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AFTER MARKET UPDATE - TUESDAY, OCTOBER 3RD, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+84.07 |
22,641.67 |
+0.37% |
|
Volume |
724,522,060 |
-4% |
|
Volume |
1,975,867,960 |
-1% |
|
NASDAQ |
+14.99 |
6,531.71 |
+0.23% |
|
Advancers |
1,637 |
56% |
|
Advancers |
1,438 |
54% |
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S&P 500 |
+5.46 |
2,534.58 |
+0.22% |
|
Decliners |
1,261 |
43% |
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Decliners |
1,235 |
46% |
|
Russell 2000 |
+2.49 |
1,511.97 |
+0.17% |
|
52 Wk Highs |
304 |
|
|
52 Wk Highs |
367 |
|
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S&P 600 |
+1.73 |
918.72 |
+0.19% |
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52 Wk Lows |
12 |
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52 Wk Lows |
20 |
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Major Indices Rally Further Into New High Territory
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher Tuesday. The Dow advanced 84 points to 22641. The S&P 500 gained 5 points to 2534. The Nasdaq Composite was up 15 points to 6531. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was slightly positive as advancers led decliners by a 4-3 margin on the NYSE and by a 7-6 margin on the Nasdaq exchange. There were 132 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, matching the total on the prior session. New 52-week highs totals expanded and solidly outnumbered shrinking 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 Dow Jones Industrial Average hit a new record high with a 5th consecutive gain. During the recent consolidation it found support above the prior low after undercutting its 50-day moving average (DMA) line.
The major averages' (M criteria) are in a confirmed uptrend. 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.
The major averages extended their rally and finished at new record highs as investors digested an economic update that showed automakers had their top sales month of 2017 in September.
Materials, Industrials and Consumer Discretionary helped pace the S&P 500’s gains on the session. Sherwin Williams (SHW +4.16%) rose to a new all-time high. Airlines helped the Industrials sector outperform with Delta Airlines (DAL +6.62%) up following its positive outlook. Automakers provided a tailwind to the Consumer Discretionary sector with General Motors (GM +3.08%) and Ford (F +2.07%) gaining. In earnings news, Lennar (LEN +4.79%) as the homebuilder’s quarterly results topped estimates and raised its forward guidance. Paychex (PAYX +3.64%) rose after the payroll company beat profit projections. In technology, F5 Networks (FFIV -4.77%) fell following cautious analyst comments on the network equipment maker. Utilities were down the most with Dominion Resources (D -1.03%) down.
Treasuries were slightly higher with the yield on the benchmark 10-year note down two basis points to 2.32%. NYMEX WTI is off 0.4% to $50.36/barrel. COMEX gold was down 0.1% to $1271.50/ounce. In FOREX trading, the dollar reversed early session lows and finished up less than 0.1% versus its major currency peers. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Broker/Dealer and Gold & Silver Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Tuesday the Broker/Dealer Index ($XBD +0.81%) rose but the Bank Index ($BKX +0.00%) finished flat. The Retail Index ($RLX +0.23%) posted a small gain. The tech sector saw small gains from Networking Index ($NWX +0.23%) and Semiconductor Index ($SOX +0.31%) while the Biotechnology Index ($BTK -0.14%) edged lower. The Gold & Silver Index ($XAU +1.12%) outpaced the Integrated Oil Index ($XOI +0.22%) while the Oil Services Index ($OSX -0.97%) was a standout decliner. Charts courtesy www.stockcharts.com
 PICTURED: The Integrated Oil Index ($XOI +0.22%) has rallied well above its 200-day moving average (DMA) line, rebounding from August lows.
| Oil Services |
$OSX |
138.97 |
-1.36 |
-0.97% |
-24.39% |
| Integrated Oil |
$XOI |
1,218.81 |
+2.62 |
+0.22% |
-3.88% |
| Semiconductor |
$SOX |
1,182.43 |
+3.68 |
+0.31% |
+30.44% |
| Networking |
$NWX |
473.11 |
+1.09 |
+0.23% |
+6.06% |
| Broker/Dealer |
$XBD |
246.08 |
+1.97 |
+0.81% |
+19.88% |
| Retail |
$RLX |
1,526.51 |
+3.53 |
+0.23% |
+13.67% |
| Gold & Silver |
$XAU |
85.98 |
+0.95 |
+1.12% |
+9.03% |
| Bank |
$BKX |
99.81 |
+0.00 |
+0.00% |
+8.74% |
| Biotech |
$BTK |
4,276.11 |
-6.10 |
-0.14% |
+39.06% |
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Quietly Hit New Highs Without Great Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ollie's Bargain Outlet (OLLI +$0.20 or +0.43% to $46.30) touched a new high today with a light volume gain. It found support at its 50-day moving average (DMA) line ($44.61) recently. A new pivot point was cited based on its 8/01/17 high plus 10 cents. Gains above the pivot point must have at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Any slump back below the 50 DMA line would raise concerns, and more damaging losses below the recent low ($41.31) would trigger a worrisome technical sell signal.
Fundamentals remain strong. Recently it reported earnings +29% on +21% sales revenues for the Jul '17 quarter, continuing its strong earnings track record and meeting the +25% minimum earnings guideline (C criteria). It has earned a very strong 97 Earnings Per Share (EPS) rating. OLLI was last shown in this FSU section on 9/08/17 with an annotated graph under the headline, "Qh".
The Retail - Discount & Variety firm traded up as much as +77.2% since highlighted in yellow with a pivot point based on its 4/28/16 high plus 10 cents in 7/19/16 mid-day report (read here). OLLI completed its $16 IPO on 7/16/15. It completed a Secondary Offerings on 6/06/16 and 2/18/16. The number of top-rated funds owning its shares rose from 98 in Sep '15 to 387 in Jun '17, a reassuring sign concerning the I criteria. Its small supply of only 61.4 million shares outstanding (S criteria) can contribute to greater price 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 |
MPX
-
NYSE
Marine Products Corp
AUTOMOTIVE - Recreational Vehicles
|
$16.09
|
-0.27
-1.65% |
$16.44
|
27,289
75.80% of 50 DAV
50 DAV is 36,000
|
$17.12
-6.02%
|
9/26/2017
|
$16.30
|
PP = $16.35
|
|
MB = $17.17
|
Most Recent Note - 9/29/2017 12:53:13 PM
Y - Encountered damaging distributional pressure with a big loss today on higher volume. Members were cautioned in the prior note 5:19PM 9/27/17 - "Hit yet another new high with today's 6th consecutive gain, however, volume was only +13% above average, not indicative of heavy institutional buying demand. It was highlighted in yellow with pivot point cited based on its 7/12/17 high plus 10 cents in the 9/26/17 mid-day report. Gains above the pivot point must be backed by at least +40% above average volume to clinch a convincing technical buy signal. See the latest FSU analysis for more details and an annotated graph."
>>> FEATURED STOCK ARTICLE : Powerboat Maker Hit Another New 52-Week High - 9/26/2017 |
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C
A
S
I |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
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$128.10
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+0.23
0.18% |
$129.71
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945,943
147.34% of 50 DAV
50 DAV is 642,000
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$128.05
0.04%
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8/14/2017
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$106.67
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PP = $110.01
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MB = $115.51
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Most Recent Note - 10/2/2017 9:33:58 PM
G - Hit yet another new 52-week high with today's 6th consecutive volume-driven gain, getting more extended from the previously noted base. Prior highs in the $115 area define initial support to watch on pullbacks. Fundamentals remain strong.
>>> 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
|
$239.50
|
-0.97
-0.40% |
$240.95
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2,561,118
98.43% of 50 DAV
50 DAV is 2,602,000
|
$259.36
-7.66%
|
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 - 10/3/2017 8:52:01 PM
G - A rebound above the 50 DMA line ($247.59) is needed for its outlook to improve. More damaging losses below the recent low ($231.53 on 9/25/17) would raise serious concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Technical Deterioration Raises Concerns - 9/21/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers
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$90.32
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+0.19
0.21% |
$94.00
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1,962,189
110.11% of 50 DAV
50 DAV is 1,782,000
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$90.66
-0.38%
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9/25/2017
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$80.26
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PP = $83.10
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MB = $87.26
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Most Recent Note - 10/3/2017 11:45:17 AM
G - Hit another new 52-week high today, getting more extended from its prior base. Recent gains above the pivot point triggered a technical buy signal. Prior highs in the $83 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Challenging Prior HIgh - 9/25/2017 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
|
$215.75
|
+4.15
1.96% |
$220.00
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448,726
98.62% of 50 DAV
50 DAV is 455,000
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$220.25
-2.04%
|
9/11/2017
|
$193.65
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PP = $220.35
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MB = $231.37
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Most Recent Note - 10/2/2017 9:30:22 PM
Y - Posted a big gain today with light volume, riaing toward the new pivot point cited based on its 8/07/17 high plus 10 cents. Faces little 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 ($194) 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 |
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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$122.17
|
+4.24
3.60% |
$122.35
|
367,309
103.76% of 50 DAV
50 DAV is 354,000
|
$126.29
-3.26%
|
9/29/2016
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$46.12
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PP = $47.82
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|
MB = $50.21
|
Most Recent Note - 10/3/2017 8:54:23 PM
G - Holding its ground near its all-time high , still very 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 ($109.80) defines near-term support.
>>> FEATURED STOCK ARTICLE : Considerable Rally However Fundamental Concerns Were Raised - 9/12/2017 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$37.17
|
-0.61
-1.61% |
$38.19
|
239,973
112.14% of 50 DAV
50 DAV is 214,000
|
$39.29
-5.40%
|
7/28/2017
|
$33.50
|
PP = $33.32
|
|
MB = $34.99
|
Most Recent Note - 9/27/2017 5:36:00 PM
G - Posted a 2nd consecutive gain today on light volume. The 50 DMA line ($34.81) defines near-term support to watch above prior highs in the $33 area.
>>> FEATURED STOCK ARTICLE : Quietly Pulling Back From High After More Volume-Driven Gains - 9/22/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$40.54
|
+0.20
0.50% |
$40.70
|
578,638
79.81% of 50 DAV
50 DAV is 725,000
|
$41.44
-2.17%
|
7/3/2017
|
$38.05
|
PP = $39.60
|
|
MB = $41.58
|
Most Recent Note - 9/29/2017 6:36:07 PM
Y - Consolidating above its 50 DMA line with very little resistance remaining due to overhead supply. See the latest FSU analysis for more details for a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of Prior High - 9/29/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$128.70
|
+2.10
1.66% |
$129.40
|
511,589
58.27% of 50 DAV
50 DAV is 878,000
|
$145.30
-11.42%
|
8/31/2017
|
$128.22
|
PP = $127.78
|
|
MB = $134.17
|
Most Recent Note - 9/28/2017 6:00:43 PM
Y - Holding its ground after pulling back near prior highs in the $127-130 area. Its 50 DMA line ($122.36) defines the next important support to watch. See the latest FSU analysis for more details and a new annotated graph
>>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs Following Recent Breakout - 9/28/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$189.42
|
-1.01
-0.53% |
$191.88
|
314,928
36.96% of 50 DAV
50 DAV is 852,000
|
$193.24
-1.98%
|
8/4/2017
|
$173.31
|
PP = $163.07
|
|
MB = $171.22
|
Most Recent Note - 10/3/2017 8:44:52 PM
G - Hovering near its all-time high. extended from any sound base. Its 50 DMA line ($172.60) defines important near-term support to watch. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Additional Volume-Driven Gains - 9/19/2017 |
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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
|
$54.23
|
+0.56
1.04% |
$54.62
|
1,180,090
60.55% of 50 DAV
50 DAV is 1,949,000
|
$57.61
-5.87%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 10/2/2017 9:28:37 PM
G - Posted a gain today with near average volume, rebounding above its 50 DMA line, helping its outlook to improve. More damaging losses below the recent low ($49.60 on 9/22/17) would raise greater concerns. The next near-term support is prior highs in the $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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gain Above 50-Day Moving Average Line Helped Technical Stance - 10/2/2017 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$66.95
|
+0.60
0.90% |
$67.00
|
185,182
119.47% of 50 DAV
50 DAV is 155,000
|
$66.45
0.75%
|
9/19/2017
|
$59.15
|
PP = $60.10
|
|
MB = $63.11
|
Most Recent Note - 9/28/2017 12:34:39 PM
Y - There was a "negative reversal" after early gains into new high territory today following 2 consecutive volume-driven gains. Color code is changed to yellow after retreating below its "max buy" level. Prior highs in the $60 area define initial support after the technical breakout this week.
>>> 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 Corp
BANKING - Regional - Southeast Banks
|
$43.75
|
+0.55
1.27% |
$43.80
|
65,786
177.80% of 50 DAV
50 DAV is 37,000
|
$43.80
-0.11%
|
4/25/2017
|
$38.95
|
PP = $40.09
|
|
MB = $42.09
|
Most Recent Note - 10/3/2017 11:41:02 AM
G - Perched at its 52-week high following to an impressive spurt of volume-driven gains. Recently reported Jun '17 earnings +23% on +45% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> 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
|
$46.30
|
+0.20
0.43% |
$46.82
|
407,791
72.30% of 50 DAV
50 DAV is 564,000
|
$46.70
-0.86%
|
9/8/2017
|
$45.20
|
PP = $46.18
|
|
MB = $48.49
|
Most Recent Note - 9/27/2017 5:31:21 PM
Y - Found support at its 50 DMA line ($44.40) and posted a solid gain today ending near its session high and near its all-time high. New pivot point cited was based on its 8/01/17 high plus 10 cents. 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 : Quietly Hit New Highs Without Great Volume Conviction - 10/3/2017 |
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A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$40.06
|
+0.61
1.55% |
$40.21
|
207,643
89.50% of 50 DAV
50 DAV is 232,000
|
$39.68
0.96%
|
9/18/2017
|
$37.04
|
PP = $39.78
|
|
MB = $41.77
|
Most Recent Note - 9/27/2017 5:15:36 PM
Y - Rebounded further above its 50 DMA line ($36.48) today and finished near the session high. Approaching the new pivot point 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. Subsequent losses below the recent low ($34.41 on 8/18/17) would raise more serious concerns and trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebounding Toward Prior High and New Pivot Point - 9/27/2017 |
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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.
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
or 954-785-1121.
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