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AFTER MARKET UPDATE - MONDAY, MAY 2ND, 2016
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DOW |
+117.52 |
17,891.16 |
+0.66% |
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Volume |
960,610,480 |
-24% |
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Volume |
1,717,863,220 |
-20% |
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NASDAQ |
+42.23 |
4,817.59 |
+0.88% |
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Advancers |
1,906 |
63% |
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Advancers |
1,810 |
60% |
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S&P 500 |
+16.13 |
2,081.43 |
+0.78% |
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Decliners |
1,106 |
37% |
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Decliners |
1,217 |
40% |
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Russell 2000 |
+10.08 |
1,140.92 |
+0.89% |
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52 Wk Highs |
141 |
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52 Wk Highs |
60 |
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S&P 600 |
+5.47 |
700.03 |
+0.79% |
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52 Wk Lows |
8 |
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52 Wk Lows |
30 |
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Major Averages Rose With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were higher on Monday. The Dow was up 117 points to 17891. The S&P 500 added 16 points to 2081 and the Nasdaq Composite climbed 42 points to 4817. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 20 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 15 on the prior session. The new 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average is consolidating well above its 50-day moving average (DMA) line. The Blue Chip index is -2.5% off its record high hit last May.
The market is maintaining a confirmed uptrend (M criteria) while the DOW and S&P 500 Index are consolidating above their respective 50-day and 200-day moving average (DMA) lines. Sustained rallies require a healthy crop of leaders (stocks hitting new highs) so the recent expansion in new highs was a reassuring sign. However, very few issues have appeared to meet the fact-based investment system's guidelines or make meaningful headway in recent weeks. 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 advanced to begin May as investors gauged corporate earnings reports and disappointing numbers on the data front. In economic news, the ISM’s survey of U.S. manufacturing fell to 50.8 in April, below expectations of 51.4 and last month’s 51.8 reading. Markit’s US manufacturing survey also yielded a 50.8 reading. All 10 sectors in the S&P 500 finished the session in positive territory. Consumer discretionary stocks paced the gains as Wynn Resorts (WYNN +6.77%) and Amazon.com (AMZN +3.68%) rose. Consumer staples shares outperformed as well, with Sysco (SYY +5.51%) rose as the food distributor’s earnings topped estimates. Helmerich & Payne (HP -4.64%) weighed down the Energy sector. AIG (AIG +1.38%) rose ahead of its scheduled release after the bell. In M&A news, Halliburton (HAL +1.79%) rose and Baker Hughes (BHI -1.99%) fell after the companies called off a $28 billion merger amid stiff resistance from regulators on antitrust concerns. Treasuries declined with the benchmark 10-year note losing 8/32 to yield 1.86%. In commodities, NYMEX WTI crude fell 2.2% to $44.90/barrel. COMEX gold added 0.2% to $1292.50/ounce. In FOREX, the dollar weakened against the euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Semiconductor and Biotech Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.82%) also had a positive influence on the major averages on Monday and the Bank Index ($BKX +0.89%) and Broker/Dealer Index ($XBD +0.94%) both posted gains. The tech sector was mixed as the Semiconductor Index ($SOX +0.76%) and the Biotechnology Index ($BTK +1.10%) both posted gains, but the Networking Index ($NWX -0.52%) ended the session with a loss. The Gold & Silver Index ($XAU -2.287%) backpedaled as the Oil Services Index ($OSX -1.37%) and the Integrated Oil Index ($XOI -0.21%) also fell. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX +0.76%) violated its 50-day moving average (DMA) line with Friday's big loss, now sputtering above its 200 DMA line.
| Oil Services |
$OSX |
177.85 |
-2.47 |
-1.37% |
+12.76% |
| Integrated Oil |
$XOI |
1,157.80 |
-2.47 |
-0.21% |
+7.93% |
| Semiconductor |
$SOX |
650.27 |
+4.93 |
+0.76% |
-1.99% |
| Networking |
$NWX |
353.24 |
-1.84 |
-0.52% |
-6.03% |
| Broker/Dealer |
$XBD |
163.57 |
+1.52 |
+0.94% |
-8.15% |
| Retail |
$RLX |
1,305.59 |
+23.28 |
+1.82% |
+1.72% |
| Gold & Silver |
$XAU |
90.73 |
-2.12 |
-2.28% |
+100.29% |
| Bank |
$BKX |
69.70 |
+0.61 |
+0.88% |
-4.63% |
| Biotech |
$BTK |
3,118.37 |
+34.01 |
+1.10% |
-18.24% |
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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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