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AFTER MARKET UPDATE - THURSDAY, JUNE 11TH, 2015
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Indices NYSE Nasdaq
DOW  +38.97 18,039.37 +0.22% Volume 771,098,050 +1% Volume 1,490,197,880 -9%
NASDAQ +5.82 5,082.51 +0.11% Advancers 1,881 59% Advancers 1,447 49%
S&P 500 +3.66 2,108.86 +0.17% Decliners 1,216 38% Decliners 1,387 47%
Russell 2000 +1.99 1,268.92 +0.16% 52 Wk Highs 106   52 Wk Highs 125  
S&P 600 -0.12 727.12 -0.02% 52 Wk Lows 89   52 Wk Lows 27  

Major Indices Posted Small Gains

Stocks finished higher on Thursday.  The S&P 500 added 3 points to 2108. The NASDAQ advanced 5 points to 5082. Volume totals were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE, meanwhile the mix was close to even on the Nasdaq exchange. There were 65 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 87 stocks. New 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 16 high-ranked companies currently on the Featured Stocks Page.

The increase in healthy leadership (more stocks hitting new 52-week highs) with higher volume totals on Wednesday 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 Dow Jones Industrial Average climbed 38 points to 18039, rebounding to its 50-day moving average (DMA) line.

The major averages gained as investors focused on positive economic data. While May’s retail sales showed good improvement over the prior month’s reading, jobless claims also managed to remain at a multi-year low. Overseas, Greece and its creditors came closer to a resolution, but still have yet to find common ground.

Seven of 10 S&P 500 sectors advanced. Health care and utilities were notable outperformers as Biogen (BIIB +1.30%) and Duke Energy (DUK +1.12%) posted gains. Merger speculation pushed CSX (CSX +2.94%) up for a second day. In tech companies, Citrix (CTXS +6.70%) rose on announcements that Elliott Management owned 7.1% of the company. Energy was a relative weak spot on OPEC over-production concerns. Negative analyst commentary compounded the fears, hurting Transocean (RIG -4.98%) and sending Chesapeake Energy (CHK -4.29%) to a six-year low.

Treasuries climbed after a multi-day rout in debt markets. The benchmark 10-year note rose 29/32 to yield 2.38%. Amid a well-received $13 billion auction of 30-year bonds, the security climbed over two full points to yield 3.10%.

Commodities were mostly lower amid dollar strength. WTI crude fell 1.2% to $60.69/barrel. COMEX gold declined 0.5% to $1179.90/ounce. The euro fell 0.5% to $1.1270/EUR and the yen weakened 0.6% to ¥123.35/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.


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.


Bank, Biotech Indexes Rose; Oil Services and Gold & Silver Fell

The Bank Index ($BKX +1.71%) had a positive influence on the major averages on Thursday while the Retail Index ($RLX +0.19%) and the Broker/Dealer Index ($XBD +0.09%) inched higher. The Biotechnology Index ($BTK+0.91%) led the tech sector, but the Networking Index ($NWX -0.31%) and the Semiconductor Index ($SOX -0.06%) inched lower. The Gold & Silver Index ($XAU -1.96%) and the Oil Services Index ($OSX -1.26%) fell while the Integrated Oil Index ($XOI +0.35%) eked out a small gain.

Charts courtesy www.stockcharts.com
 

PICTURED: The Bank Index ($BKX +1.71%) has made a sharp rally into new high territory in recent weeks. Financials are reliable leading indicators, so the strength bodes well for the broader market outlook.  Historically, the major averages have been most prone to severe downdrafts when financial shares were struggling.   

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  211.42 -2.70 -1.26% +0.26%
Integrated Oil $XOI  1,341.20 +4.69 +0.35% -0.51%
Semiconductor $SOX  720.53 -0.41 -0.06% +4.90%
Networking $NWX  393.94 -1.22 -0.31% +10.06%
Broker/Dealer $XBD  200.93 +0.18 +0.09% +8.82%
Retail $RLX  1,143.84 +2.15 +0.19% +10.76%
Gold & Silver $XAU  67.13 -1.34 -1.96% -2.40%
Bank $BKX  78.92 +1.33 +1.71% +8.11%
Biotech $BTK  4,151.14 +37.45 +0.91% +20.70%


Found Support After Wedging From Late Stage Base

Skyworks Solutions Inc (SWKS +$0.09 or +0.09% to $105.63) found prompt support at its 50-day moving average (DMA) line ($99.62) after briefly undercutting prior highs in the $102 area. The recent low ($98.07 on 6/09/15) and its 50 DMA line define important near-term support where damaging violations may trigger technical sell signals. The weekly chart below shows its considerable rally over the past 2 years. After building a riskier "late-stage" base pattern, it wedged higher.

SWKS was last shown in this FSU section on 5/19/15 with annotated graphs under the headline, "Gains for New Highs Lacked Substantial Volume Conviction". Without heavy volume behind a breakout, investors are missing the necessary proof of serious institutional buying demand capable of contributing to a considerable and sustained advance in price. Members were previously reminded - "Gains backed by at least +40% above average volume while rallying above the pivot point may trigger a technical buy signal." SWKS failed to trigger a proper technical buy signal since highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the 5/01/15 mid-day report (read here).

 It showed sales revenues increases of +35%, 51%, +59%, and +58% during the Jun, Sep, Dec '14, and Mar '15 quarterly comparisons, respectively. That is a reassuring sign of great demand for new products or services (N criteria). Meanwhile, earnings increases were +54%, +75%, +88%, and +85% during that same period. Quarterly comparisons have shown earnings well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong.

It has earned a Timeliness rating of A, and a Sponsorship rating of B. There are 187.3 million shares (S criteria) in the public float. The number of top-rated funds rose from 714 in Jun '14 to1095 in Mar '15, a reassuring sign concerning the I criteria. The Electronics - Semiconductor Manufacturing group has a Group Relative Strength Rating of 83, a reassuring sign concerning the L criteria.


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  
$40.57 -0.10
-0.25%

$40.96

15,012
48.43% of 50 DAV
50 DAV is 31,000
$41.41
-2.03%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 6/9/2015 5:40:29 PM
Y - Still finding support above its 50 DMA line ($39.39). Recent lows ($38.00 on 5/06/15) define the next important support where a violation would trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Still Finding Support at 50-Day Moving Average - 6/9/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
BOFI - NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans  
$99.83 -0.56
-0.56%

$101.31

123,636
72.73% of 50 DAV
50 DAV is 170,000
$102.16
-2.28%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 6/10/2015 5:50:36 PM
Y - It was highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the earlier mid-day report. Triggered a technical buy signal with a gain backed by +55% above average volume on the prior session. Rallying with no resistance remaining due to overhead supply. Reported earnings +35% on +41% sales revenues for the quarter ended March 31, 2015, and prior quarterly comparisons were above the +25% minimum guideline (C criteria). Following a downturn in its FY '11 earnings its annual earnings (A criteria) history has been strong. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Small Saving & Loan Shows More Signs of Accumulation - 6/10/2015
 |  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  
$70.09 -0.70
-0.99%

$71.00

240,210
51.22% of 50 DAV
50 DAV is 469,000
$73.38
-4.48%
5/18/2015 $67.42 PP = $70.59
MB = $74.12
Most Recent Note - 6/10/2015 5:55:20 PM
Y - Consolidating above prior highs in the $70 area, holding its ground with volume totals cooling. Important support is defined by its 50 DMA line ($67.45) where more damaging losses would raise greater concerns and trigger a technical sell signal.
>>> 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 
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$217.81 +2.36
1.10%

$219.09

967,763
76.44% of 50 DAV
50 DAV is 1,266,000
$216.90
0.42%
6/8/2015 $209.97 PP = $213.43
MB = $224.10
Most Recent Note - 6/9/2015 12:38:07 PM
Y - Hitting new highs with today's gain above its pivot point and no resistance remains due to overhead supply. Highlighted in yellow with new pivot point in the 6/08/15 mid-day report (read here). Gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Disciplined investors use a tactic called pyramiding which the fact-based system suggests to help investors to allow the market action to dictate their purchase decisions. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All-Time Highs - 6/8/2015
 |  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  
$233.87 +4.75
2.07%

$235.28

2,752,001
160.19% of 50 DAV
50 DAV is 1,718,000
$246.01
-4.93%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 6/11/2015 1:29:16 PM
G - Prior loss on higher volume was indicative of mild distributional pressure. Consolidating well above its 50 DMA line ($219.68) which defines near term support, and it has not formed a sound base.
>>> 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 
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
AVGO - NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line  
$141.99 -0.87
-0.61%

$143.26

3,138,457
97.38% of 50 DAV
50 DAV is 3,223,000
$150.50
-5.65%
5/28/2015 $141.06 PP = $136.38
MB = $143.20
Most Recent Note - 6/8/2015 1:22:17 PM
Y - Color code is changed to yellow while consolidating below its "max buy" level and above prior highs in the $136 area defining initial support to watch on pullbacks.
>>> 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  
$104.69 -0.62
-0.59%

$105.60

1,557,866
54.55% of 50 DAV
50 DAV is 2,856,000
$114.00
-8.17%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
Most Recent Note - 6/8/2015 1:27:57 PM
Y - It has slumped back below its old highs in the $108 area raising some concerns. 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.
>>> 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 
SWKS - NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir  
$105.63 +0.09
0.09%

$106.54

2,518,870
72.67% of 50 DAV
50 DAV is 3,466,000
$111.60
-5.35%
5/1/2015 $97.51 PP = $102.87
MB = $108.01
Most Recent Note - 6/11/2015 6:01:57 PM
Y - Found prompt support at its 50 DMA line ($99.62) after briefly undercutting prior highs in the $102 area. The recent low ($98.07 on 6/09/15) and its 50 DMA line define important near-term support where damaging violations may trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support After Wedging From Late Stage Base - 6/11/2015
 |  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  
$111.50 -1.44
-1.28%

$113.45

4,733,406
251.78% of 50 DAV
50 DAV is 1,880,000
$115.16
-3.18%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 6/11/2015 12:23:14 PM
G - Holding its ground perched near its all-time high following an impressive spurt of volume-driven gains having the look of a "climax run". Gains of greater than +20% in the first 2-3 weeks following its technical breakout suggest holding for a minimum of 8 week under the fact-based investment system's rules. Prior highs in the $77 area define 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  
$73.98 -0.53
-0.71%

$75.39

655,090
110.28% of 50 DAV
50 DAV is 594,000
$75.46
-1.96%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 6/10/2015 6:02:43 PM
Y - Posted a gain today on average volume for a best-ever close. Still needs a strong gain above the pivot point with at least +40% above average volume to trigger a proper technical buy signal.
>>> 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 
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
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$74.05 -0.56
-0.75%

$74.99

895,509
61.21% of 50 DAV
50 DAV is 1,463,000
$78.44
-5.60%
4/20/2015 $73.53 PP = $73.63
MB = $77.31
Most Recent Note - 6/10/2015 11:40:19 AM
G - Rebounding near its 50 DMA line with today's gain. A damaging loss on the prior session triggered a technical sell signal and prior reports repeatedly cautioned members - "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  
$56.63 -0.67
-1.17%

$57.77

118,481
51.07% of 50 DAV
50 DAV is 232,000
$58.09
-2.51%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 6/10/2015 11:31:48 AM
G - Considerable gain today challenging its 52-week high, but it has not formed a sound new base. Its 50 DMA line ($52.77) 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 
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$172.58 +3.50
2.07%

$172.58

322,567
94.04% of 50 DAV
50 DAV is 343,000
$174.83
-1.29%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 6/9/2015 5:43:03 PM
Y - Loss today on light volume led to a close just below its 50 DMA line ($168.19) raising some concerns. olor code was recently changed 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.
>>> 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  
$155.37 +0.39
0.25%

$156.46

404,157
54.32% of 50 DAV
50 DAV is 744,000
$159.85
-2.80%
5/29/2015 $155.03 PP = $159.07
MB = $167.02
Most Recent Note - 6/8/2015 5:51:55 PM
Y - Consolidating just -3.5% off its 52-week high, holding its ground stubbornly near its 50 DMA line following a "negative reversal" on 5/29/15. A volume-driven gain and close above its pivot point may trigger a proper technical buy signal.
>>> 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  
$57.11 +0.19
0.33%

$57.88

395,009
213.52% of 50 DAV
50 DAV is 185,000
$58.46
-2.31%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 6/11/2015 6:04:25 PM
Y - Posted a small gain with more than 2 times average volume today for its best-ever close. Still, Convincing gains and a strong close above the pivot point backed by at least +40% above average volume 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 
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  
$174.63 -0.04
-0.02%

$176.82

1,019,632
76.66% of 50 DAV
50 DAV is 1,330,000
$176.50
-1.06%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 6/10/2015 5:59:07 PM
G - Managed a best-ever close today with a gain on near average volume. It is very extended from any sound base. Prior highs in the $158 area define initial support above its 50 DMA line where subsequent violations would raise concerns and trigger technical sell signals.
>>> 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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