The US Dollar, which has been firming up, softened by -0.69% to 73.62. The long-dated US Bond ($USB) was up +0.22% to 112.80. The T-Bill yield lifted a bit to 1.96%.

Financials (XLF +0.94%) took the lead while consumer staples held back, losing -1.07% on the day.

The leading industries were the Goldminers ($XAU +1.72%) and Semi-conductors ($SOX +1.51%).

Cara 100 winners were RIMM +6.0%, SYT +3.8%, and PDA +3.6%. Losers were KO -2.2%, VCP -2.4%, NOK -2.3% and CCL -2.1%. Unable to make the usual profits, cruise ship operator CCL hit a 52-week low of 35.96. GE also hit a low of 28.38.

The $GOLD futures closed +$13.20/oz to 886.30 on the weaker $USD (-0.69% to 73.62.
Precious metal spot prices this morning for gold, palladium, platinum and silver were: 877.10 (-6.82), 454, 2039, and 16.89 (-0.27). The $USD is gaining strength. There could be a test of 850 gold this week.

On the macro-economics front, the story these days is mostly about inflation, and what the central banks intend to do about it.

UK inflation reached +3.3% in May, which was the highest since at least 1997. Bank of England Governor Mervyn King predicts it will exceed +4% later this year, well ahead of the 2% target.

The US Producer Price Index for May also lifted, as expected. But, the Consensus had been for a growth in PPI M/M of an astounding +1.0%, and the reported number was +1.4%. So, wholesale prices jumped at the fastest pace in six months as energy and food costs rocketed higher. However, stripping out those prices, the "core" rate of inflation rose +0.2%, which was an improvement from April’s +0.4% increase.

German investor confidence is at a 15-year low.

Crude oil futures closed at 135.34 for West Texas Intermediate, down -$0.13/bbl.

The All Ordinaries equities index of Australia closed today at 5525.9, up +0.91%, and India’s Sensex 30 was also higher at 15696.9, up +1.96%, but the Nikkei 225 and Hong Kong’s Hang Seng were flat. Shanghai Composite dropped -2.76% to 2794.8.

The equity futures are pointing to a higher open.

---

Comments & Outlook

There will be a lot of talk about the Goldman Sachs report today. Goldman reported earnings this past quarter of $2.05 billion ($4.58 per share) versus $2.29 billion ($4.93/share) a year earlier. Revenue dropped -7.0% to $9.42 billion from $10.18 billion a year earlier. The Consensus forecast according to Thomson Financial was for Goldman to earn $3.42/share on revenue of $8.74 billion.

The results look good to me. But that’s not to say that Goldman can continue this way. Market conditions are tightening.

I'm not chasing these Financials.

---

Links & Charts

---

International Economics Review

US Economic Calendar.

---

Knobias Cara100 Tables

---

Cara 100 Daily RSI-7 Charts

At least one RSI value >70:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
ATVI	34.96	90.34	89.29	67.89	Sell alert (trig. 5 days ago [on 2008-06-10 at $33.80, +3.43% chg], after a 1 day DZ)
GGB	48.55	90.12	72.06	45.63
SYT	63.08	87.03	63.26	56.62	Sell alert (trig. 7 days ago [on 2008-06-06 at $63.52, -0.69% chg], after a 1 day DZ)
ECA	93.41	86.60	70.10	61.46
PDA	60.88	82.79	60.33	57.40
RIMM	140.98	82.55	68.23	66.36
WMT	59.31	82.49	75.45	59.61	Sell alert (trig. 7 days ago [on 2008-06-06 at $58.37, +1.61% chg], after a 1 day DZ)
PBR	68.52	79.78	63.54	52.44
SU	63.05	78.69	54.74	32.44
TT	46.49	76.65	65.62	56.92
STO	38.46	74.64	65.67	54.72
TS	62.55	74.23	70.31	53.13	Sell alert (trig. 5 days ago [on 2008-06-10 at $63.23, -1.08% chg], after a 3 day DZ)
QCOM	49.54	72.58	78.40	61.63
EXC	89.12	72.44	68.95	56.05
CVX	99.49	71.26	66.90	52.10
MICC	119.61	70.80	70.61	66.09
ORCL	22.94	69.22	71.98	61.17
AMAT	20.79	60.78	63.49	77.37
DELL	24.45	55.75	78.18	73.75
DNA	74.65	50.25	57.12	71.95
OXPS	24.67	50.15	64.62	76.16

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
GE	28.97	24.24	22.26	24.18	Accumulation Zone (for 3 days)
ERJ	31.11	24.47	17.31	11.99	Accumulation Zone (for 10 days)
BC	13.27	24.65	28.01	37.76	Buy alert (trig. 3 days ago [on 2008-06-12 at $13.08, +1.45% chg], after a 1 day AZ)
UBS	24.54	26.48	28.00	49.65	Buy alert (trig. 3 days ago [on 2008-06-12 at $23.09, +6.28% chg], after a 1 day AZ)
GOL	12.78	26.98	27.11	32.92	Buy alert (trig. 1 days ago [on 2008-06-16 at $12.78, +0.00% chg], after a 4 day AZ)
WFMI	27.37	29.05	30.80	38.71	Buy alert (trig. 2 days ago [on 2008-06-13 at $27.16, +0.77% chg], after a 2 day AZ)
DB	95.82	30.31	20.34	23.74	Buy alert (trig. 2 days ago [on 2008-06-13 at $96.35, -0.55% chg], after a 3 day AZ)
BMY	20.06	30.67	28.44	30.63	Buy alert (trig. 2 days ago [on 2008-06-13 at $20.12, -0.30% chg], after a 3 day AZ)
BDK	60.20	33.13	28.27	36.50	Buy alert (trig. 3 days ago [on 2008-06-12 at $59.68, +0.87% chg], after a 1 day AZ)
GFI	11.26	33.27	23.95	22.08
SNDK	24.13	34.85	35.84	25.56
WHR	68.42	35.27	27.94	44.36
NOK	25.49	36.46	25.98	28.82
TGP	28.26	39.44	42.54	28.59
YHOO	23.54	40.81	31.15	16.90
DEO	75.74	41.20	28.38	37.23
HDB	85.76	41.86	28.41	39.62
KO	54.18	44.25	27.90	29.40
CHA	58.88	45.13	27.22	31.37
CHL	68.88	48.27	29.60	32.28
RIO	34.84	58.09	39.65	27.79
VCP	30.85	58.33	44.95	26.92

---

International Equity Markets Review

Europe

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

---

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

---

Here is the latest session data for the German DAX.

---

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

---

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

---

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

---

Asia-Pacific

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

---

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

---

Here is the latest chart for the Singapore index .

---

Here is the latest chart for the Shanghai Composite index .

---

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

---

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

---

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

---

US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

Table 14: Dow 30 List

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
JPM	39.94	0.36	0.91%	6.48%	-5.24%	-14.16%	-5.29%	9.30%	-11.64%	-21.00%
C	20.83	0.35	1.71%	6.28%	-2.94%	-9.90%	-27.97%	5.31%	-32.15%	-61.41%
MSFT	28.93	-0.14	-0.48%	4.40%	4.06%	-3.53%	-17.86%	3.47%	-18.07%	-5.12%
HD	27.50	-0.03	-0.11%	3.62%	1.25%	-5.50%	5.32%	6.80%	3.27%	-27.54%
BAC	30.32	0.54	1.81%	2.40%	-9.71%	-16.17%	-25.25%	-15.05%	-28.08%	-39.46%
DD	47.13	-0.07	-0.15%	1.99%	0.19%	-5.04%	7.75%	0.32%	5.37%	-8.43%
UTX	68.88	0.32	0.47%	1.97%	-2.62%	-6.87%	-8.42%	1.73%	-10.18%	-4.35%
AIG	34.01	-0.17	-0.50%	1.55%	-5.19%	-13.55%	-39.59%	-17.41%	-38.89%	-53.12%
BA	75.02	-0.10	-0.13%	1.45%	-7.55%	-11.92%	-13.39%	-1.59%	-15.15%	-23.57%
DIS	33.65	-0.28	-0.83%	1.42%	1.05%	-3.61%	5.68%	9.32%	1.94%	-2.18%
AXP	44.68	0.02	0.04%	1.29%	-1.26%	-8.22%	-12.46%	8.95%	-14.55%	-29.94%
MCD	59.94	-0.01	-0.02%	1.06%	2.37%	-0.97%	3.17%	9.42%	-1.99%	14.89%
IBM	126.71	0.56	0.44%	0.68%	-0.51%	-0.87%	21.03%	9.96%	19.80%	20.57%
INTC	22.86	0.20	0.88%	0.44%	-1.47%	-8.56%	-9.82%	10.65%	-13.05%	-5.69%
JNJ	65.84	-0.43	-0.65%	0.32%	-1.01%	-1.26%	-0.11%	5.09%	-2.59%	4.89%
CAT	80.91	-0.59	-0.72%	0.12%	-1.72%	-3.33%	14.55%	8.18%	10.25%	-0.25%
HPQ	47.58	0.13	0.27%	-0.10%	2.88%	0.61%	-4.48%	3.61%	-8.75%	4.09%
PG	65.90	-0.55	-0.83%	-0.26%	0.83%	-1.27%	-8.86%	-1.26%	-10.83%	5.32%
WMT	59.31	0.13	0.22%	-0.44%	3.69%	3.98%	26.46%	19.05%	24.52%	20.21%
MMM	75.20	-0.92	-1.21%	-0.82%	-1.38%	-4.40%	-9.08%	-3.01%	-12.49%	-14.22%
XOM	87.99	-0.37	-0.42%	-1.21%	0.20%	-5.05%	-5.90%	2.42%	-3.50%	2.39%
PFE	17.77	-0.22	-1.22%	-1.39%	-7.35%	-11.28%	-22.44%	-13.91%	-23.07%	-32.87%
GM	16.23	-0.22	-1.34%	-1.52%	-6.94%	-21.52%	-33.51%	-15.56%	-38.80%	-53.17%
CVX	99.49	0.09	0.09%	-1.69%	0.12%	-0.89%	6.45%	16.58%	8.12%	19.62%
KO	54.18	-1.24	-2.24%	-3.01%	-4.95%	-5.06%	-11.31%	-5.82%	-15.09%	5.04%
GE	28.97	-0.18	-0.62%	-3.63%	-4.74%	-9.84%	-21.19%	-14.34%	-21.51%	-24.00%
T	36.17	-0.51	-1.39%	-3.70%	-9.35%	-9.73%	-11.78%	3.25%	-12.08%	-10.20%
VZ	36.24	-1.09	-2.92%	-4.48%	-4.28%	-6.53%	-16.13%	7.16%	-18.32%	-15.70%
MRK	35.01	-0.52	-1.46%	-5.35%	-8.28%	-12.48%	-38.98%	-14.55%	-41.23%	-30.99%
AA	39.70	0.24	0.61%	-5.86%	-2.29%	-8.00%	9.88%	3.41%	12.82%	-4.57%

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)

---

The Americas

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.

---

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

---

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 Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	<