Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2012-08-05

Friday, August 10, 2012

3 Stock With Chart's So Good I Can't Stand It

This morning I used Barchart to sort for the stocks that hit the most new highs in the last month then used to flipchart feature to find some really interesting charts to share with you. Look at CEF Income Composite Powershares (CEF), Hamni Financial (HAFC) and Wizzard Software (WZE).

CEF Income Composite Powershares (PCEF)

Barchart technical indicators:

88% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 2.75% in the last month
Relative Strength Index 75.37%
Barchart computes a technical support level at 25.84
Recently traded at 25.42 with a 50 day moving average of 24.65

Hamni Financial (HAFC)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 22.35% in the last month
Relative Strength Index 81.28%
Barchart computes a technical support level at 11.94
Recently traded at 12.66 with a 50 day moving average of 10.46

Wizzard Software (WZE)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 132.20% in the last month
Relative Strength Index 74.59%
Barchart computes a technical support level at 2.97
Recently traded at 4.88 with a 50 day moving average of 2.60

Barchart Morning Call 8/10

Barchart Morning Call

BC - Fri Aug 10, 7:00AM CDT

Overnight Developments

Sep E-mini S&Ps this morning are down -0.45% due to the -0.77% sell-off in European stocks and a much weaker-than-expected Chinese export report that indicated further deceleration in China's economy. Commodity prices are down by an average -0.34% this morning with Sep crude oil down -1.21%, Dec gold down -0.52%, Sep copper down -1.31%, and agricultural prices trading mostly higher. The grain markets are looking ahead to this morning's key USDA WASDE report where the USDA is expected to slash its corn and soybean estimates due to this summer's severe drought. The dollar index this morning is up +0.11 (+0.13%) on increased safe-haven demand, while EUR/USD is down -0.0037 (-0.30%). USD/JPY is down -0.20%. Sep 10-year T-notes are up +11 ticks this morning.
Asian stocks today closed mostly lower due to the alarming Chinese export news: Japan -0.97%, Hong Kong -0.66%, China -0.50%, Taiwan +0.10%, Australia -0.72%, Singapore +0.06%, South Korea +0.32%, India -0.02%, Turkey -0.27%.
China's July trade surplus fell to $25.15 billion from $31.72 billion in June and was substantially narrower than market expectations for a surplus of $35.05 billion. July exports rose by only +1.0% y/y, which was sharply below expectations of +8.0% y/y and +11.3% in June. July imports rose by +4.7%, down from +6.3% in June and well below expectations of +$7.0% y/y. The sharply lower level of export growth indicated that the Chinese economy is quickly losing its growth capacity due to poor overseas demand for Chinese exports. In fact, Chinese exports to Europe fell -16.2% y/y and Chinese exports to the U.S. were very weak at +0.6% y/y vs +10.6% y/y in June. The report bolstered expectations that the Chinese government will soon step in with additional growth measures such as a bank reserve ratio cut, a possible interest rate cut, and possibly new fiscal stimulus spending.
China's July new loan report of 540.1 billion yuan was down sharply from June's 919.8 bln and was well below market expectations of 700 billion yuan. The weak level of bank lending was another indicator of slower Chinese economic growth.
French June industrial production was unchanged m/m and -2.3% y/y, which was weaker than market expectations of +0.1% m/m and -1.8% y/y but an improvement from May's revised report of -2.1% m/m and -3.7% y/y.
The UK PPI report was close to market expectations. The UK July input PPI rose by +1.3% m/m, the July output PPI was unchanged m/m, and the July core output PPI was unchanged m/m.
The Russian central bank today after its policy meeting left rates unchanged and highlighted that there are "significant" inflation risks from a weaker harvest and that higher interbank rates are constraining lending growth.
The International Energy Agency cut its estimate for oil use growth to +0.9% y/y in 2013, down from growth of +1.0% in 2012 and less than its prediction last month for 2013 growth of +1.1% y/y.

Japan's upper house of Parliament approved an increase in the sales tax for the first time since 1997 in a victory for Prime Minister Noda who is trying to rein in Japan's massive budget deficit and debt load. The new law will double the 5% sales tax by 2015. Japan's lower house already passed the sales tax increase in June.
Market Comments

Sep E-mini S&Ps this morning are down -0.45% thanks to the -0.77% sell-off in the Euro Stoxx 50, the very weak Chinese export growth report of +1.0%, the weak Chinese new loan report, and a slightly weaker than expected French industrial production report. The stock market on Thursday closed narrowly mixed: S&P 500 +0.04%, Dow Jones -0.08%, Nasdaq 100 +0.21%. Stocks were supported by the unexpected 6,000 decline in initial unemployment claims to 361,000, which was only 9,000 above the 4-1/3 year low of 352,000 posted in early July. The report was particularly encouraging since a Labor Department official said that the data was free of distortions from auto plant closures for retooling, which indicated the labor market is in better shape than earlier thought. The stock market was able to shake off bearish overnight news that included a weaker-than-expected Chinese July industrial production report +9.2% y/y (vs market expectations of +9.7% y/y), Chinese July retail sales +13.1% y/y (vs expectations of +13.5% y/y), India industrial production of -1.8% y/y (vs expectations of +0.4% y/y), and Japan June machine orders of +5.6% m/m (vs expectations of +12.0% m/m).
Sep 10-year T-notes this morning are sharply higher by +11 ticks due to poor Chinese export report, the sell-off in global stocks, and some supply relief after the conclusion of this week's $72 billion refunding operation. T-note prices on Thursday closed slightly lower: TYU2 -1, FVU2 -0.5. T-note prices were pressured by the decline in initial unemployment claims, which provided more evidence of a stronger-than-expected labor market following last Friday's news that July payrolls rose by +163,000.
The dollar index this morning is up +0.11 (+0.13%) on increased safe-haven demand with the sell-off in global stocks. EUR/USD is down -0.0037 (-0.30%) and USD/JPY is down -0.16 (-0.20%). The dollar index on Thursday closed mildly higher: Dollar index +0.24 (+0.29%), EUR/USD -0.0059 (-0.48%), USD/JPY +0.14 (+0.18%). The dollar was supported by the positive U.S. labor market data as seen in the 6,000 decline in initial unemployment claims. EUR/USD was undercut by the news in the ECB's monthly report that the ECB's survey of private forecasters found expectations for a -0.3% decline in 2012 Eurozone GDP, a slightly larger decline than its previous survey of -0.2%. Spanish and Italian bond yields were little changed on Thursday.
Sep WTI crude oil prices this morning are down -1.13 (-1.21%) and Sep gasoline is down -0.0322 (-1.07%) on pessimism about Chinese economic growth. Crude oil and gasoline prices on Thursday closed mildly lower: CLU2 +0.01 (+0.01%), RBU2 +0.0204 (+0.68%). Crude oil and gasoline saw support from the positive U.S. economic data as seen with the drop in initial unemployment claims. Meanwhile, a new tropical depression formed in the Atlantic that appears to be headed along roughly the same path as Ernesto, i.e., towards Central America and Mexico, and not towards the Gulf of Mexico. The storm may be designated as Tropical Storm Gordon by today. Gasoline prices in California continue to see upward pressure from the August 6 fire at Chevron's refinery in Richmond, California.

Friday 8/10/12
United States
0830 ET	Jul import price index expected +0.2% m/m and -2.4% y/y, Jun -2.7% m/m and -2.6% y/y.
1400 ET	Jul monthly budget statement expected -$103.0 billion, Jun -$59.741 billion.
Japan
0030 ET	Japan revised Jun industrial production, previous -0.1% m/m and -2.0% y/y. Revised June capacity utilization, previous -2.2% m/m.
Germany
0200 ET	German revised July CPI (EU harmonized) expected no change at +0.4% m/m and +2.0% y/y.
United Kingdom
0430 ET	U.K. July PPI input prices expected +1.3% m/m and -1.5% y/y, June -2.2% m/m and -2.3% y/y.

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

Verisign - VRSn - Barchart Chart of the Dat

Barchart.coms Chart of the Day - Verisign (VRSN)

Barchart Research Team - BC - Thu Aug 09, 6:46PM CDT

Related Stocks

VRSN - Verisign

Sym	Last	Chg	Pct
VRSN	46.45	-0.15	-0.32%

The "Chart of the Day" is Verisign (VRSN), which showed up on Thursday's Barchart "52-Week High" list. Versign on Thursday posted a new 10-year high of $46.77 and closed up +0.22%. TrendSpotter has been long since July 27 at $45.42. In recent news on the stock, Verisign on July 26 reported Q2 EPS of 45 cents, which was in line with the market consensus. Verisign, with a market cap of $7 billion, is a leading provider of infrastructure services to website owners, enterprises, electronic commerce service providers and individuals.

vrsn_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: 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

Thursday, August 9, 2012

Has CAT bottomed out?

http://www.thestreet.com/story/11659236/1/caterpillar-is-ready-to-roll-opinion.html

3 Small Caps with Momentum

This morning I took a list of small cap stocks that analysts think will increase earnings per share by at least 10% in the coming year and screened them through Barchart to find which had the best technical indicators and found at the top of the list Safety Insurance Group (SAFT), Opnet Technologies (OPNT) and Nic Inc (EGOV):

Safety Insurance Group (SAFT)

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 9.76% in the last month
Relative Strength Index 72.58%
Barchart computes a technical support level at 44.49
Recently traded at 45.42 with a 50 day moving average of 41.71

Opnet Technologies (OPNT)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 21.41% in the last month
Relative strength Index 70.91%
Barchart computes a technical support level at 27.41
Recently traded at 30.56 with a 50 day moving average of 25.89

Nic Inc (EGOV)

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 10.33% in the last month
Relative Strength Index 68.27%
Barchart computes a technical support level at 13.77
Recently traded at 14.20 with a 50 day moving average of 12.53

LKQ Corp - LKQ - Barchart's Chart of the Day

Barchart.coms Chart of the Day - LKQ Corp (LKQ)

Barchart Research Team - BC - Wed Aug 08, 6:24PM CDT

Related Stocks

LKQ - Lkq Corp.

Sym	Last	Chg	Pct
LKQ	37.41	+0.48	+1.30%

The "Chart of the Day" is LKQ Corp (LKQ), which showed up on Wednesday's Barchart "All-Time High" list. LKQ on Wednesday posted a new all-time high and closed up 1.30%. In recent news on the stock, LKQ on July 26 reported Q2 EPS of 43 cents, slightly above the consensus of 42 cents. RW Baird on June 28 downgraded LKQ to Neutral from Outperform due to valuation and deteriorating auto parts trends, but Stephens on May 31 initiated coverage on LKQ with an Overweight rating and a target of $44. LKQ Corp, with a market cap of $5 billion, is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with sales and processing facilities and redistribution centers that reach most major markets in the United States.

lkq_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, August 8, 2012

3 stocks that continue to rise

This morning I used Barchart to screen a list of stock analysts think have the best chance of continuing to rise in the next year to find the 3 with the best technical indicators and found Select Medical Holdings (SEM), Canadian National Railway (CNI) and CF Industries (CF)

Select Medical Holdings (SEM)

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 41.60% in the last month
Relative Strength Index 83.44%
Barchart computes a technical support level at 11.65
Recently traded at 14.77 with a 50 day moving average of 10.43

Canadian National Railway (CNI)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 6.66% in the last month
Relative strength Index 67.43%
Barchart computes a technical support level at 88.31
Recently traded at 90.24 with a 50 day moving average of 84..48

CF Industries (CF)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 6.65% in the last month
Relative Strength Index 66.72%
Barchart computes a technical support level at 196.88
Recently traded at 208.57 with a 50 day moving average of 187.12

Barchart Morning Call 8/8

Barchart Morning Call

BC - 2 hrs 46 mins ago

Overnight Developments

Sep E-mini S&Ps this morning are trading mildly lower by -0.27% due to the -0.63% sell-off in European stocks and weaker-than-expected German industrial production and export reports. Commodity prices are trading -0.28% on average with Sep crude oil down -0.65%, Dec gold -0.18%, Sep copper -0.71%, and agricultural prices mixed. The dollar index is up +0.22% and EUR/USD is down -0.27% on the return of some safe-haven demand. Sep 10-year T-note prices are up 2.5 ticks.
The German June trade balance of 17.9 billion euros was wider than market expectations of 14.6 billion euros, but exports fell by -1.5%, which was a larger drop than market expectations of -1.3%.
The German June industrial production report of -0.9% m/m was slightly weaker than market expectations of -0.8% m/m and was substantially weaker than the May report of +1.7% m/m.
The British pound strengthened today after Bank of England Governor Mervyn King said that policymakers discussed a rate cut but "we concluded for the time being, that it would be more counterproductive than beneficial."
Standard & Poors yesterday cut the outlook to negative on Greece's CCC rating, which is eight notches below investment grade, citing the possibility that Greece might not qualify for its next bailout disbursement from the Eurozone and IMF.
Japan's June adjusted current account balance report of 773.6 billion yen was wider than market expectations of 714.7 billion yen and was supportive for the yen.

Japan's July Eco Watchers outlook index of 44.9 was stronger than expectations of 44.0 but was down by 0.6 points from 45.7 in June.
Market Comments

Sep E-mini S&Ps this morning are down -3.75 (-0.27%) this morning on long liquidation pressure and on this morning's 0.63% sell-off in the Euro Stoxx 50 index on the weaker-than-expected German industrial production and export reports. The stock market on Tuesday closed moderately higher and the S&P 500 index edged to a new 3-month high: S&P 500 +0.51%, Dow Jones +0.39%, Nasdaq 100 +0.86%. The stock market saw continued support from the stronger-than-expected Q2 earnings season and hopes for ECB and Fed action in September. Boston Fed President Eric Rosengren on Tuesday said the Fed should pursue an "open-ended" quantitative easing program of "substantial magnitude" to boost economic growth and employment.
Sep 10-year T-notes this morning are up 2.5 ticks on the lower trade in E-mini S&Ps and on some short-covering after Tuesday's sharp 17 tick sell-off. T-note prices on Tuesday closed sharply lower: TYU2 -17, FVU2 -8.25. Bearish factors include reduced safe-haven demand with the 3-month high in the S&P 500, improved sentiment on the U.S. economy after last Friday's payroll report of +163,000, and the sharp 20 bp increase in 10-year inflation expectations seen in the past two weeks driven by last week's FOMC meeting where the Fed essentially promised QE3 if the economy continues to show weakness.
The dollar index this morning is up +0.18 (+0.22%) on the return of some safe-haven demand with the sell-off in stocks. EUR/USD is down -0.0034 (-0.27%) and USD/JPY is down -0.29 (-0.37%). The dollar index on Tuesday edged to a new 1-month low and closed slightly lower: Dollar index -0.07 (-0.09%), EUR/USD -0.0002 (-0.02%), USD/JPY +0.36 (+0.46%). The dollar continued to lose ground on reduced safe-haven demand as the S&P 500 index hit a new 3-month high and as economic sentiment improved. The Spanish 10-year bond yield on Tuesday rose by 12 bp to 6.82% while the Italian 10-year bond yield fell by 3 bp to 5.95%.
Sep WTI crude oil prices this morning are down -0.61 (-0.65%) and Sep gasoline is down -0.0160 (-0.53%). Bearish factors this morning include the higher dollar index, lower stocks, and some long liquidation pressure after Tuesday's sharp rally. Crude oil and gasoline prices on Tuesday rallied sharply: CLU2 +1.47 (+1.59%), RBU2 +0.0691 (+2.36%). Sep crude oil posted a new 2-1/2 month high and Sep gasoline posted a new 3-month high. Crude oil saw strength on technical buying, the slightly lower dollar index, expectations for a 1.6 million barrel decline in oil inventories Wednesday's weekly DOE report, and improved economic sentiment with the rally in stocks and last Friday's stronger-than-expected payroll report of +163,000. Gasoline is also seeing strength from refinery outages and strength in Brent crude oil prices. The market consensus for Wednesday's weekly DOE report is for a 1.6 million barrel decline in crude oil inventories, a 2 million barrel decline in gasoline inventories, and an unchanged level of distillate 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): NWSA-News Corp (Consensus $0.32), CTL-Centurylink (0.62), PPL-PPL Corp (0.41), M-Macy's (0.64), RL-Ralph Lauren (1.78), DISH-Dish Network (0.66), CLR-Contl Res (0.74), MNST-Monster Beverage (0.61), LMCA-Liberty Media (0.73), HFC-Hollyfrontier (2.24), CG-Carlyle Group (-0.04), BIP-Brookfield Infrastructure (0.34), TEG-Integrys Energy (0.41).
Global Financial Calendar

Wednesday 8/8/12
United States
0700 ET	Weekly MBA mortgage applications, previous +0.2% with purchase sub-index -2.3% and refi sub-index +0.8%.
0830 ET	Q2 non-farm productivity expected +1.4%, Q1 -0.9%. Q2 unit labor costs expected +0.5%, Q1+1.3%.
1030 ET	DOE Weekly Petroleum Status Report.
1300 ET	Treasury auctions $24 billion 10-year T-notes.
Japan
0030 ET	Japan July bankruptcies, June-16.3% y/y.
0100 ET	Japan July eco watchers survey current, June 43.8. July eco watchers survey outlook, June 45.7.
1950 ET	Japan June machine orders expected +11.0% m/m and -5.3% y/y, May -14.8% m/m and +1.0% y/y.
n/a	BOJ begins 2-day policy meeting (expected no change to the 0.00% to 0.10% benchmark target rate).
Germany
0200 ET	German June trade balance expected +14.6 billion euros, May +15.3 billion euros. June exports, May +4.2%. June imports, May +6.2%.
0600 ET	German June industrial production expected -0.8% m/m and +0.3% y/y, May +1.6% m/m and unchanged y/y.
United Kingdom
0530 ET	BOE releases quarterly inflation report.
CHI
2130 ET	China July CPI expected +1.7% y/y, June +2.2% y/y.
2130 ET	China July PPI expected -2.5% y/y, June -2.1% y/y.

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

Footlocker - FL - Barchart's Chart of the Day

Barchart.coms Chart of the Day - Footlocker (FL)

Barchart Research Team - BC - Tue Aug 07, 6:19PM CDT

Related Stocks

FL - Footlocker Inc

Sym	Last	Chg	Pct
FL	34.73	+0.26	+0.75%

The "Chart of the Day" is Footlocker (FL), which showed up on Tuesday's Barchart "All-Time High" list. Footlocker on Tuesday posted a new all-time high and closed up 2.16%. TrendSpotter has been long since July 6 at $31.31. In recent news on the stock, Morgan Stanley on July 20 initiated coverage on Footlocker with an Equal Weight. However, Deutschebank on May 29 upgraded Footlocker to a Buy from Hold and raised its target to $38 from $32 citing the company's execution and strength in the athletic footwear cycle. Citigroup on May 18 reiterated its Buy rating and raised its target to $40 from $36 following the company's Q1 results. Footlocker, with a market cap of $5 billion, is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia.

fl_700

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

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

Starbucks - SBUX

http://seekingalpha.com/article/787961-starbucks-may-perk-up-soon

Oracle - ORCL

http://www.thestreet.com/story/11656121/1/softwares-rising-tide-floats-oracles-boat.html

Tuesday, August 7, 2012

3 Small Cap Growth Stock with Great Technicals

This morning I used Barchart to sort a list of small cap stocks analysts predict will grow earningsw by at least 10% in the coming year to find the 3 with great technical indicators and found Whiting Petroleum (WLL), Westfield Financial (WFD) and Vista Print (VPRT). These are hourly trading charts over the past month:

Whiting Petroleum (WLL)

Barchart technical indicators:

48% Barchart technical buy signal
Trend Spotter buy signal
Above its 20 and 50 day moving average
5 new highs and up 6.40% in the last month
Relative Strength Index 59.44%
Barchart computes a technical support level at 40.58
Recently traded at 44.06 with a 50 day moving average of 40.79

Westfield Financial (WLL)

Barchart technical indicators:

88% Barchart technical buy signal
Trend spotter buy signal
Above its 20 50 and 100 day moving average
5 new highs and up 3.34% in the last month
Relative Strength Index 66.08%
Barchart computes a technical support level at 7.37
Recently traded at 7.73 with a 50 day moving average of 7.30

Vista Print (VPRT)

Barchart technical indicators:

72% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
14 new highs and up 20.77% in the last month
Relative Strength Index 75.77%
Barchart computes a technical support level at 35.46
Recently traded at 38.65 with a 50 day moving average of 32.85

Barchart Morning Call - 8/7

Barchart Morning Call

BC - Tue Aug 07, 7:00AM CDT

Overnight Developments

Sep E-mini S&Ps this morning are trading mildly higher by +0.27% on support from the 0.78% rally in European stocks and generally stronger-than-expected earnings reports. The market is shaking off bad news that includes a poor German factory orders report, the fourth quarter of negative Italian GDP growth, and a plunge in Standard Charter on accusations by U.S. authorities of illegal Iran dealings. Spanish stocks are up 1.09% and Italian stocks are up +0.95%. Commodity prices are up by an average +0.34% with Sep crude oil up +0.23%, Dec gold up +0.09%, Sep copper up +0.97%, and agricultural commodities trading mostly higher. The dollar index is slightly lower by -0.12% while EUR/USD is up +0.12%. Sep 10-year T-notes are down -7.5 ticks.
Asian stocks today closed mildly higher: Japan +0.88%, Hong Kong +0.37%, China +0.14%, Taiwan +0.13%, Australia +0.44%, Singapore -0.13%, South Korea +0.01%, India +1.08%, Turkey -0.67%.
Standard Chartered Plc fell 23% in London trading after the bank is likely to face billions of dollars of costs related to U.S. authorities charging the bank with money laundering tied to its dealings with Iranian banks. The London-based bank may also lose its banking license in New York due to allegations the bank hid $250 billion in transations with Iranian banks over 7 years.
The Swiss central bank reported today that Switzerland's foreign-currency reserves in July rose 11.3% to 406.5 billion Swiss francs ($420 billion) as the central bank sells francs and buys foreign currencies to try to enforce its Swiss franc ceiling of 1.20 Swiss francs per euro. Switzerlands foreign-currency reserves have soared by 44% since September 6 when the Swiss government announced the attempt to curb the Swiss franc's gain tied to safe-haven investment.
German June factory orders fell -1.7% m/m and -7.8% y/y, which was weaker than market expectations of -0.8% m/m and -8.0% y/y. The report illustrated that Germany is under economic pressure as orders from the Eurozone drop due to austerity and recessions in southern Europe.
UK June manufacturing production fell -2.9% m/m and -4.3% y/y, which was less than market expectations of -4.3% m/m and -5.7% y/y.

Italy's Q2 GDP was reported at -0.7% q/q and -2.5% y/y, which was in line with market expectations. That was the fourth consecutive quarterly decline as the Italian recession continues.
Market Comments

Sep E-mini S&Ps this morning are up +0.27% with support from the +0.78% rally in European stocks and general support from stronger-than-expected earnings reports. The stock market on Monday closed mildly higher and the S&P 500 index edged to a new 3-month high: S&P 500 +0.23%, Dow Jones +0.16%, Nasdaq 100 +0.68%. Bullish factors included German Chancellor Merkel government's approval of the ECB's bond buying plan, carry-over support from last Friday's stronger-than-expected U.S. July payroll report of +163,000, and relief that Knight Capital over the weekend received a $400 million capital injection that prevented any systemic stock market disruptions early this week when the bad trades were due to settle.
Sep 10-year T-notes this morning are down -7.5 ticks on reduced safe-haven demand with the rally in global stocks today. T-note prices on Monday closed mildly higher: TYU2 +6.5, FVU2 +4.75. T-note prices on Monday rallied mildly on some short-covering after last Friday's sharp sell-off on the stronger-than-expected payroll report.
The dollar index this morning is mildly lower by -0.10 (-0.12%) with EUR/USD up +0.12% and USD/JPY up +0.13%. The dollar index on Monday closed mildly lower: Dollar index -0.10 (-0.12%), EUR/USD +0.0014 (+0.11%), USD/JPY -0.22 (-0.28%). The dollar index closed mildly lower on Monday as safe-haven demand dissipated a bit with the capital injection for Knight Capital, with the Merkel government's approval of the ECB's bond buying plan, and with an IMF official saying that "good progress" was made in discussions over the past week with Greece. Troika officials over the weekend wrapped up their initial assessment of Greece's austerity progress and will return in September for a final assessment and negotiations over the next quarterly bailout payment.
Sep WTI crude oil prices this morning are mildly higher by +0.21 (+0.23%) and Sep gasoline is up +0.0159 (+0.54%). Crude oil and gasoline prices on Monday closed mixed: CLU2 +0.68 (+0.74%), RBU2 -0.0049 (-0.17%). Oil prices saw some continued support from last Friday's U.S. payroll report and from Monday's mildly lower close in the dollar index. Tropical Storm Ernesto may strengthen into a hurricane today but is moving westward towards the Yucatan Peninsula of Mexico and is not expected to move into the Gulf of Mexico to cause disruption to Gulf oil and gas production. The market consensus for Wednesday's weekly DOE report is for a 1.6 million barrel decline in crude oil inventories, and a 2 million barrel decline in gasoline inventories, and an unchanged level of distillate 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): DIS-Walt Disney (Consensus $0.93), CVS-CVS Caremark (0.80), ESRX-Express Scripts (0.82), EMR-Emerson Electric (1.00), PCLN-Priceline (7.36), FE-FirstEnergy (0.64), PCG-PG&E Corp (0.82), MMC-Marsh & McLennan (0.58), ETE-Energy Transfer (0.46), SIRI-Siruis XM Radio (0.02), CHTR-Charter Communications (-0.21), CHD-Church & Dwight (0.55), EXPD-Expeditors (0.43), TAP-Molson Coors (1.20), NUAN-Nuance Communications (0.40), XL-XL Group (0.55), RAX-Rackspace Hosting (0.18), Transdigm (1.70), MPEL-Melco Crown (0.17), OAK-Oaktree Capital (0.61), MGM-MGM Resorts (-0.15).
Global Financial Calendar

Tuesday 8/7/12
United States
0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
0855 ET	Redbook weekly retailer sales.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $32 billion of 3-year T-notes.
1430 ET	Fed Chairman Bernanke speaks in Washington DC on financial education.
1500 ET	Jun consumer credit expected +$11.0 bln, May +$17.118 bln.
1630 ET	API weekly U.S. oil statistics.
United Kingdom
0430 ET	U.K. June industrial production expected -3.9% m/m and -5.4% y/y, May +1.0% m/m and -1.6% y/y.
0430 ET	U.K. June manufacturing production expected -4.5% m/m and -5.7% y/y, May +1.2% m/m and -1/7% y/y.
Germany
0600 ET	German June factory orders expected -0.8% m/m and -7.0% y/y, May +0.6% m/m and -5.4% y/y.

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

Scipps Networks Interactive - SNI - Barchart Chart of the Day

Barchart.com's Chart of the Day - Scripps Networks Interactive (SNI)

Barchart Research Team - BC - Mon Aug 06, 9:27PM CDT

Related Stocks

SNI - Scripps Networks Interactive Inc

Sym	Last	Chg	Pct
SNI	58.56	+0.46	+0.79%

The "Chart of the Day" is Scripps Networks Interactive (SNI), which showed up on Monday's Barchart "All-Time High" list. Scripps on Monday posted a new all-time high and closed +1.11%. TrendSpotter just turned long again on Monday's close of $58.10. In recent news on the stock, Scripts networks on Aug 2 reported Q2 EPS of 93 cents, better than the analyst consensus of 87 cents. Goldman on July 12 upgraded Scripps Networks to Buy from Sell and raised the target to $63 from $50 due to strong TV ratings. Scripps Networks Interactive, with a market cap of $8 billion, is the leading developer of lifestyle-oriented content for television and the Internet. The company's media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country (GAC); and Interactive Services, with leading online search and comparison shopping services, Shopzilla and uSwitch.

sni_700

TrendSpotter: Buy
Short-Term Indicators: 60% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 88% Buy

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Christopher and Banks - CBK- and General Finance - GFN - Buy sigfnals

I added Christopher and Banks (CBK) and General Finance (GFN) to the Barchart Van Meerten Speculative portfolio for superior upward momentum

Christopher and Banks (CBK)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 67.65% in the last month
Relative Strength Index 79.51%
Barchart computes a technical support level at 2.11
Recently traded at 2.28 with a 50 day moving average of 1.41

General Finance (GFN)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 7.69% in the last month
Relative Strength Index 73.57%
Barchart computes a technical support level at 3.27
Recenlty trade at 3.50 with a 50 day moving average of 3.18

Monday, August 6, 2012

Chevron - CVX - Buy Signals

I added Chevron (CVX) to the Barchart Van Meerten New High Portfolio for superior upward momentum:

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs an d up 5.94% in the last month
Relative Strength Index 65.61%
Barchart computes a technical support level at 109.97
Recently traded at 111.31 with a 50 day moving average of 104.08

5 Great High Growth Stocks

This morning I used a list of stocks analysts project will have at least 10% increases in Revenue, Earnings and Total Return to find those having the best technical indicators on Barchart and found
Time Warner Cable (TWC), Quanta Services (PWR), Gildan ActiveWear (GIL), Dorman Products (DORM) and Comcast (CMCSA):

Time Warner Cable (TWC)

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 6.46% in the last month
Relative Strength Index 75.02%
Barchart computes a technical support level at 86.09
Recently traded at 89.20 with a 50 day moving average of 84.35

Quanta Services (PWR)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving average
3 new highs and up 4.98% in the last month
Relative Strength Index 64.70%
Barchart computes a technical support level at 24.02
Recenlty traded at 24.71 with a 50 day moving average of 22.85

Gildan ActiveWear (GIL)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving average
4 new highs and up 7.99% in the last month
Relative Strength Index 63.99%
Barchart computes a technical support level at 27.58
Recently traded at 30.24 with a 50 day moving average of 26.90

Dorman Products (DORM)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving average
6 new highs and up 11.47% in the last month
Relative strength Index 67.71%
Barchart computes a technical support level at 27.06
Recently traded at 28.48 with a 50 day moving average of 24.54

Comcast (CMCSA)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Trading above its 20, 50 and 100 day moving averages
8 new highs and up 9.85% in the last month
Relative Strength Index 73.50%
Barchart computes a technical support level at 34.08
Recently traded at 34.45 with a 50 day moving aver age of 31.20

Barchart Morning Call 8/6

Barchart Morning Call

BC - 1 hr 31 mins ago

Overnight Developments

Sep E-mini S&Ps this morning are trading mildly higher by +0.18% due to this morning's +0.50% rally in European stocks. Commodity prices this morning are down by an average of -0.51% with Sep crude oil down -0.47%, gold up +0.26%, copper down -0.27%, and agricultural commodities trading mostly lower. The dollar index this morning is up +0.16% and EUR/USD is down -0.19% after Italian Prime Minister Monti said over the weekend that the Eurozone is showing signs of "psychological dissolution." Sep 10-year T-notes are up 6.5 ticks.
Asian stocks today closed higher across the board on carry-over support from last Friday's stronger-than-expected U.S. July payroll report of +163,000. Chinese stocks also received a boost from an announcement on Sunday by Chinese securities regulators that allows companies to pay employees up to 30% of their wages with company stock acquired in the secondary market. Closes: Japan +2.00%, Hong Kong +1.69%, China +1.35%, Taiwan +0.95%, Australia +1.21%, Singapore +0.67%, South Korea +2.27%, India +1.25%, Turkey +0.93%.
Knight Capital Group reportedly received a $400 million cash infusion over the weekend via a convertible bond investment by several financial firms, thus averting bankruptcy. The capital injection should prevent any fresh disruptions from Knight, which accounts for some 10% of market-making stock trading volume.
Trading in Spanish stocks at the Bolsas & Mercados Espanoles was halted today at 10:05 AM in Madrid due to a technical default. There was no word on when trading would resume.
Italian Prime Minister Mario Monti said in an interview in Der Spiegel magazine published over the weekend that the Eurozone is showing signs of "psychological dissolution."
Troika officials over the weekend wrapped up an initial examination of Greece's austerity progress and said they will return in early September. An IMF representative said, "We made a lot of good progress" and said there was agreement that Greece needs to strengthen its policy efforts.
Japan's June leading index report fell by 2.6 points to 92.6 and was 0.3 points weaker than market expectations of 92.9. The June coincident index fell 2.0 points to 93.8 and was 0.1 point weaker than market expectations of 93.9.

UK July Halifax house prices fell -0.6% m/m, which was in line with market expectations and reversed part of June's revised +0.8% increase.
Market Comments

Sep E-mini S&Ps this morning are up 2.50 points (+0.18%) on support from today's 0.50% rally in European stocks. The U.S. stock market Friday rallied up to 3-month highs and settled sharply higher after July U.S. non-farm payrolls rose more than forecast and after Spanish and Italian bond yields fell when members of German Chancellor Merkel's CDU party said they wouldn't stand in the way of additional ECB bond purchases: S&P 500 +1.90%, Dow Jones +1.69%, Nasdaq 100 +1.92%. Another positive for stocks was the larger-than-expected increase in the July ISM non-manufacturing index.
Sep 10-year T-notes this morning are up 6.5 ticks on some short-covering after last Friday's sharp sell-off. Sep 10-year T-note prices Friday plunged to a 1-month low after stocks soared when the U.S. economy added more jobs than expected last month, which dampens speculation the Fed will need to start a QE 3 asset purchase program to stimulate the economy: TYU2 -23, FVU2 -10. Also, safe-haven demand for Treasuries was reduced after Spanish 10-year bond yields plunged -31 bp and fell back below the critical 7.00% yield level.
The dollar index this morning is up +0.16% with EUR/USD down -0.19% and USD/JPY down -0.20%. The dollar index on Friday settled sharply lower as a rally in stocks curbed the safe-haven demand for the dollar while the euro strengthened after Italian and Spanish bond yields fell when ECB Council member Liikanen said the size of a new ECB bond purchase program would be "adequate to reach its objective" of lowering Italian and Spanish borrowing costs: Dollar index -0.986 (-1.18%), EUR/USD +0.02057 (+1.69%), USD/JPY +0.228 (+0.29%).
Sep WTI crude oil prices this morning are down -0.43 (-0.47%) and Sep gasoline is down -0.0306 (-1.04%) on this morning's higher trade in the dollar index and on some long liquidation pressure after last Friday's sharp rally. Crude oil and gasoline prices Friday moved sharply higher after the U.S. economy added more jobs than expected last month along with reduced concern over the European debt crisis after members of German Chancellor Merkel's ruling CDU party said they wouldn't stand in the way of ECB Draghi's plan to buy more government bonds: CLU2 +4.27 (+4.90%), RBU2 +0.0614 (+2.14%). Sep crude posted a 2-week high and Sep gasoline rose to a 2-1/2 month 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 (ranked by market cap): BRK-Berkshire Hathaway (Consensus $1,780.00), CTSH-Cognizant Technology Solutions (0.86), BXP-Boston Properties (0.43), VNO-Vornado Realty Trust (-0.07), PAA-Plains All Anerican Pipeline (1.68), HCN-Health Care REIT (0.26), CF-CF Industries Holdings (8.71), CHK-Chesapeake Energy (0.07), HCA-HCA Holdings (0.78), AES-AES Corp. (0.27), BAP-Credicorp Ltd. (2.29), CXO-Concho Resources (0.99), TSN-Tyson Foods (0.55), KOS-Kosmos Energy Ltd. (-0.10), NGLS-Targa Resources Partners LP (0.40), MR-Mindray Medical International (0.46).
Global Financial Calendar

Monday 8/6/12
United States
0900 ET	Fed Chairman Ben Bernanke speaks via prerecorded video on "Economic Measurement" at the 32nd General Conference of the International Association for Research in Income and Wealth in Cambridge, MA.
1100 ET	USDA weekly grain export inspections.
1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
1600 ET	USDA Crop Progress
Japan
0100 ET	Japan June leading index CI expected -2.3 to 92.9, May 95.2. June coincident index CI expected -1.9 to 93.9, May 95.8.
Euro-Zone
0430 ET	Aug Euro-Zone Sentix investor confidence expected -1.4 to -31.0, July -0.7 to -29.6.

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

Union Pacific - UNP - Barchart Chart of the Day

Barchart.coms Chart of the Day - Union Pacific (UNP)

Barchart Research Team - BC - Fri Aug 03, 11:47PM CDT

Related Stocks

UNP - Union Pacific Corp.

Sym	Last	Chg	Pct
UNP	124.54	+2.74	+2.25%

The "Chart of the Day" is Union Pacific (UNP), which showed up on Friday's Barchart "All-Time High" list. Union Pacific gapped higher on Friday, posted an all-time high of $126.91 and closed up +2.25%. TrendSpotter has been long Union Pacific since June 15 at $114.87. Last Tuesday, Union Pacific Railroad was named the 2011 Provider of the Year by Wallenius Wilhelmsen Logistics Vehicle Services Americas Inc. (WWL). This award evaluates railroad, truck and short sea companies to determine the best overall logistics excellence provider in the areas of quality, performance and customer service. Union Pacific also received WWL's 2011 Provider Recognition Award for Rail Services for best service of all railroad carriers. The award is a formula-based assessment of transit commitment, actual damage-free delivery and a quarterly survey. It is the second year in a row Union Pacific won both awards. On July 26, the Board of Directors of UNP declared a quarterly dividend of 60 cents per share on its common stock to shareholders of record Aug 31, 2012. UNP has paid dividends on its common stock for 113 consecutive years. UNP, with a market cap of $58.2 billion, consists of one reportable segment, rail transportation, and the company's other product lines. The railsegment includes the operations of the corporation's wholly owned subsidiary, Union Pacific Railroad Company and Union Pacific Railroad Company's subsidiaries and rail affiliates. The company's other operations include the trucking product line, as well as the other product lines that include technology, self-insurance activities, corporate holding company operations, and all appropriate consolidating entries.

unp_700_01

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

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