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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 16TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+224.18 |
17,749.09 |
+1.28% |
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Volume |
970,110,040 |
+3% |
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Volume |
1,826,675,690 |
-1% |
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NASDAQ |
+75.77 |
5,071.13 |
+1.52% |
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Advancers |
2,585 |
82% |
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Advancers |
2,176 |
74% |
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S&P 500 |
+29.66 |
2,073.07 |
+1.45% |
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Decliners |
563 |
18% |
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Decliners |
761 |
26% |
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Russell 2000 |
+17.42 |
1,148.97 |
+1.54% |
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52 Wk Highs |
40 |
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52 Wk Highs |
51 |
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S&P 600 |
+9.54 |
680.95 |
+1.42% |
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52 Wk Lows |
123 |
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52 Wk Lows |
109 |
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Breadth Positive and Leadership Improved as Major Averages Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks pushed higher on Wednesday. The Dow was up 224 points to 17749. The S&P 500 advanced 29 points to 2073. The NASDAQ added 75 points to 5071. Volume was mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 4-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. Leadership improved as there were 28 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 19 on the prior session. There were gains for 7 of the 10 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 S&P 500 Index rebounded back above its 50-day and 200-day moving average (DMA) lines with a 3rd consecutive gain. The 3 major indices have rebounded above their respective 200 DMA lines and leadership has improved. 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 after the Federal Reserve announced the first
interest rate increase since 2006. The Fed’s release cited considerable
improvement in the labor market for the increase, and predicted that inflation
would pick up in the medium term. The committee suggested that the pace of
subsequent hikes would be gradual, with the average estimate predicting three to
four more increases before the end of 2016. Treasury volatility was muted in the
aftermath of the release, with the 10-year note declining a modest 7/32 to yield
2.29%. The rate sensitive two-year note fell 2/32 to yield 1.00%.
In economic news, building permits jumped 11% in November while housing
starts spiked 10.5%, both soundly exceeding analyst projections. In a separate
release, U.S. industrial output fell for the third-straight month in November to
the lowest level since 2012.
Nine of ten sectors in the S&P 500 finished higher on Wednesday as the
index turned positive for the year. Bank of America (BAC +1.89%) and General Electric (GE +2.18%) rose. Utilities and telecom stocks paced the gains
while the energy sector underperformed.
In commodities, NYMEX WTI crude retreated 4.5% to $35.68/barrel after a
report showed U.S crude inventories climbed to the highest seasonal level since
1930. Gold added 0.9% to $1072.70/ounce while the dollar finished little changed
against its major peers. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Financial, Retail and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday the Gold & Silver Index ($XAU +4.50%) was a standout gainer. The Retail Index ($RLX+1.70%) and financials had a positive influence on the major averages as the Bank Index ($BKX+1.72%) and the Broker/Dealer Index ($XBD +1.39%) rose. The Biotechnology Index ($BTK+2.79%) again led the tech sector while the Networking Index ($NWX+0.90%) and the Semiconductor Index ($SOX +0.79%) both posted smaller gains. Energy-linked groups lagged as the Integrated Oil Index ($XOI -0.02%) finished flat and the Oil Services Index ($OSX -1.01%) slid.Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.39%) rebounded above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
164.47 |
-1.67 |
-1.01% |
-22.00% |
| Integrated Oil |
$XOI |
1,091.37 |
-0.24 |
-0.02% |
-19.05% |
| Semiconductor |
$SOX |
671.70 |
+5.23 |
+0.78% |
-2.21% |
| Networking |
$NWX |
378.60 |
+3.37 |
+0.90% |
+5.77% |
| Broker/Dealer |
$XBD |
181.32 |
+2.49 |
+1.39% |
-1.80% |
| Retail |
$RLX |
1,304.60 |
+21.79 |
+1.70% |
+26.33% |
| Gold & Silver |
$XAU |
46.70 |
+2.02 |
+4.52% |
-32.10% |
| Bank |
$BKX |
75.57 |
+1.28 |
+1.72% |
+1.76% |
| Biotech |
$BTK |
3,773.24 |
+102.06 |
+2.78% |
+9.72% |
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Prior Resistance and 50-Day Moving Average Line Acting as Support
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Natural Health Trends (NHTC +$2.34 or +5.28% to $46.66) posted a gain with less volume as it rebounded above its 50-day moving average (DMA) line. Prior resistance may now act as support. After triggering a technical sell signal, the prompt rebound above the 50 DMA line helped its outlook improve. However, there is overhead supply up through the $55 level which may hinder its ability to rally for substantial gains for the near term. NHTC was last shown in this FSU section on 11/27/15 with an annotated graph under the headline, "After Successful Test of 10-Week Average a Valid Secondary Buy Point Exists". Volume-driven gains in late October triggered a technical buy signal shortly after it was highlighted in yellow with new pivot point cited based on its 6/25/15 high plus 10 cents in the 10/23/15 mid-day report (read here). Members were then reminded - "Convincing signs of fresh institutional buying demand might mark the beginning of a substantial new leg up in price." The high-ranked Cosmetics / Personal Care firm reported Sep '15 quarterly earnings +181% on +154% sales revenues versus the year ago period, continuing its track record of strong sales and earnings increases well above the +25% minimum guideline (C criteria). Earnings rose +767%, +513%, +250%, +221%, +108%, and +100% in the Mar, Jun, Sep, Dec '14, Mar and Jun '15 quarters, versus the year earlier periods, respectively. Sales revenues rose +168%, +223%, +124%, 85%, +76%, and +104% during than span. There are 127 top-rated funds reportedly owning an interest through Sep '15, up from only 2 in Dec '14, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of C. The current Up/Down Volume Ratio of 1.1 also is an unbiased indication its shares have been under slight accumulation over the past 50 days. |
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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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$53.62
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+0.99
1.88% |
$53.83
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151,636
101.77% of 50 DAV
50 DAV is 149,000
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$58.75
-8.73%
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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
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NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$73.05
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+1.34
1.87% |
$73.39
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378,672
73.39% of 50 DAV
50 DAV is 516,000
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$77.75
-6.04%
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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 |
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C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$47.33
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+0.44
0.94% |
$47.39
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312,073
55.33% of 50 DAV
50 DAV is 564,000
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$48.40
-2.21%
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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 - 12/15/2015 4:50:54 PM
Y - Still 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs But Not Showing Fresh Signs of Accumulation - 12/15/2015 |
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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$54.11
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-0.55
-1.01% |
$54.78
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40,321
51.04% of 50 DAV
50 DAV is 79,000
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$66.29
-18.37%
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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 - 12/16/2015 5:41:25 PM
G - Color code is changed to green after quiet losses undercut the recent low and triggered a technical sell signal while slumping. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> 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 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$107.86
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-0.23
-0.21% |
$109.72
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498,057
160.66% of 50 DAV
50 DAV is 310,000
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$109.87
-1.83%
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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 - 12/16/2015 12:38:50 PM
G - Pulling back today following a considerable volume-driven gain for a new 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 : 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
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NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$200.10
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+4.93
2.53% |
$200.39
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342,871
126.99% of 50 DAV
50 DAV is 270,000
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$216.27
-7.48%
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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 - 12/16/2015 5:44:12 PM
Y - Rebounded above the 50 DMA line with today's volume-driven gain helping its outlook improve and its color code is changed to yellow. Subsequent deterioration below recent lows ($188) would raise greater concerns.
>>> 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 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$77.37
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-1.32
-1.68% |
$79.44
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202,564
85.11% of 50 DAV
50 DAV is 238,000
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$80.64
-4.06%
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10/22/2015
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$66.65
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PP = $68.95
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MB = $72.40
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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 |
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News |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$187.28
|
+1.53
0.82% |
$187.80
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1,117,909
68.08% of 50 DAV
50 DAV is 1,642,000
|
$200.55
-6.62%
|
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
|
$16.03
|
+0.10
0.63% |
$16.23
|
22,553
125.29% of 50 DAV
50 DAV is 18,000
|
$17.95
-10.70%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
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MB = $18.95
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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 |
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C
A
S
I |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$46.66
|
+2.34
5.28% |
$46.75
|
177,493
40.62% of 50 DAV
50 DAV is 437,000
|
$55.45
-15.85%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 12/16/2015 5:38:15 PM
G - Gain today with light volume helped it rebound above the 50 DMA line, but it faces resistance due to overhead supply up through $55. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Prior Resistance and 50-Day Moving Average Line Acting as Support - 12/16/2015 |
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 |
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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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