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AFTER MARKET UPDATE - WEDNESDAY, JUNE 24TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-178.00 |
17,966.07 |
-0.98% |
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Volume |
722,901,350 |
+7% |
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Volume |
1,499,022,630 |
+0% |
|
NASDAQ |
-37.68 |
5,122.41 |
-0.73% |
|
Advancers |
880 |
27% |
|
Advancers |
798 |
26% |
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S&P 500 |
-15.62 |
2,108.58 |
-0.74% |
|
Decliners |
2,175 |
68% |
|
Decliners |
2,142 |
71% |
|
Russell 2000 |
-11.88 |
1,283.92 |
-0.92% |
|
52 Wk Highs |
80 |
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|
52 Wk Highs |
128 |
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S&P 600 |
-5.75 |
736.38 |
-0.77% |
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52 Wk Lows |
41 |
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52 Wk Lows |
30 |
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Breadth Negative as Indices Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks retreated on Wednesday. The S&P 500 declined 15 points to 2108. The NASDAQ fell 37 points to 5122. The volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of distributional pressure from the institutional crowd. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. There were 58 high-ranked companies from the Leaders Listthat made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 98 stocks. The new 52-week highs totals outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 2 of the 16 high-ranked companies currently on the Featured Stocks Page, a more negative 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 Dow slumped back below its 50-day moving average (DMA) line as it lost 177 points to 17966. Prior lows and the 200 DMA line define the next important support level to watch. The major averages slid lower as a Greek debt deal proved elusive to reach. Talks between EU and Greek officials were adjourned without resolution. Economic data showed U.S. GDP only contracted 0.2% in the first quarter, while consumer spending accelerated by 2.1%. All 10 S&P 500 sectors finished lower. Materials were off the most. Mixed earnings and reports of delays in the Sygenta acquisition left Monsanto (MON -5.73%) lower. Industrials also underperformed as Boeing (BA -0.99) fell after announcing a CEO shift. Following strong gains, financials were led lower by Bank of America (BAC -1.02%). Consumer discretionary stocks were mixed. Office Depot (ODP -2.41%) and Staples (SPLS -4.63%) were both lower on reports of merger-related regulatory hurdles. However, homebuilder Lennar (LEN +4.20%) rallied on the heels of a strong earnings tally. Treasuries advanced with the 10-year note up 10/32 to yield 2.37%. Amid a $35 billion auction, the five-year security gained 4/32 to yield 1.67%. Commodities were mostly lower. WTI crude retreated 1.2% to $60.27/barrel. COMEX gold fell 0.3% to $1172.60/ounce. In FOREX, the dollar was little changed with the euro up 0.3% to $1.1200/EUR and the yen 0.1% stronger to ¥123.86/USD The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech, and Energy Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -1.14%), Bank Index ($BKX -0.82%), and the Retail Index ($RLX -0.70%) had a negative influence on the major averages on Wednesday. The Biotechnology Index ($BTK-1.33%), Networking Index ($NWX -1.38%) and Semiconductor Index ($SOX -1.02%) finished unanimously lower. The Gold & Silver Index ($XAU +0.17%) eked out a tiny gain, meanwhile, the Oil Services Index ($OSX -0.76%) and the Integrated Oil Index ($XOI -0.22%) both ended the session lower. PICTURED: The Semiconductor Index ($SOX -1.02%) is consolidating above its 50-day moving average (DMA) line which recently acted as support.
| Oil Services |
$OSX |
205.42 |
-1.56 |
-0.75% |
-2.58% |
| Integrated Oil |
$XOI |
1,335.21 |
-2.96 |
-0.22% |
-0.96% |
| Semiconductor |
$SOX |
716.49 |
-7.39 |
-1.02% |
+4.31% |
| Networking |
$NWX |
390.42 |
-5.47 |
-1.38% |
+9.07% |
| Broker/Dealer |
$XBD |
200.42 |
-2.32 |
-1.14% |
+8.55% |
| Retail |
$RLX |
1,160.35 |
-8.14 |
-0.70% |
+12.36% |
| Gold & Silver |
$XAU |
65.85 |
+0.11 |
+0.17% |
-4.26% |
| Bank |
$BKX |
79.02 |
-0.65 |
-0.82% |
+6.41% |
| Biotech |
$BTK |
4,262.73 |
-57.65 |
-1.33% |
+23.95% |
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Computer Security Firm Building on a Flat Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Cheetah Mobile Cl A (CMCM $33.08) finished the session unchanged after highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 5/20/15 high while building a flat base. It is still perched within close striking distance of its 52-week high following a volume-driven gain when noted with caution on 6/18/15 in the mid-day report, and it has now built a short flat base of sufficient length. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Recent lows define near-term support in the $30 area above its 50 DMA line ($28.97) where violations would raise concerns. It has reported earnings increases of +300%, +250%, +150%, and +80% for the Jun, Sep, Dec '14 and Mar '15 quarterly comparisons, respectively, versus the year ago periods. The quarterly earnings increases were well above the +25% minimum guideline (C criteria), but the deceleration in its earnings growth rate is of some concern. It has still been showing strong sales revenues growth rates as it reported earnings +80% on +113% sales revenues for the Mar '15 quarter . Its limited annual earnings (A criteria) history is a concern, while it has made choppy progress since its $14 IPO on 5/08/14. The number of top-rated funds owning its shares reportedly fell from 50 in Jun '14 to only 27 as of Mar '15, however, its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. The Computer Software - Security group has the highest possible Group Relative Strength rating of 99, a reassuring sign concerning the L criteria. 
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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
|
$42.35
|
-0.07
-0.17% |
$42.49
|
19,835
61.98% of 50 DAV
50 DAV is 32,000
|
$42.44
-0.21%
|
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
|
$104.25
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+1.02
0.99% |
$104.55
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172,649
107.24% of 50 DAV
50 DAV is 161,000
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$103.83
0.40%
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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
|
$72.69
|
-1.39
-1.88% |
$74.29
|
335,389
84.27% of 50 DAV
50 DAV is 398,000
|
$74.49
-2.42%
|
5/18/2015
|
$67.42
|
PP = $70.59
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|
MB = $74.12
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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 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$220.17
|
-0.58
-0.26% |
$223.08
|
1,735,984
136.69% of 50 DAV
50 DAV is 1,270,000
|
$221.33
-0.52%
|
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 - 6/23/2015 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 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$229.19
|
-4.06
-1.74% |
$233.25
|
1,716,874
99.64% of 50 DAV
50 DAV is 1,723,000
|
$246.01
-6.84%
|
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 |
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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
|
$139.97
|
-1.67
-1.18% |
$142.22
|
2,182,127
63.94% of 50 DAV
50 DAV is 3,413,000
|
$150.50
-7.00%
|
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
|
$102.94
|
-0.48
-0.46% |
$104.20
|
1,963,388
68.58% of 50 DAV
50 DAV is 2,863,000
|
$114.00
-9.70%
|
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 |
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C
A
S
I |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$108.40
|
-1.88
-1.70% |
$109.73
|
1,973,457
59.09% of 50 DAV
50 DAV is 3,340,000
|
$112.88
-3.97%
|
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
|
$101.60
|
-0.71
-0.69% |
$102.62
|
4,284,391
134.98% of 50 DAV
50 DAV is 3,174,000
|
$128.06
-20.67%
|
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 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$75.46
|
-1.62
-2.10% |
$77.37
|
821,887
126.44% of 50 DAV
50 DAV is 650,000
|
$78.51
-3.88%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/24/2015 12:06:42 PM
Y - Pulling back near prior highs defining initial support in the $74-75 area. Consolidating following the volume-driven breakout on 6/19/15 which triggered a technical buy signal. The 50 DMA line defines the next support level to watch.
>>> 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
|
$60.06
|
-0.04
-0.07% |
$60.50
|
354,065
162.42% of 50 DAV
50 DAV is 218,000
|
$61.05
-1.62%
|
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
|
$172.27
|
+1.00
0.58% |
$173.41
|
276,277
80.31% of 50 DAV
50 DAV is 344,000
|
$174.83
-1.46%
|
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 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$155.59
|
-0.77
-0.49% |
$157.13
|
439,677
59.42% of 50 DAV
50 DAV is 740,000
|
$159.85
-2.66%
|
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
|
$54.62
|
-1.18
-2.11% |
$55.87
|
174,031
85.31% of 50 DAV
50 DAV is 204,000
|
$58.46
-6.57%
|
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 |
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A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$179.14
|
-2.79
-1.53% |
$181.56
|
1,390,988
105.62% of 50 DAV
50 DAV is 1,317,000
|
$185.00
-3.17%
|
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 |
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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 |
CMCM
-
NYSE
Cheetah Mobile Cl A Ads
COMPUTER SOFTWARE and SERVICES - Security Software and Services
|
$33.08
|
+0.00
0.00% |
$35.67
|
1,750,791
126.05% of 50 DAV
50 DAV is 1,389,000
|
$36.63
-9.69%
|
6/24/2015
|
$34.37
|
PP = $36.73
|
|
MB = $38.57
|
Most Recent Note - 6/24/2015 6:10:08 PM
Y - Finished the session unchanged after highlighted in yellow with pivot point cited based on its 5/20/15 high while building a flat base in the earlier mid-day report (read here). Recent lows define near-term support in the $30 area above its 50 DMA line ($28.97) where violations would raise concerns. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Computer Security Firm Building on a Flat Base - 6/24/2015 |
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A
S
I |
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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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