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AFTER MARKET UPDATE - FRIDAY, JUNE 5TH, 2015
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Indices NYSE Nasdaq
DOW  -56.12 17,849.46 -0.31% Volume 766,011,590 +8% Volume 1,718,832,130 +1%
NASDAQ +9.34 5,068.46 +0.18% Advancers 1,435 45% Advancers 1,789 62%
S&P 500 -3.01 2,092.83 -0.14% Decliners 1,643 52% Decliners 1,016 35%
Russell 2000 +9.72 1,261.01 +0.78% 52 Wk Highs 59   52 Wk Highs 114  
S&P 600 +4.54 722.12 +0.63% 52 Wk Lows 160   52 Wk Lows 47  

Nasdaq Exchange Showed Positive Bias While NYSE Was Negative

For the week, the Dow was down -0.9% and the S&P 500 fell -0.7%. The NASDAQ was essentially flat declining less than -0.1%. Volume totals on Friday were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by an 8-7 margin on the NYSE, yet advancers led decliners by a 9-5 margin on the Nasdaq exchange. There were 46 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 27 stocks. The new 52-week lows list swelled and outnumbered new 52-week highs on the NYSE, meanwhile, the new 52-week highs list expanded and outnumbered new lows on the Nasdaq exchange. There were gains for 12 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 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.

Charts courtesy www.stockcharts.com
PICTURED: The Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line. 

Stocks ended a choppy session mixed on Friday. The Dow fell 56 points to 17849. The S&P 500 slipped 3 points to 2092. The NASDAQ Composite rose 9 points to 5068.

The major averages finished broadly lower as investors took a positive employment report as an indication the Fed may begin raising interest rates later this year. Nonfarm payrolls rose 280,000 in May, topping a projected 226,000 increase. The unemployment rate edged up to 5.5% from 5.4% while participation and hourly wages improved modestly last month. Market action was also attributed to Greece deferring a debt payment to the IMF as talks with creditors stalled.

Telecom and utilities were down the most on the session as AT&T Inc (T -1.98%) and Edison International (EIX -1.97%) both fell. Energy and financials were the best performing sectors. Transocean (RIG +3.34%) rose as oil prices recovered from a pullback on OPEC maintaining its production levels. Citigroup (C +1.64%) also rose.

Treasuries declined following the encouraging update on the labor market. The benchmark 10-year was down 27/32 to yielding 2.41%.

In commodities, NYMEX crude was up 1.4% at $58.83/barrel. COMEX gold slid 0.6% to $1167.80/ounce.

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.

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.


Financial, Energy,and Tech Groups Rose

The Broker/Dealer Index ($XBD +1.17%) and the Bank Index ($BKX +1.75%) both posted gains and had a positive influence on the major averages, meanwhile the Retail Index ($RLX -0.51%) ended modestly lower. The Networking Index ($NWX +0.44%), Biotechnology Index ($BTK+0.87%) both rose, but the Semiconductor Index ($SOX +0.07) finished flat. Energy-linked groups had a positive bias as the Oil Services Index ($OSX +1.66%) and Integrated Oil Index ($XOI +0.58%) traded higher.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -1.34%) ended lower for a 3rd consecutive session. Its met resistance at its 200-day moving average when trying to rebound in May, and it met resistance recently at its 50 DMA line when trying to rebound before slumping further toward prior lows. This argues that very few gold and silver producers' stocks have been doing well in recent weeks. 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. 

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  211.44 +3.46 +1.66% +0.27%
Integrated Oil $XOI  1,325.73 +7.59 +0.58% -1.66%
Semiconductor $SOX  726.29 +0.48 +0.07% +5.74%
Networking $NWX  393.09 +1.72 +0.44% +9.82%
Broker/Dealer $XBD  199.37 +2.30 +1.17% +7.98%
Retail $RLX  1,135.50 -5.86 -0.51% +9.95%
Gold & Silver $XAU  67.72 -0.91 -1.33% -1.54%
Bank $BKX  77.59 +1.34 +1.76% +4.48%
Biotech $BTK  4,134.04 +35.82 +0.87% +20.21%


Volume Totals Cooling While Consolidating After Breakout

Epam Systems Inc (EPAM +$.025 or +0.35% to $71.50) has seen volume totals cooling while stubbornly holding its ground near its 52-week high. That is a sign that few investors have headed for the exit following its recent technical breakout, meanwhile, it remains below its "max buy level.

A big gain on 5/28/15 backed by +117% above average volume as it rallied above its pivot point triggered a new (or add-on) technical buy signal. Three pivot points were identified this year thus far, and the most recent was cited on 5/18/15 based on its 4/13/15 high plus 10 cents. Prior highs in the $70 area define initial support. The next important support is defined by its 50-day moving average DMA line ($66.93). Damaging losses leading to violations would raise greater concerns and trigger a technical sell signal.

The high-ranked Computer - Tech Services firm was last shown in this FSU section on 5/15/15 with annotated graphs under the headline, "Consolidating Above Support at Prior Highs and 50-Day Moving Average".  Fundamentally it is strong, with a 95 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates.

It reported earnings +33%, +40%, +29%, and +30% in the Jun, Sep, Dec '14 and Mar '15 quarterly comparisons versus the year ago periods, respectively. Sales revenues rose +31%, +38%, +28%  and +25% during that span. Its streak of 6 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong. Its Relative Strength rating of 96 is now well above the 80+ minimum guideline for buy candidates.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its Up/Down Volume ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 349 Mar '15, a reassuring sign concerning the I criteria. Its small supply of only 37.2 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling.

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  
$40.00 +0.52
1.32%

$40.00

21,396
69.02% of 50 DAV
50 DAV is 31,000
$41.41
-3.40%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$71.50 +0.25
0.35%

$71.89

318,696
68.24% of 50 DAV
50 DAV is 467,000
$73.38
-2.56%
5/18/2015 $67.42 PP = $70.59
MB = $74.12
Most Recent Note - 6/5/2015 5:47:03 PM
Y - Volume totals have been cooling while holding its ground following 5/28/15 gains that triggered a technical buy signal. Important support is defined by its 50 DMA line ($66.93) where more damaging losses would raise greater concerns and trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating After Breakout - 6/5/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$235.41 +2.53
1.09%

$235.51

1,094,727
64.09% of 50 DAV
50 DAV is 1,708,000
$246.01
-4.31%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AVGO - NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line  
$143.81 +2.61
1.85%

$144.04

3,761,485
119.83% of 50 DAV
50 DAV is 3,139,000
$150.50
-4.45%
5/28/2015 $141.06 PP = $136.38
MB = $143.20
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$106.98 +0.24
0.22%

$107.65

2,272,983
72.97% of 50 DAV
50 DAV is 3,115,000
$114.00
-6.16%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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  
$105.74 +0.12
0.11%

$106.09

3,525,711
90.26% of 50 DAV
50 DAV is 3,906,000
$111.60
-5.25%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$103.33 +2.96
2.95%

$104.12

2,998,137
188.44% of 50 DAV
50 DAV is 1,591,000
$100.84
2.47%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 6/5/2015 12:07:37 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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ACHC - NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services  
$72.43 +1.22
1.71%

$72.61

313,172
53.90% of 50 DAV
50 DAV is 581,000
$75.46
-4.02%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$75.24 +0.10
0.13%

$75.37

1,792,295
126.93% of 50 DAV
50 DAV is 1,412,000
$78.44
-4.08%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$55.48 +0.00
0.00%

$55.98

117,924
48.93% 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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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  
$170.82 -1.52
-0.88%

$172.19

292,297
84.72% of 50 DAV
50 DAV is 345,000
$174.83
-2.29%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$156.28 +0.38
0.24%

$157.18

682,019
92.54% of 50 DAV
50 DAV is 737,000
$159.85
-2.23%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LXFT - NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs  
$57.06 +1.70
3.07%

$58.46

394,612
219.23% of 50 DAV
50 DAV is 180,000
$57.30
-0.42%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 6/5/2015 5:43:51 PM
Y - Hit a new 52-week high with today's 8th consecutive gain on ever-increasing and above average volume. However, it finished the session below its pivot point, a sign that it was encountering some distributional pressure. More convincing gains above the pivot point are needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Gains For News Highs Still Needed to Trigger Technical Buy Signal - 5/26/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$173.59 +4.84
2.87%

$173.98

2,423,719
181.96% of 50 DAV
50 DAV is 1,332,000
$172.00
0.92%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 6/5/2015 12:48:13 PM
G - Hitting yet another new high today, getting very extended from any sound base. Prior highs in the $158 area define initial support above its 50 DMA line ($153.11) where subsequent violations would raise concerns and trigger technical sell signals. 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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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