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AFTER MARKET UPDATE - FRIDAY, DECEMBER 9TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+142.04 |
19,756.85 |
+0.72% |
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Volume |
876,787,690 |
-9% |
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Volume |
1,881,330,160 |
-9% |
|
NASDAQ |
+27.14 |
5,444.50 |
+0.50% |
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Advancers |
1,488 |
50% |
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Advancers |
1,825 |
59% |
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S&P 500 |
+13.34 |
2,259.53 |
+0.59% |
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Decliners |
1,471 |
50% |
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Decliners |
1,246 |
41% |
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Russell 2000 |
+1.71 |
1,388.07 |
+0.12% |
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52 Wk Highs |
337 |
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52 Wk Highs |
418 |
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S&P 600 |
+2.14 |
857.50 |
+0.25% |
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52 Wk Lows |
22 |
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52 Wk Lows |
22 |
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Indices Extend Rally Further into Record High Ground
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 3.1%, the S&P added 3%, and the Nasdaq gained 3.6%. The major averages advanced on Friday, notching fresh record highs. Volume totals were lighter than the prior session total on the NYSE and on the Nasdaq exchange, revealing less serious institutional buying demand. Breadth was positive as advancers led decliners by a 3-2 margin on the Nasdaq exchange, meanwhile the mix was even on the NYSE. There were 122 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 196 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average posted a 5th consecutive gain for another new 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.
Oil prices climbed as investors awaited next week’s FOMC meeting. According to Bloomberg data, futures are currently pricing a 100% probability of a rate hike next week. On the data front, a University of Michigan preliminary report on consumer sentiment came in at 98.0, above analyst estimates. Separately, wholesale inventories fell 0.4% in October, in-line with expectations.
Nine of 11 sectors in the S&P 500 finished in positive territory. Health Care shares paced the gains with Bristol-Myers Squibb (BMY +3.28%) on the rise. Shares of American Airlines (AAL +3.31%) rose after the air carrier raised its fourth-quarter outlook. In earnings, Duluth Holdings (DLTH -22.92%) fell as the apparel retailer reduced its forward guidance. Broadcom (AVGO +4.91%) rose after the chipmaker reported better-than-expected quarterly profit. In M&A news, Time Inc. (TIME +0.28%) inched higher amid reports the magazine publisher hired bankers to field takeover offers.
Treasuries declined with the benchmark 10-year note down 17/32 to yield 2.47%. In commodities, NYMEX WTI crude added 1.2% to $51.46/barrel, ahead of an OPEC meeting in Vienna on Saturday where production cuts may be discussed. COMEX gold lost 0.9% to $1159.40/ounce. In FOREX, the Dollar Index gained 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver Index Was a Standout Decliner
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.01%) and Bank Index ($BKX +0.01%) were unchanged while the Broker/Dealer Index ($XBD +0.30%) eked out a small gain on Friday The tech sector was mixed as the Semiconductor Index ($SOX -0.36%) and Networking Index ($NWX -0.84%) lost ground while the Biotechnology Index ($BTK +0.27%) posted a small gain. The Oil Services Index ($OSX +0.91%) outpaced the Integrated Oil Index ($XOI +0.37%), meanwhile the Gold & Silver Index ($XAU -3.01%) was a standout decliner. Charts courtesy www.stockcharts.com
 PICTURED: The Oil Services Index ($OSX +0.91%) has rallied to new 2016 highs.
| Oil Services |
$OSX |
189.63 |
+1.70 |
+0.90% |
+20.22% |
| Integrated Oil |
$XOI |
1,265.09 |
+4.66 |
+0.37% |
+17.93% |
| Semiconductor |
$SOX |
892.51 |
-3.19 |
-0.36% |
+34.52% |
| Networking |
$NWX |
450.37 |
-3.81 |
-0.84% |
+19.80% |
| Broker/Dealer |
$XBD |
213.37 |
+0.63 |
+0.30% |
+19.81% |
| Retail |
$RLX |
1,394.71 |
-0.08 |
-0.01% |
+8.67% |
| Gold & Silver |
$XAU |
80.08 |
-2.49 |
-3.02% |
+76.78% |
| Bank |
$BKX |
92.97 |
+0.01 |
+0.01% |
+27.22% |
| Biotech |
$BTK |
3,148.10 |
+8.54 |
+0.27% |
-17.46% |
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Mostly Bullish Action Continues to Bode Well for China Lodging
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
China Lodging Group Ads (HTHT -$0.45 or -0.87% to $51.56) has held its ground stubbornly after a "negative reversal" noted on 12/06/16 for a loss with heavy volume after touching another new 52-week high. It is extended from its prior base and was repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
Disciplined followers of the fact-based investment system know that buying efforts should only be made in fundamentally superior stocks and only after after a technical buy signal has been triggered. Selling should not be based upon a change fundamentals, but should strictly be based upon the technical action in a stock or market. Therefore, those investors will solid profits in HTHT may still be electing to give it the benefit of the doubt until any worrisome technical sell signals raise concerns.
HTHT has traded up as much as +38.6% since first featured in yellow in the 7/13/16 mid-day report (read here). It was last shown in this FSU section on 11/18/16 with an annotated graph under the headline, "Perched Near Highs After Finding Support Above 50-Day Average". The number of top-rated funds owing its shares rose from 87 in Sep '15 to 149 in Sep '16, a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has a B Timeliness rating and a D Sponsorship rating. Its small supply of 27 million shares (S criteria) in the public float may contribute to greater price 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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
|
$25.17
|
-0.08
-0.32% |
$25.74
|
325,329
126.10% of 50 DAV
50 DAV is 258,000
|
$25.48
-1.22%
|
10/10/2016
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$18.20
|
PP = $18.37
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|
MB = $19.29
|
Most Recent Note - 12/7/2016 12:10:07 PM
G - Powering to new all-time highs with a streak of volume-driven gains, getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $19 area.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains on Volume - 12/2/2016 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$21.25
|
+0.55
2.66% |
$23.00
|
137,414
156.15% of 50 DAV
50 DAV is 88,000
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$21.40
-0.70%
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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 - 12/9/2016 12:19:34 PM
G - Hit another new high today after reporting stronger Sep '16 quarterly sales revenues and earnings increases. It is extended from its prior base and 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 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.47
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+0.22
0.44% |
$50.64
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509,373
31.23% of 50 DAV
50 DAV is 1,631,000
|
$50.88
-0.81%
|
11/30/2016
|
$50.26
|
PP = $46.47
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MB = $48.79
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Most Recent Note - 12/6/2016 5:30:45 PM
G - Posted a gain with below above average volume, closing above its "max buy" level and its color code is changed to green. There was a "breakaway gap" on 11/29/16, powering to new 52-week highs with considerable volume-driven gains. Prior highs in the $46 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After "Breakaway Gap" With Heavy Volume - 12/1/2016 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$70.15
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-1.35
-1.89% |
$71.40
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383,011
86.65% of 50 DAV
50 DAV is 442,000
|
$71.97
-2.52%
|
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 - 12/9/2016 3:32:35 PM
G - Perched near all-time highs, very extended from its prior base. Disciplined investors avoid chasing extended stocks. Prior highs and its 50 DMA line define important support in the $59-60 area.
>>> FEATURED STOCK ARTICLE : Hit Another New High Today With Volume-Driven Gain - 12/5/2016 |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$223.55
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-1.66
-0.74% |
$227.42
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590,653
50.61% of 50 DAV
50 DAV is 1,167,000
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$272.58
-17.99%
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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 - 12/6/2016 5:21:56 PM
G - Halted its slide with recent gains lacking great volume conviction. The longer it lingers below its downward sloping 50 DMA line the worse its outlook gets. A rebound above the 50 DMA line ($245) is needed to help its outlook improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Concerns Remain While Lingering Below 50-Day Moving Average - 12/6/2016 |
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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
|
$51.56
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-0.45
-0.87% |
$52.60
|
99,102
61.94% of 50 DAV
50 DAV is 160,000
|
$53.88
-4.30%
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9/29/2016
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$46.12
|
PP = $47.82
|
|
MB = $50.21
|
Most Recent Note - 12/9/2016 5:07:07 PM
G - Holding its ground with volume totals cooling since a noted "negative reversal" on 12/06/16 for a loss with heavy volume after touching another new 52-week high. It is extended from its prior base and was repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Mostly Bullish Action Continues to Bode Well for China Lodging - 12/9/2016 |
View all notes |
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C
A
S
I |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$109.50
|
+0.40
0.37% |
$110.18
|
198,017
80.82% of 50 DAV
50 DAV is 245,000
|
$110.05
-0.50%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 12/7/2016 4:32:59 PM
G - Color code is changed to green after a gain with average volume today for a close above its "max buy" level. Prior highs in the $101-103 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$24.43
|
+0.58
2.43% |
$24.82
|
269,259
183.17% of 50 DAV
50 DAV is 147,000
|
$24.99
-2.24%
|
10/27/2016
|
$21.03
|
PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 12/9/2016 3:36:19 PM
G - Color code is changed to green after rallying today with above average volume, rising back above its "max buy" level to challenge all-time highs. Recent lows in the $22 area and its 50 DMA line ($21.64) define important support to watch on pullbacks.
>>> 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
|
$74.70
|
+0.05
0.07% |
$75.53
|
84,879
76.47% of 50 DAV
50 DAV is 111,000
|
$74.75
-0.07%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/7/2016 4:31:25 PM
G - Hit another new high while it rose above its "max buy" level with today's gain on near average volume and its color code is changed to green. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> 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
|
$94.41
|
-1.35
-1.41% |
$96.62
|
511,297
73.36% of 50 DAV
50 DAV is 697,000
|
$98.79
-4.43%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/7/2016 4:28:02 PM
G - Hit new all-time highs with today's volume-driven gain, rallying well above its "max buy" level. 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
|
$74.43
|
-0.25
-0.33% |
$75.08
|
170,367
149.44% of 50 DAV
50 DAV is 114,000
|
$75.84
-1.86%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 12/8/2016 12:51:26 PM
G - Recently churning above average volume while perched at all-time highs. Very extended from its prior base. Its 50 DMA line ($59) 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
|
$30.85
|
-0.40
-1.28% |
$31.45
|
1,055,615
126.27% of 50 DAV
50 DAV is 836,000
|
$32.75
-5.80%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 12/8/2016 12:40:22 PM
G - Reported earnings +55% on +16% sales revenues for the Oct '16 quarter, continuing its strong earnings track record. Color code is changed to green after quickly rebounding above its "max buy" level following a gap down today. Prior highs in the $28 area define important support to watch coinciding with its 50 DMA line.
>>> 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 |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$42.40
|
-1.10
-2.53% |
$44.70
|
1,940,073
194.20% of 50 DAV
50 DAV is 999,000
|
$45.25
-6.30%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
|
Most Recent Note - 12/9/2016 12:25:18 PM
Y - Trading in a wide intra-day range today. Finished strong on the prior session after highlighted in yellow with pivot point cited based on its 10/07/16 high plus 10 cents. Little resistance remains while rebounding toward prior highs after a choppy consolidation above and below its 50 DMA line. Volume-driven gains for new highs may trigger a technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Challenging its High With Big Volume-Driven Gain - 12/8/2016 |
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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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