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AFTER MARKET UPDATE - FRIDAY, JUNE 12TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-140.53 |
17,898.84 |
-0.78% |
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Volume |
645,167,630 |
-16% |
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Volume |
1,324,564,480 |
-11% |
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NASDAQ |
-31.41 |
5,051.10 |
-0.62% |
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Advancers |
1,081 |
34% |
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Advancers |
1,154 |
38% |
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S&P 500 |
-14.75 |
2,094.11 |
-0.70% |
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Decliners |
1,954 |
61% |
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Decliners |
1,722 |
57% |
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Russell 2000 |
-3.90 |
1,265.02 |
-0.31% |
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52 Wk Highs |
47 |
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52 Wk Highs |
73 |
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S&P 600 |
-1.17 |
725.95 |
-0.16% |
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52 Wk Lows |
93 |
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52 Wk Lows |
31 |
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Major Averages Pulled Back With Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow gained 0.3% and the S&P 500 advanced 0.1%. The NASDAQ declined 0.4%. Stocks finished firmly negative on Friday. The Dow fell 140 points to 17898. The S&P 500 slipped 14 points to 2094. The NASDAQ was 31 points down to close at 5051. Volume totals were lighter 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 3-2 on the Nasdaq exchange. There were 29 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, less than half of the prior session total of 65 stocks. New 52-week highs still outnumbered new 52-week lows on the Nasdaq exchange, but new lows outnumbered new highs on the NYSE. There were gains for only 4 of the 16 high-ranked companies currently on the Featured Stocks Page.
The increase in healthy leadership (more stocks hitting new 52-week highs) with higher volume totals on Wednesday 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 S&P 500 Index pulled back on lighter volume to finish the week below its 50-day moving average (DMA) line.
The major averages retreated as an impasse in Greek debt negotiations overshadowed positive domestic data. Consumer confidence increased by more than expected in June, as Americans were the most upbeat about wage prospects since 2000. A separate report showed that wholesale prices rose in May, marking the second advance in three months.
All ten sectors of the S&P 500 declined on Friday. Energy and healthcare were the worst performers on the session. Exxon Mobile (XOM 1.26%) led the energy sector lower. Eli Lilly (LLY -2.75%) headlined the healthcare losses.
In corporate news, Twitter (TWTR +0.17%) pared early gains after CEO Dick Costello announced his resignation. T-Mobile (TMUS +2.31%) rose on news that Dish Networks (DISH -0.23%) is pursuing financing options for a takeover.
Bond markets weakened as the session went on. The benchmark 10-year Treasury note declined 2/32 to yield 2.39%.
Breadth on issues was negative by 7-3 the NYSE and by 4-3 on the NASDAQ. NYSE Composite volume totaled 2.7 billion shares.
WTI crude fell 1.3% to $59.96/barrel after Saudi Arabia announced an increase in production levels. COMEX gold was essentially flat at $1178.40/ounce, while the dollar index finished up less than 0.1%.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Broad Weakness Weighed on All Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.58%), Bank Index ($BKX -0.10%), and the Retail Index ($RLX -0.39%) had a negative influence on the major averages on Friday. The Biotechnology Index ($BTK-1.78%) led the tech retreat, and the Networking Index ($NWX -0.62%) and Semiconductor Index ($SOX -0.89%) finished lower. Commodity-linked groups also endured pressure as the Gold & Silver Index ($XAU -0.86%), Oil Services Index ($OSX -0.73%) and Integrated Oil Index ($XOI -1.18%) eked out a small gain.
PICTURED: The Broker/Dealer Index ($XBD -0.58%) is perched at all-time highs. Financials are reliable leading indicators, so the strength bodes well for the broader market outlook. Historically, the major averages have been most prone to severe downdrafts when financial shares were struggling.
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Extended From Prior Base and Perched at High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Apogee Enterprises (APOG +$0.85 or +1.50% to $57.48) is perched near its 52-week high, but it has not formed a sound new base. It stayed above its 50-day moving average (DMA) line ($53.31) since last shown in this FSU section on 5/20/15 with annotated graphs under the headline, "Wedged to New Highs Without Forming a Proper New Base". The 50 DMA line defines important support to watch on pullbacks.
By comparison, the benchmark S&P 500 Index is virtually unchanged while APOG is up +15.9% since highlighted in yellow with pivot point cited based on its 2/26/15 high plus 10 cents in the 4/09/15 mid-day report (read here). It gapped up hitting new 52-week highs (N criteria), then finished the session well above its pivot point, clinching a technical buy signal with 8 times its average daily volume behind the big gain.
Quarterly earnings rose +80%, 50%, +67%, +42%, and 74% in the Feb, May, Aug, Nov '14 and Feb '15 quarterly comparisons, respectively, consistently well above the +25% minimum guideline (C criteria) in the 5 latest quarterly comparisons. Following a downturn and losses for FY '11 it has been showing better annual earnings (A criteria) growth. The Bldg- Constr Prds/Misc group has shown leadership (L criteria) and has a 92 Group Relative Strength Rating.
The number of top-rated funds owning its shares rose from 272 in Jun '14 to 343 in Mar '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is also an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 28 million shares (S criteria) in the publicly traded flat can contribute to greater 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
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
|
$40.76
|
+0.19
0.47% |
$40.93
|
13,062
42.14% of 50 DAV
50 DAV is 31,000
|
$41.41
-1.57%
|
4/27/2015
|
$40.94
|
PP = $40.54
|
|
MB = $42.57
|
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 |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$99.52
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-0.31
-0.31% |
$100.32
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108,519
65.77% of 50 DAV
50 DAV is 165,000
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$102.16
-2.58%
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6/10/2015
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$101.47
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PP = $97.78
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MB = $102.67
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Most Recent Note - 6/10/2015 5:50:36 PM
Y - It was highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the earlier mid-day report. Triggered a technical buy signal with a gain backed by +55% above average volume on the prior session. Rallying with no resistance remaining due to overhead supply. Reported earnings +35% on +41% sales revenues for the quarter ended March 31, 2015, and prior quarterly comparisons were above the +25% minimum guideline (C criteria). Following a downturn in its FY '11 earnings its annual earnings (A criteria) history has been strong. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Small Saving & Loan Shows More Signs of Accumulation - 6/10/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$69.74
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-0.35
-0.50% |
$69.90
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155,139
33.22% of 50 DAV
50 DAV is 467,000
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$73.38
-4.96%
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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 - 6/10/2015 5:55:20 PM
Y - Consolidating above prior highs in the $70 area, holding its ground with volume totals cooling. Important support is defined by its 50 DMA line ($67.45) where more damaging losses would raise greater concerns and trigger a technical sell signal.
>>> 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
|
$215.27
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-2.54
-1.17% |
$217.00
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1,074,595
85.08% of 50 DAV
50 DAV is 1,263,000
|
$219.09
-1.74%
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6/8/2015
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$209.97
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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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$229.64
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-4.23
-1.81% |
$234.39
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1,218,733
69.96% of 50 DAV
50 DAV is 1,742,000
|
$246.01
-6.65%
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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 - 6/11/2015 1:29:16 PM
G - Prior loss on higher volume was indicative of mild distributional pressure. Consolidating well above its 50 DMA line ($219.68) which defines near term support, and it has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Very Extended Following 7 Consecutive Gains - 5/22/2015 |
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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 |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$140.47
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-1.52
-1.07% |
$141.48
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1,913,035
58.81% of 50 DAV
50 DAV is 3,253,000
|
$150.50
-6.66%
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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 - 6/8/2015 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 |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$103.81
|
-0.88
-0.84% |
$104.47
|
1,637,485
57.72% of 50 DAV
50 DAV is 2,837,000
|
$114.00
-8.94%
|
4/15/2015
|
$100.75
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PP = $108.60
|
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MB = $114.03
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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
|
$104.95
|
-0.68
-0.64% |
$105.71
|
1,669,083
48.53% of 50 DAV
50 DAV is 3,439,000
|
$111.60
-5.96%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 6/11/2015 6:01:57 PM
Y - Found prompt support at its 50 DMA line ($99.62) after briefly undercutting prior highs in the $102 area. The recent low ($98.07 on 6/09/15) and its 50 DMA line define important near-term support where damaging violations may trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support After Wedging From Late Stage Base - 6/11/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$118.16
|
+6.66
5.97% |
$120.00
|
6,150,397
319.50% of 50 DAV
50 DAV is 1,925,000
|
$115.16
2.61%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/12/2015 12:08:26 PM
G - Hitting another new all-time high today getting very extended from any sound base with volume-driven gains having the look of a "climax run". Gains of greater than +20% in the first 2-3 weeks following its technical breakout suggest holding for a minimum of 8 week under the fact-based investment system's rules. Prior highs in the $77 area define 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
|
$71.96
|
-2.02
-2.73% |
$74.10
|
436,545
73.00% of 50 DAV
50 DAV is 598,000
|
$75.46
-4.64%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/12/2015 5:41:06 PM
Y - Perched within striking distance of its 52-week high, consolidating above its 50 DMA line. Still needs a strong gain above the pivot point with at least +40% above average volume 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 |
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 |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$73.44
|
-0.61
-0.82% |
$74.39
|
763,245
52.46% of 50 DAV
50 DAV is 1,455,000
|
$78.44
-6.37%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
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MB = $77.31
|
Most Recent Note - 6/10/2015 11:40:19 AM
G - Rebounding near its 50 DMA line with today's gain. A damaging loss on the prior session triggered a technical sell signal and 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 |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$57.48
|
+0.85
1.50% |
$57.61
|
188,417
81.92% of 50 DAV
50 DAV is 230,000
|
$58.09
-1.05%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/12/2015 5:43:19 PM
G - Perched at its 52-week high, but it has not formed a sound new base. Its 50 DMA line ($53.31) and prior highs define important support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 6/12/2015 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$170.46
|
-2.12
-1.23% |
$172.37
|
240,974
70.67% of 50 DAV
50 DAV is 341,000
|
$174.83
-2.50%
|
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
|
$155.32
|
-0.05
-0.03% |
$156.29
|
341,749
46.00% of 50 DAV
50 DAV is 743,000
|
$159.85
-2.83%
|
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
|
$56.57
|
-0.54
-0.95% |
$57.00
|
204,945
107.87% of 50 DAV
50 DAV is 190,000
|
$58.46
-3.23%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/11/2015 6:04:25 PM
Y - Posted a small gain with more than 2 times average volume today for its best-ever close. Still, Convincing gains and a strong close above the pivot point backed by at least +40% above average volume 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 |
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
|
$175.85
|
+1.22
0.70% |
$176.47
|
794,740
60.34% of 50 DAV
50 DAV is 1,317,000
|
$176.82
-0.55%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
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Most Recent Note - 6/10/2015 5:59:07 PM
G - Managed a best-ever close today with a gain on near average volume. It is very extended from any sound base. Prior highs in the $158 area define initial support above its 50 DMA line where subsequent violations would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly at All-Time Highs Following +123% Rally - 6/3/2015 |
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A
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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.
This report is a service available
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You may opt-out of receiving report notifications
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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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