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AFTER MARKET UPDATE - THURSDAY, FEBRUARY 18TH, 2016
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DOW |
-40.40 |
16,413.43 |
-0.25% |
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Volume |
1,053,794,660 |
-11% |
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Volume |
1,762,655,770 |
-16% |
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NASDAQ |
-46.52 |
4,487.54 |
-1.03% |
|
Advancers |
1,562 |
51% |
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Advancers |
1,129 |
39% |
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S&P 500 |
-8.99 |
1,917.83 |
-0.47% |
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Decliners |
1,480 |
49% |
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Decliners |
1,796 |
61% |
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Russell 2000 |
-6.43 |
1,004.71 |
-0.64% |
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52 Wk Highs |
36 |
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52 Wk Highs |
20 |
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S&P 600 |
-1.21 |
617.71 |
-0.20% |
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52 Wk Lows |
28 |
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52 Wk Lows |
49 |
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Major Averages Pause After 3-Day Bounce Off Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Thursday. The Dow was down 40 points to 16413. The S&P 500 was off 9 points to 1917. The NASDAQ fell 46 points at 4487. Volume was reported lighter on the NYSE and on the Nasdaq exchange, a reassuring sign that selling was not coming in heavily from large institutional investors. Advancers narrowly led decliners on the NYSE but decliners led advancers by 3-2 on the Nasdaq exchange. There were 14 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from a total of 10 on the prior session. The total number of new 52-week highs outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. The Featured Stocks Page includes new noteworthy leaders only as the tone of the market dictates.
PICTURED: The S&P 400 Mid-Cap Index faces near-term resistance at its 50-day moving average (DMA) line and prior lows.
Improved action from the major averages (M criteria) on Wednesday signaled a new follow through day and confirmed rally, an encouraging sign that a deeper correction and more serious "Bear Market" may be avoided. Members have been repeatedly reminded - "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." The major averages retreated modestly while Treasuries and gold rebounded.
The loss snapped three-straight sessions of at least a 1% gain for the S&P
500. On the data front, initial jobless claims came in at 262,000 last week,
below the 275,000 predicted by analysts. In a separate release, a gauge of
leading indicators decreased by 0.2% in January, which was in line with
expectations.
Eight out of ten sectors in the S&P 500 finished lower on Thursday.
Energy and Financials lagged while the Utilities and Telecom sectors
outperformed. In earnings, Wal-Mart (WMT -3.01%) fell after the company
trimmed its forward guidance for a second-straight quarter. Perrigo (PRGO -10.17%) and Jack in the Box (JACK -16.16%) fell as each company missed
earnings expectations and put forth lower-than-expected 2016 profit forecasts.
Over in tech, International Business Machines Corp (IBM +5.1%) rose after receiving an analyst upgrade.
Treasuries rebounded sharply with the benchmark ten-year note adding 21/32 to
yield 1.75%. In commodities, NYMEX WTI pared early gains and lost 1% to
$30.34/barrel. COMEX gold climbed 1.2% to $1226.10/ounce. In FOREX the dollar
gained mildly on the euro but weakened against the yen. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial and Retail Indices Weak; Gold & Silver Index Bouncing Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials created a drag again on the market on Thursday as the Broker/Dealer Index ($XBD -1.20%) and the Bank Index ($BKX-1.61%). The Retail Index ($RLX-0.78%) also had a negative influence on the major averages. The tech sector was dragged down by the Biotechnology Index ($BTK -2.73%) and the Semiconductor Index ($SOX -0.58%) edged lower, yet the Networking Index ($NWX +0.16%) eked out a small gain. The Integrated Oil Index ($XOI -1.74%) fell and the Oil Services Index ($OSX -0.16%) suffered a small loss, meanwhile the Gold & Silver Index ($XAU 2.57%) was a standout gainer.Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX-0.78%) recently has been rebounding toward resistance at its 50-day moving average (DMA) line after violating its August lows.
| Oil Services |
$OSX |
142.36 |
-0.22 |
-0.15% |
-9.74% |
| Integrated Oil |
$XOI |
979.13 |
-17.31 |
-1.74% |
-8.72% |
| Semiconductor |
$SOX |
602.52 |
-3.53 |
-0.58% |
-9.19% |
| Networking |
$NWX |
333.80 |
+0.52 |
+0.16% |
-11.21% |
| Broker/Dealer |
$XBD |
145.54 |
-1.77 |
-1.20% |
-18.28% |
| Retail |
$RLX |
1,153.32 |
-9.03 |
-0.78% |
-10.14% |
| Gold & Silver |
$XAU |
61.55 |
+2.84 |
+4.84% |
+35.87% |
| Bank |
$BKX |
60.62 |
-0.99 |
-1.61% |
-17.05% |
| Biotech |
$BTK |
2,836.11 |
-79.62 |
-2.73% |
-25.64% |
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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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are the property of their respective owners, and are
likewise used for identification purposes only.
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