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AFTER MARKET UPDATE - FRIDAY, DECEMBER 4TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+369.96 |
17,847.63 |
+2.12% |
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Volume |
977,962,360 |
-2% |
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Volume |
1,741,458,900 |
-8% |
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NASDAQ |
+104.74 |
5,142.27 |
+2.08% |
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Advancers |
1,995 |
66% |
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Advancers |
1,980 |
67% |
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S&P 500 |
+42.07 |
2,091.69 |
+2.05% |
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Decliners |
1,048 |
34% |
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Decliners |
979 |
33% |
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Russell 2000 |
+12.83 |
1,183.40 |
+1.10% |
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52 Wk Highs |
44 |
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52 Wk Highs |
56 |
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S&P 600 |
+7.08 |
700.33 |
+1.02% |
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52 Wk Lows |
196 |
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52 Wk Lows |
104 |
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Indices Posted Big Gains But Volume Totals Were Lighter
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the S&P 500 added 0.1%, while the Dow and the NASDAQ Composite each advanced 0.3%. Stocks jumped higher on Friday. The Dow advanced 369 points to 17847. The S&P 500 gained 42 points to 2091. The NASDAQ Composite was up 104 points to 5142. Volume was lighter than the prior session totals on the NYSE and on the Nasdaq exchange, however, revealing a lack of intense buying conviction from institutional investors. Breadth was positive as advancers led decliners by almost a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 29 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 32 on the prior session. There were gains for all 12 high-ranked companies currently on the Featured Stocks Page, clearly a more positive bias than was shown by the broader market. New 52-week lows again outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. Charts used courtesy of www.stockcharts.com
PICTURED: The Dow Jones Industrial Average rebounded above its 200-day moving average (DMA) line. The Dow Jones Industrial Average and S&P 500 Index both violated their respective 200 DMA lines while leadership (stocks hitting new highs) waned, putting pressure on the uptrend for the major averages (M criteria). The major averages rallied after an update on the labor market. Nonfarm
payrolls rose 211,000 in November, more than a projected 200,000 increase. In
addition, October’s report was revised to show the labor market added 298,000
versus an already impressive 271,000 gain. In other news, oil prices continued
to decline after OPEC announced the cartel would not trim its production
levels.
Five of the ten sectors in the S&P 500 gained at least 2% on Friday.
Financial and telecom stocks paced the gains while energy was the lone sector to
finish lower.
In corporate news, Avon (AVP +5.76%) rose on news that the company is
looking to sell its North American business. In earnings, Barnes and Noble (BKS -16.68%) fell after reporting a sharp decline in sales while Ulta
Salon (ULTA +12.80%) gapped up and rallied on a strong profit report and higher guidance.
Treasuries rebounded from yesterday’s descent with the 10-year note up 11/32
to yield 2.27%. In commodities, NYMEX WTI crude fell 2.4% to $40.18/barrel after
the OPEC report. COMEX gold climbed 2.2% to $1085.60/ounce.
The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepagefor archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Tech, Financial and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +5.90%) was a standout gainer on Friday, but a negative bias in energy-related shares pushed the Integrated Oil Index ($XOI -0.50%) and Oil Services Index ($OSX -2.01%) lower. The Retail Index ($RLX+1.82%) and financial shares boosted the major averages while the Bank Index ($BKX+2.89%) and the Broker/Dealer Index ($XBD +2.28%) were positive influences. The tech sector moved higher while the Networking Index ($NWX +2.01%), Biotechnology Index ($BTK +2.62%), and the Semiconductor Index ($SOX +1.88%) posted unanimous gains.Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +2.28%) rebounded further above its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
169.78 |
-3.47 |
-2.00% |
-19.49% |
| Integrated Oil |
$XOI |
1,148.53 |
-5.73 |
-0.50% |
-14.81% |
| Semiconductor |
$SOX |
691.49 |
+12.77 |
+1.88% |
+0.67% |
| Networking |
$NWX |
396.55 |
+7.81 |
+2.01% |
+10.79% |
| Broker/Dealer |
$XBD |
189.19 |
+4.22 |
+2.28% |
+2.46% |
| Retail |
$RLX |
1,312.65 |
+23.41 |
+1.82% |
+27.10% |
| Gold & Silver |
$XAU |
49.95 |
+2.78 |
+5.89% |
-27.38% |
| Bank |
$BKX |
76.77 |
+2.16 |
+2.90% |
+3.38% |
| Biotech |
$BTK |
3,763.13 |
+96.10 |
+2.62% |
+9.42% |
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Volume Light But Slump Below 50-Day Average Raised Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ultimate Software Group (ULTI +$1.20 or +0.62% to $193.95) halted its slide and posted a small gain today on even lighter volume. On the prior session it quietly slumped below prior highs in the $195 area defining support along with its 50-day moving average (DMA) line ($194.90). Thursday's violations triggered a technical sell signal, however the lighter than average volume total suggested that there was not a great deal of selling pressure coming from the institutional crowd. More damaging losses may raise greater concerns. Meanwhile, only a prompt rebound above the 50 DMA line would help its outlook improve. ULTI was last shown in this FSU section on 11/16/15 with a annotated graph under the headline, "Following Big Breakout Volume Totals Have Cooled". Volume totals suggested that few investors were headed to the exit following its breakout with powerful volume in late October. It was highlighted in yellow with pivot point cited based on its 8/17/15 high plus 10 cents in the 10/28/15 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 537 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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$54.96
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+1.49
2.79% |
$55.03
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222,635
133.31% of 50 DAV
50 DAV is 167,000
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$57.99
-5.22%
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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 - 12/4/2015 5:29:28 PM
Y - Posted a gain today with above average volume, finding support above its 50 DMA line ($52.97) . 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.
>>> FEATURED STOCK ARTICLE : Negated Breakout Then Finding Support Above 50 Day Average - 11/24/2015 |
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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$56.98
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+0.68
1.21% |
$57.00
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169,138
118.28% of 50 DAV
50 DAV is 143,000
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$58.75
-3.01%
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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 - 12/1/2015 1:10:01 PM
G - Touched a new 52-week high today then reversed into the red. Its 50 DMA line defines near-term support to watch ($51.61) on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/19/2015 |
View all notes |
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Company Profile |
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News |
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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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$76.96
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+2.15
2.87% |
$77.03
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305,766
56.21% of 50 DAV
50 DAV is 544,000
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$77.56
-0.77%
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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 - 12/4/2015 5:21:01 PM
G - Posted a gain on light volume today for a best-ever close. 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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News |
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C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$47.95
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+1.83
3.97% |
$48.01
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518,894
93.49% of 50 DAV
50 DAV is 555,000
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$48.40
-0.93%
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11/25/2015
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$47.63
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PP = $47.07
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MB = $49.42
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Most Recent Note - 12/4/2015 5:25:59 PM
Y - Matched its best-ever close with today's gain on near average volume. Volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Gain For New High With +36% Above Average Volume - 11/25/2015 |
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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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$57.12
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+1.18
2.11% |
$57.95
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119,075
154.64% of 50 DAV
50 DAV is 77,000
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$66.29
-13.83%
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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 - 12/4/2015 5:19:17 PM
Y - Found support and posted a gain today on above average volume after quietly pulling back near prior highs in the $57 area and its 50 DMA line. More damaging losses would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/30/2015 |
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Set NEW NOTE alert |
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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 |
STMP
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NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$102.78
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+2.65
2.65% |
$102.93
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174,343
59.30% of 50 DAV
50 DAV is 294,000
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$106.43
-3.43%
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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 - 12/4/2015 5:22:31 PM
G - Posted a gain on light volume today, still consolidating in a tight range near its 52-week high. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain For Second Best Close - 11/23/2015 |
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C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$193.96
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+1.23
0.64% |
$195.05
|
231,673
85.49% of 50 DAV
50 DAV is 271,000
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$216.27
-10.32%
|
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 - 12/4/2015 5:16:28 PM
G - Posted a small gain today on lighter volume. Volume was below average as it slumped below prior highs in the $195 area and below its 50 DMA line on the prior session raising concerns and triggering a technical sell signal. Color code is changed to green. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume Light But Slump Below 50-Day Average Raised Concerns - 12/4/2015 |
View all notes |
Set NEW NOTE alert |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$61.67
|
+0.70
1.15% |
$61.81
|
365,078
82.41% of 50 DAV
50 DAV is 443,000
|
$62.77
-1.75%
|
9/23/2015
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$51.26
|
PP = $52.55
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MB = $55.18
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Most Recent Note - 12/1/2015 1:13:12 PM
G - Poised for possibly a best-ever close with today's gain on light volume. Consolidation is still too short to be considered a valid new base. Prior highs in the $56 area define near-term support above its 50 DMA line ($55.46).
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/17/2015 |
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C
A
S
I |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
|
$30.63
|
+0.09
0.29% |
$32.38
|
1,003,189
176.93% of 50 DAV
50 DAV is 567,000
|
$36.07
-15.08%
|
12/1/2015
|
$35.15
|
PP = $33.97
|
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MB = $35.67
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Most Recent Note - 12/4/2015 12:38:21 PM
Y - Finding support today its 50 DMA line ($30.69). Pulled back into the prior base with a big loss on higher volume raising concerns. More damaging losses would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Heavy Behind Breakout Gain - 12/1/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$79.03
|
+0.55
0.70% |
$79.33
|
255,574
109.69% of 50 DAV
50 DAV is 233,000
|
$79.38
-0.44%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
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Most Recent Note - 12/2/2015 5:36:35 PM
G - Posted another gain today on average volume for a best-ever close. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Another Gain on Average Volume to a New High Close - 12/2/2015 |
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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 |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
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$17.16
|
+0.26
1.54% |
$17.16
|
32,869
219.13% of 50 DAV
50 DAV is 15,000
|
$17.95
-4.40%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
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Most Recent Note - 12/4/2015 5:24:11 PM
Y - Finished at the session high with a gain today backed by twice average volume. 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. Perched within close striking distance of its 52-week high. Found support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Found Support This Week Above 50-Day Moving Average - 11/20/2015 |
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C
A
S
I |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$47.13
|
+2.26
5.04% |
$47.45
|
212,823
50.31% of 50 DAV
50 DAV is 423,000
|
$55.45
-15.00%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
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Most Recent Note - 12/4/2015 5:27:52 PM
Y - Posted a gain today with very light volume. Important near term support to watch is its 50 DMA line ($42.91). See the latest FSU analysis for more details and an annotated graph showing a valid secondary buy point.
>>> FEATURED STOCK ARTICLE : After Successful Test of 10-Week Average a Valid Secondary Buy Point Exists - 11/27/2015 |
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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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