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AFTER MARKET UPDATE - WEDNESDAY, JULY 8TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-261.49 |
17,515.42 |
-1.47% |
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Volume |
435,124,750 |
-62% |
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Volume |
1,750,447,480 |
-4% |
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NASDAQ |
-87.70 |
4,909.76 |
-1.75% |
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Advancers |
490 |
16% |
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Advancers |
472 |
14% |
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S&P 500 |
-34.66 |
2,046.68 |
-1.67% |
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Decliners |
2,522 |
82% |
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Decliners |
2,773 |
84% |
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Russell 2000 |
-19.09 |
1,228.96 |
-1.53% |
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52 Wk Highs |
16 |
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52 Wk Highs |
30 |
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S&P 600 |
-9.23 |
707.83 |
-1.29% |
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52 Wk Lows |
222 |
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52 Wk Lows |
170 |
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Indices Fell and NYSE Glitch Halted Trading Several Hours
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks fell on Wednesday. The Dow was off 261 points to 17515. The S&P 500 declined 34 points to 2046. The NASDAQ sank 87 points to 4909. The NYSE halted trading for a few hours due to a technical glitch but resumed trading in the late afternoon. Breadth was solidly negative as decliners led advancers by a 5-1 margin on the NYSE and by nearly 6-1 on the Nasdaq exchange. Leadership waned as there were 13 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page. New 52-week lows totals swelled and solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. There were gains for 2 of the 13 high-ranked companies currently on the Featured Stocks Page. Damaging action recently has prompted greater caution! Technical weakness in the major averages (M criteria) earned the label of a "correction" as the major averages have all slumped below their respective 50-day moving average (DMA) lines. Investors should closely watch individual issues and be ready on a case-by-case basis to sell any stocks triggering technical sell signals. This is precisely how the fact-based investment system encourages investors to reduce exposure during uncooperative markets. Keep a watch list of the strongest stocks meeting all of the key fundamental and technical criteria while waiting for the market to eventually produce a new confirmed rally.
PICTURED: The Nasdaq Composite Index slumped further below its 50-day moving average (DMA) line toward its 200 DMA line.
The major averages retreated as a confluence of domestic and international
events turned sentiment sour. Overnight, a selloff in China stoked global growth
concerns and prompted commodity price weakness. Meanwhile, the European Union
and Greek officials drew nearer to an agreement but have extended talks to
Sunday.
On our shores, the Federal Open Market Committee meeting minutes indicated
Fed officials were concerned of spillover from international weakness, spurring
rate hike delay speculation. In New York, the NYSE halted trading of stocks for
technical difficulties, but trading remained active in other exchanges.
All 10 S&P 500 sectors were lower. Materials were down the most,
attributed to broad-based commodity price weakness. Freeport McMoRan (FCX -4.4%) fell and Alcoa (AA -5.2%) slumped before the company unofficially starts
earnings season. A bearish inventory report sent BP (BP -1.4%) lower.
Tech also suffered with a loss from Intel (INTC -1.3%). However,
Symantec (SYMC + 0.1%) eked out a gain after announcing plans to sell its data
storage unit.
Treasuries gained in a flight to perceived quality. The benchmark 10-year
note rose 14/32 to yield 2.20%.
Commodities were mixed. Disappointing inventory builds sent WTI crude down 1%
to $51.82/barrel. Amid dollar weakness, COMEX gold climbed 0.5% to
$1158.50/ounce.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.55%) and Bank Index ($BKX -1.97%) both suffered losses, and weakness from the Retail Index ($RLX -1.51) also created a drag on the major averages. The tech sector saw unanimous losses for the Biotechnology Index ($BTK -2.93%), Semiconductor Index ($SOX -2.62%), and the Networking Index ($NWX -1.39%). The Oil Services Index ($OSX -2.89%) and the Integrated Oil Index ($XOI -2.51%) both fell and the Gold & Silver Index ($XAU -0.77%) also slumped, rounding out the widely negative session. Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX -1.97%) fell further below its 50-day moving average (DMA) line and sank below its Dec 2014 highs.
| Oil Services |
$OSX |
187.11 |
-5.57 |
-2.89% |
-11.27% |
| Integrated Oil |
$XOI |
1,254.01 |
-32.24 |
-2.51% |
-6.98% |
| Semiconductor |
$SOX |
655.25 |
-17.66 |
-2.62% |
-4.60% |
| Networking |
$NWX |
364.89 |
-5.15 |
-1.39% |
+1.94% |
| Broker/Dealer |
$XBD |
192.24 |
-5.03 |
-2.55% |
+4.12% |
| Retail |
$RLX |
1,135.36 |
-17.39 |
-1.51% |
+9.94% |
| Gold & Silver |
$XAU |
59.95 |
-0.46 |
-0.76% |
-12.84% |
| Bank |
$BKX |
74.93 |
-1.51 |
-1.98% |
+0.90% |
| Biotech |
$BTK |
4,053.19 |
-122.44 |
-2.93% |
+17.86% |
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Still Above Near-Term Support After Pullback on Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Illumina Inc (ILMN -$7.87 or -3.55% to $213.90) fell on higher volume today while consolidating above its 50-day moving average (DMA) line and above prior highs defining important near-term support. The Medical - Research Equipment/Services firm was last shown in this FSU section on 6/08/15 with annotated graphs under the headline, "Perched Within Striking Distance of All-Time Highs". It was highlighted in yellow with new pivot point cited based on its 1/28/15 high plus 10 cents in the 6/08/15 mid-day report (read here). Volume-driven gains for new highs triggered a technical buy signal on the next day. Its Relative Strength rating, now 90, also improved further above the 80+ minimum guideline. Little resistance remains due to overhead supply. It reported earnings +33%, +71%, +93%, and +72% in the Jun, Sep, Dec '14 and Mar '15 quarters, respectively, versus the year ago periods. Sales revenues increases were +29%, +35%, +32%, and +28% during that span. Fundamentals remain strong, with earnings above the +25% minimum guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration. Its annual earnings (A criteria) growth history has improved steadily since a downturn in FY '09. The number of top-rated funds owning its shares rose from 877 in Dec '13 to 1,158 in Jun '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. Its weekly graph shows it on track for a 7th consecutive weekly gain. 
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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
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$41.22
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-0.45
-1.08% |
$41.88
|
81,920
264.26% of 50 DAV
50 DAV is 31,000
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$42.95
-4.03%
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4/27/2015
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$40.94
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PP = $40.54
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MB = $42.57
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Most Recent Note - 7/8/2015 8:26:08 PM
Y - Pulled back on higher volume today, consolidating near prior highs in the $41 area. Its 50 DMA line ($40.40) defines 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 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$106.42
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-0.73
-0.68% |
$107.31
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174,958
100.55% of 50 DAV
50 DAV is 174,000
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$109.86
-3.13%
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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 - 7/8/2015 8:23:44 PM
G - Extended from its prior base, yet continuing to show healthy action since its 6/21 breakout. Prior highs near $97 define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Small Saving & Loan Shows More Signs of Accumulation - 6/10/2015 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$213.90
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-7.87
-3.55% |
$221.06
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1,873,564
147.87% of 50 DAV
50 DAV is 1,267,000
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$223.38
-4.24%
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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 - 7/8/2015 8:27:55 PM
Y - Pulled back today with higher volume indicative of distributional pressure. Prior highs and its 50 DMA line define near-term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Still Above Near-Term Support After Pullback on Higher Volume - 7/8/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$224.46
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-2.94
-1.29% |
$226.49
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1,408,604
78.91% of 50 DAV
50 DAV is 1,785,000
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$246.01
-8.76%
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1/5/2015
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$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 7/8/2015 8:43:59 PM
G - Sputtering just below its 50 DMA line. More damaging losses below the recent low ($219.56 on 6/29/15) would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is Not a Sufficient Length Bade - 6/16/2015 |
View all notes |
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News |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$128.05
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-4.79
-3.61% |
$131.34
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5,136,926
139.74% of 50 DAV
50 DAV is 3,676,000
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$150.50
-14.92%
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5/28/2015
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$141.06
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PP = $136.38
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MB = $143.20
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Most Recent Note - 7/8/2015 8:21:26 PM
G - Slumped below the 50 DMA line with damaging losses on higher volume triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling During Consolidation After Breakout - 6/18/2015 |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
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$95.60
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-4.89
-4.87% |
$98.48
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7,239,141
208.32% of 50 DAV
50 DAV is 3,475,000
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$112.88
-15.31%
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5/1/2015
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$97.51
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PP = $102.87
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MB = $108.01
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Most Recent Note - 7/8/2015 8:39:17 PM
G - Color code is changed to green after violating its 50 DMA line and undercutting prior lows with damaging volume-driven losses triggering a technical a sell signal.
>>> FEATURED STOCK ARTICLE : Found Support After Wedging From Late Stage Base - 6/11/2015 |
View all notes |
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SEC
News |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$97.45
|
-3.41
-3.38% |
$99.99
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2,679,498
73.96% of 50 DAV
50 DAV is 3,623,000
|
$128.06
-23.90%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 7/8/2015 8:17:41 PM
G - Still consolidating above its 50 DMA line. A subsequent violation would trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Holding Ground After Big Pullback on Heavy Volume Triggered Technical Sell Signal - 6/25/2015 |
View all notes |
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News |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$77.83
|
-1.77
-2.22% |
$79.54
|
626,498
69.84% of 50 DAV
50 DAV is 897,000
|
$81.23
-4.19%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 7/8/2015 8:15:29 PM
Y - Holding its ground stubbornly near all-time highs, pulling back today on lighter volume. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line $72.83. Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Signs of Demand With Volume-Driven Gain for New Highs - 6/19/2015 |
View all notes |
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C
A
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$51.05
|
+0.07
0.14% |
$51.58
|
334,817
111.98% of 50 DAV
50 DAV is 299,000
|
$61.05
-16.38%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 7/8/2015 8:19:19 PM
G - Still sputtering below its 50 DMA line. A rebound above the 50 DMA line is needed to help its outlook improve. More damaging losses would raise greater concerns.
>>> 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
|
$171.98
|
-3.30
-1.88% |
$174.37
|
286,087
78.81% of 50 DAV
50 DAV is 363,000
|
$175.98
-2.27%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 7/8/2015 8:31:52 PM
Y - Pulled back on lighter volume today after quietly touching a new all time high on the prior session. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal, however, broader market weakness (M criteria) is a concern.
>>> FEATURED STOCK ARTICLE : Did Not Trigger a New Technical Buy Signal - 6/29/2015 |
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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 |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$158.55
|
-0.87
-0.55% |
$160.00
|
1,218,858
160.38% of 50 DAV
50 DAV is 760,000
|
$159.85
-0.81%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
|
Most Recent Note - 7/8/2015 8:41:31 PM
Y - Encountered distributional pressure today with a loss on higher volume. Volume driven gains above the pivot point would trigger a technical buy signal, but broader market weakness (M criteria) is a concern.
>>> 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
|
$56.57
|
-2.49
-4.22% |
$58.97
|
182,874
74.95% of 50 DAV
50 DAV is 244,000
|
$60.33
-6.23%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 7/8/2015 8:34:34 PM
Y - Pulled back today with lighter volume while undercutting its pivot point. Its 50 DMA line and recent lows near $54 define important near-term support where subsequent violations would trigger technical sell signals.
>>> 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
|
$172.48
|
+0.97
0.57% |
$174.58
|
1,568,069
111.53% of 50 DAV
50 DAV is 1,406,000
|
$185.00
-6.77%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 7/8/2015 8:37:03 PM
G - Consolidating above its 50 DMA line ($166.16)where any damaging violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Higher Volume Loss a Sign of Distributional Pressure - 6/26/2015 |
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C
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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