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AFTER MARKET UPDATE - MONDAY, JANUARY 25TH, 2016
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DOW |
-208.29 |
15,885.22 |
-1.29% |
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Volume |
1,024,695,670 |
-12% |
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Volume |
1,778,738,810 |
-11% |
NASDAQ |
-72.69 |
4,518.49 |
-1.58% |
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Advancers |
468 |
15% |
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Advancers |
724 |
24% |
S&P 500 |
-29.82 |
1,877.08 |
-1.56% |
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Decliners |
2,641 |
85% |
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Decliners |
2,266 |
76% |
Russell 2000 |
-23.29 |
997.37 |
-2.28% |
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52 Wk Highs |
17 |
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52 Wk Highs |
10 |
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S&P 600 |
-11.88 |
603.09 |
-1.93% |
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52 Wk Lows |
98 |
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52 Wk Lows |
117 |
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Breadth Negative as Indices Fall With Less Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Monday. The Dow was off 208 points to 15885. The S&P 500 lost 29 points to 1877. The NASDAQ was down 72 points at 4518. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of less pressure from the institutional crowd. Breadth was negative as decliners led advancers more than a 5-1 margin on the NYSE and by a 3-1 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, matching the prior session total. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The Featured Stocks Page was trimmed considerably as weakness weighed on prior leaders and the broader market. Charts used courtesy of www.stockcharts.com
PICTURED: The Nasdaq Composite Index's recent gains lacked volume conviction while sputtering near prior lows after volume-driven losses. At the intra-day low last Wednesday the tech-heavy index traded -17.5% off its record high hit in July 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 retreated as oil prices resumed their descent. Crude losses were extended as Saudi Arabian Oil Company announced that it would not cut investment and could sustain low oil prices for a “long, long time.” On the data front, a gauge of manufacturing in the Dallas Fed region showed a larger-than-expected decline. In M&A news, Tyco (TYC +11.64%) rose on news that the company will merge with Johnson Controls (JCI -3.90%). In earnings, McDonald’s (MCD +0.68%) after fourth-quarter earnings climbed more than expected. D.R. Horton (DHI -4.73%) fell after revenue came in below Wall Street consensus. Halliburton (HAL -3.01%) fell after posting a quarterly loss. All ten sectors in the S&P 500 finished in the red on Monday. Energy shares tumbled more than 4% to lead the decline along with materials and financial stocks. Treasuries snapped a two-session losing streak with the benchmark 10-year note advancing 11/32 to yield 2.01%. In commodities, NYMEX WTI lost 7.2% to $29.87/barrel and is now roughly 16% lower in 2016. COMEX gold gained 1.1% to $1108.40/ounce. In FOREX, the dollar depreciated against the yen and euro. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial and Energy Groups Dive; Gold & Silver Index a Standout Gainer
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +2.85%) was a standout gainer on Monday. The Broker/Dealer Index ($XBD -2.58%) and Bank Index ($BKX-3.46%) both suffered big losses and had a negative influence on the major averages. The Retail Index ($RLX-0.74%) was down less abruptly. The Biotechnology Index ($BTK -1.80%), Semiconductor Index ($SOX -1.44%), and the Networking Index ($NWX -1.11%) ended unanimously lower. The Oil Services Index ($OSX -5.31%) and the Integrated Oil Index ($XOI -4.86%) were big decliners once again.Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX-3.46%) suffered a big loss on Monday undercutting prior lows. Members were recently reminded - Weak action from financial shares hurts the broader market outlook because the major indices have been prone to there most severe downdrafts when financial stocks are weak. Financials have a history of being reliable "leading indicators".
Oil Services |
$OSX |
131.86 |
-7.40 |
-5.31% |
-16.40% |
Integrated Oil |
$XOI |
920.84 |
-47.08 |
-4.86% |
-14.16% |
Semiconductor |
$SOX |
589.81 |
-8.61 |
-1.44% |
-11.10% |
Networking |
$NWX |
337.44 |
-3.78 |
-1.11% |
-10.24% |
Broker/Dealer |
$XBD |
147.49 |
-3.90 |
-2.58% |
-17.18% |
Retail |
$RLX |
1,175.55 |
-8.74 |
-0.74% |
-8.41% |
Gold & Silver |
$XAU |
42.09 |
+1.17 |
+2.86% |
-7.09% |
Bank |
$BKX |
60.10 |
-2.16 |
-3.47% |
-17.76% |
Biotech |
$BTK |
3,147.19 |
-57.61 |
-1.80% |
-17.48% |
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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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