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AFTER MARKET UPDATE - MONDAY, APRIL 25TH, 2016
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DOW |
-26.51 |
17,977.24 |
-0.15% |
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Volume |
861,046,730 |
-14% |
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Volume |
1,446,088,410 |
-22% |
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NASDAQ |
-10.44 |
4,895.79 |
-0.21% |
|
Advancers |
996 |
33% |
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Advancers |
1,044 |
37% |
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S&P 500 |
-3.79 |
2,087.79 |
-0.18% |
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Decliners |
2,019 |
67% |
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Decliners |
1,783 |
63% |
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Russell 2000 |
-8.59 |
1,138.10 |
-0.75% |
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52 Wk Highs |
37 |
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52 Wk Highs |
42 |
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S&P 600 |
-5.86 |
696.24 |
-0.83% |
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52 Wk Lows |
4 |
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52 Wk Lows |
23 |
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Leadership Waned and Major Indices Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks recovered to finish modestly lower Monday. The Dow, which fell as many as 148 points, closed down 27 at 17977. The S&P 500 trimmed a 14 point loss to end the day off 4 to 2087. The Nasdaq Composite was off 10 points to 4895. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and by a 3-2 margin on the Nasdaq exchange. Leadership waned as there were 15 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 22 on the prior session. The new 52-week highs totals contracted again yet still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The S&P 500 Index ended -2.2% off its record high hit last May.
Members are reminded that any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The DOW, S&P 500 Index, and Nasdaq Composite have established confirmed uptrends and are above their respective 50-day and 200-day moving average (DMA) lines. 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 spent the session in negative territory as investors appeared cautious ahead of the start of the Fed’s two-day policy meeting tomorrow. On the earnings front, Xerox (XRX -13.3%) tumbled as results missed forecasts. Lab Corp (LAB +2.7%) rose after posting profits above projections. On the data front, new home sales unexpectedly fell 1.5% in March versus a projected 1.6% gain. In a separate release, the Dallas Fed reported activity contracted at a slower pace in April. Seven of 10 sectors in the S&P 500 finished down on the session. Energy was the worst-performing group amid a decline in oil prices. Transocean (RIG -4.9%) fell worse than Chevron (CVX -0.5%). Materials also weighed on the market as Freeport-McMoRan (FCX -2.7%) fell ahead of its earnings release Tuesday. Consumer Staples were the up the most with Kroger (KR +3.3%) and Tyson Foods (TSN +1.6%) both ending higher. Treasuries were lower for a sixth consecutive session. The benchmark 10-year note was down 6/32 to yield 1.91%. In commodities, NYMEX WTI crude declined 1.9% to $42.88/barrel. COMEX gold rose 0.8% to $1238.60/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials had a negative influence on the major indices on Monday as the Bank Index ($BKX -0.60%) and the Broker/Dealer Index ($XBD -1.23%) both fell, meanwhile the Retail Index ($RLX +0.08%) eked out another tiny gain.Commodity-linked groups were negative as the Gold & Silver Index ($XAU -0.86%), Oil Services Index ($OSX -2.25%) and Integrated Oil Index ($XOI -1.03%) each fell. The Networking Index ($NWX -0.18%), Semiconductor Index ($SOX -0.55%), and the Biotechnology Index ($BTK -0.59%) also ended unanimously lower, yet each loss less than -1% on the widely negative session. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU -0.86%) is consolidating after rebounding above its January '15 highs.
| Oil Services |
$OSX |
172.81 |
-3.99 |
-2.26% |
+9.56% |
| Integrated Oil |
$XOI |
1,153.43 |
-12.01 |
-1.03% |
+7.52% |
| Semiconductor |
$SOX |
665.32 |
-3.71 |
-0.55% |
+0.28% |
| Networking |
$NWX |
354.73 |
-0.63 |
-0.18% |
-5.64% |
| Broker/Dealer |
$XBD |
169.33 |
-2.11 |
-1.23% |
-4.92% |
| Retail |
$RLX |
1,274.69 |
+1.06 |
+0.08% |
-0.68% |
| Gold & Silver |
$XAU |
80.16 |
-0.70 |
-0.87% |
+76.95% |
| Bank |
$BKX |
69.74 |
-0.42 |
-0.60% |
-4.57% |
| Biotech |
$BTK |
3,259.41 |
-19.41 |
-0.59% |
-14.54% |
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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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