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AFTER MARKET UPDATE - FRIDAY, OCTOBER 2ND, 2015
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DOW |
+200.36 |
16,472.37 |
+1.23% |
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Volume |
1,053,166,430 |
+10% |
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Volume |
2,012,753,210 |
+4% |
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NASDAQ |
+80.70 |
4,707.78 |
+1.74% |
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Advancers |
2,343 |
76% |
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Advancers |
2,126 |
67% |
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S&P 500 |
+27.54 |
1,951.36 |
+1.43% |
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Decliners |
747 |
24% |
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Decliners |
1,023 |
32% |
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Russell 2000 |
+16.57 |
1,114.12 |
+1.51% |
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52 Wk Highs |
12 |
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52 Wk Highs |
15 |
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S&P 600 |
+7.64 |
654.67 |
+1.18% |
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52 Wk Lows |
268 |
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52 Wk Lows |
200 |
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Major Averages Bounced Back With Strong End to Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks reversed course on Friday to end the session higher. The Dow was up 200 points to 16472. The S&P 500 added 27 points to 1951. The NASDAQ advanced 80 points to 4707. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 3-1 margin on the NYSE and 2-1 on the Nasdaq exchange. Leadership remained rather thin as there were 10 stocks that made it onto the BreakOuts Page, matching the prior session total of 10 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 expanded and solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 4 of the 5 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The S&P 500 Index has halted its slide near its Day 1 (8/26/15) lows and tallied 4 consecutive gains. Its MACD indicator has turned bullish.
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 rallied back to finish higher after a disappointing jobs report. The labor market added 142,000 jobs in September, missing analyst projections of a 201,000 advance. In addition, August’s report was revised significantly lower and the labor force participation rate ticked down. A rally in energy and materials stocks later in the day erased the losses to end the week on a high note.
In corporate news, Micron Technology (MU +7.7%) climbed after beating analyst profit and revenue forecasts. Wynn Resorts (WYNN +22.7%) to $63.46 on news that the Chinese Government would lend support to the Macau gaming industry. Sprint (S +4.9%) rose after announcing a cost cutting initiative.
Nine of ten sectors in the S&P 500 finished positive on the session. A spike in oil prices sent energy stocks 4% higher while materials rallied 2.4%. Financials were the lone sector to finish in the red.
Treasuries turned firmly positive after the jobs report. The benchmark 10-year U.S. note advanced 15/32 to yield 1.98%.
Commodities were mostly higher. WTI crude recovered from early weakness to gain 2.2% to $45.75/barrel while COMEX gold added 2.1% to $1137.10/ounce. In FOREX, the dollar index declined 0.2%.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Weak Financials End Lower While Fighting Near Recent Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were up big on Friday. The Gold & Silver Index ($XAU +8.47%) was a standout gainer and the Oil Services Index ($OSX +5.94%) and the Integrated Oil Index ($XOI +3.85%) both posted solid gains. The tech sector's strength helped the Nasdaq Compsite Index outperform its peers as the Biotechnology Index ($BTK +3.28%), Semiconductor Index ($SOX +2.15%), and the Networking Index ($NWX +1.53%) rose. The Retail Index ($RLX +1.18%) was a positive influence while financial shares created a drag on the major averages. The Broker/Dealer Index ($XBD -0.75%) and Bank Index ($BKX -0.63%) both fell.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX -0.63%) lost ground but ended near the session high after undercutting the late-August lows. Its 50-day moving average (DMA) line has slumped below the 200 DMA line, an ominously bearish technical sign showing us that the market's reliable "leading indicators" are currently very weak.
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD -0.75%) lost ground but ended near the session high after undercutting the late-August lows. Its 50-day moving average (DMA) line slumped below the 200 DMA line weeks ago. The major indices have historically been prone to their worst downdrafts when financial shares were weak. The charts show us that they are far from strong right now.
| Oil Services |
$OSX |
165.08 |
+9.27 |
+5.95% |
-21.71% |
| Integrated Oil |
$XOI |
1,108.67 |
+41.06 |
+3.85% |
-17.76% |
| Semiconductor |
$SOX |
608.46 |
+12.84 |
+2.16% |
-11.42% |
| Networking |
$NWX |
362.84 |
+5.48 |
+1.53% |
+1.37% |
| Broker/Dealer |
$XBD |
164.55 |
-1.24 |
-0.75% |
-10.88% |
| Retail |
$RLX |
1,200.18 |
+13.98 |
+1.18% |
+16.21% |
| Gold & Silver |
$XAU |
49.02 |
+3.82 |
+8.45% |
-28.73% |
| Bank |
$BKX |
69.40 |
-0.44 |
-0.63% |
-6.54% |
| Biotech |
$BTK |
3,541.98 |
+112.43 |
+3.28% |
+2.99% |
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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 |
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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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$130.13
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+0.31
0.24% |
$130.16
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392,943
127.58% of 50 DAV
50 DAV is 308,000
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$134.79
-3.46%
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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 - 10/2/2015 12:19:41 PM
G - Pulling back toward its 50 DMA line ($122.42) today following 3 consecutive gains while rebounding toward prior highs. Little resistance remains through the $134 level. The "V" shaped consolidation over the past 9 weeks is not recognized as a sound base. Broad market weakness (M criteria) remains an ongoing concern which argues against new buying efforts under the fact-based investment system.
>>> 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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$165.76
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+0.17
0.10% |
$165.79
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907,221
96.31% of 50 DAV
50 DAV is 942,000
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$176.77
-6.23%
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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 - 10/1/2015 5:44:09 PM
G - Still consolidating near its 50 DMA line ($165). 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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$51.30
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+3.29
6.85% |
$51.35
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463,775
141.39% of 50 DAV
50 DAV is 328,000
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$52.45
-2.19%
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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 - 10/1/2015 12:34:37 PM
G - Pulling back below its 50 DMA line ($47.81) today raising concerns and its color code is changed to green. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Failed to breakout after previously noted - "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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$63.00
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-1.25
-1.95% |
$63.40
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141,956
55.67% of 50 DAV
50 DAV is 255,000
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$68.85
-8.50%
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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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$48.61
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+1.36
2.88% |
$48.71
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235,127
73.25% of 50 DAV
50 DAV is 321,000
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$55.98
-13.17%
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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 - 10/1/2015 5:43:11 PM
G - Met resistance at its 50 DMA line when trying to rebound after finding support at prior highs near $45. More damaging losses may raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Met Resistance at 50-Day Moving Average Following Violation - 10/1/2015 |
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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