The DJIA (-100.97 -0.81% to 12402.85), S&P 500 (-8.02 -0.58% to 1377.65) and NASDAQ Composite (-11.05 -0.44% to 2480.48) closed down on the session, but also higher than the intra-day lows, where the DJIA hit 12342.

Automakers reported very downbeat April sales data, with the other General, General Motors (GM) GM announcing a -29% decline; Chrysler a -26% decline, which put it into 5th position in North America; Ford down -16%; and even fuel-efficient car manufacturer Toyota down -4.3%. The aggregate sales result was alarming to the Bulls.

The sector leaders were Healthcare (XLV +0.66%) and Consumer Staples (XLP +0.53%), whereas Energy (XLE -2.15%) reversed track from the previous day’s leadership and led the market lower.

Airlines ($XAL +2.9%) liked the lower oil price, while Goldminers ($XAU) and Oil Services ($OSX) were down -1.9%.

The higher stocks for the Cara 100 companies were SanDisk (SNDK +5.5%), Garmin (GRMN +4.5%, which followed the prior day’s gain of +2.9%), Target (TGT +4.1% and Brunswick Corp (+3.6%).

The Cara 100 losers were China Telecom (CHA -11.4%), which reversed the previous day’s leading gain of +5.0%, PetroBrazil (PBR -4.6%) and India’s HDFC Bank (HDB -3.9%). HDB had lost -5.4% the previous day as well as the India stock market continues to sink.

On the earnings front, house-builder Toll Brothers (TOL) reverted to a Q2 loss of -$93.7 million (-$0.59 cents a share) versus earnings of +$36.7 million a year ago.

Crude Oil lost -$3.45/bbl to close at 124.31. In futures trading early today, the price is down to $123.70. Comments by Fed Head Bernanke and moves by India and Malaysia to cut fuel subsidies weakened the oil price, and firmed up the US Dollar ($USD +0.46% to 73.29).

With the stronger $USD, precious metal prices tumbled. $GOLD futures dropped -$11.50/oz to close yesterday at 885.50.

The US Treasury market firmed during the day, especially after 1:45pm ET when equities started falling quickly. At the close the long bond ($USB) closed up +0.73% to 115.89. The T-Bill yield is at 1.81 percent.

In the morning spot market, prices for precious metals are a tad lower (with prices compared in brackets to the previous day) for Gold, Palladium, Platinum and Silver: 878.52 (892.92); 426 (429); 1986 (2011); and 16.64 (16.73), respectively.

The Euro futures are trading a tad stronger early today at 1.5463, but still down from early yesterday’s 1.5580. Crude Oil futures are soft, down -0.61/bbl to 123.70. The DJIA near futures are down -38 to 12366.

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Comments & Outlook

There is a question about how far north the $USD can travel. My opinion is only as far as the Price of Gold can be knocked down.

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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
SYT	63.00	90.68	64.73	64.93
GGB	49.00	88.30	80.49	54.06	Sell alert (trig. 4 days ago [on 2008-05-29 at $49.59, -1.19% chg], after a 1 day DZ)
PBR	68.07	87.08	63.67	40.69	Sell alert (trig. 8 days ago [on 2008-05-22 at $72.02, -5.48% chg], after a 5 day DZ)
ECA	89.83	84.44	63.69	43.69	Sell alert (trig. 8 days ago [on 2008-05-22 at $94.31, -4.75% chg], after a 8 day DZ)
ATVI	33.74	82.80	89.48	72.55	Distribution Zone (for 4 days)
PDA	62.01	82.39	74.94	53.77	Sell alert (trig. 2 days ago [on 2008-06-02 at $63.80, -2.81% chg], after a 3 day DZ)
EXC	86.80	78.45	60.33	44.18	Sell alert (trig. 5 days ago [on 2008-05-28 at $88.82, -2.27% chg], after a 1 day DZ)
WMT	57.77	78.10	74.26	61.29
ABB	32.47	77.49	76.47	55.30	Sell alert (trig. 7 days ago [on 2008-05-23 at $32.76, -0.89% chg], after a 1 day DZ)
VCP	33.38	77.02	66.33	64.44
RIMM	133.51	76.20	63.71	42.19
NUE	74.45	75.79	54.44	43.66
TT	46.35	74.38	61.14	50.38
RIO	38.52	73.92	53.09	32.35
TS	60.95	73.87	75.12	63.85	Sell alert (trig. 6 days ago [on 2008-05-27 at $59.21, +2.94% chg], after a 6 day DZ)
SU	66.22	73.57	69.70	41.93	Sell alert (trig. 6 days ago [on 2008-05-27 at $68.68, -3.58% chg], after a 13 day DZ)
STO	37.38	73.33	66.10	37.58	Sell alert (trig. 6 days ago [on 2008-05-27 at $39.07, -4.33% chg], after a 7 day DZ)
CVX	97.86	71.58	65.66	38.02	Sell alert (trig. 7 days ago [on 2008-05-23 at $100.73, -2.85% chg], after a 6 day DZ)
BHP	83.33	71.39	54.59	33.94
TOT	85.12	70.15	65.57	36.78	Sell alert (trig. 6 days ago [on 2008-05-27 at $87.15, -2.33% chg], after a 6 day DZ)
QCOM	46.99	70.15	68.70	49.28	Sell alert (trig. 3 days ago [on 2008-05-30 at $48.54, -3.19% chg], after a 1 day DZ)
ORCL	22.91	64.50	73.51	68.26
ADBE	43.53	59.41	76.87	68.34
INFY	46.77	56.15	70.11	60.17
CTSH	34.87	51.63	64.70	71.69
DELL	23.47	49.82	75.12	81.21
GRMN	52.87	37.19	51.32	77.99

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
UBS	23.60	18.63	21.54	17.81	Accumulation Zone (for 6 days)
BC	14.00	22.25	29.82	31.01	Buy alert (trig. 1 days ago [on 2008-06-03 at $14.00, +0.00% chg], after a 3 day AZ)
WFMI	28.10	24.75	30.07	32.73	Buy alert (trig. 5 days ago [on 2008-05-28 at $28.69, -2.06% chg], after a 5 day AZ)
SBUX	17.75	25.98	52.59	60.04
GOL	14.33	27.34	35.65	32.48
ERJ	34.98	27.78	22.12	21.72	Accumulation Zone (for 1 days)
BDK	62.34	27.88	32.06	30.11
GFI	12.51	29.25	33.62	21.96
DB	102.77	30.50	25.20	9.52
WHR	70.75	32.07	29.17	34.76
GE	30.46	32.42	29.17	27.47
IBN	34.96	36.26	30.39	12.65
SWK	47.18	38.43	42.09	26.54
DEO	77.24	39.07	28.03	31.72
BA	78.12	39.43	39.65	23.31
GS	170.58	41.20	40.88	22.58
PAYX	33.63	41.31	37.81	26.70
ABV	66.32	42.63	29.02	11.83
HDB	90.68	42.87	33.81	22.52
WBK	103.46	43.39	38.83	28.62
CHA	63.03	46.03	38.59	20.44
DOW	39.37	46.29	47.82	25.00
CHL	72.97	50.05	37.06	24.48
XOM	85.71	51.94	41.31	20.30
TEF	84.30	56.32	40.78	27.36

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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
JNJ	66.76	0.25	0.38%	2.47%	0.20%	-1.68%	1.29%	7.28%	-1.40%	5.28%
WMT	57.77	0.57	1.00%	2.43%	2.43%	1.40%	23.18%	15.79%	20.68%	16.78%
HPQ	46.24	-0.01	-0.02%	1.18%	-1.01%	-4.23%	-7.17%	-2.86%	-8.33%	0.94%
CAT	82.42	0.09	0.11%	1.13%	-2.21%	-0.40%	16.69%	12.60%	14.38%	5.48%
GM	17.58	0.14	0.80%	0.92%	-15.76%	-21.38%	-27.98%	-24.22%	-38.55%	-42.36%
PG	65.41	0.05	0.08%	0.52%	-2.17%	-1.86%	-9.54%	-1.42%	-11.03%	3.04%
IBM	127.84	0.48	0.38%	0.41%	1.07%	4.76%	22.11%	11.91%	20.80%	19.99%
GE	30.46	0.05	0.16%	0.20%	-5.99%	-8.20%	-17.14%	-8.80%	-17.52%	-18.66%
MMM	76.23	-0.02	-0.03%	0.08%	-3.57%	-1.70%	-7.83%	-2.88%	-7.27%	-13.80%
VZ	37.36	-0.50	-1.32%	-0.05%	-4.45%	-3.96%	-13.54%	2.95%	-13.30%	-13.14%
T	38.78	-1.12	-2.81%	-0.13%	-4.27%	-2.69%	-5.41%	10.61%	1.31%	-4.32%
HD	27.09	-0.07	-0.26%	-0.70%	-6.17%	-7.76%	3.75%	0.00%	-4.91%	-30.91%
MRK	38.35	0.18	0.47%	-0.70%	-4.17%	-1.62%	-33.15%	-12.96%	-34.75%	-26.45%
DD	46.64	-0.40	-0.85%	-0.77%	-5.78%	-6.16%	6.63%	-0.09%	-0.47%	-12.17%
MCD	57.56	-0.99	-1.69%	-0.95%	-4.78%	-5.44%	-0.93%	8.28%	-3.79%	12.97%
C	21.42	-0.04	-0.19%	-1.11%	-6.83%	-16.82%	-25.93%	-7.23%	-35.21%	-60.70%
DIS	33.18	-0.12	-0.36%	-1.37%	-4.44%	-0.33%	4.21%	2.38%	0.42%	-5.85%
UTX	69.76	-0.97	-1.37%	-1.47%	-6.19%	-6.51%	-7.25%	0.52%	-6.90%	-1.44%
PFE	19.01	-0.17	-0.89%	-1.66%	-6.03%	-7.36%	-17.02%	-14.56%	-19.28%	-31.32%
AIG	36.01	0.14	0.39%	-1.67%	-7.55%	-24.01%	-36.04%	-22.87%	-36.71%	-50.43%
CVX	97.86	-1.51	-1.52%	-1.73%	-4.25%	2.34%	4.71%	12.22%	11.41%	19.01%
AA	39.60	-1.03	-2.54%	-1.93%	-11.19%	7.35%	9.60%	3.34%	11.58%	-4.49%
BAC	33.31	-0.27	-0.80%	-2.52%	-7.73%	-14.52%	-17.87%	-14.98%	-26.74%	-34.40%
JPM	41.89	-0.26	-0.62%	-2.60%	-8.91%	-12.73%	-0.66%	5.20%	-7.34%	-19.29%
INTC	22.94	-0.26	-1.12%	-2.80%	-7.80%	-1.33%	-9.51%	14.64%	-12.61%	2.59%
AXP	44.31	-0.94	-2.08%	-3.