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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 12TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-254.15 |
17,448.07 |
-1.44% |
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Volume |
855,336,620 |
+8% |
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Volume |
1,662,806,330 |
+7% |
|
NASDAQ |
-61.94 |
5,005.08 |
-1.22% |
|
Advancers |
564 |
18% |
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Advancers |
644 |
22% |
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S&P 500 |
-29.03 |
2,045.97 |
-1.40% |
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Decliners |
2,518 |
82% |
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Decliners |
2,281 |
78% |
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Russell 2000 |
-23.26 |
1,154.81 |
-1.97% |
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52 Wk Highs |
19 |
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52 Wk Highs |
33 |
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S&P 600 |
-12.98 |
681.01 |
-1.87% |
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52 Wk Lows |
185 |
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52 Wk Lows |
145 |
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Breadth Negative and Distributional Pressure Increased
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks retreated on Thursday. The Dow was down 254 points to 17447. The S&P 500 lost 29 points to 2045. The NASDAQ was off 61 points to 5005. Volume totals were reported higher on the NYSE and on the Nasdaq exchange, a sign of heavier selling pressure coming from the institutional crowd. Breadth was negative as decliners led advancers by more than a 4-1 margin on the NYSE and by more than a 3-1 margin on the Nasdaq exchange. Leadership contracted abruptly as there were 13 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 63 on the prior session. New 52-week lows totals expanded and solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. There were only 2 gainers from the 11 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Dow Jones Industrial Average fell below its 200-day moving average (DMA) line, raising concerns with a big loss Thursday on higher volume. It finished -4.9% off its all-time high.
The major indices (M criteria) endured distributional pressure while leadership abruptly contracted. New buying efforts may only be considered in stocks meeting all key criteria. The major averages sold off amid diverging policy statements from central
bankers. In the U.S., several Federal Reserve leaders gave speeches on Thursday
advocating raising interest rates in December. ECB President Mario Draghi took a
more dovish tone, saying economic risks are “clearly visible.” In other news,
276,000 Americans filed initial jobless claims last week, above analyst
projections of 270,000, but still near 40-year lows.
In earnings, Kohl’s (KSS +6.09%) was higher after soundly beating
analyst earnings and revenue projections. Advanced Auto Parts (AAP -15.43%) and Energizer Holdings (ENR -9.05%) after each company
missed on the bottom line and significantly cut forward guidance.
All ten sectors in the S&P 500 finished lower on Thursday. Energy and
materials stocks led the descent while the telecom and tech sectors were most
resilient.
Treasuries were mixed with the curve flattening. The benchmark 10-year note
added 4/32 to yield 2.32%. The Bloomberg Commodity Index touched its lowest level since 1999. WTI crude
lost 2.6% to $41.82/barrel on the NYMEX while gold was off 0.5% to
$1079.40/ounce on the COMEX. In FOREX, the U.S. dollar slid lower with
particular weakness against the euro.
The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.03%) and Bank Index ($BKX -1.72%) both had a negative influence on the major averages on Thursday and the Retail Index ($RLX -1.03%) also created a drag. The Biotechnology Index ($BTK -2.11%), Networking Index ($NWX -1.22%), and the Semiconductor Index ($SOX -1.29%) were unanimously lower. Commodity-linked groups also fell as the Integrated Oil Index ($XOI -2.22%), Oil Services Index ($OSX -1.88%), and the Gold & Silver Index ($XAU -1.55%) each lost ground.PICTURED: The Oil Services Index ($OSX -1.88%) recently met resistance near its 200-day moving average (DMA) line then slumped back near its 50 DMA line and prior lows.
| Oil Services |
$OSX |
174.46 |
-3.34 |
-1.88% |
-17.27% |
| Integrated Oil |
$XOI |
1,166.60 |
-26.54 |
-2.22% |
-13.47% |
| Semiconductor |
$SOX |
649.77 |
-8.51 |
-1.29% |
-5.40% |
| Networking |
$NWX |
385.00 |
-4.74 |
-1.22% |
+7.56% |
| Broker/Dealer |
$XBD |
180.76 |
-3.74 |
-2.03% |
-2.10% |
| Retail |
$RLX |
1,270.38 |
-13.16 |
-1.03% |
+23.01% |
| Gold & Silver |
$XAU |
45.23 |
-0.71 |
-1.55% |
-34.24% |
| Bank |
$BKX |
74.40 |
-1.30 |
-1.72% |
+0.19% |
| Biotech |
$BTK |
3,591.02 |
-77.47 |
-2.11% |
+4.42% |
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Consolidating Near "Max Buy" Level and Well Above Prior Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Sanfilippo John B & Son (JBSS +$0.09 or +0.15% to $60.30 is consolidating near its "max buy" level. Prior highs in the $57 area acted as support during the pullback shortly after its technical breakout on heavy volume. It was last shown in this FSU section with an annotated graph on 10/27/15 under the headline, "Small Supply in Food Firm Technically Breaking Out". It was highlighted in yellow with pivot point cited based on its 7/14/15 high plus 10 cents in the earlier mid-day report (read here). The considerable gain backed by +162% above average volume and strong finish above the pivot point clinched a technical buy signal. The Food - Misc Preparation firm processes and markets various nuts. JBSS reported earnings +34% on +10% sales revenues for the Sep '15 quarter, its 3rd consecutive earnings comparison (C criteria) above the +25% minimum guideline. Earnings rose +73% in the Mar '15 quarter and +27% in the Jun '15 quarter versus the year ago periods. Its annual earnings (A criteria) history has been strong after a downturn in FY '11. It has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of only 8.3 million shares (S criteria) in the float may contribute to greater price volatility. The number of top-rated funds owning its shares rose from 200 in Dec '14 to 244 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. 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 |
|
Max Buy |
PNFP
-
NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$54.20
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-0.83
-1.51% |
$54.82
|
120,461
69.63% of 50 DAV
50 DAV is 173,000
|
$57.99
-6.53%
|
11/6/2015
|
$56.34
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PP = $55.58
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|
MB = $58.36
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Most Recent Note - 11/9/2015 5:41:45 PM
Y - Pulled back today after triggering a technical buy signal on the prior session. Found support at its 200 DMA line during its consolidation in prior months. Reported earnings +27% on +35% sales revenues for the Sep '15 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria) helping it better match the fact-based investment system's guidelines. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched at High Following Breakout - 11/9/2015 |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$55.60
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-1.01
-1.78% |
$56.67
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154,845
78.20% of 50 DAV
50 DAV is 198,000
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$58.58
-5.09%
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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 - 11/11/2015 10:08:40 AM
G - Getting very extended from its prior base and hitting yet another new 52-week high with today's big gain. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slightly Extended From Prior Base After Breakout - 11/3/2015 |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$73.35
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-1.53
-2.04% |
$74.88
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417,094
79.60% of 50 DAV
50 DAV is 524,000
|
$76.49
-4.11%
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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 - 11/12/2015 5:22:04 PM
Y - Color code is changed to yellow after a pullback on light volume and close today just below its "max buy" level. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Prior Highs Define Support Following Recent Breakout - 11/2/2015 |
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C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$60.30
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+0.09
0.15% |
$61.03
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71,818
98.38% of 50 DAV
50 DAV is 73,000
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$66.29
-9.04%
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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 - 11/12/2015 5:19:18 PM
G - Consolidating near its "max buy" level. Prior highs in the $57 area acted as support after its 10/27/15 technical breakout. See latest FSU analysis for more details and a new annotated graph..
>>> FEATURED STOCK ARTICLE : Consolidating Near "Max Buy" Level and Well Above Prior Highs - 11/12/2015 |
View all notes |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$98.99
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-0.61
-0.61% |
$100.01
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235,065
85.79% of 50 DAV
50 DAV is 274,000
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$106.43
-6.99%
|
11/6/2015
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$100.75
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PP = $88.97
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MB = $93.42
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Most Recent Note - 11/9/2015 1:14:11 PM
G - Pulling back today after quickly getting very extended from prior highs with a "breakaway gap" backed by nearly 8 times average volume on the prior session. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Big Breakaway Gap With Heavy Volume Following Earnings News - 11/6/2015 |
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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 |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$204.64
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-0.43
-0.21% |
$206.73
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213,571
84.42% of 50 DAV
50 DAV is 253,000
|
$216.27
-5.38%
|
10/28/2015
|
$204.38
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PP = $195.28
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|
MB = $205.04
|
Most Recent Note - 11/11/2015 5:19:17 PM
G - Quietly consolidating near its "max buy" level. Prior highs in the $195 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By Heavy Volume - 10/28/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$169.36
|
-1.33
-0.78% |
$171.49
|
622,344
86.92% of 50 DAV
50 DAV is 716,000
|
$176.77
-4.19%
|
10/22/2015
|
$168.02
|
PP = $170.31
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MB = $178.83
|
Most Recent Note - 11/10/2015 7:23:04 PM
Y - Posted a gain today with light volume, ending within close striking distance of its all-time high. No resistance remains due to overhead supply, however, its has not posted a gain above the pivot point backed by at least +40% above average volume, and a convincing gain is still needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Indicative of Institutional Buying Demand - 10/29/2015 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$59.08
|
-0.88
-1.47% |
$59.90
|
370,248
88.15% of 50 DAV
50 DAV is 420,000
|
$61.75
-4.32%
|
9/23/2015
|
$51.26
|
PP = $52.55
|
|
MB = $55.18
|
Most Recent Note - 11/10/2015 7:17:30 PM
G - Hit another new high today, getting more extended from its prior base. Recent highs in the $56 area define near-term support to watch above its 50 DMA line ($51.85).
>>> FEATURED STOCK ARTICLE : Earnings News Due May Contribute to Volatility Next Week - 10/30/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$76.30
|
+1.09
1.45% |
$76.68
|
238,325
104.53% of 50 DAV
50 DAV is 228,000
|
$77.39
-1.41%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
|
Most Recent Note - 11/11/2015 1:07:44 PM
G - Getting extended from the prior base, rallying above its "max buy" level, and its color code was changed to green. Reported Sep '15 earnings +45% on +29% sales revenues and raised guidance. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Getting More Extended From Prior Base - 11/11/2015 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$16.83
|
-0.64
-3.66% |
$17.42
|
12,775
75.15% of 50 DAV
50 DAV is 17,000
|
$17.95
-6.24%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
|
Most Recent Note - 11/12/2015 1:20:28 PM
Y - Pulling back after it was perched within close striking distance of its 52-week high, quietly consolidating. Members were recently reminded - "Subsequent gains above its pivot point backed by at least +40% above average volume may trigger a technical buy signal."
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs in 19-Week Base - 11/4/2015 |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$51.77
|
-0.37
-0.71% |
$52.33
|
201,437
58.90% of 50 DAV
50 DAV is 342,000
|
$55.45
-6.64%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 11/10/2015 7:13:38 PM
G - Wedging higher with recent gains. Held its ground following a breakout and gains with much higher volume totals. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedging Higher Following Volume-Driven Breakout - 11/10/2015 |
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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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