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AFTER MARKET UPDATE - TUESDAY, JULY 14TH, 2015
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Indices NYSE Nasdaq
DOW  +75.90 18,053.58 +0.42% Volume 679,692,080 -8% Volume 1,547,709,930 +0%
NASDAQ +33.38 5,104.89 +0.66% Advancers 1,947 61% Advancers 1,815 61%
S&P 500 +9.35 2,108.95 +0.45% Decliners 1,092 34% Decliners 1,040 35%
Russell 2000 +7.98 1,273.33 +0.63% 52 Wk Highs 111   52 Wk Highs 129  
S&P 600 +3.05 728.07 +0.42% 52 Wk Lows 44   52 Wk Lows 38  

Breadth Positive as Indices Rebound Above 50 DMA Lines Near Record Highs

Stocks finished higher on Tuesday. The Dow rose 75 points to 18053. The S&P 500 gained 9 points to 2108. The NASDAQ advanced 33 points to 5104. Volume totals were reported lower than the prior session total on the NYSE and slightly higher on the Nasdaq exchange. Advancers led decliners by an 9-5 margin on the NYSE and on the Nasdaq exchange. There were 97 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 108 stocks. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 8 of the 12 high-ranked companies currently on the Featured Stocks Page.

The Nasdaq Composite Index's solid gain on Monday of +1.48% can be considered a follow-through day on Day 5 of a new rally attempt, confirming a new uptrend. Broad strength has helped the major averages (M criteria) rebound above their respective 50-day moving average (DMA) lines while leadership (stocks hitting new 52-week highs) expanded impressively. The Dow Jones Industrial Average and S&P 500 Index both found prompt support near their respective 200 DMA lines, a reassuring sign that the institutional crowd still has an appetite for buying stocks.

Disciplined investors may now stand ready to buy only the strongest stocks meeting all of the key fundamental and technical criteria. New matches with the fact-based investment system will be added to the Featured Stocks Page as market action dictates.

Charts courtesy www.stockcharts.com

PICTURED: The S&P 500 Index rallied above its 50-day moving average (DMA) line after finding prompt support near its 200 DMA line. It is perched -1.2% off its all time high, and its MACD indictor recently turned bullish.

The major averages climbed, as investors focused on international accords and the beginning of earnings season. Greek and EU officials continued to show progress towards finalizing their short-term financing deal. In the Middle East, world leaders came to an agreement on an Iranian nuclear deal, but hurdles still remain.

At the close, nine of 10 S&P 500 sectors were in positive territory. Earnings and M&A were in the driver’s seat. JP Morgan Chase & Co (JPM +1.4%) advanced after beating earnings and revenue estimates. However, Johnson & Johnson (JNJ -0.5%) fell as traders took profits after positive quarterly results. Ahead of their reports Yum! (YUM +1%) and CSX (CSX +0.5%) both rose.

Healthcare was up the most. Biogen (BIIB +2.3%) rallied after positive commentary. In tech, Micron (MU +11.4%) rallied after a $23 billion takeover offer. SanDisk (SNDK +3.4%) and other semiconductor makers advanced in sympathy. Higher oil prices lifted Diamond Offshore (DO +1.2%) shares.

Treasuries moved higher, as bargain hunting made the scene. The 10-year note gained 15/32 to yield 2.40%.

Commodities were mixed. WTI crude reversed course and finished up 1.2% to $52.83, amid speculation of slower Iranian oil production gains. COMEX gold lost 0.1% to $1154.30/ounce, despite a weaker dollar. The dollar fell 0.1% against the yen 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.


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.


Financial, Retail, Tech, and Energy-Linked Groups Rose

Gains from the Broker/Dealer Index ($XBD +0.65%), Bank Index ($BKX +0.50%), and the Retail Index ($RLX +0.32%) collectively had a positive influence on the major averages on Tuesday. The Oil Services Index ($OSX +1.48%) and the Integrated Oil Index ($XOI +0.74%) also rose. The Biotechnology Index ($BTK +2.65%), Semiconductor Index ($SOX +1.08%), and the Networking Index ($NWX +0.88%) posted unanimous gains. The Gold & Silver Index ($XAU -0.81%) was a laggard as it ended lower. 
Charts courtesy www.stockcharts.com 


PICTURED: The Networking Index ($NWX +0.88%) traded higher, rebounding toward its 50-day moving averages (DMA) line after finding support above its 200 DMA line.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  193.61 +2.82 +1.48% -8.19%
Integrated Oil $XOI  1,290.46 +9.52 +0.74% -4.28%
Semiconductor $SOX  671.16 +7.19 +1.08% -2.29%
Networking $NWX  375.45 +3.27 +0.88% +4.89%
Broker/Dealer $XBD  201.34 +1.30 +0.65% +9.04%
Retail $RLX  1,181.29 +3.76 +0.32% +14.39%
Gold & Silver $XAU  59.00 -0.48 -0.81% -14.22%
Bank $BKX  78.04 +0.39 +0.50% +5.09%
Biotech $BTK  4,335.90 +111.79 +2.65% +26.08%


New Base Has Formed and Earnings News is Due Soon

Valeant Pharmaceuticals International, Inc. (VRX +$1.59 or +0.68% to $236.75) has been rebounding above its 50-day moving average (DMA) line with recent gains backed by light volume. A new pivot point has been cited based on its 5/28/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal.  Damaging losses below the 50 DMA line and recent low ($219.56 on 6/29/15) would raise concerns and trigger more worrisome technical sell signals.

There is still good leadership (L criteria) in the Medical - Ethical Drugs group since it was last shown in this FSU section on 6/16/15 with annotated daily and weekly graphs under the headline, "Latest Consolidation is Not a Sufficient Length Base", while consolidating well above its 50-day moving average (DMA) line. VRX reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria). Prior quarterly comparisons were routinely above that minimum threshold. Keep in mind that the company is due to report earnings on July 22nd, and volume and volatility often increase near earnings news.
 
It completed an new Public Offerings 3/17/15 and on 6/18/13. The upshot of such offerings is that the end result is typically an increase in the total number of institutional owners. The number of top-rated funds owning its shares rose from 1,056 in Mar '14 to 1,298 in Jun '15, a reassuring trend concerning the I criteria.  Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under slight accumulation over the past 50 days. A downturn in FY '07 and '08 earnings (A criteria) was followed by a strong earnings rebound in recent years.
 

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  
$42.40 +0.00
0.00%

$42.48

26,680
86.06% of 50 DAV
50 DAV is 31,000
$42.96
-1.30%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 7/14/2015 12:19:21 PM

G - Holding its ground near its "max buy" level and 52-week high after finding support near prior highs in the $41 area and its 50 DMA line. Damaging losses leading to violations would trigger technical sell signals.


>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015
 |  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  
$110.35 -0.25
-0.23%

$111.30

153,568
87.25% of 50 DAV
50 DAV is 176,000
$111.34
-0.89%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 7/10/2015 3:30:41 PM
G - Hit another new high today, getting more extended from its prior base. Prior highs near $97 define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hitting New Highs and Getting More Extended From a Sound Base - 7/10/2015
 |  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  
$75.12 -0.43
-0.57%

$75.67

406,050
91.66% of 50 DAV
50 DAV is 443,000
$75.89
-1.01%
5/18/2015 $67.42 PP = $70.59
MB = $74.12
Most Recent Note - 7/13/2015 4:01:32 PM
Y - Wedged into new high territory with light volume behind today's 3rd consecutive small gain. A violation of the 50 DMA line ($70.24) would raise greater concerns and trigger technical sell signals. Due to report earnings on 08/03/15, and volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : 50 DMA Line Defines Support - 6/30/2015
 |  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  
$229.26 +7.79
3.52%

$230.33

1,558,387
125.07% of 50 DAV
50 DAV is 1,246,000
$223.38
2.63%
6/8/2015 $209.97 PP = $213.43
MB = $224.10
Most Recent Note - 7/14/2015 5:48:51 PM
G - Color code is changed to green after rallying above its "max buy" level for new highs today with above average volume. Prior highs and its 50 DMA line define near-term support.
>>> 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 | SEC News | Chart | Request a new note C A  S  I 
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$236.75 +1.59
0.68%

$237.38

1,110,145
69.69% of 50 DAV
50 DAV is 1,593,000
$246.01
-3.76%
7/14/2015 $236.75 PP = $246.11
MB = $258.42
Most Recent Note - 7/14/2015 5:45:33 PM
Y - Color code is changed to yellow with new pivot point cited based on its 5/28/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Gains above its 50 DMA line were backed by light volume. Damaging losses below the recent low ($219.56 on 6/29/15) would raise concerns and trigger a more worrisome technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : New Base Has Formed and Earnings News is Due Soon - 7/14/2015
 |  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
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$107.48 +8.33
8.40%

$107.49

3,862,414
104.56% of 50 DAV
50 DAV is 3,694,000
$128.06
-16.07%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 7/14/2015 5:47:30 PM
G - Finished near the session high today with a big gain on higher (near average) volume. Found support well above its 50 DMA line ($95.69). Damaging violations of the 50 DMA line and recent low ($93.06 on 6/22/15) would trigger more worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Holding Ground After Big Pullback on Heavy Volume Triggered Technical Sell Signal - 6/25/2015
 |  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  
$81.23 +1.00
1.25%

$81.61

393,471
45.33% of 50 DAV
50 DAV is 868,000
$81.47
-0.29%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 7/13/2015 6:36:01 PM
G - Holding its ground above its "max buy" level and it touched a new all-time high today. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line ($73.44).
>>> 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 
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$52.38 -0.12
-0.23%

$52.95

205,100
68.83% of 50 DAV
50 DAV is 298,000
$61.05
-14.20%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 7/13/2015 6:33:55 PM
G - Still quietly sputtering below its 50 DMA line ($54.89). A rebound above the 50 DMA line is needed to help its outlook improve. Damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Sputtering After Damaging 50-Day Moving Average Violation - 7/13/2015
 |  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  
$176.33 +1.42
0.81%

$177.11

223,485
64.04% of 50 DAV
50 DAV is 349,000
$176.84
-0.29%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 7/13/2015 3:58:39 PM
Y - Touched a new high today but its gain is backed by light volume. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Did Not Trigger a New Technical Buy Signal - 6/29/2015
 |  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  
$167.00 +0.05
0.03%

$167.72

666,126
83.06% of 50 DAV
50 DAV is 802,000
$167.13
-0.08%
5/29/2015 $155.03 PP = $159.95
MB = $167.95
Most Recent Note - 7/13/2015 4:08:45 PM
Y - Hit yet another new all-time high with slightly above average volume today's 8th gain in the span of 9 sessions. It is clear of resistance due to overhead supply.
>>> 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 
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
LXFT - NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs  
$62.99 +1.81
2.96%

$63.00

297,983
124.68% of 50 DAV
50 DAV is 239,000
$61.23
2.87%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 7/13/2015 4:04:44 PM
G - Color code is changed to green after rising above its "max buy" level with today's 3rd consecutive gain. 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
 |  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  
$184.25 +3.12
1.72%

$186.36

1,354,428
93.80% of 50 DAV
50 DAV is 1,444,000
$185.00
-0.41%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 7/10/2015 3:32:06 PM
G - Posted a 3rd consecutive gain today while consolidating above its 50 DMA line defining near-term support. 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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted 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.

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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