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AFTER MARKET UPDATE - MONDAY, APRIL 11TH, 2016
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DOW |
-20.55 |
17,556.41 |
-0.12% |
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Volume |
888,636,980 |
+8% |
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Volume |
1,413,672,380 |
-3% |
|
NASDAQ |
-17.29 |
4,833.40 |
-0.36% |
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Advancers |
1,798 |
59% |
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Advancers |
1,400 |
49% |
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S&P 500 |
-5.61 |
2,041.99 |
-0.27% |
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Decliners |
1,226 |
41% |
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Decliners |
1,437 |
51% |
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Russell 2000 |
-2.97 |
1,094.34 |
-0.27% |
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52 Wk Highs |
112 |
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52 Wk Highs |
44 |
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S&P 600 |
-1.10 |
671.32 |
-0.16% |
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52 Wk Lows |
10 |
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52 Wk Lows |
28 |
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Major Averages Erased Gains to Finish Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Monday. The Dow, which rose as many as 155 points, ended the session down 21 at 17556. The S&P 500 was off 6 points to 2041. The Nasdaq Composite returned a 47 point advance to end down 17 at 4833. The volume totals were reported mixed, higher on the NYSE and lower on the Nasdaq exchange. Advancers led decliners by nearly a 3-2 margin on the NYSE, meanwhile the mix was nearly even on the Nasdaq exchange. Leadership improved as there were 20 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 14 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The S&P 500 Index is -4.3% off its all-time high hit in May 2015. It has rebounded well above its 50-day and 200-day moving average (DMA) lines and has been approaching prior highs.
The DOW and S&P 500 Index both remain above their respective 50-day and 200-day moving average (DMA) lines. The major averages (M criteria) have recently encountered pressure. For any rally to be sustained it requires a healthy crop of leaders (stocks hitting new highs). 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 gave back early gains as investors appeared to turn cautious ahead of the start of first-quarter earnings season. Projections are for S&P 500 profits to decline 10.1% year-over-year for the period, according to Bloomberg data. In M&A news, Yahoo! (YHOO +1.14) rose following news that the U.K.’s Daily Mail is considering making a bid to purchase the company’s media assets. Railroad operator Norfolk Southern (NSC -2.71%) fell after Canadian Pacific (CP +3.40%) ended its attempt to acquire its rival. Eight of 10 sectors were down on the session. Consumer Staples was the worst performing with Kroger (KR -2.16%) falling. Health Care was lower as biotech fell for a third-straight day. Endo International (ENDP -8.02%) paced the group’s retreat. Materials were the best performing group. Alcoa (AA +3.95%), which unofficially kicks off reporting season, rose before its results after the close. Financials were higher with insurer Prudential (PRU +1.95%) rising. Treasuries were little changed with the 10-year note slipping 1/32 to yield 1.72%. In commodities, NYMEX WTI crude rose 1.7% to $40.41.barrel. COMEX gold gained 1.1% to $1256.40/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver Index Posts Standout Gain and Financial Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +6.23%) was a standout gainer and the Bank Index ($BKX +0.75%) and the Broker/Dealer Index ($XBD +0.62%) both ended higher on Monday, meanwhile the Retail Index ($RLX -0.48%) had a negative influence on the major averages. The Biotechnology Index ($BTK -1.48%) dragged on the tech sector and the Networking Index ($NWX -0.57%) edged lower, meanwhile, the Semiconductor Index ($SOX -0.11%) did a better job of holding its ground. The Oil Services Index ($OSX +0.04%) and the Integrated Oil Index ($XOI -0.34%) were little changed. Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD +0.62%) is consolidating above its 50-day moving average (DMA) line, still well below its 200 DMA line and a downward trendline.
| Oil Services |
$OSX |
154.61 |
+0.06 |
+0.04% |
-1.98% |
| Integrated Oil |
$XOI |
1,075.70 |
-3.65 |
-0.34% |
+0.28% |
| Semiconductor |
$SOX |
670.60 |
-0.71 |
-0.11% |
+1.07% |
| Networking |
$NWX |
354.10 |
-2.04 |
-0.57% |
-5.81% |
| Broker/Dealer |
$XBD |
154.58 |
+0.95 |
+0.62% |
-13.20% |
| Retail |
$RLX |
1,244.33 |
-5.97 |
-0.48% |
-3.05% |
| Gold & Silver |
$XAU |
78.63 |
+4.61 |
+6.23% |
+73.58% |
| Bank |
$BKX |
62.81 |
+0.47 |
+0.75% |
-14.05% |
| Biotech |
$BTK |
3,097.50 |
-57.94 |
-1.84% |
-18.79% |
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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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