3 New High Stocks

This morning I sorted the Barchart New High list to find the ones hitting the most frequent new highs in the past month and found Vonage Holdings (VG), Walker & Dunlop (WD) and AEP Industries (AEPI):

Vonage Holdings (VG)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 20 new highs and up 15.38% in the last month
• Relative Strength Index 62.96%
• Barchart computes a technical support level at 2.30
• Recently traded at 2.40 with a 50 day moving average of 2.09

Walker & Dunlop (WD)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 50 day moving averages
• 19 new highs and up 27.85% in the last month
• Relative Strength Index 77.98%
• Barchart computes a technical support level at 15.34
• Recently traded at 15.93 with a 50 day moving average of 13.04

AEP Industries (AEPI)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 18.40% in the last month
• Relative Strength Index 92.34%
• Barchart computes a technical support level at 55.89
• Recently traded at 58.10 with a 50 day moving average of 49.32

Barchart Morning Call 9/21

Barchart Morning Call

BC - Fri Sep 21, 7:00AM CDT

Overnight Developments

• Dec E-mini S&Ps this morning are slightly higher by +0.15% as global stocks were encouraged by FT's report that Spain next week will accept the ECB/ESM bailout program. The Euro Stoxx 50 index is up +0.10%. Asian stocks today closed higher across the board with Japan +0.25%, Hong Kong +0.70%, and China +0.14%. Commodity prices are up +0.56% this morning with Nov crude oil +0.71%, Dec gold +0.33%, Dec copper +0.69%, and agricultural prices trading mostly higher. The dollar index is down -0.25% while EUR/USD is up 0.32%. Dec 10-year T-note prices are up +0.5 tick.
• India's stock market rallied 2.20% today after the government changed tax rules on overseas loans and the country's third largest political party agreed to support the government.
• EUR/USD is higher this morning on a report late yesterday by the Financial Times that Eurozone and Spanish officials are quietly negotiating a pre-packaged plan that will be released next Thursday where Spain can formally request participation in the ECB/ESM bond-buying program while knowing what additional restrictions that Eurozone officials will require.
• Greek Prime Minister Samaras travels to Rome today to meet with the leaders of Italy, Spain and Ireland. Mr. Samaras this week was again unable to get the agreement of the Democratic Left, one of his coalition partners, to the 11.5 billion euro package of budget cuts that is being required by Eurozone officials for the next tranche of aid. Another Greek coalition meeting will be held next week to try to get the package approved before the troika report is completed and given to Eurozone finance ministers for their meeting on Oct 8 to decide Greece's fate on whether it will receive its next aid package.
• The UK today reported an Aug budget deficit of -14.4 billion pounds, which was narrower than market expectations of -15.0 billion pounds but was the country's largest August budget deficit on record. The report highlighted the UK's trouble in meeting its budget deficit reduction targets while austerity measures are hurting GDP growth and tax revenues. UK Chancellor of the Exchequer George Osborne will either need to loosen his deficit reduction targets or he will have to impose new spending cuts.
• Japanese Prime Minister Noda today won his party's leadership vote and will keep his job as Prime Minister for the time being. Mr. Noda's party, the Democratic Party of Japan (DPJ) controls the lower house of parliament. Mr. Noda must call an election by August 2013 but he may call an election earlier if he thinks his party can win.
  Market Comments
  • Dec E-mini S&Ps this morning are up +0.15% on slightly higher European stocks (+0.10%) and across the board gains in Asian stocks. E-minis were supported by FT's report that Spain will accept a government bailout next week. The S&P 500 index on Thursday closed slightly lower and continued to consolidate below last Friday's 4-3/4 year high: S&P 500 -0.05%, Dow Jones +0.14%, Nasdaq 100 -0.08%. Bearish factors centered on negative economic data that included the decline of only 3,000 in U.S. initial unemployment claims to 382,000, China's flash HSBC manufacturing PMI report of 0.2 to 47.8 that remained below 50 for the 11th consecutive month, and a 5.8% y/y drop in Japanese exports overall and a 9.9% y/y plunge in Japanese exports to China.
  • Dec 10-year T-notes this morning are slightly higher by +0.5 tick. Dec 10-year T-note prices on Thursday closed mildly higher: TYZ2 +3, FVZ2 +0.5. T-note prices received a boost from generally weak global economic data and the poor U.S. initial unemployment claims report. However, T-note prices were undercut by a weak 10-year TIPS auction where the bid cover ratio of 2.36 was the lowest since April 2009.
  • The dollar index this morning is down -0.20 (-0.25%) and EUR/USD s up +0.0042 (+0.32%) on FT's report that Spain will accept a government bailout next week. USD/JPY is virtually unchanged. The dollar index on Thursday closed moderately higher: Dollar index +0.36 (+0.46%), EUR/USD -0.0081 (-0.62%), USD/JPY -0.14 (-0.18%). The dollar received a boost from (1) short-covering after the sharp sell-off that has been seen in the past two months, and (2) weak European, Chinese and Japanese economic data that boosted safe-haven demand for the dollar and the perception of U.S. economic growth relative to its main trading partners. An IMF official said Thursday that the IMF will cut its growth estimates for the global economy by "a few decimal points." The official said that "we expect the global economy to recover gradually over the next year." EUR/USD received some support late in the day after the Financial Times reported that Eurozone and Spanish officials are working on a prepackaged plan to be announced next Thursday that will allow Spain to formally request participation in the ECB/ESM bond-buying program.
  • Nov WTI crude oil prices this morning are up +0.66 (+0.71%) and Nov gasoline is up +0.0158 (+0.57%) on some pre-weekend short-covering after this week's steep losses. Nov crude oil and gasoline prices on Thursday recovered modestly on some short-covering after the plunge seen early in the week: CLX2 -3.32 (-3.47%), RBV2 -0.0819 (-2.92%). Crude oil prices on Thursday saw a modest recovery rally, but sentiment remained generally bearish as the market continues to adjust to Saudi Arabia's willingness to boost production to push prices lower. In addition, the IEA on Thursday said that the oil market is sufficiently supplied and that additional crude is coming from Saudi Arabia and Canada. However, the IEA also made a bullish comment by suggesting that there will be no near-term release of strategic oil reserves.
  • 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): DRI-Darden Restaurants (Consensus:$0.83), FUL-HB Fuller (0.54), KBH-KB Home (-0.15).
    Global Financial Calendar
    

    Friday 9/21/12
    United States
    1240 ET	Atlanta Fed President Dennis Lockhart speaks on the U.S. economic outlook and monetary policy to the Atlanta Institute of Internal Auditors.
    1500 ET	USDA Cattle on Feed.
    1500 ET	USDA Cold Storage.
    United Kingdom
    0430 ET	UK Aug public finances (PSNCR), July -22.9 bln pounds. Aug PSNB ex interventions, July 0.6 bln pounds. Aug public sector net borrowing, July -1.8 bln pounds.

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

Watson Phamaceutical - WPI - Barchart Chart of the Day

Barchart.coms Chart of the Day - Watson Pharmaceuticals (WPI) Barchart Research Team - BC - Thu Sep 20, 4:18PM CDT The "Chart of the Day" is Watson Pharmaceuticals (WPI), which showed up on Thursday's Barchart "All-Time High" list. Watson on Thursday posted a new all-time high of $84.36 and closed +0.59%. TrendSpotter took a profit on a long trade last Friday and then gave a new buy signal on Wednesday. In recent news on the stock, Guggenheim on Sep 18 initiated coverage on Watson with a Buy and a target of $100. Goldman on Sep 11 downgraded Watson to Buy from Conviction Buy due to valuation but raised its target to $95 from $90. Watson Pharmaceuticals, with a market cap of $10 billion, is a pharmaceutical company primarily engaged in the development and sale of both branded and off-patent pharmaceutical 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: 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

3 Great NASDAQ 100 stocks

To day I used screened the NASDAQ 100 stocks to find the 3 with the best Barchart technical indicators and found Adobe Systems (ADBE), Comcast (CMCSA) and Fiserv (FISV)

Adobe Systems (ADBE)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 2 new highs and up .96% in the last month
• Relative Strength Index 63.99%
• Barchart computes a technical support level at 32.21
• Recently traded at 34.23 with a 50 day moving average of 32.09

Comcast (CMCSA)

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 5.34% in the last month
• Relative Strength Index 69.90%
• Barchart computes a technical support level at 34.45
• Recently traded at 35.72 with a 50 day moving average of 33.67

Fiserv (FISV)

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 3.80% in the last month
• Relative Strength Index 66.01%
• Barchart computes a technical support level at 71.68
• Recently traded at 73.42 with a 50 day moving average of 71.01

3 Small Caps You Can't Ignore

This morning I sorted the S&P Small Cap 600 Index stocks to see which had the best Barchart technical indicators and found Winnebago Industries (WGO), Virtusa Corp (VRTU) and Marriott Vacations Worldwide (VAC):

Winnebago Industries (WGO)

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 12.72% in the last month
• Relative Strength Index 78.58%
• Barchart computes a technical support level at 12.02
• Recently traded at 12.67 with a 50 day moving average of 10.93

Virtusa Corp (VRTU)

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 8.65% in the last month
• Relative Strength Index 71.53%
• Barchart computes a  technical support level at 17.49
• Recently traded at 18.33 with a 50 day moving average of 15.56

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
• 11 new highs and up 14.00% in the last month
• Relative Strength Index 76.258%
• Barchart computes a technical support level at 25.57
• Recently traded at 36.08 with a 50 day moving average of 31.59

Barchart Morning Call 9/19

Barchart Morning Call

BC - 1 hr 10 mins ago

Overnight Developments

• Dec E-mini S&Ps this morning are slightly higher by +0.12% and commodities are up +0.08% on the BOJ's unexpected action to increase its asset-purchase program. Asian stocks closed higher nearly across the board today on the BOJ's action with Japanese stocks up +1.19% and Chinese stocks up +0.49%. The Euro Stoxx 50 index this morning is slightly lower by -0.08%. Commodity prices are slightly lower on balance on this morning with Oct crude oil down -0.61%, Dec gold up +0.27%, Dec copper up +0.53%, grain prices up about 1.5% on average, and livestock and softs trading lower. The dollar index is slightly higher this morning by +0.14%, while EUR/USD is down -0.36% and USD/JPY is little changed.
• The Bank of Japan today unexpectedly increased the size of its asset-purchase fund by 10 trillion yen ($126 billion) to 55 trillion yen ($695 billion). The BOJ also dropped a minimum yield requirement for its 1.8 trillion yen in monthly securities purchases. The BOJ downgraded its assessment of the Japanese economy, saying that Japanese economic growth has "come to a pause" and that overseas economies have moved "somewhat deeper into a deceleration phase." The BOJ took the action in part to keep up with the Fed on its QE3 program and try to prevent further strength in the yen, which hurts Japanese exporters and the Japanese economy.
• Eurozone July construction output fell -0.3% m/m and -4.7%, seeing continued weakness after June's report of a revised -0.6% m/m and -2.8% y/y.
• Spanish bond yields fell today after Spanish Prime Minister Rajoy said his government is committed to reducing the budget deficit. The markets are waiting to see how Spain will fare in selling 4.5 billion euros of 3-year and 10-year bonds on Thursday. Spanish 2-year yields today fell by 23 bp to 3.11%.
• China's Aug foreign direct investment fell -1.4% y/y to $8.33 billion, which was the 9th drop in 10 months. The report at least was better than the -8.7% y/y decline seen in July and was stronger than market expectations of -5.8% y/y. The drop in foreign investment in China reflects the slowing Chinese economy and the reduced opportunities available to invest in China. The recent territorial dispute by China and Japan over the islands in the East China Sea will certainly further reduce future Japanese investment in China.
• Honda said that it will resume operations at some of its factories on Thursday. Honda, along with other Japanese manufacturers and retailers, closed factories and stores due to protests against Japan since the weekend over the Chinese-Japanese territorial dispute over islands in the East China Sea. The dispute will put a dent in Chinese economic growth and will hurt the $340 billion in trade between the two nations.
  Market Comments
  • Dec E-mini S&Ps this morning are trading slightly higher by +1.75 (+0.12%) on the BOJ's expansion of its asset-purchase program. The S&P 500 index on Tuesday consolidated below last Friday's 4-3/4 year high and closed narrowly mixed: S&P 500 -0.13%, Dow Jones +0.09%, Nasdaq 100 +0.03%. Bullish factors included (1) the unexpected 3 point rise in the Sep homebuilder confidence index to a new 6-1/4 year high of 40, and (2) an improvement in the ZEW German and European confidence indexes among investors and analysts, although the indexes remained net pessimistic. Bearish factors included (1) continued worries about Chinese economic growth, particularly with the Chinese government encouraging protests against Japan over disputed islands for political reasons rather than focusing on getting the economy going, (2) the slow progress by Eurozone officials on getting Spain stabilized, and (3) FedEx's downgrade in its earnings guidance and its outlook for global economic growth.
  • Dec 10-year T-notes this morning are up 5 ticks. Dec 10-year T-note prices on Tuesday closed mildly higher: TYZ2 +7, FVZ2 +3.25. T-notes received a boost from lower European and Chinese stocks and some short-covering after the decline seen over the past two weeks.
  • The dollar index this morning is slightly higher by +0.11 points (+0.14%) and EUR/USD is down -0.0047 (-0.36%) in continued technical corrections after the sharp moves on QE3. USD/JPY is little changed this morning but is seeing support from today's BOJ's easing move. The dollar index on Tuesday closed slightly higher: Dollar index +0.18 (+0.22%), EUR/USD -0.0069 (-0.53%), USD/JPY +0.11 (+0.14%). The dollar received a boost from lower stocks in Europe and China, the 28 bp rise in the Spanish 10-year bond yield to 5.87% from last week's 5-month low of 5.59% as disappointment grows that Spain is not jumping on the chance for at least a line of credit from the ECB/ESM, and the sell-offs in European and Asian stocks that boosted safe-haven demand for the dollar.
  • Oct WTI crude oil prices this morning are down -0.58 (-0.61%) and Oct gasoline is down -0.0060 (-0.21%) on expectations for a rise in DOE inventories today and on carry-over from Saudi Arabia's comments on Tuesday that it is willing to boost oil production through year-end to cap oil prices. Oct crude oil prices on Tuesday extended Monday's sharp sell-off: CLV2 -1.06 (-1.10%), RBV2 -0.0446 (-1.52%). Bearish factors included (1) long liquidation pressure, (2) concern about weak global economic growth with the downgrade in FedEx's assessment of the global economy, and (3) a report that Saudi Arabia will boost its oil production if needed to curb oil prices. Oil inventories in today's weekly DOE report are expected to show a second week of gains as supplies are replenished by imports and crude oil production in the Gulf after the disruptions by Hurricane Isaac, which made landfall on Aug 29. The market consensus for today's DOE report is for a +1 million barrel increase in crude oil inventories, a +1 million barrel increase in gasoline inventories, a +1 million barrel increase in distillate inventories, and a +1.0 point increase in the refinery utilization rate to 85.7%. Tuesday's API report partially supported expectations for a rise in DOE inventories today. The API on Tuesday reported that U.S. oil inventories rose +2.43 million barrels, Cushing oil inventories fell -705,000 barrels, gasoline inventories increased +135,000 barrels, and distillate inventories fell -1.12 million barrels.
  • 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): GIS-General Mills (Consensus:$0.62), ADBE-Adobe (0.59), BBY-Bed Bath and Beyond (1.02), AZO-Autozone (8.40), Ascena Retail (0.29), CLC-Clarcor (0.69).
    Global Financial Calendar
    

    Wednesday 9/19/12
    United States
    0700 ET	Weekly MBA mortgage applications, previous +11.1% with purchase sub-index +8.1% and refi sub-index +11.9%.
    0830 ET	Aug housing starts expected +2.6% to 765,000, July -1.1% to 746,000. Aug building permits expected -2.0% to 795,000, July +6.7% to 811,000.
    0945 ET	Kansas City Fed President Esther George delivers opening comments at Kansas City Fed conference "The future of workforce development."
    1000 ET	Aug existing home sales expected +2.0% to 4.56 mln, July +2.3% to 4.47 million.
    1030 ET	DOE Weekly Petroleum Status Report.
    1900 ET	Dallas Fed President Richard Fisher speaks on the economy and monetary policy at the Harvard Club of NYC.
    Japan
    n/a	BOJ's 2-day meeting concludes.
    0100 ET	Japan final-July leading index CI, prelim 91.8. Final-July coincident index, prelim 92.8.
    1950 ET	Japan Aug trade balance expected -384.6 bln yen (sa) and -829.3 bln yen (nsa), July -325.7 bln yen (sa); -517.4 bln (nsa). Aug exports expected -7.5% y/y, July -8.1% y/y. Aug imports expected -5.5% y/y, July +2.1% y/y.
    United Kingdom
    0430 ET	Bank of England meeting minutes.
    Euro-Zone
    0500 ET	Eurozone July construction output, June -0.5% m/m and -2.8% y/y.
    CHI
    2230 ET	China Sep HSBC flash manufacturing PMI, Aug 47.6.

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

Cyberonics - CYBX - Barchart Chart of the Day

Barchart.coms Chart of the Day - Cyberonics (CYBX)

Barchart Research Team - BC - Tue Sep 18, 4:09PM CDT

The "Chart of the Day" is Cyberonics (CYBX), which showed up on Tuesday's Barchart "All-Time High" list. Cyberonics on Tuesday rallied to a new all-time high of $52.49 and closed +2.62%. TrendSpotter has been long since Aug 17 at $45.07. In recent news on the stock, Piper Jaffray on Aug 29 reiterated its Overweight rating and raised its target to $52 from $44. Canaccord on Aug 29 upgraded Cyberonics to Buy from Hold and raised its target to $56 from $34. Cyberonics on Aug 28 reported fiscal Q1 EPS of 38 cents, above the analyst consensus of 36 cents. Cyberonics, with a market cap of $1.3 billion, develops and sells medical devices.


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

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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

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

3 Mid Cap Gems

Today I screened the S&P Mid Cap 400 Stock Index to find 3 with great Barchart technical indicators.  I found United Therapeutics (UTHR), Universal Health Services (UHS) and Mohawk Industries (MHK):

United Therapeutics (UTHR)

Barchart Technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 2.75% in the last month
• Relative Strength Index 66.43%
• Barchart computes a technical support level at 56.57
• Recently traded at 57.75 with a 50 day moving average of 54.43

Universal Health Services (UHS)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 30 and 100 day moving averages
• 7 new highs and up 11.45% in the last month
• Relative Strength Index 79.69%
• Barchart computes a technical support level at 42.83
• Recently traded at 44.64 with a 50 day moving average of 40.34

Mohawk Industries (MHK)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 4.04% in the last month
• Relative Strength Index 69.55%
• Barchart computes a technical support level at 76.65
• Recenlty traded at 78.00 with a 50 day moving average of 71.92

Barchart Morning Call 9/18

Barchart Morning Call

BC - Tue Sep 18, 7:00AM CDT

Overnight Developments

• Dec E-mini S&Ps this morning are trading mildly lower by -0.19%, undercut by a -1.25% drop in European stocks and a -1.04% sell-off in Chinese stocks. Chinese stocks were hurt by the China-Japan territorial dispute while European stocks continue to be undercut by slow progress by officials on the Eurozone debt crisis. Commodity prices are down -0.57% today as the long liquidation sell-off continues. Oct crude oil is down -0.49%, Dec gold is down -0.66%, Dec copper is down -1.00%, and agricultural prices are trading mostly lower. The dollar index is mildly higher by +0.14% while EUR/USD is down -0.37%. USD/JPY is down -0.11%. Dec 10-year T-notes are up 9 ticks.
• Spain today successfully sold 4.6 billion euros worth of 12-month and 18-month bills at lower yields than previous sales, which was a positive development. However, the markets are waiting to gauge investors' reception for Spain's sale of 4.5 billion euros worth of 3-year and 10-year bonds on Thursday, which will be a tougher sell.
• Spain's Deputy Prime Minister Soraya Saenz de Santamaria said today that Spain will consider a rescue if the conditions are acceptable. Spanish bond yields have recently been rising since Spain has dragged its feet on requesting a bailout from the ECB/ESM bond-buying program due to political considerations of not wanting to submit to Eurozone austerity supervision.
• The ZEW Sep index of German investor and analyst expectations improved to -18.2 from -25.5 in August, which was better than market expectations of -20. The ZEW Eurozone economic sentiment index showed a sharp improvement to -3.8 from -21.2 in August.
• The UK Aug CPI report +0.5% m/m and +2.5% y/y was in line with market expectations. The UK Aug core CPI eased to +2.1% y/y from +2.3% y/y in July.
• There were protests again today in China against Japan today as the dispute continues over the Diaoyu/Senkaku islands. The protests, which led to attacks over the weekend on some Japanese retail stores and factories, jeopardizes $340 billion in trade between the two countries, neither of which can afford to see exports slip.
• Prices for newly constructed homes in China rose in 35 of 70 cities surveyed in August, down from 49 cities in July. The deceleration in home prices is a helpful development since it means that Chinese officials may stop looking for ways to crack down on property price gains.
  Market Comments
  • Dec E-mini S&Ps this morning are down -2.75 (-0.19%) on continued long liquidation pressure after the QE3 rally and on lower European and Chinese stocks. The S&P 500 index on Monday fell back from Friday's 4-3/4 year high and closed slightly lower: S&P 500 -0.31%, Dow Jones -0.30%, Nasdaq 100 +0.04%. Bearish factors included (1) long liquidation pressure after the sharp rally seen in the past 3 months, and (2) the weaker-than-expected 4.5 point decline in the Sep NY Empire manufacturing index to -10.4 versus expectations for a 3.9 point rise to -2.0. The U.S. stock market was also undercut by a 2.45% sell-off in Chinese stocks on Monday on concern about protests in China over dispute islands with Japan that resulted in damage to some Japanese stores and factories. In addition, the Hong Kong central bank put curbs on mortgages in an effort to curb property price gains, which was bearish for property stocks.
  • Dec 10-year T-notes this morning are up 9 ticks on some increased safe-haven demand with this morning's sell-off in global stocks. Dec 10-year T-note prices on Monday closed mildly higher: TYZ2 +4.5, FVZ2 -0.5. T-notes saw some short-covering after last Friday's sharp sell-off and a small boost in safe-haven demand with Monday's weakness in stocks.
  • The dollar index this morning is slightly higher by +0.11 points (+0.14%) on some increased safe-haven demand with the lower trade in global stocks. EUR/USD is down -0.37% and USD/JPY is down -0.11%. The dollar index on Monday closed slightly higher: Dollar index +0.10 (+0.13%), EUR/USD -0.0002 (-0.02%), USD/JPY +0.32 (+0.41%). The dollar saw a little short-covering after last week's plunge on QE3, but failed to get any upside head of steam. EUR/USD was undercut after Eurozone finance ministers at their meeting on Friday/Saturday failed to agree on a timetable for the centralization of Eurozone banking regulation and only made modest progress on the ECB/ESM bond buying program, although the meeting did give the impression that Eurozone officials will be open to giving Greece more time to meet its deficit targets.
  • Oct WTI crude oil prices this morning are down -0.47 (-0.49%) on continued long liquidation pressure combined with the slightly higher dollar index. However, Oct gasoline is up +0.0097 (+0.33%). Oct crude oil prices on Monday fell sharply: CLV2 -2.38 (-2.40%), RBV2 -0.0723 (-2.40%). Crude oil prices ran into some heavy long liquidation pressure combined with the weaker-than-expected NY Empire index report. There was another round of speculation about whether President Obama will order a release of oil from the Strategic Petroleum Reserve. Oil futures prices on Monday saw a sharp and unexplained downdraft of as much as $4 per barrel, which some traders attributed to stop orders in a thinly traded market.
  • 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): FDX-FedEx (Consensus:$1.41), CIM-Chimera Inv Corp (0.10), MANU-Manchester United (-0.09), CBRL-Cracker Barrel (1.30).
    Global Financial Calendar
    

    Tuesday 9/18/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0830 ET	Q2 current account balance expected -$127.5 bln, Q1 -$137.3 billion.
    0855 ET	Redbook weekly retailer sales.
    0900 ET	July net long-term TIC flows, Jun +$9.3 billion.
    1000 ET	Sep NAHB housing market index expected +1 to 38, Aug +2 to 37.
    11:30 ET	NY Fed President William Dudley speaks on economic conditions before the Morris Count Chamber of Commerce in Florham Park, NJ.
    1130 ET	Weekly 4-week T-bill auction.
    1630 ET	API weekly U.S. oil statistics.
    1630 ET	NY Fed President William Dudley speaks on economic conditions before Montclair State University in Montclair, NJ.
    1915 ET	Richmond Fed President Jeffrey Lacker speaks on "Maximum Employment and Monetary Policy" in New York to Money Marketeers.
    Euro-Zone
    0200 ET	Aug EU27 new car registrations.
    0500 ET	Eurozone Sep ZEW economic sentiment index, Aug -21.2.
    Germany
    0500 ET	German Sep ZEW economic sentiment expected -20.0, Aug -25.5. Sep current situation, Aug 18.2.
    United Kingdom
    0430 ET	UK Aug CPI expected +0.5% m/m and +2.5% y/y, July +0.1% m/m and +2.6% y/y. Aug core CPI expected +2.1% y/y, July +2.3% y/y.
    0430 ET	Aug RPI expected +0.5% m/m and +3.1% y/y, July +0.1% m/m and +3.2% y/y. Aug RPI ex mortgage interest payments expected +3.2% y/y, July +3.2% y/y.
    Japan
    n/a	Bank of Japan 2-day meeting begins.

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

Simon Property Group - SPG - Barchart Chart of the Day

Barchart.coms Chart of the Day - Simon Property Group (SPG)

Barchart Research Team - BC - Mon Sep 17, 4:40PM CDT

The "Chart of the Day" is Simon Property Group (SPG), which showed up on Monday's Barchart "All-Time High" list. Simon Property on Monday posted a new all-time high of $164.17 and closed +0.51%. TrendSpotter just turned long last Friday at $162.70. "Chart of the Day" featured Simon Property Group about 6 months ago as of the March 19, 2012 close of $143.58. In recent news on the stock, Simon Property Group on July 24 reported Q2 funds from operation of $1.89, above the consensus of $1.81. Goldman Sachs on July 16 initiated coverage on Simon Property with a Conviction Buy and a target of $187. Simon Property Group, with a market cap of $49 billion, is a real estate investment trust (REIT) that specializes in regional malls and community shopping centers.


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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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

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

5 Great Large Caps

This morning I used Barchart to screen the S&P 500 Large Cap Index stocks to find the 5 with the best Barchart technical indicators and found Zimmer Holdings (ZMH), Exxon Mobil (XOM), Xilinx (XLNX), XL Company Switzerland GMBH (XL) and Weyerhaeuser (WY):

Zimmer Holdings (ZMH)

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 8.82% in the last month
• Relative Strength Index 75.57%
• Barchart computes a technical support level at 65.95
• Recently traded at 66.80 with a 50 day moving average of 62.14

Exxon Mobil (XOM)

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 4.65% in the last month
• Relative Strength Index 74.68%
• Barchart computes a technical support level at 90.83%
• Recently traded at 92.30 with a 50 day moving average of 87.25

Xilinx (XLNX)

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 5.61% in the last month
• Relative Strength Index 64.91%
• Barchart computes a technical support level at 34.22
• Recently traded at 35.23 with a 50 day moving average of 33.11

XL Company Switzerland GMBH (XL)

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 7.03%
• Relative Strength Index 79.33%
• Barchart computes a technical support level at 24.23
• Recently traded at 24.68 with a 50 day moving average of 22.13

Weyerhaeuser (WY)

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 14.56% in the last month
• Relative Strength Index 86.06%
• Barchart computes a technical support level at 26.21
• Recently traded at 27.15 with a 50 day moving average of 24.01

Barchart Morning Call

Barchart Morning Call

BC - Fri Sep 14, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps this morning are up +0.48% on continued optimism about the FOMC's aggressive QE3 program announced yesterday. The FOMC said its $40 billion per month in mortgage purchases will continue until the labor market shows a substantial recovery. The FOMC also extended its forecast for exceptionally low interest rates by 6 months to at least mid-2015 from late-2014. Commodity prices are sharply higher again this morning with an average +1.05% gain. Oct crude oil is sharply higher by +1.76%, Dec gold is up +0.29%, Dec copper is up +3.13%, and agricultural prices are higher nearly across the board. Stocks have rallied around the world. The Euro-Stoxx 50 index is up +1.99% and most Asian stock markets showed gains of 1-3%. Japan closed +1.83%, Hong Kong +2.9%, and China +0.74%. Sep 10-year T-note prices are down 17 ticks this morning as safe-haven demand evaporates. The dollar index is down by another -0.63% and EUR/USD is up +0.94%.
• The Spanish 10-year bond yield is down 5 bp at a 5-month low of 5.58%. Eurozone finance ministers are holding a 2-day meeting starting today where a key topic is whether Spain will formally request aid from the ECB/Eurozone bond-buying program. Spanish Prime Minister Rajoy continues to delay a decision as he waits to see if bond yields are going to stay down and what kind of conditions may be attached to requesting aid. Eurozone officials will also get a preliminary report from troika officials on Greece, but any final decisions on Greece need to wait until early October when the final troika report will be available and when it will be known if Greek Prime Minister Samaras will be able to push the 11.5 billion euro spending cut package through Parliament that Eurozone officials are demanding.
• Standard & Poors today upgraded South Korea's debt rating, leading to a 1% rally in the South Korean won.
• Reuters is reporting that China's Xi is recovering and may appear in public on Saturday. Xi is due to take command of the Chinese government in October but has been absent from public view for more than a week and has missed meetings with key foreign officials, leading to frenzied speculation about the reason for his disappearance. The lack of transparency by the Chinese government has not been encouraging to global investors although the Chinese stock market has shown no obvious weakness directly tied to the controversy.
• Japan's final industrial production report was revised slightly higher to -1.0% m/m and -0.8% y/y from the preliminary report of -1.2% m/m and -1.0% y/y.
• The Eurozone Aug CPI report of +0.4% m/m and +2.6% y/y was in line with market expectations. The Aug core CPI report of +1.5% y/y was weaker than expectations and July's report of +1.7% y/y.
• The Eurozone Q2 employment report showed weakness since it was unchanged q/q and -0.6% y/y.
  Market Comments
  • Dec E-mini S&Ps this morning are up +7.00 points (+0.48%) on relief that the rest of the world's stock markets have rallied sharply and have also been impressed by the FOMC's QE3 program. The S&P 500 index on Thursday closed sharply higher and posted a new 4-1/2 year high: S&P 500 +1.63%, Dow Jones +1.55%, Nasdaq 100 +1.42%. The stock market received a strong boost from the outcome of the FOMC meeting. The QE3 program of $40 billion per month of mortgage securities was on the lower end of market expectations. However, the market was very encouraged by the Fed's other statements which included (1) an extension of its forecast for "exceptionally low" interest rates from "at least late 2014" to "at least mid-2015," (2) the FOMC's statement that it will undertake "additional asset purchases and employ its other policy tools as appropriate" if the "outlook for the labor market does not improve substantially," and (3) that "a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens."
  • Dec 10-year T-notes this morning are down 17 ticks on reduced safe-haven demand as most of the world's stock markets have rallied by an average 2% overnight. In addition, inflation expectations are ticking higher due to the FOMC's aggressive QE3 program. T-note prices on Thursday closed moderately higher: TYZ2 +13.5, FVZ2 +7. The T-note market was disappointed that the QE3 program did not include Treasury purchases, but the T-note market rallied anyway because of the Fed's strong statements indicating that the extraordinarily easy monetary policy will continue even longer than the Fed earlier indicated. The longer end of the T-note market was relieved that the Fed left in place its Operation Twist program through year-end. There was also some post-auction relief yesterday after the Fed concluded its $66 billion auction package.
  • The dollar index this morning has extended the sharp 1-1/2 month-long sell-off to a new 4-month low and is sharply lower by -0.50 points (-0.63%). The dollar is suffering from a combination of reduced safe-haven demand and increased concern about inflation with the Fed's new QE3 dollar-printing operation. EUR/USD is sharply higher by +0.0122 (+0.94%). USD/JPY is up +0.45 (+0.58%). The dollar index on Thursday closed sharply lower and extended the sell-off to a new 4-month low: Dollar index -0.48 (-0.60%), EUR/USD +0.0091 (+0.71%), USD/JPY -0.37 (-0.48%). The dollar was undercut by the Fed's QE3 program and the extension of the Fed's zero-interest-rate policy language to mid-2015 from late-2014, which hurt the dollar's interest rate differentials for 2014 and 2015. EUR/USD also received a boost as German Chancellor Schaeuble said that Spain would be "daft" to request the ECB's bond-buying program if it is not necessary, rejecting the French pressure for Spain to accept the bond-buying program. The markets are encouraged that the ECB may have sufficiently impressed the markets about its dedication to saving the euro that Spain and Italy might not even need the bond-buying program.
  • Oct WTI crude oil prices this morning are sharply higher by +$1.73 (+1.76%) and Oct gasoline is up +0.0503 (+1.70%) as the entire commodity sector rallies sharply on QE3. Oct crude oil and gasoline prices on Thursday closed mixed: CLV2 +1.30 (+1.34%), RBV2 -0.0394 (-1.31%). Crude oil prices were boosted by the sharp sell-off in the dollar index and by the QE3 program, which could be inflationary down the road and is therefore bullish for hard assets such as commodities. Gasoline prices on Thursday bucked the bullish trend in commodity prices and closed lower on the carry-over concern about the weak 5.3% drop in weekly fuel demand seen in Wednesday's weekly DOE report and on the ramping up of refinery operations following the disruptions from Hurricane Isaac.
  • 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): No reports.
    Global Financial Calendar
    

    Friday 9/14/12
    United States
    0830 ET	Aug CPI expected +0.6% m/m and +1.7% y/y, July unchanged m/m and +1.4% y/y. Aug CPI ex food & energy expected +0.2% m/m and +2.0% y/y, July +0.1% m/m and +2.1% y/y.
    0830 ET	Aug retail sales expected +0.8% and +0.7% less autos, July +0.8% and +0.8% less autos.
    0830 ET	NOPA Aug soybean crush report.
    0915 ET	Aug industrial production expected unchanged m/m, July +0.6%. Aug capacity utilization expected -0.1 to 79.2%, July +0.4 to 79.3%. Aug manufacturing production, July +0.5% m/m.
    0955 ET	Preliminary Sep U.S. consumer confidence (University of Michigan) expected -0.3 to 74.0, Aug +2.0 to 74.3.
    1000 ET	July business inventories expected +0.3%, Jun +0.1%.
    Japan
    0030 ET	Japan final-July industrial production, prelim -1.2% m/m and -1.0% y/y. Final-July capacity utilization, preliminary -2.3% m/m
    Euro-Zone
    0500 ET	Eurozone Aug CPI expected +0.4% m/m and +2.6% y/y, July -0.5% m/m. Aug core CPI expected +1.7% y/y, July +1.7% y/y.
    0500 ET	Eurozone Q2 employment, Q1 -2% q/q and -0.5% y/y.

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

Amphenol - APH - Barchart Chart of the Day

Barchart.coms Chart of the Day - Amphenol (APH)

Barchart Research Team - BC - Fri Sep 14, 11:10PM CDT

The "Chart of the Day" is Amphenol (APH), which showed up on Friday's Barchart "All-Time High" list. Amphenol on Friday posted a new all-time high of $63.27 and closed +1.20%. TrendSpotter has been long since July 19 at $59.01. In recent news on the stock, Amphenol on July 18 reported Q2 EPS at 86 cents, above the consensus of 84 cents. Amphenol, with a market cap of $9.8 billion, is one of the world's largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.


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: 67% 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

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