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AFTER MARKET UPDATE - THURSDAY, JANUARY 28TH, 2016
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DOW |
+125.18 |
16,069.64 |
+0.79% |
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Volume |
1,064,824,220 |
-2% |
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Volume |
2,129,437,930 |
+11% |
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NASDAQ |
+38.51 |
4,506.68 |
+0.86% |
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Advancers |
2,052 |
66% |
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Advancers |
1,568 |
53% |
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S&P 500 |
+10.41 |
1,893.36 |
+0.55% |
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Decliners |
1,037 |
34% |
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Decliners |
1,381 |
47% |
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Russell 2000 |
+0.53 |
1,003.27 |
+0.05% |
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52 Wk Highs |
31 |
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52 Wk Highs |
14 |
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S&P 600 |
+1.65 |
610.51 |
+0.27% |
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52 Wk Lows |
105 |
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52 Wk Lows |
172 |
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Leadership Remains Thin as Major Averages Rebound
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Thursday. The Dow gained 125 points to 16069. The S&P 500 added 10 points to 1893. The NASDAQ climbed 38 points to 4506. 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 a 2-1 margin on the NYSE but by a narrower 8-7 margin on the Nasdaq exchange. There were 8 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 7 on the prior session. The total number of stocks hitting new 52-week lows expanded and again easily outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. The Featured Stocks Page has been trimmed considerably as weakness weighed on prior leaders and the broader market.Charts used courtesy of www.stockcharts.com
 PICTURED: The tech-heavy Nasdaq Composite Index posted a gain with higher volume on Thursday. It has been sputtering near its August 2015 lows following volume-driven losses. Patience and discipline remain paramount. Leadership (defined as stocks hitting new highs) has been elusive even as recent action from the major averages (M criteria) was labeled a new "uptrend" by the newspaper. More distributional pressure from the institutional crowd has added to widespread damage in stocks. Few leaders have bullish patterns and far fewer have managed technical breakouts of late. The major averages rebounded in choppy trading amid higher oil prices and mixed corporate earnings. On the data front, new jobless claims were 278,000 last week, below the 281,000 predicted by analysts. Durable goods orders declined 5.1%, well below consensus expectations of a 0.7% contraction. Finally, pending home sales ticked up 0.1% in December versus projections of a 0.9% increase. Nine out of ten sectors in the S&P 500 advanced on Wednesday. Energy and tech shares paced the gains while healthcare stocks lagged. In earnings, Facebook (FB +15.5%) surged after soundly beating Wall Street earnings and revenue estimates. eBAY (EBAY -12.5%) and Qualcomm (QCOM -8.3%) fell after each company lowered forward guidance. Caterpillar (CAT +4.7%) rose as the company released better-than-expected earnings and forward guidance. Ahead of its report after the bell, Amazon (AMZN +8.9%) rose. Treasuries toggled between gains and losses throughout the session. The benchmark ten-year finished 4/32 higher to yield 1.98%. In commodities, NYMEX WTI spiked 4.2% to a three-week high of $33.64/barrel. COMEX gold was flat at $1115.50/ounce. In FOREX, the dollar is losing ground against the euro and emerging currencies. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX+2.43%) was a standout gainer boosting the major averages higher on Thursday. The Bank Index ($BKX+0.67%) edged higher, but the Broker/Dealer Index ($XBD -1.02%) fell. The Biotechnology Index ($BTK -4.47%) and Networking Index ($NWX -2.74%) created a drag on the tech sector while the Semiconductor Index ($SOX -0.31%) ended the session with a smaller loss. Commodity-linked groups were mixed, with the Oil Services Index ($OSX +2.00%) and Integrated Oil Index ($XOI +2.78%) both tallying solid gains, but the Gold & Silver Index ($XAU -2.07%) fell.Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -4.47%) recently slumped well below its prior lows.
| Oil Services |
$OSX |
140.86 |
+2.76 |
+2.00% |
-10.70% |
| Integrated Oil |
$XOI |
984.51 |
+26.68 |
+2.78% |
-8.22% |
| Semiconductor |
$SOX |
586.85 |
-1.83 |
-0.31% |
-11.55% |
| Networking |
$NWX |
327.53 |
-9.22 |
-2.74% |
-12.88% |
| Broker/Dealer |
$XBD |
147.45 |
-1.52 |
-1.02% |
-17.20% |
| Retail |
$RLX |
1,193.82 |
+28.35 |
+2.43% |
-6.98% |
| Gold & Silver |
$XAU |
44.71 |
-0.95 |
-2.08% |
-1.30% |
| Bank |
$BKX |
62.18 |
+0.41 |
+0.66% |
-14.92% |
| Biotech |
$BTK |
2,866.32 |
-134.25 |
-4.47% |
-24.85% |
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Someone Ignored the Sell Rules? What Next?
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Have you been reminded that all high-ranked leaders eventually fall out of favor? Featured stocks which were dropped and later reviewed, like Ambarella (AMBA) on 9/03/15, and Skyworks (SWKS) on 9/17/15, serve as great educational examples of the investment system's tactics. If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you! Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now!
You can have professional help in limiting your losses and maximizing your gains in all market environments. Consider talking with an expert for personalized help in how your portfolio is managed in 2016 and beyond. Click here and indicate "Find a Broker" to get connected. *Accounts over $250,000 please. **Serious inquires only, please. |
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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***
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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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