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AFTER MARKET UPDATE - FRIDAY, MAY 22ND, 2015
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DOW |
-53.72 |
18,232.02 |
-0.29% |
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Volume |
604,351,460 |
-13% |
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Volume |
1,446,216,180 |
-7% |
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NASDAQ |
-1.43 |
5,089.36 |
-0.03% |
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Advancers |
1,096 |
35% |
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Advancers |
1,206 |
42% |
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S&P 500 |
-4.76 |
2,126.06 |
-0.22% |
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Decliners |
1,926 |
61% |
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Decliners |
1,600 |
55% |
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Russell 2000 |
-4.51 |
1,252.22 |
-0.36% |
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52 Wk Highs |
78 |
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52 Wk Highs |
77 |
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S&P 600 |
-3.63 |
718.16 |
-0.50% |
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52 Wk Lows |
44 |
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52 Wk Lows |
45 |
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Major Averages Ended Slightly Lower on Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow declined -0.2%, the S&P 500 climbed +0.2%, and the NASDAQ was up +0.8%. Stocks finished down on slightly on Friday. The volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, cooling ahead of the long Memorial Day weekend. Breadth was negative as decliners led advancers by almost a 2-1 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 38 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 35 stocks. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. There were gains for 7 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, on Thursday, 5/14/15 bullish 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 is perched near its best-ever close. During its recent consolidation it found support near its 50-day moving average.
The major averages moved lower on Friday as investors gauged economic data and Fed remarks. A report showed that cost of living expenses accelerated in April by the highest level in three years. In a speech on the economy, Fed Chairman Janet Yellen said that she expects interest rates to rise later in the year, but that the pace would likely be gradual.
Nine of the ten sectors of the S&P 500 finished lower on the day. Telecom was the worst performer. AT&T (T -1.03%) and Verizon (VZ -0.58%) both edged lower. Tech was the lone sector to finish positive. Salesforce (CRM +2.88%) rose on rumors the company turned down a $55 billion dollar takeover offer from Microsoft (MSFT -1.10%). In earnings, Deere & Co (DE +4.35) after raising forecasts while Campbell Soup (CPB +2.09%) rose on strong profit numbers.
Treasuries moved lower after this morning’s CPI release. The benchmark U.S. 10-year note finished down 5/32 to yield 2.21%.
In commodities, NYMEX WTI crude prices fell 1.3% to $59.94/barrel. COMEX Gold moved up 0.1% to $1205.00/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech Sector Edged Higher; Retail and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.27%) edged lower on Friday and created a drag on the major averages. Financials were little changed as the Bank Index ($BKX -0.15%) and the Broker/Dealer Index ($XBD +0.09%) finished virtually flat. The tech sector had a slightly positive bias as there were modest gains from the Networking Index ($NWX +0.21%), Biotechnology Index ($BTK +0.32%), and the Semiconductor Index ($SOX +0.24%). Energy-related shares fell as the Oil Services Index ($OSX -0.42%) and the Integrated Oil Index ($XOI -0.34%) both edged lower, and the Gold & Silver Index ($XAU -0.84%) also lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +0.32%) rebounded above its 50-day moving average (DMA) line toward prior highs.
| Oil Services |
$OSX |
218.59 |
-0.92 |
-0.42% |
+3.66% |
| Integrated Oil |
$XOI |
1,370.55 |
-4.63 |
-0.34% |
+1.66% |
| Semiconductor |
$SOX |
720.20 |
+1.76 |
+0.24% |
+4.85% |
| Networking |
$NWX |
389.80 |
+0.80 |
+0.21% |
+8.90% |
| Broker/Dealer |
$XBD |
193.92 |
+0.18 |
+0.09% |
+5.03% |
| Retail |
$RLX |
1,142.36 |
-3.07 |
-0.27% |
+10.62% |
| Gold & Silver |
$XAU |
71.25 |
-0.60 |
-0.84% |
+3.59% |
| Bank |
$BKX |
76.14 |
-0.11 |
-0.14% |
+2.53% |
| Biotech |
$BTK |
4,161.23 |
+13.47 |
+0.32% |
+21.00% |
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Very Extended Following 7 Consecutive Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Valeant Pharmaceuticals International, Inc. (VRX +$4.26 or +1.83% to $237.53) wedged higher with today's 7th consecutive gain with ever-increasing volume but not truly great volume conviction. It was last shown in this FSU section on 4/14/15 with annotated daily and weekly graphs under the headline, "Perched at All-Time High Following Volume-Driven Gains", after 4 consecutive volume-driven gains into new high territory. It found prompt support its 50-day moving average (DMA) line recently but it did not form a sound base.
There is good leadership (L criteria) in the Medical - Ethical Drugs group. VRX 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). Prior quarterly comparisons were routinely above that minimum threshold.
It completed an new Public Offerings 3/17/15 and on 6/18/13. The upshot of such offerings is that the end result is typically an increase in the total number of institutional owners. The number of top-rated funds owning its shares rose from 1,056 in Mar '14 to 1,255 in Mar '15, a reassuring trend concerning the I criteria. A downturn in FY '07 and '08 earnings (A criteria) was followed by a strong earnings rebound in recent years.
VRX gapped up on 2/23/15 for a considerable volume-driven gain on news it will acquire Salix Pharmaceuticals (SLXP). It was highlighted at $144.84 in yellow in the 1/05/15 mid-day report (read here) with an annotated weekly graph showing a new pivot point cited based on the 12/22/14 high while building a cup-with-handle base. Subsequent gains above the pivot point on 1/08/15 were backed by +71% above average volume triggering a new technical buy signal.
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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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$39.82
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-0.21
-0.52% |
$40.40
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44,404
143.24% of 50 DAV
50 DAV is 31,000
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$41.41
-3.84%
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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 - 5/22/2015 6:10:23 PM
Y - Endured mild distributional pressure today while consolidating above its 50 DMA line. Recent lows ($38.00 on 5/06/15) define the next important support where a violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Reassuring Support at 50-Day Moving Average Line - 5/14/2015 |
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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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$66.52
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-1.39
-2.05% |
$67.68
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402,985
92.22% of 50 DAV
50 DAV is 437,000
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$70.49
-5.63%
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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 - 5/22/2015 6:09:26 PM
Y - Quietly consolidating within striking distance of its 52-week high. Subsequent volume-driven gains above the pivot point may trigger a new (or ad-on) technical buy signal. Important support is defined by its 50 DMA line ($65.24) where more damaging losses would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 5/15/2015 |
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C
A N
S L
I M |
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$154.25
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-0.56
-0.36% |
$154.69
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918,379
171.85% of 50 DAV
50 DAV is 534,400
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$165.67
-6.89%
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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 - 5/22/2015 12:23:04 PM
G - Down and trading above average volume today while sputtering below its 50 DMA line. Relative Strength rating has slumped below the 80+ minimum guideline for buy candidates. 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.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell While Consolidating Near 50-Day Average - 5/18/2015 |
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C
A N
S L
I M |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$237.53
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+4.26
1.83% |
$238.49
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1,945,297
104.92% of 50 DAV
50 DAV is 1,854,000
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$235.00
1.08%
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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 - 5/22/2015 6:06:04 PM
G - Wedged higher with today's 7th consecutive 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). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Very Extended Following 7 Consecutive Gains - 5/22/2015 |
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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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$107.18
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+0.39
0.36% |
$108.00
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2,804,072
89.07% of 50 DAV
50 DAV is 3,148,000
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$108.50
-1.22%
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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 - 5/22/2015 6:13:31 PM
Y - No overhead supply remains to act as resistance after today's gain on light volume for its second-best close ever. Its 50 DMA line and 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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$104.69
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+0.80
0.77% |
$106.83
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2,965,260
74.04% of 50 DAV
50 DAV is 4,005,000
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$105.99
-1.23%
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5/1/2015
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$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 |
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C
A N
S L
I M |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$83.68
|
+0.39
0.47% |
$85.68
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1,295,742
101.23% of 50 DAV
50 DAV is 1,280,000
|
$86.75
-3.54%
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5/1/2015
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$75.99
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PP = $77.49
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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
|
$77.66
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+0.02
0.03% |
$77.87
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979,487
69.62% of 50 DAV
50 DAV is 1,407,000
|
$78.44
-0.99%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
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MB = $77.31
|
Most Recent Note - 5/20/2015 7:10:03 PM
G - Quietly consolidating near its 52-week high with volume-totals cooling. 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 Raised Recent Concerns - 5/21/2015 |
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C
A N
S L
I M |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$53.85
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-0.72
-1.32% |
$54.78
|
132,570
53.89% of 50 DAV
50 DAV is 246,000
|
$57.18
-5.82%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
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MB = $50.54
|
Most Recent Note - 5/20/2015 7:07:53 PM
G - Pulled back for a 2nd consecutive loss on average volume after wedging higher for new 52-week highs without forming a sound base. Its 50 DMA line and prior highs define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedged to New Highs Without Forming a Proper New Base - 5/20/2015 |
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C
A N
S L
I M |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$171.79
|
+1.22
0.72% |
$171.91
|
237,595
80.00% of 50 DAV
50 DAV is 297,000
|
$174.83
-1.74%
|
2/3/2015
|
$156.95
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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
|
$162.87
|
+2.73
1.70% |
$163.21
|
1,315,268
113.19% of 50 DAV
50 DAV is 1,162,000
|
$160.58
1.43%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
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Most Recent Note - 5/20/2015 7:14:42 PM
G - Color code is changed to green after its 5th consecutive small gain with below average volume, wedging above its "max buy" level. 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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