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AFTER MARKET UPDATE - FRIDAY, JANUARY 22ND, 2016
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DOW |
+210.83 |
16,093.51 |
+1.33% |
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Volume |
1,161,209,620 |
-1% |
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Volume |
1,992,873,000 |
-11% |
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NASDAQ |
+119.12 |
4,591.18 |
+2.66% |
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Advancers |
2,811 |
90% |
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Advancers |
2,480 |
82% |
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S&P 500 |
+37.91 |
1,906.90 |
+2.03% |
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Decliners |
328 |
10% |
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Decliners |
529 |
18% |
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Russell 2000 |
+23.43 |
1,020.77 |
+2.35% |
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52 Wk Highs |
13 |
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52 Wk Highs |
15 |
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S&P 600 |
+12.77 |
614.97 |
+2.12% |
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52 Wk Lows |
25 |
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52 Wk Lows |
54 |
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Breadth Turns Positive as Indices Get a Break From Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow added 0.6%, the S&P 500 was up 1.4% and the NASDAQ outperformed with a 2.3% gain. Stocks rallied on Friday. The Dow was up 210 points to 16093. The S&P 500 added 37 points to 1906. The NASDAQ advanced 119 points at 4591. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, again revealing lackluster buying demand coming from the institutional crowd. Breadth was positive as advancers led decliners by more than an 8-1 margin on the NYSE and by more than a 4-1 margin on the Nasdaq exchange. There were 5 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 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 after a brief slump below prior lows with volume-driven losses. At the intra-day low on Wednesday's session the benchmark index traded -15.1% off its record high hit in May 2015. 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 continued Thursday’s rebound after dovish comments from the European Central Bank and surging crude oil prices. Japan’s Nikkei spiked 5.9% overnight while the Euro Stoxx 600 climbed 3%. On the data front, a preliminary January reading of U.S. Markit Manufacturing rose to 52.7, above the 51.0 projected by analysts. Existing home sales increased 14.7% versus expectations of a 9.2% advance. Finally, a gauge of leading indicators fell 0.2%, in line with analyst predictions. All ten sectors of the S&P 500 finished higher on Friday. Energy shares led the way with a 4.2% gain while tech and telecom stocks also outperformed. In tech, Apple (AAPL +5.32%) rebounded after positive analyst commentary. In earnings, General Electric (GE -1.22%) fell after missing revenue forecasts. Schlumberger (SLB +6.10%) rose after beating earnings estimates and announcing a $10 billion share buyback. Treasuries retreated with the benchmark 10-year note finishing 6/32 lower to yield 2.05%. In commodities, NYMEX WTI rebounded another 9.1% to $32.21/barrel. COMEX gold traded flat at $1098.00/ounce. In FOREX, the dollar index gained 0.5%. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Financial, Retail, and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX+1.64%) and the Broker/Dealer Index ($XBD +2.90%) both posted solid gains and the Retail Index ($RLX+2.08%) also was firmly higher on Friday. The Biotechnology Index ($BTK +3.11%) led the tech sector rebound while the Networking Index ($NWX +2.25%) and the Semiconductor Index ($SOX +1.85%) both rose. Energy-linked groups were up, with the Oil Services Index ($OSX +4.35%) and Integrated Oil Index ($XOI +4.59%) both tallying solid gains, but the Gold & Silver Index ($XAU +0.74%) was a laggard as it posted a smaller gain.Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX +1.85%) halted its slide above prior lows.
| Oil Services |
$OSX |
139.26 |
+5.81 |
+4.35% |
-11.71% |
| Integrated Oil |
$XOI |
967.92 |
+42.52 |
+4.59% |
-9.77% |
| Semiconductor |
$SOX |
598.42 |
+10.86 |
+1.85% |
-9.81% |
| Networking |
$NWX |
341.23 |
+7.50 |
+2.25% |
-9.23% |
| Broker/Dealer |
$XBD |
151.39 |
+4.26 |
+2.90% |
-14.99% |
| Retail |
$RLX |
1,184.29 |
+24.15 |
+2.08% |
-7.73% |
| Gold & Silver |
$XAU |
40.92 |
+0.30 |
+0.74% |
-9.67% |
| Bank |
$BKX |
62.26 |
+1.00 |
+1.63% |
-14.81% |
| Biotech |
$BTK |
3,204.79 |
+96.72 |
+3.11% |
-15.97% |
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Someone Ignored the Sell Rules? What Next?
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Have you been reminded that all high-ranked leaders eventually fall out of favor? Featured stocks which were dropped and later reviewed, like Ambarella (AMBA) on 9/03/15, and Skyworks (SWKS) on 9/17/15, serve as great educational examples of the investment system's tactics. 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! Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now!
You can have professional help in limiting your losses and maximizing your gains in all market environments. Consider talking with an expert for personalized help in how your portfolio is managed in 2016 and beyond. Click here and indicate "Find a Broker" to get connected. *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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