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November 25, 2008

Daily Report for Tue, Nov 25, 2008

Yesterday was rally day in the US equity market. It started on Friday. The rally, which has come with higher volume, is likely to last through the Obama inauguration. Then the 4Q08 earnings will be reported and there will be a testing of the market strength. But, not until then, I believe.

By the end of the day, the DJIA (+396.97 +4.93% to 8443.39), S&P 500 (+51.78 +6.47% to 851.81) and NASDAQ Composite (+87.67 +6.33% to 1472.02) set more records. The gain in the DJIA index is +900 points in two days.

All sectors, all industries and 94 of the Cara 100 closed higher. There were fewer 52-week lows.

The leading sectors were the Financials (XLF +15.2%), Consumer Discretionary (XLY +7.9%) and Energy (XLE +7.2%).

In Canada, the Toronto Composite jumped +285.48 +3.50% to 8440.87, while the Venture Board was up less, +18.62 +2.64% to 722.29.

The Cara 100 big winners were: MBT +28.0%, BC +26.9%, and DB +24.8%. Maybe we can expect a Brunswick Corp to do that; but Deutsche Bank? Wow!

The US long bond ($USB) lost -0.80% to 125.28. The yield is at 3.755%.

On the forex front, the $USD plunged -2.20% to 85.87. The Euro was up +2.83% to 1.2945. The Pound (+1.66% to 151.80) and the Loonie (+2.71% to 81.09) were huge winners, while the Yen (-1.34% to 102.86) was the big loser, again.

$WTIC (Crude Oil) gained +$4.57/bbl to 54.50. As I reported on Saturday, “… but that market will lift substantially on Monday as capital flows back into equities and commodities and out of cash and bonds”.

Earlier in the day today, the Asia-Pacific equity markets were higher except for the Shanghai Composite (-0.44% to 1888.7). The Japanese Nikkei (+5.22% to 8323.9), Hong Kong (+3.38% to 12878.6), and Australia (+5.51% to 3575.4) were solidly higher. India (-2.33% to 8695.5) traded down. Banks and beneficiaries of higher commodities were strong – like they were on Friday.

Earlier in Europe (9:40am ET vs 7:15am), the French CAC was up +2.01% (1.33%); the German DAX +1.51% (+0.75%); and UK FTSE +1.49% (+1.43%) were strong. The banks are liking the new US facility set up to buy in bad car and student loans and all.

Those markets were 7:10am ET, crushed on Friday, However I reported on Saturday, “But those markets closed well before the Geithner to Treasury rumor/announcement. They should open with a flourish on Monday.”

I wrote in Friday’s Daily Report, “Yesterday in Seeking Alpha and here in the blog I gave the Trade of the Generation re sell bonds and buy gold/goldminers. Gold was 735.20 at the time, so it’s already up +33.00/oz.” On Friday, Spot gold, palladium, platinum and silver closed the week at 799.50, 182, 824, and 9.64 respectively. Gold was the best performer over the past few days.

This morning at 9:40am ET, the near futures for gold, palladium, platinum and silver (vs 7:10am spot prices), 823.2 (810.92), 195.8 (195), 866.4 (860) and 10.35 (10.25) respectively. The Trade of the Generation call is looking rather accurate, but these prices will side-track, then boom, then side-track, then boom, I expect.

The DJIA futures closed the week at 8034. At 7:10am ET they had moved to 8448, now (9:45am) at 8537.

January Crude Oil closed Friday at 50.75, but jumped yesterday to 54.50, are now 53.45 after being down at 52.91 at 7:10am.

The Euro closed Friday at 125.00 and yesterday at 129.45. Then at 7:15am dropped to 128.58 before rebounding to 130.30. The $USD has sunk from 86.265 at 7:15am to 85.13. The precious metals will rally on this move.


Comments & Outlook

Yes, we live in interesting times. Did you see the number of Buy Alerts from yesterday and Friday. Wow! That's what happens when the DJIA jumps +900 points in two days. It's the Obama Bump. Now that's the kind of "Change" people were looking for. Something to talk about over the Thanksgiving Day dinner table.

No further comment today other than maybe Silver Wheaton (SLW) is going to be ok once the backroom boys decide who is going to take control and issue themselves all kinds of warrants and options. Watch for it. I know how these guys play the game. It’s all for them. If I were the Canadian Securities Administrators, I would be sending in the team of investigators. Between Teck (TCK) and Silver Wheaton (SLW), they wouldn’t have to walk more than a few steps in downtown Vancouver.


Links & Charts


International Economics Review

US Economic Calendar.



Knobias Cara100 Tables








Cara 100 Daily RSI-7 Charts


At least one RSI value >70:

At least one RSI value <30:


International Equity Markets Review

Europe

Here is the latest session data for the bourses of Europe.


Here is the latest session data for the London stock exchange FTSE.


Here is the latest session data for the German DAX.


Here is the latest session data for the French CAC 40.


Here is the latest session data for the Milan Italy stock exchange MIBTEL.


Here is the latest session data for the Swiss market index.


Asia-Pacific

Here is the latest session data for the Asia-Pacific stock exchanges.


Here is the latest chart for the Japanese Nikkei 225 index.


Here is the latest chart for the Singapore index .


Here is the latest chart for the Shanghai Composite index .


Here is the latest chart for the Hong Kong Hang Seng index .


Here is the latest chart for the India BSE 30 index .

Here is the latest chart for the Australian All Ordinaries index .


US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

Table 15: 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)



The Americas

Here is the latest session data for the exchanges of the Americas.


Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.


Here is the latest session data for the Toronto Stock Exchange composite index.



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.


10 (energy: XLE)

ETF Chart for Energy:XLE

Table 2: Senior oil & gas equities


15 (basic materials: XLB)

ETF Chart for Basic Materials:XLB

Table 3: Senior metals and steel equities

Table 13: Senior gold equities



20 (industrial: XLI)

ETF Chart for Industrial:XLI

Table 4: Senior capital goods makers and transportation



25 (consumer discretionary: XLY)

ETF Chart for Energy:XLY

Table 5: Senior consumer discretionary equities



30 (consumer staples: XLP)

ETF Chart for Consumer Staples:XLP

Table 6: Senior consumer staples equities



35 (healthcare: IYH)

ETF Chart for Health Care:IYH

Table 7: Senior healthcare equities



40 (financial: XLF)

ETF Chart for Financial:XLF

Table 8: Senior financial company equities



45 (technology, semiconductor: SMH)

ETF Chart for Technology, Semiconductor:SMH

Table 9: Senior technology equities



50 (telecom: IYZ)

ETF Chart for Telecom:IYZ



55 (utilities: XLU)

ETF Chart for Utilities:XLU

Table 12: US Utilities


International Equity Market USD-denominated ETF Review

Table 14: International equities perspective


Japanese equity market ETF: EWJ

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

Interactive EWJ Daily data:


Daily EWJ

Interactive EWJ Weekly data:


Weekly EWJ



U.K. equity market ETF

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

Interactive EWU Daily data:

EWU Daily data:


Daily EWU Data

Interactive EWU Weekly data:


Weekly EWU Data


Canada's equity market

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

Interactive EWC Daily data:


Daily EWC Data

Interactive EWC Weekly data:


Weekly EWC Data


Bonds & Yields Review

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


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


Bond Yields Curve



US Bond Funds -- Interactive Daily Data Charts

SHY Daily data series chart:

US Bond Funds - Daily Data For SHY

IEF Daily data series chart:

US Bond Funds - Daily Data For IEF

TLT Daily data series chart:

US Bond Funds - Daily Data For TLT

AGG Daily data series chart:

US Bond Funds - Daily Data For AGG

LQD Daily data series chart:

US Bond Funds - Daily Data For LQD

TIP Daily data series chart:

US Bond Funds - Daily Data For TIP


Table 11: Interest-sensitive securities

Consumer Finance -USA -- Interactive Daily Data Charts


Consumer Finance -USA- Daily Data Charts CFC

Consumer Finance -USA- Daily Data Charts FNM

Consumer Finance -USA- Daily Data Charts FRE


Commodities Review

$CRB Index

Open Futures Contracts

Interactive Chart of Daily CRB Commodities Index:

CRB Commodities Index - Daily Chart

Interactive Chart of Weekly CRB Commodities Index:

CRB Commodities Index - Weekly Chart


Oil Review

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

Interactive Chart of Daily Crude Oil:


Crude Oil- Daily Chart


Interactive Chart of Weekly Crude Oil:


Crude Oil- Weekly Chart


Gold & Precious Metals Review

Spot gold chart for the week

Interactive Chart of Daily Gold EOD Continuous Contract Index:


GOLD EOD Continuous Contract Index- Daily Chart

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

GOLD EOD Continuous Contract Index - Weekly Chart


Spot silver chart for the week

Interactive daily data

Interactive Chart of Daily Silver EOD Continuous Contract Index:

SILVER EOD Continuous Contract Index- Daily Chart

Interactive chart of the Silver Bullion index.


Interactive Chart of Weekly Silver EOD Continuous Contract Index:


SILVER EOD Continuous Contract Index - Weekly Chart



Spot platinum chart for the past three days

Interactive Chart of Daily Platinum EOD Continuous Contract Index:


PLAT EOD Continuous Contract Index- Daily Chart


Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

PLAT EOD Continuous Contract Index - Weekly Chart


Interactive chart of the Platinum metal index.


Spot palladium chart for the week

Interactive Chart of Daily Palladium EOD Continuous Contract Index:


PALL EOD Continuous Contract Index- Daily Chart


Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

PALL EOD Continuous Contract Index - Weekly Chart


Interactive chart of the Palladium metal index.


Interactive Chart of Weekly Copper EOD Continuous Contract Index:


COPPER EOD Continuous Contract Index- Daily Chart


COPPER EOD Continuous Contract Index - Weekly Chart


Interactive Chart of Daily Copper EOD Continuous Contract Index:


Interactive chart of the Copper metal index.


Table 13: 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


Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW MGN

Interactive Daily data
Interactive Weekly data


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

Interactive Chart of Daily U.S. Goldminers Index:

Daily U.S. Goldminers Index - Daily Chart

Weekly U.S. Goldminers Index:


Interactive Chart of Weekly U.S. Goldminers Index:


Weekly U.S. Goldminers Index - Weekly Chart



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 Daily Data Chart

GDX Weekly data:

GDX Weekly Data Chart


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:

XGD Daily Data Chart

Interactive Chart of XGD Weekly data:

XGD Weekly Data Chart



Forex Review

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

Interactive Chart of Daily U.S. Dollar Index:


Daily U.S. Dollar Index - Weekly Chart


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


Daily Euro Dollar Index - Priced in USD


Daily British Pound Index:


Daily British Pound Index - Daily Chart


Daily Japanese Yen Index:

Daily Japanese Yen Index - Daily Chart


Daily Canadian Dollar Index:

Daily Canadian Dollar Index - Daily Chart


Wrap-up

Posted by Posted by Bill Cara on November 25, 2008 09:58:52 AM | Category: Daily Report