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AFTER MARKET UPDATE - TUESDAY, JULY 21ST, 2015
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DOW |
-181.12 |
17,919.29 |
-1.00% |
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Volume |
762,334,140 |
+5% |
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Volume |
1,600,906,430 |
-4% |
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NASDAQ |
-10.74 |
5,208.12 |
-0.21% |
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Advancers |
1,225 |
38% |
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Advancers |
1,157 |
39% |
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S&P 500 |
-9.07 |
2,119.21 |
-0.43% |
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Decliners |
1,857 |
58% |
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Decliners |
1,686 |
57% |
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Russell 2000 |
-5.65 |
1,254.57 |
-0.45% |
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52 Wk Highs |
72 |
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52 Wk Highs |
91 |
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S&P 600 |
-2.14 |
717.72 |
-0.30% |
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52 Wk Lows |
206 |
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52 Wk Lows |
128 |
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Major Averages Pulled Back With New Lows Outnumbering New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow declined 181 points 17919. The S&P 500 was off 9 points to 2119. The NASDAQ lost 10 points to close at 5208. Volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 4-3 on the Nasdaq exchange. There were 57 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 69 stocks. The total number of new 52-week lows contracted but still outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 12 high-ranked companies currently on the Featured Stocks Page.
The Nasdaq Composite Index and other major averages recently rallied to new highs or near their record highs. Coupling the indices' improvement with an expansion in leadership (stocks hitting new highs), the latest market (M criteria) action has shown investors reassuring proof that the institutional crowd has a healthy appetite for buying stocks.
Disciplined investors know to buy only the strongest stocks meeting all of the key fundamental and technical criteria. New matches with the fact-based investment system's strict guidelines will be added to the Featured Stocks Page as market action dictates.
PICTURED: The Dow Jones Induistrial Average fell below its 50-day moving average (DMA) line on Tuesday with a loss on higher volume.
The major averages retreated as investors weighed mostly disappointing earnings results from this morning. IBM (IBM -5.86%) tumbled after reporting declining sales for a 13th straight quarter. United Technologies (UTX -7.03%) fell after cutting forward guidance and missing revenue targets. Harley Davison (HOG +4.97%) rose after beating revenue expectations. Apple (AAPL -1.0%) fell while Microsoft (MSFT +0.77%) rose in anticipation of their releases. In other news, Qualcomm (QCOM +2.12%) rose on news that the company may call for a strategic review.
Nine of the ten sectors in the S&P 500 declined with Telecom leading the losses. Verizon (VZ -2.35%) fell on lower-than-expected revenue to pace the group. In sympathy with rising oil prices, energy was the only sector to finish higher. Southwest Energy (SWN +3.3%) while Halliburton (HAL +2.80%) helped to lead the gains.
Treasuries strengthened across the curve on Tuesday. The benchmark U.S. 10-year gained 10/32 to yield 2.336%.
Commodities were mixed. WTI crude climbed 0.4% to $50.36/barrel ahead of this afternoon’s inventory report. Gold continues to extend losses, falling 0.8% to $1098.00/ounce. The dollar index is lost 0.7% with the euro strengthening 1.0% against the greenback to $109.35/EUR.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver Index Bounced and Oil Services Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +2.83%) was a standout gainer as it bounced back from a big -10.27% loss on Monday's session. The Broker/Dealer Index ($XBD -0.81%) and the Retail Index ($RLX -0.34%) both weighed on the major averages as they fell on Tuesday, meanwhile the Bank Index ($BKX -0.01%) finished flat. The Biotechnology Index ($BTK -1.01%) lost ground, however the Networking Index ($NWX +0.17%) and the Semiconductor Index ($SOX +0.05%) both eked out tiny gains. The Oil Services Index ($OSX +0.73%) rose while the Integrated Oil Index ($XOI +0.02%) finished flat.
PICTURED: The Semiconductor Index ($SOX +0.05%) is still sputtering below its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
179.93 |
+1.30 |
+0.73% |
-14.67% |
| Integrated Oil |
$XOI |
1,242.13 |
+0.30 |
+0.02% |
-7.86% |
| Semiconductor |
$SOX |
662.86 |
+0.36 |
+0.05% |
-3.50% |
| Networking |
$NWX |
374.89 |
+0.62 |
+0.17% |
+4.73% |
| Broker/Dealer |
$XBD |
199.93 |
-1.64 |
-0.81% |
+8.28% |
| Retail |
$RLX |
1,195.54 |
-4.12 |
-0.34% |
+15.77% |
| Gold & Silver |
$XAU |
50.01 |
+1.38 |
+2.84% |
-27.29% |
| Bank |
$BKX |
79.51 |
-0.01 |
-0.01% |
+7.07% |
| Biotech |
$BTK |
4,379.95 |
-44.55 |
-1.01% |
+27.36% |
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Wedging to New Highs After Brief Consolidation
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW +$2.04 or +1.07% to $192.07) wedged further into new high territory with today's gain lacking great volume conviction, getting more extended from any sound base. The Computer Software - Security firm found support above its 50-day moving average (DMA) line during its consolidation since last shown in this FSU section with annotated graphs on 6/26/15 under the headline, "Higher Volume Loss a Sign of Distributional Pressure". The recent low ($167.82 on 7/07/15) and its 50-day moving average (DMA) line ($172.55) define important near-term chart support areas to watch, levels where subsequent violations would raise concerns and trigger technical sell signals.
Disciplined investors avoid chasing stocks more than +5% above their pivot point or prior highs. PANW has traded up as much as +153.7% since first highlighted at $75.95 in yellow back on May 29, 2014 when shown breaking out of a "double bottom" base pattern.
PANW reported earnings +109% on +55% sales revenues for the Apr '15 quarter, its 4th consecutive comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. Sequentially, it has shown encouraging acceleration with earnings increases of +57%, +88%, +90%, and +109% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarters, respectively, versus the year ago periods. It has an Earnings Per Share (EPS) Rating of 99, the highest possible rating. It has a strong annual earnings (A criteria) history.
The number of top-rated funds owning its shares rose from 246 in Jun '13 to 787 in Jun '15, a very reassuring sign concerning the I criteria. Its small supply (S criteria) of 69.4 million shares in the public float is another favorable characteristic.
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
GSBC
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$41.84
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-0.63
-1.48% |
$42.80
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38,558
124.38% of 50 DAV
50 DAV is 31,000
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$42.99
-2.67%
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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 - 7/21/2015 5:47:53 PM
Y - Ended near the session low with a loss today on higher volume indicative of distributional pressure Found support recently near prior highs in the $41 area and its 50 DMA line. Damaging losses leading to violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015 |
View all notes |
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News |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$117.83
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+0.62
0.53% |
$117.93
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162,819
89.46% of 50 DAV
50 DAV is 182,000
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$117.63
0.17%
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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 - 7/20/2015 12:05:54 PM
G - Hitting yet another new high with today's 4th consecutive gain, getting very extended from its prior base. Its 50 DMA line ($100.94) and prior highs near $97 define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hitting New Highs and Getting More Extended From a Sound Base - 7/10/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$74.71
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+0.14
0.19% |
$75.07
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154,912
38.44% of 50 DAV
50 DAV is 403,000
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$75.89
-1.55%
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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 - 7/17/2015 1:57:31 PM
Y - Perched near its all-time high with volume totals cooling, an indication few are headed for the exit. Its 50 DMA line ($70.88) defines support where a violation would trigger a technical sell signal. Due to report earnings on 08/03/15, and volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : 50 DMA Line Defines Support - 6/30/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$237.54
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-2.48
-1.03% |
$240.78
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2,160,754
171.90% of 50 DAV
50 DAV is 1,257,000
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$242.37
-1.99%
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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 - 7/21/2015 5:46:31 PM
G - Pulled back from its all-time high with a loss today on higher volume. It is extended from its prior base. Its 50 DMA line ($214.41) defines near-term support closely coinciding with prior highs.
>>> FEATURED STOCK ARTICLE : Still Above Near-Term Support After Pullback on Higher Volume - 7/8/2015 |
View all notes |
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Company Profile |
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News |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$240.59
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+0.71
0.30% |
$242.81
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1,016,630
65.13% of 50 DAV
50 DAV is 1,561,000
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$246.01
-2.20%
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7/14/2015
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$236.75
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PP = $246.11
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MB = $258.42
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Most Recent Note - 7/17/2015 2:09:04 PM
Y - Pulling back quietly today after recent gains challenging its 52-week high lacked great volume conviction. A new pivot point was recently cited based on its 5/28/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Damaging losses below the recent low ($219.56 on 6/29/15) would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : New Base Has Formed and Earnings News is Due Soon - 7/14/2015 |
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Set NEW NOTE alert |
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News |
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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 |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$118.18
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+0.46
0.39% |
$119.86
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3,205,872
81.14% of 50 DAV
50 DAV is 3,951,000
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$128.06
-7.72%
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5/1/2015
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$75.99
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PP = $77.49
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MB = $81.36
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Most Recent Note - 7/20/2015 5:57:58 PM
G - Volume was higher (near average) behind today's 3rd consecutive gain. Found support recently above its 50 DMA line. Subsequent violations of the 50 DMA line and recent low ($93.06 on 6/22/15) would trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average After Sharp Pullback - 7/17/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$79.68
|
-0.90
-1.12% |
$80.90
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315,686
41.10% of 50 DAV
50 DAV is 768,000
|
$81.76
-2.54%
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5/27/2015
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$73.90
|
PP = $74.19
|
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MB = $77.90
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Most Recent Note - 7/17/2015 2:03:14 PM
G - Still holding its ground above its "max buy" level with volume-totals cooling, an indication few are headed for the exit. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line ($74.44).
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 7/15/2015 |
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C
A
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$54.23
|
-0.17
-0.31% |
$54.97
|
337,631
109.98% of 50 DAV
50 DAV is 307,000
|
$61.05
-11.17%
|
4/9/2015
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$49.58
|
PP = $48.13
|
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MB = $50.54
|
Most Recent Note - 7/17/2015 2:04:49 PM
G - Posting a 3rd consecutive gain today, but still below its 50 DMA line ($54.82). A rebound above the 50 DMA line is needed to help its outlook improve. Damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Sputtering After Damaging 50-Day Moving Average Violation - 7/13/2015 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
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$173.22
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-1.42
-0.81% |
$176.09
|
248,003
71.68% of 50 DAV
50 DAV is 346,000
|
$177.11
-2.20%
|
6/4/2015
|
$172.34
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PP = $174.93
|
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MB = $183.68
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Most Recent Note - 7/17/2015 2:01:12 PM
Y - Volume totals have been cooling while consolidating near its all-time high and above support at its 50 DMA line ($171.05). Recent gains above the pivot point lacked the minimum +40% above average volume necessary to trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Did Not Trigger a New Technical Buy Signal - 6/29/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$166.79
|
-1.15
-0.68% |
$168.65
|
511,226
62.27% of 50 DAV
50 DAV is 821,000
|
$169.31
-1.49%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
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Most Recent Note - 7/20/2015 5:54:47 PM
G - Color code is changed to green while perched near its "max buy" level after recent gains lacking volume conviction. Prior highs near $159 define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Near "Max Buy" Level, But Recent Gains Lacked Great Volume Conviction - 7/20/2015 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$62.14
|
+0.75
1.22% |
$62.31
|
95,364
38.30% of 50 DAV
50 DAV is 249,000
|
$63.00
-1.37%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 7/20/2015 5:56:20 PM
G - Pulled back today with lighter volume. Prior highs define near-term support above its 50 DMA line. Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 7/16/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$192.07
|
+2.04
1.07% |
$192.47
|
1,105,651
76.15% of 50 DAV
50 DAV is 1,452,000
|
$192.70
-0.33%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 7/21/2015 5:42:53 PM
G - Wedged further into new high territory with today's gain lacking great volume conviction, getting more extended from any sound base. Recent lows and its 50 DMA line define the nearest chart support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Wedging to New Highs After Brief Consolidation - 7/21/2015 |
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Set NEW NOTE alert |
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C
A
S
I |
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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