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AFTER MARKET UPDATE - WEDNESDAY, APRIL 19TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
-118.79 |
20,404.49 |
-0.58% |
|
Volume |
974,716,160 |
+10% |
|
Volume |
1,606,592,980 |
+9% |
|
NASDAQ |
+13.56 |
5,863.03 |
+0.23% |
|
Advancers |
1,363 |
47% |
|
Advancers |
1,696 |
60% |
|
S&P 500 |
-4.02 |
2,338.17 |
-0.17% |
|
Decliners |
1,531 |
53% |
|
Decliners |
1,117 |
40% |
|
Russell 2000 |
+5.24 |
1,367.13 |
+0.38% |
|
52 Wk Highs |
84 |
|
|
52 Wk Highs |
95 |
|
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S&P 600 |
+4.05 |
830.24 |
+0.49% |
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52 Wk Lows |
27 |
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52 Wk Lows |
41 |
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Tech-Heavy Nasdaq Composite Led Peers as Leadership Improved
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Wednesday. The Dow was down 119 points to 20404, and the S&P 500 lost 4 points to 2338, both remaining below their respective 50-day moving average (DMA) lines. The volume totals reported were higher than the prior session total on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the Nasdaq exchange, but decliners led advancers by a narrow margin on the NYSE. Leadership improved as there were 46 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 33 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE and also on the Nasdaq exchange. PICTURED: The Nasdaq Composite Index had higher volume as it rose 13 points to 5863, remaining above its 50-day moving average (DMA) line. Subsequent losses leading to a violation of the 50 DMA line and recent lows would raise greater concerns regarding the market rally's health.
The major averages' (M criteria) uptrend has recently been under pressure. Focus should also remain on the number of high-ranked stocks hitting new highs in the days ahead. For any meaningful market rally there must be healthy crop of leadership (many stocks hitting new highs). The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages fluctuated on the session Wednesday as oil prices declined and investors digested a mixed start to first-quarter earnings season. NYMEX WTI crude retreated 3.8% to $50.40/barrel after a report showed gasoline supplies increased for the first time since February. In central bank news, the Federal Reserve’s Beige Book release revealed that the low level of unemployment, which had hit a high of 10% during the last recession, was beginning to boost wages.
Seven of 11 sectors in the S&P 500 ended in negative territory. Energy stocks led the losses with Halliburton (HAL -2.27%) down. Financials pared early gains to finish lower on the session as BlackRock (BLK -1.70%) fell. Morgan Stanley (MS +2.01%) bucked the trend, rising after strong quarterly results were driven by a solid performance in investment banking. In Technology, International Business Machines (IBM -4.92%) gapped down and violated its 200 DMA line as the IT services giant reported its 20th consecutive quarterly revenue decline. Health Care stocks advanced with Intuitive Surgical (ISRG +6.37%) gapping up after raising its full-year procedure growth and guidance.
Treasuries declined with the benchmark 10-year note down 11/32 to yield 2.21%. In commodities, COMEX gold lost 0.8% to $1281.40/ounce. In FOREX, the Dollar Index gained 0.3%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech Sector Rose Slightly While Commodity-Linked Groups Fell Hard
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.06%), Broker/Dealer Index ($XBD +0.14%), and Retail Index ($RLX -0.13%) each finished flat on Wednesday. The tech sector saw small but unanimous gains from the Semiconductor Index ($SOX +0.55%), Networking Index ($NWX +0.34%), and the Biotechnology Index ($BTK +0.34%). Commodity-linked groups clearly had a negative bias as the Gold & Silver Index ($XAU -3.21%), Oil Services Index ($OSX -2.68%), and the Integrated Oil Index ($XOI -1.57%) suffered losses. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX -0.06%) remains near its recent low after slumping well below its 50-day moving average (DMA) line. Further deterioration in the financial groups would bode poorly for the broader market outlook, as longtime readers know that the financial groups have been reliable "leading indicators" in recent years.
| Oil Services |
$OSX |
158.93 |
-4.36 |
-2.67% |
-13.53% |
| Integrated Oil |
$XOI |
1,143.01 |
-18.25 |
-1.57% |
-9.86% |
| Semiconductor |
$SOX |
982.05 |
+5.38 |
+0.55% |
+8.34% |
| Networking |
$NWX |
444.66 |
+1.49 |
+0.34% |
-0.32% |
| Broker/Dealer |
$XBD |
206.04 |
+0.29 |
+0.14% |
+0.37% |
| Retail |
$RLX |
1,447.31 |
-1.84 |
-0.13% |
+7.77% |
| Gold & Silver |
$XAU |
86.30 |
-2.86 |
-3.21% |
+9.43% |
| Bank |
$BKX |
88.72 |
-0.05 |
-0.06% |
-3.34% |
| Biotech |
$BTK |
3,494.74 |
+11.94 |
+0.34% |
+13.65% |
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Support Shown Promptly After 50-Day Moving Average Violation
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
China Lodging Group Ads (HTHT +$0.67 or +1.06% to $63.60) posted a 3rd consecutive gain today with higher volume for its second-best close ever. It found prompt support near its 50-day moving average (DMA) line ($59.23) after damaging losses last week raised concerns and undercut the 50 DMA line. Subsequent losses below the 50 DMA line and recent low ($57.89 on 4/11/17) would raise even greater concerns and trigger a more worrisome technical sell signal.
HTHT is up +63.6% since first featured in yellow in the 7/13/16 mid-day report (read here). It was last shown in this FSU section on 3/17/17 with an annotated graph under the headline, "Bullish Action Led to +54% Rally Since First Featured". It has been repeatedly noted with caution - "The 2 latest quarterly comparisons (Sep and Dec '16) were below the +25% minimum earnings guideline (C criteria), and its waning sales revenues growth rate was also noted recently as a fundamental concern.
Disciplined followers of the fact-based investment system know that buying efforts should only be made in fundamentally superior stocks and only after after a technical buy signal has been triggered. Selling should not be based upon a change fundamentals, but should strictly be based upon the technical action in a stock or market. Some investors with solid profits in HTHT may still be electing to give it the benefit of the doubt until more worrisome technical sell signals raise concerns.
The number of top-rated funds owing its shares rose from 87 in Sep '15 to 164 in Mar '17 a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has a B Timeliness rating and a D Sponsorship rating. Its small supply of 27 million shares (S criteria) in the public float may contribute to greater price volatility in the event of institutional buying or selling.
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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 |
SBCF
-
NASDAQ
Seacoast Banking Corp Fl
BANKING - Regional - Mid-Atlantic Banks
|
$23.84
|
+0.31
1.32% |
$23.90
|
248,449
56.08% of 50 DAV
50 DAV is 443,000
|
$25.13
-5.13%
|
2/13/2017
|
$24.84
|
PP = $23.10
|
|
MB = $24.26
|
Most Recent Note - 4/18/2017 2:26:15 PM
G - Consolidating just below its 50 DMA line ($23.57). Gains above that important short-term average would help its outlook improve. Subsequent deterioration below the recent low ($21.89 on 3/22/17) would raise more serious concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Rebound After Slump Below 50-Day Average Into Prior Base - 3/28/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$24.83
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+0.71
2.94% |
$24.85
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488,236
171.31% of 50 DAV
50 DAV is 285,000
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$26.94
-7.82%
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3/13/2017
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$25.54
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PP = $26.40
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MB = $27.72
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Most Recent Note - 4/19/2017 4:25:51 PM
G - Closed at the session high with +71% above average volume behind today's 3rd consecutive gain. Damaging losses below its recent low ($23.64 on 4/17/17) would raise more serious concerns. A rebound above the 50 DMA line ($25.10) is needed for its outlook to improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Positive Reversal After Intra-day Low Undercut Prior Lows - 4/17/2017 |
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C
A
S
I |
NSP
-
NYSE
Insperity Inc
Comml Svcs-Outsourcing
|
$86.85
|
-1.20
-1.36% |
$89.08
|
97,601
62.56% of 50 DAV
50 DAV is 156,000
|
$90.55
-4.09%
|
2/14/2017
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$84.30
|
PP = $82.28
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|
MB = $86.39
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Most Recent Note - 4/18/2017 1:54:00 PM
G - Color code is changed to green after rising back above its "max buy" level. Found support while consolidating in an orderly fashion above its 50 DMA line. Old highs the $82 area define the next important support level to watch.
>>> FEATURED STOCK ARTICLE : Ordinary Pullback From Highs With Lighter Volume - 3/22/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$63.60
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+0.67
1.06% |
$63.77
|
215,534
138.16% of 50 DAV
50 DAV is 156,000
|
$64.32
-1.12%
|
9/29/2016
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$46.12
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PP = $47.82
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|
MB = $50.21
|
Most Recent Note - 4/19/2017 5:31:29 PM
G - Posted another gain with higher volume for its second-best close ever. Subsequent losses below the 50 DMA line and recent low ($57.89 on 4/11/17) would raise greater concerns and trigger a more worrisome technical sell signal. Repeatedly noted with caution - "The 2 latest quarterly comparisons (Sep and Dec '16) were below the +25% minimum earnings guideline (C criteria), and its waning sales revenues growth rate was also noted recently as a fundamental concern. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Support Shown Promptly After 50-Day Moving Average Violation - 4/19/2017 |
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C
A
S
I |
SIRI
-
NASDAQ
Sirius X M Holdings Inc
MEDIA - Broadcasting - Radio
|
$5.07
|
+0.01
0.20% |
$5.08
|
50,412,358
218.63% of 50 DAV
50 DAV is 23,058,000
|
$5.53
-8.32%
|
3/13/2017
|
$5.48
|
PP = $5.32
|
|
MB = $5.59
|
Most Recent Note - 4/19/2017 4:21:19 PM
G - Managed a "positive reversal" for a one cent gain backed by twice its average volume, up from the session's early low ($4.95). Color code was changed to green after early losses undercut the recent low ($5.04 on 3/27/17). A rebound and close above its 50 DMA line ($5.09) is needed for its outlook to improve. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Above Near-Term Support Level - 4/13/2017 |
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C
A
S
I |
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 |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$30.70
|
+0.20
0.66% |
$30.85
|
260,679
62.21% of 50 DAV
50 DAV is 419,000
|
$31.70
-3.15%
|
2/14/2017
|
$25.10
|
PP = $24.55
|
|
MB = $25.78
|
Most Recent Note - 4/17/2017 5:47:22 PM
G - Gain today with below average volume led to a best-ever close. Disciplined investors avoid chasing extended stocks. During recent consolidations it found support well above its 50 DMA line and above prior highs in the $24 area.
>>> FEATURED STOCK ARTICLE : Perched Near High, Extended From Prior Base - 4/3/2017 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$279.46
|
-3.40
-1.20% |
$282.43
|
1,042,008
162.38% of 50 DAV
50 DAV is 641,700
|
$289.27
-3.39%
|
3/6/2017
|
$274.96
|
PP = $278.73
|
|
MB = $292.67
|
Most Recent Note - 4/19/2017 12:47:41 PM
Y - A volume-driven loss today is raising concerns and testing prior highs in the $278 area defining important support along with its 50 DMA line ($279.61). More damaging losses leading to violations would raise concerns and trigger technical sell signals. Its Relative Strength rating has slumped to 79, just below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling Following Technical Breakout - 4/7/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$38.72
|
+0.78
2.06% |
$39.50
|
1,365,353
198.74% of 50 DAV
50 DAV is 687,000
|
$38.53
0.49%
|
4/4/2017
|
$36.38
|
PP = $36.81
|
|
MB = $38.65
|
Most Recent Note - 4/19/2017 12:22:26 PM
G - Color code is changed to green as today's volume-driven gain has it rallying above its "max buy" level to a new all-time high. Its 50 DMA line ($35.94) and recent lows define important near-term support.
>>> FEATURED STOCK ARTICLE : Quiet Volume Behind Gain for New High Close - 4/10/2017 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$51.01
|
+0.70
1.39% |
$51.42
|
863,730
69.15% of 50 DAV
50 DAV is 1,249,000
|
$51.95
-1.81%
|
3/16/2017
|
$49.00
|
PP = $48.05
|
|
MB = $50.45
|
Most Recent Note - 4/18/2017 5:37:53 PM
G - Still hovering near its all-time high, stubbornly holding its ground. Prior highs in the $47-48 area define support coinciding with its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near High, Stubbornly Holding its Ground - 4/18/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$133.83
|
+0.87
0.65% |
$134.80
|
450,465
52.02% of 50 DAV
50 DAV is 866,000
|
$135.27
-1.06%
|
4/17/2017
|
$132.75
|
PP = $135.27
|
|
MB = $142.03
|
Most Recent Note - 4/17/2017 5:45:41 PM
Y - Volume totals have been cooling while stubbornly holding its ground, remaining perched near its all-time high. It has formed an advanced "3-weeks tight" base and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited would trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After a Considerable Rally - 4/5/2017 |
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C
A
S
I |
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 |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$52.00
|
+0.05
0.10% |
$52.50
|
104,186
68.54% of 50 DAV
50 DAV is 152,000
|
$53.00
-1.89%
|
4/17/2017
|
$51.75
|
PP = $53.10
|
|
MB = $55.76
|
Most Recent Note - 4/17/2017 5:52:59 PM
Y - Volume totals have been cooling while hovering in a tight range near its all-time high. It recently formed an advanced "3-weeks tight" base and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($47.83) defines initial support to watch above prior highs in the $44 area.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High Following Volume-Driven Gains - 4/4/2017 |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$77.09
|
+1.41
1.86% |
$77.64
|
108,242
63.67% of 50 DAV
50 DAV is 170,000
|
$79.94
-3.57%
|
4/17/2017
|
$76.77
|
PP = $80.04
|
|
MB = $84.04
|
Most Recent Note - 4/19/2017 4:28:30 PM
Y - Posted a gain with light volume, still building on a new flat base within close striking distance of its all-time high. New pivot point cited was based on its 3/01/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($73.09) defines near-term support to watch above prior highs in the $69 area.
>>> FEATURED STOCK ARTICLE : Best Ever Close For High-Ranked Medical Product Maker - 3/31/2017 |
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C
A
S
I |
PLAY
-
NASDAQ
Dave & Buster's Ent Inc
Retail-Restaurants
|
$61.32
|
+0.88
1.46% |
$61.62
|
748,737
93.01% of 50 DAV
50 DAV is 805,000
|
$63.12
-2.85%
|
2/23/2017
|
$55.41
|
PP = $58.35
|
|
MB = $61.27
|
Most Recent Note - 4/18/2017 2:23:15 PM
G - Holding its ground within striking distance of its all-time high. Reported earnings +19% on +15% sales revenues for the Jan '17 quarter, below the +25% minimum guideline (C criteria). Its 50 DMA line ($58.55) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Retreated From All-Time High Following Earnings Report - 3/29/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$35.55
|
+0.15
0.42% |
$36.10
|
1,008,910
179.52% of 50 DAV
50 DAV is 562,000
|
$35.80
-0.70%
|
3/27/2017
|
$32.80
|
PP = $33.55
|
|
MB = $35.23
|
Most Recent Note - 4/18/2017 12:29:56 PM
Y - Perched near its all-time high following a big volume-driven gain and best-ever close. Stubbornly holding its ground after reporting earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : No Resistance Remains and Earnings News is Due - 3/27/2017 |
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C
A
S
I |
MOMO
-
NASDAQ
Momo Inc Ads Cl A
INTERNET - Content
|
$37.21
|
+0.44
1.20% |
$38.15
|
4,049,583
80.77% of 50 DAV
50 DAV is 5,014,000
|
$39.25
-5.20%
|
3/7/2017
|
$29.71
|
PP = $27.83
|
|
MB = $29.22
|
Most Recent Note - 4/18/2017 12:27:35 PM
G - Hovering near its all-time high, very extended from the previously noted base. Its 50 DMA line ($31) and prior highs in the $28 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 4/6/2017 |
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C
A
S
I |
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 |
|
|
|
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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
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