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AFTER MARKET UPDATE - WEDNESDAY, MARCH 30TH, 2016
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DOW |
+83.55 |
17,716.66 |
+0.47% |
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Volume |
800,171,530 |
-15% |
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Volume |
1,576,806,110 |
-3% |
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NASDAQ |
+22.67 |
4,869.29 |
+0.47% |
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Advancers |
1,893 |
63% |
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Advancers |
1,758 |
62% |
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S&P 500 |
+8.94 |
2,063.95 |
+0.44% |
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Decliners |
1,119 |
37% |
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Decliners |
1,074 |
38% |
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Russell 2000 |
+1.36 |
1,110.44 |
+0.12% |
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52 Wk Highs |
218 |
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52 Wk Highs |
88 |
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S&P 600 |
+1.18 |
686.12 |
+0.17% |
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52 Wk Lows |
4 |
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52 Wk Lows |
25 |
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Major Averages Had Greater Leadership Behind Recent Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks advanced on Wednesday. The Dow was up 83 points to 17716. The S&P 500 added 8 points to 2063. The NASDAQ climbed 22 points to 4869. The volume was reported lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 3-2 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 65 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 47 on the prior session. New 52-week highs expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.PICTURED: The Nasdaq Composite Index rallied above its 200-day moving average (DMA) line for the first time since December 2015.
Further gains have helped the DOW and the S&P 500 Index both rally above their respective 50-day and 200-day moving average (DMA)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 extended yesterday’s rally that was kicked off by dovish comments from Federal Reserve Chair Janet Yellen. The dollar retreated once again while oil finished little changed after a Department of Energy report showed a lower-than-expected rise in U.S. crude inventories. Elsewhere on the data front, ADP reported a 200,000 job gain for the U.S. economy in March, slightly above the projected 195,000. Seven out of ten sectors in the S&P 500 finished higher on the session. Tech and Financial stocks outperformed while Utilities lagged. Apple (AAPL +1.75) rose after receiving an analyst upgrade. Metlife (MET +5.35%) as insurance companies buoyed Financials higher. In earnings, Lululemon (LULU +10.71%) surged as the company exceeded analyst projections on the top and bottom line. Treasuries were mixed with the yield curve steepening. The benchmark 10-year note was off 5/32 to yield 1.82%. In commodities, NYMEX WTI crude was essentially flat at $38.28/barrel. COMEX gold fell 0.8% to $1226.40/ounce. In FOREX, the Dollar index retreated another 0.3% and is on pace for its worst month since 2011. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Energy-Linked Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices were helped by the Retail Index ($RLX +0.48%) and strength in influential financials as the Broker/Dealer Index ($XBD +0.61%) and the Bank Index ($BKX +0.76%) also rose. The tech sector was mixed, with gains from the Networking Index ($NWX +0.764%) and the Semiconductor Index ($SOX +0.99%), meanwhile the Biotechnology Index ($BTK -0.36%) edged lower. Commodity-linked groups were also mixed as the Oil Services Index ($OSX +1.24%) and the Integrated Oil Index ($XOI +0.45%) both posted gains, but the Gold & Silver Index ($XAU -0.61%) pulled back. Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU -0.61%) is consolidating +83% above its January 2016 low.
| Oil Services |
$OSX |
158.64 |
+1.95 |
+1.24% |
+0.58% |
| Integrated Oil |
$XOI |
1,073.71 |
+4.80 |
+0.45% |
+0.09% |
| Semiconductor |
$SOX |
680.79 |
+6.65 |
+0.99% |
+2.61% |
| Networking |
$NWX |
366.20 |
+2.75 |
+0.76% |
-2.59% |
| Broker/Dealer |
$XBD |
162.16 |
+0.98 |
+0.61% |
-8.94% |
| Retail |
$RLX |
1,278.35 |
+6.10 |
+0.48% |
-0.40% |
| Gold & Silver |
$XAU |
70.32 |
-0.43 |
-0.61% |
+55.23% |
| Bank |
$BKX |
64.65 |
+0.49 |
+0.76% |
-11.54% |
| Biotech |
$BTK |
2,868.48 |
-10.29 |
-0.36% |
-24.79% |
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Seriously Applying the Fact-Based System Now
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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