WinTrust Financial sell signals

Today I detected sell signals in WinTrust Financial (WTFC)

Technical sell signals:

• 60% Barchart short term technical sell signals
• Trend Spotter sell signal
• Trading belwo 20 and 50 day moving average
• 7.45% off its recent high
• Relative Strength Index 36.97% and falling

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Well Fargo sell signals

Technical sell signals on Wells Fargo & Co (WFC)

Technical sell signals:

• 100% Barchart short term technical sell signal
• Trend Spotter sell signal
• Trading below it s 20, 50 and 100 day moving averages
• 13.75% off its recent high
• Relative Strength Index 30.10% and falling

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Time to delete American Reprographics --ARC

Technical factors signal a sell on American Reprographics (ARC) and a deletion from the Barchart Van Meerten Speculative portfolio.

Technical Factors:

• 60% Barchart short term technical sell signal
• Trend Spotter sell signal
• Trading below the 20 and 50 day moving averages
• Off 16.57% from its recent high
• Relative strength Index 36.36% and falling

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Time to delete KONG

Sometimes you have to delete a stock on technical factors alone and can't really wait until you know what is causing its decline.  That condition is why I'm deleting Kongzhong (KONG) from the Barchart Van Meerten New High portfolio.  The tape tell it all:

Technical Factors:

• 60% Barchart short term sell signal
• Trend Spotter sell signal
• Trading below its 20 and 50 day moving averages
• Dropped 23.26% off its recent high
• Relative Strength Index is 33.13% and dropping

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Update on TJX

TJX Companies, Inc. (TJX) is an off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates T.J. Maxx stores, Marshalls stores, and Winners Apparel Ltd. stores, a Canadian off-price family apparel and home fashions chain. It also operates HomeGoods, a U.S. off-price home fashions chains, and T.K. Maxx, an off-price family apparel and home fashions chain in the United Kingdom, the Republic of Ireland and the Netherlands. In addition, it operates A.J. Wright, a new U.S. chain of off-price family apparel and home fashions stores.

Technical Factors:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• 9 new highs and up 6.66% in the last month
• Relative Strength Index 68.71% and rising
• Trades around 52.58 with a 50 day moving average of 50.11

Fundamental Factors:

• Wall Street analysts released 3 strong buy and 6 hold recommendations
• Sales projected to increase by 9.60% this year and 7.70% next year
• Earnings are projected to increase by 18.00% this year, 18.50% next year and 17.50% annually for the next 5 years

Investor Sentiment:

• 695 investors follow the stock on Motley Fool
• CAPS members vote 459 to 62 that the stock will beat the market
• All Stars agree 159 to 15

Gildan doesn't sweat growth

Once in awhile you run across a stock that makes you wonder why you've never heard of it.  I was looking at stocks that have had and are expected to have double digit growth in sales and earnings and are currently having positive price momentum as measured by Barchart technical indicators. I found Gildan Activewear (GIL), a company that has over 60% market share in their niche.  They make the blank tee shirts and sweat shirts that all the other companies use to print on.  The sales, earnings and price appreciation have been great.

Gildan Activewear Inc. (GIL) is a manufacturer and marketer of premium quality branded basic activewear for sale principally into the wholesale imprinted activewear segment of the North American apparel market. The company sells premium quality 100% cotton T-shirts and premium quality sweatshirts, in a variety of weights, sizes, colors and styles, as blanks, which are ultimately decorated with designs and logos for sale to consumers.

Technical Factors:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• 9 new highs and up 16.12% in the last month
• Relative Strength Index 77.44% and rising
• Trades at 36.38 with a 50 day moving average of 32.13

Fundamental Factors:

• Wall Street analysts have 4 strong buy, 6 buy and 13 hold recommendations released
• Sales are projected to increase by 26.90% this year and 18.40% next year
• Earnings are forecasted to increase by 13.20%n this year, 21.20% next year and continue by 14.20% annually for the next 5 years

Investor Sentiment:

• For an unknown stock it has a larger following than I expected with 356 investors voting an opinion on Motley Fool
• CAPS members vote 243 to 13 that the stock will out perform the market
• The All Stars agree with a vote of 99 to 2 -- That's pretty positive

This stock deserves a place on your watch list:

1. Market share leader
2. Double digit increase in sales and earnings
3. Recent and positive price momentum
4. Growing following both from Wall Street and the general investing public

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Bed Bath and Beyond (BBBY) sees growth

It's always nice when a store you like to shop in becomes a success.  Bed Bath and Beyond (BBBY) is that kind of store.  I'm a kitchen gadget freak so I love this store.   I try not to be an impulse shopper but as I wander the store I sometimes find bargains I didn't expect and can't pass up.  Today I can't pass up the stock.  Same store sales are up 7% year over year.  They are on target to add 40 new stores this year and another 40 to 50 next year.  Margin squeezes have been offset by savings in SG&A so I think this looks like a well managed company.  The price is on a roll.

Bed Bath & Beyond (BBBY) is a nationwide operator of `superstores` selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. The Company offers a wide assortment of merchandise at everyday low prices that are substantially below regular department store prices and generally comparable to or below department store sale prices. The Company's domestics merchandise line includes items such as bed linens, bath accessories and kitchen textiles, and the company's home furnishings line.

Technical reasons to consider:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• 11 new highs and up 25.10% in the last month
• Relative Strength Index 80.94% and climbing
• Trades around 57.02 with a 50 day moving average of 49.28

Fundamental reasons to consider:

• Wall Street brokerage analysts are high on this stock
• They have published 9 strong buy, 2 buy and 14 hold recommendations
• Sales are expected to increase by 7.40% this year and 7.00% next year
• Earnings are estimated to increase by 15.30% this year, 14.40% next year and 13.41% next 5 years

Investor Sentiment considerations:

• Stock is widely followed on Motley Fool with 1636 individual investors giving an opinion
• CAPS members vote 988 to 202 that the stock will beat the market
• The more experienced All Stars vote the same way by 402 to 44

Bed Bath and Beyond (BBBY) should be on you watch lists.

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Barchart Morning Call 4/21

Barchart Morning Call

Barchart.com - 1 hr 10 mins ago

Overnight Developments

• Global stocks are higher with the European Euro Stoxx 50 index up +0.84% and June S&Ps up +8.70 points. Treasuries and the dollar weakened with the dollar index plummeting to a 2-2/3 year low. Commodities gained with gold at a record and crude at a 1-week high. Global equity markets extended this week's gains after Apple said its Q2 profit almost doubled to $6.40 a share from $3.33 a year earlier. Other companies also reported stellar earnings results that helped lift the market as well with Nokia Oyj up 2.2% after it reported Q1 profit that beat estimates and Akzo Nobel soared 4.5% after the world's biggest maker of paints reported increased Q1 profit. The British pound rose to a 16-monthhigh against the dollar after Mar UK retail sales unexpectedly rose +0.2% m/m, stronger than expectations for a -0.4% month decline. Apr German IFO business confidence slipped -0.7 to 110.4, slightly weaker than expectations of -0.6 to 110.5. The euro rose to a 16-month high against the dollar despite the surge in yields on Greek, Portugal and Irish government debt to euro-era records as the European sovereign-debt crisis intensifies.
• The Asian stock markets today closed higher with Japan up +0.82%, Hong Kong +1.01%, China +0.66%, Taiwan +1.64%, Australia +1.13%, Singapore +0.91%, South Korea +1.38%, India +0.67%. Asian stocks rose with gains in technology stocks leading the way, after Apple reported increased profits, which signals the global economic recovery is accelerating. Raw-materials and energy producers also gained with silver rising to a 31-year high and copper and crude oil at 1-week highs. Japanese stocks gained despite the rise in the yen to a 3-week high against the dollar. The Australian dollar surged to $1.0772, its strongest since it was freely floated in 1983, after Q1 Australia producer prices rose +1.2% q/q, stronger than expectations of +1.0% q/q, which fuels speculation the RBA will continue to tighten monetary policy.

Overnight U.S. Stock News

• June S&Ps this morning are trading up +8.70 points. The US stock market yesterday settled sharply higher as a strong earnings forecast from Intel along with better-than-expected Mar US existing home sales boosted prices: Dow Jones +1.52%, S&P 500 +1.35%, Nasdaq Composite +2.10%. The Dow soared to a 2-3/4 year high, the Nasdaq climbed to a 1-1/4 month high and the S&P 500 posted a 1-1/2 week high. Bullish factors included (1) the rally in Intel, which lifted the overall market, after the world's biggest chipmaker forecast Q2 revenue that topped analysts' projections and bolstered optimism in the economic outlook, (2) strength in commodity producers after a slump in the dollar index to a 16-1/2 month low spurred a broad-based rally in commodities, (3) the larger-than-expected increase in Mar US existing home sales (+3.7% to 5.10 million versus expectations of +2.5% to 5.00 million), and (4) an upbeat start to earnings season as 76% of the 59 companies in the S&P 500 that have reported results since Apr 11 have beaten analysts' earnings estimates.
• Bearish factors for stocks included (1) concern the European sovereign-debt crisis will worsen after credit-default swaps to insure Greek and Portuguese government debt climbed to records, and (2) weakness in bank stocks after FBR Capital markets issued a "neutral-to-negative" outlook on the sector, citing a lack of loan growth and increased costs from new regulations.
• Apple (AAPL) jumped 4.1% in pre-market trading after the compnay late yesterday reported that Q2 net income rose ro $6.40 a share on sales of $24.7 billion, well ahead of analysts' estimates of $5.39 a share on sales of $23.4 billion.
• Qualcom (QCOM) surged 5.2% in European trading after the company reported Q2 earnings of 86 cents a share on sales of $3.88 billion, stronger than analysts' estimates of profit of 80 cents and revenue of $3.62 billion.

Today's Market Focus

• June 10-year T-notes this morning are down -3 ticks. T-note prices yesterday closed lower as the stock market rallied and after US exiting home sales rose more than expected: TYM11 -11, FVM11 -8.2, EDU11 unchanged. Bearish factors included (1) the larger-than-expected increase in Mar US existing home sales (+3.7% to 5.10 million versus expectations of +2.5% to 5.00 million), (2) reduced safe-haven demand for Treasuries after the stock market rallied sharply, and (3) inflation concerns after gold prices surged to an all-time high. Bullish factors included (1) a possible increase in the safe-haven demand for Treasuries on concern the European sovereign-debt crisis may worsen after credit-default swaps to insure Greek and Portuguese government debt climbed to all-time highs, and (2) the action by the Fed to buy $1.5 billion of TIPS as part of its QE2 asset-purchase program.
• The dollar index this morning is weaker and at a 2-2/3 year low with the dollar/yen -0.53 yen and the euro/dollar +0.82 cents. The dollar index yesterday plummeted to a 16-1/2 month low as commodity currencies rallied and as surging equity markets reduced the dollar's safe-haven demand: Dollar Index -0.661, USDJPY -0.030, EURUSD +0.01886. Bearish factors included (1) a rally in commodity currencies as the Australian dollar rose to a record $1.0599 against the US dollar, the strongest since it was freely floated in 1983, and the Canadian dollar climbed to a 3-1/4 year high against the dollar after commodities rallied on expectations for further global economic growth, (2) strength in the euro which climbed to a 15-month high against the dollar as European debt concerns eased when demand for a Spanish auction of government debt strengthened, and (3) reduced safe-haven demand for the dollar after the equity market rallied sharply. Bullish factors included (1) the larger-than-expected increase in Mar US existing home sales, which signals economic strength and is supportive for the dollar, and (2) a possible increase in the safe-haven demand for the dollar after ECB Council member Nowotny warned that a restructuring of Greek government debt could lead to a debt spiral as "the fear could spread on financial markets that this may become a precedent."
• June crude oil prices this morning are trading up +78 cents a barrel and June gasoline is +2.02 cents per gallon. Crude oil and gasoline prices yesterday rallied sharply on a slump in the dollar and the unexpected decline in weekly crude inventories: CLM11 +$3.17, RBM11 +4.91. June crude posted a 1-week high. Bullish factors included (1) the slide in the dollar index to a 16-1/2 month low, which encourages investment demand in commodities, (2) the unexpected decline in weekly crude oil inventories (-2.32 million bbl versus expectations of +1.35 million bbl), (3) the -1.58 million bbl decline in weekly gasoline inventories which fell for the ninth consecutive week to a 5-month low of 308.1 million bbl, and (4) the rally in the S&P 500 to a 1-week high, which bolsters confidence in the economic outlook and energy demand. Bearish factors included (1) weakened demand for gasoline after US gasoline demand in the week ended Apr 15 fell -1.2% w/w to 9.06 million barrels a day, and (2) the larger-than expected increase in the weekly refinery utilization rate, which bodes well for increased output of gasoline and distillate products in the weeks ahead (+1.1 to 82.5% versus expectations of +0.9 to 82.3%).

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) GE-General Electric (BEST earnings consensus $0.28), PM-Philip Morris International (1.05), SLB-Schlumberger (0.76), VZ-Verizon Communications (0.50), MCD-McDonalds (1.14), DD-Du Pont (1.37), UNH-UnitedHealth Group (0.88), HON-Honeywell International (0.82), MS-Morgan Stanley (0.40), BLK-BlackRock (2.75), DNH-Danaher (0.57), PNC-PNC Financial Services Group (1.37), BAX-Baxter International (0.93), NEM-Newmont Mining (1.01), COV-Covidien PLC (0.89).
Global Financial Calendar

Thursday 4/21/11
United States
0830 ET	Weekly initial unemployment claims expected ?22,000 to 390,000, previous +27,000 to 412,000. Weekly continuing claims expected -5,000 to 3.675 million, previous 58,000 to 3.680 million.
1000 ET	Feb FHFA house price purchase index expected ?0.3% m/m, Jan ?0.3% m/m.
1000 ET	Mar leading indicators expected +0.3%, Feb +0.8%.
1000 ET	Apr Philadelphia Fed manufacturing index expected ?7.0 to 36.4, Mar +7.5 to 43.4.
1100 ET	Treasury announces amounts of 2-year T-notes (previously $35 billion), 5-year T-notes (previously $35 billion) and 7-year T-notes (previously $29 billion) to be auctioned Apr 26-28.
1130 ET	Treasury auctions $14 billion 5-year TIPS
1630 ET	Weekly money supply report and Fed balance sheet.
Japan
0100 ET	Revised Feb Japan coincident index CI, previous 106.3. Revised Feb leading index CI, previous 104.2.
Germany
0400 ET	Apr German IFO business climate expected ?0.6 to 110.5, Mar ?0.2 to 111.1. Apr IFO current assessment expected ?0.3 to 115.5, Mar +1.0 to 115.8. Apr IFO expectations expected ?1.0 to 105.5, Mar ?1.4 to 106.5.
United Kingdom
0430 ET	Mar UK retail sales ex auto fuel expected ?0.4% m/m and +0.8% y/y, Feb ?1.0% m/m and +1.2% y/y.
0430 ET	Mar UK retail sales with auto fuel expected ?0.5% m/m and +0.9% y/y, Feb ?0.8% m/ma and +1.3% y/y.
Canada
0830 ET	Feb Canada retail sales expected +0.5% m/m and +0.5% less autos, Jan ?0.3% and unchanged less autos.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Diebold (DBD) Barchart Chart of the Day 4/21

Barchart.coms

Chart of the Day - Diebold (DBD)

Barchart Research Team - Barchart.com - Wed Apr 20, 6:01PM CDT

Related Stocks

 DBD - Diebold Inc.

Sym	Last	Chg	Pct
DBD	36.61	+1.52	+4.33%

The "Chart of the Day" is Diebold (DBD), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Diebold also showed up on Barchart's "Gap Up" and the "NYSE 2-year High" list. Diebold on Wednesday rallied by 4.33% and posted a new 3-1/2 year high of $36.78. In recent news on the stock, Gabelli on Feb 15 upgraded Diebold to a Buy from a Hold with a target of $52 due to the company's strong Q4 results and a pickup in the regional banking industry. Diebold, with a market cap of $2.3 billion, sells automated teller machines, electronic and physical security systems, and software and integrated systems for global financial and commercial markets.


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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