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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 10TH, 2016
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DOW |
+218.19 |
18,807.88 |
+1.17% |
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Volume |
1,403,655,490 |
+1% |
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Volume |
2,689,974,100 |
+4% |
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NASDAQ |
-42.27 |
5,208.80 |
-0.80% |
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Advancers |
1,427 |
47% |
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Advancers |
1,786 |
61% |
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S&P 500 |
+4.22 |
2,167.48 |
+0.20% |
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Decliners |
1,628 |
53% |
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Decliners |
1,141 |
39% |
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Russell 2000 |
+19.45 |
1,251.61 |
+1.58% |
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52 Wk Highs |
286 |
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52 Wk Highs |
369 |
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S&P 600 |
+14.08 |
762.35 |
+1.88% |
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52 Wk Lows |
178 |
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52 Wk Lows |
68 |
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Dow Jones Industrial Average Hits Record High on Financials' Strength
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly higher on Thursday. The Dow advanced 218 points to 18807. The S&P 500 added 4 points to 2167 and the Nasdaq Composite fell 42 points to 5208. Volume totals rose versus the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by 3-2 on the Nasdaq exchange but decliners outnumbered advancers 8-7 on the NYSE. Leadership improved as there were 128 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 84 on the prior session. New 52-week highs totals swelled and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index slumped back below its 50-day moving average (DMA) line. The Dow Jones Industrial Average climbed to an all-time high on Thursday as Financials rallied +3.7% on the session. The benchmark S&P 500 Index rose further above its 50 DMA line and closed -1.2% off its record high. The major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
Health Care shares also outperformed amid speculation a Trump administration would pursue business-friendly policies to benefit drugmakers. In Fed news, St. Louis Fed President James Bullard said the central bank has positioned itself for a possible rate hike in December. On the data front, initial jobless claims came in at 254,000, below the expected 260,000.
Six of 11 sectors in the S&P 500 finished in positive territory. Big banks caught a boost amid the election news as UBS (UBS +8.7%) enjoyed its best session since 2011. Elsewhere in Financials, Goldman Sachs (GS +4.3%) and JP Morgan Chase (JPM +4.6%).rose In earnings, Kohl’s (KSS +11.5%) rose as the retailer’s profit beat Street expectations. Shares of Macy’s (M +5.6%) rose after raising its full-year sales outlook. Technology stocks finished lower with Amazon (AMZN -3.8%) and Facebook (FB -1.9%).
Treasuries retreated for a second session with the benchmark 10-year note down 26/32 to yield 2.14%. In commodities, NYMEX WTI crude lost 1.7% to $44.48/barrel. COMEX gold was off 1.3% to $1256.40/ounce. In FOREX, the Dollar Index gained 0.3%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Biotech, and Oil Services Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +3.72%) and the Bank Index ($BKX +3.82%) both powered higher again on Thursday. The Biotechnology Index ($BTK +2.00%) led the tech sector while the Networking Index ($NWX +0.55%) also rose, but the Semiconductor Index ($SOX -2.12%) fell. The Oil Services Index ($OSX +1.99%) rose but the Integrated Oil Index ($XOI -0.26%) edged lower. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU -6.69%) was a standout decliner. It recently met resistance at its 50-day moving average (DMA) line, and it violated its 200 DMA line with the large loss on Thursday's session.
| Oil Services |
$OSX |
159.05 |
+3.10 |
+1.99% |
+0.84% |
| Integrated Oil |
$XOI |
1,160.87 |
-3.04 |
-0.26% |
+8.22% |
| Semiconductor |
$SOX |
806.09 |
-17.50 |
-2.12% |
+21.49% |
| Networking |
$NWX |
421.71 |
+2.31 |
+0.55% |
+12.18% |
| Broker/Dealer |
$XBD |
188.70 |
+6.77 |
+3.72% |
+5.96% |
| Retail |
$RLX |
1,325.01 |
-1.21 |
-0.09% |
+3.24% |
| Gold & Silver |
$XAU |
83.82 |
-6.01 |
-6.69% |
+85.03% |
| Bank |
$BKX |
81.85 |
+3.01 |
+3.82% |
+12.00% |
| Biotech |
$BTK |
3,387.17 |
+66.39 |
+2.00% |
-11.19% |
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Hit New High With Gain Lacking Great Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ollie's Bargain Outlet (OLLI +$0.75 or +2.67% to $28.85) hit a new high with today's big gain backed by +26% above average volume. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal.
It reported earnings +50% on +16% sales revenues for the Jul '16 quarter, continuing its strong earnings track record with results above the +25% minimum earnings guideline (C criteria) for a 6th consecutive quarter. Its annual earnings (A criteria) history has been good. OLLI was last shown in this FSU section on 10/04/16 with an annotated graph under the headline, "Gapped Up on News Being Added to S&P 600 Small Cap Index", after a new pivot point was cited based on its 9/01/16 high plus 10 cents in the mid-day report (read here).
OLLI completed its $16 IPO on 7/16/15. The Retail-Discount and Variety firm 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 235 in Sep '16, a reassuring sign concerning the I criteria. Its small supply of only 60.2 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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$269.42
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-2.58
-0.95% |
$277.33
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957,136
227.35% of 50 DAV
50 DAV is 421,000
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$294.38
-8.48%
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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 - 11/7/2016 5:47:43 PM
Y - Posted a gain today with +39% above average volume conviction. Previously noted - "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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$19.77
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+0.61
3.18% |
$20.18
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591,000
328.33% of 50 DAV
50 DAV is 180,000
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$19.30
2.44%
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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 - 11/10/2016 12:37:33 PM
G - Hitting another new high with today's 2nd consecutive volume-driven gain and its color code is changed to green after rallying above its "max buy" level. Its 50 DMA line and prior highs define 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 |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$228.62
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-23.24
-9.23% |
$252.10
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4,625,973
388.08% of 50 DAV
50 DAV is 1,192,000
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$272.58
-16.13%
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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 - 11/10/2016 5:36:27 PM
G - Reported earnings +40% on +32% sales revenues for the Sep '16 quarter. Violated its 50 DMA line and recent lows with a big volume-driven loss triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook.
>>> 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 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$45.55
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-1.15
-2.46% |
$47.27
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161,002
117.52% of 50 DAV
50 DAV is 137,000
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$47.72
-4.55%
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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 - 11/8/2016 12:35:06 PM
Y - Considerable volume-driven gains helped it rebound above its 50 DMA line ($45.07) to nearly challenge its 52-week high. Gains with more than +40% above average volume while rising above the pivot point may trigger a new (or add on) technical buy signal. Halted its slide in the $41 area. Subsequent losses leading to deterioration below recent lows would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Still Building on New Base Pattern - 10/25/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$23.30
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-0.13
-0.55% |
$24.14
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330,842
199.30% of 50 DAV
50 DAV is 166,000
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$23.59
-1.23%
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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 - 11/9/2016 5:54:10 PM
Y - Triggered a technical buy signal with a big gain for new highs backed by +151% above average volume. No resistance remains due to overhead supply. Prior highs now define near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By +151% Above Average Volume - 11/9/2016 |
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 |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
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$59.77
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+2.13
3.70% |
$59.99
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242,377
372.89% of 50 DAV
50 DAV is 65,000
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$57.78
3.44%
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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 - 11/10/2016 1:11:37 PM
G - Hitting new all-time highs with above average volume behind today's 4th consecutive gain, getting extended from its prior base. Found support near its 50 DMA line in recent weeks. Prior highs in the $53 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Relative Strength Improved as Bullish Action Has Continued - 11/7/2016 |
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
|
$28.85
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+0.75
2.67% |
$29.75
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1,356,035
126.26% of 50 DAV
50 DAV is 1,074,000
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$28.72
0.45%
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10/4/2016
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$27.36
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PP = $28.70
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MB = $30.14
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Most Recent Note - 11/10/2016 5:39:54 PM
Y - Hit a new high with today's big gain backed by +26% above average volume. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Hit New High With Gain Lacking Great Volume Conviction - 11/10/2016 |
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
at any time. Questions or comments may be submitted
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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