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AFTER MARKET UPDATE - WEDNESDAY, APRIL 13TH, 2016
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DOW |
+187.03 |
17,908.28 |
+1.06% |
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Volume |
983,790,030 |
+3% |
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Volume |
1,776,465,350 |
+10% |
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NASDAQ |
+75.33 |
4,947.42 |
+1.55% |
|
Advancers |
2,366 |
77% |
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Advancers |
2,258 |
78% |
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S&P 500 |
+20.70 |
2,082.42 |
+1.00% |
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Decliners |
689 |
23% |
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Decliners |
620 |
22% |
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Russell 2000 |
+24.21 |
1,129.93 |
+2.19% |
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52 Wk Highs |
109 |
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52 Wk Highs |
51 |
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S&P 600 |
+14.96 |
692.90 |
+2.21% |
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52 Wk Lows |
4 |
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52 Wk Lows |
13 |
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Breadth Positive as Major Averages Rose With Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were firmly higher on Wednesday. The Dow was up 187 points to 17908. The S&P 500 gained 20 points to 2082. The Nasdaq Composite added 75 points at 4947.The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 3-1 margin on the NYSE and on the Nasdaq exchange. There were 38 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 10 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average rallied toward its prior high.
The DOW, S&P 500 Index, and Nasdaq Composite rallied further above their respective 50-day and 200-day moving average (DMA) lines. Wednesday's expansion in new highs was a reassuring sign because any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The Featured Stocks Page includes current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. The S&P 500 climbed to a four-month high amid a rally in financial shares and optimistic data out of China. In economic news, the Fed’s Beige Book release showed the economy kept expanding in late February and March, despite weakness in the energy sector. A separate release showed that retail sales ticked down 0.3% last month versus expectations of a 0.1% increase. Asian shares rallied as Chinese exports rose in March for the first time in nine months.
Seven of 10 sectors in the S&P 500 finished the session in positive territory. Financial stocks paced the gains with JP Morgan (JPM +4.23%) up as the investment bank beat analyst earnings expectations. Bank of America (BAC +3.92%) rose ahead of its quarterly release before the open on Thursday. Telecom stocks lagged with Verizon (VZ -1.27%) fell as a group of the mobile carrier’s workers went on strike this morning. Treasuries finished mixed. The benchmark 10-year note added 3/32 to yield 1.77% amid a $20 billion auction of the maturity. In commodities, NYMEX WTI crude oil was down 1.5% to $41.54/barrel. COMEX gold lost 1% at $1246.80/ounce. In FOREX, the dollar moved sharply higher against the yen and euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech, Energy,and Retail Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +3.86%) and the Broker/Dealer Index ($XBD +4.16%) both ended solidly higher on Wednesday, and the Retail Index ($RLX +1.19%) also had a positive influence on the major averages. The Biotechnology Index ($BTK +2.22%), Semiconductor Index ($SOX +2.30%), and the Networking Index ($NWX +2.78%) posted unanimous gains. The Oil Services Index ($OSX +1.25%) and the Integrated Oil Index ($XOI +0.68%) were gainers. Meanwhile, the Gold & Silver Index ($XAU -1.86%) fell. Charts courtesy www.stockcharts.com
![]()  PICTURED: The Oil Services Index ($OSX +1.25%) rallied to challenge its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
163.79 |
+2.02 |
+1.25% |
+3.84% |
| Integrated Oil |
$XOI |
1,117.31 |
+7.52 |
+0.68% |
+4.16% |
| Semiconductor |
$SOX |
685.15 |
+15.41 |
+2.30% |
+3.27% |
| Networking |
$NWX |
358.78 |
+9.72 |
+2.78% |
-4.56% |
| Broker/Dealer |
$XBD |
164.42 |
+6.56 |
+4.16% |
-7.68% |
| Retail |
$RLX |
1,275.14 |
+15.00 |
+1.19% |
-0.65% |
| Gold & Silver |
$XAU |
78.43 |
-1.48 |
-1.85% |
+73.13% |
| Bank |
$BKX |
66.38 |
+2.47 |
+3.86% |
-9.17% |
| Biotech |
$BTK |
3,195.62 |
+69.44 |
+2.22% |
-16.21% |
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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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