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AFTER MARKET UPDATE - THURSDAY, JULY 30TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-5.41 |
17,745.98 |
-0.03% |
|
Volume |
774,883,200 |
-10% |
|
Volume |
1,766,820,750 |
+2% |
|
NASDAQ |
+17.05 |
5,128.78 |
+0.33% |
|
Advancers |
1,571 |
51% |
|
Advancers |
1,477 |
52% |
|
S&P 500 |
+0.06 |
2,108.63 |
+0.00% |
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Decliners |
1,508 |
49% |
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Decliners |
1,376 |
48% |
|
Russell 2000 |
+2.47 |
1,232.07 |
+0.20% |
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52 Wk Highs |
84 |
|
|
52 Wk Highs |
63 |
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S&P 600 |
+2.53 |
708.80 |
+0.36% |
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52 Wk Lows |
75 |
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52 Wk Lows |
82 |
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Mixed Market as Major Averages Lacked Decisiveness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished little changed on Thursday. The Dow lost 5 points to 17745. The S&P 500 was virtually unchanged at 2108. The NASDAQ added 17 points to 5128. Volume totals were reported mixed, lighter than the prior session totals on the NYSE and higher on the Nasdaq exchange. Advancers narrowly led decliners on the NYSE and on the Nasdaq exchange. Leadership improved as there were 51 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 37 stocks. New 52-week highs outnumbered new lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange. There were gains for 8 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 400 Mid 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, and its MACD indicator is near neutral now.
The major averages toggled between gains and losses as investors focused on economic data and earnings. GDP in the second quarter slightly missed estimates as it rose 2.3%, but first-quarter growth was revised higher to a 0.6% expansion. In labor, jobless claims last week added 3,000 less than projected to 267,000.
Six of 10 S&P 500 sectors were higher. Utilities and materials were up the most. Xcel Energy (XEL +1.42%) and Air Products & Chemicals (APD +6.11%) rose after both beat on top and bottom lines. Western Digital (WDC +9.77%) lifted tech stocks as it rallied after topping quarterly projections and raising forward guidance. Facebook (FB -1.84%) limited the group’s advance on the heels of an 82% increase in expenses quarter-over-quarter. Conversely, Whole Foods (WFM -11.61%) tumbled to weigh on consumer staples, following a quarterly disappointment and lowered sales guidance. Energy was the worst-performing group. Linn Energy (LINE -26.32%) plunged after missing quarterly forecasts and suspending its distribution.
Treasuries trimmed losses but were mixed. Amid looming rate hikes, the two-year note fell 1/32 to yield 0.72%, but the 10-year note gained 6/32 to yield 2.26%.
Commodities were mostly lower. WTI crude posted a third reversal to finish 0.6% lower to $48.48/barrel. COMEX gold retreated 0.5% to $1087.40/ounce in the face of U.S. dollar strength.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Other Groups Rose While Commodity-Linked Groups Suffered
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -1.29%) fell, meanwhile the Bank Index ($BKX +0.30%) edged higher and the Retail Index ($RLX +0.57%) also had a positive influence on the major averages on Thursday. The Networking Index ($NWX +1.44%) led the tech sector while the Biotechnology Index ($BTK +0.14%) and Semiconductor Index ($SOX +0.37%) both posted small gains. Meanwhile, the Oil Services Index ($OSX -1.24%) fell and the Integrated Oil Index ($XOI -0.21%) ended slightly lower, and the standout decliner was the Gold & Silver Index ($XAU -3.57%).
PICTURED: The Oil Services Index ($OSX -1.24%) has been rebounding toward its 50 and 200 DMA lines after recenty undercutting its March lows.
| Oil Services |
$OSX |
182.65 |
-2.29 |
-1.24% |
-13.38% |
| Integrated Oil |
$XOI |
1,232.57 |
-2.55 |
-0.21% |
-8.57% |
| Semiconductor |
$SOX |
654.15 |
+2.40 |
+0.37% |
-4.76% |
| Networking |
$NWX |
388.99 |
+5.54 |
+1.44% |
+8.67% |
| Broker/Dealer |
$XBD |
195.55 |
-2.55 |
-1.29% |
+5.91% |
| Retail |
$RLX |
1,219.47 |
+6.89 |
+0.57% |
+18.08% |
| Gold & Silver |
$XAU |
46.64 |
-1.73 |
-3.58% |
-32.19% |
| Bank |
$BKX |
78.86 |
+0.30 |
+0.38% |
+6.19% |
| Biotech |
$BTK |
4,217.66 |
+5.73 |
+0.14% |
+22.64% |
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Finding Support While Consolidating After Sub Par Quarter
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Great Southern Bancorp (GSBC +$0.12 or +0.29% to $41.86) is consolidating above support at its 50-day moving average (DMA) line and prior highs. It recently reported earnings +8% on -11% sales revenues for the Jun '15 quarter, below the +25% earnings minimum (C criteria) 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. Prior reports cautioned members - "Annual earnings (A criteria) have not been strong and steady. Note that the annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
GSBC was last shown in this FSU section on 7/09/15 with an annotated graph under the headline, "Finding Support Near Prior Highs and 50-Day Moving Average". The number of top-rated funds owning is shares rose from 162 in Jun '14 to 195 in Jun '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication that its shares have been under slight accumulation over the past 50 days.
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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
|
$41.86
|
+0.12
0.29% |
$41.99
|
37,361
116.75% of 50 DAV
50 DAV is 32,000
|
$42.99
-2.63%
|
4/27/2015
|
$40.94
|
PP = $40.54
|
|
MB = $42.57
|
Most Recent Note - 7/30/2015 5:53:46 PM
G - Consolidating above its 50 DMA line and prior highs defining near-term support. 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finding Support While Consolidating After Sub Par Quarter - 7/30/2015 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$118.92
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+5.73
5.06% |
$120.39
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254,944
133.48% of 50 DAV
50 DAV is 191,000
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$119.83
-0.76%
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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 - 7/30/2015 3:58:09 PM
G - Gapped up today and finished near the session high and best-ever high. Reported earnings +41% on +42% sales revenues for the Jun '15 quarter. It is very extended from its prior base, and way above its 50 DMA line which defines important support to watch.
>>> 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
|
$72.99
|
-1.24
-1.67% |
$74.00
|
375,595
99.36% of 50 DAV
50 DAV is 378,000
|
$75.89
-3.82%
|
5/18/2015
|
$67.42
|
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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$218.88
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+1.69
0.78% |
$219.60
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719,454
50.03% of 50 DAV
50 DAV is 1,438,000
|
$242.37
-9.69%
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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
|
$190.38
|
-0.30
-0.16% |
$191.24
|
345,415
83.84% of 50 DAV
50 DAV is 412,000
|
$193.85
-1.79%
|
7/29/2015
|
$190.13
|
PP = $191.11
|
|
MB = $200.67
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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
|
$254.28
|
-0.95
-0.37% |
$255.04
|
1,474,833
88.37% of 50 DAV
50 DAV is 1,669,000
|
$259.99
-2.20%
|
7/14/2015
|
$236.75
|
PP = $246.11
|
|
MB = $258.42
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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
|
$115.80
|
-1.92
-1.63% |
$117.23
|
2,553,527
58.89% of 50 DAV
50 DAV is 4,336,000
|
$129.19
-10.36%
|
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
|
$79.03
|
+0.05
0.06% |
$79.46
|
241,831
32.46% of 50 DAV
50 DAV is 745,000
|
$81.76
-3.35%
|
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
|
$54.35
|
+0.71
1.32% |
$54.49
|
132,326
41.22% of 50 DAV
50 DAV is 321,000
|
$61.05
-10.97%
|
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
|
$176.30
|
+0.33
0.19% |
$176.99
|
188,988
55.91% of 50 DAV
50 DAV is 338,000
|
$177.11
-0.46%
|
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
|
$101.33
|
-1.12
-1.09% |
$102.61
|
655,574
89.32% of 50 DAV
50 DAV is 734,000
|
$105.98
-4.39%
|
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
|
$166.82
|
+0.33
0.20% |
$167.00
|
447,370
54.56% of 50 DAV
50 DAV is 820,000
|
$171.21
-2.56%
|
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
|
$61.62
|
-0.79
-1.27% |
$62.53
|
190,478
78.06% of 50 DAV
50 DAV is 244,000
|
$63.56
-3.05%
|
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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A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$185.19
|
+1.54
0.84% |
$186.54
|
1,321,001
85.95% of 50 DAV
50 DAV is 1,537,000
|
$200.55
-7.66%
|
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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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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