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AFTER MARKET UPDATE - THURSDAY, DECEMBER 1ST, 2016
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DOW |
+68.35 |
19,191.93 |
+0.36% |
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Volume |
1,130,212,360 |
-29% |
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Volume |
2,033,256,450 |
+12% |
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NASDAQ |
-72.57 |
5,251.11 |
-1.36% |
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Advancers |
1,116 |
37% |
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Advancers |
1,092 |
37% |
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S&P 500 |
-7.73 |
2,191.08 |
-0.35% |
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Decliners |
1,863 |
63% |
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Decliners |
1,845 |
63% |
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Russell 2000 |
-8.54 |
1,313.80 |
-0.65% |
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52 Wk Highs |
235 |
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52 Wk Highs |
193 |
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S&P 600 |
-3.43 |
808.59 |
-0.42% |
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52 Wk Lows |
115 |
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52 Wk Lows |
72 |
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Major Averages Ended Mixed as Tech Weakness Weighed on Nasdaq
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mostly lower on Thursday. The Dow was up 68 points to 19191. The S&P 500 lost 7 points to 2191 and the Nasdaq Composite fell 72 points to 5251. Volume totals on Thursday were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 3-2 margin on the Nasdaq exchange and on the NYSE. There were 73 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 74 on the prior session. New 52-week highs still solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average rose for a best-ever close. The Blue Chip Index is up +10.3% year-to-date.
The major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages fluctuated in a choppy trading session as Technology stocks declined and investors digested updates on the economy. On the data front, Markit’s survey of U.S. manufacturing expanded to 54.1 in November. In a separate release, ISM’s manufacturing index yielded a 53.2 reading last month. Finally, initial jobless claims came in at 268,000, above the expected 253,000. In M&A news, Clarcor (CLC +17.22%) was up after agreeing to a $4.3 billion takeover bid from Parker-Hannifin Corp (PH +3.27%).
Six of 11 sectors in the S&P 500 finished in negative territory. Technology stocks retreated with Qualcomm (QCOM -5.83%) and Intel (INTC -2.71%) both sinking. In the consumer space, Dollar General (DG -4.97%) fell amid lower-than-expected earnings on slower consumer traffic. Shares of Express, Inc. (EXPR -20.36%) fell as the retailer lowered its forward revenue guidance. Energy stocks advanced as oil prices built on sharp gains from the previous session, lifting Chevron (CVX +1.55%) and Schlumberger (SLB +0.67%). In Financials, Bank of America (BAC +1.80%).
Treasuries declined with the benchmark 10-year note down 16/32 to yield 2.44%. In commodities, NYMEX WTI crude gained 2.7% to $50.79/barrel. In FOREX, the Dollar Index fell 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial and Energy-Linked Groups Rose; Tech Sector Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-linked groups gained more ground as the Oil Services Index ($OSX +1.95%) and the Integrated Oil Index ($XOI +0.69%) were higher on Thursday. The Broker/Dealer Index ($XBD +1.52%) and the Bank Index ($BKX +2.17%) both posted solid gains, but the Retail Index ($RLX -0.38%) edged lower. The Gold & Silver Index ($XAU -0.71%) fell. The tech sector slumped as the Semiconductor Index ($SOX -4.85%) outpaced the Networking Index ($NWX -1.49%) and the Biotechnology Index ($BTK -1.99%) to the downside. Charts courtesy www.stockcharts.com
 PICTURED: The Integrated Oil Index ($XOI +0.69%) has rallied to new 2016 highs.
| Oil Services |
$OSX |
179.67 |
+3.43 |
+1.95% |
+13.91% |
| Integrated Oil |
$XOI |
1,228.27 |
+8.47 |
+0.69% |
+14.50% |
| Semiconductor |
$SOX |
836.79 |
-42.68 |
-4.85% |
+26.12% |
| Networking |
$NWX |
425.33 |
-6.44 |
-1.49% |
+13.14% |
| Broker/Dealer |
$XBD |
206.43 |
+3.08 |
+1.52% |
+15.91% |
| Retail |
$RLX |
1,351.19 |
-5.17 |
-0.38% |
+5.28% |
| Gold & Silver |
$XAU |
79.31 |
-0.57 |
-0.71% |
+75.08% |
| Bank |
$BKX |
89.17 |
+1.90 |
+2.18% |
+22.02% |
| Biotech |
$BTK |
3,134.81 |
-63.62 |
-1.99% |
-17.81% |
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Pulling Back After "Breakaway Gap" With Heavy Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Berry Plastics Group Inc (BERY -$1.47 or -2.95% to $48.30) pulled back with above average volume for a 2nd consecutive session. Prior highs in the $46 area define important near-term support to watch. The high-ranked Containers/Packaging firm was highlighted in yellow with pivot point cited based on its 10/25/16 high plus 10 cents in the 11/30/16 mid-day report (read here). There was a "breakaway gap" on 11/29/16 powering to new 52-week highs with considerable volume-driven gains. A breakaway gap is one noted exception to the rule that investors should not chase a stock more than +5% above prior highs, however, risk increases the further above the pivot point one buys any stock.
Its annual earnings (A criteria) history has been strong. Big sales revenues and earnings increases above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Sep '16 help make it a match with the fact-based investment system's fundamental guidelines.
The number of top-rated funds owning its shares rose from 473 in Dec '15 to 563 in Sep '16, 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. It has a Timeliness Rating of A but a Sponsorship rating of D.
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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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$23.39
|
+0.97
4.33% |
$23.43
|
257,266
112.34% of 50 DAV
50 DAV is 229,000
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$22.74
2.86%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 12/1/2016 5:58:06 PM
G - Powered into new all-time high territory today, getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $19 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 |
View all notes |
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News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$19.45
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-0.20
-1.02% |
$19.70
|
101,267
117.75% of 50 DAV
50 DAV is 86,000
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$20.65
-5.81%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 11/30/2016 5:32:55 PM
G - Churned above average volume with small losses for the past 2 sessions, encountering some distributional pressure after getting extended from its prior base. Prior highs in the $18 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
View all notes |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$48.30
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-1.47
-2.95% |
$49.97
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2,850,375
175.19% of 50 DAV
50 DAV is 1,627,000
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$50.88
-5.07%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 12/1/2016 5:55:37 PM
Y - Pulled back with above average volume for a 2nd consecutive session. There was a "breakaway gap" on 11/29/16, powering to new 52-week highs with considerable volume-driven gains. A breakaway gap is one noted exception to the rule that investors should not chase a stock more than +5% above prior highs, however, risk increases the further above the pivot point one buys any stock. Strong sales revenues and earnings increases in quarterly comparisons through Sep '16 match the fact-based investment system's fundamental guidelines. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulling Back After "Breakaway Gap" With Heavy Volume - 12/1/2016 |
View all notes |
Set NEW NOTE alert |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$70.25
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+2.85
4.23% |
$70.45
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832,546
194.07% of 50 DAV
50 DAV is 429,000
|
$68.00
3.31%
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11/14/2016
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$63.30
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PP = $60.73
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MB = $63.77
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Most Recent Note - 12/1/2016 6:00:39 PM
G - Powered further into new all-time high territory with today's gain backed by +94% above average volume. It is very extended from its prior base. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$217.82
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-6.28
-2.80% |
$225.84
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1,212,232
101.87% of 50 DAV
50 DAV is 1,190,000
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$272.58
-20.09%
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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 - 12/1/2016 6:02:45 PM
G - Sank near prior lows with today's 3rd consecutive loss. The longer it lingers below its downward sloping 50 DMA line the worse its outlook gets. A rebound above the 50 DMA line ($246.77) is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$52.29
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-0.09
-0.17% |
$52.84
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289,860
194.54% of 50 DAV
50 DAV is 149,000
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$52.76
-0.89%
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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
|
Most Recent Note - 11/29/2016 12:26:42 PM
G - Hitting another new 52-week high today. Cleared its previously cited pivot point with +339% above average volume behind its gain on 11/28/16 triggering a technical buy signal. However, it was repeatedly noted with caution during its recent consolidation - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
>>> FEATURED STOCK ARTICLE : Perched Near Highs After Finding Support Above 50-Day Average - 11/18/2016 |
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C
A
S
I |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$105.30
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+0.20
0.19% |
$106.95
|
262,284
107.49% of 50 DAV
50 DAV is 244,000
|
$107.60
-2.13%
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11/29/2016
|
$106.29
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PP = $101.00
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MB = $106.05
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Most Recent Note - 11/29/2016 5:19:20 PM
Y - Finished strong after highlighted in yellow with pivot point cited based on its 9/28/16 high. Hit new all-time highs with today's gain backed by +87% above average volume. Recent gains clearing a "double bottom" base lacked volume above the +40% above average minimum guideline. Rebounded from support at its 200 DMA line in recent weeks. Reported Sep '16 quarterly earnings +70% on +19% sales revenues, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) Strong annual earnings (A criteria) history matches the fact-based investment system's fundamental guidelines.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
View all notes |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$22.32
|
-0.35
-1.54% |
$22.89
|
206,045
133.80% of 50 DAV
50 DAV is 154,000
|
$24.99
-10.68%
|
10/27/2016
|
$21.03
|
PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 11/30/2016 5:31:27 PM
Y - Slumped further below its "max buy" level with today's 4th consecutive loss on below average volume. Prior highs in the $22 area define initial support following its technical breakout.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$69.80
|
-1.55
-2.17% |
$71.80
|
138,402
118.29% of 50 DAV
50 DAV is 117,000
|
$72.85
-4.19%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
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MB = $73.11
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Most Recent Note - 11/30/2016 5:29:47 PM
Y - Pulled back on lighter volume today. Finished strong after highlighted in yellow with new pivot point cited based on its 7/28/16 high plus 10 cents in 11/29/16 mid-day report (read here). Stubbornly held its ground as it rebounded impressively. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Backed Breakout Triggered New Technical Buy Signal - 11/29/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$93.30
|
-1.51
-1.59% |
$96.25
|
773,649
116.34% of 50 DAV
50 DAV is 665,000
|
$96.84
-3.66%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
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MB = $93.09
|
Most Recent Note - 12/1/2016 6:04:23 PM
G - Pulled back for a 3rd consecutive session, retreating from all-time highs but still finishing above its "max buy" level. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point. Prior highs in the $88 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
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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 |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$74.77
|
+1.15
1.56% |
$75.84
|
256,481
272.85% of 50 DAV
50 DAV is 94,000
|
$74.26
0.69%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
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MB = $55.46
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Most Recent Note - 11/30/2016 12:49:23 PM
G - Hitting another new all-time high with above average volume behind today's gain. Very extended from its prior base. Its 50 DMA line ($57) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base Following Post-Election Gains - 11/22/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$29.45
|
-0.60
-2.00% |
$30.18
|
899,075
114.39% of 50 DAV
50 DAV is 786,000
|
$32.68
-9.87%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 11/30/2016 5:27:51 PM
G - Pulled back today with higher (near average) volume and ended near its "max buy" level. Recent gains above the pivot point did not have at least +40% above average volume to trigger a proper technical buy signal. Prior highs near $28 define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Pulling Back After Getting Extended More Than +5% Above Prior Highs - 11/28/2016 |
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C
A
S
I |
|
|
|
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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only to active Paid Premium Members.
You may opt-out of receiving report notifications
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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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