Yesterday, the DJIA (+29.88 +0.26% to 11632.38), S&P 500 (+5.19 +0.41% to 1282.19) and NASDAQ Composite (+21.92 +0.95% to 2325.88) did manage a small gain, which may be given back at the open this morning.

Crude Oil ($WTIC dropped -$3.98/bbl to 124.44 after the day earlier loss of -$3.40/bbl. Along with the continuing squeeze on commodity prices, as the $USD is regaining strength, $GOLD dropped -$25.70/oz to 922.80, which followed the prior day’s loss of -$15.20/oz.

With the lower commodity prices, the Toronto Composite index lost -131 -0.96% to 13512.66 and the Toronto Venture board dropped -1.79% to 2223.13.

In NY, Consumer Discretionary (XLY +1.9%) and Tech (XLK +1.8%) were the leading sectors while Energy (XLE -3.6%), Utilities (XLU -2.4%) and Basic Materials (XLB -1.3%) were the losers.

The big industry mover was Airlines again ($XAL +8.5%), following the day earlier gain of +22.2%. Insurance ($INSR) gained +5.2%. Goldminers ($XAU -5.3%), Oil Services ($OSX -4.8%) and NatGas ($XNG -4.4%) were the losing groups.

Cara 100 stocks were definitely on the move, both up and down, in heavier volume and more extreme price action. AET +12.7%, WHR +12.5%, GOL +9.5%, IBN +8.6%, and WFMI +8.4% were way up and CHRW -15.6%, COST -11.9%, ABX -7.8% and GG -6.5% just the opposite. The COST traded 5.2 times average daily volume as traders did not like the company report.

Today and tomorrow, traders will be reviewing the US housing data.

The 30-year US Bond ($USB) lost -0.48% to 113.61, following the loss of -0.34% the previous day. Yields were up across the board, but moderately so.

Earlier today, the Asia-Pacific markets were mixed. Tokyo (+2.18% to 13603.3, which was a 1-month high), Shanghai (+2.55% to 2910.3) and Australia (+0.52% to 5188.4) were up, but Hong Kong (-0.20% to 23087.7) and India (-1.11% to 14777) were down.

In Europe this morning at 8:35am ET (1335 GMT), there are losses. The UK FTSE is down -0.66% to 5408, the French CAC -0.72% to 4378, and the German DAX -0.88% to 6478.

Crude Oil futures are up +$0.31/bbl to 124.75, after being down about that much a half hour ago. The $USD is at $0.73085 while the Euro is at 1.5630. DJIA futures are down -28 to 11585 at 8:27am ET vs -35 a half hour ago.

At 8.38am ET, Gold, palladium, platinum and silver spot prices are presently at: 922.10, 386, 1727 and 17.37 respectively, in quiet trading at the moment.

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Comments & Outlook

There is a strengthening USD here as commodity prices sink. To what extent this action is regulator and HB&B induced is unknown by the great unwashed. But we have our thoughts on the matter.

In any case, I believe the market is cueing in on the lower commodity prices still, which is serving to support the broad equity market. So far, the bond market is not being helped, but that situation is dynamic. Bond traders are still cautious because this Treasury Secretary and Fed head are likely to print, print, print money as their solution to what ails America, which when you think of it is the reason America is in economic trouble in the first place.

I am curious about the extreme trading of certain stocks. They are up +10% in a day and down the same the next. This gives rise to my concern there is massive front-running of orders by institutional block traders at HB&B. In a pinch (and these banks and broker-dealers are being squeezed, possibly to death, not just being pinched), the Street is likely to pull any stunt in an effort to survive. I think the regulators ought to be on the look-out, if they care at all.

I’ve been there, so listen up Mr. Regulator.

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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:

At least one RSI value <30:

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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

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

You can do this table yourself by entering the following string into the Summary window at Billcara2.com and then clicking on the link for Performance. XLE XLB XLI XLY XLP IYH XLF SMH IYZ XLU XLK SPY . You can also add more ETF’s – up to 30 in total.

For a list of components to any ETF, go to the AMEX.com web site, and click on ETF's.

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10 (energy: XLE)

Table 2: Senior oil & gas equities

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15 (basic materials: XLB)

Table 3: Senior metals and steel equities

Table 12: Senior gold equities

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20 (industrial: XLI)

Table 4: Senior capital goods makers and transportation

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25 (consumer discretionary: XLY)

Table 5: Senior consumer discretionary equities

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30 (consumer staples: XLP)

Table 6: Senior consumer staples equities

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35 (healthcare: IYH)

Table 7: Senior healthcare equities

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40 (financial: XLF)

Table 8: Senior financial company equities

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45 (technology, semiconductor: SMH)

Table 9: Senior technology equities

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50 (telecom: IYZ)

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55 (utilities: XLU)

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International Equity Market USD-denominated ETF Review

Table 13: International equities perspective

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Japanese equity market ETF: EWJ

Here is the Japanese (EWJ) equity market ETF Daily data charts:

Interactive EWJ Daily data:

Interactive EWJ Weekly data:

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U.K. equity market ETF

Here is the United Kingdom (EWU) equity market ETF Daily data charts:

Interactive EWU Daily data:

EWU Daily data:

Interactive EWU Weekly data:

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Canada's equity market

Here is the Canadian (EWC) equity market ETF Daily data charts:

Interactive EWC Daily data:

Interactive EWC Weekly data:

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Bonds & Yields Review

Table 10: Yahoo Finance U.S. Treasury Debt, Municipal and Corporate Bond Yields

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Here is the $USB 30-year Treasury Bond chart.

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US Bond Funds -- Interactive Daily Data Charts

SHY Daily data series chart:

IEF Daily data series chart:

TLT Daily data series chart:

AGG Daily data series chart:

LQD Daily data series chart:

TIP Daily data series chart:

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Table 11: Interest-sensitive securities

Consumer Finance -USA -- Interactive Daily Data Charts

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Commodities Review

$CRB Index

Open Futures Contracts

Interactive Chart of Daily CRB Commodities Index:

Interactive Chart of Weekly CRB Commodities Index:

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Oil Review

Here is the e-miNY Mar-08 Crude Oil chart.

Interactive Chart of Daily Crude Oil:

Interactive Chart of Weekly Crude Oil:

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Gold & Precious Metals Review

Spot gold chart for the week

Interactive Chart of Daily Gold EOD Continuous Contract Index:

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

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Spot silver chart for the week

Interactive daily data

Interactive Chart of Daily Silver EOD Continuous Contract Index:

Interactive chart of the Silver Bullion index.

Interactive Chart of Weekly Silver EOD Continuous Contract Index:

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Spot platinum chart for the past three days

Interactive Chart of Daily Platinum EOD Continuous Contract Index:

Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

Interactive chart of the Platinum metal index.

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Spot palladium chart for the week

Interactive Chart of Daily Palladium EOD Continuous Contract Index:

Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

Interactive chart of the Palladium metal index.

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Interactive Chart of Weekly Copper EOD Continuous Contract Index:

Interactive Chart of Daily Copper EOD Continuous Contract Index:

Interactive chart of the Copper metal index.

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Table 12: Senior gold equities

To watch the moves in precious metal miners, you will have to monitor the individual stock charts, preferably in real-time, as follows:

NEM ABX AU GFI GG HMY AUY KGC BVN
Interactive Daily data
Interactive Weekly data

MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
Interactive Daily data
Interactive Weekly data

CBJ SSRI SIL NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
Interactive Daily data
Interactive Weekly data

NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
Interactive Daily data
Interactive Weekly data

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Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW MGN

Interactive Daily data
Interactive Weekly data

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Here are the Weekly and Daily Data charts of the indexes:

Interactive Chart of Daily U.S. Goldminers Index:

Weekly U.S. Goldminers Index:

Interactive Chart of Weekly U.S. Goldminers Index:

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The U.S. goldminer share trust ETF trades under the ticker symbol GDX.

Here are the U.S. Goldminer ETF (GDX) index Weekly and Daily data charts:

GDX Daily data:

GDX Weekly data:

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The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD. Yes, just like GDX on the AMEX, you can trade XGD on Toronto.

Here are the Weekly and Daily data charts for the TSX Goldshares (XGD) index:

Interactive Chart of XGD Daily data:

Interactive Chart of XGD Weekly data:

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Forex Review

Here is the chart of the week's trading in the $USD.

Interactive Chart of Daily U.S. Dollar Index:

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Interactive Chart of Daily Euro Dollar Index, priced in USD:

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Daily British Pound Index:

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Daily Japanese Yen Index:

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Daily Canadian Dollar Index:

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Wrap-up