You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Tuesday, October 22, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - FRIDAY, JANUARY 15TH, 2016
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
-390.97 |
15,988.08 |
-2.39% |
|
Volume |
1,436,325,520 |
+18% |
|
Volume |
2,540,763,890 |
+8% |
|
NASDAQ |
-126.58 |
4,488.42 |
-2.74% |
|
Advancers |
527 |
17% |
|
Advancers |
506 |
16% |
|
S&P 500 |
-41.55 |
1,880.29 |
-2.16% |
|
Decliners |
2,599 |
83% |
|
Decliners |
2,718 |
84% |
|
Russell 2000 |
-17.93 |
1,007.74 |
-1.75% |
|
52 Wk Highs |
7 |
|
|
52 Wk Highs |
5 |
|
|
S&P 600 |
-7.71 |
608.63 |
-1.25% |
|
52 Wk Lows |
929 |
|
|
52 Wk Lows |
615 |
|
|
 |
Breadth Negative and Leadership Elusive as Market Correction Continues
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow and S&P 500 lost 2.2%, and the NASDAQ declined 3.3%. Stocks retreated on Friday. The Dow fell 391 points to 15987. The S&P 500 was off 41 points to 1880. The NASDAQ declined 126 points at 4488. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 5-1 margin on the NYSE and on the Nasdaq exchange. New leadership remained elusive as there was just 1 high-ranked company from the Leaders List that made a new 52-week high and was listed on the BreakOuts Page. 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 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 Dow Jones Industrial Average had higher volume behind big losses while slumping toward its August 2015 lows. The Blue Chip index is -12.9% off its record high hit in May 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 capped another week of steep losses with the sharpest
decline in more than four months. Oil prices plunged on news that international
sanctions on Iran may be lifted as soon as Monday, allowing OPEC’s fifth largest
producer to boost exports. Both the Shanghai Composite and the Euro Stoxx 600
entered bear market territory after Friday’s losses.
On the data front, retail sales slowed 0.1% in December, which was in line
with analyst expectations. Business inventories fell by 0.2% in November,
slightly below the 0.1% projection. Finally, a preliminary gauge of January
consumer sentiment climbed to a seven month high.
All ten S&P 500 sectors finished lower with tech and energy shares
leading the losses. In earnings, Citigroup (C -6.4%) and Intel (INTC
-9.1%) both fell hard despite each company topping profit expectations.
Treasuries jumped as the global selloff in risk assets sparked a perceived
flight to quality trade. The benchmark 10-year note added 17/32 to yield 2.03%.
In commodities, NYMEX WTI crude descended another 5% to $29.65/barrel. COMEX
gold gained 1.4% to $1089.10/ounce. In FOREX, the dollar was well lower against
the yen and euro. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
|
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Financial, Retail, Tech and Energy-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.53%) and Bank Index ($BKX-2.86%) both suffered big losses and had a negative influence on the major averages while the Retail Index ($RLX-1.83%) also sank. The tech sector suffered as the Semiconductor Index ($SOX -4.53%), Biotechnology Index ($BTK -2.17%), and Networking Index ($NWX -2.40%) ended unanimously lower. The Oil Services Index ($OSX -2.50%) and theIntegrated Oil Index ($XOI -3.51%) were big decliners again, meanwhile the Gold & Silver Index ($XAU -0.25%) was a standout on Friday's session while it posted a small loss.Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD -2.53%) has slumped badly as damaging losses undercut prior lows. Longtime readers of this commentary may remember that weak action from financial shares hurts the broader market outlook because the major indices have been prone to there most severe downdrafts when financial stocks are weak. Financials have a history of being reliable "leading indicators". Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX-2.86%) has slumped badly as damaging losses undercut prior lows.
| Oil Services |
$OSX |
136.33 |
-3.50 |
-2.50% |
-13.57% |
| Integrated Oil |
$XOI |
944.22 |
-34.32 |
-3.51% |
-11.98% |
| Semiconductor |
$SOX |
574.29 |
-27.28 |
-4.53% |
-13.44% |
| Networking |
$NWX |
339.77 |
-8.34 |
-2.40% |
-9.62% |
| Broker/Dealer |
$XBD |
153.00 |
-3.97 |
-2.53% |
-14.09% |
| Retail |
$RLX |
1,153.98 |
-21.53 |
-1.83% |
-10.09% |
| Gold & Silver |
$XAU |
41.42 |
-0.10 |
-0.24% |
-8.57% |
| Bank |
$BKX |
63.64 |
-1.87 |
-2.85% |
-12.92% |
| Biotech |
$BTK |
3,204.52 |
-70.99 |
-2.17% |
-15.98% |
|
|
|
 |
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. |
|
|
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***
|
|
|
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.
|
|
|
