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AFTER MARKET UPDATE - FRIDAY, APRIL 15TH, 2016
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DOW |
-28.97 |
17,897.46 |
-0.16% |
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Volume |
1,015,259,470 |
+15% |
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Volume |
1,538,436,720 |
+2% |
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NASDAQ |
-7.67 |
4,938.22 |
-0.16% |
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Advancers |
1,608 |
54% |
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Advancers |
1,386 |
49% |
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S&P 500 |
-2.05 |
2,080.73 |
-0.10% |
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Decliners |
1,392 |
46% |
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Decliners |
1,445 |
51% |
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Russell 2000 |
+2.33 |
1,130.92 |
+0.21% |
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52 Wk Highs |
79 |
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52 Wk Highs |
57 |
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S&P 600 |
+1.33 |
692.63 |
+0.19% |
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52 Wk Lows |
3 |
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52 Wk Lows |
18 |
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Leadership Was Lighter as Indices Ended a Positive Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow and Nasdaq Composite both rose 1.8% and the S&P 500 gained 1.6%. Stocks finished lower Friday. The Dow lost 29 points to 17897. The S&P 500 slipped 2 points to 2080. The Nasdaq Composite declined 8 points to 4938. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the NYSE but decliners led advancers by narrow margin on the Nasdaq exchange. There were 23 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 39 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's 2-year chart shows where it faces resistance at prior highs and a downward trendline.
The DOW, S&P 500 Index, and Nasdaq Composite rallied further above their respective 50-day and 200-day moving average (DMA) lines. This week's expansion in new highs is 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 major averages edged down in a choppy trading session as investors weighed a drop in oil against positive earnings from the Financial sector. On the data front, industrial production fell 0.6% in March and capacity utilization decreased to 74.8%. A separate report showed activity in the Fed’s New York region expanded at a faster pace in April. The University of Michigan’s survey showed consumer sentiment unexpectedly fell to a seven-month low of 89.7 this month. Citigroup (C -0.13%) erased gains to close down even as profits topped estimates. Regions Financial (RF +3.07%) rose after quarterly results beat estimates. Energy was the worst-performing sector, shedding more than 1.0% on the session. Marathon Petroleum (MPC -3.86%) and Phillips 66 (PSX -2.38%) fell. Utilities were the best-performing group led by NRG Energy (NRG +2.55%). Treasuries advanced following the disappointing manufacturing data. Benchmark 10-year notes increased 11/32 to yield 1.75%. In commodities, NYMEX WTI crude shed 2.8% to $40.34/barrel ahead of Sunday’s meeting of major oil producers to discuss a possible output freeze. COMEX gold added 0.7% to $1233.10/ounce amid a weaker dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.52%) and the Broker/Dealer Index ($XBD -1.38%) created a drag while the Retail Index ($RLX +0.62%) had a positive influence on the major averages on Friday. The Networking Index ($NWX -2.13%) led the tech sector's retreat while the Semiconductor Index ($SOX -0.85%) suffered a smaller loss and the Biotechnology Index ($BTK -0.09%),finished flat. Commodity-linked groups were mixed as the Oil Services Index ($OSX -1.17%) and the Integrated Oil Index ($XOI -1.73%) fell while the Gold & Silver Index ($XAU +2.57%) was a standout gainer. Charts courtesy www.stockcharts.com
 PICTURED: The Integrated Oil Index ($XOI -1.73%) fell on Friday, ending the week below its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
160.67 |
-1.89 |
-1.16% |
+1.86% |
| Integrated Oil |
$XOI |
1,102.69 |
-19.46 |
-1.73% |
+2.79% |
| Semiconductor |
$SOX |
673.49 |
-5.79 |
-0.85% |
+1.51% |
| Networking |
$NWX |
350.95 |
-7.65 |
-2.13% |
-6.64% |
| Broker/Dealer |
$XBD |
162.45 |
-2.27 |
-1.38% |
-8.78% |
| Retail |
$RLX |
1,287.65 |
+7.94 |
+0.62% |
+0.33% |
| Gold & Silver |
$XAU |
77.92 |
+1.95 |
+2.57% |
+72.01% |
| Bank |
$BKX |
66.70 |
-0.35 |
-0.52% |
-8.73% |
| Biotech |
$BTK |
3,197.35 |
-2.72 |
-0.09% |
-16.17% |
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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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