Saturday, May 12, 2012

Why I made no changes this week

Just a short blog to let you know that I've reviewed both the Barchart Van Meerten New High and the Barchart Van Meerten Speculative portfolios this morning and decided not to make any changes.  I use a different criteria when we are in a choppy market like we were this past week.  Here are the signals I look for to spot trouble in any of my present holdings:

  • Does any stock have a worse Barchart sell rating than the Value Line Index?  When I set up my portfolios is always put in an extra symbol of the Value Line Index ($VLA) so that I immediately know where any stock stands in relationship to the market
  • Has any stock had a loss that exceeds 10% since I bought it?  That's my tolerance for pain.
  • Is there any news relating to either revenues, earnings or legal issues that might effect the collective assumptions that the market will make upon my stock
There are many, many criteria that at any time may make holding a stock a bad decision but I like to keep things simple.  If I use these 3 simple tests I can monitor my portfolios quickly and efficiently and spot trouble while there is still an opportunity to limit my loses.

Friday, May 11, 2012

3 NASDAQ 100 Stocks Moving on Up

Even in a weak market there are still good opportunities.  This morning I used Barchart to screen the NASDAQ 100 stocks to find 3 that still have some juice left and found Seagate Technology (STX), Ebay (EBAY) and Biogen Idec (BIIB)

Seagate Technology (STX)


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 22.74% in the last month
  • Relative Strength Index 60.67%
  • Barchart computes a technical support level at 30.36
  • Recently traded at 31.47 with a 50 day moving average of 28.35
Ebay (EBAY)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 16.18% in the last month
  • Relative Strength Index 63.36%
  • Barchart computes a technical support level at 40.50
  • Recently traded at 41.21 with a 50 day moving average of 37.80
Biogeb Idec (BIIB)


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 7.43% in the last month
  • Relative Strength Index 62.67%
  • Barchart computes a technical support level at 132.13
  • Recently traded at 134.31 with a 50 day moving average of 125.73






Barchart Morning Call 5/11


Barchart Morning Call
Overnight Developments
    E-mini S&Ps are down -8.00 points (-0.59%) this morning on JPMorgan's $2 billion trading loss and weaker-than-expected Chinese retail sales and industrial production data. Commodity prices are trading lower across the board. The dollar is mildly higher by +0.13 points (+0.16%) on increased safe-haven demand. JPMorgan after Thursday's close publicly disclosed that it had a $2 billion trading loss on a synthetic credit securities position. JPMorgan's stock is down about 6% in European pre-market trading. European stocks are trading lower with the Euro Stoxx 50 down -0.73%, also undercut by the JPMorgan news, the Chinese economic data, and the fifth day of Greek attempts to form a government. The European Commission today released updated forecasts that the Eurozone economy in 2012 will decline by -0.3%, which was unchanged from its forecast in February. The Commission is forecasting a return to positive growth in 2013 with GDP growth of +1%. The Commission is forecasting GDP growth for this year of -4.7% for Greece, -1.8% for Spain, -1.4% for Italy, and -3.3% for Portugal. Italy today successfully sold 10 billion euros of Treasury bills, meeting its target and not running into any problems. Spanish Prime Minister Rajoy later today is expected to announce details of a new bank cleanup plan. The markets today are awaiting talks by Socialist Pasok Leader Venizelos with New Democracy leader Samaras to see if Pasok, New Democracy and Democratic Left can form a coalition government. Mr. Venizelos had positive talks yesterday with Democratic Left leader Kouvelis. Those three parties together easily have a working majority in Parliament that can create a government that intends to affirm the basic tenets of the bailout requirements and keep Greece in the Eurozone. China released several economic reports overnight. China's April CPI eased to +3.4% y/y from +3.6% y/y, which was in line with the market consensus. April industrial eased to +11.0% y/y from +11.6% y/y in March and was weaker than the market consensus of +11.7% y/y. April retail sales eased to +14.1% y/y from +15.2% in March and was weaker than market expectations of +15.1%. Asian stock markets today closed lower across the board: Japan -0.63%, Hong Kong -1.30%, China -0.76%, Taiwan -1.10%, Australia -0.24%, Singapore -0.70%, South Korea -1.51%, India -0.77%.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading -8.00 points (-0.59%) on the JPMorgan trading loss, weaker-than-expected Chinese economic data, and the ongoing Greek political turmoil. JPMorgan's stock is down about 6% due to the trading loss news and other large U.S. bank stocks are trading lower in European trading. US stocks on Thursday closed mixed: S&P 500 +0.25%, Dow Jones +0.16%, Nasdaq 100 -0.19%. The stock market found some support on a favorable unemployment claims report (initial claims fell 1,000 and continuing claims fell 61,000 to a new 3-3/4 year low) and on reports of some progress in Greece on forming a government.
Today's Market Focus
    June 10-year T-notes this morning are trading +8 ticks on the lower trade in stocks and the news of JPMorgan's $2 billion trading loss. T-note prices on Thursday closed lower: TYM2 -4.5, FVM2 -1.5. Bearish factors included overhang from Thursday's 30-year bond auction and slightly reduced safe-haven demand with stocks stabilizing and with some reports of progress in Greece on forming a government. The dollar index this morning is trading mildly higher by +0.17 points. EUR/USD and USD/JPY are both virtually unchanged. The dollar index on Wednesday closed slightly higher: Dollar Index +0.14, EUR/USD +0.0007, USD/JPY +0.29. The dollar index on Thursday saw some continued support from the Greek situation and from the dollar-positive U.S. unemployment claims report. Yesterday's U.S. March trade deficit report was mildly bearish for the dollar since it expanded to -$51.8 billion, wider than the consensus of -$50.0 billion and substantially wider than Feb?s revised -$45.4 billion. The Bank of England yesterday ended its quantitative easing program, which was supportive for sterling. The BOE left its base rate unchanged at 0.50% as expected. June crude oil prices this morning are down $1.17 and gasoline is down 2.83 cents on general commodity market weakness tied to risk-off hedge fund dumping on the news of JPMorgan's loss. Crude oil and gasoline prices on Thursday closed mixed: CLM12 +0.27, RBM2 -0.0211. Crude oil on Thursday saw some short-covering after recent sharp losses. Oil prices were able to shake off the bearish news that Chinese April crude oil imports dropped to a 4-month low and OPEC's report that it is producing 8.3% more crude oil than it believes is necessary. The International Energy Agency today is scheduled to release its monthly report on the global petroleum market. Crude oil continues to labor under Wednesday's DOE report showing a new 21-1/2 year high in U.S. crude oil inventories.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): NVDA-Nvidia (consensus $0.15), ENS-Enersys (0.89).
Global Financial Calendar
Friday 5/11/12
United States
0830 ET Apr PPI expected unchanged m/m and +2.1% y/y, Mar unchanged m/m and +2.8% y/y. Apr PPI ex food & energy expected +0.2% m/m and +2.8% y/y, Mar +0.3% m/m and +2.9% y/y.
0915 ET Dallas Fed President Richard Fisher speaks on Too-Big-To-Fail in Fort Worth, TX.
0955 ET Preliminary May University of Michigan U.S. consumer confidence expected -0.4 to 76.0, Apr +0.2 to 76.4.
Germany
0200 ET German April final CPI expected unrevised at +0.1% m/m and +2.0% y/y. German final EU harmonized CPI expected unrevised at +0.2% m/m and +2.2% y/y.
United Kingdom
0430 ET UK Apr PPI input (nsa) expected -0.9% m/m and +2.1% y/y, Mar +1.9% m/m and +5.8% y/y. UK Apr PPI output (nsa) expected +0.4% m/m and +2.9% y/y, Mar +0.6% m/m and +3.6% y/y. Apr PPI output core expected +0.2% m/m and +1.9% y/y, Mar +0.1% m/m and +2.5% y/y.
Euro-Zone
0500 ET European Commission releases economic growth forecasts.
CHI
0130 ET China Apr industrial production expected +12.1% y/y, Mar +11.9% y/y.
0130 ET China Apr fixed asset investment (ex-rural) expected +20.4% y/y, Mar +20.9% y/y.
0130 ET China Apr retail sales expected +15.1% y/y, Mar +15.2% y/y.

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

Scana Corp - SCG - Barchart Chart of the Day


Barchart.coms Chart of the Day - Scana Corp (SCG)
Related Stocks
SCG - Scana Corp.
Sym Last Chg Pct
SCG 46.61 +0.80 +1.75%
The "Chart of the Day" is Scana Corp (SCG), which showed up on Thursday's Barchart "All Time High" list. Scana on Thursday posted a new all-time high of $46.70 and closed up 1.75%. TrendSpotter has been Long since Apr 24 at $45.59. In recent news on the stock, Scana on May 3 reported Q1 EPS of 93 cents, which was below the consensus of $1.01 due to the company's natural gas business in Georgia. Stephens on May 4 downgraded Scana to Equal Weight from Overweight. Scana Corp (SCG), with a market cap of $6 billion, Scana Corp. (SCG), has businesses that include regulated electric and natural gas utility operations, telecommunications and other non-regulated energy-related businesses. SCANA's subsidiaries serve electric customers in South Carolina, North Carolina and Georgia.

scg_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, May 10, 2012

Barchart Morning Call 5/10


Barchart Morning Call

Thu, 10 May 2012 07:00:00 -0500

Overnight Developments
    E-mini S&Ps are trading slightly higher this morning by 0.75 points. The dollar index is little changed. Commodity prices are mixed this morning with crude oil down 46 cents and gold down $3.30 but with copper and grains trading higher. There was some pessimism this morning about the Chinese April trade report, which showed weaker-than-expected exports and imports. European stocks are trading moderately lower with the Euro Stoxx 50 down 0.39%. The markets are waiting for the next round of Greek talks on forming a government. The Radical Left Syriza party was unable to form a coalition yesterday. Socialist Pasok leader Venizelos later today will try to form a coalition once he is formally given the mandate by Greek president Papoulias. If Mr. Venizelos cannot form a government, then the Greek president will have one last try at brokering a coalition before calling for new elections in June. On the brighter side, the European Financial Stability Fund (EFSF) yesterday announced the release of 5.2 billion euros of bailout payments that will be sufficient to carry Greece through June, illustrating that Eurozone officials are giving Greece some time to try to work through its political troubles. French March industrial production fell -0.9% m/mm, which was weaker than the consensus of -0.6% m/m, although Feb was revised higher to +0.9% from +0.3%. Italy's March industrial production rose by +0.5% m/m, which was stronger than the consensus of -0.2% m/m and reversed part of the -0.7% m/m decline seen in Feb. The Bank of England after its 2-day meeting announced this morning that it left its base rate unchanged at 0.50%, which was in line with market expectations. The BOE also left its asset purchase target unchanged at 325 billion pounds, which meant that the BOE effectively ended its quantitative easing program for the time being. That was in line with market expectations given that UK inflation is high. Asian stock markets today closed mixed: Japan -0.39%, Hong Kong -0.51%, China -0.01%, Taiwan +0.11%, Australia +0.48%, Singapore +0.09%, South Korea -0.35%, India -0.36%. China's April trade surplus rose to $18.42 billion, which was larger than the consensus of $9.9 billion. April exports grew by +4.9% y/y, which was weaker than the market consensus of +8.5% y/y and down from +8.9% y/y in March. Import growth fell to +0.3% y/y from March's 5.3% y/y and was substantially weaker than the market consensus of +10.9% y/y. The weakness in exports indicated lackluster global demand. The weakness in imports was partially due to lower commodity prices but was also due to weak domestic demand. Japan's April eco watcher's outlook index rose to 50.9 from 49.7 in March, but the current index fell to 50.9 from 51.8 in March. The Australian dollar rallied 0.5% today after the Australian unemployment rate unexpectedly dropped to a 1-year low.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are trading slightly higher by +0.75 points. The market is shaking off some bad news from Cisco and the Chinese trade report and is waiting for political developments from Greece. Cisco Systems is down 8.7% in European trading this morning after an earnings miss on the reluctance of business clients to spend money on technology upgrades. US stocks on Wednesday closed moderately lower: S&P 500 -0.67%, Dow Jones -0.75%, Nasdaq 100 -0.32%. The U.S. stock market fell once again on the Greek political uncertainty combined with the 0.5% sell-off in the Euro Stoxx 50 on Wednesday. However, the U.S. stock market was able to rebound upward when the European Financial Stability Facility confirmed that it will release 5.2 billion euros in bailout payments to Greece, ensuring that Greece has enough cash to make it through June. That indicated that Eurozone officials are giving the Greeks some time to sort out their political troubles and are not planning to immediately drop the hammer. The U.S. stock market on Wednesday was also undercut by Spanish banking troubles, which prompted an 18 bp rise in the 5-year Spanish credit default swap price (the cost of insuring against a sovereign default) to a record high of 516 bp.
Today's Market Focus
    June 10-year T-notes this morning are unchanged with few fresh developments overnight. The Treasury today concludes its $72 billion coupon package with the sale of $16 billion in 30-year T-bonds. T-note prices on Wednesday closed little changed: TYM2 -0.5, FVM2 +0.25. T-note prices on Wednesday saw continued support from Greek-related safe-haven buying, but were undercut by a lackluster 10-year T-note auction. The 10-year auction had a bid cover ratio of 2.90 that was below the 12-auction average of 3.10. Indirect bidders took 38.7% of the auction, below the 12-auction average of 43.0%. The dollar index this morning is trading slightly higher by +0.03 points with EUR/USD up $0.0015 and USD/JPY up 0.05 yen. The dollar index is in a holding pattern, awaiting Greek developments and this morning's U.S. unemployment claims and U.S. trade reports. The dollar index on Wednesday continued to rally: Dollar Index +0.315, EUR/USD -0.0076, USD/JPY -.02. The dollar index on Wednesday saw some technical buying with a new 3-week high, while EUR/USD saw selling with the new 3-1/2 month low. The dollar gained support from the ongoing Greek political drama combined with banking problems in Spain and a new record high in Spanish 5-year credit default swap prices. There was some positive European economic news with German March exports rising +0.9% m/m versus expectations for a decline of -0.5% m/m. June crude oil prices this morning are down 46 cents and gasoline is down 2.01 cents. Oil prices were undercut by last night's Chinese trade report showed that Chinese April crude oil imports dropped to a 4-month low. Crude oil and gasoline prices on Wednesday closed mixed: CLM12 -0.20, RBM2 +0.0297. Crude oil prices were hurt by technical weakness, a bearish DOE report for crude oil, and the continued Greek troubles. However, gasoline rallied on an unexpected decline in DOE gasoline inventories and a fire at Sunoco's refinery in Philadelphia. The weekly DOE report was bearish for crude oil and bullish for products. Crude oil inventories rose by 3.652 million barrels (+1.0%) to a new 21-1/2 year high of 379.516 million barrels. That is 7.2% above the 5-year seasonal average, the highest such level since last June. Meanwhile, gasoline inventories fell by 2.6 million barrels (vs expectations of +250,000 barrels) and are now 1.0% below the 5-year seasonal average, the tightest level since last May. Distillate inventories fell sharply by 3.25 million barrels (versus expectations of +750,000 barrels). Distillate inventories are now 9.8% below the 5-year seasonal average, the tightest level in 9 years.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): ESRX-Express Scripts (consensus $0.77), LBTYA-Liberty Global (0.30), CA-CA Inc (0.52), KSS-Kohl's (0.61), JWN-Nordstrom (0.75), NUAN-Nuance Communications (0.40).
Global Financial Calendar
Thursday 5/10/12
United States
0830 ET Weekly initial unemployment claims expected +3,000 to 368,000, previous -27,000 to 365,000. Weekly continuing claims expected -1,000 to 3.275 million, previous -53,000 to 3.276 million.
0830 ET Mar U.S. trade deficit expected -$50.0 billion, Feb -$46.0 billion.
0830 ET Apr import price index expected -0.2% m/m and +0.8% y/y, Mar +1.3% m/m and +3.4% y/y.
0830 ET Monthly USDA crop production and WASDE reports.
0830 ET USDA weekly exports.
0930 ET Fed Chairman Ben Bernanke delivers the keynote address at the Chicago Fed’s annual conference on bank structure and competition, titled “Bank Capital: How Much is Enough?”
1030 ET DOE natural gas storage.
1100 ET Treasury announces amount of 10-year TIPS to be auctioned May 17 (previous $13 billion).
1320 ET Minneapolis Fed President Narayana Kocherlakota speaks on monetary policy in Minneapolis.
1300 ET Treasury auctions $16 billion in 30-year T-bonds.
1400 ET Apr monthly budget statement expected +$30.0 billion, Mar -$198.158 billion.
1630 ET Weekly money supply report and Fed balance sheet.
Euro-Zone
0400 ET ECB publishes May monthly report.
United Kingdom
0430 ET UK Mar industrial production expected -0.3% m/m and -2.6% y/y, Feb +0.4% m/m and -2.3% y/y. Mar manufacturing production expected +0.5% m/m and -1.3% y/y, Feb -1.0% m/m and -1.4% y/y.
0700 ET Bank of England announces monetary policy 2-day meeting outcome, no change expected in 0.50% base rate or 325 billion pound asset purchase target.
1000 ET NIESR UK Apr GDP estimate, previous +0.1%.
1902 ET UK Apr nationwide consumer confidence, Mar 53.
Japan
0030 ET Japan Apr bankruptcies, Mar -1.9%.
0100 ET Japan Apr Eco Watchers survey current index, Mar 51.8. Apr outlook index, Mar 49.7.
1950 ET Japan Apr M2 expected +2.9% y/y, Mar +3.0%. Apr M3 expected +2.5% y/y, Mar +2.6% y/y.
CHI
2130 ET China Apr CPI expected +3.4% y/y, Mar +3.6% y/y. Apr PPI expected -0.5% y/y, Mar -0.3% y/y.
CHI
n/a China Apr M0 expected +10.7% y/y, Mar +10.0% y/y. M1 expected +4.5% y/y, Mar +4.4% y/y. M2 expected +13.3% y/y, Mar +13.4%. Apr new yuan loans expected 780 billion yuan, Mar 1010 billion yuan. Release date from May 10-15.

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

Disney - DIS - Barchart Chart of the Day


Barchart.com's Chart of the Day - Walt Disney (DIS)
Related Stocks
DIS - Walt Disney Company
Sym Last Chg Pct
DIS 45.33 +0.31 +0.69%
The "Chart of the Day" is Walt Disney (DIS), which showed up on Thursday's Barchart "All Time High" list. Disney on Wednesday posted a new all-time high of $45.80 and closed up 1.63%. TrendSpotter just turned Long on Tuesday at $44.30. In recent news on the stock, RBC Capital on Wednesday reiterated its Outperform and raised its target to $50 from $45, citing the likelihood that its successful Avengers film will spark strong sequels and boost the momentum of other Disney movies and character franchises. Disney on Wednesday reported Q2 EPS ex-items of 58c, above the consensus of 55 cents. Disney, with a market cap of $78 billion, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, StudioEntertainment, Theme Parks and Resorts, Consumer Products and Internet and Direct Marketing.

dis_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

Wednesday, May 9, 2012

3 Good Small Caps

This morning we still have an ugly market.  The market as measured by the Value Line Index has a Barchart 72% technical sell signal, a Trend Spotter sell signal and is trending below its 20, 50 and 100 day moving averages.  70% off all the stocks are trading below their 20 day moving averages.  The hourly trending graph of the Value Line Index for the past month provided by Barchart is also ugly:


Where can you still see upward momentum?  I used Barchart to screen the S and P 600 Small Cap Index to find some stocks with upward momentum and found WD-40 (WDFC), Vitamin Shoppe (VSI) and Symmetry Medical (SMA).

WD-40 (WDFC)


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 1.49% in the last month
  • Relative Strength Index 58.96%
  • Barchart computes a technical support level at 43.68
  • Recently traded at 45.73 with a 50 day moving average of 44.35
Vitamin Shoppe (VSI)


Barchart techical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 18.79% in the last month
  • Relative Strength Index 71.10%
  • Recently traded at 54.04 with a 50 day moving average of 44.90
Symmetry Medical (SMA)


Barchart technical indicators:
  • 72% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 9.36% in the last month
  • Relative Strength Index 68.32%
  • Barchart computes a technical support level at 7.59
  • Recent;y traded at 7.84 with a 50 day moving average of 7.05 




Barchart Morning Call 5/9


Barchart Morning Call

Wed, 9 May 2012 07:00:00 -0500

Overnight Developments
    E-mini S&Ps are down 11.25 points (-0.83%) this morning and commodity prices are mostly lower as the markets wait to see if the anti-bailout Greek Radical Left Syriza party will be able to form a government. Gold is down $19.50 this morning, copper is down 1.07%, and crude oil is down 79 cents. Grains are lower while meats and softs are mixed. The dollar index is up 0.32% this morning and EUR/USD is down 0.24% on the Greek uncertainty. European stocks are trading lower with the Euro Stoxx 50 down 1.03%. Syriza Radical Left leader Alexis Tsipras will meet later today with other Greek party leaders in an attempt to form a government. Mr. Tsipras is scheduled to meet with Pasok leader Venizelos at 11 AT ET and New Democracy leader Samaras at Noon ET. Mr. Samaras yesterday refused to agree to Mr. Tsipras' demand that he send a letter to Eurozone officials renouncing the written promises he made earlier to uphold the terms of the bailout agreement. Mr. Samaras said he was being asked "to put my signature to the destruction of Greece," which indicates that he is not amenable to participating in a coalition government with Syriza. If a coalition government cannot be formed, then new Greek elections will have to be held in June. The Greek finance ministry has said the country may run out of cash by the end of June if a new government is not in place to meet the conditions for the next Eurozone bailout payment. The Greek situation is raising the risks for other troubled European countries. The 10-year Spanish bond yield today rose by 17 bp and the Italian yield rose by 10 bp. 5-year credit default swaps on Spanish debt rose by 8 bp to 506 bp, just below the recent record high of 510.5 bp on April 16. In some good news for Europe, Germany today reported that its March trade surplus of 17.4 billion euros was larger than expectations of 14.3 billion euros and that March exports rose +0.9% m/m, much stronger than expectations of -0.5% m/m. Asian stock markets today closed lower across the board on the European travails: Japan -1.49%, Hong Kong -0.75%, China -1.91%, Taiwan -0.93%, Australia -0.91%, Singapore -1.06%, South Korea -0.89%, India -0.40%. Japan reported its March leading index at 96.6, which was weaker than the consensus of 96.9 but was up from Feb's revised 96.0 (preliminary 96.3). The coincident index rose to 96.5 from 95.2 in Feb and was stronger than the consensus of 96.2. In some good economic news for China, April passenger-vehicle sales rose by 13% to 1.28 million units, which was stronger than the market consensus of +11.3%. An official of the China Association of Automobile Manufacturers said that the association sees "signs of recovery" after the Chinese vehicle sales in Jan-Feb had their worst 2-month start to the year since 2005. China today announced a 3.5% cut in maximum retail gasoline and diesel prices effective tomorrow. That was the first fuel price cut since last October and will be welcome by Chinese businesses and consumers.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are down -11.25 points (-0.83%) on the 1.03% sell-off in European stocks. There are earnings reports today from CSCO-Cisco (consensus $0.47), NWSA-News Corp (0.31), and PCLN-Priceline.com (3.90), among others. US stocks on Tuesday closed moderately lower: S&P 500 -0.43%, Dow Jones -0.59%, Nasdaq 100 -0.36%. The U.S. stock market fell on the Greek political uncertainty combined with the 2.06% decline seen in the Euro Stoxx 50 on Tuesday. The hard line being taken by the Greek Radical Left Syriza party in trying to forge a coalition government caused fresh market worries since the Syriza party leader is explicitly saying his government would default on Greek debt, nationalize banks, and renege on austerity and reform measures.
Today's Market Focus
    June 10-year T-notes this morning are up 5 ticks on increased safe-haven demand with the global sell-off in stocks on the Greek political uncertainty. The Treasury today continues its $72 billion coupon package with the sale of $24 billion in 10-year T-notes. T-note prices on Tuesday closed higher: TYM2 +9, FVM2 +3.5. T-note prices saw strength from continued safe-haven demand with the moderately lower close in U.S. stocks, the 2% sell-off in European stocks, and the rout in commodity prices. The dollar index this morning is trading mildly higher by 0.25 points (+0.32%) with EUR/USD down 0.31 cents (-0.24%) and USD/JPY down -0.25 yen (-0.31%). The dollar index is getting a safe-haven boost again today from the European turmoil. The dollar index on Tuesday closed mildly higher: Dollar Index +0.135, EUR/USD -0.0015, USD/JPY +0.01. The dollar index continues to see support from the political uncertainty in Europe and the threat of a downward spiral in events if hardliners gain control of the government in Greece. The euro at least received some underlying support from the report that German March industrial production rose +2.8% m/m and +1.6% y/y, which was substantially stronger than the market consensus of +0.8% m/m and -1.2% y/y. The German Economy Ministry said that Germany “industrial activity is gathering pace and the outlook has improved markedly.” June crude oil prices this morning are down -0.79 cents (-0.81%) and June gasoline is down 0.66 cents (-0.22%) on the European political uncertainty and the general sell-off in stocks and commodities. Crude oil is also lower ahead of today's weekly DOE report. Crude oil and gasoline prices on Tuesday closed mixed: CLM12 -0.93, RBM2 +0.0203. Crude oil prices were hurt by continued doubts about global growth, expectations for a new 21-1/2 year high in today's weekly DOE report, and the Saudi Oil Minister's comment that oil prices are "still a bit too high." Gasoline prices were boosted by the DOE's hike in its forecast for U.S. gasoline demand this year to 8.67 million bpd, although that would be down by 0.8% from 8.74 million bpd in 2011. The market consensus for Wednesday's weekly DOE report is that crude oil inventories will increase by another 1.9 million bbls to a new 21-1/2 year high, gasoline inventories will increase by +250,000 bbls, distillate inventories will increase by +750,00 bbls, and the refinery utilization rate will rise by 0.5 point to 86.5%. The Seaway pipeline between the key oil hub at Cushing, Oklahoma and the Gulf coast is scheduled to be reversed late next week, which should lead to a gradual drawdown in crude oil inventories at Cushing.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): CSCO-Cisco (consensus $0.47), NWSA-News Corp (0.31), PCLN-Priceline.com (3.90), EOG-EOG Resources (1.16), CTL-Centurylink (0.58), M-Macy's (0.40), ATVI-Activision (0.04), MNST-Monster Beverage (0.38), MPEL-Melco Crown (0.16), BMC-BMC Software (0.80).
Global Financial Calendar
Wednesday, May 9
United States
0700 ET Weekly MBA mortgage applications, previous +0.1%, purchase sub-index +2.9%, refinancing sub-index -0.7%.
1000 ET Mar wholesale inventories expected +0.6%, Feb +0.9%.
1000 ET Minneapolis Fed President Narayana Kocherlakota speaks to the Economic Club of Minnesota in a speech titled “Toward a More Transparent Monetary Policy.”
1030 ET DOE Weekly Petroleum Status Report.
1045 ET Cleveland Fed President Sandra Pianalto speaks on leadership in Lexington KY.
1200 ET Philadelphia Fed President Charles Plosser speaks in Philadelphia on community development.
1300 ET Treasury auctions $24 billion in 10-year T-notes.
Germany
0200 ET German Mar trade balance expected 14.3 billion euros, Feb 14.7 billion euros. Mar current account balance expected 18.0 billion euros, Feb 11.1 billion euros. Mar exports expected -0.5% m/m, Feb +1.5% m/m. Mar imports expected +1.0% m/m, Feb +3.9% m/m.
Japan
0100 ET Japan Mar leading index expected 96.9, Feb 96.3. Mar coincident index expected 96.2, Feb 95.0.
1950 ET Japan Apr bank lending including trusts, Mar +0.8% y/y (+0.9% y/y ex-trusts).
1950 ET Japan Mar adjusted current account balance expected 650 billion yen, Feb 854.1 billion yen. Mar current account balance BOP basis expected -42.8 billion yen, Feb 102.1 billion yen.
2200 ET Japan Apr Tokyo average office vacancies, Mar 9.04%.
CHI
n/a China Apr trade balance expected $9.9 billion, Mar $5.35 billion. Apr exports expected +8.5% y/y, Mar +8.9% y/y. Apr imports expected +10.9% y/y, Mar +5.3% y/y.

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

Henry Schein - HSIC - Barchart Chart of the Day


Barchart.coms Chart of the Day - Henry Schein (HSIC)
Related Stocks
HSIC - Henry Schein
Sym Last Chg Pct
HSIC 75.85 -1.68 -2.17%
The "Chart of the Day" is Henry Schein (HSIC), which showed up on Tuesday's Barchart "All Time High" list. Henry Schein on Tuesday posted a new all-time high of $78.16 and closed up 3.75%. TrendSpotter has been long since April 27 at $77.29. In recent news on the stock, Henry Schein on May 8 reported Q1 adjusted EPS of 98 cents, above the consensus of 91 cents, and raised its FY2012 EPS guidance to $4.30-4.40 from $4.25-4.34. SunTrust on April 26 initiated coverage on Henry Schein with a Neutral. Henry Schein, with a market cap of $6.7 billion, is the largest distributor of healthcare products and services to office-based healthcare practitioners in the combined North American and European markets.

hsic_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: 75% 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

Tuesday, May 8, 2012

3 Great Mid Cap Stocks

This morning I used Barchart to screen the Mid Cap S & P 400 stocks to find 3 with steady upward price momentum and found Weingarten Realty Investors (WRI), W R Berkley (WRB) and T W Telecom (TWTC)

Weingarten Realty Investors (WRI)


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 5.83% in the last month
  • Relative Strength Index 66.67%
  • Barchart computes a technical support level at 26.61
  • Recently traded at 27.24 with a 50 day moving average of 25.83
W R Berkley (WRB)


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 6.13% in the last month
  • Relative Strength Index 60.17%
  • Barchart computes a technical support level at 38.24
  • Recently traded at 38.63 with a 50 day moving average of 36.53
T W Telecom (TWTC)


Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 6 new highs and up 3.17% in the last month
  • Relative Strength Index 60.17%
  • Barchart computes a technical support level at 22.62
  • Recently traded at 22.80 with a 50 day moving average of 21.94






Barchart Morning Call 5/8


Barchart Morning Call
Overnight Developments
    E-mini S&Ps are down 8.00 points this morning (-0.59%), undercut by lower European stocks. The dollar index is mildly higher this morning while commodity prices are mostly lower. Gold is down $11.90 and crude oil is down $1.02. Oil prices were undercut after the Saudi Oil Minister Ali al-Naimi said that oil prices are still too high. Mr. Al-Naimi has been consistently saying in recent weeks that the oil market is well supplied and that prices are too high. European stocks are trading moderately lower this morning with the Euro Stoxx 50 down -0.58%. European stocks are being weighed down by the drawn out process in Greece of trying to put together a coalition government. However, European stocks received a boost from today's German March industrial production report of +2.8% m/m and +1.6% y/y, which was substantially stronger than the market consensus of +0.8% m/m and -1.2% y/y. In addition, Feb was revised higher to -0.3% m/m and unch y/y from -1.3% m/m and -1.0% y/y. The German Economy Ministry said that Germany "industrial activity is gathering pace and the outlook has improved markedly." Strength in the German economy is necessary to make sure that the current recession in the overall Eurozone is shallow and relatively short. In Greece, Syriza (Coalition of the Radical Left) today will try to form a coalition government in talks with other parties. Syriza is not expected to find enough support to form a government. The winner of Sunday's election, New Democracy, was unable to form a government and gave up yesterday after 6 hours of talks. If Syriza cannot form a government, then Socialist Pasok will have a turn. The odds still favor a coalition with New Democracy and Pasok, along with one or more smaller parties. If no coalition can be formed, then new elections can be called. If New Democracy and Pasok can form a coalition, then the markets will be satisfied that the Greek political situation has been stabilized for the time being and that the Greek bailout and Greece's position in the Eurozone is safe for the time being. However, if Syriza somehow forms a government, or if no government can be formed, then concern will rapidly grow about the increased chances of Greece eventually defaulting completely on its debt and exiting the Eurozone. The Greek ASE Stock index today is down 0.5% after falling 6.7% on Monday. Greece today was able to sell 1.3 billion euros of 26-week bills with a yield of 4.69% and a bid cover ratio of 2.6 times. In Israel, Prime Minister Netanyahu canceled his proposed early election for September after the Kadima party agreed to join Likud's coalition government. There had been some speculation that Mr. Netanyahu may have called the early election to strengthen his hand for an attack on Iran late in the year as well as to take advantage of his current popularity in the polls. Now that the election has been canceled, Mr. Netanyahu will have a freer hand to deal with Iran. Israel is not likely to attack Iran while talks with Iran are ongoing. The second round of talks with Iran is scheduled for two weeks on May 23. Stock markets in Asia today closed mostly higher as market participants were encouraged by Monday's rally in the Euro Stoxx 50 and by the slightly higher close in the S&P 500 index. Japan +0.69%, Hong Kong -0.25%, China -0.32%, Taiwan +0.10%, Australia +0.30%, Singapore +0.24%, South Korea +0.54%, India -2.17%. Chinese and Hong Kong stocks were undercut by news that residential and land sales dropped 92% in major Chinese cities.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are down -8.00 points (-0.59%) mainly because European stocks are down -0.58%. There are earnings reports today from Disney, DirecTV, Discovery Communications and others. US stocks yesterday closed narrowly mixed after recovering from early losses: S&P 500 +0.04%, Dow Jones -0.23%, Nasdaq 100 +0.05%. Stocks on Monday opened on a weak note on the European election results and continued overhang from last Friday's disappointing payroll report of +115,000. However, the U.S. stock market was able to recover to close mostly higher on the recovery in European stocks and short-covering after last week's sharp sell-off. U.S. bank stocks received a boost yesterday after Warren Buffett said at his annual meeting that American banks are in ?fine shape.? He said that U.S. banks have ?liquidity coming out of their ears.?
Today's Market Focus
    June 10-year T-notes this morning are up 9 ticks on the lower trade in U.S. and European stocks. The Treasury today kicks off its $72 billion coupon package by selling $32 billion in 3-year T-notes. T-note prices on Monday closed little changed: TYM2 unch, FVM2 +0.25. T-notes initially traded higher on the European election results but then faded as the stock market recovered. A bearish factor was the $21.4 billion surge in March consumer credit, which illustrated some consumer confidence. The recent surge in consumer credit will eventually become worrisome to the Fed if it continues and indicates that interest rates are too low. Most of the loans have been for education and autos. The dollar index this morning is trading is trading mildly higher by 0.13 (+0.16%) with EUR/USD down 0.24 cents and USD/JPY down 0.18 yen. The euro is seeing some weakness tied to the Greek political uncertainty. The dollar index on Monday closed mildly higher: Dollar Index +0.105, EUR/USD -0.0019, USD/JPY +0.19. The euro was undercut by the European election results and the dollar index was boosted by increased safe-haven demand. June crude oil prices this morning are down $1.02 and June gasoline is down 0.53 cents on Saudi Oil Minister al-Naimi's comment that oil prices are still too high. Crude oil and gasoline prices on Monday closed lower again to add to the sharp losses seen last week: CLM12 -0.55, RBM2 -0.0017. Crude oil prices fell on the European election results and continued bearish overhang from last Friday's weak payroll report and rise in crude oil inventories to a new 21-1/2 year high. In addition, the market is looking for another inventory increase tomorrow. The market consensus for Wednesday's weekly DOE report is that crude oil inventories will increase by another 1.9 million bbls to a new 21-1/2 year high, gasoline inventories will increase by +250,000 bbls, distillate inventories will increase by +750,00 bbls, and the refinery utilization rate will rise by 0.5 point to 86.5%. The Seaway pipeline between Cushing and the Gulf coast is scheduled to be reversed next Thursday (May 17), which should start to produce a decline in Cushing inventories in June and beyond.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): DIS-Disney (consensus $0.55), DTV-DirecTV (1.05), DISCA-Discovery Communications (0.60), HCN-Health Care REIT (0.24), ETE-Energy Transfer (0.38), LINTA-Liberty (0.16), PRGO-Perrigo (1.21), FOSL-Fossil (0.92), TAP-Molson Coors (0.43).
Global Financial Calendar
Tuesday, May 8
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
0945 ET Richmond Fed President Jeffrey Lacker holds roundtable discussion with Guildford Technical Community College students.
1000 ET May IBD/TIPP economic optimism, Apr +1.8 to 49.3.
1130 ET Weekly 4-week T-bill auction.
1245 ET Dallas Fed President Richard Fisher speaks on panel at ?Growing DFW: Strengthening Our Economy? in Dallas.
1300 ET Treasury auctions $32 billion in 3-year T-notes.
1630 ET API weekly U.S. oil statistics.
Germany
0600 ET German Mar industrial production expected +0.8% m/m and -1.2% y/y, Feb -1.3% m/m and -1.0% y/y.

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

Chubb - CB - Barchart Chart of the Day


Barchart.coms Chart of the Day - Chubb Corp. (CB)
Related Stocks
CB - Chubb Corp.

Sym Last Chg Pct
CB 74.28 +0.89 +1.21%
The "Chart of the Day" is Chubb Corp. (CB), which showed up on Monday's Barchart "All Time High" list. Chubb on Monday posted a new all-time high of $74.40 and closed +1.21%. TrendSpotter has been Long since April 2 at $69.80. In recent news on the stock, Bernstein on May 1 upgraded Chubb to Market Perform from Underperform and raised the target to $71 from $58, citing improving industry pricing and valuation. Chubb on April 19 reported Q1 EPS of $1.70 versus the consensus of $1.52. Evercore on April 17 downgraded Chubb to Equal Weight from Overweight on valuation and slower industry growth. Chubb Corp, with a market cap of $20 billion, is principally engaged in the property and casualty insurance business.

cb_700_03

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: 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

Monday, May 7, 2012

5 Great Large Cap S&P 500 stocks

This morning I used Barchart to screen the Large Cap S & P 500 stocks for those with the best upward momentum and found Hershey Foods (HSY), Dollar Tree (DLTR) and Teradata (TDC).

Hershey Foods (HSY)


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 9.76% in the last month
  • Relative Strength Index 68.43%
  • Barchart computes a technical support level at 66.50 
  • Recently traded at 66.60 with a 50 day moving average of 62.07
Dollar Tree (DLTR)


Barchart technical indicators:
  • 72% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 5.39% in the last month
  • Relative Strength Index 60.68%
  • Barchart computes a technical support level at 100.52
  • Recently traded at 101.52 with a 50 day moving average of 95.63
Teradata (TDC)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 5 and 100 day moving average
  • 14 new highs and up 6.96% in the last month
  • Relative Strength Index 58.29%
  • Barchart computes a technical support level at 70.81
  • Recently traded at 72.99 with a 50 day moving average of 68.36







Barchart Moring Call 5/7


Barchart Morning Call
Overnight Developments
    E-mini S&Ps are down -6.75 points (-0.50%), which is better than 1% losses last night. The E-mini is lower on the European election results and continued overhang from last Friday's poor U.S. payroll report. Commodity prices are generally lower with crude oil down another 72 cents, gold down $3.5, copper down -0.3 cents, and grain prices trading lower. European stocks are trading mildly lower with the Euro Stoxx 50 down -0.03%, the German Dax down -0.66%, and the French CAC40 down -0.11%. The UK markets are closed today for a holiday. The Greek stock market today is down sharply by 7.5%. In France, Socialist party leader Francois Hollande won the presidential election over Nicolas Sarkozy, which was in line with market expectations but could nevertheless cause problems with Germany. In Germany, Chancellor Merkel's party had a poor showing in state elections in the German state of Schleswig-Holstein, which may make Ms. Merkel even less inclined to compromise on bailout terms to troubled Eurozone countries. In Greece, there was a surprise with the anti-bailout Syriza party (which means Coalition of the Radical Left) winning a projected 16% of the vote, coming in second ahead of the socialist Pasok party, which had 13%. The New Democrats won the election but received only 20% of the vote. The question is whether the New Democrats can cobble together a coalition government with Pasok and other smaller parties, thus excluding the Syriza party from the government. Syriza is not expected to be able to form a coalition government. If Syriza unexpectedly gained power with like-minded Greek coalition parties, that government would likely try to renegotiate the Greek bailout and assuming Germany refuses, could end up putting the country into full bankruptcy and possibly an exit from the Eurozone. In other European news, the May Eurozone Sentix investor confidence index fell to -24.5 from -14.7% in April, which as weaker than the market consensus of -15.3. However, German March factory orders were reported at +2.2% m/m and -1.3% y/y, which was stronger than the market consensus of +0.5% m/m and -1.5% y/y and an improvement after Feb's revised +0.6% m/m and -6.0% y/y. In the European bond markets today, the German 10-year bund yield fell 1 bp, the Greek 10-year bond yield rose by 220 bp to 22.77%, the Spanish bond yield rose 8 bp, and the Italian bond yield rose by 9 bp. Stock markets in Asia closed mostly lower in reaction to last Friday's weak U.S. payroll report: Japan -2.78%, Hong Kong -2.61%, China +0.07%, Taiwan -2.11%, Australia -2.16%, Singapore -2.19%, South Korea -1.77%, and India +0.48%. The Japanese stock market was also hurt by last Friday's strength in the yen.
Overnight U.S. Stock News
    June E-mini S&Ps this morning are down -6.75 points (-0.50%), which is an improvement from the 1% losses seen last night on the first reaction to the European election results. Today is a fairly big earnings today with reports from CTSH-Cognizant SYY-Sysco, VNO-Vornado Realty, DISH-Dish Network, WYNN-Wynn Resorts, and others. The U.S. stock market on Friday sold off fairly sharply: S&P 500 -1.61%, Dow Jones -1.27%, Nasdaq 100 -2.47%. Bearish factors included the much weaker than expected April payroll report of +115,000, which added to last Thursday's weak ISM non-manufacturing report to create worries about a softening U.S. economy. There was also nervousness last Friday ahead of Sunday's European elections.
Today's Market Focus
    June 10-year T-notes this morning are up 4 ticks this morning on fresh safe-haven demand after Sunday's European election results and on this morning's sell-off in global stocks. T-note prices on Friday closed higher: TYM2 +14.5, FVM2 +0.5. T-note prices on Friday rallied on the weak payroll report, which suggested weaker economic growth and inflation and also sparked increased safe-haven demand with the sharp sell-off in stocks. The dollar index this morning is trading is trading mildly higher by +0.18 points (+0.23%) with EUR/USD down 0.0055 (-0.42%) and USD/JPY slightly lower by -0.03 yen (-0.04%). The euro is being hurt by the European election results, which makes a return of the European debt crisis more likely. The dollar index on Friday closed mildly higher: Dollar Index +0.277, USD/JPY -0.48, EUR/USD -0.0082. The dollar index closed higher last Friday and the euro closed weaker on the weak U.S. payroll report and increased safe-haven demand. The euro was also weaker ahead of Sunday's elections in France and Greece. However, USD/JPY closed lower as the weak payroll report undercut the dollar relative to the yen. Jun crude oil prices this morning are trading lower with CLM12 down -0.72 cents (-0.73%) and RBM2 slightly lower by -0.05 cents (-0.02%). Crude oil and gasoline prices are seeing weakness from the European election results and weak global stock markets. Crude oil and gasoline prices on Friday plunged for third straight session: CLM12 -4.05, RBM2 -0.0742. June crude oil prices fell to a new 5-month low and gasoline posted a new 3-1/2 month low. Bearish factors included (1) the weak payroll report, (2) heavy technical selling with the downside breakout, and (3) continued overhang from last Wednesday's DOE report that showed a new 21-1/2 year high in crude oil prices.
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): CTSH-Cognizant (consensus $0.85), SYY-Sysco (0.43), VNO-Vornado Realty (0.83), DISH-Dish Network (0.70), PAA-Plains (1.51), WYNN-Wynn Resorts (1.41), TAX-Rackspace Hosting (0.17), TSN-Tyson Foods (0.39), FRI-Fed Realty Investors (0.51), HFC-Hollyfrontier (1.21), BIP-Brookfield Infrastructure (0.30), EA-Electronic Arts (0.16), TW-Towers Watson (1.35), DOS-Kosmos Energy (0.02), FTR-Frontier Communication (0.06), DNB-Dun & Bradstreet (1.32).
Global Financial Calendar
Monday, May 7
United States
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1500 ET Mar consumer credit expected +$9.7 billion, Feb +$8.735 billion.
1600 ET USDA Crop Progress
1915 ET Richmond Fed President Jeffrey Lacker speaks on ?Technology, Unemployment and Workforce Development? at in event in Greensboro, NC.
Euro-Zone
0430 ET Eurozone May Sentix Investor Confidence expected -15.3, Apr -14.7.
Germany
0600 ET German March factory orders expected +0.5% m/m and -2.8% y/y, Feb +0.3% m/m and -6.1% y/y.
0700 ET German Chancellor Angela Merkel holds post-election press conference in Berlin.
United Kingdom
1901 ET UK Apr BRC Shop Price index expected +1.6% y/y, Mar +1.5% y/y.
1901 ET UK Apr Lloyds Employment Confidence, Mar -58.
1901 ET UK Apr RICS House Price Balance expected -11%, Mar -10%.

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

Pembina Pipeline - PBA - Barchart Chart of the Day


Barchart.coms Chart of the Day - Pembina Pipeline (PBA)
Related Stocks
PBA - Pembina Pipeline Cor
Sym Last Chg Pct
PBA 30.80 +0.65 +2.16%
The "Chart of the Day" is Pembina Pipeline (PBA), which showed up on Friday's Barchart "All-Time High" list. Pembina on Friday posted a new all-time high of $30.90 and closed up 2.16%. In recent news on the stock, Canaccord on May 4 upgraded Pembina Pipeline to Buy from Hold. Pembina Pipeline on May reported Q1 EPS of 19 cents and reported volume growth of 15%. Pembina Pipeline, with a market cap of $5 billion, is an energy transportation and service provider based in Canada. The Company operates in four segments; Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. The Conventional Pipelines segment operates a pipeline network that transports crude oil, condensate, and natural gas liquids in Alberta and British Columbia.

pba_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

Orbcomm - ORBC - sell signals

This morning I deleted Orbcomm (ORBC) from the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 88% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 17.03% in the last month
  • 22.28% off its 1 year high
  • Relative Strength Index 28.74%


Gigamedia - GIGM - sell signals

This morning I sold Gigamedia (GIGM) from the Barchart Van Meerten New High portfolio for negative price momentum


Barchart technical indicators:
  • 72% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Down 10.08% in the last month
  • 24.68% off its 1 year high
  • Relative Strength Index 20.83%