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AFTER MARKET UPDATE - THURSDAY, FEBRUARY 4TH, 2016
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DOW |
+79.92 |
16,416.58 |
+0.49% |
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Volume |
1,169,768,700 |
+1% |
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Volume |
2,011,738,290 |
-11% |
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NASDAQ |
+5.32 |
4,509.56 |
+0.12% |
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Advancers |
1,955 |
64% |
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Advancers |
1,790 |
60% |
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S&P 500 |
+2.92 |
1,915.45 |
+0.15% |
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Decliners |
1,091 |
36% |
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Decliners |
1,194 |
40% |
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Russell 2000 |
+4.49 |
1,014.79 |
+0.44% |
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52 Wk Highs |
54 |
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52 Wk Highs |
15 |
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S&P 600 |
+3.09 |
619.78 |
+0.50% |
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52 Wk Lows |
68 |
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52 Wk Lows |
86 |
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Breadth Positive but Leadership Waned as Indices Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished slightly higher on Thursday. The Dow was up 79 points to 16416. The S&P 500 added 2 points to 1915. The NASDAQ advanced 5 points at 4509. Volume totals were near the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly a 2-1 margin on the NYSE but by a narrower 3-2 margin on the Nasdaq exchange. There were 5 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 16 on the prior session. The total number of new 52-week lows again outnumbered new highs on the NYSE and on the Nasdaq exchange. The Featured Stocks Page includes new noteworthy leaders only as the tone of the market dictates.Charts used courtesy of www.stockcharts.com
 PICTURED: The S&P 400 Mid Cap Index has been making gradual progress from January lows after slumping -21.5% off its record May '15 high. 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 toggled between gains and losses with oil prices while U.S. economic news disappointed. On the data front, the January Challenger release showed that layoffs hit a six-month high. Initial jobless claims came in at 285,000 last week, above the 278,000 analysts were expecting. Factory orders declined by 2.9% in December while durable goods orders ticked 5% lower.
Six out of ten sectors in the S&P 500 finished lower on Thursday. Consumer stocks led the losses while materials outperformed. Monsanto (MON +6.50%) and Freeport-McMoRan (FCX +17.94%) led the gains in materials. Money center banks assisted the larger rebound effort in the financial sector, as JP Morgan Chase (JPM +1.72%) and Wells Fargo (WFC +1.37%) both outperformed. Elsewhere, MetLife (MET -5.24%) underperformed the broader sector after missing analyst expectations.
In earnings, oil giant ConocoPhillips (COP -8.57%) on posting a wider-than-expected loss and cutting 2016 capital spending. Weatherford (WFT +17.86%) surged after reporting a smaller-than-expected earnings decline. In the consumer discretionary space, retailers were weak as L Brands (LB -6.93%) fell after reporting that it missed its January estimates. Kohl's (KSS -18.80%) plunged after the company reported that sales were volatile in Q4 and that January was particularly soft
Treasuries climbed higher with the benchmark 10-year note adding 8/32 to yield 1.86%. In commodities, NYMEX WTI fell another 1.7% to $31.74/barrel in turbulent trading. COMEX gold gained 1.4% to $1157.60/ounce. In FOREX, the Dollar index slid another 0.7% after the sharpest loss in seven years on Wednesday. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Financial, Semiconductor and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were a positive influence as the Broker/Dealer Index ($XBD +1.58%) and the Bank Index ($BKX+1.38%) rose. The Retail Index ($RLX-0.87%) fell. The tech sector was led by the Networking Index ($NWX +1.36%), and the Semiconductor Index ($SOX +1.78%) while the Biotechnology Index ($BTK +0.06%) finished flat. The Gold & Silver Index ($XAU +5.21%) again was a standout gainer and the Oil Services Index ($OSX +2.94%) also rose, but the Integrated Oil Index ($XOI -0.24%) edged lower.Charts courtesy www.stockcharts.com
![]()  PICTURED: The Integrated Oil Index ($XOI -0.24%) is consolidating below its prior lows and beneath its 50-day moving average (DMA).
| Oil Services |
$OSX |
144.05 |
+4.12 |
+2.94% |
-8.67% |
| Integrated Oil |
$XOI |
985.67 |
-2.35 |
-0.24% |
-8.11% |
| Semiconductor |
$SOX |
607.72 |
+10.61 |
+1.78% |
-8.40% |
| Networking |
$NWX |
332.39 |
+4.44 |
+1.36% |
-11.58% |
| Broker/Dealer |
$XBD |
147.20 |
+2.29 |
+1.58% |
-17.35% |
| Retail |
$RLX |
1,137.93 |
-9.96 |
-0.80% |
-9.41% |
| Gold & Silver |
$XAU |
52.62 |
+2.60 |
+5.20% |
+16.16% |
| Bank |
$BKX |
62.17 |
+1.38 |
+1.38% |
-14.79% |
| Biotech |
$BTK |
2,800.83 |
+1.75 |
+0.06% |
-26.56% |
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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,
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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