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AFTER MARKET UPDATE - MONDAY, DECEMBER 12TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+39.58 |
19,796.43 |
+0.20% |
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Volume |
1,178,115,310 |
+34% |
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Volume |
1,772,669,520 |
-6% |
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NASDAQ |
-31.96 |
5,412.54 |
-0.59% |
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Advancers |
1,067 |
36% |
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Advancers |
928 |
30% |
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S&P 500 |
-2.57 |
2,256.96 |
-0.11% |
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Decliners |
1,930 |
64% |
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Decliners |
2,125 |
70% |
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Russell 2000 |
-14.93 |
1,373.14 |
-1.08% |
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52 Wk Highs |
266 |
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52 Wk Highs |
258 |
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S&P 600 |
-8.85 |
848.65 |
-1.03% |
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52 Wk Lows |
83 |
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52 Wk Lows |
32 |
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Leadership Contracted as Major Averages Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Monday. The Dow was up 39 points to 19796. The S&P 500 lost 2 points to 2256 and the Nasdaq Composite fell 31 points to 5412. Volume totals were higher than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers more than a 2-1 margin on the Nasdaq exchange and nearly 2-1 on the NYSE. There were 73 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 122 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 500 Index remains perched near its 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.
The S&P 500 pulled back from record highs on Monday as oil prices climbed and Treasury yields spiked ahead of the Federal Reserve’s two-day policy meeting. The central bank is largely expected to raise interest rates by 25 basis points at the conclusion of this week’s meeting. Overseas, OPEC and non-OPEC countries agreed to cut oil production on Saturday. NYMEX WTI crude advanced 1.8% to $52.43/barrel, as Russia agreed to reduce output by 558,000 barrels per day.
Six of 11 sectors in the S&P 500 finished in positive territory. Telecom stocks outperformed with AT&T (T +1.83%) rose after being the subject of positive analyst commentary. Energy shares caught a boost with Exxon Mobil (XOM +2.22%) rising. In the consumer space, Viacom (VIA +9.4%) after negotiations ended on the proposed merger with CBS (CBS -0.61%) . Shares of 21st Century Fox (FOX -6.20%) fell amid speculation the bid to buy Sky Plc (SKYAY -1.32%) could run into a roadblock. In Health Care, Alexion Pharmaceuticals (ALXN -12.86%) as the board announced the resignation of the CEO and CFO.
Treasuries finished mixed with the benchmark 10-year note down 2/32 to yield 2.47%. In commodities, COMEX gold added 0.4% to $1163.50/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.75%), Bank Index ($BKX -1.29%) and the Broker/Dealer Index ($XBD -1.26%) lost ground on Monday. The tech sector had a negative bias as the Semiconductor Index ($SOX -0.79%), Networking Index ($NWX -0.58%) and the Biotechnology Index ($BTK -0.56%) each suffered a small loss Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +0.83%), Integrated Oil Index ($XOI +0.52%), and the Gold & Silver Index ($XAU +0.23%) posted modest gains. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX -1.29%) is perched near record highs.
| Oil Services |
$OSX |
191.20 |
+1.57 |
+0.83% |
+21.22% |
| Integrated Oil |
$XOI |
1,271.66 |
+6.57 |
+0.52% |
+18.55% |
| Semiconductor |
$SOX |
885.46 |
-7.05 |
-0.79% |
+33.46% |
| Networking |
$NWX |
447.74 |
-2.63 |
-0.58% |
+19.10% |
| Broker/Dealer |
$XBD |
210.69 |
-2.68 |
-1.26% |
+18.30% |
| Retail |
$RLX |
1,384.21 |
-10.50 |
-0.75% |
+7.85% |
| Gold & Silver |
$XAU |
80.26 |
+0.18 |
+0.22% |
+77.17% |
| Bank |
$BKX |
91.77 |
-1.20 |
-1.29% |
+25.57% |
| Biotech |
$BTK |
3,130.40 |
-17.70 |
-0.56% |
-17.92% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Fact-Based Investment System You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed click here and indicate "Find a Broker". Account minimum $250,000. |
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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
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$24.41
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-0.76
-3.02% |
$25.23
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318,565
123.00% of 50 DAV
50 DAV is 259,000
|
$25.74
-5.17%
|
10/10/2016
|
$18.20
|
PP = $18.37
|
|
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
|
$22.55
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+1.30
6.12% |
$22.95
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156,827
174.25% of 50 DAV
50 DAV is 90,000
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$23.00
-1.96%
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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 - 12/12/2016 5:13:38 PM
G - Posted a 2nd consecutive volume-driven gain for a new high close today. Reported very strong 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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$51.27
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+0.78
1.54% |
$51.31
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1,141,695
72.49% of 50 DAV
50 DAV is 1,575,000
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$50.88
0.77%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 12/12/2016 5:10:26 PM
G - Posted a gain today with below above average volume for another new high. 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
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$69.30
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-0.85
-1.21% |
$70.80
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368,659
83.22% of 50 DAV
50 DAV is 443,000
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$71.97
-3.70%
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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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$218.58
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-4.97
-2.22% |
$219.68
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1,697,024
146.04% of 50 DAV
50 DAV is 1,162,000
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$272.58
-19.81%
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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 - 12/12/2016 12:05:55 PM
Gapped down today undercutting recent lows with a loss on higher volume. It will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line ($243) is needed to help its outlook improve.
>>> 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
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$52.85
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+1.29
2.50% |
$53.04
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175,071
111.51% of 50 DAV
50 DAV is 157,000
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$53.88
-1.90%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
|
Most Recent Note - 12/12/2016 12:23:19 PM
G - Holding its ground in a tight range near its 52-week high, extended from its prior base. 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 an annotated graph.
>>> FEATURED STOCK ARTICLE : Mostly Bullish Action Continues to Bode Well for China Lodging - 12/9/2016 |
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C
A
S
I |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
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$109.25
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-0.25
-0.23% |
$109.95
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118,659
48.04% of 50 DAV
50 DAV is 247,000
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$110.18
-0.84%
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11/29/2016
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$106.29
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PP = $101.00
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MB = $106.05
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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
|
$23.86
|
-0.57
-2.33% |
$24.42
|
120,150
80.64% of 50 DAV
50 DAV is 149,000
|
$24.99
-4.52%
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10/27/2016
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$21.03
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PP = $22.60
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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
|
$74.20
|
-0.50
-0.67% |
$74.70
|
78,489
70.71% of 50 DAV
50 DAV is 111,000
|
$75.53
-1.76%
|
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
|
$93.14
|
-1.27
-1.35% |
$94.00
|
908,456
130.53% of 50 DAV
50 DAV is 696,000
|
$98.79
-5.72%
|
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
|
$72.27
|
-2.17
-2.91% |
$74.50
|
129,736
111.84% of 50 DAV
50 DAV is 116,000
|
$75.84
-4.71%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
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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
|
$29.75
|
-1.10
-3.57% |
$30.75
|
1,046,454
123.84% of 50 DAV
50 DAV is 845,000
|
$32.75
-9.16%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
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MB = $30.14
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Most Recent Note - 12/12/2016 5:12:21 PM
Y - Color code is changed to yellow after slumping below its "max buy" level with above average volume behind 3 consecutive losses. 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
|
$41.60
|
-0.80
-1.89% |
$43.23
|
601,269
58.72% of 50 DAV
50 DAV is 1,024,000
|
$45.25
-8.07%
|
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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