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AFTER MARKET UPDATE - TUESDAY, DECEMBER 27TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+11.23 |
19,945.04 |
+0.06% |
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Volume |
590,398,960 |
-4% |
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Volume |
1,117,904,210 |
+7% |
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NASDAQ |
+24.75 |
5,487.44 |
+0.45% |
|
Advancers |
1,820 |
62% |
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Advancers |
1,826 |
62% |
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S&P 500 |
+5.09 |
2,268.88 |
+0.22% |
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Decliners |
1,135 |
38% |
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Decliners |
1,130 |
38% |
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Russell 2000 |
+6.20 |
1,377.71 |
+0.45% |
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52 Wk Highs |
76 |
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52 Wk Highs |
80 |
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S&P 600 |
+4.77 |
849.79 |
+0.56% |
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52 Wk Lows |
16 |
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52 Wk Lows |
34 |
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Major Indices Remain Perched at Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 11 points to 19945. The S&P 500 added 5 points to 2268.The Nasdaq Composite gained 24 points to close at a record 5487. Volume totals were below average and they were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 70 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 26 on the prior session. New 52-week highs still outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 600 Small Cap Index Index is perched near its record high. A lot of small bank stocks are included in the small cap index. When we study the index's weakness which occurred in the beginning of 2016, as the market had its worst January performance in history, and also study its strong post-election rally into the end of the year, we can see that both of those periods are clearly included in the chart pattern of the Bank Index (shown in the "Industry Group Watch" section). Any changes in mood in 2017 are likely to appear in both charts.
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 advanced on the session as Technology stocks climbed and the Dow Jones Industrial Average made another attempt to reach the psychologically important 20,000 point level. The blue-chip index ended the day within 60 points of the milestone mark. On the data front, the Case-Shiller Index showed U.S. home prices increased 5.1% year-over-year in October. In a separate release, consumer confidence rose to 113.7 in December, above analysts’ expectations.
Nine of 11 sectors in the S&P 500 ended in positive territory. Technology and Industrials helped paced the market higher on the session including chipmaker Nvidia (NVDA +6.87%). HD Supply (HDS +1.91%) rose after being the subject of positive article in Barron’s over the weekend. In Health Care, Biogen (BIIB +1.25%) rose and Ionis Pharmaceuticals (IONS +3.20%) rose after the FDA approved their new treatment for spinal muscular atrophy. Seattle Genetics (SGEN -15.36%) fell as regulators halted its trial study to treat leukemia following the death of four patients.
Treasuries finished lower on the session. The 10-year note was down 6/32 to yield 2.56% and 30-year bond declined 15/32 to yield 3.14%. In commodities, NYMEX WTI crude added 1.6% to $53.87/barrel. COMEX gold gained 0.5% to $1137.10/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.67%), Broker/Dealer Index ($XBD +0.13%), and Bank Index ($BKX +0.26%) each edged higher on Tuesday's session. The Biotechnology Index ($BTK -0.59%) sputtered while the Networking Index ($NWX +0.37%) rose and the Semiconductor Index ($SOX +1.22%) led the tech sector higher. Commodity-linked groups were standout gainers as the Gold & Silver Index ($XAU +2.38%), the Oil Services Index ($OSX +1.03%) and the Integrated Oil Index ($XOI +0.38%) posted gains. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX +0.26%) has been consolidating near its record high.
| Oil Services |
$OSX |
187.80 |
+1.91 |
+1.03% |
+19.06% |
| Integrated Oil |
$XOI |
1,285.13 |
+4.85 |
+0.38% |
+19.80% |
| Semiconductor |
$SOX |
939.21 |
+11.29 |
+1.22% |
+41.56% |
| Networking |
$NWX |
451.53 |
+1.68 |
+0.37% |
+20.11% |
| Broker/Dealer |
$XBD |
210.07 |
+0.26 |
+0.13% |
+17.96% |
| Retail |
$RLX |
1,369.34 |
+9.16 |
+0.67% |
+6.69% |
| Gold & Silver |
$XAU |
76.00 |
+1.77 |
+2.38% |
+67.77% |
| Bank |
$BKX |
93.38 |
+0.24 |
+0.26% |
+27.78% |
| Biotech |
$BTK |
3,162.00 |
-18.92 |
-0.59% |
-17.09% |
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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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$25.54
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+0.15
0.59% |
$25.83
|
110,230
40.98% of 50 DAV
50 DAV is 269,000
|
$25.83
-1.14%
|
10/10/2016
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$18.20
|
PP = $18.37
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MB = $19.29
|
Most Recent Note - 12/23/2016 2:30:20 PM
G - Stubbornly holding its ground near all-time highs, very extended from any sound base. Its 50 DMA line ($21.53) 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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$19.95
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+0.15
0.76% |
$20.10
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47,046
50.05% of 50 DAV
50 DAV is 94,000
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$23.00
-13.26%
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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 - 12/23/2016 2:40:56 PM
G - Still consolidating well above prior highs and its 50 DMA line which coincide in the $18 area defining important support to watch. Reported very strong Sep '16 quarterly sales revenues and earnings increases.
>>> 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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$50.25
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-0.04
-0.08% |
$50.56
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660,461
44.42% of 50 DAV
50 DAV is 1,487,000
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$51.68
-2.77%
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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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$70.05
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-0.15
-0.21% |
$71.00
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135,112
28.44% of 50 DAV
50 DAV is 475,000
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$71.97
-2.66%
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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 - 12/23/2016 2:34:27 PM
G - Stubbornly holding its ground near all-time highs, very extended from its prior base. Its 50 DMA line ($62.52) and prior highs define important support.
>>> 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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$48.21
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+0.59
1.24% |
$48.34
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81,746
45.67% of 50 DAV
50 DAV is 179,000
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$54.23
-11.10%
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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 - 12/23/2016 2:38:47 PM
G - The longer it lingers below its 50 DMA line ($47.20) the worse its outlook becomes. Halted its slide after a slump below the 50 DMA line and below prior highs raised concerns and triggered 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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$112.20
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+0.40
0.36% |
$112.80
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157,300
64.73% of 50 DAV
50 DAV is 243,000
|
$113.65
-1.28%
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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
|
Most Recent Note - 12/23/2016 2:32:24 PM
G - Stubbornly holding its ground near all-time highs, extended from any sound base. Prior highs in the $101-103 area define support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
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Set NEW NOTE alert |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$24.28
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-0.02
-0.08% |
$24.61
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50,839
33.67% of 50 DAV
50 DAV is 151,000
|
$25.19
-3.61%
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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 : Built an Orderly Base-On-Base Pattern - 12/23/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$22.85
|
-0.15
-0.65% |
$23.40
|
232,181
73.48% of 50 DAV
50 DAV is 316,000
|
$24.10
-5.19%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 12/23/2016 2:42:48 PM
G - Still stubbornly holding its ground just above its "max buy" level. Prior highs in the $21-22 area define initial support to watch on pullbacks.
>>> 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
|
$77.95
|
+0.40
0.52% |
$79.15
|
151,283
132.70% of 50 DAV
50 DAV is 114,000
|
$79.10
-1.45%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/27/2016 5:42:15 PM
G - Touched another new high with above average volume behind today's small gain, getting more extended from any sound base. Prior highs in the $69 area and its 50 DMA line 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
|
$97.82
|
+0.89
0.92% |
$98.74
|
448,140
61.64% of 50 DAV
50 DAV is 727,000
|
$98.90
-1.09%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/23/2016 2:29:11 PM
G - Stubbornly holding its ground above its "max buy" level. Its 50 DMA line ($89.83) and prior highs in the $88 area define support to watch on pullbacks.
>>> 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
|
$37.83
|
+0.52
1.39% |
$38.19
|
118,460
40.99% of 50 DAV
50 DAV is 289,000
|
$38.65
-2.12%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 12/27/2016 5:43:38 PM
G - Holding its ground near all-time highs, extended from its prior base. Its 50 DMA line ($32.42) defines important support to watch on pullbacks. Do not be confused by 2-1 stock split effective 12/21/16 so the Featured Price, Pivot Point and Max Buy levels were 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
|
$30.20
|
+0.30
1.00% |
$30.25
|
481,000
71.79% of 50 DAV
50 DAV is 670,000
|
$32.75
-7.79%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
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MB = $30.14
|
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
|
$41.15
|
+0.65
1.60% |
$41.40
|
454,593
46.67% of 50 DAV
50 DAV is 974,000
|
$45.25
-9.06%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
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Most Recent Note - 12/27/2016 5:40:53 PM
Y - Still quietly consolidating above its 50 DMA line ($39.33) with a little resistance remaining due to overhead supply. Subsequent volume-driven gains for new highs are needed to trigger a proper 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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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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