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AFTER MARKET UPDATE - TUESDAY, DECEMBER 22ND, 2015
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DOW |
+165.65 |
17,417.27 |
+0.96% |
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Volume |
825,795,470 |
-8% |
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Volume |
1,418,486,700 |
-6% |
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NASDAQ |
+32.19 |
5,001.11 |
+0.65% |
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Advancers |
2,344 |
76% |
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Advancers |
1,888 |
65% |
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S&P 500 |
+17.82 |
2,038.97 |
+0.88% |
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Decliners |
728 |
24% |
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Decliners |
1,023 |
35% |
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Russell 2000 |
+9.94 |
1,137.69 |
+0.88% |
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52 Wk Highs |
29 |
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52 Wk Highs |
29 |
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S&P 600 |
+6.52 |
673.85 |
+0.98% |
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52 Wk Lows |
63 |
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52 Wk Lows |
93 |
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Leadership Thin as Major Averages Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks pushed higher on Tuesday. The Dow jumped 165 points to 17417. The S&P 500 climbed 17 points to 2038. The NASDAQ added 32 points to 5001. Volume was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and by nearly 2-1 the Nasdaq exchange. There were 8 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 12 on the prior session. There were gains for 7 of the 9 high-ranked companies currently on the Featured Stocks Page. New 52-week lows totals again 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 is -5% off its record high. It slumped 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 advanced for a second-consecutive session on light trading
volume. In economic news, third-quarter GDP growth was revised down to 2% from a
previously reported 2.1%. Analysts were expecting a 1.9% advance. In a separate
release, existing home sales slipped 10.5% in November, well below consensus
estimates of a 0.2% decline.
In corporate news, Chipotle (CMG -5.1%) fell again on reports of
yet another E. coli breakout. Abercrombie (ANF +6.6%) and Finish
Line (FL +9.8%)rose after both retailers received sell-side analyst
upgrades. On the earnings front, ConAgra (CAG +0.9%) edged higher after
posting better profitability in the consumer sector in the third quarter.
All ten sectors in the S&P 500 finished higher on Tuesday. Energy shares
rebounded 1.2% to pace the gains along with consumer staples and materials.
Treasuries halted a three-day advance with the benchmark 10-year note
declining 10/32 to yield 2.23%. In commodities, NYMEX WTI crude is advanced 1%
to $36.17/barrel to snap a five-session losing streak. COMEX gold was off 0.7%
to $1074.80/ounce. In FOREX, the dollar retreated modestly for a second
consecutive session. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepagefor archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy-Linked Groups Outpaced Financial and Retail Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX+0.45%) edged higher and the Bank Index ($BKX+0.63%) and Broker/Dealer Index ($XBD +1.33%) also had a positive influence on the major averages. The Oil Services Index ($OSX +2.87%) and the Integrated Oil Index ($XOI +1.15%) both finished higher. The Networking Index ($NWX +0.69%) posted a modest gain while the Semiconductor Index ($SOX +0.15%) edged higher but the Biotechnology Index ($BTK -0.14%) ended slightly lower.Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU +0.05%) finished flat, but it has been sputtering near multi-year lows.
| Oil Services |
$OSX |
157.98 |
+4.41 |
+2.87% |
-25.08% |
| Integrated Oil |
$XOI |
1,068.15 |
+12.11 |
+1.15% |
-20.77% |
| Semiconductor |
$SOX |
667.11 |
+0.98 |
+0.15% |
-2.88% |
| Networking |
$NWX |
374.70 |
+2.57 |
+0.69% |
+4.68% |
| Broker/Dealer |
$XBD |
177.25 |
+2.33 |
+1.33% |
-4.00% |
| Retail |
$RLX |
1,277.29 |
+5.67 |
+0.45% |
+23.68% |
| Gold & Silver |
$XAU |
45.36 |
+0.03 |
+0.07% |
-34.05% |
| Bank |
$BKX |
73.06 |
+0.46 |
+0.63% |
-1.62% |
| Biotech |
$BTK |
3,745.72 |
-5.22 |
-0.14% |
+8.92% |
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Slide Below Prior Lows and 50-Day Average Raised More Serious Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Simmons First Natl Cp (SFNC +$0.12 or +0.23% to $51.76) recently slumped below its 50-day moving average (DMA) line and prior lows raising more serious concerns with higher volume behind its loss. It was last shown in this FSU section on 12/08/15 with an annotated graph under the headline, "Extended From Prior Base and Pulling Back From High". SFNC was first highlighted in yellow at $50.13 with pivot point cited based on its 9/17/15 high plus 10 cents in the 10/22/15 mid-day report (read here). Simmons hails from the Banks - Southeast industry group, a leading group which currently has a 98 Group Relative Strength rating (good L criteria). The banking firm reported earnings +35% on +77% sales revenues for the Sep '15 quarter, and prior quarterly comparisons had earnings strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been improving after a downturn in FY '10 and '11. The number of top-rated funds owning its shares rose from 228 in Dec '14 to 262 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under distributional pressure over the past 50 days. Its small supply of only 28.7 millions shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying and selling. 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 |
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Max Buy |
SFNC
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NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$51.76
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+0.12
0.23% |
$51.78
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114,968
62.14% of 50 DAV
50 DAV is 185,000
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$58.75
-11.90%
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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 - 12/22/2015 5:41:38 PM
G - Slump below its 50 DMA line and recent low with heavy volume raised more serious concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Slide Below Prior Lows and 50-Day Average Raised More Serious Concerns - 12/22/2015 |
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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$69.11
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-0.40
-0.58% |
$69.96
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498,766
94.28% of 50 DAV
50 DAV is 529,000
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$77.75
-11.11%
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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 |
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C
A
S
I |
HAWK
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NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$45.23
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+0.82
1.85% |
$45.38
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342,734
63.59% of 50 DAV
50 DAV is 539,000
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$48.40
-6.55%
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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 |
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C
A
S
I |
STMP
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NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$109.88
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+4.04
3.82% |
$109.91
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525,992
162.34% of 50 DAV
50 DAV is 324,000
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$109.87
0.01%
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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 - 12/22/2015 5:42:52 PM
G - Hit another new high with today's volume-driven gain. Its 50 DMA line ($92) 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 |
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News |
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C
A
S
I |
ULTI
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NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$195.69
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+0.29
0.15% |
$196.93
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218,595
81.26% of 50 DAV
50 DAV is 269,000
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$216.27
-9.52%
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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 |
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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 |
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Max Buy |
LXFT
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NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$78.21
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+0.77
0.99% |
$78.30
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218,192
91.68% of 50 DAV
50 DAV is 238,000
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$80.64
-3.01%
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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 |
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Company Profile |
SEC
News |
Chart |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$181.65
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-0.46
-0.25% |
$182.69
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906,692
54.62% of 50 DAV
50 DAV is 1,660,000
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$200.55
-9.42%
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12/14/2015
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$179.20
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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 |
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Company Profile |
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News |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
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$16.20
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+0.16
1.00% |
$16.41
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23,281
129.34% of 50 DAV
50 DAV is 18,000
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$17.95
-9.75%
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11/4/2015
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$17.00
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PP = $18.05
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MB = $18.95
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Most Recent Note - 12/22/2015 12:50:18 PM
G - Met resistance at its 50 DMA line when rebounding. Recent lows and its 200 DMA line define important near-term support in the $15.50 area where subsequent violations would raise greater concerns. A rebound above the 50 DMA line is needed for its outlook to 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
|
$46.86
|
+0.68
1.47% |
$47.50
|
248,009
57.81% of 50 DAV
50 DAV is 429,000
|
$55.45
-15.49%
|
10/23/2015
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$42.12
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PP = $44.85
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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 |
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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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