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AFTER MARKET UPDATE - MONDAY, MARCH 21ST, 2016
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DOW |
+21.57 |
17,623.87 |
+0.12% |
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Volume |
812,097,740 |
-68% |
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Volume |
1,438,832,930 |
-40% |
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NASDAQ |
+13.22 |
4,808.87 |
+0.28% |
|
Advancers |
1,522 |
50% |
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Advancers |
1,477 |
51% |
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S&P 500 |
+2.02 |
2,051.60 |
+0.10% |
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Decliners |
1,497 |
50% |
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Decliners |
1,406 |
49% |
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Russell 2000 |
-3.10 |
1,098.58 |
-0.28% |
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52 Wk Highs |
54 |
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52 Wk Highs |
41 |
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S&P 600 |
-2.13 |
676.66 |
-0.31% |
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52 Wk Lows |
6 |
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52 Wk Lows |
19 |
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Less Leadership as Indicies Inched Higher for Quiet Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Monday, the Dow was up 21 points to 17624. The S&P 500 added 2 points to 2051. The NASDAQ advanced 13 points to 4808. Volume was reported much lighter on the NYSE and on the Nasdaq exchange, down from Friday's totals which were inflated by options expirations. Advancers narrowly led decliners on the NYSE and on the Nasdaq exchange. Leadership waned as there were 18 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 50 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 has been rebounding toward prior highs and 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 inched higher amid a flurry of M&A announcements. Starwood Hotels (HOT +4.49%) rose on news the company accepted a $13.6 billion cash-and-stock takeover offer from Marriot (MAR -1.18%). Shares of Valspar (VAL +23.13%) surged after agreeing to a $9.3 billion cash offer from rival paint maker Sherwin Williams (SHW -5.33%). Markit (MRKT +13.63%) and IHS (IHS +10.28%) both rose as the data providers agreed to a merger. In economic news, new home sales fell by 7.1% in February, which was more than the 3% decline projected by analysts. In a separate release, business activity in the Chicago Fed region unexpectedly contracted in February. Six out of ten sectors in the S&P 500 finished the session in posit ive territory. Telecom and Healthcare shares outperformed while Energy stocks lagged. Valeant Pharmaceuticals (VRX +7.41%) rose to pace the gains in healthcare after the drug maker announced it was replacing its CEO. Treasuries retreated along the curve with the benchmark 10-year note losing 13/32 to yield 1.92%. In commodities, NYMEX WTI crude climbed 1.2% to $39.91/barrel. COMEX gold was off 0.8% to $1244.50/ounce. In FOREX, the dollar gained modestly on the yen and euro.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Biotech, Bank and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +0.36%) and the Oil Services Index ($OSX +0.35%) both edged higher, meanwhile the Integrated Oil Index ($XOI -0.41%) lost ground. The Broker/Dealer Index ($XBD -0.79%) fell while the Bank Index ($BKX +0.26%) edged higher and the Retail Index ($RLX +0.09%) finished flat. The Biotechnology Index ($BTK +1.56%) led the tech sector while the Semiconductor Index ($SOX +0.14%) inched higher and the Networking Index ($NWX -0.17%) posted a small loss.Charts courtesy www.stockcharts.com
 ![]() PICTURED: The Networking Index ($NWX -0.17%) remains below its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
163.80 |
+0.57 |
+0.35% |
+3.85% |
| Integrated Oil |
$XOI |
1,103.49 |
-5.09 |
-0.46% |
+2.87% |
| Semiconductor |
$SOX |
675.96 |
+0.93 |
+0.14% |
+1.88% |
| Networking |
$NWX |
363.04 |
-0.81 |
-0.22% |
-3.43% |
| Broker/Dealer |
$XBD |
162.46 |
-1.39 |
-0.85% |
-8.78% |
| Retail |
$RLX |
1,246.06 |
-0.02 |
-0.00% |
-2.91% |
| Gold & Silver |
$XAU |
71.43 |
+0.25 |
+0.35% |
+57.68% |
| Bank |
$BKX |
66.02 |
+0.17 |
+0.26% |
-9.66% |
| Biotech |
$BTK |
2,880.64 |
+43.54 |
+1.53% |
-24.47% |
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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
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NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$68.03
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+0.41
0.61% |
$68.73
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102,721
84.20% of 50 DAV
50 DAV is 122,000
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$72.55
-6.23%
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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 - 3/21/2016 5:17:26 PM
Y - Still quietly consolidating above prior highs and its 50 DMA line defining important near-term support.
>>> 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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$18.55
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-0.07
-0.38% |
$18.70
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1,414,331
130.84% of 50 DAV
50 DAV is 1,081,000
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$18.78
-1.22%
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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 - 3/21/2016 5:18:47 PM
G - Perched at its 52-week high following volume-driven gains. 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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$26.80
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+0.82
3.16% |
$26.88
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84,490
196.49% of 50 DAV
50 DAV is 43,000
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$28.07
-4.52%
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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 - 3/21/2016 5:20:31 PM
G - Rallied near its best-ever close and its color code was changed to green after rising above its "max buy" level, getting extended from the previously noted base. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
>>> 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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