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AFTER MARKET UPDATE - THURSDAY, DECEMBER 22ND, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-23.08 |
19,918.88 |
-0.12% |
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Volume |
882,574,670 |
+4% |
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Volume |
1,439,921,360 |
+6% |
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NASDAQ |
-24.01 |
5,447.42 |
-0.44% |
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Advancers |
1,242 |
42% |
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Advancers |
1,020 |
34% |
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S&P 500 |
-4.22 |
2,260.96 |
-0.19% |
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Decliners |
1,692 |
58% |
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Decliners |
1,978 |
66% |
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Russell 2000 |
-12.53 |
1,362.66 |
-0.91% |
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52 Wk Highs |
87 |
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52 Wk Highs |
125 |
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S&P 600 |
-8.17 |
840.82 |
-0.96% |
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52 Wk Lows |
19 |
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52 Wk Lows |
55 |
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Major Indices Fell Slightly With More Volume and Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Thursday. The Dow was down 23 points to 19918. The S&P 500 lost 4 points to 2260 and the Nasdaq Composite fell 24 points to 5447. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 4-3 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 45 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, nearly half the total of 89 on the prior session. New 52-week highs contracted yet solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average remains perched near its record high with volume totals cooling.
While remaining near record high territory the major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages declined on the session Thursday as investors digested mixed economic releases. A Commerce Department release showed the U.S. economy expanded at a robust 3.5% annualized rate in the third-quarter, above the previously reported 3.2% increase. In separate releases, durable goods orders fell 4.6% in November while personal spending rose 0.2% last month. Finally, initial jobless claims came in at 275,000, above the expected 257,000.
Seven of 11 sectors in the S&P 500 ended in negative territory. Consumer Discretionary shares finished lower with Bed Bath & Beyond (BBBY -9.17%) fell amid weak customer traffic in the quarter. In the retail space, Dollar Tree (DLTR -5.65%) fell while Target (TGT -4.40%) also sank. On the earnings front, Micron Technology (MU +12.68%) rose as the chipmaker provided upbeat current-quarter guidance. Shares of Red Hat (RHT -13.89%) fell after quarterly revenue came in below Wall Street expectations. Conagra Brands (CAG +3.39%) rose as the food producer reported better-than-expected quarterly profit.
Treasuries declined with the benchmark 10-year note down 5/32 to yield 2.55%. In commodities, NYMEX WTI crude added 0.4% to $52.69/barrel. COMEX gold slipped 0.2% to $1128.80/ounce. In FOREX, the Dollar Index gained 0.1%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Semiconductor Index and Integrated Oil Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.61%), Broker/Dealer Index ($XBD -1.20%), and the Bank Index ($BKX -0.10%) ended unanimously lower on Thursday. The tech sector was mixed as the Biotechnology Index ($BTK -0.72%) and the Networking Index ($NWX -0.73%) ended lower, yet the Semiconductor Index ($SOX +0.51%) eked out a modest gain. The Gold & Silver Index ($XAU -0.84%) and the Oil Services Index ($OSX -0.83%) both lost ground while the Integrated Oil Index ($XOI +0.43%) inched higher. Charts courtesy www.stockcharts.com
 PICTURED: The Oil Services Index ($OSX -0.83%) has been consolidating near its 52-week high.
| Oil Services |
$OSX |
186.80 |
-1.57 |
-0.83% |
+18.43% |
| Integrated Oil |
$XOI |
1,281.80 |
+5.50 |
+0.43% |
+19.49% |
| Semiconductor |
$SOX |
923.06 |
+4.73 |
+0.52% |
+39.12% |
| Networking |
$NWX |
448.62 |
-3.30 |
-0.73% |
+19.34% |
| Broker/Dealer |
$XBD |
208.68 |
-2.53 |
-1.20% |
+17.18% |
| Retail |
$RLX |
1,364.96 |
-22.29 |
-1.61% |
+6.35% |
| Gold & Silver |
$XAU |
73.03 |
-0.62 |
-0.84% |
+61.21% |
| Bank |
$BKX |
92.86 |
-0.10 |
-0.11% |
+27.07% |
| Biotech |
$BTK |
3,109.75 |
-22.55 |
-0.72% |
-18.46% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Fact-Based Investment System You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed click here and indicate "Find a Broker". Account minimum $250,000. |
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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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$25.44
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+0.03
0.10% |
$25.62
|
134,318
49.38% of 50 DAV
50 DAV is 272,000
|
$25.83
-1.52%
|
10/10/2016
|
$18.20
|
PP = $18.37
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MB = $19.29
|
Most Recent Note - 12/20/2016 7:57:16 PM
G - Perched near all-time highs, very extended from any sound base. Its 50 DMA line ($21.08) defines near-term support above prior highs in the $19 area.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains on Volume - 12/2/2016 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.50
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-0.30
-1.52% |
$20.00
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68,034
71.61% of 50 DAV
50 DAV is 95,000
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$23.00
-15.22%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 12/21/2016 5:14:24 PM
G - Consolidating above its "max buy" level. Prior highs in the $18 area define initial support to watch. Reported very strong Sep '16 quarterly sales revenues and earnings increases. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating After Strong Sep '16 Quarterly Earnings News - 12/21/2016 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.12
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-0.46
-0.91% |
$50.63
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604,131
39.20% of 50 DAV
50 DAV is 1,541,000
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$51.68
-3.02%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 12/22/2016 5:28:42 PM
G - Consolidating near its 52-week highs with volume totals cooling. Prior highs in the $46 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After "Breakaway Gap" With Heavy Volume - 12/1/2016 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$70.30
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-0.25
-0.35% |
$70.75
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234,135
49.40% of 50 DAV
50 DAV is 474,000
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$71.97
-2.31%
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11/14/2016
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$63.30
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PP = $60.73
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MB = $63.77
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Most Recent Note - 12/20/2016 8:10:51 PM
G - Gapped up today and rallied for a best-ever close, getting very extended from its prior base. Prior highs and its 50 DMA line define important support in the $60 area.
>>> FEATURED STOCK ARTICLE : Hit Another New High Today With Volume-Driven Gain - 12/5/2016 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$46.13
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-0.41
-0.88% |
$46.59
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140,361
64.98% of 50 DAV
50 DAV is 216,000
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$54.23
-14.94%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 12/20/2016 8:09:12 PM
G - With near average volume it slumped below its 50 DMA line ($47.11) and below prior highs defining important support, raising greater concerns and triggering technical sell signals. Repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
>>> FEATURED STOCK ARTICLE : Mostly Bullish Action Continues to Bode Well for China Lodging - 12/9/2016 |
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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 |
DW
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NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
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$110.15
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-1.15
-1.03% |
$111.35
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156,479
63.87% of 50 DAV
50 DAV is 245,000
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$113.65
-3.08%
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11/29/2016
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$106.29
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PP = $101.00
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|
MB = $106.05
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Most Recent Note - 12/20/2016 7:59:02 PM
G - Spiked to new highs with today's gain on lighter than average volume lifting it well beyond its "max buy" level. Prior highs in the $101-103 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$24.29
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+1.02
4.38% |
$25.19
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188,956
125.97% of 50 DAV
50 DAV is 150,000
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$24.99
-2.80%
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12/22/2016
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$24.99
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PP = $25.09
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MB = $26.34
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Most Recent Note - 12/22/2016 5:25:48 PM
Y - Met resistance today and finished in the middle of its intra-day range. New pivot point was cited based on its 11/17/16 high plus 10 cents after an orderly base-on-base pattern. A volume-driven gain and strong close above the pivot point may clinch a new (or add-on) technical buy signal. Recent lows in the $22 area and its 50 DMA line ($22.30) coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$23.35
|
+0.30
1.30% |
$23.55
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321,494
102.39% of 50 DAV
50 DAV is 314,000
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$24.10
-3.11%
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12/19/2016
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$22.91
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PP = $21.78
|
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MB = $22.87
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Most Recent Note - 12/22/2016 5:27:51 PM
G - Stubbornly holding its ground after rallying above its "max buy" level. Prior highs in the $21-22 area define initial support to watch on pullbacks. See the latest FSU analysis for additional; details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Technically Clears 11-Week V Shaped Base - 12/19/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$77.10
|
-0.95
-1.22% |
$78.90
|
115,443
102.16% of 50 DAV
50 DAV is 113,000
|
$79.10
-2.53%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/21/2016 5:22:41 PM
G - Rallied for another new high with above average volume behind today's 5th consecutive gain. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume-Backed Breakout Triggered New Technical Buy Signal - 11/29/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$96.86
|
-1.09
-1.11% |
$98.55
|
464,995
63.18% of 50 DAV
50 DAV is 736,000
|
$98.90
-2.06%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/20/2016 8:03:26 PM
G - Holding its ground above its "max buy" level. Prior highs in the $88 area define initial support to watch on pullbacks.See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally More Than 5% Beyond Prior Highs - 12/20/2016 |
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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 |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$37.72
|
-0.24
-0.63% |
$38.65
|
242,140
84.08% of 50 DAV
50 DAV is 288,000
|
$38.19
-1.23%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
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MB = $27.73
|
Most Recent Note - 12/21/2016 5:21:13 PM
G - Hit a new all-time high with today's 3rd consecutive gain backed by near average volume. Very extended from its prior base. Its 50 DMA line ($31.74) defines important support to watch on pullbacks. Do not be confused by 2-1 stock split effective today so the Featured Price, Pivot Point and Max Buy levels have been adjusted accordingly
>>> FEATURED STOCK ARTICLE : Financial Firm Remains Extended Well Above Prior Highs - 12/14/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$29.60
|
-0.60
-1.99% |
$30.55
|
858,964
129.75% of 50 DAV
50 DAV is 662,000
|
$32.75
-9.62%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
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MB = $30.14
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Most Recent Note - 12/22/2016 5:24:24 PM
Y - Lost ground on slightly above average volume today slumping below its "max buy" level. Prior highs in the $28 area define important support to watch coinciding with its 50 DMA line ($29.11).
>>> FEATURED STOCK ARTICLE : Pulling Back After Getting Extended More Than +5% Above Prior Highs - 11/28/2016 |
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C
A
S
I |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$39.90
|
-0.40
-0.99% |
$40.78
|
328,365
32.84% of 50 DAV
50 DAV is 1,000,000
|
$45.25
-11.82%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
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Most Recent Note - 12/21/2016 5:15:38 PM
Y - Quietly consolidating above its 50 DMA line ($39.34) which is now downward sloping. Little resistance remains due to overhead supply. Volume-driven gains for new highs may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging its High With Big Volume-Driven Gain - 12/8/2016 |
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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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