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AFTER MARKET UPDATE - TUESDAY, JANUARY 3RD, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+119.16 |
19,881.76 |
+0.60% |
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Volume |
1,198,366,070 |
+14% |
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Volume |
1,707,128,460 |
+22% |
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NASDAQ |
+45.96 |
5,429.08 |
+0.85% |
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Advancers |
2,303 |
76% |
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Advancers |
2,060 |
66% |
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S&P 500 |
+19.00 |
2,257.83 |
+0.85% |
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Decliners |
709 |
24% |
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Decliners |
1,059 |
34% |
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Russell 2000 |
+8.36 |
1,365.49 |
+0.62% |
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52 Wk Highs |
141 |
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52 Wk Highs |
127 |
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S&P 600 |
+5.40 |
843.36 |
+0.64% |
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52 Wk Lows |
10 |
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52 Wk Lows |
22 |
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Indices Posted Solid Gains on First 2017 Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 119 points to 19881. The S&P 500 added 19 points to 2257 and the Nasdaq Composite gained 45 points to 5429. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 3-1 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. Leadership improved as there were 52 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 16 on the prior session. New 52-week highs totals expanded and easily outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The 3-year Nasdaq Composite Index chart shows the index perched near its record high. It was up +7.5% for 2016. It dropped sharply at the start of 2016, but recovered and extended its gains further into record high territory following the election.
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 first trading day of 2017 as investors digested optimistic economic releases. On the data front, a report from the Institute for Supply Management showed that American manufacturing expanded in December at the fastest pace in two years. Separately, Markit’s survey of U.S. manufacturing grew to 54.3 last month. In M&A news, Depomed (DEPO +12.87%) rallied amid reports that KKR & Co (KKR +2.86%), is still interested in buying the company.
Ten of 11 sectors in the S&P 500 finished in positive territory. Telecom stocks paced the gains with CenturyLink (CTL +6.60%) rose. Consumer Discretionary stocks outperformed, including Ford (F +3.79%). and Fiat Chrysler (FCAU +4.71%) rose as the automaker announced collaboration with Alphabet (GOOG +1.86%) on connected-car systems. In Technology, Xerox (XRX +19.83%) rose after completing the separation of Conduent Inc. (CNDT -7.92%), creating two publicly-traded companies. DSW Inc. (DSW -6.75%) was a notable decliner after being the subject of negative analyst commentary.
Treasuries fluctuated on the session with the benchmark 10-year note down 1/32 to yield 2.44%. In commodities, NYMEX WTI crude fell 2.4% to $52.41/barrel. COMEX gold added 0.5% to $1157.80/ounce. In FOREX, the Dollar Index gained 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Financial, Retail and Tech Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.54%), Broker/Dealer Index ($XBD +1.15%), and Bank Index ($BKX +0.97%) each ended higher on Tuesday's session. The Biotechnology Index ($BTK +1.34%) led the tech sector and the Networking Index ($NWX +0.60%) edged higher while the Semiconductor Index ($SOX +0.10%) posted a smaller gain. Commodity-linked groups were solidly higher as the Gold & Silver Index ($XAU +3.99%) outpaced the Oil Services Index ($OSX +1.97%) and the Integrated Oil Index ($XOI +1.41%). Charts courtesy www.stockcharts.com
 PICTURED: The 3-year chart of the Networking Index ($NWX +0.60%) illustrates how it overcame a weak start last year and ultimately tallied an +18.66% gain for 2016.
| Oil Services |
$OSX |
187.40 |
+3.61 |
+1.96% |
+1.96% |
| Integrated Oil |
$XOI |
1,285.84 |
+17.85 |
+1.41% |
+1.41% |
| Semiconductor |
$SOX |
907.34 |
+0.87 |
+0.10% |
+0.10% |
| Networking |
$NWX |
448.79 |
+2.70 |
+0.60% |
+0.60% |
| Broker/Dealer |
$XBD |
207.63 |
+2.36 |
+1.15% |
+1.15% |
| Retail |
$RLX |
1,350.21 |
+7.23 |
+0.54% |
+0.54% |
| Gold & Silver |
$XAU |
82.01 |
+3.15 |
+3.99% |
+3.99% |
| Bank |
$BKX |
92.68 |
+0.89 |
+0.97% |
+0.97% |
| Biotech |
$BTK |
3,116.15 |
+41.13 |
+1.34% |
+1.34% |
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Orderly Consolidation Continues Well Above Support
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Berry Plastics Group Inc (BERY +$0.64 or +1.31% to $49.37) found support today and posted a gain with better volume than seen while it has been consolidating above its "max buy" level with volume totals generally cooling since its breakout. Prior highs in the $46 area and its 50-day moving average (DMA) line ($47.37) define important support to watch on pullbacks.
It was last shown in this FSU section on 12/01/16 with an annotated graph under the headline, "Pulling Back After 'Breakaway Gap' With Heavy Volume". The high-ranked Containers/Packaging firm was highlighted in yellow with pivot point cited based on its 10/25/16 high plus 10 cents in the 11/30/16 mid-day report (read here). There was a "breakaway gap" on 11/29/16 powering to new 52-week highs with considerable volume-driven gains. A breakaway gap is one noted exception to the rule that investors should not chase a stock more than +5% above prior highs, however, risk increases the further above the pivot point one buys any stock.
Its annual earnings (A criteria) history has been strong. Big sales revenues and earnings increases above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Sep '16 help make it a match with the fact-based investment system's fundamental guidelines.
The number of top-rated funds owning its shares rose from 473 in Dec '15 to 568 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It currently has a Timeliness Rating of A and a Sponsorship rating of C.
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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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$25.02
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-0.15
-0.60% |
$25.50
|
203,555
77.10% of 50 DAV
50 DAV is 264,000
|
$25.83
-3.15%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 12/30/2016 5:49:18 PM
G - Stubbornly holding its ground near all-time highs, very extended from any sound base. Its 50 DMA line $22 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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$19.75
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+0.60
3.13% |
$20.10
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74,956
79.74% of 50 DAV
50 DAV is 94,000
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$23.00
-14.13%
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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 - 12/30/2016 5:41:08 PM
G - Consolidating above prior highs and its 50 DMA line which coincide in the $18 area defining important support to watch.
>>> 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
|
$49.37
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+0.64
1.31% |
$49.41
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1,412,684
96.76% of 50 DAV
50 DAV is 1,460,000
|
$51.68
-4.47%
|
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 - 1/3/2017 5:27:54 PM
G - Posted a gain today with volume picking up to near average, still consolidating above its "max buy" level with volume totals generally cooling since its breakout. Prior highs in the $46 area and its 50 DMA line ($47.37) define support to watch on pullbacks. See the latest FSU analysis for additional details and a new annontated graph.
>>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues Well Above Support - 1/3/2017 |
View all notes |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$69.65
|
+0.95
1.38% |
$70.25
|
316,653
66.66% of 50 DAV
50 DAV is 475,000
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$71.97
-3.22%
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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 - 12/30/2016 5:50:03 PM
G - Still stubbornly holding its ground near all-time highs, very extended from its prior base. Its 50 DMA line ($63.89) 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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$50.26
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-1.58
-3.05% |
$52.09
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209,997
112.90% of 50 DAV
50 DAV is 186,000
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$54.23
-7.32%
|
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 - 12/30/2016 5:43:10 PM
G - Posted a solid volume-driven gain today. Its 50 DMA line ($47.57) and prior low ($45.61 on 12/20/16) define important support levels to watch on pullbacks. 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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$107.75
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-0.85
-0.78% |
$108.70
|
114,194
49.01% of 50 DAV
50 DAV is 233,000
|
$113.65
-5.19%
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11/29/2016
|
$106.29
|
PP = $101.00
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MB = $106.05
|
Most Recent Note - 12/30/2016 5:39:59 PM
G - Pulled back from all-time highs, but it remains extended from its prior base. Prior highs in the $101-103 area define support to watch above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Well Above Prior Highs and 50-Day Moving Average - 12/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$25.23
|
-0.11
-0.43% |
$25.61
|
150,299
98.23% of 50 DAV
50 DAV is 153,000
|
$25.87
-2.47%
|
12/22/2016
|
$24.99
|
PP = $25.09
|
|
MB = $26.34
|
Most Recent Note - 1/3/2017 5:33:45 PM
Y - Hovering near its high after wedging higher with recent gains lacking great volume conviction. 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 ($22.95) 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
|
$22.35
|
+0.00
0.00% |
$22.40
|
321,597
101.45% of 50 DAV
50 DAV is 317,000
|
$24.10
-7.26%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 12/29/2016 6:19:42 PM
Y - Pulled back for a 4th consecutive loss on average or light volume. Color code is changed to yellow after undercutting 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
|
$77.45
|
+1.15
1.51% |
$77.85
|
166,400
142.22% of 50 DAV
50 DAV is 117,000
|
$79.15
-2.15%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/3/2017 5:35:25 PM
G - Stubbornly holding its ground, extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($67.61) define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Stubbornly Held Ground and Rose Since Featured Again - 12/28/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$97.06
|
+0.29
0.30% |
$98.29
|
548,181
75.72% of 50 DAV
50 DAV is 724,000
|
$98.90
-1.86%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
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MB = $103.95
|
Most Recent Note - 12/30/2016 5:48:33 PM
Y - Volume totals have cooled while has formed an advanced "3-weeks tight" base pattern perched at all-time highs and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line and prior lows in the $91 area define important 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
|
$37.61
|
+0.17
0.45% |
$38.12
|
277,968
97.19% of 50 DAV
50 DAV is 286,000
|
$38.65
-2.69%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 1/3/2017 5:25:27 PM
G - Still holding its ground near all-time highs, extended from its prior base. Its 50 DMA line ($33.32) 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
|
$28.45
|
+0.00
0.00% |
$29.03
|
519,494
79.19% of 50 DAV
50 DAV is 656,000
|
$32.75
-13.13%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 12/29/2016 6:16:00 PM
G - Quietly slumping below its 50 DMA line ($29.33) following distributional losses raising concerns. Only a prompt rebound would help its outlook improve. Prior highs in the $28 area define important support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Distributional Action Plus Slump Below 50-Day Moving Average - 12/29/2016 |
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C
A
S
I |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$37.30
|
-1.35
-3.49% |
$39.70
|
1,190,327
119.99% of 50 DAV
50 DAV is 992,000
|
$45.25
-17.57%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
|
Most Recent Note - 1/3/2017 5:31:44 PM
G - Slumped well below its 50 DMA line ($39.18) raising concerns and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. Bullish action has not been seen since members were repeatedly reminded - "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 |
|
|
|
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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