Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2013-01-06

Friday, January 11, 2013

5 Momentum Stocks

Today I screened the stocks hitting new monthly highs and then sorted for frequency. Next I used to Flipchart function to find the charts I liked. My list includes Charter Financial (CHFN), Rouse Properties (RSE), Guangshen Railway (GSH), Pacira Pharmaceuticals (PCRX) and Banco Santander (SAN):

Charter Financial (CHFN)

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 8.48% in the last month
Relative Strength Index 73.11%
Barchart computes a technical support level at 10.65
Recently traded at 11.00 with a 50 day moving average of 9.96

Rouse Properties (RSE)

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 16.22% in the last month
Relative Strength Index 87.50%
Barchart computes a technical support level at 17.59
Recently traded at 17.98 with a 50 day moving average of 15.76

Guangshen Railway (GSH)

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 18.52% in the last month
Relative Strength Index 82.16%
Barchart computes a technical support level at 20.37
Recently traded at 20.80 with a 50 day moving average of 17.87

Pacira Pharmaceuticals (PCRX)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 17.35% in the last month
Relative Strength Index 78.58%
Barchart computes a technical support level at 18.07
Recently traded at 18.87 with a 50 day moving average of 16.53

Banco Santander (SAN)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 14.91% in the last month
Relative Strength Index 77.07%
Barchart computes a technical support level at 8.62 with a 50 day moving average of 7.65

Barchart Morning Call 1/11

Barchart Morning Call

BC - Fri Jan 11, 7:00AM CST

Overnight Developments

March E-mini S&Ps this morning are slightly lower by -0.05% as the market waits for today's U.S. trade and import price reports. European stocks are slightly higher by +0.10%. Japanese stocks rallied by 1.40% today on the announcement of the Japanese government's big fiscal stimulus program. Other Asian stock markets today closed mostly lower. Hong Kong closed down -0.39% and China closed sharply lower by -1.87%. on the jump in China's CPI to a 7-month high of +2.5% y/y, which reduces the Chinese government's policy flexibility. Commodity prices are down -0.24% today after yesterday's rally. Feb crude oil is down -0.67%, Feb gasoline is down -1.45%, Feb gold is down -0.49%, March copper is down -0.78%, and agricultural prices are trading mostly lower. The dollar index is slightly higher by +0.15%, EUR/USD is down -0.11%, and USD/JPY is up +0.06%. March 10-year T-note prices are up 3 ticks.
Japanese Prime Minister Abe's government announced a 10.3 trillion yen ($116 billion) fiscal stimulus program. The government claims the plan will create 600,000 new jobs and boost GDP by 2 percentage points. PM Abe is risking a loss of investor confidence in Japanese government bonds by further boosting deficit spending. Japan's debt load as of 2012 rose to an alarming 237% of GDP, according to the IMF.
China's Dec CPI was reported last night at a 7-month high of +2.5% y/y, up from +2.0% in November and stronger than market expectations of +2.3%. China's Dec PPI strengthened to -1.9% y/y from -2.2% in November but was slightly below expectations of -1.8%. The jump in China's Dec CPI to +2.5% suggests that China's consumer inflation has bottomed out for the cycle and reduces the flexibility of the Chinese central bank to ease monetary policy. There have recently been some media reports that the PBOC might be close to cutting the bank reserve ratio.
Japan's Nov adjusted current account surplus of 225.9 bln yen was narrower than market expectations of 277 bln yen and was down from 414 bln yen in October. The report was bearish for the yen.
Italy today successfully sold 5 billion euros of securities.
Moody's cut Cyprus' credit rating by three notches to Caa3 from B3 due to the government's poor finances. Cyprus is already in the process of getting a bailout from the Eurozone.
The UK Nov industrial production report of +0.3% m/m was weaker than market expectations of +0.8%, but was at least stronger than October's decline of -0.9% m/m.

Minneapolis Fed President Narayana Kocherlakota said last night at a town hall meeting in Minneapolis that, "If anything, monetary policy is currently too tight, not too easy."
Market Comments

March E-mini S&Ps this morning are trading slightly lower by -0.75 points (-0.05%) on some overhang from the jump in China's CPI to +2.5% and the sharp sell-off in Chinese stocks today. The S&P 500 index on Thursday posted a 3-3/4 month high and closed higher after a stronger-than-expected +14.1% y/y increase in Chinese Dec exports reduced global economic concerns and after ECB President Draghi said the Eurozone economy should recover this year. Closes: S&P 500 +0.76%, Dow Jones +0.60%, Nasdaq +0.61%.
March 10-year T-notes this morning are up 3 ticks. March 10-year T-note prices on Thursday retreated and closed lower on improved global economic prospects after China's Dec exports rose more than expected and after ECB President Draghi said the Euro-Zone economy should slowly recover this year. Prices recovered from their worst levels on strong demand for yesterday's 30-year T-bond auction that had a bid-cover ratio of 2.77 (above the 12-auction average of 2.60) and with 37.8% taken by indirect bidders (above the 12-auction average of 33.7%). Closes: TYH3 -11.0, FVH3 -4.75.
The dollar index this morning is up +0.12 points (+0.15%), EUR/USD is down -0.0014 (-0.11%), and USD/JPY is up +0.05 (+0.06%). The dollar index on Thursday closed lower on reduced safe-haven demand after the S&P 500 posted a 3-month high and as EUR/USD rallied to a 1-week high after ECB President Draghi said the Eurozone economy should gradually recover. Another bullish factor for EUR/USD was a successful Spanish bond auction that pushed the Spanish 2-year bond yield to a new 2-year low and pushed the 10-year yield below 5% for the first time since March. Closes: Dollar index -0.819 (-1.02%), EUR/USD +0.02073 (+1.59%), USD/JPY +0.188 (+0.21%).
Feb WTI crude oil prices this morning are down -0.63 (-0.67%) and Feb gasoline is down -0.0405 (-1.45%) on the disappointing rise in the Chinese CPI. Feb crude oil and gasoline prices on Thursday rose to 3-month highs and settled higher on (1) the weaker dollar, (2) reduced global economic growth concerns after China's Dec exports rose by +14.1% y/y, and (3) a report from an unnamed Saudi Arabian oil official who said that Saudi Arabia cut its oil output in Dec by -4.9% to 9.025 million barrels a day, a 19-month low. Closes: CLG3 +0.72 (+0.77%), RBG3 +0.0144 (+0.52%).

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 ReportsEarnings reports (ranked by market cap): WFC-Wells Fargo (consensus $0.89), WAFD-Washington Fed (0.32).
Global Financial Calendar

Friday 1/11/13
United States
0830 ET	Dec import price index expected +0.1% m/m and -1.5% y/y, Nov -0.9% m/m and -1.6% y/y.
0830 ET	Nov U.S. trade deficit expected -$41.2 bln, Oct -$42.2 bln.
0930 ET	Philadelphia Fed President Charles Plosser speaks on U.S. economic outlook at NJ Economic Leadership Forum in Somerset, NJ.
1200 ET	USDA WASDE report and Quarterly Grain Stocks.
1400 ET	U.S. Dec monthly budget statement expected -$20 bln.
United Kingdom
0430 ET	UK Nov industrial production expected +0.8% m/m and -1.9% y/y, Oct -0.8% m/m and -3.0% y/y. Nov manufacturing production expected +0.5% m/m and -1.3% y/y, Oct -1.3% m/m and -2.1% y/y.
1000 ET	UK Dec NIESR GDP estimate, Nov +0.1%.

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

Burger King (BKW - Barchart Chart of the Day

Barchart.com's Chart of the Day - Burger King Worldwide (BKW)

Barchart Research Team - BC - Thu Jan 10, 6:07PM CST

The "Chart of the Day" is Burger King Worldwide (BKW), which showed up on Thursday's Barchart "All-Time High" list. Burger King posted an all-time Thursday at $18.04 and closed up +1.69%. TrendSpotter has been long since Dec 13 at $17.12. In recent news on the stock, PepsiCo announced on Thursday that it had formed a partnership with Burger King in China to make Pepsi the exclusive supplier of soft drinks for more than 100 Burger King restaurants in the Asian country, according to China Daily. On Dec 27, Burger King announced that it has entered into a multi-country, Master Franchise Joint Venture Agreement with BEBOCA LTD in Central America. The new joint venture will acquire the master franchise rights for the 178 Burger King restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama and has committed to manage the aggressive development of the Burger King® brand in these countries. Burger King Worldwide, with a market cap of $6.211 billion, operates fast food hamburger chains throughout the world.

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

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

Thursday, January 10, 2013

NASDAQ 100 Picks with a Big Suprise!

Today I sorted the NASDAQ 100 Index stocks to find the 5 with the best Barchart technical indicators and chart's and found a big surprise in Facebook (FB). The list today includes Facebook (FB), Celgene (CELG), C H Robinson Worldwide (CHRW), Expeditors International of Washington (EXPD), Fiserv (FISV):

Facebook (FB)

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 9.84% in the last month
Relative Strength Index 68.80%
Barchart computes a technical support level at 29.12
Recently traded at 30.67 with a 50 day moving average of 25.41

Celgene (CELG)

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 16.40% in the last month
Relative Strength Index 83.84%
Barchart computes a technical support level at 89.21
Recently traded at 93.72 with a 50 day moving average of 78.66

C H Robinson Worldwide (CHRW)

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 4.46% in the last month
Relative Strength Index 65.51%
Barchart computes a technical support level at 62.58
Recently traded at 64.37 with a 50 day moving average of 61.85

Expeditors International of Washington (EXPD)

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 11.15% in the last month
Relative Strength Index 74.14%
Barchart computes a technical support level at 40.65
Recently traded at 42.37 with a 50 day moving average of 38.20

Fiserv (FISV)

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 3.76% in the last month
Relative Strength Index 71.22%
Barchart computes a technical support level at 81.28
Recently traded at 82.99 with a 50 day moving average of 77.59

Barchart Moring Call 1/10

Barchart Morning Call

BC - 1 hr 46 mins ago

Overnight Developments

March E-mini S&Ps this morning are mildly higher by +0.26% on support from the strong Chinese Dec exports report of +14.1% y/y, which suggested an ongoing recovery in the Chinese economy. The BOE and ECB both left their respective monetary policies unchanged today as expected. European stocks are slightly higher by +0.05%. Asian stocks today closed higher nearly across the board. Japan closed +0.70%, Hong Kong closed +0.59%, and China closed +0.18%. Commodity prices are sharply higher this morning by +0.73% on a boost from the Chinese exports report. Feb crude oil is up +1.36%, Feb gasoline is up +0.79%, Dec gold is up +0.46%, March copper is up +1.16%, and agriculture prices are higher across the board. The dollar index is down -0.17% on reduced safe-haven demand. EUR/USD is up +0.27%. USD/JPY is up +0.25%. March 10-year T-note prices are down 6 ticks.
The ECB this morning announced that it left its refinancing rate unchanged at 0.75%, which was in line with market expectations. With the Eurozone debt crisis contained for the time being, the ECB expects the Eurozone economy to stabilize in the first half of 2013 and then slowly improve in the second half of 2013. ECB President Draghi will hold a press conference shortly.
The Bank of England at its meeting today left its policy unchanged, which was fully in line with market expectations. The BOE left the base rate unchanged at 0.50% and left its asset purchase target unchanged at 375 billion pounds.
China's Dec exports were reported last night at +14.1% y/y, which was much stronger than market expectations of +5.0% y/y and was up from +2.9% in November. The report supported the consensus view that the Chinese economy bottomed out in Q3 and is back on the upswing. China's Dec imports were up +6.0% y/y, which was stronger than market expectations of +3.5% y/y and was a positive sign for Chinese domestic demand. China's trade surplus of $31.60 billion was much larger than market expectations of $20.0 billion.
Spain today successfully sold 5.8 billion euros of 2-year, 5-year and 13-year bonds, which was more than its target of 5 billion euros. The Spanish 2-year bond yield today fell to a new 2-year low and the 10-year yield fell below 5% for the first time since March.
Tokyo Dec office vacancies fell slightly to 8.67% from 8.76% in Nov.
Japan's Nov leading index fell by -0.9 points to 91.9 from 92.8 in Oct. The Nov coincident index fell by -0.6 points to 90.1% from 90.7% in Oct.

President Obama today is expected to name Jack Lew as the new Treasury Secretary to replace outgoing Timothy Geithner. Mr. Lew's appointment signals the focus that President Obama expects to place on budget negotiations considerin that Mr. Lew is an expert on the federal budget and is regarded as a tough negotiator. The appointment suggests that Mr. Obama plans to play hardball in upcoming budget negotiations, thus making deals more contentious and drawn out.
Market Comments

March E-mini S&Ps this morning are up +3.75 points (+0.26%) on support from the strong Chinese exports report. The S&P 500 index on Wednesday closed mildly higher on some optimism about earnings after Alcoa expressed confidence about a pickup in Chinese economic growth and industrial metal demand. Closes: S&P 500 +0.27%, Dow Jones +0.46%, Nasdaq +0.33%.
March 10-year T-notes this morning are down 6 ticks on the higher trade in stocks and the improved global economic prospects suggested by the Chinese exports report. March 10-year T-note prices on Wednesday closed higher on some continued short-covering after last week's plunge following the fiscal cliff deal. Demand at yesterday's 10-year T-note auction was a little light with a bid-cover ratio of 2.83 (below the 12-auction average of 2.99) and with 28.5% taken by indirect bidders (below the 12-auction average of 37.3%). Closes: TYH3 +6.5, FVH3 +4.25.
The dollar index this morning is down -0.17 points (-0.22%) on reduced safe-haven demand. EUR/USD is up +0.0035 (+0.27%) and USD/JPY is up +0.22 (+0.25%). The dollar index on Wednesday closed mildly higher as foreign investment money continues to be attracted to the U.S. EUR/USD closed mildly lower on the weaker-than-expected German industrial production report of +0.2% (vs expectations of +1.0%). Closes: Dollar index +0.212 (+0.26%), EUR/USD -0.0017 (-0.13%), USD/JPY +0.83 (+0.95%).
Feb WTI crude oil prices this morning are up +1.27 (+1.36%) and Feb gasoline is up +0.0219 (+0.79%). Feb crude oil and gasoline prices on Wednesday closed lower. The DOE crude oil inventory report of +1.314 mln bbl (below expectations of +2.0 mln bbl) was supportive, but there was a bearish 7.412 mln bbl increase in gasoline inventories (far above expectations of +2.5 mln bbl) and a bearish 6.777 mln bbl increase in distillate inventories (far above expectations of 1.9 mln bbls). Also on the bearish side, U.S. crude oil production rose by +0.2% w/w to a new 19-3/4 year high of 7.002 mln bpd. Closes: CLG3 -0.05 (-0.05%), RBG3 -0.0155 (-0.55%).

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 ReportsEarnings reports (ranked by market cap): MSM-MSC Indl Direct (consensus $1.01), SNX-Synnex Corp (1.03), SVU-Supervalu (0.07).
Global Financial Calendar

Thursday 1/10/13
United States
0830 ET	Weekly initial unemployment claims expected -7,000 to 365,000, previous +10,000 to 372,000. Weekly continuing claims expected -17,000 to 3.228 mln, previous +44,000 to 3.245 mln.
0830 ET	USDA weekly Export Sales.
1000 ET	Nov wholesale inventories expected +0.3% m/m, Oct +0.6% m/m.
1300 ET	Treasury auction of $13 billion in 30-year T-bonds.
1310 ET	Kansas City Fed President George speaks on 2013 Economic Outlook in Kansas City.
1400 ET	St. Louis Fed President James Bullard speaks on monetary policy and the U.S. economic outlook in Madison.
2000 ET	Minneapolis Fed President Narayana Kocherlakota speaks at town hall meeting in Minneapolis.
Japan
0000 ET	Japan Nov leading index, Oct 92.8. Nov coincident index, Oct 90.7.
1850 ET	Japan Nov current account expected -30 bln yen, Oct 376.9 bln yen. Nov adjusted current account expected 310 bln yen, Oct 414.1 bln yen. Japan Nov trade balance BOP basis expected -831 mln yen, Oct -450.3 bln yen.
1850 ET	Japan Dec bank lending ex-trusts, Nov +1.3% y/y.
United Kingdom
0700 ET	Bank of England announces monetary meeting outcome. Base rate expected unch at 0.50% and asset purchase target expected unchanged at 375 bln pounds.
EUR	0745 ET
2030 ET	China Dec CPI, Nov +2.0% y/y. Dec PPI, Nov -2.2% y/y.
China
2030 ET	China Dec CPI expected +2.3% y/y, Nov +2.0% y/y. China Dec PPI expected -1.8% y/y, Nov -2.2% y/y.

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

Ingredion - INGR - Barchart Chart of the Day

Barchart.com's Chart of the Day - Ingredion (INGR)

Barchart Research Team - BC - Wed Jan 09, 6:20PM CST

The "Chart of the Day" is Ingredion (INGR), which showed up on Wednesday's Barchart "All-Time High" list. Ingredion on Wednesday posted a new all-time high of $67.50 and closed +2.31%. TrendSpotter has been long since Jan 2 at $67.00. In recent news on the stock, BB&T on Dec 4 reiterated its Buy rating and said that it remains confident in the company after meeting with management and that it expects the company's EPS growth to significantly accelerate in 2013. Ingredion, with a market cap of $5 billion, is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients.

ingr_700_01

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

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

Wednesday, January 9, 2013

5 Small Cap Picks

This morning I sorted the S&P 600 Small Cap Index to find 5 stock with great Barchart technical indicators and then used the flipchart function to review the charts. My list includes Quicksilver (ZQK), Virtus Investment Partners (VRTS), Tuesday Morning (TUES), Sabra Health REIT(SBRA), and Progress Software (PRGS):

Quicksilver (ZQK)

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 32.38% in the last month
Relative Strength Index 80.50%
Barchart computes a technical support level at 4.97
Recently traded at 5.59 with a 50 day moving average of 3.98

Virtus Investment Partners (VRTS)

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 11.97% in the last month
Relative Strength Index 79.43
Barchart computes a technical support level at 125.36
Recently traded at 129.70 with a 50 day moving average of 112.57

Tuesday Morning (TUES)

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 18.35% in the last month
Relative Strength Index 71.25%
Barchart computes a technical support level at 6.47
Recently traded at 7.16 with a 50 day moving average of 6.05

Sabra Health REIT (SBRA)

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 6.47% in the last month
Relative Strength Index 69.33%
Barchart computes a technical support level at 22.69
Recently traded at 23.50 with a 50 day moving average of 21.83

Progress Software (PRGS)

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 10.72% in the last month
Relative Strength Index 69.59%
Barchart computes a technical support level at 22.14
Recently traded at 22.73 with a 50 day moving average of 20.42

Barchart Morning Call 1/9

Barchart Morning Call

BC - 1 hr 52 mins ago

Overnight Developments

March E-mini S&Ps this morning are trading unchanged, supported by Alcoa's favorable China outlook but undercut by the weak German industrial production report of +0.2% m/m. European stocks are slightly higher by +0.10%. Asian stocks today closed mostly higher with Japan up +0.67%, Hong Kong up +0.46%, and China up +0.03%. Commodity prices are down -0.12%. Feb crude oil is down -0.20%, Feb gasoline is down -0.80%, Feb gold is down -0.07%, and March copper is up +0.29%. Agriculture prices are narrowly mixed. The dollar index is up +0.26%. EUR/USD is down -0.24% while USD/JPY is up +0.52%. March 10-year T-notes are unchanged.
Alcoa after yesterday's close reported Q4 EPS of 6 cents per share, which was in line with market expectations. Alcoa's Q4 revenue of 5.9 billion beat the market consensus of $5.6 billion. Alcoa's CEO said that Alcoa believes that aluminum demand in China will grow by 11% this year on stimulus spending announced by China's new leadership.
The German industrial production report of +0.2% m/m and -2.9% y/y was weaker than market expectations of +1.0% m/m. Oct was revised stronger to -2.0% m/m and -3.0% y/y from -2.6% m/m and -3.7% y/y. The report highlighted the toll that the Eurozone recession is having on the German economy. GBP/USD is down -0.21% this morning.

The UK trade report showed a mildly larger deficit than expected and was mildly bearish for the pound. The Nov visible trade deficit of -9.164 billion pounds was wider than the expected -9.0 billion pounds, but was at least down from Oct's report of -9.487 billion pounds.
Market Comments

March E-mini S&Ps this morning are unchanged. Alcoa's positive outlook for China is a supportive factor for stocks this morning, but Germany's industrial production report of +0.2% was weaker than expected. The S&P 500 index on Tuesday closed mildly lower for the second session on long liquidation pressure sparked by nervousness ahead of earnings season and the debt ceiling battle in February. Closes: S&P 500 -0.32%, Dow Jones -0.41%, Nasdaq -0.20%. U.S. Nov consumer credit rose +$16.045 bln, stronger than market expectations of +$12.8 bln. The Eurozone Dec economic confidence index rose by 1.3 points to 87.0 from 85.7 in Nov, which was stronger than market expectations for a +0.6 point increase to 86.3.
March 10-year T-notes this morning are unchanged ahead of today's 10-year T-note auction. March 10-year T-note prices on Tuesday closed moderately higher on (1) some increased safe-haven demand with the sell-off in stocks, and (2) strong demand for the 3-year T-note auction with a bid cover ratio of 3.62, up from 3.36 in Dec and above the 12-auction average of 3.55. However, foreign demand f or the 3-year was weak with indirect bidders taking 28.4% of the auction, below the 12-auction average of 30.5%. Closes: TYH3 +9, FVH3 +4.
The dollar index this morning is mildly higher by +0.21 (+0.26%). EUR/USD is down -0.0032 (-0.24%), and USD/JPY is up +0.45 (+0.52%). The dollar index on Tuesday closed slightly higher on the continued slide in the stock market. EUR/USD fell on mixed Eurozone economic data and on continued worries about the outside chance for an ECB rate cut on Thursday. Closes: Dollar index +0.09 (+0.11%), EUR/USD -0.0036 (-0.27%), USD/JPY -0.74 (-0.84%).
Feb WTI crude oil prices this morning are down -0.19 (-0.20%) and Feb gasoline is down -0.0233 (-0.80%) on the higher dollar and worries ahead of today's weekly DOE report, which is expected to show inventory increases for crude oil and products. Feb crude oil and gasoline prices on Tuesday closed mixed. Crude oil prices were pressured by the API report of a 2.4 mln bbl rise in crude oil inventories, mildly stronger than the consensus for a 2.0 mln bbl rise for today's DOE report. API gasoline inventories rose sharply by 7.9 mln bbl, well above the DOE consensus of +2.5 mln bbl. Gasoline was supported by a leak and shut-down of the Motiva Enterprises 325,000 bpd refinery at Port Arthur, TX. Closes: CLG3 -0.04 (-0.04%), RBG3 +0.0170 (+0.61%).

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 ReportsEarnings reports (ranked by market cap): STZ-Constellation (consensus $0.55), PSMT-Pricesmart (0.62), TXI-Texas Industries (-0.31), HELE-Helen of Troy (1.14), AZZ-AZZ Inc (0.61), RT-Ruby Tuesday (-0.06%).
Global Financial Calendar

Wednesday 1/9/13
United States
0700 ET	Weekly MBA mortgage applications, previous -10.4% with the purchase sub-index down -10.5% and refi index -10.4%.
1030 ET	DOE Weekly Petroleum Status Report.
1300 ET	Treasury auction of $21 billion in 10-year T-notes.
United Kingdom
0430 ET	UK Nov visible trade balance expected -9.0 bln pounds, Oct -9.539 bln pounds. Nov non-EU trade balance expected -42. bln pounds, Oct -4.532 bln pounds. Nov total trade balance expected -3.0 bln pounds, Oct -3.644 bln pounds.
Germany
0600 ET	German Nov industrial production expected +1.0% m/m and -2.9% y/y, Oct -2.6% m/m and -3.7% y/y.

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

ResMed (RMD) - Barchart Chart of the Day

Barchart.com's Chart of the Day - ResMed (RMD)

Barchart Research Team - BC - Tue Jan 08, 6:46PM CST

The "Chart of the Day" is ResMed (RMD), which showed up on Tuesday's Barchart "All-Time High" list. ResMed on Tuesday posted a new all-time high of $43.48 and closed +1.07%. TrendSpotter has been long since Dec 11 at $42.08. In recent news on the stock, ResMed on Oct 25 reported fiscal Q1 EPS of 49 cents, above the consensus of 46 cents. ResMed, with a market cap of $6 billion, is a leading manufacturer and distributor of medical equipment for treating and diagnosing sleep disordered breathing. Sleep disordered breathing includes sleep apnea and related respiratory conditions.

rmd_700

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

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

Tuesday, January 8, 2013

5 Mid Cap Picks

Today's picks come from the S&P 400 Mid Cap Index. I sorted the list for Barchart buy indicators and then used the flipchart function to view the graphs. The list includes VCA Antech (WOOF), Memc Electronic Materials (WFR), Teleflex (TFX), Signet Jewelers (SIG) and Phillips-Van Heusen (PVH):

VCA Antech (WOOF)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 6.25% in the last month
Relative Strength Index 77.88%
Barchart computes a technical support level at 21.55
Recently traded at 22.10 with a 50 day moving average of 20.33

Memc Electronics Materials (WFR)

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 23.76% in the last month
Relative Strength Index 73.12%
Barchart computes a technical support level at 3.53
Recently traded at 37.2 with a 50 day moving average of 2.87

Teleflex (TFX)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving average
9 new highs and up 6.77% in the last month
Relative Strength Index 73.26%
Barchart computes a technical support level at 72.27
Recently traded at 73.81 with a 50 day moving average of 69.61

Signet Jewelers (SIG)

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 8.14% in the last month
Relative Strength Index 71.57%
Barchart computes a technical support level at 51.79
Recently traded at 58.45 with a 50 day moving average of 53.50

Phillips-VanHausen (PVH)

Barchart technical indicators:

Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 4.58% in the last month
Relative Strength Index 66.18%
Barchart computes a technical support level at 114.44
Recently traded at 117.50 with a 50 day moving average of 110.25

Barchart Morning Call

BC - 2 hrs 24 mins ago

Overnight Developments

March E-mini S&Ps this morning are little changed as the market remains nervous ahead of Q4 earnings season and the debt ceiling battle that will start in earnest in February. European stocks are up +0.49% this morning on the improvement in the Eurozone confidence indexes. Asian stocks today closed mostly lower on overhang from Monday's weak U.S. stock market session. Japan today closed down -0.86%, Hong Kong closed down -0.94%, and China closed down -0.42%. Commodity prices this morning are mildly higher by +0.16%. Feb crude oil is up +0.54%, Feb gasoline is up +0.94%, Feb gold is up +0.63%, March copper is up +0.12%, and agriculture prices are trading mostly lower. The dollar index is slightly lower by -0.10% this morning. EUR/USD is up +0.05% and USD/JPY is down -0.32%. March 10-year T-notes are up +2 ticks.
The European Stability Mechanism (ESM) will sell up to 2 billion euros in 3-year bills later today in its first debt auction. The sale will be a test of investor interest in buying securities that provide bailout aid to Eurozone countries and that are backed by Eurozone sovereign commitments.
The Eurozone Dec economic confidence index rose by 1.3 points to 87.0 from 85.7 in Nov, which was stronger than market expectations for a +0.6 point increase to 86.3. The other Eurozone confidence indexes showed some improvement and were mixed relative to market expectations. The Dec Eurozone business climate indicator improved to -1.12 from a revised -1.17 in Nov although it was weaker than market expectations of -1.09. The Dec Eurozone industrial confidence report improved to -14.4 from a revised -15.0 in Nov and was slightly stronger than market expectations of -14.5. The Eurozone Dec services confidences index improved to -9.8 from -11.9 in Nov and was stronger than market expectations of -11.5.
German Nov exports fell by -3.4% m/m, which was weaker than market expectations of -0.5% m/m and was a disappointing sign for the German economic outlook. German Nov imports fell by -3.7% m/m versus expectations of +0.5% m/m. The German Nov trade balance widened to 17.0 bln euros from 15.8 bln euros in October.
The German Nov factory orders report fell -1.8% m/m and -1.0% y/y, which was weaker than market expectations of -1.4% m/m and -0.4% m/m.
The Eurozone Nov retail sales report of +0.1% m/m and -2.6% y/y was slightly weaker than market expectations of +0.3% m/m and -2.1% y./y, but was at least an improvement from Oct's revised report of -0.7% m/m and -3.2% y/y.
The Eurozone Nov unemployment rate rose slightly by 0.1 point to a new record high of 11.8% from 11.7% in October.

The chances are increasing for a cut in the Chinese reserve requirement ratio for banks in January, according to the official Xinhua News Agency, which cited "industry insiders."
Market Comments

March E-mini S&Ps this morning are slightly lower by -0.25 points (-0.02%) as the market looks ahead to today's unofficial start of the Q4 earnings season with Alcoa's earnings report after the close. The S&P 500 index on Monday closed mildly lower on long liquidation pressure after last week's rally sparked by nervousness ahead of earnings season and the debt ceiling battle in February. Banks rallied on the decision by global banking regulators to delay liquidity ratio requirements. Closes: S&P 500 -0.31%, Dow Jones -0.38%, Nasdaq -0.01%.
March 10-year T-notes this morning are up 2 ticks. March 10-year T-note prices on Monday closed mildly higher on the mildly lower close in stocks and on a little short-covering. Closes: TYH3 +2, FVH3 +0.5.
The dollar index this morning is slightly lower by -0.08 points (-0.10%). EUR/USD is up +0.00006 (+0.05%). USD/JPY is down -0.28 (-0.32%). The dollar index on Monday closed mildly lower on some long liquidation pressure after last week's sharp rally. EUR/USD rallied despite the outside chance that the ECB at its meeting on Thursday may cut rates by 25 to jump-start the Eurozone economy. Closes: Dollar index -0.24 (-0.30%), EUR/USD +0.0048 (+0.37%), USD/JPY -0.36 (-0.41%).
Feb WTI crude oil prices this morning are up +0.50 (+0.54%) and Feb gasoline is up +0.0260 (+0.94%). Feb crude oil and gasoline prices on Monday closed mildly higher on continued supportive sentiment from last week's fiscal cliff deal and on last Friday's 11 million barrel plunge in U.S. crude oil inventories. Closes: CLG3 +0.10 (+0.11%), RBG3 +0.0131 (+0.47%).

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 ReportsEarnings reports (ranked by market cap): MON-Monsanto (consensus $0.36), AA-Alcoa (0.06), IHS-IHS Inc (1.11), RMP-RMP Intl (0.42), GPN-Global Payments (0.87), AYI-Acuity Brands (0.83), APOL-Apollo Group (-0.90), LNN-Lindsay Corp (0.75).
Global Financial Calendar

Tuesday 1/8/13
United States
1300 ET	Treasury auction of $32 billion in 3-year T-notes.
1500 ET	Nov consumer credit expected +$12.75 bln, Oct +$14.2 bln.
1500 ET	Richmond Fed President Jeffrey Lacker speaks on the U.S. economic outlook at South Carolina Business & Industry Political Education Committee's 27th annual meeting.
1630 ET	API weekly U.S. oil statistics.
Germany
0200 ET	German Nov trade balance expected 15.8 bln euros, Oct 15.8 bln euros. German Nov exports expected -0.3% m/m, Oct +0.2% m/m. German Nov imports expected +0.5% m/m, Oct +2.5% m/m. Nov current account expected 16.0 bln euros, Oct 13.6 bln euros.
0600 ET	German Nov factory orders, Oct +3.9% m/m and -2.4% y/y.
Euro-Zone
0500 ET	Eurozone final Dec consumer confidence expected unrevised at -26.6.
0500 ET	Eurozone Dec business climate indicator expected -1.09, Nov -1.19. Dec Eurozone economic confidence expected 86.3, Nov 85.7. Dec industrial confidence expected -14.5, Nov -15.1. Dec services confidence expected -11.5, Nov -11.9.
0500 ET	Eurozone Nov retail sales expected +0.3% m/m and -2.1% y/y, Oct -1.2% m/m and -3.6% y/y.
0500 ET	Eurozone Nov unemployment rate expected 11.8%, Oct 11.7%.
0600 ET	German Nov factory orders expected -1.4% m/m and -0.3% y/y, Oct +3.9% m/m and -2.4% y/y.
United Kingdom
1901 ET	UK Dec BRC shop price index expected +1.7% y/y, Nov +1.5% y/y.

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

Amazon.com (AMZN) - Barchart Chart of the Day

Barchart.com's Chart of the Day - Amazon.Com (AMZN)

Barchart Research Team - BC - Mon Jan 07, 7:00PM CST

The "Chart of the Day" is Amazon.Com (AMZN), which showed up on Monday's Barchart "All-Time High" and ""Gap Up" lists. Amazon on Monday posted a new all-time high of $269.73 and closed +3.59%. TrendSpotter turned long last Thursday at $257.31. Amazon on Monday rallied on Morgan Stanley's upgrade in Amazon to Overweight from Equal Weight due to Morgan Stanley's belief that Amazon's fulfillment network is underappreciated and will allow the stock price to rally and to drive international opportunities. Amazon.com, with a market cap of $117 billion, is the world's largest online retailer.

amzn_700_01

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 33% Buy
Overall Average 88% Buy

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

Monday, January 7, 2013

Large Cap Gems

Today I sorted the S&P 500 Large Cap Index to find 4 stocks with great Barchart technical indicators and charts. The list today includes Zion Bancorporation (ZION), X L Companies Switzerland GMBH (XL), Wynn Resorts (WYNN), Weyerhaeuser (WY) and Visa (V):

Zion Bancorporation (ZION)

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 15.50% in the last month
Relative Strength Index 72.63%
Barchart computes a technical support level at 21.65
Recently traded at 22.65 with a 50 day moving average of 20.71

XL Companies Switzerland GMBH (XL)

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 6.86% in the last month
Relative Strength Index 68.63%
Barchart computes a technical support level at 25.21
Recently traded at 26.01 with a 50 day moving average of 24.57

Wynn Resorts (WYNN)

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 9.68% in the last month
Relative Strength Index 69.65%
Barchart computes a technical support level at 117.99
Recently traded at 120.76 with a 50 day moving average of 112.19

Weyerhaeuser (WY)

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 8.21% in the last month
Relative Strength Index 66.52%
Barchart computes a technical support level at 28.98
Recently traded at 29.39 with a 50 day moving average of 27.31

Visa (V)

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 6.22% in the last month
Relative strength Index 70.14%
Barchart computes a technical support level at 153.84
Recently traded at 156.93 with a 50 day moving average of 146.25

Barchart Moring Call 1/7

Barchart Morning Call

BC - 1 hr 31 mins ago

Overnight Developments

March E-mini S&Ps this morning are slightly lower by -0.09%. European stocks are down -0.35%. Asian stocks are mostly lower this morning with Japan down -0.83%, Hong Kong down -0.01%, and China up +0.46%. Commodity prices are up +0.23%. Feb crude oil is down -0.46%, Feb gasoline is down -0.54%, Feb gold is up +0.35%, March copper is down -0.83%, and agriculture prices are trading mostly higher. The dollar index is mildly higher by +0.14%. EUR/USD is down -0.26% with the outside chance of an ECB rate cut at this Thursday's ECB meeting. USD/JPY is down -0.31% on some long liquidation pressure after the recent sharp rally. March 10-year T-note prices are up 3.5 ticks.
Global banks won a 4-year delay in fully implementing the international bank liquidity coverage ratio (LCR) as international bank regulators were afraid of sparking a credit crunch. The decision to relax bank liquidity rules is expected to boost bank profits over the short-term. Bank stocks are up by about 2% in European trading this morning.
Former Prime Minister Berlusconi's People of Liberty Party and the Northern League renewed their partnership and will campaign together ahead of February's national election. Mr. Berlusconi said he may step back from being prime minister if the coalition wins enough votes, but he said he would be open to being finance minister. The markets would be pleased if Berlusconi does not serve in the cabinet in any capacity considering his alarming performance in his last go-around as prime minister when Italy was forced to install the current technocratic government of Mario Monti to address Italy's response to the European debt crisis.
Washington this week will be preocupied with Obama cabinet appointments with President Obama reportedly set to pick former Senator Chuck Hagel as Defense Secretary. Mr. Obama will reportedly appoint his counterterrorism chief John Brennan as CIA chief. President Obama is expected to make those announcements this afternoon.
Senate Minority Leader Mitch McConnell said on ABC's "This Week" program that further tax changes are off the table as part of debt ceiling negotiations with President Obama. He said, "The tax issue is finished, over, completed." President Obama recently said that any deal to cut spending would need to be balanced with tax reform and increased tax revenues.
Philadelphia Fed President Charles Plosser on Saturday said that the Fed must defend its 2% inflation target, "either on the upside or the downside." However, he said that "small but steady deflation is not something that we should necessarily be terrified of."

Fed Vice Chairman Janet Yellen said on Saturday that the Fed's communication policy is playing a "big role" in Fed policy considering that the Fed's benchmark interest rate is near zero. She also said that the Fed can raise its interest rate paid on excess reserves when it comes time to start reversing its monetary policy.
Market Comments

March E-mini S&Ps this morning are down -1.25 points (-0.09%) as the market runs into some long liquidation pressure after last week's sharp rally and ahead of the debt ceiling battle. The S&P 500 index on Friday edged to a new 3-month high and closed mildly higher on the stronger-than-expected Nov-Dec payroll reports and ISM non-manufacturing index. Closes: S&P 500 +0.49%, Dow Jones +0.33%, Nasdaq -0.28%. The U.S. Dec unemployment rate of 7.8% was slightly higher than market expectations of +7.7%, and Nov was revised higher to 7.8% from 7.7%. Dec payrolls of +155,000 were slightly stronger than market expectations of +150,000, and Nov was revised higher to +161,000 from +136,000. Dec manufacturing payrolls showed an encouraging rise of +25,000. The Dec ISM non-manufacturing index rose +1.4 points to 56.1 from 54.7 in Nov, which was substantially stronger than market expectations of -0.6 to 54.1.
March 10-year T-notes this morning are up 3.5 ticks. March 10-year T-note prices on Friday posted a new 2-1/4 month low but then recovered to close just slightly lower. T-notes were undercut by the payroll and ISM non-manufacturing data and by Thursday's FOMC Dec 11-12 meeting minutes suggesting the FOMC will end QE3 sometime this year. Closes: TYH3 -3.5, FVH3 -1.75.
The dollar index this morning is up +0.11 points (+0.14%). EUR/USD is down -0.0034 (-0.26%) and USD/JPY is down -0.27 (-0.31%). The dollar index on Friday rallied to a new 1-1/2 month high and closed mildly higher on support from the U.S. payroll and ISM non-manufacturing report and on continued support from the FOMC minutes suggesting the FOMC will end QE3 this year. Closes: Dollar index +0.12 (+0.15%), EUR/USD +0.0020 (+0.15%), USD/JPY +0.91 (+1.04%).
Feb WTI crude oil prices this morning are down -0.43 (-0.46%) and Feb gasoline is down -0.0148 (-0.54%) on this morning's higher dollar index and on continued doubts about the global economy. Feb crude oil on Friday was supported by the 11.1 mln bbl plunge in U.S. crude oil inventories while Feb gasoline was undercut by the 2.569 mln bbl rise in gasoline inventories. Both crude oil and gasoline were undercut by continued strength in the dollar index, but were supported by the stronger-than-expected U.S. payroll report and ISM non-manufacturing index. Closes: CLG3 +0.17 (+0.18%), RBG3 -0.0334 (-1.19%).

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): CMC-Commercial Metal (consensus $0.17).
Global Financial Calendar

Monday 1/7/13
United States
1100 ET	USDA weekly grain export inspections.
Japan
0000 ET	Japan Dec vehicle sales, Nov -3.3% y/y.
Euro-Zone
0430 ET	Eurozone Jan Sentix investor confidence expected -14.2, Dec -16.8.
0500 ET	Eurozone Nov PPI expected -0.2% m/m and +2.4% y/y, Oct +0.1% m/m and +2.6% y/y.
United Kingdom
0300 ET	UK Dec Halifax house prices expected unch m/m and -0.6% y/y, Nov +1.0% m/m and -1.3% y/y.
1901 ET	UK Dec BRC sale like-for-like expected +0.5% y/y, Nov +0.4% y/y.

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

Sunoco Logistics Partners - SXL) - Barchart Chart of the Day

Barchart.com's Chart of the Day - Global Calendar - Monday 1/7/13

Barchart Research Team - BC - Sat Jan 05, 9:00PM CST

The "Chart of the Day" is Sunoco Logistics Partners (SXL), which showed up on Friday's Barchart "All-Time High" list. Sunoco Logistics on Friday posted a new all-time high of $53.29 and closed +0.84%. TrendSpotter turned long last Thursday at $52.08. In recent news on the stock, Sunoco Logistics on Nov 7 reported Q3 EPS of $1.09, which was far above the consensus of $0.80. The company also announced a 10% quarterly dividend increase to 51.75 cents per share. Sunoco Logistics, with a market cap of $6 billion, is a limited partnership formed by Sunoco, Inc. to acquire, own, and operate a geographically diverse and complementary group of refined product and crude oil pipelines and terminal facilities.

sxl_700

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

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