[8:40am ET] Tuesday was the mirror image of Monday. Monday popped higher at the open and then sidetracked all day, while yesterday plunged at the open and then sidetracked all day. Unless you can see the order flow, or know in advance the tone of the economic data to be published, it makes for a challenging trading day.
At the close Tuesday, the S&P 500 (919.32 -7.91 -0.85%), the DJIA (8,447.00 -82.38 -0.97%), and the NASDAQ (1,835.04 -9.02 -0.49%) were all weaker.
The Toronto Composite (10,374.91 -101.86 -0.97%) and the Toronto Venture Board (1,091.97 -13.59 -1.23%) were also weak on the post Canada Day holiday, ending a string of four winning sessions.
Earlier today, Austral-Asian markets were mixed. China (3,008.2 +1.65%) and India (14,645.5 +1.05%) were very strong on good economic data from China whereas Japan’s Nikkei 225 (9,939.9 -0.19%), and Aussie All Ordinaries (3,872.3 -1.91%) were losers. The Hong Kong market was closed. Commodity prices were higher and that led to much higher share prices in Europe.
As for the European equity bourses, prices were robust at mid day. The French CAC (3,194.1 8:08AM ET +1.71%), German DAX (4,881.9 7:54AM ET +1.52%) and UK FTSE 100 (4,305.1 7:54AM ET +1.31%) were all advancing.
In US trading on the Tuesday, no sectors were higher and only REITs ($DJR +0.6%) was notable among industry groups on the upside. All sectors were down close to -0.9% although the Goldminers ($XAU -3.2%) dropped the most.
The winners among Cara 100s were Electronic Arts and First Solar (ERTS +4.4% FSLR +3.2%), while the losers were by Tata Motors, Starbux, and ICICI Bank (TTM -9.4% SBUX -5.1% IBN -4.2%). TTM had been down -3.5% the previous day as well.
The trade-weighted $USD index was stronger (80.17 +0.31 +0.39%), likely as a result of the Interventionist Fed arresting the growing strength in oil, especially, and precious metals. The Euro (140.35 -0.44 -0.31%), Pound (164.65 -0.93 -0.56%), Yen (103.75 -0.36 -0.35%) and Cdn Loonie (86.01 -0.41 -0.47%) were all soft against the US Dollar.
In quiet bond market trading, the US long Bond was a bit soft ($USB 118.36 -0.20 -0.17%). The yields for 30-year (4.311 +0.04 +0.09%), 10-year (3.523 +0.31 +0.89%), and 5-year (2.558 +0.30 +1.19%) were a tad stronger. Treasury bill yields gained (0.180 +0.20 +12.50%).
After several days of gains, until a small pull-back on Monday, $GOLD pulled back sharply (926.60 -11.20 -1.19%). Crude Oil however was relatively much weaker (69.89 -1.60 -2.24%).
Spot gold, palladium, platinum and silver, however, are in recovery mode this morning: (937.32 +8.47 +0.91% 08:28am ET); (247.0 -1.0 -0.40% 08:26am ET); (1181.5 +9.5 +0.81% 08:26am ET); and (13.6800 +0.0325 +0.24% 08:27am ET), respectively.
CTA trader’s conference call notes:
Manipulators must have infiltrated our blog, targeting big beta tech as a high profile way to get short-term traders to do some heavy lifting for the broad market. Research in Motion (RIMM +2.02%), Amazon, (AMZN +0.98%), and Apple (AAPL +0.46%), all laggards on Monday, were all bid early and often Tuesday, as money managers attempted to goose the market higher into the quarter’s end.
Unfortunately for the merry markers, investors were spooked by a shaky consumer confidence number, lower than analyst estimates, and lower month over month. Persistent selling followed that new data point, with equity markets under pressure most of the day, finally getting a respite in the final half hour as several buy programs hit the tape (S&P –0.85%).
Mainstream media has trumpeted “the bottom is in” call for several months, generational lows at hand. Main Street however, is using the sniff test to confirm better times ahead, and the aroma wafting through their nostrils is more stench than sweet smell of kaimu’s orchids.
The last couple months has seen volatility shrink, the amplitude of swings diminishing, day traders susceptible to being sliced and diced as trends evaporate as quickly as they materialize. When we are all sufficiently worn out, Mr. Market will make his move.
Sometimes you need to walk away from this action, recharging the batteries, conserving enough capital to trade another day.
Today is Canada Day. Well, at least we are finally getting closer to being able to offer trading services to Accredited Investors there. Later, we hope to make exchange traded funds available as well. Canada is my country, eh?
http://en.wikipedia.org/wiki/Canada_Day
As Independence Day nears, Americans ought to re-read the United States Constitution, and the Bill of Rights, and ask themselves if the People on Main Street remain true to their roots or have they all moved to Wall Street or Washington.
Canadians will always be Canadians eh?
International Economics Review
Knobias Cara100 Tables
|
Portfolio GAINERS |
| SYMB | LAST | CHG | %C | VOL |
| ERTS | 21.720 | +0.910 | +4.4 | 11.5M |
| FSLR | 162.200 | +5.000 | +3.2 | 3.5M |
| TGP | 19.500 | +0.390 | +2 | 87K |
| RIMM | 71.050 | +1.410 | +2 | 15.1M |
| EXC | 51.210 | +0.730 | +1.4 | 7.7M |
| INTC | 16.550 | +0.170 | +1 | 67.4M |
| LLTC | 23.370 | +0.210 | +0.9 | 5.2M |
| PDA | 38.180 | +0.330 | +0.9 | 93.2K |
| AMZN | 83.660 | +0.630 | +0.8 | 8M |
| KB | 33.310 | +0.250 | +0.8 | 280K |
| MCD | 57.490 | +0.260 | +0.5 | 7.3M |
| DOW | 16.140 | +0.070 | +0.4 | 11.4M |
| ABV | 64.830 | +0.150 | +0.2 | 644.3K |
| NKE | 51.780 | +0.030 | +0.1 | 2.9M |
| TM | 75.530 | +0.040 | +0.1 | 694.4K |
|
Portfolio LOSERS |
| SYMB | LAST | CHG | %C | VOL |
| TTM | 8.520 | -0.880 | -9.4 | 3.5M |
| SBUX | 13.890 | -0.750 | -5.1 | 21.5M |
| IBN | 29.500 | -1.300 | -4.2 | 2.6M |
| BVN | 24.030 | -1.020 | -4.1 | 1.1M |
| GG | 34.750 | -1.420 | -3.9 | 6.1M |
| SLW | 8.240 | -0.280 | -3.3 | 4M |
| KGC | 18.150 | -0.610 | -3.3 | 4.1M |
| PTR | 110.480 | -3.520 | -3.1 | 706.3K |
| RY | 40.850 | -1.250 | -3 | 1.3M |
| BC | 4.320 | -0.130 | -2.9 | 520.6K |
| NOK | 14.580 | -0.430 | -2.9 | 24.7M |
| DEO | 57.250 | -1.590 | -2.7 | 858.9K |
| POT | 93.050 | -2.540 | -2.7 | 6.6M |
| WHR | 42.560 | -1.160 | -2.7 | 1.5M |
| VCP | 10.710 | -0.290 | -2.6 | 3.3M |
| DB | 61.000 | -1.620 | -2.6 | 1M |
| OXPS | 15.530 | -0.410 | -2.6 | 361.6K |
| ERJ | 16.560 | -0.430 | -2.5 | 391K |
| CEO | 123.030 | -3.130 | -2.5 | 603.6K |
| CHL | 50.080 | -1.170 | -2.3 | 1.3M |
| BDK | 28.660 | -0.660 | -2.3 | 1M |
| PG | 51.100 | -1.130 | -2.2 | 14.4M |
| HDB | 103.130 | -2.240 | -2.1 | 290.7K |
| QCOM | 45.200 | -0.890 | -1.9 | 16.6M |
| MBT | 36.930 | -0.720 | -1.9 | 1.2M |
|
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 |
| TTM | 8.520 | -9.4 | 3.5M | +147 |
| VCP | 10.710 | -2.6 | 3.3M | +97 |
| SBUX | 13.890 | -5.1 | 21.5M | +89 |
| ERTS | 21.720 | +4.4 | 11.5M | +76 |
| EXC | 51.210 | +1.4 | 7.7M | +71 |
| MYGN | 35.650 | -1.4 | 3.5M | +66 |
| CEO | 123.030 | -2.5 | 603.6K | +53 |
| KO | 47.990 | -0.6 | 15.7M | +46 |
| NOK | 14.580 | -2.9 | 24.7M | +38 |
| JNPR | 23.610 | -0.1 | 16.2M | +35 |
| DEO | 57.250 | -2.7 | 858.9K | +29 |
| GRMN | 23.820 | -1.4 | 3M | +25 |
| TM | 75.530 | +0.1 | 694.4K | +23 |
| BMY | 20.310 | -1.3 | 16.6M | +23 |
| PTR | 110.480 | -3.1 | 706.3K | +20 |
| AMZN | 83.660 | +0.8 | 8M | +20 |
| TEF | 67.890 | -1.1 | 336.6K | +20 |
| KSS | 42.750 | -1.5 | 5.3M | +18 |
| JNJ | 56.800 | -0.3 | 16M | +17 |
| INTC | 16.550 | +1 | 67.4M | +16 |
| UTX | 51.960 | -1 | 7M | +14 |
| PG | 51.100 | -2.2 | 14.4M | +11 |
| FSLR | 162.200 | +3.2 | 3.5M | +11 |
|
|
Analysts UPGRADES |
| SYMB | ANALYST | OLD | NEW | BEFORE | AFTER | ||
| AMZN | SG Cowen | --- |
|
--- | Neutral |
|
Outperform |
| ERTS | Banc of Amer | 25.00 |
|
26.00 | Neutral |
|
Buy |
| • PREVIOUS SESSION | |||||||
| JCP | Morgan Stanley | --- |
|
35.00 | Equal-weight |
|
Overweight |
| CTSH | Wachovia | --- |
|
--- | Underperform |
|
Mkt Perform |
|
Analysts DOWNGRADES |
| SYMB | ANALYST | OLD | NEW | BEFORE | AFTER | ||
| NONE FOUND. | |||||||
| • PREVIOUS SESSION | |||||||
| NONE FOUND. | |||||||
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 | 103.13 | 65.32 | 71.88 | 54.90 | |
| ABV | 64.83 | 64.03 | 72.40 | 49.82 | |
| WBK | 80.60 | 58.03 | 74.27 | 59.00 | |
| TEF | 67.89 | 57.38 | 73.20 | 65.53 | |
| TGP | 19.50 | 57.02 | 71.70 | 68.43 | |
| DEO | 57.25 | 49.50 | 74.50 | 52.18 | |
| DELL | 13.73 | 48.28 | 79.19 | 69.33 | |
| RIO | 17.42 | 46.24 | 74.43 | 72.94 |
At least one RSI value <30:
| Ticker | Last | RSI-7M | RSI-7W | RSI-7D | Zone |
|---|---|---|---|---|---|
| PAYX | 25.20 | 42.65 | 35.46 | 29.15 | |
| APA | 72.15 | 43.53 | 43.18 | 28.83 | |
| TTM | 8.52 | 51.94 | 52.88 | 26.39 |
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 | 0.14 | 0.15 | 0.17 | 0.11 |
| 6 Month | 0.32 | 0.32 | 0.32 | 0.26 |
| 2 Year | 1.11 | 1.10 | 1.09 | 0.92 |
| 3 Year | 1.61 | 1.60 | 1.70 | 1.40 |
| 5 Year | 2.55 | 2.52 | 2.67 | 2.34 |
| 10 Year | 3.53 | 3.48 | 3.62 | 3.46 |
| 30 Year | 4.33 | 4.28 | 4.36 | 4.33 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 1.22 | 1.25 | 1.17 | 1.30 |
| 2yr AAA | 0.82 | 0.82 | 1.10 | 1.22 |
| 2yr A | 2.42 | 2.12 | 2.33 | 1.70 |
| 5yr AAA | 2.02 | 2.13 | 2.12 | 2.06 |
| 5yr AA | 2.21 | 2.26 | 2.28 | 2.23 |
| 5yr A | 2.72 | 2.81 | 2.62 | 2.43 |
| 10yr AAA | 3.51 | 3.60 | 3.34 | 3.16 |
| 10yr AA | 3.54 | 3.56 | 3.54 | 3.24 |
| 10yr A | 4.15 | 4.12 | 4.21 | 3.76 |
| 20yr AAA | 5.07 | 5.07 | 5.26 | 4.72 |
| 20yr AA | 5.34 | 5.38 | 5.20 | 4.72 |
| 20yr A | 4.91 | 4.94 | 5.18 | 4.89 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 2.32 | 2.36 | 2.33 | 2.43 |
| 2yr A | 3.54 | 3.59 | 3.29 | 3.82 |
| 5yr AAA | 2.98 | 2.96 | 3.12 | 2.93 |
| 5yr AA | 4.18 | 4.09 | 4.29 | 3.69 |
| 5yr A | 5.02 | 4.94 | 5.25 | 4.22 |
| 10yr AAA | 4.39 | 4.34 | 4.48 | 4.84 |
| 10yr AA | 5.06 | 5.07 | 5.22 | 5.01 |
| 10yr A | 6.11 | 6.16 | 6.26 | 5.56 |
| 20yr AAA | 6.05 | 6.06 | 6.08 | 6.37 |
| 20yr AA | 5.54 | 5.55 | 5.57 | 5.86 |
| 20yr A | 6.23 | 6.24 | 6.26 | 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:





