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AFTER MARKET UPDATE - TUESDAY, AUGUST 23RD, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+17.88 |
18,547.30 |
+0.10% |
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Volume |
715,953,450 |
+5% |
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Volume |
1,429,687,660 |
-1% |
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NASDAQ |
+15.48 |
5,260.08 |
+0.30% |
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Advancers |
2,019 |
68% |
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Advancers |
1,853 |
65% |
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S&P 500 |
+4.26 |
2,186.90 |
+0.20% |
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Decliners |
940 |
32% |
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Decliners |
985 |
35% |
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Russell 2000 |
+8.84 |
1,248.58 |
+0.71% |
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52 Wk Highs |
222 |
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52 Wk Highs |
206 |
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S&P 600 |
+5.37 |
756.14 |
+0.72% |
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52 Wk Lows |
6 |
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52 Wk Lows |
18 |
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Major Averages Rose With Better Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 17 points to 18547. The S&P 500 added 4 points to 2186 and the Nasdaq Composite gained 15 points to 5260. The volume totals were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Advancers outnumbered decliners by more than 2-1 on the NYSE and nearly 2-1 on the Nasdaq exchange. Leadership improved as there were 61 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 29 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Nasdaq Composite Index is consolidating near its record high after rallying above its 2015 peak.
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 advanced on the session following a better-than-expected update on the housing market. New home sales unexpectedly surged 12.4% in July, to its highest level since October 2007, led by soaring demand in the nation’s south. In a separate release, Markit’s survey of U.S. manufacturing activity fell to 52.1 in August, below expectations of a 52.6 reading. Eight of 10 sectors in the S&P 500 finished in positive territory. Materials paced the gains with Monsanto (MON +2.49%) rose with news the company may be closer to a merger with Bayer AG (BAYRY +0.35%). In earnings, Best Buy (BBY +19.60%) surged as the electronics retailer’s U.S. comparable-store sales rose 0.8% in the quarter. Shares of Toll Brothers (TOL +8.80%) after the luxury home builder reported home sales and home prices increased year-over-year. Consumer Staples shares declined on the session with JM Smucker (SJM -8.07%) fell as quarterly revenue missed estimates amid weaker demand for its pet food products. Treasuries fluctuated along the curve with the benchmark 10-year note down 1/32 to yield 1.54%. In commodities, NYMEX WTI crude rebounded 1.4% to $48.05/barrel. In FOREX, the dollar weakened against the British pound. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy and Tech Groups Posted Modest Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were mixed as the Oil Services Index ($OSX +1.02%) and the Integrated Oil Index ($XOI +0.72%) both rose yet the Gold & Silver Index ($XAU -1.72%) ended lower. The Broker/Dealer Index ($XBD +0.17%) and Bank Index ($BKX +0.06%) both inched higher and the Retail Index ($RLX +0.55%) posted a small gain on Tuesday. The Biotechnology Index ($BTK +0.43%), Networking Index ($NWX +0.58%), and the Semiconductor Index ($SOX +0.50%) each also posted a modest gain. Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU -1.72%) is consolidating near its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
164.07 |
+1.66 |
+1.02% |
+4.02% |
| Integrated Oil |
$XOI |
1,146.72 |
+8.23 |
+0.72% |
+6.90% |
| Semiconductor |
$SOX |
801.31 |
+4.02 |
+0.50% |
+20.77% |
| Networking |
$NWX |
397.27 |
+2.30 |
+0.58% |
+5.68% |
| Broker/Dealer |
$XBD |
167.18 |
+0.28 |
+0.17% |
-6.13% |
| Retail |
$RLX |
1,368.60 |
+7.48 |
+0.55% |
+6.63% |
| Gold & Silver |
$XAU |
103.89 |
-1.82 |
-1.72% |
+129.34% |
| Bank |
$BKX |
70.28 |
+0.04 |
+0.06% |
-3.83% |
| Biotech |
$BTK |
3,422.80 |
+14.55 |
+0.43% |
-10.26% |
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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
|
$286.76
|
+0.89
0.31% |
$287.28
|
227,641
53.82% of 50 DAV
50 DAV is 423,000
|
$289.67
-1.00%
|
5/11/2016
|
$248.33
|
PP = $245.00
|
|
MB = $257.25
|
Most Recent Note - 8/22/2016 5:34:02 PM
G - Volume has been drying up while hovering in a tight range 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 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$15.59
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+0.82
5.55% |
$15.68
|
53,794
57.23% of 50 DAV
50 DAV is 94,000
|
$16.77
-7.04%
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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 - 8/23/2016 5:10:16 PM
Y - Finished near the session high with today's gain backed by below average volume. Found support above its 50 DMA line ($14.05), and the recent low (13.50 on 8/02/16) defines important 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 |
Request a new note
C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
|
$213.17
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+0.60
0.28% |
$214.98
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765,215
68.57% of 50 DAV
50 DAV is 1,116,000
|
$217.37
-1.93%
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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 - 8/18/2016 5:25:38 PM
G - Pulled back with above average volume today. Prior highs near $186 and its 50 DMA line define important support to watch. Reported earnings +89% on +83% sales revenues for the Jun '16 quarter, continuing its strong earnings track record. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulled Back on Higher Volume Following Earnings Report - 8/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$43.42
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-0.05
-0.12% |
$43.50
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86,453
39.48% of 50 DAV
50 DAV is 219,000
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$46.57
-6.76%
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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 - 8/18/2016 12:22:03 PM
G - Recently hitting new highs with considerable volume-driven gains indicative of fresh institutional buying demand. Color code was changed to green after again rallying above its "max buy" level. See the latest FSU analysis for more details and annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gains for New Highs Signal Institutional Demand - 8/17/2016 |
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
|
$18.56
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+0.19
1.03% |
$18.78
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1,354,669
100.42% of 50 DAV
50 DAV is 1,349,000
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$22.50
-17.51%
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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 - 8/19/2016 5:33:31 PM
G - Found support at its 200 DMA line following a gap down and big volume-driven loss on 8/09/16. More damaging losses would raise greater concerns, meanwhile, a rebound above the 50 DMA line ($19.69) is needed for its outlook to improve.
>>> 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 |
Chart |
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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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$64.96
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+0.14
0.22% |
$65.42
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187,013
86.18% of 50 DAV
50 DAV is 217,000
|
$69.53
-6.57%
|
5/24/2016
|
$53.45
|
PP = $50.68
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MB = $53.21
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Most Recent Note - 8/19/2016 12:54:47 PM
G - Found prompt support near its 50 DMA line, rallying this week with above average volume toward prior highs. Subsequent deterioration below the 50 DMA line and latest low ($59.51 on 8/16/16) would raise greater concerns and trigger a technical sell signal.
>>> 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
|
$63.73
|
+0.90
1.43% |
$64.00
|
1,183,689
59.33% of 50 DAV
50 DAV is 1,995,100
|
$64.47
-1.15%
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6/22/2016
|
$57.71
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PP = $60.08
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MB = $63.08
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Most Recent Note - 8/19/2016 5:27:18 PM
G - It stalled since hitting new highs on 7/28/16 with +66% above average volume following strong earnings news. Prior highs and its 50 DMA line coincide defining near-term support in the $60 area.
>>> 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
|
$32.14
|
-1.95
-5.72% |
$34.47
|
244,023
287.09% of 50 DAV
50 DAV is 85,000
|
$37.00
-13.14%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
|
Most Recent Note - 8/23/2016 5:07:55 PM
G - Finished near the session low with a loss on below average volume. Its 50 DMA line and prior highs in the $30 coincide defining important near-term support. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Technically Strong Despite Fundamental Concerns - 8/22/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$51.47
|
-0.29
-0.56% |
$52.00
|
37,692
39.26% of 50 DAV
50 DAV is 96,000
|
$53.58
-3.94%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 8/22/2016 5:35:09 PM
Y - Still quietly consolidating above its 50 DMA line ($50.12). Members were previously reminded - "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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$58.10
|
+1.43
2.52% |
$58.49
|
332,790
151.27% of 50 DAV
50 DAV is 220,000
|
$58.78
-1.16%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 8/23/2016 5:11:33 PM
Y - Posted a gain with higher volume today and challenged its 52-week high. 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 |
View all notes |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$28.12
|
+0.72
2.63% |
$28.29
|
683,247
98.59% of 50 DAV
50 DAV is 693,000
|
$28.72
-2.09%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
|
Most Recent Note - 8/23/2016 5:12:37 PM
Y - Managed another best-ever close with today's gain backed by near average volume while rising within close striking distance of all-time highs. Members were repeatedly reminded in prior notes - "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 |
SEC
News |
Chart |
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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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