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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 9TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-75.70 |
17,492.30 |
-0.43% |
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Volume |
988,730,350 |
+4% |
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Volume |
1,815,543,880 |
+5% |
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NASDAQ |
-75.37 |
5,022.87 |
-1.48% |
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Advancers |
1,213 |
39% |
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Advancers |
870 |
30% |
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S&P 500 |
-15.97 |
2,047.62 |
-0.77% |
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Decliners |
1,865 |
61% |
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Decliners |
2,067 |
70% |
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Russell 2000 |
-13.53 |
1,145.87 |
-1.17% |
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52 Wk Highs |
27 |
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52 Wk Highs |
29 |
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S&P 600 |
-8.04 |
677.65 |
-1.17% |
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52 Wk Lows |
163 |
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52 Wk Lows |
149 |
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Major Averages Fell With Higher Volume Behiond Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks declined on Wednesday. The Dow was off 75 points to 17492. The S&P 500 dipped 15 points to 2047. The NASDAQ lost 75 points to 5022. Volume was higher than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 18 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 20 on the prior session. There was a gain for only 1 of the 12 high-ranked companies currently on the Featured Stocks Page. New 52-week lows still solidly 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 slumped below its 200-day moving average (DMA) line toward its 50 DMA line and recent lows which define important near-term support. Losses leading to subsequent violations would raise concerns. The Dow Jones Industrial Average and S&P 500 Index have sputtered below 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 finished lower for a third-straight session amid an influx of corporate news. Oil drillers caught a boost after the Department of Energy released a report showing crude stockpiles in America fell for the first time since September. On the data front, wholesale inventories unexpectedly declined 0.1% in October. In M&A news, Dow Chemical (DOW +11.93%) and DuPont (DD +11.85%) climbed following reports that the two chemical companies are in merger talks. In earnings, Costco (COST -5.42%) fell, and shares of Lululemon (LULU -13.12%) tumbled as each company missed consensus profit forecasts. Yahoo (YHOO -1.29%) slipped after announcing it is scrapping plans to spin-off its stake in China’s Alibaba (BABA -1.14%). Seven out of ten sectors in the S&P 500 declined on Wednesday. Tech and consumer discretionary shares underperformed while materials and energy stocks rebounded to pace the gains. Treasuries were mixed with the curve steepening. The benchmark 10-year note added 1/32 to yield 2.22% after a $21 billion auction this afternoon. In commodities, NYMEX WTI crude ebbed 0.4% to $37.37 barrel while COMEX gold ticked up 0.1% to $1077.60/ounce. In FOREX, the dollar retreated against the yen and euro. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepagefor archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Rose; Tech, Retail, and Financials Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +1.58%), Integrated Oil Index ($XOI +0.45%), and Oil Services Index ($OSX +2.23%) each rose. The Retail Index ($RLX -1.27%) was lower and the Bank Index ($BKX-1.28%) and the Broker/Dealer Index ($XBD -1.91%) fell as financial shares were negative influences on the major averages on Wednesday. The Biotechnology Index ($BTK -1.72%), Networking Index ($NWX -1.36%) and the Semiconductor Index ($SOX -1.29%) also ended unanimously lower. Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX -1.29%) is consolidating near its 200-day moving average (DMA) line and above its 50 DMA line.
| Oil Services |
$OSX |
163.83 |
+3.57 |
+2.23% |
-22.31% |
| Integrated Oil |
$XOI |
1,098.57 |
+4.93 |
+0.45% |
-18.51% |
| Semiconductor |
$SOX |
670.29 |
-8.74 |
-1.29% |
-2.41% |
| Networking |
$NWX |
385.74 |
-5.33 |
-1.36% |
+7.77% |
| Broker/Dealer |
$XBD |
179.87 |
-3.49 |
-1.91% |
-2.58% |
| Retail |
$RLX |
1,293.92 |
-16.59 |
-1.27% |
+25.29% |
| Gold & Silver |
$XAU |
47.21 |
+0.74 |
+1.59% |
-31.36% |
| Bank |
$BKX |
73.41 |
-0.95 |
-1.28% |
-1.14% |
| Biotech |
$BTK |
3,646.99 |
-63.97 |
-1.72% |
+6.04% |
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Consolidating Above Prior Highs and 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Manhattan Associates Inc (MANH -$2.69 or -3.52% to $73.75) has been pulling back after recently wedging to new highs with gains lacking great volume conviction. Prior highs in the $69 area and its 50-day moving average (DMA) line define support to watch on pullbacks. It was last shown in this FSU section on 11/18/15 with an annotated graph under the headline, "Consolidating Above Prior Highs and 50-Day Moving Average". It was highlighted in yellow with pivot point cited based on its 7/23/15 high plus 10 cents in the 10/21/15 mid-day report (read here). It reported earnings +31% on +13% sales revenues for the Sep '15 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Earnings were +25%, +31%, +28%, and +31% in the Dec '14, Mar, Jun, and Sep '15 quarters, respectively, versus the year ago periods. Sales revenues rose +21%, +18%, +14%, and +13% during that same span. Following a downturn in its FY '09 earnings (A criteria) it has shown strong earnings growth. The Computer Software group has shown a good leadership (L criteria). MANH has a 98 Earnings Per Share (EPS) rating. Its Relative Strength line recently rallied to new highs ahead of the shares' move into new high territory, a reassuring sign. It has a small supply of 73.1 million shares (S criteria) outstanding, which can contribute to volatility in the event of institutional buying or selling. The number of top-rated funds owning its share rose from 422 in Dec '14 to 530 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. Charts courtesy www.stockcharts.com
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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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$52.11
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-0.88
-1.66% |
$53.85
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224,755
133.78% of 50 DAV
50 DAV is 168,000
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$57.99
-10.14%
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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 - 12/9/2015 1:34:05 PM
G - Slumping below its 50 DMA line raising greater concerns and triggering a technical sell signal. Color code is changed to green. 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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$53.39
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-0.92
-1.69% |
$54.52
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170,599
119.30% of 50 DAV
50 DAV is 143,000
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$58.75
-9.12%
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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 - 12/8/2015 5:08:56 PM
G - Extended from prior base and pulling back from its 52-week high. Its 50 DMA line defines near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Pulling Back From High - 12/8/2015 |
View all notes |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$73.75
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-2.69
-3.52% |
$76.44
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507,844
96.55% of 50 DAV
50 DAV is 526,000
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$77.75
-5.14%
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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 - 12/9/2015 5:46:06 PM
G - Consolidating above prior highs in the $69 area and its 50 DMA line defining support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 12/9/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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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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$46.27
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-1.06
-2.24% |
$48.20
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488,161
86.86% of 50 DAV
50 DAV is 562,000
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$48.40
-4.40%
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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 - 12/9/2015 1:15:36 PM
Y - Holding its ground stubbornly near all-time highs with volume totals cooling. 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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$56.41
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-0.75
-1.31% |
$57.55
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91,069
115.28% of 50 DAV
50 DAV is 79,000
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$66.29
-14.90%
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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 - 12/9/2015 12:34:39 PM
Y - Recently finding support near prior highs in the $57 area and its 50 DMA line. More damaging losses undercutting the recent low ($54.86 on 12/03/15)could 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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$100.61
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-2.37
-2.30% |
$104.25
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464,477
157.99% of 50 DAV
50 DAV is 294,000
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$106.43
-5.47%
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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 - 12/9/2015 1:29:14 PM
G - Still consolidating in a very 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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$188.99
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-5.66
-2.91% |
$195.32
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186,813
68.93% of 50 DAV
50 DAV is 271,000
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$216.27
-12.61%
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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 - 12/9/2015 1:31:41 PM
G - Slumping further below prior highs and below its 50 DMA line raising concerns and triggering technical sell signals. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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
|
$55.45
|
-4.94
-8.18% |
$60.35
|
972,702
217.61% of 50 DAV
50 DAV is 447,000
|
$62.86
-11.79%
|
9/23/2015
|
$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 12/9/2015 1:13:25 PM
G - Encountering distributional pressure after recently wedging higher. Today's 3rd consecutive loss has it sinking near prior highs in the $56 area and its 50 DMA line defining important support.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching a New High - 12/7/2015 |
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C
A
S
I |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
|
$26.25
|
-1.33
-4.82% |
$27.82
|
746,282
123.35% of 50 DAV
50 DAV is 605,000
|
$36.07
-27.22%
|
12/1/2015
|
$35.15
|
PP = $33.97
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|
MB = $35.67
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Most Recent Note - 12/9/2015 1:18:55 PM
Failing to rebound after violating its 50 DMA line with a damaging volume-driven loss triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. It will be dropped from the Featured Stocks list tonight.
>>> 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
|
$75.89
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-4.31
-5.37% |
$80.32
|
290,098
121.89% of 50 DAV
50 DAV is 238,000
|
$80.64
-5.89%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
|
Most Recent Note - 12/9/2015 1:20:59 PM
G - Pulling back today after touching a new all-time high on the prior session. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($70.69) 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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$16.61
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-0.43
-2.52% |
$16.94
|
27,970
174.81% of 50 DAV
50 DAV is 16,000
|
$17.95
-7.47%
|
11/4/2015
|
$17.00
|
PP = $18.05
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MB = $18.95
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Most Recent Note - 12/9/2015 1:09:22 PM
Y - Slumping near its 50 DMA line today after recently churning above average volume and not making meaningful price progress, a sign of distributional pressure. Gains above its pivot point backed by at least +40% above average volume are needed to trigger a proper 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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$47.93
|
+0.29
0.61% |
$50.00
|
434,054
102.37% of 50 DAV
50 DAV is 424,000
|
$55.45
-13.56%
|
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 - 12/8/2015 3:56:34 PM
G - Volume totals have been cooling in recent weeks while consolidating above important support at its 50 DMA line ($43.58). 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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