The S&P 500 (-23.39 -1.82% to 1261.52), NASDAQ Composite (-53.51 -2.32% to 2251.46), and Russell 2000 small caps (-2.78% to 672.34) took a bigger beating that the DJIA.

In New York, the leading sectors were Utilities (XLU -0.27%) and Consumer Staples (XLP -0.11%). There were no sectors or leading industry groups that ended up on the session.

The worst three sectors were Basic Materials (XLB -4.3%), Industrials (XLI -3.1%) and Energy (XLE -3.0%). Chemicals were down -4.2%, Oil Services ($OSX) -4.4%, Transports -4.5% and Goldminers ($XAU -3.6%) sold down.

For the extreme Cara 100 stocks, the winners were: SNDK (+6.2%) after being down -5.8% the day before; and YHOO +3.4%. The losers were: NUE -14.2%, ATVI -7.4%, and BC -7.3% to $10.10.

The 30-year US Bond ($USB) lifted +0.53% to 116.12 in a safe-haven move out of equities.

As expected, but despite signs of weakening economic growth, the European Central Bank (ECB) today raised interest rates by a quarter-point to 4.25%. This was the first rate increase in a year and is seen as an attempt by the ECB to suppress escalating inflation.

US payrolls in June contracted for the sixth consecutive month. Companies facing write-downs and rising costs or lower demand are cutting back. The Labor Department has reported that Nonfarm payrolls fell by 62,000, slightly more job losses than consensus expectations. The unemployment rate held at 5.5%. May payrolls were revised down by 13,000 to show a 62,000-job decrease.

The US Dollar index ($USD) lost -0.45% to 72.07, while $GOLD gained +$2.00/oz to 946.50 and Crude Oil ($WTIC) lifted by $2.60/bbl to 143.57.

Earlier today, the Asia-Pacific equity markets were mostly weak. The Australia All-Ords dropped -2.26% to 5094; Hong Kong’s Hang Seng -2.13% to 21243 and India’s Sensex 30 -4.18% to 13094, while the Nikkei 225 lost just -0.16% to 13265.

European stocks are now stronger after the ECB report.

Crude Oil futures are up to 143.98 and the DJIA futures are at 11271, up +60.

The $USD futures are strong and the Euro weak. Precious metal prices have weakened.

Spot prices at 9:20am ET for gold, palladium, platinum, and silver: 933.58, 460, 2031, and 18.07, respectively.

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Comments & Outlook

Yesterday, I opined that the ECB would raise rates, but that just might not rally the Euro and Gold. I seem to have been right.

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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	90.13	84.76	56.31	47.35
PBR	67.10	83.80	55.11	42.79
EXC	90.54	82.57	72.81	59.01
TS	68.92	80.65	82.24	51.81	Sell alert (trig. 1 days ago [on 2008-07-02 at $68.92, +0.00% chg], after a 5 day DZ)
SYT	60.68	79.05	49.26	33.70
TT	46.49	76.65	65.62	56.92
GGB	22.56	75.40	52.64	33.95
GG	46.01	73.12	68.51	65.33	Sell alert (trig. 1 days ago [on 2008-07-02 at $46.01, +0.00% chg], after a 1 day DZ)
ATVI	31.58	71.09	49.29	23.31
WMT	56.50	70.94	52.60	41.51
COST	72.13	70.71	60.92	61.89
CVX	97.42	70.39	55.27	42.14
DNA	78.14	54.32	69.01	73.39
GSK	45.18	41.48	58.76	71.65

At least one RSI value <30:

Ticker	Last	RSI-7M	RSI-7W	RSI-7D	Zone
UBS	19.83	16.58	20.07	26.27	Accumulation Zone (for 2 days)
BC	10.10	16.86	14.21	22.52	Accumulation Zone (for 1 days)
ERJ	24.91	16.97	11.90	6.14	Accumulation Zone (for 22 days)
WFMI	22.72	19.93	15.91	13.96	Accumulation Zone (for 5 days)
SBUX	15.68	21.31	30.86	29.28
GOL	10.07	21.43	20.72	15.46	Accumulation Zone (for 5 days)
DB	85.64	22.63	16.03	29.24	Accumulation Zone (for 5 days)
BDK	55.66	22.64	24.64	25.56	Accumulation Zone (for 2 days)
CCL	32.23	23.11	20.76	26.32	Accumulation Zone (for 2 days)
SNDK	18.72	24.96	20.13	27.89	Accumulation Zone (for 9 days)
WAG	31.39	25.03	21.68	10.49	Accumulation Zone (for 2 days)
TM	91.40	25.26	32.08	17.13
WHR	60.86	25.27	17.45	22.24	Accumulation Zone (for 3 days)
GE	26.51	25.67	18.00	32.59	Buy alert (trig. 3 days ago [on 2008-06-30 at $26.69, -0.67% chg], after a 2 day AZ)
TGP	25.61	25.68	24.46	18.62	Accumulation Zone (for 1 days)
NOK	23.67	26.00	23.75	33.12
JCP	35.98	27.44	30.17	36.02
KSS	41.11	27.81	33.74	42.21
BA	63.90	27.86	19.49	10.96	Accumulation Zone (for 3 days)
DEO	70.56	28.70	15.36	26.29	Accumulation Zone (for 1 days)
GFI	12.40	28.86	44.28	64.16
UTX	59.70	29.76	19.36	13.52	Accumulation Zone (for 1 days)
BMY	20.59	29.87	44.70	64.39	Buy alert (trig. 8 days ago [on 2008-06-23 at $19.41, +6.08% chg], after a 1 day AZ)
AET	39.79	30.37	27.55	25.54
TGT	46.69	30.58	25.28	31.33	Buy alert (trig. 2 days ago [on 2008-07-01 at $47.53, -1.77% chg], after a 1 day AZ)
SWK	43.31	30.74	19.08	21.55
IBN	27.37	30.96	24.27	16.34	Buy alert (trig. 2 days ago [on 2008-07-01 at $27.43, -0.22% chg], after a 1 day AZ)
DOW	33.92	31.09	23.50	16.04
YHOO	20.88	31.66	20.06	30.80
CSCO	22.84	33.19	28.94	15.57
ERTS	43.62	33.33	27.28	31.33
RY	43.52	33.54	30.01	19.76
KO	51.37	33.58	23.92	28.52
BBBY	28.01	33.99	29.11	39.20
WBK	90.59	33.99	22.58	20.07
HDB	70.41	34.03	22.89	23.28
PAYX	30.84	34.58	21.10	29.32
CHA	51.63	34.64	25.97	21.22
ABV	60.05	35.33	25.88	17.77
HBC	75.08	37.49	24.99	12.93
OXPS	21.81	37.59	42.14	29.48
DIS	30.71	37.90	31.20	21.44
PG	62.69	40.33	26.72	46.38
PTR	122.49	40.47	34.71	27.43
INTC	20.93	40.58	35.44	24.29
CTSH	31.37	42.03	44.63	23.93
VCP	26.05	42.29	26.03	13.85
NKE	58.09	42.86	23.81	15.20
CHL	64.33	42.99	25.90	25.54
VIP	26.28	43.97	29.97	18.44
MBT	72.21	46.30	31.05	18.63
CHRW	52.51	46.81	26.80	15.97
MICC	94.42	47.19	32.01	11.67
NUE	61.94	48.33	28.65	13.91
ABB	26.92	51.31	34.63	19.22
BBD	19.91	51.33	38.59	22.13
ORCL	20.82	51.46	38.35	29.47
RIO	32.33	51.59	35.75	23.62
PDA	50.22	54.24	37.09	18.55
SU	55.43	55.14	39.11	21.12
IBKR	31.00	56.02	46.22	21.36
TCK	44.38	56.66	44.50	25.54
RIMM	116.20	59.11	37.47	28.41
ATVI	31.58	71.09	49.29	23.31

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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
MRK	38.04	-0.32	-0.83%	2.87%	9.12%	-0.34%	-33.69%	2.53%	-33.69%	-23.26%
VZ	35.63	0.10	0.28%	0.11%	-0.97%	-3.65%	-17.54%	-6.14%	-17.54%	-14.31%
XOM	87.41	-0.94	-1.06%	-0.22%	-0.48%	1.94%	-6.52%	-1.25%	-6.52%	3.05%
JNJ	64.64	-0.05	-0.08%	-0.98%	0.31%	-2.87%	-1.93%	-1.03%	-1.93%	4.51%
MCD	57.43	0.14	0.24%	-1.07%	-1.34%	-0.95%	-1.15%	1.36%	-1.15%	11.78%
PG	62.69	0.71	1.15%	-1.26%	-3.55%	-5.66%	-13.30%	-11.05%	-13.30%	1.54%
PFE	17.62	-0.11	-0.62%	-1.45%	-0.84%	-6.28%	-23.09%	-18.08%	-23.09%	-31.52%
CVX	97.42	-1.66	-1.68%	-1.95%	-1.85%	1.44%	4.24%	11.32%	4.24%	14.41%
WMT	56.50	-0.53	-0.93%	-2.79%	-2.03%	-2.05%	20.47%	3.75%	20.47%	16.90%
AXP	39.62	-0.40	-1.00%	-3.22%	-6.60%	-13.19%	-22.37%	-15.07%	-22.37%	-35.88%
HPQ	43.61	-0.39	-0.89%	-4.36%	-6.40%	-6.84%	-12.45%	-7.66%	-12.45%	-3.50%
IBM	119.10	-0.17	-0.14%	-4.40%	-4.08%	-6.62%	13.76%	3.74%	13.76%	13.42%
T	32.89	-0.41	-1.23%	-4.58%	-6.70%	-14.57%	-19.78%	-15.06%	-19.78%	-21.41%
KO	51.37	0.37	0.73%	-5.05%	-3.37%	-9.40%	-15.91%	-15.03%	-15.91%	-2.26%
GE	26.51	-0.61	-2.25%	-5.29%	-6.03%	-12.94%	-27.88%	-30.27%	-27.88%	-30.71%
DIS	30.71	-0.34	-1.10%	-5.48%	-6.80%	-10.60%	-3.55%	-2.69%	-3.55%	-11.04%
DD	41.65	-0.99	-2.32%	-5.58%	-10.66%	-10.95%	-4.78%	-14.72%	-4.78%	-19.59%
MMM	68.48	-1.30	-1.86%	-5.64%	-7.83%	-10.32%	-17.20%	-15.36%	-17.20%	-22.18%
INTC	20.93	-0.64	-2.97%	-7.59%	-6.06%	-10.86%	-17.44%	-4.21%	-17.44%	-13.76%
CAT	70.42	-3.67	-4.95%	-8.04%	-11.64%	-14.60%	-0.30%	-10.30%	-0.30%	-12.47%
BA	63.90	-1.55	-2.37%	-8.24%	-14.40%	-18.10%	-26.23%	-16.85%	-26.23%	-33.97%
MSFT	25.88	-0.99	-3.68%	-8.71%	-9.07%	-6.03%	-26.52%	-11.25%	-26.52%	-12.98%
JPM	34.60	0.58	1.70%	-8.73%	-10.69%	-16.89%	-17.95%	-25.17%	-17.95%	-29.60%
UTX	59.70	-0.98	-1.62%	-9.57%	-12.30%	-13.80%	-20.62%	-16.13%	-20.62%	-17.61%
AIG	26.75	0.02	0.07%	-10.05%	-15.13%	-25.11%	-52.49%	-42.93%	-52.49%	-61.89%
C	16.84	-0.29	-1.69%	-10.66%