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AFTER MARKET UPDATE - TUESDAY, DECEMBER 6TH, 2016
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DOW |
+35.54 |
19,251.78 |
+0.18% |
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Volume |
859,506,880 |
-6% |
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Volume |
1,787,607,820 |
+10% |
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NASDAQ |
+24.11 |
5,333.00 |
+0.45% |
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Advancers |
2,098 |
71% |
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Advancers |
1,902 |
66% |
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S&P 500 |
+7.52 |
2,212.23 |
+0.34% |
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Decliners |
851 |
29% |
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Decliners |
971 |
34% |
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Russell 2000 |
+14.88 |
1,352.67 |
+1.11% |
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52 Wk Highs |
270 |
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52 Wk Highs |
307 |
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S&P 600 |
+8.63 |
832.68 |
+1.05% |
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52 Wk Lows |
25 |
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52 Wk Lows |
26 |
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Breadth Positive as Major Averages Find More Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 36 points to a record 19251. The S&P 500 rose 8 points to 2212 and the Nasdaq Composite gained 24 points to 5333. Volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 116 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 89 on the prior session. New 52-week highs expanded and solidly outnumbered a shrinking list of new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average made more progress above its August highs. The Blue Chip index is up +10.48% 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 advanced as investors weighed updates on the economy. Before the open, a report showed U.S. productivity rose an annualized 3.1% in the third-quarter - the fastest pace in two years. A separate release revealed the trade deficit widened to $42.6 billion, from a revised $36.2 billion in September. On the manufacturing front, durable goods orders increased 4.6% while factory orders grew 2.7% in October.
Telecom and Financials were the best performing groups today. Verizon (VZ +1.23%) rose after announcing the sale of its data center business for $3.6 billion. Bank of America (BAC +1.47%) and J.P. Morgan (JPM +0.52%) rose as both banks forecasted better-than-expected fourth-quarter trading revenues. Energy and Utilities were down the most on the session. Edison International (EIX -1.28%) and Chevron (CVX -0.43%) fell amid weakness in oil prices. In earnings, AutoZone (AZO +0.44%) edged higher as quarterly result beat projections. Chipotle Mexican Grill (CMG -7.55%) fell after reporting same-store sales dropped more than forecasted.
Treasuries were modestly higher with 10-year note up /32 to yield 2.38%. In commodities, NYMEX WTI crude fell 2.1% to $50.71/barrel. COMEX gold lost 0.5% to $1167.70/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Retail, and Financial Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.67%) and the Bank Index ($BKX +1.25%) both posted gains, boosting the major averages along with the Retail Index ($RLX +0.44%). The tech sector had a positive bias as the Semiconductor Index ($SOX +1.38%), Biotechnology Index ($BTK +1.00%), and Networking Index ($NWX +0.65%) rose. Energy-linked groups paused but held their recent gains as the Oil Services Index ($OSX -0.09%) and the Integrated Oil Index ($XOI +0.01%) both were unchanged. The Gold & Silver Index ($XAU -0.77%) was a laggard while posting a small loss. Charts courtesy www.stockcharts.com
 PICTURED: The Networking Index ($NWX +0.65%) is consolidating near record highs, well above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
183.35 |
-0.16 |
-0.09% |
+16.24% |
| Integrated Oil |
$XOI |
1,239.33 |
+0.18 |
+0.01% |
+15.53% |
| Semiconductor |
$SOX |
870.00 |
+11.87 |
+1.38% |
+31.13% |
| Networking |
$NWX |
437.20 |
+2.81 |
+0.65% |
+16.30% |
| Broker/Dealer |
$XBD |
207.65 |
+1.39 |
+0.67% |
+16.60% |
| Retail |
$RLX |
1,372.09 |
+5.99 |
+0.44% |
+6.90% |
| Gold & Silver |
$XAU |
82.15 |
-0.64 |
-0.77% |
+81.35% |
| Bank |
$BKX |
90.41 |
+1.12 |
+1.25% |
+23.71% |
| Biotech |
$BTK |
3,208.71 |
+31.91 |
+1.00% |
-15.87% |
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Concerns Remain While Lingering Below 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Netease Inc (NTES -3.52 or -1.56% to $222.65) halted its slide but posted recent gains lacking great volume conviction. The longer it lingers below its downward sloping 50-day moving average (DMA) line the worse its outlook gets. A rebound above the 50 DMA line ($245) is needed to help its outlook improve. Further deterioration below recent lows would raise more serious concerns. It was last shown in this FSU section on 11/17/16 with an annotated graph under the headline, "Slump Below 50-Day Moving Average Raised Concerns".
Recently it reported earnings +40% on +32% sales revenues for the Sep '16 quarter. Those earnings results were above the +25% minimum guideline (C criteria), but not as impressive as its reported earnings +89% on +83% sales revenues for the Jun '16 quarter, and ever stronger quarters prior. Annual earnings (A criteria) growth has been strong.
NTES currently has a Timeliness rating of B and a Sponsorship Rating of C. It has traded up as much as +49.4% since highlighted in yellow with pivot point cited based on its 12/29/15 high plus 10 cents in the 6/29/16 mid-day report (read here). The number of top-rated funds owning its shares rose from 467 in Jun '15 to 907 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. |
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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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$24.63
|
+0.40
1.65% |
$24.85
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424,701
174.06% of 50 DAV
50 DAV is 244,000
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$24.30
1.36%
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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
|
Most Recent Note - 12/6/2016 5:34:36 PM
G - Hit yet 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.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains on Volume - 12/2/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$20.35
|
-0.15
-0.73% |
$20.70
|
72,058
80.96% of 50 DAV
50 DAV is 89,000
|
$20.65
-1.45%
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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 |
View all notes |
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News |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$49.56
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+1.08
2.23% |
$49.57
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1,165,787
70.95% of 50 DAV
50 DAV is 1,643,000
|
$50.88
-2.59%
|
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 - 12/6/2016 5:30:45 PM
G - Posted a gain with below above average volume, closing above its "max buy" level and its color code is changed to green. There was a "breakaway gap" on 11/29/16, powering to new 52-week highs with considerable volume-driven gains. Prior highs in the $46 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After "Breakaway Gap" With Heavy Volume - 12/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$71.10
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+0.60
0.85% |
$71.25
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256,708
57.30% of 50 DAV
50 DAV is 448,000
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$70.65
0.64%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$222.65
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-3.52
-1.56% |
$226.60
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853,534
72.64% of 50 DAV
50 DAV is 1,175,000
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$272.58
-18.32%
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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 - 12/6/2016 5:21:56 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Concerns Remain While Lingering Below 50-Day Moving Average - 12/6/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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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
|
$51.91
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-1.79
-3.33% |
$53.88
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364,575
238.28% of 50 DAV
50 DAV is 153,000
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$53.79
-3.50%
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9/29/2016
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$46.12
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PP = $47.82
|
|
MB = $50.21
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Most Recent Note - 12/6/2016 5:27:57 PM
G - There was a "negative reversal" today for a loss with heavy volume after touching another new 52-week high. It is extended from its prior base and was repeatedly noted with caution in prior reports - "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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$107.00
|
+0.30
0.28% |
$107.70
|
139,123
57.02% of 50 DAV
50 DAV is 244,000
|
$107.60
-0.55%
|
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
|
$23.19
|
-0.03
-0.13% |
$23.97
|
66,391
44.56% of 50 DAV
50 DAV is 149,000
|
$24.99
-7.20%
|
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 |
View all notes |
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News |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$72.15
|
+1.40
1.98% |
$72.60
|
76,367
65.83% of 50 DAV
50 DAV is 116,000
|
$72.93
-1.07%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/6/2016 5:33:04 PM
Y - Posted a gain with light volume for a best-ever close 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). Prior highs in the $69 area define initial support to watch on pullbacks.
>>> 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
|
$93.86
|
+1.11
1.20% |
$94.73
|
681,934
100.88% of 50 DAV
50 DAV is 676,000
|
$96.84
-3.08%
|
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
|
$73.61
|
-0.96
-1.29% |
$75.01
|
254,245
249.26% of 50 DAV
50 DAV is 102,000
|
$75.84
-2.94%
|
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
|
$31.50
|
+0.05
0.16% |
$31.60
|
445,558
57.64% of 50 DAV
50 DAV is 773,000
|
$32.68
-3.60%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
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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only to active Paid Premium Members.
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