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AFTER MARKET UPDATE - THURSDAY, MAY 14TH, 2015
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DOW |
+191.75 |
18,252.24 |
+1.06% |
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Volume |
696,651,190 |
-1% |
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Volume |
1,610,499,750 |
+4% |
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NASDAQ |
+69.11 |
5,050.80 |
+1.39% |
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Advancers |
2,350 |
74% |
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Advancers |
2,027 |
68% |
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S&P 500 |
+22.62 |
2,121.10 |
+1.08% |
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Decliners |
753 |
24% |
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Decliners |
874 |
29% |
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Russell 2000 |
+12.83 |
1,245.11 |
+1.04% |
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52 Wk Highs |
103 |
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52 Wk Highs |
109 |
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S&P 600 |
+7.65 |
716.06 |
+1.08% |
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52 Wk Lows |
25 |
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52 Wk Lows |
32 |
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Thursday's solid gain of +1.4% for the Nasdaq Composite Index came on higher volume along with a new record high close for the S&P 500 Index. The strength and better leadership put an end to the previously noted "correction" and established a new "confirmed uptrend" for the major indices (M criteria). This is always important because 3 out of 4 stocks typically move in the same direction as the major averages.
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Major Averages Confirm Rally With Healthy Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Thursday. The Dow gained 191 points to 18252. The S&P 500 advanced 22 points to an all-time high of 2121. The NASDAQ was up 69 points to close at 5050. The volume totals were reported mixed, higher than the prior session total on the Nasdaq exchange but slightly lower on the NYSE. Breadth was clearly positive as advancers led decliners by a 3-1 margin on the NYSE and 5-2 on the Nasdaq exchange.
Leadership improved again as there were 59 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, up from the prior session total of 43 stocks. New 52-week highs expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for all 11 of the high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the action met the definition of a "follow-through day" under the guidelines the fact-based investment system, signaling that investors have a favorable market environment for buying stocks meeting all of the key fundamental and technical criteria. The Nasdaq Composite Index's 1.4% gain on higher volume was coupled with the S&P 500 Index's finish at a new record high close and improving leadership (more stocks hitting new 52-week highs).
PICTURED: The tech-heavy Nasdaq Composite Index rose +1.4% with higher volume on Thursday, a "follow-through day" helping to confirm the market's shift back to a confirmed uptrend.
The major averages climbed after initial jobless claims for the week remained at a 15-year low. In other economic news, April’s measure of wholesale prices unexpectedly declined -0.4%. All ten sectors in the S&P were higher with tech stocks Apple (AAPL +2.2%) and Microsoft (MSFT +2.3%) leading the way. target (TGT -3.2%) fell after announcing the sale of its commercial interiors business.
On the earnings front, Kohl’s (KSS -13.6%) fell after missing analyst’s projections. Shares of Shake Shack (SHAK -4.8%) reversed early gains to finish down despite posting a surprise profit. Ahead of its earnings report, Nordstrom’s (JWN -2.6%) fell. In M&A news, Avon (AVP +6%) shares pared mid-session gains after the company refuted rumors of a proposed takeover bid.
Treasuries erased Wednesday’s losses as the 10-year note advanced 11/32 to yield 2.24%. The 30-year Treasury gained 14/32 to yield 3.06% after the latest $16 billion auction.
Commodities were mixed as oil continued a two day slide. WTI crude declined 1.2% to $59.75/barrel. COMEX gold rose 0.2% to $1221.30/ounce. In FOREX, the Dollar Index continued to move lower, declining 0.3% on the day.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech Sector Strength Helps Lead Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Semiconductor Index ($SOX +1.17%), Networking Index ($NWX +1.04%) and Biotechnology Index ($BTK +1.01%) ended unanimously higher helping the tech-heavy Nasdaq Composite Index outpace its peers. Financials were a positive influence as the Bank Index ($BKX +0.39%) and Broker/Dealer Index ($XBD +0.38%) both finished modestly higher. The Retail Index ($RLX -0.14%) ended with a small loss while the Gold & Silver Index ($XAU +0.16%) inched higher. Energy-related shares were mixed as the Oil Services Index ($OSX -1.06%) fell while the Integrated Oil Index ($XOI +0.28%) edged higher.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX +1.04%) fund support near its 50-day moving average (DMA) line during prior consolidations.
| Oil Services |
$OSX |
219.53 |
-2.35 |
-1.06% |
+4.11% |
| Integrated Oil |
$XOI |
1,379.16 |
+3.89 |
+0.28% |
+2.30% |
| Semiconductor |
$SOX |
708.32 |
+8.19 |
+1.17% |
+3.12% |
| Networking |
$NWX |
386.57 |
+3.99 |
+1.04% |
+8.00% |
| Broker/Dealer |
$XBD |
192.85 |
+0.73 |
+0.38% |
+4.45% |
| Retail |
$RLX |
1,136.56 |
-1.60 |
-0.14% |
+10.05% |
| Gold & Silver |
$XAU |
75.36 |
+0.12 |
+0.16% |
+9.57% |
| Bank |
$BKX |
75.92 |
+0.30 |
+0.40% |
+2.24% |
| Biotech |
$BTK |
4,032.49 |
+40.50 |
+1.01% |
+17.25% |
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Found Reassuring Support at 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Great Southern Bancorp (GSBC +0.06 or +0.15% to $40.14) tallied a gain with near average volume while rising from support at its 50-day moving average (DMA) line ($38.88). Recent lows ($38.00 on 5/06/15) define the next important support where any subsequent violations would raise concerns and trigger technical sell signals.
After last shown in this FSU section on 4/27/15 with annotated graphs under the headline, "Distributional Action Today and Annual Earnings History a Concern", it produced a gain above the pivot point with at least +40% above average volume and triggered a technical buy signal, however, it stalled and encountered distributional pressure right away.
The number of top-rated funds owning is shares rose from 162 in Jun '14 to 189 in Mar '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication that its shares have been under accumulation over the past 50 days.
Earnings increases were above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Mar '15. Annual earnings (A criteria) have not been strong and steady. Note that the annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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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 | GSBC - NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans | $40.14 | +0.06
0.15% | $40.57 | 29,263
94.40% of 50 DAV
50 DAV is 31,000 | $41.41
-3.07%
| 4/27/2015 | $40.94 | PP = $40.54 | | MB = $42.57 |  Most Recent Note - 5/14/2015 6:21:37 PM
Y - Tallied a gain with average volume while rising from support at its 50 DMA line. Recent lows ($38.00 on 5/06/15) define the next important support. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Reassuring Support at 50-Day Moving Average Line - 5/14/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service | $66.33 | +0.57
0.87% | $66.73 | 265,144
61.38% of 50 DAV
50 DAV is 432,000 | $70.49
-5.90%
| 3/27/2015 | $61.97 | PP = $63.60 | | MB = $66.78 | Most Recent Note - 5/11/2015 6:29:52 PM
G - Sank near its 50 DMA line ($64.07) with a loss on higher volume today. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services | $154.88 | +1.56
1.02% | $155.95 | 454,538
81.83% of 50 DAV
50 DAV is 555,500 | $165.67
-6.51%
| 5/1/2015 | $155.23 | PP = $160.50 | | MB = $168.53 | Most Recent Note - 5/12/2015 10:32:33 PM
G - Still sputtering below its 50 DMA line which recently acted as resistance. A rebound above the 50 DMA line would help its outlook improve. Technically, it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. Reported earnings +29% on +64% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other | $222.82 | +2.92
1.33% | $222.87 | 931,397
41.10% of 50 DAV
50 DAV is 2,266,000 | $227.76
-2.17%
| 1/5/2015 | $144.84 | PP = $149.90 | | MB = $157.40 | Most Recent Note - 5/13/2015 8:26:33 PM
G - Hovering near all-time highs after volume-driven gains. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following Volume-Driven Gains - 5/7/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line | $102.66 | +1.02
1.00% | $103.00 | 1,890,386
58.45% of 50 DAV
50 DAV is 3,234,000 | $108.50
-5.38%
| 4/15/2015 | $100.75 | PP = $108.60 | | MB = $114.03 | Most Recent Note - 5/12/2015 10:27:22 PM
Y - Consolidating just above its 50 DMA line with losses on lighter volume. Little overhead supply remains up through the $108 level. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Rallied Toward Prior Highs Following Earnings News - 5/8/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | 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 | SWKS - NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir | $98.48 | +1.83
1.89% | $98.90 | 2,214,146
46.59% of 50 DAV
50 DAV is 4,752,000 | $102.77
-4.17%
| 5/1/2015 | $97.51 | PP = $102.87 | | MB = $108.01 | Most Recent Note - 5/14/2015 6:29:26 PM
Y - Posted a small gain on very light volume today while consolidating just above its 50 DMA line ($96.20) and still building on a riskier "late-stage" base pattern. Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 5/4/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized | $75.90 | +2.79
3.82% | $75.95 | 1,401,968
95.96% of 50 DAV
50 DAV is 1,461,000 | $77.80
-2.44%
| 5/1/2015 | $75.99 | PP = $77.49 | | MB = $81.36 | Most Recent Note - 5/14/2015 6:25:41 PM
Y - Rose from support at its 50 DMA line ($72.10) and finished near the session high with a gain today on average volume. Subsequent damaging losses leading to violations of the 50 DMA line or prior lows ($68.30 on 4/28/15) would raise concerns and trigger technical sell signals. Volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average - 5/12/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services | $78.36 | +2.24
2.94% | $78.44 | 1,523,138
104.11% of 50 DAV
50 DAV is 1,463,000 | $77.31
1.36%
| 4/20/2015 | $73.53 | PP = $73.63 | | MB = $77.31 | Most Recent Note - 5/14/2015 6:23:22 PM
G - Rallied for a new high today with average volume and finished near the session high. Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Arose After Sub Par Earnings News - 5/6/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials | $54.56 | +0.29
0.53% | $54.97 | 126,739
53.03% of 50 DAV
50 DAV is 239,000 | $55.36
-1.45%
| 4/9/2015 | $49.58 | PP = $48.13 | | MB = $50.54 | Most Recent Note - 5/13/2015 8:24:16 PM
G - Volume totals have been cooling while still consolidating in a very tight range near its 52-week high. It has not formed a sound base, but stubbornly held its ground. Prior highs in the $48 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen | $168.41 | +4.21
2.56% | $168.44 | 288,655
99.88% of 50 DAV
50 DAV is 289,000 | $174.83
-3.67%
| 2/3/2015 | $156.95 | PP = $154.66 | | MB = $162.39 | Most Recent Note - 5/14/2015 6:27:30 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line ($164.90) helping its outlook improve. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Rebounded Near 50 Day Moving Average Line - 5/13/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | 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 | PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security | $153.71 | +2.23
1.47% | $154.00 | 1,025,146
79.90% of 50 DAV
50 DAV is 1,283,000 | $158.24
-2.86%
| 3/27/2015 | $146.44 | PP = $149.45 | | MB = $156.92 | Most Recent Note - 5/14/2015 6:30:31 PM
Y - Its 50 DMA line acted as support during its ongoing advance. Volume totals have been below average while consolidating since triggering a new technical buy signal with a volume-driven gain on 4/21/15. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M |
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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,
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are the property of their respective owners, and are
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