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AFTER MARKET UPDATE - FRIDAY, JANUARY 11TH, 2019
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DOW |
-5.97 |
23,995.95 |
-0.02% |
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Volume |
802,836,990 |
-10% |
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Volume |
2,059,351,899 |
-5% |
|
NASDAQ |
-14.59 |
6,971.48 |
-0.21% |
|
Advancers |
1,675 |
57% |
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Advancers |
1,657 |
54% |
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S&P 500 |
-0.38 |
2,596.26 |
-0.01% |
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Decliners |
1,281 |
43% |
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Decliners |
1,407 |
46% |
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Russell 2000 |
+1.95 |
1,447.38 |
+0.14% |
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52 Wk Highs |
16 |
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52 Wk Highs |
26 |
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S&P 600 |
+2.60 |
902.03 |
+0.29% |
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52 Wk Lows |
5 |
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52 Wk Lows |
13 |
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Major Indices Finished Flat as Leadership Remained Thin
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished little changed Friday. The Dow lost 5 points to 23,995. The S&P 500 was essentially flat at 2,596 while the Nasdaq Composite slipped 14 points to 6,971. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 4-3 margin on the NYSE and 8-7 on the Nasdaq exchange. There were 4 high-ranked companies from the Leaders List that made a new 52-week high and were listed on the BreakOuts Page, up from 1 on the prior session total. There was an increase in new 52-week highs on both the NYSE and on the Nasdaq exchange versus the prior session. New 52-week highs outnumbered new 52-week lows on the Nasdaq exchange and on the NYSE. The major indices are in a confirmed uptrend after recently noted improvements helped to signal a change in market direction (M criteria) back to a bullish stance. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Charts used courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index has rebounded near its 50-day moving average (DMA) line which previously acted as resistance.
The U.S. equity market ended a five session winning streak amid concern over the impact of a prolonged U.S. government shutdown and a possible economic slowdown in China. The major averages, however, posted their third straight weekly gain with the S&P adding 2.4% while the Dow and Nasdaq climbed 2.5% and 3.5% respectively. On the data front, a report showed consumer prices rose 1.9% year-over-year in December, in line with the consensus forecast. Core CPI, which excludes the volatile food and energy components, increased 2.2% last month, above the Fed’s target of 2.0%.
Seven of 11 S&P 500 sectors finished in negative territory as Utilities and Energy stocks lagged. In earnings news, General Motors (GM +7.05%) rose after providing a positive profit outlook. Shares of PVH Corp (PVH +6.90%) rallied following the apparel maker’s increased quarterly and full-year guidance. In other corporate news, shares of Netflix (NFLX +3.98) rose above its 200 DMA line following an analyst upgrade.
Treasuries finished higher sending the yield of the benchmark 10-year note down four basis points to 2.70%. In commodities, NYMEX WTI crude was off 1.7% to $51.68/barrel which ended a nine session winning streak. COMEX gold added 0.1% at $1,288.30/ounce amid a weaker dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.45%) and the Broker/Dealer Index ($XBD +0.46%) both posted modest gains while the Retail Index ($RLX -0.33%) edged lower. The Semiconductor Index ($SOX +0.97%) and the Networking Index ($NWX +0.27%) both rose while the Biotech Index ($BTK -0.05%) finished flat. Energy-linked groups slumped as the Oil Services Index ($OSX -1.02%) and Integrated Oil Index ($XOI -0.85%) fell, meanwhile the Gold & Silver Index ($XAU +0.19%) inched higher.
Charts courtesy of www.stockcharts.com
 PICTURED: The Bank Index ($BKX +0.45%) remains below its 50-day moving average (DMA) line which aced as resistance in prior months.
| Oil Services |
$OSX |
94.18 |
-0.97 |
-1.02% |
+16.85% |
| Integrated Oil |
$XOI |
1,248.80 |
-10.68 |
-0.85% |
+7.74% |
| Semiconductor |
$SOX |
1,213.04 |
+11.64 |
+0.97% |
+5.01% |
| Networking |
$NWX |
514.40 |
+1.39 |
+0.27% |
+5.27% |
| Broker/Dealer |
$XBD |
250.35 |
+1.14 |
+0.46% |
+5.48% |
| Retail |
$RLX |
2,073.56 |
-6.90 |
-0.33% |
+6.26% |
| Gold & Silver |
$XAU |
71.71 |
+0.14 |
+0.20% |
+1.49% |
| Bank |
$BKX |
90.55 |
+0.41 |
+0.45% |
+5.55% |
| Biotech |
$BTK |
4,763.18 |
-2.45 |
-0.05% |
+12.85% |
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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 |
MLR
-
NYSE
Miller Industries Inc
AUTOMOTIVE - Auto Parts
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$28.11
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-0.06
-0.21% |
$28.29
|
28,584
75.22% of 50 DAV
50 DAV is 38,000
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$29.40
-4.39%
|
11/30/2018
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$28.35
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PP = $29.50
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MB = $30.98
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Most Recent Note - 1/11/2019 5:10:22 PM
Y - Volume totals have been cooling while holding its ground perched within close striking distance of prior highs. Little resistance remains due to overhead supply up to the $29 level. Its 50 DMA line and recent low define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of Prior High - 1/8/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
UBNT
-
NASDAQ
Ubiquiti Networks
TELECOMMUNICATIONS - Diversified Communication Serv
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$106.49
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-0.17
-0.16% |
$107.95
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336,926
77.45% of 50 DAV
50 DAV is 435,000
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$115.44
-7.75%
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11/9/2018
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$108.20
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PP = $101.43
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MB = $106.50
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Most Recent Note - 1/11/2019 5:16:43 PM
Y - Perched near its "max buy" level. Recent rebound above its 50 DMA line ($103.35) helped its outlook improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Needs Rebound Above 50-Day Average to Help Outlook - 1/2/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PLNT
-
NYSE
Planet Fitness Inc Cl A
Leisure-Services
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$58.80
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+0.17
0.29% |
$58.80
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952,405
71.99% of 50 DAV
50 DAV is 1,323,000
|
$59.23
-0.73%
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11/7/2018
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$57.10
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PP = $55.45
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MB = $58.22
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Most Recent Note - 1/11/2019 5:13:03 PM
G - Posted a 6th consecutive gain for a best-ever close and its color code is changed to green after rising above its "max buy" level. Recent gains lacked great volume conviction. Its 50 DMA line ($53.38) defines important near-term support to watch above the recent low ($48).
>>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Moving Average Line - 1/4/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
TEAM
-
NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs
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$95.65
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+0.15
0.16% |
$96.47
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934,885
63.30% of 50 DAV
50 DAV is 1,477,000
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$98.21
-2.61%
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1/7/2019
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$94.68
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PP = $98.31
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MB = $103.23
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Most Recent Note - 1/11/2019 5:14:58 PM
Y - Volume totals have been cooling while stubbornly holding its ground perched within close striking distance of its prior high. Color code was changed to yellow with new pivot point cited based on its 10/01/18 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. It found support at its 200 DMA line during the consolidation after dropped from the Featured Stocks list on 10/10/18.
>>> FEATURED STOCK ARTICLE : Rebounding Near Prior High Which May Act as Resistance - 1/7/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
INVA
-
NASDAQ
Innoviva Inc
Medical-Biomed/Biotech
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$19.39
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+0.02
0.10% |
$19.82
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812,412
66.81% of 50 DAV
50 DAV is 1,216,000
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$19.58
-0.97%
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11/23/2018
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$17.74
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PP = $18.09
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MB = $18.99
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Most Recent Note - 1/11/2019 5:08:15 PM
G - Hit another a new high with today's 6th consecutive gain. After rising above its "max buy" level its color code was changed to green. Its 1/09/19 gain had volume +66% above average helping clinch a technical buy signal. The 50 DMA line ($17) and prior low ($15.55 on 12/24/18) define near-term support.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Average Line Near High - 1/3/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
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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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