Barchart of the Day -- Pride International -- PDE

Barchart.coms 

Chart of the Day - Pride International (PDE)

Barchart Research Team - Barchart.com - Thu Jan 13, 11:00PM CST

Related Stocks

 PDE - Pride International Inc.

Sym	Last	Chg	Pct
PDE	34.01	+0.23	+0.68%

The "Chart of the Day" is Pride International (PDE), which showed up on Wednesday's Barchart "NYSE 12-month High" list. TrendSpotter on Wednesday issued a new Buy signal for Pride and then the stock on Thursday rallied by 0.68% to post a new 1-year high. Citigroup on Wednesday said it expects more mergers in the Oil Service industry - Pride International was mentioned in the report although Citi downplayed the takeover opportunity because it feels that Pride is more fully priced than other potential targets like Dresser Rand (DRC), FMC Technologies (FTI), and Superior Energy (SPN). Pride International, with a market cap of $5.7 billion, is a leading international provider of contract drilling and related services, operating both offshore and on land.



How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

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Chart of the Day Archive
View Past Chart of the Day Reports

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

3 Hot Computer Peripheral Equipment stocks

I screened on Barchart to find the sector that had changed the most in the past month and then looked at the Barchart opinion on each stock.  These 3 looked the best.

TACT - Transact Technologies --  designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company's printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents.

• 100% Barchart technical buy signal
• 5 new highs and up 4.26% in the last month
• Relative Strength Index 63.94% and rising
• Trades currently at 9.97 which is above its 50 day moving average of 9.29
• Wall Street brokerage buy recommendation based on projections of increase in next years revenue of 8.10%, increase in next years EPS of 25.60% and a 5 year annual EPS increase of 30.00%
• Positive investor sentiment - Motley Fool CAPS members vote 13 to 1 the stock will beat the market -- All Stars vote 3 to 0 for the same

IGOI - Igo Inc --based in Scottsdale, Arizona, is a developer of universal power adapters for portable computers and mobile electronic devices (e.g., mobile phones, PDAs, digital cameras, etc.) and creator of the patented iGo intelligent tip technology. iGo offers a full line of AC, DC and combination AC/DC power adapters for portable computers and low-power mobile electronic devices. All of these adapters leverage iGo's intelligent tip technology, which enables one power adapter to power/charge hundreds of brands and thousands of models of mobile electronic devices through the use of interchangeable tips.

• 100% Barchart technical buy signal
• 12 new highs and up 68.51% in the last month
• Relative Strength Index 86.68% and rising
• Trades currently at 5.13 which is above its 50 day moving average of 3.32
• Positive investor sentiment - Motley Fool CAPS members vote 44 to 1 that the stock will beat the market and the All Stars agree 8 to 1

ZBRA - Zebra Technologies -- and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuanceplastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems.

• 80% Barchart technical buy signal
• 3 new highs and up 3.26% in the last 5 days
• Relative Strength Index 60.30% and rising
• Trades currently at 38.79 which is above its 50 day moving average of 37.92
• Wall Street brokerages have published 2 buy and 6 hold recommendations based on projections of a 7.30% increase in sales next year, 13.40% increase in EPS next year and an annual EPS increase of 12.50% for the next 5 years

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Keegan Resources -- KGN -- Sell Signal

This morning I deleted Keegan Resources (KGN) from the Barchart Van Meerten Speculative portfolio for negative price trends:

• 60% Bartchart short term sell signal
• 50% Barchart mid term sell signal
• Trend Spotter (tm) sell signal
• Trading below its 20 and 50 day moving average
• 9.36% off its recent high
• Relative strength Index 38.78% and falling

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

All Peru Capped Index ETF -- EPU - deleted

This morning I deleted the All Peru Capped Index ETF (EPU) from the Barchart Van Meerten New High portfolio for negative price trends:

• 60% Barchart short term sell signal
• Trend Spotter (tm) sell signal
• Trading below its 20 and 50 day moving averages
• 7.79% off its recent high
• Relative Strength Index is 35.82% and falling

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Morning Call -- 1/11

Barchart Morning Call

Barchart.com - 1 hr 10 mins ago

Overnight Developments

• Global stocks are trading mixed with the European Euro Stoxx 50 index up +0.10% and March S&Ps down -0.30 of a point. As expected, the BOE kept its benchmark interest rate unchanged at 0.50% and its asset purchase target at 200 billion pounds. Treasuries are little changed and the dollar index fell to a 1-week low after strong demand was seen at a Spanish auction of 5-year bonds today. Investors bid for 2.1 times the 3 billion euros ($3.9 billion) of Spanish 5-year bonds today, more than the previous auction of 5-year bonds on Nov 4 when investors bid for only 1.6 times the amount offered. Spanish banks rallied after the auction with Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA, Spain's largest banks, up over 4%. Weakness in retailers undercut European stock prices as Tesco Plc fell 1.6% after Britain's biggest retailer reported holiday sales growth that missed estimates as snowstorms kept Britons from visiting out-of-town supermarkets. Dixons Retail Plc slumped 7.3% after Britain's largest consumer-electronics retailer said earnings for fiscal 2011 are now likely to be "around the bottom end" of analysts' estimates.
• The Asian stock markets today closed mixed with Japan up +0.73%, Hong Kong +0.47%, China -0.03%, Taiwan +0.12%, Australia +1.50%, Singapore +0.34%, South Korea -0.24%, India -1.80%. Strength in commodity producers pushed Japan's Nikkei 225 Stock Index up to an 8-month high and Asian shipbuilders advanced on speculation orders will increase. Nov Japan machine orders unexpectedly fell -3.0% m/m, weaker than expectations of a +2.0% m/m gain, which signals companies are reluctant to increase spending on factories and equipment because of concern about the strong yen's effect. South Korea's Kospi Stock Index closed lower and the won rose after the BOK raised the 7-day repurchase rate by 25 bp to 2.75%. BOK Governor Kim Choong Soo said inflationary pressures will likely gather pace and the South Korean economy will probably post "sold growth." The rate increase adds to a combined half a percentage-point rise in July and Nov from a record low as South Korea attempts to tackle price pressures spurred by economic growth and foreign capital inflows.

Overnight U.S. Stock News

• March S&Ps this morning are trading down -0,30 of a point. The US stock market yesterday shot higher and finished at its best level in over 2 years: Dow +0.72%, S&P 500 +0.90%, Nasdaq Composite +0.75%. The Nasdaq rose to a 9-3/4 year high and the Dow and the S&P 500 posted 2-1/3 year highs. Bullish factors for stocks included (1) carry-over support from a rally in European stocks as sovereign-debt concerns eased after Portugal successfully auctioned 10-year debt at lower yields than a previous auction along with speculation that European leaders will increase their efforts to stem the debt crisis after European Union Economic and Monetary Affairs Commissioner Rehn called for a "comprehensive" plan to contain the sovereign debt crisis, (2) strength in bank stocks after Wells Fargo raised its rating on the largest US banks to "overweight" from "market weight," saying dividend payout ratios may double this year, (3) a rally in energy producers after crude oil gained when weekly crude inventories fell more than expected, and (4) the Fed's Beige Book that said holiday-season spending and increased manufacturing drove an economic expansion in Nov and Dec, and that businesses are cautiously optimistic about their 2011 outlooks.
• Bearish factors included (1) the Fed's Beige Book that stated housing markets were "weak and sluggish" across a majority of regions, which may limit growth in the economy, and (2) the prediction from well-known bank analyst Meredith Whitney that she expects more than 1 million job losses among state and local governments as they increase their austerity measures in an attempt to trim their budget deficits.
• Deere & Co. (DE) climbed 1.2% in European trading after JPMorgan Chase raised its recommendation for the company to "overweight" from "neutral."

Today's Market Focus

• March 10-year T-notes this morning are down -2 ticks. T-note prices yesterday settled nearly flat after strong demand for the Treasury's 10-year T-note auction helped the market overcome early losses: TYH11 +0.5, FVH11 unchanged, EDM11 +2.5. Bullish factors included (1) comments from St. Louis Fed President Bullard who said its "too soon" to reduce the Fed's QE2 asset-purchase program, (2) strong demand for the Treasury's $21 billion auction of 10-year T-notes that had a bid-to-cover ratio of 3.30, higher than the 10-auction average of 3.14 and the strongest in 9 months. Bearish factors included (1) reduced safe-haven demand for Treasuries after the stock market rallied and on speculation that European leaders will increase their efforts to stem the debt crisis after European Union Economic and Monetary Affairs Commissioner Rehn called for a "comprehensive" plan to contain the sovereign debt crisis, (2) an upbeat Fed Beige Book that said the economy strengthened the last 2 months of last year and that businesses are cautiously optimistic about their 2011 outlooks, and (3) supply pressures ahead of the Treasury's $13 billion auction of 30-year T-bonds on Thu.
• The dollar index this morning is weaker and at a 1-week low with the dollar/yen -0.01 yen and the euro/dollar +0.41 cents. The dollar index yesterday settled sharply lower: Dollar Index -0.815, USDJPY -0.245, EURUSD +0.01587. Bearish factors included (1) strength in the euro after Portugal's borrowing costs fell from a month ago after a successful auction of 10-year notes, which temporarily eases sovereign-debt concerns, (2) speculation that European leaders will increase their efforts to stem the debt crisis after European Union Economic and Monetary Affairs Commissioner Rehn said that Europe's bailout fund "should be reinforced and the scope of its activity widened," (3) the stronger-than-expected Nov Euro-Zone industrial production, which is euro positive, and (4) euro supportive comments from PBOC Deputy Governor Yi Gang who said that China is a long-term investor in European financial markets and will continue that policy. Bullish factors included (1) apprehension ahead of Spain's and Italy's debt auctions on Thursday, which may see increased safe-haven demand for the dollar as the indebted European nations struggle to fund their deficits, and (2) the warning from Nobel Prize-winning economist Pissarides that the European Union doesn't have the resources to rescue Spain from a full-blown fiscal crisis, which could lead to the end of the euro.
• February crude oil prices this morning are trading down -16 cents a barrel and February gasoline is +0.49 of a cent per gallon. Crude oil and gasoline prices yesterday finished mixed: CLG11 +0.75, RBG11 -1.53. Feb crude climbed to a 1-week high. Bullish factors included (1) the weaker dollar, which boosts investment demand in commodities, (2) the larger-than-expected decline in weekly crude inventories which dropped to their lowest level in 11 months (-2.15 million bbl to 333.1 million bbl versus expectations of -1.4 million bbl), and (3) the rally in the S&P 500 Index to a 2-1/3 year high, which boosts confidence in the economic outlook and energy demand. Bearish factors included (1) the restarting of the Trans Alaska pipeline, after it was closed for several days to repair a leak, (2) the larger-than-expected increases in weekly gasoline and distillate inventories (gasoline +5.08 million bbl versus expectations of +2.12 million bbl and distillate inventories +2.65 million bbl versus expectations of +1.0 million bbl), and (3) reduced US gasoline demand after the 4-week average slipped -1.5% to 9.07 million barrels a day.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) INTC-Intel (BEST earnings consensus $0.53), MSCI-MSCI Inc. (0.36), CBSH-Commerce Bancshares (0.66), SHFL-Shuffle Master (0.13).

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Teledyne Technologies - TDY Barchart chart of the day

Barchart.coms Chart of the Day - Teledyne Technologies (TDY)

Barchart Research Team - Barchart.com - Wed Jan 12, 5:29PM CST

Related Stocks

 TDY - Teledyne Technologies Incorporat

Sym	Last	Chg	Pct
TDY	45.34	+1.41	+3.21%

The "Chart of the Day" is Teledyne Technologies (TDY), which showed up on Wednesday's Barchart "NYSE 12-month High" list and also on the "Gap Up" list. Teledyne on Wednesday rallied by 3.21% and posted a new 2-year high. TrendSpotter has been long Teledyne since Dec 7 at 42.95. In recent news on the stock, KeyBanc on Wednesday initiated coverage on Teledyne with a Buy and a target of $54. Teledyne, with a market cap of $1.6 billion, is a leading provider of sophisticated electronic and communication products, systems engineering solutions, and aerospace engines and components.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 75% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

---

Chart of the Day Archive
View Past Chart of the Day Reports

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

3 Hot Network Communications Software stocks

One of the hottest sectors this month is in Communications Network Software.  This morning I screened on Barchart for the hottest stocks in the hottest sectors and came up with these 3 gems.

VG - Vonage - a leading provider of digital phone services with over two million subscriber lines. Their award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. They offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services.The Residential Premium Unlimited and Small Business Unlimited calling plans offer consumers unlimited local and long distance calling, and popular features like call waiting, call forwarding and voicemail - for one low, flat monthly rate. Vonage's service is sold on the web and through national retailers including Best Buy, Circuit City, Wal-Mart Stores Inc. and Target and is available to customers in the U.S., Canada and the United Kingdom.

• 100% Barchart short term technical buy signal
• 9 new highs and up 41.15% in the last month
• Relative Strength Index 81.37% and rising
• Trades around 3.21 well above its 50 day moving average of 2.45
• Wall Street brokerages have 1 buy and 1 hold and project 260.00% EPS increase next year

NSR - Neustar --  a provider of essential clearinghouse services to the North American communications industry and Internet service providers around the world.

• 100% Barchart short term technical buy signal
• 10 new highs and up 3.99% in the last month
• Relative Strength Index 66.06% and rising
• Trades near 27.42 well above 50 day moving average of 26.46
• CAPS members on Motley Fool vote 271 to 12 to beat the market
• All Stars on Motley Foll vote 119 to 5 to beat the market
• Wall Street Brokerages have 3 buy and 7 hold recommendations based on projection of 11.00% increase in sale next year, 14.50% increase in EPS year, EPS annual growth of 12.80 for next 5 years

AVNW - Aviant Networks --  previously known as Harris Stratex Networks, Inc., is a global supplier of wireless network solutions and network management software, backed by a suite of professional services and support. The Company offers advanced wireless IP network migration, preparing the way to the 4G/LTE future. It also offers transformational wireless solutions, including LTE-ready microwave backhaul, WiMAX access and a complete portfolio of essential service options that enable wireless public and private telecommunications operators to deliver advanced data, voice, video and mobility services around the world. In addition, Aviat offers professional services, including installation and commissioning and training. It serves mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast system operators. Aviat Networks, Inc. is headquartered in Morrisville, North Carolina.

• 100% Barchart short term technical buy signal
• 5 new highs and up 5.90% in the last month
• Relative Strength Index 71.08% and rising
• Trades near 5.55 which is above its 50 day moving average of 4.75
• CAPS members on Motley Fool vote 61 to 12 to beat the market
• All Stars vote 27 to 4 to beat the market
• Wall Street Brokerage have 6 buy and 4 hold recommendations based on projections of 13.50% increase in sales next year -- 185.30% increase in EPS next year and 13.50% annual EPS growth for next 5 years 

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

MDS Inc -- NDZ- deleted

This morning I deleted MDS Inc (NDZ) from the Barchart Van Meerten Speculative portfolio for very negative price trends:

• The stock is 14.25% of its recent high
• Trading below its 20, 50 and 100 day moving averages
• Relative Strength Index is 27.73% and tanking

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Barchart Morning Call - 1/12

Barchart Morning Call

Barchart.com - 1 hr 31 mins ago

Overnight Developments

• Global stocks are trading higher with the European Euro Stoxx 50 index up +1.29% and March S&Ps up +7.40 points at a new contract high. The dollar and Treasuries weakened as European debt risks temporarily subside on speculation European officials are stepping up efforts to solve the debt crisis. European Union Economic and Monetary Affairs Commissioner Rehn said that Europe's bailout fund "should be reinforced and the scope of its activity widened." European bank stocks are leading the market's advances with Banco Santander SA, Spain's biggest lender, up 6.4% and UniCredit SpA, Italy's largest bank, up 5.3%. The euro received a boost today after Portugal raised 599 million euros ($778 million) in the sale of 10-year bonds at an average yield of 6.72%, down from a yield of 6.81% on Nov 10. Also benefiting European stocks and the euro was the larger-than-expected increase in Nov Euro-Zone industrial production which climbed +1.2% m/m, stronger than expectations of a +0.5% m/m increase.
• The Asian stock markets today closed higher with Japan up +0.02%, Hong Kong +1.54%, China +0.56%, Taiwan +0.38%, Australia +0.29%, Singapore +0.11%, South Korea +0.39%, India +1.76%. According to 2 Japanese officials familiar with the matter, Japan may extend purchases of bonds sold by a European financial aid fund in coming months beyond what Finance Minister Noda said Japan would purchase later this month. China and Japan, with the two largest foreign-exchange reserves in the world, are working to prevent the European sovereign-debt crisis from spreading. Japanese banks closed higher on speculation that BOJ Governor Shirakawa, who was appointed vice chairman of the Bank for International Settlements, will seek to prevent regulations that could hurt the profits of Japanese banks. Asian chip stocks also advanced led by a 3.7% gain in Hynix Semiconductor after the second-largest maker of computer-memory chips said it expects a Q4 operating profit and it will repay 700 billion won ($626 million) of debt this year.

Overnight U.S. Stock News

• March S&Ps this morning are trading up +7.40 points at a fresh contract high. The US stock market yesterday traded sideways in positive territory the entire day and finished with modest gains: Dow +0.30%, S&P 500 +0.37%, Nasdaq Composite +0.33%. The Nasdaq rose to a 3-year high. Bullish factors for stocks included (1) carry-over support from a rally in European stocks after Japan pledged to buy European bonds, (2) strength in energy producers after crude oil rallied and gasoline climbed to a 27-month high, and (3) expectations for positive Q4 company earnings results after companies in the S&P 500 posted higher-than-expected results in all three quarters so far for 2010.
• Bearish factors included (1) the unexpected decline in Nov wholesale inventories (-0.2% versus expectations of +1.0%), which signals inventories will provide less of a boost to economic growth, (2) data from the BLS that showed the US job openings rate, or the number of job openings as a percent of total employment plus job openings, fell to 2.4% in Nov from 2.5% in Oct, and (3) comments from ECB Council member and Bundesbank President Weber who said optimism on containing the European sovereign-debt crisis is "premature."
• Lululemon Athletica (LULU) jumped 6.7% in pre-market trading after the company raised its forecst for Q4 profit to 55 cents a share, topping analysts' estimates of 50 cents.

Today's Market Focus

• March 10-year T-notes this morning are down -8 ticks. T-note prices yesterday moved lower on supply pressures and stock market strength: TYH11 -10.5, FVH11 -5.2, EDM11 +0.5. Bearish factors included (1) reduced safe-haven demand for Treasuries after the stock market rallied, (2) comments from Philadelphia Fed President Plosser who said the Fed's $600 billion QE2 asset-purchase program "may soon backfire on us" and spur inflation if "we don't begin to gradually reverse course," which indicates he is not in favor of completing the entire asset-purchase program, and (3) supply pressures ahead of the Treasury's $21 billion auction of 10-year T-notes on Wed. Bullish factors included (1) the Fed's action to purchase $7.802 billion of Treasuries as part of its QE2 asset-purchase program, (2) comments from Minneapolis Fed President Kocherlakota who said "this is not the time to start" the Fed's exit strategy due to high unemployment and disinflation, and (3) data from the BLS that showed the US job openings rate, or the number of job openings as a percent of total employment plus job openings, fell to 2.4% in Nov from 2.5% in Oct.
• The dollar index this morning is lower with the dollar/yen +0.13 yen and the euro/dollar +0.03 cents. The dollar index yesterday closed little changed: Dollar Index -0.035, USDJPY +0.536, EURUSD +0.00225. Bearish factors included (1) strength in the euro after Japanese Finance Minister Noda said his country plans to buy more than 20% of bonds to be issued later this month by the European Financial Stability Facility as Japan joins China in promising to purchase Euro-Zone debt in an attempt to stem the European debt crisis, (2) comments from Portuguese Prime Minister Socrates who said that Portugal doesn't need a bailout from the European Union and its 2010 budget deficit will be lower than forecast, and (3) strength in the yuan after China's foreign-exchange reserves climbed to a record and China's bank lending exceeded the government's annual target. Bullish factors included (1) apprehension ahead of Portugal's, Spain's and Italy's debt auctions later this week, which may see increased safe-haven demand for the dollar as the indebted European nations struggle to fund their deficits, (2) comments from ECB Council member Weber who said optimism on containing the European sovereign-debt crisis is "premature," and (3) comments from Philadelphia Fed President Plosser who said the Fed's $600 billion QE2 asset-purchase program "may soon backfire on us" and spur inflation if "we don't begin to gradually reverse course," which indicates he is not in favor of completing the entire asset-purchase program.
• February crude oil prices this morning are trading unchanged and February gasoline is down -1.82 cents per gallon. Crude oil and gasoline prices yesterday closed higher for a second day: CLG11 +1.86, RBG11 +2.41. Feb gasoline posted a 27-month high. Bullish factors included (1) the continued shutdown of the Trans Alaska Pipeline System, which carries 15% of US crude output, after an oil leak in the pipeline prompted its closure over the weekend, (2) the report from the National Commission on the BP Deepwater Horizon Oil Spill that recommended that exploration in US deep waters be overseen by an independent agency in the Interior Department, which raises concern that it will become more difficult to drill for new crude supplies, (3) comments from the Kuwaiti Oil Minister who said that OPEC will not hold an emergency meeting if crude prices hit $100 a barrel, and (4) the action by the US Energy Department to increase its 2011 crude oil price forecast to average $93.42 a barrel, up from a Dec forecast of $86.08 and to hike its global crude consumption estimate for 2011 to 89.65 million barrels a day from 87.78 million estimated last month. Expectations for Wednesday's weekly inventory report from the DOE are for crude oil stockpiles to fall -1.2 million bbl, gasoline supplies to increase +2.13 million bbl, distillate inventories to rise +1.0 million bbl and the refinery capacity rate to remain unchanged at 88.0%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) CLC-Clarcor (BEST earnings consensus $0.56).

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Barchart of the Day -- Fluor -- FLR

Provided by Barchart.

 Chart of the Day - Fluor Corp (FLR)

Barchart Research Team - Barchart.com - Tue Jan 11, 6:25PM CST

Related Stocks

 FLR - Fluor Corporation

Sym	Last	Chg	Pct
FLR	68.34	+2.33	+3.53%

The "Chart of the Day" is Fluor Corp (FLR), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also showed up on Barchart's "Gap Up" list. Fluor on Tuesday rallied by 3.53% and posted a new 2-1/3 year high. On Tuesday, JP Morgan upgraded Fluor to Overweight from Neutral and raised its target to $77 from $58.50 on a more constructive outlook for the infrastructure markets. FBR Capital on Tuesday removed Fluor from its Top Picks list due to valuation but reiterated its outperform and raised its target to $84 from $54. On Monday, Stifel Nicolaus raised reiterated its Buy rating and raised its target to $77 from $64 on earnings and the company's higher backlog. Fluor Corp, with a market cap of $11.7 billion, delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients around the world in industries including Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

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Sucampo Pharmceuticals -- SCMP -- added

This morning I added Sucampo Pharmaceuticals (SCMP) to the Barchart Van Meerten Speculative portfolio.

Sucampo Pharmaceuticals, Inc. is an emerging pharmaceutical company focused on the discovery, development and commercialization of proprietary drugs based on prostones, a class of compounds derived from functional fatty acids that occur naturally in the human body. Sucampo is focused on developing prostones for the treatment of gastrointestinal, respiratory, vascular and central nervous system diseases and disorders.

The 16 new highs and price appreciation in the last month has earned the stock a 100% Barchart technical buy signal.  The stock recently traded around 4.55 with a 50 day moving average and a Relative Strength Index of 85.95% which is still on the rise.

The lone Wall Street brokerage analyst following the stock has a strong Buy recommendation publishedbased on his projection that sales will increase by 10.80% next year and earnings will increase 11.00% per year for at least 5 years.

The CAPS members on Motley Fool have voted 61 to 11 that the stock will beat the market with the All Stars in agreement 25 to 2.  Fool notes that there have been 3 recent articles that have all been positive.

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Timeshares are still big business

This morning I added Silverleaf Resorts (SVLF) to the Barchart Van Meerten Speculative portfolio.

Silverleaf Resorts, Inc. is a leading developer, marketer, and operator of `drive-to` timeshare resorts. The company's principal activities include acquiring and developing timeshare resorts; marketing and selling one week annual and biennial Vacation Intervals to prospective first-time owners as well as leasing unsold Vacation Intervals; marketing and selling upgraded Vacation Intervals to existing Silverleaf Owners; providing financing for the purchase of Vacation Intervals; and operating timeshare resorts.

The recent price momentum of 16 new highs and price appreciation of 53.00% has earned the stock a 100% Barchart technical buy signal.  With a rising 84.22% Relative Strength Index the stock trades around 1.51 with a 50 day moving average of 1.09.

The stock appears to be too small for Wall Street to follow but the CAPS members on Motley Fool vote 74 to 6 that the stock will beat the market with the All Stars in agreement 26 to 1.

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Emagin Corp -- EMAN - added

This morning I added Emagin Corp ( EMAN ) to the Barchart Van Meerten New High portfolio.

eMagin Corporation is a leading developer of virtual imaging technology, eMagin combines integrated circuits, microdisplays, and optics to create a virtual image equivalent to the real image of a computer monitor or large screen TV. These miniature, high-performance, virtual imaging modules provide access to information-rich text, data, and video which canfacilitate the opening of new mass markets for wearable PCs, wireless Internet appliances and mobile phones, portable DVD-viewers, digital cameras, and other emerging applications.

The recent price momentum with 16 new highs and a price increase of 58.33% in the last month has earned the stock a 96% Barchart technical buy signal.  With a rising Relative Strength Index of 82.36% it recently traded around 7.38 with a 50 day moving average of 5.18.

There is only one Wall Street brokerage following the stock but that analyst has a strong buy recommendation.

General investor sentiment as measured on Motley Fool has the CAPS members voting 48 to 3 that the stock will beat the market and the All Stars agree 13 to 2.

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

One of the fastest growing banks in Hawaii

This morning I added CPB Inc (CPF) to the Barchart Van Meerten New High portfolio.  CPB is one of the fastest growing banks in Hawaii.

Central Pacific Financial Corp. is a Hawaii-based bank holding company. Central Pacific Bank, its subsidiary, is Hawaii's third largest commercial bank.

The recent price momentum of 16 new highs and an increase of 8.90% in the last month has earned the stock an 88% Barchart technical buy signal. With a rising Relative Strength Index of 89.90% the stock recently traded around 2.44 with a 50 day moving average of 1.51.

Wall Street brokerage analysts have 2 hold recommendations published but expect earnings per share to incraese by 99.80% next year and continue at 8.00% per annum.

The investor sentiment on Motley Fool is high with the CAPS members voting 59 to 32 that the stock will beat the market and the All Stars agree 28 to 11,

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

How much do you bid for Auctioneer Ritchie Bros.?

This morning I added Ritchie Brothers Auctioneers (RBA) to the Bar Chart Van Meerten New High portfolio.  Lots of people have to dump used but valuable items and what a better place than an auction?

Ritchie Bros. Auctioneers conduct unreserved public auctions every year at locations throughout North and Central America, Europe, Asia, Australia, Africa and the Middle East. The company is known for their innovative auction methods, attention to detail and their total commitment to the unreserved auction. The confidence this gives their customers has enabled Ritchie Bros. to become one of the largest industrial auctioneer in the world.

This publicly traded company hit 17 new highs and is up 19.77% in just the last 20 treading session.  The price momentum and a rising Relative Strength Index of 80.50% has earned it a 96% Barchart technical buy signal. The stock recently traded at 24.48% which is well above its 50 day moving average of 21.26.

Wall Street brokerage analysts have been slow to notice it's recently price rise and still have 2 buy 14 hold and 2 negative recommendations,  They do however look for an 11.40% increase is sales next year coupled with a 20.30% increase in earnings per share.  They project earnings to increase 16.03% annually for at least 5 years out.

The general investor has already noticed this stock with the Motley Fool CAPS members voting 155 to 10 that the stock will beat the market.  The All Stars are also high 70 to 3.

If you are looking for a stock that should do well as the recession continues Ritchie Bros (RBA) has:

• 96% Barchart technical buy signal
• 17 new highs and up 19.77% in the last month
• Positive investor sentiment

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Barchart Morning Call -- 1/11

Provided by Barchart Morning Call

Barchart.com - Tue Jan 11, 7:00AM CST

Overnight Developments

• Global stocks are trading higher with the European Euro Stoxx 50 index up +1.08% and March S&Ps up +6.50 points. The main bullish factor for stocks today is the statement from Japanese Finance Minister Noda who said his country plans to use its foreign-exchange reserves, the second largest in the world, to buy more than a fifth of bonds to be issued later this month by the European Financial Stability Facility. Japan now joins China in assisting the Euro-Zone in helping to alleviate the region's debt crisis. The euro also received a boost after Portuguese Prime Minister Socrates said that Portugal doesn't need a bailout from the European Union and its 2010 budget deficit will be lower than forecast. Gains in bank stocks led a rally in European shares after Societe Generala SA upgraded Europe's banking industry to "overweight," citing "attractive" valuations and an improved economy. Also helping to lift stock prices was the +1 point increase in the Dec Bank of France business sentiment to 108, a 3-year high.
• The Asian stock markets today closed mixed with Japan down -0.29%, Hong Kong +0.99%, China +0.54%, Taiwan +1.29%, Australia -0.03%, Singapore +0.38%, South Korea +0.41%, India -0.14%. China's foreign-exchange reserves rose in Q4 by $199 billion to a record $2.85 trillion, the biggest quarterly gain since records began in 1996. China's 2010 full-year yuan-denominated lending was 7.95 trillion yuan ($1.2 trillion), compared with the PBOC's target of 7.5 trillion yuan. The rise in currency reserves and the increases in bank lending will put pressure on the PBOC to tighten policies and reign in liquidity and inflation. The Australian dollar slipped to a 1-month low against the US dollar on speculation that a worsening of flooding in Queensland may potentially weigh on economic growth.

Overnight U.S. Stock News

• March S&Ps this morning are trading up +6.50 points. The US stock market yesterday recovered from early losses and finished mixed: Dow -0.19%, S&P 500 -0.18%, Nasdaq Composite -0.25%. The Nasdaq rose to a 3-year high. Bearish factors for stocks included (1) concerns that indebted European nations may struggle to repay their debts and intensify the sovereign-debt crisis after the Markit Group Ltd.'s index of credit-default swaps protecting the debt of 15 western European governments rose 3.5 bp to a record 223, (2) weakness in for-profit education companies after Strayer Education plunged when it cut its 2011 EPS estimate because winter new enrollment declined -20% from a year ago, and (3) comments from Atlanta Fed President Lockhart who said he sees further "headwinds" to the recovery even as the US economy improves in 2011.
• Bullish factors included (1) the action by UBS to raise its 2011 per-share earnings estimates on the S&P 500 Index to $96 from $93 and raise its 2012 S&P 500 forecast to $104 a share from $101, citing a better outlook for the US economy, and (2) increased M&A activity after Dupont acquired Danisco A/S for $5.8 billion and Duke Energy bought Progress Energy for $13.7 billion, which will make Duke Energy the largest US utility.
• Nvidia (NVDA) jumped 5.5% in pre-market trading after Intel agreed to a long-term cross-license agreement with Nvidia in which Intel will pay Nvidia $1.5 billion over the next 5 years and the companies will receive a license to each other's patents.
• Hewlett-Packard (HPQ) rose 1.1% in European trading after UBS upgraded its recommendation on the stock to "buy" from "neutral."

Today's Market Focus

• March 10-year T-notes this morning are up +3.5 ticks. T-note prices yesterday traded firm most of the day and settled higher: TYH11 +6.5, FVH11 +4, EDM11 +1.0. Bullish factors included (1) increased safe-haven demand for Treasuries on concern Portugal will follow Greece and Ireland in seeking a bailout from the European Union, (2) comments from Atlanta Fed President Lockhart who said he sees further "headwinds" to the recovery even as the US economy improves in 2011, and (3) the action by the Fed in purchasing $7.79 billion of Treasuries as part of its QE2 asset-purchase program. Bearish factors included (1) Fed data that showed primary-dealer holdings of US Treasuries tumbled to an 11-month low of $2.34 billion on Dec 29 from $81.3 billion on Nov 24, the biggest decline since Jun 2009, and (2) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Tue.
• The dollar index this morning is weaker with the dollar/yen +0.27 yen and the euro/dollar +0.23 cents. The dollar index yesterday fell back from a 1-1/4 month high and settled lower: Dollar Index -0.131, USDJPY -0.339, EURUSD +0.00417. Bearish factors included (1) a recovery in the euro which rebounded from a 3-3/4 month low against the dollar and settled higher after ECB President Trichet said that recent European economic indicators "were better than forecast," and (2) the stronger than expected Nov French industrial and manufacturing production, which is euro positive. Bullish factors included (1) the early slump in the euro to a 3-3/4 month low against the dollar on concern the European sovereign-debt crisis may worsen after the Markit iTraxx SovX Western Europe Index of credit-default swaps on the debts of 15 European governments rose to a record high 223, and (2) the prediction from BlueGold Capital Management that Germany, France and other European top-rated nations risk having their credit ratings downgraded in the event that European policy makers expand bailout funds.
• February crude oil prices this morning are trading up +43 cents a barrel and February gasoline is -0.55 of a cent per gallon. Crude oil and gasoline prices yesterday finished moderately higher: CLG11 +1.22, RBG11 +4.12. Bullish factors included (1) a reversal in the dollar after the dollar index closed lower after it had climbed to a 1-1/4 month high, (2) the closure of the Trans Alaska Pipeline System, which carries 15% of US crude output, after an oil leak in the pipeline prompted its closure over the weekend, and (3) the prediction from Morgan Stanley that crude will remain "high" this year and breach $100 a barrel "as OPEC spare capacity falls from elevated levels to 4.1 million barrels a day by year end." Bearish factors included (1) equity market weakness, which reduces optimism in the economic outlook and energy demand, and (2) concern that Europe's sovereign debt crisis may spread and slow the global economy and fuel demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) LEN-Lennar (BEST earnings consensus $0.09), SVU-Supervalu (0.31), SNX-Synnex (0.97), FUL-HB Fuller (0.40), MG-Mistras Group (0.16).

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Sauer-Danfoss -- SHS -- Barchart Chart of the Day

Provided by Barchart.com
-  Chart of the Day - Sauer-Danfoss (SHS)

Barchart Research Team - Barchart.com - Mon Jan 10, 6:01PM CST

Related Stocks

 SHS - Sauer-Danfoss Inc.

Sym	Last	Chg	Pct
SHS	32.98	-0.12	-0.36%

The "Chart of the Day" is Sauer-Danfoss (SHS), which showed up on Monday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Sauer-Danfoss on Monday rallied by 2.60% and posted a new 2-1/4 year high. Sauer-Danfoss, with a market cap of $1.4 billion, is a global manufacturer of components and integrated hydraulic systems that generate, transmit, and control fluid power in primarily off-highway mobile equipment.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 67% Buy
• Overall Average 96% Buy

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

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Barchart Morning Call - 1/10

Barchart Morning Call

Barchart.com - 52 mins ago

Overnight Developments

• Global stocks are trading lower with the European Euro Stoxx 50 index down -0.68% and March S&Ps down -5.90 points. The dollar index climbed to a 1-1/4 month high and the euro slumped to a 3-3/4 month low against the dollar as bond risks increase in Europe. Portugal, Spain and Italy are scheduled to hold their first bond auctions this year after borrowing costs rose at bill sales last week. European sovereign-debt risks continue to pressure stocks as the Markit Group Ltd.'s index of credit-default swaps protecting the debt of 15 western European governments rose 3.5 bp to a record 223. Bank stocks are leading European stock prices lower with Banco Espirito Santo, Portugal's biggest publicly traded bank by market value, down 5.2% on concern that Portugal may be forced to seek a bailout. According to the Handelsblatt newspaper, EU leaders may discuss expanding the 750 billion-euro ($967 billion) rescue fund for indebted nations at their next meeting in Feb, while Der Spiegel magazine said the EU could time such a pledge to coincide with granting aid to Portugal. Limiting declines in European stocks was strong industrial and manufacturing data from France after Nov French industrial production rose +2.3% m/m and Nov French manufacturing production increased +2.2% m/m, both rising more than expected. Also aiding stock prices was an increase in M&A activity after Danisco A/S surged 25% after DuPont agreed to buy the world's largest maker of food ingredients for $5.8 billion.
• The Asian stock markets today closed mostly lower with Japan closed for holiday, Hong Kong down -0.67%, China -1.85%, Taiwan +0.40%, Australia +0.16%, Singapore -0.98%, South Korea -0.59%, India -2.38%. China reported a smaller-than-expected +$13.1 billion trade surplus for December, its smallest since April, after Dec China exports rose +17.9% y/y to $154.2 billion and Dec imports increased +25.6% to $141.1 billion. China's full-year trade gap narrowed 6% to $183.1 billion even as exports and imports rose to records in Dec, which supports China's case that it is contributing to global economic rebalancing by ramping up domestic consumption. Most Asian stock markets closed lower on speculation central banks in China, India and Indonesia will raise interest rates to curb inflation.

Overnight U.S. Stock News

• March S&Ps this morning are trading down -5.90 points. The US stock market last Friday settled moderately lower: Dow -0.19%, S&P 500 -0.18%, Nasdaq Composite -0.25%. Bearish factors for stocks included (1) (1) the smaller-than-expected increase in Dec nonfarm payrolls (+103,000 versus expectations of +150,000), (2) comments from Fed Chairman Bernanke who said the US economy is in a "weak" and "fragile" condition and that "it could take 4 to 5 more years for the job market to normalize fully," (3) weakness in financial shares after US Bancorp and Wells Fargo lost a foreclosure case in Massachusetts’s highest court, which increases concern about results in other lawsuits between bank practices and state real estate laws.
• Bullish factors included (1) the larger-than-expected decline in the Dec unemployment rate (-0.4 to a 19-month low of 9.4% versus expectations of -0.1 to 9.7%), (2) the upward revision to Nov nonfarm payrolls (+71,000 versus the originally reported +39,000), and (3) the 9 bp drop in the yield on the 10-year T-note.
• ConocoPhillips (COP) lost 1.3% and Exxon Mobil (XOM) slid 0.8% in pre-market trading after an oil leak forced the companies and partner BP Plc to shut down the Trans Alaska Pipeline System, which carries 15% of US crude output.

Today's Market Focus

• March 10-year T-notes this morning are up +1 tick. T-note prices last Friday shot higher after the release of the Dec payrolls report and then continued even higher the rest of the day: TYH11 +27.5, FVH11 +21, EDM11 +2.0. Bullish factors included (1) the smaller-than-expected increase in Dec nonfarm payrolls (+103,000 versus expectations of +150,000), (2) comments from Fed Chairman Bernanke who said the US job market may take 5 years to "normalize," (3) the Fed's action to purchase $7.199 billion of Treasuries as part of its QE2 asset-purchase program, (4) increased safe-haven demand for Treasuries as the stock market fell, and (5) comments from former Fed Governor Kroszner who said "we're not getting consistent job growth" and that "it's going to be a long march to get to back to low unemployment levels seen 4 to 5 years ago." Bearish factors included (1) the larger-than-expected decline in the Dec unemployment rate (-0.4 to a 19-month low of 9.4% versus expectations of -0.1 to 9.7%), and (2) the upward revision to Nov nonfarm payrolls (+71,000 versus the originally reported +39,000).
• The dollar index this morning is stronger and trading at a 1-1/4 month high with the dollar/yen +0.06 yen and the euro/dollar -0.04 cents. The dollar last Friday gyrated between gains and losses and finally finished slightly higher: Dollar Index +0.148, USDJPY -0.291, EURUSD -0.00935. The dollar index climbed to a 1-1/4 month high and the euro slumped to a 3-1/2 month low against the dollar. Bullish factors included (1) euro weakness on increased sovereign-debt risks after the Markit iTraxx SovX Western Europe Index of credit-default swaps on the debts of 15 European governments rose to a record high 214, (2) the unexpected decline in Nov German retail sales by -2.4% m/m, its biggest fall in 2-1/2 years, and (3) comments from ECB President Trichet who said governments shouldn't rely on the ECB to get Europe out of its debt crisis as he urged for more fiscal tightening, which may slow the Euro-Zone economy and weaken the euro. Bearish factors included (1) the smaller-than-expected increase in Dec US nonfarm payrolls, which may prompt the Fed to further increase its quantitative easing measures, and (2) comments from Fed Chairman Bernanke who said the US economy is in a "weak" and "fragile" condition and that "it could take 4 to 5 more years for the job market to normalize fully."
• February crude oil prices this morning are trading up +69 cents a barrel and February gasoline is +0.96 of a cent per gallon. Crude prices rallied in overnight trading after an Alaskan pipeline carrying about 15% of US crude output was shut on Saturday following a leak. Crude oil and gasoline prices last Friday erased early rallies and finished lower: CLG11 -0.35, RBG11 -2.99. Feb crude fell to a 3-week low. Bearish factors included (1) the rally in the dollar index to a 1-1/4 month high, which discourages investment demand in commodities, (2) the smaller-than-expected increase in Dec US nonfarm payrolls, which signals a struggling labor market that may crimp fuel demand, and (3) the slide in stock prices which decreases confidence in the economic outlook and energy demand. Bullish factors included (1) the larger-than-expected drop in the Dec US unemployment rate to a 19-month low of 9.4%, and (2) the action by Canadian Natural Resources to shut its 100,000 bpd Horizon oil-sands project because of a fire, which may curtail crude supplies to the US.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) AA-Alcoa (BEST earnings consensus $0.18), APOL-Apollo Group (1.35), AYI-Acuity Brands (0.57), HELE-Helen of Troy Ltd (0.75), SMSC-Standard Microsystems (0.42), WDFC-WD-40 Co.(0.60).

Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Transocean - RIG Barchart chart of the day

Barchart.com's Chart of the Day - Transocean Inc (RIG)

Barchart Research Team - Barchart.com - Sat Jan 08, 8:57PM CST

Related Stocks

 RIG - Transocean Inc.

Sym	Last	Chg	Pct
RIG	75.04	+2.00	+2.74%

The "Chart of the Day" is Transocean Inc (RIG), which showed up on last Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. We waited to put RIG on the "Chart of the Day" until Friday when the stock could both post a new high and close higher on the day. RIG last Friday closed 2.74% higher and posted a new 8-month high. Transocean, a partner with BP and Halliburton in the BP Deepwater Horizon oil well, is progressively putting the Gulf oil spill behind it and its stock has shown a recovery. Transocean, With a market cap of $23 billion, is an international provider of offshore contract drilling services for oil and gas wells.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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Sanofi-Aventis -- SNY -- sell signals

This morning I've put in a sell order for Sanofi-Aventis (SNY) in the Barchart Van Meerten New High portfolio for negative price trends on Barchart:

• 80% Barchart short term sell signal
• Trend Spotter (tm) sell signal
• Trading below its 20,50 and 100 daily moving average
• 11.26% of its current 3 month high
• Relative Strength Index 44.64% and dropping

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.