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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 5TH, 2016
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DOW |
-211.61 |
16,204.97 |
-1.29% |
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Volume |
1,117,934,410 |
-4% |
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Volume |
2,289,267,700 |
+14% |
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NASDAQ |
-146.42 |
4,363.14 |
-3.25% |
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Advancers |
725 |
24% |
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Advancers |
516 |
17% |
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S&P 500 |
-35.40 |
1,880.05 |
-1.85% |
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Decliners |
2,333 |
76% |
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Decliners |
2,571 |
83% |
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Russell 2000 |
-29.17 |
985.62 |
-2.87% |
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52 Wk Highs |
61 |
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52 Wk Highs |
3 |
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S&P 600 |
-14.62 |
605.16 |
-2.36% |
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52 Wk Lows |
169 |
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52 Wk Lows |
205 |
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Bearish Characteristics Increasingly Evident as Indices Slump Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow fell 1.6%, the S&P 500 lost 3.1%, and the Nasdaq declined 5.4%. Stocks retreated on Friday. The Dow was off 211 points to 16204. The S&P 500 lost 35 points to 1880. The NASDAQ was down 146 points at 4363. Volume was reported near the prior session total on the NYSE, but higher on the Nasdaq exchange, indicating an increase in selling pressure from the institutional crowd. Breadth was solidly negative as decliners led advancers by more than a 3-1 margin on the NYSE and by a 5-1 margin on the Nasdaq exchange. Leadership remained thin as 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. The total number of new 52-week lows expanded and easily outnumbered new highs on the NYSE and on the Nasdaq exchange. The Featured Stocks Page includes new noteworthy leaders only as the tone of the market dictates.Charts used courtesy of www.stockcharts.com
 PICTURED: The Dow Jones Industrial Average has been consolidating after making gradual progress from January lows. Patience and strict discipline remain paramount. Any sustained rally requires a healthy crop of leaders (defined as stocks hitting new highs), however, few leaders have bullish chart patterns and the few isolated technical breakouts of late have been quickly negated. Recent action from the major averages (M criteria) was labeled an "uptrend under pressure", however, stocks are threatening a deeper correction with the characteristics of a more serious "Bear Market" environment. The major averages and crude prices were firmly lower after the first-Friday labor report. The U.S. added 151,000 jobs in January versus analyst expectations of a 190,000 increase. The robust 292,000 gain in December was revised down to 262,000. Despite the lower gain, the unemployment rate ticked down to 4.9% from 5%. The labor force participation rate climbed to 62.7% from 62.6% last month. Eight out of ten sectors in the S&P 500 finished lower on the session. Consumer discretionary and Technology shares led the losses while Telecom stocks outperformed. In earnings, LinkedIn (LNKD -43.63%) plummeted after the company gave a weaker than expected forecast due to slower growth in ad revenue. Tyson Foods (TSN +9.91%) rose after easily exceeding Wall Street profit projections and raising forward guidance. Hartford Financial Group (HIG +1.86%) rose as the company’s core earnings beat consensus estimates by 9%. Treasuries moved slightly lower with the benchmark 10-year note down 1/32 to yield 1.84%. In commodities, NYMEX WTI lost 2.4% to $30.97/barrel. COMEX gold climbed 1.4% to $1173.70/ounce. In FOREX, the Dollar Index advanced 0.5% its sharpest two-day decline since 2009. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Tech Indices Losses Followed by Financial and Energy Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX-3.95%) had a negative influence on the major averages on Friday and financial shares were weak again as the Broker/Dealer Index ($XBD -1.58%) and the Bank Index ($BKX-1.27%) both posted losses. The tech sector endured heavier pressure as the Biotechnology Index ($BTK -2.05%), Networking Index ($NWX -3.47%), and the Semiconductor Index ($SOX -3.53%) ended unanimously lower. The Gold & Silver Index ($XAU +5.09%) was a standout gainer, but energy-linked groups were weak again as the Oil Services Index ($OSX -1.35%) and the Integrated Oil Index ($XOI -2.95%) both fell.Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -3.47%) suffered a large loss and fell to new lows on Friday.
| Oil Services |
$OSX |
141.80 |
-2.25 |
-1.56% |
-10.10% |
| Integrated Oil |
$XOI |
956.62 |
-29.05 |
-2.95% |
-10.82% |
| Semiconductor |
$SOX |
586.25 |
-21.47 |
-3.53% |
-11.64% |
| Networking |
$NWX |
320.86 |
-11.53 |
-3.47% |
-14.65% |
| Broker/Dealer |
$XBD |
144.87 |
-2.33 |
-1.58% |
-18.65% |
| Retail |
$RLX |
1,092.96 |
-44.97 |
-3.95% |
-14.84% |
| Gold & Silver |
$XAU |
55.30 |
+2.68 |
+5.09% |
+22.08% |
| Bank |
$BKX |
61.38 |
-0.79 |
-1.27% |
-16.01% |
| Biotech |
$BTK |
2,743.44 |
-57.39 |
-2.05% |
-28.07% |
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When You Get Back In Do It On The Right Foot
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
To receive more details 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,
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