Friday, June 8, 2012

Buy Signals: WTR,RGLD,SNTA

This week I added Aqua America (WTR), Royal Gold (RGLD) and Synta Pharmaceuticals (SNTA) to the Barchart Van Meerten New High portfolio

Aqua America (WTR)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
13 new highs and up 5.69% in the last month
Relative Strength Index 62.69%
Barchart computes a technical support level at 23.87
Recently traded at 23.76 with a 50 day moving average of 22.55

Royal Gold (RGLD)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its a20, 50 and 100 day moving averages
15 new highs and up 33.11% in the last month
Relative Strength Index 75.44%
Barchart computes a technical support level at 5.37
Recently traded at 5.69 with a 50 day moving average of 4.27

Synta Pharmaceuticals (SNTA)

Barchart technical indicators:

72% Barchart technical by signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 49.68% in the last month
Relative Strength Index 72.23%
Barchart computes a technical support level at 5.37
Recently traded at 5.69 with a 50 day moving average of 4.27

Barchart's Morning Call 6/8

Barchart Morning Call

BC - 2 hrs 8 mins ago

Overnight Developments

E-mini S&Ps this morning are down -7.75 points after Spain's credit rating was cut three steps by Fitch Ratings and after German exports declined for the first time this year. Commodity prices are weaker with crude oil down over $2 a barrel (-2.91%) and metals and agricultural prices lower. T-notes are up +22.5 ticks on a flight to safety after Spain's credit rating was cut. The dollar index is up sharply (+0.86%) as the euro tumbled (-0.82%) when German exports fell more than expected and after Spain's credit rating was cut.
The Euro Stoxx 50 is down -0.62% after German exports fell more than forecast and Fitch Ratings cut Spain's credit Rating. The Asian stock markets today closed mostly lower on concern global central banks are not doing enough to fuel global growth after Fed Chairman Bernanke refrained from discussing any further Fed stimulus measures. Japan
Fitch Ratings downgraded Spain's credit rating three levels to BBB, two steps off of non-investment grade, saying the cost of shoring up Spain's banks may be as much as 100 billion euros, compared with its previous estimate of 30 billion euros.
The German Apr trade balance widened to 14.4 billion euros, more than the expected 12.3 billion euros, as Apr exports tumbled -1.7%, larger than expectations of -0.7% and Apr imports fell -4.8%, also a larger decline than expectations of -0.1%.
European stocks and U.S. stock index futures moved up from their worst levels after an unnamed German government official said European finance ministers will hold a conference call this weekend to discuss a possible aid package for Spain.
Germany's Bundesbank raised its 2012 German GDP forecast to +1.0% from a Dec estimate of +0.6%, citing a robust global economy, cheap financing conditions and solid domestic consumption, even as Europe's debt crisis presents an "exceptionally high" level of uncertainty. The Bundesbank also raised its 2012 German CPI estimate to 2.1% from a previous projection of 1.8%.
The Bank of Italy reported that Italian bank purchases of the country's sovereign debt rose +1.4% to 295 billion euros in April, the most on record.

ECB Council member Nowotny said a press conference in Vienna today that while the ECB never pre-commits on future policy actions, it "sees increased downside risks" on the economy and "may have to react." Nowotny also said that the ECB is unlikely to offer banks another longer term loan as "rate policy and liquidity must be seen in connection" with European fiscal policy measures.
Market Comments

Sep E-mini S&Ps this morning are trading down -7.75 points on Spain's credit downgrade and weak German exports. The US stock market on Thursday closed mixed: S&P 500 -0.01%, Dow Jones +0.37%, Nasdaq 100 -0.43%. Stocks received an initial boost from China's surprise 25 bp interest rate cut and the successful Spanish bond auction. However, the stock market was later undercut by the 12,000 decline in initial unemployment claims and by Fed Chairman Bernanke's testimony before a Congressional panel in which he did not provide any hints of a new asset purchase program when Operation Twist expires at the end of this month. The Bank of England yesterday left its monetary policy unchanged, which was in line with market expectations.
Sep 10-year T-notes this morning are trading up +22.5 ticks on increased safe-haven demand as global equity markets tumble. Sep 10-year T-note prices on Thursday closed mildly higher: TYU2 +6, FVU2 +2.5. T-note prices closed higher on Thursday on the late sell-off in stocks and continued worries about the global economy. In addition, T-notes received a safe-haven boost after Fitch downgraded Spain by three notches to BBB from A, which left Spain's rating only two notches above junk.
The dollar index this morning is up +0.709 (+0.86%) on increasede safe-haven demand. EUR/USD is weaker by -1.03 (-0.82%), while USD/JPY is down -0.34 (-0.43%). The dollar index on Thursday closed slightly lower: Dollar Index -0.050 (-0.06%), EUR/USD -0.0021 (-0.17%), USD/JPY +0.44 (+0.55%). The Chinese rate cut was bearish for the dollar because safe-haven demand for the dollar will decline if the Chinese economy can bottom out and turn higher in the second half of the year. However, the dollar found support from the late sell-off in stocks and the Fitch credit rating downgrade for Spain.
July WTI crude oil prices this morning are down sharply by -$2.47 a barrel (-2.91%) and July gasoline is down -5.58 cents per gallon (-2.08%). Crude oil and gasoline prices on Thursday closed lower: CLN2 -0.86 (-1.01%), RBN2 -0.0165 (-0.61%). Crude oil prices theoretically should have received a bigger boost from the Chinese interest rate cut but instead closed lower on technical weakness, the inability of stocks to hold their gains, and ongoing concerns about global economic growth.

For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): PNY-Piedmont Nat Gas (consensus $0.71), THO-Thor Industries (0.79).
Global Financial Calendar

Friday 6/8/12
0830 ET	Apr U.S. trade balance expected -$49.5 bln, Mar -$51.8 bln. Annual trade revisions.
1000 ET	Apr wholesale inventories expected +0.5%, Mar +0.3%.
n/a	Fed's Kocherlakota speaks on economic theory in Ann Arbor, MI.
Japan
0030 ET	Japan May bankruptcies, Apr -6.7% y/y.
0100 ET	Japan May eco watchers survey, Apr current 50.9, Apr outlook 50.9.
Germany
0200 ET	German Apr trade balance expected 12.3 bln euros, Mar 17.4 bln euros. Apr exports expected -0.6% m/m, Mar +0.9% m/m. Apr imports, Mar +1.2% y/y. German Apr current account, Mar 19.8 bln surplus.
0200 ET	German Q1 labor costs (sa), last +1.1% q/q and +3.3% y/y.
United Kingdom
0430 ET	UK May PPI input prices (sa), Apr -1.5% m/m and +1.2% y/y. May output prices (nsa) expected unchanged m/m and +3.2% y/y, Apr +0.7% m/m and +3.3% y/y. May core output prices (nsa), Apr +0.6% m/m and +2.3% y/y.
CHI
2130 ET	China May CPI expected +3.2% y/y, Apr +3.4% y/y. China May PPI expected -1.1% y/y, Apr -0.7% y/y.

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

Brookfield Infrastructure Partners - BIP - Barchart's Chart of the Day

Barchart.coms Chart of the Day - Brookfield Infrastructure Partners (BIP)

Barchart Research Team - BC - Thu Jun 07, 7:10PM CDT

Related Stocks

BIP - Brookfield Infrastructure Partners Lp

Sym	Last	Chg	Pct
BIP	32.12	-0.37	-1.14%

The "Chart of the Day" is Brookfield Infrastructure Partners (BIP), which showed up on Thursday's Barchart "All-Time High" list. Brookfield Infrastructure on Thursday posted a new all-time high of $32.52 and closed up +1.21%. TrendSpotter has been long since April 27 at $31.92. Brookfield Infrastructure was last featured on "Chart of the Day" as of the close on January 4 of $28.58. In recent news on the stock, Brookfield Infrastructure on May 8 reported funds from operation of 58 cents, far above the consensus of 30 cents. BMO Capital on May 9 downgraded BIP to Market Perform from Outperform with a target of $33 due to valuation. Brookfield Infrastructure Partners, with a market cap of $4.2 billion, in an infrastructure REIT that owns and operates electricity transmission systems and timberlands in North and South America.

bip_700_01

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

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

Barchart links for further information:

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

Chart of the Day Archive
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Thursday, June 7, 2012

Buy Signals: LEDR,SMRT,NLS

This morning I added Market Leaders (LEDR), Stein Mart (SMRT) and Nautilus (NLS)) to the Barchart Van Meerten Speculative portfolio

Market Leaders (LEDR)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 21.32% in the last month
Relative Strength Index 73.62%
Barchart computes a technical support level at 4.46
Recently traded at 4.61 with a 50 day moving average of 3.97

Stein Mart (SMRT)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 23.76% in the last month
Relative Strength Index 75.91%
Barchart computes a technical support level at 7.50 with a 50 day moving average of 6.51

Nautilis (NLS)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 38.37% in the last month
Barchart computes a technical support level at 3.09
Recently traded at 3.39 with a 50 day moving average of 2.70

Barchart's Morning Call 6/7

Barchart Morning Call

Thu, 7 Jun 2012 07:00:00 -0500

Overnight Developments

E-mini S&Ps this morning are up 10.50 points (+0.80%) on the surprise Chinese rate cut and on the successful Spanish bond auction. Commodity prices are mixed with crude oil up 0.78% and agricultural prices mostly higher but with metals prices trading lower. T-notes are slightly higher by +0.5 tick. The dollar index is down -0.195 points (-0.24%).
The Euro Stoxx 50 is up 0.93% this morning on the Chinese rate cut and on Chancellor Merkel's comments in favor of fiscal union and the successful Spanish bond auction. Asian stocks today closed mostly higher: Japan +1.24%, Hong Kong +0.85%, China -0.60%, Taiwan +0.34%, Australia +1.31%, Singapore -0.06%, South Korea +2.81%, India +1.18%, Turkey +0.93%.
China cut its lending rate by 25 bp to 6.31% from 6.56%, in a surprise move that will be welcome around the world.
Chancellor Merkel today said that "We need more Europe, we need not only a monetary union, but we also need a so-called fiscal union, in other words more joint budget policy. And we need most of all a political union, that means we need to gradually give competencies to Europe and give Europe control."
The Bank of England today left its base rate at 0.50% and held its bond purchase ceiling unchanged at 325 billion pounds, which was in line with consensus market expectations.

Spain today successfully met its target of selling 2 billion worth of bonds at auction. The Spanish Treasury received 3.29 times as many bids as its accepted for the 10-year bond auction that yielded 6.044%. The government sold 611 million euros worth of 10-year bonds and another 1.46 million of 2 and 4 year securities, bringing the total to 2.07 billion euros. The sale was a big relief considering that Spain's finance minister earlier this week fretted that the bond markets were closed to the Spanish government.
Market Comments

June E-mini S&Ps this morning are trading +10.50 (+0.80%) on the Chinese rate cut and the successful Spanish bond auction. The US stock market on Wednesday rallied sharply: S&P 500 +2.30%, Dow Jones +2.37%, Nasdaq 100 +2.36%. Bullish factors included (1) hopes that European policymakers may be in the process of putting together a bailout package for Spain, (2) ECB President Draghi's statement that the ECB is ready to act and that some ECB members favored a rate cut although the ECB left its refinancing rate unchanged at 1.00% at its meeting on Wednesday, (3) hopes that the Federal Reserve will extend its Operation Twist program at its meeting on June 19-20 given yesterday's report that Fed chairman Bernanke and Treasury Secretary Geithner are very worried about European banks, (4) the Beige Book report saying that the U.S. economy "expanded at a moderate pace" and that hiring was "steady or increased slightly," (5) short-covering after the recent sharp sell-off, and (6) some value buying with valuations at very cheap levels.
Sep 10-year T-notes this morning are trading +0.5 tick, stabilizing after Wednesday's sharp decline. June 10-year T-note prices on Wednesday closed sharply lower: TYU2 -20.5, FVU2 -9.75. The main bearish factor was reduced safe-haven demand with the sharp rally in US and European stocks. The S&P 500 index on Wednesday closed +2.37% and the Euro Stoxx 50 closed +2.42%. The T-note market is looking ahead to today's testimony by Fed Chairman Bernanke before a Congressional panel to gauge whether the Fed will extend its Operation Twist program.
The dollar index this morning is down -0.195 (-0.24%) on reduced safe-haven demand. EUR/USD is little changed while USD/JPY is up +0.18 (+0.23%). The dollar index on Wednesday closed with a fairly sharp loss: Dollar Index -0.504 (-0.61%), EUR/USD +0.0130 (+1.04%), USD/JPY +0.44 (+0.56%). The dollar index was undercut by reduced safe-haven demand with the sharp rally in stocks. Meanwhile, the euro was boosted by short-covering and by hopes that policy-makers are putting together a bailout package for Spain.
July WTI crude oil prices this morning are up 0.66 (+0.78%) while gasoline is down -0.0007 (-0.03%). Crude oil and gasoline prices on Wednesday closed moderately higher: CLN2 +0.73 (+0.87%), RBN2 +0.0056 (+0.21%). The main bullish factor was the sharp rally in the stock market and the sell-off in the dollar index. However, crude oil and gasoline prices were held back by the bearish weekly DOE report. The DOE report showed that U.S. oil inventories fell slightly by 111,000 barrels, which was a smaller decline than expectations of -1 million barrels. Meanwhile, gasoline inventories rose sharply by 3.346 million (versus expectations of +1 million barrels), and distillate inventories rose by 2.253 million barrels (versus expectations of +1 million barrels). The refinery utilization rate rose sharply by 1.9 points to 91.0%, which was larger than expectations of +0.5 points and left the rate 2.9 points above the 5-year seasonal average. Refineries are now operating in high gear and that should allow oil inventories to start to consistently drop and allow product inventories to consistently rise.

For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): LULU-Lululemon (consensus $0.30), SJM-JM Smucker (0.99), COO-Cooper (1.20).
Global Financial Calendar

Thursday 6/7/12
United States
0545 ET	Fed's Rosengren speaks about global risk in Copenhagen.
0830 ET	Weekly initial unemployment claims expected +3,000 to 380,000, previous +10,000 to 383,000. Weekly continuing claims expected -2,000 to 3.240 mln, previous -18,000 to 3.242 mln.
0830 ET	USDA weekly exports.
1000 ET	Fed Chairman Bernanke testifies to Congressional Joint Economic Committee on the U.S. economic outlook.
n/a	ICSC May chain store sales, Apr +0.6% y/y.
1030 ET	DOE natural gas storage.
1210 ET	Fed's Lockhart speaks on U.S. economy in Georgia.
1315 ET	Fed's Kocherlakota speaks in Minneapolis.
1500 ET	Apr consumer credit expected +$10.6 bln, Mar +$21.355 bln.
1530 ET	Fed's Fisher speaks on renminbi at La Jolla, CA.
1630 ET	Weekly money supply report and Fed balance sheet.
n/a	Treasury announces 3-year, 10-year , and 30-year auctions for June 12-14.
Japan
0100 ET	Japan Apr coincident index, Mar 96.7. Apr leading index, Mar 96.4.
1950 ET	Japan Q1 final GDP, last +1.0% q/q and +4.1% q/q annualized. Q1 deflator -1.2% y/y.
1950 ET	Japan Apr current account (sa) expected 538. bln yen, Mar 785.5 bln yen. Apr trade balance (BOP basis) expected -425 bln yen, Mar 4.2 bln yen.
1950 ET	Japan May bank lending ex-trusts, Apr +0.4% y/y. May bank lending including trusts, Apr +0.3% y/y.
United Kingdom
0430 ET	UK May PMI services expected 52.8, Apr 53.3.
0700 ET	Bank of England meeting concludes with policy announcement. Base rate expected unchanged at 0.50% and asset purchase target expected unchanged at 325 billion pounds.

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

American Water - AWK - Barchart's Chart of the Day

Barchart.com's Chart of the Day - American Water (AWK)

Barchart Research Team - BC - Wed Jun 06, 6:56PM CDT

Related Stocks

AWK - American Water Works

Sym	Last	Chg	Pct
AWK	34.95	+0.75	+2.19%

The "Chart of the Day" is American Water (AWK), which showed up on Wednesday's Barchart "All-Time High" list. American Water on Wednesday posted a new all-time high of $34.98 and closed +2.19%. TrendSpotter just turned long on Wednesday's upside close. American Water was last featured on "Chart of the Day" about 5 months ago as of the January 19 close of $32.93. In recent news on the stock, the company on May 11 raised its dividend by 8.7% to 25 cents per share. The company on May 30 reaffirmed FY12 EPS guidance of $1.90-2.00 versus the consensus of $1.96. American Water, with a market cap of $6 billion, is an investor-owned U.S. water and wastewater utility company that provides drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada.

awk_700_01

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
View Past Chart of the Day Reports

Wednesday, June 6, 2012

REED and DYAX buy signals

This morning I added Reeds (REED) and Dyax (DYAX) to the Barchart Van Meerten New High portfolio:

Reeds (REED)

Barchart technical indicators:

100% Barchart technical signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 92.69% in the last month
Relative Strength Index 88.07%
Barchart computes a technical support level at 3.18
Recently traded at 4.22 with a 50 day moving average of 2.31

Dyax (DYAX)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 33.56% in the last month
Relative strength Index 73.74%
Barchart computes a technical support level at 1.77
Recently traded at 1.99 with a 50 day moving average of 1.62

Barchart's Morning Call - 6/6

Barchart Morning Call

BC - Wed Jun 06, 7:00AM CDT

Overnight Developments

Market Comments

June E-mini S&Ps this morning are trading +14.25 points (+1.11%) on the 2.17% rally in European stocks and hopes that European policymakers are getting close to an aid package for Spain. U.S. stocks on Tuesday closed mildly higher: S&P 500 +0.57%, Dow Jones +0.22%, Nasdaq 100 +0.38%. Bullish factors on Tuesday included (1) some continued short-covering after the recent plunge, (2) the slightly stronger than expected U.S. May ISM non-manufacturing index report of +0.2 to 53.7 versus expectations of unchanged, and (3) the +3.0 point increase in the China May non-manufacturing index report of +3.0 to a 19-month high of 54.7. Tuesday's G-7 conference call among finance ministers and central bankers was a non-event with a promise simply for "coordinated" policies.
Sep 10-year T-notes this morning are down 9 ticks on the higher trade in global stocks and reduced safe-haven demand. T-note prices on Tuesday closed mixed: TYU2 -5, FVU2 +2. 10-year T-note prices were undercut on Tuesday by the higher trade in U.S. stocks and the +0.2 point increase in the May ISM non-manufacturing index versus expectations of unchanged. The T-note market is looking ahead to today's Beige Book report and Fed Chairman Bernanke's testimony before Congress on Thursday.
The dollar index this morning is down -0.289 (-0.35%) and EUR/USD is up +0.0044 (+0.35%) and hopes for European aid for Spain. USD/JPY is up +0.42 (+0.53%). The dollar index on Tuesday closed mildly higher: Dollar Index +0.268 (+0.32%), EUR/USD -0.0047 (-0.38%), USD/JPY -0.23 (-0.29%). The dollar index was boosted by the slightly stronger than expected U.S. ISM non-manufacturing report, while EUR/USD was undercut by a slew of weak European economic data and the Spanish finance minister's call for European aid for Spain's banking sector.
July WTI crude oil prices this morning are up +1.13 (+1.34%) and July gasoline is up +0.0249 (+0.93%) on the rally in stocks and today's weakness in the dollar index. July crude oil and gasoline prices on Tuesday closed mildly higher: CLN2 +0.31 (+0.37%), RBN2 +0.0140 (+0.52%). Bullish factors on Tuesday included short-covering, the mildly higher trade in U.S. stocks, and expectations for the first decline in U.S. oil inventories in 11 weeks in Wednesday's DOE report.

For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): BF/B-Brown-Forman (consensus $0.75), PLL-Pall Corp (0.75), GEF-Breif (0.74), MW-Men's Warehouse (0.55).
Global Financial Calendar

Wednesday 6/6/12
United States
0700 ET	Weekly MBA mortgage applications, previous -1.3%, purchase sub-index -0.6%, refi sub-index -1.5%.
0815 ET	Fed's Lockhart speaks on economy in Fort Lauderdale, FL.
0830 ET	Q1 final non-farm productivity expected revised to -0.7% from prelim -0.5% q/q. Q1 final unit labor costs expected revised to +2.1% from +2.0%.
1000 ET	Fed's Tarullo testifies on bank supervision to Senate Banking Committee.
1030 ET	DOE Weekly Petroleum Status Report.
1400 ET	Fed's Beige Book survey.
1530 ET	Fed's Williams speaks on the economy in Bellevue, WA.
1900 ET	Fed's Yellen speaks on economic outlook in Boston.
United Kingdom
0430 ET	UK May PMI construction expected 54.7, Apr 55.8.
1901 ET	UK May BRC sales like-for-like, Apr -3.3% y/y.
Euro-Zone
0500 ET	Eurozone Q1 GDP.
0745 ET	ECB policy meeting results; ECB President Draghi appears at press conference.
Germany
0600 ET	German Apr industrial production expected -1.0% m/m, Mar +2.8% m/m and +1.6% y/y.
Japan
2200 ET	Tokyo May average office vacancies, Apr 9.23%.

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

Pharmacyclics - PCYC - Barchart's Chart of the Day

Barchart.coms Chart of the Day - Pharmacyclics (PCYC)

Barchart Research Team - BC - Tue Jun 05, 6:13PM CDT

Related Stocks

PCYC - Pharmacyclics

Sym	Last	Chg	Pct
PCYC	34.43	+0.34	+1.00%

The "Chart of the Day" is Pharmacyclics (PCYC), which showed up on Tuesday's Barchart "All-Time High" list. Pharmacyclics on Tuesday rallied to a new all-time high of 34.17 and closed up 5.28%. TrendSpotter has been long since May 16 at $29.31. In recent news on the stock, Roth Capital on June 5 reiterated its Buy rating on the stock and its $42 target and said that Pharmacyclics' Phase II data for its ibrutinib cancer treatment is "dazzling." Pharmacyclics, with a market cap of $2.1 billion, is a pharmaceutical company developing products to improve upon therapeutic approaches to cancer, atherosclerosis and retinal disease.

pcyc_700

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

Chart of the Day Archive
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Buy Facebook - Not yet

For those of you waiting to buy FaceBook (FB) in at the low this 30 minute trading chart I did on Barchart says it all:

Tuesday, June 5, 2012

Buy signals: APFC,CYTR and ENZN

This morning I added American Pacific Corp (AFPC), Cytrx Corp (CYTR) and Enzon Pharmaceutical (ENZN) to the Barchart Van Meerten Speculative portfolio.

American Pacific Corporation (APFC)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 18.43% in the last month
Relatives Strength Index 73.71%
Barchart computes a technical support level at 8.02
Recently traded at 9.19 with a 50 day moving average of 7.88

Cytrx Corporation (CYTR)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
11 new highs and up 32.83% in the last month
Relative strength Index 68.44%
Barchart computes a technical support level at 2.95
Recently traded at 3.81 with a 50 day moving average of 2.79

Enzon Pharmaceutical (ENZN)

Barchart technical indicators:

32% Barchart technical buy signal
Trend Spotter buy signal
Above its 20 and 50 day moving averages
10 new highs and up 14.42% in the last month
Relative Strength Index 66.05%
Barchart computes a technical support level at 6.31
Recently traded at 6.70 with a 50 day moving average of 6.35

Bought XEL and AUXL

This morning I added Xcel Energy (XEL) and Auxilium Pharmaceuticals (AUXL) to the Barchart Van Meerten New High portfolio.

Xcel Energy (XEL)

Barchart technical indictors:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 4.67% in the last month
Relative Strength Index 68.17%
Barchart computes a technical support level at 27.82
Recently traded at 28.21 with a 50 day moving average of 26.99

Auxilium Pharmaceutical (AUXL)

Barchart technical indicators:

72% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 27.97% in the last month
Relative Strength Index 76.15%
Barchart computes a technical support level at 18.94
Recently traded at 20.08 with a 50 ay moving average of 18.46

Barchart Morning Call 6/5

Barchart Morning Call

BC - Tue Jun 05, 7:00AM CDT

Overnight Developments

E-mini S&Ps are slightly lower this morning and commodities are mixed as the markets await today's G-7 conference call among finance ministers and central bankers. Gold is up 0.35% today, but copper is down -0.12% and crude oil is down -0.13%. Grains are higher while livestock is mixed. The dollar index is up +0.29% and EUR/USD is down -0.59%. Sep 10-year T-note prices are up 3 ticks.
The Euro Stoxx 50 is down -0.24% today as the markets await the outcome of today's G-7 meeting and as Spain's finance minister for the first time explicitly called for European help on financing its bank bailout. Asian stocks today closed higher on a partial recovery from Monday's sharp losses: Japan +1.04%, Hong Kong +0.40%, China -0.01%, Taiwan +1.53%, Australia +1.47%, Singapore +0.50%, South Korea +1.05%, India +0.20%, Turkey +0.24%.
The Australian central bank today cut its key interest rate by 25 bp to 3.50% in an action that the market generally expected. The action was taken partially in response to the European uncertainty and slower Chinese growth.
The HSBC/Markit China May non-manufacturing PMI rose by 3.0 points to a 19-month high of 54.7 from 54.1 in April.
European economic data today was generally weak. The German final-May services PMI was revised lower by 0.4 points to 51.8 from 52.2, although the Eurozone final-May services PMI was revised slightly higher by 0.2 points to 46.7 from 46.5. Eurozone April retail sales fell -1.0% m/m and -2.5% y/y, which was weaker than market expectations of -0.1% m/m and -1.1% y/y. German April factory orders fell -1.9% m/m and -3.8% y/y, which was weaker than expectations of -1.1% m/m.
German Chancellor Merkel said last night that Germany is open to European-wide supervision for systemically-important European banks. However, German Finance Minister Schaeuble today reiterated German opposition to debt sharing as a solution, saying that the Eurozone needs "a real fiscal union" before joint debt management can be discussed.

Spanish Finance Minister Montoro today called for European aid for its banks while saying that a full Spanish bailout was not necessary. He said Spanish banks don't need "excessive amounts" to recapitalize and the question is "where that figure comes from." He said, "That's why it's so important that European institutions help us achieve, help facilitate, that figure because we're not talking about astronomical figures." The Spanish bond yield today is up 4 bp at 6.42%. Santander Chairman Emilio Botin said yesterday that about 40 billion euros would be enough to solve Spain's banking problems, although other estimates run up to 75 billion euros.
Market Comments

June E-mini S&Ps this morning are trading slightly lower by -2.00 points (-0.16%) on lower European stocks (-0.24%) and weak European economic data today, although on the positive side the Australian central bank cut its key interest rate by 25 bp. U.S. stocks on Monday closed mixed: S&P 500 +0.01%, Dow Jones -0.14%, Nasdaq 100 +0.78%. The U.S. market on Monday found support from short-covering after the recent plunge and from the +0.50% higher close in European stocks. The stock market was able to shake off the bearish news of the -0.6% decline in U.S. April factory orders and the -0.9 point drop in the China May non-manufacturing PMI index to a 14-month low of 55.2.
Sep 10-year T-notes this morning are up +3 ticks on the slightly lower trade in E-mini S&Ps and on some nervousness ahead of today's G-7 meeting. T-note prices on Monday closed sharply lower: TYU2 -20.5, FVU2 -9.5. T-note prices on Monday fell on long liquidation pressure sparked by the stabilization in U.S. stocks and the +0.50% rally in European stocks. The T-note market is awaiting today's G-7 conference call and Thursday's Bernanke testimony to a Congressional panel.
The dollar index this morning is up +0.243 this morning with EUR/USD down -0.0074 (-0.59%) on Europe's weak economic data and Spain's call for help on a bank bailout. USD/JPY is slightly lower by -0.10 yen. The dollar index on Monday fell back from last Friday's 10-month high and closed lower: Dollar Index -0.339 (-0.40%), EUR/USD +0.0065 (+0.52%), USD/JPY +0.03 (+0.04%). The dollar index on Monday fell on long liquidation pressure sparked by the recovery in U.S. stocks from the daily low and the +0.50% higher close in European stocks. USD/JPY found some support on short-covering and on the implicit threat of Japanese currency market intervention to cap the yen's strength. BOJ Governor Shirakawa on Monday said that the BOJ has been monitoring "the recent appreciation of the yen."
July WTI crude oil prices this morning are slightly lower by -0.11 (-0.13%) while July gasoline is down 1.02 cents (-0.38%) as the market frets about Europe. July crude oil and gasoline prices on Monday closed mildly higher: CLN2 +0.375 (+0.31%), RBN2 +0.0139 (+0.52%). Bullish factors yesterday included short-covering, the recovery in U.S. stocks from the daily lows, and expectations for the first decline in U.S. oil inventories in 11 weeks in Wednesday's DOE report. The market consensus for Wednesday's weekly DOE report is for a 1 million decline in crude oil inventories, a 1 million increase in gasoline inventories, a 1 million barrel increase in distillate inventories, and a 0.5 point increase in the refinery utilization rate to 89.6% of capacity. U.S. refineries have now ramped up operations enough after spring maintenance that they should start to work down the excessive supply of crude oil and start producing more gasoline and distillates. U.S. crude oil inventories have soared by 16.7% since the beginning of the year to a 22-year high and are currently 9.5% above the 5-year seasonal average, the highest such level since December 2010.

For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): ULTA-Ulta Salon (consensus $0.53), UNFI-United Natural (0.56).
Global Financial Calendar

Tuesday 6/5/12
United States
0700 ET	Fed's Fisher speaks in Fife, Scotland.
0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
1000 ET	May ISM non-manufacturing index expected unch at 53.5, Apr -2.5 to 53.5.
1130 ET	Weekly 4-week T-bill auction.
1415 ET	Fed's Bullard speaks on housing in St. Louis.
1630 ET	API weekly U.S. oil statistics.
1915 ET	Fed's Evans speaks to Money Marketeers in NY.
United Kingdom
n/a	UK holiday for Queen's Diamond Jubilee.
Euro-Zone
0400 ET	Eurozone May final PMI services expected unrevised at 46.5. May final PMI composite expected 45.9.
0500 ET	Eurozone Apr retail sales expected -0.1% m/m, Mar +0.3% m/m and -0.2% y/y.
Germany
0355 ET	German final May PMI services expected unrevised at 52.2.
0600 ET	German Apr factory orders expected -1.0% m/m, Mar +2.2% m/m and -1.3% y/y.

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

Monday, June 4, 2012

Portfolio deletions : DUSA,LHO,WTT,BRP,SBLK,WTBA,DX,EDR

Today I deleted 8 stocks from the Barchart Van Meerten Speculative portfolio for negative price momentum. They were Dusa Pharmaceuticals (DUSA), LaSalle Hotel Properties (LHO), Wireless Telecom Group (WTT), Brookfield Residential Properties (BRP), Star Bulk Carriers (SBLK), West Bancorporation (WTBA), Dynex Capital (DX) and Education Realty Trust (EDR).

Dusa Pharmaceuticals (DUSA)

Barchart technical indicators:

64% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
23.56% off its 1 year high
Relative Strength Index 39.50%

LaSalle Hotel Properties (LHO)

Barchart technical indicators:

80% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
16.38% off its 1 year high
Relative Strength Index 34.53%

Wireless Telecom Group (WTT)

Barchart technical indicators:

88% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
24.46% off its 1 year high
Relative Strength Index 37.93%

Brookfield Residential Properties (BRP)

Barchart technical indicators:

56% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
16.67% off its 1 year high
Relative Strength Index 34.20%

Star Bulk Carriers (SBLK)

Barchart technical indicators:

88% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
66.41% off its 1 year high
Relative Strength Index 33.37%

West Bancorporation (WTBA)

Barchart technical indicators:

56% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
11.47% off its 1 year high
Relative Strength Index 46.93%

Dynex Capital (DX)

Barchart technical indicators:

32% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
8.22% off its 1 year high
Relative Strength Index 40.99%

Education Realty Trust (EDR)

Barchart technical indicators:

32% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
7.45% off its 1 year high
Relative Strength Index 37.27%

Portfolio deletions: PAA,CMG,SBUX,ULTA

This morning I deleted 4 stocks from the Barchart Van Meerten New High portfolio for negative price momentum, They were Plains All American Pipeline (PPA), Chipolte Mexican Grill (CMG), Starbucks (SBUX) and Ulta Salon Cosmetics & Fragrance (ULTA)

Plains All American Pipeline (PAA)

Barchart technical indicators:

88% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
9.54% off its 1 year high
Relative Strength Index 35.90%

Chipolte Mexican Grill (CMG)

Barchart technical indicators:

64% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
10.24% off its 1 year high
Relative Strength Index 43.51%

Starbucks (SBUX)

Barchart technical indicators:

24% Barchart technical sell signal
Trend Spotter sell signal
Below its 20 and 50 day moving averages
13.06% off its 1 year high
Relative Strength Index 46.76%

Ulta Salon Cosmetics & Fragrance (ULTA)

Barchart technical indicators:

48% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
10.72% off its 1 year high
Relative Strength Index 42.04%

Barchart's Morning Call 6/4

Barchart Morning Call

BC - Mon Jun 04, 7:00AM CDT

Overnight Developments

June E-mini S&Ps this morning are trading slightly higher by +1.75 points (+0.14%) on some short-covering after last Friday's sharp sell-off and on higher European stocks today. Commodity prices on average are mildly higher by +0.24% this morning with gold up 0.52%, although copper is down -0.54% and crude oil is down -1.12%. Grain prices are higher today. T-notes are down 5 ticks. The dollar index is down -0.116 points (-0.14%) with EUR/USD little changed and USD/JPY up +0.11 yen.
The Euro Stoxx 50 this morning is up 0.77% today on a recovery from recent losses. London is closed today for a spring bank holiday and the Queen's Diamond Jubilee. Asian stocks today sold off sharply on last Friday's weak U.S. payroll report and Sunday's report of a decline in China's non-manufacturing PMI: Japan -1.71%, Hong Kong -2.01%, China -2.81%, Taiwan -2.98%, Australia -1.94%, Singapore -1.70%, South Korea -2.27%, India -0.15%, Turkey -0.25%.
Spanish 10-year bond yields fell by 3 bp to 6.50% today after the number of people in Spain claiming unemployment benefits fell by 30,113 to 4.71 million persons. That was the second month in a row that persons claiming unemployment benefits fell following the 6,632 decline seen in April. Spanish Prime Minister Rajoy today said the EU "needs to reinforce its common institutional architecture so that investors regain confidence in the single currency. Spain will emerge from the storm through its own efforts and with the support of our European partners."
A spokesman for Spanish Prime Minister Rajoy's office said Spain is not under pressure from its European partners to seek a bailout, denying a report that German Chancellor Merkel and French President Hollande are pressuring Spain to seek a bailout.
The June Sentix investor confidence index fell to -28.9 from -24.5 in May, although that was a bit better than the market consensus of -30.0.
The April Eurozone PPI eased to unchanged m/m and +2.6% y/y from +0.5% m/m and +3.5% y/y, which was weaker than market expectations of +0.2% m/m and +2.7% y/y.

China's May non-manufacturing PMI fell by 0.8 points to a 14-month low of 55.2 from 56.1 in April, according to a report on Sunday from the Chinese National Bureau of Statistics and the China Federation of Logistics and Purchasing.
Market Comments

June E-mini S&Ps this morning are trading +1.75 points on some short-covering after last Friday's sharp losses and on this morning's higher trade in European stocks. U.S. stocks on Thursday closed mildly lower: S&P 500 -2.46%, Dow Jones -2.22%, Nasdaq 100 -2.62%. The S&P 500 index last Friday fell to a new 4-1/2 month low and has now fallen by a total of 10.2% from the 4-year high posted in early April. Bearish factors on Friday included (1) the weaker than expected May payroll report of +69,000 (vs expectations of +150,000) and the 0.1 point rise in the May unemployment rate to 8.2%, (2) the larger-than-expected -1.3 point decline in the May ISM manufacturing index to 53.5 versus expectations of -1.0 to 53.8, and (3) Thursday night's weaker than expected May Chinese ISM manufacturing index of -2.9 to 50.4.
Sep 10-year T-notes this morning are -5 ticks on the higher trade in E-mini S&Ps and European stocks. T-note prices on Friday closed higher: TYU2 +25.5, FVU2 +6.75. The 10-year T-note yield last Friday fell to a new closing low of 1.45%. T-notes rallied further on the weak US payroll and ISM manufacturing reports and Chinese ISM manufacturing report, which all added up to an alarming synchronous decline in global economic growth. The weak economic reports, combined with the ongoing European debt crisis, increase the chances that the FOMC at its next meeting on June 19-20 will implement a new securities purchase program of some type when the current Operation Twist program expires at the end of June.
The dollar index this morning is mildly lower by -0.116 (-0.14%) on reduced safe-haven demand with the higher trade in E-mini S&Ps and European stocks. EUR/USD is up +0.00003 (+0.02%) and USD/JPY is up +0.11 yen (+0.14%). BOJ Governor Shirakawa today said that the BOJ has been monitoring "the recent appreciation of the yen" in a warning to the FX markets about the possibility of intervention. The dollar index on Friday posted a new 10-month high but then fell back and closed slightly lower: Dollar Index -0.07 (-0.09%), EUR/USD +0.0069 (+0.56%), USD/JPY -0.30 (-0.38%). The dollar fell on Friday as some long liquidation pressure emerged after the weak U.S. payroll report put the U.S. economy in a weaker light and increased the chances for a new Fed securities purchase program, which would be bearish for the dollar. EUR/USD posted a new 2-year low but then recovered on some short-covering to closed +0.56%. USD/JPY extended the 2-1/2 month decline and posted a new 3-1/2 month low on the weak U.S. economic reports and continued safe-haven buying in the yen. The markets this week will be watching for fresh threats from Japanese officials for intervention against the yen.
July WTI crude oil prices this morning are down -0.93 (-1.12%) and July gasoline is down -3.20 (-1.20%) as market concerns continue about weak global economic growth with Sunday's weak Chinese non-manufacturing PMI report of -0.9 to 55.2. July crude oil and gasoline prices on Friday closed sharply lower: CLN2 -3.30 (-3.81%), RBN2 -0.0659 (-2.42%). July crude oil has now plunged by $29 per barrel in the past 3 months to post a new 8-month low and close at $83.23, the lowest level since last October just before the economy started to regain its strength. Crude oil has plunged on the syncronized decline in economic growth in the U.S., Europe and Asian, which will substantially undercut fuel demand. In addition, Bloomberg reported on Friday that OPEC production in May rose by 0.1% m/m to a new 3-1/2 year high of 31.595 million barrels per day. Saudi production rose by 0.8% to 9.9 million bpd. Crude oil also continues to see heavy downward pressure from the 16.7% surge in U.S. oil inventories seen since the beginning of the year to a 22-year high.

For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): DG-Dollar General (consensus $0.60), SHFL-Shuffle Master (0.20).
Global Financial Calendar

Monday 6/4/12
United States
0945 ET	May NY ISM index, Apr 61.2.
1000 ET	Apr factory orders expected +0.2% m/m, Mar -1.9% m/m.
1100 ET	USDA weekly grain export inspections.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1600 ET	USDA Crop Progress
United Kingdom
n/a	UK spring bank holiday.
Euro-Zone
0430 ET	Eurozone June Sentix investor confidence, May -24.5.
0500 ET	Eurozone Apr PPI expected +0.3% m/m and +2.8% y/y, Mar +0.5% m/m and +3.3% y/y.
CHI
2230 ET	China May HSBC services PMI, Apr 54.1.

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