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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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  • EPAM Systems - Chart Of The Day

    The Chart of the Day belongs to EPAM Systems (NYSE:EPAM). I found the computer programming stock by using Barchart to sort the Russell 3000 Index stocks for both a Weighted Alpha of at least 50.00+ and technical buy signals of 80% or better. Since the Trend Spotter signal ed a buy on 9/30 the stock gained 1.27%.

    EPAM Systems, Inc. is an IT services provider engaged in providing software product development services, software engineering and custom development solutions. Its software product development services include product research, design and prototyping, product development, component design and integration. Its custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration. The Company also provides application testing services consisting of software application testing, testing for enterprise IT, and consulting services. It serves banking, financial services, business information, media, travel and hospitality, retail, energy, telecommunications, automotive, manufacturing, life sciences industries and the government. EPAM Systems, Inc. is headquartered in Newtown, Pennsylvania.

    (click to enlarge)

    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 web site when you read this report.

    Barchart technical indicators:

    • 88% Barchart technical buy signals
    • 67.00+ Weighted Alpha
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 11 new highs and up 9.32% in the last month
    • Relative Strength Index 60.41%
    • Barchart computes a technical support level at 68.64
    • Recently traded at 75.43 with a 50 day moving average of 71.57

    Fundamental factors:


    • Market Cap $3.69 billion
    • P/E 43.08
    • Revenue expected to grow 24.70% this year and another 23.20% next year
    • Earnings estimated to increase 21.20% this year, an additional 23.00% next year and continue to increase at an annual rat of 20.00% for the next 5 years
    • Wall Street analysts issued 5 strong buy, 4 buy and 5 hold recommendations on the stock

    The 20-100 Day MACD Oscillator has been the most effective technical trading strategy for this stock.

    Tags: EPAM
    Oct 01 4:08 PM | Link | Comment!
  • The 2 Best NASDAQ 100 Stocks

    Today I used Barchart to sort the NASDAQ 100 Index stock for those having both a technical buy signal of 80% or better and also a Weighted Alpha of 50.00+. Today only one made the list; Activision Blizzard (NASDAQ:ATVI) and another one was close; Nvidia (NASDAQ:NVDA).

    Activision Blizzard

    Barchart technical indicators:


    • 80% Barchart technical buy signals
    • 56.94+ Weighted Alpha
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 11.13% in the last month
    • Relative Strength Index 59.33%
    • Barchart computes a technical support level at 30.04
    • Recently traded at 31.60 with a 50 day moving average of 28.65


    Barchart technical indicators:


    • 100% Barchart technical buy signals
    • 31.50+ Weighted Alpha
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 7 new highs and up 8.45% in the last month
    • Relative Strength Index 67.27%
    • Barchart computes a technical support level at 23.48
    • Recently traded at 24.09 with a 50 day moving average of 22.11
    Tags: ATVI, NVDA
    Oct 01 2:47 PM | Link | Comment!


    Thursday, October 1st, 2015View Older Reports

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

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


    December E-mini S&Ps (ESZ15 +0.29%) are up +0.65% and European stocks are up +0.59% at a 1-week high on signs of stabilization in Chinese manufacturing activity that pushed up the price of oil (CLX15 +2.24%) by +2.42% and fueled a rally in energy and basic-resource companies. Copper prices (HGZ15 +0.26%) also climbed +0.56% to a 1-week high, which gave miners a lift with Anglo American Plc and BHP Billiton both up nearly 3%. Asian stocks settled higher: Japan +1.92%, Hong Kong and China closed for holiday, Taiwan +1.40%, Australia +1.80%, Singapore +0.39%, South Korea +0.81%, India +0.25%. An unexpected increase in the China Sep manufacturing PMI bolstered confidence in China's economic outlook and gave global stocks a lift, while a bigger than expected decline in Japan Q3 Tankan large manufacturing business conditions undercut the yen and gave Japanese stocks a lift on speculation that the BOJ may need to expand stimulus.

    The dollar index (DXY00 -0.04%) is up +0.03%. EUR/USD (^EURUSD) is down -0.27%. USD/JPY (^USDJPY) is up +0.08%.

    Dec T-note prices (ZNZ15 +0.01%) are down -2 ticks.

    The China Sep manufacturing PMI unexpectedly rose +0.1 to 49.8, better than expectations of no change at 49.7. The Sep non-manufacturing PMI remained unch at 53.4.

    The Japan Q3 Tankan large manufacturing business conditions fell -3 from last quarter to 12, a bigger decline than expectations of -2 to 13.


    Key U.S. news today includes: (1) Sep Challenger job cuts (Aug +2.9% y/y), (2) weekly initial unemployment claims (expected +4,000 to 271,000, previous +3,000 to 267,000) and continuing claims (expected -12,000 to 2.230 million, previous -1,000 to 2.242 million), (3) final-Sep Markit manufacturing PMI (expected unch at 53.0, prelim-Sep unch at 53.0), (4) Aug construction spending (expected +0.5%, Jul +0.7% m/m), (5) Sep ISM manufacturing index (expected -0.5 to 50.6, Aug -1.6 to 51.1), (6) San Francisco Fed President John Williams' speech on the economic outlook to Salt Lake Area Community Leaders, and (7) Sep total vehicle sales (expected 17.60 million, Aug 17.72 million).

    There are 2 of the Russell 2000 companies that report earnings today: McCormick & Co (consensus $0.87), Micron Technology (0.87).

    U.S. IPO's scheduled to price today include: Novocure (NASDAQ:NVCR), Civitas Solutions (NYSE:CIVI).

    Equity conferences during the remainder of this week include: Leerink Partners Rare Disease Roundtable Conference on Thu.


    SanDisk (SNDK +10.67%) was raised to 'Overweight' from 'Equalweight' at Morgan Stanley with a price target of $75.

    McCormick (MKC +1.22%) reported Q3 EPS of 85 cents, below consensus of 87 cents.

    Microsoft (MSFT +1.89%) was raised to 'Neutral' from 'Underperform' at Bank of America.

    Universal Health Services (UHS +3.01%) was raised to 'Overweight' from 'Sector Weight' at Keybanc Capital Markets with a $145 price target.

    Celgene (CELG +2.69%) was raised to 'Overweight' from 'Neutral' at JPMorgan Chase with a $152 price target.

    Bristol-Meyers Squiibb (BMY +0.42%) received approval from the U.S. FDA for its Opdivo, Yervoy regiment usedto treat metastatic melanoma.

    Schnitzer (SCHN +0.74%) raised guidance on Q4 adjusted continuing operation EPS to 27 cents-30 cents, above consensus of 24 cents.

    Verisk Analytics (VRSK +2.30%) rose nearly 5% in after-hours trading after it was announced the company will replace Joy Global in the S&P 500 as of the close of trading on Oct 7.

    Joy Global (JOY +0.95%) fell over 2% in after-hours trading after it was announced the company will be replaced in the S&P 500 by Verisk Analytics.

    PBF Energy (PBF +2.21%) climbed over 4% in after-hours trading after the company said it bought the 155,000 barrel-per-day Torrance, CA, refinery from Exxon Mobil for $537.5 million plus working capital to be valued at closing.

    Concho Resources (CXO +1.76%) fell 4% in after-hours trading after it announced an offering of 7 million shares of common stock.

    Northrop Grumman (NOC +1.47%) won a U.S. Air Force contract worth up to $3.2 billion to build and service the Global Hawk drone.


    Dec E-mini S&Ps (ESZ15 +0.29%) this morning are up +12.50 points (+0.65%). Wednesday's closes: S&P 500 +1.91%, Dow Jones +1.47%, Nasdaq +2.39%. The S&P 500 on Wednesday closed sharply higher on the +200,000 increase in the Sep ADP employment change, stronger than expectations of +190,000. There was also bargain hunting in raw-material producers and health-care stocks that have been beaten down recently. The main bearish factor for stocks was the -5.7 point decline in the Sep Chicago PMI to a 4-month low of 48.7.

    Dec 10-year T-notes (ZNZ15 +0.01%) this morning are down -2 ticks. Wednesday's closes: TYZ5 -2.50, FVZ5 -1.00. Dec T-note prices on Wednesday closed lower on the the sharp rally in stocks, which curbed safe-haven demand for Treasuries, and on the stronger-than-expected Sep ADP employment report of +200,000. T-notes found underlying support from the decline in the Sep Chicago PMI to a 4-month low.

    The dollar index (DXY00 -0.04%) this morning is up +0.030 (+0.03%). EUR/USD (^EURUSD) is own -0.0030 (-0.27%). USD/JPY (^USDJPY) is up +0.10 (+0.08%). Wednesday's closes: Dollar Index +0.495 (+0.52%), EUR/USD -0.0072 (-0.64%), USD/JPY +0.14 (+0.12%). The dollar index on Wednesday closed higher on the larger-than-expected increase in Sep ADP employment report, which bolsters the case for a Fed interest rate increase this year. There was also weakness in EUR/USD on speculation the ECB may expand stimulus measures to fight deflation after Eurozone Sep CPI unexpectedly fell-0.1% y/y, weaker than expectations of unch y/y and the first decline in 6 months.

    Nov crude oil (CLX15 +2.24%) this morning is up +$1.09 a barrel (+2.42%) and Nov gasoline (RBX15 +3.06%) is up +0.0419 (+3.07%). Wednesday's closes: CLX5 -0.14 (-0.31%), RBX5 -0.0170 (+1.26%). Nov crude oil and gasoline Wednesday settled mixed. Crude oil and gasoline were undercut by the unexpected +3.955 million bbl increase in EIA crude inventories (vs expectations of -500,000 bbl) and the unexpected +3.254 million bbl jump in EIA gasoline inventories (vs expectations of -500,000 bbl). Supportive factors included the -0.4% decline in U.S. crude production in the week ended Sep 25 to a 9-3/4 month low of 9.1 million bpd and the -1.068 million bbl decline in crude inventories at Cushing to a 6-1/2 month low.


    US0730 ETSep Challenger job cuts, Aug +2.9% y/y.
     0830 ETWeekly initial unemployment claims expected +4,000 to 271,000, previous +3,000 to 267,000. Weekly continuing claims expected -12,000 to 2.230 million, previous -1,000 to 2.242 million.
     0830 ETUSDA weekly Export Sales.
     0945 ETFinal-Sep Markit manufacturing PMI expected unch at 53.0, prelim-Sep unch at 53.0.
     1000 ETAug construction spending expected +0.5%, Jul +0.7% m/m.
     1000 ETSep ISM manufacturing index expected -0.5 to 50.6, Aug -1.6 to 51.1. Sep ISM new orders sub-index, Aug -4.8 to 51.7. Sep ISM employment sub-index, Aug -1.5 to 51.2. Sep ISM prices paid sub-index expected +1.0 to 40.0, Aug -5.0 to 39.0.
     1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Oct 6-8.
     1430 ETSan Francisco Fed President John Williams speaks on the economic outlook to Salt Lake Area Community Leaders.
     n/aSep total vehicle sales expected 17.60 million, Aug 17.72 million. Sep domestic vehicle sales expected 13.80 million, Aug 13.80 million.
    JPN0100 ETJapan Sep vehicle sales, Aug +2.3% y/y.
     1930 ETJapan Aug jobless rate expected unch at 3.3%. Aug job-to-applicant ratio expected unch at 1.21.
     1930 ETJapan Aug overall household spending expected +0.3% y/y, Jul -0.2% y/y.
    GER0355 ETRevised German Sep Markit/BME manufacturing PMI, previous -0.8 to 52.5.
    EUR0400 ETRevised Eurozone Sep Markit manufacturing PMI, previous -0.3 to 52.0.
     0930 ETECB President Mario Draghi speaks at the Atlantic Council Global Citizens Award ceremony in Washington, D.C.
    UK0430 ETUK Sep Markit manufacturing PMI expected -0.2 to 51.3, Aug 51.5.

    U.S. STOCK CALENDAR10/01/2015

    CompanyTickerTimeEvent DescriptionPeriodEstimate
    McCormick & Co Inc/MDMKC USBef-mktQ3 2015 Earnings ReleaseQ3 20150.866
    McCormick & Co Inc/MDMKC US8:00Q3 2015 Earnings CallQ3 2015 
    Clorox Co/TheCLX US9:00Analyst DayY 2015 
    Dunkin' Brands Group IncDNKN US9:00Investor & Analyst DayY 2015 
    Ford Motor CoF US9:15September 2015 Sales and Revenue Release2015 
    Ford Motor CoF US10:00September 2015 Sales and Revenue Call2015 
    Home Properties IncHME US10:00Extraordinary Shareholders Meeting - M&A VoteY 2015 
    General Motors CoGM US10:00Business Update Call  
    Macerich Co/TheMAC US11:00Investor MeetingY 2015 
    Micron Technology IncMU US16:30Q4 2015 Earnings CallQ4 2015 
    Micron Technology IncMU USAft-mktQ4 2015 Earnings ReleaseQ4 20150.335
    Rite Aid CorpRAD US September 2015 Sales and Revenue Release  
    John Wiley & Sons IncJW/A US Annual General Meeting  
    Ameren CorpAEE US Investor Meeting - BostonY 2015

    Oct 01 2:18 PM | Link | Comment!
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  • $CMN - 88% Barchart technical buy signals - 11 new highs and up 15.58% in the last month Relative Strength Index 61.41%
    3 days ago
  • $EPAM - 88% Barchart technical buy signals - 11 new highs and up 9.32% in the last month - Relative Strength Index 60.41%
    3 days ago
  • $ATVI - 80% Barchart technical buy signals - 12 new highs and up 11.13% in the last month - Relative Strength Index 59.33%
    3 days ago
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