Homebuilding stocks finished the week 10% higher.
Dow Jones Transportation Stocks finished the week 5% higher.
US Government Long Term Bonds as measured by the ETF (TLT) finished the week unchanged.
Telecom Service Stocks finished the week 4% higher.
Basic Materials stocks finished the week 1% lower.
The Nasdaq-100 finished the week 4% higher.
The XAU Index of gold mining stocks finished the week 6% lower.
The HUI Index of gold mining stocks finished the week 10% lower.
Energy stocks finished the week 2% lower.
Silver as measured by the ETF (SLV) finished the week 8% lower.
Gold as measured by the ETF (GLD) finished the week 2% lower.
Commentary by Jan Allen:
This week was marked by a Stock Market Peak as seen by
The S&P 100 manifesting 'a shooting star' as the (^OEX) finished at 609.01.
Here is a chart of the S&P 100s Shooting Star Formation.
The second part of September 2006 will see
A downturn in the financials stocks -- i.e the S&P and the Nasdaq-100.
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