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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 11TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+98.75 |
19,954.28 |
+0.50% |
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Volume |
1,060,984,560 |
-10% |
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Volume |
1,773,889,290 |
+9% |
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NASDAQ |
+11.83 |
5,563.65 |
+0.21% |
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Advancers |
2,029 |
69% |
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Advancers |
1,678 |
55% |
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S&P 500 |
+6.42 |
2,275.32 |
+0.28% |
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Decliners |
919 |
31% |
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Decliners |
1,379 |
45% |
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Russell 2000 |
+2.40 |
1,373.30 |
+0.17% |
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52 Wk Highs |
111 |
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52 Wk Highs |
123 |
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S&P 600 |
+2.97 |
843.07 |
+0.35% |
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52 Wk Lows |
14 |
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52 Wk Lows |
23 |
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Major Averages Posted Gains Despite Drug Industry Under Scrutiny
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Wednesday. The Dow was up 98 points to 19954. The S&P 500 added 6 points to 2275 and the Nasdaq Composite gained 11 points to 5563. Volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than 2-1 on the NYSE, but they led by a narrower by 8-7 on the Nasdaq exchange. There were 26 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 21 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 Nasdaq Composite Index is perched at a record high after 7 consecutive gains.
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 Wednesday as investors digested commentary from President-elect Donald Trump. In a press conference, Trump stated the drug industry has gotten “disastrous” with companies leaving left and right. His comments weighed on Health Care stocks with Bristol-Myers Squibb (BMY -5.30%) falling. At the conclusion of the press conference, market participants weighed Trump’s commitment to policies on economics and foreign relations.
Eight of 11 sectors in the S&P 500 ended in positive territory. Energy stocks finished higher with ConocoPhillips (COP +3.14%). In the consumer space, Workday (WDAY +9.89%) after the company announced Wal-Mart (WMT +0.44%) has purchased a subscription to its HR software. Shares of Ford (F -1.40%) were lower as the automaker said 2017 would be a less profitable year than 2016. In Health Care, biotech stocks tumbled after President-elect Trump stated the industry needs more competitive drug bidding. Shares of AbbVie (ABBV -4.57%) fell amid the commentary.
Treasuries advanced on the session Wednesday with the benchmark 10-year note up 3/32 to yield 2.36%. In commodities, NYMEX WTI crude gained 2.8% to $52.25/barrel. COMEX gold added 0.5% to $1191.50/ounce. In FOREX, the Dollar Index fell 0.2%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.82%) and Bank Index ($BKX +0.54%) both rose while the Retail Index ($RLX +0.02%) paused on Wednesday. The Biotechnology Index ($BTK -3.52%) led the tech retreat while the Networking Index ($NWX -0.04%) was little changed and the Semiconductor Index ($SOX +0.38%) posted a modest gain. The energy-linked Integrated Oil Index ($XOI +1.27%) and the Oil Services Index ($OSX +1.59%) both were standout gainers while the Gold & Silver Index ($XAU -0.10%) was little changed. Charts courtesy www.stockcharts.com
 PICTURED: The Biotechnology Index ($BTK -3.52%) slumped near its 50-day and 200-day moving average (DMA) lines .
| Oil Services |
$OSX |
189.60 |
+2.96 |
+1.59% |
+3.16% |
| Integrated Oil |
$XOI |
1,274.75 |
+15.97 |
+1.27% |
+0.53% |
| Semiconductor |
$SOX |
926.54 |
+3.48 |
+0.38% |
+2.21% |
| Networking |
$NWX |
447.50 |
-0.17 |
-0.04% |
+0.31% |
| Broker/Dealer |
$XBD |
214.42 |
+1.74 |
+0.82% |
+4.45% |
| Retail |
$RLX |
1,377.79 |
+0.34 |
+0.02% |
+2.59% |
| Gold & Silver |
$XAU |
86.41 |
-0.09 |
-0.10% |
+9.57% |
| Bank |
$BKX |
93.24 |
+0.50 |
+0.54% |
+1.58% |
| Biotech |
$BTK |
3,208.40 |
-117.13 |
-3.52% |
+4.34% |
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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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$25.35
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+0.62
2.51% |
$25.36
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723,344
249.43% of 50 DAV
50 DAV is 290,000
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$25.83
-1.87%
|
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 - 1/11/2017 12:19:08 PM
G - Gapped down on the prior session after pricing a new Public Offering of shares. Volume totals had been cooling while holding its ground near all-time highs, extended from any sound base. Its 50 DMA line ($23.00) 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 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.30
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+0.10
0.52% |
$19.55
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34,014
36.97% of 50 DAV
50 DAV is 92,000
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$23.00
-16.09%
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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 - 1/10/2017 2:24:45 PM
G - Rebounding above its "max buy" level with a gain today and its color code is changed to green. Found prompt support near prior highs and its 50 DMA line coinciding in the $18 area.
>>> 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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$50.87
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+0.24
0.47% |
$51.07
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1,290,308
97.23% of 50 DAV
50 DAV is 1,327,000
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$51.68
-1.57%
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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 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$72.60
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+0.10
0.14% |
$72.85
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323,866
69.35% of 50 DAV
50 DAV is 467,000
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$72.85
-0.34%
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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 - 1/10/2017 4:44:59 PM
Y - Wedging higher with gains lacking volume after a new pivot point was cited based on its 12/08/16 high plus 10 cents. Gains above a pivot point must have a minimum of +40% above average volume to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($66) defines important support above prior highs.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$48.69
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-0.31
-0.63% |
$49.45
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77,832
41.40% of 50 DAV
50 DAV is 188,000
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$54.23
-10.22%
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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 - 1/10/2017 2:29:48 PM
G - Quietly rising from support at its 50 DMA line ($48.05). The prior low ($45.61 on 12/20/16) defines the next important near-term support level. 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 |
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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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$110.10
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+0.20
0.18% |
$110.70
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82,741
37.64% of 50 DAV
50 DAV is 219,800
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$116.50
-5.49%
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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 - 1/10/2017 4:42:44 PM
G - Consolidating well above prior highs in the $101-103 area defining support to watch coinciding with its 50 DMA line. Drew Industries (DW) announced a new name LCI Industries (LCII) and new trading symbol effective as of the market open on January 3, 2017.
>>> 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
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$25.27
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-1.32
-4.96% |
$27.04
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238,923
162.53% of 50 DAV
50 DAV is 147,000
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$26.90
-6.06%
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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 - 1/11/2017 12:26:51 PM
Y - Color code is changed to yellow after retreating below its "max buy" level. Encountering distributional pressure today after wedging to new highs with a gain backed by +46% above average volume on the prior session. New pivot point was cited based on its 11/17/16 high plus 10 cents after an orderly base-on-base pattern and it was previously noted - "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 ($23.59) defines important support above prior lows.
>>> 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
|
$22.50
|
-0.20
-0.88% |
$22.80
|
185,871
57.72% of 50 DAV
50 DAV is 322,000
|
$24.10
-6.64%
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12/19/2016
|
$22.91
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PP = $21.78
|
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MB = $22.87
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Most Recent Note - 1/10/2017 4:40:27 PM
G - Holding its grounds near its "max buy" level with volume totals cooling. Prior highs in the $21-22 area define initial support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Above Prior Highs - 1/10/2017 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$80.45
|
+0.15
0.19% |
$81.38
|
92,235
74.38% of 50 DAV
50 DAV is 124,000
|
$81.45
-1.23%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/10/2017 4:46:51 PM
G - Touched a new all-time high today. Stubbornly holding its ground while getting extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($69.65) 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
|
$99.47
|
-0.95
-0.95% |
$100.93
|
482,611
61.17% of 50 DAV
50 DAV is 789,000
|
$103.00
-3.43%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
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MB = $103.95
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Most Recent Note - 1/10/2017 4:38:59 PM
Y - Consolidating after rallying from the previously noted advanced "3-weeks tight" base pattern hitting new all-time highs with a volume-driven gain on 1/04/17. Its 50 DMA line ($93.11) 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
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$38.13
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+0.19
0.50% |
$38.30
|
191,560
64.94% of 50 DAV
50 DAV is 295,000
|
$38.65
-1.35%
|
7/19/2016
|
$26.64
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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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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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