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AFTER MARKET UPDATE - WEDNESDAY, AUGUST 19TH, 2015
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Indices NYSE Nasdaq
DOW  -162.61 17,348.73 -0.93% Volume 822,776,550 +22% Volume 1,659,046,730 +20%
NASDAQ -40.30 5,019.05 -0.80% Advancers 763 25% Advancers 743 26%
S&P 500 -17.31 2,079.61 -0.83% Decliners 2,299 75% Decliners 2,141 74%
Russell 2000 -11.91 1,202.98 -0.98% 52 Wk Highs 34   52 Wk Highs 31  
S&P 600 -6.66 701.36 -0.94% 52 Wk Lows 279   52 Wk Lows 156  

Indices Fell With Volume Rising Indicating Distributional Pressure

The major averages sold off on Wednesday. The Dow was off 162 points to 17348. The S&P 500 declined 17 points to 2079. The NASDAQ fell 40 points to 5019. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of increasing selling pressure coming from the institutional crowd. Breadth was solidly negative as decliners led advancers by a 3-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. Leadership contracted as there were 25 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 64 stocks. There were gains for only 3 of the 16 high-ranked companies currently on the Featured Stocks Page. The number of new 52-week lows swelled again and solidly outnumbered new 52-week highs on both the Nasdaq and on the NYSE. The major averages have recently endured pressure, and the benchmark S&P 500 Index and Nasdaq Composite Index both are again sputtering below their respective 50-day moving average (DMA) lines.
Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index met resistance at its 50-day moving average (DMA) line when trying to rebound, then fell with higher volume. Recent lows and its 200 DMA line define important near-term support where any further deterioration would raise more serious concerns with respect to the broader market outlook (M criteria).  Disciplined investors have seen very few new buying opportunities in recent weeks meeting the strict guidelines of the fact-based investment system, and patience remains paramount.

The major averages retreated as investors focused on international weakness and the Fed. An overnight selloff in emerging markets spurred speculation that the pace of global growth may be slowing. Domestic data today showed consumer prices rose 0.1% in July, missing estimates of a 0.2% gain; however, weekly wages rose 2.2%, above the prior reading of 1.8%. July’s FOMC minutes were released, with the Fed noting they needed more confidence that inflation is moving towards their target before hiking interest rates.

Eight out of ten sectors in the S&P 500 finished lower. Energy and materials stocks lagged once again while the utilities and telecom sectors were the lone gainers.

In earnings, Target (TGT +0.71%) rose after surpassing profit expectations and raising guidance. Lowe’s (LOW +1.85%) was higher on stronger-than-expected sales. Separately, Yum! Brands (YUM +2.24%) advanced on the heels of new management changes.

Treasuries advanced on bids for perceived safe havens. The 10-year note advanced 20/32 to yield 2.12%.

Commodities are mixed. WTI crude plunged 4.8% to $40.56/barrel after inventories unexpectedly rose last week. Exxon (XOM -2.15%) and Chevron (CVX -3%) both sank in sympathy with the falling prices. COMEX gold was 1.5% higher to $1133.80/ounce.

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.


Energy-Linked Groups Dove; Gold & Silver Index a Standout Gainer

Energy-linked groups were hit hard on Wednesday as the Oil Services Index ($OSX -3.04%) and the Integrated Oil Index ($XOI -3.02%) both fell more than -3%. Financial shares were a negative influence on the major averages as the Broker/Dealer Index ($XBD -1.48%) and the Bank Index ($BKX -1.07%) both fell. The Biotechnology Index ($BTK -1.04%) and Semiconductor Index ($SOX -0.91%) led the tech pullback while the Networking Index ($NWX -0.67%) suffered a smaller loss. The Retail Index ($RLX -0.18%) held its ground better than most other areas but finished wth s small loss. Meanwhile the Gold & Silver Index ($XAU +2.78%) was a standout gainer. 
Charts courtesy www.stockcharts.com

  

PICTURED: The Oil Services Index ($OSX -3.04%) met resistance at its 200-day moving average (DMA) line in May and has since slumped to new multi-year lows. 

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  171.72 -5.38 -3.04% -18.57%
Integrated Oil $XOI  1,166.94 -36.32 -3.02% -13.44%
Semiconductor $SOX  618.32 -5.69 -0.91% -9.98%
Networking $NWX  387.62 -2.63 -0.67% +8.29%
Broker/Dealer $XBD  185.61 -2.79 -1.48% +0.52%
Retail $RLX  1,252.28 -2.26 -0.18% +21.26%
Gold & Silver $XAU  51.96 +1.40 +2.77% -24.45%
Bank $BKX  77.54 -0.84 -1.07% +4.42%
Biotech $BTK  4,043.52 -42.31 -1.04% +17.57%


Slumped Quietly Below 50-Day Moving Average Line

Restoration Hardware Hld (RH  -$0.96 or -0.96% to $99.05) quietly slumped to a close just below its 50-day moving average (DMA) line ($99.48) amid broader market weakness. More damaging losses below the recent low ($96.13 on 8/12/15) would raise greater concerns and trigger a worrisome technical sell signal. Meanwhile, the Retail - Home Furnishings firm faces near-term resistance due to overhead supply up through the $106 level.

It was last shown in this FSU section on 7/28/15 with annotated graphs under the headline, "Fundamental and Technical Action Improved Outlook", after 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 while consolidating mostly above prior highs in the $100-102 area.

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). 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 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 274 in Dec '13 to 396 in Jun '15, a reassuring sign of increasing institutional interest (I 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  
$41.50 -0.44
-1.05%

$42.03

33,054
97.22% of 50 DAV
50 DAV is 34,000
$42.99
-3.46%
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  
$130.99 -0.05
-0.04%

$132.43

186,913
78.21% of 50 DAV
50 DAV is 239,000
$134.79
-2.82%
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  
$36.47 +0.16
0.44%

$36.84

663,044
96.79% of 50 DAV
50 DAV is 685,000
$37.25
-2.09%
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  
$205.65 -1.35
-0.65%

$207.45

1,047,275
71.73% of 50 DAV
50 DAV is 1,460,000
$242.37
-15.15%
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  
$186.20 -1.46
-0.78%

$187.60

549,428
130.94% of 50 DAV
50 DAV is 419,600
$194.73
-4.38%
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  
$244.91 -5.06
-2.02%

$249.53

1,262,141
74.95% of 50 DAV
50 DAV is 1,684,000
$263.81
-7.16%
7/14/2015 $236.75 PP = $246.11
MB = $258.42
Most Recent Note - 8/19/2015 4:02:12 PM
Y - Still quietly consolidating above prior highs and its 50 DMA line ($239.51). Endured distributional pressure after wedging higher with recent gains lacking great volume conviction.
>>> 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  
$158.62 -1.20
-0.75%

$161.27

135,922
102.20% of 50 DAV
50 DAV is 133,000
$176.88
-10.32%
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  
$104.64 -0.68
-0.65%

$106.13

2,025,918
48.09% of 50 DAV
50 DAV is 4,213,000
$129.19
-19.00%
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  
$79.17 -2.48
-3.04%

$81.87

1,051,976
138.97% of 50 DAV
50 DAV is 757,000
$85.62
-7.53%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 8/19/2015 3:58:42 PM
G - Down today with above average volume. 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  
$53.73 -0.35
-0.65%

$54.67

163,450
48.79% of 50 DAV
50 DAV is 335,000
$61.05
-11.99%
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  
$174.01 -2.91
-1.64%

$175.56

335,808
123.01% of 50 DAV
50 DAV is 273,000
$179.97
-3.31%
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  
$99.05 -0.96
-0.96%

$100.08

489,734
62.47% of 50 DAV
50 DAV is 784,000
$105.98
-6.54%
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 : Slumped Quietly Below 50-Day Moving Average Line - 8/19/2015
 |  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  
$172.62 -0.70
-0.40%

$173.93

739,628
111.56% of 50 DAV
50 DAV is 663,000
$176.77
-2.35%
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  
$64.12 -0.61
-0.94%

$64.69

185,977
70.45% of 50 DAV
50 DAV is 264,000
$68.16
-5.93%
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  
$174.12 +0.47
0.27%

$175.94

867,544
60.00% of 50 DAV
50 DAV is 1,446,000
$200.55
-13.18%
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  
$50.92 +0.64
1.27%

$51.29

112,523
42.14% of 50 DAV
50 DAV is 267,000
$51.86
-1.81%
8/12/2015 $49.01 PP = $45.85
MB = $48.14
Most Recent Note - 8/19/2015 5:39:42 PM
G - Posted a small gain today on below average volume. Prior highs near $45 define initial support above its 50 DMA line.
>>> 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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