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AFTER MARKET UPDATE - WEDNESDAY, MAY 20TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-26.99 |
18,285.40 |
-0.15% |
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Volume |
675,837,960 |
-7% |
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Volume |
1,667,552,460 |
+4% |
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NASDAQ |
+1.71 |
5,071.74 |
+0.03% |
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Advancers |
1,579 |
50% |
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Advancers |
1,419 |
48% |
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S&P 500 |
-1.98 |
2,125.85 |
-0.09% |
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Decliners |
1,445 |
46% |
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Decliners |
1,448 |
49% |
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Russell 2000 |
+2.08 |
1,257.74 |
+0.17% |
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52 Wk Highs |
118 |
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52 Wk Highs |
108 |
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S&P 600 |
+0.49 |
722.07 |
+0.07% |
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52 Wk Lows |
29 |
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52 Wk Lows |
47 |
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Major Averages Ended Mixed and Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished little changed on Wednesday. The Dow declined 26 points to 18285. The S&P 500 retreated 2 points to 2125. The NASDAQ bucked the trend to climb 1 point to 5071. The volume totals were reported mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was even on the NYSE and on the Nasdaq exchange. Leadership contracted as there were 57 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 79 stocks. New 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange both. There were gains for 5 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, Thursday's bullish action last week met the definition of a "follow-through day" under the guidelines the fact-based investment system, signaling that investors have a favorable market environment for buying stocks meeting all of the key fundamental and technical criteria. The Nasdaq Composite Index's 1.4% gain on higher volume was coupled with the S&P 500 Index's finish at a new record high close and improving leadership (more stocks hitting new 52-week highs).
PICTURED: The Dow Jones Industrial Average is perched near its all-time high, up +2.6% year-to-date.
The major averages toggled between gains and losses as dovish Fed speak offset weakness in industrials. Today’s release of the April FOMC meeting minutes spurred speculation of rate hike delays as only a select “few” Fed officials anticipated an increase in June.
Five of the 10 S&P 500 sectors were in negative territory. Airlines weighed on industrials stocks as higher oil prices combined with negative analyst commentary. Southwest (LUV -9.09%) and American Airlines (AAL -10.01%) fell. JP Morgan Chase & Co (JPM -0.79%) fell and financials were a relative underperformer following new disciplinary fines. Yahoo (YHOO +4.42%) outperformed after announcing plans to move forward with its spin-off of Alibaba (BABA +2.82%). In earnings, Lowe’s (LOW -4.64%) fell after missing quarterly projections.
Treasuries advanced but pared gains. The benchmark 10-year note climbed 8/32 to yield 2.25%. According to Bloomberg, the futures market indicates a 71.9% probability of the Fed Funds rate reaching at least 0.25% by the Fed’s September meeting.
Commodities were mostly higher. A positive report on oil inventories sent WTI crude 1.2% higher to $58.70/barrel. COMEX gold gained 0.2% to $1209.60/ounce. In FOREX, the dollar index advanced 0.1% with the euro off 0.5% to $1.1098/EUR and the yen 0.5% weaker to ¥121.29/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Biotech and Energy Groups Rose; Financial and Retail Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday the Bank Index ($BKX -0.76%) and the Broker/Dealer Index ($XBD -0.38%) both were a negative influence on the major averages as the financial indexes ended the session lower. The Retail Index ($RLX -0.62%) also created a drag. The tech sector saw the Biotechnology Index ($BTK +1.37%) leading the way higher, and the Semiconductor Index ($SOX +0.15%) inched higher, meanwhile the Networking Index ($NWX -0.03%) finished flat. Commodity-linked groups edged higher as gains in energy-related shares lifted the Oil Services Index ($OSX +0.58%) and the Integrated Oil Index ($XOI +0.32%), and the Gold & Silver Index ($XAU +0.14%) also eked out a tiny gain.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX -0.62%) recently found support at its 50-day moving average (DMA) line. Consumer spending accounts for approximately 2/3 of the US economy, so healthy action in the Retail Index is a reassuring sign. Subsequent deterioration below the 50 DMA line and below recent lows would raise concerns regarding the market outlook.
| Oil Services |
$OSX |
214.71 |
+1.24 |
+0.58% |
+1.82% |
| Integrated Oil |
$XOI |
1,366.06 |
+4.36 |
+0.32% |
+1.33% |
| Semiconductor |
$SOX |
714.48 |
+1.09 |
+0.15% |
+4.02% |
| Networking |
$NWX |
390.37 |
-0.10 |
-0.03% |
+9.06% |
| Broker/Dealer |
$XBD |
193.95 |
-0.73 |
-0.38% |
+5.04% |
| Retail |
$RLX |
1,138.25 |
-7.10 |
-0.62% |
+10.22% |
| Gold & Silver |
$XAU |
72.07 |
+0.09 |
+0.13% |
+4.78% |
| Bank |
$BKX |
76.32 |
-0.58 |
-0.75% |
+2.77% |
| Biotech |
$BTK |
4,157.52 |
+56.00 |
+1.37% |
+20.89% |
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Wedged to New Highs Without Forming a Proper New Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Apogee Enterprises (APOG -$1.58 or -2.84% to $53.96) pulled back for a 2nd consecutive session, retreating from its 52-week high with losses on average volume. It has not formed a sound base, but stubbornly held its ground while wedging higher in recent weeks. Its 50-day moving average (DMA) line and prior highs define important support to watch on pullbacks. It was last shown in this FSU section on 5/05/15 with annotated graphs under the headline, " Perched Near Its All-Time High, Extended From Prior Base".
APOG was highlighted in yellow with pivot point cited based on its 2/26/15 high plus 10 cents in the 4/09/15 mid-day report (read here). It gapped up hitting new 52-week highs (N criteria), then finished the session well above its pivot point, clinching a technical buy signal with 8 times its average daily volume behind the big gain.
Quarterly earnings rose +80%, 50%, +67%, +42%, and 74% in the Feb, May, Aug, Nov '14 and Feb '15 quarterly comparisons, respectively, consistently well above the +25% minimum guideline (C criteria) in the 5 latest quarterly comparisons. Following a downturn and losses for FY '11 it has been showing better annual earnings (A criteria) growth. The Bldg- Constr Prds/Misc group has shown leadership (L criteria) and has a 94 Group Relative Strength Rating.
The number of top-rated funds owning its shares rose from 272 in Jun '14 to 346 in Mar '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is also an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 27.7 million shares (S criteria) in the publicly traded flat 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 |
GSBC
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$39.74
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-0.39
-0.97% |
$40.29
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21,641
69.81% of 50 DAV
50 DAV is 31,000
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$41.41
-4.03%
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4/27/2015
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$40.94
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PP = $40.54
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MB = $42.57
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Most Recent Note - 5/20/2015 7:11:46 PM
Y - Quietly consolidating above its 50 DMA line. Recent lows ($38.00 on 5/06/15) define the next important support where a violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Reassuring Support at 50-Day Moving Average Line - 5/14/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A N
S L
I M |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$68.74
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-0.02
-0.03% |
$68.86
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221,024
50.23% of 50 DAV
50 DAV is 440,000
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$70.49
-2.48%
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5/18/2015
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$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 5/18/2015 12:18:08 PM
Y - Color code is changed to yellow with new pivot point based in its 4/13/15 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or ad-on) technical buy signal. Found support last week while consolidating above its 50 DMA line and above prior lows defining near-term support. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 5/15/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A N
S L
I M |
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$152.02
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-1.44
-0.94% |
$153.73
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471,751
88.01% of 50 DAV
50 DAV is 536,000
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$165.67
-8.24%
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5/1/2015
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$155.23
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PP = $160.50
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MB = $168.53
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Most Recent Note - 5/18/2015 6:32:13 PM
G - Still sputtering near its 50 DMA line, and its Relative Strength rating has slumped below the 80+ minimum guideline. 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell While Consolidating Near 50-Day Average - 5/18/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A N
S L
I M |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$228.47
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+0.82
0.36% |
$229.63
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1,360,291
65.12% of 50 DAV
50 DAV is 2,089,000
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$228.49
-0.01%
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1/5/2015
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$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 5/19/2015 3:49:33 PM
G - Wedging higher with today's 4th consecutive small gain lacking great volume conviction. 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 |
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SEC
News |
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C
A N
S L
I M |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$102.88
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+0.09
0.09% |
$103.94
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1,745,378
55.94% of 50 DAV
50 DAV is 3,120,000
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$108.50
-5.18%
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4/15/2015
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$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 5/18/2015 6:34:53 PM
Y - Still quietly consolidating just above its 50 DMA line. 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 |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
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$103.74
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-0.26
-0.25% |
$105.15
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2,680,205
55.44% of 50 DAV
50 DAV is 4,834,000
|
$105.99
-2.13%
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5/1/2015
|
$97.51
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PP = $102.87
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MB = $108.01
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Most Recent Note - 5/19/2015 6:11:04 PM
Y - Hit new 52-week highs with 2 consecutive gains lacking great volume conviction. Recently found support near its 50 DMA line while building on a riskier "late-stage" base pattern. Gains backed by at least +40% above average volume while rallying above the pivot point may trigger a technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A N
S L
I M |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$86.25
|
+2.67
3.19% |
$86.75
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1,744,357
136.28% of 50 DAV
50 DAV is 1,280,000
|
$84.48
2.10%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
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MB = $81.36
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Most Recent Note - 5/19/2015 3:46:22 PM
G - Hitting another new all-time high today and its color code is changed to green after rallying above its "max buy" level, getting extended from its prior base. Prior highs in the $77 area define initial support to watch on pullbacks.
>>> 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 |
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C
A N
S L
I M |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$76.91
|
-0.39
-0.50% |
$77.49
|
868,222
60.08% of 50 DAV
50 DAV is 1,445,000
|
$78.44
-1.95%
|
4/20/2015
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$73.53
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PP = $73.63
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MB = $77.31
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Most Recent Note - 5/20/2015 7:10:03 PM
G - Quietly consolidating near its 52-week high with volume-totals cooling. 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 |
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C
A N
S L
I M |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$53.96
|
-1.58
-2.84% |
$55.86
|
253,466
103.46% of 50 DAV
50 DAV is 245,000
|
$57.18
-5.63%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 5/20/2015 7:07:53 PM
G - Pulled back for a 2nd consecutive loss on average volume after wedging higher for new 52-week highs without forming a sound base. Its 50 DMA line and prior highs define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedged to New Highs Without Forming a Proper New Base - 5/20/2015 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A N
S L
I M |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$172.84
|
+2.55
1.50% |
$173.91
|
373,325
126.98% of 50 DAV
50 DAV is 294,000
|
$174.83
-1.14%
|
2/3/2015
|
$156.95
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PP = $154.66
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MB = $162.39
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Most Recent Note - 5/19/2015 3:54:47 PM
G - Color code is changed to green while consolidating well above its 50 DMA line. It has not formed a sound new base yet it is perched within close striking distance of a best-ever close. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Rebounded Near 50 Day Moving Average Line - 5/13/2015 |
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$158.52
|
+0.19
0.12% |
$160.00
|
941,887
79.75% of 50 DAV
50 DAV is 1,181,000
|
$159.98
-0.91%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
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Most Recent Note - 5/20/2015 7:14:42 PM
G - Color code is changed to green after its 5th consecutive small gain with below average volume, wedging above its "max buy" level. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 |
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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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