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

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Daily Market Commentary for March 26, 2012

BATS Global Markets Inc.?s botched initial public offering Friday could be disastrous for the upstart electronic exchange.
(read more at Millennium-Traders.Com)
http://www.millennium-traders.com/ne...ommentary.aspx


National Association of Realtors reported pending home sales dipped slightly in February as its pending home sales index fell to 96.5% during March from a revised 97.0% in January, although it's still 9.2 percentage points above its year-ago level. "The spring home buying season looks bright because of an elevated level of contract offers so far this year. If activity is sustained near present levels, existing-home sales will see their best performance in five years," said Lawrence Yun, NAR's chief economist. By region pending home sales: rose 6.5%% in the Midwest, dropped 3.0% in the South, fell 2.6% in the West and fell 0.6% in the Northeast. A sale is listed as pending when the contract has been signed but the transaction has not closed while not all contracts lead to closings.

Federal Reserve Chairman Ben Bernanke said Monday improvement in the nation?s labor market since last fall may only be a reversal of large layoffs that hit during the recession, and further improvement may depend on faster economic growth. ?We cannot yet be sure that the recent pace of improvement in the labor market will be sustained,? said Bernanke in a speech to the National Association of Business Economics. Fed Boss said that weak demand is the primary factor behind the weak labor market, not structural issues like lack of employment skills in the workforce. ?What will lead to more hiring and, consequently, further declines in unemployment? The short answer is more-rapid economic growth,? Bernanke said. Bernanke and his allies at the Fed have said they expect rates to remain near zero until late in 2014 and while the drop in the unemployment rate was good news, it seemed somewhat out of sync with the overall pace of growth.

On Monday, the Securities and Exchange Commission charged medical device firm Biomet Inc. with violations of the Foreign Corrupt Practices Act for bribing public doctors in Argentina, Brazil, and China. The SEC said the company continued to break the law for about a decade and was designed to win it more business. Biomet will pay more than $22 million in order to settle the charges. "Biomet's compliance and internal audit functions failed to stop the payments to doctors even after learning about the illegal practices," the SEC said. The SEC alleges that employees and managers at all levels were involved in the scheme, along with its distributors.


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The U.S. markets awoke on Monday morning to find Federal Reserve Chairman Ben Bernanke giving a speech on the economy. Any speech where he leaves the possibility of more QE (quantitative easing) on the table helps the markets jump. Today was no different. The futures took off as he spoke, surging off of the worst week in the markets since December 2011. This was a classic chess move to help the markets survive and stay afloat. While off the highs, the SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.96, +1.27 (+0.91%).

At every turn, Ben Bernanke refuses to take more QE off the table, regardless of the economic strength. Investors continue to believe he will juice the markets like a addict with drugs. However, the duration of each market pop is getting shorter and shorter. In other words, there is a diminishing return to the word of Bernanke.

Ben Bernanke has shown he will go the extra mile to help the stock market go higher. While it ultimately will end in a bubble collapse, he shows no fear. Based on the move today, smart traders are watching to see if this move higher in the SPY will take out the 52 week high at $141.28. In addition, can it last longer than one day. These will be keys to understanding the sustainability of the rally.

Gareth Soloway
InTheMoneyStocks

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So I no longer focus on trading individual stocks i focus on options.

Here What I do find a stock that tradaes on high volume and moves a lot I like to use BAC.

Buy puts or calls(based on what direction you anticipate it to go)

Then if your wrong buy the opposite option to average out and sell when your 10-20% profitable.

Thoughts appreciated im up about 78% on the BAC trade.....

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March 26, 2012 - Aecom Technology (ACM)

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Random Thoughts

The Ps stabilized in their shallow pullback, forming a "flag" type
pattern. The Quack continued to trade sideways. And, the Rusty
dipped but reversed to come back nicely.

Some of the sectors that have lost some momentum as of late came
back on Friday.

Overall, the market and most sectors remain in uptrends.

So what do we do? Coming into today I'm still seeing a few setups.
Therefore, continue to look to add some new positions. Since the
futures are strong, look to take partial profits on existing
positions and trail your stops higher. It's too back there's not a
book explaining all this. Wait! There is: http://www.amazon.com/gp/product/097...SIN=0974765333

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Barchart.com's Chart of the Day - Kinder Morgan (KMI) for Mar 26, 2012

The "Chart of the Day" is Kinder Morgan (KMI), which showed up on Friday's Barchart "All Time High" list. Kinder Morgan on Friday posted a new all-time high of $38.62 and closed up 3.26%. TrendSpotter has been Long since Feb 24 at $33.24. In recent news on the stock, Kinder Morgan said on March 15 that it expects its acquisition of El Paso to close in May. BofA/Merrill on March 20 downgraded the stock to Neutral from Buy due to valuation and left its target at $33. Kinder Morgan, with a market cap of $20 billion, is engaged in energy transportation and storage in North America. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2).

[Abnormal Returns]

Buy or Sell: Buy

Long into Week 13: ALXN, BWLD, CELG, FFIV, HLF, INVN, KORS, MA, PCLN, RAX, RGR, SWI, TNGO, ULTA, VAL, VMW


Add to watchlist, within or near buy range:


Top picks:

GNC ? 33.80 to 35.49

SWI ? 39.85 to 41.84

Additional Picks:

ASPS ? 64.91

BIDU ? 142.59 to 149.72

CELG ? 75.21 to 78.97

CLR ? bounce from 50-day

FFIV ? 130.37 to 136.89

LECO ? bounce from 50-day, or 47.52

MANH ? 47.62 to 50.00 or bounce from 50-day

MELI ? bounce from 50-day

PII ? 70.41 to 73.95

RGR ? 46.78 to 49.12

TDG ? bounce from 50-day

TIBX ? 30.04 to 31.54

VAL ? 47.71 to 50.1

VFC ? 150.1 to 157.61

VMW ? 111.53 to 117.11 (note 5 year chart)