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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 23RD, 2016
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DOW |
+59.31 |
19,083.18 |
+0.31% |
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Volume |
807,228,550 |
-10% |
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Volume |
1,473,940,590 |
-14% |
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NASDAQ |
-5.67 |
5,380.68 |
-0.11% |
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Advancers |
1,481 |
51% |
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Advancers |
1,655 |
58% |
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S&P 500 |
+1.78 |
2,204.72 |
+0.08% |
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Decliners |
1,448 |
49% |
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Decliners |
1,174 |
41% |
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Russell 2000 |
+7.75 |
1,342.09 |
+0.58% |
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52 Wk Highs |
266 |
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52 Wk Highs |
363 |
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S&P 600 |
+4.85 |
821.67 |
+0.59% |
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52 Wk Lows |
40 |
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52 Wk Lows |
34 |
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Dow Rises for Another Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly higher on Wednesday. The Dow was up 59 points to 19083. The S&P 500 added 1 point to 2204 and the Nasdaq Composite fell 5 points to 5380. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by 4-3 on the Nasdaq exchange but advancers only held a narrow lead on the NYSE. There were 130 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 117 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average hit another new 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.
The Dow climbed to an all-time high on Wednesday as investors digested a flurry of updates on the economy. Durable goods orders rose 4.8% in October, above analyst estimates of a 1.7% increase. In separate releases, new home sales fell 1.9% in October while Markit’s survey of U.S. manufacturing expanded to 53.9 last month. Finally, a University of Michigan report on consumer sentiment came in at 93.8, above an expected 91.6 reading.
Seven of 11 sectors in the S&P 500 finished in positive territory. In earnings, Deere & Co. (DE +11%) rallied as the heavy equipment maker’s quarterly profit widely beat Wall Street expectations. GameStop (GME +8.1%) rose amid better-than-expected quarterly results. In the consumer space, Urban Outfitters (URBN -12.1%) was lower after reporting quarterly revenue came in below analysts’ forecasts. Health Care stocks declined with Juno Therapeutics (JUNO -24.5%) falling amid reports its cancer therapy trial killed two patients. Shares of Eli Lilly (LLY -10.5%) fell after the drugmaker announced its experimental Alzheimer’s drug failed to meet its goals.
Treasuries declined with the benchmark 10-year note down 12/32 to yield 2.35%. In commodities, NYMEX WTI crude lost 0.1% to $47.97/barrel. COMEX gold fell 1.8% to $1189.30/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Financial, and Energy-Linked Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.04%) finished flat on Wednesday while the Broker/Dealer Index ($XBD +0.62%) and the Bank Index ($BKX +0.77%) each posted gains. The Gold & Silver Index ($XAU -3.73%) was a standout decliner while the Oil Services Index ($OSX +0.54%) and the Integrated Oil Index ($XOI +0.24%) both edged higher. The Semiconductor Index ($SOX +0.12%) inched higher while the Networking Index ($NWX +0.59%) and the Biotechnology Index ($BTK +0.71%) both posted small gains. Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX -0.04%) paused after rallying into record high territory.
| Oil Services |
$OSX |
168.94 |
+0.90 |
+0.54% |
+7.11% |
| Integrated Oil |
$XOI |
1,196.30 |
+2.90 |
+0.24% |
+11.52% |
| Semiconductor |
$SOX |
889.31 |
+1.04 |
+0.12% |
+34.04% |
| Networking |
$NWX |
435.25 |
+2.54 |
+0.59% |
+15.78% |
| Broker/Dealer |
$XBD |
203.68 |
+1.25 |
+0.62% |
+14.37% |
| Retail |
$RLX |
1,387.07 |
-0.56 |
+0.04% |
+8.12% |
| Gold & Silver |
$XAU |
78.92 |
-3.06 |
-3.73% |
+74.22% |
| Bank |
$BKX |
86.71 |
+0.67 |
+0.71% |
+17.75% |
| Biotech |
$BTK |
3,345.47 |
+23.54 |
+0.71% |
-12.28% |
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Strength Returned for Previously Featured Leader
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
I E S Holdings Inc (IESC +$0.25 or +1.28% to $19.75) was highlighted in yellow as it returned to the Featured Stocks list. Fundamentals remain strong. Recent volume-driven gains helped it rally to new highs and above the new pivot point cited based on its 9/06/16 high plus 10 cents.
IESC was last shown in this FSU section on 9/27/16 with an annotated graph under the headline, "Wedging Higher With Recent Gains Lacking Great Volume". It subsequently slumped below its 50-day moving average (DMA) line and then met resistance at that short term average when trying to rebound. It showed bullish action after dropped from the Featured Stocks list on 10/27/16. Following damaging volume-driven losses it found support at its 200-day moving average (DMA) line. Members were previously reminded - "Under the fact-based system a stock which was previously sold can be bought back again if strength returns." The usual sell rules apply if a stock is repurchased, and in the Certification the teach investors to make a 10% larger purchase than on the prior entry.
The high-ranked Building - Maintenance & Service firm reported Jun '16 quarterly earnings +79% on +25% sales revenues, continuing its strong earnings track record. That marked its 4th consecutive quarterly earnings increase above the +25% minimum earnings guideline (C criteria) in addition to the fact its sales revenues growth rate showed encouraging acceleration, helping it better match the fact-based investment system's guidelines. Annual earnings (A criteria) growth has been strong for the past 3 years.
Today it has a Timeliness rating of A, but its Sponsorship rating is currently a D. The number of top rated funds owning its shares rose from 53 in Dec '15 to 141 in Sep '16, a reassuring sign concerning the I criteria. Its small supply of only 7.5 million shares (S criteria) in the public float 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 |
CSFL
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NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$22.32
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+0.01
0.04% |
$22.50
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228,537
105.32% of 50 DAV
50 DAV is 217,000
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$22.31
0.04%
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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 - 11/22/2016 3:56:45 PM
G - Hitting another new high today, 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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.75
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+0.25
1.28% |
$19.85
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128,944
181.61% of 50 DAV
50 DAV is 71,000
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$19.95
-1.00%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 11/23/2016 5:27:43 PM
Y - Color code was changed to yellow as it returned to the Featured Stocks list. Fundamentals remain strong. Recent volume-driven gains helped it rally to new highs and above the new pivot point cited based on its 9/06/16 high plus 10 cents. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
View all notes |
Set NEW NOTE alert |
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SEC
News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$67.10
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+0.55
0.83% |
$67.20
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579,909
141.10% of 50 DAV
50 DAV is 411,000
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$66.60
0.75%
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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 - 11/23/2016 12:06:23 PM
G - Rallied to new multi-year highs with above average volume behind 14 consecutive gains, getting very extended from its prior base. 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).
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$231.58
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-0.24
-0.10% |
$233.70
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875,430
70.66% of 50 DAV
50 DAV is 1,239,000
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$272.58
-15.04%
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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 - 11/23/2016 5:30:50 PM
G - Volume totals have been cooling while still sputtering after damaging losses. A rebound above the 50 DMA line ($248) is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 |
View all notes |
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Company Profile |
SEC
News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$45.44
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-0.44
-0.96% |
$45.70
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156,249
116.60% of 50 DAV
50 DAV is 134,000
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$48.14
-5.61%
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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 - 11/23/2016 5:29:24 PM
G - Encountered mild distributional pressure and tested support at its 50 DMA line ($45.25). A damaging violation would raise concerns and deterioration below recent lows in the $41 area would raise more serious concerns and trigger a worrisome technical sell signal. Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns.
>>> FEATURED STOCK ARTICLE : Perched Near Highs After Finding Support Above 50-Day Average - 11/18/2016 |
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 |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$24.24
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+0.34
1.42% |
$24.39
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151,370
94.02% of 50 DAV
50 DAV is 161,000
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$24.99
-3.00%
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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 - 11/22/2016 3:58:32 PM
G - Pulling back with light volume today, consolidating near its "max buy" level. Found support near prior highs in the $22 area when pulling back after its recent technical breakout. No resistance remains due to overhead supply.
>>> 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 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$95.19
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+0.41
0.43% |
$95.47
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488,793
68.17% of 50 DAV
50 DAV is 717,000
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$94.94
0.26%
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11/21/2016
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$93.80
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PP = $88.66
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MB = $93.09
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Most Recent Note - 11/22/2016 5:21:36 PM
G - Color code is changed to green after rising further above its "max buy" level today. Finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here) as a gap up and big gain backed by +256% above average volume triggered a technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
View all notes |
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Company Profile |
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News |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$70.45
|
+0.56
0.80% |
$70.88
|
167,140
196.64% of 50 DAV
50 DAV is 85,000
|
$70.06
0.56%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 11/22/2016 5:17:12 PM
G - Hit yet another new all-time high today, adding to a spurt of volume-driven gains and getting very extended from its prior base. Prior highs and its 50 DMA line in the $53 area define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base Following Post-Election Gains - 11/22/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$32.00
|
-0.30
-0.93% |
$32.68
|
728,546
88.63% of 50 DAV
50 DAV is 822,000
|
$32.40
-1.23%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
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MB = $30.14
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Most Recent Note - 11/22/2016 3:55:10 PM
G - Posting another gain with higher volume today, hitting a new all-time high while rising further above its "max buy" level. 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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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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.
This report is a service available
only to active Paid Premium Members.
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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
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