The Closing Print live trading and financial blog during market hours.

The Top 10 Winners and Losers from Thursday MarketSmith scans provides a mix of stocks from the financial, industrial and energy sectors. Most of the winners are rising from bases, while all of the losers are fading from 52-week highs. In addition, the tech stocks lead market lower on Thursday, while the S&P 500 added another distribution day, totaling three (3) and the Nasdaq added one  (1).

MarketSmith – Winners and Losers

Growth stocks rose for three days this week, then sold off hard on Thursday as the Nasdaq-100 and the Nasdaq Composite were rejected at he 21d exponential moving average. Both are threatening a test of the 200d moving average in the short-term. Defensive sectors bounced, while the financial sector remained mixed as banks begin reporting on Friday, ahead of the long weekend.

All US markets are closed on Monday in observance of Martin Luther King Day.


Leaders Up in Volume:


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Leaders Down in Volume:


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MarketSmith – Kroger

On Thursday, Kroger (KR) posted an increase to its Relative Strength (RS) Rating, from 92 to 95. In addition, volume has been above average this week as the stock attempts a breakout of its cup and handle pattern. The stock is 5% above its pivot over the past 7 trading days, as it gains relative strength, while the markets consolidate recent gains. 

We are looking for Kroger to continue higher. Trailing stops are below Thursdays low (47.05).


Kroger (KR) has posted rising EPS growth (left panel) over the last two quarters. Sales growth has also increased during the same period. 

The company boasts a No. 4 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA (MUSA) and TravelCenters of America (TA) are also among the group’s highest-rated stocks.

Weakness took semiconductors a notch lower on Thursday, despite Taiwan Semiconductor beating analysts estimates. Marvell (MRVL) is one of the stocks from the MarketSmith losers noted above.

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