BARCHART MORNING CALL 4/13

BARCHART MORNING CALL

Monday, April 13th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 -0.14%) this morning are down -0.14% as they fell back from a 3-week high ahead of Q1 corporate earnings reports this week. European stocks are up +0.22% at a 6-3/4 year high. Asian stocks settled mixed: Japan -0.01%, Hong Kong +2.73%, China +2.17%, Taiwan +0.51%, Australia -0.14%, Singapore +0.35%, South Korea +0.58%, India +0.57%. China's Shanghai Composite Index climbed to a 7-year high and gave most global bourses a boost on speculation that China may boost stimulus to spur economic growth after China Mar exports unexpectedly declined.
Commodity prices are mixed. May crude oil (CLK15 +1.20%) is up +1.28% and May gasoline (RBK15 +0.76%) is up +0.84% as skepticism among U.S. lawmakers over a nuclear deal with Iran bolstered speculation that an increase in Iranian crude exports may be delayed. Metals prices weakened as the dollar index climbed to a 4-week high. Jun gold (GCM15 -0.45%) is down -0.42%. May copper (HGK15 -0.22%) is unch. Agriculture prices are lower with May corn at a 3-week low, after weekend rains in the U.S. Midwest boosted soil moisture levels ahead of spring plantings.
The dollar index (DXY00 +0.52%) is up +0.60% at a 4-week high and EUR/USD (^EURUSD) is down -0.66% at a 4-week low as the ECB continues its QE program while the Fed readies the markets for an eventual interest rate increase. USD/JPY (^USDJPY) is up +0.36% at a 3-week high.
Jun T-note prices (ZNM15 -0.13%) are down -5 ticks at a 1-1/2 week low after a report Sunday from Morgan Stanley said that the U.S. 10-year T-note yield will rise to 2.40% by year-end as a rebound in economic growth pushes inflation higher.
The China Mar trade balance shrank to a surplus of +$3.08 billion, narrower than expectations of +$40.10 billion and the smallest trade surplus in 13 months. China Mar exports unexpectedly fell -14.6% y/y, weaker than expectations of +8.2% y/y, and China Mar imports fell -12.7% y/y, weaker than expectations of -10.0% y/y.
Japan Mar PPI rose +0.3% m/m and +0.7% y/y, stronger than expectations of -0.1% m/m and +0.4% y/y.
Japan Feb machine orders fell -0.4% m/m and rose +5.9% y/y, stronger than expectations of -2.2% m/m and +4.3% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes (1) the March Treasury budget statement (expected -$43.4 billion vs year-earlier -$36.9 billion).
There are two of the Russell 1000 companies that report earnings today: Commerce Bancshares (consensus $0.58), Ocwen Financial (0.27).
There are no U.S. IPO's that price or trade today.
Equity conferences this week include: Consumer Debt Forum on Mon, World Strategic Forum on Mon-Tue, Cantor Fitzgerald First Annual ETF and Indexing Forum on Wed.

OVERNIGHT U.S. STOCK MOVERS

British Petroleum (BP +0.46%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Marathon Oil (MRO +1.43%) was upgraded to 'Buy' from 'Neutral' at BofA/Merrill Lynch.
Netflix (NFLX +3.43%) was upgraded to 'Buy' from 'Neutral' at UBS who also raised their price target on the stock to $565 from $370.
Sempra Energy (SRE -0.05%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $130.
Helmerich & Payne (HP -1.15%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Freeport McMoRan (FCX -2.56%) was upgraded to 'Buy' from 'Neutral' at Citigroup.
BHP Billiton (BHP -0.04%) and Rio Tinto (RIO -1.61%) were both downgraded to 'Neutral' from 'Buy' at Citigroup.
UPS (UPS +0.09%) will invest $1.06 billion in a Europe expansion, according to Reuters.
Grainger (GWW -0.06%) may be 10%-20% undervalued, according to a weekend article by Barron's.
Avon (AVP -1.86%) "could still pay off" with a doubling of its stock price in coming years, according to a weekend column by Barron's.
Accenture (ACN -0.82%) may rally by 26% over next three years, according to a weekend article by Barron's.
Newmont Mining (NEM +0.45%) may may rally by 55%, according to a weekend article by Barron's.

MARKET COMMENTS

June E-mini S&Ps (ESM15 -0.14%) this morning are down -3.00 points (-0.14%). Friday's closes: S&P 500 +0.52%, Dow Jones +0.55%, Nasdaq +0.43%. The S&P 500 index on Friday closed moderately higher and posted a new 2-1/2 week high. The market extended the week's rally as GE returned to its industrial roots by announcing an effective spin-off of GE Capital and as market optimism continues about the recent spate of M&A activity.
Jun 10-year T-notes (ZNM15 -0.13%) this morning are down -5 ticks at a 1-1/2 week low. Friday's closes: TYM5 -1, FVM5 -1.75. June 10-year T-notes on Friday remained on the defensive and closed slightly lower on stock market strength and carry-over pessimism about the poor demand seen for Thursday's 30-year bond auction.
The dollar index (DXY00 +0.52%) this morning is up +0.594 (+0.60%) at a 4-week high. EUR/USD (^EURUSD) is down -0.0070 (-0.66%) at a 4-week low. USD/JPY (^USDJPY) is up +0.43 (+0.36%) at a 3-week high. Friday's closes: Dollar Index +0.19 (+0.19%), EUR/USD -0.0055 (-0.52%), USD/JPY -0.36 (-0.30%). The dollar index on Friday extended the weekly rally and closed just moderately below March’s 12-year high. The dollar continued to see strength on Friday after Wednesday's FOMC minutes noted that "several" FOMC members favored a rate hike as early as June.
May WTI crude oil (CLK15 +1.20%) this morning is up +66 cents (+1.28%). May gasoline (RBK15 +0.76%) is up +0.0151 (+0.84%). Friday's closes: CLK5 +0.85 (+1.67%), RBK5 +0.0481 (+2.73%). May crude oil and gasoline on Friday closed moderately higher on some continued short-covering after Wednesday's 6% plunge. Crude oil prices on Wednesday plunged on the +10.95 million bbl surge in EIA U.S. crude oil inventories and on doubts about an Iranian nuclear agreement after Iran Supreme Leader Khamenei insisted that sanctions would have to be dropped immediately upon a final nuclear agreement, not phased in as the preliminary agreement contemplated.

GLOBAL EVENT CALENDAR04/13/2015

US	1100 ET	USDA weekly grain export inspections.
	1400 ET	March Treasury budget statement expected -$43.4 billion, year-earlier -$36.9 billion.
	1600 ET	USDA weekly crop progress.
UK	1901 ET	UK Mar BRC sales like-for-like, Feb +0.2% y/y.

U.S. STOCK CALENDAR04/13/2015

Company	Ticker	Time	Event Description	Period	Estimate
Commerce Bancshares Inc/MO	CBSH US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.579
Laredo Petroleum Inc	LPI US	14:30	Analyst Meeting	Y 2015
Goodyear Tire & Rubber Co/The	GT US		Annual General Meeting
Ocwen Financial Corp	OCN US		Q4 2014 Earnings Release	Q4 2014	0.269

BARCHART MORNING CALL 3/27

BARCHART MORNING CALL 

Friday, March 27th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 -0.10%) this morning are down -0.16% ahead of revised U.S. Q4 GDP and final Mar University of Michigan consumer sentiment that may provide a clue to the timing of a Fed interest rate increase. European stocks are up +0.23% on optimism that the ECB's QE program will achieve its goals and stave off deflation after ECB President Draghi said the ECB will have no problem meeting its debt-purchase targets. Asian stocks closed mixed: Japan -0.95%, Hong Kong -0.04%, China +0.55%, Taiwan -1.20%, Australia +0.70%, Singapore +0.54%, South Korea -0.18%, India unchanged. Japan's Nikkei Stock Index tumbled to a 2-week low as slower-than-expected increases in Japan Feb retail sales and consumer prices signal waning momentum in the Japanese economy. Commodity prices are mostly lower. May crude oil (CLK15 -1.69%) is down -1.54% on optimism that air strikes in Yemen by Saudi Arabia, which continued for a second day, won't pose a threat to crude supplies. May gasoline (RBK15 -1.15%) is down -0.94%. Apr gold (GCJ15 -0.43%) is down -0.53%. May copper (HGK15 -0.73%) is down -0.48% after weekly Shanghai copper inventories rose +4,243 MT to 243,592 MT, a 23-month high. Agriculture prices are mixed. The dollar index (DXY00 +0.09%) is up +0.28%. EUR/USD (^EURUSD) is down 0.45%. USD/JPY (^USDJPY) is up +0.15% as the yen weakened on speculation the BOJ may need to expand stimulus after Japanese consumer prices last month rose at the slowest pace in 11 months. Jun T-note prices (ZNM15 +0.09%) are up +1.5 ticks.
Japan Feb national CPI rose +2.2% y/y, weaker than expectations of +2.3% y/y and the slowest pace of increase in 11 months. Feb national CPI ex-fresh food rose +2.0% y/y, less than expectations of +2.1% y/y. Feb national CPI ex food & energy rose +2.0% y/y, less than expectations of +2.1% y/y.
The Japan Feb jobless rate fell -0.1 to 3.5%, right on expectations. The Feb job-to-applicant ratio rose +0.01 to 1.15, right on expectations and the highest since Mar 1992.
Japan Feb retail sales rose +0.7% m/m and fell -1.8% y/y, weaker than expectations of +0.9% m/m and -1.5% y/y.
Japan Feb overall household spending fell -2.9% y/y, a smaller decrease than expectations of -3.2% y/y, but still the 11th consecutive month that spending has declined.
The German Feb import price index rose +1.4% m/m and fell -3.0% y/y, stronger than expectations of +0.5% m/m and -3.9% y/y.
UK Mar nationwide house prices rose +0.1% m/m and +5.1% y/y, weaker than expectations of +0.2% m/m and +5.3% y/y.

U.S. STOCK PREVIEW

Key news today includes (1) the U.S. Q4 GDP revision (expected revised to 2.4% from +2.2%), (2) final-March U.S. consumer sentiment from the University of Michigan (expected +0.8 to 92.0), and (3) comments by Fed Chair Janet Yellen on monetary policy at a San Francisco Fed conference entitled “The New Normal for Monetary Policy.”
There are 2 of the Russell 1000 companies that report earnings today: Carnival (consensus $0.09), Ocwen Financial (0.26).
U.S. IPOs that price today include: Applied DNA Sciences (APDN). There are no U.S. IPOs that are scheduled to start trading today.
There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

American Eagle (AEO +1.01%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Finish Line (FINL +2.18%) reported Q4 adjusted EPS of 88 cents, better than consensus of 85 cents.
Conn's (CONN -0.56%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.
ArcelorMittal (MT -2.72%) was downgraded to 'Sell' from 'Neutral' at Citigroup.
Carnival Cruise Lines (CCL +0.05%) rose over 1% in after-hours trading after it said it will add nine new cruise ships to its fleet over a four-year period from 2019-2022.
Charles Schwab (SCHW +1.95%) was initiated with an 'Outperform' at RBC Capital with a price target of $38.
UBS has a 'Buy' rating and $110 price target on McDonald's (MCD -0.51%) and says it sees the new direction of McDonald's management creating significant cost reduction potential.
SanDisk (SNDK -18.45%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Corvex Management reported a 7.2% stake in Signet Jewelers (SIG +6.02%) .
F5 Networks (FFIV -0.59%) was initiated with a 'Buy' at Guggenheim with a price target of $130.
Yahoo! (YHOO +0.61%) rose nearly 2% in pre-market trading after it was initiated with an 'Overweight' at Morgan Stanley with a price target of $55.
Restoration Hardware (RH +1.01%) reported Q4 EPS of $1.02, better than consensus of $1.01.
GameStop (GME -2.56%) fell nearly 6% in after-hours trading after it reported Q4 adjusted EPS of $2.15, less than consensus of $2.17, and then lowered guidance on fiscal 2015 EPS to $3.60-$3.80, below consensus of $4.04.

MARKET COMMENTS

Jun E-mini S&Ps (ESM15 -0.10%) this morning are down -3.25 points (-0.16%). Thursday's closes: S&P 500 -0.24%, Dow Jones -0.23%, Nasdaq -0.32%. The U.S. stock market on Thursday closed lower as Saudi Arabia launched air strikes against rebel targets in Yemen, sparking a rally in oil prices and causing worries about possible disruptions of oil flows in the Middle East. In addition, Atlanta Fed President Lockhart hurt the stock market by saying that he still favors raising interest rates despite some softer readings in growth. Stocks received some support from the unexpected -9,000 drop in initial unemployment claims to 282,000.
Jun 10-year T-notes (ZNM15 +0.09%) this morning are up +1.5 ticks. Thursday's Closes: TYM5 -18.50, FVM5 -8.00. T-note prices closed with fairly sharp losses on Thursday as initial unemployment claims unexpectedly fell by -9,000 to a 5-week low of 282,000. In addition, demand was weak for the Treasury's $29 billion 7-year T-note auction, which carried a bid cover ratio of only 2.32, below the 12-auction average of 2.51 and the weakest since May 2009.
The dollar index (DXY00 +0.09%) this morning is up +0.269 (+0.28%). EUR/USD (^EURUSD) is down -0.0049 (-0.45%). USD/JPY (^USDJPY) is up +0.18 (+0.15%). Thursday's Closes: Dollar index +0.457 (+0.47%), EUR/USD -0.00857 (-0.78%), USD/JPY -0.304 (-0.25%). The dollar index on Thursday closed higher on some flight-to-quality with the Saudi air attack on rebels in Yemen and on Atlanta Fed President Lockhart's hawkish comment that the U.S. economy can handle moving to a higher interest-rate environment.
May WTI crude oil (CLK15 -1.69%) this morning is down -79 cents (-1.54%) and May gasoline (RBK15 -1.15%) is down -0.0177 (-0.94%). Thursday's Closes: CLK5 +2.22 (+4.51), RBK5 +0.0336 (+1.83%). May crude oil and gasoline prices on Thursday rallied to new 3-week highs and closed higher. Oil prices were mainly boosted by Saudi Arabia's air strikes against Shiite Houthi rebels in Yemen, which raised worries about a disruption of Middle East oil supplies and even about whether the conflict could spread into Saudi Arabia itself. Crude oil prices were undercut by the higher close in the dollar.

GLOBAL EVENT CALENDAR03/27/2015

US	0830 ET	Q4 GDP expected revised to 2.4% (q/q annualized) from 2.2%. Q4 personal consumption expected revised to +4.4% from +4.2%. Q4 GDP price index expected unrevised at +0.1%. Q4 core PCE deflator expected unrevised at +1.1% q/q.
	1000 ET	Final-March U.S. consumer sentiment (University of Michigan) expected +0.8 to 92.0, previous -4.2 to 91.2.
	1500 ET	USDA Q1 Hogs & Pigs Inventory.
	1545 ET	Fed Chair Janet Yellen speaks on monetary policy at a San Francisco Fed conference on The New Normal for Monetary Policy.
GER	0300 ET	German Feb import price index expected +0.5% m/m and -3.9% y/y, Jan -0.8% m/m and -4.4% y/y.
UK	0300 ET	UK Mar nationwide house prices expected +0.2% m/m and +5.3% y/y, Feb -0.1% m/m and +5.7% y/y.

U.S. STOCK CALENDAR03/27/2015

Company	Ticker	Time	Event Description	Period	Estimate
Carnival Corp	CCL US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.094
Baker Hughes Inc	BHI US	10:00	Extraordinary Shareholders Meeting
Carnival Corp	CCL US	10:00	Q1 2015 Earnings Call	Q1 2015
Colgate-Palmolive Co	CL US		Board Meeting
Halliburton Co	HAL US		Extraordinary Shareholders Meeting
Omega Healthcare Investors Inc	OHI US		Extraordinary Shareholders Meeting
Ocwen Financial Corp	OCN US		Q4 2014 Earnings Release	Q4 2014	0.261
DreamWorks Animation SKG Inc	DWA US		U.S. Box Office Release of Movie Home""

BARCHART MORNING CALL 3/13

BARCHART MORNING CALL

Friday, March 13th, 2015View Older Reports

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

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 +0.10%) this morning are up +0.12% ahead of U.S. producer prices for Feb and a preliminary reading of U.S. consumer confidence for March. European stocks ae down -0.12 as energy producers fall after the price of crude oil slipped to a 6-week low. Asian stocks closed mixed: Japan +1.39%, Hong Kong +0.11%, China +0.69%, Taiwan -0.17%, Australia -0.61%, Singapore -0.32%, South Korea +0.76%, India -1.48%. Japan's Nikkei Stock Index rallied up to a 14-3/4 year high and China's Shanghai Stock Index rose to a 6-week high on receding Fed rate hike prospects after U.S. Feb retail sales unexpectedly declined for a third month. Commodity prices are mixed. Apr crude oil (CLJ15 -1.49%) is down -0.55% at a 6-week low on a supply glut in the U.S. after Wednesday's EIA data showed U.S. crude stockpiles at 448.9 million bbl, the most since EIA data started in 1982. Apr gasoline (RBJ15 -0.62%) is down -0.57% at a 3-week low. The IEA said today that the record oil surplus in the U.S. may soon strain the nation's storage capacity and further pressure oil prices. The IEA said that the oil-storage hub in Cushing, OK, the largest in the U.S., is now 70% full. Apr gold (GCJ15 +0.31%) is up +0.27%. May copper (HGK15 -0.24%) is down -0.23% as it retreated from a 1-week high on signs of ample global supplies after weekly Shanghai copper inventories rose +17,276 MT to 241,616 MT, a 1-3/4 year high, and LME copper inventories rose +2,825 MT to 333,575 MT, a 13-1/2 month high. Agriculture prices are mixed. The dollar index (DXY00 +0.14%) is up +0.11%. EUR/USD (^EURUSD) is down -0.47%. USD/JPY (^USDJPY) is up +0.13%. GBP/USD is down -0.38% at a 4-1/2 year low after UK Jan construction output unexpectedly fell at the fastest pace in 14 months. Jun T-note prices (ZNM15 -0.21%) are down -7.5 ticks.
Japan Jan industrial production was revised lower to +3.7% m/m and -2.8% y/y from the originally reported +4.0% m/m and -2.6% y/y. Jan capacity utilization rose +3.6% m/m and matched September's increase as the largest in a year.
UK Jan construction output unexpectedly fell -2.6% m/m and -3.1% y/y, weaker than expectations of +1.3% m/m and +2.1% y/y with the -2.6% m/m decline the biggest monthly drop in 14 months and the -3.1% y/y decline the largest annual fall in 22 months.
The German Feb wholesale price index rose +0.5% m/m and fell -2.1% y/y with the +0.5% m/m gain the biggest monthly increase in 17 months.

U.S. STOCK PREVIEW

Today’s preliminary-March U.S. consumer confidence index from the University of Michigan is expected to show a small +0.1 point increase to 95.5, stabilizing after Feb’s fairly sharp -2.7 point decline to 95.4. Today’s Feb final-demand PPI index is expected to match January’s report of unchanged y/y and the core PPI is expected to match Jan’s report of +1.6% y/y. There is one of the Russell 1000 companies that reports earnings today: Ocwen Financial Corp (consensus $0.35). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Intel (INTC -4.73%) was upgraded to 'Buy' from 'Hold' at Canaccord.
Genesco (GCO -7.79%) was downgraded to 'Neutral' from 'Buy' at Sterne Agee.
Children's Place (PLCE +8.81%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Worldwide PC shipments are expected to drop 4.9% in 2015, compared to a previous forecast of 3.3%, reports DigiTimes, according to the IDC Worldwide Quarterly PC Tracker.
Piper Jaffray said February video game software sales rose 7% y/y and maintains its 'Overweight' ratings on Activision Blizzard (ATVI -0.09%) , Electronic Arts (EA -0.05%) , GameStop (GME +0.51%) and Take-Two (TTWO +0.20%) .
General Motors (GM +1.72%) will recall approximately 64,000 2011-13 Chevrolet Volts for a software update to limit how long the car can be left idling.
Kronos Worldwide (KRO +1.76%) reported Q4 EPS of 17 cents, better than consensus of 14 cents.
Mobileye (MBLY +0.75%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Laurene Powell Jobs Trust reported a 7.7% passive stake in Disney (DIS +4.16%) .
Ulta Salon (ULTA +2.01%) jumped 7% in after-hours trading after it reported Q4 EPS of $1.35, higher than consensus of $1.27.
Aeropostale (ARO -6.80%) slid 4% in after-hours trading after it reported Q4 adjusted EPS of 1 cent, better than consensus of a -3 cent loss, but then lowered guidance on Q1 EPS to a loss of -61 cents to -53 cwnts, a larger loss than consensus of -36 cents.

MARKET COMMENTS

Jun E-mini S&Ps (ESM15 +0.10%) this morning are up +2.50 points (+0.12%). The S&P 500 index on Thursday closed sharply higher: S&P 500 +1.26%, Dow Jones +1.47%, Nasdaq +0.72%. Bullish factors included (1) signs that China’s monetary easing is spurring demand for loans after data showed China Feb aggregate financing, China’s broadest measure of new credit, rose 1.35 trillion yuan, more than expectations of 1.00 trillion yuan, (2) a rally in bank stocks after 29 U.S. banks passed Fed stress tests, and (3) reduced interest rate hike concerns after Feb retail sales unexpectedly fell for a third month as they declined -0.6% and -0.1% ex autos, weaker than expectations of +0.5% and +0.3% ex autos.
Jun 10-year T-notes (ZNM15 -0.21%) this morning are down -7.5 ticks. Jun 10-year T-note futures prices on Thursday rose to a 1-1/2 week high and closed higher. Closes: TYM5 +7.00, FVM5 +5.75. The main bullish factor was the unexpected decline in U.S. Feb retail sales for a third month, which may prompt the Fed to delay interest rate hikes. T-notes fell back from their best levels on weak demand for the Treasury’s $13 billion 30-year T-bond auction that had a bid-to-cover ratio of 2.18, below the 12-auction average of 2.45 and the lowest in 10 months.
The dollar index (DXY00 +0.14%) this morning is up +0.111 (+0.11%). EUR/USD (^EURUSD) is down -0.0050 (-0.47%). USD/JPY (^USDJPY) is up +0.16 (+0.13%). The dollar index on Thursday closed lower: Dollar index -0.360 (-0.36%), EUR/USD +0.00876 (+0.83%), USD/JPY -0.159 (-0.13%). Bearish factors included the unexpected decline in U.S. Feb retail sales for a third month, which fueled long liquidation in the dollar, and (2) strength in EUR/USD on reduced Greek default concerns after the ECB increased the Emergency Liquidity Assistance for Greek banks by 600 million euros.
Apr WTI crude oil (CLJ15 -1.49%) this morning is down -26 cents (-0.55%) at a 6-week low and Apr gasoline (RBJ15 -0.62%) is down -0.0103 (-0.57%) at a 3-week low. Apr crude oil and gasoline prices on Thursday closed lower with Apr crude at a 5-week low and Apr gasoline at a 3-week low: CLJ5 -1.12 (-2.33), RBJ5 -0.0253 (-1.39%). Bearish factors included (1) abundant supplies as Wednesday’s EIA data showed EIA crude inventories rose +4.51 million bbl to 448.9 million bbl, the highest since EIA data began in 1982, and (2) the unexpected decline in U.S. Feb retail sales for a third month, which signals economic weakness.

GLOBAL EVENT CALENDAR03/13/2015

US	0830 ET	Feb PPI final demand expected +0.3% m/m and unch y/y, Jan -0.8% m/m and unch y/y. Feb PPI final demand ex food & energy expected +0.1% m/m and +1.6% y/y, Jan -0.1% m/m and +1.6% y/y.
	1000 ET	Preliminary-Mar U.S. consumer confidence index (University of Michigan) expected +0.1 to 95.5, Feb -2.7 to 95.4.
JPN	0030 ET	Revised Japan Jan industrial production, previous +4.0% m/m and -2.6% y/y.
	0030 ET	Japan Jan capacity utilization, Dec +2.0% m/m.
GER	0300 ET	German Feb wholesale price index, Jan -2.6% m/m and -0.4% y/y.
UK	0530 ET	UK Jan construction output expected +1.3% m/m and +2.1% y/y, Dec +0.4% m/m and +5.5% y/y.

U.S. STOCK CALENDAR03/13/2015

Company	Ticker	Time	Event Description	Period	Estimate
Ocwen Financial Corp	OCN US		Q4 2014 Earnings Release	Q4 2014	0.349

Ocwen Financial - OCN - Sell Signals

Today I deleted Ocwen Financial (OCN) form the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

• 80% Barchart short term sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 15.38% off its 1 year high
• Relative Strength Index 34.30%

Ocwen Financial Corp - OCN - Buy Signals

This morning I added Ocwen Financial Corp (OCN) to the Barchart Van Meerten New High portfolio:

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 22.23% in the last month
• Relative Strength Index 77.00%
• Barchart computes a technical support level at 17.74
• Recently traded at 18.23 with a 50 day moving average of 15.74