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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 6TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-252.15 |
16,906.51 |
-1.47% |
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Volume |
1,025,606,440 |
+22% |
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Volume |
1,959,467,610 |
+12% |
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NASDAQ |
-55.67 |
4,835.76 |
-1.14% |
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Advancers |
783 |
25% |
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Advancers |
817 |
28% |
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S&P 500 |
-26.45 |
1,990.26 |
-1.31% |
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Decliners |
2,301 |
75% |
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Decliners |
2,145 |
72% |
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Russell 2000 |
-16.07 |
1,094.37 |
-1.45% |
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52 Wk Highs |
44 |
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52 Wk Highs |
25 |
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S&P 600 |
-7.56 |
650.21 |
-1.15% |
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52 Wk Lows |
259 |
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52 Wk Lows |
175 |
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Deeper Market Correction Takes Toll on Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The U.S stock market fell on Wednesday’s session. The Dow dropped 252 points to 16906. The S&P 500 lost 26 points to 1990. The NASDAQ Composite was 56 points lower at 4835. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, a sign of distributional selling from the institutional crowd. Decliners led advancers by a 3-1 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 7 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 8 on the prior session. There were gains for 2 of the 6 high-ranked companies currently on the Featured Stocks Page. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.Charts used courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index's losses on higher volume have undercut the prior low. Concerns have been raised as the 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 finished firmly in negative territory amid global growth
concerns after China devalued its currency. Market weakness was also attributed
to heightened geopolitical risks as North Korea announced it successfully tested
a nuclear bomb.
In U.S. economic news, private payrolls unexpectedly rose 257,000 in December
and the trade deficit narrowed to $42.37 billion in November. A survey on the
service sector indicated activity slowed last month. Factory orders declined
0.2% in November, in line with estimates. The Fed’s December meeting minutes
revealed the decision to raise rates was a “close call” due to low
inflation.
Energy and materials were the worst-performing sectors on the session.
Chevron (CVX -3.95%) amid a drop in oil prices. Monsanto (MON -1.58%) following its quarterly earnings results. Apple (AAPL -1.96%) fell on
reports it plans to cut iPhone production. Netflix (NFLX +9.31%) was a notable gainer after saying it began selling its online streaming
service in 130 countries.
Treasuries rose with the 10-year note up 18/32 to yield 2.17%. In
commodities, NYMEX WTI crude plunged 5.5% to $34.00/barrel after data showed
U.S. inventories increased to a record level. COMEX gold added 1.3% to
$1092.80/ounce. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Tech, and Financial Groups Led Widespread Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.72%) and Bank Index ($BKX-1.74%) both had a negative influence on the major averages while the Retail Index ($RLX-0.74%) did not suffer as badly on Wednesday. The Oil Services Index ($OSX -4.87%) and the Integrated Oil Index ($XOI -3.87%) were standout decliners, meanwhile the Gold & Silver Index ($XAU +1.37%) eked out a gain. The tech sector suffered as the Semiconductor Index ($SOX -2.81%), Biotechnology Index ($BTK -2.45%), and Networking Index ($NWX -1.81%) ended unanimously lower.Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX -4.87%) sank below prior lows.
| Oil Services |
$OSX |
149.01 |
-7.63 |
-4.87% |
-5.53% |
| Integrated Oil |
$XOI |
1,025.36 |
-41.22 |
-3.87% |
-4.41% |
| Semiconductor |
$SOX |
631.20 |
-18.27 |
-2.81% |
-4.87% |
| Networking |
$NWX |
362.01 |
-6.66 |
-1.81% |
-3.70% |
| Broker/Dealer |
$XBD |
168.72 |
-4.71 |
-2.72% |
-5.26% |
| Retail |
$RLX |
1,245.38 |
-9.23 |
-0.74% |
-2.97% |
| Gold & Silver |
$XAU |
46.81 |
+0.63 |
+1.36% |
+3.33% |
| Bank |
$BKX |
70.03 |
-1.24 |
-1.74% |
-4.17% |
| Biotech |
$BTK |
3,620.62 |
-90.93 |
-2.45% |
-5.07% |
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Help Available For You in Making Fact-Based Buy/Sell Decisions With Greater Success
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
There are few stocks included on the Featured Stocks list now and none of the companies need additional review. At times like these we have an opportunity to look back. In the past we reviewed Ambarella (AMBA) on 9/03/15 and Skyworks (SWKS) on 9/17/15. Previously featured stocks which were dropped can serve as great educational examples of the investment system's tactics. Some are vivid reminders that all high-ranked leaders eventually fall out of favor. If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you! Professional Money Management Services - A Winning System - Inquire today!
Our skilled portfolio manager knows how to follow the rules of this fact-based investment system. We do not follow opinion or the "conviction list" of some large Wall Street institution which would have us fully invested even during horrific bear markets. Instead, we remain fluid and only buy the best stocks when they are triggering proper technical buy signals. If you are not completely satisfied with the way your portfolio is being managed, Click here and indicate "Find a Broker" to get connected with our portfolio managers. *Accounts over $250,000 please. ** Serious inquires only, please. |
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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 |
HAWK
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NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$42.27
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-0.70
-1.63% |
$43.03
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398,992
95.00% of 50 DAV
50 DAV is 420,000
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$48.40
-12.67%
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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
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NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$106.35
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-1.13
-1.05% |
$107.74
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204,355
58.72% of 50 DAV
50 DAV is 348,000
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$114.26
-6.92%
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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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$183.39
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-1.80
-0.97% |
$184.62
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217,445
84.28% of 50 DAV
50 DAV is 258,000
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$216.27
-15.20%
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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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$72.58
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+0.07
0.10% |
$72.77
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181,887
74.24% of 50 DAV
50 DAV is 245,000
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$80.64
-10.00%
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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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$167.31
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-3.25
-1.91% |
$170.39
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1,528,688
95.72% of 50 DAV
50 DAV is 1,597,000
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$200.55
-16.57%
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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 - 1/6/2016 5:47:28 PM
G - Color code is changed to green after deteriorating below its 50 and 200 DMA lines. 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.
>>> 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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$16.75
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+0.44
2.70% |
$16.92
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20,536
102.68% of 50 DAV
50 DAV is 20,000
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$17.95
-6.69%
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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
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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
or 954-785-1121.
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