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AFTER MARKET UPDATE - TUESDAY, JANUARY 5TH, 2016
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DOW |
+9.72 |
17,158.66 |
+0.06% |
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Volume |
838,025,290 |
-22% |
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Volume |
1,755,497,080 |
-12% |
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NASDAQ |
-11.66 |
4,891.43 |
-0.24% |
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Advancers |
1,811 |
59% |
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Advancers |
1,508 |
52% |
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S&P 500 |
+4.05 |
2,016.71 |
+0.20% |
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Decliners |
1,275 |
41% |
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Decliners |
1,378 |
48% |
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Russell 2000 |
+1.83 |
1,110.45 |
+0.16% |
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52 Wk Highs |
103 |
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52 Wk Highs |
23 |
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S&P 600 |
+1.99 |
657.77 |
+0.30% |
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52 Wk Lows |
90 |
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52 Wk Lows |
81 |
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Major Averages Ended Mixed With Thin Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks fluctuated on Tuesday. The Dow was up 10 points to 17158. The S&P 500 added 4 points to 2016. The NASDAQ fell 11 points at 4891. Volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE, but advancers led decliners by a much narrower margin on the Nasdaq exchange. Leadership improved as there were 8 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 1 on the prior session. There were gains for 4 of the 6 high-ranked companies currently on the Featured Stocks Page. New 52-week highs outnumbered new lows on the NYSE, but new lows still outnumbered new 52-week highs on the Nasdaq exchange.Charts used courtesy of www.stockcharts.com 
PICTURED: The Nasdaq Composite Index's recent losses have undercut the prior low. Concerns have been raised as the tech-heavy index and the other major indices have unanimously slumped back below their respective 50-day and 200-day moving average (DMA) lines. New leadership (stocks hitting new highs) has been elusive recently. The major averages (M criteria) failed to maintain a brief rally and the previously noted "correction" has continued to bring more damage to stocks. It will be critical for new leadership to emerge for any meaningful rally to resume in 2016. The major averages toggled between gains and losses after the worst start to a trading year since 2001. In Fed news, San Francisco President Williams and Cleveland President Mester each downplayed the effect of Chinese uncertainty on the U.S. growth story. On the data front, the ISM New York reading for December manufacturing and service sector grew to 62.0 from 60.7 the prior month. A reading above 50 continues to suggest expansion in the New York City region. In corporate news, Apple (AAPL -2.51%) on reports that the company is cutting iPhone 6 output by 30% in the coming quarter. Eli Lilly (LLY+1.59%) rose despite forecasting 2016 earnings below Wall Street consensus. Fairchild Semiconductor (FCS +3.52%) rose after determining that a takeover offer from China Resources was superior to a competing offer from ON Semiconductor (ON -0.21%) which closed down slightly. Seven out of ten sectors in the S&P 500 finished higher on Tuesday. Telecom and utilities stocks paced the gains while tech and consumer discretionary shares faltered. Treasuries finished little changed with the benchmark ten-year note ebbing 1/32 to yield 2.25%. In commodities, NYMEX WTI crude slipped 2.5% to $35.84/barrel. COMEX gold gained 0.3% to $1078.00/ounce. In FOREX, the dollar surged against the euro after disappointing inflation data in the Eurozone. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Networking, Semiconductor, Broker/Dealer and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.56%) had a slightly negative influence on the major averages while the Retail Index ($RLX-0.11%) and the Bank Index ($BKX-0.06%) fought to hold their ground. The Oil Services Index ($OSX -1.88%) and the Gold & Silver Index ($XAU -0.49%) both were lower while the Integrated Oil Index ($XOI +0.21%) eked out a small gain. The Biotechnology Index ($BTK +0.02%) held its ground, but the Networking Index ($NWX -0.79%) and the Semiconductor Index ($SOX -1.04%) both ended lower.Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +0.02%) is trading near its 50-day moving average (DMA) line, still below its 200 DMA line.
| Oil Services |
$OSX |
156.64 |
-3.01 |
-1.89% |
-0.69% |
| Integrated Oil |
$XOI |
1,066.59 |
+2.27 |
+0.21% |
-0.57% |
| Semiconductor |
$SOX |
649.47 |
-6.81 |
-1.04% |
-2.11% |
| Networking |
$NWX |
368.68 |
-2.94 |
-0.79% |
-1.93% |
| Broker/Dealer |
$XBD |
173.43 |
-0.98 |
-0.56% |
-2.62% |
| Retail |
$RLX |
1,254.61 |
-1.39 |
-0.11% |
-2.25% |
| Gold & Silver |
$XAU |
46.18 |
-0.22 |
-0.47% |
+1.94% |
| Bank |
$BKX |
71.27 |
-0.04 |
-0.06% |
-2.48% |
| Biotech |
$BTK |
3,711.54 |
+0.79 |
+0.02% |
-2.69% |
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Met Resistance Due to Overhead Supply When Rebounding
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Veritex Holdings Inc (VBTX +$0.28 or +1.75% to $16.31) met resistance today and ended below its 50-day moving average (DMA) line again after considerable early gains helped it rally from support near its 200 DMA line and prior lows in the $15.50 area. Its color code was changed to yellow as its outlook improved, however, members were reminded - "A volume-driven breakout above its pivot point is still needed to trigger a proper technical buy signal." VBTX was last shown in this FSU section on 12/24/15 with an annotated graph under the headline, "50-Day Moving Average Acted as Resistance After 200 DMA Test". Disciplined investors will note that it never produced the necessary gains above its pivot point backed by at least +40% above average volume needed to trigger a technical buy signal. It was highlighted in yellow with pivot point cited based on its 7/08/15 high plus 10 cents in the 11/04/15 mid-day report (read here). The number of top-rated funds owning its shares rose from 18 in Jun '15 to 22 in Sep '15. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days (I criteria). Its small supply of only 10.7 million shares (S criteria) in the public float can contribute top greater volatility in the event of institutional buying or selling. Reported earnings +64% on +31% sales revenue for the Sep '15 quarter and the past 8 quarterly comparisons earnings increases versus the year ago periods well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has been good, but its has a limited history since its Oct 2014 IPO at $13. 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 |
|
Max Buy |
HAWK
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NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$42.97
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+0.37
0.87% |
$43.67
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616,242
147.43% of 50 DAV
50 DAV is 418,000
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$48.40
-11.22%
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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 - 1/5/2016 12:38:20 PM
G - Slumping near its 200 DMA line and prior lows. Damaging losses on volume triggered technical sell signals. 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. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Still Sputtering Near 50-Day Moving Average Line - 12/30/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$107.48
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+0.16
0.15% |
$109.92
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263,600
76.18% of 50 DAV
50 DAV is 346,000
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$114.26
-5.93%
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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 - 1/4/2016 6:51:13 PM
G - Gapped down for a loss on higher volume today while pulling back from its 52-week high. Its 50 DMA line ($97.25) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Consolidation Was Brief Following Prior Breakaway Gap - 12/28/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$185.19
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-3.15
-1.67% |
$190.23
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305,327
118.34% of 50 DAV
50 DAV is 258,000
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$216.27
-14.37%
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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 - 1/4/2016 6:54:16 PM
G - Gapped down today and sank further below its 50 DMA line, trading near recent lows ($188). More damaging losses would raise greater concerns, meanwhile a rebound above FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gap Down Today Testing Near-Term Support at Prior Lows - 1/4/2016 |
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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$72.51
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+1.15
1.61% |
$73.10
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270,734
110.96% of 50 DAV
50 DAV is 244,000
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$80.64
-10.08%
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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 - 1/5/2016 12:48:56 PM
G - Holding its ground today but failing to repair much damage following a big loss. Gapped down on the prior session then violated its 50 DMA line with a volume-driven loss triggering a technical sell signal. Only a prompt rebound above the 50 DMA line ($74.63) would help its outlook improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 12/31/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$170.56
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-0.96
-0.56% |
$173.73
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1,065,294
66.29% of 50 DAV
50 DAV is 1,607,000
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$200.55
-14.95%
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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 - 12/29/2015 10:53:28 PM
Y - Halted its slide at its 50 DMA line today after a streak of losses. Since featured in the 12/14/15 mid-day report it has not produced the volume-driven gains for new highs needed to trigger a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/29/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
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$16.31
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+0.28
1.75% |
$17.00
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21,544
107.72% of 50 DAV
50 DAV is 20,000
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$17.95
-9.14%
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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 - 1/5/2016 5:44:14 PM
Y - Ended the session below its 50 DMA line after erasing some of its considerable early gain. Found support near its 200 DMA line and prior lows in the $15.50 area. Color code was changed to yellow, however members were reminded - "A volume-driven breakout above its pivot point is still needed to trigger a proper technical buy signal." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Met Resistance Due to Overhead Supply When Rebounding - 1/5/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
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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