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AFTER MARKET UPDATE - FRIDAY, JANUARY 6TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+64.51 |
19,963.80 |
+0.32% |
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Volume |
924,266,660 |
-19% |
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Volume |
1,603,372,960 |
-1% |
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NASDAQ |
+33.12 |
5,521.06 |
+0.60% |
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Advancers |
1,397 |
47% |
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Advancers |
1,398 |
47% |
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S&P 500 |
+7.98 |
2,276.98 |
+0.35% |
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Decliners |
1,545 |
52% |
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Decliners |
1,569 |
53% |
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Russell 2000 |
-4.65 |
1,367.28 |
-0.34% |
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52 Wk Highs |
108 |
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52 Wk Highs |
94 |
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S&P 600 |
-4.87 |
840.17 |
-0.58% |
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52 Wk Lows |
10 |
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52 Wk Lows |
20 |
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Major Averages Rose But Small Cap Indices Sputtered
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 1%, the S&P advanced 1.8%, and the Nasdaq climbed 2.6%. Stocks finished higher on Friday. The Dow was up 64 points to 19963. The S&P 500 added 7 points to 2276 and the Nasdaq Composite gained 33 points to 5521. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners narrowly led advancers on the NYSE and on the Nasdaq exchange. There were 20 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 26 on the prior session. New 52-week highs totals contracted yet still easily outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index hit a new record high.
Near record high territory, the major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages advanced on the session Friday following an optimistic update on the labor market. Non-farm payrolls grew 156,000 in December versus a projected 175,000 increase. Wage growth was strong as hourly pay climbed 2.9% from a year earlier, the sharpest increase since 2009. The labor force participation rate was little changed from the previous month at 62.7%. Finally, the unemployment rate came in at 4.7%, in-line with analyst expectations.
Eight of 11 sectors in the S&P 500 finished positive on the session. Technology stocks led the advance with Facebook (FB +2.27%) rising. Consumer Discretionary stocks outperformed as well with Fiat Chrysler (FCAU +6.22%) rallying after being the subject of positive analyst commentary. In Health Care, Amgen (AMGN +2.48%) rose as the biotech company won a court ruling blocking Regneron Pharmaceuticals (REGN -5.84%) from selling their cholesterol-lowering medicine. Teva Pharmaceuticals (TEVA -7.53%) fell as the drugmaker lowered its full-year earnings and revenue guidance.
Treasuries declined with the benchmark 10-year note down 19/32 to yield 2.41%. In commodities, NYMEX WTI crude slipped 0.2% to $53.67/barrel. COMEX gold lost 0.8% to $1172.00/ounce. In FOREX, the Dollar Index gained 0.7%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Biotech, Semiconductor and Oil Services Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.07%) and Bank Index ($BKX +0.41%) both rose along with the Retail Index ($RLX +0.39%) on Friday's session, lifting the major indices. The Biotechnology Index ($BTK +1.57%) led the tech sector while the Semiconductor Index ($SOX +0.77%) posted a smaller gain but the Networking Index ($NWX -0.12%) sputtered. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -2.98%) outpaced the Integrated Oil Index ($XOI -0.42%) to the downside while the Oil Services Index ($OSX +0.99%) ended higher. Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD +1.07%) chart illustrates how it reached a new record high.
| Oil Services |
$OSX |
192.66 |
+1.88 |
+0.99% |
+4.83% |
| Integrated Oil |
$XOI |
1,279.71 |
-5.41 |
-0.42% |
+0.92% |
| Semiconductor |
$SOX |
908.65 |
+6.96 |
+0.77% |
+0.24% |
| Networking |
$NWX |
448.46 |
-0.52 |
-0.12% |
+0.53% |
| Broker/Dealer |
$XBD |
214.23 |
+2.26 |
+1.07% |
+4.36% |
| Retail |
$RLX |
1,369.87 |
+5.38 |
+0.39% |
+2.00% |
| Gold & Silver |
$XAU |
85.31 |
-2.62 |
-2.98% |
+8.18% |
| Bank |
$BKX |
92.77 |
+0.38 |
+0.41% |
+1.07% |
| Biotech |
$BTK |
3,285.16 |
+50.75 |
+1.57% |
+6.83% |
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Slump Below "Max Buy" Level But Fundamental Concerns Were Raised
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
China Lodging Group Ads (HTHT -$0.73 or -1.48% to $48.49) is quietly consolidating above its 50-day moving average (DMA) line ($47.89) and prior low ($45.61 on 12/20/16) which define important near-term support levels to watch on pullbacks. Violations would trigger technical sell signals. It has retreated below the previously cited "max buy" level, however it remains color coded green and it was repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
It was last shown in this FSU section on 12/09/16 with an annotated graph under the headline, " Mostly Bullish Action Continues to Bode Well for China Lodging". Disciplined followers of the fact-based investment system know that buying efforts should only be made in fundamentally superior stocks and only after after a technical buy signal has been triggered. Selling should not be based upon a change fundamentals, but should strictly be based upon the technical action in a stock or market. Therefore, those investors will solid profits in HTHT may still be electing to give it the benefit of the doubt until any worrisome technical sell signals raise concerns. HTHT has traded up as much as +39.5% since first featured in yellow in the 7/13/16 mid-day report (read here).
The number of top-rated funds owing its shares rose from 87 in Sep '15 to 148 in Sep '16, a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has a B Timeliness rating and a D Sponsorship rating. Its small supply of 27 million shares (S criteria) in the public float may contribute to greater price volatility in the event of institutional buying or selling.
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$25.13
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+0.06
0.24% |
$25.31
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190,717
72.24% of 50 DAV
50 DAV is 264,000
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$25.83
-2.72%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 1/4/2017 5:52:25 PM
G - Stubbornly holding its ground near all-time highs, very extended from any sound base. Its 50 DMA line $22 defines near-term support above prior highs in the $19 area. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Bank Stock Perched Near Record Highs After Considerable Rally - 1/4/2017 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.00
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-0.50
-2.56% |
$19.60
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61,935
65.89% of 50 DAV
50 DAV is 94,000
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$23.00
-17.39%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 1/6/2017 5:45:51 PM
Y - Color code is changed to yellow after quietly consolidating just below its "max buy" level. Prior highs and its 50 DMA line coincide in the $18 area defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Consolidating After Strong Sep '16 Quarterly Earnings News - 12/21/2016 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.13
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+0.30
0.60% |
$50.31
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469,554
32.74% of 50 DAV
50 DAV is 1,434,000
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$51.68
-3.00%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 1/3/2017 5:27:54 PM
G - Posted a gain today with volume picking up to near average, still consolidating above its "max buy" level with volume totals generally cooling since its breakout. Prior highs in the $46 area and its 50 DMA line ($47.37) define support to watch on pullbacks. See the latest FSU analysis for additional details and a new annontated graph.
>>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues Well Above Support - 1/3/2017 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$72.00
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+0.60
0.84% |
$72.65
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302,163
63.08% of 50 DAV
50 DAV is 479,000
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$71.97
0.05%
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1/5/2017
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$71.40
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PP = $72.07
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MB = $75.67
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Most Recent Note - 1/5/2017 6:14:52 PM
Y - Color code is changed to yellow with new pivot point cited based on its 12/08/16 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($64.96) defines important support above prior highs. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$48.49
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-0.73
-1.48% |
$49.61
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78,972
41.78% of 50 DAV
50 DAV is 189,000
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$54.23
-10.58%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 1/6/2017 4:31:57 PM
G - Pulled back today with lighter volume. Its 50 DMA line ($47.89) and prior low ($45.61 on 12/20/16) define important near-term support levels to watch on pullbacks. Repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Slump Below "Max Buy" Level But Fundamental Concerns Were Raised - 1/6/2017 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
DW
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NYSE
Drew Industries
MATERIALS and CONSTRUCTION - General Building Materials
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$109.70
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+1.10
1.01% |
$110.75
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154,553
66.62% of 50 DAV
50 DAV is 232,000
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$116.50
-5.84%
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11/29/2016
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$106.29
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PP = $101.00
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MB = $106.05
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Most Recent Note - 1/4/2017 10:32:15 AM
G - Pulling back today from new all-time highs hit on the prior session. Drew Industries (DW) announced a new name LCI Indusries (LCII) and new trading symbol effective as of the market open on January 3, 2017. Prior highs in the $101-103 area define support to watch above its 50 DMA line. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Well Above Prior Highs and 50-Day Moving Average - 12/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$25.15
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+0.06
0.24% |
$25.47
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82,383
53.85% of 50 DAV
50 DAV is 153,000
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$25.87
-2.78%
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12/22/2016
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$24.99
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PP = $25.09
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MB = $26.34
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Most Recent Note - 1/3/2017 5:33:45 PM
Y - Hovering near its high after wedging higher with recent gains lacking great volume conviction. New pivot point was cited based on its 11/17/16 high plus 10 cents after an orderly base-on-base pattern. A volume-driven gain and strong close above the pivot point may clinch a new (or add-on) technical buy signal. Recent lows in the $22 area and its 50 DMA line ($22.95) coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Built an Orderly Base-On-Base Pattern - 12/23/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$22.75
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+0.00
0.00% |
$22.95
|
170,912
53.08% of 50 DAV
50 DAV is 322,000
|
$24.10
-5.60%
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12/19/2016
|
$22.91
|
PP = $21.78
|
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MB = $22.87
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Most Recent Note - 1/4/2017 5:57:00 PM
G - Posted a gain with average volume and its color code is changed to green after rising above its "max buy" level again. Prior highs in the $21-22 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Technically Clears 11-Week V Shaped Base - 12/19/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$80.25
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+0.60
0.75% |
$81.05
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214,176
172.72% of 50 DAV
50 DAV is 124,000
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$80.50
-0.31%
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11/29/2016
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$72.45
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PP = $69.63
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MB = $73.11
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Most Recent Note - 1/6/2017 12:35:52 PM
G - Hitting another new all-time high today, it has been stubbornly holding its ground while getting extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($68.74) define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Stubbornly Held Ground and Rose Since Featured Again - 12/28/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$101.28
|
-0.66
-0.65% |
$102.61
|
471,617
60.46% of 50 DAV
50 DAV is 780,000
|
$103.00
-1.67%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
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MB = $103.95
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Most Recent Note - 1/4/2017 12:27:20 PM
Y - Volume is running at an above average pace today while rallying from the previously noted advanced "3-weeks tight" base pattern hitting new all-time highs. On 12/30/16 it was last noted -"Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line and prior lows in the $91 area define important support to watch on pullbacks."
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally More Than 5% Beyond Prior Highs - 12/20/2016 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$37.90
|
+0.34
0.91% |
$38.11
|
133,741
46.28% of 50 DAV
50 DAV is 289,000
|
$38.65
-1.94%
|
7/19/2016
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$26.64
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PP = $26.41
|
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MB = $27.73
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Most Recent Note - 1/3/2017 5:25:27 PM
G - Still holding its ground near all-time highs, extended from its prior base. Its 50 DMA line ($33.32) defines important support to watch on pullbacks. Do not be confused by 2-1 stock split effective 12/21/16 so the Featured Price, Pivot Point and Max Buy levels were adjusted accordingly
>>> FEATURED STOCK ARTICLE : Financial Firm Remains Extended Well Above Prior Highs - 12/14/2016 |
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C
A
S
I |
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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