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AFTER MARKET UPDATE - TUESDAY, FEBRUARY 16TH, 2016
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DOW |
+222.57 |
16,196.41 |
+1.39% |
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Volume |
1,206,737,290 |
+7% |
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Volume |
1,934,062,930 |
+7% |
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NASDAQ |
+98.45 |
4,435.96 |
+2.27% |
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Advancers |
2,534 |
81% |
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Advancers |
2,503 |
80% |
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S&P 500 |
+30.80 |
1,895.58 |
+1.65% |
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Decliners |
577 |
19% |
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Decliners |
609 |
20% |
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Russell 2000 |
+23.81 |
995.80 |
+2.45% |
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52 Wk Highs |
22 |
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52 Wk Highs |
17 |
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S&P 600 |
+13.25 |
611.77 |
+2.21% |
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52 Wk Lows |
55 |
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52 Wk Lows |
65 |
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Breadth Positive and Volume Higher as Indices Rebound
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow was up 222 points to 16196. The S&P 500 added 30 points to 1895. The NASDAQ gained 98 points at 4435. Volume was reported higher on the NYSE and on the Nasdaq exchange, a reassuring sign of buying coming from large institutional investors. Breadth was positive as advancers led decliners by more than a 4-1 margin on the NYSE and on the Nasdaq exchange. There were 8 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from a total of 3 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.
PICTURED: The S&P 600 Small Cap Index posted a 2nd gain after sputtering near 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 finished firmly higher to complete the best two-day rally
since August. Oil prices finished lower in turbulent trading despite Russia and
Saudi Arabia reaching an agreement to freeze crude production at current levels
in an attempt to stem the rout in prices. On the data front, Empire
Manufacturing registered a -16.6 reading versus expectations of -10.0.
All ten sectors in the S&P 500 finished higher on the session. The
Consumer Discretionary sector was up 2.5% to pace the gains along with
Industrial and Technology shares.
In corporate news, ADT (ADT +47.53%) rose after agreeing to a
$42-per-share takeover offer from Apollo Global (APO +5.37%). Hormel Foods (HRL +7.08%) rose after beating Wall Street earnings
projections but missing revenue estimates. Groupon (GRPN +41.18%) jumped on news
that Alibaba (BABA +8.87%) reported a stake in the company.
Treasuries lost value with longer maturities underperforming. The benchmark
ten-year note slipped 9/32 to yield 1.78%. On the heels of a sharp three-week
rally, COMEX gold fell 3% to $1201.40/ounce. In FOREX, the Dollar Index added
0.9% while the British pound fell amid talks surrounding the nation’s membership
in the European Union. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Tech Groups Led Rebound
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials rebounded and boosted the market on Tuesday as the Broker/Dealer Index ($XBD +3.36%) outpaced the Bank Index ($BKX+2.80%). The Retail Index ($RLX+3.04%) also had a positive influence on the major averages. The tech sector was saw solid gains from the Biotechnology Index ($BTK +3.09%), Semiconductor Index ($SOX +3.50%), and the Networking Index ($NWX +3.52%). Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -5.62%) retreated, yet the Oil Services Index ($OSX +2.19%) and the Integrated Oil Index ($XOI +1.03%) each posted a gain.Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX+2.80%) posted its 2nd gain after a slump to new lows.
| Oil Services |
$OSX |
136.56 |
+2.93 |
+2.19% |
-13.42% |
| Integrated Oil |
$XOI |
962.47 |
+9.77 |
+1.03% |
-10.28% |
| Semiconductor |
$SOX |
591.93 |
+20.03 |
+3.50% |
-10.78% |
| Networking |
$NWX |
326.81 |
+11.10 |
+3.52% |
-13.07% |
| Broker/Dealer |
$XBD |
143.60 |
+4.67 |
+3.36% |
-19.37% |
| Retail |
$RLX |
1,135.01 |
+33.46 |
+3.04% |
-11.57% |
| Gold & Silver |
$XAU |
57.24 |
-3.40 |
-5.61% |
+26.36% |
| Bank |
$BKX |
61.21 |
+1.67 |
+2.80% |
-16.24% |
| Biotech |
$BTK |
2,835.69 |
+84.98 |
+3.09% |
-25.65% |
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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,
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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