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AFTER MARKET UPDATE - FRIDAY, JANUARY 20TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+94.85 |
19,827.25 |
+0.48% |
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Volume |
1,210,076,760 |
+35% |
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Volume |
1,586,841,070 |
-4% |
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NASDAQ |
+15.25 |
5,555.33 |
+0.28% |
|
Advancers |
1,852 |
64% |
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Advancers |
1,889 |
63% |
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S&P 500 |
+7.62 |
2,271.31 |
+0.34% |
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Decliners |
1,051 |
36% |
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Decliners |
1,112 |
37% |
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Russell 2000 |
+6.10 |
1,351.85 |
+0.45% |
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52 Wk Highs |
84 |
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52 Wk Highs |
99 |
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S&P 600 |
+3.60 |
827.56 |
+0.44% |
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52 Wk Lows |
18 |
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52 Wk Lows |
38 |
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Indices Rose as Donald Trump Was Sworn in as President
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was down 0.3%, the S&P 500 lost 0.3%, and the Nasdaq fell 0.3%. Stocks finished higher Friday. The Dow was up 94 points to 19827. The S&P 500 added 7 points to 2271 and the Nasdaq Composite gained 15 points to 5555. 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 on the Nasdaq exchange. There were 18 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 19 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index is consolidating near its record high.
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 advanced on the session Friday as Donald Trump was sworn in as the nation’s 45th president. Treasuries rose while the U.S. dollar declined after Trump took a protectionist tone in his inauguration speech, with unclear implications on economic policy. On the Fed front, Philadelphia President Patrick Harker said he expects three interest rate increases in 2017 if inflation moves to the central bank’s 2% target objective.
Nine of 11 sectors in the S&P 500 ended in positive territory. Technology stocks finished higher with Skyworks (SWKS +13.01%) rising. International Business Machines (IBM +2.24%) rose after reporting a 33% increase in its cloud business for the quarter. In earnings, Procter & Gamble (PG +3.25%) as the consumer products giant increased its organic sales growth guidance. Shares of General Electric (GE -2.18%) fell as the persistent oil-patch slump weakened demand for industrial equipment. In Health Care, Bristol-Myers Squibb (BMY -11.28%) fell amid reports the company declined to seek accelerated approval for a new lung cancer treatment.
Treasuries advanced with the benchmark 10-year note up 2/32 to yield 2.46%. In commodities, NYMEX WTI crude gained 2% to $52.42/barrel. COMEX gold added 0.6% to $1208.40/ounce. In FOREX, the Dollar Index fell 0.3%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Semiconductor and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.46%) and Bank Index ($BKX +0.59%) both rose modestly while the Retail Index ($RLX +0.09%) inched higher on on Friday. The tech sector was mixed, with a positive bias for the Semiconductor Index ($SOX +1.30%) while the Biotechnology Index ($BTK -0.54%) edged lower and the Networking Index ($NWX -0.03%) ended unchanged. The Gold & Silver Index ($XAU +1.28%) rose and energy-linked shares also gained ground as the Integrated Oil Index ($XOI +0.32%) and the Oil Services Index ($OSX +1.30%) both tallied gains. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX +0.59%) is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
188.53 |
+2.42 |
+1.30% |
+2.58% |
| Integrated Oil |
$XOI |
1,261.20 |
+4.03 |
+0.32% |
-0.54% |
| Semiconductor |
$SOX |
930.01 |
+11.98 |
+1.30% |
+2.60% |
| Networking |
$NWX |
440.52 |
-0.14 |
-0.03% |
-1.25% |
| Broker/Dealer |
$XBD |
210.26 |
+0.95 |
+0.46% |
+2.43% |
| Retail |
$RLX |
1,379.09 |
+1.21 |
+0.09% |
+2.69% |
| Gold & Silver |
$XAU |
88.68 |
+1.12 |
+1.28% |
+12.45% |
| Bank |
$BKX |
90.48 |
+0.53 |
+0.59% |
-1.40% |
| Biotech |
$BTK |
3,175.18 |
-17.08 |
-0.54% |
+3.26% |
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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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$24.83
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+0.32
1.31% |
$25.04
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350,977
112.85% of 50 DAV
50 DAV is 311,000
|
$25.83
-3.89%
|
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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$18.65
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+0.15
0.81% |
$18.80
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31,707
35.23% of 50 DAV
50 DAV is 90,000
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$23.00
-18.91%
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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 - 1/19/2017 5:44:52 PM
G - Remains below its 50 DMA line testing prior highs. More damaging losses would trigger a worrisome technical sell signal. A rebound above the 50 DMA line ($19.22) would help its outlook improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Line and Now Testing Prior Highs - 1/19/2017 |
View all notes |
Set NEW NOTE alert |
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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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$51.02
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+0.27
0.53% |
$51.02
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1,288,628
97.77% of 50 DAV
50 DAV is 1,318,000
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$51.75
-1.41%
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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 - 1/18/2017 6:06:35 PM
G - Posted a gain with near average volume today for its best-ever close. 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 ($48.66) 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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$72.90
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+0.65
0.90% |
$72.95
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291,856
64.14% of 50 DAV
50 DAV is 455,000
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$74.10
-1.62%
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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 |
View all notes |
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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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$50.42
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+0.42
0.84% |
$50.75
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69,396
38.77% of 50 DAV
50 DAV is 179,000
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$54.23
-7.03%
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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 - 1/18/2017 6:01:14 PM
G - Consolidating above support at its 50 DMA line ($48.82). 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 |
Set NEW NOTE alert |
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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
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NYSE
LCI Industries
MATERIALS and CONSTRUCTION - General Building Materials
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$106.05
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-1.65
-1.53% |
$108.00
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264,875
138.03% of 50 DAV
50 DAV is 191,900
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$116.50
-8.97%
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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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$23.34
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+0.26
1.13% |
$23.55
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102,437
69.69% of 50 DAV
50 DAV is 147,000
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$27.04
-13.68%
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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 - 1/19/2017 5:41:08 PM
G - Slumped below its 50 DMA line with a 6th consecutive loss today raising concerns and triggering a technical sell signal. Color code is changed to green. Only a prompt rebound above its 50 DMA line ($23.93) would help its outlook improve.
>>> 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
|
$21.90
|
-0.45
-2.01% |
$22.35
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205,398
69.39% of 50 DAV
50 DAV is 296,000
|
$24.10
-9.13%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
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MB = $22.87
|
Most Recent Note - 1/20/2017 5:25:33 PM
Y - Quietly consolidating near prior highs in the $21-22 area which define initial support to watch above its 50 DMA line ($20.84). More damaging losses leading to violations may trigger technical sell signals.
>>> 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
|
$78.20
|
-0.20
-0.26% |
$78.80
|
103,141
83.85% of 50 DAV
50 DAV is 123,000
|
$81.65
-4.23%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/19/2017 5:38:37 PM
G - Pulling back from all-time highs after getting extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($72.60) 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
|
$89.80
|
+0.08
0.09% |
$90.90
|
732,202
88.11% of 50 DAV
50 DAV is 831,000
|
$103.00
-12.82%
|
12/30/2016
|
$96.77
|
PP = $99.00
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MB = $103.95
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Most Recent Note - 1/18/2017 6:00:17 PM
G - Halted its slide today after a damaging gap down on the prior session violated its 50 DMA line triggering a technical sell signal. A prompt rebound above its 50 DMA line ($94.25) is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Damages Raised Concern and Triggered Technical Sell Signal - 1/18/2017 |
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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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$37.22
|
+0.18
0.49% |
$37.82
|
118,929
40.45% of 50 DAV
50 DAV is 294,000
|
$38.65
-3.70%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
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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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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