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AFTER MARKET UPDATE - FRIDAY, JULY 31ST, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-56.12 |
17,689.86 |
-0.32% |
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Volume |
957,484,760 |
+24% |
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Volume |
1,738,368,080 |
-2% |
|
NASDAQ |
-0.50 |
5,128.28 |
-0.01% |
|
Advancers |
1,952 |
63% |
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Advancers |
1,637 |
57% |
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S&P 500 |
-4.79 |
2,103.84 |
-0.23% |
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Decliners |
1,144 |
37% |
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Decliners |
1,222 |
43% |
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Russell 2000 |
+6.61 |
1,238.68 |
+0.54% |
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52 Wk Highs |
114 |
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52 Wk Highs |
100 |
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S&P 600 |
+3.84 |
712.64 |
+0.54% |
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52 Wk Lows |
72 |
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52 Wk Lows |
83 |
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Indices Pulled Back But Were Higher on the Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow gained 0.7%, the S&P 500 finished 1.2% higher and the NASDAQ advanced 0.8%. Stocks erased earlier gains to finish lower on Friday. The Dow retreated 55 points to 17690. The S&P 500 fell 4 points to 2103. The NASDAQ lost less than 1 point to 5128. Volume totals were reported mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers led decliners by a 9-5 margin on the NYSE and 4-3 on the Nasdaq exchange. Leadership improved as there were 71 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 51 stocks. New 52-week highs outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 12 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 500 Index rallied from its 200 DMA line back above its 50 DMA line.
The major averages retraced an early advance amid lackluster economic data
and earnings. Wages in the second quarter grew at the slowest pace on record,
spurring speculation of a delayed rate increase. For July, two manufacturing
reports posted mixed results, and consumer confidence ebbed slightly.
Five of 10 S&P 500 sectors were lower. Energy was off the most as oil
price careened lower and earnings disappointed. Chevron lost 4.9% to $88.48 and
Exxon Mobil (XOM -4.58%) declined after missing quarterly estimates. Tech gave
up ground after LinkedIn (LNKD -10.52%) plunged on the heels of sluggish
growth concerns. Consumer stocks diverged on mixed earnings announcements,
Hanesbrands (HBI -9.11%) fell after missing projections, but Expedia (EXPE +12.85%) surged after topping expectations. Separately, Merck (MRK +0.75%) gained on positive Ebola treatment results. In M&A, Coca-Cola Enterprises (CCE +12.41%) rallied on merger speculation and United Parcel Service (UPS +0.95%) rose
after confirming a $1.8 billion bid for Coyote Logistics.
Treasuries rose amid speculation of further accommodative monetary policy.
The 10-year note climbed 20/32 to yield 2.19%.
Commodities were mixed. WTI crude tumbled 3.4% to $46.88/barrel on steady
weekly rig count figures. COMEX gold rebounded 0.6% to $1094.70/ounce. The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Networking and Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.58%) and Bank Index ($BKX -0.68%) fell while the Retail Index ($RLX +0.63%) rose on Friday. The Networking Index ($NWX +0.84%) and Biotechnology Index ($BTK +1.60%) rose while the Semiconductor Index ($SOX -1.20%) ended lower. Commodity-linked groups also were mixed as the Oil Services Index ($OSX -1.60%) and the Integrated Oil Index ($XOI -1.70%) fell while the Gold & Silver Index ($XAU +1.98%) rose.
PICTURED: The Retail Index ($RLX +0.63%) is perched at a new record high.
| Oil Services |
$OSX |
179.74 |
-2.91 |
-1.59% |
-14.76% |
| Integrated Oil |
$XOI |
1,211.56 |
-21.01 |
-1.70% |
-10.13% |
| Semiconductor |
$SOX |
646.29 |
-7.86 |
-1.20% |
-5.91% |
| Networking |
$NWX |
392.25 |
+3.26 |
+0.84% |
+9.58% |
| Broker/Dealer |
$XBD |
194.41 |
-1.14 |
-0.58% |
+5.29% |
| Retail |
$RLX |
1,227.20 |
+7.73 |
+0.63% |
+18.83% |
| Gold & Silver |
$XAU |
47.57 |
+0.93 |
+1.99% |
-30.84% |
| Bank |
$BKX |
78.32 |
-0.54 |
-0.68% |
+5.47% |
| Biotech |
$BTK |
4,262.24 |
+44.57 |
+1.06% |
+23.93% |
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Rebound Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Apogee Enterprises (APOG) rebounded back above its 50-day moving average (DMA) line and its color code was changed to yellow. Damaging losses below the recent low ($50.07 on 7/07/15) would raise greater concerns.
APOG was last shown in this FSU section on 7/13/15 with annotated graphs under the headline, "Sputtering After Damaging 50-Day Moving Average Violation". It traded up and much as +23.1% and since highlighted in yellow with pivot point cited based on its 2/26/15 high plus 10 cents in the 4/09/15 mid-day report (read here). By comparison, the benchmark S&P 500 Index is up +0.9% over that same timespan. Quarterly earnings rose +80%, 50%, +67%, +42%, 74%, and +95% in the Feb, May, Aug, Nov '14, Feb and May '15 quarterly comparisons, respectively, consistently well above the +25% minimum guideline (C criteria) in the 5 latest quarterly comparisons. Following a downturn and losses for FY '11 it has been showing better annual earnings (A criteria) growth. The Bldg- Constr Prds/Misc group has shown leadership (L criteria) and has a 94 Group Relative Strength Rating. The number of top-rated funds owning its shares rose from 272 in Jun '14 to 350 in Jun '15, a reassuring sign concerning the I criteria. But its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under distributional pressure over the past 50 days. Its small supply of only 28.1 million shares (S criteria) in the publicly traded flat can contribute to greater volatility in the event of institutional buying or selling.
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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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$41.50
|
-0.36
-0.86% |
$42.02
|
18,380
57.44% of 50 DAV
50 DAV is 32,000
|
$42.99
-3.46%
|
4/27/2015
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$40.94
|
PP = $40.54
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MB = $42.57
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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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$122.85
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+3.64
3.05% |
$128.74
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248,083
128.54% of 50 DAV
50 DAV is 193,000
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$120.39
2.04%
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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
|
$74.11
|
+1.12
1.53% |
$74.74
|
403,377
107.28% of 50 DAV
50 DAV is 376,000
|
$75.89
-2.35%
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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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$219.30
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+0.43
0.20% |
$220.86
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707,422
49.30% of 50 DAV
50 DAV is 1,435,000
|
$242.37
-9.52%
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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
|
$192.24
|
+1.86
0.98% |
$194.73
|
392,153
95.41% of 50 DAV
50 DAV is 411,000
|
$193.85
-0.83%
|
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
|
$257.53
|
+3.25
1.28% |
$258.96
|
1,314,040
78.54% of 50 DAV
50 DAV is 1,673,000
|
$259.99
-0.95%
|
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
|
$115.87
|
+0.07
0.06% |
$119.64
|
2,894,326
66.49% of 50 DAV
50 DAV is 4,353,000
|
$129.19
-10.31%
|
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
|
$79.78
|
+0.79
1.00% |
$81.14
|
598,749
81.02% of 50 DAV
50 DAV is 739,000
|
$81.76
-2.42%
|
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
|
$55.18
|
+0.83
1.53% |
$55.98
|
156,327
49.01% of 50 DAV
50 DAV is 319,000
|
$61.05
-9.61%
|
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 : Rebound Above 50-Day Moving Average Line - 7/31/2015 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$178.04
|
+1.74
0.99% |
$179.32
|
237,812
70.78% of 50 DAV
50 DAV is 336,000
|
$177.11
0.53%
|
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
|
$101.46
|
+0.13
0.13% |
$102.85
|
601,495
81.39% of 50 DAV
50 DAV is 739,000
|
$105.98
-4.26%
|
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
|
$166.03
|
-0.79
-0.47% |
$167.86
|
543,184
66.65% of 50 DAV
50 DAV is 815,000
|
$171.21
-3.03%
|
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
|
$62.76
|
+1.14
1.85% |
$63.16
|
135,877
55.23% of 50 DAV
50 DAV is 246,000
|
$63.56
-1.26%
|
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
|
$185.83
|
+0.64
0.35% |
$187.96
|
1,107,815
71.80% of 50 DAV
50 DAV is 1,543,000
|
$200.55
-7.34%
|
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,
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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