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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 10TH, 2015
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DOW |
+76.83 |
16,330.40 |
+0.47% |
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Volume |
931,286,320 |
+3% |
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Volume |
1,712,374,990 |
-4% |
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NASDAQ |
+39.72 |
4,796.25 |
+0.84% |
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Advancers |
1,638 |
54% |
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Advancers |
1,693 |
59% |
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S&P 500 |
+10.25 |
1,952.29 |
+0.53% |
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Decliners |
1,401 |
46% |
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Decliners |
1,167 |
41% |
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Russell 2000 |
+4.80 |
1,153.03 |
+0.42% |
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52 Wk Highs |
9 |
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52 Wk Highs |
27 |
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S&P 600 |
+0.73 |
668.41 |
+0.11% |
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52 Wk Lows |
120 |
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52 Wk Lows |
65 |
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Major Averages Rose Following Encouraging Economic Data
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks advanced on Thursday. The Dow was up 76 points to 16330. The S&P 500 gained 10 points to 1952. The NASDAQ finished 39 points higher to 4796, The volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by an 8-7 margin on the NYSE and 4-3 on the Nasdaq exchange. Leadership was more elusive as only 8 stocks made it onto the BreakOuts Page, down from 19 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. There were gains for 3 of the 5 high-ranked companies currently on the Featured Stocks Page. The total number of new 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index posted a gain on Thursday. Its MACD indicator has turned bullish. Tuesday's follow-through day marked the beginning of a new "confirmed rally". Repeatedly, members have been reminded that at least 2 of the 3 major indices should be trading above their respective 200-day moving average (DMA) lines in order for a market environment to be considered technically "healthy". 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 experienced mild gains as investors digested economic data. Jobless claims last week fell 6,000 to 275,000. In August, import prices declined 1.8%, topping expectations of a 1.6% drop.
Nine of ten S&P 500 sectors finished in positive territory. Tech and healthcare were the relative outperformers. Apple (AAPL +2.20%) rebounded and QUALCOMM (QCOM +1.86%) rose in sympathy. Health care also rebounded as Gilead (GILD +3.30%) posted a solid gain. The zeal to deal returned as XPO Logistics (XPO -11.03%) fell after agreeing to buy Con-Way (CNW +33.80%) for $3 billion. In the energy patch, higher oil prices helped Exxon (XOM +0.72%) climb. In earnings, Palo Alto Networks (PANW +7.40%) rebounded above its 50-day moving average line following a positive report, but lackluster results pushed Krispy Kreme (KKD -11.73%) lower.
Treasuries extended losses after a $13 billion 30-year treasury auction. The benchmark 10-year note lost 7/32 to yield 2.22% while the 30-year bond fell 18/32 to yield 2.99%.
Commodities advanced. Higher oil inventory reports were overshadowed by production cut expectations, helping NYMEX WTI oil climb 3.5% to $45.68 per barrel. COMEX gold was up 0.7% to $1109.80 per ounce. In FOREX, the U.S. dollar ebbed against the euro.
The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.35%) and financial shares were positive influences on the major averages as the Bank Index ($BKX +0.65%) and the Broker/Dealer Index ($XBD +0.14%) rose on Thursday. The tech sector saw unanimous gains from the Biotechnology Index ($BTK +1.49%), Semiconductor Index ($SOX +0.41%), and the Networking Index ($NWX +0.32%). Energy-linked groups were positive as the Oil Services Index ($OSX +0.71%) and the Integrated Oil Index ($XOI +0.68%) posted gains. The Gold & Silver Index ($XAU -0.10%) ended slightly lower.
PICTURED: The Networking Index ($NWX +0.32%) remains below its 50-day and 200-day moving average (DMA) lines, while recently rebounding after undercutting prior 2015 lows.
| Oil Services |
$OSX |
174.74 |
+1.23 |
+0.71% |
-17.13% |
| Integrated Oil |
$XOI |
1,098.29 |
+7.42 |
+0.68% |
-18.53% |
| Semiconductor |
$SOX |
615.34 |
+2.51 |
+0.41% |
-10.41% |
| Networking |
$NWX |
371.00 |
+1.18 |
+0.32% |
+3.65% |
| Broker/Dealer |
$XBD |
173.09 |
+0.24 |
+0.14% |
-6.26% |
| Retail |
$RLX |
1,186.06 |
+4.16 |
+0.35% |
+14.85% |
| Gold & Silver |
$XAU |
44.44 |
-0.04 |
-0.09% |
-35.39% |
| Bank |
$BKX |
71.50 |
+0.46 |
+0.65% |
-3.72% |
| Biotech |
$BTK |
3,890.45 |
+57.28 |
+1.49% |
+13.12% |
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Rebound Near 50-Day Moving Average Following Deep Shakeout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ulta Salon Cosmetics & Fragrance, Inc. (ULTA +$1.43 or +0.88% to $164.83) is trading near its 50-day moving average (DMA) line following an impressive rebound indicative of institutional support. That important short-term average has acted as resistance after a deep shakeout below its 200 DMA line. It has not formed a sound base pattern. It also reported earnings +22% on +19^ sales revenues for the Jul '15 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
ULTA was last shown with an annotated graph in this FSU section on 9/01/15 under the headline, "Needs Rebound Above 50-Day Average For Outlook to Improve". It found prompt support after undercutting its 200-day moving average (DMA) line on 8/24/15 amid broad market (M criteria) weakness. It had tallied a gain on 8/18/15 with solid +54% above average volume, but it stalled immediately afterward and soon triggered technical sell signals. It made limited headway since highlighted in yellow with pivot point cited based on its 4/24/15 high plus 10 cents in the 5/29/15 mid-day report (read here).
It reported earnings +34%, +26%, +22%, and +35% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarterly comparisons, respectively. Its strong earnings have been underpinned by steady sales revenues increases in the +21-22% range during that span of time. Its solid annual earnings (A criteria) history is very reassuring. It has a small supply (S criteria) of only 62.7 million shares in the public float. The number of top-rated funds with an ownership interest has grown from 566 funds in Jun '14 to 807 funds as of Jun '15, which is a very encouraging sign of increasing institutional interest (the I criteria).
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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 |
BOFI
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NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$118.00
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-0.14
-0.12% |
$118.41
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257,195
85.45% of 50 DAV
50 DAV is 301,000
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$134.79
-12.46%
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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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$35.12
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+0.17
0.49% |
$35.44
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503,788
66.55% of 50 DAV
50 DAV is 757,000
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$37.25
-5.72%
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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 - 9/9/2015 5:41:47 PM
G - Perched within striking distance of its 52-week high, consolidating above its 50 DMA line and prior highs defining important near term support.
>>> 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
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$164.83
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+1.43
0.88% |
$165.29
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1,369,633
145.71% of 50 DAV
50 DAV is 940,000
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$176.77
-6.75%
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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 - 9/10/2015 6:37:50 PM
G - Trading near its 50 DMA line, however it has not formed a sound base following the deep shakeout on 8/24/15. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebound Near 50-Day Moving Average Following Deep Shakeout - 9/10/2015 |
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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$65.38
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-0.21
-0.32% |
$67.15
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328,100
125.71% of 50 DAV
50 DAV is 261,000
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$68.16
-4.08%
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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 - 9/10/2015 12:23:27 PM
G - Challenging its 52-week high with today's 3rd consecutive gain. It has not formed a sound base yet found prompt support after violating its 50 DMA line.
>>> 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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$54.14
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+1.41
2.67% |
$54.21
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260,753
100.29% of 50 DAV
50 DAV is 260,000
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$53.98
0.30%
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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 - 9/9/2015 5:39:35 PM
G - Hit another new high with +55% above average volume behind today's gain, getting more extended from its prior base. Found prompt support near its 50 DMA line and prior highs. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Further Volume-Driven Gains Into New High Territory - 9/9/2015 |
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 |
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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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