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AFTER MARKET UPDATE - FRIDAY, OCTOBER 9TH, 2015
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DOW |
+33.74 |
17,084.49 |
+0.20% |
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Volume |
900,116,870 |
+0% |
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Volume |
1,676,382,790 |
-9% |
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NASDAQ |
+19.68 |
4,830.47 |
+0.41% |
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Advancers |
1,740 |
57% |
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Advancers |
1,560 |
56% |
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S&P 500 |
+1.46 |
2,014.89 |
+0.07% |
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Decliners |
1,320 |
43% |
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Decliners |
1,241 |
44% |
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Russell 2000 |
+2.11 |
1,165.36 |
+0.18% |
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52 Wk Highs |
60 |
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52 Wk Highs |
69 |
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S&P 600 |
+0.19 |
687.76 |
+0.03% |
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52 Wk Lows |
11 |
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52 Wk Lows |
27 |
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Leadership Improved as Major Averages Tallied Solid Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow gained 3.7%, the S&P 500 climbed 3.3% and the NASDAQ added 2.6%. Stocks finished higher on Friday. The Dow rose 33 points to 17084. The S&P 500 advanced 1 point to 2014. The NASDAQ climbed 19 points to 4830. The volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost 3-2 margin on the NYSE and by 5-4 on the Nasdaq exchange. Leadership improved as there were 49 stocks that made it onto the BreakOuts Page, up from the prior session total of 41 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 and on the Nasdaq exchange. There were gains for 5 of the 6 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Nasdaq Composite index has rebounded near its 50-day moving average (DMA) line which previously acted as resistance.
The S&P 500 Index and Dow Jones Industrial Average both found support above their August lows and have already rebounded above their respective 50 DMA lines. Solid follow-through gains for the major indices established 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 eked out gains as the S&P 500 concluded its best week
of performance this year. Economic data showed import prices fell less than
projected in September, while wholesale prices in August unexpectedly rose.
Six of 10 S&P 500 sectors were in positive territory as tech and health
care led the way. Apple (AAPL +2.39%) rose after forging new Apple Pay
alliances with retailers. Eli Lilly (LLY +2.83%) lifted health stocks after positive analyst commentary. In industrials, United Continental (UAL +6.60%) after raising forward guidance. Materials were flat
as a gain by International Paper (IP +5.21%) was offset by a decline in Alcoa (AA -6.81%) after it missed earnings and revenue estimates. Bearish analyst
commentary left Tesla (TSLA 2.66%) lower, and The Gap (GPS -5.28%) fell on
the heels of lowered forward guidance. Despite workforce cuts, Chevron (CVX -
0.38%) edged lower.
Treasuries were little changed with the benchmark 10-year note up 2/32 to
yield 2.10%.
Commodities were mostly higher. WTI crude extended gains but finished off
session highs as it rose 0.3% to $49.56/barrel. COMEX gold advanced 1.1% to
$1157.10/ounce amid dollar weakness and higher-than-expected inflation data.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Retail, and Biotech Indexes Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +4.45%) was a standout gainer on Friday. The Oil Services Index ($OSX -0.04%) finished flat and the Integrated Oil Index ($XOI -0.87%) was lower after recent big gains. The Retail Index ($RLX +0.34%) edged higher while the Bank Index ($BKX -0.94%) and Broker/Dealer Index ($XBD -1.19%) were both negative influences on the major averages. The Biotechnology Index ($BTK +1.41%) rose while the Networking Index ($NWX -0.55%) and the Semiconductor Index ($SOX -0.84%) both lost ground
PICTURED: The Gold & Silver Index ($XAU +4.45%) is rallying above prior highs toward its 200-day moving average (DMA) line and previous lows. Many stocks in the gold-silver mining industry face resistance due to considerable overhead supply created in recent years.
| Oil Services |
$OSX |
185.56 |
-0.07 |
-0.04% |
-12.00% |
| Integrated Oil |
$XOI |
1,209.94 |
-10.65 |
-0.87% |
-10.25% |
| Semiconductor |
$SOX |
629.51 |
-5.30 |
-0.83% |
-8.35% |
| Networking |
$NWX |
379.87 |
-2.10 |
-0.55% |
+6.13% |
| Broker/Dealer |
$XBD |
167.98 |
-2.02 |
-1.19% |
-9.03% |
| Retail |
$RLX |
1,222.68 |
+4.19 |
+0.34% |
+18.39% |
| Gold & Silver |
$XAU |
56.04 |
+2.39 |
+4.45% |
-18.52% |
| Bank |
$BKX |
70.85 |
-0.68 |
-0.95% |
-4.59% |
| Biotech |
$BTK |
3,450.32 |
+47.85 |
+1.41% |
+0.33% |
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Met Some Resistance After Touching a New 52-Week High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Blackhawk Network Inc (HAWK +$0.43 or +0.94% to $45.94) was highlighted in yellow with new pivot point cited based on the 8/03/15 high plus 10 cents in the earlier mid-day report (read here). Today it hit a new 52-week high but encountered distributional pressure and finished in the lower half of its intra-day range. A subsequent volume driven gain and strong close above the pivot are still needed to trigger a proper technical buy signal.
It found support at its 200-day moving average (DMA) line and recently rebounded through resistance due to overhead supply. It reported earnings +36% on +31% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system.
The number of top-rated funds owning its shares rose from 205 in Dec '14 to 294 in Sep '15, a reassuring sign concerning the I criteria. Currently the Finance - Credit Card/Payment Processing firm has a Timeliness rating of A and a Sponsorship rating of C. The small supply of only 53.5 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling.
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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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$141.08
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-0.32
-0.23% |
$143.69
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296,560
92.97% of 50 DAV
50 DAV is 319,000
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$141.60
-0.37%
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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 - 10/9/2015 5:46:24 PM
G - Small loss today following a streak of 8 gains for new highs. No resistance remains due to overhead supply. The "V" shaped consolidation over the past 10 weeks is not recognized as a sound base.
>>> FEATURED STOCK ARTICLE : Rebounding Near Prior High After "V" Shaped Consolidation - 10/5/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
HAWK
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NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$45.94
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+0.43
0.94% |
$46.97
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943,930
201.26% of 50 DAV
50 DAV is 469,000
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$46.13
-0.41%
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10/9/2015
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$45.82
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PP = $46.23
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MB = $48.54
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Most Recent Note - 10/9/2015 5:53:06 PM
Y - Finished in the lower half of its intra-day range after highlighted in yellow with new pivot point cited based on the 8/03/15 high plus 10 cents. A volume driven gain and strong close above the pivot may trigger a technical buy signal. Found support at its 200 DMA line and rebounded through overhead supply to hit a new 52-week high today. Reported earnings +36% on +31% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Met Some Resistance After Touching a New 52-Week High - 10/9/2015 |
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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$165.80
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+1.86
1.13% |
$166.20
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487,876
50.56% of 50 DAV
50 DAV is 965,000
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$176.77
-6.21%
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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 - 10/9/2015 5:49:24 PM
G - Quietly consolidating just above its 50 DMA line. 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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$55.84
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+1.20
2.20% |
$56.19
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487,870
135.14% of 50 DAV
50 DAV is 361,000
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$55.38
0.83%
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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 - 10/9/2015 11:09:30 AM
G - Color code is changed to green after rallying above its "max buy" level hitting a new 52-week high. Prior highs in the $52 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Volume-Driven Breakout - 10/8/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$66.32
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+0.86
1.31% |
$66.80
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158,259
63.56% of 50 DAV
50 DAV is 249,000
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$68.85
-3.67%
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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 - 10/9/2015 5:48:30 PM
G - Quietly consolidating above its 50 DMA line, perched within close striking distance of prior highs. 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 |
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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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$44.46
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+0.84
1.93% |
$45.30
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289,308
82.19% of 50 DAV
50 DAV is 352,000
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$55.98
-20.58%
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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 - 10/9/2015 5:51:42 PM
G - Slump well below its 50 DMA line raised concerns amid widespread losses in the Medical group. The 200 DMA line ($39.52) defines important near-term support.
>>> 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 |
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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.
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
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