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AFTER MARKET UPDATE - THURSDAY, APRIL 14TH, 2016
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DOW |
+18.15 |
17,926.43 |
+0.10% |
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Volume |
882,889,450 |
-10% |
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Volume |
1,508,519,820 |
-15% |
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NASDAQ |
-1.53 |
4,945.89 |
-0.03% |
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Advancers |
1,329 |
45% |
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Advancers |
1,385 |
49% |
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S&P 500 |
+0.36 |
2,082.78 |
+0.02% |
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Decliners |
1,655 |
55% |
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Decliners |
1,425 |
51% |
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Russell 2000 |
-1.34 |
1,128.59 |
-0.12% |
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52 Wk Highs |
86 |
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52 Wk Highs |
60 |
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S&P 600 |
-1.60 |
691.30 |
-0.23% |
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52 Wk Lows |
0 |
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52 Wk Lows |
12 |
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Major Averages Quietly Ended With Little Change
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were little changed on Thursday. The Dow was up 18 points to 17926. The S&P 500 finished flat at 2082. The Nasdaq Composite fell 1 point at 4945. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Breadth was slightly negative as decliners led advancers by an 8-7 margin on the NYSE and an even narrower margin on the Nasdaq exchange. There were 39 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, versus the total of 38 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 its prior highs.
The DOW, S&P 500 Index, and Nasdaq Composite rallied further above their respective 50-day and 200-day moving average (DMA) lines. This week's expansion in new highs is a reassuring sign because any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The Featured Stocks Page includes 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 fluctuated amid earnings reports and updates on the economy. On the data front, a gauge of inflation showed that consumer prices ticked up 0.1% in March, below analyst expectations of a 0.2% increase. The gauge also increased 0.1% subtracting the effects of food and energy. A separate release shows initial jobless claims came in at 253,000, well below the 270,000 projected by analysts. Six of 10 sectors in the S&P 500 ended the session in positive territory. Financial stocks were the best performers to cap a five-session winning streak. Bank of America added 2.5% to $14.14 after narrowly beating analyst profit expectations. Blackrock climbed 1.9% to $354.91 despite missing Wall Street earnings estimates. Citigroup advanced 1.7% to $44.98 ahead of its quarterly release before the open on Friday. Technology stocks lagged with Seagate tumbling 20.1% to $27.11 as the company lowered expectations in a first-quarter pre-announcement. Treasuries retreated despite solid demand in a 30-year debt auction. The benchmark 10-year note fell 8/32 to yield 1.79%. In commodities, NYMEX WTI crude oil was down 0.7% to $41.48/barrel. COMEX gold lost 1.8% at $1225.00/ounce. In FOREX, the dollar advanced mildly on the yen and euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank and Retail Index Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.01%) outpaced the Broker/Dealer Index ($XBD +0.19%) on Thursday, and the Retail Index ($RLX +0.36%) had a modestly positive influence on the major averages. The Semiconductor Index ($SOX -0.86%) fell while the Networking Index ($NWX -0.05%) and Biotechnology Index ($BTK +0.14%) both were little changed. The Oil Services Index ($OSX -0.75%) fell while the Integrated Oil Index ($XOI +0.43%) edged higher. Meanwhile, the Gold & Silver Index ($XAU -3.14%) fell. Charts courtesy www.stockcharts.com
 PICTURED: The Biotechnology Index ($BTK +0.14%) rallied above its 50-day moving average (DMA) line in recent weeks, but it remains well below the 200 DMA line and it multi-month downward trendline.
| Oil Services |
$OSX |
162.56 |
-1.23 |
-0.75% |
+3.06% |
| Integrated Oil |
$XOI |
1,122.16 |
+4.85 |
+0.43% |
+4.61% |
| Semiconductor |
$SOX |
679.28 |
-5.87 |
-0.86% |
+2.38% |
| Networking |
$NWX |
358.61 |
-0.18 |
-0.05% |
-4.61% |
| Broker/Dealer |
$XBD |
164.72 |
+0.30 |
+0.19% |
-7.51% |
| Retail |
$RLX |
1,279.71 |
+4.57 |
+0.36% |
-0.29% |
| Gold & Silver |
$XAU |
75.97 |
-2.46 |
-3.14% |
+67.70% |
| Bank |
$BKX |
67.05 |
+0.67 |
+1.01% |
-8.25% |
| Biotech |
$BTK |
3,200.07 |
+4.45 |
+0.14% |
-16.10% |
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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