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AFTER MARKET UPDATE - TUESDAY, DECEMBER 13TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+114.78 |
19,911.21 |
+0.58% |
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Volume |
1,080,058,140 |
-8% |
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Volume |
1,899,981,940 |
+7% |
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NASDAQ |
+51.29 |
5,463.83 |
+0.95% |
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Advancers |
1,762 |
59% |
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Advancers |
1,922 |
60% |
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S&P 500 |
+14.76 |
2,271.72 |
+0.65% |
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Decliners |
1,218 |
41% |
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Decliners |
1,298 |
40% |
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Russell 2000 |
+0.39 |
1,373.53 |
+0.03% |
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52 Wk Highs |
176 |
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52 Wk Highs |
225 |
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S&P 600 |
+0.28 |
848.93 |
+0.03% |
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52 Wk Lows |
55 |
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52 Wk Lows |
44 |
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Leadership Thinned Yet Indices Continued Hitting Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 114 points to 19911. The S&P 500 added 14 points to 2271 and the Nasdaq Composite gained 51 points to 5463. Volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin on the Nasdaq exchange and nearly 3-2 on the NYSE. There were 49 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 73 on the prior session. New 52-week highs contracted but still solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index hit a 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.
The major averages advanced on the session Tuesday as the Federal Reserve began its two-day December policy meeting. The central bank is widely expected to raise interest rates amid improving economic conditions. On the data front, the NFIB survey showed small business optimism increased more-than-expected during November. In a separate release, import prices fell 0.3% last month.
Nine of 11 sectors in the S&P 500 finished in positive territory. Energy shares outperformed with Exxon Mobil (XOM +1.76%) amid news the company’s CEO, Rex Tillerson, was to be named Secretary of State by President-elect Trump. Shares of Facebook (FB +2.16%) helped lead the Technology space higher. In Health Care, DaVita Inc. (DVA -1.83%) was a notable decliner after being the subject of negative analyst commentary. JetBlue (JBLU +4.21%) rose as the air carrier reported November traffic rose 7.1%. In M&A news, Anheuser-Busch InBev (BUD +1.31%) rose after announcing the sale of SABMiller’s central & eastern European assets to Asahi Group for $7.8 billion.
Treasuries finished mostly lower with the benchmark 10-year note down 1/32 to yield 2.47%. In commodities, NYMEX WTI crude slipped 0.1% to $52.78/barrel. COMEX gold lost 0.6% to $1156.70/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.99%) posted a solid gain while the Bank Index ($BKX +0.11%) and the Broker/Dealer Index ($XBD -0.03%) both were little changed on Tuesday. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.14%) outpaced the Networking Index ($NWX +0.53%) and the Biotechnology Index ($BTK +0.38%). Commodity-linked groups also had a positive bias as the Oil Services Index ($OSX +0.68%), Integrated Oil Index ($XOI +2.05%), and the Gold & Silver Index ($XAU +1.15%) each posted gains. Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD -0.03%) is perched near record highs.
| Oil Services |
$OSX |
192.50 |
+1.30 |
+0.68% |
+22.04% |
| Integrated Oil |
$XOI |
1,297.69 |
+26.02 |
+2.05% |
+20.97% |
| Semiconductor |
$SOX |
895.55 |
+10.09 |
+1.14% |
+34.98% |
| Networking |
$NWX |
450.12 |
+2.38 |
+0.53% |
+19.73% |
| Broker/Dealer |
$XBD |
210.62 |
-0.07 |
-0.03% |
+18.27% |
| Retail |
$RLX |
1,397.91 |
+13.70 |
+0.99% |
+8.92% |
| Gold & Silver |
$XAU |
81.19 |
+0.93 |
+1.16% |
+79.23% |
| Bank |
$BKX |
91.88 |
+0.10 |
+0.11% |
+25.73% |
| Biotech |
$BTK |
3,142.23 |
+11.83 |
+0.38% |
-17.61% |
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Consolidating Following Long Term Technical Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Arista Networks Inc (ANET +$1.89 or +2.03% to $95.03) is consolidating above prior highs in the $88 area which define initial support to watch on pullbacks. On the prior session it briefly dipped below its "max buy" level. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point. This high-ranked leader was last shown in this FSU section on 11/21/16 with an annotated graph under the headline, "Heavy Volume Behind Breakout Gain". It was highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here).
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria) through the Sep '16 quarter. Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 438 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 34.4 million shares (S criteria) in the public float may contribute to greater 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
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$24.46
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+0.09
0.37% |
$24.74
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220,547
84.50% of 50 DAV
50 DAV is 261,000
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$25.74
-4.98%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 12/13/2016 5:48:09 PM
G - Perched near all-time highs following a streak of volume-driven gains, very extended from any sound base. Its 50 DMA line ($20.39) defines near-term support above prior highs 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
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$21.65
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-0.90
-3.99% |
$23.00
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122,810
134.96% of 50 DAV
50 DAV is 91,000
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$23.00
-5.87%
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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 |
View all notes |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.75
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-0.52
-1.01% |
$51.39
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1,450,587
93.59% of 50 DAV
50 DAV is 1,550,000
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$51.31
-1.09%
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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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$69.50
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+0.20
0.29% |
$69.85
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372,356
84.43% of 50 DAV
50 DAV is 441,000
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$71.97
-3.43%
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$53.36
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+0.51
0.96% |
$54.23
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136,897
87.75% of 50 DAV
50 DAV is 156,000
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$53.88
-0.96%
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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
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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 |
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 |
DW
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NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
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$108.00
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-1.25
-1.14% |
$110.50
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181,910
73.95% of 50 DAV
50 DAV is 246,000
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$110.18
-1.98%
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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 - 12/13/2016 5:49:28 PM
G - Touched a new high today but reversed into the red. Stubbornly holding its ground just 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
|
$23.40
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-0.46
-1.93% |
$24.19
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93,864
63.42% of 50 DAV
50 DAV is 148,000
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$24.99
-6.36%
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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
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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
|
$73.15
|
-1.05
-1.42% |
$74.90
|
192,926
178.64% of 50 DAV
50 DAV is 108,000
|
$75.53
-3.15%
|
11/29/2016
|
$72.45
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PP = $69.63
|
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MB = $73.11
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Most Recent Note - 12/13/2016 5:51:12 PM
G - Encountered distributional pressure as it pulled back with above average volume today finishing near its "max buy" level. 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
|
$95.03
|
+1.89
2.03% |
$95.62
|
611,814
87.40% of 50 DAV
50 DAV is 700,000
|
$98.79
-3.81%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/13/2016 5:46:31 PM
G - Consolidating after rallying above its "max buy" level. Prior highs in the $88 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$72.18
|
-0.10
-0.14% |
$73.48
|
150,042
128.24% of 50 DAV
50 DAV is 117,000
|
$75.84
-4.83%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
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MB = $55.46
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Most Recent Note - 12/13/2016 5:51:52 PM
G - Recently churning above average volume while perched at all-time highs. Very extended from its prior base. Its 50 DMA line ($61) 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 |
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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$29.85
|
+0.10
0.34% |
$30.25
|
705,495
82.71% of 50 DAV
50 DAV is 853,000
|
$32.75
-8.85%
|
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
|
$40.50
|
-1.10
-2.64% |
$42.70
|
715,409
70.41% of 50 DAV
50 DAV is 1,016,000
|
$45.25
-10.50%
|
12/8/2016
|
$42.80
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PP = $45.35
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MB = $47.62
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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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