Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2011-11-06

Friday, November 11, 2011

Cabot Oil & Gas -- COG - Barchart Cahrt of the Day

Barchart.coms Chart of the Day - Cabot Oil Gas (COG)

Barchart Research Team - Barchart.com - Thu Nov 10, 5:36PM CST

Related Stocks

COG - Cabot Oil & Gas Corp.

Sym	Last	Chg	Pct
COG	88.69	+2.14	+2.47%

The "Chart of the Day" is Cabot Oil & Gas (COG), which showed up on Thursday's Barchart "All Time High" list. Cabot on Thursday rallied by 7.73% and posted a new all-time high of $87.41. TrendSpotter has been Long since Oct 28 at $80.20. In recent news on the stock, Cabot on Oct 26 reported Q3 EPS of 34 cents versus the consensus of 36 cents, but reported continued drilling success in the Marcellus, Marmaton and Eagle Ford Shale Plays, along with new capacity expansion in the Marcellus. Caris on Oct 6 initiated coverage with a Buy and a target of $98. Cabot has periodically seen strength its stock price due to takeover chatter. Cabot Oil & Gas, with a market cap of $8.7 billion, is an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin.

cog_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

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Barchart Morning Call 11/11

Barchart Morning Call

Barchart.com - 1 hr 47 mins ago

Overnight Developments

Global stocks this morning are higher with the Euro Stoxx 50 up +0.40% and Dec S&Ps up +7.30 points. The dollar is lower and Treasuries are little changed, while commodities are mixed as crude oil posted a 3-1/4 month high. Steps by European leaders to address the region's debt crisis is boosting equities as Italy's Senate will vote on debt-reduction measures today that will pave the way for a new government led by former EU Competition Commissioner Mario Monti, while Greece will swear in former ECB Vice President Lucas Papademos to head a unity government. A fall in Italian and French government bond yields lifted the euro, although gains were muted after ECB Council member Nowotny said the ECB could act "more decisively" if the European economy is going into a slump.
Asian stocks today closed mixed with Japan up +0.16%, China -0.17%, Australia +1.23%, South Korea +2.95%, India -0.97%. Asian stocks rallied as European leaders took steps to address the region's debt crisis, although gains in Japanese stocks were limited as exporters weakened after the yen rose to a 1-1/2 week high against the dollar. China's lending rose more than expected last month; a sign the government may be loosening loan quotas to support economic growth. Oct China new loans rose 586.8 billion yuan, more than the 500 billion yuan expected and the highest amount since June. Losses in Chinese shipbuilders were a drag on the overall market after the Xinhua News Agency reported that Vice Commerce minister Zhong Shan said that China faces a pessimistic foreign trade outlook amid global economic turmoil, rising labor and raw material costs and mounting pressure on the yuan.

Overnight U.S. Stock News

December S&Ps this morning are trading up +7.30 points. The US stock market yesterday moved higher as European debt concerns eased and after weekly U.S. jobless claims unexpectedly fell to a 7-month low: Dow Jones +0.96%, S&P 500 +0.86%, Nasdaq Composite +0.00%. Bullish factors included (1) reduced European debt concerns after Italian bond yields fell after Italy drew double the bids for the amount offered at a bill sale, which temporarily eases concern that it faces funding challenges, (2) the action by Greece to chose a Prime Minister to lead its coalition government, which may now implement austerity measures it needs to secure additional financing to avoid default, (3) the action by Standard & Poor's to reiterate its AAA credit rating on France after rumors started that S&P might cut France's credit rating, (4) the unexpected drop in weekly initial unemployment claims to their lowest level in 7 months (-10,000 to 390,000 versus expectations of +3,000 to 400,000), and (5) the unexpected fall in the Sep trade balance which narrowed to a 9-month low and may boost Q3 GDP (-$43.1 billion versus expectations of -$46.0 billion).
Bearish factors included (1) concern over contagion of the European debt crisis to France after credit default swaps to insure French government debt rose to a record high, (2) comments from ECB Council member Kranjec who said Europe's economic situation is "worsening" as it struggles through the debt crisis, and (3) weakness in technology stocks after Apple declined when analysts at Cleveland Research cut their predictions of iPad shipments to 12 million from 14 million for the quarter ending December due to supply restraints.
Walt Disney (DIS) rose 3.1% in European trading after the company reported Q4 earnings of 59 cents a share, beating analysts' estimates of 55 cents.

Today's Market Focus

December 10-year T-notes this morning are down -1.5 ticks. T-note prices yesterday moved lower after weekly U.S. jobless claims unexpectedly fell to a 7-month low and safe-haven demand subsided after Italian government bond yields fell and as Greece finally chose a new prime minister to lead a coalition government: TYZ11 -15, FVZ11 -5.7, EDH12 -1.5. Bearish factors included (1) the unexpected drop in weekly initial unemployment claims to their lowest level in 7 months (-10,000 to 390,000 versus expectations of +3,000 to 400,000), (2) the unexpected fall in the Sep trade balance which narrowed to a 9-month low and may boost Q3 GDP (-$43.1 billion versus expectations of -$46.0 billion), (3) reduced safe-haven demand for Treasuries as stocks rallied after European debt concerns eased when Italian bond yields fell and after Greece chose a Prime Minister to lead its coalition government, which may now implement austerity measures it needs to secure additional financing to avoid default, and (4) slack demand for the Treasury's $16 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.40, below the 12-auction average of 2.65. Bullish factors included (1) the weaker-than-expected Oct import price index (-0.6% m/m and +11.0% y/y versus expectations of unchanged m/m and +11.8% y/y), (2) comments from ECB Council member Kranjec that may boost the safe-haven demand for Treasuries when he said Europe's economic situation is "worsening" as it struggles through the debt crisis and (3) comments from Fed Chairman Bernanke that may signal support for additional stimulus when he said the Fed is concentrating "intently" on reducing unemployment and that inflation will stay under control for the "foreseeable future."
The dollar index this morning is weaker with the dollar/yen -0.26 yen and the euro/dollar +0.34 cents. The dollar index yesterday settled lower as the euro strengthened when Italian bond yields fell and after Standard & Poor's reiterated its AAA credit rating on France: Dollar Index -0.183, USDJPY -0.169, EURUSD +0.00681. The dollar index posted a 1-month high but gave up its gains and closed lower. Bearish factors included (1) strength in the euro after Italian bond yields fell after Italy drew double the bids for the amount offered at a bill sale, which temporarily eases concern that it faces funding challenges, (2) the action by Standard & Poor's to reiterate its AAA credit rating on France after rumors started that S&P might cut France's credit rating, and (3) comments from Fed Chairman Bernanke who said the Fed is focusing "intently" on supporting job growth, which may lead to additional dollar negative stimulus measures. Bullish factors included (1) the action by the European Commission to cut its Euro-Zone growth forecast for this year to 1.5% from an earlier projection of 1.6% and the cut in its estimate for next year to 0.5% from an earlier estimate of 1.8%, which is euro negative, and (2) comments from ECB Council member Kranjec who said Europe's economic situation is "worsening" as it struggles through the debt crisis.
Dec crude oil prices this morning are up +7 cents a barrel at a fresh 3-1/4 month high and Dec gasoline is -2.00 cents per gallon. Crude oil and gasoline prices yesterday finished mixed as a drop in U.S. jobless claims to a 7-month low and reduced European debt concerns boosted crude, while the action by the European Commission to lower its GDP forecast for the Euro-Zone undercut gasoline: CLZ11 +$2.04, RBZ11 -0.74. Dec crude posted 3-1/4 month high. Bullish factors included (1) the weaker dollar, which increases investment demand for commodities, (2) the unexpected fall in weekly U.S. jobless claims to their lowest level in 7 months, which spurs optimism a recovering economy will boost fuel demand, and (3) reduced European debt concerns after Italian bond yields retreated from record highs, which eased concern the European debt crisis was worsening. Bearish factors included (1) the action by the European Commission to cut its Euro-Zone growth forecast for this year and next, which signals reduced fuel consumption, and (2) the action by the IEA to reduce its 2012 global oil demand forecast for a third month as it cut its consumption forecast for next year by 20,000 barrels to 90.5 million barrels a day because of lower usage expectations for the U.S. and Japan.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): DHI-DR Horton (BEST earnings consensus $0.13), DDS-Dillard's (0.32), CRIC-China Real Estate Information (0.13), EJ-E-House China Holdings Ltd. (0.12).
Global Financial Calendar

Friday 11/11/11
United States
0955 ET	Preliminary Nov U.S. University of Michigan consumer confidence expected +0.6 to 61.5, Oct +1.5 to 60.9.
1315 ET	Fed Vice Chairman Janet Yellen gives luncheon keynote address at the Chicago Fed?s 14th Annual International Banking Conference.
1445 ET	San Francisco Fed President John Williams speaks on a panel titled ?Monetary and Macro-prudential Policies: Challenges and Solutions? at the IMF?s annual research conference.
n/a	Cash U.S interest rate and forex markets closed for Veterans Day. Equities open regular hours.
United Kingdom
0430 ET	Oct U.K. PPI input prices expected -0.3% m/m and +14.6% y/y, Sep +1.7% m/m and +17.5% y/y.
0430 ET	Oct U.K. PPI output prices expected +0.2% m/m and +5.9% y/y, Sep +0.3% m/m and +6.3% y/y.
0430 ET	Oct U.K. PPI output core expected +0.1% m/m and +3.6% y/y, Sep +0.3% m/m and +3.8% y/y.
Euro-Zone
0630 ET	ECB Council member Jose Gonzales-Paramo speaks in a round table discussion on ?Financial Stability: What Role for Securities Markets?? at the CNMV International Conference in Madrid.

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SolarWinds -- SWI -- Barcgart Chart of the Day

Barchart.coms Chart of the Day - SolarWinds (SWI)

Barchart Research Team - Barchart.com - Wed Nov 09, 6:35PM CST

Related Stocks

SWI - Solarwinds

Sym	Last	Chg	Pct
SWI	30.48	+0.87	+2.94%

The "Chart of the Day" is SolarWinds (SWI), which showed up on Wednesday's Barchart "All Time High" list. SolarWinds on Wednesday rallied by 0.41% and posted a new all-time high of $30.40. TrendSpotter has been Long since Oct 14 at $24.43. In recent news on the stock, Needham on Nov 9 upgraded SolarWind to Buy from Hold. SolarWinds on Oct 27 reported Q3 earnings of 31 cents, higher than the consensus of 23 cents. Solarwinds (SWI), with a market cap of $2.1, provides network management software.

swi_700

TrendSpotter: Buy
Short-Term Indicators: 80% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 96% Buy

Chart of the Day Archive
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Wednesday, November 9, 2011

Barchart Morning Call 11/9

Barchart Morning Call

Barchart.com - 19 mins ago

Overnight Developments

Global stocks this morning are sinking with the Euro Stoxx 50 down -1.74 % and Dec S&Ps down -27.10 points. Treasuries and the dollar are higher on increased safe-haven demand and commodities tumbled after credit default swaps to insure Italian government debt climbed to a record 538 bp. The euro fell to a 1-week low against the dollar after LCH Clearnet SA, Europe's largest clearing house, increased the margin level it demands to trade Italian securities. The yield on Italy's 10-year bond rose to a euro-era record of 7.43% on concern Italy will join Greece in struggling to form a new government strong enough to implement austerity measures following the resignation of Prime Minister Berlusconi. Greek Prime Minister Papandreou's talks on forming an interim government dragged into a third day as a near-agreement with the biggest opposition party stalled on EU demands for written commitments. German Chancellor Merkel's economic advisers said the debt crisis will cut GDP growth in Germany next year to 0.9% after 3.0% growth in 2011.
Asian stocks today closed mostly higher with Japan up +1.15%, China +0.88%, Australia +1.22%, South Korea +0.37%, India -1.18%. Chinese stocks finished higher on reduced inflation fears after Oct China CPI fell as expected to +5.5% y/y from +6.1% y/y in Sep, while Oct China producer prices rose +5.0% y/y, weaker than expectations of +5.8% y/y. Oct China industrial production rose +13.2% y/y, weaker than expectations of +13.4% y/y and the smallest increase in a year, which fuels speculation the government may loosen monetary policies. Australian banks closed higher after the nation's Sep home-loan approvals rose +2.2% m/m, more than expectations of +1.5% m/m and their sixth straight monthly gain. Gains in Japanese stocks were limited as the yen rose to a 1-week high against the dollar, which crimps the earnings prospects for exporters.

Overnight U.S. Stock News

December S&Ps this morning are trading shraply lower by -24.10 points. The US stock market yesterday gyrated between gains and losses until early afternoon when they rallied into the close and settled higher after Italian Prime Minister Berlusconi agreed to step down: Dow Jones +0.84%, S&P 500 +1.17%, Nasdaq Composite +1.20%. The Dow, S&P 500 and Nasdaq all posted 1-week highs. Bullish factors included (1) carry-over support from a rally in European stocks after an unexpected +0.9% m/m increase in Sep German exports, which reduced concern the European debt crisis would cripple the European economy, (2) data from the Labor Department that showed Sep U.S. job openings rose +225,000 or +7.2% m/m to 3.35 million, a 3-year high and a sign of improvement in the U.S. labor market, and (3) the statement from Italy's president that Prime Minister Berlusconi will resign, which bolsters optimism that Italy will appoint a new leader who can resolve its debt crisis.
Bearish factors included (1) concern the European debt crisis will worsen after the 10-year Italian bond yield rose to a euro-era high of 6.76% when Prime Minister Berlusconi failed to muster an absolute majority in a parliamentary budget vote, which fuels concern the divided Italian government will be unable to pass all of the austerity measures it needs to stem its debt crisis and (2) comments from Philadelphia Fed President Plosser who said he doesn't see further easing as "justified."
Adobe Systems (ADBE) plunged 11% in European trading after the company said fiscal Q4 net income will be 30 cents to 38 cents a share, compared with a previous forecast of 41 cents to 50 cents.

Today's Market Focus

December 10-year T-notes this morning are up +17.5 ticks. T-note prices yesterday settled lower on supply pressures from this week's Nov quarterly refunding of $72 billion of Treasury notes and bonds along with reduced safe-haven demand when stocks after Italian Prime Minister Berlusconi resigned: TYZ11 -16, FVZ11 -6.2, EDH12 -0.5. Bearish factors included (1) data from the Labor Department that showed Sep U.S. job openings rose +225,000 to 3.35 million, a 3-year high and a sign of improvement in the U.S. labor market (2) the statement from Italy's president that Prime Minister Berlusconi will resign, which bolsters optimism that Italy will appoint a new leader who can resolve its debt crisis, (3) comments from Philadelphia Fed President Plosser who said he doesn't see further easing as "justified," and (4) supply pressures ahead of the Treasury's $24 billion auction of 10-year T-notes on Wed. Bullish factors included (1) increased safe-haven demand for Treasuries on concern the European debt crisis will worsen after the 10-year Italian bond yield rose to a euro-era high of 6.76% when Prime Minister Berlusconi failed to muster an absolute majority in a parliamentary budget vote, which fueled concern the divided Italian government will be unable to pass all of the austerity measures it needs to stem its debt crisis and (2) stellar demand for the Treasury's $32 billion auction of 3-year T-notes that had a record bid-to-cover ratio of 3.41, higher than the 12-auction average of 3.19 and the highest since bid-to-cover data for 3-year T-note auctions began in 1993.
The dollar index this morning is higher with the dollar/yen -0.09 yen and the euro/dollar -1.92 cents at a 1-week low. The dollar index yesterday closed lower as the euro strengthened after German exports unexpectedly rose in Sep and Italy's President said Prime Minister Berlusconi will resign: Dollar Index -0.376, USDJPY -0.322, EURUSD +0.00580. Bearish factors included (1) a rally in the yen to a 1-week high against the dollar, (2) the statement from Italy's president that Prime Minister Berlusconi will resign, which bolsters optimism that Italy will appoint a new leader who can resolve its debt crisis, and (3) the unexpected increase in Sep German exports for a second month, a sign of economic strength that is euro positive. Bullish factors included (1) the failure of Italian Prime Minister Berlusconi to win a parliamentary budget vote by an absolute majority, which fueled concern he will remain in power and keep the divided Italian government from passing all of the austerity measures it needs to stem its debt crisis and (2) increased safe-haven demand for the dollar on concern the European sovereign debt crisis may worsen after the yield on the Italian 10-year bond rose to a euro-era record of 6.76%.
Dec crude oil prices this morning are down -$1.19 a barrel and Dec gasoline is -2.92 cents per gallon. Crude oil and gasoline prices yesterday settled mixed as OPEC's action to raise its global crude demand estimates along with speculation Iran's nuclear program may threaten Middle East stability boosted crude, but gasoline fell on the failure of Italian Prime Minister Berlusconi to win an absolute majority on a budget vote, which fueled concern the European debt crisis will worsen: CLZ11 +$1.28, RBZ11 -2.18. Dec crude climbed to a 3-month high and Dec gasoline rose to a 3-week high. Bullish factors included (1) the weak dollar, (2) the action by OPEC to raise its 2015 global oil demand estimate to 92.9 million barrels a day, up 1.9 million barrels from last year's estimate of 91.0 million barrels a day, (3) a report from Commerzbank AG that said concern about Iran's nuclear program and the risk of an attack on its facilities "justifies a certain risk premium" on the price of oil, and (4) comments from OPEC Secretary-General Abdalla el-Badri who said that "some OPEC member countries are reducing their production to accomodate Libya." Bearish factors included (1) the failure by Italian Prime Minister Berlusconi to win a budget vote without an absolute majority, which fuels concern that Italy may be unable to pass all the austerity measures it needs to stem its debt crisis and (2) the weaker-than-expected Nov IBD/TIPP economic optimism which signals a lack of economic confidence in the U.S. economy that may lead to reduced fuel demand. Expectations for the weekly DOE inventory report on Wednesday are for crude oil supplies to rise +500,000 bbl, gasoline stockpiles to increase +500,000 bbl, distillate inventories to fall -2.0 million bbl and the refinery utilization rate to rise +0.1 to 85.4%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CSCO-Cisco Systems (BEST earnings consensus $0.39), GM-General Motors (0.96), RL-Ralph Lauren (2.24), M-Macy's (0.16), GGP-General Growth Properties (0.08), GMCR-Green Mountain Coffee Roasters (0.48), CSC-Computer Sciences (0.67), AAP-Advanced Auto Parts (1.18), RKT-Rock-Tenn (1.56), ASH-Ashland (0.93), CZZ-Cosan Ltd. (0.27), ATO-Atmos Energy (0.04), AH-Accretive Health (0.12), FLT-FleetCor Technologies (0.49), PSMT-Pricesmart (0.55), WEN-Wendy's (0.04).
Global Financial Calendar

Wednesday 11/9/11
United States
0700 ET	Weekly MBA mortgage applications, previous +0.2% with purchase mortgage sub-index +1.8% and refinancing sub-index -0.2%.
0930 ET	Fed Chairman Ben Bernanke delivers opening remarks at a conference in Washington D.C. titled ?Small Business and Entrepreneurship During an Economic Recovery.?
1000 ET	Sep wholesale inventories expected +0.5%, Aug +0.4%.
1215 ET	Fed Governor Daniel Tarullo speaks on ?Current Issues in Financial Regulation? at a conference in New York.
1300 ET	Treasury auctions $24 billion 10-year T-notes.
Japan
0000 ET	Oct Japan eco watchers survey current expected 46.5, Sep 45.3. Oct eco watchers survey outlook, Sep 46.4.
1850 ET	Sep Japan machine orders expected -7.1% m/m and +10.6% y/y, Aug +11.0% m/m and +2.1% y/y.
France
0230 ET	Oct Bank of France business sentiment expected -1 to 96, Sep unchanged at 97.
Canada
0830 ET	Sep Canada new housing price index expected +0.1% m/m, Aug +0.1% m/m and +2.3% y/y.
CHI
n/a	Oct China trade balance expected +$26.05 billion, Sep +$14.51 billion. Oct exports expected +16.2% y/y, Sep +17.1% y/y. Oct imports expected +23.0% y/y, Sep +20.9% y/y.

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Seattle Genetics - SGEN - deleted

This morning I deleted Seattle (SGEN) from the Barchart Van Meerten New High portfolio for negative price momentum:

60% Barchart short term sell signal
Trend Spotter technical sell signal
Below its 20, 50 and 100 day moving average
Down 23.57% from its 1 year high
Relative Strength Index 31.96% and falling

Urologix sell

Today I deleted Urologix (ULGX) from the Barchart Van Meerten Speclative portfolio for negative price performance:

60% Barchart short term technical sell signal
Trend Spotter hold getting weaker
Down 28.68% from its 1 year high
Below its 20, 50 and 100 day moving anverages
Relative Strength Index 45.64% and falling

Bed Bath and Beyond (BBBY) - Barchart Chart of the Day

Barchart.coms Chart of the Day - Bed Bath Beyond (BBBY)

Barchart Research Team - Barchart.com - Tue Nov 08, 6:09PM CST

Related Stocks

BBBY - Bed Bath & Beyond Inc.

Sym	Last	Chg	Pct
BBBY	63.44	+0.48	+0.76%

The "Chart of the Day" is Bed Bath & Beyond (BBBY), which showed up on Tuesday's Barchart "All Time High" list. Bed Bath & Beyond on Tuesday rallied by 0.76% and posted a new all-time high of $63.83. TrendSpotter has been Long since Oct 11 at $59.46. BBBY on Tuesday rallied on unconfirmed rumors of a possible private equity buyout offer. Williams Capital on Oct 28 initiated coverage with a Buy rating and a target of $77. However, Morgan Stanley on Oct 27 initiated coverage with an Underweight and a target of $58. Bed Bath & Beyond, with a market cap of $15 billion, is a nationwide operator of superstores selling predominantly domestics merchandise and home furnishings.

bbby_700

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

Chart of the Day Archive
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Tuesday, November 8, 2011

Cisco is reorganizing

COMPLETE ARTICLE AND GRAPHS

Cisco Systems (CSCO) seems to be doing all the correct measures in it's bid to reorganize and stay profitable. Recently they identified over $1 billion in possible cost savings and have cut their work force by over 13,000. Recent price momentum over the past month has been positive as this hourly trading chart provided by Barchart shows:

Barchart technical indicators:

96% Barchart overall technical buy signal
Trend Spotter technical buy signal
Trading above its 20, 50 and 100 day moving averages
15 new up days and up 18.21% in the last month
Relative Strength Index 67.34% and rising
Barchart computes a technical support level at 18.10
Recently traded at 18.33 with a 50 day moving average of 16.40

Summary: Cisco Systems (CSCO) has been a long term favorite and in my book deserves to stay there. If the cost savings are met and the P/E ratio returns to its former points investors could see a 14% - 16% annual return over the next 5 years

CitiGroup - More promise than substance

COMPLETE ARTICLE AND GRAPHS

There are many, many investors that are looking for the banking sector to give them back back the beating they have been taking for sticking with then through thick and thin. Gone are the days when the money center banks were solid investments with a nice fat dividend you could count on. Citigroup (C) has been no exception. Citi still has about $22 billion in loans to the PIIGS (Portugal, Ireland, Italy, Greece and Spain) but is trying to sell those off as the few speculative buyers put in bids.

Let's look at the numbers without emotion and see what we find. The price momentum is up recentlly as this graph from Barchart of last months hourly price movement shows:

Barchart technical indictors:

Barchart uses various technical indicators to analyze price movements for periods of 7 days to 6 months
At the present time although the overall weighted average of all the indicators is a positive 48% buy the buy signals are weakening
The Barchart Trend Spotter technical indicators is a weakening buy also
The stock is currently trading above its 20 and 50 day moving averages but is still below its 100 day moving average
The stock has had 11 up days and has gained 26.35% in the last month but is still 5.90% off its recently high and is down 37.15% from its 1 year highs
Relative Strength Index is 31.23% and climbing
Barchart computes a technical support level at 31.23
Recently traded at 32.24 with a 50 day moving average of 28.18

Barchart Morning Call 11/8

Barchart Morning Call

Barchart.com - 24 mins ago

Overnight Developments

Global stocks this morning are mixed with the Euro Stoxx 50 up +1.35% and Dec S&Ps up +4.30 points. The dollar and Treasuries moved lower, while commodities gained with crude oil at a new 3-month high. The markets are awaiting the vote in Italy later today that will show if Italian Prime Minister Berlusconi has enough support in Parliament to stay in power and implement austerity measures. Stocks received a boost after German exports in Sep unexpectedly climbed for a second month. Sep German exports rose +0.9% m/m, stronger than expectations of -0.5% m/m. The 10-year Italian bond yield fell back after rising to 6.74%, the most since before the euro was introduced in 1999. Vodafone gained 2.3% after Europe's third-largest phone company predicted full-year adjusted operating profit of 11.4 billion pounds to 11.8 billion pounds, the upper half of the range indicated in May, while Societe Generale advanced 7.7% after it said it won't pay a dividend for 2011, a decision that will reduce its capital needs under European Banking Authority requirements.
Asian stocks today closed mostly lower with Japan down -1.27%, China -0.31%, Australia +0.48%, South Korea -0.98%, India +0.04%. Asian stocks settled lower as exporters to Europe declined ahead of a parliamentary vote in Italy. Losses in railway companies and property developers led Chinese stocks lower after the China Securities Journal reported the country may reduce spending on railways to 500 billion yuan a year through 2015 from an expected 800 billion yuan and the Shanghai Securities News reported that authorities have prepared several measures, including a property tax hike, to prevent home prices from rebounding. China's 1-year interest rate swap fell to an 8-month low of 3.15% after the PBOC lowered its 1-year bill yield for the first time since 2008, which adds to evidence of a loosening monetary policy. Japanese stocks fell, led by losses in Japanese brokerages on concerns about corporate governance in Japan, after Olympus tumbled 29% when the company said it hid losses by paying inflated fees to advisors on the 2008 acquisition of Gyrus Group Plc.

Overnight U.S. Stock News

December S&Ps this morning are trading up +4.30 points. The US stock market yesterday traded lower early on concern Europe's most indebted countries may struggle to manage their debt levels, but prices recovered and settled higher after ECB Council member Stark said the European debt crisis will be controlled: Dow Jones +0.71%, S&P 500 +0.63%, Nasdaq Composite +0.34%. Bullish factors included (1) data from the U.S. Conference Board that showed its Employment Trends Index in Oct rose +0.72 to 101.92 and is up 5% from the same month a year ago, which indicates improvement in the labor market, (2) comments from Boston Fed President Rosengren who said the Fed should act to bring down "stubbornly, and unacceptably high" joblessness, which signals he favors additional stimulus measures to spur economic growth, (3) the stronger-than-expected Sep U.S. consumer credit (+$7.386 billion versus expectations of +$5.150 billion), and (4) short-covering in stocks after comments from ECB Executive Board member Stark who said he expects the Euro-Zone debt crisis to be "under control" within 2 years at the latest.
Bearish factors included (1) carry-over weakness from a slide in European stock markets after the yield on Italy's 10-year bond surged to a record 6.68% on concern Italian Prime Minister Berlusconi may be forced to resign if he can't pass austerity measures through Italy's parliament that it needs in order to receive continued support from the IMF and the ECB, (2) , which may limit European and global economic growth prospects until then, and (3) weakness in financial and industrial companies on concern contagion of the European sovereign-debt crisis will diminish their earnings prospects.

Today's Market Focus

December 10-year T-notes this morning are down -6.5 ticks. T-note prices yesterday moved higher on increased safe-haven demand on concern Italy may struggle to reduce its debt burden after Italian borrowing costs rose to their highest level in at least 14 years: TYZ11 +9.5, FVZ11 +1.7, EDH12 -1.5. Bullish factors included (1) increased safe-haven demand for Treasuries as global equity markets tumbled after the yield on Italy's 10-year bond rose to 6.68%, the highest since at least 1997, which will make it harder for Italy to finance its debt of 1.6 trillion euros of bonds outstanding, more than the liabilities of Spain, Portugal and Ireland combined, and (2) dovish comments from Boston Fed President Rosengren who said "Given the very weak labor market conditions and the low expected inflation rate, the Fed should continue to take action to aggressively try to reduce the stubbornly high U.S. unemployment rate," which suggests he favors QE3 or other forms of Fed stimulus to help stimulate economic growth. Bearish factors included (1) the action by Greece to agree to form a new government, which may help it to pass austerity measures needed to receive aid from the IMF and ECB and reduce the safe-haven demand for Treasuries and (2) supply pressures ahead of the Treasury's $32 billion auction of 3-year T-notes on Tue.
The dollar index this morning is little changed with the dollar/yen -0.04 yen and the euro/dollar -0.05 cents. The dollar index yesterday settled little changed as a rally in stocks overshadowed concern Italy will struggle to manage its debt: Dollar Index unchanged, USDJPY -0.153, EURUSD -0.00476. Bullish factors included (1) weakness in the euro after the yield on Italy's 10-year bond surged to a record 6.68% on concern support for Italian Prime Minister Berlusconi is unraveling ahead of Tuesday's parliamentary vote in Italy on austerity measures that are needed for it to receive continued support from the IMF and the ECB, and (2) weaker than-expected European economic data on Sep Euro-Zone retail sales and Sep German industrial production, which signals economic weakness that is euro negative. Bearish factors included (1) speculation that Greece and Italy may form new governments, which would keep both countries getting aid from the IMF and ECB as they approve additional austerity measures and reduce their chances of default, (2) comments from Boston Fed President Rosengren who said the Fed should act to bring down "stubbornly, and unacceptably high" joblessness, which indicates he favors additional dollar negative stimulus measures to spur economic growth, and (3) the rally in stocks, which reduced safe-haven demand for the dollar.
Dec crude oil prices this morning are up +58 cents a barrel and Dec gasoline is +0.53 of a cent per gallon. Crude oil and gasoline prices yesterday finished higher on the prospect of new leadership in Greece and Italy, which may contain the European debt crisis and keep the global economy and energy demand from sputtering: CLZ11 +$1.26, RBZ11 +6.48. Dec crude posted a 3-month high. Bullish factors included (1) possible new governments in Greece and Italy that may ensure that both continue to receive aid from the IMF and ECB to avoid default, which could keep the European debt crisis from contagion that might limit fuel demand and (2) comments from Boston Fed President Rosengren who said the Fed should act further to bring down the unemployment rate, which indicates he favors QE3 or other forms of stimulus that may boost economic and energy demand. Bearish factors included (1) the stronger dollar, which reduces investment demand for commodities, (2) weak European economic data on Sep Euro-Zone retail sales and Sep German industrial production, which signals economic weakness that is negative for fuel demand and consumption, and (3) the flagging stock market, which reduces confidence in the economic outlook and fuel demand.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): ATVI-Activision Blizzard (BEST earnings consensus $0.03), ROK-Rockwell Automation (1.21), LINTA-Liberty Interactive (0.15), HFC-HollyFrontier (2.37), FOSL-Fossil (1.04), LCAPA-Liberty Media (0.12), DOX-Amdocs Ltd. (0.62), WTW-Weight Watchers (0.94), ROVI-Rovi (0.61), IGT-International Game Technology (0.23), SINA-Sina Corp. (0.22), IFF-International Flavors & Fragrances (1.05), MKL-Markel (3.87), CHKM-Chesapeake Midstream Partners (0.29), UGI-UGI Corp, (-0.06), ARCC-Ares Capital (0.37).
Global Financial Calendar

Tuesday 11/8/11
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
1000 ET	Nov IBD/TIPP economic optimism expected +0.7 to 41.0, Oct +0.4 to 40.3.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $32 billion 3-year T-notes.
1300 ET	Minneapolis Fed President Narayana Kocherlakota speaks at an Economic Outlook Seminar in Sioux Falls, SD.
1330 ET	Philadelphia Fed President Charles Plosser receives the 2011 Global Citizen Award and speaks on ?A Policymaker?s Perspective? at an award ceremony in Philadelphia.
Germany
0200 ET	Sep German trade balance expected +12.5 billion euros, Aug +11.8 billion euros. Sep exports expected -0.5% m/m, Aug +3.5% m/m. Sep imports expected +0.4% m/m, Aug -0.1% m/m.
United Kingdom
0430 ET	Sep U.K. industrial production expected +0.1% m/m and -0.8% y/y, Aug +0.2% m/m and -1.0% y/y.
0430 ET	Sep U.K. manufacturing production expected +0.1% m/m and +1.9% y/y, Aug -0.3% m/m and +1.5% y/y.
Canada
0815 ET	Oct Canada housing starts expected +200,000, Sep +207,600.
CHI
2100 ET	Oct China producer price index expected +5.8% y/y, Sep +6.5% y/y.
2100 ET	Oct China CPI expected +5.4% y/y, Sep +6.1% y/y.
2100 ET	Oct China industrial production expected +13.4% y/y, Sep +13.8% y/y.
2100 ET	Oct China retail sales expected +17.6% y/y, Sep +17.7% y/y.
Japan
2330 ET	Oct Japan bankruptcies, Sep -9.2% y/y.

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

Newmont Mining - (NEM) Barchart Chart of the Day

Barchart.coms Chart of the Day - Newmont Mining (NEM)

Barchart Research Team - Barchart.com - Mon Nov 07, 6:29PM CST

Related Stocks

NEM - Newmont Mining Corp.

Sym	Last	Chg	Pct
NEM	72.13	+2.75	+3.96%

The "Chart of the Day" is Newmont Mining (NEM), which showed up on Monday's Barchart "All Time High" and the "Gap Up" lists. Newmont Mining on Monday rallied by 3.96% and posted a new all-time high of $72.29. TrendSpotter has been Long since Oct 14 at $66.86. Newmont Mining was boosted yesterday by the extension of the 6-week rally in gold prices to a new 7-week high. In recent news on the stock, Newmont Mining on Oct 27 reported Q3 EPS of $1.29 versus the consensus of $1.24. Blackrock on Oct 25 said it sees "massive" opportunity in mining stocks that have been hit hard in recent months and offer compelling valuations and healthy balance sheets. TD Newcrest on Oct 25 initiated coverage on Newmont with a Buy and a target of $85. However, CIBC on Oct 31 downgraded Newmont to Sector Underperformer due to valuation and Deutsche Bank on Oct 28 removed Newmont from its short-term buy list. Newmont Mining, with a market cap of $33 billion, is one of the world's largest gold mining companies with operations in the U.S., Peru, Indonesia, Mexico and Uzbekistan.

nem_700_01

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

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Monday, November 7, 2011

Taiwan Semiconductor

COMPLETE ARTICLE AND MORE GRAPHS

We live is a world that is driven by technology and the little devices we all now carry. A company that seems to be at the center of this electronic evolution is Taiwan Semiconductor Manufacturing (TSM) and I think this is the best of the breed. In this market rally TSM is holding its own and its price momentum is beginning to gain traction as this Barchart provided graph shows in the last 28 trading sessions:

Barchart technical indicators:

72% Barchart technical buy signal based on indicators from 7 days to 6 months.
Trend Spotter buy signal.
Trading above its 20, 50 and 100 day moving average.
6 new highs and up 6.66% in the last month.
Relative Strength Index is 62.25% and rising.
Barchart computes a technical support level at 12.47.
Recently traded at 12.73 with a 50 day moving average of 11.89.

Summary: Taiwan Semiconductor (TSM) has out stripped its major competition in the return to its stockholders. The P/E ratio is below the market's and its dividend rate is higher than the market's. Cutting edge technology product plus even more sophisticated products in the pipeline means the future is bright. If sales and earnings projections are met and the P/E ratio falls in line with the market, investors today could see an annual return in the 21% - 25% range over the next 5 years.

Jim Van Meerten is a Marketocracy Master

Starbucks - SBUX - Barchart Chart of the Day

Barchart.coms Chart of the Day - Starbucks (SBUX)

Barchart Research Team - Barchart.com - Sat Nov 05, 3:32PM CDT

Related Stocks

SBUX - Starbucks Corp.

Sym	Last	Chg	Pct
SBUX	44.19	+2.96	+7.18%

The "Chart of the Day" is Starbucks (SBUX), which showed up on Friday's Barchart "All Time High" and the "Gap Up" lists. Starbuck's on Friday rallied by 6.74% and posted a new all-time high of $44.69. TrendSpotter has been Long since Oct 10 at $40.92. Starbucks last Thursday reported adjusted Q4 EPS of 37 cents versus the consensus of 36 cents. Starbucks also announced an additional 20 million share repurchase plan, said it is targeting 800 net new store openings in FY12, that China remains the "focal point" of its international expansion efforts, and that it believes its K-cups single portion pack business will grow to $1 billion over time. Starbucks, with a market cap of $30.8 billion, sells high-quality whole bean coffees with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. Starbucks also sells whole bean coffees through a specialty sales group and supermarkets.

sbux_700_02

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

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View Past Chart of the Day Reports