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AFTER MARKET UPDATE - THURSDAY, JULY 21ST, 2016
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DOW |
-77.80 |
18,517.23 |
-0.42% |
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Volume |
802,028,680 |
+10% |
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Volume |
1,728,579,650 |
+2% |
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NASDAQ |
-16.03 |
5,073.90 |
-0.31% |
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Advancers |
1,255 |
42% |
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Advancers |
1,062 |
38% |
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S&P 500 |
-7.85 |
2,165.17 |
-0.36% |
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Decliners |
1,724 |
58% |
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Decliners |
1,769 |
62% |
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Russell 2000 |
-5.88 |
1,203.86 |
-0.49% |
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52 Wk Highs |
161 |
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52 Wk Highs |
99 |
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S&P 600 |
-4.34 |
736.99 |
-0.59% |
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52 Wk Lows |
4 |
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52 Wk Lows |
31 |
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Major Indices Fell With a Pick Up in Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Thursday. The Dow was down 77 points to 18517. The S&P 500 lost 7 points to 2165 and the Nasdaq Composite fell 16 points to 5073. The benchmark S&P 500 Index and the Dow Jones Industrial Average both remain perched at 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 slightly higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 9-5 on the Nasdaq exchange. There were 43 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 58 on the prior session. New 52-week highs contracted yet still outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The S&P 500 Index pulled back from a new record high.
The Dow snapped its nine-day winning streak amid disappointing earnings releases. In international news, the European Central Bank left interest rates unchanged following its first policy meeting since the Brexit referendum. On the data front, initial jobless claims came in at 253,000, a three-month low. In a separate release, existing home sales rose 1.1% in June, to the highest level since February 2007. Eight of 10 sectors in the S&P 500 finished in negative territory. Industrials lagged with Southwest Airlines (LUV -11.21%) fell as heightened competition drove down airfares. Dover (DOV -1.56%) fell after the company lowered its full-year earnings guidance. Intel (INTC -3.98%) sank as the chipmaker reported a drop in data center business. American Express (AXP -1.63%) fell after revenue missed analysts forecast. Over in Tech, EBay (EBAY +10.89%) rallied after announcing an additional $2.5 billion share buyback authorization. Qualcomm (QCOM +7.36%) rose as the company’s profit topped consensus estimates. Treasuries finished mostly higher with the benchmark 10-year note up 5/32 to yield 1.56%. In commodities, NYMEX WTI crude retreated 2.5% to $44.59/barrel. COMEX gold gained 1% to $1332.60/ounce. In FOREX, the Dollar Index fell 0.2%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver and Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.63%), Bank Index ($BKX -0.51%), and Broker/Dealer Index ($XBD -0.31%) created a drag on the major averages on Thursday. The Biotechnology Index ($BTK +0.85%) rose while the Semiconductor Index ($SOX -0.73%) and Networking Index ($NWX -0.49%) both edged lower. The Integrated Oil Index ($XOI -0.88%) and the Oil Services Index ($OSX -2.16%) both fell, meanwhile the Gold & Silver Index ($XAU +3.55%) was a standout gainer. Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +0.85%) rallied above its 200-day moving average (DMA) line and toward prior highs.
| Oil Services |
$OSX |
164.53 |
-3.64 |
-2.16% |
+4.31% |
| Integrated Oil |
$XOI |
1,129.21 |
-9.73 |
-0.85% |
+5.27% |
| Semiconductor |
$SOX |
738.30 |
-5.44 |
-0.73% |
+11.28% |
| Networking |
$NWX |
381.59 |
-1.94 |
-0.51% |
+1.51% |
| Broker/Dealer |
$XBD |
159.80 |
-0.54 |
-0.34% |
-10.27% |
| Retail |
$RLX |
1,334.78 |
-8.40 |
-0.63% |
+4.00% |
| Gold & Silver |
$XAU |
104.04 |
+3.57 |
+3.55% |
+129.67% |
| Bank |
$BKX |
67.11 |
-0.34 |
-0.50% |
-8.17% |
| Biotech |
$BTK |
3,238.55 |
+29.79 |
+0.93% |
-15.09% |
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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
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$270.91
|
-3.14
-1.15% |
$274.39
|
432,333
52.28% of 50 DAV
50 DAV is 827,000
|
$276.14
-1.89%
|
5/11/2016
|
$248.33
|
PP = $245.00
|
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MB = $257.25
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Most Recent Note - 7/18/2016 5:43:22 PM
G - Volume totals have been cooling while hovering near all-time highs. Recent lows and its 50 DMA line ($258) 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 |
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News |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$197.37
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-1.68
-0.84% |
$199.99
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744,040
50.58% of 50 DAV
50 DAV is 1,471,000
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$202.70
-2.63%
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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 - 7/20/2016 5:52:53 PM
G - Color code is changed to green while trading above 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 : Perched +5% Above Prior Highs Following Volume-Driven Gains - 7/15/2016 |
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News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$39.02
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+0.06
0.15% |
$39.27
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80,650
31.38% of 50 DAV
50 DAV is 257,000
|
$41.76
-6.56%
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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 - 7/20/2016 5:50:55 PM
Y - Volume totals have been cooling while consolidating after hitting a new high on 7/15/16 as its gain backed by +57% above average volume clinched a 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.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
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News |
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C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$20.82
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-0.50
-2.35% |
$21.50
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789,654
69.88% of 50 DAV
50 DAV is 1,130,000
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$21.50
-3.17%
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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 - 7/21/2016 4:29:58 PM
G - Pulled back on light volume today following 3 consecutive gains for new highs well above its "max buy" level. Recent lows and the 200 DMA line in the $16.70 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slump Into Prior Base and Below 50-Day Moving Average Raised Concerns - 7/5/2016 |
View all notes |
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News |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$63.87
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-0.64
-0.99% |
$64.75
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103,587
69.52% of 50 DAV
50 DAV is 149,000
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$68.13
-6.25%
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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 - 7/18/2016 5:42:16 PM
G - Stubbornly holding its ground following an impressive spurt of gains into new high territory. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($55.12) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 7/6/2016 |
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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 |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
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$60.13
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-1.46
-2.37% |
$61.50
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1,535,438
87.44% of 50 DAV
50 DAV is 1,756,000
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$62.17
-3.28%
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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 - 7/21/2016 4:26:56 PM
Y - Pulled back from all-time highs and ended near the session low with a big loss today on higher (near average) volume. Recently noted with caution as it wedged higher on light volume.
>>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016 |
View all notes |
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Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$31.33
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-0.25
-0.79% |
$31.80
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38,005
30.65% of 50 DAV
50 DAV is 124,000
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$32.45
-3.45%
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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 - 7/19/2016 5:28:08 PM
G - Pulled back today on lighter volume, retreating from new all-time highs after an impressive streak of 10 consecutive gains. Its 50 DMA line ($27.95) and recent lows in the $24-25 area define near-term support to watch. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
Set NEW NOTE alert |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$51.46
|
-0.88
-1.68% |
$52.80
|
64,766
54.89% of 50 DAV
50 DAV is 118,000
|
$53.58
-3.96%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 7/20/2016 5:45:30 PM
Y - Churned above average volume today without making price progress, a sign of distributional pressure. Finished near its prior high and pivot point with a big volume-driven gain on the prior session after highlighted in yellow with pivot point cited based on the 6/01/16 high plus 10 cents - "A volume-driven gain and strong close above the pivot point may help clinch a convincing technical buy signal. Reported earnings +31% on +17% sales revenues for the Jun '16 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), 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 : Meeting Resistance Near Prior Highs - 7/20/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$25.66
|
-0.38
-1.46% |
$26.09
|
393,054
42.17% of 50 DAV
50 DAV is 932,000
|
$28.72
-10.65%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
|
Most Recent Note - 7/19/2016 5:26:37 PM
Y - Highlighted in yellow with pivot point cited based on its 4/28/16 high plus 10 cents. Subsequent volume-driven gains for new highs are needed to trigger a technical buy signal. Consolidating in a tight trading range since it completed another Secondary Offering on 6/06/16. Such offerings often hinder upward price progress for the short term, yet they also help to attract more institutional sponsorship. Prior mid-day reports noted - "Reported earnings +82% on +19% sales revenues for the Apr '16 quarter, continuing its strong earnings track record. Completed a Secondary Offering on 2/18/16, and it completed its $16 IPO on 7/16/15." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
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News |
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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.
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only to active Paid Premium Members.
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