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AFTER MARKET UPDATE - TUESDAY, MARCH 29TH, 2016
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DOW |
+97.72 |
17,633.11 |
+0.56% |
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Volume |
945,644,170 |
+38% |
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Volume |
1,632,421,520 |
+28% |
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NASDAQ |
+79.83 |
4,846.62 |
+1.67% |
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Advancers |
2,449 |
80% |
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Advancers |
2,131 |
74% |
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S&P 500 |
+17.96 |
2,055.01 |
+0.88% |
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Decliners |
594 |
20% |
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Decliners |
739 |
26% |
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Russell 2000 |
+28.85 |
1,109.08 |
+2.67% |
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52 Wk Highs |
204 |
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52 Wk Highs |
69 |
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S&P 600 |
+18.01 |
684.94 |
+2.70% |
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52 Wk Lows |
10 |
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52 Wk Lows |
46 |
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Breadth Positive and Leadership Expanded as Major Averages Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow climbed 97 points to 17633. The S&P 500 was up 17 points to 2055. The NASDAQ gained 79 points to 4846. The volume was reported higher on the NYSE and on the Nasdaq exchange, a reassuring sign of increased institutional buying demand. Advancers led decliners by nearly 4-1 on the NYSE and by nearly 3-1 on the Nasdaq exchange. Leadership improved as there were 47 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 20 on the prior session. New 52-week highs expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.PICTURED: The S&P 500 Index is quietly consolidating above its 200-day moving average (DMA) line following volume-driven gains. Further gains have helped the DOW and the S&P 500 Index both rally above their respective 50-day and 200-day moving average (DMA)lines. The recent 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 an afternoon rally after comments from Federal Reserve Chair Janet Yellen. Yellen signaled the Fed will be hesitant to raise interest rates in the near term considering global growth worries and weakness in the commodity space. On the data front, housing prices in 20 U.S. cities increased by 0.8% in January. In a separate release, the Consumer Confidence Index climbed to 96.2 from a previous reading of 92.2. All ten sectors in the S&P 500 advanced as the index had its best performance in two weeks. Tech shares paced the gains, led by Apple (AAPL +2.37%) and Microsoft (MSFT +2.19%). In earnings, homebuilder Lennar (LEN +3.17%) rose after beating analyst earnings and revenue expectations. Yahoo (YHOO +3.09%) rose as the company continues to explore the sale of its core assets. Treasuries finished firmly higher with the benchmark 10-year note jumping 23/32 to yield 1.80%. In commodities, NYMEX WTI crude fell another 2.2% to $38.51/barrel while COMEX gold was up 1.6% to $1240.00/ounce. The Dollar index retreated 0.8% Tuesday and is on pace for its worst month in five years.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gains for Retail, Tech, and Gold & Silver Indexes
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices were helped by the Retail Index's ($RLX +1.36%) solid gain. The tech sector saw unanimous gains from the Networking Index ($NWX +1.94%), Biotechnology Index ($BTK +1.78%), and the Semiconductor Index ($SOX +1.34%). Financials were also mixed as the Broker/Dealer Index ($XBD +1.84%) rose and the Bank Index ($BKX -0.76%) slumped. Commodity-linked groups were also mixed as the Oil Services Index ($OSX -0.46%) edged lower and the Integrated Oil Index ($XOI +0.13%) eked out a small gain, and the Gold & Silver Index ($XAU +5.26%) was a standout gainer. Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.84%) is consolidating above its 50-day moving average (DMA) line and below its 200 DMA line.
| Oil Services |
$OSX |
156.69 |
-0.73 |
-0.46% |
-0.66% |
| Integrated Oil |
$XOI |
1,068.91 |
+1.44 |
+0.13% |
-0.35% |
| Semiconductor |
$SOX |
674.14 |
+8.93 |
+1.34% |
+1.61% |
| Networking |
$NWX |
363.45 |
+6.93 |
+1.94% |
-3.32% |
| Broker/Dealer |
$XBD |
161.18 |
+2.91 |
+1.84% |
-9.50% |
| Retail |
$RLX |
1,272.25 |
+17.07 |
+1.36% |
-0.87% |
| Gold & Silver |
$XAU |
70.75 |
+3.53 |
+5.25% |
+56.18% |
| Bank |
$BKX |
64.16 |
-0.49 |
-0.76% |
-12.21% |
| Biotech |
$BTK |
2,878.77 |
+50.32 |
+1.78% |
-24.52% |
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Seriously Applying the Fact-Based System Now
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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