VNCE, TUES, CBK sell signals

This morning I deleted Vince Holdings (VNCE), Tuesday Morning (TUES) and Christopher & Banks (CBK) from the Barchart Van Meereten Speculative portfolio for negative price momentum.

Vince Holdings (VNCE)

Barchart technical indicators:

• 56% technical sell signals
• Trend spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 69.51% off its 62 week high
• Recently traded at 5.61 with a 50 day moving average of 6.40

Tuesday Morning (TUES)

Barchart technical indicators:

• 48% technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 54.40% off its 52 week high
• Recently traded at 6.58 with a 50 day moving average of 7.83

Christopher and Banks (CBK)

Barchart technical indicators:

• 24% technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 64.59% off its 52 week high
• Recently traded at 2.27 with a 50 day moving average of 2.43

5 Great Low Priced Stocks

As I write this post the market seems to have found a bottom but I can't really say it has began a recovery.  Although 74.61% of the 10,000+ stocks in the Barchart database are trading above their 20 Day Moving Averages only 48.47% are trading above their 50 DMAs.  I like it when the market is trading above its 20, 50 and 100 DMAs but we are not there yet.

Today list are some of the stocks I added recently to the Barchart Van Meerten Speculative portfolio.  For this portfolio I use Barchart to screen the Russell 3000 Index stocks first for a price under $10, technical buy signals of 80%+ and then I use the Flipchart feature to review the charts for consistency.  Today's additions include:
Vince Holdings (VNCE), Oclaro (OCLR), Century Aluminum (CENX), Orasure Technologies (OSUR) and Groupon (GRPN).

Vince Holdings (VNCE)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 30.37% in the last month
• Relative Strength Index 66.76%
• Technical support level at 5.84
• Recently traded at 6.31 with a 50 day moving average of 4.79

Oclaro (OCLR)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 44.41% in the last month
• Relative Strength Index 75.53%
• Technical support level at 4.73
• Recently traded at .91 with a 50 day moving average of 3.82

Century Aluminum (CENX)

Barchart techncial indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 94.54% in the last month
• Relative Strength Index 66.66%
• Technical support level at 6.21
• Recently traded at 6.77 with a 50 day moving average of 4.35

Orasure Technologies (OSUR)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 17.61% in the last month
• Relative Strength Index 65.12%
• Technical support level at 6.67
• Recently traded at 6.68 with a 50 day moving average of 6.16

Groupon (GRPN)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 61.51% in the last month
• Relative Strength Index 73.12%
• Technical support level at 4.06
• Recently traded at 4.49 with a 50 day moving average of 3.02

MORNING CALL 12/11

MORNING CALL

Friday, December 11th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 -0.86%) are down -0.77% at a 3-1/2 week low and European stocks are down -1.52% at a 1-3/4 month low on concern over a slowdown in China after China Nov new loans rose less than expected. Also, energy producers are lower as the price of crude oil (CLF16 -1.33%) fell to a fresh 6-3/4 year low after the IEA said the global oil surplus will last until late next year as demand growth slows and OPEC shoes "renewed determination" to maximize output. Asian stocks settled mostly lower: Japan +0.97%, Hong Kong -1.11%, China -0.61%, Taiwan -1.22%, Australia-0.16%, Singapore -0.49%, South Korea -0.10%, India -0.82%. Japanese stocks went against the trend and closed higher as raw-material stocks rallied and led the overall market after industrial metals rose with copper (HGH16 +1.54%) at a 3-week high.

The dollar index (DXY00 -0.17%) is down -0.20%. EUR/USD (^EURUSD)is up +0.27% after ECB Executive Board member Coeure said the Eurozone deflation risk is now "off the table." USD/JPY (^USDJPY) is down -0.14%.

Mar T-note prices (ZNH16 +0.26%) are up +7.5 ticks.

China Nov new yuan loans rose 708.9 billion yuan, less than expectations of 735.0 billion yuan.

ECB Executive Board member Coeure said the Eurozone risk is now "off the table" as the ECB "sees a recovery in the Eurozone, which is firming now. Growth is accelerating. It remains weak but it is going in the right direction."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Nov retail sales (expected +0.2% and +0.3% ex autos, Oct +0.1% and +0.2% ex autos), (2) Nov final-demand PPI (expected unch m/m and -1.4% y/y, Oct -0.4% m/m and -1.6% y/y) and Nov PPI ex food & energy (expected +0.1% m/m and +0.2% y/y, Oct -0.3% m/m and +0.1% y/y), (3) Oct business inventories (expected +0.1%, Sep +0.3%), (4) preliminary-Dec University of Michigan U.S. consumer sentiment index (expected +0.7 to 92.0, Nov +1.3 to 91.3).

None of the Russell 1000 companies report earnings today.

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

Equity conferences today include: none.

OVERNIGHT U.S. STOCK MOVERS

Teradata (TDC +1.74%) was rated a new 'Sell' at Goldman Sachs with a price target of $26.

Chipotle Mexican Grill (CMG +5.00%) was downgraded to 'Hold' from 'Buy' at Argus.

Adobe Systems (ADBE -0.67%) rose over 5% in after-hours trading after it reported Q4 adjusted EPS of 62 cents, above consensus of 60 cents, and reported its Q4 creative cloud subscriptions rose 933,000, higher than estimates of 697,000.

Electronic Arts (EA -1.07%) rallied over 2% in after-hours trading after it said it is creating an e-sports division for live events and broadcasts.

Allegheny Technologies (ATI +14.12%) dropped more than 1% in after-hours trading after it cut its quarterly dividend to 8 cents a share from 18 cents, citing challenging market conditions for flat rolled products and grain-oriented electrical steel products.

Restoration Hardware Holdings (RH -0.69%) climbed over 7% in after-hours trading after it reported Q3 adjusted EPS of 65 cents, higher than consensus of 63 cents, and then raised guidance on Q4 revenue to $708 million-$718 million from a previous estimate of $698 million-$708 million, above consensus of $704/1 million.

JetBlue Airways (JBLU +0.43%) slipped nearly 3% in after-hours trading after it said it sees it expects its Q4 preliminary passenger revenue per available seat mile (PRASM) to fall between -2.0% and -3.0% y/y.

Finisar (FNSR -0.94%) surged over 12% in after-hours trading after it reported Q2 adjusted EPS of 25 cents, better than consensus of 23 cents.

United Technologies (UTX -0.31%) rose over 1% in after-hours trading after it revealed a $1.5 billion restructuring plan to be implemented through 2018 that it said will provide $900 million in annualized savings when completed.

Nordson (NDSN -1.10%) slid over 4% in after-hours trading after it reported Q4 adjusted EPS of 95 cents, below consensus of $1.07,

Vince Holding (VNCE +6.21%) dropped nearly 8% in after-hours trading after it reported Q3 comparable sales including e-commerce fell -12.5%, a bigger decline than consensus of -3.4%, and lowered guidance on its top end of fiscal 2015 sales to $285 million-$290 million from $285 million-$295 million, below consensus of $289.2 million.

SunEdison (SUNE +3.28%) jumped over 6% in after-hours trading after it said it sold its Bingham and Oakfield wind farm assets, which produce 333 MW of wind-power, to Terra Nova Renewable Partners, a strategic partnership formed between SunEdison and institutional investors, for $209 million.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 -0.86%) this morning are down -15.75 points (-0.77%) at a 3-1/2 week low. Thursday's closes: S&P 500 +0.23%, Dow Jones +0.47%, Nasdaq +0.45%. The S&P 500 on Thursday closed higher on a rally in airline stocks crude oil fell to a 6-3/4 year low and on slack import price pressures after the U.S. Nov import price index fell -0.4% m/m and -9.4% y/y. Stock prices were undercut by weakness in energy producers as crude oil fell to a fresh 6-3/4 year low and by the +13,000 increase in U.S. weekly initial unemployment claims to 282,000, more than expectations of +1,000 to 270,000 and the highest in 5 months.

Mar 10-year T-notes (ZNH16 +0.26%) this morning are up +7.5 ticks. Thursday's closes: TYH6 -11.00, FVH6 -7.25. Mar T-notes Thursday closed lower on reduced safe-haven demand with the strength in stock prices and on supply pressures after the Treasury auctioned $13 billion of 30-year T-bonds.

The dollar index (DXY00 -0.17%) this morning is down -0.198 (-0.20%). EUR/USD (^EURUSD) is up +0.0029 (+0.27%). USD/JPY (^USDJPY) is down-0.17 (-0.14%). Thursday's closes: Dollar Index +0.594 (-1.15%), EUR/USD -0.0084 (-0.76%), USD/JPY +0.12 (+0.10%). The dollar index on Thursday closed higher on divergent central bank policies that benefit the dollar with the Fed expected to raise interest rates next week while the BOJ, ECB and PBOC maintain or expand their monetary stimulus. In addition, there was weakness in EUR/USD after comments from ECB Governing Council members Jazbec and Liikanen who both said the ECB is ready to use more measures if needed to achieve its price stability targets.

Jan crude oil (CLF16 -1.33%) this morning is down -53 cents (-1.44%) at a fresh 6-3/4 year low and Jan gasoline (RBF16 +0.42%) is up +0.0100 (+0.78%). Thursday's closes: CLF6 -0.58 (-1.56%), RBF6 +0.0448 (+3.64%). Jan crude oil and gasoline in Thursday settled mixed with Jan crude at a 6-3/4 year low. Crude oil prices were hurt by a stronger dollar and by concern the global oil glut will persist after OPEC raised its oil production target last Friday. Gasoline closed higher on signs of strong demand from refiners as the crack spread jumped to a 3-1/4 month high.

GLOBAL EVENT CALENDAR12/11/2015

US	0830 ET	Nov retail sales expected +0.2% and +0.3% ex autos, Oct +0.1% and +0.2% ex autos.
	0830 ET	Nov PPI final demand expected unch m/m and -1.4% y/y, Oct -0.4% m/m and -1.6% y/y. Nov PPI ex food & energy expected +0.1% m/m and +0.2% y/y, Oct -0.3% m/m and +0.1% y/y.
	1000 ET	Oct business inventories expected +0.1%, Sep +0.3%.
	1000 ET	U.S. Dec preliminary University of Michigan consumer sentiment expected +0.7 to 92.0, Nov +1.3 to 91.3.
GER	0200 ET	Revised German Nov CPI (EU harmonized), preliminary +0.1% m/m and +0.3% y/y.
	0200 ET	German Nov wholesale price index, Oct -0.4% m/m and -1.6% y/y.
UK	0430 ET	UK Oct construction output expected +1.0% m/m and -1.1% y/y, Sep -0.2% m/m and -1.6% y/y.
	0430 ET	BOE quarterly inflation expectations.

U.S. STOCK CALENDAR12/11/2015

Company	Ticker	Time	Event Description	Period	Estimate
Medtronic PLC	MDT US	3:00	Annual General Meeting	Y 2015
WW Grainger Inc	GWW US	8:00	November 2015 Sales and Revenue Call	2015
WW Grainger Inc	GWW US	8:00	November 2015 Sales and Revenue Release	2015
MetLife Inc	MET US	8:00	Business Update Call
Towers Watson & Co	TW US	8:00	Extraordinary Shareholders Meeting - Merger Vote	Y 2015
Nielsen Holdings PLC	NLSN US	8:00	Analyst Day	Y 2015
Nordson Corp	NDSN US	8:30	Q4 2015 Earnings Call	Q4 2015
MSG Networks Inc	MSGN US		Annual General Meeting
Palo Alto Networks Inc	PANW US		Annual General Meeting