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AFTER MARKET UPDATE - TUESDAY, JUNE 16TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+113.31 |
17,904.48 |
+0.64% |
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Volume |
637,948,820 |
-11% |
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Volume |
1,551,760,760 |
-5% |
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NASDAQ |
+25.58 |
5,055.55 |
+0.51% |
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Advancers |
1,964 |
61% |
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Advancers |
1,681 |
57% |
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S&P 500 |
+11.86 |
2,096.29 |
+0.57% |
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Decliners |
1,111 |
35% |
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Decliners |
1,177 |
40% |
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Russell 2000 |
+8.49 |
1,269.53 |
+0.67% |
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52 Wk Highs |
68 |
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52 Wk Highs |
132 |
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S&P 600 |
+5.00 |
728.76 |
+0.69% |
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52 Wk Lows |
82 |
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52 Wk Lows |
42 |
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Volume Totals Reveal Less Conviction as Major Averages Post Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rose on Tuesday’s session. The Dow was up 113 points to 17904. The S&P 500 gained 12 points to 2096. The NASDAQ Composite was 26 points higher at 5055. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of less potent institutional buying demand. Breadth was positive as advancers led decliners by nearly a 2-1 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 55 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, up from the prior session total of 35 stocks. New 52-week highs still outnumbered new 52-week lows on the Nasdaq exchange, but new lows again outnumbered new highs on the NYSE. There were gains for 12 of the 15 high-ranked companies currently on the Featured Stocks Page. Healthy leadership (many stocks hitting new 52-week highs) remains a reassuring sign 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 recently slumped after meeting resistance at its 50-day moving average (DMA) line. It posted a gain with lighter volume while consolidating above its 200 DMA line and above prior lows.
The major averages snapped a two-day decline even as concerns remain over Greece securing a debt deal with its creditors. Investors were also focused on the Fed as it began its two-day policy meeting. On the economic front, readings on the real estate market were mixed. Housing starts unexpectedly fell 11.1% in May, more than the consensus estimate for a 4% decline. Building permits grew a surprising 11.8% last month versus projection to decrease 3.5%.
All 10 sectors in the S&P were up on the session. Consumer staples and energy contributed the most to the advance. Procter & Gamble (PG +1.25%) rose on reports the company is close to selling its beauty products businesses to fragrance maker Coty. Shares of Coty (COTY +19.3%) rallied on the news. Exxon (XOM +1.2%) as oil rebounded from a three-day retreat. Health care was up with Aetna (AET +4%) higher amid merger speculation. Industrials performance was muted as United Rentals (URI -2.6%) and American Airlines (AAL -1.5%) fell.
Treasuries were higher with the 10-year note up 12/32 to yield 2.31%. In commodities, NYMEX crude rose 0.8% to $60.01/barrel. COMEX gold slipped 0.4% to $1180.50/ounce.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech,and Energy Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.56%) and financials had a positive influence on the major averages while the Bank Index ($BKX +0.55%) and the Broker/Dealer Index ($XBD +0.60%) finished Tuesday's session modestly higher. The Biotechnology Index ($BTK+0.75%), Networking Index ($NWX +0.55%), and the Semiconductor Index ($SOX +0.34%) were unanimously higher. Energy-related shares also had a positive bias as the Oil Services Index ($OSX +0.43%) and the Integrated Oil Index ($XOI +0.61%) posted gains, meanwhile, the Gold & Silver Index ($XAU -1.43%) was a laggard as it lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI +0.61%) remains trading 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 |
209.39 |
+0.90 |
+0.43% |
-0.70% |
| Integrated Oil |
$XOI |
1,326.45 |
+8.07 |
+0.61% |
-1.61% |
| Semiconductor |
$SOX |
715.07 |
+2.44 |
+0.34% |
+4.11% |
| Networking |
$NWX |
394.45 |
+2.17 |
+0.55% |
+10.20% |
| Broker/Dealer |
$XBD |
200.28 |
+1.20 |
+0.60% |
+8.47% |
| Retail |
$RLX |
1,139.12 |
+6.32 |
+0.56% |
+10.30% |
| Gold & Silver |
$XAU |
65.99 |
-0.96 |
-1.43% |
-4.06% |
| Bank |
$BKX |
79.03 |
+0.43 |
+0.55% |
+6.42% |
| Biotech |
$BTK |
4,074.87 |
+30.46 |
+0.75% |
+18.49% |
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Latest Consolidation is Not a Sufficient Length Bade
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Valeant Pharmaceuticals International, Inc. (VRX -$1.86 or -0.81% to $228.70) is consolidating well above its 50-day moving average (DMA) line ($221.62) which defines near term support. It has not formed a sound base. It was last shown in this FSU section on 5/22/15 with annotated daily and weekly graphs under the headline, "Very Extended Following 7 Consecutive Gains".
There is good leadership (L criteria) in the Medical - Ethical Drugs group. VRX reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria). Prior quarterly comparisons were routinely above that minimum threshold.
It completed an new Public Offerings 3/17/15 and on 6/18/13. The upshot of such offerings is that the end result is typically an increase in the total number of institutional owners. The number of top-rated funds owning its shares rose from 1,056 in Mar '14 to 1,265 in Mar '15, a reassuring trend concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. A downturn in FY '07 and '08 earnings (A criteria) was followed by a strong earnings rebound in recent years.
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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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$40.57
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-0.19
-0.47% |
$41.05
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24,840
82.80% of 50 DAV
50 DAV is 30,000
|
$41.41
-2.03%
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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 - 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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$99.38
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-0.14
-0.14% |
$100.57
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124,960
77.14% of 50 DAV
50 DAV is 162,000
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$102.16
-2.72%
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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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$70.98
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+1.24
1.78% |
$71.18
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383,140
82.75% of 50 DAV
50 DAV is 463,000
|
$73.38
-3.27%
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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 - 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
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$215.07
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-0.20
-0.09% |
$215.90
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930,463
73.79% of 50 DAV
50 DAV is 1,261,000
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$219.09
-1.83%
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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
|
$230.56
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+0.92
0.40% |
$231.13
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1,119,079
64.72% of 50 DAV
50 DAV is 1,729,000
|
$246.01
-6.28%
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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
|
$143.12
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+2.65
1.89% |
$144.02
|
3,451,433
106.30% of 50 DAV
50 DAV is 3,247,000
|
$150.50
-4.90%
|
5/28/2015
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$141.06
|
PP = $136.38
|
|
MB = $143.20
|
Most Recent Note - 6/15/2015 5:34:47 PM
Y - Still consolidating just below its "max buy" level. Found support and above prior highs in the $136 during its recent consolidation.
>>> 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
|
$102.79
|
-1.02
-0.98% |
$103.17
|
2,648,593
94.49% of 50 DAV
50 DAV is 2,803,000
|
$114.00
-9.83%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 6/15/2015 5:36:46 PM
Y - Slump below prior highs in the $108 area raised some concerns, yet it has found support near its 50 DMA line. 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
|
$106.11
|
+1.16
1.11% |
$106.28
|
2,461,964
72.82% of 50 DAV
50 DAV is 3,381,000
|
$111.60
-4.92%
|
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
|
$117.49
|
-0.67
-0.57% |
$120.77
|
4,648,570
230.93% of 50 DAV
50 DAV is 2,013,000
|
$120.00
-2.09%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/15/2015 12:03:43 PM
G - Hit 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
|
$71.95
|
-0.01
-0.01% |
$72.65
|
653,596
109.11% of 50 DAV
50 DAV is 599,000
|
$75.46
-4.65%
|
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 |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$57.45
|
-0.03
-0.05% |
$58.35
|
294,451
127.47% of 50 DAV
50 DAV is 231,000
|
$58.09
-1.10%
|
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
|
$167.88
|
-2.58
-1.51% |
$169.40
|
338,355
99.81% of 50 DAV
50 DAV is 339,000
|
$174.83
-3.98%
|
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
|
$154.57
|
-0.75
-0.48% |
$155.32
|
430,480
58.57% of 50 DAV
50 DAV is 735,000
|
$159.85
-3.30%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/15/2015 5:38:11 PM
Y - Volume totals have been cooling while consolidating near its 50 DMA line following a "negative reversal" on 5/29/15. A subsequent 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
|
$56.00
|
-0.57
-1.01% |
$56.28
|
337,234
177.49% of 50 DAV
50 DAV is 190,000
|
$58.46
-4.21%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/15/2015 12:38:31 PM
Y - Perched near its 52-week high following gains backed by average volume. 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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$176.84
|
+0.99
0.56% |
$177.40
|
961,214
74.92% of 50 DAV
50 DAV is 1,283,000
|
$176.82
0.01%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
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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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.
This report is a service available
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You may opt-out of receiving report notifications
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