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AFTER MARKET UPDATE - MONDAY, AUGUST 3RD, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-91.66 |
17,598.20 |
-0.52% |
|
Volume |
809,468,650 |
-15% |
|
Volume |
1,655,605,980 |
-5% |
|
NASDAQ |
-12.90 |
5,115.38 |
-0.25% |
|
Advancers |
1,214 |
40% |
|
Advancers |
1,045 |
37% |
|
S&P 500 |
-5.80 |
2,098.04 |
-0.28% |
|
Decliners |
1,851 |
60% |
|
Decliners |
1,817 |
63% |
|
Russell 2000 |
-6.89 |
1,231.79 |
-0.56% |
|
52 Wk Highs |
72 |
|
|
52 Wk Highs |
85 |
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S&P 600 |
-4.28 |
708.36 |
-0.60% |
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52 Wk Lows |
173 |
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52 Wk Lows |
164 |
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Indices Lost Ground But Recovered From Deeper Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks trimmed losses in late trading on Monday. The Dow fell 91 points to 17598 after being down as many as 193 points. The S&P 500 lost 5 points to 2098. The NASDAQ retreated 12 points to 5115. Volume totals were reported lighter than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 9-5 on the Nasdaq exchange. There were 48 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 71 stocks. New 52-week lows outnumbered new 52-week highs on the NYSE and on 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) has been a noticeable characteristic while the market (M criteria) endured distributional pressure. Subsequent gains 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 recent weeks. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
PICTURED: The Dow Jones Industrial Average met resistance at its 200-day moving average (DMA) line when recently trying to rebound, and now it has slumped near prior lows.
The major averages fell as investors weighed economic data and earnings. In June, personal income surprisingly rose 0.4%, but personal spending gained an expected 0.2%. Manufacturing measures by Markit and ISM for July both remained expansionary, but ISM’s metric failed to meet forecasts. Overall vehicle sales for July surprised analysts as they rose 13.9 million, against calls for a 13.5 million gain.
Seven of 10 S&P 500 sectors finished lower with energy and materials down the most amid a rout in commodities. CONSOL Energy (CNX -7.63%) slid and Diamond Offshore (DO -3.33%) shrugged off positive earnings. In materials, Freeport McMoRan (FCX -4.68%) fell . Tyson Foods (TSN -9.90%) plummeted on dismal earnings and a lowered outlook. However, Frontier Communications (FTR +9.11%) rallied on the heels of positive quarterly results and upbeat cash flow guidance. Separately, Michael Kors (KORS -7.81%) fell on bearish analyst commentary and Apple (AAPL -2.36%) retreated, -10% below its February high. Autodesk (ADSK +5.38%) gained after being added to Credit Suisse’s Focus List.
Breadth was negative on issues by 8-3 on the NSYE and 5-4 on the NASDAQ. NYSE composite volume totaled more than 3.4 billion shares.
Treasuries climbed ahead of Friday’s labor market report. The benchmark 10-year note rose 9/32 to yield 2.15%.
Commodities extended global losses. WTI crude plunged 3.6% to $45.41/barrel. COMEX gold fell 0.8% to $1085.80/ounce. In FOREX, the dollar advanced 0.3% against the euro to $1.0952/EUR and 0.1% against the yen to ¥123.98/USD.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Led Broad Based Declines
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.52%) created a drag on the major indices on Monday while the Broker/Dealer Index ($XBD -0.05%) and Bank Index ($BKX -0.17%) inched lower. The Networking Index ($NWX -0.82%) led the tech sector's mild retreat while the Biotechnology Index ($BTK -0.30%) and the Semiconductor Index ($SOX -0.30%) also ended slightly lower. Commodity-linked groups the session's worst laggards as the Oil Services Index ($OSX -1.93%) and the Integrated Oil Index ($XOI -1.91%) fell, and the Gold & Silver Index ($XAU -4.26%) was a standout decliner.
PICTURED: The Broker/Dealer Index ($XBD -0.05%) met resistance at its 50-day moving average (DMA) line and has slumped near prior lows.
| Oil Services |
$OSX |
176.28 |
-3.46 |
-1.93% |
-16.40% |
| Integrated Oil |
$XOI |
1,188.42 |
-23.14 |
-1.91% |
-11.85% |
| Semiconductor |
$SOX |
644.35 |
-1.94 |
-0.30% |
-6.19% |
| Networking |
$NWX |
389.03 |
-3.21 |
-0.82% |
+8.69% |
| Broker/Dealer |
$XBD |
194.32 |
-0.09 |
-0.05% |
+5.24% |
| Retail |
$RLX |
1,220.94 |
-6.36 |
-0.52% |
+18.22% |
| Gold & Silver |
$XAU |
45.54 |
-2.03 |
-4.27% |
-33.79% |
| Bank |
$BKX |
78.18 |
-0.14 |
-0.18% |
+5.28% |
| Biotech |
$BTK |
4,249.20 |
-13.04 |
-0.31% |
+23.56% |
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Holding Ground Following Latest Technical Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Valeant Pharmaceuticals International, Inc. (VRX -$0.32 or -0.12% to $257.21) has held its ground and volume totals have been cooling since its 7/23/15 gap up above the pivot point triggered a new (or add-on) technical buy signal. It was last shown in this FSU section on 7/14/15 with an annotated graph under the headline, "New Base Has Formed and Earnings News is Due Soon" and a new pivot point had been cited based on its 5/28/15 high plus 10 cents. Prior highs in the $246 area define initial support above the 50-day moving average (DMA) line ($236.48). There is still good leadership (L criteria) in the Medical - Ethical Drugs group. It reported earnings +34% on +34% sales revenues for the Jun '15 quarter. VRX reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria). Prior quarterly comparisons were routinely above that minimum threshold. It completed an new Public Offerings 3/17/15 and on 6/18/13. The upshot of such offerings is that the end result is typically an increase in the total number of institutional owners. The number of top-rated funds owning its shares rose from 1,056 in Mar '14 to 1,320 in Jun '15, a reassuring trend concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days. A downturn in FY '07 and '08 earnings (A criteria) was followed by a strong earnings rebound in recent years. |
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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
|
$41.87
|
+0.37
0.89% |
$41.94
|
26,574
83.04% of 50 DAV
50 DAV is 32,000
|
$42.99
-2.60%
|
4/27/2015
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$40.94
|
PP = $40.54
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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
|
$124.33
|
+1.48
1.20% |
$125.70
|
213,983
110.30% of 50 DAV
50 DAV is 194,000
|
$128.74
-3.43%
|
6/10/2015
|
$101.47
|
PP = $97.78
|
|
MB = $102.67
|
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
|
$73.83
|
-0.28
-0.38% |
$76.69
|
438,010
115.27% of 50 DAV
50 DAV is 380,000
|
$75.89
-2.71%
|
5/18/2015
|
$67.42
|
PP = $70.59
|
|
MB = $74.12
|
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
|
$216.70
|
-2.60
-1.19% |
$220.52
|
726,753
51.07% of 50 DAV
50 DAV is 1,423,000
|
$242.37
-10.59%
|
6/8/2015
|
$209.97
|
PP = $213.43
|
|
MB = $224.10
|
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
|
$192.77
|
+0.53
0.28% |
$193.92
|
328,475
79.73% of 50 DAV
50 DAV is 412,000
|
$194.73
-1.01%
|
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
|
$257.21
|
-0.32
-0.12% |
$260.79
|
1,771,755
105.97% of 50 DAV
50 DAV is 1,672,000
|
$259.99
-1.07%
|
7/14/2015
|
$236.75
|
PP = $246.11
|
|
MB = $258.42
|
Most Recent Note - 8/3/2015 5:44:25 PM
Y - Holding its ground 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Latest Technical Breakout - 8/3/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$113.10
|
-2.77
-2.39% |
$117.70
|
2,668,783
60.99% of 50 DAV
50 DAV is 4,376,000
|
$129.19
-12.45%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 8/3/2015 5:46:39 PM
G - Pulling back toward its 50 DMA line ($106.83) defining near-term support. A violation would trigger a technical sell signal.
>>> 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
|
$80.22
|
+0.44
0.55% |
$80.84
|
433,800
58.46% of 50 DAV
50 DAV is 742,000
|
$81.76
-1.88%
|
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
|
$54.22
|
-0.96
-1.74% |
$55.43
|
195,171
61.57% of 50 DAV
50 DAV is 317,000
|
$61.05
-11.18%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 8/1/2015 7:34:41 AM
Y - Rebounded above its 50 DMA line and its color code was changed to yellow. 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 : 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
|
$178.54
|
+0.50
0.28% |
$179.02
|
233,147
69.80% of 50 DAV
50 DAV is 334,000
|
$179.32
-0.43%
|
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
|
$101.80
|
+0.34
0.34% |
$102.34
|
530,547
71.70% of 50 DAV
50 DAV is 740,000
|
$105.98
-3.94%
|
7/28/2015
|
$102.40
|
PP = $102.10
|
|
MB = $107.21
|
Most Recent Note - 8/3/2015 5:52:17 PM
Y - Consolidating near prior highs in the $100-102 area defining initial support. Its 50 DMA line ($97.40) defines the next important support level to watch.
>>> 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
|
$165.27
|
-0.76
-0.46% |
$167.99
|
674,931
82.92% of 50 DAV
50 DAV is 814,000
|
$171.21
-3.47%
|
5/29/2015
|
$155.03
|
PP = $159.95
|
|
MB = $167.95
|
Most Recent Note - 8/3/2015 5:53:30 PM
Y - Consolidating well above prior highs in the $159 area defining 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
|
$61.26
|
-1.50
-2.39% |
$62.92
|
158,718
64.52% of 50 DAV
50 DAV is 246,000
|
$63.56
-3.62%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 8/3/2015 5:48:54 PM
G - Trading above its "max buy" level and its color code is changed to green. Its 50 DMA line ($58.07)defines near term support above prior highs 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
|
$184.91
|
-0.92
-0.50% |
$187.91
|
797,918
51.61% of 50 DAV
50 DAV is 1,546,000
|
$200.55
-7.80%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 8/3/2015 5:50:14 PM
G - It is extended from any sound base, consolidating above its 50 DMA line ($178.57) which defines support to watch. A violation would trigger a technical sell signal.
>>> 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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|
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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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