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AFTER MARKET UPDATE - THURSDAY, MAY 5TH, 2016
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DOW |
+9.45 |
17,660.71 |
+0.05% |
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Volume |
949,846,620 |
-4% |
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Volume |
1,736,559,370 |
-2% |
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NASDAQ |
-8.55 |
4,717.09 |
-0.18% |
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Advancers |
1,419 |
48% |
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Advancers |
1,126 |
38% |
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S&P 500 |
-0.49 |
2,050.63 |
-0.02% |
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Decliners |
1,550 |
52% |
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Decliners |
1,864 |
62% |
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Russell 2000 |
-5.19 |
1,107.95 |
-0.47% |
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52 Wk Highs |
158 |
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52 Wk Highs |
38 |
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S&P 600 |
-4.28 |
682.04 |
-0.62% |
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52 Wk Lows |
24 |
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52 Wk Lows |
57 |
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Volume Cooled as Major Averages Ended Mixed and Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were little-changed on Thursday. The Dow ticked 9 points higher to 17660. The S&P 500 traded flat at 2050 and the Nasdaq was down 8 points to 4717. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE and 3-2 on the Nasdaq exchange. Leadership improved as there were 24 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 11 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows again outnumbered new highs on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line. It is -3.8% off its record high hit on May 19, 2015.
The market's confirmed uptrend (M criteria) has come under pressure recently while the DOW and S&P 500 Index are now consolidating just above their respective 50-day and 200-day moving average (DMA) lines. Sustained rallies require a healthy crop of leaders (stocks hitting new highs). 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 fluctuated on light volume ahead of tomorrow's non-farm labor report. On the data front today, initial jobless claims came in at 274,000, higher than analyst expectations of 260,000. The Fed will be in focus this evening with a panel discussion between regional Presidents Bullard, Kaplan, Lockhart and Williams on the U.S. economic outlook and monetary policy. Six of 10 sectors in the S&P 500 finished in negative territory with Consumer Discretionary and Telecom stocks leading the losses. In earnings, Alibaba (BABA +3.97%) rose as the Chinese online retail giant posted better-than-expected quarterly sales. Kraft Heinz (KHZ +3.74%) rose after beating Wall Street consensus on the top and bottom line. L Brands (LB -12.04%) fell as the retailer reported disappointing April sales numbers. AmerisourceBergen (ABC -7.46%) sank after cutting its full-year forecast amid generic drug pricing pressure. Treasuries rallied late in the session with the benchmark 10-year note adding 11/32 to yield 1.74%. In commodities, NYMEX WTI crude advanced 1.2% to $44.31/barrel. COMEX gold was up 0.3% to $1277.80/ounce. In FOREX, the Dollar Index jumped 0.6% with particular strength against the euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail Index Created Drag; Gold & Silver Index a Standout Gainer
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.51%) had a negative influence on the major averages and the Bank Index ($BKX -0.31%) and Broker/Dealer Index ($XBD -0.30%) both edged lower. The tech sector was mixed and quiet as the Biotechnology Index ($BTK +0.22%) and Semiconductor Index ($SOX +0.30%) both posted small gains but the Networking Index ($NWX -0.37%) edged lower. The Gold & Silver Index ($XAU +2.26%) was a standout gainer while the Oil Services Index ($OSX -0.63%) edged lower and the Integrated Oil Index ($XOI +0.34%) eked out a small gain. Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX -1.51%) is consolidating above its 50-day moving average (DMA) line, perched -3.9% off its record high hit in December.
| Oil Services |
$OSX |
167.25 |
-1.06 |
-0.63% |
+6.04% |
| Integrated Oil |
$XOI |
1,109.72 |
+3.75 |
+0.34% |
+3.45% |
| Semiconductor |
$SOX |
636.81 |
+1.91 |
+0.30% |
-4.02% |
| Networking |
$NWX |
340.92 |
-1.26 |
-0.37% |
-9.31% |
| Broker/Dealer |
$XBD |
156.40 |
-0.47 |
-0.30% |
-12.18% |
| Retail |
$RLX |
1,267.20 |
-19.38 |
-1.51% |
-1.27% |
| Gold & Silver |
$XAU |
85.15 |
+1.88 |
+2.26% |
+87.97% |
| Bank |
$BKX |
66.71 |
-0.21 |
-0.31% |
-8.72% |
| Biotech |
$BTK |
2,937.01 |
+6.46 |
+0.22% |
-22.99% |
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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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