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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 13TH, 2016
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DOW |
-364.81 |
16,151.41 |
-2.21% |
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Volume |
1,150,959,110 |
+4% |
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Volume |
2,287,869,270 |
+18% |
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NASDAQ |
-159.86 |
4,526.06 |
-3.41% |
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Advancers |
361 |
12% |
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Advancers |
398 |
13% |
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S&P 500 |
-48.40 |
1,890.28 |
-2.50% |
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Decliners |
2,746 |
88% |
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Decliners |
2,644 |
87% |
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Russell 2000 |
-34.51 |
1,010.19 |
-3.30% |
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52 Wk Highs |
12 |
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52 Wk Highs |
12 |
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S&P 600 |
-17.36 |
607.34 |
-2.78% |
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52 Wk Lows |
747 |
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52 Wk Lows |
552 |
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Major Indices Tumble as Correction Turns Even Uglier
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow lost 364 points to 16151. The S&P 500 fell 48 points to 1890. The NASDAQ declined 159 points at 4526. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by more than a 7-1 margin on the NYSE and by more than 6-1 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, up from 1 on the prior session. There were losses for all 3 high-ranked companies remaining on the Featured Stocks Page, a list trimmed as weakness weighed on prior leaders and the broader market. New 52-week lows swelled and solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.Charts used courtesy of www.stockcharts.com
 PICTURED: The Nasdaq Composite Index slumped badly again with higher volume as it undercut its latest lows, killing the nascent new rally attempt. The tech-heavy index is -13.5% off its record high and slumping near its lowest closes of late-2015. 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. Stocks tumbled lower on Wednesday. The S&P 500 finished below 1900 for only the fourth time in the past 14 months as an early rally in oil prices stalled. In economic news, the Fed’s Beige Book release showed that the economy expanded in most of the country despite flat wage growth. Some of the best performers in 2015 led the decline with Netflix (NFLX -8.6%) and Amazon (AMZN -5.8%) both slumping badly. MetLife (MET +2.2%) rose after the insurer said it is considering a sale or spinoff of its domestic retail business. Ford (F -5.1%) fell amid margin concerns at its North American business. All ten sectors in the S&P 500 finished lower on Wednesday. Tech, Healthcare and Consumer Discretionary stocks all slid more than 2.7% to lead the losses. Treasuries reversed early losses to finish higher once again as a perceived “risk off” trade took hold. The 10-year note added 10/32 to yield 2.07% after standout demand in the latest $21 billion auction. In commodities, NYMEX WTI crude climbed 0.4% to $30.56/barrel, well off its high for the day after a mixed U.S. crude inventory report. COMEX gold advanced 0.8% to $1094.20/ounce. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech and Energy-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -4.20%) and Bank Index ($BKX-3.43%) both suffered big losses and had a negative influence on the major averages while the Retail Index ($RLX-4.45%) also sank. The tech sector suffered as the Semiconductor Index ($SOX -3.14%), Biotechnology Index ($BTK -5.30%), and Networking Index ($NWX -2.76%) ended unanimously lower. The Oil Services Index ($OSX -2.80%) and the Integrated Oil Index ($XOI -2.66%) were big decliners again, meanwhile the Gold & Silver Index ($XAU +0.48%) was a standout as it posted a small gain.Charts courtesy www.stockcharts.com
 ![]() PICTURED: The Integrated Oil Index ($XOI -2.66%) has slumped badly after violating prior lows.
| Oil Services |
$OSX |
135.31 |
-3.90 |
-2.80% |
-14.21% |
| Integrated Oil |
$XOI |
937.07 |
-25.58 |
-2.66% |
-12.64% |
| Semiconductor |
$SOX |
589.48 |
-19.08 |
-3.14% |
-11.15% |
| Networking |
$NWX |
343.62 |
-9.77 |
-2.76% |
-8.59% |
| Broker/Dealer |
$XBD |
154.70 |
-6.78 |
-4.20% |
-13.14% |
| Retail |
$RLX |
1,171.09 |
-54.56 |
-4.45% |
-8.76% |
| Gold & Silver |
$XAU |
43.05 |
+0.20 |
+0.47% |
-4.97% |
| Bank |
$BKX |
64.79 |
-2.30 |
-3.43% |
-11.34% |
| Biotech |
$BTK |
3,173.57 |
-177.74 |
-5.30% |
-16.79% |
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Violation of 50-Day Moving Average and Prior Lows Triggered Sell Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stamps.Com Inc (STMP -$10.82 or -10.13% to $95.98) suffered a damaging volume-driven loss today and triggered a technical sell signal. It violated its 50-day moving average (DMA) line which was previously noted as important near-term support to watch. Its latest consolidation was too brief to be considered a sound base. Its last appearance in this FSU section with an annotated graph was on 12/28/15 under the headline, "Consolidation Was Brief Following Prior Breakaway Gap". STMP was highlighted in yellow with pivot point cited based on its 8/19/15 high plus 10 cents in the 11/06/15 mid-day report (read here). Nearly 8 times average volume was behind its considerable "breakaway gap". Breakaway gaps are one noted exception where chasing a stock more than +5% above prior highs is permitted under the fact-based investment system guidelines, but risk increases the further above prior highs one makes any purchases. Bullish action came after it reported earnings +61% on +37% sales revenues for the Sep '15 quarter, well above the +25% minimum guideline (C criteria), continuing its strong earnings history matching the fact-based investment system's winning models. Earnings rose +44%, +76%, and 61% in the Mar, Jun, and Sep '15 quarters, respectively, versus the year ago periods. Sales revenues rose +32%, +41%, and +37% during that same span. It has earned an Earnings Per Share Rating of 99, putting it in the top 1% of all publicly traded stocks based on its earnings history over the past 5 years. The Retail - Internet firm has other strong leaders in the group confirming the L criteria, as the group has an A+ Group Relative Strength Rating. Its annual earnings (A criteria) history has shown strong and steady increases since FY '09 following a couple of flat years. The number of top-rated funds owning its shares rose from 232 in Dec '14 to 319 in Sep '15, a reassuring sign concerning the I criteria. Its small supply of only 16.6 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Charts courtesy www.stockcharts.com
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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,
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