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AFTER MARKET UPDATE - THURSDAY, DECEMBER 10TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+82.45 |
17,574.75 |
+0.47% |
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Volume |
848,959,380 |
-14% |
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Volume |
1,620,415,220 |
-11% |
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NASDAQ |
+22.30 |
5,045.17 |
+0.44% |
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Advancers |
1,493 |
49% |
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Advancers |
1,598 |
55% |
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S&P 500 |
+4.61 |
2,052.23 |
+0.23% |
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Decliners |
1,537 |
51% |
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Decliners |
1,317 |
45% |
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Russell 2000 |
+3.15 |
1,149.02 |
+0.28% |
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52 Wk Highs |
15 |
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52 Wk Highs |
28 |
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S&P 600 |
+1.50 |
679.15 |
+0.22% |
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52 Wk Lows |
136 |
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52 Wk Lows |
113 |
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Leadership Waned as Indicies Posted Quiet Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Thursday. The Dow added 82 points to 17574. The S&P 500 was up 4 points to 2052. The NASDAQ climbed 22 points to 5045. Volume was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners narrowly led advancers on the NYSE while advancers led decliners by an 8-7 margin on the Nasdaq exchange. Leadership waned as there were only 8 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 18 on the prior session. There were gains for 6 of the 11 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 Nasdaq Composite Index is consolidating above its 50-day and 200-day moving average (DMA) lines 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 snapped a three-day decline as investors wait for next week’s Federal Reserve meeting. On the data front, weekly jobless claims rose to 282,000, which was higher than analyst projections of 270,000. Import prices fell 0.4% in November versus consensus estimates to decline 0.8%. In other news, Congress will hold a vote tomorrow in an attempt to avoid a government shutdown. On the earnings front, Men’s Warehouse (MW -16.97%) plunged after reporting a 35% drop in sales at their Joseph A Bank stores. First Solar (FSLR -7.65%) fell after providing higher expense guidance than analyst estimates. Adobe (ADBE -0.67%) edged lower ahead of their quarterly release. Eight out of ten sectors in the S&P 500 finished higher on Thursday. Energy and healthcare stocks paced the gains while the utilities and materials sectors underperformed. Treasuries were marginally lower with the benchmark 10-year note off 4/32 to yield 2.23%. The 30-year bond gained 5/32 to 2.97% amid today’s $13 billion auction. In commodities, NYMEX WTI crude slipped 1.8% to $36.48/barrel. COMEX gold was 0.4% lower at $1073.10/ounce. In FOREX, the dollar finished firmly higher against the euro. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Semiconductor, Biotech, Financial and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a slightly positive bias as the Gold & Silver Index ($XAU +0.34%) edged higher on Thursday and the Integrated Oil Index ($XOI +0.58%) and Oil Services Index ($OSX +0.34%) also posted modest gains. The Retail Index ($RLX+0.06%) finished flat while the Bank Index ($BKX+0.54%) and the Broker/Dealer Index ($XBD +0.52%) both had a slightly positive influence on the major averages. The Semiconductor Index ($SOX +0.59%) and the Biotechnology Index ($BTK +0.69%) both ended the session with small gains while the Networking Index ($NWX -1.65%)slumped. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU +0.34%) recently has slumped near multi-year lows.
| Oil Services |
$OSX |
164.39 |
+0.56 |
+0.34% |
-22.04% |
| Integrated Oil |
$XOI |
1,104.99 |
+6.41 |
+0.58% |
-18.04% |
| Semiconductor |
$SOX |
674.23 |
+3.94 |
+0.59% |
-1.84% |
| Networking |
$NWX |
379.36 |
-6.38 |
-1.65% |
+5.98% |
| Broker/Dealer |
$XBD |
180.80 |
+0.93 |
+0.52% |
-2.08% |
| Retail |
$RLX |
1,294.68 |
+0.76 |
+0.06% |
+25.36% |
| Gold & Silver |
$XAU |
47.37 |
+0.16 |
+0.34% |
-31.13% |
| Bank |
$BKX |
73.81 |
+0.40 |
+0.54% |
-0.61% |
| Biotech |
$BTK |
3,672.25 |
+25.26 |
+0.69% |
+6.78% |
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Finding Support Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Veritex Holdings Inc (VBTX +$0.19 or +1.14% to $16.80) is consolidating above its 50-day moving average (DMA) line after recently churning above average volume and not making meaningful price progress, a sign of distributional pressure. VBTX was last shown in this FSU section on 11/20/15 with an annotated graph under the headline, "Found Support This Week Above 50-Day Moving Average". Disciplined investors will note that it 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. It was highlighted in yellow with pivot point cited based on its 7/08/15 high plus 10 cents in the 11/04/15 mid-day report (read here). The number of top-rated funds owning its shares rose from 18 in Jun '15 to 22 in Sep '15. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days (I criteria). Its small supply of only 10.7 million shares (S criteria) in the public float can contribute top greater volatility in the event of institutional buying or selling. Reported earnings +64% on +31% sales revenue for the Sep '15 quarter and the past 8 quarterly comparisons earnings increases versus the year ago periods well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has been good, but its has a limited history since its Oct 2014 IPO at $13. 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 |
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Max Buy |
PNFP
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NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$51.97
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-0.14
-0.27% |
$52.60
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204,641
118.98% of 50 DAV
50 DAV is 172,000
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$57.99
-10.38%
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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 |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$52.91
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-0.48
-0.90% |
$53.86
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167,794
116.52% of 50 DAV
50 DAV is 144,000
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$58.75
-9.94%
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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 |
Set NEW NOTE alert |
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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$73.04
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-0.71
-0.96% |
$73.99
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352,843
67.47% of 50 DAV
50 DAV is 523,000
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$77.75
-6.06%
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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 |
SEC
News |
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C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$46.36
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+0.09
0.19% |
$46.82
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435,738
77.12% of 50 DAV
50 DAV is 565,000
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$48.40
-4.21%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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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$55.25
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-1.16
-2.06% |
$56.93
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78,551
98.19% of 50 DAV
50 DAV is 80,000
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$66.29
-16.65%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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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
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$103.27
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+2.66
2.64% |
$103.81
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328,968
111.51% of 50 DAV
50 DAV is 295,000
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$106.43
-2.97%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$192.70
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+3.71
1.96% |
$193.63
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235,293
87.15% of 50 DAV
50 DAV is 270,000
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$216.27
-10.90%
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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
|
$53.06
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-2.39
-4.31% |
$55.99
|
1,163,774
252.99% of 50 DAV
50 DAV is 460,000
|
$62.86
-15.59%
|
9/23/2015
|
$51.26
|
PP = $52.55
|
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MB = $55.18
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Most Recent Note - 12/10/2015 12:32:10 PM
G - Damaging losses violated its 50 DMA line raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line ($56.78) would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching a New High - 12/7/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$77.79
|
+1.90
2.50% |
$79.85
|
199,021
83.27% of 50 DAV
50 DAV is 239,000
|
$80.64
-3.53%
|
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 |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
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$16.80
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+0.19
1.14% |
$16.88
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20,709
129.43% of 50 DAV
50 DAV is 16,000
|
$17.95
-6.41%
|
11/4/2015
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$17.00
|
PP = $18.05
|
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MB = $18.95
|
Most Recent Note - 12/10/2015 5:28:47 PM
Y - Consolidating above its 50 DMA line 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Moving Average Line - 12/10/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$49.00
|
+1.07
2.23% |
$49.94
|
307,102
71.42% of 50 DAV
50 DAV is 430,000
|
$55.45
-11.63%
|
10/23/2015
|
$42.12
|
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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