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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 30TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-117.11 |
17,603.87 |
-0.66% |
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Volume |
545,628,720 |
-5% |
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Volume |
1,144,561,490 |
-10% |
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NASDAQ |
-42.09 |
5,065.85 |
-0.82% |
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Advancers |
907 |
29% |
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Advancers |
828 |
29% |
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S&P 500 |
-6.66 |
680.78 |
-0.97% |
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Decliners |
2,177 |
71% |
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Decliners |
2,032 |
71% |
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Russell 2000 |
-10.88 |
1,149.64 |
-0.94% |
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52 Wk Highs |
72 |
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52 Wk Highs |
55 |
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S&P 600 |
+7.06 |
687.44 |
+1.04% |
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52 Wk Lows |
35 |
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52 Wk Lows |
71 |
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Major Averages Quietly Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks declined on Wednesday. The Dow was off 117 points to 17603. The S&P 500 fell 15 points to 2063. The NASDAQ lost 42 points to 5065. Volume totals were lighter than average, lower than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 26 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 52 on the prior session. There were gains for only 2 high-ranked companies of the 8currently on the Featured Stocks Page. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows led new highs on the Nasdaq exchange. Charts used courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index is consolidating near its 50-day and 200-day moving average (DMA) lines. New leadership (stocks hitting new highs) improved while the major averages (M criteria) have repaired recent damage and avoided a deeper correction. The major averages slid lower amid light volume in the second-to-last session
of the year. With one trading day left, the Dow is down 1.2% on the year, while
the S&P 500 is 0.3% higher and the NASDAQ is up 7%. In economic news,
pending home sales declined for the third time in four months.
All ten sectors in the S&P 500 finished lower on the session. Energy
shares lead the decline after a report from the EIA showed that U.S. crude
inventories rose by 2.63 million barrels last week, bringing the total expansion
to 100 million barrels this year. WTI crude slid 3% to $36.71/barrel on the
NYMEX after the release.
In M&A news, Pep Boys (PBY -2.90%) fell on reports that Japan’s
Bridgestone will not counter activist investor Carl Icahn’s offer to purchase
the auto parts retailer for $18.50/share. Fairchild Semiconductor (FCS +3.70%) rose after announcing it has received a bid from an unnamed buyer for
$21.70/share, topping ON Semiconductor’s (ON +1.58%) agreement to acquire the company for
$20/share.
Treasuries were mixed with the
curve slightly steepening. The benchmark 10-year note added 1/32 to yield 2.30%.
In FOREX, the dollar was mildly higher against its peers. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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All Industry Groups Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Oil Services Index ($OSX -1.73%) and the Integrated Oil Index ($XOI -1.48%) both were lower and the Gold & Silver Index ($XAU -2.07%) also fell. The Retail Index ($RLX-0.96%) and the Bank Index ($BKX-1.11%) and Broker/Dealer Index ($XBD -0.93%) also had a negative influence on the major averages on Wednesday's session. Rounding out the widely negative session the Biotechnology Index ($BTK -0.86%), Networking Index ($NWX -1.03%) and the Semiconductor Index ($SOX +-0.99%) ended unanimously lower.Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX-1.11%) is consolidating near its 50-day and 200-day moving average (DMA) line. It has been sputtering recently, yet staying well above prior lows defining important near-term support.
| Oil Services |
$OSX |
156.39 |
-2.76 |
-1.73% |
-25.84% |
| Integrated Oil |
$XOI |
1,072.51 |
-16.07 |
-1.48% |
-20.44% |
| Semiconductor |
$SOX |
673.08 |
-6.70 |
-0.99% |
-2.01% |
| Networking |
$NWX |
378.68 |
-3.92 |
-1.03% |
+5.79% |
| Broker/Dealer |
$XBD |
179.23 |
-1.69 |
-0.93% |
-2.93% |
| Retail |
$RLX |
1,299.79 |
-9.00 |
-0.69% |
+25.86% |
| Gold & Silver |
$XAU |
45.20 |
-0.95 |
-2.06% |
-34.28% |
| Bank |
$BKX |
73.71 |
-0.82 |
-1.10% |
-0.74% |
| Biotech |
$BTK |
3,835.07 |
-33.19 |
-0.86% |
+11.51% |
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Still Sputtering Near 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Blackhawk Network Inc (HAWK -$0.33 or -0.72% to $45.25) has been trading near its 50-day moving average (DMA) line which acted as support after damaging losses on volume triggered a technical sell signal. Disciplined investors will note that a proper buy signal was not triggered since first featured in yellow in the 11/25/15 mid-day report. It was last shown in this FSU section on 12/15/15 with an annotated graph under the headline, "Hovering Near Highs But Not Showing Fresh Signs of Accumulation". It has still been holding its ground stubbornly near all-time highs with volume totals cooling. Volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal. after highlighted in yellow with new pivot point cited based on its 10/09/15 high plus 10 cents in the 11/25/15 mid-day report (read here). A subsequent volume driven gain and strong close above the pivot is still needed to trigger a proper technical buy signal. Under the fact-based investment system's buying rules the volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal. Historic studies have shown that most big stock market winners began their considerable price advance with a burst of very heavy volume behind their breakout gains into new high territory. The surge of volume is a crucial sign of serious institutional buying demand. Fundamentals remain strong. It reported earnings +52% on +31% sales revenues for the Sep '15 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. The number of top-rated funds owning its shares rose from 205 in Dec '14 to 337 in Sep '15, a reassuring sign concerning the I criteria. Currently the Finance - Credit Card/Payment Processing firm has a Timeliness rating of A and a Sponsorship rating of C. The small supply of only 53.5 million shares (S criteria) in the pubic float can 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 |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$52.89
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+0.35
0.67% |
$53.40
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85,375
46.15% of 50 DAV
50 DAV is 185,000
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$58.75
-9.97%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 12/28/2015 6:27:02 PM
G - Still sputtering below its 50 DMA line ($53.57). The longer it lingers below that important short-term average the worse its outlook gets.
>>> FEATURED STOCK ARTICLE : Slide Below Prior Lows and 50-Day Average Raised More Serious Concerns - 12/22/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$69.43
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+0.48
0.70% |
$70.06
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407,586
77.78% of 50 DAV
50 DAV is 524,000
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$77.75
-10.70%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 12/29/2015 10:59:51 PM
G - Still below its recent low ($69.85 on 12/11/15) after losses triggering a technical sell signal. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Falters and Slumps Into Prior Base Raising Concerns - 12/23/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
HAWK
-
NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$45.58
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+0.43
0.95% |
$45.84
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194,319
43.96% of 50 DAV
50 DAV is 442,000
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$48.40
-5.83%
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11/25/2015
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$47.63
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PP = $47.07
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MB = $49.42
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Most Recent Note - 12/28/2015 6:22:08 PM
G - Sputtering near its 50 DMA line which acted as support after damaging losses on volume triggered a technical sell signal. Disciplined investors will note that a proper buy signal was not triggered since first featured in yellow in the 11/25/15 mid-day report.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs But Not Showing Fresh Signs of Accumulation - 12/15/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$113.35
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+1.43
1.28% |
$114.26
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283,557
84.39% of 50 DAV
50 DAV is 336,000
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$113.61
-0.23%
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11/6/2015
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$100.75
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PP = $88.97
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MB = $93.42
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Most Recent Note - 12/28/2015 6:30:37 PM
G - Perched near its 52-week high after volume-driven gains. Its 50 DMA line ($94.39) and recent lows define near-term support to watch. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidation Was Brief Following Prior Breakaway Gap - 12/28/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$196.44
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+2.01
1.03% |
$197.26
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135,102
51.57% of 50 DAV
50 DAV is 262,000
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$216.27
-9.17%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 12/28/2015 6:28:46 PM
G - Still sputtering below its 50 DMA line, and a rebound above it is needed for its outlook to improve. Subsequent deterioration below recent lows ($188) would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Slumped Back Below 50-Day Moving Average Line Raising Concerns - 12/21/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
LXFT
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NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$78.18
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+0.80
1.03% |
$78.36
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102,688
43.70% of 50 DAV
50 DAV is 235,000
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$80.64
-3.05%
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10/22/2015
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$66.65
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PP = $68.95
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MB = $72.40
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Most Recent Note - 12/24/2015 10:49:15 AM
G - Volume totals have still been cooling while consolidating near all-time highs. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($73) and prior lows define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Well Above 50-Day Moving Average Line - 12/18/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$177.77
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+1.13
0.64% |
$178.79
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1,105,426
67.98% of 50 DAV
50 DAV is 1,626,000
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$200.55
-11.36%
|
12/14/2015
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$179.20
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PP = $200.65
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MB = $210.68
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Most Recent Note - 12/29/2015 10:53:28 PM
Y - Halted its slide at its 50 DMA line today after a streak of losses. Since featured in the 12/14/15 mid-day report it has not produced the volume-driven gains for new highs needed to trigger a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/29/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$16.11
|
+0.08
0.50% |
$16.52
|
13,985
73.61% of 50 DAV
50 DAV is 19,000
|
$17.95
-10.25%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
|
Most Recent Note - 12/28/2015 12:42:26 PM
G - Recent lows and its 200 DMA line define important near-term support in the $15.50 area where subsequent violations would raise greater concerns. The 50 DMA line acted as resistance recently, and a rebound above that important short-term average is needed for its outlook to improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Resistance After 200 DMA Test - 12/24/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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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