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AFTER MARKET UPDATE - WEDNESDAY, APRIL 4TH, 2018
Previous After Market Report Next After Market Report >>>
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DOW |
+230.94 |
24,264.30 |
+0.96% |
|
Volume |
855,329,970 |
-5% |
|
Volume |
2,236,074,710 |
-4% |
|
NASDAQ |
+100.83 |
7,042.11 |
+1.45% |
|
Advancers |
2,014 |
69% |
|
Advancers |
2,183 |
75% |
|
S&P 500 |
+30.24 |
2,644.69 |
+1.16% |
|
Decliners |
917 |
31% |
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Decliners |
740 |
25% |
|
Russell 2000 |
+19.51 |
1,531.66 |
+1.29% |
|
52 Wk Highs |
25 |
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|
52 Wk Highs |
37 |
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S&P 600 |
+11.14 |
942.06 |
+1.20% |
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52 Wk Lows |
82 |
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52 Wk Lows |
86 |
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Major Indices Erased Big Early Losses to Finish Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks are finished higher Wednesday. The Dow gained 230 points to 24264 while the S&P 500 added 30 points to 2644. The Nasdaq was up 100 points to 7042. The volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, indicative of less impressive institutional buying demand. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by a 3-1 margin on the Nasdaq exchange. There were 7 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 5 on the prior session. New 52-week lows totals outnumbered new 52-week highs totals on the NYSE and on the Nasdaq exchange. Charts used courtesy of www.stockcharts.com
 PICTURED: The Nasdaq Composite Index posted a second consecutive gain on lighter volume and ended the session -7.8% off its record high hit on March 13th. The prior low and 200 DMA line (6,754) define important near-term support.
The major indices (M criteria) have shown weakness indicative of a correction. Investors following the fact-based investment system reduce market exposure during weak market periods by selling any stocks triggering technical sell signals on a case-by-case basis. Once a new confirmed rally with a solid follow through day occurs it will be noted and new buying efforts will again be justified only when all key criteria of the fact-based investment system are satisfied. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.
The major averages rebounded from early morning lows as investors weighed the latest updates in the global trade dispute. Last night, China announced new retaliatory tariffs on 106 different U.S. goods totaling approximately $50 billion. Representatives from both the U.S. and China have since indicated a willingness to negotiate. On the data front, U.S. private employers added 241,000 jobs in March, topping expectations of 210,000. In a separate release, mortgage applications fell 3.3% last week. Meanwhile, the Institute for Supply Management revealed growth in U.S. service industries cooled in March.
Ten of 11 sectors in the S&P 500 finished higher with Energy the sole laggard. Consumer shares paced gains while Industrials underperformed on a relative basis. Boeing (BA -1.02%) pared a big loss but still ended lower. Technology outperformed with Microsoft (MSFT +2.92%) and chipmaker Micron Technology (MU +3.57%) both gaining. In earnings, Lennar Corp (LEN +10.04%) surged after the homebuilder topped quarterly projections on both the top and bottom lines.
Treasuries were modestly weaker with the yield on the benchmark 10-year note up two basis points to 2.80%. In commodities, NYMEX WTI crude finished flat at $63.52/barrel. COMEX Gold was essentially unchanged at $1333.00/ounce amid a slightly weaker dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday the Retail Index ($RLX +1.78%) outpaced the Bank Index ($BKX +1.28%) and the Broker/Dealer Index ($XBD +0.96%) after the major indices rebounded from a negative start. The Biotechnology Index ($BTK +2.80%), Semiconductor Index ($SOX +1.30%), and the Networking Index ($NWX +1.39%) posted unanimous gains. The Integrated Oil Index ($XOI +0.08%) finished flat and the Oil Services Index ($OSX -0.21%) and the Gold & Silver Index ($XAU -0.47%) both edged lower. Charts courtesy wwwstockcharts.com
 PICTURED: The Retail Index ($RLX +1.78%) has recently slumped below its 50-day moving average (DMA) line toward the prior low.
| Oil Services |
$OSX |
134.81 |
-0.28 |
-0.21% |
-9.86% |
| Integrated Oil |
$XOI |
1,328.81 |
+1.11 |
+0.08% |
-0.50% |
| Semiconductor |
$SOX |
1,319.01 |
+16.92 |
+1.30% |
+5.26% |
| Networking |
$NWX |
531.83 |
+7.31 |
+1.39% |
+8.42% |
| Broker/Dealer |
$XBD |
283.49 |
+2.71 |
+0.96% |
+6.88% |
| Retail |
$RLX |
1,910.34 |
+33.48 |
+1.78% |
+10.18% |
| Gold & Silver |
$XAU |
80.84 |
-0.38 |
-0.47% |
-5.20% |
| Bank |
$BKX |
107.28 |
+1.36 |
+1.28% |
+0.53% |
| Biotech |
$BTK |
4,440.38 |
+120.89 |
+2.80% |
+5.17% |
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Pulling Back After Negative Reversal at All-Time High Last Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Paycom Software Inc (PAYC +$3.10 or +2.96% to $107.87) has been consolidating above its 50-day moving average (DMA) line ($99.40) which defines near-term support above prior highs in the $93 area. It is very extended from any sound base, and there was a "negative reversal" on 3/27/18 after hitting a new all-time high. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price. PAYC was last shown in this FSU section on 3/07/18 with an annotated graph under the headline, "Extended From Prior Base After Streak of Gains".
Fundamentals remain strong. Recently it reported Dec '17 quarterly earnings +61% on +30% sales revenues, continuing its strong earnings track record. It has earned a 99 Earnings Per Share Rating, the highest possible rank.
The high-ranked Computer Software - Enterprise firm's current Up/Down Volume ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 384 in Jun '17 to 417 in Mar '18, a reassuring sign concerning the I criteria. It has a Timeliness rating of A and Sponsorship rating of B. It completed Secondary Offerings on on 11/13/15, 9/16/15, 5/15/15 and 1/14/15 since its $15 IPO on 4/15/14. |
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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 |
SIVB
-
NASDAQ
S V B Financial Group
BANKING - Regional - Pacific Banks
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$240.81
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+4.32
1.83% |
$241.72
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564,158
77.92% of 50 DAV
50 DAV is 724,000
|
$271.79
-11.40%
|
3/12/2018
|
$267.79
|
PP = $263.19
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|
MB = $276.35
|
Most Recent Note - 4/3/2018 6:43:17 PM
G - Sputtering near the prior low ($226.61 on 2/06/18) defining important near-term support. Only a prompt rebound above the 50 DMA line ($251.22) would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Endured Distributional Pressure After Wedging Higher - 3/12/2018 |
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C
A
S
I |
TPL
-
NYSE
Texas Pacific Land Trust
FINANCIAL SERVICES - Diversified Investments
|
$516.99
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+4.87
0.95% |
$516.99
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5,442
38.87% of 50 DAV
50 DAV is 14,000
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$569.99
-9.30%
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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 - 4/3/2018 6:46:15 PM
G - Meeting resistance, but a rebound above the 50 DMA line ($517.78) is needed for its outlook to improve. Recent lows ($480) define important support where damaging losses may trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Slump Under 50-Day Average Line Hurt Near Term Outlook - 3/23/2018 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$37.92
|
+1.48
4.06% |
$38.05
|
204,808
153.99% of 50 DAV
50 DAV is 133,000
|
$39.88
-4.91%
|
3/19/2018
|
$36.77
|
PP = $39.98
|
|
MB = $41.98
|
Most Recent Note - 4/4/2018 5:44:32 PM
Y - Posted a solid gain today with above average volume, rising within striking distance of the new pivot point cited based on its 10/20/17 high plus 10 cents. Subsequent volume-driven gains for new highs are needed to trigger a technical buy signal. Found support recently near its 50 DMA line ($35.56).
>>> FEATURED STOCK ARTICLE : Rebounding Near High After Choppy Consolidation - 3/19/2018 |
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C
A
S
I |
DPZ
-
NYSE
Dominos Pizza Inc
WHOLESALE - Food Wholesale
|
$231.45
|
-2.02
-0.87% |
$232.02
|
991,505
98.56% of 50 DAV
50 DAV is 1,006,000
|
$236.93
-2.31%
|
2/20/2018
|
$224.86
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PP = $222.01
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MB = $233.11
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Most Recent Note - 4/4/2018 10:03:47 AM
Y - Gapped down today. There was a "negative reversal" on 4/02/18 after touching a new all-time high. Stalled soon after highlighted in the 2/20/18 mid-day report with pivot point cited based on its 1/25/18 high plus 10 cents. Its 50 DMA line ($222) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Popular Pizza Firm Perched Near All Time High - 3/21/2018 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$71.90
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+0.00
0.00% |
$72.57
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1,373,523
118.20% of 50 DAV
50 DAV is 1,162,000
|
$73.86
-2.65%
|
3/9/2018
|
$68.58
|
PP = $73.65
|
|
MB = $77.33
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Most Recent Note - 4/2/2018 4:50:41 PM
Y - Touched a new high today but finished lower. Reported earnings +31% on +30% sales revenues for the Jan '18 quarter, continuing its strong earnings track record. New pivot point was cited based on its 1/05/18 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($67.22) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Retailer Rebounding Within Striking Distance of Prior High - 3/9/2018 |
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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 |
SPLK
-
NASDAQ
Splunk Inc
Computer Sftwr-Database
|
$99.22
|
+1.36
1.39% |
$99.67
|
1,402,233
69.52% of 50 DAV
50 DAV is 2,017,000
|
$112.66
-11.93%
|
2/15/2018
|
$96.06
|
PP = $93.68
|
|
MB = $98.36
|
Most Recent Note - 4/4/2018 10:01:41 AM
G - Gapped down today undercutting its 50 DMA ($97.29) line and slumping below the prior high in the $97 area raising concerns and triggering a technical sell signal. Color code is changed to green. Only a prompt rebound above the 50 DMA line would help it outlook improve.
>>> FEATURED STOCK ARTICLE : Extended After Rallying from Secondary Buy Point - 3/20/2018 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$107.87
|
+3.10
2.96% |
$108.26
|
468,452
58.12% of 50 DAV
50 DAV is 806,000
|
$115.48
-6.59%
|
2/15/2018
|
$95.01
|
PP = $93.61
|
|
MB = $98.29
|
Most Recent Note - 4/4/2018 5:42:20 PM
G - Extended from any sound base and consolidating above its 50 DMA line ($99.40) which defines near-term support above prior highs in the $93 area. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulling Back After Negative Reversal at All-Time High Last Week - 4/4/2018 |
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C
A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$99.53
|
+1.89
1.94% |
$99.81
|
1,474,062
73.74% of 50 DAV
50 DAV is 1,999,000
|
$112.41
-11.46%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 4/4/2018 10:05:25 AM
G - Sputtering near its 50 DMA line ($93.96) which defines near-term support. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Very Extended and Enduring Distributional Pressure - 3/29/2018 |
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C
A
S
I |
HQY
-
NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service
|
$63.11
|
+0.70
1.12% |
$63.54
|
617,814
79.62% of 50 DAV
50 DAV is 776,000
|
$68.75
-8.20%
|
2/20/2018
|
$56.37
|
PP = $55.41
|
|
MB = $58.18
|
Most Recent Note - 4/3/2018 6:39:48 PM
G - Still hovering near its all-time high, extended from any sound base. Prior highs in the $55 area define initial support along with its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Bullish Action Followed Latest Earnings Report - 3/22/2018 |
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C
A
S
I |
LOB
-
NASDAQ
Live Oak Bancshares Inc
Banks-Southeast
|
$28.50
|
+0.75
2.70% |
$28.55
|
116,188
78.51% of 50 DAV
50 DAV is 148,000
|
$30.05
-5.16%
|
3/16/2018
|
$28.63
|
PP = $28.30
|
|
MB = $29.72
|
Most Recent Note - 4/4/2018 5:46:31 PM
Y - Posted a gain today with below average volume, rising above its pivot point after testing its 50 DMA line ($27.15) . More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Tallied Volume-Driven Gain for New High - 3/16/2018 |
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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 |
PYPL
-
NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr
|
$74.78
|
+0.22
0.30% |
$75.06
|
8,214,517
78.71% of 50 DAV
50 DAV is 10,436,000
|
$86.32
-13.37%
|
2/1/2018
|
$80.35
|
PP = $79.49
|
|
MB = $83.46
|
Most Recent Note - 4/2/2018 5:02:46 PM
G - Still sputtering below its 50 DMA line ($79.27). A rebound above that important short-term average is needed for its outlook to improve. The prior low ($71.63 on 2/09/18) defines the next important support level where a violation would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Moving Average Again - 3/27/2018 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$60.45
|
+1.45
2.46% |
$60.75
|
1,223,561
247.68% of 50 DAV
50 DAV is 494,000
|
$62.05
-2.58%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
|
MB = $49.35
|
Most Recent Note - 4/2/2018 4:58:25 PM
G - Consolidating in an orderly fashion near its all-time high. Its 50 DMA line ($57.85) and prior low ($54.44 on 3/09/18) define near-term support.
>>> FEATURED STOCK ARTICLE : Bargain Outlet's Shares Perched Near All-Time Price High - 3/13/2018 |
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C
A
S
I |
WB
-
NASDAQ
Weibo Corp Cl A Ads
INTERNET - Content
|
$116.53
|
+1.52
1.32% |
$116.63
|
1,751,222
86.22% of 50 DAV
50 DAV is 2,031,000
|
$142.12
-18.01%
|
1/16/2018
|
$126.33
|
PP = $122.21
|
|
MB = $128.32
|
Most Recent Note - 4/2/2018 5:09:33 PM
G - Still sputtering below its 50 DMA line ($129) after damaging volume-driven losses. A rebound above that short-term average is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Recent Consolidation is Not a New Base of Sufficient Length - 3/8/2018 |
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C
A
S
I |
SQ
-
NYSE
Square Inc Cl A
Finance-CrdtCard/PmtPr
|
$47.67
|
+0.09
0.19% |
$47.84
|
10,466,030
67.81% of 50 DAV
50 DAV is 15,435,000
|
$58.46
-18.46%
|
3/5/2018
|
$49.70
|
PP = $49.66
|
|
MB = $52.14
|
Most Recent Note - 4/4/2018 9:58:59 AM
G - Gapped down today slumping below its 50 DMA line ($47.50) and below prior highs in the $47-49 area raising greater concerns and triggering technical sell signals. Color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Slumped Back Into Prior Base Testing 50-Day Average - 4/2/2018 |
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C
A
S
I |
SEND
-
NYSE
Sendgrid Inc
INTERNET - Content
|
$24.66
|
-2.01
-7.54% |
$25.28
|
517,940
237.59% of 50 DAV
50 DAV is 218,000
|
$32.03
-23.00%
|
3/6/2018
|
$28.00
|
PP = $28.37
|
|
MB = $29.79
|
Most Recent Note - 4/4/2018 9:56:22 AM
G - Gapped down and violated its 50 DMA line triggering a technical sell signal with a damaging loss today after announcing a Secondary Offering. Color code is changed to green. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Slumped Into Prior Base Testing 50-Day Average - 4/3/2018 |
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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 |
|
|
|
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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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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