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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 26TH, 2016
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DOW |
-166.62 |
18,094.83 |
-0.91% |
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Volume |
774,703,700 |
-4% |
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Volume |
1,544,224,920 |
-5% |
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NASDAQ |
-48.26 |
5,257.49 |
-0.91% |
|
Advancers |
854 |
28% |
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Advancers |
689 |
24% |
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S&P 500 |
-18.59 |
2,146.10 |
-0.86% |
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Decliners |
2,169 |
72% |
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Decliners |
2,191 |
76% |
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Russell 2000 |
-13.68 |
1,240.94 |
-1.09% |
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52 Wk Highs |
75 |
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52 Wk Highs |
90 |
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S&P 600 |
-9.31 |
750.08 |
-1.23% |
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52 Wk Lows |
14 |
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52 Wk Lows |
34 |
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Leadership Wanes Again as Major Averages Retreat
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Monday. The Dow was down 166 points to 18094. The S&P 500 lost 18 points to 2146 and the Nasdaq Composite fell 48 points to 5257. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by 11-4 on the NYSE and by more than 3-1 on the Nasdaq exchange. There were only 11 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from recent totals. New 52-week highs totals outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The S&P 500 Index slumped back below its 50-day moving average (DMA) line toward prior lows.
Last Thursday's move into new high territory for the Nasdaq Composite Index was a sign of technical strength in the market (M criteria) reassuring investors. However, the Dow Jones Industrial Average and S&P 500 Index both are slumping below their 50-day moving average (DMA) lines. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages declined for a second session as Financials retreated and investors await the presidential debate between candidates Hillary Clinton and Donald Trump. In commodities, NYMEX WTI crude rallied 3.3% to $45.93/barrel amid reports the Algerian energy minister said all options were possible for an output freeze at this week’s OPEC meeting. On the data front, new home sales declined 7.6% in August, after a sharp 12.4% increase the previous month.
Ten of 11 sectors in the S&P 500 finished in negative territory. In Financials, Deutsche Bank (DB -7.06%) fell amid speculation that mounting legal bills may force the lender to raise capital. Health Care shares declined with Pfizer (PFE -1.81%) after the pharmaceutical giant announced it will not split into two separate companies. On the earnings front, Carnival Corp (CCL -1.67%) fell as the cruise operator reported its slowest growth in sales from ticket and onboard spending in six quarters. In M&A news, Chemtura (CHMT +15.83%) rose after agreeing to a $2.1 billion takeover bid from Lanxess AG.
Treasuries advanced with the benchmark 10-year note up 10/32 to yield 1.58%. In commodities, COMEX gold slipped 0.1% to $1336.20/ounce. In FOREX, the Dollar Index fell 0.2%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.34%) and the Bank Index ($BKX -2.12%) suffered large losses and the Retail Index ($RLX -1.05%) fell on Monday. The Networking Index ($NWX -0.74%), Biotechnology Index ($BTK -0.94%), and the Semiconductor Index ($SOX -0.99%) ended unanimously lower. Commodity-linked groups were led lower by the Gold & Silver Index ($XAU -1.37%) and the Integrated Oil Index ($XOI -0.61%) while the Oil Services Index ($OSX +0.02%) finished flat. Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -0.74%) found support near its 50-day moving average (DMA) line recently and rallied to new highs.
| Oil Services |
$OSX |
149.69 |
+0.02 |
+0.01% |
-5.10% |
| Integrated Oil |
$XOI |
1,097.21 |
-6.73 |
-0.61% |
+2.28% |
| Semiconductor |
$SOX |
796.64 |
-7.95 |
-0.99% |
+20.07% |
| Networking |
$NWX |
398.34 |
-2.95 |
-0.74% |
+5.96% |
| Broker/Dealer |
$XBD |
169.83 |
-4.07 |
-2.34% |
-4.64% |
| Retail |
$RLX |
1,325.11 |
-14.09 |
-1.05% |
+3.24% |
| Gold & Silver |
$XAU |
94.45 |
-1.31 |
-1.37% |
+108.50% |
| Bank |
$BKX |
69.73 |
-1.51 |
-2.12% |
-4.58% |
| Biotech |
$BTK |
3,412.15 |
-32.45 |
-0.94% |
-10.54% |
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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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$290.18
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+2.02
0.70% |
$291.80
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458,093
139.24% of 50 DAV
50 DAV is 329,000
|
$294.38
-1.43%
|
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 - 9/26/2016 5:42:56 PM
G - Rallied further above its 50 DMA line ($282) toward prior highs with today's volume-driven gain. Subsequent losses undercutting the 50 DMA line or recent low ($278.52) 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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$16.20
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-0.51
-3.05% |
$17.00
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71,518
89.40% of 50 DAV
50 DAV is 80,000
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$18.16
-10.79%
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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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$241.21
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-6.21
-2.51% |
$243.83
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1,693,908
148.98% of 50 DAV
50 DAV is 1,137,000
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$254.48
-5.21%
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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 - 9/26/2016 12:41:29 PM
G - Gapped down today retreating after getting very extended from any sound base. Its 50 DMA line ($214.72) defines near-term support to watch.
>>> 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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$45.33
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-0.97
-2.10% |
$46.30
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140,465
69.88% of 50 DAV
50 DAV is 201,000
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$47.72
-5.01%
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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
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NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$61.43
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-0.24
-0.39% |
$61.94
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82,647
39.36% of 50 DAV
50 DAV is 210,000
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$69.53
-11.65%
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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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$36.38
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-0.19
-0.52% |
$37.22
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205,839
37.43% of 50 DAV
50 DAV is 550,000
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$40.47
-10.11%
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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 - 9/26/2016 5:38:11 PM
Y - Still quietly consolidating above its 50 DMA line ($35.54). 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
|
$50.50
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-1.62
-3.11% |
$51.73
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50,510
84.04% of 50 DAV
50 DAV is 60,100
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$53.58
-5.75%
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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 - 9/26/2016 5:40:48 PM
G - Gapped down today and undercut its 50 DMA line raising concerns and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. See the latest FSU analysis for more details and an 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
|
$59.18
|
-1.86
-3.05% |
$61.04
|
222,822
117.90% of 50 DAV
50 DAV is 189,000
|
$61.87
-4.35%
|
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.
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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