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AFTER MARKET UPDATE - TUESDAY, DECEMBER 1ST, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+168.43 |
17,888.35 |
+0.95% |
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Volume |
844,961,240 |
-36% |
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Volume |
1,840,045,960 |
-10% |
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NASDAQ |
+47.64 |
5,156.31 |
+0.93% |
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Advancers |
2,196 |
71% |
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Advancers |
1,676 |
58% |
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S&P 500 |
+22.22 |
2,102.63 |
+1.07% |
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Decliners |
891 |
29% |
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Decliners |
1,197 |
42% |
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Russell 2000 |
+6.05 |
1,204.16 |
+0.50% |
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52 Wk Highs |
105 |
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52 Wk Highs |
121 |
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S&P 600 |
+4.61 |
711.36 |
+0.65% |
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52 Wk Lows |
52 |
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52 Wk Lows |
61 |
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Breadth Positive But Volume Lighter Behind Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow jumped 168 points to 17888. The S&P 500 was up 22 points to 2102. The NASDAQ advanced 47 points to 5156. Volume totals on Tuesday's session were down from Monday's totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 70 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 76 on the prior session. There were gains for 6 of the 13 high-ranked companies currently on the Featured Stocks Page. New 52-week highs outnumbered new 52-week lows on both the Nasdaq exchange and the NYSE.
Charts courtesy www.stockcharts.com
 PICTURED: The Dow Jones Industrial Average faces near-term resistance at prior highs while perched -2.5% off its all-time high. It is consolidating above its 50-day and 200-day moving average (DMA) lines.
All three major averages (M criteria) showed impressive strength and recently rebounded above their respective 200 DMA lines while leadership (stocks hitting new highs) improved. New buying efforts may only be considered in stocks meeting all key criteria.The major averages were stronger amid an influx of economic updates. Institute of Supply management manufacturing numbers for November unexpectedly declined, falling to 48.6 versus an expected 50.5. Manufacturing PMI, on the other hand, ticked up to 52.8, from a projected 52.6. A separate release showed construction spending increased by 1% in October, above an expected 0.6% gain. In corporate news, Eli Lilly (LLY +5.4%) while Joy Global (JOY -13.2%) after receiving diverging commentary from sell-side analysts. Amazon.com (AMZN +2.2%) after the online retailer reported record sales of electronic devices over the weekend. American Airlines (AAL +4.8%) rallied on news the company reached a labor agreement with the union of its reservation and gate agents. All ten sectors in the S&P 500 finished higher on Tuesday. Healthcare, financial and tech stocks all increased more than 1% to pace the gains. Treasuries strengthened after the disappointing ISM manufacturing data. The benchmark 10-year note jumped 16/32 to yield 2.15%. In commodities, NYMEX WTI crude was off 0.2% to $41.56/barrel. COMEX gold added 0.2% to $1068.00/ounce. In FOREX, the dollar retreated against all of its major peers. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Financial, Retail, and Tech Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +3.33%) was a standout gainer on Tuesday and a positive bias in energy-related shares helped the Integrated Oil Index ($XOI +1.05%) and Oil Services Index ($OSX +0.43%) post modest gains. The Retail Index ($RLX+1.02%) bounced back and boosted the major averages while the Bank Index ($BKX+1.05%) and the Broker/Dealer Index ($XBD +1.42%) both were positive influences on the major averages . The Semiconductor Index ($SOX +1.39%) led the tech sector higher while the Networking Index ($NWX +0.88%) and the Biotechnology Index ($BTK +0.35%) both followed with smaller gains.Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +0.35%) rebounded above its 50-day moving average (DMA) line and above a multi-month downward trendline, but it still remains below its 200 DMA line.
| Oil Services |
$OSX |
179.77 |
+0.77 |
+0.43% |
-14.75% |
| Integrated Oil |
$XOI |
1,203.49 |
+12.50 |
+1.05% |
-10.73% |
| Semiconductor |
$SOX |
686.52 |
+9.38 |
+1.39% |
-0.05% |
| Networking |
$NWX |
396.44 |
+3.47 |
+0.88% |
+10.76% |
| Broker/Dealer |
$XBD |
188.70 |
+2.64 |
+1.42% |
+2.20% |
| Retail |
$RLX |
1,309.62 |
+13.27 |
+1.02% |
+26.81% |
| Gold & Silver |
$XAU |
47.69 |
+1.54 |
+3.34% |
-30.66% |
| Bank |
$BKX |
76.55 |
+0.80 |
+1.06% |
+3.08% |
| Biotech |
$BTK |
3,803.85 |
+13.16 |
+0.35% |
+10.61% |
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Volume Heavy Behind Breakout Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
L G I Homes Inc (LGIH +$2.28 or +6.86% to $35.54) finished strong after highlighted in yellow with new pivot point based on its 10/21/15 high plus 10 cents in the earlier mid-day report (read here). It powered to a new 52-week high with today's considerable gain backed +249% above average volume as it triggering a technical buy signal. It found support at its 50-day moving average (DMA) line recently as it built an orderly base. Disciplined investors avoid chasing stocks more than +5% above their prior high or pivot point, and in this case the stock quickly spiked beyond its "max buy" level. The Building - Residential / Commercial firm has a limited history since its IPO at $11 on 11/07/13. It reported Sep '15 earnings +124% on +88% sales revenues, showing solid sales revenues acceleration while also marking the 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Earnings rose +50% and +53% in Mar and Jun '15 quarters, respectively, both backed by solid sales revenues increases. The number of top-rated funds owning its shares rose from 126 in Dec '14 to 154 in Sep '15, a reassuring sign considering the I criteria. Its Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of C. 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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$54.39
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+0.06
0.11% |
$54.90
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115,332
70.76% of 50 DAV
50 DAV is 163,000
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$57.99
-6.21%
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11/6/2015
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$56.34
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PP = $55.58
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MB = $58.36
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Most Recent Note - 12/1/2015 1:07:58 PM
Y - Volume totals have been cooling in recent weeks while consolidating. Its 50 DMA line ($52.60) defines the next important support level. Concerns were raised as it slumped back into the prior base. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Negated Breakout Then Finding Support Above 50 Day Average - 11/24/2015 |
View all notes |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$58.00
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+0.34
0.59% |
$58.75
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137,959
94.49% of 50 DAV
50 DAV is 146,000
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$58.58
-0.99%
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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 - 12/1/2015 1:10:01 PM
G - Touched a new 52-week high today then reversed into the red. Its 50 DMA line defines near-term support to watch ($51.61) on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/19/2015 |
View all notes |
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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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$76.53
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-0.07
-0.09% |
$77.47
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554,125
102.62% of 50 DAV
50 DAV is 540,000
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$77.03
-0.65%
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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 - 11/30/2015 5:34:50 PM
G - Hit another new high with today's gain on slightly above average volume. Prior highs in the $69 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/18/2015 |
View all notes |
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News |
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C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$47.42
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+0.07
0.15% |
$48.29
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542,893
99.25% of 50 DAV
50 DAV is 547,000
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$48.40
-2.02%
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11/25/2015
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$47.63
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PP = $47.07
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MB = $49.42
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Most Recent Note - 12/1/2015 1:18:03 PM
Y - Stubbornly and quietly holding its ground after its 11/25/15 gain with +36% above average volume. Fundamentals remain strong. Volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Gain For New High With +36% Above Average Volume - 11/25/2015 |
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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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$57.00
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-0.55
-0.96% |
$58.05
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31,371
39.71% of 50 DAV
50 DAV is 79,000
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$66.29
-14.01%
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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 - 11/30/2015 5:33:21 PM
Y - Color code is changed to yellow while pulling back near prior highs in the $57 area and its 50 DMA line defining important support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/30/2015 |
View all notes |
Set NEW NOTE alert |
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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 |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$101.32
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-0.04
-0.04% |
$102.91
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270,084
93.13% of 50 DAV
50 DAV is 290,000
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$106.43
-4.80%
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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 - 11/30/2015 5:36:45 PM
G - Consolidating in a tight range near its 52-week high. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain For Second Best Close - 11/23/2015 |
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C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$197.36
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-0.14
-0.07% |
$198.56
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333,485
126.80% of 50 DAV
50 DAV is 263,000
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$216.27
-8.74%
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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 - 12/1/2015 1:14:57 PM
Y - Consolidating above prior highs in the $195 area defining support along with its 50 DMA line ($194.30). Subsequent violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Following Big Breakout Volume Totals Have Cooled - 11/16/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$165.83
|
-1.17
-0.70% |
$168.95
|
1,111,290
153.07% of 50 DAV
50 DAV is 726,000
|
$176.77
-6.19%
|
10/22/2015
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$168.02
|
PP = $170.31
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MB = $178.83
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Most Recent Note - 11/30/2015 1:29:06 PM
G - Pulling back today on higher volume, a sign of distributional pressure, slumping near its 50 DMA line ($167.55). Its 200 DMA line ($158.76) and recent lows ($151.52) define the next important support. Previously noted with caution - "Fundamental concerns remain after the Sep '15 quarter earnings were below the +25% minimum guideline (C criteria)."
>>> FEATURED STOCK ARTICLE : Gains on Light Volume Before Decisive Drop on Heavy Volume - 11/13/2015 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$61.75
|
+2.05
3.43% |
$61.85
|
435,857
97.95% of 50 DAV
50 DAV is 445,000
|
$61.75
0.00%
|
9/23/2015
|
$51.26
|
PP = $52.55
|
|
MB = $55.18
|
Most Recent Note - 12/1/2015 1:13:12 PM
G - Poised for possibly a best-ever close with today's gain on light volume. Consolidation is still too short to be considered a valid new base. Prior highs in the $56 area define near-term support above its 50 DMA line ($55.46).
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/17/2015 |
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C
A
S
I |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
|
$35.54
|
+2.28
6.86% |
$35.91
|
1,876,432
370.10% of 50 DAV
50 DAV is 507,000
|
$35.91
-1.03%
|
12/1/2015
|
$35.15
|
PP = $33.97
|
|
MB = $35.67
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Most Recent Note - 12/1/2015 7:53:31 PM
Y - Finished strong after highlighted in yellow with new pivot point based on its 10/21/15 high plus 10 cents in the earlier mid-day report (read here). Powered to a new 52-week high with +249% above average volume triggering a technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume Heavy Behind Breakout Gain - 12/1/2015 |
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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 |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$77.06
|
-0.41
-0.53% |
$78.33
|
205,398
90.88% of 50 DAV
50 DAV is 226,000
|
$78.18
-1.43%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
|
Most Recent Note - 12/1/2015 7:55:50 PM
G - Volume totals have cooled while stubbornly holding its ground near its all-time high, a sign that very few investors have been heading to the exit. 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
|
$17.25
|
+0.04
0.23% |
$17.25
|
8,879
59.19% of 50 DAV
50 DAV is 15,000
|
$17.95
-3.90%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
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Most Recent Note - 11/30/2015 5:38:14 PM
Y - Perched within close striking distance of its 52-week high. Found support above its 50 DMA line. Still has not produced the necessary gains above its pivot point backed by at least +40% above average volume needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Support This Week Above 50-Day Moving Average - 11/20/2015 |
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C
A
S
I |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$46.60
|
-1.79
-3.70% |
$48.86
|
368,345
87.49% of 50 DAV
50 DAV is 421,000
|
$55.45
-15.96%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 12/1/2015 1:05:25 PM
Y - Pulling back today. Near term support to watch is its 50 DMA line ($42.07). See the latest FSU analysis for more details and an annotated graph showing a valid secondary buy point.
>>> FEATURED STOCK ARTICLE : After Successful Test of 10-Week Average a Valid Secondary Buy Point Exists - 11/27/2015 |
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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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