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AFTER MARKET UPDATE - WEDNESDAY, JULY 13TH, 2016
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DOW |
+24.45 |
18,372.12 |
+0.13% |
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Volume |
814,203,300 |
-15% |
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Volume |
1,515,241,650 |
-11% |
|
NASDAQ |
-17.09 |
5,005.73 |
-0.34% |
|
Advancers |
1,390 |
46% |
|
Advancers |
1,175 |
42% |
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S&P 500 |
+0.29 |
2,152.43 |
+0.01% |
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Decliners |
1,605 |
54% |
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Decliners |
1,651 |
58% |
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Russell 2000 |
-4.73 |
1,201.16 |
-0.39% |
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52 Wk Highs |
215 |
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52 Wk Highs |
157 |
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S&P 600 |
-0.95 |
739.28 |
-0.13% |
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52 Wk Lows |
4 |
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52 Wk Lows |
14 |
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Major Averages Ended Mixed With Less Volume and Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday the Dow was up 24 points to 18372. The S&P 500 gained less than a point to 2152 and the Nasdaq Composite fell 17 points to 5005. The benchmark S&P 500 Index and the Dow Jones Industrial Average both hit new record highs. 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). Volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by an 8-7 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 72 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 110 on the prior session. New 52-week highs contracted yet still solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Nasdaq Composite Index paused after rebounding and hitting a new 2016 high.
The major averages fluctuated in choppy trading as investors digested corporate earnings and updates on the economy. The Fed’s Beige Book release showed the economy expanded modestly in mid-May and June, but with little indication that inflation would pick up soon. In a separate report, import prices increased 0.2% in June, slightly below analyst estimates. Seven of 10 sectors in the S&P 500 finished the session in positive territory. Utilities and Telecom stocks paced the gains while Energy shares declined. Teva Pharmaceutical (TEVA +3.81%) rose after a positive pre-announcement of fiscal second-quarter earnings. CSX (CSX +4.40%) rose as the freight transportation company topped analyst profit estimates. Shares of Amazon.com (AMZN -0.75%) edged lower despite the company reporting its “Prime Day” was its biggest sales day ever. The Michaels Co. (MIK -6.06%) fell as the company revised its quarterly guidance. Treasuries finished higher with the benchmark 10-year note up 11/32 to yield 1.47%. In commodities, NYMEX WTI crude retreated 4% to $44.94/barrel, after the EIA’s weekly update on U.S. fuel inventories showed a 1.21 million barrel increase. COMEX gold gained 0.6% to $1343.90/ounce. In FOREX, the Dollar index was off 0.1%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Financial, Retail and Tech Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.76%) fell and the Bank Index ($BKX -0.14%) inched lower. The Retail Index ($RLX -0.68%) also lost ground. The Integrated Oil Index ($XOI -1.06%) and the Oil Services Index ($OSX -2.40%) both were lower. The Biotechnology Index ($BTK -1.92%) and the Networking Index ($NWX -0.46%) fell while the Semiconductor Index ($SOX +0.08%) finished flat. The Gold & Silver Index ($XAU +3.09%) was a standout gainer. Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD -0.76%) is sputtering below its 50-day and 200-day moving average (DMA) lines after halting its slide above the February lows.
| Oil Services |
$OSX |
169.37 |
-4.17 |
-2.40% |
+7.38% |
| Integrated Oil |
$XOI |
1,150.13 |
-12.30 |
-1.06% |
+7.22% |
| Semiconductor |
$SOX |
718.90 |
+0.54 |
+0.08% |
+8.35% |
| Networking |
$NWX |
378.88 |
-1.77 |
-0.46% |
+0.78% |
| Broker/Dealer |
$XBD |
156.68 |
-1.20 |
-0.76% |
-12.02% |
| Retail |
$RLX |
1,334.81 |
-9.14 |
-0.68% |
+4.00% |
| Gold & Silver |
$XAU |
108.46 |
+3.25 |
+3.09% |
+139.43% |
| Bank |
$BKX |
66.12 |
-0.09 |
-0.14% |
-9.52% |
| Biotech |
$BTK |
3,127.85 |
-61.27 |
-1.92% |
-17.99% |
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Negative Reversal After Touching New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
China Lodging Group Ads (HTHT -$0.76 or -1.92% to $38.81) reversed into the red after touching a new 52-week high (N criteria) today. Members were cautioned - "Gains for new highs and a strong close backed by at least +40% above average volume may help clinch a convincing technical buy signal."
It has reported earnings increases more than +25% (C criteria) in the past 3 quarterly comparisons through Mar '16 while sales revenues increases were in the +11-14% range. Annual earnings (A criteria) have improved after a downturn in FY '11.
The number of top-rated funds owing its shares rose from 87 in Sep '15 to 108 in Jun '16, a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has an A Timeliness rating but a D Sponsorship rating. Its small supply of 16.2 million shares (S criteria) in the public float may contribute to greater price volatility in the event of institutional buying or selling.
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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
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$271.09
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+1.58
0.59% |
$272.12
|
398,280
46.37% of 50 DAV
50 DAV is 859,000
|
$272.32
-0.45%
|
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 - 7/12/2016 4:21:45 PM
G - Touched a new high with below average volume behind today's small gain. Recent lows and its 50 DMA line ($254.81) 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
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$193.63
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-3.70
-1.88% |
$197.88
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1,058,984
72.38% of 50 DAV
50 DAV is 1,463,000
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$202.70
-4.47%
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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 - 7/13/2016 12:53:11 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$38.81
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-0.76
-1.92% |
$40.00
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300,159
124.55% of 50 DAV
50 DAV is 241,000
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$39.59
-1.97%
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7/13/2016
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$38.87
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PP = $39.29
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MB = $41.25
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Most Recent Note - 7/13/2016 5:31:26 PM
Y - Reversed into the red after hitting a new 52-week high today. Gains for new highs and a strong close backed by at least +40% above average volume may help clinch a convincing technical buy signal. Reported earnings increases more than +25% (C criteria) in the past 3 quarterly comparisons through Mar '16. Annual earnings (A criteria) have improved after a downturn in FY '11. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
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
|
$20.50
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-0.22
-1.06% |
$20.79
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1,131,739
99.45% of 50 DAV
50 DAV is 1,138,000
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$20.98
-2.28%
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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 - 7/12/2016 4:20:33 PM
G - Challenging its 52-week high. Color code was 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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$64.94
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-1.57
-2.36% |
$68.13
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174,495
114.80% of 50 DAV
50 DAV is 152,000
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$66.87
-2.89%
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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 - 7/13/2016 5:07:01 PM
G - There was a "negative reversal" today after getting 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 ($53.92) 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 |
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 |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
|
$61.38
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+0.32
0.52% |
$61.64
|
1,078,360
61.10% of 50 DAV
50 DAV is 1,765,000
|
$61.46
-0.13%
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6/22/2016
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$57.71
|
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 |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$30.70
|
+1.07
3.61% |
$30.72
|
110,038
90.94% of 50 DAV
50 DAV is 121,000
|
$30.21
1.62%
|
4/19/2016
|
$28.20
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PP = $28.10
|
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MB = $29.51
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Most Recent Note - 7/13/2016 5:10:13 PM
G - Finished near the session high and hit a new all-time high today while tallying a 6th consecutive gain marked by below average volume. Its 50 DMA line and 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 |
|
|
|
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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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
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