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AFTER MARKET UPDATE - TUESDAY, JUNE 7TH, 2016
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DOW |
+17.95 |
17,938.28 |
+0.10% |
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Volume |
844,821,160 |
-1% |
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Volume |
1,595,627,700 |
+5% |
NASDAQ |
-6.96 |
4,961.75 |
-0.14% |
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Advancers |
1,900 |
63% |
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Advancers |
1,483 |
51% |
S&P 500 |
+2.72 |
2,112.13 |
+0.13% |
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Decliners |
1,131 |
37% |
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Decliners |
1,404 |
49% |
Russell 2000 |
+3.10 |
1,179.97 |
+0.26% |
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52 Wk Highs |
210 |
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52 Wk Highs |
115 |
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S&P 600 |
+2.77 |
720.15 |
+0.39% |
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52 Wk Lows |
9 |
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52 Wk Lows |
28 |
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Indices Erased Early Gains to End Session Mixed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly higher on Tuesday. The Dow was up 19 points to 17939. The S&P 500 gained 2 points to 2112. The Nasdaq Composite fell 6 points to 4961. The volume totals were mixed, lighter on the NYSE and higher on the Nasdaq exchange versus the prior session. Breadth was positive as advancers led decliners by nearly 2-1 on the NYSE but the mix was near even on the Nasdaq exchange. There were 68 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, versus the total of 71 on the prior session. New 52-highs solidly outnumbered new 52-week lows on both the NYSE and Nasdaq exchanges. PICTURED: The S&P 500 Index inched above its April high. The benchmark index is perched only -1.1% off its May 20, 2015 all-time high (not shown).
The market's confirmed uptrend (M criteria) continues. The S&P 500 Index and Nasdaq Composite Index have both rebounded near their April highs and well above the 50-day moving average (DMA) lines. The Dow Jones Industrial Average has recently found support near its 50 DMA line, but it has been lagging behind its peers. Leadership recently improved as more stocks hit new highs and additional stocks were listed on the Featured Stocks Page. The major averages gave back a strong morning advance as weakness in the Health Care sector tempered gains in Energy shares. NYMEX WTI crude added 1.4% to $50.36/barrel, its first close above $50 since late July. On the data front, non-farm productivity fell 0.6% in the first quarter, revised from a 1% drop. In a separate release, economic optimism for June ticked down to 48.2, slightly below the previous month reading of 48.7. Six of 10 sectors in the S&P 500 finished in positive territory. In M&A news, Verizon (VZ +2.05%) rose on news the company will resubmit a bid for Yahoo!’s core internet assets. Valeant (VRX -14.59%) fell after the pharmaceutical company reported a lower-than-expected quarterly profit and cut its full-year earnings forecast. United Natural Foods (UNFI +14.04%) rallied as the food distributor bested estimates. Biogen (BIIB -12.76%) was a notable decliner. Treasuries advanced with the benchmark 10-year note up 6/32 to yield 1.71%. In commodities, COMEX gold was off 0.3% to $1241.40/ounce. In FOREX, the British pound gained 0.7% against the dollar after separate polls showed a slight lead for the ‘Remain’ campaign to stay in the European Union.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Networking, Semiconductor and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.76%) and the Broker/Dealer Index ($XBD -1.01%) created a drag on the major averages. The Biotechnology Index ($BTK -1.72%) fell while the Networking Index ($NWX +1.02%) and the Semiconductor Index ($SOX +0.97%) both rose. The Retail Index ($RLX +0.26%) also ended slightly higher. The Oil Services Index ($OSX +2.37%) and the Integrated Oil Index ($XOI +2.65%) posted solid gains, but the Gold & Silver Index ($XAU -1.42%) slumped. Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI +2.65%) rallied from its 50-day moving average (DMA) line toward prior highs.
Oil Services |
$OSX |
178.88 |
+4.14 |
+2.37% |
+13.41% |
Integrated Oil |
$XOI |
1,159.78 |
+29.91 |
+2.65% |
+8.12% |
Semiconductor |
$SOX |
710.55 |
+6.85 |
+0.97% |
+7.09% |
Networking |
$NWX |
379.22 |
+3.84 |
+1.02% |
+0.88% |
Broker/Dealer |
$XBD |
165.93 |
-1.68 |
-1.01% |
-6.83% |
Retail |
$RLX |
1,301.59 |
+3.37 |
+0.26% |
+1.41% |
Gold & Silver |
$XAU |
88.63 |
-1.28 |
-1.42% |
+95.65% |
Bank |
$BKX |
70.16 |
-0.54 |
-0.76% |
-4.00% |
Biotech |
$BTK |
3,279.61 |
-57.23 |
-1.72% |
-14.01% |
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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***
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 |
TDG
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NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$266.67
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+1.37
0.52% |
$267.15
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621,713 75.82% of 50 DAV
50 DAV is 820,000
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$267.39 -0.27%
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5/11/2016
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$248.33
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PP = $245.00
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MB = $257.25
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Most Recent Note - 6/7/2016 5:09:53 PM
G - Holding its ground stubbornly near all-time highs. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 6/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CSFL
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NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$15.73
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-0.14
-0.88% |
$15.92
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73,168 46.54% of 50 DAV
50 DAV is 157,200
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$16.59 -5.18%
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5/27/2016
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$15.80
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PP = $16.69
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MB = $17.52
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Most Recent Note - 6/3/2016 5:00:40 PM
Y - Ended near the session high for a tiny loss after intra-day lows undercutting its 50 DMA line ($15.54). Prior noted cautioned - "Subsequent volume-driven gains for new highs are needed to trigger a proper technical buy signal before action may be justified under the fact-based investment system."
>>> FEATURED STOCK ARTICLE : Forming Ideal Base and Fundamentals Are Favorable - 5/27/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$14.92
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-0.15
-1.00% |
$15.35
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57,819 94.79% of 50 DAV
50 DAV is 61,000
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$15.64 -4.60%
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6/6/2016
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$15.19
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PP = $15.74
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MB = $16.53
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Most Recent Note - 6/6/2016 6:00:01 PM
Y - Highlighted in yellow with pivot point based on its 4/20/16 high plus 10 cents in the the earlier mid-day report. Finished unchanged today after challenging its 52-week high. Volume-driven gains above the pivot point are needed to trigger a technical buy signal. Reported earnings +88% on +20% sales revenues for the Mar '16 quarter, marking its 3rd consecutive quarterly earnings increase above the +25% minimum earnings guideline and helping it better match the fact-based investment system's guidelines. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of New Highs - 6/6/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$20.80
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+0.08
0.39% |
$20.98
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995,187 76.55% of 50 DAV
50 DAV is 1,300,000
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$20.94 -0.67%
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5/16/2016
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$19.24
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PP = $19.20
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MB = $20.16
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Most Recent Note - 6/7/2016 5:10:50 PM
G - Quietly touched a new high today. Prior highs near $19 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Latest Base After Recently Wedging Higher - 6/2/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PATK
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NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$53.10
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-0.15
-0.28% |
$53.78
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98,273 70.70% of 50 DAV
50 DAV is 139,000
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$54.15 -1.94%
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5/24/2016
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$53.45
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PP = $50.68
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MB = $53.21
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Most Recent Note - 6/6/2016 12:59:31 PM
G - Inching further into new 52-week high today with today's gain backed by higher volume. Disciplined investors avoid chasing extended stocks. Prior highs define near term support in the $50 area, above its 50 DMA line ($48.35).
>>> FEATURED STOCK ARTICLE : Solid Volume-Driven Gain Into New High Territory - 5/24/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
NVEE
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NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$28.61
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+0.22
0.77% |
$28.80
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44,258 40.60% of 50 DAV
50 DAV is 109,000
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$30.21 -5.30%
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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 - 6/7/2016 5:07:34 PM
Y - Still consolidating below its "max buy" level. Hit a new 52-week high with a volume-driven gain on 6/01/16 following M&A news. Support is defined by its 50 DMA line ($26.83) and a multi-month upward trendline.
>>> FEATURED STOCK ARTICLE : Consolidating Near Highs After Completing New Public Offering - 5/31/2016 |
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.
This report is a service available
only to active Paid Premium Members.
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