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AFTER MARKET UPDATE - THURSDAY, JUNE 4TH, 2015
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DOW |
-170.69 |
17,905.58 |
-0.94% |
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Volume |
711,903,980 |
+7% |
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Volume |
1,705,284,670 |
+1% |
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NASDAQ |
-40.11 |
5,059.12 |
-0.79% |
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Advancers |
679 |
21% |
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Advancers |
773 |
26% |
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S&P 500 |
-18.23 |
2,095.84 |
-0.86% |
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Decliners |
2,391 |
75% |
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Decliners |
2,159 |
72% |
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Russell 2000 |
-13.30 |
1,251.29 |
-1.05% |
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52 Wk Highs |
37 |
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52 Wk Highs |
89 |
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S&P 600 |
-7.07 |
717.58 |
-0.98% |
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52 Wk Lows |
85 |
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52 Wk Lows |
37 |
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Breadth Negative as Major Averages Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Thursday. The Dow lost 170 points to 17905. The NASDAQ fell 40 points to 5059. Volume totals were higher than the prior session totals on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by about 3-1 on the NYSE and on the Nasdaq exchange. There were 27 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 69 stocks. New 52-week lows outnumbered new 52-week highs on the NYSE, yet new 52-week highs outnumbered new lows on the Nasdaq exchange. There were gains for 4 of the 14 high-ranked companies currently on the Featured Stocks Page.
The increase in healthy leadership (more stocks hitting new 52-week highs) on Wednesday's session had provided fresh and reassuring proof that investors have a favorable market environment (M criteria). The fact-based investment system encourages only buying stocks meeting all of the key fundamental and technical criteria.
 PICTURED: The S&P 500 Index violated its 50-day moving average (DMA) line with a loss on higher volume as it declined 18 points to 2095.
The major averages retreated amid a continued Greek debt impasse and commodity price weakness. While European creditors formed a proposal to unlock needed funds for Greece, Prime Minister Tsipras decided it was not to his liking. Falling commodity prices weighed on energy and materials stocks. Exxon Mobil (XOM -0.86%) fell and a selloff in base metals left Freeport McMoRan (FCX - 1.76%) lower.
At the close, all 10 S&P 500 sectors were in negative territory. Industrials were weighed down by Boeing (BA -1.82%). Banks suffered from the potential for interest rate increase delays, leaving Bank of America (BAC -0.89%) lower. M&A was a relative bright spot. T-Mobile (TMUS +2.64%) and Dish (DISH +4.86%) both rose on reports of a merger.
In economic data, jobless claims last week declined 8,000 to 276,000, and a gauge of job cuts tumbled 22.5% year-over-year.
Treasuries erased losses and climbed after IMF suggestions to postpone Fed rate hikes until 2016. The 10-year note advanced 17/32 to yield 2.31%.
Commodities were broadly weaker. WTI crude slumped 2.7% to $58.04/barrel ahead of OPEC’s meeting in Vienna tomorrow. COMEX gold retreated 0.7% to $1176.10/ounce. In FOREX, the Dollar Index gained 0.3% with the euro off 0.3% to $1.1242/EUR and the yen 0.1% weaker to ¥124.35/USD.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Retail, Financial and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Weakness in the Retail Index ($RLX -0.77%) and financials weighed on the major averages as the Bank Index ($BKX -0.84%) and the Broker/Dealer Index ($XBD -0.40%) finished Thursday's session lower. The tech sector saw unanimous losses for the Semiconductor Index ($SOX-0.94%), Networking Index ($NWX -0.97%), and the Biotechnology Index ($BTK -1.16%). Commodity-linked groups also had a negative bias as the Oil Services Index ($OSX -1.38%), Integrated Oil Index ($XOI -1.28%), and the Gold & Silver Index ($XAU -0.89%) were lower.
Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX -1.38%) is trading below its 50-day and 200-day moving average (DMA) lines which recently had a bearish convergence and crossover. The fact-based investment system requires investors to focus on only buying stocks from leading industry groups (L criteria), and never to speculate on stocks in industry groups which are currently out of favor in the marketplace.
| Oil Services |
$OSX |
207.98 |
-2.91 |
-1.38% |
-1.37% |
| Integrated Oil |
$XOI |
1,318.14 |
-17.07 |
-1.28% |
-2.22% |
| Semiconductor |
$SOX |
725.81 |
-6.89 |
-0.94% |
+5.67% |
| Networking |
$NWX |
391.36 |
-3.85 |
-0.97% |
+9.34% |
| Broker/Dealer |
$XBD |
197.07 |
-0.78 |
-0.40% |
+6.73% |
| Retail |
$RLX |
1,141.36 |
-8.87 |
-0.77% |
+10.52% |
| Gold & Silver |
$XAU |
68.63 |
-0.62 |
-0.90% |
-0.22% |
| Bank |
$BKX |
76.25 |
-0.65 |
-0.85% |
+2.68% |
| Biotech |
$BTK |
4,098.22 |
-48.28 |
-1.16% |
+19.17% |
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Forming New Base and No Resistance Remains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Jones Lang Lasalle Inc (JLL +$0.59 or +0.34% to $172.34) is holding its ground perched at its 52-week high but making limited headway above prior highs while recently churning above average volume. A new pivot point is cited based on its 4/28/15 high after building a short flat base. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal.
No resistance remains due to overhead supply. It rebounded impressively since last shown in this FSU section on 4/24/15 with annotated graphs under the headline, "Rebounded Near 50 Day Moving Average Line". A 50-day moving average (DMA) line violation had triggered a technical sell signa, but it halted its slide and rebounded. It has 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."
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). The number of top-rated funds owning its shares rose from 513 in Mar '14 to 682 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 |
GSBC
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$39.48
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-0.53
-1.32% |
$40.13
|
17,857
55.80% of 50 DAV
50 DAV is 32,000
|
$41.41
-4.66%
|
4/27/2015
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$40.94
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PP = $40.54
|
|
MB = $42.57
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Most Recent Note - 6/2/2015 6:13:52 PM
Y - Still quietly finding support above its 50 DMA line ($39.25). 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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$71.25
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-0.19
-0.27% |
$72.13
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263,539
56.43% of 50 DAV
50 DAV is 467,000
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$73.38
-2.90%
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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
|
$232.88
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-6.56
-2.74% |
$239.00
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1,341,810
78.65% of 50 DAV
50 DAV is 1,706,000
|
$246.01
-5.34%
|
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 - 6/4/2015 7:18:32 PM
G - Pulling back after getting 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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$141.20
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-1.86
-1.30% |
$143.44
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2,801,484
89.39% of 50 DAV
50 DAV is 3,134,000
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$150.50
-6.18%
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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
|
$106.74
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-1.49
-1.38% |
$108.65
|
2,907,538
93.16% of 50 DAV
50 DAV is 3,121,000
|
$114.00
-6.37%
|
4/15/2015
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$100.75
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PP = $108.60
|
|
MB = $114.03
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Most Recent Note - 6/3/2015 9:27:59 PM
Y - Pulled back on near average volume today for a 3rd consecutive loss and it finished near the session low. 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 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
|
$105.62
|
+0.23
0.22% |
$106.95
|
3,654,300
93.58% of 50 DAV
50 DAV is 3,905,000
|
$111.60
-5.36%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 6/3/2015 9:24:20 PM
G - Pulled back today on higher (near average) volume. Gains lacked volume after it found support near its 50 DMA line and wedged higher from a riskier "late-stage" base pattern. Prior highs in the $102 area define initial support to watch on pullbacks.
>>> 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
|
$100.37
|
+4.71
4.92% |
$100.84
|
4,086,851
267.46% of 50 DAV
50 DAV is 1,528,000
|
$99.08
1.30%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/4/2015 7:19:47 PM
G - Hit yet another new all-time high today while adding to an impressive spurt of volume-driven gains. Disciplined investors avoid chasing extended stocks. Prior highs in the $77 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Spurt of Volume-Driven Gains - 6/2/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$71.21
|
-1.17
-1.62% |
$72.36
|
468,293
81.02% of 50 DAV
50 DAV is 578,000
|
$75.46
-5.63%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/2/2015 6:22:57 PM
Y - Still perched within close striking distance of 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. The 50 DMA line ($71.04) defines important near-term support to watch.
>>> 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
|
$75.14
|
-0.88
-1.16% |
$75.97
|
1,067,789
75.78% of 50 DAV
50 DAV is 1,409,000
|
$78.44
-4.21%
|
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
|
$55.48
|
-0.43
-0.77% |
$55.91
|
117,355
48.70% of 50 DAV
50 DAV is 241,000
|
$57.18
-2.97%
|
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
|
$172.34
|
+0.59
0.34% |
$172.89
|
479,055
140.07% of 50 DAV
50 DAV is 342,000
|
$174.83
-1.42%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 6/4/2015 7:17:21 PM
Y - Color code is change to yellow with a new pivot point cited based on its 4/28/15 high plus 10 cents. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. No resistance remains due to overhead supply. 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 : Forming New Base and No Resistance Remains - 6/4/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$155.90
|
-0.36
-0.23% |
$157.50
|
816,591
111.56% of 50 DAV
50 DAV is 732,000
|
$159.85
-2.47%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/2/2015 1:03:26 PM
Y - Perched within close striking distance of its 52-week high, holding its ground stubbornly following a "negative reversal" on 5/29/15, finding support near its 50 DMA line. 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
|
$55.36
|
+0.36
0.65% |
$55.87
|
393,079
223.34% of 50 DAV
50 DAV is 176,000
|
$57.30
-3.39%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/4/2015 7:22:27 PM
Y - Posted a 7th consecutive gain today with ever-increasing and above average volume, finishing less than 1 point away from its best-ever close. Volume-driven gains above the pivot point are still 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.
>>> FEATURED STOCK ARTICLE : Gains For News Highs Still Needed to Trigger Technical Buy Signal - 5/26/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$168.75
|
-0.44
-0.26% |
$169.84
|
1,243,983
93.67% of 50 DAV
50 DAV is 1,328,000
|
$172.00
-1.89%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/3/2015 9:26:07 PM
G - Extended from prior highs in the $158 area defining initial support above the 50 DMA line. See the latest FSU analysis for more details and annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly at All-Time Highs Following +123% Rally - 6/3/2015 |
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A
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I |
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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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