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AFTER MARKET UPDATE - FRIDAY, MARCH 18TH, 2016
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DOW |
+120.81 |
17,602.30 |
+0.69% |
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Volume |
2,558,377,000 |
+153% |
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Volume |
2,414,763,520 |
+40% |
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NASDAQ |
+20.66 |
4,795.65 |
+0.43% |
|
Advancers |
1,857 |
61% |
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Advancers |
1,960 |
66% |
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S&P 500 |
+8.99 |
2,049.58 |
+0.44% |
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Decliners |
1,179 |
39% |
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Decliners |
1,030 |
34% |
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Russell 2000 |
+10.42 |
1,101.67 |
+0.95% |
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52 Wk Highs |
58 |
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52 Wk Highs |
43 |
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S&P 600 |
+6.14 |
678.79 |
+0.91% |
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52 Wk Lows |
5 |
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52 Wk Lows |
10 |
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Major Averages Rose Again With Greater Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week the Dow was up 2.3%, the S&P 500 gained 1.4% and the Nasdaq rose 1.0%. Stocks were higher on Friday’s session. The Dow rose 121 points to 17602. The S&P 500 gained 9 points to 2049. The Nasdaq Composite added 21 points to 4795. Volume was reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by 3-2 on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 50 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 40 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average posted a gain backed by higher volume while approaching a multi-month downward trendline. 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 finished in positive territory to extend their winning streak to a fifth week amid continued optimism over the dovish commentary by the Fed. On the economic front, the University of Michigan’s preliminary sentiment reading unexpectedly declined to 90.0 in March from 91.7 in February. In earnings, Adobe Systems (ADBE +3.85%) rose following its upbeat quarterly results and full-year forecast. Tiffany (TIF +2.95%) was higher even after the jeweler lowered its guidance. Shares of Starwood Hotels (HOT +5.47%) after accepting Chinese insurer Anbang’s $14 billion takeover offer. Columbia Pipeline (CPGX +5.91%) rose on TransCanada (TRP -1.13%) agreeing to buy the company for $10 billion. Healthcare and Financials were up the most on the session. Hospital operator Tenet Healthcare (THC +5.91%) rose. JP Morgan Chase (JPM +2.94%) and Bank of America (BAC +2.91%) rallied after increasing their share buyback programs. Utilities and telecom were the worst performing sectors. Dominion Resources (D -1.46%). AT&T (T -1.43%) fell. Treasuries were higher with the 10-year note rising 6/32 to yield 1.87%. In commodities, NYMEX WTI crude declined 2.1% to $39.35/barrel. COMEX gold was down 0.8% to $1255.10/ounce.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial and Tech Indices Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were mixed on Friday as the Gold & Silver Index ($XAU +0.36%) and the Integrated Oil Index ($XOI +0.24%) both edged higher, meanwhile the Oil Services Index ($OSX -1.67%) lost ground. The Broker/Dealer Index ($XBD +1.79%) and the Bank Index ($BKX +1.77%) both were a positive influence on the major averages while the Retail Index ($RLX +0.09%) finished flat. The Biotechnology Index ($BTK +2.18%) and the Semiconductor Index ($SOX +1.36%) led the tech sector while the Networking Index ($NWX +0.39%) posted smaller gains.Charts courtesy www.stockcharts.com
 PICTURED: The Biotechnology Index ($BTK -+2.18%) remains below its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
163.23 |
-2.77 |
-1.67% |
+3.49% |
| Integrated Oil |
$XOI |
1,108.58 |
+2.70 |
+0.24% |
+3.34% |
| Semiconductor |
$SOX |
675.03 |
+9.08 |
+1.36% |
+1.74% |
| Networking |
$NWX |
363.85 |
+1.41 |
+0.39% |
-3.21% |
| Broker/Dealer |
$XBD |
163.85 |
+2.88 |
+1.79% |
-7.99% |
| Retail |
$RLX |
1,246.08 |
+1.13 |
+0.09% |
-2.91% |
| Gold & Silver |
$XAU |
71.18 |
+0.26 |
+0.37% |
+57.13% |
| Bank |
$BKX |
65.85 |
+1.15 |
+1.78% |
-9.89% |
| Biotech |
$BTK |
2,837.09 |
+60.52 |
+2.18% |
-25.61% |
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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 |
|
Max Buy |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$67.62
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-1.20
-1.74% |
$69.75
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111,239
91.18% of 50 DAV
50 DAV is 122,000
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$72.55
-6.80%
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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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$18.62
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+0.63
3.50% |
$18.78
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2,045,299
186.44% of 50 DAV
50 DAV is 1,097,000
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$18.49
0.70%
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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 - 3/18/2016 9:55:37 PM
G - Rallied for another new 52-week high today with above average volume behind the gain. Getting more extended from the previously noted "double bottom" base, it has shown 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
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$25.98
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+0.89
3.55% |
$26.23
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76,285
177.41% of 50 DAV
50 DAV is 43,000
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$28.07
-7.45%
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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 - 3/18/2016 9:58:47 PM
Y - Posted another solid gain today with above average volume, approaching its "max buy" level.
>>> 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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