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AFTER MARKET UPDATE - TUESDAY, FEBRUARY 27TH, 2018
Previous After Market Report Next After Market Report >>>
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DOW |
-299.24 |
25,410.03 |
-1.16% |
|
Volume |
895,433,500 |
+10% |
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Volume |
2,147,327,580 |
+15% |
|
NASDAQ |
-91.11 |
7,330.35 |
-1.23% |
|
Advancers |
680 |
23% |
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Advancers |
726 |
25% |
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S&P 500 |
-35.32 |
2,744.28 |
-1.27% |
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Decliners |
2,286 |
77% |
|
Decliners |
2,230 |
75% |
|
Russell 2000 |
-22.86 |
1,536.47 |
-1.47% |
|
52 Wk Highs |
96 |
|
|
52 Wk Highs |
106 |
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S&P 600 |
-14.93 |
937.83 |
-1.57% |
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52 Wk Lows |
55 |
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52 Wk Lows |
56 |
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Major Indices Fell With Volume Higher on Both Exchanges
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower Tuesday. The Dow fell 299 points to 25410. The S&P 500 lost 35 points to 2744 while the Nasdaq Composite was off 91 points to 7330. The volume totals reported were higher than the prior session totals on the NYSE and on the Nasdaq exchange, action indicative of distributional pressure. Decliners led advancers by more than a 3-1 margin on the NYSE and on the Nasdaq exchange. New 52-week highs totals contracted yet outnumbered new 52-week lows totals on both the Nasdaq exchange and the NYSE. There were 49 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 52 on the prior session. Charts used courtesy of www.stockcharts.com
 PICTURED: The Dow Jones Industrial Average pulled back while still consolidating above its 50-day moving average (DMA) line. The major indices (M criteria) are in a confirmed uptrend. New buying efforts may be justified under the fact-based investment system, however, only when all key criteria of the fact-based investment system are satisfied. The Featured Stocks Pageprovides the latest analysis on noteworthy high-ranked leaders.
U.S. equities declined as investors digested comments from Fed Chairman Jerome Powell. In his first public appearance as Fed leader, he told the House Financial Services Committee that the economy has strengthened since December, and data has shown inflation moving closer to target. Powell signaled the possibility of more than three rate hikes this year if economic and inflation readings remain strong. Treasury yields spiked following Powell’s testimony. The yield on the 10-year note jumped to 2.91% before settling up three basis points to 2.89%.
On the data front, durable goods orders fell 3.7% in January while home prices in 20 major U.S. cities grew 6.3% year-over-year in December. A separate release revealed consumer confidence rose to a 17-year high in February.
All 11 sectors in the S&P 500 finished lower. Consumer Discretionary shares lagged with Autozone (AZO -11.07%) fell after the auto parts retailer missed earnings estimates. Financials were a relative outperformer amid elevated interest rates. In M&A news, Comcast (CMCSA -7.38%) fell on reports it made a $31 billion dollar offer to acquire European media company Sky.
In commodities, NYMEX WTI crude fell 1.6% to $62.90/barrel. COMEX gold dropped 1.0% to $1319.40/ounce amid a firmly stronger dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Retail, Bank, and Tech Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Tuesday the Retail Index ($RLX -1.39%) and the Bank Index ($BKX -1.12%) finished lower and the Broker/Dealer Index ($XBD -0.09%) finished flat. The tech sector had a negative bias as the Semiconductor Index ($SOX -0.40%), Networking Index ($NWX -0.53%), and the Biotechnology Index ($BTK -1.10%) posted unanimous losses. Commodity-linked groups also fell as the Gold & Silver Index ($XAU -2.82%) outpaced the Oil Services Index ($OSX -1.50%) and the Integrated Oil Index ($XOI -1.61%) to the downside. Charts courtesy wwwstockcharts.com
 PICTURED: The Biotechnology Index ($BTK -1.10%) found prompt support at its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
138.98 |
-2.12 |
-1.50% |
-7.07% |
| Integrated Oil |
$XOI |
1,305.12 |
-21.34 |
-1.61% |
-2.28% |
| Semiconductor |
$SOX |
1,374.72 |
-5.55 |
-0.40% |
+9.71% |
| Networking |
$NWX |
523.10 |
-2.79 |
-0.53% |
+6.64% |
| Broker/Dealer |
$XBD |
285.99 |
-0.25 |
-0.09% |
+7.82% |
| Retail |
$RLX |
1,977.58 |
-27.97 |
-1.39% |
+14.06% |
| Gold & Silver |
$XAU |
78.97 |
-2.30 |
-2.83% |
-7.39% |
| Bank |
$BKX |
114.01 |
-1.29 |
-1.12% |
+6.84% |
| Biotech |
$BTK |
4,672.26 |
-52.09 |
-1.10% |
+10.66% |
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Earnings News Due Next Week for Chinese Social Platform
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
YY Inc (YY -$3.16 or -2.39% to $129.09) is consolidating above its 50-day moving average (DMA) line ($125.72). It found prompt support and rebounded after violating that important short-term average since last shown in this FSU on 2/02/18 with an annotated graph under the headline, "Retreating After +78% Rally in 5 Months ".
This China-based Internet - Content firm is due to report Dec '17 quarterly results on Monday, March 5, 2018 after market close. Volume and volatility often increase near earnings news. It reported Sep '17 quarterly earnings +42% on +49% sales revenues marking its 5th consecutive strong quarterly report above the +25% minimum (C criteria). Its annual earnings (A criteria) history has been strong especially since its $11 IPO on 11/21/12. It completed a new Public Offering on 8/16/17. YY has seen the number of top-rated funds owning its shares rise from 268 in Sep '16 to 490 in Dec '17, a reassuring sign concerning the I criteria. It has a current Up/Down Volume ratio of 1.3 which is an unbiased indication of accumulation over the past 50 days. It traded up as much as +78.13% since highlighted in yellow with a pivot point cited based on its 8/10/17 high plus 10 cents in the 9/25/17 mid-day report (read here).
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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***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
TPL
-
NYSE
Texas Pacific Land Trust
FINANCIAL SERVICES - Diversified Investments
|
$538.66
|
+6.66
1.25% |
$539.78
|
5,791
30.48% of 50 DAV
50 DAV is 19,000
|
$569.99
-5.50%
|
2/20/2018
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$517.00
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PP = $569.99
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|
MB = $598.49
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Most Recent Note - 2/27/2018 1:59:32 PM
Y - Still consolidating in an orderly fashion above its 50 DMA line ($493.23). A valid secondary buy point exists up to +5% above the latest high after it successfully tested the 10 week moving average (WMA) line following an earlier technical breakout. Reported earnings +29% on +118% sales revenues for the Dec '17 quarter.
>>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Moving Average Line - 2/22/2018 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc
INTERNET - Internet Service Providers
|
$129.09
|
-3.16
-2.39% |
$134.48
|
990,851
87.53% of 50 DAV
50 DAV is 1,132,000
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$142.97
-9.71%
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12/29/2017
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$113.06
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PP = $123.58
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MB = $129.76
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Most Recent Note - 2/27/2018 6:04:05 PM
G - Consolidating above its 50 DMA line ($125.72). It has not formed a sound new base. Due to report earnings news on Monday. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Earnings News Due Next Week for Chinese Social Platform - 2/27/2018 |
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C
A
S
I |
LOGM
-
NASDAQ
Logmein Inc
INTERNET - Internet Software andamp; Services
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$116.70
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-3.10
-2.59% |
$120.30
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791,687
127.28% of 50 DAV
50 DAV is 622,000
|
$134.80
-13.43%
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2/15/2018
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$132.35
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PP = $129.61
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MB = $136.09
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Most Recent Note - 2/26/2018 5:49:12 PM
G - A rebound above the 50 DMA line ($120.43) would help its outlook improve, however its Relative Strength rating has slumped to 63, below the 80+ minimum guideline for buy candidates. Found support recently at its 200 DMA line and posted volume-driven gains.
>>> FEATURED STOCK ARTICLE : Technical Breakout Came Ahead of Earnings News - 2/15/2018 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$151.18
|
-2.94
-1.91% |
$154.84
|
387,447
65.89% of 50 DAV
50 DAV is 588,000
|
$166.19
-9.03%
|
12/22/2017
|
$138.07
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PP = $142.90
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|
MB = $150.05
|
Most Recent Note - 2/27/2018 2:04:50 PM
G - Consolidating just above its 50 DMA line ($146.70). It has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Repaired Recent Technical Damage But Has Not Formed a New Base - 2/23/2018 |
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C
A
S
I |
PETS
-
NASDAQ
Petmed Express Inc
RETAIL - Drug Stores
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$47.50
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+0.34
0.72% |
$48.27
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456,394
62.86% of 50 DAV
50 DAV is 726,000
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$57.80
-17.82%
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1/19/2018
|
$53.59
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PP = $51.00
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|
MB = $53.55
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Most Recent Note - 2/27/2018 6:05:27 PM
G - Quietly consolidating just above the 50 DMA line ($46.81). Faces resistance due to overhead supply up to the $57 level. Recently reported earnings +83% on +14% sales revenues, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Average After Negative Reversal - 2/14/2018 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
DPZ
-
NYSE
Dominos Pizza Inc
WHOLESALE - Food Wholesale
|
$226.47
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-1.55
-0.68% |
$230.99
|
614,313
53.89% of 50 DAV
50 DAV is 1,140,000
|
$236.00
-4.04%
|
2/20/2018
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$224.86
|
PP = $222.01
|
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MB = $233.11
|
Most Recent Note - 2/27/2018 1:46:28 PM
Y - Hovering near its all-time high after rallying above the pivot point cited with big volume-driven gains. Highlighted in the 2/20/18 mid-day report with pivot point cited based on its 1/25/18 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Popular Pizza Firm Met Resistance Near Prior High - 2/20/2018 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$45.73
|
-1.13
-2.41% |
$47.15
|
393,177
59.08% of 50 DAV
50 DAV is 665,500
|
$50.08
-8.69%
|
10/9/2017
|
$39.75
|
PP = $41.54
|
|
MB = $43.62
|
Most Recent Note - 2/27/2018 1:48:26 PM
G - Quietly consolidating near its 50 DMA line ($46.24). Tested support near its 200 DMA line recently. More damaging losses would raise greater concerns. Reported earnings +16% on +27% sales revenues for the Dec '17 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Slumped Below 50-Day Average With Earnings News Due Friday - 2/6/2018 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$66.55
|
-0.25
-0.37% |
$67.99
|
573,943
54.56% of 50 DAV
50 DAV is 1,052,000
|
$73.55
-9.52%
|
1/2/2018
|
$69.16
|
PP = $68.99
|
|
MB = $72.44
|
Most Recent Note - 2/27/2018 1:49:24 PM
G - Still sputtering near its 50 DMA line ($66.48). The recent low ($60.00 on 2/06/18) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-day Moving Average is Needed to Help Outlook - 2/12/2018 |
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C
A
S
I |
SPLK
-
NASDAQ
Splunk Inc
Computer Sftwr-Database
|
$93.74
|
-0.95
-1.00% |
$94.95
|
1,942,336
134.60% of 50 DAV
50 DAV is 1,443,000
|
$97.27
-3.63%
|
2/15/2018
|
$96.06
|
PP = $93.68
|
|
MB = $98.36
|
Most Recent Note - 2/27/2018 1:58:16 PM
Y - Due to report results for its fiscal fourth quarter and fiscal year ended January 31, 2018 on Thursday, March 1, 2018. Volume totals have been cooling while hovering at multi-year highs. Its 50 DMA line ($89.00) defines near term support to watch on pullbacks. A valid secondary buy point exists up to +5% above the prior high since finding support at the 10 WMA after the prior breakout.
>>> FEATURED STOCK ARTICLE : Pulled Back to 10-Week Moving Average After Technical Breakout - 2/16/2018 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$99.62
|
+0.13
0.13% |
$101.19
|
724,230
103.91% of 50 DAV
50 DAV is 697,000
|
$99.95
-0.33%
|
2/15/2018
|
$95.01
|
PP = $93.61
|
|
MB = $98.29
|
Most Recent Note - 2/27/2018 1:55:05 PM
G - Hitting another new all-time high and its color code is changed to green while rising more than +5% above the prior high. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Fell Below 50 Day Average With Losses on Above Average Volume - 2/8/2018 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$98.92
|
-0.21
-0.21% |
$101.03
|
1,418,007
77.57% of 50 DAV
50 DAV is 1,828,000
|
$99.81
-0.89%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 2/27/2018 1:50:36 PM
G - Perched near its all-time high, very extended from any sound base. Recently reported earnings +61% on +49% sales revenues for the Dec '17 quarter.
>>> FEATURED STOCK ARTICLE : Slumped Below 50-Day Average With Earnings News Due - 2/7/2018 |
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C
A
S
I |
HQY
-
NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service
|
$56.25
|
+1.26
2.29% |
$56.40
|
884,087
145.89% of 50 DAV
50 DAV is 606,000
|
$57.72
-2.55%
|
2/20/2018
|
$56.37
|
PP = $55.41
|
|
MB = $58.18
|
Most Recent Note - 2/26/2018 5:54:41 PM
Y - Finished strong today with another big volume-driven gain. Managed a "positive reversal" on the prior session after early lows undercut both its 50 and 200 DMA lines. Highlighted in the 2/20/18 mid-day report (read here). Fundamentals remain strong, with earnings +70% on +31% sales revenues for the Oct '17 quarter.
>>> FEATURED STOCK ARTICLE : Fundamentals Remained Favorable and Strength Returned - 2/21/2018 |
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C
A
S
I |
PYPL
-
NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr
|
$79.46
|
+0.11
0.14% |
$79.93
|
8,838,843
91.45% of 50 DAV
50 DAV is 9,665,000
|
$86.32
-7.95%
|
2/1/2018
|
$80.35
|
PP = $79.49
|
|
MB = $83.46
|
Most Recent Note - 2/26/2018 5:52:16 PM
G - Consolidating above its 50 DMA line ($78.07). Subsequent losses below the recent low ($71.63 on 2/09/18) would raise concerns and trigger a more worrisome technical sell signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Back Above 50-Day Moving Average - 2/26/2018 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$59.50
|
-0.80
-1.33% |
$61.25
|
400,667
71.42% of 50 DAV
50 DAV is 561,000
|
$60.49
-1.64%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
|
MB = $49.35
|
Most Recent Note - 2/26/2018 5:50:36 PM
G - Hit another new all-time high with light volume behind today's 4th consecutive gain. Found support near its 50 DMA line. Prior low ($50.15 on 1/04/18) defines the next important near-term support.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 2/13/2018 |
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C
A
S
I |
WB
-
NASDAQ
Weibo Corp Cl A Ads
INTERNET - Content
|
$129.13
|
-3.64
-2.74% |
$134.58
|
2,286,424
125.15% of 50 DAV
50 DAV is 1,827,000
|
$142.12
-9.14%
|
1/16/2018
|
$126.33
|
PP = $122.21
|
|
MB = $128.32
|
Most Recent Note - 2/26/2018 12:59:01 PM
G - Pulling back today with higher volume indicative of distributional pressure after getting extended from the prior base. Recently reported earnings +88% on +77% sales revenues for the Dec '17 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average With Earnings News Due - 2/9/2018 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$46.59
|
-0.77
-1.63% |
$47.88
|
128,543
55.41% of 50 DAV
50 DAV is 232,000
|
$52.81
-11.78%
|
1/3/2018
|
$45.88
|
PP = $47.09
|
|
MB = $49.44
|
Most Recent Note - 2/27/2018 1:52:12 PM
G - Meeting resistance while recently consolidating near its 50 DMA line ($47.45). The recent low ($43.73 on 2/06/18) defines near term support where a violation would raise greater concerns. Recently reported earnings +21% on +5% sales revenues for the Dec '17 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. On 10/26/17 it completed a Secondary Offering.
>>> FEATURED STOCK ARTICLE : Damaging Violation of 50-Day Moving Average Line - 2/5/2018 |
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A
S
I |
|
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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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
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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.
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