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AFTER MARKET UPDATE - TUESDAY, MAY 26TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-190.48 |
18,041.54 |
-1.04% |
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Volume |
792,488,640 |
+31% |
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Volume |
1,599,398,700 |
+11% |
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NASDAQ |
-56.61 |
5,032.75 |
-1.11% |
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Advancers |
663 |
21% |
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Advancers |
688 |
23% |
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S&P 500 |
-21.86 |
2,104.20 |
-1.03% |
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Decliners |
2,440 |
76% |
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Decliners |
2,224 |
74% |
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Russell 2000 |
-13.47 |
1,238.76 |
-1.08% |
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52 Wk Highs |
38 |
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52 Wk Highs |
47 |
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S&P 600 |
-8.44 |
709.72 |
-1.18% |
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52 Wk Lows |
76 |
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52 Wk Lows |
73 |
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Breadth Negative as Indices Endure More Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks declined on Tuesday. The Dow was off 190 points to 18041. The S&P 500 lost 21 points to 2104. The NASDAQ fell 56 points to 5032. The volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange, signaling an increase in selling pressure coming from the institutional crowd. Breadth was negative as decliners led advancers by almost a 4-1 margin on the NYSE and by more than 3-1 on the Nasdaq exchange. Leadership contracted as there were only 14 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 38 stocks. New 52-week lows expanded and outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. There were gains for 4 of the 12 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, stocks are enduring distributional pressure again after making little headway following the bullish action on 5/14/15 which met the definition of a "follow-through day". Investors still have a favorable market environment for buying stocks meeting all of the key fundamental and technical criteria, however, any sustained rally requires healthy leadership (more stocks hitting new 52-week highs).
PICTURED: The Dow Jones Industrial Average fell with higher volume on Tuesday, slumping to its 50-day moving average (DMA) line.
The major averages consolidated as economic data increased expectations of a 2015 interest rate hike. Both durable goods and capital goods posted notable improvements in April. While March home prices were softer than estimated, a similar gauge of April and a measure of April new home sales both topped projections. For May, consumer confidence beat estimates, but regional manufacturing gauges showed mixed results.
All 10 S&P 500 sectors were lower. Energy was down the most in sympathy with crude prices. Exxon Mobil (XOM -1.4%) and Chevron (CVX -1.5%) both fell. Apple (AAPL -2.2%) weighed on tech stocks. In material stocks, Alcoa (AA -1.4%) fell and Freeport McMoRan (FCX -4.3%) slumped. M&A helped limit losses. Time Warner Cable (TWC +7.3%) rose after receiving a $55 billion cash and stock takeover offer from Charter (CHTR +2.5%) which also advanced.
Treasuries climbed as their perceived safety outweighed expectations for higher rates. Amid a $26 billion auction, the two-year note was little changed to yield 0.61%. The benchmark 10-year Treasury advanced 22/32 to yield 2.13%.
Commodities were broadly lower on dollar strength. WTI crude slid 2.6% to $58.19/barrel and COMEX gold retreated 1.4% to $1187.20/ounce. In FOREX, the Dollar Index gained 0.9% with the euro off 0.9% to $1.0875/EUR and the yen 1.3% weaker to ¥123.10/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Weak Commodity-Linked Groups Outpaced Retail, Financial, Tech Declines
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.91%) created a drag on the major averages on Tuesday along with weakness in financials as the Bank Index ($BKX -0.70%) and the Broker/Dealer Index ($XBD -0.78%) both finished lower. The tech sector saw unanimous losses from the Networking Index ($NWX -1.09%), Biotechnology Index ($BTK -0.85%), and the Semiconductor Index ($SOX -0.76%). Commodity-linked groups were the worst performers as energy-related shares fell and the Oil Services Index ($OSX -2.72%) and the Integrated Oil Index ($XOI -1.88%) both sank, and the Gold & Silver Index ($XAU -3.59%) was a standout decliner.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX -0.76%) is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
212.64 |
-5.95 |
-2.72% |
+0.84% |
| Integrated Oil |
$XOI |
1,344.72 |
-25.83 |
-1.88% |
-0.25% |
| Semiconductor |
$SOX |
714.75 |
-5.45 |
-0.76% |
+4.06% |
| Networking |
$NWX |
385.55 |
-4.25 |
-1.09% |
+7.71% |
| Broker/Dealer |
$XBD |
192.40 |
-1.51 |
-0.78% |
+4.21% |
| Retail |
$RLX |
1,131.94 |
-10.42 |
-0.91% |
+9.61% |
| Gold & Silver |
$XAU |
68.69 |
-2.56 |
-3.59% |
-0.13% |
| Bank |
$BKX |
75.60 |
-0.54 |
-0.71% |
+1.80% |
| Biotech |
$BTK |
4,125.95 |
-35.29 |
-0.85% |
+19.97% |
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Gains For News Highs Still Needed to Trigger Technical Buy Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Luxoft Holding Inc Cl A (LXFT -$0.94 or -1.78% to $51.91) finished lower after highlighted in yellow with new pivot point cited based on its 4/23/15 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors know that subsequent volume-driven gains above the pivot point for new highs (N criteria) are needed to trigger a proper technical buy signal. It has made gradual progress following the previously noted "breakaway gap" on 2/12/15.
Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods. Its strong quarterly and annual earnings history (C and A criteria) matches the guidelines of the fact-based investment system.
The number of top-rated funds owning its shares rose from 185 in Jun '14 to 254 in Mar '15, a reassuring sign concerning the I criteria. Its small supply of only 30.2 million shares (S criteria) in the public float can contribute to greater price 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 |
GSBC
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NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$39.23
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-0.59
-1.48% |
$39.66
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35,792
115.46% of 50 DAV
50 DAV is 31,000
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$41.41
-5.26%
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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 |
View all notes |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$67.48
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+0.96
1.44% |
$67.78
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319,953
73.05% of 50 DAV
50 DAV is 438,000
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$70.49
-4.27%
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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 |
View all notes |
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C
A
S
I |
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
|
$152.86
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-1.39
-0.90% |
$154.46
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709,882
130.61% of 50 DAV
50 DAV is 543,500
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$165.67
-7.73%
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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 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$235.31
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-2.22
-0.93% |
$239.03
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2,041,577
112.42% of 50 DAV
50 DAV is 1,816,000
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$238.49
-1.33%
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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 |
View all notes |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$106.99
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-0.19
-0.17% |
$107.97
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2,982,094
94.46% of 50 DAV
50 DAV is 3,157,000
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$108.50
-1.39%
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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 |
View all notes |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
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$103.72
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-0.97
-0.93% |
$104.77
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2,199,029
55.18% of 50 DAV
50 DAV is 3,985,000
|
$106.83
-2.91%
|
5/1/2015
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$97.51
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PP = $102.87
|
|
MB = $108.01
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Most Recent Note - 5/26/2015 5:38:07 PM
Y - Volume-totals have been cooling while holding its ground stubbornly near its 52-week high. Recent gains lacked volume after it 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.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
View all notes |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$87.20
|
+3.52
4.21% |
$87.25
|
1,717,130
135.31% of 50 DAV
50 DAV is 1,269,000
|
$86.75
0.52%
|
5/1/2015
|
$75.99
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PP = $77.49
|
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MB = $81.36
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Most Recent Note - 5/26/2015 5:33:55 PM
G - Hit another new all-time high with a volume-driven gain today and finished near the session high, 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
S
I |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$76.93
|
-0.74
-0.95% |
$77.60
|
877,827
62.79% of 50 DAV
50 DAV is 1,398,000
|
$78.44
-1.93%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
|
MB = $77.31
|
Most Recent Note - 5/26/2015 5:41:52 PM
G - Still 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
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$53.16
|
-0.69
-1.28% |
$53.67
|
117,751
48.06% of 50 DAV
50 DAV is 245,000
|
$57.18
-7.03%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 5/26/2015 5:43:20 PM
G - Consolidating quietly after wedging higher for new 52-week highs without forming a sound base. Its 50 DMA line ($50.33) and prior highs define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Wedged to New Highs Without Forming a Proper New Base - 5/20/2015 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$172.74
|
+0.95
0.55% |
$173.05
|
522,071
175.78% of 50 DAV
50 DAV is 297,000
|
$174.83
-1.20%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
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MB = $162.39
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Most Recent Note - 5/26/2015 5:35:59 PM
G - Volume-drive gain today for its second-best close ever. Consolidating above its 50 DMA line. It has not formed a sound new base, but little resistance remains due to overhead supply. 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
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 |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$51.91
|
-0.94
-1.78% |
$52.70
|
213,635
118.03% of 50 DAV
50 DAV is 181,000
|
$57.30
-9.41%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
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MB = $60.27
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Most Recent Note - 5/26/2015 5:32:16 PM
Y - Finished lower today after highlighted in yellow with new pivot point cited based on its 4/23/15 high plus 10 cents. Subsequent volume-driven gains above the pivot point are needed to trigger a proper technical buy signal. Reported earnings +28% on +29% sales revenues for the Mar '15 quarter, helping its quarterly and annual earnings history (C and A criteria) better match the guidelines of the fact-based investment system. Made gradual progress following the previously noted "breakaway gap" on 2/12/15. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gains For News Highs Still Needed to Trigger Technical Buy Signal - 5/26/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$163.84
|
+0.97
0.60% |
$165.09
|
1,925,113
164.96% of 50 DAV
50 DAV is 1,167,000
|
$163.21
0.39%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
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Most Recent Note - 5/26/2015 5:40:55 PM
G - Tallied an 8th consecutive gain today on ever-increasing volume, getting extended from its prior base. The 50 DMA line ($149.08) defines important near-term support where a violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 |
View all notes |
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News |
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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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