Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2014-01-19

Friday, January 24, 2014

Receptos (RCPT) - Barchart's Chart of the Day

Receptos (RCPT) is the Barchart Chart of the Day. The company develops therapeutics for immune disorders and was one of the few stocks to hit a new hit today. The stock has a Trend Spotter buy signal, a Weighted Alpha of 216.53+ and gained 205.80% in the last year.

The Chart of the Day is Receptos (RCPT). With the soft market where 64% of all stocks are trading below their 20 day moving averages I decided to see what stocks hit an all time new highs today. There weren't many so I sorted for new high frequency in the last month, eliminated those that didn't have positive returns in the last week and month and used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on12/5 the stock gained 56.58%.

Receptos, Inc. is a biopharmaceutical company. It develops therapeutic for the treatment of immune and metabolic diseases.

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.

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 48.92% in the last month
Relative Strength Index 74.60%
Barchart computes a technical support level at 41.41
Recently traded at 43.05 with a 50 day moving average of 29.14

Fundamental factors:

Market Cap $787.52 million
Revenue predicted to grow by 75.20% next year
Earnings are estimated to increase by 51.00% next year
Wall Street analysts issued 2 strong buy and 2 buy recommendations on the stock

Even is a terrible market there will always be a few salmon swimming against the current. Watch this one closely because few stocks can fight the rip current for too long. Watch the 50 day moving averages.

I do not hold a position in this stock.

BARCHART MORNING CALL 1/24

BARCHART MORNING CALL

Friday, January 24th, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.71%) this morning are down -0.59% at a 1-month low and European stocks are down -1.78% at a 3-week low on concern over emerging market economies. Asian stocks closed mostly lower: Japan -1.94%, Hong Kong -1.25%, China +0.62%, Taiwan +0.04%, Australia -0.42%, Singapore -0.78%, South Korea -0.33%, India -1.12%. Japan's Nikkei Stock Index fell to a 5-week low and the Australian dollar plunged to a 3-1/2 year low against the U.S. dollar on possible financial stress in China after China's banking regulator ordered regional offices to increase scrutiny of credit risks in the coal mining industry. The concern over emerging-market stocks and currencies has boosted the safe-haven demand for German bunds as the 10-year German bund yield tumbled to a 5-1/2 month low of 1.637%. Commodity prices are mixed. Mar crude oil (CLH14 -0.35%) is down -0.40%. Mar gasoline (RBH14 -0.75%) is down -0.66%. Feb gold (GCG14 +0.57%) is up +0.63% at a 2-month high after Argentina's government devalued the Argentina peso 12.7% in an attempt to halt a decline in foreign reserves. March copper (HGH14 -0.03%) is down -0.23% at a 1-1/2 month low on Chinese demand concerns. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.12%) is down -0.21% at a 3-week low. EUR/USD (^EURUSD) is up +0.17% at a 3-week high on supportive comments from ECB Governing Council member Visco. USD/JPY (^USDJPY) is down -0.99% at a 1-1/2 month low as a rout in emerging-market currencies and a slide in stocks spurs safe-haven demand for the yen. March T-note prices (ZNH14 +0.44%) are up +17.5 ticks at a 1-3/4 month high on increased safe-haven demand.
According to people with knowledge of the matter, China's Banking Regulatory Commission (CBRC) ordered its regional offices to increase scrutiny of credit risks in the coal-mining industry and to closely monitor risks from trust and wealth-management products. China's coal industry has come under scrutiny as investors seek repayment of a 3 billion yuan ($496 million) trust product that's facing default because the miner that borrowed the funds collapsed.
ECB Governing Council member and Bank of Italy Governor Visco said "the Eurozone has a substantial current account surplus and is going to keep it" and that "capital is moving toward Europe and this gives strength to the euro."

U.S. STOCK PREVIEW

There are no U.S. economic reports today. There are 10 of the S&P 500 companies that report earnings today: Honeywell (consensus $1.21), Procter & Gamble (1.20), Bristol-Myers Squibb (0.43), Stanley Black & Decker (1.30), WW Grainger (2.62), Kansas City Southern (1.10), Xerox (0.29), Covidien (0.94), State Street (1.19), Kimberley-Clark (1.39). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

State Street Corp. (STT -3.18%) reported Q4 EPS of $1.15, below consensus of $1.19.
Procter & Gamble (PG -1.25%) reported Q2 EPS of $1.21, higher than consensus of $1.20.
Honeywell International (HON -1.42%) reprted Q4 EPS of $1.24, better than consensus of $1.21.
Stanley Black & Decker (SWK -0.64%) reported Q4 EPS of $1.32, higher than consensus of $1.30.
Bristol-Myers Squibb (BMY -1.57%) reported Q4 EPS of 51 cents, better than consensus of 43 cents.
According to Nikkei.com, Harley-Davidson (HOG -1.47%) will begin selling three-wheelers in Japan for the first time starting February 1.
Celanese (CE -0.29%) reported Q4 adj. EPS of $1.04, better than consensus of $1.02.
KLA-Tencor (KLAC -0.20%) reported Q2 EPS of 85 cents, stronger than consensus of 80 cents.
Altera (ALTR -1.17%) reported Q4 EPS of 31 cents, stronger than consensus of 30 cents.
E-Trade (ETFC -2.19%) rallied nearly 3% in after-hours tradign after it reported Q4 EPS of 20 cents, higher than consensus of 19 cents.
Leggett & Platt (LEG +1.29%) reported Q4 adjusted EPS of 35 cents, better than consensus of 34 cents.
Juniper (JNPR -0.65%) rose 2% in after-hours trading after it reported preliminary Q4 EPS of 43 cents, stronger than consensus of 37 cents.
Intuitive Surgical (ISRG -0.03%) reported Q4 EPS of $4.28, well above consensus of $3.83.
Discover (DFS -2.35%) reported Q4 EPS of $1.23, better than consensus of $1.18.
Microsoft (MSFT +0.36%) climbed 4% in after-hours trading after it reported Q2 EPS of 78 cents, well ahead of consensus of 68 cents.
Starbucks (SBUX -0.29%) reported Q1 EPS of 71 cents, higher than consensus of 69 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.71%) this morning are down -10.75 points (-0.59%) at a 1-month low. The S&P 500 on Thursday sold off to a 1-week low on Chinese economic concerns. The China Jan HSBC/Markit flash manufacturing PMI fell -0.9 to 49.6, weaker than expectations of -0.2 to 50.3 and the lowest level in 6 months. Another negative for stocks was the unexpected increase in U.S. weekly continuing jobless claims by +34,000 to a 6-month high 3.056 million, more than expectations for a -105,000 decline to 2.925 million. Closes: S&P 500 -0.89%, Dow Jones -1.07%, Nasdaq 100 -0.38%.
Mar 10-year T-notes (ZNH14 +0.44%) this morning are up +17.5 ticks at a 1-3/4 month high. Mar 10-year T-note futures prices on Thursday closed higher and the 10-year T-note yield fell to a 1-1/2 month low of 2.758% on increased safe-haven demand after stocks tumbled due to Chinese growth concerns. The S&P 500 dropped to a 1-week low after the Chinese manufacturing PMI unexpectedly contracted last month. Closes: TYH4 +26.0, FVH4 +17.00.
The dollar index (DXY00 -0.12%) this morning is down -0.171 (-0.21%) at a 3-week low. EUR/USD (^EURUSD) is up +0.0023 (+0.17%) at a 3-week high. USD/JPY (^USDJPY) is down -1.02 (-0.99%) at a 1-1/2 month low. The dollar index on Thursday posted a 1-week low and settled lower and EUR/USD rallied to a 1-week high on signs of stronger economic growth in the Europe. The Eurozone Jan PMI composite index climbed by larger-than-expected +1.1 to 53.2, the fastest pace of expansion in 2-1/2 years. Closes: Dollar index -0.729 (-0.90%), EUR/USD +0.01489 (+1.10%), USD/JPY -1.245 (-1.19%).
Mar WTI crude oil (CLH14 -0.35%) this morning is down -39 cents (-0.40%) and Mar gasoline (RBH14 -0.75%) is down -0.0175 (-0.66%). Mar crude oil and gasoline prices on Thursday settled mixed. Mar crude rallied to a 3-week high closed higher after (1) the dollar index fell to a 1-week low, (2) weekly EIA distillate inventories plunged -3.212 million bbl, greater than expectations of -561,000 bbl, and (3) TransCanada began deliveries of crude through its Keystone XL pipeline from Oklahoma to the Gulf Coast, which should start to reduce crude inventories at Cushing, Oklahoma, the delivery point of WTI futures. Gasoline closed lower after weekly EIA gasoline stockpiles rose by a greater-than-expected +2.123 million bbl to a 2-3/4 year high of 235.265 million bbl. Closes: CLH4 +0.59 (+0.61%), RBH4 -0.0185 (-0.69%).

GLOBAL EVENT CALENDAR01/24/2014

US	0830 ET	USDA weekly Export Sales.
	1500 ET	Dec USDA Cattle on Feed.
EUR	1200 ET	ECB President Mario Draghi addresses the 2014 World Economic Forum in Davos, Switzerland on the topic The Path from Crisis to Stability.

U.S. STOCK CALENDAR01/24/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Precision Castparts Corp	PCP US	3:01	Q3 2014 Earnings Release	Q3 2014	3.034
Lockheed Martin Corp	LMT US	6:25	Q4 2013 Earnings Release	Q4 2013	2.125
Fifth Third Bancorp	FITB US	6:30	Q4 2013 Earnings Release	Q4 2013	0.42
KeyCorp	KEY US	6:45	Q4 2013 Earnings Release	Q4 2013	0.247
Baxter International Inc	BAX US	7:00	Q4 2013 Earnings Release	Q4 2013	1.252
AmerisourceBergen Corp	ABC US	7:00	Q1 2014 Earnings Release	Q1 2014	0.784
Johnson Controls Inc	JCI US	7:00	Q1 2014 Earnings Release	Q1 2014	0.695
McDonald's Corp	MCD US	7:58	Q4 2013 Earnings Release	Q4 2013	1.393
Southwest Airlines Co	LUV US	8:00	Q4 2013 Earnings Release	Q4 2013	0.288
Union Pacific Corp	UNP US	8:00	Q4 2013 Earnings Release	Q4 2013	2.486
Baxter International Inc	BAX US	8:30	Q4 2013 Earnings Call	Q4 2013
Union Pacific Corp	UNP US	8:45	Q4 2013 Earnings Call	Q4 2013
Noble Corp plc	NE US	9:00	Q4 2013 Earnings Call	Q4 2013
KeyCorp	KEY US	9:00	Q4 2013 Earnings Call	Q4 2013
Fifth Third Bancorp	FITB US	9:00	Q4 2013 Earnings Call	Q4 2013
Precision Castparts Corp	PCP US	10:00	Q3 2014 Earnings Call	Q3 2014
Citigroup Inc	C US	10:00	Q4 2013 Earnings Call - Fixed Income	C4 2013
Jabil Circuit Inc	JBL US	10:00	Annual General Meeting	Y 2014
Crown Castle International Corp	CCI US	10:30	Q4 2013 Earnings Call	Q4 2013
DR Horton Inc	DHI US		Annual General Meeting

Thursday, January 23, 2014

Minco Gold Corp - Barchart's Chart of the Day

Minco Gold Corp (MGH) is the Barchart Chart of the Day. This is a Canadian miner who is developing gold properties in China. Although the stock presently has a Trend Spotter buy, in the last year the stock lost 36.90% but in the last month gained 70.59%.

The Chart of the Day is Minco Gold Corp (MGH). This is a small cap stock that should only be considered by aggressive investors who have many other investments and can take a small position in a highly speculative stock. This is to show you the power of the Barchart screeners to find unknown possibilities.

I found the stock while doing my standard sort. Use Barchart to sort today's New High List for the stocks with the most advances in the last month, eliminate the stocks that do not have positive results in the last week and month, then use the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/6 the stock has gained 31.82%.

From a press release - MINCO GOLD CORPORATION is a pioneer among western mining companies in China. The Company has engaged a dynamic, proven management team in China and Canada to evaluate over 400 projects in China, leverage its strong relationships with key Chinese mining organizations and acquire one of the leading asset portfolio of any western mining company in China.

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 70.59% in the last month
Relative Strength Index 77.59%
Barchart computes a technical support level at .24
Recently traded at .29 with a 50 day moving average of .19

Fundamental factors:

Market Cap only $14.61 million
There are no analysts following this stock so there are no revenue or earnings estimates
This is not a US company
This is a true penny stock
This is a Canadian company developing Chinese gold properties in China

I hope I have given you enough red flags to realize this is not an "investment"; this is a highly speculative situation only for well heeled investors that need a little excitement in their life.. The only information you have is the price. It is a technical penny stock and should be played as such. Watch this on a daily basis and be prepared to bail on weakness.

I am not investing in this stock.

Today's Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the best technical indicators and charts. I first sort for frequency of new highs in the last month, eliminate the stock that did't have positive results for the last week and month and used the Flipchart feature to leave out the stocks with charts I didn't like.

After the sort my list includes Digital Generation (DGIT), Matrix Service Co (MTRX), Stillwater Mining (SWC), Papa John's International (PZZA), and Emcor Group (EME):

Digital Generation (DGIT)

Barchart technical indicators:

64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 10.76% in the last month
Relative Strength Index 69.63%
Barchart computes a technical support level at 13.53
Recently traded at 13.90 with a 50 day moving average of 12.40

Matrix Service Co (MTRX)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 15.40% in the last month
Relative Strength Index 83.21%
Barchart computes a technical support level at 26.49
Recently traded at 27.86 with a 50 day moving average of 23.17

Stillwater Mining (SWC)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 17.08% in the last month
Relative Strength Index 76.57%
Barchart computes a technical support level at 13.31
Recently traded at 13.86 with a 50 day moving average of 11.93

Emcor Group (EME)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 7.42% in the last month
Relative Strength Index 79.82%
Barchart computes a technical support level at 43.90
Recently traded at 44.62 with a 50 day moving average of 40.71

Papa John's International (PZZA)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 8.32% in the last month
Relative Strength Index 79.11%
Barchart computes a technical support level at 47.93
Recently traded at 48.49 with a 50 day moving average of 43.94

BARCHART MORNING CALL 1/23

BARCHART MORNING CALL

Thursday, January 23rd, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.33%) this morning are down -0.44% and European stocks are down -0.17% as global stocks retreat after a gauge of manufacturing activity in China unexpectedly contracted last month. Asian stocks closed mostly lower: Japan -0.79%, Hong Kong -1.51%, China -0.53%, Taiwan -0.35%, Australia -1.07%, Singapore -1.07%, South Korea -1.30%, India +0.17%. Losses in European stocks were limited after the Eurozone Jan PMI composite index expanded at the fastest pace in 2-1/2 years. Commodity prices are mixed. Mar crude oil (CLH14 +0.24%) is up +0.07%. Mar gasoline (RBH14 -0.12%) is down -0.25%. Feb gold (GCG14 +0.75%) is up +0.61%. March copper (HGH14 -0.84%) is down -0.73%. Agriculture and livestock prices are mostly higher with Feb cattle up +0.31% at a new record high. The dollar index (DXY00 -0.41%) is down -0.37%. EUR/USD (^EURUSD) is up +0.64% and USD/JPY (^USDJPY) is down -0.37%. March T-note prices (ZNH14 +0.20%) are up +9.5 ticks on increased safe-haven demand with the slide in global stocks.
The China Jan HSBC/Markit flash manufacturing PMI fell -0.9 to 49.6, weaker than expectations of -0.2 to 50.3 and the first time the index has moved below 50.0, or contracted, in 6-months.
German Jan PMI manufacturing rose +2.0 from Dec to 56.3, stronger than expectations of +0.3 to 54.6 and the fastest pace of expansion in 2-1/2 years. German Jan PMI services rose +0.1 to 53.6, slower than expectations of +0.5 to 54.0.
The Eurozone Jan PMI composite index climbed +1.1 from Dec to 53.2, stronger than expectations of +0.4 to 52.5 and the fastest pace of expansion in 2-1/2 years.
UK Jan CBI reported sales slumped -20 to 14, weaker than expectations of -9 to 25.

U.S. STOCK PREVIEW

Today’s weekly initial unemployment claims report is expected to show a small +4,000 increase to 330,000, more than reversing last week’s -2,000 decline to 326,000. Weekly continuing claims are expected to show a decline of -100,000 to 2.930 million, reversing part of last week’s +174,000 surge to 3.030 million. Today’s Dec existing home sales report is expected to show a small increase of +0.6% to 4.93 million, stabilizing after the fairly sharp drop of -4.3% to 4.90 million seen in November. Today’s Nov FHFA house price index is expected to show another solid increase of +0.4% m/m, adding to the +0.5% m/m increase seen in October.
There are 20 of the S&P 500 companies that report earnings today. Notable reports include: Microsoft (consensus $0.69), Starbucks (0.69), McDonalds (1.39), Lockheed Martin (2.11), Baxter (1.25), Johnson Controls (0.70), Discover (1.18). Equity conferences during the remainder of this week include: 13th Annual Pharma Contact Centers Conference on Wed-Thu, World Economic Forum Annual Meeting 2014 on Wed-Thu, and SMi Social Media in the Pharmaceutical Industry on Thu.

OVERNIGHT U.S. STOCK MOVERS

Fifth Third Bancorp (FITB +0.46%) reported Q4 EPS of 41 cents, weaker than consensus of 42 cents.
Precision Castparts (PCP +0.14%) reported Q3 EPS of $2.95, below consensus of $3.03.
Lockheed Martin (LMT +1.65%) reported Q4 EPS of $2.38, well ahead of consensus of $2.11.
IBM (IBM -3.28%) rose +0.4% in pre-market trading after it announced that Lenovo Group Ltd. will buy its server business for $2.3 billion.
Microsoft (MSFT -0.66%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank who also raised their price target on the stock to $40 from $32.
Oracle (ORCL -0.34%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank who also raised their price target on the stock to $45 from $33.
Salesforce.com (CRM +0.31%) and Citrix (CTXS -0.47%) were both downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Raymond James (RJF -0.83%) reported Q1 EPS of 81 cents, well ahead of consensus of 73 cents.
United Rentals (URI +0.10%) reported Q4 adjusted EPS of $1.59, better than consensus of $1.47.
Western Digital (WDC -0.88%) fell 2% in after-hours trading after it reported Q2 EPS of $2.19, stronger than consensus of $2.08, but then lowered guidance on Q3 EPS to $180-$1.90, below consensus of $1.95.
eBay (EBAY +0.48%) gained over 5% in after-hours trading after it reported Q4 adjusted EPS of 81 cents, higher than consensus of 80 cents, although Q4 revenue of $4.53 billion was slightly below consensus of $4.54 billion.
SanDisk (SNDK +0.42%) reported Q4 adjusted EPS of $1.71, well ahead of consensus of $1.58.
Varian Medical (VAR +0.77%) reported Q1 EPS of 91 cents, stronger than consensus of 90 cents.
Stryker (SYK -0.01%) reported Q4 adjusted EPS of $1.23, higher than consensus of $1.22.
Netflix (NFLX +1.53%) rallied 17% in after-hours trading after it reported Q4 EPS of 79 cents, much better than consensus of 66 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.33%) this morning are down -8.00 points (-0.44%). The S&P 500 on Wednesday closed little changed on mixed Q4 company earnings results. Stronger-than-expected earnings results from Norfolk Southern were offset by weakness in IBM, which reported a decline in revenue for the seventh consecutive quarter. Stocks failed to garner support from a rally in China’s Shanghai Stock Index to a 1-1/2 week high after China’s money-market rates fell for a second day on the PBOC’s liquidity injections. Closes: S&P 500 +0.06%, Dow Jones -0.25%, Nasdaq 100 +0.28%.
Mar 10-year T-notes (ZNH14 +0.20%) this morning are up +9.5 ticks. Mar 10-year T-note futures prices on Wednesday closed lower on speculation the economy is strong enough to allow the Fed to keep tapering its monthly bond purchases. Closes: TYH4 -13.0, FVH4 -8.00.
The dollar index (DXY00 -0.41%) this morning is down -0.303 (-0.37%). EUR/USD (^EURUSD) is up +0.0087 (+0.64%). USD/JPY (^USDJPY) is down -0.39 (-0.37%). The dollar index on Wednesday settled little changed. A rally in the British pound to a 3-week high against the dollar was a negative factor after the UK Nov ILO unemployment rate fell by a larger-than-expected -0.3 to a 4-3/4 year low of 7.1%. The dollar index continues to see underlying support from expectations that the FOMC at its meeting next week will trim QE3 by another $10 billion. Closes: Dollar index +0.069 (+0.09%), EUR/USD -0.00137 (-0.10%), USD/JPY +0.216 (+0.21%).
Mar WTI crude oil (CLH14 +0.24%) this morning is up +7 cents (+0.07%) and Mar gasoline (RBH14 -0.12%) is down -0.0067 (-0.25%). Mar crude oil and gasoline prices on Wednesday closed sharply higher with Mar crude at a 2-1/2 week high and Mar gasoline at a 1-week high on speculation that the severe cold snap to grip the northern U.S. will further reduce distillate supplies as heating oil demand climbs. Thursday’s weekly EIA data is also expected to show distillate supplies, which include heating oil and diesel, fell -500,000 bbl last week. Closes: CLH4 +1.76 (+1.85%), RBH4 +0.0548 (+2.08%).

GLOBAL EVENT CALENDAR01/23/2014

US	0830 ET	Weekly initial unemployment claims expected +4,000 to 330,000, previous -2,000 to 326,000. Weekly continuing claims expected -100,000 to 2.930 million, previous +174,000 to 3.030 million.
	0830 ET	Dec Chicago Fed national activity index expected +0.30 to 0.90, Nov 0.60.
	0900 ET	Nov FHFA house price index expected +0.4% m/m, Oct +0.5% m/m.
	1000 ET	Dec existing home sales expected +0.6% to 4.93 million, Nov -4.3% to 4.90 million.
	1000 ET	Dec leading indicators expected +0.2%, Nov +0.8%
	1100 ET	EIA Weekly Petroleum Status Report.
	1100 ET	Treasury announces amounts of 2-year T-notes (previous $32 billion) 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jan 28-30.
	1300 ET	Treasury auctions $15 billion 10-year TIPS.
GER	0330 ET	German Jan manufacturing PMI expected +0.3 at 54.6, Dec +1.6 to 54.3. Jan PMI services expected +0.5 to 54.0, Dec -2.2 to 53.5.
EUR	0400 ET	Eurozone Jan PMI composite expected +0.4 to 52.5, Dec +0.4 to 52.1.
	1000 ET	Eurozone Jan consumer confidence expected +0.6 to -13.0, Dec -13.6,
UK	0600 ET	UK Jan CBI reported sales expected -9 to 25, Dec 34.

U.S. STOCK CALENDAR01/23/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Lockheed Martin Corp	LMT US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	2.112
AmerisourceBergen Corp	ABC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.784
Southwest Airlines Co	LUV US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.288
KeyCorp	KEY US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.246
Fifth Third Bancorp	FITB US	6:30	Q4 2013 Earnings Release	Q4 2013	0.42
Baxter International Inc	BAX US	7:00	Q4 2013 Earnings Release	Q4 2013	1.252
Johnson Controls Inc	JCI US	7:00	Q1 2014 Earnings Release	Q1 2014	0.695
McDonald's Corp	MCD US	7:58	Q4 2013 Earnings Release	Q4 2013	1.393
Precision Castparts Corp	PCP US	8:00	Q3 2014 Earnings Release	Q3 2014	3.034
Union Pacific Corp	UNP US	8:00	Q4 2013 Earnings Release	Q4 2013	2.486
Baxter International Inc	BAX US	8:30	Q4 2013 Earnings Call	Q4 2013
Union Pacific Corp	UNP US	8:45	Q4 2013 Earnings Call	Q4 2013
Noble Corp plc	NE US	9:00	Q4 2013 Earnings Call	Q4 2013
KeyCorp	KEY US	9:00	Q4 2013 Earnings Call	Q4 2013
Fifth Third Bancorp	FITB US	9:00	Q4 2013 Earnings Call	Q4 2013
Precision Castparts Corp	PCP US	10:00	Q3 2014 Earnings Call	Q3 2014
Citigroup Inc	C US	10:00	Q4 2013 Earnings Call - Fixed Income	C4 2013
Jabil Circuit Inc	JBL US	10:00	Annual General Meeting	Y 2014
Crown Castle International Corp	CCI US	10:30	Q4 2013 Earnings Call	Q4 2013
Micron Technology Inc	MU US	11:00	Annual General Meeting	Y 2014
Intuit Inc	INTU US	11:00	Annual General Meeting
AmerisourceBergen Corp	ABC US	11:00	Q1 2014 Earnings Call	Q1 2014
Jacobs Engineering Group Inc	JEC US	11:00	Q1 2014 Earnings Call	Q1 2014
Johnson Controls Inc	JCI US	11:00	Q1 2014 Earnings Call	Q1 2014
McDonald's Corp	MCD US	11:00	Q4 2013 Earnings Call	Q4 2013
Southwest Airlines Co	LUV US	11:30	Q4 2013 Earnings Call	Q4 2013
Lockheed Martin Corp	LMT US	15:00	Q4 2013 Earnings Call	Q4 2013
Jacobs Engineering Group Inc	JEC US	15:00	Annual General Meeting	Y 2014
E*TRADE Financial Corp	ETFC US	16:05	Q4 2013 Earnings Release	Q4 2013	0.191
Altera Corp	ALTR US	16:15	Q4 2013 Earnings Release	Q4 2013	0.307
KLA-Tencor Corp	KLAC US	16:15	Q2 2014 Earnings Release	Q2 2014	0.798
Intuitive Surgical Inc	ISRG US	16:30	Q4 2013 Earnings Call	Q4 2013
Altera Corp	ALTR US	16:45	Q4 2013 Earnings Call	Q4 2013
Starbucks Corp	SBUX US	17:00	Q1 2014 Earnings Call	Q1 2014
E*TRADE Financial Corp	ETFC US	17:00	Q4 2013 Earnings Call	Q4 2013
Juniper Networks Inc	JNPR US	17:00	Q4 2013 Earnings Call	Q4 2013
KLA-Tencor Corp	KLAC US	17:00	Q2 2014 Earnings Call	Q2 2014
International Game Technology	IGT US	17:00	Q1 2014 Earnings Call	Q1 2014
Discover Financial Services	DFS US	17:00	Q4 2013 Earnings Call	Q4 2013
Microsoft Corp	MSFT US	17:30	Q2 2014 Earnings Call	Q2 2014
Starbucks Corp	SBUX US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.691
Intuitive Surgical Inc	ISRG US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	4.017
Juniper Networks Inc	JNPR US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.364
Microsoft Corp	MSFT US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	0.685
International Game Technology	IGT US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.305
Discover Financial Services	DFS US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	1.183
Leggett & Platt Inc	LEG US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.332
Air Products & Chemicals Inc	APD US		Annual General Meeting	Y 2014
DR Horton Inc	DHI US		Annual General Meeting

Wednesday, January 22, 2014

Uranerz Energy - Barchart Chart of the Day

Uranerz Energy (URZ) is the Barchart Chart of the Day. The uranium production stock has a Trend Spotter buy signal, a Weighted Alpha of 11.80+ but gained 74.44% in the last 6 months.

The Chart of the Day is Uranerz Energy (URZ). I found the stock by sorting today's New High List for frequency in the last month and eliminated the stocks that didn't have positive gains for the last week and month. I always use the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 11/22 the stock gained 49.52%.

The Company is engaged in the acquisition, exploration and development of properties in the uranium sector. The Company's goal is to become a producer of uranium which will be utilized as fuel in the world's nuclear electrical generating facilities. Uranerz Energy Corporation has an experienced team of mining personnel, many of whom are former officers, senior management and employees of the original Uranerz Exploration and Mining Limited and related companies. The Company also has an advisory board that consists entirely of ex- Uranerz Group professionals. Uranerz Energy Corporation has expertise in the in-situ recovery mining method.

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 38.94% in the last month
Relative Strength Index 85.17%
Barchart computes a technical support level at 1.40
Recently traded at 1.57 with a 50 day moving average of 1.16

Fundamental factors:

Market Cap $134.74 million
Analysts have not made revenue projections
Earnings are estimated to be down 31.60% this year but increase 92.00% next year
Wall Street brokerage firms issued 2 strong buy and 4 buy recommendations
Financial Strength is C++

The stock has been volatile so I'd use the 50 day moving average to gauge weakness,

Today's 5 best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the most frequent advances in the last month. I then skipped any that did not have positive gains for the last week and month and used the Flipchart feature to review the charts.

The list today includes Vishay Intertechnology (VSH), Ingram Micro (IM), IDEXX Laboratories (IDXX), Martin Marietta Materials (MLM) and Mednax (MD):

Vishay Intertechnology (VSH)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 12.05% in the last month
Relative Strength Index 70.74%
Barchart computes a technical support level at 14.24
Recently traded at 14.51 with a 50 day moving average of 12.94

Ingram Micro (IM)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 12.67% in the last month
Relative Strength Index 79.20%
Barchart computes a technical support level at 25.40
Recently traded at 26.03 with a 50 day moving average of 23.78

IDEXX Laboratories (IDXX)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 8.92% in the last month
Relative Strength Index 77.72%
Barchart computes a technical support level at 112.53
Recently traded at 114.59 with a 50 day moving average of 106.52

Martin Marietta Material (MLM)

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 13.57% in the last month
Relative Strength Index 75.76%
Barchart computes a technical support leve at 107.71
Recently traded at 108.98 with a 50 day moving average of 100.15

Mednax (MD)

Barchart technical indicators:

72% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 5.11% in the last month
Relative Strength Index 64.98%
Barchart computes a technical support level at 54.46
Recently traded at 55.52 with a 50 day moving average of 54.37

BARCHART MORNING CALL 1/22

BARCHART MORNING CALL

Wednesday, January 22nd, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 -0.04%) this morning are down -0.10% and European stocks are down -0.19% as IBM and Texas Instruments slid in pre-market trading. Asian stocks closed mostly higher on a fall in Chinese money-market rates: Japan +0.16%, Hong Kong +0.21%, China +2.58%, Taiwan +0.30%, Australia -0.22%, Singapore -0.02%, South Korea +0.29%, India +0.41%. China's Shanghai Stock Index climbed to a 1-1/2 week high after China's benchmark money-market rates fell for a second day as the PBOC made more funding available for smaller lenders. Commodity prices are mixed. Mar crude oil (CLH14 +0.42%) is up +0.52% at a 2-week high on positive carry-over from the IEA's action Tuesday to hike its 2014 global crude oil consumption forecast. Mar gasoline (RBH14 +0.32%) is up +0.68%. Feb gold (GCG14 -0.07%) is down -0.06%. March copper (HGH14 -0.79%) is down -0.58%. Agriculture and livestock prices are mixed. The dollar index (DXY00 unch) is down -0.02%. EUR/USD (^EURUSD) is down -0.04% and USD/JPY (^USDJPY) is up +0.04%. The British pound rose to a 2-week high against the dollar after the UK Nov unemployment rate fell more than expected to a 4-3/4 year low. March T-note prices (ZNH14 -0.25%) are down -8 ticks.
The minutes of the Jan-9 BOE policy meeting stated that the MPC "saw no immediate need to raise the bank rate even if the 7.0% unemployment threshold were to be reached in the near future" as cost pressures were "subdued" and headwinds to growth "would persist for some time."
UK Dec jobless claims change fell -24,000, less than expectations of -32,000. The Dec claimant count rate was 3.7%, right on expectations and the lowest in 5-years.
The UK Nov ILO unemployment rate fell -0.3 to 7.1% in the 3-months through Nov, better than expectations of -0.1 to 7.3% and the lowest in 4-3/4 years.
UK Nov avg weekly earnings rose +0.9% 3-mo avg y/y, less than expectations of +1.0% 3-mo avg y/y. Nov weekly earnings ex-bonus also rose +0.9% 3-mo avg y/y, less than expectations of +1.0% y/y.
UK Dec public sector net borrowing climbed +10.4 billion pounds, less than expectations of +12.0 billion pounds.
The Japan Nov leading index CI was revised upward to a 6-1/2 year high of 111.1 from the originally reported 110.8. The Nov coincident index was revised upward to a 5-1/3 year high of 110.7 from the originally reported 110.5.
The Japan Nov all-industry activity index rose +0.3% m/m, right on expectations, although Oct was revised down to -0.4% m/m from the originally reported -0.2% m/m.

U.S. STOCK PREVIEW

There are no major U.S. economic reports today. There are 25 of the S&P 500 companies that report earnings today. Notable reports include: eBay (consensus $0.80), Northern Trust (0.75), US Bancorp (0.75), United Technologies (1.53), Textron (0.59), Abbott Labs (0.58), Coach (1.11), St. Jude Medical (0.99), Noble (0.81), and Progressive (0.42).
There are 13 of the S&P 500 companies that report earnings today with notable reports including IBM (consensus $6.00), Texas Instruments (0.46), Halliburton (0.89), Baker Hughes (0.61), Johnson & Johnson (1.20), Verizon (0.65), Rockwell Collins (0.94), Travelers (2.15).
Equity conferences during the remainder of this week include: World Future Energy Summit on Tue-Wed, 13th Annual Pharma Contact Centers Conference on Wed-Thu, World Economic Forum Annual Meeting 2014 on Wed-Thu, and SMi Social Media in the Pharmaceutical Industry on Thu.

OVERNIGHT U.S. STOCK MOVERS

Mosaic (MOS -0.45%) was downgraded to 'Sell' from 'Neutral' at Goldman.
Motorola Solutions (MSI +1.53%) reported Q4 EPS of $1.67, stronger than consensus of $1.62.
United Technologies (UTX +0.68%) reported Q4 EPS of $1.58, higher than consensus of $1.53.
Textron (TXT unch) reported Q4 EPS of 60 cents, better than consensus of 59 cents.
Coach (COH -0.02%) reported Q2 EPS of $1.06, below consensus of $1.11.
Allegheny Technologies (ATI -5.84%) reported a Q4 EPS loss of -8 cents, better than expectations of a -21 cent loss.
Texas Instruments (TXN +0.92%) fell over 1% in pre-market trading after it reported Q4 EPS of 46 cents with items, right on consensus, but then said it sees Q1 EPS of 36 cents-44 cents, below consensus of 44 cents.
Xilinx (XLNX +0.68%) reported Q3 EPS of 61 cents, stronger than consensus of 54 cents.
Nuance (NUAN -0.87%) rose 9% in after-hours trading after it raised its Q1 adjusted EPS view to 23 cents-24 cents from 18 cents-21 cents, better than consensus of 20 cents.
Cree (CREE +0.53%) climbed over 4% in after-hours trading after it reported adjusted Q2 EPS of 46 cents, better than consensus of 39 cents.
IBM (IBM -0.87%) slid nealy 4% in pre-market trading after it reported Q4 EPS of $6.13, higher than consensus $5.99, and said it sees 2014 EPS at least $18.00, better than consensus of $17.97. However, IBM said revenue declined to $27.7 billion in the 3-months throgh Dec amid plunging demand for servers, the seventh consecutive quarter revenue has declined.
Bob Evans (BOBE +0.04%) fell over 4% in after-hours trading after it cut its fiscal 2014 EPS outlook to $2.20-$2.30, well below consensus of $2.57.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 -0.04%) this morning are down -1.75 points (-0.10%). The S&P 500 on Tuesday closed higher after the IMF raised its 2014 global GDP forecast to 3.7% from an Oct estimate of 3.6% along with carry-over support from a rally in Chinese stocks after the PBOC added funds to the financial system in an attempt to lower China's money-market rates. Stocks fell back from their best levels on weak Q4 earnings results from Johnson & Johnson and Verizon. Closes: S&P 500 +0.28%, Dow Jones -0.27%, Nasdaq 100 +0.74%.
Mar 10-year T-notes (ZNH14 -0.25%) this morning aredown -8 ticks. Mar 10-year T-note futures prices on Tuesday moved lower on reduced safe-haven demand after the IMF raised their 2014 global GDP forecast, but a slide in stocks from their best levels pulled T-notes off of their lows and they finished just slightly lower. Closes: TYH4 -1.5, FVH4 -1.75.
The dollar index (DXY00 unch) this morning is down -0.019 (-0.02%). EUR/USD (^EURUSD) is down -0.0006 (-0.04%). USD/JPY (^USDJPY) is up +0.04 (+0.04%). The dollar index on Tuesday posted a 2-1/4 month high on speculation the Fed will continue to taper QE3 after the IMF raised their 2014 global GDP forecast. The dollar fell back, however, and closed lower after EUR/USD recovered early losses and moved higher when ECB Governing Council member Nowotny said his "personal view" is that the ECB could raise its Eurozone growth forecasts higher in March. Closes: Dollar index -0.127 (-0.16%), EUR/USD +0.0022 (+0.16%), USD/JPY +0.057 (+0.05%).
Mar WTI crude oil (CLH14 +0.42%) this morning is up +49 cents (+0.52%) at a 2-week high and Mar gasoline (RBH14 +0.32%) is up +0.0179 (+0.68%). Mar crude oil and gasoline prices on Tuesday closed higher with Mar crude at a 2-week high and Mar gasoline at a 1-week high after the IEA raised its 2014 global oil demand forecast by +90,000 bpd from last month to a record 92.5 million bpd and after the IMF raised its 2014 global GDP forecast to 3.7% from an Oct estimate of 3.6%. Closes: CLH4 +0.38 (+0.40%), RBH4 +0.0025 (+0.10%).

GLOBAL EVENT CALENDAR01/22/2014

US	0700 ET	Weekly MBA mortgage applications, previous +11.9% with purchase sub-index +11.5% and the refi sub-index +11.2%.
	1500 ET	Dec USDA Cold Storage.
JPN	0000 ET	Revised Japan Nov leading index CI, previous 110.8. Revised Nov coincident index, previous 110.5.
	n/a	BOJ announces interest rate decision.
UK	0430 ET	UK Dec jobless claims change expected -32,000, Nov -36,700. Dec claimant count rate expected 3.7%, Nov 3.8%.
	0430 ET	UK Nov avg weekly earnings expected +1.0% 3-mo avg y/y, Oct +0.9% 3-mo avg y/y. Nov weekly earnings ex-bonus expected +1.0% 3-mo avg y/y, Oct +0.8% 3-mo avg y/y.
	0430 ET	UK Nov ILO unemployment rate expected -0.1 to 7.3% 3-months, Oct 7.4% 3-months.
	0430 ET	UK Dec public sector net borrowing expected +12.0 billion pounds, Nov +14.8 billion pounds.
	0430 ET	Minutes of the Jan 8-9 BOE policy meeting.
CHI	2045 ET	China Jan HSBC/market flash manufacturing PMI expected -0.2 to 50.3, Dec -0.3 to 50.5.

U.S. STOCK CALENDAR01/22/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Abbott Laboratories	ABT US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.582
Parker Hannifin Corp	PH US	Bef-mkt	Q2 2014 Earnings Release	Q2 2014	1.245
Allegheny Technologies Inc	ATI US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	-0.211
Textron Inc	TXT US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.592
United Technologies Corp	UTX US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.53
General Dynamics Corp	GD US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.754
Northern Trust Corp	NTRS US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.746
US Bancorp/MN	USB US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.748
TE Connectivity Ltd	TEL US	6:00	Q1 2014 Earnings Release	Q1 2014	0.769
Motorola Solutions Inc	MSI US	7:00	Q4 2013 Earnings Release	Q4 2013	1.619
Coach Inc	COH US	7:00	Q2 2014 Earnings Release	Q2 2014	1.109
St Jude Medical Inc	STJ US	7:30	Q4 2013 Earnings Release	Q4 2013	0.988
Motorola Solutions Inc	MSI US	8:00	Q4 2013 Earnings Call	Q4 2013
Norfolk Southern Corp	NSC US	8:00	Q4 2013 Earnings Release	Q4 2013	1.506
Textron Inc	TXT US	8:00	Q4 2013 Earnings Call	Q4 2013
Freeport-McMoRan Copper & Gold Inc	FCX US	8:00	Q4 2013 Earnings Release	Q4 2013	0.798
St Jude Medical Inc	STJ US	8:00	Q4 2013 Earnings Call	Q4 2013
Amphenol Corp	APH US	8:00	Q4 2013 Earnings Release	Q4 2013	0.984
Allegheny Technologies Inc	ATI US	8:30	Q4 2013 Earnings Call	Q4 2013
Coach Inc	COH US	8:30	Q2 2014 Earnings Call	Q2 2014
TE Connectivity Ltd	TEL US	8:30	Q1 2014 Earnings Call	Q1 2014
FirstEnergy Corp	FE US	8:30	FY 2014 Guidance Call	Y 2014
Norfolk Southern Corp	NSC US	8:45	Q4 2013 Earnings Call	Q4 2013
Abbott Laboratories	ABT US	9:00	Q4 2013 Earnings Call	Q4 2013
United Technologies Corp	UTX US	9:00	Q4 2013 Earnings Call	Q4 2013
US Bancorp/MN	USB US	9:00	Q4 2013 Earnings Call	Q4 2013
Freeport-McMoRan Copper & Gold Inc	FCX US	10:00	Q4 2013 Earnings Call	Q4 2013
Parker Hannifin Corp	PH US	11:00	Q2 2014 Earnings Call	Q2 2014
General Dynamics Corp	GD US	11:30	Q4 2013 Earnings Call	Q4 2013
Northern Trust Corp	NTRS US	12:00	Q4 2013 Earnings Call	Q4 2013
Amphenol Corp	APH US	13:00	Q4 2013 Earnings Call	Q4 2013
Stryker Corp	SYK US	16:00	Q4 2013 Earnings Release	Q4 2013	1.224
Netflix Inc	NFLX US	16:05	Q4 2013 Earnings Release	Q4 2013	0.657
F5 Networks Inc	FFIV US	16:30	Q1 2014 Earnings Call	Q1 2014
Stryker Corp	SYK US	16:30	Q4 2013 Earnings Call	Q4 2013
eBay Inc	EBAY US	17:00	Q4 2013 Earnings Call	Q4 2013
Netflix Inc	NFLX US	17:00	Q4 2013 Earnings Call	Q4 2013
Varian Medical Systems Inc	VAR US	17:00	Q1 2014 Earnings Call	Q1 2014
Western Digital Corp	WDC US	17:00	Q2 2014 Earnings Call	Q2 2014
SanDisk Corp	SNDK US	17:00	Q4 2013 Earnings Call	Q4 2013
eBay Inc	EBAY US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.804
Crown Castle International Corp	CCI US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.936
Noble Corp plc	NE US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.811
Varian Medical Systems Inc	VAR US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.905
Western Digital Corp	WDC US	Aft-mkt	Q2 2014 Earnings Release	Q2 2014	2.084
Jacobs Engineering Group Inc	JEC US	Aft-mkt	Q1 2014 Earnings Release	Q1 2014	0.741
SanDisk Corp	SNDK US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	1.568
Progressive Corp/The	PGR US		Q4 2013 Earnings Release	Q4 2013	0.422
Progressive Corp/The	PGR US		Q4 2013 Earnings Release - December Sales	Q4 2013	0.422