Symetra Financial - Barchart's Chart of the Day

Symetra Financial (SYA) is the Barchart Chart of the Day.  The life insurance company has a Trend spotter buy signal. a Weighted Alpha of 45.93+ and gained 49.71% in the last year.

The Chart of the Day belongs to Symetra Financial (SYA).  I found the stock by sorting the New High list for frequency in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 5/27 the stock is up 11.00%.

SYA is a diversified financial services company based in Bellevue, Wash. The Company offers an array of employee benefits, annuities and life insurance products through four operating segments: Group, Retirement Services, Income Annuities and Individual. Group includes medical stop-loss insurance, limited medical benefit plans, and group life, accidental death and dismemberment insurance and disability income insurance to employer groups. Retirement Services include fixed and variable deferred annuities, including tax-sheltered annuities, individual retirement accounts and group annuities to qualified 401(k), 403(b) and 457 retirement plans. Income Annuities include single-premium immediate annuities, single-premium deferred-payout annuities, and structured settlement annuities to fund third-party personal injury settlements. Individual includes term, universal and variable life insurance, as well as bank-owned life insurance.

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.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 14.70% in the last month
• Relative Strength Index 79.00%
• Barchart computes a technical support level at 22.65
• Recently traded at 23.10 with a 50 day moving average of 20.92

Fundamental factors:

• Market Cap $ 2.72 billion
• P/E 12.50
• Dividend yield 1.79%
• Revenue projected to grow 1.30% this year and another 4.70% next year
• Earnings estimated to increase 18.90% this year and continue to increase at an annual rate of 9.40% for the next 5 years
• Wall Street analysts issued 6 hold and 3 under perform recommendations on the stock

Watch the moving averages on this one very closely for signs of weakness.

Dynegy - Barchart's Chart of the Day

Dynegy (DYN) is the Barchart Chart of the Day.  The electric services stock has a Trend Spotter signal, a Weighted Alpha of 86.90+ and gained 59.48% in the last year.

The Chart of the Day belongs to Dynegy (DYN).  I found the stock by sorting the New High list for new high frequency in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/17 the stock gained 39.74%.

DYN provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in six states in U.S. regions of the Midwest, the Northeast and the West Coast. It operates in three segments: the Coal segment, the Gas Segment and the Dynegy Northeast Segment.

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.

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 13.68% in the last month
• Relative Strength Index 79.44%
• Barchart computes a technical buy signal at 35.44
• Recently traded at 35.90 with a 50 day moving average of 31.06

Fundamental factors:

• Market Cap $3.60 billion
• Revenue predicted to grow 78.00% this year and another .40% next year
• Earnings estimated to increase 103.90% this year and an additional 164.30% next year
• Wall Street analysts issued 1 strong buy, 2 buy and 4 hold recommendations on the stock

Long steady price growth.  use the 100 day moving average as an exit point.

Tandy Leather Factory - sell signals

Today I deleted Tandy Leather Factory (TLF) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

• 80% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 7.80% off its recent high
• Relative Strength Index 40.47%

NRG Energy - Barchart's Chart of the Day

NRG Energy (NRG) is the Barchart hart of the Day.  The electric utility has a Trend Spotter buy signal, a Weighted Alpha of 54.50+ and gained 40.01% in the last year while paying a 1.52% dividend.

The Chart of the Day belongs to NRG Energy (NRG).  I found the stock by sorting today's New High
list for new high frequency in the last month then I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 5/27 the stock gained 6.29%.

NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities, thermal energy production and energy resource recovery facilities. 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. Barchart technical indicators: 96% Barchart technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 17 new highs and up 11.04% in the last month Relative Strength Index 72.59% Barchart computes a technical support level at 36.28 Recently traded at 37.53 with a 50 day moving average of 34.23 Fundamental factors: Market Cap $12.21 billion P/E 32.14 Dividend yield 1.52% Revenue predicted to grow 26.00% this year but decrease 8.00% next year Earnings are estimated to increase 262.80% this year, an additional 1.50% next year and continue to compound by an annual rate of 6.40% for the next 5 years Wall Street analysts issued 4 strong buy and 7 buy recommendations on the stock The stock has a P/E of 32.14 which is pricey for a utility.  If you've got it hold it but you might not want to add new money.

How to Beat the Market

I'm often asked how I personally invest.  My method isn't for everyone but it works for me. All I really want is a portfolio of about 10 stocks that are all trading above their 20, 50 and 100 day moving averages.  Sounds simple but it takes a good screener, daily tracking and lots of discipline.

I've got a couple of other rules to help prevent me from losing money.  I only want to invest when both the economy and the stock market are expanding - I'm on the side line is either is contracting.  I use the Conference Board  to show me the leading and lagging economic indicators to gauge whether the economy is expanding or contracting and Barchart's Market Momentum page to see if the stock market is expanding or contracting.  The percentage of stocks trading above their 20, 50 and 100 day moving is my guide with 50% above being my benchmark.

A rising tide floats all boats and an ebbing tide lowers all boats.  Now you know why my first bog was titled Financial Tides.  I try to stay on the right side of the market.

Next I don't want to follow or even compete with the herd.  Most mutual funds, managed money and financial institutions have portfolios greater that $10 million dollars.  Because of their size they are almost exclusively invested in the S&P 500 Large Cap, S&P 400 Mid Cap , S&P 600 Small Cap and NASDAQ 100 stocks.  These 1600 stocks comprise well over 95% of the total capitalization of the US stock market.  I want to be in that other 5% where all the big boys with their full time MBAs, CFAs and ungodly computer power really can't operate.

Over time I have found that the  5% I look for usually has the same attributes - Market Cap under $2 billion and currently trading below $10.  I set my screener for those stocks then sort for new high frequency in the last month and use the Flipchart feature to review the charts.

I'm fully invested now and so I have no ability to buy the stocks in today's screen but this is how I found the stocks I presently own in my own portfolio.

The list today includes Energy Recovery (ERII), Kofax (KFX), Enzo Biochhem (ENZ), Obscene Jeans (OBJE) and Newcastle Investments (NCT):

Energy Recovery (ERII)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 36.26% in the last month
• Relative Strength Index 64.64%
• Barchart computes a technical support level at 5.64
• Recently traded at 5.87 with a 50 day moving average of 5.11

Kofax (KFX)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 30.71% in the last month
• Relative Strength Index 70.71%
• Barchart computes a technical support level at 8.86
• Recently traded at 9.16 with a 50 day moving average of 7.87

Enzo Biochem (ENZ)

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 45.55% in the last month
• Relative Strength Index 81.05%
• Barchart computes a technical support level at 5.10
• Recently traded at 5.37 with a 50 day moving average of 4.19

Obscene Jeans (OBJE)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 190.39% in the last month
• Relative Strength Index 71.25%
• Barchart computes a technical support level at .1368
• Recently traded at .1420 with a 50 day moving average of .0808

Newcastle Investments (NCT)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 7.51% in the last month
• Relative Strength Index 63.80%
• Barchart computes a technical support level at 4.98
• Recently traded at 5.02 with a 50 day moving average of 4.68

BARCHART MORNING CALL 6/18

BARCHART MORNING CALL

Wednesday, June 18th, 2014View Older Reports

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

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.04%) this morning are up +0.01% and European stocks are up +0.22% as the markets await the latest monetary policy decision from the FOMC. The Fed will also release a new set of quarterly predictions for unemployment, inflation, economic growth and the Fed funds rate today. The Russian ruble strengthened for the first time in six days against the dollar when Ukraine said it will call for a unilateral cease fire this week. After talks between German President Merkel and Russian President Putin, Ukraine President Poroshenko said that government forces will unilaterally cease fire to allow pro-Russian separatists in the east of the country a chance to lay down weapons or leave the country. Asian stocks closed mixed: Japan +0.93%, Hong Kong -0.09%, China -0.43%, Taiwan +0.43%, Australia -0.33%, Singapore +0.07%, South Korea -0.66%, India -1.08%. Japanese stocks closed higher after the yen weakened, which boosts the earnings prospects of exporters. The yen retreated after trade data showed Japan May exports fell by the most in 15 months. Chinese stocks closed lower for a second day after data showed that China May new-home prices fell in half the cities tracked by the government for the first time in 2 years, which fuels concern a property slowdown will hurt economic growth. Commodity prices are mixed. July crude oil (CLN14 +0.29%) is up +0.31%. July gasoline (RBN14 +0.14%) is up +0.06%. Aug gold (GCQ14 -0.07%) is down -0.03%. July copper (HGN14 +0.18%) is unch. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.10%) is down -0.10%. EUR/USD (^EURUSD) is up +0.14%. USD/JPY (^USDJPY) is up +0.03%. Sep T-note prices (ZNU14 +0.14%) are up +5.5 ticks.
Data from China's National Bureau of Statistics showed that China May new-home prices fell in 35 of the 70 Chinese cities tracked by the data, the most in 2 years.
In the minutes of its Jun 4-5 meeting, the BOE said a rate increase this year may be more likely than investors anticipate. The BOE stated that the economy could maintain its pace of growth, and slack "would be absorbed more quickly than had previously been expected. In that context, the relatively low probability attached to a bank rate increase this year implied by some financial market prices was somewhat surprising."
The Japan May trade balance widened to a -909 billion yen deficit, less than expectations of a -1.189 trillion yen deficit. May exports fell -2.7% y/y, a larger decline than expectations of -1.3% y/y and the most in 15 months. May imports unexpectedly fell -3.6% y/y, weaker than expectations of +1.8% y/y and the biggest fall in 1-3/4 years.
Eurozone Apr construction output rose +0.8% m/m and +8.0% y/y. The +8.0% y/y increase was the biggest annual gain in 7 years.

U.S. STOCK PREVIEW

The FOMC at its 2-day meeting that concludes today is unanimously expected to taper QE3 by another $10 billion to $35 billion. The market is expecting today’s Q1 current account deficit to widen to -$97.0 billion from -$81.1 billion in Q4. There are three of the Russell 1000 companies that report earnings today: FedEx (consensus $2.36), Jabil Circuit (-0.10), Red Hat (0.33).
Equity conferences this week include: Canadian Telecom Summit 2014 on Mon-Wed, Deutsche Bank Global Consumer Conference on Tue-Wed, Wells Fargo Securities Healthcare Conference on Tue-Wed, Predictive Analytics World Conference on Tue-Thu, Jefferies Global Consumer Conference on Wed-Thu, Nomura Corporate Day on Wed, Citi CorpGlobal Water Conference on Thu, Goldman Sachs European Chemicals Vision Conference on Thu, J.P. Morgan Oil & Gas Corporate Access Day on Thu, Morgan Stanley China Industrials Summit on Thu, and Noia Conference 2014 on Thu.

OVERNIGHT U.S. STOCK MOVERS

FedEx (FDX +0.62%) reported Q4 EPS of $2.46, better than consensus of $2.36.
Cracker Barrel (CBRL +0.36%) was downgraded to 'Hold' from 'Buy' at Argus.
Tyson Foods (TSN +0.91%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
SunPower (SPWR +4.30%) and GNC Holdings (GNC +2.60%) were both downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Alumina (AWC -1.75%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill Lynch.
Gap (GPS +0.54%) was upgraded to 'Buy' from 'Speculative Buy' at Canaccord.
Cisco (CSCO -0.12%) was initiated with an 'Overweight' at Morgan Stanley witha price target of $30.
Diamond Foods (DMND +5.67%) was upgraded to 'Buy' from 'Hold' at KeyBanc.
C.R. Bard (BCR -0.08%) was downgraded to 'Equal Weight' from 'Overweight' at Barclays.
Walgreens (WAG -0.26%) was upgraded to 'Overweight' from 'Equal Weight' at Barclays.
Raymond Stachowiak reported a 9.39% stake in American Shared Hospital (AMS +5.91%) .
Adobe (ADBE -0.12%) gained 7% in after-hours trading after it reported Q2 EPS of 37 cents, well above consensus of 30 cents and said it sees a 'strong second half of the year.'
La-Z-Boy (LZB +5.12%) slumped 12% in after-hours trading after it reported Q4 adjusted EPS of 33 cents, higher than consensus of 32 cents, but reported Q4 revenue of $353.02 million, below consensus of $368.12 million.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.04%) this morning are little changed, up +0.25 of a point (+0.01%). The S&P 500 index on Tuesday closed higher on increased M&A activity after Oracle was said to be near a deal to buy Micros Systems for more than $5 billion. Gains in stocks were muted after (1) May CPI rose +0.4% m/m and +2.1% y/y, higher than expectations of +0.2% m/m and +2.0% y/y with the +2.1% y/y gain the largest annual increase in 1-1/2 years, (2) May housing starts fell -6.5% to 1.001 million, a bigger decline than expectations of -3.9% to 1.030 million, and (3) the -6.4% slide in May building permits to 991,000, a bigger drop than expectations of -0.9% to 1.050 million. Closes: S&P 500 +0.22%, Dow Jones +0.16%, Nasdaq +0.04%.
Sep 10-year T-notes (ZNU14 +0.14%) this morning are up +5.5 ticks. Sep 10-year T-note futures prices on Tuesday closed lower. Bearish factors included (1) the larger-than-expected increase in May CPI, and (2) speculation that Fed Chair Yellen may be more hawkish in her post-FOMC comments on Wednesday. Losses were contained after May housing starts and building permits fell more than expected. Closes: TYU4 -14.50, FVU4 -8.50.
The dollar index (DXY00 -0.10%) this morning is down -0.084 (-0.10%). EUR/USD (^EURUSD) is up +0.0019 (+0.14%). USD/JPY (^USDJPY) is up +0.03 (+0.03%). The dollar index on Tuesday recovered from a 1-week low and closed higher. Supportive factors included (1) expectations for the Fed to taper QE3 by another $10 billion at the end of Wednesday’s 2-day FOMC meeting, and (2) weakness in EUR/USD after the German Jun ZEW survey of expectations for economic growth unexpectedly fell to a 1-1/2 year low. Closes: Dollar Index +0.158 (+0.20%), EUR/USD -0.00267 (-0.20%), USD/JPY +0.314 (+0.31%).
July WTI crude oil (CLN14 +0.29%) this morning is up +33 cents (+0.31%). July gasoline (RBN14 +0.14%) is up +0.0018 (+0.06%). July crude and gasoline prices on Tuesday settled mixed. Bullish factors included (1) concern that the violence in Iraq may escalate and disrupt the country’s oil production, the second-most in OPEC, and (2) expectations that Wednesday’s weekly EIA inventory data will show that crude supplies fell -575,000 bbl and gasoline stockpiles dropped -400,000 bbl. Crude gave up early gains and closed lower after the dollar index rebounded from a 1-week low and closed higher. Closes: CLN4 -0.54 (-0.51%) RBN4 +0.0153 (+0.50%).

GLOBAL EVENT CALENDAR06/18/2014

US	0700 ET	Weekly MBA mortgage applications, previous +10.3% with purchase sub-index +9.3% and refi sub-index +11.0%.
	0830 ET	Q1 current account balance expected -$97.0 billion, Q4 -$81.1 billion.
	1030 ET	EIA Weekly Petroleum Status Report.
	1345 ET	Former Fed Chairman Ben Bernanke speaks to the Federation of European Securities Exchanges in Zurich.
	1400 ET	FOMC announces interest rate decision and pace of asset purchases, expected no change to the 0.00% to 0.25% Fed funds rate and asset purchases cut by -$10 billion a month to $35 billion a month with $20 billion a month in Treasury purchases and $15 billion of monthly MBS purchases.
	1430 ET	Fed Chair Janet Yellen holds press conference following FOMC meeting.
JPN	0130 ET	Japan May nationwide department store sales, Apr -12.0% y/y.
UK	0430 ET	Minutes of the Jun 4-5 BOE policy meeting.
EUR	0500 ET	Eurozone Apr construction output, May -0.6% m/m and +5.2% y/y.

U.S. STOCK CALENDAR06/18/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
FedEx Corp	FDX US	7:30	Q4 2014 Earnings Release	Q4 2014	2.358
FedEx Corp	FDX US	8:30	Q4 2014 Earnings Call	Q4 2014
Clean Harbors Inc	CLH US	10:00	Annual General Meeting	Y 2014
Fidelity National Financial Inc	FNF US	10:00	Annual General Meeting
Celgene Corp	CELG US	13:00	Annual General Meeting	Y 2013
Ascena Retail Group Inc	ASNA US	13:30	Business Update Call
Jabil Circuit Inc	JBL US	16:30	Q3 2014 Earnings Call	Q3 2014
Red Hat Inc	RHT US	17:00	Q1 2015 Earnings Call	Q1 2015
Jabil Circuit Inc	JBL US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	-0.1
Red Hat Inc	RHT US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.329
IAC/InterActiveCorp	IACI US		Annual General Meeting
PetSmart Inc	PETM US		Annual General Meeting	Y 2014
Deckers Outdoor Corp	DECK US		Annual General Meeting
Amazon.com Inc	AMZN US		Launch Event
DSW Inc	DSW US		Annual General Meeting

Intersil - Barchar's Chart of the Day

Intersil (ISIL) is the Barchart Chart of the Day.  The analog semiconductor stock has a Trend Spotter buy signal, a Weighted Alpha of 99.63 and gained 103.22% in the last year.

The Chart of the Day is Intersil (ISIL).  I found the stock by sorting the New High list for new high frequency in the last month, then used the Flipcahrt feature to review the charts.  Since the Trend Spotter signaled a buy on 5/9 the stock gained 17.55%.

ISIL is a leader in the design and manufacture of high-performance analog semiconductors. The Company's products address some of the industry's fastest growing markets, such as, flat panel displays, cell phones, other handheld systems, and notebooks. ISIL's product families address power management functions and analog signal processing functions. ISIL's products include ICs for battery management, hot-swap and hot-plug controllers, linear regulators, power sequencers, supervisory ICs, bridge drivers, PWM controllers, switching DC/DC regulators and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; video and high-performance operational amplifiers; data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and radiation-hardened applications. 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. 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 17.87% in the last month Relative Strength Index 81.39% Barchart computes a technical support level at 14.93 Recently traded at 15.44 with a 50 day moving average of 13.36 Fundamental factors: Market Cap $1.97 billion P/E 26.37 Dividend yield 3.19% Revenue expected to grow 2.40% this year and another 4.80% next year Earnings estimated to increase 23.70% this year, an additional 8.20% next year and continue to increase at an annual rate of 5.00% for the next 5 years Wall Street analysts issued 2 strong by, 6 buy and 7 hold recommendations on the stock Good solid numbers.  Use the 100 day moving average as an exit point.

Energy Recovery - Buy Signals

Today I added Energy Recovery (ERII) to the Barchart Van Meerten Speculative portfolio for excellent current momentum:

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 39.952% in the last month
• Relative Strength Index 71.41%
• Barchart computes a technical support level at 5.54
• Recently traded at 6.03 with a 50 day moving average of 5.09

Amkor Technologies - Buy Signals

Today I added Amkor Technology (AMKR) to the Barchart Van Meerten New High portfolio for exceptional upward momentum:

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 29.24% in the last month
• Relative Strength Index 88.72%
• Barchart computes a technical support level at 11.54
• Recently traded at 12.11 with a 50 day moving average of 9.03

Disclosure: I own this stock

5 Hot NASDAQ 100 Stocks

For me current momentum is one of the most important attributes of a great stock.  To find them I used Barchart to sort the NASDAQ 100 Index stocks for the stocks hitting the most frequent new highs in the last month.  Next I used the Flipchart feature to review the charts.

Today's list includes KLA-Tencor (KLAC), Intel (INTC), Sandisk (SNDK), Texas Instruments (TXN), Akamai Technologies (AKAM):

KLA-Tencor (KLAC)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 8.99% in the last month
• Relative Strength Index 72.91%
• Barchart computes a technical support level at 29.46
• Recently traded at 68.81 with a 50 day moving average

Intel (INTC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 16.50% in the last month
• Relative Strength Index 81.49%
• Barchart computes a technical support level at 29.46
• Recently traded at 29.99 with a 50 day moving average of 26.95

Sandisk (SNDK)

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 12.67% in the last month
• Relative Strength Index 74.40%
• Barchart computes a technical support level at 96.61

Texas Instruments (TXN)

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 7.02% in the last month
• Relative Strength Index 64.86%
• Barchart computes a technical support level at 47.58
• Recently traded at 48.02 with a 50 day moving averages of 46.41

Akamai Technologies (AKAM)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 14.94% in the last month
• Relative Strength Index 79.63%
• Barchart computes a technical support level at 57.27
• Recently traded at 61.41 with a 50 day moving average of 54.48

BARCHART MORNING CALL 6/17

BARCHART MORNING CALL

Tuesday, June 17th, 2014View Older Reports

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

E-mail:

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

OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.16%) this morning are up +0.03% and European stocks are up +0.04% ahead of the 2-day FOMC meeting that begins today. Stock gains were limited on concern over escalation of violence in Iraq after insurgents attacked the city of Baquba, 34 miles north of Baghdad. The AP reports that the U.S. may send a limited number of special-forces troops into Iraq that would be involved in training rather than direct combat. Another negative for European stocks was an unexpected decline in German investor confidence for a sixth month. Asian stocks closed mixed: Japan +0.29%, Hong Kong -0.42%, China -1.01%, Taiwan +0.41%, Australia -0.22%, Singapore -0.48%, South Korea +0.39%, India +1.31%. Chinese stocks closed lower after foreign direct investment in China unexpectedly fell in May by the most in 16 months. Debt concerns in China have also increased after data from Standard & Poor's showed Chinese borrowers had $14.2 trillion in debt at the end of 2013, the most of any country including the U.S. which had $13.1 trillion in company obligations. Commodity prices are mixed. July crude oil (CLN14 -0.60%) is down -0.63% on speculation that signs of violence in Iraq may not affect its oil supply. July gasoline (RBN14 -0.13%) is down -0.14%. Aug gold (GCQ14 -0.82%) is down -0.79%. July copper (HGN14 +0.18%) is up +0.38%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.03%) is up +0.03%. EUR/USD (^EURUSD) is down -0.06%. USD/JPY (^USDJPY) is up +0.15%. Sep T-note prices (ZNU14 -0.05%) are down -0.5 of a tick.
The German Jun ZEW survey of expectations for economic growth unexpectedly fell for a sixth month as it slipped -3.3 to 29.8, weaker than expectations of +1.9 to 35.0 and the lowest in 1-1/2 years. The Jun ZEW current situation survey unexpectedly rose +5.6 to 67.7, better than expectations of unch at 62.1 and the highest in 2-3/4 years.
Eurozone Q1 labor costs rose +0.9% y/y, the smallest increase since the data series began in 2009.
China May foreign direct investment unexpectedly fell -6.7% y/y, weaker than expectations of +3.2% y/y and the largest decline in 16 months.
UK May CPI unexpectedly fell -0.1% m/m and rose +1.5% y/y, less than expectations of +0.2% m/m and +1.7% y/y with the +1.5% y/y gain the smallest annual increase in 4-1/2 years. The May core CPI rose +1.6% y/y, less than expectations of +1.7% y/y and matched the smallest annual increase in 5 years.

U.S. STOCK PREVIEW

Today’s May CPI report is expected to be unchanged from April on a year-on-year basis at +2.0% y/y. Meanwhile, today’s May core CPI is expected to edge higher to +1.9% y/y from +1.8% in April. Today’s May housing starts report is expected to show a decline of -3.9% to 1.030 million following the +13.2% surge to 1.072 million seen in April. Meanwhile, today’s May building permits report is expected to show a decline of -0.9% to 1.050 million, giving back some ground after the +5.9% rise to 1.059 million seen in April. The FOMC at its 2-day meeting that begins today is unanimously expected to taper QE3 by another $10 billion to $35 billion. There are three of the Russell 1000 companies that report earnings today: John Wiley (consensus $0.68), FactSet (1.25), and Adobe (0.30).
Equity conferences this week include: Wall Street Journal CFO Network Annual Meeting on Mon-Tue, Canadian Telecom Summit 2014 on Mon-Wed, RBC Capital Markets Global Mining & Materials Conference on Tue, Sterne Agee Executive Summit on Tue, Deutsche Bank Global Consumer Conference on Tue-Wed, Wells Fargo Securities Healthcare Conference on Tue-Wed, Predictive Analytics World Conference on Tue-Thu, Jefferies Global Consumer Conference on Wed-Thu, Nomura Corporate Day on Wed, Citi CorpGlobal Water Conference on Thu, Goldman Sachs European Chemicals Vision Conference on Thu, J.P. Morgan Oil & Gas Corporate Access Day on Thu, Morgan Stanley China Industrials Summit on Thu, and Noia Conference 2014 on Thu.

OVERNIGHT U.S. STOCK MOVERS

SanDisk (SNDK +3.58%) was upgraded to 'Outperform' from 'Underperform' at CLSA.
The WSJ reports that AT&T (T -0.14%) will be the exclusive carrier for Amazon's (AMZN +0.41%) new smartphone.
Booz Allen (BAH -0.18%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill.
Southwest (LUV -0.76%) was upgraded to 'Buy' from 'Hold' at Stifel with a price target of $30.
Domino's Pizza (DPZ -0.50%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill.
Bloomberg reported that Apple (AAPL +1.01%) has defeated a patent infringement lawsuit over wireless network technology brought by Golden Bridge Technology.
DSW (DSW +0.22%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
SAB Capital Advisors reported a 6.1% passive stake in RCS Capital (RCAP +0.59%) .
Becker Drapkin reported a 8.7% passive stake in Hudson Technologies (HDSN +9.06%) .
Williams (WMB +18.74%) fell 1% in after-hours trading after it filed to sell $3 billion of common stock.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.16%) this morning are up +0.50 of a point (+0.03%). The S&P 500 index on Monday closed higher. Bullish factors included (1) the unexpected +0.27 point increase in the Jun Empire manufacturing index to 19.28, better than expectations of -4.01 to 15.00 and the fastest pace of expansion in 4 years, and (2) the +0.6% increase in U.S. May industrial production, better than expectations of +0.5%. Bearish factors included (1) concern that escalation of violence in Iraq will force the U.S. to intervene, and (2) the IMF’s cut in its U.S. 2014 GDP forecast to 2.0% from April’s forecast of 2.8%. Closes: S&P 500 +0.08%, Dow Jones +0.03%, Nasdaq +0.12%.
Sep 10-year T-notes (ZNU14 -0.05%) this morning are down -0.5 of a tick. Sep 10-year T-note futures prices on Monday closed little changed. T-notes moved higher early in the session after the IMF lowered its U.S. 2014 growth forecast and said that “policy rates could afford to stay at zero for longer than the mid-2015 date currently foreseen by the markets.” T-notes fell back to near unchanged, though, on the stronger-than-expected Jun Empire manufacturing index and Jun NAHB housing market index. Closes: TYU4 +0.50, FVU4 -1.25.
The dollar index (DXY00 +0.03%) this morning is up +0.023 (+0.03%). EUR/USD (^EURUSD) is down -0.008 (-0.06%). USD/JPY (^USDJPY) is up +0.15 (+0.15%). The dollar index on Monday closed lower as the IMF downgraded its U.S. 2014 GDP forecast. EUR/USD rebounded from early losses and closed higher after Bloomberg reported that two unnamed ECB officials said that the ECB is likely to refrain from any additional stimulus in coming months as it reviews bank balance sheets. Closes: Dollar Index -1.105 (-0.13%), EUR/USD +0.00368 (+0.27%), USD/JPY -0.204 (-0.20%).
July WTI crude oil (CLN14 -0.60%) this morning is down -67 cents (-0.63%). July gasoline (RBN14 -0.13%) is down -0.0043 (-0.14%). July crude and gasoline prices on Monday settled mixed. Bullish factors included (1) a weaker dollar, and (2) the stronger-than-expected Jun Empire manufacturing index and May industrial production. Negative factors included (1) the IMF’s cut in its U.S. 2014 GDP forecast to +2.0% from April’s forecast of +2.8%, and (2) a lack of disruption thus far to oil exports from southern Iraq, where 75% of the country’s oil output comes from. Closes: CLN4 -0.18 (-0.17%) RBN4 +0.0163 (+0.53%).

GLOBAL EVENT CALENDAR06/17/2014

US	0830 ET	May CPI expected +0.2% m/m and +2.0% y/y, Apr +0.3% m/m and +2.0% y/y. May CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Apr +0.2% m/m and +1.8% y/y.
	0830 ET	May housing starts expected -3.9% to 1.030 million, Apr +13.2% to 1.072 million. May building permits expected -0.9% to 1.050 million, Apr +5.9% to 1.059 million.
	1030 ET	FOMC begins 2-day meeting.
JPN	0200 ET	Revised Japan May machine tool orders.
	1950 ET	Japan May trade balance expected -1.189 trillion yen, Apr -811.7 billion yen. May exports expected -1.3% y/y, Apr +5.1% y/y. May imports expected +1.8% y/y, Apr +3.4% y/y.
EUR	0200 ET	Eurozone May new car registrations, Apr +4.6% y/y.
	0500 ET	Eurozone Q1 labor costs, Q4 +1.4% y/y.
UK	0430 ET	UK May CPI expected +0.2% m/m and +1.7% y/y, Apr +0.4% m/m and +1.8% y/y. May core CPI expected +1.7% y/y, Apr +2.0% y/y.
	0430 ET	UK May RPI expected +0.2% m/m and +2.5% y/y, Apr +0.4% m/m and +2.5% y/y. May RPI ex-mortgage interest payments expected +2.6% y/y, Apr +2.6% y/y.
	0430 ET	UK May PPI input prices expected -0.1% m/m and -4.3% y/y, Apr -1.1% m/m and -5.5% y/y. May PPI output prices expected +0.1% m/m and +0.7% y/y, Apr unch m/m and +0.6% y/y.
	0430 ET	UK May PPI output core prices expected +0.1% m/m and +1.1% y/y, Apr unch m/m and +1.0% y/y.
GER	0500 ET	German Jun ZEW survey of expectations for economic growth expected +1.9 to 35.0, May 33.1. Jun ZEW survey current situation expected unchanged at 62.1.
CHI	2130 ET	China May property prices.

U.S. STOCK CALENDAR06/17/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Multiple Companies	MDT US	8:00	Acquisition of Covidien plc by Medtronic, Inc Call
Multiple Companies	MDT US	8:00	Acquisition of Covidien plc by Medtronic, Inc Call
Hill-Rom Holdings Inc	HRC US	8:30	Acquisition of TRUMPF Medicl by Hill-Rom Holdings Inc Call
SanDisk Corp	SNDK US	8:30	Acquisition of Fusion-io by SanDisk Corporation Call
Multiple Companies	LVLT US	9:00	Acquisition of tw telecom, Inc by Level 3 Communications, Inc.Call
Affiliated Managers Group Inc	AMG US	9:00	Annual General Meeting
Multiple Companies	LVLT US	9:00	Acquisition of tw telecom, Inc by Level 3 Communications, Inc.Call
Williams Cos Inc/The	WMB US	10:00	Acquisition of Access Midstream Partners by The Williams Cos., Inc. Call
Knowles Corp	KN US	11:30	Management Conference Call
Range Resources Corp	RRC US		Company Investor Meeting
Principal Financial Group Inc	PFG US		Roadshow - Boston	Y 2014
Alliance Data Systems Corp	ADS US		May 2014 Sales and Revenue Release - Performance Update	2014

Diamondback Energy - Barchart's Chart of the Day

Diamondback Energy (FANG) is the Barchart Chart of the Day.  The domestic oil and gas stock has a Trend Spotter buy signal, a Weighted Alpha of 179.10+ and gained 157.67% in the last year.

The Chart of the Day belongs to Diamondback Energy (FANG).  I found the stock by sorting the New High list for frequency in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/14 the stock gained 28.21%.

FANG is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company's activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations.

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.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 27.21% in the last month
• Relative Strength Index 82.91%
• Barchart computes a technical support level at 86.01
• Recently traded at 89.90 with a 50 day moving average of 73.89

Fundamental factors:

• Market Cap $4.55 billion
• P/E 52.28
• Revenue expected to grow 140.90% this year and another 38.70% next year
• Earnings estimated to increase 128.90% this year, an additional 34.30% next year and continue to increase at an annual rate of 60.00% for the next 5 years
• Wall Street analysts issued 3 strong buy, 12 buy and 4 hold recommendations on the stock

With the numbers this stock has I can't understand how it flew under my radar for so long.  Since we are so late to the party watch that 50 day moving average for signs of weakness,

5 Hot Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index stocks to find some with really good momentum and charts.  First I sorted for new high frequency in the last month, then used the Flipchart feature to find some solid charts.

The list today includes Magellan Health Services (MGLN), Parkway Properties (PKY),  Monolithic Power Systems (MPWR), Jack in the Box (JACK) and Tuesday Mornings (TUES):

Magellan Health Services (MGLN)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 10.39% in the last month
• Relative Strength Index 72.02%
• Barchart computes a technical support level at 61.12
• Recently traded at 61.94 with a 50 day moving average of 57.92

Parkway Properties (PKY)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.14% in the last month
• Relative Strength Index 67.51
• Barchart computes a technical support level at 20.01
• Recently traded at 20.85 with a 50 day moving average of 19.12

Monolithic Power Systems (MPWR)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 10.02% in the last month
• Relative Strength Index 71.35%
• Barchart computes a technical support level at 40.72
• Recently traded at 41.73 with a 50 day moving average of 38.01

Jack in the Box (JACK)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 8.80% in the last month
• Relative Strength Index 66.18%
• Barchart computes a technical support level at 58.87
• Recently traded at 59.76 with a 50 day moving average of 56.57

Tuesday Morning (TUES)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 23.78% in the last month
• Relative Strength Index 67.67%
• Barchart computes a technical support level at 17.21
• Recently traded at 18.22 with a 50 day moving average of 15.03

BARCHART MORNING CALL 6/16

BARCHART MORNING CALL

Monday, June 16th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 -0.27%) this morning are down -0.23% and European stocks are down -0.49% as sectarian strife in Iraq spreads and threatens to throw the country into civil war. Concern is mounting that the U.S. will be forced to intervene in Iraq to stop insurgents from taking over the country. Also, violence in Ukraine escalated over the weekend after 49 Ukraine soldiers were killed after pro-Russian insurgents shot down a military transport plane. Asian stocks closed mixed: Japan -1.09%, Hong Kong -0.08%, China +0.72%, Taiwan +0.07%, Australia +0.13%, Singapore -0.09%, South Korea +0.26%, India -0.15%. China's Shanghai Stock Index rallied up to a 1-3/4 month high on signs the central bank is widening its easing measures after the PBOC expanded the group of lenders covered by a reserve-ratio cut that was announced on Jun 9. The Chinese government is trying to boost funding for small businesses and agriculture in an attempt to spur economic growth. Commodity prices are mostly higher. July crude oil (CLN14 +0.10%) is down -0.02% as crude prices shed overnight gains on speculation that the spread of violence will not disrupt crude supplies from Iraq, OPEC's second-largest producer. July gasoline (RBN14 +0.01%) is up +0.10%. Aug gold (GCQ14 +0.59%) is up +0.49% at a 2-1/2 week high as intensifying violence in Iraq spurs safe-haven demand for gold. July copper (HGN14 +0.91%) is up +0.74%. Agriculture prices are higher. The dollar index (DXY00 +0.04%) is up +0.03%. EUR/USD (^EURUSD) is up +0.03%. USD/JPY (^USDJPY) is down -0.20%. Sep T-note prices (ZNU14 +0.13%) are up +4 ticks as the slide in equities boosts the safe-haven demand for Treasuries.
UK Jun Rightmove house prices rose +0.1% m/m and +7.7% y/y, slower than May's +3.6% m/m and +8.9% y/y increase.
The Eurozone May CPI fell -0.1% m/m, right on expectations, and was left unrevised at +0.5% y/y. The May core CPI was also left unrevised at +0.7% y/y.

U.S. STOCK PREVIEW

Today’s June Empire manufacturing index is expected to show a -4.01 point decline to 15.00, falling back a bit after the +17.27 point surge to 19.01 seen in May. Today’s May industrial production report is expected to rebound higher by +0.5%, reversing most of the -0.6% decline seen in April. Today’s June NAHB housing market index is expected to show a +2 point increase to 47, recovering a bit after the -1 point drop to a 1-year low of 45 seen in May. There are no Russell 1000 companies that report earnings today.
Equity conferences this week include: American Diabetes Association Conference on Mon, Deutsche Bank 1x1 Insurance Conference on Mon, Natural Gas for Off Road Applications USA Conference on Mon, Wall Street Journal CFO Network Annual Meeting on Mon-Tue, Canadian Telecom Summit 2014 on Mon-Wed, RBC Capital Markets Global Mining & Materials Conference on Tue, Sterne Agee Executive Summit on Tue, Deutsche Bank Global Consumer Conference on Tue-Wed, Wells Fargo Securities Healthcare Conference on Tue-Wed, Predictive Analytics World Conference on Tue-Thu, Jefferies Global Consumer Conference on Wed-Thu, Nomura Corporate Day on Wed, Citi CorpGlobal Water Conference on Thu, Goldman Sachs European Chemicals Vision Conference on Thu, J.P. Morgan Oil & Gas Corporate Access Day on Thu, Morgan Stanley China Industrials Summit on Thu, and Noia Conference 2014 on Thu.

OVERNIGHT U.S. STOCK MOVERS

Norwegian Cruise Line (NCLH -0.18%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
AK Steel (AKS +0.63%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill.
Williams (WMB +0.70%) was upgraded to 'Buy' from 'Hold' at Jefferies with a price target of $65.
CenterPoint Energy (CNP +0.25%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
DISH (DISH -0.14%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase.
RenaissanceRe (RNR +0.85%) was downgraded to 'Market Perform' from 'Outperform' at JMP Securities due to valuation.
Micron (MU +1.04%) was upgraded to 'Outperform' from 'Neutral' at RW Baird.
GNC Holdings (GNC -5.51%) was downgraded to 'Neutral' from 'Outperform' at RW Baird.
Medtronic (MDT -0.15%) jumped 11% in pre-market trading after Sanford C. Bernstein said that Medtronic's acquisition of Covidien will allow it to challenge Johnson & Johnson as the world's biggest medical device company.
Covidien Plc (COV -0.03%) surged 35% in pre-maket trading after Medtronic agreed to buy the company for $42.9 billion.

Eminence Capital reported a 5.1% passive stake in Allscripts (MDRX -1.63%) .

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 -0.27%) this morning are down -4.50 points (-0.23%). The S&P 500 index on Friday closed higher. Bullish factors included (1) the unexpected -0.2% m/m drop in May PPI, weaker than expectations of +0.1% m/m, which boosted speculation the Fed may delay any hike in interest rates, and (2) strength in technology stocks led by a rally in Intel after the world’s largest semiconductor maker said annual sales will increase for the first time in 3 years. Strength in stocks was limited after early-June U.S. consumer confidence unexpectedly fell -0.7 to 81.2, weaker than expectations of +1.1 to 83.0. Closes: S&P 500 +0.31%, Dow Jones +0.25%, Nasdaq +0.31%.
Sep 10-year T-notes (ZNU14 +0.13%) this morning are up +4 ticks. Sep 10-year T-note futures prices on Friday closed lower. Bearish factors included (1) negative carry-over from a drop in British gilts after BOE Governor Carney said that interest rate increases “could happen sooner than markets currently expect,” and (2) reduced safe-haven demand for T-notes as stocks erased early losses and settled higher. Closes: TYU4 -8.00, FVU4 -6.00.
The dollar index (DXY00 +0.04%) this morning isup +0.022 (+0.03%). EUR/USD (^EURUSD) is up +0.0004 (+0.03%). USD/JPY (^USDJPY) is down -0.20 (-0.20%). The dollar index on Friday closed unchanged. EUR/USD weakened after ECB Executive Board member Coeure said that the ECB’s measures introduced Jun 5 created “stability and predictability of rates, with low rates close to zero for a long period of time.” Gains in the dollar were muted after stocks recovered from early losses and closed higher, which reduced safe-haven demand for the dollar. Closes: Dollar Index unch, EUR/USD -0.0017 (-0.13%), USD/JPY +0.310 (+0.30%).
July WTI crude oil (CLN14 +0.10%) this morning is down -2 cents (-0.02%). July gasoline (RBN14 +0.01%) is up +0.0030 (+0.10%). July crude and gasoline prices on Friday settled mixed. July crude posted an 8-3/4 month high and closed higher after Islamist fighters extended their advance into Iraq, which risks starting a civil war that disrupts oil supplies from Iraq, OPEC’s second-largest producer. July gasoline retreated from a 1-1/2 month high and closed lower after early-Jun U.S. consumer confidence index unexpectedly declined. Closes: CLN4 +0.38 (+0.36%) RBN4 -0.026 (-0.84%).

GLOBAL EVENT CALENDAR06/16/2014

US	0830 ET	Jun Empire manufacturing index expected -4.01 to 15.00, May +17.72 to 19.01.
	0915 ET	May industrial production expected +0.5%, Apr -0.6%. May capacity utilization expected +0.3 to 78.9%, Apr was -0.7 to 78.6%.
	1000 ET	Jun NAHB housing market index expected +2 to 47, May -1 to 45.
	1100 ET	USDA weekly grain export inspections.
	1600 ET	USDA weekly crop progress.
EUR	0500 ET	Revised Eurozone May CPI, previous +0.5% y/y. Revised May core CPI, previous +0.7% y/y.

U.S. STOCK CALENDAR06/16/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Affiliated Managers Group Inc	AMG US	9:00	Annual General Meeting
Principal Financial Group Inc	PFG US		Roadshow - Boston	Y 2014