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AFTER MARKET UPDATE - MONDAY, MARCH 7TH, 2016
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DOW |
+67.18 |
17,073.95 |
+0.40% |
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Volume |
1,105,010,790 |
-18% |
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Volume |
1,917,513,460 |
-5% |
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NASDAQ |
-8.77 |
4,708.25 |
-0.19% |
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Advancers |
2,014 |
66% |
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Advancers |
2,015 |
68% |
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S&P 500 |
+1.77 |
2,001.76 |
+0.09% |
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Decliners |
1,020 |
34% |
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Decliners |
963 |
32% |
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Russell 2000 |
+12.21 |
1,094.15 |
+1.13% |
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52 Wk Highs |
53 |
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52 Wk Highs |
32 |
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S&P 600 |
+7.50 |
671.81 |
+1.13% |
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52 Wk Lows |
4 |
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52 Wk Lows |
27 |
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Volume Lighter and Leadership Waned on Mixed Session for Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were mixed on Monday. The Dow was up 67 points to 17073. The S&P 500 added 1 point to 2001. The NASDAQ retreated 8 points at 4708. Volume was reported lighter on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly 2-1 on the NYSE and on the Nasdaq exchange. There were 21 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 28 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The S&P 500 Index posted a 5th consecutive gain while rebounding further above its 50-day moving average (DMA) line, but it remains trading below its 200 DMA line. The major averages fluctuated amid a rally in oil prices while treasuries
sold off. Stocks in Asia were mostly higher after China’s National People’s
Conference suggested GDP growth of 6.5%-7% for the country in 2016. Netflix was
a notable decliner on the session, with shares falling 6% to $95.49 on reports
of slowing subscriber growth.
Six out of ten sectors in the S&P 500 finished in positive territory.
Energy shares paced the gains with Exxon (XOM +2.64%) and Chevron (CVX +3.12%) both on the rise. The Materials sector also outperformed with Monsanto (MON +3.02%) ending higher.
In M&A news, DuPont (DD +2.42%) rose on reports that BASF (BASFY +0.95%) is
considering a bid for the company to rival Dow Chemical’s (DOW -1.05%). Shares of Dunkin
Brands (DNKN -2.43%) slid while Micron Technology (MU -2.53%) fell as
each company was the subject of negative analyst commentary.
Recent weakness in Treasuries continued with the benchmark U.S. ten-year note
down 9/32 to yield 1.91%. The yield on the rate-sensitive two-year note climbed
to 0.91%, the highest level since January. In commodities, NYMEX WTI crude
spiked 5.4% to $37.86/barrel. COMEX gold slipped 0.2% to $1267.60/ounce. On
FOREX, the Dollar Index finished 0.2% lower. The major averages (M criteria) have seen better leadership provide encouraging signs during the current confirmed rally. The DOW, S&P 500 Index, and the Nasdaq Composite rebounded further above their respective 50-day moving average lines on Friday. 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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Commodity-Linked Groups Rose; Retail Index Created a Drag
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups led the gainers on Monday as the Oil Services Index ($OSX +3.04%), Integrated Oil Index ($XOI +1.35%), and the Gold & Silver Index ($XAU +3.27%) rose. Finaicial were mixed as the Bank Index ($BKX -0.37%) edged lower and the Broker/Dealer Index ($XBD +0.46%) posted a small gain. Meanwhile, the Retail Index ($RLX-0.80%) created a drag. The tech sector was led by the Biotechnology Index ($BTK +0.85%) while the Semiconductor Index ($SOX +0.32%) posted a smaller gain and the Networking Index ($NWX -0.04%) finished flat.Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX-0.80%) fell on Monday, but recently rebounded above prior its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
167.76 |
+4.94 |
+3.03% |
+6.36% |
| Integrated Oil |
$XOI |
1,077.06 |
+14.38 |
+1.35% |
+0.41% |
| Semiconductor |
$SOX |
652.68 |
+2.06 |
+0.32% |
-1.63% |
| Networking |
$NWX |
357.39 |
-0.13 |
-0.04% |
-4.93% |
| Broker/Dealer |
$XBD |
159.62 |
+0.73 |
+0.46% |
-10.37% |
| Retail |
$RLX |
1,217.23 |
-9.76 |
-0.80% |
-5.16% |
| Gold & Silver |
$XAU |
68.94 |
+2.19 |
+3.28% |
+52.19% |
| Bank |
$BKX |
65.25 |
-0.24 |
-0.37% |
-10.71% |
| Biotech |
$BTK |
3,011.33 |
+25.29 |
+0.85% |
-21.04% |
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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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