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AFTER MARKET UPDATE - TUESDAY, JANUARY 9TH, 2018
Previous After Market Report Next After Market Report >>>
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DOW |
+102.80 |
25,385.80 |
+0.41% |
|
Volume |
800,928,730 |
-1% |
|
Volume |
2,144,009,752 |
+5% |
|
NASDAQ |
+6.19 |
7,163.58 |
+0.09% |
|
Advancers |
1,219 |
42% |
|
Advancers |
1,215 |
47% |
|
S&P 500 |
+3.58 |
2,751.29 |
+0.13% |
|
Decliners |
1,708 |
58% |
|
Decliners |
1,392 |
53% |
|
Russell 2000 |
-1.71 |
1,560.10 |
-0.11% |
|
52 Wk Highs |
282 |
|
|
52 Wk Highs |
275 |
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S&P 600 |
-0.59 |
949.60 |
-0.06% |
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52 Wk Lows |
38 |
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52 Wk Lows |
36 |
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Leadership Expands Again as Major Averages Rise
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher Tuesday. The Dow added 102 points to 25385. The S&P 500 climbed 3 points to 2751 and is off to its best start since 1987. The Nasdaq was up 6 points to 7163. Volume totals reported were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Decliners led advancers by almost a 3-2 margin on the NYSE and by 7-6 on the Nasdaq exchange. There were 110 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 101 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders. Charts used courtesy of www.stockcharts.com
 PICTURED: The Dow Jones Industrial Average hit another new record high.
The major averages (M criteria) are in a confirmed uptrend. Investors should only consider stocks meeting all key criteria of the fact-based investment system as they trigger technical buy signals.
The major averages resumed their record rally after Monday’s brief pause as investors remain optimistic on the strength of the U.S economy. On the data front, a release revealed small business optimism decreased in December more than consensus estimates, however the full year reading for 2017 set an all-time record. An additional report revealed the number of job openings unexpectedly declined in November from the prior month.
The Healthcare sector rebounded from Monday’s decline as shares of Illumina (ILMN +6.93%) and Boston Scientific (BSX +8.33%) rose after both firms posted revenue figures above estimates. Financial shares also paced gains as Lincoln National (LNC +3.47%) rose. In Industrials, Boeing (BA +2.67%) rose,, which helped offset a big drop in Acuity Brands (AYI -14.96%) as the electrical equipment designer missed sales quarterly sales projections. Under Armour (UA -4.60%) was another notable decliner as shares of the athletic apparel maker dropped.
Treasury prices were lower across the curve. The yield on the 10-year note climbed six basis points to 2.54%, its highest level in nearly nine months. In commodities, NYMEX WTI crude gained 1.9% to $62.93/barrel. COMEX gold fell 0.4% to $1314.60/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.74%) and the Bank Index ($BKX +1.07%) both outpaced the Retail Index ($RLX +0.32%) on Tuesday. The tech sector was mixed with a big gain for the Biotechnology Index ($BTK +3.31%) while the Networking Index ($NWX -0.60%) and the Semiconductor Index ($SOX -0.97%) both fell. Commodity-linked groups had a negative bias as the Gold & Silver Index ($XAU -1.55%) outpaced the Oil Services Index ($OSX -0.57%) and the Integrated Oil Index ($XOI -0.30%) to the downside. Charts courtesy wwwstockcharts.com
 PICTURED: The Biotechnology Index ($BTK +3.31%) rallied to a new record high.
| Oil Services |
$OSX |
159.18 |
-0.92 |
-0.57% |
+6.44% |
| Integrated Oil |
$XOI |
1,386.88 |
-4.21 |
-0.30% |
+3.84% |
| Semiconductor |
$SOX |
1,322.57 |
-12.97 |
-0.97% |
+5.55% |
| Networking |
$NWX |
504.97 |
-3.07 |
-0.60% |
+2.94% |
| Broker/Dealer |
$XBD |
274.60 |
+2.02 |
+0.74% |
+3.53% |
| Retail |
$RLX |
1,814.07 |
+5.85 |
+0.32% |
+4.63% |
| Gold & Silver |
$XAU |
84.95 |
-1.34 |
-1.55% |
-0.38% |
| Bank |
$BKX |
109.92 |
+1.16 |
+1.07% |
+3.01% |
| Biotech |
$BTK |
4,425.08 |
+141.87 |
+3.31% |
+4.80% |
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Perched Near High After Brief Consolidation Below 50 DMA Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Essent Group Ltd (ESNT +$0.17 or +0.37% to $45.69) is consolidating above its 50-day moving average (DMA) line ($44.34), and it ended the session perched only -3.4% off its all-time high. Its Relative Strength rating is 83, having improved after a recent slump below the 80+ minimum guideline for buy candidates. Recent lows in the $43.00 area define important support where more damaging losses would raise greater concerns. It was last shown in this FSU section on 12/14/17 with an annotated graph under the headline, "Pulling Back After Recently Wedging Higher".
Fundamentals remain strong. It currently has a Timeliness rating of A and a Sponsorship rating of C. The high-ranked Finance-Mrtg and Rel Svc firm's quarterly earnings have been above the +25% minimum guideline (C criteria) and sales revenues increases in comparisons through Sep '17 have been strong. Its annual earnings (A criteria) history has been good since its $17 IPO on 10/31/13.
Essent has traded up as much as +38.7% since first highlighted in yellow with pivot point cited based on its 12/12/16 high plus 10 cents in the 1/25/17 mid-day report (read here). The number of top-rated funds owning its shares rose from 317 in Mar '16 to 536 in Sep '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. |
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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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
|
$153.73
|
-0.02
-0.01% |
$155.40
|
312,390
51.55% of 50 DAV
50 DAV is 606,000
|
$157.50
-2.39%
|
12/19/2017
|
$153.92
|
PP = $156.96
|
|
MB = $164.81
|
Most Recent Note - 1/8/2018 4:11:10 PM
Y - Still holding its ground stubbornly near its all-time high with volume totals cooling. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($144.14) defines near-term support to watch above prior highs in the $138 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Holding Ground in Tight Range Near High - 12/27/2017 |
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C
A
S
I |
ROG
-
NYSE
Rogers Corp
CONSUMER NON-DURABLES - Rubber and Plastics
|
$167.36
|
-0.80
-0.48% |
$170.19
|
237,061
120.34% of 50 DAV
50 DAV is 197,000
|
$184.00
-9.04%
|
12/29/2017
|
$162.92
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PP = $168.17
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|
MB = $176.58
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Most Recent Note - 1/9/2018 2:05:08 PM
Y - Wedging back above its pivot point with today's 3rd consecutive small gain on light volume. Raised concerns after a big "negative reversal" at a new all-time high on 1/03/18. Disciplined investors avoid chasing stocks more than 5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Hovering Near Prior High After 3rd Strong Quarterly Earnings - 12/29/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Broadcom Limited
ELECTRONICS - Semiconductor - Broad Line
|
$268.50
|
-3.77
-1.38% |
$273.85
|
2,601,787
76.19% of 50 DAV
50 DAV is 3,415,000
|
$285.68
-6.01%
|
1/5/2018
|
$271.62
|
PP = $285.78
|
|
MB = $300.07
|
Most Recent Note - 1/9/2018 2:08:10 PM
Y - Consolidating above its 50 DMA line ($266.86). The recent low ($254.20 on 12/06/17) defines important support below its short-term average. Damaging violations would raise greater concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : New Pivot Point Cited After Rebound Above 50-Day Moving Average - 1/5/2018 |
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C
A
S
I |
TPL
-
NYSE
Texas Pacific Land Trust
FINANCIAL SERVICES - Diversified Investments
|
$501.59
|
+20.34
4.23% |
$502.38
|
30,851
237.32% of 50 DAV
50 DAV is 13,000
|
$485.50
3.31%
|
12/21/2017
|
$419.50
|
PP = $435.09
|
|
MB = $456.84
|
Most Recent Note - 1/9/2018 1:16:25 PM
G - Hitting another new high with today's gain backed by above average volume, getting more extended from the prior base. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs in the $434 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Real Estate Trust Perched Within Striking Distance of Prior High - 12/21/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc
INTERNET - Internet Service Providers
|
$128.75
|
-0.52
-0.40% |
$131.99
|
908,157
61.53% of 50 DAV
50 DAV is 1,476,000
|
$131.66
-2.21%
|
12/29/2017
|
$113.06
|
PP = $123.58
|
|
MB = $129.76
|
Most Recent Note - 1/9/2018 2:10:24 PM
Y - Touched a new high today then reversed into the red after 3 consecutive gains marked by just average volume. Gains above the pivot point must have at least +40% above average volume to meet the guidelines for a proper technical buy signal. Its 50 DMA line ($106.61) defines support above the recent low ($98.50 on 12/06/17). This China-based Internet - Content firm's fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Touched a New High But Ended Below New Pivot Point Cited - 1/4/2018 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$157.61
|
+2.99
1.93% |
$158.88
|
408,212
60.93% of 50 DAV
50 DAV is 670,000
|
$159.35
-1.09%
|
12/22/2017
|
$138.07
|
PP = $142.90
|
|
MB = $150.05
|
Most Recent Note - 1/9/2018 1:56:19 PM
G - Color code is changed to green after rising back above its "max buy" level. Near term chart support is defined by the prior high $142.80.
>>> FEATURED STOCK ARTICLE : Sales Revenues Growth Rate Shows Acceleration - 12/22/2017 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
Bldg-Mobile/Mfg and RV
|
$66.25
|
-0.35
-0.53% |
$67.05
|
136,961
90.11% of 50 DAV
50 DAV is 152,000
|
$71.13
-6.85%
|
10/26/2017
|
$90.90
|
PP = $87.90
|
|
MB = $92.30
|
Most Recent Note - 1/9/2018 2:01:57 PM
G - Retreated from its all-time high with volume indicative of distributional pressure. Its 50 DMA line and prior high coincide in the $64 area defining near-term support to watch. Fundamentals remain strong. Shares split 3/2 effective 12/11/17, so do not be confused by the impact on the share prices.
>>> FEATURED STOCK ARTICLE : Hovering Near High Following 3:2 Share Split - 12/15/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$45.69
|
+0.17
0.37% |
$46.19
|
717,693
81.46% of 50 DAV
50 DAV is 881,000
|
$47.29
-3.38%
|
10/9/2017
|
$39.75
|
PP = $41.54
|
|
MB = $43.62
|
Most Recent Note - 1/9/2018 5:30:31 PM
G - Consolidating above its 50 DMA line, not far from its all-time high. Recent lows in the $43.00 area define important support where more damaging losses would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near High After Brief Consolidation Below 50 DMA Line - 1/9/2018 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$67.90
|
+0.95
1.42% |
$68.28
|
1,209,481
107.99% of 50 DAV
50 DAV is 1,120,000
|
$73.55
-7.68%
|
1/2/2018
|
$69.16
|
PP = $68.99
|
|
MB = $72.44
|
Most Recent Note - 1/8/2018 12:44:51 PM
Y - Gapped down today abruptly retreating from its all-time high, raising concerns while negating its recent rally from an advanced 3-4 week tight base. Its 50 DMA line ($62.53) defines near-term support above prior highs in the $57-58 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Retail - Discount & Variety Firm Has Strong Fundamentals - 12/19/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$194.85
|
+0.00
0.00% |
$198.30
|
1,221,078
127.20% of 50 DAV
50 DAV is 960,000
|
$197.25
-1.22%
|
1/8/2018
|
$191.68
|
PP = $192.85
|
|
MB = $202.49
|
Most Recent Note - 1/8/2018 5:24:38 PM
Y - Finished strong today after highlighted in yellow with new pivot point cited based on its 11/24/17 high plus 10 cents. Gain and strong close above the pivot point backed by +215% above average volume triggered a convincing new (or add-on) technical buy signal. Recently found support above its 50 DMA line ($171.39). Subsequent losses leading to a violation may trigger a technical sell signal. Fundamentals remain very strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Breakout With Volume-Driven Gain For New High - 1/8/2018 |
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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 |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$249.98
|
-1.08
-0.43% |
$252.33
|
696,683
76.90% of 50 DAV
50 DAV is 906,000
|
$251.95
-0.78%
|
1/8/2018
|
$248.88
|
PP = $245.75
|
|
MB = $258.04
|
Most Recent Note - 1/8/2018 12:26:40 PM
Y - Hitting a new high today after a choppy 6-week consolidation during which its 50 DMA line ($224.59) acted as support. Color code is changed to yellow with a new pivot point cited based on its 11/21/17 high plus 10 cents. Gains backed by at least +40% above average volume and a close above the pivot point may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Wedging Near Prior High - 1/2/2018 |
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C
A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$69.16
|
-2.20
-3.08% |
$71.80
|
2,595,591
208.98% of 50 DAV
50 DAV is 1,242,000
|
$74.81
-7.55%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 1/9/2018 1:02:41 PM
G - Its 50 DMA line ($67.56) defines initial support. Retreating from its all-time high, encountering mild distributional pressure after an advanced "3-weeks tight" base was recently noted. The 2 latest quarters were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns with regard to the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Extended From Any Base, Grubhub Hits Another New Record High - 12/18/2017 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$76.15
|
+1.75
2.35% |
$76.65
|
133,662
69.25% of 50 DAV
50 DAV is 193,000
|
$79.40
-4.09%
|
12/26/2017
|
$75.00
|
PP = $79.50
|
|
MB = $83.48
|
Most Recent Note - 1/9/2018 1:59:43 PM
Y - Still perched within striking distance of the new pivot point cited based on its 12/04/17 high plus 10 cents after forming an advanced ascending base. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Subsequent losses leading to violations of the 50 DMA line or recent low ($68.30 on 12/13/17) may trigger technical sell signals. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Building on an Advanced Ascending Base Pattern - 12/26/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$51.00
|
+0.15
0.29% |
$51.25
|
1,019,120
181.02% of 50 DAV
50 DAV is 563,000
|
$54.30
-6.08%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
|
MB = $49.35
|
Most Recent Note - 1/8/2018 3:38:08 PM
G - Churning above average volume and pulling back, consolidating after getting extended from any sound base. Its 50 DMA line ($48.27) defines important near-term support above prior highs in the $46 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Extended From Latest Base and Perched Near Record High - 12/20/2017 |
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C
A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$48.07
|
+1.19
2.54% |
$48.46
|
276,741
114.83% of 50 DAV
50 DAV is 241,000
|
$46.99
2.30%
|
1/3/2018
|
$45.88
|
PP = $47.09
|
|
MB = $49.44
|
Most Recent Note - 1/8/2018 4:08:56 PM
Y - Posted a gain with below average volume for a best-ever close. Color code was changed to yellow after an advanced "3-weeks tight" base was noted. New pivot point was cited based on its 12/18/17 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 ($43.93) defines near-term support to watch. Made gradual progress since 10/26/17 when it priced a Secondary Offering. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Tight Weekly Closes Formed Advanced Base Pattern - 1/3/2018 |
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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 |
|
|
|
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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
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