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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 24TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+19.51 |
17,812.19 |
+0.11% |
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Volume |
893,275,110 |
+6% |
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Volume |
1,795,232,290 |
+17% |
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NASDAQ |
+0.33 |
5,102.81 |
+0.01% |
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Advancers |
1,886 |
62% |
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Advancers |
1,671 |
59% |
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S&P 500 |
+2.55 |
2,089.14 |
+0.12% |
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Decliners |
1,165 |
38% |
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Decliners |
1,137 |
40% |
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Russell 2000 |
+8.46 |
1,188.81 |
+0.72% |
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52 Wk Highs |
59 |
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52 Wk Highs |
61 |
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S&P 600 |
+4.69 |
703.05 |
+0.67% |
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52 Wk Lows |
66 |
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52 Wk Lows |
83 |
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Major Averages Inched Higher With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks on were slightly higher on Tuesday. The Dow was up 19 points to 17812. The S&P 500 added 2 points to 2089. The NASDAQ traded flat at 5102. Volume totals were reported higher on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. Leadership waned as there were 40 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 62 on the prior session. There were gains for 4 of the 11 high-ranked companies currently on the Featured Stocks Page. New 52-week lows outnumbered new 52-week highs on both the Nasdaq exchange and on the NYSE.
PICTURED: The S&P 500 Index is consolidating -2.1% off its all-time high, above its 200-day moving average (DMA) line and 50 DMA lines.
All three major averages (M criteria) showed impressive strength and recently rebounded above their respective 200 DMA lines while leadership (stocks hitting new highs) improved. New buying efforts may only be considered in stocks meeting all key criteria.The major averages fluctuated on economic and political concerns. An
international incident briefly sent stocks lower this morning after Turkey said
it shot down a Russian jet. In economic news, third-quarter GDP was revised to a
2.1% annualized rate from an initial 1.5% reading, which was in line with
consensus expectations. In a separate release, home prices in 20 major U.S.
cities increased at an annualized rate of 5.5% in September, exceeding
expectations of 5.1%. Finally, a November gauge of consumer confidence showed an
unexpected sharp decline.
On the earnings front, Campbell Soup (CPB +3.09%) rose after quarterly
profits topped projections. Palo Alto Networks (PANW +6.30%) rose on
billings growth and revenue that was well above Wall Street expectations. Tech
Data (TECD -10.09%) tumbled after missing earnings projections and lowering
forward guidance.
Six out of ten sectors in the S&P 500 finished higher on Tuesday.
Utilities and financial shares underperformed while energy stocks paced the
gains.
Treasuries were little changed on the session. The Benchmark 10-year note was
flat to yield 2.24%. In commodities, NYMEX WTI crude jumped 2.8% to
$42.90/barrel. COMEX gold was up 0.7% to $1074.40/ounce. . The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups and Semiconductors Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a solidly positive bias as the Oil Services Index ($OSX +3.16%), Integrated Oil Index ($XOI +2.19%), and the Gold & Silver Index ($XAU +3.91%). Meanwhile, the Retail Index ($RLX +0.00%) and the Bank Index ($BKX+0.03%) both finished flat as the Broker/Dealer Index ($XBD +0.58%) edged higher on Tuesday. The Semiconductor Index ($SOX +1.28%) rose, meanwhile the Biotechnology Index ($BTK -0.10%) inched lower and the Networking Index ($NWX -0.82%) slumped. Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +0.58%) met resistance at its 200-day moving average (DMA) line while trying to rebound from its October lows.
| Oil Services |
$OSX |
180.73 |
+5.53 |
+3.16% |
-14.29% |
| Integrated Oil |
$XOI |
1,209.49 |
+25.93 |
+2.19% |
-10.28% |
| Semiconductor |
$SOX |
665.61 |
+8.43 |
+1.28% |
-3.10% |
| Networking |
$NWX |
389.95 |
-3.22 |
-0.82% |
+8.94% |
| Broker/Dealer |
$XBD |
184.39 |
+0.58 |
+0.32% |
-0.13% |
| Retail |
$RLX |
1,302.32 |
+0.06 |
+0.00% |
+26.10% |
| Gold & Silver |
$XAU |
46.15 |
+1.73 |
+3.89% |
-32.90% |
| Bank |
$BKX |
75.63 |
+0.02 |
+0.03% |
+1.84% |
| Biotech |
$BTK |
3,781.70 |
-3.79 |
-0.10% |
+9.96% |
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Negated Breakout Then Finding Support Above 50 Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Pinnacle Financial Prtnr (PNFP +$0.02 or +0.04% to $54.50) is quietly consolidating. It negated the recent breakout by closing back below prior highs after last shown in this FSU section on 11/09/15 with an annotated graph under the headline, "Perched at High Following Breakout". Concerns were raised as it slumped back into the prior base. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price. Its 50-day moving average (DMA) line ($52.08) defines the next important support level. It finished strong after highlighted in yellow with pivot point cited based on its 10/23/15 high plus 10 cents in the 11/06/15 mid-day report (read here). While hitting a new 52-week high the strong gain and finish above the pivot point backed by +98% above average volume clinched a technical buy signal. PNFP found support at its 200-day moving average (DMA) line during its consolidation. Reported earnings +27% on +35% sales revenues for the Sep '15 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria) helping it better match the fact-based investment system's guidelines. The number of top-rated funds owning its shares rose from 269 in Dec '14 to 310 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is also an unbiased indication its shares have been under slight accumulation over the past 50 days. Its small supply of only 33.1 million shares in the public float 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 |
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Max Buy |
PNFP
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NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$54.50
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+0.02
0.04% |
$54.68
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110,909
64.86% of 50 DAV
50 DAV is 171,000
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$57.99
-6.02%
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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 - 11/24/2015 6:12:01 PM
Y - Concerns were raised as it slumped back into the prior base. Its 50 DMA line defines the next important support level. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Negated Breakout Then Finding Support Above 50 Day Average - 11/24/2015 |
View all notes |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$56.86
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+0.44
0.78% |
$56.95
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120,304
63.99% of 50 DAV
50 DAV is 188,000
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$58.58
-2.94%
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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 - 11/24/2015 6:17:17 PM
G - Posted a 3rd consecutive small gain with light volume today and finished near the session high for a best-ever close. Extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/19/2015 |
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C
A
S
I |
MANH
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NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$73.88
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-0.61
-0.82% |
$74.56
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479,518
89.13% of 50 DAV
50 DAV is 538,000
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$76.49
-3.41%
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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 - 11/23/2015 5:11:15 PM
G - Color code is changed to green after rallying back above its "max buy" level. Prior highs in the $69 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/18/2015 |
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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$59.76
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-1.21
-1.98% |
$61.24
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87,521
112.21% of 50 DAV
50 DAV is 78,000
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$66.29
-9.85%
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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 - 11/23/2015 5:12:39 PM
G - Still consolidating above its "max buy" level. Prior highs in the $57 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Near "Max Buy" Level and Well Above Prior Highs - 11/12/2015 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$101.65
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-0.20
-0.20% |
$102.64
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287,444
100.50% of 50 DAV
50 DAV is 286,000
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$106.43
-4.49%
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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 - 11/23/2015 5:09:44 PM
G - Volume-driven gain today for its 2nd best close. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain For Second Best Close - 11/23/2015 |
View all notes |
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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
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NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$197.74
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-1.78
-0.89% |
$200.59
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207,085
79.96% of 50 DAV
50 DAV is 259,000
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$216.27
-8.57%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 11/24/2015 6:19:09 PM
Y - Pulled back today for a 3rd consecutive small loss with light volume. Prior highs in the $195 area define support along with its 50 DMA line ($193.24).
>>> FEATURED STOCK ARTICLE : Following Big Breakout Volume Totals Have Cooled - 11/16/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$170.83
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-0.01
-0.01% |
$172.19
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641,451
87.51% of 50 DAV
50 DAV is 733,000
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$176.77
-3.36%
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10/22/2015
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$168.02
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PP = $170.31
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MB = $178.83
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Most Recent Note - 11/20/2015 5:34:20 PM
G - Rebounded above its 50 DMA line this week after finding support near its 200 DMA line. Little resistance remains due to overhead supply up through the $176 level. Fundamental concerns remain after the Sep '15 quarter earnings were below the +25% minimum guideline (C criteria).
>>> 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
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$58.58
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-0.46
-0.78% |
$58.91
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290,279
64.79% of 50 DAV
50 DAV is 448,000
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$61.75
-5.13%
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9/23/2015
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$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 11/24/2015 6:15:01 PM
G - Pulled back on light volume today. It is extended from any sound base. Prior highs in the $56 area define near-term support above its 50 DMA line ($54.58).
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/17/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$76.49
|
+0.60
0.79% |
$76.72
|
197,158
86.47% of 50 DAV
50 DAV is 228,000
|
$77.39
-1.16%
|
10/22/2015
|
$66.65
|
PP = $68.95
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MB = $72.40
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Most Recent Note - 11/20/2015 5:38:11 PM
G - Posted another gain with above average volume. It has been stubbornly holding its ground above its "max buy" level, extended from prior highs in the $68 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
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$16.86
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-0.13
-0.77% |
$17.09
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6,965
40.97% of 50 DAV
50 DAV is 17,000
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$17.95
-6.07%
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11/4/2015
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$17.00
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PP = $18.05
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MB = $18.95
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Most Recent Note - 11/23/2015 5:13:59 PM
Y - Finished near the session high today. Found support above its 50 DMA line last week. Still has not produced 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 : Found Support This Week Above 50-Day Moving Average - 11/20/2015 |
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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
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$46.34
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+2.88
6.63% |
$47.60
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423,975
102.41% of 50 DAV
50 DAV is 414,000
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$55.45
-16.43%
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10/23/2015
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$42.12
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PP = $44.85
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MB = $47.09
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Most Recent Note - 11/24/2015 6:25:09 PM
Y - Found prompt support at its 10-week moving average (WMA) line and its color code is changed to yellow. A valid secondary buy point is noted from its first successful test of the 10 WMA line up to +5% above the latest high ($55.45 X 1.05 =$58.22).
>>> 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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