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AFTER MARKET UPDATE - MONDAY, DECEMBER 14TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+103.29 |
17,368.50 |
+0.60% |
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Volume |
1,046,982,140 |
+5% |
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Volume |
1,972,896,870 |
+3% |
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NASDAQ |
+18.76 |
4,952.23 |
+0.38% |
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Advancers |
813 |
26% |
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Advancers |
1,064 |
36% |
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S&P 500 |
+9.57 |
2,021.94 |
+0.48% |
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Decliners |
2,327 |
74% |
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Decliners |
1,902 |
64% |
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Russell 2000 |
-7.75 |
1,115.86 |
-0.69% |
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52 Wk Highs |
5 |
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52 Wk Highs |
19 |
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S&P 600 |
-3.87 |
662.21 |
-0.58% |
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52 Wk Lows |
625 |
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52 Wk Lows |
301 |
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Internals Poor While Indices Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices staged a comeback on Monday, but the market's internals were poor. The Dow was up 103 points to 17368. The S&P 500 rose 10 points to 2021. The NASDAQ Composite was 19 points higher at 4952. The Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index remain below their respective 200 DMA lines after damaging losses last week. Volume was higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth remained negative as decliners led advancers by nearly a 3-1 margin on the NYSE and 2-1 on the Nasdaq exchange. Leadership remained thin as there were only 6 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 4 on the prior session. There were gains for 4 of the 10 high-ranked companies currently on the Featured Stocks Page. 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 Dow Jones Industrial Average halted its slide near prior lows after undercutting its 50-day and 200-day moving average (DMA) lines last week. Losses leading to the violations were backed by higher volume triggering sell signals and raising concerns. Members were cautioned last week - "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 rallied into the close to finish a choppy trading session
firmly higher ahead of the Fed’s two-day policy meeting. Investors are expecting
the central bank to announce its first rate increase in almost a decade at the
conclusion of the gathering on Wednesday. Market action was also attributed to
volatility in commodity prices and high-yield debt.
Telecom, consumer staples and energy were up the most on the session. Verizon (VZ +1.41%). Kimberly-Clark (KMB +2.89%). Shares of
Chevron (CVX +3.34%) advanced as oil rebounded off its lowest level since
February 2009. M&A provided a tailwind with Jarden (JAH +2.68%)
after Newell Rubbermaid (NWL -6.91%) agreed to buy the company for $13.2 billion. Materials
were the worst performing led by chemical makers and miners. Dow Chemical (DOW -
3.90%) fell after reports hedge fund Third Point called for the removal of
the company’s CEO following the announced merger with DuPont (DD -3.58%). Freeport McMoRan (FCX
-6.38%) as metal prices declined.
Treasuries fell sharply with the 10-year note dropping 27/32 to yield 2.22%.
In commodities, NYMEX WTI crude reversed early losses to close up 1.7% to
$36.24/barrel. COMEX gold was down 1.1% to $1064.70/ounce.. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU -5.99%) was a standout decliner while the Integrated Oil Index ($XOI +0.10%) inched higher and the Oil Services Index ($OSX +0.89%) posted a modest gain. The Retail Index ($RLX+1.32%) had a positive influence on the major averages while the Bank Index ($BKX+0.06%) finished flat and the Broker/Dealer Index ($XBD -0.26%) had a negative bias. The Networking Index ($NWX -1.65%) slumped the worst in the tech sector while the Semiconductor Index ($SOX -0.65%) and the Biotechnology Index ($BTK -0.54%) both ended the session with small losses. Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX+1.32%) had a positive influence on the major averages on Monday as it found support at its 50-day moving average (DMA) line. That important short-term average was recently a level where it found support after pulling back from all-time highs.
| Oil Services |
$OSX |
161.11 |
+1.42 |
+0.89% |
-23.60% |
| Integrated Oil |
$XOI |
1,066.39 |
+1.07 |
+0.10% |
-20.90% |
| Semiconductor |
$SOX |
656.49 |
-4.29 |
-0.65% |
-4.42% |
| Networking |
$NWX |
370.62 |
-3.25 |
-0.87% |
+3.54% |
| Broker/Dealer |
$XBD |
174.47 |
-0.45 |
-0.26% |
-5.51% |
| Retail |
$RLX |
1,282.63 |
+16.77 |
+1.32% |
+24.20% |
| Gold & Silver |
$XAU |
44.57 |
-2.84 |
-5.99% |
-35.20% |
| Bank |
$BKX |
72.05 |
+0.04 |
+0.06% |
-2.98% |
| Biotech |
$BTK |
3,550.47 |
-19.38 |
-0.54% |
+3.24% |
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Perched Within Striking Distance of Highs Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW -$1.34 or -0.72% to $183.69) was highlighted in yellow with new pivot point cited based on its 7/24/15 high plus 10 cents in the earlier mid-day report (read here). It is consolidating within striking distance of its 52-week high. Subsequent volume-driven gains for new highs may trigger a new technical buy signal. Disciplined investors will note that 3 out of 4 stocks typically move in the same direction as the major averages, and recent deterioration in the major indices has raised concerns regarding the M criteria. For now, PANW might be added back to investors' watch lists until strength returns to the broader market, and then a new technical breakout might justify action. The Computer Software - Security firm reported strong sales revenues +133% and earnings +55% for the Oct '15 quarter, and fundamentals remain strong. The past 6 consecutive comparisons came with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. Sequentially, it has shown mostly encouraging acceleration with earnings increases of +57%, +88%, +90%, +109%, +155% and +133% in the Jul, Oct '14, Jan, Apr, Jul, and Oct '15 quarters, respectively, versus the year ago periods. It has an Earnings Per Share (EPS) Rating of 99, the highest possible rating. It has a strong annual earnings (A criteria) history. It found support near its 200-day moving average (DMA) line after dropped from the Featured Stocks list on 8/20/15 due to technical deterioration. It was last shown in this FSU section with annotated graphs on 8/14/15 under the headline, "Following Damaging Losses Gains Came With Light Volume". It had violated its 50-day moving average (DMA) line with a damaging volume-driven loss on 8/06/15 and triggered a technical sell signal. Subsequent damaging losses below the 8/12/15 low ($171.00) raised more serious concerns.
PANW traded up as much as +164% since first highlighted at $75.95 in yellow back on May 29, 2014 when shown breaking out of a "double bottom" base pattern. The number of top-rated funds owning its shares rose from 246 in Jun '13 to 934 in Sep '15, a very reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply (S criteria) of 85.9 million shares outstanding is another favorable characteristic. |
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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 |
SFNC
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NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$51.58
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-0.04
-0.08% |
$52.37
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182,028
122.99% of 50 DAV
50 DAV is 148,000
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$58.75
-12.20%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$70.98
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+0.64
0.91% |
$71.60
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518,346
100.65% of 50 DAV
50 DAV is 515,000
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$77.75
-8.71%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$46.81
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-0.04
-0.07% |
$47.20
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386,500
68.17% of 50 DAV
50 DAV is 567,000
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$48.40
-3.30%
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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 |
Request a new note
C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$54.83
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+0.33
0.61% |
$55.30
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54,967
68.71% of 50 DAV
50 DAV is 80,000
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$66.29
-17.29%
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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 |
SEC
News |
Chart |
Request a new note
C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$101.57
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-2.47
-2.37% |
$105.12
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358,740
119.58% of 50 DAV
50 DAV is 300,000
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$106.43
-4.57%
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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 - 12/11/2015 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 |
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 |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$191.19
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+1.26
0.66% |
$192.42
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236,485
88.24% of 50 DAV
50 DAV is 268,000
|
$216.27
-11.60%
|
10/28/2015
|
$204.38
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PP = $195.28
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MB = $205.04
|
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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$76.55
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+1.73
2.31% |
$76.68
|
183,378
77.37% of 50 DAV
50 DAV is 237,000
|
$80.64
-5.07%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$183.69
|
-1.34
-0.72% |
$184.14
|
2,129,987
130.35% of 50 DAV
50 DAV is 1,634,000
|
$200.55
-8.41%
|
12/14/2015
|
$179.20
|
PP = $200.65
|
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MB = $210.68
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Most Recent Note - 12/14/2015 5:53:06 PM
Y - Highlighted in yellow with new pivot point cited based on its 7/24/15 high plus 10 cents in the earlier mid-day report. Subsequent volume-driven gains for new highs may trigger a new technical buy signal. Reported strong sales revenues +133% and earnings +55% for the Oct '15 quarter, and fundamentals remain strong (C and A criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Again - 12/14/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$15.84
|
-0.62
-3.77% |
$16.80
|
56,838
355.24% of 50 DAV
50 DAV is 16,000
|
$17.95
-11.75%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
|
Most Recent Note - 12/14/2015 1:10:22 PM
G - Slumped below its 50 DMA line raising concerns. Color code is changed to green as it endures greater distributional pressure. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$42.27
|
-2.85
-6.32% |
$45.90
|
345,408
79.22% of 50 DAV
50 DAV is 436,000
|
$55.45
-23.77%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 12/14/2015 5:55:50 PM
G - Color code was changed to green after it violated support at its 50 DMA line raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : After Successful Test of 10-Week Average a Valid Secondary Buy Point Exists - 11/27/2015 |
View all notes |
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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 |
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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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