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AFTER MARKET UPDATE - MONDAY, MARCH 14TH, 2016
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DOW |
+15.82 |
17,229.13 |
+0.09% |
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Volume |
834,420,900 |
-14% |
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Volume |
1,465,285,050 |
-12% |
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NASDAQ |
+1.81 |
4,750.28 |
+0.04% |
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Advancers |
1,316 |
44% |
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Advancers |
1,313 |
46% |
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S&P 500 |
-2.55 |
2,019.64 |
-0.13% |
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Decliners |
1,682 |
56% |
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Decliners |
1,541 |
54% |
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Russell 2000 |
-3.31 |
1,084.25 |
-0.30% |
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52 Wk Highs |
44 |
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52 Wk Highs |
35 |
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S&P 600 |
-3.18 |
665.88 |
-0.48% |
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52 Wk Lows |
8 |
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52 Wk Lows |
21 |
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Major Indices Were Little Changed Ahead of Fed Meeting
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were little changed on Monday. The Dow added 15 points to 17228. The S&P 500 ticked down 2 points to 2019. The NASDAQ advanced 1 point at 4750. Volume was reported lighter on the NYSE and on the Nasdaq exchange. Breadth was slightly negative as decliners edged out advancers 4-3 on the NYSE and 7-6 on the Nasdaq exchange. There were 17 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 25 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Nasdaq Composite Index Index is rising toward its 200-day moving average (DMA) line. Friday's gains helped the DOW and the S&P 500 Index both rally above their downward sloping 200-day moving average lines. The improvement for the major averages (M criteria) was backed by an expansion in healthy leadership (new highs), another encouraging sign for 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. The major averages fluctuated after the S&P 500 finished at its highest closing level of 2016 on Friday. Investors are cautious ahead of the two-day FOMC meeting this week. While analysts are not anticipating an interest rate hike, the probability of an increase in June is now above 50% according to Bloomberg futures data. Other important releases this week will include updates on retail sales, inflation and housing. Six out of ten sectors in the S&P 500 finished lower on the session. Energy and Materials shares lagged after experiencing strength last week while Consumer Discretionary stocks outperformed. In M&A news, Fresh Market (TFM +23.54%) rose after agreeing to be acquired by Apollo Global Management (APO +0.41%). Starwood Hotels (HOT +7.82%) rose as the company received an unsolicited takeover offer from a Chinese consortium. In earnings, 3D systems (DDD +25.11%) surged after profits exceeded analyst expectations. Treasuries were mostly higher with the yield curve flattening modestly. The benchmark U.S. 10-year note added 5/32 to yield 1.97%. In commodities, NYMEX WTI crude tumbled 3.3% to $37.24/barrel. COMEX gold slid 2.3% to $1230.50/ounce. In FOREX, the Dollar Index gained 0.4% with strength against the euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Fell and Retail and Biotech Groups Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups pulled back as the Gold & Silver Index ($XAU -2.53%), Oil Services Index ($OSX -2.56%) and Integrated Oil Index ($XOI -0.97%) fell on Monday, The Bank Index ($BKX -0.36%) and Broker/Dealer Index ($XBD -0.91%) both ended lower and were a negative influence on the major averages. The Retail Index ($RLX+0.33%) and the Biotechnology Index ($BTK +0.26%) posted small gains while the Networking Index ($NWX -1.04%) and the Semiconductor Index ($SOX -0.42%) both ended lower.Charts courtesy www.stockcharts.com
 PICTURED: The Oil Services Index ($OSX -2.56%) remains below its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
160.69 |
-4.22 |
-2.56% |
+1.88% |
| Integrated Oil |
$XOI |
1,072.65 |
-10.41 |
-0.96% |
-0.01% |
| Semiconductor |
$SOX |
656.35 |
-2.79 |
-0.42% |
-1.07% |
| Networking |
$NWX |
356.01 |
-3.76 |
-1.05% |
-5.30% |
| Broker/Dealer |
$XBD |
160.15 |
-1.46 |
-0.90% |
-10.07% |
| Retail |
$RLX |
1,245.50 |
+4.10 |
+0.33% |
-2.96% |
| Gold & Silver |
$XAU |
66.37 |
-1.72 |
-2.53% |
+46.51% |
| Bank |
$BKX |
65.13 |
-0.25 |
-0.38% |
-10.88% |
| Biotech |
$BTK |
2,928.09 |
+7.79 |
+0.27% |
-23.23% |
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Finished Strong After Highlighted in Mid-Day Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
N V 5 Global Inc (NVEE +$1.89 or +8.04% to $25.39) finished strong and triggered a technical buy signal while rising from an 8-month double bottom base with +142% above average volume. It was highlighted in yellow with pivot point cited based on its 12/02/15 high in the earlier mid-day report (read here). It completed a new Public Offering on 5/22/15. Reported earnings +32% on +47% sales revenues for the Dec '15 quarter. Prior quarterly earnings comparisons have been mostly above the +25% minimum guideline (C criteria), and its strong annual earnings (A criteria) history helps it match the fundamental guidelines of the fact-based investment system. The number of top-rated funds owning its shares rose from 13 in Mar '15 to to 119 in Dec '15, a reassuring sign concerning the I criteria. Subsequent volume-driven gains into new high territory may signal that more serious institutional buying demand is still lurking and could mark the beginning of another substantial leg up in price. 
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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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