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AFTER MARKET UPDATE - FRIDAY, DECEMBER 11TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-309.54 |
17,265.21 |
-1.76% |
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Volume |
996,997,730 |
+17% |
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Volume |
1,910,129,800 |
+18% |
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NASDAQ |
-111.70 |
4,933.47 |
-2.21% |
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Advancers |
379 |
12% |
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Advancers |
447 |
15% |
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S&P 500 |
-39.86 |
2,012.37 |
-1.94% |
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Decliners |
2,730 |
88% |
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Decliners |
2,599 |
85% |
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Russell 2000 |
-25.42 |
1,123.61 |
-2.21% |
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52 Wk Highs |
8 |
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52 Wk Highs |
14 |
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S&P 600 |
-13.07 |
666.08 |
-1.92% |
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52 Wk Lows |
362 |
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52 Wk Lows |
207 |
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Breadth Negative and Leadership Waned as Indices Faced Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the S&P 500 tumbled 3.3%, while the Dow lost 3.8% and the NASDAQ Composite retreated 4.1%. Stocks retreated on Friday. The Dow lost 309 points to 17265. The S&P 500 was down 39 points to 2012. The NASDAQ declined 111 points to 4933. Volume was higher than the prior session totals on the NYSE and on the Nasdaq exchange, a clear sign of distributional pressure. Decliners solidly led advancers by a 7-1 margin on the NYSE and 6-1 on the Nasdaq exchange. Leadership waned as there were only 4 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 8 on the prior session. There were gains for only 2 of the 11 high-ranked companies currently on the Featured Stocks Page. Meanwhile, the new 52-week low totals swelled and solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. Charts used courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index sliced below its 50-day and 200-day moving average (DMA) lines and slumped below prior lows. Losses leading to the violations were backed by higher volume triggering sell signals and raising concerns. The Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index unanimously sliced below their respective 200 DMA lines yet again. The lack of new leadership (stocks hitting new highs) coupled with deterioration in the major averages (M criteria) charts gives the current market environment the look of a more worrisome "correction". During weak markets the fact-based investment system prompts investors to reduce exposure by selling any faltering stocks. The major averages sold-off to cap their worst-weekly performance since August. On the data front, retail sales ticked up 0.2% in November. Subtracting auto and gas, the gauge increased 0.5%, versus projections of a 0.4% advance. In a separate release, producer prices jumped 0.3% in November versus expectations to be unchanged. Finally, a preliminary gauge of consumer sentiment for December grew by slightly less than projected. M&A remained in focus with Dow and DuPont officially announcing a $130 billion merger. Dow (DOW -2.80%) fell on the news while DuPont (DD -5.51%) also was lower. On the earnings front, Adobe (ADBE +2.77%) rose after topping Wall Street earnings projections last night. All ten sectors in the S&P 500 traded lower with energy and materials stocks each losing more than 2.5%. Treasuries were higher with the benchmark 10-year note adding 28/32 to yield 2.13%. In commodities, NYMEX WTI crude fell 3.3% to $35.54/barrel after the EIA published a report predicting the global supply glut will last into 2016. COMEX gold was up 0.4% t0 $1076.90/ounce. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Financial, Retail, and Tech Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX-2.23%) slumped and the Bank Index ($BKX-2.44%) and Broker/Dealer Index ($XBD -3.25%) both had a solidly negative influence on the major averages. The Gold & Silver Index ($XAU +0.08%) eked out a tiny gain on Friday, meanwhile the Integrated Oil Index ($XOI -3.59%) and Oil Services Index ($OSX -2.86%) both tumbled. The Semiconductor Index ($SOX -1.99%), Biotechnology Index ($BTK -2.79%), and the Networking Index ($NWX -1.45%) ended unanimously lower.Charts courtesy www.stockcharts.com
 PICTURED: The Integrated Oil Index ($XOI -3.59%) recently slumped back below its 50-day moving average (DMA) line toward prior lows.
| Oil Services |
$OSX |
159.69 |
-4.70 |
-2.86% |
-24.27% |
| Integrated Oil |
$XOI |
1,065.32 |
-39.67 |
-3.59% |
-20.98% |
| Semiconductor |
$SOX |
660.78 |
-13.45 |
-1.99% |
-3.80% |
| Networking |
$NWX |
373.87 |
-5.49 |
-1.45% |
+4.45% |
| Broker/Dealer |
$XBD |
174.92 |
-5.88 |
-3.25% |
-5.26% |
| Retail |
$RLX |
1,265.86 |
-28.82 |
-2.23% |
+22.57% |
| Gold & Silver |
$XAU |
47.41 |
+0.04 |
+0.08% |
-31.07% |
| Bank |
$BKX |
72.01 |
-1.80 |
-2.44% |
-3.03% |
| Biotech |
$BTK |
3,569.85 |
-102.39 |
-2.79% |
+3.80% |
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Perched Near 52-Week High After More Bullish Action
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stamps.Com Inc (STMP +$0.77 or +0.75% to $104.04) is 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. It has been consolidating since last shown in this FSU section with an annotated graph on 11/23/15 under the headline, "Volume-Driven Gain For Second Best Close". It was highlighted in yellow with pivot point cited based on its 8/19/15 high plus 10 cents in the 11/06/15 mid-day report (read here). Nearly 8 times average volume was behind its considerable "breakaway gap". Breakaway gaps are one noted exception where chasing a stock more than +5% above prior highs is permitted under the fact-based investment system guidelines, but risk increases the further above prior highs one makes any purchases. Bullish action came after it reported earnings +61% on +37% sales revenues for the Sep '15 quarter, well above the +25% minimum guideline (C criteria), continuing its strong earnings history matching the fact-based investment system's winning models. Earnings rose +44%, +76%, and 61% in the Mar, Jun, and Sep '15 quarters, respectively, versus the year ago periods. Sales revenues rose +32%, +41%, and +37% during that same span. It has earned an Earnings Per Share Rating of 99, putting it in the top 1% of all publicly traded stocks based on its earnings history over the past 5 years. The Retail - Internet firm has other strong leaders in the group confirming the L criteria, as the group has an A+ Group Relative Strength Rating. Its annual earnings (A criteria) history has shown strong and steady increases since FY '09 following a couple of flat years. The number of top-rated funds owning its shares rose from 232 in Dec '14 to 312 in Sep '15, a reassuring sign concerning the I criteria. Its small supply of only 16.5 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. 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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$50.83
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-1.14
-2.19% |
$51.72
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335,698
195.17% of 50 DAV
50 DAV is 172,000
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$57.99
-12.34%
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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 - 12/11/2015 5:41:34 PM
Testing its 200 DMA line with a 5th consecutive loss on higher volume raising greater concerns after triggering a technical sell signal with damaging losses this week. It will be dropped from the Featured Stocks list tonight
>>> FEATURED STOCK ARTICLE : Negated Breakout Then Finding Support Above 50 Day Average - 11/24/2015 |
View all notes |
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Company Profile |
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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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$51.62
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-1.06
-2.01% |
$52.96
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314,820
218.63% of 50 DAV
50 DAV is 144,000
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$58.75
-12.14%
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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 - 12/11/2015 5:39:01 PM
G - Violated its 50 DMA line raising concerns and triggering a technical sell signal with above average volume behind today's 5th consecutive loss. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Pulling Back From High - 12/8/2015 |
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Set NEW NOTE alert |
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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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$70.34
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-2.70
-3.70% |
$72.32
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778,169
153.18% of 50 DAV
50 DAV is 508,000
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$77.75
-9.53%
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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 - 12/11/2015 5:36:43 PM
G - Testing prior highs in the $69 area after violating its 50 DMA line with a damaging loss today raising concerns. Only a prompt rebound above the 50 DMA liner would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 12/9/2015 |
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C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$46.84
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+0.48
1.04% |
$47.05
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511,431
90.52% of 50 DAV
50 DAV is 565,000
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$48.40
-3.22%
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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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News |
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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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$54.50
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-0.75
-1.36% |
$55.92
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60,558
75.70% of 50 DAV
50 DAV is 80,000
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$66.29
-17.79%
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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
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$104.04
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+0.77
0.75% |
$105.15
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424,395
143.86% of 50 DAV
50 DAV is 295,000
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$106.43
-2.25%
|
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 - 12/11/2015 5:29:05 PM
G - Perched near 52-week high after bullish action. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near 52-Week High After More Bullish Action - 12/11/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$189.93
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-2.77
-1.44% |
$192.82
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241,705
90.19% of 50 DAV
50 DAV is 268,000
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$216.27
-12.18%
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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
|
$50.26
|
-2.80
-5.28% |
$52.21
|
1,279,518
268.24% of 50 DAV
50 DAV is 477,000
|
$62.86
-20.04%
|
9/23/2015
|
$51.26
|
PP = $52.55
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MB = $55.18
|
Most Recent Note - 12/11/2015 5:33:16 PM
Ended near the session low with today's 5th consecutive loss. Damaging volume-driven 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. It will be dropped from the Featured Stocks list tonight.
>>> 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
|
$74.82
|
-2.97
-3.82% |
$76.93
|
263,275
112.03% of 50 DAV
50 DAV is 235,000
|
$80.64
-7.22%
|
10/22/2015
|
$66.65
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PP = $68.95
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MB = $72.40
|
Most Recent Note - 12/11/2015 5:34:41 PM
G - Pulled back from new all-time highs hit this week. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($71.18) 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
|
$16.46
|
-0.34
-2.02% |
$17.05
|
21,005
123.56% of 50 DAV
50 DAV is 17,000
|
$17.95
-8.30%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
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 |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$45.12
|
-3.88
-7.92% |
$48.52
|
423,750
98.32% of 50 DAV
50 DAV is 431,000
|
$55.45
-18.63%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 12/11/2015 5:30:18 PM
G - Tumbled near important support at its 50 DMA line ($44.51). 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 |
|
|
|
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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