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AFTER MARKET UPDATE - THURSDAY, JANUARY 14TH, 2016
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DOW |
+227.64 |
16,379.05 |
+1.41% |
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Volume |
1,216,662,730 |
+6% |
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Volume |
2,354,615,310 |
+3% |
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NASDAQ |
+88.94 |
4,615.00 |
+1.97% |
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Advancers |
2,077 |
67% |
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Advancers |
2,156 |
70% |
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S&P 500 |
+31.56 |
1,921.84 |
+1.67% |
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Decliners |
1,011 |
33% |
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Decliners |
907 |
30% |
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Russell 2000 |
+15.48 |
1,025.67 |
+1.53% |
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52 Wk Highs |
6 |
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52 Wk Highs |
8 |
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S&P 600 |
+9.00 |
616.34 |
+1.48% |
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52 Wk Lows |
718 |
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52 Wk Lows |
531 |
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Leadership Elusive as Major Average Bounced
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks climbed higher on Thursday. The Dow gained 227 points to 16379. The S&P 500 advanced 31 points to 1921. The Nasdaq Composite was up 88 points to 4615. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 2-1 margin on the NYSE and on the Nasdaq exchange. New leadership was elusive, however, as there were 0 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 5 on the prior session. There were gains for 2 of the 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 again 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 rebounded for a gain after slumping near prior lows. The benchmark index is -10% off its record high and has been 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. The major averages rebounded from the sharpest selloff in three months yesterday. On the data front, initial jobless claims unexpectedly rose to 284,000 versus a projected 275,000. In a presentation this morning, St. Louis Fed President James Bullard said the decline in crude could delay inflation from reaching the Fed’s stated 2% target rate. In earnings, shares of JP Morgan Chase & Co (JPM +1.50%) rose after exceeding consensus profit projections. Best Buy (BBY -9.67%) plunged on reporting weak holiday sales. GoPro (GPRO -14.58%) fell to new lows after reducing forward guidance. Twitter (TWTR +1.71%) managed a positive reversal after hitting a new low intra-day. All ten sectors in the S&P 500 finished in positive territory on Thursday. Energy shares paced the gains, jumping almost 4.5% as a group on the strength of a second daily rise in crude prices. Exxon Mobil (XOM +4.59%) and Chevron (CVX +5.09%) led the group. Treasuries were mixed with the curve steepening after soft demand in the latest $13 billion 30-year bond auction. The benchmark ten-year note was unchanged to yield 2.09%. In commodities, NYMEX WTI crude is advanced 2% to $31.10/barrel. COMEX gold slipped 0.7% to $1079.80/ounce. In FOREX, the dollar gained against its peers for the 18th time in 19 sessions. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Tech, and Financial Groups Led Rebound
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX+1.12%) and the Broker/Dealer Index ($XBD +1.47%) both posted gains and the Retail Index ($RLX+0.38%) also edged higher on Thursday. The Biotechnology Index ($BTK +3.21%) led the tech sector rebound while the Semiconductor Index ($SOX +2.05%) and the Networking Index ($NWX +1.31%) both rose. Commodity-linked groups were mixed, with the Oil Services Index ($OSX +3.34%) and Integrated Oil Index ($XOI +4.42%) both bouncing back with solid gains, but the Gold & Silver Index ($XAU -3.56%) suffered a big loss.Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX+0.38%) violated its 200-day moving average (DMA) line on the prior session, then dipped closer to prior lows intra-day before rebounding for a small gain on Thursday.
| Oil Services |
$OSX |
139.83 |
+4.52 |
+3.34% |
-11.35% |
| Integrated Oil |
$XOI |
978.54 |
+41.46 |
+4.42% |
-8.78% |
| Semiconductor |
$SOX |
601.57 |
+12.09 |
+2.05% |
-9.33% |
| Networking |
$NWX |
348.11 |
+4.49 |
+1.31% |
-7.40% |
| Broker/Dealer |
$XBD |
156.97 |
+2.28 |
+1.47% |
-11.86% |
| Retail |
$RLX |
1,175.51 |
+4.42 |
+0.38% |
-8.41% |
| Gold & Silver |
$XAU |
41.52 |
-1.53 |
-3.55% |
-8.34% |
| Bank |
$BKX |
65.52 |
+0.73 |
+1.13% |
-10.34% |
| Biotech |
$BTK |
3,275.51 |
+101.94 |
+3.21% |
-14.12% |
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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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