Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2012-07-29

Saturday, August 4, 2012

Exxon Mobil

Good story: http://www.thestreet.com/story/11651886/1/exxon-keeps-pumping.html

Friday, August 3, 2012

This morning I used Barchart to screen for the stock that had the most daily upticks in the last month and found Collective Brands (PSS), Magellan Midstream Partners (MMP) and OilTanking Partners (OILT). These are hourly trading chart over the last month:

Collective Brands (PSS)

Barchart technical indicators:

64% Barhcart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
17 new highs and up .56% in the last month
Relative Strength Index 62.34%
Barchart computes a technical support level at 21.37
Recenlty traded at 21.58 with a 50 day moving average of 21.39

Magellan Midstream Partners (MMP)

Barchart technical indicators:

96% Barhcart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
16 new highs and up 9.88% in the last month
Relative Strength Index 72.91%
Barchart computes a technical support level at 77.88
Recently traded at 78.84 with a 50 day moving average of 71.63

OilTanking Partners (OILT)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving average
15 new highs and up 9.53% in the last month
Relative Strength Index 69.95%
Barchart computes a technical support level at 33.16
Recently traded at 34.25 with a 50 day moving average of 31.32

Barchart Morning Call 8/3

Barchart Morning Call

BC - 1 hr 10 mins ago

Overnight Developments

Sep E-mini S&Ps this morning are up by +0.95% and European stocks are up with the Euro Stoxx 50 up +2.62%. EUR/USD is up +0.85% and the dollar index is down -0.72% before this morning's U.S. July nonfarm payrolls report. Italian and Spanish government bonds rebounded following Thursday's rout with the 10-year Italian yield down -22 bp to 6.068% and Spain's 10-year yield down -17 bp to 6.91% as it falls back below the critical 7.00% yield level. Commodity prices are mostly higher with crude oil up +1.31% and copper up +0.64%. Agricultural prices are mostly weaker with Dec corn down -0.60% and Nov soybeans down -0.15%. Sep T-notes are down -9.5 ticks.
Asian stocks today closed mostly lower: Japan -1.13%, Hong Kong -0.12%, China +0.81%, Australia -1.13%, South Korea -1.25%, India -0.15%. Chinese stocks finished higher following a cut in transaction fees on share trading after the Asian markets closed yesterday.
European and U.S. stocks gained, the EUR/USD rose and Italian and Spanish government bond yields fell after ECB Council member and Bank of Finland President Liikanen said "the euro is irreversible" and the ECB will take control and cool market turmoil once it completes details of a new bond purchasing program. He added that the size of the new program would be "adequate to reach its objective" of lowering Italian and Spanish borrowing costs.
German final-July services PMI was unexpectedly revised up by +0.6 to 50.3 from the originally reported 49.7.
Euro-Zone final-July composite PMI was unexpectedly revised higher by +0.1 to 46.5 from the originally reported 46.4.
Euro-Zone June retail sales unexpectedly rose +0.1 m/m and fell -1.2% y/y, stronger than expectations of -0.1% m/m and -1.9% y/y.
U.K. July services PMI unexpectedly fell -0.3 to 51.0, weaker than expectations of +0.3 to 51.6.
China's July non-manufacturing PMI fell -1.1 to 55.6.

In a quarterly report released today, the PBOC said it will keep pursuing a "prudent" monetary policy and that it will conduct "policy fine-tuning" at an appropriate time and consumer inflation may rebound after August, which suggests the PBOC may be slow to ease policy.
Market Comments

Sep E-mini S&Ps this morning are up +13.00 points (+0.95%) after comments from ECB Council member Liikanen fueled a rally in EUR/USD and helped push down Spanish and Italian government bond yields. The U.S. stock market Thursday tumbled throughout the day and finished lower on concern the European debt crisis will drag on when ECB President Draghi failed to take immediate steps to alleviate the crisis: S&P 500 -0.75%, Dow Jones -0.71%, Nasdaq 100 -0.36%. Other negatives included the rise in 10-year Spanish bond yields above the critical 7.00% yield level and the unexpected decline in June U.S. factory orders.
Sep 10-year T-notes this morning are down -9.5 ticks on reduced safe-haven demand as equities rally. Sep 10-year T-note prices on Thursday rallied and settled higher on increased safe-haven demand after global stocks plunged when the ECB failed to take immediate action to support the economy or combat the debt crisis: TYU2 +15, FVU2 +4.7. An unexpected drop in June U.S. factory orders and a surge in Spanish and Italian government bond yields also lent support to Treasuries.
The dollar index this morning is weaker with EUR/USD +0.85% and USD/JPY +0.03%. The dollar index on Thursday bounced off of a 4-week low and closed higher as inaction by the ECB on the European debt crisis fueled a sell-off in global stocks and increased the safe-haven demand for the dollar: Dollar index +0.303 (+0.36%), EUR/USD -0.00456 (-0.37%), USD/JPY -0.203 (-0.26%).
Sep WTI crude oil prices this morning are up +$1.14 a barrel (+1.31%). Sep gasoline is down -0.0013 (-0.05%) cents per gallon . Crude oil and gasoline prices Thursday settled mixed as refinery outages across the U.S. boosted gasoline on supply concerns while crude closed lower on concern that inaction by the ECB on the European debt crisis will prolong the crisis and weaken energy demand: CLU2 -1.78 (-2.00%), RBU2 +0.0354 (+1.25%). A stronger dollar and an unexpected fall in June U.S. factory orders were additional negatives for crude prices.

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): PG-Procter & Gamble (Consensus $0.77), VIAB-Viacom/B (1.00), ED-Consolidated Edison (0.59), NYX-NYSE Euronext (0.50), Y-Alleghany (6.83), LNT-Alliant Energy (0.47), BPL-Buckeye Partners LP (0.66), WCRX-Warner Chilcott PLC (0.80), IT-Gartner (0.41), DRC-Dresser-Rand Group (0.49), USM-US Cellular (0.72), NNN-National Retail Properties (0.25), WCG-WellCare Health Plans (1.21), MSG-Madison Square Garden (0.20), TDS-Telephone & Data Systems (0.45), SIRO-Sirona Dental Systems (0.77).
Global Financial Calendar

Friday 8/3/12
United States
0830 ET	July non-farm payrolls expected +100,000, June +80,000. July private payrolls expected +110,000, June +84,000. July manufacturing payrolls expected +10,000, June +11,000. July unemployment rate expected unch at 8.2%, June unch at 8.2%.
0830 ET	July average hour earnings expected +0.2% m/m and +1.7% y/y, June +0.3% m/m and +2.0% y/y. July average weekly hours expected unchanged at 34.5 hours, June 34.5 hours.
1000 ET	July ISM non-manufacturing index expected -0.1 to 52.0, June -1.6 to 52.1.
Germany
0355 ET	German final-July services PMI expected unrevised from preliminary 49.7.
Euro-Zone
0400 ET	Eurozone final-July services PMI expected unrevised from preliminary 47.6. Final-July composite PMI expected unrevised from preliminary 46.4.
0500 ET	Eurozone June retail sales expected -0.1% m/m and -1.9% y/y, May +0.6% m/m and -1.7% y/y.
United Kingdom
0430 ET	UK July services PMI expected +0.3 to 51.6, June 51.3.

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

Gilead Sciences - GILD - Barchart Chart of the Day

Barchart.coms Chart of the Day - Gilead Sciences (GILD)

Barchart Research Team - BC - Thu Aug 02, 6:00PM CDT

Related Stocks

GILD - Gilead Sciences

Sym	Last	Chg	Pct
GILD	57.29	+3.66	+6.82%

The "Chart of the Day" is Gilead Sciences (GILD), which showed up on Thursday's Barchart "All-Time High" list. Gilead gapped higher on Thursday, posted an all-time high of $58.84 and closed up +6.82%. TrendSpotter has been long Gilead since June 27 at $51.25. Gilead surged Thursday after rival drugmaker Bristol-Myers suspended a study of one of its hepatitis C drug candidates after at least one patient suffered heart failure. Bristol-Myers has been in a race with Gilead to develop the next generation of hepatitis C treatments, according to Bernstein analyst Dr. Tim Anderson. Gilead bought hepatitis C drug developer Pharmasset in January for $11.1 billion. The deal gave it several experimental hepatitis treatments, including one labeled GS-7977 that many analysts see as promising. Credit Suisse analyst Catherine Arnold said that because Gilead's GS-7977 isn't associated with major safety issues, investors will view the company's hepatitis C program more positively. Gilead Sciences with a market cap of $41.1 billion, is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. They have a broad-based focus on developing and marketing drugs to treat patients with infectious diseases, including viral infections, fungal infections and bacterial infections, and a specialized focus on cancer.

gild_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:

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Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
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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

Thursday, August 2, 2012

3 NASDAQ 100 stocks with Great Technicals

This morning I used Barchart to screen the NASDAQ 100 stocks to find 3 with great technicals and found Vodafone Group (VOD), Comcast (CMCSA) and Yahoo! (YHOO):

Vodafone Group (VOD)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
7 new highs and up 4.47% in the last month
Relative Strength Index 65.27%
Barchart computes a technical support level at 29.18
Recently traded at 29.44 with a 50 day moving average of 27.78

Comcast (CMCSA)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
3 new highs and up 4.94% in the last month
Relative Strength Index 70.12%
Barchart computes a technical support level at 33.16
Recently traded at 33.55 with a 50 day moving average of 30.87

Yahoo! (YHOO)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
4 new highs and up 1.01% in the last month
Relative Strength Index 56.86%
Barchart computes a technical support level at 15.72
Recently traded at 15.99 with a 50 day moving average of 15.57

Barchart Morning Call 8/2

Barchart Morning Call

BC - 1 hr 8 mins ago

Overnight Developments

Sep E-mini S&Ps this morning are up by +0.40% and European stocks are up with the Euro Stoxx 50 up 0.52%. EUR/USD is up +0.29% and the dollar index weakened -0.25% before this morning's policy statement from the ECB. Commodity prices are mixed with crude oil up +0.29% and copper down -0.50%. Agricultural prices are lower on with Dec corn down -0.59% and Nov soybeans down -0.74%. Sep T-notes are up +5.5 ticks.
Asian stocks today closed mixed: Japan +0.13%, Hong Kong -0.66%, China -1.01%, Australia +0.16%, South Korea -0.68%, India -0.19%.
As expected, the BOE maintained its benchmark rate at 0.50% and held its asset purchase plan at 375 billion pounds.
Spanish 10-year bond yields fell -9 bp to 6.56% after the government sold 3.13 billion euros of 10-year debt, which exceeded its target sale of 3 billion euros.
Euro-Zone producer price inflation slowed after the Euro-Zone June PPI fell -0.5% m/m and rose +1.8% y/y, weaker than expectations of -0.4% m/m and +1.9% y/y with the +1.8% y/y gain the smallest annual increase in 2-1/4 years.
U.K. July construction PMI climbed +2.7 to 50.9, stronger than expectations of +0.5 to 48.7.

China's Securities Regulatory Commission cut transaction fees on yuan-denominated stocks traded in Shanghai and Shenzhen for a third time this year in an attempt to bolster investor sentiment amid sagging stock prices.
Market Comments

Sep E-mini S&Ps this morning are . The U.S. stock market Wednesday traded higher into early afternoon and then moved lower after the FOMC announcement and finished with moderate losses on disappointment the Fed refrained from more stimulus: S&P 500 -0.29%, Dow Jones -0.25%, Nasdaq 100 -0.28%. An unexpected contraction in the July ISM manufacturing index for a second month and an unexpected decline in the July China PMI manufacturing index fueled global growth concerns and were negative for stocks along with disappointment that the Fed failed to signal additional stimulus measures in its post-FOMC statement.
Sep 10-year T-notes this morning are . Sep 10-year T-note prices on Wednesday traded lower until the early afternoon post-FOMC statement when they whipsawed up to unchanged and then sold-off into the close on disappointment the Fed failed to provide additional stimulus measures: TYU2 -16, FVU2 -7.5. Losses in T-note prices were limited on global growth concerns after July China and U.S. manufacturing activity rose less than expected.
The dollar index this morning is with EUR/USD % and USD/JPY %. The dollar index on Wednesday shook off early losses and closed higher after the Fed refrained from further steps to stimulate economic growth: Dollar index +0.423 (+0.51%), EUR/USD +0.00018 (+0.01%), USD/JPY -0.011 (-0.01%).
Sep WTI crude oil prices this morning are a barrel . Sep gasoline is cents per gallon. Crude oil and gasoline prices Wednesday closed higher after weekly U.S. crude inventories fell -6.52 million bbl to a 3-month low, more than expectations of -1.0 million bbl, and as weekly gasoline supplies unexpectedly contracted -2.17 million bbl, weaker than expectations of a +500,000 bbl build: CLU2 +0.59 (+0.67%), RBU2 +0.0599 (+2.16%). Limiting gains in energy prices were the weaker-than-expected July manufacturing data from China and the U.S., the world's two biggest crude consumers, which suggests uneven economic strength that may crimp energy demand.

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): KFT-Kraft Foods (Consensus $0.66), AIG-American International Group (0.60), DUK-Duke Energy (0.97), APA-Apache (2.54), DTV-DirecTV (1.14), GM-General Motors (0.75), PSA-Public Storage (0.95), TWC-Time Warner Cable (1.38), CBS-CBS Corp. (0.59), SE-Spectra Energy (0.36), K-Kellog (0.84), SRE-Sempra Energy (0.82), BDX-Becton Dickinson (1.53), CAH-Cardinal Health (0.72), XEL-Xcel Energy (0.36), CI-Cigna (1.42).
Global Financial Calendar

Thursday 8/2/12
United States
0730 ET	July Challenger job cuts, June -9.4% y/y.
0830 ET	Weekly initial unemployment claims expected +17,000 to 370,000, previous -35,000 to 353,000. Weekly continuing claims expected -2,000 to 3.285 mln, previous -30,000 to 3.287 mln.
0830 ET	USDA weekly exports.
0945 ET	July ISM New York manufacturing index, June 49.7.
1000 ET	June factory orders expected +0.5% m/m, May +0.7% m/m.
n/a	July ICSC chain store sales, June +0.2% y/y.
1030 ET	DOE natural gas storage.
1100 ET	Kansas City Fed July manufacturing index, June 3.
1630 ET	Weekly money supply report and Fed balance sheet.
United Kingdom
0430 ET	UK July construction PMI expected +0.5 to 48.7, June 48.2.
0700 ET	BOE policy meeting outcome; base rate expected unchanged at 0.50%, asset purchase target expected unchanged at 375 bln pounds.
Euro-Zone
0500 ET	Eurozone June PPI expected -0.4% m/m and +1.9% y/y, May -0.5% m/m and +2.3% y/y.
0745 ET	ECB policy meeting outcome; refinancing rate expected unchanged at 0.75%.
CHI
2100 ET	China July non-manufacturing PMI (China Federation of Logistics and Purchasing), June +1.5 to 56.7.
2230 ET	China July HSBC services PMI, June -2.4 to 52.3.

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

Reynolds American - RAI - Barchart Chart of the Day

Barchart.coms Chart of the Day - Reynolds American (RAI)

Barchart Research Team - BC - Wed Aug 01, 6:07PM CDT

Related Stocks

RAI - Reynolds American Inc

Sym	Last	Chg	Pct
RAI	46.52	+0.25	+0.54%

The "Chart of the Day" is Reynolds American (RAI), which showed up on Wednesday's Barchart "All-Time High" list. RAI on Wednesday posted a new all-time high of $46.84 and closed up +0.54%. TrendSpotter has been long RAI since June 13 at $41.74. U.S. District Court Judge Richard Leon on Wednesday denied an FDA motion to dismiss a lawsuit by Lorillard Inc. and R.J. Reynolds Tobacco Co. filed last year that alleges financial conflict of interest and bias by several members of the Tobacco Products Scientific Advisory Committees. The suit specifically alleges that some committee members have conflicts of interest because they were paid expert witnesses in anti-tobacco lawsuits and have financial ties to pharmaceutical companies that make smoking-cessation products. Last Tuesday, RAI reported Q2 adjusted earnings of 79 cents per share, beating expectations of 76 cents as the company focuses on cigarette alternatives such as snuff and chewing tobacco for future sales growth as tax hikes, smoking bans, health concerns and social stigma make the cigarette business tougher. Reynolds American with a market cap of $26.6 billion, is the parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J. Reynolds Tobacco Company, the second- largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the United States, including five of the nation's 10 best-selling brands.

rai_700

TrendSpotter: Buy
Short-Term Indicators: 80% Buy
Medium-Term Indicators: 75% Buy
Long-Term Indicators: 100% Buy
Overall Average 88% Buy

Chart of the Day Archive
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Wednesday, August 1, 2012

3 Small Caps with Momentum

Today I used the Barchart screener to sort the S & P 600 Small Cap Index to find 3 with very promising technicals. Barchart makes it so easy. I found Wilshire Bancorp (WIBC), Suncoke Energy (SXC) and Laclede Group (LG):

Wilshire Bancorp (WIBC)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
11 new highs and up 15.90% in the last month
Relative Strength Index 75.79%
Barchart computes a technical support level at 6.11
Recently traded at 6.33 with a 50 day moving average of 5.63

Suncoke Energy (SXC)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 30 and 100 day moving averages
10 new highs and up 12.35% in the last month
Relative Strength Index 67.59%
Barchart computes a technical support level at 15.69
Recently traded at 16.46 with a 50 day moving average of 14.48

Laclede Group

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving average
11 new highs and up 5.40% in the last month
Relative strength Index 72.39%
Barchart computes a technical support level at 41.17
Recently traded at 41.96 with a 50 day moving average of 39.50

Novo Nordisk - NVO - Barchart Chart of the Day

Barchart.coms Chart of the Day - Novo Nordisk A/S (NVO)

Barchart Research Team - BC - Tue Jul 31, 6:24PM CDT

Related Stocks

NVO - Novo Nordisk A/S

Sym	Last	Chg	Pct
NVO	154.54	+1.15	+0.75%

The "Chart of the Day" is Novo Nordisk A/S (NVO), which showed up on Tuesday's Barchart "All-Time High" list. NVO on Tuesday posted a new all-time high of $155.46 and closed up +0.75%. TrendSpotter has been long NVO since July 2 at $147.47. NVO reported on Monday that despite a -5.3% y/y decline in U.S. retail prescriptions in Jun across all drugs, its gross sales of its Victoza drug climbed to an all-time high of $79 million and that its Q2 sales of its Levemir drug rose +35% y/y to $302.6 million. In a company announcement released Monday, NVO said that its share repurchase program that began on May 2 would continue until Aug 7 under which it will repurchase B shares of NVO stock for an amount up to 1.8 billion Danish kroner. Novo Nordisk, with a market capitalization of 89.2 billion kroner, is a global healthcare company with 89 years of innovation and leadership in diabetes care. The company also has leading positions within hemophilia care, growth hormone therapy and hormone replacement therapy. Headquartered in Denmark, Novo Nordisk employs approximately 32,700 employees in 75 countries, and markets its products in 160 countries.

nvo_700_01

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 33% Buy
Overall Average 88% Buy

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

Tuesday, July 31, 2012

Barchart Morning Call 7/31

Barchart Morning Call

BC - Tue Jul 31, 7:00AM CDT

Overnight Developments

Sep E-mini S&Ps this morning are up by +0.18% and European stocks are also higher with the Euro Stoxx 50 up +0.28% at a 3-month high on speculation central banks will do more to support the global economy. The Fed begins a 2-day policy meeting today in Washington. EUR/USD is +% higher and the dollar index is lower. Commodity prices are mostly higher with crude oil up +0.19% and copper up +1.02%. Copper rose after China increased its railway spending for the second time in a month. Agricultural prices are stronger after Monday afternoon's weekly USDA crop conditions report showed the U.S. corn crop deteriorated for the eighth straight week. Dec corn is up +0.74% at a contract high and Nov soybeans are up +1.13% at a 1-week high. Sep T-notes are up +2 ticks.
Asian stocks today closed mostly higher: Japan +0.69%, Hong Kong +1.08%, China -0.12%, Australia +0.55%, South Korea +2.25%, India +0.54%. China's Shanghai Stock Index fell to a 3-1/3 year low on concern China's slowing economy will hurt earnings growth.
German July unemployment rose +7,000, right on expectations, while the German July unemployment rate remained unchanged at 6.8%, also right on expectations.
German Jun retail sales were mixed with the monthly figure unexpectedly falling -0.1% m/m, weaker than expectations of a +0.5% m/m increase, while year-over-year sales climbed +2.9% y/y, stronger than expectations of +0.4% y/y.
The Euro-Zone July CPI estimate rose +2.4% y/y, right on expectations.
The Euro-Zone Jun unemployment rate rose +0.1 to 11.2%, the highest since data began in 1995, but right on expectations.
Japan's Jun jobless rate unexpectedly fell -0.1 to 4.3%, a 9-month low and better than expectations of no change at 4.4%.
Japan Jun overall household spending climbed +1.6% y/y, weaker than expectations of +2.9% y/y.

For a second time this month, China's Ministry of Railways said it will increase spending on China's railroads and bridges this year after it announced plans to spend 470 billion yuan ($74 billion) on projects this year, 4.8% higher than a July 3 projection.
Market Comments

Sep E-mini S&Ps this morning are up 2.50 points (+0.18%). The U.S. stock market on Monday closed lower: S&P 500 -0.05%, Dow Jones -0.02%, Nasdaq 100 -0.19%. The S&P 500 Index fell back from a 2-3/4 month high and finished lower on profit-taking as investors lightened up on some of their long positions ahead of this week's data on U.S. manufacturing and jobs along with the results of the FOMC and ECB policy meetings. Stocks remain buffeted though on hopes the FOMC at its 2-day meeting Tuesday and Wednesday might implement additional easing moves along with the possibility the ECB may ramp up its buying of European sovereign debt to contain the recent surge in government yields.
Sep 10-year T-notes this morning are up +2 ticks. Sep 10-year T-note prices on Monday rebounded from last Friday's sharp losses and closed higher: TYU2 +14, FVU2 +7.2. T-note prices rallied Monday on increased safe-haven demand as stocks faltered along with speculation the ECB may not do enough to stem the European sovereign-debt crisis.
The dollar index this morning is lower with EUR/USD +0.18% and USD/JPY +0.03%. The dollar index on Monday closed higher: Dollar index +0.085 (+0.10%), EUR/USD -0.00014 (-0.01%), USD/JPY -0.07 (-0.01%). EUR/USD weakened on speculation the ECB will expand its balance sheet to stem the rise of European government bond yields, which is negative for the euro. Weaker stock prices also prompted a safe-haven bid for dollar assets although a fall in Spain's 10-year bond yield to a 2-week low limited declines in the euro.
Sep WTI crude oil prices this morning are higher by +17 cents a barrel (+0.19%). Sep gasoline is down -0.0088 (-0.31%). Crude oil and gasoline prices Monday finished mixed as a strong dollar and weak stocks undercut crude but gasoline settled higher on supply concerns after Enbridge Energy Partners shut down an oil pipeline from Superior, Wisconsin into Chicago and refinery outages were reported in the Chicago area at Citgo Petroleum's Lemont, Illinois plant and at BP's Whiting, Indiana refinery: CLU2 -0.35 (-0.39%), RBU2 +0.0217 (+0.78%).

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): PFE-Pfizer (Consensus $0.54), SCCO-Southern Copper (0.62), TYC-Tyco International Ltd. (0.93), HCP-HCP Inc. (0.47), ECL-Ecolab (0.72), DISCA-Discovery Communications (0.70), ADM-Archer-Daniels Midland (0.61), COH-Coach (0.85), CMI-Cummins (2.38), PEG-Public Service Enterprise Group (0.45), ALL-Allstate (0.52), MPC-Marathon Petroleum (2.51), EIX-Edison International (0.32), VLO-Valero Energy (1.43), ETR-Entergy (1.62), AET-Aetna (1.25).
Global Financial Calendar

Tuesday 7/31/12
United States
0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
0830 ET	Q2 employment cost index expected +0.5%, Q1 +0.4%.
0830 ET	June personal income expected +0.4%, May +0.2% m/m. June personal spending expected +0.1% m/m, May unch m/m.
0830 ET	June PCE deflator expected unch m/m and +1.7% y/y, May -0.2% m/m and +1.5% y/y. June PCE core deflator expected +0.2% m/m and +1.8% y/y, May +0.1% m/m and +1.8% y/y.
0855 ET	Redbook weekly retailer sales.
0900 ET	May S&P/Case-Shiller 20-city composite home price index expected +0.4% m/m and -1.5% y/y, Apr +0.67% m/m and -1.9% y/y.
0945 ET	July Chicago purchasing managers index expected -0.4 to 52.5, June +0.2 to 52.9.
1000 ET	July U.S. consumer confidence (Conference Board) expected -0.6 to 61.4, June -2.4 to 62.0.
1130 ET	Weekly 4-week T-bill auction.
1630 ET	API weekly U.S. oil statistics.
Japan
0100 ET	Japan June construction orders, May -0.9% y/y. June annualized housing starts expected 916,00, May 903,000. June housing starts expected +9.4% y/y, May +9.3% y/y.
Germany
0200 ET	German June retail sales expected +0.5% m/m and +0.4% y/y, May -0.3% m/m and -1.1% y/y.
0355 ET	German July unemployment rate expected unch at 6.8%, June 6.8%. July unemployment change expected +7,000, June +7,000.
Euro-Zone
0500 ET	Eurozone July CPI estimate expected +2.4% y/y, June +2.4% y/y.
0500 ET	Eurozone June unemployment rate expected 11.2%, May 11.1%.
United Kingdom
1901 ET	UK July BRC Shop Price index, June +1.1% y/y.
CHI
2100 ET	China July manufacturing PMI (China Federation of Logistics and Purchasing) expected +0.2 to 50.4, June -0.2 to 50.2.
2230 ET	China July HSBC manufacturing PMI expected near flash report of +1.3 to 49.5, June -0.2 to 48.2.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.1

Colgate-Palmolive - CL - Barchart's Chart of the Dat

Barchart.com's Chart of the Day - Colgate-Palmolive (CL)

Barchart Research Team - BC - Mon Jul 30, 6:53PM CDT

Related Stocks

CL - Colgate-Palmolive Company

Sym	Last	Chg	Pct
CL	107.26	-0.21	-0.20%

The "Chart of the Day" is Colgate-Palmolive (CL), which showed up on Monday's Barchart "All-Time High" list. CL on Monday posted a new all-time high of $108.50 and closed up +0.28%. TrendSpotter has been long CL since last Thursday at $106.38. Last Friday, Fitch Ratings affirmed Colgate-Palmolive's Long-Term Issuer Default Rating (IDR) at "AA-" and said the ratings reflect the company's scale with approximately $17 billion in revenues at the last 12 months ended June 30, 2012, leading market shares, consistently strong operating performance, and considerable liquidity. Colgate's EBITDA margins of 26% are in the top tier of large personal care manufacturers and Colgate is one of the most geographically diversified consumer products companies, generating more than 80% of its revenues outside the United States. Colgate-Palmolive, with a market cap of $50.8 billion, is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Colgate sells its products in countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as Hill's Science Diet and Hill's Prescription Diet pet foods.

cl_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

Harbinger, Novavax,Tiii Network Technologies,Kimball Intl buy signals

This morning I used Barchart to screen all the stocks that are trading below $10 per share to find those with the most frequent new highs in the last month. I added to the Barchart Van Meerten Speculative portfolio Harbinger Group (HRG), Novavax (NVAX), TII Network Technologies (TIII) and Kimball International (KBALB)

Harbinger Group (HRG)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
16 new highs and up 23.11% in the last month
Relative Strength Index 81.54%
Barchart computes a technical support level at 9.34
Recently traded at 9.59 with a 50 day moving average of 7.02

Novavax (NVAX)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving average
14 new highs and up 38.46% in the last month
Relative Strength Index 65.60%
Barchart computes a technical support level at 2.04
Recently traded at 2.16 with a 50 day moving average of 1.58

TII Network Technologies (TIII)

Barchart technical indicators:

64% Barchart technical buy signal
Trend spotter buy signal
Trading above its 20, 50 and 100 day moving averages
14 new highs and up .94% in the last month
Relative Strength Index 66.94%
Barchart computes a technical support level at 2.12
Recently traded at 2.14 with a 50 day moving average of 2.11

Kimball International (KBALB)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
14 new highs and up 23.12% in the last month
Relative Strength Index 80.27%
Barchart computes a technical support level at 8.97
Recently traded at 9.48 with a 50 day moving average of 7.88

Monday, July 30, 2012

3 Growth Stocks with Great Technicals

This morning I used Barchart to screen a list of stocks having analysts' projections of at least 10% growth in sales and earning for the next 5 years out to find those with the best current technicals and charts and found RPC (RES), Cabot Oil & Gas (COG) and Rollins (ROL)

RPC (RES)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
7 new highs and up 16.48% in the last month
Relative strength Index 72.84%
Barchart computes a technical support level at 12.95
Recently traded at 13.85 with a 50 day moving average of 11.24

Cabot Oil & Gas (COG)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
9 new highs and up 7.44% in the last month
Relative Strength Index 65.97%
Barchart computes a technical support level at 40.89
Recently traded at 42.42 with a 50 day moving average of 39.06

Rollins (ROL)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
12 new highs and up 5.90% in the last month
Relative Strength Index 66.91%
Barchart computes a technical support level at 23.12
Recently traded at 23.69 with a 50 day moving average of 22.01

5 Solid Large Caps

This morning I used Barchart to screen the S & P 500 Large Cap Stock Index to find the 3 stocks with great technicals and charts and found Yahoo! (YHOO), Xcel Energy (XEL) and Wal-Mart Stores (WMT)

Yahoo! (YHOO)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
4 new highs and up 1.64% in the last month
Relative Strength Index 60.65%
Barchart computes a technical support level at 15.71
Recently traded at 16.09 with a 50 day moving average of 15.85

Xcel Energy (XEL)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
9 new highs and up 4.01% in the last month
Relative Strength Index 67.72%
Barchart computes a technical support level at 29.11
Recently traded at 29.57 with a 50 day moving average of 28.44

Wal-Mart Stores (WMT)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
12 new highs and up 7.54% in the last month
Relative Strength Index 75.07%
Barchart computes a technical support level at 73.36
Recently traded at 75.00 with a 50 day moving average of 68.90

Barchart Morning Call 7/30

Barchart Morning Call

BC - Mon Jul 30, 7:00AM CDT

Overnight Developments

Sep E-mini S&Ps this morning are down by -0.24%, led by a fall in bank stocks after Deutsche Bank cut its recommendation on JPMorgan Chase to hold from buy. European stocks however, are higher with the Euro Stoxx 50 up +0.96% at a 2-3/4 month high on speculation the ECB will take action to ease Europe's debt crisis. EUR/USD is -0.42% lower and the dollar index is higher. Commodity prices are mostly higher with crude oil up +0.02% and copper down -0.02%. Agriculture prices surged with Dec corn up +2.71% at a record high and Nov soybeans up +2.58% as the drought persists in the U.S. Midwest. Sep T-notes are down -1.5 ticks.
Asian stocks today closed mostly higher: Japan +0.80%, Hong Kong +1.61%, China -0.57%, Australia +0.85%, South Korea +0.97%, India +1.81%. China's Shanghai Stock Index fell to a 3-1/3 year low on concern China's slowing economy will crimp earnings growth.
Spain's 10-year government bond yield fell 15 bp to a 2-week low of 6.59% and the cost of the Markit iTraxx SovX Western European Index of credit-default swaps to insure the sovereign debts of 15 European governments fell 6 bp to a 4-1/2 month low 259 on speculation the ECB will resume bond buying of European sovereign debt to contain borrowing costs. ECB President Draghi meets U.S. Treasury Secretary Geithner in Frankfurt later today as they attempt to garner the support of Bundesbank President Weidman, a critic of ECB bond purchases.
Euro-Zone July business confidence fell to -1.27, weaker than expectations of -1.09, and July Euro-Zone economic confidence dropped to 87.9, also weaker than expectations of 88.9. Both measures of confidence fell to their lowest levels in 2-3/4 years.
U.K. Jun M4 money supply fell -1.6% m/m and -5.2% y/y, the biggest annual decline since the BOE began money supply data in 1983.

Japan Jun industrial production unexpectedly fell -0.1% m/m, its third consecutive monthly decline and weaker than expectations of a +1.5% m/m increase.
Market Comments

Sep E-mini S&Ps this morning are down -0.24% on weak bank stocks after Deutsche Bank lowered its rating on JPMorgan Chase. The U.S. stock market on Friday closed sharply higher for the second straight session: S&P 500 +1.91%, Dow Jones +1.46%, Nasdaq 100 +2.41%. The U.S. stock market continued to rally on optimism about ECB President Draghi's push for a bond purchase program for Spain and Italy to keep their bond yields down to manageable levels. Friday's U.S. Q2 GDP report of +1.5% was line with market expectations and was strong enough to avert concerns that the U.S. economy might be headed toward recession. The U.S. stock market also continued to receive support from hopes that the FOMC at its meeting on July 31-Aug 1 might implement additional easing moves.
Sep 10-year T-notes this morning are down -1.5 ticks. Sep 10-year T-note prices on Friday closed sharply lower: TYU2 -29, FVU2 -12. T-note prices plunged on reduced safe-haven support as ECB President Draghi pushes for a significant bond purchase program. In addition, Friday's U.S. Q2 GDP report of +1.5% was strong enough to avert recent worries about recession and deflation and to dampen hopes for further FOMC easing moves or QE3.
The dollar index this morning is stronger with EUR/USD -0.42% and USD/JPY -0.29%. The dollar index on Friday closed mildly lower: Dollar index -0.099 (-0.12%), EUR/USD +0.0039 (+0.32%), USD/JPY +0.25 (+0.32%). The dollar index on Friday posted a new 1-month low and EUR/USD posted a new 1-month high. The dollar index on Friday closed lower on reduced safe-haven support from ECB President Draghi's push for a new bond purchase program and on the U.S. GDP report of +1.5% that was no worse than market expectations. The Spanish 10-year bond yield last week fell 53 bp to 6.70% while Italian bond yield fell by 21 bp to 5.94%.
Sep WTI crude oil prices this morning are up +2 cents a barrel (+0.02%). Sep gasoline is up +0.62 of a cent per gallon (+0.22%). Crude oil and gasoline prices on Friday closed moderately higher: CLU2 +0.74 (+0.83%), RBU2 +0.0597 (+2.18%). Crude oil rallied on Friday on hopes for improved global economic growth and improved fuel demand if Europe can contain its debt crisis. The crude oil market was also relieved by the U.S. Q2 GDP report of +1.5%.

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): APC-Anadarko Petroleum (Consensus $0.77), SCCO-Southern Copper (0.61), BEN-Franklin Res (2.05), L-Lowes (0.76), STX-Seagate (2.43), VRTX-Vertex Pharm (0.69), FISV-Fiserv (1.26), ROP-Roper Industries (1.15), EEP-Enbridge Energy (0.30), CNA-CNA Financial (0.56), EMN-Eastman Chemical (1.30), CIT-CIT Group (-0.53), UDR-UDR Corp (-0.08), PCL-Plum Creek Timber (0.18), FLS-Flowserve (1.91), MLF-Herbalife (0.96).
Global Financial Calendar

Monday 7/30/12
United States
1030 ET	July Dallas Fed manufacturing activity index expected 2.0, June 5.8.
1100 ET	USDA weekly grain export inspections.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1600 ET	USDA Crop Progress
Japan
0000 ET	Japan June vehicle production, May +59.5% y/y.
1930 ET	Japan June jobless rate expected 4.4%, May 4.4%. June job-to-applicant ratio expected 0.82, May 0.81.
1930 ET	Japan June overall household spending expected +2.9% y/y, May +4.0% y/y.
2130 ET	Japan June labor cash earnings expected unch y/y, May -1.1% y/y.
United Kingdom
0430 ET	UK June net consumer credit expected +0.4 bln pounds, May +0.7 bln pounds. June net lending secured on dwellings expected +0.4 bln pounds, May +0.6 bln pounds.
0430 ET	UK June mortgage approvals expected +48,000, May 51,100.
0430 ET	UK June M4 money supply, May -0.1% m/m and -4.1% y/y.
1901 ET	UK July GfK consumer confidence survey expected -29, June -29.
Euro-Zone
0500 ET	Eurozone July business climate indicator expected -1.09, June -0.94. Final-July Eurozone consumer confidence expected -21.6, previous -21.6. July Eurozone economic confidence expected 88.9, June 89.9. July Eurozone industrial confidence expected -14.0, June -12.7. July Eurozone services confidence expected -8.0, June -7.4.

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

Discovery Financial Services - DFS Barchart Chart of the Day

Barchart.coms Chart of the Day - Discover Financial Services (DFS)

Barchart Research Team - BC - Fri Jul 27, 10:30PM CDT

Related Stocks

DFS - Discover Financial Services

Sym	Last	Chg	Pct
DFS	36.22	-0.19	-0.52%

The "Chart of the Day" is Discover Financial Services (DFS), which showed up on Friday's Barchart "All-Time High" list. Discover on Friday posted a new all-time high of $36.61 and closed up +2.48%. TrendSpotter has been long since June 29 at $34.58. In recent news on the stock, Discover on June 19 reported Q2 EPS of $1.00 that was in line with the analyst consensus. Discover Financial Services, with a market cap of $18 billion, operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network.

dfs_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