WMT,TASR,SWIR added to model portfolio

This morning I added to following stocks to the Barchart Van Meerten New High model portfolio:  Wal-Mart Stores (WMT), Taser International (TASR) and Sierra Wireless (SWIR).

Wal-Mart Stores (WMT)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 11.88% in the last month
• Relative Strength Index 79.76%
• Barchart computes a technical support level at 65.00
• Recently traded at 65.83 with a 50 day moving average of 60.75

Taser International (TASR)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 16.95% in the last month
• Relative Strength Index 71.65%
• Barchart computes a technical support level at 5.27
• Recently traded at 5.38 with a 50 day moving average of 4.62

Sierra Wireless (SWIR)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 29.22% in the last month
• Relative Strength Index 83.94%
• Barchart computes a technical support level at 8.34
• Recently traded at 8.78 with a 50 day moving average of 7.59

Barchart Moring Call 5/30

Barchart Morning Call

Wed, 30 May 2012 07:00:00 -0500

Overnight Developments

• June E-mini S&Ps this morning are trading -7.25 points (-0.54%) on the 1.40% sell-off in European stocks and on today's jump in Spanish and Italian bond yields. The commodity sector this morning is trading with an average loss of -0.64%. Crude oil is down 1.33%, copper is down 1.39%, and agricultural commodities are trading mostly lower, although gold is mildly higher by +0.28%. The dollar index is mildly higher by +0.10 points (+0.12%) and EUR/USD is down -0.52 cents (-0.42%) on the rise in Spanish and Italian bond yields. June 10-year T-notes are up 9.5 ticks this morning.
• European stocks this morning are sharply lower with the Euro Stoxx 50 index down 1.40% due to the jump in Italian and Spanish bond yields and today's poor Eurozone confidence reports. The Spanish stock market is down -2.58% and the Italian stock market is down -2.00%. Asian stocks closed lower across the board today: Japan -0.28%, Hong Kong -1.92%, China -0.32%, Taiwan -1.10%, Australia -0.49%, Singapore -0.64%, South Korea -0.24%, India -0.77%, Turkey -0.92%.
• Italy today sold 5.73 billion euros of 5-year and 10-year bonds, which was less than the maximum target of 6.25 billion euros. The 10-year debt was sold at 6.03% and the 5-year debt was sold at 5.66%. The 10-year Italian bond yield today soared by 24 bp to 6.01%.
• Spain's 10-year bond yield today rose by 24 bp to 6.68%, the highest since late November. The price of 5-year Spanish credit default swaps (the price of insuring against a sovereign default) today rose by 22 bp to a new record high of 583 bp. Market worries are growing about whether Spain will be able to recapitalize its troubled banking system without a Eurozone bailout.
• The Eurozone May economic confidence index, measuring business and consumer confidence, fell by 2.3 points to 90.6 from a revised 92.9 in April, which was a 2-1/2 year low and weaker than the consensus of 91.9.
• Eurozone April M3 growth fell to +2.5% y/y from a revised +3.1% y/y in March, which was weaker than market expectations of +3.4% and indicated slow money demand.
• The European markets are on edge ahead of Thursday's voter referendum in Ireland about whether to approve the terms of the European fiscal pact, which is effectively a constitutional balanced budget requirement. The polls currently indicate that Irish voters will approve the fiscal pact, which would provide some good news for the European debt crisis. Ireland would not be able to receive a second round of bailout funds, if that becomes necessary when the first round runs out, unless it approves the fiscal pact.
• The European Commission today called for the European Stability Mechanism (ESM) to be allowed to provide direct aid for European banks that need to be recapitalized, which would be a big help for resolving the European debt crisis but has been opposed by some Eurozone countries such as Germany. Under current rules, the ESM (when it becomes operational in July) can only provide aid to national governments, which in turn can use the funds to recapitalize their banking sectors.
• Israeli Defense Minister Ehud Barak today said that the clock is "ticking faster" for Iran and for the U.S. He added, "The metaphorical sword is at our neck." Mr. Barak, together with Israeli Prime Minister Netanyahu, are the two main hawks in Israel and hold a large amount of power on if and when to attack Israel's nuclear facilities, although an attack is not believed to be imminent while the world powers are negotiating with Iran. The third round of talks with Iran is scheduled for June 18-19 in Moscow.
  Market Comments
  • June E-mini S&Ps this morning are down -7.25 points (-0.54%) on the worsening European debt crisis situation and today's declines in the European confidence indexes. U.S. stocks on Tuesday closed moderately higher: S&P 500 +1.11%, Dow Jones +1.01%, Nasdaq 100 +1.26%. Bullish factors on Tuesday centered on (1) short-covering after the recent sharp decline, (2) expectations for additional growth measures from China, and (3) and weekend news that the Greek pro-bailout party New Democracy party is now ahead in the polls, reducing the chances that Radical Left Syriza will win the June 17 election and force a show-down with the Eurozone over its bailout package and end up forcing Greece to leave the Eurozone. Bearish factors included (1) worries about the Spanish banking system with the government's confusion over how it plans to fund the 19 billion bailout of Bankia, Spain's third largest bank, (2) the unexpected 3.8 point decline in the U.S. consumer confidence index from the Conference Board to a 4-month low of 64.9, (3) the smaller-than-expected +0.09% rise in the April Case-Shiller Composite-20 home price index, although that was the first back-to-back gain in two years.
  • June 10-year T-notes this morning are up 9.5 ticks as flight-to-quality continues with today's sharp rise in Italian and Spanish bond yields. T-note prices on Tuesday closed slight lower: TYM2 -3, FVM2 -2.25. T-note prices were undercut by the rally in U.S. stocks and the +0.58% close in the Euro Stoxx 50 on Tuesday. Still, there is a firm safe-haven bid tied to worries that Spain will eventually need a Eurozone bailout in order to cover banking system losses and deficits at the state/regional level.
  • The dollar index this morning is mildly higher by +0.10 points (+0.12%) as capital flight from Europe continues. EUR/USD is down -0.0052 (-0.42%) and USD/JPY is down -0.40 yen (-0.50%). The dollar index on Tuesday closed slightly higher after edging to a new 1-2/3 year high: Dollar Index +0.07 (+0.09%), EUR/USD -0.0038 (-0.30%), USD/JPY +0.02 (+0.03%). The dollar index saw a little strength as EUR/USD posted a new 1-3/4 year low. There was good news for Europe from the polls showing pro-bailout New Democracy gained support. However, the market remains very worried about Spain, which has flip-flopped on how to finance the 19 billion euro Bankia bailout. Spain on Monday said it would effectively give Bankia an IOU from the government to fund its gap, but that brought significant criticism and Spanish officials backtracked to say that their preferred method is to use cash raised in the bond markets. The government's attempt to use an IOU to back Bankia suggests that the Spanish government is losing confidence in its ability to raise cash in the debt markets, where the 10-year Spanish yield on Monday rose sharply by 16 bp to 6.45%.
  • July WTI crude oil prices this morning are down $1.21 (-1.33%) and July gasoline is down 2.63 (-0.93%) on (1) concerns about global economic growth with the worsening European situation, and (2) expectations for another rise in Thursday's DOE crude oil inventory report to a new 21-3/4 year high. July crude oil and gasoline prices on Tuesday closed mixed: CLN12 -0.05 (-0.06%), RBN2 +0.0108 (+0.38%). July crude oil prices closed slightly lower after consolidating near the bottom of the recent $15 per barrel plunge. Crude oil was undercut by the higher dollar but saw some support from (1) the rally in stocks, (2) expectations for additional Chinese growth measures, and (3) reports that Iran is becoming more intransigent in its attitude towards the nuclear talks, which raises the chances for a military attack down the road. Gasoline prices were boosted by reports that Petroplus's Coryton refinery in the U.K. (175,000 bpd capacity) may have to close due to the insolvency of its owner and the lack of a buyer, which would reduce European shipments of gasoline to the U.S.
  • For the full subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): CZZ-cosan (consensus $0.13), TFM-Fresh Market (0.35), BAH-Booz Allen (0.40).
    Global Financial Calendar
    

    Wednesday 5/30/12
    United States
    0700 ET	Weekly MBA mortgage applications, previous +3.8%, purchase sub-index -3.0%, refi sub-index +5.6%..
    1000 ET	Apr pending home sales expected unch m/m and +22.0% y/y, Mar +4.1% m/m and +10.8% y/y.
    1330 ET	Fed's Dudley speaks on regional economy in NY.
    1630 ET	Fed's Rosengren speaks in Worcester, MA.
    Euro-Zone
    0400 ET	Eurozone Apr M3 expected +3.4% y/y and +3.1% 3mo avg, Apr +3.2% y/y and +2.8% 3mo avg.
    0500 ET	Eurozone May consumer confidence expected -19.3, last -19.3. May economic confidence expected 91.9, last 92.8. May industrial confidence expected -10.2, last -9. May services confidence expected -2.8, last -2.4.
    Germany
    n/a	German Apr retail sales, Mar 1.6% m/m and +2.3% y/y.
    United Kingdom
    0430 ET	UK Apr new consumer credit expected +0.2 bln pounds, Mar +0.4 bln pounds. May net lending secured on dwellings expected 1.0 bln pounds, Mar +1.0 bln pounds.
    0430 ET	UK Apr mortgage approvals, Mar 49,900.
    0430 ET	UK Apr M4 money supply, Mar -0.8% m/m and -5.0% y/y.
    1901 ET	UK May GfK consumer confidence survey expected -32, Apr -31.
    Japan
    1950 ET	Japan Apr industrial production expected +0.5% m/m and +13.7% y/y, Mar +1.3% m/m and +14.2% y/y.
    2130 ET	Japan Apr labor cash earnings expected +1.1% y/y, Mar +1.3% y/y.

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

Bed, Bath and Beyond - BBBY - Barchart's Chart of the Day

Barchart.com's Chart of the Day - Bed Bath & Beyond (BBBY) for May 30, 2012

To access recent archived Chart of the Day reports, please go to:
http://www.barchart.com/headlines/search.php?feed=BC&series=COD

The "Chart of the Day" is Bed Bath & Beyond (BBBY), which showed up on Tuesday's Barchart "All-Time High" list. Bed Bath & Beyond on Tuesday posted a new record high of $74.67 and closed up 2.10%. TrendSpotter has been long since May 11 at $71.55. Bed Bath & Beyond was last featured by "Chart of the Day" as of the close on Nov 8, 2011 of $63.44. In recent news on the stock, Argus on May 17 reiterated its Buy rating on BBBY and maintained its $80 target, saying it is positive about the company's acquisition of Cost Plus because the deal will enable BBBY to add some excitement to its stores with new merchandise. Credit Suisse on May 11 upgraded BBBY to Outperform from Neutral and raised its target to $91 from $75 because the Cost Plus acquisition adds growth, improves selection, and reduces sourcing costs. Bed Bath & Beyond, with a market cap of $17 billion, is a nationwide operator of superstores selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores.


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

---

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

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Facebook below 30

How low do you think Facebook (FB) can go?  It has broken the $30 mark.

3 Mid Caps with momentum

This morning I used Barchart to screen the Mid Cap S&P 400 Index stocks to find 3 with good positive momentum and found Aqua American (WTR), NVR (NVR) and Hawaiian Electric (HE)

Aqua American (WTR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 2.91% in the last month
• Relative Strength Index 63.64%
• Barchart computes a technical support level at 22.88
• Recently traded at 23.02 with a 50 day moving average of 22.28

NVR (NVR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 7.43% in the last month
• Relative Strength Index 62.29%
• Barchart computes a technical support level at 806.20
• Recently traded at 832.53 with a 50 day moving average of 769.58

Hawaiian Electric (HE)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 3.26% in the last month
• Relative Strength Index 66.57%
• Barchart computes a technical support level at 26.81
• Recently traded at 27.20 with a 50 day moving average of 25.90

 

Sherwin-Williams - SHW - Barchart's Chart of the Day

Barchart.coms Chart of the Day - Sherwin-Williams (SHW)

Barchart Research Team - BC - Sat May 26, 9:49PM CDT

Related Stocks

SHW - Sherwin-Williams Company

Sym	Last	Chg	Pct
SHW	126.31	+0.98	+0.78%

The "Chart of the Day" is Sherwin-Williams (SHW), which showed up on Friday's Barchart "All-Time High" list. Sherwin-Williams on Friday posted a new all-time high of $126.43 and closed up 0.78%. TrendSpotter just turned long again last Thursday at $125.33. Sherwin-Williams was last featured by "Chart of the Day" as the close on Feb 14, 2012 of $99.80. In recent new on the stock, Sherwin-Williams on April 19 reported Q1 EPS of 95 cents, well above the consensus of 82 cents. BofA/Merrill on April 2 downgraded Sherwin-Williams to Neutral from Buy on higher input costs and valuation but nevertheless raised its target to $115 from $105. In a more prescient move, Nomura on March 12 added Sherwin-Williams to its Conviction Buy list with a target of $137. Sherwin-Williams, with a market cap of $13 billion, is one of the world's largest producers of paint, coatings and related products.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. 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

---

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's Morning Call 5/29

Barchart Morning Call

Tue, 29 May 2012 07:00:00 -0500

Overnight Developments

• June E-mini S&Ps this morning are up 8.25 points (+0.63%) on reduced fears for Greek turmoil as the pro-bailout Greek party New Democracy was ahead in 6 different voter polls released over the weekend. The market is shaking off concerns about the Spanish government's 19 billion euro bailout of Bankia and the government's uncertainty about how it plans to fund that bailout. The Spanish government continues to claim that it needs no bailout and can cover banking losses and regional deficits its own. Commodity prices are mostly higher this morning. Gold is mildly higher by +0.22%, copper is up +0.68%, crude oil is up +0.43%, and grains are mixed. The dollar index is down -0.21% while EUR/USD is slightly lower by -0.04%. T-notes are up 5.5 ticks.
• European stocks are slightly higher this morning by +0.12% following Monday's loss of -0.65%. However, Spanish stocks are down 2.16% this morning and Italian stocks are down -0.43%. Asian stocks today closed higher across the board: Japan +0.74%, Hong Kong +1.35%, China +1.38%, Taiwan +2.89%, Australia +1.14%, Singapore +0.52%, South Korea +1.51%, India +0.13%, Turkey +1.13%.
• In Greece, six polls released over the weekend showed that the New Democracy party is now in first place, which is an improvement over some recent polls showing the anti-bailout Syriza party in the lead. The two main Greek political parties, New Democracy and Pasok, together fell only 2 seats short of forming a majority in parliament in the last election on May 6. If they can improve their seat count in the June 17 elections by at least two seats, then they could from a government that upholds the main tenets of the bailout agreement and keeps Greece in the Eurozone.
• Spain's 10-year bond yield today is little changed at 6.471% after rising by 17 bp to a 5-month high of 6.479% on Monday due to the Bankia situation. That is just 23 bp below the peak of 6.70% posted on November 25, 2011. The Spanish government last Friday announced that Bankia, Spain's third largest bank, would be given a 19 billion euro bailout by the Spanish government. The Spanish government then announced that it may fund the bailout with an IOU from the government rather than cash, leading to worries that the government does not believe it can raise the money in the debt markets. However, a spokesman for the Spanish economy ministry today said that the nation's preferred option for raising the Bankia bailout funds is through the debt markets.
• ECB Council member Ewald Nowotny said today that the ECB is not considering restarting its bond-purchase program, disappointing Spanish Prime Minister Rajoy who last week called for the ECB to buy Spanish bonds after the recent surge in yields.
• China's Xinhua News Agency reported today that the Chinese government has no intention of introducing a large-scale stimulus program. The Chinese finance ministry today announced subsidies for energy-saving products that the government says could spur consumption of of more than 135 billion yuan ($21 billion).
• Italy today successfully sold 8.5 billion euros of 183-day bills at 2.104%, which was up by 33 bp from 1.772% at the last sale on April 26. The bid cover ratio was 1.61 times, down from 1.71 times at the last sale.
  Market Comments
  • June E-mini S&Ps this morning are up +8.25 points (+0.63%) on the improved position of the pro-bailout New Democracy party in the polls and on slightly higher European stocks today (+0.12%). U.S. stocks on Friday closed mildly lower: S&P 500 -0.22%, Dow Jones -0.60%, Nasdaq 100 -0.17%. The stock market on Friday received some support from the news that the final-May U.S. consumer confidence index from the University of Michigan was revised upward to a +2.9 point gain to a 4-1/2 year high. The S&P 500 index last week consolidated above the 4-month low posted on May 18. The stock market basically has to wait for the June 17 Greek election to better gauge the risk of Greece leaving the Eurozone. The market was encouraged by reports Friday that German Chancellor Merkel will consider a plan for a Eurozone bond redemption fund that would help to pay down debt in troubled Eurozone countries.
  • June 10-year T-notes this morning are up 5.5 ticks as concern continues about whether Spain will need a bailout. T-note prices on Friday closed higher: TYM2 +7, FVM2 +0.75. June 10-year T-note prices last week consolidated near the recent record high on continued safe-haven demand tied to the European debt crisis and on concern about slowing economic growth in China and Europe.
  • The dollar index this morning is mildly lower by 0.176 points (0.21%) due to the higher trade in June E-mini S&Ps. EUR/USD is down -0.0005 while USD/JPY is up 0.05 yen. The dollar index on Friday posted another new 1-2/3 year high and closed slightly higher: Dollar Index +0.06 (+0.06%), EUR/USD -0.0015 (-0.11%), USD/JPY +0.08 (+0.10%). The dollar broke out to a new 1-2/3 year high last week as global portfolio managers dumped European stocks, fixed-income securities, and euros on the likelihood of a showdown between Greek and Eurozone officials after the June 17 election that could deteriorate into Greece's exit from the Eurozone. In addition, 3-month Euribor futures yields have fallen sharply across the futures curve and are mostly trading below 3-month Eurodollar futures yields, giving the dollar an interest rate differential advantage against the euro.
  • July WTI crude oil prices this morning are up 0.39 (+0.43%) and July gasoline is up 1.02 (0.36%) on the lower dollar and some general commodity recovery strength. July crude oil and gasoline prices last Friday closed mildly higher: CLN12 +0.20 (+0.22%), RBN2 +0.0124 (+0.44%). The downward pressure on commodity prices in general eased up later last week as some short-covering emerged. July crude oil prices hit a 6-1/2 month low last Wednesday and moved just slightly higher on Thursday and Friday. Oil prices remain under pressure from the unrelenting rise in U.S. crude oil inventories, the ability of OPEC so far to offset falling Iranian oil production and exports as the July 1 European oil embargo approaches, and the prospects for drawn out talks with the Iranians over their nuclear program that delays any military action into next year.
  • For the full subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): SAFM-Sanderson Farms (consensus $0.90), DRYS-Dryships (-0.05).
    Global Financial Calendar
    

    Tuesday 5/29/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0855 ET	Redbook weekly retailer sales.
    0900 ET	Mar S&P-Case-Shiller Composite 20 U.S. home price index expected +0.2% m/m and -2.55% y/y, Apr +0.15% m/m and -3.49% y/y.
    1000 ET	May U.S. consumer confidence (Conference Board) expected +0.3 to 69.5, Apr -0.3 to 69.2.
    1030 ET	May Dallas Fed manufacturing activity expected 1.5, Apr -3.4.
    1100 ET	USDA weekly grain export inspections.
    1130 ET	Weekly T-bill auctions.
    1600 ET	USDA Crop Progress
    1630 ET	API weekly U.S. oil statistics.
    Japan
    0100 ET	Japan May small business confidence, Apr 47.6.
    1915 ET	Japan May Markit/JMMA manufacturing PMI, Apr 50.7.
    Germany
    0200 ET	German Apr import prices expected -0.3% m/m and +2.6% y/y, Mar +0.7% m/m and +3.1% y/y.
    0400 ET	German state May CPI reports. Apr Saxony +0.1% m/m and +2.0% y/y. Apr Brandenburg +0.2% m/m and +2.1% y/y. Apr Hesse +0.2% m/m and +1.9% y/y.
    0600 ET	Bavaria May CPI, Apr +0.3% m/m and +2.2% y/y.
    0800 ET	German May CPI expected -0.1% m/m and +2.1% y/y, Apr +0.2% m/m and +2.1% y/y. German May EU harmonized CPI expected unchanged m/m and +2.2% y/y, Apr +0.1% m/m and +2.2% y/y.
    United Kingdom
    0600 ET	UK May CBI reported sales expected -8, Apr -6.

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

3 Large Caps for your watchlists

This morning I used Barchart to screen the Large Cap S&P 500 index stocks to find 3 with upward momentum and found Wal-Mart Stores (WMT), Sherwin-Williams (SHW) and Hormel Foods (HRL)

Wal-Mart Stores (WMT)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 13..86% in the last month
• Relative Strength Index 78.02%
• Barchart computes a technical support level at 64.50
• Recently traded at 35.31 with a 50 day moving average of 60.55

Sherwin-Williams (SHW)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.00% in the last month
• Relative Strength Index 69.16%
• Barchart computes a technical support level at 123.88
• Recently traded at 126.31 with a 50 day moving average of 116.08

Hormel Foods (HRL)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 5.68% in the last month
• Relative Strength Index 69.99%
• Barchart computes a technical support level at 29.47
• Recently traded at 30.15 with a 50 day moving average of 29.00

DVD and BSET deleted

Today I deleted Dover Downs Entertainment (DVD) and Bassett Furniture International (BSET) from the Barchart Van Meerten Speculative portfolio for negative price momentum

Dover Downs Entertainment (DVD)

Barchart technical indicators:

• 72% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 39.53% off its 1 year high
• Relative Strength Index 34.87%

Bassett Furniture International (BSET)

Barchart technical indicators:

• Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 13.19% off its 1 year high
• Relative Strength Index 36.57%

RHT and LTON Deleted

Today I deleted Red Hat (RHT and Linktone (LTON) from the Barchart Van Meerten New High portfolio for negative price momentum:

Red Hat (RHT)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100day moving averages
• 16.99% off its 1 year high
• Relative Strength Index 35.98%

Linktone (LTON)

Barchart technical indicators:

• 8% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 18.39% off its 1 year high
• Relative Strength Index 41.82%