Healthways - Small Cap Pick

I used Barchart to sort the S&P 600 Small Cap Index stocks to find the one with the most frequent new highs in the last month.  The sort revealed Healthways (HWAY) a medical services company.

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal - up 19.07% since the 11/24 buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 22.19% in the last month
• Relative Strength Index 85.36%
• Barchart computes a technical support level at 17.86
• Recently traded at 18.67 with a 50 day moving average of 15.61

Fundamental factors:

• Market Cap $660.17 million
• Revenue expected to grow 11.90% this year and another 8.90% next year
• Earnings estimated to increase 188.00% this year, an additional 86.40% next year and compound at an annual rate of 1.67% over the next 5 years
• Wall Street analysts are all over the place with 3 strong buy, 2 buy, 3 hold, 2 under perform and 1 sell recommendations on the stock

Bemis Co - Barchart's Chart of the Day

Bemis Co (BMS) is the Barchart Chart of the Day.  The paper products stock has a Trend Spotter buy signal, a Weighted Alpha of 12.60+, gained 10.76% while paying a 2.52% dividend.

The Chart of the Day belongs to Bemis Co (BMS).  I found the stock by sorting the All Time High list to find the stocks with the most frequent new highs in the last month and then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/21 the stock gained 7.92%.

Bemis Company, Inc. a principal manufacturer of flexible packaging products and pressure sensitive materials selling to customers throughout the United States, Canada, and Europe with a growing presence in Asia Pacific, South America, and Mexico. The primary market for its products is the food industry. Other markets include companies in chemical, agribusiness, medical, pharmaceutical, sanitary products, graphic industries, and other consumer goods.

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:

• 80% Barchart technical bu signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 9.88% in the last month
• Relative Strength Index 72.20%
• Barchart computes a technical support level at 42.28%
• Recently traded at 42.92 with a 50 day moving average of 39.21

Fundamental factors:

• Market Cap $4.29 billion
• P/E 17.55
• Dividend yield 2.52%
• Revenue expected to shrink by 13.00% this year and again slightly shrink again next year by .60%
• Earnings estimated to increase by 1.80% this year, an additional 7.80% next year and continue to increase annually by 5.69% for the next 5 years
• Wall Street analysts issued 11 hold and 2 under perform recommendations on this stock

My advice is not to add any new money to this position.  Although the technical indicators look good I don't like that price spike back on 10/23 on a relatively good earnings announcement nor do I like that there aren't any analysts with strong buy or buy recommendations on this stock.  If you bought a while back and enjoyed the ride, that's great but be prepared to protect your profit and be out before the stock drops 10% off it's recent high.

RF Micro Devices - Today's Best Mid Cap

This morning I used Barchart to sort the S&P 400 Mid Cap Index stocks to find which ones had the most frequent new highs in the last month, then used the Flipchart feature to review the charts.  Right near the top of the list was RF Micro Devices (RFMD):

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal - up 30.12% since the buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 18.42% in the last month, 211.93% in the last year
• Relative Strength Index 70.5%
• Barchart computes a technical support level at 15.15

Fundamental factors:

• Market Cap $4.25 billion
• P/E 22.22
• Revenue expected to grow 23.80% this year and another 12.10% next year
• Earnings estimated to increase 145.70% this year, an additional 12.40% next year and continue to compound at an annual rate of 17.27% for at least the next 5 years
• Wall Street analysts issued 6 strong buy, 8 buy and 2 hold recommendations on the stock

The 50 day moving average vs. the price has been the most effective technical trading strategy on this stock and should be used as an exit point.

BARCHART MORNING CALL 12/12

BARCHART MORNING CALL

Friday, December 12th, 2014View Older Reports

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

E-mail:

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 -0.40%) this morning are down -0.53% at a 1-month low and European stocks are down -1.34% at a 3-week low as a drop in crude oil to a 5-1/3 year low undercuts energy producers. Chinese economic concerns also weighed on stocks after Nov China industrial output grew less than expected. The plunge in oil prices has also pressured the Russian ruble which plunged to a record low of 57.974 per dollar and has now lost over 30% of its value in the last 3 weeks. Asian stocks closed mixed: Japan +0.66%, Hong Kong -0.27%, China +0.32%, Taiwan +0.16%, Australia -0.22%, Singapore +0.16%, South Korea +0.37%, India -0.91%. Chinese stocks closed higher despite weaker-than-expected China Nov industrial production on speculation the government will boost its stimulus measures, while Japanese stocks rose ahead of Sunday's national elections in Japan where Prime Minister Abe's LDP party is expected to win in a landslide, which will allow him to push ahead with his fiscal policies. Commodity prices are mixed. Jan crude oil (CLF15 -1.07%) is down -0.88% at a 5-1/3 year low after the IEA cut its global oil demand forecast for the fourth time in five months when it said global oil demand in 2015 will grow by 900,000 bpd, 230,000 bpd less than previously forecast, to 93.3 million bpd. Jan gasoline (RBF15 +0.02%) is up +0.24%. Feb gold (GCG15 -0.24%) is down -0.16%. Mar copper (HGH15 +0.39%) is up +0.45%. Agriculture prices are higher. The dollar index (DXY00 -0.37%) is down -0.43%. EUR/USD (^EURUSD) is up +0.32%. USD/JPY (^USDJPY) is down -0.27%. Mar T-note prices (ZNH15 +0.33%) are up +15.5 ticks at a 1-1/2 week high on carry-over support from a rally in European government bonds to record highs as the 10-year German bund yield fell to an all-time low of 0.636%.
China Nov new yuan loans were 852.7 billion yuan, more than expectations of 655.0 billion yuan. Nov aggregate financing, China's broadest measure of credit, rose +1.15 trillion yuan, more than expectations of 895.0 billion yuan and the most in 5 months.
China Nov industrial production rose +7.2% y/y, less than expectations of +7.5% y/y.
China Nov retail sales climbed +11.7% y/y, stronger than expectations of +11.5% y/y.
Eurozone Q3 employment rose +0.2% q/q and +0.6% y/y with the +0.6% y/y increase the largest annual gain since Q2 of 2011.
Eurozone Oct industrial production rose +0.1% m/m, less than expectations of +0.2% m/m. On an annual basis Oct industrial production rose +0.7% y/y, right on expectations.
The German Nov wholesale price index fell -0.7% m/m and -1.1% y/y, a faster pace of decline from Oct when wholesale prices fell -0.6% m/m and -0.7% y/y.
UK Oct construction output unexpectedly fell -2.2% m/m, when expectations were for a +0.7% m/m increase. On an annual basis Oct construction output rose +0.7% y/y, less than expectations of +1.3% y/y.

U.S. STOCK PREVIEW

Today’s preliminary Dec U.S. consumer confidence index from the University of Michigan is expected to rise by +0.7 points to 89.5, adding to November’s rise of +1.9 points to a 7-1/3 year high 88.8. Today’s Nov final-demand PPI report is expected to fall to +1.4% y/y from +1.5% y/y in October. However, excluding food and energy, today’s Nov final-demand core PPI is expected to be unchanged at +1.8% y/y from October. None of the Russell 1000 companies report earnings today. There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Morgan Stanley (MS +0.03%) was downgraded to 'Neutral' from 'Buy' at Buckingham.
Costco (COST +0.83%) was downgraded to 'Neutral' from 'Buy' at Janney Capital.
Sherwin-Williams (SHW +3.00%) lowered guidance on fiscal 2014 EPS to $8.75-$8.80, below consensus of $8.81, and also lowered guidance on fiscal 2015 EPS to $10.65-$10.85, below consensus of $10.87.
Mindray Medical (MR -0.28%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
Avery Dennison (AVY +0.80%) was upgraded to 'Buy' from 'Hold' at Topeka.
Goodrich Petroleum (GDP +14.21%) was downgraded to 'Underweight' from 'Overweight' at JPMorgan Chase.
Lazard (LAZ -0.95%) was upgraded to 'Outperform' from 'Market Perform' at Keefe Bruyette.
CI Investments reported a 5.16% passive stake in Forest City (FCE.A -0.24%) .
United Technologies (UTX +0.48%) lowered guidance on fiscal 2014 EPS to approximately $6.80, below consensus of $6.87, and also lowered guidance on fiscal 2015 EPS to $7.00-$7.20, less than consensus of $7.27.
Nordson (NDSN +1.58%) reported Q4 EPS of $1.15, higher than consensus of $1.13.
Quiksilver (ZQK -2.63%) reported a Q4 EPS loss of -29 cents, a much bigger loss than consensus of -11 cents.
Esterline (ESL +0.38%) reported Q4 adjusted EPS of $1.82, less than consensus of $1.85.
Adobe (ADBE -0.16%) jumped over 7% in after-hours trading after it reported Q4 adjusted EPS of 36 cents, higher than consensus of 30 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.40%) this morning are down -10.75 points (-0.53%) at a 1-month low. The S&P 500 index on Thursday closed higher: S&P 500 +0.45%, Dow Jones +0.36%, Nasdaq +0.51%. Bullish factors included (1) the +0.7% increase in U.S. Nov retail sales, stronger than expectations of +0.4% and the most in 8 months, (2) the unexpected -3,000 decline in U.S. weekly initial unemployment claims, better than expectations of no change, and (3) slack price pressures after U.S. Nov import prices fell -1.5% m/m and -2.3% y/y, the fastest pace of decline in 1-1/2 years.
Mar 10-year T-notes (ZNH15 +0.33%) this morning are yp +15.5 ticks at a 1-1/2 week high. Mar 10-year T-note futures prices on Thursday fell back from a 1-week high and closed lower: TYH5 -7.00, FVH5 -6.00. Bearish factors included (1) the stronger-than-expected U.S. Nov retail sales, and (2) reduced safe-haven demand for Treasuries after stocks rallied sharply. Losses were limited on carry-over support from a rally in German bund prices to an all-time high.
The dollar index (DXY00 -0.37%) this morning is down -0.377 (-0.43%). EUR/USD (^EURUSD) is up +0.0040 (+0.32%). USD/JPY (^USDJPY) is down -0.32 (-0.27%). The dollar index on Thursday closed higher. Closes: Dollar index +0.392 (+0.44%), EUR/USD -0.00366 (-0.29%), USD/JPY +0.83 (+0.70%). Supportive factors included (1) the stronger-than-expected U.S. Nov retail sales, which may bring the Fed closer to raising interest rates, (2) weakness in the yen after USD/JPY recovered from a 3-week low and closed higher after the Kyodo News reported that Japanese Prime Minister Abe’s party may win more than 300 of 475 lower house seats in the Dec 14 election, which would give Abe a clear mandate to continue his yen-negative fiscal policies.
Jan WTI crude oil (CLF15 -1.07%) this morning is down -53 cents (-0.88%) at a new 5-1/3 year low and Jan gasoline (RBF15 +0.02%) is up +0.0039 (+0.24%). Jan crude and Jan gasoline prices Thursday closed lower with Jan crude at a 5-1/3 year low and Jan gasoline at a 5-year low. Closes: CLF5 -2.88 (-4.51%), RBF5 -0.0781 (-4.53%). Bearish factors included (1) a rally in the dollar, and (2) comments from Saudi Arabian Oil Minister Ali Al-Naimi who said Saudi Arabia will not cut oil production, “the market will correct itself.” A bullish factor was the larger-than-expected increase in U.S. Nov retail sales, which signals economic strength that is positive for fuel demand.

GLOBAL EVENT CALENDAR12/12/2014

US	0830 ET	Nov final-demand PPI expected -0.1% m/m and +1.4% y/y, Oct +0.2% m/m and +1.5% y/y. Nov final-demand PPI ex food & energy expected +0.1% m/m and +1.8% y/y, Oct +0.4% m/m and +1.8% y/y.
	0955 ET	Preliminary Dec U.S. consumer confidence (University of Michigan) expected +0.7 to 89.5, Nov +1.9 to 88.8.
CHI	0030 ET	China Nov industrial production expected +7.5% y/y, Oct +7.7% y/y
	0030 ET	China Nov retail sales expected +11.5% y/y, Oct +11.5% y/y.
UK	0430 ET	UK Oct construction output expected +0.7% m/m and +1.3% y/y, Sep +1.8% m/m and +3.5% y/y.
EUR	0500 ET	Eurozone Oct industrial production expected +0.2% m/m and +0.7% y/y, Sep +0.6% m/m and +0.6% y/y.
	0500 ET	Eurozone Q3 employment, Q2 +0.2% q/q and +0.4% y/y.

U.S. STOCK CALENDAR12/12/2014

Company	Ticker	Time	Event Description	Period	Estimate
WW Grainger Inc	GWW US	8:00	November 2014 Sales and Revenue Call	2014
WW Grainger Inc	GWW US	8:00	November 2014 Sales and Revenue Release	2014
Principal Financial Group Inc	PFG US	8:00	Roadshow - Europe - Day 2	Y 2014
MetLife Inc	MET US	8:00	Business Update Call
Alnylam Pharmaceuticals Inc	ALNY US	8:00	R&D Day	Y 2014
Nordson Corp	NDSN US	8:30	Q4 2014 Earnings Call	Q4 2014
Centene Corp	CNC US	8:30	Investor Meeting	Y 2014
Nu Skin Enterprises Inc	NUS US	12:00	Investor Day	Y 2014
Twenty-First Century Fox Inc	FOXA US		U.S. Box Office Release of Movie Exodus: Gods and Kings""
Palo Alto Networks Inc	PANW US		Annual General Meeting

Hawaiian Holdings - Barchart's Chart of the Day

Hawaiian Holdings (HA) is the Barchart Chart of the Day  The airline holding company has a Trend Spotter buy signal, a Weighted Alpha of 178.32 and gained 176.42% in the last year.

The Chart of the Day is Hawaiian Holding (HA).  I found the stock by sorting the All Time 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 10/20 the stock gained 64.49%.

Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.

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 signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 30.57% in the last month
• Relative Strength Index 83.18%
• Barchart computes a technical support level at 22.67
• Recently traded at 23.91 with a 50 day moving average of 17.55

Fundamental factors:

• Market Cap $1.29 billion
• P/E 16.87
• Revenue expected to grow 7.40% this year and another 5.70% next year
• Earnings estimated to increase 80.70% this year, an additional 37.70% next year and continue to compound at an annual rate of 46.20 for at least 5 years
• Wall Street analysts issued 3 strong buy, 1 buy and 6 hold recommendations on the stock

Airlines are volatile so use 10% drop of the most recent high as an exit point.

Western Digital - Barchart's Chart of the Day

Western Digital (WDC) is the Barchart Chart of the Day.  The computer storage device company has a Trend Spotter buy signal, a Weighted Alpha of 361.10+, gained 35.13% in the last year and paid a 1.52% dividend.

The Chart of the Day is Western Digital (WDC).  I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month ten used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/31 the stock gained 9.01%,

Western Digital Corp. designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and the high-end hard drive market and, recently, for the emerging market for hard drives specially designed for audio-visual applications, such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors, resellers and retailers.

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:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.79% in the lasts month
• Relative Strength Index 72.51%
• Barchart computes a technical support level at 101.65
• Recently traded at 107.23 with a 50 day moving average of 96.91

Fundamental factors:

• Market Cap $25.05 billion
• P/E 13.00
• Dividend yield 1.52%
• Revenue expected to grow .50% this year and another 1.30% next year
• Earnings estimated to increase 1.40% this year, an additional 7.90% next year and continue to compound at an annual rate of 6.67% for the next 5 years
• Wall Street analysts issued 6 strong buy, 13 buy, 5 hold and 1 under perform recommendation on the stock

I think that a moving stop loss 10% below the most recent high is the best way to find an exit point for this stock.

Omnicom Group - Best Large Cap Today

Today I used Barchart to sort the S&P 500 Large Cap Index stock to find the one with the most frequent new highs in the last month.  Today's sort yielded Omnicom Group (OMC):

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 6.32% in the last month
• Relative Strength Index 71.09%
• Barchart computes a technical support level at 76.79
• Recently traded at 77.70 with a 50 day moving average of 71.84

Fundamental factors:

• Market Cap $19.52 billion
• P/E 18.80
• Dividend yield 2.55%
• Revenue expected to grow 4.90% this year and another 4.20% next year
• Earnings estimated to increase 9.60% this year, an additional 9.30% next year and continue to increase at an annual rate of 7.25% for the next 5 years
• Wall Street analysts issued 1 strong buy, 5 buy, 11 hold, 1 under perform and 1 sell recommendation on the stock

The technical trading strategy that has been recently working on this stock is the 50 day moving average vs price and should be used for an exit point.

BARCHART MORNING CALL 12/10

BARCHART MORNING CALL

Wednesday, December 10th, 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

December E-mini S&Ps (ESZ14 -0.10%) this morning are down -0.06% and European stocks are up +0.56% after Die Zeit reported that ECB President Draghi called German Finance Minister Schaeuble after the Dec 4 ECB meeting in an attempt to garner support in Germany for a government-bond purchase plan to be decided as soon as next month. Asian stocks closed mixed: Japan -2.25%, Hong Kong +0.16%, China +3.69%, Taiwan -1.06%, Australia -0.45%, Singapore +0.18%, South Korea -1.52%, India +0.12%. Chinese stocks rallied nearly 4% after a slowdown in inflation bolstered the case for more monetary easing after China Nov CPI rose less than expected at the slowest pace in 5 years. Commodity prices are mostly lower. Jan crude oil (CLF15 -1.91%) is down -1.93% after OPEC cut its 2015 global demand forecast for its crude to a 12-year low. Jan gasoline (RBF15 -2.09%) is down -2.16% at a fresh 5-year low. Feb gold (GCG15 -0.34%) is down -0.33%. Mar copper (HGH15 -0.92%) is down -0.70%. Agriculture prices are mixed. The dollar index (DXY00 unch) is down -0.02%. EUR/USD (^EURUSD) is unch. USD/JPY (^USDJPY) is down -0.33%. Mar T-note prices (ZNH15 unch) are unch.
China Nov CPI rose +1.4% y/y, less than expectations of +1.6% y/y and the smallest pace of increase in 5 years. China Nov PPI fell -2.7% y/y, a larger decline than expectations of -2.4% y/y and the steepest drop in 1-1/2 years.
The Japan Nov consumer confidence index unexpectedly fell -1.2 to 37.7, weaker than expectations of +0.6 to 39.5 and the lowest in 7 months.
The Japan Q4 BSI large all-industry business conditions fell -6.1 to 5.0, a bigger decline than expectations of -1.1 to 10.0. Q4 BSI large manufacturing business conditions fell -4.6 to 8.1.
Japan Nov PPI fell -0.2% m/m, a smaller decline than expectations of -0.3% m/m. On an annual basis, Nov PPI rose +2.7% y/y, more than expectations of +2.6% y/y but still the slowest pace of increase in 8 months.

U.S. STOCK PREVIEW

Today’s Nov monthly Treasury budget statement is expected to show a deficit of -$65.0 billion, which would be substantially better than the -$135.2 billion deficit seen a year ago in Nov 2013. The Treasury today will sell $21 billion of 10-year T-notes in a reopening of last month’s 2-1/4% 10-year note of Nov 2024. There are 2 of the Russell 1000 companies that report earnings today: Toll Brothers (consensus $0.73), Costco (1.09).
Equity conferences during the remainder of this week include: Goldman Sachs Financial Services Conference on Tue-Wed, Barclays Capital Global Technology Conference on Tue-Wed, Wells Fargo Energy Symposium on Tue-Wed, Barclays Real Estate Conference on Wed, BMO Technology Conference on Wed, Mitsubishi UFJ Securities Property REIT Conference on Wed, Wells Fargo Securities Research, Economics & Strategy Energy Symposium on Wed, Credit Lyonnais Securities Asia Ltd Americas Innovation Summit on Wed, Oppenheimer Healthcare Conference on Wed, Bank of America Merrill Lynch US Basic Materials Conference on Wed-Thu, Capital One Southcoast Energy Conference on Wed-Thu, Bank of America Merrill Lynch Animal & Dental Health Summit on Thu, and Desjardins Securities Materials Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Goldman Sachs (GS +0.14%) was downgraded to 'Neutral' from 'Positive' at Susquehanna.
Disney (DIS -0.92%) was downgraded to 'Hold' from 'Buy' at Topeka due to valuation.
Genesco (GCO +1.16%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
British Petroleum (BP -0.90%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.
Costco Wholesale (COST +0.50%) reported Q1 EPS of $1.12, higher than consensus of $1.09.
Yum! Brands (YUM -1.62%) fell nearly 5% in pre-market trading after the company said 2014 EPS, excluding some items, wil rise by a mid-single-figit percentage, well below a previous forecast of 20% growth.
Krispy Kreme (KKD +0.50%) fell over 4% in after-hours trading after it reported Q3 adjusted EPS of 18 cents, less than consensus of 19 cents.
Korn/Ferry (KFY +1.71%) rose over 3% in after-hours trading after it reported Q2 EPS of 51 cents, better than consensus of 45 ccents.
Lazard reported a 5.072% passive stake in Mobile TeleSystems (MBT -0.31%) .
CHC Group (HELI +7.35%) reported a Q3 EPS loss of -31 cents, a smaller loss than consensus of -38 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 -0.10%) this morning are down -1.25 points (-0.06%). The S&P 500 index on Tuesday fell to a 3-week low and closed lower, although stocks recovered from their worst levels after energy producers and technology companies rose: S&P 500 -0.02%, Dow Jones -0.29%, Nasdaq +0.38%. Bearish factors included (1) carry-over weakness from a slide in world equity markets after China tightened collateral rules for short-term loans and sparked a sharp sell-off in Chinese stocks, and (2) renewed Greek debt concerns after the Greek government brought forward the process for choosing a new President this month, a move that risks triggering parliamentary elections that could put a party in power that opposes the terms of Greece’s bailout by the EU.
Mar 10-year T-notes (ZNH15 unch) this morning are unch. Mar 10-year T-note futures prices on Tuesday closed higher: TYH5 +12.00, FVH5 +6.75. Bullish factors included (1) reduced inflation expectations after the 10-year break-even rate fell to a new low, and (2) increased safe-haven demand for Treasuries after the S&P 500 tumbled to a 3-week low.
The dollar index (DXY00 unch) this morning is down -0.022 (-0.02%). EUR/USD (^EURUSD) is unch. USD/JPY (^USDJPY) is down -0.39 (-0.33%). The dollar index on Tuesday closed lower. Closes: Dollar index -0.351 (-0.39%), EUR/USD +0.00571 (+0.46%), USD/JPY -0.99 (-0.82%). Bearish factors included (1) strength in the yen as USD/JPY fell to a 1-week low after a slide in global equity markets boosted the safe-haven demand for the yen, and (2) strength in EUR/USD which rallied after German Nov exports were a bit stronger than expected.
Jan WTI crude oil (CLF15 -1.91%) this morning is down -$1.23 a barrel (-1.93%) and Jan gasoline (RBF15 -2.09%) is down -0.0372 (-2.16%) at a 5-year low. Jan crude Tuesday rebounded from a 5-1/3 year low and Jan gasoline prices recovered from a 5-year low and closed higher. Closes: CLF5 +0.77 (+1.22%), RBF5 +0.017 (+1.00%). Supportive factors included (1) short covering in most commodities after the dollar index fell, and (2) expectations for Wednesday’s weekly EIA crude inventories to fall -2.7 million bbl.

GLOBAL EVENT CALENDAR12/10/2014

US	0700 ET	Weekly MBA mortgage applications, previous -7.3% with purchase sub-index +2.5% and refi sub-index -13.4%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1200 ET	USDA Dec WASDE crop production.
	1300 ET	Treasury auctions $21 billion 10-year T-notes.
	1400 ET	Nov monthly budget statement expected -$65.0 billion, Nov-2013 -$135.2 billion.
JPN	0000 ET	Japan Nov consumer confidence index expected +0.6 to 39.5, Oct 38.9.
	1850 ET	Japan Oct tertiary industry index expected -0.2% m/m, Sep +1.0% m/m.
	1850 ET	Japan Oct machine orders expected -1.7% m/m and -0.3% y/y, Sep +2.9% m/m and +7.3% y/y.
UK	1901 ET	UK Nov RICS house price balance expected 15%, Oct 20%.

U.S. STOCK CALENDAR12/10/2014

Company	Ticker	Time	Event Description	Period	Estimate
Toll Brothers Inc	TOL US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.727
Costco Wholesale Corp	COST US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.091
BioMarin Pharmaceutical Inc	BMRN US	8:00	Investor Day	Y 2014
Diebold Inc	DBD US	9:00	Investment Community Conference	Y 2014
Tyson Foods Inc	TSN US	9:30	Investor Day	Y 2014
McDonald's Corp	MCD US	11:00	Investor Meeting	Y 2014
Costco Wholesale Corp	COST US	11:00	Q1 2015 Earnings Call	Q1 2015
Brown-Forman Corp	BF/B US	13:00	Analyst Meeting	Y 2014
Pall Corp	PLL US	13:00	Annual General Meeting
Bunge Ltd	BG US	13:00	Investor Day	Y 2014
Toll Brothers Inc	TOL US	14:00	Q4 2014 Earnings Call	Q4 2014
Altera Corp	ALTR US	16:45	Q4 2015 Guidance Call	Q4 2015
Kennametal Inc	KMT US		November 2014 Monthly Orders Release
Progressive Corp/The	PGR US		November 2014 Sales and Revenue Release	2014
Charles Schwab Corp/The	SCHW US		November 2014 Sales and Revenue Release - Activity Report	2014

Tribune Publishing - Barchart's Chart of the Day

Tribune Publishing (TPUB) is the Barchart Chart of the Day.  The diversified media company has a Trend Spotter buy signal, gained 8.51% since opening on 8/5 and paid a 3.17% dividend.

The Chart of the Day belongs to Tribune Publishing (TPUB).  I found the stock by sorting the All Time High list for stocks hitting the most new highs in the last month. Barchart does not give ratings on stocks until they have been trading for at least 6 months so this one may be a little premature but looks interesting.  Since the Trend Spotter signaled a buy on 11/18 the stock gained 35.28%.

Tribune Publishing Company is a diversified media and marketing solutions company. It operates daily newspapers and related Websites, and various ancillary businesses. The Company operates Websites and mobile applications, including a primary online product for each local newspaper, which is an expanded version of the newspaper, providing local, national, and international news. Its daily newspapers include the Los Angeles Times, the Chicago Tribune, the Sun Sentinel, the Orlando Sentinel, The Baltimore Sun, the Hartford Courant, The Morning Call and the Daily Press.

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:

• Trend Spotter buy signal
• Above its 20 and 50 day moving averages
• 18 new highs and up 43.47% in the last month
• Relative Strength Index 78.05%
• Recently traded at 22.97 with a 50 day moving average of 19.28

Fundamental factors:

• Market Cap $561.18 million
• Dividend yield 3.17%
• Earnings estimated to increase by 45.00% next year
• Only 2 Wall Street analysts follow the new stock and there is 1 buy and 1 hold

This is a highly speculative stock without a long term trading history.  Use the 50 day moving average as an exit point.

Dentsply International - Barchart's Chart of the Day

Dentsply International (XRAY) is the Barchart Chart of the Day. The dental equipment and supply company has a Trend Spotter buy signal, a Weighted Alpha of 23.60+, gained 16.10% in the last year and paid a .48% dividend.

The Chart of the Day belongs to Dentsply International (XRAY).  I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/27 the stock gained 19.07%.

Dentsply International Inc. designs, develops, manufactures and markets products in two principal categories: dental consumable and laboratory products, and dental equipment. Dental consumable and laboratory products include dental prosthetics, endodontic instruments and materials, impression materials, restorative materials, crown and bridge materials, prophylaxis paste, dental sealants, cutting instruments, dental needles, dental anesthetics, and orthodontic appliances.

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 8.44% in the last month
• Relative Strength Index 76.32%
• Barchart computes a technical support level at 55.26
• Recently traded at 55.64 with a 50 day moving average of 49.77

Fundamental factors:

• Market Cap $7.89 billion
• P/E 22.16
• Dividend yield .48%
• Revenue expected to increase by .20% this year and another 2.40% next year
• Earnings estimated to gain by 7.20% this year, an additional 7.90% next year and continue to compound at an annual rate of 12.00% for the next 5 years
• Wall Street analysts issued 4 strong buy, 1 buy, 7 hold and 1 under perform recommendation on the stock.

Use a moving stop loss 10% below the recent high as an exit point.