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AFTER MARKET UPDATE - MONDAY, JUNE 15TH, 2015
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Indices NYSE Nasdaq
DOW  -107.67 17,791.17 -0.60% Volume 716,792,120 +11% Volume 1,633,163,210 +23%
NASDAQ -21.13 5,029.97 -0.42% Advancers 1,094 34% Advancers 1,169 37%
S&P 500 -9.68 2,084.43 -0.46% Decliners 1,986 62% Decliners 1,875 60%
Russell 2000 -3.98 1,261.04 -0.31% 52 Wk Highs 49   52 Wk Highs 101  
S&P 600 -2.19 723.76 -0.30% 52 Wk Lows 118   52 Wk Lows 56  

Major Averages Endure More Distributional Pressure

Stocks finished lower on Monday’s session. The Dow fell 108 points to 17791. The S&P 500 lost 10 points to 2084. The NASDAQ Composite was down 21 points to 5029. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of more distributional pressure. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 35 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 29 stocks. New 52-week highs still outnumbered new 52-week lows on the Nasdaq exchange, but new lows outnumbered new highs on the NYSE. There were gains for only 5 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 Nasdaq Composite Index gapped down, yet it recovered and finished above its 50-day moving average (DMA) line and near the session highs.

The major averages declined amid concerns surrounding Greece after debt negotiations with its creditors broke down over the weekend. Today’s economic data on manufacturing provided a headwind. Industrial production fell 0.2% in May while activity in the New York region contracted in June. Investors also appeared cautious ahead of the start to the Fed’s two-day policy meeting tomorrow.

Nine of 10 sectors were lower on the session. Industrials and tech were the worst-performing groups. United Technologies (UTX -2.54%) fell after announcing plans to divest its Sikorsky Aircraft unit. Chipmaker Micron (MU - 3.54%) fell. Health care was the lone sector in positive territory. Managed care provider Cigna (CI +11.74%) surged on reports Anthem (ANTM +2.33%) considered a takeover offer for its rival. Homebuilders gained amid M&A news and a positive industry sentiment reading. Ryland (RYL +5.21%) rose after agreeing to merge with rival Standard Pacific (SPF +5.62%) . Retailer Target (TGT +1.23%) rose after selling its pharmacy business to CVS Health (CVS +0.35%) for $1.9 billion.

Breadth on issues was negative by 2-1 on the NYSE; 3-2 on the NASDAQ. Composite NYSE volume totaled 3 billion shares.

Treasuries rose amid the uncertainty over Greece. The 10-year note gained 9/32 to yield 2.36%. In commodities, NYMEX WTI crude was down 0.5% to $59.64/barrel. COMEX gold increased 0.6% to $1185.30/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.


Retail, Financial, and Energy-Linked Groups Fell

The Broker/Dealer Index ($XBD -0.35%), Bank Index ($BKX -0.30%), and the Retail Index ($RLX -0.58%) had a negative influence on the major averages on Monday. The Biotechnology Index ($BTK-0.80%) led the tech retreat and the Semiconductor Index ($SOX -0.21%) finished lower, yet the Networking Index ($NWX +0.20%) eked out a small gain. The Oil Services Index ($OSX -0.67%) and Integrated Oil Index ($XOI -0.53%) both fell while the Gold & Silver Index ($XAU +0.61%), eked out a small gain.
Charts courtesy www.stockcharts.com 

PICTURED: The Retail Index ($RLX -0.58%) slumped below tits 50-day moving average (DMA) line again.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  208.49 -1.40 -0.67% -1.13%
Integrated Oil $XOI  1,318.38 -7.03 -0.53% -2.21%
Semiconductor $SOX  712.63 -1.50 -0.21% +3.75%
Networking $NWX  392.28 +0.79 +0.20% +9.60%
Broker/Dealer $XBD  199.08 -0.69 -0.35% +7.82%
Retail $RLX  1,132.80 -6.56 -0.58% +9.69%
Gold & Silver $XAU  66.95 +0.40 +0.60% -2.66%
Bank $BKX  78.60 -0.24 -0.30% +5.84%
Biotech $BTK  4,044.40 -32.79 -0.80% +17.60%


Met Resistance at 50-Day Averages After Violation

Akamai Technologies Inc (AKAM -$0.94 or -1.28% to $72.50) slumped further below its 50-day moving average (DMA) line today. It met resistance at that important short-term average when trying to rebound following a damaging gap down and volume-driven loss on 6/09/15 which triggered a technical sell signal. It currently has a Timeliness rating of C and its Relative Strength rating has slumped to 79, below the 80+ minimum guideline for buy candidates. It will be dropped from the Featured Stocks list tonight. 

The Internet - Network Solutions firm was last shown in this FSU section on 5/21/15 with annotated graphs under the headline, "Fundamental Flaw Raised Recent Concerns". 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."  AKAM was first highlighted in yellow with pivot point based on its 11/28/14 high plus 10 cents in the 2/13/15 mid-day report (read here). 

Its annual earnings (A criteria) history has been steady.  The number of top-rated funds owning its shares rose from 941 in Mar '14 to 1,105 in Mar '15, a reassuring sign concerning the I 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 -0.19
-0.47%

$41.05

24,840
82.80% of 50 DAV
50 DAV is 30,000
$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  
$99.38 -0.14
-0.14%

$100.57

124,960
77.14% of 50 DAV
50 DAV is 162,000
$102.16
-2.72%
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  
$70.98 +1.24
1.78%

$71.18

383,140
82.75% of 50 DAV
50 DAV is 463,000
$73.38
-3.27%
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  
$215.07 -0.20
-0.09%

$215.90

930,463
73.79% of 50 DAV
50 DAV is 1,261,000
$219.09
-1.83%
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  
$230.56 +0.92
0.40%

$231.13

1,119,079
64.72% of 50 DAV
50 DAV is 1,729,000
$246.01
-6.28%
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  
$143.12 +2.65
1.89%

$144.02

3,451,433
106.30% of 50 DAV
50 DAV is 3,247,000
$150.50
-4.90%
5/28/2015 $141.06 PP = $136.38
MB = $143.20
Most Recent Note - 6/15/2015 5:34:47 PM
Y - Still consolidating just below its "max buy" level. Found support and above prior highs in the $136 during its recent consolidation.
>>> 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  
$102.79 -1.02
-0.98%

$103.17

2,648,593
94.49% of 50 DAV
50 DAV is 2,803,000
$114.00
-9.83%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
Most Recent Note - 6/15/2015 5:36:46 PM
Y - Slump below prior highs in the $108 area raised some concerns, yet it has found support near its 50 DMA line. 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  
$106.11 +1.16
1.11%

$106.28

2,461,964
72.82% of 50 DAV
50 DAV is 3,381,000
$111.60
-4.92%
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  
$117.49 -0.67
-0.57%

$120.77

4,648,570
230.93% of 50 DAV
50 DAV is 2,013,000
$120.00
-2.09%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 6/15/2015 12:03:43 PM
G - Hit another new all-time high today, getting very extended from any sound base with 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  
$71.95 -0.01
-0.01%

$72.65

653,596
109.11% of 50 DAV
50 DAV is 599,000
$75.46
-4.65%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 6/12/2015 5:41:06 PM
Y - Perched within striking distance of its 52-week high, consolidating above its 50 DMA line. 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  
$72.50 -0.94
-1.28%

$72.97

1,114,116
77.05% of 50 DAV
50 DAV is 1,446,000
$78.44
-7.57%
4/20/2015 $73.53 PP = $73.63
MB = $77.31
Most Recent Note - 6/15/2015 5:40:44 PM
Met resistance at its 50 DMA line after a damaging loss triggered a technical sell signal. It will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and an annotated graph. 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 : Met Resistance at 50-Day Averages After Violation - 6/15/2015
 |  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  
$57.45 -0.03
-0.05%

$58.35

294,451
127.47% of 50 DAV
50 DAV is 231,000
$58.09
-1.10%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 6/12/2015 5:43:19 PM
G - Perched at its 52-week high, but it has not formed a sound new base. Its 50 DMA line ($53.31) and prior highs define important support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 6/12/2015
 |  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  
$167.88 -2.58
-1.51%

$169.40

338,355
99.81% of 50 DAV
50 DAV is 339,000
$174.83
-3.98%
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  
$154.57 -0.75
-0.48%

$155.32

430,480
58.57% of 50 DAV
50 DAV is 735,000
$159.85
-3.30%
5/29/2015 $155.03 PP = $159.07
MB = $167.02
Most Recent Note - 6/15/2015 5:38:11 PM
Y - Volume totals have been cooling while consolidating near its 50 DMA line following a "negative reversal" on 5/29/15. A subsequent 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  
$56.00 -0.57
-1.01%

$56.28

337,234
177.49% of 50 DAV
50 DAV is 190,000
$58.46
-4.21%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 6/15/2015 12:38:31 PM
Y - Perched near its 52-week high following gains backed by average volume. 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  
$176.84 +0.99
0.56%

$177.40

961,214
74.92% of 50 DAV
50 DAV is 1,283,000
$176.82
0.01%
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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