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AFTER MARKET UPDATE - MONDAY, OCTOBER 24TH, 2016
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DOW |
+77.32 |
18,223.03 |
+0.43% |
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Volume |
779,555,730 |
-10% |
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Volume |
1,396,227,030 |
-7% |
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NASDAQ |
+52.43 |
5,309.83 |
+1.00% |
|
Advancers |
1,777 |
61% |
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Advancers |
1,712 |
60% |
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S&P 500 |
+10.17 |
2,151.33 |
+0.47% |
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Decliners |
1,158 |
39% |
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Decliners |
1,122 |
40% |
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Russell 2000 |
+8.35 |
1,226.45 |
+0.69% |
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52 Wk Highs |
112 |
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52 Wk Highs |
122 |
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S&P 600 |
+5.89 |
739.78 |
+0.80% |
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52 Wk Lows |
22 |
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52 Wk Lows |
53 |
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Major Averages Rose With Better Leadership and More Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 77 points to 18223. The S&P 500 added 10 points to 2151 and the Nasdaq Composite gained 52 points to 5309. The reported volume totals were lower than the prior session total on the NYSE and on the Nasdaq exchange. Advancers outnumbered decliners 3-2 on the NYSE and on the Nasdaq exchange. There were 38 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 14 on the prior session. New 52-week highs expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average recently met resistance at 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 Monday as investors digested quarterly earnings releases and increased deal activity. On the data front, Markit’s survey of U.S. manufacturing expanded to 53.2 in October, above analyst expectations. In Fed news, St. Louis President James Bullard stated low interest rates will likely be the norm during the next two to three years.
Eight of 11 sectors in the S&P 500 finished in positive territory. In earnings, T-Mobile (TMUS +9.50%) after the company raised its forward revenue guidance. Kimberly-Clark Corp (KMB -4.74%) as the consumer products maker missed Wall Street profit forecasts. On the M&A front, B/E Aerospace (BEAV +16.36%) after agreeing to a $6.4 billion takeover offer from Rockwell Collins (COL -6.22%). Time Warner (TWX -3.06%) fell as the media giant agreed to be acquired by AT&T (T -1.68%) for $85.4 billion. Finally, TD Ameritrade (AMTD -4.37%) fell with news the online brokerage will purchase Scottrade Financial for $4 billion.
Treasuries declined along the curve with the benchmark 10-year note down 8/32 to yield 1.76%. In commodities, NYMEX WTI crude lost 0.5% to $50.57/barrel. COMEX gold was off 0.3% to $1262.00/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank, Retail, Networking and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were mixed on Monday as the Broker/Dealer Index ($XBD -0.35%) fell modestly and the Bank Index ($BKX +0.47%) edged higher. The Retail Index ($RLX +1.08%) posted a slightly better gain. The Gold & Silver Index ($XAU -1.95%) and the Oil Services Index ($OSX -1.17%) both fell while the Integrated Oil Index ($XOI +0.13%) inched higher. The Networking Index ($NWX +0.98%) and the Semiconductor Index ($SOX +1.87%) rose, but the Biotechnology Index ($BTK -0.47%) was slightly lower. Charts courtesy www.stockcharts.com
 PICTURED: The Networking Index ($NWX +0.98%) rebounded near its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
161.58 |
-1.90 |
-1.16% |
+2.44% |
| Integrated Oil |
$XOI |
1,165.75 |
+1.54 |
+0.13% |
+8.67% |
| Semiconductor |
$SOX |
829.79 |
+15.26 |
+1.87% |
+25.07% |
| Networking |
$NWX |
397.27 |
+3.84 |
+0.98% |
+5.68% |
| Broker/Dealer |
$XBD |
173.17 |
-0.62 |
-0.35% |
-2.76% |
| Retail |
$RLX |
1,367.68 |
+14.67 |
+1.08% |
+6.56% |
| Gold & Silver |
$XAU |
85.17 |
-1.70 |
-1.96% |
+88.01% |
| Bank |
$BKX |
74.03 |
+0.34 |
+0.46% |
+1.30% |
| Biotech |
$BTK |
3,044.14 |
-14.23 |
-0.47% |
-20.18% |
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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
|
$266.95
|
+4.09
1.56% |
$267.21
|
450,890
124.21% of 50 DAV
50 DAV is 363,000
|
$294.38
-9.32%
|
5/11/2016
|
$248.33
|
PP = $245.00
|
|
MB = $257.25
|
Most Recent Note - 10/20/2016 5:36:53 PM
G - Rebounded near its 50 DMA line with today's volume-driven gain while issuing a Special Dividend. See the latest FSU analysis for additional details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line Needed - 10/19/2016 |
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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$18.85
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+0.21
1.13% |
$18.96
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229,288
136.48% of 50 DAV
50 DAV is 168,000
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$19.08
-1.21%
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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 - 10/24/2016 12:17:18 PM
Y - Holding its ground near its 52-week high and near its "max buy" level after last week's big volume-driven gains above its pivot point triggered a technical buy signal. Prior highs and its 50 DMA line define near-term support in the $18 area where violations would trigger technical sell signals.
>>> 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
|
$15.10
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-0.65
-4.13% |
$15.90
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124,789
166.39% of 50 DAV
50 DAV is 75,000
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$18.16
-16.85%
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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 - 10/24/2016 3:57:51 PM
G - Slumping near support at its prior low ($15.00 on 9/14/16). More damaging losses would raise serious concerns. Only a prompt rebound above the 50 DMA line ($16.19) 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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$267.18
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+3.65
1.39% |
$268.36
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926,072
76.16% of 50 DAV
50 DAV is 1,216,000
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$272.58
-1.98%
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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 - 10/20/2016 5:34:09 PM
G - Holding its ground stubbornly near its all-time high with recent volume totals cooling. Repeatedly noted - "Very extended from any sound base. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains - 10/21/2016 |
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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$45.00
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-0.59
-1.29% |
$46.07
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66,009
34.38% of 50 DAV
50 DAV is 192,000
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$47.72
-5.70%
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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 - 10/24/2016 4:01:18 PM
Y - Quietly consolidating near its 50 DMA line ($45.07) 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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$62.30
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+1.15
1.88% |
$62.85
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76,822
38.03% of 50 DAV
50 DAV is 202,000
|
$69.53
-10.40%
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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 - 10/24/2016 3:59:21 PM
G - Rebounding near its 50 DMA line ($62.88) with today's gain on light volume. A new pivot point was cited based on its 9/06/16 high, however a rally above the 50 DMA line and convincing volume-driven gains above the pivot point 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 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$52.44
|
+2.47
4.94% |
$52.58
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1,443,412
269.29% of 50 DAV
50 DAV is 536,000
|
$52.93
-0.93%
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10/18/2016
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$50.25
|
PP = $53.03
|
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MB = $55.68
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Most Recent Note - 10/24/2016 12:42:06 PM
Y - Challenging its 52-week high with today's 2nd consecutive big gain backed by above average volume. Previously noted - "Subsequent volume-driven gains above its pivot point are still needed to trigger a technical buy signal. Support is defined by the recent low 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). See the latest FSU analysis for additional details and an 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
BANKING - Regional - Southeast Banks
|
$53.61
|
+0.28
0.53% |
$54.00
|
105,296
184.73% of 50 DAV
50 DAV is 57,000
|
$53.58
0.06%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 10/24/2016 4:04:25 PM
Y - Touched a new high today. Gain on 10/19/16 backed by +127% above average volume helped clinch a technical buy signal. Found support after undercutting its 50 DMA line ($51.98) 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 |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$58.85
|
+0.33
0.56% |
$59.59
|
203,616
125.69% of 50 DAV
50 DAV is 162,000
|
$61.87
-4.88%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 10/20/2016 5:30:30 PM
G - Found support near its Sep '15 high in the $56 area and today's rebound above the 50 DMA line helped its outlook improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line Helped Outlook - 10/20/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$27.64
|
+0.48
1.77% |
$27.69
|
308,593
28.39% of 50 DAV
50 DAV is 1,087,000
|
$28.72
-3.76%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 10/24/2016 4:02:43 PM
Y - Wedging higher above its 50 DMA line ($26.56) with gains lacking volume conviction. Since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents, members were repeatedly reminded - "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.
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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