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AFTER MARKET UPDATE - MONDAY, JULY 27TH, 2015
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DOW |
-127.94 |
17,440.59 |
-0.73% |
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Volume |
900,730,850 |
+3% |
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Volume |
1,786,722,160 |
-3% |
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NASDAQ |
-48.85 |
5,039.78 |
-0.96% |
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Advancers |
831 |
27% |
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Advancers |
815 |
28% |
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S&P 500 |
-12.01 |
2,067.64 |
-0.58% |
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Decliners |
2,273 |
73% |
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Decliners |
2,096 |
72% |
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Russell 2000 |
-11.30 |
1,214.69 |
-0.92% |
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52 Wk Highs |
18 |
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52 Wk Highs |
16 |
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S&P 600 |
-4.86 |
696.86 |
-0.69% |
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52 Wk Lows |
478 |
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52 Wk Lows |
293 |
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Leadership Waned While Damage Grew on Monday
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Monday. The Dow lost 127 points to 17440. The S&P 500 fell 12 points to 2067. The NASDAQ retreated 48 points to 5039. Volume totals were reported mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by an 11-4 margin on the NYSE and 5-2 on the Nasdaq exchange. Leadership contracted as there were 10 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 18 stocks. The total number of new 52-week lows swelled and solidly outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. There were gains for only 2 of the 12 high-ranked companies currently on the Featured Stocks Page.
The major indices slid further and waning leadership (fewer stocks hitting new highs) was a noticeable characteristic while the market (M criteria) endured more damaging distributional pressure on Monday. The Dow and S&P 500 index both violated their respective 50-day moving average (DMA) lines last week.
Disciplined investors know to watch for technical sell signals and reduce market exposure (raise cash) during rough periods. Regular readers have seen limited new matches with the fact-based investment system's strict guidelines added to the Featured Stocks Page in recent weeks.
PICTURED: The S&P 500 Index violated its 50-day moving average (DMA) line last week and slumped near its 200 DMA line with Monday's loss, extending its losing streak for a 5th consecutive session. Its MACD indicator also turned negative.
The major averages took a breather amid a global selloff in equities. In Asia, speculation set in that the governmental intervention may not stem losses, leaving the Shanghai Composite 8.5% lower and the Hong Kong Heng Seng off 3.1%.
Economic data in June showed durable goods orders rose 3.4%, topping expectations, while capital goods orders, excluding aircraft, jumped 0.9%. However, July’s measure of manufacturing in the Dallas-area fell more than projected.
Nine of 10 S&P 500 sectors finished lower, weighed down by commodity producers. Demand concerns left Freeport McMoRan (FCX -7.49%) lower. In energy, a decline in oil prices pushed Chevron (CVX -1.61%) and Transocean (RIG -1.13%) down. In earnings news, Roper Technologies (ROP -4.57%) fell on the heels of a quarterly disappointment. McGraw Hill (MHFI -5.67%) reported mixed earnings, but fell after announcing plans to purchase SNL Financial for $2.2 billion. In health care, Teva (TEVA +16.41%) surged after dropping its bid for Mylan but agreeing to purchase Allergan’s generic business for $40.5 billion. Mylan (MYL -14.44%) fell, and Allergan (AGN +6.09%) rose, accordingly.
Treasuries finished higher. The 10-year note rose 13/32 to yield 2.22%.
Commodities were mixed. WTI crude extended losses as it slid 2.3% to $47.05/barrel. COMEX gold rallied 0.7% to $1093.20/ounce on uncertainty and dollar weakness.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Related Indices Led Widespread Group Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -1.34%) and the Bank Index ($BKX -1.06%) both weighed on the major averages as they fell on Monday, and the Retail Index ($RLX -0.55%) also was a negative influence. The Networking Index ($NWX -1.33%), Biotechnology Index ($BTK -1.08%) and the Semiconductor Index ($SOX -0.72%) closed unanimously lower. Energy-related shares slumped badly again as the Oil Services Index ($OSX -1.44%) and Integrated Oil Index ($XOI -2.20%) both finished lower. The Gold & Silver Index ($XAU -3.83%) was a standout decliner again.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -1.08%) has shown a lot of leadership this year, but it stalled after recently making it to new record highs. Retreating near its 50-day moving average (DMA) line and upward trendline with its current streak of 6 consecutive losses, any more damaging losses leading to worrisome violations would hurt the outlook for the group.
| Oil Services |
$OSX |
173.99 |
-2.55 |
-1.44% |
-17.49% |
| Integrated Oil |
$XOI |
1,176.18 |
-26.50 |
-2.20% |
-12.75% |
| Semiconductor |
$SOX |
637.88 |
-4.60 |
-0.72% |
-7.13% |
| Networking |
$NWX |
379.39 |
-5.13 |
-1.33% |
+5.99% |
| Broker/Dealer |
$XBD |
193.52 |
-2.64 |
-1.34% |
+4.81% |
| Retail |
$RLX |
1,196.03 |
-6.62 |
-0.55% |
+15.81% |
| Gold & Silver |
$XAU |
46.66 |
-1.86 |
-3.83% |
-32.16% |
| Bank |
$BKX |
77.58 |
-0.83 |
-1.06% |
+4.47% |
| Biotech |
$BTK |
4,176.39 |
-45.51 |
-1.08% |
+21.44% |
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Extended and Perched Near High With Earnings News Due Soon
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
B O F I Holding Inc (BOFI -$1.56 or -1.35% $113.84) is very extended from its prior base. Its 50-day moving average (DMA) line ($103.28) defines important support to watch on pullbacks. After last shown in this FSU section on 7/10/15 with an annotated graph under the headline, "Hitting New Highs and Getting More Extended From a Sound Base", it rallied even further into new high territory (N criteria), with no resistance remaining due to overhead supply. Disciplined investors avoid chasing stocks more than +5% above their prior high or pivot point.
Leadership from other Finance - Savings & Loan issues is reassuring concerning the L criteria. It has earned a Timeliness rating of A, and a Sponsorship rating of B. Keep in mind that its small supply of only 13.4 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. BOFI was highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the 6/10/15 mid-day report (read here) while noted - "It clinched a technical buy signal with a gain backed by +55% above average volume on the prior session."
Keep in mind that it is due to report its Jun '15 quarterly earnings on 7/30/15, and volume and volatility often increase near earnings news. Through Mar '15 its quarterly comparisons have been above the +25% minimum earnings guideline (C criteria). Earnings rose by +35%, +40%, +41%, +38%, and +35% in the Mar, Jun, Sep, Dec '14, and Mar '15 quarters, respectively, versus the year ago periods. Sales revenues were up +21%, +24%, +39%, +41%, and +41% during that span. Following a downturn in its FY '11 earnings its annual earnings (A criteria) history has been strong.
The current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation (I criteria) over the past 50 days. The number of top-rated funds owning share rose from 261 in Sep '14 to 282 in Jun '15.
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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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$41.57
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-0.18
-0.43% |
$41.75
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40,089
129.32% of 50 DAV
50 DAV is 31,000
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$42.99
-3.30%
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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 - 7/27/2015 6:43:06 PM
G - Pulled back today for a 3rd consecutive loss with above average volume, action indicative of distributional pressure. Reported earnings +8% on -11% sales revenues for the Jun '15 quarter, raising fundamental concerns, and its color code is changed to green. Found support recently 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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Company Profile |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$113.84
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-1.56
-1.35% |
$115.20
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166,207
89.84% of 50 DAV
50 DAV is 185,000
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$119.83
-5.00%
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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 - 7/27/2015 6:31:37 PM
G - Pulled back from its high with today's 3rd consecutive loss after getting very extended from its prior base. Its 50 DMA line defines important support to watch on pullbacks. Due to report earnings on 7/30/15. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended and Perched Near High With Earnings News Due Soon - 7/27/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$72.39
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-1.43
-1.94% |
$73.51
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253,221
66.46% of 50 DAV
50 DAV is 381,000
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$75.89
-4.61%
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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 - 7/23/2015 6:32:03 PM
Y - Still stubbornly holding its ground perched near its all-time high with volume totals cooling, an indication few are headed for the exit. Its 50 DMA line defines support where a violation would trigger a technical sell signal. Due to report earnings on 08/04/15, and volume and volatility often increase near earnings news. See the latest FSU analysis for more details and new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Near Highs - 7/23/2015 |
View all notes |
Set NEW NOTE alert |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$217.27
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-3.83
-1.73% |
$219.40
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1,488,788
103.82% of 50 DAV
50 DAV is 1,434,000
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$242.37
-10.36%
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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 - 7/24/2015 5:53:18 PM
Y - Reported earnings +40% on +21% sales revenues for the Jun '15 quarter. Color code was changed to yellow after finding support near prior highs in the $213 area. See the latest FSU analysis for more details with an annotated weekly graph and explanation of valid "Secondary Buy Points".
>>> FEATURED STOCK ARTICLE : Support Found After Abrupt Pullback Following Earnings News - 7/24/2015 |
View all notes |
Set NEW NOTE alert |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$257.30
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+5.38
2.14% |
$258.17
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2,066,753
127.89% of 50 DAV
50 DAV is 1,616,000
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$259.57
-0.87%
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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 - 7/23/2015 1:11:17 PM
Y - Reported earnings +34% on +34% sales revenues for the Jun '15 quarter. Volume and volatility often increase near earnings news. It gapped up above the pivot point and hit a new 52-week high with above average volume behind its gain triggering a new (or add-on) technical buy signal. The 50 DMA line ($231) and recent low ($219.56 on 6/29/15) define near-term support levels to watch.
>>> FEATURED STOCK ARTICLE : New Base Has Formed and Earnings News is Due Soon - 7/14/2015 |
View all notes |
Set NEW NOTE alert |
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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
|
$119.45
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-4.78
-3.85% |
$122.39
|
4,366,702
103.65% of 50 DAV
50 DAV is 4,213,000
|
$129.19
-7.54%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 7/27/2015 6:45:00 PM
G - Gapped down today after rebounding to its prior highs with a streak of gains lacking great volume conviction. The 50 DMA line and recent low ($93.06 on 6/22/15) define near-term support where violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average After Sharp Pullback - 7/17/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$78.43
|
-0.89
-1.12% |
$78.94
|
322,572
42.56% of 50 DAV
50 DAV is 758,000
|
$81.76
-4.07%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 7/22/2015 4:05:01 PM
G - Pulled back today for a 4th consecutive small loss. Still holding its ground above its "max buy" level with volume-totals cooling, an indication few are headed for the exit. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line ($75.15).
>>> 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
|
$54.29
|
+0.08
0.15% |
$54.91
|
162,731
51.01% of 50 DAV
50 DAV is 319,000
|
$61.05
-11.07%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 7/22/2015 4:01:02 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line with today's volume-driven gain helping its outlook improve. Damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns.
>>> 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
|
$170.57
|
-0.95
-0.55% |
$172.58
|
197,610
58.12% of 50 DAV
50 DAV is 340,000
|
$177.11
-3.69%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 7/22/2015 6:32:26 PM
Y - Above support at its 50 DMA line. Recent gains above the pivot point lacked the minimum +40% above average volume necessary to trigger a new (or add-on) technical buy signal. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Conviction; Earnings Report Soon Expected - 7/22/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$166.39
|
-3.15
-1.86% |
$168.87
|
730,111
88.18% of 50 DAV
50 DAV is 828,000
|
$171.21
-2.82%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
|
Most Recent Note - 7/27/2015 6:33:59 PM
Y - Color code is changed to yellow after pulling back today with higher (but below average) volume and it finished below its "max buy" level. Prior highs near $159 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Near "Max Buy" Level, But Recent Gains Lacked Great Volume Conviction - 7/20/2015 |
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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
|
$60.08
|
-2.83
-4.50% |
$62.70
|
191,734
77.00% of 50 DAV
50 DAV is 249,000
|
$63.56
-5.48%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 7/27/2015 6:37:11 PM
Y - Down today for a big loss on lighter volume and its color code is changed to yellow after closing just below its "max buy" level. Prior highs define near-term support with its 50 DMA line coinciding in the $57 area. Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 7/16/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$186.29
|
-10.59
-5.38% |
$194.80
|
2,295,749
154.49% of 50 DAV
50 DAV is 1,486,000
|
$200.55
-7.11%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 7/27/2015 6:40:09 PM
G - Gapped down today for a damaging looss on above average volume after wedging higher while getting extended from any sound base. Its 50 DMA line ($175.83) defines support to watch above recent lows in the $167 area where violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Wedging to New Highs After Brief Consolidation - 7/21/2015 |
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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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
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or 954-785-1121.
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