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AFTER MARKET UPDATE - MONDAY, FEBRUARY 1ST, 2016
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DOW |
-17.12 |
16,449.18 |
-0.10% |
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Volume |
990,241,990 |
-38% |
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Volume |
1,845,649,090 |
-21% |
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NASDAQ |
+6.42 |
4,620.37 |
+0.14% |
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Advancers |
1,508 |
49% |
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Advancers |
1,436 |
49% |
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S&P 500 |
-0.86 |
1,939.38 |
-0.04% |
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Decliners |
1,556 |
51% |
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Decliners |
1,477 |
51% |
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Russell 2000 |
-2.99 |
1,032.39 |
-0.29% |
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52 Wk Highs |
84 |
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52 Wk Highs |
22 |
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S&P 600 |
-2.11 |
627.84 |
-0.33% |
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52 Wk Lows |
36 |
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52 Wk Lows |
104 |
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Breadth Mixed as Major Averages End Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were little changed on Monday. The Dow fell 17 points to 16449. The S&P 500 ebbed 1 point to 1939. The NASDAQ advanced 6 points at 4620.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. Advancers narrowly trailed decliners on the NYSE and on the Nasdaq exchange. Leadership improved as there were 22 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 20 on the prior session. 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 may see new noteworthy leaders added only as the tone of the market improves.Charts used courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index posted a big +2.48% gain with higher volume on Friday, amounting to a solid follow-through day that helped to reconfirm a new rally. When undercutting its August 2015 lows the benchmark index halted its slide -15% 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 pared early losses after Federal Reserve Vice Chairman
Stanley Fisher said that recent volatility will factor in to the committee’s
forthcoming decisions. International uncertainty continued overnight when a
survey of the Chinese manufacturing sector contracted for a sixth-straight
month. In domestic data, ISM manufacturing for January came in at 48.2, missing
analyst expectations of 48.4. The PCE deflator, which is a proxy for inflation,
fell 0.1% in January whereas consensus projections were for a flat reading.
Seven out of ten sectors in the S&P 500 finished higher on the session.
Telecom and utilities shares paced the gains while energy and financial stocks
underperformed. In corporate news, Twitter (TWTR +6.61%) rose on rumors that Silver
Lake Partners is considering a deal for the company. Health insurer Aetna (AET +1.50%) rose after exceeding consensus earnings estimates. Chipotle (CMG +
4.34%) rose on a report that the CDC will declare the chain E.coli
free.
Treasuries moved lower with the benchmark 10-year note falling 9/32 to yield
1.95%. In commodities, NYMEX WTI is slid 6.3% to $31.52/barrel. COMEX gold added
1.0% to $1127.90/ounce. In FOREX, the Dollar Index lost 0.6% with particular
weakness against the euro. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Semiconductor and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX+0.24%) was a small gainer on Monday, but the major averages suffered as weakness in financials led the Bank Index ($BKX-0.96%) and Broker/Dealer Index ($XBD -0.11%) both lower. The tech sector was mixed as the Networking Index ($NWX -0.35%) edged lower while the Biotechnology Index ($BTK +0.06%) finished flat and the Semiconductor Index ($SOX +0.48%) ended the session with a modest gain. Commodity-linked groups were mixed, with the Oil Services Index ($OSX -2.71%) and Integrated Oil Index ($XOI -1.78%) both slumping, meanwhile the Gold & Silver Index ($XAU +3.05%) rose.Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX-0.96%) is sputtering after recently slumping well below its prior lows.
| Oil Services |
$OSX |
144.04 |
-4.01 |
-2.71% |
-8.68% |
| Integrated Oil |
$XOI |
994.11 |
-17.98 |
-1.78% |
-7.33% |
| Semiconductor |
$SOX |
616.60 |
+2.92 |
+0.48% |
-7.07% |
| Networking |
$NWX |
336.51 |
-1.17 |
-0.35% |
-10.49% |
| Broker/Dealer |
$XBD |
150.75 |
-0.16 |
-0.11% |
-15.35% |
| Retail |
$RLX |
1,193.38 |
+2.80 |
+0.24% |
-7.02% |
| Gold & Silver |
$XAU |
47.36 |
+1.40 |
+3.05% |
+4.55% |
| Bank |
$BKX |
63.25 |
-0.61 |
-0.96% |
-13.45% |
| Biotech |
$BTK |
2,900.61 |
+1.87 |
+0.06% |
-23.95% |
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Get Back In on the Right Foot
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
To receive more details 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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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