Is the CAT poised to spring?

COMPLETE ARTICLE AND GRAPHS

There are so many sound world wide stocks that are just waiting in the wings waiting for the economy to take a turn.  In my opinion of the the best among then is Caterpillar (CAT).  No mater where you go in the world you are bound to see the yellow equipment with the big CAT logo on the side. Sales in Europe and China are slightly down but they are still buying in the emerging markets.  One look at this Barchart of the past years trading history will show how far the stock has fallen:

Barchart technical indicators:

• Technical sells are based on momentum and can expose great buying opportunities
• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 25.83% off of its 1 year high
• Relative Strength Index is 46.32% but getting stronger
• Barchart computes a technical support level at 84.39
• Recently priced at 86.05 which is below its 50 day moving average of 93.45

Summary:   I'm not trying to be political but if some form of the Obama Jobs Bill gets passed the economic log jam just might be broken.  Even though you might not be able to tell it from the stock market and the high unemployment numbers The Conference Board's Index of Leading Economic Indicators is getting more positive.  I can't think of any company that deserves to be on your watch list as Caterpillar (CAT).  I would carefully watch this ones 50 day moving average and be prepared to jump back in.

Jim Van Meerten is a Marketocracy Master

Education Realty Trust (EDR) added

This morning I added Education Realty Trust (EDR) to the Barchart Van Meerten Speculative portfolio for positive price momentum.

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Trading above the 20, 50 and 100 day moving averages
• 11 new highs and up 8.79% in the last month
• Relative Strength Index 61.13% and rising
• Barchart computes a technical support level at 9.14
• Recently traded at 9.23 which is above its 50 day moving average of 8.73

Jim Van Meerten is a Marketocracy Master

Spreadtrum Communications Added

Today I added Spreadtrum Communications (SPRD) to the Barchart Van Meerten New High portfolio for positive price momentum.

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 32.41% in the last month
• Relative Strength Index 70.62% and rising
• Barchart computes a technical support level at 20.23
• Recently traded at 20.44 which is above its 50 day moving average of 16.26

Jim Van Meerten is a Marketocracy Master

Autozone (AZO) added

Today I added Autozone (AZO) to the Barchart Van Meerten New High portfolio for very positive price momentum.

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 14.75% in the last month
• Relative Strength Index 77.81% and rising
• Barchart computes a support level at 325.23
• Recently priced at 330.15 which is above its 50 day moving average of 297.74

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/16

Barchart Morning Call

Barchart.com - 1 hr 13 mins ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 up +0.87% and Dec S&Ps down -3.60 points. The dollar and Treasuries are higher on increased safe-haven demand as Euro-Zone finance ministers meet in Wroclaw, Poland to discuss how to expand the Euro-Zone's bailout fund as ECB President Trichet pressed Euro-Zone governments to take decisive action to halt the debt crisis and show a "unity of purpose." The euro weakened against the dollar after Finnish Finance Minister Urpilainen said it was unlikely any agreement on collateral would be reached at the meeting. U.S. stock futures are lower after Research in Motion tumbled 19% in pre-market trading after the company posted disappointing earnings for the third consecutive quarter. Limiting gains in European stocks was the +3.6% y/y increase in Q2 Euro-Zone labor costs, the biggest increase since Q4 2008. In a sign that dollar demand remains strong in Europe, the 3-month dollar Libor rate rose to 0.35133%, a 13-month high, while the dollar Libor-OIS spread, a gauge of banks' reluctance to lend, widened to 28.33 bp, the most in 13-1/2 months.
• Asian stocks today closed higher with Japan up +2.25%, China +0.18%, Australia +1.91%, South Korea +3.90%, India +0.34%. Asian stocks received carry-over support from yesterday's gains in European and U.S. stocks after the ECB and other central banks coordinated to lend dollars to European banks, which boosted confidence that the European debt crisis may be contained. The Reserve Bank of India raised the repurchase rate to 8.25% from 8.00% today, its 12th increase since Mar 2010 in an attempt to rein in inflation which has held above 9% for the past nine months. Inflation in India rose to a 13-month high of 9.78% in Aug and is the highest among the BRICS nations.

Overnight U.S. Stock News

• December S&Ps this morning are trading down -3.60 points. The US stock market yesterday moved higher for a second day on optimism that world leaders will do what is necessary to resolve the European debt crisis after the ECB and other central banks took coordinated action to fund European banks with dollars through year-end: Dow Jones +1.66, S&P 500 +1.72, Nasdaq Composite +1.34%. The S&P 500 posted a 2-week high and the Nasdaq posted a 1-1/2 month high. Bullish factors included (1) a rally in global bank and financial stocks after the coordinated action by the ECB, the Fed and other central banks to offer three separate 3-month dollar loans to ensure European banks avoid a liquidity crisis and have enough dollars through the end of the year, (2) the unexpected increase in Aug U.S. industrial production (+0.2% versus expectations of unchanged), and (3) strength in raw material and energy producers as a weak dollar prompted a broad-based rally in most commodities.
• Bearish factors included (1) the unexpected increase in weekly initial U.S. unemployment claims which rose to their highest level in 2-1/2 months (+11,000 to 428,000 versus expectations of -3,000 to 411,000), (2) the unexpected decline in the Sep Empire manufacturing index which contracted at its slowest pace in 10 months (-1.1 to -8.8 versus expectations of +3.7 to -4.0), (3) the larger-than-expected increase in Aug CPI (+0.4% m/m and a 3-year high of +3.8% y/y versus expectations of +0.2% and +3.6% y/y), (4) the larger-than-expected contraction in the Sep Philadelphia Fed manufacturing index (+13.2 to -17.5 versus expectations of +15.7 to -15.0), and (5) the action by the EU to cut its Euro-Zone GDP forecasts for Q3 and Q4 with the warning that the Euro-Zone economy may come "close to standstill at year-end."
• Research in Motion (RIM) tumbled 19% in pre-market trading after the company reported Q2 earnings of 80 cents a share, below analysts' estimates of 88 cents and said earnings for the year, excluding some costs, would be at the low end of its previous forecast of $5.25 to $6 a share.

Today's Market Focus

• December 10-year T-notes this morning are up +1 tick. T-note prices yesterday slumped to a 2-week low on reduced safe-haven demand as global stock markets rallied smartly after the ECB said it will coordinate with the Fed and other central banks to lend dollars to European banks to avoid a liquidity crisis: TYZ11 -17, FVZ11 -6, EDH12 +7.0. Bearish factors included (1) reduced chances of a liquidity squeeze after the coordinated action by the ECB, the Fed and other central banks to offer three separate 3-month dollar loans to ensure European banks have enough dollars through the end of the year, (2) the larger-than-expected increase in Aug CPI (+0.4% m/m and a 3-year high of +3.8% y/y versus expectations of +0.2% and +3.6% y/y), and (3) the unexpected increase in Aug U.S. industrial production (+0.2% versus expectations of unchanged). Bullish factors included (1) the unexpected increase in weekly initial U.S. unemployment claims which rose to their highest level in 2-1/2 months (+11,000 to 428,000 versus expectations of -3,000 to 411,000), (2) the unexpected decline in the Sep Empire manufacturing index which contracted at its slowest pace in 10 months (-1.1 to -8.8 versus expectations of +3.7 to -4.0), and (3) the larger-than-expected contraction in the Sep Philadelphia Fed manufacturing index (+13.2 to -17.5 versus expectations of +15.7 to -15.0).
• The dollar index this morning is stronger with the dollar/yen -0.01 yen and the euro/dollar -0.66 cents. The dollar index yesterday moved lower on reduced safe-haven demand after the ECB said it will coordinate with other central banks to lend dollars to European banks: Dollar Index -0.624, USDJPY +0.068, EURUSD +0.01220. Bearish factors included (1) reduced chances of a liquidity squeeze after the coordinated action by the ECB, the Fed and other central banks to offer three separate 3-month dollar loans to ensure European banks have enough dollars through the end of the year and (2) weaker-than-expected U.S. economic data on weekly jobless claims, the Sep Empire manufacturing index and the Sep Philadelphia Fed manufacturing index, which signals economic weakness and is dollar negative. Bullish factors included (1) the action by the EU to cut its Euro-Zone GDP forecasts for Q3 and Q4 with the warning that the Euro-Zone economy may come "close to standstill at year-end," (2) the statement from EU economic and monetary affairs commissioner Rehn who said "The outlook for the European economy has deteriorated as the sovereign-debt crisis has worsened and the financial market turmoil is set to dampen the real economy," and (3) the larger-than-expected increase in Aug U.S. CPI, which reduces the chances of further dollar-debasing asset purchases by the Fed.
• Oct crude oil prices this morning are down -19 cents a barrel and Oct gasoline is up +1.22 cents per gallon. Crude oil and gasoline prices yesterday moved higher as the dollar weakened, U.S. industrial production strengthened, and European debt concerns declined: CLV11 +$0.49, RBV11 +5.70. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) the unexpected +0.2% m/m increase in Aug U.S. industrial production, which is positive for fuel consumption, and (3) reduced European debt concerns after German Chancellor Merkel and French President Sarkozy said they're "convinced" Greece will remain in the Euro-Zone. Bearish factors included (1) the action by the EU to cut its Euro-Zone GDP forecasts for Q3 and Q4 with the warning that the Euro-Zone economy may come "close to standstill at year-end," (2) the unexpected increase in weekly U.S. jobless claims to their highest level in 2-1/2 months, which signals labor market weakness that may curtail fuel demand, and (3) the unexpected drop in the Sep Empire manufacturing index to its lowest level in 10-months, which signals a slowdown in manufacturing activity that is negative for energy demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MLHR-Herman Miller (BEST earnings consensus $0.33).
Global Financial Calendar

Friday 9/16/11
United States
0900 ET	Jul net long-term TIC flows expected +$22.5 billion, Jun +$3.7 billion.
0955 ET	Preliminary Sep U.S. University of Michigan consumer confidence expected +1.2 to 56.9, Aug -8.0 to 55.7.
Euro-Zone
0500 ET	Q2 Euro-Zone labor costs, Q1 +2.6% y/y.
0500 ET	Jul Euro-Zone trade balance expected +2.0 billion euros, Jun +0.9 billion euros.
0630 ET	EU finance ministers and central bankers meet in Wroclaw, Poland for a 2-day meting.

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

Whole Foods (WFM) Barchart Chart of the Day

Barchart.com's Chart of the Day - Whole Foods (WFM)

Barchart Research Team - Barchart.com - Thu Sep 15, 8:41PM CDT

Related Stocks

WFM - Whole Foods Market

Sym	Last	Chg	Pct
WFM	68.50	+1.59	+2.38%

The "Chart of the Day" is Whole Foods (WFM), which showed up on Thursday's Barchart "All Time High" list. Whole Foods on Thursday rallied by 2.38% and posted a new all-time high of $68.95. TrendSpotter has been Long on Whole Foods since Sep 7 at $66.85. In recent news on the stock, Deutsche Bank on Sep 15 initiated coverage on Whole Foods with a Buy and a target of $75. The stock has also been boosted by rumors about a possible buyout by private equity firms such as Bain Capital or KKR. Whole Foods, with a market cap of $11.8 billion, the world's largest seller of natural foods.


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.
The status of 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: 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

Research in Motion still has life

COMPLETE ARTICLE AND MORE GRAPHS

Research in Motion (RIMM) the creator of the widely popular Blackberry has fallen on some hard times lately.  At today's price it is trading at a P/E ratio of 6 in a market that is trading at a P/E ratio of 13.2.  This is a stock that in the past sold at a P/E ratio of almost 37.  The price momentum over the last 2 1/2 years on this Barchart graph says it all:

Barchart technical indicators:

• 20% Barchart short term technical buy signal
• Trend Spotter buy signal
• 8 new highs and up 22.418% in the last month
• Above its 20 and 50 day moving average but below its 100 day moving average
• Relative Strength Index 54.28%
• Barchart computes a technical support level at 28.54
• Recently traded at 30.10 which is above its 50 day moving average of 27.47

Some smaller competitors that have done very well this year are Orsus Xelent technologies (ORS) up this yeat 600%, Clearfield (CLFD) up 161%, Polycom (PLCM) up 71% and Communications Systems (JCS) up 35%

Summary:  Research in Motion (RIMM) has been a high flyer for a long time.  With its great financial strength it should survive.  If the sales and earnings projections materialize and the stock returns to a more normal P/E ratio long term investors buying in at this level could see and annual return of 35% - 39% over the next 5 years.  These projections are highly speculative, as the mixed brokerage analysts opinions reflect and have a lot of variables including an economic recovery that need to happen to get that total return. Speculate a little but don't bet the farm on this one

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/15

Barchart Morning Call

Barchart.com - 2 hrs 32 mins ago

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +1.79% and Dec S&Ps up +7.30 points. The dollar and Treasuries are weaker and Greek bond yields tumbled amid reduced safe-haven demand after German and French leaders reiterated support for the country. The yield on the 2-year Greek T-note fell to 68.46% from Wednesday's record high of 84.52% after German Chancellor Merkel and French President Sarkozy said they're "convinced" Greece will remain in the Euro-Zone. The premium European banks pay to borrow dollars for 12 months through the swaps market was little changed at 71 bp below Euribor, although not far from Monday's 2-3/4 year high of 78.8 bp. Bank stocks led the overall market higher, although UBS fell 7.7% after it said it discovered a $2 billion trading loss due to unauthorized deals by a trader in its investment-banking unit. Strength in the euro was limited after the EU cut its Euro-Zone growth forecasts for Q3 to +0.2% and its Q4 GDP estimate to +0.1%, down from an estimate in March for +0.4% expansion in both periods to reflect a worsening outlook on the sovereign-debt crisis and warned the Euro-Zone economy may come "close to standstill at year-end." EU economic and monetary affairs commissioner Rehn said in a statement, "The outlook for the European economy has deteriorated as the sovereign-debt crisis has worsened and the financial market turmoil is set to dampen the real economy." In a shot at the European governments? lack of a unified response by to the debt crisis, ECB Council member Nowotny said the ECB will have to "rethink" its bond-buying program if Euro-Zone members fail to provide an appropriate rescue program.
• Asian stocks today closed mostly higher with Japan up +1.76%, China -0.15%, Australia +1.65%, South Korea +1.62%, India +1.00%. Asian exporters received a boost after German and French leaders said they are convinced Greece will remain in the Euro-Zone, while chip-related companies also advanced after the Philadelphia Semiconductor Index rose yesterday to its highest level in 1-1/2 months.

Overnight U.S. Stock News

• December S&Ps this morning are trading up +7.30 points. The US stock market yesterday moved higher on optimism that European leaders will do what is necessary to resolve the region's debt crisis: Dow Jones +1.27, S&P 500 +1.35, Nasdaq Composite +1.60%. The Nasdaq posted a 1-1/4 month high. Bullish factors included (1) carry-over support from a rally in European stocks after European Commission President Barroso said he is close to proposing options on joint Euro-Zone bond sales to resolve the crisis while Italian Prime Minister Berlusconi's government won a confidence vote on its 54 billion euro ($74 billion) austerity package, (2) reduced European sovereign-debt concerns as European government bonds rallied after a report from Caijing magazine that said China is still willing to buy bonds of nations hit by the European debt crisis and German Chancellor Merkel said she is convinced the future of Greece is inside the Euro-Zone, and (3) reduced price pressures after Aug core PPI rose less-than-expected (+0.1% m/m and +2.5% y/y versus expectations of +0.2% m/m and +2.6% y/y).
• Bearish factors included (1) the unexpected stagnation in Aug U.S. retail sales along with the downward revision to Jul (Aug unchanged and +0.1% less autos versus expectations of +0.2% and +0.2% less autos while Jul was revised down to +0.3% and +0.3% less autos from the previously reported +0.5% and +0.5% less autos), (2) the smaller-than-expected increase in Jul business inventories (+0.4% versus expectations of +0.5%), a sign that companies are bracing for a slowdown in demand, and (3) concern that interbank lending is drying up after the ECB said it will lend dollars to 2 European banks on Thursday, the first time in a month that lenders have requested dollars from the ECB.
• JPMorgan Chase (JPM) rose 0.9% and Bank of America (BAC) climbed 1.3% on carry-over strength from a rally in European bank stocks.

Today's Market Focus

• December 10-year T-notes this morning are down -14.5 ticks. T-note prices yesterday gyrated on both sides of unchanged and finally settled lower as speculation European officials will take measures to contain the region's debt crisis reduced the safe-haven demand for Treasuries and offset the weaker-than-expected Aug retail sales: TYZ11 -5.5, FVZ11 -2.7, EDH12 -0.5. Bearish factors included (1) reduced safe-haven demand for Treasuries as global stock markets rallied after European Commission President Barroso said he is close to proposing options on joint Euro-Zone bond sales to resolve the crisis while Italian Prime Minister Berlusconi's government won a confidence vote on its 54 billion euro ($74 billion) austerity package, which eases European debt concerns and (2) reduced European sovereign-debt concerns after the report from Caijing magazine that said China is still willing to buy bonds of nations hit by the European debt crisis. Bullish factors included (1) the unexpected stagnation in Aug U.S. retail sales along with the downward revision to Jul (Aug unchanged and +0.1% less autos versus expectations of +0.2% and +0.2% less autos while Jul was revised down to +0.3% and +0.3% less autos from the previously reported +0.5% and +0.5% less autos), (2) the smaller-than-expected increase in Aug core PPI (+0.1% m/m and +2.5% y/y versus expectations of +0.2% m/m and +2.6% y/y, (3) renewed European sovereign-debt concerns after Austria's parliamentary finance committee didn't approve the increase of the European Financial Stability Facility with the required two-thirds majority, and (4) decent demand for the Treasury's $13 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.85, stronger than the 12-auction average of 2.60.
• The dollar index this morning is weaker with the dollar/yen -0.02 yen and the euro/dollar +0.50 cents. The dollar index yesterday settled lower as the euro strengthened on optimism that European leaders will work to avoid a default in Greece and contain the European debt crisis: Dollar Index -0.086, USDJPY -0.313, EURUSD +0.00758. Bearish factors included (1) comments from European Commission President Barroso that boosted the euro when he said he is close to proposing options on joint Euro-Zone bond sales, which may help resolve the European debt crisis, (2) the report from Caijing magazine that said China is still willing to buy bonds of nations hit by the European debt crisis, which is euro supportive, and (3) the weaker-than-expected Aug U.S. retail sales, which signals economic weakness and is dollar negative. Bullish factors included (1) increased safe-haven demand for dollars after the ECB said it will allot $575 million in a regular 7-day liquidity-providing operation for 2 European banks at a fixed rate of 1.1%, the first time in a month that lenders have requested dollars from the ECB and a sign that European banks are having trouble borrowing dollars in the interbank market, (2) the weaker-than-expected Jul Euro-Zone industrial production, which is euro negative, and (3) increased safe-haven demand for the dollar after World Bank President Zoellick said European policy makers are not living up to their commitment to the euro as the region's debt crisis threatens to spread.
• Oct crude oil prices this morning are up +45 cents a barrel and Oct gasoline is +3.40 cents per gallon. Crude oil and gasoline prices yesterday fell back after U.S. retail sales unexpectedly stagnated and weekly DOE gasoline supplies unexpectedly increased: CLV11 -$1.30, RBV11 -1.66. Oct gasoline fell to a 3-week low. Bearish factors included (1) the weaker-than-expected Aug U.S. retail sales, which indicates slack consumer spending that may constrain economic growth and fuel demand, (2) the unexpected increase in weekly DOE gasoline supplies which posted their biggest gain in 3 months (+1.94 million bbl versus expectations of a -500,000 bbl decline), (3) the larger-than-expected increase in weekly DOE distillate inventories to their highest level since Feb (+1.71 million bbl to 158.5 million bbl versus expectations of +875,000 bbl), and (4) slack demand after U.S. fuel use fell -3.8% to 18.7 million barrels a day in the week ended Sep 9. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, and (2) the larger-than expected decline in weekly DOE crude oil inventories which fell to a 6-month low (-6.70 million bbl to 346.4 million bbl versus expectations of -3.0 million bbl).

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): DMND-Diamond Foods (BEST earnings consensus $0.45), PIR-Pier 1 Imports (0.14), AIR-AAR Corp. (0.45), MCS-Marcus Corp. (0.40).
Global Financial Calendar

Thursday 9/15/11
United States
0830 ET	Weekly initial unemployment claims expected -3,000 to 411,000, previous +2,000 to 414,000. Weekly continuing claims expected -7,000 to 3.710 million, previous -30,000 to 3.717 million.
0830 ET	Aug CPI expected +0.2% m/m and +3.6% y/y, Jul +0.5% m/m and +3.6% y/y. Aug CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Jul +0.2% m/m and +1.8% y/y.
0830 ET	Sep Empire manufacturing index expected +3.7 to -4.0, Aug -3.9 to -7.7.
0830 ET	Q2 U.S. current account balance expected -$122.6 billion, Q1 -$119.3 billion.
0845 ET	Fed Chairman Ben Bernanke delivers opening remarks at the Fed Board?s systemic risk conference.
0915 ET	Aug industrial production expected unchanged, Jul +0.9%. Aug capacity utilization expected unchanged at 77.5%, Jul +0.6 to 77.5%.
1000 ET	Sep Philadelphia Fed manufacturing index expected +15.7 to -15.0, Aug -33.9 to -30.7.
1100 ET	Treasury announces amount of 10-year TIPS to be auctioned on Sep 22 (previous $13 billion).
1345 ET	Fed Governor Daniel Tarullo speaks at a Fed conference on ?Regulation of Systemic Risk? in Washington D.C.
1630 ET	Weekly money supply report and Fed balance sheet.
Euro-Zone
0400 ET	ECB publishes monthly report for Sep.
0500 ET	Aug Euro-Zone CPI expected +0.2% m/m and +2.5% y/y, Jul -0.6% m/m and +2.5% y/y.
0500 ET	Aug Euro-Zone core CPI expected +1.2% y/y, Jul +1.2% y/y.
0500 ET	Q2 Euro-Zone employment, Q1 +0.1% q/q and +0.1% y/y..
1230 ET	ECB Council member Juergen Stark speak a an event in Vienna.
1400 ET	ECB President Jean-Claude Trichet delivers a dinner speech at the Eurofi Financial Forum in Wroclaw, Poland.
United Kingdom
0430 ET	Aug U.K. retail sales ex-auto fuel expected -0.2% m/m and -0.2% y/y, Jul +0.2% m/m and -0.2% y/y.
0430 ET	Aug U.K. retail sales with auto fuel expected -0.3% m/m and -0.1% y/y, Jul +0.2% m/m and unchanged y/y.
Canada
0830 ET	Jul Canada manufacturing sales expected +1.2% m/m, Jun -1.5% m/m.

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

Ralph Lauren (RL) - Barchart Chart of the Day

Barchart.com's Chart of the Day - Ralph Lauren (RL)

Barchart Research Team - Barchart.com - Wed Sep 14, 5:42PM CDT

Related Stocks

RL - Ralph Lauren Corp.

Sym	Last	Chg	Pct
RL	145.43	+2.21	+1.54%

The "Chart of the Day" is Ralph Lauren (RL), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also showed up on the Barchart "All Time High" list. Ralph Lauren on Wednesday rallied by 3.42% and posted a new all-time high of $145.16. In recent news on the stock, UBS on Aug 11 reiterated its Buy rating on Ralph Lauren and raised its target to $150 from $140 due to solid Q1 results and improved near-term revenue trends, higher gross margins and pricing power, and expanding benefits from scale. Ralph Lauren, with a market cap of $12.7 billion, sells men's, women's and children's apparel, accessories, fragrances, and home furnishings.


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.
The status of 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: 60% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• 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

Amazon keeps selling

FULL ARTICLE AND MORE GRAPHS:

A few years ago I passed on Amazon (AMZN) because I didn't think that the US was getting any more literate so what could their growth possibilities be?  I has no idea that they could expand their product offerings the way they did.  Lately I wondered if they still had some growth left.  The stock has been doing quite well as this Barchart provided chart reveals:

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter technical buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 8.77% in the last month
• Relative Strength Index 60.29% and rising
• Barchart computes a technical support level at 214.88
• Recently traded at 219.95 which is above its 50 day moving average of 208.24

Summary:  Amazon (AMZN) is the leader in the Internet sales area.  They should be very profitable after the new technology upgrades are in place. New investors at this level should experience an annual total return of 9% - 11% over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Nuance Communications - right place at the right time

Full Article and more graphs

Nuance Communications (NUAN) is a voice recognition software company that seems to be at the right place at the right time and has a price momentum that is at a turning point.  Phones, tablets, PCs, laptops and even automobiles are all beginning to use voice recognition software and this industry is growing.  A look at this Barchart of hourly trading activity over the last month shows promise:

Barchart technical indicators:

• Although many technical indicators are still on a sell signal, sell signals are getting weaker and buy signals are strengthening
• 56% Barchart technical sell signal - weakening
• Trend Spotter sell signal - weakening
• Above its 20 day moving average but still below its 50 and 100 day moving averages
• Relative Strength Signal is 50.27 and rising
• Barchart computes a technical support level at 17.44
• Recently traded at 18.02 which is below its 50 day moving average of 19.10

Summary:  Nuanace Communication (NUAN) is at the center of the voice communication and voice recognition software industry.  We've seen computer go from numbers, to words and now to voice/verbal input.  I think this is a very timely buy and predict that an acquisition of this stock at today's price could see an annual total return of 14% to 16% to lucky investors.

Jim Van Meerten is a Marketocracy Master

Sonic Automotive - SONC - deleted

This morning Barchart gave a sell signal on Sonic Automotive (SONC) so I deleted it from the Barchart Van Meerten Speculative portfolio:

Barchart technical indicators:

• 96% Barchart technical sell signal
• Trend Spotter technical sell signal
• Below its 20, 50 and 100 day moving averages
• 34.15% off its recent high
• Relative Strength Index 30.62% and falling

Jim Van Meerten is a Marketocracy Master

Noble Energy NBL deleted

This morning on Barchart there were sell signals on Noble Energy (NBL) so I deleted it from the Barchart Van Meerten New High portfolio:

Barchart technical indicators:

• 96% Barchart technical sell signal
• Trend Spotter technical sell signal
• Below its 20, 50 and 100 day moving averages
• Off of recent high by 20.83%
• Relative Strength Index 37.98% and falling

Jim Van Meerten is a Marketocracy Master

GlaxoSmithKline (GSK) deleted

This morning on Barchart there were sell signals on GlaxoSmithKline (GSK) so I deleted it from the Barchart Van Meertren New High portfolio.

Barchart technical indicators:

• 72% Barchart technical sell signal
• Trend Spotter technical sell signal
• Below its 20, 50 and 100 day moving averages
• Lost 9.28% from its recent high
• Relative Strength Index 42.16% and falling

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/14

Barchart Morning Call

Barchart.com - 13 mins ago

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +1.52% and Dec S&Ps up +8.40 points. The dollar and Treasuries are weaker and commodities are mixed on speculation China may still offer support for Europe after the Caijing magazine reported that China is still willing to buy bonds of nations hit by the debt crisis, citing the vice chairman of the National Development and Reform Commission. In a sign that European banks are having trouble borrowing dollars in the interbank market, the ECB said it will allot $575 million in a regular 7-day liquidity-providing operation at a fixed rate of 1.1%, the first time in a month that lenders have requested dollars from the ECB. The cost of converting euro-based payments into dollars as measured by the 1-year cross-currency basis swap was 99.1 bp below the Euribor rate, close to widest rate in 2-3/4 years of 112.5 bp set on Monday. Gains in European stocks were limited after Jul Euro-Zone industrial production rose +1.0% m/m and +4.2% y/y, weaker than expectations of +1.5% m/m and +4.6% y/y.
• Asian stocks today closed mixed with Japan down -1.14%, China +0.47%, Australia -1.64%, South Korea -3.53%, India +1.47%. Asian stocks were undercut after Chinese Premier Wen Jiabao, speaking at the World Economic Forum in Dalian, said indebted economies must "put their own houses in order," which dampened speculation China would buy more European government debt and rescue Europe from its growing debt crisis. Japan's Nikkei 225 Stock Index fell to a 6-month low after Standard & Poor's cut Japan's GDP forecast for this year to zero from a previous estimate of 1.3%, saying the rebound from the Mar 11 earthquake is likely to be "less robust" than expected and that "the yen's sharp appreciation against major currencies also undermines Japan's recovery."

Overnight U.S. Stock News

• December S&Ps this morning are trading up +8.40 points. The US stock market yesterday settled higher on reduced European debt concerns along with a rally in regional bank stocks: Dow Jones +0.40, S&P 500 +0.91, Nasdaq Composite +1.49%. Bullish factors included (1) reduced European sovereign-debt concerns after German Chancellor Merkel said she won't allow Greece to go into "uncontrolled insolvency" (2) carry-over support from a rally in French bank stocks after the CEO of Societe Generale said his bank's exposure to European sovereign debt was "manageable" and that it could do without access to U.S. money-market funds, which dispelled earlier reports that French banks were having problems obtaining funding in U.S. dollars, and (3) strength in regional U.S, bank stocks after RBC Capital Markets raised their outlook on Fifth Third Bancorp to "outperform" from "sector perform."
• Bearish factors included (1) concern the European debt crisis will worsen and spread throughout Europe after credit default swaps to insure the government debts of Belgium, France, Greece, Italy, Portugal and Spain all rose to records, (2) the survey by Manpower that shows its Q4 employment index fell to 7, the first decline in 9 quarters, from 8 in Q3, which indicates the pace of hiring in the U.S. will remain weak as employers stay guarded about the economic outlook, and (3) data from the Census Bureau that showed the proportion of people in the U.S living in poverty in 2010 rose for the third straight year to a 17-year high of 15.1% with the ranks of people in poverty in the U.S rising to 46.2 million, the most since Census Bureau data began 52 years ago.
• Dell (DELL) rose 1.8% in European trading after the company said its board approved an extra $5 billion for stock repurchases, adding to the $2.16 billion already authorized for the company's share-buyback program.

Today's Market Focus

• December 10-year T-notes this morning are down -6 ticks. T-note prices yesterday weakened on reduced safe-haven demand from the European debt crisis along with supply pressures: TYZ11 -13, FVZ11 -3.7, EDH12 +0.5. Bearish factors included (1) comments from German Chancellor Merkel who said she won't allow Greece to go into "uncontrolled insolvency," which temporarily reduces European debt concerns and safe-haven demand for Treasuries, (2) the stronger-than-expected Aug import price index which fell -0.4% m/m and rose +13.0% y/y, stronger than expectations of -0.8% m/m and +12.4% y/y, and (3) supply pressures ahead of the Treasury's $13 billion auction of 30-year T-bonds on Wed. Bullish factors included (1) carry-over support from a drop in the 10-year German bund yield to a record low of 1.679% on concern the European debt crisis will spread throughout the Euro-Zone after credit default swaps to insure the government debts of Belgium, France, Greece, Italy, Portugal and Spain all rose to records, and (2) data from the Census Bureau that showed the proportion of people in the U.S living in poverty in 2010 rose for the third straight year to a 17-year high of 15.1% with the ranks of people in poverty in the U.S rising to 46.2 million, the most since Census Bureau data began 52 years ago.
• The dollar index this morning is weaker with the dollar/yen -0.15 yen and the euro/dollar +0.40 cents. The dollar index yesterday closed lower on reduced European debt risks after German Chancellor Merkel rejected any calls for a Greek bankruptcy: Dollar Index -0.659, USDJPY -0.269, EURUSD -0.00004. Bearish factors included (1) reduced safe-haven demand for the dollar after German Chancellor Merkel said she won't let Greece fall into "uncontrolled insolvency" because the risk of contagion for the other Euro-Zone countries "is very big" and (2) the rally in the stock market which also undercut the safe-haven demand for the dollar. Bullish factors included (1) concern the European debt crisis will worsen after credit default swaps to insure the government debts of Belgium, France, Greece, Italy, Portugal and Spain all rose to records, (2) weak demand for Italy's sale of 3.9 billion euros of 5-year bonds that had a bid-to-cover ratio of 1.28, compared with a bid-to-cover ratio of 1.93 at a similar sale in July, and (3) continued strong demand for dollars from European banks after the 3-month dollar Libor rate rose to a 1-year high of 0.34711%.
• Oct crude oil prices this morning are down -54 cents a barrel and Oct gasoline is -0.43 of a cent per gallon. Crude oil and gasoline prices yesterday settled higher on an expected drop in weekly DOE inventories along with reduced European debt concerns: CLV11 +$2.02, RBV11 +0.42. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) the outlook for crude oil stockpiles to fall when the DOE releases its weekly inventory figures on Wed, and (3) reduced European debt concerns which fueled a stock market rally that improves confidence in the economic outlook and energy demand. Bearish factors included (1) the action by the IEA to cut its 2011 global oil demand forecast by 200,000 barrels a day and the cut in its 2012 global oil demand forecast by 400,000 barrels a day and (2) concern the ongoing European sovereign debt crisis will slow the global economy and fuel demand. Expectations for Wednesday's weekly inventory report from the DOE are for crude oil supplies to fall -3.0 million bbl, gasoline stockpiles to fall -500,000 bbl, distillate inventories to rise +875,000 bbl and the refinery capacity rate to fall -0.9 to 88.2%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PLL-Pall Corp. (BEST earnings consensus $0.87), CLC-Clarcor (0.66), ASNA-Ascena Retail Group (0.49).
Global Financial Calendar

Wednesday 9/14/11
United States
0700 ET	Weekly MBA mortgage applications, previous -4.9% with purchase mortgage sub-index +0.2% and refinancing sub-index -6.3%.
0830 ET	Aug PPI expected unchanged m/m and +6.5% y/y, Jul +0.2% m/m and +7.2% y/y. Aug PPI ex food & energy expected +0.2% m/m and +2.6% y/y, Jul +0.4% m/m and +2.5% y/y.
0830 ET	Aug retail sales expected +0.2% and +0.2% less autos, Jul +0.5% and +0.5% less autos.
1000 ET	Jul business inventories expected +0.5%, Jun +0.3%.
1300 ET	Treasury auctions $13 billion 30-year T-bonds.
Japan
0030 ET	Revised Jul Japan industrial production, previous +0.6% m/m and -2.8% y/y.
0200 ET	Revised Aug Japan machine tool orders, previous +15.3% y/y.
United Kingdom
0430 ET	Aug U.K. jobless claims change expected +32,000, Jul +37,100. Aug claimant count rate expected 5.0%, Jul 4.9%.
0430 ET	Jul U.K. avg weekly earnings expected +2.7% 3-mo/year-over-year, Jun +2.6% 3-mo/year-over-year.
0430 ET	Jul U.K. avg weekly earnings ex-bonus expected +2.1% 3-mo/year-over-year, Jun +2.2% 3-mo/tewar-over-year.
0430 ET	Jul U.K. ILO unemployment rate expected 7.9% (3-months), Jun 7.9% (3-months).
Euro-Zone
0500 ET	Jul Euro-Zone industrial production expected +1.5% m/m and +4.6% y/y, Jun -0.8% m/m and +2.7% y/y.
Canada
0830 ET	Q2 Canada capacity utilization rate, Q1 79.0%.

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

Green Mountain Coffee Roasters (GMCR) Barchart Chart of the DAy

Barchart.coms Chart of the Day - Green Mountain Coffee Roasters (GMCR)

Barchart Research Team - Barchart.com - Tue Sep 13, 6:58PM CDT

Related Stocks

GMCR - Green Mountain Coffee Roasters

Sym	Last	Chg	Pct
GMCR	110.86	+0.90	+0.82%

The "Chart of the Day" is Green Mountain Coffee Roasters (GMCR), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also showed up on the Barchart "All Time High" list. GMCR on Tuesday posted a new all-time high of $114.00 and closed up 0.82%. In recent news on the stock, Starbucks announced on Aug 30 that it will start selling in November its coffee in single-cup packs for Green Mountain Coffee Roasters' "Keurig Single Cup Brewing System." GMCR also has agreements with Dunkin' Donuts and Swiss Miss to sell single-cup servers for its brewing system. Green Mountain Coffee Roasters, with a market cap of $16 billion, sells coffee, brewing technology, and gourmet single-cup brewing systems.


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.
The status of 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: 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

Dell for both the consumer and businesses

Dell (DELL) is not the most innovative computer company but they continue to "custom build" computers to fit the needs of both the retail and business customer. Consumer sales have been weak but businesses are continuing to replace ageing technology to keep up with the new direction of cloud computing and the massive amount of required data storage that just seems to keep building.  Dell's recently depressed price could signal a good accumulation point. Consider the trading price range compared to the 20, 50 and 100 day moving averages over the last 6 months.

Barchart technical indicators:

• Technical sell signals can signal a good accumulation point for stocks that you want to add to your portfolio for their long term appreciation
• Barchart 88% technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 daily moving averages
• selling at a 19.38% discount to it 1 year high
• Relative strength Index is 43.29 and still falling
• Barchart computes a technical support level at 13.54
• Recently traded at 14.19 which is below its 50 day moving average of 15.56

Summary: Dell (Dell) will be around for a good long while.  The question is not will they survive, the question is how well will they thrive when the economy recovers.  If the economy recovers sales and earnings will improve.  A robust stock market with a return to historical P/E ratios could mean that investors entering at this level could see an annual total return in the 16-18% level.

Jim Van Meerten is a Marketocracy Master

Coca-Cola has a lot of fizz left

COMPLETE ARTICLE AND GRAPHS

Over the years a company that has always been in the news has been the iconic American brand Coca-Cola (KO).  No matter where in the world you go you see the bottle, logo and even without knowing the local language to read the label you know its a Coke.  The stock has even caught Warren Buffet's attention and is part of the Bershire Hathaway (BRK.B) portfolio.  Is there still fizz left for your portfolio?  Let's look at the numbers.

First please look at the 2 1/2 year weekly trading chart of KO vs. its 20, 50 and 100 week moving averages provided by Barchart:

Barchart technical indicators:

• 48% Barchart overall technical buy signals - short term indicators are strengthening
• Trend Spotter technical buy signal
• Priced above its 20, 50 and 100 day moving averages
• 9 new highs and up 3.08% in the last month
• Relative Strength Index is 51.25%
• Barchart computes a technical support level at 68.21
• Recently traded at 69.26 which is above its 50 day moving average of 68.37

Summary:  Long term investors should not be afraid to add Coca-Cola (KO) to their portfolio.  If the sales projection come in and the stock return more to its median P/E ratio of 20 then investors could experience a total return in the 15% - 17% range annually over then next 5 years

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/13

Barchart Morning Call

Barchart.com - 13 mins ago

Overnight Developments

• Global stocks this morning are weaker with the Euro Stoxx 50 down -0.24% at a fresh 2-1/2 year low and Dec S&Ps down -6.20 points. The euro fell on concern the European sovereign-debt crisis will widen as credit default swaps to insure the government debts of Belgium, France, Greece, Italy, Portugal and Spain all rose to records. German Chancellor Merkel tried to assuage market angst when she said she won't let Greece fall into "uncontrolled insolvency" because the risk of contagion for the other Euro-Zone countries "is very big." The euro also fell back after a second report from the Financial Times that China would provide financial support to Italy poured cold water on those expectations when the report said it was doubtful that China would buy Italian bonds. That prompted weak demand for Italy's sale of 3.9 billion euros of a new benchmark 5-year bond that had a bid-to-cover ratio of 1.28, compared with a bid-to-cover ratio of 1.93 at a similar sale in July. Weakness in European banks is leading the broader market lower amid mounting concern the sovereign-debt crisis is hurting interbank lending. BNP Paribas dropped 7.9% as France's biggest bank denied a WSJ article that said it was having problems obtaining funding in U.S. dollars. Another negative for stock prices was the +0.6% m/m and +2.4% increase in Aug French CPI, stronger than expectations of +0.3% m/m and +2.2% y/y with the +2.4% annual gain the fastest pace of increase in 2-3/4 years.
• Asian stocks today closed mixed with Japan up +0.95%, China -1.12%, Australia +0.85%, India -0.21%. Mounting concern the European debt crisis will spread and slow the global economy and demand for Asian exports is the biggest negative factor undercutting Asian stock markets. Chinese bank stocks also fell on concern the government will tighten monetary policy further after the Beijing News reported the PBOC sold additional bills to major lenders, a step to drain liquidity from the banking system.

Overnight U.S. Stock News

• December S&Ps this morning are trading down -6.20 points. The US stock market yesterday traded lower for most of the day on concern the European sovereign-debt crisis will worsen and Greece may default on its debt but a Financial Times report that China may buy Italian government bonds fueled a late-day rally that left stocks higher: Dow Jones +0.63, S&P 500 +0.70%, Nasdaq Composite +1.10%. The Dow posted a 3-week low and the S&P 500 fell to a 2-week low but they both erased their losses and finished higher. Bullish factors included (1) comments from Dallas Fed President Fisher who said "inflation is not an issue presently," (2) a rally in technology stocks due to increased M&A activity after Broadcom agreed to buy NetLogic Microsystems for $3.7 billion, (3) a Financial Times report that Italy was in talks with a Chinese investment firm to buy Italian government bonds, which reduced European debt concerns and sparked a late-day short-covering rally, and (4) the decline in the 10-year T-note yield to a record low 1.876%.
• Bearish factors included (1) concern that Greece may default on its debt an economic adviser to German Chancellor Merkel said that decisions taken in July by European leaders "won't suffice" to save Greece from missing a payment on its debt, (2) concern the European debt crisis will worsen and spread throughout Europe after credit default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records, (3) the action by the NABE to cut its 2011 U.S. GDP forecast to 1.7% from a May forecast of 2.8% and the cut in its 2012 U.S. GDP forecast to 2.3% from a May forecast of 3.2%, and (4) weakness in bank stocks after European bank stocks plunged when people with knowledge of the matter said Moody's Investors Service may cut the credit ratings of France's biggest banks because of their holdings of Greek debt and after Citigroup cut its Q3 profit estimates for U.S. banks.

Today's Market Focus

• December 10-year T-notes this morning are down -2 ticks. T-note prices yesterday rallied to an all-time high on increased safe-haven demand due to concern Greece may default on its debt but prices erased their gains and closed lower as the equity market rebounded: TYZ11 -9.5, FVZ11 -8.7, EDH12 -1.5. The 10-year T-note yield fell to an all-time low of 1.876%. Bearish factors included (1) so-so demand for the Treasury's $32 billion auction of 4-year T-notes that had a 3.15 bid-to-cover ratio, below last month's ratio of 3.29, (2) a late-day recovery in the equity market after the Financial Times reported that Italy was in talks with a Chinese investment firm to buy Italian government bonds, which reduced European debt concerns, and (3) supply pressures ahead of the Treasury's $21 billion auction of 10-year T-notes on Tue. Bullish factors included (1) concern that Greece may default on its debt after an economic adviser to German Chancellor Merkel said that decisions taken in Jul by European leaders "won't suffice" to save Greece from missing a payment on its debt, (2) carry-over support from a drop in the 10-year German bund yield to a record low of 1.705% on concern the European debt crisis will spread throughout the Euro-Zone after credit default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records, (3) comments from Dallas Fed President Fisher who said "inflation is not an issue presently," and (4) the action by the NABE to cut its 2011 U.S. GDP forecast to 1.7%, down from a May forecast of 2.8% and the cut in its 2012 U.S. GDP forecast to 2.3% from a May forecast of 3.2%.
• The dollar index this morning is slightly higher with the dollar/yen -0.23 yen and the euro/dollar -0.27 cents. The dollar index yesterday rallied up to a 6-1/2 month high on heightened European sovereign-debt concerns but fell back as the euro erased its losses after the Financial Times reported that Italy was in talks with a Chinese investment firm to buy Italian government bonds: Dollar Index +0.386, USDJPY -0.388, EURUSD +0.00230. Bullish factors included (1) a surge in safe-haven demand for the dollar as global stock markets plunged on concern the European debt crisis will worsen after credit default swaps to insure the government debts of Greece, Italy, Spain and France all surged to records, (2) the euro negative statement from the European Commission that the Euro-Zone recovery remains "fragile" and sovereign-debt levels will continue to increase through 2012 as governments struggle in the aftermath of the recession, and (3) continued strong demand from European banks for dollars as the 3-month dollar Libor rate climbed to a 1-year high of 0.34289%. Bearish factors included (1) reduced concerns that Greece will default on its sovereign debt after the Ta Nea newspaper reported that Deputy Greek Finance Minister Sachinidis said that the Greek government has the cash reserves to cover its needs for October (2) the action by the NABE to cut its 2011 and 2012 U.S. GDP forecasts, which is dollar negative, and (3) late-day short covering in the euro after the Financial Times reported that Italy was in talks with a Chinese investment firm to buy Italian government bonds.
• Oct crude oil prices this morning are up +88 cents a barrel and Oct gasoline is +1.44 cents per gallon. Crude oil and gasoline prices yesterday settled mixed as gasoline weakened to a 3-week low on concern the European credit crisis will worsen and slow the global economy and energy demand while crude gained after the dollar fell back from its best levels: CLV11 +$0.95, RBV11 -3.28. Bearish factors included (1) the rally in the dollar index to a 6-1/2 month high, which discourages investment demand in commodities, (2) the slide in global stock markets on concern the European debt crisis will worsen and reduce economic growth and fuel demand, (3) the action by OPEC to cut its global oil demand estimate for this year to 87.99 million barrels a day, down -150,000 barrels a day from a previous forecast, and (4) the action by the NABE to cut its 2011 U.S. GDP forecast to 1.7%, down from a May forecast of 2.8% and the cut in its 2012 U.S. GDP forecast to 2.3% from a May forecast of 3.2%. Bullish factors included (1) the prediction from Goldman Sachs that global oil markets will tighten up the remainder of the year and into 2012 as the market absorbs additional supplies from the release of strategic stockpiles in the U.S. and (2) the dollar index which closed little changed after it gave up most of its advance to a 6-1/2 month high.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): BBY-Best Buy (BEST earnings consensus $0.53), FUL-HB Fuller (0.47), LRN-K12 Inc. (0.00), CBRL-Cracker Barrel (0.99).
Global Financial Calendar

Tuesday 9/13/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET	Aug import price index expected -0.8% m/m and +12.4% y/y, Jul +0.3% m/m and +14.0% y/y.
0855 ET	Redbook weekly retailer sales.
1000 ET	Sep IBD/TIPP economic optimism expected +2.2 to 38.0, Aug -5.6 to 35.8.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $21 billion 10-year T-notes.
1400 ET	Aug monthly budget statement expected -$132.0 billion, Jul -$129.376 billion.
France
0130 ET	Aug French CPI (EU harmonized) expected +0.3% m/m and +2.2% y/y, Jul -0.5% m/m and +2.1% y/y.
United Kingdom
0430 ET	Jul U.K. house prices expected -1.2% y/y, Jun -2.0% y/y.
0430 ET	Aug U.K. CPI expected +0.6% m/m and +4.5% y/y, Jul unchanged m/m and +4.4% y/y.
0430 ET	Aug U.K. core CPI expected +3.0% y/y, Jul +3.1% y/y.
0430 ET	Aug U.K. RPI expected +0.6% m/m and +5.1% y/y, Jul -0.2% m/m and +5.0% y/y. Aug RPI ex mortgage interest payments expected +5.2% y/y, Jul +5.0% y/y.

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

Western Gas Partners (WES) Barchart Chart of the Day

Barchart.com's Chart of the Day - Western Gas Partners (WES)

Barchart Research Team - Barchart.com - Mon Sep 12, 6:16PM CDT

Related Stocks

WES - Western Gas Partners Lp

Sym	Last	Chg	Pct
WES	36.53	+0.36	+1.00%

The "Chart of the Day" is Western Gas Partners (WES), which showed up on Monday's Barchart "NYSE 3-Month High" list. WES on Monday rallied by 1.00% and edged to a new 4-month high of $36.46. A rally above the all-time high of $37.05 posted on April 29, 2011 would be a particularly bullish technical signal. TrendSpotter issued a Buy signal for WES on Sep 1 at $36.41. In recent news on the stock, Western Gas Partners on July 5 increased its quarterly dividend to 40.5 cents per unit, a 4% increase over the prior quarter's distribution of 39 cents per unit. Western Gas Partners on Aug 3 reported Q2 EPS of 39 cents, which was below the consensus of 44 cents but included the effects of a $1.9 million realized loss on an interest rate hedge. Western Gas Partners, with a market cap of $2.1 billion, is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 3-month highs. A new 3-month high is a sign of upside momentum.
The status of 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: 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