ARN Daily Basic: Daily Analysts’ Updates for 7/29/2014

Analysts’ Upgrades

  • African Barrick Gold PLC (LON:ABG) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 330 ($5.60) price target on the stock, up previously from GBX 260 ($4.42). Tweet This.
  • African Barrick Gold Ltd (NASDAQ:ABGLY) was upgraded by analysts at Numis Securities Ltd from a “hold” rating to a “buy” rating. Previous closing price of $9.10. Tweet This.
  • American Capital Agency Corp. (NASDAQ:AGNC) was upgraded by analysts at Wunderlich from a “hold” rating to a “buy” rating. They now have a $26.50 price target on the stock. 11.9% upside from the previous close of $23.69. Tweet This.
  • Albemarle Co. (NYSE:ALB) was upgraded by analysts at Topeka Capital Markets from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock, up previously from $68.00. 32.1% upside from the previous close of $68.88. Tweet This.
  • Barclays PLC (LON:BARC) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 280 ($4.75) price target on the stock. Tweet This.
  • Barclays (NYSE:BCS) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. Previous closing price of $14.85. Tweet This.
  • Bank of Hawaii Co. (NYSE:BOH) was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $65.00 price target on the stock, up previously from $62.00. 15.8% upside from the previous close of $56.11. Tweet This.
  • Brammer plc (LON:BRAM) was upgraded by analysts at Investec to a “buy” rating. They now have a GBX 435 ($7.39) price target on the stock, down previously from GBX 450 ($7.64). Tweet This.
  • British Sky Broadcasting Group plc (LON:BSY) was upgraded by analysts at Westhouse Securities to an “add” rating. They now have a GBX 985 ($16.73) price target on the stock. Tweet This.
  • BTG plc (LON:BTG) was upgraded by analysts at Jefferies Group to a “buy” rating. They now have a GBX 760 ($12.91) price target on the stock, up previously from GBX 525 ($8.91). Tweet This.
  • Columbia Sportswear Company (NASDAQ:COLM) was upgraded by analysts at McAdams Wright Ragen from a “sell” rating to a “hold” rating. Previous closing price of $77.14. Tweet This.
  • Costco Wholesale Co. (NASDAQ:COST) was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “conviction-buy” rating. They now have a $136.00 price target on the stock. 16.1% upside from the previous close of $117.12. Tweet This.
  • Ducommun Incorporated (NYSE:DCO) was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. 20.6% upside from the previous close of $23.21. Tweet This.
  • Duke Realty Corp (NYSE:DRE) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating. They now have a $18.25 price target on the stock. 0.4% upside from the previous close of $18.17. Tweet This.
  • Family Dollar Stores, Inc. (NYSE:FDO) was upgraded by analysts at Piper Jaffray from an “underweight” rating to a “neutral” rating. They now have a $74.50 price target on the stock, up previously from $50.00. 1.6% downside from the previous close of $75.74. Tweet This.
  • Ferrellgas Partners, L.P. (NYSE:FGP) was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $24.00 price target on the stock, up previously from $18.00. 6.2% downside from the previous close of $25.59. Tweet This.
  • GKN plc (LON:GKN) was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 435 ($7.39) price target on the stock. Tweet This.
  • HSBC Holdings plc (LON:HSBA) was upgraded by analysts at DBS Vickers to a “buy” rating. They now have a GBX 711.65 ($12.08) price target on the stock. Tweet This.
  • Landstar System, Inc. (NASDAQ:LSTR) was upgraded by analysts at BB&T Corp. from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. 27.5% upside from the previous close of $66.68. Tweet This.
  • MicroStrategy Incorporated (NASDAQ:MSTR) was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating. They now have a $170.00 price target on the stock. 23.6% upside from the previous close of $137.53. Tweet This.
  • Matador Resources Co (NYSE:MTDR) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $32.00 price target on the stock, up previously from $28.00. 18.3% upside from the previous close of $27.04. Tweet This.
  • Markwest Energy Partners LP (NYSE:MWE) was upgraded by analysts at Wunderlich from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock, up previously from $68.00. 15.2% upside from the previous close of $72.02. Tweet This.
  • Higher One Holdings Inc. (NYSE:ONE) was upgraded by analysts at Piper Jaffray from an “underweight” rating to an “overweight” rating. They now have a $6.50 price target on the stock. 52.6% upside from the previous close of $4.26. Tweet This.
  • Pharmacyclics, Inc. (NASDAQ:PCYC) was upgraded by analysts at Leerink Swann from a “market perform” rating to an “outperform” rating. They now have a $142.00 price target on the stock, up previously from $102.00. 30.9% upside from the previous close of $108.50. Tweet This.
  • Petra Diamonds Limited (LON:PDL) was upgraded by analysts at Beaufort Securities to a “buy” rating. Tweet This.
  • Provident Financial Services, Inc. (NYSE:PFS) was upgraded by analysts at Sterne Agee from a “neutral” rating to a “buy” rating. They now have a $19.00 price target on the stock. 14.7% upside from the previous close of $16.56. Tweet This.
  • Rio Tinto Limited (ASX:RIO) was upgraded by analysts at Barclays from an “equal weight” rating to a “buy” rating. Tweet This.
  • Sally Beauty Holdings, Inc. (NYSE:SBH) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. Previous closing price of $24.40. Tweet This.
  • Sarepta Therapeutics Inc (NASDAQ:SRPT) was upgraded by analysts at WBB Securites from a “speculative buy” rating to a “buy” rating. Previous closing price of $19.90. Tweet This.
  • Standard Chartered PLC (LON:STAN) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating. Tweet This.
  • Strayer Education Inc (NASDAQ:STRA) was upgraded by analysts at Deutsche Bank from a “sell” rating to a “hold” rating. They now have a $50.00 price target on the stock, up previously from $40.00. 4.8% upside from the previous close of $47.70. Tweet This.
  • Tullett Prebon Plc (LON:TLPR) was upgraded by analysts at HSBC to an “overweight” rating. They now have a GBX 311 ($5.28) price target on the stock. Tweet This.
  • Tesco PLC (LON:TSCO) was upgraded by analysts at Shore Capital to a “hold” rating. Tweet This.
  • Tyson Foods, Inc. (NYSE:TSN) was upgraded by analysts at Miller Tabak from a “hold” rating to a “buy” rating. Previous closing price of $40.56. Tweet This.
  • WPX Energy Inc (NYSE:WPX) was upgraded by analysts at Tudor Pickering from a “hold” rating to an “accumulate” rating. Previous closing price of $21.35. Tweet This.
  • Zions Bancorporation (NASDAQ:ZION) was upgraded by analysts at Bernstein to a “market perform” rating. Previous closing price of $29.42. Tweet This.
  • Zions Bancorporation (NASDAQ:ZION) was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. 2.0% upside from the previous close of $29.42. Tweet This.
  • Get today’s most recent analysts’ upgrades at AnalystRatings.net

Analysts’ Downgrades

  • AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating. They now have a $8.00 price target on the stock, down previously from $14.00. 25.2% upside from the previous close of $6.39. Tweet This.
  • Aberdeen Asset Management plc (LON:ADN) was downgraded by analysts at Societe Generale to a “hold” rating. They now have a GBX 465 ($7.90) price target on the stock. Tweet This.
  • Alliance Fiber Optic Products Inc (NASDAQ:AFOP) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $18.00 price target on the stock, down previously from $22.00. 8.3% upside from the previous close of $16.62. Tweet This.
  • The Allstate Co. (NYSE:ALL) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating. Previous closing price of $57.94. Tweet This.
  • Amkor Technology, Inc. (NASDAQ:AMKR) was downgraded by analysts at Credit Suisse from an “outperform” rating to a “neutral” rating. Previous closing price of $9.80. Tweet This.
  • Avery Dennison Corp (NYSE:AVY) was downgraded by analysts at Topeka Capital Markets from a “buy” rating to a “hold” rating. They now have a $54.00 price target on the stock, down previously from $59.00. 10.3% upside from the previous close of $48.95. Tweet This.
  • Alumina Limited (ASX:AWC) was downgraded by analysts at Deutsche Bank to a “hold” rating. They now have a $1.45 price target on the stock. Tweet This.
  • Armstrong World Industries, Inc. (NYSE:AWI) was downgraded by analysts at Goldman Sachs from a “conviction-buy” rating to a “buy” rating. Previous closing price of $49.60. Tweet This.
  • Barnes Group Inc. (NYSE:B) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock, down previously from $46.00. 9.5% upside from the previous close of $36.54. Tweet This.
  • BreitBurn Energy Partners L.P. (NASDAQ:BBEP) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $22.00 price target on the stock, up previously from $21.00. 0.4% upside from the previous close of $21.91. Tweet This.
  • C.R. Bard, Inc. (NYSE:BCR) was downgraded by analysts at Bank of America to an “underperform” rating. Previous closing price of $153.13. Tweet This.
  • Black Diamond Inc (NYSE:BDE) was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating. They now have a $8.00 price target on the stock, down previously from $13.00. 20.0% downside from the previous close of $10.00. Tweet This.
  • Corelogic Inc (NASDAQ:CLGX) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $32.00 price target on the stock, down previously from $36.00. 14.7% upside from the previous close of $27.90. Tweet This.
  • Dollar Tree, Inc. (NASDAQ:DLTR) was downgraded by analysts at Johnson Rice from an “overweight” rating to an “equal weight” rating. Previous closing price of $54.87. Tweet This.
  • Dollar Tree, Inc. (NASDAQ:DLTR) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $59.00 price target on the stock, down previously from $69.00. 7.5% upside from the previous close of $54.87. Tweet This.
  • First Potomac Realty Trust (NYSE:FPO) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. Previous closing price of $13.36. Tweet This.
  • Golar LNG Partners (NASDAQ:GMLP) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $38.00 price target on the stock, up previously from $35.00. 10.1% upside from the previous close of $34.52. Tweet This.
  • Gol Linhas Aereas Inteligentes SA (NYSE:GOL) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. Previous closing price of $6.77. Tweet This.
  • Hovnanian Enterprises, Inc. (NYSE:HOV) was downgraded by analysts at Sidoti from a “buy” rating to a “neutral” rating. Previous closing price of $4.29. Tweet This.
  • Horizon Pharma Inc (NASDAQ:HZNP) was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating. They now have a $9.00 price target on the stock, down previously from $22.00. 1.5% downside from the previous close of $9.14. Tweet This.
  • Impax Laboratories Inc (NASDAQ:IPXL) was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating. Previous closing price of $28.03. Tweet This.
  • JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) was downgraded by analysts at Axiom Securities from a “buy” rating to a “hold” rating. Previous closing price of $9.48. Tweet This.
  • Jardine Lloyd Thompson Group plc (LON:JLT) was downgraded by analysts at Numis Securities Ltd to a “hold” rating. They now have a GBX 1,120 ($19.02) price target on the stock, down previously from GBX 1,190 ($20.21). Tweet This.
  • Legacy Reserves LP (NASDAQ:LGCY) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $32.50 price target on the stock, up previously from $27.00. 1.5% upside from the previous close of $32.02. Tweet This.
  • Navitas Limited (ASX:NVT) was downgraded by analysts at Deutsche Bank to a “hold” rating. They now have a $5.10 price target on the stock. Tweet This.
  • Plum Creek Timber Company Inc. (NYSE:PCL) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. Previous closing price of $43.91. Tweet This.
  • Petra Diamonds Limited (LON:PDL) was downgraded by analysts at Numis Securities Ltd to an “add” rating. They now have a GBX 240 ($4.08) price target on the stock, up previously from GBX 220 ($3.74). Tweet This.
  • PRGX Global Inc (NASDAQ:PRGX) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating. Previous closing price of $6.52. Tweet This.
  • Reckitt Benckiser Group Plc (LON:RB) was downgraded by analysts at Numis Securities Ltd to a “hold” rating. They now have a GBX 5,600 ($95.09) price target on the stock. Tweet This.
  • Regal Entertainment Group (NYSE:RGC) was downgraded by analysts at Ascendiant Capital Markets from a “buy” rating to a “hold” rating. They now have a $22.50 price target on the stock. 12.3% upside from the previous close of $20.03. Tweet This.
  • RBC Bearings Incorporated (NASDAQ:ROLL) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating. They now have a $66.00 price target on the stock. 11.5% upside from the previous close of $59.19. Tweet This.
  • Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating. Previous closing price of $22.90. Tweet This.
  • Seaspan Co. (NYSE:SSW) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating. They now have a $22.00 price target on the stock, down previously from $25.00. 7.7% downside from the previous close of $23.84. Tweet This.
  • STMicroelectronics NV (ADR) (NYSE:STM) was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. Previous closing price of $8.59. Tweet This.
  • STMicroelectronics NV (ADR) (NYSE:STM) was downgraded by analysts at Bernstein from a “market perform” rating to an “underperform” rating. They now have a $7.15 price target on the stock, down previously from $8.19. 16.8% downside from the previous close of $8.59. Tweet This.
  • Spectris plc (LON:SXS) was downgraded by analysts at Canaccord Genuity to a “hold” rating. They now have a GBX 2,400 ($40.75) price target on the stock, down previously from GBX 2,700 ($45.85). Tweet This.
  • Thoratec Co. (NASDAQ:THOR) was downgraded by analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating. Previous closing price of $32.28. Tweet This.
  • Trulia Inc (NASDAQ:TRLA) was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating. Previous closing price of $65.04. Tweet This.
  • Trulia Inc (NASDAQ:TRLA) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating. They now have a $71.00 price target on the stock, up previously from $42.00. 9.2% upside from the previous close of $65.04. Tweet This.
  • Vanguard Natural Resources, LLC (NYSE:VNR) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $34.00 price target on the stock, up previously from $32.00. 3.7% upside from the previous close of $32.80. Tweet This.
  • Wal-Mart Stores, Inc. (NYSE:WMT) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating. They now have a $83.00 price target on the stock. 9.6% upside from the previous close of $75.71. Tweet This.
  • Get today’s most recent analysts’ downgrades at Analyst Ratings.net

Analysts’ New Coverage

  • 7Digital Group PLC (LON:7DIG) is now covered by analysts at Investec. They set a “buy” rating and a GBX 37 ($0.63) price target on the stock. Tweet This.
  • Abengoa Yield PLC (NYSE:ABY) is now covered by analysts at HSBC. They set a “neutral” rating and a $40.00 price target on the stock. 1.7% upside from the previous close of $39.33. Tweet This.
  • Boston Scientific Co. (NYSE:BSX) is now covered by analysts at Sterne Agee. They set a “neutral” rating and a $13.50 price target on the stock. They noted that the move was a valuation call. 4.1% upside from the previous close of $12.97. Tweet This.
  • Diamond Offshore Drilling Inc (NYSE:DO) is now covered by analysts at Nordea Equity Research. They set a “sell” rating and a $38.00 price target on the stock. 19.7% downside from the previous close of $47.30. Tweet This.
  • Endologix, Inc. (NASDAQ:ELGX) is now covered by analysts at Credit Suisse. They set an “outperform” rating on the stock. Previous closing price of $13.87. Tweet This.
  • Emerge Energy Services LP (NASDAQ:EMES) is now covered by analysts at Cowen and Company. They set an “outperform” rating and a $124.00 price target on the stock. 11.4% upside from the previous close of $111.30. Tweet This.
  • Lombard Medical Inc (NASDAQ:EVAR) is now covered by analysts at Credit Suisse. They set an “outperform” rating on the stock. Previous closing price of $6.00. Tweet This.
  • Integra Gold Corp (TSXVENTURE:ICG) is now covered by analysts at Jennings Capital. They set a “speculative buy” rating and a C$0.50 price target on the stock. Tweet This.
  • LSB Industries Inc. (NYSE:LXU) is now covered by analysts at Feltl & Co.. They set a “buy” rating on the stock. Previous closing price of $38.87. Tweet This.
  • Pine Cliff Energy Ltd (CVE:PNE) is now covered by analysts at National Bank Financial. They set an “outperform” rating and a C$2.25 price target on the stock. 21.6% upside from the previous close of $1.85. Tweet This.
  • Stuart Olson Inc (TSE:SOX) is now covered by analysts at National Bank Financial. They set an “outperform” rating and a C$12.50 price target on the stock. 26.6% upside from the previous close of $9.87. Tweet This.
  • St. Jude Medical, Inc. (NYSE:STJ) is now covered by analysts at Sterne Agee. They set a “neutral” rating and a $74.00 price target on the stock. 10.8% upside from the previous close of $66.76. Tweet This.
  • Westfield Corp (ASX:WFD) is now covered by analysts at Morningstar. They set a “fair value” rating and a $8.00 price target on the stock. Tweet This.
  • Zafgen Inc (NASDAQ:ZFGN) is now covered by analysts at JMP Securities. They set an “outperform” rating and a $31.00 price target on the stock. 66.0% upside from the previous close of $18.67. Tweet This.
  • Zoopla Property Group PLC (LON:ZPLA) is now covered by analysts at Credit Suisse. They set an “outperform” rating and a GBX 290 ($4.92) price target on the stock. Tweet This.
  • Get today’s most recent analysts’ new coverage at Analyst Ratings.net

POLITICO Breaking News @politico

President Barack Obama on Tuesday again escalated U.S. sanctions against Russia in the energy, arms and finance sectors, but said the international tensions are “not a new cold war.”

“Today, Russia is once again isolating itself from the international community, setting back decades of genuine process,” Obama said from the South Lawn of the White House, later adding, “it does not have to be this way. This is a choice that Russia and President Putin in particular have made.”

Obama’s statement came after European leaders agreed to dramatically intensify the squeeze on Moscow over its alleged efforts to foment unrest in Ukraine.

Key Market Reports and Commentary for Tuesday 29/07/2014

Morning Markets Report
Prepared on Tuesday, July 29, 2014

 

Summary
The Dow Future is up 33 points to 16949. The US Dollar Index advanced 0.052 points to 81.063. Gold has gained 2.96 dollars to 1307.40. Silver is higher 0.091 dollars to 20.668. The Dow Industrials rose 22.02 points, at 16982.59, while the S&P 500 climbed 0.57 points, last seen at 1978.91. The Nasdaq Composite moved lower 3.83 points to 4445.73. Streaming charts of these markets are available 24/7 at MarketClub

Blog Postings and Videos
The Truth About Amazon
Monday Jul 28th

Why The Next Stock Market Crash Could Happen Any Day Now
Monday Jul 28th

Sun Tzu and the Art of War for Traders
Sunday Jul 27th

Key Events for Tuesday

7:45 AM ET. ICSC-Goldman Sachs Chain Store Sales Index

 

Chain Store Sales Index – WoW (previous -0.4%)

 

Chain Store Sales Index – YoY (previous +2.8%)

 

8:55 AM ET. Johnson Redbook Retail Sales Index

 

MoM % Change (previous -0.3%)

 

12MonChgPct (previous +3.9%)

 

52WkChgPct (previous +3.7%)

 

9:00 AM ET. May S&P / Case-Shiller Home Price Index

 

10-city Index, M/M (previous +1%)

 

10-city Index, Y/Y (previous +10.8%)

 

20-city Index, M/M (previous +1.1%)

 

20-city Index, Y/Y (previous +10.8%)

 

National Q/Q

 

National Y/Y

 

10:00 AM ET. 2nd Quarter U.S. Housing Vacancies

 

10:00 AM ET. July Consumer Confidence Index

 

Consumer Confidence Index (previous 85.2)

 

Expectation Index (previous 85.2)

 

Present Situation Index (previous 85.1)

 

4:30 PM ET. API Weekly Statistical Bulletin

 

Crude Stocks (Net Change) (previous -0.56M)

 

Gasoline Stocks (Net Change) (previous +3.6M)

 

Distillate Stocks (Net Change) (previous +2.5M)

 

Refinery Runs (previous 93.3%)

 

N/A U.S. Federal Open Market Committee

 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

 

Market Composite Index (previous 349.4)

 

Market Composite Index Cur Chg (previous +2.4%)

 

Purchase Index (S.A.) (previous 168.3)

 

Purchase Index (S.A.) Cur Chg (previous +0.3%)

 

Refinance Index (previous 1382.3)

 

Refinance Index Cur Chg (previous +4.1%)

 

8:15 AM ET. July ADP National Employment Report

 

Private Payrolls Forecast (expected +233000; previous +281000)

 

8:30 AM ET. 2nd Quarter Advance estimate GDP

 

GDP (expected +2.9%; previous -2.9%)

 

Chain-Weighted Price Index (expected +1.9%; previous +1.3%)

 

PCE Price index (previous +1.4%)

 

Purchase Price Index (previous +1.3%)

 

Real Final Sales (previous -1.3%)

 

Core PCE Price index (Ex Food/Energy) (previous +1.2%)

 

Personal Consumption (previous +1%)

 

10:00 AM ET. June Metropolitan Area Employment & Unemployment

 

10:00 AM ET. July Online Help Wanted Index

 

10:30 AM ET. EIA Weekly Petroleum Status Report

 

Crude Oil Stocks (previous 371.07M)

 

Crude Oil Stocks (Net Change) (previous -3.97M)

 

Gasoline Stocks (previous 217.87M)

 

Gasoline Stocks (Net Change) (previous +3.38M)

 

Distillate Stocks (previous 125.93M)

 

Distillate Stocks (Net Change) (previous +1.64M)

 

Refinery Usage (previous 93.8%)

 

Total Products Supplied (previous 19.31M)

 

Total Products Supplied (Net Change) (previous +0.03M)

 

2:00 PM ET. U.S. interest rate decision

 

Federal Funds Rate

 

Federal Funds Rate Change (Pts)

 

Discount Rate

 

Discount Rate Change

 

FOMC Vote For Action (previous 10)

 

FOMC Vote Against Action (previous 0)

 

High Range Value (Current Period)

 

Low Range Value

 

Federal Funds Rate Change High Range (previous 0.25)

 

Federal Funds Rate Change Low Range (previous

 

7:30 AM ET. July Challenger Job-Cut Report

 

Job Cuts, M/M (previous -41%)

 

8:30 AM ET. U.S. Weekly Export Sales

 

Corn, In Metric Tons (previous 1434.9K)

 

Soybeans, In Metric Tons (previous 2677.8K)

 

Wheat, In Metric Tons (previous 443.1K)

 

8:30 AM ET. 2nd Quarter Employment Cost Index

 

ECI Qtlry (expected +0.5%; previous +0.3%)

 

ECI Yearly (previous +1.8%)

 

8:30 AM ET. Unemployment Insurance Weekly Claims Report – Initial Claims

 

Weekly Jobless Claims (expected 305K; previous 284K)

 

Weekly Jobless Claims Net Change (previous -19K)

 

Cont Jobless Claims (prior week) (previous 2500000)

 

Cont Jobless Claims Net Chg (prior week) (previous -8K)

 

9:45 AM ET. July ISM-Chicago Business Survey – Chicago PMI

 

Employment Index

 

New Orders Index

 

Prices Paid Index

 

Purchasing Managers Index (Adjusted) (expected 63; previous 62.6)

 

Supplier Deliveries Index

 

9:45 AM ET. Bloomberg Consumer Comfort Index

 

10:00 AM ET. DJ-BTMU U.S. Business Barometer

 

DJ-BTMU Business Barometer (previous -0.6%)

 

DJ-BTMU Business Barometer (52 Wk) (previous +0.9%)

 

10:30 AM ET. EIA Weekly Natural Gas Storage Report

 

Total Working Gas in Storage (previous 2219B)

 

Total Working Gas in Storage (Net Change) (previous +90B)

 

1:00 PM ET. July Dow Jones Economic Sentiment Indicator

 

DJ Economic Sentiment Indicator (previous 54.3)

 

3:00 PM ET. July Agricultural Prices

 

Farm Prices, M/M (previous -2.6%)

 

4:30 PM ET. Foreign Central Bank Holdings

 

4:30 PM ET. Federal Discount Window Borrowings

 

4:30 PM ET. Money Stock Measures

 

N/A IMF Managing Director Christine Lagarde present findings of book on energy

 

8:30 AM ET. July U.S. Employment Report

 

Non-Farm Payrolls (expected +234K; previous +288K)

 

Unemployment Rate (expected 6%; previous 6.1%)

 

Average Hourly Earnings (previous 24.45)

 

Average Hourly Earnings Net Change (expected +0.2; previous +0.06)

 

Manufacturing Payrolls (previous +16K)

 

Overall Workweek (previous 34.5)

 

Overall Workweek Net Change (previous +0)

 

Service Producing Payrolls (previous +262K)

 

Government Payrolls (previous +26K)

 

Federal Payrolls (previous +2K)

 

Non-Farm Payrolls (Bench Net Chg)

 

Private Payroll (previous +262K)

 

8:30 AM ET. June Personal Income & Outlays

 

Personal Income (expected +0.4%; previous +0.4%)

 

Personal Spending (expected +0.4%; previous +0.2%)

 

PCE Price Index Monthly (previous +0.2%)

 

PCE Price Index Yearly (previous +1.8%)

 

PCE Core Price Index Monthly (expected +0.1%; previous +0.2%)

 

PCE Core Price Index Yearly (previous +1.5%)

 

9:45 AM ET. July US Manufacturing PMI

 

9:55 AM ET. July Thomson Reuters / University of Michigan Survey of Consumers – final

 

Sentiment Index End month (expected 81.9; previous 82.5)

 

Expectations Index End Month (previous 73.5)

 

12-Month Inflation Forecast (previous 3.1%)

 

5-Year Inflation Forecast (previous 2.9%)

 

Value (Current Period) End Month (previous 96.6)

 

10:00 AM ET. June Construction Spending – Construction Put in Place

 

New Construction (expected +0.5%; previous +0.1%)

 

Residential Construction

 

10:00 AM ET. July ISM Manufacturing Report on Business

 

Manufacturing PMI (expected 56; previous 55.3)

 

Prices Index (previous 58)

 

Employment Index (previous 52.8)

 

Inventories (previous 53)

 

New Orders Index (previous 58.9)

 

Production Index (previous 60)

 

11:00 AM ET. July Global Manufacturing PMI

 

PMI, Manufacturing (previous 52.7)

 

4:00 PM ET. July Domestic Auto Industry Sales

 

Annualized Vehicle Sales (expected 16.7M; previous 16.98M)

 


 

Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 81.063 +0.052 +0.07%
POWERSHARES DB US DOLLAR INDEX 21.61 -0.01 -0.05%
US Dollar/Canadian Dollar 1.080975 +0.000740 +0.07%
Euro/US Dollar 1.343535 -0.000260 -0.02%
JAPANESE YEN Sep 2014 0.009809 -0.000010 -0.10%
SWISS FRANC Sep 2014 1.1058 -0.0003 -0.03%

 

CURRENCIES

 

The September Dollar closed slightly lower on Monday as it consolidates some of this month’s rally. The mid-range close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this month’s rally, the 75% retracement level of the 2013-2014-decline crossing at 81.26 is the next upside target. Closes below the 20-day moving average crossing at 80.47 would confirm that a short-term top has been posted. First resistance is last Friday’s high crossing at 81.20. Second resistance is the 75% retracement level of the 2013-2014-decline crossing at 81.26. First support is the 10-day moving average crossing at 80.78. Second support is the 20-day moving average crossing at 80.47.

 

The September Euro closed slightly higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month’s decline, the 50% retracement level of the 2013-2014-rally crossing at 134.10 is the next downside target. Closes above the 20-day moving average crossing at 135.60 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 134.94. Second resistance is the 20-day moving average crossing at 135.60. First support is last Friday’s low crossing at 134.22. Second support is the 50% retracement level of the 2013-2014-rally crossing at 134.10.

 

The September British Pound closed higher on Monday as it consolidates some of last week’s decline but remains below the 2013-2014-uptrend line crossing near 1.6995. The mid-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off last week’s high, the reaction low crossing at 1.6941 is the next downside target. Closes above the 20-day moving average crossing at 1.7090 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1.7090. Second resistance is July’s high crossing at 1.7184. Third resistance is monthly resistance crossing at 1.7308. First support is last Friday’s low crossing at 1.6954. Second support is the reaction low crossing at 1.6941.

 

The September Swiss Franc closed slightly higher on Monday as it consolidates this month’s decline. The mid-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off July’s high, the 38% retracement level of the 2013-2014-rally crossing at 1.1043 is the next downside target. Closes above the 20-day moving average crossing at 1.1164 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.1110. Second resistance is the 20-day moving average crossing at 1.1164. First support is today’s low crossing at 1.1051. Second support is the 38% retracement level of the 2013-2014-rally crossing at 1.1043.

 

The September Canadian Dollar closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month’s decline, the 38% retracement level of the March-July-rally crossing at 91.77 is the next downside target. Closes above the 20-day moving average crossing at 93.22 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 93.22. Second resistance is July’s high crossing at 93.99. First support is the 25% retracement level of the March-July-rally crossing at 92.55. Second support is the 38% retracement level of the March-July-rally crossing at 91.77.

 

The September Japanese Yen closed slightly lower on Monday. Today’s low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If September extends last week’s decline, July’s low crossing at .9768 is the next downside target. Closes above the 10-day moving average crossing at .9847 would temper the bearish outlook. First resistance is the reaction high crossing at .9899. Second resistance is May’s high crossing at .9925. First support is last Friday’s low crossing at .9812. Second support is July’s low crossing at .9768.

 


 

Energy Snapshot
Symbol Last Change %
CRUDE OIL Sep 2014 101.35 -0.32 -0.32%
NY HARBOR ULSD HEATING OIL Sep 2014 2.9092 +0.0131 +0.45%
NATURAL GAS Sep 2014 3.766 +0.001 +0.03%
RBOB GASOLINE Sep 2014 2.8382 +0.0127 +0.45%
POWERSHARES DWA ENERGY MOMENT 63.4560 -0.6240 -0.98%
UNITED STATES GASOLINE 59.0799 -0.2802 -0.47%

 

ENERGIES

 

September crude oil closed slightly lower on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 10-day moving average crossing at 101.85 are needed to confirm that a short-term top has been posted. If September renews the rally off July’s low, June’s high crossing at 106.64 is the next upside target. First resistance is last Tuesday’s high crossing at 103.45. Second resistance is June’s high crossing at 106.64. First support is today’s low crossing at 100.90. Second support is July’s low crossing at 98.68.

 

September heating oil closed lower on Monday as it consolidates some of last Friday’s rally. The low-range close sets the stage for a steady to lower opening when Tuesday’s night trading begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends last Friday’s rally, the 38% retracement level of the June-July-decline crossing at 296.21 is the next upside target. Closes below the 10-day moving average crossing at 278.88 would temper the near-term friendly outlook. First resistance is today’s high crossing at 292.75. Second resistance is the 38% retracement level of the June-July-decline crossing at 296.21. First support is July’s low crossing at 284.05. Second support is the June 2013 low crossing at 283.12.

 

September unleaded gas closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June’s high, the 75% retracement level of this year’s rally crossing at 276.41 is the next downside target. Closes above the 20-day moving average crosing at 289.56 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crosing at 284.48. Second resistance is the 20-day moving average crossing at 289.56. First support is last Thursday’s low crossing at 280.59. Second support is the 75% retracement level of this year’s rally crossing at 276.41.

 

September Henry natural gas closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday’s session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off June’s high, last November’s low crossing at 3.582 is the next downside target. Closes above the 20-day moving average crossing at 4.077 are needed to confirm that a short-term low has been posted. First resistance is last Monday’s gap crossing at 3.938. Second resistance is the 20-day moving average crossing at 4.077. First support is today’s low crossing at 3.725. Second support is last November’s low crossing at 3.582.

 


 

Food Snapshot
Symbol Last Change %
COCOA Sep 2014 3168 +3 +0.09%
COFFEE Sep 2014 180.60 -0.50 -0.28%
ORANGE JUICE-A Sep 2014 147.95 +0.45 +0.30%
IPATH DJ-UBS SUGAR TRUST 51.5400 -0.4600 -0.90%
IPATH DJ-UBS SOFTS TRUST 47.29 +0.78 +1.64%

 

FOOD & FIBER

 

September coffee closed higher on Monday as it extends this month’s rally. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this week’s rally, June’s high crossing at 18.49 is the next upside target. Closes below the 20-day moving average crossing at 17.06 would temper the near-term friendly outlook.

 

September cocoa closed lower on Monday. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Close below the 20-day moving average crossing at 31.17 would confirm that a top has been posted. If September extends this spring’s rally, monthly resistance crossing at 33.30 is the next upside target.

 

October sugar closed lower on Monday. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral signaling that sideways to lower prices are possible near-term. If October extends this month’s decline, the 75% retracement level of the January-June rally crossing at 16.50 is the next downside target. Closes above the 20-day moving average crossing at 17.32 would confirm that a low has been posted.

 

December cotton closed higher due to short covering on Monday as it consolidates some of the decline off May’s high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible. If December extends this year’s decline, weekly support crossing at 57.00 is the next downside target. Closes above the 20-day moving average crossing at 68.91 would confirm that a short-term low has been posted.

 


 

#1 Signal Spells 2014 Stock Market Crash

This 1 signal could spell complete disaster for the market. See the system that has detected 22 out of 24 major market tops and bottoms since 1970 – including the dot.com bust in 2000 and the real estate bubble in 2008. When most investors retirement accounts are getting decimated, you could be on the right side of this massive move.

The next signal could come at any time. Click here to sign up for FREE!

 


 

Grains Snapshot
Symbol Last Change %
CORN Dec 2014 373.75 -3.00 -0.80%
OATS Dec 2014 336.75 -0.75 -0.22%
WHEAT Sep 2014 533.00 -1.75 -0.33%
TEUCRIUM CORN 26.4801 +0.2701 +1.02%
IPATH DJ-UBS GRAINS TRUST 39.4974 +0.4374 +1.11%
ELEMENTS MLCX GRAINS INDEX TRUST 5.1201 +0.0297 +0.58%
SOYBEANS Nov 2014 1097.25 -10.50 -0.95%
SOYBEAN (MINI) Nov 2014 1096.500 -11.250 -1.02%
SOYBEAN MEAL Dec 2014 353.3 -4.0 -1.12%
TEUCRIUM SOYBEAN 23.0200 +0.3500 +1.52%

 

GRAINS

 

December Corn closed up 5-cents at 3.76 3/4.

 

December corn closed higher due to short covering on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 3.91 would confirm that a short-term low has been posted. If December extends this summer’s decline, monthly support crossing at 3.48 is the next downside target. First resistance is the 20-day moving average crossing at 3.91. Second resistance is the July 7th gap crossing at 4.14 1/2. First support is last Thursday’s low crossing at 3.64 1/4. Second support is monthly support crossing at 3.48.

 

December wheat closed down 2-cents at 5.57 3/4.

 

December wheat closed lower on Monday. The mid-range close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 5.69 1/4 are needed to confirm that a short-term low has been posted. If December resumes the decline off May’s high, psychologial support crossing at 5.00 is the next downside target. First resistance is the 20-day moving average crossing at 5.69 1/4. Second resistance is the reaction high crossing at 5.84 1/2. First support is last Wednesday’s low crossing at 5.44 1/4. Second support is psychologial support crossing at 5.00.

 

December Kansas City Wheat closed down 5-cents at 6.40 1/4.

 

December Kansas City wheat closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 6.60 would confirm that a low has been posted. If December extends the decline off May’s high, January’s low crossing at 6.22 is the next downside target. First resistance is last Friday’s high crossing at 6.45 1/4. Second resistance is the 20-day moving average crossing at 6.60. First support is last Tuesday’s low crossing at 6.32. Second support is January’s low crossing at 6.22.

 

December Minneapolis wheat closed down 4 1/4-cents at 6.30 3/4.

 

December Minneapolis wheat close lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 6.50 3/4 are needed to confirm that a low has been posted. If December extends the decline off May’s high, psychologial support crossing at 6.00 is the next downside target. First resistance is the 10-day moving average crossing at 6.35 1/4. Second resistance is the 20-day moving average crossing at 6.50 3/4. First support is last Friday’s low crossing at 6.24 1/4. Second support is psychologial support crossing at 6.00.

 

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains “

 

November soybeans closed up 24 1/4-cents at 11.07 3/4.

 

November soybeans closed higher on Monday and above the 20-day moving average crossing at 11.01 1/2 signaling that a low has been posted. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at 11.01 1/2 would confirm that a low has been posted. If November renews the decline off May’s high, weekly support crossing at 10.54 is the next downside target. First resistance is today’s high crossing at 11.10. Second resistance is the reaction high crossing at 11.18 3/4. First support is last Wednesday’s low crossing at 10.55. Second support is weekly support crossing at 10.54.

 

December soybean meal closed up $7.10 at 357.30.

 

December soybean meal closed higher on Monday due to dry weather in the western Midwest and to another big purchase by China. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 366.60 are needed to confirm that a low has been posted. If December renews the decline off May’s high, January’s low crossing at 337.10 is the next downside target. First resistance is today’s high crossing at 357.60. Second resistance is the reaction high crossing at 366.60. First support is the reaction low cossing at 340.00. Second support is January’s low crossing at 337.10.

 

December soybean oil closed up 53 pts. at 36.78.

 

December soybean oil closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 37.33 are needed to confirm that a short-term low has been posted. If December renews this month’s decline, weekly support crossing at 33.71 is the next downside target. First resistance is today’s high crossing at 36.92. Second resistance is the 20-day moving average crossing at 37.33. First support is last Friday’s low crossing at 35.88. Second support is weekly support crossing at 33.71.

 


 

Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 16982.59 +22.02 +0.13%
NASDAQ COMPOSITE INDEX (COMBINED) 4445.73 -3.83 -0.09%
S&P 500 CASH 1978.91 +0.57 +0.03%
SPDR S&P 500 197.81 +0.09 +0.05%
QQQQ VOLATILITY INDEX 10.48 +0.33 +3.16%
iShares RUSSELL 2000 INDEX 113.115 -0.485 -0.43%

 

U.S. STOCK INDEXES

 

The September NASDAQ 100 closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are overbought, diverging and are turning neutral to bearish hinting that a short-term top might be in or is near. Multiple closes below the 20-day moving average crossing at 3912.95 are needed to confirm that a short-term top has been posted. If September extends the rally off April’s low, monthly resistance crossing at 4258.97 is the next upside target. First resistance is last Thursday’s high crossing at 3991.25. Second resistance is monthly resistance crossing at 4258.97. First support is the 20-day moving average crossing at 3912.95. Second support is the reaction low crossing at 3854.00.

 

The September S&P 500 closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. Closes below the reaction low crossing at 1942.90 would confirm that a short-term top has been posted. If September extends this year’s rally into uncharted territory, upside targets will be hard to project. First resistance is last Thursday’s high crossing at 1985.60. Second resistance is unknown. First support is the reaction low crossing at 1945.50. Second support is the reaction low crossing at 1942.90.

 

The Dow closed higher on Monday as it consolidated some of last Friday’s decline. Today’s high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow extends last Friday’s decline, the reaction low crossing at 16,805.38 is the next downside target. If the Dow resumes this year’s rally into uncharted territory, upside targets will be hard to project. First resistance July’s high crossing at 17,151.56. Second resistance is unknown. First support is the reaction low crossing at 16,805.38. Second support is the reaction low crossing at 16,746.09.

 


 

Interest Snapshot
Symbol Last Change %
T-BONDS Sep 2014 138.62500 +0.34375 +0.25%
iShares FLOATING RATE NOTE 50.80 +0.01 +0.02%
5 YEAR T-NOTES Sep 2014 119.046875 +0.007813 +0.01%
ULTRA T-BONDS Sep 2014 152.53125 +0.53125 +0.35%
POWERSHARES SENIOR LOAN PORTF 24.7600 -0.0200 -0.08%

 

INTEREST RATES

 

September T-bonds closed down 8-pts. at 138-13.

 

September T-bonds closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday’s night trading begins. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July’s low, weekly resistance crossing at 140-16 is the next upside target. First resistance is last Wednesday’s high crossing at 138-27. Closes below the 20-day moving average crossing at 137-08 are needed to confirm that a short-term top has been posted. First resistance is last Wednesday’s high crossing at 138-27. Second resistance is weekly resistance crossing at 140-16. First support is the 20-day moving average crossing at 137-08. Second support is July’s low crossing at 134-11.

 


 

Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Aug 2014 220.825 +0.650 +0.29%
LEAN HOGS Oct 2014 105.600 -1.025 -0.97%
LIVE CATTLE Oct 2014 159.200 +0.125 +0.08%
IPATH DJ-UBS LIVESTOCK TRUST SUB 32.311 -0.129 -0.40%

 

LIVESTOCK

 

August hogs closed up $0.50 at $123.67.

 

August hogs closed higher on Monday. Today’s mid-range close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If August extends the decline off June’s high, the 25% retracement level of the 2013-2014-rally crossing at 121.45 is the next downside target. Closes above the 20-day moving average crossing at 128.41 would confirm that a short-term low has been posted. First resistance is last Thursday’s gap crossing at 124.57. Second resistance is the 20-day moving average crossing at 128.41. First support is last Thursday’s low crossing at 122.10. Second support is the 25% retracement level of the 2013-2014-rally crossing at 121.45.

 

August cattle closed down $0.05 at 159.05.

 

August cattle closed slightly lower on Monday as it consolidates some of the rally off this month’s low. The mid-range close sets the stage for a steady to lower opening when Tuesday’s session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this year’s rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 152.57 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 160.20. Second resistance is unknown. First support is the 20-day moving average crossing at 152.57. Second support is the reaction low crossing at 146.80.

 

August feeder cattle closed up $1.92 at $220.17.

 

August Feeder cattle gapped up and closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this week’s rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 214.41 would signal that a short-term top has been posted. First resistance is today’s high crossing at 220.52. Second resistance is unknown. First support is the 20-day moving average crossing at 214.41. Second support is the reaction low crossing at 207.90. Third support is the reaction low crossing at 204.85.

 


 

Metals Snapshot
Symbol Last Change %
GOLD Dec 2014 1310.4 +4.6 +0.35%
SPDR GOLD SHARES 125.595 -0.196 -0.16%
SILVER Sep 2014 20.695 +0.128 +0.62%
PALLADIUM Sep 2014 884.70 +3.95 +0.45%
DIREXION DAILY GOLD MINERS BEA 15.0899 -0.2601 -1.73%
POWERSHARES DB PRECIOUS METALS 42.13 -0.16 -0.38%

 

PRECIOUS METALS

 

August gold closed higher due to short covering on Monday. The mid-range close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Multiple closes above the 20-day moving average crossing at 1314.40 are needed to confirm that a short-term low has been posted. If August extends the decline off July’s high, the reaction low crossing at 1258.00 is the next downside target. First resistance is July’s high crossing at 1336.80. Second resistance is the 75% retracement level of the March-June-decline crossing at 1354.40. First support is last Thursday’s low crossing at 1287.50. Second support is the reaction low crossing at 1258.00.

 

September silver closed higher due to short covering on Monday. The mid-range close set the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off July’s high, the reaction low crossing at 19.490 is the next downside target. Multiple closes above the reaction high crossing at 21.315 are needed to confirm that a low has been posted. First resistance is July’s high crossing at 21.630. Second resistance is February’s high crossing at 22.160. First support is last Friday’s low crossing at 20.350. Second support is the reaction low crossing at 19.490.

 

September copper closed higher on Monday as it consolidates above the 20-day moving average. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends last week’s rally, July’s high crossing at 329.45 is the next upside target. If September resumes the decline off July’s high, the reaction low crossing at 312.30 is the next downside target. First resistance is last Friday’s high crossing at 327.90. Second resistance is July’s high crossing at 329.45. First support is the reaction low crossing at 316.75. Second support is the reaction low crossing at 312.30.

 


 

Top Stocks
# symbol name last net % volume score triangles
1. FB FACEBOOK 74.96 -0.23 -0.31% 40,908,371 +90    Entry Signal
2. FDO FAMILY DOLLAR STORES 75.72 +15.06 +19.88% 35,058,544 +100    Entry Signal
3. EMC EMC 29.635 +0.435 +1.47% 24,731,344 +100    Entry Signal
4. TRLA TRULIA 64.97 +8.62 +13.25% 15,481,389 +90    Entry Signal
5. NOK NOKIA 8.180 -0.060 -0.73% 15,445,397 +100    Entry Signal
6. XRX XEROX 13.10 -0.05 -0.38% 14,501,461 +100    Entry Signal
7. RFMD RF MICRO DEVICES 10.930 +0.040 +0.37% 14,036,621 +90    Entry Signal
8. JCP JC PENNEY 9.22 +0.03 +0.33% 10,442,106 +100    Entry Signal
9. EXEL EXELIXIS 4.40 +0.21 +4.77% 10,119,314 +90    Entry Signal
10. C CITIGROUP 49.75 -0.28 -0.56% 10,044,746 +90    Entry Signal

 

Top Futures
# symbol name last net % volume score triangles
1. TY.U14 10 YEAR T-NOTES Sep 2014 125.1250 -0.1875 -0.15% 765,567 +90    Entry Signal
2. ED.Z14 EURODOLLAR Dec 2014 99.725 -0.005 -0.01% 76,505 +100    Entry Signal
3. HG.U14 COPPER Sep 2014 3.2435 +0.0030 +0.09% 32,314 +100    Entry Signal
4. LC.J15 LIVE CATTLE Apr 2015 157.30 +0.95 +0.60% 2,833 +100    Entry Signal
5. DX.U14.E $ INDEX Sep 2014 81.155 +0.033 +0.04% 2,890 +90    Entry Signal
6. EAF.Z16.E IN DEL MONTH EUA Dec 2016 6.45 -0.12 -1.82% 7 +100    Entry Signal
7. ZQ.G15.E 30 DAY FED FUND Feb 2015 99.855 -0.005 -0.01% 720 +90    Entry Signal
8. ZQ.Z14.E 30 DAY FED FUND Dec 2014 99.885 0.000 0.00% 4 +90    Entry Signal
9. ZQ.X14.E 30 DAY FED FUND Nov 2014 99.895 +0.005 +0.01% 2 +90    Entry Signal
10. HG.N14 COPPER Jul 2014 3.231 +0.004 +0.12% 296 +90    Entry Signal

 

Thank you! Thank you for subscribing to INO Morning Commentary from INO.com. If you want to subscribe to our other email services, or would like to modify your profile please visit our email services page. To unsubscribe, visit here.

 

 

New Stock Roadmap? – 07/29/2014

Another classic consolidation session. Big winners in some groups vs. big losers in other groups = a breakeven finish. And really, this is the same kind of swirling, non-trending action we have seen since the beginning of July.

I previously stressed that the market would rally up to 2000 AND THEN go through an extended consolidation period. However, I think that so many investors were spooked by 2000, that they didn’t want to wait til the final second. Meaning many investors have been selling each time we got up around 1980-1990.

This has me re-thinking what comes next. Perhaps that extended consolidation expected after hitting 2000 is actually taking place now. That may mean that when stocks finally get up to 2000 they will have the strength to break above. Probably up to around 2050 before the next serious consolidation begins.

Granted, any serious weakness in key economic reports this week and we are back to 1900 in a hurry. However, if the data continues to impress, then the above is the roadmap I am following.

Best,

Steve Reitmeister ( aka Reity…pronounced “Righty” )

Executive Vice President

Zacks Investment Research

Morning Market Commentary 29-Jul-2014

 

INFOTRIE FinSentS logo

Morning News

Headlines

▪ S&P Affirms Ratings On Australia At ‘AAA/A-1+’

▪ BoE’s Broadbent: STG Fx Rate Is ‘Modestly Overvalued’

▪ German Import Prices Continue To Fall

▪ BoJ’s Ishida Upbeat On Export Outlook, Warns Of Structural Issues

▪ Japan Labour Demand Strengthens, Good Omen For Economic Recovery

▪ Japan June Retail Sales Fall 0.6% (YoY)

▪ Japan June Household Spending Falls 3% Vs Year Ago

▪ China Said To Allow Five Regions To Set Up Bad-Loan Managers

▪ Argentina To Hold Last-Gasp Debt Talks With Mediator Tuesday

▪ BP Profit Rises 34% In Second Quarter

▪ UBS Exceeds Q2 Estimates On Cost-Cutting

▪ Next Raises Profit Forecast After Strong Quarter

▪ Deutsche Bank Q2 Results Rise As Debt Trading Steady

▪ Renault Cost Cuts Lift Profit Despite Sales, Currency Decline

▪ Michelin Keeps 2014 Targets As First-Half Profits Rise

▪ Fonterra Slashes Forecast Payment to NZ Farmers; Kiwi Falls

▪ Klepierre And Corio To Create Retail Property Company In Europe

▪ Bank of Portugal Says BES Loss Can Be Remedied By Capital Hike

▪ Microsoft Targeted In Apparent Chinese Anti-Trust Probe

***

Leaders and Laggers

cac
dax
ibex
ldn
omx
***

Commentary

Geopolitical Risk Rises For Global Investors
Since the start of the year, conflicts in Syria, Gaza and Iraq have escalated, China has become more assertive in pursuing territorial claims against Japan, Thailand reverted to military rule, Russia annexed Crimea and separatists in Ukraine downed a civilian airliner.

These crises have had little lasting impact on major financial markets in the U.S., Europe and in Asia. Now Raj Hindocha, a managing director with Deutsche Bank Research in London, is warning that investors and money managers could be in for a rude awakening later this year.

Geopolitical risk is being underestimated and volatility suppressed, thanks in large part to the open monetary spigots at the U.S. Federal Reserve, European Central Bank and Bank of Japan, according to a recent report Hindocha co-authored. (Businessweek – Continue Reading)

Argentine Debt Defiance May Strengthen Holdouts’ Legal Position
Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. The holdouts, led by Paul Singer’s Elliott Capital Management and Mark Brodsky’s Aurelius Capital Management, are still waiting to collect a single penny or peso.

Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30-day grace period runs out this week. Argentina says a payment to its trustee bank insulates it against charges it doesn’t pay its bills on time. It has described the holdouts as vultures and the judge who made the orders as unjust. The country has enough foreign currency to cover about five months’ worth of imports, and billions of dollars of debt coming due next year. Until it pays the holdouts, it will remain locked out of international capital markets.

Having talked itself into a corner, Argentina now has to either swallow its pride and pay the holdouts, or keep its pride, accept another default and face isolation and penury. Making things worse for President Cristina Kirchner and Economy Minister Axel Kicillof, continued refusal will likely end up strengthening Elliott and Aurelius, two distressed-debt specialists who haven’t amassed billions of dollars in assets by backing down from a fight. (Reuters – Continue Reading)

unnamed

China Trade Numbers Still Don’t Add Up Post-Fake Exports
China’s trade numbers still don’t add up.

A discrepancy between Hong Kong and Chinese figures for bilateral trade remains even after a crackdown last year on Chinese companies’ use of fake export-invoicing to evade limits on importing foreign currency. China recorded $1.31 of exports to Hong Kong in June for every $1 in imports Hong Kong tallied from China, for a $6.4 billion difference, based on government data compiled by Bloomberg News.

Analysts offered at least three possible explanations for the gap, including differences in how China and Hong Kong record trade in goods that pass through the city, as well as a persistence in fraud at a lower level. Any discrepancies make it tougher to gauge the impact of global demand on a Chinese economy that’s projected for the slowest growth in 24 years. (Bloomberg – Continue Reading)

BP’s Faustian Pact With Russia Goes Horribly Wrong With Yukos Verdict
The Permanent Court of Arbitration in The Hague has thrown the book at the Russian state, or more specifically at Vladimir Putin and his Soliviki circle from the security services.

The $51.5bn ruling against on the Kremlin unveiled this morning has no precedent in international law. The damages are 20 times larger than any previous verdict.

Lawyers for the Yukos-MGL-Khodorkovsky team tell me that they cannot pursue the foreign bond holdings of the Russian central bank if the Kremlin refuses to pay up when the deadline expires on January 15, as seems likely. Moscow has already dismissed the case as “politically motivated”. (Telegraph – Continue Reading)

unnamed  1

‘Every Little Helps’ For Lloyds Traders Rigging Benchmark Rates
For traders at Lloyds Banking Group Plc (LLOY), “every little helps” when rigging benchmark interest rates, according to transcripts of conversations released by regulators as part of the bank’s settlement.

The internal e-mails, telephone calls and instant messages, laced with expletives, show how rate-manipulation had become a common business practice at Britain’s biggest mortgage lender, according to the Financial Conduct Authority.

“It’s like Tescos,” one Lloyds trader responded when asked to make an artificially low submission to yen Libor in July 2007. “Absolutely, every little helps,” the manager replied, referring to a slogan used by Tesco Plc, Britain’s largest supermarket chain, to promote its discount offers. (Businessweek – Continue Reading)

***

Files and Links

***

HEADLINES

S&P Affirms Ratings On Australia At ‘AAA/A-1+’

BoE’s Broadbent: STG Fx Rate Is ‘Modestly Overvalued’

German Import Price Index (YoY): -1.20% (est -1.20% prev -2.10%)

BoJ’s Ishida Upbeat On Export Outlook, Warns Of Structural Issues

Japanese Jobless Rate Jun: 3.70% (est 3.50%; prev 3.50%)

Japan Retail Sales (YoY) Jun: -0.60% (est -0.50%; prev -0.40%)

Japanese Overall Household Spending (YoY): -3.00% (est -4.00%; prev -8.00%)

China Said To Allow Five Regions To Set Up Bad-Loan Managers

Argentina To Hold Last-Gasp Debt Talks With Mediator Tuesday

BP Profit Rises 34% In Q2

UBS Exceeds Q2 Estimates On Cost-Cutting

Next Raises Profit Forecast After Strong Quarter

Deutsche Bank Q2 Results Rise As Debt Trading Steady

Renault Cost Cuts Lift Profit Despite Sales, Currency Decline

Michelin Keeps 2014 Targets As First-Half Profits Rise

Fonterra Slashes Forecast Payment to NZ Farmers; Kiwi Falls

Bank of Portugal Says BES Loss Can Be Remedied By Capital Hike

Microsoft Targeted In Apparent Chinese Anti-Trust Probe

MARKET DATA

 

Quartz Daily Brief—Twitter results, Cold War redux, China probes Microsoft, dating profiles useless

Quartz - qz.com
Good morning, Quartz readers!

What to watch for today

Argentina procrastinates. Argentinian negotiators will meet again with a US court-appointed mediator instead of sitting down with “holdout” investors directly. A day before the deadline to avoid a default, they are seeking a delay of the US court ruling obliging Argentina to pay up.

Deutsche Bank’s ugly results. Analysts expect revenue and profit to drop for the fourth consecutive quarter, as the bank’s debt, currency, and equity trading units all post declines. Deutsche Bank is trying to shift its focus (paywall) to concentrate on wealth management and investment banking.

Did the World Cup give Twitter a kick? The social network expects to report a surge in quarterly ad sales, but investors will care most about a growing user base. Twitter may have benefitted from the largest sporting event in the world.

Big data for the US. Although a preliminary survey showed that consumer sentiment dipped in early July, consumer confidence is likely to hit a six-year high as strong jobs reports boosted households. The S&P Case/Shiller Home Price Index for May is expected to show a smaller rise in home prices.

While you were sleeping

The US-Russia stand-off got much chillier. The Obama administration alleged that Russian cruise missile tests violated a crucial nuclear treaty that helped end the Cold War. Separately, Germany, Britain, France, Italy, and the US agreed new restrictions on Russia’s energy, finance, and defense sectors

A mixed bag for Japan’s economy. The jobless rate rose unexpectedly to 3.7% in June, from 3.5% in May, but the overall availability of jobs is at its highest point in more than 20 years. Household spending fell by a less-than-expected 3% while retail sales fell by 0.6%.

China probed Microsoft. Officials arrived unannounced at four of its offices across China, and media reports suggested that an anti-trust investigation is underway.

Hopes for an Israel-Gaza ceasefire receded. Israeli prime minister Benjamin Netanyahu warned of a “long operation” and said the full demilitarization of Gaza would be required for any truce. Previous hopes of calm during the Muslim festival of Eid al-Fitr were dashed as an explosion at a Gaza refugee camp killed 10 Palestinians.

Moody’s raised Colombia’s credit rating to a couple of steps above junk-grade. A $25 billion highway-building program is expected to deliver “robust long-term growth prospects,” the investment ratings service said.

Alarm grew over Ebola. Two Americans have joined the ranks of healthcare workers infected by the virus, after one of Liberia’s top Ebola experts died at the weekend. The record outbreak poses an even greater global threat with its arrival last week in Lagos, Nigeria, a densely-populated international travel hub.

Quartz obsession interlude

John McDuling on how Major League Baseball made the best argument for net neutrality. “BAM employs about 700 people and is on track to generate $800 million in revenue this year. It runs professional baseball’s digital properties, including the websites and social media properties of MLB’s 30 franchises. But it’s best known for its online streaming prowess. It runs the league’s own streaming platform, mlb.tv, and is now even selling services to clients like ESPN and the professional wrestling organization WWE.” Read more here.

Matters of debate

It’s not too late to change the internet. It may seem like the best ideas are taken, but we’re only at the beginning.

Israel is fighting two wars: one against Hamas, and the other against citizens who dare to question the government.

Asia should fear the end of the Great Bargain. The deal between Nixon and Mao kept the peace, but that’s all over now.

We should take more time to nap. The three-day workweek that Mexican mogul Carlos Slim advocates is worth a shot.

Surprising discoveries

New York’s smallest private property is 500 square inches. It’s dedicated to not being a public space.

25,000 Ground Zero workers have cancer. And they’re seeking compensation for their illnesses.

The US is crowdsourcing its airport security by offering $5,000 for the best idea to speed up its screening lines.

Hugo Chávez has his own font. “ChavezPro” is based on the late Venezuelan president’s handwriting.

Don’t bother writing a better dating profile. OKCupid user experiments prove that people just look at the pictures.

Our best wishes for a productive day. Please send any news, comments, airport security schemes, and dead dictator fonts to hi@qz.com. You can follow us on Twitter here for updates throughout the day.

You’re getting the Europe and Africa edition of the Quartz Daily Brief. To change your region, click here. We’d also love it if you shared this email with your friends. They can sign up for free here.

MONETARIO – Cosa succede oggi martedì 29 luglio 29/07/2014 – RSF

* ASTA BOT – Dopo gli appuntamenti di ieri con Ctz e Btp indicizzati, con il rendimento dei primi a un nuovo minimo dall’introduzione dell’euro, prosegue stamane la tornata d’aste di fine mese con l’offerta di 7 miliardi di Bot semestrali (scadenza30 gennaio 2015). Anche il tasso del Bot a 6 mesi, complice l’offerta netta negativa, potrebbe segnare un nuovo minimo dall’introduzione della moneta unica, dopo che ieri in chiusura, sul mercato grigio di Mts, scambiava allo 0,257% <IT503725=TT>,dallo 0,309% dell’asta di fine giugno. Secondo quanto scriveva ieri UniCredit in una nota, il rendimento del titolo dovrebbe attestarsi allo 0,27%. Dal lato dell’offerta, gli appuntamenti proseguono poi domani: fino a 7 miliardi tra Btp a 5 e 10 annie Ccteu. Da segnalare anche che ieri il rendimento del decennale settembre 2024 <IT10YT=TWEB> è sceso sotto la soglia del 2,70%, al nuovo minimo dall”introduzione dell”euro.

* SANZIONI A RUSSIA – I leader di Gran Bretagna, Francia, Germania,Italia e Stati Uniti hanno concordato ieri nel corso di una telefonata di assumere nuove misure contro la Russia per la crisi Ucraina. (news) Intanto oggi, dopo l’accordo preliminare raggiunto venerdì scorso dagli ambasciatori Ue, si terrà aBruxelles un’altra riunione dei rappresentanti permanenti Ue sul nuovo pacchetto di sanzioni.

* ARGENTINA – A un giorno dal termine ultimo per evitare il default dell’Argentina, il mediatore Daniel Pollack incontrerà nuovamente a New Yorkalle 17 italiane una delegazione del governo. Alla riunione non partecipa però il responsabile alle Finanze Axel Kicillof, che ha finora condotto la trattativa da parte di Buenos Aires, perché impegnato a Caracas in un incontro tra paesi del Mercosur. Buenos Aires ha intanto rimborsato ieri la prima tranche di 642 milioni di dollari al club di Parigi. Se non dovesse trovare entro domani un accordo con gli obbligazionisti che non hanno aderito alla duplice ristrutturazione, per l’Argentina siprofila un nuovo default.

* DATI GIAPPONE – Le spese dei consumatori mostrano a giugno un recupero di 1,5% su mese e una contrazione di 3,8% su anno, a fronte della mediana delle attese raccolte da Reuters per un incremento di 2,2% e un calodi 3,8% rispettivamente. Sempre in Giappone e sempre nel mese di giugno il tasso di disoccupazione passa a 3,7% (3,5% il consensus e il tasso di maggio) – con il rapporto tra il numero dei senza lavoro e i posti a disposizione al livello più alto dal1992 – mentre le vendite al dettaglio accusano una contrazione di 0,6% contro il -0,5% delle attese e dopo la flessione di 0,4% del mese precedente.

* GREGGIO – Scivolano per la seconda seduta consecutiva verso la soglia di 107 dollari ilbarile i derivati Brent, su cui pesa l’accumulo delle scorte Usa il cui effetto ribassista tende a compensare quello rialzista delle tensioni geopolitiche. A dispetto delle crisi ucraina, irachena e libica, la produzione globale resta al momentosuperiore alla domanda. Il futures Brent a settembre <LCOc1> cede 11 cent a 107,46 dollari il barile, mentre la stessa scadenza Nymex CLc1 arretra di 27 cent a 101,40 dollari.

* FOREX – Negli scambi finali sulla piazza asiatica l’indice deldollaro sulle prime sei controparti ponderate per il commercio resta in vista del massimo degli ultimi sei mesi e da otto mesi contro dollaro. La maggioranza degli investitori resta tuttavia sulla difensiva in attesa del verdetto sui tassi Usadi domani sera, che dovrebbe essere accompagnato da un’ulteriore rimozione delle misure espansive di politica monetaria con un taglio di altri 10 miliardi di dollari agli acquisti mensili di asset da parte della banca centrale. Intorno alle 7,30euro/dollaro <EUR=> 1,3429/31 da 1,3439 ieri in chiusura, dollaro/yen <JPY=> 101,95/98 da 101,85 ed euro/yen <EURJPY=> 136,92/00 da 136,89.

* TREASURIES – Finale di seduta in negativo per i governativi Usa, appesantiti dal risultato dell”asta suldue anni collocata al tasso più elevato dal 2011. Il dipartimento al Tesoro offre oggi 35 miliardi di dollari di nuova carta a cinque anni. Il benchmark a dieci anni termina in calo di 5/32 per un tasso di 2,254%.

DATI MACROECONOMICI ITALIA
* Istat, l”offerta comunale di asili nido e altri servizi socio-educatici per la prima infanzia anno scolastico 2012-2013 (10,00).

GERMANIA
* Prezzi import giugno (8,00).

GRECIA
* Prezzi alla produzione giugno (11,00). SPAGNA
* Vendite al dettaglio giugno (9,00).

ZONA EURO
* Eurostat pubblica dati su conti famiglie e imprese nei paesi Ue nel primo trimestre 2014.

* Acea, pregistrazioni veicoli commerciali Europa giugno.

USA
* CaseShiller maggio (15,00).

* Fiducia consumatori luglio (16,00).

ASTE DI TITOLI DI STATO ITALIA
* Tesoro, asta Bot.

USA
* Tesoro offre titoli di Stato a 5 anni.

BANCHE CENTRALI EUROPA
* Intervento vice governatore Bank of England Broadbent a ChathamHouse.

* Bank of England, offerta moneta M4 giugno (10,30)
USA
* Inizia riunione Fomc; termina 30 luglio.