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AFTER MARKET UPDATE - TUESDAY, APRIL 5TH, 2016
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DOW |
-133.68 |
17,603.32 |
-0.75% |
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Volume |
1,048,978,600 |
+31% |
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Volume |
1,560,420,550 |
+0% |
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NASDAQ |
-47.87 |
4,843.93 |
-0.98% |
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Advancers |
883 |
29% |
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Advancers |
821 |
29% |
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S&P 500 |
-20.96 |
2,045.17 |
-1.01% |
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Decliners |
2,127 |
71% |
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Decliners |
1,985 |
71% |
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Russell 2000 |
-12.69 |
1,095.85 |
-1.14% |
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52 Wk Highs |
98 |
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52 Wk Highs |
20 |
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S&P 600 |
-8.08 |
672.61 |
-1.19% |
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52 Wk Lows |
20 |
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52 Wk Lows |
31 |
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Leadership Waned and Major Indices Fell With Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks retreated on Tuesday. The Dow was down 133 points to 17603. The S&P 500 lost 20 points to 2045. The Nasdaq Composite fell 47 points to 4843. The volume was reported higher on the NYSE and higher on the Nasdaq exchange, a sign of distributional pressure. Decliners led advancers by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 10 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 46 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 Dow Jones Industrial Average recently has been approaching its prior highs.
Further gains have helped the DOW, S&P 500 Index, and the Nasdaq Composite Index unanimously 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 declined for a second day after the International Monetary Fund raised concerns over global growth. IMF head Christine Lagarde said that, while the global recovery is continuing, it remains too slow and fragile. On the data front, service sector activity for March was revised to a 51.3 reading from 51.0. All 10 sectors in the S&P 500 finished lower on the session. Utilities, Financials and Health Care were the worst performing groups. Allergan (AGN -14.77%) fell after the Treasury Department announced new corporate inversion rules that could impact its merger with Pfizer (PFE +2.08%) State Street (STT -2.02%) fell after the Department of Justice charged two former executives with securities fraud. In earnings news, Walgreens (WBA -3.42%) after posting revenues below analyst estimates. Disney (DIS -1.70%) after announcing the departure of COO Tom Scaggs, who was believed to be the leading contender to replace current CEO Bob Iger. Treasuries finished higher as a perceived “risk off” trade took hold. The 10-year note was up 12/32 to yield 1.72%. In commodities, NYMEX WTI crude added 0.7% to $35.94/barrel. COMEX gold gained 1% to $1229.60/ounce. In FOREX, the dollar retreated against the yen but gained on emerging currencies. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver Index Rose Amid Widespread Group Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.63%), Bank Index ($BKX -1.93%) and the Retail Index ($RLX -0.76%) all had a negative influence on the major averages again on Tuesday. The Biotechnology Index ($BTK +0.18%) eked out a small gain, but the Networking Index ($NWX -0.91%) and the Semiconductor Index ($SOX -0.60%) both ended modestly lower. Commodity-linked shares were mixed as the Gold & Silver Index ($XAU +2.93%) rose but the Oil Services Index ($OSX -0.60%) and the Integrated Oil Index ($XOI -0.88%) both fell.Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -0.91%) recently met resistance at its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
151.14 |
-0.56 |
-0.37% |
-4.18% |
| Integrated Oil |
$XOI |
1,038.81 |
-9.22 |
-0.88% |
-3.16% |
| Semiconductor |
$SOX |
671.33 |
-4.06 |
-0.60% |
+1.18% |
| Networking |
$NWX |
356.40 |
-3.28 |
-0.91% |
-5.19% |
| Broker/Dealer |
$XBD |
157.13 |
-4.25 |
-2.63% |
-11.77% |
| Retail |
$RLX |
1,262.09 |
-9.68 |
-0.76% |
-1.67% |
| Gold & Silver |
$XAU |
69.61 |
+1.98 |
+2.93% |
+53.66% |
| Bank |
$BKX |
63.30 |
-1.24 |
-1.92% |
-13.38% |
| Biotech |
$BTK |
3,067.70 |
+5.42 |
+0.18% |
-19.57% |
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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