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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 7TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+297.84 |
19,549.62 |
+1.55% |
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Volume |
1,023,468,710 |
+19% |
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Volume |
1,932,212,700 |
+8% |
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NASDAQ |
+60.76 |
5,393.76 |
+1.14% |
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Advancers |
2,293 |
77% |
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Advancers |
1,876 |
64% |
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S&P 500 |
+29.12 |
2,241.35 |
+1.32% |
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Decliners |
683 |
23% |
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Decliners |
1,032 |
35% |
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Russell 2000 |
+11.84 |
1,364.51 |
+0.88% |
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52 Wk Highs |
419 |
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52 Wk Highs |
397 |
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S&P 600 |
+8.83 |
841.51 |
+1.06% |
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52 Wk Lows |
11 |
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52 Wk Lows |
34 |
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Records Continue as Major Averages Rally for Big Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rallied higher on Wednesday. The Dow was up 297 points to 19549. The S&P 500 added 29 points to 2241 and the Nasdaq Composite gained 60 points to 5393. Volume totals were higher than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 135 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 116 on the prior session. New 52-week highs expanded and solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 500 Index rallied for a new record high. The benchmark index is up +9.63% 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 and S&P 500 climbed to record highs on Wednesday as investors positioned ahead of a monetary policy decision from the European Central Bank on Thursday. Overseas, international shares rallied amid optimism the ECB will extend its stimulus program past March. On the domestic front, a JOLTS update revealed job openings decreased to 5.5 million in October. In a separate release, MBA mortgage applications fell 0.7% last week.
Ten of 11 sectors in the S&P 500 finished in positive territory with Telecom stocks climbing 2% higher. Shares of Sprint (S +8.94%) rallied after SoftBank Corp (SFTBY +6.10%) founder Masayoshi Son pledged a $50 billion investment in the U.S. In the consumer space, Starbucks (SBUX +2.30%) after the company announced plans to open 12,000 additional stores globally. Dave & Buster’s (PLAY +18.75%) rallied as the arcade chain’s quarterly profit beat Street expectations. Health Care shares declined with Pfizer (PFE -1.17%) down after the drugmaker was fined $107 million by British officials due to a drug price increase of 2600%.
Treasuries advanced with the benchmark 10-year note up 12/32 to yield 2.34%. In commodities, NYMEX WTI crude lost 2.3% to $49.77/barrel. COMEX gold added 0.6% to $1175.00/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Semiconductor and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.80%), Bank Index ($BKX +1.53%), and Broker/Dealer Index ($XBD +0.99%) posted unanimous gains, further boosting the major averages. The tech sector had a positive bias as the Semiconductor Index ($SOX +2.12%) and Networking Index ($NWX +1.49%) both rose, but the Biotechnology Index ($BTK -3.01%) encountered pressure. The Integrated Oil Index ($XOI +1.12%) rose but the Oil Services Index ($OSX +0.06%) was unchanged. The Gold & Silver Index ($XAU +0.51%) eked out a small gain. Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX +1.80%) rallied for a new record high.
| Oil Services |
$OSX |
183.45 |
+0.10 |
+0.05% |
+16.31% |
| Integrated Oil |
$XOI |
1,253.25 |
+13.92 |
+1.12% |
+16.83% |
| Semiconductor |
$SOX |
888.45 |
+18.45 |
+2.12% |
+33.91% |
| Networking |
$NWX |
443.73 |
+6.53 |
+1.49% |
+18.03% |
| Broker/Dealer |
$XBD |
209.72 |
+2.07 |
+0.99% |
+17.76% |
| Retail |
$RLX |
1,396.75 |
+24.66 |
+1.80% |
+8.83% |
| Gold & Silver |
$XAU |
82.57 |
+0.42 |
+0.51% |
+82.27% |
| Bank |
$BKX |
91.79 |
+1.38 |
+1.53% |
+25.60% |
| Biotech |
$BTK |
3,112.20 |
-96.51 |
-3.01% |
-18.40% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Fact-Based Investment System You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed click here and indicate "Find a Broker". Account minimum $250,000. |
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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
|
$24.79
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+0.16
0.65% |
$24.88
|
485,593
199.01% of 50 DAV
50 DAV is 244,000
|
$24.85
-0.24%
|
10/10/2016
|
$18.20
|
PP = $18.37
|
|
MB = $19.29
|
Most Recent Note - 12/7/2016 12:10:07 PM
G - Powering to new all-time highs with a streak of volume-driven gains, 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 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$21.15
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+0.80
3.93% |
$21.30
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56,864
63.89% of 50 DAV
50 DAV is 89,000
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$20.70
2.17%
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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 - 12/7/2016 4:29:03 PM
G - Hit another new high with today's big gain backed by light volume, 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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$49.81
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+0.25
0.50% |
$49.90
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1,457,404
88.70% of 50 DAV
50 DAV is 1,643,000
|
$50.88
-2.10%
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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 - 12/6/2016 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 |
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News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$70.70
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-0.40
-0.56% |
$71.00
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439,881
98.19% of 50 DAV
50 DAV is 448,000
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$71.25
-0.77%
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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 |
Chart |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$223.16
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+0.51
0.23% |
$224.88
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1,130,343
96.20% of 50 DAV
50 DAV is 1,175,000
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$272.58
-18.13%
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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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News |
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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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$51.73
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-0.18
-0.35% |
$52.23
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190,357
124.42% of 50 DAV
50 DAV is 153,000
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$53.88
-3.98%
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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 - 12/6/2016 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
|
$108.85
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+1.85
1.73% |
$109.75
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247,246
101.33% of 50 DAV
50 DAV is 244,000
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$107.70
1.07%
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11/29/2016
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$106.29
|
PP = $101.00
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MB = $106.05
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Most Recent Note - 12/7/2016 4:32:59 PM
G - Color code is changed to green after a gain with average volume today for a close above its "max buy" level. 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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News |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$23.24
|
+0.05
0.22% |
$23.35
|
80,693
54.16% of 50 DAV
50 DAV is 149,000
|
$24.99
-7.00%
|
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
|
$73.55
|
+1.40
1.94% |
$74.00
|
131,396
113.27% of 50 DAV
50 DAV is 116,000
|
$72.93
0.85%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/7/2016 4:31:25 PM
G - Hit another new high while it rose above its "max buy" level with today's gain on near average volume and its color code is changed to green. 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
|
$97.87
|
+4.01
4.27% |
$98.22
|
1,274,724
188.57% of 50 DAV
50 DAV is 676,000
|
$96.84
1.06%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/7/2016 4:28:02 PM
G - Hit new all-time highs with today's volume-driven gain, rallying well 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
|
$73.43
|
-0.18
-0.24% |
$73.95
|
209,440
205.33% of 50 DAV
50 DAV is 102,000
|
$75.84
-3.18%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 12/7/2016 4:34:24 PM
G - Churning above average volume while perched at all-time highs. Very extended from its prior base. Its 50 DMA line ($59.25) 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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News |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$31.85
|
+0.35
1.11% |
$32.75
|
1,348,842
174.49% of 50 DAV
50 DAV is 773,000
|
$32.68
-2.52%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 12/7/2016 4:35:51 PM
G - Posted a gain today with above average volume but it encountered distributional pressure. 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.
This report is a service available
only to active Paid Premium Members.
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