Saturday, January 7, 2012

Apple

Most popular stock on Motley Fool:





Barchart technical indicators:

  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 11 new highs and up 7.66% in the last month
  • Relative Strength Index 71.73%
  • Barchart computes a technical support level at 418.02
  • Recently traded at 420.80 with a 50 day moving average of 392.23

Friday, January 6, 2012

Ultra NASDAQ Biotech ETF - BIB

An ETF that has had consistently positive movement is Ultra NASDAQ Biotech ETF (BIB)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 9.96% in the last month
  • Relative Strength Index 70.69
  • Barchart computes a technical support level at 71.68
  • Recently traded at 72.25 with a 50 day moving average of 62.95

Ultra Short Euro - EUO

If you'd like to short the Euro look at Ultrashort Euro ETF (EUO)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 9.36% in the last month
  • Relative strength Index 68.34%
  • Barchart computes a technical support level at 20.66
  • Recently traded at 20.79 with a 50 day moving average of 19.08

Intermediate Muni ETF - ITN

One of the most consistently rising ETFs is Intermediate Muni ETF (ITM)


Barchart technical indicators:
  • 3.22% dividend
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 18 new highs and up 2.27% in the last month
  • Relative Strength Index 82.75%
  • Barchart computes a technical support level at 22.87
  • Recently traded at 22.94 with a 50 day moving average of 22.50

Plains All American Pipeline LP - PAA

This morning I added Plains All American Pipeline (PAA) to the Barchart Van Meerten New High portfolio for positive price momentum:


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 10.16% in the last month
  • Relative Strength Index 83.03%
  • Barchart computes a technical support level at 72.22
  • Traded recently at 73.93 with a 50 day moving average of 67.22

Barchart Morning Call 1/6

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 up +0.55% and Mar S&Ps up +1.70 points. Treasuries are lower, the dollar index climbed to a fresh 11-3/4 month high and most commodities rose on optimism that this morning's Dec U.S. payrolls report will show strength for a second month. The euro fell to a 1-1/4 year low against the dollar after BOF Governor Noyer said in an interview with Europe 1 radio that the euro remains "very strong" and a further decline would help exports. Further undercutting the euro was the -0.5 m/m drop in Dec Euro-Zone economic confidence to 93.3, right on expectations and a 2-year low. Limiting gains in stocks was the -0.8% m/m decline in Nov Euro-Zone retail sales, weaker than expectations of a -0.4% m/m fall, along with a -4.8% m/m plunge in Nov German factory orders, a larger than expected drop of -1.6% m/m and their biggest monthly fall in 2-3/4 years. The ECB continues to be the lender of last resort after Euro-Zone banks parked 455.3 billion euros with them on Thursday, the most since the euro's introduction in 1999.
  • Asian stocks today closed mostly lower with Japan down -1.16%, China +0.62%, Australia -0.83%, South Kore -1.23%, India +0.07%. Japanese stocks closed lower, led by a decline in exporters, on concern the euro's weakness will continue after it fell to an 11-year low against the yen. A fall in Asian shipping companies was also a negative for stocks after the Baltic Dry Index, a measure of shipping costs for commodities, tumbled to its lowest level in 4-1/2 months. Asian technology companies declined, led by chip-related firms, after Nomura Holdings cut its growth forecast for global shipments of dynamic random access memory to 2.7% from 3.7% after prices of the chips plunged. China's Shanghai Stock Index recovered from a 2-3/4 year low and finished higher on speculation the PBOC will cut banks' reserve-requirement ratios as soon as today.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +1.70 points. The US stock market settled mixed on Thursday as concerns over Europe's debt crisis and the weaker-than-expected Dec ISM non-manufacturing index offset better-than-expected U.S. labor market data: Dow Jones -0.02%, S&P 500 +0.29%, Nasdaq Composite +0.81%. The Nasdaq posted a 1-1/2 month high. Bearish factors on Thursday included (1) carry-over weakness from a slide in European stocks on concern that European nations will struggle to finance their debts after France sold 10-year bonds at an average yield of 3.29%, up from 3.18% in Dec and demand weakened for the debt after the bid-to-cover ratio fell to 1.64 from 3.05 in Dec, (2) concern that Europe is falling into recession after Nov German retail sales unexpectedly fell for a second month and Oct Euro-Zone industrial new orders rose less than expected, (3) the smaller-than-expected increase in the Dec ISM non-manufacturing index (+0.6 to 52.6 versus expectations of +1.0 to 53.0), and (4) weakness in retailers after J.C. Penney and Target cut their Q4 earnings forecasts and the Dec ICSC chain stores rose less than expected (+3.5% y/y versus expectation of +4.0% y/y).
  • Bullish factors included (1) the larger-than-expected increase in the Dec ADP employment change which posted its biggest increase in jobs since data began in 2001 (+325,000 versus expectations of +178,000), (2) the larger-than-expected fall in weekly U.S initial unemployment claims (-15,000 to 372,000 versus expectations of -6,000 to 375,000), and (3) a rally in bank stocks after Deutsche Bank AG saw "encouraging signs" for the industry's Q4 earnings.
  • Alcoa (AA) slipped 2.8% in pre-market trading after the biggest U.S. aluminum producer said it will close 12% of its global smelting capacity after the price of aluminum plunged as global supply exceeds demand.
Today's Market Focus
  • March 10-year T-notes this morning are down -3.5 ticks. T-note prices on Thursday rebounded from a 1-week low on the strong Dec ADP employment change but then shed their losses and moved higher on increased safe-haven demand from the European debt crisis: TYH2 +3.5, FVH2 +1.5, EDM2 +0.5. Bullish factors included (1) increased safe-haven demand for Treasuries on concern Europe will struggle to finance its debts after France sold 10-year bonds at an average yield of 3.29%, up from 3.18% in Dec and demand weakened for the debt after the bid-to-cover ratio fell to 1.64 from 3.05 in Dec, (2) concern that Europe is falling into recession after Nov German retail sales unexpectedly fell for a second month and Oct Euro-Zone industrial new orders rose less than expected, and (3) the smaller-than-expected increase in the Dec ISM non-manufacturing index (+0.6 to 52.6 versus expectations of +1.0 to 53.0). Bearish factors included (1) the larger-than-expected increase in the Dec ADP employment change which posted its biggest increase in jobs since data began in 2001 (+325,000 versus expectations of +178,000) and (2) the larger-than-expected fall in weekly U.S initial unemployment claims (-15,000 to 372,000 versus expectations of -6,000 to 375,000).
  • The dollar index this morning is little changed with the dollar/yen -0.01 yen and the euro/dollar +0.08 cents. The dollar on Thursday posted an 11-3/4 month high and settled sharply higher as data showed the U.S. labor market strengthened and concerns grew that Europe's debt crisis is worsening: Dollar Index +0.807, USDJPY +0.405, EURUSD -0.01545. Bullish factors included (1) the slump in the euro to a 1-1/4 year low against the dollar on concern Europe will struggle to finance its debts after France sold 10-year bonds at an average yield of 3.29%, up from 3.18% at a similar auction in Dec and as demand weakened for the debt after the bid-to-cover ratio fell to 1.64 from 3.05 in Dec, (2) signs the U.S. labor market strengthened after weekly initial U.S. unemployment claims fell more than expected and the Dec ADP employment change posted its biggest increase in jobs since data began in 2001, and (3) weaker than expected European economic data on Oct Euro-Zone industrial new orders and the unexpected decline in Nov German retail sales, which is euro negative. Bearish factors included (1) the smaller-than-expected increase in the Dec ISM manufacturing index and (2) the weaker than expected Dec ICSC chain store sales.
  • Feb crude oil prices this morning are up +41 cents a barrel and Feb gasoline is +1.15 cents per gallon. Crude oil prices Thursday settled lower after the dollar strengthened and weekly DOE crude supplies unexpectedly increased: CLG12 -$1.41, RBG12 -4.87. Feb gasoline posted a 2-1/2 month high but erased its gains and closed lower. Bearish factors included (1) the rally in the dollar index to a 11-3/4 month high, which reduces investment demand for commodities, (2) the unexpected increase in weekly DOE crude supplies (+2.21 million bbl versus expectations of a -1.0 million bbl drawdown), (3) the larger-than-expected increase in weekly DOE gasoline inventories to their highest level in 9-1/2 months (+2.48 million bbl to 220.2 million bbl), and (4) the increase in French borrowing costs, which raises concern that Europe will struggle to contain the debt crisis. Bullish factors included (1) the improved US labor market after weekly initial unemployment claims fell more than expected and the Dec ADP employment change rose by the most since data began in 2001 and (2) heightened geopolitical concerns after British Defense Secretary Hammond said the Royal Navy may take military action against Iran if it attempts to block the Strait of Hormuz.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): IHS-IHS Inc. (BEST earnings consensus $0.95), RBN-Robbins & Myers (0.68), PSMT-Pricesmart (0.56), CMC-Commercial Metals (0.29), GBX-Greenbrier Cos. (0.36), AZZ-AZZ Inc. (0.79).
Global Financial Calendar
Friday 1/6/12
United States
0830 ET Dec non-farm payrolls expected +150,000, Nov +120,000. Dec private payrolls (ex-government) expected +175,000, Nov +140,000. Dec unemployment rate expected +0.1 to 8.7%, Nov -0.4 to 8.6%. Dec manufacturing payrolls expected +5,000, Nov +2,000. Dec avg hourly earnings all employees expected +0.2% m/m and +2.1% y/y, Nov -0.1% m/m and +1.8% y/y. Dec avg weekly hours all employees expected unchanged at 34.3, Nov unchanged at 34.3.
0900 ET New York Fed President William Dudley speaks at the New Jersey Bankers Association Economic Forum.
1020 ET Boston Fed President Eric Rosengren delivers a speaks on the economy at the Economic Summit and Outlook 2012 in Hartford, CT.
1240 ET Fed Governor Elizabeth Duke speaks on economic and housing market developments at the Virginia Bankers Association 2012 Financial Forecast.
1300 ET Fed Governor Sarah Raskin speaks on community banking supervision at the Maryland Bankers Association First Friday Economic Outlook Forum.
Euro-Zone
0500 ET Dec Euro-Zone business climate indicator expected -0.02 to -0.46, Nov -0.25 to -0.44.
0500 ET Dec Euro-Zone economic confidence expected -0.5 to 93.2, Nov -1.1 to 93.7.
0500 ET Revised Dec Euro-Zone consumer confidence expected no change at -21.2.
0500 ET Nov Euro-Zone retail sales expected -0.4% m/m and -0.9% y/y, Oct +0.3% m/m and -0.4% y/y.
0500 ET Nov Euro-Zone unemployment rate expected unchanged at 10.3%, Oct +0.1 to 10.3%.
Germany
0600 ET Nov German factory orders expected -1.6% m/m and -1.2% y/y, Oct +5.2% m/m and +5.4% y/y.
Canada
0700 ET Dec Canada net change in employment expected +14,300, Nov -18,600. Dec unemployment rate expected unchanged at 7.4%, Nov +0.1 to 7.4%.

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

Humana - HUM - Barchart Chart of the Day

Barchart.coms Chart of the Day - Humana (HUM)
Related Stocks
HUM - Humana Inc.
Sym Last Chg Pct
HUM 91.68 +1.75 +1.95%
The "Chart of the Day" is Humana (HUM), which showed up on Thursday's Barchart "All Time High" list. Humana on Thursday posted a new all-time high of $91.76 and closed up 1.95%. TrendSpotter has been Long since Nov 29 at $85.48. In recent news on the stock, Barron's on Nov 1 said that Humana's stock would continue to outperform with open enrollment underway for Medicare and with strong trends from lower costs and patient utilization of health services. Humana, with a market cap of $14 billion, is a health services company that facilitates the delivery of health care services through networks of providers to its medical members.

hum_700
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

Thursday, January 5, 2012

Amtrust Financial - AFSI

This morning I deleted Amtrust Financial (AFSI) from the Barchart New High portfolio for negative price momentum.


Barchart technical indicators:
  • 60% Barchart short term sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 15.13% off its recent 1 year high
  • Relative Strength Index 42.51%
  • Recently traded at 23.44 with a 50 day moving average of 25.36

Starbucks - SBUX

NASDAQ 100 stock screened on Barchart:  Starbucks (SBUX)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.15% in the last month
  • Relative Strength Index 62.26%
  • Barchart computes a technical support level at 44.68
  • Recently traded at 46.17 with a 50 day moving average of 43.45

Celegen - CELG

NASDAQ 100 stock screened on Barchart:  Celegene (CELG)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 10.96% in the last month
  • Relative strength Index 62.68%
  • Barchart computes a technical support level at 66.93
  • Recently traded at 67.92 with a 50 day moving average of 64.73

Amgen - AMGN

NASDAQ 100 stock screened from Barchart:  Amgen (AMGN)



Barchart technical indicators:
  • 60% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.74% in the last month
  • Relative Strength Index 68.71%
  • Barchart computes a technical support level at 63.03
  • Recently traded at 63.76 with a 50 day moving average of 58.44


Barchart Morning Call 1/5

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are weaker with the Euro Stoxx 50 down -0.82% and Mar S&Ps down -9.00 points. The dollar and Treasuries rose while commodities generally moved lower as European debt concerns intensified. The euro sank to a fresh 1-1/4 year low against the dollar on concern Europe will struggle to finance its debts after France sold 10-year bonds at an average yield of 3.29%, up from 3.18% in Dec as the bid-to-cover ratio fell to 1.64 from 3.05, while Hungary sold 1-year bills at an average yield of 9.96%, up from a similar sale last month at 7.91% and the highest since 2009. Bank stocks are leading the overall market lower on capital concerns with UniCredit, Italy's biggest bank, down nearly 9% to its lowest level since 1992 after losing 15% yesterday when it announced a rights offer at a 43% discount. Stocks and the euro were also under pressure after Nov German retail sales unexpectedly fell for a second month when it dropped -0.9% m/m, weaker than expectations of a +0.2% m/m increase, while Oct Euro-Zone industrial new orders rose +1.8% m/m and +1.6% y/y, weaker than expectations of +2.5% m/m and +3.3% y/y.
  • Asian stocks today closed lower with Japan down -0.83%, China -0.97%, Australia -1.08%, South Korea -0.28%, India -0.16%. Asian stocks declined as concern over European debt resurfaced. Japanese exporters tumbled when the euro sank to an 11-year low against the yen, which hurts their earnings prospects. The PBOC refrained from selling 3-month bills for a second week, which helped slow increases in money-market rates as banks hoard cash in the run-up to the Chinese New Year holiday. Chinese bank stocks gained on speculation the PBOC will cut lenders' reserve requirements again before the start of the New Year holiday on Jan 23.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -9.00 points. The US stock market on Wednesday settled mixed as lower-than-forecast factory orders and European debt concerns offset strength in automakers and retailers: Dow Jones +0.17%, S&P 500 +0.02%, Nasdaq Composite -0.01%. Bearish factors on Wednesday included (1) carry-over weakness from a slide in European stocks on concern the European debt crisis may worsen after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said "Europe is facing a recession of unknown scope" and Greek Prime Minister Papademos said Greece may face a default by March if it couldn't secure agreement with the Troika on a new economic plan, (2) the weaker-than-expected Nov factory orders (+1.8% versus expectations of +2.0%), and (3) growth concerns in China after Chinese Premier Wen Jiabao said business conditions may be "relatively difficult" this quarter as inflation stays "elevated" and overseas demand weakens.
  • Bullish factors included (1) strength in retailers after ICSC raised its Dec estimate for same-store sales to +4.0% from a previous estimate of +3.8%, (2) a rally in U.S. automakers after the stronger-than-expected Dec sales reports from Ford, GM and Chrysler, and (3) the report from Comscore that US online holiday spending this year was up +15% y/y to $37.2 billion, which reduces recession fears and increases confidence in the U.S. economic outlook.
  • Citigroup (C) fell 1.5% and Bank of America (BAC) slipped 1.2% in pre-market trading on carry-over weakness from a fall in European bank stocks.
Today's Market Focus
  • March 10-year T-notes this morning are up +9 ticks. T-note prices on Wednesday settled lower after the ICSC raised its retail sales estimates for Dec and Dec U.S. auto sales were stronger than expected: TYH2 -5, FVH2 +0.2, EDM2 +1.5. Bearish factors included (1) increased confidence in the U.S. economic outlook after the ICSC raised its Dec estimate for same-store sales to +4.0% from a previous estimate of +3.8%, which reduced the safe-haven demand for Treasuries and (2) the stronger-than-expected Dec sales reports from U.S. automakers Ford, GM and Chrysler, which boosted stocks and undercut Treasuries. Bullish factors included (1) increased safe-haven demand for Treasuries after Greek Prime Minister Papademos said Greece may face a default by March if it couldn't secure agreement with the Troika on a new economic plan and (2) concern the European sovereign debt crisis may worsen after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said "Europe is facing a recession of unknown scope."
  • The dollar index this morning is higher with the dollar/yen +0.13 yen and the euro/dollar -1.12 cents at a fresh 1-1/4 year low. The dollar on Wednesday finished higher after Italy's biggest bank said it needs to raise more capital and European banks parked a record amount of euros with the ECB on Tuesday, signs the European sovereign debt crisis may worsen: Dollar Index +0.518, USDJPY -0.025, EURUSD -0.01069. Bullish factors included (1) the action by UniCredit, Italy's biggest bank, to sell new shares in a 7.5 billion euro offer, which fueled concern other banks will need to raise more capital, (2) the action by European banks to park a record 453.2 billion euros with the ECB on Tuesday, the most since the euro's introduction in 1999 as banks rather park their excess cash with the ECB at the overnight rate of 0.25% and incur a loss rather than lend it for more elsewhere, (3) concerns that Spain may need financial help after the Spanish newspaper Expansion reported that Spain's government may apply for loans from the EU's rescue fund and from the IMF, and (4) comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said "Europe is facing a recession of unknown scope." A bearish factor was the unexpected upward revision to the Dec Euro-Zone PMI composite index, which is euro supportive.
  • Feb crude oil prices this morning are down -66 cents a barrel and Feb gasoline is -1.92 cents per gallon. Crude oil prices settled higher after the EU said it may sanction Iranian oil exports, although a stronger dollar limited gains: CLG12 +$0.26, RBG12 +3.66. Feb crude posted a 6-3/4 month high and Feb gasoline climbed to a 2-1/4 month high. Bullish factors included (1) the statement from an EU spokesman that said the EU is working to sanction Iran's oil exports and banks, which increases geopolitical tensions and may prompt Iran to close the Strait of Hormuz, where one-sixth of the world's crude flows through daily and (2) the outlook for weekly DOE crude inventories to decline when they are reported Thursday. Bearish factors included (1) strength in the dollar, which reduces investment demand for commodities, (2) Bloomberg data that shows Dec OPEC crude output rose to 30.667 million barrels a day, a 3-year high, and (3) concern the European debt crisis will worsen and slow economic growth after the ECB reported overnight deposits from European financial institutions rose to an all-time high. Expectations for Thursday's weekly inventory report from the DOE (released 1-day later due to the New Year's Holiday) are for crude supplies to fall -1.0 million bbl, gasoline stockpiles to increase +1.0 million bbl, distillate inventories to rise +1.0 million bbl and the refinery utilization rate to increase +0.5 to 84.7%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MON-Monsanto (BEST earnings consensus $0.18), APOL-Apollo Group (1.18), FDO-Family Dollar Stores (0.68), MSM-MSC Industrial Direct (0.93), STZ-Constellation Brands (0.52), GPN-Global Payments (0.80), RPM-RPM International (0.39), WOR-Worthington Industries (0.32), HELE-Helen of Troy Ltd. (1.03), TXI-Texas Industries (-0.61), SHLM-A Schulman (0.42).
Global Financial Calendar
Thursday 1/5/12
United States
0730 ET Dec Challenger job cuts, Nov -12.8% y/y.
0815 ET Dec ADP employment change expected +178,000, Nov +206,000.
0830 ET Weekly initial unemployment claims expected -6,000 to 375,000, previous +15,000 to 381,000. Weekly continuing claims expected -31,000 to 3.570 million, previous +34,000 to 3.601 million.
1000 ET Dec ISM non-manufacturing index expected +1.0 to 53.0, Nov -0.9 to 52.0.
1030 ET Dec ICSC chain store sales expected +3.8%, Nov +3.2% y/y.
1100 ET Treasury announces amount of 1-year T-bills (previous $25 billion), 3-year T-notes (previous $32 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Jan 10-12.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0000 ET Dec Japan vehicle sales, Nov +24.1% y/y.
Germany
0200 ET Nov German retail sales expected +0.2% m/m and +0.7% y/y, Oct -0.2% m/m and -0.4% y/y.
France
0245 ET Dec French consumer confidence indicator expected +1 to 80, Nov -3 to 79.
United Kingdom
0430 ET Dec U.K. PMI services expected -0.6 to 51.5, Nov +0.8 to 52.1.
Euro-Zone
0500 ET Oct Euro-Zone industrial new orders expected +2.5% m/m and +3.3% y/y, Sep -6.2% m/m and +1.6% y/y.
0500 ET Nov Euro-Zone PPI expected +0.1% m/m and +5.2% y/y, Oct +0.1% m/m and +5.5% y/y.
Canada
0830 ET Nov Canada industrial product prices expected -0.3% m/m, Oct -0.1% m/m.
0830 ET Nov Canada raw materials price index expected +1.0% m/m, Oct -1.2% m/m.
1000 ET Dec Ivey purchasing mangers index (seasonally adjusted) expected -0.8 to 59.1, Nov +5.5 to 59.9.

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

Brookfield Infrastructure - BIP - Barchart Chart of the Day

Barchart.com's Chart of the Day - Brookfield Infrastructure Partners LP (BIP)
Related Stocks
BIP - Brookfield Infrastructure Partners Lp
Sym Last Chg Pct
BIP 28.58 +0.60 +2.14%
The "Chart of the Day" is Brookfield Infrastructure Partners LP (BIP), which showed up on Wednesday's Barchart "All Time High" list. Brookfield Infrastructure on Wednesday posted a new all-time high of $28.66 and closed up 2.14%. TrendSpotter has been Long since Nov 11 at $26.34. In recent news on the stock, TD Asset Management on Nov 8 reported at 5.49% passive investment in Brookfield Infrastructure. Brookfield Infrastructure on Nov 4 reported Q3 EPS of 39 cents, well above the consensus of 30 cents. Credit Suisse on Nov 2 reinstated research on BIP with an Outperform and a target of $32. Brookfield Infrastructure Partners, with a market cap of $3.6 billion, was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Current assets include ownership and operation of electricity transmission systems and timberlands in North and South America.

bip_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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

Wednesday, January 4, 2012

Abbott Labs - ABT

From today's Barchart New High list:  Abbott Labs (ABT)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 4.34% in the last month
  • Relative Strength Index 64.62%
  • Barchart computes a technical support level at 55.91
  • Recently traded at 56.20 with a 50 day moving average of 54.25

Alnylan Pharma - ALNY

From today's Barchart New High list:  Alnylam Pharmaceuticals (ALNY)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 27.02% on the last month
  • Relative Strength Index 68.01%
  • Barchart computes a technical support level at 8.39
  • Recently traded at 8.65 with a 50 day moving average of 7.50

Smith & Wesson - SWHC

From today's Barchart New High list:  Smith & Wesson (SWHC)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up 52.35% in the last month
  • Relative Strength Index 74.51%
  • Barchart computes a technical support level at 4.34
  • Recently traded at 4.54 with a 50 day moving average of 3.40

Kinder Morgan Management - KMR

From today's Barchart New High list:

(KMR) - Kinder Moragn Management


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 9.64% in the last month
  • Relative Strength Index 87.81%
  • Barchart computes a technical support level at 77.14
  • Recently traded at 78.34 with a 50 day moving average of 70.57

Norwood Financial

From the New High list:

(NWFL) - Norwood Financial


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 14.79% in the last month
  • Relative Strength Index 76.28%
  • Barchart computes a technical support level at 27.60
  • Recently traded at 28.00 with a 50 day moving average of 24.74

Barchart Morning Call 1/4

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mostly lower with the Euro Stoxx 50 down -0.25% and Mar S&Ps down -2.00 points. The dollar and Treasuries strengthened as European bank stocks fell after UniCredit slumped to its lowest level in nearly 3 years when it said it will sell new shares in a 7.5 billion euro offer, fueling concern other banks will need to raise more capital. The euro declined against the dollar on mounting sovereign debt concerns after Euro-Zone banks parked 453.2 billion euros with the ECB on Tuesday, the most since the euro's introduction in 1999 as banks rather park their excess cash with the ECB at the overnight rate of 0.25% and incur a loss rather than lend it for more elsewhere. European stocks were also pressured by comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said "Europe is facing a recession of unknown scope." On the positive side, the Dec Euro-Zone PMI composite was revised up to 48.3 from the originally reported 47.9, while the Dec Euro-Zone CPI estimate fell to +2.8% y/y from +3.0% y/y as expected.
  • Asian stocks today closed mixed with Japan up +1.24%, China -2.00%, Australia +2.11%, South Korea -0.64%, India -0.36%. Japanese exporters rallied and led the broader market higher on earnings optimism after manufacturing activity in the U.S. grew at the fastest pace in 6 months in Dec and China?s manufacturing activity also expanded in Dec. Chinese stocks finished down as they erased an early rally and closed lower after Premier Wen Jiabao said business conditions may be "relatively difficult" this quarter as inflation stays "elevated" and overseas demand weakens. Losses in homebuilders and property developers also helped to drag the overall market lower after Dec Chinese home prices fell for a fourth month when they dropped -0.25% m/m, according to SouFun Holdings Ltd., China's biggest real estate website owner.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -2.00 points. The US stock market on Tuesday started off the year with a bang: Dow Jones +1.47%, S&P 500 +1.55%, Nasdaq Composite +1.67%. Bullish factors on Tuesday included (1) the stronger-than-expected U.S. Dec ISM manufacturing index report of +1.2 to 53.9 (versus expectations of +0.8 to 53.5), (2) the stronger-than-expected Nov construction spending report of +1.2% (although Oct was revised lower to -0.2% from +0.8%), (3) China's report on Sunday that its Dec manufacturing purchasing managers index rose by 1.3 points to 50.3 from 49.0 in November, returning to expansion territory above 50.0, and (4) buying by investment managers on the first day of the New Year.
Today's Market Focus
  • March 10-year T-notes this morning are down -1.5 ticks. T-note prices on Tuesday sold off fairly sharply: TYH2 -18.5, FVH2 -6.5, EDM2 -1.5. Bearish factors included (1) the rally in global stocks, which caused reduced safe-haven demand for Treasury securities, (2) the stronger-than-expected U.S. and global economic data, and (3) some technical selling after last week's rally.
  • The dollar index this morning is stronger with the dollar/yen -0.05 yen and the euro/dollar -0.61 cents. The dollar on Tuesday closed lower: dollar Index -0.667, USDJPY -0.16, EURUSD +0.0116. Bearish factors included (1) reduced safe-haven demand with the rally in global stocks, (2) the lack of any fresh bearish news on the European debt crisis, and (3) long liquidation pressure after the sharp dollar rally seen during November and early-December. The main bullish factor for the dollar was the stronger-than-expected U.S. ISM manufacturing index and construction spending data.
  • Feb crude oil prices this morning are down -74 cents a barrel and Feb gasoline is -1.33 cents per gallon. Crude oil prices rallied sharply on Tuesday: CLG12 +$4.13, RBG12 +0.912. Bullish factors included (1) Iran's continued belligerent statements and Iran's claim that it produced its first nuclear fuel rod, (2) investor buying on the first day of the New Year, (3) the strength in global stocks, (4) the positive economic data, which suggested an improved outlook for fuel demand, and (5) yesterday's sell-off in the dollar, which gave commodity prices in general a boost.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MOS-Mosaic (BEST earnings consensus $1.30).
Global Financial Calendar
Wednesday 1/4/12
United States
0700 ET Weekly MBA mortgage applications, previous -2.6% with purchase mortgage sub-index -4.9% and refinancing sub-index -1.6%.
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
1000 ET Nov factory orders expected +2.0%, Oct -0.4%.
1130 ET Weekly 4-week T-bill auction.
1700 ET Dec total vehicle sales expected 13.50 million, Nov 13.59 million. Dec domestic vehicle sales expected 10.35 million, Nov 10.53 million.
France
0245 ET Nov French consumer spending expected +0.3% m/m and -1.8% y/y, Oct unchanged m/m and -0.9% y/y.
Euro-Zone
0400 ET Revised Dec Euro-Zone PMI composite expected no change at 47.9.
0500 ET Dec Euro-Zone CPI estimate expected +2.8% y/y, Nov +3.0% y/y.
United Kingdom
0430 ET Dec U.K. PMI construction expected -0.3 to 52.0, Nov -1.6 to 52.3.
0430 ET Nov U.K. net consumer credit expected +0.3 billion pounds, Oct unchanged.
0430 ET Nov U.K. mortgage approvals expected 52,800, Oct 52,700.
0430 ET Nov U.K. M4 money supply, Oct -0.3% m/m and -2.7% y/y.
CHI
2130 ET Dec China HSBC services PMI, Nov 52.5.

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Chevron - CVX - Barchart Chart of the Day

Barchart.coms Chart of the Day - Chevron (CVX)
Related Stocks
CVX - Chevron Corp.
Sym Last Chg Pct
CVX 110.37 +3.97 +3.73%
The "Chart of the Day" is Chevron (CVX), which showed up on Tuesday's Barchart "All Time High" and "Gap Up" lists. Chevron on Tuesday rallied to a new all-time high of $110.99 and closed up 3.73%. TrendSpotter has been Long since Dec 22 at $106.31. Chevron rallied yesterday on the sharp $4.13 per barrel rally in Feb crude oil prices to a new 1-1/2 month high of $103.18. Chevron, with a market cap of $214 billion, is the fifth-largest integrated energy company in the world.

cvx_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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

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Technicals Summary
Trader's Cheat Sheet™

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Barchart Snapshot
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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

Tuesday, January 3, 2012

Barchart Morning Call 1/3


Barchart Morning Call
Overnight Developments
  • Global stocks this morning are trading higher with the Euro Stoxx 50 up 0.75% and Mar S&Ps up 22.40 points (+1.8%). The main bullish factors are positive manufacturing data from China and India over the holiday weekend and today's news that Germany's Dec unemployment fell by 22,000 to 2.89 million, which was larger than the expected decline of 10,000. China reported on Sunday that its Dec manufacturing purchasing managers index rose by 1.3 points to 50.3 from 49.0 in November, returning to expansion territory above 50.0. The UK PMI manufacturing index was reported today at +1.9 to 49.6, stronger than expectations for a 0.4 point drop to 47.3. The race is close for today's Republican caucus election in Iowa. Oil prices are up 2.7% this morning as Iran continues its belligerence and said that any U.S. effort to harm its interests will be met with "reciprocal measures." Iran also warned the U.S. not to send its aircraft carrier back into the Persian Gulf. Asian stocks today closed higher with Hong Kong +2.40, Taiwan +1.46, Australia +1.10%, Singapore +1.59%, South Korea +2.98%, and Bombay +2.72%. The Japanese and Chinese stock markets were closed for holidays today.
Overnight U.S. Stock News
  • March S&Ps this morning are trading sharply higher by 22.40 points (+1.8%) on positive global economic data and general optimism coming into the New Year with plenty of cash on the sidelines. The US stock market last Friday settled lower in listless year-end trade as European debt concerns overshadowed the generally upbeat U.S. economic picture: Dow Jones -0.57%, S&P 500 -0.43%, Nasdaq Composite -0.33%. Bearish factors included (1) concern about the European sovereign-debt crisis after Spain revised its 2011 budget deficit to 8% of GDP from a previous estimate of 6% of GDP, which may further hamper efforts to fund its debt, and (2) comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said economic growth in the Euro-Zone "isn't good" and that the economic situation in 2012 may become more "foggy." Bullish factors included (1) carry-over strength from a rally in European stocks after German Finance Minister Schaeuble ruled out a Euro-Zone breakup and said the region is doing everything to maintain confidence in the euro and (2) optimism the U.S. economy can weather the European debt crisis as recent economic data have bolstered U.S. economic prospects into 2012.
Today's Market Focus
  • March 10-year T-notes this morning are down 15.5 ticks on the rally in stocks and reduced safe-haven demand. T-note prices last Friday rallied to a 1-1/2 week high and settled higher on European debt concerns: TYH2 +9.0, FVH2 +5.5, EDM2 +3.5. Bullish factors included (1) increased safe-haven demand for Treasuries after Jean-Claude Juncker, head of the Euro-Zone finance ministers, said economic growth in the Euro-Zone "isn't good" and that the economic situation in 2012 may become more "foggy," and (2) the action by Spain to revise its 2011 budget deficit to 8% of GDP from a previous estimate of 6% of GDP, which may further hamper efforts to fund its debt. Bearish factors include (1) comments from German Finance Minister Schaeuble which dampened safe-haven demand for Treasuries when he ruled out a Euro-Zone breakup and said the region is doing everything to maintain confidence in the euro and (2) the statement from Japan's Ministry of Finance that it refrained from selling yen in the foreign-exchange market in the month through Dec 28, which may slow Japan's purchases of US Treasuries as its dollar holdings from selling yen in he forex market are reduced.
  • The dollar index this morning is down 0.57 points with the dollar/yen down 0.18 yen and the euro/dollar up 1.00 cents. The dollar is lower today on reduced safe-haven demand with the euro seeing some short-covering on the global rally in stocks. The dollar index last Friday settled lower as dollar funding costs for European banks fell and as the yen rose to a 5-week high against the dollar after Japan's Ministry of Finance said it refrained from selling yen in the foreign-exchange market during the past month: Dollar Index -0.281, USDJPY -0.745, EURUSD -0.00017. Bearish factors included (1) the fall in the 3-month cross-currency basis swap to -114 bp below the euro interbank offered rate, its lowest level in 3 weeks and a sign of reduced dollar demand by European banks, (2) the statement by Japan's Ministry of Finance that said Japan refrained from selling yen in the foreign-exchange market in the month through Dec 28, which boosted the yen to a 5-week high against the dollar, and (3) strength in the Chinese yuan which climbed to 6.2940 per dollar, a 17-year high on signs the PBOC favors appreciation to prevent capital outflows. Bullish factors included (1) the action by Spain to revise its 2011 budget deficit to 8% of GDP from a previous estimate of 6% of GDP, which is euro negative and (2) euro negative-comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said economic growth in the Euro-Zone "isn't good" and that the economic situation in 2012 may become more "foggy."
  • Feb crude oil prices this morning are up $2.66 a barrel and Feb gasoline is up 4.56 cents per gallon on the continued belligerence from Iran. Crude oil and gasoline prices last Friday settled lower after Chinese manufacturing contracted in Dec for a second month along with concern the ongoing European debt crisis will slow economic growth: CLG12 -$0.82, RBG12 -1.20. Bearish factors included comments from Jean-Claude Juncker, head of the Euro-Zone finance ministers, who said economic growth in the Euro-Zone "isn't good" and that the economic situation in 2012 may become more "foggy," which may also curtail fuel demand. Bullish factors included (1) the weaker dollar, which boosts investment demand for commodities, and (2) geopolitical concerns as Iran is still holding military maneuvers in the Strait of Hormuz, where 17 million barrels of oil flow through each day according to the DOE.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PRGS-Progress Software (BEST earnings consensus $0.33), TISI-Team Inc. (0.49), CVGW-Calavo Growers (0.23), LNDC-Landec (0.11).
Global Financial Calendar
Tuesday 1/3/12
United States
1000 ET Nov construction spending expected +0.5% m/m, Oct +0.8% m/m.
1000 ET Dec ISM manufacturing index expected +0.5 to 53.2, Nov +1.9 to 52.7. Dec ISM prices paid sub-index expected +2.9 to 47.9, Nov +4.0 to 45.0.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1400 ET Minutes of the Dec 13 FOMC meeting.
Germany
0355 ET Dec German unemployment change expected -10,000, Nov -20,000. Dec unemployment rate expected unchanged at 6.9%, Nov-0.1 to 6.9%.
United Kingdom
0430 ET Dec U.K. PMI manufacturing expected -0.3 to 47.3, Nov -0.2 to 47.6.

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Ecolab - ECL - Barchart Chart of the Day

Barchart.com's Chart of the Day - Ecolab (ECL)
Related Stocks
ECL - Ecolab Inc.
Sym Last Chg Pct
ECL 58.02 +0.21 +0.36%
The "Chart of the Day" is Ecolab (ECL), which showed up on Friday's Barchart "All Time High" list. Ecolab on Friday posted a new all-time high of $58.13 and closed up 0.31%. TrendSpotter has been Long since Nov 30 at $57.02. In recent news on the stock, Ecolab on Dec 1 closed its merger with Nalco and raised its quarterly dividend to 14% to 20 cents per share. Goldman on Dec 2 resumed coverage on Ecolab with a Neutral rating. Ecolab, with a market cap of $17 billion, is the global leader in cleaning, sanitizing, food safety and infection control products and services.

ecl_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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