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AFTER MARKET UPDATE - MONDAY, APRIL 18TH, 2016
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DOW |
+106.70 |
18,004.16 |
+0.60% |
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Volume |
829,992,770 |
-18% |
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Volume |
1,510,136,960 |
-2% |
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NASDAQ |
+21.80 |
4,960.02 |
+0.44% |
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Advancers |
2,221 |
73% |
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Advancers |
1,880 |
66% |
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S&P 500 |
+13.61 |
2,094.34 |
+0.65% |
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Decliners |
810 |
27% |
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Decliners |
949 |
34% |
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Russell 2000 |
+8.36 |
1,139.28 |
+0.74% |
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52 Wk Highs |
149 |
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52 Wk Highs |
69 |
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S&P 600 |
+5.02 |
697.65 |
+0.72% |
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52 Wk Lows |
5 |
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52 Wk Lows |
27 |
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Major Averages Rose With Better Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were higher on Monday. The Dow added 106 points to 18004. The S&P 500 gained 13 points at 2094. The Nasdaq Composite was up 21 points at 4960. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 11-4 margin on the NYSE and by a 2-1 margin on the Nasdaq exchange. There were 46 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, doubling the total of 23 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 chart shows it rallying above prior highs and toward its record high.
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 Dow finished above 18,000 for the first time since July as earnings reports weighed against a flurry of news on the oil front. Crude prices tumbled overnight after producer nations failed to reach an accord to freeze output in Qatar on Sunday. But the commodity tempered losses thanks to reports of falling production in Kuwait due to a worker strike. In Fed news, New York President William Dudley called U.S. economic conditions “mostly favorable” and mentioned an improving outlook in Europe. All 10 sectors of the S&P 500 advanced on the session. Energy shares paced the gains along with Health Care stocks. In earnings, Hasbro (HAS +5.8%) as the toymaker’s “Star Wars” brand propelled earnings and revenue well above analyst expectations. Disney (DIS +2.9%) rose on the strength of a larger-than-expected opening weekend for “The Jungle Book”. Netflix (NFLX -2.8%) fell ahead of its quarterly release after the close. Treasuries declined with the benchmark 10-year note losing 4/32 to yield 1.77%. In commodities, NYMEX WTI crude fell 1.2% at $39.89/barrel while COMEX gold was little changed at $1233.60/ounce. In FOREX, the dollar finished lower with weakness against the euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.72%), Broker/Dealer Index ($XBD +0.66%) and the Retail Index ($RLX +0.88%) all had a positive influence on the major averages on Monday. The Networking Index ($NWX +0.17%) and the Semiconductor Index ($SOX +0.07%) both showed little change while the Biotechnology Index ($BTK +1.30%) led the tech sector. Commodity-linked groups rose as the Oil Services Index ($OSX +1.31%), Integrated Oil Index ($XOI +1.65), and the Gold & Silver Index ($XAU +0.66%) each tallied a gain. Charts courtesy www.stockcharts.com
 PICTURED: The Networking Index ($NWX +0.17%) recently met resistance at its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
162.77 |
+2.10 |
+1.31% |
+3.20% |
| Integrated Oil |
$XOI |
1,120.91 |
+18.22 |
+1.65% |
+4.49% |
| Semiconductor |
$SOX |
673.96 |
+0.47 |
+0.07% |
+1.58% |
| Networking |
$NWX |
351.55 |
+0.60 |
+0.17% |
-6.49% |
| Broker/Dealer |
$XBD |
163.52 |
+1.07 |
+0.66% |
-8.18% |
| Retail |
$RLX |
1,298.96 |
+11.31 |
+0.88% |
+1.21% |
| Gold & Silver |
$XAU |
78.43 |
+0.51 |
+0.65% |
+73.13% |
| Bank |
$BKX |
67.18 |
+0.48 |
+0.72% |
-8.07% |
| Biotech |
$BTK |
3,238.77 |
+41.42 |
+1.30% |
-15.08% |
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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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