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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 18TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+63.01 |
22,331.35 |
+0.28% |
|
Volume |
821,715,640 |
-62% |
|
Volume |
1,874,262,780 |
-33% |
|
NASDAQ |
+6.17 |
6,454.64 |
+0.10% |
|
Advancers |
1,683 |
58% |
|
Advancers |
1,622 |
60% |
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S&P 500 |
+3.64 |
2,503.87 |
+0.15% |
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Decliners |
1,239 |
42% |
|
Decliners |
1,077 |
40% |
|
Russell 2000 |
+9.37 |
1,441.08 |
+0.65% |
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52 Wk Highs |
167 |
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|
52 Wk Highs |
252 |
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S&P 600 |
+6.31 |
867.15 |
+0.73% |
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52 Wk Lows |
14 |
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52 Wk Lows |
29 |
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Leadership Improves as Major Indices Post Gains for Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher Monday. The Dow was up 63 points at 22331. The S&P 500 gained 3 points to 2503 and the Nasdaq Composite increased 6 to 6454. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, as Friday's totals were inflated by options expirations. Breadth was positive as advancers led decliners by a 4-3 margin on the NYSE and by an 8-5 margin on the Nasdaq exchange. Leadership improved as there were 84 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 47 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows totals on the Nasdaq exchange and on the NYSE. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders. Charts used courtesy of www.stockcharts.com
 PICTURED: The S&P 500 Index rallied for a new record high.
The major averages' (M criteria) uptrend endured recent pressure however leadership has remained healthy. Investors should buy stocks meeting all key criteria of the fact-based investment system on a case-by-case basis as they trigger technical buy signals.
Equities advanced modestly with the U.S. dollar while Treasuries and gold declined as investor attention turned to this week’s FOMC meeting. While the Fed is not expected to announce an interest rate hike, many analysts predict the policy makers will announce plans to begin unwinding its $4.5 trillion balance sheet at the conclusion of the meeting Wednesday. On the data front, a report showed homebuilder sentiment declined in September in the aftermath of Hurricanes Irma and Harvey.
Six of 11 sectors in the S&P 500 finished in green territory. Financials paced the gains as Citigroup (C +2.26%) and Morgan Stanley (MS +1.55%) both climbed. Industrials also advanced with Caterpillar (CAT +2%) gaining ground after being the subject of positive analyst commentary. In M&A news, Orbital ATK (OA +20.18%) up after agreeing to be acquired by Northrup Grumman (NOC +3.35%) for $7.8 billion.
Treasuries declined for a sixth consecutive session with the 10-year note losing 7/32 to yield 2.23% In commodities, NYMEX WTI crude was flat on the session to finish at $49.90/barrel while COMEX gold retreated 1.1% to $1306.90/ounce. In FOREX, the dollar climbed 0.3% following its best weekly performance of 2017 last week. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Energy, Semiconductor, and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Monday the Retail Index ($RLX -0.57%) edged lower while the Bank Index ($BKX +1.29%) and the Broker/Dealer Index ($XBD +0.91%) both posted solid gains. The tech sector was led by the Semiconductor Index ($SOX +1.24%) again while the Networking Index ($NWX +0.41%) posted a smaller gain and the Biotechnology Index ($BTK +0.03%) finished flat. Commodity-linked groups were mixed as the Oil Services Index ($OSX +0.76%) and Integrated Oil Index ($XOI +0.40%) each posted a modest gain but the Gold & Silver Index ($XAU -1.75%) ended solidly lower. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU -1.75%) has been pulling back. Its 50-day moving average (DMA) line recently rose above the 200 DMA line for the first time since Nov '16.
| Oil Services |
$OSX |
134.87 |
+1.02 |
+0.76% |
-26.62% |
| Integrated Oil |
$XOI |
1,165.86 |
+4.70 |
+0.40% |
-8.05% |
| Semiconductor |
$SOX |
1,160.90 |
+14.22 |
+1.24% |
+28.07% |
| Networking |
$NWX |
456.30 |
+1.87 |
+0.41% |
+2.29% |
| Broker/Dealer |
$XBD |
229.21 |
+2.08 |
+0.91% |
+11.66% |
| Retail |
$RLX |
1,510.44 |
-8.69 |
-0.57% |
+12.47% |
| Gold & Silver |
$XAU |
86.84 |
-1.54 |
-1.74% |
+10.12% |
| Bank |
$BKX |
95.02 |
+1.21 |
+1.29% |
+3.52% |
| Biotech |
$BTK |
4,178.71 |
+1.37 |
+0.03% |
+35.89% |
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Wedged to New High Then Ended the Session Weak
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Thor Industries Inc (THO +$0.84 or +0.74% to $113.98) quietly touched a new high today but then ended in the lower third of its intra-day range. Its current Relative Strength Rating of 79 is just below the 80+ minimum guideline for buy candidates under the fact-based investment system. No resistance remains due to overhead supply. It is not more than +5% above the pivot point previously cited. Any volume-driven gains into new all-time high territory might signal the beginning of a significant new leg up in price.
The Building - Mobile/Mfg & RV firm was highlighted in yellow with pivot point cited based on its 4/27/17 high in the 6/07/17 mid-day report (read here). It had gapped up on 6/06/17, clearing a "double bottom" base while rebounding toward prior highs. It was last shown in this FSU section on 8/21/17 with an annotated graph under the headline, "Slump Below 50-Day Average Hurt Technical Stance".
Recently it reported earnings +40% on +57% sales revenues for the Apr '17 quarter, continuing its strong earnings history. The past 3 quarters were above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Its annual earnings history (A criteria) has been good. Return on Equity is reported at 23%, well above the 17% minimum guideline.
It has earned a current Timeliness rating of B and a Sponsorship rating of C. The number of top-rated funds owning its shares rose from 489 in Mar '16 to 603 in Jun '17. Its current Up/Down Volume Ratio of 2.5 is an unbiased indication its shares have been under accumulation over the past 50 days (I criteria). Its small supply of only 48.9 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.
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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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
|
$113.98
|
+0.84
0.74% |
$115.80
|
621,195
122.28% of 50 DAV
50 DAV is 508,000
|
$115.74
-1.52%
|
8/14/2017
|
$106.67
|
PP = $110.01
|
|
MB = $115.51
|
Most Recent Note - 9/18/2017 6:14:05 PM
Y - Quietly touched a new 52-week high but ended the session weak. Current Relative Strength Rating of 79 is just below the 80+ minimum guideline for buy candidates under the fact-based investment system. Very little resistance remains due to overhead supply up to its $115.74 all-time high. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedged to New High Then Ended the Session Weak - 9/18/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Broadcom Limited
ELECTRONICS - Semiconductor - Broad Line
|
$249.82
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+0.29
0.12% |
$252.83
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2,566,343
107.24% of 50 DAV
50 DAV is 2,393,000
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$259.36
-3.68%
|
8/24/2017
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$252.44
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PP = $256.89
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MB = $269.73
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Most Recent Note - 9/12/2017 7:02:40 PM
Y - Volume totals have been cooling while consolidating near its 50 DMA line ($248) after enduring distributional pressure. Recent lows define the next important support in the $238-240 area. Subsequent violations would trigger more worrisome technical sell signals. Fundamentals remain strong. It has not produced volume-driven gains since highlighted in the 8/24/17 mid-day report - "Subsequent volume-driven gains above the pivot and for new highs may trigger a technical buy signal."
>>> FEATURED STOCK ARTICLE : Pullback Followed Latest Strong Earnings Report From Tech Leader - 8/25/2017 |
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C
A
S
I |
EW
-
NYSE
Edwards Lifesciences Cp
HEALTH SERVICES - Medical Appliances and Equipment
|
$112.69
|
-0.81
-0.71% |
$113.74
|
984,040
76.50% of 50 DAV
50 DAV is 1,286,400
|
$121.75
-7.44%
|
7/11/2017
|
$117.23
|
PP = $121.85
|
|
MB = $127.94
|
Most Recent Note - 9/13/2017 3:37:16 PM
G - Met resistance at its 50 DMA line and pulling back today with light volume. It is only -8.1% off its all-time high, but its Relative Strength Rating has slumped to 69, below the 80+ minimum guideline for buy candidates. A rebound above its downward sloping 50 DMA line ($115.20) is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Positive Reversal After Slumping to New Lows - 9/6/2017 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
|
$205.00
|
+5.95
2.99% |
$207.05
|
249,456
53.88% of 50 DAV
50 DAV is 463,000
|
$220.25
-6.92%
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9/11/2017
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$193.65
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PP = $220.35
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MB = $231.37
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Most Recent Note - 9/18/2017 6:12:15 PM
Y - Gapped up today for a gain with light volume. The new pivot point cited was based on its 8/07/17 high plus 10 cents. Faces some near-term resistance. Subsequent volume-driven gains above the pivot point are needed to trigger a new (or add-on) technical buy signal. Recent low ($185.80 on 9/05/17) and its 50 DMA line ($182.53) define important near-term support where violations would trigger technical sell signals. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : New Base Being Built After Considerable Gap Higher - 9/11/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$115.05
|
+3.42
3.06% |
$116.70
|
516,192
156.90% of 50 DAV
50 DAV is 329,000
|
$118.00
-2.50%
|
9/29/2016
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$46.12
|
PP = $47.82
|
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MB = $50.21
|
Most Recent Note - 9/18/2017 6:20:33 PM
G - Challenged its all-time high with today's volume-driven gain, and it remains extended from any sound base. Recently reported earnings +19% on +18% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria). Its 50 DMA line ($99.67) defines support above prior highs in the $88 area.
>>> FEATURED STOCK ARTICLE : Considerable Rally However Fundamental Concerns Were Raised - 9/12/2017 |
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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 |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$39.13
|
+0.55
1.43% |
$39.29
|
215,602
94.98% of 50 DAV
50 DAV is 227,000
|
$38.74
1.01%
|
7/28/2017
|
$33.50
|
PP = $33.32
|
|
MB = $34.99
|
Most Recent Note - 9/18/2017 6:28:01 PM
G - Inched higher for yet another new all-time high with today's gain backed by near average volume. Prior highs and the 50 DMA line define near-term support to watch in the $33 area.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New High And Strong Finish Bode Well - 8/28/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$39.40
|
+0.32
0.82% |
$39.68
|
549,766
77.54% of 50 DAV
50 DAV is 709,000
|
$41.44
-4.92%
|
7/3/2017
|
$38.05
|
PP = $39.60
|
|
MB = $41.58
|
Most Recent Note - 9/18/2017 6:08:14 PM
Y - Color code is changed to yellow after recent gains above its 50 DMA line ($38.50) helped its outlook to improve. Completed a new Public Offering on 8/08/17.
>>> FEATURED STOCK ARTICLE : Undercut 50-Day Moving Average in Slump Toward Prior Lows - 9/5/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$136.70
|
+4.65
3.52% |
$137.10
|
1,297,866
159.05% of 50 DAV
50 DAV is 816,000
|
$134.89
1.34%
|
8/31/2017
|
$128.22
|
PP = $127.78
|
|
MB = $134.17
|
Most Recent Note - 9/18/2017 6:18:08 PM
G - Finished near the session high with yet another volume-driven gain, rallying above its "max buy" level, and its color code is changed to green. Disciplined investors avoid chasing extended stocks. Prior highs in the $127-130 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Rallied Near Pivot Point But Confirming Gains Are Still Needed - 8/31/2017 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$56.17
|
+0.43
0.77% |
$56.58
|
1,524,877
106.61% of 50 DAV
50 DAV is 1,430,300
|
$68.07
-17.48%
|
7/24/2017
|
$65.91
|
PP = $68.17
|
|
MB = $71.58
|
Most Recent Note - 9/14/2017 5:29:39 PM
G - A rebound above the 50 DMA line ($61.72) is still needed for its outlook to improve. Prior low ($55.11 on 8/25/17) and the 200 DMA line define the next support to watch. Disciplined investors following the fact-based system limit losses by selling any stock that falls more than -7% below their purchase price.
>>> FEATURED STOCK ARTICLE : Rebounding After gap Down Violated 50-Day Average and Prior Lows - 9/1/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$182.68
|
+5.72
3.23% |
$185.41
|
1,129,838
140.35% of 50 DAV
50 DAV is 805,000
|
$179.71
1.65%
|
8/4/2017
|
$173.31
|
PP = $163.07
|
|
MB = $171.22
|
Most Recent Note - 9/13/2017 3:41:21 PM
G - Volume totals have been cooling while remaining perched near its all-time high, stubbornly holding its ground. Its 50 DMA line ($163.69) and prior highs in the $162 area define important near-term support to watch. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Gapped Up After Earnings Repairing 50-Day Moving Average Violation - 8/23/2017 |
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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 |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$53.00
|
-0.56
-1.05% |
$54.19
|
3,444,233
186.48% of 50 DAV
50 DAV is 1,847,000
|
$57.61
-8.00%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 9/18/2017 12:16:02 PM
G - Pulling back today for a 3rd consecutive volume-driven loss. Its 50 DMA line ($51.59) defines near-term support above prior highs in the $46-47 area. Recently reported earnings +13% on +32% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Touched New High With Quiet Gain From Brief Consolidation - 9/7/2017 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$58.60
|
+0.45
0.77% |
$59.15
|
232,939
206.14% of 50 DAV
50 DAV is 113,000
|
$60.00
-2.33%
|
6/13/2017
|
$54.25
|
PP = $55.55
|
|
MB = $58.33
|
Most Recent Note - 9/13/2017 5:11:59 PM
Y - Near its "max buy" level and perched within close striking distance of its all-time high after finding support near its 50 DMA line ($55) and prior highs. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Prompt Support Near Prior Highs and 50 Day Average - 9/13/2017 |
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C
A
S
I |
NCOM
-
NASDAQ
National Commerce Corporation
BANKING - Regional - Southeast Banks
|
$40.20
|
+0.20
0.50% |
$40.30
|
62,492
221.60% of 50 DAV
50 DAV is 28,200
|
$41.25
-2.55%
|
4/25/2017
|
$38.95
|
PP = $40.09
|
|
MB = $42.09
|
Most Recent Note - 9/18/2017 12:22:15 PM
G - Consolidating in a tight range near its 50 DMA line ($39.79). Its Relative Strength rating is currently 75, below the minimum guideline for buy candidates. Recently reported Jun '17 earnings +23% on +45% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell Below 80+ Minimum Guideline - 9/14/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$46.00
|
+0.15
0.33% |
$46.25
|
667,727
115.52% of 50 DAV
50 DAV is 578,000
|
$46.08
-0.16%
|
9/8/2017
|
$45.20
|
PP = $46.18
|
|
MB = $48.49
|
Most Recent Note - 9/14/2017 5:27:58 PM
Y - Quietly hovering near its all-time high. New pivot point cited is based on its 8/01/17 high plus 10 cents. Recent gains above the 50 DMA line helped its outlook improve. Subsequent gains above the latest pivot point with at least the minimum +40% above average volume may trigger a proper new (or add-on) technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : New Pivot Point Cited After Rebound From Below 50-Day Average - 9/8/2017 |
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C
A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$37.04
|
+0.67
1.84% |
$37.11
|
145,186
61.78% of 50 DAV
50 DAV is 235,000
|
$39.68
-6.65%
|
9/18/2017
|
$37.04
|
PP = $39.78
|
|
MB = $41.77
|
Most Recent Note - 9/18/2017 6:26:48 PM
Y - A new pivot point is cited based on its 7/26/17 plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Consolidating above its 50 DMA line ($36.32). Subsequent losses below the recent low ($34.41 on 8/18/17) would raise more serious concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Moving Average - 8/29/2017 |
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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 |
|
|
|
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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