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AFTER MARKET UPDATE - FRIDAY, APRIL 29TH, 2016
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DOW |
-57.12 |
17,773.64 |
-0.32% |
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Volume |
1,259,498,050 |
+26% |
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Volume |
2,158,769,170 |
+10% |
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NASDAQ |
-29.93 |
4,775.36 |
-0.62% |
|
Advancers |
1,267 |
42% |
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Advancers |
1,030 |
32% |
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S&P 500 |
-10.51 |
2,065.30 |
-0.51% |
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Decliners |
1,720 |
58% |
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Decliners |
2,142 |
68% |
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Russell 2000 |
-9.55 |
1,130.84 |
-0.84% |
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52 Wk Highs |
99 |
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52 Wk Highs |
53 |
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S&P 600 |
-3.83 |
694.56 |
-0.55% |
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52 Wk Lows |
11 |
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52 Wk Lows |
35 |
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Nasdaq Leading Retreat as Major Indices Slump
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow and S&P 500 lost 1.3% while the Nasdaq tumbled 2.7%. In April, the Dow added 0.5%, the S&P 500 ticked up 0.3%, while The Nasdaq declined 1.9%. Stocks finished lower on Friday. The Dow was down 57 points to 17773. The S&P 500 lost 10 points to 2065. The Nasdaq Composite fell 29 points to 4775. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 3-2 margin on the NYSE by more than a 2-1 margin on the Nasdaq exchange. There were 15 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 33 on the prior session. The new 52-week highs totals outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The Nasdaq Composite Index ended below its 50-day and 200-day moving average (DMA) lines after 7 consecutive losses, notably weaker than the other major indices. The tech-heavy index is -8.73% off its record high hit last July.
The market is maintaining a confirmed uptrend (M criteria) while the DOW and S&P 500 Index are consolidating above their respective 50-day and 200-day moving average (DMA) lines. Sustained rallies require a healthy crop of leaders (stocks hitting new highs) so the recent expansion in new highs was a reassuring sign. However, very few issues have appeared to meet the fact-based investment system's guidelines or make meaningful headway in recent weeks. 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 declined on the last trading day of the month amid mixed earnings reports and disappointing economic news. On the data front, personal income rose 0.4% while spending grew 0.1% in March. Separate releases showed Midwest business activity slowed and consumer sentiment was unexpectedly revised down this month. Seven of ten sectors in the S&P 500 finished lower on the session. Health Care stocks led the losses with Gilead Sciences (GILD -9.06%) down as its quarterly profits fell short of forecasts. In tech, Seagate Technology (STX -19.07%) tumbled after missing earnings estimates. Consumer discretionary shares outperformed with Amazon.com (AMZN +9.57%) surging as the company easily bested analyst expectations on the bottom line. In Energy, Chevron (CVX -0.21%) fell after posting a wider-than-anticipated quarterly loss. Treasuries were little changed with the benchmark 10-year note flat yielding 1.82%. In commodities, NYMEX WTI crude slipped 0.1% to $46.01/barrel. COMEX gold added 2.2% to $1294.30/ounce. In FOREX, the dollar weakened against the euro and yen. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Retail, and Oil Services Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials created a drag on Friday as the Bank Index ($BKX -0.83%) and the Broker/Dealer Index ($XBD -0.95%) both lost ground, meanwhile the Retail Index ($RLX +2.28%) finished solidly higher. The tech sector suffered as the Semiconductor Index ($SOX -2.62%) and the Biotechnology Index ($BTK -2.48%) outpaced the Networking Index ($NWX -0.80%) to the downside. The Gold & Silver Index ($XAU +6.61%) was a standout gainer and the Oil Services Index ($OSX +0.91%) rose, meanwhile the Integrated Oil Index ($XOI -0.84%) fell. Charts courtesy www.stockcharts.com
 PICTURED: The Networking Index ($NWX -0.80%) recently has been sputtering below its 50-day moving average (DMA) line after meeting resistance at its 200 DMA line..
| Oil Services |
$OSX |
180.32 |
+1.63 |
+0.91% |
+14.32% |
| Integrated Oil |
$XOI |
1,160.27 |
-9.82 |
-0.84% |
+8.16% |
| Semiconductor |
$SOX |
645.34 |
-17.35 |
-2.62% |
-2.73% |
| Networking |
$NWX |
355.09 |
-2.86 |
-0.80% |
-5.54% |
| Broker/Dealer |
$XBD |
162.05 |
-1.56 |
-0.95% |
-9.01% |
| Retail |
$RLX |
1,282.31 |
+28.59 |
+2.28% |
-0.09% |
| Gold & Silver |
$XAU |
92.85 |
+5.95 |
+6.85% |
+104.97% |
| Bank |
$BKX |
69.09 |
-0.58 |
-0.83% |
-5.46% |
| Biotech |
$BTK |
3,084.36 |
-78.33 |
-2.48% |
-19.13% |
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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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