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AFTER MARKET UPDATE - WEDNESDAY, JULY 29TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+121.12 |
17,751.39 |
+0.69% |
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Volume |
857,301,890 |
-6% |
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Volume |
1,733,503,550 |
-7% |
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NASDAQ |
+22.52 |
5,111.73 |
+0.44% |
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Advancers |
2,245 |
73% |
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Advancers |
1,609 |
56% |
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S&P 500 |
+15.32 |
2,108.57 |
+0.73% |
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Decliners |
836 |
27% |
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Decliners |
1,246 |
44% |
|
Russell 2000 |
+5.00 |
1,229.60 |
+0.41% |
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52 Wk Highs |
63 |
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52 Wk Highs |
50 |
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S&P 600 |
+3.82 |
706.27 |
+0.54% |
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52 Wk Lows |
78 |
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52 Wk Lows |
79 |
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Major Averages Rose But With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks accelerated gains heading into Wednesday’s close. The Dow advanced 121 points to 17751. The S&P 500 climbed 15 points to 2108. The NASDAQ rose 22 points to 5111. Volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, revealing less serious institutional buying demand. Advancers led decliners by an 11-4 margin on the NYSE and 4-3 on the Nasdaq exchange. Leadership improved as there were 37 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 20 stocks. However, the total number of new 52-week lows still outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. There were gains for 6 of the 14 high-ranked companies currently on the Featured Stocks Page.
The major indices' weakness and waning leadership (fewer stocks hitting new highs) was a noticeable characteristic while the market (M criteria) endured damaging distributional pressure through Monday. Subsequent gains have helped the S&P 500 Index and Nasdaq Composite Index both rebound above their 50-day moving average (DMA) lines, a sign of market resilience, but the Dow Jones Industrial Average still remains below its 50 and 200 DMA lines.
Regular readers have seen a couple of new matches with the fact-based investment system's strict guidelines added to the Featured Stocks Page in the past week. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
PICTURED: The S&P Small Cap Index found prompt support near its 200-day moving average (DMA) line and near its March lows. That is a likely level for it to find support, however its MACD indicator remains bearish as it has been for most of the past month.
The major averages pushed higher as investors focused on the Fed and corporate earnings. The Fed released a statement at the conclusion of their two-day interest rate policy meeting, indicating risks to economic growth and the inflation outlook are “nearly balanced.” In other economic data, pending home sales in June unexpectedly fell 1.8%.
All 10 S&P 500 sectors finished in positive territory. Industrial stocks were relative outperformers. Positive earnings and a lift to forward guidance spurred General Dynamics (GD +3.93%) and Northrop Grumman (NOC + 6.18%). Gilead (GILD +2.33%) rose after quarterly results topped expectations. Citrix (CTXS +8.10%) rallied, helping tech shrug off earnings disappointments that led Twitter (TWTR -14.50%) and Yelp (YELP -25.22%) both much lower. Energy was another bright spot, as Anadarko Petroleum (APC + 4.71%) rose and Chevron (CVX +0.92%) inched higher after announcing a round of job cuts.
Treasuries fell as the Fed turned more hawkish. 10-year notes lost 9/32 to yield 2.28%.
Commodities were mixed. WTI crude rallied 1.8% to $48.85/barrel, amid reports of planned Saudi supply cuts. COMEX gold was little changed at $1095.90/ounce, despite a stronger dollar. The U.S. dollar gained 0.7% against the euro to $10.978/EUR and 0.3% against the yen to ¥123.96/USD.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.65%), Bank Index ($BKX +0.81%), and the Retail Index ($RLX +0.95%) collectively had a positive influence on the major averages on Wednesday. The Oil Services Index ($OSX +2.34%) and the Integrated Oil Index ($XOI +1.92%) were standout gainers again and the Gold & Silver Index ($XAU +1.91%) also rose. The Biotechnology Index ($BTK -1.35%) ended lower while the Semiconductor Index ($SOX +0.13%) and the Networking Index ($NWX +0.43%) both posted small gains.
PICTURED: The Networking Index ($NWX +0.43%) has rebounded near its 50 DMA line after finding support above March lows and its 200 DMA line during the recent pullback.
| Oil Services |
$OSX |
184.94 |
+4.23 |
+2.34% |
-12.30% |
| Integrated Oil |
$XOI |
1,235.12 |
+23.32 |
+1.92% |
-8.38% |
| Semiconductor |
$SOX |
651.75 |
+0.85 |
+0.13% |
-5.11% |
| Networking |
$NWX |
383.45 |
+1.64 |
+0.43% |
+7.13% |
| Broker/Dealer |
$XBD |
198.10 |
+3.21 |
+1.65% |
+7.29% |
| Retail |
$RLX |
1,212.58 |
+11.38 |
+0.95% |
+17.42% |
| Gold & Silver |
$XAU |
48.37 |
+0.90 |
+1.90% |
-29.67% |
| Bank |
$BKX |
78.56 |
+0.63 |
+0.81% |
+5.79% |
| Biotech |
$BTK |
4,211.93 |
-57.74 |
-1.35% |
+22.47% |
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No Resistance Due to Overhead Supply For Drug Firm
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Jazz Pharmaceuticals Plc (JAZZ -$2.10 or -1.09% to $190.93) was highlighted in yellow with pivot point cited based on its 4/27/15 high plus 10 cents in the earlier mid-day report (read here). It is perched near its 52-week high following a technical breakout with a considerable volume-driven gain on the prior session.
Keep in mind it is due to report Jun '15 earnings on 8/05/15, and volume and volatility often increase near earnings news. It reported earnings +25% on +25% sales revenues for the Mar '15 quarter, its 4th consecutive quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria). Its Jun, Sep, and Dec '14 earnings rose +43%, +31%, and +42%, respectively. Its annual earnings (A criteria) history after years of losses shows earnings per share of $1.55, $3.52, $4.82, $6.31, and $8.40 from FY '10 through '14. The number of top-rated funds owning its shares rose from 661 in Sep '14 to 819 in Jun '15, a very reassuring sign concerning the I criteria. The Medical - Ethical Drugs group is currently showing good leadership (L criteria) while coming in with an A+ rating for its Group Relative Strength.
JAZZ found support near its 200-day moving average (DMA) line while making gradual progress since dropped from the Featured Stocks list on 2/28/14. Its last appearance in this FSU section was on 2/21/14 with annotated graphs under the headline, "Financial Report May Prompt Greater Volume and Volatility".
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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
|
$41.74
|
-0.10
-0.24% |
$41.98
|
27,991
87.47% of 50 DAV
50 DAV is 32,000
|
$42.99
-2.91%
|
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 - 7/28/2015 6:49:13 PM
G - Halted its slide at its 50 DMA line today following 3 consecutive losses. Reported earnings +8% on -11% sales revenues for the Jun '15 quarter, raising fundamental concerns, and its color code was changed to green. Damaging losses leading to violations of the 50 DMA line and prior lows would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$113.19
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+0.60
0.53% |
$113.78
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341,473
182.61% of 50 DAV
50 DAV is 187,000
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$119.83
-5.54%
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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 - 7/29/2015 3:56:18 PM
G - Halting its slide today after 4 consecutive losses. It is very extended from its prior base, and way above its 50 DMA line which defines important support to watch. Due to report earnings on 7/30/15.
>>> FEATURED STOCK ARTICLE : Extended and Perched Near High With Earnings News Due Soon - 7/27/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$74.23
|
+1.55
2.13% |
$74.83
|
305,168
79.26% of 50 DAV
50 DAV is 385,000
|
$75.89
-2.19%
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5/18/2015
|
$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 7/29/2015 3:54:26 PM
Y - Found support at its 50 DMA line. Subsequent violations of the 50 DMA line and recent lows would trigger worrisome technical sell signals. Due to report earnings on 08/04/15, and volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Near Highs - 7/23/2015 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$217.19
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-0.63
-0.29% |
$219.66
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953,609
66.31% of 50 DAV
50 DAV is 1,438,000
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$242.37
-10.39%
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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 - 7/29/2015 4:04:15 PM
Y - Still finding support near its 50 DMA line and above prior highs in the $213 area with volume totals cooling. See the latest FSU analysis for more details with an annotated weekly graph and explanation of valid "Secondary Buy Points".
>>> FEATURED STOCK ARTICLE : Support Found After Abrupt Pullback Following Earnings News - 7/24/2015 |
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C
A
S
I |
JAZZ
-
NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology
|
$190.68
|
-2.34
-1.21% |
$193.50
|
668,608
163.47% of 50 DAV
50 DAV is 409,000
|
$193.85
-1.64%
|
7/29/2015
|
$190.13
|
PP = $191.11
|
|
MB = $200.67
|
Most Recent Note - 7/29/2015 6:05:59 PM
Y - Pulled back today with above average volume. Highlighted in yellow with pivot point cited based on its 4/27/15 high plus 10 cents in the earlier mid-day report (read here), following a technical breakout with a considerable volume-driven gain on the prior session. Reported earnings +25% on +25% sales revenues for the Mar '15 quarter, its 4th consecutive quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria). Due to report Jun '15 earnings on 8/05/15, and volume and volatility often increase near earnings news. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : No Resistance Due to Overhead Supply For Drug Firm - 7/29/2015 |
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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 |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$255.23
|
-2.72
-1.05% |
$259.88
|
2,064,732
124.98% of 50 DAV
50 DAV is 1,652,000
|
$259.99
-1.83%
|
7/14/2015
|
$236.75
|
PP = $246.11
|
|
MB = $258.42
|
Most Recent Note - 7/29/2015 4:02:19 PM
Y - Bullish action continued after its 7/23/15 gap up above the pivot point triggered a new (or add-on) technical buy signal. Prior highs in the $246 area define initial support above the 50 DMA line ($234.90).
>>> FEATURED STOCK ARTICLE : New Base Has Formed and Earnings News is Due Soon - 7/14/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$117.72
|
-1.54
-1.29% |
$120.46
|
3,506,599
81.47% of 50 DAV
50 DAV is 4,304,000
|
$129.19
-8.88%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 7/27/2015 6:45:00 PM
G - Gapped down today after rebounding to its prior highs with a streak of gains lacking great volume conviction. The 50 DMA line and recent low ($93.06 on 6/22/15) define near-term support where violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average After Sharp Pullback - 7/17/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$78.98
|
+0.18
0.23% |
$79.29
|
330,256
43.98% of 50 DAV
50 DAV is 751,000
|
$81.76
-3.40%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 7/29/2015 3:57:35 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 and its 50 DMA line define important support.
>>> 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
|
$53.64
|
-0.17
-0.32% |
$54.04
|
181,316
56.31% of 50 DAV
50 DAV is 322,000
|
$61.05
-12.13%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 7/29/2015 3:59:16 PM
G - Sputtering back below its 50 DMA line and its color code s changed to green. Damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns.
>>> 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
|
$175.97
|
+4.82
2.82% |
$176.51
|
428,821
127.25% of 50 DAV
50 DAV is 337,000
|
$177.11
-0.64%
|
6/4/2015
|
$172.34
|
PP = $174.93
|
|
MB = $183.68
|
Most Recent Note - 7/29/2015 3:52:16 PM
Y - Rebounding near its 52-week high today after a dip below its 50 DMA line. 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 : Recent Gains Lacked Volume Conviction; Earnings Report Soon Expected - 7/22/2015 |
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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 |
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$102.45
|
-0.26
-0.25% |
$103.26
|
645,355
88.16% of 50 DAV
50 DAV is 732,000
|
$105.98
-3.33%
|
7/28/2015
|
$102.40
|
PP = $102.10
|
|
MB = $107.21
|
Most Recent Note - 7/28/2015 6:46:17 PM
Y - Ended near the middle of its intra-day range after highlighted in yellow as a new pivot point was cited based on its 3/30/15 high plus 10 cents in the earlier mid-day report. Technically, there was a volume-driven breakout on 7/16/15. It is consolidating above prior highs in the $100-102 area defining initial support. Reported earnings +28% on +15% sales revenues for the Apr '15 quarter, an improvement after Jan '15 earnings of +23% were below the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Fundamental and Technical Action Improved Outlook - 7/28/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$166.49
|
+0.48
0.29% |
$167.28
|
570,348
69.55% of 50 DAV
50 DAV is 820,000
|
$171.21
-2.76%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
|
Most Recent Note - 7/27/2015 6:33:59 PM
Y - Color code is changed to yellow after pulling back today with higher (but below average) volume and it finished below its "max buy" level. Prior highs near $159 define initial support to watch on pullbacks.
>>> 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 |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$62.41
|
+0.43
0.69% |
$62.81
|
128,307
52.37% of 50 DAV
50 DAV is 245,000
|
$63.56
-1.81%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 7/27/2015 6:37:11 PM
Y - Down today for a big loss on lighter volume and its color code is changed to yellow after closing just below its "max buy" level. Prior highs define near-term support with its 50 DMA line coinciding in the $57 area. 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
|
$183.65
|
-3.18
-1.70% |
$186.94
|
1,650,547
108.52% of 50 DAV
50 DAV is 1,521,000
|
$200.55
-8.43%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 7/27/2015 6:40:09 PM
G - Gapped down today for a damaging looss on above average volume after wedging higher while getting extended from any sound base. Its 50 DMA line ($175.83) defines support to watch above recent lows in the $167 area where violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Wedging to New Highs After Brief Consolidation - 7/21/2015 |
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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