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AFTER MARKET UPDATE - MONDAY, JUNE 1ST, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+29.69 |
18,040.37 |
+0.16% |
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Volume |
664,729,880 |
-43% |
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Volume |
1,766,798,270 |
-1% |
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NASDAQ |
+12.90 |
5,082.93 |
+0.25% |
|
Advancers |
1,637 |
51% |
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Advancers |
1,431 |
48% |
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S&P 500 |
+4.34 |
2,111.73 |
+0.21% |
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Decliners |
1,428 |
45% |
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Decliners |
1,437 |
48% |
|
Russell 2000 |
+3.08 |
1,249.62 |
+0.25% |
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52 Wk Highs |
67 |
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52 Wk Highs |
103 |
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S&P 600 |
-5.17 |
715.27 |
-0.72% |
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52 Wk Lows |
66 |
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52 Wk Lows |
50 |
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Breadth Mixed as Major Averages Posted Small Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Monday, the Dow gained 30 points to 18040. The S&P 500 added 4 points to 2111. The NASDAQ Composite finished 13 points higher at 5082. The volume totals were lighter than the prior session totals on the Nasdaq exchange and on the NYSE. Breadth was slightly positive as advancers led decliners by 8-7 on the NYSE while the mix was even on the Nasdaq exchange. There were 38 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 28 stocks. New 52-week highs outnumbered new 52-week lows on the Nasdaq and on the NYSE. There were gains for 8 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, stocks have endured distributional pressure after making little headway following the bullish action on 5/14/15 which met the definition of a "follow-through day". Investors still have a favorable market environment for buying stocks meeting all of the key fundamental and technical criteria, however, any sustained rally requires healthy leadership (more stocks hitting new 52-week highs).
 PICTURED: The S&P 500 Index is consolidating above its 50-day moving average (DMA) line near its all-time high
The major averages ended the first day of June in positive territory as investors weighed mixed economic data. Readings on manufacturing showed activity expanded at a faster-than-expected pace in May. A separate release revealed construction spending grew 2.2% in April versus a projected 0.8% gain. Personal spending was flat in April despite incomes increasing 0.4%.
Tech and industrials contributed the most to today’s advance. Shares of Altera (ALTR +5.79%) as Intel (INTC -1.61%) formally announced a $16.7 billion bid to buy the chipmaker. Microsoft (MSFT +0.79%) after announcing it would launch its newest Windows operating system at the end of July. Airlines rebounded from their recent weakness to lift the industrials. American Airlines (AAL +4.27%), Delta (DAL +3.33%) and Southwest (LUV +2.37%) posted unanimous gains. Energy was a drag as oil ended a volatile session little changed. Transocean (RIG -1.43%) and Murphy Oil (MUR -2.16%) both ended lower.
Treasuries retreated following the encouraging updates on construction and manufacturing. Benchmark 10-year notes fell 17/32 to yield 2.18%. In commodities, NYMEX crude edged down less than 0.1% to $60.31/barrel. COMEX gold was 0.1% lower at $1188.30/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Broker/Dealer Indexes Helped With Positive Bias
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.24%) and Broker/Dealer Index ($XBD +0.35%) helped give the major averages a boost as both had a slightly positive bias on Monday, meanwhile the Bank Index ($BKX -0.38%) edged lower. The Semiconductor Index ($SOX+0.09%) finished flat while the Networking Index ($NWX -0.30%) and the Biotechnology Index ($BTK -0.31%) both ended slightly lower. Commodity-linked groups also had a slightly negative bias as the Oil Services Index ($OSX -0.71%), Integrated Oil Index ($XOI -0.37%), and the Gold & Silver Index ($XAU -0.59%) each edged lower.
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +0.35%) is perched at all-time highs. It found support at its 50-day moving average (DMA) line throughout its ongoing advance.
| Oil Services |
$OSX |
208.03 |
-1.49 |
-0.71% |
-1.35% |
| Integrated Oil |
$XOI |
1,335.04 |
-4.97 |
-0.37% |
-0.97% |
| Semiconductor |
$SOX |
746.08 |
+0.67 |
+0.09% |
+8.62% |
| Networking |
$NWX |
391.43 |
-1.17 |
-0.30% |
+9.36% |
| Broker/Dealer |
$XBD |
193.89 |
+0.68 |
+0.35% |
+5.01% |
| Retail |
$RLX |
1,135.42 |
+2.77 |
+0.24% |
+9.94% |
| Gold & Silver |
$XAU |
69.29 |
-0.41 |
-0.59% |
+0.74% |
| Bank |
$BKX |
75.23 |
-0.28 |
-0.37% |
+1.31% |
| Biotech |
$BTK |
4,143.16 |
-12.79 |
-0.31% |
+20.47% |
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Quietly Perched at All-Time High Following Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Nxp Semiconductors N V (NXPI -$0.27 or -0.24% to $111.98) touched a new high today but reversed into the red for a small loss on light volume. It triggered a technical buy signal last week as it rallied into new high territory with 3 consecutive volume-driven gains. No overhead supply remains to act as resistance. On pullbacks its 50-day moving average (DMA) line ($101.93) defines important near-term chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
It has reported earnings +36%, +54%, +59%, +36%, and +38% for the Mar, Jun, Sep, Dec '14, and Mar '15 quarters, respectively, versus the year ago periods. The strong and steady earnings above the +25% minimum guideline satisfy the C criteria. Sales revenues rose +15%, +14%, +21%, +19%, and +18% during that same span of time. Its annual earnings (A criteria) history is a good match the investment system guidelines. NXPI was last shown in this FSU section on 5/08/15 with annotated graphs under the headline, "Rallied Toward Prior Highs Following Earnings News". On 3/02/15 it gapped up for a considerable gain and new all-time high on news it was to acquire Freescale Semiconductor Inc (FSL) in an $11.8 Billion deal. During the consolidation that followed a new pivot point was cited, but it briefly undercut its 50 DMA line and took several weeks to finally overcome all resistance due to overheard supply. The weekly chart covering a 2-year period shows earlier pivot points that were identified. It traded up as much as +49.15% since highlighted in yellow at $76.43 with a pivot point based on its 11/28/14 high plus 10 cents in the 1/05/15 mid-day report (read here). There had been an abrupt pullback and impressive rebound after an earlier breakout. The number of top-rated funds owning its shares rose from 683 in Mar '14 to 1,027 in Mar '15, a reassuring sign concerning the I criteria. The Elec - Semicondctor Fablss group has a high 98 Group Relative Strength Rating and leadership from others in the industry group is a reassuring sign concerning the L criteria. It completed a Secondary Offering on 5/14/14 and earlier Secondary Offerings on 2/04/13, 3/08/13, 9/13/13, and 12/10/13.
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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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$39.42
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-0.04
-0.10% |
$39.85
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31,245
97.64% of 50 DAV
50 DAV is 32,000
|
$41.41
-4.81%
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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 - 5/27/2015 6:36:50 PM
Y - Found support today while consolidating near its 50 DMA line ($39.20). 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 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$71.69
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-0.22
-0.31% |
$73.38
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642,956
137.97% of 50 DAV
50 DAV is 466,000
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$73.11
-1.94%
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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 - 6/1/2015 12:48:47 PM
Y - Touched another new 52-week high today yet it remains below its "max buy level. Gains last week above its pivot point triggered a new (or add-on) technical buy signal. Important support is defined by its 50 DMA line ($66.15) where more damaging losses would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 5/15/2015 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$239.36
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+0.59
0.25% |
$240.00
|
1,223,126
71.36% of 50 DAV
50 DAV is 1,714,000
|
$246.01
-2.70%
|
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 - 5/28/2015 1:30:00 PM
G - Hitting yet another new all-time high today, getting very extended from prior highs. 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 : Very Extended Following 7 Consecutive Gains - 5/22/2015 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$146.62
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-1.45
-0.98% |
$150.50
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8,353,754
275.61% of 50 DAV
50 DAV is 3,031,000
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$149.24
-1.76%
|
5/28/2015
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$141.06
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PP = $136.38
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MB = $143.20
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Most Recent Note - 6/1/2015 12:26:28 PM
G - Reversed into the red after hitting yet another new high today. Prior highs in the $136 area define initial support to watch on pullbacks. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Strong Sales and Earnings Acceleration For Tech Leader - 5/28/2015 |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$111.98
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-0.27
-0.24% |
$114.00
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2,720,290
87.27% of 50 DAV
50 DAV is 3,117,000
|
$112.81
-0.74%
|
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 - 6/1/2015 5:18:39 PM
Y - Reversed into the red today for a loss on lighter volume after 3 consecutive volume-driven gains. No overhead supply remains to act as resistance. Its 50 DMA line and recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Quietly Perched at All-Time High Following Volume-Driven Gains - 6/1/2015 |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$109.45
|
+0.09
0.08% |
$111.60
|
2,939,914
74.20% of 50 DAV
50 DAV is 3,962,000
|
$110.39
-0.85%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 5/27/2015 6:26:11 PM
G - Finished strong and above its "max buy" level but volume was only +20% above average behind today's gain for a new 52-week high. Color code is changed to green. Recent gains lacked volume after it 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.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$94.52
|
+4.31
4.78% |
$95.67
|
3,294,739
246.80% of 50 DAV
50 DAV is 1,335,000
|
$91.84
2.92%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
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Most Recent Note - 6/1/2015 12:16:40 PM
G - Hitting yet another new all-time high today while adding to an impressive spurt of volume-driven gains, getting more extended from its prior base. Disciplined investors avoid chasing extended stocks. 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 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$73.50
|
-0.64
-0.86% |
$74.88
|
579,243
100.74% of 50 DAV
50 DAV is 575,000
|
$75.46
-2.60%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 5/29/2015 5:59:46 PM
Y - Today's gain on +120% above average volume left it still finishing below the new pivot point cited based on its 4/13/15 high. A strong gain above the pivot point with at least +40% above average volume is needed to trigger a proper technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Finished Below Pivot Point Despite Big Volume-Driven Gain and New 52-Week High - 5/27/2015 |
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C
A
S
I |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$75.23
|
-1.04
-1.36% |
$76.50
|
2,269,453
163.86% of 50 DAV
50 DAV is 1,385,000
|
$78.44
-4.09%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
|
MB = $77.31
|
Most Recent Note - 6/1/2015 12:15:57 PM
G - Encountering more distributional pressure today and slumping toward its 50 DMA line ($74.32) where a damaging violation would trigger a technical sell signal. Prior reports cautioned - "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. 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."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Raised Recent Concerns - 5/21/2015 |
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C
A
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$55.24
|
+1.51
2.81% |
$55.34
|
173,615
72.04% of 50 DAV
50 DAV is 241,000
|
$57.18
-3.39%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/1/2015 3:52:12 PM
G - Posting a considerable gain without great volume conviction today. Recently wedged higher for new 52-week highs without forming a sound new base. Its 50 DMA line ($51.13) and prior highs define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Wedged to New Highs Without Forming a Proper New Base - 5/20/2015 |
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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 |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$173.72
|
+0.49
0.28% |
$174.09
|
500,936
146.90% of 50 DAV
50 DAV is 341,000
|
$174.83
-0.63%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 6/1/2015 12:54:41 PM
G - Perched at its 52-week high yet making limited headway above prior highs while churning above average volume. It did not form a sound new base, but little resistance remains due to overhead supply. 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
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$153.87
|
+1.25
0.82% |
$154.17
|
1,204,836
168.27% of 50 DAV
50 DAV is 716,000
|
$159.85
-3.74%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/1/2015 5:21:40 PM
Y - Today marked its 3rd gain with above average volume in the span of 4 sessions, however, there was a "negative reversal" on the prior session after touching a new 52-week high. Finding support near its 50 DMA line. It was highlighted in yellow with pivot point cited based on its 4/24/15 high plus 10 cents in the 5/29/15 mid-day report (read here). A volume-driven gain and close above its pivot point may trigger a proper technical buy signal. Recent lows in the $149 area define near-term support. Reported Apr '15 quarterly earnings +35% on +22% sales revenues, and 3 of the past 4 quarterly comparisons have now been above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Negative Reversal Today After Touching New Highs - 5/29/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$53.91
|
+0.38
0.71% |
$54.19
|
162,330
93.83% of 50 DAV
50 DAV is 173,000
|
$57.30
-5.92%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 5/27/2015 6:35:23 PM
Y - Finished near the session high today and just above its 50 DMA line with a gain on lighter volume. Subsequent volume-driven gains above the pivot point are needed to trigger a proper technical buy signal. Reported earnings +28% on +29% sales revenues for the Mar '15 quarter, helping its quarterly and annual earnings history (C and A criteria) better match the guidelines of the fact-based investment system. Made gradual progress following the previously noted "breakaway gap" on 2/12/15. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Gains For News Highs Still Needed to Trigger Technical Buy Signal - 5/26/2015 |
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A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$170.50
|
+1.01
0.60% |
$172.00
|
1,912,496
144.67% of 50 DAV
50 DAV is 1,322,000
|
$169.84
0.39%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/1/2015 1:06:20 PM
G - Hit another new high with today's 3rd consecutive gain. It is extended from its prior base and disciplined investors avoid chasing stocks more than +5% above their pivot point or prior highs. Prior highs in the $158 area define initial support above the 50 DMA line, where subsequent violations would raise concerns and 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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A
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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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You may opt-out of receiving report notifications
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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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