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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 30TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+1.98 |
19,123.58 |
+0.01% |
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Volume |
1,581,337,950 |
+75% |
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Volume |
1,817,198,560 |
+13% |
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NASDAQ |
-56.24 |
5,323.68 |
-1.05% |
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Advancers |
1,177 |
40% |
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Advancers |
1,017 |
35% |
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S&P 500 |
-5.85 |
2,198.81 |
-0.27% |
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Decliners |
1,798 |
60% |
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Decliners |
1,884 |
65% |
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Russell 2000 |
-5.88 |
1,322.34 |
-0.44% |
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52 Wk Highs |
204 |
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52 Wk Highs |
216 |
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S&P 600 |
-2.40 |
812.02 |
-0.29% |
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52 Wk Lows |
53 |
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52 Wk Lows |
48 |
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Major Indices Fell But Healthy Leadership Remains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Wednesday. The Dow was up 2 points to 19123. The S&P 500 lost 5 points to 2198 and the Nasdaq Composite fell 56 points to 5323. Volume totals on Wednesday were up from the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by more than a 3-2 margin on the Nasdaq exchange and on the NYSE. Leadership improved slightly as there were 74 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 66 on the prior session. New 52-week highs still solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The S&P 500 Index encountered distributional pressure yet remains perched near 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.
The major averages fluctuated throughout the session following an OPEC deal to cut crude production. Early Wednesday, OPEC members reached an agreement to reduce oil production to 32.5 million barrels a day, its first cut in eight years. Oil prices climbed higher amid the news with NYMEX WTI crude rallying 9.3% to $49.44/barrel. On the data front, an ADP report showed that 216,000 workers were added to private payrolls in November, above analyst estimates of 170,000. Separately, pending home sales increased 0.1% in October.
Eight of 11 sectors in the S&P 500 finished in negative territory. Technology stocks declined with Nutanix (NTNX -6.13%) fell after posting a wider-than-expected quarterly loss. Autodesk (ADSK -3.52%) fell as the software maker provided disappointing fourth-quarter outlook. In Financials, Fannie Mae (FNMA +45.78%) and Freddie Mac (FMCC +45.36%) both blasted higher amid reports that Steve Mnuchin, nominee for Treasury Secretary, stated the GSEs cannot be government owned. Energy shares advanced 4.8% amid the OPEC deal. Exxon Mobil (XOM +1.63%) and Chevron (CVX 2.03%) rose.
Treasuries retreated with the benchmark 10-year note down 24/32 to yield 2.37%. In commodities, COMEX gold lost 1.4% to $1171.20/ounce. In FOREX, the Dollar Index gained 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy-Linked Groups' Big Gains Outpaced Financials
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-linked groups were standout gainers as the Oil Services Index ($OSX +9.36%) and the Integrated Oil Index ($XOI +5.48%) were considerably higher. The Retail Index ($RLX -0.89%) fell while the Broker/Dealer Index ($XBD +1.06%) and the Bank Index ($BKX +2.01%) both posted solid gains. The Gold & Silver Index ($XAU -1.24%) fell. The tech sector slumped as the Biotechnology Index ($BTK -2.76%) outpaced the Networking Index ($NWX -0.69%) and the Semiconductor Index ($SOX -0.65%) to the downside. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX +2.01%) hit new all-time highs.
| Oil Services |
$OSX |
176.24 |
+15.08 |
+9.36% |
+11.74% |
| Integrated Oil |
$XOI |
1,219.80 |
+63.35 |
+5.48% |
+13.71% |
| Semiconductor |
$SOX |
879.47 |
-5.78 |
-0.65% |
+32.55% |
| Networking |
$NWX |
431.77 |
-3.00 |
-0.69% |
+14.85% |
| Broker/Dealer |
$XBD |
203.34 |
+2.13 |
+1.06% |
+14.18% |
| Retail |
$RLX |
1,356.36 |
-12.20 |
-0.89% |
+5.68% |
| Gold & Silver |
$XAU |
79.88 |
-1.00 |
-1.24% |
+76.34% |
| Bank |
$BKX |
87.27 |
+1.72 |
+2.01% |
+19.42% |
| Biotech |
$BTK |
3,198.44 |
-90.88 |
-2.76% |
-16.14% |
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Pullback Following Volume-Driven Gain For New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Drew Industries Inc (DW -$1.25 or -1.18% to $105.10) pulled back today with near average volume. On the prior session it had finished strong after highlighted in yellow with pivot point cited based on its 9/28/16 high in the mid-day report (read here). Its big gain for new all-time high was backed by +87% above average volume, clinching a technical buy signal. Recent gains clearing a "double bottom" base had lacked volume above the +40% above average minimum guideline.
The high ranked Building - Mobile/Manufacturing & RV firm rebounded after finding support well above its 200-day moving average (DMA) line in recent weeks. The number of top-rated funds owning its shares rose from 311 in Dec '15 to 408 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A, but a Sponsorship Rating of D at present.
Recently it reported Sep '16 quarterly earnings +70% on +19% sales revenues, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Its strong annual earnings (A criteria) history matches the fact-based investment system's fundamental guidelines.
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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
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
|
$22.42
|
-0.04
-0.18% |
$22.74
|
214,075
94.31% of 50 DAV
50 DAV is 227,000
|
$22.63
-0.93%
|
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 - 11/28/2016 5:22:26 PM
G - Pulled back with above average volume today, encountering distributional pressure. It has been noted as very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $19 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 |
View all notes |
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News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$19.65
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-0.30
-1.50% |
$20.40
|
154,771
184.25% of 50 DAV
50 DAV is 84,000
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$20.65
-4.84%
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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 - 11/30/2016 5:32:55 PM
G - Churned above average volume with small losses for the past 2 sessions, encountering some distributional pressure after getting extended from its prior base. Prior highs in the $18 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
View all notes |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$49.77
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-0.17
-0.34% |
$50.88
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2,890,345
182.01% of 50 DAV
50 DAV is 1,588,000
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$50.26
-0.97%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 11/30/2016 12:23:51 PM
Y - Color code is changed to yellow with pivot point cited based on its 10/25/16 high plus 10 cents. There was a "breakaway gap" on the prior session, powering to new 52-week highs with considerable volume-driven gains. A breakaway gap is one noted exception to the rule that investors should not chase a stock more than +5% above prior highs, however, risk increases the further above the pivot point one buys any stock. Strong sales revenues and earnings increases in quarterly comparisons through Sep '16 match the fact-based investment system's fundamental guidelines. Found support near prior lows in the $42 area and wedged higher after last noted in the 10/26/16 mid-day report - "Patient investors may watch for a sound new base or secondary buy point to possibly develop and be noted in the weeks ahead."
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$67.40
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+0.65
0.97% |
$68.00
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521,228
122.64% of 50 DAV
50 DAV is 425,000
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$67.30
0.15%
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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 - 11/28/2016 5:30:26 PM
G - Pulled back with above average volume today, retreating from multi-year highs following a streak of 16 consecutive gains. It is very extended from its prior base.
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$224.10
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-5.94
-2.58% |
$234.70
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1,072,630
89.54% of 50 DAV
50 DAV is 1,198,000
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$272.58
-17.79%
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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 - 11/30/2016 5:25:44 PM
G - Ended near the session low today with a loss on below average volume. The longer it lingers below its 50 DMA line the worse its outlook gets. A rebound above the 50 DMA line ($247.40) is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$52.38
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+0.36
0.69% |
$52.76
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134,570
90.93% of 50 DAV
50 DAV is 148,000
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$52.50
-0.23%
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9/29/2016
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$46.12
|
PP = $47.82
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|
MB = $50.21
|
Most Recent Note - 11/29/2016 12:26:42 PM
G - Hitting another new 52-week high today. Cleared its previously cited pivot point with +339% above average volume behind its gain on 11/28/16 triggering a technical buy signal. However, it was repeatedly noted with caution during its recent consolidation - "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 |
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C
A
S
I |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$105.10
|
-1.25
-1.18% |
$107.60
|
235,018
96.32% of 50 DAV
50 DAV is 244,000
|
$107.40
-2.14%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 11/29/2016 5:19:20 PM
Y - Finished strong after highlighted in yellow with pivot point cited based on its 9/28/16 high. Hit new all-time highs with today's gain backed by +87% above average volume. Recent gains clearing a "double bottom" base lacked volume above the +40% above average minimum guideline. Rebounded from support at its 200 DMA line in recent weeks. Reported Sep '16 quarterly earnings +70% on +19% sales revenues, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) Strong annual earnings (A criteria) history matches the fact-based investment system's fundamental guidelines.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
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Set NEW NOTE alert |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$22.67
|
-0.55
-2.37% |
$23.68
|
133,381
85.50% of 50 DAV
50 DAV is 156,000
|
$24.99
-9.28%
|
10/27/2016
|
$21.03
|
PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 11/30/2016 5:31:27 PM
Y - Slumped further below its "max buy" level with today's 4th consecutive loss on below average volume. Prior highs in the $22 area define initial support following its technical breakout.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$71.35
|
-0.55
-0.76% |
$72.72
|
106,620
91.13% of 50 DAV
50 DAV is 117,000
|
$72.85
-2.06%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
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MB = $73.11
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Most Recent Note - 11/30/2016 5:29:47 PM
Y - Pulled back on lighter volume today. Finished strong after highlighted in yellow with new pivot point cited based on its 7/28/16 high plus 10 cents in 11/29/16 mid-day report (read here). Stubbornly held its ground as it rebounded impressively. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Backed Breakout Triggered New Technical Buy Signal - 11/29/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$94.81
|
-0.72
-0.75% |
$96.68
|
657,579
98.88% of 50 DAV
50 DAV is 665,000
|
$96.84
-2.10%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 11/28/2016 5:20:56 PM
G - Hit another new all-time high today. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point. Prior highs in the $88 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
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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 |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$73.62
|
+0.59
0.81% |
$74.26
|
237,663
264.07% of 50 DAV
50 DAV is 90,000
|
$73.37
0.35%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
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Most Recent Note - 11/30/2016 12:49:23 PM
G - Hitting another new all-time high with above average volume behind today's gain. Very extended from its prior base. Its 50 DMA line ($57) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base Following Post-Election Gains - 11/22/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$30.05
|
-0.70
-2.28% |
$31.54
|
819,016
104.07% of 50 DAV
50 DAV is 787,000
|
$32.68
-8.03%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 11/30/2016 5:27:51 PM
G - Pulled back today with higher (near average) volume and ended near 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. Prior highs near $28 define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Pulling Back After Getting Extended More Than +5% Above Prior Highs - 11/28/2016 |
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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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only to active Paid Premium Members.
You may opt-out of receiving report notifications
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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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