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AFTER MARKET UPDATE - TUESDAY, OCTOBER 25TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-53.76 |
18,169.27 |
-0.30% |
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Volume |
818,471,430 |
+5% |
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Volume |
1,428,251,400 |
+2% |
|
NASDAQ |
-26.43 |
5,283.40 |
-0.50% |
|
Advancers |
1,162 |
40% |
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Advancers |
886 |
32% |
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S&P 500 |
-8.17 |
2,143.16 |
-0.38% |
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Decliners |
1,774 |
60% |
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Decliners |
1,920 |
68% |
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Russell 2000 |
-10.34 |
1,216.10 |
-0.84% |
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52 Wk Highs |
71 |
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52 Wk Highs |
71 |
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S&P 600 |
-7.08 |
732.70 |
-0.96% |
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52 Wk Lows |
31 |
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52 Wk Lows |
73 |
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Indices Fall as Distributional Pressure Remains a Concern
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow was down 53 points to 18169. The S&P 500 lost 8 points to 2143 and the Nasdaq Composite fell 26 points to 5283. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of distributional pressure. Decliners led advancers by 3-2 on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 25 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 38 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows slightly led new highs on the Nasdaq exchange. PICTURED: The S&P 500 Index halted its slide near prior lows but remains below its 50-day moving average (DMA) line. Gains above that important short-term average are needed for its outlook to improve.
Recent deterioration in the charts of the major averages (M criteria) and less 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 declined on the session as investors digested mixed corporate earnings reports. Shares of 3M Co. (MMM -2.94%) were down as the company lowered its full-year guidance. Caterpillar (CAT -1.76%) fell after the heavy equipment maker’s revenue fell short of Street forecasts. On the data front, consumer sentiment fell to a three-month low in October, below analyst expectations. Separately, the Case-Shiller Index showed U.S. home prices increased 5.1% year-over-year in August.
Nine of 11 sectors in the S&P 500 finished in negative territory. In the consumer space, Under Armour (UA -13.22%) fell amid news the apparel retailer is expanding at slowest pace since 2009. The new General Motors Company (GM -4.18%) fell despite reporting record net income in the third-quarter. Shares of Procter & Gamble (PG +3.41%) gained ground as organic sales increased for the quarter. In Tech, Nielsen (NLSN -16.89%) fell after reducing forward EPS outlook. Baker Hughes (BHI +4.30%) rose as the company boosted its annual savings forecast to $650 million.
Treasuries finished mostly higher with the benchmark 10-year note up 2/32 to yield 1.75%. In commodities, NYMEX WTI crude lost 1.4% to $49.84/barrel. COMEX gold gained 0.8% to $1271.90/ounce. In FOREX, the Dollar Index fell 0.1%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Broker/Dealer, Retail, Tech, and Energy Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.01%) and Broker/Dealer Index ($XBD -0.97%) both fell on Tuesday while the Bank Index ($BKX +0.06%) held its ground. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +2.52%) rose but the Oil Services Index ($OSX -1.06%) and Integrated Oil Index ($XOI -0.62%) both fell. The Biotechnology Index ($BTK -1.23%) and the Networking Index ($NWX -0.84%) both fell and the Semiconductor Index ($SOX -0.14%) also ended slightly lower. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX -0.14%) found support near its 50-day moving average (DMA) line on recent pullbacks.
| Oil Services |
$OSX |
159.86 |
-1.72 |
-1.06% |
+1.35% |
| Integrated Oil |
$XOI |
1,158.48 |
-7.27 |
-0.62% |
+8.00% |
| Semiconductor |
$SOX |
828.67 |
-1.12 |
-0.13% |
+24.90% |
| Networking |
$NWX |
393.94 |
-3.33 |
-0.84% |
+4.79% |
| Broker/Dealer |
$XBD |
171.50 |
-1.68 |
-0.97% |
-3.70% |
| Retail |
$RLX |
1,353.81 |
-13.87 |
-1.01% |
+5.48% |
| Gold & Silver |
$XAU |
87.31 |
+2.14 |
+2.51% |
+92.74% |
| Bank |
$BKX |
74.08 |
+0.04 |
+0.05% |
+1.37% |
| Biotech |
$BTK |
3,006.57 |
-37.57 |
-1.23% |
-21.17% |
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Still Building on New Base Pattern
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
China Lodging Group Ads (HTHT +$0.28 or +0.62% to $45.28) has been quietly consolidating near its 50-day moving average (DMA) line ($45.12) and above its prior low ($43.50 on 9/12/16) which defines near term support. Damaging 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.
HTHT was last shown in this FSU section on 9/20/16 with an annotated graph under the headline, "Possibly Forming New Base While Holding Ground Near Highs". It has traded up as much as +22.7% since first featured in yellow in the 7/13/16 mid-day report (read here). Gains for another new 52-week high (N criteria) may signal the beginning of another substantial leg up.
Recently it reported earnings +71% on +6% sales revenues for the Jun '16 quarter, continuing its strong earnings track record of increases greater than +25% versus the year-ago periods. The number of top-rated funds owing its shares rose from 87 in Sep '15 to 138 in Sep '16, a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has a B Timeliness rating and a D Sponsorship rating. Its small supply of 27 million shares (S criteria) in the public float may 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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$268.12
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+1.17
0.44% |
$269.13
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535,076
147.00% of 50 DAV
50 DAV is 364,000
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$294.38
-8.92%
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10/25/2016
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$268.12
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PP = $269.41
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MB = $282.88
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Most Recent Note - 10/25/2016 4:53:32 PM
Y - Color code is change to yellow and a new pivot point is cited based on its 9/07/16 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Posted a gain on above average volume today for a best-ever close. Rebounded above its 50 DMA line with volume-driven gains after issuing a Special Dividend effective 10/20/16.
>>> 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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$18.76
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-0.09
-0.48% |
$18.94
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154,474
90.87% of 50 DAV
50 DAV is 170,000
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$19.08
-1.68%
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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 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$14.70
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-0.40
-2.65% |
$15.35
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152,702
200.92% of 50 DAV
50 DAV is 76,000
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$18.16
-19.05%
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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 - 10/25/2016 4:47:56 PM
G - Violated its prior low ($15.00 on 9/14/16) with today's 2nd consecutive damaging volume-driven loss raising more serious concerns and triggering another technical sell signal. The 200 DMA line ($14.07) defines the next important support level. A rebound above the 50 DMA line ($16.20) is needed for 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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$269.60
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+2.42
0.91% |
$270.44
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974,727
80.42% of 50 DAV
50 DAV is 1,212,000
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$272.58
-1.09%
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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 - 10/25/2016 4:54:50 PM
G - Held its ground stubbornly and posted a gain on light volume for a best-ever close today. 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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$45.28
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+0.28
0.62% |
$45.55
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63,654
33.33% of 50 DAV
50 DAV is 191,000
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$47.72
-5.11%
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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 : Still Building on New Base Pattern - 10/25/2016 |
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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$59.75
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-2.55
-4.09% |
$62.15
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135,633
67.48% of 50 DAV
50 DAV is 201,000
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$69.53
-14.07%
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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 - 10/25/2016 4:44:07 PM
G - Slumped further below its 50 DMA line ($62.85) today. Prior low ($58.43 on 9/20/16) defines important near term support. 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
|
$51.96
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-0.48
-0.92% |
$52.80
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946,534
169.93% of 50 DAV
50 DAV is 557,000
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$52.93
-1.83%
|
10/18/2016
|
$50.25
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PP = $53.03
|
|
MB = $55.68
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Most Recent Note - 10/25/2016 4:44:47 PM
Y - Mat resistance at its 52-week high today following 2 consecutive big gains 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)."
>>> 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
|
$53.59
|
-0.02
-0.04% |
$53.89
|
39,622
67.27% of 50 DAV
50 DAV is 58,900
|
$54.00
-0.76%
|
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
|
$57.83
|
-1.02
-1.73% |
$59.78
|
141,840
86.49% of 50 DAV
50 DAV is 164,000
|
$61.87
-6.53%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 10/25/2016 4:56:55 PM
G - Slumped below its 50 DMA line again today, hurting its outlook. Recent support was found near its Sep '15 high in the $56 area. More damaging losses would raise greater concerns.
>>> 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 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$27.13
|
-0.51
-1.85% |
$27.66
|
333,888
30.86% of 50 DAV
50 DAV is 1,082,000
|
$28.72
-5.54%
|
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 |
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News |
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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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