5 Stock Hitting New Highs

Today stocks are a little mixed bag with several common traits:  On Friday they all hit new highs for the month, traded at least 100K shares and have a Barchart technical buy signal of 100%.  On the list are United States Steel (X), Viad Corp (VVI), Vipshop Holdings (VIPS), United Continental (UAL) and Tesoro Petroleum (TSO):

United States Steel (X)

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 17.08% in the last month
• Relative Strength Index 69.42%
• Barchart computes a technical support level at 21.87
• Recently traded at 23.85 with a 50 day moving average of 21.44

Viad Corp (VVI)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 37.32% in the last month
• Relative Strength Index 85.44%
• Barchart computes a technical support level at 23.81
• Recently traded at 26.53 with a 50 day moving average of 21.38

Vipshop Holdings (VIPS)

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 16.95% in the last month
• Relative Strength Index 72.06%
• Barchart computes a technical support level at 13.03
• Recently traded at 14.56 with a 50 day moving average of 10.99

United Continental (UAL)

Barchart technical indicators:

• 100% Barchart technical bu signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 9 new highs and up 15.17% in the last month
• Relative Strength Index 75.73%
• Barchart computes a technical support level at 22.54
• Recently traded at 23.01 with a 50 day moving average of 20.41

Tesoro Petroleum (TSO)

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 16.06% in the last month
• Relative Strength Index 56.34%
• Barchart computes a technical support level at 40.31
• Recently traded at 43.66 with a 50 day moving average of 39.48

MORE STOCK PICKS

5 NASDAQ 100 Gems

Sorry my Stock Pick blog is a little late this morning but I attended a very nice Christmas party last night with some good friends from Wells Fargo so I guess I over slept a little this morning.

Today I sorted the NASDAQ 100 Index to find 5 stocks that are performing exceptionally well and have great Barchart technical indicators and charts.  The list includes Adobe Systems (ADBE),  Netflix (NFLX), Cisco Systems (CSCO), Electronic Arts (EA) and Green Mountain Coffee Roasters (GMCR):

Adobe Systems (ADBE)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 15.85% in the last month
• Relative Strength Index 75.76%
• Barchart computes a technical support level at 34.43
• Recently traded at 37.18 with a 50 day moving average of 33.61

Netflix (NFLX)

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 17.08% in the last month
• Relative Strength Index 69.25%
• Barchart computes a technical support level at 88.47
• Recently traded at 93.17 with a 50 day moving average of 76.31

Cisco Systems (CSCO)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 12.71% in the last month
• Relative Strength Index 72.94%
• Barchart computes  a technical support level at 19.49
• Recently traded at 19.90 with a 50 day moving average of 18.38

Electronic Arts (EA)

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 19.92% in the last month
• Relative Strength Index 68.97%
• Barchart computes  a technical support level at 15.01
• Recently traded at 15.28 with a 50 day moving average of 13.67

Green Mountain Coffee Roasters (GMCR)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 70.59% in the last month
• Relative Strength Index 74.33%
• Barchart computes a technical support level at 38.35
• Recently traded at 40.86 with a 50 day moving average of 28.24

MORE STOCK PICKS

5 Small Cap Picks

Today I sorted to S & P 600 Small Cap Index to find 5 stocks with great Barchart technical indicators and charts.  On my list were Take-Two Interactive Software (TTWO), Skywest (SKYW),  Sanderson Farms (SFAM), Rudolph Technologies (RTEC) and Piper Jaffray (PFC):

Take-Two Interactive Software (TTWO)

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 14.25% in the last month
• Relative Strength Index 73.98%
• Barchart computes a technical support level at 12.85
• Recently traded at 13.17 with a 50 day moving average of 11.58

Skywest (SKYW)

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 3.54% in the last month
• Relative Strength Index 63.31%
• Recently traded at 12.00 with a 50 day moving average of 11.28

Sanderson Farms (SAFM)

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 6.72% in the last month
• Relative Strength Index 70.79%
• Barchart computes a technical support level at 48.52
• Recently traded at 50.25 with a 50 day moving average of 46.51

Rudolph Technologies (RTEC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 22.89% in the last month
• Relative Strength Index 84.74%
• Barchart computes a technical support level at 11.70
• Recently traded at 12.35 with a 50 day moving average of 10.25

Piper Jaffray Company (PJC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 10 new highs and up 8.32% in the last month
• Relative Strength Index 73.11%
• Barchart computes a technical support level at 29.20
• Recently traded at 29.47 with a 50 day moving average of 27.44

MORE STOCK PICKS

Barchart Moring Call 12/13

Barchart Morning Call

Thu, 13 Dec 2012 07:00:00 -0600

Overnight Developments

• Dec E-mini S&Ps and European stocks this morning are little changed. The U.S. stock market has taken in stride yesterday's FOMC outcome and is now focused on the fiscal cliff talks with only about two weeks left for an agreement. Asian stocks today closed mixed with Japan up +1.68%, Hong Kong down -0.26%, and China down -1.11%. Commodity prices are down -0.57% this morning with Jan crude oil down -0.47%, Jan gasoline down -0.36%, Feb gold down -1.26%, March copper down -1.31%, and agriculture prices mixed. The dollar index is up +0.13% and EUR/USD is down -0.08%. USD/JPY is up +0.29%. March 10-year T-note prices are unchanged.
• Eurozone finance ministers today reached an agreement for the ECB to become the single bank supervisor for about 200 large Eurozone banks that have more than 30 billion euros of assets or that account for more than 20% of a nation's GDP. The key part of the agreement is that the European Stability Mechanism (ESM) will be able to provide direct aid to banks along with help from ECB bank supervisors. That will help to break the death spiral between large banks and sovereign governments. Eurozone officials anticipate that the legal framework will be in place by February and the new ECB supervision system will officially start in 2014. The UK will not be part of the ECB bank supervision system.
• Eurozone finance officials today approved 49 billion euros of withheld bailout payments to Greece through Q1. Greece is expected to get the actual cash starting next week.
• Tokyo Nov condo sales improved to -13.3% y/y from -14.4% in October.
• The UK Dec CBI trends total orders manufacturing index improved to -12 from -21 in Nov and was a bit stronger than market expectations of -15. The report indicated less pessimism in the UK manufacturing sector.
• Italy today successfully sold 4.224 billion euros of bonds, which was close to its intended target of 4.25 billion euros. A large piece of the package was the sale of 3.5 billion euros of 3-year bonds at a yield of 2.50%, down 14 bp from 2.64% yield on Italy's last 3-year bond sale in November. Italy's benchmark 10-year bond yield today fell by 2 bp to 4.63%.
  Market Comments
  • Dec E-mini S&Ps this morning are slightly lower by -0.50 points (-0.04%) as the focus has shifted to the slow progress on the fiscal cliff talks. On the positive side, Eurozone finance ministers today approved Greek bailout payments and EU finance ministers approved a European banking supervision plan. The S&P 500 index on Wednesday closed little changed on some buy-the-rumor sell-the-fact reaction to the Fed's new $45 billion per month Treasury purchase program. The markets also reacted a bit negatively to Mr. Bernanke's comment that the Fed cannot fully offset the damage if the U.S. economy goes over the fiscal cliff, even though Mr. Bernanke has made that comment before. Closes: S&P 500 +0.04%, Dow Jones -0.02%, Nasdaq -0.28%.
  • March 10-year T-notes this morning are unchanged. March 10-year T-note prices on Wednesday closed moderately lower on (1) a buy-the-rumor sell-the-fact reaction to the FOMC's announcement of its new Treasury security purchase program. In addition, the Fed's shift to threshold language on the unemployment rate and inflation increase the risks that the Fed might end up tightening sooner than its previous indication of later than mid-2015. Closes: TYH3 -11, FVH3 -1.75.
  • The dollar index this morning is slightly higher by +0.10 points (+0.13%). EUR/USD is slightly lower by -0.0010 (-0.08%). USD/JPY is up +0.24 (+0.29%). The dollar index on Wednesday closed mildly lower as the FOMC more than doubled its QE3 program to $85 billion from $40 billion per month. In addition, EUR/USD received support from the official announcement that the Greek bond buyback was successful and from expectations that Eurozone finance ministers today will approve the release of up to 44 billion euros of withheld Greek bailout aid. Closes: Dollar index -0.25 (-0.31%), EUR/USD +0.0069 (+0.53%), USD/JPY +0.74 (+0.90%).
  • Jan WTI crude oil prices this morning are down -0.41 (-0.47%) and Jan gasoline is down -0.0095 (-0.36%) on fiscal cliff concerns and the slightly higher dollar index. Jan crude oil and gasoline prices on Wednesday closed higher on the lower dollar and the Fed's hike in its QE3 program and was able to shake off a bearish DOE report. Crude oil inventories rose +843,000 bbl versus expectations for a 2-.5 mln bbl decline, gasoline inventories soared by +5 mln bbl versus expectations for a +2 mln bbl rise, and distillate inventories rose +2.986 mln bbl versus expectations for a rise of +1 mln bbl. The refinery rate fell 0.2 points but remained very strong at 90.4%. Closes: CLF3 +0.98 (+1.14%), RBF3 +0.0360 (+1.38%).
  • 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): ADBE-Adobe Systems (Consensus: $0.56), NDSN-Norson (1.03), PAY-Verifone Systems (0.76), PIR-Pier 1 Imports (0.25).
    Global Financial Calendar
    

    Thursday 12/13/12
    United States
    0830 ET	Weekly initial unemployment claims expected unch at 370,000, previous was -25,000 to 370,000. Weekly continuing claims expected +5,000 to 3.210 mln, previous was -100,000 to 3.205 mln.
    0830 ET	Nov PPI expected -0.5% m/m and +1.8% y/y, Oct -0.2% m/m and +2.3% y/y. Nov core PPI expected +0.2% m/m and +2.3% y/y, Oct -0.2% m/m and +2.1% y/y.
    0830 ET	Nov retail sales expected +0.5% m/m, Oct -0.3% m/m. Nov retail sales ex-autos expected unch m/m, Oct unch m/m. Nov retail sales ex autos and gas expected +0.3% m/m, Oct -0.3% m/m.
    0830 ET	USDA weekly Export Sales.
    1000 ET	Oct business inventories expected +0.4% m/m, Sep +0.7% m/m.
    1100 ET	Treasury announces 3, 5 and 7-year T-notes for Dec 17-19 and 5-year TIPS auction for Dec 20.
    1300 ET	Treasury auction of $13 billion in 30-year T-bonds.
    Japan
    0000 ET	Tokyo Nov condo sales, Oct -14.4% y/y.
    1850 ET	Japan Q4 Tankan large-manufacturers index, Q3 -3. Q4 large manufacturer outlook, Q3 -3. Q4 non-manufacturing, Q3 8. Q4 non-manufacturer outlook, Q4 5. Q4 large all-industry capex, Q4 +6.4% y/y.
    2330 ET	Japan final-Oct industrial production, prelim +1.8% m/m and -4.3% y/y. Japan final-Oct capacity utilization, Sep -5.5% m/m.
    Euro-Zone
    0400 ET	ECB publishes Dec monthly report.
    0500 ET	Eurozone Q3 labor costs, Q2 +1.6% y/y.
    United Kingdom
    0600 ET	UK Dec CBI trends total orders expected -15, Nov -21. Dec CBI trends selling prices expected 8, Nov 8.
    CHI
    2045 ET	China Dec HSBC flash manufacturing PMI, Nov 50.5.

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

Telus Corp - TU - Barchart Chart of the Day

Barchart.coms Chart of the Day - Telus Corp (TU)

Barchart Research Team - BC - Wed Dec 12, 3:55PM CST

The "Chart of the Day" is Telus Corp (TU), which showed up on Wednesday's Barchart "All-Time High" list. Telus on Wednesday posted a new all-time high of $65.97 and closed +1.06%. TrendSpotter has been long since Nov 23 at $64.79. In recent news on the stock, Dejardins upgraded Telus to Buy from Hold. Telus on Nov 9 reported Q3 EPS of $1.08, slightly above the consensus of $1.07, and announced a 10.3% y/y increase in its quarterly dividend to C$0.64. Telus Corp, with a market cap of $21 billion, is the largest telecommunications company in Western Canada and the second largest in the country.


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

5 Mid Cap Picks

Today I sorted the S & P 400 Mid Cap Index to find 5 stock with great Barchart technical indicators and charts.  Near the top of my list were Stancorp Financial Group (SFG), Reliance Steel & Aluminum (RS), Resmed (RMD), NVR (NVR) and Integrated Device Technology (IDTI):

Stancorp Financial Group (SFG)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 6.90% in the last month
• Relative Strength Index 71.74%
• Barchart computes a technical support level at 34.89
• Recently traded at 35.62 with a 50 day moving average of 33.59

Reliance Steel and Aluminum (RS) 

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 30 and 100 day moving averages
• 9 new highs and up 5.55% in the last month
• Relative Strength Index 67.96%
• Barchart computes a  technical support level at 55.79
• Recently traded at 58.60 with a 50 day moving average of 54.54

Resmed (RMD)

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 7.10% in the last month
• Relative Strength Index 68.11%
• Barchart computes  a technical support level at 41.31
• Recently traded at 42.73 with a 50 day moving average of 40.64

NVR (NVR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• 9 new highs and up 6.68% in the last month
• Above  its 20, 50 and 100 day moving averages
• Relative strength Index 64.40%
• Barchart computes a technical support level at 886.36
• Recently traded at 931.65 with a 50 day moving average of 905.38

Integrated Device Technology (IDTI)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend spotter buy signal
• Above  its 20, 50 and 100 day moving averages
• 17 new highs and up 17.19% in the last month
• Relative strength Index 77.03%
• Barchart computes a technical support level at 6.39
• Recently traded at 6.21 with a 50 day moving average of 5.92

MORE STOCK PICKS

Barchart Morning Call 12/12

Barchart Morning Call

BC - Wed Dec 12, 7:00AM CST

Overnight Developments

• Dec E-mini S&Ps this morning are slightly higher by +0.10% as the market awaits the outcome of today's FOMC meeting. The Euro Stoxx 50 index is unchanged. Asian stocks today closed higher due to yesterday's rally in U.S. stocks with Japan up +0.59%, Hong Kong up +0.80%, and China up +0.41%. Commodity prices are mildly higher by +0.17% with Jan crude oil +0.61%, Jan gasoline +0.86%, Feb gold +0.30%, March copper +0.53%, grain prices down by -0.4% on average, livestock prices little changed, and softs mostly lower. The dollar index is slightly lower by -0.11% on the stable stock environment this morning. EUR/USD is up +0.25% on optimism about the official confirmation of the successful Greek bond buyback program. March 10-year T-note prices are down 4.5 ticks.
• Greek officials today confirmed that the bond buyback program was a success. Greece will be able to retire government bonds with a face value of 31.9 billion euros, thus bringing its debt load down far enough to meet the terms of the Eurozone and the IMF for the release of its bailout aid. Greece paid an average of 33.8% of the face value of the bonds. Eurozone finance ministers have some minor issues to resolve but apparently plan at their meeting on Thursday to provide final approval of the revised Greek bailout plan and the release of Greece's bailout aid.
• North Korea last night launched a rocket that successfully placed a satellite into orbit around the earth. The rocket's first stage fell into the Yellow Sea and the second stage fell into the Philippine Sea. Most major nations including China criticize North Korea's rocket launch. South Korea's defense minister said that there are indications that North Korea may conduct a nuclear test "within a short period of time."
• U.K. Oct unemployment rose by +40,000 3mo/3mo, which was mildly better than market expectations of +45,000 and down from +100,000 in September. The UK Oct (3mo) ILO unemployment rate of 7.8% was unchanged from Sep and was in line with market expectations. Meanwhile, U.S. Nov jobless claims fell by -3,000 to 1.58 million, which showed a better labor market than market expectations for an increase of +7,000.
• The Eurozone Oct industrial production report of -1.4% m/m and -3.6% y/y was significantly weaker than market expectations of unchanged m/m and -2.4% y/y.
• OPEC at its quarterly meeting today will keep its production target unchanged at 30 million bpd, according to the market consensus.
• Japan Oct machine orders rose +2.6% m/m and +1.2% y/y, which was a bit weaker than market expectations of +3.0% m/m but still much better than the Sep report of -4.3% m/m.
  Market Comments
  • Dec E-mini S&Ps this morning are slightly higher by +1.50 points (+0.10%). The market is waiting for the outcome of today's FOMC meeting and any developments on the fiscal cliff. The S&P 500 index staged a solid rally on Tuesday on (1) the impressive gains in the German and Eurozone Zew investor confidence indexes that reflected an improvement in the European debt crisis, (2) optimism that the pieces seem to be coming together for a fiscal cliff deal, and (3) technical buying as the S&P 500 nearly posted a new 2-month high. Closes: S&P 500 +0.65%, Dow Jones +0.60%, Nasdaq +1.30%.
  • March 10-year T-notes this morning are down 4.5 ticks due to supply overhang from this week's $66 billion coupon auction and reduced safe-haven demand with this morning's stability in stocks. The Treasury today will sell $21 billion in reopened 10-year T-notes. March 10-year T-note prices on Tuesday closed moderately lower on (1) reduced safe-haven demand with the rally in stocks, and (2) supply overhang with this week's $66 billion coupon package. On the bullish side, the market is expecting the FOMC today to announce an outright purchase program of $45 billion per month in longer-term Treasury securities to replace the expiring Operation Twist program. Closes: TYH3 -7, FVH3 -2.25.
  • The dollar index this morning is slightly lower by -0.09 points (-0.11%). EUR/USD is up +0.0032 (+0.25%) on confirmation of the successful Greek bond buyback. USD/JPY is mildly higher by +0.29 yen (+0.35%). The dollar index on Tuesday closed moderately lower on reduced safe-haven demand and on a rally in EUR/USD on the successful conclusion of the Greek bond buyback program and the strong German and Eurozone Zew indexes. Closes: Dollar index -0.27 (-0.33%), EUR/USD +0.0064 (+0.49%), USD/JPY +0.16 (+0.19%).
  • Jan WTI crude oil prices this morning are up +0.52 (+0.61%) and Jan gasoline is up +0.0225 (+0.86%). OPEC at its meeting today is expected to leave its production target unchanged at 30 million bpd. Jan crude oil and gasoline prices on Tuesday closed mildly higher on weakness in the dollar index and the positive European Zew indexes. API crude oil inventories soared by a bearish 4.27 mln bbl versus expectations of -2.5 mln for today's DOE report. The API report showed bearish, larger-than-expected increases in both gasoline inventories (+2.76 mln bbl) and distillate inventories (+2.24 mln bbl) relative to expectations for today's DOE report of +2 mln and 1.1 mln bbl, respectively. Closes: CLF3 +0.23 (+0.27%), RBF3 +0.0124 (+0.48%). U.S. refineries are running at the very high utilization rate of 90.6% as refineries try to capture high refining profit margins, accounting for the drawdown in crude oil inventories and the increase in product inventories.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): COST-Costco Wholesale (Consensus:$0.93), JOY-Joy Global (1.91), RH-Restoration Hardware (0.03).
    Global Financial Calendar
    

    Wednesday 12/12/12
    United States
    0700 ET	Weekly MBA mortgage applications, previous +4.5% with purchase sub-index +0.1% and refi sub-index +6.1%.
    0830 ET	Nov import price index expected -0.5% m/m and -1.0% y/y, Oct +0.5% m/m and +0.4% y/y.
    1030 ET	DOE Weekly Petroleum Status Report.
    1230 ET	FOMC 2-day meeting concludes with policy announcement.
    1300 ET	Treasury auction of $21 billion in 10-year T-notes.
    1400 ET	Nov U.S. monthly budget statement expected -$150 bln, previous -$137.3 bln.
    1400 ET	FOMC releases projections of economy and federal funds rate.
    1415 ET	Fed Chairman Bernanke holds press conference.
    Germany
    0200 ET	German Nov final CPI expected unrevised at -0.1% m/m and +1.9% y/y. Nov final EU-harmonized CPI expected unrevised at -0.1% m/m and +2.0% y/y.
    United Kingdom
    0430 ET	UK Nov claimant count rate expected 4.8%, Oct 4.8%. UK Nov jobless claims expected +7,000, Oct +10,100. UK Oct ILO unemployment rate expected 7.8%, Sep 7.8%. Oct employment change expected +45,000, Sep +100,000 3mo/3mo.
    0430 ET	UK Oct average weekly earnings, Sep +1.8% 3mo y/y. Oct average weekly earnings ex-bonus, Sep +1.9% 3mo y/y.
    Euro-Zone
    0500 ET	Eurozone Oct industrial production expected unch m/m and -2.4% y/y, Sep -2.5% m/m and -2.3% y/y.

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

Varian Medical Sysytems - VAR - Barchart hart of the Day

Barchart.coms Chart of the Day - Varian Medical Systems (VAR)

Barchart Research Team - BC - Tue Dec 11, 6:15PM CST

The "Chart of the Day" is Varian Medical Systems (VAR), which showed up on Tuesday's Barchart "All-Time High" list. Varian on Tuesday posted a new all-time high of $72.48 and closed +1.32%. TrendSpotter has been long since Oct 26 at $66.93. In recent news on the stock, SunTrust on Nov 16 initiated coverage on Varian with a Buy and a target of $81. Benchmark on Nov 16 initiated coverage on Varian with a Buy and a target of $88. Varian Medical Systems, with a market cap of $7.7 billion, is the world's leading supplier of equipment and software for treating cancer.


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

Southern Connecticut Bancorp - SSE - buy signals

Today I added Southern Connecticut Bancorp (SSE)  to the Barchart Van Meerten Speculative portfolio for positive price momentum:

Barchart technical indicators:

• 96 Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 81.67% in the last month
• Relative Strength Index 81.42%
• Barchart computes a technical support level at 1.96
• Recently traded at 2.18 with a 50 day moving average of 1.35

Integrated Device Technology - IDTI - buy signals

Today I added Integrated Device Technology (IDTI) to the Barchart Van Meerten New High portfolio for positive price momentum:

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 17.19% in the last month
• Relative strength Index 77.03
• Barchart computes a technical support level at 6.39
• Recently traded at 6.74 with a 50 day moving average of 5.92

Barchart Morning Call 12/11

Barchart Morning Call

BC - 2 hrs 57 mins ago

Overnight Developments

• Dec E-mini S&Ps this morning are slightly higher by +0.18% on optimism that the FOMC at its 2-day meeting that begins today will boost its QE3 program to $85 billion per month. European stocks are up +0.59% on optimism that the Greek bond buyback program may have been successfully completed today and about today's stronger-than-expected German Zew economic sentiment index. Greek stocks are up +1.89% today. Asian stocks closed mixed today with Japan down -0.09%, Hong Kong +0.21%, and China -0.55%. Commodity prices are slightly higher by +0.09% this morning with Jan crude oil +0.51%, Jan gasoline +0.64%, Feb gold -0.05%, March copper -0.18%, and agricultural prices trading mostly lower. The dollar index is mildly lower by -0.25% on today's higher trade in U.S. and European stock indexes. EUR/USD is up +0.39%. March 10-year T-note prices are down 6 ticks.
• The markets are looking ahead to the outcome of the 2-day FOMC meeting that begins today. The market consensus is that the FOMC will announce a program of buying an outright $45 billion per month of longer-term Treasury securities to replace the expiring Operation Twist program. That expected decision would boost the Fed's QE3 program to $85 billion per month from the current $40 billion per month.
• North Korea may be disassembling the rocket it planned to launch this week, according to the South Korean media outlet YTN. North Korea may have encountered technical difficulties with the rocket that the North Korean government now says will be launched after Dec 29.
• Greek officials are expressing confidence that they will obtain sufficient bids for the Greek bond buyback auction to satisfy the plan to buy a nominal 30 billion euros of Greek bonds. Greek officials extended the deadline to tender the bonds until noon London time today since they were about 3 billion euros short of bond purchases as of last Friday's deadline. Eurozone finance ministers are hoping to give final approval to the revised Greek bailout at their meeting this Thursday.
• Chinese new Nov bank lending of 522.9 billion yuan was up from 505 billion yuan in October but was a little below market expectations of 550 billion yuan.
• China's Nov M2 growth of +13.9% y/y was a little below expectations and Oct's rate of +14.1%, which was a slightly bearish indicator for the Chinese economy.
• The German Dec Zew economic sentiment index rose sharply to 6.9 from -15.7 in November and was much stronger than market expectations of -11.5. German investor and analyst confidence improved mainly on the progress on getting Greece stabilized into early 2013 and on expectations that the German and Eurozone economy will improve next year. The current situation index, however, only crept higher to 5.7 from 5.4 in Nov and was a little weaker than market expectations of 6.0. The Eurozone Dec Zew confidence index rose to 7.6 from -2.6 in Nov.
  Market Comments
  • Dec E-mini S&Ps this morning are trading slightly higher by +2.50 points (+0.18%) on today's 0.59% rally in European stocks and on optimism about today's stronger-than-expected German Dec Zew confidence index. The S&P 500 index closed mildly higher on Monday on the Obama-Boehner meeting on Sunday and Saturday's stronger-than-expected Chinese Nov industrial production report (+10.1% y/y) and retail sales report (+14.9% y/y), but was undercut by the sharp 29 bp increase in the Italian 10-year bond yield to 4.81% on Italian Prime Minister Monti's resignation announcement and a weaker-than-expected Chinese Nov exports report of +2.9% y/y. Closes: S&P 500 +0.48%, Dow Jones +0.11%, Nasdaq +0.27%.
  • March 10-year T-notes this morning are down -6 ticks on reduced safe-haven demand with today's higher trade in U.S. and European stock indexes. March 10-year T-note prices on Monday closed slightly higher on optimism that the FOMC at this week's meeting will announce a $45 billion per month purchase program of longer-term Treasury securities to replace its expiring Operation Twist program. Closes: TYH3 +2, FVH3 +0.75.
  • The dollar index this morning is mildly lower by -0.20 points (-0.25%) on reduced safe-haven demand with the rally in U.S. and European stock indexes. EUR/USD is up +0.0051 (+0.39%) on the improvement in the German and Eurozone Dec Zew economic sentiment indexes and on optimism that the Greek bond buyback plan will be successful. USD/JPY is up +0.10 (+0.12%). The dollar index on Monday closed slightly lower on some long liquidation pressure from last Friday's 2-week high and on weakness in EUR/USD tied to the 29 bp surge in the 10-year Italian bond yield due to Prime Minister Monti's agreement to resign once the 2013 budget law is approved. Closes: Dollar index -0.08 (-0.10%), EUR/USD +0.0014 (+0.11%), USD/JPY -0.13 (-0.16%).
  • Jan WTI crude oil prices this morning are up +0.44 (+0.51%) and Jan gasoline is up +0.0165 (+0.64%) on the lower dollar index and on the higher trade in U.S. and European stock indexes. Jan crude oil and gasoline prices on Monday settled mixed as crude oil saw continued technical weakness after last week's sell-off. The market shook off bullish news of a +0.3% increase in German exports and a 6-month high in Chinese Nov crude oil imports. Closes: CLF3 -0.37 (-0.43%), RBF3 +0.0007 (+0.03%). The market consensus for Wednesday's DOE report is for a 2.5 million barrel decline in crude oil inventories, a 2.0 million barrel increase in gasoline inventories, and a 1.5 million barrel increase in distillate inventories. U.S. refineries are running at the very high utilization rate of 90.6% as refineries try to capture high refining profit margins, accounting for the drawdown in crude oil inventories and the increase in product inventories.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): DG-Dollar General (Consensus:$0.60), GEOS-Geospace Tech (0.64), CNSI-Comverse (0.78%).
    Global Financial Calendar
    

    Tuesday 12/11/12
    United States
    0830 ET	U.S. Oct trade deficit expected -$42.5 bln, Sep -$41.5 bln.
    0830 ET	USDA WASDE report.
    1000 ET	Oct wholesale inventories expected +0.4% m/m, Sep +1.1% m/m.
    1300 ET	Treasury auction of $32 billion in 3-year T-notes.
    n/a	FOMC 2-day meeting begins.
    1630 ET	API weekly U.S. oil statistics.
    Germany
    0200 ET	German Nov wholesale price index, Oct -0.6% m/m and +4.6% y/y.
    0500 ET	German Dec Zew current situation index expected 6.0, Nov 5.4. Dec Zew economic sentiment index expected at -11.5, Nov -15.7.
    Euro-Zone
    0500 ET	Eurozone Dec Zew economic sentiment index, Nov -2.6.
    Japan
    1850 ET	Japan Oct machine orders expected +3.0% m/m and -6.2% y/y, Sep -5.0% m/m and -7.8% y/y.
    1850 ET	Japan Oct tertiary industry index expected -0.4% m/m, Sep +0.3% m/m.
    1850 ET	Japan Nov domestic CGPI expected unch m/m and -0.9% y/y, Oct -0.3% m/m and -1.0% y/y.

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

El Paso Pipeline Parners - EPB - Barchart Chart of the Day

Barchart.coms Chart of the Day - El Paso Pipeline Partners (EPB)

Barchart Research Team - BC - Mon Dec 10, 7:22PM CST

The "Chart of the Day" is El Paso Pipeline Partners (EPB), which showed up on Monday's Barchart "All-Time High" list. Es Paso on Monday posted a new all-time high of $38.62 and closed +1.40%. TrendSpotter has been long since last Wednesday at $37.54. In recent news on the stock, Goldman on Nov 5 upgraded El Paso Pipeline to Buy from Neutral with a target of $45. El Paso Pipeline Partners, with a market cap of $8 billion, is a limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines, storage, and other midstream assets.


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: 40% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 80% 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

I screwed up on SPNC post

I screwed up bigtime:

I attached the wrong Spectranetics SPNC to my post the other day.  I now post the day I bought and the day I sold:

The day I bought:

The Day I sold:

5 Large Cap Picks

This morning I sorted the S & P 500 Large Cap Index to find 5 stocks with great current upward price momentum and found Safeway (SWY), Starbucks (SBUX), Noble Energy (NBL), McKesson (MCK) and H & R Block (HRB):

Safeway (SWY)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 8 new highs and up 10.06% in the last month
• Relative Strength Index 60.04%
• Barchart computes  a technical support level at 17.43
• Recently traded at 17.94 with a 50 day moving average of 16.48

Starbucks (SBUX)

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 3.53% in the last month
• Relative Strength Index 66.82%
• Barchart computes a technical support level at 52.73
• Recently traded at 53.04 with a 50 day moving average of 49.34

Noble Energy (NBL)

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 6.79% in the last month
• Relative Strength Index 70.62%
• Barchart computes a technical support level at 97.88
• Recently traded at 101.47 with a 50 day moving average of 94.74

McKesson (MCK)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend spotter buy signal
• Above its 250, 50 and 100 day moving average
• 8 new highs and up 7.68% in the last quarter
• Relative Strength Index 63.30%
• Barchart computes a technical support level at 94.13
• Recently traded at 95.16 with a 50 day moving average of 91.64

H&R Block (HRB)

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 4.45% in the last month
• Relative Strength Index 63.06%
• Barchart computes a technical support level at 18.03
• Recently traded at 18.55 with a 50 day moving average of 17.75

MORE STOCK PICKS

Barchart Morning Call 12/10

Barchart Morning Call

BC - 1 hr 36 mins ago

Overnight Developments

• Dec E-mini S&Ps this morning are mildly lower by -0.18%. The market received some encouragement about the fiscal cliff after President Obama and House Speaker Boehner met over the weekend. In addition, there was positive Chinese economic news over the weekend. However, bearish factors this morning include a -0.98% sell-off in European stocks, a 31 bp surge in Italian 10-year bond yields on Italian Prime Minister Monti's resignation announcement, a weak Chinese export figure of +2.9% y/y, and a -20.7% drop in Japanese machine tool orders. Asian stocks today closed mostly higher with Japan up +0.07%, Hong Kong up +0.39%, and China up +1.09%. Commodity prices this morning are little changed on average. Jan crude oil is up +0.59%, Jan gasoline is up +1.16%, Feb gold is up +0.46%, March copper is up +1.17%, and agricultural prices are trading mostly lower. The dollar index is little changed. EUR/USD is down -0.16% on the Monti resignation news. March 10-year T-note prices are up 6.5 ticks.
• President Obama and House Speaker Boehner met at the White House over the weekend for a one-on-one session on the fiscal cliff. There were no public details about the content of the meeting. Washington only has this week and next week to reach a compromise before Congress intends to recess for the Christmas break next Friday (Dec 21).
• Greece has extended the deadline for last week's bond buyback from last Friday until this Tuesday at noon London time. Prime Minister Samaras said the buyback went "very well," but apparently the transaction is short of its target and more time is needed for Greece to twist some arms of bond holders. Greece's state-run NET TV reported that the buyback attracted offers totaling 27 billion euros in face value, which would be about 3 billion short of the 30 billion euro target. The buyback must meet its target or Greek and Eurozone officials will have to find another way to finish plugging the long-term Greek debt target. The bond buyback needs to be successfully wrapped up before Eurozone finance ministers can approve the revised Greek bailout plan and release up to 44 billion euros of withheld Greek aid through Q1.
• Italian Prime Minister Monti over the weekend announced that he will resign as soon as the Italian parliament approves the 2013 budget law. That means there will be an Italian election by February, two months earlier than previous expectations of April. The market is nervous about the return of the control of the Italian government to politicians from the technocratic government of Prime Minister Monti. Former Prime Minister Berlusconi forced Mr. Monti's resignation by withdrawing his party's support from the Monti coalition and said he is aiming to become Prime Minister again after the election. Italy's 10-year bond yield jumped sharply by 31 bp to 4.83% today on the Monti resignation news and the attempted comeback of Mr. Berlusconi, whose poor stewardship of Italy's response to the debt crisis led to the Monti government in the first place.
• Germany's Oct exports rose +0.3% m/m, which was slightly better than market expectations of -0.3% m/m and an improvement from -2.4% m/m in Sep. Oct imports rose by +2.5% m/m, which was stronger than market expectations of +0.4% m/m. Germany's trade balance of 15.8 billion euros was slightly higher than market expectations of 15.5 billion euros.
• The Chinese retail sales and industrial production data released on Saturday was stronger than expected and confirmed the market consensus that the Chinese economy is rebounding higher from the 3-1/2 year low GDP rate of +7.4% seen in Q3. Chinese Nov industrial production rose +10.1% y/y, which was stronger than market expectations of +9.8% and October's +9.6%. Meanwhile, Nov retail sales rose by +14.9% y/y, stronger than market expectations of +14.6% and October's +14.5%. Meanwhile, China's Nov CPI report on Friday rose to only +2.0% y/y from +1.7% in October, which was below market expectations of +2.1% y/y and give's the government some flexibility for stimulus measures.
• China's Nov exports rose only +2.9% y/y, which was much weaker than market expectations of +9.0% and was down from Oct's +11.6% y/y. Nov imports were unchanged versus expectations of +2.0% y/y and Oct's +2.4% y/y. The Chinese Nov trade surplus of $19.63 billion was substantially below expectations of $26.9 billion and was down from Oct's revised $32.1 billion.
• Venezuelan President Hugo Chavez over the weekend named the country's Vice President Nicolas Maduro to lead the nation in the event that he is unable to carry on his duties. Chavez is headed to Cuba for another round of cancer surgery.
• Japan's Q3 final GDP was revised to -0.9% q/q and -3.5% q/q annualized from -0.8% q/q and -3.3% q/q annualized.
• Japan's Nov machine tool orders report of -20.7% y/y was substantially weaker than market expectations of -6.7% y/y.
  Market Comments
  • Dec E-mini S&Ps this morning are mildly lower by -0.18% on the -0.98% sell-off in European stocks and the 31 bp surge in the Italian 10-year bond yield on the Monti resignation news. The S&P 500 index on Friday opened higher after Nov non-farm payrolls rose more than expected (+146,000) and the unemployment rate unexpectedly fell -0.2 to a 3-3/4 year low of 7.7%, but stocks fell back and settled mixed after U.S. consumer confidence fell more than expected and as the stalemate continues in U.S. budget talks. Closes: S&P 500 +0.29%, Dow Jones +0.62%, Nasdaq -0.59%. The Nasdaq closed lower as computer stocks fell, led by a -2.6% drop in Apple. The overall market retreated from its best levels after the Dec University of Michigan consumer confidence fell sharply by -8.2 points to a 4-month low of 74.5, and after House Speaker Boehner said no progress had been made in talks to avert the fiscal cliff.
  • March 10-year T-notes this morning are up 6.5 ticks on some increased safe haven demand with the sell-off in U.S. and European stocks and today's 31 bp surge in the Italian bond yield. March 10-year T-note prices on Friday slumped after stocks rose on the stronger-than-expected U.S. Nov payrolls report, but prices recovered from their worst levels and closed modestly lower after U.S. Dec University of Michigan consumer confidence fell more than expected to a 4-month low. Closes: TYH3 -10, FVH3 -2.7. Another negative for T-note prices was an increase in supply pressures ahead of the $66 billion in Treasuries that the Treasury will begin selling on Tuesday.
  • The dollar index this morning is little changed. EUR/USD is down -00021 (-0.16%) on the Monti resignation news and fears that Italy may soon begin losing the trust of the markets again once politicians retake control of its government. USD/JPY is down -0.30%. The dollar index on Friday posted a 2-week high and closed higher on the stronger-than-expected U.S. Nov payrolls report, while dovish comments from ECB Governing Council member Makuch boosted expectations for further ECB easing and sent EUR/USD to a 2-week low. Closes: Dollar index +0.169 (+0.21%), EUR/USD -0.00412 (-0.32%), USD/JPY +0.89 (+0.11%). Other negatives for EUR/USD were the weaker-than-expected German Oct industrial production along with the action by the Bundesbank to cut its 2012 and 2013 German GDP forecasts.
  • Jan WTI crude oil prices this morning are up +0.51 (+0.59%) and Jan gasoline is up +0.0300 (+1.16%) on the +0.3% increase in German exports and news of a 6-month high in Chinese Nov crude oil imports. Jan crude oil and gasoline prices on Friday settled mixed as a rally in the dollar index to a 2-week high undercut most commodities but an unexpected fall in the U.S. Nov unemployment rate to a nearly 4-year low of 7.7% boosted gasoline. Closes: CLF3 -0.33 (-0.38%), RBF3 +0.0005 (+0.02%). Other negatives included the bigger-than-expected decline in the U.S. Dec University of Michigan consumer confidence to a 4-month low and the weaker-than-expected industrial production reports from Germany and the U.K.
  • 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): JW/A-John Wiley & Sons (Consensus:$0.82), GEF-Greif (0.55), CASY-Casey's General (0.85), FGP-FerrellGas (-0.23), ABM-ABM Industries (0.40).
    Global Financial Calendar
    

    Monday 12/10/12
    United States
    1100 ET	USDA weekly grain export inspections.
    Japan
    0000 ET	Japan Nov consumer confidence, Oct 39.7.
    0100 ET	Japan Nov eco watchers survey current index, Oct 39.0. Nov eco watchers survey outlook index, Oct 41.7.
    1850 ET	Japan Nov M2 expected +2.3% y/y, Oct +2.3% y/y. Nov M3 expected +1.9% y/y, Oct +1.9% y/y.
    Germany
    0200 ET	German Oct trade balance expected 15.5 bln euros, Sep 16.9 bln euros. Oct imports are expected +0.4% m/m, Sep -1.6% m/m. Oct exports expected -0.3% m/m, Sep -2.4% m/m. Oct current account expected 13.5 bln euros, Sep 16.3 bln euros.
    Euro-Zone
    0430 ET	Eurozone Dec Sentix investor confidence index expected -16.9, Nov -18.8.
    United Kingdom
    1901 ET	UK Nov RICS house price balance, Oct -7%.

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