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AFTER MARKET UPDATE - WEDNESDAY, APRIL 20TH, 2016
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DOW |
+42.67 |
18,096.27 |
+0.24% |
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Volume |
961,505,690 |
+10% |
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Volume |
1,622,830,220 |
-2% |
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NASDAQ |
+7.80 |
4,948.13 |
+0.16% |
|
Advancers |
1,704 |
57% |
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Advancers |
1,558 |
55% |
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S&P 500 |
+1.60 |
2,102.40 |
+0.08% |
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Decliners |
1,289 |
43% |
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Decliners |
1,259 |
45% |
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Russell 2000 |
+2.06 |
1,142.29 |
+0.18% |
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52 Wk Highs |
133 |
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52 Wk Highs |
78 |
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S&P 600 |
+0.27 |
700.32 |
+0.04% |
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52 Wk Lows |
2 |
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52 Wk Lows |
20 |
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Major Averages Rose Again But With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were modestly higher on Wednesday. The Dow added 43 points to 18096. The S&P 500 was up 2 points at 2102. The Nasdaq Composite rose 8 points at 4948. The volume totals were reported higher on the NYSE but slightly lower on the Nasdaq exchange. Advancers led decliners by nearly a 3-2 margin on the NYSE, but by a narrower 7-6 margin on the Nasdaq exchange. Leadership contracted as there were 28 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 59 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Nasdaq Composite Index faces near-term resistance at prior highs and a downward trendline. It is -5.4% off its record high hit last July.
The DOW, S&P 500 Index, and Nasdaq Composite rallied further above their respective 50-day and 200-day moving average (DMA) lines. A recent expansion in new highs was noted as 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 ended a choppy session in positive territory as oil rallied and investors digested a flurry of corporate earnings releases. WTI crude recovered from early losses after a Department of Energy report showed U.S. inventories rose less than expected in the most recent week. In economic news, existing home sales grew 5.1% in March, exceeding a projected 3.9% increase. On the earnings front, Discover Financial (DFS +8.16%) rose after the credit card issuer posted results above analysts’ estimates. American Express (AXP +2.28%) and YUM! Brands (YUM +0.49%) were both higher ahead of their scheduled releases. Intel (INTC +1.27%) rose despite reducing its current quarter revenue guidance. Financials and Energy were the best performing sectors while Consumer Staples and Utilities were down the most on the session. U.S. Bancorp (USB +1.96%) rose after profits matched consensus projections. Chevron (CVX +1.18%) posted a gain. Coca-Cola (KO -4.79%) slid despite its quarterly results beating analyst predictions. Consolidated Edison (ED -3.35%) was lower. Treasuries finished lower along the curve. The benchmark 10-year note was down 17/32 to yield 1.85%. In commodities, NYMEX WTI crude surged 3.8% to $42.63/barrel. COMEX gold lost 0.7% to $1244.70/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech and Energy Groups Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials had a positive influence on the major indices as the Bank Index ($BKX +1.76%) and the Broker/Dealer Index ($XBD +1.33%) both rose, meanwhile the Retail Index ($RLX +0.17%) posted a tiny gain on Wednesday. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -1.77%) pulled back while the Oil Services Index ($OSX +1.03%) and Integrated Oil Index ($XOI +0.46%) both posted gains. The Networking Index ($NWX +0.96%) and the Semiconductor Index ($SOX +0.98%) both outpaced the Biotechnology Index ($BTK +0.28%). Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX +1.76%) is nearly challenging its 200-day moving average (DMA) line. It made a sharp rebound in recent weeks following a pullback below the 50 DMA line where prompt support arrived in early April.
| Oil Services |
$OSX |
171.63 |
+1.75 |
+1.03% |
+8.81% |
| Integrated Oil |
$XOI |
1,147.45 |
+5.23 |
+0.46% |
+6.97% |
| Semiconductor |
$SOX |
672.15 |
+6.54 |
+0.98% |
+1.31% |
| Networking |
$NWX |
351.53 |
+3.35 |
+0.96% |
-6.49% |
| Broker/Dealer |
$XBD |
166.51 |
+2.18 |
+1.33% |
-6.50% |
| Retail |
$RLX |
1,284.59 |
+2.16 |
+0.17% |
+0.09% |
| Gold & Silver |
$XAU |
81.52 |
-1.47 |
-1.77% |
+79.96% |
| Bank |
$BKX |
69.61 |
+1.21 |
+1.77% |
-4.75% |
| Biotech |
$BTK |
3,183.03 |
+8.92 |
+0.28% |
-16.54% |
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Met Resistance When Poised to Breakout From Longer Base Pattern
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
N V 5 Global Inc (NVEE -$1.37 or -4.89% to $26.63) fell today with nearly twice its average volume behind the loss, contrasting with bullish gains from the major averages. It encountered distributional pressure after reaching new 52-week and all-time highs with a volume-driven gain on the prior session. Its color code was changed to yellow with a new pivot point cited based on its 4/01/16 high plus 10 cents. It was noted - "A convincing close above the pivot point in new all-time high territory may signal the beginning of a meaningful advance."
The high-ranked Commercial Services - Consulting firm stubbornly held its ground yet it made limited progress from from the previously cited "double bottom" base pattern. It was first highlighted with a pivot point based on its 12/02/15 high in the 3/14/16 mid-day report (read here) and then finished strong and triggered a technical buy signal while rising from an 8-month double bottom base with +142% above average volume.
It completed a new Public Offering on 5/22/15. They reported earnings +32% on +47% sales revenues for the Dec '15 quarter. Prior quarterly earnings comparisons have been mostly above the +25% minimum guideline (C criteria), and its strong annual earnings (A criteria) history helps it match the fundamental guidelines of the fact-based investment system. The number of top-rated funds owning its shares rose from 13 in Mar '15 to to 122 in Mar '16. Its current Up/Down Volume Ratio of 2.4 is an unbiased sign of institutional buying demand over the past 50 days, another reassuring sign concerning the I criteria. |
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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 |
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Max Buy |
JBSS
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NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$62.47
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-3.40
-5.16% |
$66.85
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105,133
81.50% of 50 DAV
50 DAV is 129,000
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$72.84
-14.24%
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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 - 4/20/2016 5:58:39 PM
G - Ended near the session low for a big loss today on below average volume. Its short-term average line acted as resistance, and a convincing rebound above the 50 DMA line ($67.39) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Endured Distributional Pressure During Recent Consolidation - 4/6/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MXL
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NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$16.99
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+1.13
7.12% |
$17.20
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2,497,427
180.97% of 50 DAV
50 DAV is 1,380,000
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$19.10
-11.04%
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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 - 4/20/2016 12:22:46 PM
G - Rebounding near its 50 DMA line ($16.98) today, finding prompt support following a considerable loss on 4 times average volume that raised concerns and triggered a technical sell signal. Members were reminded - "Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Only a prompt rebound above the 50 DMA line would, help its outlook improve."
>>> FEATURED STOCK ARTICLE : Found Support Above 50 DMA Line Consolidating Near 52-week High - 4/1/2016 |
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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$26.63
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-1.37
-4.89% |
$28.00
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88,903
189.16% of 50 DAV
50 DAV is 47,000
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$28.66
-7.09%
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4/19/2016
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$28.20
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PP = $28.10
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MB = $29.51
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Most Recent Note - 4/20/2016 6:02:08 PM
Y - Ended near the session low today with a big loss on above average volume. Encountered distributional pressure after reaching new 52-week and all-time highs on the prior session. A convincing close above the pivot point in new all-time high territory may signal the beginning of a meaningful advance. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Met Resistance When Poised to Breakout From Longer Base Pattern - 4/20/2016 |
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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