November 12, 2007: Posted to the web site today: LY Special Feature -- What Price Oil If History Repeats Itself? -- first published in Technical Perspectives on October 31, 2007. We have been bullish on oil since late 2003, further recognizing the 2004 lift to 40 as a 24-year breakout into a new structural bull market for oil! This Special Feature was also published in welling@weeden on November 9, 2007.

This five page report is available in Adobe Acrobat format (137K).

September 4, 2007: Posted to the web site today: LY Stock Market Alert -- Cyclical Decline Brewing? -- issued on June 25, 2007 and included in Technical Perspectives on June 27, 2007. We are growing structurally more cautious on the technical evidence underlying the June 2007 price peak versus the lower February 2007 peak; five month divergences are coming into view.

This two page report is available in Adobe Acrobat format (52K).

A new Special Feature of Technical Perspectives -- An Educational Perspective on the Recent Decline -- is issued on March 7, 2007. Technical history of the equity markets is something we try very hard to keep in view, to examine, and from which we hopefully extrapolate and learn. We need to remain alert to the unexpected and, where possible, establish a safety net to guard against a worst case scenario.

This nine page report is available in Adobe Acrobat format (268K).

Market Highlights of the March 7, 2007 report:

• Special Feature: An Educational Perspective on the Recent Decline

A special feature of Technical Perspectives -- Long Shadows on the U.S. Dollar -- was issued on May 3, 2006.

The weakness in the U.S. Dollar index over the past several weeks has caused us to review our longer-term view of the dollar from a technical perspective. Is the U.S. Dollar Poised to Test / Break A 28-Year Support Into “Uncharted Waters?” This seven page report is available in Adobe Acrobat format (136K).

It is our look ahead for the upcoming year. This twelve page report is available in Adobe Acrobat format (360K).

Outlook 2006:

• Less "Americentric" - 2006 A Good Year in the Right Stocks.
• The Alternating Hypothesis Still in Play.
• A Few Dark Clouds; Selective Silver Linings.
• Gold, Oil, CRB, Dollar, and Interest Rates Addressed.
• Global Growth: Similar to the 1942-66 U.S. War / Post-War Boom?
• Editorial: Food for Thought.
• Gold and the Dollar.
• Global Wage and Price Equalization.
• Inflation Thoughts.
• Sub-Industries: Capitalization weightings on the Relative Buy and Hold lists unchanged week to week:
• S&P 500, 52%
• S&P 400, 46%
• S&P 600, 42%.
• LY Alert - Crude Oil on the Move Again.

June 18, 2008: Posted to the web site today, the June 6, 2008 edition of Technical Perspectives: Global featuring technical analysis of the world financial markets, regions, sectors and industry groups.

TOPICS

• MARKET COMMENTARY: Further Technical Absolute Price Erosion Evident in Several Key European Markets.
• World Markets Recommendations Table
• MSCI Developed Markets
• MSCI Emerging Markets
• MSCI Regions
  • MSCI Japan Upgraded to Market Weight
• MSCI Sectors
  • MSCI Energy: Accelerated Advance Within Structural Uptrend.
  • MSCI Energy Regional Profiles
• MSCI Sector Recommendations by Regions – Europe, Asia Pacific and The Americas; Sector Performance Tables; MSCI Sector Rating Matrix.
• MSCI Industry Groups
  • MSCI Food & Staples Retailing Put on “Technical Upgrade Alert.”
• Metals:
  • Gold consolidating.
  • Silver at support.
  • Copper shows fatigue.
• Energy: Crude Oil – Gasoline – Heating Oil – Natural Gas.
  • Crude Oil Due for a Rest (?!!) with Gasoline and Heating Oil.
  • Natural Gas Chugging Along.
• Currencies: Dollar Asleep; trading sideways 71-74.
• U.S. Interest Rates: Still All Range-Bound, But Different Parts of the Yield Curve Convey Different Stories.

This 27 page report is available in Adobe Acrobat format (581K).