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AFTER MARKET UPDATE - THURSDAY, FEBRUARY 11TH, 2016
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DOW |
-254.56 |
15,660.18 |
-1.60% |
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Volume |
1,318,264,300 |
+26% |
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Volume |
2,620,157,370 |
+16% |
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NASDAQ |
-16.75 |
4,266.84 |
-0.39% |
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Advancers |
572 |
18% |
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Advancers |
879 |
29% |
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S&P 500 |
-22.78 |
1,829.08 |
-1.23% |
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Decliners |
2,553 |
82% |
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Decliners |
2,200 |
71% |
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Russell 2000 |
-9.77 |
953.72 |
-1.01% |
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52 Wk Highs |
35 |
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52 Wk Highs |
7 |
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S&P 600 |
-7.01 |
588.26 |
-1.18% |
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52 Wk Lows |
698 |
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52 Wk Lows |
477 |
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Major Averages Fall Under Heavier Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Thursday. The Dow was off 254 points to 15660. The S&P 500 lost 22 points to 1829. The NASDAQ was off 16 points at 4266. Volume was reported higher on the NYSE and on the Nasdaq exchange, a sign of increasing selling pressure coming from large institutional investors. Breadth was negative as decliners led advancers by nearly 5-1 on the NYSE and nearly 3-1 on the Nasdaq exchange. Leadership remained thin as there were only 2 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from a total of 7 on the prior session. The total number of new 52-week lows expanded again and easily 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 500 Index fell to a new low close with its 5th consecutive loss, finishing -10.3% year-to-date. Patience and strict discipline remain paramount. Any sustained rally requires a healthy crop of leaders (defined as stocks hitting new highs), however, few leaders have bullish chart patterns and the few isolated technical breakouts of late have been quickly negated. Recent action from the major averages (M criteria) has signaled a deeper correction with the characteristics of a more serious "Bear Market" environment. The major averages tempered sharp losses after reports that OPEC was ready to cooperate on possible oil production cuts. In Fed news, Chair Janet Yellen indicated to Congress that the central bank may take another look at negative interest rates if economic conditions deteriorate. On the data front, initial jobless claims fell to 269,000, below the 280,000 predicted by analysts and the 285,000 reported last week. In corporate news, Boeing (BA -6.8%) tumbled on reports of an SEC investigation into accounting practices. Tesla (TSLA +4.7%) rose after the automaker meaningfully raised forward guidance and said it expected to be profitable this year. Mylan (MYL -18.1%) fell after revenue came in 8% below Wall Street consensus. Cisco (CSCO +9.6%) rallied after exceeding analyst earnings projections. All ten sectors in the S&P 500 finished lower on Thursday. Financials and materials led the losses while consumer discretionary shares outperformed. Treasuries advanced but finished off their best levels. The benchmark 10-year note added 9/32 to yield 1.64%. In commodities, NYMEX WTI was off 0.6% to $27.25/barrel after rallying back on the OPEC news. COMEX gold gained another 4% to $1242.00/ounce. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financials Fall and Gold & Silver Index Posts Standout Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials created a drag on the market as the Bank Index ($BKX-4.18%) outpaced the Broker/Dealer Index ($XBD -1.92%) to the downside. The Retail Index ($RLX+0.36%) had a positive influence on the major averages. The tech sector was mixed as the Networking Index ($NWX +0.34%) posted a small gain, but the Biotechnology Index ($BTK -0.89%) and Semiconductor Index ($SOX -0.79%) both ended lower. The Gold & Silver Index ($XAU +6.06%) was a standout gainer, but the Oil Services Index ($OSX -0.58%) and the Integrated Oil Index ($XOI -0.75%) ended lower.Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX-4.18%) suffered a big loss while slumping to multi-year lows.
| Oil Services |
$OSX |
129.55 |
-0.76 |
-0.58% |
-17.87% |
| Integrated Oil |
$XOI |
920.43 |
-6.91 |
-0.75% |
-14.20% |
| Semiconductor |
$SOX |
559.18 |
-4.47 |
-0.79% |
-15.72% |
| Networking |
$NWX |
312.80 |
+1.06 |
+0.34% |
-16.79% |
| Broker/Dealer |
$XBD |
137.34 |
-2.69 |
-1.92% |
-22.88% |
| Retail |
$RLX |
1,083.36 |
+3.85 |
+0.36% |
-15.53% |
| Gold & Silver |
$XAU |
58.76 |
+3.36 |
+6.06% |
+29.71% |
| Bank |
$BKX |
56.51 |
-2.46 |
-4.18% |
-23.43% |
| Biotech |
$BTK |
2,642.53 |
-23.85 |
-0.89% |
-30.71% |
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When You Get Back In Do It 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***
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 |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$61.23
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-0.22
-0.36% |
$61.54
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103,737
129.67% of 50 DAV
50 DAV is 80,000
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$66.29
-7.63%
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1/29/2016
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$62.25
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PP = $66.39
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MB = $69.71
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Most Recent Note - 2/11/2016 4:33:47 PM
Y - Stubbornly holding its ground within striking distance of its 52-week high. Highlighted in yellow with new pivot point cited based on its 11/02/15 high plus 10 cents in the 1/29/16 mid-day report (read here). The Special Dividend effective 11/30/15 impacted price history shown on some chart sources. Faces some resistance due to overhead supply up through the $66 level.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Nearly Challenging Prior Highs - 1/29/2016 |
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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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