Saturday, July 21, 2012

RIMM tanks

For the last 6 months I've been advising investors to short Research in Motion ( RIMM) ans I've taken a lot of flack.  Please look at this Barchart graph of the daily trading activity over the last 6 months:

http://seekingalpha.com/article/449351-research-in-motion-can-it-be-worse


Enough said!

Friday, July 20, 2012

Barchart Morning Call 7/20


Barchart Morning Call
Overnight Developments
  • Sep E-mini S&Ps are trading down by -0.40% on concern over global growth after China pledged to keep property curbs and amid concern the European debt crisis will drag on after the additional yield investors demand to hold Spanish debt instead of German debt rose to a record. The Euro Stoxx 50 is down -1.10%. Commodity prices are mostly lower with Sep crude down -1.27%, Aug gold up +0.11%, and Sep copper down -1.63%. Agricultural prices bucked the trend and moved higher on ongoing drought concerns with Nov soybeans up +1.42% and Dec corn up +0.61%. The dollar index is up +0.27% with EUR/USD down -0.33%. Sep 10-year T-notes are up +8 ticks.
  • Asian stocks today closed mostly lower: Japan -1.43%, Hong Kong +0.42%, China -1.07%, Taiwan +0.23%, Australia -0.18%, South Korea -0.04%, India -0.70%.
  • Chinese stocks fell after the Xinhua News Agency reported the China won't relax property control policies and will instead seek to keep a "firm grip" on the real estate market to prevent a rebound in housing prices.
  • The yield spread between 10-year Spanish and German government debt widened to a record 593 bp ahead of a conference call later today between Euro-Zone finance ministers on the terms of a 100 billion-euro bailout for Spain. Spain's 10-year bond yield rose for a seventh day as the yield climbed 10 bp to 7.11%, while 5-year German bund yields tumbled to a record low 0.253%.
  • June German producer prices fell -0.4% m/m and rose +1.6% y/y, weaker than expectations of -0.2% m/m and +1.8% y/y, with the +1.6% y/y increase the smallest gain in 2 years.
  • June U.K. public sector net borrowing climbed 12.1 billion pounds, more than expectations of 11.2 billion pounds, while May was revised up to show a 16.1 billion pound increase from the originally reported 15.6 billion pounds.
    Market Comments
    • Sep E-mini S&Ps this morning are trading down -0.40% as Spain's 10-year bond yield climbs further above 7.00%. Stocks on Thursday closed higher: S&P 500 +0.27, Dow Jones +0.27%, Nasdaq 100 +1.14%. Stocks rallied on positive earnings reports from a range of companies including IBM (which closed +3.8% on the day) and Ebay (which closed +8.6%) and continued hopes for stimulus measure from China. The stock market shook off yesterday's weak economic data on hopes that the weak economy may eventually force the Fed into a QE3 program. Initial unemployment claims spiked higher by 33,000 to 386,000, but that was mostly due to distortions from the erratic auto plant shut-downs this year for retooling. June existing home sales fell by -5.4% to 4.37 mln units, which was much weaker than market expectations of +1.5% to 4.62 mln units. The June LEI of -0.3% m/m was weaker than market expectations of -0.1%.
    • Sep 10-year T-notes this morning are up +8 ticks on increased safe-haven demand as stocks falter. Sep 10-year T-note prices on Thursday closed lower: TYU2 -9, FVU2 -2.5. Bearish factors included reduced safe-haven demand with the rally in the stocks and some supply overhang with Thursday's sale of 10-year TIPS securities.
    • The dollar index this morning is higher by +0.27% with EUR/USD down -0.33% and USD/JPY down -0.04%. The dollar index on Thursday closed little changed: Dollar index -0.19 (-0.22%), EUR/USD -0.0003 (-0.02%), USD/JPY -0.18 (-0.23%). The dollar index traded sideways again on Thursday. Bearish factors for the dollar index included the weak U.S. economic data and reduced safe-haven demand with the rally in stocks. However, the dollar also received a boost from the temporary rise in the Spanish 10-year bond yield above 7.00%. The Spanish 10-year bond yield this week has risen sharply by 35 bp to close at 6.97% on Thursday.
    • Sep WTI crude oil prices this morning are trading down -$1.18 a barrel (-1.27%) and Sep gasoline down -2.86 cents per gallon (-1.01%). Crude oil and gasoline prices on Thursday closed sharply higher: CLU2 +2.80 (+3.11%), RBU2 +0.0659 (+2.37%). Bullish factors included (1) technical buying with the new highs, (2) expectations for tightening world oil supplies with the sanctions on Iran, (3) some concern about whether Israel will respond militarily to the terrorist attack by Iran and/or Hezbollah on Israeli tourists in Bulgaria, and (4) the 4-week decline in U.S. oil inventories.
    • 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 (ranked by market cap): GE (Consensus $0.37), SLB-Schlumberger (1.00), AEP-Americal Electric (0.71), BHI-Baker Hughes, GR-Goodrich (1.72), STI-Suntrust Banks (0.44), IR-Ingersoll-Rand (0.91), XRX-Xerox (0.26), UAL-United Contintental (1.70), ALV-Autoliv (1.40), IDXX-Indexx Labs (0.90), NVR-NVR Inc (11.41), HCBK-Hudson City Bancorp (0.14).
      Global Financial Calendar
      Friday 7/20/12
      United States
      n/a No U.S. reports.
      Japan
      0300 ET Japan June convenience store sales, May +1.7% y/y.
      Germany
      0200 ET German June producer prices expected -0.2% m/m and +1.8% y/y, May -0.3% m/m and +2.1% y/y.
      United Kingdom
      0430 ET UK June public finances (PSNCR) expected 8.5 bln pounds, May -4.4 bln pounds. June PSNB ex interventions expected 13.4 bln pounds, May 17.9 bln pounds. June public sector net borrowing expected 11.2 bln pounds, May 15.6 bln pounds.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Perion Networks - PERI - Buy signals

This afternoon I put in a buy order for Perion Networks (PERI) in the Barchart Van Meerten Speculative portfolio for great upward momentum.  The chart is an hourly trading chart over the past month

Perion Networks (PERI)


Barchart technical indicators:
  • 72% Barhcart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 21.98% in the last month
  • Relative Strength Index 79.86%
  • Barchart computes a technical support level at 4.50
  • Recently traded at 4.94 with a 50 day moving average of 4.22




Canadian National Railwat - CNI - Barchart Chart of the Day


Barchart.coms Chart of the Day - Canadian National Railway Company (CNI)
Related Stocks
CNI - Canadian National Railway Company
Sym Last Chg Pct
CNI 86.71 -1.41 -1.60%
The "Chart of the Day" is Canadian National Railway Company (CNI), which showed up on Thursday's Barchart "All-Time High" list. CNI on Thursday posted a new all-time high of $88.57 and closed up +1.32%. TrendSpotter has been long CNI since June 20 at $85.24. In recent news, JPMorgan Chase on July 2 said it expects the major U.S. railroad companies to report higher than expected Q2 EPS as their volume numbers remain steady while they are expected to benefit significantly from lower fuel prices. Canadian National Railway Company, with a market cap of $37.2 billion, operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway, Detroit and other major cities.
cni_700

How we found the Chart of the Day:

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

Thinking about buying GE?

Articel I wrote for TheStreet  :  http://www.thestreet.com/story/11627095/1/time-to-salute-general-electric.html

Thursday, July 19, 2012

Novavax - NVAX - buy signals

This morning I added to Novavax (NVAX) to the Barchart Van Meerten Speculative portfolio for great upward momentum.  This is an hourly trading chart covering the last month:

Novavax (NVAX)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 69.29% in the last month
  • Relative Strength Index 89.03%
  • Barchart computes a technical support level at 2.02
  • Recently traded at 2.16 with a 50 day moving average of 1.46



3 Great Small Caps

This morning I used Barchart to screen the S & P 600 Small Cap Index stocks to find 3 with great positive momentum and found Viewpoint Financial Group (VPFG), Papa John's International (PZZA) and West Pharmaceutical Services (WST).

Viewpoint Financial Group (VPFG)


Barchart technical indicators:)
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 15.29% in the last month
  • Relative Strength Index 82.58%
  • Barchart computes  a technical support level at 17.57
  • Recently traded at 17.91 with a 50 day moving average of 15.88
Papa John's International (PZZA)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 10.76% in the last month
  • Relative Strength Index 76.53%
  • Barchart computes a technical support level at 49.83
  • Recently traded at 52.60 with a 50 day moving average of 47.53
West Pharmaceutical Services (WST)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 2.89% in the last month
  • Relative Strength Index 62.84%
  • Barchart computes a technical support level at 50.37
  • Recently traded at 51.56 with a 50 day moving average of 48.39






Barchart Morning Call 7/19


Barchart Morning Call
Overnight Developments
  • Sep E-mini S&Ps are trading mildly higher by +0.40% on positive U.S. and European earnings news and on expectations for an announcement soon on additional Chinese stimulus measures. IBM and Ebay are trading higher in European trading this morning on better-than-expected earnings reports. The Euro Stoxx 50 this morning is up 0.94%. Commodity prices are trading higher almost across the board with an average gain of +0.88%. Sep crude oil is up +1.20%, Aug gold is up +0.83%, Sep copper is up 1.02%, and agricultural prices are all trading higher expect for cattle. The dollar index is down -0.33% while EUR/USD is up +0.13%. Sep 10-year T-notes are down 6.5 ticks.
  • Asian stocks today closed higher across the board: Japan +0.79%, Hong Kong +1.66%, China +0.41%, Taiwan +1.41%, Australia +2.02%, Singapore +0.39%, South Korea +1.70%, India +0.55%, Turkey +0.27%.
  • Chinese stocks rallied today on a report that China's four big banks boosted new loans to 50 billion yuan in the first half of July, which is double the month-earlier period. In addition, the market is looking for new stimulus measures from the Chinese government including another cut in the bank reserve ratio and rule changes that will make it easier for insurance companies to invest in debt securities, share rights and fixed assets.
  • The German parliament today is expected to approve Germany's participation in the Spanish bank bailout of up to 100 billion euros. Eurozone finance ministers meet on Friday to approve the Spanish bank bailout and to discuss the Greek situation.
  • Spain's 10-year bond yield today rose by 5 bp to 7.01%, breaching the red flag level of 7.00%. Spain today was able to sell 2-year, 5-year and 7-year securities but yields were substantially higher than previous auctions and the amount of bids received was lower than previous auctions. The bid cover ratio (bids received divided by bids accepted) was only 1.9 for the 2-year security versus 4.26 in last month's auction and 2.06 for the 5-year security versus 3.44 at the June auction.
  • The UK June retail sales report of +0.1% m/m and +1.6% y/y was substantially weaker than market expectations of +0.6% m/m and +2.3% y/y and was down from May's revised report of +1.5% m/m and +2.1% y/y.
  • The May Eurozone current account surplus (seasonally adjusted) of 10.9 billion euros was wider than market expectations of 4.6 billion euros and up from April's 5.5 billion euros in a supportive factor for the euro.
    Market Comments
    • Sep E-mini S&Ps this morning are trading +0.40% on positive earnings reports and expectations for additional stimulus measures from China. Today is a big day for earnings reports with Microsoft and Google scheduled to report. Stocks on Wednesday closed moderately higher: S&P 500 +0.67%, Dow Jones +0.81%, Nasdaq 100 +1.32%. Bullish factors included the stronger-than-expected U.S. housing starts report of +6.9% to 760,000 units and positive earnings reports from companies such as Intel and Honeywell. The Beige Book report was in line with market expectations and said that U.S. economic growth was "modest to moderate" in June and early July. The report said, "Employment levels improved at a tepid pace."
    • Sep 10-year T-notes this morning are down -6.5 ticks with most of the world's stock markets trading higher today. Sep 10-year T-note prices on Wednesday closed mildly higher: TYU2 +6.5, FVU2 +4.5. T-note prices were boosted by Fed Chairman Bernanke's second day of generally downbeat economic commentary and Mr. Bernanke's comment that the U.S. fiscal situation is "unsustainable."
    • The dollar index this morning is mildly lower by -0.33% on reduced safe-haven demand with the rally in world stocks. EUR/USD is up +0.13% even though the Spanish 10-year bond yield today crept above 7.00%. USD/JPY is down -0.28%. The dollar index on Wednesday closed little changed: Dollar index +0.04 (+0.04%), EUR/USD -0.0010 (-0.08%), USD/JPY -0.29 (-0.37%). The dollar index on Wednesday continued to trade on a weak note as it settles back after the early-July rally. EUR/USD closed slightly lower as the Spanish 10-year bond yield rose by 15 bp to 6.92%, moving back up towards the red-flag level of 7.00%.
    • Sep WTI crude oil prices this morning are trading +1.08 (+1.20%) and Sep gasoline is up +0.0240 (+0.86%) on more positive economic sentiment with the rally in stocks and expectations for Chinese stimulus measures. Crude oil and gasoline prices on Wednesday closed higher: CLQ2 +0.65 (+0.73%), RBQ2 +0.0384 (+1.35%). Bullish factors included the positive U.S. housing starts report and the unexpected 1.815 million bbl drop in gasoline inventories versus expectations for a 1.1 million bbl increase. Crude oil inventories fell by 809,000 bbls, which was fairly close to expectations for a drop of 750,000 bbls. Distillate inventories rose by 2.619 million bbls, which was larger than expectations for a rise of 1 million bbls. The refinery operation rate fell by 0.7 points to 92.0% versus expectations for a 0.4 point rise to a new 5-year high of 93.1%.
    • 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 (ranked by market cap): MSFT (Consensus $0.62), Google (10.12), PM-Philip Morris (1.35), VZ-Verizon (0.64), UNH-UnitedHealth (1.20), UNP-Union Pacific (1.97), DHR-Danaher (0.81), COF-Capital One (1.46), FCX-Freeport-McMoran (0.75), BAX-Baxter (1.11), MS-Morgan Stanley (0.29), TRV-Travelers (1.34), BBt-BB&T (0.70), ISRG-Intuitive Surgical (3.57), JCI-Johnson Controls (0.66), PPG-PPG Industries (2.36), VFC-VF Corp (0.94), BX-Blackstone Group (0.11), SHW-Sherwin-Williams, FITB-Fifth Third Banc (0.35), CMG-Chipotle Mexican (2.30), NUE-Nucor (0.48).
      Global Financial Calendar
      Thursday 7/19/12
      United States
      0830 ET Weekly initial unemployment claims expected +15,000 to 365,000, previous -26,000 to 350,000. Weekly continuing unemployment claims expected -4,000 to 3.300 mln, previous -14,000 to 3.304 mln.
      0830 ET USDA weekly exports.
      1000 ET July Philadelphia Fed index expected +8.6 to -8.0, June -10.8 to -16.6.
      1000 ET June existing home sales expected +1.5% m/m to 4.62 mln, May -1.5% m/m to 4.55 mln units.
      1000 ET June leading indicators expected -0.1% m/m, May +0.3% m/m.
      1030 ET DOE natural gas storage.
      1300 ET Treasury sells $15 billion in 10-year TIPS.
      1400 ET June U.S. budget statement.
      n/a Treasury announces 2-year, 5-year and 7-year T-notes auctions for July 24-26.
      1630 ET Weekly money supply report and Fed balance sheet.
      Japan
      0030 ET Japan May all-industry activity index expected -0.3% m/m, Apr +0.1% m/m.
      0100 ET Japan final-May leading index CI, prelim May 95.9. Final-May coincident index, prelim May 95.8.
      0130 ET Japan June nationwide department store sales, May -1.0% y/y. June Tokyo department store sales, Apr +2.1% y/y.
      Euro-Zone
      0400 ET Eurozone May current account (sa), April 4.6 bln euros.
      United Kingdom
      0430 ET UK June retail sales (including fuel) expected +0.6% m/m and +2.3% y/y, May +1.4% m/m and +2.4% y/y. June retail sales ex-fuel expected +0.4% m/m and +2.6% y/y, May +0.9% m/m and +3.0% y/y.
      CHI
      2135 ET China MNI July flash business sentiment survey.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

American Water Works - AWK- Barchart Chart of the Day


Barchart.coms Chart of the Day - American Water Works (AWK)
Related Stocks
AWK - American Water Works
Sym Last Chg Pct
AWK 35.99 +0.39 +1.10%
The "Chart of the Day" is American Water Works (AWK), which showed up on Wednesday's Barchart "All-Time High" list. American Water Works on Wednesday posted a new all-time high of $36.00 and closed up +1.10%. TrendSpotter has been long since July 6 at $34.71. On Wednesday, Pennsylvania American Water, the largest water utility in Pennsylvania and a subsidiary of American Water Works, announced a $2.8 million water main extension project in Washington County, PA. American Water Works, with a market cap of $6.2 billion, provides drinking water, wastewater and other water-related services in multiple states and Ontario, Canada. The company's primary business involves the ownership of regulated water and wastewater utilities that provide water and wastewater services to residential, commercial and industrial customers.
awk_700_03
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:

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
View Past Chart of the Day Reports

Tuesday, July 17, 2012

3 Mid Caps with Momentum

This morning I used Barchart to screen the Mid Cap S & P 400 Index stocks to find the 3 with the most consistent momentum and found Alliant Energy (LNT), Jet Blue Airways (JBLU) and HSN (HSNI).  These are daily trading charts.

Alliant Energy (LMT)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 2.86% in the last month
  • Relative Strength Index 68.77%
  • Barchart computes a technical support level at 46.22
  • Recently traded at 46.61 with a 50 day moving average of 44.79
Jet Blue Airways (JBLU)


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 18.04% in the last month
  • Relative Strength Index 72.34%
  • Barchart computes a technical support level at 5.66
  • Recently traded at 5.89 with a 50 day moving average of 5.06
HSN (HSNI)


Barchart technical indicators:
  • 00% Brachart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 4.60% in the last month
  • Relative Strength Index 72.66%
  • Barchart computes a technical support level at 41.81
  • Recently traded at 43.30 with a 50 day moving average of 39.40







Public Storage - PSA - Barchart Chart of the Day


Barchart.coms Chart of the Day - Public Storage (PSA)
Related Stocks
PSA - Public Storage
Sym Last Chg Pct
PSA 147.39 +0.72 +0.49%
The "Chart of the Day" is Public Storage (PSA), which showed up on Monday's Barchart "All-Time High" list. Public Storage on Monday posted a new all-time high of $147.53 and closed up 0.49%. TrendSpotter has been long since June 26 at $140.05. Public Storage, with a market cap of $24 billion, is a real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities.

psa_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy


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
View Past Chart of the Day Reports

Barchart Moring Call 7/16


Barchart Morning Call
Overnight Developments
  • Sep E-mini S&Ps are trading mildly higher by +0.35% and European stocks are up +0.42% as the markets are hoping for any hints of further stimulus measures by Fed Chairman Bernanke in his testimony today. The European stock market was able to shake off today's generally negative Eurozone and German ZEW sentiment reports. Commodity prices are mixed with crude oil up +0.15%, gold up +0.09%, copper up +0.14%, and agricultural prices trading mostly lower. The dollar index is little changed while EUR/USD is slightly higher by +0.10%. Sep 10-year T-notes are down 3 ticks.
  • Asian stocks today closed higher across the board: Japan +0.35%, Hong Kong +1.75%, China +0.60%, Taiwan +0.52%, Australia +0.87%, Singapore +0.54%, South Korea +0.33%, India +0.01%, Turkey +0.01%.
  • Goldman Sachs this morning reported Q2 earnings at $1.78 per share, substantially higher than the consensus of $1.18.
  • China will boost its railway infrastructure investment by 9% to 448.3 billion yuan ($70.3 billion) this year, up from the previous plan of 411.3 billion. Spending was only 148.7 billion yuan in the first half of 2012, meaning investment needs to roughly double in the second half to meet the full-year target. The Chinese government reported today that foreign direct investment in June fell -6.9% y/y, which was a disappointing sign that foreign businesses have reduced their investment in Chinese assets. The markets are hoping that the Chinese government after Wednesday's State Council meeting may announce additional stimulus measures.
  • Spain today successfully auctioned 2.6 billion euros of 1-year bills at an average yield of 3.918%, which was substantially lower than 5.074% at the last auction in June. The bid cover ratio of 2.23 was higher than the June auction of 2.16.
  • The German July ZEW current situation index fell sharply to 21.1 from 33.2 in June and was weaker than market expectations of 30.0. The July index of investor and analyst expectations fell to -19.6 from -16.9 in June but was a bit stronger than market expectations for a dip to -20.0. The index measures expectations for economic conditions in six months. For the Eurozone as a whole, the ZEW July index of investor and analyst expectations fell to -22.3 from -20.1 in June.
  • The UK June CPI eased to +2.4% y/y from +2.8% in May and was weaker than market expectations while the June core CPI eased to +2.1% from +2.2%. The lower CPI figures give the Bank of England more cover as it restarted its quantitative easing program at its meeting at the beginning of July.
    Market Comments
    • Sep E-mini S&Ps this morning are trading +4.75 (+0.35%) as the market hopes that Fed Chairman Bernanke at his testimony today before the Senate Banking Committee will hint at further stimulus measures. The market is also looking ahead to a raft of earnings reports today. Stocks on Monday closed mildly lower: S&P 500 -0.23%, Dow Jones -0.39%, Nasdaq 100 -0.31%. Bearish factors included (1) the weaker-than-expected U.S. June retail sales report of -0.5%, (2) the IMF's cut in its global economic forecast to +3.9% from its April forecast of +4.1%, (3) the delay until September in a preliminary ruling by the German Federal Constitutional Court on the ESM bailout facility, and (3) China Premier Wen Jiabao's comment on Sunday said that "It should be clearly understood that the momentum for a stable rebound in the economy has not yet been established." Supportive factors included (1) the July NY Empire manufacturing index of +5.10 points to 7.39, which was stronger than market expectations for a rise to 4.00, and (2) Citigroup's +0.6% rally on a better-than-expected Q2 earnings report.
    • Sep 10-year T-notes this morning are down 3 ticks on the mildly higher trade in U.S. and European stocks. Sep 10-year T-note prices on Monday closed mildly higher: TYU2 +8.5, FVU2 +6. T-note prices rallied on increased safe-haven demand with the sell-off in stocks and the delay in the ESM bailout fund.
    • The dollar index this morning is little changed at -0.01 at 83.088. EUR/USD is up +0.0012 (+0.10%) and USD/JPY is up +0.18 (+0.23%). The dollar index on Monday closed moderately lower: Dollar index -0.21 (-0.26%), EUR/USD +0.0024 (+0.20%), USD/JPY -0.31 (-0.39%). The dollar index fell on Monday on long liquidation pressure after the 2-week rally, shaking off the bullish factors of the sell-off in stocks and the delay in the ESM. The German Federal Constitutional Court announced that it will not issue even a preliminary ruling on the constitutionality of the ESM and the fiscal pact until September. That will leave the Eurozone limping along with only its temporary EFSF bailout facility until at least September.
    • Aug WTI crude oil prices this morning are up +0.13 (+0.15%) on the higher trade in U.S. and European stocks, hopes for stimulus hints from Fed Chairman Bernanke today, and expectations for a decline in oil inventories in Wednesday's weekly DOE report. Aug gasoline this morning is up up +0.0201 (+0.70%). Crude oil and gasoline prices on Monday rallied fairly sharply: CLQ2 +1.33 (+1.153%), RBQ2 +0.0386 (+1.37%). Aug gasoline prices on Monday posted a new 2-month high and led crude oil prices higher. Bullish factors included (1) technical buying, (2) news that a U.S. Navy vessel near the Strait of Hormuz fired on a fishing vessel that approached at high speed and refused to stop, (3) tightening sanctions on Iran, and (4) expectations for a sustained draw-down in U.S. crude oil inventories with U.S. refineries operating in high gear. The market consensus for Wednesday's DOE report is for a 750,000 barrel decline in crude oil inventories, a 1.1 million barrel increase in gasoline inventories, a 1 million barrel increase in distillate inventories, and a 0.4 point increase in the refinery utilization rate to a new 5-year high of 93.1% of capacity from 92.7% in last week's 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 (ranked by market cap): JNJ-Johnson & Johnson (Consensus $1.29), KO-Coca-Cola (1.19), INTC-Intel (0.54), GS-Goldman Sachs (1.18), CSX-CSX Corp (0.47), MOS-Mosaic (1.15), STT-State Street (0.97), YHOO-Yahoo (0.23), SCHW-Schwab (0.18), OMC-Omnicom (1.01), HST-Host Hotels (0.13), MAT-Mattel (0.21), MTB-M&T Bank (1.69), FIS-Fidelity National (0.60), WYNN-Wynn Resorts (1.51), FRX-Forest Labs (0.26), AMTD-TD Ameritrade (0.26), KSU-Kansas City Southern (0.83), CMA-Comerica (0.62), ALB-Albemarle (1.22), EDU-New Oriental (0.14), CZZ-Cosan (0.13), URI-United Rentals (0.50), Equity Lifestyle (0.21).
      Global Financial Calendar
      Tuesday 7/17/12
      United States
      0745 ET ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
      0830 ET June CPI expected unchanged m/m and +1.6% y/y, May -0.3% m/m and +1.7% y/y. June core CPI expected +0.2% m/m and +2.2% y/y, May +0.2% m/m and +2.3% y/y.
      0855 ET Redbook weekly retailer sales.
      0915 ET June industrial production expected +0.3% m/m, May -0.1% m/m. June manufacturing production, May -0.4% m/m. June capacity utilization expected +0.2 to 79.2%, May -0.2 to 79.0%.
      1000 ET Fed Chairman Bernanke delivers semi-annual monetary policy report to Senate Banking Committee.
      1000 ET July NAHB housing market index expected +1 to 30, June +1 to 29.
      1315 ET Fed's Pianalto speaks on U.S. economy in Erie, PA.
      1130 ET Weekly 4-week T-bill auction.
      1630 ET API weekly U.S. oil statistics.
      Canada
      0900 ET Bank of Canada announces outcome of policy meeting with policy rate expected unchanged at 1.0%.
      Euro-Zone
      0200 ET EU27 June new car registrations, May -8.7%.
      0500 ET ZEW July economic sentiment index, June -20.1.
      Germany
      0500 ET German July ZEW current situation index expected 30.0, June 33.2. July ZEW economic sentiment index expected -20, June -16.9.
      United Kingdom
      0430 ET UK May ONS house price index, April +1.4% y/y.
      0430 ET UK June CPI expected -0.1% m/m and +2.8% y/y, May -0.1% m/m and +2.8% y/y. June core CPI expected +2.5% y/y, May +2.2% y/y.
      0430 ET June RPI expected unch m/m and +3.0% y/y, May unch m/m and +3.1% y/y. June RPI ex mortgage interest payments expected +3.1% y/y, May +3.1% y/y.
      CHI
      2130 ET China June property prices.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Monday, July 16, 2012

Growth stocks moving Up Now

This afternoon I used Barchart to screen a list of stocks having projections of double digit increases in sales, earnings and total return to find those with current momentum and found Healthcare Services (HCSG), Strum Ruger (RGR) and Target (TGT).  These are hourly trading charts for the last month.

Healthcare Services (HCSG)


Barchart technical indicators:
  • 56% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 8.33% in the last month
  • Relative Strength Index 72.24%
  • Barchart computes a technical support level at 21.00
  • Recently traded at 22.04 with a 50 day moving average of 19.78
Strum Ruger (RGR)


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 22.00% in the last month
  • Relative Strength Index 67.27%
  • Barchart computes a technical support level at 40.33
  • Recenlty traded at 43.05 with a 50 day moving average of 40.73
Target (TGT)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and100 day moving averages
  • 7 new highs and up 5.81% in the last month
  • Relative Strength Index 74.30%
  • Barchart computes a technical support level at 58.92
  • Recently traded at 61.89 with a 50 day moving average of 57.51








3 Large Caps with Momentum

This morning I used Barchart to screen the S & P 500 Large Cap Index stocks to find the 3 with the most steady momentum and found Wells Fargo (WFC), Visa (V), and Urban Outfitters (URBN) .  These are hourly trading charts for the last month:

Wells Fargo (WFC)


Barchart technical indicators:
  • 88% Barhcart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 6 new highs and up 5.02% in the last month
  • Relative Strength Index 62.78%
  • Barchart computes a technical support level at 32.21
  • Recently traded at 34.14 with a 50 day moving average of 32.30
Visa (V)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above  its 20, 50 and 100 day moving averages
  • 9 new highs and up 8.32% in the last month
  • Relative Strength Index 62.32%
  • Barchart computes a technical support level at 121.14
  • Recently traded at 128.96 with a 50 day moving average of 119.48
Urban Outfitters (URBN)


Barchart technical indicators:
  • 72% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 4 new highs and up 5.38% in the last month
  • Relative Strength Index 60.88%
  • Barchart computes a technical support level at 27.97
  • Recently traded at 29.00 with a 50 day moving average of 27.50









Barchart Morning Call 7/16


Barchart Morning Call
Overnight Developments
  • Sep E-mini S&Ps are trading slightly lower by -0.18% and the Euro Stoxx 50 is down -0.24% after news that the operation of the Eurozone ESM permanent bailout will be delayed until at least September 12 due to a delay by the German Constitutional Court. Stock prices are also being pressure by negative comments on the economy by the Chinese Premier. Commodity prices are mixed with crude oil down -0.46%, gold down -0.44%, copper down -0.76%, and agricultural prices trading mostly higher. Corn prices are sharply higher by 4.29% this morning as the hot and dry weather continues. The dollar index is up +0.28%. Sep 10-year T-notes are up 4 ticks.
  • Asian stocks today closed mixed: Hong Kong +0.15%, China -2.08%, Taiwan -0.20%, Australia +0.56%, Singapore +0.11%, South Korea +0.26%, India -0.64%, Turkey -0.09%. Chinese stocks fell on worries about slower economic growth and earnings.
  • China's Premier Wen Jiabao on Sunday said that "It should be clearly understood that the momentum for a stable rebound in the economy has not yet been established." The China Securities Journal reported that stimulus measures may be announced after a State Council meeting on Wednesday. China reported last Thursday night that its Q2 GDP fell to a 3-year low of +7.6% from +8.1% in Q1.
  • Germany's Federal Constitutional Court announced today that it will rule on the constitutionality of the ESM permanent bailout fund and the fiscal pact on September 12, meaning the ESM will be delayed from going into operation by at least two months. Moreover, that will only be a preliminary decision on whether to allow the ESM and the fiscal pact to go into effect while it deliberates on a final decision, which may not occur until late this year. The Eurozone still has the temporary EFSF to rely upon to provide bailout funds, but the delay in getting the ESM operational substantially raises the risks of the Eurozone unraveling.
  • The June Eurozone CPI of -0.1% m/m and +2.4% y/y was in line with market expectations, while the June core CPI rose by the expected +1.6% y/y.
  • The May Eurozone trade balance (seasonally adjusted) rose to 6.3 billion euros from April's revised 4.5 billion euros and was wider than market expectations of 5.0 billion euros.
    Market Comments
    • Sep E-mini S&Ps this morning are trading slightly lower by -2.50 points (-0.18%) due to the delay by the German Constitutional Court on its ESM ruling and on today's 2.08% sell-off in Chinese stocks. The stock market is mainly looking ahead to the semi-annual testimony by Fed Chairman Bernanke on Tuesday and Wednesday. The US stock market on Friday closed sharply higher: S&P 500 +1.65%, Dow Jones +1.62%, Nasdaq 100 +1.56%. Stocks rallied on Friday on technical buying and on the Q2 Chinese GDP report of a 3-year low of +7.6%, which was slightly below market expectations and sparked hopes for more aggressive Chinese economic stimulus. The banking sector received a boost from JPMorgan's Q2 results, which were better than feared. The market was able to shake off the 1.2 point decline to 72.0 in the U.S. consumer confidence index from the University of Michigan, which was weaker than market expectations of +0.3 to 72.5.
    • Sep 10-year T-notes this morning are up 4 ticks on the increased uncertainty about the ESM and the Eurozone debt crisis and on this morning's slightly lower trade in Sep E-mini S&Ps. Sep 10-year T-note prices on Friday closed mildly lower: TYU2 -3.5, FVU2 unch. T-note prices fell on reduced safe-haven demand with the sharp rally in stocks.
    • The dollar index this morning is trading up +0.23 points on increased safe-haven demand while EUR/USD is down -0.0063 (-0.51%) on the delay in the ESM ruling by the German Constitutional Court. USD/JPY is down -0.18 (-0.23%). The dollar index on Friday closed moderately lower: Dollar index -0.31 (-0.37%), EUR/USD +0.0046 (+0.38%), USD/JPY -0.13 (-0.16%). The dollar index lost ground on reduced safe-haven demand with the sharp rally in U.S. and European stocks. The Euro Stoxx 50 index last Friday closed up 1.39%. The 10-year Spanish bond yield closed last week down 29 bp at 6.62%, which was supportive for EUR/USD.
    • Aug WTI crude oil prices this morning are down -0.40 (-0.46%) on the higher dollar, the lower trade in Sep E-mini S&Ps, and the negative comments by Chinese Premier Wen Jiabao. Aug gasoline is slightly higher by +0.0015 (+0.05%). Crude oil and gasoline prices on Friday closed higher: CLQ2 +1.02 (+1.18%), RBQ2 +0.0099 (+0.35%). Bullish factors on Friday included (1) the sharp rally in U.S. and European stocks, which reflected improved economic sentiment, (2) hopes for Chinese economic stimulus to combat the 3-year low in the Chinese Q2 GDP rate of +7.6%, (3) expectations for a continued decline in U.S. oil inventories with U.S. refineries operating at a very high 92.7% of capacity, and (4) continued support from last Thursday's news that Obama administration slapped sanctions on more of Iran's companies that are involved in oil and weapons sales.
    • 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 (ranked by market cap): Citigroup (Consensus $0.89), JBHT-Hunt Transportation (0.66), CTAS-Cintas (0.60), BRO-Brown & Brown (0.31), GCI- Gannett (0.53).
      Global Financial Calendar
      Monday 7/16/12
      United States
      0830 ET July Empire manufacturing index expected +1.71 to 4.0, June -14.80 to 2.29.
      0830 ET June retail sales expected +0.2% mm, May -0.2% m/m. June retail sales ex-autos expected unchanged, May -0.4% m/m ex-autos. June retail sales ex auto and gas, May -0.1% m/m.
      1000 ET May business inventories expected +0.2%, Apr +0.4%.
      1000 ET IMF releases updates to global growth forecasts.
      1100 ET USDA weekly grain export inspections.
      1130 ET Weekly 3-mo and 6-mo T-bill auctions.
      1600 ET USDA Crop Progress
      1930 ET Fed's George speaks on monetary policy.
      Japan
      n/a Marine Day holiday.
      Euro-Zone
      0500 ET Eurozone June CPI is expected unch m/m and +2.4% y/y, May -0.1%. June core CPI is expected +1.6% y/y, May -1.6% y/y.
      0500 ET Eurozone May trade balance (sa) expected 5.0 bln euros, April 6.2 bln euros.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Torchmark - TMK - Barchart Chart of the Day


Barchart.coms Chart of the Day - Torchmark Corp (TMK)
Related Stocks
TMK - Torchmark Corp.
Sym Last Chg Pct
TMK 51.80 -0.10 -0.19%
The "Chart of the Day" is Torchmark Corp (TMK), which showed up on Friday's Barchart "All-Time High" list. Torchmark on Friday posted a new all-time high of $51.90 and closed up 2.29%. TrendSpotter has been long since June 18 at $49.26. In recent news on the stock, Torchmark on April 24 reported Q1 EPS of $1.37 versus the consensus of $1.28. Sterne Agee on April 26 upgraded Torchmark to Neutral from Underperform on improving fundamentals and valuation and raised its target to $56. Torchmark Corp, with a market cap of $5 billion, is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies.

tmk_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: 33% Buy
  • Overall Average 80% Buy


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