Yesterday in North American markets, there was no volume to speak of, but there were positive signs early on. The Crude Oil ($WTIC) price jumped +$6.62/bbl (+10.4%) to 70.53. $GOLD lifted +$30.50/oz to 757.30. Equity prices and bond prices followed.

The DJIA (+305.45 +3.28% to 9625.28), S&P 500 (+39.45 +4.08% to 1005.75), and NASDAQ Composite (+53.79 +3.12% to 1780.12) were strong all day. So too were the Toronto Composite (+395.32 +4.07% to 10116.58), and the Venture Board (+39.68 +4.24% to 975.27).

Early on today, perhaps spurred by the victory by President-elect Barack Obama, Asia-Pacific equity markets found a bounce. Later in the session, however, there was no follow-through. In trading on European bourses at 6:30am ET, markets were all down more than -2%. US equity futures indicated a weak opening too.

Tomorrow, the Bank of England (7:00am ET) and European Central Bank (7:45am ET) announce their monetary policy decisions. Lower rates ought to weaken the Pound and Euro in USD terms. The spate of weak quarterly reports from bankers there today supports the view that monetary policy will be accommodative, hence the strength in the USD.

After the close of Asia-Pacific markets today, Japan’s Nikkei 225 (+4.46% to 9521.2); India’s Sensex BSE 30 (-4.81% to 10120.0); Australia (+2.82% to 4287.3); Shanghai (+3.16% to 1760.6); and Hong Kong (+3.17% to 14840.2), were mixed, but mostly bullish.

In New York yesterday, most sectors were strong: Energy (XLE +6.4%), Financials (XLF +5.6%), Basic Materials (XLB +4.7%), and Industrials (XLI +4.4%). Even the laggards were strong: Healthcare (XLV +1.3%), Staples (XLP +1.5%) and Utilities (XLU +1.9%).

Among industry groups, the strongest were Goldminers ($XAU +14.8%) and Oil Services ($OSX +10.1%). Hospitals ($RXH -3.8%) were weak.

For the Cara 100, the big winners were: VIP +21.4%, SLW +21.1%, GG +18.4%, and DB +18.3%. My securities advisory company is working on a detailed report on Goldcorp. Of the 6 losers on the day, only AET (-5.7%) was notable.

The long bond ($USB) rallied sharply by +1.60% to 115.36 as bond yields dropped across the board. The T-Bill yield lifted a bit to 0.465%.

The $USD plunged in the early morning yesterday, closing down -1.92% to 84.59, which served as a powerful uplift for oil and gold prices. Crude Oil ($WTIC +$6.62/bbl +10.4% to 70.53) and $GOLD (+$30.50/oz +4.2% to 757.30) were very strong – until 12 noon ET.

The Euro (+3.13% to 129.97), Pound (+1.11% to 159.62) and Cdn Loonie (+2.56% to 87.03) skyrocketed. The Australian Dollar was up +3.43% on the day. The Yen dropped -0.47% to 100.35.

In futures trading at 7:30am ET this morning, the $USD has dropped from an earlier high of 86.14 to 85.44. There was a rapid decline about 7am ET. The Euro is up to 129.26.

Crude Oil is back up to 69.00/bbl this morning. $GOLD is now stronger after being weak most of the evening. Spot gold, palladium, platinum and silver at 7:40am ET were: 760.81, 214, 877, and 10.26, respectively. There is nervous trading ahead of the European/UK monetary policy decisions tomorrow. Moreover, traders are looking forward to see how the New Economic Order will be put in place by his choice for key roles in the Administration.

The DJIA futures have improved in the past hour and are now down -65 to 9522.

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Comments & Outlook

In the WIR this past weekend, I gave you a heads-up re Teck Corp (TCK).

A week ago I wrote, “I cannot see either the base metals like copper or the precious metals soaring without some preliminary warming up in the Xstrata, Vale (RIO) and Teck (TCK), which I use as a tell. These are the companies that understand forex and credit markets as well as anybody. Their goods are sold by Letters of Credit. It’s a tough time for them.”

This week things improved. The RIO soared +25.0%, but the TCK gained just +2.4%. However, the Rio Tinto (RTP +26.3%) and BHP (BHP +25.2%) also soared. The movers are all much bigger than Teck. I suspect the TCK under-performed because the Toronto index under-performed this week. Let’s watch TCK next week.

Xtrata (XTA.L) trading in London was up +35.7% this week – just flying on Wednesday through Friday. Wow. Metals are on fire. TCK to follow next week!

TCK closed today at US$12.54. When I wrote “TCK to follow next week!” the stock was $9.81. What followed has been a two-day gain of +27.8%.

Internally, the market had surged +10% on the 28th right before we put on eight bull spreads. No one could accuse us of cherry picking a situation to boost results (the VIX had dropped -20% on the 28th prior to us selling premium).

The results, within our managed risk strategy, were: PBR +27.7%, SU +1,550%, GG +3,200%, BHP +139%, RIO >+3,700%, TCK +88%, RIMM -12.84%, and GOOG >+200%. The Google option spread was put on for 1 dollar credit and gained by 2.10 in price.

Not bad!

My intention here is to show that Cara Trading Advisors manages portfolios via sophisticated and timely strategies and tactics. What I write as a blogger for the Cara Community is day and night different from my trading.

I trade for profit, but I blog to educate and inform. Then you can learn how to trade with a higher probability of success.

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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 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)

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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 13: 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)

Table 12: US Utilities

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International Equity Market USD-denominated ETF Review

Table 14: 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 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

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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