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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 8TH, 2015
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DOW |
+390.30 |
16,492.68 |
+2.42% |
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Volume |
898,478,710 |
+8% |
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Volume |
1,626,518,280 |
+12% |
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NASDAQ |
+128.01 |
4,811.93 |
+2.73% |
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Advancers |
2,454 |
79% |
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Advancers |
2,318 |
78% |
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S&P 500 |
+48.19 |
1,969.41 |
+2.51% |
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Decliners |
653 |
21% |
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Decliners |
646 |
22% |
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Russell 2000 |
+25.60 |
1,161.76 |
+2.25% |
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52 Wk Highs |
16 |
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52 Wk Highs |
45 |
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S&P 600 |
+13.66 |
674.34 |
+2.07% |
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52 Wk Lows |
34 |
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52 Wk Lows |
31 |
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Major Averages Follow Through With Big Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rallied into the close on Tuesday, tallying big gains with higher volume as leadership expanded. The session was a solid follow-through day marking the beginning of a new "confirmed rally". The Dow rose 390 points to 16492. The S&P 500 gained 48 points to 1969. The NASDAQ climbed 128 points to 4811. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a reassuring sign of "accumulation" or better buying demand coming from large institutional investors. Breadth was solidly positive as advancers led decliners by nearly a 4-1 margin on the NYSE and on the Nasdaq exchange. Leadership improved as 14 stocks made it onto the BreakOuts Page, up from only 1 high-ranked company from the Leaders List that made a new 52-week high on the prior session. There were gains for all 5 high-ranked companies currently on the Featured Stocks Page, a list that was trimmed during recent weakness. The total number of new 52-week highs improved and outnumbered new 52-week lows on the Nasdaq exchange, but new 52-week lows still outnumbered new 52-week highs on the NYSE.
PICTURED: The S&P 500 Index posted a solid +2.5% gain on higher volume, a "follow through day" on Day 9 of the rally attempt. However, it remains below its 50-day and 200-day moving average (DMA) lines.
Keep in mind, for a market environment to be considered technically "healthy" at least 2 of the 3 major indices should be trading above their respective 200-day moving average (DMA) lines. A lot of recovery work must be done to get the indices back into "healthy" shape, and that improvement could require some considerable time and patience.
New buying efforts may only be considered in stocks meeting all key criteria of the fact-based investment system. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
The major averages returned from the holiday weekend to a strong start
following positive overnight sessions in Europe and Asia. Economic data
bolstered the positive momentum as labor market conditions showed unexpected
strength in July; meanwhile, small business optimism and consumer credit both
expanded in August.
All 10 sectors of the S&P 500 were in positive territory. Ahead of their
product unveiling tomorrow, Apple (AAPL +2.78%) rose. Microchip (MCHP +9.41%) rallied after a positive profit tally and bullish commentary. Upbeat analyst
remarks on Bank of America (BAC +3.26%) helped push the stock higher. In the
industrials space, increased carloads lifted CSX (CSX +4.28%), while lower
oil prices provided a tailwind to American Airlines (AAL +0.49%).
In M&A, Media General (MEG -6.01%) retreated after agreeing to buy
Meredith Corp (MDP +9.86%) for $2.4 billion in cash and stock. Exxon Mobil (XOM +1.44%) shrugged off oil price weakness to finish higher.
Treasuries extended losses. The benchmark 10-year note fell 20/32 to yield
2.19%.
Commodities were mixed. WTI crude finished a volatile session down 0.2% to
$45.94/barrel. COMEX gold gained less than 0.1% to $1121.40/ounce, as the dollar
finished mixed, lower against the euro but higher against the yen.
The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Financial, and Retail Groups Led Widespread Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +2.17%) and financial shares were positive influences on the major averages as the Broker/Dealer Index ($XBD +2.87%) and the Bank Index ($BKX +2.77%) rose on Tuesday. The tech sector saw unanimous gains from the Biotechnology Index ($BTK +3.91%), Semiconductor Index ($SOX +4.42%), and the Networking Index ($NWX +1.86%). Energy-linked groups were positive as the Oil Services Index ($OSX +0.90%) and the Integrated Oil Index ($XOI +1.94%) posted gains. The Gold & Silver Index ($XAU +0.98%) edged higher. 
PICTURED: The Broker/Dealer Index ($XBD +2.87%) remains well below its 50-day and 200-day moving average (DMA) lines, rallying back after briefly undercutting its January 2015 lows.
| Oil Services |
$OSX |
178.70 |
+1.59 |
+0.90% |
-15.26% |
| Integrated Oil |
$XOI |
1,106.92 |
+21.11 |
+1.94% |
-17.89% |
| Semiconductor |
$SOX |
624.06 |
+26.44 |
+4.42% |
-9.14% |
| Networking |
$NWX |
372.03 |
+6.78 |
+1.86% |
+3.94% |
| Broker/Dealer |
$XBD |
175.07 |
+4.88 |
+2.87% |
-5.18% |
| Retail |
$RLX |
1,191.80 |
+25.26 |
+2.17% |
+15.40% |
| Gold & Silver |
$XAU |
45.77 |
+0.44 |
+0.97% |
-33.45% |
| Bank |
$BKX |
71.94 |
+1.94 |
+2.77% |
-3.12% |
| Biotech |
$BTK |
3,902.16 |
+146.96 |
+3.91% |
+13.46% |
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Approaching Highs With Solid Gain on Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Luxoft Holding Inc Cl A (LXFT +$2.31 or +3.68% to $65.00) posted a solid gain with above average volume. It was last shown in this FSU section on 8/27/15 with an annotated graph under the headline, "After Shakeout a Prompt Rebound Above 50-Day Moving Average". The prompt rebound above its 50-day moving average (DMA) line was a sign of institutional support that helped its outlook improve. It had triggered technical sell signals with damaging volume-driven losses as it sank deep into the prior base on 8/24/15 amid broad-based market weakness (M criteria).
LXFT was first highlighted in yellow with a pivot point cited based on its 4/23/15 high plus 10 cents in the 5/26/15 mid-day report (read here). The high-ranked Computer Software firm reported earnings +36% on +32% sales revenues for the Jun '15 quarter, continuing its strong quarterly and annual earnings history (C and A criteria) matching the guidelines of the fact-based investment system. Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods. The number of top-rated funds owning its shares rose from 185 in Jun '14 to 266 in Jun '15, a reassuring sign concerning the I criteria. It has earned a Timeliness Rating of A. Its small supply of only 30.2 million shares (S criteria) in the public float can contribute to greater price 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 |
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Max Buy |
BOFI
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NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$117.14
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+3.70
3.26% |
$118.12
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389,230
130.61% of 50 DAV
50 DAV is 298,000
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$134.79
-13.09%
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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 - 9/8/2015 6:16:23 PM
G - Rebounded near its 50 DMA line which may act as resistance. A finish above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Damaging Losses Triggered Technical Sell Signal - 9/2/2015 |
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
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$35.10
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+0.89
2.60% |
$35.39
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639,539
82.63% of 50 DAV
50 DAV is 774,000
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$37.25
-5.77%
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8/5/2015
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$34.50
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PP = $32.53
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MB = $34.16
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Most Recent Note - 9/4/2015 5:25:15 PM
G - Still consolidating above its 50 DMA line and prior highs defining near term support. More damaging losses would raise greater concerns, especially if slumping to a close back in the prior base. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Average and Prior Highs - 9/4/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ULTA
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NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$164.61
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+6.91
4.38% |
$164.68
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1,156,307
125.01% of 50 DAV
50 DAV is 925,000
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$176.77
-6.88%
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5/29/2015
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$155.03
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PP = $159.95
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MB = $167.95
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Most Recent Note - 9/8/2015 6:14:32 PM
G - Rebound above the 50 DMA line helped its outlook to improve, however it has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Needs Rebound Above 50-Day Average For Outlook to Improve - 9/1/2015 |
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
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$65.00
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+2.31
3.68% |
$65.09
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351,141
125.41% of 50 DAV
50 DAV is 280,000
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$68.16
-4.64%
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5/26/2015
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$51.90
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PP = $57.40
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MB = $60.27
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Most Recent Note - 9/8/2015 6:12:02 PM
G - Rallied near its 52-week high with above average volume behind a big gain. Found prompt support after violating its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Approaching Highs With Solid Gain on Higher Volume - 9/8/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$52.47
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+1.33
2.60% |
$52.70
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284,221
101.51% of 50 DAV
50 DAV is 280,000
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$53.15
-1.28%
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8/12/2015
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$49.01
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PP = $45.85
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MB = $48.14
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Most Recent Note - 9/3/2015 3:53:28 PM
G - Hitting a new high today, getting more extended from its prior base. Disciplined investors avoid chasing stocks more than +5% above prior highs or the pivot point. Found prompt support near its 50 DMA line and prior highs.
>>> FEATURED STOCK ARTICLE : Found Support at 50-day Average Following Breakout - 8/31/2015 |
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 |
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Max Buy |
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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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