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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 21ST, 2015
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DOW |
+125.61 |
16,510.19 |
+0.77% |
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Volume |
799,747,410 |
-69% |
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Volume |
1,872,703,030 |
-32% |
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NASDAQ |
+1.72 |
4,828.95 |
+0.04% |
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Advancers |
1,836 |
60% |
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Advancers |
1,358 |
47% |
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S&P 500 |
+8.94 |
1,966.97 |
+0.46% |
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Decliners |
1,234 |
40% |
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Decliners |
1,501 |
52% |
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Russell 2000 |
-2.26 |
1,161.09 |
-0.19% |
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52 Wk Highs |
19 |
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52 Wk Highs |
32 |
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S&P 600 |
+2.69 |
674.03 |
+0.40% |
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52 Wk Lows |
80 |
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52 Wk Lows |
71 |
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Major Averages Posted Quiet Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow rose 125 points to 16510. The S&P 500 advanced 8 points to 1966. The NASDAQ climbed 1 point to 4828. The volume totals were reported much lighter than the prior session totals on the NYSE and on the Nasdaq exchange, revealing a lack of institutional buying demand. Breadth was mixed as advancers led decliners by a 3-2 margin on the NYSE but decliners led advancers by a narrow margin on the Nasdaq exchange. Leadership improved as there were 9 stocks that made it onto the BreakOuts Page, up from only 3 high-ranked companies from the Leaders List that made a new 52-week high on Friday. The total number of new 52-week lows still solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 3 of the 5 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The S&P 500 Index posted a small gain with less volume after damaging losses on higher volume. It met resistance when rebounding toward prior lows and its 50-day and 200-day moving average lines. 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 after three fed officials separately reassured investors of a 2015 rate increase. Economic data showed existing home sales shrank to 5.3 million in August from nearly 5.6 million in July.
Nine of 10 S&P 500 sectors were in positive territory. Financials and tech stocks were up the most. E-Trade (ETFC +2.15%) and Allstate (ALL +1.72%) rose. In tech stocks, M&A activity lifted Atmel (ATML +12.65%) and Yahoo! (YHOO +1.40%) rose as the lockup period expired for its stake in Alibaba (BABA -2.81%). Consumer discretionary was another outperformer. Lululemon (LULU +2.02%) was higher and Home Depot (HD +1.27%) advanced. However, a positive earnings report from Lennar (LEN -0.31%) was overshadowed by the weaker home sales data. Volkswagen (VLKAY -17.1%) tmbled amid a U.S. criminal probe over emissions testing. Health care was the lone sector lower, as Merck (MRK -2.21%) fell.
Treasuries retreated on the hawkish Fed comments. The 10-year note lost 17/32 to yield 2.20%.
Commodities were mixed. WTI crude rebounded from Friday’s declines as it rose 3.8% to $46.37 per barrel. COMEX gold was down 0.5% to $1132.80 per ounce amid dollar strength.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Financial Groups Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU -2.53%) was a standout decliner on Monday. The Retail Index ($RLX +0.98%) rose and financial shares were a positive influence on the major averages as the Broker/Dealer Index ($XBD +1.40%) and the Bank Index ($BKX +1.22%) both posted gains. The Biotechnology Index ($BTK -3.71%) led the tech sector's retreat while the Semiconductor Index ($SOX -0.33%) and the Networking Index ($NWX -0.19%) both edged lower. Energy-linked groups were indecisive as the Oil Services Index ($OSX -0.31%) edged lower and the Integrated Oil Index ($XOI +0.31%) edged higher.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -3.71%) met resistance at its 50-day moving average (DMA) line recently and violated its 200 DMA line on Monday with a damaging loss.
| Oil Services |
$OSX |
168.84 |
-0.53 |
-0.31% |
-19.93% |
| Integrated Oil |
$XOI |
1,086.05 |
+3.30 |
+0.31% |
-19.44% |
| Semiconductor |
$SOX |
608.73 |
-2.02 |
-0.33% |
-11.38% |
| Networking |
$NWX |
365.93 |
-0.70 |
-0.19% |
+2.23% |
| Broker/Dealer |
$XBD |
170.94 |
+2.35 |
+1.40% |
-7.42% |
| Retail |
$RLX |
1,208.49 |
+11.73 |
+0.98% |
+17.02% |
| Gold & Silver |
$XAU |
47.45 |
-1.22 |
-2.51% |
-31.01% |
| Bank |
$BKX |
70.33 |
+0.85 |
+1.22% |
-5.29% |
| Biotech |
$BTK |
3,846.83 |
-148.16 |
-3.71% |
+11.86% |
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Consolidating Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ulta Salon Cosmetics & Fragrance, Inc. (ULTA +$1.44 or +0.87% to $168.69) posted a gain on light volume today while trading above its 50-day moving average (DMA) line ($165.31). It has not formed a sound base following the deep shakeout on 8/24/15. ULTA was last shown with an annotated graph in this FSU section on 9/10/15 under the headline, "Rebound Near 50-Day Moving Average Following Deep Shakeout", following an impressive rebound indicative of institutional support.
ULTA reported earnings +22% on +19^ sales revenues for the Jul '15 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. The high-ranked firm had tallied a gain on 8/18/15 with solid +54% above average volume, but it stalled immediately afterward and soon triggered technical sell signals. It made limited headway since highlighted in yellow with pivot point cited based on its 4/24/15 high plus 10 cents in the 5/29/15 mid-day report (read here).
It reported earnings +34%, +26%, +22%, and +35% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarterly comparisons, respectively. Its strong earnings have been underpinned by steady sales revenues increases in the +21-22% range during that span of time. Its solid annual earnings (A criteria) history is very reassuring. It has a small supply (S criteria) of only 62.7 million shares in the public float. The number of top-rated funds with an ownership interest has grown from 566 funds in Jun '14 to 807 funds as of Jun '15, which is a very encouraging sign of increasing institutional interest (the I criteria).
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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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$121.21
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+1.25
1.04% |
$122.02
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186,467
62.16% of 50 DAV
50 DAV is 300,000
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$134.79
-10.07%
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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 - 9/21/2015 5:50:10 PM
G - Quietly consolidating above its 50 DMA ($120.43) line. It has not formed a sound base of sufficient length.
>>> FEATURED STOCK ARTICLE : Slumped Below 50-Day Average With Higher Volume Loss - 9/18/2015 |
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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$35.86
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+0.78
2.22% |
$36.18
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786,045
112.61% of 50 DAV
50 DAV is 698,000
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$37.25
-3.73%
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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 - 9/18/2015 5:56:32 PM
G - Fell today with higher volume indicative of distributional pressure. Still consolidating above its 50 DMA line ($33.15) and prior highs defining important near term support.
>>> 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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$168.69
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+1.46
0.87% |
$170.02
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789,681
84.10% of 50 DAV
50 DAV is 939,000
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$176.77
-4.57%
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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 - 9/21/2015 5:51:42 PM
G - Consolidating above its 50 DMA line ($165.30). It has not formed a sound base following the deep shakeout on 8/24/15.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 9/21/2015 |
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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$65.85
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-0.09
-0.14% |
$66.58
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188,858
73.77% of 50 DAV
50 DAV is 256,000
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$68.85
-4.36%
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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 - 9/21/2015 5:53:42 PM
G -No resistance remains while perched at its all-time high free of all overhead supply. It did not form a sound base, however 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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$53.49
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-1.35
-2.46% |
$55.78
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242,598
90.19% of 50 DAV
50 DAV is 269,000
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$55.98
-4.45%
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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 - 9/18/2015 5:59:37 PM
G - Finished near the session high today with a small gain on heavy volume amid broader market weakness. Extended from its prior base. Its 50 DMA line and prior highs define near-term support to watch on pullbacks.
>>> 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 |
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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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