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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 11TH, 2015
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DOW |
+102.69 |
16,433.09 |
+0.63% |
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Volume |
814,760,990 |
-13% |
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Volume |
1,561,137,290 |
-9% |
NASDAQ |
+26.09 |
4,822.34 |
+0.54% |
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Advancers |
1,632 |
53% |
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Advancers |
1,576 |
56% |
S&P 500 |
+8.76 |
1,961.05 |
+0.45% |
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Decliners |
1,448 |
47% |
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Decliners |
1,245 |
44% |
Russell 2000 |
+4.76 |
1,157.79 |
+0.41% |
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52 Wk Highs |
10 |
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52 Wk Highs |
30 |
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S&P 600 |
+1.96 |
670.37 |
+0.29% |
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52 Wk Lows |
140 |
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52 Wk Lows |
81 |
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Major Averages Quietly Ended With Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow added 1.4%, the S&P 500 climbed 1.3% and the NASDAQ advanced 2.1%. Stocks finished higher on Friday. The Dow rose 102 points to 16433. The S&P 500 advanced 8 points to 1961. The NASDAQ climbed 26 points to 4822. The volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, revealing a lack of serious buying conviction from the institutional crowd. Breadth was slightly positive as advancers led decliners by an 8-7 margin on the NYSE and a 5-4 margin on the Nasdaq exchange. Leadership remained rather elusive while 11 stocks made it onto the BreakOuts Page, up from 8 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. There were gains for all 5 high-ranked companies currently on the Featured Stocks Page. The total number of new 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.
PICTURED: The S&P 500 Index posted a gain on Friday. Its MACD indicator has turned bullish. Tuesday's follow-through day marked the beginning of a new "confirmed rally". Repeatedly, members have been reminded that at least 2 of the 3 major indices should be trading above their respective 200-day moving average (DMA) lines in order for a market environment to be considered technically "healthy". A lot of recovery work must be done to get the indices back into healthy shape, and that improvement could require some considerable time and patience.
New buying efforts may only be considered in stocks meeting all key criteria of the fact-based investment system. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
The major averages erased earlier losses to finish higher as investors digested economic data ahead of next week’s Fed meeting. Producer prices, excluding food and energy, climbed 0.3% in August, topping expectations. However, volatility in September spurred a decline in consumer sentiment.
Eight of 10 S&P 500 sectors were in positive territory. Consumer discretionary stocks were outperformers as PulteGroup (PHM +2.20%) and Target (TGT +1.05%) rose. Apple (AAPL +1.46%) reversed course to finish higher, helping lift tech stocks. Commodity producers weighed on the index. In materials, AngloGold (AU -3.15%) fell. Meanwhile, Hess (HES -2.96%) dragged energy lower. In earnings, Restoration Hardware (RH +9.32%) rose after topping estimates, but Marvell Technologies (MRVL -16.21%) retreated on the heels of reporting an internal investigation.
Treasuries rose in advance of the Fed’s interest rate policy meeting. The 10-year note advanced 10/32 to yield 2.19%.
Commodities were mostly lower. WTI crude fell 2.5% to $44.77/barrel on bearish comments from Goldman. COMEX gold finished 0.2% lower to $1106.60/ounce.
The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Biotech, and Retail Indexes Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.67%) was a positive influence on the major averages on Friday. Meanwhile, the Bank Index ($BKX -0.13%) inched lower and the Broker/Dealer Index ($XBD +0.02%) finished flat. The tech sector was mixed as the Biotechnology Index ($BTK +1.62%) rose, the Semiconductor Index ($SOX +0.08%) was little changed, and the Networking Index ($NWX -1.44%) fell. Energy-linked groups were weaker as the Oil Services Index ($OSX -2.34%) and the Integrated Oil Index ($XOI -1.09%) both fell. The Gold & Silver Index ($XAU +1.33%) ended higher.
PICTURED: The Retail Index ($RLX +0.67%) remains just below its 50-day moving average (DMA) line. It found prompt support at its 200 DMA line.
Oil Services |
$OSX |
170.64 |
-4.10 |
-2.35% |
-19.08% |
Integrated Oil |
$XOI |
1,086.35 |
-11.94 |
-1.09% |
-19.42% |
Semiconductor |
$SOX |
615.81 |
+0.47 |
+0.08% |
-10.35% |
Networking |
$NWX |
365.66 |
-5.34 |
-1.44% |
+2.16% |
Broker/Dealer |
$XBD |
173.12 |
+0.03 |
+0.02% |
-6.24% |
Retail |
$RLX |
1,194.03 |
+7.97 |
+0.67% |
+15.62% |
Gold & Silver |
$XAU |
45.03 |
+0.59 |
+1.33% |
-34.53% |
Bank |
$BKX |
71.41 |
-0.09 |
-0.13% |
-3.84% |
Biotech |
$BTK |
3,953.39 |
+62.95 |
+1.62% |
+14.95% |
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Quiet Gain to Finish Above 50 Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
B O F I Holding Inc (BOFI +$2.03 or +1.72% to $120.03) rebounded above its 50-day moving average (DMA) line with a gain on below average volume. The finish above the 50 DMA line helped its outlook to improve, however it has not formed a sound base pattern, and it faces resistance up through the $134 level. It was last shown in this FSU section on 9/02/15 with an annotated graph under the headline, "Damaging Losses Triggered Technical Sell Signal", after violating its 50-day moving average (DMA) line during its streak of damaging volume-driven losses.
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.
The number of top-rated funds owning share rose from 261 in Sep '14 to 279 in Jun '15. 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 13.8 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."
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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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$120.03
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+2.03
1.72% |
$120.20
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211,068 69.66% of 50 DAV
50 DAV is 303,000
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$134.79 -10.95%
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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 - 9/8/2015 6:16:23 PM
G - Rebounded near its 50 DMA line which may act as resistance. A finish above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Quiet Gain to Finish Above 50 Day Moving Average - 9/11/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
AHS
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NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service
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$35.22
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+0.10
0.28% |
$35.37
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373,603 50.08% of 50 DAV
50 DAV is 746,000
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$37.25 -5.45%
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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 - 9/9/2015 5:41:47 PM
G - Perched within striking distance of its 52-week high, consolidating above its 50 DMA line and prior highs defining important near term support.
>>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Average and Prior Highs - 9/4/2015 |
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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$165.06
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+0.23
0.14% |
$165.55
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632,041 66.11% of 50 DAV
50 DAV is 956,000
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$176.77 -6.62%
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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 - 9/10/2015 6:37:50 PM
G - Trading near its 50 DMA line, however it has not formed a sound base following the deep shakeout on 8/24/15. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebound Near 50-Day Moving Average Following Deep Shakeout - 9/10/2015 |
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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$66.22
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+0.84
1.28% |
$66.30
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131,957 49.98% of 50 DAV
50 DAV is 264,000
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$68.16 -2.85%
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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 - 9/10/2015 12:23:27 PM
G - Challenging its 52-week high with today's 3rd consecutive gain. It has not formed a sound base yet found prompt support after violating its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Approaching Highs With Solid Gain on Higher Volume - 9/8/2015 |
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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$54.58
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+0.44
0.81% |
$54.71
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188,723 72.31% of 50 DAV
50 DAV is 261,000
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$54.21 0.68%
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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 - 9/9/2015 5:39:35 PM
G - Hit another new high with +55% above average volume behind today's gain, getting more extended from its prior base. Found prompt support near its 50 DMA line and prior highs. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Further Volume-Driven Gains Into New High Territory - 9/9/2015 |
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.
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