At the close Tuesday, the DJIA (+270.0 +3.31% to 8419.09), S&P 500 (+32.60 +3.99% to 848.81), and NASDAQ Composite (+51.73 +3.70% to 1449.80) regained the earlier session highs.

In Canada, however, the equity markets sank on news of a political coup underway by three political parties that were recently trounced by the Conservative Party under Prime Minister Stephen Harper. It seems that the minority parties are playing on the emotions of the populace who are hurting financially. The socialist agenda is likely to oust the fiscally prudent Conservatives within a week unless the Prime Minister calls for a new election.

Traders are unnerved. The Toronto Composite (-78.40 -0.93% to 8327.81) and Venture Board (-8.02 -1.09% to 731.10) sold off.

In NY, there were no sectors that did worse than the Consumer Staples, which lifted +1.5%. The winners were Financials (XLF +8.2%), Consumer Discretionary (XLY +4.7%) and Industrials (XLI +4.6%).

To illustrate the extreme volatility, it was only Monday when the Financials had plunged -16.7%.

Yesterday, however, the Financial sector was moved mostly by the real estate component. REITs ($DJR) gained +13.4%, while the Banks ($BKX) and Broker-dealers ($XBD) gained +7.8% and +5.4% respectively.

Airlines ($XAL) picked up +6.9% with lower crude oil prices ($WTIC -$2.32/bbl to 46.96).

Goldminers ($XAU +6.7%) gained with the higher $GOLD price (+$6.50/oz to 783.30). That was a rebound from Monday, which saw $GOLD down -$48.85/oz.

In the Cara 100, there were 88 winners, which was quite a turn-around from the 100 losers on Monday. The big winners were Brunswick Corp (BC +51.7%), which reversed Monday’s -25.8% crash, and Tata Motors (TTM +17.1%), which reversed Monday’s loss of -17.6%. GE grew +13.6% after announcing the dividend was safe.

Yesterday, there was much less movement in the forex market. The $USD dropped -0.38% to 86.65, while the Pound (+0.25% to 149.17), Euro (+0.79% to 127.17) and Yen (+0.05% to 107.39) all lifted. The political uncertainty in Canada served up a loss in the Loonie of -0.10% to 80.21.

Although it appears to many traders to be a ridiculous move, there was further movement into US Treasuries and the US 30-year long bond ($USB +0.44% to 132.20) was strong again. Yields dropped across the board. T-Bill yields lifted sharply from +0.01% to 0.05%. That move reflected the appetite for risk that traders showed during the day. Today is starting on a different note.

In international equity markets today, there was broad strength in Asia-Pacific, but weakness later across Europe. Australia (+0.09% to 3476.5), Shanghai (+4.01% to 1965.4), Hong Kong (+1.36% to 13588.7), India (+0.09% to 8747.4) and Japan (+1.79% to 8004.1) followed up the US strength. But at 8:00am ET (not much different from 6:15am ET), the French CAC, German DAX and UK FTSE were down -1.32% (-1.52%), -1.48% (-1.48%) and -0.74% (-0.43%), respectively.

But the DJIA equity futures have dropped this morning, so the US equity market is back to where it was seven days ago.

At 8:00am ET, the DJIA futures are 8322, down -110, which is down a further -10 since 6:15. The $USD is 87.32, up from 87.235 almost two hours earlier, and the Euro futures are 126.19, a bit weaker from earlier.

It follows then that the precious metals are a tad softer in the past two hours. Presently the gold, palladium, platinum and silver spot prices are: 772.40, 167, 812 and 9.40. One week ago, these prices were: 816.75, 188, 867, and 10.32. So there has been a drop across the board as the $USD lifted over this time from about 85.30 to 87.32.

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Comments & Outlook

Traders are pretty much settled on the fact that the government bail-outs in all countries will take time. They see central bank rates dropping at the same time, so there is still a move from equities to govt bonds, but it’s no a panic move.

Day trading is still essential to protecting wealth. Today is starting out a bit weak, but the important hour will be the last one.

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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