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AFTER MARKET UPDATE - TUESDAY, AUGUST 4TH, 2015
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Indices NYSE Nasdaq
DOW  -47.51 17,550.69 -0.27% Volume 797,432,510 -1% Volume 1,636,620,940 -1%
NASDAQ -9.83 5,105.55 -0.19% Advancers 1,371 45% Advancers 1,394 49%
S&P 500 -4.72 2,093.32 -0.22% Decliners 1,675 55% Decliners 1,446 51%
Russell 2000 -2.94 1,228.85 -0.24% 52 Wk Highs 98   52 Wk Highs 92  
S&P 600 +0.12 708.48 +0.02% 52 Wk Lows 186   52 Wk Lows 133  

Major Averages Edged Lower With Lighter Volume Totals

Stocks closed slightly lower on Tuesday. The Dow fell 47 points to 17550. The S&P 500 dropped 4 points to 2093. The NASDAQ slid 9 points to 5105. Volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, showing that institutional selling pressure was timid on the session. Breadth was slightly negative as decliners led advancers by an 8-7 margin on the NYSE and by an even narrower margin on the Nasdaq exchange. Leadership reassuringly improved as there were 60 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 48 stocks. There were gains for 7 of the 14 high-ranked companies currently on the Featured Stocks Page. However, new 52-week lows again outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. 

Healthy leadership has allowed the major indices (M criteria) to maintain an uptrend despite repeatedly noted distributional pressure. The Nasdaq Composite Index remains above its 50-day moving average (DMA) line, and growth areas have shown greater resilience than defensive groups - especially commodity-linked groups. Subsequent losses for the S&P 500 Index or the Dow could sound alarms that the market environment is deteriorating, especially if these indices violate their respective 7/27/15 lows. The Dow Jones Industrial Average still remains below its 50 and 200 DMA lines, while a rebound above those lines would be a reassuring sign for market bulls. 

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.

Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index recently found support at its 50-day moving average (DMA) line following its rally into record high territory. The MACD indicator had just turned bearish when last shown in this commentary on 7/28/15 (read here), and it still remains bearish.

The major averages sold off late in the day as investors remained focused on corporate earnings reports. Allstate (ALL -10.15%) had its worst day in six years, tumbling after the company missed profit estimates on higher than expected insurance claim costs. CVS (CVS -2.54%) fell after lowering forward guidance for the year. Archer Daniels Midland (ADM +1.49) missed revenue projections, but advanced after abandoning a bid to buy a Chinese sweetener company.

Healthcare M&A was also in the news. Baxalta (BXLT +11.92%) rallied after rejecting an all-stock bid from Shire (SHPG -5.40%) while IPC Healthcare (IPCM +35.56%) surged after agreeing to a takeover offer from Team Health Holdings (TMH -4.28%).

Eight of ten sectors in the S&P 500 moved lower. Materials stocks were the best performer, while the utilities and technology sectors lagged. NRG Energy (NRG -10.01%) fell to weigh down utilities while Apple (AAPL -3.21%) paced the losses in tech.

Treasuries gave up ground late in the session. The benchmark U.S. 10-year note fell 20/32 to yield 2.22%.

Commodities were mostly higher. WTI crude rebounded from a six-month low, climbing 1.4% to $45.82/barrel. COMEX gold slid 0.2% to $1086.80/ounce. The dollar index gained 0.4%.

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.


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.


Retail and Financial Groups Rose; Semiconductors Lead Tech Retreat

The Retail Index ($RLX +0.77%) was a positive influence on the major indices on Tuesday while the Broker/Dealer Index ($XBD +0.30%) and Bank Index ($BKX +0.17%) both edged higher. The Semiconductor Index ($SOX -1.11%) led the tech sector lower while the Networking Index ($NWX -0.38%) and Biotechnology Index ($BTK -0.30%) followed with smaller losses. Commodity-linked groups were quiet as the Oil Services Index ($OSX -0.13%) and the Integrated Oil Index ($XOI -0.16%) both inched lower and the Gold & Silver Index ($XAU +0.30%) eked out a small gain.
Charts courtesy www.stockcharts.com 

PICTURED: Consolidating from new highs, the Bank Index ($BKX +0.17%) recently has been finding support at its 50-day moving average (DMA) line.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  176.05 -0.23 -0.13% -16.51%
Integrated Oil $XOI  1,186.49 -1.93 -0.16% -11.99%
Semiconductor $SOX  637.18 -7.17 -1.11% -7.23%
Networking $NWX  387.55 -1.48 -0.38% +8.27%
Broker/Dealer $XBD  194.91 +0.59 +0.30% +5.56%
Retail $RLX  1,230.29 +9.45 +0.77% +19.13%
Gold & Silver $XAU  45.67 +0.13 +0.29% -33.60%
Bank $BKX  78.39 +0.20 +0.26% +5.56%
Biotech $BTK  4,255.74 +6.54 +0.15% +23.75%


Pullback Followed Another Strong Quarter Reported With Acceleration

Acadia Healthcare Inc (ACHC -$2.33 or -2.90% to $77.89) reported earnings +78% on +112% sales revenues for the Jun '15 quarter, extending its streak of strong quarterly comparisons with accelerating sales revenues and earnings increases well above the +25% minimum guideline (C criteria). It fell today with +33% above average volume behind the loss while slumping toward its 50-day moving average (DMA) line and prior lows defining near-term support to watch in the $76 area.
 
ACHC was last shown in this FSU section on 7/15/15 with an annotated graphs under the headline, "Extended From Prior Base and Perched at High ", trading above its "max buy" level and hitting a new all-time high. On 6/19/15 its strong gain was backed by +97% above average volume as it rallied above the pivot point cited and triggered a technical buy signal. It has a small supply of only 49.4 million shares (S criteria) in the public float. Leadership in the Medical / Outpatient/Home Care industry group is a reassuring sign (L criteria) as the group has earned an 95 Group Relative Strength Rating. The number of top-rated funds owning its shares rose from 364 on Jun '14 to 479 in Jun '15, a reassuring sign concerning the I criteria. It completed a new Public Offering on 5/05/15, and such offerings typically hinder a stock's progress for the short-term, however, the upshot is that the underwriters help companies attract greater interest from the institutional crowd.
 
It reported earnings increases of +23%, +53%, +59%, and +54% in the Jun, Sep, Dec '14 and Mar '15 quarters, respectively. Having 3 or 4 quarterly comparisons with increases above the +25% minimum guideline satisfied the C criteria. Sales revenues increases during that span were also up +20%, +59%, +55%, and +82%, showing encouraging acceleration.  Since tallying a loss in FY '11 its annual earnings (A criteria) have been strong.
 
Charts courtesy www.stockcharts.com


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  
$41.64 -0.23
-0.55%

$42.19

26,544
82.95% of 50 DAV
50 DAV is 32,000
$42.99
-3.14%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
BOFI - NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans  
$125.31 +0.98
0.79%

$128.39

285,172
145.50% of 50 DAV
50 DAV is 196,000
$128.74
-2.66%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 8/4/2015 7:38:01 PM
G - Best-ever close with above average volume behind today's 5th consecutive gain. It may produce more climactic gains, however it is very extended from its prior base. Its recent low ($111.43 on 7/29/15) defines near term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Extended and Perched Near High With Earnings News Due Soon - 7/27/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$72.99 -0.84
-1.14%

$74.27

723,999
189.03% of 50 DAV
50 DAV is 383,000
$76.69
-4.82%
5/18/2015 $67.42 PP = $70.59
MB = $74.12
Most Recent Note - 8/4/2015 7:42:51 PM
G - Reported earnings +21% on +25% sales revenues for the Jun '15 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns. Color code is changed to green. Pulled back with +89% above average volume today and tested support at its 50 DMA line ($72.66). Damaging losses leading to a violation of the recent low ($71.16 on 7/28/15) would trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Near Highs - 7/23/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$214.31 -2.39
-1.10%

$217.91

799,163
56.20% of 50 DAV
50 DAV is 1,422,000
$242.37
-11.58%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$190.66 -2.11
-1.09%

$193.16

383,579
93.33% of 50 DAV
50 DAV is 411,000
$194.73
-2.09%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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  
$259.98 +2.77
1.08%

$260.47

1,149,504
68.71% of 50 DAV
50 DAV is 1,673,000
$260.79
-0.31%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$114.65 +1.55
1.37%

$115.20

2,338,430
53.29% of 50 DAV
50 DAV is 4,388,000
$129.19
-11.25%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ACHC - NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services  
$77.89 -2.33
-2.90%

$80.61

984,991
132.75% of 50 DAV
50 DAV is 742,000
$81.76
-4.73%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 8/4/2015 7:34:19 PM
G - Reported strong sales and earnings increases with acceleration again for Jun '15 quarter. Fell near its "max buy" level with +33% above average volume behind today's loss. Its 50 DMA line and recent lows define important support. See the latest FSU analysis for additional details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pullback Followed Another Strong Quarter Reported With Acceleration - 8/4/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$55.16 +0.94
1.73%

$55.85

170,218
53.70% of 50 DAV
50 DAV is 317,000
$61.05
-9.64%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$178.37 -0.17
-0.10%

$179.53

220,589
66.44% of 50 DAV
50 DAV is 332,000
$179.32
-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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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  
$103.20 +1.40
1.38%

$104.47

744,995
100.40% of 50 DAV
50 DAV is 742,000
$105.98
-2.62%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$165.07 -0.20
-0.12%

$166.92

440,190
53.81% of 50 DAV
50 DAV is 818,000
$171.21
-3.59%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LXFT - NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs  
$61.48 +0.22
0.36%

$62.32

80,196
32.60% of 50 DAV
50 DAV is 246,000
$63.56
-3.27%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$185.50 +0.59
0.32%

$187.72

1,281,229
83.14% of 50 DAV
50 DAV is 1,541,000
$200.55
-7.50%
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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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