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AFTER MARKET UPDATE - TUESDAY, JULY 28TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+189.68 |
17,630.27 |
+1.09% |
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Volume |
908,436,120 |
+1% |
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Volume |
1,867,268,930 |
+5% |
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NASDAQ |
+49.43 |
5,089.21 |
+0.98% |
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Advancers |
2,274 |
73% |
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Advancers |
1,810 |
63% |
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S&P 500 |
+25.61 |
2,093.25 |
+1.24% |
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Decliners |
833 |
27% |
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Decliners |
1,061 |
37% |
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Russell 2000 |
+9.99 |
1,224.60 |
+0.82% |
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52 Wk Highs |
36 |
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52 Wk Highs |
36 |
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S&P 600 |
+5.59 |
702.45 |
+0.80% |
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52 Wk Lows |
197 |
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52 Wk Lows |
167 |
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New Lows Trumped New Highs as Major Averages Bounced
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow rose 189 points to 17630. The S&P 500 gained 25 points to 2093. The NASDAQ advanced 49 points to 5089 and rebounded above its 50-day moving average (DMA) line. Volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 11-4 margin on the NYSE and 9-5 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 10 stocks. The total number of new 52-week lows still solidly outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. There were gains for 8 of the 13 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 damaging distributional pressure Monday. Following Tuesday's gains the Dow Jones Industrial Average still remains below its 50-day moving average (DMA) line and below its 200 DMA line. The S&P 500 Index found support at its 200 DMA line but remains below its 50 DMA line.
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 Nasdaq Composite Index rebounded above its 50-day moving average (DMA) line after 5 consecutive losses, however, its MACD indicator has turned negative.
The major averages climbed as investors focused on mostly positive earnings and a rebound in commodity prices. On the earnings front, Pfizer (PFE +2.9%) and United Parcel Service (UPS +5.1%) rose after both topped quarterly expectations. Ford (F +1.9%) rose after strong F-150 sales helped the company top earnings projections. However, DuPont (DD -1.5%) fell after missing on top and bottom lines, as well as cutting the dividend. In materials, earnings beats left Eastman Chemical (EMN +6.8%) and Masco (MAS +10.7%) higher.
All 10 S&P 500 sectors advanced. Energy was up the most as Chevron (CVX +3.7%). In addition to positive earnings, materials benefitted from higher base metals prices. Freeport McMoRan (FCX +8.4%) surged. PayPal (PYPL +3.3%) rose on bullish analyst commentary. Regeneron (REGN +2.2%) was up on the heels of a new $2.2 billion partnership with Sanofi.
Economic data showed home price weakness in May. Measures of sentiment in July improved in the services area, but deteriorated among consumers.
Treasuries retraced some of yesterday’s advance as the Fed began its two-day meeting. The 10-year note slid 9/32 to yield 2.25%.
Commodities were mixed. WTI crude reversed course, finishing up 0.7% to $47.70 ahead of tonight’s inventory report. COMEX gold retreated 0.2% to $1094.70/ounce despite mild dollar weakness.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bounce Helped Energy Groups Outpace Tech, Retail, and Financials
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Gains from the Broker/Dealer Index ($XBD +0.71%), Bank Index ($BKX +0.45%), and the Retail Index ($RLX +0.43%) collectively had a positive influence on the major averages on Tuesday. The Oil Services Index ($OSX +3.86%) and the Integrated Oil Index ($XOI +3.03%) were standout gainers and the Gold & Silver Index ($XAU +1.73%) also rose. The Biotechnology Index ($BTK +2.23%), Semiconductor Index ($SOX +2.04%), and the Networking Index ($NWX +0.64%) posted unanimous gains.
PICTURED: The Integrated Oil Index ($XOI +3.03%) bounced after recent weakness violated prior lows. The fact-based investment system requires investors to focus on only buying stocks from leading industry groups (L criteria), and never to speculate on stocks in industry groups which are currently out of favor in the marketplace.
| Oil Services |
$OSX |
180.71 |
+6.72 |
+3.86% |
-14.30% |
| Integrated Oil |
$XOI |
1,211.80 |
+35.62 |
+3.03% |
-10.11% |
| Semiconductor |
$SOX |
650.90 |
+13.02 |
+2.04% |
-5.24% |
| Networking |
$NWX |
381.81 |
+2.42 |
+0.64% |
+6.67% |
| Broker/Dealer |
$XBD |
194.89 |
+1.37 |
+0.71% |
+5.55% |
| Retail |
$RLX |
1,201.20 |
+5.17 |
+0.43% |
+16.31% |
| Gold & Silver |
$XAU |
47.47 |
+0.81 |
+1.74% |
-30.98% |
| Bank |
$BKX |
77.92 |
+0.35 |
+0.45% |
+4.93% |
| Biotech |
$BTK |
4,269.68 |
+93.29 |
+2.23% |
+24.15% |
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Fundamental and Technical Action Improved Outlook
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Restoration Hardware Hld (RH +$2.86 or +3.21% to $91.95) was highlighted in yellow with a new pivot point cited based on its 3/30/15 high plus 10 cents in the earlier mid-day report (read here). Technically, there was a volume-driven breakout on 7/16/15, and volume totals have been cooling since while consolidating above prior highs in the $100-102 area defining initial support. Recently it reported earnings +28% on +15% sales revenues for the Apr '15 quarter, an improvement after Jan '15 earnings of +23% were below the +25% minimum earnings guideline (C criteria). The Retail - Home Furnishings firm found support at its 200 DMA line during its consolidation after dropped from the Featured Stocks list on 2/17/15. It was last shown in this FSU section on 2/03/15 with annotated graphs under the headline, "Quiet Rebound Above 50-Day Moving Average Helped Technical Stance" after a damaging loss on higher volume triggered a technical sell signal. There were a couple of big volume-driven gains along the way as it gradually overcame resistance due to overhead supply up through the $100 level. The fresh technical breakout and better earnings make the stock a more promising buy candidate. It reported earnings +37%, +53%, +23%, and 28% in the Jul, Oct '14, Jan and Apr '15 quarterly comparisons, respectively, so 3 of the past 4 comparisons show strong quarterly earnings above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been very strong since reorganization and trading began on 11/02/12. It completed a Secondary Offering 7/12/13 and named a new CEO 1/31/14. Its Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 274 in Dec '13 to 399 in Jun '15, a reassuring sign of increasing institutional interest (I criteria). Charts courtesy www.stockcharts.com
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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
|
$41.84
|
+0.27
0.65% |
$41.97
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41,088
128.40% of 50 DAV
50 DAV is 32,000
|
$42.99
-2.67%
|
4/27/2015
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$40.94
|
PP = $40.54
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|
MB = $42.57
|
Most Recent Note - 7/28/2015 6:49:13 PM
G - Halted its slide at its 50 DMA line today following 3 consecutive losses. Reported earnings +8% on -11% sales revenues for the Jun '15 quarter, raising fundamental concerns, and its color code was changed to green. Damaging losses leading to violations of the 50 DMA line and prior lows would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
|
$112.59
|
-1.25
-1.10% |
$114.29
|
205,363
110.41% of 50 DAV
50 DAV is 186,000
|
$119.83
-6.04%
|
6/10/2015
|
$101.47
|
PP = $97.78
|
|
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 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$72.68
|
+0.29
0.40% |
$73.43
|
372,919
97.88% of 50 DAV
50 DAV is 381,000
|
$75.89
-4.23%
|
5/18/2015
|
$67.42
|
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 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$217.82
|
+0.55
0.25% |
$219.79
|
1,271,488
88.79% of 50 DAV
50 DAV is 1,432,000
|
$242.37
-10.13%
|
6/8/2015
|
$209.97
|
PP = $213.43
|
|
MB = $224.10
|
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 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$257.95
|
+0.65
0.25% |
$259.99
|
1,853,808
113.11% of 50 DAV
50 DAV is 1,639,000
|
$259.57
-0.62%
|
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 |
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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
|
$119.26
|
-0.19
-0.16% |
$123.57
|
3,896,928
91.22% of 50 DAV
50 DAV is 4,272,000
|
$129.19
-7.69%
|
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
|
$78.80
|
+0.37
0.47% |
$79.06
|
311,071
41.04% of 50 DAV
50 DAV is 758,000
|
$81.76
-3.62%
|
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
|
$53.81
|
-0.48
-0.88% |
$54.46
|
224,673
70.21% of 50 DAV
50 DAV is 320,000
|
$61.05
-11.86%
|
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
|
$171.15
|
+0.58
0.34% |
$171.69
|
321,909
95.24% of 50 DAV
50 DAV is 338,000
|
$177.11
-3.37%
|
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 |
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$102.71
|
-0.58
-0.56% |
$104.31
|
961,998
133.43% of 50 DAV
50 DAV is 721,000
|
$105.98
-3.09%
|
7/28/2015
|
$102.40
|
PP = $102.10
|
|
MB = $107.21
|
Most Recent Note - 7/28/2015 6:46:17 PM
Y - Ended near the middle of its intra-day range after highlighted in yellow as a new pivot point was cited based on its 3/30/15 high plus 10 cents in the earlier mid-day report. Technically, there was a volume-driven breakout on 7/16/15. It is consolidating above prior highs in the $100-102 area defining initial support. Reported earnings +28% on +15% sales revenues for the Apr '15 quarter, an improvement after Jan '15 earnings of +23% were below the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Fundamental and Technical Action Improved Outlook - 7/28/2015 |
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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
|
$166.01
|
-0.38
-0.23% |
$167.86
|
651,994
79.32% of 50 DAV
50 DAV is 822,000
|
$171.21
-3.04%
|
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 |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$61.98
|
+1.90
3.16% |
$62.01
|
239,054
97.97% of 50 DAV
50 DAV is 244,000
|
$63.56
-2.49%
|
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
|
$186.83
|
+0.54
0.29% |
$188.83
|
1,242,297
82.22% of 50 DAV
50 DAV is 1,511,000
|
$200.55
-6.84%
|
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.
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