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AFTER MARKET UPDATE - MONDAY, DECEMBER 5TH, 2016
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DOW |
+45.82 |
19,216.24 |
+0.24% |
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Volume |
915,416,190 |
+4% |
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Volume |
1,619,225,850 |
-4% |
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NASDAQ |
+53.24 |
5,308.89 |
+1.01% |
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Advancers |
2,129 |
72% |
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Advancers |
2,226 |
76% |
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S&P 500 |
+12.76 |
2,204.71 |
+0.58% |
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Decliners |
827 |
28% |
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Decliners |
683 |
23% |
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Russell 2000 |
+23.53 |
1,337.79 |
+1.79% |
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52 Wk Highs |
94 |
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52 Wk Highs |
109 |
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S&P 600 |
+14.70 |
824.05 |
+1.82% |
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52 Wk Lows |
74 |
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52 Wk Lows |
54 |
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Breadth Positive as Major Averages Extend Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 45 points to 19216. The S&P 500 added 12 points to 2204 and the Nasdaq Composite gained 53 points to 5308. Volume totals were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and more than a 3-1 margin on the Nasdaq exchange. There were 89 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 40 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The S&P 500 Index has been consolidating above its August highs. The benchmark index is up +7.82% 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 Dow climbed to an all-time high on Monday as investors digested Italy’s referendum decision and commentary from Federal Reserve officials. Overseas, Italian voters rejected constitutional reform, leading to the resignation of Prime Minister Matteo Renzi. On the domestic front, New York Fed President William Dudley stated he favors gradual rate hikes if the U.S. economy stays on its current trajectory. In economic news, U.S. services companies expanded last month at their fastest pace since October 2015.
Nine of 11 sectors in the S&P 500 finished in positive territory. Consumer Discretionary shares outperformed with Michael Kors (KORS +4.91%) gaining. Nike (NKE +2.75%) rose after being the subject of positive analyst commentary. In Financials, Fannie Mae (FNMA -5.19%) fell amid reports that Treasury Secretary nominee Steve Mnuchin hasn’t made any concrete promises after previously stating that GSEs cannot be government owned. Energy Transfer Partners (ETP -1.72%) fell with news the U.S. Army Corp of Engineers turned down permit for North Dakota Pipeline to cross Lake Oahe.
Treasuries declined with the benchmark 10-year note down 3/32 to yield 2.39%. In commodities, NYMEX WTI crude lost 1.3% to $51.03/barrel. COMEX gold slipped 0.1% to $1174.00/ounce. In FOREX, the Dollar Index fell 0.6%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech, Retail and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-linked groups added to their recent gains as the Oil Services Index ($OSX +1.95%) and the Integrated Oil Index ($XOI +0.80%) both rose. The Broker/Dealer Index ($XBD +1.04) and the Bank Index ($BKX +1.20%) posted gains, boosting the major averages along with the Retail Index ($RLX +1.03%). The tech sector had a positive bias as the Semiconductor Index ($SOX +1.23%), Networking Index ($NWX +1.22%) and the Biotechnology Index ($BTK +0.87%) rose. The Gold & Silver Index ($XAU +0.59%) was a laggard while posting a small gain. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX +1.23%) found support at its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
183.51 |
+3.51 |
+1.95% |
+16.34% |
| Integrated Oil |
$XOI |
1,239.15 |
+9.82 |
+0.80% |
+15.52% |
| Semiconductor |
$SOX |
858.13 |
+10.43 |
+1.23% |
+29.34% |
| Networking |
$NWX |
434.38 |
+5.24 |
+1.22% |
+15.55% |
| Broker/Dealer |
$XBD |
206.26 |
+2.13 |
+1.04% |
+15.82% |
| Retail |
$RLX |
1,366.10 |
+13.95 |
+1.03% |
+6.44% |
| Gold & Silver |
$XAU |
82.79 |
+0.49 |
+0.60% |
+82.76% |
| Bank |
$BKX |
89.29 |
+1.06 |
+1.20% |
+22.18% |
| Biotech |
$BTK |
3,176.80 |
+27.24 |
+0.87% |
-16.71% |
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Hit Another New High Today With Volume-Driven Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Evercore Partners Inc (EVR +$1.90 or +2.77% to $70.50) powered further into new all-time high territory with today's gain backed by +57% above average volume. It has rallied +11.37% since featured in the 11/06/16 mid-day report and it is very extended from its prior base. Disciplined investors avoid chasing extended stocks. It was last shown in this FSU section on 11/14/16 with an annotated graph under the headline, "Big Volume Driven Gain Extends Winning Streak", after highlighted in yellow with pivot point based on its 11/06/15 high plus 10 cents in the earlier mid-day report (read here).
The high-ranked Finance - Investment Banks/Brokers firm provides advisory services to multinational corporations on mergers, acquistions, divestitures and restructurings. EVR reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong and steady.
The number of top-rated funds owning its shares fell from 406 in Dec '15 to 391 in Sep '16, a less than reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 3.8 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness rating but a C sponsorship Rating. Its small supply of only 38.9 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.
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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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$24.23
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+0.31
1.30% |
$24.30
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360,284
151.38% of 50 DAV
50 DAV is 238,000
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$24.25
-0.08%
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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 - 12/2/2016 5:28:44 PM
G - Hit another new all-time high today, getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $19 area. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains on Volume - 12/2/2016 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$20.50
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+0.75
3.80% |
$20.60
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101,414
115.24% of 50 DAV
50 DAV is 88,000
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$20.65
-0.73%
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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 - 12/5/2016 5:16:44 PM
G - Rallied for a best-ever close today, getting more 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 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$48.48
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-0.23
-0.47% |
$49.06
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1,283,768
78.28% of 50 DAV
50 DAV is 1,640,000
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$50.88
-4.72%
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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 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$70.50
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+1.90
2.77% |
$70.65
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688,512
157.55% of 50 DAV
50 DAV is 437,000
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$70.45
0.07%
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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 - 12/5/2016 5:21:37 PM
G - Powered further into new all-time high territory with today's gain backed by +57% above average volume. It is very extended from its prior base. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hit Another New High Today With Volume-Driven Gain - 12/5/2016 |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$226.16
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+5.57
2.53% |
$226.88
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847,528
71.89% of 50 DAV
50 DAV is 1,179,000
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$272.58
-17.03%
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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 - 12/5/2016 5:23:21 PM
G - Halted its slide with recent gains lacking great volume conviction. The longer it lingers below its downward sloping 50 DMA line the worse its outlook gets. A rebound above the 50 DMA line ($245) 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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$53.70
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+1.70
3.27% |
$53.79
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201,704
133.58% of 50 DAV
50 DAV is 151,000
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$52.84
1.63%
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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
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Most Recent Note - 12/5/2016 5:15:50 PM
G - Hit 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
|
$106.70
|
+3.05
2.94% |
$107.10
|
160,287
65.96% of 50 DAV
50 DAV is 243,000
|
$107.60
-0.83%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 12/5/2016 5:20:56 PM
Y - Posted a gain with below average volume today for a best-ever close. Its volume-driven gain on 11/29/16 helped clinch a technical buy signal. Prior highs in the $101-103 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$23.22
|
+0.80
3.57% |
$23.29
|
126,116
83.52% of 50 DAV
50 DAV is 151,000
|
$24.99
-7.08%
|
10/27/2016
|
$21.03
|
PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 12/5/2016 5:18:07 PM
Y - Posted a gain today with below average volume and it remains below its "max buy" level. Prior highs in the $22 area acted as support along with its 50 DMA line 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
|
$70.75
|
+1.40
2.02% |
$71.60
|
126,410
109.92% of 50 DAV
50 DAV is 115,000
|
$72.93
-2.99%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/5/2016 5:24:46 PM
Y - Posted a gain with higher 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.
>>> 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
|
$92.75
|
-0.42
-0.45% |
$93.67
|
764,426
113.25% of 50 DAV
50 DAV is 675,000
|
$96.84
-4.22%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
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
|
$74.57
|
+0.74
1.00% |
$75.74
|
142,389
140.98% of 50 DAV
50 DAV is 101,000
|
$75.84
-1.67%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 12/2/2016 12:32:12 PM
G - Perched at all-time highs after volume-driven gains. Very extended from its prior base. Its 50 DMA line ($57.91) 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
|
$31.45
|
+0.80
2.61% |
$31.60
|
566,715
72.56% of 50 DAV
50 DAV is 781,000
|
$32.68
-3.75%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
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MB = $30.14
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Most Recent Note - 12/5/2016 5:24:06 PM
G - Posted another gain today with below average volume. 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 |
|
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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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