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AFTER MARKET UPDATE - TUESDAY, MAY 19TH, 2015
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DOW |
+13.51 |
18,312.39 |
+0.07% |
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Volume |
723,048,500 |
+11% |
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Volume |
1,610,466,340 |
+7% |
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NASDAQ |
-8.41 |
5,070.03 |
-0.17% |
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Advancers |
1,236 |
39% |
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Advancers |
1,212 |
41% |
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S&P 500 |
-1.37 |
2,127.83 |
-0.06% |
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Decliners |
1,836 |
58% |
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Decliners |
1,620 |
55% |
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Russell 2000 |
-1.87 |
1,255.66 |
-0.15% |
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52 Wk Highs |
121 |
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52 Wk Highs |
129 |
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S&P 600 |
-0.46 |
721.58 |
-0.06% |
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52 Wk Lows |
41 |
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52 Wk Lows |
53 |
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Major Averages Ended Mixed With Breadth Slightly Negative
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were mixed on Tuesday. The Dow was up 14 points to a new all-time high of 18312. The S&P 500 slipped a point from its record level to 2127. The NASDAQ lost 8 points to 5070. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE, and by a 4-3 margin on the Nasdaq exchange. There were 79 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 75 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, Thursday's bullish action last week 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 Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line and it finished Tuesday's session perched only -0.4% off its best-ever close from 4/24/15. Its MACD indicator recently turned bullish.
The major averages ended a choppy session little changed as investors weighed positive housing data against generally disappointing earnings by retailers. Before the open, reports unexpectedly showed new home construction surged in April to the highest level in more than seven years. Shares of Wal-Mart (WMT -4.37%) after posting quarterly results below consensus due to the impact of higher wages and a stronger dollar. Urban Outfitters (URBN -15.00%) sank as profits missed projections. Home Depot (HD -1.74%) fell despite topping analyst forecasts. TJX Companies (TJX +2.87%) climbed after its release exceeded expectations.
Seven of 10 sectors in the S&P 500 were down on the session. Energy was the worst performing group as oil declined. Transocean (RIG -5.86%) and Halliburton (HAL -3.53%) were both lower. Financials were the best performing led by regional lenders including Fifth Third (FITB +2.12%) SunTrust (STI +1.96%).
Treasuries fell as the posting housing data prompted speculation on when the Fed may raise interest rates. Benchmark 10-years notes declined 13/32 to yield 2.28%.
In commodities, NYMEX WTI crude dropped 3.7% to $57.26/barrel. COMEX gold lost 1.6% to $1207.70/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank Index Rose; Commodity-Linked Groups Led Broader Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Tuesday the Bank Index rose ($BKX +1.27%) while most other groups including the Broker/Dealer Index ($XBD -0.10%) ended the session lower. The Retail Index ($RLX -0.64%) created a drag on the major averages. The tech sector saw unanimous yet small losses from the Semiconductor Index ($SOX -0.44%), Networking Index ($NWX -0.23%), and the Biotechnology Index ($BTK -0.10%). Commodity-linked groups were the weakest and the Gold & Silver Index ($XAU -3.86%) suffered a large loss while declines in energy-related shares pressured the Oil Services Index ($OSX -2.89%) and the Integrated Oil Index ($XOI -0.33%).
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD -0.10%) hit a new high on Tuesday but reversed into the red.
| Oil Services |
$OSX |
213.47 |
-6.35 |
-2.89% |
+1.23% |
| Integrated Oil |
$XOI |
1,361.70 |
-15.95 |
-1.16% |
+1.01% |
| Semiconductor |
$SOX |
713.39 |
-3.15 |
-0.44% |
+3.86% |
| Networking |
$NWX |
390.47 |
-0.90 |
-0.23% |
+9.09% |
| Broker/Dealer |
$XBD |
194.68 |
-0.19 |
-0.10% |
+5.44% |
| Retail |
$RLX |
1,145.35 |
-7.38 |
-0.64% |
+10.91% |
| Gold & Silver |
$XAU |
71.98 |
-2.89 |
-3.86% |
+4.65% |
| Bank |
$BKX |
76.91 |
+0.98 |
+1.29% |
+3.57% |
| Biotech |
$BTK |
4,101.52 |
-4.30 |
-0.10% |
+19.26% |
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Gains for New Highs Lacked Substantial Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Skyworks Solutions Inc (SWKS +$0.96 or +0.93% to $103.99) hit another new 52-week high with today's gain backed by +19% above average volume. On the prior session its gain was backed by +27% above average volume. It recently found support near its 50-day moving average (DMA) line while building on a riskier "late-stage" base pattern. Without heavy volume behind a breakout, investors are missing the necessary proof of serious institutional buying demand capable of contributing to a considerable and sustained advance in price. Members were previously reminded - "Gains backed by at least +40% above average volume while rallying above the pivot point may trigger a technical buy signal."
SWKS was last shown in this FSU section on 5/04/15 with annotated graphs under the headline, "Found Prompt Support at 50-Day Moving Average Line". It was highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the 5/01/15 mid-day report (read here). Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal.
It showed sales revenues increases of +35%, 51%, +59%, and +58% during the Jun, Sep, Dec '14, and Mar '15 quarterly comparisons, respectively. That is a reassuring sign of great demand for new products or services (N criteria). Meanwhile, earnings increases were +54%, +75%, +88%, and +85% during that same period. Quarterly comparisons have shown earnings well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong.
There are 187.3 million shares (S criteria) in the public float. Its Up/Down Volume ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds rose from 714 in Jun '14 to 1029 in Mar '15, a reassuring sign concerning the I criteria. The Electronics - Semiconductor Manufacturing group has a Group Relative Strength Rating of 89, a reassuring sign concerning the L criteria.
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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
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$40.13
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+0.15
0.38% |
$40.34
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24,512
79.07% of 50 DAV
50 DAV is 31,000
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$41.41
-3.09%
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4/27/2015
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$40.94
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PP = $40.54
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MB = $42.57
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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 |
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News |
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C
A N
S L
I M |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$68.76
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+1.06
1.57% |
$70.00
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456,318
104.66% of 50 DAV
50 DAV is 436,000
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$70.49
-2.45%
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5/18/2015
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$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 5/18/2015 12:18:08 PM
Y - Color code is changed to yellow with new pivot point based in its 4/13/15 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or ad-on) technical buy signal. Found support last week while consolidating above its 50 DMA line and above prior lows defining near-term support. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 5/15/2015 |
View all notes |
Set NEW NOTE alert |
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C
A N
S L
I M |
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$153.46
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-0.91
-0.59% |
$155.56
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410,975
76.42% of 50 DAV
50 DAV is 537,800
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$165.67
-7.37%
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5/1/2015
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$155.23
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PP = $160.50
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MB = $168.53
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Most Recent Note - 5/18/2015 6:32:13 PM
G - Still sputtering near its 50 DMA line, and its Relative Strength rating has slumped below the 80+ minimum guideline. 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell While Consolidating Near 50-Day Average - 5/18/2015 |
View all notes |
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C
A N
S L
I M |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$227.65
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+2.22
0.98% |
$227.86
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1,267,599
58.96% of 50 DAV
50 DAV is 2,150,000
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$228.49
-0.37%
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1/5/2015
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$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 5/19/2015 3:49:33 PM
G - Wedging higher with today's 4th consecutive small gain lacking great volume conviction. 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 |
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C
A N
S L
I M |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$102.79
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-0.32
-0.31% |
$105.69
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2,833,074
90.40% of 50 DAV
50 DAV is 3,134,000
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$108.50
-5.26%
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4/15/2015
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$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 5/18/2015 6:34:53 PM
Y - Still quietly consolidating just above its 50 DMA line. 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 |
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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
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$103.99
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+0.96
0.93% |
$105.99
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5,675,157
118.90% of 50 DAV
50 DAV is 4,773,000
|
$103.75
0.23%
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5/1/2015
|
$97.51
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PP = $102.87
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MB = $108.01
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Most Recent Note - 5/19/2015 6:11:04 PM
Y - Hit new 52-week highs with 2 consecutive gains lacking great volume conviction. Recently found support near its 50 DMA line while building on a riskier "late-stage" base pattern. Gains backed by at least +40% above average volume while rallying above the pivot point may trigger a technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
View all notes |
Set NEW NOTE alert |
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C
A N
S L
I M |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$83.58
|
+2.15
2.64% |
$84.48
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1,734,487
134.87% of 50 DAV
50 DAV is 1,286,000
|
$81.69
2.31%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
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Most Recent Note - 5/19/2015 3:46:22 PM
G - Hitting another new all-time high today and its color code is changed to green after rallying above its "max buy" level, getting extended from its prior base. Prior highs in the $77 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average - 5/12/2015 |
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C
A N
S L
I M |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$77.30
|
-0.64
-0.82% |
$78.00
|
1,138,233
78.28% of 50 DAV
50 DAV is 1,454,000
|
$78.44
-1.45%
|
4/20/2015
|
$73.53
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PP = $73.63
|
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MB = $77.31
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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 |
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C
A N
S L
I M |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$55.54
|
-0.73
-1.30% |
$57.18
|
247,724
102.79% of 50 DAV
50 DAV is 241,000
|
$56.56
-1.80%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 5/18/2015 6:33:56 PM
G - Hit a new 52-week high with today's gain in light volume. 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 |
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C
A N
S L
I M |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$170.29
|
-1.19
-0.69% |
$171.89
|
296,532
100.86% of 50 DAV
50 DAV is 294,000
|
$174.83
-2.60%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
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MB = $162.39
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Most Recent Note - 5/19/2015 3:54:47 PM
G - Color code is changed to green while consolidating well above its 50 DMA line. It has not formed a sound new base yet it is perched within close striking distance of a best-ever close. 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 |
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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
|
$158.33
|
+0.60
0.38% |
$159.98
|
1,036,175
85.35% of 50 DAV
50 DAV is 1,214,000
|
$158.24
0.06%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
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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 |
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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,
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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