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AFTER MARKET UPDATE - TUESDAY, JUNE 21ST, 2016
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DOW |
+24.86 |
17,829.73 |
+0.14% |
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Volume |
831,212,050 |
-6% |
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Volume |
1,559,717,210 |
-5% |
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NASDAQ |
+6.55 |
4,843.76 |
+0.14% |
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Advancers |
1,683 |
57% |
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Advancers |
1,250 |
43% |
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S&P 500 |
+5.65 |
2,088.90 |
+0.27% |
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Decliners |
1,291 |
43% |
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Decliners |
1,672 |
57% |
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Russell 2000 |
-3.83 |
1,153.87 |
-0.33% |
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52 Wk Highs |
111 |
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52 Wk Highs |
49 |
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S&P 600 |
-1.76 |
708.28 |
-0.25% |
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52 Wk Lows |
15 |
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52 Wk Lows |
58 |
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Indices Inched Higher With Lighter Volume on Mixed Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 24 points to 17829. The S&P 500 gained 5 points to 2088 and the Nasdaq Composite added 6 points to 4843. The volume totals were lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 4-3 margin on the NYSE but decliners led advancers 4-3 on the Nasdaq exchange. There were 24 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 37 on the prior session. New 52-highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line.
With gains on Monday the S&P 500 Index and Dow Jones Industrial Average both managed to claw above their 50 DMA lines, respectively. The market's confirmed uptrend (M criteria) endured pressure, however, leadership recently improved and new stocks were listed on the Featured Stocks Page as noteworthy buy candidates. The major averages advanced for a second day as investors digested comments from Fed Chair Janet Yellen. Yellen reiterated a cautious approach to interest-rate policies citing the possibility of uneven U.S. economic growth amid global uncertainty. Oversees, European shares finished higher amid easing “Brexit” concerns ahead of the U.K. referendum on June 23. The broad Euro STOXX 600 climbed 0.7%, to cap off its biggest three-day advance in 11 months. Six of 10 sectors in the S&P 500 finished in positive territory. Energy and Telecom paced the gains while Materials declined. United Continental (UAL +3.36%) rose as the airline announced it expects $3.1 billion a year in operating income by 2018. Adobe Systems (ADBE +1.77%) rose ahead of its scheduled release after the closing bell. CarMax (KMX -4.92%) fell as comparable same store sales narrowly missed estimates. Werner Enterprises (WERN -9.60%) with news the transportation company released a negative pre-announcement. Treasuries declined with the benchmark 10-year note down 4/32 to yield 1.70%. In commodities, NYMEX WTI crude fell 1.1% to $48.85/barrel. COMEX gold lost 1.8% to $1267.10/ounce. In FOREX, the dollar gained against the yen and euro. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank, Semiconductor, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.35%) and the Bank Index ($BKX +0.40%) were mixed on Tuesday, and the Retail Index ($RLX -0.07%) finished flat. The Biotechnology Index ($BTK -1.54%) fell and the Networking Index ($NWX -0.25%) edged lower while the Semiconductor Index ($SOX +0.33%) posted a small gain. The Gold & Silver Index ($XAU -1.94%) fell while the Integrated Oil Index ($XOI +1.09%) and the Oil Services Index ($OSX +0.84%) both rose. Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI +1.09%) found support at its 200-day moving average (DMA) line and rebounded above its 50 DMA line.
| Oil Services |
$OSX |
170.90 |
+1.41 |
+0.83% |
+8.35% |
| Integrated Oil |
$XOI |
1,143.68 |
+12.31 |
+1.09% |
+6.62% |
| Semiconductor |
$SOX |
699.40 |
+2.32 |
+0.33% |
+5.41% |
| Networking |
$NWX |
370.71 |
-0.93 |
-0.25% |
-1.39% |
| Broker/Dealer |
$XBD |
157.55 |
-0.55 |
-0.35% |
-11.54% |
| Retail |
$RLX |
1,282.63 |
-0.85 |
-0.07% |
-0.07% |
| Gold & Silver |
$XAU |
89.25 |
-1.77 |
-1.94% |
+97.02% |
| Bank |
$BKX |
66.71 |
+0.26 |
+0.39% |
-8.72% |
| Biotech |
$BTK |
3,001.16 |
-46.92 |
-1.54% |
-21.31% |
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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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$262.74
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+1.27
0.49% |
$263.66
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534,683
63.20% of 50 DAV
50 DAV is 846,000
|
$268.00
-1.96%
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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 - 6/21/2016 4:50:23 PM
G - Color code is changed to green after trading back above its "max buy" level. Prior highs and its 50 DMA line define near-term support in the $242-244 area.
>>> 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 |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$12.21
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-0.47
-3.71% |
$12.80
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171,818
286.36% of 50 DAV
50 DAV is 60,000
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$15.64
-21.93%
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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 - 6/21/2016 4:46:34 PM
Slumped further below its 50 DMA line today while enduring more damaging distributional pressure. Only a prompt rebound would help its outlook improve. It will be dropped from the Featured Stocks list tonight.
>>> 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 |
Request a new note
C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$19.13
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-0.08
-0.42% |
$19.37
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469,028
37.67% of 50 DAV
50 DAV is 1,245,000
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$20.98
-8.81%
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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 - 6/21/2016 4:49:19 PM
Y - Volume totals have been cooling while quietly consolidating. Prior highs in the $19 area define support to watch above its 50 DMA line ($18.64).
>>> 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
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$55.71
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+0.12
0.22% |
$56.34
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112,073
86.21% of 50 DAV
50 DAV is 130,000
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$55.99
-0.50%
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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 - 6/20/2016 4:00:40 PM
G - Touched another new 52-week high today. Prior highs define near term support in the $50 area, above its 50 DMA line ($49.69).
>>> FEATURED STOCK ARTICLE : Extended From Base After Another Volume-Driven Gain - 6/16/2016 |
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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$28.12
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+0.37
1.33% |
$28.15
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80,912
72.89% of 50 DAV
50 DAV is 111,000
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$30.21
-6.92%
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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 - 6/17/2016 4:49:40 PM
Y - Color code is changed to yellow after a prompt rebound above the 50 DMA line ($26.98) helped its outlook improve. Recent lows define the next important support to watch.
>>> 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 |
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 |
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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.
You may opt-out of receiving report notifications
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or 954-785-1121.
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