Anthem - Barchart's Chart of the Day

Anthem (ANTM) is the Barchart Chart of the Day.  The managed health care provider has a Trend Spotter buy signal, a Weighted Alpha of 57.94+, gained 58.38% in the last year and paid a 1.33% dividend.

The Chart of the Day belongs to Anthem (ANTM).  I found the company by sorting the All Time High list for the stocks with the best technical buy signals, then used the FlipCart feature to review the charts.  Since the Trend Spotter signaled another buy on 1/8 the stock gained 3.01%.

Anthem Inc. is a health care company. The company provides medical products, through its subsidiaries. It operates through Commercial, Consumer and Other segments. The Company offers managed care plans to the large and small employer, individual, Medicaid and senior markets.

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
• 7 new highs and up 11.70% in the last month
• Relative Strength Index 67.68%
• Barchart computes a technical support level at 130.65
• Recently traded at 135.20 with a 50 day moving average of 127.03

Fundamental factors:

• Market Cap $ 26.82 billion
• P/E 16.54
• Dividend yield 1.33%
• Revenue expected to grow 4.40% this year and another 8.40% next year
• Earnings estimated to increase 8.20% this year, an additional 12.90% next year and continue to increase at an annual rate of 10.88% for the next 5 years
• Wall Street analysts issued 5 strong buy, 3 buy and 13 hold recommendations on the stock

The price vs the 100 day moving average has been a dependable trading strategy for this stock and should continue to be used for entry and exit points.

5 Very popular stocks

Yesterday we covered the 5 most popular stocks with the individual investors, today we'll cover the next 5.

Today's list includes Ford (F), Citigroup (C), Intel (INTC), Cisco Systems (CSCO), and Johnson & Johnson (JNJ):

Ford (F)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 18.05% off its recent high
• Relative Strength Index 44.12%
• Barchart computes a technical support level at 14.58
• Recently traded at 14.83 which is below its 50 day moving average of 15.14

Citigroup (C)

Barchart technical indicators:

• 88% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 17.65% off its recent high
• Relative Strength Index 24.09%
• Barchart computes a technical support level at 46.13
• Recently traded at 46.86 which is below its 50 day moving average of 53.28

Intel (INTC)

Barchart technical indicators:

• 8% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 6.27% off its recent high
• Relative Strength Index 41.89%
• Barchart computes a technical support level at 35.52
• Recently traded at 35.97 which is below its 50 day moving average of 36.57

Cisco (CSCO)

Barchart technical indicators:

• 24% Barchart technical buy signals
• Trend Spotter hold signal
• Below its 20 day moving average but still above its 50 and 100 day moving averages
• 4.95% off its recent high
• Relative Strength Index 46.52%
• Barchart computes a technical support level at 26.81
• Recently traded at 27.36 with a 50 day moving average of 27.12

Johnson & Johnson (JNJ)

Barchart technical indicators:

• 88% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 6.59% off its recent high
• Relative Strength Index 38.00%
• Barchart computes a technical support level at 100.81
• Recently traded at 102.13 which is below its 50 day moving average of 106.41

BARCHART MORNING CALL 1/16

BARCHART MORNING CALL

Friday, January 16th, 2015View 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

March E-mini S&Ps (ESH15 -0.54%) this morning are down -0.15% at a 4-week low and European stocks shed losses and are up +0.55% after comments from ECB Executive Board member Coeure bolstered speculation the ECB will embark on a program of buying sovereign debt at its meeting next Thursday. The fallout from Thursday's surprise move by the Swiss National Bank (SNB) to abandon its currency cap led to huge losses in the forex market with New Zealand's Global Brokers NZ Ltd. saying that losses from the franc's surge are forcing it to shut down and British broker Alpari Ltd. said it "entered into insolvency." Also, FXCM Inc., the largest U.S. retail foreign-exchange broker, said clients owe $225 million on their accounts and threaten the firm's compliance with capital rules. Asian stocks closed mostly lower: Japan -1.43%, Hong Kong -1.02%, China +0.86%, Taiwan -0.29%, Australia -0.60%, Singapore -1.14%, South Korea -1.44%, India +0.17%. Japan's Nikkei Stock Index dropped to a 2-1/2 month low after the SNB's unexpected scrapping of its currency cap prompted investors to avert risk and dump stocks. Chinese stocks bucked the trend and rallied on speculation the PBOC will soon cut reserve-requirement ratios. Commodity prices are mixed. Feb crude oil (CLG15 +2.21%) is up +2.72%. Feb gasoline (RBG15 +1.47%) is up +2.20%. Feb gold (GCG15 -0.17%) is down -0.37%. Mar copper (HGH15 -0.23%) is unch. Agriculture prices are higher. The dollar index (DXY00 +0.16%) is up +0.13%. EUR/USD (^EURUSD) is down -0.40%. USD/JPY (^USDJPY) is up +0.46%. Mar T-note prices (ZNH15 +0.28%) are up +8 ticks.
In a sign that the ECB will implement quantitative easing at next Thursday's policy meeting, ECB Executive Board member Coeure said that for QE to be efficient "it would have to be big" and that "we will take into account the American and British experiences to determine the amounts of bonds to buy."
Eurozone Dec CPI fell -0.1% m/m, right on expectations and the third consecutive month of declines. Dec CPI of -0.2% y/y was left unrevised, although Dec core CPI was revised lower to +0.7% y/y from the originally reported +0.8% y/y and matched the slowest pace of increase since data began in 1997.
Eurozone Dec new car registrations rose +4.7% y/y to 951,000, the sixteenth consecutive month registrations have increased.
The Japan Nov tertiary industry index rose +0.2% m/m, right on expectations, although Oct was revised upward to -0.1% m/m from the originally reported -0.2% m/m.

U.S. STOCK PREVIEW

Today’s early-Jan U.S. consumer confidence index from the University of Michigan is expected to show a +0.5 point increase to 94.1, adding to December’s +4.8 point rise to an 8-year high of 93.6.  Today’s Dec CPI is expected to drop to +0.7% y/y from Nov’s +1.3% due to the plunge in oil and gasoline prices.  Today’s Dec core CPI is expected to be unchanged from November at +1.7% y/y.  Today’s Dec industrial production report is expected to show a small decline of -0.1% m/m, stalling after November’s sharp increase of +1.3% m/m.  There are 5 the S&P 500 companies that report earnings today:  Goldman Sachs (consensus $4.36), Schwab (0.24), Comerica (0.77), SunTrust Banks (0.80), PNC Financial (1.73).  Equity conferences today include:   Biomarkers from Research to Clinic Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Starwood (HOT -1.00%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Gap (GPS -2.37%) was downgraded to 'Neutral' from 'Overweight' at Atlantic Equities.
CSX (CSX +1.37%) was upgraded to 'Positive' from 'Neutral' at Susquehanna.
PNC Financial Services Group (PNC -0.70%) reported Q4 EPS of $1.84, stronger than consensus of $1.73.
Family Dollar (FDO -1.52%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Comerica (CMA -1.09%) reported Q4 EPS of 82 cents, better than consensus of 77 cents.
SunTrust Banks (STI -1.77%) reported Q4 EPS of 88 cents, higher than consensus of 80 cents.
The WSJ reported that British Petroleum (BP +0.17%) may pay up to $13.7 billion in fines for the 2010 Deepwater Horizon Gulf spill case.
Time Warner (TWX +0.04%) was downgraded to 'Hold' from 'Buy' at Stifel.
Viacom (VIAB -1.95%) was initiated with a 'Buy' at Stifel with a price target of $89.
21st Century Fox (FOXA -0.77%) was initiated with a 'Buy' at Stifel with a price target of $41.
GrubHub (GRUB -1.98%) was initiated with a 'Buy' at Stifel with a price target of $46.
Target (TGT +1.80%) was upgraded to 'Neutral' from 'Underperform' at BofA/Merrill Lynch.
Schlumberger (SLB -2.25%) reported Q4 adjusted EPS of $1.50, higher than consensus of $1.46, although Q4 revenue of $12.6 billion was less than consensus of $12.72 billion. Schlumberger then said it plans to cut 9,000 jobs in 2015.
Roundy's (RNDY -5.29%) lowered guidance on Q1 EPS to -5 cents to zero, weaker than consensus of 3 cents, and then cut guidance on full-year fiscal 2015 EPS to a loss of -18 cents to -7 cents, well below consensus of 6 cents.
Intel (INTC -0.44%) reported Q4 EPS of 74 cents, better than consensus of 66 cents, but then said Q1 revenue would be $13.7 billion, plus or minus $500 million, which is less than consensus of $13.77 billion.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.54%) this morning are down -3.00 points (-0.15%) and posted a 4-week low. The S&P 500 index on Thursday closed lower: S&P 500 -0.92%, Dow Jones -0.61%, Nasdaq -1.36%. Bearish factors included (1) the unexpected +19,000 increase in U.S. weekly unemployment claims to a 4-month high of 316,000, more than expectations for a -4,000 decline to 290,000, (2) the -18.0 point plunge in the Jan Philadelphia Fed business outlook survey to 6.3, weaker than expectations of -5.8 to 18.7 and the lowest in 11 months, and (3) a slide in U.S. bank stocks after Citigroup, Bank of America and JPMorgan Chase reported the worst combined quarterly trading revenue since 2011.
Mar 10-year T-notes (ZNH15 +0.28%) this morning are up +8 ticks. Mar 10-year T-note futures prices on Thursday posted a new contract high and closed higher. Closes: TYH5 +18.50, FVH5 +12.50. Bullish factors included (1) the end of the Swiss National Bank’s exchange-rate cap against the euro, which roiled global stock and currency markets and boosted safe-haven demand for T-notes, (2) the unexpected increase in U.S. weekly jobless claims to a 4-month high, and (3) the larger-than-expected decline in the Jan Philadelphia Fed business outlook survey to an 11-month low.
The dollar index (DXY00 +0.16%) this morning is up +0.119 (+0.13%). EUR/USD (^EURUSD) is down -0.0046 (-0.40%). USD/JPY (^USDJPY) is up +0.53 (+0.46%). The dollar index on Thursday surged to an 11-year high and closed higher: Dollar index +0.191 (+0.21%), EUR/USD -0.01586 (-1.35%), USD/JPY -1.17 (-1.00%). Bullish factors included (1) the plunge in EUR/USD to an 11-year low after the Swiss National Bank ended its 3-year minimum exchange rate of 1.20 franc per euro, and (2) improved dollar interest rate differentials versus the euro on expectations for the ECB to announce QE when it meets next Thursday.
Feb WTI crude oil (CLG15 +2.21%) this morning is up +$1.26 a barrel (+2.72%) and Feb gasoline (RBG15 +1.47%) is up +0.0286 (+2.20%). Feb crude oil and Feb gasoline on Thursday climbed to 1-week highs but relinquished their gains and closed lower: CLG5 -2.23 (-4.60%), RBG5 -0.0512 (-3.79%). Bearish factors included (1) the rally in the dollar index to an 11-year high, (2) OPEC’s cut in its 2015 global demand forecast for its crude to 28.8 million bpd, -100,000 bpd less than last month’s forecast.

GLOBAL EVENT CALENDAR01/16/2015

US	0830 ET	Dec CPI expected -0.4% m/m and +0.7% y/y, Nov -0.3% m/m and +1.3% y/y. Dec CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Nov +0.1% m/m and +1.7% y/y.
	0815 ET	Dec industrial production expected -0.1% m/m, Nov +1.3% m/m. Dec capacity utilization expected -0.2 to 79.9%, Nov +0.8 to 80.1%.
	0850 ET	Minneapolis Fed President Narayana Kocherlakota delivers a Goal-Based Monetary Policy Report and speaks on the economy to the Financial Planners Association of Minnesota.
	0955 ET	Preliminary U.S. Jan University of Michigan consumer confidence expected +0.5 to 94.1, Dec +4.8 to 93.6.
	1100 ET	San Francisco Fed President John Williams gives opening remarks and does an audience Q&A for the Bay Area Council Economic Institute 8th Annual Forecast.
EUR	0200 ET	Eurozone Dec new car registrations, Nov +1.4% y/y.
	0500 ET	Revised Eurozone Dec CPI, previous -0.2% y/y and core CPI +0.8% y/y.
GER	0200 ET	Revised German Dec CPI (EU harmonized), previous +0.1% m/m and +0.1% y/y.

U.S. STOCK CALENDAR01/16/2015

Company	Ticker	Time	Event Description	Period	Estimate
PNC Financial Services Group Inc/The	PNC US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.733
SunTrust Banks Inc	STI US	6:00	Q4 2014 Earnings Release	Q4 2014	0.803
Comerica Inc	CMA US	6:40	Q4 2014 Earnings Release	Q4 2014	0.77
Goldman Sachs Group Inc/The	GS US	7:30	Q4 2014 Earnings Release	Q4 2014	4.357
Schlumberger Ltd	SLB US	8:00	Q4 2014 Earnings Call	Q4 2014
SunTrust Banks Inc	STI US	8:00	Q4 2014 Earnings Call	Q4 2014
Comerica Inc	CMA US	9:00	Q4 2014 Earnings Call	Q4 2014
Goldman Sachs Group Inc/The	GS US	9:30	Q4 2014 Earnings Call	Q4 2014
PNC Financial Services Group Inc/The	PNC US	10:00	Q4 2014 Earnings Call	Q4 2014
Charles Schwab Corp/The	SCHW US		Q4 2014 Earnings Release	Q4 2014	0.244

Allegiant Travel - Barchart's Chart of the Day

Allegiant Travel (ALGT) is the Barchart Chart of the Day.  The discount airline has a Trend Spotter buy signal, a Weighted Alpha of 64.60+ and gained 55.59% in the last year.

The Chart of the Day belongs to Allegiant Travel (ALGT). I found the stock using Barchart to sort today's All Time High list for the stocks having the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/28 the stock gained 24.36%.

Las Vegas-based ALLEGIANT TRAVEL COMPANY , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Phoenix, Ariz., Fort Lauderdale, Fla., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, LLC, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.

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
• 13 new highs and up 17.75% in the last month
• Relative Strength Index 73.43%
• Barchart computes a technical support level at 149.80
• Recently traded at 160.74 with a 50 day moving average of 141.40

Fundamental factors:

• Market Cap $2.87 billion
• P/E 28.99
• Revenue expected to grow 13.80% this year and another 9.30% next year
• Earnings estimated to increase 27.20% this year, an additional 55.10% next year and continue to compound at an annual rate of 20.35% for the next 5 years
• Wall Street analysts issued 3 strong buy, 3 buy, 6 hold and 2 under perform recommendations on the stock

The 50-100 Day MACD Oscillator has been a very good technical trading strategy on this stock and should be used to determine entry and exit points on this stock.

Technical on 5 popular stocks

Just because a stock is popular does not mean you have to follow the herd and be in it too.  Today I took a list of the 5 most popular stocks with the readers of Seeking Alpha and used Barchart to see how their technical indicators are doing.

Today's list includes Apple (AAPL), Bank of America (BAC), General Electric (GE), Facebook (FB) and Microsoft (MSFT):

Apple (AAPL)

Barchart technical indicators:

• 24% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 8.31% off its recent high
• Relative Strength Index 47.41%
• Barchart computes a technical support level at 107.61
• Recently traded at 108.83 which is below its 50 day moving average of 112.16

Bank of America (BAC)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 2, 50 and 100 day moving averages
• 11.92% off its recent high
• Relative Strength Index 30.44%
• Barchart computes a technical support level at 15.56
• Recently traded at 15.47 which is below its 50 day moving average of 17.79

General Electric (GE)

Barchart technical indicators:

• 80% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 13.62% off its recent high
• Relative Strength Index 28.84%
• Barchart computes a technical support level at 23.24
• Recently traded at 23.76 which is below its 50 day moving average of 25.67

Facebook (FB)

Barchart technical indicators:

• 40% Barchart technical sell signals
• Trend Spotter hold signal
• Below its 20, 50 and 100 day moving averages
• 7.80% off its recent high
• Relative Strength Index 44.70%
• Barchart computes a technical support level at 75.33
• Recently traded at 75.46 which is below its 50 day moving average of 76.51

Microsoft (MSFT)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 8.15% off its recent high
• Relative Strength Index 42.42%
• Barchart computes a technical support level at 45.32
• Recently traded at 45.72 with a 50 day moving average of 47.66

I'm not saying you should sell all of these if you are presently holding them but I am saying they look to be in a downward trend and you might be able to acquire them at a lower price tomorrow or next week.

BARCHART MORNING CALL 1/15

BARCHART MORNING CALL Thursday, January 15th, 2015View 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 March E-mini S&Ps (ESH15 +0.11%) this morning are down -0.57% and European stocks are up +0.21%. The unexpected decision by the Swiss National Bank (SNB) to abandon the Swiss franc's cap against the euro roiled currency markets and sent Switzerland's SMI Stock Index down to a 2-3/4 month low. The franc surged as much as 27% against the dollar and soared to a record against the euro after the SNB unexpectedly ended its 3-year minimum exchange rate of 1.20 franc per euro. The move by the SNB comes one week before the ECB meeting where the ECB may implement QE, a move that may add to pressure on the franc against the euro. Asian stocks closed mixed: Japan +1.86%, Hong Kong +0.99%, China +2.90%, Taiwan -0.16%, Australia -0.42%, Singapore +0.38%, South Korea -0.09%, India +2.66%. India's Sensex Stock Index soared over 2% to a 5-week high after the Reserve Bank of India unexpectedly cut interest rates. Commodity prices are mixed. Feb crude oil (CLG15 +1.42%) is down -0.45%. Feb gasoline (RBG15 -0.04%) is down -1.46%. Feb gold (GCG15 +1.25%) is up +1.73% at a 2-3/4 month high on increased safe-haven demand after the move by the SNB to abandon its minimum exchange rate against the euro roiled currency markets. Mar copper (HGH15 +2.51%) is up +1.84%. Agriculture prices are higher. The dollar index (DXY00 -0.45%) is down -0.39%. EUR/USD (^EURUSD) is down -0.70% at an 11-year low. USD/JPY (^USDJPY) is down -0.73%. Mar T-note prices (ZNH15 +0.06%) are up +9.5 ticks. The Swiss National Bank unexpectedly ended its 3-year minimum exchange rate of 1.20 franc per euro and moved the target range for the 3-month Libor to between -1.25% and -0.25% from the current range of between -0.75% and 0.25%. The Swiss franc soared to a record 85.17 centimes per euro after the action and sent the Swiss Market Index tumbling 11% to a 2-3/4 month low. The Reserve Bank of India (RBI) unexpectedly cut the benchmark repurchase rate to 7.75% from 8.00%, the first rate cut in 20 months, and RBI Governor Rajan said that inflation will probably be below 6.0% by Jan 2016. China Dec new yuan loans increased by 697.3 billion yuan, less than expectations of 880.0 billion yuan. Japan Dec PPI fell -0.4% m/m, a bigger drop than expectations of -0.3% m/m and the fifth consecutive month that producer prices have remained unchanged or declined. On an annual basis, Dec PPY rose +1.9% y/y, less than expectations of +2.1% y/y and the slowest pace of increase in 9 months. Japan Nov machine orders rose +1.3% m/m and fell -14.6% y/y, weaker than expectations of +4.4% m/m and -6.3% y/y with the -14.6% y/y drop the largest annual decline in 5 years. U.S. STOCK PREVIEW Today’s initial unemployment claims report is expected to show a small decline of -2,000 and today’s continuing claims report is expected to show a decline of -52,000 to 2.400 million. Today’s Dec final-demand PPI is expected to ease to +1.0% y/y from Nov’s +1.4% thanks mostly to the plunge in oil and gasoline prices. Today’s Jan NY Empire manufacturing survey of general business conditions report is expected to show a +8.58 point increase to 5.00, climbing back into positive territory after Dec’s -13.74 point plunge to a 2-year low of -3.58. Meanwhile, today’s Jan Philadelphia Fed business outlook index is expected to show a -5.6 point decline to 18.7, adding to December’s -15.9 point decline to 24.3. There are 9 the S&P 500 companies that report earnings today with notable reports including: Citigroup (consensus $0.09), Intel (0.66), Bank of America (0.31), Lennar (0.96), Schlumberger (1.46). Equity conferences during the remainder of this week include: Biomarkers from Research to Clinic Conference on Fri. OVERNIGHT U.S. STOCK MOVERS Goldman Sachs downgraded Johnson & Johnson (JNJ -0.73%) to 'Sell' from 'Neutral.' Goldman Sachs upgraded Eli Lilly (LLY +0.55%) to 'Neutral' from 'Sell.' Fastenal (FAST -2.07%) reported Q4 EPS of 40 cents, right on consensus. Bank of America (BAC -2.49%) reported Q4 EPS of 32 cents, better than consensus of 31 cents. BlackRock (BLK -0.64%) reported Q4 EPS of $4.82, higher than consensus of $5.68. Lennar (LEN -1.12%) reported Q4 EPS of $1.09, better than consensus of 96 cents. Adobe Systems (ADBE -0.85%) rose over 2% in after-hours trading after it announced a $2.0 billion stock repurchase plan through fiscal 2017. Northrop Grumman (NOC +0.07%) was awarded a $963.5M government contract for intercontinental ballistic missile, or ICBM, ground subsystems support. Ashland (ASH -0.59%) Was initiated with an 'Overweight' at Piper Jaffray with a price target of $146. BlackBerry (BBRY +29.76%) slumped 15% in after-hours trading after it denied a Reuters reports that it was approached by Samsung SSNLF about a potential takeover. Sanders Capital reported a 5.58% passive stake in D.R. Horton (DHI +1.29%) , a 8.53% passive stake in Ryland Group (RYL +0.41%) and a 10.84% passive stake in Meritage Homes (MTH -1.97%) . MARKET COMMENTS Mar E-mini S&Ps (ESH15 +0.11%) this morning are down -11.50 points (-0.57%). The S&P 500 index on Wednesday tumbled to a 4-week low and closed lower: S&P 500 -0.58%, Dow Jones -1.06%, Nasdaq -0.49%. Bearish factors included (1) concern about a global economic slowdown after the World Bank cut its 2015 global GDP forecast to +3.0% from +3.4%, saying risks to the global economy are “significant and tilted to the downside,” and (2) the -0.9% drop in U.S. Dec retail sales, weaker than expectations of -0.1% and the biggest decline in 11 months, and the -1.0% plunge in Dec retail sales ex-autos, weaker than expectations of unch and the largest decline in 5-3/4 years. Mar 10-year T-notes (ZNH15 +0.06%) this morning are up +9.5 ticks. Mar 10-year T-note futures prices on Wednesday rose to a contract high and the 10-year T-note yield fell to a 1-1/2 year low of 1.78%. Closes: TYH5 +14.50, FVH5 +9.50. Bullish factors included (1) concern about a global economic slowdown after the World Bank lowered its 2015 global GDP forecast, and (2) the weaker-than-expected U.S. Dec retail sales report, which may prompt the Fed to delay an interest rate hike. The dollar index (DXY00 -0.45%) this morning is down -0.359 (-0.39%). EUR/USD (^EURUSD) is down -0.0082 (-0.70%) at an 11-year low. USD/JPY (^USDJPY) is down -0.86 (-0.73%). The dollar index on Wednesday fell to a 1-week low and closed lower: Dollar index -0.149 (-0.16%), EUR/USD +0.00166 (+0.14%), USD/JPY -0.602 (-0.51%). Bearish factors included (1) the bigger-than-expected decline in U.S. Dec retail sales, which fueled speculation the Fed may delay a rate hike, and (2) the slide in USD/JPY to a 4-week low as a sell-off in global stocks boosted safe-haven demand for the yen. Feb WTI crude oil (CLG15 +1.42%) this morning is down -22 cents (-0.45%) and Feb gasoline (RBG15 -0.04%) is down -0.0197 (-1.46%). Feb crude oil and Feb gasoline on Wednesday closed sharply higher: CLG5 +2.59 (+5.64%), RBG5 +0.0848 (+6.69%). The main bullish factor was a weaker dollar that spurred short covering. Bearish factors included (1) the +5.39 million bbl increase in weekly EIA crude inventories to a 6-1/2 month high of 387.8 million bbl, more than expectations of +1.75 million bbl, (2) the +1.7 million bbl jump in crude supplies at Cushing, OK, the delivery point of WTI futures, to 33.9 million bbl, a 10-1/2 month high, and (3) the +0.7% increase in U.S. crude production in the week ended Jan 9 to 9.192 million bpd, the highest in over 40 years. GLOBAL EVENT CALENDAR01/15/2015 US 0830 ET Weekly initial unemployment claims expected -2,000 to 292,000, previous -4,000 to 294,000. Weekly continuing claims expected -52,000 to 2.400 million, previous +101,000 to 2.452 million. 0830 ET Jan Empire manufacturing survey of general business conditions expected +8.58 to 5.00, Dec -3.58. 0830 ET Dec final demand PPI expected -0.4% m/m and +1.0% y/y, Nov -0.2% m/m and +1.4% y/y. Dec final demand PPI ex food & energy expected +0.1% m/m and +1.9% y/y, Nov unch m/m and +1.8% y/y. 0830 ET USDA weekly Export Sales. 1000 ET Jan Philadelphia Fed business outlook survey expected -5.6 to 18.7, Dec 24.3. EUR 0500 ET Eurozone Nov trade balance expected +20.0 billion euros, Oct +19.4 billion euros. JPN 1850 ET Japan Nov tertiary industry index expected +0.2% m/m, Oct -0.2% m/m. U.S. STOCK CALENDAR01/15/2015 Company Ticker Time Event Description Period Estimate BlackRock Inc BLK US Bef-mkt Q4 2014 Earnings Release Q4 2014 4.679 First Republic Bank/CA FRC US Bef-mkt Q4 2014 Earnings Release Q4 2014 0.716 Lennar Corp LEN US 6:00 Q4 2014 Earnings Release Q4 2014 0.96 Bank of America Corp BAC US 7:00 Q4 2014 Earnings Release Q4 2014 0.313 Commerce Bancshares Inc/MO CBSH US 7:00 Q4 2014 Earnings Release Q4 2014 0.659 Fastenal Co FAST US 7:00 Q4 2014 Earnings Release Q4 2014 0.395 Citigroup Inc C US 8:00 Q4 2014 Earnings Release Q4 2014 0.088 PPG Industries Inc PPG US 8:11 Q4 2014 Earnings Release Q4 2014 1.988 Bank of America Corp BAC US 8:30 Q4 2014 Earnings Call Q4 2014 BlackRock Inc BLK US 8:30 Q4 2014 Earnings Call Q4 2014 MSC Industrial Direct Co Inc MSM US 9:00 Annual General Meeting NRG Energy Inc NRG US 9:00 Investor Meeting - Day 2 Y 2015 Fastenal Co FAST US 10:00 Q4 2014 Earnings Call Q4 2014 Greif Inc GEF US 10:00 Q4 2014 Earnings Call Q4 2014 First Republic Bank/CA FRC US 10:00 Q4 2014 Earnings Call Q4 2014 Lennar Corp LEN US 11:00 Q4 2014 Earnings Call Q4 2014 Citigroup Inc C US 11:00 Q4 2014 Earnings Call Q4 2014 Citigroup Inc C US 11:30 TMAC Presents John Landry: Top Issues Facing Treasury Departments in 2015 PPG Industries Inc PPG US 14:00 Q4 2014 Earnings Call Q4 2014 People's United Financial Inc PBCT US 16:00 Q4 2014 Earnings Release Q4 2014 0.211 Intel Corp INTC US 17:00 Q4 2014 Earnings Call Q4 2014 People's United Financial Inc PBCT US 17:00 Q4 2014 Earnings Call Q4 2014 Schlumberger Ltd SLB US Aft-mkt Q4 2014 Earnings Release Q4 2014 1.459 Intel Corp INTC US Aft-mkt Q4 2014 Earnings Release Q4 2014 0.659 Best Buy Co Inc BBY US Q4 2015 Sales and Revenue Release Q4 2015

Avalon Bay Communities - Barchart's Chart of the Day

Avalon Bay Communities (AVB) is the Barchart Chart of the Day.  The upscale apartment REIT has  Trend Spotter buy signal, a Weighted Alpha of 47.40+, gained 45.28% in the last year and paid a 2.65% dividend.

The Chart of the Day belongs to Avalon Bay Communities (AVB).  I found the stock by sorting the All Time High list for the stocks with 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 10/14 the stock gained 17.85%.

AvalonBay Communities, Inc. is a real estate investment trust. They focus on the ownership and operation of upscale apartment communities in high barrier-to-entry markets of the United States. These markets include Northern and Southern California and selected states in the Mid-Atlantic, Northeast, Midwest and Pacific Northwest regions of the country.

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 an d100 day moving averages
• 12 new highs and up 8.52% in the last month
• Relative Strength Index 75.68%
• Barchart computes a technical support level at 172.42
• Recently traded at 176.85 with a 50 day moving average of 163.27

Fundamental factors:

• Market Cap $23.31 billion
• P/E 24.62
• Dividend yield 2.65%
• Revenue expected to grow 15.10% this year and another 9.50% next year
• Earnings estimated to increase by 42.80% this year, an additional 2.90% next year and continue to compound at an annual rate of 12.57% for the next 5 years
• Wall Street analysts issued 2 strong buy, 8 buy and 10 hold recommendation on this stock

The 50-100 Day MACD Oscillator has been an extremely good technical trading strategy on this stock and should continue to be used for enter and exit points.

The 5 Best Large Caps

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the best technical indicators and charts.

Today's list includes Mohawk Industries (MHK), Health Care REIT (HCN), Ventas (VTR), Vornado Realty Trust (VNO), and Safeway (SWY):

Mohawk Industries (MHK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 7.64% in the last month
• Relative Strength Index 74.53%
• Barchart computes a technical support level at 152.04
• Recently traded at 164.85 with a 50 day moving average of 151.40

Health Care REIT (HCN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 10 new highs and up 6.45% in the last month
• Relative Strength Index 73.98%
• Barchart computes a technical support level at 79.92
• Recently traded at 81.49 with a 50 day moving average of 74.92

Ventas (VTR)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 6 new highs and up 3.88% in the last month
• Relative Strength Index 69.58%
• Barchart computes a technical support level at 75.96
• Recently traded at 77.58 with a 50 day moving average of 71.84

Vornado Realty Trust (VNO)

Barchart technical indicators:

• 96% Barchart  technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 16 new highs and up 9.60% in the last month
• Relative Strength Index 76.85%
• Barchart computes a technical support level at 122.28
• Recently traded at 124.43 with a 50 day moving average of 114.35

Safeway (SWY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and  day moving averages new highs and up 
• 14 new highs and up 2.02% in the last month
• Relative Strength Index 65.79%
• Barchart computes a technical support level at 35.07
• Recently traded at 35.28 with a 50 day moving average of 34.92

BARCHART MORNING CALL 1/14

BARCHART MORNING CALL

Wednesday, January 14th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 -0.56%) this morning are down -0.30% and European stocks are down -0.04% after the World Bank cut its global growth outlook for this year. A slide in commodity producers is leading the overall market lower after the price of copper plunged to a 5-1/2 year low. European stocks recovered from their worst levels after an aide to the EU's top court said a bond-buying program by the ECB is "in principle" in line with European Union treaties. Asian stocks closed lower: Japan -1.71%, Hong Kong -0.43%, China -0.33%, Taiwan -0.56%, Australia -0.95%, Singapore -0.45%, South Korea -0.12%, India -0.29%. Commodity prices are lower on demand concerns after the World Bank cut its global GDP forecast. Feb crude oil (CLG15 -0.31%) is down -0.04%. Feb gasoline (RBG15 -0.41%) is down -0.24%. Feb gold (GCG15 -0.36%) is down -0.48%. Mar copper (HGH15 -5.30%) is down -5.12% at a 5-1/2 year low. Agriculture prices are weaker with Mar corn and Mar soybeans at 1-1/4 month lows and Mar wheat at a 1-3/4 month low. The dollar index (DXY00 unch) is down -0.03%. EUR/USD (^EURUSD) is down -0.14% at a 9-year low after an aide to the EU's top court gave a green light to the ECB's bond-buying program. USD/JPY (^USDJPY) is down -0.81%. Mar T-note prices (ZNH15 +0.11%) are up +4 ticks.
The World Bank cut its 2015 global GDP forecast to 3.0%, down from a 3.4% estimate in Jun, saying risks to the global economy are "significant and tilted to the downside." The World Bank lowered its 2015 Eurozone GDP forecast to 1.1% from a Jun estimate of 1.8% and cut its 2015 China GDP estimate to 7.1% from 7.5%, but upgraded its 2015 U.S GDP projection to 3.2% from 3.0%.
A senior adviser at the European Union's highest appeals court said the ECB's Outright Monetary Transactions (OMTs) bond-buying program is "compatible" with European Union treaties. Germany's top court had expressed doubts about the legality of the OMT program and this legal endorsement paves the way for the ECB to implement additional bond buying when it meets on Jan 22.
Eurozone Nov industrial productions rose +0.2% m/m and fell -0.4% y/y, better than expectations of unch m/m and -0.7% y/y.
Japan Dec machine tool orders rose +33.8% y/y, less than Nov's 36.6% increase but still the sixteenth consecutive month of gains.

U.S. STOCK PREVIEW

Today’s Dec retail sales report is expected to show a decline of -0.1% m/m after November’s strong increase of +0.7%.   The Fed today will release its Beige Book survey of the economy ahead of the next FOMC meeting on Jan 29-30.The Treasury today will sell $13 billion of 30-year T-bonds, concluding this week’s $58 billion coupon package.  There are three of the Russell 1000 companies that report earnings today:  JPMorgan Chase (consensus $1.32), Wells Fargo (1.02), Greif (0.77).  Equity conferences during the remainder of this week include:  JP Morgan Health Care Conference on Mon-Wed, Deutsche Bank Global Auto Industry Conference on Tue-Wed, and Biomarkers from Research to Clinic Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Foot Locker (FL -2.04%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
JPMorgan Chase (JPM +0.02%) was downgraded to 'Underweight' from 'Neutral' at HSBC.
Viacom (VIAB +0.32%) was downgraded to 'Sell' from 'Buy' at Citigroup.
Travelers (TRV +0.15%) and Allstate (ALL +0.60%) were downgraded to 'Underperform' from 'Neutral' at Macquarie.
KB Home (KBH -16.29%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
BlackRock (BLK +0.30%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Chesapeake (CHK +0.90%) , Resolute Energy (REN -9.88%) and Marathon Oil (MRO -1.33%) were all downgraded to 'Underweight' from 'Equal Weight' at Barclays.
JPMorgan Chase (JPM +0.02%) reported Q4 EPS of $1.33, better than consensus of $1.32.
Stryker (SYK +0.21%) said it sees Q4 adjusted EPS of $1.43-$1.45, below consensus $1.46, and then lowered guidance on fiscal 2014 EPS to $4.72-$4.74, less than consensus of $4.75.
Integrated Core Strategies reported a 4.9% passive stake in Gulfport Energy (GPOR -2.82%) .
Portolan Capital reported a 5.12% passive stake in Datawatch (DWCH -1.80%) .
Tesla (TSLA +1.01%) fell over 4% after CEO Musk said Q4 China sales declined significantly.
Cintas (CTAS +1.15%) announced that its Board of Directors approved an additional $500 million share repurchase program.
GameStop (GME -2.96%) rose over 6% in after-hours trading after it said that comparable holiday same-store-sales decreased -3.1%, comprised of -3.3% in the U.S. and -2.7% internationally, but said it backs its fiscal 2014 EPS view of $3.40-$3.55, within the range of consensus at $3.49.
CSX (CSX -1.06%) reported Q4 EPS of 49 cents, right on consensus, although Q4 revenue of $3.20 billion was better than consensus of $3.18 billion.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.56%) this morning are down -6.00 points (-0.30%). The S&P 500 index on Tuesday closed lower: S&P 500 -0.26%, Dow Jones -0.15%, Nasdaq -0.09%. Bearish factors included (1) weakness in commodity producers after the price of copper fell to a 5-1/4 year low, (2) a slide in energy producers after crude oil fell to a 5-1/2 year low, and (3) a fall in homebuilders after KB Home slumped when it said its Q1 profit margins will contract.
Mar 10-year T-notes (ZNH15 +0.11%) this morning are up +4 ticks. Mar 10-year T-note futures prices on Tuesday posted a 2-3/4 month high and closed higher. Closes: TYH5 +15.50, FVH5 +9.00. Bullish factors included (1) the plunge in crude oil to a 5-1/2 year low that undercut inflation expectations as the U.S. 10-year breakeven inflation expectations rate dropped to a 4-1/4 year low, and (2) the slide in stocks that boosted the safe-haven demand for Treasuries.
The dollar index (DXY00 unch) this morning is down -0.024 (-0.03%). EUR/USD (^EURUSD) is down -0.0017 (-0.14%) at a fresh 9-year low. USD/JPY (^USDJPY) is down -0.96 (-0.81%). The dollar index on Tuesday closed higher: Dollar index +0.327 (+0.36%), EUR/USD -0.00611 (-0.52%), USD/JPY -0.419 (-0.35%). The main bullish factor for the dollar was weakness in EUR/USD which fell to a 9-year low on expectations for the ECB to expand stimulus after (1) ECB Executive Board member Coeure said the ECB is “in a position to take a decision on Jan 22,” and (2) ECB Governing Council member Nowotny said policy makers must treat the threat of deflation seriously and “we shouldn’t wait too long with a reaction.”
Feb WTI crude oil (CLG15 -0.31%) this morning is down -2 cents (-0.04%) and Feb gasoline (RBG15 -0.41%) is down -0.0030 (-0.24%). Feb crude oil and Feb gasoline on Tuesday closed lower as Feb crude posted a 5-1/2 year low and Feb gasoline slid to a 5-3/4 year low: CLG5 -0.18 (-0.39%), RBG5 -0.0061 (-0.48%). Bearish factors included (1) a stronger dollar, and (2) expectations for Wednesday’s weekly EIA crude inventories to climb +1.75 million bbl. Crude prices recovered from their worst levels on signs of strong Chinese demand after China Dec crude imports rose +19.5% m/m to a record 30.4 MMT.

GLOBAL EVENT CALENDAR01/14/2015

US	0700 ET	Weekly MBA mortgage applications, previous +11.1% with purchase sub-index +4.5% and refi sub-index +16.0%.
	0800 ET	Philadelphia Fed President Charles Plosser speaks on the economy and monetary policy at the Greater Philadelphia Chamber of Commerce.
	0830 ET	Dec retail sales expected -0.1% m/m and unch ex autos, Nov +0.7% and +0.5% ex autos.
	0830 ET	Dec import price index expected -2.7% m/m and -5.2% y/y, Nov -1.5% m/m and -2.3% y/y.
	1000 ET	Nov business inventories expected +0.3%, Oct +0.2%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $13 billion 30-year T-bonds.
	1400 ET	Fed Beige Book.
JPN	0100 ET	Japan Dec machine tool orders, Nov +36.6% y/y.
	1850 ET	Japan Dec PPI expected -0.3% m/m and +2.1% y/y, Nov -0.2% m/m and +2.7% y/y.
	1850 ET	Japan Nov machine orders expected +4.4% m/m and -6.3% y/y, Oct -6.4% m/m and -4.9% y/y.
EUR	0500 ET	Eurozone Nov industrial production expected unch m/m and -0.7% y/y, Oct +0.1% m/m and +0.7% y/y.
UK	1901 ET	UK Dec RICS house price balance expected 10%, Nov 13%.

U.S. STOCK CALENDAR01/14/2015

Company	Ticker	Time	Event Description	Period	Estimate
JPMorgan Chase & Co	JPM US	7:00	Q4 2014 Earnings Release	Q4 2014	1.316
Wells Fargo & Co	WFC US	8:00	Q4 2014 Earnings Release	Q4 2014	1.016
JPMorgan Chase & Co	JPM US	8:30	Q4 2014 Earnings Call	Q4 2014
CSX Corp	CSX US	8:30	Q4 2014 Earnings Call	Q4 2014
Wells Fargo & Co	WFC US	10:00	Q4 2014 Earnings Call	Q4 2014
Forest City Enterprises Inc	FCE/A US	10:00	Business Update Call
Mohawk Industries Inc	MHK US	11:00	Acquisition of IVC Group by Mohawk Industries, Inc Call
Linear Technology Corp	LLTC US	11:30	Q2 2015 Earnings Call	Q2 2015
Domino's Pizza Inc	DPZ US	12:30	Investor Day	Y 2015
Greif Inc	GEF US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.774
NRG Energy Inc	NRG US	19:00	Investor Meeting - Day 1	Y 2015