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AFTER MARKET UPDATE - TUESDAY, JANUARY 26TH, 2016
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DOW |
+282.01 |
16,167.23 |
+1.78% |
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Volume |
1,016,398,230 |
-1% |
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Volume |
1,794,737,960 |
+1% |
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NASDAQ |
+49.18 |
4,567.67 |
+1.09% |
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Advancers |
2,602 |
84% |
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Advancers |
2,110 |
72% |
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S&P 500 |
+26.55 |
1,903.63 |
+1.41% |
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Decliners |
504 |
16% |
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Decliners |
811 |
28% |
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Russell 2000 |
+20.60 |
1,017.97 |
+2.07% |
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52 Wk Highs |
19 |
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52 Wk Highs |
6 |
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S&P 600 |
+14.67 |
617.76 |
+2.43% |
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52 Wk Lows |
72 |
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52 Wk Lows |
72 |
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Indices Rose With Big Bounce in Commodity-Linked Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished firmly higher on Tuesday. The Dow was up 282 points to 16167. The S&P 500 added 26 points to 1903. The NASDAQ climbed 49 points to 4567. Volume totals were mixed, slightly lighter than the prior session total on the NYSE and slightly higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 5-1 margin on the NYSE and by nearly a 3-1 margin on the Nasdaq exchange. There were 4 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 5 on the prior session. 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 Dow Jones Industrial Average recently has been sputtering near August 2015 lows after volume-driven losses. At the intra-day low last Wednesday the Blue Chip index traded -15.8% off its record high hit in May 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 bounced back in sympathy with higher oil prices and positive earnings reports. On the data front, home prices grew 5.8% year-over-year in November versus a projected 5.7% increase. Consumer confidence rose to a three-month high of 98.1 for January from 96.3 in December. Finally, Markit Services PMI fell to 53.7, slightly below consensus projections of 54.0. In earnings, Sprint (S +18.65%) surged after reporting a smaller-than-expected quarterly loss. Johnson and Johnson (JNJ +4.96%) and Procter and Gamble (PG +2.55%) rose after each company beat Wall Street earnings estimates. DuPont (DD +0.89%) despite missing consensus revenue expectations. Ahead of its report after Tuesday’s close, Apple (AAPL +0.55%) edged higher. In M&A news, FirstMerit (FMER +18.4%) rose after agreeing to be acquired by Huntington Bancshares (HBAN -8.52%) for $3.4 billion. All ten sectors in the S&P 500 finished higher with energy and telecom shares leading the way. Treasuries were little changed with the 10-year note trading flat to yield 2.00%. In commodities, NYMEX WTI advanced 3.1% to $31.29/barrel. COMEX gold was up 1.5% to $1121.80/ounce. In FOREX, the dollar slipped against commodity producing nations. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity, Financial and Retail Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX+2.17%) and the Broker/Dealer Index ($XBD +1.67%) both rose and the Retail Index ($RLX+1.04%) also was higher on Tuesday. The Biotechnology Index ($BTK -0.98%) created a drag on the tech sector while the Networking Index ($NWX +1.81%) and the Semiconductor Index ($SOX +1.03%) both rose. Commodity-linked groups were up, with the Oil Services Index ($OSX +2.89%) and Integrated Oil Index ($XOI +3.75%) both tallying solid gains, and the Gold & Silver Index ($XAU +5.58%) was a standout gainer.Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX+1.04%) recently slumped below its 200-day moving average (DMA) line raising concerns.
| Oil Services |
$OSX |
135.68 |
+3.82 |
+2.90% |
-13.98% |
| Integrated Oil |
$XOI |
955.36 |
+34.52 |
+3.75% |
-10.94% |
| Semiconductor |
$SOX |
595.86 |
+6.05 |
+1.03% |
-10.19% |
| Networking |
$NWX |
343.56 |
+6.11 |
+1.81% |
-8.61% |
| Broker/Dealer |
$XBD |
149.96 |
+2.47 |
+1.67% |
-15.80% |
| Retail |
$RLX |
1,187.80 |
+12.25 |
+1.04% |
-7.45% |
| Gold & Silver |
$XAU |
44.44 |
+2.35 |
+5.58% |
-1.90% |
| Bank |
$BKX |
61.41 |
+1.31 |
+2.18% |
-15.97% |
| Biotech |
$BTK |
3,116.26 |
-30.92 |
-0.98% |
-18.29% |
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Rebounded Near 50-Day Moving Average Following 200 DMA Test
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Luxoft Holding Inc Cl A (LXFT -$1.32 or -1.80% to $72.05) is consolidating ove its 50 DMA line ($74.94) is needed for its outlook to improve, and it faces resistance due to overhead supply up through the $80 level. Found support at its 200 DMA line. LXFT was last shown in this FSU section on 12/31/15 with an annotated graph under the headline, "Still Consolidating Above 50-Day Moving Average Line". It was first highlighted in yellow in the 5/26/15 mid-day report (read here).
Continuing its strong earning track record, it reported Sep '15 earnings +45% on +29% sales revenues and raised guidance. Earnings +36% on +32% sales revenues for the Jun '15 quarter, so it has a strong quarterly and annual earnings history (C and A criteria) matching the guidelines of the fact-based investment system. Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods.
The number of top-rated funds owning its shares rose from 185 in Jun '14 to 330 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. It has earned a Timeliness Rating of A and a Sponsorship Rating of D. Its small supply of only 30.6 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. |
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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