Martin Marietta Materials - Chart of the Day

Martin Marietta Materials (MLM) is the Barchart Chart of the Day.  The infrastructure  material supply company has a Trend Spotter buy signal, a Weighted Alpha of 52.91+ and gained 45.25% in the last year.

The Chart of the Day belongs to Martin Marietta Materials (MLM).  I found the infrastructure supply stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 10/31 the stock gained 22.04%.

Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. The company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemicals products for industrial, agricultural and environmental uses, and dolomitic lime.

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

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 33.77% in the last month
• Relative Strength Index 76.83%
• Technical support level at 228.10
• Recently traded at 227.22 with a 50 day moving average of 182.95

Fundamental factors;

• Market Cap $14.3 billion
• P/E 36.18
• Dividend yield .75%
• Wall Street analysts are completely reworking their revenue and earnings projections
• They still have 3 strong buy ans 2 hold recommendations in place
• The individual investors on Motley Fool with opinions on the stock voted 158 to 24 for the stock to beat the market

Westmoreland Coal - Chart of the Day

Westmoreland Coal (WLB) is the Barchart Chart of the Day.  The coal mining company has a Trend Spotter buy signal, a Weighted Alpha of 118.10+ and gained 109.70% in the last year.

The Chart of the Day is Westmoreland Coal (WLB).  With the Trump election coal mining stocks has rocketed.  I found the stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 10/3 the stock gained 57.19%

Westmoreland Coal Company's principal activities are: the production and sale of coal from the Powder River Basin in eastern Montana; the ownership of interests in cogeneration and other non-regulated independent power plants; and the leasing of capacity at Dominion Terminal Associates, a coal storage and vessel loading facility.

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
• 14 new highs and up 55.89% in the last month
• Relative Strength Index 79.54%
• Technical support level at 14.00
• Recently traded at 14.72 with a 50 day moving average of 9.51

Fundamental factors:

• Market Cap $236 million
• Revenue expected to grow 6.80% this year
• Earnings estimated to increase 109.60% this year and continue to compound at an annual rate of 10.00% for the next 5 years
• Wall Street analysts issued 1 strong buy and 2 buy recommendations on the stock

A K Steel - Chart of the Day

AK Steel (AKS) is the Barchart Chart of the Day.  The steel producer has a Trend Spotter buy signal, a Weighted Alpha of 152.99+ and gained 156.72% in the last year.

The Chart of the Day belongs to AK Steel (AKS).  I found the steel producer by using Barchart to sort Russell 3000 Index stocks first by the highest Weighted Alpha then again by technical buy signal s of 80% or more.  Sine the Trend Spotter signaled a buy on 9/28 the stock gained 35.10%.

AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AK Steel maintains a relentless pursuit of improvement in every critical performance measure. The result is a track record without equal.

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

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 47.01% in the last month
• Relative Strength Index 81.10%
• Technical support level at 5.86
• Recently traded at 6.85 with a 50 day moving average of 4.84

Fundamental factors:

• Market Cap $1.8 billion
• P/E 11.53
• Revenue expected to grow 2.50% next year
• Earnings estimated o increase 200.00% this year, an additional 80.00 next year and continue to increase at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 3 strong buy, 6 hold and 2 strong sell recommendations on the stock

Discipline, Discipline, Discipline

Please use discipline today.  Be rational and do not panic and become emotional.  Everyone is going to work today.  Production lines will still be running, trucks will still be on the road delivering goods. Phones will be answered and purchase orders will still be written.

The business of America is still business and although it might not be business as usual there will still be business done.

The last Conference Board report had both the Leading Economic Indicator and Coincident Economic Indicator in positive numbers.

Yes, the stock futures are down by less than 2% but please put that in perspectives.  This morning 49% of the population is disappointed that their candidate did not win.  Today only 1% - 2% of the entire public capitalization of the US stock market will change hands.  Sellers that are dumping their shares will still get 98 cents on the dollar.

Today is not the day to be emotional.  If there are butterflies in your stomach by all means put in some stop losses or buy some puts at what ever your tolerance for pain is.

I am not selling anything today and I am not buying anything today.

Follow 4 indicators on each of your stocks:

• Barchart technical buy/sell indicators
• 50-100 Day MACD oscillator
• Weighted Alpha
• Is the stock more than 10% off its previous high

Be rational and look at the big picture.

Have a nice day.

Delta Air Lines - Chart of the day

Delta Air Lines (DAL) is the Barchart Chart of the Day.  The airline company has a Trend Spotter buy signal, a Weighted Alpha of 2.45- and lost 13.03% in the last year but is in recovery.

The Chart of the Day belongs to Delta Air Lines (DAL).  I found the airline stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent new highs in the last month, then again by technical buy signals of 80% or more.  Since the Trend spotter signaled a buy on 9/22 the stock gained 15.66%.

Delta is America's fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.

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
• 13 new highs and up 14.33% in the last month
• Relative Strength Index 78.80%
• Technical support level at 43.56
• Recently traded at 44.53 with a 50 day moving average of 39.58

Fundamental factors:

• Market Cap $32.1 billion
• P/E 7.56
• Dividend yield 1.89%
• Wall Street analysts haven't projected revenue and earnings but gave 7 strong buy, 1 buy and 3 hold recommendations on the stock

Clayton Williams Energy - Chart of the Day

Clayton Williams Energy (CWEI) is a repeat Barchart Chart of the Day. The independent petroleum exploration company has a Trend Spotter buy signal, a Weighted Alpha of 247.90+ and gained 65.88% in the last year.

The Chart of the Day belongs to Clayton Williams Energy (CWEI).  I found the independent petroleum exploration stock by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha, then again or technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 11/1 the stock gained 8.06%.

Clayton Williams Energy is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. A significant portion of the company's proved oil and gas reserves are concentrated in the Cretaceous Trend, which extends from south Texas through east Texas, Louisiana and other southern states and includes the Austin Chalk, Buda, and Georgetown formations.

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

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 15.72% in the last month
• Relative Strength Index 64.89%
• Technical support level at 93.72
• Recently traded at 100.94 with a 50 day moving average of 80.92

Fundamental factors:

• Market Cap $1.1 billion
• Revenue expected to grow 28.10% next year
• Earnings estimated to increase 52.60% next year
• Wall Street analysts issued 2 strong buy, 3 hold and 1 strong sell recommendation on the stock