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AFTER MARKET UPDATE - FRIDAY, JANUARY 22ND, 2021
Previous After Market Report Next After Market Report >>>
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DOW |
-179.03 |
30,996.98 |
-0.57% |
|
Volume |
1,045,235,122 |
+17% |
|
Volume |
5,900,153,900 |
-17% |
|
NASDAQ |
+12.15 |
13,543.06 |
+0.09% |
|
Advancers |
1,694 |
54% |
|
Advancers |
2,294 |
61% |
|
S&P 500 |
-9.15 |
3,843.92 |
-0.24% |
|
Decliners |
1,441 |
46% |
|
Decliners |
1,478 |
39% |
|
Russell 2000 |
+27.34 |
2,168.76 |
+1.28% |
|
52 Wk Highs |
163 |
|
|
52 Wk Highs |
261 |
|
|
S&P 600 |
+15.47 |
1,231.70 |
+1.27% |
|
52 Wk Lows |
2 |
|
|
52 Wk Lows |
8 |
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Major Indices Were Mixed and Ended the Week With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow fell 179 points, while the S&P 500 slipped 0.3%. The Nasdaq Composite added 0.1%, pushing to another record high. Despite the mixed session on Wall Street, all three major averages ended the four-day week higher. The Dow rose 0.6%, while the S&P 500 jumped 1.9%. The Nasdaq Composite posted a 4.2% weekly advance as technology and other growth oriented stocks outperformed this week. The volume totals were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Breadth was positive as advancers led decliners by an 8-7 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 52 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, down from the total of 66 on the prior session. New 52-week highs totals contracted yet still easily outnumbered the new 52-week lows totals which were in the single digits on both exchanges for a 3rd consecutive session. The major indices are in a confirmed uptrend (M criteria). Investors are reminded to always make buying and selling decisions based based on the strict criteria and rules of the fact-based investment system. PICTURED: The Dow Jones Industrial Average is hovering near its record high encountering some distributional pressure.
U.S. equities finished mostly lower on Friday, as investors took stock of a robust weekly rally and digested economic data. Eight of 11 S&P 500 sectors ended in negative territory, with Communication Services along with the defensive sectors Real Estate and Utilities bucking the downtrend. The Energy group was a notable laggard, amid a 1.9% drop in WTI crude prices. In earnings, IBM (IBM -9.91%) slumped after revenue fell for a fourth consecutive quarter and the company declined to provide full-year guidance. Intel (INTC -9.29%) fell despite beating on the top and bottom line.
On the data front, a flash reading from research firm Markit showed business activity in the U.S. is expanding at faster pace in January compared to the prior month. Notably, manufacturing PMI climbed to 59.1, above consensus estimates of 56.5 and to an all-time high. Meanwhile, a preliminary composite PMI reading for the Eurozone showed the region’s private sector activity dipped further into contractionary territory this month. A separate domestic update revealed existing home sales in December unexpectedly rose 0.7%, reaching the highest level since 2006. Treasuries advanced, with the yield on the 10-year note declining two basis points to 1.08%. |
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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Biotech and Oil Services Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.68%), Bank Index ($BKX -0.20%), and Retail Index ($RLX -0.28%) each suffered a small loss and dragged the major indices lower. The Biotech Index ($BTK +1.23%) led the tech sector while the Networking Index ($NWX +0.19%) also inched higher, but the Semiconductor Index ($SOX -1.84%) was a clear laggard as it lost ground. The Oil Services Index ($OSX +1.43%) posted a gain while the Integrated Oil Index ($XOI -0.34%) and Gold & Silver Index ($XAU -0.77%) both edged lower.
PICTURED: The Biotech Index ($BTK +1.23%) recently traded above its July 2020 high.
| Oil Services |
$OSX |
49.80 |
+0.70 |
+1.43% |
+12.33% |
| Integrated Oil |
$XOI |
874.93 |
-3.02 |
-0.34% |
+10.40% |
| Semiconductor |
$SOX |
3,074.40 |
-57.77 |
-1.84% |
+9.98% |
| Networking |
$NWX |
754.83 |
+1.46 |
+0.19% |
+5.26% |
| Broker/Dealer |
$XBD |
393.58 |
-2.71 |
-0.68% |
+4.23% |
| Retail |
$RLX |
3,654.44 |
-10.26 |
-0.28% |
+2.56% |
| Gold & Silver |
$XAU |
140.15 |
-1.09 |
-0.77% |
-2.80% |
| Bank |
$BKX |
103.78 |
-0.21 |
-0.20% |
+5.99% |
| Biotech |
$BTK |
6,161.23 |
+74.67 |
+1.23% |
+7.36% |
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50-Day Moving Average and Prior Lows Define Near-Term Support
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Yeti Holdings Inc (YETI -$1.44 or -2.01% to $70.21) is consolidating above its 50-day moving average (DMA) line ($67.53) which defines important support to watch along with prior lows in the $67 area. More damaging losses would raise concerns and trigger technical sell signals.
Earnings rose +126% on +29% sales revenues for the Sep '20 quarter versus the year ago period, its 5th consecutive quarterly earnings increase above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Its limited annual earnings (A criteria) history was previously noted as a concern.
It hails from the Leisure-Products group which currently has a B- (57) Group Relative Strength rating (L criteria). There is a small supply of only 87.1 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 310 in Dec '19 to 542 in Dec '20, a reassuring sign concerning the I criteria. Completed Secondary Offerings on 5/12/20, 2/20/20, 11/08/19 and 5/08/19 after its $18 IPO on 10/25/18.
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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***
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 |
CRL
-
NYSE
Charles River Labs Intl
DRUGS - Biotechnology
|
$280.18
|
-1.06
-0.38% |
$282.09
|
169,367
58.60% of 50 DAV
50 DAV is 289,000
|
$284.60
-1.55%
|
12/17/2020
|
$247.06
|
PP = $257.98
|
|
MB = $270.88
|
Most Recent Note - 1/21/2021 4:03:16 PM
G - Perched above its "max buy" level at its all-time high and its color code is changed to green. Its prior high ($257) defines initial support above its 50 DMA line ($247). Reported Sep '20 quarterly earnings +38% on +11% sales revenues versus the year ago period, above the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Hovering in Tight Range Holding Ground Near High - 1/5/2021 |
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C
A
S
I |
AMD
-
NYSE
Advanced Micro Devices
ELECTRONICS - Semiconductor - Broad Line
|
$92.79
|
+1.26
1.38% |
$95.95
|
71,024,634
166.15% of 50 DAV
50 DAV is 42,748,400
|
$99.23
-6.49%
|
11/18/2020
|
$82.54
|
PP = $88.72
|
|
MB = $93.16
|
Most Recent Note - 1/22/2021 4:55:58 PM
Y - Today's early gain nearly challenged its 52-week high, but it ended near the session low. Rebound above the 50 DMA line ($90.41) helped its outlook improve, however, its Relative Strength rating of 73 is still below the 80+ minimum guideline for buy candidates. Keep in mind it is due to report Dec '20 quarterly results on 1/26/21.
>>> FEATURED STOCK ARTICLE : Distributional Pressure Brings Pullback Below "Max Buy" Level - 1/13/2021 |
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C
A
S
I |
TER
-
NASDAQ
Teradyne Inc
ELECTRONICS - Semiconductor Equipment and Mate
|
$137.95
|
-2.29
-1.63% |
$140.41
|
1,356,782
94.09% of 50 DAV
50 DAV is 1,442,000
|
$143.40
-3.80%
|
10/21/2020
|
$92.22
|
PP = $93.54
|
|
MB = $98.22
|
Most Recent Note - 1/19/2021 5:11:36 PM
G - Hit yet another new all-time high with today's gain backed by above average volume, getting very extended from any sound base. Support to watch on pullbacks is its 50 DMA line ($116.32).
>>> FEATURED STOCK ARTICLE : Perched Near Record High Very Extended From Any Sound Base - 12/30/2020 |
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C
A
S
I |
AMRC
-
NYSE
Ameresco Inc Cl A
ENERGY - Alternative
|
$59.12
|
-0.09
-0.15% |
$59.13
|
235,617
57.05% of 50 DAV
50 DAV is 413,000
|
$63.45
-6.82%
|
12/15/2020
|
$46.72
|
PP = $47.10
|
|
MB = $49.46
|
Most Recent Note - 1/19/2021 12:08:16 PM
G - Very extended from any sound base. Its 50 DMA line ($48.26) and prior highs in the $46-47 area define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Very Extended From Base After Another Powerful Gain - 1/6/2021 |
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C
A
S
I |
TREX
-
NYSE
Trex Company Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$98.16
|
+2.97
3.12% |
$98.52
|
1,057,901
146.32% of 50 DAV
50 DAV is 723,000
|
$97.19
1.00%
|
6/26/2020
|
$54.53
|
PP = $66.47
|
|
MB = $69.79
|
Most Recent Note - 1/22/2021 12:22:27 PM
G - Posting a 4th consecutive small gain today rallying for new all-time highs. Prior highs in the $80-81 area define important support to watch coinciding with its 50 DMA line ($81.21). Sep '20 quarterly earnings were +14% on +19% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Hit New All-Time High With Gain Backed by Average Volume - 1/19/2021 |
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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 |
CLFD
-
NASDAQ
Clearfield Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$33.05
|
+0.75
2.32% |
$34.45
|
234,996
230.39% of 50 DAV
50 DAV is 102,000
|
$34.65
-4.62%
|
1/20/2021
|
$31.38
|
PP = $28.42
|
|
MB = $29.84
|
Most Recent Note - 1/22/2021 4:57:35 PM
G - Today's 4th consecutive volume-driven gain added to an impressive winning streak that includes the 1/20/21 big "breakaway gap" backed by heavy volume. Prior highs in the $28 area define initial support to watch on pullbacks. Found prompt support at its 50 DMA line ($25.28) and upward trendline when consolidating.
>>> FEATURED STOCK ARTICLE : Distributional Pressure While Testing Important Chart Support - 1/4/2021 |
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C
A
S
I |
NOW
-
NYSE
Servicenow Inc
Computer Sftwr-Enterprse
|
$541.09
|
-3.24
-0.60% |
$554.34
|
1,029,069
78.74% of 50 DAV
50 DAV is 1,307,000
|
$566.74
-4.53%
|
8/20/2020
|
$453.34
|
PP = $454.79
|
|
MB = $477.53
|
Most Recent Note - 1/19/2021 5:17:43 PM
G - Today's big gain with lighter volume helped it rebound toward its 50 DMA line ($527). Subsequent gains above that important short term average are needed for its outlook to improve. Due to report Dec '20 quarterly results on 1/27/21. Fundamental concerns were raised when it reported Sep '20 quarterly earnings +22% on +30% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Gain Today and Rebound Above 50-Day Moving Average Line - 1/8/2021 |
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C
A
S
I |
SMPL
-
NASDAQ
Simply Good Foods Co
Food-Confectionery
|
$27.40
|
+0.04
0.15% |
$27.49
|
491,392
36.95% of 50 DAV
50 DAV is 1,330,000
|
$32.03
-14.46%
|
12/28/2020
|
$30.40
|
PP = $31.44
|
|
MB = $33.01
|
Most Recent Note - 1/21/2021 5:02:41 PM
G - Color code is changed to green after its Relative Strength Rating has slumped to 59, well below the 80+ minimum guideline. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Suffered During Stalling Action - 1/21/2021 |
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C
A
S
I |
ALRM
-
NASDAQ
Alarm.com Holdings Inc
Security/Sfty
|
$97.00
|
+1.41
1.48% |
$97.49
|
415,647
88.81% of 50 DAV
50 DAV is 468,000
|
$108.67
-10.74%
|
11/6/2020
|
$71.88
|
PP = $74.76
|
|
MB = $78.50
|
Most Recent Note - 1/22/2021 4:54:12 PM
G - Posted a small gain today with lighter volume. Encountered distributional pressure after a big rally. Its 50 DMA line ($87) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Big Rally - 1/20/2021 |
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C
A
S
I |
TEAM
-
NASDAQ
Atlassian Corp Plc
Comp Sftwr-Spec Enterprs
|
$235.45
|
+1.27
0.54% |
$236.73
|
1,051,969
67.22% of 50 DAV
50 DAV is 1,564,900
|
$250.03
-5.83%
|
10/12/2020
|
$193.77
|
PP = $199.60
|
|
MB = $209.58
|
Most Recent Note - 1/19/2021 5:10:36 PM
G - Found support today while consolidating above its 50 DMA line ($222) and above the prior high in the $216 area which defines important near-term support to watch. However, its current Relative Strength Rating is 64, below the +80 minimum guideline for buy candidates. Earnings rose +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Remains Below 80+ Minimum Guideline - 1/11/2021 |
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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 |
SHOP
-
NYSE
Shopify Inc Cl A
Computer Sftwr-Enterprse
|
$1,196.70
|
-1.45
-0.12% |
$1,201.61
|
619,183
44.48% of 50 DAV
50 DAV is 1,392,000
|
$1,285.19
-6.89%
|
12/16/2020
|
$1,146.00
|
PP = $1,147.01
|
|
MB = $1,204.36
|
Most Recent Note - 1/19/2021 5:07:19 PM
Y - Volume totals have still been cooling while consolidating perched near its all-time high. Found prompt support near prior highs in the $1,146-1,130 area and above its 50 DMA line ($1,079) which defines the next important support to watch.
>>> FEATURED STOCK ARTICLE : Rebounded After Undercutting Prior Highs - 1/7/2021 |
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C
A
S
I |
YETI
-
NYSE
Yeti Holdings Inc
Leisure-Products
|
$70.21
|
-1.44
-2.01% |
$71.99
|
868,773
58.07% of 50 DAV
50 DAV is 1,496,000
|
$80.89
-13.20%
|
11/5/2020
|
$57.25
|
PP = $55.14
|
|
MB = $57.90
|
Most Recent Note - 1/22/2021 4:51:10 PM
G - Consolidating above the prior low ($67) and its 50 DMA line ($67.53) which coincide defining important near-term support to watch. Gapped down for 2 consecutive sessions following a "negative reversal" noted at its all-time high. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average and Prior Lows Define Near-Term Support - 1/22/2021 |
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C
A
S
I |
DOCU
-
NASDAQ
Docusign Inc
Computer Sftwr-Enterprse
|
$255.15
|
+1.21
0.48% |
$257.13
|
1,468,531
38.24% of 50 DAV
50 DAV is 3,840,000
|
$290.23
-12.09%
|
1/12/2021
|
$253.50
|
PP = $256.10
|
|
MB = $268.91
|
Most Recent Note - 1/19/2021 5:13:43 PM
Y - Posted a gain today with higher (but still below average) volume. Finished strong on 1/12/21 after highlighted in yellow with pivot point cited based on its 12/04/20 high plus 10 cents. The big gain and strong close above the pivot point backed by twice average volume clinched a technical buy signal. Recently found support near its 50 DMA line ($230). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Twice Average Volume Behind Breakout Gain - 1/12/2021 |
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C
A
S
I |
AAXN
-
NASDAQ
Axon Enterprise Inc
Security/Sfty
|
$170.26
|
+7.72
4.75% |
$171.73
|
653,478
106.95% of 50 DAV
50 DAV is 611,000
|
$168.48
1.06%
|
12/22/2020
|
$127.84
|
PP = $130.51
|
|
MB = $137.04
|
Most Recent Note - 1/22/2021 4:52:50 PM
G - Very extended from any sound base, it hit yet another new all-time high with today's big gain. Prior high ($134) defines initial support to watch. Found prompt support near its 50 DMA line ($129) during the recent consolidation. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hit New Highs With Streak of Big Volume-Driven Gains - 1/15/2021 |
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C
A
S
I |
QTWO
-
NYSE
Q2 Holdings Inc
Computer Sftwr-Financial
|
$139.69
|
+3.13
2.29% |
$139.81
|
408,051
86.45% of 50 DAV
50 DAV is 472,000
|
$136.91
2.03%
|
11/12/2020
|
$105.14
|
PP = $106.54
|
|
MB = $111.87
|
Most Recent Note - 1/19/2021 5:19:05 PM
G - Posted a gain today on average volume for a new all-time high. Its 50 DMA line ($118) defines important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Extended From Prior Base - 12/31/2020 |
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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 |
|
|
|
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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only to active Paid Premium Members.
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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.
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