Intuitive Surgical - Chart of the Day

Intuitive Surgical (ISRG) is the Barchart Chart of the Day.  The surgical appliance company has a Trend Spotter buy signal, a Weighted Alpha of 14.00+ and gained 7.36% in the last year.

The Chart of the Day belongs to Intuitive Surgical (ISRG).  I found the surgical appliance stock by using Barchart's new 52 week high list and sorting for technical buy signals.  I then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/14 the stock gained 1.54%.

Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon's natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 4.18% in the last month
• Relative Strength Index 68.03%
• Technical support level at 534.11
• Recently traded at 566.11 with a 50 day moving average of 530.90

Fundamental factors:

• Market Cap $20.96 billion
• P/E 36.27
• Revenue expected to grow 8.90% this year and another 10.30% next year
• Earnings estimated to increase 5.00% this year, 12.60% next year and continue to compound at an annual rate of 14.07% for the next 5 years
• Wall Street analysts issued 9 strong buy, 6 buy and 5 hold recommendations on the stock

This really isn't a trading stock and should be held until the momentum subsides.

Barchart Van Meerten Speculative Portfolio Changes

This past week I made some deletions to the Speculative Portfolio.  These were not all out sells to dump stocks.  I watch to see if the stock is trading below its 20, 50 and 100 day moving averages and if it has dropped 10% off its recent high.  Another indicator is the 50-100 Day MACD Oscillator.

I watch and evaluate each stock on an individual basis.  I come back in when I think market conditions are right for upside potential.  Usually that is when at least 50% of all the stocks in the Barchar database are trading above their 20 and 50 day moving averages.

As I am writing this article only 15.45% are above their 20 DMA and only 12.44% are above their 50 DMA.

I own:

• FSRL First Reliance Bank
• FNRN First Northern Comm Bank
• STBMY St Babara

I sold:

• ABCD Cambian Learning
• AXTI AXT
• BOCH Bank of Commerce
• CACD Cascade Bancorp
• CNTY Century Casinos
• EVSNF Eglit Vision Systems
• GROC Gradac Favo AD Kladovo
• IFAN IFAN Financial
• JE Just Energy
• MPUFC Monte Porcupine Mining
• ONVC OnLine Vacations
• PGNT Paragon Tech
• PRMO Primo Water
• SCMR Sycamore Networks
• SGSVF Sabina G&S

Barchart Van Meerten New High Portfolio Changes

In the past week I trimmed out the stocks that weren't performing but decided not to replace any positions until I see some stability in the market.  As of last night:

I owned:

• NJR New Jersey Resources
• CUBE CubeSmart

Trimmed in the past week:

• FIZZ National Beverage
• GPN Global Payments
• NCLH Norwegian Cruise Lines
• OMI Owens & Minor
• SIGI Selective Insurance
• SNX Synnex
• TBK Triumph Bancorp
• TOWN Towne Bank
• VII Vicon Industries
• XRS Tal Education Group

MORNING CALL 1/22

MORNING CALL

Friday, January 22nd, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +1.44%) are up sharply by +1.48% and European stocks are up +2.75% on speculation central banks around the world will act to support the global economy. ECB President Draghi on Thursday hinted at expanding stimulus at next month's ECB meeting, while the Nikkei Asian Review reported today that the BOJ is considering additional easing at next week's BOJ meeting. Energy producers and mining stocks are higher with Chevron and Freeport-McMoRan both up over 2% in pre-market trading as the price of crude oil and copper rallied. Asian stocks settled higher: +5.88%, Hong Kong +2.90%, China +1.25%, Taiwan +1.20%, Australia +1.07%, Singapore +1.75%, South Korea +2.23%, India +1.98%. Chinese stocks rallied on speculation of further stimulus by the PBOC after China's vice president Li Yuanchao said the government is willing to intervene to tap down market volatility, while Japanese stocks surged as the yen fell to a 1-week low against the dollar, which boosted exporters.

The dollar index is up +0.22%. EUR/USD is down -0.39%. USD/JPY is up +0.41% at a 1-week high as he rally in global equities reduces the safe-haven demand for the yen.

Mar T-note prices are down -14.5 ticks.

The Nikkei Asian Review reported that the BOJ is considering steps to counter the hit to inflation from the recent plunge in crude oil. The BOJ meets on Jan 28-29 and the report bolsters speculation the BOJ will expand easing measures.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Dec Chicago Fed national activity index (expected +0.15 to -0.15, Nov -0.13 to -0.30), (2) Markit preliminary-Jan U.S. manufacturing PMI (expected -0.2 to 51.0, Dec -1.6 to 51.2), (3) Dec existing home sales (expected +9.2% to 5.20 million, Nov -10.5% to 4.76 million), and (4) Dec leading indicators (expected -0.1%, Nov +0.4%).

There are 6 of the S&P 500 companies that report earnings today: GE (consensus $0.49), Kansas City Southern (1.10), SunTrust Banks (0.87), Synchrony Financial (0.63), Rockwell Collins (1.04), Legg Mason (0.70).

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

Equity conferences during the remainder of this week: none.

OVERNIGHT U.S. STOCK MOVERS

Schlumberger (SLB +0.64%) gained almost 4% in pre-market trading after it reported Q4 adjusted EPS of 65 cents, better than consensus of 63 cents.

MetLife (MET +1.16%) was upgraded to 'Strong Buy' from 'Market Perform' at Raymond James with a 12-month price target of $56.

Dr Pepper Snapple (DPS -0.28%) was upgraded to 'Ourperform' from 'Underperform' at CLSA.

Boeing (BA +1.03%) fell over 1% in after-hours trading after it said it will cut its 747 production rate to 0.5/month from a planned 1.0/month.

Starbucks (SBUX +3.71%) fell over 3% in after-hours trading after it reported Q1 revenue of $5.37 billion, below consensus of $5.39 billion.

Maxim Integrated (MXIM -0.42%) rose nearly 2% in after-hours trading after it reported fiscal year Q2 revenue of $510.8 million, above consensus of $505.1 million.

Intuitive Surgical (ISRG +0.19%) climbed almost 1% in after-hours trading after it reported Q4 adjusted EPS of $5.89, well above consensus of $5.04.

American Express (AXP -0.62%) slipped over 4% in after-hours trading after it said it is targeting 2017 fiscal EPS at least $5.60, less than estimates of $5.96.

ResMed (RMD +0.52%) rose over 1% in after-hours trading after it reported Q2 adjusted EPS of 69 cents, higher than consensus of 66 cents.

Digi International (DGII +0.48%) fell over 9% in after-hours trading after it lowered guidance on Q2 profit continuing operations to 3 cents-7 cents, below consensus of 9 cents.

E*Trade Financial (ETFC -0.12%) dropped nearly 3% in after-hours trading after it reported total Q4 net revenue of $454 million, below consensus of $454.5 million.

8x8 Inc. (EGHT +1.27%) jumped over 5% in after-hours trading after it reported Q3 adjusted EPS of 5 cents, higher than consensus of 3 cents.

Cardiovascular Systems (CSII -2.35%) slumped over 20% in after-hours trading after it lowered guidance on Q3 revenue to $40.5 million-$42.0 million, below consensus of $45.8 million.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 +1.44%) this morning are up sharply by +27.50 points (+1.48%). Thursday's closes: S&P 500 +0.52%, Dow Jones +0.74%, Nasdaq +0.15%. The S&P 500 on Thursday closed higher on strength in energy producers as crude oil prices rose and on carryover support from a rally in European equities after ECB President Draghi said that downside risks have increased and the ECB may need to boost stimulus measures at next month's policy meeting. On the bearish side, U.S. weekly jobless claims unexpectedly rose +10,000 to a 6-1/4 month high of 293,000, indicating a weaker labor market than expected.

Mar 10-year T-notes (ZNH16 -0.35%) this morning are down -14.5 ticks. Thursday's closes: TYH6 -6.50, FVH6 -2.00. Mar T-notes on Thursday closed lower on a rebound in stock prices that reduced safe-haven demand for T-notes. T-notes saw support from (1) carryover support from a rally in German bunds to a 2-3/4 month high after ECB President Draghi hinted at additional stimulus at next month's ECB meeting, and (2) the unexpected increase in U.S. weekly jobless claims to a 6-1/4 month high.

The dollar index (DXY00 +0.26%) this morning is up +0.214 (+0.22%). EUR/USD (^EURUSD) is down -0.0042 (-0.39%). USD/JPY (^USDJPY) is up +0.48 (+0.41%) at a 1-week high. Thursday's closes: Dollar Index -0.035 (-0.04%), EUR/USD -0.0016 (-0.15%), USD/JPY +0.76 (+0.65%). The dollar index on Thursday jumped to a 1-1/2 month high but fell back and closed little changed. The dollar received a boost as EUR/USD fell to a 2-week low on signs the ECB may expand stimulus after ECB President Draghi said that "downside risks have increased" and that the ECB will consider its options at next month's policy meeting. Meanwhile, USD/JPY saw some reduced safe-haven demand for the yen after the stock market rallied.

Mar crude oil (CLH16 +4.94%) this morning is up +$1.58 a barrel (+5.35%) and Mar gasoline (RBH16 +4.08%) is up +0.0477 (+4.52%). Thursday's closes: CLH6 +1.50 (+5.29%), RBH6 +0.0201 (+1.93%). Mar crude oil and gasoline on Thursday closed higher on comments from ECB President Draghi who said the ECB may bolster stimulus measures next month and on short-covering after crude oil prices plunged by over 22% in the past 2 weeks. Crude oil prices were undercut by the +3.98 million bbl increase in weekly EIA crude inventories, more than expectations of +2.5 million bbl, and the +4.563 million bbl increase in EIA gasoline supplies to a 15-3/4 year high of 245 million bbl.

GLOBAL EVENT CALENDAR01/22/2016

US	0830 ET	Dec Chicago Fed national activity index expected +0.15 to -0.15, Nov -0.13 to -0.30.
	0830 ET	USDA weekly Export Sales.
	0945 ET	Preliminary U.S. Jan Markit manufacturing PMI expected -0.2 to 51.0, Dec -1.6 to 51.2.
	1000 ET	Dec existing home sales expected +9.2% to 5.20 million, Nov -10.5% to 4.76 million.
	1000 ET	Dec leading indicators expected -0.1%, Nov +0.4%.
	1500 ET	USDA Dec Cold Storage.
	1500 ET	USDA Jan Cattle on Feed.
GER	0330 ET	German Jan Markit/BME manufacturing PMI expected -0.2 to 53.0, Dec 53.2.
	0330 ET	German Jan Markit services PMI expected -0.5 to 55.5, Dec 56.0.
EUR	0400 ET	Eurozone Jan Markit manufacturing PMI expected -0.2 to 53.0, Dec 53.2. Jan Markit composite PMI expected 0.2 to54.1.
UK	0430 ET	UK Dec retail sales ex auto fuel expected -0.3% m/m and +3.5% y/y, Nov +1.7% m/m and +3.9% y/y.
	0430 ET	UK Dec retail sales including auto fuel expected -0.3% m/m and +4.4% y/y, Nov +1.7% m/m and +5.0% y/y.
	0430 ET	UK Dec public sector net borrowing expected +10.0 billion pounds, Nov +13.6 billion pounds.

U.S. STOCK CALENDAR01/22/2016

Company	Ticker	Time	Event Description	Period	Estimate
General Electric Co	GE US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.494
Kansas City Southern	KSU US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	1.101
SunTrust Banks Inc	STI US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.867
Synchrony Financial	SYF US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.633
Rockwell Collins Inc	COL US	6:30	Q1 2016 Earnings Release	Q1 2016	1.044
Legg Mason Inc	LM US	7:00	Q3 2016 Earnings Release	Q3 2016	0.7
SunTrust Banks Inc	STI US	8:00	Q4 2015 Earnings Call	Q4 2015
General Electric Co	GE US	8:30	Q4 2015 Earnings Call	Q4 2015
Legg Mason Inc	LM US	8:30	Q3 2016 Earnings Call	Q3 2016
Synchrony Financial	SYF US	8:30	Q4 2015 Earnings Call	Q4 2015
Kansas City Southern	KSU US	8:45	Q4 2015 Earnings Call	Q4 2015
Schlumberger Ltd	SLB US	9:00	Q4 2015 Earnings Call	Q4 2015
Rockwell Collins Inc	COL US	9:00	Q1 2016 Earnings Call	Q1 2016
Legg Mason Inc	LM US		Investor Day	Y 2016

Radcom - Chart of the Day

Radcom (RDCM) is the Barchart Chart of the Day. The computer peripheral equipment company has a Trend Spotter buy signal, a Weighted Alpha of 50.30+ and gained 46.57% in the last year.

The Chart of the Day belongs to Radcom (RDCM).  I found the computer peripheral equipment stock by using Barchart to sort today's 52 week high list first for the highest technical buy signals then I used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 1/13 the stock gained 34.56%.

Radcom designs, manufactures, markets and supports innovative, high performance Internet working test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 9.42% in the last month
• Relative Strength Index 65.18%
• Technical support level at 12.57%
• Recently traded at 15.86 with a 50 day moving average of 12.74

Fundamental factors:

• Market Cap $136.24 million
• O/E 41.84
• Revenue expected to grow 37.80% next year
• Earnings estimated to increase 247.40% next year
• The Wall Street analysts following the stock give it a strong buy recommendation
• On Motley Fool the individual investors following the stock voted 16 to 10 that the stock will beat the market

The 50-100 Day MACD Oscillator was a reliable technical trading strategy for this stock.

ONE Gas - Chart of the Day

ONE Gas (OGS) is the Barchart Chart of the Day.  The natural gas distribution company has a Trend Spotter buy signal, a Weighted Alpha of 18.90+ and gained 13.57% in the last year.

The Chart of the Day belongs to ONE Gas (OGS).  I found the natural gas distribution stock by using Barchart to sort the 52 week high list first for technical buy signals, then I used the Flipchart feature to review the charts.

ONE Gas, Inc. is a natural gas local distribution company. The company operates primarily in Oklahoma, Kansas and Texas through Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. ONE Gas, Inc. is based in Tulsa, United States.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 5.85% in the last month
• Relative Strength Index 63.09%
• Technical support level at 50.78
• Recently traded at 51.72 with a 50 day moving average of 48.80

Fundamental factors:

• Market Cap $2.64 billion
• P/E 23.42
• Dividend yield 2.34%
• Revenue expected to grow 7.20% next year
• Earnings estimated to increase 5.80% this year, an additional 9.10% next year and compound at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 7 hold recommendations on this stock

This is not a trading stock and should be held for its dividends and put on a DRIP program

BUY! BUY! BUY!

This message is for all investors between the ages of 25 and 45.

Financial planners usually divide their clients into 3 different groups and give each group different investing advice:

• 25-45 - These are the younger investors trying to build up their portfolios.  They are advised to dollar cost average into the market.  Volatility is their friend and they should buy as much as they can as soon as they can
• 46-60 - These middle aged investors have now accumulated substantial assets and the new money they are adding to their portfolio has less effect than the fluctuations of their accumulated assets
• 61+ - These investors have now accumulated the nest egg that is designed to last them for the rest of their lives and capital preservation plus income is their goal

If you are in the younger 25-45 group you should be buying all you can the more this market tanks.  This is an opportunity you may not see again for a long time.

Buy as much as you can as soon as you can.  Maximize your 401K or Profit Sharing, IRAs and if you have any left open a brokerage account and buy the S&P 500 Large Cap, S&P 400 Mid Cap and&P 600 Small Cap and put it on a DRIP plan and let it ride.

If you follow this advice you just might get rich and get to retire early.

Lincoln Educational Services - Chart of the Day

Lincoln Educational Services (LINC) is the Barchart Chart of the Day.  The educational services company has a Trend Spotter buy signal, a Weighted Alpha of -24.40 and gained 5.17% in the last year.

The Chart of the Day is Lincoln Educational Services (LINC).  I found the educational services stock by using Barchart to find the stocks with the best technical buy signals then used he Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/13 the stock gained 32.61%.

Lincoln Educational is a leading and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange, New Jersey. It offers recent high school graduates and working adults degree and diploma programs in four principal areas of study: automotive technology, allied health (which includes programs for medical administrative assistants, medical assistants, pharmacy technicians and massage therapists), skilled trades and business and information technology.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 8 new highs and up 43.87% in the last month
• Relative Strength Index 78.20%
• Technical support level at 2.29
• Recently traded at 3.05 with a 50 day moving average of 2.05

Fundamental factors:

• Market Cap $73.08 million
• Revenue expected to be down 7.60% this year and another .10% next year
• Earnings estimated to increase 45.70% next year and compound at an annual rate of 10.00% for he next 5 years
• The only Wall Street analysts fallowing the stock has a strong buy recommendation
• On Motley Fool the individual investors following the stock voted 151 to 15 that the stock will beat the market

None of the regular technical trading strategies have been reliable on this stock so use a trailing stop loss to preserve your gains/