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AFTER MARKET UPDATE - MONDAY, DECEMBER 7TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-117.12 |
17,730.51 |
-0.66% |
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Volume |
927,655,970 |
-5% |
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Volume |
1,770,602,090 |
+2% |
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NASDAQ |
-40.46 |
5,101.81 |
-0.79% |
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Advancers |
608 |
20% |
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Advancers |
655 |
23% |
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S&P 500 |
-14.62 |
2,077.07 |
-0.70% |
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Decliners |
2,477 |
80% |
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Decliners |
2,253 |
77% |
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Russell 2000 |
-19.10 |
1,164.30 |
-1.61% |
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52 Wk Highs |
41 |
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52 Wk Highs |
56 |
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S&P 600 |
-10.23 |
690.10 |
-1.46% |
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52 Wk Lows |
333 |
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52 Wk Lows |
182 |
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Breadth Negative as Major Averages Pull Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks declined on Monday. The Dow lost 116 points to 17730. The S&P 500 was off 14 points to 2077. The NASDAQ finished 40 lower points to 5101. Volume was lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 4-1 margin on the NYSE and by more than 3-1 on the Nasdaq exchange. There were 36 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 29 on the prior session. There were no gains from the list of 12 high-ranked companies currently on the Featured Stocks Page, a more negative bias than was shown by the broader market. New 52-week lows swelled and again outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE.
Charts used courtesy of www.stockcharts.com
PICTURED: The Nasdaq Composite Index is perched -2.5% off its record high. Its 50-day moving average (DMA) line is converging with its 200 DMA line. The Dow Jones Industrial Average and S&P 500 Index are consolidating above their respective 200 DMA lines. Recently leadership (stocks hitting new highs) waned as the "uptrend under pressure" for the major averages (M criteria) has been noted. The major averages retreated as oil prices fell to a six-year low. Exxon (XOM - 2.6%) and Chevron (CVX -2.6%) fell after OPEC announced over the weekend that it will abandon production targets. Economic news was light with a lone report showing that consumer borrowing increased at a slower-than-expected pace in October. In corporate news, shares of Keurig Green Mountain (GMCR +71.9%) after the company agreed to be taken private by JAB Group for $13.9 billion. Kinder Morgan (KMI -2.4%) on speculation from multiple publications that the company will cut its dividend. Chipotle Mexican Grill (CMG -1.7%) after rescinding its 2016 forecast due a growing E. coli outbreak. Seven out of ten sectors in the S&P 500 traded lower on Monday. The energy sector fell more than 3.6% while financials and materials also underperformed. Telecom stocks were the most resilient, adding 0.6% on the session. Treasuries were firmer with the benchmark U.S. 10-year note adding 11/32 to yield 2.23%. In commodities, NYMEX WTI crude plunged 5.5% to $37.75/barrel. COMEX gold was down 0.8% to $1076.40/ounce. In FOREX, the dollar finished higher with particular strength against the euro. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepagefor archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Led Widespread Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were hit hardest on Monday as the Gold & Silver Index ($XAU -5.31%), Integrated Oil Index ($XOI -3.77%) and Oil Services Index ($OSX -4.33%) each suffered a large loss. The Retail Index ($RLX-0.77%), the Bank Index ($BKX-1.32%) and the Broker/Dealer Index ($XBD -1.61%) were negative influences on the major averages. The Biotechnology Index ($BTK -3.13%) outpaced the Networking Index ($NWX -0.89%) and the Semiconductor Index ($SOX -0.96%) to the downside.Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI -3.77%) is slumping below its 50-day moving average (DMA) line toward prior lows.
| Oil Services |
$OSX |
162.42 |
-7.36 |
-4.34% |
-22.98% |
| Integrated Oil |
$XOI |
1,105.26 |
-43.27 |
-3.77% |
-18.02% |
| Semiconductor |
$SOX |
684.86 |
-6.63 |
-0.96% |
-0.29% |
| Networking |
$NWX |
393.04 |
-3.51 |
-0.89% |
+9.81% |
| Broker/Dealer |
$XBD |
186.15 |
-3.04 |
-1.61% |
+0.82% |
| Retail |
$RLX |
1,302.57 |
-10.08 |
-0.77% |
+26.13% |
| Gold & Silver |
$XAU |
47.30 |
-2.65 |
-5.31% |
-31.23% |
| Bank |
$BKX |
75.76 |
-1.01 |
-1.32% |
+2.02% |
| Biotech |
$BTK |
3,645.21 |
-117.91 |
-3.13% |
+5.99% |
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Negative Reversal After Touching a New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Fleetmatics Group Plc (FLTX -$0.67or -1.09% to $61.00) churned above average volume today but ended with a loss after touching a new 52-week high. It has been showing signs of distributional pressure after wedging into new high territory with gains lacking great volume conviction. The recent consolidation was also too short to be recognized as a valid base.
Prior highs in the $56 area define important near-term support coinciding with its 50-day moving average (DMA) line ($56.30). FLTX was last shown in this FSU section on 11/17/15 with an annotated graph under the headline, Extended From Prior Base and Perched Near High".
The high-ranked Ireland-based Computer Software - Enterprise firm reported earnings +41% on +22% sales revenues for the Sep '15 quarter, continuing its strong earnings track record with increases above the +25% minimum guideline (C criteria).
In the 9/23/15 mid-day report (read here) it was highlighted at $51.26 in yellow with pivot point cited based on its 8/07/15 high plus 10 cents. A volume-driven gain on 10/05/15 triggered a technical buy signal.
The number of top-rated funds owning its share rose from 280 in Dec '14 to 339 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 147 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 38.6 million shares outstanding (S criteria) can contribute to volatility in the event of any 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
-
NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$53.81
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-1.15
-2.09% |
$55.35
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208,478
124.09% of 50 DAV
50 DAV is 168,000
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$57.99
-7.21%
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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 - 12/7/2015 3:56:33 PM
Y - Pulling back near important support at its 50 DMA line ($53.06). More damaging losses leading to a violation would raise greater concerns. 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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$55.54
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-1.44
-2.53% |
$56.88
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166,948
117.57% of 50 DAV
50 DAV is 142,000
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$58.75
-5.46%
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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 - 12/7/2015 3:58:17 PM
G - Retreating from a new 52-week high last week. Its 50 DMA line ($52.43) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/19/2015 |
View all notes |
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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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$75.57
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-1.39
-1.81% |
$77.75
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432,618
80.71% of 50 DAV
50 DAV is 536,000
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$77.56
-2.57%
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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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$46.98
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-0.97
-2.02% |
$48.16
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418,003
74.78% of 50 DAV
50 DAV is 559,000
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$48.40
-2.93%
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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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$56.65
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-0.47
-0.82% |
$57.89
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67,781
85.80% of 50 DAV
50 DAV is 79,000
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$66.29
-14.54%
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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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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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+0.00
0.00% |
$104.54
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399,351
136.30% of 50 DAV
50 DAV is 293,000
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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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$192.88
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-1.08
-0.56% |
$193.39
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202,903
75.15% of 50 DAV
50 DAV is 270,000
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$216.27
-10.82%
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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 - 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 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$61.00
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-0.67
-1.09% |
$62.86
|
615,375
139.54% of 50 DAV
50 DAV is 441,000
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$62.77
-2.82%
|
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 - 12/7/2015 5:42:58 PM
G - There was a "negative reversal" today for a loss on higher volume after touching a new high. Recent consolidation was too short to be considered a valid new base. Prior highs in the $56 area and its 50 DMA line define important support. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/17/2015 |
View all notes |
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C
A
S
I |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
|
$27.28
|
-3.35
-10.94% |
$31.45
|
1,637,167
281.30% of 50 DAV
50 DAV is 582,000
|
$36.07
-24.37%
|
12/1/2015
|
$35.15
|
PP = $33.97
|
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MB = $35.67
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Most Recent Note - 12/7/2015 3:50:40 PM
G - Violated its 50 DMA line with today's damaging volume-driven loss raising greater concerns while triggering a technical sell signal, and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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
|
$78.99
|
-0.04
-0.05% |
$80.32
|
174,938
74.44% of 50 DAV
50 DAV is 235,000
|
$79.38
-0.49%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
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MB = $72.40
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Most Recent Note - 12/7/2015 5:45:28 PM
G - Touched a new high today but ended with a loss on light volume. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($69.95) defines near-term support to watch on pullbacks.
>>> 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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$17.04
|
-0.12
-0.70% |
$17.08
|
13,023
86.82% of 50 DAV
50 DAV is 15,000
|
$17.95
-5.07%
|
11/4/2015
|
$17.00
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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
|
$45.73
|
-1.40
-2.97% |
$47.22
|
173,246
40.96% of 50 DAV
50 DAV is 423,000
|
$55.45
-17.53%
|
10/23/2015
|
$42.12
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PP = $44.85
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MB = $47.09
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Most Recent Note - 12/7/2015 3:54:39 PM
Y - Trading very light volume while consolidating above important support at its 50 DMA line ($43.20). Subsequent losses leading to a damaging violation would raise concerns and trigger a technical sell signal.
>>> 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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