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AFTER MARKET UPDATE - TUESDAY, JANUARY 25TH, 2022
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Indices NYSE Nasdaq
DOW  -66.77 34,297.73 -0.19% Volume 1,153,952,947 -23% Volume 4,912,131,700 -30%
NASDAQ -315.83 13,539.29 -2.28% Advancers 1,348 42% Advancers 1,879 43%
S&P 500 -53.68 4,356.45 -1.22% Decliners 1,870 58% Decliners 2,514 57%
Russell 2000 -29.48 2,004.03 -1.45% 52 Wk Highs 18   52 Wk Highs 25  
S&P 600 -14.63 1,296.67 -1.12% 52 Wk Lows 159   52 Wk Lows 281  

TODAY'S SPECIAL NOTICE

Damaging losses for the major averages recently signaled a market correction (M criteria). Greater caution is advised until strength returns. Disciplined investors know to avoid new buying efforts and to raise cash by selling faltering stocks on a case-by-case basis. 


Major Averages Fell With Lighter Volume Totals

The Dow fell 66 points, largely recovering from a more than 800-point slump for the second straight session. The S&P 500 shed 1.2% to a three-month low, but pared an earlier loss that had once again briefly pushed the index into correction territory (defined as a 10% decline from a recent peak). Volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 3-2 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 4 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page. New 52-week lows totals contracted yet easily outnumbered new 52-week highs again on the NYSE and on the Nasdaq exchange. The market averages (M criteria) have seen damaging losses noted that signaled a more serious market correction. Greater caution is suggested until noted strength returns.
Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index sank on lighter volume after a "positive reversal" on Monday with higher volume, its sharpest reversal since 2008. It slumped 2.3%, trimming an early session drop of over 3%, but still closing more than 15.6% below its November 19 record high. 

U.S. stocks finished lower on Tuesday in another volatile session as investors grappled with uncertainty related to monetary policy tightening, the economic growth outlook, and escalating geopolitical tensions.  The broad benchmark S&P 500 Index is positioned for its worst monthly performance since March 2020 (-8.6% month-to-date). Nine of 11 S&P 500 sectors closed in negative territory, with growth-related groups leading decliners. Energy shares bucked the downtrend as worries over supply disruptions propelled West Texas Intermediate crude 2.4% higher to $85.31/barrel. 

Financials also outperformed, with American Express Co. (AXP +8.92%) rose as record card spending fueled strong results. In other earnings, International Business Machines Corp. (IBM +5.65%) after the Tech stalwart notched its strongest revenue growth in a decade. Meanwhile, General Electric Co. (GE -5.98%) slumped as ongoing supply chain issues pressured its quarterly figures. Elsewhere, Johnson & Johnson (JNJ +2.86%) rose following stronger-than-expected full-year guidance.

Treasuries ended little changed, with the yield on the 10-year note up one basis point (0.01%) to 1.78%. On the data front, the Conference Board’s gauge of consumer confidence eased in January.

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.


Energy-Linked Groups Posted Standout Gains

The Oil Services Index ($OSX +5.43%) and Integrated Oil Index ($XOI +4.02%) both posted standout gains while the Gold & Silver Index ($XAU +1.14%) also rose.  The Retail Index ($RLX -2.45%) slumped and the Broker/Dealer Index ($XBD -0.56%) edged lower, meanwhile the Bank Index ($BKX +0.49%) edged higher. The tech sector saw unanimous losses from the Semiconductor Index ($SOX -3.71%), Networking Index ($NWX -2.13%), and Biotech Index ($BTK -1.59%).
Chart courtesy of www.stockcharts.com


PICTURED: The Biotech Index ($BTK -1.59%) is in weak shape after steadily slumping well below its 50 and 200 DMA lines.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  65.32 +3.37 +5.43% +23.89%
Integrated Oil $XOI  1,377.29 +53.24 +4.02% +16.90%
Semiconductor $SOX  3,350.85 -129.10 -3.71% -15.09%
Networking $NWX  852.14 -18.55 -2.13% -12.25%
Broker/Dealer $XBD  460.20 -2.60 -0.56% -5.48%
Retail $RLX  3,632.84 -91.14 -2.45% -14.05%
Gold & Silver $XAU  129.86 +1.46 +1.14% -1.95%
Bank $BKX  134.29 +0.66 +0.49% +1.56%
Biotech $BTK  4,921.97 -79.55 -1.59% -10.81%


Violated 200-Day Moving Average Line Following Earnings News

United Microelectronics Inc's Adr (UMC -$0.78 or -7.15% to $10.13) color code was changed to green after today's big volume-driven loss violated its 200-day moving average (DMA) line triggering a worrisome technical sell signal. The weak action came after it reported Dec '21 quarterly earnings +44% on +32% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. A prompt rebound above the 200 DMA and subsequent gains above the 50 DMA line ($11.43) are needed for its outlook to improve.

UMC was last shown in this FSU section on 1/04/22 with an annotated graph under the headline "Testing Support and Perched Not Far From Prior Highs".  It has a 96 Earnings Per Share (EPS) rating. For the Sep '21 quarter earnings rose +100% on +30% sales revenues versus the year ago period, continuing its strong earnings track record. Recent quarters showed solid earnings and improved sales revenues increases satisfying the C criteria. Annual earnings (A criteria) growth has been strong after a noted downturn in FY '18.  

The high-ranked ELECTRONICS - Semiconductor - Integrated Circuits firm saw the number of top rated funds owning its shares rise from 65 in Sep '20 to 94 in Dec '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days

Chart courtesy of www.stockcharts.com



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
StockCharts.com Latest Chart for REGN REGN - NASDAQ
Regeneron Pharmaceutical
DRUGS - Biotechnology  
$603.19 -18.29
-2.94%

$618.00

973,728
133.94% of 50 DAV
50 DAV is 727,000
$686.62
-12.15%
12/13/2021 $647.95 PP = $686.72
MB = $721.06
Most Recent Note - 1/25/2022 5:12:38 PM
G - Pulled back today with less volume after 2 consecutive gains backed by higher volume. A rebound above the 50 DMA line ($632) still is needed for its outlook to improve. Prior lows and its 200 DMA line ($587) define the next important support.
>>> FEATURED STOCK ARTICLE : Regeneron Still Lingering Below 50-Day Moving Average Line - 1/11/2022
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for UMC UMC - NYSE
United Microelectrnc Adr
ELECTRONICS - Semiconductor - Integrated Cir  
$10.13 -0.78
-7.15%

$10.77

21,698,611
293.98% of 50 DAV
50 DAV is 7,381,000
$12.68
-20.11%
12/1/2021 $12.60 PP = $12.72
MB = $13.36
Most Recent Note - 1/25/2022 5:10:39 PM
G - Color code is changed to green after today's big volume-driven loss violated its 200 DMA line triggering a worrisome technical sell signal. A prompt rebound above the 200 DMA and gains above the 50 DMA line are needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Violated 200-Day Moving Average Line Following Earnings News - 1/25/2022
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TITN TITN - NASDAQ
Titan Machinery Inc
SPECIALTY RETAIL  
$30.00 -0.62
-2.02%

$30.48

110,269
57.13% of 50 DAV
50 DAV is 193,000
$38.58
-22.24%
11/23/2021 $36.22 PP = $35.34
MB = $37.11
Most Recent Note - 1/25/2022 5:13:45 PM
G - Suffered a loss today with lighter volume following a "positive reversal" after undercutting both its 200 DMA line and the prior low ($30.27 on 12/20/21). A rebound above the 50 DMA line ($33.16) still is needed for its outlook to improve. It faces resistance due to overhead supply up to the $38 level. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Positive Reversal After Undercutting 200-Day Moving Average - 1/24/2022
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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