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AFTER MARKET UPDATE - FRIDAY, MAY 5TH, 2017
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DOW |
+55.47 |
21,006.94 |
+0.26% |
|
Volume |
969,066,620 |
-16% |
|
Volume |
1,728,166,290 |
-9% |
|
NASDAQ |
+25.42 |
6,100.76 |
+0.42% |
|
Advancers |
2,105 |
73% |
|
Advancers |
1,649 |
58% |
|
S&P 500 |
+9.77 |
2,399.29 |
+0.41% |
|
Decliners |
791 |
27% |
|
Decliners |
1,182 |
42% |
|
Russell 2000 |
+8.15 |
1,397.00 |
+0.59% |
|
52 Wk Highs |
183 |
|
|
52 Wk Highs |
183 |
|
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S&P 600 |
+3.97 |
848.96 |
+0.47% |
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52 Wk Lows |
28 |
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|
52 Wk Lows |
75 |
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Major Indices Rose With More Leadership But Less Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.3%, the S&P 500 added 0.6%, and the Nasdaq gained 0.9%. Stocks finished higher on Friday. The Dow was up 55 points to 21006. The S&P 500 added 9 points to 2399 and the Nasdaq Composite gained 25 points to 6100. The volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 5-2 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. There were 69 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 52 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line, perched within close striking distance of its record high.
The major averages' (M criteria) are in a confirmed uptrend, and there has remains a healthy level of market leadership (number of high-ranked stocks hitting new highs). New buying efforts should be made only in stocks matching all of the fundamental and technical criteria of the fact-based investment system. The Featured Stocks Page lists noteworthy high-ranked leaders.
The S&P 500 climbed to a record high on Friday following a better-than-expected jobs report. Non-farm payrolls grew 211,000 in April versus a projected 190,000 increase. The labor force participation rate was modestly lower from the previous month at 62.9%. Finally, the unemployment rate came in at 4.4%, a 10-year low. According to Bloomberg data, futures are currently pricing a 100% probability of a rate hike at June’s FOMC meeting. Overseas, investors await Sunday’s final round of voting in the French presidential election.
Nine of 11 sectors in the S&P 500 ended in positive territory. Energy shares paced the gains with Occidental Petroleum (OXY +4.10%) rising. Telecom stocks outperformed with AT&T (T +1.45%) up. CBS Corp (CBS +2.11%) rose as quarterly results topped expectations, boosted by content licensing and subscription fees. In Technology, Activision Blizzard (ATVI +1.37%) rose as the video game maker reported better-than-expected quarterly profit. Shares of IBM (IBM -2.51%) was lower amid reports that Warren Buffett has sold about a third of his stake in the company.
Treasuries edged higher with the benchmark 10-year note up 2/32 to yield 2.35%. In commodities, NYMEX WTI crude rebounded 1.8% to $46.34/barrel. In FOREX, the Dollar Index fell 0.2%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Were Standout Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.29%) and the Broker/Dealer Index ($XBD -0.48) ended slightly in the red on Friday. The Retail Index ($RLX +0.14%) finished with a tiny gain. Commodity-linked groups were standout gainers as the Gold & Silver index ($XAU +2.59%) and Oil Services Index ($OSX +3.77%) outpaced the Integrated Oil Index ($XOI +1.96%). The tech sector was mixed as the Networking Index ($NWX +0.24%) and the Semiconductor Index ($SOX +0.42%) both posted small gains and the Biotechnology Index ($BTK -0.67%) lost ground. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX +0.42%) stalled after recently touching a new record high, and now it is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
151.65 |
+5.51 |
+3.77% |
-17.49% |
| Integrated Oil |
$XOI |
1,147.27 |
+22.02 |
+1.96% |
-9.52% |
| Semiconductor |
$SOX |
1,011.03 |
+4.20 |
+0.42% |
+11.53% |
| Networking |
$NWX |
446.43 |
+1.09 |
+0.24% |
+0.07% |
| Broker/Dealer |
$XBD |
216.96 |
-1.04 |
-0.48% |
+5.69% |
| Retail |
$RLX |
1,516.19 |
+2.09 |
+0.14% |
+12.90% |
| Gold & Silver |
$XAU |
80.28 |
+2.02 |
+2.58% |
+1.80% |
| Bank |
$BKX |
92.64 |
-0.27 |
-0.29% |
+0.93% |
| Biotech |
$BTK |
3,651.12 |
-24.50 |
-0.67% |
+18.73% |
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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 Fact-Based Investment System 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 click here and indicate "Find a Broker". Account minimum $250,000. |
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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
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$24.09
|
+0.06
0.25% |
$24.35
|
193,080
51.76% of 50 DAV
50 DAV is 373,000
|
$25.88
-6.92%
|
4/24/2017
|
$25.33
|
PP = $24.38
|
|
MB = $25.60
|
Most Recent Note - 5/2/2017 6:51:31 PM
Y - Pulled back today with light volume, closing just above its 50 DMA line. Recent gains above the pivot point lacked the above average volume needed to trigger a proper new (or add-on) technical buy signal. The 50 DMA line ($23.80) and recent low ($21.89 on 3/22/17) define support where violations would raise more serious concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Pullback Following Recent Gains With Unimpressive Volume - 4/27/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$25.61
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+0.11
0.43% |
$25.73
|
303,548
94.86% of 50 DAV
50 DAV is 320,000
|
$26.94
-4.93%
|
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 - 5/2/2017 6:52:37 PM
Y - Consolidating near its 50 DMA line ($25.25). Reported earnings +10% on +13% sales revenues for the Mar '17 quarter, below the +25% minimum earnings guideline. 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
|
$82.90
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-2.55
-2.98% |
$85.70
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229,342
158.17% of 50 DAV
50 DAV is 145,000
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$93.65
-11.48%
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4/21/2017
|
$88.65
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PP = $90.65
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MB = $95.18
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Most Recent Note - 5/5/2017 6:05:32 PM
Sank further below its 50 DMA line today with a loss on above average volume raising greater concerns. It will be dropped from the Featured Stocks list tonight. Only a prompt rebound above the 50 DMA line ($87.06) would help its outlook improve. Reported earnings +13% on +10% sales revenues for the Mar '17 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : New Base Formed Above 50-Day Moving Average Line - 4/21/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$69.12
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-0.08
-0.12% |
$69.93
|
208,911
128.17% of 50 DAV
50 DAV is 163,000
|
$72.85
-5.13%
|
9/29/2016
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$46.12
|
PP = $47.82
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|
MB = $50.21
|
Most Recent Note - 5/4/2017 11:47:08 AM
G - Retreating from its all-time high. Prior highs in the $64 area and its 50 DMA line ($62.19) define near term support to watch. 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 : Support Shown Promptly After 50-Day Moving Average Violation - 4/19/2017 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
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$28.35
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+0.20
0.71% |
$28.75
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788,341
155.19% of 50 DAV
50 DAV is 508,000
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$34.00
-16.62%
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2/14/2017
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$25.10
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PP = $24.55
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MB = $25.78
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Most Recent Note - 5/4/2017 11:45:21 AM
G - Down considerably today with a loss on heavy volume undercutting its 50 DMA line ($28.66). Reported earnings -20% on +15% sales revenues for the Mar '17 quarter versus the year ago period, raising fundamental concerns. Volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base and Earnings Below +25% Guideline - 5/3/2017 |
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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 |
ULTA
-
NYSE
Ulta Beauty Inc
SPECIALTY RETAIL - Specialty Retail, Other
|
$295.47
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+3.26
1.12% |
$296.17
|
477,242
497.13% of 50 DAV
50 DAV is 96,000
|
$292.39
1.06%
|
5/5/2017
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$293.17
|
PP = $289.37
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|
MB = $303.84
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Most Recent Note - 5/5/2017 1:23:19 PM
Y - Color code is changed to yellow with new pivot point cited based on its 3/17/17 high plus 10 cents. Wedging into new high territory with recent gains lacking great volume conviction. Its current Relative Strength rank is 79, just below the 80+ guideline for buy candidates. Recent lows near the $276 area define important support where more damaging losses 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
|
$35.93
|
-0.81
-2.20% |
$36.75
|
1,422,806
217.89% of 50 DAV
50 DAV is 653,000
|
$39.50
-9.04%
|
4/4/2017
|
$36.38
|
PP = $36.81
|
|
MB = $38.65
|
Most Recent Note - 5/5/2017 1:08:32 PM
G - Color code is changed to green as today's volume-driven loss violated its 50 DMA line ($36.27) and tested recent lows triggering technical sell signals. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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
|
$54.39
|
+0.22
0.41% |
$54.48
|
995,329
73.78% of 50 DAV
50 DAV is 1,349,000
|
$54.78
-0.71%
|
3/16/2017
|
$49.00
|
PP = $48.05
|
|
MB = $50.45
|
Most Recent Note - 5/2/2017 1:55:41 PM
G - Perched near its all-time high, extended from any sound base. Its 50 DMA line ($48.97) defines support above prior highs in the $47-48 area.
>>> 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
|
$144.72
|
+4.52
3.22% |
$144.94
|
2,257,922
296.70% of 50 DAV
50 DAV is 761,000
|
$142.90
1.27%
|
4/17/2017
|
$132.75
|
PP = $135.27
|
|
MB = $142.03
|
Most Recent Note - 5/5/2017 1:01:21 PM
G - Reported Mar '17 earnings +37% on +39% sales revenues. Gains with at least +40% above average volume while rising above the new pivot point triggered a new (or add-on) technical buy signal. Trading above average volume today and rallying above its "max buy" level hitting a new all-time high, so its color code is changed to green.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After a Considerable Rally - 4/5/2017 |
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C
A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$45.72
|
+0.83
1.85% |
$45.91
|
1,932,116
75.53% of 50 DAV
50 DAV is 2,558,000
|
$45.40
0.70%
|
4/28/2017
|
$44.22
|
PP = $44.68
|
|
MB = $46.91
|
Most Recent Note - 5/2/2017 1:49:00 PM
Y - Challenging its 52-week high with volume running at an above average pace behind today's big gain. A gain and strong close above the pivot point may clinch a technical buy signal.
>>> FEATURED STOCK ARTICLE : Hit New 52-Week High But Ended Near Session Low - 4/28/2017 |
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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
|
$52.20
|
-0.80
-1.51% |
$54.65
|
209,939
131.21% of 50 DAV
50 DAV is 160,000
|
$55.45
-5.86%
|
4/17/2017
|
$51.75
|
PP = $53.10
|
|
MB = $55.76
|
Most Recent Note - 5/4/2017 4:46:54 PM
Y - Consolidating near its all-time high, very extended from its prior base. Its 50-day moving average (DMA) line ($50.97) defines important near-term support to watch on pullbacks. It is due to report earnings before the open on Friday, May 5th. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Due to Report Earnings Prior to Friday's Open - 5/4/2017 |
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C
A
S
I |
NCOM
-
NASDAQ
National Commerce Corp
BANKING - Regional - Southeast Banks
|
$39.20
|
+0.10
0.26% |
$39.40
|
21,604
67.51% of 50 DAV
50 DAV is 32,000
|
$40.00
-2.00%
|
4/25/2017
|
$38.95
|
PP = $40.09
|
|
MB = $42.09
|
Most Recent Note - 5/1/2017 8:17:25 PM
Y - Still perched near its 52-week high. A gain above the pivot point backed by a minimum of +40% above average volume may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging 52-Week High With Volume-Driven Gains - 4/26/2017 |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$83.52
|
-0.31
-0.37% |
$84.87
|
202,263
111.75% of 50 DAV
50 DAV is 181,000
|
$85.94
-2.82%
|
4/17/2017
|
$76.77
|
PP = $80.04
|
|
MB = $84.04
|
Most Recent Note - 5/1/2017 4:20:25 PM
G - Color code is changed to green after hitting a new all-time high and finishing the session above its "max buy" level with a gain on below average volume. Recent gains above the pivot point lacked the minimum +40% above average volume needed to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($75.30) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 5/1/2017 |
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A
S
I |
PLAY
-
NASDAQ
Dave & Buster's Ent Inc
Retail-Restaurants
|
$66.28
|
+0.78
1.19% |
$66.36
|
477,119
60.01% of 50 DAV
50 DAV is 795,000
|
$66.00
0.42%
|
2/23/2017
|
$55.41
|
PP = $58.35
|
|
MB = $61.27
|
Most Recent Note - 5/2/2017 6:44:42 PM
G - Finished at the session high with a gain on near average volume. Its 50 DMA line ($59.99) defines near-term support to watch on pullbacks. Latest quarter was below the +25% minimum guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : New Record High With Solid Gain on Near Average Volume - 5/2/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$41.00
|
+1.35
3.40% |
$41.00
|
872,283
145.38% of 50 DAV
50 DAV is 600,000
|
$39.80
3.02%
|
3/27/2017
|
$32.80
|
PP = $33.55
|
|
MB = $35.23
|
Most Recent Note - 5/5/2017 6:07:33 PM
G - Finished at the session high and hit yet another new high with today's volume-driven gain. Getting very extended from any sound base. 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). Its 50 DMA line and prior highs in the $33 area define near-term support.
>>> FEATURED STOCK ARTICLE : Winning Streak Continues for Discount Retailer - 4/24/2017 |
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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 |
MOMO
-
NASDAQ
Momo Inc Ads Cl A
INTERNET - Content
|
$39.12
|
+0.46
1.19% |
$39.21
|
2,581,955
48.52% of 50 DAV
50 DAV is 5,321,000
|
$40.43
-3.24%
|
3/7/2017
|
$29.71
|
PP = $27.83
|
|
MB = $29.22
|
Most Recent Note - 5/3/2017 6:04:20 PM
G - Pulled back from its all-time high with today's loss on below average volume. Its 50 DMA line ($33.77) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 4/6/2017 |
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A
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I |
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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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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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