Help Lines 954-785-1121
 


You are not logged in. Upgrade Here
 <<<Previous Mid Day Report     Next Mid Day Report >>> 
 <<<Previous After Market Report Next After Market Report >>> 
You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - THURSDAY, AUGUST 20TH, 2015
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -358.04 16,990.69 -2.06% Volume 903,671,160 +10% Volume 1,976,562,130 +19%
NASDAQ -141.56 4,877.49 -2.82% Advancers 531 17% Advancers 463 16%
S&P 500 -43.88 2,035.73 -2.11% Decliners 2,679 83% Decliners 2,405 84%
Russell 2000 -30.45 1,172.53 -2.53% 52 Wk Highs 8   52 Wk Highs 15  
S&P 600 -15.06 686.30 -2.15% 52 Wk Lows 352   52 Wk Lows 236  

Leadership Evaporates and Damage Grows as Correction Takes Toll on Leaders

Stocks moved firmly lower on Thursday. The Dow was down 357 points to 16990. The S&P 500 was off 43 points to 2035. The NASDAQ declined 141 points to 4877. Technical deterioration in the charts of the major averages (M criteria) coupled with a contraction in leadership earned the label of a market "correction". 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 5-1 margin on the NYSE and on the Nasdaq exchange. Leadership contracted as there were only 4 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down abruptly from the prior session total of 25 stocks. There were losses for all 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.
Charts courtesy www.stockcharts.com

PICTURED: The S&P 500 Index and Nasdaq Composite Index (not shown) both violated their 200-day moving average (DMA) lines and undercut their July lows with big losses on higher volume. The Dow Jones Industrial Average fell to lows not seen since October 2014. 

Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. This is precisely how the fact-based investment system prompts investors to reduce exposure in weak markets, preserving cash until another confirmed rally marked by solid leadership.

The S&P 500 moved into negative territory for the year as international uncertainty weighed on investors. On our shores, new jobless claims were slightly higher than expected this week, but remained near record lows. A separate report showed existing home sales last month were stronger than anticipated. Another release showed a survey of leading indicators in July proved more pessimistic than expected.

All ten sectors in the S&P 500 lost on the day with tech and consumer discretionary stocks declining the most. Netflix (NFLX -7.8%) and Facebook (FB -5.0%) as even 2015’s best performers weren’t immune from the sell-off. On the earnings front, Sears Holdings (SHLD -1.6%) fell despite posting a smaller-than-expected loss in the second quarter. L Brands (LB +3.4%) rose after matching analyst profit expectations and raising full year guidance. In other news, Micron (MU -7.3%) sank to a 12-month low after receiving a downgrade.

The treasury curve flattened. The benchmark U.S. 10-year note finished up 14/32 to yield 2.08%.

Commodities were mixed. WTI crude rebounded 0.8% to $41.14/barrel. COMEX gold traded 2.2% higher to $1153.40/ounce. In FOREX, the dollar index was down 0.4% with weakness against the yen and euro.

The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help 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.


Tech, Financial, Retail and Energy Groups Fell

Financial shares were a negative influence on the major averages as the Broker/Dealer Index ($XBD -2.23%) and the Bank Index ($BKX -2.87%) both fell on Thursday. The Biotechnology Index ($BTK -4.64%), Semiconductor Index ($SOX -3.81%), and the Networking Index ($NWX -3.66%) suffered big and broad-based losses. The Retail Index ($RLX -2.16%) also slumped. Energy-linked groups were down again as the Oil Services Index ($OSX -2.45%) and the Integrated Oil Index ($XOI -1.81%) both sank again. Meanwhile the Gold & Silver Index ($XAU +3.46%) was a standout gainer. 
Charts courtesy www.stockcharts.com

  

PICTURED: The Bank Index ($BKX -2.87%) met resistance at its 50-day moving average (DMA) line when recently trying to rebound. Thursday's big loss abruptly sent it near prior lows and also slumping toward its 200 DMA line. Longtime readers of this commentary may remember that weak action from financial shares hurts the broader market outlook because financial stocks have a history of being reliable "leading indicators".

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  167.50 -4.22 -2.46% -20.57%
Integrated Oil $XOI  1,145.81 -21.13 -1.81% -15.01%
Semiconductor $SOX  594.78 -23.54 -3.81% -13.41%
Networking $NWX  373.43 -14.18 -3.66% +4.33%
Broker/Dealer $XBD  181.48 -4.13 -2.23% -1.71%
Retail $RLX  1,225.19 -27.09 -2.16% +18.64%
Gold & Silver $XAU  53.75 +1.79 +3.44% -21.85%
Bank $BKX  75.32 -2.22 -2.86% +1.43%
Biotech $BTK  3,856.04 -187.48 -4.64% +12.12%


Hovering Near Highs Very Extended From Sound Base

B O F I Holding Inc (BOFI -$2.59 or -1.98% to $128.40) is stubbornly holding its ground near its all-time high following gains marked by above average volume. Disciplined investors avoid chasing stocks more than +5% above their prior high or pivot point. It was 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."  
 
It rallied further into new high territory (N criteria) with no resistance remaining due to overhead supply after last shown in this FSU section on 7/27/15 with an annotated graph under the headline, "Extended and Perched Near High With Earnings News Due Soon". It reported Jun '15 quarterly earnings +41% on +42% sales revenues, above the +25% minimum earnings guideline (C criteria) again. 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.
 
Leadership from other Finance - Savings & Loan issues has been 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."
 
 The current Up/Down Volume Ratio of 1.6 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 275 in Jun '15.
 
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  
$40.32 -1.18
-2.84%

$41.34

42,394
124.69% of 50 DAV
50 DAV is 34,000
$42.99
-6.21%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 8/20/2015 4:03:31 PM
Slumping below its 50 DMA line after earnings +8% on -11% sales revenues for the Jun '15 quarter. Will be dropped from the Featured Stocks list due to technical and 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  
$128.40 -2.59
-1.98%

$131.12

256,062
107.14% of 50 DAV
50 DAV is 239,000
$134.79
-4.74%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 8/20/2015 6:05:06 PM
G - It may produce more climactic gains, however it is very extended from its prior base. Near term support to watch is at its 50 DMA line ($114.46). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs Very Extended From Sound Base - 8/20/2015
 |  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  
$35.45 -1.02
-2.80%

$36.50

948,111
138.41% of 50 DAV
50 DAV is 685,000
$37.25
-4.83%
8/5/2015 $34.50 PP = $32.53
MB = $34.16
Most Recent Note - 8/20/2015 4:09:44 PM
G - Hovering above its "max buy" level, extended from any sound base. Disciplined investors avoid chasing extended stocks. Prior highs in the $32 area define initial support to watch above its 50 DMA line.
>>> 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  
$200.43 -5.22
-2.54%

$205.00

1,124,244
77.00% of 50 DAV
50 DAV is 1,460,000
$242.37
-17.30%
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  
$181.70 -4.50
-2.42%

$185.86

506,081
121.39% of 50 DAV
50 DAV is 416,900
$194.73
-6.69%
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  
$229.06 -15.85
-6.47%

$244.95

3,304,622
196.24% of 50 DAV
50 DAV is 1,684,000
$263.81
-13.17%
7/14/2015 $236.75 PP = $246.11
MB = $258.42
Most Recent Note - 8/20/2015 3:56:43 PM
G - Violating its 50 DMA line with a damaging volume-driven loss triggering a technical sell signal and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook.
>>> 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  
$157.35 -1.27
-0.80%

$160.61

108,183
81.34% of 50 DAV
50 DAV is 133,000
$176.88
-11.04%
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  
$97.04 -7.60
-7.26%

$104.00

3,079,725
73.10% of 50 DAV
50 DAV is 4,213,000
$129.19
-24.89%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 8/20/2015 3:51:13 PM
Slumping further below its 50 DMA line and near prior lows in the $93 area defining the next important support level. Only a rebound above its 50 DMA line would help its outlook. Will be dropped from the Featured Stocks list tonight due to technical deterioration.
>>> 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  
$76.03 -3.14
-3.97%

$78.92

1,084,805
143.30% of 50 DAV
50 DAV is 757,000
$85.62
-11.20%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 8/20/2015 4:07:39 PM
G - Violated its 50 DMA line and recent lows with volume-driven losses triggering technical sell signals. Only a prompt rebound above the 50 DMA would help its outlook improve. Completed a Secondary Offering on 8/12/15.
>>> 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  
$51.65 -2.08
-3.87%

$53.44

174,698
52.15% of 50 DAV
50 DAV is 335,000
$61.05
-15.39%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 8/20/2015 4:12:22 PM
Slumped further below its 50 DMA line which recently acted as resistance. Will be dropped from the Featured Stocks list tonight. 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  
$168.85 -5.16
-2.97%

$172.97

292,881
107.28% of 50 DAV
50 DAV is 273,000
$179.97
-6.18%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 8/20/2015 4:16:23 PM
G - Violated its 50 DMA line with today's loss triggering a technical sell signal. Only a prompt rebound would help its outlook improve. Fundamental concerns were raised as Jun '15 earnings were +20% on +8% sales revenues, below the +25% minimum earnings guideline (C criteria).
>>> 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  
$96.68 -2.37
-2.39%

$98.41

535,331
68.28% of 50 DAV
50 DAV is 784,000
$105.98
-8.78%
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  
$171.30 -1.32
-0.76%

$172.91

836,026
126.10% of 50 DAV
50 DAV is 663,000
$176.77
-3.09%
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  
$62.97 -1.15
-1.79%

$64.47

463,536
175.58% of 50 DAV
50 DAV is 264,000
$68.16
-7.61%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 8/20/2015 1:07:26 PM
G - Retreating further from its 52-week high with today's 5th consecutive loss. Recent lows and its 50 DMA line define near-term support.
>>> 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  
$160.62 -13.50
-7.75%

$172.32

2,683,341
185.57% of 50 DAV
50 DAV is 1,446,000
$200.55
-19.91%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 8/20/2015 3:53:18 PM
More serious volume-driven losses today raising concerns and triggering technical sell signals. Only a rebound above its 50 DMA line would help its outlook. Will be dropped from the Featured Stocks list tonight due to technical deterioration.
>>> 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  
$49.42 -1.50
-2.95%

$50.90

192,605
72.14% of 50 DAV
50 DAV is 267,000
$51.86
-4.70%
8/12/2015 $49.01 PP = $45.85
MB = $48.14
Most Recent Note - 8/20/2015 6:07:17 PM
G - Pulled back on lighter volume today slumping toward its "max buy" level. 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.

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.

Copyright © 1996-2024 Gruneisen Growth Corp. All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties

Privacy Policy | Terms of Use | Contact Us