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AFTER MARKET UPDATE - TUESDAY, MARCH 1ST, 2016
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DOW |
+348.58 |
16,865.08 |
+2.11% |
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Volume |
1,099,561,930 |
-13% |
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Volume |
1,916,305,590 |
+7% |
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NASDAQ |
+131.65 |
4,689.60 |
+2.89% |
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Advancers |
2,553 |
83% |
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Advancers |
2,319 |
77% |
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S&P 500 |
+46.12 |
1,978.35 |
+2.39% |
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Decliners |
537 |
17% |
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Decliners |
699 |
23% |
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Russell 2000 |
+20.59 |
1,054.49 |
+1.99% |
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52 Wk Highs |
41 |
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52 Wk Highs |
37 |
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S&P 600 |
+11.76 |
647.79 |
+1.85% |
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52 Wk Lows |
26 |
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52 Wk Lows |
51 |
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Breadth Positive as Indices Rally for Solid Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rose sharply on Tuesday. The Dow was up 349 points to 16865. The S&P 500 advanced 46 points to 1978. The Nasdaq Composite rallied 132 points to 4689. Volume was reported mixed, lighter on the NYSE and heavier on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly 5-1 on the NYSE and by more than 3-1 on the Nasdaq exchange. There were 18 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, matching the total of the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows still led new highs on the Nasdaq exchange. The DOW and S&P 500 Index rebounded above their respective 50-day moving average lines and the Nasdaq Composite joined them on Tuesday.PICTURED: The Dow Jones Industrial Average rallied further above its 50-day moving average (DMA) line but remains well below its 200 DMA line. The major averages finished firmly higher on the first day of March following encouraging economic releases. The ISM survey showed manufacturing activity contracted less than expected in February. January construction spending unexpectedly grew 1.5% versus a projected 0.3% increase. Ford climbed 4.6% to $13.09 after posting better-than-expected February auto sales. Attention was also on the presidential race with 12 states holding primaries and caucuses today. Nine of 10 S&P 500 sectors were up with Technology, Financials and Materials the best performing groups. Apple (AAPL +3.97%) and JP Morgan Chase & Co (JPM +5.15%) both rallied. Sherwin-Williams (SHW +3.9%) also rose following the better-than-expected construction spending data. Utilities were the lone sector lower on the session. Pepco Holdings (POM -12.87%) fell after Washington D.C.’s mayor joined the list of officials opposed to Exelon (EXC +0.89%) buying the company. In earnings news, Medtronic (MDT -4.15%) fell amid disappointment in the medical device maker’s quarterly results. Treasuries declined as the equity rally dampened demand for perceived safety in U.S. government debt. Benchmark 10-year notes were down 26/32 to yield 1.83%. In commodities, NYMEX WTI crude rose 1.9% to $34.38/barrel after a report showed OPEC production declined in February. COMEX gold slipped 0.2% to $1232.00/ounce. The major averages (M criteria) have seen better leadership provide encouraging signs during the current confirmed rally. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech and Energy Groups Posted Solid Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Tuesday the Bank Index ($BKX +4.59%) and Broker/Dealer Index ($XBD +3.74%) both had a positive influence on the major averages while the Retail Index ($RLX+2.98%) also posted a solid gain. The tech sector was led by the Biotechnology Index ($BTK +5.01%) while the Semiconductor Index ($SOX +2.86%) and the Networking Index ($NWX +2.05%) posted a smaller gains. The Oil Services Index ($OSX +2.53%) and the Integrated Oil Index ($XOI +2.43%) both rose but the Gold & Silver Index ($XAU -3.61%) fell.Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX+2.98%) rallied above its 200-day moving average (DMA) line for the first time since early January.
| Oil Services |
$OSX |
148.05 |
+3.65 |
+2.53% |
-6.14% |
| Integrated Oil |
$XOI |
1,004.97 |
+23.88 |
+2.43% |
-6.31% |
| Semiconductor |
$SOX |
639.90 |
+17.79 |
+2.86% |
-3.55% |
| Networking |
$NWX |
359.76 |
+7.21 |
+2.05% |
-4.30% |
| Broker/Dealer |
$XBD |
153.77 |
+5.55 |
+3.74% |
-13.66% |
| Retail |
$RLX |
1,224.46 |
+35.46 |
+2.98% |
-4.60% |
| Gold & Silver |
$XAU |
61.61 |
-2.31 |
-3.61% |
+36.00% |
| Bank |
$BKX |
63.01 |
+2.77 |
+4.60% |
-13.78% |
| Biotech |
$BTK |
2,956.36 |
+141.13 |
+5.01% |
-22.49% |
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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
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. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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