[7:14am ET] And we thought Friday was boring! If you left the room Monday for 30 minutes early in the session, you could be excused for thinking traders were taking an all-day siesta. Forex and bond prices barely budged, and volume in the equity market was pathetic.
Prices of equities did advance however. At the close, the S&P 500 (927.23 +8.33 +0.91%), the DJIA (8,529.38 +90.99 +1.08%), and the NASDAQ (1,844.06 +5.84 +0.32%) were all firmer thanks to the early session boost.
The Toronto Composite (10,476.77 +87.01 +0.84%) and the Toronto Venture Board (1,105.56 -6.00 -0.54%) headed in different directions. The main board in Toronto has had a string of five positive sessions.
Earlier today, Austral-Asian markets were mixed. Japan’s Nikkei 225 (9,958.4 +1.79%), and Aussie All Ordinaries (3,947.8 +1.68%) were winners, but Hong Kong (18,378.7 -0.81%), Shanghai (2,959.4 -0.54%), and India’s BSE 30 (14,493.8 -1.97%) were losers.
As for the European equity bourses, prices were almost flat. The French CAC (3,190.4 6:37AM ET -0.10%), German DAX (4,888.4 6:22AM ET +0.07%) and UK FTSE 100 (4,295.1 6:22AM ET +0.03%) were asleep, waiting for the US market to wake people up.
In US trading on the Monday, no particular sectors or industries were remarkable, just like Friday. The Financials (XLF +1.3%), and Utilities (XLU +1.3%) were leaders. Consumer Staples (XLP +0.6%) and Healthcare (XLV +0.6%) were winners but lagging the rest.
The leading industry group was Banks ($BKX+1.6%), while nothing stood out on the downside. Schools, printing services, and apparel were down about -2% each.
The winners among Cara 100s were Myriad Genetics, Juniper, and ABB (MYGN+4.5% JNPR+4.4% ABB+3.6%), while the losers were by Tata Motors, Teck Corp, and Votorantim (TTM-3.5% TCK-3% VCP-2.9%). Again, volume was feeble.
The trade-weighted $USD index was quiet (79.86 +0.03 +0.04%). The Euro (140.79 +0.22 +0.16%), and Pound (165.58 +0.35 +0.21%) were up a bit, but the Yen (104.11 -0.99 -0.94%) dropped sharply, and Cdn Loonie (86.42 -0.28 -0.32%) was soft against the US Dollar.
In quiet bond market trading, the US long Bond was flat ($USB 118.56 +0.03 +0.03%). The yields for 30-year (4.307 +0.04 +0.09%), 10-year (3.492 -0.14 -0.40%), and 5-year (2.528 -0.05 -0.20%) were not remarkable. Treasury bill yields dropped a tad (0.160 -0.15 -8.57%).
After days of gains, $GOLD gave back a small bit (937.80 -2.10 -0.22%).
Crude Oil was however much stronger (71.49 +2.33 +3.37%). Perhaps the driver was the struggle in Nigeria with a return of militant action near the Shell oil field.
The Euro futures were a little stronger this morning (1.4129 +0.0048 +0.34% 06:25), which may have an impact on precious metal prices.
Spot gold, palladium, platinum and silver, however, have so far not done a thing: (940.82 -0.68 -0.07% 06:38am ET); (248 0 0.00% 06:35am ET); (1191.5 -0.5 -0.04% 06:37am ET); and (14.02 +0.05 +0.36% 06:38am ET), respectively.
US equity futures were a tad stronger (8478 +20 +0.24% 06:24am ET).
CTA trader’s conference call notes:
A holiday shortened week, pending release of important economic data, and a leadership void in Washington DC, has caused investor hesitation and indecision.
There were however a few potentially noteworthy developments on Monday:
• Big beta stocks were conspicuously weak: Research in Motion (RIMM –1.44%), Amazon (AMZN –0.66%), Apple (AAPL –0.45%), and Google (GOOG –0.28%) all were lower, while the Standard and Poor’s was higher the entire session (S&P +0.91%).
• US treasuries continue to modestly rally off June lows (TLT +0.38%), even as crude oil was well bid all day (USO +3.23%).
• VIX, the fear gauge, hit multi-month lows (VIX –2.24%), as traders sold option premium before the long holiday weekend, reluctant to make long volatility bets with intra-day ranges dramatically narrowing. With investors believing the economy is no longer imploding, the demand for portfolio insurance has decreased, also putting pressure on put premiums.
• The current bounce has retraced +62% of the recent decline, and is once again approaching the May highs of 930.
The end-of-the-quarter window dressing introduces a lot of crosscurrents, movement and volatility having no bearing on the long-term direction of stock prices. Avoid being overly influenced by the artificial noise, focusing on the weekly charts to keep you on the right side of the trend. You need to focus on prices and the technical support and resistance levels, which, as I pointed out this morning in the CC, Colin Twiggs provides at IncredibleCharts.com.
Mr. Market is doing his best to lull us to sleep, which is often the time the majority of us get surprised.
This too shall pass. The equity market has been using time to repair trader confidence. At some point, we will look at prices and admit there is a stable Bull trend in place.
But for now, take the trade set-ups when they materialize, and due to the muted volatility and seeming indifference by the public, continue to restrain your profit targets, taking what the market gives you.
Have a great day. Tomorrow is the first day of the second half of the year. My, how time flies.
International Economics Review
Knobias Cara100 Tables
|
Portfolio GAINERS |
| SYMB | LAST | CHG | %C | VOL |
| MYGN | 36.160 | +1.560 | +4.5 | 2.5M |
| JNPR | 23.630 | +1.000 | +4.4 | 15.3M |
| ABB | 15.990 | +0.550 | +3.6 | 4.2M |
| WHR | 43.720 | +1.350 | +3.2 | 1.3M |
| CCL | 26.090 | +0.740 | +2.9 | 4.4M |
| PTR | 114.000 | +3.020 | +2.7 | 635.6K |
| POT | 95.590 | +2.500 | +2.7 | 8.1M |
| RY | 42.100 | +0.930 | +2.3 | 1.4M |
| SAP | 40.610 | +0.890 | +2.2 | 1.8M |
| XOM | 70.580 | +1.530 | +2.2 | 24.4M |
| ADBE | 28.620 | +0.620 | +2.2 | 4.4M |
| GRMN | 24.160 | +0.520 | +2.2 | 2.8M |
| CTSH | 27.200 | +0.580 | +2.2 | 4.9M |
| BA | 42.650 | +0.770 | +1.8 | 5.5M |
| JCP | 28.890 | +0.520 | +1.8 | 6.4M |
| NKE | 51.750 | +0.910 | +1.8 | 3.5M |
| UTX | 52.470 | +0.920 | +1.8 | 5.1M |
| TS | 27.410 | +0.430 | +1.6 | 1.5M |
| CHRW | 52.630 | +0.770 | +1.5 | 1.4M |
| DB | 62.620 | +0.900 | +1.5 | 716.3K |
| BHP | 55.400 | +0.780 | +1.4 | 3.2M |
| DELL | 13.860 | +0.180 | +1.3 | 15.8M |
| BBY | 34.020 | +0.440 | +1.3 | 4.2M |
| AMAT | 11.050 | +0.140 | +1.3 | 12.6M |
| NOK | 15.010 | +0.190 | +1.3 | 14.6M |
|
|
Portfolio LOSERS |
| SYMB | LAST | CHG | %C | VOL |
| TTM | 9.400 | -0.340 | -3.5 | 1.3M |
| TCK | 16.060 | -0.500 | -3 | 5.3M |
| VCP | 11.000 | -0.330 | -2.9 | 1.9M |
| ABV | 64.680 | -1.830 | -2.8 | 615K |
| PDA | 37.850 | -0.980 | -2.5 | 85K |
| SLW | 8.520 | -0.200 | -2.3 | 3.5M |
| FSLR | 157.200 | -3.520 | -2.2 | 2.9M |
| VIP | 11.930 | -0.260 | -2.1 | 3.9M |
| BMY | 20.570 | -0.390 | -1.9 | 14.5M |
| KSS | 43.410 | -0.690 | -1.6 | 5.5M |
| LLTC | 23.160 | -0.350 | -1.5 | 4.6M |
| RIMM | 69.640 | -1.020 | -1.4 | 13M |
| KB | 33.060 | -0.460 | -1.4 | 290.8K |
| INFY | 37.240 | -0.420 | -1.1 | 2M |
| TM | 75.490 | -0.850 | -1.1 | 542.3K |
| BC | 4.450 | -0.050 | -1.1 | 670.9K |
| AMZN | 83.030 | -0.850 | -1 | 6.3M |
| GSK | 35.470 | -0.330 | -0.9 | 1.4M |
| KGC | 18.760 | -0.160 | -0.8 | 3.9M |
| HDB | 105.370 | -0.560 | -0.5 | 263.8K |
| SNDK | 14.800 | -0.070 | -0.5 | 5.7M |
| COST | 46.200 | -0.210 | -0.5 | 3.5M |
| EXC | 50.480 | -0.220 | -0.4 | 5.7M |
| ERTS | 20.810 | -0.090 | -0.4 | 3.5M |
| OXPS | 15.940 | -0.060 | -0.4 | 207.9K |
|
|
Portfolio 52-Wk HIGHS |
| SYMB | DAY HIGH | LAST | CHG | %CHG | VOL |
| NONE FOUND. | |||||
|
|
Portfolio 52-Wk LOWS |
| SYMB | DAY LOW | LAST | CHG | %CHG | VOL |
| NONE FOUND. | |||||
|
|
Portfolio VOLUME |
| SYMB | LAST | %C | VOL | %ADSV |
| JNPR | 23.630 | +4.4 | 15.3M | +29 |
| PAYX | 25.380 | -0.4 | 6.6M | +29 |
| EXC | 50.480 | -0.4 | 5.7M | +26 |
| GRMN | 24.160 | +2.2 | 2.8M | +21 |
| KSS | 43.410 | -1.6 | 5.5M | +18 |
| MYGN | 36.160 | +4.5 | 2.5M | +16 |
| TEF | 68.660 | +0.7 | 352K | +15 |
| VCP | 11.000 | -2.9 | 1.9M | +11 |
|
Analysts UPGRADES |
| SYMB | ANALYST | OLD | NEW | BEFORE | AFTER | ||
| JCP | Morgan Stanley | --- |
|
35.00 | Equal-weight |
|
Overweight |
| CTSH | Wachovia | --- |
|
--- | Underperform |
|
Mkt Perform |
| • PREVIOUS SESSION | |||||||
| BBBY | SunTrust | --- |
|
--- | Neutral |
|
Buy |
| DB | UBS Painewebber | --- |
|
--- | Neutral |
|
Buy |
|
|
Analysts DOWNGRADES |
| SYMB | ANALYST | OLD | NEW | BEFORE | AFTER | ||
| NONE FOUND. | |||||||
| • PREVIOUS SESSION | |||||||
| NKE | Argus | --- |
|
--- | Buy |
|
Hold |
| BHP | Barclays | --- |
|
--- | Overweight |
|
Equal-weight |
Cara 100 Daily RSI-7 Tables
For interactive tables, go here.
At least one RSI value >70:
| Ticker | Last | RSI-7M | RSI-7W | RSI-7D | Zone |
|---|---|---|---|---|---|
| HDB | 105.37 | 67.52 | 78.80 | 61.58 | |
| ORCL | 21.50 | 63.75 | 71.44 | 64.86 | |
| QCOM | 46.09 | 62.59 | 74.64 | 60.04 | |
| RY | 42.10 | 62.53 | 71.04 | 67.57 | |
| INFY | 37.24 | 61.53 | 78.51 | 63.73 | |
| IBN | 30.80 | 60.74 | 74.00 | 61.57 | |
| BBBY | 31.14 | 58.92 | 66.84 | 72.98 | |
| CTSH | 27.20 | 58.71 | 67.44 | 70.04 | |
| TEF | 68.66 | 58.04 | 76.32 | 75.87 | |
| CHA | 50.35 | 58.01 | 63.96 | 71.94 | |
| ATVI | 12.71 | 57.18 | 70.32 | 57.67 | |
| DEO | 58.84 | 52.76 | 76.87 | 71.62 | |
| DELL | 13.86 | 49.18 | 79.51 | 75.78 | |
| RIO | 17.42 | 46.24 | 74.43 | 72.94 | |
| GRMN | 24.16 | 40.82 | 62.73 | 73.28 |
At least one RSI value <30:
| Ticker | Last | RSI-7M | RSI-7W | RSI-7D | Zone |
|---|
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
NASDAQ Composite (interactive) chart
Table 15: Dow 30 List
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
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
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
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 ETFâs â 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)
Table 2: Senior oil & gas equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
15 (basic materials: XLB)
Table 3: Senior metals and steel equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 13: Senior gold equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
20 (industrial: XLI)
Table 4: Senior capital goods makers and transportation
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
25 (consumer discretionary: XLY)
Table 5: Senior consumer discretionary equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
30 (consumer staples: XLP)
Table 6: Senior consumer staples equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
35 (healthcare: IYH)
Table 7: Senior healthcare equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
40 (financial: XLF)
Table 8: Senior financial company equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
45 (technology, semiconductor: SMH)
Table 9: Senior technology equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 9a: Senior technology equities -- semiconductors/chips
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
50 (telecom: IYZ)
55 (utilities: XLU)
Table 12: US Utilities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
International Equity Market USD-denominated ETF Review
Table 14: International equities perspective
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Japanese equity market ETF: EWJ
Here is the Japanese (EWJ) equity market ETF Daily data charts:
U.K. equity market ETF
Here is the United Kingdom (EWU) equity market ETF Daily data charts:
EWU Daily data:
Canada's equity market
Here is the Canadian (EWC) equity market ETF Daily data charts:
Bonds & Yields Review
Table 10: Yahoo Finance U.S. Treasury Debt, Municipal and Corporate Bond Yields
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 3 Month | 0.15 | 0.14 | 0.16 | 0.11 |
| 6 Month | 0.32 | 0.27 | 0.32 | 0.26 |
| 2 Year | 1.10 | 1.10 | 1.13 | 0.92 |
| 3 Year | 1.60 | 1.62 | 1.73 | 1.40 |
| 5 Year | 2.52 | 2.55 | 2.70 | 2.34 |
| 10 Year | 3.48 | 3.54 | 3.68 | 3.46 |
| 30 Year | 4.28 | 4.34 | 4.44 | 4.33 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 1.25 | 1.49 | 1.25 | 1.30 |
| 2yr AAA | 0.82 | 1.20 | 1.28 | 1.22 |
| 2yr A | 2.12 | 2.35 | 2.33 | 1.70 |
| 5yr AAA | 2.13 | 2.21 | 2.17 | 2.06 |
| 5yr AA | 2.26 | 2.32 | 2.33 | 2.23 |
| 5yr A | 2.81 | 2.72 | 2.76 | 2.43 |
| 10yr AAA | 3.60 | 3.42 | 3.50 | 3.16 |
| 10yr AA | 3.56 | 3.64 | 3.61 | 3.24 |
| 10yr A | 4.12 | 4.34 | 4.37 | 3.76 |
| 20yr AAA | 5.07 | 5.17 | 5.00 | 4.72 |
| 20yr AA | 5.38 | 5.42 | 5.20 | 4.72 |
| 20yr A | 4.94 | 5.12 | 5.26 | 4.89 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 2.36 | 2.08 | 2.44 | 2.43 |
| 2yr A | 3.59 | 3.11 | 3.23 | 3.82 |
| 5yr AAA | 2.96 | 2.95 | 3.15 | 2.93 |
| 5yr AA | 4.09 | 4.00 | 4.33 | 3.69 |
| 5yr A | 4.94 | 4.80 | 5.16 | 4.22 |
| 10yr AAA | 4.34 | 4.35 | 4.51 | 4.84 |
| 10yr AA | 5.07 | 4.91 | 5.27 | 5.01 |
| 10yr A | 6.16 | 5.87 | 6.33 | 5.56 |
| 20yr AAA | 6.06 | 5.83 | 6.02 | 6.37 |
| 20yr AA | 5.55 | 5.32 | 5.51 | 5.86 |
| 20yr A | 6.24 | 6.01 | 6.19 | 6.55 |
Here is the 30-year Treasury Bond chart.
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:
Table 11: Interest-sensitive securities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Consumer Finance -USA -- Interactive Daily Data Charts
Commodities Review
Interactive Chart of Daily CRB Commodities Index:
Interactive Chart of Weekly CRB Commodities Index:
Oil Review
Here is the e-miNY Mar-08 Crude Oil chart.
Interactive Chart of Daily Crude Oil:
Interactive Chart of Weekly Crude Oil:
Gold & Precious Metals Review
Interactive Chart of Daily Gold EOD Continuous Contract Index:
Interactive Chart of Weekly Gold EOD Continuous Contract Index:
Spot silver chart for the week
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:
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.
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.
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.
Table 13: Senior gold equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
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
MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
CBJ SSRI NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
Here are the key Silver miners and the SLV ETF:
SLV CDE HL PAAS SSRI SLW MGN
Here are the Weekly and Daily Data charts of the indexes:
Interactive Chart of Daily U.S. Goldminers Index:
Interactive Chart of Weekly U.S. Goldminers Index:
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:
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:
Forex Review
Here is the chart of the week's trading in the .
Interactive Chart of Daily U.S. Dollar Index:
Interactive Chart of Daily Euro Dollar Index, priced in USD:
Daily British Pound Index:
Daily Japanese Yen Index:
Daily Canadian Dollar Index:
