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AFTER MARKET UPDATE - TUESDAY, JUNE 23RD, 2015
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Indices NYSE Nasdaq
DOW  +24.29 18,144.07 +0.13% Volume 674,315,510 -3% Volume 1,495,842,910 -0%
NASDAQ +6.12 5,160.09 +0.12% Advancers 1,791 56% Advancers 1,589 54%
S&P 500 +1.35 2,124.20 +0.06% Decliners 1,285 40% Decliners 1,232 42%
Russell 2000 +3.41 1,295.80 +0.26% 52 Wk Highs 150   52 Wk Highs 194  
S&P 600 +2.21 742.13 +0.30% 52 Wk Lows 51   52 Wk Lows 32  

Breadth Positive as Nasdaq Hit Another New Record High

Stocks finished little changed on Tuesday. The Dow rose 24 points to 18144. The S&P 500 gained 1 point to 2124. The NASDAQ advanced 6 points to 5160. The volume totals were slightly lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly a 3-2 margin on the NYSE and by 4-3 on the Nasdaq exchange. There were 98 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 135 stocks. The new 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 10 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.

Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index hit another new record high. Its MACD indicator recently turned bullish.

The major averages closed marginally higher as investors weighed economic data and Greek debt talks. Economic data in May showed orders for capital and durable goods both failed to meet expectations. While home prices rose less than anticipated in April, new home sales in May topped projections. A preliminary reading on Manufacturing in June fell from April, but remained expansionary.

Five of 10 S&P 500 sectors finished higher with telecom up the most. AT&T (T +2.48%) rose on positive analyst commentary, and Verizon (VZ +0.50%) edged higher on the heels of completing the AOL (AOL) acquisition. In discretionary, Amazon.com (AMZN +2.22%) rose near an all-time high. Financials were lifted by a gain from Bank of America (BAC +1.14%). Tech was a relative underperformer. Blackberry’s (BBRY -4.24%) fell after earnings, and reports of unfavorable rulings pushed NVIDIA (NVDA -2.55%) lower.

Treasuries fell with the 10-year note down 11/32 to yield 2.41%. Amid a $26 billion auction, the two-year security lost 1/32 to yield 0.67%.

Commodities were mixed. WTI crude climbed 1.2% to $61.11/barrel. COMEX gold declined 0.6% to $1176.20/ounce. In FOREX, the dollar gained with the euro off 1.5% to $1.1173/EUR and the yen 0.4% lower to ¥123.91/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.


Retail, Financial, and Energy-Linked Groups Rose

The Broker/Dealer Index ($XBD +0.64%), Bank Index ($BKX +0.68%), and the Retail Index ($RLX +0.78%) collectively had a positive influence on the major averages on Tuesday. The Oil Services Index ($OSX +0.84%) and the Integrated Oil Index ($XOI +0.81%) also rallied. The Biotechnology Index ($BTK +0.25%) eked out a small gain, but the Networking Index ($NWX -0.11%) and Semiconductor Index ($SOX -0.60%) both finished the session lower. The Gold & Silver Index ($XAU +0.22%) eked out a tiny gain.
Charts courtesy www.stockcharts.com 
 

PICTURED: The Networking Index ($NWX -0.11%) is consolidating near its all-time high, well above its 50-day moving average (DMA) line.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  206.98 +1.73 +0.84% -1.84%
Integrated Oil $XOI  1,338.17 +10.73 +0.81% -0.74%
Semiconductor $SOX  723.88 -4.34 -0.60% +5.39%
Networking $NWX  395.89 -0.43 -0.11% +10.60%
Broker/Dealer $XBD  202.74 +1.29 +0.64% +9.80%
Retail $RLX  1,168.49 +9.03 +0.78% +13.15%
Gold & Silver $XAU  65.74 +0.14 +0.21% -4.42%
Bank $BKX  79.67 +0.54 +0.68% +7.29%
Biotech $BTK  4,320.38 +10.65 +0.25% +25.62%


Consolidating Near 50-day Average and Just Above Prior Lows

Nxp Semiconductors N V (NXPI -$1.18 or -1.13% to $103.42) pulled back today with below average volume. It has been quietly consolidating near its 50-day moving average (DMA) line which has recently acted as support. More damaging losses undercutting the 50 DMA line and prior lows ($101.15 on 6/09/15) may raise concerns and trigger worrisome technical sell signals.

NXPI stalled soon after it triggered a technical buy signal with 3 consecutive volume-driven gains into new high territory. It was last shown in this FSU section on 6/01/15 with annotated graphs under the headline, "Quietly Perched at All-Time High Following Volume-Driven Gains", as it touched a new high but reversed into the red for a small loss on light volume. 

It has reported earnings +36%, +54%, +59%, +36%, and +38% for the Mar, Jun, Sep, Dec '14, and Mar '15 quarters, respectively, versus the year ago periods. The strong and steady earnings above the +25% minimum guideline satisfy the C criteria. Sales revenues rose +15%, +14%, +21%, +19%, and +18% during that same span of time. Its annual earnings (A criteria) history is a good match the investment system guidelines.

NXPI traded up as much as +49.15% since highlighted in yellow at $76.43 with a pivot point based on its 11/28/14 high plus 10 cents in the 1/05/15 mid-day report (read here).  The number of top-rated funds owning its shares rose from 683 in Mar '14 to 1,041 in Mar '15, a reassuring sign concerning the I criteria. The Elec - Semicondctor Fablss group has a high 98 Group Relative Strength Rating and leadership from others in the industry group is a reassuring sign concerning the L criteria. It completed a Secondary Offering on 5/14/14 and earlier Secondary Offerings on 2/04/13, 3/08/13, 9/13/13, and 12/10/13.
 
Charts courtesy www.stockcharts.com

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  
$42.42 +0.66
1.58%

$42.44

19,387
58.75% of 50 DAV
50 DAV is 33,000
$41.85
1.36%
4/27/2015 $40.94 PP = $40.54
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
 |  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  
$103.23 +0.55
0.54%

$103.83

161,851
100.53% of 50 DAV
50 DAV is 161,000
$103.67
-0.42%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
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
 |  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  
$74.08 +0.51
0.69%

$74.49

274,957
68.06% of 50 DAV
50 DAV is 404,000
$74.02
0.08%
5/18/2015 $67.42 PP = $70.59
MB = $74.12
Most Recent Note - 6/23/2015 6:51:16 PM
Y - Small gain on light volume for a best-ever close today near its "max buy" level. 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
 |  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  
$220.75 +0.74
0.34%

$221.33

1,444,199
114.71% of 50 DAV
50 DAV is 1,259,000
$220.61
0.06%
6/8/2015 $209.97 PP = $213.43
MB = $224.10
Most Recent Note - 6/23/2015 6:45:10 PM
Y - Posted a gain today with slightly above average volume for a new high. 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
 |  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  
$233.25 +0.35
0.15%

$236.12

1,234,882
71.42% of 50 DAV
50 DAV is 1,729,000
$246.01
-5.19%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 6/23/2015 6:49:24 PM
G - Consolidation above its 50 DMA line may be a riskier "late stage" base being formed. A subsequent violation of the 50 DMA line would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is Not a Sufficient Length Bade - 6/16/2015
 |  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  
$141.64 -1.64
-1.14%

$143.96

2,149,146
63.38% of 50 DAV
50 DAV is 3,391,000
$150.50
-5.89%
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
 |  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  
$103.42 -1.18
-1.13%

$105.70

2,541,223
89.35% of 50 DAV
50 DAV is 2,844,000
$114.00
-9.28%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
Most Recent Note - 6/23/2015 7:43:06 PM
Y - Still quietly consolidating near its 50 DMA line and recent lows defining near-term support. More damaging losses may raise concerns and trigger worrisome technical sell signals. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-day Average and Just Above Prior Lows - 6/23/2015
 |  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  
$110.28 -0.64
-0.58%

$111.60

1,858,966
55.46% of 50 DAV
50 DAV is 3,352,000
$112.88
-2.30%
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
 |  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  
$102.30 +7.94
8.41%

$104.36

12,565,102
427.68% of 50 DAV
50 DAV is 2,938,000
$128.06
-20.12%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 6/23/2015 10:10:13 AM
G - Rebounding with a big gain today following a damaging volume-driven loss. It may go on to produce more climatic gains, however, its large loss on heavy volume was noted as a technical sell signal.
>>> 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  
$77.08 -0.91
-1.17%

$78.51

771,943
120.62% of 50 DAV
50 DAV is 640,000
$78.50
-1.81%
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
 |  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
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$60.10 +0.37
0.62%

$60.23

272,853
118.12% of 50 DAV
50 DAV is 231,000
$61.05
-1.56%
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
 |  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  
$171.27 +0.05
0.03%

$171.68

283,951
83.03% of 50 DAV
50 DAV is 342,000
$174.83
-2.04%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 6/23/2015 6:46:00 PM
Y - Still consolidating above its 50 DMA line ($168.53) 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
 |  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  
$156.36 +0.67
0.43%

$157.15

572,620
77.49% of 50 DAV
50 DAV is 739,000
$159.85
-2.18%
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
 |  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  
$55.80 +0.64
1.16%

$55.99

153,045
75.39% of 50 DAV
50 DAV is 203,000
$58.46
-4.55%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 6/23/2015 6:52:58 PM
Y - Quietly consolidating above its 50 DMA line. Gains above the pivot point backed by at least +40% above average volume are still needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near Highs With No Overhead Supply - 6/17/2015
 |  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  
$181.93 -2.11
-1.15%

$184.56

1,383,637
105.78% of 50 DAV
50 DAV is 1,308,000
$185.00
-1.66%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 6/23/2015 6:54:52 PM
G - Hovering near all-time highs today, extended from any sound base. Its 50 DMA line ($161.09) and prior highs in the $158 area define support 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 
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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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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