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AFTER MARKET UPDATE - FRIDAY, MARCH 4TH, 2016
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DOW |
+62.87 |
17,006.77 |
+0.37% |
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Volume |
1,352,685,150 |
+20% |
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Volume |
2,014,415,380 |
+13% |
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NASDAQ |
+9.60 |
4,717.02 |
+0.20% |
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Advancers |
1,981 |
65% |
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Advancers |
1,813 |
60% |
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S&P 500 |
+6.59 |
1,999.99 |
+0.33% |
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Decliners |
1,065 |
35% |
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Decliners |
1,205 |
40% |
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Russell 2000 |
+5.89 |
1,081.93 |
+0.55% |
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52 Wk Highs |
82 |
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52 Wk Highs |
38 |
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S&P 600 |
+3.80 |
664.31 |
+0.58% |
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52 Wk Lows |
10 |
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52 Wk Lows |
27 |
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Major Indices Rose With Greater Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 2.2%, the S&P 500 climbed 2.7% and the Nasdaq Composite added 2.8%. Stocks finished higher on Friday. The Dow gained 62 points to 17006. The S&P 500 added 6 points to 1999. The Nasdaq Composite climbed 9 points to 4717. Volume was reported higher on the NYSE and on the Nasdaq exchange, a reassuring sign of more serious buying demand from the institutional crowd. Breadth was positive as advancers led decliners by nearly 2-1 on the NYSE and by 3-2 on the Nasdaq exchange. There were 28 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 29 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The DOW, S&P 500 Index, and the Nasdaq Composite rebounded further above their respective 50-day moving average lines on Friday.PICTURED: The Dow Jones Industrial Average has been rebounding further above its 50-day moving average (DMA) line, but it remains trading below its 200 DMA line. The major averages advanced to cap a third-consecutive weekly advance after the first-Friday jobs report. Nonfarm payrolls rose 242,000 in February, above the consensus estimate of 195,000 and up from a revised 172,000 in January. Wages fell 0.1%, but the labor force participation rate ticked 0.1% up to 62.9%. In earnings, Hewlett-Packard Enterprises (HPE +13.53%) as its quarterly results topped analyst projections. H&R Block (HRB -15.62%) tumbled as the tax preparer’s revenues missed consensus estimates. In M&A news, Carmike Cinemas (CKEC +16.49%) rose after agreeing to be acquired by AMC Entertainment (AMC +5.14%) for $1.1 billion. Freeport-McMoRan (FCX +6.92%) jumped after announcing it was selling part of its stake in a Serbian mine. Seven sectors in the S&P 500 advanced on the session. Materials and Utilities were the best-performing sectors while Telecom stocks underperformed. Treasuries were firmly lower with the 10-year note off 12/32 to yield 1.88%. In commodities, NYMEX WTI crude rallied 4.1% to $35.98/barrel. Gold was 0.4% higher at $1262.80/ounce. In FOREX, the dollar slid against the euro. The major averages (M criteria) have seen better leadership provide encouraging signs during the current confirmed rally. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-linked groups led gainers as the Oil Services Index ($OSX +3.12%) and Integrated Oil Index ($XOI +1.43) rose, but the Gold & Silver Index ($XAU -0.20%) edged lower. The Bank Index ($BKX +0.83%) and Broker/Dealer Index ($XBD +1.34%) both had a positive influence on the major averages again on Friday, meanwhile the Retail Index ($RLX+0.07%) finished flat. The tech sector was led higher by the Semiconductor Index ($SOX +1.04%) while the Biotechnology Index ($BTK +0.68%) and Networking Index ($NWX +0.78%) posted smaller gains.Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +0.68%) remains below its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
162.82 |
+4.93 |
+3.12% |
+3.23% |
| Integrated Oil |
$XOI |
1,062.68 |
+15.02 |
+1.43% |
-0.94% |
| Semiconductor |
$SOX |
650.62 |
+6.73 |
+1.05% |
-1.94% |
| Networking |
$NWX |
357.53 |
+2.78 |
+0.78% |
-4.90% |
| Broker/Dealer |
$XBD |
158.89 |
+2.10 |
+1.34% |
-10.78% |
| Retail |
$RLX |
1,226.99 |
+0.91 |
+0.07% |
-4.40% |
| Gold & Silver |
$XAU |
66.75 |
-0.14 |
-0.21% |
+47.35% |
| Bank |
$BKX |
65.49 |
+0.54 |
+0.83% |
-10.39% |
| Biotech |
$BTK |
2,986.04 |
+20.25 |
+0.68% |
-21.71% |
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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
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. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *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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