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AFTER MARKET UPDATE - THURSDAY, DECEMBER 17TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-253.25 |
17,495.84 |
-1.43% |
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Volume |
932,053,790 |
-4% |
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Volume |
1,729,310,580 |
-5% |
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NASDAQ |
-68.58 |
5,002.55 |
-1.35% |
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Advancers |
1,047 |
34% |
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Advancers |
978 |
33% |
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S&P 500 |
-31.18 |
2,041.89 |
-1.50% |
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Decliners |
2,006 |
66% |
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Decliners |
1,942 |
66% |
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Russell 2000 |
-13.61 |
1,135.36 |
-1.18% |
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52 Wk Highs |
37 |
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52 Wk Highs |
49 |
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S&P 600 |
-8.22 |
672.73 |
-1.21% |
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52 Wk Lows |
168 |
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52 Wk Lows |
123 |
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Leadership Waned and Major Averages Stumbled Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks retreated on Thursday. The Dow was off 252 points to 17496. The S&P 500 fell 31 points to 2041. The NASDAQ lost 68 points to 5002. Volume was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 25 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 28 on the prior session. There were losses for 9 of the 10 high-ranked companies currently on the Featured Stocks Page, a disproportionately negative bias versus that of the broader market. 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 Dow Jones Industrial Average slumped back below its 50-day and 200-day moving average (DMA) lines. The major indices have been consolidating near their respective 200 DMA lines while new leadership has been limited. 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 were lower following the Fed’s decision to raise interest
rates Wednesday afternoon. On the data front, initial jobless claims fell to
271,000 from 282,000 in the prior week. In a separate release, a gauge of
leading indicators for November grew by 0.4%, well above the 0.1% expected
increase. Lastly, a reading from the Philadelphia Fed showed business activity
unexpectedly contracted in the district this month.
In earnings, shares of FedEx (FDX +2.1%) advanced after posting quarterly
results above consensus estimates. In the tech space, Oracle (ORCL -5.1%) and Accenture (ACN -5.3%) were lower after each company reported
disappointing profits.
Nine out of the ten sectors in the S&P 500 finished lower on Thursday.
Energy and materials shares once again lead the descent while the utilities
sector was the lone gainer.
Treasuries rebounded from a sharp two-day sell-off. The benchmark 10-year
note added 17/32 to yield 2.23%. In commodities, NYMEX WTI crude fell 1.8% to
$34.87/barrel. COMEX gold lost 2.5% to $1050.80/ounce in sympathy with a U.S.
dollar that surged 1.4% against its peers. The largest portion of the
greenback’s advance came against commodity producing nations. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Led Broad Based Declines
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX-1.43%) slumped and the Bank Index ($BKX-1.97%) and Broker/Dealer Index ($XBD -1.67%) also had a negative influence on the major averages. The Gold & Silver Index ($XAU -7.46%) was a standout decliner, and the Integrated Oil Index ($XOI -2.10%) and Oil Services Index ($OSX -4.16%) both also tumbled. Rounding out the widely negative session the Semiconductor Index ($SOX -1.49%), Biotechnology Index ($BTK -1.36%), and the Networking Index ($NWX -0.85%) ended unanimously lower.Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX-1.97%) slumped back below its 200-day moving average (DMA) line and ended near its 50 DMA line, encountering resistance when approaching prior highs.
| Oil Services |
$OSX |
157.63 |
-6.84 |
-4.16% |
-25.25% |
| Integrated Oil |
$XOI |
1,068.41 |
-22.96 |
-2.10% |
-20.75% |
| Semiconductor |
$SOX |
661.71 |
-9.99 |
-1.49% |
-3.66% |
| Networking |
$NWX |
375.39 |
-3.22 |
-0.85% |
+4.87% |
| Broker/Dealer |
$XBD |
178.28 |
-3.04 |
-1.67% |
-3.44% |
| Retail |
$RLX |
1,285.96 |
-18.64 |
-1.43% |
+24.52% |
| Gold & Silver |
$XAU |
43.21 |
-3.49 |
-7.47% |
-37.18% |
| Bank |
$BKX |
74.09 |
-1.49 |
-1.97% |
-0.23% |
| Biotech |
$BTK |
3,721.98 |
-51.25 |
-1.36% |
+8.23% |
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Still Faltering Below 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Sanfilippo John B & Son (JBSS -$0.41 or -0.76% to $53.70) has not rebounded after quiet losses undercut the recent low and triggered a technical sell signal. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. A rebound above the 50-day moving average (DMA) line ($55.80) is needed for its outlook to improve. It was last shown in this FSU section with an annotated graph on 11/30/15 under the headline, "Consolidating Above Prior Highs and 50-Day Moving Average". It made little headway after highlighted in yellow with pivot point cited based on its 7/14/15 high plus 10 cents in the 10/27/15 mid-day report (read here). The considerable gain backed by +162% above average volume and strong finish above the pivot point clinched a technical buy signal. The Food - Misc Preparation firm processes and markets various nuts. JBSS reported earnings +34% on +10% sales revenues for the Sep '15 quarter, its 3rd consecutive earnings comparison (C criteria) above the +25% minimum guideline. Earnings rose +73% in the Mar '15 quarter and +27% in the Jun '15 quarter versus the year ago periods. Its annual earnings (A criteria) history has been strong after a downturn in FY '11. It has a Timeliness Rating of B and a Sponsorship Rating of C. Its small supply of only 8.3 million shares (S criteria) in the float may contribute to greater price volatility. The number of top-rated funds owning its shares rose from 200 in Dec '14 to 246 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. 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 |
SFNC
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NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$52.76
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-0.86
-1.60% |
$54.25
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171,355
114.24% of 50 DAV
50 DAV is 150,000
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$58.75
-10.20%
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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 - 12/17/2015 5:26:38 PM
G - Slumped below its 50 DMA line again raising concerns with higher volume behind today's loss. Damaging losses below the recent low ($50.77 on 12/14/15) would raise more serious concerns.
>>> 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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$71.72
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-1.33
-1.82% |
$73.96
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398,907
77.46% of 50 DAV
50 DAV is 515,000
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$77.75
-7.75%
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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 - 12/17/2015 5:23:27 PM
G - Slumped and quietly closed below its 50 DMA line again today. Recent low ($69.85 on 12/11/15) defines near-term support where any damaging losses would raise more serious concerns.
>>> 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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$46.95
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-0.38
-0.80% |
$48.19
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352,347
63.37% of 50 DAV
50 DAV is 556,000
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$48.40
-3.00%
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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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$53.70
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-0.41
-0.76% |
$54.49
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36,791
46.57% of 50 DAV
50 DAV is 79,000
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$66.29
-18.99%
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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 : Still Faltering Below 50-Day Moving Average Line - 12/17/2015 |
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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$106.32
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-1.54
-1.43% |
$109.53
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341,339
108.02% of 50 DAV
50 DAV is 316,000
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$109.87
-3.23%
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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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$198.28
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-1.82
-0.91% |
$202.34
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269,354
98.66% of 50 DAV
50 DAV is 273,000
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$216.27
-8.32%
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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 |
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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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$76.82
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-0.55
-0.71% |
$78.79
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101,016
42.44% of 50 DAV
50 DAV is 238,000
|
$80.64
-4.74%
|
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 - 12/17/2015 5:29:29 PM
G - Volume totals have been cooling while consolidating near all-time highs. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($72.13) 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 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$186.57
|
-0.71
-0.38% |
$189.85
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1,073,278
65.28% of 50 DAV
50 DAV is 1,644,000
|
$200.55
-6.97%
|
12/14/2015
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$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
|
$16.24
|
+0.21
1.31% |
$16.24
|
13,871
77.06% of 50 DAV
50 DAV is 18,000
|
$17.95
-9.53%
|
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 |
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Company Profile |
SEC
News |
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C
A
S
I |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$44.78
|
-1.88
-4.03% |
$47.50
|
206,103
47.27% of 50 DAV
50 DAV is 436,000
|
$55.45
-19.24%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 12/17/2015 5:28:23 PM
G - Consolidating near its 50 DMA line, facing resistance due to overhead supply up through the $55 level. See the latest FSU analysis for more details and an 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 |
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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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