Weekly Market Summary

=====================

Index 07/11/14 Wk Chng Week % Mn Chng Mnth % Yr Chng Year % 2K Chng* 2000 %

------ -------- ------- ------ ------- ------ ------- ------ -------- ------

Dow30 16943.81 -124.45 -0.7% 117.21 0.7% 367.15 2.2% 5446.69 47.4%

Trans 8254.31 -40.43 -0.5% 52.01 0.6% 853.74 11.5% 5277.11 177.3%

Utils 559.43 5.16 0.9% -16.55 -2.9% 68.86 14.0% 276.07 97.4%

S&P500 1967.57 -17.87 -0.9% 7.34 0.4% 119.21 6.4% 498.32 33.9%

Nasdaq 4415.49 -70.43 -1.6% 7.31 0.2% 238.90 5.7% 346.18 8.5%

NYSE 10936.35 -168.37 -1.5% -43.07 -0.4% 536.02 5.2% N/A N/A

Rus2000 1159.93 -48.22 -4.0% -33.03 -2.8% -3.71 -0.3% 655.18 129.8%

Amex 2797.87 -35.57 -1.3% 18.99 0.7% 371.67 15.3% 1929.13 222.1%

Val Lne 4540.93 -123.42 -2.6% -65.31 -1.4% 161.42 3.7% 3515.13 342.7%

30Yr Tr 33.43 -1.40 4.0% 0.05 -0.1% -6.21 15.7% -31.37 48.4%

Bnk Idx 70.97 -1.41 -1.9% -0.34 -0.5% 1.71 2.5% -6.03 -7.8%

MSH 35 963.57 -13.58 -1.4% 4.20 0.4% 59.79 6.6% 42.79 4.6%

Conum 201.21 -7.18 -3.4% -5.43 -2.6% -2.11 -1.0% N/A N/A

Cyclica 1623.90 0.00 0.0% 26.07 1.6% 142.99 9.7% 1038.12 177.2%

Airline 86.25 0.76 0.9% 1.24 1.5% 16.49 23.6% -67.23 -43.8%

Retail 899.40 -11.76 -1.3% 10.74 1.2% -40.40 -4.3% N/A N/A

* Change since 12/31/1999

Winners-Losers 8-22 20-10 21-9

Dow Industrials Jul-11 Wk Chg Week % Mn Chg Mnth % Yr Chg Year %

--------------- ------ ------ ------ ------ ------ ------ ------

Home Depot 79.61 -2.44 -3.0% -1.35 -1.7% -1.78 -2.2%

Goldman Sachs 164.80 -4.66 -2.7% -2.64 -1.6% -11.26 -6.4%

JP Morgan Chase 55.80 -1.25 -2.2% -1.82 -3.2% -1.54 -2.7%

Chevron-Texaco 128.47 -2.72 -2.1% -2.08 -1.6% 5.71 4.7%

Pfizer 30.07 -0.46 -1.5% 0.39 1.3% -0.04 -0.1%

Nike 77.29 -1.16 -1.5% -0.26 -0.3% -0.86 -1.1%

American Exprss 94.47 -1.37 -1.4% -0.40 -0.4% 4.45 4.9%

DuPont 64.89 -0.91 -1.4% -0.55 -0.8% 0.80 1.2%

Merck 58.44 -0.76 -1.3% 0.59 1.0% 9.15 18.6%

United Tech 114.13 -1.40 -1.2% -1.32 -1.1% 1.49 1.3%

General Electrc 26.55 -0.31 -1.2% 0.27 1.0% -1.01 -3.7%

Caterpillar 109.96 -1.12 -1.0% 1.29 1.2% 20.27 22.6%

Exxon-Mobil 101.74 -0.85 -0.8% 1.06 1.1% 1.93 1.9%

Minn Mining Mnf 144.31 -1.10 -0.8% 1.07 0.7% 5.83 4.2%

Coca-Cola 41.97 -0.26 -0.6% -0.39 -0.9% 1.29 3.2%

McDonald's 100.37 -0.61 -0.6% -0.37 -0.4% 4.93 5.2%

UnitedHealth 82.87 -0.48 -0.6% 1.12 1.4% 8.19 11.0%

Boeing 128.09 -0.42 -0.3% 0.86 0.7% -6.88 -5.1%

Johnson-Johnson 105.10 -0.32 -0.3% 0.48 0.5% 14.79 16.4%

IBM 188.00 -0.53 -0.3% 6.73 3.7% 2.53 1.4%

AT&T 35.76 -0.08 -0.2% 0.40 1.1% 1.95 5.8%

Travelers 94.68 -0.16 -0.2% 0.61 0.6% 5.20 5.8%

Disney 86.89 0.05 0.1% 1.15 1.3% 10.49 13.7%

Visa 217.00 0.49 0.2% 6.29 3.0% -4.86 -2.2%

Intel 31.25 0.11 0.4% 0.35 1.1% 5.75 22.5%

Microsoft 42.09 0.29 0.7% 0.39 0.9% 5.22 14.2%

Verizon Comm 50.32 0.61 1.2% 1.39 2.8% 2.76 5.8%

Cisco 25.52 0.33 1.3% 0.86 3.5% 3.62 16.5%

Wal-Mart 76.82 1.07 1.4% 1.75 2.3% -0.88 -1.1%

Procter-Gamble 81.16 1.18 1.5% 2.57 3.3% 1.00 1.2%

Fiend's Prime-25©

-----------------

Winners-Losers 6-19 19-6 18-7

Company Jul-11 Wk Chg Week % Mn Chg Month Yr Chg Year %

--------------- --------- ------- ------ ------- ------ ------- ------

Bank of America 15.38 -0.65 -4.1% 0.01 0.1% -0.17 -1.1%

Oracle 40.13 -1.21 -2.9% -0.40 -1.0% 2.22 5.9%

Wells Fargo 51.49 -1.51 -2.8% -1.07 -2.0% 6.72 15.0%

Citigroup 47.00 -1.24 -2.6% -0.10 -0.2% -5.09 -9.8%

JP Morgan Chase 55.80 -1.25 -2.2% -1.82 -3.2% -1.54 -2.7%

Chevron-Texaco 128.47 -2.72 -2.1% -2.08 -1.6% 5.71 4.7%

Qualcomm 79.60 -1.39 -1.7% 0.40 0.5% 6.08 8.3%

Pfizer 30.07 -0.46 -1.5% 0.39 1.3% -0.04 -0.1%

Merck 58.44 -0.76 -1.3% 0.59 1.0% 8.95 18.1%

General Elctrc 26.55 -0.31 -1.2% 0.27 1.0% -1.01 -3.7%

Google 579.18 -5.55 -0.9% 3.90 0.7% 18.82 3.4%

Exxon-Mobil 101.74 -0.85 -0.8% 1.06 1.1% 1.93 1.9%

Coca Cola 41.97 -0.26 -0.6% -0.39 -0.9% 1.29 3.2%

Berkshire Hath 192900.00 -700 -0.4% 3000 1.6% 15000 8.4%

Philip Morris 85.41 -0.28 -0.3% 1.10 1.3% 0.19 0.2%

Johnson-Johnson 105.10 -0.32 -0.3% 0.48 0.5% 14.79 16.4%

IBM 188.00 -0.53 -0.3% 6.73 3.7% 2.53 1.4%

AT&T 35.76 -0.08 -0.2% 0.40 1.1% 1.85 5.5%

Pepsico 89.85 -0.17 -0.2% 0.51 0.6% 8.10 9.9%

Microsoft 42.09 0.29 0.7% 0.39 0.9% 5.22 14.2%

Verizon Comm 50.32 0.61 1.2% 1.39 2.8% 2.76 5.8%

Apple Comp 95.22 1.19 1.3% 2.29 2.5% 15.99 20.2%

Wal-Mart 76.82 1.07 1.4% 1.75 2.3% -0.88 -1.1%

Procter-Gamble 81.16 1.18 1.5% 2.57 3.3% 1.00 1.2%

Amazon.com 346.20 8.71 2.6% 21.42 6.6% -52.59 -13.2%

Prime-25© 5992.92 -33.89 -0.6% 57.40 1.0% 302.88 5.3%

RNK Company (Bil) P/E Yield Symb Sector

--- ----------------- ------ ------- ----- ---- ---------------

1. Apple Comp $574 15.98 1.87% AAPL Technology

2. Exxon-Mobil $436 13.86 2.54% XOM Energy

3. Google $391 30.34 0.00% GOOG Technology

4. Microsoft $348 15.76 2.54% MSFT Technology

5. Berkshire Hath $309 16.44 0.00% BRK-A Financial

6. Johnson-Johnson $297 20.10 2.55% JNJ Healthcare

7. Wells Fargo $270 12.81 2.43% WFC Financial

8. General Elctrc $266 21.76 3.20% GE Conglomerate

9. Wal-Mart $247 15.87 2.47% WMT Services

10. Chevron-Texaco $244 12.51 3.17% CVX Energy

11. Procter-Gamble $220 21.64 3.02% PG Consumer

12. JP Morgan Chase $211 13.81 2.76% JPM Financial

13. Verizon Comm $208 11.23 4.21% VZ Services

14. Pfizer $192 9.34 3.33% PFE Healthcare

15. IBM $190 12.85 2.10% IBM Technology

16. AT&T $186 10.43 5.12% T Services

17. Coca Cola $185 22.44 2.79% KO Consumer

18. Oracle $179 16.79 1.20% ORCL Technology

19. Merck $171 38.45 2.99% MRK Healthcare

20. Bank of America $162 19.97 0.26% BAC Financial

21. Amazon.com $159 540.94 0.00% AMZN Technology

22. Citigroup $143 10.80 0.09% C Financial

23. Pepsico $137 20.28 2.63% PEP Consumer

24. Qualcomm $135 19.95 1.85% QCOM Technology

25. Philip Morris $134 16.55 4.40% PM Energy

_ Prime-25© $5,993 16.29 2.22%

Currencies

----------

Sep

Crrncy Jul-11 Wk Chg Week % Mn Chg Mnth % Yr Chg Year % 2K Chng* 2000 %

------ ------- ------- ------ ------ ------ ------ ------ -------- ------

Pound 171.08 -0.31 -0.2% 0.13 0.1% 5.77 3.5% 9.18 5.7%

SwFrnc 112.15 0.22 0.2% -0.72 -0.6% -0.62 -0.5% 48.68 76.7%

Euro 136.12 0.06 0.0% -0.86 -0.6% -1.80 -1.3% 34.51 34.0%

Yen 98.73 0.85 0.9% -0.07 -0.1% 3.58 3.8% -0.19 -0.2%

US Dlr 80.23 -0.05 -0.1% 0.42 0.5% -0.29 -0.4% -21.19 -20.9%

Commodities

-----------

Aug

Cmmdty Jul-11 Wk Chg Week % Mn Chg Mnth % Yr Chg Year % 2K Chng* 2000 %

------ -------- ------- ------ ------- ------ ------- ------ -------- ------

Gold $1337.40 $16.10 1.2% $15.40 1.2% $133.20 11.1% $1047.80 361.8%

XAU 104.07 2.59 2.6% 3.21 3.2% 19.92 23.7% 36.1 53.1%

Oil $100.83 -$2.94 -2.8% -$4.54 -4.3% $5.23 5.5% $75.23 293.9%

XOI 1656.93 -31.77 -1.9% -24.90 -1.5% 153.79 10.2% 1153.93 229.4%

CRB 297.07 -9.67 -3.2% -11.15 -3.6% 16.90 6.0% 91.93 44.8%

Foreign Markets

---------------

Exchng Jul-11 Week Chg Week % Mnth Chg Mnth % Year Chg Year % 2K Chng* 2000 %

------ -------- -------- ------ -------- ------ -------- ------ -------- ------

TSX 15125.50 -89.46 -0.6% -20.51 -0.1% 1503.95 11.0% 6711.75 79.8%

IPC 43481.83 -36.23 -0.1% 744.66 1.7% 754.74 1.8% 36351.95 509.9%

BVSP 54785.93 730.03 1.4% 1617.71 3.0% 3278.77 6.4% 37693.93 220.5%

FTSE 6690.17 -175.88 -2.6% -53.77 -0.8% -58.92 -0.9% -240.03 -3.5%

CAC-40 4316.50 -152.48 -3.4% -106.34 -2.4% 20.55 0.5% -1641.82 -27.6%

DAX 9666.34 -342.74 -3.4% -166.73 -1.7% 114.18 1.2% 2708.20 38.9%

Swiss 8468.52 -209.70 -2.4% -86.00 -1.0% 265.54 3.2% 898.42 11.9%

Nikkei 15164.04 -273.09 -1.8% 1.94 0.0% -1127.27 -6.9% -3770.30 -19.9%

HngSng 23233.45 -312.91 -1.3% 42.73 0.2% -11.42 0.0% 6271.35 37.0%

AllOrd 5474.60 -37.20 -0.7% 92.60 1.7% 121.50 2.3% 2322.10 73.7%

* Change since 12/31/1999

Market Internals

================

Current Data

------------

NYSE Adv/Dec Line: 29877 -144

DJIA 50 Day MA: 16,748 - above since 05/21/14; Momentum: +43 -25

DJIA 200 Day MA: 16,183 - above since 02/06/14; Momentum: +50 +2

DJIA is 5% above its 200 DMA

Trends

------

1-4 wks 1-6 mnths 6-18+ mnths

Short Term Intermediate Term Long Term

Dow Industrials: Up Up Up

Nasdaq: Up Up Up

Bear Troughs

------------

NYSE Nasdaq

20 (10/28/97) 21 (05/27/98)

16 (09/24/01) 21 (07/16/96)

17 (04/27/98) 18 (11/20/00)

16 (01/28/00) 18 (02/25/99)

13 (02/25/99) 18 (04/04/00)

12 (04/11/97) 13 (02/10/99)

11 (10/15/99) 10 (09/20/01)

11 (07/17/96) 9 (11/22/00)

10 (10/13/98) 5 (10/09/02)

10 (07/24/02) 4 (07/24/02)

9 (09/24/99) 4 (04/17/00)

New Highs: 7 (05/11/04) 1 (10/08/98)

4 (10/24/08)

New Lows: 2,041 (10/08/08)*

1,850 (10/06/08)

1,439 (08/08/11)

1,183 (08/31/98) 1,326 (10/09/98)**

1,181 (07/15/08) 1,263 (08/31/98)

1,105 (09/17/08) 982 (01/22/08)

1,099 (01/22/08) 791 (07/16/96)

917 (07/24/02) 788 (12/20/00)

860 (05/10/04) 737 (09/21/01)

784 (09/21/01) 704 (08/08/11)

* highest of all time!

** highest since 10/87 (2,101)

17467 (07/15/08); lowest since 11/06

15363 (11/20/08); lowest since 11/05

15301 (03/09/09); lowest since 11/05

8126 (10/27/97)

7741 (02/17/99)

7705 (10/08/98)

7599 (08/06/99)

7597 (04/07/99)

7548 (07/23/02)

7474 (10/09/02)

7238 (04/14/97)

6926 (09/21/01)

6731 (03/22/01)

6613 (07/24/96)

6384 (10/18/00)

NYSE Adv/Dec Line: 6368 (03/14/00); lowest since 11/95

-818 (11/20/08); lowest since 1930s!

-531 (03/02/09); lowest since 11/08

-478 (08/05/02); lowest since 12/87

-413 (09/20/01); lowest since 09/90

-383 (10/08/08); lowest since 08/02

-361 (10/01/98); lowest since 10/90

DJIA 50 Day MA: -320 (07/14/08); lowest since 10/02

DJIA 200 Day MA: -324 (03/05/09); lowest since 08/32

-213 (10/10/08); lowest since 12/74

-158 (03/11/03); lowest since 05/88

-157 (10/07/08); lowest since 03/03

-146 (10/09/02); lowest since 06/88

-117 (07/28/08); lowest since 03/03

-114 (09/21/01); lowest since 07/88

DJIA 50 DMA below 200 DMA (09/17/98); first time since 09/94

(11/30/99)

(03/10/00)

(11/15/00)

(02/28/01)

(08/10/01)

(07/23/04)

(08/24/11)

DJIA at 34% below its 200 DMA (11/20/08); lowest since 1930s!

DJIA at 34% below its 200 DMA (03/05/09); lowest since 11/08

DJIA at 23% below its 200 DMA (10/09/02); lowest since 12/87

DJIA at 23% below its 200 DMA (10/08/08); lowest since 10/02

DJIA at 21% below its 200 DMA (09/21/01); lowest since 12/87

DJIA at 21% below its 200 DMA (07/19/02); lowest since 09/01

DJIA at 18% below its 200 DMA (10/06/08); lowest since 10/02

DJIA at 15% below its 200 DMA (09/29/08); lowest since 10/02

DJIA at 14% below its 200 DMA (07/15/08); lowest since 10/02

VXO (VIX) at 87.24 on (11/20/08); highest since October 1987.

VXO (VIX) at 50.13 on (08/08/11)

Bull Peaks

----------

NYSE Nasdaq

646 (04/23/10); highest since 11/82

631 (10/03/97)

627 (12/01/03)

581 (06/06/03)

537 (07/03/97)

524 (12/02/04) 514 (01/20/04)**

363 (04/11/02) 500 (07/16/97)

357 (11/25/96) 499 (05/14/96)

New Highs: 348 (12/04/95) 465 (09/03/03)

New Lows: 5 (01/12/01) 28 (07/18/95)

4 (06/06/97) 26 (02/25/98)

3 (04/22/96) 13 (01/12/01)

3 (01/31/01) 13 (07/07/99)

1 (06/06/03) 11 (04/30/01)

0 (01/16/04)* 8 (09/24/97)

6 (01/09/02)

*lowest recorded on this page 1 (06/12/03)*

**highest recorded on this page

NYSE Adv/Dec Line: 30033 (07/01/14); all time high

23866 (07/07/11)

8848 (04/03/98)

8747 (05/03/02)

7502 (03/11/97)

6985 (05/22/96)

DJIA 50 Day MA: 487 (05/19/09); highest since 10/82

369 (06/13/97); highest since 11/82

362 (05/08/09); highest since 06/97

326 (12/03/01); highest since 05/99

DJIA 200 Day MA: 214 (12/21/09); highest since 05/83

176 (06/17/99); highest since 08/87

153 (12/23/03); highest since 07/99

DJIA at 22% above its 200 DMA (05/03/99); highest since 04/87

DJIA at 20% above its 200 DMA (11/11/09); highest since 05/99

VXO (VIX) at 9.05 on (01/24/07); lowest since December 1993.

VXO (VIX) at 13.45 on (04/21/11); lowest since June 2007 (12.51)

VXO (VIX) at 12.37 on (09/21/12); lowest since April 2007 (12.05)

VXO (VIX) at 10.97 on (03/15/13); lowest since January 2007 (9.05)

VXO (VIX) at 10.94 on (08/05/13); lowest since January 2007 (9.05)

VXO (VIX) at 10.93 on (10/27/13); lowest since January 2007 (9.05)

VXO (VIX) at 8.51 on (07/03/14); lowest since December 1993.

(updated 07/11/14)

DJIA P/E ratio: 15.42; earnings $1098.60 - dividend yield 2.16%

S&P 500 P/E ratio: 19.51; earnings $100.85 - dividend yield 2.00%

-----------------------------------------------------------------------------------------

Market Sentiment

================

Investment Advisers

-------------------

Week ending 07/09/14

AAII Investor Sentiment Survey: 37.6% Bulls, 28.7% Bears; previous week 38.5%, 22.4%

Mutual Funds

------------

Equity Inflows (ICI):

for May: +$0.6 bil ( -$7.3 bil U.S.)

for Apr: +$4.5 bil ( -$1.3 bil U.S.)

for Mar: +$10.5 bil ( +$1.9 bil U.S.)

for Feb: +$19.4 bil ( +$9.7 bil U.S.)

2014 for Jan: +$23.9 bil ( +$7.1 bil U.S.)

for Dec: -$30.7 bil ( -$26.3 bil U.S.) for Dec: +$0.2 billion ( -$11.8 bil U.S.)

for Nov: -$23.2 bil ( -$19.3 bil U.S.) for Nov: +$22.5 billion ( +$6.3 bil U.S.)

for Oct: -$16.4 bil ( -$14.5 bil U.S.) for Oct: +$20.7 billion ( +$8.0 bil U.S.)

for Sep: -$24.4 bil ( -$19.8 bil U.S.) for Sep: +$2.6 billion ( -$4.6 bil U.S.

for Aug: -$18.3 bil ( -$14.4 bil U.S.) for Aug: +$7.1 billion ( -$1.3 bil U.S.)

for Jul: -$9.5 bil ( -$9.4 bil U.S.) for Jul: +$18.3 billion ( +$8.5 bil U.S.)

for Jun: -$6.3 bil ( -$9.0 bil U.S.) for Jun: +$0.1 billion ( -$6.6 bil U.S.)

for May: -$9.8 bil ( -$12.9 bil U.S.) for May: +$5.5 billion ( -$4.0 bil U.S.)

for Apr: -$5.9 bil ( -$14.9 bil U.S.) for Apr: +$4.3 billion ( -$1.4 bil U.S.)

for Mar: -$9.8 bil ( -$11.8 bil U.S.) for Mar: +$14.5 billion ( +$2.1 bil U.S.)

for Feb: +$1.4 bil ( -$1.7 bil U.S.) for Feb: +$14.2 billion ( -$1.4 bil U.S.)

2012 for Jan: -$0.4 bil ( -$2.1 bil U.S.) 2013 for Jan: +$37.9 billion ( +$18.4 bil U.S.)

for Dec: +$0.9 bil ( -$12.9 bil U.S.) for Dec: -$28.8 billion ( -$19.9 bil U.S.)

for Nov: +$0.5 bil ( -$6.4 bil U.S.) for Nov: -$18.6 billion ( -$14.3 bil U.S.)

for Oct: -$0.0 bil ( -$7.2 bil U.S.) for Oct: -$20.4 billion ( -$18.0 bil U.S.)

for Sep: -$10.6 bil ( -$14.4 bil U.S.) for Sep: -$13.4 billion ( -$14.4 bil U.S.)

for Aug: -$16.5 bil ( -$15.6 bil U.S.) for Aug: -$29.5 billion ( -$26.2 bil U.S.)

for Jul: -$10.5 bil ( -$11.2 bil U.S.) for Jul: -$31.1 billion ( -$28.1 bil U.S.)

for Jun: -$5.6 bil ( -$7.5 bil U.S.) for Jun: -$23.0 billion ( -$20.7 bil U.S.)

for May: -$24.7 bil ( -$19.1 bil U.S.) for May: -$5.0 billion ( -$7.0 bil U.S.)

for Apr: +$13.9 bil ( +$5.3 bil U.S.) for Apr: +$6.8 billion ( +$2.8 bil U.S.)

for Mar: +$11.5 bil ( +$3.1 bil U.S.) for Mar: +$2.1 billion ( -$5.0 bil U.S.)

for Feb: +$0.6 bil ( -$4.5 bil U.S.) for Feb: +$12.9 billion ( +$9.3 bil U.S.)

2010 for Jan: +$16.9 bil ( +$6.8 bil U.S.) 2011 for Jan: +$19.7 billion ( +$11.5 bil U.S.)

for Dec: -$20.4 bil ( -$10.2 bil U.S.) for Dec: -$3.5 billion ( -$8.9 bil U.S.)

for Nov: -$20.0 bil ( -$11.3 bil U.S.) for Nov: -$2.6 billion ( -$8.8 bil U.S.)

for Oct: -$72.4 bil ( -$47.5 bil U.S.) for Oct: -$7.1 billion ( -$14.9 bil U.S.)

for Sep: -$56.4 bil ( -$33.6 bil U.S.) for Sep: -$10.4 billion ( -$11.3 bil U.S.)

for Aug: -$19.7 bil ( -$2.3 bil U.S.) for Aug: +$4.0 billion ( -$1.9 bil U.S.)

for Jul: -$27.4 bil ( -$19.6 bil U.S.) for Jul: +$9.2 billion ( +$2.3 bil U.S.)

for Jun: -$4.8 bil ( -$3.6 bil U.S.) for Jun: +$12.2 billion ( +$5.7 bil U.S.)

for May: +$15.9 bil ( +$8.5 bil U.S.) for May: +$18.4 billion ( +$14.1 bil U.S.)

for Apr: +$12.2 bil ( +$6.1 bil U.S.) for Apr: +$11.9 billion ( +$9.4 bil U.S.)

for Mar: -$9.4 bil ( -$8.3 bil U.S.) for Mar: -$27.2 billion ( -$16.2 bil U.S.)

for Feb: +$9.6 bil ( -$3.6 bil U.S.) for Feb: -$24.9 billion ( -$14.1 bil U.S.)

2008 for Jan: -$44.9 bil ( -$35.6 bil U.S.) 2009 for Jan: +$8.9 billion ( +6.7 bil U.S.)

for Dec: +$10.1 bil ( -$3.4 bil U.S.) for Dec: +$2.1 billion ( -$7.2 bil U.S.)

for Nov: +$10.8 bil ( -$0.2 bil U.S.) for Nov: -$9.9 billion ( -$14.6 bil U.S.)

for Oct: +$12.7 bil ( +$0.8 bil U.S.) for Oct: +$11.3 billion ( -$3.7 bil U.S.)

for Sep: +$6.6 bil ( -$2.9 bil U.S.) for Sep: +$7.5 billion ( -$4.1 bil U.S.)

for Aug: +$5.1 bil ( -$3.7 bil U.S.) for Aug: -$15.5 billion ( -$17.4 bil U.S.)

for Jul: +$0.7 bil ( -$4.1 bil U.S.) for Jul: +$10.8 billion ( -$4.1 bil U.S.)

for Jun: -$8.4 bil ( -$9.4 bil U.S.) for Jun: +$5.5 billion ( -$3.3 bil U.S.)

for May: +$3.2 bil ( -$5.9 bil U.S.) for May: +$1.3 billion ( -$10.0 bil U.S.)

for Apr: +$26.3 bil ( +$8.0 bil U.S.) for Apr: +$18.2 billion ( +$1.7 bil U.S.)

for Mar: +$34.4 bil ( +$15.7 bil U.S.) for Mar: +$8.1 billion ( +$1.1 bil U.S.)

for Feb: +$27.4 bil ( +$8.3 bil U.S.) for Feb: +$26.3 billion ( +$10.5 bil U.S.)

2006 for Jan: +$31.6 bil ( +$8.2 bil U.S.) 2007 for Jan: +$29.2 billion ( +$7.2 bil U.S.)

for Dec: +$9.8 bil ( -$2.5 bil U.S.) for Dec: +$10.3 billion

for Nov: +$21.0 bil ( +$9.0 bil U.S.) for Nov: +$21.4 billion

for Oct: +$6.5 bil ( -$2.9 bil U.S.) for Oct. +$7.2 billion

for Sep: +$7.9 bil ( -$1.2 bil U.S.) for Sep: +$10.2 billion

for Aug: +$6.3 bil ( -$1.9 bil U.S.) for Aug: +$1.2 billion

for Jul: +$10.0 bil ( +$5.3 bil U.S.) for Jul: +$9.4 billion

for Jun: +$6.2 bil ( +$1.7 bil U.S.) for Jun: +$10.4 billion

for May: +$11.2 bil ( +$5.2 bil U.S.) for May: +$0.4 billion

for Apr: +$8.6 bil ( +$2.5 bil U.S.) for Apr: +$23.0 billion

for Mar: +$15.1 bil ( +$3.3 bil U.S.) for Mar: +$16.0 billion

for Feb: +$22.2 bil (+$10.5 bil U.S.) for Feb: +$26.2 billion

2005 for Jan: +$10.0 bil ( +$1.9 bil U.S.) 2004 for Jan: +$43.0 billion

for Dec: +$14.7 billion for Dec: -$8.3 billion

for Nov: +$14.9 billion for Nov: +$7.0 billion

for Oct: +$25.3 billion for Oct: -$7.5 billion

for Sep: +$17.3 billion for Sep: -$16.1 billion

for Aug: +$23.4 billion for Aug: -$3.1 billion

for Jul: +$21.5 billion for Jul: -$52.6 billion

for Jun: +$18.6 billion for Jun: -$18.0 billion

for May: +$11.9 billion for May: +$4.9 billion

for Apr: +$16.1 billion for Apr: +$12.9 billion

for Mar: -$0.3 billion for Mar: +$29.6 billion

for Feb: -$11.1 billion for Feb: +$5.4 billion

2003 for Jan: -$0.4 billion 2002 for Jan: +$20.0 billion

for Dec: +$2.9 billion for Dec: +$11.6 billion

for Nov: +$15.3 billion for Nov: +$5.5 billion

for Oct: +$0.9 billion for Oct: +$19.2 billion

for Sep: -$30.0 billion for Sep: +$17.3 billion

for Aug: -$4.8 billion for Aug: +$24.0 billion

for Jul: -$1.2 billion for Jul: +$17.3 billion

for Jun: +$10.8 billion for Jun: +$22.1 billion

for May: +$18.1 billion for May: +$17.0 billion

for Apr: +$19.2 billion for Apr: +$34.0 billion

for Mar: -$20.7 billion for Mar: +$39.4 billion

for Feb: -$3.3 billion for Feb: +$53.7 billion

2001 for Jan: +$25.1 billion 2000 for Jan: +$40.9 billion

for Dec: +$25.0 billion for Dec: +$3.2 billion

for Nov: +$19.1 billion for Nov: +$12.8 billion

for Oct: +$21.0 billion for Oct: +$2.5 billion

for Sep: +$10.8 billion for Sep: +$6.5 billion

for Aug: +$8.9 billion for Aug: -$11.7 billion

for Jul: +$12.4 billion for Jul: +$19.3 billion

for Jun: +$19.1 billion for Jun: +$19.2 billion

for May: +$15.0 billion for May: +$19.3 billion

for Apr: +$25.8 billion for Apr: +$26.5 billion

for Mar: +$12.6 billion for Mar: +$22.9 billion

for Feb: +$0.7 billion for Feb: +$24.2 billion

1999 for Jan: +$17.1 billion 1998 for Jan: +$14.0 billion

1997 for Dec: +$15.5 billion 1996 for Dec: +$12.2 billion

for Nov: +$18.2 billion for Nov: +$17.1 billion

for Oct: +$18.5 billion Index 07/18/14 Wk Chng Week % Mn Chng Mnth % Yr Chng Year % 2K Chng* 2000 %

------ -------- ------- ------ ------- ------ ------- ------ -------- ------

Dow30 17100.18 156.37 0.9% 273.58 1.6% 523.52 3.2% 5603.06 48.7%

Trans 8385.40 131.09 1.6% 183.10 2.2% 984.83 13.3% 5408.20 181.7%

Utils 559.43 0.00 0.0% -16.55 -2.9% 68.86 14.0% 276.07 97.4%

S&P500 1978.22 10.65 0.5% 17.99 0.9% 129.86 7.0% 508.97 34.6%

Nasdaq 4432.15 16.65 0.4% 23.97 0.5% 255.56 6.1% 362.84 8.9%

NYSE 10985.92 49.57 0.5% 6.50 0.1% 585.59 5.6% N/A N/A

Rus2000 1151.61 -8.32 -0.7% -41.35 -3.5% -12.03 -1.0% 646.86 128.2%

Amex 2800.04 2.18 0.1% 21.16 0.8% 373.84 15.4% 1931.30 222.3%

Val Lne 4539.12 -1.81 0.0% -67.12 -1.5% 159.61 3.6% 3513.32 342.5%

30Yr Tr 32.92 -0.51 1.5% -0.46 1.4% -6.72 17.0% -31.88 49.2%

Bnk Idx 70.76 -0.21 -0.3% -0.55 -0.8% 1.50 2.2% -6.24 -8.1%

MSH 35 972.64 9.07 0.9% 13.27 1.4% 68.87 7.6% 51.86 5.6%

Housing 199.28 -1.93 -1.0% -7.36 -3.6% -4.04 -2.0% N/A N/A

Cyclica 1623.90 0.00 0.0% 26.07 1.6% 142.99 9.7% 1038.12 177.2%

Airline 85.37 -0.88 -1.0% 0.36 0.4% 15.62 22.4% -68.10 -44.4%

Retail 903.57 4.17 0.5% 14.91 1.7% -36.23 -3.9% N/A N/A

* Change since 12/31/1999

Winners-Losers 21-9 24-6 23-7

Dow Industrials Jul-18 Wk Chg Week % Mn Chg Mnth % Yr Chg Year %

--------------- ------ ------ ------ ------ ------ ------ ------

Intel 33.70 2.45 7.8% 2.80 9.1% 8.20 32.2%

Microsoft 44.69 2.60 6.2% 2.99 7.2% 7.82 21.2%

JP Morgan Chase 58.23 2.43 4.4% 0.61 1.1% 0.89 1.6%

Goldman Sachs 171.47 6.67 4.0% 4.03 2.4% -4.59 -2.6%

UnitedHealth 85.52 2.65 3.2% 3.77 4.6% 10.84 14.5%

IBM 192.50 4.50 2.4% 11.23 6.2% 7.03 3.8%

Pfizer 30.73 0.66 2.2% 1.05 3.5% 0.62 2.1%

Cisco 25.91 0.39 1.5% 1.25 5.1% 4.01 18.3%

Chevron-Texaco 130.39 1.92 1.5% -0.16 -0.1% 7.63 6.2%

Visa 220.20 3.20 1.5% 9.49 4.5% -1.66 -0.7%

AT&T 36.17 0.41 1.1% 0.81 2.3% 2.36 7.0%

Coca-Cola 42.43 0.46 1.1% 0.07 0.2% 1.75 4.3%

DuPont 65.55 0.66 1.0% 0.11 0.2% 1.46 2.3%

Exxon-Mobil 102.73 0.99 1.0% 2.05 2.0% 2.92 2.9%

Verizon Comm 50.75 0.43 0.9% 1.82 3.7% 3.19 6.7%

Travelers 95.34 0.66 0.7% 1.27 1.4% 5.86 6.5%

Home Depot 80.08 0.47 0.6% -0.88 -1.1% -1.31 -1.6%

Minn Mining Mnf 144.83 0.52 0.4% 1.59 1.1% 6.35 4.6%

Wal-Mart 77.09 0.27 0.4% 2.02 2.7% -0.61 -0.8%

Nike 77.52 0.23 0.3% -0.03 0.0% -0.63 -0.8%

Caterpillar 110.17 0.21 0.2% 1.50 1.4% 20.48 22.8%

Merck 58.34 -0.10 -0.2% 0.49 0.8% 9.05 18.4%

General Electrc 26.46 -0.09 -0.3% 0.18 0.7% -1.10 -4.0%

Boeing 127.64 -0.45 -0.4% 0.41 0.3% -7.33 -5.4%

United Tech 113.57 -0.56 -0.5% -1.88 -1.6% 0.93 0.8%

Procter-Gamble 80.55 -0.61 -0.8% 1.96 2.5% 0.39 0.5%

American Exprss 93.53 -0.94 -1.0% -1.34 -1.4% 3.51 3.9%

Disney 85.81 -1.08 -1.2% 0.07 0.1% 9.41 12.3%

McDonald's 98.99 -1.38 -1.4% -1.75 -1.7% 3.55 3.7%

Johnson-Johnson 101.80 -3.30 -3.1% -2.82 -2.7% 11.49 12.7%

Fiend's Prime-25©

-----------------

Winners-Losers 16-9 21-4 20-5

Company Jul-18 Wk Chg Week % Mn Chg Month Yr Chg Year %

--------------- --------- ------- ------ ------- ------ ------- ------

Microsoft 44.69 2.60 6.2% 2.99 7.2% 7.82 21.2%

Citigroup 49.56 2.56 5.4% 2.46 5.2% -2.53 -4.9%

JP Morgan Chase 58.23 2.43 4.4% 0.61 1.1% 0.89 1.6%

Amazon.com 358.66 12.46 3.6% 33.88 10.4% -40.13 -10.1%

Google 595.08 15.90 2.7% 19.80 3.4% 34.72 6.2%

IBM 192.50 4.50 2.4% 11.23 6.2% 7.03 3.8%

Pfizer 30.73 0.66 2.2% 1.05 3.5% 0.62 2.1%

Chevron-Texaco 130.39 1.92 1.5% -0.16 -0.1% 7.63 6.2%

AT&T 36.17 0.41 1.1% 0.81 2.3% 2.26 6.7%

Coca Cola 42.43 0.46 1.1% 0.07 0.2% 1.75 4.3%

Exxon-Mobil 102.73 0.99 1.0% 2.05 2.0% 2.92 2.9%

Verizon Comm 50.75 0.43 0.9% 1.82 3.7% 3.19 6.7%

Bank of America 15.49 0.11 0.7% 0.12 0.8% -0.06 -0.4%

Philip Morris 86.02 0.61 0.7% 1.71 2.0% 0.80 0.9%

Wal-Mart 77.09 0.27 0.4% 2.02 2.7% -0.61 -0.8%

Pepsico 90.09 0.24 0.3% 0.75 0.8% 8.34 10.2%

Merck 58.34 -0.10 -0.2% 0.49 0.8% 8.85 17.9%

Berkshire Hath 192487.00 -413 -0.2% 2587 1.4% 14587 8.2%

Qualcomm 79.39 -0.21 -0.3% 0.19 0.2% 5.87 8.0%

Oracle 40.00 -0.13 -0.3% -0.53 -1.3% 2.09 5.5%

General Elctrc 26.46 -0.09 -0.3% 0.18 0.7% -1.10 -4.0%

Wells Fargo 51.28 -0.21 -0.4% -1.28 -2.4% 6.51 14.5%

Procter-Gamble 80.55 -0.61 -0.8% 1.96 2.5% 0.39 0.5%

Apple Comp 94.43 -0.79 -0.8% 1.50 1.6% 15.20 19.2%

Johnson-Johnson 101.80 -3.30 -3.1% -2.82 -2.7% 11.49 12.7%

Prime-25© 6054.11 61.19 1.0% 118.59 2.0% 364.07 6.4%

RNK Company (Bil) P/E Yield Symb Sector

--- ----------------- ------ ------- ----- ---- ---------------

1. Apple Comp $569 15.84 1.88% AAPL Technology

2. Exxon-Mobil $441 14.00 2.51% XOM Energy

3. Google $402 31.17 0.00% GOOG Technology

4. Microsoft $369 16.74 2.39% MSFT Technology

5. Berkshire Hath $308 16.40 0.00% BRK-A Financial

6. Johnson-Johnson $288 19.46 2.63% JNJ Healthcare

7. Wells Fargo $269 12.76 2.44% WFC Financial

8. General Elctrc $265 21.69 3.21% GE Conglomerate

9. Wal-Mart $248 15.93 2.46% WMT Services

10. Chevron-Texaco $248 12.70 3.12% CVX Energy

11. JP Morgan Chase $220 14.41 2.64% JPM Financial

12. Procter-Gamble $218 21.48 3.04% PG Consumer

13. Verizon Comm $210 11.33 4.18% VZ Services

14. Pfizer $196 9.54 3.25% PFE Healthcare

15. IBM $194 13.16 2.05% IBM Technology

16. AT&T $188 10.55 5.06% T Services

17. Coca Cola $187 22.69 2.76% KO Consumer

18. Oracle $178 16.74 1.20% ORCL Technology

19. Merck $170 38.38 3.00% MRK Healthcare

20. Amazon.com $165 560.41 0.00% AMZN Technology

21. Bank of America $163 20.12 0.26% BAC Financial

22. Citigroup $151 11.39 0.08% C Financial

23. Pepsico $137 20.34 2.62% PEP Consumer

24. Philip Morris $135 16.67 4.37% PM Energy

25. Qualcomm $134 19.90 1.85% QCOM Technology

_ Prime-25© $6,054 16.45 2.20%

Currencies

----------

Sep

Crrncy Jul-18 Wk Chg Week % Mn Chg Mnth % Yr Chg Year % 2K Chng* 2000 %

------ ------- ------- ------ ------ ------ ------ ------ -------- ------

Pound 170.86 -0.22 -0.1% -0.09 -0.1% 5.55 3.4% 8.96 5.5%

SwFrnc 111.41 -0.74 -0.7% -1.46 -1.3% -1.36 -1.2% 47.94 75.5%

Euro 135.28 -0.84 -0.6% -1.70 -1.2% -2.64 -1.9% 33.67 33.1%

Yen 98.70 -0.03 0.0% -0.10 -0.1% 3.55 3.7% -0.22 -0.2%

US Dlr 80.60 0.37 0.5% 0.79 1.0% 0.08 0.1% -20.82 -20.5%

Commodities

-----------

Aug

Cmmdty Jul-18 Wk Chg Week % Mn Chg Mnth % Yr Chg Year % 2K Chng* 2000 %

------ -------- ------- ------ ------- ------ ------- ------ -------- ------

Gold $1309.40 -$28.00 -2.1% -$12.60 -1.0% $105.20 8.7% $1019.80 352.1%

XAU 101.98 -2.09 -2.0% 1.12 1.1% 17.83 21.2% 34.01 50.0%

Oil $103.13 $2.30 2.3% -$2.24 -2.1% $7.53 7.9% $77.53 302.9%

XOI 1670.52 13.59 0.8% -11.31 -0.7% 167.38 11.1% 1167.52 232.1%

CRB 297.42 0.35 0.1% -10.80 -3.5% 17.25 6.2% 92.28 45.0%

Foreign Markets

---------------

Exchng Jul-18 Week Chg Week % Mnth Chg Mnth % Year Chg Year % 2K Chng* 2000 %

------ -------- -------- ------ -------- ------ -------- ------ -------- ------

TSX 15266.57 141.07 0.9% 120.56 0.8% 1645.02 12.1% 6852.82 81.4%

IPC 44278.90 797.07 1.8% 1541.73 3.6% 1551.81 3.6% 37149.02 521.0%

BVSP 57012.90 2226.97 4.1% 3844.68 7.2% 5505.74 10.7% 39920.90 233.6%

FTSE 6749.45 59.28 0.9% 5.51 0.1% 0.36 0.0% -180.75 -2.6%

CAC-40 4335.31 18.81 0.4% -87.53 -2.0% 39.36 0.9% -1623.01 -27.2%

DAX 9720.02 53.68 0.6% -113.05 -1.1% 167.86 1.8% 2761.88 39.7%

Swiss 8511.43 42.91 0.5% -43.09 -0.5% 308.45 3.8% 941.33 12.4%

Nikkei 15215.71 51.67 0.3% 53.61 0.4% -1075.60 -6.6% -3718.63 -19.6%

HngSng 23454.79 221.34 1.0% 264.07 1.1% 209.92 0.9% 6492.69 38.3%

AllOrd 5519.20 44.60 0.8% 137.20 2.5% 166.10 3.1% 2366.70 75.1%

* Change since 12/31/1999

Market Internals

================

Current Data

------------

NYSE Adv/Dec Line: 29942 +65

DJIA 50 Day MA: 16,804 - above since 05/21/14; Momentum: +69 +26

DJIA 200 Day MA: 16,229 - above since 02/06/14; Momentum: +59 +9