Is Pandora in trouble?

Pandora Media (P) had some wide price fluctuations recently and is in the news.  Better monitor the Barchart technical indicators closely.  The chart is an hourly trading chart and shows a major drop on Friday:

Barchart technical indicators:

• 32% Barchart technical buy signal - falling
• 40% Barchart short term sell signal
• Trend Spotter buy signal - falling
• Still above its 20, 50 and 100 day moving averages
• Lost 12.43% in the last 5 days
• Relative Strength Index 49.24%
• Barchart had a technical support level at 11.94 and that has been broken
• Recently traded at 10.50 with a 50 day moving average of 10.23

3 Popular Stocks

Today I decided to run the Barchart technical indicators on 3 popular stock that are on the watch lists of the individual investors.

Featured:
Microsoft (MSFT)
Johnson & Johnson (JNJ)
Ford (F)

Microsoft (MSFT)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 1.83% in the last month
• Relative Strength Index 54.57%
• Barchart computes a technical support level at 30.15
• Recently traded at 30.81 with a 50 day moving average of 30.13

Johnson & Johnson (JNJ)

Barchart technical indicators:

• 8% Barchart technical buy signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving average but still above its 100 day moving average
• Lost 1.04% in the last 30 days
• Relative Strength Index 46.91%
• Barchart computes a technical; support level at 67.25
• Recently traded at 67.61 with a 50 day moving average of 68.14

Ford (F)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and100 day moving averages
• 7 new highs and up 9.13% in the last month
• Relative Strength Index 75.49%
• Barchart computes a technical support level at 9.55
• Recently traded at 10.17 with a 50 day moving average of 9.38

3 Great Small Caps

Successful investing is part stock picking and part portfolio management.  Barchart makes both so easy.  Today I used Barchart to screen all the S&P 600 Small Cap stocks to find the 3 with the best technical indicators and found WD-40 (WDFC), Marriot Vacation Worldwide (VAC) and United Natural Foods (UNFI):

WD-40 (WDFC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 100 day moving averages
• 9 new highs and up 5.39% in the last month
• Relative Strength Index 64.74%
• Barchart computes a technical support level at 50.33
• Recently traded at 51.21 with a 50 day moving average of 48.90

Marriot Vacations Worldwide (VAC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 2 new highs and up 1.36% in the last month
• Relative Strength Index 59.93%
• Barchart computes a technical support level at 31.19
• Recently traded at 32.69 with a 50 day moving average of 31.05

United Natural Foods (UNFI)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 11 new highs and up 11.35% in the last month
• Relative Strength Index 73.06%
• Barchart computes a technical support level at 58.87%
• Recently traded at 60.18 with a 50 day moving average of 54.88

Barchart's Morning Call 9/7

Barchart Morning Call

BC - 2 hrs 51 mins ago

Overnight Developments

• Sep E-mini S&Ps this morning are up +0.33% as the market looks ahead to this morning's Aug payroll report, which is expected to show a +125,000 increase. Commodity prices are little changed on average today. Oct crude oil is up +0.33%, Dec gold is down -0.49%, Dec copper is up +1.76%, and agriculture prices are mixed. The Euro Stoxx 50 is up 1.22% this morning on carry-over support from yesterday's ECB bond-buying program. Chinese stocks rallied sharply today by 4.48% due to the Chinese government's announcement of a variety of infrastructure stimulus projects. The dollar index is down -0.22% today and EUR/USD is up +0.57% as safe-haven demand fades for dollars and as EUR/USD gets a further boost from the ECB's bond-buying program. Dec 10-year T-note prices are down 14.5 ticks on reduced safe-haven demand.
• The Spanish 10-year bond yield today fell by another 29 bp to 5.71%, adding to yesterday's 39 bp plunge. Today's Spanish yield level is the lowest since early May as the market reacts positively to yesterday's ECB announcement of its bond-buying program. The Italian 10-year bond yield today fell by 14 bp to 5.11%, adding to yesterday's 25 bp decline.
• German July exports rose +0.5% m/m, which was much better than market expectations of -0.5% m/m and was an improvement from June's -1.4% m/m. The markets are watching world export levels very carefully to assess the impact of weaker growth in the Eurozone countries. Germany's trade surplus narrowed to 16.9 billion euros from a revised 18.0 billion euros in June, which was a larger surplus than market expectations of 15.3 billion euros.
• The German July industrial production report of +1.3% m/m and -1.4% y/y was substantially better than market expectations of unchanged m/m and -3.0% y/y. The German Economy Ministry said that "Manufacturing production has revived somewhat. Orders so far this year are stable, although the mood there is subdued."
• The UK July manufacturing production report of +3.2% m/m and -0.5% y/y was stronger than market expectations of +1.8% m/m and -2.4% y/y. Meanwhile, the July industrial production report of +2.9% m/m and -0.8% y/y was stronger than market expectations of +1.5% m/m and -2.7% y/y. The large increases were due to a rebound after the Queen's Jubilee holiday.
• Fitch Ratings today upgraded South Korea's credit rating, leading to a 2.9% rally in South Korean stocks.
• China's National Development and Reform Commission today approved a variety of infrastructure projects, adding to yesterday's news of the approval of a plan for subways in 18 cities. Today's plans involve 1,200 miles of roads, nine sewage-treatment plants, five port and warehouse projects, and two waterway upgrades. That news sparked a strong rally in Chinese construction stocks and helped China's CSI 300 index rally 4.48%.
  Market Comments
  • Sep E-mini S&Ps this morning are up 4.75 points (+0.33%) on today's 1.22% rally in European stocks and on optimism about China's approval of a raft of infrastructure-related stimulus projects. The S&P 500 index on Thursday rallied sharply and posted a new 4-year high: S&P 500 +2.04%, Dow Jones +1.87%, Nasdaq 100 +2.27%. Bullish factors included the aggressive ECB bond-buying program and stronger-than-expected U.S. economic data. U.S. unemployment claims fell by -12,000 to 365,000, versus expectations for a report of 370,000. Continuing claims fell by -6,000 to 3.322 mln. Aug ADP employment rose by +201,000, which was substantially stronger than market expectations of +140,000. Aug ISM non-manufacturing index rose +1.1 to 53.7, which was stronger than market expectations for a slight 0.1 point decline to 52.5.
  • Dec 10-year T-notes this morning are down 14.5 ticks as safe-haven demand continues to fade with the ECB's bond-buying program announcement yesterday and with today's continued rally in global stocks. Dec 10-year T-note prices on Thursday closed sharply lower: TYZ2 -20, FVZ2 -9.75. T-notes fell on the stronger-than-expected U.S. economic data and on reduced safe-haven demand with the ECB's bond-buying program that will help contain the Eurozone debt crisis.
  • The dollar index this morning is down -0.18 points (-0.22%) as safe-haven demand continues to fade with today's sharp rally in European and Chinese stocks. EUR/USD is up +0.0072 (+0.57%) as Spanish and Italian bond yields continued to fall today as the market demonstrates confidence about the ECB's bond-buying program. USD/JPY is up +0.14 (+0.18%). The dollar index on Thursday closed mildly lower: Dollar index -0.20 (-0.24%), EUR/USD -0.0030 (+0.24%), USD/JPY +0.47 (+0.60%). The dollar fell on reduced safe-haven demand with the sharp rally in the S&P 500 to a new 4-year high and with hopes for some containment of the Eurozone debt crisis with the ECB's bond-buying program. The ECB's bond-buying program was bullish for the euro because the program does not involve printing new euros and the program should provide some support for the Eurozone economy.
  • Oct WTI crude oil prices this morning are trading +0.32 (+0.33%) and Oct gasoline is up +0.0206 (+0.69%) as economic optimism improves with yesterday's ECB bond-buying program and with today's Chinese stimulus project announcements. Oct crude oil and gasoline prices on Thursday closed mixed: CLV2 -0.53 (-0.56%), RBV2 +0.0327 (+1.11%). Bullish factors yesterday centered on the rally in European and U.S. stocks and the improved prospects for the global economy with the ECB's bond-buying program. Crude oil and gasoline also saw support from the fact that 43% of oil production and 21% of natural gas production in the Gulf of Mexico is still shut down. The weekly DOE report showed a sharp 7.4 mln bbl decline in crude oil inventories, a 2.3 mln bbl decline in gasoline inventories, and a 1 mln bbl rise in distillate inventories. U.S. crude oil inventories are now only 6.0% above the 5-year seasonal average, the lowest since April.
  • 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): KR-Kroger (Consensus $0.49), LULU-Lululemon (0.31), BRC-Brady Corp (0.52), CMVT-Comverse Tech (0.08).
    Global Financial Calendar
    

    Friday 9/7/12
    United States
    0830 ET	Aug nonfarm payrolls expected +125,000, July +163,000. Aug private payrolls expected +139,000, July +172,000. Aug manufacturing payrolls expected +10,000, July +25,000. Aug unemployment rate expected unch at 8.3%, July +0.1 to 8.3%.
    0830 ET	Aug avg hourly earnings all employees expected +0.2% m/m and +1.8% y/y, July +0.1% m/m and +1.7% y/y. Aug avg weekly hours expected unch at 34.5, July unch at 34.5 hours.
    0830 ET	USDA weekly exports.
    Japan
    0100 ET	Japan July leading index CI expected 91.6, June 93.2. July coincident index expected 93.2, June 94.1.
    Germany
    0200 ET	German Q1 and Q2 labor costs.
    0200 ET	German July current account expected 13.5 bln euros, June 16.5 bln euros.
    0200 ET	German July trade balance expected 15.3 bln euros, June 17.9 bln euros. German July exports expected -0.5% m/m, June -1.4% y/y. July imports expected -0.3% m/m, June -2.9% y/y.
    0600 ET	German July industrial production expected unch m/m and -3.0% y/y, June -0.9% m/m and -0.3% y/y.
    United Kingdom
    0430 ET	UK July industrial production expected +1.5% m/m and -2.8% y/y, June -2.5% m/m -4.3% y/y. July manufacturing production expected +1.7% m/m and -2.4% y/y, June -2.9% m/m and -4.3% y/y.
    0430 ET	UK Aug PPI input expected +1.7% m/m and +1.5% y/y, July +1.3% m/m and -2.4% y/y. Aug PPI output expected +0.2% m/m and +1.9% y/y, July unch m/m and +1.7% y/y.
    United Kingdom
    0430 ET	Aug PPI output core expected unch m/m and +1.2% y/y, July unch m/m and +1.3% y/y.
    1000 ET	UK Aug NIESR GDP estimate, July -0.2%.

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

Eastman Chemical - EMN - Barchart Chart of the Day

Barchart.coms Chart of the Day - Eastman Chemical (EMN)

Barchart Research Team - BC - Thu Sep 06, 6:33PM CDT

The "Chart of the Day" is Eastman Chemical (EMN), which showed up on Thursday's Barchart "All-Time High" list. Eastman on Thursday posted a new all-time high of $56.70 and closed +2.94%. TrendSpotter has been long since July 3 at $50.89. In recent news on the stock, Eastman on July 30 reported Q2 EPS of $1.40 versus the consensus of $1.30. Wells Fargo on Aug 1 reiterated its Outperform rating on Eastman and said the company's valuation will increase. Lazard on July 25 initiated coverage on Eastman with a Buy and a target of $67. Eastman Chemical, with a market cap of $8 billion, is a global chemical company with a broad portfolio of chemical, plastic, and fiber products.


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: 75% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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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

3 of the Most Popular Stocks

Today I decided to use Barchart to review 3 of the most popular stocks with the individual investor.

Reviewed:
Apple (AAPL)
Google (GOOG)
General Electric (GE)


Apple (AAPL)

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 8.56% in the last month
• Relative Strength Index 67.28%
• Barchart computes a technical support level at 665.31
• Recently traded at 676.09 with a 50 day moving average of 623.06

Google (GOOG)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 8.51% in the last month
• Relative Strength Index 72.20%
• Barchart computes a technical support level at 674.76
• Recently traded at 697.34 with a 50 day moving average of 630.56

General Electric (GE)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 2 new highs and  up 1.29% in the last month
• Relative Strength Index 63.05%
• Barchart computes a technical support level at 20.38
• Recently traded at 21.24 with a 50 day moving average of 20.51

3 Great Mid-Caps

Today I used Barchart to screen the S&P 400 Mid-Cap Index stocks to find the 3 with the best technical indicators and found Wright Express (WXS), Webster Financial (WBS) and West America Bancorp (WABC):

Wright Express (WXS)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 16.55% in the last month
• Relative Strength Index 76.07%
• Barchart computes a technical support level at 65.84
• Recently traded at 72.03 with a 50 day moving average of 64.07

Webster Financial (WBS)

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 9.36% in the last month
• Relative Strength Index 66.21%
• Barchart computes a technical support level at 21.47
• Recently traded at 22.46 with a 50 day moving average of 21.40

WestAmerica Bancorp (WABC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 6 new highs and up 4.79% in the last month
• Relative Strength Index 61.34%
• Barchart computes a technical support level at 46.05
• Recently traded at 47.6+7 with a 50 day moving average of 46.52

Gilead Sciences - GILD- Barchart Chart of the Day

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

Barchart Research Team - BC - Wed Sep 05, 4:50PM CDT

The "Chart of the Day" is Gilead Sciences (GILD), which showed up on Wednesday's Barchart "All-Time High" list. Gilead on Wednesday rallied to a new all-time high of $59.10 and closed +0.74%. TrendSpotter has been long since June 27 at $51.25. In recent news on the stock, UBS on Aug 30 reiterated its Buy rating on Gilead and raised its target to $65 from $61. Needham on Aug 28 reiterated its Buy rating on Gilead and raised its target to $65 from $56. Gilead Sciences, with a market cap of $43 billion, is a biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them.


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: 75% 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 Morning Call 9/6

Barchart Morning Call

BC - Thu Sep 06, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps this morning are moderately higher by +0.57% while the Euro Stoxx 50 is up 1.12%. Asian stocks closed mostly higher today on expectations for the ECB's bond-buying plan and on China's approval of a subway plan for 18 cities that boosted government stimulus expectations. Japanese stocks closed +0.01%, Hong Kong stocks closed +0.34%, and Chinese stocks closed +0.82%. Commodity prices are up by +0.51% on average with Oct crude oil up +1.16%, Dec gold up 1.06%, Dec copper down -0.47%, and agricultural prices trading mostly higher. The dollar index is slightly lower and EUR/USD is slightly higher. Dec 10-year T-notes are down 4 ticks.
• The ECB at its meeting today left its refinancing rate unchanged at 0.75%, which was a bit disappointing as the market had discounted about a 50-50 chance of a 25 bp rate cut to 0.50%. The markets are now waiting for ECB President Draghi to hold his press conference starting at around 8:30 AM ET, where Mr. Draghi is expected to announce the details of the ECB's bond-buying program.
• The Bank of England today after its policy meeting announced that it left the base rate unchanged at 0.50% and left its asset purchase target unchanged at 375 billion pounds, which was in line with market expectations. The Bank of England expanded its asset purchase target by 50 billion pounds to the current level of 375 billion pounds back in July. The Bank of England continues to maintain a very stimulative monetary policy as it tries to support the economy and offset the impact of fiscal tightening.
• Sweden's central bank today cut its key policy rate by 25 bp to 1.25%, leading to a 0.2% drop in the Swedish krona against the euro.
• Spain today successfully sold 3.5 billion euros of debt. The government sold 2-year notes at an average yield of 2.798%, down sharply from 4.706% at the last 2-year sale in June. However, the bid cover ratio was only 2.01, down from 3.97 at the last auction. The government also sold 3 and 4-year securities today.
• Eurozone Q2 GDP was left unrevised at -0.2% q/q although the year-on-year figure was revised slightly lower to -0.5% y/y from the preliminary estimate of -0.4% y/y.
• German July factory orders rose +0.5% m/m, which was slightly stronger than market expectations of +0.3% m/m and a big improvement from the revised -1.6% m/m decline seen in June.
• The Chinese stock market rose +0.7% today in part because of increased stimulus expectations after a government agency approved a subway plan for 18 cities.
  Market Comments
  • Sep E-mini S&Ps this morning are up +8.00 points (+0.57%) on the ECB's announcement of its bond-buying plan, which should help to contain the Eurozone debt crisis. The broad U.S. stock market on Wednesday closed slightly lower: S&P 500 -0.11%, Dow Jones +0.09%, Nasdaq 100 -0.18%. Bearish factors included (1) the 2% decline in FedEx, which was forced to downgrade its earnings guidance due to weak global shipping business, (2) the sharp decline in the NY Aug manufacturing PMI index to 51.4 from July's 55.2, (3) carry-over worries about Tuesday's 0.2 point decline in the Aug ISM manufacturing index to 49.6, (4) weak European economic data with the decline in Eurozone July retail sales (-0.2% m/m and -1.7% y/y) and the downward revision in the Eurozone final-Aug services PMI by 0.3 points to 47.2 from 47.5, and (5) a report from a Chinese government agency that China's 2012 industrial output will slow to about +10% y/y from +13.9% in 2011 and +15.7% in 2010, Bullish factors supporting the stock market included the report that the ECB's proposed bond-buying plan will involve the unlimited purchase of bonds of less than 3 years in maturity and continued hopes that the FOMC next week will decide to launch QE3.
  • Dec 10-year T-notes this morning are down 4 ticks as the ECB's bond-buying plan has reduced safe-haven demand for Treasury securities. Dec 10-year T-note prices on Wednesday closed slightly lower: TYZ2 -1.5, FVZ2 +0.5. T-notes saw some reduced safe-haven demand with the ECB's apparent intention to buy unlimited amounts of short-term bonds to try to contain the European debt crisis.
  • The dollar index this morning is down -0.09 points (-0.11%) while EUR/USD is slightly higher by +0.0011 (+0.09%) on the ECB's bond-buying program. USD/JPY is up +0.09 points (+0.11%). The dollar index on Wednesday closed slightly lower: Dollar index -0.08 (-0.10%), EUR/USD +0.0035 (+0.28%), USD/JPY -0.04 (-0.05%). The dollar index on Wednesday saw some reduced safe-haven demand and EUR/USD saw some support on the report that the ECB plans to buy unlimited quantity of bonds to contain the Eurozone debt crisis. The bullish aspects of that news included (1) that the bond-buying plan could actually contain the Eurozone debt crisis and lead to a slow improvement in the Eurozone economy, and (2) that the ECB intends to sterilize, or offset, the bond purchases with reserve draining operations, meaning that the operation would not involve the printing of new euros.
  • Oct WTI crude oil prices this morning are up +1.11 (+1.16%) and Oct gasoline is up +0.0277 (+0.94%). Oct crude oil and gasoline prices on Tuesday closed narrowly mixed: CLV2 +0.06 (+0.06%), RBV2 -0.0024 (-0.08%). Crude oil and gasoline prices continue to see underlying support from the ongoing disruptions in the Gulf of Mexico from Hurricane Isaac, although the six refineries that were shut down by Isaac are now mostly back up and running. As of Wednesday at 12:30 PM ET, 49% of oil production in the Gulf and 26% of natural gas production was still shut down from Isaac. The loss of crude oil production in the Gulf of Mexico over the past week will help bring U.S. crude oil inventories down to less excessive levels than existed before the hurricane. Today's weekly DOE report is expected to show a 5.5 million barrel drop in crude oil inventories due to distortions from Hurricane Isaac, which closed about 95% of oil platforms in the Gulf of Mexico and temporarily halted tanker deliveries of crude oil from overseas. The refinery utilization rate may have fallen by as much as 1.8 points to 89.4% of capacity. The market is looking for a 3 million barrel decline in gasoline inventories and a 1.5 million barrel drop in distillate inventories due to the refinery shut-downs.
  • 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): ULTA-Ulta Salon Cosmetics (Consensus $0.51), COO-Cooper (1.29), UTIW-UTI Worldwide (0.23), NAV-Navistar (-1.41).
    Global Financial Calendar
    

    Thursday 9/6/12
    United States
    0730 ET	Aug Challenger job cuts, July -44.5% y/y.
    0815 ET	Aug ADP employment change expected +145,000, July +163,000.
    0830 ET	Weekly initial unemployment claims expected -4,000 to 370,000, previous unch at 374,000. Weekly continuing claims expected -1,000 to 3.315 million, previous -5,000 to 3.316 mln.
    1000 ET	Aug ISM non-manufacturing index expected -0.1 to 52.5, July +0.5 to 52.6.
    1030 ET	DOE Weekly Petroleum Status Report.
    1100 ET	Treasury announces amounts of 3-year T-notes (previous $32 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Sep 11-13.
    1630 ET	Weekly money supply report and Fed balance sheet.
    n/a	Aug ICSC chain store sales, July +1.9% y/y.
    Euro-Zone
    0500 ET	Eurozone Q2 GDP expected -0.2% q/q and -0.4% y/y.
    0745 ET	ECB announces outcome of policy meeting; refi rate expected unchanged at 0.75%.
    1330 ET	ECB Council members Yves Mersch and Luc Coene speak at the Executive Club Luxembourg.
    Germany
    0600 ET	German July factory orders expected +0.3% m/m and -4.5% y/y, Jun -1.7% m/m and -7.8% y/y.
    United Kingdom
    0700 ET	BOE announces outcome of policy meeting with base rate expected unchanged at 0.50%. BOE asset purchase target expected unchanged at 375 billion pounds.

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

3 S and P 500 Large Cap Stocks

Today I used Barchart to screen the S&P 500 Large Cap Index stocks to find the 3 with the best technical indicators and found McCormick & Co (MKC), McGraw-Hill (MHP) and Discovery Communications (DISCA)

McCormick & Co (MKC)

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 3.30% in the last month
• Relative Strength Index 67.96%
• Barchart computes a technical support level at 60.66
• Recently traded at 61.98 with a 50 day moving average at 60.42

McGraw-Hill (MHP)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 5.80% in the last month
• Relative Strength Index 76.07%
• Barchart computes a technical support level at 50.98
• Recently traded at 51.23 with a 50 day moving average of 47.36

Discovery Communications (DISCA)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 5.23% in the last month
• Barchart computes a technical support level at 54.01
• Recently traded at 55.05 with a 50 day moving average of 52.84

Barchart Morning Call 9/4

Barchart Morning Call

BC - Tue Sep 04, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps this morning are slightly lower by -0.11% on lower European and Asian stocks and on nervousness heading into today's U.S. ISM manufacturing index, Thursday's ECB meeting, and Friday's U.S. unemployment report (Aug payrolls expected +125,000). Commodity prices this morning are up by an average +0.48% with Oct crude oil up +0.39%, Dec gold up +0.28%, Dec copper up +0.72%, and with agricultural prices trading mostly higher. The Euro Stoxx 50 index is down -0.20% today on Moody's cut in the EU rating outlook and on some long liquidation pressure after Monday's rally of +0.92%. The dollar index this morning is up +0.07% while EUR/USD is down -0.06%. Sep 10-year T-note prices are down -2.5 ticks.
• Asian stocks today closed mostly lower: Japan -0.10%, Hong Kong -0.66%, China -1.08%, Taiwan +0.01%, Australia -0.60%, Singapore -0.19%, South Korea -0.27%, India +0.32%, Turkey +0.05%.
• Moody's cut the outlook for the European Union's Aaa rating to negative from stable due to risks to Germany, France, and the Netherlands. Moody's said, "The creditworthiness of these member states is highly correlated, as they are all exposed, albeit to varying degrees, to the euro-area debt crisis."
• The 10-year Italian bond yield today is down 5 bp at 5.72% on reports that ECB President Draghi told an EU committee on Monday that the ECB's plan is to buy bonds with maturities up to 3 years. The ECB on Thursday is widely expected to announce the details of its bond buying plan. French President Hollande is scheduled to meet today in Rome with Italian Prime Minister Monti.
• The UK Aug PMI manufacturing index rose by 4.3 points to 49.5 from a revised 45.2 in July and was much stronger than market expectations for a report of 46.1.
• On Monday, Germany's Aug final PMI manufacturing index was revised lower by 0.4 points to 44.7 from the preliminary report of 45.1. Eurozone's Aug final PMI manufacturing index was revised 0.2 points lower to 45.1 from the preliminary report of 45.3.
• China's Aug manufacturing PMI report on Saturday from the China Federation of Logistics and Purchasing and the National Bureau of Statistics showed a sharp -0.9 point decline to 49.2, falling below the expansion-contraction level of 50.0 for the first time since November 2011. On Monday, China's manufacturing PMI from HSBC/Markit for August was revised 0.2 points lower to 47.6 from the flash report of 47.8. That put the PMI down sharply by 1.7 points from July. The manufacturing PMI reports were negative indicators for the Chinese economy but the markets took the reports to mean that Chinese government economic stimulus is more likely.
  Market Comments
  • Sep E-mini S&Ps this morning are trading -1.50 points (-0.11%) on this morning's -0.20% sell-off in the Euro Stoxx 50 and on general market concerns ahead of this week's key economic news that includes Thursday's ECB meeting and Friday's U.S. Aug unemployment report. E-mini S&Ps were also undercut by the weak Chinese manufacturing PMI reports that were released on Saturday and Monday, although those reports also boosted the chances that the Chinese government will launch new stimulus measures. The U.S. stock market on Friday whipsawed higher after Fed Chairman Bernanke's speech and finished with moderate gains: S&P 500 +0.51%, Dow Jones +0.69%, Nasdaq 100 +0.67%. Bullish factors included (1) Fed Chairman Bernanke's assertion that the Fed will ease again "if economic conditions warrant," (2) the unexpected increase in the final Aug U.S. University of Michigan consumer confidence, and (3) the stronger than expected +2.8% increase in July factory orders, the biggest gain in a year. Limiting gains in stocks was the bigger-than-expected decline in the Aug Chicago purchasing managers index (-0.7 to 53.0) and global growth concerns after Japan's July industrial production unexpectedly contracted by -1.2% m/m and German July retail sales unexpectedly weakened by -0.9% m/m.
  • Dec 10-year T-notes this morning are down 2.5 ticks. Dec 10-year T-note futures prices on Friday rebounded from early losses and posted a 1-month high and finished with moderate gains after Fed Chairman Bernanke wouldn't rule out additional bond purchases: TYZ2 +18.5, FVZ2 +10.2. Bearish factors included the stronger-than-expected economic data on July factory orders and Aug University of Michigan consumer confidence that helped fuel a rally in stocks.
  • The dollar index this morning is slightly higher by +0.05 (+0.07%), with EUR/USD down -0.0007 (-0.06%) and USD/JPY +0.12 (+0.15%). The dollar index on Friday slumped to a 3-1/4 month low and finished with moderate losses on concern Fed Chairman Bernanke may go ahead with additional dollar negative bond purchases in an effort to boost the economy: Dollar index -0.483 (-0.59%), EUR/USD +0.0075 (+0.60%), USD/JPY -0.24 (-0.31%).
  • Oct WTI crude oil prices this morning are up +0.38 points (+0.39%) a barrel and Oct gasoline is up +0.0245 (+0.82%) on hopes for additional central bank stimulus during September and on continued disruptions from Hurricane Isaac last week. As of Monday, 58% of oil production and 39% of natural gas production in the Gulf of Mexico was still closed down, according to the U.S. Bureau of Safety and Environmental Enforcement. Crude oil and gasoline prices on Friday rallied and closed higher after the dollar weakened when Fed Chairman Bernanke said he wouldn't rule out additional stimulus to stimulate the economy: CLV2 +1.01 (+1.07%), RBV2 +0.00648 (+2.23%). Other bullish factors included the stronger-than-expected U.S. economic data on July factory orders and Aug University of Michigan consumer confidence along with speculation that U.S. gasoline inventories will tighten after Hurricane Isaac shut down 13% of Gulf Coast refining capacity.
  • 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): CPB-Campbell Soup (Consensus $0.38), SFD-Smithfield Foods (0.45), CIM-Chimera Investment (0.10), FCE-Forest City Enterprises (0.06), FRAN-Francesca's Holdings (0.24), GWRE-Guidewire Software (0.04), CUB-Cubic Corp. (0.77), FNSR-Finisar (0.14), NX-Quanex Building Products (0.22).
    Global Financial Calendar
    

    Tuesday 9/4/12
    United States
    1000 ET	Aug ISM manufacturing expected +0.2 to 50.0, July +0.1 to 49.8. Aug ISM prices paid expected +7.0 to 46.5, July +2.5 to 39.5.
    1000 ET	July construction spending expected +0.4%, Jun +0.4%.
    1100 ET	USDA weekly grain export inspections.
    1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
    1600 ET	USDA Crop Progress
    1700 ET	Aug total vehicle sales expected 14.17 million, July 14.05 million. Aug domestic vehicle sales expected 11.00 million, July 11.00 million.
    United Kingdom
    0430 ET	UK Aug construction PMI expected-0.9 to 50.0, July 50.9.
    Euro-Zone
    0500 ET	Eurozone July PPI expected +0.2% m/m and +1.6% y/y, June -0.5% m/m and +1.8% y/y.
    0630 ET	EU President Herman Von Rompuy meets German Chancellor Merkel in Berlin.
    CHI
    2230 ET	China Aug HSBC services PMI, previous 53.1.

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

Anheuser Busch Inbev - BUD - Barchart Chart of the Day

Barchart.com's Chart of the Day - Anheuser-Busch Inbev Sa (BUD)

Barchart Research Team - BC - Fri Aug 31, 6:47PM CDT

The "Chart of the Day" is Anheuser-Busch Inbev Sa (BUD), which showed up on Friday's Barchart "All-Time High" list. Anheuser-Busch posted an all-time high Friday at $84.65 and closed up +1.00%. TrendSpotter has been long Anheuser-Busch since June 19 at $71.29. In recent news on the stock, Major League Baseball Properties and Anheuser-Busch agreed on Aug 22 to a 6-year renewal of their sponsorship agreement through the 2018 season. Under the agreement, Budweiser is designated the official beer sponsor of MLB and will be the presenting sponsor of the wild-card playoff games on Oct 5. Anheuser-Busch, with a market cap of $134.6 billion, is the leading American brewer with a 47.7% share of U.S. beer sales to retailers. It also brews and manufacturers ale, lager, and stout and is a major manufacturer of aluminum cans and has been a leading aluminum recycler for more than 30 years. It has production plants in Europe, the Americas and Asia.


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

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