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AFTER MARKET UPDATE - FRIDAY, DECEMBER 30TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-57.18 |
19,762.60 |
-0.29% |
|
Volume |
1,053,101,210 |
+50% |
|
Volume |
1,403,777,070 |
+20% |
|
NASDAQ |
-48.97 |
5,383.12 |
-0.90% |
|
Advancers |
1,327 |
45% |
|
Advancers |
1,157 |
37% |
|
S&P 500 |
-10.43 |
2,238.83 |
-0.46% |
|
Decliners |
1,628 |
55% |
|
Decliners |
1,956 |
63% |
|
Russell 2000 |
-6.05 |
1,357.13 |
-0.44% |
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52 Wk Highs |
58 |
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52 Wk Highs |
56 |
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S&P 600 |
-3.56 |
837.96 |
-0.42% |
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52 Wk Lows |
14 |
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52 Wk Lows |
46 |
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Indices Pulled Back for Quiet End to Resilient Year
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the month, the Dow was up 3.3%, the S&P added 1.6%, and the Nasdaq gained 1.1%. Stocks finished lower on Friday. The Dow was down 56 points to 19762. The S&P 500 lost 10 points to 2238 and the Nasdaq Composite fell 48 points to 5383. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by an 8-7 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 16 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 28 on the prior session. New 52-week highs still outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The 3-year Dow Jones Industrial Average chart shows the index perched near its record high, ending up +13.4% for 2016. It rallied after the election nearly as dramatically as it dropped at the start of 2016.
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 Friday, amid thin volume on the final trading day of 2016. For the year, the S&P 500 climbed 9.4%, posting its best annual gain since 2013. The Dow Jones Industrial Average finished 13.4% higher for 2016, despite failing to reach the psychologically important 20,000 point level. Finally, the Nasdaq Composite advanced 7.5% on the year.
Nine of 11 sectors in the S&P 500 ended in negative territory. Technology stocks led the losses with Alphabet (GOOG -1.40%). In M&A news, Sprint (S -4.43%) fell amid reports the wireless carrier may be involved in talks of a possible merger with T-Mobile (TMUS -0.93%). Shares of Cabela’s (CAB -5.07%) fell after disclosing an extended waiting period on its proposed merger with Bass Pro Shops. In Health Care, Mylan (MYL +2.06%) rose as the drugmaker launched a generic version of Johnson & Johnson’s (JNJ -0.24%) Concerta, a drug designed to treat ADHD.
Treasuries advanced with the benchmark 10-year note up 8/32 to yield 2.44%. In commodities, NYMEX WTI crude posted its biggest annual gain since 2009, up 45% on the year. COMEX gold fell 0.5% to $1152.40/ounce. In FOREX, the Dollar Index finished 3.5% higher in 2016, its fourth consecutive year of gains. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Retail, and Commodity-Linked Groups Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.10%) fell while the Broker/Dealer Index ($XBD +0.11%), and Bank Index ($BKX +0.49%) each ended higher on Friday's session. The Biotechnology Index ($BTK -0.63%) and Networking Index ($NWX -0.43%) both edged lower while the Semiconductor Index ($SOX -1.60%) led the tech sector's retreat. Commodity-linked groups were mixed. The Gold & Silver Index ($XAU -3.87%) erased a fair part of its prior session's big gain, and the Oil Services Index ($OSX -0.23%) and Integrated Oil Index ($XOI -0.37%) both edged lower. Charts courtesy www.stockcharts.com
 PICTURED: The 3-year chart of the Semiconductor Index ($SOX -1.60%) illustrates how it overcame a weak start. It found support above prior lows and ended near record highs, tallying a +36.6% gain for 2016.
| Oil Services |
$OSX |
183.79 |
-0.43 |
-0.23% |
+16.52% |
| Integrated Oil |
$XOI |
1,267.99 |
-4.65 |
-0.37% |
+18.20% |
| Semiconductor |
$SOX |
906.47 |
-14.73 |
-1.60% |
+36.62% |
| Networking |
$NWX |
446.10 |
-1.91 |
-0.43% |
+18.66% |
| Broker/Dealer |
$XBD |
205.28 |
+0.23 |
+0.11% |
+15.27% |
| Retail |
$RLX |
1,342.98 |
-14.92 |
-1.10% |
+4.64% |
| Gold & Silver |
$XAU |
78.86 |
-3.18 |
-3.88% |
+74.08% |
| Bank |
$BKX |
91.79 |
+0.45 |
+0.49% |
+25.60% |
| Biotech |
$BTK |
3,075.02 |
-19.64 |
-0.63% |
-19.37% |
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Consolidating Well Above Prior Highs and 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Drew Industries Inc (DW -$0.85 or -0.78% to $107.75) has pulled back from all-time highs, yet it remains extended from any sound base. Prior highs in the $101-103 area define support to watch above its 50-day moving average (DMA) line. It was last shown in this FSU section on 11/30/16 with an annotated graph under the headline, "Pullback Following Volume-Driven Gain For New Highs". On the prior session it had finished strong after highlighted in yellow with pivot point cited based on its 9/28/16 high in the mid-day report (read here).
The high ranked Building - Mobile/Manufacturing & RV firm rebounded after finding support well above its 200-day moving average (DMA) line in recent weeks. The number of top-rated funds owning its shares rose from 311 in Dec '15 to 414 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A, but a Sponsorship Rating of C at present.
Recently it reported Sep '16 quarterly earnings +70% on +19% sales revenues, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Its strong annual earnings (A criteria) history matches the fact-based investment system's fundamental guidelines.
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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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$25.17
|
-0.11
-0.44% |
$25.72
|
150,653
56.21% of 50 DAV
50 DAV is 268,000
|
$25.83
-2.57%
|
10/10/2016
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$18.20
|
PP = $18.37
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|
MB = $19.29
|
Most Recent Note - 12/30/2016 5:49:18 PM
G - Stubbornly holding its ground near all-time highs, very extended from any sound base. Its 50 DMA line $22 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 |
View all notes |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$19.15
|
-0.45
-2.30% |
$19.70
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49,355
52.51% of 50 DAV
50 DAV is 94,000
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$23.00
-16.74%
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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 - 12/30/2016 5:41:08 PM
G - Consolidating above prior highs and its 50 DMA line which coincide in the $18 area defining important support to watch.
>>> 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
|
$48.73
|
-0.51
-1.04% |
$49.49
|
1,048,150
71.50% of 50 DAV
50 DAV is 1,466,000
|
$51.68
-5.71%
|
11/30/2016
|
$50.26
|
PP = $46.47
|
|
MB = $48.79
|
Most Recent Note - 12/28/2016 5:20:23 PM
G - Still consolidating above its "max buy" level with volume totals cooling. Prior highs in the $46 area and its 50 DMA line ($47.15) define 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
|
$68.70
|
-0.15
-0.22% |
$69.05
|
132,260
27.84% of 50 DAV
50 DAV is 475,000
|
$71.97
-4.54%
|
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 - 12/30/2016 5:50:03 PM
G - Still stubbornly holding its ground near all-time highs, very extended from its prior base. Its 50 DMA line ($63.89) and prior highs define important support.
>>> 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
|
$51.84
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+3.05
6.25% |
$52.79
|
475,934
265.88% of 50 DAV
50 DAV is 179,000
|
$54.23
-4.41%
|
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 - 12/30/2016 5:43:10 PM
G - Posted a solid volume-driven gain today. Its 50 DMA line ($47.57) and prior low ($45.61 on 12/20/16) define important support levels to watch on pullbacks. 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
|
$107.75
|
-0.85
-0.78% |
$108.70
|
114,123
47.95% of 50 DAV
50 DAV is 238,000
|
$113.65
-5.19%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 12/30/2016 5:39:59 PM
G - Pulled back from all-time highs, but it remains extended from its prior base. Prior highs in the $101-103 area define support to watch above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Well Above Prior Highs and 50-Day Moving Average - 12/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$25.34
|
-0.12
-0.47% |
$25.87
|
96,422
63.02% of 50 DAV
50 DAV is 153,000
|
$25.52
-0.71%
|
12/22/2016
|
$24.99
|
PP = $25.09
|
|
MB = $26.34
|
Most Recent Note - 12/28/2016 5:22:18 PM
Y - Posted a gain with average volume for a best-ever close today. New pivot point was cited based on its 11/17/16 high plus 10 cents after an orderly base-on-base pattern. A volume-driven gain and strong close above the pivot point may clinch a new (or add-on) technical buy signal. Recent lows in the $22 area and its 50 DMA line ($22.61) coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Built an Orderly Base-On-Base Pattern - 12/23/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$22.35
|
+0.00
0.00% |
$22.50
|
328,577
104.64% of 50 DAV
50 DAV is 314,000
|
$24.10
-7.26%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 12/29/2016 6:19:42 PM
Y - Pulled back for a 4th consecutive loss on average or light volume. Color code is changed to yellow after undercutting its "max buy" level. Prior highs in the $21-22 area define initial support to watch on pullbacks.
>>> 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
|
$76.30
|
-0.90
-1.17% |
$78.26
|
113,698
98.02% of 50 DAV
50 DAV is 116,000
|
$79.15
-3.60%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/28/2016 5:18:38 PM
G - Extended from its prior base. Prior highs in the $69 area and its 50 DMA line ($66.71) define support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Stubbornly Held Ground and Rose Since Featured Again - 12/28/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$96.77
|
+0.04
0.04% |
$97.53
|
249,286
34.34% of 50 DAV
50 DAV is 726,000
|
$98.90
-2.15%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
|
MB = $103.95
|
Most Recent Note - 12/30/2016 5:48:33 PM
Y - Volume totals have cooled while has formed an advanced "3-weeks tight" base pattern perched at all-time highs and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line and prior lows in the $91 area define important support to watch on pullbacks.
>>> 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
|
$37.44
|
+0.23
0.62% |
$37.49
|
198,510
69.17% of 50 DAV
50 DAV is 287,000
|
$38.65
-3.13%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 12/27/2016 5:43:38 PM
G - Holding its ground near all-time highs, extended from its prior base. Its 50 DMA line ($32.42) defines important support to watch on pullbacks. Do not be confused by 2-1 stock split effective 12/21/16 so the Featured Price, Pivot Point and Max Buy levels were 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
|
$28.45
|
-0.45
-1.56% |
$29.04
|
374,848
56.97% of 50 DAV
50 DAV is 658,000
|
$32.75
-13.13%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 12/29/2016 6:16:00 PM
G - Quietly slumping below its 50 DMA line ($29.33) following distributional losses raising concerns. Only a prompt rebound would help its outlook improve. Prior highs in the $28 area define important support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Distributional Action Plus Slump Below 50-Day Moving Average - 12/29/2016 |
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C
A
S
I |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$38.65
|
-0.65
-1.65% |
$39.45
|
786,246
80.07% of 50 DAV
50 DAV is 982,000
|
$45.25
-14.59%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
|
Most Recent Note - 12/28/2016 5:30:08 PM
Y - Slumped to a close near its 50 DMA line ($39.31) and ended near the session low. more damaging losses would raise concerns. Little resistance remains due to overhead supply. Subsequent volume-driven gains for new highs are needed to trigger a proper 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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