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AFTER MARKET UPDATE - THURSDAY, MARCH 24TH, 2016
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DOW |
+13.14 |
17,515.73 |
+0.08% |
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Volume |
865,556,610 |
+3% |
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Volume |
1,447,326,900 |
-9% |
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NASDAQ |
+4.64 |
4,773.50 |
+0.10% |
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Advancers |
1,532 |
51% |
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Advancers |
1,520 |
53% |
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S&P 500 |
-0.77 |
2,035.94 |
-0.04% |
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Decliners |
1,459 |
49% |
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Decliners |
1,323 |
47% |
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Russell 2000 |
+3.84 |
1,079.54 |
+0.36% |
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52 Wk Highs |
57 |
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52 Wk Highs |
28 |
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S&P 600 |
+2.32 |
666.28 |
+0.35% |
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52 Wk Lows |
20 |
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52 Wk Lows |
52 |
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Major Averages Ended Quietly Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the S&P 500 lost 0.7% while the Dow and Nasdaq each retreated 0.5%. Markets will be closed in observance of Good Friday. Stocks were little changed on Thursday. The Dow added 13 points to 17515. The S&P 500 was flat at 2035. The Nasdaq Composite ticked up 4 points to 4773. Volume was reported higher on the NYSE and lower on the Nasdaq exchange. Advancers narrowly led decliners on the NYSE and on the Nasdaq exchange. Leadership waned as there were 10 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, versus the total of 16 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange.PICTURED: The S&P 400 Mid-Cap Index had better volume behind recent gains, but it has since slumped back below its 200-day moving average (DMA) line. Further gains have helped the DOW and the S&P 500 Index both rally above their respective 200-day moving average lines. The recent 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 staged an afternoon rally along with commodity prices amid light trading volume. On the data front, initial jobless claims rose to 265,000 from a revised prior reading of 259,000. Durable goods orders fell 2.8% in February after gaining 4.2% in January. Another report showed activity in the service sector expanded to 51.0 in March from 49.7 last month. In Fed news, St. Louis President James Bullard reiterated his comments that the central bank could hike rates in the near term if economic data continues to trend in the right direction. The Financial and Industrials sectors lagged on Thursday while Telecom and Energy stocks outperformed. In earnings, KB Home (KBH +6.34%) rose after beating expectations on the top and bottom line. Accenture (ACN +6.17%) rose as the company exceeded consensus profit projections and raised full-year guidance. Treasuries were lower with the benchmark 10-year note off 6/32 to yield 1.90%. In commodities NYMEX WTI crude fell 0.4% to $39.60/barrel, which was well above its low for the day. COMEX gold slid 0.5% to $1218.10/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Retail and Tech Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Oil Services Index ($OSX +0.59%) and Integrated Oil Index ($XOI +0.32%) both edged higher and the Gold & Silver Index ($XAU +2.08%) posted a bigger gain. Financials were weak as the Broker/Dealer Index ($XBD -0.73%) and the Bank Index ($BKX -0.66%) both slumped and dragged the major indices lower, meanwhile the Retail Index ($RLX +0.46%) posted a small gain. The Biotechnology Index ($BTK +0.75%) and the Networking Index ($NWX +0.33%) posted small gains while the Semiconductor Index ($SOX -0.05%) finished flat.Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +0.46%) is consolidating after rising above its 50-day and 200-day moving average (DMA) lines in February.
| Oil Services |
$OSX |
157.82 |
+0.93 |
+0.59% |
+0.06% |
| Integrated Oil |
$XOI |
1,073.65 |
+3.44 |
+0.32% |
+0.09% |
| Semiconductor |
$SOX |
666.14 |
-0.32 |
-0.05% |
+0.40% |
| Networking |
$NWX |
357.37 |
+1.16 |
+0.33% |
-4.94% |
| Broker/Dealer |
$XBD |
158.82 |
-1.17 |
-0.73% |
-10.82% |
| Retail |
$RLX |
1,251.01 |
+5.68 |
+0.46% |
-2.53% |
| Gold & Silver |
$XAU |
67.48 |
+1.38 |
+2.09% |
+48.96% |
| Bank |
$BKX |
64.80 |
-0.43 |
-0.66% |
-11.33% |
| Biotech |
$BTK |
2,874.65 |
+21.31 |
+0.75% |
-24.63% |
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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