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AFTER MARKET UPDATE - FRIDAY, APRIL 21ST, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
-30.95 |
20,547.76 |
-0.15% |
|
Volume |
1,138,642,960 |
+11% |
|
Volume |
1,563,601,850 |
-2% |
|
NASDAQ |
-6.26 |
5,910.52 |
-0.11% |
|
Advancers |
1,320 |
46% |
|
Advancers |
1,167 |
42% |
|
S&P 500 |
-7.15 |
2,348.69 |
-0.30% |
|
Decliners |
1,555 |
54% |
|
Decliners |
1,627 |
58% |
|
Russell 2000 |
-4.30 |
1,379.85 |
-0.31% |
|
52 Wk Highs |
108 |
|
|
52 Wk Highs |
94 |
|
|
S&P 600 |
-2.67 |
839.36 |
-0.32% |
|
52 Wk Lows |
16 |
|
|
52 Wk Lows |
39 |
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Major Indices Pulled Back Yet Posted Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.5%, the S&P 500 added 1%, and the Nasdaq climbed 0.8%. Stocks finished lower on Friday. The Dow was down 31 points to 20547 and the S&P 500 lost 7 points to 2348, both remaining below their respective 50-day moving average (DMA) lines. The Nasdaq Composite fell 6 points to 5910. The volume totals reported were mixed, higher than the prior session total on the NYSE and slightly lower on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. There were 53 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 69 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average churned heavier volume while remaining below its 50-day moving average (DMA) line. Subsequent losses leading to a violation of prior lows would raise greater concerns. The downward trendline and defines the next resistance level.
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 fluctuated in choppy trading as investors weighed commentary from President Donald Trump. On Friday, President Trump stated that his administration will unveil a “massive tax cut” in a new reform sometime in the near future. Overseas, European shares finished mixed amid uncertainty ahead of the first round of the French presidential election on Sunday. On the data front, research firm Markit revealed that U.S. manufacturing PMI came in at 52.8 in April, below expectations.
Nine of 11 sectors in the S&P 500 ended in negative territory. Telecom stocks declined with Verizon (VZ -2.40%) down for its second day of losses after releasing its quarterly report. Energy shares underperformed with Schlumberger (SLB -2.18%) down. In Industrials, General Electric (GE -2.38%) fell after reporting a sharp drop in cash flow for the quarter. Honeywell (HON +2.67%) gapped up andn hit a new all-time high with a solid quarterly performance on strong aerospace and energy sales. Utilities advanced on the session with NextEra Energy (NEE +1.64%) rose after reiterating its earnings outlook amid its failed merger with Oncor.
Treasuries finished mostly higher with the benchmark 10-year note up 2/32 to yield 2.23%. In commodities, NYMEX WTI crude retreated 2.2% to 49.59/barrel. In FOREX, the Dollar Index gained 0.2%. |
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 and Tech Indexes Lost Ground
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.82%) and the Broker/Dealer Index ($XBD -0.85%) both created a drag on the major indices on Friday. The Retail Index ($RLX +0.06%) finished flat. The tech sector had a slightly negative bias as the Semiconductor Index ($SOX -0.46%), Networking Index ($NWX -0.60%), and the Biotechnology Index ($BTK -1.14%) finished unanimously lower. The Gold & Silver Index ($XAU +0.08%) and the Integrated Oil Index ($XOI +0.11%) held their ground while the Oil Services Index ($OSX -1.37%) fell. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX -0.46%) finished the week above its 50-day moving average (DMA) line following a dip below that important short-term average.
| Oil Services |
$OSX |
157.02 |
-2.19 |
-1.38% |
-14.57% |
| Integrated Oil |
$XOI |
1,149.59 |
+1.29 |
+0.11% |
-9.34% |
| Semiconductor |
$SOX |
992.94 |
-4.61 |
-0.46% |
+9.54% |
| Networking |
$NWX |
444.90 |
-2.70 |
-0.60% |
-0.27% |
| Broker/Dealer |
$XBD |
210.08 |
-1.80 |
-0.85% |
+2.34% |
| Retail |
$RLX |
1,462.70 |
+0.94 |
+0.06% |
+8.91% |
| Gold & Silver |
$XAU |
86.84 |
+0.07 |
+0.08% |
+10.12% |
| Bank |
$BKX |
89.63 |
-0.74 |
-0.82% |
-2.35% |
| Biotech |
$BTK |
3,480.26 |
-40.26 |
-1.14% |
+13.18% |
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New Base Formed Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Insperity Inc (NSP -$0.95 or -1.06% to $88.65) has been quietly consolidating above its 50-day moving average (DMA) line. It is perched within close striking distance of its all-time high. Its color code was changed to yellow with a new pivot point cited based on its 3/15/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Old highs the $82 area define the next important support level to watch below its 50 DMA line. Subsequent losses leading to violations would trigger technical sell signals.
Its Timeliness Rating is A and its Sponsorship Rating is B. The high-ranked Commercial Services - Outsourcing firm was highlighted in the 2/14/17 mid-day report (read here) with a pivot point cited based on its 7/26/16 high plus 10 cents. A considerable volume-driven gain on 2/13/17 had triggered a technical buy signal. It was last shown in this FSU section on 3/22/17 with an annotated graph under the headline, "Ordinary Pullback From Highs With Lighter Volume".
It has tallied 4 consecutive strong earnings increases above the +25% minimum guideline (C criteria). It reported earnings +76% on +12% sales revenues for the Dec '16 quarter. Annual earnings (A criteria) history has improved after a downturn in FY '13.
The number of top-rated funds owning its shares rose from 319 in Mar '16 to 408 in Mar '17, a reassuring sign concerning the I criteria. Its small supply of only 15.1 million shares in the public float (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.
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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
|
$24.70
|
+0.16
0.65% |
$24.77
|
515,289
115.28% of 50 DAV
50 DAV is 447,000
|
$25.13
-1.71%
|
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
|
$25.75
|
-0.01
-0.04% |
$25.95
|
389,425
132.91% of 50 DAV
50 DAV is 293,000
|
$26.94
-4.41%
|
3/13/2017
|
$25.54
|
PP = $26.40
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|
MB = $27.72
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Most Recent Note - 4/20/2017 5:06:14 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line with above average volume behind today's 4th consecutive gain. Damaging losses below its recent low ($23.64 on 4/17/17) would raise more serious concerns.
>>> 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
|
$88.65
|
-0.95
-1.06% |
$89.43
|
91,691
59.16% of 50 DAV
50 DAV is 155,000
|
$90.55
-2.10%
|
4/21/2017
|
$88.65
|
PP = $90.65
|
|
MB = $95.18
|
Most Recent Note - 4/21/2017 5:58:55 PM
Y - Color code is changed to yellow with new pivot point cited based on its 3/15/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Found support while consolidating in an orderly fashion above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> 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
|
$66.04
|
-1.52
-2.25% |
$67.30
|
153,392
91.85% of 50 DAV
50 DAV is 167,000
|
$68.34
-3.37%
|
9/29/2016
|
$46.12
|
PP = $47.82
|
|
MB = $50.21
|
Most Recent Note - 4/20/2017 12:21:42 PM
G - Hitting a new all-time high with today's 4th consecutive gain on ever-increasing volume. Found prompt support after violating its 50 DMA line on 4/11/17. Recent low ($57.89 on 4/11/17) defines near-term support to watch on pullbacks. 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. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Support Shown Promptly After 50-Day Moving Average Violation - 4/19/2017 |
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C
A
S
I |
SIRI
-
NASDAQ
Sirius X M Holdings Inc
MEDIA - Broadcasting - Radio
|
$5.07
|
+0.00
0.00% |
$5.12
|
79,307,903
328.23% of 50 DAV
50 DAV is 24,162,000
|
$5.53
-8.32%
|
3/13/2017
|
$5.48
|
PP = $5.32
|
|
MB = $5.59
|
Most Recent Note - 4/21/2017 6:02:54 PM
G - Churned above average volume on 3 consecutive sessions while finding support near its 50 DMA line ($5.10). A rebound and close above its 50 DMA line is needed for its outlook to improve. More damaging losses below the recent low ($4.95 on 4/19/17) would raise greater concerns and trigger a more worrisome technical sell signal.
>>> 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
|
$30.95
|
-0.50
-1.59% |
$31.55
|
389,312
91.60% of 50 DAV
50 DAV is 425,000
|
$31.70
-2.37%
|
2/14/2017
|
$25.10
|
PP = $24.55
|
|
MB = $25.78
|
Most Recent Note - 4/20/2017 5:09:00 PM
G - Rallied today with average volume for 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
|
$279.50
|
+0.77
0.28% |
$281.03
|
502,889
77.27% of 50 DAV
50 DAV is 650,800
|
$289.27
-3.38%
|
3/6/2017
|
$274.96
|
PP = $278.73
|
|
MB = $292.67
|
Most Recent Note - 4/19/2017 12:47:41 PM
Y - A volume-driven loss today is raising concerns and testing prior highs in the $278 area defining important support along with its 50 DMA line ($279.61). More damaging losses leading to violations would raise concerns and trigger technical sell signals. Its Relative Strength rating has slumped to 79, just below the 80+ minimum guideline for buy candidates.
>>> 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
|
$37.62
|
-1.02
-2.64% |
$38.03
|
1,183,423
168.58% of 50 DAV
50 DAV is 702,000
|
$39.50
-4.76%
|
4/4/2017
|
$36.38
|
PP = $36.81
|
|
MB = $38.65
|
Most Recent Note - 4/21/2017 12:23:09 PM
Y - Color code is changed to yellow today after gapping down and trading below its "max buy" level. Its 50 DMA line ($36) and recent lows define important near-term support.
>>> 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
|
$51.83
|
-0.67
-1.28% |
$53.37
|
1,213,877
95.28% of 50 DAV
50 DAV is 1,274,000
|
$52.59
-1.45%
|
3/16/2017
|
$49.00
|
PP = $48.05
|
|
MB = $50.45
|
Most Recent Note - 4/20/2017 5:07:58 PM
G - Hit a new all-time high and finished near the session high with today's solid gain backed by above average volume. Prior highs in the $47-48 area define support coinciding with its 50 DMA line.
>>> 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
|
$136.66
|
+0.19
0.14% |
$136.75
|
421,580
48.07% of 50 DAV
50 DAV is 877,000
|
$137.09
-0.31%
|
4/17/2017
|
$132.75
|
PP = $135.27
|
|
MB = $142.03
|
Most Recent Note - 4/21/2017 6:06:40 PM
Y - Perched at its all-time high following 5 consecutive small gains with light volume. Wedged higher with gains lacking great volume conviction since forming an advanced "3-weeks tight" base. Gains with at least +40% above average volume while rising 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
|
$53.45
|
+0.65
1.23% |
$53.60
|
104,437
67.82% of 50 DAV
50 DAV is 154,000
|
$53.10
0.66%
|
4/17/2017
|
$51.75
|
PP = $53.10
|
|
MB = $55.76
|
Most Recent Note - 4/21/2017 6:08:30 PM
Y - Perched at its all-time high. Wedged higher with gains lacking great volume conviction after an advanced "3-weeks tight" base was noted. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($48.77) defines important near-term support to watch.
>>> 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
|
$79.18
|
+0.51
0.65% |
$79.65
|
157,929
92.36% of 50 DAV
50 DAV is 171,000
|
$79.94
-0.95%
|
4/17/2017
|
$76.77
|
PP = $80.04
|
|
MB = $84.04
|
Most Recent Note - 4/19/2017 4:28:30 PM
Y - Posted a gain with light volume, still building on a new flat base within close striking distance of its all-time high. New pivot point cited was 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 ($73.09) 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
|
$62.72
|
-0.05
-0.08% |
$62.98
|
398,887
48.70% of 50 DAV
50 DAV is 819,000
|
$63.13
-0.64%
|
2/23/2017
|
$55.41
|
PP = $58.35
|
|
MB = $61.27
|
Most Recent Note - 4/20/2017 5:02:49 PM
G - Matched its all-time high and ended at a best-ever close with average volume behind today's 5th consecutive gain. Its 50 DMA line ($58.90) defines near-term support to watch on pullbacks. Latest quarter was below the +25% minimum guideline (C criteria), raising fundametal concerns.
>>> 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
|
$36.95
|
+0.25
0.68% |
$37.35
|
738,933
126.31% of 50 DAV
50 DAV is 585,000
|
$36.75
0.54%
|
3/27/2017
|
$32.80
|
PP = $33.55
|
|
MB = $35.23
|
Most Recent Note - 4/20/2017 12:43:25 PM
G - Color code is changed to green after rallying above its "max buy" level for a new all-time high with today's 4th consecutive volume-driven gain. Bullish action has continued since 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
|
$38.32
|
+0.26
0.68% |
$38.54
|
3,210,198
62.82% of 50 DAV
50 DAV is 5,110,000
|
$39.25
-2.37%
|
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.
This report is a service available
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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
or 954-785-1121.
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