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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy Capital Management
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  • Ambarella - Chart Of The Day

    The Chart of the Day belongs to Ambarella (NASDAQ:AMBA). I found the stock by sorting the All Time High list for the stocks having the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/24 the stock gained 17.42%.

    Ambarella, Inc. develops video compression and image processing semiconductors. The Company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems.

    (click to enlarge)

    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% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 4 new highs and up 19.86% in the last month
    • Relative Strength Index 71.86%
    • Barchart computes a technical support level at 57.24
    • Recently traded at 67.43 with a 50 day moving average of 56.03


    Fundamental factors:

     

    • Market Cap $2.0 billion
    • P/E 42.45
    • Revenue expected to grow 21.30% this year and another 22.90% next year
    • Earnings estimated to increase 29.80% next year and continue to compound at an annual rate of 21.60% for the next 5 years
    • Wall Street analysts issued 3 strong buy, 5 buy, 3 hold and 2 under perform recommendations on this issue.


    The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock and should continue to be used to determine entry and exit points.

    For further information on the Van Meerten New High portfolio on Marketocracy please click on the link and Follow the portfolio.

    Tags: AMBA
    Mar 04 4:40 PM | Link | Comment!
  • The 5 Best Mid Caps

    Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find which had the highest technical buy signals. I then used the Flipchart feature to find the charts I liked.

    Today's list includes Dick's Sporting Goods (NYSE:DKS), American Eagle Outfitters (NYSE:AEO), The Whitewave Foods Company (NYSE:WWAV), Webster Financial (NYSE:WBS) and Thor Industries (NASDAQ:THOR):

    Dick's Sporting Goods (DKS)

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 5.19% in the last month
    • Relative Strength Index 64.42%
    • Barchart computes a technical support level at 53.02
    • Recently traded at 56.08 with a 50 day moving average of 53.09

    America Eagle Outfitters (AEO)

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 5 new highs and up 8.13% in the last month
    • Relative Strength Index 68.06%
    • Barchart computes a technical support level at 14.56
    • Recently traded at 16.13 with a 50 day moving average of 14.32

    The Whitewave Foods Company (WWAV)

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 20.74% in the last month
    • Relative Strength Index 75.25%
    • Barchart computes a technical support level at 40.53
    • Recently traded at 41.69 with a 50 day moving average of 36.04

    Webster Financial (WBS)

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 8.43% in the last month
    • Relative Strength Index 65.51%
    • Barchart computes a technical support level at 34.43
    • Recently traded at 34.99 with a 50 day moving average of 34.09

    Thor Industries (NYSE:THO)

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 5.82% in the last month
    • Relative Strength Index 64.66%
    • Barchart computes a technical support level at 60.84
    • Recently traded at 61.85 with a 50 day moving average of 64.66

    If you are interested in how a portfolio of stocks chosen in this manner performs please click on this link and follow the Van Meerten New Highportfolio on Marketocracy.

    Tags: DKS, AEO, WWAV, WBS, THO
    Mar 04 11:21 AM | Link | Comment!
  • BARCHART MORNING CALL 3/4

    BARCHART MORNING CALL

    Wednesday, March 4th, 2015

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    OVERNIGHT MARKETS AND NEWS

    March E-mini S&Ps (ESH15 -0.31%) this morning are down -0.32% ahead of Feb ADP employment data and ahead of the Fed Beige Book, while European stock are up +0.06% after Eurozone Jan retail sales rose more than expected. Gains in European stocks were limited after the Eurozone Feb composite PMI grew less than expected. Asian stocks closed mixed: Japan -0.59%, Hong Kong -0.96%, China +0.65%, Taiwan +0.17%, Australia -0.54%, Singapore -0.19%, South Korea -0.07%, India -0.72%. Commodity prices are mostly lower due to strength in the dollar. Apr crude oil (CLJ15 +0.79%) is up +0.49% and Apr gasoline (RBJ15 -1.21%) is down -0.96%. Apr gold (GCJ15 +0.05%) is down -0.08%. May copper (HGK15 +0.30%) is down -0.19%. Agriculture prices are weaker. The dollar index (DXY00 +0.25%) is up +0.30% at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.40% at a 5-week low. USD/JPY (^USDJPY) is down -0.11%. Jun T-note prices (ZNM15 +0.07%) are down -0.50 of a tick.

    Eurozone Jan retail sales rose +1.1% m/m and +3.7% y/y, stronger than expectations of +0.2% m/m and +2.3% y/y with the +3.7% y/y gain the largest annual increase in nearly 9-1/2 years.

    The Eurozone Feb Markit composite PMI was revised downward by -0.2 to 53.3 from the originally reported 53.5, but still is the fastest pace of expansion in 7 months.

    The German Feb Markit services PMI was revised lower by -0.8 to 54.7 from the originally reported 55.5.

    The UK Feb Markit/CIPS services PMI unexpectedly fell -0.5 to 56.7, weaker than expectations of +0.3 to 57.5.

    The Reserve Bank of India (NYSE:RBA) unexpectedly lowered the benchmark repurchase rate by -25 bp to 7.50% with RBA Governor Rajan saying "given low capacity utilization and still-weak indicators of production and credit off-take, it is appropriate for the RBA to be pre-emptive in its policy action to utilize available space for monetary accommodation."

    U.S. STOCK PREVIEW

    Today's Feb ADP employment report is expected to show a respectable increase of +220,000, stronger than the +213,000 increase seen in January. Today's Feb ISM non-manufacturing index is expected to show a small -0.2 decline to 56.5, thus reversing January's small +0.2 point increase to 56.7. The Fed today will release its Beige Book report ahead of the March 17-18 FOMC meeting. There are 3 of the S&P 500 companies that report earnings today: H&R Block (consensus $-0.17), Brown-Forman (0.86), PetSmart (1.37).

    Equity conferences during the remainder of this week include: Cowen & Co. Health Care Conference on Mon-Wed, Citigroup Global Property CEO Conference on Mon-Wed, Raymond James & Associates Institutional Investors Conference on Mon-Wed, Morgan Stanley Technology Media & Telecom Conference on Mon-Thu, Bank of America Merrill Lynch Consumer & Retail Conference on Tue-Wed, J.P. Morgan Aviation, Transportation and Industrials Conference on Tue-Thu, Mitsubishi UFJ Securities 3rd Annual Seattle Consumer Conference on Wed, Morgan Stanley European MedTech & Services Conference on Wed, Simmons Energy Conference on Wed, UBS Natural Gas, Electric Power and MLP Conference on Wed, UBS Utilities and Natural Gas Conference on Wed, UBS Global Consumer Conference on Wed-Thu, Bank of America Merrill Lynch Refining Conference on Thu, Barclays Investment Grade Energy & Pipeline Conference on Thu, Pacific Crest Emerging Technology Summit on Thu, Morgan Stanley MLP/Diversified Natural Gas, Utilities Clean Tech Conference on Thu.

    OVERNIGHT U.S. STOCK MOVERS

    Alcoa (AA +1.54%) and Century Aluminum (CENX -1.44%) were both downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.

    Dick's Sporting Goods (DKS +1.05%) was downgraded to 'Hold' from 'Buy' at Needham.

    Best Buy (BBY +1.42%) was upgraded to 'Neutral' from 'Underperform' at Wedbush.

    Halyard Health (HYH -0.92%) reported Q4 adjusted EPS of $1.59, well above consensus of 77 cents.

    Trina Solar (TSL +1.19%) reported Q4 EPS of 13 cents, right on consensus, although Q4 revenue of $705.04 million was higher than consensus of $642.88 million.

    AutoZone (AZO +0.36%) was upgraded to 'Neutral' from 'Underperform' at Sterne Agee.

    VWR (VWR -0.76%) reported Q4 adjusted EPS of 43 cents, higher than consensus of 37 cents.

    McDonald's (MCD -0.26%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.

    ABM Industries (ABM -0.16%) reported Q1 adjusted EPS of 38 cents, better than consensus of 34 cents, and then raised guidacne on fiscal 2015 adjusted EPS view to $1.75-$1.85, above consensus of $1.75.

    Air France-KLM (AFLYY +0.91%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

    Cascade Investment reported a 7.9% stake in Strategic Hotels (BEE -1.82%) .

    Engility Holdings (EGL -1.40%) reported Q4 adjusted EPS of 67 cents, less than consensus of 69 cents.

    Bob Evans (BOBE +0.27%) plunged over 15% in after-hours trading after it reported Q3 EPS of 60 cents, below consensus of 70 cents, and then lowered guidance on fiscal 2015 EPS view to $1.40-$1.60 from $1.90 to $2.10, weaker than consensus of $1.97.

    MARKET COMMENTS

    Mar E-mini S&Ps (ESH15 -0.31%) this morning are down -6.75 points (-0.32%). The S&P 500 index on Tuesday slipped to a 1-week low and closed lower: S&P 500 -0.45%, Dow Jones -0.47%, Nasdaq -0.54%. Bearish factors included (1) weakness in automakers after Feb auto sales came in below expectations, (2) a sell-off in transportation stocks after railroad companies tumbled, and (3) weakness in healthcare stocks as biotechnology companies slumped after their recent run up.

    Jun 10-year T-notes (ZNM15 +0.07%) this morning are down -0.50 of a tick. Jun 10-year T-note futures prices on Tuesday fell to a 1-week low and closed lower. Closes: TYM5 -10.00, FVM5 -6.00. The main bearish factor was an increase in corporate supply after Activis Plc launched a $21 billion debt sale, which prompted bond dealers to hedge their purchases by selling long-term Treasuries. Losses were limited after a slide in the S&P 500 to a 1-week low boosted the safe-haven demand for T-notes.

    The dollar index (DXY00 +0.25%) this morning is up +0.285 (+0.30%) at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.0045 (-0.40%) at a 5-week low. USD/JPY (^USDJPY) is down -0.13 (-0.11%). The dollar index on Tuesday posted a 11-1/3 year high but shed its advance and closed lower: Dollar index -0.079 (-0.08%), EUR/USD -0.00077 (-0.07%), USD/JPY -0.402 (-0.33%). Bearish factors included (1) a rally in USD/JPY after a slide in stocks boosted safe-haven demand for the yen, and (2) the +2.9% m/m increase in German Jan retail sales, the largest monthly increase in 7 years which was supportive for EUR/USD.

    Apr WTI crude oil (CLJ15 +0.79%) this morning is up +25 cents (+0.49%) and Apr gasoline (RBJ15 -1.21%) is down -0.0188 (-0.96%). Apr crude and Apr gasoline prices on Tuesday closed higher: CLJ5 +0.93 (+1.88%), RBJ5 +0.0427 (+2.25%). Bullish factors included (1) a weaker dollar, and (2) expectations for Wednesday's EIA data to show gasoline inventories fell -1.75 million bbl and distillate stockpiles declined -2.0 million bbl. Gains in crude were muted on expectations that Wednesday's EIA data will show crude supplies rose +4.0 million bbl to the highest since EIA data began in 1982.

    GLOBAL EVENT CALENDAR03/04/2015

    US0700 ETWeekly MBA mortgage applications, previous -3.5% with purchase sub-index +4.6% and refi sub-index -7.5%.
     0815 ETFeb ADP employment change expected +220,000, Jan +213,000. Benchmark revisions.
     0900 ETChicago Fed President Charles Evans speaks on the economic outlook and monetary policy to the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast.
     0945 ETFinal-Feb Markit U.S. services PMI expected unrevised at 57.0, early-Feb +2.8 to 57.0. Final-Feb Markit U.S. composite PMI, prelim-Feb +2.4 to 56.8.
     1000 ETFeb ISM non-manufacturing index expected -0.2 to 56.5, Jan +0.2 to 56.7.
     1030 ETEIA Weekly Petroleum Status Report.
     1300 ETKansas City Fed President Esther George speaks on the economy at an event in Kansas City, MO.
     1400 ETFed Beige Book.
    GER0355 ETRevised German Feb Markit services PMI, previous +1.5 to 55.5.
    EUR0400 ETRevised Eurozone Feb Markit composite PMI, previous +0.9 to 53.5.
     0500 ETEurozone Jan retail sales expected +0.2% m/m and +2.3% y/y, Dec +0.3% m/m and +2.8% y/y.
    UK0430 ETUK Feb Markit/CIPS services PMI expected +0.3 to 57.5, Jan 57.2.

    U.S. STOCK CALENDAR03/04/2015

    CompanyTickerTimeEvent DescriptionPeriodEstimate
    PetSmart IncPETM USBef-mktQ4 2015 Earnings ReleaseQ4 20151.373
    Halyard Health IncHYH USBef-mktQ4 2014 Earnings ReleaseQ4 20140.765
    VWR CorpVWR USBef-mktQ4 2014 Earnings ReleaseQ4 20140.367
    Fastenal CoFAST US7:00February 2015 Sales and Revenue Release2015 
    Abercrombie & Fitch CoANF US7:30Q4 2015 Earnings ReleaseQ4 20151.147
    Brown-Forman CorpBF/B US8:00Q3 2015 Earnings ReleaseQ3 20150.864
    Abercrombie & Fitch CoANF US8:30Q4 2015 Earnings CallQ4 2015 
    VWR CorpVWR US8:30Q4 2014 Earnings CallQ4 2014 
    Exxon Mobil CorpXOM US9:00Analyst MeetingY 2015 
    Progressive Corp/ThePGR US9:00Investor Relations Conference Call  
    Halyard Health IncHYH US9:00Q4 2014 Earnings CallQ4 2014 
    Cabela's IncCAB US9:30Analyst & Investor DayY 2015 
    Honeywell International IncHON US10:00Investor ConferenceY 2015 
    Brown-Forman CorpBF/B US10:00Q3 2015 Earnings CallQ3 2015 
    Tyco International PlcTYC US10:00Annual General MeetingY 2015 
    Middleby Corp/TheMIDD US10:30Q4 2014 Earnings CallQ4 2014 
    H&R Block IncHRB US16:30Q3 2015 Earnings CallQ3 2015 
    H&R Block IncHRB USAft-mktQ3 2015 Earnings ReleaseQ3 2015-0.166
    Greif IncGEF USAft-mktQ1 2015 Earnings ReleaseQ1 20150.355
    Helmerich & Payne IncHP US Annual General MeetingY 2015 
    Hill-Rom Holdings IncHRC US Annual General Meeting  
    Apple IncAAPL US Trial Begins-U.S. Ct of Appeals: Apple vs. Samsung in Patent-Infringement Case  
    Manitowoc Co Inc/TheMTW US ITC Final Decision Due on Manitowoc vs. Sany Heavy Patent-Infringement Case  
    PTC IncPTC US Annual General Meeting  
    AutoNation IncAN US February 2015 Sales and Revenue Release2015 
    AECOMACM US Annual General Meeting  
    Xcel Energy IncXEL US Investor Meeting - BostonY 2015 

    Tags: AA, CENX, DKS, BBY, HYH, TSL, AZO, VWR, MCD, ABM, AFLYY, BEE, EGL, BOBE, PETM, FAST, ANF, BF.B, XOM, PGR, CAB, HON, TYC, MIDD, HRB, GEF, HP, HRC, AAPL, MTW, PTC, AN, ACM, XEL
    Mar 04 10:41 AM | Link | Comment!
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  • $AMBA - 100% Barchart technical buy signals - 4 new highs and up 1986% in the last month - Relative Strength Index 71.76%
    about 6 hours ago
  • $THO - 96% Barchart technical buy signals - 9 new highs and up 5.82% in the last month - Relative Strength Index 64.66%
    about 12 hours ago
  • $WBS - 96% Barchart technical buy signals - 9 new highs and up 8.43% in the last month - Relative Strength Index 65.51%
    about 12 hours ago
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