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AFTER MARKET UPDATE - TUESDAY, AUGUST 16TH, 2016
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DOW |
-84.03 |
18,552.02 |
-0.45% |
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Volume |
729,739,890 |
+1% |
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Volume |
1,547,614,010 |
+10% |
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NASDAQ |
-34.91 |
5,227.11 |
-0.66% |
|
Advancers |
918 |
31% |
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Advancers |
891 |
30% |
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S&P 500 |
-12.00 |
2,178.15 |
-0.55% |
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Decliners |
2,019 |
69% |
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Decliners |
2,099 |
70% |
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Russell 2000 |
-10.74 |
1,231.13 |
-0.86% |
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52 Wk Highs |
107 |
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52 Wk Highs |
89 |
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S&P 600 |
-5.25 |
745.71 |
-0.70% |
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52 Wk Lows |
4 |
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52 Wk Lows |
23 |
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Major Indices Retreated While Volume Increased
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow was down 84 points to 18552. The S&P 500 lost 12 points to 2178 and the Nasdaq Composite fell 34 points to 5227. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by more than 2-1 on the NYSE and on the Nasdaq exchange. There were 21 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 63 on the prior session. New 52-week highs 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 with a loss on higher volume.
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). See the Featured Stocks Pagewhich now lists a few noteworthy candidates that have made headway. The major averages pulled back from record highs on Tuesday as investors digested mixed updates on the economy. On the data front, a gauge of inflation showed that consumer prices were unchanged in July, in-line with analyst expectations. A separate report showed housing starts increased by 2.1% in July. In Fed news, New York Fed President William Dudley stated an interest rate increase next month is possible. Nine of 10 sectors in the S&P 500 finished lower on the session. In the consumer space, Hain Celestial (HAIN -26.31%) tumbled as the company delayed its quarterly results release. TJX Companies (TJX -5.80%) fell after its full-year guidance fell short of analyst estimates. Shares of Home Depot (HD -0.61%) fell despite the company raising its full-year profit forecast. On the M&A front, Cintas Corp (CTAS +5.19%) after agreeing to acquire G&K Services (GK +17.74%) for $2.2 billion. Dick Sporting Goods (DKS +7.05%) was a notable gainer after quarterly revenue beat expectations. Treasuries declined with the benchmark 10-year note down 4/32 to yield 1.57%. In commodities, NYMEX WTI crude gained 1.9% to $46.59/barrel. COMEX gold was up 0.8% to $1350.50/ounce. In FOREX, the yen surged 1% against the dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy-Linked Groups Rose But More Groups Were Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.01%) finished flat as the Broker/Dealer Index ($XBD -0.53%) and the Retail Index ($RLX -0.80%) both finished lower on Tuesday. The tech sector was mostly lower as the Semiconductor Index ($SOX -0.74%), and the Networking Index ($NWX -0.64%) both fell modestly and the Biotechnology Index ($BTK -1.37%) was weaker. The Oil Services Index ($OSX +0.14%) and the Integrated Oil Index ($XOI +0.44%) ended slightly higher, but the Gold & Silver Index ($XAU -0.57%) ended slightly lower. Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -1.37%) is consolidating above its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
164.06 |
+0.23 |
+0.14% |
+4.01% |
| Integrated Oil |
$XOI |
1,146.28 |
+5.03 |
+0.44% |
+6.86% |
| Semiconductor |
$SOX |
784.61 |
-5.83 |
-0.74% |
+18.26% |
| Networking |
$NWX |
394.32 |
-2.55 |
-0.64% |
+4.89% |
| Broker/Dealer |
$XBD |
166.60 |
-0.89 |
-0.53% |
-6.45% |
| Retail |
$RLX |
1,368.27 |
-11.05 |
-0.80% |
+6.61% |
| Gold & Silver |
$XAU |
110.83 |
-0.64 |
-0.57% |
+144.66% |
| Bank |
$BKX |
69.90 |
+0.01 |
+0.01% |
-4.35% |
| Biotech |
$BTK |
3,340.40 |
-46.56 |
-1.37% |
-12.42% |
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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
|
$283.62
|
-1.63
-0.57% |
$285.21
|
190,983
41.25% of 50 DAV
50 DAV is 463,000
|
$289.67
-2.09%
|
5/11/2016
|
$248.33
|
PP = $245.00
|
|
MB = $257.25
|
Most Recent Note - 8/16/2016 7:40:00 PM
G - Volume has remained below average while recently hovering near all-time highs. Its 50 DMA line and prior highs near $268 define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gains Lack Great Volume While Wedging to New Highs - 7/27/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$14.70
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+0.26
1.80% |
$14.79
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72,665
75.69% of 50 DAV
50 DAV is 96,000
|
$16.77
-12.34%
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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 - 8/16/2016 7:43:29 PM
Y - Found support above its 50 DMA line ($13.98). It negated the recent breakout by slumping back into the prior base raising concerns. Prior lows (13.50) define near-term support.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New Highs Clinched Technical Buy Signal - 7/26/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$213.20
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+1.72
0.81% |
$217.37
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1,485,984
134.84% of 50 DAV
50 DAV is 1,102,000
|
$215.97
-1.28%
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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 - 8/16/2016 1:31:51 PM
G - Hitting another new high with today's 5th consecutive gain on ever-increasing volume. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 and its 50 DMA line define important 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 |
Company Profile |
SEC
News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$41.91
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-0.97
-2.26% |
$43.77
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718,827
378.33% of 50 DAV
50 DAV is 190,000
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$42.97
-2.47%
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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 - 8/16/2016 1:28:35 PM
Y - Reported earnings +71% on +6% sales revenues for the Jun '16 quarter. Enduring distributional pressure today following a considerable gain backed by heavy volume on the prior session. Color code is changed to yellow after retreating below its "max buy" level.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$18.60
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+0.08
0.43% |
$18.71
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1,558,597
118.52% of 50 DAV
50 DAV is 1,315,000
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$22.50
-17.33%
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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 - 8/15/2016 10:18:58 PM
G - Posted a 4th consecutive gain today since finding support at its 200 DMA line ($17.43). More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Near Highs Above its "Max Buy" Level - 7/29/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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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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$59.53
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-1.77
-2.89% |
$61.60
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159,320
104.13% of 50 DAV
50 DAV is 153,000
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$69.53
-14.38%
|
5/24/2016
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$53.45
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PP = $50.68
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|
MB = $53.21
|
Most Recent Note - 8/15/2016 10:23:13 PM
G - Consolidating above its 50 DMA line ($60.43) defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Rallied +30% in 2 Months Since Breakout Was Featured - 7/28/2016 |
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
|
$62.96
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-0.92
-1.44% |
$63.75
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1,556,720
79.34% of 50 DAV
50 DAV is 1,962,000
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$64.47
-2.34%
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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 - 8/15/2016 10:20:56 PM
G - Volume totals have been cooling while stubbornly holding its ground in a tight range above its "max buy" level and near all-time highs. Rallied for new highs on 7/28/16 with +66% above average volume following strong earnings news.
>>> FEATURED STOCK ARTICLE : Perched Above "Max Buy" Level Following Volume-Driven Gain - 8/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$35.19
|
-0.21
-0.59% |
$35.77
|
127,285
149.75% of 50 DAV
50 DAV is 85,000
|
$37.00
-4.89%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
|
Most Recent Note - 8/15/2016 10:15:58 PM
G - Powered to a best-ever close with today's 7th consecutive gain. Reported earnings +23% on +62% sales revenues, below the +25% minimum earnings guideline (C criteria), raising concerns. Its 50 DMA line and prior highs define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
SFBS
-
NASDAQ
"ServisFirst Bancshares, Inc"
BANKING - Regional - Southeast Banks
|
$50.91
|
-0.56
-1.09% |
$51.39
|
26,504
27.07% of 50 DAV
50 DAV is 97,900
|
$53.58
-4.98%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 8/11/2016 5:40:41 PM
Y - Sputtering near its 50 DMA line ($50.16). A volume-driven gain and strong close above the pivot point are needed to 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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News |
Chart |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$56.71
|
-0.91
-1.58% |
$57.79
|
312,832
137.81% of 50 DAV
50 DAV is 227,000
|
$58.78
-3.52%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 8/16/2016 7:42:07 PM
Y - Fell today and finished near the session low with above average volume indicative of distributional pressure. Stalled after its 8/09/16 volume-driven gain triggered a technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Following Rebound - 8/5/2016 |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$26.86
|
-0.43
-1.58% |
$27.45
|
379,275
40.43% of 50 DAV
50 DAV is 938,000
|
$28.72
-6.48%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
|
Most Recent Note - 8/15/2016 10:21:57 PM
Y - Perched within close striking distance of all-time highs. Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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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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