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AFTER MARKET UPDATE - TUESDAY, OCTOBER 6TH, 2015
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DOW |
+13.76 |
16,790.19 |
+0.08% |
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Volume |
982,036,600 |
-8% |
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Volume |
1,899,238,520 |
+3% |
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NASDAQ |
-32.90 |
4,748.36 |
-0.69% |
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Advancers |
1,693 |
55% |
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Advancers |
1,266 |
44% |
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S&P 500 |
-7.13 |
1,979.92 |
-0.36% |
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Decliners |
1,357 |
44% |
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Decliners |
1,634 |
56% |
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Russell 2000 |
-7.95 |
1,133.69 |
-0.70% |
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52 Wk Highs |
24 |
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52 Wk Highs |
39 |
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S&P 600 |
-3.46 |
668.90 |
-0.51% |
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52 Wk Lows |
15 |
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52 Wk Lows |
43 |
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Rebounding Indices Ended Mixed With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mixed on Tuesday. The Dow rose 13 points to 16790. The S&P 500 declined 7 points to 1979. The NASDAQ retreated 32 points to 4748. The volume totals were reported mixed, lighter than the prior session total on the NYSE, but slightly higher on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the NYSE but decliners led advancers by 4-3 on the Nasdaq exchange. There were 23 stocks that made it onto the BreakOuts Page, down from the prior session total of 35 high-ranked companies from the Leaders List that made a new 52-week high. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows led new highs on the Nasdaq exchange. There was a gain for only 1 of the 5 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Nasdaq Composite Index faces near-term resistance at its 50-day moving average (DMA) line and at a multi-month downward trendline. Its MACD indicator has turned bullish.
Solid follow-through gains for the major indices on Friday and Monday signaled a new confirmed uptrend (M criteria). However, all 3 major averages 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 pared losses after the S&P 500 set a two-week high yesterday. Economic data today showed the trade deficit widened to $48.3 billion in August from $41.8 billion in July.
Six of 10 S&P 500 sectors finished in negative territory. Health care was off the most, resuming last week’s decline. Celgene (CELG -3.80%) and Biogen (BIIB -3.69%). In consumer stocks, the Container Store (TCS -18.63%) tumbled after missing on top and bottom lines, but PepsiCo (PEP +1.32%) rose after a positive quarterly profit tally. In tech, Skyworks Solutions (SWKS -1.42%) fell after agreeing to pay $2 billion in cash for PMC Sierra (PMCS +33.16%). However, Illumina (ILMN -10.64%) sank after lowering forward guidance. DuPont (DD +7.66%) lifted materials on the heels of a CEO change.
Treasuries gained, recouping some of Monday’s losses. The benchmark 10-year note advanced 7/32 to yield 2.03%.
Commodities were broadly higher. WTI crude added 5.2% to $48.69/barrel. COMEX gold was up 0.8% to $1146.80/ounce as the dollar weakened.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Rose; Biotech, Retail, and Financials Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were standout gainers on Tuesday as the Gold & Silver Index ($XAU +4.11%), Oil Services Index ($OSX +4.63%) and the Integrated Oil Index ($XOI +2.48%) each ratcheted higher for another day of big gains. The Retail Index ($RLX -1.07%) was a negative influence on the major averages along with financial shares as the Broker/Dealer Index ($XBD -1.16%) and Bank Index ($BKX -0.32%) both fell. The Biotechnology Index ($BTK -4.81%) ended considerably lower, meanwhile the Networking Index ($NWX -0.24%) edged lower and the Semiconductor Index ($SOX +0.34%) edged higher.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -4.81%) undercut prior lows with a big loss. Its 50-day moving average (DMA) line recently crossed below its 200 DMA line, an ominously bearish sign.
| Oil Services |
$OSX |
180.02 |
+7.96 |
+4.63% |
-14.63% |
| Integrated Oil |
$XOI |
1,170.21 |
+28.26 |
+2.48% |
-13.20% |
| Semiconductor |
$SOX |
621.95 |
+2.10 |
+0.34% |
-9.45% |
| Networking |
$NWX |
372.20 |
-0.90 |
-0.24% |
+3.98% |
| Broker/Dealer |
$XBD |
167.53 |
-1.96 |
-1.16% |
-9.27% |
| Retail |
$RLX |
1,204.65 |
-13.04 |
-1.07% |
+16.65% |
| Gold & Silver |
$XAU |
53.38 |
+2.10 |
+4.10% |
-22.39% |
| Bank |
$BKX |
70.68 |
-0.23 |
-0.32% |
-4.82% |
| Biotech |
$BTK |
3,350.58 |
-169.40 |
-4.81% |
-2.57% |
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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! |
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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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$135.19
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+1.65
1.24% |
$135.72
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248,486
79.64% of 50 DAV
50 DAV is 312,000
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$134.79
0.30%
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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 - 10/5/2015 6:10:05 PM
G - Rebounded near prior highs and no resistance remains due to overhead supply. The "V" shaped consolidation over the past 10 weeks is not recognized as a sound base. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebounding Near Prior High After "V" Shaped Consolidation - 10/5/2015 |
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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$165.91
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-2.13
-1.27% |
$167.96
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714,475
75.37% of 50 DAV
50 DAV is 948,000
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$176.77
-6.14%
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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 - 10/5/2015 6:15:45 PM
G - Rose further above its 50 DMA line with today's 4th consecutive gain. 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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$53.68
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-0.46
-0.85% |
$55.23
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911,742
281.40% of 50 DAV
50 DAV is 324,000
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$55.38
-3.07%
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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 - 10/6/2015 12:28:11 PM
Y - Hit a new 52-week high with a considerable volume-driven gain on the prior session triggering a technical buy signal. The high-ranked Ireland-based Computer Software - Enterprise firm's prompt rebound above the 50 DMA line helped its outlook to improve.
>>> 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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$66.29
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-0.26
-0.39% |
$66.94
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201,271
80.51% of 50 DAV
50 DAV is 250,000
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$68.85
-3.72%
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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 - 10/5/2015 6:14:28 PM
G - Rebounded further above its 50 DMA line toward prior highs with below average volume behind today's gain. Little resistance remains due to overhead supply however it has not formed a sound base.
>>> 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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$46.76
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-3.82
-7.55% |
$50.81
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342,615
106.07% of 50 DAV
50 DAV is 323,000
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$55.98
-16.47%
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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 - 10/6/2015 6:26:45 PM
G - Slumped below its 50 DMA line today, raising concerns amid widespread losses in the Medical group. Recent low ($44.23 on 9/28/15) defines important near-term support below the 50 DMA line.
>>> 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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