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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 30TH, 2015
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DOW |
+235.57 |
16,284.70 |
+1.47% |
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Volume |
1,207,703,200 |
+22% |
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Volume |
2,136,209,340 |
+1% |
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NASDAQ |
+102.84 |
4,620.16 |
+2.28% |
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Advancers |
2,362 |
75% |
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Advancers |
2,221 |
74% |
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S&P 500 |
+35.94 |
1,920.03 |
+1.91% |
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Decliners |
767 |
25% |
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Decliners |
786 |
26% |
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Russell 2000 |
+16.78 |
1,100.69 |
+1.55% |
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52 Wk Highs |
6 |
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52 Wk Highs |
21 |
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S&P 600 |
+8.43 |
650.19 |
+1.31% |
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52 Wk Lows |
211 |
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52 Wk Lows |
191 |
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Breadth Positive But Leadership Scant as Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the third quarter, the Dow retreated 7.6%, the S&P fell 6.9% and the NASDAQ lost 7.4%. For the month, the Dow lost 1.5%, the S&P 500 trimmed 2.7% and the NASDAQ tumbled 3.3%. Stocks moved higher on Wednesday. The Dow was up 235 points to 16284. The S&P 500 advanced 35 points to 1920. The NASDAQ added 102 points to 4620. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-1 margin on the NYSE and on the Nasdaq exchange. Leadership remained rather thin as there were 8 stocks that made it onto the BreakOuts Page, up from the prior session total of 6 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 still solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for all 5 high-ranked companies currently on the Featured Stocks Page. PICTURED: The Dow Jones Industrial Average met resistance before even reaching its 50-day moving average (DMA) line when rebounding, and its recent slide toward the late-August lows came with higher volume behind the losses. 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 moved higher to close out the worst quarter for stocks
since 2011. Rumors of increased stimulus measures from China to Europe were a
key factor in the move higher. In economic news, ADP employment numbers showed
the labor market added 200,000 jobs in September, beating estimates of 190,000.
In separate releases, ISM Milwaukee and Chicago PMI data disappointed.
All ten sectors in the S&P 500 finished the session in the green. Consumer discretionary, energy and materials paced the gains while telecommunications stocks underperformed. In corporate action, Ralph Lauren (RL +13.5%) jumped on the news
that founder and CEO Ralph Lauren is stepping down. Advance Auto Parts (AAP +11.1%) rose on a report that the company is the target of activist hedge
fund Starboard.
Treasuries were little changed. The benchmark 10-year U.S. was flat to yield
2.05%. Commodities were mixed. WTI crude is adding 0.2% to $45.31/barrel while COMEX
gold slid 1% to $1115.50/ounce. In FOREX, the dollar gained on the euro and
yen.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Retail. Financial, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a positive bias on Wednesday as the Gold & Silver Index ($XAU +3.14%) and the Integrated Oil Index ($XOI +2.67%) posted solid gains and the Oil Services Index ($OSX +0.54%) edged higher. The Retail Index ($RLX +2.52%) was a positive influence on the major averages along with the financials as the Broker/Dealer Index ($XBD +1.60%) and Bank Index ($BKX +1.42%) ended higher. Tech sector was unanimously positive as the Semiconductor Index ($SOX +3.83%), Biotechnology Index ($BTK +3.55%), and the Networking Index ($NWX +1.91%) rose. Charts courtesy www.stockcharts.com
 PICTURED: The Semiconductor Index ($SOX +3.83%) is rebounding toward its 50-day moving average (DMA) line which recently acted as resistance.
| Oil Services |
$OSX |
158.20 |
+0.85 |
+0.54% |
-24.98% |
| Integrated Oil |
$XOI |
1,058.36 |
+27.51 |
+2.67% |
-21.49% |
| Semiconductor |
$SOX |
602.73 |
+22.25 |
+3.83% |
-12.25% |
| Networking |
$NWX |
358.13 |
+6.70 |
+1.91% |
+0.05% |
| Broker/Dealer |
$XBD |
165.44 |
+2.61 |
+1.60% |
-10.40% |
| Retail |
$RLX |
1,175.46 |
+28.92 |
+2.52% |
+13.82% |
| Gold & Silver |
$XAU |
46.25 |
+1.41 |
+3.14% |
-32.76% |
| Bank |
$BKX |
69.82 |
+0.98 |
+1.42% |
-5.98% |
| Biotech |
$BTK |
3,420.85 |
+117.38 |
+3.55% |
-0.53% |
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Volume-Driven Gain and Rebound Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Luxoft Holding Inc Cl A (LXFT +$3.48 or +5.82% to $63.29) rebounded above its 50-day moving average (DMA) line today. There was +60% above average volume behind its big gain helping its outlook improve, however, it still has not formed a sound base pattern. It was last shown in this FSU section on 9/15/15 with an annotated graph under the headline, "Quiet Gain For Second Best Close Ever", perched within close striking distance of its 52-week high. It was then noted - "Faces little resistances due to overhead supply, however, its deep "V" shaped consolidation is not recognized as a sound base. It found prompt support at its 200-day moving average (DMA) line on 8/24/15 after violating its 50 DMA line." LXFT was first highlighted in yellow with a pivot point cited based on its 4/23/15 high plus 10 cents in the 5/26/15 mid-day report (read here). The high-ranked Computer Software firm reported earnings +36% on +32% sales revenues for the Jun '15 quarter, continuing its strong quarterly and annual earnings history (C and A criteria) matching the guidelines of the fact-based investment system. Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods. The number of top-rated funds owning its shares rose from 185 in Jun '14 to 265 in Jun '15, a reassuring sign concerning the I criteria. It has earned a Timeliness Rating of A. Its small supply of only 30.2 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.
Patient investors may watch for a new base of sufficient length to form. Disciplined investors also will be willing to wait and watch the major market averages (M criteria) for more convincing signs that broad strength is returning. |
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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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$128.83
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+4.59
3.69% |
$129.25
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333,525
111.55% of 50 DAV
50 DAV is 299,000
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$134.79
-4.42%
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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 - 9/30/2015 6:01:43 PM
G - Rebounding toward prior highs and little resistance remains through the $134 level. Its "V" shaped consolidation over the past 9 weeks is not recognized as a sound 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 |
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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$163.35
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+1.64
1.01% |
$165.93
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752,038
80.69% of 50 DAV
50 DAV is 932,000
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$176.77
-7.59%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$49.09
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+0.55
1.13% |
$49.55
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291,887
88.99% of 50 DAV
50 DAV is 328,000
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$52.45
-6.41%
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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 |
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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$63.29
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+3.48
5.82% |
$63.62
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400,397
160.80% of 50 DAV
50 DAV is 249,000
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$68.85
-8.08%
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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 - 9/30/2015 5:57:17 PM
G - Rebounded above its 50 DMA line helping its outlook improve, but it has not formed a sound base. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain and Rebound Above 50-Day Moving Average Line - 9/30/2015 |
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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$48.55
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+1.57
3.34% |
$48.76
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327,638
105.01% of 50 DAV
50 DAV is 312,000
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$55.98
-13.27%
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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 |
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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