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AFTER MARKET UPDATE - TUESDAY, JANUARY 17TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
-58.96 |
19,826.77 |
-0.30% |
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Volume |
1,113,035,250 |
+20% |
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Volume |
1,587,255,730 |
+1% |
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NASDAQ |
-35.39 |
5,538.73 |
-0.63% |
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Advancers |
1,343 |
45% |
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Advancers |
865 |
29% |
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S&P 500 |
-6.75 |
2,267.89 |
-0.30% |
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Decliners |
1,631 |
55% |
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Decliners |
2,138 |
71% |
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Russell 2000 |
-19.72 |
1,352.32 |
-1.44% |
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52 Wk Highs |
91 |
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52 Wk Highs |
83 |
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S&P 600 |
-11.44 |
828.42 |
-1.36% |
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52 Wk Lows |
11 |
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52 Wk Lows |
24 |
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Leadership Waned as Major Averages Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow was down 58 points to 19826. The S&P 500 lost 6 points to 2267 and the Nasdaq Composite fell 35 points to 5538. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by an 8-7 margin on the NYSE and by more than a 2-1 margin on the Nasdaq exchange. There were 13 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 39 on the prior session. New 52-week highs totals contracted yet still outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index pulled back from a new record high. 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 declined on the session Tuesday as Financials retreated amid increasing uncertainty around President-elect Donald Trump’s economic policies. On Monday, Trump criticized a proposed corporate tax plan from the House of Representatives, labeling the plan as “too complicated.” On the data front, a report showed manufacturing activity in the New York Fed region expanded in January for the third straight month.
Six of 11 sectors in the S&P 500 ended in positive territory. Financials finished 2% lower on the session with Comerica Inc. (CMA -6.51%) falling hard. Shares of Morgan Stanley (MS -3.8%) slid despite the investment bank’s profit rising 83% year-over-year on strong trading results. In the consumer space, Twitter (TWTR -1.68%) fell after being the subject of negative analyst commentary. Wal-Mart (WMT +1.92%) rose as the retail giant announced plans to add 10,000 U.S. retail jobs. In M&A news, Clayton Williams Energy (CWEI +39.69%) surged after agreeing to a $2.7 billion takeover bid from Noble Energy (NBL +7.11%).
Treasuries finished higher with the benchmark 10-year note up 20/32 to yield 2.32%. In commodities, NYMEX WTI crude added 0.2% to $52.47/barrel. In FOREX, the Dollar Index fell 0.8%, with particular weakness against the British pound. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.49%) and Bank Index ($BKX -3.43%) both weighed on the major averages as the fell on Tuesday. The Retail Index ($RLX -0.01%) finished flat. The tech sector had a negative bias as the Networking Index ($NWX -1.38%), Semiconductor Index ($SOX -1.64%), and the Biotechnology Index ($BTK -2.32%) each fell. The Gold & Silver Index ($XAU +2.36%) posted a standout gain, and there was a positive bias in energy-linked shares as the Integrated Oil Index ($XOI +0.38%) and the Oil Services Index ($OSX +0.94%) both rose. Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX -0.01%) is consolidating above its 50-day moving average (DMA) line, perched within striking distance of its record high.
| Oil Services |
$OSX |
187.30 |
+1.74 |
+0.94% |
+1.91% |
| Integrated Oil |
$XOI |
1,272.01 |
+4.86 |
+0.38% |
+0.32% |
| Semiconductor |
$SOX |
909.48 |
-15.19 |
-1.64% |
+0.33% |
| Networking |
$NWX |
441.32 |
-6.16 |
-1.38% |
-1.07% |
| Broker/Dealer |
$XBD |
208.09 |
-5.31 |
-2.49% |
+1.37% |
| Retail |
$RLX |
1,388.07 |
-0.15 |
-0.01% |
+3.36% |
| Gold & Silver |
$XAU |
89.10 |
+2.06 |
+2.37% |
+12.99% |
| Bank |
$BKX |
89.92 |
-3.20 |
-3.44% |
-2.04% |
| Biotech |
$BTK |
3,175.83 |
-75.42 |
-2.32% |
+3.28% |
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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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$24.49
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-0.41
-1.65% |
$24.81
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324,014
106.58% of 50 DAV
50 DAV is 304,000
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$25.83
-5.20%
|
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 - 1/17/2017 2:33:38 PM
G - Completed a new Public Offering of shares on 1/10/17 during its orderly consolidation perched near all-time highs. Its 50 DMA line ($23.38) 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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$18.30
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-0.65
-3.43% |
$19.05
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34,015
37.38% of 50 DAV
50 DAV is 91,000
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$23.00
-20.43%
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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 - 1/17/2017 5:26:59 PM
G - Slumped further below its 50 DMA line ($19.06) today raising concerns. More damaging losses would trigger a more worrisome technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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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$50.90
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+0.08
0.16% |
$51.06
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943,110
71.45% of 50 DAV
50 DAV is 1,320,000
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$51.68
-1.51%
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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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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$72.45
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-1.00
-1.36% |
$73.56
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342,847
75.02% of 50 DAV
50 DAV is 457,000
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$74.10
-2.23%
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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 - 1/17/2017 2:31:28 PM
Y - Recently wedged 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 ($67.53 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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$51.33
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-0.24
-0.47% |
$51.87
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153,968
84.14% of 50 DAV
50 DAV is 183,000
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$54.23
-5.35%
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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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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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$109.50
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-3.05
-2.71% |
$112.80
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89,438
42.23% of 50 DAV
50 DAV is 211,800
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$116.50
-6.01%
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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 - 1/17/2017 2:30:21 PM
G - Consolidating near its all-time high, well above support at prior highs in the $101-103 area and above its 50 DMA line ($104.43). 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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$23.85
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-0.85
-3.44% |
$24.16
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123,420
83.39% of 50 DAV
50 DAV is 148,000
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$27.04
-11.79%
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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 - 1/17/2017 2:40:39 PM
Y - Slumped back into the prior base raising concerns, enduring distributional pressure and testing support at its 50 DMA line ($23.82). 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
|
$21.80
|
+0.35
1.63% |
$21.95
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315,413
98.88% of 50 DAV
50 DAV is 319,000
|
$24.10
-9.54%
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12/19/2016
|
$22.91
|
PP = $21.78
|
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MB = $22.87
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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
|
$80.75
|
-0.60
-0.74% |
$81.30
|
82,111
67.30% of 50 DAV
50 DAV is 122,000
|
$81.65
-1.10%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
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Most Recent Note - 1/17/2017 2:35:07 PM
G - Perched near all-time highs, stubbornly holding its ground, extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($71.62) 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
|
$88.23
|
-12.04
-12.01% |
$94.34
|
4,582,340
594.34% of 50 DAV
50 DAV is 771,000
|
$103.00
-14.34%
|
12/30/2016
|
$96.77
|
PP = $99.00
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MB = $103.95
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Most Recent Note - 1/17/2017 12:45:41 PM
G - Gapped down today and violated its 50 DMA line with a damaging loss raising concerns and triggering a technical sell signal. Color code was changed to green while testing near prior lows in the $91 area which define the next important support. A prompt rebound above its 50 DMA line ($94.14) is needed for its outlook to improve.
>>> 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
|
$36.59
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-1.29
-3.41% |
$37.99
|
130,034
43.93% of 50 DAV
50 DAV is 296,000
|
$38.65
-5.33%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
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MB = $27.73
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Most Recent Note - 1/17/2017 2:37:47 PM
G - Consolidating near its high. Recent low and its 50 DMA line define important near-term support in the $35 area where subsequent violations would raise concerns.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near Highs - 1/12/2017 |
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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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