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AFTER MARKET UPDATE - MONDAY, JULY 11TH, 2016
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DOW |
+80.19 |
18,226.93 |
+0.44% |
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Volume |
788,069,310 |
-13% |
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Volume |
1,575,967,480 |
-11% |
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NASDAQ |
+31.88 |
4,988.64 |
+0.64% |
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Advancers |
2,065 |
69% |
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Advancers |
1,956 |
68% |
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S&P 500 |
+7.26 |
2,137.16 |
+0.34% |
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Decliners |
934 |
31% |
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Decliners |
937 |
32% |
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Russell 2000 |
+12.67 |
1,190.03 |
+1.08% |
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52 Wk Highs |
414 |
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52 Wk Highs |
217 |
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S&P 600 |
+8.13 |
730.53 |
+1.13% |
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52 Wk Lows |
8 |
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52 Wk Lows |
26 |
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Benchmark S&P 500 Index Hits New Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 80 points to 18226. The S&P 500 gained 26 points to 2124 and the Nasdaq Composite added 31 points to 4988. The benchmark S&P 500 Index hit a new record high while the Dow Jones Industrial Average ended -0.7% off its record high. Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria). The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 2-1 margin on the NYSE and on the Nasdaq exchange. Leadership expanded as there were 119 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 98 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The 5-year graph shows the Nasdaq Composite Index perched -4.6% off its record high hit July 20, 2015.
The S&P 500 climbed to an all-time high on Monday extending the rally from last week’s better-than-expected jobs report. Stocks advanced as investors looked ahead to the start of second-quarter earnings season. There was a gain for shares of Alcoa (AA +3.26%), which unofficially kicked off reporting season after the close. In M&A news, Kinder Morgan (KMI +3.67%) rose as the company sold a 50% stake in its southeastern pipeline system to Southern Co (SO -0.65%) for $1.47 billion. Seven of 10 sectors in the S&P 500 finished the session in positive territory. Technology stocks paced the gains while Health Care shares declined. Alliance Data Systems (ADS +4.69%) rose as ValueAct Capital disclosed a 6.8% stake in the company. CBS (CBS +0.79%) rose after the media giant filed to take its CBS Radio business public. CH Robinson Worldwide (CHRW -3.45%) was a notable decliner after being the subject of negative analyst commentary. Treasuries declined along the curve with the benchmark 10-year note down 22/32 to yield 1.43%. In commodities, NYMEX WTI crude retreated 2% to $44.51/barrel. COMEX gold was off 0.3% to $1354.90/ounce. In FOREX, the dollar surged over 2.2% against the yen. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Tech Group Gains Underpin Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.81%) and the Bank Index ($BKX +0.82%) both rallied higher and lifted the major averages on Monday. The Retail Index ($RLX +0.60%) also rose. The Gold & Silver Index ($XAU +0.94%) and the Integrated Oil Index ($XOI +0.35%) posted gains but the Oil Services Index ($OSX -0.77%) ended lower. The Networking Index ($NWX +0.65%) and the Semiconductor Index ($SOX +1.12%) led the tech sector while the Biotechnology Index ($BTK -0.05%) finished flat. Charts courtesy www.stockcharts.com
PICTURED: The 5-year graph shows the Integrated Oil Index ($XOI +0.35%) now consolidating near its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
165.25 |
-1.28 |
-0.77% |
+4.77% |
| Integrated Oil |
$XOI |
1,134.72 |
+3.99 |
+0.35% |
+5.78% |
| Semiconductor |
$SOX |
708.90 |
+7.83 |
+1.12% |
+6.85% |
| Networking |
$NWX |
376.82 |
+2.43 |
+0.65% |
+0.24% |
| Broker/Dealer |
$XBD |
154.01 |
+1.24 |
+0.81% |
-13.52% |
| Retail |
$RLX |
1,344.67 |
+8.08 |
+0.60% |
+4.77% |
| Gold & Silver |
$XAU |
108.20 |
+1.01 |
+0.94% |
+138.85% |
| Bank |
$BKX |
64.98 |
+0.53 |
+0.82% |
-11.08% |
| Biotech |
$BTK |
3,165.76 |
-1.65 |
-0.05% |
-17.00% |
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New Highs Lack Important Institutional Volume Punch
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Fortune Brands Home & Security Inc (FBHS +$0.89 or +1.48% to $61.10) hit another new high with below average volume behind today's 4th consecutive gain. Without volume at least +40% above average there is not the critical proof of lurking heavy institutional buying demand which is likely to lead to a sustained and meaningful price advance. Members were repeatedly reminded since first featured in the 6/22/16 mid-day report - "It needs subsequent volume-driven gains above the pivot point to trigger a technical buy signal.")
FBHS was last shown in this FSU section on 6/22/16 with an annotated graph under the headline, "Wait Continues for Technical Breakout", after highlighted in yellow with pivot point cited based on its 4/21/16 high plus 10 cents. The high-ranked Building - Construction Products firm has shown encouraging earnings acceleration in sequential quarters, up +16%, +23%, +27% and +39% in the Jun, Sep, Dec '15 and Mar '16 quarters, respectively. The larger than +25% increases (C criteria) help it better match with the fact-based investment system's fundamental guidelines.
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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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$268.31
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-1.50
-0.56% |
$269.86
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388,622
44.93% of 50 DAV
50 DAV is 865,000
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$270.08
-0.66%
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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 - 7/8/2016 4:47:12 PM
G - Hit a new high with below average volume behind today's 3rd consecutive gain. Recent lows and its 50 DMA line ($253.21) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Near Highs After Finding Support Above 50-Day Moving Average Line - 7/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NTES
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NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$196.62
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+11.49
6.21% |
$198.20
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2,780,379
195.39% of 50 DAV
50 DAV is 1,423,000
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$193.44
1.64%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 7/11/2016 5:57:12 PM
G - Color code is changed to green after gains with above average volume, rallying beyond its "max buy" level and into new high territory. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Triggered a technical buy signal with a volume-driven gain on 6/30/16. Prior highs define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Rallying Within Striking Distance of Highs - 6/29/2016 |
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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$20.28
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+0.78
4.00% |
$20.40
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1,423,901
126.12% of 50 DAV
50 DAV is 1,129,000
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$20.98
-3.33%
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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 - 7/11/2016 5:54:58 PM
G - Color code is changed to green after rising back above its "max buy" level. Recent lows and the 200 DMA line define important support to watch
>>> FEATURED STOCK ARTICLE : Slump Into Prior Base and Below 50-Day Moving Average Raised Concerns - 7/5/2016 |
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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$65.90
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+0.98
1.51% |
$66.87
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167,237
109.31% of 50 DAV
50 DAV is 153,000
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$65.12
1.20%
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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 - 7/11/2016 6:01:36 PM
G - Very extended from any sound base following an impressive spurt of gains. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($53.12) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 7/6/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
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$61.10
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+0.89
1.48% |
$61.18
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1,233,185
70.63% of 50 DAV
50 DAV is 1,746,000
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$60.32
1.29%
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6/22/2016
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$57.71
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PP = $60.08
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MB = $63.08
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Most Recent Note - 7/11/2016 5:52:21 PM
Y - Hit another new high with today's 4th consecutive gain still lacking above average volume. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016 |
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 |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$29.05
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+0.85
3.01% |
$29.20
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91,908
76.59% of 50 DAV
50 DAV is 120,000
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$30.21
-3.84%
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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 - 7/11/2016 6:00:09 PM
Y - Approaching its "max buy" level and within striking distance of its 52-week high with below average volume behind 5 consecutive small gains. Faces very little resistance due to overhead supply. Recent lows in the $24-25 area define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Perched Near Highs After Rebound Above 50-Day Average - 6/30/2016 |
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.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
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