Tuesday, March 13, 2012

3 Mid Cap S&P 400 stocks on the move up

This morning I used Barchart to screen the Mid Cap S&P 400 stocks to find the 3 with the most steady upward price momentum and found Fair Isaac (FICO), Under Armour (UA) and Exelis (XLS).

Fair Isaac (FICO)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 7.34% in the last month
  • Relative Strength Index 66.31%
  • Barchart computes a technical support level at 41.77
  • Recently traded at 42.09 with a 50 day moving average of 38.66
Under Armour (UA)

Barchart techical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 16.56% in the last month
  • Relative Strength Index 73.83%
  • Barchart computes a technical support level at 94.86
  • Recently traded at 92.26 with a 50 day moving average of 81.53
Exelis (XLS)


Barchart technical indicators:
  • Stocks trading less than 6 month do not have Opinion or Trend Spotter ratings
  • Above its 20 and 50 day moving averages
  • 12 new highs and up 19.18% in the last month
  • Relative Strength Index 77.53%
  • Recently traded at 12.21 with a 50 day moving average of 10.26





Barchart Morning Call 3/13

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are higher with the Euro Stoxx 50 up +1.10% and Jun S&Ps up +8.10 points at a fresh contract high. The main bullish factor for stocks and commodities today is the larger than expected increase in March German investor confidence on signs the sovereign debt crisis was abating. The Mar German ZEW economic sentiment rose +16.9 to 22.3, stronger than expectations of +4.6 to 10.0 and its best level in 21 months. Another positive for stocks was the +2.5% y/y increase in Feb French CPI, smaller than expectations of +2.6% y/y as inflation pressures recede. The euro fell back against the dollar after European Commissioner Barroso said the situation in Europe "remains fragile as we are not yet out of the crisis," while the head of the Euro-Zone finance ministers, Jean-Claude Juncker, said Spanish Prime Minister Rajoy's goal of a deficit of 5.8% of GDP "is dead." European finance chiefs are calling on Spain to cut an additional 0.5% of deficit out of the 2012 budget, 10-days after Prime Minister Rajoy raised Spain's deficit target for the year. The dollar rose against most currencies on speculation today's Feb U.S. retail sales will be strong enough to keep the Fed from signaling additional dollar negative easing measures at its FOMC meeting today.
  • Asian stocks today closed higher with Japan up +0.09%, China +1.00%, Australia +1.21%, South Korea +1.20%, India +1.28%. Japanese stocks closed higher as exporters rallied when the yen tumbled to a 10-3/4 month low against the dollar, although stocks fell back from their best levels after the BOJ kept the benchmark rate unchanged at 0.00% to 0.10% and also maintained its asset purchase target at 30 trillion yen following its 2-day policy meeting. Chinese stocks received a boost and finished stronger after Deutsche Bank raised its GDP forecast for China this year to 8.6% from 8.3%, while Nomura hiked its China GDP estimate to 8.2% from 7.9%.
Overnight U.S. Stock News
  • June S&Ps this morning are trading up +8.10 points at a fresh contract high. The U.S. stock market Monday settled mixed as global growth concerns were offset by improvement in the U.S. labor market: Dow Jones +0.29%, S&P 500 +0.02%, Nasdaq Composite -0.16%. Bearish factors Monday included (1) concerns over a slowdown in the global economy after Feb China exports rose less than expected (+18.4% y/y versus expectations of +31.1% y/y), (2) concern that Greece may still need additional international support after Moody's Investors Service said that Greece faces "significant challenges" in the coming years to achieve fiscal targets required to satisfy conditions for international support and may not regain market access when its second bailout expires, and (3) weakness in bank stocks after the cost of insuring against default on European sovereign bonds increased to a 1-3/4 month high.
  • Bullish factors Monday included (1) continued improvement in the U.S. labor market after the Feb Conference Board Employment Trends Index rose to 107.5, the highest in 3-1/2 years, (2) comments from the head of the Euro-Zone finance ministers, Jean-Claude Juncker, who said he had "no doubt" that a second bailout program for Greece would be approved, and (3) speculation that recent weak economic data from China will prompt the Chinese government into additional easing measures to spur economic growth.
  • Yahoo! (YHOO) rose 1.8% in pre-market trading after it filed a complaint in federal court late yesterday seeking triple damages and an order barring Facebook from infringing on 10 of its patents.
Today's Market Focus
  • June 10-year T-notes this morning are down -3.5 ticks. T-note prices Monday strengthened and settled higher on global economic growth concerns after Feb China exports rose less than expected along with concern Greece will need further international assistance after its debt swap: TYM2 +1.0, FVM2 -1.2, EDU2 unchanged. Bullish factors Monday included (1) the smaller-than-expected increase in Feb China exports, which signals a slowdown in global economic growth, (2) the statement from Moody's Investors Service that Greece faces "significant challenges" in the coming years to achieve fiscal targets required to satisfy conditions for international support and may not regain market access when its second bailout expires, (3) strong demand for U.S. government debt by U.S. banks after Fed data showed commercial lenders purchased $78.2 billion of Treasuries and securities of agencies in Jan and Feb of this year, compared with purchases of $62.6 billion for all of 2011, and (4) decent demand for the Treasury's $32 billion auction of 3-year T-notes that had a bid-to-cover ratio of 3.44, higher than the 12-auction average of 3.34. Bearish factors included (1) the increase in the Feb Conference Board Employment Trends Index to 107.5, the highest in 3-1/2 years and another sign of improvement in the U.S. labor market and (2) supply pressures ahead of the Treasury's $21 billion auction of 10-year T-notes on Tuesday.
  • The dollar index this morning is stronger with the dollar/yen +0.46 yen and the euro/dollar -0.44 cents. The dollar index Monday rallied up to a 1-1/2 month high early but then shed its advance and settled lower on reduced safe-haven demand as U.S. job prospects brightened in Feb: Dollar Index -0.151, USD/JPY -0.214, EUR/USD +0.00322. Bearish factors included (1) reduced safe-haven demand for the dollar after the Feb Conference Board Employment Trends Index rose 1.4% to 107.5, the highest in 3-1/2 years and another sign the labor market is gaining traction, and (2) strength in the yen against the dollar after Jan Japan machine orders rose more than expected. Bullish factors included (1) increased safe-haven demand for the dollar after the cost of insuring against default on European sovereign bonds increased as the Markit iTraxx SovX Western Europe Index of credit-default swaps on 15 governments rose 4 bp to 355, a 1-3/4 month high and (2) weakness in the Chinese yuan against the dollar after the Feb China trade deficit widened to -$31.48 billion, larger than expectations of -$5.35 billion and the widest in 22 years.
  • Apr crude oil prices this morning are up +45 cents a barrel and Apr gasoline is +1.43 cents per gallon. Crude oil and gasoline prices Monday closed lower after Chinese economic data signaled slower growth in the world's second-largest consumer of crude oil: CLJ12 -$1.06, RBJ -0.94. Bearish factors included (1) the smaller-than-expected increases in Feb China exports, which signals slower economic growth and energy demand, (2) the statement from the secretary-general of the IEA who said "even now the global oil market is well-supplied" and that new discoveries are enough to replace depleting oil fields, and (3) comments from UAE oil minister Mohamed Al-Hamli who tried to jawbone prices lower when he said crude prices are "on the high side," along with comments from Oman Oil Minister Al-Rumhy who said oil prices are "a bit high" and should be at $100 a barrel. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities and (2) the stronger than expected Jan Japan machine orders, which signals greater-than-expected fuel consumption in the world's third-largest oil consumer.
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): VIP-VimpelCom Ltd. (BEST earnings consensus $0.17), WFT-Weatherford International Ltd. (0.32), FDS-Factset Research Systems (1.12), FRAN-Francesca's Holdings (0.17), TLP-Transmontaigne Partners LP (0.55).
Global Financial Calendar
Tuesday 3/13/12
United States
0745 ET ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET Feb retail sales expected +1.1% and +0.7% less autos, Jan +0.4% and +0.7% less autos.
0855 ET Redbook weekly retailer sales.
0900 ET FOMC begins 1-day policy meeting.
1000 ET Mar IBD/TIPP economic optimism expected +0.6 to 50.0, Feb +1.9 to 49.4.
1000 ET Jan business inventories expected +0.5%, Dec +0.4%.
1130 ET Weekly 4-week T-bill auction.
1300 ET Treasury auctions $21 billion 10-year T-notes.
1415 ET FOMC announces interest rate decision (no change expected to the federal funds rate target range of zero to 0.25%).
France
0230 ET Feb France CPI (EU harmonized) expected +0.5% m/m and +2.6% y/y, Jan -0.4% m/m and +2.6% y/y.
United Kingdom
0530 ET Jan U.K. DCLG house prices, Dec +0.1% y/y.
Germany
0600 ET Mar German ZEW economic sentiment expected +4.6 to 10.0, Feb +27.0 to 5.4. Mar ZEW current situation expected +1.2 to 41.5, Feb +11.9 to 40.3.
Euro-Zone
0730 ET ECB President Mario Draghi speaks at an event in Paris.
Japan
1950 ET Q1 Japan BSI all industry, Q4 -2.5 q/q. Q1 BSI large manufacturing, Q4 -6.1 q/q.

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Alexion Pharmaceuticals - ALXN

Barchart.coms Chart of the Day - Alexion Pharmaceuticals (ALXN)
Related Stocks
ALXN - Alexion Pharmaceuticals
Sym Last Chg Pct
ALXN 88.56 +0.69 +0.79%
The "Chart of the Day" is Alexion Pharmaceuticals (ALXN), which showed up on Monday's Barchart "All Time High" list. Alexion on Monday posted a new all-time high of $88.50 and closed up +3.71%. TrendSpotter has been Long since Dec 20 at $68.99. In recent news on the stock, Goldman Sachs on March 2 reiterated Alexion as a Conviction Buy based on the company's high growth potential, attractive drug portfolio, and status as a potential M&A buyout candidate. UBS on Feb 23 upgraded Alexion to a Buy from Neutral and raised the target to $99 from $73. Alexion Pharmaceuticals, with a market cap of $14 billion, develops pharmaceutical products for the treatment of heart disease, and inflammation, diseases of the immune system and cancer in humans.

alxn_700_01
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:

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Sirius XM Radio vs Pandora

Complete Article and Graphs





Sirius Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • The price is up 23.12% in the last quarter and only 2.14% off its 1 year high
  • Relative strength Index 67.40%
  • Barchart computes a technical support level 2.16
  • Recently traded at 2.28 with a 50 day moving average of 2.07
Pandora Barchart technical indicators:
  • 64% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • Although up 23.93% in the last quarter its 48.62% off its 1 year high
  • Relative Strength Index 54.78%
  • Barchart computes a technical support level at 12.47
  • Recently traded at 13.41 with a 50 day moving average of 12.31

Monday, March 12, 2012

Goldman Sachs

Complete Article and Graphs



Barchart technical indicators:
  • 56% Barchart technical buy signal
  • Trend Spotter buy signal
  • Below its 20 day moving average but above its 50 and 100 day moving averages
  • Although the stock is 30.29% lower in the past year it now trades about 2.97% off its 1 year high
  • Relative Strength Index is 63.47%
  • Barchart computes a technical support level at 113.15
  • Recently traded at 117.87 with a 50 day moving average of 106.05









Is the Financial Times cheating subscribers?

For some time I've been a happy subscriber to the Financial Times owned by Pearson PLC (PSO) and enjoyed all the wonderful supplements and magazines that have accompanied my subscription.  Recently I noticed that I haven't received the How to Spend It magazine or any other supplement for that matter and after looking on the on-line site found that although they had published many magazines and supplements, I haven't gotten them.

When I called subscription services I was told that "Corporate" had made the decision not to distribute them anymore to many US subscribers.  I protested that I had paid for a full subscription and that it was unreasonable for them to cut services without notice.

In my next issue was an insert from Michael Skapinker, Editor of Special Reports and Supplements surveying subscribers on the magazines and supplements.  I immediately emailed him to ask why he was surveying a discontinued product but he hasn't responded.  Leslie McCoffery from Subscription Services promised me some answers and comments for this article but to date I haven't gotten a rely.

I have questions I'd like answered:

1 - How can a newspaper promise certain services, take my money and then decide not to deliver without notice or refunds?

2 - Have the advertisers who paid for advertisements in the magazines and supplements been informed that it is no longer being delivered to a large number of subscribers and have they received refunds or have advertising rates been adjusted?

Last year the company announced huge layoffs of staff some having over 20 years tenure with the firm and just last month the company announced 26% reduction in net profits.  Is the Financial Times is trouble?

They now join the list of companies cutting services or increasing fees.  Bank of America (BAC) had to reverse itself amid consumer protests of increased fees.  AT&T (T) is seeing customers of their unlimited services finding out the you may pay for unlimited services but that doesn't mean you'll get it.  Now Financial Times cuts the content you've been promised without refunds or notice.

If you are one of the many customers who have been effected email Michael Skapinker, Editor and vice your displeasure:   His email address:  michael.skapinker@ft.com

Maybe you can get the answers I can't get.

5 Large Cap S&P 500 stocks you can't ignore

This morning I used Barchart to screen the Large Cap S&P 500 stocks to find the 5 with be most steady upward momentum and found TJX Companies (TJX), Chipolte Mexican Grill (CMG), O'Reilly Automotive (ORLY), AT & T (T) and Cerner (CERN)

TJX Companies (TJX)


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 11.15% in the last month
  • Relative Strength Index 76.20%
  • Barchart computes a technical support level at 37.80
  • Recently traded at 38.17 with a 50 day moving average of 34.56
Chipolte Mexican Grill (CMG)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 14 new highs and up 5.96% in the last month
  • Relative Strength Index 71.97%
  • Barchart computes a technical support level at 396.56
  • Recently traded at 399.42 with a 50 day moving average of 370.44
O'Reilly Automotive (ORLY)


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 8.12% in the last month
  • Relative Strength Index 70.52%
  • Barchart computes a technical support level at 89.84
  • Recently traded at 90.20 with a 50 day moving average of 83.92
AT&T (T)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 4.99% in the last month
  • Relative Strength Index 71.90%
  • Barchart computes a technical support level at 31.12
  • Recently traded at 31.30 with a 50 day moving average of 30.20
Cerner (CERN)


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.95% in the last month
  • Relative Strength Index 70.11%
  • Barchart computes a technical support level at 75.36
  • Recently traded at 76.26+ with a 50 day moving average of 66.95








Barchart Morning Call 3/12

Barchart Morning Call
Overnight Developments
  • Global stocks this morning are mostly lower with the Euro Stoxx 50 down -0.09% and Jun S&Ps down -1.00 point. The dollar index fell back from a 1-1/2 month high and commodities were mixed as Euro-Zone finance ministers meet in Brussels to sign off on a 130 billion-euro second bailout package for Greece after bondholders agreed to take a haircut on their holdings of Greek debt. The euro slid to a 3-week low against the dollar on concern that other indebted European countries may take the same path as Greece and force bondholders to take losses on their sovereign-debt holdings. The main bearish factor for stock prices was the weaker-than-expected Feb China exports, which raises concern that growth in the world's second-largest economy may be slowing. On the positive side, Peugeot, Europe's second-largest carmaker, rose 2.8% and Fiat climbed 2.2% after Milano Finanza reported that Fiat favors an alliance with Peugeot to make commercial vehicles.
  • Asian stocks today closed mostly lower with Japan down -0.40%, China -0.37%, Australia -0.36%, South Korea -0.71%, India +0.48%. Asian stocks weakened after Feb China exports grew at a slower-than-estimated pace, which overshadowed a rebound in Jan Japan machinery orders and better-than-expected U.S. jobs data. Feb China exports rose +18.4% y/y, weaker than expectations of +31.1% y/y as China posted a trade deficit in Feb of -$31.48 billion, larger than expectations of -$5.35 billion and the widest in 22 years. Chinese rail and train builders also closed lower after a 1,000 foot section of an unopened high-speed railway collapsed in central China's Hubei province following heavy rains. Japanese stocks finished lower despite a larger-than-expected increase in Jan Japan machine orders which rose +3.4% m/m and +5.7% y/y, stronger than expectations of +2.3% m/m and +4.4% y/y.
Overnight U.S. Stock News
  • June S&Ps this morning are trading down -1.00 point. The U.S. stock market Friday settled higher for a third day after Feb U.S. payrolls increased more than forecast along with reduced European sovereign-debt concerns after Greece received bailout funds from the EU to avoid default: Dow Jones +0.11%, S&P 500 +0.36%, Nasdaq Composite +0.60%. The S&P 500 posted a 1-week high and the Nasdaq rose to an 11-year high. Bullish factors Friday included (1) strength in the U.S. labor market after the larger-than-expected increase in Feb U.S. non-farm payrolls along with the upward revision to Jan (Feb +227,000 versus expectations of +210,000, and Jan revised up to +284,000 from the originally reported +243,000), (2) reduced European sovereign-debt concerns after EU finance ministers freed 35.5 billion euros of aid for Greece and backed the country's debt swap with private creditors, (3) strength in homebuilding stocks after Credit Suisse upgraded the sector to a buy, and (4) speculation China may have more room for additional stimulus measures after Feb China CPI rose +3.2% y/y, weaker than expectations of +3.4% y/y and its smallest increase in 20 months.
  • Bearish factors Friday included (1) the Jan U.S. trade balance of -$52.6 billion, wider than expectations of -$49.0 billion and the most in 3-1/4 years, which is negative for Q1 U.S. GDP and (2) slack wage growth that may curtail consumer spending after Feb U.S. average hourly earnings rose +0.1% m/m and +1.9% y/y, weaker than expectations of +0.2% m/m and +2.0% y/y.
  • Oracle (ORCL) fell 1.5% in pre-market trading after Jeffries Group cut its recommendation on the stock to "hold" from "buy."
Today's Market Focus
  • June 10-year T-notes this morning are up +6 ticks. T-note prices Friday settled lower for a third day after Feb U.S. payrolls rose more than expected along with reduced safe-haven demand for Treasuries as Greece received bailout funds needed to avoid default: TYM2 -6.0, FVM2 -4.0, EDU2 -2.0. Bearish factors Friday included (1) the larger-than-expected increase in Feb U.S. non-farm payrolls along with the upward revision to Jan (Feb +227,000 versus expectations of +210,000, while Jan was revised up to an increase of +284,000 from the originally reported +243,000), (2) decreased safe-haven demand for Treasuries after Greece received 35.5 billion euros of bailout funds from EU finance ministers after it successfully completed its debt swap plan, which slashes the prospects of a Greek default, and (3) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Monday. Bullish factors included (1) the Jan U.S. trade balance of -$52.6 billion, wider than expectations of -$49.0 billion and the most in 3-1/4 years, which is negative for Q1 U.S. GDP and (2) a lack of wage pressures after Feb U.S. average hourly earnings rose +0.1% m/m and +1.9% y/y, weaker than expectations of +0.2% m/m and +2.0% y/y.
  • The dollar index this morning is weaker with the dollar/yen -0.24 yen and the euro/dollar -0.15 cents. The dollar index Friday shook off early weakness and rallied up to a 3-week high and settled higher after stronger-than-expected U.S. job growth diminished the outlook for additional Fed easing along with weakness in the yen which plunged to a 10-1/2 month low against the dollar: Dollar Index +0.902, USD/JPY +0.894, EUR/USD -0.01513. Bullish factors included (1) the stronger-than-expected increase in Feb U.S. non-farm payrolls, which reduces the chance the Fed will implement additional dollar negative stimulus measures, and (2) weakness in the yen on speculation the BOJ may need to boost its yen-negative stimulus measures to shore up the Japanese economy. Bearish factors included (1) the wider-than-expected Jan U.S. trade balance of -$52.6 billion, the most in 3-1/4 years, (2) reduced safe-haven demand for the dollar after EU finance ministers freed 35.5 billion euros of aid for Greece when it reached its target for its debt swap, and (3) the larger-than-expected increase in Jan German exports, which is EUR/USD positive.
  • Apr crude oil prices this morning are down -$1.05 a barrel and Apr gasoline is -1.93 cents per gallon. Crude oil and gasoline prices Friday settled higher for a third day after Greece met its target for its debt swap, which reduces default concerns, along with the stronger-than-expected gain in Feb U.S. non-farm payrolls, a sign of economic strength: CLJ12 +$0.82, RBJ +1.84. Apr gasoline rose to a 1-week high. Bullish factors included (1) reduced chances of Greek default after EU finance ministers freed 35.5 billion euros of aid for Greece after it reached its target for its debt swap, (2) the larger-than-expected increase in Feb U.S. non-farm payrolls, which bolsters confidence in the U.S. economic outlook and energy demand, and (3) strong fuel demand in China after Chinese crude processing rose to 9.38 million barrels a day in Jan and was 9.32 million barrels a day in Feb, both above the previous record in Dec of 9.28 million barrels a day. Bearish factors included (1) the rally in the dollar index to a 3-week high, which dampens investment demand for most commodities and (2) the action by OPEC to cut its 2012 global oil demand forecast by -130,000 barrels a day to 88.63 million barrels saying "risks remain on the downside as the economic outlook for the remainder of the year is still uncertain and retail oil prices are in the upper band."
Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): URBN-Urban Outfitters (BEST earnings consensus $0.29), AL-Air Lease (0.24), PNY-Piedmont Natural Gas (1.19), CLNE-Clean Energy Fuels (-0.17), CHDN-Churchill Downs (-0.01), SNHY-Sun Hydraulics (0.30), RDEA-Ardea Biosciences (-0.90), AWR-American States Water (0.37), KW-Kennedy-Wilson Holdings (0.13), IRET-Investors Real Estate Trust (0.01), REN-Resolute Energy (0.11).
Global Financial Calendar
Monday 3/12/12
United States
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1300 ET Treasury auctions $32 billion 3-year T-notes.
1400 ET Feb monthly budget statement expected -$229.4 billion, Jan -$27.412 billion.
Japan
0100 ET Feb Japan consumer confidence expected +0.5 to 40.5, Jan +1.1 to 40.0.
1950 ET Jan Japan tertiary industry index expected +0.2% m/m, Dec +1.4% m/m.
Germany
0300 ET Feb German wholesale price index expected +1.0% m/m and +2.6% y/y, Jan +1.2% m/m and +3.0% y/y.
Euro-Zone
1200 ET Euro-Zone finance ministers meet in Brussels.
United Kingdom
2001 ET Feb U.K. RICS house price balance expected -14%, Jan -16%.

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

W W Grainger - Barchart Chart of the Day

Bovie Medical - BVX - deleted

This morning I deleted Bovie Medical (BVX) for the Barchart Van Meerten Speculative portfolio for negative price momentum.


Barchart technical indicators:
  • 56% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 34.43% off its 1 year high
  • Relative Strength Index 34.04%