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AFTER MARKET UPDATE - MONDAY, DECEMBER 21ST, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+123.07 |
17,251.62 |
+0.72% |
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Volume |
898,802,210 |
-64% |
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Volume |
1,511,383,580 |
-50% |
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NASDAQ |
+45.84 |
4,968.92 |
+0.93% |
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Advancers |
2,010 |
66% |
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Advancers |
1,834 |
62% |
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S&P 500 |
+15.60 |
2,021.15 |
+0.78% |
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Decliners |
1,039 |
34% |
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Decliners |
1,108 |
38% |
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Russell 2000 |
+6.72 |
1,127.74 |
+0.60% |
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52 Wk Highs |
26 |
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52 Wk Highs |
37 |
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S&P 600 |
+4.65 |
667.33 |
+0.70% |
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52 Wk Lows |
174 |
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52 Wk Lows |
114 |
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Major Indices Bounced With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 122 points to 17251. The S&P 500 climbed 15 points to 2021. The NASDAQ added 45 points to 4968. Volume was lighter on Monday than on Friday as the prior session totals on the NYSE and on the Nasdaq exchange which were boosted by options expirations. Breadth was solidly negative as decliners led advancers by nearly a 2-1 margin on the NYSE and more than 3-2 on the Nasdaq exchange. There were 12 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 10 on the prior session. There were gains for 5 of the 10 high-ranked companies currently on the Featured Stocks Page. New 52-week lows totals 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 is below its 50-day and 200-day moving average (DMA) lines which define near-term resistance along with prior highs. The major indices have slumped below 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 rebounded from the steepest two-day decline since
September. On the data front, activity in the Chicago Fed region unexpectedly
decreased 0.3% in November. Analysts were looking for a 0.1% increase.
In corporate news, Tenet Healthcare Corp. (THC +11.6%) rallied the most
since June, after encouraging government data on signups for Obamacare coverage
for next year. Shares of Disney (DIS -1.05%) fell despite the record breaking
release of the studio’s first "Star Wars" movie over the weekend. Apple (AAPL +
1.23%) rose on news the company has settled its patent dispute with
Ericsson (ERIC +4.16%) which was higher.
All ten sectors in the S&P 500 finished higher on Monday. Tech and
Telecom stocks paced the gains along with consumer staples while the energy and
utilities sectors underperformed.
Treasuries were modestly higher with the benchmark 10-year note gaining 4/32
to yield 2.19%. In commodities, NYMEX WTI crude rebounded from an 11-year low in
afternoon trading to finish unchanged at $34.74/barrel. COMEX gold was up 1.5%
to $1081.90/ounce. In FOREX, the dollar slipped against the yen and the euro. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepagefor archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Financial, and Retail Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX+0.28%) edged higher and the Bank Index ($BKX+0.89%) and Broker/Dealer Index ($XBD +0.55%) also had a slightly positive influence on the major averages. The Gold & Silver Index ($XAU +1.79%) rose, but the Oil Services Index ($OSX +0.30%) posted a smaller gain and the Integrated Oil Index ($XOI -0.04%) finished flat. The Semiconductor Index ($SOX +1.90%) and Biotechnology Index ($BTK +1.54%) both outpaced the Networking Index ($NWX +0.51%) with gains.Charts courtesy www.stockcharts.com
 ![]() ![]() PICTURED: The Networking Index ($NWX +0.51%) has been sputtering below its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
153.57 |
+0.45 |
+0.29% |
-27.17% |
| Integrated Oil |
$XOI |
1,056.04 |
-0.47 |
-0.04% |
-21.67% |
| Semiconductor |
$SOX |
666.13 |
+12.41 |
+1.90% |
-3.02% |
| Networking |
$NWX |
372.13 |
+1.90 |
+0.51% |
+3.96% |
| Broker/Dealer |
$XBD |
174.92 |
+0.96 |
+0.55% |
-5.27% |
| Retail |
$RLX |
1,271.62 |
+3.53 |
+0.28% |
+23.13% |
| Gold & Silver |
$XAU |
45.33 |
+0.79 |
+1.77% |
-34.09% |
| Bank |
$BKX |
72.60 |
+0.64 |
+0.89% |
-2.24% |
| Biotech |
$BTK |
3,750.94 |
+56.79 |
+1.54% |
+9.07% |
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Slumped Back Below 50-Day Moving Average Line Raising Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ultimate Software Group (ULTI -$1.02 or -0.52% to $195.40) has been slumping back below its 50-day moving average (DMA) line raising concerns again and its color code was changed to green. Subsequent deterioration below recent lows ($188) would raise greater concerns. ULTI was last shown in this FSU section on 12/04/15 with an annotated graph under the headline, "Volume Light But Slump Below 50-Day Average Raised Concerns". It was noted - "Violations triggered a technical sell signal, however the lighter than average volume total suggested that there was not a great deal of selling pressure coming from the institutional crowd. More damaging losses may raise greater concerns. Meanwhile, only a prompt rebound above the 50 DMA line would help its outlook improve." Volume totals suggested that few investors were headed to the exit following its breakout with powerful volume in late October. It was highlighted in yellow with pivot point cited based on its 8/17/15 high plus 10 cents in the 10/28/15 mid-day report (read here). The strong close above the pivot point clinched a technical buy signal. ULTI reported earnings +38% on +22% sales revenues for the Sep '15 quarter. In 7 of the past 8 quarterly comparisons it showed earnings increases above the +25% minimum guideline (C criteria). Earnings rose +47%, +35%, +25%, +26%, +11%, +35%, and +38% in the Mar, Jun, Sep, Dec '14, Mar, Jun and Sep '15 quarters, respectively. Sales revenues rose +24%, +25%, +24%, +21%, +20%, +21%, and +22% during the same span. Annual earnings (A criteria) history has been strong and steady. The number of top-rated funds owning its shares rose from 497 in Dec '14 to 536 in Sep '15, a reassuring sign (I criteria). Its small supply (S criteria) of only 28.7 million shares outstanding can contribute to greater volatility in the event of institutional buying or selling. Its current Up/Down Volume Ratio of 0.8 its an unbiased indication its shares have been under distributional pressure 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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$51.64
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+1.18
2.34% |
$52.04
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148,884
80.92% of 50 DAV
50 DAV is 184,000
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$58.75
-12.10%
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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 |
Request a new note
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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$69.51
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-0.70
-1.00% |
$71.55
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568,724
108.33% of 50 DAV
50 DAV is 525,000
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$77.75
-10.60%
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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 |
Request a new note
C
A
S
I |
HAWK
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NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$44.41
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-1.11
-2.44% |
$45.81
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654,632
120.12% of 50 DAV
50 DAV is 545,000
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$48.40
-8.24%
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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 - 12/21/2015 12:32:58 PM
G - Violating its 50 DMA line with a big loss today raising concerns and triggering a technical sell signal and its color code is changed to green. Disciplined investors will note that a proper buy signal was not triggered since first featured in yellow in the 11/25/15 mid-day report.
>>> 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 |
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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$53.36
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+0.06
0.11% |
$53.36
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65,032
83.37% of 50 DAV
50 DAV is 78,000
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$66.29
-19.51%
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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 - 12/21/2015 3:53:51 PM
Faces resistance now due to overhead supply up through the $66 level. Quietly slumping near its 200 DMA line which may act as support. It will be dropped from the Featured Stocks list tonight. 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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$105.84
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+1.00
0.95% |
$106.84
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264,122
81.27% of 50 DAV
50 DAV is 325,000
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$109.87
-3.67%
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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 - 12/21/2015 3:48:16 PM
G - Encountered distributional pressure after clearing a brief consolidation. Its 50 DMA line ($91.35) and recent lows define 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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$195.40
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-1.02
-0.52% |
$199.11
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129,051
47.10% of 50 DAV
50 DAV is 274,000
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$216.27
-9.65%
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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 - 12/21/2015 5:23:16 PM
G - Slumped back below its 50 DMA line raising concerns again and its color code was changed to green. Subsequent deterioration below recent lows ($188) would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Slumped Back Below 50-Day Moving Average Line Raising Concerns - 12/21/2015 |
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
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$77.44
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+2.17
2.88% |
$77.49
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174,483
73.31% of 50 DAV
50 DAV is 238,000
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$80.64
-3.97%
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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 - 12/17/2015 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 : Consolidating Well Above 50-Day Moving Average Line - 12/18/2015 |
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
|
$182.11
|
-0.78
-0.43% |
$184.41
|
1,548,860
93.87% of 50 DAV
50 DAV is 1,650,000
|
$200.55
-9.19%
|
12/14/2015
|
$179.20
|
PP = $200.65
|
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MB = $210.68
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Most Recent Note - 12/21/2015 3:44:14 PM
Y - Encountered distributional pressure since highlighted in yellow with new pivot point cited based on its 7/24/15 high plus 10 cents in the 12/14/15 mid-day report. Subsequent volume-driven gains for new highs may trigger a new technical buy signal.
>>> 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
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$16.04
|
-0.87
-5.14% |
$16.80
|
26,014
144.52% of 50 DAV
50 DAV is 18,000
|
$17.95
-10.64%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
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MB = $18.95
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Most Recent Note - 12/21/2015 5:25:43 PM
G - Promptly slumped back below its 50 DMA line today and its color code is changed to green. Previously noted with caution - "More convincing volume-driven gains for new highs are needed to signal that any serious institutional buying demand is lurking."
>>> 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
|
$46.18
|
+1.51
3.38% |
$46.49
|
158,648
36.89% of 50 DAV
50 DAV is 430,000
|
$55.45
-16.72%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
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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 |
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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