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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 21ST, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-32.66 |
19,941.96 |
-0.16% |
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Volume |
849,827,700 |
-12% |
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Volume |
1,360,669,360 |
-11% |
|
NASDAQ |
-12.51 |
5,471.43 |
-0.23% |
|
Advancers |
1,390 |
47% |
|
Advancers |
1,110 |
38% |
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S&P 500 |
-5.58 |
2,265.18 |
-0.25% |
|
Decliners |
1,564 |
53% |
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Decliners |
1,830 |
62% |
|
Russell 2000 |
-8.76 |
1,375.19 |
-0.63% |
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52 Wk Highs |
134 |
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52 Wk Highs |
182 |
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S&P 600 |
-5.86 |
848.99 |
-0.69% |
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52 Wk Lows |
20 |
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52 Wk Lows |
51 |
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Major Averages Pulled Back Yet Remain Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Wednesday. The Dow was down 32 points to 19942. The S&P 500 lost 5 points to 2265 and the Nasdaq Composite fell 12 points to 5471. 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, versus 89 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 has been holding its ground near its record high.
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 declined on the session Wednesday as Real Estate shares slid and investors await the Dow Jones industrial average to reach the 20,000 point level for the first time. On Wednesday, the blue-chips index entered the session around 25 points away from hitting the milestone mark. During Tuesday's session, the Dow briefly came within 13 points of reaching the mark. On the data front, existing home sales increased 0.7% in November, to the highest level since February 2007.
Eight of 11 sectors in the S&P 500 finished in negative territory. Real Estate shares declined with Simon Property Group (SPG -2.63%) ending lower. In earnings, FedEx (FDX -3.33%) fell as the company reported weaker-than-expected quarterly profit. Shares of Accenture (ACN -5.00%) fell after the consulting firm cut is fiscal 2017 outlook. In the consumer space, Nike (NKE +0.98%) rose as the apparel retailer’s revenue beat Wall Street expectations. Monster Beverage (MNST +4.2%) rallied after being the subject of positive analyst commentary.
Treasuries advanced along the curve with the benchmark 10-year note up 5/32 to yield 2.54%. In commodities, NYMEX WTI crude lost 1.5% to $52.52/barrel. COMEX gold was slipped 0.1% to $1131.08/ounce. In FOREX, the Dollar Index fell 0.3%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Oil Services Index Rose on Mostly Weaker Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.25%), Bank Index ($BKX -0.37%) and the Broker/Dealer Index ($XBD -0.44%) ended unanimously lower on Wednesday. The tech sector also had a negative bias as the Biotechnology Index ($BTK -1.92%) led the decliners and the Networking Index ($NWX -0.34%) edged lower, yet the Semiconductor Index ($SOX +0.04%) was unchanged. The Gold & Silver Index ($XAU -0.22%) edged lower while the Integrated Oil Index ($XOI -0.10%) ended slightly lower and the Oil Services Index ($OSX +0.68%) eked out a small gain. Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU -0.22%) has been sputtering well below its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
188.37 |
+1.27 |
+0.68% |
+19.43% |
| Integrated Oil |
$XOI |
1,276.30 |
-1.34 |
-0.10% |
+18.98% |
| Semiconductor |
$SOX |
918.33 |
+0.34 |
+0.04% |
+38.41% |
| Networking |
$NWX |
451.92 |
-1.54 |
-0.34% |
+20.21% |
| Broker/Dealer |
$XBD |
211.21 |
-0.94 |
-0.44% |
+18.60% |
| Retail |
$RLX |
1,387.25 |
-3.41 |
-0.25% |
+8.09% |
| Gold & Silver |
$XAU |
73.65 |
-0.16 |
-0.22% |
+62.58% |
| Bank |
$BKX |
92.95 |
-0.35 |
-0.38% |
+27.19% |
| Biotech |
$BTK |
3,132.30 |
-61.44 |
-1.92% |
-17.87% |
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Consolidating After Strong Sep '16 Quarterly Earnings News
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
I E S Holdings Inc (IESC -$0.20 or -1.00% to $19.80) halted its slide with a noted "positive reversal" on 12/19/16 for a gain with near average volume. It is consolidating above its "max buy" level. Prior highs in the $18 area define initial support to watch. The high-ranked Building - Maintenance & Service firm reported very strong Sep '16 quarterly sales revenues and earnings increases. It was last shown in this FSI section on 11/23/16 with an annotated graph under the headline, "Strength Returned for Previously Featured Leader". It was highlighted in yellow as it returned to the Featured Stocks list that day while noted - "Fundamentals remain strong. Recent volume-driven gains helped it rally to new highs and above the new pivot point cited based on its 9/06/16 high plus 10 cents."
IESC showed bullish action after dropped from the Featured Stocks list on 10/27/16. Following damaging volume-driven losses it found support at its 200-day moving average (DMA) line. Members were previously reminded - "Under the fact-based system a stock which was previously sold can be bought back again if strength returns." The usual sell rules apply if a stock is repurchased, and in the Certification the teach investors to make a 10% larger purchase than on the prior entry.
Its strong earnings track record includes 5 consecutive quarterly earnings increase above the +25% minimum earnings guideline (C criteria). In addition to that fact its sales revenues growth rate showed encouraging acceleration, helping it better match the fact-based investment system's guidelines. Annual earnings (A criteria) growth has been strong for the past 3 years.
Today it has a Timeliness rating of B, and its Sponsorship rating is currently a C. The number of top rated funds owning its shares rose from 52 in Dec '15 to 141 in Sep '16, a reassuring sign concerning the I criteria. Its small supply of only 7.5 million shares (S criteria) in the public float 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
|
$25.42
|
-0.03
-0.10% |
$25.83
|
192,780
71.40% of 50 DAV
50 DAV is 270,000
|
$25.74
-1.27%
|
10/10/2016
|
$18.20
|
PP = $18.37
|
|
MB = $19.29
|
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
|
$19.80
|
-0.20
-1.00% |
$19.95
|
43,218
45.49% of 50 DAV
50 DAV is 95,000
|
$23.00
-13.91%
|
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 - 12/21/2016 5:14:24 PM
G - Consolidating 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating After Strong Sep '16 Quarterly Earnings News - 12/21/2016 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
|
$50.58
|
-0.02
-0.04% |
$50.87
|
631,330
40.81% of 50 DAV
50 DAV is 1,547,000
|
$51.68
-2.13%
|
11/30/2016
|
$50.26
|
PP = $46.47
|
|
MB = $48.79
|
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
|
$70.55
|
-1.00
-1.40% |
$71.45
|
228,018
48.11% of 50 DAV
50 DAV is 474,000
|
$71.97
-1.97%
|
11/14/2016
|
$63.30
|
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
|
$46.54
|
+0.44
0.95% |
$46.95
|
152,043
71.38% of 50 DAV
50 DAV is 213,000
|
$54.23
-14.18%
|
9/29/2016
|
$46.12
|
PP = $47.82
|
|
MB = $50.21
|
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
|
$111.30
|
-1.65
-1.46% |
$113.65
|
148,117
60.21% of 50 DAV
50 DAV is 246,000
|
$113.05
-1.55%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
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
|
$23.27
|
-0.46
-1.94% |
$23.79
|
67,449
44.67% of 50 DAV
50 DAV is 151,000
|
$24.99
-6.88%
|
10/27/2016
|
$21.03
|
PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 12/21/2016 5:16:36 PM
Y - Quietly consolidating just below its "max buy" level. Recent lows in the $22 area and its 50 DMA line ($22.21) 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
|
$23.05
|
-0.30
-1.28% |
$23.68
|
322,252
103.29% of 50 DAV
50 DAV is 312,000
|
$24.10
-4.36%
|
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
|
$78.05
|
+1.30
1.69% |
$79.10
|
148,057
132.19% of 50 DAV
50 DAV is 112,000
|
$76.75
1.69%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/21/2016 5:22:41 PM
G - Rallied for another new high with above average volume behind today's 5th consecutive gain. 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
|
$97.95
|
-0.05
-0.05% |
$98.70
|
326,285
43.97% of 50 DAV
50 DAV is 742,000
|
$98.90
-0.96%
|
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
|
$37.96
|
+0.96
2.59% |
$38.19
|
328,457
114.85% of 50 DAV
50 DAV is 286,000
|
$37.92
0.11%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 12/21/2016 5:21:13 PM
G - Hit a new all-time high with today's 3rd consecutive gain backed by near average volume. Very extended from its prior base. Its 50 DMA line ($31.74) defines important support to watch on pullbacks. Do not be confused by 2-1 stock split effective today so the Featured Price, Pivot Point and Max Buy levels have been adjusted accordingly
>>> 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
|
$30.20
|
-0.35
-1.15% |
$30.75
|
200,956
29.86% of 50 DAV
50 DAV is 673,000
|
$32.75
-7.79%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
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
|
$40.30
|
+0.10
0.25% |
$40.70
|
424,659
40.44% of 50 DAV
50 DAV is 1,050,000
|
$45.25
-10.94%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
|
Most Recent Note - 12/21/2016 5:15:38 PM
Y - Quietly consolidating above its 50 DMA line ($39.34) which is now downward sloping. 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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