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AFTER MARKET UPDATE - MONDAY, JUNE 22ND, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+103.83 |
18,119.78 |
+0.58% |
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Volume |
697,014,770 |
-63% |
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Volume |
1,502,090,520 |
-31% |
|
NASDAQ |
+36.97 |
5,153.97 |
+0.72% |
|
Advancers |
1,861 |
58% |
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Advancers |
1,955 |
64% |
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S&P 500 |
+12.86 |
2,122.85 |
+0.61% |
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Decliners |
1,241 |
39% |
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Decliners |
1,007 |
33% |
|
Russell 2000 |
+7.73 |
1,292.39 |
+0.60% |
|
52 Wk Highs |
171 |
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|
52 Wk Highs |
226 |
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S&P 600 |
+3.57 |
739.92 |
+0.48% |
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52 Wk Lows |
48 |
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52 Wk Lows |
40 |
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Leadership Expanded as Indices Rallied
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished strongly on Monday. The Dow rose 103 points to 18119. The S&P 500 gained 12 points to 2122. The NASDAQ advanced 36 points to 5153. The volume totals were much lower than the prior session totals on the NYSE and on the Nasdaq exchange, as the prior session totals were inflated by options expirations. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. Leadership expanded and there were 135 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 66 stocks. The new 52-week highs totals swelled and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 11 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: The S&P 500 Index finished -0.5% off its record high. In the bottom portion of the chart we can see that its MACD indicator recently turned bullish.
The major averages climbed as investors grew enthusiastic about a Greek debt deal. Economic data for May showed Chicago-area economic activity continued to decline, but existing home sales rose to the highest level since 2009.
Nine of 10 S&P 500 sectors were in positive territory. Energy and health care companies were outperformers as M&A Monday roared back. Williams Companies (WMB +25.90%) after declining a $48 billion takeover offer. In health care, Cigna (CI +4.73%) after Anthem made its fourth takeout offer to the company. Anthem (ANTM +3.62%) rallied. While positive analyst commentary pushed Carnival (CCL +2.04%) higher, negative reports sent MeadWestvaco (MWV -0.80%) lower. Financial stocks also showed strength as JP Morgan (JPM+1.29%) rose. Ahead of its earnings report, Sonic (SONC +2.58%) rose. Treasuries fell amid the global equity rally. The 10-year note lost over a full point to yield 2.37%. Commodities were mixed. WTI crude gained 0.1% to $59.68/barrel. COMEX gold lost 1.5% to $1183.70/ounce. In FOREX, the dollar climbed with the euro off 0.2% to $1.1336/EUR and the yen down 0.5% to ¥123.37/USD. The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Biotech, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.54%), Bank Index ($BKX +1.24%), and the Retail Index ($RLX +0.41%) collectively had a positive influence on the major averages on Monday. The Biotechnology Index ($BTK +2.06%) posted solid gain and the Semiconductor Index ($SOX +0.67%) edged higher, but the Networking Index ($NWX -0.16%) finished modestly lower. Commodity-linked groups were mixed as the Oil Services Index ($OSX +0.86%) and the Integrated Oil Index ($XOI +0.60%) both posted modest gains, meanwhile the Gold & Silver Index ($XAU -1.57%) was a standout decliner. PICTURED: The Retail Index ($RLX +0.41%) found support near its 50-day moving average (DMA) line recently, and it has a +0% year-to-date gain.
| Oil Services |
$OSX |
205.25 |
+1.75 |
+0.86% |
-2.67% |
| Integrated Oil |
$XOI |
1,327.44 |
+7.93 |
+0.60% |
-1.53% |
| Semiconductor |
$SOX |
728.22 |
+4.85 |
+0.67% |
+6.02% |
| Networking |
$NWX |
396.32 |
-0.65 |
-0.16% |
+10.72% |
| Broker/Dealer |
$XBD |
201.45 |
+3.06 |
+1.54% |
+9.10% |
| Retail |
$RLX |
1,159.46 |
+4.70 |
+0.41% |
+12.27% |
| Gold & Silver |
$XAU |
65.60 |
-1.05 |
-1.58% |
-4.62% |
| Bank |
$BKX |
79.14 |
+0.97 |
+1.24% |
+6.57% |
| Biotech |
$BTK |
4,309.72 |
+87.10 |
+2.06% |
+25.32% |
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Still Consolidating Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ulta Salon Cosmetics & Fragrance, Inc. (ULTA +$0.96 or +0.62% to $155.69) is still consolidating near its 50-day moving average (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. It found support at its 50 DMA line since last shown, with extensive details concerning prior coverage, and annotated daily and weekly graphs in this FSU section on 5/29/15 under the headline, "Negative Reversal Today After Touching New Highs".
ULTA has made limited headway since 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). It was noted - "A volume-driven gain and close above its pivot point may trigger a proper technical buy signal. Found support near its 50 DMA line while building on an orderly flat base." It reported earnings +34%, +26%, +22%, and +35% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarterly comparisons, respectively. Its strong earnings have been underpinned by steady sales revenues increases in the +21-22% range during that span of time. In 3 of the past 4 quarterly comparisons results have now been above the +25% minimum earnings guideline (C criteria). Its solid annual earnings (A criteria) history is very reassuring. It has a small supply (S criteria) of only 62.9 million shares in the public float. The number of top-rated funds with an ownership interest has grown from 566 funds in Jun '14 to 767 funds as of Mar '15, which is a very encouraging sign of increasing institutional interest (the I criteria). Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. Charts courtesy www.stockcharts.com
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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
|
$41.76
|
+0.36
0.87% |
$41.85
|
20,375
61.74% of 50 DAV
50 DAV is 33,000
|
$41.63
0.31%
|
4/27/2015
|
$40.94
|
PP = $40.54
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|
MB = $42.57
|
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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$102.68
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+2.76
2.76% |
$103.67
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315,138
200.72% of 50 DAV
50 DAV is 157,000
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$102.16
0.51%
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6/10/2015
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$101.47
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PP = $97.78
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MB = $102.67
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Most Recent Note - 6/22/2015 12:20:12 PM
Y - Gapped up today and hit a new 52-week high, rallying near its "max buy" level with no resistance remaining 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
|
$73.57
|
+0.69
0.95% |
$74.02
|
387,147
95.36% of 50 DAV
50 DAV is 406,000
|
$73.59
-0.03%
|
5/18/2015
|
$67.42
|
PP = $70.59
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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
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$220.01
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+1.92
0.88% |
$220.61
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889,190
71.02% of 50 DAV
50 DAV is 1,252,000
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$220.00
0.00%
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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
|
$232.90
|
+4.68
2.05% |
$234.30
|
1,194,977
69.15% of 50 DAV
50 DAV is 1,728,000
|
$246.01
-5.33%
|
1/5/2015
|
$144.84
|
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
|
$143.28
|
+0.39
0.27% |
$145.14
|
2,285,110
67.83% of 50 DAV
50 DAV is 3,369,000
|
$150.50
-4.80%
|
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
|
$104.60
|
-0.02
-0.02% |
$106.44
|
2,066,287
72.96% of 50 DAV
50 DAV is 2,832,000
|
$114.00
-8.25%
|
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
|
$110.92
|
+0.72
0.65% |
$112.23
|
2,253,686
67.29% of 50 DAV
50 DAV is 3,349,000
|
$111.60
-0.61%
|
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
|
$94.36
|
-24.99
-20.94% |
$113.49
|
24,825,139
1,011.62% of 50 DAV
50 DAV is 2,454,000
|
$128.06
-26.32%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/22/2015 11:29:55 AM
G - Abruptly retreating for a 2nd consecutive loss with heavy volume. This is why members were reminded to avoid buying stocks that are very extended from a sound base pattern. While it may go on to produce more climatic gains, when a previously strong leader suffers its largest loss on the highest volume it has seen throughout its advance, such negative action may be considered a technical sell signal.
>>> 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
|
$77.99
|
+1.52
1.99% |
$78.50
|
657,386
104.18% of 50 DAV
50 DAV is 631,000
|
$75.46
3.35%
|
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
|
$59.73
|
+0.52
0.88% |
$60.95
|
254,417
106.90% of 50 DAV
50 DAV is 238,000
|
$61.05
-2.16%
|
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
|
$171.22
|
-0.89
-0.52% |
$173.42
|
279,789
82.05% of 50 DAV
50 DAV is 341,000
|
$174.83
-2.06%
|
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
|
$155.69
|
+0.96
0.62% |
$156.47
|
540,640
73.66% of 50 DAV
50 DAV is 734,000
|
$159.85
-2.60%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/22/2015 6:57:06 PM
Y -Still consolidating above 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 6/22/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$55.16
|
+0.18
0.33% |
$55.50
|
280,183
140.80% of 50 DAV
50 DAV is 199,000
|
$58.46
-5.64%
|
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
|
$184.04
|
-0.04
-0.02% |
$185.00
|
1,316,360
101.26% of 50 DAV
50 DAV is 1,300,000
|
$183.96
0.04%
|
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 |
|
|
|
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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You may opt-out of receiving report notifications
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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
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