Strum Ruger --RGR-- deleted

Time to trim Strum Ruger (RGR) from the Barchart Van Meerten New High portfolio for a loss that exceed the market.

Barchart technical indicators:

• 60% Barchart short term technical sell signal
• Trend Spotter technical sell signal
• Below its 20 and 50 day moving averages
• Lost 26.88% in the past month and is 29.50% off its 1 year high
• Relative Strength Index is 36.82% and still falling

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/30

Barchart Morning Call

Barchart.com - 18 mins ago

Overnight Developments

• Global stocks this morning are mostly lower with the Euro Stoxx 50 down -1.39% and Dec S&Ps down -13.10 points. The dollar and Treasuries are higher and commodities are weaker on concern the global economy is slowing. Aug German retail sales fell -2.9% m/m, larger than expectations of a -0.5% m/m decline and the biggest monthly drop in 4 years. European inflation unexpectedly accelerated after the Sep Euro-Zone CPI estimate jumped to +3.0% y/y, much higher than expectations of +2.5% y/y and the fastest pace of increase in nearly 3 years. European bank stocks led the overall market lower after UBS AG downgraded Societe Generale to "neutral" from "buy" and cut its price estimate on BNP Paribas SA to 31 euros from 36 euros. Deutsche Bank tumbled 8% after the Handelsblatt reported that the bank may cut its earnings estimates for this year, citing unidentified people close to the management board.
• Asian stocks today closed mostly lower with Japan down -0.01%, China -0.26%, Australia +0.01%, South Korea +0.02%, India -1.46%. Economic concerns undercut Asian markets after Aug Japan household spending fell -4.1% y/y, weaker than expectations of -2.8%, and Aug Japan industrial production rose +0.8% m/m and +0.6% y/y, weaker than expectations of +1.5% m/m and +1/1% y/y. Lifting Japanese stocks up off of their lows was the +1.8% y/y increase in Aug Japan vehicle production, its first gain in 11 months, while the Aug Japan jobless rate unexpectedly fell -0.4 to 4.3%, a 2-1/2 year low. New Zealand bond yields surged and its currency fell after Standard & Poor's joined Fitch ratings in cutting New Zealand's long-term local-currency rating by one level to AA+ and its foreign-currency debt to AA from AA+. Both credit assessors cited concern that government and household debt is expanding. Aug South Korea industrial production rose +4.8% y/y, weaker than expectations of +6.1% y/y, while the Sep China HSBC manufacturing PMI was 49.9, unchanged from Aug but higher than the originally reported 49.4 last week.

Overnight U.S. Stock News

• December S&Ps this morning are trading down -13.10 points. The US stock market yesterday shot higher early after stronger-than-expected U.S. economic data and after the German government approved changes to a European bailout fund along, but prices shed their gains and finished mixed as losses in technology and consumer retail stocks undercut prices: Dow Jones +1.30%, S&P 500 +0.81%, Nasdaq Composite -0.43%. Bullish factors included (1) strength in financial stocks after the German parliament approved an expansion of the EFSF, which may help contain the sovereign-debt crisis, (2) the larger-than-expected decline in weekly U.S. initial unemployment claims which fell to their lowest level in 5-1/2 months (-37,000 to 391,000 versus expectations of -3,000 to 420,000), (3) the larger-than-expected upward revision to Q2 U.S. GDP (+1.3% annualized versus expectations of +1.2% annualized as Q2 personal consumption was revised up to +0.7% from +0.4%), and (4) the better-than-expected Aug U.S. pending home sales (-1.2% m/m and +13.1% y/y versus expectations of -2.0% m/m and +6.3% y/y).
• Bearish factors included (1) comments from Fed Chairman Bernanke who said that unemployment in the U.S. is a "national crisis," (2) weakness in technology stocks after Advanced Micro Devices plunged when it reduced its forecasts for Q3 sales and profitability because of manufacturing glitches, and (3) a slump in retailers on concern about slower economic growth in China.
• Exxon-Mobil (XOM) fell 1.5% in pre-market trading as crude oil prices fell on signs a slowing global economy will diminish fuel demand.
• Bank of America (BAC) fell 1.6% and JPMorgan Chase (JPM) fell 1.5% in pre-market trading on carry-over weakness from a fall in European bank stocks.

Today's Market Focus

• December 10-year T-notes this morning are up +2.5 ticks. T-note prices yesterday were under pressure early on reduced safe-haven demand after German lawmakers approved an extension of a Euro-Zone bailout plan along with stronger-than-expected U.S. economic data, but strong demand for the Treasury's $29 billion 7-year T-note auction along with an afternoon retreat in stocks lifted T-note prices into positive territory: TYZ11 +10, FVZ11 +1.7, EDH12 -2.0. Bearish factors included (1) reduces safe-haven demand for Treasuries when German lawmakers approved an expansion of the Euro-Zone rescue fund, (2) the larger-than-expected decline in weekly U.S. initial unemployment claims which fell to their lowest level in 5-1/2 months (-37,000 to 391,000 versus expectations of -3,000 to 420,000), (3) the larger-than-expected upward revision to Q2 U.S. GDP (+1.3% annualized versus expectations of +1.2% annualized), (4) the unexpected upward revision to the Q2 core PCE deflator to its fastest pace of increase in 3-years (+2.3% y/y versus expectations of unchanged at +2.2% y/y), and (5) the better-than-expected Aug U.S. pending home sales (-1.2% m/m and +13.1% y/y versus expectations of -2.0% m/m and +6.3% y/y). Bullish factors included (1) comments from Fed Chairman Bernanke who said that unemployment in the U.S. is a "national crisis," (2) strong demand for the Treasury's $29 billion auction of 7-year T-notes that had a bid-to-cover ratio of 3.02, higher than the 12-auction average of 2.85, and (3) a slump in stock prices which boosted safe-haven demand for Treasuries.
• The dollar index this morning is higher with the dollar/yen -0.01 yen and the euro/dollar -1.02 cents. The dollar index yesterday settled little changed as the euro gained when German lawmakers approved an expansion of a bailout fund for debt-stricken Euro-Zone nations: Dollar Index +0.176, USDJPY +0.226, EURUSD +0.00541. Bearish factors included (1) reduced safe-haven demand for the dollar after the German parliament approved an expansion of the EFSF, which may help contain the sovereign-debt crisis, (2) the larger-than-expected drop in Sep German unemployment along with the unexpected fall in the German unemployment rate to 6.9%, the lowest since German reunification began two decades ago, and (3) dollar negative comments from Fed Chairman Bernanke who said that unemployment in the U.S. is a "national crisis." Bullish factors included (1) the unexpected downward revision in Sep Euro-Zone consumer confidence to a 2-year low, which is euro negative, (2) the larger-than-expected upward revision to Q2 U.S. GDP, and (3) the increase in the 3-month dollar Libor rate for the 15th consecutive day up to a 13-month high of 0.37211%, a sign of strong European demand for dollars.
• Nov crude oil prices this morning are down -40 cents a barrel and Nov gasoline is -1.04 cents per gallon. Crude oil and gasoline prices yesterday settled mixed as a stronger dollar offset a stronger than expected upward revision of Q2 U.S. GDP and reduced European debt concerns after German lawmakers approved an expanded European bailout fund: CLX11 +$0.93, RBX11 -1.67. Bullish factors included (1) the action by German lawmakers to approve an expansion of the EFSF bailout fund, which may help resolve the European debt crisis, (2) the larger-than-expected upward revision to Q2 U.S. GDP, which indicates increased fuel consumption, and (3) the plunge in weekly U.S. initial unemployment claims to a 5-1/2 month low, which signals economic improvement that may benefit fuel demand. Bearish factors included (1) the stronger dollar, which discourages investment demand in commodities, (2) the unexpected downward revision to Sep Euro-Zone consumer confidence to a 2-year low, which may curtail European consumer spending and energy demand and (3) comments from Fed Chairman Bernanke who that unemployment in the U.S. is a "national crisis," which may undercut economic growth and energy demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MSCI-MSCI Inc. (BEST earnings consensus $0.45), CRAI-CRA International (0.41).
Global Financial Calendar

Friday 9/30/11
United States
0830 ET	Aug personal spending expected +0.2%, Jul +0.8%. Aug personal income expected +0.1%, Jul +0.3%. Aug PCE deflator expected +2.9% y/y, Jul +2.8% y/y. Aug core PCE deflator expected +0.2% m/m and +1.7% y/y, Jul +0.2% m/m and +1.6% y/y.
0945 ET	Sep Chicago purchasing managers index expected -1.5 to 55.0, Aug -2.3 to 56.5.
0955 ET	Final Sep U.S. University of Michigan consumer confidence expected unchanged at 57.8, previous +2.1 to 57.8.
1100 ET	St. Louis Fed President James Bullard speaks at an event in San Diego.
Japan
0000 ET	Aug Japan vehicle production, Jul -8.9% y/y.
0100 ET	Aug Japan construction orders, Jul +5.7% y/y.
0100 ET	Aug Japan housing starts expected +4.5% y/y, Jul +21.2% y/y.
Germany
0200 ET	Aug German retail sales expected -0.5% m/m and -1.0% y/y, Jul +0.3% m/m and -1.6% y/y.
France
0245 ET	Aug French producer prices.
0245 ET	Aug French consumer spending expected +0.2% m/m and +1.3% y/y
Euro-Zone
0500 ET	Sep Euro-Zone CPI estimate expected +2.5% y/y, Aug +2.5% y/y.
0500 ET	Aug Euro-Zone unemployment rte expected unchanged at 10.0%, Jul unchanged at 10.0%.
Canada
0830 ET	Jul Canada GDP expected +0.3% m/m and +2.3% y/y, Jun +0.2% m/m and +2.0% y/y.
CHI
2100 ET	Sep China PMI manufacturing, Aug +0.2 to 50.9.

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

Allergan - Barchart Chart of the Day

Barchart.com's Chart of the Day - Allergan (AGN)

Barchart Research Team - Barchart.com - Thu Sep 29, 7:25PM CDT

Related Stocks

AGN - Allergan

Sym	Last	Chg	Pct
AGN	85.03	+0.93	+1.11%

The "Chart of the Day" is Allergan (AGN), which showed up on Thursday's Barchart "All Time High" list. Allergan on Thursday posted a new all-time high of $85.92 and closed up 1.11%. TrendSpotter has been Long since Sep 7 at $82.42. In recent news on the stock, Goldman Sachs on Sep 19 reiterated its Buy rating with a target of $97 based on increased confidence in Allergan's Botox sales and its growing pipeline of products. Deutsche Bank on Sep 16 initiated coverage with a Buy and a target of $97. Allergan, with a market cap of $26 billion, is a global provider of eye care and specialty pharmaceutical products with products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens care, movement disorder, and dermatological markets.


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: 33% Buy
• Overall Average 80% Buy

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Chart of the Day Archive
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Green Mountain Coffee Roasters takes a pause

COMPLETE ARTICLE AND MORE GRAPHS

A little stock that could is Green Mountain Coffee Roasters (GMCR).  This stock has been on a run all year and is even going to be the subject of  CNBC special in the next few days.  In the past year the stock is up over 251% as this Barchart graph shows:

Barchart technical indicators:

• These are short term indicators that may signal the correction in price that many newletters including Value Line have been predicting
• 60% Barchart short term technical sell signal
• Trend Spotter hold signal that is showing a bullish tendency
• Trading below its 20 and 50 day moving average but still above its 100 day moving average
• Although the stock has gone up over 251% in the past year the stock has recently fallen 16.17% off its recent high
• The Relative Strength Index is down to 39.23% and still falling
• Barchart computes a technical support level at 90.46
• Recently traded at 96.60 which is below its 50 day moving average of 101.24

Summary: Green Mountain Coffee Roasters (GMCR) has had a fantastic run up but with a P/E ratio of 76.67% it would need to have maintain an earnings growth rate of 4 times the market to sustain the ratio.  Most experts predict that the markets have an upside potential of around 85% over the next 5 years.  Using GMCRs earnings forecasts and return to a more normal P/E ratio makes me feel that over the next 5 years the total return from this point on will not be appreciable higher than the rest of the market.  If you presently hold this stock please use caution and place appropriate sell stops to preserve your profits.  Stocks with P/E ratios this high fall fast at the first hint of not meeting earnings expectations.  Short interest in this stock is starting to grow and day traders should watch this in order to take advantage of some short term instability.  Long term investors won't make much if you  enter  at this price level.

Jim Van Meerten is a Marketocracy Master

Mickey D's keeps growing

COMPLETE ARTICLE AND MORE GRAPHS

Very few companies dominate their sector the way McDonalds (MCD) does.  They are almost 3 times bigger than their nearest competitor.  In the fast food industry US brands dominate the world wide market and even McDonalds get 66% of their sales and 54% of their profits from overseas operations.  Recently the stock has had a better than market return and has risen even in this shaky market as this hourly Barchart trading chart of the last months trading reveals:

Barchart technical indicators:

• In this market it's hard to find more solid technical indicators than MCDs
• 96% Barchart technical buy signal
• Trend Spotter buy signal
• The price is only 1.09% off its 1 year high
• Up 24.38% over the past year
• Trading above its 20, 50 and 100 day moving averages
• Relative Strength Index is 58.71% and rising
• Barchart computes a technical support level at 89.36
• Recently traded at 90.23 which is above its 50 day moving average of 87.09

Summary:  If you add McDonalds (MCD) to your portfolio you won't be alone.  The stock has double digit projections for increases in sales and earnings.  If you enter at this price you won't get rich but you will make solid returns

Jim Van Meerten is a Marketocracy Master

Sirius

COMPLETE ARTICLE AND MORE GRAPHS


It's hard to be serious about Sirius (SIRI).  Over the last  few years it has gone from a high of almost 70 in March of 2000 to a low of .05 in February of 2009.

Recent activity has been a little better as this Barchart hourly trading chart over the last month shows:

Barchart technical indicators:

• 72% Barchart technical sell signal is weakening
• Trend Spotter sell signal is weakening also
• The stock has been trading below its 20, 50 and 100 day moving averages
• Although the stock is 29.10% off its 1 year high it is up 49.14% over the last 12 months
• Relative Strength Index is 46.44% and rising
• Barchart computes a technical support level at 1.67
• The stock recently traded at 1.72 which is below its 50 day moving average of 1.80

Summary - Sirius XM Radio (SIRI) is a former and faded rising star.  There are so many great stocks that have solid projections of double digit increases in sales and earnings that I'm surprised that so many analysts and investors are still paying attention to it.  If you have money to lose and want to have speculation to brag about then buy a little. If you think at 1.72 it can't go any lower remember that a couple of years ago it fell as low as 5 cents and it can again.  This stock is for you craps shooters only.

Jim Van Meerten is a Marketocracy Master

Conocophillips is a 2 for 1

COMPLETE ARTICLE AND MORE GRAPHS

The reason I say Conocophillips (COP) is a 2 for 1 is the company will have a spin-off and become 2 companies early in 2012.  One company will contain the Refining and Marketing businesses and the other will contain the Exploration and Production businesses.  Buy COP now and you'll receive shares in both companies in the Spring.  My projections and comments are based on the company as it presently exists.  The stock is recovering as the Barchart hourly trading chart reveals:

Barchart technical indicators:

• As a whole indicators are presently on the sell side but the sell signals are weakening as the price begins to turn
• 72% Barchart technical sell signal is getting weaker
• Trend Spotter sell signal is getting weaker
• Presently below its 20, 50 and 100 day moving averages
• At this price its 18.22% off its 1 year high
• The 14 day Relative Strength Index is 49.29% and tracking to cross 50% soon
• Barchart computes a technical support level at 65.15
• Recently traded at 65.20 which is below its 50 day moving average of 67.46

Summary - If you've been watching Conocophillips (COP) for some time now is the time to buy,  The 4.22% dividend rate and a P/E ration of almost 1/2 the overall market's make today's price an attractive entry point.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/29

Barchart Morning Call

Barchart.com - 42 mins ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 down -0.22% and Dec S&Ps up +6.70 points. The euro, stocks and commodities rose, while credit-default swaps to insure European government debts fell after German lawmakers approved the expansion of the European Financial Stability Facility (EFSF) to combat the debt crisis. The vote raised Germany's guarantees to 211 billion euros ($287 billion) from 123 billion euros and grants the EFSF power to buy bonds in secondary markets, enable bank recapitalizations and offer precautionary credit lines. European stocks also received a boost after Sep German unemployment fell -26,000, the 27th consecutive monthly decline and greater than expectations of -8,000, and the Sep German unemployment rate unexpectedly slipped -0.1 to 6.9%, the lowest since German reunification began two decades ago. Taking European stocks into negative territory was the downward revision to Sep Euro-Zone consumer confidence by -0.2 to a 2-year low of -19.1 from the originally reported -18.9. Sep Euro-Zone economic confidence also fell -3.4 a 21-month low of 95.0, greater than expectations of -2.3 to 96.0. Treasuries maintained gains despite stock market strength, after Fed Chairman Bernanke said in a speech last night that unemployment in the U.S. is a "national crisis."
• Asian stocks today closed mixed with Japan up +0.99%, China -0.86%, Australia -0.77%, South Korea +2.93%, India +1.53%. Asian stocks received a lift on speculation that German lawmakers will vote to expand a bailout fund, which they did, that may help resolve the European debt crisis. Japanese exporters gained after the euro strengthened against the yen as Europe is the biggest market for some Japanese companies, including Nintendo and Canon. China's Shanghai Stock Index fell to a 14-1/2 month low on concern economic growth will slow as the government maintains measures to curb inflation and demand for exports falters in Europe and the U.S. Chinese Vice Premier Li Keqiang said the global economic situation is "complicated" and challenging, and the government's top priority will continue to be stabilizing prices.

Overnight U.S. Stock News

• December S&Ps this morning are trading up +6.70 points. The US stock market yesterday erased an early advance and settled lower on growing concern European leaders are divided over how to handle Greece's debt crisis: Dow Jones -1.61%, S&P 500 -2.07%, Nasdaq Composite -2.17%. Bearish factors included (1) carry-over weakness from a decline in European stocks on concern the region's sovereign-debt crisis may not be resolved after German Chancellor Merkel said policy makers may need to renegotiate the terms of Greece's second bailout after the troika finishes its latest review of Greece's finances, (2) a research paper from the New York Fed that states the productivity surge that helped boost U.S. economic growth since 1997 has probably ended with efficiency gains now closer to the +1.5% "low-trend growth" seen during the early 1970's from the +3.0% productivity increases seen during the "high-trend growth" period that followed, and (3) the slump in energy and raw material producers on concern a slowing economy will diminish demand for commodities.
• Bullish factors included (1) the smaller-than-expected decline in Aug durable good orders (-0.1% and -0.1% ex transportation versus expectations of -0.2% and -0.2% ex transportation) and (2) the action by Finland's parliament to approve an expansion of the 440 billion euro European Financial Stability Facility (EFSF) and expectations that the German parliament on Thursday will also vote to approve enhanced powers for the EFSF, which may bring European governments one step closer to stemming the region's debt crisis.
• JPMorgan Chase (JPM) rose 1.9% in European trading on carry-over support from a rally in European bank stocks after German lawmakers approved an expansion of a the EFSF bailout fund.

Today's Market Focus

• December 10-year T-notes this morning are up +5.5 ticks. T-note prices yesterday fell to a 1-week low but shed their losses and finished higher after the stock market slumped and the Treasury's $35 billion 5-year T-note auction was met with strong demand: TYZ11 +35, FVZ11 +2.5, EDH12 -2.5. Bullish factors included (1) increased safe-haven demand for Treasuries after stock prices fell on concern the European debt crisis may linger after German Chancellor Merkel said policy makers may need to renegotiate the terms of Greece's second bailout after the troika finishes its latest review of Greece's finances and (2) strong demand for the Treasury's $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 3.04, stronger than the 12-auction average of 2.79. Bearish factors included (1) the smaller-than-expected decline in Aug durable good orders (-0.1% and -0.1% ex transportation versus expectations of -0.2% and -0.2% ex transportation) and (2) supply pressures ahead of the Treasury's $29 billion auction of 7-year T-notes on Thu.
• The dollar index this morning is weaker with the dollar/yen +0.02 yen and the euro/dollar +0.68 cents. The dollar index yesterday rebounded from early losses and finished higher on concern European leaders lack the resolve to solve the region's debt crisis: Dollar Index -0.857, USDJPY +0.453, EURUSD +0.00527. Bullish factors included (1) concern that the European debt crisis may linger after German Chancellor Merkel said policy makers may need to renegotiate the terms of Greece's second bailout after the troika finishes its latest review of Greece's finances and (2) the increase in the 3-month dollar Libor rate for the 14th consecutive day up to a 13-month high of 0.36856%, a sign of strong European demand for dollars. Bearish factors included (1) the action by the Finnish parliament to approve an expansion of the 440 billion euro EFSF, the ninth Euro-Zone country to ratify its expansion which must be approved by all 17 Euro-Zone members, (2) the action by the European Commission to refute reports that said some Euro-Zone nations are pushing for private Greek bondholders to accept larger writedowns, saying the commission is unaware of discussions among Euro-Zone finance ministers "related to private-sector involvement," and (3) the unexpected increase in Sep German CPI to a 3-year high of +2.8% y/y, which may keep the ECB from lowering interest rates.
• Nov crude oil prices this morning are up +25 cents a barrel and Nov gasoline is +1.32 cents per gallon. Crude oil and gasoline prices yesterday declined and closed lower on concern the European debt crisis may linger after German Chancellor Merkel said policy makers may need to renegotiate the terms of Greece's second bailout after the troika finishes its latest review of Greece's finances: CLX11 -$3.24, RBX11 -6.07. Bearish factors included (1) concern that the European sovereign debt crisis will remain unresolved and weaken global growth and energy demand after German Chancellor Merkel hinted that a second Greece bailout may need to be revised after members of the troika review the Greek government's budget-cutting plans and (2) slack gasoline demand after the DOE reported that weekly gasoline supplies rose +791,000 bbl to an 8-week high of 214.9 million bbl and that the 4-week average for U.S. gasoline demand in the period ended Sep 23 fell -2.4% from a year earlier. Bullish factors included (1) the weaker dollar and (2) the smaller-than-expected decline in Aug U.S. durable goods orders, which hints at economic strength that is positive for fuel demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MU-Micron Technology (BEST earnings consensus $0.00), AZZ-AZZ Inc. (0.76), XRTX-Xyratex Ltd. (0.19), GY-Gencorp (0.06), DMAN-DemandTec (-0.02).
Global Financial Calendar

Thursday 9/29/11
United States
0250 ET	Boston Fed President Eric Rosengren speaks on ?How Supervision Can Detect Failures Early? at a conference in Stockholm.
0830 ET	Weekly initial unemployment claims expected -3,000 to 420,000, previous -9,000 to 423,000. Weekly continuing claims expected +3,000 to 3.730 million, previous -28,000 to 3.727 million.
0830 ET	Revised Q2 U.S. GDP expected +1.2% annualized, previous +1.0% annualized. Q2 personal consumption, previous +0.4%. Q2 GDP price index, previous +2.4%. Q2 core PCE deflator, previous +2.2% y/y.
0830 ET	Philadelphia Fed President Charles Plosser speaks on the economic outlook at a business leaders forum at the Villanova School of Business.
1000 ET	Aug pending home sales expected -2.0% m/m and +6.3% y/y, Jul -1.3% m/m and +10.1% y/y.
1300 ET	Treasury auctions $29 billion 7-year T-notes.
1300 ET	Atlanta Fed President Dennis Lockhart delivers welcoming remarks at the Atlanta Fed?s ?Employment and Education Conference.?
1630 ET	Weekly money supply report and Fed balance sheet.
Germany
0355 ET	Sep German unemployment change expected -8,000, Aug -8,000. Sep unemployment rate expected unchanged at 7.0%, Aug unchanged at 7.0%.
United Kingdom
0430 ET	Aug U.K. net consumer credit expected +0.2 billion pounds, Jul +0.2 billion pounds.
0430 ET	Aug U.K. mortgage approvals expected 49,500, Jul 49,200.
0430 ET	Aug U.K. M4 money supply, Jul -0.1% m/m and -1/1% y/y.
1901 ET	Sep U.K. GfK consumer confidence survey expected -2 to -33, Aug -1 to -31.
Euro-Zone
0500 ET	Sep Euro-Zone business climate indicator expected -0.19 to -0.12, Aug -0.37 to .07. Sep economic confidence expected -2.3 to 96.0, Aug -4.7 to 98.3.
0500 ET	Revised Sep Euro-Zone consumer confidence, previous -2.4 to -18.9.
Canada
0830 ET	Aug Canada industrial materials price index expected -0.3% m/m, Jul -0.3% m/m.
0830 ET	Aug Canada raw materials price index expected -1.1% m/m, Jul -2.1% m/m.
Japan
1915 ET	Sep Japan Markit/JMMA manufacturing PMI, Aug -0.2 to 51.9.
1930 ET	Aug Japan jobless rate expected unchanged at 4.7%, Jul +0.1 to 4.7%. Aug job-to-applicant ratio expected 0.65, Jul 0.64.
1930 ET	Aug Japan overall household spending expected -2.8% y/y, Jul -2.1% y/y.
1930 ET	Sep Tokyo CPI expected -0.2% y/y, Aug -0.2% y/y. Sep Tokyo CPI ex-fresh food expected -0.1% y/y, Aug 0.2% y/y. Sep Tokyo CPI ex food & energy expected -0.5% y/y, Aug -0.6% y/y.
1930 ET	Aug Japan national CPI expected +0.1% y/y, Jul +0.2% y/y. Aug national COI ex-fresh food expected +0.1% y/y, Jul +0.1% y/y. Aug national CPI ex food & energy expected -0.6% y/y, Jul -0.5% y/y.
1950 ET	Preliminary Aug Japan industrial production expected +1.5% m/m and +1.1% y/y, Jul +0.4% m/m and -3.0% y/y.

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

Liquidity Services - LQDT _ Barchart Chart of the Day

Barchart.coms Chart of the Day - Liquidity Services (LQDT)

Barchart Research Team - Barchart.com - Wed Sep 28, 6:31PM CDT

Related Stocks

LQDT - Liquidity Services

Sym	Last	Chg	Pct
LQDT	34.85	+3.56	+11.38%

The "Chart of the Day" is Liquidity Services (LQDT), which showed up on Wednesday's Barchart "All Time High" list. Liquidity Services on Wednesday rallied by 11.38% and posted a new all-time high of $36.12. TrendSpotter has been Long since Sep 2 at $30.05. In recent news on the stock, Stifel Nicolas on Sep 28 initiated coverage on LDQT with a Buy and a target of $41. Oppenheimer on Sep 2 upgraded LQDT to Outperform from Perform and raised the target to $38 from $28 citing the acquisition of the consumer goods unit of Jacobs Trading Company. Liquidity Services, with a market cap of $840 million, is a leading online auction marketplace for wholesale, surplus and salvage assets.


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

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Quote
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Income Statement-Annual
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View Past Chart of the Day Reports

Silver Wheaton

COMPLETE ARTICLE AND MORE GRAPHS


Over the past 5 years investors in Silver Wheaton (SLW) have seen this stock grow 334%.  If you're into placing some precious metals in your portfolio for inflation protection consider this stock's returns over the last 5 years

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 500 and 100 day moving averages
• 29 new highs and up 65.48% over the last year
• Relative Strength Index 63.26% and rising
• Barchart computes a technical support level at 40.46
• Recently traded at 41.76 which is above its 50 day moving average of 38.42

Summary:  Precious metals are not for growth but for inflation protection.  Even though inflation is low these stocks have taken off.  Silver Wheaton (SLW) should be considered for portfolios wanting to add precious metals to their holdings.

Jim Van Meerten is a Marketocracy Master

Exfo is an undiscovered tech firm

COMPLETE ARTICLE AND MORE GRAPHS



This morning on Barchart I screened for stocks selling under $10 that were hitting the most frequent new highs in the last month and discovered Exfo (EXFO) a company that makes diagnostic and testing equipment for the electronics industry.  I added it to the Barchart Van Meerten Speculative portfolio based on its price momentum and sales and earnings projections.

Barchart technical indicators:

• 40% Barchart technical buy signal that is strengthening
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 37.29% in the last month
• Relative Strength Index is 65.14% and increasing
• Barchart computes a technical support level at 7.85
• Recently traded at 8.10 which is above its 50 day moving average of 7.16

Summary: I added Exfo (EXFO) to my Speculative portfolio based on both its price momentum and very favorable projections of increases in sales and earnings.  When at all possible find stocks that have not only positive price momentum coupled with double digit sales and earnings increase projection but have positive sentiment with both the professional and individual investors.  This stock clears the hurdles on all those criteria.

Jim Van Meerten is a Marketocracy Master

Barchart Morning Call 9/28

Barchart Morning Call

Barchart.com - Wed Sep 28, 7:00AM CDT

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 up +0.44% and Dec S&Ps up +9.50 points. Treasuries are higher as the dollar slides and commodities are mixed after members of the European Commission, ECB and IMF (the troika) say they will return to Greece tomorrow to review the Greek government's budget-cutting plans. German Chancellor Merkel said policy makers may need to renegotiate the terms of Greece's second bailout after the troika finishes its latest review of Greece's finances, as Greece's "umbers in Sep, as it now seems, were again different from what we expected under the program." European Commission President Barroso called for faster creation of a rescue fund and said he will press ahead with common bonds for the Euro-Zone, a proposal Germany opposes. The head of Finland's finance committee said the Finnish parliament will approve the expansion of Europe's temporary rescue fund, while German lawmakers vote on the fund's expansion tomorrow. The euro rose against the dollar after the European Commission refuted reports that some Euro-Zone nations are pushing for private Greek bondholders to accept larger writedowns, saying the commission is unaware of discussions among Euro-Zone finance ministers "related to private-sector involvement." The 3-month dollar Libor rate increased for a 14th day to a 13-month high of 0.36856% as dollar demand remains strong in Europe.
• Asian stocks today closed mixed with Japan up +0.07%, China -1.03%, Australia +0.87%, South Korea -0.65%, India -0.47%. Most Asian stocks advanced after Germany vowed continued support for Greece and on speculation Greece will meet requiremnts for additional aid. China's stocks fell to a 14-1/2 month low on concern government measures to tame inflation and a faltering global economy will hurt earnings growth. Chinese property developers fell amid speculation funding costs will rise at the same time as sales slow, while railway stocks declined on specualtion the governemnt will slow rail expansion after a train collision in Shanghai's metro injured 271 people. The Chinese yuan rose against the dollar after the PBOC set its daily reference rate at 6.3623 per dollar, the strongest level in 6 years, which signals policy makers may favor currency gains as a means of taming inflation.

Overnight U.S. Stock News

• December S&Ps this morning are trading up +9.50 points. The US stock market yesterday settled higher for a third day on speculation Europe will boost efforts to stem its debt crisis: Dow Jones +1.33, S&P 500 +1.07, Nasdaq Composite +1.20%. Bullish factors included (1) carry-over support from a rally in European stocks after German Chancellor Merkel said Germany will provide all the help it can to stabilize Greece, which temporarily eases European sovereign-debt concerns, (2) strength in homebuilders after the smaller-than-expected decline in home prices in the Jul S&P/CaseShiller composite-20 home price index (-4.1% y/y versus expectations of -4.4% y/y), (3) the unexpected increase in the Sep Richmond Fed manufacturing index (+4 to -6 versus expectations of -1 to -11), and (4) a rally in energy and raw material producers after commodity prices surged.
• Bearish factors included (1) the smaller-than-expected increase in Sep U.S. consumer confidence (+0.2 to 45.4 versus expectations of +1.5 to 46.0), (2) comments from Atlanta Fed President Lockhart who said the European debt crisis poses the biggest economic threat to the U.S. and that the Fed program announced last week to buy more long-term securities will probably give no more than a slight boost to the economy, and (3) a late-day pull back after the Financial Times reported that as many as 7 of the 17 nations using the euro think private creditors should absorb larger losses on their Greek debt holdings, a division that may threaten an agreement with private investors made in July.

Today's Market Focus

• December 10-year T-notes this morning are up +7 ticks. T-note prices yesterday dropped to a 1-week low and settled lower for a third day on supply pressures along with reduced safe-haven demand on optimism European leaders will take the necessary steps to resolve the region's debt crisis: TYZ11 -25, FVZ11 -9.5, EDH12 -2.0. Bearish factors included (1) reduced safe-haven demand for Treasuries as global stock markets surged on heightened optimism that European leaders will resolve the region's debt crisis after German Chancellor Merkel said Germany will provide all the help it can to stabilize Greece, (2) the smaller-than-expected decline in home prices in the Jul S&P/CaseShiller composite-20 home price index (-4.1% y/y versus expectations of -4.4% y/y), (3) the unexpected increase in the Sep Richmond Fed manufacturing index (+4 to -6 versus expectations of -1 to -11), and (4) supply pressures ahead of the Treasury's $35 billion auction of 5-year T-notes on Wed. Bullish factors included (1) the smaller-than-expected increase in Sep U.S. consumer confidence (+0.2 to 45.4 versus expectations of +1.5 to 46.0) and (2) strong demand for the Treasury's $35 billion auction of 2-year T-notes that had a bid-to-cover ratio of 3.76, the highest in a year and higher than the average of the last 12 auctions of 3.35.
• The dollar index this morning is weaker with the dollar/yen -0.42 yen and the euro/dollar +0.71 cents. The dollar index yesterday settled lower on reduced safe-haven demand as global stock markets and the euro gained on optimism European leaders are close to an agreement to contain the region's debt crisis: Dollar Index -0.857, USDJPY +0.453, EURUSD +0.00527. Bearish factors included (1) reduced safe-haven demand for the dollar after stocks and the euro rallied on optimism that European leaders will come up with a resolution to the European debt crisis, and (2) the weaker-than-expected Sep U.S. consumer confidence, which is dollar negative. Bullish factors included (1) weakness in the yen after Japanese Finance Minister Azumi said Japan "is ready" to take bold action on the stronger yen if needed and (2) the increase in the 3-month dollar Libor rate for the 13th consecutive day up to a 13-month high of 0.36522%, a sign of strong European demand for dollars.
• Nov crude oil prices this morning are down -10 cents a barrel and Nov gasoline is -0.35 of a cent per gallon. Crude oil and gasoline prices yesterday rallied sharply and settled higher for a second day as the dollar weakened and on optimism that European leaders will resolve the region's debt crisis: CLX11 +$4.21, RBX11 +10.76. Bullish factors included (1) dollar weakness and (2) strength in global equity markets which boosts confidence in the economic outlook and energy demand on speculation that European leaders will take the necessary steps to resolve the region's debt crisis. Bearish factors included (1) the weaker-than-expected Sep U.S. consumer confidence, which may keep consumer spending and fuel demand constrained and (2) the outlook for increased supplies when the DOE releases its weekly inventory figures on Wed. Expectations for Wednesday's weekly DOE inventories are for crude oil supplies to rise +2.2 million bbl, gasoline stockpiles to increase +900,000 bbl, distillate inventories to remain unchanged and the refinery utilization rate to fall -0.6 to 87.7%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MOS-Mosaic (BEST earnings consensus $1.29), MU-Micron Technology (0.01), FDO-Family Dollar Stores (0.63), DRI-Darden Restaurants (0.78), MKC-McCormick (0.65), ATU-Actuant (0.46), THO-Thor Industries (0.61), WOR-Worthington Industries (0.39), TXI-Texas Industries (-0.26).
Global Financial Calendar

Wednesday 9/28/11
United States
0240 ET	Boston Fed President Eric Rosengren addresses the Swedbank Economic Outlook Seminar in Stockholm.
0700 ET	Weekly MBA mortgage applications, previous +0.6% with purchase mortgage sub-index -4.7% and refinancing sub-index +2.2%.
0830 ET	Aug durable goods orders expected -0.2% and -0.2% ex transportation, Jul +4.1% and +0.8% ex transportation.
1300 ET	Treasury auctions $35 billion 5-year T-notes.
1700 ET	Fed Chairman Ben Bernanke speaks on ?Lessons From Emerging Market Economies on the Sources of Sustained Growth? at an event in Cleveland.
France
0130 ET	Revised Q2 French GDP expected no change at unchanged q/q and +1.6% y/y.
Germany
0200 ET	Aug German import price index expected -0.3% m/m and +6.7% y/y, Jul +0.8% m/m and +7.5% y/y.
n/a	Sep German CPI (EU harmonized) expected -0.1% m/m and +2.6% y/y, Aug unchanged m/m and +2.5% y/y.
Canada
0900 ET	Jul Canada Teranet/National Bank home price index, Jun +1.7% m/m and +4.5% y/y.
Japan
1950 ET	Aug Japan retail trade expected +0.2% m/m and -0.8% y/y, Jul -0.3% m/m and +0.6% y/y.

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

V F Corp (VFC) Barchart chart of the dy

Barchart.com's Chart of the Day - VF Corp (VFC)

Barchart Research Team - Barchart.com - Tue Sep 27, 7:06PM CDT

Related Stocks

VFC - V.F. Corp.

Sym	Last	Chg	Pct
VFC	130.15	-0.11	-0.08%

The "Chart of the Day" is VF Corp (VFC), which showed up on Tuesday's Barchart "All Time High" list and also the "Gap Up" list. VFC on Tuesday rallied by 2.30% and posted a new all-time high of $132.82. TrendSpotter has been Long on VFC since Sep 13 at $119.14. In recent news on the stock, BofA/Merrill on Sep 23 upgraded VFC to Buy from Neutral and raised its target to $140 from $125. Goldman on Sep 26 resumed coverage with a Neutral and a target of $127. Credit Suisse on Sep 7 initiated coverage on VFC with an Outperform and a target of $137. VFC on Sep 13 completed its acquisition of Timberland for $43 per share or $2.3 billion, with the acquisition being immediately accretive to VFC's earnings. VF Corp, with a market cap of $13 billion, is a major manufacturer of branded jeanswear, intimate apparel, children's playwear, occupational apparel, knitwear and other apparel. VFC brands include Lee, Wrangler, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Lee Sport, Healthtex, JanSport, Eastpak, Red Kap and The North Face.


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:

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Quote
Detailed Quote
Chart

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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
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Barchart Morning Call 9/27

Barchart Morning Call

Barchart.com - 1 hr 3 mins ago

Overnight Developments

• Global stocks this morning are stronger with the Euro Stoxx 50 up +2.70% and Dec S&Ps up +14.50 points. Treasuries are lower and most commodities surged, with crude oil up over $2 a barrel on optimism European leaders will solve the region's debt crisis. Treasury Secretary Geithner said European governments will use more force to resolve the financial crisis, while ECB Executive Board member Bini Smaghi said opting for a government default in the Euro-Zone would be "voting for suicide." European bank stocks and insurers climbed after the cost of credit default swaps to insure European government debt fell, while the euro erased an early rally after Spain and Italy sold bonds with yields that were higher than expected. European stocks also received a boost after the Oct German GfK consumer confidence remained unchanged at a 1-year low of 5.2, stronger than expectations of a -0.2 point decline to 5.0. The Aug Euro-Zone M3 money supply rose +2.3% 3-month avg and +2.8% y/y, greater than expectations of +2.0% 3-month avg and +2.0% y/y with the +2.8% y/y increase the biggest in 2 years.
• Asian stocks today closed higher with Japan up +2.82%, China +1.03%, Australia +3.64%, South Korea +5.19%, India +2.95%. Asian bank stocks and exporters rallied on optimism European leaders will agree on ways to stem the region's debt crisis, while energy and raw material producers gained as commodities climbed. China's National Bureau of Statistics reported that Chinese industrial companies' profits rose +28.2% in the first 8 months of 2011 from a year earlier to 3.2 trillion yuan ($500 billion), compared with a +28.3% gain from Jan-Jul of 2011.

Overnight U.S. Stock News

• December S&Ps this morning are trading up +14.50 points. The US stock market yesterday settled higher on speculation European leaders will act to prevent the region's debt crisis from getting worse: Dow Jones +2.53, S&P 500 +2.33, Nasdaq Composite +1.35%. Bullish factors included (1) carry-over support from a rally in European bank stocks after BOF Governor Noyer told Journal du Dimanche that French banks have enough capital to withstand possible losses from Greek-related risks and (2) strength in financial stocks on speculation European leaders will come up with efforts to stem the region's debt crisis after an ECB official said the ECB may consider restarting covered-bond purchases along with further measures to ease monetary conditions.
• Bearish factors included (1) concern over contagion of the European debt crisis after credit default swaps to insure the government debts of France, Germany and Belgium all rose to records, (2) the warning from Treasury Secretary Geithner who said that failure to combat the Greek-led turmoil threatens "cascading default, bank runs and catastrophic risk," (3) comments from BOC Governor Carney who said the European banking system is "undercapitalized" and estimated that 1 trillion euros ($1.3 trillion) may be needed to resolve the European debt crisis, (4) comments from German Finance Minister Schaeuble who said Euro-Zone governments have no intention of raising the European Financial Stability Facility's volume above 440 billion euros, (5) the -2.3% decline in Aug U.S. new home sales to a 6-month low of 295,000, and (6) early weakness in technology stocks after Apple fell when JPMorgan Chase's analysts said several supply-chain vendors indicated over the past 2 weeks that Apple lowered Q4 iPad orders by 25%.
• Bank of America (BAC) climbed 2.1% in pre-market trading on carry-over support from a rally in European bank stocks.

Today's Market Focus

• December 10-year T-notes this morning are down -11 ticks as global equity markets rally. T-note prices yesterday ratcheted lower throughout the day on reduced safe-haven demand as global stock markets rallied on speculation European leaders will step up efforts to solve the region's debt crisis: TYZ11 -20, FVZ11 -8.5, EDH12 +2.0. Bearish factors included (1) reduced safe-haven demand for Treasuries as the stock market rallied when an ECB official said the ECB may resume covered-bond purchases when it meets next week and after BOF Governor Noyer told the Journal du Dimanche that French banks have enough capital to withstand possible losses from Greek-related risks and (2) supply pressures ahead of the Treasury's $35 billion auction of 2-year T-notes on Tue. Bullish factors included (1) increased safe-haven demand for Treasuries on contagion concerns from the European debt crisis after credit default swaps to insure the government debts of France, Germany and Belgium all rose to records, (2) increased safe-haven demand after Treasury Secretary Geithner warned that failure to combat the Greek-led turmoil threatens "cascading default, bank runs and catastrophic risk," and (3) comments from St. Louis Fed President Bullard who said the long-term rate of U.S. economic expansion may be lower than anticipated in part because the house price bubble last decade created unrealistic expectations for growth.
• The dollar index this morning is slightly weaker with the dollar/yen +0.09 yen and the euro/dollar +0.10 cents. The dollar index yesterday posted a 7-1/4 month high on increased European debt concerns but fell back and closed lower on speculation European leaders will introduce measures to stem the region's debt crisis: Dollar Index -0.138, USDJPY -0.244, EURUSD +0.00337. Bearish factors included (1) reduced safe-haven demand for the dollar after equity markets rallied on speculation European leaders will put forth efforts to stem the region's debt crisis after an ECB official said the ECB may resume covered-bond purchases when it meets next week, (2) comments from BOF Governor Noyer who told the Journal du Dimanche that French banks have enough capital to withstand possible losses from Greek-related risks, and (3) dollar negative comments from St. Louis Fed President Bullard who said the long-term rate of U.S. economic expansion may be lower than anticipated in part because the house price bubble last decade created unrealistic expectations for growth. Bullish factors included (1) concern over contagion of the European debt crisis after credit default swaps to insure the government debts of France, Germany and Belgium all rose to records, (2) increased safe-haven demand for the dollar after BOC Governor Carney said the European banking system is "undercapitalized" and estimated that 1 trillion euros ($1.3 trillion) may be needed to resolve the European debt crisis, and (3) comments from ECB Council member Nowotny who told Market News International that he cannot exclude that the ECB will lower interest rates when it meets again next week.
• Nov crude oil prices this morning are up +$2.09 a barrel and Nov gasoline is +4.89 cents per gallon. Crude oil and gasoline prices yesterday rebounded from 1-1/2 month lows and settled higher on optimism that European leaders will resolve the region's debt crisis: CLX11 +$0.39, RBX11 +0.40. Bullish factors included (1) weakness in the dollar, (2) speculation that measures by European officials will stem the region's debt crisis and support economic growth and energy demand after an ECB official said the central bank may resume covered-bond purchases when they meet next week, and (3) comments from OPEC Secretary General Abdalla el-Badri who said Saudi Arabia and other Persian Gulf OPEC members that are currently exceeding their production quotas may start to pump less oil amid signs that Libya will "soon" resume output. Bearish factors included (1) concern that the European debt crisis will spread and slow down the global economy and cut energy demand after credit default swaps to insure the government debts of France, Germany and Belgium all rose to records and (2) comments from St. Louis Fed President Bullard who said "fundamental potential growth in the U.S. has been somewhat lower than previously thought," which signals reduced fuel demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): ACN-Accenture (BEST earnings consensus $0.90), WAG-Walgreen (0.55), PAYX-Paychex (0.38), JBL-Jabil Circuit (0.56), PRGS-Progress Software (0.28), SNX-Synnex (0.89), AM-American Greetings (0.25), NEOG-Neogen (0.27), CMTL-Comtech Telecommunications (0.38).
Global Financial Calendar

Tuesday 9/27/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
0900 ET	Jul S&P/CaseShiller composite-20 home price index expected +0.1% m/m and -4.4% y/y, Jun -0.1% m/m and 4.5% y/y.
1000 ET	Sep Richmond Fed manufacturing index expected -1 to -11, Aug -9 to -10.
1000 ET	Sep U.S. consumer confidence expected +1.5 to 46.0, Aug -14.7 to 44.5.
1130 ET	Weekly 4-week and monthly 1-year T-bill auctions.
1230 ET	Atlanta Fed President Dennis Lockhart delivers a speech titled ?A discussion of the U.S. economy? to the World Affairs Council of Jacksonville Global Business Luncheon.
1300 ET	Treasury auctions $35 billion 2-year T-notes.
1320 ET	Dallas Fed President Richard Fisher speaks on ?Explaining Dissent: Why I Voted Against Operation Twist? at the Dallas Assembly Luncheon.
Germany
0200 ET	Oct German GfK consumer confidence survey expected -0.2 to 5.0, Sep -0.1 to 5.2.
Euro-Zone
0400 ET	Aug Euro-Zone M3 money supply expected +2.0% 3-mo avg and +2.0% y/y, Jul +2.1% 3-mo avg and +2.0% y/y.
United Kingdom
0600 ET	Sep U.K. CBI reported sales expected -15, Aug -14.

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

Limited Brands - LTD - Barchart Chart of the Day

Barchart.coms Chart of the Day - Limited Brands (LTD)

Barchart Research Team - Barchart.com - Mon Sep 26, 6:23PM CDT

Related Stocks

LTD - Limited Brands

Sym	Last	Chg	Pct
LTD	42.27	+1.90	+4.71%

The "Chart of the Day" is Limited Brands (LTD), which showed up on Monday's Barchart "All Time High" list. LTD on Monday rallied by 4.71% and posted a new all-time high of $42.36. TrendSpotter has been Long on LTD since Aug 30 at $38.31. In recent news on the stock, UBS on Sep 23 resumed coverage on LTD with a Buy and a target of $46. LTD on Aug 17 reported Q2 EPS of 48 cents, which was above the analyst consensus of 46 cents. Credit Suisse on Sep 7 initiated coverage on LTD with a Neutral and a target of $40. Limited Brands, with a market cap of $12 billion, is a major retailer of women's apparel.



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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 33% 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

---

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

Barchart Morning Call 9/26

Barchart Morning Call

Barchart.com - Mon Sep 26, 7:00AM CDT

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 up +3.03% and Dec S&Ps up +19.20 points. Treasuries and commodities are weaker as copper slid to a 14-month low and crude posted a 1-1/2 month low on concern over contagion of the European sovereign-debt crisis after credit default swaps to insure the government debts of France, Germany and Belgium all rose to records. The euro sank to an 8-month low against the dollar after Treasury Secretary Geithner told the annual meeting of the IMF that failure to combat the Greek-led turmoil threatens "cascading default, bank runs and catastrophic risk," while BOC Governor Carney said the European banking system is "undercapitalized" and estimated that 1 trillion euros ($1.3 trillion) may be needed to resolve the European debt crisis. The euro also fell after an ECB official said the central bank may restart its covered-bond purchase program when it meets next week. The spokesman for the European Commission said Greece faces a "moment of truth" and has to fully implement its savings plans in order to qualify for the next installment of international aid. Gains in European bank stocks led gains in the overall market after BOF Governor Noyer told Journal du Dimanche that French banks have enough capital to withstand possible losses from Greek-related risks and ECB Council member Nowotny told Market News International that he cannot exclude that the ECB will lower interest rates when it meets again next week. Limiting gains in European stocks was the decline in the Sep German IFO business climate by -1.2 to a 15-month low of 107.5, although it fell less than expectations of -2.2 to 106.5.
• Asian stocks today closed mostly with Japan down -2.17%, China -2.19%, Australia -1.01%, South Korea -2.03%, India -0.69%. China's Shanghai Stock Index tumbled to a 14-1/2 month low after PBOC Governor Zhou Xiaochuan said inflation remains China's "top concern," which fueled speculation the PBOC will increase measures to curb prices that will slow economic growth. Japan's Nikkei 225 Stock Index slid to a 6-1/4 month low as Japanese markets played catch-up after being closed last Friday for holiday and after EU leaders failed to come up with a unified response to the European debt crisis, which threatens to curb economic growth and weaken demand for Asian exports.

Overnight U.S. Stock News

• December S&Ps this morning are trading sharply higher by +19.20 points. The US stock market last Friday fluctuated between gains and losses in volatile trade and pushed higher after mid-morning after G-20 finance chiefs meeting in Washington pledged to address risks in the global economy: Dow Jones +0.35, S&P 500 +0.61, Nasdaq Composite +1.12%. Bullish factors included (1) speculation that G-20 finance ministers meeting in Washington will take actions to stem the European financial crisis after they said they are "committed to a strong and coordinated international response to address the renewed challenges facing the global economy," (2) the announcement of a EU Greek debt buyback program open to all Greek debt and to all investors, which may reduce the stock of Greece's outstanding debt, and (3) speculation the ECB may take additional measures to boost growth and ease financial-market tensions, including cutting interest rates, after ECB Council member Coene said the ECB may act to address risks to growth as soon as next month should economic data disappoint.
• Bearish factors included (1) concern over contagion of the European debt crisis which boosted the flight-to-safety demand for the dollar after Moody's Investors Service cut Slovenia's local and foreign-currency government bond ratings to Aa3 from Aa2 and (2) European bank concerns after the Barclays Capital Euro Aggregate Banking Senior Index rose 17 bp to a record 339, higher than the 325 bp reached in Dec 2008 after Lehman Brothers collapsed.

Today's Market Focus

• December 10-year T-notes this morning are down -13.5 ticks. T-note prices last Friday erased an early rally and settled lower on long liquidation pressures and reduced safe-haven demand on speculation G-20 leaders meeting in Washington will act to prevent the European debt crisis from worsening: TYZ11 -25, FVZ11 -11.7, EDH12 +2.5. The 10-year T-note yield fell to an all-time low of 1.671% before settling at 1.807%. Bearish factors included (1) reduced safe-haven demand for Treasuries as the stock market rebounded from early losses and moved higher on speculation G-20 finance chiefs meeting in Washington will put forth measures to stem the European debt crisis (2) the announcement of a EU Greek debt buyback program open to all Greek debt and to all investors as part of Greece's second bailout, which may reduce the stock of Greece's outstanding debt, and (3) long liquidation and profit taking in Treasuries which had rallied sharply over the past week. Bullish factors included (1) increased safe-haven demand for Treasuries on contagion concerns from the European debt crisis after Moody's Investors Service cut Slovenia's local and foreign-currency government bond ratings and (2) carry-over strength from a rally in German bunds to a record high on European bank concerns after the Barclays Capital Euro Aggregate Banking Senior Index rose 17 bp to a record 339, higher than the 325 bp reached in Dec 2008 after Lehman Brothers collapsed.
• The dollar index this morning is little changed with the dollar/yen -0.32 yen and the euro/dollar +0.22 cents. The dollar index last Friday shed an early advance and closed little changed on reduced safe-haven demand after G-20 finance chiefs meeting in Washington pledged to address risks in the global economy: Dollar Index +0.057, USDJPY +0.367, EURUSD +0.00357. Bearish factors included (1) reduced safe-haven demand for the dollar after the stock market recovered from early losses and traded higher and (2) strength in the euro on speculation G-20 finance chiefs meeting in Washington make take further actions to stem the financial crisis. Bullish factors included (1) comments from ECB Council member Coene who said the ECB may act to address risks to growth as soon as next month should economic data disappoint, which fueled speculation of an ECB interest rate cut, (2) the slump in Sep French consumer confidence to a 2-1/2 year low, which is euro negative, and (3) concern over contagion of the European debt crisis which boosted the flight-to-safety demand for the dollar after Moody's Investors Service cut Slovenia's local and foreign-currency government bond ratings to Aa3 from Aa2.
• Nov crude oil prices this morning are up +59 cents a barrel and Nov gasoline is +3.09 cents per gallon. Crude oil and gasoline prices last Friday gyrated between gains and losses the entire day and finally settled lower as global recession concerns offset the pledge by G-20 finance ministers to address risks to the global economy: CLX11 -$0.66, RBX11 -1.93. Nov crude and Nov gasoline fell to 1-1/2 month lows and nearest-futures Oct gasoline tumbled to a 7-1/4 month low. Bearish factors included (1) the fall in French consumer confidence to a 2-1/2 year low, which is negative for the economic outlook and energy demand and (2) growing concerns the global economy may fall into recession, which would decimate energy demand. Bullish factors included (1) the rebound in the stock market, which bolsters confidence in the economic outlook and energy demand and (2) speculation that global central banks will take action to prevent another financial crisis after G-20 finance chiefs said they are "committed to a strong and coordinated international response to address the renewed challenges facing the global economy."

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): NSM-National Semiconductor (BEST earnings consensus $0.27), AMN-Ameron (0.61), KBH-KB Home (-0.16), PKE-Park Electrochemical (0.38).
Global Financial Calendar

Monday 9/26/11
United States
0830 ET	Aug Chicago Fed national activity index expected -0.34 to -0.40, Jul +0.32 to -0.06.
0830 ET	Fed Governor Sarah Bloom Raskin speaks on ?Loan Servicing: Where are We and Where are We Headed?? at the University of Maryland?s Robert H. Smith School of Business.
0930 ET	St. Louis Fed President James Bullard speaks at a Medley Global Advisors event ?Policy Making After the Crisis.?
1000 ET	Aug new home sales expected -1.0% to 295,000, Jul-0.7% to 298,000.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1500 ET	Minneapolis Fed President Narayana Kocherlakota will be part of a panel discussion at a seminar on Sovereign Debt at the CME Group World Headquarters in Chicago.
Germany
0400 ET	Sep German IFO business climate expected -2.2 to 106.5, Aug -4.2 to 108.7. Sep IFO current assessment expected -2.4 to 115.7, Aug -3.3 to 118.1. Sep IFO expectations expected -2.8 to 97.3, Aug -4.9 to 100.1.
Euro-Zone
0930 ET	ECB Council member Lorenzo Bini Smaghi speaks at a panel discussion on ?Aftershocks: Policymaking After the Crisis? at a conference organized by Medley Global Advisors.
1200 ET	ECB Council member Jens Weidmann speaks on ?Germany?s Role in the Global Economy? during a luncheon speech at the American Council on Germany.
France
1200 ET	Aug French jobseekers net change, Jul +36,100. Aug total jobseekers, Jul 2,756,500.
Japan
1950 ET	Aug Japan corporate service price index expected -0.4% y/y, Jul -0.5% y/y.

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