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AFTER MARKET UPDATE - TUESDAY, AUGUST 25TH, 2015
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DOW |
-204.91 |
15,666.44 |
-1.29% |
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Volume |
1,233,908,940 |
-23% |
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Volume |
2,393,187,190 |
-25% |
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NASDAQ |
-19.76 |
4,506.49 |
-0.44% |
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Advancers |
1,390 |
44% |
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Advancers |
1,537 |
50% |
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S&P 500 |
-25.60 |
1,867.61 |
-1.35% |
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Decliners |
1,750 |
56% |
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Decliners |
1,511 |
50% |
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Russell 2000 |
-7.59 |
1,104.10 |
-0.68% |
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52 Wk Highs |
1 |
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52 Wk Highs |
6 |
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S&P 600 |
-6.76 |
644.28 |
-1.04% |
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52 Wk Lows |
196 |
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52 Wk Lows |
129 |
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Leadership Elusive as Indices Erase Gains and Slide Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow lost 204 points to 15666. The S&P 500 fell 25 points to 1867. The NASDAQ retreated 19 points gain to 4506. Technical damage in the charts of the major averages (M criteria) coupled with an evaporation of leadership has clearly earned the label of a market "correction". Tuesday's volume totals were reported lighter than the prior session on the NYSE and on the Nasdaq exchange, a sign of less pressure coming from the institutional crowd. Decliners led advancers by a 9-7 margin on the NYSE while breadth was even on the Nasdaq exchange. For a third consecutive session there were zero high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down considerably from 107 back on July 16th. There were gains for 2 of the 5 high-ranked companies currently on the Featured Stocks Page, a list getting trimmed as recent action dictates. The number of new 52-week highs were in the single digits on both the Nasdaq and the NYSE while the new 52-week lows totals contracted from considerable levels.
PICTURED: The S&P 500 Index has seen volume totals spike considerably higher behind damaging losses after violating its 200-day moving average (DMA) line and prior lows. The abrupt declines have the benchmark index quickly retreating toward its October 2014 lows.
The market correction (M criteria) grew more worrisome on as the Dow Jones Industrial Average undercut its October 2014 low while all of the major indices dove further below their respective 200-day moving average (DMA) lines. 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 major averages erased gains in the final hour of trading after all three major averages posted intraday gains of more than 2.1%. Overnight, Chinese officials supported equity markets by cutting their interest rate and reserve requirements.
On our shores, home prices in July were mostly in line with estimates, while new home sales for August rose 5.4%. Sentiment readings for August showed expansion in the services sector and unexpected strength among consumers.
All 10 sectors of the S&P 500 finished in negative territory. The typically defensive utilities and telecom were down the most. Exelon (EXC -6.86%) weighed on utilities and a drop in Verizon (VZ -2.77%) dragged telecom lower. Materials also turned south; Freeport McMoRan (FCX -5.07%) erased a premarket gain of +6.3% and finished lower. Energy companies couldn’t shake off gravity’s pull, as Chevron (CVX -2.91%) fell, despite oil price gains. Consumer discretionary was a relative outperformer as Best Buy (BBY +12.57%). Apple (AAPL +0.60%) helped limit tech losses.
Treasuries pared losses but still finished lower. A weak two-year note auction left the security off 3/32 to yield 0.61%. The 10-year note fell 23/32 to yield 2.09%.
Commodities were mixed. WTI crude added 1.7% to $38.89/barrel. COMEX gold declined 1.3% to $1138.20/ounce as the dollar strengthened.
The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Biotech Group Makes Small Gain Amid Widespread Sickness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were a negative influence on the major averages again as the Broker/Dealer Index ($XBD -0.86%) and the Bank Index ($BKX -1.73%) both fell. The Retail Index ($RLX -0.27%) edged lower. The tech sector was led by the Biotechnology Index ($BTK +0.93%), but the Networking Index ($NWX -0.42%) and the Semiconductor Index ($SOX -1.23%) both ended Tuesday's session with losses. The Integrated Oil Index ($XOI -1.37%) fell and the Oil Services Index ($OSX -0.09%) finished flat. The Gold & Silver Index ($XAU -3.96%) was a standout laggard as it tumbled.
PICTURED: The Semiconductor Index ($SOX -1.23%) undercut its Oct '14 low intra-day on Monday then was down again on Tuesday. Tech tech sector has been sick for a while,and it has been suffering considerable losses after a bearish "death cross" of its 50-day moving average line below its 200-day moving average (DMA) line.
The October '14 lows might be a likely place for the group to dig its heels in. However,keep in mind that the fact-based investment system discourages speculating on out of favor groups. And during especially weak market environments investors should preserve cash by reducing exposure.
| Oil Services |
$OSX |
155.39 |
-0.13 |
-0.08% |
-26.31% |
| Integrated Oil |
$XOI |
1,029.64 |
-14.29 |
-1.37% |
-23.62% |
| Semiconductor |
$SOX |
559.59 |
-6.99 |
-1.23% |
-18.53% |
| Networking |
$NWX |
351.53 |
-1.49 |
-0.42% |
-1.79% |
| Broker/Dealer |
$XBD |
166.37 |
-1.45 |
-0.86% |
-9.89% |
| Retail |
$RLX |
1,126.02 |
-3.03 |
-0.27% |
+9.03% |
| Gold & Silver |
$XAU |
46.19 |
-1.90 |
-3.95% |
-32.84% |
| Bank |
$BKX |
71.39 |
-1.19 |
-1.64% |
-3.86% |
| Biotech |
$BTK |
3,602.25 |
+33.17 |
+0.93% |
+4.74% |
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Testing Support Amid Broad Market Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
A M N Healthcare Svcs (AHS +$0.09 or +0.27% to $33.14) appears to be finding support following damaging losses testing prior highs and its 50-day moving average (DMA) line. More damaging losses would raise greater concerns and trigger technical sell signals. Keep in mind that 3 out of 4 stocks usually move in the same direction as the major averages (M criteria), and recent weakness has raised serious concerns.
AHS was last shown in this FSU section on 8/05/15 with an annotated graphs under the headline, "Gap Up Gain Triggered Technical Buy Signal Following Earnings", 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). 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 small supply of only 47.6 million shares outstanding (S criteria) con contribute to greater volatility in the event of institutional buying or selling.
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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 |
BOFI
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NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$119.71
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-0.35
-0.29% |
$126.08
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271,583
113.63% of 50 DAV
50 DAV is 239,000
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$134.79
-11.19%
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6/10/2015
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$101.47
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PP = $97.78
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MB = $102.67
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Most Recent Note - 8/24/2015 1:07:36 PM
G - Tested 50 DMA line today then found prompt support, pulling back with higher volume amid widespread market weakness (M criteria).
>>> 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
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$33.14
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+0.09
0.27% |
$33.89
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502,595
73.37% of 50 DAV
50 DAV is 685,000
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$37.25
-11.03%
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8/5/2015
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$34.50
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PP = $32.53
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MB = $34.16
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Most Recent Note - 8/25/2015 8:25:01 PM
G - Found support today following damaging losses testing prior highs and its 50 DMA line. More damaging losses would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Testing Support Amid Broad Market Weakness - 8/25/2015 |
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
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$153.26
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-5.46
-3.44% |
$164.43
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1,751,724
264.21% of 50 DAV
50 DAV is 663,000
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$176.77
-13.30%
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5/29/2015
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$155.03
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PP = $159.95
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MB = $167.95
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Most Recent Note - 8/25/2015 1:13:05 PM
G - Sputtering well below its 50 DMA line with another volume-driven loss today after that short-term average acted as resistance when trying to rebound from abrupt losses. Broad based market (M criteria) weakness remains a concern.
>>> 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
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$58.73
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+3.17
5.71% |
$60.46
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372,915
141.26% of 50 DAV
50 DAV is 264,000
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$68.16
-13.84%
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5/26/2015
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$51.90
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PP = $57.40
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MB = $60.27
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Most Recent Note - 8/25/2015 1:34:53 PM
G - Rebounding today after technical sell signals and damaging volume-driven losses. Only a prompt rebound above the 50 DMA line ($60.27) would help its outlook improve.
>>> 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 |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$45.85
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-0.81
-1.74% |
$48.66
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221,812
83.08% of 50 DAV
50 DAV is 267,000
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$51.86
-11.59%
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8/12/2015
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$49.01
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PP = $45.85
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MB = $48.14
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Most Recent Note - 8/24/2015 6:39:38 PM
Y - Pulled back below its "max buy" level and its color code is changed to yellow. Found prompt support after undercutting prior highs near $45 defining support above its 50 DMA line ($44.63). Widespread market weakness (M criteria) is an overriding cause for 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 |
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 |
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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.
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.
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