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AFTER MARKET UPDATE - MONDAY, NOVEMBER 14TH, 2016
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DOW |
+21.03 |
18,868.69 |
+0.11% |
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Volume |
1,161,758,820 |
+2% |
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Volume |
2,136,598,050 |
+3% |
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NASDAQ |
-18.71 |
5,218.40 |
-0.36% |
|
Advancers |
1,589 |
52% |
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Advancers |
1,716 |
59% |
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S&P 500 |
-0.25 |
2,164.20 |
-0.01% |
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Decliners |
1,438 |
47% |
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Decliners |
1,197 |
41% |
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Russell 2000 |
+16.20 |
1,298.60 |
+1.26% |
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52 Wk Highs |
352 |
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52 Wk Highs |
490 |
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S&P 600 |
+11.20 |
793.04 |
+1.43% |
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52 Wk Lows |
329 |
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52 Wk Lows |
62 |
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Leadership Still Expanded While major Indices Ended Mixed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were little changed on Monday. The Dow rose 21 points to a record high of 18868. The S&P 500 slipped less than a point to 2164. The Nasdaq Composite was 19 points lower at to 5218. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly 3-2 on the Nasdaq exchange but only an 8-7 margin on the NYSE. Leadership improved as there were 170 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 125 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The S&P 400 Mid Cap Index has quickly rallied from its 200-day moving average (DMA) line to a new record high with a streak of 7 consecutive gains. This bodes well for fans of the fact-based investment system. The Dow Jones Industrial Average climbed to a new all-time high on Monday. The benchmark S&P 500 Index ended -1.4% off its record high, and only the tech-heavy Nasdaq Composite Index is sputtering below its 50 DMA line. 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.
The major averages ended a choppy session mixed as investors weighed the market’s rally last week after Donald Trump’s victory in the presidential election. There were no economic releases scheduled to provide the market direction. On the Fed front, Dallas President Robert Kaplan indicated the central bank may begin to remove some of its accommodative measures in the near-term.
Technology was the worst performing group on the session led by a decline in bellwether companies. Apple (AAPL -2.51%), Facebook (FB -3.31%) and Microsoft (MSFT -1.52%) each fell. Telecom was also weak as AT&T (T -1.0%) and Verizon (VZ -1%) both were lower. Financials were the top performing sector as banks extend their recent gains. Bank of America (BAC +5.5%) and J.P. Morgan (JPM +3.68%) both posted big gains. In M&A news, Harman (HAR +25.18%) rose after Samsung agreed to buy the auto stereo system maker for $8 billion. Mentor Graphics (MENT +18.29%) was up on Siemens' (SIEGY +0.10%) $4.5 billion offer to acquire the company.
Treasuries finished firmly lower with the 10-year shedding 25/32 to yield 2.23%. In commodities, NYMEX WTI crude was up 0.6% to $43.66/barrel. COMEX gold was off 0.4% to $1220.00/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Biotech, Networking, and Commodity-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +2.29%) and the Bank Index ($BKX +3.24%) rose again on Monday. The Semiconductor Index ($SOX -0.62%) created a small drag on the tech sector, meanwhile the Networking Index ($NWX +1.15%) and the Biotechnology Index ($BTK +2.55%) both rose. The Oil Services Index ($OSX +2.02%) and the Gold & Silver Index ($XAU +1.00%) both outpaced the Integrated Oil Index ($XOI +0.12%). The Retail Index ($RLX -1.13%) was a laggard as it slumped. Charts courtesy www.stockcharts.com
 PICTURED: The Oil Services Index ($OSX +2.02%) has rebounded near its 200-day moving average (DMA) line after finding support near prior lows.
| Oil Services |
$OSX |
159.83 |
+3.18 |
+2.03% |
+1.33% |
| Integrated Oil |
$XOI |
1,142.18 |
+1.33 |
+0.12% |
+6.48% |
| Semiconductor |
$SOX |
832.08 |
-5.16 |
-0.62% |
+25.41% |
| Networking |
$NWX |
431.54 |
+4.92 |
+1.15% |
+14.79% |
| Broker/Dealer |
$XBD |
196.25 |
+4.40 |
+2.29% |
+10.20% |
| Retail |
$RLX |
1,312.39 |
-14.94 |
-1.13% |
+2.25% |
| Gold & Silver |
$XAU |
78.83 |
+0.78 |
+1.00% |
+74.02% |
| Bank |
$BKX |
85.34 |
+2.68 |
+3.24% |
+16.78% |
| Biotech |
$BTK |
3,464.02 |
+86.00 |
+2.55% |
-9.18% |
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Big Volume Driven Gain Extends Winning Streak
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Evercore Partners Inc (EVR +$2.30 or +3.74% to $63.75) finished strong today after highlighted in yellow with pivot point based on its 11/06/15 high plus 10 cents in the earlier mid-day report (read here). It hit a new high with today's 8th consecutive gain backed by +298% above average volume, finishing near its "max buy" level. Recent gains above its 11/06/15 high backed by more than the +40% above average volume guideline triggered a proper technical buy signal.
The high-ranked Finance - Investment Banks/Brokers firm provides advisory services to multinational corporations on mergers, acquistions, divestitures and restructurings. EVR reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong and steady.
The number of top-rated funds owning its shares fell from 410 in Dec '15 to 380 in Sep '16, a less than reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 2.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness rating but a D sponsorship Rating. Its small supply of only 38.8 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
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NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$252.94
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-19.35
-7.11% |
$274.00
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2,227,012
500.45% of 50 DAV
50 DAV is 445,000
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$294.38
-14.08%
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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 - 11/14/2016 1:15:47 PM
G - Technically, it violated its 50 DMA line with a volume-driven loss today raising concerns and its color code was changed to green. Reported earnings +16% on +8% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line Needed - 10/19/2016 |
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News |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$21.30
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+0.40
1.91% |
$21.93
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561,350
283.51% of 50 DAV
50 DAV is 198,000
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$21.03
1.28%
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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 - 11/14/2016 12:37:38 PM
G - Today's 4th consecutive volume-driven gain has it getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $18 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 |
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Company Profile |
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News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$63.75
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+2.30
3.74% |
$64.30
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1,436,458
399.02% of 50 DAV
50 DAV is 360,000
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$61.65
3.41%
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11/14/2016
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$63.30
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PP = $60.73
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MB = $63.77
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Most Recent Note - 11/14/2016 5:33:51 PM
Y - Finished strong today after highlighted in yellow with pivot point based on its 11/06/15 high plus 10 cents in the earlier mid-day report. It rallied to new 52-week and multi-year highs with its 8th consecutive volume-driven gain, ending near its "max buy"" level. EVR reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$217.91
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-16.66
-7.10% |
$235.61
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1,952,139
149.70% of 50 DAV
50 DAV is 1,304,000
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$272.58
-20.06%
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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 - 11/14/2016 10:49:49 AM
G - Slumping again today following "positive reversal". Only a prompt rebound above the 50 DMA line would help its outlook. Reported earnings +40% on +32% sales revenues for the Sep '16 quarter.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains - 10/21/2016 |
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News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$47.57
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+1.26
2.72% |
$48.14
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253,728
179.95% of 50 DAV
50 DAV is 141,000
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$47.72
-0.31%
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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 - 11/14/2016 5:37:37 PM
Y - Hit a new all-time high with today's 2nd consecutive volume-driven gain. Reported earnings after the close. Volume and volatility often increase near earnings news. Gains with more than +40% above average volume while rising above the pivot point may trigger a new (or add on) technical buy signal. Subsequent losses leading to deterioration below recent lows in the $41 area would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Still Building on New Base Pattern - 10/25/2016 |
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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 |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$23.10
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-0.71
-2.98% |
$24.33
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152,533
88.68% of 50 DAV
50 DAV is 172,000
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$24.36
-5.17%
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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 - 11/14/2016 3:25:31 PM
Y - Pulling back below its "max buy" level and its color code is changed to yellow. No resistance remains due to overhead supply. Prior highs in the $22 area define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By +151% Above Average Volume - 11/9/2016 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$64.25
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+1.10
1.74% |
$64.30
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171,627
238.37% of 50 DAV
50 DAV is 72,000
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$63.29
1.52%
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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 - 11/14/2016 1:13:09 PM
G - Perched at new all-time highs with above average volume behind today's 6th consecutive gain, getting very extended from its prior base. 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 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$30.55
|
+0.95
3.21% |
$31.60
|
1,060,652
105.02% of 50 DAV
50 DAV is 1,010,000
|
$29.80
2.52%
|
10/4/2016
|
$27.36
|
PP = $28.70
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MB = $30.14
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Most Recent Note - 11/14/2016 10:47:36 AM
G - Gapped up today hitting another new all-time high while rallying above its "max buy" level, and its color code is changed to green. Recent gains above the pivot point did not 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 |
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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.
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