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AFTER MARKET UPDATE - THURSDAY, OCTOBER 5TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+113.75 |
22,775.39 |
+0.50% |
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Volume |
745,782,710 |
+1% |
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Volume |
1,891,135,540 |
-3% |
|
NASDAQ |
+50.73 |
6,585.36 |
+0.78% |
|
Advancers |
1,771 |
61% |
|
Advancers |
1,534 |
58% |
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S&P 500 |
+14.33 |
2,552.07 |
+0.56% |
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Decliners |
1,136 |
39% |
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Decliners |
1,097 |
42% |
|
Russell 2000 |
+4.32 |
1,512.09 |
+0.29% |
|
52 Wk Highs |
249 |
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|
52 Wk Highs |
295 |
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S&P 600 |
+1.88 |
916.74 |
+0.21% |
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52 Wk Lows |
8 |
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52 Wk Lows |
23 |
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Major Indices Continue Winning Streak for Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher Thursday. The Dow was up 114 points to 22775. The S&P 500 rose for an eighth straight session, adding 14 points to 2552, to extend its longest winning streak since 2013. The Nasdaq Composite gained 51 points to 6585. Volume totals reported were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and nearly 3-2 on the Nasdaq exchange. There were 90 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 102 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the Nasdaq exchange and on the NYSE. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders. Charts used courtesy of www.stockcharts.com
 PICTURED: The Nasdaq Composite Index hit a new record high with an 8th consecutive gain. During the recent consolidation it found support at its 50-day moving average (DMA) line.
The major averages' (M criteria) are in a confirmed uptrend. Leadership has remained healthy. Investors should buy stocks meeting all key criteria of the fact-based investment system on a case-by-case basis as they trigger technical buy signals.
The major averages closed at their all-time record levels as investors digested a full slate of economic updates. Initial jobless claims fell to 260,000 for the week, better than the consensus estimate of 265,000. In a separate release, factory orders increased 1.2% in September after a 3.3% decline in August. Another reading revealed the U.S. trade deficit narrowed to an eleven month low in August. In Fed news, Treasury yields climbed after San Francisco President John Williams hinted that moderate growth and a higher inflation outlook will allow the central bank to raise rates.
Financials, Technology and Consumer Discretionary were the best performing sectors on the session. Goldman Sachs (GS +2.4%) and PayPal (PYPL +2.8%) rose. Netflix (NFLX +5.4%) hit new highs on reports it plans to raise its monthly subscription fees. Celgene (CELG -4.4%) was a notable decliner, falling following negative analyst commentary.
Treasuries were lower with the yield on the benchmark 10-year note up two basis points to 2.35%. In commodities, NYMEX WTI crude added 1.5% to $50.74/barrel. COMEX gold fell 0.3% to $1269.90/ounce as U.S. dollar index gained 0.5% against its peers. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Energy-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Thursday the Broker/Dealer Index ($XBD +1.04%) and the Bank Index ($BKX +1.37%) both finished solidly higher and the Retail Index ($RLX +1.23%) also posted a decent gain. The tech sector was mixed as the Networking Index ($NWX -0.23%) edged lower while the Semiconductor Index ($SOX +0.07%) and the Biotechnology Index ($BTK +0.18%) both posted small gains. The Gold & Silver Index ($XAU -0.52%) fell while the Integrated Oil Index ($XOI +0.28%) and the Oil Services Index ($OSX +0.94%) both ended higher. Charts courtesy www.stockcharts.com
 PICTURED: The Networking Index ($NWX -0.23%) paused after topping its July high. It found support after early-September lows undercut the 200-day moving average (DMA) line.
| Oil Services |
$OSX |
140.25 |
+1.30 |
+0.94% |
-23.69% |
| Integrated Oil |
$XOI |
1,221.44 |
+3.41 |
+0.28% |
-3.67% |
| Semiconductor |
$SOX |
1,186.07 |
+0.83 |
+0.07% |
+30.84% |
| Networking |
$NWX |
470.83 |
-1.10 |
-0.23% |
+5.54% |
| Broker/Dealer |
$XBD |
248.19 |
+2.56 |
+1.04% |
+20.90% |
| Retail |
$RLX |
1,553.74 |
+18.82 |
+1.23% |
+15.69% |
| Gold & Silver |
$XAU |
86.06 |
-0.44 |
-0.51% |
+9.13% |
| Bank |
$BKX |
100.59 |
+1.36 |
+1.37% |
+9.59% |
| Biotech |
$BTK |
4,304.77 |
+7.83 |
+0.18% |
+39.99% |
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Holding Ground Stubbornly After Considerable Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
China Lodging Group Ads (HTHT +$1.98 or +1.76% to $114.38) is stubbornly holding its ground near its all-time high, still very extended from any sound base. Recently reported earnings +19% on +18% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria). Its 50 DMA line ($109.80) defines near-term support.
Bullish action has continued since last shown in this FSU section on 9/12/17 with an annotated graph under the headline, "Considerable Rally However Fundamental Concerns Were Raised". HTHT traded up as much as +224.9% since first featured in yellow in the 7/13/16 mid-day report (read here). The number of top-rated funds owing its shares rose from 87 in Sep '15 to 194 in Jun '17 a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has an A Timeliness rating and a C Sponsorship rating. Its small supply of 27.2 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 |
MPX
-
NYSE
Marine Products Corp
AUTOMOTIVE - Recreational Vehicles
|
$16.28
|
+0.09
0.56% |
$16.85
|
55,867
159.62% of 50 DAV
50 DAV is 35,000
|
$17.12
-4.91%
|
9/26/2017
|
$16.30
|
PP = $16.35
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MB = $17.17
|
Most Recent Note - 10/5/2017 7:58:03 PM
Y - Found prompt support above its 50 DMA line as it encountered damaging distributional pressure on 9/29/17. Members were cautioned in the note 5:19PM 9/27/17 - "Hit yet another new high with today's 6th consecutive gain, however, volume was only +13% above average, not indicative of heavy institutional buying demand. It was highlighted in yellow with pivot point cited based on its 7/12/17 high plus 10 cents in the 9/26/17 mid-day report. Gains above the pivot point must be backed by at least +40% above average volume to clinch a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Powerboat Maker Hit Another New 52-Week High - 9/26/2017 |
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C
A
S
I |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
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$127.12
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+1.20
0.95% |
$127.56
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815,737
123.04% of 50 DAV
50 DAV is 663,000
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$129.71
-2.00%
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8/14/2017
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$106.67
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PP = $110.01
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MB = $115.51
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Most Recent Note - 10/2/2017 9:33:58 PM
G - Hit yet another new 52-week high with today's 6th consecutive volume-driven gain, getting more extended from the previously noted base. Prior highs in the $115 area define initial support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Wedged to New High Then Ended the Session Weak - 9/18/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Broadcom Limited
ELECTRONICS - Semiconductor - Broad Line
|
$243.67
|
+1.67
0.69% |
$245.74
|
2,281,694
86.43% of 50 DAV
50 DAV is 2,640,000
|
$259.36
-6.05%
|
8/24/2017
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$252.44
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PP = $256.89
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|
MB = $269.73
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Most Recent Note - 10/3/2017 8:52:01 PM
G - A rebound above the 50 DMA line ($247.59) is needed for its outlook to improve. More damaging losses below the recent low ($231.53 on 9/25/17) would raise serious concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Technical Deterioration Raises Concerns - 9/21/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers
|
$88.95
|
+0.18
0.20% |
$90.97
|
804,003
44.62% of 50 DAV
50 DAV is 1,802,000
|
$94.00
-5.37%
|
9/25/2017
|
$80.26
|
PP = $83.10
|
|
MB = $87.26
|
Most Recent Note - 10/3/2017 11:45:17 AM
G - Hit another new 52-week high today, getting more extended from its prior base. Recent gains above the pivot point triggered a technical buy signal. Prior highs in the $83 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Challenging Prior HIgh - 9/25/2017 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
|
$215.70
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-1.25
-0.58% |
$217.80
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190,976
41.88% of 50 DAV
50 DAV is 456,000
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$220.25
-2.07%
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9/11/2017
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$193.65
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PP = $220.35
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MB = $231.37
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Most Recent Note - 10/4/2017 6:34:57 PM
Y - Posted a 4th consecutive gain today with light volume, rising near the new pivot point cited based on its 8/07/17 high plus 10 cents. Faces little near-term resistance. Subsequent volume-driven gains above the pivot point are needed to trigger a new (or add-on) technical buy signal. Recent low ($185.80 on 9/05/17) and its 50 DMA line ($197) define important near-term support where violations would trigger technical sell signals. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near Pivot Point With No Resistance Remaining - 10/4/2017 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$122.97
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+1.10
0.90% |
$123.72
|
135,113
37.64% of 50 DAV
50 DAV is 359,000
|
$126.29
-2.63%
|
9/29/2016
|
$46.12
|
PP = $47.82
|
|
MB = $50.21
|
Most Recent Note - 10/5/2017 7:46:30 PM
G - Holding its ground near its all-time high, extended from any sound base. Earnings +19% on +18% sales revenues for the Jun '17 quarter were below the +25% minimum earnings guideline (C criteria). Its 50 DMA line ($110) defines near-term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly After Considerable Rally - 10/5/2017 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$38.61
|
+0.45
1.18% |
$38.64
|
106,584
49.57% of 50 DAV
50 DAV is 215,000
|
$39.29
-1.74%
|
7/28/2017
|
$33.50
|
PP = $33.32
|
|
MB = $34.99
|
Most Recent Note - 10/4/2017 6:30:02 PM
G - Posted a gain today on lighter than average volume. The 50 DMA line ($35.70) defines near-term support to watch above prior highs in the $33 area.
>>> FEATURED STOCK ARTICLE : Quietly Pulling Back From High After More Volume-Driven Gains - 9/22/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$40.34
|
+0.42
1.05% |
$40.66
|
1,267,369
171.13% of 50 DAV
50 DAV is 740,600
|
$41.44
-2.65%
|
7/3/2017
|
$38.05
|
PP = $39.60
|
|
MB = $41.58
|
Most Recent Note - 10/5/2017 7:55:46 PM
Y - Tallied a gain with above average volume, perched within striking distance of its all-time high. Consolidating above its 50 DMA line ($38.84) with very little resistance remaining due to overhead supply.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of Prior High - 9/29/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$127.20
|
-1.10
-0.86% |
$129.65
|
702,934
80.34% of 50 DAV
50 DAV is 875,000
|
$145.30
-12.46%
|
8/31/2017
|
$128.22
|
PP = $127.78
|
|
MB = $134.17
|
Most Recent Note - 10/5/2017 7:50:53 PM
Y - Quietly holding its ground after pulling back near prior highs in the $127-130 area. Its 50 DMA line ($122.77) and recent lows define important support to watch.
>>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs Following Recent Breakout - 9/28/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$190.36
|
-0.32
-0.17% |
$191.96
|
360,450
42.51% of 50 DAV
50 DAV is 848,000
|
$193.24
-1.49%
|
8/4/2017
|
$173.31
|
PP = $163.07
|
|
MB = $171.22
|
Most Recent Note - 10/3/2017 8:44:52 PM
G - Hovering near its all-time high. extended from any sound base. Its 50 DMA line ($172.60) defines important near-term support to watch. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Additional Volume-Driven Gains - 9/19/2017 |
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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 |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$51.98
|
-2.12
-3.92% |
$53.43
|
2,300,285
118.08% of 50 DAV
50 DAV is 1,948,000
|
$57.61
-9.77%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 10/5/2017 7:52:56 PM
G - Slumped below its 50 DMA line ($53.51) with today's big loss on higher (near average) volume. More damaging losses below the recent low ($49.60 on 9/22/17) would raise greater concerns and trigger a worrisome technical sell signal. The next near-term support is prior highs in the $47 area. Recently reported earnings +13% on +32% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Gain Above 50-Day Moving Average Line Helped Technical Stance - 10/2/2017 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$65.20
|
+0.20
0.31% |
$65.55
|
119,887
75.40% of 50 DAV
50 DAV is 159,000
|
$67.15
-2.90%
|
9/19/2017
|
$59.15
|
PP = $60.10
|
|
MB = $63.11
|
Most Recent Note - 10/5/2017 7:49:35 PM
G - Color code is changed to green after getting extended from its prior base. Prior highs in the $60 area define initial support above its 50 DMA line ($58.19) after the 9/26/17 gain and technical breakout backed by 71% above average volume.
>>> FEATURED STOCK ARTICLE : Found Prompt Support Near Prior Highs and 50 Day Average - 9/13/2017 |
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C
A
S
I |
NCOM
-
NASDAQ
National Commerce Corp
BANKING - Regional - Southeast Banks
|
$43.05
|
+0.50
1.18% |
$43.25
|
23,123
59.29% of 50 DAV
50 DAV is 39,000
|
$43.80
-1.71%
|
4/25/2017
|
$38.95
|
PP = $40.09
|
|
MB = $42.09
|
Most Recent Note - 10/3/2017 11:41:02 AM
G - Perched at its 52-week high following to an impressive spurt of volume-driven gains. Recently reported Jun '17 earnings +23% on +45% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell Below 80+ Minimum Guideline - 9/14/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$46.60
|
-0.15
-0.32% |
$46.90
|
421,205
74.95% of 50 DAV
50 DAV is 562,000
|
$46.82
-0.47%
|
9/8/2017
|
$45.20
|
PP = $46.18
|
|
MB = $48.49
|
Most Recent Note - 10/4/2017 6:33:36 PM
Y - Closed at a best-ever high with today's 2nd consecutive gain backed by light volume. Subsequent gains above the latest pivot point with at least the minimum +40% above average volume may trigger a proper new (or add-on) technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Quietly Hit New Highs Without Great Volume Conviction - 10/3/2017 |
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C
A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$40.33
|
+0.10
0.25% |
$40.63
|
89,620
38.63% of 50 DAV
50 DAV is 232,000
|
$40.50
-0.42%
|
9/18/2017
|
$37.04
|
PP = $39.78
|
|
MB = $41.77
|
Most Recent Note - 10/4/2017 6:28:47 PM
Y - Hit a new high as it posted a 3rd consecutive gain today with below average volume. Gains above the pivot point must be backed by at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Subsequent losses below the recent low ($34.41 on 8/18/17) would raise more serious concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Rebounding Toward Prior High and New Pivot Point - 9/27/2017 |
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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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
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
or 954-785-1121.
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