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AFTER MARKET UPDATE - FRIDAY, MARCH 11TH, 2016
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DOW |
+218.18 |
17,213.31 |
+1.28% |
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Volume |
973,249,260 |
-5% |
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Volume |
1,663,245,320 |
-6% |
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NASDAQ |
+86.31 |
4,748.47 |
+1.85% |
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Advancers |
2,564 |
84% |
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Advancers |
2,437 |
80% |
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S&P 500 |
+32.62 |
2,022.19 |
+1.64% |
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Decliners |
503 |
16% |
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Decliners |
595 |
20% |
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Russell 2000 |
+23.57 |
1,087.56 |
+2.22% |
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52 Wk Highs |
86 |
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52 Wk Highs |
41 |
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S&P 600 |
+13.59 |
669.06 |
+2.07% |
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52 Wk Lows |
8 |
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52 Wk Lows |
21 |
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Dow Industrials and S&P 500 Index Both Rallied Above 200-Day Moving Averages
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow added 1.2%, the S&P 500 gained 1.1% and the Nasdaq ticked 0.7% higher. Stocks finished firmly higher on Friday. The Dow was up 218 points to 17213. The S&P 500 added 32 points to 2022. The Nasdaq Composite rallied 86 points to 4748. Volume was reported lighter on the NYSE and on the Nasdaq exchange, revealing less impressive buying demand from the institutional crowd. Breadth was solidly positive as advancers led decliners 5-1 on the NYSE and 4-1 on the Nasdaq exchange. There were 25 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 15 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.PICTURED: The benchmark S&P 500 Index rallied above its 200-day moving average (DMA) line. Friday's gains helped the DOW and the S&P 500 Index both rally above their downward sloping 200-day moving average lines. The improvement for the major averages (M criteria) was backed by an expansion in healthy leadership (new highs), another encouraging sign for 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. The S&P 500 climbed to its highest closing level of 2016 as investors reassessed the stimulus measures put forth by the ECB yesterday. The central bank cut interest rates and increased its monthly bond purchases in an effort to bolster the region’s economy. On the U.S. economic front, import prices fell 0.3% in February versus a projected 0.7% decline. All 10 sectors in the S&P 500 advanced on the session. Financials paced the gains with a 2.7% ascent as Bank of America (BAC +3.8%) rose. The Energy and Healthcare sectors also outperformed, while Utilities lagged on a relative basis. In earnings news, Ulta Salon (ULTA +17.3%) surged after the beauty products retailer provided quarterly sales guidance ahead of analyst forecasts. Hertz (HTZ +12.4%) rallied after receiving positive analyst commentary. Treasuries retreated to cap a third-straight weekly loss. The benchmark 10-year note fell 12/32 to yield 1.98%. In commodities, NYMEX WTI crude was 1.9% to $38.57/barrel. COMEX gold tumbled 1.6% to $1252.80/ounce. In FOREX, the dollar appreciated against the yen but slipped against emerging currencies. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Broad Based Gains Excluded Gold & Silver Index
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-linked groups led gainers as the Oil Services Index ($OSX +4.37%) and Integrated Oil Index ($XOI +2.99%) rose, but the Gold & Silver Index ($XAU -1.72%) ended lower. The Bank Index ($BKX +2.86%) and Broker/Dealer Index ($XBD +3.38%) both had big gains which were a positive influence on the major averages again on Friday, and the Retail Index ($RLX+1.55%) followed with a smaller gain. The tech sector was led higher by the Biotechnology Index ($BTK +2.84%) and Networking Index ($NWX +2.37%) while the Semiconductor Index ($SOX +1.94%) posted a smaller gain.Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX+1.55%) rallied above recent highs after finding support at the 200-day moving average (DMA) line.
| Oil Services |
$OSX |
164.91 |
+6.90 |
+4.37% |
+4.55% |
| Integrated Oil |
$XOI |
1,083.07 |
+31.45 |
+2.99% |
+0.97% |
| Semiconductor |
$SOX |
659.14 |
+12.56 |
+1.94% |
-0.65% |
| Networking |
$NWX |
359.77 |
+8.32 |
+2.37% |
-4.30% |
| Broker/Dealer |
$XBD |
161.62 |
+5.29 |
+3.38% |
-9.25% |
| Retail |
$RLX |
1,241.40 |
+18.93 |
+1.55% |
-3.28% |
| Gold & Silver |
$XAU |
68.09 |
-1.19 |
-1.72% |
+50.31% |
| Bank |
$BKX |
65.38 |
+1.82 |
+2.86% |
-10.54% |
| Biotech |
$BTK |
2,920.30 |
+80.76 |
+2.84% |
-23.43% |
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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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