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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 29TH, 2015
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DOW |
+47.24 |
16,049.13 |
+0.30% |
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Volume |
986,587,910 |
-4% |
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Volume |
2,111,022,640 |
-4% |
NASDAQ |
-26.65 |
4,517.32 |
-0.59% |
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Advancers |
1,363 |
44% |
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Advancers |
1,121 |
38% |
S&P 500 |
+2.32 |
1,884.09 |
+0.12% |
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Decliners |
1,747 |
56% |
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Decliners |
1,804 |
62% |
Russell 2000 |
-6.66 |
1,083.91 |
-0.61% |
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52 Wk Highs |
3 |
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52 Wk Highs |
16 |
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S&P 600 |
-3.12 |
641.76 |
-0.48% |
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52 Wk Lows |
489 |
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52 Wk Lows |
320 |
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Tech-Heavy Nasdaq Composite Index Leads Market Retreat
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were mixed on Tuesday. The Dow was up 47 points to 16049. The S&P 500 added 2 points to 1884. The NASDAQ declined 26 points to 4517. The volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was tilted to the negative side as decliners led advancers by nearly a 3-2 margin on the NYSE and by more than 3-2 on the Nasdaq exchange. Leadership remained thin as there were only 6 stocks that made it onto the BreakOuts Page, up from the prior session total of 4 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. The total number of new 52-week lows solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 3 of the 6 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The S&P 500 Index briefly and barely undercut its 8/26/15 low during the session before ending Tuesday's session slightly higher. It met resistance before prior lows and its 50-day moving average (DMA) lines when rebounding, and its recent slide toward the late-August lows came with higher volume behind the losses. The MACD indicator has turned bearish.
The recent rally ended due to damaging losses and waning leadership as stocks retreated. The fact-based investment system requires disciplined investors to always limit losses by selling any stock that falls more than -7% from their purchase price. All 3 major averages (M criteria) remain well below their 200-day moving average lines. Members have been repeatedly reminded in recent weeks 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.
The major averages fluctuated as investors weighed international uncertainty and mixed economic messages. In Fed news yesterday, New York President William Dudley advocated a possible interest rate hike before year-end while Chicago President Charles Evans urged caution. On the economic front, a study showed that home prices unexpectedly declined in July while consumer confidence showed a surprise move higher in September.
Seven out of the ten sectors in the S&P 500 gained on the session. Healthcare was the best performer while tech stocks lagged. In corporate action, Yahoo (YHOO +2.39%) rose after the company announced it plans to spin off its stake in Alibaba (BABA +0.75%) during the fourth quarter. Medtronic (MDT +2.87%) rose after announcing the completion of a favorable tax restructuring. McDonalds (MCD +1.58%) rose on positive analyst commentary following their transition to 24 hour breakfast.
Treasuries gained strength as the day went on. The benchmark 10-year U.S. finished 12/32 higher to yield 2.05%.
Commodities were mixed. WTI crude climbed 1.7% to $45.17/barrel while COMEX gold declined 0.4% to $1131.80/ounce. In FOREX, the dollar finished little changed after choppy trading.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Semiconductors, and Bank Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a positive bias on Tuesday as the Gold & Silver Index ($XAU +0.49%) and the Integrated Oil Index ($XOI +0.72%) rose, but the Oil Services Index ($OSX -0.19%) ended the session with a small loss. The Retail Index ($RLX -0.71%) slumped, the Broker/Dealer Index ($XBD -0.01%) finished flat, and the Bank Index ($BKX +0.32%) edged higher. Tech sector was mixed as the Biotechnology Index ($BTK -1.39%) led the retreat and the Networking Index ($NWX -0.32%) also suffered a small loss, yet the Semiconductor Index ($SOX +0.71%) rose.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -0.32%) met resistance at its 50-day moving average (DMA) line and fell below its 200 DMA line, slumping near its prior lows.
Oil Services |
$OSX |
157.35 |
-0.30 |
-0.19% |
-25.38% |
Integrated Oil |
$XOI |
1,030.85 |
+7.35 |
+0.72% |
-23.54% |
Semiconductor |
$SOX |
580.48 |
+4.06 |
+0.70% |
-15.49% |
Networking |
$NWX |
351.43 |
-1.14 |
-0.32% |
-1.82% |
Broker/Dealer |
$XBD |
162.83 |
-0.01 |
-0.01% |
-11.81% |
Retail |
$RLX |
1,146.54 |
-8.21 |
-0.71% |
+11.02% |
Gold & Silver |
$XAU |
44.84 |
+0.21 |
+0.47% |
-34.81% |
Bank |
$BKX |
68.84 |
+0.22 |
+0.32% |
-7.30% |
Biotech |
$BTK |
3,303.47 |
-46.70 |
-1.39% |
-3.94% |
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Help Available For You in Making Fact-Based Buy/Sell Decisions With Greater Success
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
You want to get above average results, and market conditions (the M criteria) are challenging at times. Proper discipline and patience are paramount.
There are few stocks included on the Featured Stocks list now and none of the companies need additional review. At times like these we have an opportunity to look back and review. We recently reviewed Ambarella (AMBA) on 9/03/15 and Skyworks (SWKS) on 9/17/15 because previously featured stocks which were dropped can serve as educational examples of the investment system's tactics. It is also a reminder that high-ranked leaders eventually fall out of favor.
If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you!
Professional Money Management Services - A Winning System - Inquire today! Our skilled portfolio manager knows how to follow the rules of this fact-based investment system. We do not follow opinion or the "conviction list" of some large Wall Street institution which would have us fully invested even during horrific bear markets. Instead, we remain fluid and only buy the best stocks when they are triggering proper technical buy signals. If you are not completely satisfied with the way your portfolio is being managed, Click here and indicate "Find a Broker" to get connected with our portfolio managers. *Accounts over $250,000 please. ** Serious inquires only, please. |
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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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$124.24
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+0.53
0.43% |
$125.38
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275,889 89.57% of 50 DAV
50 DAV is 308,000
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$134.79 -7.83%
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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 - 9/28/2015 12:47:24 PM
G - Still consolidating above its 50 DMA ($121.68) line. Overhead supply remains up through the $134 level, meanwhile, it is working on a choppy 9-week base.
>>> 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 |
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C
A
S
I |
AHS
-
NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service
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$29.80
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-1.71
-5.43% |
$31.45
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1,922,029 259.03% of 50 DAV
50 DAV is 742,000
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$37.47 -20.47%
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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 - 9/29/2015 5:28:34 PM
Sank further below its 50 DMA line with above average volume behind today's 4th consecutive loss. Only a prompt rebound above the 50 DMA line would help its outlook improve. It will be dropped from the Featured Stocks list tonight due to technical deterioration.
>>> FEATURED STOCK ARTICLE : Damaging Volume-Driven Loss Triggered Technical Sell Signal - 9/28/2015 |
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Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ULTA
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NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$161.71
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-2.65
-1.61% |
$164.46
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819,867 89.41% of 50 DAV
50 DAV is 917,000
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$176.77 -8.52%
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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 - 9/28/2015 12:50:32 PM
G - Still consolidating near its 50 DMA line ($165.31). 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 |
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Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$48.54
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+0.32
0.66% |
$49.00
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352,737 103.44% of 50 DAV
50 DAV is 341,000
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$52.45 -7.45%
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9/23/2015
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$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 9/28/2015 12:52:11 PM
Y - Pulling back for a 3rd consecutive session. It was highlighted in yellow with pivot point cited based on its 8/07/15 high plus 10 cents in the 9/23/15 mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal for the high-ranked Ireland-based Computer Software - Enterprise firm.
>>> FEATURED STOCK ARTICLE : Perched New Prior High After Big Streak Of Gains - 9/23/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$59.81
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-0.01
-0.02% |
$60.23
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210,308 83.79% of 50 DAV
50 DAV is 251,000
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$68.85 -13.13%
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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 - 9/28/2015 12:49:15 PM
G - Recently slumping below its 50 DMA line, raising concerns. Only a prompt rebound above the 50 DMA line ($62.80) would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Quiet Gain For Second Best Close Ever - 9/15/2015 |
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Set NEW NOTE alert |
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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
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NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$46.98
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+0.43
0.92% |
$47.45
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295,768 98.92% of 50 DAV
50 DAV is 299,000
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$55.98 -16.08%
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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 - 9/28/2015 11:37:20 AM
G - Raising concerns with today's 2nd consecutive big loss with above average volume undercutting its 50 DMA line. Prior highs near $45 define support to watch where more damaging losses may raise greater concerns.
>>> FEATURED STOCK ARTICLE : Another New High Close For Medical Products Firm - 9/16/2015 |
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Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
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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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