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AFTER MARKET UPDATE - TUESDAY, APRIL 18TH, 2017
Previous After Market Report Next After Market Report >>>
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|
DOW |
-113.64 |
20,523.28 |
-0.55% |
|
Volume |
889,629,210 |
+4% |
|
Volume |
1,473,564,060 |
+18% |
|
NASDAQ |
-7.32 |
5,849.47 |
-0.12% |
|
Advancers |
1,370 |
48% |
|
Advancers |
1,227 |
44% |
|
S&P 500 |
-6.82 |
2,342.19 |
-0.29% |
|
Decliners |
1,512 |
52% |
|
Decliners |
1,564 |
56% |
|
Russell 2000 |
+0.71 |
1,361.89 |
+0.05% |
|
52 Wk Highs |
91 |
|
|
52 Wk Highs |
48 |
|
|
S&P 600 |
+0.95 |
826.19 |
+0.12% |
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52 Wk Lows |
22 |
|
|
52 Wk Lows |
53 |
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Indices Fell But Leadership Showed a Modest Increase
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow was down 113 points to 20523 and the S&P 500 lost 6 points to 2342, both remaining below their respective 50-day moving average (DMA) lines. The Nasdaq Composite fell 7 points to 5849 yet remained above its 50 DMA line. The volume totals reported were higher than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was slightly negative as decliners led advancers by a 4-3 margin on the Nasdaq exchange and by a narrower margin on the NYSE. Leadership improved as there were 33 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 19 on the prior session. New 52-week highs totals still outnumbered new 52-week lows on the NYSE, but new lows again outnumbered new highs on the Nasdaq exchange.
PICTURED: The S&P 500 Index slumped below its 50-day moving average (DMA) line and has been enduring distributional pressure indicated by recent losses on higher volume, and gains with lighter volume. Subsequent losses leading to a violation of the recent low would raise greater concerns regarding the market rally's health.
The major averages' (M criteria) uptrend has recently been under pressure. Focus should also remain on the number of high-ranked stocks hitting new highs in the days ahead. For any meaningful market rally there must be healthy crop of leadership (many stocks hitting new highs). The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages declined on the session Tuesday amid a disappointing start to first quarter earnings season. Goldman Sachs (GS -4.72%) fell after the investment bank reported a rare miss on the top and bottom line. On the data front, industrial production increased 0.5% in March, in-line with expectations. Separately, housing starts fell 6.8% while building permits rose 3.6% last month. Overseas, U.S. Vice President Mike Pence met with Japanese Prime Minister Shinzo Abe regarding the possible restriction of North Korea’s nuclear ambitions.
Six of 11 sectors in the S&P 500 ended in negative territory. Financials underperformed with Bank of America (BAC -0.44%) edging lower despite first quarter profits climbing nearly 40% year-over-year. Health Care stocks declined with Cardinal Health (CAH -11.54%) down after purchasing a patent portfolio from Medtronic (MDT -0.04%) for $6.1 billion. Johnson & Johnson (JNJ -3.10%) fell as quarterly revenue came in below Street forecasts. UnitedHealth Group (UNH +0.84%) was a notable gainer as the health insurer raised its full-year outlook.
Treasuries rallied higher with the benchmark 10-year note up 22/32 to yield 2.17%. In commodities, NYMEX WTI crude lost 0.1% to $52.61/barrel. COMEX gold added 0.2% to $1291.70/ounce. In FOREX, the Dollar Index retreated 0.8%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Semiconductor Index Rose While Most Groups Lost Ground
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -1.02%) and the Broker/Dealer Index ($XBD -0.32%) fell while the Retail Index ($RLX -0.01%) finished flat on Tuesday. The tech sector saw a small gain from the Semiconductor Index ($SOX +0.42%) but the Networking Index ($NWX -0.12%) edged lower and the Biotechnology Index ($BTK -1.33%) slumped more than -1%. The Oil Services Index ($OSX -0.80%) and the Integrated Oil Index ($XOI -1.31%) both had a negative bias while the Gold & Silver Index ($XAU -0.22%) finished with a smaller loss. Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX -0.01%) found support at its 50-day moving average (DMA) line during recent consolidations.
| Oil Services |
$OSX |
163.29 |
-1.33 |
-0.81% |
-11.15% |
| Integrated Oil |
$XOI |
1,161.27 |
-15.37 |
-1.31% |
-8.42% |
| Semiconductor |
$SOX |
976.67 |
+4.11 |
+0.42% |
+7.74% |
| Networking |
$NWX |
443.17 |
-0.52 |
-0.12% |
-0.66% |
| Broker/Dealer |
$XBD |
205.76 |
-0.65 |
-0.32% |
+0.23% |
| Retail |
$RLX |
1,449.15 |
-0.12 |
-0.01% |
+7.91% |
| Gold & Silver |
$XAU |
89.16 |
-0.20 |
-0.22% |
+13.06% |
| Bank |
$BKX |
88.77 |
-0.92 |
-1.03% |
-3.29% |
| Biotech |
$BTK |
3,482.80 |
-47.00 |
-1.33% |
+13.26% |
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Hovering Near High, Stubbornly Holding its Ground
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Veeva Systems Inc Cl A (VEEV -$0.49 or -0.96% to $50.31) has been hovering near its previously cited "max buy" level and perched near its all-time high, stubbornly holding its ground with volume totals cooling. Prior highs in the $47-48 area define support coinciding with its 50-day moving average (DMA) line ($47.17). Deterioration below those levels would trigger technical sell signals. Disciplined investors following the fact-based investment system know to always make buys within 5% of prior highs, and they always sell if any stock falls more than -7% from their purchase price.
VEEV hit a new 52-week high with a gain backed by more than 3 times average volume triggering a technical buy signal when last shown in this FSU section on 3/16/17 with an annotated graph under the headline, "Breakout Gain for New Highs Backed by Three Times Average Volume". It was highlighted in yellow with new pivot point cited based on its 11/30/16 high plus 10 cents in the earlier mid-day report (read here).
The high-ranked Computer Software 0 Medical firm reported earnings +47% on +31% sales revenues for the Jan '17 quarter, and 3 of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong. It has the highest possible 99 Earnings Per Share (EPS) rank and it has a 95 Relative Strength (RS) rating. Both of those ratings must be above 80 for a stock to meet the guidelines for consideration.
The number of top-rated funds owning its shares rose from 340 in Mar '16 to 469 in Mar '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. |
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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***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
SBCF
-
NASDAQ
Seacoast Banking Corp Fl
BANKING - Regional - Mid-Atlantic Banks
|
$23.53
|
+0.05
0.21% |
$23.57
|
162,638
36.55% of 50 DAV
50 DAV is 445,000
|
$25.13
-6.37%
|
2/13/2017
|
$24.84
|
PP = $23.10
|
|
MB = $24.26
|
Most Recent Note - 4/18/2017 2:26:15 PM
G - Consolidating just below its 50 DMA line ($23.57). Gains above that important short-term average would help its outlook improve. Subsequent deterioration below the recent low ($21.89 on 3/22/17) would raise more serious concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Rebound After Slump Below 50-Day Average Into Prior Base - 3/28/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
|
$24.12
|
+0.08
0.33% |
$24.34
|
195,377
68.31% of 50 DAV
50 DAV is 286,000
|
$26.94
-10.46%
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3/13/2017
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$25.54
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PP = $26.40
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|
MB = $27.72
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Most Recent Note - 4/17/2017 5:48:46 PM
G - Managed a "positive reversal" today after briefly undercutting its recent low ($23.70 on 3/27/17). More damaging losses would raise even greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Positive Reversal After Intra-day Low Undercut Prior Lows - 4/17/2017 |
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C
A
S
I |
NSP
-
NYSE
Insperity Inc
Comml Svcs-Outsourcing
|
$88.05
|
+1.15
1.32% |
$88.30
|
96,398
61.79% of 50 DAV
50 DAV is 156,000
|
$90.55
-2.76%
|
2/14/2017
|
$84.30
|
PP = $82.28
|
|
MB = $86.39
|
Most Recent Note - 4/18/2017 1:54:00 PM
G - Color code is changed to green after rising back above its "max buy" level. Found support while consolidating in an orderly fashion above its 50 DMA line. Old highs the $82 area define the next important support level to watch.
>>> FEATURED STOCK ARTICLE : Ordinary Pullback From Highs With Lighter Volume - 3/22/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$62.93
|
+2.68
4.45% |
$63.09
|
190,949
122.40% of 50 DAV
50 DAV is 156,000
|
$64.32
-2.16%
|
9/29/2016
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$46.12
|
PP = $47.82
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|
MB = $50.21
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Most Recent Note - 4/18/2017 5:39:37 PM
G - Posted a big gain today with higher volume for its second-best close ever. Found prompt support near its 50 DMA line ($59.06) after damaging losses last week. Subsequent losses below the 50 DMA line and recent low ($57.89 on 4/11/17) would raise greater concerns and trigger a more worrisome technical sell signal. Repeatedly noted with caution - "The 2 latest quarterly comparisons (Sep and Dec '16) were below the +25% minimum earnings guideline (C criteria), and its waning sales revenues growth rate was also noted recently as a fundamental concern.
>>> FEATURED STOCK ARTICLE : Bullish Action Led to +54% Rally Since First Featured - 3/17/2017 |
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C
A
S
I |
SIRI
-
NASDAQ
Sirius X M Holdings Inc
MEDIA - Broadcasting - Radio
|
$5.06
|
+0.01
0.20% |
$5.10
|
20,334,761
88.59% of 50 DAV
50 DAV is 22,953,000
|
$5.53
-8.50%
|
3/13/2017
|
$5.48
|
PP = $5.32
|
|
MB = $5.59
|
Most Recent Note - 4/18/2017 2:28:29 PM
Y - Managed a "positive reversal" today after briefly and quietly undercutting its 50 DMA line ($5.08) and recent low ($5.04 on 3/27/17). More damaging losses would raise greater concerns. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Near-Term Support Level - 4/13/2017 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$30.50
|
-0.30
-0.97% |
$30.85
|
234,107
55.74% of 50 DAV
50 DAV is 420,000
|
$31.70
-3.79%
|
2/14/2017
|
$25.10
|
PP = $24.55
|
|
MB = $25.78
|
Most Recent Note - 4/17/2017 5:47:22 PM
G - Gain today with below average volume led to a best-ever close. Disciplined investors avoid chasing extended stocks. During recent consolidations it found support well above its 50 DMA line and above prior highs in the $24 area.
>>> FEATURED STOCK ARTICLE : Perched Near High, Extended From Prior Base - 4/3/2017 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$282.86
|
-0.31
-0.11% |
$284.18
|
291,893
54.26% of 50 DAV
50 DAV is 538,000
|
$289.27
-2.22%
|
3/6/2017
|
$274.96
|
PP = $278.73
|
|
MB = $292.67
|
Most Recent Note - 4/17/2017 5:59:57 PM
Y - Still consolidating near its all-time high with volume totals cooling. Its Relative Strength rating has slumped to 78, below the 80+ minimum guideline for buy candidates. Prior highs in the $278 area define support along with its 50 DMA line. Subsequent losses leading to violations would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling Following Technical Breakout - 4/7/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$37.94
|
+0.13
0.34% |
$38.02
|
268,889
38.91% of 50 DAV
50 DAV is 691,000
|
$38.53
-1.53%
|
4/4/2017
|
$36.38
|
PP = $36.81
|
|
MB = $38.65
|
Most Recent Note - 4/17/2017 6:08:19 PM
Y - Finished near the session high today with a big gain on lighter volume for its second-best close ever. Its 50 DMA line ($35.83) and recent lows define important near-term support. Recently rose above the new pivot point cited based on its 3/16/17 high, the middle peak of the "double bottom" base formed over the prior 8 weeks.
>>> FEATURED STOCK ARTICLE : Quiet Volume Behind Gain for New High Close - 4/10/2017 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$50.31
|
-0.49
-0.96% |
$50.68
|
838,544
67.41% of 50 DAV
50 DAV is 1,244,000
|
$51.95
-3.16%
|
3/16/2017
|
$49.00
|
PP = $48.05
|
|
MB = $50.45
|
Most Recent Note - 4/18/2017 5:37:53 PM
G - Still hovering near its all-time high, stubbornly holding its ground. Prior highs in the $47-48 area define support coinciding with its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near High, Stubbornly Holding its Ground - 4/18/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$132.96
|
+0.21
0.16% |
$133.65
|
322,423
37.15% of 50 DAV
50 DAV is 868,000
|
$135.27
-1.71%
|
4/17/2017
|
$132.75
|
PP = $135.27
|
|
MB = $142.03
|
Most Recent Note - 4/17/2017 5:45:41 PM
Y - Volume totals have been cooling while stubbornly holding its ground, remaining perched near its all-time high. It has formed an advanced "3-weeks tight" base and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited would trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After a Considerable Rally - 4/5/2017 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$51.95
|
+0.20
0.39% |
$52.05
|
60,532
39.56% of 50 DAV
50 DAV is 153,000
|
$53.00
-1.98%
|
4/17/2017
|
$51.75
|
PP = $53.10
|
|
MB = $55.76
|
Most Recent Note - 4/17/2017 5:52:59 PM
Y - Volume totals have been cooling while hovering in a tight range near its all-time high. It recently formed an advanced "3-weeks tight" base and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($47.83) defines initial support to watch above prior highs in the $44 area.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High Following Volume-Driven Gains - 4/4/2017 |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$75.68
|
-1.09
-1.42% |
$77.08
|
112,026
66.29% of 50 DAV
50 DAV is 169,000
|
$79.94
-5.33%
|
4/17/2017
|
$76.77
|
PP = $80.04
|
|
MB = $84.04
|
Most Recent Note - 4/17/2017 5:57:11 PM
Y - Trading light volume while building a new flat base within close striking distance of its all-time high. Color code is changed to yellow with new pivot point cited based on its 3/01/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($72.66) defines near-term support to watch above prior highs in the $69 area.
>>> FEATURED STOCK ARTICLE : Best Ever Close For High-Ranked Medical Product Maker - 3/31/2017 |
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C
A
S
I |
PLAY
-
NASDAQ
Dave & Buster's Ent Inc
Retail-Restaurants
|
$60.44
|
+0.16
0.27% |
$60.73
|
343,728
42.38% of 50 DAV
50 DAV is 811,000
|
$63.12
-4.25%
|
2/23/2017
|
$55.41
|
PP = $58.35
|
|
MB = $61.27
|
Most Recent Note - 4/18/2017 2:23:15 PM
G - Holding its ground within striking distance of its all-time high. Reported earnings +19% on +15% sales revenues for the Jan '17 quarter, below the +25% minimum guideline (C criteria). Its 50 DMA line ($58.55) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Retreated From All-Time High Following Earnings Report - 3/29/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$35.40
|
+0.50
1.43% |
$35.45
|
1,336,602
240.83% of 50 DAV
50 DAV is 555,000
|
$35.80
-1.12%
|
3/27/2017
|
$32.80
|
PP = $33.55
|
|
MB = $35.23
|
Most Recent Note - 4/18/2017 12:29:56 PM
Y - Perched near its all-time high following a big volume-driven gain and best-ever close. Stubbornly holding its ground after reporting earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : No Resistance Remains and Earnings News is Due - 3/27/2017 |
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C
A
S
I |
MOMO
-
NASDAQ
Momo Inc Ads Cl A
INTERNET - Content
|
$36.77
|
-1.63
-4.24% |
$38.14
|
5,400,811
109.71% of 50 DAV
50 DAV is 4,923,000
|
$39.25
-6.32%
|
3/7/2017
|
$29.71
|
PP = $27.83
|
|
MB = $29.22
|
Most Recent Note - 4/18/2017 12:27:35 PM
G - Hovering near its all-time high, very extended from the previously noted base. Its 50 DMA line ($31) and prior highs in the $28 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 4/6/2017 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
|
|
|
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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You may opt-out of receiving report notifications
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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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