Friday, January 13, 2012

Gold Reserve - GRZ - deleted

Today I deleted Gold Reserve (GRZ) from both the Barchart Van Meerten New High and Barchart Van Meerten Speculative portfolios for poor price performance.


Barchart technical indicators:
  • 72% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 20.68% off its 1 year high
  • Relative strength Index 34.71%


Fastenal - FAST - Moving up

On Barchart Fastenal (FAST) is an NASDAQ 100 stock with positive price momentum


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs an d up 13.13% in the last month
  • Relative Strength Index 69.48%
  • Barchart computes a technical support level at 45.49
  • Recently traded at 45.74 with a 50 day moving average of 41.86

News Corp - NWSA - moving up

On Barchart today News Corp (NWSA) is an NASDAQ 100 stock moving on up


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 15 new highs and up  7.42% in the last month
  • Relative Strength Index 60.82%
  • Barchart computes a technical support level at 18.58
  • Recently traded at 18.55 with a 50 day moving average of 17.35

Amgen - AMGN - Moving up

On Barchart today Amgen (AMGN) is a NASDAQ 100 stock moving up


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 17.01% in the last month
  • Relative Strength Index 75.01%
  • Barchart computes a technical support level at 66.82

Barchart Morning Call 1/13

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 up +0.27% and Mar S&Ps down -1.90 points. European stocks rose and the cost of insuring against default on European sovereign and bank debt fell after Italy sold 4.75 billion euros of bonds, its maximum target, as borrowing costs fell. Italy sold 3-year bonds to yield 4.83%, down from 5.62% at a previous sale last month, which eases concern that it will be able to finance its debt. U.S. stock futures are lower after JPMorgan Chase reported a decline in Q4 rofits. The euro weakened against the dollar and Treasuries rose after ECB Council member Liikanen said that "there's a risk" that economic conditions in the Euro-Zone will continue to worsen. European bank stocks rallied after Handelsblatt reported the European Banking Authority will postpone the annual stress tests for banks usually published in July to allow time for the lenders to get fresh capital to fill gaps documented by the last stress test. In another positive for European banks, the 3-month cross-currency basis swap, the rate banks pay to convert interest payments into dollars, narrowed to 80 bp below the euro interbank offered rate, the lowest in 4-1/2 months.
  • Asian stocks today closed mostly higher with Japan up +1.36%, China -1.68%, Australia +0.36%, South Korea +0.75%, India +0.73%. Japanese stocks closed higher, led by a rally in exporters, after lower Italian and Spanish borrowing costs signaled the worst of the European debt crisis may be past. Chinese stocks settled lower as speculation waned that the government would loosen monetary policies. Real estate developers weakened after the China Daily reported that Beijing Mayor Jinlong pledged to restrict property purchases to cool the real estate market. Data from the PBOC showed that Q4 China foreign-exchange reserves, the world's biggest, fell to $3.18 trillion on Dec 31 from $3.2 trillion on Sep 30, the first quarterly decline since the midst of the Asian financial crisis in Q2 of 1998.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -1.90 points. The US stock market on Thursday fluctuated between gains and losses and finally settled higher as a fall in borrowing costs at debt auctions in Europe and upbeat comments from ECB President Draghi offset disappointing data on weekly U.S. jobless claims and Dec retail sales: Dow Jones +0.17%, S&P 500 +0.23%, Nasdaq Composite +0.51%. The S&P 500 posted a 5-1/4 month high and the Nasdaq rose to a 2-month high. Bullish factors included (1) optimistic comments from ECB President Draghi who said he sees "tentative signs" the Euro-Zone economy is stabilizing, which fueled a rally in European stocks that carried over to U.S. markets and (2) strong demand for debt auctions by Spain and Italy which lowered their yields and eases concern the countries will struggle to finance their debts.
  • Bearish factors yesterday included (1) the larger-than-expected increase in weekly initial U.S. unemployment claims (+24,000 to 399,000 versus expectations of +3,000 to 375,000) and (2) the weaker-than-expected Dec U.S. retail sales (+0.1% and -0.2% less autos versus expectations of +0.3% and +0.3% less autos).
  • JPMorgan Chase (JPM) fell 2.3% in pre-market trading after the bank reported Q4 profit of 90 cents a share as expected, and said weak trading revenues caused net income to fall to $3.73 billion from $4.83 billion in the same period a year earlier.
Today's Market Focus
  • March 10-year T-notes this morning are up +8.5 ticks. T-note prices on Thursday retreated from a 3-week high and settled lower after upbeat comments from ECB President Draghi reduced the safe-haven demand for Treasuries: TYH2 -7.5, FVH2 -2.2, EDM2 +4.0. Bearish factors included (1) optimistic comments from ECB President Draghi who said he sees "tentative signs" the Euro-Zone economy is stabilizing, (2) strong demand for debt auctions by Spain and Italy which lowered their yields and reduced the safe-haven demand for Treasuries, and (3) slack demand for the Treasury's $13 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.60, weaker than the 12-auction average of 2.68. Bullish factors included (1) the larger-than-expected increase in weekly initial U.S. unemployment claims (+24,000 to 399,000 versus expectations of +3,000 to 375,000) and (2) the weaker-than-expected Dec U.S. retail sales (+0.1% and -0.2% less autos versus expectations of +0.3% and +0.3% less autos).
  • The dollar index this morning is higher with the dollar/yen -0.02 yen and the euro/dollar -0.28 cents. The dollar index on Thursday retreated and settled lower after the euro rallied when ECB President Draghi said he saw signs of stabilization in the economy and after Italy and Spain borrowing costs fell when they had successful government debt auctions: Dollar Index -0.581, USDJPY -0.095, EURUSD +0.01081. Bearish factors included (1) strong demand for debt auctions by Spain and Italy which lowered their yields and eased concern the countries will struggle to finance their debts, (2) euro positive comments from ECB President Draghi who said he sees "tentative signs" the Euro-Zone economy is stabilizing, and (3) weaker-than-expected U.S. economic data on weekly jobless claims and Dec retail sales, which is dollar negative. Bullish factors included (1) weakness in the British pound which fell to 3-month low against the dollar after Nov U.K. industrial production fell more than expected and (2) increased safe-haven demand for he dollar after the statement from the IIF that time is "running out" after talks between banks holding Greek debt and Greek officials failed to find an agreement as bondholders say the EU agreement to exchange Greek bonds for new securities with a 5% coupon would leave them with a 65% loss in the net present value of their holdings of Greek government debt, more than the 50% haircut banks had agreed upon back in Oct.
  • Feb crude oil prices this morning are down -8 cents a barrel and Feb gasoline is +0.40 of a cent per gallon. Crude oil and gasoline prices Thursday moved higher as the dollar weakened, the European economic outlook improved and as a strike in Nigeria threatens to reduce global crude supplies but prices tumbled late in the session when an EU official said any EU embargo of Iranian oil will likely be delayed for 6 months: CLG12 -$1.77, RBG12 -3.20. Feb gasoline posted a 2-1/2 moth high but shed its gains and closed lower. Bearish factors included (1) the statement from an EU official that any EU embargo on imports of Iranian crude will likely be delayed for six months to allow some EU members time to find alternative supplies, (2) the larger-than-expected decline in Nov U.K. industrial production, which suggests an economic slowdown, and (3) weak U.S. economic data on Dec retail sales and the larger-than-expected increase in weekly U.S. jobless claims, which signals economic weakness that is negative for energy consumption. Bullish factors included (1) the weaker dollar, which fuels investment demand in commodities, (2) comments from ECB President Draghi who said there are signs the Euro-Zone economy is stabilizing, which would be positive for fuel demand, and (3) a strike by Nigerian oil workers over the government's refusal to reinstate fuel subsidies, which threatens to reduce Nigerian crude output.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): JPM-JPMorgan Chase (BEST earnings consensus $0.90), MSCI-MSCI Inc. (0.44), CRAI-CRA International (0.37), NWPX-Northwest Pipe (0.35).
Global Financial Calendar
Friday 1/13/12
United States
0830 ET Dec import price index expected -0.1% m/m and +8.3% y/y, Nov +0.7% m/m and +9.9% y/y.
0830 ET Nov trade balance expected -$45.0 billion, Oct -$43.5 billion.
0955 ET Preliminary Jan U.S. University of Michigan consumer confidence expected +1.6 to 71.5, Dec +5.8 to 69.9.
1110 ET Fed Governor Elizabeth Duke speaks on ?Regulation and Credit Availability? at the California Bankers Association Bank Presidents Seminar.
1245 ET Richmond Fed President Jeffrey Lacker speaks on the economic outlook to the Risk Management Association of Richmond, VA.
1300 ET Chicago Fed President Charles Evans speaks at the Indiana Bankers Association economic outlook forum.
1315 ET St. Louis Fed President James Bullard speaks on the ?U.S. Economy and Monetary Policy? at the Edward Jones Annual Meeting.
United Kingdom
0430 ET Dec U.K. PPI input prices expected -0.1% m/m and +9.1% y/y, Nov +0.1% m/m and +13.4% y/y.
0430 ET Dec U.K. PPI output prices expected +0.1% m/m and +5.0% y/y, Nov +0.2% m/m and +5.4% y/y.
0430 ET Dec U.K. PPI output core prices expected unchanged m/m and +3.2% y/y, Nov unchanged m/m and +3.2% y/y.
Euro-Zone
n/a EU Financial-Services Commissioner Michel Barnier meets with ECB Council member and BOF President Christian Noyer in Paris.

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

Wyndham Worldwide - WYN - Barchart Chart of the Day

Barchart.com's Chart of the Day - Wyndham Worldwide (WYN)
Related Stocks
WYN - Wyndham Worldwide Corp
Sym Last Chg Pct
WYN 39.44 -0.06 -0.15%
The "Chart of the Day" is Wyndham Worldwide (WYN), which showed up on Thursday's Barchart "All Time High" list. Wyndham on Thursday posted a new all-time high of $39.59 and closed up 1.39%. TrendSpotter has been Long since Dec 20 at $35.97. In recent news on the stock, Jefferies on Nov 22 initiated coverage on Wyndham with a Buy and a target of $49. Susquehanna on Oct 27 reiterated its Positive rating and raised its target to $42 from $39. Wyndham Worldwide, with a market cap of $6 billion, operates in the lodging, vacation exchange and rentals, and vacation ownership segments of the hospitality industry.

wyn_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: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% 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 12, 2012

Quicksilver - ZQK - moving up

On today's Barchart new highs S&P 600 smallcap list: Quicksilver - ZQK


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 25.16% in the last month
  • Relative strength Index 65.59%
  • Barchart computes a technical support level at 3.77
  • Recently traded at 3.98 with a 50 day moving average of 3.34

Meadowbrook Insurance - MIG

On Barchart's new high list for the S&P 600 smallcaps:  Meadowbrook Insurance (MIG)

Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.39% in the last month
  • Relative Strength Index 67.91% 
  • Barchart computes a technical support level at 11.05
  • Recently traded at 11.24 with a 50 day moving average of 10.38

Perficient - PRFT - Moving up

On the S&P 600 smallcap new high list on Barchart this morning:  Perficient (PRFT


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 16 new highs and up 37.90% in the last month
  • Relative Strength Index 70.93%
  • Barchart computes a technical support level at 10.40
  • Recently traded at 10.77 with a 50 day moving average of 9.26

Barchart Morning Call 1/12

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 up +0.43% and Mar S&Ps up +7.10 points at a 5-1/4 month high. As expected, the BOE maintained its benchmark rate at 0.50% and held the asset purchase target at 275 billion pounds following its policy meeting. European and U.S. stocks rose, the dollar and Treasuries weakened and most commodities gained with copper at a 1-month high, after Spain sold twice the maximum target of bonds and Italy sold 12 billion euros of bills, easing concern the countries will struggle to finance their debts. Spain sold 9.98 billion euros of notes, compared with a target of 5 billion euros, while Italy sold 1-year bills at 2.735%, less than half the 5.952% that they sold at a similar auction last month. The British pound fell to a 3-month low against the dollar after Nov U.K. industrial production fell -0.7% m/m and -3.1% y/y, weaker than expectations of -0.1% m/m and -2.2% y/y, with the -3.1% y/y plunge the largest decline in nearly 2 years. On a bright note, Dec German CPI (EU harmonized) was unexpectedly revised lower to +0.7% m/m and +2.3% y/y from the originally reported +0.8% m/m and +2.4% y/y, with the +2.3% y/y increase the smallest in 9 months.
  • Asian stocks today closed mostly lower with Japan down -0.74%, China -0.02%, Australia -0.16%, South Korea +1.09%, India -0.86%. Chinese stocks closed little changed after Dec China CPI fell for a fifth month to a 15-month low of +4.1% y/y, although stronger than expectations of +4.0% y/y. Japanese stocks closed lower, led by a slide in exporters, after the Nov Japan current-account surplus narrowed 86% to 138.5 billion yen ($1.8 billion), more than expectations of a 248.4 billion yen surplus and the smallest surplus in 2-3/4 years as a strong yen and slowing growth in Europe and China dampened demand for Japanese goods. Stocks in India closed lower despite Nov India industrial production rising +5.9% y/y, stronger than expectations of +2.1% y/y and a sign that consumer and business demand is withstanding the RBI's recent interest rate hikes.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +7.10 points at a 5-1/4 month high. The US stock market on Wednesday settled mixed as a rally in homebuilder stocks was offset by concern that Europe's debt crisis will stifle global economic growth: Dow Jones -0.10%, S&P 500 +0.03%, Nasdaq Composite +0.31%. Bearish factors yesterday included (1) carry-over weakness from a decline in European stocks on concern the European debt crisis may worsen and curb economic growth after Nov Spain industrial production contracted by the most in 2 years (-7.0% y/y), (2) comments from David Riley, the head of sovereign ratings at Fitch Ratings, who said the ECB should boost bond purchases to support Italy and prevent a "cataclysmic" collapse of the euro, and (3) comments from Richmond Fed President Lacker who said "some of the more persistent headwinds the economy is facing are more serious than we thought."
  • Bullish factors included (1) a rally in homebuilding stocks after Lennar, the third-biggest U.S. homebuilder, reported a 20% y/y jump in Q4 orders, (2) comments from Chicago Fed President Evans who said signs of improvement in the economy are modest and the Fed should push forward with "substantial" easing, and (3) the upbeat Fed Beige Book that said the economy "expanded at a modest to moderate pace" across most of the U.S. from late November through the end of December.
Today's Market Focus
  • March 10-year T-notes this morning are down -4.5 ticks. T-note prices on Wednesday rallied to a 3-week high and remained firm most of the day on increased safe-haven demand from the ongoing European debt crisis along with dovish comments from Chicago Fed President Evans: TYH2 +15.5, FVH2 +5.7, EDM2 +3.5. Bullish factors included (1) increased safe-haven demand for Treasuries after David Riley, the head of sovereign ratings at Fitch Ratings, said the ECB should boost bond purchases to support Italy and prevent a "cataclysmic" collapse of the euro, (2) comments from Chicago Fed President Evans who said signs of improvement in the economy are modest and the Fed should push forward with "substantial" easing, and (3) decent demand for the Treasury's $21 billion auction of 10-year T-notes that had a bid-to-cover ratio of 3.29, stronger than the 12-auction average of 3.14. Bearish factors included (1) hawkish comments from Philadelphia Fed President Plosser who said the Fed should watch the risk of accelerating mid-term inflation "very carefully" after injecting record stimulus into the economy, (2) the Fed Beige Book that said the economy "expanded at a modest to moderate pace" across most of the U.S. from late November through the end of December, and (3) supply pressures ahead of the Treasury's $13 billion auction of 30-year T-bonds on Thursday.
  • The dollar index this morning is weaker with the dollar/yen unchanged and the euro/dollar +0.68 cents. The dollar index on Wednesday settled higher as the euro slumped to a 1-1/3 year low against the dollar lower on concern the European debt crisis may worsen: Dollar Index +0.546, USDJPY +0.007, EURUSD -0.00714. Bullish factors included (1) increased safe-haven demand for the dollar after comments from David Riley, the head of sovereign ratings at Fitch Ratings, who said the ECB should boost bond purchases to support Italy and prevent a "cataclysmic" collapse of the euro, and (2) the larger-than-expected decline in Nov Spain industrial production which dropped by the most in 2 years (-7% y/y) and is euro negative. Bearish factors included (1) strong demand for a German auction of 5-year notes after Germany received bids on 8.97 billion euros of 5-year notes on auction today, more than double the maximum sales target of 4 billion euros, (2) dollar negative comments from Chicago Fed President Evans who said signs of improvement in the economy are modest and warrant "substantial" monetary stimulus from the Fed, which suggests he favors implementation of QE3, and (3) reduced demand for dollars by European banks after the 3-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, shrank to 89 points below the euro interbank offered rate, the lowest in 3-3/4 months.
  • Feb crude oil prices this morning are up +$1.33 a barrel and Feb gasoline is +2.39 cents per gallon. Crude oil and gasoline prices Wednesday fell back and settled lower as the dollar strengthened, weekly DOE inventories rose more than expected and fuel demand weakened: CLG12 -$1.37, RBG12 -0.95. Bearish factors included (1) the stronger dollar, which cuts investment demand in commodities, (2) the larger-than-expected increases in weekly DOE inventories after crude supplies rose +4.96 million bbl, stronger than expectations of +1.0 million bbl, while gasoline stockpiles climbed +3.61 million bbl to a 9-3/4 month high of 223.8 million bbl, and (3) slack demand after U.S. gasoline demand for the week ended Jan 6 slipped -4.4% to 8.18 million barrels per day, the lowest in nearly 9 years. Bullish factors included (1) rising tension over Iran's nuclear program after an Iranian nuclear scientist was killed in a car bomb attack and (2) comments from Chicago Fed President Evans who said the Fed should push forward with "substantial" monetary stimulus, which may boost economic growth and energy demand.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): n/a (BEST earnings consensus $0.00).
Global Financial Calendar
Thursday 1/12/12
United States
0830 ET Weekly initial unemployment claims expected +3,000 to 375,000, previous -15,000 to 372,000. Weekly continuing claims expected -5,000 to 3.590 million, previous -22,000 to 3.595 million.
0830 ET Dec retail sales expected +0.3% and +0.3% less autos, Nov +0.2% and +0.2% less autos.
1000 ET Nov business inventories expected +0.4%, Oct +0.8%.
1100 ET Treasury announces amount of 10-year TIPS to be auctioned Jan 19.
1300 ET Treasury auctions $13 billion 30-year T-bonds.
1400 ET Dec monthly budget statement expected -$83.2 billion, Nov -$137.3 billion.
1630 ET Weekly money supply report and Fed balance sheet.
Japan
0000 ET Dec Japan eco watchers survey current, Nov 45.0. Dec eco watchers survey outlook, Nov 44.7.
0100 ET Dec Japan machine tool orders, Nov +15.8% y/y.
2300 ET Dec Japan bankruptcies, Nov +3.2% y/y.
France
0130 ET Dec French CPI (EU harmonized) expected +0.3% m/m and +2.5% y/y, Nov +0.3% m/m and +2.7% y/y.
Germany
0200 ET Revised Dec German CPI (EU harmonized) expected no change at +0.8% m/m and +2.4% y/y.
United Kingdom
0430 ET Nov U.K. industrial production expected -0.1% m/m and -2.2% y/y, Oct -0.7% m/m and -1.7% y/y.
0430 ET Nov U.K. manufacturing production expected -0.2% m/m and -0.5% y/y, Oct -0.7% m/m and +0.3% y/y.
0700 ET BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate and no change to the 275 billion pound asset purchase target).
Euro-Zone
0500 ET Nov Euro-Zone industrial production expected -0.2% m/m and +0.3% y/y, Oct -0.1% m/m and +1.3% y/y.
0745 ET ECB announces interest rate decision (expected no change to the 1.00% 2-week refinancing rate).
0830 ET ECB President Mario Draghi speaks at monthly press conference.
Canada
0830 ET Nov Canada new housing price index expected +0.2% m/m, Oct +0.2% m/m and +2.5% y/y.

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

IHS Inc - IHS - Barchart Chart of the Day

Barchart.coms Chart of the Day - IHS Inc (IHS)
Related Stocks
IHS - Ihs Inc.
Sym Last Chg Pct
IHS 91.57 +0.46 +0.50%
The "Chart of the Day" is IHS Inc (IHS), which showed up on Wednesday's Barchart "All Time High" list. IHS on Wednesday posted a new all-time high of $91.74 and closed up 0.50%. TrendSpotter just turned Long again on IHS on Tuesday at $91.11. In recent news on the stock, RW Baird on Jan 9 reiterated its Outperform rating and raised its target to $95 from $92 due to strong sales growth in certain segments. IHS on Jan 6 reported Q4 adjusted EPS of 99 cents, above the consensus of 93 cents. IHS Inc, with a market cap of $5.8 billion, is a leading global provider of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics, and automotive.

ihs_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: 60% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 88% 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 11, 2012

Mineral Technologies - MTX

On Barchart's S&P midcap 400 new high list today:  Minerals Technologies (MTX)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 6.86% in the last month
  • Relative Strength Index 61.83%
  • Barchart computes a technical support level at 59.98
  • Recently traded at 60.31 with a 50 day moving average of 56.44

Cullen/Frost Bankers - CFR

On the S&P midcap 400 new high list today on Barchart: Cullen/Frost Bankers (CFR)


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 6.41% in the last month
  • Relative Strength Index 64.87%
  • Barchart computes a technical support level at 55.36
  • Traded recently at 55.44 with a 50 day moving average of 51.09

Washington Federal - WFSL - moving

From today's S&P midcap 400 new high list on Barchart:  Washington Federal (WFSL)


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 10.07% in the last month
  • Relative Strength Index 63.76%
  • Barchart computes a technical support level at 14.47
  • Recently traded at 14.64 with a 50 day moving average of 13.51



Barchart Morning Call 1/11

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -1.01% and Mar S&Ps down -5.40 points. The dollar index and Treasuries rose and commodities were mixed, although Feb gold and Mar copper both climbed to 3-1/2 week highs. The euro weakened against the dollar after Nov Spain industrial production slid -7.0% y/y, weaker than expectations of -5.4% y/y and the biggest decline in 2 years. Another negative for stocks and the euro were comments from David Riley, the head of sovereign ratings at Fitch Ratings who said the ECB should boost bond purchases to support Italy and prevent a "cataclysmic" collapse of the euro. German bunds rallied after Germany received bids on 8.97 billion euros of 5-year notes on auction today, more than double the maximum sales target of 4 billion euros. European banks continue to refrain from lending as they remain wary of counter-party risk when they parked a record 486 billion euros in overnight deposits at the ECB on Tuesday.
  • Asian stocks today closed mixed with Japan up +0.30%, China -0.48%, Australia +0.85%, South Korea -0.36%, India +0.07%. Asian markets finished mostly higher as exporters advanced as optimism about the U.S. economy tempered concern the European debt crisis will worsen. Raw material producers gained as copper climbed to a 3-1/2 week high, while a rally in Indian retailers led India's stock market higher after the government removed a limit on foreign investment in single-brand store chains, which paves the way for international companies such as Starbucks and Ikea to operate in the country without a local partner. Chinese stocks closed lower, led by a fall in phone companies amid concern increased competition will hurt profits as China Telecom, the third-biggest phone carrier in China, moves closer to getting government approval to offer Apple's iPhone.
Overnight U.S. Stock News
  • March S&Ps this morning are trading down -5.40 points. The US stock market on Tuesday moved higher on increased economic optimism amid speculation China may loosen its monetary policy to spur growth: Dow Jones +0.56%, S&P 500 +0.89%, Nasdaq Composite +0.97%. The S&P 500 and the Dow posted 5-1/4 month highs and the Nasdaq climbed to a 2-month high. Bullish factors yesterday included (1) strength in commodity producers on speculation China will loosen its monetary policies to spur growth after Dec China exports climbed at the slowest pace in 10 months and Dec Chine imports rose at the weakest pace in over 2 years, and (2) comments from San Francisco Fed President Williams it's "vital" for the Fed to aid the U.S. economy "suffering" from high unemployment, anemic spending and a weak housing market, and that he sees a "strong" case for more Fed purchases of mortgage bonds given his expectations that inflation will fall below 1.5% this year.
  • Bearish factors included (1) concern the European sovereign debt crisis may worsen after Fitch Ratings said that Italy faces a "significant chance" of a downgrade when it reviews all European sovereigns at the end of this month, (2) comments from ECB Council member Nowotny who said he sees Euro-Zone growth at zero this year with the risk of a "velvet recession" in the Euro-Zone, and (3) comments from Cleveland Fed President Pianalto who said the U.S. economic recovery is "frustratingly slow" due to "headwinds" such as "depressed" housing markets, the sovereign debt crisis in Europe and government spending cuts.
  • Microsoft (MSFT) fell 1.0% in pre-market trading after the company said industrywide sales of personal computers in Q4 will probably be lower than analysts projected because supply was hurt by flooding in Thailand.
Today's Market Focus
  • March 10-year T-notes this morning are up +4.5 ticks. T-note prices on Tuesday fluctuated between gains and losses and settled slightly lower as a rally in stocks reduced the safe-haven demand for Treasuries and offset dovish Fed commentary and heightened European sovereign debt risks: TYH2 -4.5, FVH2 -2.0, EDM2 +0.5. Bearish factors included (1) reduced safe-haven demand for Treasuries after the S&P 500 rallied to a 5-1/4 month high and (2) supply pressures ahead of the Treasury's $21 billion auction of 10-year T-notes on Wednesday. Bullish factors included (1) comments from Cleveland Fed President Pianalto who said the U.S. economic recovery is "frustratingly slow" due to "headwinds" such as "depressed" housing markets, the sovereign debt crisis in Europe and government spending cuts, (2) comments from San Francisco Fed President Williams that it's "vital" for the Fed to aid the U.S. economy "suffering" from high unemployment, anemic spending and a weak housing market, and that he sees a "strong" case for more Fed purchases of mortgage bonds given his expectations that inflation will fall below 1.5% this year, (3) increased safe-haven demand for Treasuries on concern the European sovereign debt crisis will worsen after Fitch Ratings said that Italy faces a "significant chance" of a downgrade when it reviews all European sovereigns at the end of this month, and (4) record demand for the Treasury's $32 billion 3-year T-note auction that had a bid-to-cover ratio of 3.73, higher than the 12-auction average of 3.26 and the highest since at least 1993 when the government began releasing the data.
  • The dollar index this morning is higher with the dollar/yen +0.10 yen and the euro/dollar -0.75 cents. The dollar index on Tuesday settled lower on reduced safe-haven demand as stocks rallied and after the euro gained when Nov French industrial production unexpectedly increased: Dollar Index -0.246, USDJPY +0.003, EURUSD +0.00129. Bearish factors included (1) reduced safe-haven demand for the dollar as the S&P 500 rallied to a 5-1/4 month high, (2) strength in the euro after the Dec Bank of France business sentiment and Nov French industrial production both unexpectedly increased, and (3) comments from San Francisco Fed President Williams who said it's "vital" for the Fed to support a U.S. economy hobbled by high unemployment, anemic spending and a weak housing market, which suggests he may favor additional Fed stimulus measures. Bullish factors included (1) comments from ECB Council member Nowotny who said he sees Euro-Zone growth at zero this year with the risk of a "velvet recession" in the Euro-Zone, (2) the action by the Bank of Portugal to reduce its 2012 Portuguese GDP estimate to -3.1% contraction, larger than an Oct estimate of -2.2%, which may make it harder to refinance its debt and worsen the European debt crisis, and (3) the statement from Fitch Ratings that Italy faces a "significant chance" of a downgrade when it reviews all European sovereigns at the end of this month, which undercut the euro and boosted the safe-haven demand for the dollar.
  • Feb crude oil prices this morning are down -83 cents a barrel and Feb gasoline is -1.13 cents per gallon. Crude oil and gasoline prices Tuesday settled higher as a rally in global equity markets raised economic optimism along with growing concern that geopolitical tensions with Iran may lead to a disruption of global crude supplies: CLG12 +$0.93, RBG12 +1.38. Feb gasoline posted a 2-1/2 month high. Bullish factors included (1) the weaker dollar, which boosts investment demand in commodities, (2) the rally in the S&P 500 Index to a 5-1/4 month high, which boost optimism in the economic outlook and energy demand and (3) geopolitical concerns after the EU brought forward a meeting on a possible oil embargo against Iran to Jan 23 from Jan 30. Bearish factors included (1) concern that the Chinese economy is slowing after Dec China exports slowed to their least in 10 months while Dec China imports rose at the weakest pace in over 2 years, which may reduce energy demand and consumption in the world's second-largest consumer of crude oil and (2) reduced demand for heating oil due to the unseasonably warm U.S. winter this far after data from the U.S. Climate Prediction Center showed average heating days in the U.S. have failed to reach normal levels for 11 straight weeks. Expectations for the weekly inventory report from the DOE are for crude oil supplies to increase +1.0 million bbl, gasoline stockpiles to gain +2.5 million bbl, distillates to rise 2.25 million bbl and the refinery utilization rate to gain +0.5 to 85.5%.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): LEN-Lennar (BEST earnings consensus $0.15), SVU-SuperValu (0.25), FUL-HB Fuller (0.59), RELL-Richardson Electronics Ltd. (0.10).
Global Financial Calendar
Wednesday 1/11/12
United States
0700 ET Weekly MBA mortgage applications, previous -4.1% with purchase mortgage sub-index -9.6% and refinancing sub-index -2.5%.
0840 ET Chicago Fed President Charles Evans speaks to the Rotary Club of Lake Forest, Illinois.
0900 ET Atlanta Fed President Dennis Lockhart speaks on the U.S. economy at an event in Atlanta.
1230 ET Philadelphia Fed President Charles Plosser speaks on the economic outlook at an event in Rochester, NY.
1300 ET Treasury auctions $21 billion 10-year T-notes.
1400 ET Fed?s Beige Book.
Japan
0000 ET Nov Japan coincident index CI expected 90.3, Oct 91.4. Nov leading index CI expected 92.9, Oct 92.0.
CHI
2030 ET Dec China PPI expected +1.6% y/y, Nov +2.7% y/y. Dec CPI expected +4.0% y/y, Nov +4.2% y/y.

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

Oneok - OKE - Barchart Chart of the ay

Barchart.coms Chart of the Day - ONEOK (OKE)
Related Stocks
OKE - Oneok
Sym Last Chg Pct
OKE 88.16 +1.40 +1.61%
The "Chart of the Day" is ONEOK (OKE), which showed up on Tuesday's Barchart "All Time High" list. ONEOK on Tuesday posted a new all-time high of $88.38 and closed up 1.61%. TrendSpotter has been Long on the stock for about 3 months since Oct 18 at $72.25. In recent news on the stock, Morgan Stanley on Nov 15 upgraded ONEOK to Overweight from Equal Weight and raised its price target to $93 from $82 based on growth from Bakken and Mid-Continent and the company's dividend growth. ONEOK, with a market cap of $9 billion, is engaged in the natural gas business.

oke_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: 80% 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

Google - GOOG




Barchart technical indicators:
  • Only an 8% Barchart technical buy signal
  • Trend Spotter hold signal
  • Although below its 20 day moving average it is still above its 50 and 100 day moving averages
  • Only 7.20% off its 1 year high
  • Relative Strength Index 45.92%
  • Barchart computes a technical support level at 607.34
  • Recently traded at 622.56 with a 50 day moving average of 614.75

Tuesday, January 10, 2012

Home Depot - HD - Moving on up

On Barchart's S&P 500 new highs list Home Depot (HD) is moving on up:


Brachart 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 8.10% in the last month
  • Relative Strength Index 74.21%
  • Barchart computes a technical support level at 43.04
  • Recently traded at 43.64 with a 50 day moving average of 39.39

General Electric - GE - Moving on up

On Barchart's S&P new high list General Electric (GE) is on the move:


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 11.88% in the last month
  • Relative Strength Index 72.01%
  • Barchart computes a technical support level at 18.49
  • Recently traded at 18.82 with a 50 day moving average of 16.70

Time Warner - TWX - moving on up

ON Barchart this morning Time Warner (TWX) is on the S&P new high list:


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 6.91% in the last month
  • Relative Strength Index 66.03%
  • Barchart computes a technical support level at 36.73
  • Recently traded at 37.01 with a 50 day moving average of 34.66

Barchart Morning Call 1/10

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are higher with the Euro Stoxx 50 up +1.24% and Mar S&Ps up +11.10 points at a 5-1/4 month high. The rally in stocks has undercut the safe-haven demand for the dollar and Treasuries, while commodities gained with gold at a 2-week high. European carmakers rallied and led the broader marker higher as Bayerische Motoren Werke AG, Daimler AG and Audi AG, owned by Volkswagen, said they plan to beat auto industry growth estimates in 2012 following record sales last year. An unexpected increase in Nov French industrial production which rose +1.1% m/m and +0.9% y/y, stronger than expectations of -0.1% m/m and -0.4% y/y, also helped to lift stocks. Limiting gains in the euro was the statement by Fitch Ratings that Italy faces a "significant chance" of a downgrade as they review all of the European sovereigns and will make a decision by the end of the month. The European banking system remains under stress after the ECB reported that overnight deposits from European lenders to the ECB on Monday rose to a record 481.93 billion euros, which fuels concern of a credit crunch as banks remain wary of lending due to counter-party risk.
  • Asian stocks today closed higher with Japan up +0.38%, China +3.33%, Australia +1.14%, South Korea +1.54%, India +2.22%. China's Shanghai Stock Index rallied sharply for a second day and posted a 3-week high after slowing trade data boosted speculation the government may loosen monetary policy to spur economic growth. Dec China exports rose +13.4% y/y, right on expectations but the slowest pace of growth in 10 months, while Dec China imports rose +11.8% y/y, weaker than expectations of +18.0% y/y and the weakest pace of growth in over 2 years. Other Asian stock markets also closed higher, led by gains in exporters, after Nov U.S. consumer credit had its biggest increase in a decade and boosted exporters' earnings prospects. Weakness in shipping companies limited gains in Asian stocks though, after the Baltic Dry Index, a measure of shipping costs for commodities, fell 2.9% to its lowest in 4-3/4 months.
Overnight U.S. Stock News
  • March S&Ps this morning are trading up +11.10 points at a 5-1/4 month high. The US stock market yesterday fluctuated on both sides of unchanged and settled slightly higher as strength in the semiconductor sector overshadowed European recession concerns: Dow Jones +0.27%, S&P 500 +0.23%, Nasdaq Composite +0.09%. Bullish factors yesterday included (1) strength in technology stocks when chipmakers rallied after Deutsche Bank AG raised the U.S. semiconductor sector to "overweight" from "equal weight" saying weak Q4 results for chipmakers create a buying opportunity for the shares, (2) reduced concern that the European debt crisis will slow the region's economic growth after Nov German exports rose +2.5% m/m, stronger than expectations of +0.5% m/m, and (3) the stronger-than-expected Nov U.S. consumer credit which posted its biggest monthly increase in 10-years (+$20.374 billion versus expectations of +$7.000 billion), which shows consumers are positive enough about the economic outlook to take on more debt.
  • Bearish factors included (1) carry-over weakness from a fall in European stocks after a meeting between German Chancellor Merkel and French President Sarkozy failed to provide any concrete plans to stem the region's debt crisis, (2) concern the European sovereign debt crisis will worsen after the Markit iTraxx SovX Western Europe Index of credit-default swaps that insure European sovereign debt rose to a record, and (3) hawkish comments from St. Louis Fed President Bullard who said the Fed probably won't begin a new round of bond purchases (QE 3) following last Friday's "encouraging" jobs report.
  • Alcoa (AA) rose 2.4% in pre-market trading after the company's CEO Kleinfeld said that global aluminum demand will grow 7% this year, which when combined with Alcoa's production cuts, will lead to a global aluminum market deficit of 600,000 tons in 2012.
Today's Market Focus
  • March 10-year T-notes this morning are down -7 ticks. T-note prices on Monday rallied to a 1-week high and settled higher on dovish comments from Atlanta Fed President Lockhart along with increased safe-haven demand from the European sovereign debt crisis: TYH2 +3.5, FVH2 +3.0, EDM2 +4.5. Bullish factors included (1) comments from Atlanta Fed President Lockhart who said he sees "reluctance to change" the current record accommodation by the Fed as some areas of the U.S. economy are still "challenged," and (2) increased safe-haven demand for Treasuries on concern the European sovereign debt crisis will worsen after the Markit iTraxx SovX Western Europe Index of credit-default swaps that insure European sovereign debt rose to a record. Bearish factors included (1) hawkish comments from St. Louis Fed President Bullard who said the Fed probably won't begin a new round of bond purchases (QE 3) following last Friday's "encouraging" jobs report and (2) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Tuesday.
  • The dollar index this morning is lower with the dollar/yen +0.01 yen and the euro/dollar +0.08 cents. The dollar index on Monday rallied up to a 1-1/4 year high but shed its gains and closed lower after stronger-than-expected Nov German exports fueled short covering in the euro: Dollar Index -0.203, USDJPY -0.122, EURUSD +0.00489. Bearish factors included (1) the rebound in the euro which recovered from a fresh 1-1/4 year low against the dollar and closed higher after Nov German exports rose more than expected and (2) short-covering in the euro after the CFTC reported that that futures traders increased their net short positions against the euro to a record 138,909 contracts in the week ended Jan 3. Bullish factors included (1) dollar supportive comments from St. Louis Fed President Bullard who said that the Fed probably won't begin a new round of bond purchases (QE 3) following last Friday's "encouraging" jobs report, (2) the bigger-than-expected decline in Nov German industrial production, which is euro negative, and (3) increased safe-haven demand for the dollar on concern the European sovereign debt crisis will worsen after the Markit iTraxx SovX Western Europe Index of credit-default swaps that insure European sovereign debt rose to a record 386 bp.
  • Feb crude oil prices this morning are up +$1.39 a barrel and Feb gasoline is +2.00 cents per gallon. Crude oil prices yesterday settled mixed as a weaker dollar supported prices while European economic concerns undercut prices: CLG12 -$0.25, RBG12 +0.74. Bearish factors included (1) signs that the European economy and fuel demand may weaken after Nov German industrial production declined more than expected and (2) concern the European debt crisis may worsen and slow global growth and energy demand after the Markit iTraxx SovX Western Europe Index of credit-default swaps that insure European sovereign debt rose to a record. Bullish factors included (1) the weaker dollar, which boosts investment demand in commodities, (2) the stronger-than-expected Nov German exports, which improves confidence that the German economy and fuel demand will withstand the negative aspects of the European debt crisis, and (3) saber rattling by U.S. Joint Chiefs of Staff chairman Dempsey which heightens geopolitical risks in the Middle East when he said if Iran blocked the Strait of Hormuz the U.S. "would take action and reopen" the waterway.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): SNX-SYNNEX (BEST earnings consensus $1.15).
Global Financial Calendar
Tuesday 1/10/12
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
1000 ET Jan IBD/TIPP economic optimism expected +2.2 to 45.0, Dec +2.2 to 42.8.
1000 ET Nov wholesale inventories expected +0.5%, Oct +1.6%.
1030 ET San Francisco Fed President John Williams speaks on the economy to the Clark County Economic Forecast Breakfast meeting in Vancouver, WA.
1110 ET Cleveland Fed President Sandra Pianalto speaks on the labor market at an event in Wooster, Ohio.
1130 ET Weekly 4-week and monthly 1-year T-bill auctions.
1300 ET Treasury auctions $32 billion 3-year T-notes.
1300 ET Kansas City Fed President Esther George speaks on the 2012 economic outlook at an event in Kansas City, MO.
France
0230 ET Dec Bank of France business sentiment expected unchanged at 95, Nov -1 to 95.
0245 ET Nov French industrial production expected -0.1% m/m and -0.4% y/y, Oct unchanged m/m and +1.8% y/y.
0245 ET Nov French manufacturing production expected -0.4% m/m and -0.1% y/y, Oct unchanged m/m and +2.6% y/y.
Canada
0815 ET Dec Canada housing starts expected +188,000, Nov +181,200.
CHI
n/a Dec China trade balance expected +$8.80 billion, Nov +$14.53 billion. Dec exports expected +13.4% y/y, Nov +13.8% y/y. Dec imports expected +18.0% y/y, Nov +22.1% y/y.

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

Kansas City Southern - KSU - Barchart Chart of the Day

Barchart.coms Chart of the Day - Kansas City Southern (KSU)
Related Stocks
KSU - Kansas City Southern
Sym Last Chg Pct
KSU 72.82 +1.54 +2.16%
The "Chart of the Day" is Kansas City Southern (KSU), which showed up on Monday's Barchart "All Time High" list. KSU on Monday posted a new all-time high of $71.40 and closed up 2.30%. TrendSpotter has been Long since Dec 23 at $67.38. In recent news on the stock, Morgan Stanley on Jan 9 named KSU at a long Research Tactical Idea. Pragmatic Capitalism on Dec 23 reported that railroad traffic during the week ending Dec 17 jumped to +11.7% y/y. Kansas City Southern, with a market cap of $7.7 billion, is a transportation holding company with two primary subsidiaries. The Kansas City Southern Railway Company, is one of seven Class I railroads operating in the United States. Kansas City Southern de M'xico, SA. de C.V. is one of three large regional railroads in Mexico. KCS also owns 50% of the Panama Canal Railway Company in Panama.

ksu_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: 80% 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

Monday, January 9, 2012

United Therapeautics - UTHR

From the Barchart 1/9 new high lists:  United Therapeutics (UTHR)


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 14.68% in the last month
  • Relative Strength Index 69.60
  • Barchart computes a technical support level at 46.88
  • Recently traded at 48.33 with a 50 day moving average of 43.10

Valspar - VAL - new highs

From the 1/9 Barchart new high list:  Valspar (VAL)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs  and up 8.14% in the last month
  • Relative Strength Index 69.64%
  • Barchart computes a technical support level at 39.43
  • Recently traded at 39.99 with a 50 day moving average of 36.45

Connecticut Bank and Trust - CTBC - new highs

From Barchart's new high list today:  Connecticut Bank and Trust (CTBC)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 9.84% in the last month
  • Relative strength Index 76.85%
  • Barchart computes a technical support level at 8.12
  • Recently traded at 8.15 with a 50 day moving average of 7.33

Santarus - SNTS -

From the Barchat New High list today:  Santarus (SNTS)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 16.19% in the last month
  • Relative Strength Index 68.90%
  • Barchart computes a technical support level at 3.35
  • Recently traded at 3.60 with a 50 day moving average of 3.04

Diana Containerships - DCIX

From the Barchart New High list today:  Diana Containerships (DCIX)


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 25.80% in the last month
  • Relative Strength Index 80.34%
  • Barchart computes a technical support level at 5.76
  • Recently traded at 5.90 with a 50 day moving average of 5.07

Barchart Morning Call 1/9

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mixed with the Euro Stoxx 50 down -0.28% and Mar S&Ps down -0.10 of a point. Stocks and commodities are mixed while Treasuries are weaker as German Chancellor Merkel and French President Sarkozy meet in Berlin to discuss measures to rescue the euro over the next 3 months. Treasuries weakened after St. Louis Fed President Bullard said late Saturday that the Fed probably won't begin a new round of bond purchases (QE 3) following last Friday's "encouraging" jobs report. Nov German exports rose +2.5% m/m, stronger than expectations of +0.5%, which lifted the euro off of a 1-1/4 year low against the dollar. The euro may succumb to additional bouts of short covering after the CFTC late last Friday reported that futures traders increased their net short positions against the euro to a record 138,909 contracts in the week ended Jan 3. Gains in the euro may be limited however, after the Markit iTraxx SovX Western Europe Index of credit-default swaps that insure European sovereign debt rose to a record 386 bp. Stock gains may also be limited after Nov German industrial production fell -0.6% m/m and rose +3.6% y/y, weaker than expectations of -0.5% m/m and +3.9% y/y.
  • Asian stocks today closed mostly lower with Japan closed for holiday, China up +3.40%, Australia -0.08%, South Korea -1.06%, India -0.22%. China's Shanghai Stock Index posted a 2-week high and closed higher on speculation the government is relaxing monetary policies to bolster economic growth. Dec China new loans increased by 640.5 billion yuan, the highest amount in 8 months and stronger than expectations of 575 billion yuan, while Dec China M2 money supply growth expanded at a +13.6% y/y pace, the fastest pace since July and stronger than expectations of +12.9% y/y. Comments from Chinese Premier Wen Jiabao also boosted stocks when the Shanghai Securities News reported that he called for measures to boost confidence in the stock market including reforming initial public offerings and improving companies' dividend payouts.
Overnight U.S. Stock News
  • March S&Ps this morning are trading little changed, up +0.10 of a point. The US stock market last Friday settled mixed as European recession concerns overshadowed stronger-than-expected U.S. employment data and calls by Fed members for additional easing: Dow Jones -0.45%, S&P 500 -0.25%, Nasdaq Composite +0.16%. The Nasdaq posted a 1-3/4 month high. Bearish factors included (1) carry-over weakness from a fall in European stocks on concern Europe may be headed for recession after Dec Euro-Zone economic confidence fell to a 2-year low (-0.5 to 93.3), Nov Euro-Zone retail sales weakened more than expected (-0.8% m/m), and Nov German factory orders plunged -4.8% m/m, the most in 2-3/4 years, and (2) weakness in bank stocks after Sanford C. Bernstein and Ticonderoga Securities LLC cut their Q4 bank earnings estimates and said a weak Q4 dimmed prospects for a capital-markets rebound in the first half of this year.
  • Bullish factors last Friday included (1) the larger-than-expected increase in Dec non-farm payrolls (+200,000 versus expectations of +150,000), (2) the unexpected decline in the Dec unemployment rate which fell to its lowest level in 2-3/4 years (-0.2 to 8.5% versus expectations of +0.1 to 8.7%), (3) the larger-than-expected increase in Dec manufacturing payrolls (+23,000 versus expectations of +5,000), (4) the unexpected increase in Dec average weekly hours (+0.1 to 34.4 versus expectations of unchanged at 34.3), which may prompt employers to boost hiring as current employees work more hours, and (5) comments from New York Fed President Dudley who said the Fed may consider further monetary easing to improve the economic outlook.
Today's Market Focus
  • March 10-year T-notes this morning are down -2 ticks. T-note prices last Friday fell to a 1-week low after the stronger-than-expected Dec U.S. non-farm payrolls report but then erased their losses and settled higher on dovish Fed comments along with concern Europe may be headed for recession: TYH2 +8, FVH2 +3.2, EDM2 +5.5. Bullish factors included (1) comments from New York Fed President Dudley that suggests he favors additional Fed easing when he said "because the outlook for unemployment is unacceptably high relative to our dual mandate and the outlook for inflation is moderate, I believe it is appropriate to continue to evaluate whether we could provide additional accommodation in a manner that produces more benefits than costs," (2) comments from Boston Fed President Rosengren who said "he expects that inflation is likely to be below 2.0% not only in 2012 but also over the next several years" and that the Fed should "further purchases of mortgage-backed securities to help provide a more rapid recovery in housing," and (3) recession concerns in Europe after Dec Euro-Zone economic confidence fell to a 2-year low and Nov Euro-Zone retail sales and Nov German factory orders both weakened more than expected. Bearish factors included (1) the larger-than-expected increase in Dec non-farm payrolls (+200,000 versus expectations of +150,000), (2) the unexpected decline in the Dec unemployment rate which fell to its lowest level in 2-3/4 years (-0.2 to 8.5% versus expectations of +0.1 to 8.7%), and (3) a pickup in inflation expectations after the spread between 2-year T-notes and TIPS, or breakeven rate, widened to 1.682 percentage points, a 5-month high.
  • The dollar index this morning is lower with the dollar/yen -0.13 yen and the euro/dollar +0.40 cents. The dollar index last Friday soared to a 13-month high and finished higher as U.S. economic data points to strength in the U.S. economy while Europe may be headed for recession: Dollar Index +0.318, USDJPY -0.148, EURUSD -0.00726. Bullish factors included (1) the slump in the euro to a 1-1/4 year low against the dollar on recession concerns after Dec Euro-Zone economic confidence fell to a 2-year low and Nov Euro-Zone retail sales and Nov German factory orders both weakened more than expected, and (2) the stronger-than-expected Dec U.S. non-farm payrolls and the unexpected decline in the Dec U.S. unemployment rate to a 2-3/4 year low, which signals economic strength that is dollar supportive. Bearish factors included (1) comments from New York Fed President Dudley who said the Fed may consider further monetary easing to improve the economic outlook and (2) dollar negative comments from Boston Fed President Rosengren who said the Fed should "further purchases of mortgage-backed securities to help provide a more rapid recovery in housing."
  • Feb crude oil prices this morning are down -36 cents a barrel and Feb gasoline is -0.19 of a cent per gallon. Crude oil prices last Friday settled mixed as a stronger dollar and European recession concerns offset strong U.S. payrolls and Iran concerns: CLG12 -$0.25, RBG12 +1.51. Bearish factors included (1) the rally in the dollar index to a 13-month high, which reduces investment demand for commodities, and (2) signs that the European economy may be headed for recession after the Dec Euro-Zone economic confidence fell to a 2-year low and Nov Euro-Zone retail sales and Nov German factory orders both weakened more than expected. Bullish factors included (1) the larger-than-expected increase in Dec U.S. non-farm payrolls and the unexpected decline in the Dec U.S. unemployment rate to a 2-3/4 year low, which is positive for economic growth and energy demand and (2) heightened geopolitical concerns after an EU official said European foreign ministers are likely to agree to block Iranian oil imports at a meeting on Jan 30, which may prompt Iran to try to close the Strait of Hormuz where one-sixth of the world's crude supplies flow through each day.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): AA-Alcoa (BEST earnings consensus -$0.01), AYI-Acuity Brands (0.66), SCHN-Schnitzer Steel (0.23), MG-Mistras Group (0.25), SMSC-Standard Microsystems (0.33).
Global Financial Calendar
Monday 1/9/12
United States
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1240 ET Atlanta Fed President Dennis Lockhart will speak about the U.S. economy to the Rotary Club of Atlanta.
1500 ET Nov consumer credit expected +$7.000 billion, Oct $7.646 billion.
Germany
0200 ET Nov German trade balance expected +12.0 billion euros, Oct +11.6 billion euros. Nov exports expected +0.5% m/m, Oct -3.5% m/m. Nov imports expected +0.5% m/m, Oct -0.7% m/m.
0600 ET Nov German industrial production expected -0.5% m/m and +4.1% y/y, Oct +0.8% m/m and +4.1% y/y.
Euro-Zone
0430 ET Jan Euro-Zone Sentix investor confidence, Dec -2.8 to -24.0.
0730 ET German Chancellor Angela Merkel and French President Nicolas Sarkozy meet in Berlin; joint press conference to follow.
Canada
0830 ET Nov Canada building permits expected -3.0% m/m, Oct +11.9% m/m.
1030 ET Q4 Canada business outlook of future sales expected 8.0, Q3 6.0.
United Kingdom
1901 ET Dec U.K. RICS house price balance expected -19%, Nov -17%.
Japan
n/a Japanese markets closed for Coming-of-Age Day.

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