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AFTER MARKET UPDATE - WEDNESDAY, JUNE 3RD, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+64.33 |
18,076.27 |
+0.36% |
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Volume |
668,437,610 |
-6% |
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Volume |
1,691,981,540 |
+7% |
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NASDAQ |
+22.71 |
5,099.23 |
+0.45% |
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Advancers |
1,567 |
49% |
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Advancers |
1,969 |
67% |
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S&P 500 |
+4.47 |
2,114.07 |
+0.21% |
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Decliners |
1,503 |
47% |
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Decliners |
876 |
30% |
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Russell 2000 |
+12.78 |
1,264.58 |
+1.02% |
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52 Wk Highs |
104 |
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|
52 Wk Highs |
154 |
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S&P 600 |
+7.45 |
724.65 |
+1.04% |
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52 Wk Lows |
60 |
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52 Wk Lows |
30 |
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Market Rallied with Greater Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rose on Wednesday’s session. The Dow was up 64 points to 18076. The S&P 500 added 4 points to 2114. The NASDAQ Composite gained 23 points to 5099. Volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than 2-1 on the Nasdaq exchange while the mix was even on the NYSE. There were 69 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, more than doubling the prior session total of 28 stocks. The new 52-week highs totals expanded and solidly outnumbered new 52-week lows on the Nasdaq and on the NYSE. There were gains for 8 of the 14 high-ranked companies currently on the Featured Stocks Page.
The increase in healthy leadership (more stocks hitting new 52-week highs) provided fresh and reassuring proof that investors have a favorable market environment (M criteria). The fact-based investment system encourages only buying stocks meeting all of the key fundamental and technical criteria.
 PICTURED: The Dow Jones Industrial Average found support at its 50-day moving average (DMA) line and upward trendline. Any damaging violations would raise concerns with regard to the market outlook.
The major averages advanced amid encouraging readings on the U.S. economy and hopes of a deal between Greece and its creditors. On the data front, ADP provided possible foreshadowing for Friday’s employment data saying private payrolls grew 201,000 in May. The Labor Department is expected to report nonfarm payrolls increased 226,000 last month at the end of the week. Additional releases revealed the U.S. trade deficit dropped to $40.9 billion in April while a survey by the ISM showed activity in the service sector slowed slightly last month. The Fed’s Beige Book report showed the economy expanded at a moderate to modest pace.
Financials and telecom were up the most on the session. J.P. Morgan (JPM +1.03%) and AT&T (T +2%) rose. Transports advanced with C.H. Robinson (CHRW +4.83%) and FedEx (FDX +2.39%) climbing. Consolidated Edison (ED -2.16%) and Diamond Offshore (DO -3.41%) fell while utilities and energy were the worst-performing sectors.
Treasuries extended losses to a third day. The benchmark 10-year note fell 29/32 to yield 2.37%. In commodities, NYMEX crude dropped 2.6% to $59.66/barrel after inventories unexpectedly rose in the most recent week. COMEX gold shed 0.8% to $1185.10/ounce.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, and Networking Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.87%), Broker/Dealer Index ($XBD +1.28%), and the Bank Index ($BKX +1.32%) had a positive influence on the major averages. The Networking Index ($NWX +0.97%) led the tech sector while the Biotechnology Index ($BTK+0.29%) posted a smaller gain and the Semiconductor Index ($SOX -0.62%) lost ground. Commodity-linked groups had a negative bias as the Oil Services Index ($OSX -0.76%), Integrated Oil Index ($XOI -0.63%), and the Gold & Silver Index ($XAU -1.81%) ended unanimously lower. Charts courtesy www.stockcharts.com 
PICTURED: The Integrated Oil Index ($XOI -0.63%) has been sputtering below its 50-day and 200-day moving average (DMA) lines. This argues that very few energy-related stocks have been doing well in recent weeks. The fact-based investment system requires investors to focus on only buying stocks from leading industry groups (L criteria), and never to speculate on stocks in industry groups which are currently out of favor in the marketplace.
| Oil Services |
$OSX |
210.89 |
-1.62 |
-0.76% |
+0.01% |
| Integrated Oil |
$XOI |
1,335.22 |
-8.52 |
-0.63% |
-0.96% |
| Semiconductor |
$SOX |
732.70 |
-4.58 |
-0.62% |
+6.67% |
| Networking |
$NWX |
395.21 |
+3.78 |
+0.97% |
+10.41% |
| Broker/Dealer |
$XBD |
197.86 |
+2.50 |
+1.28% |
+7.16% |
| Retail |
$RLX |
1,150.23 |
+9.96 |
+0.87% |
+11.38% |
| Gold & Silver |
$XAU |
69.25 |
-1.28 |
-1.81% |
+0.68% |
| Bank |
$BKX |
76.90 |
+1.00 |
+1.32% |
+3.56% |
| Biotech |
$BTK |
4,146.50 |
+11.98 |
+0.29% |
+20.57% |
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Holding Ground Stubbornly at All-Time Highs Following +123% Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW +$0.69 or +0.41% to $ 169.19) is extended from its latest base. Disciplined investors avoid chasing stocks more than +5% above their pivot point or prior highs. Prior highs in the $158 area define initial support above the 50-day moving average (DMA) line, where subsequent violations would raise concerns and may trigger a technical sell signal.
The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 5/11/15 under the headline, "Found Support at 50-Day Moving Average During Ongoing Ascent". That important short-term average has acted as support throughout its ongoing advance. The weekly graph, as seen on the daily graph below. The weekly graphs which follows illustrates its +123% rise since first highlighted in yellow back on May 29, 2014 when breakout out of a "double bottom" base pattern. It reported earnings +109% on +55% sales revenues for the Apr '15 quarter, its 4th consecutive comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. Sequentially, it has shown encouraging acceleration with earnings increases of +57%, +88%, +90%, and +109% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarters, respectively, versus the year ago periods. It has an Earnings Per Share (EPS) Rating of 99, the highest possible rating. It has a strong annual earnings (A criteria) history. The number of top-rated funds owning its shares rose from 246 in Jun '13 to 721 in Mar '15, a very reassuring sign concerning the I criteria. Its small supply (S criteria) of 69.4 million shares in the public float is another favorable characteristic.
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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
|
$40.07
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+0.33
0.83% |
$40.37
|
8,553
26.73% of 50 DAV
50 DAV is 32,000
|
$41.41
-3.24%
|
4/27/2015
|
$40.94
|
PP = $40.54
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|
MB = $42.57
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Most Recent Note - 6/2/2015 6:13:52 PM
Y - Still quietly finding support above its 50 DMA line ($39.25). 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
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$71.75
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+0.26
0.36% |
$72.22
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107,026
22.72% of 50 DAV
50 DAV is 471,000
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$73.38
-2.22%
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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 - 6/1/2015 12:48:47 PM
Y - Touched another new 52-week high today yet it remains below its "max buy level. Gains last week above its pivot point triggered a new (or add-on) technical buy signal. Important support is defined by its 50 DMA line ($66.15) 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
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$237.03
|
-0.97
-0.41% |
$238.75
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359,832
20.99% of 50 DAV
50 DAV is 1,714,000
|
$246.01
-3.65%
|
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 - 6/2/2015 6:19:52 PM
G - Volume totals have been cooling while hovering near all-time highs, extended from prior highs. 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 : Very Extended Following 7 Consecutive Gains - 5/22/2015 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$144.50
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+0.34
0.24% |
$146.00
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1,206,685
38.66% of 50 DAV
50 DAV is 3,121,000
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$150.50
-3.99%
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5/28/2015
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$141.06
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PP = $136.38
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MB = $143.20
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Most Recent Note - 6/1/2015 12:26:28 PM
G - Reversed into the red after hitting yet another new high today. Prior highs in the $136 area define initial support to watch on pullbacks. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Strong Sales and Earnings Acceleration For Tech Leader - 5/28/2015 |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$110.33
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-0.30
-0.27% |
$111.97
|
951,988
30.43% of 50 DAV
50 DAV is 3,128,000
|
$114.00
-3.22%
|
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 - 6/1/2015 5:18:39 PM
Y - Reversed into the red today for a loss on lighter volume after 3 consecutive volume-driven gains. No overhead supply remains to act as resistance. 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Quietly Perched at All-Time High Following Volume-Driven Gains - 6/1/2015 |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$106.85
|
-1.27
-1.17% |
$108.90
|
1,227,289
31.44% of 50 DAV
50 DAV is 3,903,000
|
$111.60
-4.26%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 6/2/2015 6:18:41 PM
G - Pulled back from its 52-week high with a loss today on light volume. Gains lacked volume after it found support near its 50 DMA line and wedged higher from a riskier "late-stage" base pattern. Prior highs in the $102 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$96.67
|
+4.46
4.84% |
$99.08
|
4,692,396
331.15% of 50 DAV
50 DAV is 1,417,000
|
$95.67
1.05%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/2/2015 12:01:53 PM
G - Pulling back today from new all-time highs following an impressive spurt of volume-driven gains. Disciplined investors avoid chasing extended stocks. Prior highs in the $77 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Spurt of Volume-Driven Gains - 6/2/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$72.58
|
-0.07
-0.10% |
$73.00
|
117,912
20.40% of 50 DAV
50 DAV is 578,000
|
$75.46
-3.82%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/2/2015 6:22:57 PM
Y - Still perched within close striking distance of the new pivot point cited based on its 4/13/15 high. A strong gain above the pivot point with at least +40% above average volume is needed to trigger a proper technical buy signal. The 50 DMA line ($71.04) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Finished Below Pivot Point Despite Big Volume-Driven Gain and New 52-Week High - 5/27/2015 |
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C
A
S
I |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$76.25
|
+0.79
1.05% |
$76.41
|
372,709
26.45% of 50 DAV
50 DAV is 1,409,000
|
$78.44
-2.79%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
|
MB = $77.31
|
Most Recent Note - 6/1/2015 12:15:57 PM
G - Encountering more distributional pressure today and slumping toward its 50 DMA line ($74.32) where a damaging violation would trigger a technical sell signal. Prior reports cautioned - "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. 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."
>>> 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
|
$55.84
|
+0.48
0.87% |
$56.34
|
51,969
21.47% of 50 DAV
50 DAV is 242,000
|
$57.18
-2.34%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/1/2015 3:52:12 PM
G - Posting a considerable gain without great volume conviction today. Recently wedged higher for new 52-week highs without forming a sound new base. Its 50 DMA line ($51.13) 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 |
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 |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$172.22
|
-0.18
-0.10% |
$173.40
|
131,274
38.38% of 50 DAV
50 DAV is 342,000
|
$174.83
-1.49%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 6/1/2015 12:54:41 PM
G - Perched at its 52-week high yet making limited headway above prior highs while churning above average volume. It did not form 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 |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$156.17
|
+1.82
1.18% |
$156.98
|
407,601
55.99% of 50 DAV
50 DAV is 728,000
|
$159.85
-2.30%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/2/2015 1:03:26 PM
Y - Perched within close striking distance of its 52-week high, holding its ground stubbornly following a "negative reversal" on 5/29/15, finding support near its 50 DMA line. Highlighted in yellow with pivot point cited based on its 4/24/15 high plus 10 cents in the 5/29/15 mid-day report (read here). A volume-driven gain and close above its pivot point may trigger a proper technical buy signal. Recent lows in the $149 area define near-term support. Reported Apr '15 quarterly earnings +35% on +22% sales revenues, and 3 of the past 4 quarterly comparisons have now been above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Negative Reversal Today After Touching New Highs - 5/29/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$54.88
|
+0.41
0.75% |
$55.37
|
86,784
49.31% of 50 DAV
50 DAV is 176,000
|
$57.30
-4.22%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/2/2015 6:15:38 PM
Y - Posted a 5th consecutive gain today with near average volume. Consolidating above its 50 DMA line. 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.
>>> 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
|
$169.46
|
+0.96
0.57% |
$170.54
|
602,743
45.56% of 50 DAV
50 DAV is 1,323,000
|
$172.00
-1.48%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/1/2015 1:06:20 PM
G - Hit another new high with today's 3rd consecutive gain. It is extended from its prior base and disciplined investors avoid chasing stocks more than +5% above their pivot point or prior highs. Prior highs in the $158 area define initial support above the 50 DMA line, where subsequent violations would raise concerns and 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
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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