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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 12TH, 2016
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DOW |
+313.66 |
15,973.84 |
+2.00% |
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Volume |
1,129,459,160 |
-14% |
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Volume |
1,811,732,860 |
-31% |
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NASDAQ |
+70.67 |
4,337.51 |
+1.66% |
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Advancers |
2,465 |
80% |
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Advancers |
2,311 |
77% |
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S&P 500 |
+35.70 |
1,864.78 |
+1.95% |
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Decliners |
630 |
20% |
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Decliners |
682 |
23% |
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Russell 2000 |
+18.27 |
971.99 |
+1.92% |
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52 Wk Highs |
23 |
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52 Wk Highs |
10 |
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S&P 600 |
+10.26 |
598.52 |
+1.74% |
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52 Wk Lows |
139 |
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52 Wk Lows |
140 |
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Indices Bounced Back for Gains With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow lost 1.4%, the S&P 500 fell 0.8% and the Nasdaq was off 0.6%. Stocks rebounded on Friday. The Dow was up 313 points to 15973. The S&P 500 rose 35 points to 1864. The Nasdaq Composite advanced 70 points to 4337. Volume was reported lighter on the NYSE and on the Nasdaq exchange, a sign of lackluster buying coming from large institutional investors. Breadth was positive as advancers led decliners by nearly 4-1 on the NYSE and more than 3-1 on the Nasdaq exchange. Leadership remained thin as there were only 3 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus a total of 2 on the prior session. The total number of new 52-week lows still 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 Dow Jones Industrial Average has been sputtering above prior lows. 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 snapped a five- day retreat amid a surge in oil prices.
Financials led the charge, with JPMorgan (JPM +8.33%) climbing after CEO Jamie
Dimon said he bought $26 million worth of shares in the bank. AIG (AIG +4.91%) rose after boosting its quarterly dividend and share buyback program.
On the data front, retail sales rose 0.2% in January, better than the 0.1%
consensus estimate. Core retail sales were a bright spot, up 0.6% following an
unrevised 0.3% decline in December. A preliminary survey from the University of
Michigan revealed consumer sentiment unexpectedly declined in February.
In addition to financials, the market got a boost from gains by energy and
materials stocks while the Utilities sector underperformed. Exxon (XOM +1.80%) and Chevron (CVX +2.94%) were both up as oil bounced back from
12-year lows. Freeport-McMoRan (FCX +13.09%) jumped to lead materials.
Treasuries were lower with the 10-year note slipping 22/32 to yield 1.74%. In
commodities, NYMEX WTI crude surged 10.6% to $29.00/barrel amid speculation that
oil producers could cooperate to reduce output. COMEX gold was down 0.7% to
$1239.10/ounce.
The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked, Tech, Retail, and Financial Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials rebounded and boosted the market on Friday as the Bank Index ($BKX+5.36%) outpaced the Broker/Dealer Index ($XBD +1.16%). The Retail Index ($RLX+1.68%) also had a positive influence on the major averages. The tech sector was saw solid gains from the Biotechnology Index ($BTK +4.09%) and Semiconductor Index ($SOX +2.27%), followed by the Networking Index ($NWX +0.93%). Commodity-linked groups rose as the Gold & Silver Index ($XAU +3.21%), Oil Services Index ($OSX +3.15%), and the Integrated Oil Index ($XOI +3.51%) each posted a greater than +3% gain.Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.16%) suffered big losses this week while slumping to multi-year lows.
| Oil Services |
$OSX |
133.63 |
+4.08 |
+3.15% |
-15.28% |
| Integrated Oil |
$XOI |
952.70 |
+32.26 |
+3.51% |
-11.19% |
| Semiconductor |
$SOX |
571.90 |
+12.72 |
+2.27% |
-13.80% |
| Networking |
$NWX |
315.71 |
+2.91 |
+0.93% |
-16.02% |
| Broker/Dealer |
$XBD |
138.93 |
+1.59 |
+1.16% |
-21.99% |
| Retail |
$RLX |
1,101.55 |
+18.19 |
+1.68% |
-14.17% |
| Gold & Silver |
$XAU |
60.64 |
+1.88 |
+3.20% |
+33.86% |
| Bank |
$BKX |
59.54 |
+3.03 |
+5.36% |
-18.53% |
| Biotech |
$BTK |
2,750.71 |
+108.18 |
+4.09% |
-27.88% |
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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***
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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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