Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten

Friday, January 28, 2011

Eaton - ETN -- Chart of the day

Barchart.com's Chart of the Day - Eaton Corp (ETN)

Barchart Research Team - Barchart.com - Thu Jan 27, 5:54PM CST

Related Stocks

ETN - Eaton Corporation

Sym	Last	Chg	Pct
ETN	106.46	+1.85	+1.77%

The "Chart of the Day" is Eaton Corp (ETN), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Eaton on Thursday rallied by 1.77% and edged to a new record high for the stock. Eaton on Thursday announced Q4 EPS of $1.69, above the consensus of $1.67, and increased its dividend by 17% to 68 cents per share. Eaton Corp, with a market cap of $17.5 billion, is a diversified global industrial manufacturer with product categories including fluid power systems, electrical power quality and controls, automotive air management and fuel economy, and intelligent truck components for fuel economy and safety.

etn_700

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

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Chart of the Day Archive
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Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Thursday, January 27, 2011

ETFs - The long and short of it

This mornings post is about ETFs. Over the year I found that ETFs tend to move slower than individual stocks but they also tend to follow a trend for a longer period of time. I used Barchart to screen for the ETFs hitting the most frequent new highs and lows in the last month to come up with this list. You can run your own little hedge fund buy buying the first 3 long and short the second 3. Put them on your watch lists and see how they do.

LONG WATCHLIST:

SKOR -- IQ South Korea Small Cap -- seeks to replicate, before fees and expenses, the performance of the IQ South Korea Small Cap Index. The market capitalization-weighted Index is intended to give investors a means of tracking the overall performance of the small capitalization sector of publicly traded companies domiciled and primarily listed on an exchange in South Korea.

96% Barchart technical buy signal
17 new highs and up 17.35% in the last month
Relative Strength Index 68.86% and rising
Trades around 31.65 with a 50 day moving average of 28.66

WOOD -- S&P Global Timber and Forest Index -- seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Timber & Forestry Index (the "Underlying Index"). The Underlying Index is comprised of approximately 25 of the largest publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timber lands. These include forest products companies, timber real estate investment trusts, paper products companies, paper packaging companies and agricultural products companies. The Fund generally invests at least 90% of its assets in securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.

96% Barchart technical buy signal
16 new highs and up 8.92% in the last month
Relative Strength Index 76.06% and rising
Trades around 48.60 with a 50 day moving average of 44.87

PPA -- Aerospace and Defense -- seeks to replicate, before fees and expenses, the SPADE Defense Index, which is designed to identify a group of companies involved in the development, manufacturing, operations and support of U.S. defense, homeland security and aerospace operations. The Fund will normally invest at least 80% of its total assets in common stocks of aerospace and defense companies. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually.

96% Barchart technical buy signal
16 new highs and up 7.36% in the last month
Relative Strength Index 80.93% and rising
Trades around 20.09 with a 50 day moving average of 18.74

SHORT WATCHLIST:

VXX -- S&P 500 VIX Short-term ETN -- linked to the performance of the S&P 500 VIX Short-Term Futures Index. The S&P 500 VIX Short-Term Futures Index is designed to provide access to equity market volatility through CBOE Volatility Index futures. Specifically, the S&P 500 VIX Short-Term Futures Index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 Index at various points along the volatility forward curve. The index futures roll continuously throughout each month from the first month VIX futures contract into the second month VIX futures contract. A direct investment in VIX (commonly referred to as spot VIX) is not possible. The S&P 500 VIX Short-Term Futures Index holds VIX futures contracts, which could involve roll costs and exhibit different risk and return characteristics. Investments offering volatility exposure can have various uses within a portfolio including hedging, directional, or arbitrage strategies and are typically short or medium-term in nature.

96% Barchsrt technical sell signal
15 new lows and down 21.94% in the last month
Relative Strength Index 14.87% and falling
Trades around 29.97 with a 50 day moving average of 38.43

TYP -- Technolocgy Bear 3X -- seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000 Technology Index. The pursuit of daily leveraged investment goals means that the return of the Fund for a period longer than a full trading day may bear no resemblance to 300% of the return of the Index. The Index is a capitalization-weighted index of companies that serve the electronics and computer industries or that manufacture products based on the latest applied science. The Fund, under normal circumstances, creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Index.

96% Barchart technical sell signal
15 new lows and down 14.87% in the last month
Relative Strength Index 28.69
Trades around 20.19 with a 50 day moving average of 24.15

QID -- Ultra Short QQQ -- seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The Index includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The Fund will typically concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance.

96% Barchart technical sell signal
14 new lows and down 8.43% in the last month
Trades around 10.56 with a 50 day moving average of 11.62

Follow these 6 for the next week and give me some comments on the methodology. If you'd like to see more of this I do a weekly article on ETFs

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Graftech International -- GTI -- Chart of the day

View Older Reports

Barchart.com's Chart of the Day - Graftech International (GTI)

Barchart Research Team - Barchart.com - Wed Jan 26, 6:51PM CST

Related Stocks

GTI - Graftech International Ltd

Sym	Last	Chg	Pct
GTI	21.09	+0.83	+4.10%

The "Chart of the Day" is Graftech International (GTI), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Graftech on Wednesday rallied by 4.10% to post a new 2-1/4 year high and resume the rally seen in Oct-Nov. Graftech, with a market cap of $2.5 billion, is one of the world's largest manufacturers of natural and synthetic graphite and carbon-based products and services, with customers in the manufacture of steel, aluminum, silicon metal, automotive products and electronics.

gti_700

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

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

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Wednesday, January 26, 2011

Document management services are expected to prosper

This afternoon I added American Reprographics (ARC) to the Barchart Van Meerten Speculative portfolio. They are one of the leading reprographics company in the United States providing business-to-business document management services to the architectural, engineering and construction industry, or AEC industry. It also provides these services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality that also requires sophisticated document management services.

As the economy recovers document management services will enter a new era of transmittal and retrieval. A company servicing the infrastructure and construction industries should prosper.

The stock hit 16 new highs and appreciated 11.97% in the last month earning a 100% Barchart technical buy signal. The momentum means a 66.40% Relative Strength Index that continues to increase. The stock trades around 8.26 with a 50 day moving average of 7.45.

Wall Street brokerage analyst look for small sales increases of 2.20% but they project an increase in EPS of 137.20% this year and a continued 5 year annual EPS increase of 10.00%.

The CAPS members on Motley Fool think the stock will beat the market by a vote of 587 to 35 with the All Stars in agreement 234 to 11.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

SAIC serves both government and industry

This afternoon I purchased SAIC (SAI) for the Barchart Van Meerten New High portfolio based on very positive price momentum trends SAIC INC is a scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 40,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets.

They also have accounts with state and local government agencies, foreign governments, and customers in the commercial markets of energy, health care, environmental,and cyber security operations.

The stock is on a tear hitting 17 new highs and appreciating 5.50% in the last month. The momentum has earned it a 100% Barchart technical buy signal with a Relative Strength Index that is 70.75% and rising. It trades around 16.70 with a 50 day moving average of 15.85. If earnings projection are met and PE ratios improve this stock could give a total return of up to 22% over the next several years,

Wall Street brokerage analysts think this should be a long tern holding with 4 buy and 12 hold recommendations for their brokers to push, Although sales are expected to increase by only 2.30% this year and 2.80% next year earnings are projected to increase 16.80% this year and continue of 5 years at an annual rate of 8.48%.

There is a strong investor sentiment as measured on Motley Fool with the CAPS members voting 720 to 43 that the stock will beat the market. The All Stars are in agreement by a vote of 182 to 6.

I feel good about recommending this stock because it has a stock buy back program, several long term royalty agreements and many of the projects in the pipe line are multi-year projects. It has price momentum, Wall Street recommendations based on expected increases in sales and earnings and positive investor sentiment.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Boise keeps growing

This morning I entered a buy order for Boise (BZ) in the Barchart Van Meerten Speculative portfolio. Boise manufactures premium and specialty products, including papers for pressure sensitive and flexible packaging applications, container board and corrugated products, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp.

The stock hit 16 new highs and appreciated by 12.77% in the last month alone earning it a 100% Barchart technical buy signal. The stock has a rising Relative Strength Index of 77.89% and trades around 8.89 with a 50 day moving average of 7.87.

Wall Street brokerage analysts have 3 buy and 1 hold recommendation released based on estimates of increased revenue and earnings. They project an increase in revenue of 6.00% this year and another 3.40% next year. Since the company has large fixed costs these increase should fall to the bottom line with expected increases in EPS of 416.70% this year, 21.50% next year and continue at 20.00% per year for 5 years out.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Internet Capital (ICGE) weakens

This morning I placed a sell order for the Barchart Van Meerten Speculative portfolio based on negative price trends of Internet Capital Group (ICGE) :

40% Barchart short term technical sell signal
Trend Spotter (tm) sell signal
Trading below its 20, 50 and 100 day moving average
19.66% off its most recent high
Relative Strength Index 27.97% and falling

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Vail Resorts (MTN) sell signals

This morning I placed a sell order in the Barchart Van Meerten New High portfolio for Vail Resorts (MTN) for negative price trends:

60% Barchart short term sell signal
Trend Spotter (tm) sell signal
Trading below its 20 and 50 day moving average
Lost 9.98% from its recent high
Relative Strength Index is 35.92% and falling

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Louisiana-Pacific -- LPX -- Chart of the Day 1/26

Barchart.com's

Chart of the Day - Louisiana-Pacific Corporation (LPX)

Barchart Research Team - Barchart.com - Tue Jan 25, 4:01PM CST

Related Stocks

LPX - Louisiana-Pacific Corporation

Sym	Last	Chg	Pct
LPX	10.47	+0.43	+4.28%

The "Chart of the Day" is Louisiana-Pacific Corporation (LPX), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. LPX on Tuesday rallied by 4.28% and posted a new 8-month high. LPX was boosted by news that world pulp shipments hit a record high in December, rising 15% y/y, and that inventory supplies fell to 30 days from November's 33 days. Louisiana-Pacific Corp, with a market cap of $1.3 billion, manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company's products are used by homebuilders and light commercial builders.

lpx_700

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

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

Tuesday, January 25, 2011

Ocean shipping without the pirates

This afternoon I added Trailer Bridge (TRBR) to the Barchart Van Meerten Speculative portfolio. Headquartered in Jacksonville, Florida, they are an integrated trucking and marine freight carrier that provides truckload freight transportation primarily between the continental U.S. and Puerto Rico. The company combines an efficient and dedicated motor carrier with a low cost barge and tug marine transportation system. Trailer Bridge is the only company serving markets governed by the Jones Act which exclusively operates marine vessels fully configured to carry 48' and 53' long, 102`` wide, ``high-cube`` trailers.

I found the company while screening on Barchart for low priced stock hitting new highs. The stock hit 15 new highs and is up 38.43% in just the last month. The momentum has given it an 80% Barchart technical buy signal and a rising Relative Strength Index of 75.59%. It trades around 3.57 with a 50 day moving average of 3.02.

The one Wall Street brokerage analyst that follows the stock rates it a strong buy for his firms clients, with a forecast for slightly higher sales and earnings in the near future.

As few investors have found this stock and the CAPS members on Motley foll vote 14 to 2 that the stock will beat the market, with the All Stars in agreement 4 to 1.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.