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AFTER MARKET UPDATE - TUESDAY, APRIL 26TH, 2016
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DOW |
+13.08 |
17,990.32 |
+0.07% |
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Volume |
897,367,460 |
+4% |
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Volume |
1,669,952,380 |
+15% |
NASDAQ |
-7.48 |
4,888.31 |
-0.15% |
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Advancers |
2,330 |
77% |
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Advancers |
1,856 |
63% |
S&P 500 |
+3.91 |
2,091.70 |
+0.19% |
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Decliners |
681 |
23% |
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Decliners |
1,081 |
37% |
Russell 2000 |
+12.63 |
1,150.73 |
+1.11% |
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52 Wk Highs |
75 |
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52 Wk Highs |
52 |
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S&P 600 |
+9.09 |
705.33 |
+1.31% |
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52 Wk Lows |
4 |
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52 Wk Lows |
26 |
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Volume Rose and Leadership Improved While Indices Ended Mixed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finish little changed on Tuesday. The Dow was up 13 points to 17990. The S&P 500 added 4 points to 2091. The Nasdaq Composite fell 7 points to 4888. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and by a 9-5 margin on the Nasdaq exchange. Leadership improved as there were 26 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 15 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 ended -6.57% off its record high hit last July.
Members are reminded that any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The DOW, S&P 500 Index, and Nasdaq Composite have established confirmed uptrends and are above their respective 50-day and 200-day moving average (DMA) lines. 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 broadly higher as investors digested mixed corporate earnings reports. Procter & Gamble (PG -2.28%) fell after posting revenues below forecasts. DuPont (DD +2.40%) rose on its increased full-year guidance. Market participants also appeared cautious as the Fed began its two-day policy meeting. On the data front, durable goods orders were up 0.8% in March versus a projected 1.9% increase and 3.0% decline in February. In a separate release, consumer confidence fell more than expected in April. Another report showed home prices rose 5.4% from a year ago in February. Energy was the best performing group as oil rallied. Pioneer Natural Resources (PXD +7.73%) following its positive quarterly results. Conoco Phillips (COP +3.91%) rose. Technology was down the most on the session as disappointing earnings weighed on the sector’s performance. Corning (GLW -8.35%) fell as profits missed analyst estimate. Apple (AAPL -0.69%) fell ahead of its scheduled release. Treasuries declined for a seventh-consecutive session. The benchmark 10-year note fell 5/32 to yield 1.93%. In commodities, NYMEX WTI crude jumped 3.3% to $44.04/barrel. COMEX gold gained 0.3% to $1242.50/ounce.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Networking, Semiconductor, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials had a positive influence on the major indices on Tuesday as the Bank Index ($BKX +1.02%) and the Broker/Dealer Index ($XBD +1.03%) both rose, meanwhile the Retail Index ($RLX -0.07%) sputtered. Commodity-linked groups were positive as the Gold & Silver Index ($XAU +2.38%), Integrated Oil Index ($XOI +1.74%) and the Oil Services Index ($OSX +0.40%) each ended higher. The Networking Index ($NWX +1.14%) and the Semiconductor Index ($SOX +1.37%) both tallied solid gains, meanwhile the Biotechnology Index ($BTK -1.19%) ended lower. Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX +0.40%) is consolidating after rebounding as much as +46.7% from its January '16 low.
Oil Services |
$OSX |
173.51 |
+0.70 |
+0.41% |
+10.00% |
Integrated Oil |
$XOI |
1,173.55 |
+20.13 |
+1.74% |
+9.40% |
Semiconductor |
$SOX |
674.42 |
+9.10 |
+1.37% |
+1.65% |
Networking |
$NWX |
358.77 |
+4.04 |
+1.14% |
-4.56% |
Broker/Dealer |
$XBD |
171.08 |
+1.75 |
+1.03% |
-3.94% |
Retail |
$RLX |
1,273.82 |
-0.87 |
-0.07% |
-0.75% |
Gold & Silver |
$XAU |
82.07 |
+1.91 |
+2.38% |
+81.17% |
Bank |
$BKX |
70.45 |
+0.71 |
+1.02% |
-3.60% |
Biotech |
$BTK |
3,220.46 |
-38.95 |
-1.19% |
-15.56% |
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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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