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    <title>Jim Van Meerten's Instablog</title>
    <description>Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs.  He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.</description>
    <author>
      <name>Jim Van Meerten</name>
    </author>
    <link>http://seekingalpha.com/author/jim-van-meerten/instablog</link>
    <item>
      <title>Forest City Enterprises - Buy Signals</title>
      <link>http://seekingalpha.com/instablog/366229-jim-van-meerten/1880431-forest-city-enterprises-buy-signals?source=feed</link>
      <guid isPermaLink="false">1880431</guid>
      <content>
        <![CDATA[<p>The Chart of the Day is <a href="http://www.barchart.com/quotes/stocks/FCE.A" target="_blank" rel="nofollow">Forest City Enterprises</a> (FCE.A). The stock has both a Trend Spotter buy signal and 96% technical buy signals. The stock is rising rapidly with 20 gains for 17.77% in the last month. The stock was found on the <a href="http://www.barchart.com/stocks/newhilo.php" target="_blank" rel="nofollow">New High List</a>.</p><p>The Company is a national real estate company which acquires, develops, leases and manages residential properties; owns, acquires, develops and manages retail, office and urban entertainment projects; acquires and sells both raw land and developed lots to commercial, industrial and residential users; as well as acting as a wholesale lumber trading company.</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_fcea_cod_5-21.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_fcea_cod_5-21_thumb1.png" /></a></p><p>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.</p><p>Barchart technical indicators:</p><ul><li>96% Barchart technical buy signal</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>20 new highs and up 17.77% in the last month</li><li>Relative Strength Index 84.71%</li><li>Barchat computes a technical support level at 20.00</li><li>Recently traded at 20.25 with a 50 day moving average of 18.16</li></ul><p><br>Fundamental factors:</p><p>&nbsp;</p><ul><li>Market cap $3.66 billion</li><li>P/E 19.35</li><li>Although analysts issued 1 strong buy and a hold recommendations they have not issued revenue and earnings projections</li></ul><p><br>Due to incomplete information this stock is highly speculative and you should sell immediately if upward momentum falters.</p>]]>
      </content>
      <pubDate>Tue, 21 May 2013 16:58:49 -0400</pubDate>
      <description>
        <![CDATA[<p>The Chart of the Day is <a href="http://www.barchart.com/quotes/stocks/FCE.A" target="_blank" rel="nofollow">Forest City Enterprises</a> (FCE.A). The stock has both a Trend Spotter buy signal and 96% technical buy signals. The stock is rising rapidly with 20 gains for 17.77% in the last month. The stock was found on the <a href="http://www.barchart.com/stocks/newhilo.php" target="_blank" rel="nofollow">New High List</a>.</p><p>The Company is a national real estate company which acquires, develops, leases and manages residential properties; owns, acquires, develops and manages retail, office and urban entertainment projects; acquires and sells both raw land and developed lots to commercial, industrial and residential users; as well as acting as a wholesale lumber trading company.</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_fcea_cod_5-21.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_fcea_cod_5-21_thumb1.png" /></a></p><p>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.</p><p>Barchart technical indicators:</p><ul><li>96% Barchart technical buy signal</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>20 new highs and up 17.77% in the last month</li><li>Relative Strength Index 84.71%</li><li>Barchat computes a technical support level at 20.00</li><li>Recently traded at 20.25 with a 50 day moving average of 18.16</li></ul><p><br>Fundamental factors:</p><p>&nbsp;</p><ul><li>Market cap $3.66 billion</li><li>P/E 19.35</li><li>Although analysts issued 1 strong buy and a hold recommendations they have not issued revenue and earnings projections</li></ul><p><br>Due to incomplete information this stock is highly speculative and you should sell immediately if upward momentum falters.</p>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/fce.a/instablogs">fce.a</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/fce.b/instablogs">fce.b</category>
    </item>
    <item>
      <title>Taracept Buy Signals</title>
      <link>http://seekingalpha.com/instablog/366229-jim-van-meerten/1879441-taracept-buy-signals?source=feed</link>
      <guid isPermaLink="false">1879441</guid>
      <content>
        <![CDATA[<p>Today I added <a href="http://www.barchart.com/quotes/stocks/TRGT" target="_blank" rel="nofollow">Taracept</a> (TRGT) to the <a href="http://www.barchart.com/blog/index.php?blog_id=2&amp;title=Van+Meerten+Speculative+Fund" target="_blank" rel="nofollow">Barchart Van Meerten Speculative</a> portfolio for positive price momentum:</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_trgt_5-21.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_trgt_5-21_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>16 new highs and up 28.27% in the last month</li><li>Relative strength Index 78.85%</li><li>Barchart computes a technical support level at 5.38</li><li>Recently traded at 5.58 with a 50 day moving average of 4.58</li></ul>]]>
      </content>
      <pubDate>Tue, 21 May 2013 14:19:24 -0400</pubDate>
      <description>
        <![CDATA[<p>Today I added <a href="http://www.barchart.com/quotes/stocks/TRGT" target="_blank" rel="nofollow">Taracept</a> (TRGT) to the <a href="http://www.barchart.com/blog/index.php?blog_id=2&amp;title=Van+Meerten+Speculative+Fund" target="_blank" rel="nofollow">Barchart Van Meerten Speculative</a> portfolio for positive price momentum:</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_trgt_5-21.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_trgt_5-21_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>16 new highs and up 28.27% in the last month</li><li>Relative strength Index 78.85%</li><li>Barchart computes a technical support level at 5.38</li><li>Recently traded at 5.58 with a 50 day moving average of 4.58</li></ul>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/trgt/instablogs">trgt</category>
    </item>
    <item>
      <title>Gentex Buy Signals</title>
      <link>http://seekingalpha.com/instablog/366229-jim-van-meerten/1879361-gentex-buy-signals?source=feed</link>
      <guid isPermaLink="false">1879361</guid>
      <content>
        <![CDATA[<p>Today I added <a href="http://www.barchart.com/quotes/stocks/GNTX" target="_blank" rel="nofollow">Gentex</a> (GNTX) to the Barchart <a href="http://www.barchart.com/blog/index.php?blog_id=1&amp;title=Van+Meerten+New+High+Fund" target="_blank" rel="nofollow">Van Meerten New High</a> portfolio for positive momentum:</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_gntx_5-21.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_gntx_5-21_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>20 new highs and up 22.67% in the last month</li><li>Relative Strength Index 84.43%</li><li>Barchart computes a technical support level at 25.01</li><li>Recently traded at 25.32 with a 50 day moving average of 21.62</li></ul>]]>
      </content>
      <pubDate>Tue, 21 May 2013 14:00:21 -0400</pubDate>
      <description>
        <![CDATA[<p>Today I added <a href="http://www.barchart.com/quotes/stocks/GNTX" target="_blank" rel="nofollow">Gentex</a> (GNTX) to the Barchart <a href="http://www.barchart.com/blog/index.php?blog_id=1&amp;title=Van+Meerten+New+High+Fund" target="_blank" rel="nofollow">Van Meerten New High</a> portfolio for positive momentum:</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_gntx_5-21.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/21/saupload_gntx_5-21_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>20 new highs and up 22.67% in the last month</li><li>Relative Strength Index 84.43%</li><li>Barchart computes a technical support level at 25.01</li><li>Recently traded at 25.32 with a 50 day moving average of 21.62</li></ul>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/gntx/instablogs">gntx</category>
    </item>
    <item>
      <title>Is The Phoenix Company Too Risky?</title>
      <link>http://seekingalpha.com/instablog/366229-jim-van-meerten/1876441-is-the-phoenix-company-too-risky?source=feed</link>
      <guid isPermaLink="false">1876441</guid>
      <content>
        <![CDATA[<p>The Chart of the Day is The <a href="http://www.barchart.com/quotes/stocks/PNX" target="_blank" rel="nofollow">Phoenix Companies</a> (PNX). It seems on the surface to have some pretty good technical indicators buy I want you to read them all so you can see when a stock seems just too good to be true.</p><p>It is a provider of wealth management products and services offered through a variety of select advisors and financial services firms to serve the accumulation, preservation and transfer needs of the affluent and high net worth market, businesses and institutions. The company refers to its products and services together as its wealth management solutions. The company offers a broad range of life insurance, variable annuity and investment management solutions through a variety of distributors.</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_pnx_cod_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_pnx_cod_5-20_thumb1.png" /></a></p><p>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.</p><p>Barchart technical indicators:</p><ul><li>100% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>20 new highs and up 51.07% in the last month</li><li>Relative Strength Index 89.87%</li><li>Barchart computes a technical support level at 38.32</li><li>Recently traded at 40.79 with a 50 day moving average of 30.12</li></ul><p><br>Fundamental factors:</p><p>&nbsp;</p><ul><li>Market Cap - $236.58 million</li><li>P/E 6.68</li><li>Revenue predicted to decrease 18.50% this year and decline another 6.00% next year</li><li>Earnings are estimated to shrink 212.20% this year but turn around and increase 214.60% next year and continue to increase by 15.00% annually for the next 5 years</li><li>Wall Street analysts issued 1 hold and 1 sell report</li><li>Financial Strength C</li></ul><p>Summary: Although the stock is on the new high you have to look beyond the chart and look for red flags. The stock shot up by 51.07% in the last month and has a Relative Strength Index approaching 90%. Too much, too fast. No analysts have a buy recommendation and the Financial Strength in only a C. Revenue has a negative trend. I hope you look at all the signals and decide this stock just has too much risk and probably not enough upside potential. Always look at all the numbers before you buy.</p>]]>
      </content>
      <pubDate>Mon, 20 May 2013 18:11:53 -0400</pubDate>
      <description>
        <![CDATA[<p>The Chart of the Day is The <a href="http://www.barchart.com/quotes/stocks/PNX" target="_blank" rel="nofollow">Phoenix Companies</a> (PNX). It seems on the surface to have some pretty good technical indicators buy I want you to read them all so you can see when a stock seems just too good to be true.</p><p>It is a provider of wealth management products and services offered through a variety of select advisors and financial services firms to serve the accumulation, preservation and transfer needs of the affluent and high net worth market, businesses and institutions. The company refers to its products and services together as its wealth management solutions. The company offers a broad range of life insurance, variable annuity and investment management solutions through a variety of distributors.</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_pnx_cod_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_pnx_cod_5-20_thumb1.png" /></a></p><p>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.</p><p>Barchart technical indicators:</p><ul><li>100% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>20 new highs and up 51.07% in the last month</li><li>Relative Strength Index 89.87%</li><li>Barchart computes a technical support level at 38.32</li><li>Recently traded at 40.79 with a 50 day moving average of 30.12</li></ul><p><br>Fundamental factors:</p><p>&nbsp;</p><ul><li>Market Cap - $236.58 million</li><li>P/E 6.68</li><li>Revenue predicted to decrease 18.50% this year and decline another 6.00% next year</li><li>Earnings are estimated to shrink 212.20% this year but turn around and increase 214.60% next year and continue to increase by 15.00% annually for the next 5 years</li><li>Wall Street analysts issued 1 hold and 1 sell report</li><li>Financial Strength C</li></ul><p>Summary: Although the stock is on the new high you have to look beyond the chart and look for red flags. The stock shot up by 51.07% in the last month and has a Relative Strength Index approaching 90%. Too much, too fast. No analysts have a buy recommendation and the Financial Strength in only a C. Revenue has a negative trend. I hope you look at all the signals and decide this stock just has too much risk and probably not enough upside potential. Always look at all the numbers before you buy.</p>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/pnx/instablogs">pnx</category>
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    <item>
      <title>Give ETFs Some Consideration</title>
      <link>http://seekingalpha.com/instablog/366229-jim-van-meerten/1876211-give-etfs-some-consideration?source=feed</link>
      <guid isPermaLink="false">1876211</guid>
      <content>
        <![CDATA[<p>I've gotten some questions about using the Barchart <a href="http://www.barchart.com/stocks/newhilo.php" target="_blank" rel="nofollow">New High List</a> to find Exchange Traded Funds (ETFs) that have as good a momentum as stocks. Today I used the ETF column in the New High List and then sorted them for frequency. Then I used to Flipchart feature to go through the sorted list to find charts I think reflect consistent momentum. The list includes <a href="http://www.barchart.com/quotes/etf/CQQQ" target="_blank" rel="nofollow">China Technology ETF</a> (CQQQ), <a href="http://www.barchart.com/quotes/etf/IGM" target="_blank" rel="nofollow">S &amp; P Technology North America IShares</a> (IGM), <a href="http://www.barchart.com/quotes/etf/ONEQ" target="_blank" rel="nofollow">Fidelity NASDAQ Composite Tracking ETF</a> (ONEQ), <a href="http://www.barchart.com/quotes/etf/DSI" target="_blank" rel="nofollow">KLDS 400 Social Index IShares</a> (DSI) and <a href="http://www.barchart.com/quotes/etf/VUG" target="_blank" rel="nofollow">Vanguard Growth ETF</a>(VUG):</p><p><a href="http://www.barchart.com/quotes/etf/CQQQ" target="_blank" rel="nofollow">China Technology ETF</a> (CQQQ)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_cqqq_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_cqqq_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>88% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above it's 20, 50 and 100 day moving averages</li><li>20 new highs and up 19.48% in the last month</li><li>Relative Strength Index 84.70%</li><li>Barchart computes a technical support level at 26.01</li><li>Recently traded at 26.93 with a 50 day moving average of 23.61</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/IGM" target="_blank" rel="nofollow">S &amp; P Technology North American IShares</a> (IGM)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_igm_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_igm_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>19 new highs and up 11.11% in the last month</li><li>Relative Strength Index 74.73%</li><li>Barchart computes a technical support level at 76.15</li><li>Recently traded at 77.11 with a 50 day moving average of 72.72</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/ONEQ" target="_blank" rel="nofollow">Fidelity NASDAQ Composite Tracking ETF</a> (ONEQ)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_oneq_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_oneq_5-20_thumb1.png" /></a></p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>19 new highs and up 9.51% in the last month</li><li>Relative Strength Index 76.00%</li><li>Barchart computes a technical support level at 136.78</li><li>Recently traded at 137.99 with a 50 day moving average of 129.72</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/DSI" target="_blank" rel="nofollow">KLDS 400 Social Index IShares</a> (DSI)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_dsi_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_dsi_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>19 new highs and up 7.45% in the last month</li><li>Relative Strength Index 79.08%</li><li>Barchart computes a technical support level at 61.85</li><li>Recently traded at 62.33 with a 50 day moving average of 58.86</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/VUG" target="_blank" rel="nofollow">Vanguard Growth ETF</a> (VUG)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_vug_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_vug_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>18 new highs and up 7.76% in the last month</li><li>Relative Strength Index 70.46%</li><li>Barchart computes a technical support level at 81.65</li><li>Recently traded at 82.26 with a 50 day moving average of 78.23</li></ul>]]>
      </content>
      <pubDate>Mon, 20 May 2013 17:13:29 -0400</pubDate>
      <description>
        <![CDATA[<p>I've gotten some questions about using the Barchart <a href="http://www.barchart.com/stocks/newhilo.php" target="_blank" rel="nofollow">New High List</a> to find Exchange Traded Funds (ETFs) that have as good a momentum as stocks. Today I used the ETF column in the New High List and then sorted them for frequency. Then I used to Flipchart feature to go through the sorted list to find charts I think reflect consistent momentum. The list includes <a href="http://www.barchart.com/quotes/etf/CQQQ" target="_blank" rel="nofollow">China Technology ETF</a> (CQQQ), <a href="http://www.barchart.com/quotes/etf/IGM" target="_blank" rel="nofollow">S &amp; P Technology North America IShares</a> (IGM), <a href="http://www.barchart.com/quotes/etf/ONEQ" target="_blank" rel="nofollow">Fidelity NASDAQ Composite Tracking ETF</a> (ONEQ), <a href="http://www.barchart.com/quotes/etf/DSI" target="_blank" rel="nofollow">KLDS 400 Social Index IShares</a> (DSI) and <a href="http://www.barchart.com/quotes/etf/VUG" target="_blank" rel="nofollow">Vanguard Growth ETF</a>(VUG):</p><p><a href="http://www.barchart.com/quotes/etf/CQQQ" target="_blank" rel="nofollow">China Technology ETF</a> (CQQQ)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_cqqq_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_cqqq_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>88% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above it's 20, 50 and 100 day moving averages</li><li>20 new highs and up 19.48% in the last month</li><li>Relative Strength Index 84.70%</li><li>Barchart computes a technical support level at 26.01</li><li>Recently traded at 26.93 with a 50 day moving average of 23.61</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/IGM" target="_blank" rel="nofollow">S &amp; P Technology North American IShares</a> (IGM)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_igm_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_igm_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>19 new highs and up 11.11% in the last month</li><li>Relative Strength Index 74.73%</li><li>Barchart computes a technical support level at 76.15</li><li>Recently traded at 77.11 with a 50 day moving average of 72.72</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/ONEQ" target="_blank" rel="nofollow">Fidelity NASDAQ Composite Tracking ETF</a> (ONEQ)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_oneq_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_oneq_5-20_thumb1.png" /></a></p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>19 new highs and up 9.51% in the last month</li><li>Relative Strength Index 76.00%</li><li>Barchart computes a technical support level at 136.78</li><li>Recently traded at 137.99 with a 50 day moving average of 129.72</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/DSI" target="_blank" rel="nofollow">KLDS 400 Social Index IShares</a> (DSI)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_dsi_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_dsi_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>19 new highs and up 7.45% in the last month</li><li>Relative Strength Index 79.08%</li><li>Barchart computes a technical support level at 61.85</li><li>Recently traded at 62.33 with a 50 day moving average of 58.86</li></ul><p><br><a href="http://www.barchart.com/quotes/etf/VUG" target="_blank" rel="nofollow">Vanguard Growth ETF</a> (VUG)</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_vug_5-20.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/20/saupload_vug_5-20_thumb1.png" /></a></p><p>Barchart technical indicators:</p><p>&nbsp;</p><ul><li>96% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 50 and 100 day moving averages</li><li>18 new highs and up 7.76% in the last month</li><li>Relative Strength Index 70.46%</li><li>Barchart computes a technical support level at 81.65</li><li>Recently traded at 82.26 with a 50 day moving average of 78.23</li></ul>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/cqqq/instablogs">cqqq</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/igm/instablogs">igm</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/oneq/instablogs">oneq</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dsi/instablogs">dsi</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/vug/instablogs">vug</category>
      <category type="symbol" link="http://seekingalpha.com/instablog/tag/ETF">ETF</category>
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      <title>Legg Mason - Barchart's Chart Of The Day </title>
      <link>http://seekingalpha.com/instablog/366229-jim-van-meerten/1871221-legg-mason-barchart-s-chart-of-the-day?source=feed</link>
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        <![CDATA[<p>The Chart of the Day is <a href="http://www.barchart.com/quotes/stocks/LM" target="_blank" rel="nofollow">Legg Mason</a> (LM). Lately the stock has terrific momentum and was up in all of the last 20 trading sessions. The stock gained 47.89% in the last 12 months and still has a P/E below the market average. We found the stock by sorting the New High list for frequency.</p><p>It is a holding company which, through its subsidiaries, is principally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities.</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/18/saupload_lm_cod_5-15.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/18/saupload_lm_cod_5-15_thumb1.png" /></a></p><p>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.</p><p>Barchart technical indicators:</p><ul><li>100% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 540 and 100 day moving averages</li><li>20 new highs and up 20.11% in the last month</li><li>Relative Strength Index 81.01%</li><li>Barchart computes a technical support level at 35.22</li><li>Recently traded at 36.13 with a 50 day moving average of 31.88</li></ul><p><br>Fundamental factors:</p><p>&nbsp;</p><ul><li>Market Cap $4.66 billion</li><li>P/E 13.52</li><li>Dividend yield 1.25%</li><li>Financial Strength B+</li><li>Revenue predicted to increase 2.40% this year and another 4.10% next year</li><li>Earnings estimated to grow 183.00% this year, an additional 15.50% next year and continue to compound at an annual rate of 16.67% for the next 5 years</li><li>Wall Street analysts have issued 3 strong buy,7 hold and 4 sell recommendations</li></ul><p><br>Hold unless the stock drops below its 50 day moving average.</p>]]>
      </content>
      <pubDate>Sat, 18 May 2013 13:34:49 -0400</pubDate>
      <description>
        <![CDATA[<p>The Chart of the Day is <a href="http://www.barchart.com/quotes/stocks/LM" target="_blank" rel="nofollow">Legg Mason</a> (LM). Lately the stock has terrific momentum and was up in all of the last 20 trading sessions. The stock gained 47.89% in the last 12 months and still has a P/E below the market average. We found the stock by sorting the New High list for frequency.</p><p>It is a holding company which, through its subsidiaries, is principally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities.</p><p><em>(click to enlarge)</em><a href="http://static.cdn-seekingalpha.com/uploads/2013/5/18/saupload_lm_cod_5-15.png" rel="lightbox" rel="nofollow"><img src="http://static.cdn-seekingalpha.com/uploads/2013/5/18/saupload_lm_cod_5-15_thumb1.png" /></a></p><p>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.</p><p>Barchart technical indicators:</p><ul><li>100% Barchart technical buy signals</li><li>Trend Spotter buy signal</li><li>Above its 20, 540 and 100 day moving averages</li><li>20 new highs and up 20.11% in the last month</li><li>Relative Strength Index 81.01%</li><li>Barchart computes a technical support level at 35.22</li><li>Recently traded at 36.13 with a 50 day moving average of 31.88</li></ul><p><br>Fundamental factors:</p><p>&nbsp;</p><ul><li>Market Cap $4.66 billion</li><li>P/E 13.52</li><li>Dividend yield 1.25%</li><li>Financial Strength B+</li><li>Revenue predicted to increase 2.40% this year and another 4.10% next year</li><li>Earnings estimated to grow 183.00% this year, an additional 15.50% next year and continue to compound at an annual rate of 16.67% for the next 5 years</li><li>Wall Street analysts have issued 3 strong buy,7 hold and 4 sell recommendations</li></ul><p><br>Hold unless the stock drops below its 50 day moving average.</p>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/lm/instablogs">lm</category>
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