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AFTER MARKET UPDATE - TUESDAY, APRIL 12TH, 2016
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DOW |
+164.84 |
17,721.25 |
+0.94% |
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Volume |
951,024,610 |
+7% |
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Volume |
1,620,031,780 |
+15% |
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NASDAQ |
+38.69 |
4,872.09 |
+0.80% |
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Advancers |
2,405 |
80% |
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Advancers |
1,922 |
67% |
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S&P 500 |
+19.73 |
2,061.72 |
+0.97% |
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Decliners |
597 |
20% |
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Decliners |
933 |
33% |
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Russell 2000 |
+11.37 |
1,105.71 |
+1.04% |
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52 Wk Highs |
124 |
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52 Wk Highs |
33 |
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S&P 600 |
+6.62 |
677.94 |
+0.99% |
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52 Wk Lows |
10 |
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52 Wk Lows |
23 |
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Major Averages Rose With Higher Volume But Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were firmly higher on Tuesday. The Dow was up 164 points to 17721. The S&P 500 gained 19 points to 2061. The Nasdaq Composite added 38 points at 4872. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 4-1 margin on the NYSE and 2-1 on the Nasdaq exchange. Leadership thinned as 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 20 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Nasdaq Composite Index rebounded above its 200-day moving average (DMA) line with a gain on higher volume. The tech-heavy index is -6.9% off its all-time high hit in July 2015 and well below a multi-month downward trendline.
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 rallied as oil prices climbed to the highest level of 2016. NYMEX WTI crude jumped 4% to $41.95/barrel on reports that Saudi Arabia and Russia have reached an agreement in principle to freeze production. In other news, the International Monetary Fund (IMF) cut its 2016 forecast for global expansion to 3.2%, from the previously stated expectation of 3.4%. The IMF mentioned a potential “Brexit” vote in June’s EU referendum as a key risk in its latest World Economic Outlook. All 10 sectors in the S&P 500 finished the session in positive territory. Energy stocks paced the gains as Chesapeake (CHK +34.44%) and Southwest Energy (SWN +15.6%). Financial shares outperformed as well, with JP Morgan (JPM +1.86%) up ahead of its quarterly report before the bell on Wednesday. In earnings news, Alcoa (AA -2.67%) fell as the aluminum producer missed Wall Street revenue forecasts. Juniper Networks (JNPR -7.35%) declined after the company lowered forward profit projections. Treasuries declined with the benchmark 10-year note losing 14/32 to yield 1.78%. In FOREX, the dollar moved higher against the yen but weakened against the currencies of commodity producing nations. |
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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Energy-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Oil Services Index ($OSX +4.63%) and the Integrated Oil Index ($XOI +3.17%) were standout gainers. The Bank Index ($BKX +1.76%) and the Broker/Dealer Index ($XBD +2.12%) both ended higher on Tuesday, and the Retail Index ($RLX +1.27%) also had a positive influence on the major averages. The Biotechnology Index ($BTK +0.93%) led the tech sector while the Semiconductor Index ($SOX -0.13%) sputtered and held its ground but the Networking Index ($NWX -1.42%) slumped.Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU +1.63%) recently has been rallying near its January 2015 highs.
| Oil Services |
$OSX |
161.77 |
+7.16 |
+4.63% |
+2.56% |
| Integrated Oil |
$XOI |
1,109.79 |
+34.09 |
+3.17% |
+3.46% |
| Semiconductor |
$SOX |
669.74 |
-0.86 |
-0.13% |
+0.94% |
| Networking |
$NWX |
349.06 |
-5.04 |
-1.42% |
-7.15% |
| Broker/Dealer |
$XBD |
157.86 |
+3.27 |
+2.12% |
-11.36% |
| Retail |
$RLX |
1,260.14 |
+15.81 |
+1.27% |
-1.82% |
| Gold & Silver |
$XAU |
79.91 |
+1.28 |
+1.63% |
+76.40% |
| Bank |
$BKX |
63.92 |
+1.11 |
+1.77% |
-12.53% |
| Biotech |
$BTK |
3,126.17 |
+28.67 |
+0.93% |
-18.03% |
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Perched Near 52-Week High Following Recent Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
N V 5 Global Inc (NVEE -$0.07 or -0.26% to $26.64) erased an early gain today and finished at the session low for a small loss on lighter volume. It is perched within striking distance of a new 52-week and all-time high. It has been consolidating near its "max buy" level after rising from the previously cited base pattern.
It was last shown in this FSU section on 3/23/16 with an annotated graph under the headline, "Pullback Had Light Volume After Getting Extended From Prior Base", retreating back below its "max buy" level. It was highlighted with a pivot point based on its 12/02/15 high in the 3/14/16 mid-day report (read here) and then finished strong and triggered a technical buy signal while rising from an 8-month double bottom base with +142% above average volume.
Subsequent volume-driven gains into new high territory may signal that more serious institutional buying demand is still lurking and could mark the beginning of another substantial leg up in price, however, a new pivot point has not been cited.It completed a new Public Offering on 5/22/15. Reported earnings +32% on +47% sales revenues for the Dec '15 quarter. Prior quarterly earnings comparisons have been mostly above the +25% minimum guideline (C criteria), and its strong annual earnings (A criteria) history helps it match the fundamental guidelines of the fact-based investment system. The number of top-rated funds owning its shares rose from 13 in Mar '15 to to 121 in Mar '16. Its current Up/Down Volume Ratio of 1.9 is an unbiased sign of institutional buying demand over the past 50 days, another reassuring sign concerning the I criteria. Charts courtesy www.stockcharts.com
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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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