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 - WEDNESDAY, JANUARY 22ND, 2020
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
-9.77 |
29,186.27 |
-0.03% |
|
Volume |
864,044,370 |
-17% |
|
Volume |
2,437,335,720 |
-9% |
|
NASDAQ |
+12.96 |
9,383.77 |
+0.14% |
|
Advancers |
1,424 |
50% |
|
Advancers |
1,566 |
50% |
|
S&P 500 |
+0.96 |
3,321.75 |
+0.03% |
|
Decliners |
1,431 |
50% |
|
Decliners |
1,593 |
50% |
|
Russell 2000 |
-1.44 |
1,684.46 |
-0.09% |
|
52 Wk Highs |
309 |
|
|
52 Wk Highs |
272 |
|
|
S&P 600 |
-0.20 |
1,029.52 |
-0.02% |
|
52 Wk Lows |
29 |
|
|
52 Wk Lows |
39 |
|
|
 |
Leadership Improved but Major Indices Pared Early Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow jumped more than 120 points, but pared the gains to end the session down 9 points. The S&P 500 finished just above the flat line, while the Nasdaq Composite advanced 0.1%, notching fresh all-time intra-day highs earlier in the session. Decliners led advancers by a very narrow margin on the NYSE and on the Nasdaq exchange. The reported volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. There were 113 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 85 on the prior session. New 52-week highs totals expanded and easily outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices (M criteria) are in a "confirmed uptrend" after enduring distributional pressure in recent weeks. 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 remains perched near its record high
Stocks were little changed Wednesday, as investors digested corporate earnings results and kept tabs on the developing coronavirus outbreak in China. Risk sentiment seemed to improve this morning after Beijing announced plans for a nationwide screening process.
Six of 11 S&P 500 sectors ended in positive territory. Technology shares paced the gains with International Business Machines (IBM +3.39%) up after delivering a surprise gain in revenue. The group also received a tailwind after France agreed to postpone a digital tax through 2020 in exchange of suspensions of U.S. duties on French goods. In other earnings, Netflix (NFLX -3.58%) fell despite reporting stronger-than-expected global subscriber growth. United Airlines (UAL -2.89%) fell after a slight top and bottom line beat. Elsewhere, Tesla Inc (TSLA +4.09%) rose, closing above $100 billion in market cap for the first time. The Energy group lagged, with WTI crude sliding 2.9% to $56.70/barrel after the International Energy Agency projected a surplus of market supply.
Treasuries modestly strengthen, with the yield on the 10-year note down one basis point to 1.76%. On the data front, existing home sales advanced 3.6% in December, the fastest rate in nearly two years. Another report from the FHFA showed U.S. house prices rose 0.2% in November. Separately, the Chicago Fed National Activity Index showed a slump in economic activity last month. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Semiconductor Index and Bank Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.19%), Broker/Dealer Index ($XBD -0.05%), and the Retail Index ($RLX -0.12%) each ended slightly in the red. The Semiconductor Index ($SOX +0.80%) led the tech sector while the Networking Index ($NWX +0.02%) and the Biotech Index ($BTK -0.07%) both finished flat. Energy-linked groups had a negative bias as the Oil Services Index ($OSX -1.47%) and Integrated Oil Index ($XOI -1.00%) both fell. The Gold & Silver Index ($XAU -014%) finished slightly lower.
PICTURED: The Oil Services Index ($OSX -1.47%) has slumped back below its 50-day and 200-day moving average lines.
| Oil Services |
$OSX |
71.68 |
-1.07 |
-1.47% |
-8.44% |
| Integrated Oil |
$XOI |
1,219.66 |
-12.26 |
-1.00% |
-4.01% |
| Semiconductor |
$SOX |
1,930.23 |
+15.23 |
+0.80% |
+4.36% |
| Networking |
$NWX |
589.71 |
+0.15 |
+0.02% |
+1.08% |
| Broker/Dealer |
$XBD |
301.90 |
-0.14 |
-0.05% |
+3.97% |
| Retail |
$RLX |
2,485.57 |
-3.07 |
-0.12% |
+1.48% |
| Gold & Silver |
$XAU |
103.15 |
-0.14 |
-0.14% |
-3.53% |
| Bank |
$BKX |
109.91 |
+0.20 |
+0.18% |
-3.04% |
| Biotech |
$BTK |
5,111.34 |
-3.47 |
-0.07% |
+0.87% |
|
|
|
 |
Perched Near High With Best-Ever Close After Volume-Driven Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stoneco Ltd Cl A (STNE ) was highlighted in yellow with pivot point cited based on its 4/02/19 high plus 10 cents in the earlier mid-day report (read here). It faces little remaining resistance due to overhead supply. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal.
This Brazil-based Finance - Credit Card/Payment Processing company reported earnings +70% on +55% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were strong. It has an 84 Earnings Per Share rating.
STNE completed a Secondary Offering on 4/03/18 and went through a deep consolidation Completed its $24 IPO on 10/25/18. The number of top-rated funds owning its shares rose from 175 in Mar '19 to 237 in Dec '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of A.
|
|
|
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 |
FTNT
-
NASDAQ
Fortinet Inc
Computer Sftwr-Security
|
$117.82
|
+0.18
0.15% |
$120.44
|
991,475
83.46% of 50 DAV
50 DAV is 1,188,000
|
$119.50
-1.41%
|
12/9/2019
|
$103.85
|
PP = $106.10
|
|
MB = $111.41
|
Most Recent Note - 1/21/2020 4:21:43 PM
G - Holding its ground stubbornly after wedging higher with gains lacking great volume conviction. Very extended from any sound base. Its 50 DMA line ($106.84) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 1/14/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
SPSC
-
NASDAQ
S P S Commerce Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$58.50
|
+1.46
2.56% |
$58.87
|
265,305
152.47% of 50 DAV
50 DAV is 174,000
|
$59.14
-1.08%
|
11/29/2019
|
$56.59
|
PP = $59.24
|
|
MB = $62.20
|
Most Recent Note - 1/22/2020 5:38:58 PM
Y - Posted a solid volume-driven gain today for its second-best ever close. Perched near its all-time high with no resistance remaining. Subsequent gains above its pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. Fundamentals remain strong. Its Relative Strength Rating of 85 is above the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Still Lingering Below Prior Resistance - 1/13/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
AUDC
-
NASDAQ
Audiocodes Ltd
ELECTRONICS - Scientific and Technical Instrum
|
$28.49
|
+0.37
1.32% |
$28.73
|
205,549
79.06% of 50 DAV
50 DAV is 260,000
|
$28.58
-0.31%
|
9/13/2019
|
$19.68
|
PP = $19.84
|
|
MB = $20.83
|
Most Recent Note - 1/22/2020 5:35:12 PM
G - Hit yet another new all-time high with below average volume behind today's gain. Very extended from the previously noted base. Its 50 DMA line ($24.69) defines support above with prior highs in the $22 area. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Large Loss With Higher Volume Indicates Distributional Pressure - 1/6/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CHDN
-
NASDAQ
Churchill Downs Inc
LEISURE - Gaming Activities
|
$142.23
|
-1.04
-0.73% |
$145.60
|
147,468
64.96% of 50 DAV
50 DAV is 227,000
|
$145.73
-2.40%
|
10/8/2019
|
$129.77
|
PP = $132.83
|
|
MB = $139.47
|
Most Recent Note - 1/21/2020 5:09:25 PM
G - Reversed into the red after hitting another new 52-week high today following 5 consecutive gains with light volume. Its 50 DMA line ($133) defines near-term support above the prior low ($132.55 on 1/03/19) The Jun and Sep '19 quarterly earnings versus the year ago periods were both below the +25% minimum guideline (C criteria) and raised fundamental concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Reversal From High Following 5 Gains With Light Volume - 1/21/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
LULU
-
NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing
|
$244.30
|
+1.78
0.73% |
$246.02
|
1,198,238
59.85% of 50 DAV
50 DAV is 2,002,000
|
$247.51
-1.30%
|
9/6/2019
|
$201.25
|
PP = $194.35
|
|
MB = $204.07
|
Most Recent Note - 1/17/2020 6:15:39 PM
G - Stubbornly holding its ground perched near its all-time high with volume totals cooling. Extended from any sound base. Its 50 DMA line ($226) and prior low ($218.18 on 12/12/19) define important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High After Gains Lacking Great Volume - 1/9/2020 |
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 |
CPRT
-
NASDAQ
Copart Inc
SPECIALTY RETAIL - Auto Dealerships
|
$99.64
|
+1.04
1.05% |
$100.35
|
1,456,401
77.84% of 50 DAV
50 DAV is 1,871,000
|
$99.04
0.61%
|
1/2/2020
|
$92.80
|
PP = $92.51
|
|
MB = $97.14
|
Most Recent Note - 1/17/2020 12:12:54 PM
Y - Perched at its all-time high and near its "max buy" level after 7 consecutive gains marked by below average volume. Its 50 DMA line ($89.53) defines near-term support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Perched at All-Time HIgh Following Recent Volume-Driven Gain - 1/7/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NMIH
-
NASDAQ
N M I Holdings Inc Cl A
Finance-MrtgandRel Svc
|
$33.29
|
+0.23
0.70% |
$33.48
|
506,388
93.43% of 50 DAV
50 DAV is 542,000
|
$35.79
-6.99%
|
11/8/2019
|
$32.89
|
PP = $31.44
|
|
MB = $33.01
|
Most Recent Note - 1/21/2020 4:24:09 PM
G - Endured distributional pressure today with a loss on higher volume after a quiet rebound above the 50 DMA line ($33.19). Prior highs in the $30-31 area define the next important near-term support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Outlook Hurt by Slump Below 50-Day Moving Average - 1/10/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
SPLK
-
NASDAQ
Splunk Inc
Computer Sftwr-Database
|
$156.53
|
-0.57
-0.36% |
$159.24
|
1,073,201
52.97% of 50 DAV
50 DAV is 2,026,000
|
$161.49
-3.07%
|
11/25/2019
|
$147.79
|
PP = $142.16
|
|
MB = $149.27
|
Most Recent Note - 1/22/2020 5:37:21 PM
G - Holding its ground stubbornly near its all-time high following recent gains backed by below average volume, extended from the previously noted base. Its 50 DMA line ($145) and prior highs in the $142-143 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : New High Hit With Another Gain on Near Average Volume - 1/8/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$303.28
|
+3.50
1.17% |
$306.37
|
453,994
89.90% of 50 DAV
50 DAV is 505,000
|
$301.21
0.69%
|
11/20/2019
|
$252.97
|
PP = $259.81
|
|
MB = $272.80
|
Most Recent Note - 1/17/2020 6:17:40 PM
G - Managed a best-ever close with today's 3rd consecutive gain backed by light volume. Very extended from any sound base. Its 50 DMA line ($262) defines important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Perched Near High and Near the Max Buy Level - 1/3/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
BLD
-
NYSE
Topbuild Corp
Bldg-Constr Prds/Misc
|
$114.18
|
+0.27
0.24% |
$115.23
|
336,446
124.61% of 50 DAV
50 DAV is 270,000
|
$113.98
0.18%
|
12/9/2019
|
$109.71
|
PP = $113.84
|
|
MB = $119.53
|
Most Recent Note - 1/17/2020 6:12:54 PM
Y - Challenged its 52-week high with today's 5th consecutive gain. Recent rebound above its 50 DMA line ($106.92) helped its outlook to improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Fifth Consecutive Gain Leaves TopBuild Near 52-Week High - 1/17/2020 |
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 |
GLOB
-
NYSE
Globant SA
Computer-Tech Services
|
$120.60
|
+3.86
3.31% |
$120.93
|
335,939
123.05% of 50 DAV
50 DAV is 273,000
|
$120.64
-0.03%
|
11/14/2019
|
$106.87
|
PP = $112.43
|
|
MB = $118.05
|
Most Recent Note - 1/21/2020 4:26:58 PM
Y - Ended near the session low after a "negative reversal" following a streak of 5 quiet gains for new highs. Gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Its 50 DMA line ($105.63) defines important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Gain for New High Today Backed by Only +12% Above Average Volume - 1/15/2020 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
STNE
-
NASDAQ
Stoneco Ltd Cl A
Finance-CrdtCard/PmtPr
|
$44.64
|
+2.39
5.66% |
$45.04
|
3,887,518
203.22% of 50 DAV
50 DAV is 1,913,000
|
$45.62
-2.15%
|
1/22/2020
|
$43.94
|
PP = $45.72
|
|
MB = $48.01
|
Most Recent Note - 1/22/2020 5:33:49 PM
Y - Finished strong after highlighted in yellow with pivot point cited based on its 4/02/19 high plus 10 cents in the earlier mid-day report. Faces little remaining resistance due to overhead supply up to the $45 level. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. This Brazilian company reported earnings +70% on +55% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were strong. Completed a Secondary Offering on 4/03/18 and went through a deep consolidation Completed its $24 IPO on 10/25/18. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near High With Best-Ever Close After Volume-Driven Gain - 1/22/2020 |
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.
|
|
|
