3 stocks hitting new highs last week

According to Barchart last Friday 973 stocks hit new highs during the last month while only 121 hit new lows.  I screened those to find the 3 with the most consistent momentum and found Bank of Kentucky Financial (BKYF), First Merchants (FRME) and Companhia de Saneamento Basico do Estado de Sao (SBS)

Bank of Kentucky Financial (BKYF)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 20 new highs and up 20.71% in 20 sessions
• Relative Strength Index 70.89%
• Barchart computes a technical support level at 24.81
• Recently traded at 25.30 with a 50 day moving average of 22.35

First Merchants (FRME)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 20 new highs and up 26.60% in the last 20 session
• Relative Strength Index 81.23%
• Barchart computes a technical support level at 11.16
• Recently traded at 11.39 with a 50 day moving average of 9.35

Companhia de Saneamento Basico do Estado de Sao (SBS)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 27.01% in 20 sessions
• Relative Strength Index at 85.08%
• Barchart computes a technical support level at 70.98
• Recently traded at 74.96 with a 50 day moving average of 61.16

Barchart Morning Call 2-17

Barchart Morning Call

Barchart.com - 39 mins ago

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.33% and Mar S&Ps up +1.40 points. The dollar and Treasuries are slightly weaker, while credit default swaps to insure European government debt fell on optimism Greece will get a bailout. According to people familiar with the talks, European governments are considering cutting interest rates on emergency loans to Greece and using contributions from the ECB's sale of its Greek debt holdings to plug a financing gap in the second Greek bailout. Another positive for European stocks and the euro is reduced funding concerns for European banks after the Euribor-OIS spread, a measure of banks' reluctance to lend that is the difference between the euro interbank offered rate and overnight indexed swaps, fell to 69 bp, a 5-1/2 month low. The British pound climbed to a 1-week high against the dollar after Jan U.K. retail ex auto fuel unexpectedly rose +1.2% m/m and +1.9% y/y, stronger than expectations of a -0.3% m/m and -0.1% y/y decline.
• Asian stocks today closed higher with Japan up +1.58%, China +0.04%, Australia +0.34%, South Korea +1.50%, India +0.75%. The Japanese yen extended its recent slide as it fell to a fresh 3-1/2 month low against the dollar and fueled a rally in stocks with the Nikkei 225 Stock Index climbing to its best level in 6-1/2 months. Strength in U.S. economic data also boosted stocks that export to the U.S., led by a 2.4% gain for Honda Motor. Chinese stocks closed little changed as weakness in bank stocks limited gains. The China Banking Regulatory Commission reported that Q4 China commercial banks' bad loans rose 20.1 billion yuan ($3.2 billion) to 427.9 billion yuan as of Dec 31 as non-performing loans accounted for 0.96% of total lending, up from 0.95% in Q3. Chinese housing developers and builders also weakened after Qin Hong, head of the policy research center under the Ministry of Housing and Urban-Rural Development said China will "unwaveringly" maintain property curbs in both the long and short term.

Overnight U.S. Stock News

• March S&Ps this morning are trading up +1.40 points. The US stock market on Thursday settled higher on better-than-estimated U.S. economic data along with increased optimism over Greek bailout efforts: Dow Jones +0.96%, S&P 500 +1.10%, Nasdaq Composite +1.51%. Bullish factors Thursday included (1) the unexpected decline in weekly initial U.S. unemployment claims to a nearly 4-year low (-13,000 to 348,000 versus expectations of +7,000 to 365,000), (2) the larger-than-expected increase in Jan U.S. housing starts (+1.5% to 699,000 versus expectations of +2.7% to 675,000), (3) the greater-than-expected increase in the Feb Philadelphia Fed manufacturing index (+2.9 to 10.2 versus expectations of +1.7 to 9.0), (4) the action by Congress to agree on a plan to extend a payroll tax cut and expanded unemployment benefits through the rest of the year, and (5) the report from the German newspaper Die Welt that the ECB is exchanging Greek bonds for new securities and using the profits to plug a financing gap in the second bailout for Greece, which eases concern that Greece will get its aid package on time to avoid default.
• Bearish factors included (1) the warning from Moody's Investors Service that ratings for global banks may be cut as lenders worldwide face risks of rising funding costs due to the European debt crisis and (2) global economic concerns after China's commerce industry said the outlook for foreign investment in China and trade this year is "grim" along with the ECB's monthly report that said forecasters lowered their 2012 Euro-Zone GDP forecast to a contraction of -0.1% from a Nov projection of +0.8% growth, while they cut their 2013 GDP forecast to 1.1% from a Nov estimate of 1.6%.
• Applied Materials (AMAT) climbed 5.5% in European trading after the largest maker of chipmaking equipment forecast Q2 profit of 20 cents to 28 cents a share, better than analysts' estimates of 16 cents on average.
• Dell (DELL) fell 1% in European trading after the stock was cut to "neutral" from "outperform" at Robert W Baird. & Co.

Today's Market Focus

• March 10-year T-notes this morning are down -3 ticks. T-note prices on Thursday settled lower after stronger-than-expected U.S. economic data and reduced European debt concerns limited the safe-haven demand for Treasuries: TYH2 -19.0, FVH2 -11.5, EDM2 -2.0. Bearish factors Thursday included (1) the unexpected decline in weekly initial U.S. unemployment claims to a nearly 4-year low (-13,000 to 348,000 versus expectations of +7,000 to 365,000), (2) the larger-than-expected increase in Jan core PPI (+0.4% m/m and +3.0% y/y versus expectations of +0.2% m/m and +2.7% y/y), (3) the larger-than-expected increase in Jan U.S. housing starts (+1.5% to 699,000 versus expectations of +2.7% to 675,000), (4) the greater-than-expected increase in the Feb Philadelphia Fed manufacturing index (+2.9 to 10.2 versus expectations of +1.7 to 9.0), and (5) reduced safe-haven demand for Treasuries after the German newspaper Die Welt reported that the ECB is exchanging Greek bonds for new securities, which eases concern that Greece will get its second bailout. Bullish factors included (1) increased safe-haven demand for Treasuries after Moody's warned that ratings for global banks may be cut as lenders worldwide face risks of rising funding costs due to the European debt crisis and (2) global economic concerns after China's commerce industry said the outlook for foreign investment in China and trade this year is "grim" and after the ECB's monthly report said forecasters lowered their 2012 and 2013 Euro-Zone GDP forecasts.
• The dollar index this morning is weaker with the dollar/yen +0.24 yen and the euro/dollar +0.32 cents. The dollar index on Thursday retreated from a 3-week high and finished lower after a German newspaper reported the ECB is swapping its 50 billion euros of Greek bond holdings for new Greek bonds: Dollar Index -0.322, USDJPY +0.498, EURUSD +0.00642. Bearish factors included (1) a rebound in the euro which recovered from a 3-week low against the dollar and closed higher after Germany's Die Welt reported that the ECB is swapping its 50 billion euros of Greek bond holdings at their nominal value for a profit and will distribute the profits to national governments and on into the debt crisis bailout program and (2) reduced safe-haven demand for the dollar as the stock market rallied. Bullish factors Thursday included (1) increased safe-haven demand for the dollar after Moody's Investors Service warned that ratings for global banks may be cut as lenders worldwide face risks of rising funding costs due to the European debt crisis, (2) weakness in the yen which fell to a 3-1/2 month low against the dollar as a rally in stocks reduced its safe-haven demand, and (3) the stronger-than-expected U.S. economic data on weekly jobless claims, Jan housing starts and the Feb Philadelphia ed manufacturing index, which signals economic strength and is dollar supportive.
• Mar crude oil prices this morning are up +45 cents a barrel and Mar gasoline is -0.59 of a cent per gallon. Crude oil and gasoline prices Thursday traded on either side of unchanged and finished higher as a rally in the dollar was offset by stronger-than-expected U.S. economic data that suggests energy demand may strengthen: CLH12 +$0.51, RBH +4.04. Bullish factors included (1) the unexpected decline in weekly initial U.S. unemployment claims to near a 4-year low along with the stronger-than-expected Jan housing starts and Feb Philadelphia Fed manufacturing index, which indicate economic strength that is supportive for energy demand and (2) strength in gasoline on concern that more refinery outages will threaten the supply of gasoline for the summer driving season after Exxon Mobile took its Beaumont, Texas refinery offline for repairs and Marathon Petroleum shut its Garyville, Louisiana plant after a power failure. Bearish factors included (1) the rally in the dollar index to a 3-week high, which discourages investment demand in commodities, (2) the statement from China's commerce industry that said the outlook for foreign investment in China and trade this year is "grim," which is negative for fuel demand, and (3) the monthly report from the ECB that said forecasters lowered their 2012 and 2013 Euro-Zone GDP forecasts, which signals reduced energy consumption in Europe.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): VTR-Ventas (BEST earnings consensus $0.33), HNZ-HJ Heinz (0.85), CPB-Campbell Soup (0.62), EEP-Enbride Energy Partners LP (0.38), CEG-Constellation Energy Group (0.67), DLR-Digital Realty Trust (0.30), LECO-Lincoln Electric Holdings (0.63), AGP-Amerigroup (0.62), HMSY-HMS Holdings (0.17), CKH-SEACOR Holdings (1.28), LPNT-LifePoint Hospitals (0.76), HGIC-Harleysville Group (0.65), GMLP-Golar LNG Partners LP (0.47), B-Barnes Group (0.32), POL-PolyOne (0.14), PPC-Pilgrim's Pride (-0.30).
Global Financial Calendar

Friday 2/17/12
United States
0830 ET	Jan CPI expected +0.3% m/m and +2.8% y/y, Dec unchanged m/m and +3.0% y/y. Jan CPI ex food & energy expected +0.2% m/m and +2.2% y/y, Dec +0.1% m/m and +2.2% y/y.
1000 ET	Jan leading indicators expected +0.5%, Dec +0.4%.
Germany
0200 ET	Jan German producer prices expected +0.3% m/m and +3.2% y/y, Dec -0.4% m/m and +4.0% y/y.
United Kingdom
0430 ET	Jan U.K. retail sales ex auto fuel expected -0.3% m/m and -0.1% y/y, Dec +0.6% m/m and +1.7% y/y.
0430 ET	Jan U.K. retail sales with auto fuel expected -0.3% m/m and +0.5% y/y, Dec +0.6% m/m and +2.6% y/y.
Euro-Zone
0500 ET	Dec Euro-Zone construction output, Nov +0.8% m/m and +0.2% y/y.
Canada
0700 ET	Jan Canada CPI expected +0.3% m/m and +2.3% y/y, Dec -0.6% m/m and +2.3% y/y.
0700 ET	Jan Bank of Canada core CPI expected unchanged m/m and +1.9% y/y, Dec -0.5% m/m and +1.9% y/y.
0830 ET	Jan Canada leading indicators expected +0.6% m/m, Dec +0.8% m/m.

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

3 NASDAQ 100 stocks on the move up

This morning I used Barchart to find the NASDAQ 100 stocks having the most consistent upward price momentum and they are Symantec (SYMC), Apple (AAPL) and Mattel (MAT).

Symantec (SYMC)

Barchart technical indicators:

• Barchart 80% technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 14.29% in the last month
• Relative Strength Index 72.57%
• Barchart computes a technical support level at 17.73
• Recently traded at 18.15 with a 50 day moving average of 16.47

Apple (AAPL)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 19.63% in the last month
• Relative Strength Index 77.04%
• Barchart computes a technical support level at 479.65
• Recently traded at 502.21 with a 50 day moving average of 428.63

Mattel (MAT)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 15.81% in the last month
• Relative Strength Index 76.88%
• Barchart computes a technical support level at 32.26
• Recently traded at 32.59 with a 50 day moving average of 29.31

Genuine Parts - GPC - Barchart Chart of the Day

Barchart.coms Chart of the Day - Genuine Parts (GPC)

Barchart Research Team - Barchart.com - Thu Feb 16, 7:30PM CST

Related Stocks

GPC - Genuine Parts Company

Sym	Last	Chg	Pct
GPC	65.59	+1.70	+2.66%

The "Chart of the Day" is Genuine Parts (GPC), which showed up on Thursday's Barchart "All Time High" list. Genuine Parts on Thursday posted a new all-time high of $65.61 and closed up 2.66%. TrendSpotter took a profit on a Long position on Wednesday, but then issued a new Buy signal with Thursday's rally. Genuine Parts was last featured by "Chart of the Day" on Dec 23 when the stock closed at $61.57. In recent news, Bloomberg on Jan 31 reported that the U.S. vehicle age reached an all-time high and that parts spending rose 9%. Genuine Parts, with a market cap of $10 billion, is a distributor of automotive replacement parts in the U.S., Canada and Mexico.


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: 750% Buy
• Long-Term Indicators: 67% Buy
• Overall Average 88% Buy

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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

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Chart of the Day Archive
View Past Chart of the Day Reports

3 Small Cap S&P 600 stocks on the move up

Today I used Barchart to screen the Small Cap S&P 600 stocks to find the stocks with the most frequent upward momentum and found The Finish Line (FINL), Enersys (ENS) and Insperity (NSP)

The Finish Line (FINL)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 24.62% in the last month
• Relative Strength Index 80.23%
• Barchart computes a technical support level at 22.97
• Recently traded at 23.73 with a 50 day moving average of 20.84

Enersys (ENS)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 25.37% in the last month
• Relative Strength Index 81.56%
• Barchart computes a technical support level at 34.09
• Recently traded at 34.43 with a 50 day moving average of 28.06

Insperity (NSP)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 15.54% in the last month
• Relative strength Index 77.35%
• Barchart computes a technical support level at 30.47
• Recently traded at 31.39 with a 50 day moving average of 27.09

Barchart Morning Call 2/16

Barchart Morning Call

Barchart.com - Thu Feb 16, 7:00AM CST

Overnight Developments

• Global stocks this morning are weaker with the Euro Stoxx 50 down -0.51% and Mar S&Ps down -4.70 points. Treasuries and the dollar rose with the dollar index at a 3-week high, while stocks and commodities declined with copper at a 3-week low as European leaders remain divided over a Greek rescue. Concern grew that Greece may miss a debt payment next month as a decision on its proposed 130 billion euro bailout was postponed until at least Feb 20. Bank stocks led losses in the equity market after Moody's Investors Service put them under review and warned that ratings for global banks may be cut as lenders worldwide face risks of rising funding costs due to the European debt crisis. Stocks were also pressured and the euro fell to a 3-week low against the dollar after the ECB said forecasters cut their growth projections for this year and next. In its monthly report that cited a quarterly survey, the ECB said forecasters lowered their 2012 Euro-Zone GDP forecast to a contraction of -0.1% from a Nov projection of +0.8% growth, while they cut their 2013 GDP forecast to 1.1% from a Nov estimate of 1.6%. On the positive side, Spain raised more money than targeted at a bond auction as it sold 4.07 billion euros of bonds, more than the maximum target of 4 billion euros, while French borrowing costs fell after France sold 2.09 billion euros of 2-year notes at an average yield of 0.89%, down from 1.05% at a similar auction last month.
• Asian stocks today closed lower with Japan down -0.24%, China -0.53%, Australia -1.68%, South Korea -1.50%, India -0.27%. Asian stocks declined as European leaders remain divided over a Greek rescue and after Moody's Investors Service said it may downgrade global banks. Losses in Japanese stocks were limited as exporters received a boost when the yen tumbled to a fresh 3-1/2 month low against the dollar. Chinese stocks fell after Jan China foreign direct investment declined -0.3% y/y, its third straight monthly drop, and after China's commerce industry said the outlook for foreign investment in China and trade this year is "grim." Australian stocks declined even after Jan Australian payrolls rose +46,000, bigger than expectations of +10,000 and the biggest gain in 14 months, while the unemployment rate fell -01 to 5.1%. The strong Aussie payroll report dampens expectations for the RBA to lower interest rates again when it meets next month.

Overnight U.S. Stock News

• March S&Ps this morning are trading down -4.70 points. The US stock market on Wednesday opened higher after China said it will help participate in resolving the European debt crisis but stocks erased their advance and turned lower on concern Greece was moving toward default and after Apple shed an early advance and closed lower on a patent dispute: Dow Jones -0.76%, S&P 500 -0.54%, Nasdaq Composite -0.55%. The S&P 500 posted a 7-1/2 month high and the Nasdaq climbed to an 11-year high but they both shed their gains and closed lower. Bearish factors Wednesday included (1) a report from Reuters that cited unnamed EU sources who said an aid package for Greece was postponed until Feb 20 at the earliest and could be put off until after the Greek elections in Apr, which increases the chances of a Greek default and (2) weakness in technology stocks which were pulled lower after Apple slumped when it reportedly asked Amazon China and other websites to stop selling the iPad amid a patent dispute.
• Bullish factors included (1) reduced concern over the European sovereign-debt crisis after PBOC Governor Zhou Xiaochuan said China would help participate in resolving the crisis, (2) the stronger-than expected Feb Empire manufacturing index which expanded at its strongest pace in 20 months (+6.0 to 19.5 versus expectations of +1.5 to 15.0), and (3) strength in homebuilders after the Feb NAHB housing market index rose more-than-expected to its highest level in 4-3/4 years (+4 to 29 versus expectations of +1 to 26)
• Bank of America (BAC) fell 1.2% and Goldman Sachs (GS) dropped 1.0% in pre-market trading after Moody's Investors Service put global banks under review for a downgrade.

Today's Market Focus

• March 10-year T-notes this morning are up +2.5 ticks. T-note prices on Wednesday recovered from early losses as they rallied up to a 1-week high and finished higher on speculation a Greek aid package could be delayed until after Greece's April elections: TYH2 +1.5, FVH2 +2.7, EDM2 +0.5. Bullish factors Wednesday included (1) increased safe-haven demand for Treasuries after a report from Reuters cited unnamed EU sources who said an aid package for Greece was postponed until Feb 20 at the earliest and could be put off until after the Greek elections in Apr, (2) the Jan 24-25 FOMC minutes that showed a few Fed members said economic conditions "could warrant the initiation of additional securities purchases before long," and (3) comments from Atlanta Fed President Lockhart who said slow improvement in the labor market warrants keeping the Fed funds rate near zero through 2014, even as the economy shows signs of strength. Bearish factors included (1) the stronger-than expected Feb Empire manufacturing index which expanded at its strongest pace in 20 months (+6.0 to 19.5 versus expectations of +1.5 to 15.0), (2) the larger-than-expected increase in the Feb NAHB housing market index which rose to its highest level in 4-3/4 years (+4 to 29 versus expectations of +1 to 26), (3) decreased demand for U.S. debt from China, the largest-holder of U.S. Treasuries, after the Treasury data showed China cut its Treasury holdings by -2.8% in Dec to $1.1 trillion, the lowest in 1-1/2 years, and (4) an early reduction in safe-haven demand after PBOC Governor Zhou Xiaochuan said China would help participate in resolving the European debt crisis.
• The dollar index this morning is stronger and at a 3-week high with the dollar/yen +0.35 yen and the euro/dollar -0.72 cents. The dollar index on Wednesday recovered from early weakness and settled higher on speculation a Greek aid package could be delayed until after Greece's April elections: Dollar Index +0.090, USDJPY unchanged, EURUSD -0.00677. Bullish factors included (1) increased safe-haven demand for the dollar as the euro weakened on a report from Reuters that cited unnamed EU sources who said an aid package for Greece was postponed until Feb 20 at the earliest and could be put off until after the Greek elections in Apr, and (2) signs of dollar supportive U.S. economic strength after the Feb Empire manufacturing index rose more than expected to its strongest level in 20-months and the Feb NAHB housing market index rose more than expected to its highest in 4-3/4 years. Bearish factors Wednesday included (1) early strength in the euro after China, which holds the world's largest currency reserves, pledged to invest in Europe's bailout funds and sustain its holdings of euro assets, (2) the stronger-than-expected Q4 Euro-Zone and German GDP, which is euro supportive, and (3) the smaller-than-expected increase in he Dec net long-term TIC flows, which indicates reduced foreign demand for U.S. dollar assets.
• Mar crude oil prices this morning are down -52 cents a barrel and Mar gasoline is -0.19 cents per gallon. Crude oil and gasoline prices Wednesday moved higher after weekly DOE crude supplies unexpectedly declined and after a report said that Iran had cut off oil shipments to 6 European countries: CLH12 +$1.06, RBH +2.42. Mar crude rallied up to a 1-month high and Mar gasoline climbed to a 5-1/2 month high. Bullish factors included (1) the unexpected decline in weekly DOE crude supplies (-171,000 bbl versus expectations of a +1.6 million bbl build), (2) the report from Iran's state-run Press TV that said Iran had halted oil exports to Italy, France, Spain, Greece, Portugal and the Netherlands as geopolitical tensions intensify, (3) China's pledge to help resolve the European debt crisis, which may limit a decline in European economic growth and fuel demand, and (4) concern that the global oil markets are vulnerable to a supply shock as IEA data shows crude inventories held by the 34 nations in the OECD climbed by 11.4 million bbl in Jan, less than the 5-year average increase of 43.2 million. Bearish factors included (1) the rally in the dollar index to a 3-week high, which discourages investment demand in commodities, (2) the +400,000 bbl increase in weekly DOE gasoline supplies to an 11-1/2 month high of 232.2 million bbl, and (3) weak demand after the SpendingPulse report from MasterCard showed U.S. drivers bought 8.01 million bbl of gasoline a day in the week ended Feb 10, down -3.1% w/w and the lowest level since MasterCard began collecting the data in July 2004.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): BIDU-Baidu (BEST earnings consensus $0.90), APA-Apache (2.87), GM-General Motors (0.41), DTV-DirecTV (0.91), EOG-EOG Resources (0.87), DUK-Duke Energy (0.22), DISCA-Discovery Communications (0.69), PCG-PG&E Corp. (0.85), AMAT-Applied Materials (0.12), WM-Waste Management (0.60), PGN-Progress Energy (0.53), VFC-VF Corp. (2.31), HCN-Health Care REIT (0.26), JWN-Nordstrom (1.10), DTE-DTE Energy (0.80), SJM-JM Smucker (1.41), TAP-Molson Coors Brewing (0.70), DVA-Davita (1.49).
Global Financial Calendar

Thursday 2/16/12
United States
0830 ET	Weekly initial unemployment claims expected +7,000 to 365,000, previous-15,000 to 358,000. Weekly continuing claims expected -25,000 to 3.490 million, previous +64,000 to 3.515 million.
0830 ET	Jan PPI expected +0.4% m/m and +4.1% y/y, Dec -0.1% m/m and +4.8% y/y, Jan PPI ex food & energy expected +0.2% m/m and +2.7% y/y, Dec +0.3% m/m and +3.0% y/y.
0830 ET	Jan housing starts expected +2.7% to 675,000, Dec -4.1% to 657,000. Jan building permits expected +1.3% to 680,000, Dec -1.3% to 671,000.
0900 ET	Fed Chairman Ben Bernanke speaks on community banking at the FDIC conference on the Future of Community Banking in Arlington, VA.
1000 ET	Q4 mortgage delinquencies, Q3 +7.99%. Q4 mortgage foreclosures, Q3 +4.43%.
1000 ET	Feb Philadelphia Fed manufacturing index expected +1.7 to 9.0, Jan +0.5 to 7.3.
1100 ET	Treasury announces amount of 2-year T-notes (previous $35 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Feb 21-23.
1300 ET	Treasury auctions $9 billion 30-year TIPS.
1630 ET	Weekly money supply report and Fed balance sheet.
Euro-Zone
0400 ET	ECB published monthly report for Feb.
Canada
0830 ET	Dec Canada manufacturing sales expected +0.5% m/m, Nov +2.0% m/m.

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

Crown Castle International - CCI - Barchart Chart of the Day

Barchart.com's Chart of the Day - Crown Castle International (CCI)

Barchart Research Team - Barchart.com - Wed Feb 15, 6:56PM CST

Related Stocks

CCI - Crown Castle International Corp.

Sym	Last	Chg	Pct
CCI	50.35	-0.30	-0.59%

The "Chart of the Day" is Crown Castle International (CCI), which showed up on Wednesday's Barchart "All Time High" and "Gap Up" lists. Crown Castle on Wednesday posted a new all-time high of $51.06 and closed up 2.49%. TrendSpotter has been Long since Dec 2 at $43.70. In recent news on the stock, Crown Castle on Jan 25 reported Q4 EPS of 16 cents, which was in line with the consensus. Stifel Nicolaus on Jan 4 initiated coverage on Crown Castle with a Buy and a target of $55. Crown Castle International, with a market cap of $14 billion, is a leading owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies.


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 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

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Chart of the Day Archive
View Past Chart of the Day Reports

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

This morning I used Barchart to screen the S&P 400 Mid Cap's to find the stocks having the most recent positive momentum and found NCR Corp (NCR), Lincoln Electric (LECO) and Nordson (NDSN).  These stocks may not be for everyone but they deserve a look.

NCR Corp (NCR)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 19 new highs and up 31.02% in the last month
• Relative Strength Index 78.05%
• Barchart computes a technical support level at 21.26
• Recently traded at 21.70 with a 50 day moving average of 17.73

Lincoln Electric (LECO)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 9.72% in the last month
• Relative strength Index 67.14%
• Barchart computes a technical support level at 44.53
• Recently traded at 45.36 with a 50 day moving average of 41.17

Nordson (NDSN)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 21.66% in the last month
• Relative Strength Index 78.33%
• Barchart computes a technical support level at 50.08
• Recently traded at 51.15 with a 50 day moving average of 44.76

These 3 may not be suitable for all portfolios but run them through your own due diligence protocol to see if they're suitable for you.

Barchart Morning Call 2/15

Barchart Morning Call

Barchart.com - 2 hrs 46 mins ago

Overnight Developments

• Global stocks this morning are higher with the Euro Stoxx 50 up +0.48% and Mar S&Ps up +8.40 points. Stocks and commodities rallied while the dollar and Treasuries retreated after China, which holds the world's largest currency reserves, pledged to invest in Europe's bailout funds and sustain its holdings of euro assets. PBOC Governor Zhou Xiaochuan said "China will always adhere to the principle of holding assets of EU sovereign debt" and that "we would participate in resolving the euro debt crisis." European stocks and the euro also received a boost after Q4 Euro-Zone GDP fell -0.3% q/q and rose +0.7% y/y, slightly better than expectations of -0.4% q/q. Germany's economy also was stronger than expected last quarter with Q4 German GDP -0.2% q/q and +2.0% y/y, better than expectations of -0.3% q/q and +1.8% y/y. On the negative side, Jan U.K. jobless claims rose a more than expected 6,900 to 1.6 million, the highest in 2-years, while the U.K. ILO unemployment rate remained at 8.4% in Q4, the highest in 16 years. Also, Euro-Zone finance ministers canceled a planned emergency meeting on the Greek aid package in Brussels today, citing a lack of political assurances from Greek leaders to stick to their pledges, and will instead hold a teleconference to prod Greece to do more to win support for the 130 billion euro bailout.
• Asian stocks today closed higher with Japan up +2.30%, CHina +1.09%, Australia +0.25%, South Korea +1.33%, India +1.98%. Asian stocks rallied after China pledged to help resolve Europe's debt crisis. Japanese exporters gained as the yen tumbled to a 3-1/2 month low against the dollar, which fueled a rally in the Nikkei 225 Stock Index to a 6-1/4 month high. Chipmakers outside of Japan also rallied as debt-ridden Elpida Memory sank 14% to an 8-year low after saying it sees "uncertainty" over remaining in business because it hasn't secured financing for its debt due in April. The end of Elpida, Japan's largest maker of dynamic random access memory, may mean less competition in the chip making business as it reduces the number of players and production capacity.

Overnight U.S. Stock News

• March S&Ps this morning are trading up +8.40 pointa at a new contract high. The US stock market on Tuesday opened lower on increased European debt concerns after Moody's downgraded the credit ratings of 6 European nations and after Jan U.S. retail sales rose less than expected, but the indexes erased most of their losses late in the session and finished mixed after Reuters reported that Greece will commit to budget cuts: Dow Jones +0.03%, S&P 500 -0.09%, Nasdaq Composite +0.02%. The Nasdaq posted an 11-year high. Bullish factors Tuesday included (1) signs that Europe may withstand the negative effects of the region's debt crisis after the Feb German ZEW economic sentiment rose more than expected to a 10-month high and borrowing costs declined for Italy and Spain after the yield on Italy's 2-year bonds fell to 4.83%, the lowest in 11 months, and the yield on Spain's 12-month bills fell to 1.899%, the lowest in 16-months, (2) the statement from Minneapolis Fed President Kocherlakota that the U.S. economy will grow at an annual rate of between 2.5% and 3.0% in each of the next 2 years and the U.S. unemployment rate will fall to around 7.7% by the end of this year and to around 7.0% by Q4 of 2013, (3) strong Q4 U.S. earnings results as 70% of the 342 companies in the S&P 500 that have reported results since Jan 9 have beaten earnings projections, and (4) late-day short covering in stocks after Reuters reported that Greece's conservative party leader will deliver a commitment to lenders on Wed.
• Bearish factors included (1) concern the European debt crisis may worsen after Moody's Investors Service downgraded the debt ratings of 6 European nations and said it may also strip France and the U.K. of their top Aaa ratings and (2) dampened optimism about the U.S. economy after the weaker-than-expected Jan U.S. retail sales and the downward revision to Dec (Jan +0.4% and +0.7% less autos versus expectations of +0.8% and +0.5% less autos and Dec revised down to unchanged and -0.5% less autos from the originally reported +0.1% and -0.2% less autos).
• Hartford Financial Services (HIG) rose 5% in European trading after its largest shareholder, billionare hedge-fund manger John Paulson, notified regulators that he may talk with other shareholders to push for splitting up the insurance company.

Today's Market Focus

• March 10-year T-notes this morning are down -6.5 ticks. T-note prices on Tuesday finished stronger after Moody's action to downgrade the debts of 6 European nations boosted the safe-haven demand for Treasuries, along with the smaller-than-expected increase in Jan U.S. retail sales: TYH2 +13, FVH2 +3.5, EDM2 -0.5. Bullish factors Monday included (1) increased safe-haven demand for Treasuries on concern the European debt crisis may worsen after Moody's Investors Service downgraded the debt ratings of 6 European nations and said it may also strip France and the U.K. of their top Aaa ratings, (2) the weaker-than-expected Jan U.S. retail sales along with the downward revision to Dec (Jan +0.4% and +0.7% less autos versus expectations of +0.8% and +0.5% less autos and Dec revised down to unchanged and -0.5% less autos from the originally reported +0.1% and -0.2% less autos), and (3) the action by the Fed to purchase $4.952 billion of Treasuries as part of its Operation Twist program to replace $400 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to keep borrowing costs low. Bearish factors included (1) reduced European sovereign debt concerns after the larger-than-expected increase in the Feb German ZEW economic sentiment to a 10-month high along with a decline in Italy's and Spain's borrowing costs and (2) hawkish comments from Philadelphia Fed President Plosser who said that further easing measures would put the Fed on a "treacherous path" as "prolonged efforts to hold interest rates near zero can lead to financial market distortions and the misallocation of resources."
• The dollar index this morning is weaker with the dollar/yen +0.13 yen and the euro/dollar +0.16 cents. The dollar index on Tuesday rallied up to a 1-week high and settled higher on increased safe-haven demand after Moody's downgraded the debt ratings of 6 European nations and as the yen plummeted to a 3-1/4 month low against the dollar when the BOJ unexpectedly expanded its asset-purchase program: Dollar Index +0.634, USDJPY +0.862, EURUSD -0.00529. Bullish factors included (1) increased safe-haven demand for the dollar on concern the European debt crisis may worsen after Moody's Investors Service downgraded the debt ratings of Spain, Italy, Portugal, Slovakia, Slovenia and Malta all with negative outlooks and said it may also strip France and the U.K. of their top Aaa ratings, (2) weakness in the yen after the BOJ unexpectedly added 10 trillion yen ($128 billion) to an asset-purchase program and said it will target 1% inflation "for the time being." Bearish factors Monday included (1) the larger-than-expected increase in the Feb German ZEW survey of economic sentiment to a 10-month high, which is euro supportive and (2) the decline in borrowing costs for Italy and Spain, which is also euro positive, after the yield on Italy's 2-year bonds fell to 4.83%, the lowest in 11 months, and the yield on Spain's 12-month bills fell to 1.899%, the lowest in 16-months.
• Mar crude oil prices this morning are up +89 cents a barrel and Mar gasoline is +2.51 cents per gallon. Crude oil and gasoline prices Tuesday settled lower as a strong dollar and Moody's downgrade of 6 European nations offset an increase in German investor confidence to a 10-month high: CLH12 -$0.17, RBH -3.0. Mar crude rallied up to a 3-week high but shed its gains and closed lower. Bearish factors included (1) the rally in the dollar index to a 1-week high, which discourages investment demand in commodities, (2) the action by Moody's Investors Service to downgrade the debt ratings of 6 European countries, which signals the European debt crisis may worsen and lead to stagnant economic growth and energy demand, and (3) the outlook for weekly U.S. oil supplies to increase when the DOE releases its weekly inventory figures on Wed. Bullish factors included (1) the larger-than-expected increase in the Feb German ZEW survey of economic sentiment up to a 10-month high, which signals confidence in the European economy and energy demand and (2) the unexpected action by the BOJ to boost its bond-purchase program by 10 trillion yen ($128 billion) to 65 trillion yen, which may boost economic growth and fuel demand in Japan, the world's third-biggest crude consumer. Expectations for the weekly DOE inventories on Wednesday are for crude oil supplies to rise +1.6 million bbl, gasoline stockpiles to increase +775,000 bbl, distillate inventories to drop -1.1 million bbl and the refinery capacity rate to remain unchanged at 82.8%.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CMCSA-Comcast (BEST earnings consensus $0.42), DE-Deere & Co. (1.23), DVN-Devon Energy (1.49), CTL-CenturyLink (0.61), CBS-CBS Corp. (0.53), A-Agilient Technologies (0.69), NTAP-NetApp (0.58), MAR-Marriott International (0.47), CF-CF Industries Holdings (6.82), ETP-Energy Transfer Partners LP (0.66), CLF-Cliffs Natural Resources (1.43), NVDA-Nvidia (0.24), ETE-Energy Transfer Equity LP (0.42), DPS-Dr Pepper Snapple Group (0.74), HSIC-Henry Schein (1.12), NTES-Netease.com (1.06).
Global Financial Calendar

Wednesday 2/15/12
United States
0700 ET	Weekly MBA mortgage applications, previous+7.5% with purchase mortgage sub-index +0.1% and refinancing sub-index +9.4%.
0830 ET	Feb Empire manufacturing index expected +1.5 to 15.0, Jan +5.3 to 13.5.
0900 ET	Dec net long-term TIC flows expected +$45.0 billion, Nov +$59.8 billion.
0915 ET	Dallas Fed President Richard Fisher speaks at the Texas Manufacturers Summit 2012 in San Marcos, TX.
0915 ET	Jan industrial production expected +0.7%, Dec +0.4%. Jan capacity utilization expected +0.5 to 78.6%, Dec +0.3 to 78.1%.
1000 ET	Treasury Secretary Timothy Geithner testifies before the House Ways and Means Committee on the president?s budget for fiscal 2013.
1000 ET	Feb NAHB housing market index expected +1 to 26, Jan +4 to 25.
1400 ET	Minutes of the Jan 24-25 FOMC meeting.
Japan
0100 ET	Revised Jan Japan machine tool orders, previous -6.6% y/y.
France
0130 ET	Q4 French BDP expected -0.2% q/q and +1.1% y/y, Q3 +0.3% q/q and +1.5% y/y.
Germany
0200 ET	Q4 German GDP expected -0.3% q/q and +1.8% y/y, Q3 +0.5% q/q and +2.5% y/y.
Euro-Zone
0300 ET	EU President Herman Van Rompuy speaks at the European Parliament.
0500 ET	Q4 Euro-Zone GDP expected -0.4% q/q and +0.7% y/y, Q3 +0.1% q/q and +1.3% y/y.
n/a	Euro-Zone finance ministers hold a conference call call instead of a planned meeting in Brussels on the Greek aid package.
United Kingdom
0430 ET	Jan U.K. jobless claims change expected +3,000, Dec +1,200. Jan claimant count rate expected 5.0%, Dec 5.0%.
0430 ET	Dec U.K. ILO unemployment rate expected 8.4% 3-months, Nov 8.4% 3-months.
0430 ET	Dec U.K. avg weekly earnings expected +1.9% 3-mo/year-over-year, Nov +1.9% 3-mo/year-over-year.
0430 ET	Dec U.K. avg weekly earnings ex-bonus expected +1.9% 3-mo/year-over-year, Nov +1.9% 3-mo/year-over-year.
0530 ET	BOE releases quarterly inflation report.

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

Sherwin-Williams (SHW) Barchart Chart of the Day

Barchart.com's Chart of the Day - Sherwin-Williams (SHW)

Barchart Research Team - Barchart.com - Tue Feb 14, 6:06PM CST

Related Stocks

SHW - Sherwin-Williams Company

Sym	Last	Chg	Pct
SHW	99.42	-0.38	-0.38%

The "Chart of the Day" is Sherwin-Williams (SHW), which showed up on Tuesday's Barchart "All Time High" list. Sherwin-Williams on Tuesday edged to a new all-time high of 100.00 and closed up +0.66%. TrendSpotter has been Long since Dec 20 at $86.85. Sherwin-Williams was last featured on "Chart of the Day" with the Dec 12 close of 84.93. In recent news on the stock, Sherwin-Williams on Jan 26 reported diluted Q4 EPS of 14 cents versus expectations of 83 cents due to an increase in tax expenses related to an asset impairment charges and an IRS settlement. Sherwin-Williams, with a market cap of $10 billion, is a manufacturer, distributor and retailer of paint, coatings and related products.


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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Altria Group - MO - smoldering

COMPLETE ARTICLE AND GRAPHS

Barchart technical indicators:

• 56% Barchart technical buy signal
• Trend Spotter hold signal
• Above its 20, 50 and 100 day moving averages
• The price is up 19.07% in the past year and only 4.08% off its 1 year high
• Relative Strength Index 57.14%
• Barchart computes a technical support level at 28.95
• Recently traded at 29.16 with a 50 day moving average of 28.93

3 Large Cap S&P 500 stocks on the move

This morning I used Barchart to screen the Large Cap S&P 500 stocks to find the 3 I think have the best upward price momentum.  This is not a buy list but I'll show you the technical indicators and you can put them on your watch list if they pass you own due diligence:


Snap On Inc (SNA)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 15.93% in the last month
• Relative Strength Index 78.57%
• Barchart computes a technical support level at 61.12
• Recently traded at 61.62 with a 50 day moving average of 53.93

Coach (COH)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 16 new highs and up 21.49% in the last month
• Relative Strength Index 81.87%
• Barchart computes a technical support level at 73.84
• Recently traded at 75.53 with a 50 day moving average of 64.77

Cincinnati Financial - (CINF)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 76.92% in the last month
• Relative Strength Index 76.92%
• Barchart computes a technical support level at 34.30
• Recently traded at 34.58 with a 50 day moving average of 31.41

Remember to run these stocks through your own due diligence protocol to see if the stock is suitable for your own portfolio.

Barchart Morning Call 2/14

Barchart Morning Call

Barchart.com - 2 hrs 58 mins ago

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.14% and Mar S&Ps up +1.90 points. Stocks and commodities moved higher, with Mar crude at a 3-week high, after German investor confidence unexpectedly jumped to a 10-month high and as Italian and Spanish borrowing costs fell, even after Moody's Investors Service downgraded the debt ratings of 6 European countries. The dollar index retreated from a 1-week high after the Feb German ZEW survey of economic sentiment surged +27.0 to 5.4, stronger than expectations of +9.6 to -12.0. Stocks had earlier declined after Moody's Investors Service Downgraded Spain's debt rating to A3 from A1, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings cut, while Moody's said it may also strip France and the U.K. of their top Aaa ratings, citing Europe's debt crisis. The euro recovered from early losses and moved higher after Italian and Spanish borrowing costs fell when Italy sold 6 billion euros of bonds, the maximum target, with the yield on the 2-year securities at 3.41%, down from a similar auction last month at 4.83% and the lowest in 11 months, while Spain sold 5.45 billion euros of bills with a yield on the 12-month debt at 1.899%, down from 2.049% at a similar auction in Jan and the lowest in 16 months.
• Asian stocks today closed mixed with Japan up +0.59%, China -0.39%, Australia -0.99%, South Korea -0.14%, India +0.43%. Asian stocks had weakened after Moody's downgraded the debt ratings of 6 European nations but Japan's Nikkei 225 Stock Index shed its losses and rallied up to a 3-1/2 month high when the BOJ unexpectedly added 10 trillion yen ($128 billion) to an asset-purchase program and said it will target 1% inflation "for the time being." The BOJ boosted its bond-purchase program to 65 trillion yen ($835 billion) from 55 trillion yen and said in a statement that it aimed to "clarify its monetary policy stance" and wants to "overcome deflation and achieve sustainable growth with price stability." The yen fell to a 2-1/2 week low against the dollar following the BOJ's actions, which fueled gains in banks and exporters.

Overnight U.S. Stock News

• March S&Ps this morning are trading up +1.90 points. The US stock market on Monday settled higher on reduced European sovereign debt concerns after Greece approved austerity measures needed to secure bailout funds: Dow Jones +0.57%, S&P 500 +0.68%, Nasdaq Composite +0.95%. The Nasdaq posted a fresh 11-year high. Bullish factors included (1) carry-over strength from a rally in European stocks after Greece's parliament approved austerity measures needed to ensure that it receives a second bailout package to keep it from default, (2) reduced concerns of a European liquidity crisis after the Euribor-OIS spread, a measure of European banks' reluctance to lend, dropped to 71 bp, the lowest in 4 months, (3) speculation China may ease its monetary policies further to stimulate growth after Chinese Premier Wen Jiabao said the nation needs to start "fine-tuning" economic policies this quarter, and (4) a rally in commodity and energy producers as a weaker dollar helped spur gains in most commodities.
• Bearish factors Monday included (1) concern that weak economic growth in Asia may slow the global economy after Q4 Japan GDP contracted -0.6% q/q and -2.3% annualized, weaker than expectations of -0.3% q/q and -1.3% annualized and (2) a joint 173-page letter from the Clearing House Association, American Bankers Association, Securities Industry and Financial Markets Association and the Financial Services Roundtable that said the proposed Volcker Rule to ban propriety trading would "severely limit banking entities' ability to hedge their own risk, thereby increasing rather than decreasing the risk to banking entities and the financial system."

Today's Market Focus

• March 10-year T-notes this morning are up +2.5 ticks. T-note prices on Monday settled lower but well off of their worst levels on concern that Greek approval of austerity steps taken to receive its second bailout will be insufficient in ending the country's debt crisis: TYH2 -8.5, FVH2 -5.7, EDM2 -1.5. Bearish factors Monday included (1) reduced safe-haven demand for Treasuries after global stocks rallied when Greece's parliament approved austerity measures needed to ensure that it receives a second bailout package to keep it from default and (2) reduced concerns of a European liquidity crisis, which also dented safe-haven demand for Treasuries, after the Euribor-OIS spread, the difference between the euro interbank offered rate and overnight indexed swaps and a measure of European banks' reluctance to lend, dropped to 71 bp, the lowest in 4 months. Bullish factors included (1) the Fed's action to purchase $1.813 billion of Treasuries as part of its Operation Twist program to replace $400 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to keep borrowing costs low, (2) skepticism that Greece's action to approve austerity measures needed for a second bailout will be enough to end the country's sovereign-debt crisis, and (3) comments from San Francisco Fed President Williams who said "there may still be considerable scope" for the Fed's monetary policy to affect medium and longer-term interest rates, even when the target for overnight lending rates is near zero.
• The dollar index this morning is lower with the dollar/yen +0.51 yen and the euro/dollar +0.08 cents. The dollar index on Monday settled lower but well off its worst levels on concern that Greek approval of austerity measures will still be insufficient to keep it from default: Dollar Index -0.168, USDJPY -0.062, EURUSD -0.00111. Bearish factors included (1) reduced safe-haven demand for the dollar after global stock markets rallied when Greece's parliament approved austerity measures needed to ensure that it receives a second bailout package to keep it from default, (2) the statement from EU Economic and Monetary Affairs Commissioner Rehn that he's "confident" that Greece has done enough to ensure it receives the bailout, and (3) the decline in Italian borrowing costs to their lowest in 8 months after Italy sold Treasury bills at the maximum target of 12 billion euros, which is euro supportive. Bullish factors Monday included (1) the weaker than expected Q4 Japan GDP, which is yen negative and (2) concern that Greek approval of austerity measures for financial aid will be insufficient to stem the Greek sovereign-debt crisis.
• Mar crude oil prices this morning are up +59 cents a barrel at a 3-week high and Mar gasoline is cents per gallon. Crude oil and gasoline prices Monday moved higher after the Greek parliament approved an austerity plan to receive financial aid, which reduced European debt concerns, and also after shippers said they will stop loading crude cargoes from Iran, which may limit global crude supplies: CLH12 +$2.24, RBH +3.76. Mar crude posted a 1-1/2 week high and Mar gasoline climbed to a 5-1/2 month high. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities, (2) the action by Greece's parliament to approve austerity measures needed to ensure a 130-billion-euro aid package, which reduces concern Greek will default on its debt and undercut the global economy and energy demand, (3) the statement from the Overseas Shipholding Group, Frontline Ltd. and owners that control more than 100 supertankers, that because of the EU's upcoming ban on Iranian crude oil in July, they will stop loading crude cargoes from Iran, which may curtail global crude supplies, and (4) strength in gasoline on concern the closure of several East Coast refineries will limit gasoline supplies as DOE data showed the U.S. East Coast processed 903,000 barrels of oil a day in the week ended Feb 3, down from 1.11 million a year earlier. A bullish factor was the bigger-than-expected contraction in Q4 Japan GDP, which signals reduced energy demand in the world's third-largest crude oil consumer.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MET-MetLife (BEST earnings consensus $1.24), MMC-Marsh & McLennan (0.45), HCP-HCP Inc. (0.46), OMC-Omnicom Group (0.94), FTI-FMC Technologies (0.84), HST-Host Hotels & Resorts (0.03), ZNGA-Zynga (0.03), BWA-BorgWarner (1.17), AVP-Avon Products (0.53), WPI-Watson Pharmaceuticals (1.76), WSH-Willis Group Holdings PLC (0.48), KORS-Michael Kors Holdings Ltd. (0.06), FOSL-Fossil (1.77), HSP-Hospira (0.47), WTW-Weight Watchers International (0.86), GT-Goodyear Tire & Rubber (0.21).
Global Financial Calendar

Tuesday 2/14/12
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET	Jan import price index expected +0.3% m/m and +7.2% y/y, Dec -0.1% m/m and +8.5% y/y.
0830 ET	Jan retail sales expected +0.8% and +0.5% less autos, Dec +0.1% and -0.2% less autos.
0845 ET	Philadelphia Fed President Charles Plosser speaks on the economic outlook at an event in Newark, DE.
0855 ET	Redbook weekly retailer sales.
1000 ET	Dec business inventories expected +0.4%, Nov +0.3%.
1000 ET	Treasury Secretary Timothy Geithner testifies before the Senate Finance Committee on the president?s budget for fiscal 2013.
1130 ET	Weekly 4-week T-bill auction.
1740 ET	Atlanta Fed President Dennis Lockhart speaks on the economic outlook to the Global Independence Center in Sarasota, FL.
France
0245 ET	Q4 French non-farm payrolls expected -0.3% q/q, Q3 unchanged q/q. Q4 French wages, Q3 +0.3% q/q.
United Kingdom
0430 ET	Dec U.K. DCLG house prices, Nov -0.3% y/y.
0430 ET	Jan U.K. CPI expected -0.5% m/m and +3.6% y/y, Dec +0.4% m/m and +4.2% y/y.
0430 ET	Jan U.K. core CPI expected +2.6% y/y, Dec +3.0% y/y.
0430 ET	Jan U.K. RPI expected -0.4% m/m and +4.1% y/y, Dec +0.4% m/m and +4.8% y/y.
0430 ET	Jan U.K. RPI ex-mortgage interest payments expected +4.2% y/y, Dec +5.0% y/y.
Germany
0500 ET	Feb German ZEW survey economic sentiment expected +9.6 to -12.0, Jan +32.2 to -21.6. Feb ZEW survey current situation expected +2.1 to 30.5, Jan +1.6 to 28.4.
Euro-Zone
0500 ET	Dec Euro-Zone industrial production expected -1.2% m/m and -1.2% y/y, Nov -0.1% m/m and +0.1% y/y.

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

Diageo - DEO - Barchart Chart of the Day

Barchart.coms Chart of the Day - Diageo (DEO)

Barchart Research Team - Barchart.com - Mon Feb 13, 6:33PM CST

Related Stocks

DEO - Diageo Plc

Sym	Last	Chg	Pct
DEO	94.37	-0.18	-0.19%

The "Chart of the Day" is Diageo (DEO), which showed up on Monday's Barchart "All Time High" and "Gap Up" lists. Diageo on Monday gapped up to a new all-time high and closed up 1.23%. TrendSpotter has been Long since Dec 23 at $86.19. In recent news on the stock, Diageo said European sales were flat in the second half of 2011 and UK sales were down, but sales were up by 23% in Latin America, 12% in Africa, 10% in Asia, and 5% in North America. Diageo Plc, with a market cap of $58 billion, is an multinational branded food and drinks company with brands including Smirnoff, Johnnie Walker, J&B, Gordon's, Malibu, Baileys, Guinness and Tanqueray.


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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