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AFTER MARKET UPDATE - FRIDAY, JANUARY 13TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
-5.27 |
19,885.73 |
-0.03% |
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Volume |
929,693,840 |
+1% |
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Volume |
1,570,282,220 |
-6% |
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NASDAQ |
+26.63 |
5,574.12 |
+0.48% |
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Advancers |
1,828 |
63% |
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Advancers |
2,063 |
70% |
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S&P 500 |
+4.20 |
2,274.64 |
+0.18% |
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Decliners |
1,075 |
37% |
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Decliners |
876 |
30% |
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Russell 2000 |
+10.98 |
1,372.05 |
+0.81% |
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52 Wk Highs |
131 |
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52 Wk Highs |
146 |
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S&P 600 |
+6.57 |
839.86 |
+0.79% |
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52 Wk Lows |
9 |
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52 Wk Lows |
18 |
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Breadth Positive on Friday as Leadership Improved
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow lost 0.4%, the S&P 500 inched 0.1% lower, while the Nasdaq climbed 1.0%. Stocks finished mixed on Friday. The Dow fell 6 points to 19884. The S&P 500 added 4 points to 2274 and the Nasdaq Composite gained 26 points to close at an all-time high of 5574. Volume totals were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-2 margin on the NYSE and by more than a 2-1 margin on the Nasdaq exchange. There were 39 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, tripling the total of 13 seen on the prior session. New 52-week highs totals expanded outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average has been consolidating near its record high after challenging the 20,000 level. Its 50-day moving average (DMA) line defines near-term support.
Near record high territory, the major averages (M criteria) are in a confirmed uptrend which has endured distributional pressure. 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 finished mostly positive territory as investors digested an optimistic start to fourth-quarter earnings season. JP Morgan Chase & Co (JPM +0.53%) as the investment bank reported that profit rose 24% from a year earlier. On the data front, retail sales increased 0.6% in December, following a 0.2% gain the previous month. In a separate report, a gauge of inflation showed that producer prices ticked up 0.3% last month.
Six of 11 sectors in the S&P 500 finished the session higher. Financials pared most of their weekly loss after this morning’s profit tallies. Bank of America (BAC +0.39%) rose after the company beat on the bottom line but missed revenue expectations. Blackrock (BLK +0.28%) edged higher after surpassing Wall Street profit and revenue projections. GameStop (GME -8.05%) fell after releasing disappointing holiday sales figures.
Treasuries declined after this morning’s economic data with the benchmark 10-year note losing 8/32 to yield 2.39%. In commodities, NYMEX WTI crude fell 0.9% to $52.54/barrel. COMEX gold lost 0.1% to $1198.20/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech and Retails Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.48%) and Bank Index ($BKX +0.87%) both rose and the Retail Index ($RLX +0.27%) also posted a modest gain on Friday. The Networking Index ($NWX +0.71%) and the Semiconductor Index ($SOX +0.71%) outpaced the Biotechnology Index ($BTK +0.24%). The Gold & Silver Index ($XAU +0.94%) posted a gain, meanwhile there was more weakness in energy-linked shares as the Integrated Oil Index ($XOI -0.10%) and the Oil Services Index ($OSX -1.36%) both fell. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX +0.71%) is consolidating well above its 50-day moving average (DMA) line and above prior highs.
| Oil Services |
$OSX |
185.56 |
-2.57 |
-1.37% |
+0.96% |
| Integrated Oil |
$XOI |
1,267.15 |
-1.21 |
-0.10% |
-0.07% |
| Semiconductor |
$SOX |
924.67 |
+6.51 |
+0.71% |
+2.01% |
| Networking |
$NWX |
447.48 |
+3.14 |
+0.71% |
+0.31% |
| Broker/Dealer |
$XBD |
213.40 |
+1.02 |
+0.48% |
+3.96% |
| Retail |
$RLX |
1,388.22 |
+3.68 |
+0.27% |
+3.37% |
| Gold & Silver |
$XAU |
87.04 |
+0.82 |
+0.95% |
+10.37% |
| Bank |
$BKX |
93.11 |
+0.81 |
+0.88% |
+1.44% |
| Biotech |
$BTK |
3,251.25 |
+7.79 |
+0.24% |
+5.73% |
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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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$24.90
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+0.07
0.28% |
$25.37
|
229,493
75.74% of 50 DAV
50 DAV is 303,000
|
$25.83
-3.61%
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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 |
View all notes |
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News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$18.95
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+0.15
0.80% |
$19.25
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18,482
20.09% of 50 DAV
50 DAV is 92,000
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$23.00
-17.61%
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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 - 1/12/2017 5:20:39 PM
G - Failed to find great support today while quietly sputtering near prior highs and its 50 DMA line. More damaging losses would raise concerns and may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Consolidating After Strong Sep '16 Quarterly Earnings News - 12/21/2016 |
View all notes |
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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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$50.82
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+0.35
0.69% |
$50.83
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892,859
67.08% of 50 DAV
50 DAV is 1,331,000
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$51.68
-1.66%
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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 - 1/12/2017 5:23:42 PM
G - Consolidating in an orderly fashion with volume totals cooling since its 11/29/16 breakout. Insider buying reported in recent weeks is a reassuring sign. Its 50 DMA line ($48.20) defines support to watch above prior highs in the $46 area.
>>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues Well Above Support - 1/3/2017 |
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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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$73.45
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+1.00
1.38% |
$74.10
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358,593
78.47% of 50 DAV
50 DAV is 457,000
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$72.85
0.82%
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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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News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$51.57
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+1.50
3.00% |
$51.86
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101,658
54.95% of 50 DAV
50 DAV is 185,000
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$54.23
-4.91%
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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 - 1/13/2017 5:06:08 PM
G - Posted a big gain today with light volume, rising from support at its 50 DMA line ($48.47). 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 |
View all notes |
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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 |
DW
-
NYSE
LCI Industries
MATERIALS and CONSTRUCTION - General Building Materials
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$112.55
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+2.55
2.32% |
$115.10
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155,203
73.28% of 50 DAV
50 DAV is 211,800
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$116.50
-3.39%
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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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$24.70
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-0.02
-0.08% |
$25.57
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84,536
57.12% of 50 DAV
50 DAV is 148,000
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$27.04
-8.65%
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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 - 1/12/2017 1:27:01 PM
Y - Its slump back into the prior base raised concerns as it endured distributional pressure and tested support at its 50 DMA line ($23.66) today. More damaging losses would raise serious concerns and trigger a technical sell signal. Wedged to new highs with a gain backed by +46% above average volume on 1/10/17, rallying above the pivot point cited based on its 11/17/16 high plus 10 cents.
>>> 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
|
$21.45
|
-0.10
-0.46% |
$22.00
|
337,942
105.61% of 50 DAV
50 DAV is 320,000
|
$24.10
-11.00%
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12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 1/12/2017 4:31:40 PM
Y - Color code is changed to yellow after it slumped back into its prior base raising concerns with a loss today on higher (near average) volume. Prior highs in the $21-22 area define initial support to watch above its 50 DMA line ($20.35).
>>> 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
|
$81.35
|
+0.95
1.18% |
$81.65
|
101,912
83.53% of 50 DAV
50 DAV is 122,000
|
$81.45
-0.12%
|
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
|
$100.27
|
+1.27
1.28% |
$101.04
|
367,759
47.21% of 50 DAV
50 DAV is 779,000
|
$103.00
-2.65%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
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MB = $103.95
|
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
|
$37.88
|
+0.69
1.86% |
$38.33
|
139,083
46.83% of 50 DAV
50 DAV is 297,000
|
$38.65
-1.99%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
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Most Recent Note - 1/12/2017 5:18:12 PM
G - Extended from its prior base. Its recent low and 50 DMA line ($34.83) define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near Highs - 1/12/2017 |
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Set NEW NOTE alert |
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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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