The VRTrader.com VR Silver Newsletter - Friday 2/18/2011"Tools for the High Performance Trader"
Copyright ©2011, All rights reserved.
Redistribution in any form is strictly prohibited. LEIBOVIT FILES | by Mark Leibovit Leibovit Files
Friday, February 18, 2011
There Is A Full Moon Above!
Mark Leibovit, TIMER DIGEST's #1 Intermediate Market Timer for the 10-year period ending in 2007 AND the #2 Intermediate Market Timer for the 10-year period ending in 2009.
--------------------------------------------
Current TIMER DIGEST Signals:
Stocks - Bull - I remain on 'Buy' signal nothwithstanding the risk of an occasional correction. Ben Bernanke has targeted a higher market. Perhaps this is all we need to know. Oh, by the way, there is a full moon overhead! Market lunacy on options expiration day perhaps?
Gold - Bull - Seasonality factors continue to be positive for the metals, especially Silver which broke out to a new bull market high of 31.88 today!
Bonds - Bearish - Bonds are way oversold so I am hoping for a technical bounce before trading inverse ETFs. Bonds should overall work lower higher interest rates) which is confirmation of an economic recovery and inflation. Bonds are short-sale on a healthy technical bounce, but will we get it?
--------------------------------------------
UPCOMING ECONOMIC RELEASES/MARKET EVENTS
FEBRUARY 18, 2011:
--------------------------------------------
FRIDAY, FEBRUARY 18:
Triple Witching Options Expiration
PRE-MARKET EARNINGS:
Amerigroup, Calpine, Campbell Soup, Eldorado Gold, Progress Energy
--------------------------------------------
STOCKS - ACTION ALERT -
A hesitant start for stocks yesterday after a disappointing jobless claims report and worries about protests in the Middle East and inflation here at home gave way to gains to new highs after a better than expected Philadelphia Fed survey. The Dow Industrials rose 29.97 or 0.24% to 12318.14, the S&P 500 gained 4.11 or 0.31% to close at 1340.43, the NASDAQ Composite rallied 6.02 or 0.21% to 2831.58, and small caps outperformed with the Russell 2000 up 5.65 or 0.68% to 834.02. Breadth was bullish.
It all appears just too easy, doesn't it? The market has been rising steadily since the end of August (only interrupted in November) and rising steadily since the end of November and 230 points off the 'flash crash' bear lows. We all know but few will outwardly admit that this rally is a result of 'financial engineering' by Tim Geithner, Ben Bernanke and other cohorts of the Plunge Protection Team in Washington, D.C. It's plain and simple. Market manipulation on an unprecedented scale fueled by the printing press and near total coverup of all the wrong doings by our financial industry. You can't 'fight the Fed', so enjoy the party and stay long the market until a new bear cycle is confirmed. I cannot tell you whether the party ends this summer, next Spring or a year from Tuesday. All we can is watch the tape and listen to any change of wording coming out of the mouth of Ben Bernanke who is de facto the most powerful man in the world! We may very well see the S&P 500 tra de back in the mid-1500s erasing all the 2007-2008 bear market losses.
All the major indexes closed at new recovery highs. Seven of the nine market sectors hit and/or closed at new highs. Small caps outperformed. All signs are bullish.
Again, we got more dividend hikes (WMB, LEA, KO) and stock buybacks (LEA) yesterday. As long as companies keep doing so, there will be upward pressure on the market. We remain on a TIMER DIGEST Buy Signal and the bull market continues...
The commodity sectors led the advance yesterday (XLB +0.90% and XLE +0.99%). Consumer Staples was the third best sector (XLP +0.68%) after Dr. Pepper Snapple Group announced good earnings Coke raised in dividend. Financials were the only sector to decline (XLF -0.12%) after analysts at Bank of America Merrill Lynch warned that takeover hopes may have left the valuations of regional bank stocks stretched.
-------------------------------------------
DOW TRANSPORTS - ACTION ALERT -
Transportation stocks moved up with the rest of the market yesterday. The Dow Jones Transportation Average gained 12.58 or 0.24% to 5298.10. It posted an end of day recovery high, but did not surpass Wednesday's intra-day high.
Growth in the world's premium-class air traffic, which include business-class and first-class passengers, slowed substantially in December because of severe weather in Europe and the U.S., according to industry data released Thursday. Premium traffic for the month climbed just 2.8% year-over-year, versus a 7.6% jump in December 2009, the International Air Transport Association said. Weather, as well as the sudden surge in demand at the end of 2009, impacted year-ago comparisons. Economy class growth in December slowed to 2.4% from 7% a year ago. "Fourth-quarter aggregates give a better indication of the underlying momentum to international travel markets, with two out of three months unaffected by bad weather," IATA said. "These measures all show solid growth, albeit at a slower pace than at the start of 2010." Airlines (^XAL) fell 0.26%.
--------------------------------------------
GOLD and METALS - ACTION ALERT -
Precious metals rallied yesterday amid higher than expected inflation, a weak Dollar, and increasing turmoil in the Middle East. Gold hit a five week high and silver is again trading at a 30-year high. Gold rose 9.00 to 1384.60. Silver outperformed, gaining 1.10 to 31.78 and hit a new 30-year high of 31.88. I still have an unfulfilled upside intermediate target of 36.00 'on the books'. Platinum rose 2 to 1831. Palladium rose 2 to 840. Copper settled up 0.0140 to 4.4840.
For more in depth coverage of all the week's action, subscribe to the VR Gold Newsletter. http://www.vrgoldletter.com/
--------------------------------------------
URANIUM - ACTION ALERT
Uranium has temporarily peaked at $7.300, up $32.00 off its low, declining to $68.50 yesterday. Next big support is $63.00.
Ux U3O8 Prices* (Uranium)
February 14, 2010 Posting
Spot: $72.25 DOWN 0.75. Bull market high in the cash market was $138.00.
Uranium futures bear market low was 40.00 following the June 13, 2007 the bull market high of 154.95. Major support lies well under the market at $36.00.
The spot price of uranium quadrupled from 2004 to 2007. When it hit $138/lb, uranium became a certified bubble, which has now burst.
--------------------------------------------
BONDS - ACTION ALERT-
Treasuries rallied yesterday as rising tensions in the Middle East spark a move to safety, but gave up some of its gains after a higher than expected inflation report and as stocks move up. The long bond future gained 16/32 to 119 14/32 but traded as high as 119 25/32 yesterday morning.
The Federal Reserve Bank of New York bought $7.24 billion in Treasury debt on Thursday, part of the Fed's second round of quantitative easing, and includes purchases made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Dealers offered the central bank $23.106 billion in Treasurys maturing from 2018 to 2021. Since the program began in August, the Fed had bought about $412 billion.
The Treasury Department sold $9 billion in 30-year Treasury Inflation Protected Securities on Thursday at a yield of 2.19%. Bidders offered to buy 2.54 times the amount of debt sold, compared to an average of 2.62 times at the government's two sales of the security last year. Indirect bidders, a group that includes foreign central banks, bought 55.2% of the sale, compared to an average of 42.4% of the 2010 sales. Direct bidders, a group that includes domestic money managers, bought 3.6%. Comparisons to last year's sales are difficult because of a change in classification rules.
The Treasury Department said it plans to sell $99 billion in notes and bonds next week. The U.S. government said it will sell $35 billion in 2-year notes, $35 billion in 5-year notes and $29 billion in 7-year notes.
Inflation is too low and may stay below the Fed's target of 2% growth through the end of 2013, said Charles Evans, the president of the Chicago Fed on Thursday. In a speech to the Chamber of Commerce in Rockford, Illinois, Evans said he realized that his outlook on inflation was an "unpopular" viewpoint. He noted that gasoline costs make up only about 3.6% of the Fed's preferred measure of inflation, the personal consumption expenditure index. "In fact, over 80% of what consumers spend their money on increased at an annual rate of 2% or less over the past three months," Evans said. Recent economic data has been encouraging, but it is important to remember that a 4% GDP annual growth rate would be a "relatively muted recovery." "We still have a long road ahead" to return the economy to full employment, he said. Evans is a voting member of the Fed's interest rate setting Federal Open Market Committee this year.
Data over the past two months show that inflation is on the march, said Thomas Hoenig, the president of the Kansas City Fed on Thursday. There are "indications that inflation is rising -- slowly, modestly but still rising," Hoenig said in an interview on the Fox Business Network. Hoenig also said the economy was now on a sustainable growth path. Hoenig voted against the Fed's latest $600 billion bond buying program, arguing that it might foster imbalances like the recent housing bubble. Hoenig suggested rapidly rising prices of farm land might be a new imbalance resulting from easy Fed policy. Hoenig said he would argue against any Fed decision to launch another round of asset purchases. "We have been in a recovery now for over a year and a half and I think we need to keep that in mind as we look ahead," Hoenig said.
--------------------------------------------
CRUDE OIL - ACTION ALERT -
Oil rallied yesterday on news of growing trouble in the Middle East. The weak Dollar also helped. April Crude oil, now the most active contract, rose 1.00 to 88.84. We traded as low as 83.85 (from the 93.02 high)and touched 89.25 intra-day yesterday. It's too early to call for new highs, but I'm watching carefully. New highs would likely trigger panic buying toward 100.
Natural gas fell 0.053 to 3.868 after the EIA said supplies of the energy product dropped 233 billion cubic feet in the week ended Feb. 11. Analysts polled by Platts had expected a decline of 235 to 239 billion cubic feet.
--------------------------------------------
US DOLLAR - ACTION ALERT -
The US Dollar Index fell yesterday as traders worried that rising inflation in the US will eat into their earned interest of Dollar deposits, especially as interest rates have decline recently. Additionally, the turmoil in the Middle East may be hurting the Dollar. The US Dollar Index fell 0.228 to 77.995.
Normally, uncertainty helps the Dollar. But the concern with the protests in the Middle East is that the US may have to get involved militarily or politically. As a result, traders are buying Swiss Francs, seen as an even safer currency than the US in geo-political situations. The Swiss Franc rose 1.01% against the Dollar and 0.72% against the Euro.
--------------------------------------------
ECONOMIC NEWS:
New applications for U.S. unemployment benefits rose last week by 25,000 to 410,000, the Labor Department reported Thursday. Economists had expected initial claims in the week ended Feb. 12 to rise to a seasonally adjusted 400,000 from a revised 385,000 the week before. Continuing claims, which reflect the number of people already receiving unemployment compensation, edged up by 1,000 to a seasonally adjusted 3.91 million in the week ended Feb. 5. About 9.25 million Americans were getting some kind of state or federal benefit in the week ended Jan. 29, down about 108,500 from the prior week.
U.S. consumer prices rose a seasonally adjusted 0.4% in January, the Labor Department reported Thursday, driven by higher food and energy expenses. The core consumer price index, which strips out volatile food and energy costs, rose a lesser 0.2%. Economists had forecast CPI to rise 0.3% overall, with a 0.1% increase in the core rate. Consumer prices are up 1.6% over the last 12 months. In a related report, the government said average hourly earnings fell 0.1% in January, adjusted for inflation. Real average weekly earnings were down 0.3%.
The economy's expansion is expected to continue in coming months, though current conditions, which are slowly improving, remain weak, the Conference Board said Thursday as it reported that its leading economic index rose 0.1% in January. "The economy gained some momentum in late fall, and the latest data suggest that trend will continue," said Ken Goldstein, economist at the Conference Board, in a statement. Six of the 10 indicators included in the LEI made positive contributions in January, led by the interest rate spread. The largest negative contribution came from building permits. Economists had expected the overall index to rise 0.2% in January. In December, the LEI rose 0.8%, compared with the Conference Board's prior estimate of 1%. The LEI is a weighted gauge of 10 indicators that are designed to signal business cycle peaks and troughs. In recent months, there have been widespread strengths among the indicators, according to the Conference Board. For the six months th rough January, the LEI gained 3%, up from 2.2% in the prior six months.
The index of manufacturing activity in the Philadelphia region jumped in February to its highest level since January 2004, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed business condition index rose to 35.9 in February from 19.3 in January. The increase was much stronger than expected. Economists expected the index to tick higher to 20.8.
--------------------------------------------
CORPORATE NEWS:
Apache Corp. said its fourth-quarter earnings grew to $670 million, or $1.77 a share, from $582 million, or $1.72 a share, in the year-ago period. Adjusted earnings rose to $2.19 a share, from $1.96 a share. Revenue increased to $3.43 billion, from $2.56 billion. Analysts expected Apache to earn $2.46 a share, on revenue of $3.46 billion. Apache said the political events in Egypt have not affected its production this year. APA inched up 0.09%.
Duke Energy said its fourth-quarter earnings rose to $427 million, or 32 cents a share, from $346 million, or 26 cents a share, in the year-ago period. Revenue rose to $3.45 billion, from $3.11 billion. Adjusted earnings fell to 21 cents a share, from 28 cents a share, last year. Wall Street analysts expected the power firm to earn 23 cents a share, on revenue of $3.15 billion. Duke Energy expects 2011 profit of $1.35 to $1.40 a share, compared to the analyst expectation of $1.33 a share. DUK rose 2.37%.
CBS said its fourth-quarter profit more than quadrupled against a quarter that included several items a year earlier, as the mass media conglomerate benefited from an industry-wide rebound in advertising sales. CBS said it earned $283 million, or 41 cents a share, compared with a profit of $59 million, or 9 cents a share, in the fourth quarter of 2009. Excluding items in the latest three months, CBS said it would have earned 46 cents a share. Revenue rose to $3.9 billion from $3.5 billion. Analysts were expecting a profit of 43 cents a share on sales of $3.86 billion. CBS gained 1.13%.
Waste Management said its fourth-quarter net income fell to $281 million, or 59 cents a share, from $315 million, or 64 cents a share, in the year-ago period. Revenue rose to $3.19 billion from $3.01 billion. Excluding one-time items, the Houston company said it would have earned 60 cents a share in the most recent quarter. Analysts were looking for earnings of 54 cents a share, on average, with sales of $3.2 billion. For 2011, adjusted earnings are forecast to be in a range of $2.24 to $2.30 a share, versus the Wall Street consensus of $2.25 a share. WM slipped 0.03%.
PG&E said its fourth-quarter net income fell to $250 million, or 63 cents a share, from $273 million, or 71 cents a share, in the year-ago period. Adjusted earnings fell to 70 cents from 80 cents a share. The San Francisco power company attributed its lower adjusted income to increased costs for its smart meter program and its scheduled nuclear refueling outage at the Diablo Canyon plant. Wall Street analysts expected PG&E to earn 72 cents a share. PG&E stuck to its 2011 estimate for adjusted profit of $3.65 to $3.80 a share. PCG fell 0.96%.
NetApp's earnings jumped 60% to $172.5 million, or 42 cents a share, compared with $107.9 million, or 30 cents a share, for the same period the previous year. Adjusted earnings were 52 cents a share and revenue jumped 25% to $1.27 billion. Analysts were expecting earnings of 50 cents a share on revenue of $1.28 billion. NetApp also forecast revenue of $1.38 billion, plus or minus 2%, and Wall Street is looking for $1.37 billion. NetApp said it expects fourth-quarter adjusted earnings to come in between 49 cents to 53 cents a share. Analysts currently expect earnings of 53 cents a share. NTAP declined 6.44%.
Nvidia posted a fiscal fourth-quarter profit of $171.7 million, or 29 cents a share, up from $131.1 million, or 23 cents a share, for the year-earlier period. Revenue at Nvidia fell to $886.4 million from $982.5 million, and adjusted earnings were 23 cents a share. Analysts had expected earnings of 21 cents a share on revenue of $897.7 million. The company also posted a stronger-than-expected sales outlook. NVDA jumped 9.84%.
J.M. Smucker said its fiscal third-quarter earnings fell to $132 million, or $1.11 a share, from $135.5 million, or $1.14 a share, in the year-ago period. Sales rose to $1.31 billion from $1.21 billion. Analysts were looking for earnings of $1.26 a share, on sales of $1.26 billion. For 2011, the Orville, Ohio food company adjusted its full-year profit forecast to a range of $4.60 to $4.65 a share, from a prior view of $4.55 to $4.65 a share. The Wall Street consensus is for a profit of $4.66 a share. Sales for fiscal 2011 are predicted to climb 4% from 2010. SJM rallied 4.22%.
Dr. Pepper Snapple Group said its fourth-quarter earnings declined to $112 million, or 49 cents a share, from $114 million, or 44 cents a share, in the year-ago period. Common shares outstanding fell to 228.5 million in the quarter from 255.5 million last year. Net sales increased 4% to $1.41 billion. On an adjusted basis, the Plano, Texas maker of sugary drinks said it earned 67 cents a share. Analysts were looking for earnings of 63 cents a share, on average. For 2011, Dr. Pepper Snapple forecast earnings in the range of $2.70 to $2.78 a share, versus the Wall Street consensus of $2.72 a share. DPS increased by 5.69%.
Industrial conglomerate SPX reported fourth-quarter net income attributable to common shareholders of $65.3 million, or $1.29 a share, compared to a net loss of $72.1 million, or $1.46 a share, in the same period the previous year. Adjusted net income per share from continuing operations, which excludes a 17-cent tax benefit, was $1.13 a share, matching forecasts. Revenues rose slightly to $1.33 billion from $1.32 billion. SPW dropped 1.41%.
Williams said its board approved separating the company's businesses into two stand-alone units. As part of the plan, Williams will spin off its exploration and production business through a public offering of up to 20% of its interest in the third quarter and then in 2012, spin off the remaining interest. The company also raised its first-quarter dividend by 60% to 20 cents and plans another 10% to 15% dividend increase by June 2012. WMB rallied 8.36%.
Coca-Cola said its board raised the company's quarterly dividend by 7% to 47 cents a share from 44 cents. The dividend will be paid April 1 to shareholders of record on March 15. KO rose 1.81%.
Lear announced a $400 million share repurchase program and initiated a quarterly dividend of 25 cents a share. Separately, the company declared a 2-for-1 stock split. LEA declined 0.24%.
--------------------------------------------
POST-MARKET NEWS:
Nordstrom reported fiscal fourth-quarter net income rose to $232 million, or $1.04 a share, from $172 million, or 77 cents, a year ago. Revenue for the upscale department store chain rose nearly 11% to $2.82 billion from $2.54 billion. Analysts expected the Seattle-based company to earn $1.00 a share on $2.82 billion in revenue. The company said it expects to earn $2.95 to $3.10 a share in fiscal 2011, which is in line with analysts' estimates. Separately, the company said it plans to buy HauteLook, a platform that serves the growing online sales marketplace, for $180 million. Nordstrom shares fell 1.7% to $45.70 in after-hours trade. JWN fell 2.8% in after hours trading.
Intuit posted fiscal second-quarter net income of $73 million, or 23 cents a share, compared to $114 million, or 35 cents a share in the same period a year earlier. The provider of tax-preparation software said revenue for the period ended Jan. 31 rose 5% to $878 million. Intuit said the results reflect the shift of between $40 million and $60 million of tax revenue and operating income to the third quarter from the second, "due to the Internal Revenue Service not accepting certain e-filed tax returns until mid-February." Excluding one-time items, Intuit said earnings for the quarter were 32 cents a share. Analysts had expected Intuit to report earnings for the quarter of 32 cents a share, and $891.8 million in revenue. INTU rose 2.6% in late trading.
--------------------------------------------
Canadian TSX, TSX Venture and Canadian Dollar Commentary for our Canadian clients updated for Friday, February 18:
Rising commodity prices lifted the Canadian market to large gains and new recovery highs. The TSX rose 76.97 or 0.55% to 14136.15. Technical measurements now confirm a move in the TSX (intermediate term) to 15,000 and possibly 15,600 based on my current Leibovit Volume Reversal strategy.
Barrick Gold reported fourth-quarter net income of $896 million, or 90 cents a share, up from $215 million, or 21 cents, earned in the final three months of 2009. Quarterly sales generated by the Toronto-based mining company reached $2.95 billion, up from the prior year's $2.36 billion. Gold production for the latest quarter totaled 1.7 million ounces, in line with management's expectations, on a strong performance in Barrick's North American region. The company also pegged projected production for 2011 in a range of 7.6 million ounces to 8 million ounces, as compared to nearly 7.77 million ounces for 2010 and 7.4 million ounces for 2009. ABX.TO rallied 1.90%.
Agnico-Eagle Mines fell 4.8 percent to C$71.75. The gold producer reported fourth quarter earnings excluding certain items that missed the average analyst estimate by 25 percent, Bloomberg data showed.
Sun Life Financial Inc. retreated 2.6 percent to C$33.02. Canada's third-biggest insurer reported fourth-quarter net income of 88 cents a share, missing the average analyst estimate by 3 percent. The company's shares were downgraded to "hold" from "buy" at Canaccord Genuity Ltd.
Energy 350.74 4.54 (1.31%)
Financials 197.38 1.11 (0.57%)
Health Care 57.82 -0.58 (-0.99%)
Industrials 118.62 1.02 (0.87%)
Info Tech 35.47 0.11 (0.31%)
Metals & Mining 1,512.04 -27.13 (-1.76%)
Telecom 92.43 -0.33 (-0.36%)
Utilities 221.41 0.65 (0.29%)
Resistance 14,157, 14,240, 14,715, 15,000, 15,600. Support is 13,690, 13,139, 13,000, 12,850, 12,501, 12,200, 12,055, 11,750, 11,480, 11,380, 11,065, 10,990, 10,800, 10,600, 10,400, 10,384, 9500, 9300, 9140.
--------------------------------------------
CANADIAN TSX Venture:
The Venture did even better than the TSX or US market indexes as gold rallied to a five-week high and silver rose even more to a 30-year high. The TSX Venture gained 22.47 or 0.94% to 2421.89, a new recovery high. Like the TSX, the TSX Venture now projects much higher technically and a move as high as 2575 appears to lay ahead in coming weeks or months.
Resistance: 2425, 2475, 2535, 2575. Support: 2330, 2195, 2070, 2208, 1995, 1974, 1902, 1887, 1806, 1788, 1740, 1666, 1630, 1580, 1500, 1439, 1425, 1375, 1343, 1306, 1231.
--------------------------------------------
THE CANADIAN DOLLAR (using the FXC Exchange Traded Fund):
The Canadian Dollar rallied to a new recovery high as commodities rallied, but then gave up most of its gains to finish nearly unchanged as traded weighed the benefit of higher oil and metal prices against potential economic disruption if things in the Middle East get out of hand. FXC finished up 0.03 at 100.97 after trading up to 101.13, its highest level since May 2008.
Resistance is 102.00, 105.00, 110.00. Support is 95.96, 93.20, 92.50 91.82, 91.00, 89.75, 87.50 and 85.18.
--------------------------------------------
DAILY VR LIST:
Editor's note: The Daily VR List here is abbreviated with the full list only available to Platinum subscribers by clicking on 'Current VR List' on the Home Page of VRtrader.com.
Canadian shares are listed at the bottom of each section with the title: 'XXX CANADIAN STOCKS XXX'.
The Leibovit VR or also known as the Leibovit Volume Reversal indicator will soon be made available through METASTOCK as a 'PLUG-IN'. Information from Metastock will be forthcoming early in the first quarter of 2011. Meanwhile, you can contact Metastock at http://www.equis.com/ for more details.
--------------------------------------------
VOLUME REVERSALS FOR WEDNESDAY, FEBRUARY 16, 2011:
--------------------------------------------
POSITIVE VRs:
--------------------------------------------
.. CANADIAN STOCKS ... Canadian Stocks
MGO MIGAO CORP
S.UN SHERRITT INTERNATIONAL
--------------------------------------------
U.S. STOCKS:
--------------------------------------------
AEROSPACE/DEFENSE Aerospace/Defense Major Dive
LMT Lockheed Martin Corp
AEROSPACE/DEFENSE Aerospace/Defense Products & S
DCO Ducommun Inc
KAMN Kaman Corp
AUTOMOTIVE Auto Parts
DAN Dana Corp
SUP Superior Indust Internat
BANKING Foreign Regional Banks
BFR Banco Frances Sa
LYG Lloyds Tsb Group Plc
BANKING Money Center Banks
NBG National Bk Greece Ads
BANKING Regional - Mid-Atlantic Banks
NKSH National Bankshares Inc
BANKING Regional - Midwest Banks
NSFC Northern States Fin Cp
BANKING Regional - Northeast Banks
CAC Camden National Corp
CIZN Citizens Holding Co
BANKING Regional - Pacific Banks
CACB Cascade Bancorp
NARA Nara Bancorp Inc
BANKING Regional - Southwest Banks
QCRH Qcr Hldgs Inc
BANKING Savings & Loans
BKMU Bank Mutual Corporation
CHFN Charter Financial Corp
CHEMICALS Agricultural Chemicals
CF CF Industries Holdings Inc
CHEMICALS Chemicals - Major Diversified
CDTI Clean Diesel Technologies Inc
CHEMICALS Specialty Chemicals
BRC Brady Corporation Cl A
CMP Compass Minerals International
CHEMICALS Synthetics
ROC Rockwood Holdings Inc
COMPUTER HARDWARE Computer Based Systems
OMCL Omnicell Inc
TLVT Telvent Git Sa Ord
COMPUTER HARDWARE Computer Peripherals
ALOT Astro-Med Inc
APKT Acme Packet Inc
COMPUTER HARDWARE Data Storage Devices
BRCD Brocade Communications
COMPUTER SOFTWARE & SERVICES Application Software
NTWK Netsol Tech Inc
TYPE Monotype Imaging Holdings
COMPUTER SOFTWARE & SERVICES Business Software & Services
DSGX Descartes Systems Group
ISSC Innovative Solutions
COMPUTER SOFTWARE & SERVICES Information & Delivery Service
DST Dst Systems Inc
COMPUTER SOFTWARE & SERVICES Information Technology Service
EDGW Edgewater Technology Inc
NCIT NCI Inc
COMPUTER SOFTWARE & SERVICES Multimedia & Graphics Software
MMUS MakeMusic Inc
COMPUTER SOFTWARE & SERVICES Technical & System Software
BSQR Bsquare Corporation
MCRS Micros System Inc
CONGLOMERATES Conglomerates
FO Fortune Brands Inc
SXI Standex Internat Corp
CONSUMER DURABLES Business Equipment
PBI Pitney Bowes Inc
CONSUMER DURABLES Home Furnishings & Fixtures
CRC Chromcraft Revington Inc
CONSUMER DURABLES Recreational Goods
CTHR Charles & Colvard Ltd
MOV Movado Group Inc
CONSUMER DURABLES Sporting Goods
COGO Comtech Group Inc
CONSUMER NON-DURABLES Paper & Paper Products
CCF Chase Corp
CONSUMER NON-DURABLES Personal Products
BTH Blyth Inc
CAW Cca Industries Inc
CONSUMER NON-DURABLES Rubber & Plastics
JAH Jarden Corp
MYE Myers Industries Inc
CONSUMER NON-DURABLES Textile - Apparel Clothing
CRI Carter Holdings Inc
MFB Maidenform Inc
CONSUMER NON-DURABLES Textile - Apparel Footwear & A
ICON Iconix Brand Group
DIVERSIFIED SERVICES Business/Management Services
ABM Abm Industries Inc
GKSR G&K Services Inc Cl A
DIVERSIFIED SERVICES Education & Training Services
UTI Universal Technical Institute
DIVERSIFIED SERVICES Personal Services
CPY Cpi Corp
CSTR Coinstar Inc
DIVERSIFIED SERVICES Rental & Leasing Services
ELRC Electro Rent Corp
WLFC Willis Lease Finance Cp
DIVERSIFIED SERVICES Research Services
CBLI Cleveland BioLabs Inc
SNMX Senomyx Inc
DIVERSIFIED SERVICES Technical Services
WLDN Willdan Group
DRUGS Biotechnology
EBS Emergent BioSolutions Inc
HEB Hemispherx Biopharma Inc
DRUGS Drug Manufacturers - Other
DRRX Durect Corporation
KNDL Kendle Internat Inc
ELECTRONICS Diversified Electronics
DLB Dolby Laboratories Inc
ESIO Electro Scientific Ind
ELECTRONICS Printed Circuit Boards
SGMA Sigmatron Internat Inc
ELECTRONICS Scientific & Technical Instrum
CUB Cubic Corp
DGLY Digital Ally` Inc.
ELECTRONICS Semiconductor - Broad Line
ISIL Intersil Holding Corp
ELECTRONICS Semiconductor - Integrated Cir
PLXT Plx Technology Inc
POWI Power Integrations Inc
ELECTRONICS Semiconductor - Memory Chips
NLST Netlist Inc
RMTR Ramtron Internat Corp
ELECTRONICS Semiconductor - Specialized
CEVA Ceva Inc
LSI Lsi Logic Corp
ELECTRONICS Semiconductor Equipment & Mate
ATMI Atmi Inc
LRCX Lam Research Corp
ENERGY Independent Oil & Gas
APC Anadarko Petroleum Corp
GDP Goodrich Petrol Corp
ENERGY Major Integrated Oil & Gas
BP Bp Plc
ENERGY Oil & Gas Drilling & Explorati
BRNC Bronco Drilling Co Inc
ESV Ensco International Inc
ENERGY Oil & Gas Equipment & Services
BAS Basic Energy Services Inc
EXLP Exterran Partners Lp
ENERGY Oil & Gas Refining & Marketing
AHC Amerada Hess Corp
ALJ Alon USA Energy Inc
FINANCIAL SERVICES Asset Management
DUF Duff & Phelps Corp
EVR Evercore Partners Inc
FINANCIAL SERVICES Closed End Fund - Debt
ARK Senior High Inc Port
BFZ Blackrock Ca Municipal Inc Tr
FINANCIAL SERVICES Closed End Fund - Equity
DBA PowerShares DB Agriculture Fun
DHFT Diamond Hill Financial Trends
FINANCIAL SERVICES Closed End Fund - Foreign
CEF Central Fund Of Canada
FAX Aberdeen Asia-Pac Prime Inc Fd
FINANCIAL SERVICES Credit Services
AGM Federal Agri Mtg Cl C
FINANCIAL SERVICES Diversified Investments
HEK Heckmann Corp
IDG ING Groep NV
FINANCIAL SERVICES Investment Brokerage - Nationa
AMPL Ampal-Amer Israel Cl A
MKTX Marketaxess Holdings
FINANCIAL SERVICES Investment Brokerage - Regiona
LAB Labranche & Co Inc
FOOD & BEVERAGE Beverages - Soft Drinks
CCH Coca-cola Hellenic Bottling Co
FOOD & BEVERAGE Dairy Products
DF Dean Foods Company
FOOD & BEVERAGE Farm Products
CVGW Calavo Growers Inc
FOOD & BEVERAGE Food - Major Diversified
GIS General Mills Inc
FOOD & BEVERAGE Processed & Packaged Goods
BGS B&G Foods Inc.
LNCE Lance Inc
HEALTH SERVICES Long-Term Care Facilities
CSU Capital Senior Living Cp
ESC Emeritus Corp
HEALTH SERVICES Medical Appliances & Equipment
ARAY Accuray Incorporated
CUTR Cutera Inc
HEALTH SERVICES Medical Instruments & Supplies
MMSI Merit Medical Systems
PODD Insulet Corporation
HEALTH SERVICES Specialized Health Services
AMS American Shared Hosp Svc
FMS Fresenius Med Care Ag
INSURANCE Accident & Health Insurance
AMIC American Independence Corp
INSURANCE Life Insurance
CIA Citizens Inc
ING Ing Groep Nv
INSURANCE Property & Casualty Insurance
HCII Homeowners Choice` Inc.
PRE Partnerre Ltd
INSURANCE Surety & Title Insurance
ITIC Investors Title Co
INTERNET Internet Information Providers
LEDR Market Keader Inc
NTES Netease.com Inc
INTERNET Internet Service Providers
GIGM Gigamedia Limited
IIJI Internet Initiative Ja
INTERNET Internet Software & Services
DSCM Drugstore.Com Inc
STEL Stellent Inc
LEISURE Restaurants
NATH Nathan's Famous Inc
RRGB Red Robin Gourmet
MANUFACTURING Diversified Machinery
IEX Idex Corp
MANUFACTURING Farm & Construction Machinery
AG Agco Corp
MANUFACTURING Industrial Electrical Equipmen
AIMC Altra Industrial Motion Inc.
LFUS Littelfuse Inc
MANUFACTURING Machine Tools & Accessories
HDNG Hardinge Inc
MANUFACTURING Metal Fabrication
GEG Gbl Power Inc
LDSH Ladish Co Inc
MANUFACTURING Small Tools & Accessories
TTC Toro Co
MANUFACTURING Textile Manufacturing
IFSIA Interface Inc Cl A
MATERIALS & CONSTRUCTION General Building Materials
NCS Nci Building Systems Inc
RPM Rpm International
MATERIALS & CONSTRUCTION Heavy Construction
LAYN Layne Christensen Co
MTZ Mastec Inc
MATERIALS & CONSTRUCTION Lumber
DEL Deltic Timber Corp
MATERIALS & CONSTRUCTION Residential Construction
GFA Gafisa SA ADR
PHM Pulte Homes Inc
MEDIA Broadcasting - Radio
BBGI Beasley Broadcast Grp A
SBSA Spanish Brdcstng Sys A
MEDIA Broadcasting - TV
CETV Central European Media
MEDIA CATV Systems
NETC Globo Cabo Sa Adr
TIVO Tivo Inc
METALS & MINING Gold
MGN Mines Management Inc
METALS & MINING Industrial Metals & Minerals
BW Brush Engineered
GMO Idaho General Mines Inc
METALS & MINING Nonmetallic Mineral Mining
NGD New Gold Inc
METALS & MINING Silver
CDE Coeur D'alene Mines Corp
EXK Endeavour Silver Corp
METALS & MINING Steel & Iron
ROCK Gibraltar Steel Corp
TXI Texas Industries Inc
REAL ESTATE Property Management/Developmen
BXG Bluegreen Corp
IRS Irsa Inversiones Y Repre
REAL ESTATE REIT - Diversified/Industrial
ABR Arbor Realty Trust Inc
ALX Alexander's Inc
REAL ESTATE REIT - Healthcare Facilities
LTC Ltc Properties Inc
REAL ESTATE REIT - Hotel/Motel
HT Hersha Hospitality Trust
REAL ESTATE REIT - Residential
HME Home Properties Inc
REAL ESTATE REIT - Retail
ADC Agree Realty Corp
GRT Glimcher Realty Trust
RETAIL Catalog & Mail Order Houses
GAIA Gaiam Incorporated Cl A
STMP Stamps.com Inc
RETAIL Drug Stores
NPD China Nep Chain Drugstore
PMC Pharmerica Corp
RETAIL Home Furnishing Stores
HVT Haverty Furniture Cos
RETAIL Home Improvement Stores
LL Lumber Liquidators` Inc.
SPECIALTY RETAIL Specialty Retail
EZPW Ezcorp Inc Cl A
TELECOMMUNICATIONS Communication Equipment
INFN Infinera Corporation
LLL L-3 Communications Hldgs
TELECOMMUNICATIONS Diversified Communication Serv
RRST RRsat Glo Comm Network Ltd Ord
TELECOMMUNICATIONS Telecom Services - Domestic
ALSK Alaska Communctns Systms
HTCO Hickory Tech Corp
TELECOMMUNICATIONS Telecom Services - Foreign
PT Portugal Telecom Sa
TELECOMMUNICATIONS Wireless Communications
GSL Global Signal Inc
TRANSPORTATION Railroads
ARII American Railroad Industries I
TRANSPORTATION Shipping
CRU Crude Carriers Corp
DHT Double Hull Tankers Inc
UTILITIES Electric Utilities
AES Aes Corporation
CV Central Vermont Pub Svc
UTILITIES Foreign Utilities
NGG National Grid Group Plc
SBS Companhia De Saneamento B
UTILITIES Water Utilities
AWR American State Water Co
WHOLESALE Auto Parts Wholesale
LKQX Lkq Corporation
WHOLESALE Computers Wholesale
GTSI Gtsi Corporation
PRLS Peerless Systems Corp
WHOLESALE Drugs Wholesale
HLF Herbalife
WHOLESALE Electronics Wholesale
ISIG Insignia Systems Inc
RELL Richardson Electrns Ltd
WHOLESALE Industrial Equipment Wholesale
CHNR ChinaNatural Resources
WHOLESALE Medical Equipment Wholesale
PSSI Pss World Medical Inc.
WHOLESALE Wholesale
INT World Fuel Service Corp
--------------------------------------------
NEGATIVE VRs
--------------------------------------------
.. CANADIAN STOCKS ... Canadian Stocks
AEM.UN AGNICO EAGLE MINES
BIR BIRCHCLIFF ENERGY LIM
CPD.UN CLAYMORE S&P/TSX PREFERRED SHR
GIB.A CGI GROUP INC CL A SU CL A
INN INNVEST REAL ESTATE I
K.UN KINROSS GOLD
SLF.UN SUNLIFE FINANCIAL SERTVICES
TPS TURBO POWER SYSTEMS I
--------------------------------------------
U.S. STOCKS:
--------------------------------------------
AEROSPACE/DEFENSE Aerospace/Defense Major Dive
NPO Enpro Industries Inc
AEROSPACE/DEFENSE Aerospace/Defense Products & S
HEI Heico Corp
AUTOMOTIVE Auto Parts
ALV Autoliv Inc
MGA Magna Internat Inc
AUTOMOTIVE Recreational Vehicles
ACAT Arctic Cat Inc
BANKING Foreign Regional Banks
FBP First Bancorp Holding Co
BANKING Money Center Banks
GGAL Grupo Financiero Galicia
TCB Tcf Financial Corp
BANKING Regional - Mid-Atlantic Banks
FNBN Fnb Corp (Nc)
FWV First West Va Bancorp
BANKING Regional - Midwest Banks
MBR Mercantile Bancorp
MCBC Macatawa Bank Corp
BANKING Regional - Northeast Banks
BMTC Bryn Mawr Bank Corp
HBNK Highland Bancorp
BANKING Regional - Pacific Banks
EWBC East West Bancorp Inc
FPTB First Pactrust Bancorp Inc
BANKING Regional - Southeast Banks
USBI United Security Bancshrs
BANKING Regional - Southwest Banks
BANF Bancfirst Corp Oklahoma
FCFC Firstcity Financial Corp
BANKING Savings & Loans
WAYN Wayne Savings Bancshares Inc
CHEMICALS Specialty Chemicals
FUL H.b. Fuller Co
GU Gushan Environmental Energy Li
CHEMICALS Synthetics
HUN Huntsman
LXU Lsb Industries Inc
COMPUTER HARDWARE Computer Peripherals
ELX Emulex Corp
LXK Lexmark International
COMPUTER HARDWARE Diversified Computer Systems
CRAY Cray Incorporated
COMPUTER HARDWARE Networking & Communication Dev
SILC Silicom Ltd
SMCI Super Micro Computer
COMPUTER HARDWARE Personal Computers
AAPL Apple Computer Inc
COMPUTER SOFTWARE & SERVICES Application Software
RNOW Rightnow Technologies Inc
SNCR Synchronoss Technologies Inc
COMPUTER SOFTWARE & SERVICES Business Software & Services
DTLK Datalink Corporation
COMPUTER SOFTWARE & SERVICES Healthcare Information Service
QSII Quality Systems Inc
COMPUTER SOFTWARE & SERVICES Technical & System Software
SNPS Synopsys Inc
CONGLOMERATES Conglomerates
LGL Lynch Corp
TMO Thermo Electron Corp
CONSUMER DURABLES Electronic Equipment
SRSL Srs Labs Inc
CONSUMER DURABLES Recreational Goods
RCRC Rc2 Corp
CONSUMER NON-DURABLES Cleaning Products
ECL Ecolab Inc
CONSUMER NON-DURABLES Office Supplies
EBF Ennis Inc
CONSUMER NON-DURABLES Paper & Paper Products
CVO Cenveo Inc
CONSUMER NON-DURABLES Rubber & Plastics
AEPI Aep Industries Inc
WST West Pharmaceutical Svcs
CONSUMER NON-DURABLES Textile - Apparel Footwear & A
WEYS Weyco Group Inc
DIVERSIFIED SERVICES Business/Management Services
CSS Css Industries Inc
MA MasterCard Inc
DIVERSIFIED SERVICES Education & Training Services
CEU China Education Alliance
DL China Distance Education Holdi
DIVERSIFIED SERVICES Security & Protection Services
LOJN Lo-jack Corp
DIVERSIFIED SERVICES Staffing & Outsourcing Service
CDI Cdi Corp
RHI Robert Half Internat
DIVERSIFIED SERVICES Technical Services
ENG Englobal Corp
DRUGS Biotechnology
CYCC Cyclacel Pharmaceuticals Inc
ZIOP Ziopharm Oncology Inc
DRUGS Diagnostic Substances
ABAX Abaxis Inc
ICCC Immucell Corp
DRUGS Drug Delivery
MTXX Matrixx Initiatives Inc
DRUGS Drug Manufacturers - Other
VRX Valeant Pharmaceuticals
DRUGS Drugs - Generic
PRX Par Pharmaceutical Co Inc
ELECTRONICS Diversified Electronics
IVAC Intevac Inc
WMS Wms Industries Inc
ELECTRONICS Printed Circuit Boards
CLS Celestica Inc
ELECTRONICS Scientific & Technical Instrum
ITRI Itron Inc
PKI Perkinelmer Incorporated
ELECTRONICS Semiconductor - Integrated Cir
BRCM Broadcom Corp Cl A
TO Tech-Ops Sevcon Inc
ELECTRONICS Semiconductor - Specialized
NVEC Nve Corp
ENERGY Independent Oil & Gas
NFX Newfield Exploration
SWN Southwestern Energy Co
ENERGY Oil & Gas Drilling & Explorati
GMET GeoMet Inc
WTI W & T Offshore
ENERGY Oil & Gas Equipment & Services
OIS Oil States Intl
ZN Zion Oil And Gas Inc
ENERGY Oil & Gas Pipelines
DEP Duncan Energy Partners L.P.
ENB Enbridge Inc
FINANCIAL SERVICES Asset Management
AB Alliance Bernstein Holding LP
FIG Fortress Investment Group Llc
FINANCIAL SERVICES Closed End Fund - Debt
AYN Alliance Ny Muni Incm Fd Inc
BFO Blackrock Fl Muni 2020
FINANCIAL SERVICES Closed End Fund - Equity
CFD 40/86 Strategic Income Fd
CGO Calamos Global Total Return Fu
FINANCIAL SERVICES Closed End Fund - Foreign
APB Asia Pacific Fund Inc
JEQ Japan Equity Fund Inc
FINANCIAL SERVICES Credit Services
AXP American Express Co
FINANCIAL SERVICES Diversified Investments
AAV Advantage Energy Income Fund
ESA Energy Services Acquisition Co
FINANCIAL SERVICES Investment Brokerage - Nationa
COWN Cowen Group Inc
KBW KBW Inc
FINANCIAL SERVICES Investment Brokerage - Regiona
FBR Friedman Billings Ramsey
GHL Greenhill & Co
FOOD & BEVERAGE Beverages - Soft Drinks
AKOA Embotelladora Andina A
FOOD & BEVERAGE Confectioners
IPSU Imperial Sugar Company
FOOD & BEVERAGE Farm Products
ALCO Alico Inc
FOOD & BEVERAGE Processed & Packaged Goods
DMND Diamond Foods Inc
PEET Peet's Coffee & Tea
HEALTH SERVICES Home Health Care
FVE Five Star Quality Care Inc
HEALTH SERVICES Hospitals
MGLN Magellan Health Services Inc
HEALTH SERVICES Medical Appliances & Equipment
EW Edwards Life Sciences
STE Steris Corp
HEALTH SERVICES Medical Instruments & Supplies
ATRI Atrion Corporation
HRC Hill-Rom Holdings` Inc.
HEALTH SERVICES Medical Laboratories & Researc
BRLI Bio-Reference Labs Inc
HEALTH SERVICES Specialized Health Services
IPCM Ipc The Hospitalist Company` I
INSURANCE Life Insurance
SLF Sun Life Fncl Svcs Cn
INSURANCE Property & Casualty Insurance
FSR Flagstone Reinsurance Hldgs
TCHC 21st Century Holdings
INTERNET Internet Service Providers
QPSA Quepasa Corporation
INTERNET Internet Software & Services
ADAT Authentidate Holding Corp
GIB Cgi Group Inc
LEISURE Gaming Activities
BYI Bally Technologies Inc
IGT International Game Technology
LEISURE General Entertainment
CCL Carnival Corp
CUK Carnival Plc
LEISURE Lodging
OEH Orient-Express Hotels
LEISURE Resorts & Casinos
STN Station Casinos Inc
LEISURE Restaurants
DRI Darden Restaurants
MAIN Main Street Restaurant Group I
MANUFACTURING Diversified Machinery
AP Ampco-Pittsburgh Corp
BNSO Bonso Electronics Int'l
MANUFACTURING Industrial Electrical Equipmen
ABAT Advanced Battery Tech Inc
ABB Abb Ltd
MANUFACTURING Industrial Equipment & Compone
CIR Circor International Inc
TRS TriMas Corp
MANUFACTURING Metal Fabrication
GTLS Chart Industries Inc
MANUFACTURING Small Tools & Accessories
SCX L.S.Starrett Co. The
MATERIALS & CONSTRUCTION General Contractors
FIX Comfort Systems Usa Inc
MEDIA Broadcasting - TV
TV Grupo Televisa Sa Gdr
MEDIA CATV Systems
DISCA Discovery Holding Co Class A
LBTYA Liberty Global Inc Class A
MEDIA Entertainment - Diversified
DISCK Discovery Communications Inc
GET Gaylord Entertainment Co
MEDIA Marketing Services
VCI Valassis Communications
MEDIA Publishing - Periodicals/News
LEE Lee Enterprises Inc
METALS & MINING Gold
AEM Agnico-Eagle Mines Ltd
CGR Claude Resources Inc
METALS & MINING Industrial Metals & Minerals
BTU Peabody Energy
METALS & MINING Steel & Iron
SID Companhia Siderurgica Na
REAL ESTATE Property Management/Developmen
EJ E-House China Holdings Limited
EMITF Elbit Medical Imaging
REAL ESTATE REIT - Diversified/Industrial
DDR Developers Diversified
DEI Douglas Emmett Inc
REAL ESTATE REIT - Office
BXP Boston Properties Inc
REAL ESTATE REIT - Retail
FRT Federal Realty Investmnt
TCO Taubman Centers Inc
RETAIL Auto Parts Stores
AAP Advance Auto Parts Inc
AZO Autozone Inc
RETAIL Discount
TGT Target Corporation
TJX Tjx Companies Inc
RETAIL Home Furnishing Stores
BBBY Bed Bath & Beyond Inc
SPECIALTY RETAIL Auto Dealerships
RUSHB Rush Enterprises Inc Cl B
SPECIALTY RETAIL Specialty Retail
HAST Hastings Entertainment
SPH Suburban Propane Partnr
SPECIALTY RETAIL Sporting Goods Stores
BGFV Big 5 Sporting Goods Corp
TELECOMMUNICATIONS Telecom Services - Domestic
CNSL Consolidated Communications Il
TELECOMMUNICATIONS Telecom Services - Foreign
SKM Sk Telecom Co Ltd
TEO Telecom Argentina Sa
TELECOMMUNICATIONS Wireless Communications
CHL China Mobile Ltd
NTLS NTELOS Holdings Corp
TRANSPORTATION Air Services
ASR Grupo Aeroport Del Surst
PAC Grupo Aeroportuario Pac S.A.B
TRANSPORTATION Major Airlines
DAL Delta Air Lines Inc
LCC US Airways Group Inc
TRANSPORTATION Railroads
RAIL FreightCar America Inc
UNP Union Pacific Corp
TRANSPORTATION Shipping
TNP Tsakos Energy Navigation
TRANSPORTATION Trucking
ABFS Arkansas Best Corp
FWRD Forward Air Corporation
UTILITIES Diversified Utilities
CMS Cms Energy Corp
TEG Integrys Energy Group` Inc.
UTILITIES Electric Utilities
APWR A-Power Energy Generation Sys
WHOLESALE Auto Parts Wholesale
CRV Coast Distribution Systs
WHOLESALE Drugs Wholesale
CAH Cardinal Health Inc
WHOLESALE Electronics Wholesale
AVT Avnet Inc
AYI Acuity Brands
WHOLESALE Medical Equipment Wholesale
MWIV MWI Veterinary Supply Inc
DISCLAIMER This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of VRTrader.com may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. VRTrader.com staff makes every effort to provide timely information to its subscribers but cannot guarantee s pecific delivery times due to factors beyond our control. Copyright © 2011 VRTrader.com.
Do not duplicate or redistribute in any form.
