friday (+0.07%) as most traders were chasing the high beta stocks in the Basic Materials and Consumer Discretionary sectors. But this was a day where the Broker-Dealers ($XBD +5.12%) and Airline ($XAL +4.25%) industries energized the market. Surprisingly, the major banks did not as $BKX gained just +0.15% on the day.

Cara 100 winners were NTES +9.2%, GS +6.9%, UBS +6.8% and IBKR +5.4%. Losers were KO -3.0% and VCP -2.4%.

At the end of the week, the $USD futures closed at 74.05, with the Euro futures at 1.5350. Precious metal spot prices for gold, palladium, platinum and silver were: 870.20, 448, 2027, and 16.53.

Crude oil futures closed at 135.07 for West Texas Intermediate and 134.25 for European Brent..

The equity futures closed at 12300 for the DJIA.

The All Ordinaries equities index of Australia closed the week at 5802.8, down about -100 points on the week. Hong Kong closed at 22592.3, down a lot from 24402.2, while Japan’s Nikkei also dropped from 14489.4 to 13973.73.

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Comments & Outlook

The Airlines ($XAL) look good to me on a value basis as I feel that oil prices are coming down. But that’s only for a short-term trade. The industry is in need of another round of reorganization and consolidation. But mostly the high fuel costs will mean that more fuel efficient planes are needed, which takes years to develop.

As for the Broker-Dealers ($XBD), I believe that trading volumes and corporate finance fees will decline over the summer months, and then the broad equity market will take its next tumble in September. So, I cannot buy into the notion that their problems are over. Why the group rallied +5.12% on Friday is beyond me. Bull trap maybe?

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Links & Charts

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International Economics Review

US Economic Calendar.

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Knobias Cara100 Tables

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Cara 100 Daily RSI-7 Charts

At least one RSI value >70:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
ECA	91.06	89.50	66.48	51.77
ATVI	34.37	87.64	84.17	61.59	Sell alert (trig. 4 days ago [on 2008-06-10 at $33.80, +1.69% chg], after a 1 day DZ)
GGB	48.58	87.16	77.18	45.71
PBR	67.94	83.50	62.93	49.11
SU	63.93	83.17	57.72	35.64
SYT	60.75	82.62	54.15	40.21	Sell alert (trig. 6 days ago [on 2008-06-06 at $63.52, -4.36% chg], after a 1 day DZ)
PDA	58.76	80.12	57.86	46.31
RIMM	132.96	78.91	59.77	47.86
WMT	59.18	78.36	77.32	58.44	Sell alert (trig. 6 days ago [on 2008-06-06 at $58.37, +1.39% chg], after a 1 day DZ)
EXC	89.75	77.39	67.00	61.03
TT	46.49	76.65	65.62	56.92
NKE	68.99	74.94	62.56	59.43
STO	37.31	73.26	58.94	43.41
IMO	56.77	72.73	50.05	37.97
TS	62.57	72.56	75.86	53.16	Sell alert (trig. 4 days ago [on 2008-06-10 at $63.23, -1.04% chg], after a 3 day DZ)
CVX	99.40	71.26	69.34	51.43
QCOM	49.99	71.10	76.50	65.82
DELL	24.42	55.46	81.04	73.46
OXPS	24.13	48.14	61.42	71.20

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
ERJ	31.55	20.69	21.09	13.52	Accumulation Zone (for 9 days)
GE	29.15	24.14	20.34	26.32	Accumulation Zone (for 2 days)
BC	13.15	24.38	25.59	33.54	Buy alert (trig. 2 days ago [on 2008-06-12 at $13.08, +0.54% chg], after a 1 day AZ)
UBS	24.67	24.58	26.22	50.89	Buy alert (trig. 2 days ago [on 2008-06-12 at $23.09, +6.84% chg], after a 1 day AZ)
GOL	12.50	28.00	27.98	24.63	Accumulation Zone (for 4 days)
WFMI	27.16	28.60	28.22	34.68	Buy alert (trig. 1 days ago [on 2008-06-13 at $27.16, +0.00% chg], after a 2 day AZ)
BMY	20.12	28.83	29.32	31.72	Buy alert (trig. 1 days ago [on 2008-06-13 at $20.12, +0.00% chg], after a 3 day AZ)
BDK	60.27	28.98	27.29	37.10	Buy alert (trig. 2 days ago [on 2008-06-12 at $59.68, +0.99% chg], after a 1 day AZ)
DB	96.35	30.13	19.52	25.00	Buy alert (trig. 1 days ago [on 2008-06-13 at $96.35, +0.00% chg], after a 3 day AZ)
SNDK	24.02	33.84	34.77	23.70
GFI	11.13	33.85	24.50	15.66
NOK	26.08	36.40	29.98	35.86
DEO	76.27	38.34	25.14	40.48
YHOO	23.47	38.89	25.40	15.00
TGP	28.26	39.44	42.54	28.59
HDB	84.64	41.07	27.44	35.42
CHA	58.16	45.39	31.11	26.07
HBC	80.44	48.13	39.31	25.59
CHL	68.54	48.27	27.57	29.59
TOT	80.44	57.71	47.00	29.58
RIO	34.57	58.88	37.74	23.32
ABB	29.94	64.75	49.89	29.35

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International Equity Markets Review

Europe

Here is the latest session data for the bourses of Europe.

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Here is the latest session data for the London stock exchange FTSE.

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Here is the latest session data for the German DAX.

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

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

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

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Asia-Pacific

Here is the latest session data for the Asia-Pacific stock exchanges.

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Here is the latest chart for the Japanese Nikkei 225 index.

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Here is the latest chart for the Singapore index .

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Here is the latest chart for the Shanghai Composite index .

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

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

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

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US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

Table 14: Dow 30 List

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
MSFT	29.07	0.83	2.94%	5.75%	2.65%	-4.53%	-17.46%	1.57%	-17.46%	-4.34%
MCD	59.95	0.61	1.03%	5.27%	1.06%	-1.50%	3.18%	9.22%	-2.54%	14.87%
DIS	33.93	0.69	2.08%	2.79%	0.98%	-3.03%	6.56%	8.30%	3.57%	1.59%
BA	75.12	1.00	1.35%	2.68%	-9.24%	-12.19%	-13.28%	1.27%	-15.17%	-23.71%
UTX	68.56	0.64	0.94%	2.31%	-3.49%	-7.71%	-8.84%	0.07%	-11.66%	-3.07%
C	20.48	0.59	2.97%	2.09%	-6.44%	-13.70%	-29.18%	-2.80%	-33.96%	-61.85%
DD	47.20	0.89	1.92%	1.90%	-1.48%	-4.68%	7.91%	-0.23%	2.12%	-7.31%
CAT	81.50	1.00	1.24%	1.89%	-1.38%	-2.40%	15.39%	7.70%	9.81%	1.96%
XOM	88.36	1.30	1.49%	1.81%	-0.45%	-3.22%	-5.51%	1.50%	-4.70%	6.01%
MMM	76.12	0.57	0.75%	1.68%	-1.86%	-2.23%	-7.97%	-3.74%	-12.43%	-12.70%
PG	66.45	-0.01	-0.02%	1.65%	0.61%	0.14%	-8.10%	-1.35%	-10.69%	6.54%
GM	16.45	0.69	4.38%	1.42%	-3.80%	-21.03%	-32.61%	-19.01%	-38.96%	-48.75%
WMT	59.18	0.07	0.12%	1.39%	2.49%	3.61%	26.18%	16.96%	22.45%	19.56%
HD	27.53	1.05	3.97%	1.29%	0.62%	-6.77%	5.44%	3.97%	-0.40%	-27.03%
IBM	126.15	2.30	1.86%	0.97%	-2.53%	-1.80%	20.50%	8.83%	16.61%	22.33%
JNJ	66.27	0.58	0.88%	0.78%	-0.70%	-0.61%	0.55%	5.51%	-2.36%	6.58%
AIG	34.18	0.50	1.48%	0.74%	-5.79%	-13.62%	-39.29%	-19.54%	-40.09%	-52.86%
AA	39.46	1.72	4.56%	0.61%	-2.78%	-7.67%	9.22%	2.57%	8.62%	-2.52%
PFE	17.99	0.26	1.47%	0.17%	-7.08%	-10.41%	-21.48%	-15.18%	-23.90%	-31.73%
AXP	44.66	1.24	2.86%	0.02%	-3.65%	-10.43%	-12.50%	4.59%	-17.05%	-29.28%
CVX	99.40	1.34	1.37%	-0.10%	0.25%	0.92%	6.36%	14.20%	6.79%	22.49%
HPQ	47.45	0.48	1.02%	-0.38%	0.83%	1.54%	-4.74%	0.91%	-9.39%	4.29%
KO	55.42	-1.72	-3.01%	-0.68%	-3.21%	-2.79%	-9.28%	-5.96%	-13.53%	7.90%
INTC	22.66	0.61	2.77%	-1.05%	-2.24%	-9.25%	-10.61%	6.48%	-16.57%	-0.04%
JPM	39.58	1.57	4.13%	-1.27%	-7.95%	-15.82%	-6.14%	3.86%	-13.51%	-21.30%
VZ	37.33	0.70	1.91%	-2.35%	-2.96%	-4.04%	-13.61%	7.67%	-17.08%	-12.98%
BAC	29.78	0.34	1.15%	-2.36%	-12.44%	-18.88%	-26.58%	-19.82%	-30.82%	-40.87%
GE	29.15	0.10	0.34%	-2.90%	-5.11%	-9.95%	-20.70%	-14.89%	-22.43%	-22.56%
T	36.68	0.29	0.80%	-4.00%	-8.07%	-7.98%	-10.54%	3.32%	-12.25%	-8.25%
MRK	35.53	0.13	0.37%	-5.23%	-8.80%	-11.18%	-38.07%	-15.26%	-40.58%	-29.88%

You can do this table yourself by entering the following string into the Summaries window at www.billcara2.com and then clicking on the link for Performance.

AA AIG AXP BA C CAT DD DIS GE GM HD HON HPQ IBM INTC JNJ JPM KO MCD MMM MO MRK MSFT PFE PG T UTX VZ WMT XOM

Here are the links to interactive Dow charts from Billcara2.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)

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The Americas

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

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

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

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Sector ETF Summary for the US equity market

The tables I show in this section are for ten (GICS) Sector Index Funds (ETF's) only, but they cover the full spectrum of the US equity market.

Table 1: Cara ETF List

Sorted by 1-Week Price Performance

Symbol	Close	1Day<