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AFTER MARKET UPDATE - MONDAY, NOVEMBER 16TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+237.77 |
17,483.01 |
+1.38% |
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Volume |
841,035,030 |
-9% |
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Volume |
1,653,964,300 |
-10% |
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NASDAQ |
+56.74 |
4,984.62 |
+1.15% |
|
Advancers |
2,222 |
73% |
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Advancers |
1,824 |
62% |
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S&P 500 |
+30.15 |
2,053.19 |
+1.49% |
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Decliners |
824 |
27% |
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Decliners |
1,106 |
38% |
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Russell 2000 |
+9.53 |
1,156.08 |
+0.83% |
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52 Wk Highs |
13 |
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52 Wk Highs |
18 |
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S&P 600 |
+8.03 |
683.88 |
+1.19% |
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52 Wk Lows |
132 |
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52 Wk Lows |
174 |
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Major Averages Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Monday the Dow rose 238 points to 17483, the S&P 500 gained 30 points to 2053, and the NASDAQ Composite advanced 57 points to 4984. Volume totals were reported lighter on the NYSE and on the Nasdaq exchange, revealing a lack of buying demand coming from the institutional crowd after heavier volume behind selling last week. Breadth was positive as advancers led decliners by an 11-4 margin on the NYSE and by more than a 3-2 margin on the Nasdaq exchange. Leadership contracted as there were only 3 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 7 on the prior session, and down from 63 last Wednesday. New 52-week lows outnumbered a shrinking list of new 52-week highs on the Nasdaq exchange and on the NYSE. There were gains for 9 of the 11 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The S&P 500 Index rose with less volume behind its Monday gain and finished -3.8% off its all-time high. Losses on higher volume last week led to a slump below its 200-day moving average (DMA) line raising concerns.
The rally came under pressure as the major indices (M criteria) endured distributional pressure last week. All three major averages slumped below their respective 200 DMA lines while leadership (stocks hitting new highs) abruptly contracted. New buying efforts may only be considered in stocks meeting all key criteria. The major averages finished a choppy trading session firmly in positive
territory as a rebound in oil countered geopolitical concerns in France. On the
economic front, the lone release today showed manufacturing activity in the
Fed’s New York region contracted for a fourth-consecutive month in November.
All 10 sectors in the S&P 500 were up on the session. Energy was the best
performing, with the group surging more than 3.0%. Exxon (XOM +3.59%) and Chevron (CVX +4.38%) both rose in sympathy with the advance in crude
prices.
Defense contractors gained while airlines retreated following Friday’s
terrorist attacks in Paris that left 129 people dead. Northrup Grumman (NOC +
4.36%). Delta Air Lines (DAL -2.16%) fell.
In M&A news, Starwood Hotels (HOT -3.63%) after it agreed to be
acquired by Marriott International (MAR +1.35%) for $12.2 billion.
Retailers were weak with Dillard’s (DDS -6.44%) after posting
disappointing quarterly results. Urban Outfitters (URBN -7.43%) ahead
of its scheduled earnings release.
Treasuries were little changed with the benchmark 10-year note down 1/32 to
yield 2.27%. In commodities, WTI crude advanced 2.9% to $41.91/barrel. COMEX
gold edged up 0.1% to $1081.40/ounce. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares had a positive influence on the major averages as the Broker/Dealer Index ($XBD +1.10%) and the Bank Index ($BKX +1.20%) both rose on Monday. The Retail Index ($RLX +1.17%) also posted a gain. The Networking Index ($NWX +2.07%) led the tech sector higher while the Semiconductor Index ($SOX +1.29%) and Biotechnology Index ($BTK +0.51%) each posted a modest gain. Energy-related shares had a positive bias as the Oil Services Index ($OSX +2.18%) and the Integrated Oil Index ($XOI +2.79%) both posted solid gains, and the Gold & Silver Index ($XAU +1.21%) also rose.PICTURED: The Bank Index ($BKX +1.20%) promptly rebounded back above its 200-day moving average (DMA) line with Monday's gain.
| Oil Services |
$OSX |
178.71 |
+3.82 |
+2.18% |
-15.25% |
| Integrated Oil |
$XOI |
1,193.08 |
+32.38 |
+2.79% |
-11.50% |
| Semiconductor |
$SOX |
652.03 |
+8.32 |
+1.29% |
-5.07% |
| Networking |
$NWX |
384.20 |
+7.78 |
+2.07% |
+7.34% |
| Broker/Dealer |
$XBD |
181.39 |
+1.97 |
+1.10% |
-1.76% |
| Retail |
$RLX |
1,237.18 |
+14.29 |
+1.17% |
+19.80% |
| Gold & Silver |
$XAU |
46.11 |
+0.55 |
+1.21% |
-32.96% |
| Bank |
$BKX |
74.57 |
+0.88 |
+1.19% |
+0.42% |
| Biotech |
$BTK |
3,644.67 |
+18.50 |
+0.51% |
+5.98% |
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Following Big Breakout Volume Totals Have Cooled
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ultimate Software Group (ULTI +$0.12 or +0.06% to $199.95) is quietly consolidating below its "max buy" level. Prior highs in the $195 area define initial support to watch on pullbacks. Lower than average volume totals suggest that few investors have headed to the exit following its breakout with powerful volume in late October. ULTI was last shown in this FSU section on 10/28/15 with a annotated graph under the headline, "Technical Breakout Backed By Heavy Volume", when it gapped up and rallied to a new 52-week high with volume +347% above average. It was highlighted in yellow with pivot point cited based on its 8/17/15 high plus 10 cents in the earlier mid-day report (read here). The strong close above the pivot point clinched a technical buy signal. ULTI reported earnings +38% on +22% sales revenues for the Sep '15 quarter. In 7 of the past 8 quarterly comparisons it showed earnings increases above the +25% minimum guideline (C criteria). Earnings rose +47%, +35%, +25%, +26%, +11%, +35%, and +38% in the Mar, Jun, Sep, Dec '14, Mar, Jun and Sep '15 quarters, respectively. Sales revenues rose +24%, +25%, +24%, +21%, +20%, +21%, and +22% during the same span. Annual earnings (A criteria) history has been strong and steady. The number of top-rated funds owning its shares rose from 497 in Dec '14 to 532 in Sep '15, a reassuring sign (I criteria). Its small supply (S criteria) of only 28.7 million shares outstanding can contribute to greater 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 |
PNFP
-
NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$54.15
|
+0.76
1.42% |
$54.21
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192,466
110.61% of 50 DAV
50 DAV is 174,000
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$57.99
-6.62%
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11/6/2015
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$56.34
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PP = $55.58
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MB = $58.36
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Most Recent Note - 11/16/2015 6:05:55 PM
Y - Gain today halted a 5 session losing streak, but its slump back into the prior base has raised some concerns. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Perched at High Following Breakout - 11/9/2015 |
View all notes |
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News |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$54.90
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+0.25
0.46% |
$54.98
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118,071
59.04% of 50 DAV
50 DAV is 200,000
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$58.58
-6.28%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 11/16/2015 6:07:10 PM
G - Posted a small gain on light volume today, and it is extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slightly Extended From Prior Base After Breakout - 11/3/2015 |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$71.63
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+0.24
0.34% |
$71.81
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624,240
118.68% of 50 DAV
50 DAV is 526,000
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$76.49
-6.35%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 11/12/2015 5:22:04 PM
Y - Color code is changed to yellow after a pullback on light volume and close today just below its "max buy" level. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Prior Highs Define Support Following Recent Breakout - 11/2/2015 |
View all notes |
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C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$59.93
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-0.05
-0.08% |
$60.62
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58,137
78.56% of 50 DAV
50 DAV is 74,000
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$66.29
-9.59%
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10/27/2015
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$56.00
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PP = $57.33
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MB = $60.20
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Most Recent Note - 11/12/2015 5:19:18 PM
G - Consolidating near its "max buy" level. Prior highs in the $57 area acted as support after its 10/27/15 technical breakout. See latest FSU analysis for more details and a new annotated graph..
>>> FEATURED STOCK ARTICLE : Consolidating Near "Max Buy" Level and Well Above Prior Highs - 11/12/2015 |
View all notes |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$95.44
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-1.88
-1.93% |
$97.37
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299,594
108.55% of 50 DAV
50 DAV is 276,000
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$106.43
-10.33%
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11/6/2015
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$100.75
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PP = $88.97
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MB = $93.42
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Most Recent Note - 11/16/2015 6:10:17 PM
G - Pulled back for a 4th consecutive loss today, slumping toward its "max buy" level while consolidating after its big "breakaway gap" on 10/28/15. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Big Breakaway Gap With Heavy Volume Following Earnings News - 11/6/2015 |
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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 |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$199.95
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+0.12
0.06% |
$201.67
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194,757
76.98% of 50 DAV
50 DAV is 253,000
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$216.27
-7.55%
|
10/28/2015
|
$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 11/16/2015 6:12:08 PM
Y - Volume totals have been cooling following its powerful 10/28/15 breakout. Prior highs in the $195 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Following Big Breakout Volume Totals Have Cooled - 11/16/2015 |
View all notes |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$159.48
|
+4.28
2.76% |
$160.42
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1,652,559
220.64% of 50 DAV
50 DAV is 749,000
|
$176.77
-9.78%
|
10/22/2015
|
$168.02
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PP = $170.31
|
|
MB = $178.83
|
Most Recent Note - 11/16/2015 1:02:07 PM
G - Finding support near its 200 DMA line today. Gapped down and violated its 50 DMA line triggering a technical sell signal on the prior session and its color code was changed to green. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Gains on Light Volume Before Decisive Drop on Heavy Volume - 11/13/2015 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$58.49
|
+0.95
1.65% |
$58.94
|
204,742
48.06% of 50 DAV
50 DAV is 426,000
|
$61.75
-5.28%
|
9/23/2015
|
$51.26
|
PP = $52.55
|
|
MB = $55.18
|
Most Recent Note - 11/13/2015 5:39:47 PM
G - Extended from its prior base and pulling back from its 52-week high with 3 consecutive losses on lighter than average volume. Recent highs in the $56 area define near-term support to watch above its 50 DMA line ($52.72).
>>> FEATURED STOCK ARTICLE : Earnings News Due May Contribute to Volatility Next Week - 10/30/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$76.35
|
+2.49
3.37% |
$76.55
|
159,094
69.78% of 50 DAV
50 DAV is 228,000
|
$77.39
-1.34%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
|
Most Recent Note - 11/13/2015 5:43:14 PM
G - Pulled back on light volume today, yet it is still perched above its "max buy" level and extended from prior highs in the $86 area. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Getting More Extended From Prior Base - 11/11/2015 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$16.26
|
+0.03
0.18% |
$16.70
|
14,706
91.91% of 50 DAV
50 DAV is 16,000
|
$17.95
-9.42%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
|
Most Recent Note - 11/13/2015 5:37:24 PM
Y - Finished near its 50 DMA line with light volume behind today's 3rd consecutive loss. Did not produce the necessary gains above its pivot point backed by at least +40% above average volume needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs in 19-Week Base - 11/4/2015 |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$53.72
|
+2.26
4.39% |
$54.21
|
333,381
97.48% of 50 DAV
50 DAV is 342,000
|
$55.45
-3.12%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 11/16/2015 6:03:21 PM
G - Extended from a sound base, it rallied with average volume today for a best-ever close. Prior highs define initial support in the $44 area.
>>> FEATURED STOCK ARTICLE : Wedging Higher Following Volume-Driven Breakout - 11/10/2015 |
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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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