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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 16TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+140.10 |
16,739.95 |
+0.84% |
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Volume |
863,423,860 |
+14% |
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Volume |
1,530,882,620 |
+4% |
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NASDAQ |
+28.72 |
4,889.24 |
+0.59% |
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Advancers |
2,379 |
77% |
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Advancers |
1,809 |
63% |
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S&P 500 |
+17.22 |
1,995.31 |
+0.87% |
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Decliners |
708 |
23% |
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Decliners |
1,066 |
37% |
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Russell 2000 |
+9.21 |
1,175.20 |
+0.79% |
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52 Wk Highs |
32 |
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52 Wk Highs |
34 |
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S&P 600 |
+6.35 |
681.85 |
+0.94% |
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52 Wk Lows |
46 |
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52 Wk Lows |
35 |
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Breadth Positive as Major Averages Rallied With More Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks climbed higher on Wednesday. The Dow was up 140 points to 16,739. The S&P 500 advanced 17 points to 1,995. The NASDAQ moved 28 points higher to 4,889. The volume totals were reported higher than the prior session total on the NYSE and higher on the Nasdaq exchange, a sign of increasing institutional buying demand. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and by nearly 9-5 on the Nasdaq exchange. There were 15 stocks that made it onto the BreakOuts Page, down from 18 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. There were gains for 3 of the 5 high-ranked companies currently on the Featured Stocks Page. The total number of new 52-week lows again outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.
PICTURED: The S&P 500 Index rallied above prior highs. It faces near-term resistance at its prior lows and its 50-day and 200-day moving average lines. Last 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 gained steam as the session went on as investors wait to hear from the Fed. Currently, traders are pricing in a 30% chance that the Fed will raise interest rates tomorrow, up from a 25% likelihood on Monday. In economic news, consumer prices fell 0.1% in August, which was in line with expectations.
Nine of the ten sectors in the S&P 500 finished in the green on the session. Energy stocks paced the gains on higher oil prices while telecom was the lone sector in the red.
In corporate news, Anhueser-Busch Inbev (BUD +6.84%) rose on reports that the brewer is working on a bid for rival SABMiller (SBMRF +22.16%). Molson Coors (TAP +14.23%) surged to an all-time high in sympathy with the news. FedEx (FDX -2.84%) fell after the company missed profit forecast and lowered forward guidance.
Treasuries were mixed along the curve. The benchmark U.S. 10-year note slipped 1/32 to yield 2.29%.
Commodities were mostly higher. WTI crude pushed 5.2% higher to $46.84/barrel after a report showed declining U.S. inventories. COMEX gold was up 1.5% to $1119.00/ounce. In FOREX, the dollar index ebbed 0.2% due to weakness against the euro and pound.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Rebounded and Retail Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups set the pace as the Oil Services Index ($OSX +3.67%) and the Integrated Oil Index ($XOI +2.58%) posted gains, and the Gold & Silver Index ($XAU +6.85%) was a standout gainer. The Retail Index ($RLX +1.25%) and financial shares also had a positive influence on the major averages on Wednesday as the Broker/Dealer Index ($XBD +1.29%) rose and the Bank Index ($BKX +0.36%) edged higher. The tech sector was mixed as the Networking Index ($NWX +0.74%) led the Semiconductor Index ($SOX +0.23%) higher, but the Biotechnology Index ($BTK -0.19%) inched lower.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +1.25%) rose above its 50-day moving average (DMA) line helping its technical stance.
| Oil Services |
$OSX |
178.04 |
+6.29 |
+3.66% |
-15.57% |
| Integrated Oil |
$XOI |
1,114.29 |
+28.07 |
+2.58% |
-17.35% |
| Semiconductor |
$SOX |
626.57 |
+1.43 |
+0.23% |
-8.78% |
| Networking |
$NWX |
372.08 |
+2.74 |
+0.74% |
+3.95% |
| Broker/Dealer |
$XBD |
176.19 |
+2.24 |
+1.29% |
-4.58% |
| Retail |
$RLX |
1,209.99 |
+14.97 |
+1.25% |
+17.16% |
| Gold & Silver |
$XAU |
47.31 |
+3.04 |
+6.87% |
-31.22% |
| Bank |
$BKX |
72.88 |
+0.26 |
+0.36% |
-1.86% |
| Biotech |
$BTK |
3,993.47 |
-7.55 |
-0.19% |
+16.12% |
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Another New High Close For Medical Products Firm
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Inogen Inc (INGN +$0.96 or +1.78% to $54.85) finished at a best-ever close with today's gain, getting more extended from its prior base. Its 50-day moving average (DMA) line and prior highs define near-term support to watch on pullbacks.
INGN was last shown in this FSU section on 9/09/15 with an annotated graph under the headline, "Further Volume-Driven Gains Into New High Territory". Technically, it broke out with a gap up and considerable volume-driven gain when highlighted in yellow with pivot point cited based on its 6/23/15 high plus 10 cents in the 8/12/15 mid-day report (read here).
It reported Jun '15 earnings +55% on 45% sales revenues, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). During that time its sales revenues growth has been in the +43-49% range, a reassuring sign of increasing demand for its new products and services (N criteria).
The number of top-rated funds owning its shares rose from 114 in Sep '14 to 201 in Jun '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 500 days. Its small supply of only 16.9 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.
Its limited history was previously noted as a concern, yet it is up considerably from its $16 IPO on 2/14/14 followed by a Secondary Offering on 10/30/14.
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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 |
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Max Buy |
BOFI
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NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$123.08
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-0.41
-0.33% |
$123.90
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139,687
46.41% of 50 DAV
50 DAV is 301,000
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$134.79
-8.69%
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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 - 9/14/2015 5:37:59 PM
G - Quietly rebounded above its 50 DMA line helping its outlook to improve, however it has not formed a sound base.
>>> 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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$35.30
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-0.22
-0.62% |
$36.19
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580,803
82.85% of 50 DAV
50 DAV is 701,000
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$37.25
-5.23%
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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 - 9/14/2015 5:36:27 PM
G - Still perched within striking distance of its 52-week high, consolidating above its 50 DMA line and prior highs defining important near term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average - 9/14/2015 |
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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$164.72
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+0.66
0.40% |
$164.92
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501,152
52.64% of 50 DAV
50 DAV is 952,000
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$176.77
-6.82%
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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 - 9/15/2015 5:40:10 PM
G - Posted a gain on light volume today while trading near its 50 DMA line ($164.75). It has not formed a sound base following the deep shakeout on 8/24/15.
>>> 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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$68.42
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+1.72
2.58% |
$68.52
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219,917
86.58% of 50 DAV
50 DAV is 254,000
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$68.16
0.38%
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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 - 9/16/2015 5:57:55 PM
G - Hit a new high today and no resistance remains due to overhead supply. It did not form a sound base but it found prompt support after violating its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Quiet Gain For Second Best Close Ever - 9/15/2015 |
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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$54.85
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+0.96
1.78% |
$55.00
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226,284
83.81% of 50 DAV
50 DAV is 270,000
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$55.98
-2.02%
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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 - 9/16/2015 5:55:55 PM
G - Finished at a best-ever close with lighter volume behind today's gain, getting more extended from its prior base. Its 50 DMA line and prior highs define near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Another New High Close For Medical Products Firm - 9/16/2015 |
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.
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