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AFTER MARKET UPDATE - TUESDAY, AUGUST 18TH, 2015
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Indices NYSE Nasdaq
DOW  -33.84 17,511.34 -0.19% Volume 674,964,420 -2% Volume 1,387,322,470 -1%
NASDAQ -32.35 5,059.35 -0.64% Advancers 1,073 35% Advancers 893 31%
S&P 500 -5.52 2,096.92 -0.26% Decliners 1,984 65% Decliners 1,949 69%
Russell 2000 -10.21 1,214.89 -0.83% 52 Wk Highs 99   52 Wk Highs 76  
S&P 600 -4.23 708.02 -0.59% 52 Wk Lows 178   52 Wk Lows 108  

Breadth Negative and New Lows Trumped New Highs as Major Averages Fell

Stocks finished mildly lower on Tuesday. The Dow lost 33 points to 17511. The S&P 500 was off 5 points to 2096. The NASDAQ declined 32 points to 5059.  The volume totals were reported slightly lower than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 64 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 71 stocks. There were gains for only 4 of the 16 high-ranked companies currently on the Featured Stocks Page. The number of new 52-week lows again outnumbered new 52-week highs on both the Nasdaq and on the NYSE.

The major averages (M criteria) have recently endured pressure, however there has been enough healthy leadership to still give investors reasons to be optimistic. The benchmark S&P 500 Index remains just above its 50-day moving average (DMA) line following Tuesday's loss, meanwhile, the Nasdaq Composite Index fell back below its 50 DMA line.

Charts courtesy www.stockcharts.com

PICTURED: The Dow Jones Industrial Average remains below its 50-day and 200-day moving average (DMA) lines which gave a bearish signal as they recently crossed. The Blue Chip index halted its slide above its December - January lows where any further deterioration would raise more serious concerns.

The major averages fluctuated as investors weighed economic data and international uncertainty. At home, a report showed new home construction climbed to the highest level in nearly eight years. The good news was tempered by a separate release showing new building permits declined in July. Abroad, China’s Shanghai Composite tumbled -6.2%, deepening a route in commodity producers in the U.S.

In earnings, Wal-Mart (WMT -3.38%) fell after posting disappointing EPS and lowering forward guidance for the year. Home Depot (HD +2.59%) rose after reporting better-than-expected revenue numbers. Dick’s Sporting Goods (DKS +3.77%) jumped after a slight earnings beat and positive forward guidance. Target (TGT +1.67%), which reports earnings on Wednesday, rose after reaching a deal with Visa (V +0.08%) to settle lawsuits regarding their 2013 data breach.

Eight out of the ten sectors in the S&P 500 finished in the red. The materials and energy sectors sold off once again while consumer discretionary stocks outperformed. The treasury curve steepened on Tuesday. The benchmark U.S. 10-year finished 8/32 lower to yield 2.19%.

Commodities were mixed. WTI crude rallied 1.3% higher to $42.40/barrel. COMEX gold lost 0.1% to $1117.10/ounce. In Forex, the Dollar Index advanced 0.2% against its peers with strength against the euro.

Stocks identified as the best matches with the fact-based investment system's guidelines currently are listed to the Featured Stocks Page. It shows the most current notes with headline links where members have access to 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.


Retail Index Rose While Tech and Other Groups Fell

The Retail Index ($RLX +0.90%) rose on Tuesday while most other groups struggled. The Broker/Dealer Index ($XBD -0.59%) suffered a modest loss as the Bank Index ($BKX +0.10%) eked out a tiny gain. The Semiconductor Index ($SOX -2.08%) led the tech pullback while the Biotechnology Index ($BTK -1.07%)and Networking Index ($NWX -1.18%) both also ended lower. The Gold & Silver Index ($XAU -1.96%) slumped again. Meanwhile, energy-linked groups were quiet as the Oil Services Index ($OSX +0.11%) inched higher and the Integrated Oil Index ($XOI -0.31%) edged lower.
Charts courtesy www.stockcharts.com

 

PICTURED: The Broker/Dealer Index ($XBD -0.59%) halted its slide at its 200-day moving average (DMA) line. That is a likely support level, however, more damaging losses leading to deterioration below the 200 DMA line would be a bad sign and would hurt the broader market outlook.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  177.10 +0.20 +0.11% -16.01%
Integrated Oil $XOI  1,203.26 -3.79 -0.31% -10.75%
Semiconductor $SOX  624.01 -13.24 -2.08% -9.15%
Networking $NWX  390.25 -4.65 -1.18% +9.03%
Broker/Dealer $XBD  188.40 -1.12 -0.59% +2.04%
Retail $RLX  1,254.54 +11.24 +0.90% +21.48%
Gold & Silver $XAU  50.56 -1.00 -1.94% -26.49%
Bank $BKX  78.38 +0.08 +0.10% +5.55%
Biotech $BTK  4,085.83 -44.03 -1.07% +18.80%


Sputtering Below 50-Day Average and Below Prior Highs

Illumina Inc (ILMN -$0.91 or -0.44% to $207.00) is still sputtering below its 50-day moving average (DMA) line. It outlook gets worse the longer it lingers below that important short-term average. The 200 DMA line ($198.83) defines the next important near-term support. Always follow the loss-limiting sell rules if any position ever falls more than -7% from your purchase price. The Medical - Research Equipment/Services firm has tallied only one gain with above average volume since it was last shown in this FSU section on 7/24/15 with an annotated graph under the headline, "Support Found After Abrupt Pullback Following Earnings News".

It reported earnings +40% on +21% sales revenues for the Jun '15 quarter, so its fundamentals remain strong, with earnings above the +25% minimum guideline (C criteria). However, in sequential quarterly comparisons the increases in sales revenues and earnings have shown deceleration in its growth rate. It reported earnings +71%, +93%, +72%, and +40% in the  Sep, Dec '14, Mar, and Jun '15 quarters, respectively, versus the year ago periods. Sales revenues increases were +35%, +32%, +28%, and +21%  during that span. Its annual earnings (A criteria) growth history has improved steadily since a downturn in FY '09.

Its Relative Strength rating, now 80, is right at the 80+ minimum guideline for buy candidates. Resistance remains due to overhead supply up through the $242 level which may hinder its upward price progress for the near term. The number of top-rated funds owning its shares rose from 877 in Dec '13 to 1,174 in Jun '15, a reassuring sign concerning the I criteria. However, its abrupt pullback prompted a member inquiry and response which was included in the 7/23/15 After Market Report - see Ken's Mail Bag (read here).

 
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  
$41.94 -0.61
-1.43%

$42.70

15,867
46.67% of 50 DAV
50 DAV is 34,000
$42.99
-2.44%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 8/14/2015 1:35:30 PM
G - Rebounding above its 50 DMA line today helps its technical stance. Earnings +8% on -11% sales revenues for the Jun '15 quarter, raised fundamental concerns. Recent low ($40.11 on 8/12/15) defines important support where any subsequent violation would trigger a more worrisome technical sell signal.
>>> 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  
$131.04 -0.43
-0.33%

$132.33

141,376
59.15% of 50 DAV
50 DAV is 239,000
$134.79
-2.78%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 8/18/2015 1:56:40 PM
G -Still stubbornly holding its ground near its all-time high following gains marked by above average volume. Previously noted with caution - "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 
AHS - NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service  
$36.31 -0.83
-2.23%

$37.25

680,690
99.37% of 50 DAV
50 DAV is 685,000
$37.16
-2.29%
8/5/2015 $34.50 PP = $32.53
MB = $34.16
Most Recent Note - 8/17/2015 12:26:14 PM
G - Wedging further above its "max buy" level and getting more extended. Disciplined investors avoid chasing extended stocks. Prior highs in the $32 area define initial support to watch above its 50 DMA line ($30.90).
>>> 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  
$207.00 -0.91
-0.44%

$209.50

1,024,685
70.18% of 50 DAV
50 DAV is 1,460,000
$242.37
-14.59%
6/8/2015 $209.97 PP = $213.43
MB = $224.10
Most Recent Note - 8/18/2015 6:30:19 PM
G - Still sputtering below its 50 DMA line. Outlook gets worse the longer it lingers below that important short-term average. The 200 DMA line ($198.83) defines the next important near-term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Average and Below Prior Highs - 8/18/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$187.66 +1.37
0.74%

$188.24

308,848
72.30% of 50 DAV
50 DAV is 427,200
$194.73
-3.63%
7/29/2015 $190.13 PP = $191.11
MB = $200.67
Most Recent Note - 8/18/2015 2:05:10 PM
G - Consolidating above its 50 and 200 DMA lines and perched only -3.5% off all-time highs. Fundamental concerns were recently noted after it reported earnings +19% on +15% sales revenues for the Jun '15 quarter, below the +25% minimum earnings guideline (C criteria). It stalled after 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).
>>> 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 
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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$249.97 +0.22
0.09%

$252.51

873,743
51.88% of 50 DAV
50 DAV is 1,684,000
$263.81
-5.25%
7/14/2015 $236.75 PP = $246.11
MB = $258.42
Most Recent Note - 8/18/2015 2:18:01 PM
Y - Quietly consolidating above its 50 DMA line. Endured distributional pressure after wedging higher with recent gains lacking great volume conviction. Its 7/23/15 gap up above the pivot point triggered a new (or add-on) technical buy signal.
>>> 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  
$159.82 -0.42
-0.26%

$163.60

105,380
79.23% of 50 DAV
50 DAV is 133,000
$176.88
-9.64%
8/5/2015 $157.22 PP = $145.15
MB = $152.41
Most Recent Note - 8/18/2015 2:15:52 PM
G -Volume totals have been cooling while consolidating well above prior highs in the $145 area defining initial support to watch. Risk increases the further one chases a stock above prior highs.
>>> FEATURED STOCK ARTICLE : Abrupt Retreat Following Breakout for Stock With Small Supply - 8/6/2015
 |  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  
$105.32 -3.40
-3.13%

$108.97

1,498,663
35.57% of 50 DAV
50 DAV is 4,213,000
$129.19
-18.48%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 8/18/2015 1:51:36 PM
G - Still sputtering below its 50 DMA line. Outlook gets worse the longer it lingers below that important short-term average. Damaging losses below recent lows ($104.26 on 8/12/15) would raise greater concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Choppy Consolidation is Not a New Cup-With-Handle Base - 8/7/2015
 |  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  
$81.65 -0.29
-0.35%

$82.40

396,370
52.36% of 50 DAV
50 DAV is 757,000
$85.62
-4.64%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 8/14/2015 1:37:17 PM
G - Completed a Secondary Offering on 8/12/15. Recent consolidation was 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.
>>> 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 
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$54.08 -0.49
-0.90%

$54.92

172,828
51.59% of 50 DAV
50 DAV is 335,000
$61.05
-11.41%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 8/18/2015 1:54:59 PM
G - Still sputtering below its 50 DMA line which has recently acted as resistance. Damaging losses below the recent low ($50.07 on 7/07/15) or its 200 DMA line would raise greater concerns and trigger a worrisome technical sell signal.
>>> 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 
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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$176.92 -0.07
-0.04%

$177.41

154,447
56.57% of 50 DAV
50 DAV is 273,000
$179.97
-1.69%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 8/17/2015 5:33:09 PM
G - Color code changed to green after fundamental concerns were raised as Jun '15 earnings were +20% on +8% sales revenues, below the +25% minimum earnings guideline (C criteria). Recently found 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 more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Raised - Earnings Below +25% Guideline - 8/17/2015
 |  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  
$100.01 -0.44
-0.44%

$101.56

424,705
54.17% of 50 DAV
50 DAV is 784,000
$105.98
-5.63%
7/28/2015 $102.40 PP = $102.10
MB = $107.21
Most Recent Note - 8/18/2015 2:09:27 PM
Y - Still consolidating just above its 50 DMA line ($99.38). More damaging losses below the recent low ($96.13 on 8/12/15) would raise greater concerns and trigger a worrisome technical sell signal.
>>> 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  
$173.32 +1.93
1.13%

$176.77

1,023,657
154.40% of 50 DAV
50 DAV is 663,000
$171.61
1.00%
5/29/2015 $155.03 PP = $159.95
MB = $167.95
Most Recent Note - 8/18/2015 2:14:03 PM
G - Hitting a new 52-week high with today's 4th consecutive gain. Recent lows and its 50 DMA line define support to watch in the $162-163 area.
>>> FEATURED STOCK ARTICLE : Recent Gains Have Still Lacked Substantial Volume Conviction - 8/13/2015
 |  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  
$64.73 -0.27
-0.42%

$65.73

364,600
138.11% of 50 DAV
50 DAV is 264,000
$68.16
-5.03%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 8/17/2015 1:01:39 PM
G - Pulled back from its 52-week high with volume-driven losses. Rallied from support at its 50 DMA line but did not form a sound base. Reported earnings +36% on +32% sales revenues for the Jun '15 quarter.
>>> FEATURED STOCK ARTICLE : Earnings News Often Leads to Greater Volume and Volatility - 8/10/2015
 |  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  
$173.65 -2.12
-1.21%

$177.48

502,182
34.73% of 50 DAV
50 DAV is 1,446,000
$200.55
-13.41%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 8/14/2015 6:29:44 PM
G - Latest gains have lacked volume conviction after volume-driven losses raised concerns and triggered technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Following Damaging Losses Gains Came With Light Volume - 8/14/2015
 |  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
INGN - NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies  
$50.28 +0.29
0.58%

$50.79

202,341
75.78% of 50 DAV
50 DAV is 267,000
$51.86
-3.05%
8/12/2015 $49.01 PP = $45.85
MB = $48.14
Most Recent Note - 8/17/2015 12:54:17 PM
G - Quickly got extended from its latest sound base. Highlighted in 8/12/15 mid-day report with a pivot point cited based on its 6/23/15 high plus 10 cents (read here), it technically broke out with a considerable gap up and gain backed by +252% above average volume for a new 52-week high. Limited history and broader market weakness (M criteria) is a concern.
>>> FEATURED STOCK ARTICLE : Finished Strong With Volume-Driven Breakout Gain - 8/12/2015
 |  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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