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AFTER MARKET UPDATE - WEDNESDAY, MARCH 16TH, 2016
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DOW |
+74.23 |
17,325.76 |
+0.43% |
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Volume |
912,560,130 |
+13% |
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Volume |
1,613,191,760 |
+4% |
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NASDAQ |
+35.30 |
4,763.97 |
+0.75% |
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Advancers |
2,470 |
81% |
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Advancers |
1,795 |
62% |
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S&P 500 |
+11.29 |
2,027.22 |
+0.56% |
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Decliners |
588 |
19% |
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Decliners |
1,120 |
38% |
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Russell 2000 |
+7.84 |
1,074.51 |
+0.74% |
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52 Wk Highs |
98 |
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52 Wk Highs |
41 |
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S&P 600 |
+4.36 |
661.14 |
+0.66% |
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52 Wk Lows |
15 |
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52 Wk Lows |
59 |
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Breadth Positive as Indices Continue Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Wednesday. The Dow was up 74 points to 17326. The S&P 500 added 11 points to 2027. The NASDAQ climbed 35 points to 4763. Volume was reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by 4-1 on the NYSE and 3-2 on the Nasdaq exchange. There were 20 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 12 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on the NYSE, but new lows outnumbered new highs on the Nasdaq exchange again.PICTURED: The S&P 500 Index rose above its 200-day moving average (DMA) line with a gain backed by higher volume. Further gains have 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 major averages staged another afternoon rally after the Federal Reserve hinted that it was prepared to keep interest rates lower for longer. The committee suggested it still intended to hike rates twice in 2016, but cited weaker global growth and financial market turmoil as impediments to the U.S. economy. Traders are now pricing in a 52% chance of a rate increase in the Fed’s September meeting. The U.S. dollar, which was trading higher before the release, tumbled more than 1% against its peers after the announcement. On the data front, consumer prices ticked down 0.2% in February. Subtracting food and energy, prices climbed 0.3%, representing the first time the gauge has increased that much in consecutive months since 2001. Separate releases showed that housing starts jumped by 5.2% in February while building permits declined 3.1%. In earnings, Oracle (ORCL +3.8%) rose as the company beat fiscal third quarter earnings expectations. Eight out of ten sectors in the S&P 500 advanced on the session with Energy and Materials stocks leading the way. Treasuries rallied after the Fed release with the 10-year note gaining 16/32 to yield 1.92%. In commodities, NYMEX WTI crude rebounded 5.8% to $38.46/barrel. COMEX gold climbed 2.6% to $1263.10/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Tech and Retail Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups rose on Wednesday as the Gold & Silver Index ($XAU +6.94%) was a standout gainer, meanwhile the Oil Services Index ($OSX +1.04%) and Integrated Oil Index ($XOI +2.02%) posted smaller gains. The Bank Index ($BKX -0.95%) and Broker/Dealer Index ($XBD -0.41%) both had a negative influence on the major averages, meanwhile the Retail Index ($RLX+0.32) posted a small gain. The Networking Index ($NWX +1.07%) and the Semiconductor Index ($SOX +0.88%) both ended higher, but the Biotechnology Index ($BTK -0.67%) edged lower.Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX -0.95%) is consolidating above the 50-day moving average (DMA) line.
| Oil Services |
$OSX |
160.46 |
+1.65 |
+1.04% |
+1.73% |
| Integrated Oil |
$XOI |
1,090.71 |
+21.54 |
+2.02% |
+1.68% |
| Semiconductor |
$SOX |
661.19 |
+5.78 |
+0.88% |
-0.35% |
| Networking |
$NWX |
356.10 |
+3.79 |
+1.07% |
-5.27% |
| Broker/Dealer |
$XBD |
157.33 |
-0.65 |
-0.41% |
-11.65% |
| Retail |
$RLX |
1,250.65 |
+4.03 |
+0.32% |
-2.56% |
| Gold & Silver |
$XAU |
71.39 |
+4.64 |
+6.95% |
+57.59% |
| Bank |
$BKX |
64.36 |
-0.61 |
-0.94% |
-11.93% |
| Biotech |
$BTK |
2,792.92 |
-18.74 |
-0.67% |
-26.77% |
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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***
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 |
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Max Buy |
JBSS
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NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$68.46
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+1.21
1.80% |
$69.50
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122,095
100.08% of 50 DAV
50 DAV is 122,000
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$72.55
-5.64%
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1/29/2016
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$62.25
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PP = $66.39
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MB = $69.71
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Most Recent Note - 3/16/2016 5:41:22 PM
Y - Still consolidating above prior highs and its 50 DMA line defining important near-term support. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Near Term Support - 3/15/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$18.30
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+1.16
6.77% |
$18.38
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3,137,884
304.06% of 50 DAV
50 DAV is 1,032,000
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$18.18
0.66%
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2/26/2016
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$16.10
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PP = $16.19
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MB = $17.00
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Most Recent Note - 3/16/2016 5:42:45 PM
G - Hit a new 52-week high and finished strong with 3 times average volume behind today's big gain. No resistance remains due to overhead supply. Showed bullish action since first featured in yellow in the 2/26/16 mid-day report.
>>> FEATURED STOCK ARTICLE : Perched Near Best-Ever Close Following Recent Breakout - 3/9/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NVEE
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NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$24.53
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-0.62
-2.47% |
$25.49
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72,859
173.47% of 50 DAV
50 DAV is 42,000
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$28.07
-12.61%
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3/14/2016
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$25.43
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PP = $24.77
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MB = $26.01
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Most Recent Note - 3/16/2016 5:44:59 PM
Y - Pulled back today with higher volume, retreating below its previously cited pivot point while encountering distributional pressure. A volume-driven gain triggered a technical buy signal on 3/14/16, rising from an 8-month double bottom base after highlighted in yellow with pivot point cited based on its 12/02/15 high (read here). See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Finished Strong After Highlighted in Mid-Day Report - 3/14/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
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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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