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AFTER MARKET UPDATE - MONDAY, AUGUST 17TH, 2015
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Indices NYSE Nasdaq
DOW  +67.78 17,545.18 +0.39% Volume 685,426,120 +5% Volume 1,399,171,810 +1%
NASDAQ +43.46 5,091.70 +0.86% Advancers 1,878 61% Advancers 1,749 61%
S&P 500 +10.90 2,102.44 +0.52% Decliners 1,194 39% Decliners 1,096 39%
Russell 2000 +12.40 1,225.09 +1.02% 52 Wk Highs 90   52 Wk Highs 84  
S&P 600 +5.35 712.25 +0.76% 52 Wk Lows 151   52 Wk Lows 92  

Modest Gains Lift S&P 500 and Nasdaq Composite Above 50 DMA Lines

Gains for the major indices on Monday came with volume totals reported slightly higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin on both the NYSE and on the Nasdaq exchange. 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 34 stocks. There were gains for 10 of the 16 high-ranked companies currently on the Featured Stocks Page. The number of new 52-week lows still outnumbered new 52-week highs on both the Nasdaq and on the NYSE.

Technical improvement in the charts of the major averages (M criteria) coupled with an expansion in leadership gave investors more reasons to be optimistic. The Nasdaq Composite Index and the benchmark S&P 500 Index both rebounded above their respective 50-day moving average (DMA) lines on Monday.

Charts courtesy www.stockcharts.com

PICTURED: The S&P 500 Index rebounded above its 50-day moving average (DMA) line helping its outlook improve. Subsequent losses leading to violations of prior lows and its 200 DMA line would raise more serious concerns.

Stocks closed higher on Monday. The Dow finished up 67 to 17545. The S&P 500 advanced 10 points to 2102. The NASDAQ gained 43 points to 5091.

The major averages turned positive after investors received mixed signals on the U.S. Economy. A gauge of manufacturing production in the New York Fed region unexpectedly declined to the lowest level since 2009. A separate release showed that homebuilder’s confidence climbed in August to the highest level since 2005.

In earnings, Estee Lauder (EL -6.78%) fell after missing second-quarter revenue forecasts. Tesla (TSLA +4.7%) advanced after receiving an upgrade. Comcast (CMCSA +2.60%) was higher on the strength of a surprising $56 million dollar opening weekend for its “Straight Outta Compton” movie release. M&A was back in play as Zulily (ZU +49.09%) surged after accepting an acquisition offer from Liberty Media (LMCA 0.78%).

Nine out of the ten sectors in the S&P 500 finished Monday’s session in the green. Consumer discretionary and Healthcare led the way while energy stocks once again brought up the rear.

Treasuries strengthened along the curve. The benchmark U.S. 10-year note gained 8/32 to yield 2.17%.

Commodities were mixed. WTI crude fluctuated throughout the day, closing 1.4% lower to $41.88/barrel. COMEX gold climbed 0.5% to $1118.30/ounce. In FOREX, the dollar index gained on the yen and the euro to finish 0.3% higher.

Stocks identified as the best matches with the fact-based investment system's guidelines currently are listed to the Featured Stocks Page. It shows the most current notes with headline links where members have access to 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.


Tech, Retail, and Gold & Silver Indexes Rose

The Retail Index ($RLX +0.56%) rose modestly and the Broker/Dealer Index ($XBD +0.20%) and Bank Index ($BKX +0.08%) both eked out small gains on Monday. The Biotechnology Index ($BTK +2.48%) led the tech sector higher while the Semiconductor Index ($SOX +0.98%) and Networking Index ($NWX +0.81%) followed. The Gold & Silver Index ($XAU +3.73%) was a standout gainer. Meanwhile energy-linked groups were weak as the Oil Services Index ($OSX -0.19%) and Integrated Oil Index ($XOI -0.16%) both inched lower. 
Charts courtesy www.stockcharts.com

 

PICTURED: The Bank Index ($BKX +0.08%) rebounded to close just above its 50-day moving average (DMA) line. Prior lows and its 200-day moving average (DMA) line define the next important support level to watch.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  176.90 -0.34 -0.19% -16.11%
Integrated Oil $XOI  1,207.06 -1.98 -0.16% -10.46%
Semiconductor $SOX  637.25 +6.21 +0.98% -7.22%
Networking $NWX  394.89 +3.16 +0.81% +10.32%
Broker/Dealer $XBD  189.52 +0.38 +0.20% +2.64%
Retail $RLX  1,243.30 +6.88 +0.56% +20.46%
Gold & Silver $XAU  51.56 +1.85 +3.72% -25.04%
Bank $BKX  7.30 +0.06 +0.83% -90.17%
Biotech $BTK  4,129.86 +99.89 +2.48% +20.09%


Fundamental Concerns Raised - Earnings Below +25% Guideline

Jones Lang Lasalle Inc (JLL -$0.02 or -0.01% to $176.99) has been testing support at its 50-day moving average (DMA) line ($173.59). Recent gains above the pivot point lacked the minimum +40% above average volume necessary to trigger a new (or add-on) technical buy signal. JLL last appeared in this FSU section on 7/22/15 with annotated graphs under the headline, "Recent Gains Lacked Volume Conviction; Earnings Report Soon Expected". Very little resistance remains due to overhead supply, however, it has made limited headway since highlighted in yellow in the 2/03/15 mid-day report (read here) and noted - "Has the look of a valid Secondary Buy point up to +5% above prior highs."

Fundamental concerns were raised as it reported Jun '15 earnings +20% on +8% sales revenues below the +25% minimum earnings guideline (C criteria). Prior comparisons were above the +25% minimum earnings guideline.
 
The number of top-rated funds owning its shares rose from 513 in Mar '14 to 721 in Jun '15, and its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days - reassuring signs concerning the I criteria. Its small supply (S criteria) of only 44.4 million shares in the public float contribute to greater price volatility in the event of institutional buying or selling.


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  
$42.55 +0.26
0.61%

$42.98

24,074
70.81% of 50 DAV
50 DAV is 34,000
$42.99
-1.02%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 8/14/2015 1:35:30 PM
G - Rebounding above its 50 DMA line today helps its technical stance. Earnings +8% on -11% sales revenues for the Jun '15 quarter, raised fundamental concerns. Recent low ($40.11 on 8/12/15) defines important support where any subsequent violation would trigger a more worrisome technical sell signal.
>>> 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  
$131.47 +2.97
2.31%

$132.50

179,516
75.11% of 50 DAV
50 DAV is 239,000
$134.79
-2.46%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 8/12/2015 6:57:25 PM
G - Hovering near its all-time high following gains marked by above average volume. Previously noted with caution - "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 
AHS - NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service  
$37.14 +1.90
5.39%

$37.16

1,296,408
189.26% of 50 DAV
50 DAV is 685,000
$36.34
2.20%
8/5/2015 $34.50 PP = $32.53
MB = $34.16
Most Recent Note - 8/17/2015 12:26:14 PM
G - Wedging further above its "max buy" level and getting more extended. Disciplined investors avoid chasing extended stocks. Prior highs in the $32 area define initial support to watch above its 50 DMA line ($30.90).
>>> FEATURED STOCK ARTICLE : Gap Up Gain Triggered Technical Buy Signal Following Earnings - 8/5/2015
 |  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  
$207.91 -0.16
-0.08%

$209.36

1,614,669
110.59% of 50 DAV
50 DAV is 1,460,000
$242.37
-14.22%
6/8/2015 $209.97 PP = $213.43
MB = $224.10
Most Recent Note - 8/12/2015 7:09:42 PM
G - Damaging losses below recent lows ($207) raised concerns and triggered a more worrisome technical sell signal. Found support and finished near the session high today after slumping near its 200 DMA line.
>>> 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  
$186.29 +1.83
0.99%

$186.85

217,317
50.63% of 50 DAV
50 DAV is 429,200
$194.73
-4.33%
7/29/2015 $190.13 PP = $191.11
MB = $200.67
Most Recent Note - 8/12/2015 6:51:29 PM
G - Managed a "positive reversal" today after slumping near its 200 DMA line. Fundamental concerns were recently noted after it reported earnings +19% on +15% sales revenues for the Jun '15 quarter, below the +25% minimum earnings guideline (C criteria). It stalled after highlighted in yellow with pivot point cited based on its 4/27/15 high plus 10 cents in the 7/29/15 mid-day report (read here).
>>> 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  
$249.75 +3.18
1.29%

$251.00

954,684
56.69% of 50 DAV
50 DAV is 1,684,000
$263.81
-5.33%
7/14/2015 $236.75 PP = $246.11
MB = $258.42
Most Recent Note - 8/12/2015 7:05:35 PM
Y - Undercut its 50 DMA line then found prompt support and closed in the upper third of its intra-day range. Endured distributional pressure after wedging higher with recent gains lacking great volume conviction. Its 7/23/15 gap up above the pivot point triggered a new (or add-on) technical buy signal.
>>> 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 
USNA - NYSE
U S A N A Health Science
DRUGS - Drug Related Products  
$160.24 -1.31
-0.81%

$162.98

135,748
102.07% of 50 DAV
50 DAV is 133,000
$176.88
-9.41%
8/5/2015 $157.22 PP = $145.15
MB = $152.41
Most Recent Note - 8/12/2015 7:07:16 PM
G - Consolidating well above prior highs in the $145 area defining initial support to watch. Risk increases the further one chases a stock above prior highs.
>>> FEATURED STOCK ARTICLE : Abrupt Retreat Following Breakout for Stock With Small Supply - 8/6/2015
 |  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  
$108.72 +0.10
0.09%

$109.71

1,286,693
30.54% of 50 DAV
50 DAV is 4,213,000
$129.19
-15.84%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
Most Recent Note - 8/12/2015 6:56:06 PM
G - Undercut its 50 DMA line today yet found prompt support and rebounded to close near that important short-term average and finish in the upper third of its intra-day range. More damaging losses would raise serious concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Choppy Consolidation is Not a New Cup-With-Handle Base - 8/7/2015
 |  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  
$81.94 +0.92
1.14%

$82.38

943,171
124.59% of 50 DAV
50 DAV is 757,000
$85.62
-4.30%
5/27/2015 $73.90 PP = $74.19
MB = $77.90
Most Recent Note - 8/14/2015 1:37:17 PM
G - Completed a Secondary Offering on 8/12/15. Recent consolidation was not a sound base pattern of sufficient length. Reported strong sales and earnings increases with acceleration again for Jun '15 quarter. Its 50 DMA line and recent lows define important support.
>>> 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  
$54.57 +0.30
0.55%

$54.60

169,151
50.49% of 50 DAV
50 DAV is 335,000
$61.05
-10.61%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 8/12/2015 7:11:28 PM
G - Slumping further below its 50 DMA line, and a rebound above that short-term average is needed for its outlook to improve. Damaging losses below the recent low ($50.07 on 7/07/15) would raise greater concerns and trigger a worrisome technical sell signal.
>>> 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 
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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$176.99 -0.02
-0.01%

$177.04

274,758
100.64% of 50 DAV
50 DAV is 273,000
$179.97
-1.66%
6/4/2015 $172.34 PP = $174.93
MB = $183.68
Most Recent Note - 8/17/2015 5:33:09 PM
G - Color code changed to green after fundamental concerns were raised as Jun '15 earnings were +20% on +8% sales revenues, below the +25% minimum earnings guideline (C criteria). Recently found support at 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Raised - Earnings Below +25% Guideline - 8/17/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
RH - NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores  
$100.45 -1.93
-1.89%

$102.74

365,312
46.60% of 50 DAV
50 DAV is 784,000
$105.98
-5.22%
7/28/2015 $102.40 PP = $102.10
MB = $107.21
Most Recent Note - 8/12/2015 7:02:37 PM
Y - Undercut its 50 DMA line ($98.71) then found prompt support and finished in the upper third of its intra-day range. More damaging losses would raise greater concerns and trigger a worrisome technical sell signal.
>>> 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  
$171.39 +0.35
0.20%

$171.61

545,497
82.28% of 50 DAV
50 DAV is 663,000
$171.21
0.11%
5/29/2015 $155.03 PP = $159.95
MB = $167.95
Most Recent Note - 8/13/2015 6:34:21 PM
G - Color code is changed to green after up today with light volume nearly challenging 52-week high. Stayed well above 50 DMA line and prior highs in the $159 area defining initial support to watch on pullbacks. See latest FSU analysis for more details and new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Gains Have Still Lacked Substantial Volume Conviction - 8/13/2015
 |  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  
$65.00 -0.12
-0.18%

$65.53

410,568
155.52% of 50 DAV
50 DAV is 264,000
$68.16
-4.64%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 8/17/2015 1:01:39 PM
G - Pulled back from its 52-week high with volume-driven losses. Rallied from support at its 50 DMA line but did not form a sound base. Reported earnings +36% on +32% sales revenues for the Jun '15 quarter.
>>> FEATURED STOCK ARTICLE : Earnings News Often Leads to Greater Volume and Volatility - 8/10/2015
 |  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  
$175.77 +2.23
1.29%

$176.40

597,790
41.34% of 50 DAV
50 DAV is 1,446,000
$200.55
-12.36%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 8/14/2015 6:29:44 PM
G - Latest gains have lacked volume conviction after volume-driven losses raised concerns and triggered technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Following Damaging Losses Gains Came With Light Volume - 8/14/2015
 |  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
INGN - NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies  
$49.99 -1.75
-3.38%

$51.74

488,928
183.12% of 50 DAV
50 DAV is 267,000
$51.86
-3.61%
8/12/2015 $49.01 PP = $45.85
MB = $48.14
Most Recent Note - 8/17/2015 12:54:17 PM
G - Quickly got extended from its latest sound base. Highlighted in 8/12/15 mid-day report with a pivot point cited based on its 6/23/15 high plus 10 cents (read here), it technically broke out with a considerable gap up and gain backed by +252% above average volume for a new 52-week high. Limited history and broader market weakness (M criteria) is a concern.
>>> FEATURED STOCK ARTICLE : Finished Strong With Volume-Driven Breakout Gain - 8/12/2015
 |  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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