You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - TUESDAY, JANUARY 22ND, 2019
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
-301.87 |
24,404.48 |
-1.22% |
|
Volume |
973,172,300 |
-4% |
|
Volume |
2,384,246,350 |
-3% |
|
NASDAQ |
-136.87 |
7,020.36 |
-1.91% |
|
Advancers |
685 |
23% |
|
Advancers |
746 |
24% |
|
S&P 500 |
-37.81 |
2,632.90 |
-1.42% |
|
Decliners |
2,309 |
77% |
|
Decliners |
2,346 |
76% |
|
Russell 2000 |
-25.05 |
1,457.45 |
-1.69% |
|
52 Wk Highs |
15 |
|
|
52 Wk Highs |
26 |
|
|
S&P 600 |
-15.32 |
908.96 |
-1.66% |
|
52 Wk Lows |
28 |
|
|
52 Wk Lows |
37 |
|
|
 |
Breadth Negative and Leadership Waned as Major Indices Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stock finished lower Tuesday. The Dow fell 301 points to 24,404 while the S&P 500 lost 37 points to 2,632. The Nasdaq Composite slipped 136 points to 7,020. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange, however then prior totals were inflated by options expirations. Breadth was negative as decliners led advancers by more than a 3-1 margin on the NYSE and on the Nasdaq exchange. There were 8 high-ranked companies from the Leaders List that made a new 52-week high and were listed on the BreakOuts Page, versus the total of 11 on the prior session. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange versus the prior session. The major indices are in a confirmed uptrend after recently noted improvements helped to signal a change in market direction (M criteria) back to a bullish stance. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Charts used courtesy of www.stockcharts.com
PICTURED: The Dow Jones Industrial Average ended -9.45% off its record as Tuesday's loss broke a streak of 4 consecutive gains with light or average volume. It recently rebounded above its 50-day moving average (DMA) line. Long-time readers may note from that the major averages cannot be considered to be in healthy shape while they are below their respective 200 DMA lines.
The major averages declined amid renewed concerns that global economic growth may be slowing. Yesterday, a survey revealed China’s fourth-quarter GDP eased to the lowest level since 2009, while the annualized figure slumped to the weakest reading since 1990. Separately, the International Monetary Fund trimmed its global growth forecast from 3.7% to 3.5%. In trade news, U.S. representatives confirmed reports that this week’s proposed meeting with Chinese officials has been cancelled. On the domestic data front, an update showed existing home sales declined to the slowest pace in three-years during the month of December.
Ten of 11 S&P 500 sectors finished in negative territory with Utilities the lone outperformer. Industrials were down the most as Stanley Black & Decker (SWK -15.48%) fell, its biggest one-day decline since 2013, after the toolmaker cut its full-year guidance. Meanwhile, shares of Arconic (ARNC -15.96%) fell after its board announced the company will no longer seek a buy-out offer. Energy stocks also finished broadly lower as WTI crude slipped 2.3% to $52.57 amid fears of an economic slowdown.
Treasuries strengthened along the curve as the yield on the 10-year note declined three basis points to 2.75%. In commodities, COMEX gold advanced 0.1% to $1283.50/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Retail, Financial, Tech, and Energy-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -2.54%) slumped and financial stocks were also a negative influence on the major indices on Tuesday as the Broker/Dealer Index ($XBD -1.92%) outpaced the Bank Index ($BKX -0.66%) to the downside. The tech sector had a negative bias as the Semiconductor Index ($SOX-2.85%) and the Biotech Index ($BTK -2.36%) both outpaced the Networking Index ($NWX -1.44%) to the downside. Energy-linked groups also had negative tilt as the Oil Services Index ($OSX -3.78%) and the Integrated Oil Index ($XOI -2.45%) slumped, meanwhile, the Gold & Silver Index ($XAU +0.53%) was a standout gainer.
Charts courtesy of www.stockcharts.com
 PICTURED: The Biotech Index ($BTK -2.36%) fell back to a close below its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
94.84 |
-3.73 |
-3.78% |
+17.67% |
| Integrated Oil |
$XOI |
1,247.71 |
-31.34 |
-2.45% |
+7.65% |
| Semiconductor |
$SOX |
1,193.36 |
-34.97 |
-2.85% |
+3.31% |
| Networking |
$NWX |
517.86 |
-7.57 |
-1.44% |
+5.97% |
| Broker/Dealer |
$XBD |
258.46 |
-5.06 |
-1.92% |
+8.90% |
| Retail |
$RLX |
2,068.00 |
-53.83 |
-2.54% |
+5.97% |
| Gold & Silver |
$XAU |
68.74 |
+0.36 |
+0.53% |
-2.72% |
| Bank |
$BKX |
96.90 |
-0.64 |
-0.66% |
+12.95% |
| Biotech |
$BTK |
4,783.73 |
-115.59 |
-2.36% |
+13.34% |
|
|
|
 |
Pullback Broke Steak of Gains and Reversed From New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Alarm.com Holdings Inc (ALRM -$0.98 or -1.62% to $59.40) pulled back today with volume +87% above average volume. It was highlighted in yellow with pivot point cited based on its 10/01/18 high plus 10 cents in the earlier mid-day report (read here). During a choppy 16-week consolidation its 200 DMA line acted as support. Friday's gain above the pivot point backed by +124% above average volume triggered a technical buy signal. Disciplined investors always avoid chasing stocks more than +5% above the prior high and always limit losses by selling any stock that falls more than -7% from their purchase price.
Recently it reported Sep '18 quarterly earnings +33% on +24% sales revenues, its 11th consecutive comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong after a downturn in FY '15. Up considerably from its $14 IPO on 6/26/15.
The number of top-rated funds owning its shares rose from 262 in Mar '18 to 332 in Dec '18. Its current Up/Down Volume Ratio of 1.9 is an unbiased sign concerning the I criteria. It has earned a Timeliness Rating of A and a Sponsorship Rating of B. . During a choppy 16-week consolidation its 200 DMA line acted as support.
Charts courtesy of www.stockcharts.com
|
|
|
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***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
MLR
-
NYSE
Miller Industries Inc
AUTOMOTIVE - Auto Parts
|
$29.29
|
-0.33
-1.11% |
$30.00
|
34,734
89.06% of 50 DAV
50 DAV is 39,000
|
$29.95
-2.20%
|
11/30/2018
|
$28.35
|
PP = $29.50
|
|
MB = $30.98
|
Most Recent Note - 1/18/2019 6:13:08 PM
Y - Hit a new high with today's gain backed by +39% above average volume. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal. Its 50 DMA line and recent low define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of Prior High - 1/8/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
BSTC
-
NASDAQ
Biospecifics Technologie
Medical-Biomed/Biotech
|
$63.84
|
-2.67
-4.01% |
$67.48
|
58,285
145.71% of 50 DAV
50 DAV is 40,000
|
$68.00
-6.12%
|
1/18/2019
|
$67.40
|
PP = $66.31
|
|
MB = $69.63
|
Most Recent Note - 1/22/2019 6:12:27 PM
Y - Ended near the session low with a big loss today breaking a streak of 4 consecutive gains. Highlighted in yellow with pivot point cited based on its 11/07/18 high plus 10 cents in the 1/18/19 mid-day report. Thinly traded Biomed/Biotech firm's earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Sep '18. Sales revenues growth showed acceleration, but quarterly totals have been in the $7-8 million range, still rather minuscule in the context of all publicly traded companies. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Thinly Traded Biotech Shows Signs of Accumulation - 1/18/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
UBNT
-
NASDAQ
Ubiquiti Networks
TELECOMMUNICATIONS - Diversified Communication Serv
|
$104.61
|
-0.54
-0.51% |
$105.48
|
233,217
55.13% of 50 DAV
50 DAV is 423,000
|
$115.44
-9.38%
|
11/9/2018
|
$108.20
|
PP = $101.43
|
|
MB = $106.50
|
Most Recent Note - 1/22/2019 6:09:58 PM
G - Faces some resistance due to overhead supply up to the $115 level. Quietly consolidating near its 50 DMA line ($104.75). Prior low ($92.08 on 12/24/18) defines the next important support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Moving Average Again - 1/15/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ALRM
-
NASDAQ
Alarm.com Holdings Inc
Security/Sfty
|
$59.40
|
-0.98
-1.62% |
$61.64
|
963,216
186.67% of 50 DAV
50 DAV is 516,000
|
$60.82
-2.33%
|
1/22/2019
|
$60.52
|
PP = $60.30
|
|
MB = $63.32
|
Most Recent Note - 1/22/2019 12:11:38 PM
Y - Color code is changed to yellow with pivot point cited based on its 10/01/18 high plus 10 cents. During a choppy 16-week consolidation its 200 DMA line acted as support. Friday's gain above the pivot point backed by +124% above average volume triggered a technical buy signal. Reported Sep '18 quarterly earnings +33% on +24% sales revenues, its 11th consecutive comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong after a downturn in FY '15. Up considerably from its $14 IPO on 6/26/15.
>>> FEATURED STOCK ARTICLE : Pullback Broke Steak of Gains and Reversed From New High - 1/22/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PLNT
-
NYSE
Planet Fitness Inc Cl A
Leisure-Services
|
$58.19
|
-0.31
-0.53% |
$59.34
|
1,313,464
98.91% of 50 DAV
50 DAV is 1,328,000
|
$59.52
-2.23%
|
11/7/2018
|
$57.10
|
PP = $55.45
|
|
MB = $58.22
|
Most Recent Note - 1/22/2019 6:07:59 PM
G - Ended near its "max buy" level today, recently holding its ground in a tight range near its all-time high. Its 50 DMA line ($54.57) defines important near-term support to watch above the recent low ($48).
>>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Moving Average Line - 1/4/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
TEAM
-
NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs
|
$91.44
|
+0.77
0.85% |
$92.47
|
2,695,837
163.88% of 50 DAV
50 DAV is 1,645,000
|
$100.00
-8.56%
|
1/7/2019
|
$94.68
|
PP = $98.31
|
|
MB = $103.23
|
Most Recent Note - 1/22/2019 12:28:04 PM
Y - There was a big "negative reversal" and weak close on the prior session after hitting a new high, and heavy volume behind recent losses was action indicative of distributional pressure. Volume and volatility often increase near earnings news. Reported earnings +92% on +39% sales revenues for the Dec '18 quarter. Recently held its ground in a tight range, churning higher volume while perched within close striking distance of its prior high. Color code was changed to yellow with new pivot point cited based on its 10/01/18 high plus 10 cents. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may help to clinch a convincing technical buy signal. Its 50 DMA line ($83.30) and prior low define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Rebounding Near Prior High Which May Act as Resistance - 1/7/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
INVA
-
NASDAQ
Innoviva Inc
Medical-Biomed/Biotech
|
$19.53
|
-0.14
-0.71% |
$19.96
|
1,259,110
113.95% of 50 DAV
50 DAV is 1,105,000
|
$19.82
-1.46%
|
11/23/2018
|
$17.74
|
PP = $18.09
|
|
MB = $18.99
|
Most Recent Note - 1/22/2019 6:06:05 PM
G - Touched a new high but reversed into the red for a loss with higher volume. The prior high ($18.60 on 12/03/18) defines initial support above its 50 DMA line ($17.50). See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Perched at High Following Volume-Driven Gains - 1/17/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
|
|
|
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.
|
|
|
