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AFTER MARKET UPDATE - MONDAY, JANUARY 9TH, 2017
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DOW |
-76.42 |
19,887.38 |
-0.38% |
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Volume |
1,030,801,800 |
+12% |
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Volume |
1,718,114,020 |
+7% |
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NASDAQ |
+10.76 |
5,531.82 |
+0.19% |
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Advancers |
1,070 |
36% |
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Advancers |
1,269 |
43% |
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S&P 500 |
-8.08 |
2,268.90 |
-0.35% |
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Decliners |
1,891 |
64% |
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Decliners |
1,700 |
57% |
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Russell 2000 |
-9.79 |
1,357.49 |
-0.72% |
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52 Wk Highs |
68 |
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52 Wk Highs |
76 |
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S&P 600 |
-7.79 |
832.38 |
-0.93% |
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52 Wk Lows |
10 |
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52 Wk Lows |
18 |
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Leadership Wanes as Indices Retreat From Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Monday. The Dow was down 75 points to 19888. The S&P 500 lost 8 points to 2268 and the Nasdaq Composite gained 10 points to 5531. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by nearly 2-1 on the NYSE and 3-2 on the Nasdaq exchange. There were only 6 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 20 on the prior session. New 52-week highs totals contracted yet still easily outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 500 Index is perched near its record high.
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 fluctuated throughout the session as oil prices declined and investors looked ahead to the beginning of earnings season. According to Bloomberg data, consensus estimates are for a 3.8% year-over-year increase in S&P 500 profits this quarter. In M&A news, UnitedHealth Group (UNH -0.28%) fell as the company’s OptumCare unit agreed to acquire Surgical Care Affiliates (SCAI +16.21%) for $2.3 billion. Ariad Pharmaceuticals (ARIA +72.82%) rose after agreeing to a $5.2 billion takeover bid from Takeda ()
Eight of 11 sectors in the S&P 500 ended in negative territory. Energy shares finished lower with Transocean (RIG - 3.04%) among the decliners. In earnings, Acuity Brands (AYI 14.68%) fell as the company reported weaker-than-expected quarterly revenue. Shares of Global Payments (GPN +7.17%) rose after the firm raised its current-year earnings guidance. Elsewhere on the M&A front, shares of VCA, Inc. (WOOF +28.29%) as the veterinary services provider agreed to be acquired by Mars, Inc. for $9.1 billion.
Treasuries advanced on the session with the benchmark 10-year note up 12/32 to yield 2.37%. In commodities, NYMEX WTI crude retreated 4% to $51.85/barrel. COMEX gold added 0.9% to $1183.50/ounce. In FOREX, the Dollar Index fell 0.3%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Networking, and Energy-Linked Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -1.04%) and Bank Index ($BKX -0.69%) both created a drag while the Retail Index ($RLX +0.13%) eked out a small gain on Monday's session. The Biotechnology Index ($BTK +0.68%) and the Semiconductor Index ($SOX +1.09%) both posted gains but the Networking Index ($NWX -0.42%) sputtered. The Gold & Silver Index ($XAU +0.10%) held its ground while the Integrated Oil Index ($XOI -1.40%) and the Oil Services Index ($OSX -1.66%) both fell. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX -0.69%) chart illustrates how it has stubbornly held its ground at record high territory in recent weeks.
| Oil Services |
$OSX |
189.47 |
-3.19 |
-1.66% |
+3.09% |
| Integrated Oil |
$XOI |
1,261.81 |
-17.90 |
-1.40% |
-0.49% |
| Semiconductor |
$SOX |
918.58 |
+9.93 |
+1.09% |
+1.34% |
| Networking |
$NWX |
446.59 |
-1.86 |
-0.42% |
+0.11% |
| Broker/Dealer |
$XBD |
212.00 |
-2.23 |
-1.04% |
+3.27% |
| Retail |
$RLX |
1,371.61 |
+1.74 |
+0.13% |
+2.13% |
| Gold & Silver |
$XAU |
85.40 |
+0.09 |
+0.11% |
+8.29% |
| Bank |
$BKX |
92.13 |
-0.64 |
-0.69% |
+0.37% |
| Biotech |
$BTK |
3,307.46 |
+22.30 |
+0.68% |
+7.56% |
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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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$24.81
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-0.32
-1.27% |
$25.05
|
156,976
59.24% of 50 DAV
50 DAV is 265,000
|
$25.83
-3.96%
|
10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
|
Most Recent Note - 1/9/2017 5:30:03 PM
G - Volume totals have been cooling while still stubbornly holding its ground near all-time highs, very extended from any sound base. Its 50 DMA line ($22.74) defines near-term support above prior highs in the $19 area.
>>> FEATURED STOCK ARTICLE : Bank Stock Perched Near Record Highs After Considerable Rally - 1/4/2017 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$18.45
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-0.55
-2.89% |
$19.25
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80,812
87.84% of 50 DAV
50 DAV is 92,000
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$23.00
-19.78%
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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 - 1/6/2017 5:45:51 PM
Y - Color code is changed to yellow after quietly consolidating just below its "max buy" level. Prior highs and its 50 DMA line coincide in the $18 area defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Consolidating After Strong Sep '16 Quarterly Earnings News - 12/21/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.36
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+0.23
0.46% |
$50.69
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753,666
53.64% of 50 DAV
50 DAV is 1,405,000
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$51.68
-2.55%
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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 - 1/9/2017 5:27:21 PM
G - Still extended from any sound base, consolidating with volume totals generally cooling since its 11/29/16 breakout. Insider buying reported in recent weeks is a reassuring sign. Prior highs in the $46 area and its 50 DMA line ($47.78) define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues Well Above Support - 1/3/2017 |
View all notes |
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News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$71.90
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-0.10
-0.14% |
$72.25
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614,986
129.47% of 50 DAV
50 DAV is 475,000
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$72.65
-1.04%
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1/5/2017
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$71.40
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PP = $72.07
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MB = $75.67
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Most Recent Note - 1/5/2017 6:14:52 PM
Y - Color code is changed to yellow with new pivot point cited based on its 12/08/16 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($64.96) defines important support above prior highs. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$48.03
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-0.46
-0.95% |
$48.39
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71,109
37.62% of 50 DAV
50 DAV is 189,000
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$54.23
-11.43%
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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 - 1/6/2017 4:31:57 PM
G - Pulled back today with lighter volume. Its 50 DMA line ($47.89) and prior low ($45.61 on 12/20/16) define important near-term 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." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Slump Below "Max Buy" Level But Fundamental Concerns Were Raised - 1/6/2017 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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
-
NYSE
LCI Industries
MATERIALS and CONSTRUCTION - General Building Materials
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$107.30
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-2.40
-2.19% |
$109.40
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93,097
40.76% of 50 DAV
50 DAV is 228,400
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$116.50
-7.90%
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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 - 1/4/2017 10:32:15 AM
G - Pulling back today from new all-time highs hit on the prior session. Drew Industries (DW) announced a new name LCI Indusries (LCII) and new trading symbol effective as of the market open on January 3, 2017. 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 an annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Well Above Prior Highs and 50-Day Moving Average - 12/30/2016 |
View all notes |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$25.27
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+0.12
0.48% |
$25.52
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75,507
49.68% of 50 DAV
50 DAV is 152,000
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$25.87
-2.32%
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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 - 1/9/2017 5:36:30 PM
Y - Volume totals have been cooling while hovering in a very tight trading range near its high, 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. Its 50 DMA line ($23.41) defines important support above prior lows.
>>> FEATURED STOCK ARTICLE : Built an Orderly Base-On-Base Pattern - 12/23/2016 |
View all notes |
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Company Profile |
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News |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$22.50
|
-0.25
-1.10% |
$22.94
|
151,855
47.16% of 50 DAV
50 DAV is 322,000
|
$24.10
-6.64%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
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MB = $22.87
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Most Recent Note - 1/4/2017 5:57:00 PM
G - Posted a gain with average volume and its color code is changed to green after rising above its "max buy" level again. 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
|
$80.15
|
-0.10
-0.12% |
$80.63
|
160,987
127.77% of 50 DAV
50 DAV is 126,000
|
$81.05
-1.11%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/6/2017 12:35:52 PM
G - Hitting another new all-time high today, it has been stubbornly holding its ground while getting extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($68.74) 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
|
$99.52
|
-1.76
-1.74% |
$100.94
|
752,689
96.13% of 50 DAV
50 DAV is 783,000
|
$103.00
-3.38%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
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MB = $103.95
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Most Recent Note - 1/4/2017 12:27:20 PM
Y - Volume is running at an above average pace today while rallying from the previously noted advanced "3-weeks tight" base pattern hitting new all-time highs. On 12/30/16 it was last noted -"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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News |
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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
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$37.31
|
-0.59
-1.56% |
$37.57
|
212,977
73.19% of 50 DAV
50 DAV is 291,000
|
$38.65
-3.47%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
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MB = $27.73
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Most Recent Note - 1/9/2017 5:37:33 PM
G - Still holding its ground near all-time highs, extended from its prior base. Its 50 DMA line ($34.21) 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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News |
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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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