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AFTER MARKET UPDATE - TUESDAY, DECEMBER 20TH, 2016
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DOW |
+91.56 |
19,974.62 |
+0.46% |
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Volume |
968,768,440 |
+2% |
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Volume |
1,530,059,700 |
+1% |
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NASDAQ |
+26.50 |
5,483.94 |
+0.49% |
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Advancers |
1,923 |
65% |
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Advancers |
1,965 |
66% |
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S&P 500 |
+8.23 |
2,270.76 |
+0.36% |
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Decliners |
1,034 |
35% |
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Decliners |
1,006 |
34% |
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Russell 2000 |
+12.27 |
1,383.96 |
+0.89% |
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52 Wk Highs |
192 |
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52 Wk Highs |
250 |
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S&P 600 |
+8.83 |
854.67 |
+1.04% |
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52 Wk Lows |
21 |
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52 Wk Lows |
43 |
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Leadership Improved as Indices Rallied With More Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 91 points to 19974. The S&P 500 added 8 points to 2270 and the Nasdaq Composite gained 26 points to 5483. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly a 2-1 margin on the NYSE and 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, nearly doubling the 45 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 Nasdaq Composite Index managed a new record high close.
While remaining near record high territory 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 on the session Tuesday as Financials climbed and the Dow Jones industrial average closed in on the psychologically important 20,000 point level. The blue-chips index ended within 50 points from reaching the milestone mark. Overseas, international shares finished mostly higher after the Bank of Japan left interest rates unchanged at the conclusion of its December policy meeting.
Eight of 11 sectors in the S&P 500 ended in positive territory. Financials paced the gains with Charles Schwab (SCHW 3.61%) rallying. Technology shares outperformed with Advanced Micro Devices (AMD +5.11%) rising after being the subject of positive analyst commentary. In the consumer space, CarMax (KMX +6.09%) rose as the company’s quarterly profit beat Wall Street expectations. Shares of Nike (NKE +1.85%) rose ahead of its scheduled release after the closing bell. General Mills (GIS -2.55%) was a notable decliner after reporting weaker-than-expected quarterly revenue.
Treasuries declined with the benchmark 10-year note down 6/32 to yield 2.56%. In commodities, NYMEX WTI crude added 0.2% to $52.23/barrel. COMEX gold lost 0.8% to $1131.50/ounce. In FOREX, the Dollar Index gained 0.1%, with particular strength against the yen. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.96%) and Bank Index ($BKX +1.45%) and the Broker/Dealer Index ($XBD +1.56%) ended higher on Tuesday. The tech sector also had a positive bias as the Biotechnology Index ($BTK +1.10%), Semiconductor Index ($SOX +0.91%) and Networking Index ($NWX +0.38%) rose. The Gold & Silver Index ($XAU +0.39%) edged higher along with the Oil Services Index ($OSX +0.43%), meanwhile, the Integrated Oil Index ($XOI -0.10%) ended slightly lower. Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +0.96%)remains perched near record highs.
| Oil Services |
$OSX |
187.10 |
+0.80 |
+0.43% |
+18.62% |
| Integrated Oil |
$XOI |
1,277.64 |
-1.25 |
-0.10% |
+19.10% |
| Semiconductor |
$SOX |
917.99 |
+8.31 |
+0.91% |
+38.36% |
| Networking |
$NWX |
453.46 |
+1.71 |
+0.38% |
+20.62% |
| Broker/Dealer |
$XBD |
212.15 |
+3.26 |
+1.56% |
+19.13% |
| Retail |
$RLX |
1,390.66 |
+13.24 |
+0.96% |
+8.35% |
| Gold & Silver |
$XAU |
73.81 |
+0.28 |
+0.38% |
+62.94% |
| Bank |
$BKX |
93.30 |
+1.33 |
+1.45% |
+27.67% |
| Biotech |
$BTK |
3,193.74 |
+34.76 |
+1.10% |
-16.26% |
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Holding Ground After Rally More Than 5% Beyond Prior Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Arista Networks Inc (ANET +$0.06 or +0.06% to $98.00) rallied further above its "max buy" level. Prior highs in the $88 area define initial support to watch on pullbacks. It was last shown in this FSU section on 11/21/16 with an annotated graph under the headline, "Heavy Volume Behind Breakout Gain", as it finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors know that risk increases when chasing a stock more than +5% above its pivot point.
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria) through the Sep '16 quarter. Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 437 in Sep '16, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 34.4 million shares (S criteria) in the public float may contribute to greater 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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$25.44
|
+0.46
1.84% |
$25.50
|
203,652
75.15% of 50 DAV
50 DAV is 271,000
|
$25.74
-1.17%
|
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 - 12/20/2016 7:57:16 PM
G - Perched near all-time highs, very extended from any sound base. Its 50 DMA line ($21.08) defines near-term support above prior highs in the $19 area.
>>> 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
|
$20.00
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+0.15
0.76% |
$20.15
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61,723
65.66% of 50 DAV
50 DAV is 94,000
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$23.00
-13.04%
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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 - 12/19/2016 5:49:11 PM
G - Managed a "positive reversal" today for a gain with near average volume, finishing well above its "max buy" level. Prior highs in the $18 area define initial support to watch. Reported very strong Sep '16 quarterly sales revenues and earnings increases.
>>> 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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$50.60
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-0.75
-1.46% |
$51.68
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1,263,952
82.02% of 50 DAV
50 DAV is 1,541,000
|
$51.66
-2.04%
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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 - 12/19/2016 5:52:11 PM
G - Stubbornly holding its ground after 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 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$71.55
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+2.90
4.22% |
$71.60
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517,086
110.73% of 50 DAV
50 DAV is 467,000
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$71.97
-0.58%
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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 - 12/20/2016 8:10:51 PM
G - Gapped up today and rallied for a best-ever close, getting very extended from its prior base. Prior highs and its 50 DMA line define important support in the $60 area.
>>> FEATURED STOCK ARTICLE : Hit Another New High Today With Volume-Driven Gain - 12/5/2016 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$46.10
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-1.10
-2.33% |
$47.39
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170,943
97.68% of 50 DAV
50 DAV is 175,000
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$54.23
-14.99%
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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 - 12/20/2016 8:09:12 PM
G - With near average volume it slumped below its 50 DMA line ($47.11) and below prior highs defining important support, raising greater concerns and triggering technical sell signals. 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 : Mostly Bullish Action Continues to Bode Well for China Lodging - 12/9/2016 |
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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 |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$112.95
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+3.40
3.10% |
$113.05
|
187,056
76.66% of 50 DAV
50 DAV is 244,000
|
$110.75
1.99%
|
11/29/2016
|
$106.29
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PP = $101.00
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MB = $106.05
|
Most Recent Note - 12/20/2016 7:59:02 PM
G - Spiked to new highs with today's gain on lighter than average volume lifting it well beyond 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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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$23.73
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+0.59
2.55% |
$23.92
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181,158
120.77% of 50 DAV
50 DAV is 150,000
|
$24.99
-5.04%
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10/27/2016
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$21.03
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PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 12/16/2016 5:19:28 PM
Y - Color code is changed to yellow after sinking below its "max buy" level with today's loss on average volume. Recent lows in the $22 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$23.35
|
+0.15
0.65% |
$24.10
|
866,617
290.81% of 50 DAV
50 DAV is 298,000
|
$23.40
-0.21%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 12/20/2016 8:06:24 PM
G - Posted another gain today but ended near the session low after churning heavy volume for a 4th consecutive session. Rallied above its "max buy" level and its color code was changed to green. Finished strong with +350% above average volume behind its considerable gain after highlighted in yellow with pivot point cited based on its 10/05/16 high plus 10 cents in the 12/19/16 mid-day report (read here). A breakaway gap cleared an 11-week "V shaped pattern during which it found prompt support near its 200 DMA line. Quarterly and annual earnings history is a good match with the C and A criteria. Increasing ownership by top-rated funds is a reassuring sign concerning the I criteria, and it has a small supply (S criteria) of only 28.2 million shares outstanding. See the latest FSU analysis for additional; details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Technically Clears 11-Week V Shaped Base - 12/19/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$76.75
|
+2.35
3.16% |
$76.75
|
99,026
88.42% of 50 DAV
50 DAV is 112,000
|
$75.53
1.61%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/20/2016 8:00:23 PM
G - Rallied for a best-ever close and finished at the session high today. 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
|
$98.00
|
+0.06
0.06% |
$98.77
|
554,553
73.65% of 50 DAV
50 DAV is 753,000
|
$98.90
-0.91%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/20/2016 8:03:26 PM
G - Holding its ground above its "max buy" level. Prior highs in the $88 area define initial support to watch on pullbacks.See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally More Than 5% Beyond Prior Highs - 12/20/2016 |
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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
|
$74.00
|
+0.78
1.07% |
$75.22
|
135,306
95.96% of 50 DAV
50 DAV is 141,000
|
$75.84
-2.43%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 12/16/2016 5:21:10 PM
G - Churned heavy volume today while pulling back from all-time highs. Very extended from its prior base. Its 50 DMA line ($62) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Financial Firm Remains Extended Well Above Prior Highs - 12/14/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$30.55
|
+0.45
1.50% |
$30.55
|
283,828
41.56% of 50 DAV
50 DAV is 683,000
|
$32.75
-6.72%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
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MB = $30.14
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Most Recent Note - 12/19/2016 5:54:34 PM
Y - Color code was changed to yellow after slumping below its "max buy" level. Prior highs in the $28 area define important support to watch coinciding with its 50 DMA line.
>>> 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 |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$40.20
|
+0.25
0.63% |
$40.35
|
501,889
47.80% of 50 DAV
50 DAV is 1,050,000
|
$45.25
-11.16%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
|
Most Recent Note - 12/19/2016 5:50:48 PM
Y - Color code is changed to yellow after a quiet gain finishing above its 50 DMA line helped its outlook to improve. Little resistance remains due to overhead supply. Volume-driven gains for new highs may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging its High With Big Volume-Driven Gain - 12/8/2016 |
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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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