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AFTER MARKET UPDATE - WEDNESDAY, MAY 13TH, 2015
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DOW |
-7.74 |
18,060.49 |
-0.04% |
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Volume |
702,663,110 |
+2% |
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Volume |
1,554,231,860 |
-2% |
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NASDAQ |
+5.50 |
4,981.69 |
+0.11% |
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Advancers |
1,696 |
53% |
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Advancers |
1,498 |
50% |
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S&P 500 |
-0.64 |
2,098.48 |
-0.03% |
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Decliners |
1,390 |
44% |
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Decliners |
1,367 |
46% |
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Russell 2000 |
-0.85 |
1,232.28 |
-0.07% |
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52 Wk Highs |
36 |
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52 Wk Highs |
59 |
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S&P 600 |
-0.52 |
708.41 |
-0.07% |
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52 Wk Lows |
73 |
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52 Wk Lows |
59 |
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Leadership Improved While Major Averages Were Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished little changed on Wednesday. The Dow lost 7 points to 18060. The S&P 500 declined less than 1 point to 2098. The NASDAQ rose 5 points to 4981. The volume totals were reported lighter than the prior session totals on the Nasdaq exchange and higher on the NYSE. Breadth was slightly positive as advancers led decliners by a 9-7 margin on the NYSE and by a narrower margin on the Nasdaq exchange.
Leadership improved as there were 43 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, up from the prior session total of 29 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the market earned the label of being in a "correction" following last Wednesday's action. Since then, it has avoided more worrisome distributional action in the major indices, and encouraging leadership (stocks hitting new 52-week highs) remains. Buying efforts should be avoided until a new confirmed rally with a follow-through day under the guidelines the fact-based investment system, however it is always important to maintain a watch list of stocks for consideration whenever the market improves.
 main
PICTURED: The S&P 500 Index rebounded back above its 50-day moving average line after the damage last week earned the label of a "correction", but is MACD indicator remains bearish.
The major averages erased earlier gains, as corporate activity contended with economic data. Danaher (DHR +1.57%) rose after agreeing to acquire Pall Corp. (PLL +4.44%) for $13.8 billion. Owens-Illinois (OI +9.2%) rallied after announcing a new acquisition. Williams Companies (WMB +6.21%) released plans to consolidate its MLP arm, Williams Partners, in an all-stock deal.and Williams Partners (WPZ +22.7%) soared.
Five of 10 S&P 500 sectors were higher. Tech was the outperformer. Positive commentary lifted Qualcomm (QCOM +1.37%) and Microsoft (MSFT +0.58%). Industrials caught a lift from Delta (DAL +1.48%) on news of an increased dividend and share repurchase plan. DuPont (DD -6.76%) weighed on material stocks, as it fell from warding off activist intervention.
Economic data showed April’s import prices surprisingly declined and retail sales were flat, but March’s retail figure was revised higher.
Treasuries erased gains amid a $24 billion auction of 10-year notes. The benchmark 10-year security fell 10/32 to yield 2.29%.
Commodities were mixed. WTI crude fell 1.1% to $60.07/barrel, attributed to lower inventory draws. COMEX gold rallied 1.9% to $1214.70/ounce
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Bank, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.53%) posted a small gain but the Broker/Dealer Index ($XBD -0.06%) finished flat. The Semiconductor Index ($SOX +0.57%) rose while the Networking Index ($NWX -0.63%) edged lower and the Biotechnology Index ($BTK -0.09%) was little changed. The Retail Index ($RLX -0.87%) created a drag on the major averages. The Gold & Silver Index ($XAU +2.33%) was a standout gainer. Energy-related shares were quiet as the Oil Services Index ($OSX +0.05%) was unchanged and the Integrated Oil Index ($XOI -0.35%) edged lower.
Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI -0.35%) met resistance at its 200-day moving average (DMA) line and pulled back to its 50 DMA line.
| Oil Services |
$OSX |
221.88 |
+0.12 |
+0.05% |
+5.22% |
| Integrated Oil |
$XOI |
1,375.27 |
-4.79 |
-0.35% |
+2.01% |
| Semiconductor |
$SOX |
700.13 |
+3.95 |
+0.57% |
+1.93% |
| Networking |
$NWX |
382.59 |
-2.43 |
-0.63% |
+6.89% |
| Broker/Dealer |
$XBD |
192.12 |
-0.12 |
-0.06% |
+4.05% |
| Retail |
$RLX |
1,138.16 |
-9.97 |
-0.87% |
+10.21% |
| Gold & Silver |
$XAU |
75.24 |
+1.71 |
+2.33% |
+9.39% |
| Bank |
$BKX |
75.63 |
+0.40 |
+0.53% |
+1.84% |
| Biotech |
$BTK |
3,991.98 |
-3.57 |
-0.09% |
+16.08% |
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Rebounded Near 50 Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Jones Lang Lasalle Inc (JLL +$3.10 or +2.10% to $164.20) halted its slide after a 50-day moving average (DMA) line violation last week triggered a technical sell signal. The 50 DMA line has since acted as resistance, meanwhile, a rebound above that important short-term average would help its outlook.
Earnings rose +46%, 55%, +29%, and +147% in the Jun, Sep, Dec '14 and Mar '15 quarterly comparisons versus the year ago periods, respectively, above the +25% minimum earnings guideline (C criteria). It was last shown in this FSU section on 4/24/15 with annotated graphs under the headline, "Found Support Again at 50-Day Moving Average Line", but subsequent losses leading to a violation of the 50 DMA line and recent lows raised concerns and triggered technical sell signals. It made limited headway since highlighted in yellow in the 2/03/15 mid-day report (read here) and noted - "Has the look of a valid Secondary Buy point up to +5% above prior highs."
The number of top-rated funds owning its shares rose from 513 in Mar '14 to 688 in Mar '15, which is a reassuring sign concerning the I criteria. Its small supply (S criteria) of only 44.4 million shares in the public float 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 | EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service | $65.76 | +1.65
2.57% | $65.99 | 353,392
80.87% of 50 DAV
50 DAV is 437,000 | $70.49
-6.71%
| 3/27/2015 | $61.97 | PP = $63.60 | | MB = $66.78 | Most Recent Note - 5/11/2015 6:29:52 PM
G - Sank near its 50 DMA line ($64.07) with a loss on higher volume today. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen | $164.20 | +3.37
2.10% | $165.74 | 382,945
133.90% of 50 DAV
50 DAV is 286,000 | $174.83
-6.08%
| 2/3/2015 | $156.95 | PP = $154.66 | | MB = $162.39 |  Most Recent Note - 5/13/2015 8:28:58 PM
G - A rebound above its 50 DMA line ($164.74) would help its outlook, but it met resistance at that important short-term average after damaging volume-driven losses. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rebounded Near 50 Day Moving Average Line - 5/13/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | GSBC - NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans | $40.08 | +0.74
1.88% | $40.21 | 41,295
137.65% of 50 DAV
50 DAV is 30,000 | $41.41
-3.21%
| 4/27/2015 | $40.94 | PP = $40.54 | | MB = $42.57 | Most Recent Note - 5/13/2015 8:31:41 PM
Y - Tallied a gain with above average volume while rising from support at its 50 DMA line ($38.82). Recent lows ($38.00 on 5/06/15) define the next important support.
>>> FEATURED STOCK ARTICLE : Distributional Action Today and Annual Earnings History a Concerrn - 4/27/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized | $73.11 | +0.21
0.29% | $73.90 | 655,882
42.51% of 50 DAV
50 DAV is 1,543,000 | $77.80
-6.03%
| 5/1/2015 | $75.99 | PP = $77.49 | | MB = $81.36 | Most Recent Note - 5/12/2015 10:13:53 PM
Y - Consolidating just above its 50 DMA line. Subsequent damaging losses leading to violations of the 50 DMA line or prior lows ($68.30 on 4/28/15) would raise concerns and trigger technical sell signals. Volume-driven gains above the pivot point are still needed to trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average - 5/12/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services | $76.12 | +0.15
0.20% | $76.68 | 826,134
56.16% of 50 DAV
50 DAV is 1,471,000 | $77.31
-1.54%
| 4/20/2015 | $73.53 | PP = $73.63 | | MB = $77.31 | Most Recent Note - 5/12/2015 10:34:06 PM
G - Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Arose After Sub Par Earnings News - 5/6/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | 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 | FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services | $153.32 | +0.28
0.18% | $155.21 | 371,490
66.11% of 50 DAV
50 DAV is 561,900 | $165.67
-7.45%
| 5/1/2015 | $155.23 | PP = $160.50 | | MB = $168.53 | Most Recent Note - 5/12/2015 10:32:33 PM
G - Still sputtering below its 50 DMA line which recently acted as resistance. A rebound above the 50 DMA line would help its outlook improve. Technically, it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. Reported earnings +29% on +64% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security | $151.48 | -0.19
-0.13% | $152.77 | 887,418
64.82% of 50 DAV
50 DAV is 1,369,000 | $158.24
-4.27%
| 3/27/2015 | $146.44 | PP = $149.45 | | MB = $156.92 | Most Recent Note - 5/11/2015 6:25:32 PM
Y - Its 50 DMA line ($146.08) acted as support during its ongoing advance. Volume totals have been below average while consolidating since triggering a new technical buy signal with a volume-driven gain on 4/21/15. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal. See the latest FSU analysis for additional details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line | $101.64 | -0.14
-0.14% | $103.18 | 2,054,883
61.52% of 50 DAV
50 DAV is 3,340,000 | $108.50
-6.32%
| 4/15/2015 | $100.75 | PP = $108.60 | | MB = $114.03 | Most Recent Note - 5/12/2015 10:27:22 PM
Y - Consolidating just above its 50 DMA line with losses on lighter volume. Little overhead supply remains up through the $108 level. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Rallied Toward Prior Highs Following Earnings News - 5/8/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | SWKS - NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir | $96.65 | -0.14
-0.14% | $97.99 | 1,618,139
33.63% of 50 DAV
50 DAV is 4,811,000 | $102.77
-5.96%
| 5/1/2015 | $97.51 | PP = $102.87 | | MB = $108.01 | Most Recent Note - 5/11/2015 6:28:16 PM
Y - Sputtering above its 50 DMA line ($95.77) while still building on a riskier "late-stage" base pattern. Its color code is yellow, and subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 5/4/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials | $54.27 | -0.23
-0.42% | $54.70 | 142,658
59.19% of 50 DAV
50 DAV is 241,000 | $55.36
-1.97%
| 4/9/2015 | $49.58 | PP = $48.13 | | MB = $50.54 | Most Recent Note - 5/13/2015 8:24:16 PM
G - Volume totals have been cooling while still consolidating in a very tight range near its 52-week high. It has not formed a sound base, but stubbornly held its ground. Prior highs in the $48 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | 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 | VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other | $219.90 | -3.06
-1.37% | $223.19 | 1,391,388
60.31% of 50 DAV
50 DAV is 2,307,000 | $227.76
-3.45%
| 1/5/2015 | $144.84 | PP = $149.90 | | MB = $157.40 | Most Recent Note - 5/13/2015 8:26:33 PM
G - Hovering near all-time highs after volume-driven gains. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following Volume-Driven Gains - 5/7/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M |
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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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