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AFTER MARKET UPDATE - MONDAY, FEBRUARY 13TH, 2017
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Indices NYSE Nasdaq
DOW  +142.79 20,412.16 +0.70% Volume 947,441,590 +2% Volume 1,650,747,390 -3%
NASDAQ +29.83 5,763.96 +0.52% Advancers 1,768 60% Advancers 1,650 58%
S&P 500 +12.15 2,328.25 +0.52% Decliners 1,165 40% Decliners 1,178 42%
Russell 2000 +3.53 1,392.38 +0.25% 52 Wk Highs 258   52 Wk Highs 292  
S&P 600 +1.82 851.46 +0.21% 52 Wk Lows 5   52 Wk Lows 22  

Indices' Rally Into Record High Territory Continues

Stocks kept their upward trajectory Monday. The Dow was up 142 points to 20412. The S&P 500 added 12 points to 2328 and the Nasdaq Composite gained 29 points to 5763. Volume totals were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin the NYSE and 4-3 on the Nasdaq exchange. There were 76 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 59 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com


PICTURED: The S&P 500 Index rallied for a new record high with its 8th gain in the span of 9 sessions. It stayed well above near-term support at its 50-day moving average (DMA) line during the recent consolidation

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.  ThFeatured Stocks Page lists noteworthy high-ranked leaders.

The post-election rally continued Monday with the S&P 500 reaching $20 trillion in market cap for the first time ever. Equities also experienced widespread gains overseas as the MSCI Emerging Markets index climbing at the highest level since 2015.

Ten out of 11 sectors in the S&P 500 finished in positive territory. Financials in the index added more than 1% while Industrials and Materials also outperformed. On the earnings front, Teva Pharmaceuticals (TEVA +5.62%) shares advanced after posting quarterly results above Wall Street consensus. ON Semiconductor (ON +5.66%) rallied as sales came in 4% ahead of analyst expectations. Chemours (CC +14.26%) rose on news the company is settling a pending lawsuit. Telecom was the lone sector in the red with Verizon (VZ -0.88%) fell after announcing it will offer unlimited data plans for the first time since 2011.

Treasuries are declining with the benchmark 10-year note down 06/32 to yield 2.43% amid reports that foreign owners are divesting of U.S. Treasuries. In commodities, NYMEX WTI crude slid 1.0% to $52.88/barrel. COMEX gold lost 0.8% to $1224.40/ounce. In FOREX, the dollar finished higher against the yen and euro.

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.


Financial and Tech Indexes Rose

The Broker/Dealer Index ($XBD +1.01%) and the Bank Index ($BKX +1.16%) rose and underpinned the major indices' advance on Monday. The Retail Index ($RLX -0.03%) finished flat. The tech sector had a positive bias and was led by the Biotechnology Index ($BTK +0.78%) while the Networking Index ($NWX +0.48%) and the Semiconductor Index ($SOX +0.28%) both ended slightly higher. The Oil Services Index ($OSX +0.17%) inched higher, but the Integrated Oil Index ($XOI -0.32%) and the Gold & Silver Index ($XAU -0.95%) both lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -0.95%) is consolidating above its 200-day and 50-day moving average (DMA) lines.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  180.53 +0.31 +0.17% -1.77%
Integrated Oil $XOI  1,229.08 -3.99 -0.32% -3.07%
Semiconductor $SOX  965.70 +2.65 +0.28% +6.53%
Networking $NWX  462.11 +2.20 +0.48% +3.59%
Broker/Dealer $XBD  223.88 +2.24 +1.01% +9.06%
Retail $RLX  1,413.02 -0.41 -0.03% +5.22%
Gold & Silver $XAU  94.51 -0.91 -0.95% +19.85%
Bank $BKX  94.21 +1.08 +1.16% +2.64%
Biotech $BTK  3,363.20 +26.17 +0.78% +9.37%


Gap Up Gain and Strong Finish Triggered Technical Buy Signal

Seacoast Banking Corp Fl (SBCF +$1.17 or +5.08% to $25.13) was highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents in the earlier mid-day report (read here). It quietly touched a new 52-week high on the prior session then gapped up today. Its solid gain backed by +234% above average volume clinched a technical buy signal.

The banking firm reported Dec '16 earnings +58% on +27% sales revenues, marking its 3rd consecutive strong earnings increase above the +25% minimum guideline (C criteria) coupled with strong sales revenues increases. Annual earnings (A criteria) have improved since a downturn and loss in FY '12.

It has earned a Timeliness Rating of A and a Sponsorship Rating of B. The number of top-rated funds owning its shares rose from 161 in Mar '16 to 188 in Dec '16, a reassuring sign concerning the I criteria. It current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation for the past 50 days. Its small supply of only 38 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Charts used courtesy of www.stockcharts.com
x

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  
$108.86 -0.23
-0.21%

$109.91

519,327
86.84% of 50 DAV
50 DAV is 598,000
$111.40
-2.28%
1/24/2017 $100.52 PP = $108.45
MB = $113.87
Most Recent Note - 2/13/2017 5:47:38 PM
Y - Perched near record highs, stubbornly holding its ground with volume totals cooling. Gapped up on 2/08/17 and rallied above its pivot point with a gain backed by very near the +40% above average volume needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Rose From Support at 50-Day Moving Average Line - 1/24/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SBCF - NASDAQ
Seacoast Banking Corp Fl
BANKING - Regional - Mid-Atlantic Banks  
$24.18 +1.17
5.08%

$25.13

760,303
334.94% of 50 DAV
50 DAV is 227,000
$23.09
4.72%
2/13/2017 $24.84 PP = $23.10
MB = $24.26
Most Recent Note - 2/13/2017 5:30:16 PM
Y - Gapped up today and it was highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents. Its solid volume-driven gain clinched a technical buy signal. Reported Dec '16 earnings +58% on +27% sales revenues, marking its 3rd consecutive strong earnings increase above the +25% minimum guideline (C criteria) coupled with strong sales revenues increases. Annual earnings (A criteria) have improved since a downturn and loss in FY '12. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gap Up Gain and Strong Finish Triggered Technical Buy Signal - 2/13/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
CSFL - NASDAQ
Centerstate Banks Inc
Banks-Southeast  
$24.97 +0.18
0.73%

$25.11

228,075
75.52% of 50 DAV
50 DAV is 302,000
$26.30
-5.06%
10/10/2016 $18.20 PP = $18.37
MB = $19.29
Most Recent Note - 2/13/2017 5:36:48 PM
G - Recently finding support after sputtering near its 50 DMA line ($24.83). Recent low ($23.80 on 2/08/17) defines important near-term support where further deterioration would trigger a technical sell signal. Completed a new Public Offering of shares on 1/10/17.
>>> FEATURED STOCK ARTICLE : Found Support Near 50-Day Average Following Offering - 2/6/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
IESC - NASDAQ
Integrated Electric Svcs
Bldg-Maintenance and Svc  
$20.35 -0.60
-2.86%

$21.35

117,574
174.18% of 50 DAV
50 DAV is 67,500
$23.00
-11.52%
11/23/2016 $19.35 PP = $18.26
MB = $19.17
Most Recent Note - 2/13/2017 5:51:18 PM
G - Consolidating above its 50 DMA line ($19.78) with a volume-driven loss today. Prior low ($18.05 on 1/18/17) defines important support near prior highs. Recently reported Dec '16 quarterly earnings -33% on +27% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Line and Now Testing Prior Highs - 1/19/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
BERY - NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers  
$49.19 +0.16
0.33%

$49.48

1,292,153
98.99% of 50 DAV
50 DAV is 1,305,300
$52.97
-7.14%
11/30/2016 $50.26 PP = $46.47
MB = $48.79
Most Recent Note - 2/13/2017 5:43:42 PM
G - Its Relative Strength Rating has slumped to 77, below the 80+ minimum for buy candidates under the fact-based investment system. Sputtering near recent lows in the $48.50 area defining near-term support. Damaging losses and violations would trigger a more worrisome technical sell signal. Reported earnings +43% on -7% sales revenues for the Dec '16 quarter. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Recent 50-Day Violation Raised Concerns - 2/7/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
EVR - NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking  
$78.10 -0.45
-0.57%

$78.90

294,132
67.00% of 50 DAV
50 DAV is 439,000
$81.75
-4.46%
1/5/2017 $71.40 PP = $72.07
MB = $75.67
Most Recent Note - 2/13/2017 5:48:40 PM
G - Consolidating after getting very extended from its prior base. Recently reported Dec '16 quarterly earnings +17% on +9% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NTES - NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers  
$260.78 +3.36
1.31%

$261.66

1,127,443
119.81% of 50 DAV
50 DAV is 941,000
$272.58
-4.33%
2/10/2017 $259.30 PP = $272.68
MB = $286.31
Most Recent Note - 2/10/2017 5:07:23 PM
Y - It was highlighted in yellow with new pivot point cited based on its 10/14/16 high plus 10 cents in the earlier mid-day report. Subsequent volume driven gains for new highs may trigger a technical buy signal. Due to report Dec '16 earnings on 2/15/17 and volume and volatility often increase near earnings news. Gradually rebounding after dropped from the Featured Stocks list on 12/12/16, Fundamentals remain strong but it was last noted - "Through the Sep '16 quarter it showed sales revenues and earnings increases above the +25% minimum guideline (C criteria), but deceleration in sequential quarterly comparisons is cause for concern." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebounding With Earnings News Due Soon - 2/10/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
HTHT - NASDAQ
China Lodging Group Ads
LEISURE - Lodging  
$54.63 -0.51
-0.92%

$55.47

158,195
104.08% of 50 DAV
50 DAV is 152,000
$59.20
-7.72%
9/29/2016 $46.12 PP = $47.82
MB = $50.21
Most Recent Note - 2/9/2017 6:42:45 PM
G - Consolidating above prior highs in the $54 area defining near-term support above its 50 DMA line. 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." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Mostly Bullish Action Continues Since Latest Earnings Report - 2/9/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LMAT - NASDAQ
Lemaitre Vascular Inc
Medical-Products  
$23.60 +0.25
1.07%

$23.80

94,086
83.26% of 50 DAV
50 DAV is 113,000
$27.04
-12.71%
12/22/2016 $24.99 PP = $25.09
MB = $26.34
Most Recent Note - 2/13/2017 5:40:24 PM
G - Challenged its 50 DMA line with below average volume behind today's 5th consecutive gain. Its Relative Strength Rating has improved to 87, above the 80+ minimum guideline for buy candidates. Its 50 DMA line ($23.78) may act as resistance, and a rebound above it would help its outlook to improve.
>>> FEATURED STOCK ARTICLE : Concerns Increase While Lingering Below 50-Day Moving Average - 1/27/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
BEAT - NASDAQ
BioTelemetry Inc
Medical-Services  
$23.85 +0.05
0.21%

$24.00

262,761
94.18% of 50 DAV
50 DAV is 279,000
$24.45
-2.45%
12/19/2016 $22.91 PP = $21.78
MB = $22.87
Most Recent Note - 2/9/2017 6:47:22 PM
G - Forming a saucer-with-handle base above its prior base, holding its ground stubbornly while perched at multi-year highs and volume totals have been cooling. Its 50 DMA line and prior lows define important near-term support.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Above Prior Highs - 1/10/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
PATK - NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale  
$82.80 -0.95
-1.13%

$84.65

113,903
96.53% of 50 DAV
50 DAV is 118,000
$86.10
-3.83%
11/29/2016 $72.45 PP = $69.63
MB = $73.11
Most Recent Note - 2/9/2017 6:54:00 PM
G - Gapped up today and rallied for new all-time highs, getting more extended from its prior base. Its 50 DMA line and recent lows in the $76 area define support to watch.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Extended From Prior Base - 1/31/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ESNT - NYSE
Essent Group Ltd
Finance-MrtgandRel Svc  
$36.84 +0.34
0.93%

$37.20

1,079,326
165.80% of 50 DAV
50 DAV is 651,000
$38.10
-3.31%
1/25/2017 $34.09 PP = $34.04
MB = $35.74
Most Recent Note - 2/10/2017 12:16:55 PM
G - Reported earnings +42% on +30% sales revenues for the Dec '16 quarter, continuing its strong earnings track record. Hit a new high today, and it is very extended from any sound base. Its 50 DMA line and prior highs define important near-term support in the $33-34 area.
>>> FEATURED STOCK ARTICLE : Twice Average Volume Behind Big Breakout Gain - 1/25/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ANET - NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment  
$99.90 +1.12
1.13%

$100.45

842,016
118.09% of 50 DAV
50 DAV is 713,000
$103.00
-3.01%
12/30/2016 $96.77 PP = $99.00
MB = $103.95
Most Recent Note - 2/13/2017 5:33:21 PM
G - Making gradual progress above its 50 DMA line ($95.88) rebounding toward prior highs following the damaging gap down noted on 1/17/17. It has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Technical Damages Raised Concern and Triggered Technical Sell Signal - 1/18/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
VBTX - NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks  
$27.52 +0.12
0.44%

$27.85

81,668
87.82% of 50 DAV
50 DAV is 93,000
$29.33
-6.17%
1/23/2017 $27.30 PP = $27.87
MB = $29.26
Most Recent Note - 2/9/2017 6:51:53 PM
Y - Pulled back with lighter volume 4 days in a row since clinching a technical buy signal with its volume-driven gain on 2/03/17. Prior highs in the $27 area define initial support above its 50 DMA line ($25.58).
>>> FEATURED STOCK ARTICLE : Challenged Highs But Ended in Bottom Third of Intra-day Range - 1/23/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SFBS - NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks  
$41.73 +0.65
1.58%

$42.03

257,125
103.68% of 50 DAV
50 DAV is 248,000
$41.16
1.38%
7/19/2016 $26.64 PP = $26.41
MB = $27.73
Most Recent Note - 2/13/2017 1:00:04 PM
G - Hitting another new all-time high today. Recently reported earnings +8% on +20% sales revenues for the Dec '16 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns. Its 50 DMA line ($37.52) defines important near-term support above recent lows in the $36 area. Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near Highs - 1/12/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
LITE - NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment  
$49.55 +2.10
4.43%

$50.20

2,170,016
187.88% of 50 DAV
50 DAV is 1,155,000
$49.40
0.30%
2/8/2017 $44.60 PP = $44.80
MB = $47.04
Most Recent Note - 2/13/2017 1:31:04 PM
G - Getting extended from its prior base with volume running at an above average pace behind today's 5th consecutive gain. Prior highs in the $44-45 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Gap Up Gain and Strong Finish Triggered Technical Buy Signal - 2/8/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LCII - NYSE
L C I Industries
MATERIALS and CONSTRUCTION - General Building Materials  
$108.55 +0.20
0.18%

$110.35

195,075
113.42% of 50 DAV
50 DAV is 172,000
$117.15
-7.34%
11/29/2016 $106.29 PP = $101.00
MB = $106.05
Most Recent Note - 2/10/2017 5:09:34 PM
G - Slumped back below its 50 DMA line ($109.57) with today's volume-driven loss raising concerns. Further deterioration below prior lows ($105.05 on 1/20/17) may trigger a more worrisome technical sell signal. Fundamentals through Dec '16 remain strong.
>>> FEATURED STOCK ARTICLE : Distributional Action While Retreating From Highs - 1/30/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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