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AFTER MARKET UPDATE - THURSDAY, JULY 9TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+33.20 |
17,548.62 |
+0.19% |
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Volume |
806,191,960 |
+85% |
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Volume |
1,713,073,220 |
-2% |
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NASDAQ |
+12.64 |
4,922.40 |
+0.26% |
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Advancers |
1,777 |
56% |
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Advancers |
1,919 |
63% |
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S&P 500 |
+4.63 |
2,051.31 |
+0.23% |
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Decliners |
1,298 |
41% |
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Decliners |
1,050 |
34% |
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Russell 2000 |
+5.19 |
1,234.15 |
+0.42% |
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52 Wk Highs |
21 |
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52 Wk Highs |
33 |
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S&P 600 |
+1.39 |
709.22 |
+0.20% |
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52 Wk Lows |
99 |
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52 Wk Lows |
80 |
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Major Averages Rose With Positive Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher, but pared gains on Thursday. The Dow rose 33 points to 17548. The S&P 500 climbed 4 points to 2051. The NASDAQ advanced 12 points to 4922. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 20 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 13 stocks. New 52-week lows outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. There were gains for 9 of the 15 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. The Dow and S&P 500 both also slumped just below their respective 200 DMA lines, a level where they are likely to find support. 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 S&P 500 Index recently slumped below its 200-day moving average (DMA) line, a place where it is likely to find support..
The major averages gained, but trimmed their advance in afternoon trading.
Chinese government intervention stemmed the market slide, sending the Shanghai
Composite up 5.8% overnight. In Europe, Greek and EU officials drew closer to an
accord with Sunday slated as the current deadline. As a result of Greek and
Chinese activity, the IMF lowered their global growth forecast to 3.3% from
3.5%.
Domestically, jobless claims surprisingly rose 16,000 to 297,000, but remain
below the important 300k threshold.
Seven of 10 S&P 500 sectors were higher. Financials were outperformers,
as JP Morgan (JPM +1%) rose ahead of its earnings report next week. After
announcing positive quarterly sales results overnight, Alcoa (AA +0.9%) posted a small gain. A strong quarterly report, a lift to forward guidance, and new newly
appointed CEO left Walgreens (WAG +4.2%). Procter & Gamble (PG -0.4%) edged lower after agreeing to sell its Beauty Brands to Coty for $12.5
billion.
Treasuries backed and filled. The 10-year note lost 30/32 to yield 2.30%.
Commodities finished mixed. WTI crude jumped 2.1% to $52.74/barrel, but
remains down 7% for the week. COMEX gold fell 0.3% to $1160.30/ounce. In FOREX,
the Dollar Index rose 0.1%, with the euro off 0.4% to $1.1029/EUR. The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Gains from the Broker/Dealer Index ($XBD +1.31%), Bank Index ($BKX +1.10%), and the Retail Index ($RLX +0.41%) collectively had a positive influence on the major averages on Thursday. The Oil Services Index ($OSX +1.07%) and the Integrated Oil Index ($XOI +0.64%) also rose. The Biotechnology Index ($BTK +1.44%) rose, but the Semiconductor Index ($SOX -1.31%) and the Networking Index ($NWX -0.50%) both finished the session lower. The Gold & Silver Index ($XAU -0.43%) also edged lower.
PICTURED: The Broker/Dealer Index ($XBD +1.31%) recently slumped below its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
189.11 |
+2.00 |
+1.07% |
-10.32% |
| Integrated Oil |
$XOI |
1,262.02 |
+8.01 |
+0.64% |
-6.39% |
| Semiconductor |
$SOX |
646.64 |
-8.61 |
-1.31% |
-5.86% |
| Networking |
$NWX |
362.96 |
-1.94 |
-0.53% |
+1.40% |
| Broker/Dealer |
$XBD |
194.76 |
+2.52 |
+1.31% |
+5.48% |
| Retail |
$RLX |
1,140.00 |
+4.64 |
+0.41% |
+10.39% |
| Gold & Silver |
$XAU |
59.69 |
-0.26 |
-0.43% |
-13.22% |
| Bank |
$BKX |
75.76 |
+0.82 |
+1.09% |
+2.02% |
| Biotech |
$BTK |
4,111.65 |
+58.46 |
+1.44% |
+19.56% |
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Finding Support Near Prior Highs and 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Great Southern Bancorp (GSBC +$0.29 or +0.70% to $41.51) is consolidating near prior highs in the $41 area. Its 50-day moving average (DMA) line ($40.41) also defines important support where a violation would trigger a technical sell signal. GSBC was last shown in this FSU section on 6/09/15 with an annotated graph under the headline, "Still Finding Support at 50-Day Moving Average". The number of top-rated funds owning is shares rose from 162 in Jun '14 to 191 in Jun '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication that its shares have been under slight accumulation over the past 50 days. Earnings increases were above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Mar '15. Prior reports cautioned members - "Annual earnings (A criteria) have not been strong and steady. Note that the annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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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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$41.51
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+0.29
0.70% |
$42.16
|
36,085
116.40% of 50 DAV
50 DAV is 31,000
|
$42.95
-3.35%
|
4/27/2015
|
$40.94
|
PP = $40.54
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MB = $42.57
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Most Recent Note - 7/9/2015 6:24:52 PM
Y - Consolidating near prior highs in the $41 area. Its 50 DMA line ($40.41) defines important support where a violation would trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015 |
View all notes |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$107.56
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+1.14
1.07% |
$108.00
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168,273
96.71% of 50 DAV
50 DAV is 174,000
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$109.86
-2.09%
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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 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$73.26
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+0.46
0.63% |
$74.37
|
421,121
96.59% of 50 DAV
50 DAV is 436,000
|
$74.49
-1.65%
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5/18/2015
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$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 7/9/2015 2:34:01 PM
Y - Consolidating above 50 DMA $69.84. Negative price action on July 8th raised concerns. A of violation of the 50 DMA would raise greater concerns and trigger technical sell signals. EPAM Systems, Inc. is estimated to report earnings on 08/03/2015.
>>> FEATURED STOCK ARTICLE : 50 DMA Line Defines Support - 6/30/2015 |
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C
A
S
I |
WST
-
NYSE
West Pharmaceutical Svcs
CONSUMER NON-DURABLES - Rubber and Plastics
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$59.76
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-0.55
-0.91% |
$61.30
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1,218,286
452.89% of 50 DAV
50 DAV is 269,000
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$60.89
-1.86%
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7/9/2015
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$60.48
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PP = $60.40
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MB = $63.42
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Most Recent Note - 7/9/2015 6:23:47 PM
Broke out of flat base on July 7th and encountered heavy distributional pressure on the prior session. Sales revenues and earnings increases are not a good match with the fact-based investment system's guidelines. Disciplined investors would exercise caution given the general market conditions (the M criteria).
>>> FEATURED STOCK ARTICLE : Charging Higher On Average Volume After 6 Weeks Basing - 12/27/2006 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$217.17
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+3.27
1.53% |
$218.95
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1,293,775
102.11% of 50 DAV
50 DAV is 1,267,000
|
$223.38
-2.78%
|
6/8/2015
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$209.97
|
PP = $213.43
|
|
MB = $224.10
|
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 |
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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 |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$223.39
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-1.07
-0.48% |
$228.72
|
1,374,762
77.02% of 50 DAV
50 DAV is 1,785,000
|
$246.01
-9.19%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
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MB = $157.40
|
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 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
|
$124.68
|
-3.37
-2.63% |
$131.36
|
7,346,217
199.84% of 50 DAV
50 DAV is 3,676,000
|
$150.50
-17.16%
|
5/28/2015
|
$141.06
|
PP = $136.38
|
|
MB = $143.20
|
Most Recent Note - 7/9/2015 6:16:46 PM
Slumped further below its 50 DMA line today with another damaging loss on higher volume. Prior losses were noted as it triggered a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling During Consolidation After Breakout - 6/18/2015 |
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C
A
S
I |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$94.51
|
-1.09
-1.14% |
$98.66
|
6,783,247
195.20% of 50 DAV
50 DAV is 3,475,000
|
$112.88
-16.27%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 7/9/2015 6:23:03 PM
Suffered a 3rd consecutive loss today marked by above average volume as it slumped further below its 50 DMA line. Damaging volume-driven losses were noted as they triggered technical sell signals and it will be dropped from the Featured Stocks list tonight..
>>> 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
|
$96.75
|
-0.70
-0.72% |
$99.90
|
2,140,503
59.08% of 50 DAV
50 DAV is 3,623,000
|
$128.06
-24.45%
|
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 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$79.56
|
+1.73
2.22% |
$79.88
|
579,718
64.63% of 50 DAV
50 DAV is 897,000
|
$81.23
-2.06%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 7/9/2015 6:19:23 PM
G - Color code is changed to green while trading above its "max buy" level near all-time highs. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line ($72.97). Subsequent violations would trigger technical sell signals.
>>> 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
|
$50.19
|
-0.86
-1.68% |
$51.99
|
217,722
72.82% of 50 DAV
50 DAV is 299,000
|
$61.05
-17.79%
|
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
|
$172.22
|
+0.24
0.14% |
$174.73
|
243,959
67.21% of 50 DAV
50 DAV is 363,000
|
$175.98
-2.14%
|
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 |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$159.91
|
+1.36
0.86% |
$162.50
|
1,430,442
188.22% of 50 DAV
50 DAV is 760,000
|
$160.00
-0.06%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
|
Most Recent Note - 7/9/2015 2:35:57 PM
Y - Hitting new 52-week and all-time highs while rallying above its pivot point with above average volume. It is clear of resistance due to overhead supply, but broader market weakness (M criteria) remains 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
|
$57.73
|
+1.16
2.05% |
$58.19
|
131,744
53.99% of 50 DAV
50 DAV is 244,000
|
$60.33
-4.31%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 7/9/2015 6:20:36 PM
Y - Posted a gain today with lighter volume while rebounding above 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
|
$174.81
|
+2.33
1.35% |
$175.35
|
1,142,205
81.24% of 50 DAV
50 DAV is 1,406,000
|
$185.00
-5.51%
|
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 |
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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or 954-785-1121.
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