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AFTER MARKET UPDATE - THURSDAY, FEBRUARY 2ND, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
-6.03 |
19,884.91 |
-0.03% |
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Volume |
1,035,631,380 |
+2% |
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Volume |
1,874,920,440 |
-8% |
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NASDAQ |
-6.45 |
5,636.20 |
-0.11% |
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Advancers |
1,593 |
55% |
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Advancers |
1,347 |
48% |
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S&P 500 |
+1.30 |
2,280.85 |
+0.06% |
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Decliners |
1,287 |
45% |
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Decliners |
1,478 |
52% |
|
Russell 2000 |
-3.80 |
1,357.43 |
-0.28% |
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52 Wk Highs |
110 |
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52 Wk Highs |
91 |
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S&P 600 |
-4.26 |
828.22 |
-0.51% |
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52 Wk Lows |
19 |
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52 Wk Lows |
23 |
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Major Indices Sputter With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Thursday. The Dow was down 6 points to 19884. The S&P 500 added 1 point to 2280 and the Nasdaq Composite lost 6 points to 5636. Volume totals were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers led decliners by almost a 4-3 margin the NYSE, but decliners narrowly outnumbered advancers on the Nasdaq exchange. Leadership thinned as there were 21 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 47 on the prior session. New 52-week highs totals contracted yet still solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 600 Small Cap Index recently slumped below its 50-day moving average (DMA) line.
Leadership remains healthy as the major averages' (M criteria) have maintained an upward trend. 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 fluctuated in a choppy session as investors await tomorrow’s non-farm labor report. Economists are expecting Friday’s jobs report to show 180,000 workers were added to the workforce in January. On the data front, initial jobless claims came in at 246,000, below the expected 250,000. Overseas, the Bank of England kept its main interest rate unchanged while revising up its growth forecasts for the U.K. economy.
Six of 11 sectors in the S&P 500 ended in positive territory. Telecom stocks underperformed with AT&T (T -2.09%) slumping. Financials finished lower with MetLife (MET -5.27%) losing after missing estimates on the top and bottom line. In the consumer space, Ralph Lauren (RL -12.32%) gapped down to new lows not seen since 2010 amid reports CEO Stefan Larsson will be leaving the firm. Costco (COST +3.89%) rose after comparable-store sales increased 7% in January. In Technology, Facebook (FB -1.79%) fell despite the social media giant posting better-than-expected quarterly results. On the M&A front, Mead Johnson Nutrition (MJN +21.41%) rallied amid takeover speculation.
Treasuries finished mixed with the benchmark 10-year note down 2/32 to yield 2.47%. In commodities, NYMEX WTI crude slipped 0.4% to $53.65/barrel. COMEX gold gained 0.8% to $1214.70/ounce. In FOREX, the Dollar Index advanced 0.2%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Integrated Oil, and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.97%) and Bank Index ($BKX -0.65%) both fell on Thursday while the Retail Index ($RLX +0.30%) edged higher. The tech sector was led higher by the Networking Index ($NWX +0.57%) while the Semiconductor Index ($SOX -0.11%) and Biotechnology Index ($BTK -0.21%) both edged lower. The Gold & Silver Index ($XAU +1.48%) outpaced the Integrated Oil Index ($XOI +0.32%). Charts courtesy www.stockcharts.com
 PICTURED: The Oil Services Index ($OSX -0.67%) slumped below its 50-day moving average (DMA) line recently.
| Oil Services |
$OSX |
179.15 |
-1.22 |
-0.68% |
-2.52% |
| Integrated Oil |
$XOI |
1,228.80 |
+3.93 |
+0.32% |
-3.09% |
| Semiconductor |
$SOX |
959.08 |
-1.03 |
-0.11% |
+5.80% |
| Networking |
$NWX |
452.44 |
+2.35 |
+0.52% |
+1.42% |
| Broker/Dealer |
$XBD |
214.75 |
-2.10 |
-0.97% |
+4.61% |
| Retail |
$RLX |
1,392.95 |
+4.14 |
+0.30% |
+3.72% |
| Gold & Silver |
$XAU |
93.11 |
+1.36 |
+1.48% |
+18.07% |
| Bank |
$BKX |
91.10 |
-0.59 |
-0.64% |
-0.75% |
| Biotech |
$BTK |
3,263.99 |
-6.83 |
-0.21% |
+6.15% |
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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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
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$103.44
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-0.62
-0.60% |
$104.49
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331,679
46.52% of 50 DAV
50 DAV is 713,000
|
$108.45
-4.62%
|
1/24/2017
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$100.52
|
PP = $108.45
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MB = $113.87
|
Most Recent Note - 1/30/2017 1:24:56 PM
Y - Rallied recently from support at its 50 DMA line ($100.43). It was highlighted in yellow in the 1/24/17 mid-day report as a new pivot point was cited based on its 12/07/16 high plus 10 cents (read here). Subsequent volume-driven gains for new highs are still needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Rose From Support at 50-Day Moving Average Line - 1/24/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$24.07
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-0.14
-0.58% |
$24.20
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181,373
60.66% of 50 DAV
50 DAV is 299,000
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$26.30
-8.48%
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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 - 2/2/2017 6:00:09 PM
G - Slumped below its 50 DMA line and prior lows raising concerns with 5 consecutive losses. A prompt rebound above the 50 DMA line ($24.50) is needed to help its outlook improve. Completed a new Public Offering of shares on 1/10/17.
>>> FEATURED STOCK ARTICLE : Bank Stock Perched Near Record Highs After Considerable Rally - 1/4/2017 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.30
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-0.75
-3.74% |
$20.35
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27,774
33.46% of 50 DAV
50 DAV is 83,000
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$23.00
-16.09%
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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 - 2/2/2017 5:56:17 PM
G - Slumped back below its 50 DMA line again today raising concerns. Prior low ($18.05 on 1/18/17) defines important support near prior highs.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Line and Now Testing Prior Highs - 1/19/2017 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$51.22
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-0.33
-0.64% |
$51.66
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1,965,823
151.22% of 50 DAV
50 DAV is 1,300,000
|
$52.97
-3.30%
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11/30/2016
|
$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 1/30/2017 1:29:03 PM
G - Pulling back from all-time highs with today's 4th consecutive loss. Insider buying reported in recent weeks is a reassuring sign. Its 50 DMA line ($49.72) defines support to watch above recent lows in the $48.50 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
|
$77.70
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+0.05
0.06% |
$77.85
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921,180
225.78% of 50 DAV
50 DAV is 408,000
|
$80.20
-3.12%
|
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 - 2/2/2017 11:40:22 AM
G - Hit another new high on the prior session, getting extended from its prior base. Reported Dec '16 quarterly earnings +17% on +9% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Color code was changed to green.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$55.76
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+1.20
2.20% |
$55.84
|
136,349
83.14% of 50 DAV
50 DAV is 164,000
|
$55.00
1.38%
|
9/29/2016
|
$46.12
|
PP = $47.82
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|
MB = $50.21
|
Most Recent Note - 1/31/2017 5:00:01 PM
G - Hovering in a tight range perched at all-time highs with near-term support at its 50 DMA line ($50). 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."
>>> FEATURED STOCK ARTICLE : Slump Below "Max Buy" Level But Fundamental Concerns Were Raised - 1/6/2017 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$22.62
|
-0.25
-1.09% |
$23.00
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104,603
87.17% of 50 DAV
50 DAV is 120,000
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$27.04
-16.34%
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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
|
Most Recent Note - 1/30/2017 1:26:40 PM
G - Quietly slumping further below its 50 DMA line today. A rebound above its 50 DMA line ($23.97) is needed for its outlook to improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Concerns Increase While Lingering Below 50-Day Moving Average - 1/27/2017 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$23.35
|
+0.25
1.08% |
$23.55
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318,137
115.27% of 50 DAV
50 DAV is 276,000
|
$24.10
-3.11%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 1/31/2017 4:55:09 PM
G - Color code is changed to green after rallying above the previously cited "max buy" level. Prior highs in the $21-22 area and its 50 DMA line define important near-term support to watch. 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
|
$81.20
|
-0.85
-1.04% |
$82.05
|
78,276
64.69% of 50 DAV
50 DAV is 121,000
|
$83.50
-2.75%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/31/2017 5:55:29 PM
G - Still perched near all-time highs, extended from its prior base. Its 50 DMA line ($75.94) defines support to watch above prior highs. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Extended From Prior Base - 1/31/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$35.11
|
-0.55
-1.54% |
$36.07
|
706,263
104.17% of 50 DAV
50 DAV is 678,000
|
$36.00
-2.47%
|
1/25/2017
|
$34.09
|
PP = $34.04
|
|
MB = $35.74
|
Most Recent Note - 1/30/2017 1:21:05 PM
Y - Touched a new high with today's early gain approaching its "max buy" level. Gain with +107% above average volume on 1/25/17 triggered a technical buy signal. Its 50 DMA line and recent lows define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Twice Average Volume Behind Big Breakout Gain - 1/25/2017 |
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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 |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$94.88
|
+0.60
0.64% |
$95.64
|
588,854
76.57% of 50 DAV
50 DAV is 769,000
|
$103.00
-7.88%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
|
MB = $103.95
|
Most Recent Note - 1/30/2017 1:16:51 PM
G - Met resistance at its 50 DMA line when rebounding after a damaging gap down on 1/17/17 triggering a technical sell signal. A rebound above its 50 DMA line ($95.18) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Technical Damages Raised Concern and Triggered Technical Sell Signal - 1/18/2017 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$27.61
|
-0.12
-0.43% |
$28.10
|
91,065
105.89% of 50 DAV
50 DAV is 86,000
|
$28.61
-3.50%
|
1/23/2017
|
$27.30
|
PP = $27.87
|
|
MB = $29.26
|
Most Recent Note - 1/31/2017 4:58:37 PM
Y - Consolidating since its 1/25/17 gain with +38% above average volume, failing to follow through or convincingly break out from a short flat base. Members were previously reminded - "A gain above the pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal. Reported Dec '16 quarterly earnings +17% on +26% sales revenues, below the +25% minimum guideline (C criteria) for buy candidates, raising fundamental concerns. Completed a new Public Offering on 12/15/16 See the latest FSU analysis for more details and an annotated graph."
>>> FEATURED STOCK ARTICLE : Challenged Highs But Ended in Bottom Third of Intra-day Range - 1/23/2017 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$39.56
|
-0.53
-1.32% |
$39.92
|
99,939
37.57% of 50 DAV
50 DAV is 266,000
|
$41.16
-3.89%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 1/31/2017 9:59:11 AM
G - Hitting new all-time highs with today's big early gain. Reported earnings +8% on +20% sales revenues for the Dec '16 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns. Recent low and its 50 DMA line define important near-term support in the $36 area where subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near Highs - 1/12/2017 |
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C
A
S
I |
LCII
-
NYSE
L C I Industries
MATERIALS and CONSTRUCTION - General Building Materials
|
$108.00
|
-0.35
-0.32% |
$108.50
|
119,412
66.71% of 50 DAV
50 DAV is 179,000
|
$117.15
-7.81%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 1/30/2017 5:44:54 PM
G - Encountering distributional pressure. Subsequent losses violating its 50 DMA line ($108) and prior lows may trigger technical sell signals. Mostly bullish action has followed since Drew Industries (DW) announced a new name LCI Industries (LCII). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Distributional Action While Retreating From Highs - 1/30/2017 |
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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,
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