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AFTER MARKET UPDATE - THURSDAY, JULY 16TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+70.08 |
18,120.25 |
+0.39% |
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Volume |
724,793,490 |
-3% |
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Volume |
1,679,120,550 |
+9% |
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NASDAQ |
+64.24 |
5,163.18 |
+1.26% |
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Advancers |
2,165 |
67% |
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Advancers |
1,893 |
64% |
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S&P 500 |
+16.89 |
2,124.29 |
+0.80% |
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Decliners |
966 |
30% |
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Decliners |
941 |
32% |
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Russell 2000 |
+8.31 |
1,272.83 |
+0.66% |
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52 Wk Highs |
149 |
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52 Wk Highs |
185 |
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S&P 600 |
+5.02 |
727.56 |
+0.69% |
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52 Wk Lows |
120 |
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52 Wk Lows |
71 |
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Leadership Expanded as Nasdaq Closed at New Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rose on Thursday. The Dow gained 70 points to 18120. The S&P 500 advanced 16 points to 2124. The NASDAQ climbed 64 points to 5163, a new closing record. Volume totals were reported mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Advancers led decliners by better than a 2-1 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 107 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 78 stocks. The new 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 11 of the 12 high-ranked companies currently on the Featured Stocks Page.
The Nasdaq Composite Index rallied for a new record high close on Thursday. The other major averages also rallied closer to their record highs. Coupling the indices' improvement with an expansion in leadership (stocks hitting new highs), the latest market (M criteria) action has shown investors even more reassuring proof that the institutional crowd has a healthy appetite for buying stocks.
Disciplined investors know to buy only the strongest stocks meeting all of the key fundamental and technical criteria. New matches with the fact-based investment system's strict guidelines will be added to the Featured Stocks Page as market action dictates.
PICTURED: The Dow Jones Industrial Average rebounded from below its 200-day moving average (DMA) line at the month's low, rallying to within -1.27% of its all-time high.
The major averages pushed higher as investors focused on a Greek bailout resolution and positive earnings reports. Greek legislators passed austerity reforms, unlocking emergency aid for the struggling country. Domestically, Fed Chair Yellen provided her semi-annual testimony to Congress. Separately, a gauge of homebuilder sentiment remained at a nine-year high, but business optimism in the Philly Fed region fell more than expected.
At the close, nine of 10 S&P 500 sectors were higher as earnings garnered attention. Netflix (NFLX +18%) rose after strong international subscriber growth helped quarterly results. Intel (INTC +0.7%) edged higher on a positive profit tally, and eBay (EBAY +3.4%) rose after an earnings beat and announcing a spinoff of eBay Enterprises. Despite topping quarterly expectations, Goldman Sachs (GS -0.8%) and UnitedHealth (UNH -0.7%) both edged lower. After missing profit projections and lowering forward guidance, Garmin (GRMN -7.1%) tumbled.
Treasuries finished mixed, amid yield curve flattening. The two-year note lost 2/32 to yield 0.66%. The 10-year security was flat, yielding 2.35%.
Commodities were mostly lower, amid dollar strength. WTI crude retreated 0.8% to $50.98/barrel. COMEX gold declined 0.3% to $1143.80/ounce. In FOREX, the dollar rose 0.7% against the euro to $1.0876/EUR and 0.3% against the yen to ¥124.14/USD
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail Index Rise Has Positive Influence; Financial and Tech Groups Also Up
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX 1.74%) posted solid gain and had a positive influence on the major averages while the Bank Index ($BKX +0.97%) and the Broker/Dealer Index ($XBD +0.81%) also helped as they rose. The Biotechnology Index ($BTK +1.30%) and the Networking Index ($NWX +1.07%) outpaced the Semiconductor Index ($SOX +0.24%). The Oil Services Index ($OSX -0.64%) fell while the Integrated Oil Index ($XOI +0.33%) eked out a small gain. The Gold & Silver Index ($XAU -0.78%) was a laggard as it ended lower yet again.
PICTURED: The Retail Index ($RLX 1.74%) has made a sharp rally into new record high territory. That is a reassuring sign, since consumer spending accounts for about 2/3 of the US economy.
| Oil Services |
$OSX |
184.71 |
-1.18 |
-0.63% |
-12.41% |
| Integrated Oil |
$XOI |
1,273.77 |
+4.22 |
+0.33% |
-5.52% |
| Semiconductor |
$SOX |
668.61 |
+1.59 |
+0.24% |
-2.66% |
| Networking |
$NWX |
377.67 |
+3.99 |
+1.07% |
+5.51% |
| Broker/Dealer |
$XBD |
202.41 |
+1.62 |
+0.81% |
+9.62% |
| Retail |
$RLX |
1,200.54 |
+20.51 |
+1.74% |
+16.25% |
| Gold & Silver |
$XAU |
56.90 |
-0.45 |
-0.78% |
-17.27% |
| Bank |
$BKX |
79.73 |
+0.77 |
+0.98% |
+7.37% |
| Biotech |
$BTK |
4,413.38 |
+56.85 |
+1.30% |
+28.33% |
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Extended From Base After Wedging Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Luxoft Holding Inc Cl A (LXFT +$0.97 or +1.59% to $62.00) is extended from its prior base after rising above its "max buy" level with recent gains lacking great volume conviction. Technically, the action is termed "wedging". Volume-driven gains which occurred weeks earlier have been followed by pullbacks on lighter and near average volume, so it is not showing signs of distributional pressure. Prior highs in the $57-58 area define near-term support above its 50-day moving average (DMA) line ($55.67), levels where subsequent violations would trigger technical sell signals.
LXFT has shown bullish action since last shown in this FSU section on 6/17/15 with annotated graphs under the headline, "Quietly Consolidating Near Highs With No Overhead Supply". It was first highlighted in yellow with a pivot point cited based on its 4/23/15 high plus 10 cents in the 5/26/15 mid-day report (read here). Members were reminded - "Disciplined investors know that subsequent volume-driven gains above the pivot point for new highs (N criteria) are needed to trigger a proper technical buy signal." The confirming gains with heavy volume came later, on June 25th and 26th.
Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods. Its strong quarterly and annual earnings history (C and A criteria) matches the guidelines of the fact-based investment system. Keep in mind that it is due to report its Jun '15 quarterly earnings on 8/12/15, and volume and volatility often increase near earnings news.
The number of top-rated funds owning its shares rose from 185 in Jun '14 to 257 in Jun '15. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication its shares have been under accumulation over the past 50 days, very reassuring signs concerning the I criteria. It has earned a Timeliness Rating of A. Its small supply of only 30.2 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.
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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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$42.67
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+0.22
0.52% |
$42.99
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25,978
83.80% of 50 DAV
50 DAV is 31,000
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$42.96
-0.68%
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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 - 7/14/2015 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 |
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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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$112.06
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+1.07
0.96% |
$112.40
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154,571
89.35% of 50 DAV
50 DAV is 173,000
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$111.78
0.25%
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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 - 7/16/2015 3:56:10 PM
G - Hitting yet another new high with light volume behind today's 2nd consecutive gain, getting more extended from its prior base. Prior highs near $97 define important support to watch on pullbacks.
>>> 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 |
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News |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$75.06
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+0.75
1.01% |
$75.22
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308,642
69.67% of 50 DAV
50 DAV is 443,000
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$75.89
-1.09%
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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 - 7/13/2015 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 |
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News |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$230.86
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+1.78
0.78% |
$231.50
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777,413
62.09% of 50 DAV
50 DAV is 1,252,000
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$232.00
-0.49%
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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 - 7/14/2015 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 |
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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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$238.85
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+3.01
1.28% |
$240.38
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1,312,146
83.95% of 50 DAV
50 DAV is 1,563,000
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$246.01
-2.91%
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7/14/2015
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$236.75
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PP = $246.11
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MB = $258.42
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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 |
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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 |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$108.17
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+1.96
1.85% |
$109.30
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1,925,241
50.16% of 50 DAV
50 DAV is 3,838,000
|
$128.06
-15.53%
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5/1/2015
|
$75.99
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PP = $77.49
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MB = $81.36
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Most Recent Note - 7/16/2015 3:58:50 PM
G - Up with lighter volume today, making more progress after finding support well above its 50 DMA line. 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 |
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Company Profile |
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News |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$81.01
|
+0.36
0.45% |
$81.15
|
467,087
54.06% of 50 DAV
50 DAV is 864,000
|
$81.76
-0.92%
|
5/27/2015
|
$73.90
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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 : Extended From Prior Base and Perched at High - 7/15/2015 |
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C
A
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$53.16
|
+0.49
0.93% |
$53.23
|
332,705
111.65% of 50 DAV
50 DAV is 298,000
|
$61.05
-12.92%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
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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 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$175.91
|
+1.12
0.64% |
$176.95
|
240,781
69.19% of 50 DAV
50 DAV is 348,000
|
$177.11
-0.68%
|
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 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$167.32
|
-0.93
-0.55% |
$169.31
|
1,211,319
149.55% of 50 DAV
50 DAV is 810,000
|
$168.33
-0.60%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
|
Most Recent Note - 7/16/2015 3:57:29 PM
Y - Pulling back from its all-time high with higher volume today, a sign of distributional pressure. Near its "max buy" level following 5 consecutive gains. Prior highs near $159 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 6/22/2015 |
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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 |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$62.00
|
+0.97
1.59% |
$62.00
|
193,894
79.46% of 50 DAV
50 DAV is 244,000
|
$63.00
-1.59%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 7/16/2015 5:42:52 PM
G - Extended from its prior base. Prior highs define near-term support above its 50 DMA line. Subsequent violations would trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 7/16/2015 |
View all notes |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$190.06
|
+4.92
2.66% |
$191.75
|
1,397,341
96.04% of 50 DAV
50 DAV is 1,455,000
|
$186.36
1.98%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 7/16/2015 3:54:46 PM
G - Wedging further into new high territory with today's 7th consecutive gain lacking great volume conviction, getting more extended from any sound base. Recent lows and its 50 DMA line define the nearest chart support to watch.
>>> 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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