Spreadtrum buy signals

Barchart shows new highs on Spreadtrum Communications (SPRD)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter technical buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 23.37% in the last month
• Relative Strength Index 66.22% and rising
• Barchart computes a technical support level at 16.06
• Traded recently at 17.42 which is above its 50 day moving average of 14.95

Jim Van Meerten is a Marketocracy Master

Why I'm not buying Vale

Complete Article and Graphs

One of the most hyped stocks in the past year has been the Brazilian natural resources conglomerate Vale SA (VALE) traded as an ADR here in the US.  Most pundits pointed to the BRICs forecasts and noted that China and Brazil had the best growth prospects and since Vale was in Brazil and sent their raw materials to China this investment would be a no brainer.  Well I keep looking at the numbers and they don't seem to stack up for me.

Barchart technical indicators:

• 60% Barchart short term technical sell signal that is weakening
• Trend Spotter sell signal that is also weakening
• Trades below its 20, 50 and 100 day moving averages
• Recently lost 27.47% form its previous high
• Relative Strength Index is 39.01% and strenghtening
• Barchart computes a technical support level at 25.46
• Recently traded near 26.11 which is below its 50 day moving average of 29.82

Summary: I'm passing on recommending Vale SA (VALE) for a addition to my portfolio.  I realize that I'm not in agreement with most of the professional and individual investors.  I'm looking just straight at the numbers and I see sales and earnings only growing by less than 5%.  I like to see stocks growing sales and earnings by double digit forecasts.  The rate of growth in their 2 primary markets - Brazil and China seems to be slowing slightly.  The only bright spot is that the stock is selling at half the P/E ratio for the industry.  Sorry, but that's not enough for me' I'm passing on this one.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/26

Barchart Morning Call

Barchart.com - 2 hrs 4 mins ago

Overnight Developments

• Global stocks this morning are trading mixed with the Euro Stoxx 50 down -1.13% and Sep S&Ps down -0.20 of a point. Treasuries and the dollar are weaker and commodity prices are mixed ahead of Fed Chairman Bernanke's speech later today in Jackson Hole, Wyoming, and any indications about future Fed policy intentions. Gasoline prices retreated after Hurricane Irene was downgraded to a Category 2 as it moves north along the U.S. East Coast. According to the Energy Department, the U.S. East Coast has 10 operating oil refineries with a capacity of 1.21 million barrels a day, or about 7.1% of total U.S. operating capacity. Demand for dollars by European banks remains strong after the 3-month dollar Libor rate rose for the 24th consecutive day to 0.32278%, a 1-year high, while the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to 23.88 bp, also a 1-year high. The euro rose against the dollar after the Financial Times reported that Euro-Zone officials will discuss a new version of Finland's collateral agreement with Greece. A larger-than-expected increase in German import prices is helping to subdue stock prices after the Jul German import price index rose +0.8% m/m and +7.5% y/y, stronger than expectations of +0.3% m/m and +7.0% y/y.
• Asian stocks today closed mixed with Japan up +0.29%, China -0.09%, Australia -0.30%, South Korea +0.87%, India -1.84%. Speculation that the yen will weaken if Fed Chairman Bernanke avoids signaling any new stimulus measures boosted Japanese stocks today along with the resignation of Japanese Prime Minister Kan, whose popularity had plunged below 20%. Asian semiconductor chip makers rallied after the spot price of some dynamic-random-access-memory (DRAM) chips rose 3.2% yesterday, the first gain in almost 5 months, according to the Taiwan-based Dramexchange.

Overnight U.S. Stock News

• September S&Ps this morning are trading little changed ahead of Fed Chairman Bernanke's speech, down -0.20 of a point. The US stock market yesterday settled lower on carry-over weakness from a fall in European bourses along with an unexpected increase in weekly initial unemployment claims: Dow Jones -1.51%, S&P 500 -1.56%, Nasdaq Composite -1.95%. Bearish factors included (1) carry-over weakness from a slide in European stocks after French, Italian and Spanish regulators extended a ban on short selling along with speculation that Germany may impose a short-selling ban on stocks, (2) concern that Greece may default on its debt as Finland's demand for collateral on loans to Greece jeopardizes a second bailout package and sent Greek government debt yields to record highs, and (3) the unexpected increase in weekly initial U.S. unemployment claims to their highest level in 5 weeks (+5,000 to 417,000 versus expectations of -3,000 to 405,000).
• Bullish factors included (1) early strength in financial stocks after the action by Warren Buffet's Berkshire Hathaway to invest $5 billion in Bank of America, (2) comments from Kansas City Fed President Hoenig who said he "doesn't see a double-dip recession" and that the U.S. economy will continue to grow at a modest pace as consumers and businesses pare back excessive amounts of debt, and (3) speculation that Fed Chairman may allude to additional Fed stimulus to bolster the economy when he speaks at a Fed conference on Friday.
• Bank of Amreica (BAC) was 1.9% higher in European trading as it extended yesterday's gains made after Warren Buffet's Bershire Hathaway agreed to invest $5 billion in the bank.

Today's Market Focus

• September 10-year T-notes this morning are up +2.5 ticks. T-note prices yesterday moved higher after weekly U.S. jobless claims unexpectedly rose and after a slide in stock prices prompted an increase in safe-haven demand for Treasuries: TYU11 +13, FVU11 +8.5, EDZ11 unchanged. Bullish factors included (1) the unexpected increase in weekly initial U.S. unemployment claims to their highest level in 5 weeks (+5,000 to 417,000 versus expectations of -3,000 to 405,000) and (2) increased safe-haven demand for Treasuries after stocks declined and on concern Greece may default on its debt as Finland's demand for collateral on loans to Greece jeopardizes a second bailout package. Bearish factors included (1) weakened demand for the Treasury's $29 billion auction of 7-year T-notes that had a bid-to-cover ratio of 2.76, below the 12-auction average of 2.85, and (2) speculation that Fed Chairman Bernanke may not offer additional stimulus measures when he speaks at Jackson Hole, Wyoming on Friday.
• The dollar index this morning is weaker with the dollar/yen -0.50 yen and the euro/dollar +0.43 cents. The dollar index yesterday settled higher as the euro weakened after yields on Greek government debt rose to record highs on concern Greece may default on its debt: Dollar Index +0.267, USDJPY +0.488, EURUSD -0.00355. Bullish factors for the dollar included (1) increased safe-haven demand for the dollar after yields on Greek government debt rose to record highs on concern that Finland's demand for collateral on loans to Greece jeopardizes a second bailout package and may trigger a Greek default, (2) continued strong demand for dollars by European banks after the 3-month dollar Libor rate rose for the 23rd straight day to a 1-year high of 0.319%, and (3) weakness in the British pound which fell to a 1-1/2 week low against the dollar after an Aug UK retail sales index fell to its lowest level in 15 months. Bearish factors included (1) uncertainty over Fed Chairman Bernanke's speech on Friday and whether he will allude to additional stimulus measures to bolster the economy, which would undercut the dollar and (2) the unexpected increase in weekly initial U.S. unemployment claims to a 5-week high, which indicates labor market weakness and is dollar negative.
• Oct crude oil prices this morning are down -46 cents a barrel and Oct gasoline is -0.46 of a cent per gallon. Crude oil and gasoline prices yesterday finished higher as concern that Hurricane Irene may disrupt East Coast refinery production offset an increase in weekly U.S. jobless claims and equity market weakness: CLV11 +$0.14, RBV11 +4.59. Oct gasoline rose to a 3-week high. Bullish factors included (1) strength in gasoline on concern Hurricane Irene may move up the East Coast and damage and disrupt refinery production and fuel distribution and (2) speculation that Fed Chairman Bernanke on Friday may announce new measures to stimulate the economy and energy demand. Bearish factors included (1) a stronger dollar, which reduces investment demand in commodities, (2) the unexpected increase in weekly U.S. initial unemployment claims to their highest level in 5 weeks, which hints at labor market weakness that may dent fuel demand, and (3) a slide in stock prices which undercuts confidence in the economic outlook and energy demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): TIF-Tiffany (BEST earnings consensus $0.71), CZZ-Cosan Ltd. (0.16), MSG-Madison Square Garden (0.11), FRO-Frontline Ltd. (-0.36).
Global Financial Calendar

Friday 8/26/11
United States
0830 ET	Revised Q2 U.S. GDP expected +1.1% q/q annualized, previous +1.3% q/q annualized. Revised Q2 personal consumption expected +0.2%, previous +0.1%. Q2 GDP price index expected unrevised from +2.3%. Q2 core PCE deflator expected unrevised from +2.1% q/q.
0955 ET	Final Aug U.S. University of Michigan consumer confidence expected +0.9 to 55.8, previous -8.8 to 54.9.
1000 ET	Fed Chairman Ben Bernanke delivers a speech at the Kansas City Fed’s annual economic conference in Jackson Hole, Wyoming.
Germany
0200 ET	Jul German import prices index expected +0.3% m/m and +7.0% y/y, Jun -0.6% m/m and +6.5% y/y.
Euro-Zone
0400 ET	Jul Euro-Zone M3 money supply expected +2.3% 3-mo avg and +2.2% y/y, Jun +2.2% 3-mo avg and +2.1% y/y.
United Kingdom
0430 ET	Q2 U.K. GDP expected +0.2% q/q and +0.7% y/y, Q1 +0.2% q/q and +0.7% y/y.
0430 ET	Q2 U.K. total business investment, Q1 -3.2% q/q and +2.7% y/y.

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

Wisdom Tree Investments (WETF) Barchart Chart of the Day

Barchart.coms Chart of the Day - WisdomTree Investments (WETF)

Barchart Research Team - Barchart.com - Thu Aug 25, 6:38PM CDT

Related Stocks

WETF - Wisdomtree Invstmnts

Sym	Last	Chg	Pct
WETF	8.41	-0.20	-2.32%

The "Chart of the Day" is WisdomTree Investments (WETF), which showed up on Thursday's Barchart "Nasdaq 12-month High" list. WisdomTree on Thursday rallied sharply by 7.49% and posted a new all-time high. TrendSpotter has been Long on WisdomTree since Aug 12 at $8.05. In recent news on the stock, Piper Jaffray on Thursday initiated coverage on WisdomTree with an Overweight rating and a target of $9.75. WisdomTree Investments, with a market cap of $927 million, is an asset management firm that sponsors exchange-traded funds and other financial products.


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 Nasdaq 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 listed below. 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% Sell
• 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

Can Wal-Mart get any better?

Full Article and Charts

Anytime a natural disaster is coming Wal-Mart always anticipates what its customers will need to recover and has those items already in transit before the storm ever hits.  They could only do that because they have one of the most complete and comprehensive inventory control and logistics systems on this planet.  This is what gives Wal-Mart the competitive advantage over all other retailers.  They know what their customers need and want and they can purchase and get it on the shelves at the lowest possible cost.  How do they keep doing this?

Barchart technical indicators:

• Barchart 40% short term technical Buy signal getting stronger
• Trend Spotter technical Hold that should flop to a Buy near 54
• Trading above its 20, 50 and 100 day moving average
• 4 new highs in the last 5 days and up 3.53% for that period
• Relative Strength Index is 59.26% and rising
• Barchart computes a technical support level at 52.59
• The stock recently traded at 53.37 which is above its 50 day moving average of 52.29
• The price is only 5.89% off its one year high vs. 19.13% off for the market as measured by the Value Line Index

Summary: Wal-Mart (WMT) will make money and the only question is how much?  The company is predicted to make increases in both sales and earnings and analysts have noted that these projection appear to be rock solid.  I'm advising a buy because the growth projections for sales and earnings are better than the growth projections for the economy as a whole and the stock is trading at a 25% discount to the P/E ratio of the market as a whole.  If it all comes together investors buying in today should see a total return between 11% - 13% annually over the next 5 years.

Jim Van Meerten is a Marketocracy Master

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Activision is about to get its game on

Complete Article and Graphs

If you're under 35 you may never have used any of the products distributed by Activision (ATVI).  The do computer games

The price action is in recovery as this Barchart graph of the the price movement for the last 6 month versus the 20, 50 and 100 day moving averages shows.

Barchart technical indicators:

• On Barchart the sell signals are weakening and the buy signals are starting to strengthen
• At the present time Barchart has a short term Hold on this stock
• The Trend Spotter still has a technical sell signal but the sell signal is weakening
• The stock trades below its 20, 50 and 100 day moving averages as I write this article but it might break the 20 day moving average at any time
• In the last 5 days the stock hit 5 new highs but is up only a net of .82% for that period
• Barchart computes a technical support level at 10.79
• Relative Strength Index is at 47.73% and getting stronger
• It recently traded at 11.11 which is slightly below its 50 day moving average of 11.47

Summary:  Activision (ATVI) is a speculative stock combining computer technology and interactive entertainment.  The stock should do well if it continues to refresh and update their current game offerings but will do great if it will invest some of that positive cash flow to develop new and even more spectacular games in the future.  If the analysts sales and earnings projections materialize I look for investors entering at this price level to see an 18% - 23% annual  total return over the next 5 year period.  I know those projections seem wide but we are talking products that must attract the fad crazed youth market. To succeed there you must stay ahead of the curve.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/25

Barchart Morning Call

Barchart.com - 33 mins ago

Overnight Developments

• Global stocks this morning are trading mixed with the Euro Stoxx 50 up +0.23% and Sep S&Ps up +2.50 points. U.S. Nasdaq futures are weaker as Apple declined 4.7% after CEO Steve Jobs resigned. The dollar and Treasuries are weaker and commodities are mixed, with gold extending yesterday's slide down to a 2-week low today after the CME raised its gold trading margins for the second time this month. Greece's ASE Stock Index tumbled to its lowest level since 1996 as the yield on the 10-year Greek bond climbed to a record 18.54% on concern that Finland's demand for collateral on loans to Greece jeopardizes a second bailout package and may trigger a default on 18 billion euros ($26 billion) of Greek bonds. Demand for dollars from European banks remains strong as the 3-month dollar Libor rate gained for the 23rd straight day to a 1-year high of 0.319% while the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to 23.5 bp, also the most in a year. Credit Agricole SA, France's second-largest bank by assets, jumped 5.9% and led European bank stocks higher after it reported Q2 profit of 339 million euros, far above analysts' estimates of 187 million euros. The Sep German GfK consumer confidence survey fell -0.1 to 5.2, an 11-month low and right on expectations, while the British pound fell to a 1-week low against the dollar after Aug UK CBI reported sales slumped to -14, weaker than expectations of -10 and its lowest level in 15 months.
• Asian stocks today closed mostly higher with Japan up +1.54%, China +3.34%, Australia +1.08%, South Korea +0.84%, India -0.85%. Asian stocks closed higher after U.S. reports on durable goods orders and home prices were better-than-expected, which eases concern the U.S. economy is slowing and boosts the earnings outlook for exporters. Japanese exporters received an additional boost as the yen fell to a 2-week low against the dollar. Supporting gains in Chinese stocks was a rally in bank stocks led by 2.4% jump in Bank of China after it reported first-half profits jumped 28% to a record 66.5 billion yuan. Chinese rail lines also rose on speculation the Chinese government is increasing fiscal spending after the Shanghai Securities News reported that China plans to spend over 2.3 trillion yuan for new subway lines and sewage treatment. Limiting gains in Chinese stocks was the action by UBS AG to cut its 2011 China GDP forecast to 9.0% from 9.3% and to lower its 2012 China GDP estimate to 8.3% from 9.0%, citing weaker prospects for expansion in developed economies,

Overnight U.S. Stock News

• September S&Ps this morning are trading up +2.50 points. The US stock market yesterday traded mixed early and then rallied during the afternoon as better-than-expected Jul durable goods orders offset early weakness in technology stocks: Dow Jones +1.29%, S&P 500 +1.31%, Nasdaq Composite +0.88%. Bullish factors included (1) reduced concern about an economic slowdown after the stronger-than-expected Jul U.S. durable goods orders (+4.0% and +0.7% ex transportation versus expectations of +2.0% and -0.5% ex transportation) and (2) strength in homebuilders after the larger-than-expected increase in Jun FHFA house prices (+0.9% m/m versus expectations of +0.2% m/m).
• Bearish factors included (1) continued weakness in the U.S. housing market after the weekly MBA purchase mortgage sub-index fell -5.7% to its lowest level in 14-1/2 years, (2) reduced optimism that the Fed will increase its asset purchases after and a Washington Post article said that Fed Chairman Bernanke is unlikely to announce new stimulus plans this Friday at Jackson Hole, (3) concern the European debt crisis may worsen after the yield on Greek 2-year notes climbed to a record 41.77% on concern the second aid package to Greece won't go through if Finland sticks to its word and demands collateral for additional Greek aid, and (4) early weakness in technology stocks after Micron Technology tumbled after it reported a "significant shortfall" in demand for personal computers starting last month.
• Apple (AAPL) is down 4.2% in pre-market trading after CEO Steve Jobs resigned late yesterday.

Today's Market Focus

• September 10-year T-notes this morning are down -3.5 ticks. T-note prices yesterday closed lower for a third day after Jul durable goods orders and Jun FHFA house prices rose more than expected, which reduced concern that the economy was slowing: TYU11 -24, FVU11 -8.5, EDZ11 +7.0. Bearish factors included (1) the stronger-than-expected Jul U.S. durable goods orders (+4.0% and +0.7% ex transportation versus expectations of +2.0% and -0.5% ex transportation), (2) the larger-than-expected increase in Jun FHFA house prices (+0.9% m/m versus expectations of +0.2% m/m), (3) reduced optimism that the Fed will increase its asset purchases after and a Washington Post article said that Fed Chairman Bernanke is unlikely to announce new stimulus plans this Friday at Jackson Hole, (4) the 2.71 bid-to-cover ratio for the Treasury's $35 auction of 5-year T-notes, weaker than the 2.79 average of the past 12 auctions and a sign of slack demand, and (5) supply pressures ahead of the Treasury's $29 billion auction of 7-year T-notes on Thursday. Bullish factors included (1) increased safe-haven demand for Treasuries on concern the European debt crisis may worsen after the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to a 1-year high of 22.93 bp, and (4) continued weakness in the U.S. housing market after the weekly MBA purchase mortgage sub-index fell -5.7% to its lowest level in 14-1/2 years.
• The dollar index this morning is lower with the dollar/yen +0.20 yen and the euro/dollar +0.27 cents. The dollar index yesterday strengthened on a larger-than-expected increase in Jul U.S. durable goods orders along with reduced speculation that Fed Chairman Bernanke will announce new stimulus plans this Friday at a Fed conference in Jackson Hole: Dollar Index +0.118, USDJPY +0.330, EURUSD -0.00269. Bullish factors for the dollar included (1) a Washington Post article that said Fed Chairman Bernanke is unlikely to announce new stimulus plans at this Friday's Fed conference in Wyoming, (2) the stronger-than-expected Jul durable goods orders, which signals economic strength and is dollar supportive, (3) the greater-than-expected decline in the Aug German IFO business climate to a 14-month low, which is euro negative, and (4) the increase in the 3-month dollar Libor rate for the 22nd straight day to 1-year high of 0.31428% as demand remains strong from European banks for dollars.
• Oct crude oil prices this morning are up +55 cents a barrel and Oct gasoline is +1.82 cents per gallon. Crude oil and gasoline prices yesterday settled mixed as a stronger dollar undercut prices while a larger-than-expected increase in Jul U.S. durable goods orders and an unexpected decline in weekly DOE crude inventories boosted the crude complex: CLV11 -$0.28, RBV11 +0.86. Bullish factors included (1) the larger-than-expected increase in Jul U.S. durable goods orders, which signals economic strength that benefits energy demand, (2) the unexpected fall in weekly DOE crude inventories (-2.21 million bbl versus expectations of a +1.75 million bbl build), and (3) strength in stock prices, which bolsters confidence in the economic outlook and energy demand. Bearish factors included (1) a stronger dollar, which reduces investment demand in commodities, (2) the unexpected build in weekly DOE gasoline inventories (+1.36 million bbl versus expectations of a -1.0 million bbl decline), (3) the unexpected increase in the refinery capacity rate which matched a 1-year high and bodes well for further increases in gasoline and distillate products (+1.2 to 90.3% versus expectations of unchanged at 89.1%), and (4) slack demand after US gasoline demand last week dropped -2% to 9.01 million barrels a day, the lowest level for this time of year since 2002.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): HRL-Hormel Foods (BEST earnings consensus $0.35), PDCO-Patterson Cos. (0.44), MCRS-MICROS Systems (0.50), SIG-Signet Jewelers Ltd. (0.59), BIG-Big Lots (0.45), P-Pandora Media (0.00), ARUN-Aruba Networks (0.17), OVTI-Omnivision Technologies (0.71), SFL-Ship Finance International Ltd. (0.43), VHS-Vanguard Health Systems (0.09), DRYS-DryShips (0.17), SAFM-Sanderson Farms (-0.93), RGS-Regis (0.31).
Global Financial Calendar

Thursday 8/25/11
United States
0830 ET	Weekly initial unemployment claims expected -3,000 to 405,000, previous +9,000 to 408,000. Weekly continuing claims expected -2,000 to 3.700 million, previous +7,000 to 3.702 million.
1300 ET	Treasury auctions $29 billion 7-year T-notes.
1630 ET	Weekly money supply report and Fed balance sheet.
Germany
0200 ET	Sep German GfK consumer confidence survey expected -0.2 to 5.2, Aug -0.1 to 5.4.
United Kingdom
0600 ET	Aug UK CBI reported sales expected -10, Jul -5.
France
1200 ET	Jul French jobseekers-net change, Jun +33,600. Jul total jobseekers, Jun 2,720,400.
Japan
1930 ET	Aug Tokyo CPI expected -0.2% y/y, Jul +0.5% y/y. Aug Tokyo CPI ex-fresh food expected -0.1% y/y, Jul +0.4% y/y. Aug Tokyo CPI ex food & energy expected -0.6% y/y, Jul +0.3% y/y.
1930 ET	Jul Japan national CPI expected +0.1% y/y, Jun -0.4% y/y. Jul national CPI ex-fresh food expected -0.1% y/y, Jun -0.2% y/y. Jul national CPI ex food & energy expected -0.6% y/y, Jun -0.8% y/y.

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

Kimberly-Clark (KMB) Barchart Chart of the Day

Barchart.com's Chart of the Day - Kimberly-Clark (KMB)

Barchart Research Team - Barchart.com - Wed Aug 24, 5:01PM CDT

Related Stocks

KMB - Kimberly-Clark Corp.

Sym	Last	Chg	Pct
KMB	67.93	+0.67	+1.00%

The "Chart of the Day" is Kimberly-Clark (KMB), which showed up on Wednesday's Barchart TrendSpotter new Buy list and also on the All-Time High List. Kimberly-Clark on Wednesday edged to a new all-time high of $68.00 and closed up 1.00% at $67.93, just below that new high. A decisive rally above $68.00 would be a particularly bullish technical signal. In recent news on the stock, Barclays raised its rating on KMB to Equal Weight from Underweight due to dividend yield and growth expectations and raised its target to $69 from $60. BMO Capital on July 26 reiterated its Market Perform rating but raised its target to $71 from $62 after the company reported stronger than expected Q2 EPS of $1.18 versus the consensus of $1.15. Kimberly-Clark, with a market cap of $25 billion, is one of the world's largest consumer products companies.


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: 60% Buy
• Medium-Term Indicators: 50% Buy
• Long-Term Indicators: 100% Sell
• Overall Average 72% 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

Is Proctor & Gamble in both your pantry and portfolio?

Full Article and Graphs

There are certain stocks that just deserve to be in all long term, conservative portfolio and one of those should be Proctor and Gamble (PG).  If you need a stock with A ++ financial strength. earnings that are almost 100% predictable and has one of the most stable prices of any stock this is it.  Oh, did I mention a 3.44% dividend that is only 50% of earnings?

The chart for Barchart showing the price for the last 6 months against its 20, 50 and 100 day moving averages plus the Trend Spotter says buy before its too late:

Barchart technical indicators:

• 60% Barchart short term technical buy signal
• Trend Spotter hold signal about to cross over to buy
• Trading above its 20 and 50 day moving averages
• The Relative Strength Index is 57.98% and rising
• Barchart computes a technical support level at 61.26
• The stock recently traded at 63.19 which is above its 50 day moving average of 62.62

Summary: Proctor and Gamble (PG) should be a core holding in most long term conservative portfolios.  The sales and earning growth isn't spectacular but it is sure and steady and the 3.44% dividend is better than the 2.11% you can expect from a 10 year US Government bond. especially given the fact that PG keeps increasing the dividend.

Jim Van Meerten is a Marketocracy Master

Lake Entertainment hits new hits

This morning I added Lakes Entertainment (LACO) to the Barchart Van Meerten Speculative portfolio for adding 11 new highs in the last month

Barchart technical indicators:

• 100% Barchart short term technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 18.35% in the last month
• Relative Strength Index is 70.72% and rising
• Barchart computes a technical support level at 2.09
• Recently traded at 2.58 which is above its 50 day moving average of 2.22

Jim Van Meerten is a Marketocracy Master

Torch Energy (TRU) hits new highs

This morning I added Torch Energy Royalty Trust (TRU) to the Barchart Van Meerten Speculative portfolio for hitting 12 new highs in the last month.

Barchart technical indicators:

• 100% Barchart short term technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 41.71% in the last month
• Relative Strength Index 73.85% and rising
• Barchart computes a 52.49 technical support level
• Traded recently at 2.90 which is above its 50 day moving average of 2.02

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/24

Barchart Morning Call

Barchart.com - 18 mins ago

Overnight Developments

• Global stocks this morning are trading lower with the Euro Stoxx 50 down -0.35% and Sep S&Ps down -9.50 points. The dollar is little changed and Treasuries strengthened while most commodities are lower. Global stock prices were undercut after the Washington Post reported that Fed Chairman Bernanke is unlikely to announce new stimulus plans this Friday at Jackson Hole. The yield on Greek 2-year notes climbed 216 bp to a record 41.77% on concern the second aid package to Greece won't go through if Finland sticks to its word and demands collateral for additional Greek aid, while credit default swaps to insure European bank debt reached an all-time high of 257 bp. European banks continue to hoard dollars and after the 3-month dollar Libor rate rose for the 22nd straight day to 0.31428%, a 1-year high and the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to 22.93 bp, also the most in a year. European stocks also weakened after the Aug German IFO business climate fell -4.2 to 108.7, greater than the expected -1.9 point decline to 111.0 and its lowest level in 14 months. Another negative factor for stocks was the unexpected -0.7% m/m decline in Jun Euro-Zone industrial new orders, weaker than expectations of a +0.4% m/m increase.
• Asian stocks today closed mostly lower with Japan down -1.07%, China -0.39%, Australia -0.14%, South Korea -1.31%, India -1.29%. Japan today unveiled a $100 billion effort to help its companies cope with a strong yen as it will release foreign-exchange reserves to the state-run Japan Bank for International Cooperation for funding to aid exporters and spur purchases overseas. The yen remained stronger against the dollar even after Moody's today cut Japan's sovereign-credit rating one step to Aa3 with a stable outlook, citing "weak" prospects for economic growth that will make it difficult to rein in the world's largest public debt. Japanese banks closed lower and led losses in stocks after Moody's also cut the credit ratings of Japanese banks by one step on concern weaker public finances will reduce the government's ability to support banks in times of crisis. China Life tumbled 12% and led Chinese stocks lower after the insurer said first-half net income dropped -28% from a year earlier as declines in the nation's stock market hurt investment returns.

Overnight U.S. Stock News

• September S&Ps this morning are trading down -9.50 points. The US stock market yesterday settled sharply higher for a second day as the government's list of "problem" banks declined for the first time since 2006 along with speculation that Fed Chairman Bernanke will announce additional stimulus measures on Friday to spur the economy: Dow Jones +2.97%, S&P 500 +3.43%, Nasdaq Composite +4.29%. Bullish factors included (1) carry-over support from gains in European and Asian stocks as contraction in Chinese manufacturing eased and European manufacturing held steady in Aug, which eases concern that that global economic slowdown is deepening, (2) the Quarterly Banking Profile from the FDIC that showed its list of "problem" banks in Q2 fell by 23 to 865, the first decline since 2006, and (3) speculation that Fed Chairman Bernanke this Friday may announce additional measures to stimulate the economy.
• Bearish factors included (1) the larger-than-expected decline in Jul U.S. new home sales to their lowest level in 5 months (-0.7% to 298,000 versus expectations of -0.6% to 310,000), (2) the bigger-than-expected fall in the Aug Richmond Fed manufacturing index which contracted at its slowest pace in 2-years (-9 to -10 versus expectations of -4 to -5), (3) comments from former Fed Chairman Greenspan who said the euro is "breaking down" and is "creating very considerable difficulties" in the European banking system.
• La-Z-Boy (LZB) slumped 11% in pre-market trading after the company reported Q1 revenue of $280.1 million, weaker than analysts' estimates of $284.3 million.

Today's Market Focus

• September 10-year T-notes this morning are up +1.5 ticks. T-note prices yesterday settled lower on supply pressures and as stock prices rallied sharply: TYU11 -8.5, FVU11 -1.2, EDZ11 -4.0. Bearish factors included (1) reduced safe-haven demand for Treasuries after equity markets rallied sharply and (2) supply pressures ahead of the Treasury's $35 billion auction of 5-year T-notes on Wed. Bullish factors included (1) the larger-than-expected decline in Jul U.S. new home sales to their lowest level in 5 months (-0.7% to 298,000 versus expectations of -0.6% to 310,000), (2) the bigger-than-expected fall in the Aug Richmond Fed manufacturing index which contracted at its slowest pace in 2-years (-9 to -10 versus expectations of -4 to -5), (3) increased safe-haven demand for Treasuries on concern the European debt crisis may worsen after the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to a 1-year high of 22.48 bp, and (4) comments from former Fed Chairman Greenspan who said the euro is "breaking down" and is "creating very considerable difficulties" in the European banking system.
• The dollar index this morning is slightly lower with the dollar/yen -0.11 yen and the euro/dollar +0.18 cents. The dollar index yesterday closed lower as stock prices rallied along with speculation that Fed Chairman Bernanke this Friday will signal additional stimulus measures to boost the economy: Dollar Index -0.180, USDJPY -0.145, EURUSD +0.00833. Bearish factors for the dollar included (1) reduced safe-haven demand for the dollar as stocks rallied sharply, (2) speculation that the Fed may boost its stimulus measures to aid the economy, which would further weaken the dollar's interest rate differentials, and (3) the stronger-than-expected Aug Euro-Zone PMI composite, which is euro supportive. Bullish factors included (1) increased safe-haven demand for the dollar following comments from former Fed Chairman Greenspan who said the euro is "breaking down" and is "creating very considerable difficulties" in the European banking system, (2) the plunge in the Aug German ZEW economic sentiment to a 2-1/2 year low, which is euro negative, and (3) strong demand for dollars by European banks as the 3-month dollar Libor rate rose for the 21st straight day to 0.31178%, a 6-1/2 month high.
• Oct crude oil prices this morning are up +1 cent a barrel and Oct gasoline is -1.60 cents per gallon. Crude oil and gasoline prices yesterday moved higher as the dollar weakened and stock prices surged along with better-than-expected manufacturing data in China and Europe: CLV11 +$1.02, RBV11 +3.43. Bullish factors included (1) a weaker dollar, which boosts investment demand in commodities, (2) a rally in stock prices, which bolsters confidence in the economic outlook and energy demand, and (3) the increase in the Aug China HSBC manufacturing PMI and the stronger-than-expected Aug Euro-Zone PMI composite, which signals economic strength that benefits fuel demand. Bearish factors included (1) forecasts for Hurricane Irene to miss the Gulf Coast area, which reduces the risk of damage to U.S. crude installations and refiners and (2) weaker-than-expected U.S. economic data on Jul new home sales which fell to a 5-momth low and the plunge in the Aug Richmond Fed manufacturing index to a 2-year low, which signals reduced energy consumption. Expectations for Wednesday's weekly DOE inventory report are for crude oil supplies to increase 1.75 million bbl, gasoline stockpiles to fall -1.0 million bbl, distillate inventories to rise 1.0 million bbl and the refinery capacity rate to remain unchanged at 89.1%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): AMAT-Applied Materials (BEST earnings consensus $0.33), SLH-Solera Holdings (0.59), GES-Guess? (0.81), TOL-Toll Brothers (0.03), AEO-American Eagle Outfitters (0.11), HEI-Heico (0.40), EXPR-Express Inc. (0.15), GAME-Shanda Games Ltd. (0.18), GSM-Globe Specialty Metals (0.31), SMTC-Semtech (0.48), TIVO-TiVo (-0.21).
Global Financial Calendar

Wednesday 8/24/11
United States
0700 ET	Weekly MBA mortgage applications, previous +4.1% with purchase mortgage sub-index -9.1% and refinancing mortgage sub-index +8.0%.
0830 ET	Jul durable goods orders expected +2.0% and -0.5% ex transportation, Jun -1.9% and +0.4% ex transportation.
1000 ET	Jun FHFA house price purchase index expected +0.2% m/m, May +0.4% m/m. Q2 FHFA house price purchase index expected -0.4% q/q, Q1 -2.5% q/q.
1300 ET	Treasury auctions $35 billion 5-year T-notes.
Germany
0400 ET	Aug German IFO business climate expected -1.9 to 111.0, Jul -1.6 to 112.9. Aug IFO current assessment expected -1.3 to 120.1, Jul -1.9 to 121.4. Aug IFO expectations expected -1.8 to 103.2, Jul -1.2 to105.0.
Euro-Zone
0500 ET	Jun Euro-Zone industrial new orders expected unchanged m/m, May +3.6% m/m and +15.5% y/y.
United Kingdom
1901 ET	Jul UK nationwide consumer confidence expected -6 to 45, Jun -4 to 51.

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

McDonald's (MCD) Barchart Chart of the Day

Barchart.com's Chart of the Day - McDonald's (MCD)

Barchart Research Team - Barchart.com - Tue Aug 23, 6:23PM CDT

Related Stocks

MCD - Mcdonald's Corp.

Sym	Last	Chg	Pct
MCD	89.53	+1.77	+2.02%

The "Chart of the Day" is McDonald's (MCD), which showed up on Tuesday's Barchart "Top 100 Signals" list and also on the TrendSpotter new Buy list. McDonald's on Tuesday rallied by 2.02% and hit a new 1-month high of $89.56 that was only 1 cent below the all-time high of $89.57 posted in July. A decisive rally above that record high of $89.57 would be a particularly bullish technical signal. In recent news on the stock, Oppenheimer on Aug 17 upgraded McDonald's to Outperform from Perform and raised the price target to $100. Goldman Sachs on Aug 9 upgraded McDonald's to Conviction Buy from Neutral and set a price target of $96. McDonald's, with a market cap of $90 billion, is one of the world's largest fast-food chains.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Signals - Top 100 Stocks" list. The Top 100 Stocks ranks stocks by a combination of their overall opinion, signal strength and signal direction to come up with a list of the top 100 stocks by opinion. Each analytic used within the signals is rated by signal strength and direction. The strengths are allocated 10, 20, 30, 40 or 50 points; the directions are allocated 1, 2, 3, 4 or 5 points. This gives a maximum of 55 points per signal. The totals are added up depending on buy, sell and hold rating and ranked 1 to 100 for the top 100 bullish stocks and the top 100 bearish stocks. The signal strength and signal direction ratings are available from the advanced opinion pages. Signal strength and signal direction are independent of the signals rating.
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% Sell
• 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

Does Starbucks give you the jitters?

Full Article and Graphs

Does Starbucks (SBUX) give you the jitters?  This is one stock that seems all but unstoppable. The total return to stockholders has been 127 % in the last 3 years which is about 275 % of what you would have gotten from a general index fund.  Can this stock keep up the momentum or are we at a point that entry at this level is not desirable?

Barchart technical indicators:

• When there is a stock that has been on your watchlist for some time a temporary market dip might be an opportunity to enter into a position or maybe add to your present position
• Barchart 80% short term technical sell signal -- might be just a pull back signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 13.42% off its recent high
• Relative Strength Index 42.47 and still falling
• Barchart computes a technical support level at 34.65
• Recently trading at 35.43 which is below its 50 day moving average of 38.07

Summary: Starbucks (SBUX) is selling at a 43% premium to the market but the premium may be justified.  If the sales and earnings consensus is met savvy investors who buy on this dip could still see between 10.50% to 14.50% annual return over the next 5 years.  The big question is buy now or wait.  My prediction is those that wait will regret it.

Jim Van Meerten is a Marketocracy Master

Chesapeake Energy: Spells natural gas

FULL ARTICLE and GRAPHS

My definition of an expert is a person who knows more and more about less and less until he knows everything about nothing at all.  T. Boone Pickens is the guy I consider a expert when it comes to the narrow field of Texas oil and gas.   He is the guy who said there were 2 ways for the US to become energy independent in energy production and he is putting a lot of money on both wind and natural gas.  You cannot turn on a TV discussion about natural gas without hearing them mention Chesapeake Energy (CHK) and right now it's selling a a 19.86 discount to its recent high.

Barchart technical indicators:

• Short term sell indicators can signal when a stock is selling at a discount
• Barchart 32% technical sell signal
• Trend Spotter sell signal
• Trading below its 20, 50 and 100 day moving average
• Has lost 19.86% from its 52 week high
• Relative Strength Index 40.76% and still falling
• Barchart computes a technical support level at 27.18
• Recently selling around 28.59 which is below its 50 day moving average of 30.81

Summary: If you agree with T Boone Pickens that natural gas is the answer for US energy independence then it should be hard not to pick up a few shares of Chesapeake Energy (CHK) that is selling at a 19.86% discount to its recent high.  If the sales and earnings projections come in and the stock begins to trade at a more normal P/E ration investors could see a 9% - 11% annual compounded total return over the next 5 year period if you acquire at today's prices.

Jim Van Meerten is a Marketocracy Master

Exxon fuels the world

Full Article and Graphs

Our world and our economies are petroleum based.  If you you disagree with that premise stop reading right now.  If you agree with that premise then I think you can agree that if and when the world economies begin to grow again the world's largest petroleum producer, Exxon (XOM) should be one of the first and biggest beneficiaries of the economic recovery.


Barchart technical indicators:

• Remember, technical sell signals on high quality stocks can be an indicator of the time to buy at a discount
• 80% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving average
• Down 19.66% from its 52 week high
• Trading around 70.55 which is a 12.16% from its 50 day moving average
• Relative Strength Index is 37.16% and falling
• Barchart computes a support level at 68.33

Summary:  In an environment where you can't be sure which companies will stay in business and make a profit Exxon (XOM) is a company you can bet will stay in business and make a profit, the only question is just how much.  If sales and earnings projections are met and the stock grows to a normal P/E ratio investors could see a 12% -14% annual total return over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/23

Barchart Morning Call

Barchart.com - 1 hr 26 mins ago

Overnight Developments

• Global stocks this morning are trading higher with the Euro Stoxx 50 up +1.27% and Sep S&Ps up +16.00 points. Commodities are higher and Treasuries and the dollar are weaker as contraction in Chinese manufacturing eased and after European manufacturing held steady in Aug. The Aug Euro-Zone PMI composite was unchanged at 51.1, stronger than expectations of a -1.1 point decline to 50.0. Continued speculation that the Fed will announce further stimulus measures as soon as Friday to bolster the economy is lifting stock prices as well. Bank stocks rose led by a 2.7% gain in UBS AG after Switzerland's biggest bank said it will eliminate 3,500 jobs to trim costs. European stock prices pared their advance after German investor confidence fell more than expected this month. The Aug German ZEW economic sentiment slumped -22.5 to a 2-1/2 year low of -37.6, weaker than expectations of -10.9 to -26.0.
• Asian stocks today closed higher with Japan up +1.22%, China +1.56%, Australia +2.23%, South Korea +4.09%, India +0.96%. Asian stocks closed higher, led by a rally in exporters, on speculation Fed Chairman Bernanke this Friday will announce additional measures to shore up the U.S. economy. Asian stocks also received a boost as contraction in Chinese manufacturing eased when the Aug China HSBC flash PMI manufacturing index rose +0.5 to 49.8. Raw material and energy producers advanced after the PMI data was released on speculation of increased demand for commodities.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +16.00 points on better0than-expected manufacturing data in Europe and China. The US stock market yesterday moved higher as speculation Fed Chairman Bernanke will announce additional stimulus measures on Friday offset concern the European debt crisis will worsen after German Chancellor Merkel rejected the issuance of common Euro-Zone bonds: Dow Jones +0.34%, S&P 500 +0.03%, Nasdaq Composite +0.15%. Bullish factors included (1) speculation that Fed Chairman Bernanke may signal this Friday at the Fed's annual symposium in Jackson Hole, Wyoming of additional measures to stimulate the economy, (2) the unexpected improvement in the Jul Chicago National activity index which rose to its best level in 4 months (+0.32 to -0.06 versus expectations of -0.02 to -0.48), and (3) the statement from Germany's Bundesbank in its monthly report that it expects "robust" global economic growth next year even as Europe's sovereign debt crisis clouds the outlook.
• Bearish factors included (1) weakness in bank stocks on concern the European sovereign debt crisis will be prolonged and limit banks' earnings after German Chancellor Merkel rejected the issuance of Euro-Zone common bonds, (2) the action by Goldman Sachs to cut its 2011 U.S. GDP forecast to 1.5% from a previous estimate of 1.7% on signs the recovery has stalled, (3) the increase in the percentage of U.S. mortgages that are overdue by 1 month to its highest level in a year after Q2 mortgage delinquencies rose +0.11 q/q to 3.46% of all mortgages, and (4) a San Francisco Fed research paper that suggests aging baby boomers may hold down U.S. stock values for the next two decades as they sell their investments to finance retirement.
• Alcoa (AA) rose 2.2% and Freeport-McMoRan (FCX) gained 2.1% in European trading as metal prices climbed on stronger-than-expected manufacturing data in China and Europe.

Today's Market Focus

• September 10-year T-notes this morning are down -14.5 ticks. T-note prices yesterday finished lower after the stock market rallied and on supply pressures ahead of $99 billion in Treasury T-note auctions this week: TYU11 -6.5, FVU11 -3.2, EDZ11 -3.5. Bearish factors included (1) the unexpected improvement in the Jul Chicago National activity index which rose to its best level in 4 months (+0.32 to -0.06 versus expectations of -0.02 to -0.48), (2) reduced safe-haven demand for Treasuries after stock prices rose, and (3) supply pressures ahead of the Treasury's $35 billion auction of 2-year T-notes on Tue. Bullish factors included (1) speculation that Fed Chairman Bernanke this Friday at the Fed's annual symposium in Jackson Hole, Wyoming will announce a QE3 program to help stimulate the economy and (2) increased safe-haven demand for Treasuries on concern the European sovereign debt crisis will linger as credit default swaps to insure Euro-Zone government debt rose after German Chancellor Merkel said issuance of euro-zone common bonds to help resolve the debt crisis are "the wrong answer."
• The dollar index this morning is lower with the dollar/yen -0.20 yen and the euro/dollar +1.27 cents. The dollar index yesterday shed early losses and moved higher when the euro weakened after German Chancellor Merkel rejected the idea of using Euro-bonds to solve the European debt crisis: Dollar Index +0.085, USDJPY +0.253, EURUSD -0.00375. Bullish factors for the dollar included (1) weakness in the euro after credit-default swaps to insure the government debts of Euro-Zone nations rose when German Chancellor Merkel said euro-zone common bonds are "the wrong answer," which fueled speculation that her resistance to the euro-bond plan for the European debt turmoil will prolong the debt crisis, and (2) weakness in the yen which fell to a 1-week low against the dollar after Japanese Finance Minister Noda said the government will take decisive action if needed in foreign-exchange markets as he has become "more concerned" about the yen's appreciation. Bearish factors included (1) the action by Goldman Sachs to cut its 2011 U.S. GDP forecast to 1.5% from a previous estimate of 1.7% on signs the recovery has stalled and (2) speculation that Fed Chairman Bernanke may signal this Friday at the Fed's annual symposium in Jackson Hole, Wyoming of additional measures to stimulate the economy.
• Oct crude oil prices this morning are up +$1.23 a barrel and Oct gasoline is -0.45 of a cent per gallon. Crude oil and gasoline prices yesterday finished mixed as the prospects for the restart of Libyan crude oil production offset concern that Hurricane Irene will strengthen as it nears the U.S. mainland: CLV11 +$2.01, RBV11 -0.33. Bearish factors included (1) a reversal in the dollar after the dollar index erased early losses and closed higher and (2) the action by Libyan rebels to oust the Qaddafi regime from Tripoli, which may signal and end to Libya's civil war and a resumption of Libyan crude production. Bullish factors included (1) comments from Iranian OPEC Governor Ali Khatibi who said that OPEC "will react" if crude prices continue to slump and (2) concern that Hurricane Irene will continue to strengthen as it nears the U.S and disrupt crude operations in and around the Gulf of Mexico.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MDT-Medtronic (BEST earnings consensus $0.79), HNZ-HJ Heinz (0.76), AVGO-Avago Technologies Ltd. (0.66), MPEL-Melco Crown Entertainment Ltd. (0.08), WSM-Williams-Sonoma (0.36), HAIN-Hain Celestial Group (0.33), AZPN-Aspen Technology (-0.20), TSL-Trina Solar Ltd. (0.42).
Global Financial Calendar

Tuesday 8/23/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0845 ET	Former Fed Chairman Alan Greenspan delivers keynote address at the Innovation Nation Forum in Washington D.C.
0855 ET	Redbook weekly retailer sales.
1000 ET	Jul new home sales expected -0.6% to 310,000, Jun -1.0% to 312,000.
1000 ET	Aug Richmond Fed manufacturing index expected -4 to -5, Jul -4 to -1.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $35 billion 2-year T-notes.
Japan
0200 ET	Revised Jul Japan machine tool orders, previous +34.6%.
1950 ET	Jul Japan corporate service price index, Jun -0.7% y/y.
France
0300 ET	Aug French PMI manufacturing, Jul -2.0 to 50.5.
0300 ET	Aug French PMI services, Jul -1.9 to 54.2.
Germany
0330 ET	Aug German PMI manufacturing expected -1.0 to 51.0, Jul -2.6 to 52.0.
0330 ET	Aug German PMI services expected -0.9 to 52.0, Jul -3.8 to 52.9.
0500 ET	Aug German ZEW economic sentiment expected -10.9 to -26.0, Jul -6.1 to -15.1. Aug ZEW current situation, Jul +3.0 to 90.6.
Euro-Zone
0400 ET	Aug Euro-Zone PMI composite expected -1.1 to 50.0, Jul -2.2 to 51.1.
1000 ET	Aug Euro-Zone consumer confidence expected -0.8 to -12.0, Jul -1.5 to -11.2.
United Kingdom
0600 ET	Aug UK CBI trends total orders expected -12, Jul -10.
Canada
0830 ET	Jun Canada retail sales expected +0.7% and +0.3% less autos, May +0.1% and +0.5% less autos.

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

Silver Wheaton - (SLW) - Barchart Chart of the Day

Barchart.coms Chart of the Day - Silver Wheaton (SLW)

Barchart Research Team - Barchart.com - Mon Aug 22, 6:14PM CDT

Related Stocks

SLW - Silver Wheaton Corp

Sym	Last	Chg	Pct
SLW	40.25	+1.81	+4.71%

The "Chart of the Day" is Silver Wheaton (SLW), which showed up on Monday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Silver Wheaton on Monday rallied by 4.71% and posted a new 4-month high. In recent news on the stock, TD Newcrest on July 26 upgraded Silver Wheaton to Buy from Hold and raised its target to $46 from $44 due to an increased silver forecast for 2011-12. Silver Wheaton on Aug 8 reported Q2 EPS of 42 cents versus the consensus of 46 cents. Silver Wheaton, with a market cap of $13 billion, is a pure-play silver mining company based in Vancouver, Canada.


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: 33% Sell
• Overall Average 88% 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

Vestas Wind ADR: The Answer is Blowing in the Wind?

COMPLETE ARTICLE AND GRAPHS

Vestas Wind Systems A/S (VWDRY) engages in the manufacture and sale of wind turbines and wind power systems in Europe, the Americas, and the Asia Pacific. It also offers wind project planning, procurement, construction, and operation services. In addition, the company sells spare parts. The company was founded in 1898 and is headquartered in Randers, Denmark. (Yahoo Finance profile)

Barchart technical indicators:

• Price in September of 2009 26.14
• Current price today 6.68
• Discount from its high  - 75%
• Current Barchart short term signal - neutral hold
• Trend Spotter - sell
• Below its current 20, 50 and 100 day moving averages
• Discount from 12 month high 55.29%
• Barchart computes a support level at 6.04
• Recent price momentum 13.64% up in just the last week
• Relative Strength Index 45.13% but rising

Summary:  Vestas Wind ADR (VWDRY) is one of the few companies that actually has wind power installations in place that are generating energy at a profit.  The company is past the product development stage and is manufacturing and installing working wind power generators on a world wide basis.  I'd buy it for it's numbers alone.  I really like that idea that this may be a double barreled investment because the stock price is 25 cents on the dollar from its previous high and if investors can't see the value here the cash rich multi-national sharks will and they just might pay a premium to today's market price as they always do.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 8/22

Barchart Morning Call

Barchart.com - 2 hrs 26 mins ago

Overnight Developments

• Global stocks this morning are trading mixed with the Euro Stoxx 50 up +1.80% and Sep S&Ps up +13.40 points. The dollar and Treasuries are weaker and commodities are stronger with gold rising to a record high of $1,895.00 an ounce. European stocks and U.S. futures rose on speculation that Fed Chairman Bernanke may signal this Friday at the Fed's annual symposium in Jackson Hole, Wyoming of additional measures to stimulate the economy. European oil companies rallied amid speculation the civil war in Libya may be drawing to a close, which may allow foreign oil producers to restart Libyan oil fields closed by the civil war. Gains in European stocks were limited after credit default swaps to insure Euro-Zone government debts rose as German Chancellor Merkel said euro-zone common bonds are "the wrong answer," which fueled speculation that her resistance will prolong the debt crisis. Another negative for equity prices was the action by Goldman Sachs to cut its 2011 U.S. GDP forecast to 1.5% from a previous estimate of 1.7% on signs the recovery has stalled.
• Asian stocks today closed mostly lower with Japan down -1.04%, China -1.06%, Australia -0.48%, South Korea -1.72%, India +1.24%. Japan's Nikkei Stock Index fell to a 5-1/4 month low as exporters declined after the yen climbed to a record high of 75.95 per dollar last Friday. The yen did fall back today however, after Japanese Finance Minister Noda said the government will take decisive action if needed in foreign-exchange markets as he has become "more concerned" about the yen's appreciation. China's Shanghai Stock Index closed lower on concern the government will further tighten monetary policy even as the global economic slowdown threatens to curb Chinese exports. China's money-market rates rose, with the 7-day repurchase rate climbing to a 3-week high of 5.0%, after the PBOC raised yields at bill auctions, fueling speculation of further monetary tightening. Another negative for Chinese stocks was an article in the China Financial News, which is controlled by the PBOC that said China should raise deposit rates and banks' reserve-requirement ratios.

Overnight U.S. Stock News

• September S&Ps this morning are trading up +13.40 points on speculation the Fed will implement a QE3 quantitative easing program. The US stock market last Friday extended Thursday?s sharp sell-off and closed with fairly sharp losses again: Dow Jones -1.57%, S&P 500 -1.50%, Nasdaq Composite -1.26%. Bearish factors included (1) ongoing concerns about weak U.S. economic growth, and (2) the European debt crisis as the Euribor-OIS spread last Friday remained high at 67 bp, just 3 bp below the recent peak. The main bullish factor was NY Fed President William Dudley's comment that the U.S. economic data is ?at worst, mixed,? stressing that there is offsetting positive news including easier credit, firmer retail sales, and stronger bank balance sheets.
• Barrick Gold (ABX) rose 2.9% in European trading after gold prices climbed to a record high in overnight trading.
• Schlumberger (SLB) climbed 1.3% in European trading on speculation that the overthrow of the Qaddafi regime and an end to Libya's civil war will allow oil producers to restart the country's oil fields.

Today's Market Focus

• September 10-year T-notes this morning are down -15.5 ticks as U.S. and European stocks rally. T-note prices last Friday closed mixed: TYU11 +0.5, FVU11 unch, EDZ11 -4.0. Bullish factors included the continued sell-off in the stock market and the prospects for weak economic growth. Bearish factors centered on some pre-weekend long liquidation pressure after the sharp recent rally.
• The dollar index this morning is weaker with the dollar/yen up +0.24 yen and the euro/dollar +0.29 cents. The dollar index last Friday closed mildly lower: Dollar Index -0.255, USDJPY -0.03, EURUSD +0.0064. USDJPY on Friday hit a record low of 75.95 yen. Bearish factors for the dollar centered on underlying bearishness from the weak U.S. economic data and the Fed's promise to keep rates low until mid-2013. USDJPY last Friday hit a new low despite threats by Japanese officials about another round of intervention.
• Sep crude oil prices this morning are up +90 cents a barrel and Sep gasoline is -3.43 cents per gallon. Crude oil last Friday closed lower on continued weakness in stocks, while gasoline saw some short-covering. CLU11 -$0.12, RBU11 +5.80. Crude oil also saw some weakness as the Libyan rebels entered Tripoli, raising the prospects for the possible near-term fall of the Qaddafi regime and the eventual resumption of Libyan crude oil exports.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): FMCN-Focus Media (BEST earnings consensus $0.37), PWRD-Perfect World (0.66), STP-Suntech (0.20).
Global Financial Calendar

Monday 8/22/11
United States
0830 ET	Jul Chicago Fed national activity index expected -0.02 to -0.48, Jun +0.09 to -0.46.
1100 ET	USDA weekly grain export inspections.
1130 ET	Weekly 3-mo and 6-mo and monthly 1-year T-bill auctions.
1700 ET	USDA weekly crop progress report for week ended Aug 21.
CHI
2230 ET	Aug HSBC flash China manufacturing PMI, Jul -1.2 to 48.9.

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