3 Stocks I can't ignore

This morning I used Barchart to screen all 12,000 stocks in their database to find the 3 with the best upward momentum and found Bassett Furniture Industries (BSET), Starbucks (SBUX) and  Midwestone Financial Group (MOFG)

Bassett Furniture Industries (BSET)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 21 new highs and up 12.73% in the last month
• Relative Strength Index 86.44%
• Barchart computes a technical support level at 9.30
• Recently traded at 9.39 with a 50 day moving average of 8.45

Starbucks (SBUX)

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 18.64% in the last month
• Relative Strength Index 85.17%
• Barchart computes a technical support level at 56.51
• Recently traded at 58.18 with a 50 day moving average of 51.05

Midwestone Financial Group (MOFG)

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 12.76% in the last month
• Relative Strength Index 67.55%
• Barchart computes a technical support level at 19.17
• Recently traded at 19.64 with a 50 day moving average of 17.66

3 NASDAQ 100 stocks on the move up

This morning I used Barchart to screen the NASDAQ 100 stocks to find the 3 with the most consistent upward price momentum in the last month and found Starbucks (SBUX), Priceline.com (PCLN) and BMC Software (BMC)

Starbucks (SBUX)

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 17.17% in the last month
• Relative Strength Index 83.34%
• Barchart computes a technical support level at 56.10
• Recently traded at 57.39 with a 50 day moving average of 51.03

Priceline.com (PCLN)

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 17.19% in the last month
• Relative Strength Index 81.04%
• Barchart computes a technical support level at 722.94
• Recently traded at 755.02 with a 50 day moving average of 627.52

BMC Software (BMC)

Barchart technical indicators:

• 56% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 8.35% in the last month
• Relative Strength Index 59.23%
• Barchart computes a technical support level at 39.46
• Recently traded at 39.98 with a 50 day moving average of 38.48

Barchart Morning Call 4/5

Barchart Morning Call

Barchart.com - 1 hr 52 mins ago

Overnight Developments

• Global stocks this morning are mostly lower with the Euro Stoxx 50 down -0.55% at a 2-1/2 month low and Jun S&Ps down -5.50 points at a 1-1/2 week low. Treasuries rose and the dollar index climbed to a 2-1/2 week high as stocks added to this week's losses on concern European authorities will struggle to keep the region's debt crisis from spreading. The euro slipped to a 2-1/2 week low against the dollar and 5-year German bund yields fell to a record low 0.719% after the yield spread between Spanish and German 10-year maturities reached 400 bp for the first time since Dec 12, while the extra yield investors demand to hold 10-year French bonds instead of benchmark German bunds widened to 126 bp, the most in 2-months. The yields on French bonds rose despite decent demand for its auction of 8.44 billion euros of debt, close to the maximum target. France sold 4.32 billion euros of 10-year debt at a yield of 2.98%, higher than a similar auction last month of 2.91%, although the bid-to-cover ratio was 2.65, higher than last month's 2.47, a sign of strong demand. Another negative for stocks and the euro was Feb German industrial production which fell -1.3% m/m and -1.0% y/y, weaker than expectations of -0.5% m/m and +0.3% y/y. As expected, the BOE held its benchmark interest rate at 0.50% and kept the asset purchase target at 325 billion pounds
• Asian stocks today closed mixed with Japan down -0.53%, China +2.36%, Australia -0.32%, South Korea +0.61%, India closed for holiday. Most Asian stock markets were under pressure on concern Europe won't be able to contain its debt crisis. Japan's Nikkei 225 Stock Index tumbled to a 4-week low after companies that do business in Europe slid while exporters as a whole weakened as the yen rose against the dollar. Japanese stocks pared a loss and closed well above their lows after a rejection of a BOJ nominee came as a victory for lawmakers pressing for more monetary easing. China's Shanghai Stock Index closed higher after the government said it will more than double the amount foreigners can invest in Chinese assets, but gains were limited as the country's big banks fell after Prime Minister Wen Jiabao pledged to break the "monopoly" enjoyed by the largest lenders who are able to make easy profits because it's hard to borrow money elsewhere. South Korea's Kospi Index finished higher after Q1 South Korea foreign direct investment rose +17% y/y, the most in 3 quarters.

Overnight U.S. Stock News

• June S&Ps this morning are trading down -5.50 points. The U.S. stock market Wednesday settled sharply lower on an increase in European sovereign-debt concerns after weak demand was seen at a Spanish debt auction and after the Mar ISM non-manufacturing index fell more than expected: Dow Jones -0.95%, S&P 500 -1.02%, Nasdaq Composite -1.46%. The Dow and the Nasdaq fell to 1-week lows. Bearish factors Wednesday included (1) carry-over weakness from a fall in European stocks on concern the region's debt crisis may spread to Spain after credit-default swaps to insure its government debt jumped to a 4-month high as demand dropped at a Spanish bond auction and after Spanish Prime Minister Rajoy said Spain's situation is one of "extreme difficulty," (2) the larger-than-expected decline in the Mar ISM non-manufacturing index (-1.3 to 56.0 versus expectations of -0.5 to 56.8), and (3) weakness in energy producers after crude oil plunged to a 1-1/2 month low after weekly DOE crude supplies rose by the most since Aug 2008.
• Bullish factors Wednesday included (1) the larger-than-expected increase in the Mar ADP employment change along with the upward revision to Feb (Mar +209,000, stronger than expectations of 206,000, and Feb revised up to +230,000 from the originally reported +216,000) and (2) comments from Richmond Fed President Lacker who said "downside risks have diminished now relative to where they were 4 to 5 months ago," and the U.S. economy should expand from 2% to 3% this year.

Today's Market Focus

• June 10-year T-notes this morning are up +16.5 ticks. T-note prices Wednesday rebounded from a 1-week low and settled higher early on increased safe-haven demand over concern the European debt crisis may worsen along with the weaker-than-expected Mar ISM non-manufacturing index: TYM2 +14.5, FVM2 +9.2, EDU2 -1.5. Bullish factors Wednesday included (1) increased safe-haven demand for Treasuries on concern the European debt crisis may spread to Spain after credit-default swaps to insure its government debt jumped to a 4-month high as demand dropped at a Spanish bond auction and after Spanish Prime Minister Rajoy said Spain's situation is one of "extreme difficulty," (2) the larger-than-expected decline in the Mar ISM non-manufacturing index (-1.3 to 56.0 versus expectations of -0.5 to 56.8), and (3) the action by the Fed to purchase $1.866 billion of Treasuries as part of it Operation Twist program to replace $400 billion of short-term debt in its holdings with longer maturities in an attempt to keep borrowing costs down. Bearish factors included (1) the larger-than-expected increase in the Mar ADP employment change along with the upward revision to Feb (Mar +209,000, stronger than expectations of 206,000, and Feb revised up to +230,000 from the originally reported +216,000) and (2) comments from Richmond Fed President Lacker who said U.S. economic growth will probably accelerate to about 3% next year, which will warrant an increase in interest rates.
• The dollar index this morning is stronger and at a 2-1/2 week high with the dollar/yen -0.53 yen and the euro/dollar -0.72 cents. The dollar index Wednesday rallied to a 1-1/2 week high and settled higher as the euro fell when ECB President Draghi said the economic outlook remained subject to "downside risks" and after Spanish bond yields surged on weak demand for its government debt: Dollar Index +0.295, USD/JPY -0.356, EUR/USD -0.00910. Bullish factors included (1) the fall in the euro to a 2-1/2 week low against the dollar after ECB President Draghi said the economic outlook remained subject to "downside risks as the remaining tensions in euro area sovereign debt markets are expected to dampen economic momentum," (2) increased safe-haven demand for the dollar on concern over contagion of the European debt crisis to Spain after credit-default swaps to insure its government debt jumped to a 4-month high of 457 bp after it sold 2.59 billion euros of bonds at auction, less than the maximum target of 3.5 billion euros, and after Prime Minister Rajoy said Spain's situation is one of "extreme difficulty," and (3) the weaker than expected Feb German factory orders, which is euro negative. Bearish factors included (1) the larger-than-expected decrease in the Mar ISM non-manufacturing index, which is dollar negative and (2) the unexpected upward revision to the Mar Euro-Zone PMI composite index, which is euro positive.
• May crude oil prices this morning are up +35 cents a barrel and May gasoline is -0.60 of a cent per gallon. Crude oil and gasoline prices Wednesday sold-off and settled sharply lower as the dollar rallied and after weekly DOE crude supplies surged to a 9-1/2 month high and U.S. crude output rose to a 12-year high: CLK12 -$2.54, RBK -6.18. May crude dropped to a 1-1/2 month low. Bearish factors included (1) the rally in the dollar index to a 1-1/2 week high, which reduces investment demand in commodities, (2) the much larger-than-expected increase in weekly DOE crude inventories which rose by the most since Aug 2008 to their highest level in 9-1/2 months (+9.01 million bbl to 362.4 million bbl versus expectations of +2.2 million bbl), (3) the +3.9% increase in U.S. crude production for the week ended Mar 30 to 6.049 million barrels day, the highest in 12 years, (4) the unexpected increase in weekly DOE distillate stockpiles (+19,000 bbl versus expectations of -450,000), and (5) the larger-than-expected decline in the Mar ISM non-manufacturing index, which indicates reduced fuel demand. Bullish factors included (1) the larger-than-expected increase in the Mar ADP employment change, which signals economic strength that is beneficial for fuel demand and (2) the unexpected upward revision to the Mar Euro-Zone PMI composite index, which indicates increased energy consumption.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): KMX-CarMax (BEST earnings consensus $0.40), STZ-Constellation Brands (0.38), RPM-RPM International (0.01), PIR-Pier 1 Imports (0.48), SCHN-Schnitzer Steel Industries (0.32), WDFC-WD-40 Co. (0.54), AZZ-AZZ Inc. (0.82).
Global Financial Calendar

Thursday 4/5/12
United States
0730 ET	Mar Challenger job cuts, Feb +2.0% y/y.
0830 ET	Weekly initial unemployment claims expected -4,000 to 355,000, previous -5,000 to 359,000. Weekly continuing claims expected +10,000 to 3.350 million, previous -41,000 to 3.340 million..
0910 ET	St. Louis Fed President James Bullard speaks on the U.S. economy and monetary policy at an event in St. Louis.
1030 ET	Mar ICSC chain store sales, Feb +4.1% y/y.
1100 ET	Treasury announces amounts of 3-year T-notes (previous $32 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Apr 10-12.
1630 ET	Weekly money supply report and Fed balance sheet.
United Kingdom
0430 ET	Feb U.K. industrial production expected +0.4% m/m and -2.1% y/y, Jan -0.4% m/m and -3.8% y/y.
0430 ET	Feb U.K. manufacturing production expected +0.1% m/m and +0.1% y/y, Jan +0.1% m/m and +0.3% y/y.
0700 ET	BOE announces interest rate decision and asset purchase target (expected no change to the 0.50% benchmark rate and no change to the 325 billion asset purchase target).
Germany
0600 ET	Feb German industrial production expected -0.5% m/m and +0.3% y/y, Jan +1.6% m/m and +1.8% y/y.
Canada
0830 ET	Mar Canada net change in employment expected +10,000, Feb -2,800. Mar unemployment rate expected unchanged at 7.4%, Feb -0.2 to 7.4%.
1000 ET	Mar Ivey purchasing managers index expected +0.5 to 67.0, Feb +2.4 to 66.5.

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Gartner - IT - Barchart Chart of the Day

Barchart.com's Chart of the Day - Gartner (IT)

Barchart Research Team - Barchart.com - Wed Apr 04, 9:44PM CDT

Related Stocks

IT - Gartner

Sym	Last	Chg	Pct
IT	43.27	-0.19	-0.44%

The "Chart of the Day" is Gartner (IT), which showed up on Wednesday's Barchart "All Time High" list. Gartner on Wednesday posted a new all-time high of $43.34 and closed up 0.28%. TrendSpotter has been Long since Jan 19 at $37.15. In recent news on the stock, Gartner on Feb 7 reported Q4 EPS of 46 cents versus the consensus of 47 cents. Gartner, with a market cap of $4 billion, is a research and advisory firm that helps clients understand technology and drive business growth.



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 Small Cap S&P 600 stocks on the move up

This morning I used Barchart to screen the Small Cap S&P 600 stocks to find the 3 with he most steady and consistent upward price momentum and found Ruth's Hospitality Group (RUTH), A M Castle & Co (CAS) and Lance (LNCE)

Ruth's Hospitality Group (RUTH)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 22.00% in the last month
• Relative Strength Index 65.11%
• Barchart computes a technical support level at 7.20
• Recently traded at 7.44 with a 50 day moving average of 6.64

A M Castle & Co (CAS)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 24.08% in the last month
• Relative Strength Index 64.46%
• Barchart computes a technical support level at 12.71
• Recently traded at 12.75 with a 50 day moving average of 11.42

Lance (LNCE)

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 16.85% in the last month
• Relative Strength Index 68.20%
• Barchart computes a technical support level at 25.32
• Recently traded at 25.78 with a 50 day moving average of 23.44

Barchart Morning Call 4/4

Barchart Morning Call

Barchart.com - Wed Apr 04, 7:00AM CDT

Overnight Developments

• Global stocks this morning are weaker with the Euro Stoxx 50 down -0.64% and Jun S&Ps down -12.60 points. The dollar index climbed to a 1-week high and most commodities fell, with Jun gold falling to a 1-1/2 week low, as stocks fell around the world after the Fed signaled it may refrain from additional stimulus to boost the economy. The euro fell to a 1-1/2 week low against the dollar and credit-default swaps to insure the government debt of Spain jumped 18 bp to a 4-month high of 457 bp after it sold fewer securities than targeted. Spanish 5-year yields climbed 27 bp to a 3-3/4 month high of 4.53% after Spain sold 2.50 billion euros of bonds at auction, less than the maximum target of 3.5 billion euros. European automakers slid after Mar U.S. total vehicle sales came in at 14.32 million units, weaker than estimates of 14.60 million. Another negative for stocks was the Feb German factory orders that rose +0.3% m/m and fell -6.1% y/y, weaker than expectations of +1.5% m/m and -5.5% y/y, with the -6.1% y/y decline the biggest in 28-months. On the positive side, the Mar Euro-Zone PMI composite contracted less than expected after it was revised up to 49.1 from the previously reported 48.7.
• Asian stocks today closed lower with Japan down -2.29%, China closed for holiday, Australia -0.07%, South Korea -1.52%, India -0.63%. Asian stocks closed lower after the Fed dampened expectations of more monetary stimulus. Japan's Nikkei 225 Stock Index fell below 10,000 and tumbled to a 3-1/2 week low as exporters and commodity producers declined. The Australian dollar sank to an 11-week low against the U.S. dollar after Australia posted an unexpected trade deficit in Feb for a second month, its first back-to-back deficits in 2-years. Feb Australian exports fell to A$24.4 billion, the lowest level in a year, which boosts expectations of an interest rate cut by the RBA next month. China accelerated the opening of its capital markets by more than doubling the amount foreigners can invest in stocks, bonds and bank deposits after the China Securities Regulatory Commission increased the quotas for foreign institutional investors to $80 billion from $30 billion.

Overnight U.S. Stock News

• June S&Ps this morning are trading down -12.60 points as global stocks fall after the Fed signaled no additional stimulus. The U.S. stock market Tuesday settled lower on an increase in European sovereign-debt concerns and after the Mar 13 FOMC meeting minute?s dampened speculation the Fed would increase monetary accommodation: Dow Jones -0.49%, S&P 500 -0.40%, Nasdaq Composite -0.20%. The Nasdaq posted an 11-year high but erased its advance and closed lower. Bearish factors Tuesday included (1) carry-over weakness from a slide in European stocks on concern the region's debt crisis may spread after bond yields on Italian, Spanish and Portuguese government debt all rose, (2) the smaller-than-expected increase in Feb U.S. factory orders along with the downward revision to Jan (Feb +1.3% versus expectations of +1.5%, while Jan was revised down to -1.1%, weaker than the originally reported -1.0%), (3) the warning from IMF Managing Director Lagarde who said "if the European economy falters, the American recovery and American jobs would be in jeopardy," and (4) the minutes of the Mar 13 FOMC meeting that showed the Fed is holding off on additional stimulus measures unless the U.S. economic expansion falters or prices rise less than the Fed's 2% target.
• Bullish factors Tuesday included (1) stronger-than-expected global economic data that bolsters confidence in the economic outlook after the Mar U.K. PMI construction unexpectedly expanded at its fastest pace in 21 months (+2.4 to 56.7) and after the Mar China non-manufacturing PMI rose to its best level in 10 months (+0.7 to 58.0) and (2) early strength in technology stocks as Apple climbed to an all-time high after Piper Jaffrey said Apple's stock price could climb to $1,000 a share by 2014.
• SanDisk (SNDK) fell 7.6% in European trading after the company lowered its revenue estimate for the quarter that ended Apr 1 to $1.2 billion, below an earlier forecast of $1.3 billion to $1.35 billion.

Today's Market Focus

• June 10-year T-notes this morning are up +15 ticks as weak global stocks fuel safe-haven demand for Treasuries. T-note prices Tuesday traded higher early on increased safe-haven demand from the European debt crisis along with a smaller-than-expected increase in Feb U.S. factory orders but prices tumbled into the close and settled lower after the Mar 13 FOMC meeting minutes said that Fed members saw no need of new easing unless growth slips: TYM2 -25.0, FVM2 -14.0, EDU2 -2.5. Bearish factors Tuesday included (1) reduced safe-haven demand for Treasuries after Volker Kauder, a parliamentary leader of Chancellor Merkel's Christian Democratic Party said "There is no necessity at the moment for there to be any talk of Spain having to apply for aid from a rescue fund," (2) stronger-than-expected global economic data that bolsters confidence in the economic outlook and may reduce the safe-haven demand of Treasuries after the Mar U.K. PMI construction unexpectedly expanded at its fastest in 21 months (+2.4 to 56.7) and after the Mar China non-manufacturing PMI rose at its best pace in 10 months (+0.7 to 58.0), and (3) the Mar 13 FOMC meeting minutes that dashed hopes of QE3 after policy members stated they will hold off on increasing monetary stimulus unless U.S. economic growth falters or prices rise at a rate slower than its 2% target. Bullish factors included (1) the smaller-than-expected increase in Feb U.S. factory orders along with the downward revision to Jan (Feb +1.3% versus expectations of +1.5%, while Jan was revised down to -1.1%, weaker than the originally reported -1.0%), (2) increased safe-haven demand for Treasuries on concern the European debt crisis may worsen after Portuguese and Spanish bond yields rose, and (3) the action by the Fed to purchase $1.347 billion of long-term TIPS as part of it Operation Twist program to replace $400 billion of short-term debt in its holdings with longer maturities in an attempt to keep borrowing costs down.
• The dollar index this morning is higher and at a 1-week high with the dollar/yen -0.54 yen and the euro/dollar -0.78 cents. The dollar index Tuesday fluctuated on both sides of unchanged but recovered from a 1-month low and settled higher after the Fed dampened speculation it will increase its monetary accommodation : Dollar Index +0.663, USD/JPY +0.736, EUR/USD -0.00872. Bullish factors included (1) increased safe-haven demand for the dollar after IMF Managing Director Lagarde warned that "if the European economy falters, the American recovery and American jobs would be in jeopardy," (2) concern over contagion of the European sovereign-debt crisis to Spain after Spanish bond yields rose when Spain's Labor Ministry said the number of Spanish people registering for jobless benefits rose +38,769 to 4.75 million, the eighth consecutive monthly increase, and after the Spanish government said its debt will climb to 79.8% of GDP this year, up from 68.5% of GDP last year, and (3) the Mar 13 FOMC meeting minutes that showed the Fed is holding off on additional stimulus measures unless the U.S. economic expansion falters or prices rise less than the Fed's 2% target. Bearish factors included (1) euro supportive comments from Volker Kauder, a parliamentary leader of Chancellor Merkel's Christian Democratic Party who said "There is no necessity at the moment for there to be any talk of Spain having to apply for aid from a rescue fund," and (2) the smaller-than-expected increase in Feb U.S. factory orders, which indicates slowing momentum in the U.S. economy and is dollar negative.
• May crude oil prices this morning are down -88 cents a barrel and May gasoline is +0.66 cents per gallon. Crude oil and gasoline prices Tuesday settled mixed as crude fell after the dollar rebounded from a 1-month low and Feb U.S. factory orders rose less than expected, while gasoline gained on support from a rally in Eurobob prices to a record: CLK12 -$1.22, RBK +1.32. May gasoline posted a contract high. Bullish factors included (1) the increase in the Mar China non-manufacturing index to a 10-month high, which is positive for fuel consumption in the world's second-largest crude oil consumer, and (2) carry-over support from a rally in European gasoline or the Eurobob blend of gasoline to a record as inventories in ARA, the trading hub for Northwest Europe, are 25% below last year's levels. Bearish factors included (1) the rebound in the dollar after the dollar index recovered from a 1-month low and closed higher, which reduces investment demand for commodities, (2) the smaller-than-expected increase in Feb U.S. factory orders, which suggests economic weakness that is negative for fuel demand, and (3) the outlook for U.S. crude supplies to increase to a 7-month high when the weekly DOE inventory report is released on Wed. Expectations for the weekly DOE inventory report are for crude stockpiles to increase +2.2 million bbl, gasoline supplies to fall -1.2 million bbl, distillate inventories to decline -450,000 bbl and the refinery utilization rate to climb +0.4 to 84.9% of capacity.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): MON-Monsanto (BEST earnings consensus $2.12), BBBY-Bed Bath & Beyond (1.33), MSM-MSC Industrial Direct (0.95), AYI-Acuity Brands (0.62), PSMT-Pricesmart (0.68), SHLM-A Schulman (0.44), MG-Mistras Group (0.13), RT-Ruby Tuesday (0.16).
Global Financial Calendar

Wednesday 4/4/12
United States
0700 ET	Weekly MBA mortgage applications, previous -2.7% with purchase mortgage sub-index +3.3% and refinancing sub-index -4.6%.
0815 ET	Mar ADP employment change expected +206,000, Feb +216,000.
1000 ET	Mar ISM non-manufacturing index expected -0.5 to 56.8, Feb +0.5 to 57.3.
1100 ET	San Francisco President John Williams speaks to the San Francisco Planning & Urban Research.
France
0350 ET	Revised Mar French PMI services expected no change at 50.0.
Germany
0355 ET	Revised Mar German PMI services expected no change at 51.8.
0600 ET	Feb German factory orders expected +1.5% m/m and -5.5% y/y, Jan -2.7% m/m and 4.9% y/y.
Euro-Zone
0400 ET	Revised Mar Euro-Zone PMI composite expected no change at 48.7.
0500 ET	Feb Euro-Zone retail sales expected -0.1% m/m and -1.1% y/y, Jan +0.3% m/m and unchanged y/y.
0745 ET	ECB announces interest rate decision (expected no change to the 1.00% 2-week refinancing rate).
0830 ET	ECB President Mario Draghi speaks at monthly press conference.
United Kingdom
0430 ET	Mar U.K. PMI services expected -0.4 to 53.4, Feb -2.2 to 53.8.

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

MasterCard - MA - Barchart Chart of the Day

Barchart.coms Chart of the Day - MasterCard (MA)

Barchart Research Team - Barchart.com - Tue Apr 03, 10:00PM CDT

Related Stocks

MA - Mastercard Inc.

Sym	Last	Chg	Pct
MA	430.03	-7.99	-1.82%

The "Chart of the Day" is MasterCard (MA), which showed up on Tuesday's Barchart "All Time High" list. MasterCard on Tuesday rallied to a new all-time high of $440.60 and closed up 1.38%. TrendSpotter has been Long since Feb 3 at $390.32. In recent news on the stock, Sterne Agee on March 5 reiterated its Buy rating on MasterCard and raised its target to $480 from $430. Deutsche Bank on Feb 24 reiterated its Buy rating on MasterCard and raised its target to $465 from $415. However, UBS on Feb 29 initiated coverage on MasterCard with a Neutral and a target of $438. MasterCard, with a market cap of $53 billion, is a leading payment processor.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

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

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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 Mid Cap S&P 400 stocks to find the 3 with the most steady upward movement and found RPM (RPM), Greif Brothers (GEF) and Monster Beverages (MNST).

RPM (RPM)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 8.99% in the last month
• Relative Strength Index 69.61%
• Barchart computes a technical support level at 25.71
• Recently traded at 26.44 with a 50 day moving average of 25.19

Greif Brothers (GEF)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 15.09% in the last month
• Relative Strength Index 74.88%
• Barchart computes  a technical support level at 54.66
• Recently traded at 56.50 with a 50 day moving average of 51.10

Monster Beverages (MNST)

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 8.06% in the last month
• Relative Strength Index 73.91%
• Barchart computes  atechnical support level at 61.04
• Recenlty traded at 63.31 with a 50 day moving average of 56.72

Costco Wholesale - COST - Barchart Chart of the Day

Barchart.coms Chart of the Day - Costco Wholesale (COST)

Barchart Research Team - Barchart.com - Mon Apr 02, 9:32PM CDT

Related Stocks

COST - Costco Wholesale Corp.

Sym	Last	Chg	Pct
COST	91.84	+1.04	+1.15%

The "Chart of the Day" is Costco Wholesale (COST), which showed up on Monday's Barchart "All Time High" list. Costco on Monday posted a new all-time high of $92.10 and closed up 1.15%. TrendSpotter has been Long since Feb 3 at $85.36. In recent news on the stock, William Blair on March 5 upgraded Costco to Outperform from Market Perform. Costco on Feb 29 reported fiscal Q2 EPS at 90 cents, above the consensus of 87 cents. Costco, with a market cap of $39 billion, operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover.


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

5 great Large Cap S&P 500 Stocks

This morning I used Barchart to find the 5 Large Cap S&P 500 stocks having the most steady upward momentum and found Starbucks (SBUX), Philip Morris (PM), Quest Diagnostics (DGX), Direct TV (DTV), and KLA - Tencor (KLAC):

Starbucks (SBUX)

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 15.36% in the last month
• Relative Strength Index 80.61%
• Barchart computes a technical support level at 55.45
• Recently traded at 56.35 with a 50 day moving average of 50.46

Philip Morris (PM)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 15 new highs and up 5.57% in the last month
• Relative Strength Index 73.60%
• Barchart computes a technical support level at 86.39
• Recently traded at 89.36 with a 50 day moving average of 82.32

Quest Diagnostics (DGX)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 15 new highs and up 6.35% in the last month
• Relative Strength Index 67.36%
• Barchart computes a technical support level at 60.18
• Recently traded at 61.80 with a 50 day moving average of 58.67

Direct TV (DTV)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20 , 50 and 100 day moving averages
• 14 new highs and up 6.64% in the last month
• Relative Strength Index 71.68%
• Barchart computes a technical support level at 48.57
• Recently traded at 49.59 with a 50 day moving average of 46.34

KLA-Tencor (KLAC)

Barhcrat technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Relative Strength Index 72.14%
• Barchart computes a technical support level at 53.47
• Recently traded at 54.46 with a 50 day moving average of 50.65

Barchart Morning Call 4/2

Barchart Morning Call

Barchart.com - Mon Apr 02, 7:00AM CDT

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 down % and Jun S&Ps down -0.20 of a point. The dollar is lower, Treasuries are little changed and commodities are mixed as European stocks relinquished early gains and moved lower after Germany's Bundesbank said it won't accept bank bonds guaranteed by Ireland, Greece and Portugal as collateral. Moody's Investors Service said "this announcement marks a step towards divergent collateral rules and raises questions about policy cohesiveness among Euro-Zone central banks and this is credit negative for Euro-Zone sovereigns and banking systems overall, but particularly for those of Greece, Ireland and Portugal." European Stocks had initially rallied after China's Mar PMI manufacturing unexpectedly expanded by its fastest pace in a year, while Mar German PMI manufacturing was unexpectedly revised up to 48.4 from the originally reported 48.1. The British pound rallied to a 4-1/2 month high against the dollar after Mar U.K. PMI manufacturing unexpectedly increased +0.6 to 52.1, stronger than expectations of -0.5 to 50.7 and its fastest pace of growth in 11-months.
• Asian stocks today closed mostly higher with Japan up +0.26%, China closed for holiday, Australia -0.14%, South Korea +0.90%, India +0.42%. Asian stocks finished higher after an increase in Chinese manufacturing activity reduced concern over a slowdown in the Chinese economy. The Mar China manufacturing PMI unexpectedly rose +2.1 to 53.1, stronger than expectations of -0.2 to 50.8 and its strongest pace of growth in a year. The yen gained against the dollar and Japanese stocks finished higher despite stagnation in sentiment among Japan's largest manufacturers. The Q1 Japan Tankan large manufacturers index was -4, weaker than expectations of -1 and unchanged from Q4. South Korea's Kospi Stock Index finished higher after Mar South Korea CPI rose +2.6% y/y, weaker than expectations of +3.2% y/y and the slowest pace in 20 months, and after Moody's Investor's Service raised its outlook on the country's A1 credit rating to positive from stable.

Overnight U.S. Stock News

• June S&Ps this morning are trading little changed, down -0.20 of a point. The U.S. stock market Friday settled mostly higher and was bolstered by the larger-than-expected increases in personal spending and consumer confidence along with the action by European finance ministers to boost their rescue fund: Dow Jones +0.50%, S&P 500 +0.37%, Nasdaq Composite -0.12%. Bullish factors Friday included (1) the larger-than-expected increase in Feb personal spending which rose by the most in 7 months (+0.8% versus expectations of +0.6%), (2) the larger-than-expected increase in the Mar U.S. University of Michigan consumer confidence to its best level in 13-months (+1.9 to 76.2 versus expectations of +0.3 to 74.6), (3) carry-over support from a rally in European stocks on reduced European sovereign-debt concerns after European finance ministers agreed to increase their rescue lending funds.
• Bearish factors Friday included (1) the +0.2% increase in Feb personal income, weaker than expectations of +0.4%, which raises concern about the sustainability of consumer spending, (2) the larger-than-expected decline in the Mar Chicago PMI (-1.8 to 62.2 versus expectations of -1.0 to 63.0), and (3) hawkish comments from Philadelphia Fed President Plosser who said "we should not anticipate additional accommodation" and that the Fed may have to raise interest rates before the end of 2014.

Today's Market Focus

• June 10-year T-notes this morning are up +1 tick. T-note prices Friday gyrated on either side of unchanged into late morning when they climbed to a 2-1/2 week high but then tumbled into the close and settled lower after the Mar U.S. University of Michigan consumer confidence rose to its highest level in 13-months and stocks rallied: TYM2 -13.5, FVM2 -4.0, EDU2 unchanged. Bearish factors included (1) the larger-than-expected increase in Feb personal spending which rose by the most in 7 months (+0.8% versus expectations of +0.6%), (2) the larger-than-expected increase in the Mar U.S. University of Michigan consumer confidence to its best level in 13-months (+1.9 to 76.2 versus expectations of +0.3 to 74.6), (3) reduced safe-haven demand for Treasuries as stocks rallied after European finance ministers agreed to increase their rescue lending funds, and (4) hawkish comments from Philadelphia Fed President Plosser who said "we should not anticipate additional accommodation" and that the Fed may have to raise interest rates before the end of 2014. Bullish factors Friday included (1) the +0.2% increase in Feb personal income, weaker than expectations of +0.4%, which raises concern about the sustainability of consumer spending, (2) the larger-than-expected decline in the Mar Chicago PMI (-1.8 to 62.2 versus expectations of -1.0 to 63.0), and (3) the Fed's purchase of $2.09 billion of long-term Treasuries as part of it Operation Twist program to replace $400 billion of short-term debt in its holdings with longer maturities in an attempt to keep borrowing costs down.
• The dollar index this morning is lower with the dollar/yen -0.23 yen and the euro/dollar +0.01 cents. The dollar index Friday tumbled to a 1-month low and settled lower as stocks rallied and after European finance ministers agreed to increase their rescue lending fund: Dollar Index -0.182, USD/JPY +0.379, EUR/USD +0.00384. Bearish factors included (1) reduced safe-haven demand for the dollar as stocks rallied, (2) the action by European finance ministers to increase their rescue lending fund to 800 billion euros, which may help stem the European debt crisis and us euro supportive, and (3) is a rally in the yen to a 3-week high against the dollar on speculation Japanese companies will repatriate overseas earnings before the end of the fiscal year. Bullish factors included (1) the larger-than-expected increase in Mar U.S. University of Michigan consumer confidence to a 13-month high, which is dollar supportive and (2) dollar positive comments from Richmond Fed President Lacker who said the Fed is "really far" from the need for more stimulus.
• May crude oil prices this morning are down -50 cents a barrel and May gasoline is +0.53 of a cent per gallon. Crude oil and gasoline prices Friday settled mixed as a weaker dollar and better-than-expected U.S. consumer confidence and personal spending boosted crude, but gasoline fell on late-day profit taking and closed lower: CLK12 +$0.24, RBK -3.16. Bullish factors included (1) the slide in the dollar index to a 1-month low, which boosts investment demand for commodities, (2) the larger-than-expected increase in Mar U.S. University of Michigan consumer confidence to a 13-month high, which is positive for fuel demand, and (3) the action by Euro-Zone finance ministers to increase its rescue lending fund to 800 billion euros, which may help stem the European debt crisis and keep economic growth and fuel demand from falling. Bearish factors included (1) the weaker-than-expected Mar Chicago PMI and the unexpected decline in Feb Japan industrial production, which signals reduced energy consumption and (2) Bloomberg data that shows OPEC Mar crude production rose 110,000 barrels a day to 31.22 million barrels a day, the most since Oct 2008.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): PBY-PEP Boys-Manny Moe & Jack (BEST earnings consensus $0.12), DDMG-Digital Domain Media Group (-0.70), LWAY-Lifeway Foods (0.07), FES-Forbes Energy Services Ltd. (0.24).
Global Financial Calendar

Monday 4/2/12
United States
1000 ET	Feb construction spending expected +0.7%, Jan -0.1% m/m.
1000 ET	Mar ISM manufacturing index expected +0.7 to 53.1, Feb -1.7 to 52.4. Mar ISM prices paid sub-index expected +0.8 to 62.3, Feb +6.0 to 61.5.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1235 ET	Cleveland Fed President Sandra Pianalto speaks on ?The Fed and the Economy: Striving for Stability? at an event in Marietta, Ohio.
France
0350 ET	Revised Mar French PMI manufacturing expected no change at 47.6.
Germany
0355 ET	Revised Mar German PMI manufacturing expected no change at 48.1.
United Kingdom
0430 ET	Mar U.K. PMI manufacturing expected -0.5 to 50.7, Feb -0.8 to 51.2.
Euro-Zone
0500 ET	Feb Euro-Zone unemployment rate expected +0.1 to 10.8%, Jan +0.1 to 10.7%.
CHI
2100 ET	Mar China non-manufacturing PMI, Feb -4.5 to 48.4.
Japan
2130 ET	Feb Japan labor cash earnings expected +0.1% y/y, Jan unchanged y/y.

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

Digital Realty - DLR - Barchart Chart of the Day

Barchart.coms Chart of the Day - Digital Realty Trust (DLR)

Barchart Research Team - Barchart.com - Fri Mar 30, 8:57PM CDT

Related Stocks

DLR - Digital Realty Trust

Sym	Last	Chg	Pct
DLR	73.40	-0.57	-0.77%

The "Chart of the Day" is Digital Realty Trust (DLR), which showed up on Friday's Barchart "All Time High" list. Digital Realty on Friday posted a new all-time high of $74.04 and closed up 1.43%. TrendSpotter has been Long since Feb 23 at $70.90. In recent news on the stock, Digital Realty on Feb 17 reported Q4 adjusted funds from operation (FFO) at $1.03 per share, above the consensus of $1.01. Morgan Stanley on Feb 16 initiated coverage on DLR with an Overweight and a target of $76. However, Jefferies on March 15 downgraded DLR to Hold from Buy due to valuation. RBC Capital on Feb 27 downgraded DLR to Sector Perform from Outperform but raised its target to $75 from $71. Digital Realty Trust, with a market cap of $7.8 billion, is a real estate investment trust that owns and manages technology-related real estate.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

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

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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