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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 1ST, 2016
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DOW |
-105.32 |
18,037.10 |
-0.58% |
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Volume |
1,053,416,390 |
+2% |
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Volume |
1,718,717,180 |
+13% |
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NASDAQ |
-35.55 |
5,153.58 |
-0.69% |
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Advancers |
708 |
24% |
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Advancers |
879 |
28% |
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S&P 500 |
-14.43 |
2,111.72 |
-0.68% |
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Decliners |
2,249 |
76% |
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Decliners |
2,288 |
72% |
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Russell 2000 |
-13.36 |
1,178.03 |
-1.12% |
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52 Wk Highs |
29 |
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52 Wk Highs |
37 |
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S&P 600 |
-9.82 |
712.77 |
-1.36% |
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52 Wk Lows |
82 |
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52 Wk Lows |
155 |
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Breadth Negative as Indices Fell Again With Higher Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow was down 105 points to 18037. The S&P 500 lost 14 points to 2111 and the Nasdaq Composite fell 35 points to 5153. The S&P 500 Index and the Dow Jones Industrial Average both slumped below prior lows intra-day before recovering from the session's worst levels. The volume totals were reported higher than the prior session total on the NYSE and on the Nasdaq exchange, revealing more institutional selling pressure. Breadth was negative as decliners led advancers by more than 3-1 on the NYSE and more than 2-1 on the Nasdaq exchange. There were 15 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 17 on the prior session. New 52-week lows outnumbered new 52-week highs on the NYSE and Nasdaq exchange.
PICTURED: The Nasdaq Composite Index slumped below its 50-day moving average (DMA) line toward prior lows with a streak of 6 consecutive losses.
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 Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages declined on the session as investors digested mixed economic releases and the start of the Fed’s two-day November policy meeting. The central bank is not expected to change its benchmark interest rate ahead of next week’s U.S. presidential election. Overseas, the Bank of Japan decided to leave its stimulus program unchanged and reduced its inflation forecasts. On the domestic front, Markit’s survey of U.S. manufacturing expanded to 53.4 in October while ISM’s manufacturing index yielded a 51.9 reading.
Ten of 11 sectors in the S&P 500 finished in negative territory. In earnings, Pfizer (PFE -2%) fell as the drugmaker lowered its full-year forecast. Shares of Cummins (CUM -4.3%) fell with reported demand weakness in numerous markets. In the consumer space, L Brands (LB -7.9%) felll after comparable-store sales fell short of analyst estimates. Coach (COH +2.2%) rose as the retailer’s quarterly profit matched Street expectations. Over in Industrials, Archer Daniels Midland (ADM +7.3%) rose after the grain processor posted better-than-expected quarterly results.
Treasuries pared early losses and finished higher with the benchmark 10-year note up 1/32 to yield 1.82%. In commodities, NYMEX WTI crude lost 0.2% to $46.77/barrel. In FOREX, the Dollar Index fell 0.7%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Biotech and Gold & Silver Indexes Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.10%) and Broker/Dealer Index ($XBD -0.61%) fell while the Bank Index ($BKX +0.01%) finished flat on Tuesday. The Gold & Silver Index ($XAU +2.72%) was a standout gainer while the Oil Services Index ($OSX +0.50%) posted a smaller gain and the Integrated Oil Index ($XOI -0.04%) was unchanged. The Biotechnology Index ($BTK +1.27%) rose while the Networking Index ($NWX -0.25%) and the Semiconductor Index ($SOX -0.90%) both fell. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX +0.01%) has been approaching its 2015 highs.
| Oil Services |
$OSX |
151.54 |
+0.75 |
+0.50% |
-3.92% |
| Integrated Oil |
$XOI |
1,143.97 |
-0.49 |
-0.04% |
+6.64% |
| Semiconductor |
$SOX |
816.08 |
-7.44 |
-0.90% |
+23.00% |
| Networking |
$NWX |
397.64 |
-0.98 |
-0.25% |
+5.77% |
| Broker/Dealer |
$XBD |
169.37 |
-1.04 |
-0.61% |
-4.90% |
| Retail |
$RLX |
1,307.78 |
-14.59 |
-1.10% |
+1.89% |
| Gold & Silver |
$XAU |
89.31 |
+2.36 |
+2.71% |
+97.15% |
| Bank |
$BKX |
74.50 |
+0.01 |
+0.01% |
+1.94% |
| Biotech |
$BTK |
2,979.07 |
+37.26 |
+1.27% |
-21.89% |
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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
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NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$270.16
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-2.30
-0.84% |
$274.44
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377,853
99.96% of 50 DAV
50 DAV is 378,000
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$294.38
-8.23%
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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 - 10/31/2016 5:48:12 PM
Y - Wedged to new highs with recent gains lacking great volume conviction. Gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. 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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$18.51
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-0.17
-0.91% |
$18.91
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163,412
99.64% of 50 DAV
50 DAV is 164,000
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$19.08
-2.99%
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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 - 10/31/2016 5:40:51 PM
Y - Posted a solid gain today with above average volume. Found support when consolidating above prior highs and its 50 DMA line defining near-term support in the $18 area. Subsequent losses leading to 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 |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$249.03
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-7.96
-3.10% |
$259.89
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2,585,601
228.01% of 50 DAV
50 DAV is 1,134,000
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$272.58
-8.64%
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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 - 11/1/2016 12:38:17 PM
G - Slumping on higher volume today raising concerns after getting very extended from any sound base. Its 50 DMA line ($242.57) 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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$42.47
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-0.54
-1.26% |
$43.94
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236,354
157.57% of 50 DAV
50 DAV is 150,000
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$47.72
-11.00%
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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 - 10/31/2016 5:43:15 PM
G - Slumped further below its 50 DMA line today and undercut prior lows raising concerns and triggering technical sell signals. A rebound above the 50 DMA line ($45.20) is needed for its outlook to improve.
>>> 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 |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$20.63
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-0.31
-1.48% |
$21.23
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123,425
75.26% of 50 DAV
50 DAV is 164,000
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$22.50
-8.31%
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10/27/2016
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$21.03
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PP = $22.60
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MB = $23.73
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Most Recent Note - 10/31/2016 5:50:04 PM
Y - Pulled back on lighter volume today following 2 big volume-driven gains. Highlighted in yellow with pivot point cited based on its 9/20/16 high plus 10 cents in the 10/27/16 mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal following a base-on-base pattern. Found support above prior highs in the $18 area during its quiet consolidation and little resistance remains due to overhead supply.
>>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Gap Up and Volume-Driven Gain - 10/27/2016 |
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 |
PAYC
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NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
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$52.00
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+0.27
0.52% |
$52.52
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1,304,603
231.31% of 50 DAV
50 DAV is 564,000
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$52.93
-1.76%
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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 - 10/31/2016 5:51:31 PM
Y - Recently meeting resistance at its 52-week high. Its 50 DMA line ($50.15) defines near-term support above recent lows in the $46-48 area. 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 |
Request a new note
C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
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$53.85
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-0.29
-0.54% |
$54.42
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74,973
127.07% of 50 DAV
50 DAV is 59,000
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$54.36
-0.93%
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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 - 10/31/2016 5:46:34 PM
Y - Overcame early weakness to hit another new high and finish strong. Today's gain backed by +52% above average volume helped reconfirm a technical buy signal. Found support after undercutting its 50 DMA line ($52.23) 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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$26.55
|
-0.80
-2.93% |
$27.40
|
425,147
39.00% of 50 DAV
50 DAV is 1,090,000
|
$28.72
-7.56%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 10/31/2016 5:38:49 PM
Y - Consolidating above its 50 DMA line ($26.52) with volume totals cooling in recent weeks. 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 |
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
or 954-785-1121.
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