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AFTER MARKET UPDATE - WEDNESDAY, AUGUST 5TH, 2015
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Indices NYSE Nasdaq
DOW  -10.22 17,540.47 -0.06% Volume 891,274,150 +12% Volume 1,888,741,740 +15%
NASDAQ +34.39 5,139.94 +0.67% Advancers 1,538 50% Advancers 1,668 58%
S&P 500 +6.52 2,099.84 +0.31% Decliners 1,554 50% Decliners 1,211 42%
Russell 2000 +2.91 1,231.75 +0.24% 52 Wk Highs 136   52 Wk Highs 142  
S&P 600 +2.81 711.29 +0.40% 52 Wk Lows 278   52 Wk Lows 125  

Indices Were Mixed But Showed More Conviction and Leadership

Stocks were mixed on Wednesday. The Dow closed 10 points lower to 17540. The S&P 500 advanced 6 points to 2099 while the NASDAQ climbed 34 points to 5140. Volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of greater institutional conviction. Breadth was near even on the NYSE while advancers led decliners by a 4-3 margin on the Nasdaq exchange. Leadership reassuringly improved as there were 98 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 60 stocks. There were gains for 13 of the 16 high-ranked companies currently on the Featured Stocks Page.  New 52-week lows again outnumbered new 52-week highs on the NYSE, but new highs outnumbered new lows on the Nasdaq exchange.

Healthy leadership has allowed the major indices (M criteria) to maintain an uptrend despite repeatedly noted distributional pressure. The Nasdaq Composite Index remains above its 50-day moving average (DMA) line, and growth areas have shown greater resilience than defensive groups and commodity-linked groups. Subsequent losses for the S&P 500 Index or the Dow could sound alarms that the market environment is deteriorating, especially if these indices violate their respective 7/27/15 lows. The Dow Jones Industrial Average still remains below its 50 and 200 DMA lines, while a rebound above those lines would be a reassuring sign for market bulls.

Regular readers have seen new matches with the fact-based investment system's strict guidelines added to the Featured Stocks Page. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.

Charts courtesy www.stockcharts.com
 
PICTURED: The S&P 500 Index rebounded above its 50-day moving average (DMA) line.  
 
The major averages lost steam near the finish as corporate earnings reports remained in the forefront. In economic news, ADP employment numbers showed the U.S. added fewer-than-expected jobs in July. A separate release showed service industries in the U.S. expanded at the fastest pace in a decade.

In earnings, Disney (DIS -9.17%) tumbled, citing subscriber losses at ESPN and currency tailwinds for disappointing revenue numbers. Lumber Liquidators (LL - 27.72%) plunged after posting a surprise loss in the second quarter. On the positive side, Priceline (PCLN +5.24%) advanced after an increase in gross bookings lead to a strong profit beat. First Solar (FSLR +16.67%) surged on strong earnings and encouraging forward guidance.

Seven out of ten sectors in the S&P 500 were positive. Tech and consumer staples stocks led the way while the consumer discretionary sector underperformed. Treasuries sold off for the second-consecutive session. The benchmark U.S. 10-year note fell 12/32 to yield 2.27%.

Commodities moved lower after mild strength in the morning. WTI crude retreated 1.2% to $45.20/barrel. COMEX gold slipped 0.5% to $1085.70/ounce. The dollar index was flat on the session

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.

 

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.


Tech, Retail, and Bank Indexes Rose

The Retail Index ($RLX +1.06%) and the Bank Index ($BKX +0.52%) posted gains that helped boost the major indices on Wednesday, meanwhile the Broker/Dealer Index ($XBD -0.89%) created a drag. The Networking Index ($NWX +1.55%), Semiconductor Index ($SOX +1.17%), and the Biotechnology Index ($BTK +0.76%) posted unanimous gains. The Oil Services Index ($OSX -0.01%) was unchanged but the Integrated Oil Index ($XOI -0.64%) fell, and the Gold & Silver Index ($XAU -2.56%) was a standout decliner once again.
Charts courtesy www.stockcharts.com 

PICTURED: The Semiconductor Index ($SOX +1.17%) is trying to make a stand above its July 27th low. It remains trading well below its 50-day and 200-day moving average (DMA) lines which have nearly converged because the recent weakness in the group has been considerable.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  176.03 -0.02 -0.01% -16.52%
Integrated Oil $XOI  1,178.89 -7.60 -0.64% -12.55%
Semiconductor $SOX  644.62 +7.44 +1.17% -6.15%
Networking $NWX  393.54 +6.00 +1.55% +9.95%
Broker/Dealer $XBD  193.18 -1.73 -0.89% +4.62%
Retail $RLX  1,243.29 +13.00 +1.06% +20.39%
Gold & Silver $XAU  44.51 -1.16 -2.54% -35.29%
Bank $BKX  78.79 +0.41 +0.52% +6.10%
Biotech $BTK  4,287.95 +32.21 +0.76% +24.68%


Gap Up Gain Triggered Technical Buy Signal Following Earnings

A M N Healthcare Svcs (AHS +$4.03 or +13.37% to $34.17) was highlighted in yellow with new pivot point based on its 7/01/15 high plus 10 cents in the earlier mid-day report (read here). Hitting a new 52-week high with a "breakaway gap" today, it triggered a technical buy signal as it rallied with heavy volume from a 5-week flat base during which it found support at its 50-day moving average (DMA) line.

It reported earnings +80% on +40% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly comparison with earnings above the 25% minimum guideline (C criteria), helping it better match the fact-based investment system's winning models. Sequentially, its quarterly comparisons have shown encouraging acceleration as earnings rose +35%, +67%, and +81% on the Dec '14, Mar and Jun '15 periods, respectively.  Sales revenues rose +12%, +36%, and +40% over that same span. 

The number of top-rated funds owning its shares rose from 282 in Sep '14 to 314 in Jun '15, a reassuring sign concerning the I criteria.  Its current Up/Down Volume ratio of 1.5 is also an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 47.6 million shares outstanding (S criteria) con contribute to greater volatility in the event of institutional buying or selling.

AHS has a Timeliness rating of A and Sponsorship Rating of B. The Commercial Services - Staffing industry group has a mediocre Group Relative Strength rating of 52, however leadership from a few staffing firms is a reassuring sign concerning the L criteria.

Charts courtesy www.stockcharts.com


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  
$41.96 +0.32
0.77%

$42.16

52,131
162.91% of 50 DAV
50 DAV is 32,000
$42.99
-2.39%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 8/5/2015 8:36:35 PM
G - Still consolidating above its 50 DMA line ($41.36)defining near-term support. 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 While Consolidating After Sub Par Quarter - 7/30/2015
 |  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  
$133.44 +8.13
6.49%

$134.79

597,693
298.85% of 50 DAV
50 DAV is 200,000
$128.74
3.65%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 8/5/2015 12:33:01 PM
G - Hitting yet another new high with above average volume behind today's 6th consecutive gain. Previously noted - "It may produce more climactic gains, however it is very extended from its prior base. Its recent low ($111.43 on 7/29/15) defines near term support above its 50 DMA line."
>>> 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 | SEC News | Chart | Request a new note C A  S  I 
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$70.14 -2.85
-3.90%

$75.26

1,808,497
464.91% of 50 DAV
50 DAV is 389,000
$76.69
-8.54%
5/18/2015 $67.42 PP = $70.59
MB = $74.12
Most Recent Note - 8/5/2015 12:42:33 PM
G - Finding prompt support and rebounding from earlier lows after violating its 50 DMA line with a damaging loss today triggering a worrisome technical sell signal. Color code was changed to green. Reported earnings +21% on +25% sales revenues for the Jun '15 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Near Highs - 7/23/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AHS - NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service  
$34.17 +4.03
13.37%

$36.34

3,161,347
512.37% of 50 DAV
50 DAV is 617,000
$32.53
5.04%
8/5/2015 $34.50 PP = $32.53
MB = $34.16
Most Recent Note - 8/5/2015 7:07:00 PM

Y - Finished near its "max buy" level after highlighted in yellow with new pivot point based on its 7/01/15 high plus 10 cents in the earlier mid-day report (read here). Hit a new 52-week high with a "breakaway gap" today, rallying with heavy volume from a 5-week flat base during which it found support at its 50 DMA line. Reported earnings +80% on +40% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's winning models. See the latest FSU analysis for additional details and an annotated graph.


>>> FEATURED STOCK ARTICLE : Gap Up Gain Triggered Technical Buy Signal Following Earnings - 8/5/2015
 |  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  
$215.86 +1.55
0.72%

$219.36

798,687
56.36% of 50 DAV
50 DAV is 1,417,000
$242.37
-10.94%
6/8/2015 $209.97 PP = $213.43
MB = $224.10
Most Recent Note - 8/5/2015 8:30:29 PM
Y - Still trading near its 50 DMA line and above prior highs in the $213 area with volume totals cooling. Damaging losses below recent lows ($207) would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Support Found After Abrupt Pullback Following Earnings News - 7/24/2015
 |  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
JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$191.90 +1.24
0.65%

$194.64

700,692
170.07% of 50 DAV
50 DAV is 412,000
$194.73
-1.45%
7/29/2015 $190.13 PP = $191.11
MB = $200.67
Most Recent Note - 8/5/2015 8:33:49 PM
Y - Reported earnings +19% on +15% sales revenues for the Jun '15 quarter, below the +25% minimum earnings guideline (C criteria) raising concerns. Members were previously reminded that volume and volatility often increase near earnings news. Posted a gain today with above average volume. Held its ground since highlighted in yellow with pivot point cited based on its 4/27/15 high plus 10 cents in the 7/29/15 mid-day report (read here), following a technical breakout with a considerable volume-driven gain on the prior session.
>>> FEATURED STOCK ARTICLE : No Resistance Due to Overhead Supply For Drug Firm - 7/29/2015
 |  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  
$262.52 +2.54
0.98%

$263.79

1,242,167
74.92% of 50 DAV
50 DAV is 1,658,000
$260.79
0.66%
7/14/2015 $236.75 PP = $246.11
MB = $258.42
Most Recent Note - 8/3/2015 5:44:25 PM
Y - Holding its ground after its 7/23/15 gap up above the pivot point triggered a new (or add-on) technical buy signal. Prior highs in the $246 area define initial support above the 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Latest Technical Breakout - 8/3/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
USNA - NYSE
U S A N A Health Science
DRUGS - Drug Related Products  
$176.12 +46.71
36.09%

$176.88

451,098
388.88% of 50 DAV
50 DAV is 116,000
$145.05
21.42%
8/5/2015 $157.22 PP = $145.15
MB = $152.41
Most Recent Note - 8/5/2015 8:47:29 PM
G - Color code is changed to green. Quickly got very extended and finished at the session high after highlighted in yellow with a pivot point based on its 7/02/15 high plus 10 cents in the earlier mid-day report (read here). A "breakaway gap" is one noted exception where buying more than +5% above a prior high is allowed under the fact-based investment system. Risk increases the further one chases a stock above prior highs. Reported +41% earnings on +24% sales revenues for the Jun '15 quarter, and 3 of the past 4 quarterly comparisons versus the year ago periods were above the +25% minimum guideline (C criteria) while sales revenues growth showed acceleration. Ownership by top-rated funds rose from 226 in Jun '14 to 263 in Jun '15, a reassuring sign with respect to the I criteria. Its annual earnings (A criteria) growth rate has been improving since a downturn in FY '08.  There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$115.05 +0.40
0.35%

$116.73

1,798,030
40.78% of 50 DAV
50 DAV is 4,409,000
$129.19
-10.95%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 8/3/2015 5:46:39 PM
G - Pulling back toward its 50 DMA line ($106.83) defining near-term support. A violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average After Sharp Pullback - 7/17/2015
 |  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  
$82.97 +5.08
6.52%

$85.62

1,445,424
191.19% of 50 DAV
50 DAV is 756,000
$81.76
1.48%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 8/5/2015 12:13:21 PM
G - Considerable volume-driven gain today for a new high, rallying from a brief consolidation, not a sound base pattern of sufficient length. Reported strong sales and earnings increases with acceleration again for Jun '15 quarter. Its 50 DMA line and recent lows define important support. See the latest FSU analysis for additional details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Pullback Followed Another Strong Quarter Reported With Acceleration - 8/4/2015
 |  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
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$54.34 -0.82
-1.49%

$55.98

203,813
64.09% of 50 DAV
50 DAV is 318,000
$61.05
-10.99%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 8/5/2015 8:38:28 PM
Y - Quietly consolidating near its 50 DMA line. Damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line - 7/31/2015
 |  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  
$179.04 +0.67
0.38%

$179.83

243,655
73.61% of 50 DAV
50 DAV is 331,000
$179.53
-0.27%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 8/5/2015 8:35:17 PM
Y - Posted a small gain with below average volume today for a best ever close. Found encouraging support at its 50 DMA line, however, recent gains above the pivot point lacked the minimum +40% above average volume necessary to trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Conviction; Earnings Report Soon Expected - 7/22/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
RH - NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores  
$103.69 +0.49
0.47%

$104.29

329,864
44.04% of 50 DAV
50 DAV is 749,000
$105.98
-2.16%
7/28/2015 $102.40 PP = $102.10
MB = $107.21
Most Recent Note - 8/3/2015 5:52:17 PM
Y - Consolidating near prior highs in the $100-102 area defining initial support. Its 50 DMA line ($97.40) defines the next important support level to watch.
>>> FEATURED STOCK ARTICLE : Fundamental and Technical Action Improved Outlook - 7/28/2015
 |  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  
$167.01 +1.94
1.18%

$167.77

507,159
61.92% of 50 DAV
50 DAV is 819,000
$171.21
-2.45%
5/29/2015 $155.03 PP = $159.95
MB = $167.95
Most Recent Note - 8/3/2015 5:53:30 PM
Y - Consolidating well above prior highs in the $159 area defining initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Near "Max Buy" Level, But Recent Gains Lacked Great Volume Conviction - 7/20/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LXFT - NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs  
$60.44 -1.04
-1.69%

$62.37

192,413
78.86% of 50 DAV
50 DAV is 244,000
$63.56
-4.91%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 8/3/2015 5:48:54 PM
G - Trading above its "max buy" level and its color code is changed to green. Its 50 DMA line ($58.07)defines near term support above prior highs in the $57 area. Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 7/16/2015
 |  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
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$190.27 +4.77
2.57%

$190.80

1,096,951
71.23% of 50 DAV
50 DAV is 1,540,000
$200.55
-5.13%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 8/3/2015 5:50:14 PM
G - It is extended from any sound base, consolidating above its 50 DMA line ($178.57) which defines support to watch. A violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Wedging to New Highs After Brief Consolidation - 7/21/2015
 |  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.

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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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