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AFTER MARKET UPDATE - THURSDAY, JUNE 18TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+180.10 |
18,115.84 |
+1.00% |
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Volume |
832,578,420 |
+19% |
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Volume |
1,731,298,850 |
+8% |
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NASDAQ |
+68.07 |
5,132.95 |
+1.34% |
|
Advancers |
2,080 |
65% |
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Advancers |
2,011 |
68% |
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S&P 500 |
+20.80 |
2,121.24 |
+0.99% |
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Decliners |
1,021 |
32% |
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Decliners |
834 |
28% |
|
Russell 2000 |
+16.34 |
1,284.68 |
+1.29% |
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52 Wk Highs |
123 |
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|
52 Wk Highs |
170 |
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S&P 600 |
+8.00 |
735.56 |
+1.10% |
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52 Wk Lows |
51 |
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52 Wk Lows |
33 |
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Nasdaq Rallies to New Record Highs With Volume Increase
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Thursday. The Dow climbed 180 points to 18115. The S&P 500 advanced 20 points to 2121. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange, an encouraging indication that institutional buying demand was on the rise. Breadth was solidly positive as advancers led decliners by a 2-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. Leadership expanded as there were 86 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 66 stocks. The number of new 52-week highs expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 14 of the 15 high-ranked companies currently on the Featured Stocks Page, an encouragingly better positive bias than the broader market.
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: Strength in the tech sector pushed the Nasdaq Composite index up 68 points to 5132, an all-time high.
The major averages gained as investors focused on Fed speak and shrugged off Greek debt concerns. After the Fed’s two-day meeting, Janet Yellen stated plans for a rate increase in 2015, but reiterated a gradual and data dependent path. Overseas, Greek and EU officials continued bantering over a potential Greek default and Grexit.
All 10 sectors of the S&P 500 advanced with health care and consumer stocks outperforming. In health stocks, Amgen (AMGN +2.87%) rose while positive drug trial results spurred a jump in BioMarin (BMRN +12.18%) Positive analyst commentary lifted consumer discretionary stocks as Harley Davidson (HOG +4.15%) and Ralph Lauren (RL +3.56%) posted gains. In staples, a weaker dollar helped Colgate (CL +1.14%) while Altria (MO +1.85%) climbed. In earnings, disappointing quarterly results sent Oracle (ORCL -4.83%) lower. On its first day of trading, Fitbit (FIT +48.4%) posted a huge gain.
Treasuries slid lower. The benchmark 10-year note fell 4/32 to yield 2.33%. Commodities were mostly higher. WTI crude advanced 0.8% to $60.39/barrel. COMEX gold climbed 2.1% to $1201.50/ounce. In FOREX, the dollar finished lower as the euro gained 0.3% to $1.1372/EUR and the yen strengthened by 0.4% to ¥122.92/USD.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Bank, Retail, and Gold & Silver Index Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Thursday the tech sector provided leadership as the Biotechnology Index ($BTK+2.78%) outpaced the Semiconductor Index ($SOX +1.45%) and the Networking Index ($NWX +1.00%). The Retail Index ($RLX +1.44%) and the Bank Index ($BKX +0.54%) both had a positive influence on the major averages while the Broker/Dealer Index ($XBD -0.03%) finished flat. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +1.35%) rose, but the Oil Services index ($XOI +0.22%) posted a small gain and the Oil Services Index ($OSX -1.91%) fell hard.
PICTURED: The Biotechnology Index ($BTK+2.78%) rallied above recent highs, approaching its March 2015 highs.
| Oil Services |
$OSX |
206.71 |
-4.01 |
-1.90% |
-1.97% |
| Integrated Oil |
$XOI |
1,328.33 |
+2.97 |
+0.22% |
-1.47% |
| Semiconductor |
$SOX |
725.60 |
+10.41 |
+1.46% |
+5.64% |
| Networking |
$NWX |
399.06 |
+3.96 |
+1.00% |
+11.49% |
| Broker/Dealer |
$XBD |
199.21 |
-0.05 |
-0.03% |
+7.89% |
| Retail |
$RLX |
1,159.93 |
+16.43 |
+1.44% |
+12.32% |
| Gold & Silver |
$XAU |
68.37 |
+0.92 |
+1.36% |
-0.60% |
| Bank |
$BKX |
78.84 |
+0.42 |
+0.54% |
+6.17% |
| Biotech |
$BTK |
4,204.95 |
+113.74 |
+2.78% |
+22.27% |
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Volume Totals Cooling During Consolidation After Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Avago Technologies Ltd (AVGO +$2.32 or +1.65% to $143.00) has held its ground and volume totals have been cooling while consolidating above support at prior highs in the $136 area, a reassuring sign that few investors have been headed for the exit. It was last shown in this FSU section on 5/28/15 under the headline, "Strong Sales and Earnings Acceleration For Tech Leader", after highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the earlier mid-day report (read here). This Singapore-based Electronics - Semiconductor firm was featured after technically breaking out of a riskier "late stage" base with a considerable volume-driven gain. It announced plans to acquire Broadcom (BRCM) as mentioned in the 5/27/15 commentary (read here).
Its current Up/Down Volume Ratio of 1.4 is an unbiaaed indicatin its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its share rose from 1137 in Jun '14 to 1466 in Mar '15, a reassuring sign concerning the I criteria. Leadership in the Semiconductor group is a reassuring sign concerning the L criteria.
The Apr '15 quarter marked its 6th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Earnings rose by +29%, +39%, +70%, +124%, +149%, and +151% in the Jan, Apr, Jul, Oct '14, Jan '15, and Apr '15 quarterly comparisons versus the year ago periods, respectively, showing impressive acceleration. Sales revenues rose +23%, 25%, +97%, +115%, +131%, and +130% during that time span. Its annual earnings (A criteria) history has been strong.
Disciplined investors avoid chasing stocks more than +5% above prior highs, and they always limit losses by selling any stock that falls more than -7% from their purchase price. The graph below shows the volume totals cooling after its technical breakout gain.
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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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$41.25
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+0.78
1.93% |
$41.62
|
67,697
218.38% of 50 DAV
50 DAV is 31,000
|
$41.63
-0.91%
|
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 - 6/16/2015 12:36:35 PM
Y - Still finding support above its 50 DMA line ($39.51) after stalling following its technical breakout in late April. 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 : 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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$99.00
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+0.64
0.65% |
$99.48
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112,897
71.00% of 50 DAV
50 DAV is 159,000
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$102.16
-3.09%
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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 - 6/18/2015 6:23:24 PM
Y - Volume totals still have been cooling while consolidating above prior highs in the $97 area. No resistance remains due to overhead supply, however, it stalled after highlighted in yellow in the 6/10/15 mid-day report. Subsequent losses leading to a close below its old high close ($97.27 on 3/20/15) would raise concerns by completely negating the recent breakout.
>>> 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
|
$73.00
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+0.82
1.14% |
$73.59
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298,482
73.70% of 50 DAV
50 DAV is 405,000
|
$73.38
-0.52%
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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 - 6/17/2015 3:32:29 PM
Y - Poised for a best-ever close with today's gain. Recently found support above prior highs in the $70 area and above its 50 DMA line. Subsequent damaging losses leading to violations would raise greater concerns and trigger technical sell signals.
>>> 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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$218.77
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+3.40
1.58% |
$220.00
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890,217
71.10% of 50 DAV
50 DAV is 1,252,000
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$219.09
-0.15%
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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 - 6/16/2015 6:09:35 PM
Y - Volume totals have been cooling while stubbornly holding its ground after volume-driven gains above its pivot point triggered a technical buy signal on 6/09/15. Highlighted in yellow in the 6/08/15 mid-day report (read here).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.
>>> 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
|
$233.95
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+3.75
1.63% |
$234.81
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1,174,910
67.37% of 50 DAV
50 DAV is 1,744,000
|
$246.01
-4.90%
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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 - 6/16/2015 6:05:20 PM
G - Consolidation above its 50 DMA line defining near term support is not a sound base of sufficient length. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is Not a Sufficient Length Bade - 6/16/2015 |
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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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$143.00
|
+2.32
1.65% |
$143.75
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2,466,424
74.29% of 50 DAV
50 DAV is 3,320,000
|
$150.50
-4.98%
|
5/28/2015
|
$141.06
|
PP = $136.38
|
|
MB = $143.20
|
Most Recent Note - 6/18/2015 6:22:26 PM
Y - Consolidating near its "max buy" level. Volume totals have been cooling while consolidating above support at prior highs in the $136 area. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling During Consolidation After Breakout - 6/18/2015 |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$105.18
|
+3.01
2.94% |
$106.57
|
2,953,163
106.77% of 50 DAV
50 DAV is 2,766,000
|
$114.00
-7.74%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
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Most Recent Note - 6/18/2015 6:30:11 PM
Y - Posted a gain today with near average but higher volume after quietly consolidating near its 50 DMA line which acted as support. 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
|
$109.98
|
+3.41
3.20% |
$110.21
|
3,596,718
108.37% of 50 DAV
50 DAV is 3,319,000
|
$111.60
-1.45%
|
5/1/2015
|
$97.51
|
PP = $102.87
|
|
MB = $108.01
|
Most Recent Note - 6/18/2015 6:28:08 PM
G - Rallied with near average volume today for a best-ever close, finishing above its "max buy" level, and its color code is changed to green. Found prompt support at its 50 DMA line last week 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.
>>> 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
|
$126.70
|
+4.47
3.66% |
$128.06
|
5,265,361
240.43% of 50 DAV
50 DAV is 2,190,000
|
$123.48
2.61%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/18/2015 12:12:46 PM
G - Powering to another new all-time high today. Very extended from any sound base after volume-driven gains having the look of a "climax run". Disciplined investors avoid chasing extended stocks.
>>> 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
|
$73.88
|
+1.46
2.02% |
$74.02
|
517,186
84.92% of 50 DAV
50 DAV is 609,000
|
$75.46
-2.09%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/18/2015 6:32:21 PM
Y - Posted a 3rd consecutive gain and finished within striking distance of its 52-week high. Found support above its 50 DMA line. A strong gain above the pivot point with at least +40% above average volume may 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
|
$60.08
|
+1.90
3.27% |
$61.05
|
311,973
129.99% of 50 DAV
50 DAV is 240,000
|
$60.67
-0.97%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/18/2015 6:24:43 PM
G - Rallied with above average volume and hit another new 52-week high today. Its 50 DMA line ($54.44) defines important support to watch on pullbacks.
>>> 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
|
$172.42
|
+2.12
1.24% |
$173.15
|
214,206
63.37% of 50 DAV
50 DAV is 338,000
|
$174.83
-1.38%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 6/16/2015 6:11:17 PM
Y - Consolidating just above its 50 DMA line ($168.15) which has acted as support. Subsequent 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
|
$156.48
|
+0.86
0.55% |
$158.75
|
868,980
120.36% of 50 DAV
50 DAV is 722,000
|
$159.85
-2.11%
|
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
|
$56.19
|
-0.04
-0.07% |
$57.47
|
295,658
153.99% of 50 DAV
50 DAV is 192,000
|
$58.46
-3.88%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/17/2015 6:37:58 PM
Y - Quietly consolidating, and gains above the pivot point backed by at least +40% above average volume are still needed to trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near Highs With No Overhead Supply - 6/17/2015 |
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A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$182.88
|
+2.24
1.24% |
$183.96
|
1,193,516
92.95% of 50 DAV
50 DAV is 1,284,000
|
$181.74
0.63%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/17/2015 3:34:09 PM
G - Hitting another new all-time high today with a gain on near average volume, getting more 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.
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