Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: XEL

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Wednesday, August 3, 2016

MORNING CALL 8/3

Wednesday, August 3rd, 2016View Older Reports

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

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.22%) are down -0.20% ahead of data on U.S. Jul ADP employment. Losses in U.S. stock index futures were limited as energy producing stocks rose as the price of crude oil (CLU16 +0.38%) climbed +0.51% after API data late yesterday showed U.S. oil inventories fell by -1.34 million bbl. European stocks are down -0.01% at a 3-week low as automakers fell after tire manufacturer Continental AG dropped over 1% when it reported Q2 revenue that was below expectations. Losses in European stocks were contained after the Eurozone Jul Markit composite PMI unexpectedly accelerated to the highest in six months. Activity in European trading was muted ahead of tomorrow's BOE policy meeting that is expected to show the BOE boosting easing measures to contain the Brexit fallout. Asian stocks settled mostly lower: Japan -1.88%, Hong Kong -1.76%, China +0.24%, Taiwan -0.74%, Australia-1.35%, Singapore -1.02%, South Korea -1.30%, India -1.02%. Chinese stocks closed higher after brokerage-related stocks rallied after people familiar with the matter said that China's futures exchange is planning to relax trading restrictions it implemented last year after China's stock market rout. Japan's Nikkei Stock Index fell to a 3-week low as exporter stocks sold-off when USD/JPY tumbled to a 3-week low on disappointment over the size of Prime Minister Abe's stimulus package.

The dollar index (DXY00 +0.20%) is up +0.20%. EUR/USD (^EURUSD) is down -0.20%. USD/JPY (^USDJPY) is up +0.36%.

Sep T-note prices (ZNU16 -0.01%) are down -1 tick.

The Eurozone Jul Markit composite PMI was revised upward to 53.2 from the originally reported 52.9, the fastest pace of expansion in 6 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -11.2% with purchase sub-index -3.3% and refi sub-index -15.1%), (2) Jul ADP employment (expected +170,000, Jun +172,000), (3) revised-Jul Markit services PMI (expected +0.1 to 51.0, prelim-Jul -0.5 to 50.9), (4) Jul ISM non-manufacturing PMI (expected -0.5 to 56.0, Jun +3.6 to 56.5), (5) EIA Weekly Petroleum Status Report.

There are 29 of the S&P 500 companies that report earnings today with notable reports including: Time Warner (consensus $1.17), Marathon Oil (-0.25), Allstate (0.58), ICE (3.38), Humana (2.28), Prudential Financial (2.50), MetLife (1.35), First Solar (0.54). TripAdvisor (0.42).

U.S. IPO's scheduled to price today: At Home Group (HOME), Atomera (ATMR)

Equity conferences this week include: Wells Fargo Services Conference on Wed-Thu.

OVERNIGHT U.S. STOCK MOVERS

American International Group (AIG -0.13%) gained over 2% in pre-market trading after it reported Q2 operating EPS of 98 cents, higher than consensus of 92 cents, and then said it will add up to $3 billion to its stock buyback plan.

Verisk Analytics (VRSK -1.34%) lost over 4% in after-hours trading after it reported Q2 adjusted EPS continuing operations of 73 cents, below consensus of 76 cents.

Hanesbrands (HBI -3.39%) fell nearly 5% in after-hours trading after it reported Q2 adjusted EPS of 51 cents, weaker than consensus of 52 cents.

Phillips 66 (PSX +2.55%) was upgraded to 'Outperform' from 'Market Perform' at Cowen.

Fitbit (FIT -3.87%) rose over 5% in after-hours trading after it reported Q2 adjusted EPS of 12 cents, above consensus of 11 cents.

Qorvo (QRVO -3.18%) slid over 7% in after-hours trading after it reported fiscal-year Q1 gross margin of 48.2%, weaker than consensus of 50% and then said it sees fiscal-year Q2 gross margin of 47%, below consensus of 50.3%.

Community Health Systems (CYH -3.02%) dropped over 12% in after-hours trading after it reported Q2 adjusted EPS continuing operations of 9 cents, well below consensus of 56 cents, and then lowered its view of 2016 EPS continuing operations to $1.40-$1.90 from a prior view of $2.50-$2.80.

Hudson Technologies (HDSN +7.41%) gained over 3% in after-hours trading after it reported Q2 EPS of 14 cents, higher than consensus of 11 cents.

Oclaro (OCLR -3.99%) rose over 9% in after-hours trading after it reported Q4 adjusted EPS of 11 cents, better than consensus of 6 cents, and then forecast Q1 revenue of $126 million-$134 million, above consensus of $118.6 million.

Stone Energy (SGY -1.16%) sank 20% in after-hours trading after it reported a Q2 adjusted loss of -$7.45, a bigger loss than consensus of -$6.12.

Big 5 Sporting Goods (BGFV +1.65%) climbed nearly 10% in after-hours trading after it reported Q2 net sales of $241.4 million, above consensus of $239 million.

ZAGG Inc. (ZAGG -0.31%) jumped over 11% in after-hours trading after it reported Q2 adjusted EPS of 11 cents, well above consensus of 2 cents.

Cray (CRAY -0.92%) plunged 20% in after-hours trading after it reported a Q2 adjusted EPS loss of -29 cents, a wider loss than consensus of -2 cents, and then cut its fiscal 2016 revenue estimate to in the range of $650 million, well below consensus of $796 million.

MARKET COMMENTS

Sep E-mini S&Ps (ESU16 -0.22%) this morning are down -4.25 points (-0.20%). Tuesday's closes: S&P 500 -0.64%, Dow Jones -0.49%, Nasdaq -0.77%. The S&P on Tuesday tumbled to a 2-1/2 week low and closed lower on the weaker-than-expected +0.2% increase in U.S. Jun personal income (vs expectations of +0.3%) and weakness in energy producers due to the -1.37% drop in crude oil prices to a new 3-1/2 month low. Stocks were also undercut by long liquidation pressures after the +9.4% rally in the S&P 500 over the past month to Monday's all-time high.

Sep 10-year T-notes (ZNU16 -0.01%) this morning are down -1 tick. Tuesday's closes: TYU6 -8.00, FVU6 -3.00. Sep T-notes on Tuesday closed lower on negative carry-over from a slide in German bund prices after Eurozone Jun PPI rose more than expected and the +0.4% increase in U.S. Jun personal spending (stronger than expectations of +0.3%).

The dollar index (DXY00 +0.20%) this morning is up +0.187 (+0.20%). EUR/USD (^EURUSD) is down -0.0023 (-0.20%). USD/JPY (^USDJPY) is up +0.36 (+0.36%). Tuesday's closes: Dollar index -0.649 (-0.68%), EUR/USD +0.0061 (+0.55%), USD/JPY -1.50 (-1.46%). The dollar index on Tuesday dropped to a 1-1/4 month low and closed lower on strength in EUR/USD which rallied to a 1-1/4 month high after Eurozone Jun PPI rose +0.7% m/m, the largest monthly increase in 3-3/4 years, perhaps keeping the ECB from expanding stimulus measures. In addition, USD/JPY fell to a 3-week low on a yen rally generated by some disappointment that the Japanese government announced only 4.6 trillion yen ($45 billion) in extra spending for the current fiscal year as part of its fiscal stimulus package.

Sep WTI crude oil (CLU16 +0.38%) this morning is up +20 cents (+0.51%) and Sep gasoline (RBU16 -0.41%) is down -0.0037 (-0.38%). Tuesday's closes: CLU6 -0.55 (-1.37%), RBU6 +0.0080 (+0.61%). Sep crude oil and gasoline on Tuesday settled mixed with Sep crude at a 3-1/2 month low. Crude oil was undercut by increased OPEC output as OPEC July crude production rose +130,000 bpd to a record 33.24 million bpd. Gasoline received a boost from the fall in the dollar index to a 1-1/4-month low and on increased refinery demand for gasoline as the crack spread rose to a 1-month high.

GLOBAL EVENT CALENDAR08/03/2016

		Wednesday, Aug 3
US	0700 ET	Weekly MBA mortgage applications, previous -11.2% with purchase sub-index -3.3% and refi sub-index -15.1%.
	0815 ET	Jul ADP employment change expected +170,000, Jun +172,000.
	0830 ET	Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Aug 9-11 in the Aug quarterly refunding.
	0945 ET	Revised Jul Markit services PMI expected +0.1 to 51.0; prelim-Jul -0.5 to 50.9. Revised Jul Markit composite PMI, prelim-Jul +0.3 to 51.5.
	1000 ET	Jul ISM non-manufacturing PMI expected -0.5 to 56.0, Jun +3.6 to 56.5.
	1030 ET	EIA Weekly Petroleum Status Report.
		Thursday, Aug 4
Thu	US	0730 ET	Jul Challenge job cuts, Jun -14.1% y/y.
		0830 ET	Weekly initial unemployment claims expected -1,000 to 265,000, previous +14,000 to 266,000. Weekly continuing claims expected-9,000 to 2.130 million, previous +7,000 to 2.139 million.
		0830 ET	USDA weekly Export Sales.
		1000 ET	Jun factory orders expected -1.9% and -0.2% ex transportation, May -1.0% and +0.1% ex-transportation.
	GER	0330 ET	German Jul Markit construction PMI, Jun 50.4.
	UK	0400 ET	UK Jul new car registrations, Jun -0.8% y/y.
		0700 ET	BOE Quarterly inflation report.
		0700 ET	BOE announces interest rate decision and asset purchase target, expected -25 bp cut to the benchmark rate to 0.25% and the asset purchase target to remain unch at 375 billion pounds.
	JPN	2000 ET	Japan Jun labor cash earnings expected +0.3% y/y, May -0.1%y/y. Jun real cash earnings, May +0.4% y/y.

U.S. STOCK CALENDAR08/03/2016

Company	Ticker	Time	Event Description	Period	Estimate
Clorox Co/The	CLX	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	1.277
Dominion Resources Inc/VA	D	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.708
Noble Energy Inc	NBL	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	-0.286
Occidental Petroleum Corp	OXY	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	-0.18
Time Warner Inc	TWX	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	1.165
Xcel Energy Inc	XEL	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.404
Spectra Energy Corp	SE	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.266
Zoetis Inc	ZTS	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.444
Delphi Automotive PLC	DLPH	6:45	Q2 2016 Earnings Release	Q2 2016	1.556
Humana Inc	HUM	7:30	Q2 2016 Earnings Release	Q2 2016	2.283
Intercontinental Exchange Inc	ICE	7:30	Q2 2016 Earnings Release	Q2 2016	3.378
American International Group Inc	AIG	8:00	Q2 2016 Earnings Call	Q2 2016
Time Warner Inc	TWX	8:30	Q2 2016 Earnings Call	Q2 2016
Intercontinental Exchange Inc	ICE	8:30	Q2 2016 Earnings Call	Q2 2016
Verisk Analytics Inc	VRSK	8:30	Q2 2016 Earnings Call	Q2 2016
Zoetis Inc	ZTS	8:30	Q2 2016 Earnings Call	Q2 2016
FMC Corp	FMC	9:00	Q2 2016 Earnings Call	Q2 2016
Spectra Energy Corp	SE	9:00	Q2 2016 Earnings Call	Q2 2016
Delphi Automotive PLC	DLPH	9:00	Q2 2016 Earnings Call	Q2 2016
Qorvo Inc	QRVO	9:00	Annual General Meeting
Concho Resources Inc	CXO	9:30	Q2 2016 Earnings Call	Q2 2016
CA Inc	CA	10:00	Annual General Meeting
Dominion Resources Inc/VA	D	10:00	Q2 2016 Earnings Call	Q2 2016
Noble Energy Inc	NBL	10:00	Q2 2016 Earnings Call	Q2 2016
Occidental Petroleum Corp	OXY	10:00	Q2 2016 Earnings Call	Q2 2016
ONEOK Inc	OKE	10:00	Q2 2016 Earnings Call	Q2 2016
Xcel Energy Inc	XEL	10:00	Q2 2016 Earnings Call	Q2 2016
Newfield Exploration Co	NFX	11:00	Q2 2016 Earnings Call	Q2 2016
Devon Energy Corp	DVN	11:00	Q2 2016 Earnings Call	Q2 2016
Clorox Co/The	CLX	13:30	Q4 2016 Earnings Call	Q4 2016
Twenty-First Century Fox Inc	FOXA	16:00	Q4 2016 Earnings Release	Q4 2016	0.369
Allstate Corp/The	ALL	16:15	Q2 2016 Earnings Release	Q2 2016	0.582
Twenty-First Century Fox Inc	FOXA	16:30	Q4 2016 Earnings Call	Q4 2016
Western Union Co/The	WU	16:30	Q2 2016 Earnings Call	Q2 2016
First Solar Inc	FSLR	16:30	Q2 2016 Earnings Call	Q2 2016
CenturyLink Inc	CTL	17:00	Q2 2016 Earnings Call	Q2 2016
CF Industries Holdings Inc	CF	17:00	Q2 2016 Earnings Release	Q2 2016	0.664
CenturyLink Inc	CTL	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.595
Lincoln National Corp	LNC	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.563
Tesoro Corp	TSO	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.764
Marathon Oil Corp	MRO	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.245
Transocean Ltd	RIG	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.016
Albemarle Corp	ALB	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.005
Prudential Financial Inc	PRU	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	2.498
Western Union Co/The	WU	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.401
MetLife Inc	MET	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.349
Cimarex Energy Co	XEC	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.012
Equinix Inc	EQIX	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	2.998
First Solar Inc	FSLR	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.543
TripAdvisor Inc	TRIP	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.418
American Water Works Co Inc	AWK	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.73
Equinix Inc	EQIX	17:30	Q2 2016 Earnings Call	Q2 2016
Costco Wholesale Corp	COST	21:00	July 2016 Sales and Revenue Release	2016
Equifax Inc	EFX		Investor Meeting	Y 2016
Leucadia National Corp	LUK		Q2 2016 Earnings Release	Q2 2016	0.13

Tuesday, June 14, 2016

5 Large Caps Bucking the Trend

The S&P 500 has been on a down trend for the last 4 days so I wanted to find the stocks that were holding up well. I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the highest technical buy signals. Today's Watch List includes:

Dentsply Sirona (XRAY), XCEL Energy (XEL), Wisconsin Energy (WEC), Ventas (VTR), and AT&T (T)

Dentsply Sirona (XRAY)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
6 new highs and up 4.71% in the last month
Relative Strength Index 60.15%
Technical support level at 63.20
Recently traded at 64.03 with a 50 day moving average of 61.34

XCEL Energy (XEL)

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 2.18% in the last month
Relative Strength Index 65.21%
Technical support level at 42.39
Recently traded at 42.67 with a 50 day moving average of 40.92

Wisconsin Energy (WEC)

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 4.87% in the last month
Relative Strength Index 70.35%
Technical support level at 62.05
Recently traded at 62.92 with a 50 day moving average of 59.33

Ventas (VTR)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
6 new highs and up 3.64% in the last month
Relative Strength Index 70.24%
Technical support level at 68.41
Recently traded at 68.90 with a 50 day moving average of 64.92

AT&T (T)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
6 new highs and up 2.96% in the last month
Relative Strength Index 68.33%
Technical support level at 39.93
Recently traded at 40.37 with a 50 day moving average of 38.91

Monday, May 9, 2016

MORNING CALL 5/9

MORNING CALL

Monday, May 9th, 2016View Older Reports

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

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.29%) are up +0.24% and European stocks are up +1.48% as a +2.15% rally in crude oil (CLM16 +1.34%) boosts energy producing stocks. The ongoing wildfire in Alberta, Canada has cut Canadian oil production by about 1 million bpd and has underpinned oil prices. Another positive for European stocks was the bigger-than-expected increase in Eurozone May Sentix investor confidence. On the negative side, however, copper prices (HGN16 -1.51%) dropped -1.53% to a 3-1/2 week low which has undercut mining stocks with Rio Tinto Group and Glencore Plc both down at last 3%. In addition, China Apr exports unexpectedly fell and China Apr imports fell for the 18th month in a row. Asian stocks settled mixed: Japan +0.68%, Hong Kong +0.23%, China -2.79%, Taiwan -0.18%, Australia +0.54%, Singapore +1.29%, South Korea -0.44%, India +1.82%. Chinese stocks were pressured by the weak Chinese trade data as the Shanghai Composite fell to a 1-3/4 month low, while Japanese stocks finished higher as exporters rallied after USD/JPY climbed to a 1-week high, which improves the earnings prospects of exporter companies.

The dollar index (DXY00 +0.19%) is up +0.13% at a 1-week high. EUR/USD (^EURUSD) is down -0.13% at a 1-week low. USD/JPY (^USDJPY) is up +0.88% at a 1-week high.

Jun T-note prices (ZNM16 +0.12%) are up +1.5 ticks.

Speaking at the International Financial Services Forum in London, Chicago Fed President Evans said that U.S. economic fundamentals are "good" and "wait and see" stance for monetary policy is appropriate. He said the U.S. economy should grow at a 2.5% pace for the rest of 2016, which "should support a gradual resumption of U.S. policy rate increases later this year."

New York Fed President Dudley said that while Friday's U.S. employment report was "a touch softer," it won't affect his economic outlook and that it remains a "reasonable expectation" that the Fed will raise interest rates twice this year.

The Eurozone May Sentix investor confidence rose +0.5 to 6.2, stronger than expectations of +0.3 to 6.0.

The China Apr trade balance widened to a surplus of +$45.56 billion, bigger than expectations of +$40.00 billion. Apr exports unexpectedly fell -1.8%y/y weaker than expectations of no change, and Apr imports fell -10.9% y/y, weaker than expectations of -4.0% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Chicago Fed President Charles Evans speaks on a panel with ECB Vice President Vitor Constancio at the International Financial Services Forum in London, (2) Minneapolis Fed President Neel Kashkari speaks at an Economic Club of Minnesota luncheon.

There are 6 of the S&P 500 companies that report earnings today: Tyson Foods (consensus $0.96), HCP (0.69), AES (0.20), Xcel Energy (0.47), International Flavors & Fragrances (1.40), Dun & Bradstreet (0.97).

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

Equity conferences this week include: Morgan Stanley E&P and Oil Services Conference on Mon, Deutsche Bank Clean Tech, Utilities and Power Conference on Mon, Goldman Sachs Global Staples Forum on Tue, Bank of America Merrill Lynch Global Metals, Mining & Steel Conference on Tue, Credit Suisse REIT Conference on Tue, Wells Fargo Securities Gaming, Leisure & Restaurants Conference on Tue, Sterne Agee CRT Business Services Conference on Tue, The Boston Industrial and Environmental Services Conference on Tue, Citi Global Energy and Utilities Conference on Tue-Wed, Oppenheimer Industrial Growth Conference on Tue-Wed, Wells Fargo Industrial and Construction Conference on Tue-Wed, Bank of America Merrill Lynch Health Care Conference on Tue-Thu, Jefferies Technology, Media and Telecom Conference on Wed-Thu, Mitsubishi UFJ Oil & Gas Conference on Thu, Morgan Stanley Refining Corporate Access Day on Thu, RBC Capital Markets Aerospace & Defense Investor Day on Thu.

OVERNIGHT U.S. STOCK MOVERS

Tyson Foods (TSN +1.31%) rose nearly 3% in pre-market trading after it reported Q2 adjusted EPS of $1.07, higher than consensus of 96 cents, and then raised guidance on full-year adjusted EPS to $4.20-$4.30 from a prior estimate of $3.85-$3.95, above consensus of $4.06.

Altria Group (MO +0.14%) was upgraded to 'Buy' from 'Hold' at Argus Research with a price target of $68.

LabStyle Innovations (DRIO +3.45%) was rated a new 'Buy' at Rodman & Renshaw with a 12-month price target of $12.

Silver Wheaton (SLW +2.74%) reported Q1 EPS of 10 cents, below consensus of 12 cents.

LendingClub (LC +3.65%) slumped 16% in pre-market trading after CEO Renaud Laplanch resigned following an internal review of $22 million in near-prime loans to a single investor.

Flotek Industries (FTK +1.13%) was upgraded to 'Buy' from 'Speculative Buy' ay Seaport Global Securities with a 12-month price target of $13.

Comerica (CMA unch) was upgraded to 'Outperform' from 'Market Perform' at Raymond James.

Kronos Worldwide (KRO +4.38%) reported a Q1 EPS loss of -3 cents, a smaller loss than consensus of -13 cents,

Apollo Education Group (APOL +1.47%) climbed nearly 2% in after-hours trading after Apollo Education shareholders approved a $10 a share offer from a group led by Apollo Global Management.

Beazer Homes (BZH +0.42%) gained over 1% in after-hours trading after the chairman of the company, Stephen Zelnak, disclosed a purchase of 55,000 shares May 4-5.

NorthStar Realty Finance (NRF +2.28%) jumped almost 6% in after-hours trading after Colony Capital said it is in exclusive negotiations with NorthStar Asset Management Group and NRF for a tri-party all stock "at the market" business combination.

NorthStar Asset Management Group (NSAM +1.01%) surged over 15% in after-hours trading after Colony Capital said it is in exclusive negotiations with NSAM and NorthStar Realty for a tri-party all stock "at the market" business combination.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.29%) this morning are up +5.00 points (+0.24%). Friday's closes: S&P 500 +0.32%, Dow Jones +0.45%, Nasdaq +0.48%. The S&P 500 on Friday rebounded from a 1-month low and closed higher on reduced interest rate concerns as the weaker than expected U.S. Apr non-farm payrolls may keep the Fed from raising interest rates this year. Stocks also received a boost from the +$29.647 billion increase in U.S. Mar consumer credit, much stronger than expectations of +$16.0 billion and the largest increase on record (data from 1943). Stocks were undercut by the weak +160,000 April payroll report and by Friday's -2.82% drop in the Shanghai Composite to a 2-week low.

June 10-year T-note prices (ZNM16 +0.12%) this morning are up +1.5 ticks. Friday's closes: TYM6 -6.50, FVM6 -3.50. Jun T-notes on Friday retreated from a 3-1/2 week high and closed lower on reduced safe-haven demand after stocks recovered from an early 1-month low. T-notes initially rallied to a 3-1/2 week high after U.S. Apr non-farm payrolls rose less than expected.

The dollar index (DXY00 +0.19%) this morning is up +0.126 (+0.13% at a 1-week high. EUR/USD (^EURUSD) is down -0.0015 (-0.13%) at a 1-week low. USD/JPY (^USDJPY) is up +0.94 (+0.88%) at a 1-week high. Friday's closes: Dollar Index +0.601 (+0.64%), EUR/USD -0.0001 (-0.01%), USD/JPY-0.14 (-0.13%). The dollar index on Friday closed higher on the stronger-than-expected U.S. Apr average hourly earnings report and the stronger-than-expected U.S. Mar consumer credit report of +$29.674 billion.

June WTI crude oil (CLM16 +1.34%) this morning is up +96 cents (+2.15%). June gasoline (RBM16 +0.29%) is up +0.0126 (+0.84%). Friday's closes: CLM6 +0.34 (+0.77%), RBM6 +0.0048 (+0.32%). Jun crude oil and gasoline on Friday recovered from early losses and closed higher on the outlook for reduced U.S. oil production after Baker Hughes reported a -4 rig drop in the number of active U.S. oil rigs to a 6-1/2 year low of 328 rigs. Gains were limited by the weak U.S. payroll report.

GLOBAL EVENT CALENDAR05/09/2016

US	0510 ET	Chicago Fed President Charles Evans speaks on a panel with ECB Vice President Vitor Constancio at the International Financial Services Forum in London.
	1100 ET	USDA weekly grain export inspections.
	1300 ET	Minneapolis Fed President Neel Kashkari speaks at an Economic Club of Minnesota luncheon.
	1600 ET	USDA Weekly Crop Progress.
JPN	0100 ET	Japan Apr consumer confidence index expected -1.0 to 40.7, Mar 41.7.
GER	0200 ET	German Mar factory orders expected +0.6% m/m and +0.1% y/y, Feb -1.2% m/m and +0.5% y/y.
EUR	0430 ET	Eurozone May Sentix investor confidence expected +0.3 to 6.0, Apr 5.7.
UK	0330 ET	UK Apr Halifax house prices expected -0.3% m/m and +9.6% 3-mon y/y, Mar +2.6% m/m and +10.1% 3-mon y/y.
	1901 ET	UK Apr BRC sales like-for-like expected +0.5% y/y, Mar -0.7% y/y.
CHI	2130 ET	China Apr CPI expected +2.3% y/y, Mar +2.3% y/y. Apr PPI expected -3.7% y/y, Mar -4.3% y/y.
	n/a	China Apr new yuan loans expected +815.0 billion yuan, Mar +1.37 trillion yuan.

U.S. STOCK CALENDAR05/09/2016

Company	Ticker	Time	Event Description	Period	Estimate
HCP Inc	HCP US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.69
AES Corp/VA	AES US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.203
Xcel Energy Inc	XEL US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.465
Tyson Foods Inc	TSN US	7:30	Q2 2016 Earnings Release	Q2 2016	0.955
Pitney Bowes Inc	PBI US	9:00	Annual General Meeting	Y 2016
AES Corp/VA	AES US	9:00	Q1 2016 Earnings Call	Q1 2016
Tyson Foods Inc	TSN US	9:00	Q2 2016 Earnings Call	Q2 2016
Masco Corp	MAS US	10:00	Annual General Meeting
Xcel Energy Inc	XEL US	10:00	Q1 2016 Earnings Call	Q1 2016
Martin Marietta Materials Inc	MLM US	11:00	Analyst and Investor Day	Y 2016
HCP Inc	HCP US	12:00	Q1 2016 Earnings Call	Q1 2016
International Paper Co	IP US	12:00	Annual General Meeting
Baxter International Inc	BAX US	13:00	Investor Conference	Y 2016
Gap Inc/The	GPS US	16:15	April 2016 Sales and Revenue Release	2016
International Flavors & Fragrances Inc	IFF US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.4
Dun & Bradstreet Corp/The	DNB US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.969

Wednesday, March 9, 2016

5 Great Stocks with Momentum

This morning I decided to use two of the best sources of investment information I know and team up the power of both. I have read and been fascinated with Value Line for almost 50 years. When I discovered my college had a subscription I went and read each new issue and have ever since About 10 years ago I was reading a Forbes article called Best of the Web and it rated Barchart as one of the best data sources on technical stock market investing. To this day I use both.

This morning I took the stocks Value Line Investment Survey rated 1&2. That equals the quartile that Value Line estimates will have the best chance for relative price appreciation and ran them through Barchart to find which ones had the highest Barchart technical buy signals, then used its Flipchart feature to review the charts.

When I use a list from a reliable source of those predicted to have the best momentum and filter it through another reliable source to find which is presently having the best momentum I should end up with some great stocks to consider.

Today's watch list includes Xcel Energy (XEL), Northwestern (NWE), Domino's Pizza (DPZ), Altria (MO) and American Water Works (AWK).

Xcel Energy (XEL)

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 2.73% in the last month
Relative Strength Index 69.08%
Technical support level at 39.67
Recently traded at 40.70 with a 50 day moving average of 38.13

Northwestern (NWE)

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 5.53% in the last month
Relative Strength Index 71.90%
Technical support level at 60.00
Recently traded at 61.29 with a 50 day moving average of 56.37

Domino's Pizza (DPZ)

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 24.11% in the last month
Relative Strength Index 77.22%
Technical support level at 131.50
Recently traded at 134.24 with a 50 day moving average of 114.59

Altria (MO)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 3.42% in the last month
Relative Strength Index 61.52%
Technical support level at 61.11
Recently traded at 62.52 with a 50 day moving average of 59.88

American Water Works (AWK)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 6.35% in the last month
Relative Strength Index 61.99%
Technical support level at 66.50
Recently traded at 68.37 with a 50 day moving average of 63.55

Thursday, February 25, 2016

The 5 Best S&P 500 Large Caps

This morning I used Barchart to sort the S&P 500 Large Cap Index stocks first for the highest technical buy signals, then I used the Flipchart feature to review the charts for consistency of the upward momentum. The list today includes:

Reynolds American (RAI), Eversource Energy (ES), Baxter International (BAX), XCEL Energy (XEL) and Waste Management (WM).

Reynolds American (RAI)

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 10.04% in the last month
Relative Strength Index 67.70%
Technical support level at 49.59
Recently traded at 51.03 with a 50 day moving average of 47.31

Eversource Energy (ES)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 10 day moving averages
10 new highs and up 9.02% in the last month
Relative Strength Index 67.04%
Technical support level at 55.14
Recently traded at 56.57 with a 50 day moving average of 52.46

Baxter International (BAX)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 8.04% in the last month
Relative Strength Index 61.79%
Technical support level at 37.35
Recently traded at 38.99 with a 50 day moving average of 36.96

XCEL Energy (XEL)

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 8.95% in the last month
Relative Strength Index 67.30%
Technical support level at 39.20
Recently traded at 40.20 with a 50 day moving average of 37.28

Waste Management (WM)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 5.87% in the last month
Relative Strength Index 66.83%
Recently traded at 56.37 with a 50 day moving average of 53.24

Monday, February 1, 2016

Today's 5 Best Large Caps

As I write this post the market appears to be bottoming out. I am not saying recovery but I do see a bottom. Right now a slim majority of the 10,000+ stocks in the Barchart data base are trading above their 20 day moving averages. They are:

51.31% above their 20 DMA
23.82% above their 50 DMA
23.65% above their 100 DMA

The market cap Russell 3000 Index is also trading off its bottom as this chart of the DMAs and 14 day turtle channel shows:

Today I used Barchart to sort the SP 500 Large Cap Index stocks and these 5 all had 100% technical buy signals:

XCEL Energy (XEL)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 7.27% in the last month
Relative Strength Index 68.79%
Technical support level at 37.23
Recently traded at 38.44 with a 50 day moving average of 36.03

Wisconsin Energy (WEC)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 10.04% in the last month
Relative Strength Index 71.22%
Technical support level 54.49
Recently traded at 56.30 with a 50 day moving average of 51.31

Verizon Communications (VZ)

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 10.23% in the last month
Relative Strength Index 75.82%
Technical support level at 48.96
Recently traded at 50.91 with a 50 day moving average of 46.01

AT&T (T)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 5.75% in the last month
Relative Strength Index 69.55%
Technical support level at 35.55
Recently traded at 36.35 with a 50 day moving average of 34.19

Constellation Brands (STZ)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
3 new highs and up 8.76% in the last month
Relative Strength Index 67.31%
Technical support level at 150.55
Recently traded at 154.34 with a 50 day moving average of 143.47

Some buy signals

As I write this post I am adding some stocks to the Barchart Van Meerten New High portfolio not because I see the market recovering as much as I see it bottoming out. If you look the the chart of the Value Line Arithmetic you will see that it appears to be trading off a bottom. The stocks I'm adding are those taken from the Russsell 3000 Index that have technical buying signals of 100% at the time I place the trade:

The stocks added:

YORW York Water
XEL XCEL Energy
WTR Aqua America
WGL WGL Holding
WEC Wisconsin Energy
T AT&T
SYA Symetra Financial
STZ Consellation Brands
STOR Store Capital
SSS Sovran Self Storage
SPKE Spark Energy
SERV Service Master Global
SCG Scana
SAFM Sanderson Farms
SO Southern Company

Tuesday, January 26, 2016

Today's 5 Best Large Caps

Today as I write this article most stocks are still trading below their 20, 50 and 100 day moving averages. Right now the percentage trading above their DMA's are:

19.09% - 20 DMA
13.63% - 50 DMA
16.97% - 100 DMA

The stocks listed today are by no means a buy list, they are just the stocks that came up in my screener. This morning I used Barchart to sort the S&P 500 Large Cap Index stocks for the ones with the highest technical buy signals. Personally, I don't buy unless both the market and the individual stocks have buy signals. Right now although a few individual stocks have buy signals the market as a whole is still trading below its daily moving averages.

Today's list includes XCEL Energy (XEL), Wisconsin Energy (WEC), Southern Company (SO), Realty Income (O), and NiSource (NI):

XCEL Energy (XEL)