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AFTER MARKET UPDATE - MONDAY, JANUARY 11TH, 2016
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DOW |
+52.12 |
16,398.57 |
+0.32% |
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Volume |
1,047,096,000 |
-4% |
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Volume |
2,212,324,800 |
+6% |
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NASDAQ |
-5.64 |
4,637.99 |
-0.12% |
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Advancers |
1,064 |
35% |
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Advancers |
1,128 |
39% |
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S&P 500 |
+1.64 |
1,923.67 |
+0.09% |
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Decliners |
2,013 |
65% |
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Decliners |
1,800 |
61% |
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Russell 2000 |
-4.31 |
1,041.90 |
-0.41% |
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52 Wk Highs |
10 |
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52 Wk Highs |
12 |
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S&P 600 |
-0.32 |
623.10 |
-0.05% |
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52 Wk Lows |
598 |
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52 Wk Lows |
478 |
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Indices Mixed With Negative Breadth as New Lows List Swells
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were mixed on Monday. The Dow added 52 points to 16398. The S&P 500 was up 1 point to 1923. The NASDAQ fell 5 points to 4637. Volume totals were mixed, lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and by 3-2 on the Nasdaq exchange. Leadership remained thin as there were 5 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, matching the prior session total. There were losses for 2 of the 3 high-ranked companies remaining on the Featured Stocks Page. That list was trimmed as market weakness weighed on prior leaders and the broader market. The new 52-week lows totals swelled again as they solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.Charts used courtesy of www.stockcharts.com
 PICTURED: The S&P 500 Index halted its slide on Monday. After damaging volume-driven losses toward prior lows, the benchmark index is -9.9% off its record high. Concerns rose as it and the other major averages again slumped well below their respective 50-day and 200-day moving average (DMA) lines. The fact-based investment system always prompts investors to reduce exposure by selling faltering stocks in weak markets. New leadership (stocks hitting new highs) has become elusive as the major averages (M criteria) resumed their previously noted "correction" and distributional pressure from the institutional crowd brought widespread damage to stocks. This is a good time to keep a watchlist of the strongest stocks, meanwhile, preserving cash and reducing risk until a new confirmed rally is finally noted. The major averages fluctuated throughout the session after falling at least 6% last week. Investor attention will turn to earnings after the bell, with Alcoa’s report marking the un-official start to fourth-quarter reporting season. According to Bloomberg data, consensus projections are for S&P 500 profits to drop 6.7% versus the same period a year ago. In M&A news, Baxalta (BXLT -2.27%) fell after agreeing to a cash-and-stock takeover offer from Shire PLC (SHPG -9.94%). Macy’s (M +8.2%) rose on news that major shareholder Starboard Value is pushing the company to monetize its real estate value. Seven out of ten sectors in the S&P 500 finished in positive territory on Monday. Consumer staples and discretionary stocks paced the gains while energy and materials shares once again underperformed. Headlining the losses in energy was Freeport-McMoRan (FCX -20.33%) falling sharply and sinking to its lowest level in 15 years. Treasuries were mixed with the curve steepening. The benchmark 10-year note retreated 14/32 to yield 2.17%. In commodities, NYMEX crude shed another 5.7% to $31.24/barrel while COMEX gold slipped 0.3% to $1094.30/ounce. In FOREX, the dollar pushed higher with strength against the euro. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail Index Outpaced Networking and Semiconductor Indexes
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX+1.37%) posted a solid gain on Monday as it ended a 7 session losing streak. The Bank Index ($BKX+0.20%) eked out a small gain while the Broker/Dealer Index ($XBD -0.05%) finished flat. The Semiconductor Index ($SOX +0.51%) and the Networking Index ($NWX +0.43%) both posted small gains, but the Biotechnology Index ($BTK -4.01%) suffered a large loss. Commodity-linked groups had a negative impact on the session as the Gold & Silver Index ($XAU -5.78%) fell hard and the Oil Services Index ($OSX -2.67%) and Integrated Oil Index ($XOI -2.09%) both lost more than -2%.Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD -0.05%) is testing prior lows after 8 consecutive losses.
| Oil Services |
$OSX |
138.41 |
-3.79 |
-2.67% |
-12.25% |
| Integrated Oil |
$XOI |
960.11 |
-20.45 |
-2.09% |
-10.50% |
| Semiconductor |
$SOX |
603.55 |
+3.07 |
+0.51% |
-9.03% |
| Networking |
$NWX |
350.19 |
+1.51 |
+0.43% |
-6.85% |
| Broker/Dealer |
$XBD |
161.13 |
-0.08 |
-0.05% |
-9.53% |
| Retail |
$RLX |
1,214.02 |
+16.37 |
+1.37% |
-5.41% |
| Gold & Silver |
$XAU |
44.38 |
-2.72 |
-5.77% |
-2.03% |
| Bank |
$BKX |
66.53 |
+0.13 |
+0.20% |
-8.96% |
| Biotech |
$BTK |
3,299.11 |
-137.98 |
-4.01% |
-13.50% |
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Help Available For You in Making Fact-Based Buy/Sell Decisions With Greater Success
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
There are few stocks included on the Featured Stocks list now and none of the companies need additional review. At times like these we have an opportunity to look back. In the past we reviewed Ambarella (AMBA) on 9/03/15 and Skyworks (SWKS) on 9/17/15. Previously featured stocks which were dropped can serve as great educational examples of the investment system's tactics. Some are vivid reminders that all high-ranked leaders eventually fall out of favor. If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you! Professional Money Management Services - A Winning System - Inquire today!
Our skilled portfolio manager knows how to follow the rules of this fact-based investment system. We do not follow opinion or the "conviction list" of some large Wall Street institution which would have us fully invested even during horrific bear markets. Instead, we remain fluid and only buy the best stocks when they are triggering proper technical buy signals. If you are not completely satisfied with the way your portfolio is being managed, Click here and indicate "Find a Broker" to get connected with our portfolio managers. *Accounts over $250,000 please. ** Serious inquires only, please. |
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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***
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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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