2 Interesting ETFs

TBH -- Telecom Brasil ETF -- 80% Barchart technical buy signal -- trading at 6.31 which is 18.61% above its 50 day moving average of 6.01 -- Relative Strength Index 55.69%

OLO -- DB Crude Oil Long ETN -- 69% Barchart technical buy singal -- trading at 12.83 which is 6.74% above its 50 day moving average of 12.49 -- Relative Strength Index 50.96%

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Not so bad

There was a lot of confusion in the markets last week but the confusion was uncertainty not bad news.   Investors like to make decisions and projections based on solid assumptions not seat of the pants data.  Step back and look at our 3 yardsticks to objectively analyze the market action.  We stalled, we didn't reverse.

We will use Barchart as alway to get our data.

Value Line Index -- Contains 1700 stocks so it represents the broader market much better than the S&P 500 or very narrow Dow 30 --  Stalled, not reversed

• 48% Barchart technical buy signal
• Trend Spotter (tm) buy signal
• Off 2.03% for the week
• Still up 3.15% for the last month
• Only off 2.38% from its recent high
• Closed Friday at 2653.75 which is 12.75% above its 50 day moving average of 2539.94
• Relative Strength Index 57.35% but falling

Barchart Market Momentum -- Contains approximately 6000 stocks -- Percentage of stocks closing above their Daily Moving Averages for various time periods -- Above 50% is always good

• Friday 51.89% closed above their 20 DMA, 70.46% closed above their 50 DMA, 79.40% closed above their 100 DMA
• Last Week 78.38% closed above their 20 DMA, 83.61% closed above their 50 DMA, 87.23% closed above their 100 DMA
• Last Month 75.55% closed above their 20 DMA, 83.24% closed above their 50 DMA, 83.24% closed above their 100 DMA

Ratio of stocks hitting new highs/new lows for various time periods -- 1.0+ bullish, 1.0 neutral, under .99 bearish -- Slight short term bearish signal

• 1 month new highs/new lows -- 272/454 = .60
• 3 month new highs/new lows -- 219/96 = 2.28
• 6 month new highs/new lows -- 142/62 = 2.29

Summary and Investment Strategy --  I'm cautious but not in panic.  The upward momentum has stopped but not reversed.  I'll make my decisions one stock at a time and prune those that have reversed but not replace till I see some market recovery.

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Let's look at some penny stocks

The market is a little flat lately so let's take some time to look at a few penny stocks that seems to be fighting the tread.

Top Ships -- TOPS --@ .91 -- 72% Barchart technical buy signal -- 17 new highs and up 26.39% in the last month -- Relative Strength Index 74.85% and climbing

Top Image Systems -- TISA - @ 1.18 -- 100% Barchart technical buy signal -- 16 new highs and up 34.09% in the last month -- Relative Strength Index 73.86% and rising

Emagin Corp -- EMAN -- @ 4.414 -- 96% Barchart technical buy signal -- 16 new highs and up 22.13% in the last month -- Relative Strength Index -- 81.14% and climbing

Incontact Inc -- SAAS -- @2.71 -- 88% Barchart technical buy signal -- 15 new highs and up 13.08% last month -- Relative strength Index 62.70%

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Oritani Financial - ORIT - added

Forget Citi and all the other big banks.  Let's buy some small banks that know their customers and know their local markets. Oritani Financial Corp.(ORIT) is the holding company for Oritani Savings Bank, a savings bank offering a full range of retail and commercial loan and deposit products. The Bank currently operates its main office and 21 full service branches in the New Jersey Counties of Bergen, Hudson and Passaic.

I'm adding this stock to the Barchart Van Meerten New High portfolio.  I've always liked bank stock but can't see the gamble a lot of investors are taking waiting for the banking big shots to get their acts together.

ORIT has a 100% Barchart technical buy signal.  The price hit 17 new highs and is up 12.78% in the last month.  The stock trades around 11.19 which is 16.39% above it's 50 day moving average of 10.13.   Notice that the Relative Strength Index is 83.95% and rising.

Wall Street brokerages are beginning to follow this bank and 3 have buy recommendations published based on improving revenue and earnings.  They forecast increases in revenue of 20.20% this year and 17.30% next year, Earnings estimates are also positive with an expected increase of 12.50% this year, 26.70% next year and projected to better 5.00% for at least 5 years.

I like this stock because:

• The banking sector is essential to the economy
• It is a local back who know its customers and knows its market
• The stock has positive price trends
• Wall Street is beginning to notice it and is pushing it to its clients.

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Golden Star Resources - GSS - Deleted

Today I deleted Golden Star Resources ( GSS) from the Barchart Van Meerten Speculative portfolio for negative price trends and:

• 40% Barchart technical sell signal
• Trading below its 20 and 50 day moving averages
• 12.30% off its recent high
• Relative Strength Index 41.94% and falling

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Theravance -- THRX -- deleted

Today I deleted Theravance (THRX) from the Barchart Van Meerten New High portfolio for negative price trends and :

• 40% Barchart technical sell signal
• Trading below 20 day moving average
• Off 11.23% from 20 day moving average
• 13.12% off recent high
• Relative strength Index is 46.71% and falling

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Trina Solar Ltd -- TSL - deleted

I have deleted Trina Solar Ltd (TSL) from the Barchart Van Meerten New High portfolio for negative price momentum and:

• Barchart Trend Spotter (tm) sell signal
• Trading below its 20 and 50 Day Moving Average
• 14.64% off its recent high
• Relative Strength Index is 47.40% and dropping

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Market Stalls

The market is in a slight stall.  Note: I said stall not reversal.  Trim losers and sit out for awhile no need to panic.

Williams Companies -- WMB-- Is gassed up!

Right now Williams Companies (WMB) looks like a promising S&P 100 company.  WMB moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Oklahoma, Williams' operations span the energy value chain from wellhead to burner tip.

The company has big plans to increase production if natural gas prices are maintained or even better increase.  NG seems to be the fuel of the future and the US has plenty of it.  The Marcellus Basin properties should be a big part of WMB's future plans.

The stock has a 100% Barchart technical buy signal.  The price hit 6 new highs and is up 16.33% in the last month.  The price was recently 22.95 which is 26.25% above it's 50 day moving average of 20.02.  The Relative Strength Index is 72.46% and rising.

This is an S&P 500 company and Wall Street brokerages have 8 buy and 2 hold reports published for their clients.  They expect revenue to be up 16.50% this year and 8.10% next year.  The earnings are projected to increase 27.70% this year, 7.50% next year and maintain a 5 year EPS growth rate of 14.45%.

This is a widely followed stock and the general public sentiment as measured on Motley Fool thinks the stock will beat the market by a vote of 457 to 23 with the All Stars in agreement 122 to 6.

This stock has:

• 100% Barchart technical buy signal
• A high Relative Strength Index that is on the rise
• Wall Street brokerages projecting double digit EPS growth rates for at least 5 years.

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

Managed Duration Investments ETF -- MZF -- deleted

Today I deleted the Managed Duration Investments ETF (MZF) from the Barchart Van Meerten Speculative portfolio.  You may remember a few weeks ago I gave you a warning about the coming bubble in the fixed income market and it's beginning to happen.  Rates were about as low as they could go and there will be 2 factors that will make the fixed income market tank.  First, as rates go up the price of fixed income instruments will go down.  Second, as the default rates of many of the municipals income streams increase those muni's will be downgraded.  Now is the time to review all you fixed income investments and start trimming.

MZF was sold because:

• Barchart 100% short term technical sell signal
• Trend Spotter (tm) sell signal
• Price lost 5.54% in the last month
• Relative Strength Index is down to 27.98% and tanking

5 Low priced stocks to consider - 11/8

Here are 5 stocks under $10 that came up on my Barchart New High screener today:

RPTP - Raptor Pharma -- $3.50 - 88% Barchart buy signal -- 17 new highs and up 18.64% in the last month - Relative Strength Index is 63.83% and rising

BZ - Boise -- $8.12 -- 100% Barchart buy signal -- 16 new highs and up 24.73% in the last month -- Relative Strength Index 80.44% and rising

XPO - Express 1 Expedited Solutions -- $2.78 -- 100% Barchart buy signal - 16 new highs and up 23.01% in the last month -- Relative Strength Index -- 82.29% and rising

ATV -- Acorn International -- $5.82 --100% Barchart buy signal -- 15 new highs and up 37.44% in the last month -- Relative Strength Index 81.45% and rising

XIDE -- Exide Tech -- $7.38 -- 88% Barchart buy signal -- 14 new highs and up 33.45% in the last month -- Relative Strength Index 83.19% and risng

5 stocks to consider

TRIB - Trininty Biotech -- 100% Barchart technical buy signal --19 new highs in the last 20 sessions --Up 19.91% in the last month -- Relative Strength Index 79.08% and rising

ALX -- Alexander's -- 100% Barchart technical buy signal -- 19 new highs in the last 20 sessions -- Up 19.26% in the last month -- Relative Strength Index 88.13% and rising

SHOR -- Shortel -- 96% Barchart technical buy signal; -- 19 new highs in the last 20 sessions -- Up 28.37% in the last month -- Relative Strength Index 79.38% and rising

OMC -- Omnicom Grp -- 100% Barchart technical buy signal -- 19 new highs in the last 20 sessions --  Up 16.15% in the last month -- Relative Strength Index 85.31% and rising

LBIX -- Leading Brands -- Barchart 60% short term technical buy signal -- 19 new highs in the last 20 sessions -- Up 36.79% in the last month -- Relative Strength Index -- 71.77% and rising