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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 25TH, 2011
Previous After Market Report Next After Market Report >>>
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DOW |
-25.77 |
11,231.78 |
-0.23% |
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Volume |
441,766,850 |
-50% |
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Volume |
689,123,550 |
-59% |
NASDAQ |
-18.57 |
2,441.51 |
-0.75% |
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Advancers |
1,250 |
41% |
|
Advancers |
696 |
28% |
S&P 500 |
-3.12 |
1,158.67 |
-0.27% |
|
Decliners |
1,633 |
54% |
|
Decliners |
1,664 |
67% |
Russell 2000 |
-8.18 |
666.16 |
-1.21% |
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52 Wk Highs |
44 |
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52 Wk Highs |
5 |
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S&P 600 |
-4.67 |
371.31 |
-1.24% |
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52 Wk Lows |
129 |
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52 Wk Lows |
166 |
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Major Average End Worst Thanksgiving Week Since 1932
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow and S&P 500 posted their worst Thanksgiving week since 1932. The Dow was down -4.58%, the S&P lost -4.72%, and the Nasdaq fell -5.66%. The major averages ended with small losses after trading mostly higher throughout Friday's shortened post-Thanksgiving session. Light volume totals were reported as expected on the NYSE and on the Nasdaq exchange. Decliners led advancers by about 4-3 on the NYSE and by more than 2-1 on the Nasdaq exchange. New 52-week lows solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE while the new 52-week highs total on the Nasdaq exchange was in the single digits. There was 1 high-ranked company from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 2 stocks. There were gains for only 2 of the 16 high-ranked companies currently included on the Featured Stocks Page.
Optimism for a record breaking "Black Friday" brought in some confidence. European debt concerns eased somewhat, but contagion concerns remain. The euro zone's member states are considering dropping private sector involvement in the region's bailout fund. However, Italy's two- and five-year bond yields soared to euro-era highs and Moody's downgrade of Hungary's debt to junk status weighed on sentiment.
In commodities, crude oil advanced nearly 1% before falling back below $97 a barrel. Gold remained below $1,700 an ounce as the U.S. dollar caught bids. The 10-year note yield was down 21/32 to 1.96%.
Our monthly newsletter CANSLIM.net News will be published soon with an informative review of current market conditions, leading groups, and best buy candidates. Via the Premium Member Homepage links to all prior reports and webcasts are always available.
PICTURED: The S&P 500 Index extended its losing streak to 7 consecutive sessions. Its -4.72% weekly loss marked its worst Thanksgiving week since 1932. Year-to-date the benchmark index is negative by -7.87%. Meanwhile, the Nasdaq is off -7.96% and the Dow is down -2.99% YTD.
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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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Bank Index Posts Small Gain But Remains Near 2011 Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.46%) and Bank Index ($BKX +0.52%) were standouts by simply posting small gains as most groups fell on Friday's session. Defensive groups gave no reward to safe haven investors as the Gold & Silver Index ($XAU -1.12%) and Healthcare Index ($HMO -0.97%) sank. The tech sector had a negative bias as the Semiconductor Index ($SOX -1.16%), Internet Index ($IIX -0.91%), Biotechnology Index ($BTK -0.78%), and Networking Index ($NWX -0.37%) ended unanimously lower. The Retail Index ($RLX -0.81%) was weak, and energy-related shares fell as the Integrated Oil Index ($XOI -0.92%) and Oil Services Index ($OSX -0.24%) lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +0.52%) posted a small gain, however the influential financial index has recently been slumping under its 50-day moving average line near 2011 lows.
Oil Services |
$OSX |
209.33 |
-0.51 |
-0.24% |
-14.60% |
Healthcare |
$HMO |
2,101.20 |
-20.66 |
-0.97% |
+24.19% |
Integrated Oil |
$XOI |
1,114.30 |
-10.39 |
-0.92% |
-8.15% |
Semiconductor |
$SOX |
344.14 |
-4.03 |
-1.16% |
-16.43% |
Networking |
$NWX |
207.72 |
-0.77 |
-0.37% |
-25.96% |
Internet |
$IIX |
267.02 |
-2.44 |
-0.91% |
-13.23% |
Broker/Dealer |
$XBD |
76.38 |
+0.35 |
+0.46% |
-37.14% |
Retail |
$RLX |
500.37 |
-4.10 |
-0.81% |
-1.58% |
Gold & Silver |
$XAU |
187.58 |
-2.13 |
-1.12% |
-17.21% |
Bank |
$BKX |
34.90 |
+0.18 |
+0.52% |
-33.15% |
Biotech |
$BTK |
1,001.60 |
-7.85 |
-0.78% |
-22.81% |
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Stalled After Rallying to a New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
F E I Co (FEIC -$0.58 or -1.57% to $36.32) color code was recently changed to green after it slumped well below its pivot point. Disciplined investors limit losses if a stock falls more than -7% from their purchase, so any who may have accumulated shares in recent weeks have likely been prompted to sell by its subsequent weakness. It finished -14.0% off its 52-week high today and it may be forming a new base pattern, but it needs to show some technical strength for its outlook to improve. Its last appearance in this FSU section was on 10/28/11 with an annotated daily graph under the headline, "Sprinting Straight Up From Bottom of 16-Week Cup Shaped Base." It had been highlighted in yellow that day in the mid-day report with a pivot point based on its 7/07/11 high plus 10 cents. It finished strong after a considerable gap up gain, rallying straight up from the bottom of a 16-week cup shaped base and triggering a technical buy signal while hitting a new all-time high with volume four times average behind the gain. However, it stalled after reaching the new high ground, rather than continuing on upward to make any meaningful progress.
The strong action came after reporting earnings +103% on +34% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Sales revenues and earnings increases (C criteria) have been strong in recent quarterly comparisons. Concern was previously noted because its annual earnings (A criteria) history was up and down, yet recent fundamental and technical action has been a better match for winning models of the fact-based investment system.
The weekly graph below shows that number of top-rated funds owning its shares rose from 284 in Dec '10 to 350 in Sep '11, a reassuring sign concerning the I criteria. Its Group RS Rating is only a mediocre 40 now, however leadership provided by other companies in the Electronics - Scientific Measuring industry group has been a reassuring sign concerning the L criteria. Its small supply of only 37.6 million shares outstanding is a favorable characteristic concerning the S criteria. Disciplined investors avoid chasing stocks more than +5% above a prior chart high, and they always limit losses at -7% by selling if a stock falls that much from their purchase price.
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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 |
ADS
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NYSE
Alliance Data Sys Corp
COMPUTER SOFTWARE and SERVICES - Information and Delivery Service
|
$93.08
|
-0.38
-0.41% |
$93.89
|
218,530 23.01% of 50 DAV
50 DAV is 949,900
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$107.18 -13.16%
|
10/21/2011
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$97.94
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PP = $101.15
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MB = $106.21
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Most Recent Note - 11/25/2011 3:39:04 PM
G - Down today on below average volume for its 9th consecutive loss. The next important chart support is at its 200 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 11/17/2011. Click here.
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C
A N
S L
I M
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$63.87
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-1.00
-1.54% |
$64.88
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355,812 23.39% of 50 DAV
50 DAV is 1,521,300
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$70.42 -9.30%
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9/15/2011
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$63.20
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PP = $60.81
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MB = $63.85
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Most Recent Note - 11/25/2011 3:45:52 PM
G - Sputtering below its 50 DMA line, hurting its outlook, and its color code is changed to green. Any subsequent violation of its recent low ($62.02 on 11/21/11) would raise more serious concerns and trigger a more worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 11/14/2011. Click here.
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C
A N
S L
I M
|
CATM
-
NASDAQ
Cardtronics Inc
DIVERSIFIED SERVICES - Business/Management Services
|
$23.38
|
-0.13
-0.55% |
$23.88
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103,455 24.53% of 50 DAV
50 DAV is 421,700
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$28.46 -17.85%
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11/8/2011
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$25.99
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PP = $25.95
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MB = $27.25
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Most Recent Note - 11/25/2011 3:49:08 PM
Today's 7th consecutive loss led to a deeper slump below its 50 DMA line leaving it now -17.9% off its high. Raised concerns by its technical deterioration and it will be dropped from the Featured Stocks list tonight. >>> The latest Featured Stock Update with an annotated graph appeared on 11/8/2011. Click here.
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C
A N
S L
I M
|
CELG
-
NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major
|
$60.24
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-0.19
-0.31% |
$60.91
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1,605,617 41.79% of 50 DAV
50 DAV is 3,841,700
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$68.25 -11.74%
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9/16/2011
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$61.21
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PP = $62.59
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MB = $65.72
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Most Recent Note - 11/25/2011 3:41:37 PM
G - Sinking toward its 200 DMA line. A rebound above its 50 DMA line is needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 11/7/2011. Click here.
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C
A N
S L
I M
|
FEIC
-
NASDAQ
F E I Co
ELECTRONICS - Diversified Electronics
|
$36.32
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-0.58
-1.57% |
$37.10
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167,224 38.28% of 50 DAV
50 DAV is 436,900
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$42.25 -14.04%
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10/28/2011
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$40.31
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PP = $40.88
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MB = $42.92
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Most Recent Note - 11/22/2011 5:36:13 PM
G - Color code is changed to green as it slumps further below its pivot point, finishing -12.5% off its 52-week high today. Disciplined investors limit losses if a stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 11/25/2011. Click here.
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C
A N
S L
I M
|
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 |
GNC
-
NYSE
G N C Holdings Inc
RETAIL - Drug Stores
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$27.35
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+0.32
1.18% |
$27.65
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811,022 63.15% of 50 DAV
50 DAV is 1,284,300
|
$27.99 -2.29%
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10/26/2011
|
$24.60
|
PP = $24.80
|
MB = $26.04
|
Most Recent Note - 11/25/2011 11:11:12 AM
G - Gain today has it poised for a new best-ever close. Prior chart highs in the $25-26 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 11/21/2011. Click here.
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C
A N
S L
I M
|
HMSY
-
NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service
|
$27.82
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-0.42
-1.49% |
$28.39
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249,232 36.73% of 50 DAV
50 DAV is 678,600
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$31.99 -13.04%
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10/27/2011
|
$26.44
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PP = $28.37
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MB = $29.79
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Most Recent Note - 11/23/2011 3:44:58 PM
Y - Color code is changed to yellow while consolidating quietly above prior highs in the $27-28 area noted previously as support to watch on pullbacks. Its high was marked by a negative reversal on 11/14/11 after hitting a new all-time high. >>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2011. Click here.
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C
A N
S L
I M
|
ISRG
-
NASDAQ
Intuitive Surgical Inc
HEALTH SERVICES - Medical Appliances and Equipment
|
$413.26
|
-3.67
-0.88% |
$419.98
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156,380 37.89% of 50 DAV
50 DAV is 412,700
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$449.06 -7.97%
|
10/19/2011
|
$424.69
|
PP = $415.29
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MB = $436.05
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Most Recent Note - 11/23/2011 3:48:28 PM
Y - Color code is changed to yellow while quietly consolidating just above its 50 DMA line and above the old high which was the basis for the last pivot point cited. More damaging losses would raise greater concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2011. Click here.
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C
A N
S L
I M
|
MG
-
NYSE
Mistras Group Inc
DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services
|
$20.73
|
-0.23
-1.10% |
$20.97
|
34,878 16.84% of 50 DAV
50 DAV is 207,100
|
$23.51 -11.82%
|
10/28/2011
|
$22.49
|
PP = $23.61
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MB = $24.79
|
Most Recent Note - 11/23/2011 3:53:06 PM
Y - Quietly consolidating near its 50 DMA line and prior highs defining important chart support to watch near $21. More damaging losses would raise concerns and trigger a technical sell signal >>> The latest Featured Stock Update with an annotated graph appeared on 11/11/2011. Click here.
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C
A N
S L
I M
|
MKTX
-
NASDAQ
Marketaxess Holdings Inc
FINANCIAL SERVICES - Investment Brokerage - Nationa
|
$26.37
|
-0.72
-2.66% |
$26.94
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39,560 16.34% of 50 DAV
50 DAV is 242,100
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$31.45 -16.15%
|
10/28/2011
|
$29.79
|
PP = $31.05
|
MB = $32.60
|
Most Recent Note - 11/25/2011 3:33:59 PM
G - Remains below its 50 DMA line, and now its prior lows and 200 DMA line in the $24-25 area define the next support area to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2011. Click here.
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C
A N
S L
I M
|
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 |
OSIS
-
NASDAQ
O S I Systems Inc
ELECTRONICS - Semiconductor Equipment and Mate
|
$42.51
|
-0.29
-0.68% |
$43.15
|
52,125 35.12% of 50 DAV
50 DAV is 148,400
|
$47.39 -10.30%
|
11/1/2011
|
$42.07
|
PP = $45.57
|
MB = $47.85
|
Most Recent Note - 11/23/2011 3:34:42 PM
G - Gapped down again today, slumping well below its pivot point with another loss on light volume. Color code is changed to green while consolidating well above its 50 DMA line. There were no confirming gains backed by volume, and it has instead endured distributional pressure. >>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2011. Click here.
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C
A N
S L
I M
|
RAX
-
NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services
|
$39.27
|
-0.23
-0.58% |
$39.78
|
487,335 30.64% of 50 DAV
50 DAV is 1,590,600
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$46.50 -15.54%
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11/8/2011
|
$44.28
|
PP = $46.27
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MB = $48.58
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Most Recent Note - 11/23/2011 3:38:24 PM
G - Pulling back again today on light volume, slumping very near support at its 50 and 200 DMA lines. Subsequent violations would trigger damaging technical sell signals, meanwhile it faces near-term resistance up through the $45 area. >>> The latest Featured Stock Update with an annotated graph appeared on 11/10/2011. Click here.
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C
A N
S L
I M
|
SWI
-
NYSE
Solarwinds Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$30.06
|
-0.41
-1.35% |
$30.76
|
298,036 25.43% of 50 DAV
50 DAV is 1,172,200
|
$31.69 -5.14%
|
10/27/2011
|
$27.78
|
PP = $25.62
|
MB = $26.90
|
Most Recent Note - 11/22/2011 5:41:42 PM
G - Holding its ground near its all-time high, extended from its previous base pattern. Prior highs in the $25-26 area define initial chart support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/22/2011. Click here.
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C
A N
S L
I M
|
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
|
$91.17
|
+0.34
0.37% |
$92.41
|
163,457 39.58% of 50 DAV
50 DAV is 413,000
|
$102.73 -11.25%
|
11/9/2011
|
$98.45
|
PP = $95.14
|
MB = $99.90
|
Most Recent Note - 11/25/2011 3:37:13 PM
Y - Held its ground today with a small gain on light volume. After hitting a new 52-week high on 11/17/11 it marked its top with a negative reversal for a loss on heavy volume. Its 50 DMA line defines near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 11/9/2011. Click here.
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A N
S L
I M
|
UA
-
NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing
|
$74.69
|
-1.74
-2.28% |
$76.69
|
494,752 37.24% of 50 DAV
50 DAV is 1,328,400
|
$87.40 -14.54%
|
10/25/2011
|
$82.43
|
PP = $80.80
|
MB = $84.84
|
Most Recent Note - 11/25/2011 3:30:23 PM
G - Color code is changed to green while remaining below prior highs near $80 and encountering resistance after slumping below its 50 DMA line. Its 200 DMA line defines the next important support level. >>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2011. Click here.
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A N
S L
I M
|
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 |
V
-
NYSE
Visa Inc Cl A
DIVERSIFIED SERVICES - Business/Management Services
|
$89.02
|
-0.27
-0.30% |
$90.39
|
1,733,391 32.67% of 50 DAV
50 DAV is 5,305,100
|
$95.87 -7.15%
|
10/24/2011
|
$94.21
|
PP = $94.85
|
MB = $99.59
|
Most Recent Note - 11/25/2011 3:32:23 PM
G - Down today on lighter volume while slumping further below its 50 DMA line. Color code is changed to green after violating the previously noted chart support triggering a more worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2011. Click here.
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A N
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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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