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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 25TH, 2015
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DOW |
+113.35 |
16,314.67 |
+0.70% |
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Volume |
953,856,040 |
-5% |
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Volume |
1,882,870,570 |
+3% |
NASDAQ |
-47.98 |
4,686.50 |
-1.01% |
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Advancers |
1,479 |
48% |
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Advancers |
1,004 |
34% |
S&P 500 |
-0.90 |
1,931.34 |
-0.05% |
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Decliners |
1,593 |
52% |
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Decliners |
1,983 |
66% |
Russell 2000 |
-14.75 |
1,122.79 |
-1.30% |
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52 Wk Highs |
26 |
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52 Wk Highs |
41 |
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S&P 600 |
-0.36 |
662.87 |
-0.05% |
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52 Wk Lows |
149 |
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52 Wk Lows |
163 |
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Major Indices Ended With Weekly Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow lost 0.4%, the S&P 500 declined 1.4% and the NASDAQ retreated 2.9%. Stocks were mixed on Friday. The Dow gained 113 points to 16314. The S&P 500 finished little changed at 1931. The NASDAQ underperformed, falling 47 points to 4686. The volume totals were reported mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the Nasdaq exchange while decliners narrowly led advancers on the NYSE. There were 23 stocks that made it onto the BreakOuts Page, up from 8 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. The total number of new 52-week lows solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were losses for 4 of the 6 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Dow Jones Industrial Average posted a gain on Friday, halting its slide toward the late-August lows. It met resistance before prior lows and its 50-day moving average (DMA) lines when rebounding, then slumped again on higher volume indicative of distributional pressure. Its MACD indicator remains positive.
All 3 major averages remain well below their 200-day moving average lines. 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 finished mixed after starting strong on Friday. A mostly optimistic speech from Janet Yellen on Thursday inspired buying early in the session, but a sell-off in healthcare stocks tempered the gains. In economic news, second quarter GDP growth was revised up to 3.9% from 3.7%. In another positive note, consumer sentiment for September was revised slightly higher. A separate release showed that core consumer prices rose faster than expected in the second quarter.
In earnings, Nike (NKE +8.9%) ran to an all-time high after soundly beating earnings and revenue projections. On the other end of the spectrum, Finish Line (FINL -19.6%) tumbled to a new 52-week low on disappointing revenue figures.
Seven out of ten sectors in the S&P 500 advanced on the day with financials and utilities leading the way. Healthcare stocks lagged, losing 2.7% as a group.
Treasuries moved lower after a “risk-on” trade to hold Friday morning. The benchmark 10-year U.S. note lost 11/32 to yield 2.17%.
Commodities were mixed. WTI crude added 0.7% to $45.59/barrel while COMEX gold slid 0.7% to $1146.50/ounce. In FOREX, the dollar gained on the yen and the euro.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial Indexes Halted Retreat and Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials were a positive influence on the major averages on Friday as the Broker/Dealer Index ($XBD +1.07%) and the Bank Index ($BKX +2.00%) rose. The Retail Index ($RLX -0.45%) ended slightly lower. The Biotechnology Index ($BTK -4.71%) led the tech sector lower while the Networking Index ($NWX -0.68%) suffered a smaller loss and the Semiconductor Index ($SOX +0.54%) posted a modest gain. The Integrated Oil Index ($XOI +0.30%) eked out a small gain while the Oil Services Index ($OSX -0.87%) and the Gold & Silver Index ($XAU -1.28%) lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +2.00%) halted its slide after slumping near the late-August lows. It remains well below its 50-day and 220-day moving average (DMA) lines. More worrisome losses would bode poorly for the broader market outlook because the financials are reliable leading indicators, The major averages have been prone to many of the their worst downdrafts when financial stocks are weak.
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Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.07%) halted its slide after slumping near the late-August lows. It remains well below its 50-day and 220-day moving average (DMA) lines. More worrisome losses would bode poorly for the broader market outlook because, longtime members have seen it shown repeatly that financials are reliable leading indicators.
Oil Services |
$OSX |
164.01 |
-1.43 |
-0.86% |
-22.22% |
Integrated Oil |
$XOI |
1,062.69 |
+3.21 |
+0.30% |
-21.17% |
Semiconductor |
$SOX |
592.88 |
+3.17 |
+0.54% |
-13.68% |
Networking |
$NWX |
358.43 |
-2.44 |
-0.68% |
+0.14% |
Broker/Dealer |
$XBD |
169.75 |
+1.80 |
+1.07% |
-8.07% |
Retail |
$RLX |
1,189.86 |
-5.35 |
-0.45% |
+15.22% |
Gold & Silver |
$XAU |
47.27 |
-0.62 |
-1.29% |
-31.27% |
Bank |
$BKX |
70.48 |
+1.38 |
+2.00% |
-5.09% |
Biotech |
$BTK |
3,533.05 |
-174.49 |
-4.71% |
+2.73% |
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Help Available For You in Making Fact-Based Buy/Sell Decisions With Greater Success
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
You want to get above average results, and market conditions (the M criteria) are challenging at times. Proper discipline and patience are paramount.
There are few stocks included on the Featured Stocks list now and none of the companies need additional review. At times like these we have an opportunity to look back and review. We recently reviewed Ambarella (AMBA) on 9/03/15 and Skyworks (SWKS) on 9/17/15 because previously featured stocks which were dropped can serve as educational examples of the investment system's tactics. It is also a reminder that high-ranked leaders eventually fall out of favor.
If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you!
Professional Money Management Services - A Winning System - Inquire today! Our skilled portfolio manager knows how to follow the rules of this fact-based investment system. We do not follow opinion or the "conviction list" of some large Wall Street institution which would have us fully invested even during horrific bear markets. Instead, we remain fluid and only buy the best stocks when they are triggering proper technical buy signals. If you are not completely satisfied with the way your portfolio is being managed, Click here and indicate "Find a Broker" to get connected with our portfolio managers. *Accounts over $250,000 please. ** Serious inquires only, please. |
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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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$125.17
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+0.51
0.41% |
$126.38
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193,836 63.14% of 50 DAV
50 DAV is 307,000
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$134.79 -7.14%
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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 - 9/21/2015 5:50:10 PM
G - Quietly consolidating above its 50 DMA ($120.43) line. It has not formed a sound base of sufficient length.
>>> FEATURED STOCK ARTICLE : Slumped Below 50-Day Average With Higher Volume Loss - 9/18/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
AHS
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NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service
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$35.92
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-0.83
-2.26% |
$37.24
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896,814 122.52% of 50 DAV
50 DAV is 732,000
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$37.47 -4.14%
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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 - 9/24/2015 6:45:08 PM
G - Fell today with higher and above average volume indicative of distributional pressure. Still consolidating above its 50 DMA line ($33.57) and prior highs defining important near term support.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average - 9/14/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
ULTA
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NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$169.15
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+1.14
0.68% |
$170.21
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768,752 83.02% of 50 DAV
50 DAV is 926,000
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$176.77 -4.31%
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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 - 9/21/2015 5:51:42 PM
G - Consolidating above its 50 DMA line ($165.30). It has not formed a sound base following the deep shakeout on 8/24/15.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 9/21/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
FLTX
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NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$49.97
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-0.79
-1.56% |
$51.76
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295,602 85.68% of 50 DAV
50 DAV is 345,000
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$52.45 -4.73%
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9/23/2015
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$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 9/24/2015 6:43:35 PM
Y - Pulled back with above average volume and finished near the session low. It was highlighted in yellow with pivot point cited based on its 8/07/15 high plus 10 cents in the 9/23/15 mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal. The high-ranked Ireland-based Computer Software - Enterprise firm found support at its 200 DMA line during its consolidation. Reported earnings +83% on +24% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). That helped it better match the fact-based investment system's guidelines, however sequential quarterly comparisons have shown deceleration in its growth rate. No resistance remains due to overhead supply. See the latest FSU analysis for additional details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Perched New Prior High After Big Streak Of Gains - 9/23/2015 |
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Company Profile |
SEC
News |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$61.91
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-1.28
-2.03% |
$63.85
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185,616 73.95% of 50 DAV
50 DAV is 251,000
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$68.85 -10.08%
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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 - 9/21/2015 5:53:42 PM
G -No resistance remains while perched at its all-time high free of all overhead supply. It did not form a sound base, however it found prompt support after violating its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Quiet Gain For Second Best Close Ever - 9/15/2015 |
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News |
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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 |
INGN
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NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$50.20
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-3.46
-6.45% |
$54.44
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406,926 138.41% of 50 DAV
50 DAV is 294,000
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$55.98 -10.33%
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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 - 9/25/2015 3:55:11 PM
G - Big loss today with above average volume raising concerns. Its 50 DMA line and prior highs define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Another New High Close For Medical Products Firm - 9/16/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
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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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