Sugar ETF looks sweet

I was screening on Barchart for a commodity ETF with the best current momentum and noticed the
 UBS Sugar ETF (SGG) with 14 new highs and up 17.07% in the last month.

The Dow Jones-AIG Sugar Total Return Sub-Index (SGG)  is a sub-index of the Dow Jones-AIG Commodity Index Total Return and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Dow Jones-AIG Sugar Total Return Sub-Index is a single-commodity sub-index currently consisting of one futures contract on the commodity of sugar, which is included in the Dow Jones-AIG Commodity Index Total Return.

Barchart Technical Indicators:

• 60% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20 and 50 day moving averages
• 14 new highs and up 17.07% in the last month
• Relative Strength Index 67.72% and climbing
• Trades around 81.58 with a 50 day moving average of 74.64

General Investor Sentiment:

• On Motley Fool readers don't usually follow the ETFs they like to pick individual stocks but of the 59 readers that posted an opinion 88% were positive
• CAPS members voted 38 to 4 that the ETF would out perform the market
• The All Stars voted 14 to 3 for the same result

Summary:  When investing in ETFs price momentum is the major concern.  You have that in the UBS Sugar ETF (SGG)

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 6/10

Barchart Morning Call

Barchart.com - 1 hr 15 mins ago

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 down -0.36% and Sep S&Ps down -4.00 points. The euro fell to a 1-week low against the dollar and Treasuries and bund prices gained due to the ongoing European sovereign-debt crisis as credit-default swaps insuring Greek government debt climbed 7 bp to a record 1,530, while Portugal's rose 3 bp to an all-time high 722. ECB Vice President Constancio said that the "burden is not on us" to solve Greece's crisis as the central bank rejects any direct participation in a second bailout for Greece with European governments continuing to squabble over how to fix the debt crisis. Weaker-than-expected factory output in France helped undercut stock prices after Apr French industrial production unexpectedly slipped -0.3% m/m, weaker than expectations of a +0.4% m/m increase. The British pound fell to a 2-week low against the dollar after Apr UK industrial production unexpectedly fell -1.7% m/m, weaker than expectations of no change and the biggest decline in 20 months. Limiting declines in European stocks was the action by the Bundesbank to raise its forecasts for German growth to 3.1% this year and 1.8% in 2012, higher than Feb estimates of 2.5% for this year and 1.5% for 2012. The Bundesbank also predicts that German inflation will average 2.5% this year before falling to 1.8% in 2012 and that the unemployment rate will continue to decline, falling to 6.5% in 2012 from 7.0% this year.
• The Asian stock markets today closed mixed with Japan up +0.50%, Hong Kong -0.84%, China +0.34%, Taiwan -1.81%, Australia +0.27%, Singapore -0.62%, South Korea -1.25%, India -0.63%. China reported a May trade surplus of $13.1 billion, smaller than expectations of $19.6 billion, as surging imports signal China's domestic demand may support global growth while also adding pressure for higher interest rates. May China exports rose +19.4% y/y, slightly weaker than expectations of +20.4%, while May China imports rose +28.4% y/y, stronger than expectations of +22.5% y/y. China's May passenger car sales fell -0.1% y/y to 1.04 million units, the first decline since Jan 2009 after Japanese automakers cut production due to supply shortages caused by Japan's Mar earthquake. South Korean stocks closed lower after the Bank of Korea raised its benchmark 7-day repurchase rate by 25 bp to 3.25%, its third increase this year, in an attempt to rein in inflation that has exceeded its target range and curb record household debt.

Overnight U.S. Stock News

• September S&Ps this morning are trading down -4.00 points. The US stock market yesterday rallied after the US trade deficit unexpectedly narrowed amid record exports along with positive comments from Philadelphia Fed President Plosser: Dow Jones +0.63%, S&P 500 +0.74%, Nasdaq Composite +0.35%. The S&P 500, the Dow and the Nasdaq all fell to 2-1/2 month lows. Bullish factors for stocks included (1) the unexpected narrowing of the Apr US trade deficit to -$43.7 billion from -$46.8 billion in Mar, which indicates economic strength and is positive for Q2 GDP, (2) comments from Philadelphia Fed President Plosser who said "I expect the economy to expand at a moderate pace and for inflation to move back down from its current level as oil prices stabilize," (3) strength in energy producers after crude oil rose to a 1-week high, and (4) a rally in fertilizer producers and makers of agriculture machinery after corn prices surged to a record when the USDA cut its corn production and supply estimates.
• Bearish factors included (1) the unexpected increase in weekly US initial unemployment claims (+1,000 to 427,000 versus expectations of -3,000 to 419,000), (2) concern the European sovereign-debt crisis will worsen after credit-default swaps to insure the government debts of Greece, Portugal and Ireland all surged to records, and (3) comments from Fed Vice Chairman Yellen who said she sees no quick or easy solutions for the problems still afflicting the US housing market that will undergo a "long, drawn-out recovery."

Today's Market Focus

• September 10-year T-notes this morning are up +10 ticks. T-note prices yesterday rallied early on the unexpected increase in weekly jobless claims but shed their gains and turned lower on reduced safe-haven demand after the stock market rallied: TYU11 -14.5, FVU11 -11.2, EDZ11 -1.5. The 10-year T-note yield dropped to a 6-month low of 2.92% before moving back up to 3.00%. Bearish factors included (1) reduced safe-haven demand for Treasuries after the equity market rallied, (2) the unexpected narrowing of the Apr US trade deficit to -$43.7 billion from -$46.8 billion in Mar, which indicates economic strength and is positive for Q2 GDP, and (3) the $13 billion Treasury auction of 30-year T-bonds that were sold at a yield of 4.238%, higher than expectations of 4.216% and a sign of weak demand. Bullish factors included (1) the unexpected increase in weekly US initial unemployment claims (+1,000 to 427,000 versus expectations of -3,000 to 419,000), and (2) comments from Philadelphia Fed President Plosser who said "I expect the economy to expand at a moderate pace and for inflation to move back down from its current level as oil prices stabilize."
• The dollar index this morning is higher with the dollar/yen -0.26 yen and the euro/dollar -0.48 cents. The dollar index yesterday strengthened on speculation the ECB may limit further interest rate hikes after it lowered its 2012 Euro-Zone growth estimates: Dollar Index +0.262, USDJPY +0.476, EURUSD -0.00729. Bullish factors included (1) the unexpected narrowing of the Apr US trade deficit, (2) weakness in the euro after the ECB cut its 2012 Euro-Zone GDP estimate to 0.6% to 2.8% from an earlier estimate of 0.8% to 2.8%, which bolsters speculation the ECB may limit any further interest rate hikes, and (3) concern the European sovereign-debt crisis will worsen after credit-default swaps to insure the government debts of Greece, Portugal and Ireland all surged to records. Bearish factors included (1) the unexpected increase in weekly initial US unemployment claims, which hints at economic weakness and is dollar negative, and (2) comments from ECB President Trichet that hint at an ECB interest rate hike next month when he said "strong vigilance" is warranted to contain inflation.
• July crude oil prices this morning are trading down -$1.08 a barrel and July gasoline -1.32 cents per gallon. Crude oil and gasoline prices yesterday moved higher on carry-over support from OPEC's decision to not raise crude production along with an unexpected narrowing of the Apr US trade deficit: CLN11 +$1.19, RBN11 +6.11. Jul crude and Jul gasoline posted 1-week highs. Bullish factors included (1) carry-over strength from Wednesday?s rally after OPEC failed to increase production quotas, (2) the unexpected narrowing of the Apr US trade deficit, which signals economic strength and is positive for energy demand, and (3) the rally in stocks which bolsters optimism in the economic outlook and energy demand. Bearish factors included (1) strength in the dollar, which discourages investment demand in commodities, and (2) the unexpected increase in weekly US initial unemployment claims, which indicates labor market weakness that may hold back fuel demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) LULU-Lululemon Athletica (BEST earnings consensus $0.38), CZZ-Cosan Ltd. (0.25), CRAI-CRA International (0.40).
Global Financial Calendar

Friday 6/10/11
United States
0830 ET	May import price index expected -0.7% m/m and +11.2% y/y, Apr +2.6% m/m and +11.1% y/y.
0900 ET	New York Fed President William Dudley speaks to the Brooklyn Chamber of Commerce.
1400 ET	May monthly budget statement expected -$136.0 billion, Apr -$40.488 billion.
Germany
0200 ET	Revised May German CPI (EU harmonized) expected no change at -0.2% m/m and +2.4% y/y.
0200 ET	May German wholesale price index, Apr +0.2% m/m and +9.2% y/y.
France
0245 ET	Apr French industrial production expected +0.4% m/m and +3.9% y/y, Mar -0.9% m/m and +3.3% y/y.
0245 ET	Apr French manufacturing production expected +0.3% m/m and +4.1% y/y, Mar -1.0% m/m and +4.6% y/y.
Euro-Zone
0250 ET	ECB President Jean-Claude Trichet speaks at a conference in Frankfurt.
United Kingdom
0430 ET	Apr UK industrial production expected unchanged m/m and +1.3% y/y, Mar +0.3% m/m and +0.7% y/y.
0430 ET	Apr UK manufacturing production expected -0.1% m/m and +3.4% y/y, Mar +0.2% m/m and +2.7% y/y.
0430 ET	May UK PPI input expected -1.0% m/m and +16.2% y/y, Apr +2.6% m/m and +17.6% y/y.
0430 ET	May UK PPI output expected +0.3% m/m and +5.3% y/y, Apr +0.8% m/m and +5.3% y/y.
0430 ET	May UK PPI output core expected +0.3% m/m and +3.4% y/y, Apr +0.6% m/m and +3.4% y/y.
Canada
0700 ET	May Canada net change in employment expected +25,000, Apr +58,300. May unemployment rate expected unchanged at 7.6%, Apr -0.1 to 7.6%.
0830 ET	Q1 Canada labor productivity, Q4 +0.5% q/q.

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

Cigna - Barchart Chart of the Day

Barchart.com's Chart of the Day - Cigna (CI)

Barchart Research Team - Barchart.com - Thu Jun 09, 5:23PM CDT

Related Stocks

CI - Cigna Corp.

Sym	Last	Chg	Pct
CI	50.40	+2.16	+4.48%

The "Chart of the Day" is Cigna (CI), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Cigna on Thursday rallied by 4.48% to post a new 3-1/2 year high. In recent news on the stock, Credit Suisse said on June 1 that Cigna's selection of Ralph Nicoletti as its new CFO may indicate the insurer is shopping itself around as a acquisition target based on his experience. Citigroup on May 13 upgraded Cigna to Buy from Hold and raised its target to $57 from $50, but Citadel on June 6 downgraded Cigna to Neutral from Add and lowered its price target to $55 from $58 due to valuation concerns. Cigna Corp, with a market cap of $13 billion, is a US-based insurance company providing health care products and services, group life, accident and disability insurance, retirement products and services and investment management.


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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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

Barchart Moring Call 6/9

Barchart Morning Call

Barchart.com - 1 hr 35 mins ago

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 down -0.07% and June S&Ps up +4.20 points. The euro strengthened against the dollar on speculation that ECB President Trichet will signal at today's monetary policy meeting for additional interest rate hikes starting next month. As expected, the BOE kept its benchmark rate at 0.50% and held its asset purchase target at 200 billion pounds following the conclusion of its monetary policy meeting. European stocks were undercut after the May Bank of France business sentiment fell -3 to 103, more than expectations of -1 to 106 and its lowest level in 8 months. Treasuries strengthened on comments from Philadelphia Fed President Plosser who said at a speech in London that "I expect the economy to expand at a moderate pace and for inflation to move back down from its current level as oil prices stabilize." Acting IMF head Lipsky said his organization is standing by its forecast for 4.4% global growth this year even as developed economies hit a "soft patch."
• The Asian stock markets today closed mixed with Japan up +0.19%, Hong Kong -0.23%, China -1.89%, Taiwan -0.07%, Australia +0.28%, Singapore -0.17%, South Korea -0.74%, India -0.05%. Chinese stocks closed lower, led by declines in real estate companies and property developers, amid concern the PBOC will continue to tighten monetary policy even as the global economy falters. China's seven-day repurchase rate, which measures interbank funding availability, rose 31 bp to 4.13%, the highest level this month on concerns the PBOC will lift interest rates to help damp inflation. Japanese stocks finished higher after the yen fell back from a 1-month high against the dollar and after Q1 Japan GDP was revised higher to a -3.5% annualized contraction from the originally reported -3.7% annualized decline.

Overnight U.S. Stock News

• June S&Ps this morning are trading up +4.20 points. The US stock market yesterday gyrated on either side of unchanged and moved lower late and finished on its lows on concern the global economy is slowing: Dow Jones -0.18%, S&P 500 -0.42%, Nasdaq Composite -0.97%. The S&P 500, the Dow and the Nasdaq all fell to 2-1/2 month lows. Bearish factors for stocks included (1) the action by the World Bank to lower its global growth projection for this year to 3.2% from a Jan forecast of 3.3%, (2) the unexpected decline in Apr German industrial production, which reinforced concern that the global economic recovery is slowing, and (3) weakness in banks and credit-card issuers after the Senate voted on a bill that would let the Fed lower debit-card "swipe" fees, which may cut into bank profits.
• Bullish factors included (1) strength in energy producers as crude oil surged after weekly inventories fell more than expected and OPEC failed to raise its production quotas, (2) the Fed's Beige Book that stated the economy expanded at a "steady pace" in most of the US while slowing in 4 of 12 regions as consumers contended with higher food and fuel prices, and (3) gains in defensive stocks such as health care, consumer staples, and utilities as these companies are considered havens during an economic slowdown.

Today's Market Focus

• September 10-year T-notes this morning are up +5 ticks. T-note prices yesterday moved higher on carry-over support from Tuesday's comments from Fed Chairman Bernanke that the US recovery is "frustratingly slow" along with the action by the World Bank to lower its global growth estimates for this year: TYU11 +14.5, FVU11 +11.5, EDZ11 +0.5. The 10-year T-note yield dropped to a 6-month low of 2.932%. Bullish factors included (1) carry-over support from Tuesday's comments from Fed Chairman Bernanke that record monetary stimulus is still needed to boost a "frustratingly slow" recovery, which indicates the Fed is nowhere near ending its record stimulus anytime soon, (2) the action by the World Bank to lower its global growth projection for this year to 3.2% from a Jan forecast of 3.3%, (3) decent demand for the Treasury's $21 billion auction of reopened 10-year T-notes that had a bid-to-cover ratio of 3.23, stronger than the 12-auction average of 3.11, and (4) the action by the Fed to purchase $6.409 of Treasuries as part of its asset purchase program. Bearish factors included (1) the Fed's Beige Book that stated the economy expanded at a "steady pace" in most of the US while slowing in 4 of 12 regions as consumers contended with higher food and fuel prices, and (2) supply pressures ahead of the Treasury's $13 billion auction of 30-year T-bonds on Thu.
• The dollar index this morning is little changed with the dollar/yen +0.16 yen and the euro/dollar +0.23 cents. The dollar index yesterday moved higher as the euro weakened on weaker than expected European economic data along with concern the European sovereign debt crisis may worsen: Dollar Index +0.409, USDJPY -0.207, EURUSD -0.01083. Bullish factors included (1) concern the European debt crisis may worsen after the IMF said its 26 billion euro loan to Portugal "entails important risks," and (2) weaker-than-expected economic data on Apr German exports along with the unexpected decline in Apr German industrial production, which suggests slower European economic growth that is euro negative. Bearish factors included (1) speculation the dollar's interest rate differentials will remain weak after Fed Chairman Bernanke said the "frustratingly slow" US recovery warrants sustained monetary stimulus, and (2) the action by China to buy a net 1.33 trillion yen ($16.6 billion) in Japanese long-term government bonds in Apr, the most since records began in 2005, which suggests China may purchase fewer US dollar assets as it diversifies its world's largest currency reserves.
• July crude oil prices this morning are trading up +58 cents a barrel and July gasoline +0.34 of a cent per gallon. Crude oil and gasoline prices yesterday fluctuated between losses and gains and settled mixed as crude rallied after OPEC failed to raise its production quotas and weekly DOE crude inventories fell by the most this year while a larger-than-expected increase in weekly DOE gasoline inventories undercut gasoline: CLN11 +$1.65, RBN11 -1.32. Bullish factors included (1) the inability of OPEC to reach an agreement on crude production for the first time in 20 years as it maintained crude output at current levels after 6 members opposed a Saudi-Arabian led group that urged an increase in production quotas, and (2) the larger-than-expected fall in weekly DOE crude inventories which had their biggest decline this year (-4.84 million bbl versus expectations of -1.38 million bbl. Bearish factors included (1) the stronger dollar, and (2) the larger-than-expected increases in weekly gasoline and distillate supplies (gasoline +2.21 million bbl versus expectations of +1.05 million bbl and distillates +810,000 bbl versus expectations of +125,000).

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) BF/B-Brown-Forman (BEST earnings consensus $0.64), SJM-JM Smucker (0.99), NSM-National Semiconductor (0.27), MTN-Vail Resorts (2.17), RLD-RealD (-0.08).
Global Financial Calendar

Thursday 6/9/11
United States
0400 ET	Philadelphia Fed President Charles Plosser speaks at the Society of Business Economists Annual Conference in London.
0830 ET	Weekly initial unemployment claims expected -3,000 to 419,000, previous -6,000 to 422,000. Weekly continuing claims expected -11,000 to 3.700 million, previous -1,000 to 3.711 million.
0830 ET	Apr trade balance expected -$48.8 billion, Mar -$48.2 billion.
1000 ET	Apr wholesale inventories expected +1.0%, Mar +1.1%.
1130 ET	Fed Vice Chairman Janet Yellen speaks at the Cleveland Fed’s policy conference on “Housing, Human Capital, and Inequality.”
1300 ET	Treasury auctions $13 billion 30-year T-bonds.
1630 ET	Weekly money supply report and Fed balance sheet.
Japan
0100 ET	May Japan consumer confidence expected +1.4 to 34.5, Apr -5.5 to 33.1.
0200 ET	Preliminary May Japan machine tool orders, Apr +32.3% y/y.
1950 ET	Apr Japan tertiary industry index expected +2.7% m/m, Mar -6.0% m/m.
1950 ET	May Japan domestic CGPI expected +0.2% m/m and +2.5% y/y, Apr +0.9% m/m and +2.5% y/y.
France
0100 ET	Revised Q1 French non-farm payrolls expected no change at +0.4% q/q.
0230 ET	May Bank of France business sentiment expected -1 to 106, Apr -3 to 107.
United Kingdom
0700 ET	BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate and no change to the 200 billion pound asset purchase target).
Euro-Zone
0745 ET	ECB announces interest rate decision (expected no change to the 1.25% 2-week refinancing rate).
0830 ET	ECB President Jean-Claude Trichet speaks at monthly press conference.
Canada
0830 ET	Apr Canada new housing price index, Mar unchanged m/m and +1.9% y/y.
CHI
2200 ET	May China trade balance expected +$19.80 billion, Apr +$11.42 billion. May exports expected +22.0% y/y, Apr +29.9% y/y. May imports expected +22.5% y/y, Apr +21.8% y/y.

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

Coca-Cola Femsa - Barchart Chart of the Day

Barchart.coms Chart of the Day - Coca Cola Femsa (KOF)

Barchart Research Team - Barchart.com - Wed Jun 08, 6:35PM CDT

Related Stocks

KOF - Coca Cola Femsa S.A.B. De C.V.

Sym	Last	Chg	Pct
KOF	87.40	+0.49	+0.56%

The "Chart of the Day" is Coca Cola Femsa (KOF), which showed up on Wednesday's Barchart "All Time High" list. KOF on Wednesday rallied by 0.56% and posted a new all-time high of $87.73. TrendSpotter has been long KOF since March 24 at $77.28. In recent news on the stock, Credit Suisse on June 3 upgraded KOF to Neutral from Underperform. Deutsche Bank on May 31 upgraded KOF to Hold from Sell and raised its price target to $82 from $70.25 due to better than expected profit margins. Scotia Bank on May 5 upgraded KOF to Outperform from Sector Perform. Coca Cola Femsa, with a market cap of $16 billion, is a major beverage bottler and distributor in Mexico and Central/South America.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
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

---

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

Graphics Packaging sell signals

This morning there were sell signals on Barchart for Graphic Packaging (GPK) so I deleted it from the Barchart Van Meerten New High portfolio for negative price momentum.

Barchart technical indicators:

• 60% Barchart short term sell signals
• Trend Spotter sell signals
• Below its 20, 50 and 100 day moving averages
• 18.23% off its recent high
• Relative Strength Index 34.13% and falling

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 6/7

Barchart Morning Call

Barchart.com - 34 mins ago

Overnight Developments

• Global stocks are higher with the European Euro Stoxx 50 up +0.20% and June S&Ps up +6.50 points. The dollar index slipped to a 1-month low and most commodities are higher on optimism over the European debt crisis. The euro climbed to a 1-month high against the dollar after ECB President Trichet said a rollover of Greek debt as an alternative means of easing Greece's funding squeeze "is not a default, and is something the ECB would consider appropriate." The ECB has been opposed to any measure that could be classified as a default to avoid what EU Economic and Monetary Affairs Commissioner Rehn said would be a "Lehman Brothers catastrophe." European stocks were also boosted by better-than-expected economic data as Apr Euro-Zone retail sales rose +0.9% m/m and +1.1% y/y, stronger than expectations of +0.3% m/m and unchanged y/y, while Apr German factory orders advanced +2.8% m/m and +10.5% y/y, stronger than expectations of +2.0% m/m and +9.1% y/y. Crude oil prices slipped in overnight trade after a Gulf delegate said OPEC will raise its oil output target tomorrow. Speculation has been building that Saudi Arabia is seeking an agreement to boost production by as much as 1.5 million barrels a day.
• The Asian stock markets today closed mixed with Japan up +0.67%, Hong Kong -0.35%, China +0.60%, Taiwan +0.12%, Australia -0.06%, Singapore +0.07%, South Korea -0.67%, India +0.41%. The yen fell back from a 1-month high against the dollar and lifted Japanese exporters after Japan's Finance Minister Noda said "I will closely monitor developments in the markets." Chinese stocks closed higher despite the report from the Economic Information Daily that said the PBOC may raise interest rates by 25 bp this weekend and may increase banks' reserve requirement ratios by 50 bp next week after inflation and other economic indicators are released. The RBA left its benchmark interest rate unchanged for a sixth straight meeting and signaled little urgency to increase borrowing costs as a stronger currency helps contain inflation. RBA Governor Stevens held Australia's overnight cash rate at 4.75% and said "inflation will be close to target over the next 12 months."

Overnight U.S. Stock News

• June S&Ps this morning are trading up +6.50 points. The US stock market yesterday settled modestly lower on weakness in bank stocks along with growing concern that economic growth continues to slow: Dow Jones -0.50%, S&P 500 -1.08%, Nasdaq Composite -1.11%. The Dow and S&P 500 fell to 2-1/4 month lows while the Nasdaq posted a 1-1/2 month low. Bearish factors for stocks included (1) weakness in bank stocks led by Wells Fargo which declined after well-known bank analyst Bove cut his recommendation on the bank to "sell" from "neutral," citing a poor economic environment. weak housing prices, slowing manufacturing indicators and a negative regulatory environment, and (2) interest rate concerns after Philadelphia Fed President Plosser said an exit from stimulus measures should start "long before" a recovery in the US jobs market is assured.
• Bullish factors included (1) speculation that fund managers may begin to scoop up cheaply priced US stocks on valuation after the S&P 500 fell to 12.4 times its companies' estimated operating earnings, its cheapest valuation in 9 months, and (2) strength in mining stocks and metal producers as the price of gold rallied to a 1-month high and after Goldman Sachs reiterated its "buy" recommendation on Freeport-McMoRan Copper & Gold.
• International Paper (IP) climbed 2.7% in pre-market trading after the world's largest pulp-and-paper maker made a $3.31 billion hostile takeover bid for rival Temple-Inland Inc.

Today's Market Focus

• September 10-year T-notes this morning are down -5 ticks. T-note prices yesterday closed mixed as an increase in safe-haven demand offset supply concerns and hawkish comments from Philadelphia Fed President Plosser: TYU11 +0.5, FVU11 +2.0, EDZ11 unchanged. Bullish factors included (1) the Fed's action to purchase $6.397 billion of Treasuries as part of its QE2 asset purchase program, and (2) increased safe-haven demand for Treasuries after the S&P 500 slumped to a 2-1/4 month low. Bearish factors included (1) comments from Philadelphia Fed President Plosser who said an exit from stimulus measures should start "long before" a recovery in the US jobs market is assured, 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 and at a 1-month low with the dollar/yen +0.10 yen and the euro/dollar +0.88 cents at a 1-month high. The dollar index yesterday sank to a 1-month low on speculation the Fed will lag behind other central banks in raising interest rates but recovered its losses and closed higher after the euro weakened on increased European sovereign-debt concerns: Dollar Index +0.169, USDJPY -0.174, EURUSD -0.00586. Bullish factors included (1) the larger-than-expected decrease in Jun Euro-Zone Sentix investor confidence which fell to an 11-month low and is euro negative, and (2) increased safe-haven demand for the dollar on concern a Greek default would devastate European banks after data from the BIS showed that at the end of 2010, Greek government bonds held by banks in countries reporting to the BIS totaled $54.2 billion, of which 96% was owned by European lenders. Bearish factors included (1) speculation the Fed will lag behind other global central banks in raising interest rates, which will further weaken the dollar's interest rate differentials, and (2) strength in the yen which rose to a 1-month high against the dollar on increased safe-haven demand as global equity markets fell on concern over the sustainability of the economic recovery.
• July crude oil prices this morning are trading down -36 cents a barrel and July gasoline -0.23 of a cent per gallon. Crude prices were undercut in overnight trade after an OPEC delegate said the cartel will raise production quotas. Crude oil and gasoline prices yesterday weakened and closed lower on speculation the global economic recovery and fuel demand are starting to falter: CLN11 -$1.21, RBN11 -4.32. Bearish factors included (1) the larger-than-expected drop in Jun Euro-Zone Sentix investor confidence to an 11-month low, which may portend a slowdown in European economic growth and energy demand, and (2) overall commodity weakness on concern s global economic slowdown will lead to reduced demand for commodities, including crude. Bullish factors included (1) the early drop in the dollar index to a 1-month low, which boosted investment demand in commodities, and (2) the statement from Venezuela?s Oil Minister who said OPEC is unlikely to raise output quotas at this week's cartel meeting and that "We believe at the moment we're in balance."

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap) NAV-Navistar International (BEST earnings consensus $1.13), ULTA-Ulta Salon Cosmetics & Fragrance (0.31), BAH-Booz Allen Hamilton Holding (0.27), FGP-Ferrellgas Partners LP (0.54), ABM-ABM Industries (0.31), LDK-LDK Solar (0.82), BOBE-Bob Evans Farms (0.66), CMTL-Comtech Telecommunications (0.38), PBY-PEP Boys-Manny Moe & Jack (0.30), MOD-Modine Manufacturing (0.16). ALOG-Analogic (0.46), OXM-Oxford Industries (1.00).
Global Financial Calendar

Tuesday 6/7/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
1000 ET	Jun IBD/TIPP economic optimism expected -0.8 to 42.0, May +2.0 to 42.8.
1130 ET	Weekly 4-week T-bill auction.
1230 ET	Atlanta Fed President Dennis Lockhart speaks on the economic outlook to the Charlotte Economics Club.
1300 ET	Treasury auctions $32 billion 3-year T-notes.
1500 ET	Apr consumer credit expected +$5.000 billion, Mar +$6.016 billion.
1545 ET	Fed Chairman Ben Bernanke speaks at the International Monetary Conference in Atlanta, GA.
2100 ET	New York Fed President William Dudley speaks at the Foreign Policy Association Corporate Dinner in NY.
Japan
0100 ET	Apr Japan coincident index CI expected 103.7, Mar 103.5. Apr leading index CI expected 96.5, Mar 100.1.
1950 ET	Apr Japan current account balance expected -83.5% y/y, Mar -34.3% y/y.
Euro-Zone
0500 ET	Apr Euro-Zone retail sales expected +0.3% m/m and unchanged y/y, Mar -0.9% m/m and -1.7% y/y.
Germany
0600 ET	Apr German factory orders expected +2.0%^ m/m and +9.1% y/y, Mar -4.0% m/m and +9.7% y/y.

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

Nature's Sunshine Products - Barchart Chart of the dAY

Barchart.coms Chart of the Day - Natures Sunshine Products (NATR)

Barchart Research Team - Barchart.com - Mon Jun 06, 6:55PM CDT

Related Stocks

NATR - Nature's Sunshine Products

Sym	Last	Chg	Pct
NATR	14.84	+0.67	+4.73%

The "Chart of the Day" is Nature's Sunshine Products (NATR), which showed up on Monday's "Nasdaq 12-Month High" list. NATR on Monday rallied by 4.73% and posted a new all-time high of $15.40. TrendSpotter has been long on NATR since May 9 at $11.86. NATR in early May rallied sharply on a positive Q1 earnings report along with short-covering. Nature's Sunshine Products, with a market cap of about $200 million, manufactures and markets through direct sales encapsulated and tableted herbal products, high quality natural vitamins, and other complementary products.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. A stock that has posted a new All-Time high is typically showing strong upside momentum. We then used the Filter pull-down to select just Large Cap stocks.
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

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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

American Airlines sell signals

This morning I detected sell signals on American Airlines (AMR) on Barchart.  Really negative price momentum.

Barchart technical indicators:

• 72% Barchart overall technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 35.10% off its 6 month high
• Relative Strength Index is 34.02% and falling

Jim Van Meerten is a Marketocracy Master

Universal Corp sell signals

This morning I detected sell signals on Universal Corp (UVV) on Barchart.  There is a great negative price momentum.

Barchart technical indicators:

• 100% Barchart short term sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 15.09% off its recent high
• Relative Strength Index 25.98% and falling

Jim Van Meerten is a Marketocracy Master

Marinemax sell signals

This morning I detected sell signals from Marinemax (HZO) on Barchart.  The stock is experiencing negative price momentum.

• 60% Barchart short term sell signal
• Trend spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 23.33% off its recent high
• Relative Strength Index 35.46% and falling

Jim Van Meerten is a Marketocracy Master

Sunrise Senior Living sell signals

This morning I detected sell signals from Sunrise Senior Living (SRZ) on Barchart.  The stock is showing negative price momentum.

Barchart technical indicators:

• 100% Barchart short term sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 28.46% off its recent high
• Relative Strength Index is 37.32% and falling

Jim Van Meerten is a Marketocracy Master

Willis Group - Barchar Chart of the Day

Barchart.coms Chart of the Day - Willis Group (WSH)

Barchart Research Team - Barchart.com - Fri Jun 03, 7:57PM CDT

Related Stocks

WSH - Willis Group Holdings

Sym	Last	Chg	Pct
WSH	42.21	+0.17	+0.40%

The "Chart of the Day" is Willis Group (WSH), which showed up on Friday's Barchart "All Time High" list. Willis Group on Friday rallied by 0.40% and posted a new all-time high of $42.33. TrendSpotter issued a new Buy signal for Willis Group last Thursday at $42.04. In recent news on the stock, Willis Group on May 4 reported Q1 adjusted EPS of $1.28, higher than the consensus of $1.22. Janney Capital on March 15 upgraded Willis Group to Buy from Neutral. Willis Group, with a market cap of $7 billion, is a global insurance broker providing specialized risk management, advisory and other services to a broad range of corporate and institutional clients, with particular expertise in the construction, aerospace, marine and energy industries.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. A stock that has posted a new All-Time high is typically showing strong upside momentum. We then used the Filter pull-down to select just Large Cap stocks.
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