At the end of the day, beaten down by downbeat US and European macro-economic data and a perceived crisis taking shape between the European Central Bank and the Fed, the DJIA (-108.78 -0.89% to 12160.30), S&P 500 (-9.21 -0.68% to 1350.93) and NASDAQ Composite (-17.05 -0.69% to 2457.73) were hammered.

The only strength in the US equity market yesterday was in Energy (XLE +1.66%) as the Financials (XLF -2.92%), including Insurance and REITs, plunged. In the oil complex, the Oils, Oil Services and Chemicals were all strong, but the NatGas stocks ($XNG +2.35%) were the leaders.

Crude Oil ($WTIC -0.81/bbl to 134.53) dropped for a third day in a row, but not by much.

As for Goldman Sachs, the Company beat Consensus expectations again, although they did report that Q2 earnings dropped -10% to $2.05 billion ($4.58/share).

On the economics front, inflation concerns in the US lifted with the headline PPI number being up +1.4%, well ahead of Consensus growth of +1.0%, That means the prices paid by producers rose at their quickest rate in six months, caused largely by rising energy costs. Also, the US Commerce Department reported that housing starts for May dropped -3.3% to a seasonally adjusted rate of 975,000.

The US Dollar weakened with the bad US econ data. The $USD closed the session down -0.15% to 73.51.

The long-dated US Bond ($USB) was flat on the day.

Cara 100 winners were Brazil’s GGB +5.5%, GOL +4.6% and RIO +3.8%. ATVI gained +4.9%. Losers were GRMN -5.2%, WHR -3.5% and brokers OXPS -3.7% and IBKR -3.4%.

The $GOLD futures closed up just 60 cents/oz to 886.90.

Despite a slightly positive $USD this morning, the precious metal spot prices are up a bit: 885.50, 456, 2081 and 17.05 for gold, palladium, platinum and silver, respectively.

Crude oil futures are trading up +0.515/bbl to 134.525 at this point in the morning, and the DJIA futures are down -42 to 12129.

The All Ordinaries equities index of Australia closed today at 5550.3, up +0.44%, but India’s Sensex 30 was down -1.75% to 15422.3. The Nikkei 225 (+0.73% to 14452.8) and Hong Kong’s Hang Seng (+1.16% to 23326) were strong, but the strongest on the board anywhere today was Shanghai, up +5.24% to 2941.1.

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Comments & Outlook

Technical analysts have been aware of the Bull-Bear fight for DJIA=12200. Yesterday the Bears won that battle, and today appear to be moving closer to the kill.

On the matter of the housing industry crisis in the US that has been played up so much (while I have been saying that the US media is missing the story that this industry is in crisis everywhere, and that the problem is not just sub-prime), here is an interesting read from the UK. Its like old news!

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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	36.66	90.72	93.54	79.31	Distribution Zone (for 1 days)
SYT	65.04	88.16	67.90	65.85	Sell alert (trig. 8 days ago [on 2008-06-06 at $63.52, +2.39% chg], after a 1 day DZ)
GGB	51.22	87.80	83.43	63.90
WMT	58.69	85.63	69.56	51.13	Sell alert (trig. 8 days ago [on 2008-06-06 at $58.37, +0.55% chg], after a 1 day DZ)
ECA	93.70	84.36	70.21	62.43
RIMM	142.16	83.02	72.08	68.44
PBR	69.62	78.78	64.80	58.23
PDA	60.80	78.72	63.10	56.96
TT	46.49	76.65	65.62	56.92
TS	63.11	74.11	77.72	58.05	Sell alert (trig. 6 days ago [on 2008-06-10 at $63.23, -0.19% chg], after a 3 day DZ)
SU	64.22	74.04	61.48	40.76
EXC	89.23	73.18	66.69	56.69
QCOM	48.63	72.68	74.50	53.66
CVX	100.37	72.35	71.10	57.30
NKE	68.00	71.61	59.33	51.13
STO	38.48	70.03	69.18	54.89
DELL	24.15	54.16	78.06	64.75
DNA	75.17	51.22	58.75	75.47

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
UBS	24.55	21.61	27.93	49.62	Buy alert (trig. 4 days ago [on 2008-06-12 at $23.09, +6.32% chg], after a 1 day AZ)
BC	12.92	22.04	24.10	30.58	Buy alert (trig. 4 days ago [on 2008-06-12 at $13.08, -1.22% chg], after a 1 day AZ)
ERJ	30.72	22.05	15.08	10.74	Accumulation Zone (for 11 days)
SBUX	18.12	22.87	56.73	57.12
WFMI	26.88	23.84	27.26	33.53	Buy alert (trig. 3 days ago [on 2008-06-13 at $27.16, -1.03% chg], after a 2 day AZ)
BDK	59.00	26.60	25.23	28.88	Accumulation Zone (for 1 days)
BMY	20.03	26.76	28.89	30.22	Buy alert (trig. 3 days ago [on 2008-06-13 at $20.12, -0.45% chg], after a 3 day AZ)
DB	96.67	26.95	22.04	30.19	Buy alert (trig. 3 days ago [on 2008-06-13 at $96.35, +0.33% chg], after a 3 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)
GE	28.86	27.52	21.98	22.74	Accumulation Zone (for 4 days)
WHR	66.03	32.17	21.99	33.45
CCL	35.51	33.13	28.46	31.04
GFI	11.16	33.16	24.67	20.60
SNDK	23.71	34.01	33.79	23.26
NOK	25.72	36.96	25.73	34.76
DEO	75.19	37.04	23.04	34.02
AET	43.67	38.34	38.88	29.12
YHOO	23.25	38.57	33.70	15.47
KO	53.96	42.61	32.22	28.22
CHA	58.17	44.12	30.68	29.07
LLTC	33.68	53.49	47.70	29.54
VCP	30.95	59.30	45.35	28.87

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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	28.80	-0.13	-0.45%	3.26%	5.46%	-2.24%	-18.23%	1.77%	-16.25%	-5.54%
DD	47.15	0.02	0.04%	3.13%	1.09%	-4.75%	7.80%	2.88%	8.04%	-8.39%
UTX	68.41	-0.47	-0.68%	1.98%	-1.94%	-8.00%	-9.04%	1.26%	-8.84%	-5.00%
JPM	39.04	-0.90	-2.25%	1.96%	-6.80%	-15.11%	-7.42%	-3.15%	-12.33%	-22.78%
CVX	100.37	0.88	0.88%	1.61%	2.56%	-1.79%	7.39%	19.22%	11.55%	20.68%
C	20.46	-0.37	-1.78%	0.99%	-4.48%	-11.00%	-29.25%	9.88%	-33.51%	-62.10%
BA	74.38	-0.64	-0.85%	0.96%	-4.79%	-14.57%	-14.13%	-1.47%	-14.90%	-24.22%
XOM	88.62	0.63	0.72%	0.83%	3.40%	-6.08%	-5.23%	3.30%	-1.41%	3.12%
CAT	80.69	-0.22	-0.27%	0.74%	-2.10%	-4.26%	14.24%	8.37%	13.39%	-0.52%
HD	26.87	-0.63	-2.29%	0.60%	-0.81%	-6.93%	2.91%	4.55%	3.59%	-29.20%
JNJ	65.59	-0.25	-0.38%	-0.05%	-1.75%	-1.56%	-0.49%	2.42%	-2.90%	4.49%
INTC	22.58	-0.28	-1.22%	-0.44%	-1.57%	-9.24%	-10.93%	8.30%	-12.21%	-6.85%
HPQ	47.34	-0.24	-0.50%	-0.48%	2.38%	1.35%	-4.96%	1.98%	-7.05%	3.57%
IBM	125.10	-1.61	-1.27%	-0.67%	-2.14%	-1.10%	19.50%	8.26%	19.68%	19.04%
MCD	59.21	-0.73	-1.22%	-0.94%	2.87%	-2.05%	1.91%	9.08%	-0.92%	13.49%
PFE	17.72	-0.05	-0.28%	-1.23%	-6.79%	-12.41%	-22.65%	-13.86%	-22.86%	-33.06%
BAC	29.24	-1.08	-3.56%	-1.28%	-12.22%	-19.00%	-27.91%	-18.69%	-29.88%	-41.61%
PG	65.80	-0.10	-0.15%	-1.29%	0.60%	-1.59%	-9.00%	-1.86%	-10.16%	5.16%
MMM	74.97	-0.23	-0.31%	-1.36%	-1.65%	-5.16%	-9.36%	-4.51%	-12.60%	-14.49%
WMT	58.69	-0.62	-1.05%	-1.82%	1.59%	4.06%	25.14%	17.50%	22.71%	18.95%
DIS	33.11	-0.54	-1.60%	-2.13%	-0.21%	-4.64%	3.99%	8.70%	0.36%	-3.75%
AXP	42.76	-1.92	-4.30%	-3.59%	-3.50%	-11.94%	-16.22%	2.52%	-18.05%	-32.95%
T	35.69	-0.48	-1.33%	-4.11%	-7.97%	-11.90%	-12.95%	-0.28%	-11.88%	-11.40%
VZ	35.89	-0.35	-0.97%	-4.34%	-3.93%	-8.21%	-16.94%	3.70%	-16.73%	-16.52%
MRK	34.68	-0.33	-0.94%	-4.70%	-9.57%	-13.34%	-39.55%	-17.13%	-41.70%	-31.64%
GE	28.86	-0.11	-0.38%	-4.85%	-5.25%	-10.93%	-21.49%	-15.93%	-20.89%	-24.29%
AIG	32.28	-1.73	-5.09%	-5.83%	-10.36%	-17.12%	-42.66%	-18.89%	-41.32%	-55.50%
GM	15.82	-0.41	-2.53%	-5.89%	-10.01%	-24.20%	-35.19%	-13.32%	-40.05%	-54.36%
KO	53.96	-0.22	-0.41%	-6.98%	-4.33%	-6.19%	-11.67%	-6.47%	-13.62%	4.61%
AA	39.45	-0.25	-0.63%	-7.65%	-0.38%	-11.53%	9.19%	6.33%	16.37%	-5.17%

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 Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
XLE	88.41	1.38	1.59%	2.36%	4.44%	-1.11%	11.21%	22.54%	17.75%	24.56%