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AFTER MARKET UPDATE - THURSDAY, OCTOBER 6TH, 2016
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DOW |
-12.53 |
18,268.50 |
-0.07% |
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Volume |
795,515,690 |
-17% |
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Volume |
1,520,384,280 |
-6% |
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NASDAQ |
-9.17 |
5,306.85 |
-0.17% |
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Advancers |
1,297 |
44% |
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Advancers |
1,111 |
39% |
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S&P 500 |
+1.04 |
2,160.77 |
+0.05% |
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Decliners |
1,632 |
56% |
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Decliners |
1,712 |
61% |
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Russell 2000 |
-2.13 |
1,246.24 |
-0.17% |
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52 Wk Highs |
91 |
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52 Wk Highs |
73 |
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S&P 600 |
-0.35 |
755.02 |
-0.05% |
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52 Wk Lows |
28 |
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52 Wk Lows |
30 |
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Small Losses for Major Indices With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Thursday. The Dow was down 12 points to 18268. The S&P 500 added 1 point to 2160 and the Nasdaq Composite fell 9 points to 5306. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by 4-3 on the NYSE and 3-2 on the Nasdaq exchange. There were 29 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 34 on the prior session. New 52-week highs totals outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Index is consolidating near its record high and well above its 50-day moving average (DMA) line.
The recent move into new high territory for the Nasdaq Composite Index was noted as a sign of technical strength in the market (M criteria) reassuring investors. The S&P 500 Index and the Dow Jones Industrial Average have still been sputtering below their 50 DMA lines. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages fluctuated in a choppy session as investors look ahead to Friday's non-farm labor report. On the data front, initial jobless claims came in at 249,000, below the reported 254,000 in the previous week. In M&A news, ICU Medical (ICUI +14.86%) after agreeing to acquire Hospira Infusion Systems from Pfizer (PFE -0.74%) for $1 billion.
Seven of 11 sectors in the S&P 500 advanced on the session. Financials outperformed with MetLife (MET +2.52%) rising amid reports the company plans to spin off its U.S. life insurance business to existing shareholders. American Express (AXP -3.76%) sank after being the subject of negative analyst commentary. In Health Care, Alnylam Pharmaceuticals (ALNY -48.49%) plunged after the biotech ended development of its late-stage experimental drug due to safety concerns. Shares of Twitter (TWTR -20.10%) tumbled with news Alphabet’s (GOOG +0.05%) Google unit is not interested in acquiring the social media giant.
Treasuries declined with the benchmark 10-year note down 11/32 to yield 1.74%. In commodities, NYMEX WTI crude added 1.3% to $50.47/barrel. COMEX gold fell 1% to $1252.00/ounce. In FOREX, the Dollar Index climbed 0.6%, amid heightened rate hike speculation. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Biotech and Gold & Silver Indexes Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.18%) and the Bank Index ($BKX +0.21%) were mixed and little changed on Thursday. The Retail Index ($RLX +0.35%) posted a small gain. The Oil Services Index ($OSX +0.54%) and the Integrated Oil Index ($XOI +0.32%) both edged higher. The Semiconductor Index ($SOX +0.59%) and Networking Index ($NWX +0.46%) both edged higher, but the Biotechnology Index ($BTK -3.26%) ended solidly lower. The Gold & Silver Index ($XAU -2.91%) slumped to its 200-day moving average (DMA) line. Charts courtesy www.stockcharts.com
 PICTURED: The Bank Index ($BKX +0.21%) recently found support near its 50-day moving average (DMA) line and rebounded near prior highs.
| Oil Services |
$OSX |
166.65 |
+0.90 |
+0.54% |
+5.66% |
| Integrated Oil |
$XOI |
1,170.10 |
+3.76 |
+0.32% |
+9.08% |
| Semiconductor |
$SOX |
838.60 |
+4.89 |
+0.59% |
+26.39% |
| Networking |
$NWX |
407.67 |
+1.85 |
+0.46% |
+8.44% |
| Broker/Dealer |
$XBD |
176.87 |
-0.32 |
-0.18% |
-0.69% |
| Retail |
$RLX |
1,366.27 |
+4.83 |
+0.35% |
+6.45% |
| Gold & Silver |
$XAU |
81.44 |
-2.44 |
-2.91% |
+79.78% |
| Bank |
$BKX |
72.95 |
+0.15 |
+0.21% |
-0.18% |
| Biotech |
$BTK |
3,267.15 |
-109.94 |
-3.26% |
-14.34% |
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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 Fact-Based Investment System 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 click here and indicate "Find a Broker". Account minimum $250,000. |
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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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$285.50
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+1.70
0.60% |
$286.00
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381,745
115.33% of 50 DAV
50 DAV is 331,000
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$294.38
-3.02%
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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 - 10/5/2016 12:40:32 PM
G - There was a "negative reversal" on the prior session after early gains challenging its prior high. More damaging losses undercutting the 50 DMA line ($284.68) or recent low ($278.52) would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Light Volume Behind Gains Wedging for New Highs - 9/7/2016 |
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
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$17.22
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+0.19
1.12% |
$17.30
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100,803
121.45% of 50 DAV
50 DAV is 83,000
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$18.16
-5.18%
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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 - 10/4/2016 5:25:18 PM
G - Retreated from its 52-week high toward its "max buy" level with 2 consecutive volume-driven losses. Recently found support at its 50 DMA line ($15.84).
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 9/27/2016 |
View all notes |
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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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$255.98
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+7.85
3.16% |
$256.74
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1,080,248
95.09% of 50 DAV
50 DAV is 1,136,000
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$254.48
0.59%
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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 - 10/6/2016 4:53:04 PM
G - Hit a new all-time high and ended near the session high with today's gain on near average volume. Very extended from any sound base. Its 50 DMA line ($222) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After +37% Rally Since Featured 6/29/16 - 9/21/2016 |
View all notes |
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Company Profile |
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News |
Chart |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$46.42
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+0.06
0.13% |
$46.62
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85,707
44.41% of 50 DAV
50 DAV is 193,000
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$47.72
-2.72%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 10/4/2016 5:29:29 PM
Y - Quietly holding its ground. New pivot point was recently cited based on its 8/29/16 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Recent lows and its 50 DMA line define near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Possibly Forming New Base While Holding Ground Near Highs - 9/20/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$64.32
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+1.81
2.90% |
$64.45
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138,512
63.83% of 50 DAV
50 DAV is 217,000
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$69.53
-7.49%
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9/28/2016
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$64.85
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PP = $66.87
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MB = $70.21
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Most Recent Note - 10/6/2016 4:55:51 PM
Y - Color code is changed to yellow after quietly rebounding above its 50 DMA line today. A new pivot point was cited based on its 9/06/16 high, however volume-driven gains are still needed to trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Support While Building on a New "Double Bottom" Base Pattern - 9/28/2016 |
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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 |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
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$35.07
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-0.47
-1.32% |
$35.53
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435,401
84.54% of 50 DAV
50 DAV is 515,000
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$40.47
-13.34%
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8/29/2016
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$37.08
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PP = $36.44
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MB = $38.26
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Most Recent Note - 10/4/2016 5:27:44 PM
G - Color code is changed to green after violating its 50 DMA line ($35.81) today with a big loss on higher (near average) volume. Recent lows ($34.18 on 9/09/16) define important near-term support where further deterioration would raise greater concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Recently Acted as Support - 9/29/2016 |
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
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$52.82
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+0.68
1.30% |
$52.85
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53,395
105.94% of 50 DAV
50 DAV is 50,400
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$53.58
-1.42%
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7/19/2016
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$53.28
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PP = $52.82
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MB = $55.46
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Most Recent Note - 10/5/2016 5:29:27 PM
G - Posted a small gain with higher volume today and it remains above its 50 DMA line. Subsequent volume-driven gains for new highs would be a very reassuring sign of institutional buying demand. Relative Strength Rating is currently 77, below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating is Under Guidelines While Perched Near Highs - 9/22/2016 |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$61.03
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+0.36
0.59% |
$61.16
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80,259
44.34% of 50 DAV
50 DAV is 181,000
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$61.87
-1.36%
|
8/5/2016
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$51.72
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PP = $56.08
|
|
MB = $58.88
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Most Recent Note - 10/5/2016 5:31:45 PM
G - Perched near its all-time high, stubbornly holding its ground, extended from any sound base. Its 50 DMA line ($57.58) defines important near-term support above its Sep '15 highs.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near All-Time High - 9/12/2016 |
View all notes |
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News |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$26.90
|
-0.19
-0.70% |
$27.09
|
1,306,707
120.66% of 50 DAV
50 DAV is 1,083,000
|
$28.72
-6.34%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 10/6/2016 4:54:59 PM
Y - Pulled back with above average volume for 2 consecutive sessions since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents. Gapped up and was featured in the 10/04/16 mid-day report rebounding well above its 50 DMA line with a considerable volume-driven gain. Completed a Secondary Offerings on 6/06/16 and 2/18/16. Reported earnings +50% on +16% sales revenues for the Jul '16 quarter. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." See the latest FSU analysis for additional details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Gapped Up on News Being Added to S&P 600 Small Cap Index - 10/4/2016 |
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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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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
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