You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - FRIDAY, JANUARY 29TH, 2016
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
+396.66 |
16,466.30 |
+2.47% |
|
Volume |
1,600,549,670 |
+50% |
|
Volume |
2,328,118,670 |
+9% |
|
NASDAQ |
+107.27 |
4,613.95 |
+2.38% |
|
Advancers |
2,796 |
89% |
|
Advancers |
2,460 |
81% |
|
S&P 500 |
+46.88 |
1,940.24 |
+2.48% |
|
Decliners |
342 |
11% |
|
Decliners |
590 |
19% |
|
Russell 2000 |
+32.11 |
1,035.38 |
+3.20% |
|
52 Wk Highs |
68 |
|
|
52 Wk Highs |
30 |
|
|
S&P 600 |
+19.44 |
629.95 |
+3.18% |
|
52 Wk Lows |
35 |
|
|
52 Wk Lows |
105 |
|
|
 |
Leadership Improves Behind Major Averages in a New Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow gained 2.3%, the S&P 500 was up 1.7% and the NASDAQ climbed 0.5%. Stocks jumped higher on Friday. The Dow was up 396 points to 16466. The S&P 500 climbed 46 points to 1940. The Nasdaq Composite gained 107 points at 4613. Volume totals were much higher than the prior session totals on the NYSE and higher on the Nasdaq exchange, indicating a reassuring increase in institutional buying demand. Breadth was solidly positive as advancers led decliners by more than an 8-1 margin on the NYSE and by a 4-1 margin on the Nasdaq exchange. Leadership improved as there were 20 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 8 on the prior session. For the first time since January 5th new 52-week highs outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. The Featured Stocks Page also saw another noteworthy leader return to the list as the tone of the market improved.Charts used courtesy of www.stockcharts.com
 PICTURED: The Dow Jones Industrial Average posted a big +2.47% gain with higher volume on Friday, amounting to a solid follow-through day that helped to reconfirm a new rally. Just above its August 2015 lows the Blue Chip index halted its slide after slumping -15.8% from the record high hit in May. Few leaders have bullish patterns or have managed technical breakouts of late. Patience and strict discipline remain paramount. Leadership (defined as stocks hitting new highs) improved meaningfully on Friday, a reassuring sign after recent action from the major averages (M criteria) was labeled a new "confirmed uptrend" by the newspaper. The major averages closed out a disappointing January on a high note after
more accommodative central bank action. The Bank of Japan adopted a negative
interest rate overnight, boosting global stocks and bonds. On the U.S. data
front, GDP grew at a 0.7% annualized rate in the final quarter of 2015, slightly
below the consensus estimate of 0.8% and down from 2.0% in the previous
three-month period. In a separate release, The University of Michigan’s January
sentiment reading was revised down to 92.0 from 93.3.
In earnings, Microsoft (MSFT +5.8%) rose after surpassing Wall Street
profit and revenue projections. Amazon (AMZN -7.6%) fell after missing
fourth-quarter earnings projections by more than 30%. Electronic Arts (EA -7.5%) fell on disappointing forward guidance. Chevron (CVX +0.6%) edged higher despite posting its first quarterly loss since 2002.
All 10 sectors in the S&P 500 gained at least 1% on the session. Tech and
materials stocks paced the gains along while financial shares. Treasuries also finished well higher on Friday. The 10-year note added 15/32
to yield 1.92%. In commodities, NYMEX crude advanced 1.1% to $33.55/barrel.
COMEX gold is was flat at $1116.40/ounce. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
|
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Commodity, Tech, and Financial Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX+2.70%) and the Broker/Dealer Index ($XBD +2.35%) both rose on Friday, but the Retail Index ($RLX-0.27%) edged lower. The Semiconductor Index ($SOX +4.57%) and Networking Index ($NWX +3.10%) led the tech sector while the Biotechnology Index ($BTK +1.13%) posted a smaller gain. Commodity-linked groups were up, with the Oil Services Index ($OSX +5.10%), Integrated Oil Index ($XOI +2.80%), and the Gold & Silver Index ($XAU +2.79%) each tallying a solid gain.Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX +5.10%) has been rebounding following a deep slump below last year's lows.
| Oil Services |
$OSX |
148.05 |
+7.19 |
+5.10% |
-6.14% |
| Integrated Oil |
$XOI |
1,012.09 |
+27.58 |
+2.80% |
-5.65% |
| Semiconductor |
$SOX |
613.68 |
+26.83 |
+4.57% |
-7.51% |
| Networking |
$NWX |
337.68 |
+10.15 |
+3.10% |
-10.17% |
| Broker/Dealer |
$XBD |
150.92 |
+3.47 |
+2.35% |
-15.26% |
| Retail |
$RLX |
1,190.58 |
-3.24 |
-0.27% |
-7.24% |
| Gold & Silver |
$XAU |
45.96 |
+1.25 |
+2.80% |
+1.46% |
| Bank |
$BKX |
63.86 |
+1.68 |
+2.70% |
-12.62% |
| Biotech |
$BTK |
2,898.73 |
+32.42 |
+1.13% |
-24.00% |
|
|
|
 |
Gap Up Gain Nearly Challenging Prior Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Sanfilippo John B & Son (JBSS +$7.44 or +14.16% to $59.99) was highlighted in yellow with new pivot point cited based on its 11/02/15 high plus 10 cents in the earlier mid-day report (read here). It gapped up today, rebounding from below its 200-day moving average (DMA) line to nearly challenge its 52-week high. It faces some near-term resistance due to overhead supply up through the $66 level. The considerable gain was encouraging, however disciplined investors will note that a gain into new high territory backed by at least +40% above average volume and strong finish above the pivot point is needed to trigger a proper technical buy signal. Reported earnings +43% on +11% sales revenues for the Dec '15 quarter and fundamentals (C and A criteria) remain strong. JBSS was dropped from the Featured Stocks list on 12/21/15, yet strong earnings coupled with the rebound above the 50 DMA line helped its outlook to improve. It was last shown in this FSU section with an annotated graph on 12/17/15 under the headline, "Still Faltering Below 50-Day Moving Average Line". The Food - Misc Preparation firm processes and markets various nuts. JBSS reported earnings +34% on +10% sales revenues for the Sep '15 quarter, its 3rd consecutive earnings comparison (C criteria) above the +25% minimum guideline. Earnings rose +73% in the Mar '15 quarter and +27% in the Jun '15 quarter versus the year ago periods. Its annual earnings (A criteria) history has been strong after a downturn in FY '11. It has a Timeliness Rating of B and a Sponsorship Rating of C. Its small supply of only 8.3 million shares (S criteria) in the float may contribute to greater price volatility. The number of top-rated funds owning its shares rose from 200 in Dec '14 to 261 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. Charts courtesy www.stockcharts.com
 |
|
|
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***
|
|
|
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
at any time. Questions or comments may be submitted
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.
|
|
|
