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AFTER MARKET UPDATE - TUESDAY, JUNE 9TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-2.51 |
17,764.04 |
-0.01% |
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Volume |
702,529,000 |
+3% |
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Volume |
1,619,025,520 |
+3% |
|
NASDAQ |
-7.76 |
5,013.87 |
-0.15% |
|
Advancers |
1,086 |
34% |
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Advancers |
1,111 |
38% |
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S&P 500 |
+0.87 |
2,080.15 |
+0.04% |
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Decliners |
1,977 |
62% |
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Decliners |
1,722 |
58% |
|
Russell 2000 |
-4.04 |
1,249.66 |
-0.32% |
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52 Wk Highs |
51 |
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|
52 Wk Highs |
92 |
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S&P 600 |
-1.65 |
716.81 |
-0.23% |
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52 Wk Lows |
158 |
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52 Wk Lows |
52 |
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Leadership Improved Modestly While Major Averages Finished Flat
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were little changed on Tuesday. The Dow lost 2 points to close at 17764. The S&P 500 was up less than a point to finish at 2080. The NASDAQ moved 7 points lower to 5013. Volume totals were slightly higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and by an 8-5 margin on the Nasdaq exchange. There were 36 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 49 stocks. New 52-week lows outnumbered new 52-week highs on the NYSE, meanwhile, new 52-week highs still outnumbered new lows on the Nasdaq exchange. There were gains for 4 of the 15 high-ranked companies currently on the Featured Stocks Page.
The increase in healthy leadership (more stocks hitting new 52-week highs) on last Wednesday's session 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 benchmark S&P 500 Index recently slumped below its 50-day moving averae (DMA) line, and a rebound above that short-term average would help its outlook improve. However, its MACD indicator has been increasingly bearish.
The major averages experienced choppy trading as investors weighed encouraging domestic news against bearish headlines abroad. U.S. inventories grew at a faster-than-expected pace in April, while a separate release showed that job openings have reached a 15-year high.
Five of the 10 S&P Sectors moved higher as consumer staples were the best performer. Proctor and Gamble (PG +1.53%) rose to lead the group. Telecom was the worst-performing sector with Frontier Communications (FTR -1.39%) pacing the losses. The industrial sector was flat despite the continued slide in airline stocks including Southwest Airlines (LUV -4.21%).
Shares of General Electric (GE +0.33%) edged higher after the company announced the sale of their U.S. equity lending business for $12 billion. Deutsche Bank (DB -2.86%) fell following reports of a police raid at their Frankfurt offices. In earnings, Lululemon (LULU +10.9%) surged on better-than-expected quarterly results.
Weakness continued in the bond markets. The benchmark U.S. 10-year Treasury note moved 13/32 lower to yield 2.43%.
WTI crude rebounded from yesterday’s losses, closing 3.1% higher to $59.95/barrel. COMEX gold gained 0.2% to $1175.70/ounce. The dollar index finished off 0.1%.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank Index Rose While Biotech and Broker/Dealer Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.87%) rose while the Broker/Dealer Index ($XBD -0.40%) finished lower on Tuesday. The Retail Index ($RLX +0.04%) hugged the flat line. The Biotechnology Index ($BTK -1.06%) created a drag on the tech sector while the Semiconductor Index ($SOX-0.11%) and the Networking Index ($NWX +0.15%) were little changed. The Oil Services Index ($OSX -0.028%) and the Integrated Oil Index ($XOI -0.09%) both finished flat, and the Gold & Silver Index ($XAU -0.83%) fell.
PICTURED: The Biotechnology Index ($BTK -1.06%) is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
209.12 |
-0.04 |
-0.02% |
-0.83% |
| Integrated Oil |
$XOI |
1,317.48 |
-1.18 |
-0.09% |
-2.27% |
| Semiconductor |
$SOX |
711.60 |
-0.77 |
-0.11% |
+3.60% |
| Networking |
$NWX |
389.27 |
+0.57 |
+0.15% |
+8.75% |
| Broker/Dealer |
$XBD |
197.98 |
-0.80 |
-0.40% |
+7.23% |
| Retail |
$RLX |
1,127.62 |
+0.46 |
+0.04% |
+9.19% |
| Gold & Silver |
$XAU |
67.56 |
-0.57 |
-0.84% |
-1.77% |
| Bank |
$BKX |
77.97 |
+0.67 |
+0.87% |
+5.00% |
| Biotech |
$BTK |
4,068.44 |
-43.69 |
-1.06% |
+18.30% |
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Still Finding Support at 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Great Southern Bancorp (GSBC -$0.16 or -0.40% to $39.84) has been finding support above its 50-day moving average (DMA) line ($39.39). Recent lows ($38.00 on 5/06/15) define the next important support below that important short-term average where a violation would trigger a technical sell signal.
GSBC was last shown in this FSU section on 5/14/15 with annotated graphs under the headline, "Found Reassuring Support at 50-Day Moving Average Line". It produced a gain above the pivot point with at least +40% above average volume and triggered a technical buy signal in late April, 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 1.5 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. Prior reports cautioned members - "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
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$39.84
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-0.16
-0.40% |
$40.25
|
25,034
78.23% of 50 DAV
50 DAV is 32,000
|
$41.41
-3.79%
|
4/27/2015
|
$40.94
|
PP = $40.54
|
|
MB = $42.57
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Most Recent Note - 6/9/2015 5:40:29 PM
Y - Still finding support above its 50 DMA line ($39.39). Recent lows ($38.00 on 5/06/15) define the next important support where a violation would trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Still Finding Support at 50-Day Moving Average - 6/9/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$69.95
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-0.27
-0.38% |
$70.76
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252,578
53.63% of 50 DAV
50 DAV is 471,000
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$73.38
-4.67%
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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 - 6/5/2015 5:47:03 PM
Y - Volume totals have been cooling while holding its ground following 5/28/15 gains that triggered a technical buy signal. Important support is defined by its 50 DMA line ($66.93) where more damaging losses would raise greater concerns and trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating After Breakout - 6/5/2015 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$215.59
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+4.93
2.34% |
$215.74
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2,310,506
189.08% of 50 DAV
50 DAV is 1,222,000
|
$213.33
1.06%
|
6/8/2015
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$209.97
|
PP = $213.43
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MB = $224.10
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Most Recent Note - 6/9/2015 12:38:07 PM
Y - Hitting new highs with today's gain above its pivot point and no resistance remains due to overhead supply. Highlighted in yellow with new pivot point in the 6/08/15 mid-day report (read here). Gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Disciplined investors use a tactic called pyramiding which the fact-based system suggests to help investors to allow the market action to dictate their purchase decisions. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All-Time Highs - 6/8/2015 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$231.73
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-1.12
-0.48% |
$234.09
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1,879,384
112.47% of 50 DAV
50 DAV is 1,671,000
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$246.01
-5.80%
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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 - 6/9/2015 5:44:58 PM
G - Pulled back today on higher volume indicative of mild distributional pressure. Consolidating well above its 50 DMA line, and it has not formed 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
|
$140.21
|
+1.58
1.14% |
$140.73
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4,375,470
139.48% of 50 DAV
50 DAV is 3,137,000
|
$150.50
-6.84%
|
5/28/2015
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$141.06
|
PP = $136.38
|
|
MB = $143.20
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Most Recent Note - 6/8/2015 1:22:17 PM
Y - Color code is changed to yellow while consolidating below its "max buy" level and above prior highs in the $136 area defining initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Strong Sales and Earnings Acceleration For Tech Leader - 5/28/2015 |
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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 |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$103.81
|
-0.02
-0.02% |
$104.19
|
2,970,226
101.62% of 50 DAV
50 DAV is 2,923,000
|
$114.00
-8.94%
|
4/15/2015
|
$100.75
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PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 6/8/2015 1:27:57 PM
Y - It has slumped back below its old highs in the $108 area raising some concerns. 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 : Quietly Perched at All-Time High Following Volume-Driven Gains - 6/1/2015 |
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C
A
S
I |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$102.24
|
-0.08
-0.08% |
$102.74
|
6,173,481
173.41% of 50 DAV
50 DAV is 3,560,000
|
$111.60
-8.39%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 6/9/2015 12:56:35 PM
Y - Undercut prior highs in the $102 area raising some concerns. Rebounded from earlier lows after briefly undercutting its 50 DMA line ($99.36). The session low and its 50 DMA line define important near-term support where damaging violations may trigger technical sell signals.
>>> 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
|
$114.04
|
+5.29
4.86% |
$114.72
|
8,333,904
496.36% of 50 DAV
50 DAV is 1,679,000
|
$111.88
1.93%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/9/2015 12:09:13 PM
G - Hit yet another new all-time high with today's 5th consecutive gain while adding to an impressive spurt of volume-driven gains. Members were repeatedly cautioned - "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
|
$72.88
|
-0.28
-0.38% |
$73.30
|
643,023
110.49% of 50 DAV
50 DAV is 582,000
|
$75.46
-3.42%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/8/2015 1:24:43 PM
Y - Found support at its 50 DMA line and it is 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.
>>> 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
|
$72.90
|
-1.99
-2.66% |
$73.87
|
2,609,646
184.30% of 50 DAV
50 DAV is 1,416,000
|
$78.44
-7.06%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
|
MB = $77.31
|
Most Recent Note - 6/9/2015 12:07:17 PM
G - Gapped down today violating its 50 DMA line with a damaging loss and triggering a technical sell signal. Prior reports repeatedly cautioned members - "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 |
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 |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$54.06
|
-0.20
-0.37% |
$54.74
|
147,277
62.67% of 50 DAV
50 DAV is 235,000
|
$57.18
-5.46%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/8/2015 1:20:15 PM
G - Recently wedged higher with gains lacking great volume conviction. Perched near its 52-week high, but it has not formed a sound new base. Its 50 DMA line ($52.28) 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
|
$167.73
|
-0.85
-0.50% |
$169.73
|
264,908
77.46% of 50 DAV
50 DAV is 342,000
|
$174.83
-4.06%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 6/9/2015 5:43:03 PM
Y - Loss today on light volume led to a close just below its 50 DMA line ($168.19) raising some concerns. olor code was recently changed to yellow with a new pivot point cited based on its 4/28/15 high plus 10 cents. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Forming New Base and No Resistance Remains - 6/4/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$153.77
|
+0.08
0.05% |
$154.49
|
538,039
72.51% of 50 DAV
50 DAV is 742,000
|
$159.85
-3.80%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/8/2015 5:51:55 PM
Y - Consolidating just -3.5% off its 52-week high, holding its ground stubbornly near its 50 DMA line following a "negative reversal" on 5/29/15. A volume-driven gain and close above its pivot point may trigger a proper technical buy signal.
>>> 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
|
$56.18
|
-0.45
-0.79% |
$56.75
|
115,670
62.86% of 50 DAV
50 DAV is 184,000
|
$58.46
-3.90%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/5/2015 5:43:51 PM
Y - Hit a new 52-week high with today's 8th consecutive gain on ever-increasing and above average volume. However, it finished the session below its pivot point, a sign that it was encountering some distributional pressure. More convincing gains above the pivot point are needed to trigger a proper technical buy signal.
>>> 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
|
$171.98
|
-0.84
-0.49% |
$173.33
|
1,285,483
95.01% of 50 DAV
50 DAV is 1,353,000
|
$176.50
-2.56%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/5/2015 12:48:13 PM
G - Hitting yet another new high today, getting very extended from any sound base. Prior highs in the $158 area define initial support above its 50 DMA line ($153.11) where subsequent violations would raise concerns and trigger technical sell signals. See the latest FSU analysis for more details and annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly at All-Time Highs Following +123% Rally - 6/3/2015 |
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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 |
|
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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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