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AFTER MARKET UPDATE - TUESDAY, OCTOBER 18TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+75.54 |
18,161.94 |
+0.42% |
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Volume |
722,922,840 |
+5% |
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Volume |
1,331,489,570 |
+3% |
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NASDAQ |
+44.02 |
5,243.84 |
+0.85% |
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Advancers |
2,284 |
76% |
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Advancers |
1,813 |
64% |
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S&P 500 |
+13.10 |
2,139.60 |
+0.62% |
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Decliners |
707 |
24% |
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Decliners |
1,000 |
36% |
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Russell 2000 |
+7.16 |
1,217.30 |
+0.59% |
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52 Wk Highs |
64 |
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52 Wk Highs |
45 |
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S&P 600 |
+2.44 |
737.43 |
+0.33% |
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52 Wk Lows |
24 |
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52 Wk Lows |
60 |
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Breadth, Volume, and Leadership Improved Behind Indices' Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 75 points to 18161. The S&P 500 added 13 points to 2139 and the Nasdaq Composite gained 44 points to 5243. The reported volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, hinting at an increase in institutional buying demand. Advancers led decliners by 3-1 on the NYSE and 9-5 on the Nasdaq exchange. There were 17 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 7 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but again new 52-week lows outnumbered new 52-week highs on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average recently met resistance when trying to rebound above its 50-day moving average (DMA) line.
Recent deterioration in the charts of the major averages (M criteria) and evaporating leadership (fewer stocks hitting new highs) are signs that the uptrend is under pressure. The S&P 500 Index and the Dow Jones Industrial Average met resistance near their respective 50 DMA lines and abruptly retreated near prior lows. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages advanced on the session amid optimistic inflation data and strong corporate earnings releases. On the data front, a gauge of inflation showed that consumer prices rose at the fastest pace in five months, increasing 0.3% in September. In earnings, Goldman Sachs (GS +2.15%) rose as the investment bank’s quarterly profit rose 47% on strong trading results. UnitedHealth Group (UNH +6.90%) rose after the insurer raised its full-year outlook.
All 11 sectors in the S&P 500 finished in positive territory with Health Care shares pacing the gains. In the consumer space, Netflix (NFLX +19.03%) rallied as the company signed up 3.5 million subscribers in the third-quarter, 50% more than analyst expectations. Big banks caught a boost from the Goldman Sachs report with Morgan Stanley (MS +1.67%) also rising. In Tech, shares of International Business Machines Corp (IBM -2.62%) were lower after revenue fell for the 18th consecutive quarter. Johnson & Johnson (JNJ -2.60%) fell amid reports Pfizer (PFE +0.58%) plans to sell its bio-similar version of the company’s blockbuster drug Remicade.
Treasuries advanced along the curve with the benchmark 10-year note up 5/32 to yield 1.74%. In commodities, NYMEX WTI crude added 0.8% to $50.32/barrel. COMEX gold gained 0.5% to $1260.80/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Technology and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.12%), Bank Index ($BKX +1.26%), and the Retail Index ($RLX +1.07%) rose on Tuesday. The Gold & Silver Index ($XAU +3.77%) was a standout gainer while the Oil Services Index ($OSX +0.83%) and the Integrated Oil Index ($XOI +0.58%) edged higher. The Semiconductor Index ($SOX +1.21%), Networking Index ($NWX +0.91%) and the Biotechnology Index ($BTK +1.07%) ended unanimously higher. Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD +1.12%) is consolidating above its 50-day moving average (DMA) lines.
| Oil Services |
$OSX |
164.60 |
+1.37 |
+0.84% |
+4.36% |
| Integrated Oil |
$XOI |
1,150.97 |
+6.59 |
+0.58% |
+7.30% |
| Semiconductor |
$SOX |
814.74 |
+9.74 |
+1.21% |
+22.80% |
| Networking |
$NWX |
390.52 |
+3.52 |
+0.91% |
+3.88% |
| Broker/Dealer |
$XBD |
173.24 |
+1.92 |
+1.12% |
-2.72% |
| Retail |
$RLX |
1,344.60 |
+14.30 |
+1.07% |
+4.76% |
| Gold & Silver |
$XAU |
85.34 |
+3.11 |
+3.78% |
+88.39% |
| Bank |
$BKX |
71.83 |
+0.90 |
+1.27% |
-1.71% |
| Biotech |
$BTK |
3,063.92 |
+32.53 |
+1.07% |
-19.67% |
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Technical Breakout Needed to Trigger a Proper Buy Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Paycom Software Inc (PAYC +$0.19 or +0.38% to $50.01) was highlighted in yellow in the earlier mid-day report with new pivot point cited based on its 9/06/16 high plus 10 cents. Subsequent volume-driven gains above its pivot point and into new (N criteria) high territory are needed to trigger a proper technical buy signal.
The Computer Software - Enterprise group is a leading group (L criteria) with a Group Relative Strength rating of 97. Technically, PAYC has been consolidating near its 50-day moving average (DMA) line after finding support near prior highs in the $46 area. It has earned a 99 Earnings Per Share Rating, the highest possible rank. It reported earnings +110% on +61% sales revenues for the Jun '16 quarter, and prior quarterly earnings were above the +25% minimum guideline (C criteria).
The number of top-rated funds owning its shares rose from 286 in Mar '16 to 334 in Sep '16, a reassuring sign concerning the I criteria. It has a Timeliness rating of A and Sponorship rating of C It completed Secondary Offerings on on 11/13/15, 9/16/15, 5/15/15 and 1/14/15 since its $15 IPO on 4/15/14.
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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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$282.08
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+2.05
0.73% |
$282.97
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291,302
85.18% of 50 DAV
50 DAV is 342,000
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$294.38
-4.18%
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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 - 10/17/2016 4:59:03 PM
G - Still sputtering below its 50 DMA line ($284.88). A rebound above that important short-term average is needed for its outlook improve.
>>> 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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$18.26
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+0.49
2.76% |
$18.34
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316,671
201.70% of 50 DAV
50 DAV is 157,000
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$18.40
-0.76%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 10/18/2016 3:37:56 PM
Y - Found support near its 50 DMA line ($17.75). Poised for possibly its best-ever close with a strong finish today. A convincing volume-driven gain above its pivot point may trigger a new technical buy signal. More damaging losses would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Another Volume-Driven Gain - 10/10/2016 |
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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$15.90
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+0.45
2.91% |
$15.95
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24,721
30.90% of 50 DAV
50 DAV is 80,000
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$18.16
-12.44%
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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 - 10/18/2016 3:33:58 PM
G - Found support at prior low ($15.00 on 9/14/16). More damaging losses would raise serious concerns. Only a prompt rebound above the 50 DMA line ($16.12) would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 9/27/2016 |
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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$265.57
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+4.47
1.71% |
$268.99
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877,483
72.22% of 50 DAV
50 DAV is 1,215,000
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$272.58
-2.57%
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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 - 10/14/2016 12:26:48 PM
G - Touched yet another new all-time high today but erased its early gain. Repeatedly noted - "Very extended from any sound base. Its 50 DMA line 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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$45.14
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+0.61
1.37% |
$45.67
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153,927
81.01% of 50 DAV
50 DAV is 190,000
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$47.72
-5.41%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 10/17/2016 4:55:22 PM
Y - Quietly consolidating near its 50 DMA line ($44.37) and prior low ($43.50 on 9/12/16) which define near term support where violations would raise concerns and trigger technical sell signals. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal.
>>> 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 |
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 |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$62.45
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-0.25
-0.40% |
$63.20
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48,206
23.40% of 50 DAV
50 DAV is 206,000
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$69.53
-10.18%
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9/28/2016
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$64.85
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PP = $66.87
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MB = $70.21
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Most Recent Note - 10/14/2016 5:11:59 PM
Y - Volume totals have been cooling while consolidating near 50 DMA line. A new pivot point was cited based on its 9/06/16 high, however volume-driven gains are still needed to trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Support While Building on a New "Double Bottom" Base Pattern - 9/28/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$50.01
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+0.19
0.38% |
$50.50
|
975,567
183.72% of 50 DAV
50 DAV is 531,000
|
$52.93
-5.52%
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10/18/2016
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$50.25
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PP = $53.03
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MB = $55.68
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Most Recent Note - 10/18/2016 5:10:47 PM
Y - Churned +85% above average volume but made little progress today after highlighted in yellow with new pivot point cited based on its 9/06/16 high plus 10 cents. Subsequent volume-driven gains above its pivot point are needed to trigger a technical buy signal. Consolidating near its 50 DMA line after finding support near prior highs in the $46 area. Reported earnings +110% on +61% sales revenues for the Jun '16 quarter, and prior quarterly earnings were above the +25% minimum guideline (C criteria). Completed yet another Secondary Offering on 11/13/15. Since its $15 IPO on 4/15/14 it completed Secondary Offerings on 9/16/15, 5/15/15 and 1/14/15. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Breakout Needed to Trigger a Proper Buy Signal - 10/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
SFBS
-
NASDAQ
"ServisFirst Bancshares, Inc"
BANKING - Regional - Southeast Banks
|
$51.54
|
-0.26
-0.50% |
$52.12
|
137,906
260.20% of 50 DAV
50 DAV is 53,000
|
$53.58
-3.81%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 10/18/2016 1:02:13 PM
G - Managed a "positive reversal" after early lows today undercutting its 50 DMA line ($51.78). Perched within close striking distance of its 52-week high. Subsequent volume-driven gains for new highs would trigger a technical buy signal. More damaging losses would raise concerns.
>>> 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
|
$57.77
|
+1.40
2.48% |
$57.90
|
102,138
59.73% of 50 DAV
50 DAV is 171,000
|
$61.87
-6.63%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 10/18/2016 3:35:33 PM
G - Found support on the prior session near its Sep '15 high in the $56 area. Only a prompt rebound above the 50 DMA line ($58.56) would help its outlook improve.
>>> 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 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$27.17
|
+0.29
1.08% |
$27.62
|
687,319
63.29% of 50 DAV
50 DAV is 1,086,000
|
$28.72
-5.40%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 10/17/2016 4:59:47 PM
Y - Still quietly consolidating above its 50 DMA line ($26.55) since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal."
>>> FEATURED STOCK ARTICLE : Gapped Up on News Being Added to S&P 600 Small Cap Index - 10/4/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
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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.
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