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 25TH, 2022
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
-66.77 |
34,297.73 |
-0.19% |
|
Volume |
1,153,952,947 |
-23% |
|
Volume |
4,912,131,700 |
-30% |
|
NASDAQ |
-315.83 |
13,539.29 |
-2.28% |
|
Advancers |
1,348 |
42% |
|
Advancers |
1,879 |
43% |
|
S&P 500 |
-53.68 |
4,356.45 |
-1.22% |
|
Decliners |
1,870 |
58% |
|
Decliners |
2,514 |
57% |
|
Russell 2000 |
-29.48 |
2,004.03 |
-1.45% |
|
52 Wk Highs |
18 |
|
|
52 Wk Highs |
25 |
|
|
S&P 600 |
-14.63 |
1,296.67 |
-1.12% |
|
52 Wk Lows |
159 |
|
|
52 Wk Lows |
281 |
|
|
Damaging losses for the major averages recently signaled a market correction (M criteria). Greater caution is advised until strength returns. Disciplined investors know to avoid new buying efforts and to raise cash by selling faltering stocks on a case-by-case basis.
|
 |
Major Averages Fell With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow fell 66 points, largely recovering from a more than 800-point slump for the second straight session. The S&P 500 shed 1.2% to a three-month low, but pared an earlier loss that had once again briefly pushed the index into correction territory (defined as a 10% decline from a recent peak). Volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 3-2 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 4 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page. New 52-week lows totals contracted yet easily outnumbered new 52-week highs again on the NYSE and on the Nasdaq exchange. The market averages (M criteria) have seen damaging losses noted that signaled a more serious market correction. Greater caution is suggested until noted strength returns. PICTURED: The Nasdaq Composite Index sank on lighter volume after a "positive reversal" on Monday with higher volume, its sharpest reversal since 2008. It slumped 2.3%, trimming an early session drop of over 3%, but still closing more than 15.6% below its November 19 record high.
U.S. stocks finished lower on Tuesday in another volatile session as investors grappled with uncertainty related to monetary policy tightening, the economic growth outlook, and escalating geopolitical tensions. The broad benchmark S&P 500 Index is positioned for its worst monthly performance since March 2020 (-8.6% month-to-date). Nine of 11 S&P 500 sectors closed in negative territory, with growth-related groups leading decliners. Energy shares bucked the downtrend as worries over supply disruptions propelled West Texas Intermediate crude 2.4% higher to $85.31/barrel.
Financials also outperformed, with American Express Co. (AXP +8.92%) rose as record card spending fueled strong results. In other earnings, International Business Machines Corp. (IBM +5.65%) after the Tech stalwart notched its strongest revenue growth in a decade. Meanwhile, General Electric Co. (GE -5.98%) slumped as ongoing supply chain issues pressured its quarterly figures. Elsewhere, Johnson & Johnson (JNJ +2.86%) rose following stronger-than-expected full-year guidance.
Treasuries ended little changed, with the yield on the 10-year note up one basis point (0.01%) to 1.78%. On the data front, the Conference Board’s gauge of consumer confidence eased in January. |
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. |
|
 |
Energy-Linked Groups Posted Standout Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Oil Services Index ($OSX +5.43%) and Integrated Oil Index ($XOI +4.02%) both posted standout gains while the Gold & Silver Index ($XAU +1.14%) also rose. The Retail Index ($RLX -2.45%) slumped and the Broker/Dealer Index ($XBD -0.56%) edged lower, meanwhile the Bank Index ($BKX +0.49%) edged higher. The tech sector saw unanimous losses from the Semiconductor Index ($SOX -3.71%), Networking Index ($NWX -2.13%), and Biotech Index ($BTK -1.59%).
PICTURED: The Biotech Index ($BTK -1.59%) is in weak shape after steadily slumping well below its 50 and 200 DMA lines.
| Oil Services |
$OSX |
65.32 |
+3.37 |
+5.43% |
+23.89% |
| Integrated Oil |
$XOI |
1,377.29 |
+53.24 |
+4.02% |
+16.90% |
| Semiconductor |
$SOX |
3,350.85 |
-129.10 |
-3.71% |
-15.09% |
| Networking |
$NWX |
852.14 |
-18.55 |
-2.13% |
-12.25% |
| Broker/Dealer |
$XBD |
460.20 |
-2.60 |
-0.56% |
-5.48% |
| Retail |
$RLX |
3,632.84 |
-91.14 |
-2.45% |
-14.05% |
| Gold & Silver |
$XAU |
129.86 |
+1.46 |
+1.14% |
-1.95% |
| Bank |
$BKX |
134.29 |
+0.66 |
+0.49% |
+1.56% |
| Biotech |
$BTK |
4,921.97 |
-79.55 |
-1.59% |
-10.81% |
|
|
|
 |
Violated 200-Day Moving Average Line Following Earnings News
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
United Microelectronics Inc's Adr (UMC -$0.78 or -7.15% to $10.13) color code was changed to green after today's big volume-driven loss violated its 200-day moving average (DMA) line triggering a worrisome technical sell signal. The weak action came after it reported Dec '21 quarterly earnings +44% on +32% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. A prompt rebound above the 200 DMA and subsequent gains above the 50 DMA line ($11.43) are needed for its outlook to improve.
UMC was last shown in this FSU section on 1/04/22 with an annotated graph under the headline "Testing Support and Perched Not Far From Prior Highs". It has a 96 Earnings Per Share (EPS) rating. For the Sep '21 quarter earnings rose +100% on +30% sales revenues versus the year ago period, continuing its strong earnings track record. Recent quarters showed solid earnings and improved sales revenues increases satisfying the C criteria. Annual earnings (A criteria) growth has been strong after a noted downturn in FY '18.
The high-ranked ELECTRONICS - Semiconductor - Integrated Circuits firm saw the number of top rated funds owning its shares rise from 65 in Sep '20 to 94 in Dec '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days.
|
|
|
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***
|
|
|
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.
|
|
|
