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AFTER MARKET UPDATE - THURSDAY, JANUARY 21ST, 2016
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DOW |
+115.94 |
15,882.68 |
+0.74% |
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Volume |
1,167,432,540 |
-18% |
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Volume |
2,239,520,830 |
-24% |
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NASDAQ |
+0.37 |
4,472.06 |
+0.01% |
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Advancers |
2,005 |
65% |
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Advancers |
1,677 |
56% |
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S&P 500 |
+9.66 |
1,868.99 |
+0.52% |
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Decliners |
1,077 |
35% |
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Decliners |
1,337 |
44% |
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Russell 2000 |
-1.97 |
997.34 |
-0.20% |
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52 Wk Highs |
4 |
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52 Wk Highs |
4 |
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S&P 600 |
-1.47 |
602.20 |
-0.24% |
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52 Wk Lows |
93 |
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52 Wk Lows |
111 |
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Lack of Leadership Remains a Concern as Indices Try to Halt Slide
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rebounded on Thursday. The Dow gained 115 points to 15882. The S&P 500 added 9 points to 1868. The NASDAQ was flat at 4472. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, revealing lackluster buying demand coming from the institutional crowd. Advancers led decliners by nearly a 2-1 margin on the NYSE, but advancers led decliners by only a narrow margin on the Nasdaq exchange. New leadership remained elusive and there were zero high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page. The Featured Stocks Page has been trimmed considerably as weakness weighed on prior leaders and the broader market. New 52-week lows contracted but still easily outnumbered the single-digit list of new 52-week highs on the NYSE and on the Nasdaq exchange combined.Charts used courtesy of www.stockcharts.com
 PICTURED: The S&P 400 Mid Cap Index recently slumped below prior lows with volume-driven losses. It slumped below the 2015 lows and intra-day on the prior session traded -21.6% off its record high hit in June 2015, passing the "Bear Market" threshold of -20%. 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 rallied with oil prices after European Central Bank
President Mario Draghi signaled that more monetary support may be on the way.
The Euro Stoxx 600 jumped more than 2% on the news while the S&P 500 erased
a 0.5% loss. On the domestic data front, initial jobless claims came in at
293,000, above the 278,000 predicted by analysts and more than the 284,000 filed
last week.
Seven out of ten sectors in the S&P 500 finished higher. Energy and
telecom shares paced the gains while financials and healthcare stocks
underperformed.
In earnings, Verizon (VZ +3.26%) rose after slightly beating Wall
Street profit and revenue projections. Southwest Airlines (LUV +0.51%) inched higher on reporting record fourth quarter and full year profits. In financials,
Deutsche Bank (DB -3.88%) fell after a negative fourth quarter
pre-announcement.
Treasuries sold off as risk assets advanced. The benchmark 10-year note lost
12/32 to yield 2.02%. In commodities, NYMEX WTI crude surged 5.2% to
$29.82/barrel despite another 4.6 million barrel climb in U.S. crude
inventories. COMEX gold fell 0.4% to $1101.80/ounce. In FOREX, the dollar gained
on the yen but retreated against emerging currencies. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Retail, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX-1.37%) and Broker/Dealer Index ($XBD -1.53%) both slumped while the Retail Index ($RLX+1.02%) ended higher on Thursday. The tech sector was mixed as the Biotechnology Index ($BTK -2.88%) fell while the Networking Index ($NWX +0.10%) was little changed and the Semiconductor Index ($SOX +1.49%) rose. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +3.76%) and Integrated Oil Index ($XOI +2.76%) both bounced back with solid gains and the Gold & Silver Index ($XAU +1.30%) also rose.Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX +0.10%) recently slumped below prior lows.
| Oil Services |
$OSX |
133.45 |
+4.84 |
+3.76% |
-15.39% |
| Integrated Oil |
$XOI |
925.40 |
+24.88 |
+2.76% |
-13.73% |
| Semiconductor |
$SOX |
587.56 |
+8.62 |
+1.49% |
-11.44% |
| Networking |
$NWX |
333.73 |
+0.35 |
+0.10% |
-11.23% |
| Broker/Dealer |
$XBD |
147.13 |
-2.28 |
-1.53% |
-17.38% |
| Retail |
$RLX |
1,160.14 |
+11.73 |
+1.02% |
-9.61% |
| Gold & Silver |
$XAU |
40.62 |
+0.52 |
+1.30% |
-10.33% |
| Bank |
$BKX |
61.26 |
-0.85 |
-1.37% |
-16.17% |
| Biotech |
$BTK |
3,108.08 |
-92.08 |
-2.88% |
-18.51% |
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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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