In NY, the DJIA (-344.65 -2.99% to 11188.23), S&P 500 (-38.15 -2.99% to 1236.83), and the NASDAQ Composite (-74.69 -3.20% to 2259.04) all plunged.

In Canada, the Toronto Composite (-324 -2.46% to 12814.14) and the Venture Board (-45.5 -2.43% to 1829.43) also plunged.

Earlier today, the Asia-Pacific stocks: Australia (-2.01% to 4949.5), Shanghai (-3.29% to 2202.4), Hong Kong (-2.24% to 19933.3), Japan (-2.75% to 12212.2) and India (-2.79% to 14483.8) all sank to comparable levels.

Commodity prices remained weak; Crude Oil ($WTIC) dropped -$1.46/bbl to 107.89 and $GOLD dropped -$5.00/oz to 803.20. Intra-day levels were lower.

In NY yesterday, the worst sector was Financials (XLF -4.9%) as Broker-Dealers ($XBD -5.1%) and Banks ($BKX -4.8%) sank with downgrades. As an example, Goldman downgraded Merrill Lynch to a Strong Sell.

But the Tech (XLK), Basic Materials (XLB), Industrials (XLI) and Consumer Discretionary (XLY) sectors were all leaders to the downside as well, each losing -3.33% or more.

Goldminers ($XAU -4.2%) were hammered.

For the extreme price changes in the stocks of Cara 100 companies, where the trading volumes were stronger again, there were only three stocks that lifted on the day: KB -1.6%, DELL +0.2% and KO +0.1%. The losers were led by non-US headquartered companies, VIP and GGB -9.4%, MBT -8.5%, ABB -7.0%, and TCK and RIMM -6.4%, clearly covering all industries from pulp & paper, steel, telecom, personal communications, heavy construction and mining. So, it’s not just the US companies and not just the Financials that were being sold.

Traders have been going to safety in the form of US Treasury instruments. The long bond ($USB +0.41% to 119.94) was very strong. Yields dropped across the board, to: 4.281, 3.643, and 2.876 for the 30-year, 10-year and 5-year bonds and notes respectively. The T-Bill yield dropped a tad to 1.650.

In European trading at this point (8:23am ET), the French CAC, German DAX and UK FTSE are down -1.0%, -1.5% and -0.9% respectively. In the cross-over session yesterday, these bourses also took a large part of the losses in the US market indexes, so these losses today so far are just a catch-up and not an indication of what might happen in NY later in the day.

In open futures at 8:20am ET, the Sept Euro (falling -0.44% to 1.4254), Oct Crude Oil (down -$1.03/bbl to 106.86), and Sept DJIA (-41 to 11159) are down, while the Sept $USD is stronger (+0.23% at 78.87. Traders are waiting for the US Jobs Report at 8:30am ET, which could dramatically impact these levels (which is why I record them and time stamp them).

In the cash (spot) precious metals market prices are a bit stronger, at 8:46am ET: gold is 799.10, palladium at 275, platinum at 1377, and silver at 12.76.

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Comments & Outlook

It will be a tough day for the Bulls because the US Jobs data was just published at 8:30am ET and the DJIA futures have quickly gone down to about -100. Unemployment has zoomed.

Education and government (consumers of wealth) are where the jobs are being created. That’s a bad sign for the short-term.

Do you recall a few months ago when I opined that rising unemployment in the US would become a huge problem for the US economy? More unemployment means less consumer spending, less driving, etc.

But it also means a lower $USD, for a time, which will boost the precious metals a bit (temporarily), so today (on a bit of strength) will not be a good day to buy those precious metals. You want to train yourself to buy into weakness. Let the prices come to you.

These are interesting times.

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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