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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 23RD, 2016
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DOW |
-131.01 |
18,261.45 |
-0.71% |
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Volume |
803,992,760 |
-4% |
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Volume |
1,629,560,760 |
-7% |
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NASDAQ |
-33.77 |
5,305.75 |
-0.63% |
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Advancers |
946 |
32% |
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Advancers |
1,062 |
37% |
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S&P 500 |
-12.49 |
2,164.69 |
-0.57% |
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Decliners |
2,022 |
68% |
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Decliners |
1,778 |
63% |
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Russell 2000 |
-8.82 |
1,254.62 |
-0.70% |
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52 Wk Highs |
82 |
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52 Wk Highs |
104 |
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S&P 600 |
-5.25 |
759.39 |
-0.69% |
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52 Wk Lows |
7 |
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52 Wk Lows |
16 |
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Major Indices Pulled Back Following Solid Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.8%, the S&P added 1.2%, and the Nasdaq gained 1.2%. Stocks finished lower on Friday. The Dow was down 130 points to 18261. The S&P 500 lost 12 points to 2164 and the Nasdaq Composite fell 33 points to 5305. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 2-1 margin on the NYSE and by 3-2 on the Nasdaq exchange. Leadership improved as there were 58 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 58 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average met resistance at its 50-day moving average (DMA) line.
The S&P 500 Index slumped below its 50-day moving average (DMA) line on Friday. Recent technical strength in the market (M criteria) was noted as a reassuring sign for investors who may be considering new buy candidates in the days and weeks ahead. The Featured Stocks Page lists noteworthy candidates.
The S&P 500 snapped a three day winning-streak amid a retreat in Energy shares and Technology stocks. NYMEX WTI crude declined 3.5% to $44.70/barrel, following a report that Saudi Arabia does not expect an agreement at next week’s OPEC meeting aimed to freeze production. On the data front, a Markit’s survey of U.S. manufacturing expanded to 51.4 in September, slightly below expectations.
Nine of 11 sectors in the S&P 500 finished in negative territory. Technology stocks retreated with Apple (AAPL -1.67%) amid iPhone 7 sales concerns. Facebook (FB -1.63%) after the social media giant overestimated average viewing time for its video ads. Shares of Yahoo (YHOO -3.06%) as the company confirmed over 500 million accounts were hacked in 2014. In M&A news, Twitter (TWTR +21.42%) rose amid reports the company is moving closer to a sale and may receive a formal bid. Bats Global Markets (BATS +19.86%) with news the exchange operator is in talks to be acquired by CBOE Holdings. (CBOE +1.28%).
Treasuries finished mostly higher with the benchmark 10-year note up 1/32 to yield 1.61%. In commodities, COMEX gold slipped 0.2% to $1338.00/ounce. In FOREX, the dollar gained 0.8% against the British pound. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Tech, and Broker/Dealer Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Networking Index ($NWX -0.74%), Biotechnology Index ($BTK -0.72%), and the Semiconductor Index ($SOX -1.10%) ended unanimously lower on Friday. The Broker/Dealer Index ($XBD -0.68%) edged lower while the Bank Index ($BKX -0.08%) the Retail Index ($RLX -0.12%) were little changed. Commodity-linked groups were big losers as the Integrated Oil Index ($XOI -1.57%), Oil Services Index ($OSX -2.75%), and the Gold & Silver Index ($XAU -3.05%) fell. Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -0.72%) found support near its 50-day moving average (DMA) line and is perched near prior highs.
| Oil Services |
$OSX |
149.67 |
-4.23 |
-2.75% |
-5.11% |
| Integrated Oil |
$XOI |
1,103.94 |
-17.59 |
-1.57% |
+2.91% |
| Semiconductor |
$SOX |
804.59 |
-8.92 |
-1.10% |
+21.27% |
| Networking |
$NWX |
401.29 |
-2.99 |
-0.74% |
+6.75% |
| Broker/Dealer |
$XBD |
173.90 |
-1.19 |
-0.68% |
-2.35% |
| Retail |
$RLX |
1,339.20 |
-1.59 |
-0.12% |
+4.34% |
| Gold & Silver |
$XAU |
95.76 |
-3.02 |
-3.06% |
+111.39% |
| Bank |
$BKX |
71.24 |
-0.06 |
-0.08% |
-2.52% |
| Biotech |
$BTK |
3,444.60 |
-25.06 |
-0.72% |
-9.68% |
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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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$288.16
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+1.31
0.46% |
$289.61
|
287,852
87.23% of 50 DAV
50 DAV is 330,000
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$294.38
-2.11%
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5/11/2016
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$248.33
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PP = $245.00
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MB = $257.25
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Most Recent Note - 9/21/2016 6:47:22 PM
G - Found support today near its 50 DMA line ($281). More damaging losses would raise greater concerns
>>> FEATURED STOCK ARTICLE : Light Volume Behind Gains Wedging for New Highs - 9/7/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$16.71
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-0.20
-1.18% |
$16.98
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40,744
50.93% of 50 DAV
50 DAV is 80,000
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$18.16
-7.98%
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7/26/2016
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$15.79
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PP = $15.74
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MB = $16.53
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Most Recent Note - 9/22/2016 4:42:14 PM
G - Wedging higher with gains lacking great volume conviction after recently finding support at its 50 DMA line ($15.48). That short-term average and the prior low ($15.00 on 9/14/16) define near-term support.
>>> FEATURED STOCK ARTICLE : Strength Returned With Heavier Volume Gains for Highs - 8/30/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$247.42
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-4.63
-1.84% |
$249.90
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1,016,848
89.83% of 50 DAV
50 DAV is 1,132,000
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$254.48
-2.77%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 9/22/2016 12:51:41 PM
G - Steadily hitting new all-time highs but very extended from any sound base. Its 50 DMA line ($212) defines near-term support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph illustrating the +38% rally since featured in 6/29/16 mid-day report.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After +37% Rally Since Featured 6/29/16 - 9/21/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$46.30
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-0.44
-0.94% |
$46.58
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113,876
55.55% of 50 DAV
50 DAV is 205,000
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$47.72
-2.98%
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7/13/2016
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$38.87
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PP = $39.29
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MB = $41.25
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Most Recent Note - 9/23/2016 5:32:35 PM
G - Volume totals have been cooling while stubbornly holding its ground near all-time highs. Prior highs and its 50 DMA line in the $41 area define near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Possibly Forming New Base While Holding Ground Near Highs - 9/20/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$61.67
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+0.03
0.05% |
$62.05
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86,716
41.10% of 50 DAV
50 DAV is 211,000
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$69.53
-11.30%
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9/8/2016
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$64.74
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PP = $69.63
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MB = $73.11
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Most Recent Note - 9/22/2016 4:46:12 PM
G - Posted a second consecutive gain on light volume, still sputtering below its 50 DMA line. Gains above that short-term average are needed for its outlook to improve. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Building a New Base Above 50-Day Moving Average Line - 8/31/2016 |
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 |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
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$36.57
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-0.31
-0.84% |
$37.35
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264,162
47.43% of 50 DAV
50 DAV is 557,000
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$40.47
-9.64%
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8/29/2016
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$37.08
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PP = $36.44
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MB = $38.26
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Most Recent Note - 9/21/2016 6:39:31 PM
Y - Consolidating just above its 50 DMA line ($35.35). Violations of the 50 DMA line and recent lows ($34.18 on 9/09/16) would raise greater concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Finished Strong While Rallying From Cup-With-Handle Base - 8/29/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
SFBS
-
NASDAQ
"ServisFirst Bancshares, Inc"
BANKING - Regional - Southeast Banks
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$52.12
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-0.50
-0.95% |
$52.92
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53,382
89.12% of 50 DAV
50 DAV is 59,900
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$53.58
-2.72%
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7/19/2016
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$53.28
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PP = $52.82
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MB = $55.46
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Most Recent Note - 9/22/2016 5:53:23 PM
Y - Perched within striking distance of its 52-week high. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating is Under Guidelines While Perched Near Highs - 9/22/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$61.04
|
+0.25
0.41% |
$61.87
|
152,925
79.65% of 50 DAV
50 DAV is 192,000
|
$61.11
-0.11%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 9/22/2016 4:44:27 PM
G - Quietly hit another new high today, getting more extended from any sound base. Its 50 DMA line ($55.97) defines important near-term support coinciding with its Sep '15 highs.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near All-Time High - 9/12/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
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.
This report is a service available
only to active Paid Premium Members.
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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
or 954-785-1121.
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