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AFTER MARKET UPDATE - TUESDAY, JULY 26TH, 2016
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DOW |
-19.31 |
18,473.75 |
-0.10% |
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Volume |
802,200,700 |
+6% |
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Volume |
1,870,621,790 |
+14% |
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NASDAQ |
+12.42 |
5,110.05 |
+0.24% |
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Advancers |
1,822 |
61% |
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Advancers |
1,840 |
62% |
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S&P 500 |
+0.70 |
2,169.18 |
+0.03% |
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Decliners |
1,147 |
39% |
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Decliners |
1,121 |
38% |
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Russell 2000 |
+7.04 |
1,216.86 |
+0.58% |
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52 Wk Highs |
211 |
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52 Wk Highs |
162 |
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S&P 600 |
+4.53 |
743.72 |
+0.61% |
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52 Wk Lows |
6 |
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52 Wk Lows |
26 |
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Breadth Positive as Leadership Improved on Mixed Session for Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mixed on Tuesday. The Dow was down 19 points to 18473. The S&P 500 ticked up less than a point to 2169 and the Nasdaq Composite added 12 points to 5110. 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 higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and 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 58 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The benchmark S&P 500 Index is quietly consolidating near record highs.
The major averages fluctuated in choppy trading as investors digested a flurry of corporate earnings releases. Shares of Caterpillar (CAT +5.16%) rose as the heavy equipment maker topped Wall Street estimates. Centene (CNC -8.49%) fell with news the company won’t bid for Humana (HUM +0.55%) and Aetna (AET -0.50%) divestitures. On the data front, new home sales rose 3.5% in June, to the highest level since February 2008. In a separate release, consumer sentiment slipped to 97.3 in July. Five of 10 sectors in the S&P 500 finished positive on the session. Industrials and Materials outperformed while Telecom stocks declined. In M&A news, Linear Technology (LLTC +28.93%) surged after agreeing to a $14.8 billion takeover bid from Analog Devices (ADI +3.87%). United Technologies (UTX +3.10%) rose after the industrial conglomerate raised its full-year forecast. Gilead Sciences (GILD -8.47%) fell as the drug maker lowered its sales outlook. McDonald’s (MCD -4.47%) sank as same-store sales fell below expectations. Treasuries advanced along the curve with the benchmark 10-year note up 3/32 to yield 1.55%. In commodities, NYMEX WTI crude fell 0.6% to $42.89/barrel. COMEX gold ticked up 0.1% to $1320.40/ounce. In FOREX, the dollar lost 1.1% against the yen. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Financial, and Commodity-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.29%) edged higher and the Bank Index ($BKX +0.60%), and Broker/Dealer Index ($XBD +0.75%) both gave a boost to the major averages on Tuesday. The Semiconductor Index ($SOX +3.81%) led the tech sector higher and the Networking Index ($NWX +1.18%) posted a solid gain while the Biotechnology Index ($BTK +0.18%) inched higher. The Integrated Oil Index ($XOI +1.17%), Oil Services Index ($OSX +1.33%), and the Gold & Silver Index ($XAU +3.11%) each posted a solid gain. Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +0.60%) is consolidating between its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
162.20 |
+2.13 |
+1.33% |
+2.83% |
| Integrated Oil |
$XOI |
1,119.02 |
+12.94 |
+1.17% |
+4.32% |
| Semiconductor |
$SOX |
774.92 |
+28.48 |
+3.82% |
+16.80% |
| Networking |
$NWX |
390.40 |
+4.55 |
+1.18% |
+3.85% |
| Broker/Dealer |
$XBD |
161.58 |
+1.21 |
+0.75% |
-9.27% |
| Retail |
$RLX |
1,348.91 |
+3.96 |
+0.29% |
+5.10% |
| Gold & Silver |
$XAU |
103.00 |
+3.11 |
+3.11% |
+127.37% |
| Bank |
$BKX |
67.75 |
+0.41 |
+0.61% |
-7.29% |
| Biotech |
$BTK |
3,264.73 |
+5.82 |
+0.18% |
-14.40% |
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Volume-Driven Gain for New Highs Clinched Technical Buy Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
I E S Holdings Inc (IESC +$0.85 or +5.50% to $16.30) Finished strong today after highlighted in yellow with pivot point cited based on its 4/20/16 high plus 10 cents. The gain for new highs (N criteria) helped it rise above the pivot point backed by +140% above average volume and clinch a new technical buy signal. Fundamentals remain strong and it found support at its 200-day moving average (DMA) line and rebounded after dropped from the Featured Stocks list on 6/21/16. Today it has a Timeliness rating of A, but its Sponsorship rating is currently a D.
The high-ranked Building - Maintenance & Service firm was last shown in this FSU section on 6/06/16 with an annotated graph under then headline, "Perched Within Striking Distance of New Highs". It is due to report earnings on 8/07/16 for the latest quarter. It 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. Annual earnings (A criteria) growth has been strong for the past 3 years.
The number of top rated funds owning its shares rose from 52 in Jun '15 to 87 in Jun '16, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 0.7 is an unbiased indication its shares have been under some distributional pressure over the past 50 days. Its small supply of only 7.52 million shares (S criteria) in the public float can 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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$277.30
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+3.44
1.26% |
$277.52
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343,327
44.41% of 50 DAV
50 DAV is 773,000
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$276.14
0.42%
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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 - 7/25/2016 5:15:58 PM
G - Volume totals still have been cooling while stubbornly holding its ground near all-time highs. Its 50 DMA line ($261.91) defines 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 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$16.30
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+0.85
5.50% |
$16.77
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196,847
240.06% of 50 DAV
50 DAV is 82,000
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$15.64
4.22%
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7/26/2016
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$15.79
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PP = $15.74
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MB = $16.53
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Most Recent Note - 7/26/2016 5:23:57 PM
Y - Finished strong today after highlighted in yellow with pivot point cited based on its 4/20/16 high plus 10 cents. The gain above the pivot point backed by +140% above average volume clinched a new technical buy signal. Fundamentals remain strong and it found support at its 200 DMA line and rebounded after dropped from the Featured Stocks list on 6/21/16. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New Highs Clinched Technical Buy Signal - 7/26/2016 |
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
|
$204.49
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+3.37
1.68% |
$206.06
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938,709
64.92% of 50 DAV
50 DAV is 1,446,000
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$202.70
0.88%
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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 - 7/25/2016 5:14:11 PM
G - Rallied with light volume today for a new high close well 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 |
View all notes |
Set NEW NOTE alert |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$38.19
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-0.76
-1.95% |
$39.00
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232,649
91.23% of 50 DAV
50 DAV is 255,000
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$41.76
-8.55%
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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 - 7/26/2016 5:05:11 PM
Y - Pulled back today for a small loss with higher (near average) volume. Sputtering since the 7/15/16 gain backed by +57% above average volume clinched a technical buy signal.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
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C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$22.36
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+0.55
2.52% |
$22.40
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1,379,863
130.30% of 50 DAV
50 DAV is 1,059,000
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$21.86
2.30%
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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 - 7/25/2016 5:13:04 PM
G - Rallied further above its "max buy" level for another new high. Recent lows and the 200 DMA line in the $16.85 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 |
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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 |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$63.90
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+0.02
0.03% |
$64.34
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92,565
61.30% of 50 DAV
50 DAV is 151,000
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$68.13
-6.21%
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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 - 7/22/2016 9:05:43 PM
G - Extended from any sound base. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($56.54) 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 |
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News |
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C
A
S
I |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
|
$61.62
|
+0.82
1.35% |
$61.82
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1,671,507
93.75% of 50 DAV
50 DAV is 1,783,000
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$62.17
-0.88%
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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 - 7/26/2016 2:57:08 PM
Y - Due to report earnings after the close on Wednesday, and volume and volatility often increase near earnings news. Perched within close striking distance of all-time highs, and rising today again with below average volume. Recently noted with caution as it wedged higher on light volume, not heavy volume indicative of serious institutional demand.
>>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016 |
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C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$32.50
|
+0.59
1.85% |
$32.50
|
42,690
34.43% of 50 DAV
50 DAV is 124,000
|
$32.45
0.16%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
|
Most Recent Note - 7/25/2016 5:18:51 PM
G - Volume totals have been cooling while holding its ground near all-time highs after an impressive streak of 10 consecutive gains. Its 50 DMA line ($28.17) and recent lows in the $24-25 area define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$51.37
|
-0.05
-0.10% |
$51.64
|
35,455
30.56% of 50 DAV
50 DAV is 116,000
|
$53.58
-4.12%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 7/26/2016 5:02:48 PM
Y - A volume-driven gain and strong close above the pivot point may help clinch a convincing technical buy signal. It has been quietly consolidating since highlighted in yellow in the 7/19/16 mid-day report with pivot point cited based on the 6/01/16 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior Highs - 7/20/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$25.93
|
+0.00
0.00% |
$26.42
|
501,197
53.72% of 50 DAV
50 DAV is 933,000
|
$28.72
-9.71%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
|
Most Recent Note - 7/25/2016 5:17:38 PM
Y - Volume-driven gains for new highs are still needed to trigger a technical buy signal. 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."
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
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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 |
|
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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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