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AFTER MARKET UPDATE - FRIDAY, OCTOBER 30TH, 2015
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DOW |
-92.26 |
17,663.54 |
-0.52% |
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Volume |
1,116,777,950 |
+32% |
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Volume |
1,835,663,150 |
+4% |
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NASDAQ |
-20.52 |
5,053.75 |
-0.40% |
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Advancers |
1,656 |
54% |
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Advancers |
1,211 |
42% |
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S&P 500 |
-10.05 |
2,079.36 |
-0.48% |
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Decliners |
1,399 |
46% |
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Decliners |
1,684 |
58% |
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Russell 2000 |
-3.77 |
1,161.86 |
-0.32% |
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52 Wk Highs |
68 |
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52 Wk Highs |
48 |
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S&P 600 |
-2.34 |
689.36 |
-0.34% |
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52 Wk Lows |
51 |
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52 Wk Lows |
81 |
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Major Averages Posted Best Monthly Gains Since 2011
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the month, the Dow gained +8.5%, the S&P climbed +8.3% and the NASDAQ finished +9.4% higher. Stocks were lower on Friday. The Dow fell 92 points to 17663. The S&P 500 was off 10 points to 2079. The NASDAQ ebbed 20 points to 5053. Volume totals were reported higher on the NYSE and on the Nasdaq exchange, a sign of an increase in institutional selling pressure. Advancers led decliners by an 8-7 margin on the NYSE while decliners led advancers by a 4-3 margin on the Nasdaq exchange. Leadership contracted as there were 45 stocks that made it onto the BreakOuts Page, down from the prior session total of 62 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 outnumbered new highs on the Nasdaq exchange. There were gains for 4 of the 8 high-ranked companies currently on the Featured Stocks Page. PICTURED: The Nasdaq Composite Index finished -3.4% off its all-time high, consolidating above its 200-day moving average (DMA) line.
The major indices have established a confirmed uptrend (M criteria). Coupled with a reassuring expansion in leadership (stocks hitting new 52-week highs) big gains helped the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index unanimously rally above their respective 200-day moving average lines. The market environment is technically in healthier shape. New buying efforts may be considered in stocks meeting all key criteria, and some new candidates have met the strict guidelines of the fact-based investment system in the recent recovery.
For the week, the Dow added 0.1%, the S&P 500 advanced 0.2%, while the NASDAQ was up 0.4%. On Friday the major averages retreated modestly while capping the best month for U.S. equities since 2011. In economic news, PCE data showed that consumer spending increased by 0.1% in October, the weakest advance since January. In a separate release, University of Michigan consumer sentiment increased by less than was previously reported in October. On the positive side, ISM Milwaukee and Chicago Purchasing Manager numbers reports were both better than expected. In earnings, LinkedIn (LNKD +10.9%) and First Solar (FSLR +11.9%) rallied after both companies easily exceeded profit expectations and raised forward guidance. Phillips 66 (PSX +3.1%) rose on higher-than-forecast refining revenue. Exxon (XOM +0.7%) and Chevron (CVX +1.2%) rose after each beat consensus projections on both the top and bottom line. Five of ten sectors in the S&P 500 finished higher on the session. Consumer staples and financial stocks underperformed while the energy and telecom sectors paced the gains. Breadth was even on the NYSE and negative by 5-3 on NASDAQ. NYSE composite volume was 4.2 billion shares. Treasuries were mixed with the curve flattening. The benchmark U.S. 10-year note advanced 8/32, to yield 2.14%. Commodities were mixed. WTI crude was up 0.8% to $46.40/barrel. COMEX gold declined 0.6% to $1140.80/ounce. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Energy, and Tech Groups Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.76%) posted a modest gain but financial shares had a negative influence on the major averages as the Broker/Dealer Index ($XBD -0.52%) and the Bank Index ($BKX -1.90%) both fell on Friday. The Semiconductor Index ($SOX +0.85%) and the Networking Index ($NWX +0.40%) each posted a modest gain, meanwhile the Biotechnology Index ($BTK -1.15%) slid. Energy-related shares had a positive bias as the Oil Services Index ($OSX +1.02%) and the Integrated Oil Index ($XOI +0.73%) both posted small gains, but the Gold & Silver Index ($XAU -1.53%) ended lower.PICTURED: The Biotechnology Index ($BTK -1.15%) met resistance at its 50-day moving average (DMA) line this week. That short-term average also acted as resistance back in September when trying to rebound.
| Oil Services |
$OSX |
177.26 |
+1.80 |
+1.03% |
-15.94% |
| Integrated Oil |
$XOI |
1,196.10 |
+8.70 |
+0.73% |
-11.28% |
| Semiconductor |
$SOX |
662.52 |
+5.58 |
+0.85% |
-3.55% |
| Networking |
$NWX |
396.49 |
+1.57 |
+0.40% |
+10.77% |
| Broker/Dealer |
$XBD |
176.17 |
-0.93 |
-0.52% |
-4.59% |
| Retail |
$RLX |
1,287.68 |
+9.65 |
+0.76% |
+24.69% |
| Gold & Silver |
$XAU |
51.45 |
-0.80 |
-1.53% |
-25.20% |
| Bank |
$BKX |
72.58 |
-1.40 |
-1.89% |
-2.26% |
| Biotech |
$BTK |
3,519.92 |
-41.10 |
-1.15% |
+2.35% |
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Earnings News Due May Contribute to Volatility Next Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Fleetmatics Group Plc (FLTX +$0.69 or +1.26% to $55.66) posted a small gain on Friday to rise back above its "max buy" level and its color code is changed to green. Prior highs in the $52 area acted as support during its consolidation. It is perched near its 52-week high. A volume-driven gain on 10/05/15 that triggered a technical buy signal. Keep in mind that it is due to report Sep '15 quarterly earnings on 11/03/15, and volume and volatility often increase near earnings news.
The high-ranked Ireland-based Computer Software - Enterprise found support near the 50-day moving average (DMA) line during its earlier consolidation. In the 9/23/15 mid-day report (read here) it was highlighted at $51.26 in yellow with pivot point cited based on its 8/07/15 high plus 10 cents.
The number of top-rated funds owning its share rose from 280 in Dec '14 to 322 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 38.5 million shares outstanding (S criteria) can contribute to volatility in the event of any institutional buying or selling.
It found support at its 200 DMA line during its consolidation since noted with caution at its 52-week high in the 8/07/15 mid-day report "Reported earnings +83% on +24% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). That helps it better match the fact-based investment system's guidelines however sequential quarterly comparisons have shown deceleration in its growth rate. Gapped up today hitting a new 52-week high, and no resistance remains due to overhead supply. Encountered distributional pressure following a technical breakout on 7/27/15, then found support above its 50 DMA line during its recent consolidation." |
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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 |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$51.54
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-1.12
-2.13% |
$53.86
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156,209
80.11% of 50 DAV
50 DAV is 195,000
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$54.00
-4.56%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 10/28/2015 5:57:02 PM
G - Color code was changed to green after rallying well above its "max buy" level. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Triple Average Volume Behind Spike to New HIgh Territory - 10/22/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$72.85
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-0.11
-0.15% |
$73.84
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280,731
49.69% of 50 DAV
50 DAV is 565,000
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$74.85
-2.67%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 10/28/2015 6:09:29 PM
G - Color code is changed to green after rising well above its "max buy" level with a volume-driven gain. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Strong With Gain Backed By Heavy Volume - 10/21/2015 |
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Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$64.72
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+1.65
2.62% |
$65.28
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105,428
144.42% of 50 DAV
50 DAV is 73,000
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$63.68
1.63%
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10/27/2015
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$56.00
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PP = $57.33
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MB = $60.20
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Most Recent Note - 10/29/2015 6:42:48 PM
G - Rallied above its "max buy" level with today's 3rd consecutive volume-driven gain and its color code is changed to green. Prior highs in the $57 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Small Supply in Food Firm Tecnically Breaking Out - 10/27/2015 |
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C
A
S
I |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$204.35
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-0.28
-0.14% |
$208.70
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241,789
90.56% of 50 DAV
50 DAV is 267,000
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$209.60
-2.50%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 10/29/2015 6:39:10 PM
Y - Volume-driven gains above the pivot point clinched a technical buy signal. Reported earnings +38% on +22% sales revenues for the Sep '15 quarter. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By Heavy Volume - 10/28/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$174.09
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+0.79
0.46% |
$175.72
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703,698
73.45% of 50 DAV
50 DAV is 958,000
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$176.77
-1.52%
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10/22/2015
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$168.02
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PP = $170.31
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MB = $178.83
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Most Recent Note - 10/29/2015 6:36:47 PM
Y - Posted low volume gains above its pivot point for its best-ever close and no resistance remains due to overhead supply. Gains above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Indicative of Institutional Buying Demand - 10/29/2015 |
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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 |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$55.66
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+0.69
1.26% |
$56.18
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399,539
105.14% of 50 DAV
50 DAV is 380,000
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$57.15
-2.61%
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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 - 10/30/2015 5:25:56 PM
G - Color code is changed to green after rising back above its "max buy" level. Prior highs in the $52 area acted as support during its consolidation. Earnings news is due on 11/03/15. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Earnings News Due May Contribute to Volatility Next Week - 10/30/2015 |
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
|
$66.64
|
-0.93
-1.38% |
$68.05
|
177,532
76.85% of 50 DAV
50 DAV is 231,000
|
$70.94
-6.06%
|
10/22/2015
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$66.65
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PP = $68.95
|
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MB = $72.40
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Most Recent Note - 10/29/2015 6:44:22 PM
Y - Pulled back today with light volume. Gap up on 10/23/15 and new 52-week high triggered a new (or add-on) technical buy signal. New pivot point cited was based on its 9/17/15 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Retreat Into Prior Base Following Latest Breakout - 10/26/2015 |
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C
A
S
I |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$49.26
|
+0.95
1.97% |
$49.90
|
549,123
180.04% of 50 DAV
50 DAV is 305,000
|
$48.40
1.78%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 10/30/2015 1:01:27 PM
G - Rallying further into new high territory above its "max buy" level today after 2 considerable volume-driven gains. Disciplined investors avoid chasing stocks extended more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Finished Strong But Approaching Prior Resistance - 10/23/2015 |
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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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