Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2012-04-08

Thursday, April 12, 2012

3 Low priced stocks I bought

Today I added these 3 stocks to the Barchart Van Meerten Speculative portfolio for positive price momentum: Dover Downs Entertainment (DVD), BlueGreen Corporation (BXG) and Reed's (REED)

Dover Downs Entertainment (DVD)

Barchart technical indicators:

64% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 2.03% in the last month
Relative strength Index 53.75%
Barchart computes a technical support level at 1.45
Recent traded at 1.51 with a 50 day moving average of 1.40

BlueGreen Corporation (BXG)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
17 new highs and up 65.45% in the last month
Relative Strength Index 84.57%
Barchart computes a technical support level at 4.57
Recently traded at 4.97 with a 50 day moving average of 3.65

Reed's (REED)

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 26.97% in the last month
Relative Strength Index 68.81%
Barchart computes a technical support level at 1.86
Recently traded at 1.93 with a 50 day moving average of 1.61

The 3 best NASDAQ 100 stocks

This morning I used Barchart to screen the NASDAQ 100 stocks to find the 3 with the best and most consistent upward price momentum and found Starbucks (SBUX), Priceline.com (PCLN) and Apple (AAPL).

Starbucks (SBUX)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
18 new highs and up 16.02% in the last month
Relative strength Index 77.51%
Barchart computes a technical support level at 56.47
Recently traded at 59.92 with a 50 day moving average of 51.85

Priceline.com (PCLN)

Barchart technical indicators:

56% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 12.40% in the last month
Relative Strength Index 62.99%
Barchart computes a technical support level at 704.51
Recently traded at 735.26 with a 50 day moving average of 644.89

Apple (AAPL)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 13.09% in the last month
Relative Strength Index 66.31%
Barchart computes a technical support level at 615.27
Recently traded at 628.29 with a 50 day moving average of 553.55

Barchart Morning Call 4/12

Barchart Morning Call

Barchart.com - 1 hr 50 mins ago

Overnight Developments

Global stock and commodity prices are trading generally higher today. June E-mini S&Ps are up 6.00 points (+0.44%), although the Euro Stoxx 50 is mildly lower by -0.19%. Bullish factors include supportive comments by Fed and BOJ officials. Federal Reserve Vice Chairman Janet Yellen Wednesday evening said that the outlook warrants the current "highly accommodative policy." She said that housing and the European debt crisis are among the "significant headwinds" that are holding back the U.S. economy. Meanwhile, Bank of Japan Governor Shirakawa said that the BOJ will pursue "powerful easing" to overcome deflation and put the economy on a sustainable growth path. There was some positive news in Europe today. Eurozone Feb industrial production unexpectedly rose by +0.5% m/m, which was stronger than market expectations of -0.2%. European industrial production was down -1.8% y/y. Italy today sold 4.88 billion euros of bonds, which was close to its maximum target of 5 billion euros and was considered a success. Royal Dutch Shell is down 3.8% today after the company found a "light Sheen" of oil between its Mars and Ursa production areas in the Gulf of Mexico and deployed an oil spill vessel.
Asian stocks today closed higher almost across the board: Japan +0.70%, Hong Kong +0.93%, China +2.00%, Taiwan +0.08%, Australia +0.81%, Singapore +1.08%, and India +0.77%. The South Korean stock market today closed -0.54% lower as the market waits for North Korea to launch its long-range rocket and possibly conduct a nuclear test as well.

Overnight U.S. Stock News

June E-mini S&Ps this morning are trading +6.00 points on support from the Yellen comments and the positive Eurozone industrial production data. The U.S. stock market on Wednesday showed a moderate recovery rally: Dow Jones +0.70%, S&P 500 +0.74%, Nasdaq Composite +0.84%. Bullish factors included (1) some relief on the European debt crisis as ECB Executive Board member Benoit Coeure said the ECB could revive its bond purchase program, which caused the 10-year bond yield to drop by 11 bp to 5.85% for Spain and by 16 bp to 5.52% for Italy, (2) news late Tuesday that Alcoa produced a profit of 9 cents versus the consensus for a 5-cent loss, (3) some positive economic news out of Japan (Feb machinery orders +4.8% versus the consensus of -0.8%) and China (March passenger-car sales rose +4.5%, which was stronger than the market consensus of +3.9%.), and (4) the Fed's Beige Book report that said that the U.S. economy grew at a "modest to moderate" pace in March. Bearish factors include (1) continued worries about whether U.S. economic growth is slowing based on last Friday's March payroll report of +120,000, (2) nervousness about North Korea's launch of a long-range rocket which could occur as early as today, and (3) nervousness about China's Q1 GDP report (released Thursday evening at 10 PM ET), which is expected to ease to +8.4% from +8.9% in Q4.

Today's Market Focus

June 10-year T-notes this morning are trading -1.5 ticks due to the higher trade in E-mini S&Ps. T-note prices on Wednesday closed mildly lower: TYM2 -8.5, FVM2 -3.25. T-notes fell back on Wednesday on reduced safe-haven demand with the upward rebound in stocks and with the decline in Spanish and Italian bond yields due to the ECB's implicit threat to start buying Spanish bonds again.
The dollar index this morning is trading down -0.229 points. USD/JPY is up -0.10 yen and EUR/USD is up 0.0028. The dollar is trading lower this morning on the higher trade in E-mini S&Ps and the successful Italian bond auction. The dollar index on Wednesday closed slightly lower: Dollar Index -0.096, USD/JPY +0.186, EUR/USD -0.00227. The dollar fell back on reduced safe-haven demand with the rebound in stocks and the ability of the ECB to cap the recent surge in Spanish and Italian bond yields with the comments from ECB Executive Board member Benoit Coeure.
May crude oil prices this morning are trading +0.48 cents a barrel and May gasoline is +0.03 cents per gallon. Energy prices continue to rally on short-covering and the improvement in stock prices. OPEC in its monthly report said today that, "The oil market is well-supplied. High prices cannot be justified by the current market fundamentals. Instead it is more them impact of geopolitical factors and a perceived shortage of oil, rather than the evidence of any actual or impending shortfall, that is keeping prices high." OPEC forecasts increasing production from non-OPEC members such as Russia and Canada. Crude oil prices on Wednesday rebounded moderately higher after the recent losses: CLK12 +1.68, RBK2 +0.0459. Bullish factors on Wednesday included (1) the upward rebound in stocks, (2) the Fed's Beige Book report saying that U.S. economic growth in March was "modest to moderate," and (3) doubts whether any progress will be made in the talks with Iran on Saturday about its nuclear program. Yesterday's weekly DOE report was bearish for crude oil but bullish for products. Crude oil inventories rose by another 2.8 million bbls, bringing the combined 3-week surge to 19 million bbl or 7.4%. Crude oil inventories are now 5.6% above their 5-year seasonal average, the highest since last September. Meanwhile, gasoline inventories fell by 4.3 million bbl for the fifth consecutive weekly decline. Gasoline inventories are now only 1.8% above their 5-year seasonal average. Distillate inventories fell by 4.0 million bbl and are now 0.5% below their 5-year seasonal average.

Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): GOOG-Google (consensus $9.63), FAST-Fastenal (0.34), JBHT-JB Hunt (0.52), CBSH-Commerce Bankshares (0.67), RAD-Rite Aid (-0.14).
Global Financial Calendar

Thursday 4/12/12
United States
0715 ET	New York Fed President William Dudley speaks on regional and national economic conditions before the Center for Economic Development in Syracuse, NY.
0830 ET	Weekly initial unemployment claims expected -2,000 to 355,000, previous -6,000 to 357,000. Weekly continuing claims expected -3,000 to 3.335 million, previous -16,000 to 3.338 million.
0830 ET	Feb trade balance expected -$51.8 billion, Jan -$52.6 billion.
0830 ET	Mar PPI expected +0.3% m/m and +3.1% y/y, Feb +0.4% m/m and +3.3% y/y. Mar PPI ex food & energy expected +0.2% m/m and +2.8% y/y, Feb +0.2% m/m and +3.0% y/y.
0830 ET	USDA weekly export sales.
1030 ET	DOE natural gas storage
1100 ET	Treasury announces amount of 5-year TIPS (previous $12 billion) to be auctioned on Apr 19.
1300 ET	Treasury auctions $13 billion 30-year T-bonds.
1230 ET	Philadelphia Fed President Charles Plosser speaks on the economic outlook to the National Economists Club.
1300 ET	Minneapolis Fed President Narayana Kocherlakota speaks to the White Bear Lake Area Chamber of Commerce.
1530 ET	Fed Governor Sarah Bloom Raskin speaks on ?The State of he Economy? at the San Francisco Fed business and community leaders luncheon in Los Angeles.
1630 ET	Weekly money supply report and Fed balance sheet.
n/a	S&P 500 earnings: GOOG-Google ($9.64), FAST-Fastenal ($0.34).
France
0130 ET	Mar French CPI (EU harmonized) expected +0.7% m/m and +2.3% y/y, Feb +0.5% m/m and +2.5% y/y.
Euro-Zone
0400 ET	ECB publishes its monthly report for April.
0500 ET	Feb Euro-Zone industrial production expected -0.3% m/m and -1.8% y/y, Jan +0.2% m/m and -1.5% y/y.
0700 ET	ECB Executive Board member Joerg Asmussen speaks in Dublin at the Institute of International and European Affairs.
0900 ET	ECB Executive Board member Peter Praet speaks at the Minsky Conference in New York.
Canada
0830 ET	Feb Canada new housing price index expected +0.2% m/m, Jan +0.1% m/m and +2.4% y/y.
CHI
2200 ET	Mar China industrial production expected +11.5% y/y, Feb +21.3% y/y.
2200 ET	Q1 China GDP expected +1.9% q/q and +8.4% y/y, Q4 +2.0% q/q and +8.9% y/y.
2200 ET	Mar China retail sales expected +15.0% y/y, Feb +18.1% y/y.

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

Verisk Analytics (VRSK) Barchart Chart of the Day

Barchart.com's Chart of the Day - Verisk Analytics (VRSK)

Barchart Research Team - Barchart.com - Wed Apr 11, 5:35PM CDT

Related Stocks

VRSK - Verisk Analytics

Sym	Last	Chg	Pct
VRSK	47.77	-0.14	-0.29%

The "Chart of the Day" is Verisk Analytics (VRSK), which showed up on Wednesday's Barchart "All-Time High" list. Verisk on Wednesday posted a new all-time high of $47.96 and closed 3.39% higher. TrendSpotter has been Long since Jan 11 at $40.23. In recent news on the stock, Brigantine on March 23 initiated research coverage on Verisk with a Buy and a target of $51. UBS on March 7 initiated coverage with a Netural and a target of $44. Verisk on March 23 announced an agreement to acquire MediConnect Global for $349 million. Verisk Analytics, with a market cap of $7.7 billion, is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources.

vrsk_700_02

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

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

Barchart links for further information:

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Technicals Summary
Trader's Cheat Sheet™

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Company Info
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Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

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

Wednesday, April 11, 2012

3 Small Cap S&P 600 stocks still moving up

This morning I used Barchart to screen the Small Cap S&P 600 stocks to find 3 that still have upward momentum and found Central Garden & Pet (CENTA), Myers Industries (MYE) and Hibbett Sports (HIBB)

Central Garden & Pet (CENTA)

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 10.65% in the last month
Relative Strength Index 66.90%
Barchart computes a technical support level at 9.93
Recently traded at 10.08 with a 50 day moving average of 9.47

Myers Industries (MYE)

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 16.76% in the last month
Relative Strength Index 75.91
Barchart computes a technical support level at 15.69
Recently traded at 16.16 with a 50 day moving average of 14.02

Hibbett Sports (HIBB)

Barchart technical indicators:

16% Barchart technical buy signal
Trend Spotter buy signal
Above its 50 and 100 day moving averages
13 new highs and up 4.45% in the last month
Relative strength Index 52.79%
Barchart computes a technical support level at 52.81
Recently traded at 53.75 with a 50 day moving average of 51.30

Barchart Morning Call 4/11

Barchart Morning Call

Barchart.com - 58 mins ago

Overnight Developments

European stock and commodity prices this morning are generally trading higher on a rebound after several days of sharp losses. June E-mini S&Ps are trading up 10.40 points and the Euro Stoxx 50 is up 0.62%. Bullish factors include Alcoa's surprise profit reported after yesterday's close, positive economic reports from China and Japan, and an ECB hint that it might start buying Spanish debt. Alcoa is up 6% in European trading on its report of a 9-cent profit versus the consensus for a 5-cent loss. On the negative side, Tsunami alerts were issued today after a large 8.6-magnitude earthquake hit 268 miles off the coast of Indonesia's Aceh province. Tremors were felt as far away as Singapore and India. Indonesia's Jakarta Composite index fell by about 0.5% on the close and Thailand's SET Index fell 1%. There were no initial reports of any major damage.
The euro rallied about one-quarter cent this morning when ECB Executive Board member Benoit Coeure said that the ECB has the capacity to start buying Spanish bonds through its bond purchase program. The ECB has not purchased any bonds through that program for the past month. The 10-year Spanish bond yield fell by 14 bp this morning to 5.84% and the Italian yield is down by 19 bp at 5.49%. Germany today received bids for 4.11 billion euros of 10-year bonds at the auction, which was less than its target of 5 billion euros. The bonds were sold at a record low yield of 1.77%. Italy was able to sell 8 billion euros of 1-year bills today, which was its target. The Italian bill auction produced an average yield of 2.84%, which was far higher than 1.405% at the previous 1-year bill auction that was held just a month ago.
Asian stocks today closed mostly lower on carry-over weakness from Tuesday's sharp sell-off in U.S. stocks: Japan -0.83%, Hong Kong -1.06%, China +0.01%, Taiwan +0.21%, Australia -1.07%, Singapore -1.21%, India -0.26%. China's March passenger-car sales rose +4.5%, which was stronger than the market consensus of +3.9%. The rebound was a positive sign after weak auto sales in January and February caused concern about weaker Chinese consumer spending. Japan's Feb machinery orders rose +4.8%, which was stronger than the market consensus of -0.8%.

Overnight U.S. Stock News

June S&Ps this morning are trading 10.40 points higher on Alcoa's profit, the decline in Spanish and Italian bond yields, and positive economic reports from China and Japan. The U.S. stock market on Tuesday sold-off sharply: Dow Jones -1.65%, S&P 500 -1.71%, Nasdaq Composite -1.83%. Bearish factors included (1) technical long liquidation pressure after this year's Q1 rally, (2) continued downward pressure from last Friday's weak U.S. March payroll report of +120,000, (3) Tuesday's continued climb in Spanish and Italian bond yields, and (4) reports that North Korea is near completion on getting its long-range rocket ready to launch as early as Thursday.

Today's Market Focus

June 10-year T-notes this morning are trading -8 ticks on reduced safe-haven demand with the upward rebound in S&Ps and this morning's decline in Spanish and Italian bond yields. T-note prices on Tuesday closed moderately higher: TYM2 +14, FVM2 +7.5, EDU2 +0.5. T-note prices extended the rally that began last Friday after the weaker-than-expected March payroll report of +120,000. T-note prices received a continued boost on Tuesday from safe-haven demand with the continued sell-off in stocks and with concern continuing to rise about Spain and the European debt crisis.
The dollar index this morning is trading -0.32 points, USD/JPY is +0.20 yen and EUR/USD is -0.0060. The dollar is seeing some reduced safe-haven demand with the upward rebound in stocks and lower Spanish/Italian bond yields. The dollar index on Tuesday closed slightly higher: Dollar Index +0.138, USD/JPY -0.754, EUR/USD -0.00293. The dollar index saw a little strength yesterday from safe-haven demand with the sharp sell-off in stocks. However, the dollar sold off sharply against the yen due to post a new 1-month low. Bearish factors for USD/JPY included techical selling and yen strength after the Bank of Japan at its policy meeting that ended on Tuesday left policy unchanged and did not boost its asset purchase program.
May crude oil prices this morning are trading +0.56 cents a barrel and May gasoline is -0.14 cents per gallon. Crude oil prices this morning are seeing some carry-over strength from higher U.S. and European stocks, but the market is cautious going into today's weekly DOE inventory report. Crude oil prices on TUesday sold-off fairly with May crude oil edging to a new 2-month low and May gasoline edging to a new 5-week low: CLK12 -$1.17, RBK2 -0.0469. Bearish factors for crude oil on Tuesday included (1) the downshift in the economic outlook after last Friday's weak U.S. payroll report, (2) weakness in stocks, which helped cause general weakness in commodity prices, (3) the slightly higher close in the dollar index, and (4) expectations for a bearish DOE report today with an expected 2 million barrel increase in crude oil inventories to a new 22-year high.

Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): ADTN-Adtran (consensus $0.27), Titan Machinery ($0.53).
Global Financial Calendar

Wednesday 4/11/12
United States
0700 ET	Weekly MBA mortgage applications, previous +4.8% with purchase mortgage sub-index +7.2% and refinancing sub-index +4.0%.
0730 ET	Atlanta Fed President Dennis Lockhart will discuss the economy with reporters attending the Atlanta Fed?s financial market conference in Stone Mountain, GA.
0830 ET	Mar import price index expected +0.9% m/m and +3.5% y/y, Feb +0.4% m/m and +5.5% y/y.
0930 ET	Kansas City Fed President Esther George speaks at the Minsky Conference entitled ?Debt, Deficits and Financial Instability.?
1030 ET	Boston Fed President Eric Rosengren speaks on a panel at the Atlanta Fed conference on ?Money Market Funds: Past Devils? Reformed into Future Angels??
1030 ET	DOE Weekly Petroleum Status Report
1300 ET	Treasury auctions $21 billion 10-year T-notes.
1400 ET	Fed?s Beige Book.
1400 ET	Mar monthly budget statement expected -$203.0 billion, Feb -$231.683 billion.
1700 ET	St. Louis Fed President James Bullard delivers opening remarks at the Homer Jones Memorial Lecture at the St. Louis Fed.
1730 ET	Fed Vice Chairman Janet Yellen speaks to the Money Marketeers of NYU on ?The Economic Outlook and Monetary Policy.?
Canada
0815 ET	Mar Canada housing starts expected +202,000, Feb +201,100.
Japan
1950 ET	Mar Japan domestic CGPI expected +0.4% m/m and +0.4% y/y, Feb +0.2% m/m and +0.6% y/y.

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

Atlas Energy - ATLS - Barchart Chart of the Day

Barchart.coms Chart of the Day - Atlas Energy (ATLS)

Barchart Research Team - Barchart.com - Tue Apr 10, 6:31PM CDT

Related Stocks

ATLS - Atlas Energy Llc

Sym	Last	Chg	Pct
ATLS	35.99	+0.45	+1.27%

The "Chart of the Day" is Atlas Energy (ATLS), which showed up on Tuesday's Barchart "52-Week High" list. Atlas Energy on Tuesday posted a new 4-year high of $37.19 and closed up 1.27%. TrendSpotter has been Long since Feb 27 at $26.94. In recent news on the stock, Atlas Energy on March 14 completed the distribution of Atlas Resource Partners to unitholders. Atlas Energy, with a market cap of $1.8 billion, owns and operates natural gas processing plants and natural gas gathering pipelines.

atls_700

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

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

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

Tuesday, April 10, 2012

3 Mid Cap S&P 400 stocks still moving up

Today I used Barchart to screen the Mid Cap S&P 400 stocks to find 3 that still have some positive momentum and found Corrections Corporation (CXW), Cooper Companies (COO) and Alexander & Baldwin (ALEX)

Correction Corporation (CXW)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 9.66% in the last month
Relative Strength Index 68.84%
Barchart computes a technical support level at 27.84
Recently traded at 28.22 with a 50 day moving average of 25.30

Cooper Companies (COO)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
4 new highs and up .71% in the last month
Relative Strength Index 75.77%
Barchart computes a technical support level at 81.83
Recently traded at 82.50 with a 50 day moving average of 78.52

Alexander & Baldwin (ALEX)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 4.74% in the last month
Relative Strength Index 60.94%
Barchart computes a technical support level at 47.43
Recently traded at 48.60 with a 50 day moving average of 46.90

Barchart Morning Call 4/10

Barchart Morning Call

Barchart.com - Tue Apr 10, 7:00AM CDT

Overnight Developments

Global stocks this morning are trading mixed. June E-mini S&Ps are trading slightly lower by -2.00 points. However, the Euro Stoxx 50 is down 0.89% as the European markets reopen after holidays on Friday and Monday and get their first chance to react to last Friday's weak U.S. March payroll report of +120,000. Stocks are lower as Spanish 10-year bond yields today rose by another 10 bp to 5.86% as the market worries about Spain's fiscal and economic situation. The 10-year Italian yield today rose by 6 bp to 5.50%. Spanish Prime Minister Rajoy met with his health and education ministers on Monday to discuss another 10 billion euros of spending cuts. Spain needs to pass its budget for this year that brings the deficit down to 5.3% of GDP from about 8% last year and then Spain needs to meet its promise to cut its budget deficit to 3% for next year. In some good news for Europe, Germany's trade report today showed that imports rose by 3.9% and that exports rose by 1.6%, which were both stronger than expectations of +1.3% and -1.2%, respectively. Germany's trade surplus was 14.7 billion euros, wider than expectations of 12.0 billion. The French March business sentiment index from the Bank of France was unchanged at 95, which was 1 point weaker than market expectations of 96. French Feb industrial production was reported at +0.3% m/m, which was in line with market expectations, although the year-on-year figure of -1.9% was weaker than market expectations of -1.2%.
Asian stocks today closed mixed: Japan -0.09%, Hong Kong -1.15% (after Monday's holiday), China +0.99%, Taiwan +0.52%, Australia -0.64%, Singapore +0.75%, South Korea -0.19%, India +0.13%. Asian stock markets that were open on Monday and already reacted to last Friday's weak U.S. payroll report generally closed higher today, except for South Korea's stock market, which closed lower by -0.19% as the market worries about North Korea's move to launch a rocket later this week and possibly test a nuclear weapon as well. The Bank of Japan at its meeting today left its policy unchanged, which was in line with market expectations. China's March trade report showed that imports rose +5.3%, which was a smaller increase than expectations of +9% and suggested weak domestic demand.

Overnight U.S. Stock News

June S&Ps this morning are trading .... The U.S. stock market on Monday sold off fairly sharply due to last Friday?s weaker-than-expected March payroll report of +120,000 (versus expectations of +205,00): Dow Jones -1.00%, S&P 500 -1.14%, Nasdaq Composite -1.08%. The European stock markets were closed on Monday for Easter Monday, which lightened U.S. trading volume. Other bearish factors on Monday included (1) carry-over concerns about last week's flare-up in the European debt crisis, (2) South Korea's assertion that North Korea may soon test a nuclear weapon in addition to its intended launch of a rocket between this Thursday and next Monday, and (3) China's report that its March CPI rose +3.6% y/y, which was up from +3.2% in Feb and was stronger than expectations of +3.4% and reduced the flexibility of China's central bank to ease monetary policy to combat the slower economy. A bullish factor was Iran's final agreement to talks starting Saturday, which helped bring down crude oil prices.

Today's Market Focus

June 10-year T-notes this morning are trading -2 ticks on some long liquidation pressure after the sharp 2-session rally. T-note prices on Monday extended last Friday's rally on the payroll report and closed higher: TYM2 +3, FVM2 -0.25, EDU2 +0.005. T-note prices on Monday were also boosted by safe-haven demand with weaker global stocks and news that North Korea may soon test a nuclear weapon in addition to launching a long-range rocket.
The dollar index this morning is trading _0.119 points. USD/JPY is up 0.51 yen and EUR/USD is unchanged. The Swiss franc is little changed this morning after it strengthened on Monday through the Swiss central bank's cap, which was only the second time the cap has been breached since it was imposed on September 6, 2011. The Swiss National Bank said today that it engaged in some "isolation" intervention to enforce the cap. The dollar index on Monday closed mildly lower in continued reaction to last Friday's weak U.S. payroll report: Dollar Index -0.153, USD/JPY -0.03, EUR/USD +0.0022. The payroll report undercut U.S. interest differentials and encouraged market speculation that QE3 may be back on the table. The European markets were closed on Monday for Easter Monday, which substantially undercut trading volume in the FX market.
May crude oil prices this morning are trading down 0.41 cents a barrel and May gasoline is down 0.98 cents per gallon. Crude oil prices are lower today at the market looks forward to Wednesday's weekly DOE report, which is expected to add another 2 million barrels to the surge to crude oil inventories seen in the past two weeks and reach a 22-year high. Crude oil prices on Monday fell moderately due to last Friday's weak U.S. March payroll report: CLK12 -$0.85, RBK2 -$0.0438. Crude oil prices were also pressured yesterday by Iran's final agreement to nuclear talks starting Saturday in Istanbul. Iran had been waffling on the location and timing of the talks, which made it appear that Iran is not serious about any compromise and is simply stalling for time. Israel?s defense minister called on Iran to stop enriching uranium up to 20%, give up any uranium material already enriched to 20%, and close the Fordo underground enrichment facility near Qom. While talks are ongoing with Iran, Israel has little choice but to stand aside and wait for the outcome before it can reasonably launch a military attack.

Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): none.
Global Financial Calendar

Tuesday 4/10/12
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET	Monthly USDA crop production and WASDE reports. 2011-12 U.S. ending stocks expected 717 million bushels for corn (last USDA estimate was 801 million), 246 million bushels for soybeans (last 275 million), 796 million bushels for wheat (last 865 million).
0855 ET	Redbook weekly retailer sales.
1000 ET	Apr IBD/TIPP economic optimism, Mar -1.9 to 47.5.
1000 ET	Feb wholesale inventories expected +0.5%, Jan +0.4%.
1130 ET	Weekly 4-week T-bill auction.
1230 ET	Dallas Fed President Richard Fisher speaks at the University of Oklahoma on the economy and the Dallas Fed?s views on too-big-to-fail banks.
1245 ET	Atlanta Fed President Dennis Lockhart delivers opening remarks at the Atlanta Fed conference on ?Financial Reform: The Devil?s in the Details.?
1300 ET	Treasury auctions $32 billion 3-year T-notes.
1430 ET	Minneapolis Fed President Kocherlakota speaks at an event in Nicollet, MN.
1630 ET	API weekly U.S. oil statistics.
n/a	S&P 500 Earnings: AA-Alcoa (consensus -$0.05), SVU-Supervalu ($0.35).
Germany
0200 ET	Feb German trade balance expected +12.0 billion euros, Jan +13.1 billion euros. Feb exports expected -1.2%, Jan +2.4%. Feb imports expected +1.3%, Jan +2.4%.
Japan
0200 ET	Mar Japan machine tool orders, Feb -8.6% y/y.
1950 ET	Feb Japan machine orders expected -0.8% m/m and +3.0% y/y, Jan +3.4% m/m and +5.7% y/y.
n/a	BOJ announces interest rate decision (expected no change to the 0.00% to 0.10% benchmark rate).
France
0230 ET	Mar Bank of France business sentiment expected +1 to 96. Feb -1 to 95.
0245 ET	Feb France industrial production expected +0.3% m/m and -1.4% y/y, Jan +0.3% m/m and -1.5% y/y.
0245 ET	Feb France manufacturing production expected unchanged m/m and -1.7% y/y, Jan +0.2% m/m and -1.2% y/y.
Euro-Zone
0430 ET	Apr Euro-Zone Sentix investor confidence expected -0.9 to -9.1, Mar +3.3 to -8.2.
1130 ET	ECB Council member Ewald Nowotny speaks on a panel at the Agenda Austria 2020 conference in Vienna.
United Kingdom
0430 ET	Feb U.K. DCLG house prices, Jan +0.2% y/y.
CHI
n/a	Mar China trade balance expected -$3.15 billion, Feb -$31.48 billion. Mar exports expected +7.0% y/y, Feb +18.4% y/y. Mar imports expected +9.0% y/y, Feb +39.6% y/y.

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

Las Vegas Sands - LVS - Barchart Chart of the dAY

Barchart.coms Chart of the Day - Las Vegas Sands (LVS)

Barchart Research Team - Barchart.com - Mon Apr 09, 10:37PM CDT

Related Stocks

LVS - Las Vegas Sands

Sym	Last	Chg	Pct
LVS	58.76	-1.86	-3.07%

The "Chart of the Day" is Las Vegas Sands (LVS), which showed up on Monday's Barchart "52-Week High" list. LVS on Monday posted a new 3-2/3 year high of $60.85 and closed up 3.17%. TrendSpotter has been Long since March 13 at $56.16. In recent news on the stock, Bloomberg reported on March 29 that Sands China will open its fourth Macao casino next month. Lazard on March 27 reiterated its Buy rating on Las Vegas Sands and raised its target to $70 from $58. Las Vegas Sands (LVS), with a market cap of $42 billion, is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People's Republic of China's Special Administrative Region of Macao.

lvs_700

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

Chart of the Day Archive
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Monday, April 9, 2012

Mahanagar Telephone Nigam - MTE - sell signals

Today I deleted Mahanagar Telephone Nigam (MTE) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

64% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
Down 22.90% in the last month
Down 58.44% from its 1 year high
Relative Strength Index 40.67%
Recently traded at 1.01 which is below its 50 day moving average of 1.16

Leap Wireless International - LEAP - sell signals

Today I deleted Leap Wireless International (LEAP) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

72% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
Down 10.86% in the last month
53.62% off its 1 year high
Relative Strength Index 32.09%
Recenlty traded at 8.20 which is below its 50 day moving average of 9.49

Provident New York Bancorp - PBNY - sell signals

Today I deleted Provident New York Bancorp - (PBNY) - from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

48% Barchart technical sell signal
Trend Spotter sell signal
Below its 20 and 50 day moving averages
Down 10.36% in the last 1 month
Down 19.43% form its 1 year high
Relative Strength Index 38.98%
Recently traded at 7.96 which is below its 50 day moving average of 8.58

Netlist - NLST - sell signals

Today I deleted Netlist (NLST) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

72% Barchart technical sell signal
Trend spotter sell signal
Below its 20, 50 and 100 day moving averages
Down 17.73% in the last month
Down 27.24% from its 1 year high
Relative Strength Index 34.04%
Recently traded at 3.08 which is below its 50 day moving average of 3.54

Chimera Investment Corp - CIM - deleted

Today I deleted Chimera Investment Corp (CIM) from the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

64% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving average
Off 12.34% in the last quarter
Off 31.94% from its 1 year highs
Relative Strength Index 33.68%
Recenlty traded at 2.77 which is below its 50 day moving average of 2.97

5 Great Large-Cap S&P 500 still moving up

In this soft market you can still find some Large Cap S&P 500 stocks that are still moving up by using Barchart to screen all the stocks in the S&P 500 Index. This morning I did that and found Simon Property Group (SPG), Ball Corp (BLL), Apple (AAPL), Mead Johnson Nutrition (MJN) and Airgas (ARG)

Simon Property Group (SPG)

Barchart technical indicators:

48% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 5.67% in the last month
Relative Strength Index 57.67%
Barchart computes a technical support level at 143.95
Recently traded at 144.09 with a 50 day moving average of 139.62

Ball Corp (BLL)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 8.61% in the last month
Relative Strength Index 71.60%
Barchart computes a technical support level at 43.15
Recently traded at 43.13 with a 50 day moving average of 40.63

Apple (AAPL)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
12 new highs and up 16.85% in the last month
Relative Strength Index 75.06%
Barchart computes a technical support level at 619.32
Recently traded at 635.72 with a 50 day moving average of 543.13

Mead Johnson Nutrition (MJN)

Barchart technical indicators:

72% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 4.70% in the last month
Relative Strength Index 62.79%
Barchart computes a technical support level at 82.76
Recently Traded at 83.18 with a 50 day moving average of 78.61

Airgas (ARG)

Barchart technical indicators:

72% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 6.88% in the last month
Relative Strength Index 61.91%
Barchart computes a technical support level at 88.76%
Recently traded at 88.75 with a 50 day moving average of 83.64

Barchart Morning Call 4/9

Barchart Morning Call

Barchart.com - Mon Apr 09, 7:00AM CDT

Overnight Developments

Global stocks this morning are trading lower due to last Friday's weaker-than-expected March payroll report of +120,000, which was well below the consensus of +205,000. June E-mini S&Ps this morning are trading down 15.00 points (-1.1%), which was roughly where the contract closed last Friday morning after the abbreviated morning session. The European markets are closed today for Easter Monday.
Asian stocks today closed lower across the board by about 1% on average, in line with last Friday's loss in E-mini S&Ps. Asian stocks at least did not leap-frog the U.S. market lower. Asian closes: Japan -1.47%, China -0.98%, Taiwan -1.37%, Singapore -0.87%, South Korea -1.51%, India -1.51%, and Karachi -0.14%. The markets in Hong Kong and Australia today were closed for the holiday. China's March CPI was reported at +3.6% y/y, up from +3.2% in February and stronger than the market consensus of +3.4%. The report will give the Chinese central bank less flexibility to ease in response to the slowing economy. China's Q1 GDP report on Thursday is expected to show that Chinese economic growth eased to +8.4% y/y from +8.9% y/y in Q4. The CPI report helpd push Chinese stocks today down -0.98%.
Talks with Iran on its nuclear program for later this week were confirmed on Sunday by the European Union spokesman. The 2-day talks will begin on Saturday (April 14) in Istanbul. Iran had been waffling about where the talks would take place, but the date and location have now been confirmed. North Korea now appears to be preparing for a nuclear test to follow its intended launch within the next week of a long-range rocket. North Korea has said it would launch the rocket sometime between this Thursday and next Monday (April 12-16).

Overnight U.S. Stock News

June S&Ps this morning are trading down 15.60 (-1.12%) at 1374.60, which is close to where futures closed last Friday morning after the bearish March payroll report. The U.S. stock market Friday was closed for Good Friday, although stock index futures sold-off sharply during the abbreviated Globex session after the smaller-than-expected increase in Mar U.S. non-farm payrolls. These closes reflect last Thursday's session: Dow Jones -0.11%, S&P 500 -0.06%, Nasdaq Composite +0.40%. Bearish factors Friday included (1) the smaller-than-expected increase in Mar U.S. non-farm payrolls which rose at the slowest pace in 5 months (+120,000 versus expectations of +205,000) and (2) concerns about the banking system in Italy after data from the Bank of Italy showed Italian banks borrowed a record 270 billion euros from the ECB in March, which shows they had difficulty funding themselves through the interbank markets and had to rely on the ECB for their funding needs.
Bullish factors Friday included (1) the unexpected decline in the Mar U.S. unemployment rate to a 3-year low (-0.1 to 8.2% versus expectations of unchanged at 8.3%) and (2) the larger-than-expected increase in Mar U.S. manufacturing payrolls (+37,000 versus expectations of +20,000).

Today's Market Focus

June 10-year T-notes this morning are trading -0.5 tick. T-note prices Friday posted a 3-1/2 week high as they rallied throughout the abbreviated holiday session and settled sharply higher after the smaller-than-expected increase in Mar U.S. non-farm payrolls renewed speculation the Fed may need to provide additional monetary stimulus to sustain the economic recovery: TYM2 +1-2.5/32, FVM2 +15.0, EDU2 -1.0. The 10-year T-note yield fell to a 3-1/2 week low of 2.039%. Bullish factors Friday included (1) the smaller-than-expected increase in Mar U.S. non-farm payrolls which rose at the slowest pace in 5 months (+120,000 versus expectations of +205,000) and (2) increased safe-haven demand for Treasuries on concern the European sovereign-debt crisis may worsen after data from the Bank of Italy showed Italian banks borrowed a record 270 billion euros from the ECB in March, which shows they had difficulty funding themselves through the interbank markets and had to rely on the ECB for their funding needs. Bearish factors included (1) the unexpected decline in the Mar U.S. unemployment rate to a 3-year low (-0.1 to 8.2% versus expectations of unchanged at 8.3%) and (2) the larger-than-expected increase in Mar U.S. manufacturing payrolls (+37,000 versus expectations of +20,000).
The dollar index this morning is trading slightly higher by +0.012 at 79.898. USD/JPY is down 0.31 yen at 81.33 and EUR/USD is down -0.03 at 1.3074. The dollar index Friday settled lower on concern the Fed may increase monetary stimulus after Mar U.S. non-farm payrolls rose less than expected: Dollar Index -0.190, USD/JPY -0.778, EUR/USD +0.00300. Bearish factors included (1) the smaller-than-expected increase in Mar U.S. non-farm payrolls, which fueled speculation the Fed may implement QE3, which would be dollar negative and (2) strength in the yen which rallied to a 1-month high against the dollar after the Feb Japan coincident index CI rose more than expected to its best level in a year (+1.0 to 93.7) and the Feb Japan leading business cycle index rose at its fastest pace in 4-years (+2.1 to 96.6). Bullish factors included (1) increased safe-haven demand after U.S. stock futures plunged on the weaker-than-expected Mar U.S. non-farm payrolls and (2) increased safe-haven demand for the dollar on concern the European debt crisis may worsen after data from the Bank of Italy showed total borrowing by Italian banks from the ECB surged +40% m/m in March to a record 270 billion euros, which shows that Italian banks must rely on the ECB for their funding needs as they continue to face difficulty in accessing the interbank markets.
May crude oil prices this morning are down $1.49 a barrel and May gasoline is down 3.25 cents per gallon. Crude oil futures are reacting for the first time to last Friday's weak March payroll report since the market was closed last Friday. Crude oil and gasoline prices last Thursday settled higher on signs of economic strength after U.S. jobless claims fell to a nearly 4-year low: CLK12 +$1.84, RBK +0.69. Bullish factors included (1) the larger-than-expected decline in weekly U.S. initial unemployment claims to a nearly 4-year low, which raises hopes that fuel demand will increase as the economy improves and (2) speculation that Friday's Mar non-farm payrolls may be stronger than expected, which would signal a stronger economy that is supportive for fuel demand, after Mar Canadian employment rose by 7 times the amount expected and the unemployment rate matched a 3-year low. Bearish factors included (1) the rally in the dollar index to a 3-week high, which reduces investment demand in commodities, (2) the larger-than-expected decline in Feb German industrial production, which signals reduced energy consumption, and (3) concern the European debt crisis will worsen and slow global growth and fuel demand after the yield spread between Spanish and German 10-year maturities reached 400 bp for the first time since Dec 12.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): CIM-Chimera Investment (BEST earnings consensus $0.10), RGS-Regis (0.25), GBX-Greenbrier (0.46), DMND-Diamond Foods (0.71), ZEP-Zep Inc. (0.09).
Global Financial Calendar

Monday 4/9/12
United States
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1800 ET	Fed Chairman Ben Bernanke delivers the keynote speech at the Atlanta Fed conference on ?Financial Reform: The Devil?s in the Details.?
Japan
0030 ET	Mar Japan bankruptcies, Feb +5.2% y/y.
0100 ET	Mar Japan eco watchers survey current expected 46.5, Feb 45.9. Mar eco watchers survey outlook, Feb 50.1.
Canada
1030 ET	Q1 Canada business outlook future sales, Q4 -4.00.
United Kingdom
n/a	U.K. markets closed for Easter Monday.
1901 ET	Mar U.K. RICS house price balance expected -12%, Feb -13%.
Germany
n/a	German markets closed for Easter Monday.
France
n/a	French markets closed for Easter Monday.
Euro-Zone
n/a	Euro-Zone markets closed for Easter Monday.

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

Visa (V) Barchart Chart of the Day

Barchart.coms Chart of the Day - Visa (V)

Barchart Research Team - Barchart.com - Sun Apr 08, 11:21PM CDT

Related Stocks

V - Visa Inc.

Sym	Last	Chg	Pct
V	119.18	-1.83	-1.51%

The "Chart of the Day" is Visa (V), which showed up on Thursday's Barchart "All Time High" list. Visa on Thursday posted a new all-time high of $121.15 and closed up 1.71%. TrendSpotter has been Long since Feb 2 at $106.06. Visa was last featured on Chart of the Day with the Feb 2 close at $106.06. In recent news on the stock, Bank of America/Merrill Lynch on March 12 reiterated its buy rating and raised its target to $130 from $115 due to strong earnings growth and the improved economic environment. Visa, with a market cap of $96 billion, operates the world's largest retail electronic payments network.

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: 67% Buy
Overall Average 96% Buy

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