Spectranetics - SPNC - sell signals

Today I deleted Spectranetics (SPNC) from the Barchart Van Meerten New High Portfolio for negative price momentum:

Hourly trading chart for the last month:

Barchart technical indicators:

• 43% Barchart technical sell signal
• Trend spotter sell signal
• Below its 20 and 50 day moving averages
• Lost 10.10% in the last month
• Relative Strength Index 36.91%
• Recently traded at 13.35 with a 50 day moving average of 14.48

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5 New High Stocks

Today I used Barchart to sort the stocks hitting new monthly highs to find 5 that hit frequent new monthly highs during the past month.  On my list were Southern Connecticut Bancorp (SSE),  Consumer Portfolio Services (CPSS), Banco Bilboa Viscaya Argentaria (BBVA), Maui Land and Pineapple (MLP) and Medivation (MDVN)

Southern Connecticut Bancorp (SSE)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 62.50% in the last month
• Relative Strength Index 79.19%
• Barchart computes a technical support level at 1.85
• Recently traded at 1.95 with a 50 day moving average of 1.27

Consumer Portfolio Services (CPSS)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 41.34% in the last month
• Relative Strength Index 70.83%
• Barchart computes a technical support level at 4.64
• Recently traded at 5.47 with a 50 day moving average of 3.98

Banco Bilboa Viscaya Argentaria (BBVA)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 6.04% in the last month
• Relative Strength Index 66.03%
• Barchart computes a technical support level at 8.47
• Recently traded at 8.60 with a 50 day moving average of 8.07

Maui Land and Pineapple (MLP)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 46.15% in the last month
• Relative strength Index 78.17%
• Barchart computes a technical support level at 3.77
• Recently traded at 3.99 with a 50 day moving average of 2.71

Medivation (MDVN)

Barchart technical indicators:

• 48% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 16.52% in the last month
• Relative Strength Index 63.25%
• Barchart computes a technical support level at 52.39
• Recently traded at 53.90 with a 50 day moving average of 51.64

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3 NASDAQ 100 Stocks Soaring

Today's screens are a little different.  I took the NASDAQ 100 Index and used Barchart to sort for those stocks having advances upward more than 50 % of the past month's trading days.  The interesting list included Cisco Systems (CSCO), Broadcom (BRCM), Yahoo! (YHOO), Fiserv (FISV) and Garmin (GRMN)

Cisco Systems (CSCO)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Treading above its 20, 50 and 100 day moving averages
• 14 new advances and up 11.21% in the last 20 trading sessions
• Relative Strength Index 70.55%
• Barchart computes a technical support level at 18.90
• Recently trade3d at 19.43 with a 50 day moving average of 18.28

Broadcom (BRCM)

Barchart technical indicators:

• 16% Barchart technical buy signal
• Trend spotter hold signal
• Above its 20 and 50 daily moving averages but below its 100 day moving average
• 12 new advances and up 5.54% in the last 20 trading sessions
• Relative Strength Index 62.74%
• Barchart computes  a technical support level at 31.57
• Recently traded at 33.18 with a 50 day moving average of 32.53

Yahoo! (YHOO)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new advances and up 9.60% in the last 20 sessions
• Relative Strength Index 74.97%
• Barchart computes a technical support level at 18.64
• Recently traded at 19.13 with a 50 day moving average of 17.10

Fiserv (FISV)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new advances and up 5.34% in the last 20 sessions
• Relative Strength Index 76.56%
• Barchart computes a technical support level at 76.14
• Recently traded at 41.65 with a 50 day moving average of 74.84

Garmin (GRMN)

Barchart technical indicators:

• 48% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new advances and up 9.92% in the last 20 sessions
• Relative Strength Index 71.64%
• Barchart computes a technical support level at 39.35
• Recently traded at 41.65 with a 50 day moving average of 39.27

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Barchart Morning Call 12/6

Barchart Morning Call

BC - Thu Dec 06, 7:00AM CST

Overnight Developments

• Dec E-mini S&Ps this morning are little changed as the market awaits fiscal cliff developments and tomorrow's U.S. Nov unemployment report. European stocks are up +0.24% on support from a strong German Oct factory orders report of +3.9% m/m. The ECB today left its policy unchanged as expected. Asian stocks are mixed with Japan closing up +0.81% today but with Hong Kong closing -0.09% and China closing -0.19%. Commodity prices today are trading slightly higher by +0.11%. Jan crude oil is up +0.15%, Jan gasoline is up +0.60%, Feb gold is up +0.06%, March copper is down -0.24%, and agriculture prices are mixed. The dollar index and EUR/USD are little changed. March 10-year T-note prices are up 2.5 ticks.
• The ECB at its meeting today left its policy unchanged with its refinancing rate at 0.75%. The ECB's unchanged policy was in line with market expectations as the ECB waits to see if the Eurozone economy will start to recover now that the Eurozone debt crisis has been stabilized for the time being. Eurozone officials have stabilized the debt crisis for now with the revised Greek bailout plan and with the ECB/ESM bailout program that is available for Spain and Italy if it is needed. ECB President Draghi will hold a press conference at 8:30 AM ET and the ECB will release updated economic forecasts.
• The Bank of England today left its monetary policy unchanged with the base rate at 0.50% and its asset purchase target unchanged at 375 billion pounds. As expected, the BOE did not restart its bond purchase plan due to above-target inflation and doubts about the effectiveness of additional quantitative easing. However, the BOE left the door open to additional QE in the future if it is needed.
• The Eurozone Q3 GDP report was left unrevised at -0.1% q/q and -0.6% y/y as expected.
• The German Oct factory orders report of +3.9% m/m and -2.4% y/y was substantially stronger than market expectations of +1.0% m/m and -5.6% y/y and was a big improvement over Sep's report of -2.4% m/m and -3.9% y/y.
• The UK Oct visible trade deficit of -9.539 billion pounds was wider than market expectations of -8.650 billion pounds and Sep's revised -8.439 billion pounds, which was mildly bearish for GDP/USD.
  Market Comments
  • Dec E-mini S&Ps this morning are little changed with some support from the strong German factory orders report and yesterday's news that a group of Republicans favor a fiscal cliff compromise. The S&P 500 index on Wednesday closed slightly higher on (1) stronger-than-expected factory orders and ISM non-manufacturing reports, (2) the sharp rally in Chinese stocks on policy support measures, and (3) some optimism about the fiscal cliff as a few dozen Republicans said they would support higher tax rates. Nasdaq was dragged lower by a 6.4% sell-off in Apple on indications that Nokia is gaining ground in China. Closes: S&P 500 +0.16%, Dow Jones +0.64%, Nasdaq -1.12%. ADP reported its Nov job growth figure at +118,000, which was down from Oct's +158,000 but close to expectations of +125,000. Oct factory orders rose +0.8%, which was stronger than market expectations of unchanged. The U.S. ISM non-manufacturing index rose by +0.5 to 54.7, which was stronger than market expectations for a -0.7 point decline to 53.5. Chinese stocks rallied sharply after Chinese regulators said they will expand the ability of insurers to invest in commercial banks. In addition, top Chinese party leaders at a meeting agreed to promote urbanization and stimulate domestic demand, according to Xinhua news agency.
  • March 10-year T-notes this morning are up 2.5 ticks. March 10-year T-note prices on Wednesday closed higher on continued concerns about the fiscal cliff and shook off bearish factors that included the slightly higher close in stocks and the stronger than expected U.S. economic reports. Closes: TYH3 +7, FVH3 +2.75.
  • The dollar index this morning is slightly higher by +0.03 (+0.03%) and EUR/USD is virtually unchanged. USD/JPY is down -0.12 (-0.15%). The dollar index on Wednesday closed mildly higher on the stronger-than-expected U.S. economic data and on some short-covering after the fairly sharp 2-week sell-off. EUR/USD fell on a disappointing Spanish bond auction and on the weak Eurozone retail sales report. Closes: Dollar index +0.13 (+0.16%), EUR/USD -0.0026 (-0.20%), USD/JPY +0.57 (+0.70%).
  • Jan WTI crude oil prices this morning are up +0.13 (+0.15%). Jan gasoline is up +0.0158 (+0.60%) on some short-covering after yesterday's sharp sell-off. Jan crude oil and gasoline prices on Wednesday closed lower after the DOE report showed a very sharp 7.9 mln bbl increase in gasoline inventories that was even larger than Tuesday's API increase of +5.7 mln bbl. In addition, DOE distillate inventories rose +3.027 mln bbl vs expectations of +850,000. Crude oil inventories showed a supportive -2.357 mln bbl decline versus expectations of -500,000 bbl. The refinery utilization rate rose sharply by 2.0 points to 90.6%. Closes: CLF3 -0.62 (-0.70%), RBF3 -0.0512 (-1.90%).
  • 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): LULU-Lulylemon (Consensus:$0.37), HRB-H&R Block (-0.41), COO-Cooper (1.55), PANW-Palo Alto Networks (0.03), SFD-Smithfield Foods (0.43).
    Global Financial Calendar
    

    Thursday 12/6/12
    United States
    0730 ET	Nov Challenger job cuts, Oct +11.6% y/y.
    0830 ET	Weekly initial unemployment claims expected -13,000 to 380,000, previous -23,000 to 393,000. Weekly continuing claims expected -12,000 to 3.275 mln, previous -70,000 to 3.287 mln.
    0830 ET	USDA weekly Export Sales.
    0900 ET	Treasury announces details of Dec 11-13 package of 3, 10, and 30-year securities.
    1200 ET	Q3 US household wealth change, Q2 -$322 bln.
    1630 ET	Weekly money supply report and Fed balance sheet.
    Euro-Zone
    0500 ET	Revised Eurozone Q3 GDP expected unrevised at -0.1% q/q and -0.6% y/y.
    0745 ET	ECB announces interest rate decision (2-week refinancing rate expected unchanged at 0.75%).
    0830 ET	ECB President Mario Draghi speaks at monthly press conference.
    Germany
    0600 ET	German Oct factory orders expected +1.0% m/m and -5.6% y/y, Sep -3.3% m/m and -4.7% y/y.
    United Kingdom
    0430 ET	UK Oct visible trade balance expected -8.650 bln pounds, Sep -8.368 bln pounds. Oct non-EU trade balance expected -4.2 bln pounds, Sep -3.972 bln pounds. Oct total trade balance expected -3.0 bln pounds, Sep -2.699 bln pounds.
    0700 ET	BOE announces interest rate decision (base rate expected unchanged at 0.50% and no change expected in the 375 billion pound asset purchase target).

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

Trimble Navigation - TRMB - Barchart Chart of the Day

Barchart.coms Chart of the Day - Trimble Navigation (TRMB)

Barchart Research Team - BC - Wed Dec 05, 7:04PM CST

The "Chart of the Day" is Trimble Navigation (TRMB), which showed up on Wednesday's Barchart "All-Time High" list. Trimble on Wednesday posted a new all-time high of $56.07 and closed +2.09%. TrendSpotter has been long since Nov 5 at $53.63. In recent news on the stock, Trimble on Nov 1 reported Q3 EPS of 68 cents, above the consensus of 63 cents. Trimble Navigation, with a market cap of $7 billion, applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping.


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: 75% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 88% Buy

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Barchart links for further information:

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Quote
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Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
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Barchart Snapshot
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Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

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

Reasons to buy

5 year earning growth rates:

ASNA   15.00%

CEB       16.27%

TWC      12.54%

SHW      16.20%

SHEN     15.00%

TYL        19.38%

SYNT     17.00%

SYBT     10.00%

5 Small Cap Picks

Today I sorted the S & P 600 Small Cap Index to find 5 stocks with great Barchart technical indicators and charts.  I found Unifirst (UNF), Standex International (SXI), Powell Industries (POWL),  Intermec (IN) and Hittite Microwave (HITT):

Unifirst (UNF)

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 3.70% in the last month
• Relative strength Index 72.31%
• Barchart computes a technical support level at 69.83
• Recently traded at 72.63 with a 50 day moving average of 69.16

Standex International (SXI)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 10.92% in the last quarter
• Relative Strength Index 64.15%
• Barchart computes a technical support level at 48.13
• Recently traded at 49.05 with a 50 day moving average of 46.29

Powell Industries (POWL)

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 5.07% in the last month
• Relative Strength Index 68.31%
• Barchart computes a technical support level at 39.74
• Recently traded at 41.69 with a 50 day moving average of 39.34

Intermec (IN)

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 7.31% in the last month
• Relative Strength Index 72.25%
• Barchart computes a technical support level at 7.47
• Recently traded at 8.09 with a 50 day moving average of 6.97

Hittite Microwave (HITT)

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 9.38% in the last month
• Relative Strength Index 73.60%
• Barchart computes a technical support level at 60.75
• Recently traded at 62.71 with a 50 day moving average of 56.41

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Tine to look at Facebook

http://www.thestreet.com/story/11783721/1/time-to-friend-facebook.html

Sequenom - SQNM - Buy Signals

Today I added Sequenom (SQNM) to the Barchart Van Meerten New High portfolio for very positive price momentum:

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 59.68% in the last month
• Relative Strength Index 76.06
• Barchart computes a technical support level at 4.75
• Recently traded at 4.95 with a 50 day moving average of 3.69

Rimage - RIMG - Buy Signals

Today I added Rimage (RIMG) to the Barchart Van Meerten Speculative portfolio for very positive price momentum:

Barchart technical indicators;

• 56% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 20.53% in the last month
• Relative Strength Index 74.08%
• Barchart computes a technical support level at 6.81
• Recently traded at 6.87 with a 50 day moving average of 6.28

I D Systems - IDSY - Buy Signals

Today I added I D Systems (ISDY) to the Barchart Van Meerten Speculative portfolio for great Barchart technical indicators:

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 19.85% in the last month
• Relative Strength Index 65.59%
•  Barchart computes a technical support level at 5.84
• Recently traded at 6.28 with a 50 day moving average of 5.68

5 Mid Cap Picks

Today I sorted the S & P 400 Mid Cap Index to find 5 stocks with great Barchart technical indicators and charts.  I found Zebra Technologies (ZBRA), Solera (SLH), Granite Construction (GVA),  Exelsis (XLS) and Unit Corp (UNT):

Zebra Technologies (ZBRA)

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 10.03% in the last month
• Relative Strength Index 64.97%
• Barchart computes a technical support level at 38.30
• Recently traded at 39.59 with a 50 day moving average of 37.48

Solera (SLH)

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 11.64% in the last month
• Relative Strength Index 72.90%
• Barchart computes a technical support level at 51.60
• Recently traded at 52.08 with a 50 day moving average of 47.14

Granite Construction (GVA)

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 3.43% in the last month
• Relative Strength Index 66.27%
• Barchart computes  a technical support level at 29.99
• Recently traded at 31.08 with a 50 day moving average of 29.25

Exelis (XLS)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 2.91% in the last month
• Relative Strength Index 61.04%
• Barchart computes  a technical support level at 11.04
• Recently traded at 11.31 with a 50 day moving average of 10.83

Unit Corp (UNT)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 5.93% in the last month
• Relative Strength Index 65.41%
• Barchart computes a technical support level at 43.88
• Recently traded at 44.82 with a 50 day moving average of 42.12

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5 Large Cap Picks

Today I sorted the S & P 500 Large Cap Index to find 5 stocks with great Barchart technical indicators and charts.  Near the top of the list were Vulcan Materials (VMC), Kroger (KR),  International Game Technology (IGT), Equifax (EFX) and Adobe Systems (ADBE):

Vulcan Materials (VMC)

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 14.17% in the last month
• Relative Strength Index 69.87%
• Barchart computes a technical support level at 51.22
• Recently traded at 53.00 with a 50 day moving average of 47.71

Kroger (KR)

Barchart technical indicators:

• Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 6.66% in the last month
• Relative Strength Index 71.49%
• Barchart computes  a technical support level at 26.05
• Recently traded at 26.61 with a 50 day moving average of 24.56

International Game Technology (IGT)

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 11.76% in the last month
• Relative Strength Index 70.03%
• Barchart computes a technical support level at 13.77
• Recently traded at 53.88 with a 50 day moving average of 49.66

Equifax (EFX)

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 7.61% in the last month
• Relative Strength Index 75.31%
• Barchart computes a technical support level at 50.99
• Recently traded at 53.88 with a 50 day moving averge3 of 49.66

Adobe Systems (ADBE)

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 2.53% in the last month
• Relative Strength Index 71.63%
• Barchart computes a technical support level at 34.43
• Recently traded at 35.23 with a 50 day moving average of 33.15

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Barchart Moring Call 12/4

Barchart Morning Call

BC - 2 hrs 12 mins ago

Overnight Developments

• Dec E-mini S&Ps this morning are trading slightly higher by +0.07% on support from today's +0.59% rally in European stocks. Asian stocks today closed mixed. Japanese stocks closed -0.27% today but Hong Kong was up +0.15% and China rallied by +1.07%. Commodity prices are down -0.29% this morning with Jan crude oil down -0.39%, Jan gasoline down -0.66%, March gold down -0.77%, March copper down -0.08%, and agriculture prices trading mostly higher. The dollar index is mildly lower by -0.19%. EUR/USD is up +0.21% on optimism about this week's ongoing Greek bond buyback program and as the market hopes for a Eurozone finance ministers agreement today on European banking supervision. March 10-year T-notes today are down 1 tick.
• Eurozone finance ministers at their meeting today will focus on the plan for setting up a common Eurozone bank supervisor, which is a critical part of the plan for a unified and stronger Eurozone banking system. There are reports that Eurozone finance ministers are close to agreement on a plan that will get the common bank supervision program going by the start of 2013, which would be a positive development for EUR/USD.
• Australia's central bank today cut its benchmark interest rate by 25 bp to 3.00%, thus matching the 5-decade low seen in the immediate aftermath of the 2008/09 global financial crisis. The rate cut was in line with market expectations. The Reserve Bank of Australia (RBA) has now cut its benchmark rate by six times in the past 14 months. The latest cut was driven by a 2-1/2 year high in the unemployment rate and a desire to undercut the strength of the Australian dollar to help Australian exporters.
• The UK Nov construction PMI fell by 1.6 points to 49.3 from 50.9 in Oct, which was weaker than market expectations for a 0.4 point drop to 50.5.
• The Oct Eurozone PPI edged lower to 2.6% y/y from +2.7% in Sep, but was still a bit stronger than market expectations for a drop to +2.5% y/y.
• Iran said that it captured a U.S. drone over the Persian Gulf that violated its airspace, but the U.S. denied that any of its drones are missing.
  Market Comments
  • Dec E-mini S&Ps this morning are trading mildly higher by +1.00 point (+0.07%) on support from this morning's +0.59% rally in European stocks and on today's Australian interest rate cut. U.S. stocks on Monday closed moderately lower on fiscal cliff concerns and the unexpectedly large drop in the ISM manufacturing index, although there was support from the stronger-than-expected U.S. total vehicle sales report and the weekend gains in the Chinese PMI reports. Closes: S&P 500 -0.47%, Dow Jones -0.46%, Nasdaq -0.23%. The U.S. ISM manufacturing index fell sharply by -2.2 points to 49.5, which was much weaker than market expectations of -0.2% to 52.5. Nov U.S. total vehicle sales rose sharply to 15.46 million units from 14.22 mln units in Oct and were much stronger than market expectations of 15.00 mln.
  • March 10-year T-notes this morning are down 1 tick. March 10-year T-note prices on Monday closed lower on some long liquidation pressure after last week's rally and failed to get much support from the lower close in stocks or the weak ISM report. Closes: TYH3 -5.5, FVH3 -2.5.
  • The dollar index this morning is down -0.15 (0.19%) on today's generally higher trade in global stocks. EUR/USD is up +0.0027 (+0.21%) on optimism ahead of today's Eurozone finance ministers meeting. USD/JPY is down -0.28 (-0.34%). The dollar index on Monday closed mildly lower on technical weakness with the new 1-month low and on the weak ISM manufacturing report, which illustrated the negative impact on the U.S. economy from the fiscal cliff. Meanwhile, EUR/USD gained some support as Greece went ahead with its bond buyback program, which is designed to reduce its overall debt load. Closes: Dollar index -0.27 (-0.34%), EUR/USD +0.0068 (+0.52%), USD/JPY -0.23 (-0.28%).
  • Jan WTI crude oil prices this morning are down -0.35 (-0.39%) and Jan gasoline down -0.0181 (-0.66%). Products are seeing some weakness on expectations for an inventory build in today's API report and tomorrow's DOE report due to the high refinery operating rate. Jan crude oil and gasoline prices on Monday settled mixed, undercut by the weak U.S. ISM index and fiscal cliff concerns but supported by the lower dollar index and the rise in China's manufacturing PMI. Closes: CLF3 +0.18 (+0.20%), RBF3 -0.0038 (-0.14%). The market consensus for Wed's DOE report is for a 500,000 bbl decline in crude oil inventories, 1.8 mln bbl rise in gasoline inventories, a 750,000 bbl rise in distillate inventories, and a +0.5 point rise in refinery utilization rate to 89.1%
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): AZO-Autozone (Consensus:$5.39), TOL-Toll Brothers (0.24), MTN-Vail Resorts (-1.58), BIG-Big Lots (-0.26), p-Pandora Media (0.01).
    Global Financial Calendar
    

    Tuesday 12/4/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0855 ET	Redbook weekly retailer sales.
    0945 ET	Nov ISM New York, Oct 45.9.
    1045 ET	Fed Governor Daniel Tarullo delivers keynote address Brookings Institution conference on "Structuring the financial industry to enhance economic growth and stability."
    1130 ET	Weekly 4-week T-bill auction.
    1630 ET	API weekly U.S. oil statistics.
    United Kingdom
    0430 ET	U.K. Nov PMI construction expected -0.4 to 50.5, Oct 50.9.
    1901 ET	U.K. Nov BRC shop price index, Oct 1.5% y/y.
    Euro-Zone
    0500 ET	Eurozone Oct PPI expected unchanged m/m and +2.5% y/y, Sep +0.2% m/m and +2.7% y/y.
    CHI
    2045 ET	China Nov HSBC services PMI, Oct 53.5.

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J M Smucker - SJM - Barchart Chart of the Day

Barchart.coms Chart of the Day - J.M. Smucker (SJM)

Barchart Research Team - BC - Mon Dec 03, 6:48PM CST

The "Chart of the Day" is J.M. Smucker (SJM), which showed up on Monday's Barchart "All-Time High" list. Smucker on Monday posted a new all-time high of $89.39 and closed +0.31%. TrendSpotter just turned long again last Thursday at $87.62. In recent news on the stock, Smucker on Nov 16 reported fiscal Q2 EPS ex-items of $1.45, which was in line with market expectations. J.M. Smucker, with a market cap of $10 billion, is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S. They are also the leader in dessert toppings, natural peanut butter, and health and natural foods juice products, and market a wide variety of other specialty products throughout the U.S. and in many foreign countries.


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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