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AFTER MARKET UPDATE - THURSDAY, JANUARY 11TH, 2018
Previous After Market Report Next After Market Report >>>
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DOW |
+205.60 |
25,574.73 |
+0.81% |
|
Volume |
827,843,450 |
+2% |
|
Volume |
1,992,599,531 |
-6% |
|
NASDAQ |
+58.21 |
7,211.78 |
+0.81% |
|
Advancers |
2,319 |
79% |
|
Advancers |
1,946 |
73% |
|
S&P 500 |
+19.33 |
2,767.56 |
+0.70% |
|
Decliners |
625 |
21% |
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Decliners |
716 |
27% |
|
Russell 2000 |
+26.99 |
1,586.79 |
+1.73% |
|
52 Wk Highs |
282 |
|
|
52 Wk Highs |
310 |
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S&P 600 |
+17.28 |
965.61 |
+1.82% |
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52 Wk Lows |
34 |
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52 Wk Lows |
22 |
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Leadership Expands as Major Indices Again Rally Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were higher Thursday. The Dow added 205 points to 25574. The S&P 500 rose 19 points to 2767 while the Nasdaq Composite advanced 58 points to 7211. Volume totals reported were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and nearly 3-1 on the Nasdaq exchange. There were 95 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 44 on the prior session. New 52-week highs totals expanded and solidly outnumbered shrinking new 52-week lows totals on the NYSE and on the Nasdaq exchange. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders. Charts used courtesy of www.stockcharts.com
 PICTURED: The S&P 500 Index hit a new record high with its 7th gain in the span of 8 sessions. The major averages (M criteria) are in a confirmed uptrend. Investors should only consider stocks meeting all key criteria of the fact-based investment system as they trigger technical buy signals.
The major averages climbed to new record highs on Thursday as the Energy sector paced today’s gains. Corporate profits moved to the forefront of investors’ minds as fourth quarter earnings season unofficially begins Friday morning. On the data front, a report showed initial jobless claims unexpectedly increased in the most recent week to 261,000 from the prior reading of 250,000. A gauge of inflation revealed that producer prices declined 0.1% in December versus a projected increase of 0.2%.
Eight of 11 S&P 500 sectors finished higher. Energy was the notable outperformer as Chevron (CVX +3.04%) rose in sympathy with oil prices. In Industrials, Boeing (BA + 2.45%) and Caterpillar (CAT +2.01%) rose. On the earnings front, Delta Airlines (DAL +4.76%) and KB Home (KBH +12.31%) surged after both companies beat analyst projections. Consumer Staples lagged the broader market today as Kraft Heinz (KHC -0.98%) and Kellogg (K -1.55%) fell.
Treasury prices were higher, sending the yield on the 10-year note down three basis points to 2.53%. In commodities, NYMEX WTI crude pared early session gains and finished up less than 0.1% to $63.61/barrel. COMEX gold added 0.2% to $1322.30/ounce amid a weaker dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.80%) outpaced the Bank Index ($BKX +0.70%) and the Broker/Dealer Index ($XBD +0.62%) on Thursday. The tech sector was led higher by the Networking Index ($NWX +1.40%) while the Semiconductor Index ($SOX +0.62%) edged higher and the Biotechnology Index ($BTK +0.24%) also eked out a small gain. The Gold & Silver Index ($XAU +1.13%), Oil Services Index ($OSX +2.39%), and the Integrated Oil Index ($XOI +1.85%) each posted a solid gain. Charts courtesy wwwstockcharts.com
 PICTURED: The Bank Index ($BKX +0.70%) tallied 3 consecutive gains as it rallied for new record highs.
| Oil Services |
$OSX |
163.19 |
+3.80 |
+2.38% |
+9.12% |
| Integrated Oil |
$XOI |
1,414.27 |
+25.68 |
+1.85% |
+5.89% |
| Semiconductor |
$SOX |
1,314.07 |
+7.85 |
+0.60% |
+4.87% |
| Networking |
$NWX |
510.31 |
+7.05 |
+1.40% |
+4.03% |
| Broker/Dealer |
$XBD |
278.01 |
+1.71 |
+0.62% |
+4.81% |
| Retail |
$RLX |
1,850.28 |
+32.76 |
+1.80% |
+6.72% |
| Gold & Silver |
$XAU |
87.04 |
+0.97 |
+1.13% |
+2.08% |
| Bank |
$BKX |
112.14 |
+0.77 |
+0.69% |
+5.09% |
| Biotech |
$BTK |
4,441.80 |
+10.71 |
+0.24% |
+5.20% |
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Prompt Rebound Above 50-Day Moving Average Helped Outlook
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Grubhub Inc (GRUB +$1.69 or +2.54% to $68.22) posted a gain today with only average volume, yet the close back above its 50-day moving average (DMA) line ($67.86) helped its outlook improve. Subsequent losses violating the 50 DMA line and prior session's low ($66.28) would raise greater concerns and trigger a more worrisome technical sell signal.
A lot of bullish action has come even after Grubhub reported Sep '17 quarterly earnings +22% on +32% sales revenues. The 2 latest quarters were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns with regard to the fact-based investment system.
GRUB traded up as much as +69.2% since first highlighted in yellow with pivot point cited based on its 9/29/16 high plus 10 cents in the 4/28/17 mid-day report (read here). Its annual earnings (A criteria) history has been very strong since the high ranked Internet Content firm completed a new Public Offering on 9/03/14.
It has earned a current Timeliness rating of A and a Sponsorship rating of C, but its Accumulation/Distribution rating is D-. It was last shown in this FSU section on 12/18/17 with an annotated graph under the headline, "Extended From Any Base, Grubhub Hits Another New Record High". The number of top-rated funds owning its shares rose from 318 in Jun '16 to 457 in Sep '17, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a fairly small supply of only 86.7 million shares (S criteria) outstanding, which can contribute to greater price volatility in the event of institutional buying or selling.
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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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
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$156.75
|
+4.31
2.83% |
$157.24
|
446,691
74.70% of 50 DAV
50 DAV is 598,000
|
$157.50
-0.48%
|
12/19/2017
|
$153.92
|
PP = $156.96
|
|
MB = $164.81
|
Most Recent Note - 1/8/2018 4:11:10 PM
Y - Still holding its ground stubbornly near its all-time high with volume totals cooling. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($144.14) defines near-term support to watch above prior highs in the $138 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Holding Ground in Tight Range Near High - 12/27/2017 |
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C
A
S
I |
ROG
-
NYSE
Rogers Corp
CONSUMER NON-DURABLES - Rubber and Plastics
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$168.46
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+4.10
2.49% |
$169.14
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86,245
43.34% of 50 DAV
50 DAV is 199,000
|
$184.00
-8.45%
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12/29/2017
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$162.92
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PP = $168.17
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MB = $176.58
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Most Recent Note - 1/9/2018 2:05:08 PM
Y - Wedging back above its pivot point with today's 3rd consecutive small gain on light volume. Raised concerns after a big "negative reversal" at a new all-time high on 1/03/18. Disciplined investors avoid chasing stocks more than 5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Hovering Near Prior High After 3rd Strong Quarterly Earnings - 12/29/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
|
$263.50
|
+0.67
0.25% |
$263.85
|
1,769,117
52.15% of 50 DAV
50 DAV is 3,392,400
|
$285.68
-7.76%
|
1/5/2018
|
$271.62
|
PP = $285.78
|
|
MB = $300.07
|
Most Recent Note - 1/9/2018 2:08:10 PM
Y - Consolidating above its 50 DMA line ($266.86). The recent low ($254.20 on 12/06/17) defines important support below its short-term average. Damaging violations would raise greater concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : New Pivot Point Cited After Rebound Above 50-Day Moving Average - 1/5/2018 |
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C
A
S
I |
TPL
-
NYSE
Texas Pacific Land Trust
FINANCIAL SERVICES - Diversified Investments
|
$541.79
|
+39.65
7.90% |
$544.93
|
44,990
346.08% of 50 DAV
50 DAV is 13,000
|
$510.57
6.11%
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12/21/2017
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$419.50
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PP = $435.09
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MB = $456.84
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Most Recent Note - 1/11/2018 12:59:32 PM
G - Hitting yet another new record high with today's gain backed by above average volume, getting more extended from the prior base. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs in the $434 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Real Estate Trust Perched Within Striking Distance of Prior High - 12/21/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc
INTERNET - Internet Service Providers
|
$127.64
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+0.16
0.13% |
$129.59
|
485,615
33.28% of 50 DAV
50 DAV is 1,459,000
|
$131.99
-3.30%
|
12/29/2017
|
$113.06
|
PP = $123.58
|
|
MB = $129.76
|
Most Recent Note - 1/9/2018 2:10:24 PM
Y - Touched a new high today then reversed into the red after 3 consecutive gains marked by just average volume. Gains above the pivot point must have at least +40% above average volume to meet the guidelines for a proper technical buy signal. Its 50 DMA line ($106.61) defines support above the recent low ($98.50 on 12/06/17). This China-based Internet - Content firm's fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Touched a New High But Ended Below New Pivot Point Cited - 1/4/2018 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$152.24
|
-2.42
-1.56% |
$156.81
|
518,378
78.54% of 50 DAV
50 DAV is 660,000
|
$159.35
-4.46%
|
12/22/2017
|
$138.07
|
PP = $142.90
|
|
MB = $150.05
|
Most Recent Note - 1/9/2018 1:56:19 PM
G - Color code is changed to green after rising back above its "max buy" level. Near term chart support is defined by the prior high $142.80.
>>> FEATURED STOCK ARTICLE : Sales Revenues Growth Rate Shows Acceleration - 12/22/2017 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
Bldg-Mobile/Mfg and RV
|
$68.15
|
+2.65
4.05% |
$68.25
|
154,964
107.61% of 50 DAV
50 DAV is 144,000
|
$71.13
-4.18%
|
10/26/2017
|
$90.90
|
PP = $87.90
|
|
MB = $92.30
|
Most Recent Note - 1/10/2018 5:23:44 PM
G - Recently retreated from its all-time high with volume indicative of distributional pressure. Its 50 DMA line and prior high coincide in the $64 area defining near-term support to watch. Fundamentals remain strong. Shares split 3/2 effective 12/11/17, so do not be confused by the impact on the share prices. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulled Back From Record High With Higher Volume - 1/10/2018 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$47.84
|
+1.17
2.51% |
$47.96
|
796,264
91.84% of 50 DAV
50 DAV is 867,000
|
$47.29
1.16%
|
10/9/2017
|
$39.75
|
PP = $41.54
|
|
MB = $43.62
|
Most Recent Note - 1/9/2018 5:30:31 PM
G - Consolidating above its 50 DMA line, not far from its all-time high. Recent lows in the $43.00 area define important support where more damaging losses would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near High After Brief Consolidation Below 50 DMA Line - 1/9/2018 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$68.12
|
+2.36
3.59% |
$69.03
|
1,369,217
120.74% of 50 DAV
50 DAV is 1,134,000
|
$73.55
-7.38%
|
1/2/2018
|
$69.16
|
PP = $68.99
|
|
MB = $72.44
|
Most Recent Note - 1/10/2018 5:27:54 PM
Y - Abruptly retreated from its all-time high, slumping toward its 50 DMA line ($62.98). That important short-term average defines near-term support above prior highs in the $57-58 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Retail - Discount & Variety Firm Has Strong Fundamentals - 12/19/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$197.80
|
+5.20
2.70% |
$198.00
|
572,483
58.18% of 50 DAV
50 DAV is 984,000
|
$198.30
-0.25%
|
1/8/2018
|
$191.68
|
PP = $192.85
|
|
MB = $202.49
|
Most Recent Note - 1/8/2018 5:24:38 PM
Y - Finished strong today after highlighted in yellow with new pivot point cited based on its 11/24/17 high plus 10 cents. Gain and strong close above the pivot point backed by +215% above average volume triggered a convincing new (or add-on) technical buy signal. Recently found support above its 50 DMA line ($171.39). Subsequent losses leading to a violation may trigger a technical sell signal. Fundamentals remain very strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Breakout With Volume-Driven Gain For New High - 1/8/2018 |
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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 |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$260.79
|
+8.51
3.37% |
$261.81
|
1,064,350
116.58% of 50 DAV
50 DAV is 913,000
|
$255.93
1.90%
|
1/8/2018
|
$248.88
|
PP = $245.75
|
|
MB = $258.04
|
Most Recent Note - 1/8/2018 12:26:40 PM
Y - Hitting a new high today after a choppy 6-week consolidation during which its 50 DMA line ($224.59) acted as support. Color code is changed to yellow with a new pivot point cited based on its 11/21/17 high plus 10 cents. Gains backed by at least +40% above average volume and a close above the pivot point may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Wedging Near Prior High - 1/2/2018 |
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C
A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$68.22
|
+1.69
2.54% |
$68.22
|
1,172,259
96.17% of 50 DAV
50 DAV is 1,219,000
|
$74.81
-8.80%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 1/11/2018 5:21:40 PM
G - Posted a gain with average volume to promptly rebound and close above its 50 DMA line ($67.86) helping its outlook improve. Subsequent losses undercutting the latest low ($66.28) would raise greater concerns. See the latest FSU for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Prompt Rebound Above 50-Day Moving Average Helped Outlook - 1/11/2018 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$73.25
|
+0.30
0.41% |
$74.60
|
149,573
76.31% of 50 DAV
50 DAV is 196,000
|
$79.40
-7.75%
|
12/26/2017
|
$75.00
|
PP = $79.50
|
|
MB = $83.48
|
Most Recent Note - 1/10/2018 5:25:45 PM
Y - Ended near the session low with a loss today on higher (near average) volume. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Subsequent losses leading to violations of the 50 DMA line or recent low ($68.30 on 12/13/17) may trigger technical sell signals. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Building on an Advanced Ascending Base Pattern - 12/26/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$54.00
|
+2.15
4.15% |
$54.10
|
671,420
115.76% of 50 DAV
50 DAV is 580,000
|
$54.30
-0.55%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
|
MB = $49.35
|
Most Recent Note - 1/8/2018 3:38:08 PM
G - Churning above average volume and pulling back, consolidating after getting extended from any sound base. Its 50 DMA line ($48.27) defines important near-term support above prior highs in the $46 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Extended From Latest Base and Perched Near Record High - 12/20/2017 |
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C
A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$49.62
|
+0.89
1.83% |
$49.63
|
210,306
103.09% of 50 DAV
50 DAV is 204,000
|
$49.18
0.89%
|
1/3/2018
|
$45.88
|
PP = $47.09
|
|
MB = $49.44
|
Most Recent Note - 1/8/2018 4:08:56 PM
Y - Posted a gain with below average volume for a best-ever close. Color code was changed to yellow after an advanced "3-weeks tight" base was noted. New pivot point was cited based on its 12/18/17 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 ($43.93) defines near-term support to watch. Made gradual progress since 10/26/17 when it priced a Secondary Offering. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Tight Weekly Closes Formed Advanced Base Pattern - 1/3/2018 |
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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 |
|
|
|
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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