The DJIA (-220.40 -1.83% to 11842.69), S&P 500 (-24.90 -1.85% to 1397.93), and NASDAQ Composite (-55.97 -2.27% to 2406.09) plunged for the third day in the past four. The major indexes are now at or close to 3-month lows.

The run-up in oil prices again Friday, stopped the Automakers ($DJUSAU -7.2%) and grounded the airlines (UAUA -11.7%, NWA -11.4%, and DAL -11.0%) with $XAL also falling -7.2%. Since the beginning of February, the US airline stocks have been crushed.

Ford Motor dropped -8.1% to $5.81 on news the company will cut Q3 and Q4 production by -25% and -14%, respectively. The US economy is in such bad shape that the automakers are unable to sell cars and trucks.

Financials were hurt after Moody's cut credit ratings of MBIA (MBI) and Ambak (ABK).

There was a safe-haven response to the falling equity prices as the 30-year US Treasury Bond ($USB) gained a bit (+0.18%) to 113.45. The T-Bill yield is now down to 1.800, which is a big drop in a few weeks as traders are becoming more concerned with central bankers and credit ratings agencies making ominous statements about the Financials.

Credit worries, oil prices and the tapped-out consumer are hitting the equity market from all sides. Equity in companies and in their stocks is in fact being quickly destroyed.

The US Dollar responded to the renewed speculation in oil prices. The $USD (-0.59% to 73.05) fell again against the Euro (+0.64% to 1.5604) and Yen (+0.70% to 93.25).

$GOLD, however, remained largely unchanged (-$0.50/oz to 903.70), but did have a bullish week after opening about $875 on Monday.

There were no winning industries of note on this sell-off day. There were plenty of losers other than those already noted. Retailers ($RLX -3.3%) were especially hard hit, as were the Papers (-3.3%).

Of the Cara 100 extreme performers, there were 8 winners, with goldminers GFI (+2.5%), GG (+1.3%) and ABX (+0.9%) ending with a small gain. Brazil’s aircraft maker ERJ recovered a bit (+2.2%). The key losers were SNDK (-9.7%) after a ratings downgrade, plus GGB -6.0%, IBN -5.7%, GOL -5.3%, UBS -5.1% and PTR -5.0%, all losing more than -5% on the day.

The DJIA futures closed the week at 12030, but the index is testing 12750, which technical analysts are saying is another crucial area of anticipated support.

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Comments & Outlook

I’ll try to get the Week In Review completed by mid-day Sunday. The operative word is “try”.

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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
ATVI	35.85	89.91	87.47	57.81	Sell alert (trig. 1 days ago [on 2008-06-20 at $35.85, +0.00% chg], after a 1 day DZ)
RIMM	144.56	83.93	69.57	65.18	Sell alert (trig. 1 days ago [on 2008-06-20 at $144.56, +0.00% chg], after a 2 day DZ)
SYT	64.58	82.10	66.02	56.87	Sell alert (trig. 2 days ago [on 2008-06-19 at $65.11, -0.81% chg], after a 1 day DZ)
TS	67.83	78.30	83.09	74.22	Distribution Zone (for 2 days)
WMT	56.26	77.43	51.74	28.72
TT	46.49	76.65	65.62	56.92
PDA	57.34	74.64	53.69	37.37
ECA	89.19	74.03	60.57	40.38
COST	68.73	72.85	46.44	39.96
EXC	89.57	71.09	66.22	55.18
NUE	75.56	70.21	54.95	45.09

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
BC	11.87	18.54	19.69	23.81	Accumulation Zone (for 1 days)
SBUX	17.23	19.24	46.11	37.05
UBS	21.90	19.43	20.74	27.71	Accumulation Zone (for 1 days)
WFMI	26.32	20.41	25.70	35.42	Buy alert (trig. 2 days ago [on 2008-06-19 at $26.57, -0.94% chg], after a 1 day AZ)
GOL	12.79	22.02	30.90	39.42	Buy alert (trig. 5 days ago [on 2008-06-16 at $12.78, +0.08% chg], after a 4 day AZ)
JCP	36.88	23.29	33.89	33.64	Buy alert (trig. 2 days ago [on 2008-06-19 at $37.25, -0.99% chg], after a 1 day AZ)
BDK	58.50	24.09	23.45	35.34	Buy alert (trig. 2 days ago [on 2008-06-19 at $59.66, -1.94% chg], after a 2 day AZ)
BMY	19.57	24.38	25.95	26.14	Accumulation Zone (for 1 days)
KSS	43.39	24.50	39.69	42.70
DB	91.09	24.65	15.90	16.72	Accumulation Zone (for 3 days)
ERJ	30.50	26.28	19.47	26.67	Accumulation Zone (for 14 days)
GE	27.38	27.34	15.86	13.28	Accumulation Zone (for 7 days)
GFI	11.15	27.66	24.91	32.03	Buy alert (trig. 1 days ago [on 2008-06-20 at $11.15, +0.00% chg], after a 2 day AZ)
CCL	35.47	27.94	31.64	39.44
SNDK	21.16	29.56	27.95	17.51	Accumulation Zone (for 1 days)
WHR	66.00	31.64	27.58	39.17
IBN	33.54	31.99	27.29	32.42
HDB	79.77	34.89	24.22	25.92
TM	97.71	35.15	36.89	27.76
AET	40.95	35.69	30.46	14.64
NOK	24.29	35.72	24.26	20.30
DEO	73.20	36.45	17.82	23.92
WBK	97.10	38.10	30.92	26.57
YHOO	21.99	38.53	20.61	10.01
TGP	27.38	40.80	34.47	25.78
CSCO	24.64	41.04	39.47	28.67
PG	63.16	41.06	28.70	19.50
CHA	55.81	42.22	27.93	24.55
KO	53.66	42.48	24.97	32.12
DOW	37.58	43.74	35.01	25.47
GGB	24.22	44.02	23.68	10.66
HBC	78.97	45.05	33.89	20.00
RY	46.80	45.33	38.71	27.22
CHL	67.01	46.59	25.76	26.00
TEF	79.08	47.50	27.94	22.70
DIS	31.94	48.79	41.60	27.08
JNJ	64.06	50.72	38.30	28.00
LLTC	32.81	51.56	40.18	28.78
VCP	28.41	52.30	36.57	14.85
VIP	30.21	52.94	39.89	28.49
CEO	158.75	53.60	39.48	24.15
IMO	55.05	57.97	44.50	27.61
WMT	56.26	77.43	51.74	28.72

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International Equity Markets Review

Europe

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

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

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Here is the latest session data for the German DAX.

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

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

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

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Asia-Pacific

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

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

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Here is the latest chart for the Singapore index .

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Here is the latest chart for the Shanghai Composite index .

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

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

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

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US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

Table 14: Dow 30 List

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
BA	75.83	-1.12	-1.46%	0.95%	3.65%	-6.85%	-12.46%	1.38%	-13.03%	-21.08%
UTX	68.80	-0.02	-0.03%	0.35%	2.67%	-4.23%	-8.52%	-0.30%	-9.95%	-4.22%
MRK	35.13	-0.47	-1.32%	-1.13%	-6.30%	-9.99%	-38.77%	-18.98%	-39.99%	-28.68%
INTC	22.37	-0.48	-2.10%	-1.28%	-2.31%	-6.32%	-11.76%	2.85%	-15.30%	-6.56%
DD	46.23	-1.17	-2.47%	-2.06%	-0.19%	-4.54%	5.69%	1.72%	4.62%	-11.37%
IBM	122.74	-2.28	-1.82%	-2.70%	-1.76%	-1.57%	17.24%	3.73%	12.77%	15.79%
CVX	96.62	-0.24	-0.25%	-2.80%	-2.89%	-5.19%	3.38%	16.12%	4.96%	19.33%
MSFT	28.23	-0.70	-2.42%	-2.89%	2.69%	-0.84%	-19.85%	-3.26%	-20.52%	-5.93%
CAT	79.08	-0.40	-0.50%	-2.97%	-1.14%	-3.82%	11.96%	7.07%	10.59%	-2.83%
KO	53.66	0.30	0.56%	-3.18%	-3.84%	-7.91%	-12.16%	-12.09%	-13.84%	4.21%
JNJ	64.06	-0.56	-0.87%	-3.33%	-2.59%	-2.06%	-2.81%	-2.02%	-4.86%	3.26%
PFE	17.33	-0.44	-2.48%	-3.67%	-3.51%	-12.39%	-24.36%	-15.83%	-25.37%	-32.59%
HPQ	45.64	-0.95	-2.04%	-3.81%	-4.18%	1.65%	-8.37%	-1.85%	-10.79%	1.33%
XOM	84.91	-0.88	-1.03%	-3.90%	-2.17%	-8.22%	-9.20%	-0.11%	-7.84%	2.52%
MMM	73.02	-1.10	-1.48%	-4.07%	-2.46%	-4.72%	-11.72%	-6.36%	-13.58%	-16.15%
MCD	57.40	-1.19	-2.03%	-4.25%	0.79%	-1.93%	-1.20%	5.48%	-2.36%	11.83%
JPM	37.86	-0.79	-2.04%	-4.35%	-5.56%	-12.06%	-10.22%	-17.70%	-12.62%	-23.45%
HD	26.25	-0.93	-3.42%	-4.65%	-3.42%	-2.45%	0.54%	-6.45%	-0.08%	-34.42%
WMT	56.26	-1.43	-2.48%	-4.93%	-3.61%	0.37%	19.96%	5.69%	17.58%	15.79%
PG	63.16	-1.74	-2.68%	-4.95%	-3.38%	-3.75%	-12.65%	-8.95%	-13.70%	1.97%
VZ	35.38	-1.12	-3.07%	-5.22%	-7.45%	-5.58%	-18.12%	-2.05%	-19.26%	-16.83%
AA	37.34	-1.78	-4.55%	-5.37%	-4.79%	-8.48%	3.35%	7.67%	5.51%	-7.23%
C	19.30	-0.87	-4.31%	-5.76%	-3.79%	-11.14%	-33.26%	-14.22%	-35.43%	-63.88%
DIS	31.94	-0.95	-2.89%	-5.87%	-3.24%	-4.97%	0.31%	0.13%	-1.21%	-6.58%
GE	27.38	-0.53	-1.90%	-6.07%	-8.79%	-11.71%	-25.52%	-26.97%	-25.03%	-29.92%
AIG	32.10	-0.97	-2.93%	-6.09%	-5.39%	-15.10%	-42.98%	-28.70%	-43.43%	-55.43%
T	34.43	-0.72	-2.05%	-6.13%	-9.89%	-12.12%	-16.02%	-6.57%	-14.48%	-12.90%
AXP	41.18	-1.45	-3.40%	-7.79%	-7.77%	-11.17%	-19.32%	-10.44%	-19.30%	-33.63%
BAC	27.10	-1.04	-3.70%	-9.00%	-11.15%	-21.97%	-33.19%	-33.61%	-34.56%	-45.78%
GM	13.79	-1.00	-6.76%	-16.17%	-14.98%	-25.18%	-43.51%	-29.28%	-47.92%	-60.98%

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

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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
XLE	85.75	-0.88	-1.02%	-0.98%	-0.31%	-2.28%	7.86%	21.10%	10.65%	24.15%
XLU