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AFTER MARKET UPDATE - FRIDAY, JUNE 19TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-99.89 |
18,015.95 |
-0.55% |
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Volume |
1,864,040,080 |
+124% |
|
Volume |
2,183,963,150 |
+26% |
|
NASDAQ |
-15.95 |
5,117.00 |
-0.31% |
|
Advancers |
1,259 |
40% |
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Advancers |
1,259 |
43% |
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S&P 500 |
-11.25 |
2,109.99 |
-0.53% |
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Decliners |
1,796 |
57% |
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Decliners |
1,587 |
54% |
|
Russell 2000 |
-0.02 |
1,284.66 |
-0.00% |
|
52 Wk Highs |
106 |
|
|
52 Wk Highs |
156 |
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S&P 600 |
+0.79 |
736.35 |
+0.11% |
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52 Wk Lows |
71 |
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52 Wk Lows |
38 |
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Healthy Leadership Continues as Indices Post Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.6%, the S&P 500 rose 0.8% and the NASDAQ gained 1.3%. Behind Friday's modest losses the volume totals were much higher than the prior session totals on the NYSE and on the Nasdaq exchange, inflated by options expirations. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. There were 66 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 86 stocks. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 5 of the 15 high-ranked companies currently on the Featured Stocks Page, an encouragingly better positive bias than the broader market.
Healthy leadership (many stocks hitting new 52-week highs) remains a reassuring sign 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: On Friday’s session the Dow fell 102 points to 18014, cosing below its 50-day moving average (DMA) line.
The S&P 500 lost 12 points to 2109 and the NASDAQ declined 16 points from its record high to close at 5117. The major averages retreated amid continued concerns surrounding Greece. Eurozone leaders scheduled an emergency meeting on Monday to discuss the debt crisis. With no economic releases, investors’ attention was on commentary by policy makers. San Francisco Fed President John Williams said he anticipates the central bank to begin tightening later this year.
On the earnings front, KB Home (KBH -9.43%) fell as profits topped consensus estimates. Red Hat (RHT +1.03%) rose while CarMax (KMX -3.74%) fell following their quarterly releases. Hershey (HSY -3.49%) fell after reducing its full-year forecast.
Financials and energy contributed the most to market’s decline. J.P. Morgan (JPM -1.02%) fell and Schlumberger (SLB -2.27%) sank as the price of oil dropped. Consumer staples were the lone group higher on the session. ConAgra (CAG +10.86%) rallied after activist hedge fund Jana Partners disclosed a 7.2% stake in the company.
Treasuries advanced with the 10-year note up 19/32 to yield 2.26%. In commodities, NYMEX crude fell 1.7% to $59.45/barrel while COMEX gold was unchanged at $1201.50/ounce.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Fell Worse Than Growth-Oriented Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.41%), Bank Index ($BKX -0.30%), and the Retail Index ($RLX -0.45%) collectively had a negative influence on the major averages on Friday. The Biotechnology Index ($BTK +0.42%) posted gain, but the Networking Index ($NWX -0.53%) and Semiconductor Index ($SOX -0.31%) both finished modestly lower. Commodity-linked groups endured even heavier pressure than growth-oriented groups. The Gold & Silver Index ($XAU -2.52%) outpaced the Oil Services Index ($OSX -1.55%) to the downside, and the Integrated Oil Index ($XOI -0.66%) also edged lower.
PICTURED: The Bank Index ($BKX -0.30%) rallied +19.9% from this year's eary low. It started the year with a worrisome pullback below its 50-day and 200-day moving average (DMA) lines, so after its impressive recovery and rally into new high territory it has a +5.27% year-to-date gain.
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PICTURED: The Broker/Dealer Index ($XBD -0.41%) rallied +23.3% from the low after starting the year with a worrisome pullback below its 50-day and 200-day moving average (DMA) lines. After its impressive recovery and rally into new high territory it has a +7.45% year-to-date gain.
| Oil Services |
$OSX |
203.50 |
-3.21 |
-1.55% |
-3.50% |
| Integrated Oil |
$XOI |
1,319.51 |
-8.82 |
-0.66% |
-2.12% |
| Semiconductor |
$SOX |
723.37 |
-2.23 |
-0.31% |
+5.31% |
| Networking |
$NWX |
396.96 |
-2.10 |
-0.53% |
+10.90% |
| Broker/Dealer |
$XBD |
198.39 |
-0.82 |
-0.41% |
+7.45% |
| Retail |
$RLX |
1,154.76 |
-5.17 |
-0.45% |
+11.82% |
| Gold & Silver |
$XAU |
66.65 |
-1.72 |
-2.52% |
-3.10% |
| Bank |
$BKX |
78.17 |
-0.67 |
-0.85% |
+5.27% |
| Biotech |
$BTK |
4,222.62 |
+17.68 |
+0.42% |
+22.78% |
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Signs of Demand With Volume-Driven Gain for New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Acadia Healthcare Inc (ACHC +$2.52 or +3.51% to $76.47) posted a 4th consecutive gain today and hit a new 52-week high. Its strong gain was backed by +97% above average volume as it rallied above the pivot point cited and triggered a technical buy signal. The pivot point cited was based on its 4/13/15 high plus 10 cents when it was highlighted in the 5/27/15 mid-day report (read here). It found support above its 50-day moving average (DMA) line since last shown in this FSU section that evening with annotated graphs under the headline, "Finished Below Pivot Point Despite Big Volume-Driven Gain and New 52-Week High".
ACHC has a small supply of only 50.8 million shares (S criteria) in the public float. Leadership in the Medical / Outpatient/Home Care industry group is a reassuring sign (L criteria) as the group has earned an 91 Group Relative Strength Rating. The number of top-rated funds owning its shares rose from 364 on Jun '14 to 461 in Mar '15, a reassuring sign concerning the I criteria. It completed a new Public Offering on 5/05/15, and such offerings typically hinder a stock's progress for the short-term, however, the upshot is that the underwriters help companies attract greater interest from the institutional crowd.
It reported earnings increases of +23%, +53%, +59%, and +54% in the Jun, Sep, Dec '14 and Mar '15 quarters, respectively. Having 3 or 4 quarterly comparisons with increases above the +25% minimum guideline satisfied the C criteria. Sales revenues increases during that span were also up +20%, +59%, +55%, and +82%, showing encouraging acceleration. Since tallying a loss in FY '11 its annual earnings (A criteria) have been strong.
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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
|
$41.40
|
+0.15
0.36% |
$41.74
|
67,423
210.70% of 50 DAV
50 DAV is 32,000
|
$41.63
-0.55%
|
4/27/2015
|
$40.94
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PP = $40.54
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MB = $42.57
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Most Recent Note - 6/19/2015 6:48:30 PM
Y - Churned above average volume this week while making little progress above April highs, a sign of distributional pressure. 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 : Still Finding Support at 50-Day Moving Average - 6/9/2015 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$99.92
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+0.92
0.93% |
$100.09
|
239,767
152.72% of 50 DAV
50 DAV is 157,000
|
$102.16
-2.19%
|
6/10/2015
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$101.47
|
PP = $97.78
|
|
MB = $102.67
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Most Recent Note - 6/19/2015 6:50:21 PM
Y - Posted a solid gain with above average volume. Found support while consolidating above prior highs in the $97 area. No resistance remains due to overhead supply. Subsequent losses leading to a close below its old high close ($97.27 on 3/20/15) would raise concerns by completely negating the recent breakout.
>>> FEATURED STOCK ARTICLE : Small Saving & Loan Shows More Signs of Accumulation - 6/10/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$72.88
|
-0.12
-0.16% |
$73.29
|
390,569
96.68% of 50 DAV
50 DAV is 404,000
|
$73.59
-0.96%
|
5/18/2015
|
$67.42
|
PP = $70.59
|
|
MB = $74.12
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Most Recent Note - 6/17/2015 3:32:29 PM
Y - Poised for a best-ever close with today's gain. Recently found support above prior highs in the $70 area and above its 50 DMA line. Subsequent damaging losses leading to violations would raise greater concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating After Breakout - 6/5/2015 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$218.09
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-0.68
-0.31% |
$219.58
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916,516
73.15% of 50 DAV
50 DAV is 1,253,000
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$220.00
-0.87%
|
6/8/2015
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$209.97
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PP = $213.43
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MB = $224.10
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Most Recent Note - 6/16/2015 6:09:35 PM
Y - Volume totals have been cooling while stubbornly holding its ground after volume-driven gains above its pivot point triggered a technical buy signal on 6/09/15. Highlighted in yellow in the 6/08/15 mid-day report (read here).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.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All-Time Highs - 6/8/2015 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$228.22
|
-5.73
-2.45% |
$234.53
|
1,630,007
94.38% of 50 DAV
50 DAV is 1,727,000
|
$246.01
-7.23%
|
1/5/2015
|
$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 6/16/2015 6:05:20 PM
G - Consolidation above its 50 DMA line defining near term support is not a sound base of sufficient length. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is Not a Sufficient Length Bade - 6/16/2015 |
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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 |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
|
$142.89
|
-0.11
-0.08% |
$143.91
|
2,686,971
80.38% of 50 DAV
50 DAV is 3,343,000
|
$150.50
-5.06%
|
5/28/2015
|
$141.06
|
PP = $136.38
|
|
MB = $143.20
|
Most Recent Note - 6/18/2015 6:22:26 PM
Y - Consolidating near its "max buy" level. Volume totals have been cooling while consolidating above support at prior highs in the $136 area. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling During Consolidation After Breakout - 6/18/2015 |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$104.62
|
-0.56
-0.53% |
$105.49
|
3,752,301
134.78% of 50 DAV
50 DAV is 2,784,000
|
$114.00
-8.23%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 6/18/2015 6:30:11 PM
Y - Posted a gain today with near average but higher volume after quietly consolidating near its 50 DMA line which acted as support. 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 |
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C
A
S
I |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$110.20
|
+0.22
0.20% |
$112.88
|
4,112,639
123.43% of 50 DAV
50 DAV is 3,332,000
|
$111.60
-1.25%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 6/18/2015 6:28:08 PM
G - Rallied with near average volume today for a best-ever close, finishing above its "max buy" level, and its color code is changed to green. Found prompt support at its 50 DMA line last week 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.
>>> FEATURED STOCK ARTICLE : Found Support After Wedging From Late Stage Base - 6/11/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$119.35
|
-7.35
-5.80% |
$127.12
|
9,711,215
426.68% of 50 DAV
50 DAV is 2,276,000
|
$128.06
-6.80%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/19/2015 12:27:02 PM
G - Pulling back from its all-time high with above average volume behind today's loss. It may go on to produce more climatic gains, however, disciplined investors avoid buying stocks that are very extended from a sound base pattern.
>>> 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
|
$76.47
|
+2.59
3.51% |
$77.00
|
1,182,805
193.27% of 50 DAV
50 DAV is 612,000
|
$75.46
1.34%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/19/2015 6:43:43 PM
Y - Today's 4th consecutive gain was backed by +93% above average volume as it rallied above the pivot point triggering a technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Signs of Demand With Volume-Driven Gain for New Highs - 6/19/2015 |
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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 |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$59.21
|
-0.87
-1.45% |
$60.98
|
1,070,329
442.28% of 50 DAV
50 DAV is 242,000
|
$61.05
-3.01%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/19/2015 6:45:52 PM
G - Pulled back from its 52-week high with a volume-driven loss today. Prior highs in the $57 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 6/12/2015 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$172.11
|
-0.31
-0.18% |
$172.54
|
332,446
98.36% of 50 DAV
50 DAV is 338,000
|
$174.83
-1.56%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 6/16/2015 6:11:17 PM
Y - Consolidating just above its 50 DMA line ($168.15) which has acted as support. Subsequent 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 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$154.73
|
-1.75
-1.12% |
$156.71
|
570,349
78.13% of 50 DAV
50 DAV is 730,000
|
$159.85
-3.20%
|
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 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$54.98
|
-1.21
-2.15% |
$55.98
|
237,391
121.12% of 50 DAV
50 DAV is 196,000
|
$58.46
-5.95%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/17/2015 6:37:58 PM
Y - Quietly consolidating, and gains above the pivot point backed by at least +40% above average volume are still needed to trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near Highs With No Overhead Supply - 6/17/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$184.08
|
+1.20
0.66% |
$184.80
|
1,767,469
137.98% of 50 DAV
50 DAV is 1,281,000
|
$183.96
0.07%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/17/2015 3:34:09 PM
G - Hitting another new all-time high today with a gain on near average volume, getting more 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 |
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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 |
|
|
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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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or 954-785-1121.
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