You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 13TH, 2022
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
-1,276.37 |
31,104.97 |
-3.94% |
|
Volume |
939,079,066 |
+12% |
|
Volume |
5,181,495,300 |
+25% |
|
NASDAQ |
-632.84 |
11,633.57 |
-5.16% |
|
Advancers |
339 |
11% |
|
Advancers |
951 |
23% |
|
S&P 500 |
-177.72 |
3,932.69 |
-4.32% |
|
Decliners |
2,741 |
89% |
|
Decliners |
3,115 |
77% |
|
Russell 2000 |
-74.51 |
1,831.57 |
-3.91% |
|
52 Wk Highs |
17 |
|
|
52 Wk Highs |
37 |
|
|
S&P 600 |
-46.75 |
1,162.22 |
-3.87% |
|
52 Wk Lows |
105 |
|
|
52 Wk Lows |
218 |
|
|
Deterioration has the market uptrend under pressure (M criteria) and having the overall look of a more serious correction. A caution flag has been raised by the technical damage in the major indices coupled with a shrinking list of stocks hitting new highs.
|
 |
Major Indices Sank as Distributional Pressure Intensified
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow lost 1276 points, while the Nasdaq Composite fell 5.2% amid weakness in Technology shares. The S&P 500 shed 4.3% to fall below the psychologically important 4,000 level. All three indexes have posted their worst day since 2020. The volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange, indicative of an increase in institutional selling pressure termed "distribution". Breadth was clearly negative as decliners led advancers by more than an 8-1 margin on the NYSE and by more than a 3-1 margin on the Nasdaq exchange. Leadership thinned as there were only 3 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, down abruptly from the total of 21 on the prior session. New 52-week lows outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. The market uptrend is now under pressure (M criteria). Any sustainable rally requires a healthy crop of leading stocks hitting new highs.
Chart courtesy of www.stockcharts.com%20on%20Tuesday.%20Yesterday,%20the%20broad%20benchmark%20eclipsed%20the%204,300%20level%20for%20the%20first%20time%20since%20late%20April.%20The%20Nasdaq%20Composite%20fell%201.3%%20amid%20weakness%20in%20mega-cap%20tech%20shares.%20The%20volume%20totals%20reported%20were%20mixed,%20lighter%20than%20the%20prior%20session%20on%20the%20NYSE%20and%20higher%20on%20the%20Nasdaq%20exchange.%20Decliners%20led%20advancers%20by%20a%204-1%20margin%20on%20the%20NYSE%20ad%20by%20a%203-1%20margin%20on%20the%20Nasdaq%20exchange.%20There%20were%2017%20high-ranked%20companies%20from%20the%20Leaders%20List%20that%20hit%20new%2052-week%20highs%20and%20were%20listed%20on%20the%20BreakOuts%20Page,%20down%20from%20the%20total%20of%2045%20on%20the%20prior%20session.%20New%2052-week%20highs%20outnumbered%20new%2052-week%20lows%20on%20the%20NYSE,%20but%20new%20lows%20outnumbered%20new%20highs%20on%20the%20Nasdaq%20exchange.%20The%20market%20is%20in%20a%20confirmed%20uptrend%20(M%20criteria).%20Any%20sustainable%20rally%20requires%20a%20healthy%20crop%20of%20leading%20stocks%20hitting%20new%20highs,%20so%20the%20recent%20improvement%20in%20leadership%20was%20a%20reassuring%20sign.)  PICTURED: The S&P 500 Index abruptly sliced below its 50-day moving average (DMA) line with a big loss on higher volume. The recent low defines near-term support where a violation would raise greater concerns of a more serious market correction.
U.S. equities finished sharply lower Tuesday following a hotter-than-anticipated inflation report. The Consumer Price Index (CPI) unexpectedly climbed 0.1% in August, missing estimates of a 0.1% decline, despite a drop in gas prices. The headline figure remained elevated at a higher-than-expected 8.3% year-over-year, easing from July’s 8.5% annual increase but still well above the Federal Reserve’s (Fed) 2% target. Furthermore, core CPI (excluding the more volatile food and energy components) climbed 6.3% on an annual basis in August, missing estimates of a 6.1% year-over-year increase. The report is the last major data point before the Fed’s policy meeting on September 21. Investor sentiment cooled as the probability for a third-straight 75 basis point (0.75%) rate hike at the next policy meeting increased.
Treasury yields jumped following the report, with the yield on the benchmark 10-year note adding six basis points (0.06%) to 3.42%. The yield on the more Fed-sensitive two-year note climbed 19 basis points (0.19%) to 3.75%, its highest level since November 2007. A gauge of the U.S. dollar gained 1.4% as expectations about the path of interest rates shifted to include further aggressive measures by the Fed. West Texas Intermediate (WTI) crude slipped 0.3% to $87.53/barrel amid a stronger dollar and renewed recessionary concerns. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Tech, Retail, Financial, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -6.26%) was a standout decliner while the Bank Index ($BKX -3.93%) and Broker/Dealer Index ($XBD -3.21%) also fell. The Semiconductor Index ($SOX -6.18%) led the tech sector lower while the Networking Index ($NWX -4.03%) and Biotech Index ($BTK -4.40%) both fell more than -4%. Commodity-linked groups clearly had a negative bias as the Gold & Silver Index ($XAU -3.94%), Oil Services Index ($OSX -4.21%), and Integrated Oil Index ($XOI -2.32%) each suffered a large loss.
PICTURED: The Semiconductor Index ($SOX -6.18%) suffered a big loss and fell near the prior low. It has recently sputtered below its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
68.65 |
-3.02 |
-4.21% |
+30.21% |
| Integrated Oil |
$XOI |
1,633.64 |
-38.83 |
-2.32% |
+38.66% |
| Semiconductor |
$SOX |
2,562.27 |
-168.82 |
-6.18% |
-35.07% |
| Networking |
$NWX |
794.30 |
-33.39 |
-4.03% |
-18.20% |
| Broker/Dealer |
$XBD |
444.11 |
-14.73 |
-3.21% |
-8.78% |
| Retail |
$RLX |
3,213.86 |
-214.49 |
-6.26% |
-23.96% |
| Gold & Silver |
$XAU |
102.38 |
-4.20 |
-3.94% |
-22.70% |
| Bank |
$BKX |
106.79 |
-4.36 |
-3.93% |
-19.23% |
| Biotech |
$BTK |
4,744.62 |
-218.59 |
-4.40% |
-14.02% |
|
|
|
 |
High-Ranked Solar Energy Firm Hovering Near All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Enphase Energy Inc (ENPH -$3.43 or -1.11% to $305.50) is hovering near its all-time high after a volume-driven breakout gain on 9/07/22 following a brief consolidation. Recent lows in the $272-272 area define initial support above its 50-day moving average (DMA) line ($264). Fundamentals remain strong.
ENPH was highlighted in yellow in the 7/28/22 mid-day report (read here). There were 3 consecutive volume-driven gains last week as it rallied and closed above the pivot point cited based on its 11/22/21 high plus 10 cents triggering a technical buy signal. It was last shown with an annotated graph on 8/19/22 under the headline, "Enphase Energy Consolidating After Rallying to New Highs". It has an Earnings Per Share Rating of 98. The company has reported very strong sales revenues and earnings increases in quarterly comparisons through Jun '22 versus the year ago periods, above the +25% minimum guideline (C criteria). It has a strong annual earnings (A criteria) history since FY '18 after years of losses.
The company hails from the Energy-Solar group which is currently ranked 1st of the 197 Industry Groups (L criteria). The number of top-rated funds owning its shares rose from 1,068 in Dec '20 to 1,858 in Jun '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days.
|
|
|
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 |
CI
-
NYSE
Cigna Corp
Medical-Managed Care
|
$286.82
|
-7.33
-2.49% |
$291.65
|
1,940,201
100.01% of 50 DAV
50 DAV is 1,940,000
|
$296.29
-3.20%
|
7/7/2022
|
$276.55
|
PP = $273.68
|
|
MB = $287.36
|
Most Recent Note - 9/12/2022 12:39:36 PM
G - Inching higher today for a 4th consecutive small gain, rising above its "max buy" level. Reported earnings for the Jun '22 quarter rose +19% on +5% sales revenues versus the year ago period, breaking a streak of 3 quarterly earnings increases above the +25% minimum guideline (C criteria), raising fundamental concerns. Near-term support to watch is at its 50 DMA line ($281).
>>> FEATURED STOCK ARTICLE : Cigna Hovering Near High Despite Earnings Under +25% Minimum - 8/26/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ESQ
-
NASDAQ
Esquire Financial Holdings
Finance-Commercial Loans
|
$38.39
|
-0.47
-1.21% |
$39.26
|
26,573
96.63% of 50 DAV
50 DAV is 27,500
|
$41.68
-7.89%
|
7/26/2022
|
$37.74
|
PP = $39.19
|
|
MB = $41.15
|
Most Recent Note - 9/12/2022 4:51:32 PM
Y - Posted a 4th consecutive gain today after recently finding support near its 50 DMA line ($36.89). Confirming gains above the pivot point backed by at least +40% above average volume would be a reassuring sign of fresh institutional buying.
>>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average With 5th Straight Loss - 9/1/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
GPK
-
NYSE
Graphic Packaging Hldg
CONSUMER NON-DURABLES - Packaging and Containers
|
$23.02
|
-0.67
-2.83% |
$23.36
|
1,579,564
56.47% of 50 DAV
50 DAV is 2,797,000
|
$24.07
-4.36%
|
7/26/2022
|
$22.63
|
PP = $23.09
|
|
MB = $24.24
|
Most Recent Note - 9/13/2022 6:00:59 PM
Y - Pulled back quietly today after wedging to a new 52-week high with the prior gain lacking great volume conviction. Near-term support to watch is at its 50 DMA line ($22.25).
>>> FEATURED STOCK ARTICLE : Recently Slipped Below Pivot Point Testing 50-Day Average - 9/6/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CSL
-
NYSE
Carlisle Cos Inc
Diversified Operations
|
$301.47
|
-10.45
-3.35% |
$308.25
|
478,613
102.27% of 50 DAV
50 DAV is 468,000
|
$318.71
-5.41%
|
7/28/2022
|
$282.31
|
PP = $275.23
|
|
MB = $288.99
|
Most Recent Note - 9/13/2022 5:57:53 PM
G - Pulled back today after wedging up near its all-time high. Its prior low $291 defines near term support to watch above its 50 DMA line ($288).
>>> FEATURED STOCK ARTICLE : Pulling Back From All-Time High After Volume-Driven Gains - 8/22/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ENPH
-
NASDAQ
Enphase Energy Inc
Energy-Solar
|
$305.50
|
-3.43
-1.11% |
$311.49
|
4,445,440
126.18% of 50 DAV
50 DAV is 3,523,000
|
$324.84
-5.95%
|
7/28/2022
|
$276.66
|
PP = $282.55
|
|
MB = $296.68
|
Most Recent Note - 9/13/2022 5:51:47 PM
G - Still hovering near its all-time high after a volume-driven breakout gain on 9/07/22 following a brief consolidation. Recent lows in the $271-272 area define initial support above its 50 DMA line ($264). Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : High-Ranked Solar Energy Firm Hovering Near All-Time High - 9/13/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
PWR
-
NYSE
Quanta Services Inc
MATERIALS and CONSTRUCTION - General Contractors
|
$141.45
|
-4.21
-2.89% |
$144.31
|
730,767
71.64% of 50 DAV
50 DAV is 1,020,000
|
$149.33
-5.28%
|
7/28/2022
|
$141.83
|
PP = $140.14
|
|
MB = $147.15
|
Most Recent Note - 9/13/2022 6:03:02 PM
Y - Confirming volume-driven gains for new highs would be a reassuring sign of fresh institutional buying demand. It is quietly consolidating above its 50 DMA line ($137.78) which defines important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs and Above 50-Day Moving Average - 9/7/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
GFF
-
NYSE
Griffon Corporation
MATERIALS and CONSTRUCTION - General Building Materials
|
$32.25
|
-1.68
-4.95% |
$33.15
|
319,660
81.96% of 50 DAV
50 DAV is 390,000
|
$34.92
-7.65%
|
8/8/2022
|
$32.46
|
PP = $31.12
|
|
MB = $32.68
|
Most Recent Note - 9/13/2022 5:55:08 PM
Y - Gapped down retreating from its all-time high with today's loss backed by below average volume. Color code is changed to yellow after pulling back below its "max buy" level. Prior lows and its 50 DMA line define important near-term support in the $30 area.
>>> FEATURED STOCK ARTICLE : Best Ever Close With Gain on Lighter Volume - 8/25/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CLH
-
NYSE
Clean Harbors Inc
Pollution Control
|
$119.78
|
-3.88
-3.14% |
$122.40
|
433,367
132.12% of 50 DAV
50 DAV is 328,000
|
$124.49
-3.78%
|
8/10/2022
|
$111.78
|
PP = $115.10
|
|
MB = $120.86
|
Most Recent Note - 9/12/2022 4:53:09 PM
G - Posted a 4th consecutive volume-driven gain today and hit a new all-time high. Prior high in the $115 area defines important near-term support to watch. No resistance remains due to overhead supply. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Below "Max Buy" Level After Breakout - 8/29/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CASY
-
NASDAQ
Caseys General Stores
RETAIL - Super/Mini Markets
|
$214.70
|
-2.74
-1.26% |
$220.09
|
295,410
113.18% of 50 DAV
50 DAV is 261,000
|
$223.90
-4.11%
|
9/8/2022
|
$217.81
|
PP = $222.40
|
|
MB = $233.52
|
Most Recent Note - 9/13/2022 6:08:26 PM
Y - Ended near the low end of its intra-day range with a 2nd consecutive loss after failing to close above the pivot point and clinch a proper technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Casey's is Perched Within Close Range of All-Time High - 9/9/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CPRX
-
NASDAQ
Catalyst Pharma Partners
Medical-Biomed/Biotech
|
$15.30
|
+0.15
0.99% |
$17.22
|
17,582,313
716.04% of 50 DAV
50 DAV is 2,455,500
|
$15.61
-1.99%
|
9/8/2022
|
$15.14
|
PP = $15.17
|
|
MB = $15.93
|
Most Recent Note - 9/13/2022 12:25:10 PM
G - Gapped up today hitting a new 52-week high with a considerable volume-driven gain, it quickly rallied above its max buy" level and its color code is changed to green. Highlighted in yellow with pivot point cited based on its 8/23/22 high plus 10 cents in the 9/08/22 mid-day report. Reported Jun '22 quarterly earnings +75% on +46% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since turning profitable in FY '19.
>>> FEATURED STOCK ARTICLE : Hit a New High After a 4-Week Tight Pattern of Closes - 9/8/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
CCRN
-
NASDAQ
Cross Country Healthcare
DIVERSIFIED SERVICES - Staffing and Outsourcing Service
|
$26.60
|
-0.26
-0.97% |
$27.82
|
915,635
109.66% of 50 DAV
50 DAV is 835,000
|
$30.51
-12.82%
|
9/9/2022
|
$27.32
|
PP = $30.61
|
|
MB = $32.14
|
Most Recent Note - 9/12/2022 4:47:21 PM
Y - Managed a "positive reversal" today while consolidating above its 50 DMA line ($24.94) which defines important support to watch. Highlighted in yellow with pivot point cited based on its 7/21/22 high plus 10 cents in the 9/09/22 mid-day report. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Positive Reversal While Consolidating Above 50-Day Moving Average - 9/12/2022 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
|
|
|
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
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
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.
|
|
|
