Sarepta Therapeutics - Chart of the Day

Sarepta Therapeutics (SRPT) is the Barchart Chart of the day.  The pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 16.60+ and gained 153.56% in the last year.

The Chart of the Day belongs to Serepta Therapeutics (SRPT).  I found the stock by using Barchart to sort the Russell 3000 Index stocks first for the highest technical buy signals then for a positive Weighted Alpha.  The Trend Spotter signaled another buy signal just yesterday.

Sarepta Therapeutics, Inc. focuses on the discovery and development of RNA-based therapeutics for the treatment of rare and infectious diseases. The Company's diverse pipeline includes its lead program eteplirsen, for Duchenne muscular dystrophy. Sarepta Therapeutics, Inc., formerly known as AVI BioPharma, Inc., is headquartered in Bothell, Washington.

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
• 61.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 14.55% in the last month
• Relative Strength Index 63.22%
• Barchart computes a technical support level at 33.22
• Recently traded at 36.69 with a 50 day moving average of 32.51

Fundamental factors:

• Market Cap $1.52 billion
• The Revenue and earnings estimated are not reliable because they are all over the place
• Wall Street analysts issued 6 strong buy, 2 buy and 6 hold recommendations on the stock

The 100 day moving avnlerages vs price has been a reliable technical trading strategy for this stock

Heron Therapeutics - Chart of the Day

Heron Therapeutics (HRTX) is the Barchart Chart of the Day.  The medical drug company has a Trend Spotter buy signal, a Weighted Alpha of 191.31+ and gained 276.57% in the last year.

The Chart of the Day is Heron Therapeutics (HRTX).  I found the medical drug stock by using Barchart to sort the Russell 3000 Index stocks first for the Barchart technical buy signals of 80% or better then for a positive Weighted Alpha.  Since the Trend Spotter signaled a buy on 8/11 the stock gained 16.76%.

Heron Therapeutics Inc. is a specialty pharmaceutical company. The company is developing products using its proprietary Biochronomer (TM) polymer-based drug delivery platform. Its product portfolio includes APF530, is being developed for the prevention of acute chemotherapy-induced nausea and vomiting. Heron Therapeutics Inc., formerly known as A.P. Pharma, Inc., is based in Redwood City, CA. 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 191.31+ Weighted Alpha Trend Spotter buy signal Above its 20, 30 and 100 day moving averages 3 new highs and up 9.47% in the last month Relative Strength Index 61.62% Barchart computes a technical support level at 32.81 Recently traded at 35.36 with a 50 day moving average of 32.14 Fundamental factors: Market Cap $1.22 billion Revenue estimates not given Earnings estimated to increase 1.40% this year, an additional 36.40% next year and continue to compound at an annual rate of 54.00% for the next 5 years Wall Street analysts issued 6 strong buy ratings on this stock The 20-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock. Under current market condition I am making no buy recommendations.  This post is meant to show you that even in choppy markets like the present Barchart can assist you in finding stocks trading against the tape.

Only 2 Mid Cap Stocks Made the Cut

Normally, I'd be posting the 5 Best Stock of the S&P 400 Mid Cap Index but only 2 met the criteria I require.

Making the cut were Guess (GES) and Acxiom (ACXM).

Guess (GES)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Weighted Alpha 3.60+
• Above its 20, 50 and 100 day moving averages
• 2 new highs and up 1.18% in the last month
• Relative Strength Index 61.63%
• Barchart computes a technical support level at 19.67
• Recently traded at 20.86 with a 50 day moving average of 18.65

Acxiom (ACXM)

Barchart technical indicators:

• 80% Barchart technical buy  signals
• Trend Spotter buy signal
• Weighted Alpha 17.80+
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 19.35% in the last month
• Relative Strength Index 63.62%
• Barchart computes a technical support level at 19.67
• Recently traded at 20.86 with a 50 day moving average of 18.65

THE NUMBERS DON'T ADD UP

Something I learned long ago was the Economy and the Stock Market are two very separate entities. Normally they correlate and we have an expanding economy and as stocks prices climb an expanding stock market capitalization and everyone is happy

I always try to be on the right side of the market by noticing if both the economy and stock market are expanding at the same time.  When one is expanding and the other is contracting I get worried.  When both are contracting I panic and sit out the next few dances.

On August 20  The Conference Board released their monthly  report on their Leading and Coincident Economic Indicators:  Conference Board LEI Press Release

In that report they said the Leading Economic Indicators DECLINED by 0.2%,

My proxy for the Stock Market is the Value Line Arithmetic Index, an unweighted index of the 1700 stocks followed by the Value Line Investment Survey which in aggregate contains over 95% of the entire US public companies' capitalization.

Look at this chart:

Look at these Barchart Technical indicators:

• 96% Barchart technical sell signals
• Trend Spotter sell signals
• Below its 20, 50 and 100 day moving averages
• Weighted Alpha Negative 10.07
• 12.65% off its 52 week high
• Relative Strength Index 31.41%
• 50-100 Day MACD Oscillator Sell signal

My interpretation of these numbers is the Economy is contracting and the Capitalization of the Stock Market is contracting.

I don't know about you but I'm comfortable with my cash position and will sit on the sideline till these two indicators reverse.

BARCHART MORNING CALL 8/27

BARCHART MORNING CALL

Thursday, August 27th, 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

September E-mini S&Ps (ESU15 +0.99%) are up +1.11% and European stocks are up +3.11% as a rally metals and crude oil buoyed mining and energy stocks. Emerging market stocks and currencies also gained as a rally in Chinese stocks improved overall market sentiment. Asian stocks closed higher: Japan +1.08%, Hong Kong +3.60%, China +5.34%, Taiwan +1.41%, Australia +1.17%, Singapore +2.52%, South Korea +0.54%, India +2.01%. China's Shanghai Composite swung from a loss of -0.7% to close up 5.34% in the final hour of trading and snapped a five-day losing streak after people familiar with the matter said the government intervened to boost stock prices. The Chinese government wants to stabilize equity prices and ensure that nothing detracts from a Sep 3 military parade that celebrates the 70th anniversary of the victory over Japan in WWII, according to people familiar with the matter.
The dollar index (DXY00 +0.30%) is up +0.37%. EUR/USD (^EURUSD) is down -0.17%. USD/JPY (^USDJPY) is up +0.21%.
Sep T-note prices (ZNU15 -0.02%) are little changed, up +0.5 of a tick.
Speaking at the Kansas City Fed's annual symposium in Jackson Hole, WY, Kansas City Fed President George said that it's "too soon" to tell whether recent market volatility is going to affect the U.S. economy and "what it means for monetary policy I think is not yet clear." As a result, the Fed will have to see what conditions look like at the time of the Sep FOMC meeting.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected -2,000 to 275,000, previous +4,000 to 277,000) and continuing claims (expected -7,000 to 2.247 million, previous -24,000 to 2.254 million), (2) revised Q2 GDP (expected +3.2% vs previous +2.3%), (3) July pending home sales (expected +1.0% m/m and +8.3% y/y, Jun -1.8% m/m and +11.1% y/y), (4) Aug Kansas City Fed manufacturing activity (expected +3 to -4, Jul +2 to -7), (5) the Treasury's auction of $29 billion of 7-year T-notes, (6) the annual Kansas City Fed symposium in Jackson Hole, WY.
There are 7 of the S&P 500 companies that report earnings today: Tiffany (consensus 0.91), JM Smucker (1.24), Patterson Cos (0.52), Dollar General (0.94), Signet Jewelers (1.15), Autodesk (0.17), Gamestop (0.24).
U.S. IPO's scheduled to price today include: none.
Equity conferences during the remainder of this week include: Pareto Healthcare Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Dollar General (DG +4.04%) reported Q2 EPS of 95 cents, better than consensus of 94 cents.
JM Smucker (SJM +2.15%) reported Q1 EPS of $1.32, higher than consensus of $1.24.
Tiffany & Co. (TIF +3.96%) reported Q2 EPS of 86 cents, below consensus of 91 cents.
Signet Jewelers Ltd. (SIG +3.17%) reported Q2 EPS of 78 cents, well below consensus of $1.15.
Patterson Cos. (PDCO +3.72%) reported Q1 EPS of 32 cents, weaker than consensus of 52 cents.
BofA/Merrill Lynch added AutoZone (AZO +2.66%) to the U.S. 1 List and maintained its 'Buy' rating and $865 price target on the stock.
Stifel upgraded Kansas City Southern (KSU +3.39%) to 'Hold' from 'Sell.'
The Financial TImes reports that Abbott Labs (ABT +2.52%) is prepping a $25 billion takeover offer for St. Jude Medical (STJ +1.58%) .
Stifel upgraded CSX (CSX +4.19%) to 'Buy' from 'Hold' with a price target of $35.
Waters (WAT +5.00%) was initiated with a 'Buy' at Cantor with a price target of $163.
Illumina (ILMN +3.20%) was initiated with a 'Buy' at Cantor with a price target of $265.
Williams-Sonoma (WSM +2.53%) fell over 3% in after-hours trading after it reported Q2 EPS of 58 cents, right on consensus, but then lowered guidance on fiscal 2015 EPS to $3.35-$3.45, below consensus $3.48.
Guess (GES +7.30%) dropped over 6% in after-hours trading after it reported Q2 EPS of 21 cents, above consensus of 15 cents, but then lowered guidance on Q3 EPS to 8 cents-12 cents, below consensus of 18 cents.
Avago (AVGO +7.09%) reported Q3 EPS of $2.24, higher than consensus of $2.14.
PVH Corp. (PVH +2.03%) climbed over 3% in after-hours trading after it reported Q2 adjusted EPS of $1.37, better than consensus of $1.29.

MARKET COMMENTS

Sep E-mini S&Ps (ESU15 +0.99%) this morning are up +21.50 points (+1.11%). Wednesday's closes: S&P 500 +3.90%, Dow Jones +3.95%, Nasdaq +5.06%. The S&P 500 on Wednesday closed sharply higher on (1) signs of strength in the U.S. economy after Jul capital spending rose +2.2%, stronger than expectations of +0.3% and the biggest increase in 13 months, (2) increased M&A activity after Schlumberger agreed to buy Cameron for $14.8 billion, and (3) reduced chances of a Fed rate hike next month after New York Fed President Dudley said the recent turmoil in global financial markets makes the case for a Fed interest rate increase next month "less compelling."
Sep 10-year T-notes (ZNU15 -0.02%) this morning are up +0.5 of a tick. Wednesday's closes: TYU5 -4.00, FVU5 +1.25. Sep T-notes on Wednesday closed lower on reduced safe-haven demand after the sharp rally in stocks and on weak demand for the Treasury's $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of only 2.34, the lowest in 6 years. T-notes found support on dovish comments from New York Fed President Dudley who said that recent global turmoil has made the case for a Fed rate hike In Sep "less compelling."
The dollar index (DXY00 +0.30%) this morning is up +0.350 (+0.37%). EUR/USD (^EURUSD) is down -0.0019 (-0.17%). USD/JPY (^USDJPY) is up +0.25 (+0.21%). Wednesday's closes: Dollar Index +0.570 (+0.60%), EUR/USD -0.02025 (-1.76%), USD/JPY +1.074 (+0.90%). The dollar index on Wednesday closed higher on the stronger-than-expected U.S. Jul durable goods orders report, which bolstered the outlook for U.S. economic growth. In addition, there was weakness in EUR/USD on speculation the ECB may expand stimulus measures after ECB Executive Board member Praet said that downside risks to the ECB's inflation goal have increased.
Oct crude oil (CLV15 +3.94%) this morning is up +$1.78 a barrel (+4.81%) and Oct gasoline (RBV15 +5.36%) is up +0.0775 (+6.30%). Wednesday's closes: CLV5 -0.71 (-1.81%), RBV5 -0.0444 (-3.43%). Oct crude and gasoline on Wednesday closed lower with Oct gasoline at a 7-month low. Crude oil prices were hurt by the stronger dollar, an unexpected +1.66 million bbl increase in weekly EIA gasoline inventories (vs expectations of -950,000 bbl), and the +1.44 million build in EIA distillate supplies to a 3-3/4 year high. Crude prices recovered from their worst levels after EIA crude stockpiles unexpectedly fell -5.45 million bbl to a 5-1/2 month low versus expectations for a +2.0 million bbl increase.

GLOBAL EVENT CALENDAR08/27/2015

US	0830 ET	Weekly initial unemployment claims expected -2,000 to 275,000, previous +4,000 to 277,000. Weekly continuing claims expected -7,000 to 2.247 million, previous -24,000 to 2.254 million.
	0830 ET	Revised Q2 GDP expected +3.2% (q/q annualized), previous +2.3%. Revised Q2 personal consumption expected +3.0%, previous +2.9%. Revised Q2 GDP price index, previous +2.0%. Revised Q2 core PCE deflator, previous +1.8% q/q.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Jul pending home sales expected +1.0% m/m and +8.3% y/y, Jun -1.8% m/m and +11.1% y/y.
	1100 ET	Aug Kansas City Fed manufacturing activity expected +3 to -4, Jul +2 to -7.
	1300 ET	Treasury auctions $29 billion of 7-year T-notes.
	n/a	Annual Kansas City Fed symposium in Jackson Hole, WY.
GER	0200 ET	German Jul import price index expected -0.3% m/m and -1.4% y/y, Jun -0.5% m/m and -1.4% y/y.
UK	0200 ET	UK Aug nationwide house prices expected +0.4% m/m and +3.1% y/y, Jul +0.4% m/m and +3.5% y/y
	1905 ET	UK Aug GfK consumer confidence expected unch at 4.
EUR	0400 ET	Eurozone Jul M3 money supply expected +4.9% y/y and +5.0% 3-mo avg, Jun +5.0% y/y and +5.1% 3-mo avg.
JPN	1930 ET	Japan Jul jobless rate expected unch at 3.4%. Jul job-to-applicant ratio expected unch at 1.19.
	1930 ET	Japan Jul overall household spending expected +0.5% y/y, Jun -2.0% y/y.
	1930 ET	Japan Jul national CPI expected +0.2% y/y, Jun +0.4% y/y. Jul national CPI ex-fresh food expected -0.2% y/y, Jun +0.1% y/y. Jul national CPI ex food & energy expected +0.6% y/y, Jun +0.6% y/y.
	1930 ET	Japan Aug Tokyo CPI expected +0.1% y/y, Jul +0.2% y/y. Aug Tokyo CPI ex-fresh food expected -0.2% y/y, Jul -0.1% y/y. Aug Tokyo CPI ex food & energy expected +0.3% y/y, Jul +0.3% y/y.
	1950 ET	Japan Jul retail sales expected +0.6% m/m and +1.1% y/y, Jun -0.6% m/m and +1.0% y/y.
CHI	2130 ET	China Jul industrial profits, Jun -0.3% y/y.

U.S. STOCK CALENDAR08/27/2015

Company	Ticker	Time	Event Description	Period	Estimate
JM Smucker Co/The	SJM US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.24
Tiffany & Co	TIF US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.909
Patterson Cos Inc	PDCO US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.522
Dollar General Corp	DG US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.941
Signet Jewelers Ltd	SIG US	7:00	Q2 2016 Earnings Release	Q2 2016	1.15
JM Smucker Co/The	SJM US	8:30	Q1 2016 Earnings Call	Q1 2016
Tiffany & Co	TIF US	8:30	Q2 2016 Earnings Call	Q2 2016
Signet Jewelers Ltd	SIG US	8:30	Q2 2016 Earnings Call	Q2 2016
PVH Corp	PVH US	9:00	Q2 2016 Earnings Call	Q2 2016
Patterson Cos Inc	PDCO US	10:00	Q1 2016 Earnings Call	Q1 2016
Dollar General Corp	DG US	10:00	Q2 2016 Earnings Call	Q2 2016
Intel Corp	INTC US	12:00	Investor Day	Y 2015
Autodesk Inc	ADSK US	17:00	Q2 2016 Earnings Call	Q2 2016
GameStop Corp	GME US	17:00	Q2 2016 Earnings Call	Q2 2016
Autodesk Inc	ADSK US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.173
GameStop Corp	GME US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.241
Equifax Inc	EFX US		Investor Meeting - Los Angeles	Y 2015
Amgen Inc	AMGN US		PDUFA, evolocumab, dyslipidemia
United Parcel Service Inc	UPS US		Roadshow - Toronto	Y 2015

Calavo Growers - Chart of the Day

Calavo Growers (CVGW) is the Barchart Chart of the Day.  The agricultural services company has a Trend Spotter buy signal, a Weighted Alpha of 54.90+, gained 56.03% in the last year and paid a 1.37% dividend.

The Chart of the Day belongs to Calavo Growers (CVGW).  I found the agricultural services stock by using Barchart to sort the Russell 3000 Index stocks first for Barchart technical buy signals of 80% or better, then again for a positive Weighted Alpha.  Since the Trend Spotter signaled a buy on 7/20 the stock gained 16.42%.

Calavo Growers, Inc. engages in the procurement and marketing of avocados and other perishable foods and the preparation and distribution of processed avocado products. Their expertise in marketing and distributing avocado, processed avocado, and other perishable foods allows them to deliver a wide array of fresh and processed food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis.

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
• 54.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 12.58% in the last month
• Relative Strength Index 72.98%
• Barchart computes a technical support level at 53.75
• Recently traded at 59.62 with a 50 day moving average of 53.75

Fundamental factors:

• Market Cap $1.03 billion
• P/E 32.12
• Dividend yield 1.37%
• Revenue expected to grow 17.20% this year and another 15.60% next year
• Earnings estimated to increase 33.80% this year, an additional 14.90% next year and continue to compound at an annual rate of 10.00% for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy and 2 hold recommendations on the stock

The price vs.  the 100 day moving averages have been the most successful trading strategy for this stock.

Remember these are not buy rating but are an example of a stock fighting the tape.

No S&P 500 Large Cap Pick Today

Each week I rotate through the S&P 500 Large Cap, S&P 400 Mid Cap, S&P 600 Small Cap, NASDAQ 100 and Russell 3000 stocks to give you the 5 Best Stocks of the Day from those screenings.  NOT TODAY!

I use a very strict technical analysis selection process:

• Positive Weighted Alpha
• Barchart technical buy signals of 80% or better based on Barchart's 13 technical indicators
• Buy signal on 50-100 Day MACD Oscillator
• Buy signal Trend Spotter
• 50%+  14 Day Relative Strength Index
• Positive 1,3 and 6 month price change
• Not more than 10% off of 52 week high

At the time of my screening process the was not a single S&P 500 Large Cap stock that passed the test.

My advice is to sit it out, keep your powder dry and wait for the market to strengthen.

Maybe tomorrow but I have no crystal ball.

ETFs that mirror those indexes IVV, IJH, IJR, QQQ, UWC

BARCHART MORNING CALL 8/26

BARCHART MORNING CALL

Wednesday, August 26th, 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

September E-mini S&Ps (ESU15 +1.87%) are up +1,76% on increased M&A activity after Schlumberger Ltd. agreed to buy Cameron for $14.8 billion. Strength in technology stocks is another positive with Google up over 3% in pre-market trading after Goldman Sachs upgraded the stock to 'Conviction Buy.' European stocks are down -1.00% as they followed Chinese stocks lower after China's Shanghai Composite erased a gain of almost 4% to close down over 1%. Miners and energy producers are leading losses in European stocks with the price of copper (HGU15 -2.62%) down -2.70% and with Transocean Ltd. down 10% in pre-market trading after the company said it may quit paying a dividend. Asian stocks closed mixed: Japan +3.20%, Hong Kong -1.52%, China -1.27%, Taiwan +0.52%, Australia +0.69%, Singapore -0.46%, South Korea +2.08%, India -1.22%. China's Shanghai Composite erased an early rally and closed down at an 8-1/4 month low despite Tuesday's action by the PBOC to cut interest rates. The Chinese government has halted intervention in the equity market this week which has prompted liquidation of stocks from margin traders. China's margin debt has plunged by 1 trillion yuan ($156 billion) to 1.25 trillion yuan on Monday from a record high 2.27 trillion yuan on Jun 18. Japan's Nikkei Stock Index recovered from a 6-1/4 month low and closed higher on bargain hunting and increased M&A activity after Nippon Life Insurance agreed to buy Mitsui Life Insurance for 400 billion yen ($2.5 billion).

The dollar index (DXY00 +0.07%) is up +0.02%. EUR/USD (^EURUSD) is down -0.82% after comments from ECB Executive Board member Praet signal the ECB may boost its stimulus measures when he said the downside risks to the ECB's inflation goal have increased. USD/JPY (^USDJPY) is up +0.63%.

Sep T-note prices (ZNU15 +0.18%) are up +9 ticks.

ECB Executive Board member Praet said that "recent developments in the world economy and commodity markets have increased the downside risk of achieving the sustainable inflation path towards 2.0%" and there should be "no doubt that the ECB will act if needed."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +3.6% with purchase sub-index -1.1% and refi sub-index +7.2%), (2) July durable goods orders (expected -0.4% and +0.4% ex-transportation, Jun +3.4% and +0.6% ex transportation), (3) New York Fed President William Dudley's responds to questions after a press briefing on the local and regional economy, (4) the Treasury's auction of $35 billion of 5-year T-notes and $13 billion of 2-year floating rate notes.

There are 5 of the Russell 1000 companies that report earnings today: Brown-Forman (consensus $0.75), Williams-Sonoma (0.58), PVH (1.29), Avago Technologies (2.14), Workday (-0.06).

U.S. IPO's scheduled to price today include: none.

Equity conferences during the remainder of this week include: 9th Annual South East Asia Australia Offshore & Onshore Conference on Tue-Wed, 9th Annual Mining the Territory Conference on Wed, Pareto Healthcare Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN +0.65%) was upgraded to 'Buy' from 'Hold' at Evercore ISI.

Best Buy (BBY +12.57%) was upgraded to 'Strong Buy' from 'Market Perform' at Raymond James.

Express (EXPR +1.14%) reported Q2 EPS of 25 cents, higher than consensus of 16 cents.

BHP Billiton (BHP +2.30%) was upgraded to 'Sector Perform' from 'Underperform' at RBC Capital.

Healthcare Trust (HTA -3.40%) and Healthcare Realty Trust (HR -2.56%) were both upgraded to 'Buy' from 'Hold' at Stifel.

Cooper Companies (COO -0.33%) were upgraded to 'Overweight' from 'Sector Weight' at KeyBanc.

Schlumberger (SLB -1.83%) agreed to acquire Cameron (CAM -0.96%) in deal valued at $14.8 billion.

Google (GOOG -1.28%) rose over 3% in pre-market trading after Goldman Sachs upgraded the stock to 'Conviction Buy' from 'Neutral.'

Transocean (RIG -0.49%) fell over 5% in pre-market trading after it announced that the company will convene an extraordinary general meeting of shareholders on October 29 to discuss the possible cancellation of the Q3 and Q4 installments of its annual dividend.

Oshkosh Defense (OSK +1.53%) jumped over 10% in after-hours trading after it said it was awarded a $6.7 billion contract with the U.S. Army to manufacture 17,000 Joint Light Tactical Vehicles.

Jack Henry (JKHY -0.11%) reported Q4 EPS of 75 cents, higher than consensus of 67 cents.

Dycom (DY +1.57%) reported Q4 non-GAAP EPS of 97 cents, well above consensus of 83 cents.

NextEra Energy Partners (NEP -7.28%) was initiated with an 'Outperform' at Baird with a price target of $43.

Solera (SLH +1.09%) reported Q4 adjusted EPS of 81 cents, better than consensus of 80 cents.

CBRE Group (CBG -2.77%) was initiated with a 'Buy' at Sterne Agee CRT wit a price target of $42.

MARKET COMMENTS

Sep E-mini S&Ps (ESU15 +1.87%) this morning are up +33.00 points (+1.76%). Tuesday's closes: S&P 500 -1.35%, Dow Jones -1.29%, Nasdaq -0.55%. The S&P 500 rallied sharply early Tuesday but erased the advance and closed lower. Stocks fell on concern that the slowdown in China may be worse than expected and that even Tuesday's Chinese rate cut will not be enough to spur growth. Stocks rallied early Tuesday on China's fifth rate cut in nine months and on the +10.5 point jump in the U.S. Aug consumer confidence (Conference Board) to 101.5, stronger than expectations of +3.5 to 93.4 and the highest in 7 months.

Sep 10-year T-notes (ZNU15 +0.18%) this morning are up +9 ticks. Tuesday's closes: TYU5 -1-4.5/32, FVU5 -17.25. Sep T-notes on Tuesday closed sharply lower on (1) reduced safe-haven demand for T-notes as global stock markets rallied sharply on the Chinese rate cut, and (2) the large-than-expected increase in U.S. Aug consumer confidence to a 7-month high.

The dollar index (DXY00 +0.07%) this morning is up +0.020 (+0.02%). EUR/USD (^EURUSD) is down -0.0094 (-0.82%). USD/JPY (^USDJPY) is up +0.75 (+0.63%). Tuesday's closes: Dollar Index +1.198 (+1.286%), EUR/USD -0.01019 (-1.02%), USD/JPY +0.432 (+0.36%). The dollar index on Tuesday closed higher on reduced safe-haven demand for the yen as USD/JPY and global stock markets rallied sharply after China cut interest rates. EURUSD saw weakness on speculation the ECB may expand stimulus measures after ECB Vice President Constancio said medium-term inflation risks in the Eurozone are "very low" and the ECB may respond to any material change to the outlook for price stability.

Oct crude oil (CLV15 +0.46%) this morning is up +13 cents (+0.33%) and Oct gasoline (RBV15 -1.93%) is down -0.0295 (-2.28%). Tuesday's closes: CLV5 +1.07 (+2.80%), RBV5 -0.0103 (-0.79%). Oct crude and gasoline on Tuesday settled mixed. Crude oil prices received a boost from the Chinese rate cut, which may help revive China's economic growth and energy demand, and from the larger-than-expected jump in U.S. Aug consumer confidence to a 7-month high. Negative factors included a stronger dollar, weakness in gasoline after BP restarted its 235,000 bpd refinery in Whiting, IN, and expectations that Wednesday's EIA crude inventories report will show an increase of +2.0 million bbl.

GLOBAL EVENT CALENDAR08/26/2015

US	0700 ET	Weekly MBA mortgage applications, previous +3.6% with purchase sub-index -1.1% and refi sub-index +7.2%.
	0830 ET	Jul durable goods orders expected -0.4% and +0.4% ex-transportation, Jun +3.4% and +0.6% ex transportation. Jul capital goods new orders non-defense ex-aircraft & parts expected +0.3%, Jun +0.7%.
	1000 ET	New York Fed President William Dudley answers questions after a press briefing on the local and regional economy.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $13 billion of 2-year floating rate notes.
	1300 ET	Treasury auctions $35 billion of 5-year T-notes.
UK	0600 ET	UK Aug CBI reported sales expected -3 to 18, Jul 21.

U.S. STOCK CALENDAR08/26/2015

Company	Ticker	Time	Event Description	Period	Estimate
Brown-Forman Corp	BF/B US	8:00	Q1 2016 Earnings Release	Q1 2016	0.746
Jack Henry & Associates Inc	JKHY US	8:45	Q4 2015 Earnings Call	Q4 2015
Brown-Forman Corp	BF/B US	10:00	Q1 2016 Earnings Call	Q1 2016
Williams-Sonoma Inc	WSM US	17:00	Q2 2016 Earnings Call	Q2 2016
Avago Technologies Ltd	AVGO US	17:00	Q3 2015 Earnings Call	Q3 2015
Workday Inc	WDAY US	17:00	Q2 2016 Earnings Call	Q2 2016
PVH Corp	PVH US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.288
Williams-Sonoma Inc	WSM US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.578
Avago Technologies Ltd	AVGO US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.138
Workday Inc	WDAY US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.056
Equifax Inc	EFX US		Investor Meeting - Denver	Y 2015
Xcel Energy Inc	XEL US		Analyst/Investor Meeting	Y 2015
Under Armour Inc	UA US		Extraordinary Shareholders Meeting	Y 2015

BioTelemetry - Chart of the Day

BioTelemetry (BEAT) formerly Cardionet is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 106.10+ and gained 101.40% in the last year.

The Chart of the Day belongs to BioTelemetry (BEAT) formerly known as Cardionet.  I found the medical services stock by sorting the Russell 3000 Index stocks first for the highest Weighted Alpha then for Barchart technical buy signals of 80% of better.  Since the Trend Spotter signaled a buy on 7/9 the stock gained 42.30%.

BioTelemetry, Inc. provides ambulatory outpatient management solutions for monitoring clinical information regarding an individual's health. It is focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders. BioTelemetry, Inc., formerly known as CardioNet, Inc., is headquartered in Conshohocken, Pennsylvania.

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
• 106.10+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 29.67% in the last month
• Relative Strength Index 76.27
• Barchart computes a technical support level at 11.54 
• Recently traded at 14.42 with a 50 day moving average of 11.10

Fundamental factors:

• Market Cap $389.52 million
• P/E 47.21
• Revenue expected to grow 9.30% this year and another 10.40% next year
• Earnings estimated to increase 310.00% this year, and an additional 34.10% next year
• Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock.

The 100 day moving average vs price has been the most effective technical trading strategy for this stock but has also resulted in an excessive number of traded.  A moving stop loss 20% below the most recent high might work out better for most investors.

PLEASE NOTE:  The Chart of the Day is not a buy recommendation.  Even when the market is in turmoil if you screen 3000 stocks for positive momentum attributes you will always come up with a few stocks that fight even the most negative market momentum.

Today I'd like to introduce you to an all investment fund

Sym	Name	Last	Weighted Alpha	Today's Opinion	50-100 Day MACD Osc	Trend Spotter	14-Day Rel Str	1-Month Percent	3-Month Percent	6-Month Percent	12-Month % High	Links
$VLA	Value Line Index	4,239.98	-12.23	100% Sell	Sell	Sell	20.10%	-7.95%	-13.14%	-12.41%	-14.15%
$RUA	Russell 3000 Index	1,143.85	-9.46	100% Sell	Sell	Sell	18.49%	-8.94%	-11.04%	-10.42%	-11.45%
IVV	S&P 500 Index Ishare	193.24	-7.82	96% Sell	Sell	Sell	25.74%	-7.63%	-9.87%	-9.32%	-10.19%
IJH	S&P Midcap 400 Index	137.59	-7.54	96% Sell	Sell	Sell	24.68%	-6.63%	-10.63%	-9.11%	-11.29%
IJR	S&P Smallcap 600 Ind	107.57	-6.17	96% Sell	Sell	Sell	24.57%	-6.68%	-8.92%	-8.06%	-12.05%
IWC	Russell Microcap Ind	71.39	-7.88	100% Sell	Sell	Sell	20.62%	-8.97%	-10.14%	-8.92%	-15.60%
QQQ	Powershares QQQ	100.84	-2.80	72% Sell	Buy	Sell	29.23%	-9.23%	-8.71%	-6.90%	-11.84%
ICF	Realty Majors Cohen	90.63	-3.69	56% Sell	Sell	Sell	30.65%	-3.59%	-5.56%	-9.37%	-15.58%
JNK	SPDR High Yield Bond	36.58	-12.15	96% Sell	Sell	Sell	27.66%	-2.92%	-7.11%	-7.81%	-11.75%
EFA	EAFE Index MSCI Isha	59.09	-13.42	100% Sell	Sell	Sell	27.75%	-7.59%	-13.15%	-9.52%	-13.82%
BKF	BRIC Index MSCI Isha	29.94	-30.32	96% Sell	Sell	Sell	30.32%	-13.24%	-26.11%	-18.42%	-28.82%
EEM	Emrg Mkts Index MSCI	32.45	-31.36	96% Sell	Sell	Sell	27.80%	-12.47%	-24.10%	-20.41%	-29.25%
FM	MSCI Frontier 100	25.74	-33.21	100% Sell	Sell	Sell	31.70%	-8.02%	-15.05%	-17.00%	-34.22%
OIL	S&P GSCI Crude Oil	7.17	-69.54	96% Sell	Sell	Sell	23.01%	-23.63%	-41.04%	-35.99%	-69.11%
IAU	Gold Trust Ishares	11.01	-10.80	16% Buy	Sell	Buy	57.41%	+3.77%	-5.41%	-5.49%	-12.89%