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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 3RD, 2015
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DOW |
+89.39 |
17,918.15 |
+0.50% |
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Volume |
912,460,410 |
+8% |
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Volume |
1,858,494,550 |
+6% |
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NASDAQ |
+17.98 |
5,145.13 |
+0.35% |
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Advancers |
1,801 |
59% |
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Advancers |
1,725 |
60% |
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S&P 500 |
+5.74 |
2,109.79 |
+0.27% |
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Decliners |
1,275 |
41% |
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Decliners |
1,148 |
40% |
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Russell 2000 |
+5.49 |
1,191.58 |
+0.46% |
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52 Wk Highs |
109 |
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52 Wk Highs |
91 |
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S&P 600 |
+3.38 |
705.39 |
+0.48% |
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52 Wk Lows |
23 |
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52 Wk Lows |
29 |
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Breadth Positive as Major Averages Rose With Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rose on Tuesday’s session. The Dow was up 89 points to 17918. The S&P 500 was 6 points higher at 2109 The NASDAQ climbed 18 points to 5145. Volume totals were reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 49 stocks that made it onto the BreakOuts Page, down a notch from the prior session total of 50 high-ranked companies from the Leaders List that made a new 52-week high. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 3 of the 8 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Dow Jones Industrial Average posted a second consecutive gain and finished -2.4% off its all-time high.
The major indices have established a confirmed uptrend (M criteria). Coupled with a reassuring expansion in leadership (stocks hitting new 52-week highs) big gains helped the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index unanimously rally above their respective 200-day moving average lines. The market environment is technically in healthier shape. New buying efforts may be considered in stocks meeting all key criteria, and some new candidates have met the strict guidelines of the fact-based investment system in the recent recovery.
The major averages added to their gains at the start of November as the
energy sector rallied for a third-straight session. Shares of Exxon (XOM +1.84%) and Chevron (CVX +3.35%) rose on positive analyst comments and the
price of crude advanced.
On the economic front, factory orders fell for a second-consecutive month,
down 1.0% in September. Another release showed total vehicle sales in October
totaled 18.2 million, beating the consensus estimate of 17.7 million. Among
earnings releases, American International Group (AIG -4.36%) fell after
posting an unexpected third-quarter loss. Fertilizer maker Mosaic (MOS +5.89%) rose as profits topped consensus estimates. In M&A news, King Digital (KING +14.86%) rose after agreeing to be acquired by Activision Blizzard (ATVI +3.62%) for
$5.9 billion.
Treasuries retreated for a second day amid increased speculation the Fed may
raise rates at its December policy meeting. The benchmark U.S. 10-year Treasury
note was off 11/32 to yield 2.21%. In commodities, NYMEX WTI crude added 3.8% to
$47.91/barrel. COMEX gold finished 1.6% lower at $1117.40/ounce as the dollar
rose against both the euro and the yen. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy Groups Post Standout Gains; Financial, Tech, and Retail Rise
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-related shares had a positive bias as the Oil Services Index ($OSX +3.14%) and the Integrated Oil Index ($XOI +2.71%) both posted solid gains. The Retail Index ($RLX +0.50%) posted a small gain and financial shares had a positive influence on the major averages as the Broker/Dealer Index ($XBD +0.29%) and the Bank Index ($BKX +0.23%) both edged higher on Tuesday. The Biotechnology Index ($BTK +0.31%), Semiconductor Index ($SOX +0.47%), and the Networking Index ($NWX +0.75%) each posted a modest gain. The Gold & Silver Index ($XAU -0.14%) ended the session slightly lower.PICTURED: The Networking Index ($NWX +0.75%) rallied for a new high.
| Oil Services |
$OSX |
188.72 |
+5.74 |
+3.14% |
-10.50% |
| Integrated Oil |
$XOI |
1,254.98 |
+33.06 |
+2.71% |
-6.91% |
| Semiconductor |
$SOX |
671.69 |
+3.16 |
+0.47% |
-2.21% |
| Networking |
$NWX |
402.94 |
+3.02 |
+0.75% |
+12.57% |
| Broker/Dealer |
$XBD |
180.89 |
+0.53 |
+0.29% |
-2.03% |
| Retail |
$RLX |
1,298.25 |
+6.50 |
+0.50% |
+25.71% |
| Gold & Silver |
$XAU |
51.85 |
-0.07 |
-0.13% |
-24.61% |
| Bank |
$BKX |
73.89 |
+0.17 |
+0.23% |
-0.50% |
| Biotech |
$BTK |
3,711.88 |
+11.35 |
+0.31% |
+7.93% |
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Slightly Extended From Prior Base After Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Simmons First Natl Cp (SFNC -$0.72 or -1.36% to $52.24) remains above its "max buy" level. Prior highs in the $48 area define initial support to watch on pullbacks. It was last shown in this FSU section on 10/22/15 with an annotated graph under the headline, "Triple Average Volume Behind Spike to New High Territory", while hitting a new high (N criteria) triggering a technical buy signal. It was highlighted in yellow with pivot point cited based on its 9/17/15 high plus 10 cents in the earlier mid-day report (read here) while noted - "A volume-driven gain today for new highs may trigger a technical buy signal. No resistance remains due to overhead supply." It hails from the Banks - Southeast industry group, a leading group which currently has a 96 Group Relative Strength rating (good L criteria). The banking firm reported earnings +35% on +77% sales revenues for the Sep '15 quarter, and prior quarterly comparisons had earnings strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been improving after a downturn in FY '10 and '11. The number of top-rated funds owning its shares rose from 228 in Dec '14 to 271 in Sep '15, a reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 0.9 suggests that it has encountered mild distributional pressure over the past 50 days. Its small supply of only 28.7 millions shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying and selling. Charts courtesy www.stockcharts.com
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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 |
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Max Buy |
SFNC
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NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$52.24
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-0.72
-1.36% |
$52.86
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124,425
63.81% of 50 DAV
50 DAV is 195,000
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$54.00
-3.26%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 11/3/2015 5:09:31 PM
G - Consolidating above its "max buy" level. Prior highs in the $48 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Slightly Extended From Prior Base After Breakout - 11/3/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
MANH
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NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$74.94
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+0.97
1.31% |
$75.48
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547,172
100.21% of 50 DAV
50 DAV is 546,000
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$74.85
0.12%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 11/2/2015 5:34:01 PM
G - Consolidating above "max buy" level following volume-driven gains. Prior highs in the $69 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Prior Highs Define Support Following Recent Breakout - 11/2/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
JBSS
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NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$61.15
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+1.14
1.90% |
$61.36
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113,878
156.00% of 50 DAV
50 DAV is 73,000
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$66.29
-7.75%
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10/27/2015
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$56.00
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PP = $57.33
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MB = $60.20
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Most Recent Note - 11/3/2015 12:46:20 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level. Prior highs in the $57 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Small Supply in Food Firm Tecnically Breaking Out - 10/27/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
ULTI
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NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$204.44
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-0.65
-0.32% |
$206.98
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137,396
52.04% of 50 DAV
50 DAV is 264,000
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$209.60
-2.46%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 10/29/2015 6:39:10 PM
Y - Volume-driven gains above the pivot point clinched a technical buy signal. Reported earnings +38% on +22% sales revenues for the Sep '15 quarter. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By Heavy Volume - 10/28/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
ULTA
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NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$172.95
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+0.19
0.11% |
$174.95
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644,534
69.23% of 50 DAV
50 DAV is 931,000
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$176.77
-2.16%
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10/22/2015
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$168.02
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PP = $170.31
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MB = $178.83
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Most Recent Note - 10/29/2015 6:36:47 PM
Y - Posted low volume gains above its pivot point for its best-ever close and no resistance remains due to overhead supply. Gains above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Indicative of Institutional Buying Demand - 10/29/2015 |
View all notes |
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Company Profile |
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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 |
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Max Buy |
FLTX
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NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$53.85
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-1.52
-2.75% |
$55.39
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814,861
219.05% of 50 DAV
50 DAV is 372,000
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$57.15
-5.77%
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9/23/2015
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$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 11/3/2015 5:12:59 PM
G - Reporting earnings this evening and volume and volatility often increase near earnings news. Pulled back today with higher volume indicative of distributional pressure. Prior highs in the $52 area acted as support during its consolidation.
>>> FEATURED STOCK ARTICLE : Earnings News Due May Contribute to Volatility Next Week - 10/30/2015 |
View all notes |
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Company Profile |
SEC
News |
Chart |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$68.92
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-0.86
-1.23% |
$69.50
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227,980
101.78% of 50 DAV
50 DAV is 224,000
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$70.94
-2.85%
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10/22/2015
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$66.65
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PP = $68.95
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MB = $72.40
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Most Recent Note - 11/2/2015 5:36:18 PM
Y - Posted a solid gain today with higher volume. Gap up on 10/23/15 and new 52-week high triggered a new (or add-on) technical buy signal. New pivot point cited was based on its 9/17/15 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Retreat Into Prior Base Following Latest Breakout - 10/26/2015 |
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Company Profile |
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News |
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C
A
S
I |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$52.15
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-0.64
-1.21% |
$55.45
|
759,439
238.82% of 50 DAV
50 DAV is 318,000
|
$53.87
-3.19%
|
10/23/2015
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$42.12
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PP = $44.85
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MB = $47.09
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Most Recent Note - 11/3/2015 12:58:10 PM
G - Rallying further into new high territory above its "max buy" level with today's 5th consecutive volume-driven gains. Disciplined investors avoid chasing stocks extended more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Finished Strong But Approaching Prior Resistance - 10/23/2015 |
View all notes |
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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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